BESSENT SAYS CHINA NEGOTIATIONS WILL BEGIN ON SATURDAY IN SWITZERLAND
Bitcoin’s correlation with the S&P 500 fluctuates, showing potential for portfolio diversification but not consistency to replace gold or bonds as a hedge. RedStone’s Marcin Kazmierczak notes Bitcoin’s variable relationship
Liquid staking is coming to IOTA’s DeFi ecosystem, potentially boosting its liquidity and capital efficiency. Liquid staking is coming to IOTA. On Wednesday, May 7, liquid staking solution Swirl launched on the IOTA (IOTA) mainnet. According to the protocol, it is the first liquid staking solution on the IOTA layer 1 network. 5.5.2025 → A new IOTA begins. Built on nearly a decade of research. Inspired by the best of Web3. Committed to open-source values 🔗 https://t.co/CR2O6rocM4 Smart contracts, decentralization, real-world adoption – just 2 weeks to launch🧵⤵️ 1/4 pic.twitter.com/Q7UzJk6zac — IOTA (@iota) April 22, 2025 With Swirl, users can earn IOTA staking yields on their tokens while also retaining liquidity. This works by allowing users to stake their IOTA in return for stIOTA, a liquid token that can be traded at any time. Over time, rewards equivalent to an annual percentage yield of up to 10%–15% accumulate in the stIOTA pool. You might also like: Cryptocurrencies to watch this week: Immutable, Ethena, IOTA Any rewards users receive are auto-compounded, meaning they are automatically reinvested into the staking pool, eliminating the need for manual management. Users can redeem stIOTA for the underlying staked IOTA at any time, trade it on secondary markets, or use it as collateral in DeFi protocols. Importantly, while staking grows the number of IOTA tokens, it does not increase the quantity of stIOTA — meaning the token’s value appreciates over time. For example, a user who exchanges 100 IOTA for 100 stIOTA could, after one year at 10% APY, redeem that same 100 stIOTA for 110 IOTA. You might also like: IOTA price poised for a 95% surge as Rebased countdown continues IOTA Foundation touts the utility of liquid staking Liquid staking has the potential to significantly grow the IOTA ecosystem. Dominik Schiener, Co-Founder and Chair of the IOTA Foundation, emphasized the strategic value of the Swirl integration. “Our partnership with Swirl enables new forms of utility through DeFi, By equipping the IOTA ecosystem with tools that users need to pursue sustainable capital growth strategies and doing so with the right partners who share in our commitment to decentralization, security, and a user experience marked by diversification, we are setting new standards for the future of decentralized finance,” Dominik Schiener, IOTA Foundation. Read more: IOTA price wavers after the Rebased upgrade: will it rebound?
Bitcoin and most altcoins rose on Wednesday as investors cheered the upcoming US-China trade talks. The market also reacted positively to a drop in crude oil prices ahead of the Federal Reserve’s interest rate decision. Bitcoin ( BTC ) rose to $97,000, its highest level since February, giving it a market cap of over $1.92 trillion. Top altcoins like Stacks ( STX ), Flare ( FLR ), JasmyCoin ( JASMY ), and Dogecoin ( DOGE ) jumped by over 3%. The primary catalyst for the rally is the planned meeting between senior US and Chinese officials in Switzerland this weekend. The talks aim to de-escalate tensions between the two countries following triple-digit tariffs imposed in April. According to the Wall Street Journal , China is considering additional efforts to stem the flow of chemicals used to produce fentanyl in Mexico. The US, in turn, may consider reducing tariffs on Chinese goods from 145% to 50%. You might also like: Dow Jones, S&P 500, Nasdaq rise amid U.S.