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🇺🇸 The U.S. as a Leader in Crypto and Stablecoin Regulation

🌍 In a recent interview, Heath Tarbert, former CFTC Chair and Circle President, emphasized that the world is looking to the U.S. for guidance on crypto and stablecoin regulation. Despite the U.S. lagging behind due to previous administration's stance, Circle believes there is still an opportunity for the U.S. to lead in this area.

🗣 Tarbert acknowledged the U.S.'s delay in establishing a regulatory framework but stressed the importance of doing so to maintain the U.S. dollar's status as a reserve currency. He stated,

The rest of the world is yearning for US regulation... they’re saying, ‘When are you guys going to get your regulation done? Because we’re eager to see it, and we want to be able to grant reciprocity.

📊 He pointed out that regulating stablecoins is more straightforward than other digital assets. Three key elements for stablecoins include: a reputable issuer, safe and liquid reserves, and transparency in reserves. As initiatives in the Senate and House progress, Tarbert advocates for regulating stablecoins as a separate asset class to avoid complicating the process with other market structure legislation.

🪙 Yescoin: Revolutionizing Cryptocurrency Investment through Strategic Partnerships

🌐 Investing in cryptocurrency has become increasingly complex due to speculative tokens and abandoned roadmaps. However, Yescoin, a Telegram-based Web3 platform, is changing this narrative by offering strategic partnerships with industry influencers to support its self-sustaining ecosystem products.

🤝 Yescoin's collaborations with leading exchanges and infrastructure providers address critical issues of liquidity, trust, and market coverage. For instance, Crypto exposes Yescoin to a vast user base of 80 million retail and institutional traders. OKX and Bitget ensure smoother token listings and reduced post-launch volatility risk, accounting for 15% of global crypto exchange liquidity. Additionally, Mantle provides Ethereum-compatible infrastructure for easy onboarding to DeFi protocols.

🎮 Yescoin boasts a functional ecosystem with gamified mini-apps, ad marketplace integration, and staking options. These features have enabled the platform to achieve 500,000 monthly active users and 25% month-over-month growth. In contrast, similar platforms like Axie Infinity took much longer to reach comparable numbers.

💰 Yescoin's unique revenue model addresses crypto's sustainability problem through on-chain advertising and deflationary mechanics. This approach creates perpetual buy pressure and contributes to a deflationary environment. Quarterly buybacks and burns funded by advertising revenue further stabilize prices during bearish phases, reducing dependency on token sales.

📊 With impressive user metrics such as 180,000 daily active users and a 38% weekly retention rate, Yescoin outperforms many competitors. The platform's integration with Telegram facilitates participation without requiring additional downloads.

⚠️ Despite its strong pre-launch traction, Yescoin faces challenges such as scaling infrastructure and regulatory scrutiny in the EU. However, its diversified revenue streams, active products, and strategic partnerships position it well for success in the crypto market takeover in 2025.

🕵️‍♂️ Unveiling Bitcoin's Creator: A Legal Battle for Transparency

📜 Attorney James Murphy has initiated a lawsuit against the U.S. Department of Homeland Security (DHS), demanding the release of documents that could reveal the identity of bitcoin's mysterious creator, Satoshi Nakamoto. This legal action was prompted by DHS's failure to respond to a Freedom of Information Act (FOIA) request submitted by Murphy earlier this year.

🗣 The request was based on a statement made by DHS Special Agent Rana Saoud during a 2019 presentation. She claimed that her agency had conducted an interview with Nakamoto, asserting that

DHS knows the identity of Satoshi Nakamoto.

Murphy argues that the public has a right to access this information, especially given the increasing government interest in bitcoin.

📍 The lawsuit references Saoud's remarks at the OffshoreAlert Conference North America, where she detailed a DHS mission to California that involved an in-person interview with four individuals connected to bitcoin's creation. Saoud reportedly stated,

He wasn’t alone in creating this. There were 3 other people. And they sat down and met with them and talked to them to find out how this actually works and what their reason for it was.

However, despite these claims, the DHS has not released any related interview transcripts or internal communications.

