CoinEx Daily: Trump Mentions Cryptocurrency, Declares U.S. as Global Crypto Capital
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Overview:
Trump officially mentioned cryptocurrencies for the first time, declaring that the U.S. will become the global crypto capital. He signed an executive order on cryptocurrency to establish a regulatory framework and explore a national digital asset reserve.
Daily Macro
Bitcoin Performance:
Bitcoin saw a slight boost last night before continuing to decline, now priced around $103,000.
Bitcoin ETF:
Yesterday, Bitcoin ETFs experienced a net inflow of $34.1 million.
Ethereum ETF:
Ethereum ETFs saw a net outflow of $14.9 million yesterday.
Macroeconomic Data:
Trump signed an executive order on cryptocurrency, outlining a clear regulatory framework and directing the exploration of a national digital asset reserve.
Daily Focus
ALON
Reason for Focus:
Meme token ALON, associated with pump.fun’s CTO, surged in market cap to $250 million with a 24-hour trading volume of $395 million. Alon, the founder of pump.fun, claimed not to have created the ALON token but later assumed ownership of a TG group for the token and paid Dexscreener fees, suggesting some level of association.
Related Token Performance:
ALON: +5864% (24h)
How to Participate:
Despite Alon’s denial of creating the token, his recent actions indicate potential involvement. Investors should monitor the development and public perception of ALON before making decisions.
Next Focus
BTC
Reason for Focus:
Trump reinforced his pro-crypto stance in an executive order issued Thursday, emphasizing his administration's support for the development and use of digital assets and blockchain technology. The order directs the government to establish clear regulations for the crypto industry and explore creating a national digital asset reserve.
How to Participate:
This executive order represents a significant victory for cryptocurrencies, bolstering the narrative of Bitcoin as a potential national strategic reserve. Investors should closely follow related policy developments and industry growth opportunities.