Bitcoin
The 47th president equates his job performance with the stock market more than any predecessor. Was he really going to convene an industry event with bitcoin down 23% in recent weeks?
Despite some positive signals from DC, Bitcoin is falling with the rest of the market. Here’s what three experts say it will take to switch the momentum.
Ethereum
Bybit happened to publish a proof of reserves the day before the $1.5 billion hack by North Korea. But the incomplete snapshot of the exchange’s finances lays bare why they don’t serve customers when disaster strikes.
Regulation
A group of lawyers made the case to re-interpret how securities laws apply to crypto before the SEC Crypto Task Force on Monday.
It’s not common for a regulator to completely capitulate. Here’s what it means for the Kraken, Uniswap, and Binance cases.
Typically CFTC commissioners do not weigh in on issues where they have had recent financial or business ties.
Markets
Memecoins were already crashing post-$TRUMP. But the $LIBRA fiasco has caused key stats to plummet up to 40%.
Most of the crypto assets on tap to get spot ETFs are in a bubble due to the Trump bump. Institutions are likely to stay away, at least at the outset, so retail buyers could be left holding the bag.
The Trump Administration may nix his promised executive council in favor of informal industry summits. This new plan is seen as a way to avoid rife tribalism and infighting within the crypto industry.
Consumer prices unexpectedly rose 3% year on year, putting further pressure on the Federal Reserve to pause future rate decreases.
