
The latest episode of the long-running comedy series South Park depicts US President Donald Trump taking gifts of Bitcoin from state officials and tech leaders.
Animated comedy series South Park mocked US President Donald Trump in its latest episode aired on Wednesday, with one part satirizing his ties to crypto.
The episode titled “Sickofancy,” depicted scenes showing parodied versions of tech executives wanting to curry favour with Trump by lining up to give him gifts and lap him with praise.
In two separate scenes, what appears to be a depiction of Microsoft CEO Sundar Pichai and venture capitalist-turned White House crypto and artificial intelligence czar David Sacks are lining up to gift Bitcoin (BTC) to Trump.
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Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
