Ethereum's Value Storage Theory Questioned, Trump Discusses Similarities Between Cryptocurrencies and Traditional Assets

The "ETH value storage theory" proposed by Ethereum founder Vitalik has been questioned, suggesting that it should not come at the expense of L1 transaction fee revenue. Trump stated that past presidents also held important assets like oil, believing that cryptocurrencies are similar to traditional commercial assets. Additionally, Trump mentioned that he is a co-owner of World Liberty Financial, although he is not familiar with the company's business. The founder of Ethereum News Weekly predicts that Pearl is likely to surpass Bitcoin. Musk voiced support for Jensen Huang, calling him one of the greatest entrepreneurs of this generation and asserting that his contributions to AI development in the U.S. are irreplaceable. Abraxas Capital has accumulated profits of $428.56 million and currently holds a short position of $1.05 billion. The head of research at Galaxy noted that Bitcoin closed below its 50-week moving average for the first time after staying above it for seven consecutive weeks.

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