Trump stated: By the time the children turn 18, the value of the 'Trump account' should grow to several thousand dollars, and even more by the time they are 20 or 30 years old. These assets can achieve tax-free growth within the account. Funds cannot be withdrawn until the children turn 18. After reaching adulthood, account holders can withdraw funds for designated purposes such as college education, down payments on homes, or startup costs. It is important to note that while the process of asset appreciation is tax-free, beneficiaries must pay the corresponding taxes on their earnings when withdrawing funds.
Cryptocurrency Circle News Highlights in 24 Hours: Plummeting and Resilience Coexist On December 2, the crypto market plunged into turmoil again, with Bitcoin (BTC) briefly falling below $84,000, the market cap evaporating by over $144 billion within 24 hours, and the total market cap shrinking by 5% to $3 trillion. The Fear & Greed index dropped to 23 (extreme fear). The triggers for the sell-off included weekend liquidity depletion, frequent DeFi security incidents, and heightened macro risks: the Bank of Japan hinted at interest rate hikes, and the Federal Reserve's emergency meeting postponed rate cuts, putting pressure on global risk assets. According to CoinGlass data, the total liquidations within 24 hours approached $1 billion, with long positions accounting for 99%, and mainstream coins like ETH, SOL, and XRP experiencing declines of 6%-7%. The DeFi sector remains on high alert: Yearn Finance's yETH pool was hacked, exploiting a vulnerability to mint unlimited coins, stealing approximately $3 million in ETH and transferring it to Tornado Cash. The V2/V3 treasury has not been affected yet, but the incident amplified market panic, dragging ETH below $2,800. Meanwhile, Hyperliquid (HYPE) unlocked 2.66% of tokens (valued at $354 million) for the first time, with rumors of team sell-offs triggering panic, causing a price drop of 7.3%. The People's Bank of China reiterated that crypto payments are illegal, and Hong Kong crypto stocks plummeted; Arthur Hayes warned that if gold and BTC drop another 30%, USDT could become insolvent, while Tether's CEO countered that reserves exceed $18.45 billion. However, signs of resilience are emerging: Aptos attracted $426.8 million in stablecoin inflows, leading on-chain liquidity; Vanguard reversed its stance and will allow customers to trade crypto ETFs starting Tuesday, injecting hopes of traditional funding. MicroStrategy increased its holdings to 650,000 BTC, establishing a $1.44 billion cash reserve buffer; Ripple's RLUSD received the green light from Abu Dhabi, with a market cap exceeding $1.2 billion; Pavel Durov launched a TON-based Cocoon private AI network, allowing GPU holders to earn TON. The ETH Fusaka upgrade is set to launch tomorrow, and Ki Young Ju stated that the valuation model on 10/12 shows ETH is undervalued. Hot topics on the platform: PIPPIN meme coin surged 17.6%, with whales accumulating; Zcash fell 20%, and Vitalik called for a boycott of token voting. A short-term bear market looms, but institutional entry and upgrade narratives may ignite a rebound. Players, extreme fear often breeds opportunity—are your positions ready? $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
Binance Alpha Points Airdrop News Highlights Within 24 Hours In the current context of increased volatility in the cryptocurrency market, the Binance Alpha points airdrop mechanism has once again become the focus. On November 30, Binance officially announced the launch of the second wave of Subsquid (SQD) token airdrop benefits. Users holding at least 245 Alpha points can claim 500 SQD tokens through the Alpha event page at UTC 9:00 (Beijing time 17:00) on a first-come, first-served basis, until all 52,479 spots are filled or the event ends. If the rewards are not fully claimed, the points threshold will automatically decrease by 5 points every 5 minutes to ensure more users can participate. At the same time, claiming will consume 15 Alpha points, and users must confirm within 24 hours, otherwise it will be considered abandoned. This hot topic quickly ignited discussions on platform X, with the announcement from Binance's Chinese account binancezh receiving over 50,000 views. Community players are hotly debating “points bubble” and “surviving the bear market”. Some users are concerned that under the depletion of liquidity in the bear market, the Alpha model may face significant changes or suspension, but they also see potential in its on-chain lending point upgrade. Market data shows that the market capitalization of the Alpha ecosystem remains stable at $13 billion, with a slight increase in trading volume of 1.5%, far exceeding the overall market increase of 1.78%. The Alpha points rolling 15-day rule emphasizes continued activity to avoid idle expiration. As an innovative incentive from Binance, the Alpha airdrop not only distributes rewards but also drives users to delve into early-stage projects. Faced with high thresholds and risks of anti-farming, players need to optimize their positions and closely follow developments. In the future, this mechanism may evolve into a new way of DeFi lending, helping to break through the bear winter. In summary, Alpha is more than just an airdrop; it is also an ecological engine that is worth paying attention to and is indispensable. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
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USDT is one of the most widely used stablecoins in the world, pegged 1:1 with the US Dollar. It plays a crucial role in trading, liquidity, and value storage across crypto markets.
Key Facts: Pegged to USD — 1 USDT ≈ 1 USD Used for stable trading and hedging market volatility High liquidity across all major exchanges Essential for DeFi, P2P transfers, and cross-border settlement Trusted by millions of crypto traders worldwide
In a market where prices swing fast, USDT provides a safe zone — a stable anchor in the storm of volatility.