In a whirlwind of crypto-related developments, FOMO HOUR recently highlighted China’s firm denial of ongoing trade talks, 21 Capital’s ambitious plan to acquire 42,000 BTC, and an unexpected surge in TRUMP token prices following a dinner prize promotion. These stories, emerging on May 12, 2025, are shaping the current cryptocurrency landscape.
Chinese Trade Talk Denial
China has unequivocally dismissed rumors of engaging in trade negotiations, a move that has cast a shadow of uncertainty over global markets. This denial comes as many investors had hoped for thawing relations between the world’s second-largest economy and other major trading partners. According to an anonymous source within the Chinese Ministry of Commerce, “There are no active discussions at this moment. Speculations otherwise are unfounded.” This statement has left analysts pondering the implications for international trade dynamics and, by extension, the cryptocurrency market, which often reacts to geopolitical tensions.
21 Capital’s Bold Bitcoin Acquisition
Meanwhile, 21 Capital has announced its intention to purchase a whopping 42,000 BTC. This acquisition, spearheaded by incoming CEO Jack Mallers, represents a significant vote of confidence in Bitcoin’s long-term prospects. The decision appears to be part of a broader strategy to capitalize on the perceived undervaluation of Bitcoin, currently trading at $92.4k, down 2% from recent highs. “This is a strategic move to solidify our position in the crypto market,” Mallers stated in a recent interview. “We’re looking at this as a long-term play.”
The crypto community is abuzz with this news, as such a substantial purchase could influence Bitcoin’s price trajectory. Sovereign Wealth Funds (SWFs) and other institutional investors are reportedly increasing their Bitcoin holdings, a trend highlighted by Bitwise’s latest market analysis. “We’re seeing a lot of sovereign entities quietly accumulating Bitcoin, which could signal a new phase of adoption,” said an industry insider.
TRUMP Token’s Surprising Rally
In an intriguing twist, the TRUMP token has experienced a notable price surge, buoyed by a unique marketing gimmick—a dinner prize for token holders. This promotion has captured the attention of many retail investors, sparking debate over the sustainability of such price movements. With TRUMP among the top gainers, alongside tokens like POL and SUI, market watchers are questioning whether this rally is a flash in the pan or indicative of a broader trend.
Broader Market Movements and Implications
The cryptocurrency market, as a whole, is navigating a complex landscape. Bitcoin briefly touched $94.7k before retreating, aligning with fluctuations in the stock market. Meanwhile, Ethereum has seen a 3% dip, now trading at $1740. Some analysts believe these movements reflect a market searching for direction amidst mixed economic signals.
Russia’s launch of a National Bitcoin and Crypto Exchange has added another layer of intrigue, potentially reshaping regional market dynamics. Moreover, the Missouri BTC bill’s progression and PayPal’s forthcoming rewards for PYUSD holders underscore a growing institutional embrace of digital assets.
As we move forward, the key question remains: Can Bitcoin sustain its momentum in the face of geopolitical headwinds and evolving regulatory landscapes? The market’s response to 21 Capital’s massive BTC acquisition and China’s trade stance will likely provide some answers in the coming months. For now, crypto enthusiasts and investors alike are keeping a close eye on these unfolding narratives, eager to see how they will influence the market’s next chapter.
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This article is based on: China denies trade talks, 21 Capital to buy 42K BTC, TRUMP pumps on dinner prize
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
