SINGAPORE , May 6, 2025 /PRNewswire/ — JuCoin , a global leader in cryptocurrency trading and Web3 ecosystem development, recently hosted a series of landmark strategic initiatives during TOKEN2049 Dubai ( April 30 – May 1, 2025 ), one of the world’s premier Web3 summits. The event brought together over 15,000 industry leaders and 4,000 enterprise representatives from more than 150 countries, with over 70% in C-level positions—cementing its status as a barometer of global Web3 development. As a Platinum Sponsor, JuCoin showcased its rapidly expanding ecosystem through three core pillars: keynote speeches, tech showcases, and elite networking. These efforts not only highlighted JuCoin’s growing influence but also propelled the global exposure and adoption of its high-performance Layer 1 blockchain JuChain and its first native protocol, Butterfly—connecting key developers, investors, and strategic partners worldwide. Booth Experience: Immersive Engagement with JuCoin’s “Peak Moments” Philosophy At the main venue of TOKEN2049, JuCoin’s immersive brand booth became a standout hub for deep engagement. Centered around the core concept of “Designed for Peak Moments,” the booth integrated interactive experiences, limited-edition merchandise, and in-depth insights into the JuCoin ecosystem. This transformed JuCoin’s pursuit of exceptional user experience from an abstract idea into tangible brand interaction, effectively conveying its commitment to enhancing both the usability and emotional value of Web3. CEO Insights: Drawing Inspiration from Luxury to Drive Web3 Adoption Through Peak Experiences On April 30 , JuCoin CEO Sammi Li delivered a strategic keynote titled “From Luxury to Crypto — Designing Peak Moments in User Experience” on the main stage. She highlighted that while most crypto products today focus heavily on technical metrics, they often overlook users’ deep need for trust and positive emotional resonance during high-value interactions—an area where the luxury industry excels by crafting unforgettable “peak moments” to foster loyalty. Sammi emphasized that for Web3 to achieve mass adoption, the industry must shift from “tech for tech’s sake” to a “user experience first” mindset. This includes infusing empathy and refined detail across critical user touchpoints—from onboarding and user flows to customer support, documentation, and community engagement. She explained that JuCoin is implementing this philosophy by systematically optimizing its full product suite—including JuChain, JuChat (a social platform), and JuGame (a gaming platform)—to significantly lower the barrier to entry while boosting user delight and trust. Her speech not only outlined JuCoin’s product vision but also served as a rallying call to the broader Web3 community: invest in the experience ecosystem, put users at the center, and drive the next wave of Web3 growth together. “The Great Gatsby” Afterparty: A High-Impact Social Arena for Web3 Elites and Capital Synergy Beyond the packed schedule of TOKEN2049, JuCoin curated an elegant and efficient platform for deep networking among global Web3 elites. On the evening of April 30 , JuCoin hosted a themed afterparty titled “ The Great Gatsby – JuFusion DJ Party “ at the iconic Gatsby Dubai. Inspired by the vintage luxury aesthetic of the classic novel, the event attracted nearly 3,000 registrants, including top-tier project teams, investment institutions, and key opinion leaders (KOLs), quickly becoming one of the most high-profile and valuable social hubs of Dubai Web3 Week. This meticulously crafted party offered not just a unique social atmosphere—with an AR interactive check-in area, thematic art installations, and a cross-genre performance by internationally renowned electronic music group JuFusion —but also played a catalytic role in connecting innovation with venture capital. Exciting activities such as BTC price prediction games, Golden Key NFT raffles, and the grand prize “Ultimate Treasure” backed by JuCoin Launchpad’s end-to-end incubation support, effectively energized the crowd and sparked potential collaborations. Notably, JuCoin Labs announced a priority investment pathway for the hackathon’s winning team during the event and held in-depth strategic discussions with over a dozen promising startups, actively leveraging its resources to accelerate the commercialization and globalization of high-quality Web3 innovations. JuChain Hackathon Demo Day : Showcasing Technical Power and Unleashing On-Chain Innovation Technical innovation remains the driving force behind the JuCoin ecosystem. On May 1 , JuChain —the high-performance public chain under JuCoin—successfully hosted the final Demo Day of its second global hackathon at The H Dubai Hotel. The event focused on two cutting-edge themes: On-Chain Traffic Hubs and Decentralized Edge Computing, attracting nearly 100 top developer teams globally to compete across six tracks, including Core Tech Innovation, ZK-Rollup Integration, Traffic Scenario Breakthroughs, Cross-Chain Interoperability, and