Trump: US economy ushers in a "transition period" and ETH falls below $2,000

Headlines

▌Trump : The US economy ushers in a "transition period" and refuses to rule out the possibility of recession

U.S. President Trump refused to rule out the possibility that the U.S. economy will shrink and enter a recession this year, saying his comprehensive economic agenda could cause short-term turmoil, but he believes it will drive future prosperity.

In an interview with Fox News' Sunday Morning Futures, Trump was asked if he expected a recession this year, and he replied: "I hate to predict something like this. There is a transition period because we are doing very big things. We are bringing wealth back to the United States, which is a big deal."

U.S. Treasury Secretary Becent also said last week that the U.S. economy may experience a difficult period during this economic transformation.

Commerce Secretary Lutnik ruled out the possibility of a shrinking economy in his televised speech last Sunday. "There will not be a recession in the United States. The U.S. economy has never fallen into a recession since the pandemic began in 2020," he said on NBC News' Meet the Press program.

▌ ETH fell below $2,000

The market shows that ETH fell below $2,000 and is now at $1,998.2, with a 24-hour decline of 9.43%. The market fluctuates greatly, please do a good job in risk control.

---

Quotes

As of press time, according to Coingecko data,

BTC's recent transaction price is US$81,156.47, with an increase of -5.8% intraday;

ETH's latest transaction price is US$2,030.54, with an intraday increase and decrease of -7.8% ;

BNB's recent transaction price is US$557.55, with an intraday increase and decrease of -6.0% ;

SOL's latest transaction price is US$127.19, with an intraday increase and decline of -7.3% ;

DOGE's latest transaction price is US$0.1691, with an intraday increase and decrease of -12.1% ;

XPR's recent transaction price is US$2.15, with an intraday increase and decrease of -7.9 % .

---

policy

▌Texas Senate advances Bitcoin Reserves Act with bipartisan support

The Texas Senate just passed Senate Bill 21 (SB-21) to win by a huge advantage, a big step in bringing digital assets into the national financial system.

The Texas Senate voted 25-5 to pass the Texas Bitcoin Reserves Act, which allows the state to invest public funds in bitcoin and other digital assets.

According to SB-21, the Texas Comptroller will manage Bitcoin reserves. The bill allows the state to hold digital assets with a total market capitalization of at least $500 billion. Currently, Bitcoin is the only asset that meets this requirement.

Funding will come from legislative appropriations as well as private and corporate contributions. The bill also sets up the Strategic Bitcoin Reserve Advisory Committee, which will oversee investments and publish reports every two years to ensure transparency and accountability.

---

Blockchain application

▌Tom Cat: The company has established the business development direction of "AI+IP+Agent" in AI business

Tom Cat released an announcement on the investor relations activity record, stating that the company has established the business development direction of "AI+IP+Agent" in its AI business. Focusing on the business development direction, the company will deepen the product research and development and upgrading from several dimensions. In terms of product image, Tom Cat family IP includes 6 classic IP role images, and the company will launch AI emotional companion robots with different IP images as soon as possible to meet the love needs of different users for different IP images. Based on the deep commonality in multimodal technology architecture, big model driving, task planning logic, etc., the company will explore the combination with other AI agents in the fields of ecological collaboration, emotional task execution, and integrate big models, data, and tools into the company's home smart hardware terminals to promote the evolution of AI from a single function to a "all-round partner".

---

Cryptocurrency

▌Grayscale Research Director: Bitcoin’s further appreciation does not require relying on US crypto strategic reserves

U.S. President Trump has signed an executive order to establish strategic Bitcoin reserves and separate digital asset reserves. In response, Zach Pandl, head of research at Grayscale Investments, believes that Bitcoin does not require US strategic reserves to appreciate further this year. He expects Bitcoin's price to be pushed up as adoption increases, and Bitcoin will start to play as a store of value this year, especially in amid concerns that Trump's tariff policy may lead to a renewed inflation increase.

▌ Michael Saylor posted a message or suggested buying Bitcoin at the bottom

Strategy founder Michael Saylor posted on his personal social platform that if you still have more than one chair, this is your chance. It may imply that you buy Bitcoin at the bottom, that is, if you still have extra chairs (i.e. funds or resources) in your hands, then this is a good opportunity to buy Bitcoin.

▌Amir Taaki, an early Bitcoin developer: Cryptocurrency fails to realize its vision

Taaki said on social media: Crypto failed to realize its vision because no one understands the nature of power. They try to incorporate the existing system of truth, but they succumb to their ideology.

Still, Taaki made a self-apologization, pointing out that the status quo of cryptocurrencies is partly due to the inability to make compelling proposals outside the center of power. "It's all our fault. We have to organize and come up with a coherent vision," he evaluated.

▌Elizabeth Warren writes to David Sachs: How to avoid others profiting from governments’ choice to push up the value of certain crypto assets

Senator Elizabeth Warren wrote to cryptocurrency Tsar David Sachs asking “how he will stop the president and other private individuals from profiting directly from the Trump administration’s elective push up the value of certain crypto assets.”

▌ Enigmafund VC Founder: BlackRock still holds more than 571,514 BTC

The founder of Enigmafund VC posted on X that BlackRock still holds more than 571,514 BTC (about 48,007,176,000 US dollars). They have sold about 1,621 BTC (currently worth $136,164,000-145,890,000) in the past 7 days.

▌The liquidation of positions exceeded US$473 million in the past 12 hours, mainly for long orders

Data shows that in the past 12 hours, the total liquidation amount of the entire network reached US$473 million, of which the liquidation amount of long-term liquidation was approximately US$427 million, and the liquidation amount of short-term liquidation was approximately US$46.3278 million.

▌Salvador increased its holdings of 5 BTC today, and its current total holdings reach 6,111 BTC

On-chain data shows that 2 hours ago, El Salvador increased its holdings of 5 BTC (US$415,000), with a total holding of 6,111 BTC, worth US$492.5 million.

---

Important economic trends

▌Trump : We are negotiating with four different teams on TikTok

US President Trump: We are negotiating with four different teams on TikTok; all of these four teams are excellent.

---

Golden Encyclopedia

▌What is DeFAI

DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.

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.