Aaron Feuerstein

1 week ago | cryptonews.com.au | Aaron Feuerstein

The US Fed held rates steady as Powell awaits tariff impact data, whilst the Bank of England maintained 4.25% but signalled possible August cuts, and European nations including Switzerland cut to 0% with hints of negative rates. Bitcoin remains choppy at US$104,735, essentially flat from a week ago despite institutional interest, as long-term holders appear to be taking profits off the table.

1 week ago | cryptonews.com.au | Aaron Feuerstein

Trump-affiliated entity DT Marks DEFI LLC has reduced its ownership in World Liberty Financial from 60% to 40%, following earlier cuts from an original 75% stake. World Liberty Financial, launched during Trump’s 2024 campaign, offers non-resalable tokens with 75% of proceeds going to Trump and his family after the first US$30 million. Harvard’s Steven Levitsky has called Trump’s crypto involvement one of the largest displays of government corruption in modern history.

1 week ago | cryptonews.com.au | Aaron Feuerstein

Crypto markets remain flat as investors await developments regarding Middle East tensions and uncertainty over US involvement in Israeli-Iranian conflict. The Federal Reserve maintained interest rates and suggested cuts may come in late 2025, with Chair Powell warning that Trump’s tariffs could drive meaningful inflation. Bitcoin ETFs have recorded seven consecutive days of net inflows totalling 1.22 million BTC, primarily led by BlackRock’s strong performance.

1 week ago | cryptonews.com.au | Aaron Feuerstein

TRON founder Justin Sun is pursuing a reverse merger with Nasdaq-listed toy manufacturer SRM Entertainment to fast-track entry into US public markets. SRM will purchase over US$100 million of TRON’s TRX tokens and rebrand as Tron Inc., with Sun joining as an adviser to bypass the lengthy IPO process. Sun has spent at least US$75 million on Trump’s World Liberty Financial token and attended exclusive dinners, raising conflict-of-interest concerns.

1 week ago | cryptonews.com.au | Aaron Feuerstein

Bitcoin reached above US$108k but dropped to US$106k by Tuesday morning Australian time, falling nearly 2% over the past week. Institutional adoption continues strongly with MicroStrategy adding 10,100 more Bitcoin to reach 592,100 BTC total, whilst US spot ETFs saw over US$1 billion inflows last week. Escalating Israel-Iran conflict has investors concerned about potential market impacts, particularly if Iran closes the Strait of Hormuz affecting oil and shipping.