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Here’s a draft article about Donald Trump’s crypto journey, designed in a professional news-article style: Donald Trump’s Evolving Crypto Journey: From Skeptic to Strategic Advocate May 3, 2025 — Washington, D.C. In a surprising transformation that has captivated both political and financial circles, former U.S. President Donald J. Trump has shifted from a vocal critic of cryptocurrency to a bold proponent of Bitcoin and blockchain innovation. 2019–2021: A Harsh Critic During his presidency, Trump made headlines by denouncing Bitcoin as a “scam” and criticizing cryptocurrencies for enabling “unlawful behavior.” His administration favored a strong U.S. dollar and imposed a cautious regulatory stance on digital assets, which left crypto enthusiasts wary of government intervention. “I am not a fan of Bitcoin and other cryptocurrencies,” Trump tweeted in July 2019. “Unregulated crypto assets can facilitate unlawful behavior.” 2022–2023: NFTs and First Signs of a Shift The turning point came in late 2022, when Trump launched his own series of NFT trading cards on the Polygon blockchain. The collection, initially mocked, sold out within 24 hours and earned millions. This move marked Trump’s first foray into the crypto space—not as a policymaker, but as a direct market participant. “They’re beautiful cards,” Trump said in a promotional video. “Kind of like baseball cards, but hopefully much more exciting.” 2024: Campaigning with Crypto Rhetoric During the 2024 presidential campaign, Trump began to subtly embrace crypto-friendly rhetoric. As inflation and distrust in centralized banking grew among voters, Trump recognized digital assets as a potent issue among younger and libertarian-leaning Americans. He hinted at potential crypto deregulation and a more open-minded approach to blockchain technology. These statements gained traction, especially as his Democratic opponents pushed for tighter regulations. 2025: Strategic Bitcoin Reserve and Policy Push In a landmark move, President Trump (now back in office) signed an executive order in April 2025 establishing a Strategic Bitcoin Reserve. The U.S. Treasury reportedly holds over 200,000 BTC, acquired via seizures, auctions, and mining partnerships. The policy aims to strengthen America’s financial autonomy, counterbalance inflation, and position the U.S. as a leader in the digital economy. “We will lead the future of finance,” Trump said at a press conference. “America will not fall behind China or anyone else in the blockchain revolution.” Future Plans: Truth Social Token and Beyond Trump’s social media platform, Truth Social, is reportedly planning to launch a native cryptocurrency token. This would allow users to subscribe, tip creators, and participate in platform governance using blockchain rails. While critics view this as another populist move, supporters argue it’s a savvy pivot that aligns with global trends. Conclusion Trump’s crypto journey—from skeptic to strategic adopter—reflects a broader shift in U.S. political attitudes toward digital assets. Whether driven by ideology or opportunity, Trump’s embrace of crypto could redefine both his legacy and America’s financial future.

Ford Motor, Kia and Hyundai have reported solid US performance in April sales year-over-year as customers were panic-buying due to fears of possible tariff-induced price increases. This comes in the wake of the introduction of tariffs by the Trump administration that have unsettled markets and investors, with customers worried that car makers will pass on the cost tariffs to consumers. Therefore, customers rushed to purchase new vehicles ahead of a potential price increase. According to CNBC the tariff fear-buying started in late March and was sustained in April, driven by some automakers who offered special discounts or promised not to hike prices in the near term owing the President Trump’s tariff regime. “April results are dominated by the prospect of future vehicle price increases due to tariffs.” Thomas King, president of the data and analytics division at J.D. Power. However, the booming demand may be short-lived. King and Cox Automotive chief economist Jonathan Smoke revealed that the demand slowed in late April as new vehicle inventories tightened with prices rising following the earlier consumer rush. “The economy and auto market are transitioning to a world with higher tariffs on imports,” said Smoke on Tuesday. “The first phase of frenzy in the retail vehicle market seems to have already passed as April is ending with less momentum than it began.” Smoke. Smoke added that the higher costs and lower vehicle inventories are what are likely “sapping momentum and could lead to lower sales in future weeks.” According to CNBC, automakers cashed in on the consumer rush while it lasted. For instance, Ford recorded a 16% year-over-year jump in April sales, supported by consumer and ongoing “employee pricing” program that the company launched when Trump’s 25% auto tariffs on imported vehicle took effect in early 2000 April. Ford revealed on Wednesday that it was extending that program through the Fourth of July weekend. The company revealed that it sold 208,675 new vehicles in April compared to 179,588 said during the same month last year. Ford’s EV sales, which includes hybrids jumped 8.4% to 28,190. Its total US sales for this year are up 3.2% to 709,966 vehicles sold. Peers, Hyundai, that vowed to maintain the same prices through at least early June, recorded a 19% jump in sales last month of its namesake brand compared to the same period last year. At Kia, which is owned by Hyundai’s parent company although they operate separately in the US, it revealed that its April sales rose by about 14% compared to a year earlier. Largest automaker, General Motors , which reports sales on a quarterly basis confirmed on Thursday that it witnessed a 20% increase in April compared to the same month in 2024. The company has however revealed that the Trump administration’s tariffs on imported cars will this year cost the company between $4 billion and $5 billion. General Motors’ CEO Mary Barra also revealed in interview with CNN that the company has downsized on its earnings guidance as the tariffs will eat into its profitability. Also enjoying the moment, Toyota Motor on Thursday revealed that year-over-year sales jumped 10% in April. The 25% tariff on imported cars into the US took effect on April 3. Although the Trump administration modified some tariffs this week, extra levies of 25% on auto-parts are expected to start by Saturday. Ford CEO Jim Farley said on Wednesday that this week’s changes to the tariffs are helpful, although more actions still need to be taken to assist the sector. The changes include reimbursing automakers for some US parts and reducing the “stacking” of tariffs upon one another for the industry. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

