📦 Trump secretly discussed firing Fed Chairman Powell — WSJ.
🍿 Trump spoke with former Fed Chairman Kevin Warsh about firing Powell early and appointing Warsh as his replacement. Warsh advised Trump not to fire Powell and not to interfere until the Fed chairman's term was up.
⏳ Jerome Powell's term as Chairman of the Federal Reserve (Fed) ends on May 15, 2026. He was appointed to his first term on February 5, 2018, and was re-confirmed for a second four-year term by President Joe Biden on May 23, 2022.
🔝 @education
⏳ Jerome Powell's term as Chairman of the Federal Reserve (Fed) ends on May 15, 2026. He was appointed to his first term on February 5, 2018, and was re-confirmed for a second four-year term by President Joe Biden on May 23, 2022.
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"AI (AI) will be able to perform at the same level as humans or even better than them in healthcare and education in the next 10 years," he says.
Gates believes:
- AI teachers - provide education with an individual approach to each student.
They determine and adapt to each person's level of acceptance and learning style.
- AI doctors — working with big data, identify disease early and offer treatment quickly and accurately.
- Most importantly: these technologies make health and education opportunities easier and cheaper, especially in poor countries.
But this positive change can also bring with it a world of questions, including:
1️⃣
Can artificial intelligence really replace teachers and doctors?
2️⃣
How much can we rely on a system that lacks human emotion, empathy, and compassion?
3️⃣
Or should this technology be just an aid, a burden-relief for people?
4️⃣
If children are only taught through AI, what will be the impact on their social skills, educational attainment, and emotional development?
6️⃣
How much trust do people have in medical diagnoses made using AI — especially when it's a matter of life and death?
7️⃣
What if only the rich could use these technologies? Wouldn't the existing gap deepen?
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– Bitcoin maximalists are people who believe that Bitcoin is superior to all other cryptocurrencies and that it will remain the sole digital currency in the future. They emphasize Bitcoin's decentralized nature, limited supply of 21 million, anonymity, and the ability to transact without third parties. They often view other cryptocurrencies (altcoins) as useless or unnecessary.
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🗣️ Elon Musk has been quiet about cryptocurrencies for a long time.
🕑 But if beautiful girls write to you about cryptocurrencies, block them immediately.
🔝 @education
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Media is too big
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🗣️ US Treasury Secretary Scott Bessant addressed the nation via his Twitter account.
🔝 @education
America has treated me very well, and I want to share the lessons I have learned with others.
Through financial literacy, you can build economic security and peace of mind while working towards your long-term goals.
The sooner you start thinking about making smart financial decisions, the easier it will be to accumulate wealth.
Saving is a lifelong process that allows you to retire, provide for your family, save for education, or create a reserve for unexpected expenses.
Everyone should focus on financial literacy. Making good financial decisions ensures economic security. The small choices you make now can pay off big in the future.
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🏦 Bank service fee for transferring $1 million is $5,000-10,000 (0.5%-1%).
🤖 Now let's look at the fees of popular blockchains for transferring 1 million USDT with Grok:
1. TRON (TRC-20) — Average 1-2 USDT, sometimes can drop to 0.8 USDT. Approximately 1-2 USDT for 1 million USDT (the commission remains constant even if the amount is large).
2. Binance Smart Chain (BEP-20) — Average 0.8-2 USDT. Approximately 0.8-2 USDT per $1 million USDT. As cheap and fast as TRON, but widely used in the Binance ecosystem.
3. Ethereum (ERC-20) — Gas fees on the Ethereum network depend on network usage. In 2025, they will be in the range of 3-25 USDT on average, but can increase to 50 USDT during peak usage. Approximately 3-25 USDT per 1 million USDT (under normal conditions), or up to 50 USDT during peak usage.
4. TON (The Open Network) — Constant 0.0145 TON (about 0.1-0.2 USDT, depending on the TON price). About 0.1-0.2 USDT per 1 million USDT. One of the cheapest options, especially with Telegram integration.
5. Centralized exchange fees (e.g. Binance) — 0.8 USDT for TRC-20 or BEP-20, 3.2 USDT for ERC-20. When withdrawing or transferring via its own BSC blockchain, the fee is often 0%.
🔝 @education
🤖 Now let's look at the fees of popular blockchains for transferring 1 million USDT with Grok:
1. TRON (TRC-20) — Average 1-2 USDT, sometimes can drop to 0.8 USDT. Approximately 1-2 USDT for 1 million USDT (the commission remains constant even if the amount is large).
2. Binance Smart Chain (BEP-20) — Average 0.8-2 USDT. Approximately 0.8-2 USDT per $1 million USDT. As cheap and fast as TRON, but widely used in the Binance ecosystem.
3. Ethereum (ERC-20) — Gas fees on the Ethereum network depend on network usage. In 2025, they will be in the range of 3-25 USDT on average, but can increase to 50 USDT during peak usage. Approximately 3-25 USDT per 1 million USDT (under normal conditions), or up to 50 USDT during peak usage.