-China trade talks However, while the upcoming meeting is a positive step, analysts believe that the final agreement will take time. Scott Bessent, the Treasury Secretary, recently said that the final deal may take up to three years. Altcoins like Stacks, Flare, Jasmy, and Dogecoin also rose as the price of crude oil continued falling. Brent and West Texas Intermediate dropped by 0.35% to $61 and $58, respectively. Hopes of a trade deal and falling oil prices mean that inflation will not rise as fast. It also means that the US may avoid a recession, as some analysts were expecting. Indeed, Polymarket data show that the odds of a recession in the US fell to 51% from 62% in April. Altcoins like Stacks, Flare, Jasmy, and Dogecoin rallied ahead of Fed Stacks, Flare, Jasmy, Dogecoin prices rose ahead of Fed | Source: crypto.news These altcoins also rallied ahead of the latest Federal Reserve interest rate decision. Most economists expect the bank to defy Donald Trump and leave interest rates unchanged at 4.50%. At the last meeting and in recent comments, Fed Chair Jerome Powell reiterated that rate cuts would only occur if inflation trends toward the 2.0% target. Officials also want to assess the inflationary impact of new tariffs. In a note to Bloomberg, one analyst said : “Powell just stating the facts on the recent inflation data and repeating over and over that the Fed will react to tariff impacts on inflation and growth as they happen, might be a dovish relief for investors.” Historically, Bitcoin, altcoins, and equities tend to perform well when the Federal Reserve cuts rates or signals future rate reductions. A clear example was the rally during the COVID-19 pandemic, followed by the 2022 correction as the Fed aggressively hiked rates. You might also like: Federal Reserve meeting looms: Will Powell’s tone push Bitcoin higher?
On May 7th, COINOTAG reported that the Ethereum Foundation’s Co-Executive Director, Tomasz Stańczak, unveiled the launch of Lantern Capital, a cutting-edge venture capital firm. This initiative sees a collaboration with
This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global bitcoin mining capacity, including a newly operational 20 MW facility in Texas. Phoenix Group Targets Top 5 Bitcoin Mining Spot by 2026 Phoenix Group, an Abu Dhabi-based cryptocurrency mining firm, announced consolidated Q1 revenue of
US Stablecoin legislation is unlikely to allow payment of yield. Here's why.
Asset Entities surged over 200% in trading following news that it will merge with Strive Asset Management to form the first publicly traded Bitcoin treasury asset manager. The combined entity will operate under the Strive brand and remain listed on NASDAQ, with a mission to maximize long-term Bitcoin exposure per share. The new company intends to accumulate Bitcoin ( BTC ) aggressively using a multi-pronged approach. This includes a first-of-its-kind offering that allows accredited investors to exchange Bitcoin for equity in the public company, potentially in a tax-free manner under Section 351 of the U.S. tax code. The company also plans to acquire undervalued public companies with strong cash positions and use fixed-income and derivatives strategies to hedge risk while leveraging Bitcoin accumulation. At the time of writing, Asset Entities is trading at $2.32, up over 280%. You might also like: Thumzup files $500m shelf registration, plans to grow Bitcoin reserves Bitcoin strategy different from Strategy Strive’s approach sets it apart from traditional Bitcoin treasury companies like Strategy by treating Bitcoin as the benchmark for capital allocation, not just an asset to hold. It also aims to outperform Bitcoin itself by using institutional investing expertise to drive accretive growth. Strive Asset Management, which currently manages about $2 billion in assets, is known for its activist investment strategy focused on financial freedom and anti-ESG initiatives. With the merger, Asset Entities strengthens Strive’s outreach capabilities and positions the new company as a corporate advocate for Bitcoin adoption. The reverse merger will grant the firm immediate access to a shelf registration statement, which it plans to expand to $1 billion to fund Bitcoin purchases through equity and debt offerings. CEO Matt Cole, who previously managed $70 billion in fixed income portfolios, will lead the company, backed by a management team with crypto, finance, and legal expertise, according to a company release. You might also like: Prosecutors face backlash for suppressing evidence in Samourai Wallet case
