Headline
▌Trump: US economy enters "transition period", refuses to rule out possibility of recession
US President Trump refused to rule out the possibility that the US economy will shrink and enter a recession this year, saying his comprehensive economic agenda may cause short-term turbulence, but he believes it will promote future prosperity.
In an interview with Fox News' "Sunday Morning Futures" program, Trump was asked if he expected a recession this year, and he replied: "I hate predicting things like that. There is a transition period because what we are doing is very big. We are bringing wealth back to the United States, which is a big deal."
US Treasury Secretary Bessant also said last week that the US economy may go through a difficult period during this economic transition.
Commerce Secretary Lutnick ruled out the possibility of an economic contraction in a televised speech last Sunday. He said on NBC News' "Meet the Press": "There will be no recession in the United States. The U.S. economy has never been in recession since the outbreak began in 2020."
▌ETH falls below $2,000
The market shows that ETH fell below $2,000 and is now trading at $1,998.2, with a 24-hour drop of 9.43%. The market is volatile, so please do a good job of risk control.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $81,156.47, with a daily increase or decrease of -5.8%;
ETH's latest transaction price is $2,030.54, with a daily increase or decrease of -7.8%;
BNB's latest transaction price is $557.55, with a daily increase or decrease of -6.0%；
SOL's latest transaction price is 127.19 US dollars, with a daily increase or decrease of -7.3%；
DOGE's latest transaction price is 0.1691 US dollars, with a daily increase or decrease of -12.1%；
XPR's latest transaction price is 2.15 US dollars, with a daily increase or decrease of -7.9%。
Policy
▌Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support
The Texas Senate just passed Senate Bill 21 (SB-21) by a huge margin, a big step toward incorporating digital assets into the state’s financial system.
The Texas Senate voted 25-5 to pass the Texas Bitcoin Reserve Act, which would allow the state to invest public funds in Bitcoin and other digital assets.
Under SB-21, the Texas Comptroller would manage the Bitcoin Reserve. The bill allows the state to hold digital assets with a total market value of at least $500 billion. Currently, Bitcoin is the only asset that meets this requirement.
Funding would come from legislative appropriations and donations from private individuals and corporations. The bill also creates the Strategic Bitcoin Reserve Advisory Committee, which would oversee investments and issue reports every two years to ensure transparency and accountability.
Blockchain Application
▌Tom Cat: The company has established the business development direction of "AI+IP+Agent" in the AI business
Tom Cat released an investor relations activity record sheet announcement stating that the company has established the business development direction of "AI+IP+Agent" in the AI business. Focusing on this business development direction, the company will further promote product research and development and upgrading from several dimensions. In terms of product image, the Tom Cat family IP includes 6 classic IP character images. The company will launch AI emotional companion robots with different IP images as soon as possible to meet the needs of different users for different IP images. Based on the deep commonalities in multimodal technology architecture, large model drive, task planning logic, etc., the company will explore the combination with other AI Agents in the fields of ecological collaboration and emotional task execution, and integrate large models, data, and tools into the company's home smart hardware terminals in a multi-dimensional way, promoting the evolution of AI from a single function to an "all-round partner".
Cryptocurrency
▌Grayscale Research Director: Bitcoin further appreciates without relying on US crypto strategic reserves
US President Trump has signed an executive order to establish a strategic Bitcoin reserve and a separate digital asset reserve. In this regard, Zach Pandl, head of research at Grayscale Investments, believes that Bitcoin does not need the US strategic reserve to appreciate further this year. He expects that as the adoption rate increases, the price of Bitcoin will be pushed up. At the same time, Bitcoin will begin to play a role as a means of storing value this year, especially in the case of concerns that Trump's tariff policy may cause inflation to rise again.
▌Michael Saylor's post may hint at buying the bottom of Bitcoin
Strategy founder Michael Saylor posted on his personal social platform that if you still have more than one chair, this is your opportunity. Or hint at buying Bitcoin at the bottom, that is, if you still have extra chairs (that is, funds or resources), then this is a good opportunity to buy Bitcoin.
▌Early Bitcoin Developer Amir Taaki: Cryptocurrency Failed to Realize Its Vision
Taaki said on social media: Crypto failed to realize its vision because no one understood the nature of power. They tried to integrate into the existing system of truth, but instead allowed themselves to succumb to its ideology.
Nevertheless, Taaki also apologized for himself, pointing out that the current state of cryptocurrency is partly due to the inability to put forward convincing proposals outside the centers of power. "The failure is all our fault. We must organize and put forward a coherent vision," he assessed.
▌Elizabeth Warren wrote to David Sachs: How to prevent others from profiting from the government's selective promotion of the value of certain crypto assets
Senator Elizabeth Warren wrote to David Sachs, the cryptocurrency czar, asking "how he will prevent the president and other private individuals from directly profiting from the Trump administration's selective promotion of the value of certain crypto assets."
▌Enigmafund VC founder: BlackRock still holds more than 571,514 BTC
The founder of Enigmafund VC posted on X that BlackRock still holds more than 571,514 BTC (about $48,007,176,000). In the past 7 days, they have sold about 1,621 BTC (currently worth $136,164,000-145,890,000).
▌Over $473 million was liquidated in the past 12 hours, mainly in long positions
Data shows that in the past 12 hours, the total liquidation amount of the entire network reached $473 million, of which the long position liquidation amount was about $427 million and the short position liquidation amount was about $46.3278 million.
▌El Salvador increased its holdings of 5 BTC today, and its total holdings currently reached 6111 BTC
On-chain data shows that 2 hours ago, El Salvador increased its holdings of 5 BTC (US$415,000), and its total holdings reached 6111 BTC, worth US$492.5 million.
Important Economic Dynamics
▌Trump: We are in talks with four different teams about TikTok
US President Trump: We are in talks with four different teams about TikTok; all four teams are excellent.
Golden Encyclopedia
▌What is DeFAI
DeFAI combines the decentralized financial ecosystem of DeFi with AI-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
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