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šØ Major crypto turbulence right now ā and we need to talk about it. A public clash just erupted between Elon Musk and Donald Trump, and the ripple effect is already hitting the markets hard.
Trump recently labeled crypto a āthreat to the dollarā and suggested that if he returns to office, heāll crack down on digital assets ā especially DeFi platforms and privacy coins. šš£
Elon Musk wasnāt having it. He fired back on X with a bold statement: āCrypto is freedom. Centralized control is the real threat.ā š„ Couldnāt agree more.
This isnāt just another political headline ā itās shaking up portfolios right now. DOGE surged right after Elonās comment, while Bitcoin slipped slightly, with volatility ticking up.
Iām keeping a close eye on $INJ, $XMR, and $KAS ā coins that could spike or tumble fast if new regulations hit. This is more than just a feud ā itās a battle for the future of money: centralized control vs. decentralized freedom. š
Stay sharp ā this could be the storm before the breakout. šŖļøš
In a stunning twist shaking up both Washington and Wall Street, President Donald Trump has announced a full-scale probe into the billions in federal subsidies granted to Elon Muskās companies. šŗšøš„
The investigation will be spearheaded by the Department of Government Efficiency (DOGE) ā a once-satirical agency ironically promoted by Musk himself. This isnāt just political noise. Trumpās move could mean serious cuts to funding streams for tech giants like SpaceX and Tesla. š°ļøšš°
The announcement follows a heated clash between the two power players after Musk blasted Trumpās latest legislative effort, dubbed the "Big, Beautiful Bill." Trump fired back on Truth Social, saying:
āElon may get more subsidy than any human being in history⦠Without subsidies, Elon would probably have to close up shop⦠BIG MONEY TO BE SAVED!!!ā
This marks a dramatic breakdown in their previously cordial relationship. Tesla stock dipped following the news, and market watchers are bracing for further fallout.
With egos, billions, and the future of U.S. innovation on the line, the standoff between Trump and Musk is far from over. Who will blink first? šš
Bitcoinās Unrealized Profits Near Record $1.2 Trillion as HODLing Dominates Market Behavior
Bitcoin investors are holding onto their assets despite soaring unrealized profits, which have now reached an estimated $1.2 trillion ā close to all-time highs ā according to a new report from blockchain analytics firm Glassnode.
The firm notes that a āsuper-majorityā of investors are choosing to HODL rather than sell, indicating strong confidence in Bitcoinās future price potential. Selling pressure from short-term holders is declining, while long-term holders now dominate the circulating supply.
āFollowing a recovery to $107,000, a super-majority of Bitcoin investors are now sitting on unrealized gains,ā Glassnode reported on Tuesday. The analysis also highlights that Bitcoin has found solid support around $98,300 ā the average acquisition price for short-term holders (those holding BTC for less than 155 days).
Despite trading 5.5% below its all-time high of $111,970, bullish sentiment is rising, with many investors seemingly waiting for a more decisive breakout before taking profits.
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has approved the transformation of Grayscale's Digital Large Cap Fund into an exchange-traded fund (ETF), giving investors broader access to a basket of digital assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).