⚖️ Murphy emphasizes the significance of these records, particularly in light of recent government actions regarding bitcoin. He pointed out that

These records are immensely important, as federal and state officials are currently taking steps to investigate potential investment in bitcoin.

His FOIA request and subsequent lawsuit come at a time when bitcoin is gaining traction as a reserve asset among public institutions. The U.S. Senate is contemplating legislation for a bitcoin reserve managed by the U.S. Treasury, while around 20 states are considering bills to permit public funds to be invested in bitcoin.

📈 Murphy also highlights the growing adoption of bitcoin by both public and private entities, alongside an executive order from President Donald Trump establishing a Strategic Bitcoin Reserve. He argues that transparency is essential in this evolving landscape. With the DHS and Immigration and Customs Enforcement yet to respond to his request, Murphy is seeking court intervention to compel a response.

💰 Robert Kiyosaki's Urgent Bitcoin Warning Amidst Dollar Decline

⚠️ Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has issued a serious warning about the diminishing stability of the U.S. dollar and the global financial system. He urges investors to consider bitcoin as a protective measure for their wealth.

📉 On April 13, Kiyosaki highlighted several indicators of instability in traditional financial markets: rising gold prices, increasing demand for silver, and the growing prominence of bitcoin. He stated,

Please listen to gold, silver, and bitcoin. What are they telling you? Gold is at an all time high, demand for silver is exploding, and bitcoin is roaring.

💔 He framed the current situation as a systemic collapse, accusing central banks of facilitating a significant erosion of wealth. Kiyosaki specifically pointed out institutions like the Bank for International Settlements (BIS), the Bank of England, the Bank of Japan, the European Central Bank (ECB), and the U.S. Federal Reserve as key players in this deliberate economic restructuring. He claimed,

The corrupt and crooked U.S. dollar is being wiped out.

💪 In light of these challenges, Kiyosaki encourages individuals to invest in tangible, non-sovereign assets such as gold, silver, and bitcoin. He asserted,

Those who take action and acquire real gold, silver, and bitcoin may come out of this premeditated disaster… the new rich and the new leaders of the world.

🎓 Additionally, Kiyosaki criticized the traditional education system and its effectiveness in preparing individuals for financial independence. He reiterated his long-standing support for decentralized assets, particularly bitcoin, which he describes as "the people’s money." He believes that while a fundamental reset of global financial systems is not yet imminent, it is already underway.

🇺🇸 Bitdeer: A Shift Towards American-Made Bitcoin Mining Equipment

🔄 Bitdeer, a publicly listed bitcoin mining company, is set to manufacture its mining equipment in the United States. This decision is influenced by U.S. President Donald Trump’s trade policies.

🛠 In response to the tariffs imposed by the Trump administration, bitcoin mining rig producers are adjusting their operational strategies. Bitdeer plans to navigate these trade barriers through self-mining and domestic hardware production.

Our plan going forward is to prioritize our own self-mining,” said LaBerge.

This means that Bitdeer will depend on its in-house mining machines to independently generate bitcoin.

🇺🇸 Domestic competitor Auradine is already producing proprietary ASIC bitcoin miners in the United States. Bitdeer (Nasdaq: BTDR) will begin U.S.-based manufacturing in the latter half of 2025.

This is something we’ve been planning for a long time,” LaBerge stated. “We want to bring jobs and manufacturing back to America.

🔍 However, the broader mining sector remains uncertain about the future of the tariff structure.

The entire industry is trying to get clarity on how these tariffs might apply,” he explained.

💰 Ripple's Strategic Leap into Traditional Finance with Hidden Road Acquisition

🚀 Ripple has made a significant move in traditional finance by acquiring Hidden Road, a global prime brokerage firm, for $1.25 billion. This acquisition has received FINRA approval, allowing Ripple to enhance institutional access to fixed income markets.

📈 Hidden Road's subsidiary, Hidden Road Partners CIV US LLC, has been authorized by the Financial Industry Regulatory Authority to operate as a broker-dealer. This designation enables the firm to expand its fixed income prime brokerage platform, which includes services like Fixed Income Repo & Global Funding. The company stated,

As a broker-dealer, Hidden Road will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets.