Decentralized Content Platforms. JuChain’s robust infrastructure—featuring ~2-second finality enabled by its JPoSA consensus mechanism, full EVM compatibility (reducing migration costs by up to 70%), and ultra-low base transfer fees of under 0.001 JU (about 90% lower than solutions like Base)—provides a solid foundation for developers building the next generation of Web3 applications. This Demo Day was not only a public stress test for JuChain’s performance and stability but also a key platform connecting top-tier developer talent with leading venture capital. A jury composed of elite VCs, renowned industry KOLs, and JuCoin’s core technical experts rigorously evaluated the finalists. Winning teams shared a prize pool of up to $500,000 and gained priority access to investment evaluations and deep incubation opportunities from JuCoin Labs. Several standout projects demonstrated the strength and diversity of the JuChain ecosystem: CancerDAO (@CancerDAOxyz): A DeSci data DAO powered by blockchain and AI, dedicated to connecting global cancer patients, researchers, and clinicians through a decentralized, secure, and trusted data-sharing platform. It aims to break institutional and geographic silos, accelerating cancer treatment innovations by solving critical issues such as data isolation and low collaboration efficiency in traditional research. BUNANA (@bunana_ai): An AI-powered intelligent trading tool that leverages advanced machine learning models and quantitative strategies to provide Binance users with real-time market analysis, smart position management advice, and one-click execution—boosting trading efficiency and accuracy. Didotxyz_ (@Didotxyz_): Focused on building a decentralized AI ecosystem, this project introduces an innovative “staking token model” to incentivize global sharing of computing and storage resources, offering users more cost-effective and efficient access to AI tools—driving forward the democratization of AI. ubinetworkdepin (@ubinetworkdepin): A DePIN (Decentralized Physical Infrastructure Network) aggregator platform that simplifies participation in over 40 DePIN mining projects through a one-stop application portal, significantly lowering the entry barrier for mainstream users in the DePIN space. Particularly noteworthy is the launch of Butterfly (BF)—the inaugural ecosystem protocol released alongside JuChain’s mainnet (Chain ID: 210000). Targeting the promising decentralized AI edge computing sector, its native token $BF received an enthusiastic market response, with initial price surging over 20%. This not only validates the sector’s appeal but also marks early market confidence in JuChain’s technical strength and ecosystem growth potential. Conclusion: Technology-Driven Ecosystem Evolution – JuCoin Leads the Future of Web3 In summarizing JuCoin’s journey at TOKEN2049 Dubai , CEO Sammi Li emphasized: “Dubai Blockchain Week and TOKEN2049 represented a strategic milestone for JuCoin. Through our keynote speech, we articulated a product philosophy and industry vision centered on user experience. Through the Hackathon Demo Day, we demonstrated JuChain’s robust technical strength and its compelling value proposition for developers. Through the Gatsby Afterparty, we successfully built a high-efficiency bridge between capital and innovative projects. JuCoin and JuChain are accelerating the development of a full-stack Web3 ecosystem—from infrastructure and middleware protocols to application layers—anchored by a high-performance public chain and powered by cutting-edge protocols like Butterfly, all while keeping user experience at the heart of everything we build.” Through its deep involvement and strategic presence at TOKEN2049 Dubai , JuCoin not only strengthened its engagement with the global Web3 community but also vividly showcased the vitality of its ecosystem. The event further solidified JuCoin’s position as an industry pioneer and powerful ecosystem builder. With the continued stable operation of the JuChain mainnet and the ongoing growth of native protocols such as Butterfly, the JuCoin ecosystem is poised to attract more diverse and high-quality applications—contributing key momentum toward bringing Web3 technologies into mainstream adoption and shaping a broader, more dynamic future. About JuCoin Founded in 2013, JuCoin is one of the earliest established cryptocurrency exchanges in the world. It has consistently focused on providing secure, professional, and innovative digital asset trading and management services to a global user base. The JuCoin ecosystem spans multiple verticals, including the high-performance public chain JuChain , decentralized social platform JuChat, gaming aggregation platform JuGame, and Web3 smart device JuOne, all designed to deliver a seamless, secure, and engaging next-generation internet experience. JuCoin has established deep collaborations with over 300 partners across AI, DeFi, RWA, and other cutting-edge sectors, serving millions of users across 100+ countries and regions worldwide.
