A crypto analyst said the crypto market crash in October will be looked back on as one of the “bottom days in hindsight." A widely used crypto market sentiment indicator has remained in uncertain territory despite improved clarity on trade relations between US and China. It comes as US President Donald Trump reached a trade deal with China this week. However, some crypto analysts suggest the announcement could soon have a positive impact on the crypto market. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 37 on Sunday, up 4 points from its “Fear” score of 33 on Saturday. The slight uptick comes as the White House released a comprehensive statement outlining the trade agreement reached between Trump and Chinese President Xi Jinping. Read more
President Donald Trump has pardoned CZ, marking another act of clemency for a prominent figure in the crypto industry that signals a concerning trend. US President Donald Trump pardoned Changpeng Zhao, also known as CZ, on Oct. 21. The former Binance executive is just the latest on a growing list of convicted crypto executives to receive clemency from the White House. Even on the campaign trail, Trump promised to make an about-face on crypto policy and grant clemency to individuals such as Silk Road founder Ross Ulbricht. The president cited instances of lawfare from the Biden administration as a significant motivator. While starting with Ulbricht in January, the list has grown to include four executives from the exchange BitMEX as well. This has encouraged some high-profile crypto figures behind bars, such as former FTX CEO Sam Bankman-Fried, to make overtures to the Trump administration. Read more
United States President Donald Trump said on Wednesday “nothing” would jeopardise the ceasefire in Gaza, after Israel carried out air strikes on the Palestinian territory accusing Hamas of violating the truce, which the group denied. Gaza’s civil defence agency said that Israeli attacks had killed at least 50 people, including 22 children, and wounded around 200. “At least 50 killed, including 22 children and a number of women and children, as a result of the ongoing Israeli strikes on the Gaza Strip since last night,” Mahmud Bassal, spokesman for the agency, told AFP. Around 200 people were wounded “in a clear and flagrant violation of the ceasefire agreement”, he said, calling the situation in Gaza “catastrophic and terrifying”. Trump defended Israel’s actions on Wednesday, saying it “should hit back” if Israeli soldiers were killed, but added that “nothing’s going to jeopardise” to truce. “They killed an Israeli soldier. So the Israelis hit back. And they should hit back,” Trump told reporters on Air Force...
Truth Social wants to “democratize information” for its 6.3 million users with a social media prediction platform developed in collaboration with Crypto.com. Trump Media and Technology Group (TMTG), a technology and media company co-founded by US President Donald Trump, plans to enable prediction markets on its social media platform, Truth Social. Trump’s Truth Social has partnered with Crypto.com, a major US crypto exchange, to launch the social media prediction market platform called Truth Predict, according to an official announcement on Tuesday. “For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” Trump Media CEO Devin Nunes said. Read more