🗣 Noel Kimmel, president of Hidden Road, emphasized the importance of this milestone for the firm's growth in capital markets. He said,

Our broker-dealer registration is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets.

Kimmel added that being a FINRA member will allow them to offer their technology-driven fixed income services to a broader range of institutional clients.

🌍 Ripple's acquisition of Hidden Road positions it as the first digital asset firm to own a global, multi-asset prime broker. This move aims to enhance Ripple's cross-border payment and custody services. Ripple CEO Brad Garlinghouse remarked,

We are at an inflection point for the next phase of digital asset adoption – the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end.

🔗 Ripple CTO David Schwartz described the deal as transformative for the XRP Ledger and XRP itself. He noted that XRP could support part of Hidden Road’s daily $10 billion clearing volume and 50 million transactions. The partnership will integrate blockchain-based settlement and use XRP and RLUSD for collateral and cross-asset trades, aiming to establish Hidden Road as the largest non-bank prime broker globally.

📰 Latam Insights Encore: President Milei's Bold Move to Control the Dollar in Argentina

🇦🇷 Last week, Argentina's government, led by President Javier Milei, took a significant step by securing an additional credit line from the International Monetary Fund (IMF). This move aims to open the economy to foreign investment and lift the "cepo," a series of currency controls that have been in place since 2019. This decision fulfills one of Milei's campaign promises and places the future of the Argentine economy in the government's hands.

To address this, the central bank has implemented a fluctuation system aimed at maintaining the exchange rate between 1,000 and 1,400 pesos per dollar.

🔄 The central bank will intervene in the market to stabilize the rate if it goes outside this range. During the first week of free flotation, the dollar remained stable, trending toward the lower end of the fluctuation system. This suggests confidence in Milei's strategy and indicates that Argentines have not fully committed to the dollar.

⚖️ Dealing with the dollar will be one of the biggest tests for Milei, and his political future is at stake. If successful, he will demonstrate his ability to dismantle a long-standing system without the possibility of withdrawal. However, if his plan fails, Argentines will face increased devaluation and inflation, overshadowing the anticipated economic miracle by rising debt levels with the IMF and other international lenders.

🚀 Arthur Hayes Predicts Bitcoin Boom Amid Trump’s Tariff Turmoil

🌪 Arthur Hayes, co-founder of Bitmex and principal at Maelstrom, recently drew a bold analogy between President Trump's trade policies and financial market risks. He likened the situation to avalanche forecasting, stating,

I characterize this chain of events as a policymaker pivot from 'everything is fine' to 'everything is fucked, we must do something', markets surged, and most importantly, bitcoin bottomed.

He declared a local bottom for bitcoin at $74,500.

📉 Hayes attributed the chaos in the market to Trump's tariff announcement, which he claimed heightened U.S. bond market volatility to crisis levels. This led to a swift reversal, prompting U.S. Treasury Secretary Scott Bessent to announce a bond buyback program. Hayes interpreted this move as stealth monetary easing and emphasized its bullish implications for digital assets:

Using this information, we as bitcoin hodlers and crypto degen investors know that the bottom is in because the next time Trump ramps up the Tariff rhetoric or refuses to reduce tariffs on China, bitcoin will rally in anticipation of the monetary mandarins running the money printing press at max Brrrrr levels to ensure bond market volatility remains muted.

🔮 He further noted that Trump's future tariff actions could lead to additional concessions without crushing bitcoin alongside certain equities. Hayes remarked,

Bitcoin knows that the deflationary policies cannot be sustained for long, given the insane levels of current and future debt the filthy financial system requires to operate.

💪 Despite recent market downturns, Hayes expressed strong optimism for bitcoin and the broader crypto market. He revealed Maelstrom's aggressive investment strategy, stating,

At Maelstrom, we have maxed out our crypto exposure. Now it’s all about buying and selling different cryptos to stack sats. The coin purchased in the largest quantity was bitcoin during the dip from $110,000 to $74,500.