Singapore-based crypto asset trading and derivatives institution QCP Capital stated in its daily report published today that current crypto market volatility is still under pressure, short-term volatility deviation is gradually turning neutral, and spot prices show a clear lack of direction. QCP Capital: Crypto Market Volatility Under Pressure, New Surge Possible At the same time, the QCP noted that the currency market fluctuations paralleled gold’s sharp rally of nearly 3% on Monday, suggesting that investors are betting on a weaker dollar while also pricing in a geopolitical risk premium, including uncertainty over potential U.S. trade and diplomatic dynamics. “We may be approaching a new volatility shock,” QCP warned. “Bitcoin could temporarily break away from its risk-off logic with gold and reconnect with broader risk assets.” The report also emphasized that in an environment where market correlations are increasingly disrupted, the foreign exchange market could become a 'canary', that is, an early warning signal, for observing macroeconomic risks. Multiple uncertainties in the current market, such as Fed policy expectations, global trade tensions, and regional political tensions, are leading to new changes in the dynamic relationship between traditional safe-haven assets and crypto assets. QCP advises investors to closely monitor volatility indicators and the evolution of inter-market correlations to be prepared for potential systemic shocks. *This is not investment advice. Continue Reading: QCP Capital Draws Attention to Volatility in the Crypto Market in Its Daily Report! Here Are the Details
Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has encountered notable resistance at the top of its descending channel, signaling a potential bearish continuation. According to market analyst Ali , who shared his insights via X, this rejection could trigger a move downward, with ADA now poised to retest the $0.63 support level—and possibly fall further to $0.54 if bearish pressure escalates. Technical Landscape Suggests Continued Weakness The descending channel pattern, a technical formation marked by lower highs and lower lows, has been guiding ADA’s price action over recent weeks. The recent rejection at the upper boundary of this channel reinforces the broader downtrend. Ali’s technical outlook underscores a cautious stance as momentum indicators, such as the Relative Strength Index (RSI) and volume dynamics, point to fading buying interest. #Cardano $ADA was rejected at the top of its descending channel, potentially setting up a move toward $0.63, or even $0.54 if pressure persists. pic.twitter.com/esZYWPpZbM — Ali (@ali_charts) May 6, 2025 Historically, ADA has shown resilience around key psychological levels, but repeated failures to break out of bearish formations often precede sharper drawdowns . The $0.63 region served as a local floor in prior consolidation phases and may now function as the next test of buyer conviction. Should that level give way, $0.54—a deeper support zone from late 2023—comes into play as the next major downside target. Broader Market Context and Implications Cardano’s recent price action is not occurring in isolation. Broader macroeconomic headwinds, regulatory uncertainty, and shifting investor sentiment in the crypto market have all contributed to lower risk appetite. As Bitcoin and Ethereum consolidate, altcoins like ADA remain especially vulnerable to short-term selloffs and volatility. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, Cardano’s fundamentals remain intact in the long term . The blockchain continues to evolve, with steady development on its smart contract capabilities, DeFi ecosystem, and enterprise partnerships. Yet, short-term traders and technical analysts are focused on price structure, and right now, the charts suggest a further downside remains in play unless bulls can reclaim control and push ADA above the descending channel. Ali’s technical assessment places ADA in a precarious position, as the cryptocurrency faces increased downside risk after being rejected at a key resistance zone. The immediate levels to watch are $0.63 for a potential bounce and $0.54 as a critical test of support. Until a breakout above the descending channel materializes, traders and investors should prepare for heightened volatility and potential lower price action. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Faces Key Technical Rejection. Here’s The Implication appeared first on Times Tabloid .
