Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter of 2025 in an upcoming economic data release. The US has logged positive growth figures every quarter since 2022, and a…
Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), which is majority-owned by U.S. President Donald Trump, is considering launching a cryptocurrency. “As part of our rewards program, we’re exploring the introduction of a utility token with a Truth digital wallet that can initially be used to pay for Truth+…
US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday. According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hold a slim majority in the chamber. The Guiding…
The SEC said it will wait until June to decide next steps for the Bitwise Dogecoin ETF and Franklin Templeton’s proposed XRP product. The SEC said it will wait until June to decide next steps for the Bitwise Dogecoin ETF and Franklin Templeton’s proposed XRP product. dogecoin, , Markets Decrypt
Key Takeaways: Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook. The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts. According to Fidelity Digital Assets, Bitcoin’s (BTC) mid-term outlook dropped to an “optimism” zone, as the investment firm noted…
Ethereum is currently trading above the $1,800 mark, holding strong after weeks of volatility but struggling to reclaim the critical $2,000 resistance level. Bulls have managed to push prices higher, yet momentum must continue building for a full breakout. Analysts are closely watching Ethereum’s movements, noting that the market is preparing for a decisive move…
Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000….
Early winners from the latest bull run are making a comeback as the AI and crypto narrative regains steam amid Bitcoin’s rebound. Early winners from the latest bull run are making a comeback as the AI and crypto narrative regains steam amid Bitcoin’s rebound. , Markets Decrypt
The Bank of Italy identified Bitcoin and other digital assets as emerging risk factors in a recent report, citing concerns for both investors and the financial system. In its April 2025 Financial Stability Report, the Bank of Italy flags crypto volatility and rising integration with the broader economy, singling out stablecoins and non-financial firms’ crypto…
President Donald Trump’s administration aims to finalize stablecoin and crypto market structure legislation before the August 2025 congressional recess, according to Bo Hines, executive director of the President’s Council of Advisors on Digital Assets. In a recent interview with Bitcoin Magazine, Hines outlined a three-phase policy roadmap and discussed plans to initiate a Strategic Bitcoin…
