Trump has softened his stance, the market is improving, is he ready to extract liquidity from the crypto industry again?

Written by: Alex Liu, Foresight News

Illustration by: Raven, Foresight News

Note: The "Weekly Hot Searches" statistics are compiled from user search results on Foresight News from last Friday to this Thursday (April 18 to April 24), with case sensitivity for the same concepts merged.

Trump Softens, Market Warms Up

On April 23, Trump stated that he would significantly reduce tariffs on China and would not take a hardline stance. With his softening, the market rebounded significantly, with Bitcoin returning above $90,000.

With the market improving, is he preparing to extract liquidity from the crypto industry again?

TRUMP Meme (@GetTrumpMemes) tweeted on the 24th, "On May 22, top TRUMP coin holders will have a private dinner with President Trump at the Trump National Club in Washington, D.C. Additionally, the first batch of unlocked tokens and the daily releases over the next three months will be locked for an additional 90 days." The TRUMP Meme official website shows that this private dinner event is only available to the first 220 TRUMP holders.

Upon the news, TRUMP surged over 70%, but then significantly retraced, currently reported at 13 USDT.

More Hot Search Updates

• Zora announced the opening of "airdrop" claims. This airdrop will distribute 1 billion "ZORA" tokens to 2,415,024 addresses. Most airdrop tokens are based on the first snapshot distribution. The airdrop from the second snapshot distribution is relatively small and covers the Coins activity on Zora's latest protocol. The specific distribution amount is calculated based on user activity on Zora and overall participation in the current protocol and its previous versions, including but not limited to minting, trading, and referrals. Zora reminds: "ZORA tokens are for entertainment purposes only and cannot be used for investment."
• Full-stack RWAfi public chain and "RWA" ecosystem Plume Network announced the appointment of former U.S. regulatory official and crypto executive Salman Banaei as its new General Counsel.
• "Sui" announced a partnership with financial platform xMoney and crypto application xPortal to launch a digital Mastercard supporting SUI tokens, which is now live in Europe. Users can add this card to Apple Pay and Google Pay for everyday spending of crypto assets.
• On April 22, the Hyperlane Foundation announced that "HYPER" claims are now open, continuing until May 22 at 21:00. Users can stake HYPER on Symbiotic to receive stHYPER, and holding stHYPER grants a 1.6x multiplier on HyperStreak.
• Shen Jiangguang, Vice President and Chief Economist of JD Group, stated that JD has now entered the "sandbox" testing phase for "stablecoin" issuance in "Hong Kong," and the relevant legislation for stablecoins in Hong Kong is still being advanced, with no clear terms yet. It is expected that after the approval of Hong Kong's "Stablecoin Regulation Draft," the Hong Kong Monetary Authority can formally release the specific implementation details for stablecoins.

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