Trump Group plans to launch l practical tokens Trump's approval rating 42%
Reprinted from jinse
04/30/2025·2DHeadlines
▌Trump Media Group plans to launch Truth Social utility token
"As part of the rewards program, we are exploring the introduction of a practical token in the Truth digital wallet, which can initially be used to pay for Truth+ subscription fees and may also be applicable to other products and services in the Truth ecosystem in the future," Trump Media & Technology Group said in a letter to shareholders. In January, the company launched the fintech brand Truth.Fi, which previously submitted a trademark application covering the "downloadable computer software used as a digital wallet" service.
▌Poll : Trump 's overall support rate is stable at 42%
Reuters/Ipsos poll: Trump's overall approval rating is stable at 42%; his approval rating for Trump's handling of US economic issues has dropped to 36%; his dissatisfaction with the economy has risen to 56%.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$94,295.27, with an increase of -0.7% intraday;
ETH's latest transaction price is US$1,800.96, with an intraday increase and decrease of +0.1 % ;
BNB's recent transaction price is US$601.15, with an intraday increase and decrease of -0.8% ;
SOL's latest transaction price is US$146.65, with an intraday increase and decrease of -0.6 % ;
DOGE's recent transaction price is US$0.1751, with an intraday increase and decrease of -1.8 % ;
XPR's recent transaction price is US$2.25, with an intraday increase and decrease of -2.3 % .
policy
▌U.S. Senate plans to vote on the stablecoin bill before May 26
According to Politico, U.S. Senate Majority Leader John Thune said in a closed-door meeting that the Senate will handle the GENIUS Act proposed by Senator Bill Hagerty by May 26. The bill passed the Senate Banking Committee in March, intending to restrict payment stablecoins from issuing payments by any entity except the “licensed payment stablecoin issuer.” The House of Representatives also proposed a supporting bill, the STABLE Act. Democratic lawmakers criticized Trump for his close ties with relevant stablecoin companies, which may trigger an "unprecedented conflict of interest."
▌Salvador bypasses IMF restrictions and continues to buy Bitcoin every day
Despite the government suspending Bitcoin-related activities to obtain a $1.4 billion loan, El Salvador still quietly bought through the Bitcoin office, adding 32 new pieces last month and currently holds more than 6,160 bitcoins worth about $584 million. The IMF confirmed that the country's fiscal department fulfilled its commitment to "no new holdings", but the Bitcoin office "operates outside these fiscal definitions" to circumvent restrictions through "technical loopholes." In order to unlock IMF funds, the country of Saskatchewan will cancel Bitcoin as a means of forced payment and taxation from May 1. President Bucker is still "committed to the Bitcoin strategy."
▌The Italian central bank warns crypto assets pose risks to financial stability
The Italian central bank pointed out in its April 2025 Financial Stability Report: "The strong growth of Bitcoin and other highly volatile crypto assets not only means investors are at risk, but also the growing link between the digital asset ecosystem and the traditional financial sector and the real economy may also pose a potential threat to financial stability." The report also pointed out that non-financial companies' holdings of Bitcoin "expose them to significant price volatility" and warned that stablecoins anchoring the US dollar "if they become systemically important" may pose risks.
Blockchain application
▌ Base reaches the first stage of decentralization of Ethereum Rollup, launches the fault proof mechanism and establishes a security committee
Base has reached the first stage of decentralization of Ethereum Rollup, launched the fault proof mechanism and established a security committee. Base developers said the network has reached the first phase of Vitalik Buterin's Rollup decentralized framework, making progress in reducing dependence on centralized participants.
"Base has achieved phase one decentralization, a key milestone in the process of building an open global on-chain economy. This has been achieved by launching license-free proof of failure and improving the level of decentralization of the contract upgrade process through the Security Council," the Base team said.
Base was launched in August 2023 and developed using Optimism's OP Stack package. It has now developed into the largest Layer2 rollup on TVL on Ethereum. Previously, Base was classified as Phase 0 Rollup, mainly because it still relies on a centralized sorter controlled by Coinbase, and its mainnet lacks fully operational license-free failure proofs.
