Encryption Morning Report | Trump wants to turn the US into a "Bitcoin superpower"; financing enthusiasm remains high.

What happened in the last 24 hours? Hurry up and take a look.

🔥 Trump is causing trouble again

At the “U.S. Business Forum” held in Miami, Trump declared: America is to become a “Bitcoin superpower” and the global center for crypto assets. He also signed a “historic executive order” announcing that the federal government has ended its “crackdown” on crypto assets. This move has got a bunch of crypto bigwigs excited.

💰 Financing rounds come one after another

Fomo completes $17 million Series A financing. This trading app supports quick account opening with Apple Pay, and its built-in social features allow you to peek at others' trading strategies. The financing was led by the prominent VC Benchmark, and it attracted 140 influential industry angel investors, including the CEO of Polygon and a co-founder of Solana. The total financing amount reached $19 million.

Ripple has raised another $500 million. Its valuation has surged to $40 billion—four times higher than the $10 billion valuation from the 2019 funding round. This is Ripple's largest external financing in nearly six years, and with RLUSD surpassing the $1 billion mark, it seems the company is truly transitioning from the concept of a “blockchain version of SWIFT” to a revenue-driven global settlement infrastructure.

📊 Market rebound blooms across the board

• BTC surged to 103,000 USD, rising 2.75% in 24 hours.
• ETH broke $3400, up 5.09%
• The PayFi sector leads the gains, with an increase of 7.31% (among which Telcoin surged 28.44%, and XRP rose 7.71%)
• Popular meme coins are not cooling down, OFFICIAL TRUMP increased by 16.56%, and Giggle Fund even exploded to 130.10%.

Interestingly, Dash surged before but has now dropped by 11.41%, which is a bit of a rollercoaster.

🎯 What do cryptocurrency influencers say

He Yi (Binance Co-founder): “By historical percentages, this is definitely not the bottom. But the underlying logic of the industry is changing, and the paradigm of volatility must also change. History does not repeat itself, but it does rhyme.” This statement has some substance—what she means is that we shouldn't just look at the numbers; what is truly changing is the rules of the game itself.

Arthur Hayes (Co-founder of BitMEX): Still bullish on ZEC, next stop $1000. This guy has previously called for ZEC to reach $10000, which is quite bold.

⚠️ Risks to Pay Attention To

• A large whale just withdrew 115 million USDT from Aave, causing the main market USDT utilization rate to surge to 92.83%, exceeding the safe threshold of 92%.
• The Sei ecosystem lending protocol Yei Finance has suspended operations due to anomalies in the fastUSD market, but the official guarantee is that users' funds are 100% withdrawable, only that operations have been halted during the debt repayment period.

📌 One-sentence summary

The policy warm wind + financing climax + market rebound, the atmosphere of the crypto market is indeed changing. However, large holders are moving, and risks are accumulating, so we must keep our eyes wide open.