5 News Stories from the Crypto World！9/19

Eric Trump enthusiastically endorses cryptocurrency as the dollar’s savior!

USDT and USDC clash in the US market.

Vitalic defends against Ethereum’s staking issue.

A British dinner attended by the heads of Apple and OpenAI.

And Huawei announces a new AI platform after Nvidia is banned from the Chinese market.

This week’s latest developments on the global economy and cryptocurrency!

Let’s analyze the news on the global economy and cryptocurrency and consider economic trends together! Friday, September 19th, we’ll discuss today’s cryptocurrency news and on-chain market conditions.

This program delivers the latest news to help you build your assets. Let’s start with a look at 24-hour data headlines from the cryptocurrency market.

First, Eric Trump makes a bold statement. He suggests that cryptocurrency could be the savior of the US dollar’s future. This is not just a political opinion; it’s a statement that has attracted attention both in the United States and abroad. The backdrop is the dollar’s current status, which is beginning to waver. As countries like China and Russia promote their own currencies and digital currencies, the US dollar is also exploring new forms.

Next, a battle between giants in the US dollar-pegged stablecoin market is intensifying. Circle’s USDC and Tether’s USDT are competing for a massive market share of approximately $650 billion each. USDC, in particular, has been highly praised for its transparency and regulatory compliance, and is being increasingly adopted by many financial institutions and companies. Meanwhile, USDT has supported market liquidity for many years. This competition is affecting not only the US economy but also the global financial system.

Ethereum co-founder Vitalik Buterin has explained the 43-day unstaking waiting period. With approximately $11.3 billion currently stuck in the unstaking queue, market participants are concerned about liquidity issues. Vitalik explained that this long waiting period is essential to maintaining the security of the network, emphasizing that “it’s holding up without any issues.”

Also in the spotlight was former US President Donald Trump’s attendance at a state dinner in the UK alongside other prominent figures. Technology heavyweights such as Apple CEO Tim Cook and OpenAI CEO Sam Altman attended, drawing widespread attention. The dinner also became a symbolic event at the intersection of politics and technology.

Finally, amid the ongoing ban on Nvidia products from the Chinese market, Chinese IT giant Huawei announced a new AI infrastructure. This represents a move to break away from reliance on Nvidia and strengthen its technological capabilities through in-house development, which is consistent with Chinese government policy. It is likely to be an important step in the global AI race.

This series of developments has three significant impacts.

First, the relationship between the US dollar and cryptocurrencies is entering a new phase. Eric Trump’s remarks, more than just a political message, have influenced market participants and policymakers, raising interest in digital assets.

Second, the competition between the two major stablecoins, USDT and USDC, is leading to increased transparency and trust in the financial market as a whole. This has stabilized investor sentiment and is expected to attract new capital inflows.

Thirdly, China is making a strategic shift by excluding Nvidia products and relying on Huawei to develop AI infrastructure. This is not just a technological shift, but could also affect the geopolitical balance of power, sending ripples throughout the global economy.

That’s all for today’s news highlights. Our channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.

See you tomorrow.