The White House is increasing pressure on the Senate to pass the CLARITY Act before lawmakers leave Washington for their August recess. On July 13, President Donald Trump urged the US Congress to approve the legislation and cast the measure as part of the United States’ competition with China over cryptocurrency and artificial intelligence. He […]
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Donald Trump’s latest financial disclosure showed how closely digital-asset policy, personal financial interests, branded tokens, and presidential power now sit together. His highly scrutinized recent filing points to a governance problem that extends well beyond any one politician, because crypto can convert access, symbolism, and regulatory attitudes into value faster than older business interests ever […]
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The TRUMP token is down 96% from its peak, and 85% of secondary market wallets for WLFI are underwater, reflecting a broader downturn in the sector.
On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits that previously allowed FTC commissioners to be fired only for cause. This decision overturned Humphrey’s Executor, the 1935 precedent that had protected certain independent agency commissioners […]
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The CLARITY Act, the crypto industry’s most important bill in Congress, is running out of time. The bill, which would establish federal rules for the crypto industry, is increasingly at risk of slipping deeper into the 2026 election year amid renewed partisan fights and a new demand from President Donald Trump that has made an […]
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President Donald Trump has spent his second term trying to close the door on a U.S. central bank digital currency. On Wednesday, he canceled a planned signing ceremony for a housing bill that would put a temporary ban on a Fed-issued digital dollar into federal law. The decision placed Trump in the unusual position of […]
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Congress Sends Anti-CBDC Housing Bill To Trump After House Vote
TL;DR
The House passed the 21st Century ROAD to Housing Act after earlier Senate app
Senate Democrats call for hearings into whether a $500 million investment by UAE officials in World Liberty Financial influenced Trump's policy decisions.
UFC Freedom 250 paid fighter bonuses in USD1, the stablecoin issued by the Trump-linked crypto venture World Liberty Financial, at a contest held at the White House.
Bitcoin is already being eyed for a move toward $65,000 if a US-Iran deal is sealed, with US President Donald Trump saying such an agreement could be signed within two or three days. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life The top crypto asset had also clawed back from recent lows near $59,500 and was trading around $62,350 as traders weighed the odds of a shift in Middle East tensions. Trump Sets A Tight Timeline Trump said on Monday that talks were in their final stretch and that he did not see major obstacles left. He described the deal as a strong one and tied the talks to wider efforts to calm the fighting in the region. The comments came after reports that Trump warned Israeli Prime Minister Benjamin Netanyahu that continuing military action could leave Israel with less US backing. He later wrote on Truth Social that Iran and Israel were both looking for an immediate ceasefire while peace talks kept moving. Deal Hopes Meet Old Doubts The latest timeline has not quieted skepticism. Trump has raised hopes of a near-term deal before, and the new comments landed after weeks of similar claims that never turned into a signed agreement. Some of the hardest issues are still unresolved, including sanctions, nuclear limits, and long-term security guarantees. Reuters has also reported that earlier talks left the sides split over frozen funds and the future of shipping through the Strait of Hormuz. ???? TRUMP: IRAN DEAL COULD BE DAYS AWAY PRESIDENT TRUMP SAYS THERE IS A “VERY GOOD CHANCE” OF REACHING A DEAL WITH IRAN IN THE NEXT TWO OR THREE DAYS “WE’RE VERY CLOSE.” WHAT HAPPENS TO OIL IF A DEAL GETS DONE? pic.twitter.com/YpXuhpDCNm — Money Ape (@TheMoneyApe) June 9, 2026 That is why traders are treating the latest remarks as one more step, not a finish line. Reports suggest that a successful deal could open the door first to the $65,000 area and, with stronger buying, to $70,000 and beyond. Oil Markets Still In The Frame Oil is part of the same trade. Reuters reported that crude fell on Tuesday after Iran and Israel said they had halted attacks, with Brent at $92.60 a barrel and US West Texas Intermediate at $89.10. The Strait of Hormuz remains the key pressure point, since it handles a large share of global oil and gas flows, and any easing of tension there could cool prices further. There were also reports that the market has swung on and off this storyline before, with each new round of hope meeting fresh warnings soon after. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment For Bitcoin, that leaves a narrow path. A deal that cools oil and broadens risk appetite could help crypto, but the market is still waiting for an actual signature, not just another promise that talks are close. Featured image from Unsplash, chart from TradingView
President Donald Trump’s family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market. Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income, […]
The post Trump family’s $2.3B crypto windfall matched by $2.25B in investor losses, Reuters finds appeared first on CryptoSlate.
