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➡️ Americans' Easing Concerns About Inflation Boost Bitcoin Prices
📉 The New York Fed's Survey of Consumer Expectations for May indicates that Americans are becoming less concerned about price inflation due to tariffs. The survey revealed a decrease in inflation expectations across all time horizons measured. This shift in sentiment led to a surge in stock markets and a rebound in bitcoin prices, which climbed above $108K after a period of stagnation.
Compared to April, Americans generally expect lower prices (except for groceries), bigger paychecks, and more jobs over the next one to five years,said the report. 📊 The survey also noted an increase in earnings growth expectations by 0.2% and a decrease in prospects for higher unemployment by 3.3%. Interestingly, the only area where Americans expect prices to rise is in food costs, with a projected increase in grocery bills from 5.1% to 5.5% over the next three years.
While the tariff revenue has been going up, inflation has been coming down,said Kevin Hasset, director of the National Economic Council.
this is contrary to the story that everybody else has been saying, but very consistent with what we’ve been saying.📈 Following the survey's release, bitcoin reached a weekly high, trading at $108,140.92 with a 1.70% increase over the past 24 hours. Trading volume also spiked to $48 billion, primarily due to the typical post-weekend surge. The cryptocurrency's market capitalization rose to $2.14 trillion, and BTC dominance increased to 64.68%, reinforcing its lead over altcoins. 📊 Enthusiasm in the futures market also grew, with total BTC open interest climbing 4.94% to $76.27 billion. However, there were significant liquidations in short positions, totaling $6.55 million over the past 24 hours.
Bears clearly miscalculated the momentum,the report concluded.
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🪙 Congress Pushes for First Gold Audit in Over 65 Years Amid Rising National Debt
➡️ On June 6, 2025, four members of Congress introduced the Gold Reserve Transparency Act (H.R. 3795), calling for the first comprehensive audit of U.S. gold reserves in over 65 years. This move comes as the national debt soars and central banks globally accumulate gold. The bill is sponsored by Representatives Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH).
📝 The proposed legislation requires a full assay, inventory, and audit of all U.S. gold reserves, including “deep storage” bullion, to be completed within nine months of enactment, with recurring audits every five years. The Government Accountability Office (GAO) must hire an independent auditor to physically verify the gold at all depositories, assess security measures, and disclose 50 years of transactions, including leases, swaps, sales, purchases, and encumbrances.
No redactionswill be permitted in the resulting public report, except for sensitive physical security details. The GAO and auditors will have subpoena power to access all facilities and records, while the Treasury and Federal Reserve must provide unredacted documentation. If the legislation moves forward, the findings will eventually be made available to the public online. 📉 Stefan Gleason, CEO of Money Metals Depository, criticized past oversight failures, stating,
The Treasury has lost records and failed to account for vault openings.His vault in Idaho is twice the size of Fort Knox’s. Earlier this year, Republican Senator Rand Paul expressed support for a Fort Knox audit. 🌍 This push for an audit coincides with global unease about U.S.-held gold. Germany has sought to repatriate gold from the Federal Reserve Bank of New York. Jp Cortez of the Sound Money Defense League described the audit as a
national security issueand dismissed symbolic gestures like “live walkthroughs.” 💰 Sponsors of the bill argue that transparency is urgent as U.S. debt reaches $37 trillion and foreign central banks increase gold purchases. The audit process may take up to a year. Unlike bitcoin (BTC), which has a publicly auditable transaction history on its blockchain, U.S. gold reserves lack inherent transparency. 🔍 The Gold Reserve Transparency Act mandates a complex, periodic physical audit by trusted third parties to verify holdings and disclose decades of opaque transactions. This process is fundamentally different from the real-time, cryptographic proof-of-reserves accessible on the Bitcoin network. 💔 Last February, financial provocateur Robert Kiyosaki warned that if Fort Knox’s vaults are found empty,
America’s entire economic infrastructure could come tumbling down.
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💰 Stablecoins: A Rising Force in Global Payments
📈 Stablecoins have rapidly transformed into a multi-billion-dollar payment powerhouse, with Tether leading the way. A recent study by Artemis, Castle Island Ventures, and Dragonfly revealed that stablecoin payments reached $94.2 billion from January 2023 to February 2025. The research tracked transactions from 31 payment companies, highlighting a 215% increase in monthly volumes during this period, rising from under $2 billion to $6.3 billion.
Business-to-business (B2B) transactions emerged as the largest category, reaching a $36 billion annual run rate by February 2025.said the report. Card-linked payments followed at $13.2 billion annually, while peer-to-peer transfers plateaued at an $18 billion annual pace. 🌐 Tether's USDT dominated the stablecoin market with approximately 80% share among the firms studied. Circle's USDC accounted for most of the remaining volume. Tron was the most used blockchain for settlements, followed by Ethereum and Binance Smart Chain.
