As the article was being prepared, Trump made significant statements suggesting an intention to de-escalate tensions. Just a few minutes earlier, it was announced that Coinbase’s investment arm had allocated capital to a new altcoin. These two critical developments took place back-to-back, keeping the cryptocurrency sector abuzz with activity.
TON Coin Announcements
The official TON account announced the inclusion of Coinbase Ventures among its institutional investors. Cryptocurrency exchanges often have investment branches that allocate capital to promising projects they believe will generate profit. This practice was more prevalent in 2021, and such announcements used to have significant impacts on altcoin prices.
Since April, TON Coin has not reached the $4 mark, showing little reaction to the recent announcement. “The TON Foundation is delighted to announce that Coinbase Ventures holds Toncoin. As one of the most renowned investors in the Web3 space, Coinbase Ventures joining the growing ranks of Toncoin investors is a significant indicator of the trust in The Open Network’s future,” the statement shared.
Although we cannot disclose the size of their positions, their support is highly meaningful. It is yet another strong sign of belief in our mission: bringing cryptocurrency to the masses through real utility, real adoption, and real ownership, facilitated by Telegram’s billions of users.
Trump’s Statements
The foundation of today’s market rise is the Trump and Nvidia agreement, which the president confirmed a short while ago. In his discussions about Russia, tariffs, Nvidia, and other topics, Trump maintained a relatively calm demeanor. His remarks, such as terming the Friday meeting as a “get-to-know-you,” may disappoint investors who had placed significant expectations on the meeting.
“We’ll see what happens with the deadline tomorrow concerning the China tariffs. The meeting with Putin is preliminary. I’ll tell him to end the war. I expect constructive talks with Putin. His visit to the U.S. is a gesture of respect. I’ll call European leaders after meeting with Putin. I want to meet with Zelensky and Putin. We’ll try to reclaim some territories for Ukraine, and there will be territorial exchanges and changes. I’ll assess the conditions and perhaps depart, wishing them good luck. I anticipate increased trade with Russia following the Ukraine agreement. I’m currently engaging with EU leaders.” Trump articulated.
Regarding tariffs, Trump said, “If I approve chip exports, I want 20%. We reduced it to 15% in the chip deal. Nvidia CEO Huang may come to see me again about the new chip. I think there will be another meeting concerning the Blackwell chip.”
