Trump Reiterates Support for Cryptocurrency at Event
US President Donald Trump reiterated his support for cryptocurrencies during a private “Crypto Dinner” held at his golf club in the Washington suburbs. Despite protests from demonstrators outside, Trump stated on his Truth Social account that the US would “continue to lead in cryptocurrency, Bitcoin, and other areas.” This event is seen as a symbolic step highlighting the Trump administration’s support for digital assets.
EU-US Trade Tensions: Trump Demands Unilateral Concessions
According to a report by the Financial Times, US President Trump is pressuring the European Union to unilaterally reduce tariffs on US goods. However, EU officials have stated that they will not abandon the principle of “reciprocity.” Significant differences remain in digital tax and tariff negotiations, which could lead to a new wave of transatlantic trade tensions in the coming period.
Senators Propose Changes to Stablecoin Regulation
Democratic Senators Schumer, Warren, and Merkley have proposed amendments to the GENIUS Act to prevent the Trump family from profiting from crypto projects such as the USD1 stablecoin. This move aims to limit conflicts of interest at the presidential level. The amendment is seen as a measure against growing concerns over Trump’s ties to World Liberty Financial.
Solana-Based Jupiter Lend Protocol Unveiled
Jupiter announced its new lending protocol, “Jupiter Lend,” at the Solana Accelerate conference. Developed with Fluid, the system offers a 90% loan-to-value (LTV) ratio, promising risk capacity above the industry average. The platform is expected to go live in the summer. The waiting list is now open.
Texas Prepares to Legalize Strategic Bitcoin Reserve Law
Texas Governor Greg Abbott has confirmed that he will approve a bill allowing the state to create a Bitcoin reserve. The governor described this step as “the beginning of a new era for Texas’ finances,” emphasizing the state’s support for Bitcoin as a strategic reserve asset.
Tearline Launches AI-Based FlowAgent to Assist Cetus
Web3 AI platform Tearline has unveiled FlowAgent, its third product developed in response to the Cetus attack. The product aims to provide users with safer and more error-free experiences by automating on-chain transactions through AI. In the promotional video released to support Cetus, the importance of ethical responsibility in technology was emphasized.
Record Inflows into Bitcoin and Ethereum ETFs
On May 22, Bitcoin spot ETFs broke a record with $935 million in net inflows in a single day. BlackRock’s IBIT fund topped the list with $877 million in inflows. The total value of Bitcoin ETFs reached $134.3 billion, representing 6.09% of BTC’s market value. On the same day, Ethereum spot ETFs also saw net inflows of $111 million. Grayscale ETHE and Fidelity FETH led the way with inflows of $43.7 million and $42.2 million, respectively. The total value of Ethereum ETFs surpassed $9.3 billion.
