๐บ๐ธ Senator Lummis Urges Trump Team to Scrap Crypto Tax
In an official letter, Senator Cynthia Lummis called on the Trump transition team to eliminate capital gains tax on crypto for companies. ๐งพ
She argues cryptoโs volatility makes it unfair to apply traditional asset tax rules, killing any incentive for firms to hold or report crypto on corporate balance sheets.
๐ง Lummis is pushing for tailored tax reforms โ not a copy-paste from TradFi.
In an official letter, Senator Cynthia Lummis called on the Trump transition team to eliminate capital gains tax on crypto for companies. ๐งพ
She argues cryptoโs volatility makes it unfair to apply traditional asset tax rules, killing any incentive for firms to hold or report crypto on corporate balance sheets.
๐ง Lummis is pushing for tailored tax reforms โ not a copy-paste from TradFi.
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๐ฆ Tether-Backed Firm Buys $458M in BTC ๐คฏ
New crypto investment firm Twenty One Capital, backed by Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, just grabbed 4,812 BTC for a whopping $458.7M โ at an average price of $95.3K BTC. ๐ฌ
The buy happened as part of a SPAC deal to take the company public. BTC was initially scooped by Tether, then transferred to Twenty One's wallet.
Led by Strike founder Jack Mallers, the firm now holds $3.6B in Bitcoin, ranking #3 among public BTC treasuries. ๐
Wall Street meets Bitcoin maxis โ and theyโre not buying dip, theyโre buying moon. ๐
New crypto investment firm Twenty One Capital, backed by Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, just grabbed 4,812 BTC for a whopping $458.7M โ at an average price of $95.3K BTC. ๐ฌ
The buy happened as part of a SPAC deal to take the company public. BTC was initially scooped by Tether, then transferred to Twenty One's wallet.
Led by Strike founder Jack Mallers, the firm now holds $3.6B in Bitcoin, ranking #3 among public BTC treasuries. ๐
Wall Street meets Bitcoin maxis โ and theyโre not buying dip, theyโre buying moon. ๐
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๐ Bitcoin beats Wall StreetโFrench edition ๐ซ๐ท
The Blockchain Group (ALTBG), a French firm betting big on Bitcoin, has seen its stock skyrocket over 610% in just 6 months! ๐
Their strategy? Simple: stack sats. By aggressively increasing their treasury's Bitcoin reserves, theyโve outperformed traditional markets by a landslide.
While others debate ETFs and rate hikes, ALTBG is showing what full-on crypto conviction looks like. ๐ผ๐ฐ
Bitcoin strategy: 1
Stock market: 0
The Blockchain Group (ALTBG), a French firm betting big on Bitcoin, has seen its stock skyrocket over 610% in just 6 months! ๐
Their strategy? Simple: stack sats. By aggressively increasing their treasury's Bitcoin reserves, theyโve outperformed traditional markets by a landslide.
While others debate ETFs and rate hikes, ALTBG is showing what full-on crypto conviction looks like. ๐ผ๐ฐ
Bitcoin strategy: 1
Stock market: 0
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๐บ๐ธ๐งข Trump: "I like crypto!"
President Trump just said heโs bullish on crypto and believes the market could easily surpass $10 trillion in value. ๐ฌ
Right now, total crypto market cap = $3.3T.
So... just a casual 3x incoming? ๐๐ค
President Trump just said heโs bullish on crypto and believes the market could easily surpass $10 trillion in value. ๐ฌ
Right now, total crypto market cap = $3.3T.
So... just a casual 3x incoming? ๐๐ค
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๐ Ethereum aims for Trillion Dollar Security ๐๐ฐ
The Ethereum Foundation has launched a bold new initiative to make the network secure enough to safely hold trillions โ from users with $1K to governments with billions. ๐ฆ
๐ Key goals:
โช๏ธHunt vulnerabilities across all layers
โช๏ธPrioritize and deploy critical upgrades
โช๏ธBoost transparency around security
Ethereum isnโt just for degen NFTs anymore โ itโs suiting up for the big leagues. ๐งโ๐
The Ethereum Foundation has launched a bold new initiative to make the network secure enough to safely hold trillions โ from users with $1K to governments with billions. ๐ฆ
๐ Key goals:
โช๏ธHunt vulnerabilities across all layers
โช๏ธPrioritize and deploy critical upgrades
โช๏ธBoost transparency around security
Ethereum isnโt just for degen NFTs anymore โ itโs suiting up for the big leagues. ๐งโ๐
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๐ฆท๐ง Financial Times journalist compares Bitcoin scarcityโฆ to her teeth?
Katie Martin questioned BTC's $2T valuation, saying:
Crypto Twitter didnโt hold back โ memes, roasts, and dental jokes are flying faster than a Bitcoin bull run. ๐๐
Looks like the only thing more limited than BTC is the patience of the crypto crowd.
