Hold $TRUMP, have dinner with Trump?

Trump coin pumps on political promises. Ethereum gets called out by its own co-founder. Binance fuels Bitcoin’s rise. And Tesla? Well... it’s not looking good. We unpack it all.

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Cryptopolitan News
April 24, 2025 • Estimated Reading Time: 10 minutes

Hello, and welcome to the Cryptopolitan Daily.

The crypto market never sleeps, and neither do we. Whether it’s breaking news, market shifts, or regulatory updates, we’re here to bring you the insights that matter—fast, sharp, and to the point.

📬 Today’s Byte

• Hold $TRUMP, have dinner with Trump?

• Ethereum has 15 years left?

• Buyers on Binance led the Bitcoin rally

• Market Watch: Tesla’s shocking quarter

Market-moving headlines 🔥

After more than a decade of regulatory ambiguity, US lawmakers are opening federal doors to the stablecoin market.

Metaplanet built up its treasury to 5,000 BTC with ongoing acquisitions in the past week. The Japanese company allocated another $13.4M to BTC, at an average price of $89,900. 

The Kuwait Ministry of Interior (MoI) has issued a statement saying that crypto mining in the country is illegal and unlicensed.

The global digital assets market took a step back on Thursday morning as Bitcoin (BTC) dropped below the $92K mark.

🇺🇸🍴 Hold $TRUMP, have dinner with Trump?

The official TRUMP coin surged 65% in a single day — jumping from $9 to nearly $15 — after the project announced that the top 220 holders would be invited to a private dinner with Donald Trump.

Source: Coingecko

🍽️ The dinner is scheduled for May 22 at Trump National Golf Club in Washington, D.C.

The more $TRUMP you hold and the longer you hold it, the higher your rank. 

👉 Top 25 holders get a special pre-dinner reception with Trump.
👉 Top 15 get an added bonus: a VIP tour of the White House.

The spike came just days after $300 million worth of locked TRUMP tokens were released into circulation. With another $600 million unlock coming in July, the dinner announcement may be a way to keep holders from dumping their tokens.

After the announcement:

  • $3.37 billion in trading volume

  • Over 1,500 TRUMP/USDC transactions

  • Price has cooled slightly to $13, but it's still up 43% on the day

Senator Chris Murphy says it looks like a "backdoor bribery scheme," giving wealthy individuals a chance to quietly buy access to a presidential candidate. No confirmation from the White House on the tour. But TRUMP-linked entities do appear to hold a significant portion of the supply.

⏳ Ethereum has 15 years left? Hoskinson doesn’t think so

Charles Hoskinson, founder of Cardano and once a co-founder of Ethereum, believes ETH might not survive more than another decade.

In a recent AMA, he pointed to Ethereum’s consensus model, protocol structure, and governance as long-term weaknesses. He compared ETH’s path to BlackBerry—innovative early, but unable to adapt.

His main critique?

Hoskinson called Ethereum’s Proof-of-Stake model inefficient, layer-2s parasitic, and off-chain governance a drag on decision-making. In his view, these choices are fragmenting the chain instead of strengthening it.

What’s his solution?

He backed:

  • Delegated Proof-of-Stake

  • Fully on-chain governance

  • Cutting dependence on layer-2s—even if it causes a split

Hoskinson claims Cardano is already where Ethereum needs to be, with a complete roadmap and stronger architecture. He also flagged Solana and Sui as contenders.

🥇 Buyers on Binance led the Bitcoin rally

Bitcoin’s recent jump to nearly $94,000 wasn’t random — it was Binance buyers leading the charge.

Over the past week, traders on Binance started showing serious conviction, aggressively buying BTC instead of placing limit orders. That means they weren’t waiting around for the right price — they were hitting the market, driving demand higher, and pushing prices up fast.

Binance saw a shift to more aggressive buying as reflected in the market taker buy/sell ratio, accelerating BTC demand in the past week. | Source: Cryptoquant

At one point, more than 2,400 BTC were scooped up in minutes. This kind of market-taker activity signals strong belief in Bitcoin’s direction. It doesn’t always guarantee price growth, but it shifts sentiment — and it clearly did this time.

The numbers back it up:

  • The market taker buy/sell ratio on Binance is up nearly 19% in the past month.

  • It jumped over 6% just last week.

  • Binance alone drove about 6.2% of all BTC market activity globally.

As aggressive buying ramped up, BTC surged. After Easter weekend, demand spiked again, pulling Bitcoin to this month’s high before pulling back to $92.5K.

Binance also saw a steady outflow of BTC — a sign whales are moving coins to cold wallets, not exchanges. That trend is tightening supply. In fact, BTC reserves across all exchanges are at an all-time low: just 2.53M BTC left.

Layer in ETF buying pressure, and you’ve got a recipe for Bitcoin scarcity. This rally isn’t just about hype — it’s about fundamentals shifting.

📉 Market Watch: Tesla’s shocking quarter & Musk’s image crisis

Tesla just posted one of its worst quarters ever — and a new survey shows half of America dislikes Elon Musk.

Between January and March, Tesla stock dropped 36%, its third-worst quarterly performance since going public.

Source: Google Finance

Analysts blame two things:

  • Weak EV sales

  • Musk’s political distractions

Wall Street has slashed Tesla’s revenue and profit forecasts, with sales falling to a 3-year low. And with no new model in sight, Tesla’s momentum is slipping fast.

 Investors want focus, not drama

From teasing self-driving cars to dabbling in politics and Dogecoin memes, Musk has investors begging for a serious reset. Tesla's summer product timeline is unclear, while rival EV makers are gaining speed.

Public opinion hits a new low

A CNBC poll shows:

  • 47% have a negative view of Tesla

  • 50% dislike Elon Musk

  • Democrats rate him net -82, Independents -49

⭐️ In the spotlight

Ethereum Foundation to make terms with SEC?

Follow @CPOfficialtx on X and don’t miss out on the live coverage of this historic meet.

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