BTC breaks through the $110000 mark

According to The Block, US President Trump's eldest son Donald Trump Jr. and second son Eric Trump predicted at the Bitcoin 2025 conference in Las Vegas that the price of Bitcoin may exceed $170000 by the end of 2026. Eric revealed that Michael Saylor, the founder of MicroStrategy, had suggested that the Trump family mortgage their Mar-a-Lago estate to invest in Bitcoin and guided them in establishing a cryptocurrency asset reserve strategy. The Trump family has recently ventured into the cryptocurrency industry with multiple businesses: its parent company, Truth Social, plans to raise $2.5 billion to establish a Bitcoin reserve; Joint venture mining company American Bitcoin plans to go public through SPAC; The World Liberty project plans to launch stablecoins.

According to Decrypt, stablecoin issuer Circle has recently frozen two Solana wallet addresses related to the Libra token team, involving approximately 58 million USDCs. The blockchain explorer Solscan shows that frozen addresses hold 44.59 million and 13.06 million USDC respectively. This freeze is due to the legal dispute caused by the meme coin Libra incident. The token has been accused of a high selling scam due to its market value soaring to billions of dollars after being promoted by Argentine President Javier Milei in February, and then plummeting by 90%. Burwick Law Firm, which focuses on the field of encryption, stated that the freeze was requested as a temporary restraining order in response to their application; The plaintiff Martin Romeo in the Argentine lawsuit stated that the freeze was initiated by the Argentine judiciary.

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The country's market regulator's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.

OKX-BTC/USDT is currently trading at $106982.10, with a 5-minute increase of 0.03%. Please be aware of market fluctuations.