Crypto exchange HTX will permanently remove President Donald Trump-backed World Liberty Financial’s fiat-backed USD1 stablecoin from its trading platform. Beginning June 7, the digital asset exchange said it will systematically convert all eligible retail customer balances of the USD1 token into Tether (USDT) at a strict one-to-one valuation. This intervention arrives as direct retaliation after […]
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A renewed push to solidify the United States’ foothold in the digital asset market emerged Thursday as lawmakers unveiled legislation to establish a formal strategic Bitcoin reserve and consolidate the federal government's multibillion-dollar cryptocurrency stockpile. Spearheaded by Representative Nick Begich, the American Reserve Modernization Act (ARMA) of 2026 mandates the creation of a secure Bitcoin […]
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Wyoming’s special purpose depository institutions — companies built around crypto — could soon have a path to something they’ve long been denied: a Federal Reserve master account. A new executive order signed by US President Donald Trump puts that possibility on the table, along with a broader push to open up the US banking system to crypto and financial technology companies. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout The Fed’s Role Under Scrutiny The order calls on the Federal Reserve’s Board of Governors to weigh whether uninsured depository institutions and non-bank financial companies that deal in digital assets should get direct access to Reserve Bank payment accounts and services. It also asks the Fed to look at legal barriers to that access and, if current law allows it, to set up clear application procedures. Decisions on completed applications would need to come within 90 days. That directive is one piece of a much larger policy move. Trump signed the order Monday, instructing federal regulators across multiple agencies to update their rules and clear the way for crypto and fintech firms to work alongside traditional financial institutions. The order sets a government-wide goal of cutting unnecessary barriers to entry and encouraging cooperation between technology-driven financial companies and federally regulated banks. LATEST: Trump just signed a new executive order that could change crypto banking in America and could open the US banking system to crypto and fintech companies. The Fed has 120 days to study whether digital asset companies can use the same banking infrastructure as major banks.… pic.twitter.com/IvlE5qoGsw — Bitinning (@bitinning) May 20, 2026 Agencies Given 90 Days To Act The Securities and Exchange Commission, Commodity Futures Trading Commission, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp are among the agencies called on to act. Each has been directed to review its current supervisory practices within 90 days, with specific attention to any policies blocking fintech firms from forming partnerships with federally regulated institutions. Regulators are also being asked to look at how to make it easier for fintech companies to apply for bank charters, deposit insurance, and other federal approvals. The order states the review should uphold consumer protection, market integrity, and financial stability — not set those aside in favor of speed. The order defines fintech broadly. It covers companies offering services tied to digital assets, blockchain infrastructure, payment processing, custody, lending, brokerage, and securities market operations. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? A Broader Shift In Policy Direction The move stands in contrast to calls from Sen. Elizabeth Warren, who has pushed for tighter limits on banking access for crypto companies. Trump’s order runs in the opposite direction. One side note drew attention the same day the order was signed. Trump’s media company, Truth Social, pulled its SEC filings for a Bitcoin exchange-traded fund, a combined Bitcoin-Ethereum ETF, and a crypto blue chip ETF — a move that sat awkwardly alongside the administration’s broader push to bring crypto further into the mainstream financial system. Featured image from Unsplash, chart from TradingView
The former Alt5 Sigma marked its 7.28 billion WLFI tokens at $706 million, down from a roughly $1.46 billion cost basis, while disclosing that the holdings remain locked amid liquidity concerns.