🌍 With global sentiment portraying Trump as recklessly using tariffs, investors are seeking assets perceived as counter to the establishment. Hayes explained,

Physically, that’s gold. Digitally, that’s bitcoin.

He predicted a major capital shift within crypto markets:

Once bitcoin breaches $110,000, the previous all-time high, it will likely surge, further increasing dominance. Maybe it just misses $200,000. Then the rotation begins from bitcoin into shitcoins.

📉 Steve Hanke Warns: Trump's Tariffs Could Echo the 1930s Economic Collapse

👎 Economist Steve Hanke has expressed strong opposition to U.S. President Donald Trump’s tariff policies, drawing parallels between the current economic climate and the early 1930s. He specifically references the Smoot-Hawley Tariff Act, which he describes as

the stupidest thing I’ve ever seen in my life.

📱 On the social media platform X, Hanke has been vocal about his concerns. He quoted his friend and former colleague David Stockman, stating that

Trump’s proposed tariffs will increase input costs for American businesses by $500 billion.

Hanke emphasized that

tariffs equal an economic wrecking ball.

📉 In a video posted on X, Hanke warned that current economic policies resemble those of the early 1930s, when the Smoot-Hawley Tariff Act was implemented. He noted,

The money supply was contracting. That caused a slowdown in the start of the Great Depression.

He further explained that the announcement of the Smoot-Hawley tariff in March 1930 led to a market crash, with the Dow Jones Industrial Average losing 83% of its value by June 1932.

🤔 Hanke criticized the Trump administration's approach, suggesting that its advisors either misunderstand or underestimate the risks involved. He pointed out Trump's casual dismissal of potential economic fallout as a minor or short-lived issue reflects a disconnect from historical precedent and monetary realities.

🎥 In the video, Hanke stated,

We’ve seen this movie before. It’s clear that the people around Trump had no clue of what’s going on.

He warned that if the current situation does not change,

we’re in for a lot of trouble.

He concluded by diplomatically calling the situation

the stupidest thing I’ve ever seen in my life. The U.S. is just creating enemies.

💰 Ripple's Acquisition Bid for Circle Internet Group

🔍 Ripple has made a significant move in the cryptocurrency space by attempting to acquire its competitor, Circle Internet Group. The company offered between $4 billion and $5 billion for Circle; however, insiders reported that the offer was rejected due to its undervaluation of the company.

📈 Despite this setback, Ripple remains interested in Circle, although it is uncertain whether they will make a follow-up bid. Meanwhile, Circle is moving forward with its plans for an initial public offering (IPO), which was filed earlier this month.

💵 Ripple recently launched its RLUSD stablecoin in December, which currently has a market value of approximately $316.9 million. This places it in competition with Circle's USDC stablecoin, which boasts a much larger valuation of $61.7 billion.

🗣 A spokesperson for Circle declined to provide details about the potential deal, citing regulatory constraints and a quiet period under the SEC. Ripple also chose not to comment publicly on the matter.

📉 Federal Reserve Rate Cut Expectations Dwindle Ahead of FOMC Meeting

📅 Just over two weeks ago, there was a 39.8% chance that the U.S. Federal Reserve would reduce the federal funds rate by 25 basis points. However, as we approach the next Federal Open Market Committee (FOMC) meeting on May 7, that probability has plummeted to just 7.8%.

📉 U.S. equity indexes fell in response to recent data indicating a contraction in gross domestic product (GDP), amidst ongoing trade negotiations and concerns over President Donald Trump’s tariff policies. The Federal Reserve’s Board of Governors will meet on May 7 to decide on the benchmark interest rate.

🗣 Trump's views on Federal Reserve Chair Jerome Powell have shifted significantly. He initially criticized Powell for being slow and even suggested his removal. However, Trump later retracted those statements, asserting he had no intention of dismissing the Fed chair. At a rally in Michigan, he claimed to have superior knowledge in monetary matters, stating,

I have a Fed person who is not really doing a good job.