Here's how Bitcoin (BTC) implements its most controversial update in years
Big news from the world of online trading and cryptocurrency investment! eToro, the popular Israel-based platform known for its user-friendly interface and support for both traditional assets and crypto, is setting its sights on a major milestone: a U.S. initial public offering (IPO). This move could significantly impact the landscape for `crypto investment platform` companies looking to tap into public markets. eToro U.S. IPO: What Are the Key Details? According to recent reports, eToro has revealed specific plans regarding its anticipated `eToro U.S. IPO`. The company is aiming to raise a substantial amount of capital and achieve a notable market valuation. Here’s a breakdown of the key figures: Target Raise: eToro intends to raise up to $500 million through the offering. Target Valuation: The IPO is targeting a valuation of $4 billion for the company. Shares Offered: The offering includes 10 million Class A common shares. Price Range: The shares are expected to be priced between $46 and $50 each. These numbers indicate a strong ambition from eToro as it seeks to join the ranks of publicly traded financial technology firms in the United States. Understanding the eToro Valuation Target A target valuation of $4 billion is a significant figure for any company, especially one operating in the dynamic fintech and crypto sectors. The `eToro valuation` reflects several factors, including the platform’s large user base, its diverse range of offerings (stocks, ETFs, options, and cryptocurrencies), and its global reach. Achieving this valuation would position eToro as a major player in the publicly traded investment platform space, potentially attracting a wider pool of institutional and retail investors who might be looking for exposure to the digital asset market through a regulated entity. The SEC Filing: A Crucial Step in the Process Taking a company public in the U.S. involves navigating the stringent regulatory framework overseen by the Securities and Exchange Commission (SEC). eToro has confirmed that it has filed a Form F-1 registration statement with the `SEC filing`. This document is the initial statement required by the SEC for foreign private issuers planning to list securities in the U.S. It’s important to understand that filing the F-1 is just the beginning of the process. The SEC must review the statement, and it has not yet become effective. Until the registration statement is declared effective by the SEC, eToro cannot legally make offers to sell or actually sell the securities. This regulatory approval is a crucial hurdle that all companies must clear before their IPO can proceed. Potential for eToro Stock and What Comes Next Should the `SEC filing` become effective and the `eToro IPO` proceed, investors would have the opportunity to potentially acquire `eToro stock`. This would allow traditional investors, who may not be comfortable buying cryptocurrencies directly, to gain exposure to the growth of a platform heavily involved in the crypto space. Here’s what potential investors and interested parties should keep in mind: Regulatory Approval: The most immediate next step is the SEC declaring the F-1 effective. The timeline for this can vary. Roadshow: Typically, companies undertaking an IPO conduct a roadshow to gauge investor interest and finalize the share price. Listing: Once approved and priced, the shares will be listed on a U.S. stock exchange (details on which exchange would be in the F-1). Market Conditions: The success and final terms of the IPO will also depend on prevailing market conditions at the time of the offering. Why This IPO Matters for the Crypto and Investment World eToro’s planned IPO is more than just a corporate finance event; it’s a significant indicator for the broader market. For the cryptocurrency sector, it represents another instance of a crypto-adjacent business seeking mainstream public listing, potentially increasing confidence and traditional investment flow into companies connected to digital assets. For the investment platform industry, it highlights the continued growth and expansion of platforms offering diverse asset classes. While the target valuation and raise are ambitious, the successful execution of this `eToro U.S. IPO` would provide eToro with substantial capital for expansion, technology development, and potentially acquisitions, further solidifying its position in the competitive online brokerage space. In Conclusion: Awaiting the Next Steps eToro’s detailed disclosure about its planned U.S. IPO, targeting a $4 billion valuation and a $500 million raise, marks a major step for the company. As a leading `crypto investment platform`, its move to go public in the U.S. is being closely watched by investors, regulators, and the industry alike. The crucial next step involves the SEC declaring the registration statement effective, after which the offering can officially commence. Until then, interested parties will be keeping a close eye on regulatory updates and market developments surrounding this ambitious plan. To learn more about the latest crypto market trends, explore our article on key developments shaping institutional adoption.
