Trump-To-Launch-Crypto-Platform-Binance
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00:00Now let's head to the crypto space.
00:02Something interesting going on there.
00:04Mr. Donald Trump is in the news.
00:06He's set to launch a project,
00:08his son's project actually, by Monday.
00:11I wonder how the markets will react to this
00:14over the weekend up until Monday.
00:16But we'll talk about that in a bit.
00:17Let's look at the numbers right now.
00:19See what the price of Bitcoin is at this time.
00:23We see it's a slight movement and still below 60,000,
00:28but, well, it's a green after all.
00:31It doesn't matter how many green, yeah?
00:33So it's 0.02% increase in the last hour.
00:36So 58,100.52 is the price of Bitcoin at this time.
00:40Ethereum is also up, down slightly, very slight, 0.01%.
00:45$2,354.29.
00:49BNB is in the red, TORN is green.
00:53A lot of movement around TORN these days.
00:54Cardano, DOTS, DOGE.
00:58Mixed color we see right here.
01:00So let's talk about some of the other things,
01:02the headlines, like we told you.
01:04There you have the sentiment at this time.
01:06It's a fair market trading at this time
01:10in the crypto space.
01:11But let's see the headlines there.
01:13So we did see that Mr. Donald Trump
01:17is set to launch that project on Monday.
01:21Former President Donald Trump saying
01:25that it actually belongs to his son,
01:29Donald Jr. and Eric,
01:31and it's called World Liberty Financial.
01:34It's a crypto platform that'll be controlled by the sun.
01:38I said this, of course, election in the United States
01:42about 50 days ago.
01:43We know that Trump is a pro-crypto candidate.
01:47So I wonder how this will play out.
01:51I don't know if you watched that debate with the Democrats,
01:55but the Republican former president
01:58has mixed his political and business interests
02:02and marketed sneakers and all of that
02:04now is going into crypto.
02:07Let's see how this will shape that election.
02:10Also today, Binance announced a launch poll for Hamster.
02:14Hamster, of course, I think Hamster Combat,
02:18counting down to September 26th,
02:20has been in the news and catching a lot of attention
02:23and all of that.
02:24But now let's speak to Solomon, Solomon Amundi,
02:26and hear his comments and observations on these
02:30and a whole lot more.
02:31Hi, Solomon, good afternoon.
02:35As-salamu alaykum.
02:37So this Trump, it's not his project, it's his son's project,
02:42but obviously Mr. Trump has owned it.
02:45And we wonder, 50 days to election,
02:48which way or the other this could push the market?
02:52I don't think it will have so much impact
02:55in the price action of Bitcoin currently,
02:58and because we're already at the resistance zone,
03:01which is around $58,000.
03:03So that's why we didn't see much of an impact.
03:06Well, I feel that was a welcome news.
03:09It just means President Trump is showing his commitment
03:14to what he will do once he becomes
03:16the newly elected president of the United States of America.
03:20So that's just what he's showing.
03:22So I think that's a positive move on his own side
03:25to show and reassure the crypto community
03:27that he's in for them,
03:29and he'll be ready to do the needful
03:30once he gets elected as the US president.
03:34So do you think this will make crypto regulation easier,
03:38a softer landing for crypto?
03:40Or do you think this is just a way
03:42to get some political points?
03:43And after election is over, we hear some silence.
03:49I think it will definitely make things easier
03:52for the crypto ecosystem,
03:54which hasn't had it easy for over the last four years.
03:57Well, I think it will definitely make things easier
04:01if he is elected as the president.
04:02So I don't think he's just making false promises.
04:05I think he means it actually.
04:07All right, we'll see.
04:09So Binance has announced a launch poll for Hamster.
04:12What does this mean for those Hamster fans
04:15and the way they've been investing their energy
04:18and effort and data?
04:20What does it mean for them?
04:23It's actually a very welcomed news,
04:25and the Hamster community, they are very excited about it.
04:28I mean, most persons have been anticipating
04:31and waiting for this.
04:33And personally, I feel it was a no-brainer.
04:36It was just a matter of time
04:37because Hamster is one of the most successful
04:40telegram app.
04:42We also saw the owner of Telegram make a comment
04:44about them two, three months ago.
04:46So it was a no-brainer, so it's just about time.
04:49So I think it's a very, very good move.
04:50It's a positive move.
04:51Binance has shown commitment.
04:53They sell most community-related projects.
04:56I think they should continue doing so.
04:57So it's a welcome development.
04:59So what does it exactly mean for Hamster fans?
05:05I don't know how you call them, the community.
05:08This connection with Binance, what does it ease for them?
05:11So what does it mean for them?
05:14Majorly, it's more like an endorsement
05:16that they were never wasting their time
05:18farming the Hamster tokens.
05:20So it shows belief that they can also do the same
05:24with some other similar Telegram mini-apps
05:27that will be released or some that already existed.
05:29So it's a reward for the time spent on the platform
05:33for the past six months or thereabouts,
05:35and also people that have spent so much money
05:37trying to farm the Hamster token.
05:40So it's actually a positive news for them.
05:42And it also means that the token would perform well
05:46once it's listed, because we know Binance
05:49has the most liquidity in all centralized exchanges.
05:51So it means that the token will surge positively
05:54and they are optimistic that it'll make so much money.
05:57And this countdown to September 26,
06:01is it too late for some people to start farming?
06:05Is there any way to optimize the potential benefits
06:09ahead of September 26?
06:13Yeah, for those with deep pockets,
06:15it's easy for them to take advantage of this
06:17and because of what they just need to do is
06:20send some funds to Binance
06:22and farm it on the Binance pool that they created.
06:25That's like the fastest and easiest way
06:27to be able to make free money.
06:29Like we already have some persons
06:30that have deposited about $10,000
06:33and they are farming the project already.
06:35So that's like the easiest way.
06:37But for those that can't afford to move over
06:41that amount of liquidity to Binance
06:43and lock it up in the pool,
06:45they can choose to keep playing the game
06:47and looking for ways within the game
06:48to be able to farm the tokens.
06:50That's just majorly the best way out of it.
06:53All right, Solomon.
06:54Finally, now, where do you see the price, Bitcoin?
06:58Which way do you see it going this weekend?
07:01Yeah, I think we're seeing the month of September.
07:03We are already at mid-month.
07:05We are seeing the resistance at around 58, 400.
07:09So I'm expecting them Bitcoin to retrace
07:12to about $56,000 again,
07:15over the weekend to like Monday.
07:17I'm not expecting it to go up to $59,000.
07:20I'm not expecting that currently.
07:22So I expect a retracement.
07:24All right, retracement is the expectation.
07:26I'm Solomon Amundeh.
07:26Thank you so much for your views this afternoon.