On April 30th, according to Cointelegraph, Eric Trump, son of Donald Trump, stated in an interview with CNBC in Dubai that global banks must adopt cryptocurrency, otherwise they will disappear within 10 years. Eric Trump pointed out that the modern financial system has issues such as slow operation, high costs, and favoritism towards the super wealthy. He criticized the global cross-border payment network SWIFT system as a "complete disaster." He stated that users can now instantly transfer between wallets through decentralized finance (DeFi) applications or any cryptocurrency application without incurring additional fees and fluctuation risks.
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Trump's son Eric Trump: If we don't adopt cryptocurrencies, banks may disappear in 10 years
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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink
The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
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Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds
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US investors consider crypto less as risk-taking drops: FINRA study
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