Trump-To-Launch-Crypto-Platform-Binance

Nadia Tahir

9/21/2024

Transcript

00:00Now let's head to the crypto space.

00:02Something interesting going on there.

00:04Mr. Donald Trump is in the news.

00:06He's set to launch a project,

00:08his son's project actually, by Monday.

00:11I wonder how the markets will react to this

00:14over the weekend up until Monday.

00:16But we'll talk about that in a bit.

00:17Let's look at the numbers right now.

00:19See what the price of Bitcoin is at this time.

00:23We see it's a slight movement and still below 60,000,

00:28but, well, it's a green after all.

00:31It doesn't matter how many green, yeah?

00:33So it's 0.02% increase in the last hour.

00:36So 58,100.52 is the price of Bitcoin at this time.

00:40Ethereum is also up, down slightly, very slight, 0.01%.

00:45$2,354.29.

00:49BNB is in the red, TORN is green.

00:53A lot of movement around TORN these days.

00:54Cardano, DOTS, DOGE.

00:58Mixed color we see right here.

01:00So let's talk about some of the other things,

01:02the headlines, like we told you.

01:04There you have the sentiment at this time.

01:06It's a fair market trading at this time

01:10in the crypto space.

01:11But let's see the headlines there.

01:13So we did see that Mr. Donald Trump

01:17is set to launch that project on Monday.

01:21Former President Donald Trump saying

01:25that it actually belongs to his son,

01:29Donald Jr. and Eric,

01:31and it's called World Liberty Financial.

01:34It's a crypto platform that'll be controlled by the sun.

01:38I said this, of course, election in the United States

01:42about 50 days ago.

01:43We know that Trump is a pro-crypto candidate.

01:47So I wonder how this will play out.

01:51I don't know if you watched that debate with the Democrats,

01:55but the Republican former president

01:58has mixed his political and business interests

02:02and marketed sneakers and all of that

02:04now is going into crypto.

02:07Let's see how this will shape that election.

02:10Also today, Binance announced a launch poll for Hamster.

02:14Hamster, of course, I think Hamster Combat,

02:18counting down to September 26th,

02:20has been in the news and catching a lot of attention

02:23and all of that.

02:24But now let's speak to Solomon, Solomon Amundi,

02:26and hear his comments and observations on these

02:30and a whole lot more.

02:31Hi, Solomon, good afternoon.

02:35As-salamu alaykum.

02:37So this Trump, it's not his project, it's his son's project,

02:42but obviously Mr. Trump has owned it.

02:45And we wonder, 50 days to election,

02:48which way or the other this could push the market?

02:52I don't think it will have so much impact

02:55in the price action of Bitcoin currently,

02:58and because we're already at the resistance zone,

03:01which is around $58,000.

03:03So that's why we didn't see much of an impact.

03:06Well, I feel that was a welcome news.

03:09It just means President Trump is showing his commitment

03:14to what he will do once he becomes

03:16the newly elected president of the United States of America.

03:20So that's just what he's showing.

03:22So I think that's a positive move on his own side

03:25to show and reassure the crypto community

03:27that he's in for them,

03:29and he'll be ready to do the needful

03:30once he gets elected as the US president.

03:34So do you think this will make crypto regulation easier,

03:38a softer landing for crypto?

03:40Or do you think this is just a way

03:42to get some political points?

03:43And after election is over, we hear some silence.

03:49I think it will definitely make things easier

03:52for the crypto ecosystem,

03:54which hasn't had it easy for over the last four years.

03:57Well, I think it will definitely make things easier

04:01if he is elected as the president.

04:02So I don't think he's just making false promises.

04:05I think he means it actually.

04:07All right, we'll see.

04:09So Binance has announced a launch poll for Hamster.

04:12What does this mean for those Hamster fans

04:15and the way they've been investing their energy

04:18and effort and data?

04:20What does it mean for them?

04:23It's actually a very welcomed news,

04:25and the Hamster community, they are very excited about it.

04:28I mean, most persons have been anticipating

04:31and waiting for this.

04:33And personally, I feel it was a no-brainer.

04:36It was just a matter of time

04:37because Hamster is one of the most successful

04:40telegram app.

04:42We also saw the owner of Telegram make a comment

04:44about them two, three months ago.

04:46So it was a no-brainer, so it's just about time.

04:49So I think it's a very, very good move.

04:50It's a positive move.

04:51Binance has shown commitment.

04:53They sell most community-related projects.

04:56I think they should continue doing so.

04:57So it's a welcome development.

04:59So what does it exactly mean for Hamster fans?

05:05I don't know how you call them, the community.

05:08This connection with Binance, what does it ease for them?

05:11So what does it mean for them?

05:14Majorly, it's more like an endorsement

05:16that they were never wasting their time

05:18farming the Hamster tokens.

05:20So it shows belief that they can also do the same

05:24with some other similar Telegram mini-apps

05:27that will be released or some that already existed.

05:29So it's a reward for the time spent on the platform

05:33for the past six months or thereabouts,

05:35and also people that have spent so much money

05:37trying to farm the Hamster token.

05:40So it's actually a positive news for them.

05:42And it also means that the token would perform well

05:46once it's listed, because we know Binance

05:49has the most liquidity in all centralized exchanges.

05:51So it means that the token will surge positively

05:54and they are optimistic that it'll make so much money.

05:57And this countdown to September 26,

06:01is it too late for some people to start farming?

06:05Is there any way to optimize the potential benefits

06:09ahead of September 26?

06:13Yeah, for those with deep pockets,

06:15it's easy for them to take advantage of this

06:17and because of what they just need to do is

06:20send some funds to Binance

06:22and farm it on the Binance pool that they created.

06:25That's like the fastest and easiest way

06:27to be able to make free money.

06:29Like we already have some persons

06:30that have deposited about $10,000

06:33and they are farming the project already.

06:35So that's like the easiest way.

06:37But for those that can't afford to move over

06:41that amount of liquidity to Binance

06:43and lock it up in the pool,

06:45they can choose to keep playing the game

06:47and looking for ways within the game

06:48to be able to farm the tokens.

06:50That's just majorly the best way out of it.

06:53All right, Solomon.

06:54Finally, now, where do you see the price, Bitcoin?

06:58Which way do you see it going this weekend?

07:01Yeah, I think we're seeing the month of September.

07:03We are already at mid-month.

07:05We are seeing the resistance at around 58, 400.

07:09So I'm expecting them Bitcoin to retrace

07:12to about $56,000 again,

07:15over the weekend to like Monday.

07:17I'm not expecting it to go up to $59,000.

07:20I'm not expecting that currently.

07:22So I expect a retracement.

07:24All right, retracement is the expectation.

07:26I'm Solomon Amundeh.

07:26Thank you so much for your views this afternoon.

Trump-To-Launch-Crypto-Platform-Binance

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