📊 According to projections from the CME Fedwatch tool, the chances of a rate cut are minimal, with markets favoring no change. While there is a slight 7.8% probability for a 25 basis point reduction, the overwhelming expectation is 92.2% for maintaining the current rate. The Fedwatch tool assesses these odds by analyzing fed funds futures prices to provide real-time market insights.

📈 A 2025 study published on SSRN credits the Fedwatch tool with an 88% accuracy rate in predicting Federal Reserve decisions. Meanwhile, Polymarket’s prediction market indicates a 93% chance of no rate change and a 7% chance of a cut, with $32 million in wagers placed. On Kalshi, the probability for a quarter-point cut is slightly higher at 10%.

💼 As traders overwhelmingly anticipate no changes to the rate, market sentiment reflects confidence in the Fed's ability to maintain its position during the upcoming May FOMC meeting. This confidence persists despite political pressure from Trump and economic uncertainties related to tariffs. The disparity between sentiment and speculation highlights how firmly entrenched expectations have become.

🔍 Whether the central bank will strictly adhere to data or yield to broader narratives could soon become a pivotal moment for its monetary credibility. However, with a week remaining before the meeting, there is still ample time for FOMC members to reconsider their positions.

📈 XRP's Current Market Position and Technical Analysis

💹 XRP is currently trading at $2.14 with a market capitalization of $125 billion and a 24-hour trading volume of $1.99 billion. The asset's intraday price range is between $2.09 and $2.16, indicating cautious buying pressure.

📊 On the 1-hour chart, XRP has recovered from a recent low of $2.077 and is moving towards $2.14. This short-term rally is supported by increased buying pressure, especially in green candle volumes. A potential rounded bottom pattern suggests that bullish sentiment may be building. Entry signals were identified in the $2.09–$2.10 range, with traders watching for minor pullbacks to reinforce support. Upside targets are near $2.15 to $2.17.

📉 The 4-hour chart shows a descending channel structure with lower highs and lower lows. XRP found support near $2.077 and is testing the upper resistance boundary of the channel. A sustained breakout above the $2.15–$2.16 resistance band with rising volume would provide stronger bullish confirmation. However, failure to clear this level could renew downward pressure.

📅 On the daily chart, there is a longer-term bearish trend following a decline from approximately $2.50 to a bottom of $1.611 in April. The market entered a gradual recovery phase but has struggled to decisively surpass the $2.16–$2.17 resistance area. Support remains in the $2.05–$2.10 zone while resistance lies between $2.30 and $2.35.

🔄 Oscillator data shows a broadly neutral sentiment. The relative strength index (RSI) is at 46.69, indicating neither overbought nor oversold conditions. However, the momentum indicator suggests mild bearishness, and the moving average convergence divergence (MACD) level issues a bearish signal.

📉 A review of moving averages highlights a broadly bearish bias across shorter time frames. The exponential moving averages (EMA) for 10, 20, and 30 periods reflect negative signals, although longer-term averages like the 200-period EMA and SMA imply that the current price is still above major support zones.

🔮 In conclusion, XRP is at a technical crossroads. While there are signs of short-term recovery, the overall sentiment favors caution due to the prevailing bearish configuration of oscillators and moving averages. Until a definitive breakout above $2.16 is confirmed with strong volume, the outlook remains neutral with a bearish lean. Traders should prepare for a binary outcome based on near-term price action at resistance.

🚨 Breaking: FED Leaves Interest Rates Unchanged at FOMC Meeting 🏛

👉 Read more

🛢 Emarat Partners with Crypto to Introduce Cryptocurrency Payments at Fuel Stations

🚀 Emarat, a leading fuel provider in the UAE, has teamed up with Crypto to offer cryptocurrency payment services at 10 of its fuel stations. This move highlights the UAE's growing reputation as a hub for financial innovation.

🗣 In a statement, Emarat announced plans to expand crypto payment options across its entire network of 155 service stations located in Dubai and the Northern Emirates. Alongside this initiative, they also introduced a fuel naming rights program.

