From Cointelegraph
April 30, 2025 3:51 am:

Eric Trump, son of US President Donald Trump, warns global banks that they must adopt cryptocurrency or face extinction in a decade. He criticizes the slow, expensive nature of the current financial system, favoring the ultra-wealthy. Trump emphasizes the benefits of blockchain technology and predicts banks will be obsolete in 10 years.

Trump slams SWIFT as an “absolute disaster,” highlighting the inefficiencies of traditional cross-border transaction solutions. He believes blockchain technology can do everything better than current financial institutions, with decentralized alternatives offering instant, cost-effective transactions. Traditional payment tools like SWIFT are at risk of losing market share to crypto.

Despite global banks pushing back against cryptocurrency adoption, industry executives are bullish on banks embracing crypto in 2025. Governments like the US are pushing for a more crypto-friendly agenda. Eric Trump’s prediction aligns with his previous forecast that Bitcoin will reach $1 million per coin, urging institutions to adopt crypto to stay competitive in the growing market.

Read more at Cointelegraph.com

1. Bitcoin reaches new all-time high of $65,000, surpassing previous record set in April. Market cap now exceeds $1.2 trillion, with trading volume hitting $68 billion in the past 24 hours.

2. Ethereum breaks $4,000 mark for the first time, with market cap hitting $470 billion. Trading volume reaches $45 billion, as investors flock to the second largest cryptocurrency.

3. Dogecoin surges by 20% after Elon Musk tweets about upcoming SpaceX mission accepting the meme coin as payment. Price spikes to $0.60, with market cap reaching $78 billion. Trading volume hits $12 billion within hours.: Banks must adopt crypto or be extinct in 10 years, Eric Trump says