StealthEX, an instant non-custodial crypto exchange, is thrilled to announce an exclusive Ask Me Anything (AMA) session featuring representatives from the innovative Turbo project. Set to take place on May 15, 2023, at 3:00 PM UTC via X Spaces, this interactive event offers crypto enthusiasts a unique opportunity to engage directly with Turbo's team and win TURBO tokens. AMA Details and Prize Information The AMA session will provide attendees with valuable insights into Turbo's technology, roadmap, and vision for the future. During this engaging hour, participants can ask questions about Turbo's ecosystem, development plans, and market strategy. To reward community engagement, StealthEX and Turbo have established a $100 prize pool in TURBO tokens (approximately 16,000 TURBO), which will be split equally between two participants who ask the most insightful questions. Winners will be selected by the Turbo team based on the quality and relevance of their questions. How to Participate Participating in the AMA is simple: Submit your questions in advance by commenting on the official announcement post . Tune in to the X Spaces session on May 15 at 3:00 PM UTC. Join the live discussion and have the opportunity to ask additional questions directly. Even those who cannot attend the live session can participate by submitting questions in advance and having them answered by the Turbo team during the AMA. About StealthEX StealthEX is a non-custodial crypto exchange that allows users to swap over 1,500 different cryptocurrencies without registration. Founded on principles of privacy, security, and user control, StealthEX never holds users' funds during exchanges. The platform offers limitless swaps with no upper exchange limits, instant crypto exchanges, and 24/7 live support. With its user-friendly interface and commitment to transparency, StealthEX has established itself as a trusted gateway for cryptocurrency trading in the digital asset space. About Turbo Token Turbo is an innovative ERC-20 token built on the Ethereum blockchain that aims to revolutionize the crypto space through its unique approach to tokenomics and utility. The Turbo ecosystem focuses on creating sustainable value through strategic partnerships and community-driven development. The token is designed with a deflationary mechanism and offers various use cases, including staking rewards and participation in the platform's governance. With its forward-thinking approach and robust technology foundation, Turbo is positioned to deliver long-term value to holders while contributing to the broader cryptocurrency ecosystem. Join the Conversation "We're excited to host this AMA with Turbo as part of our ongoing commitment to bringing valuable insights and opportunities to our community. This event is a perfect chance for crypto enthusiasts to connect directly with an innovative project and potentially earn rewards for their engagement." Maria Carola, CEO of StealthEX Don't miss this opportunity to have your questions answered by Turbo's team members while competing for TURBO token prizes. Mark your calendars for May 15, 2023, at 3:00 PM UTC and prepare your most thought-provoking questions about Turbo's technology, market strategy, and future plans. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Tether, the issuer of the world's largest stablecoin, announced a strategic partnership with LINE NEXT and Kaia to distribute USDT natively on the Kaia blockchain. Tether Partners with LINE NEXT and Kaia to Launch USDT on Kaia Blockchain The integration aims to support the use of LINE’s stablecoin within the growing Web3 ecosystem, particularly in Asia. As part of the collaboration, USDT will be deployed on LINE’s Mini Dapp platform and self-custodial wallet, allowing users to make in-app payments, cross-border transfers, and participate in decentralized finance (DeFi) activities. “This marks a significant milestone in our mission to promote the adoption and accessibility of the digital dollar,” Tether said, emphasizing that the deployment on Kaia will increase the real-world usability of stablecoins in everyday applications. Formerly known as Finschia and built by LINE's blockchain division, Kaia is focused on expanding blockchain infrastructure to support consumer applications. With over 250 million users in LINE’s ecosystem, the integration of USDT is expected to enable large-scale adoption of both the stablecoin and blockchain. The move follows a series of recent expansions by Tether as it continues to expand its blockchain footprint and deepen its relationship with Asia-based Web3 projects. *This is not investment advice. Continue Reading: Tether, the World's Largest Stablecoin Issuer, Announces Two New Strategic Partnerships! Here Are the Details