4. TON (The Open Network) — Constant 0.0145 TON (about 0.1-0.2 USDT, depending on the TON price). About 0.1-0.2 USDT per 1 million USDT. One of the cheapest options, especially with Telegram integration.
5. Centralized exchange fees (e.g. Binance) — 0.8 USDT for TRC-20 or BEP-20, 3.2 USDT for ERC-20. When withdrawing or transferring via its own BSC blockchain, the fee is often 0%.
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🏦 The Fed did this to inject liquidity (cash flow) into the market, without lowering interest rates, as a sharp reduction in rates could cause panic in the market. This purchase was made through SOMA (System Open Market Account), which is one of the Fed's regular operations for reinvestment purposes.
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Arizona created a Bitcoin Reserve Fund on May 7, 2025, becoming the 2nd state in the US to implement such a system.
🔹 Unclaimed digital assets, airdrops, and staking proceeds will be added to the fund.
🔹 The state does not buy Bitcoin directly.
🔹 SB1373 has also been sent to the governor for signature.
Oregon also passed SB 167, a law regulating digital assets, on May 7, 2025.
🔹 Cryptocurrencies and NFTs are recognized as legal assets.
🔹 They can be used as collateral, and investors' rights are protected.
🔹 A 1-year transition period has been granted.
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🚨 The US missed the opportunity on Stablecoins! 🥲
US Treasury Secretary Scott Bessent criticizes Senate: GENIUS Act not passed! 😡
🔹 This law was supposed to introduce federal regulations for stablecoins and increase the global influence of the US dollar.
🔹 But the bill was rejected by a vote of 48-49. The result? Stablecoins will remain subject to state regulations, and innovation will slow down.
The world is watching the US, but lawmakers are "moving slowly."
🔝 @education
US Treasury Secretary Scott Bessent criticizes Senate: GENIUS Act not passed! 😡
🔹 This law was supposed to introduce federal regulations for stablecoins and increase the global influence of the US dollar.
🔹 But the bill was rejected by a vote of 48-49. The result? Stablecoins will remain subject to state regulations, and innovation will slow down.
The world is watching the US, but lawmakers are "moving slowly."
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- 38,000 ETH burned in the last 24 hours.
- Total amount: 120,703,833 ETH.
- Annual inflation: -0.53% (the amount is decreasing).
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According to CNBC, Meta is considering introducing stablecoins to manage payments for its users. This new project is expected to help make international payments easier and cheaper.
Meta previously launched a cryptocurrency project called Libra, but it failed. Now the company is preparing to try again with stablecoins. This new approach could open up huge opportunities for its more than 3 billion users.
Meta has also hired a new vice president with cryptocurrency experience, who is expected to play a key role in the development of the project.
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🚀 BTC ETFs are still entering the market late in the evening. LFG
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🔹 Why is it important?
- Public blockchain adoption by banks
- Popularization of tokenized assets
- Positive signal for $LINK and $ONDO
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🔍 What is the GENIUS Act?
This law recognizes stablecoins (such as USDT, USDC) as legal tender and introduces specific rules for them:
- 100% reserve requirement (in US dollars or government bonds).
- Monthly transparency reports and annual audits for large issuers.
- Maintaining the global dominance of the US dollar.
- The stablecoin market has now reached $247 billion.
- If the law is passed, the crypto market could grow 10 times and reach $30 trillion!
⚠️ The previous vote (May 9) was unsuccessful (49 "yes", 48 "no"). Now the law will be put to a vote again with amendments from both parties.
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🔹 What happened in 2011? There was a huge uproar in the markets when S&P downgraded the US rating, because the contracts only allowed the use of AAA-rated securities.
🔹 What changed then? The contracts were rewritten: now they are used regardless of the rating of US securities.
🔹 Example of 2023: Markets were barely affected when Fitch downgraded the rating.
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👨⚖️ Today, the Supreme Court of India delivered a landmark decision on Bitcoin and other cryptocurrencies. The court believes that instead of banning cryptocurrencies, they should be regulated.
💬 Members of the court:
"Banning can be like turning a blind eye to reality."
The decision was made during the 2018 BitConnect fraud trial, in which a man was accused of defrauding BitConnect employees of 2,091 BTC, 11,000 LTC, and 14.5 crore rupees (about $1.75 million). The trial demanded that the government enact clear legislation on cryptocurrencies.
In India, profits from crypto trading are taxed at 30%, which indirectly confirms that they are legal. If so, why not fully regulate and monitor them?
📅 Next steps:
The government has been asked to clarify its position by July. The next hearing will be on May 30.
💡 Why is this important?
India is one of the largest markets in the world. If regulation is implemented, the country could see significant growth in the cryptocurrency sector.
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🧐 But here's an interesting fact: According to Google Trends, searches for "Bitcoin" are at a very low level. Interest was high when the price hit $80,000 in late 2023, but now, even though the price is high, people are not as interested.
The price has been driven up mainly by institutional investors (large companies). Retail investors are still asleep, and when they wake up, the real pump will begin.
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