Crypto: Maya Fall, Trump $1.5B Treasury & Hayes Buy ETH
Maya, wey be licensed crypto exchange and digital bank for Philippines, put dia crypto trading service under maintenance as di bull run dey go on. Bitcoin don jump pass $116,000 and Ethereum don top $4,000, but users no fit trade during di downtime. For US, Trump family dey plan publicly traded crypto treasury firm under World Liberty Financial, dem dey try raise $1.5 billion. Di proposed company go hold both dia own WLFI token and cash, Eric Trump and Donald Trump Jr. dey board, showing di growing trend of digital asset treasury firms. Arthur Hayes, wey be co-founder of BitMEX, buy back $10.5 million worth Ethereum on-chain, e buy ETH over $4,100 after e sell 2,373 ETH for $8.32 million around $3,507 last week. Hayes buyback shows say bullish sentiment don touch again as Ethereum reach two-year high.
Bullish
Di combine developments dey signal say di crypto market go get bullish outlook. Maya short maintenance wey happen during rally no too affect di general momentum, and di Trump family $1.5 billion crypto treasury plan show say institutional interest for digital assets dey grow. Dis kain move follow di MicroStrategy model and fit inspire similar strategies, wey go increase demand for long term. Arthur Hayes buy back $10.5 million worth ETH on-chain at price wey pass $4,100; dis one dey show strong confidence from big person for di industry, e add immediate buying pressure and e reinforce bullish feelings. Historically, big-time buybacks and institutional treasury allocations dey happen alongside sustained price rallies. Short-term, we fit expect say di market go still dey volatile but price go dey move up. Long-term, more corporate treasury adoption and on-chain activity go support better growth and make market more mature.