
Ethereum’s price surged past $2,900, following a decision by former U.S. President Donald Trump to pause tariffs on Canada and Mexico. This development coincided with Eric Trump’s recommendation to his social media followers to consider purchasing Ether, noting it was an opportune time to invest. His suggestion came after a turbulent period in the crypto markets, with Ethereum experiencing a sharp decline of 16% to a low of $2,368 before rebounding. The former president’s tariff suspension led to Ether’s recovery to approximately $2,700, eventually climbing to $2,913 before settling back to $2,806.
Meanwhile, the Trump family’s financial enterprise, World Liberty Financial, made significant crypto transactions, moving over $307 million in assets to Coinbase’s custody platform. The organization converted nearly 20,000 Lido Staked Ether to regular Ether and spent an additional $5 million in USD Coin to acquire 1,826 Ether at a price of $2,738. These financial maneuvers are believed to support their “Earn and Borrow” lending protocol, which remains under development.
In related developments, the Ethereum Foundation announced new initiatives aimed at fostering a vibrant decentralized finance ecosystem, allocating 50,000 Ether to expand its treasury through staking rewards. This measure aims to support the foundation’s internal budget while alleviating community concerns over market pressure. Additionally, a firm specializing in Ethereum marketing, Etherealize, launched a campaign targeting institutional investors to bolster confidence in Ethereum’s bull market potential.