📍 The statement mentioned,

As part of this collaboration, we are also launching the Emarat x Crypto Service Station on Al Wasl Road in Dubai — a flagship location under the world’s first-of-its-kind Project Landmark, which introduces naming rights for fuel stations.

🌍 This partnership between a major regional fuel provider and a leading cryptocurrency exchange highlights the increasing acceptance of digital assets in the MENA region. Dubai's blockchain strategy and regulatory frameworks are further promoting cryptocurrency adoption.

💡 The initiative aims to enhance retail convenience and improve customer experience at Emarat stations, positioning Emarat as a leader in digital payment solutions within the fuel retail sector. Emarat stated,

This partnership embodies our joint commitment to innovation, redefining retail convenience, and enhancing the customer journey through cutting-edge digital experiences.

💰 Bitcoin ETFs See Strong Inflows While Ether ETFs Recover

📈 Bitcoin exchange-traded funds (ETFs) continued to attract significant investments, with a net inflow of $321 million, primarily driven by major players like Blackrock and Fidelity. In contrast, ether ETFs ended a three-day outflow streak with a modest inflow of $18 million, also led by Blackrock.

Bitcoin ETFs continue to demonstrate strong momentum,

said a market analyst. On May 9, the last trading day of the week, inflows totaled $334.58 million, highlighting ongoing institutional confidence. Blackrock’s IBIT was the standout performer, bringing in $356.20 million. Fidelity’s FBTC added $45 million and Vaneck’s HODL contributed $13.12 million. However, Grayscale’s GBTC experienced a significant outflow of $65.16 million and Bitwise’s BITB saw $14.59 million exit.

💪 Despite these outflows, the overall gains for bitcoin ETFs remained strong. Total trading volume reached $2.66 billion and net assets surged to $121.23 billion. This reflects a positive upward trend for the segment this month.

🌱 In the ether ETF market, sentiment shifted to a cautiously optimistic tone. A $17.61 million inflow into Blackrock’s ETHA ended three consecutive days of outflows for the category. While no other ether ETFs showed movement, this was sufficient to bring total net inflows to $18 million.

With bitcoin ETFs leading the way and ether showing signs of recovery,

the analyst noted,

the digital asset ETF space seems to be regaining its footing.

Ether ETF volume also increased significantly to $620.39 million and net assets rose to $8.02 billion, surpassing the $8 billion mark for the first time in weeks.

📉 Market Fatigue: Cryptocurrencies, Precious Metals, and Equities Decline

📉 Today, cryptocurrencies, precious metals, and equities experienced a decline after a recent rally. Signs of fatigue are becoming evident as momentum stalls across various asset classes. Bitcoin dropped to a mid-day low of $102,622.

📉 During Wednesday's mid-day session, BTC fell to $102,622 from an intraday peak of $104,836. Technical indicators suggest that overbought conditions have led to persistent selling pressure. This follows two unsuccessful attempts to突破 the $105,000 resistance level. Both BTC and ETH decreased by approximately 1%, while other top tokens saw even greater losses.

📉 The broader crypto market declined by 1.12% in the past 24 hours. Trade volume remained steady at around $146.31 billion. A few tokens—WAL, RAY, PENGU, and FORM—posted gains between 5% and 10%, while EOS, BRETT, WIF, and PI experienced losses ranging from 9.2% to 10%.

📉 Major U.S. stock indices also saw mixed results, with the Nasdaq holding up slightly amid rising bond yields. The NYSE Composite fell by 0.55%, the Dow Jones Industrial Average dipped by 0.28%, and the S&P 500 inched down by 0.02%. Persistent recession forecasts and a tightening stance by the Federal Reserve continue to weigh heavily on investor sentiment.

📉 Precious metals were not immune to the downturn either. Gold declined by more than 2%, silver fell by 1.96%, platinum slipped by 0.85%, and palladium recorded a modest loss of 0.24%. The recent wave of optimism tied to trade negotiations appears to be tapering off. By 2:30 p.m. (ET), bitcoin managed to recover slightly, climbing back above the $103,000 range.