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🚨 Trump's #CFTC Pick? 🇺🇸 💼 Brian Quintenz, head of policy at @a16z Crypto, is reportedly set to lead the Commodity Futures Trading Commission (CFTC). 🔥 Could this mean a pro-#crypto shift in U.S. regulations? 🤔📊 #Crypto #CFTC #BrianQuintenz #Bitcoin #Ethereum

Trump's crypto company launches strategic 'token reserve'

Ethereum, for instance, has fallen to around $2,600, and analysts warn that if it breaks below the critical support level of $2,500, it could plummet by approximately 39%.¹ The overall crypto market is under pressure, with $BTC struggling to stay above $96,000. The recent liquidation events, triggered by threats of tariffs from former US President Donald Trump, have led to a massive sell-off, with over $2.24 billion liquidated in just 24 hours. Some altcoins have been hit particularly hard, such as Cardano's ADA, which has plunged over 18% in just a week.³ Other popular altcoins, like Avalanche, are also facing bearish sentiment, with analysts warning of potential price drops. The current market conditions are reminiscent of past crises, such as the 2020 pandemic-induced market crash. Analysts warn that a quick recovery is unlikely and that investors should adopt a patient and cautious approach.

🚨TODAY: Trump-backed World Liberty Financial bought another 1,917 $ETH worth $5M and 830,469 $MOVE worth $470K, per data from @arkham.

According to Fox Business reporter Eleanor Terrett, citing three people familiar with the matter, Trump has selected Brian Quintenz, policy director of a16z's crypto department and former CFTC commissioner, as chairman of the U.S. Commodity Futures Trading Commission (CFTC).