COINDESK DAILY: China Denies Phone Call Between Presidents Xi and Trump
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 April 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as China denied talks are happening between Presidents Xi Jinping and Donald Trump.
China denied talks are happening between Presidents Xi Jinping and Donald Trump Monday as global trade uncertainty boosts bitcoin's haven appeal, prompting Standard Chartered to forecast bitcoin to hit an all-time high of $120,000 by the end of June. Plus, $TRUMP memecoin surges toward a $3 billion market capitalization and Stripe tests a new stablecoin project to capture a share of the projected $3.7 trillion stablecoin market by 2030.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | Bitcoin keeps rising amid trade uncertainty as China denies talks are happening between President |
| 0:05.2 | Xi Jinping and Donald Trump. It's Monday, April 28, 2025. I'm Christine Lee. This is Coiness Daily. |
| 0:17.5 | China's foreign ministry denying U.S. President Donald Trump's claim that he recently spoke with |
| 0:22.2 | Chinese President Xi Jinping, stating no such call occurred. The ministry also clarified Monday that |
| 0:28.3 | no tariff deal negotiations are underway between the U.S. and China contradicting Trump's |
| 0:33.2 | assertions in a Time magazine interview. On Sunday, Treasury Secretary Scott Bessent suggested China |
| 0:38.9 | may be denying talks because China is playing to a different audience. The ministry responded Monday |
| 0:44.0 | that if the U.S. really wants to solve the problem through dialogue and negotiation, it should |
| 0:48.6 | stop threatening and blackmailing China. As global trade uncertainty persists, Trump has been |
| 0:53.9 | softening his tone on China |
| 0:55.1 | as the U.S. dollar in stocks tumble. Last week, Trump said tariffs against China, which now total |
| 1:00.2 | 245 percent, would be substantially lowered. Strategic allocation away from U.S. assets by investors |
| 1:06.8 | could see Bitcoin hit a new all-time high of $120,000 in the second quarter of this year, |
| 1:13.8 | according to a standard chartered report. The bank further reiterated its previous Bitcoin |
| 1:18.5 | target of $200,000 by the end of 2025. Meanwhile, the Trump meme coin surged 85% in a week, |
| 1:27.4 | reaching a nearly $3 billion market cap, despite |
| 1:30.4 | Democrat calls for President Donald Trump's impeachment over selling access to the presidency |
| 1:35.3 | by offering its topholders an invitation to a dinner event with the president. |
| 1:40.5 | Senator Adam Schiff, Elizabeth Warren, and others sent a letter to the U.S. Office of Government Ethics asking for an investigation to determine if Trump violated federal ethics rules by engaging in pay-to-play corruption. |
| 1:52.8 | The token faced a significant unlock of 40 million tokens earlier this month, an event that usually drives down price and faces a 50 million token unlock worth |
| 2:02.1 | about $740 million on July 18th. |
| 2:06.1 | Finally, Stripe is testing a new stablecoin project aiming to capture a share of the projected |
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