The most popular blockchains employed to settle customer flows, as a share of value sent, were Tron, followed by Ethereum, Polygon (Ethereum L2), and Binance Smart Chainthe report noted.
This mirrors survey findings from our 2024 report which found that users preferentially used those same five blockchains, albeit with Ethereum being the most popular network.🌍 Regionally, the United States, Singapore, and Hong Kong had the highest transaction volumes. Latin America and Africa showed strong adoption of Tron and Tether's USDT for cross-border settlements. The growth of prefunding services—advancing capital for instant settlements—reflected the demand for liquidity solutions.
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🌍 Accelerating Global De-Dollarization: A Shift Towards Multi-Currency Systems
💱 Global de-dollarization is gaining momentum as countries increasingly adopt local currencies, reshaping the landscape of international finance. American economist Jeffrey Sachs highlighted this shift in an interview with TASS on May 30. He noted the parallel between political and financial transformations, stating,
We are moving to a multi-currency world, just like we’re moving or have moved to a multi-polar world.🌐 Sachs pointed out that the dominance of the U.S. dollar is facing structural challenges, with a growing consensus among policymakers and economists. He predicted a decline in the dollar's role in international finance, saying,
The share of international finance in US dollars... will diminish.He emphasized that this shift is already underway:
So, I think we’re already in that period of moving to a multi-currency system.📉 This perspective aligns with the actions of major international blocs like BRICS, the Shanghai Cooperation Organization (SCO), and the Association of Southeast Asian Nations (ASEAN). These groups are actively promoting local currency settlements and exploring new financial arrangements to reduce reliance on the U.S. dollar. Analysts view these developments as part of a broader trend in global finance that reflects a redistribution of economic power and a desire for greater monetary sovereignty.
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🔍 Bitcoin Mining Report: Key Trends and Insights
📈 The latest edition of Theminermag focuses on the cryptocurrency mining industry, particularly institutional bitcoin mining companies. This month's report highlights significant trends as miners face economic challenges despite Bitcoin's price reaching $100,000.
💰 Key points include:
- A growing disparity between Bitcoin's price and miner revenue due to subdued hashprice.
- Increased competition among public miners, with CleanSpark and IREN leading in hashrate growth.
- A shift from "hodl" strategies, evidenced by public miners selling 115% of their April production.
- A recovery in mining stocks after a two-month decline, with some outperforming Bitcoin.
➡️ The report also discusses how miners are adapting through innovative hardware deal structures that maintain their upside exposure to BTC. For more detailed insights and data, the full PDF report is available for download.
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Exciting Times Ahead for SOEX!
📈 We are starting, a major promotional campaign off, featuring over 70 top influencers and signal groups. This is a clear indication of the growing momentum behind SOEX. New games are set to launch soon, and product development is progressing steadily with ongoing updates.
🗓 Looking ahead, the app is scheduled to launch also on Google Play and the App Store in Q3 2025. This will be a significantly upgraded version, comparable to popular titles like Idle Heroes.
I'm feeling optimistic about this project and set a price target of $0.15+ before the year wraps up 🔥
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📈 Forecasting Institutional Bitcoin Adoption: A Roadmap to 2026
📊 Institutions are projected to acquire over 4.2 million BTC by 2026, driven by significant capital inflows, sovereign adoption, and yield strategies, according to a new research report by Bitwise Asset Management and UTXO Management. The report, titled
Forecasting Institutional Flows to Bitcoin in 2025/2026: Exploring the Game Theory of Hyperbitcoinizationoffers a data-driven analysis of bitcoin's accelerating institutional adoption and the geopolitical factors that may lead to increased demand. 📈 The report outlines a roadmap indicating that institutional actors from wealth management platforms to sovereign entities could acquire more than 4.2 million BTC by the end of 2026, assuming a static bitcoin price of $100,000. It highlights a phased shift in allocation models influenced by macroeconomic conditions, legislative momentum, and the performance of spot bitcoin exchange-traded funds (ETFs). The authors state,
We expect ~$120 billion of institutional funds to flow into bitcoin by the end of 2025 and ~$300 billion in 2026, totaling over 4,200,000 BTC acquired by a heterogeneous group of investors, including public bitcoin treasury companies, sovereign wealth funds, ETFs, and nation-states.🟢 Public companies like Strategy and Metaplanet are pioneering new approaches to capital deployment by integrating bitcoin as a key metric for operational performance. The report notes,
We expect that over 1,000,000 BTC will be accumulated under this new accumulation paradigm by the end of 2026.💰 The report also examines the growing demand for yield-generating strategies as bitcoin becomes a staple in institutional portfolios. With advancements in Bitcoin Layer 2 solutions and decentralized protocols, researchers anticipate a new $100 billion market opportunity despite existing challenges such as smart contract risk and evolving regulations. The study emphasizes bitcoin's structural legitimacy as both a store of value and a productive asset.