Key shifts are occurring in the cryptocurrency landscape. A major blockchain platform is testing artificial
Ledger users can now sell their crypto for fiat without leaving the company’s secure hardware wallet environment, thanks to a new integration with Web3 payments infrastructure provider Transak. The partnership expands beyond Transak’s existing on-ramp support to now include off-ramping for Bitcoin ( BTC ), Ethereum ( ETH ), USD Coin ( USDC ), and other assets directly within the Ledger Live app on desktop and mobile, crypto.news can exclusively report. The integration allows users in more than 100 countries to convert crypto holdings into their local fiat currency through bank transfers and other supported payment methods. This marks a significant upgrade to Ledger Live’s ‘Sell’ section, which previously relied on more limited third-party providers. The new off-ramp is designed to work natively with Ledger’s self-custodial infrastructure, preserving user control while minimizing reliance on centralized exchanges. ‘Real freedom’ in crypto ownership Transak’s off-ramp solution is deeply integrated into Ledger Live, not just embedded via iframe or redirects. Unlike centralized exchanges, users retain full custody of their assets until a transaction is initiated. All fiat conversions are facilitated through Transak’s regulated banking partners, with security and compliance protections including ISO 27001 certification, SOC 2 Type II compliance, and multi-level KYC. Transak also supports KYC reuse across partner platforms. “Self-custody isn’t just about holding assets, it’s about having real freedom over them. With Transak Off-Ramp, Ledger users now have a seamless way to convert their crypto into fiat, directly within Ledger Live,” said Sami Start, CEO at Transak. Ledger VP of Consumer Services Jean-François Rochet added that the partnership reflects Ledger’s broader mission to combine maximum user control with access to trusted, integrated services. Crypto is “about ownership and choice” while the partnership with Transak gives users “more choice than ever, with uncompromising security.” To understand the strategy and technical detail behind this integration, crypto.news spoke with Chandrasekar Kuppusamy, Director of Developer Relations at Transak. In the Q&A below, Kuppusamy explains how the off-ramp preserves Ledger’s self-custodial ethos, what differentiates the partnership from other fiat gateways, and how Transak is scaling its infrastructure to meet growing demand. crypto.news: Transak’s expanded partnership with Ledger includes a crypto-to-fiat off-ramp embedded in Ledger Live. What was the strategic thinking behind this move, and how does integrating off-ramp services directly into a hardware wallet ecosystem align with Transak’s broader mission? Chandrasekar Kuppusamy: Integrating a fiat off-ramp directly into Ledger Live aligns perfectly with Transak’s mission to simplify access to Web3 by making crypto entry and exit seamless and secure. Ledger is the gold standard in self-custody, and by embedding Transak’s infrastructure, we bring a “customized end-to-end solution” that eliminates the need for users to leave their trusted environment to cash out. It enhances user control while preserving the safety and UX that both companies prioritize. CN: Given Ledger’s focus on self-custody and security, how does Transak’s off-ramp integration preserve that ethos within Ledger Live? What security guarantees are you offering to reassure users that their funds remain under their control until the moment of conversion, and that sensitive personal data is protected during the KYC and bank transfer process? Essentially, how are you mitigating any new risks introduced by embedding a fiat off-ramp into Ledger’s hardware wallet environment? CK: Transak’s off-ramp solution is designed to integrate securely with non-custodial environments. Funds remain under the user’s control until they initiate the transaction. Transak never takes custody of user funds in advance. Furthermore, our Multi-Level KYC system is optimized for low-friction compliance, and we’ve implemented rigorous data protection practices including encryption, ISO 27001 certification, SOC 2 Type II compliance, and GDPR readiness. All fiat transfers are processed through regulated banking partners with secure API connections. CN: There are several competing routes for converting crypto to fiat, notably sending assets to exchanges like Coinbase to using other integrated off-ramp services like MoonPay. What