Katie Martin questioned BTC's $2T valuation, saying:
โMy teeth are pretty scarce and pretty useful. But they are not worth billions of bucks.โ ๐ค
Crypto Twitter didnโt hold back โ memes, roasts, and dental jokes are flying faster than a Bitcoin bull run. ๐๐
Looks like the only thing more limited than BTC is the patience of the crypto crowd.
๐ฏ5๐3โค1
๐ EOS โ A: Rebrand Mode Activated
Binance will replace the $EOS ticker with $A on May 26 as part of EOS's transformation into Vaulta. ๐ช
The Vaulta team has already launched a token swap portal for a 1:1 conversion: Swap here ๐
So yes, EOS got a new name, a new look, and hopefully... a new life. โจ
Binance will replace the $EOS ticker with $A on May 26 as part of EOS's transformation into Vaulta. ๐ช
The Vaulta team has already launched a token swap portal for a 1:1 conversion: Swap here ๐
So yes, EOS got a new name, a new look, and hopefully... a new life. โจ
๐คทโโ3๐1
๐ป Casa CEO vs North Korean โEngineerโ ๐ฏ
Jameson Lopp, CEO of Casa, revealed their security team blocked a North Korean hacker who tried to get hired as an engineer. ๐ณ
Jameson Lopp, CEO of Casa, revealed their security team blocked a North Korean hacker who tried to get hired as an engineer. ๐ณ
โThis fool didnโt even make it past the initial phone screen. Weโve got ways to catch fake Americans. ๐ค โ
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๐ Bitcoin's Green Light: MACD Says "Go!" ๐
A proven momentum indicator just flipped bullish for BTC ๐
The MACD histogram turned green โ a signal that has preceded every major rally since 2020. ๐
๐ฎ Analysts are now doubling down on price targets of $140K to $200K
๐ธ BTC bounced off its 50-week SMA
๐ธ MACD crossed above zero (aka the โblast-offโ zone)
๐ธ Last time this happened? BTC broke $70K and kept soaring
History doesnโt always repeat โ but Bitcoin sure likes to rhyme ๐
A proven momentum indicator just flipped bullish for BTC ๐
The MACD histogram turned green โ a signal that has preceded every major rally since 2020. ๐
๐ฎ Analysts are now doubling down on price targets of $140K to $200K
๐ธ BTC bounced off its 50-week SMA
๐ธ MACD crossed above zero (aka the โblast-offโ zone)
๐ธ Last time this happened? BTC broke $70K and kept soaring
History doesnโt always repeat โ but Bitcoin sure likes to rhyme ๐
๐7
๐ค Tether goes full sci-fi: Meet QVAC
Tether just dropped QVAC โ a decentralized AI platform that runs locally on your devices, no cloud, no API keys, no Big Brother ๐
AI agents can now:
โช๏ธWork offline
โช๏ธPay each other in BTC & USDT via built-in Wallet Dev Kit
โช๏ธScale up like a digital swarm of bees ๐ (think: trillions of agents buzzing around)
โช๏ธ Operate on anything from smartphones to brain-computer interfaces
First apps incoming:
๐ฃ QVAC/Translate โ instant on-device translation
๐ฉบ QVAC/Health โ a private health tracker that doesnโt snitch on your data
Tether isnโt just printing stablecoins anymore โ itโs building an army of AI with wallets ๐
Tether just dropped QVAC โ a decentralized AI platform that runs locally on your devices, no cloud, no API keys, no Big Brother ๐
AI agents can now:
โช๏ธWork offline
โช๏ธPay each other in BTC & USDT via built-in Wallet Dev Kit
โช๏ธScale up like a digital swarm of bees ๐ (think: trillions of agents buzzing around)
โช๏ธ Operate on anything from smartphones to brain-computer interfaces
First apps incoming:
๐ฃ QVAC/Translate โ instant on-device translation
๐ฉบ QVAC/Health โ a private health tracker that doesnโt snitch on your data
Tether isnโt just printing stablecoins anymore โ itโs building an army of AI with wallets ๐
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๐ฐ Bitcoin Going into HODL Mode
The amount of illiquid BTC โ coins that are rarely moved or sold โ has just hit an all-time high, crossing 14 million.
๐ Less BTC on the move = less sell pressure
๐ Historically, this has signaled long-term bullish momentum
The diamond hands are stacking โ and the chart knows it ๐๐
The amount of illiquid BTC โ coins that are rarely moved or sold โ has just hit an all-time high, crossing 14 million.
