Trump and his Latest Venture

What we’ll cover today:

🔥 Trump’s latest venture

🚨 Could The Fed's Next Move Sink the Crypto Market?

🌊 Kraken, Known For its Strong Presence In the UK.

1. Trump’s latest venture? 

World Liberty Financial is a new crypto exchange by his sons, Donald Jr. and Eric.

Announced live from Mar-a-Lago, Trump shared almost no details about the platform.

Instead, he talked about AI and other tangents.

Here’s what we know:

• 20% of tokens go to the Trumps

• 17% for user rewards

• 63% sold to the public

Once a crypto skeptic, Trump says the U.S. must lead in crypto to keep China at bay.

And Barron Trump? He's already a crypto whiz.

Here’s the whole article

2. Could The Fed's Next Move Sink the Crypto Market?

BitMEX co-founder Arthur Hayes sure thinks so.

While everyone’s excited about a potential Federal Reserve rate cut, Hayes is waving a red flag.

He compares it to a sugar high: a significant quick boost, but a crash is coming.

Hayes warns the rate cut could:

• Fuel inflation: More cash flow could lead to higher prices.

• Strengthen the Japanese yen: This might weaken U.S. dollar-based assets like crypto.

• Cause a crypto downturn: Risk assets, including cryptocurrencies, could take a hit.

Even more shocking, he believes the Fed won’t stop until rates hit zero!

If Hayes is correct, the short-term thrill could lead to long-term trouble.

Here’s the whole article

3. Kraken, Known For its Strong Presence In the UK.

Kraken is a crypto exchange known for its strong presence in the UK. It offers over 280 tokens and handles millions in daily trades.

Key features include:

• Security: Two-factor authentication (2FA), SSL encryption, and cold storage for most funds.

• Fees: Maker fees start at 0.16%.

• Liquidity: High trading volume ensures fast trade execution.

• Transparency: Kraken conducts regular third-party audits and offers proof of reserves.

These factors contribute to Kraken’s reputation among UK traders.

Here’s the whole article