Headlines
▌Trump Media Group Plans to Collaborate with Crypto.com on ETF Launch
Trump Media and Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with the crypto exchange Crypto.com, planning to jointly launch a series of ETFs and related products through its financial technology brand Truth.Fi, expected to be officially launched in 2025, pending final agreement signing and regulatory approval.
The new fund will be technically supported and crypto asset custody provided by Crypto.com, covering cryptocurrencies such as Bitcoin and Cronos, and will also include securities assets related to the 'Made in America' theme, covering multiple industries including energy. TMTG plans to invest up to $250 million of its own funds, with funds custodied by Charles Schwab.
▌Trump: Possible Tariff Exemptions for Multiple Countries
US President Trump stated on the 24th that he will announce additional tariffs on automobiles, lumber, and chips in the coming days. Trump also said he might exempt tariffs for multiple countries. Since Trump took office in the White House in January this year, the US has frequently wielded the tariff "stick" against major trading partners, provoking retaliatory measures from related countries to protect their own interests.
Market
As of press time, according to Coingecko data:
BTC recent trading price is $87,309.87, daily change +1.3%;
ETH recent trading price is $2,083.86, daily change +4.1%;
BNB recent trading price is $639.18, daily change +2.0%;
SOL recent trading price is $141.09, daily change +6.2%;
DOGE recent trading price is $0.1835, daily change +6.1%;
XPR recent trading price is $2.45, daily change +0.7%.
[The rest of the translation follows the same professional and precise approach, maintaining the specified translations for specific terms.]
Although the trading price is 57% lower than the historical high in 2021, Ethereum's market value remains around $252 billion, higher than global multinational giants like Disney and Toyota, and also higher than the precious metal platinum. Currently, other well-known companies with market values below Ethereum include IBM, McDonald's, General Electric, and Shell. If Ethereum were a company, its market value ranking would be 50th globally, just behind Nestlé.
Important Economic Developments
▌US FBI Establishes Special Task Force for Tesla Threats
The US Federal Bureau of Investigation (FBI) stated on Monday that it has formed a special task force with the US Bureau of Alcohol, Tobacco, Firearms and Explosives to investigate attacks on Tesla. Just hours before this announcement, a bomb squad discovered multiple incendiary devices at a showroom in Austin, Texas, where Tesla's headquarters are located. Tesla (TSLA.O) has been subject to a series of attacks and vandalism due to its owner Musk's role in the Trump administration. "Violent activities against Tesla have increased, and the FBI has been investigating this, taking additional measures to combat and coordinate a response in the past few days," FBI Director Kash Patel said on a social media platform. "This is domestic terrorism," Patel wrote. "Those responsible will be pursued, caught, and brought to justice."
▌ECB Board Member Escriva: Downside Risks to Economic Expectations Outweigh Upside Risks
ECB Board Member Escriva stated that the downside risks to the Eurozone's economic expectations outweigh the upside risks. "More destructive scenarios have not become a reality," the Spanish central bank governor said, "but this does not mean there are no surprises. We need to be more prepared than ever to modify our predictions, so we must remain cautiously relevant." Escriva said, "There are some upside risks, such as fiscal policy, as long as it continues, but downside risks are more apparent." Escriva noted that the current environment is "extremely uncertain," with the US government being the main cause of this situation.
▌US Dollar Index Rises 0.16% on the 24th
The US Dollar Index, which measures the dollar against major currencies, rose 0.16% that day, closing at 104.258 in the forex market.
Jinse Encyclopedia
▌What is a Teardrop Attack in Cryptocurrency?
A teardrop attack exploits the system's method of transmitting and reassembling fragmented data packets by sending overlapping fragments, causing the target system to fail to correctly rebuild these fragments, thus leading to a denial of service. Additionally, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and crypto exchanges, rather than the blockchain infrastructure itself. These services primarily rely on continuous communication between users and servers to ensure seamless transactions and service availability.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes article content for informational purposes only and does not provide actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.