makes the Ledger Live + Transak off-ramp stand out against these alternatives? How are you positioning this partnership as a differentiated offering in an increasingly crowded off-ramp market? CK: This is a custom, deeply integrated off-ramp built for a hardware wallet experience, not just an embedded iframe or redirect. Unlike centralized exchanges, users never compromise on custody. Compared to aggregators, we provide more control over flow, fees, and features. Our customized end-to-end solution includes clear signing, direct fiat payouts in 100+ countries, and reuse of existing KYC features that aren’t universally supported elsewhere. CN: Investors are highly sensitive to fees and conversion costs when cashing out. How does the fee structure of Transak’s off-ramp in Ledger Live compare to other options like selling on a centralized exchange or using alternative fiat gateways? Are there any additional spreads or extra charges baked into the conversion rates that users should be aware of, and what is Transak doing to minimize both cost and friction for those looking to liquidate? CK: Transak works hard to minimize friction and cost. Fees vary by payment method and region, but our spreads are competitive and often lower than those on exchanges due to optimized liquidity sourcing. There are no hidden fees. Users benefit from upfront clarity, real-time quotes, and bank-grade FX rates. Our goal is to make fiat conversion as cost-efficient as possible for both small and large transactions. CN: Transak boasts support for users in over 160 countries, but crypto-to-fiat rules vary widely by country from very loose to ultra strict. How is Transak ensuring that the Ledger Live off-ramp remains compliant and operational across so many regions? Can you maintain service continuity if a major market tightens its crypto regulations, and do you have contingency plans (or licenses in place) to adapt quickly to changing laws so that users aren’t left stranded when trying to withdraw their funds? CK: Transak holds and is actively pursuing licenses in major jurisdictions (including MTLs in the U.S., Canada, FIU in India, FCA registration in the UK, AUSTRAC in Australia, and VASP in Europe). This licensing foundation allows us to offer reliable services across multiple regions. We monitor regulatory updates in real time and have built flexible compliance systems that allow us to restrict or adapt specific flows without affecting global continuity. Additionally, local payout partnerships give us operational agility to respond to market shifts. CN: Continuing from the prior question, how do you convince a savvy investor that off-ramping through Ledger+Transak is as cost-effective and reliable for large transactions as any other method on the market? CK: Ledger+Transak is equipped to handle large transactions with competitive and transparent fees, highly reliable sources of liquidity, and stable payout infrastructure. It minimizes the cost and risk involved in converting and transferring large cryptocurrency holdings. CN: With the Ledger partnership enabling direct off-ramps, how is Transak preparing for its next phase of growth and scalability? Do you anticipate needing to scale up your infrastructure or support in anticipation of more hardware wallet users cashing out? CK: We’ve already made infrastructure upgrades to support the expected increase in Ledger off-ramp volume. From auto-scaling APIs to enhanced support workflows, we’re built for scale. Transak is already used by 450+ leading dApps, Exchanges and various finance apps. Our support team, already rated 4.3 5 on Trust Pilot, has been expanded and trained specifically for this partnership. We’re also scaling our systems continuously to reduce processing times and costs as demand grows. CN: Last, what new innovations or partnerships are you considering to further differentiate Transak’s off-ramp and next stage of growth? CK: At Transak, we’re focused on scaling thoughtfully, with a clear emphasis on infrastructure that improves cost-efficiency, speed, and control for our partners and their users. You can expect to see more custom integrations where onboarding and offboarding are embedded natively into trusted environments. We’re also exploring deeper collaborations with ecosystem players who are rethinking how digital assets fit into everyday finance, especially where stablecoins play a key role. The goal is to make Web3 feel less like a separate world, and more like a seamless extension of what users already know.