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🚀 Kraken Launches Tokenized U.S. Stocks for International Investors
🌍 Kraken is introducing tokenized versions of popular U.S. stocks such as Apple, Tesla, and Nvidia through its new initiative called "xStocks." This service will allow non-U.S. customers to trade these assets on a digital ledger, facilitating 24/7 trading even when U.S. markets are closed. The launch is set to begin in the coming weeks across Europe, Latin America, Africa, and Asia, but U.S. customers will not have access to these tokenized stocks.
🔗 Kraken plans to tokenize over 50 stocks and exchange-traded funds (ETFs), including the SPDR S&P 500 ETF and SPDR Gold Shares, utilizing the Solana blockchain. Each xStocks token will be backed by shares of the underlying securities, ensuring price alignment with the corresponding stocks. This initiative aims to reduce the high fees and slow settlement times typically associated with purchasing U.S. stocks through local brokerages, offering a more efficient investment option for overseas investors.
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💰 Bitcoin Price Surge: Quantum's $1M BTC Purchase and SEC's Proposed Reforms
🚀 Bitcoin's value has surged recently, driven by Quantum Biopharma's decision to increase its Bitcoin holdings by $1 million, bringing its total to $4.5 million. This announcement on May 19 triggered a 25% rally in Quantum’s stock (QNTM) as investors showed support for corporate cryptocurrency investments.
💸 Quantum plans to stake a portion of its Bitcoin for passive income, following the lead of companies like Basel Medical and Atai Life Sciences that use BTC as a hedge in the biotech sector. This move signifies a shift towards broader institutional adoption of Bitcoin as a treasury asset rather than merely a speculative investment.
🏦 In a significant development, JPMorgan has opened the door for clients to purchase Bitcoin through ETFs, despite CEO Jamie Dimon's longstanding skepticism. During the bank’s investor day, Dimon stated that while JPMorgan would not offer custody services, it would facilitate BTC purchases via ETFs—a strategy already employed by Morgan Stanley.
📈 This shift is a response to growing demand from institutional clients and marks a step towards normalizing Bitcoin within mainstream finance. It paves the way for high net worth investors to enter the crypto space and could enhance liquidity, trust, and long-term value in the cryptocurrency market.
🟢 Meanwhile, SEC Chair Paul Atkins has called for a comprehensive regulatory overhaul to unify the oversight of traditional securities and digital assets. In a recent speech, Atkins criticized the agency’s enforcement-first approach and proposed allowing SEC-registered companies to hold and trade both crypto and securities.
📊 If implemented, this could represent a significant policy shift and encourage greater institutional adoption of cryptocurrencies. Initial guidelines are anticipated before formal rules are established.
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Volatile Markets
With rising global tensions, talk of a tax war, and Trump back in the spotlight, traditional markets are seeing major moves.
Commodities like Gold and Oil are surging, big-name stocks are swinging, and Forex pairs are reacting fast to headlines.
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💰 Bitcoin Surges Past $97,000 Amid Token2049 Dubai
📈 Last week, as trade war headlines faded, bitcoin surged above $97,000, marking an 18% rebound since March. This rally is driven by renewed institutional interest and the perception of bitcoin as a gold-like asset. Additionally, the reduction in trade war news contributed to positive responses from both traditional and crypto markets.
🎤 At Token2049 Dubai, I engaged with various participants and attended numerous talks. Eric Trump headlined Day 2, discussing digital sovereignty and announcing that buyers of a new Trump Organization tower in Dubai can use bitcoin for purchases. Meanwhile, World Liberty Financial revealed that its USD1 stablecoin will be integrated on TRON with plans for significant market cap growth.
🌍 Changpeng Zhao (CZ) made a rare public appearance, emphasizing Europe's absence in discussions about crypto reserves:
We are advising many countries on how to set up a crypto reserve like in the US. Europe isn’t part of the discussion, it’s missing on the map.Despite Europe's advancements with MiCA, individual nations lag behind the U.S. and Asia. 🎉 The Token2049 Dubai event was a spectacle, featuring a zipline, climbing wall, and neon lights. The atmosphere was vibrant, with attendees expressing excitement. I overheard the amusing phrase,
zipline to the moon!which added to the event's energy. 📊 My final interview was with Eric Balchunas, Senior ETF Analyst for Bloomberg. He provided valuable insights on the upcoming competition between spot bitcoin ETFs and various crypto custodians. Initially, I believed that crypto-native custodians would prevail, but Balchunas made me reconsider:
I think crypto companies are not taking the ETFs as seriously as they should.
