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Trump's Son: Traditional Banks Urgently Need to Change Their Operations, Blockchain Technology Is More Efficient Than Current Traditional Financial Operations

3 hours ago

On April 30th, Eric Trump, the son of former U.S. President Donald Trump, issued a warning to the banking industry, stating that if they didn't change their ways, they would face extinction. He pointed out that "the modern financial system has collapsed, with slow speeds and high costs." Eric Trump said on Tuesday, referring to the global financial transaction messaging network SWIFT, that "everything that can be done on the blockchain is more efficient than the current operating methods of financial institutions. SWIFT is a disaster." He severely criticized the slow and inefficient nature of the traditional banking system, calling it "outdated." This is a common criticism held by many, especially cryptocurrency enthusiasts. In recent years, as the son of the former U.S. President, Eric Trump has made frequent visits to the UAE. As the Trump brand continues to expand its real estate projects in the country and the wider Gulf region, the desert emirate is rapidly emerging as a global cryptocurrency hub. As a strong supporter of digital currency, Eric Trump predicted at the Bitcoin MENA 2024 conference in Abu Dhabi last December that the price of Bitcoin would reach $1 million.
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PUNDIX surges over 50% in 24 hours, reaching a market capitalization of $1.46 billion

On April 30th, Binance announced the launch of the PUNDIXUSDT perpetual contract today. PUNDIX witnessed a 24-hour gain of 54.2%, pushing its market value to $1.46 billion. Pundi X is a blockchain-based payment solution provider that aims to promote the real-world adoption of cryptocurrencies through technologies such as its point-of-sale terminal (XPOS).

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OKX CEO Star: OKX Pay Will Become the Gateway for Billions of Users to Enter Web3

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6 minutes ago

Analysis: Euro Area Economy Stronger Than Expected, But Potential Growth Momentum Has Significantly Weakened

On April 30th, the data indicates that the Eurozone economy witnessed a faster growth than anticipated in the first quarter, presenting a mild improvement at the outset of 2025. Eurostat announced that driven by the swift economic growth in Spain, the GDP of the Eurozone in Q1 increased by 0.4%, outperforming the expected 0.2%. Nevertheless, the potential growth trend has significantly weakened as the data was skewed by Ireland's 3.2% growth, mainly attributed to the activities of large foreign companies in Ireland for tax purposes. Germany, the largest economy in Europe, only saw a 0.2% growth in its GDP, France grew by 0.1%, and Italy grew by 0.3%. This indicates that excluding Ireland, the economic growth of the Eurozone is close to the economists' expectation of 0.2%. The European Central Bank has stated that apart from the trade war, the financial market turmoil triggered by U.S. policies and the widespread deterioration of market sentiment will all restrain economic growth. Alt

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ALPACA Price Flash Crash, Plunges Over 50% in 5 Minutes

On April 30th, based on market data, the spot price of ALPACA underwent a flash crash. It dropped by more than 50% within 5 minutes, temporarily falling to around $0.50. Now, it has rapidly rebounded to $0.7567.

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Gate.io will list BSquared Network (B2) for spot trading

On April 30th, as per an official announcement, Gate.io is scheduled to list the spot trading of BSquared Network (B2) at 20:00 (UTC+8) on April 30th.

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Euro Area first-quarter GDP growth rate came in at 1.2%, above the expected 1.1%.

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