๐ Less BTC on the move = less sell pressure
๐ Historically, this has signaled long-term bullish momentum
The diamond hands are stacking โ and the chart knows it ๐๐
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๐ฌ โI personally checked Tetherโs reservesโ โ Brandon Lutnick, Chairman of Cantor Fitzgerald
At Consensus 2025, Lutnick confirmed he personally verified Tetherโs reserves and dismissed rumors about insufficient backing of the USDT stablecoin.
๐ His statement adds weight, as Cantor Fitzgerald is one of the worldโs top financial firms โ and Brandon is also the son of current U.S. Commerce Secretary Howard Lutnick.
At Consensus 2025, Lutnick confirmed he personally verified Tetherโs reserves and dismissed rumors about insufficient backing of the USDT stablecoin.
๐ His statement adds weight, as Cantor Fitzgerald is one of the worldโs top financial firms โ and Brandon is also the son of current U.S. Commerce Secretary Howard Lutnick.
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๐ Glassnode: โStill a Bitcoin-led cycleโ
Since BTC dominance peaked at 64.4% on May 8, market shares shifted:
โซ๏ธ ETH rose to 9.75% (+3%)
โซ๏ธ Altcoins climbed to 22.35% (+2%)
๐ป Stablecoins dropped to 6.3%
Despite gains, ETH and alts remain well below past highs (18% and 28.5%). Analysts note: Bitcoin continues to drive this market cycle.
Since BTC dominance peaked at 64.4% on May 8, market shares shifted:
โซ๏ธ ETH rose to 9.75% (+3%)
โซ๏ธ Altcoins climbed to 22.35% (+2%)
๐ป Stablecoins dropped to 6.3%
Despite gains, ETH and alts remain well below past highs (18% and 28.5%). Analysts note: Bitcoin continues to drive this market cycle.
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๐งต LOOP: Finally, a Telegram bot that just works
Tired of clunky dashboards and browser wallets? LOOP brings it all inside Telegram โ buy, sell, track positions, send SOL โ right in one thread. ๐ง โก๏ธ
No browser. No presale. No mystery points. Just a clean, live bot that pays early users in real SOL.
๐ซก First 3,000 users get:
๐น 35% from direct referrals
๐น Up to 47% total commission
๐น Lifetime share of the 0.7% fee
Yep, that fee doesnโt go to some random wallet โ it goes to you if you're early. ๐
No coin yet. No promises. Just a working tool that rewards you now.
๐ Dive in loopbot.net
๐ Try the bot
Tired of clunky dashboards and browser wallets? LOOP brings it all inside Telegram โ buy, sell, track positions, send SOL โ right in one thread. ๐ง โก๏ธ
No browser. No presale. No mystery points. Just a clean, live bot that pays early users in real SOL.
๐ซก First 3,000 users get:
๐น 35% from direct referrals
๐น Up to 47% total commission
๐น Lifetime share of the 0.7% fee
Yep, that fee doesnโt go to some random wallet โ it goes to you if you're early. ๐
No coin yet. No promises. Just a working tool that rewards you now.
๐ Dive in loopbot.net
๐ Try the bot
๐7
๐ฆท Bitcoin maxis fired back at Financial Times journalist Katie Martin, who joked that her teeth are scarce and useful โ yet not worth billions.
They reminded her:
โช๏ธThere are ~224 billion human teeth in the world
โช๏ธBut only 21 million bitcoins ever
Scarcity isnโt just a joke โ itโs Bitcoinโs core value. Invest accordingly. ๐ง
They reminded her:
โช๏ธThere are ~224 billion human teeth in the world
โช๏ธBut only 21 million bitcoins ever
Scarcity isnโt just a joke โ itโs Bitcoinโs core value. Invest accordingly. ๐ง
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๐ Bitcoin is still undervalued, says Blockstream CEO Adam Back.
๐ฌ In a new interview, the crypto pioneer told Decrypt that BTC could reach $500Kโ$1M this cycle, citing:
๐ธ Record inflows from spot Bitcoin ETFs ($41B+)
๐ธ Growing institutional adoption
๐ธ Pro-crypto U.S. policies under Trump
Back, who invented Hashcash and exchanged emails with Satoshi in 2008, believes the current ~$100K price is low considering market conditions. ๐
โIf we break the all-time high, the momentum could take BTC much higher,โ he said. ๐ค
๐ฌ In a new interview, the crypto pioneer told Decrypt that BTC could reach $500Kโ$1M this cycle, citing:
๐ธ Record inflows from spot Bitcoin ETFs ($41B+)
๐ธ Growing institutional adoption
๐ธ Pro-crypto U.S. policies under Trump
Back, who invented Hashcash and exchanged emails with Satoshi in 2008, believes the current ~$100K price is low considering market conditions. ๐
โIf we break the all-time high, the momentum could take BTC much higher,โ he said. ๐ค
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๐จ๐ณ Chinese firm to buy $800M in BTC & $TRUMP
Addentax Group Corp, a diversified Chinese holding, has announced a bold $800 million plan to acquire Bitcoin and the official Trump memecoin ($TRUMP).
