The de-escalation of tensions and growing odds of a trade deal between the US and China are positive price catalysts for cryptocurrencies. United States President Donald Trump confirmed on Sunday that he is meeting with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea, slated to begin on October 31. “We're going to meet in a couple of weeks. We're going to meet in South Korea, with president Xi and other people, too,” Trump told Maria Bartiromo of Fox News, following a de-escalation of trade tensions between China and the US. Trump said on Sunday: Trump previously said there was “no reason” to meet Xi Jinping at the APEC summit in South Korea, followed by an announcement of additional trade tariffs on China, which sent crypto markets into a downward spiral, wiping away 99% of value on some altcoins. Read more
US President Donald Trump suggested on Friday it would be premature to give Tomahawk missiles to Ukraine, saying as he hosted Volodymyr Zelensky that he hoped to secure peace with Russia first. “Hopefully, they won’t need it. Hopefully we’ll be able to get the war over with without thinking about Tomahawks,” Trump told journalists, including an AFP reporter, as the two leaders met at the White House. Trump added that he was confident of getting Russian President Vladimir Putin to end the invasion he launched in 2022, following a phone call with the Kremlin chief a day earlier. The US and Russian presidents agreed on Thursday to a new summit in the Hungarian capital, Budapest, which would be their first since an August meeting in Alaska that failed to produce any kind of peace deal. “I think that President Putin wants to end the war,” Trump said. But Zelensky, who wore a dark suit for his third meeting with Trump in Washington since the US president’s return to power, demurred, saying that Putin was “not ready...
Representatives from Gemini, Ripple and Coinbase were reportedly in attendance at the fundraising dinner at the White House on Wednesday evening. US President Donald Trump hosted a dinner for companies pledging funds to build a new ballroom in the White House, with attendees reportedly including Gemini co-founders Cameron and Tyler Winklevoss, and executives from Coinbase and Ripple. According to a Wednesday Wall Street Journal report, among the donors and attendees of the dinner at the White House were the Winklevosses and representatives from Coinbase Global and Ripple Labs. The dinner was reported to be aimed at funding for the White House ballroom proposed by Trump in July, which was estimated to cost $250 million. The ballroom is projected to add about 90,000 square feet — 8,361 square meters — to the White House. Cointelegraph reached out to Coinbase, Ripple, Gemini and the White House for comment on the amount of the donations, but had not received a response at the time of publication. Read more