Eric Trump: “Great time to buy ETH”

Eric Trump recently made waves in the crypto community with his endorsement of Ethereum ($ETH). In an X post, he stated, “In my opinion, it’s a great time to add $ETH. You can thank me later.” This sparked excitement and debate among investors.

Optimism for Ethereum’s Future

Trump’s statement suggests he sees strong potential for Ethereum. While he didn’t specify reasons, many believe ETH is well-positioned for growth due to rising adoption and the expansion of DeFi. Ethereum, the second-largest cryptocurrency, is integral to many blockchain applications. With Ethereum 2.0 bringing improvements in speed and fees, experts see it as a solid long-term investment.

Institutional interest is also growing, with more businesses integrating Ethereum into their ecosystems. However, crypto remains volatile, and regulatory uncertainty could impact future price movements. Some skeptics warn that ETH might experience further fluctuations before a sustained rally.

Trump’s Crypto Holdings

Trump’s World Liberty (@worldlibertyfi) recently increased its Ethereum holdings by purchasing 1,826 $ETH for $5M. This brings their total ETH holdings to 61,114 ($205M), though they are currently facing a $31M loss.

In addition to buying ETH, World Liberty transferred large amounts of crypto to Coinbase Prime, including 86,296 $ETH, 647 $WBTC, and other major tokens like $LINK, $AAVE, and $ONDO.

While Trump’s bullish stance on ETH suggests confidence, investors must weigh the risks before following suit.

Source: Altcoinbuzz

Cardano CEO predicts U.S. will drive global crypto adoption

Charles Hoskinson, CEO of Cardano, has predicted that the United States will be a key player in global crypto adoption. He believes that blockchain will soon integrate into core systems like government, voting, payments, and digital identification. If the U.S. moves forward, he expects 20 to 50 other countries to follow.

Hoskinson sees blockchain as a game-changer for voting systems, offering a secure, transparent, and tamper-proof way to cast votes. This could enhance election security, making voting faster and more accessible. The use of blockchain in government payments and identification could also modernize outdated systems, reducing inefficiencies and cutting bureaucratic red tape.

Beyond governance, Hoskinson’s comments suggest that major developments are on the way for the Cardano ecosystem. He hinted at significant deals in February and mentioned an upcoming meeting with a “very special” individual, fueling speculation about new partnerships or innovations.

With blockchain adoption accelerating worldwide, Hoskinson’s vision highlights the growing role of decentralized technology in transforming both public and private sectors. If the U.S. embraces blockchain fully, it could set a global precedent for digital infrastructure.

Source: Altcoinbuzz

MicroStrategy halts bitcoin purchases

MicroStrategy has ended its 12-week Bitcoin buying streak, raising questions about market volatility, U.S. tariffs, and potential tax liabilities. The company now holds hundreds of thousands of BTC worth billions of dollars but did not add to its holdings this week.

Michael Saylor confirmed the pause, stating that no new Class A shares were sold to finance Bitcoin purchases. This marks a shift in the company’s aggressive accumulation strategy and sparks speculation about its next steps.

The decision may be linked to recent Bitcoin price volatility, worsened by new U.S. import tariffs and economic uncertainty. Potential tax obligations on unrealized profits, which could amount to billions, may also play a role.

Since October, MicroStrategy has consistently bought Bitcoin, often funded by stock issuances. The fact that this financing method has now been paused suggests that the strategy may no longer be sustainable.

The market correction, partly driven by U.S. tariffs on China, Mexico, and Canada, could have influenced the decision. Despite short-term price declines, Bitcoin remains in a bullish cycle, meaning MicroStrategy’s unrealized profits remain substantial.

It remains unclear if and when MicroStrategy will resume its purchases. Michael Saylor has not provided any clear signals, but the company remains committed to its Bitcoin strategy, indicating that it continues to view cryptocurrency as a valuable long-term investment.

Source: Coinpaprika