In a 60 Minutes interview, Donald Trump responded to questions about his pardon of Changpeng Zhao (CZ), founder of Binance, saying, “I don’t know who he is,” despite granting the clemency. Trump attributed the pardon to a “witch‑hunt” by the prior administration and emphasized that his sons are in the crypto industry but “they’re not government officials.” https://t.co/ueLlFmmcX5 ...

In a 60 Minutes interview, Donald Trump responded to questions about his pardon of Changpeng Zhao (CZ), founder of Binance, saying, “I don’t know who he is,” despite granting the clemency. Trump attributed the pardon to a “witch‑hunt” by the prior administration and emphasized that his sons are in the crypto industry but “they’re not government officials.” https://t.co/ueLlFmlF7x ...

Industry Problem - "Sunk-cost-maxxing" is hindering long-term development in the crypto industry [1] - Constant pivoting prevents the building of lasting projects [1] Opinion - Ten Protocol's Rosie Sargsian identifies this as a major issue for crypto [1]

ETF Product - REX IncomeMax ETF 利用加密货币公司波动性，将价格波动转化为每周收入 [1] Investment Strategy - 该ETF投资于波动性大的加密货币公司 [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

🔵 TOKEN ANALYSIS: $LINK - @chainlink has percolated into every corner of the crypto industry... Now's the time to understand its native token https://t.co/drYUJQIlbE ...

Core Insights - Farcaster, a crypto-based social media platform, raised $150 million in a Series A funding round but currently struggles with user engagement, having fewer than 5,000 daily users [1][7] - The trend of secondary sales in the crypto industry allows founders to cash out early, raising questions about the impact on startup incentives and the overall culture of quick wealth accumulation in crypto [3][10][20] Funding and Performance - Farcaster's Series A funding included $15 million in secondary shares sold by founder Dan Romero, highlighting the trend of founders benefiting financially before their companies prove successful [2][4] - Bam Azizi's company, Mesh, raised $82 million in a Series B round, which also included $20 million for Azizi himself, illustrating the common practice of founders receiving significant payouts during funding rounds [5][24] Market Dynamics - The current crypto market is characterized by a surge in secondary sales, driven by high investor interest and competition among venture capital firms [10][22] - The crypto industry has a history of founders receiving large sums in bull markets, reminiscent of past initial coin offerings (ICOs) that often resulted in project failures [14][15] Investor Considerations - Secondary sales present risks for investors, as they typically receive common shares with fewer rights compared to preferred shares, raising concerns about accountability and the future success of startups [13][24] - The culture of early payouts for founders may not necessarily diminish their motivation to build successful companies, as seen in the case of MoonPay, which continues to thrive despite media scrutiny [24]

Core Insights - Mastercard is close to acquiring Zerohash for approximately $1.5 to $2 billion as part of its strategy to expand in the crypto space [1] - The acquisition aims to enhance Mastercard's capabilities in handling stablecoins and blockchain-based payments, allowing better control over money movement across its network [2] - If successful, this would mark Mastercard's largest move in the crypto sector, reflecting a trend among major financial companies towards blockchain for efficient international transfers [3] Group 1: Acquisition Details - Zerohash, founded in 2017, provides backend support for fintechs and financial institutions to integrate crypto features via APIs, including custody, conversions, and payouts [1][6] - The acquisition could enable Mastercard to offer faster, programmable payouts that operate continuously, similar to crypto transactions [4] Group 2: Market Context - The demand for 24/7 transaction support is driving banks to explore blockchain solutions, positioning companies like Zerohash as essential intermediaries between traditional banking and crypto systems [5] - The integration of Zerohash would simplify the process for fintechs and merchants to adopt crypto, particularly for payrolls and supplier payments, due to the instant settlement and clear record-keeping offered by stablecoins [7] Group 3: Competitive Landscape - The competition in the crypto space is intensifying, with Stripe acquiring a similar company, Bridge, for $1.1 billion, and Coinbase in discussions to acquire BVNK [3]