Trump Sparks Tension with Bold Cryptocurrency Claims

By: cointurk|2025/05/14 21:45:05

The protracted trade war between the United States and China had left global markets in a state of uncertainty for months. With tariffs, diplomatic statements, and news filled with ambiguity, investors were driven away from taking risks. Just as the two countries seemed to be on the brink of a peaceful agreement, Donald Trump managed to draw attention once again with his statement in Saudi Arabia. His claim was clear: “We are ahead of China in crypto .” Crypto Competition: A Hidden Battleground While trade agreements appear to be at the forefront, the real battle is taking place in another arena: the cryptocurrency realm. The strategic competition between the US and China has evolved beyond mere economics into a technological superiority struggle. Although the visible debates revolve around tariffs, behind the scenes, both nations seem to be bolstering their Bitcoin $ 104,134 reserves as a hedge against global financial collapse. Currently, the US government holds over 198,000 BTC. China is estimated to follow closely behind, with approximately 190,000 BTC. However, questions remain about how these reserves were accumulated and why they are maintained. China focuses on controlling the system’s infrastructure. Chinese companies continue to dominate ASIC manufacturing, mining pools, and software aspects. Their strategy is to influence rules from within. In contrast, the US adopts a more interventionist approach. A large portion of its reserve comes from cryptocurrencies confiscated in operations like Silk Road. These assets were not purchased from the market, but rather “seized” and now quietly held like gold, outside of strategic oversight. Trade Truce Revitalizes Markets as Cryptos Soar Just hours before Trump’s statement, the anticipated trade thaw between the US and China had unfolded. The US reduced tariffs from 145% to 30% on Chinese imports, while Beijing cut its tariffs from 125% to 10%. This development immediately boosted global risk appetite. The market reaction was swift. Bitcoin surged past $100,000, while Ethereum (ETH) $ 2,618 reclaimed the $2,500 level. Many other altcoins, notably Dogecoin $ 0.237266 ( DOGE ), also rose. Experts believe this activity was fueled not only by the trade peace but also by declining inflation expectations. Should this lead the Federal Reserve to reduce interest rates, cryptocurrencies could once again become investors’ favorites. The parties’ agreement to continue dialogue reinforced short-term confidence in the markets. This is considered a particularly positive signal for risky assets such as cryptocurrencies.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.