Trump Remarks Fuel Fed Easing Bets as Ethereum Staking Queue Hits Post-Merge High of 3.4M ETH
Trump's comments about an impending "big fight" are raising expectations for potential Federal Reserve monetary easing that could support Bitcoin, Forbes reports. The Ethereum staking queue has climbed to a post-Proof-of-Stake transition high with approximately 3.4 million ETH awaiting inclusion. Hyperliquid's trading volume surpassed $11.5 billion over the weekend, while Bitwise's CIO said "on-chain finance" is set to advance. Additional developments include Taiwan authorities auctioning 24 seized luxury vehicles from Chen Zhi Taizi Group for roughly NT$93 million, HSBC's CEO stating the bank hopes to play a meaningful role after applying for a Hong Kong stablecoin license, Ark Invest increasing holdings of Coinbase and Robinhood following a price dip, the U.S. CFTC Chair confirming readiness to implement the CLARITY Act during Trump's presidency, and Korean stock market traders seeing long positions approach liquidation after a circuit breaker was triggered.