In recent crypto news: the $TRUMP meme coin jumped 50% following a dinner invitation with Trump for top holders. Tether has increased its investment in Juventus to over 10%. A Swiss campaign is pushing for Bitcoin to be included in national reserves. Lastly, Coinbase is waiving fees for PayPal’s stablecoin to encourage wider crypto payment adoption.
Welcome to the latest edition of Crypto Insider, your reliable source for all things crypto. Week four of April brings us the hottest developments and key insights from the rapidly changing digital assets arena. Let’s delve into some of the standout stories from this week.
In a surprising twist, the $TRUMP meme coin skyrocketed by 50% on Wednesday. This surge followed an announcement that the top 220 token holders would be treated to a dinner with former President Trump on May 22 in Washington, D.C. Top wallets can also look forward to a VIP tour of the White House the following day. Despite this recent boost, $TRUMP’s market cap stands at $2.7 billion, a stark reminder of its 70% drop since hitting a peak of $15 billion back in January.
Moving along, Tether has made headlines by upping its stake in the Juventus football club to over 10%. The cryptofirm, which ranks fourth globally, originally bought into the club in February. Now, Tether controls 6.18% of the voting rights, reaffirming its long-term dedication to Juventus. This investment seems to bolster the club’s standing, which is governed by the Agnelli family through Exor, their investment enterprise.
Meanwhile, in Switzerland, a campaign is gaining steam urging the Swiss National Bank (SNB) to diversify its reserves by including bitcoin. Advocates argue that, with economic uncertainty heightened by U.S. tariffs, adding bitcoin would provide Switzerland with a defensive hedge. The movement started in December with a proposal to change the Swiss Constitution, suggesting that a bitcoin reserve could protect the SNB from inflation concerns and bolster its position in an evolving multipolar economy.
On another front, Coinbase, the largest public crypto exchange, has announced a pivotal move—waiving fees on transactions involving PayPal’s stablecoin, PYUSD. This decision marks a significant effort to promote crypto payments. Users on Coinbase can now redeem PYUSD for U.S. dollars seamlessly. The move aims to make PayPal’s stablecoin more accessible, with potential gains for both merchants and consumers, as stablecoins are becoming more common for moving money across the crypto space. This integration signals a promising direction toward mainstream acceptance of stablecoins.