$INIT *🔍 INIT/USDT: Technical Breakdown (Bearish Dominance) 📉 price Action - Current Price:** $0.7488 (**-10.25%**), trading below **24h high ($0.8990)** and near **24h low ($0.7130). - **Trend:** Strong downtrend with **no reversal signals** yet. --- 📊 **Key Indicators** 1. **Bollinger Bands (20,2):** - **Upper Band (UP):** 0.8873 (Resistance) - **Middle Band (MB):** 0.7835 (Dynamic Resistance) - **Lower Band (DN):** 0.6798 (Next Support). - *Price is hugging the **lower band**, signaling **bearish momentum**.* 2. **Stochastic RSI (14,3):** - **K:** 28.93 (Oversold but weak bounce). - **D:** 18.34 (No bullish crossover). - **J:** 50.10 (Neutral, but trending down). 3. **Volume & Moving Averages:** - **24h Volume:** 59.74M INIT / 47.86M USDT (Declining interest). - **MA(5):** 2.22M (Below MA(10) = **Short-term bearish**). --- 🎯 **Critical Levels** - **Immediate Resistance:** 0.7835 (MB). - **Strong Support:** 0.6798 (DN). Break below could trigger **panic selling**. - **RSI(6):** Not shown, but if <30, may indicate **oversold bounce**. --- 🚨 **Trading Verdict** - **Avoid longs** until price reclaims **MB (0.7835)** with volume. - **Short-term traders:** Watch for breakdown below **0.7130** (24h low) targeting **0.6798**. - **Long-term holders:** Wait for **higher timeframe confirmation** (e.g., 4h/D close above MB). **🔴 Risk Warning:** High volatility in L1/L2 tokens. Use tight stop-losses! *(Data-driven, no fluff. Trade wisely!)

Based on the chart, the trend appears to be bearish. Here's a breakdown of the indicators: # Indicators 1. *Price Action*: The price has been declining over the past 24 hours, with a significant drop from 0.23033 to 0.08489. 2. *Bollinger Bands*: The price is currently below the lower Bollinger Band (0.08314), indicating a potential oversold condition. 3. *KDJ (Stochastic Oscillator)*: The KDJ values are low, with K (29.02939), D (30.11843), and J (26.85132), suggesting a bearish trend. 4. *RSI (Relative Strength Index)*: The RSI values are below 50, with RSI(6) at 39.93366, RSI(12) at 42.63725, and RSI(24) at 42.83907, indicating a bearish trend. 5. *MACD (Moving Average Convergence Divergence)*: The MACD is negative, with MACD at -0.00007 and DIF at -0.00102, suggesting a bearish trend. # Conclusion The overall trend appears to be bearish, with multiple indicators suggesting a downward trend. However, it's essential to consider other factors, such as market news, sentiment, and fundamental analysis, before making any trading decisions.

According to new research from the Cambridge Centre for Alternative Finance (CCAF), North America now accounts for 82.5% of the global Bitcoin mining power. The report draws from survey responses from 49 mining companies operating across 23 countries, accounting for nearly half of the Bitcoin network’s hashrate. The study highlighted a rise in sustainable energy use, with 52.4% of miners now relying on renewables at 42.6% and nuclear at 9.8%, up from 37.6% in 2022. Natural gas also became the top single energy source at 38.2%, overtaking coal, which dropped to 8.9% from 36.6%. On the other hand, the network’s annual electricity consumption rose by 17% to 138 TWh, approximately 0.54% of global electricity usage. This increase came despite a 24% improvement in mining equipment efficiency, which reached an estimated 28.2 joules per terahash (J/TH) by mid-2024. Electricity remains the dominant operational expense for miners, accounting for over 80% of cash-based costs, with median rates reported at $45 per MWh. The industry’s greenhouse gas emissions are estimated at 39.8 million metric tons of CO₂ each year, about 0.08% of global emissions. The study says this number could drop to 32.9 million tons in cases where flared gas is used. 70.8% of miners also reported using climate mitigation measures, such as waste-heat recovery and demand-side response (DSR), with 888 GWh of reduced load reported in 2023. Meanwhile, the mining hardware market is dominated by a few companies, with Bitmain, the leading ASIC manufacturer, holding 82% of the market, while the firmware market is more varied. Further, around 86.9% of decommissioned equipment is repurposed or recycled, with mining-related e-waste estimated at 2.3 kilotonnes for 2024. The study also shows that more Bitcoin mining is now based in North America, with the United States accounting for 75.4%, and Canada following with 7.1%. However, it noted that activity is also growing in emerging markets like South America and the Middle East. Economically, the U.S. mining sector has become a major contributor. A separate report by The Perryman Group found that the industry generates over 31,000 jobs and adds more than $4.1 billion in gross product annually. Texas leads with $1.7 billion and 12,200 jobs, followed by Georgia ($316.8 million, 2,300 jobs) and New York ($225.9 million, 1,600 jobs). Despite the momentum, CCAF’s analysis reveals that the mining industry is still facing some challenges, including regulatory uncertainty, volatile energy prices, and unpredictable Bitcoin market conditions. As a result, more players are turning to diversification strategies in areas such as AI computing and energy innovation to sustain profitability.