🇺🇸 Paul Atkins, Trump's nominee, endorsed by Senate committee to head SEC

🖤 The committee voted: 13 in favor, 11 against. Now it's on to the final vote in the Senate.

🖤 Atkins is seen as crypto-friendly - he will replace the retiring Gary Gensler, and will likely finally roll back the old “regulation by lawsuit” policy.

🖤 Senator Elizabeth Warren has already criticized the appointment, calling it a “gift to crypto fraudsters,” and also mentioned Musk and the SBF.

ecoinometrics

Bitcoin will face new headwinds from risk assets.

The NASDAQ 100's 30-day loss is now comparable to a COVID drop or bear market in 2022.

Given bitcoin's strong correlation with risk assets, this indicates a challenging environment ahead.

🔍 The market is actively discussing the decoupling of bitcoin from the S&P 500 index

One of two things:

1) BTC has transformed into a standalone asset type in this crisis
2) BTC is simply lagging behind the S&P 500 and we have a leading signal ahead of an even bigger drop

Meanwhile, the head of CryptoQuant believes that we have officially entered a bear market

❌ FTX has canceled more than $2.5 billion in customer claims due to KYC violations

Nearly 400,000 users failed to verify before the March 3 deadline - their claims were completely rejected.

▶️Общая the sum of rejected claims could exceed $3.3 billion.

▶️FTX is preparing to start paying major creditors from May 30 - $11.4 billion will be repaid at November 2022 exchange rates.

🙊 According to FTX's lawyers, they have received “27 quintillion filings” in the process - of course this is sarcasm, but it clearly conveys the level of absurdity and the number of fake claims.

😭 Arkham fixed trader liquidated 12 hours before pamp

You'll say that's just what always happens to you. But this guy is special

His liquidation (drum roll) is $100 million, and this position has been open for 6 (six!) years!

We don't envy his therapist.

🔍 About 25% of the total bitcoin supply is currently at a loss

This is the highest level of unrealized losses since early September 2024, when up to 30% of the supply was in the negative

However, the price was at $54000 then

🆕 Paul Atkins is the new SEC chairman

Senate voted 52-44

During a Senate Banking Committee hearing in March, Atkins promised to make ensuring a strong regulatory framework for digital assets a top priority of his administration

He also promised to undo some of the SEC's regulatory approaches under Gary Gensler

🪙 Bitcoin typically lags the world's M2 money supply by 70-90 days

It's been 80 days since the world's new money supply growth began. Buckle up. �

The founder of Binance CZ believes that the bitcoin exchange rate will exceed $1 million sooner or later.

We are only at the beginning of the journey

🇺🇸 Senator Tim Scott: crypto market legislation will be passed by August

The head of the Senate Banking Committee said that Congress will approve two key pieces of legislation by August:

▶️ On crypto market structure - will determine who regulates exchanges, tokens and platforms (SEC or CFTC) and how.

▶️ On Stablecoins (GENIUS Act) - will establish rules for issuing dollar-denominated cryptocurrencies.

Scott emphasized that we need to “let innovation develop first” before we regulate. At the moment, the bills are supported by both Republicans and Democrats.

The chance of making money on Binance listings is only 37% 😧

Analysis of all tokens listed on Binance in 2025 shows that even with a perfect strategy (enter on the first day, exit on the peak) - the probability of being in the plus does not exceed 37%.

Why this happens:
- Binance is likely charging high listing fees
- For many tokens, listing is the final pampa
- After listing, the “post-hype” phase and protracted correction begins

Listing no longer = guaranteed growth. The market has become different - and blindly going “to Binance” doesn't work anymore

🔽Nvidia under attack: US-China trade war hits AI giant

Just a couple of weeks ago, Nvidia was the most valuable company in the world, with a capitalization of $3.7 trillion, but now it's at the center of one of the biggest geopolitical conflicts of our time.

What happened:

🔴 The US banned Nvidia from shipping its H20 series AI chips to China - citing “national security threats.”
🔴 As a result, Nvidia recorded a $5.5 billion loss in the first quarter - costs related to unsold chips and supply chain disruptions.
🔴 Shares fell 7% and the company lost $160+ billion in capitalization in just one evening.

⚪️ Whales leak ether

Over the past 5 days, Michael Novogratz's company Galaxy Digital has transferred 49,681 ETH ($79.36 million) to Coinbase at an average price of $1597.

In total, Whale has dumped 143,000 ETH in the last week.

🔨 Graph of gold and bitcoin mining, until 2100

We can conclude that there is a real scarcity of both assets

Crypto Speak: BTM

“BTM” is a cryptocurrency ATM that allows you to buy and sell Bitcoin in public places.

Sometimes, they are called crypto ATMs, but let’s put it correctly, and the correct way to put it is BTM.

😤 The S&P 500's return since Trump's inauguration is the worst of any U.S. president at a similar stage since 1928, the WSJ reports.

Interestingly, just six months ago, Trump was stating: if Kamala wins - we're in for a repeat of the Great Depression of 1929. If I win - we are one step away from the best economy the world has ever seen.