hey hamsters another brutal crypto Market bloodbath Trump's family love and advice about ethereum new rules at the secc that you didn't expect coinbase's failure to protect users and more let's dive in crypto markets have been bleeding over the weekend bleeding hot Bitcoin alone went as low as $93,000 a Monday the media along with the crypto and finance communities attributed this blood bath to Trump's most recent decisions to impose tariffs Trump put 25% tariffs on Mexican and Canadian Imports with a 10% additional tariff on imports from China the markets did react brutally an exact at an investment firm bitwise thinks that this however is supposed to be good for Bitcoin Jeff bog believes that these political decisions will weaken the US dollar which will lead to the strengthening and therefore rise of Bitcoin meanwhile a member of the Trump family is giving some investment advice with no fear of repercussions Eric Trump the third child of Donald Trump said and I quote it's a great time to add eth you can thank me later funny enough he added the last pot out later we have no information at this time as to why Eric Trump is recommending this but Trump's defi company World Liberty Financial did just buy $5 million more of ethereum what meanwhile writers reports that there are new rules in the SEC house apparently the SEC can no longer pursue companies until they get permission from thece politically appointed leadership interesting times we're living in folks interesting times mhm one more investigation is coming to light a prominent crypto online detective who goes by Zack xbt on X is saying coinbase failed to protect their users who lost over $300 million per year to social engineering scams and as a result the crypto trading platform started to freeze and restrict users accounts stay safe hamsters okay that's all for today thanks for watching subscribe and remember hamsters are power one for all and all for one bye
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January 27, 2025