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🔺 Coinbase Stock Rebounds 7% Amid Cyberattack and SEC Probe 🏛
👉 Read more
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When you’ve got billions in crypto, regular shopping is for amateurs.
One guy buried $2M worth of treasures across the U.S. with clues hidden in a book. Another launched himself into space for $55M to grow mushrooms in zero gravity and scan his body with X-rays. And someone else? He literally ate a $5M banana on stage.
Meet the top 5 crypto eccentrics whose spending turned into performance art:
🔴 Chun Wang — paid $55M for a SpaceX mission and turned it into a science lab in orbit.
🔴 Justin Sun — ate an art banana live just to make headlines.
🔴 Djordje Novakovic — owns a pet orangutan and a baby tiger. Just because he can.
🔴 Volodymyr Nosov — bought the Eurovision trophy for 500 ETH, Freddie Mercury’s Rolls-Royce, and even a football club.
🔴 John Collins-Black — created a real-life crypto treasure hunt with $2M hidden in five chests across the U.S.
These aren’t just purchases—they’re stunts, brands, and power moves.
So, what would you do with a crypto fortune?
Read the full story here 👉 https://www.cryptopolitan.com/island-lords-space-cowboys-the-wild-roster-of-crypto-billionaires/
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🚀 American Bitcoin Corp. Set for Nasdaq Debut Through Gryphon Merger
📈 American Bitcoin Corp., backed by Hut 8 Corp. and Eric Trump, is poised to go public via a merger with Gryphon Digital Mining Inc. (Nasdaq: GRYP). This stock-for-stock deal will see the new entity operate under the American Bitcoin name and is expected to trade on Nasdaq with the ticker symbol 'ABTC.'
Upon closing, the combined company will operate under the American Bitcoin brand,the companies stated in a joint release.
led by the management and board of directors of American Bitcoin.🔄 As part of the agreement, Gryphon will transfer leadership to American Bitcoin’s executive team. Gryphon CEO Steve Gutterman described this move as
the next era of public bitcoin miningand noted that Gryphon stockholders will retain about 2% ownership of the merged company. 🗓 The merger is anticipated to close in the third quarter of 2025, pending shareholder approval and regulatory conditions. American Bitcoin, launched earlier this year, aims to
enable bitcoin accumulation at scale through low-cost bitcoin mining and other complementary strategies.
Taking American Bitcoin public is a critical step toward scaling the business at the pace and magnitude we envision,said Asher Genoot, board member of American Bitcoin and CEO of Hut 8. He emphasized the importance of
time-to-marketand how this transaction provides an efficient path to public markets.
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🆕 Lightchain AI: Decentralizing Artificial Intelligence
🌐 Lightchain AI is set to revolutionize the AI landscape with its upcoming launch of the AI Virtual Machine (AIVM) and Proof-of-Intelligence (PoI) protocol. This initiative aims to make artificial intelligence open-source, trustless, and permissionless, challenging the current dominance of closed APIs and corporate-controlled models.
🟢 The AIVM is not just an enhanced version of Ethereum; it is a compute substrate designed for decentralized inference. It allows every node to act as a model host without the need for API keys, KYC, or rate limits. Users can interact with the system freely by paying for queries, emphasizing that the network operates independently of user identity.
🔄 The operational mechanism of AIVM involves on-chain coordination for off-chain inference. Users broadcast their prompts along with cryptocurrency, which are then processed by nodes running local AI models. The outputs are cryptographically signed and returned to the users, with smart contracts ensuring verification and fund release.
🛡 Proof-of-Intelligence (PoI) adds another layer by validating the cognitive process behind each response. Every interaction is provable, with a reputation system emerging over time based on factors like fulfillment and latency. Upcoming features like zkPoI will introduce zero-knowledge proofs to ensure privacy and integrity.
📈 The Minimal Viable Intelligence Network (MVP) simplifies the AI infrastructure. It operates on a straightforward model where a peer runs an AI model, a user sends a prompt with tokens, and a signed response is received. This creates a marketplace driven by code rather than political influences.
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🚨 ICTC Is Live: Watch the World’s First Crypto Trading Tournament Unfold!
