BlockBeats News: On May 5th, Trump reiterated his support for cryptocurrency, stating that cryptocurrency assets have shown resilience during market downturns and are now widely accepted. He stated that the United States must maintain a leading position in digital asset innovation, otherwise it will fall behind countries such as China. I support cryptocurrency, "Trump said in an interview with NBC News'" Meet the Press "this week. I think cryptocurrency is important because if we don't do it, China will do it, "he said. This is an emerging thing, very popular, very hot. "He added that during the market downturn, the performance of cryptocurrencies was" much stronger than other aspects of the market. Trump pointed out that the importance of cryptocurrency cannot be ignored, and its widespread adoption is the main driving force behind his support for cryptocurrency. He also accused the Biden administration of initially adopting a repressive policy towards cryptocurrencies, but later softening its stance for political gain.

According to Bloomberg citing informed sources, Israel based online trading platform eToro Group Ltd. is reportedly considering launching its initial public offering (IPO) on NASDAQ in the United States as early as this week (the week of May 5th). Previously, eToro had submitted an IPO application to the US Securities and Exchange Commission (SEC) in late March 2024, but the listing process was suspended in April due to market volatility caused by tariff related announcements. The source also emphasized that a final decision on the specific launch time of the IPO has not been made yet, and the company may still postpone the listing based on market conditions.

According to Cryptonews, Kim Won soo (former Minister of Labor), the presidential candidate of the ruling National Power Party in South Korea, recently stated that if elected, he will consider allowing major national institutions such as the National Pension Board (NPS) and the Korea Investment Corporation (KIC) to invest in virtual assets including Bitcoin (BTC). NPS is the third largest pension fund in the world. Jin Wenzhu believes that given the changes in the domestic and international economic environment, the existence of virtual assets cannot be ignored, and promises to cultivate and stabilize the domestic cryptocurrency market through institutionalization. It is estimated that approximately 16.3 million citizens in South Korea hold or have held cryptocurrency assets. This statement is the latest example of various political parties actively seeking votes from cryptocurrency holders in South Korea's upcoming presidential election (June 3). Both major political parties have recently proposed multiple policy intentions that are friendly to the cryptocurrency market, but industry insiders have warned that similar promises made in previous elections may not be fully fulfilled, and attention should be paid to subsequent practical actions.

1. Trump claims that the cryptocurrency market is stronger than the stock market 2. Michael Sellers Suggests Buying More Bitcoin 3. Listed companies purchase a large amount of Bitcoin 4. ETF analysts pay attention to Litecoin ETF application 5. Musk replaces X avatar with Meme image 6. Binance adjusts leverage for multi currency contracts 7. Gold supported token minting reaches new high The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/457762

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