Cryptocurrency
▌European digital bank Bunq launches cryptocurrency service powered by Kraken
European digital bank Bunq announced the launch of Bunq Crypto on April 29, allowing users to invest in more than 300 cryptocurrencies, including Bitcoin, Ether and Solana. The service will be launched first in the Netherlands, France, Spain, Ireland, Italy and Belgium, with technical support from Kraken. "Our global users have long been looking forward to a simple, secure and direct way to invest in digital assets," Bunq said. "About 65% of European consumers want to manage banking, savings and cryptocurrency investments through a unified platform," and more than 50% of respondents want to be exposed to cryptocurrencies, but believe that existing platforms are difficult to meet demand in terms of simplicity and security.
▌Fidelity : Multiple on-chain indicators of ETH indicate that ETH is “undervalued”
Fidelity Digital Assets reports that multiple on-chain indicators on Ethereum indicate that ETH is “undervalued”. The report pointed out that MVRV Z-Score fell to -0.18 on March 9, entering the "undervalued" area, indicating that Ethereum "looks cheap"; NUPL also fell to 0, indicating that the market is in a "surrender" state. In addition, the realization price of ETH is US$2,020, which is 10% higher than the current price. The ETH/BTC market value ratio dropped to the mid-2020 level. Meanwhile, Ethereum Layer-2 has reached 13.6 million active addresses, a record high, indicating that its scalability and adoption continue to rise.
▌Predictive forecasts for the possibility of a 2025 recession on the forecast market platform PolyMarket
"Federal Mouthbolt" Nick Timiraos: Today, forecasting market platform PolyMarket's forecast for the possibility of a 2025 recession rises, the same as the highs set on April 6 and April 9, when Trump had not yet recovered the "peer-to-peer" tariff policy announced on April 2.
▌ Tether has once again minted 1 billion USDT, and has accumulated 2 billion USDT today
According to WhaleAlert monitoring, 2 minutes ago, Tether added another $1 billion minted on the Ethereum chain. 2 billion USDT have been minted today.
Tether CEO Paolo Ardoino said that the USDT issued this additional issuance supplements inventory. This is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issue request and chain exchange.
Previously, 7 minutes ago, Tether added 1 billion USDTs to the Ethereum chain.
Important economic trends
BlackRock applies for digital shares category DLT Shares for its $150 billion money market fund
BlackRock applied for DLT Shares, a digital stake category, for its $150 billion money market fund, according to Bloomberg ETF analyst Henry Jim. The DLT share will be sold only through BNY Mellon, which intends to use blockchain technology to mirror ownership, which may be an upfront preparation or preparation for future digital currency/cash use.
▌Trump : I have more insight than the Fed Chairman 's poor performance
U.S. President Trump said Fed officials have performed poorly. I am more knowledgeable than the Fed chairman. I want to be polite and considerate to the Fed. Unintentional criticism of the Federal Reserve Chairman. I want to be polite and considerate to the Fed. Unintentional criticism of the Federal Reserve Chairman.
▌Goldman Sachs significantly lowered its GDP growth rate in the first quarter to -0.8%
Goldman Sachs' latest research report stated that the U.S. commodity trade deficit widened significantly in March than expected. Imports and exports of goods both increased in March. The main reason for the widening trade deficit is the increase in imports of consumer goods, which may reflect the "snatch- up" of imports before tariffs are raised. Details of the Leading Economic Indicators report show that import growth is significantly stronger compared to our previous GDP tracking assumptions, but export growth has moderately strengthened and inventory accumulation has accelerated. Overall, we lowered our first-quarter GDP tracking forecast by 0.6 percentage points to -0.8% (quarterly annualized quarterly). The U.S. GDP data will be released on the evening of the 30th.
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 92.3%
According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 92.3%, and the probability of cutting interest rates by 25 basis points is 7.7%. The probability of the Federal Reserve keeping interest rates unchanged by June is 375.1%, the probability of a cumulative interest rate cut of 25 basis points is 60.2%, and the probability of a cumulative interest rate cut of 50 basis points is 4.8%.
Golden Encyclopedia
▌What is address poisoning attack
In the cryptocurrency world, hostile behavior by attackers to influence or deceive consumers by tampering with cryptocurrency addresses is called address poisoning attacks. On a blockchain network, these addresses composed of different alphanumeric strings are the source or destination of the transaction. These attacks use various methods to undermine the integrity and security of crypto wallets and transactions.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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