The company operates across apparel manufacturing, logistics, real estate, and epidemic prevention. ๐ท
This surprising move signals growing interest from traditional companies in Web3โand possibly a new form of tokenized political lobbying. ๐คต๐ปโโ๏ธ๐ต
Addentax Group Corp, a diversified Chinese holding, has announced a bold $800 million plan to acquire Bitcoin and the official Trump memecoin ($TRUMP).
The company operates across apparel manufacturing, logistics, real estate, and epidemic prevention. ๐ท
This surprising move signals growing interest from traditional companies in Web3โand possibly a new form of tokenized political lobbying. ๐คต๐ปโโ๏ธ๐ต
๐6โค1
๐ JPMorgan: Bitcoin likely to outperform gold in H2 2025
According to JPMorgan analysts, Bitcoin is showing stronger upside potential than gold heading into the second half of 2025.
๐ธ The โdebasement tradeโ (hedging against fiat with BTC/gold) has become a zero-sum game.
๐ธ Recently, BTC has risen 18% while gold dropped ~8%.
๐ธ Investors are shifting funds from gold ETFs into spot Bitcoin and crypto funds.
๐ธ Corporate buys (like Strategy and Metaplanet) and U.S. state-level adoption (NH, AZ) add momentum.
๐ธ Institutional confidence grows with crypto derivatives maturing and key acquisitions (e.g., Coinbase buying Deribit).
๐ JPMorgan sees crypto-specific catalysts driving BTC higher than gold in the months ahead. ๐
According to JPMorgan analysts, Bitcoin is showing stronger upside potential than gold heading into the second half of 2025.
๐ธ The โdebasement tradeโ (hedging against fiat with BTC/gold) has become a zero-sum game.
๐ธ Recently, BTC has risen 18% while gold dropped ~8%.
๐ธ Investors are shifting funds from gold ETFs into spot Bitcoin and crypto funds.
๐ธ Corporate buys (like Strategy and Metaplanet) and U.S. state-level adoption (NH, AZ) add momentum.
๐ธ Institutional confidence grows with crypto derivatives maturing and key acquisitions (e.g., Coinbase buying Deribit).
๐ JPMorgan sees crypto-specific catalysts driving BTC higher than gold in the months ahead. ๐
๐6
๐จ $78M Laundering Loophole in Tetherโs USDT Freeze System โ๏ธ
A new report by AMLBot reveals a major flaw in Tetherโs wallet-freezing mechanism:
โ ๏ธ Criminals are exploiting a delay of up to 44 minutes between freeze initiation and on-chain enforcement.
๐ Key findings:
โข Over $78M in USDT moved through Ethereum and Tron before freezes took effect
โข The gap creates a real vulnerability in whatโs considered a compliance-friendly asset
๐ The report raises serious questions about Tetherโs AML protections and the need for faster freeze execution in crypto security.
A new report by AMLBot reveals a major flaw in Tetherโs wallet-freezing mechanism:
โ ๏ธ Criminals are exploiting a delay of up to 44 minutes between freeze initiation and on-chain enforcement.
๐ Key findings:
โข Over $78M in USDT moved through Ethereum and Tron before freezes took effect
โข The gap creates a real vulnerability in whatโs considered a compliance-friendly asset
๐ The report raises serious questions about Tetherโs AML protections and the need for faster freeze execution in crypto security.
๐7
Crypto soothsayer
๐ค Ripple and SEC Reach Settlement! Ripple and the SEC have reached a settlement agreement, as revealed in their joint letter to the U.S. District Court in New York. ๐ฉ The two parties are requesting an indicative ruling to lift the court's restrictions onโฆ
โ๏ธ Update on SEC vs Ripple: Court Rejects Revision Requests
Judge Analisa Torres has rejected both Ripple's and the SEC's motions to revise the final ruling under the guise of a "settlement approval." The court viewed this as an attempt to alter an already-issued verdict. ๐
๐ Bottom line: The prior decisions stand firm, including Ripple's $125M penalty.
Both parties must now explore new avenues to resolve the dispute โ the shortcut is off the table.
Judge Analisa Torres has rejected both Ripple's and the SEC's motions to revise the final ruling under the guise of a "settlement approval." The court viewed this as an attempt to alter an already-issued verdict. ๐
๐ Bottom line: The prior decisions stand firm, including Ripple's $125M penalty.
Both parties must now explore new avenues to resolve the dispute โ the shortcut is off the table.
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