Dow Jones Industrial Average and the S&P 500 opened lower as U.S. stocks slipped again on Tuesday, May 6 amid ongoing tariff uncertainty. S&P 500 slid 0.8%, while Dow Jones Industrial Average futures dropped more than 300 points, or roughly 0.6%. Meanwhile, the Nasdaq Composite shed over 1.1% to lead the early losses for stocks , after a notable dump for futures. The shares of Nvidia, Meta Platforms and Tesla all opened more than 1% lower. Also down after premarket struggles were shares of Goldman Sachs, Lucid and Palantir. The lackluster performance comes as the market awaits the Federal Reserve meeting, which starts on Tuesday. Also in investor sights is the existing tariffs scenario, with President Donald Trump’s remarks as well as views on interest rates crucial. It is amid this outlook that Paul Tudor Jones, a billionaire hedge-fund manager, believes the stock market could yet dip further. The billionaire investor told CNBC’s ‘Squawk Box’ that this is likely even if Trump ends up toning down the aggressive tariffs approach towards China. “For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market…We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones noted. You might also like: Stocks rally as Trump backtracks on China: Tariffs will ‘come down substantially’ Jones’ remarks about the Fed comes ahead of the central bank’s rate decision expected on Wednesday, May 7. Consensus is largely on Fed keeping its interest rates unchanged. Expectations for June means investors will pay close attention to comments from Fed chair Jerome Powell. Key will be the experts’ take on the economy and the trade war situation. The recent economic data will be key but so is the tariffs offensive against China. Notably, Trump added to the trade war conversation with another threat of additional tariffs against pharmaceuticals. Earlier, it was the 100% tariffs on foreign media that had stocks such as Netflix and Disney slumping amid downside pressure for the Dow and S&P 500. As well as the overall market performance on the day, investors will be alert to earnings releases, with spotlight on AMD, Super Micro and electric vehicle maker Rivian. Across the market, traders will also be watching market reaction for Bitcoin ( BTC ). You might also like: If the Fed prints more money, what’s at stake for Bitcoin?
The post Coinbase’s Brian Armstrong Pushes GENIUS Act for Stablecoins, Warns of Crypto Risks appeared first on Coinpedia Fintech News Coinbase CEO Brian Armstrong is turning up the heat on Washington. In a clear and urgent call, he’s asking the U.S. Senate to pass the bipartisan GENIUS Act – a bill that could finally bring clear rules to the world of stablecoins. Why now? Armstrong says the clock is ticking. Without strong legislation, the U.S. risks falling behind as crypto innovation speeds ahead globally. But with the GENIUS Act, there’s a chance to boost growth, protect users, and give the industry the regulatory clarity it’s been begging for. So, what’s really in this bill? And why are some lawmakers hesitant to back it? Let’s break it down. Armstrong Calls for Senate Action on GENIUS Act In a recent post on X, Armstrong highlighted the importance of the GENIUS Act, stating, “We strongly support the Senate starting debate on the GENIUS Act – and we need 60 votes to get there.” Congress has a real opportunity this week to advance stablecoin and market structure legislation. We strongly support the Senate starting debate on the GENIUS Act — and we need 60 votes to get there. We also welcome House efforts to build on FIT21’s momentum. Both chambers need… — Brian Armstrong (@brian_armstrong) May 6, 2025 He’s urging both chambers of Congress to move quickly and pass comprehensive crypto legislation before the August recess. His appeal reflects a broader industry sentiment: regulation is needed – not to stifle growth, but to support it. What Exactly Is the GENIUS Act? The GENIUS Act proposes a national regulatory framework for stablecoins , one of the most critical components of the crypto ecosystem. Under the bill: Stablecoin issuers would need a national license All stablecoins must be fully backed 1:1 by U.S. dollars, insured bank deposits, or short-term U.S. Treasury securities A three-year transition period would be provided for digital asset service providers to comply The goal? Build consumer trust while giving businesses the stability they need to operate legally and confidently in the U.S. Democrats Raise Concerns Over The Act With initial bipartisan support, the GENIUS Act faces challenges as some Senate Democrats do not stand by the bill. Why? They cited worries over national security and the need for stronger provisions on anti-money laundering. This resistance could stall momentum, despite growing calls from the crypto industry and regulatory reform advocates to act fast. ‘Most Important Crypto Bill in Years’ Says Gage Salicki Crypto analyst Gage Salicki took to X and called the GENIUS Act “the most important U.S. crypto bill in years.” He praised its bipartisan nature and its potential to finally bring regulatory clarity to stablecoins , which currently operate in a largely grey area. For an industry that’s been waiting on clear guidelines, Salicki’s words ring loud and clear: this bill could be a game-changer. What’s Next? Will the GENIUS Act Become Law? As the Senate shows interest in the GENIUS Act, the outcome will greatly influence the flow of stablecoin regulation in the United States. Armstrong’s advocacy highlights the crypto industry’s desire for clear and supportive regulatory conditions to drive growth and customer trust. The crypto community, investors, and innovators alike are watching closely.
