TL;DR

• Trump has embraced Musk's idea and intends to introduce an economic plan aimed at lowering living costs to “make America affordable again.”

• Yellen: The labor market is no longer viewed as a driver of inflation.

• Copper's hot wallet moved $212 million in BTC and ETH to OKX.

• Venezuelan opposition leader Machado suggested making Bitcoin a national reserve asset.

• CZ might not be eligible to retain a leadership role at Binance indefinitely.

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Alpha of the Day

Trump’s New Economic Adventure

Looks like Trump’s channeling his inner frugal grandma and taking a page from Musk’s “cheap living for all” handbook. In a grand move to “make America affordable again,” Trump’s launching an economic plan that’s less about big, flashy projects and more about slashing those pesky living costs. Picture it: Trump’s trying to turn every American dream into a bargain bin special. He’s got his eyes set on fixing those overpriced avocado toasts and, who knows, maybe even finding a way to make the rent affordable enough for millennials to move out of their parents’ basements. The new plan might not include gold-plated toilets, but hey, at least we could all get by without a second job.

Yellen’s Inflation Epiphany

Janet Yellen’s having an "aha!" moment, and it’s not about discovering the perfect avocado toast recipe. She’s declaring that the job market is no longer the boogeyman of inflation. Yep, the labor market's been demoted from “chief inflation culprit” to just another boring economic player. It’s like finding out that the villain in your favorite action movie was just misunderstood; suddenly, that tight job market isn’t to blame for skyrocketing prices. Instead of stressing over wages driving up costs, we might need to worry about something else entirely—like, whether we’ll ever be able to afford that trip to Bali.

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Copper’s Big Crypto Move

When it comes to crypto, Copper’s hot wallet isn’t messing around. It just made a whopping $212 million transfer in BTC and ETH over to OKX, proving once again that crypto transactions make Wall Street look like a lemonade stand. If you think your bank transfer takes ages, imagine moving hundreds of millions in digital assets across exchanges. It’s like trying to sneak a sumo wrestler into a tiny elevator—impressive and a bit nerve-wracking. One can only wonder if the digital security team had to do some serious cardio to keep up with that kind of movement.

Machado’s Bitcoin Reserve Dream

In a plot twist worthy of a soap opera, Venezuelan opposition leader Machado is pitching Bitcoin as the country’s national reserve asset. Forget oil; Machado’s dreaming of a future where Bitcoin is the Venezuelan savings account. It’s like suggesting that a handful of rare Pokémon cards could be the key to national wealth. While Bitcoin has had its ups and downs, Machado’s vision might just make you wish you had bought some back when it was just a few bucks. If the idea catches on, you might find Bitcoin listed alongside gold and oil in your favorite economics class.

FCA’s Crypto Registration Flop

In the grand theater of crypto, the UK FCA’s just thrown a major plot twist: 87% of crypto companies couldn’t even get past the registration gate. It’s like being told you can’t join the coolest club in town because you didn’t know the secret handshake. Apparently, getting crypto companies to meet approval standards is tougher than passing a super-secret spy exam. It’s a massive fail on an epic scale, leaving the FCA with quite the mess to clean up. Now, who’s up for a game of “find the legit crypto company”?

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Trump and Musk’s Efficiency Dream Team

Trump’s cooking up a new Government Efficiency Commission, and guess who’s on the VIP list? That’s right, Elon Musk himself. It’s like putting together the ultimate superhero team—if superheroes were obsessed with bureaucracy. Musk will be steering this ship, supposedly making government operations as streamlined as a Tesla’s autopilot. If Trump’s idea of government efficiency involves less red tape and more high-tech wizardry, this could be the greatest sci-fi government experiment since, well, ever.

CZ’s Leadership Uncertainty

The Binance bigwig, CZ, might be facing an unexpected plot twist in his leadership saga. Rumor has it, he might not be able to hang on to his top spot forever. It’s like watching the final season of your favorite show and wondering who’s going to survive the dramatic cliffhangers. With the crypto world being as fickle as a cat on a hot tin roof, CZ’s future at Binance is as uncertain as a weather forecast in a hurricane. If the rumors are true, Binance’s leadership might need a new script for the next season.

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