The Ultimate Crypto Trading Cup is happening right now! Join the action as top traders from around the world competing live for the title of the World’s Top Crypto Trader.
Watch, learn, cheer—and win prizes during the broadcast!
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💰 USD1 Stablecoin: A Rapid Ascent in the Crypto Market
📈 The USD1 stablecoin, associated with the Trump-aligned World Liberty Financial (WLFI), has quickly risen to become the seventh-largest stablecoin by market capitalization, now valued at $2.125 billion. It ranks between Blackrock’s BUIDL and Ethena’s USDTB, with most of its issuance on the Binance Smart Chain (BSC).
🗣 However, this venture has not been without controversy. Democrats like Elizabeth Warren have expressed discontent regarding the President’s involvement in the stablecoin market.
🔍 A significant portion of USD1 tokens—over 99%—are active on BSC, with only a small share on Ethereum. The primary trading platforms are Pancakeswap v3 and Uniswap v3, which together facilitate a daily trading volume of approximately $26.5 million.
📊 The distribution of USD1 on BSC reveals a high concentration of supply. One address, “0x2087”, holds an astonishing $2 billion worth of USD1 tokens, making up nearly 95% of the circulating supply. Other notable holders include “0xAC3E” and “0x415f”, with significantly smaller amounts.
🔗 On Ethereum, the largest wallet contains 5 million USD1 but has reduced its holdings from 10 million. Another address, “0x041c”, holds 2.5 million USD1 on Ethereum and over 12 million on BSC. Uniswap v3 also plays a crucial role in Ethereum holdings, with two wallets containing over 2 million USD1 each.
📉 Despite the dominance of a single BSC address, the remaining 113 million USD1 tokens are spread across 2,666 wallets. Transaction activity further illustrates this dominance, with 136,644 transfers on BSC compared to just 5,188 transfers across 490 unique wallets on Ethereum.
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➡️ Market Exhaustion: A Week of Tariff Drama and Crypto Chaos
📌 Last week marked a period of exhaustion for markets and observers alike, following three weeks of intense tariff discussions, speculation about rate cuts, and turmoil in the cryptocurrency sector. From Sunday to Friday morning, Bitcoin and most other crypto assets experienced relatively stable prices. This suggests a collective pause from all market participants after a whirlwind of global trade maneuvering driven by tariffs.
🗣 The highlight of the week was Jerome Powell's speech at an Economic Club of Chicago event. He addressed various pressing issues, including tariffs and Trump's calls for interest rate cuts. Powell emphasized that the Federal Reserve would not be intervening in the markets anytime soon. He used humor to convey the current level of uncertainty, quoting Ferris Bueller:
Life moves pretty fast.He added,
For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance.📉 Markets reacted negatively to Powell's statements, dropping after his speech. However, this reaction was relatively unremarkable in the context of the past few weeks, as the market recovered afterwards. Trump was not pleased with Powell's comments and expressed his frustration on Truth Social, stating,
Powell’s termination cannot come fast enough.📉 In the cryptocurrency world, the biggest news was the collapse of Mantra's OM token. Once a top 25 token, OM plummeted 90% from a $5.9 billion to a $500 million market cap in just about 90 minutes. This dramatic drop raised questions about the token's true value and led to revelations of potentially fraudulent tokenomics and price manipulation.
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📈 Jobless Claims Rise but Markets Remain Resilient
📊 According to the U.S. Department of Labor, jobless claims increased significantly at the end of April, with 241,000 Americans filing for benefits—an increase of 18,000 from the previous week. Despite this disappointing data, both traditional and cryptocurrency markets experienced a rally on Thursday morning.
Investors weren’t spoofed because the disappointing numbers were triggered by spring break in the state of New York and don’t reflect a fundamental weakening of the employment landscape,reported Reuters. This sentiment was evident as bitcoin (BTC) surged past $97K, contrasting sharply with gold prices, which fell by 2.17%. 🟢 Bitcoin saw a 3.37% increase in the past 24 hours, reaching $97,178.85 with a trading range between $93,762.50 and $97,437.96. This marked one of its strongest intraday performances this week, which also saw a 7-day price appreciation of approximately 4.05%. Trading activity surged alongside the price rise, with 24-hour volume up by 7.45% to $31.20 billion and market capitalization climbing to $1.92 trillion—a 3.40% increase since yesterday. 📈 The derivatives market reflected similar bullish sentiment, with BTC futures open interest rising by 8.96% to $67.93 billion over the last 24 hours. However, liquidations totaled $892,840, predominantly affecting short sellers who incurred $860,900 in losses compared to just $31,940 from long positions. This imbalance suggests a potential shift in short-term market sentiment towards further gains.
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