The Financial Times has uncovered how insiders made $99.6 million on the MELANIA memecoin. According to the report, the insiders bought the token a few minutes before its official launch and cashed out big on the trade. The report identified 24 addresses that bought 16.77 million of the Melania Trump-affiliated tokens for $2.6 million within two and a half minutes before she posted it on her Truth Social account. Melania shared details of the token late on January 19, causing a trading frenzy in the crypto market as MELANIA’s price rose significantly. Interestingly, most of the addresses sold off the token quickly after the announcement, capitalizing on the momentum to earn massive profits. The Financial Times report noted that 81% of the sell-offs happened within 12 hours of the announcement. In one case, an address spent $681,000 on the memecoin just 64 seconds before the announcement. By the end of the 12 hours after the launch, the address had made $39 million in profits from selling most of the tokens they bought. The same address made an extra $4.4 million by selling the rest of its holdings within three days. The report raised questions about insider trading and the possibility of a crime. However, recent guidance from the Securities and Exchange Commission ( SEC ) says memecoins are collectibles, not securities, so rules on insider trading and disclosures for promoters may not apply. MELANIA team still dumping the memecoin Meanwhile, the report only adds to the existing controversies around the MELANIA memecoin. The token, which is currently trading at $0.3184, has been on a steady decline due to massive sell-offs by the team for more than one month. Since March 16, the MELANIA team has transferred more than 41.675 million MELANIA tokens from community and liquidity addresses, selling them off on exchanges and adding unilateral liquidity. Through the sell-offs, they have made 170,000 SOL worth $23.063 million and converted most of the SOL to USDC or withdrawn the funds. Despite the consistent sell-offs that many in the crypto community have spotlighted, there has been no official communication from the project or anyone affiliated. MKT World LLC, a Delaware-based company listed as responsible for the project’s marketing on its official website, is also quiet about its role. While the token continues to plummet, falling 44% in the last 30 days and trading at 96% below its peak, insiders and the team behind the project are still making money. So far, the team has made more than $64.7 million in profits from fees and sales. Trump family memecoins raise ethical concerns Meanwhile, the memecoin affiliated with the President, TRUMP, does not have the same insider trading problem as MELANIA, likely because a different team launched it. According to the report, there was no pre-announced purchase for TRUMP, and the first address bought it 42 seconds after its announcement on Truth Social. Still, ethical concerns about how the US president’s family has profited from memecoins at the expense of others remain a major topic in the crypto and political community. Financial Times reported that entities behind TRUMP have made at least $350 million in fees and primary sales since its launch. At the same time, TRUMP is down 85.7% from its peak price and currently trades at $10.59. Interestingly, the token had increased in value recently after announcing an exclusive dinner with the President for the top 220 holders. However, it has lost most of its gains from that announcement, leaving more people with losses. One whale who had sold the token before the dinner announcement and missed out on a potential $3.8 million bought the token back a few days ago. However, he has sold off the tokens again, taking a $900,000 loss. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More