President Donald Trump-themed TRUMP coin is dangling luxury suite tickets to the 2026 World Cup final in a bid to arrest its severe market collapse. The initiative, organized through the “TRUMP Coin Club,” represents the latest attempt to inject liquidity and consumer interest into a digital asset that has lost roughly 97% of its value […]
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Bitcoin’s bearish momentum hit hardest on the technical charts, with the cryptocurrency breaking below all major exponential moving averages by early Monday. Trading around $76,750, it sat well beneath the 20-hour EMA at $77,580, the 50-hour at $78,120, the 100-hour at $78,767, and the 200-hour at $79,350. MACD indicators reinforced the downside pressure, with the line at negative 359, the signal at negative 243, and the histogram at negative 116. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout Geopolitical Shock Hits An Already Weakened Market The slide began Sunday night after US President Donald Trump posted a pointed warning to Iran on Truth Social: “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE!” Trump wrote, following stalled diplomatic talks and a call with Israeli Prime Minister Benjamin Netanyahu. The post immediately rattled financial markets. Oil prices climbed. The US dollar strengthened. Investors pulled back from riskier assets — and Bitcoin was among the first to feel it. By early Monday, Bitcoin was trading at roughly $76,780, down about 1.55% over the prior 24 hours, according to Coingecko data. The day’s range ran from a low near $76,680 to a high of $78,530. Trading volume surpassed $24 billion. The drop erased approximately $33 billion from Bitcoin’s market capitalization in a matter of hours. ETF Outflows Had Already Set The Stage The Iran headlines landed on a market that was already under pressure. US spot Bitcoin ETFs recorded a record single-day net withdrawal of $635 million on May 13 — the largest outflow since late January. That figure contributed to a total of $1 billion leaving ETF funds over the course of the week, snapping a six-week inflow streak. Additional redemptions followed in subsequent sessions, pointing to fading institutional appetite after a period of strong buying. Broader conditions made things worse. Sticky inflation figures — both PPI and CPI — weighed on sentiment. Rising Treasury yields added to the pressure. Thin weekend trading liquidity amplified every move. Bitcoin had pushed toward the $80,000 to $82,000 range earlier in May, buoyed by optimism around the Clarity Act. But repeated failures to break through resistance left the market exposed. Profit-taking set in. Related Reading: Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention Support And Resistance In Focus Traders are now watching two key zones closely. Resistance sits between $79,000 and $82,000. Downside support is clustered around $74,000 to $76,000. A relief bounce remains possible if geopolitical tensions ease — oversold conditions could attract buyers. But if the US-Iran standoff deepens or oil prices keep climbing, analysts say the selling pressure is unlikely to let up quickly. Featured image from Atta Kenare/AFP via Getty Images|Charly Triballeau/AFP via Getty Images, chart from TradingView
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US President Donald Trump and his family, reportedly used around $440 million worth of its WLFI governance tokens as collateral to borrow money through Dolomite, a decentralized lending platform. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The transaction produced roughly $65 million in the company’s own USD1 stablecoin and another $10 million in USDC. What made the deal stand out was the timing. Regular investors who held WLFI tokens were still locked in — blocked from selling — while the transaction went through. Shortly after, the token’s price dropped nearly 10% to a record low. Senator Elizabeth Warren sent a letter to SEC Chair Paul Atkins on May 14 asking the agency to look into whether World Liberty Financial misled investors or broke securities laws tied to the WLFI token. Warren set a response deadline of May 26. WARREN ASKS SEC TO INVESTIGATE WORLD LIBERTY FINANCIAL Senator Elizabeth Warren (@SenWarren) sent a letter to SEC Chair Paul Atkins (@SECPaulSAtkins) on Thursday, urging the agency to investigate whether World Liberty Financial (@worldlibertyfi), the Trump family’s crypto… pic.twitter.com/q9usPJxD6n — BSCN (@BSCNews) May 14, 2026 The Crypto Issue: A Lopsided Structure The senator’s concerns go beyond the loan. According to reports, Trump-affiliated entities stand to collect 75% of all WLFI token sale proceeds after expenses. The investors who bought those tokens, by contrast, faced strict restrictions on when they could sell. Warren’s letter cited reports that the company raised close to $715 million through token sales, while the Trump family’s total crypto-linked wealth connected to the project reportedly crossed $1 billion. The Trump family currently holds roughly 22.5 billion WLFI tokens through an entity called DT Marks DEFI LLC. Warren has been pushing for tighter investor protections as Congress reviews broader digital asset rules under the proposed CLARITY Act, one of the largest crypto-focused bills in US history. Warren’s Political Moves Fall Short During a recent CLARITY Act markup session, Warren introduced amendments specifically targeting the Trump family’s involvement in crypto markets. Related Reading: Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative Those amendments were voted down along party lines. The broader debate over crypto regulation continues, with the Warren letter adding pressure on the SEC at a moment when the agency is navigating both political crosswinds and calls from the industry for clearer rules. Whether Atkins, who is widely viewed as friendly to the crypto sector, will take formal action remains to be seen. Featured image from Unsplash, chart from TradingView
Trump Mobile's T1 handset appears to be a re-skinned HTC U24 with assembly done in the U.S.
Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.
Nearly 600,000 deposits worth $60 million have been collected for a gold T1 phone that has not been delivered to a single confirmed buyer, with terms quietly rewritten in April to remove delivery guarantees.
Justin Sun called it a “meritless PR stunt.” World Liberty Financial, or WLFI called it a lawsuit. Related Reading: Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation WLFI Vs. Sun: A Public Feud Goes Legal The Trump-affiliated crypto project filed a defamation claim against the Tron founder on Monday, accusing him of running a deliberate campaign to trash its reputation and push its token price down. According to the filing, Sun began making false public statements across media channels and social platforms starting April 12 — statements WLFI says were designed to manipulate sentiment, not raise legitimate concerns. The lawsuit doesn’t come out of nowhere. Sun had been deeply embedded in the project. An entity linked to him bought $30 million in WLFI tokens back in November 2024, and he joined WLFI as an advisor around the same time. The relationship looked solid — until it didn’t. Today, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth. Here’s the story.???? — WLFI (@worldlibertyfi) May 4, 2026 Things began to crack when Sun allegedly tried to move his tokens to Binance in violation of the terms he had agreed to. WLFI responded by freezing the assets, citing a contractual right to do so. That freeze, the company says, was not a punishment — it was a protection. Sun launched a defamatory smear campaign in conjunction with press outlets that gleefully shared his lies. Sun’s lies were designed, in his own words, to drive the token price “to shit.” pic.twitter.com/y4wmaTWDyc — WLFI (@worldlibertyfi) May 4, 2026 Sun Fires Back With His Own Lawsuit Sun did not take the freeze quietly. In late April, he sued WLFI first, claiming the company had wrongfully locked up tokens that were once worth $1 billion and stripped him of his voting rights. His lawsuit framed WLFI as the aggressor. WLFI’s defamation claim, filed days later, tells a different story. Based on reports from the filing, WLFI alleges that after the freeze, Sun went public with misleading claims about the project’s governance and suggested there was a secret backdoor in its system. Today, I filed a lawsuit in California federal court against World Liberty Financial to protect my legal rights as a holder of $WLFI tokens. I have always been—and remain—an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly.… — H.E. Justin Sun ???????? ???? (@justinsuntron) April 22, 2026 The company says those claims ignored disclosures already available in its documentation. It also accuses Sun of using money to spread his message further — allegedly working with influencers and bot accounts to amplify his posts across social media. Sun, for his part, confirmed he is aware of the lawsuit and said he stands by everything he did. He says he expects to win in court. Related Reading: XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide Token Takes A Hit Amid The Drama WLFI’s token briefly jumped 8% after news of the lawsuit broke. But that pop sits against a rougher backdrop — the token had already fallen 15% over the prior week and was down 35% over the past month. The lawsuit asks the court to hold Sun financially accountable for damages tied to the WLFI token. How much that figure could reach has not been disclosed in reports so far. What is clear is that two parties who once shared a business relationship are now fighting that battle in public — and in court. Featured image from Unsplash, chart from TradingView
A fire broke out at a petroleum facility in Fujairah after Iran launched four ballistic missiles at the UAE, confirming what many feared — the fragile ceasefire between Iran and the US was fracturing in real time. Related Reading: Satoshi’s 22,000 Wallets Could Make Quantum Attacks On Bitcoin Far More Difficult: Expert Oil Markets Feel The Burn Brent crude futures jumped more than 4%, hitting an intraday high above $114 a barrel. West Texas Intermediate wasn’t far behind, gaining over 3% and briefly crossing $105. The strikes rattled energy markets immediately, given the UAE’s proximity to key shipping lanes in the Persian Gulf. The UAE’s Ministry of Defense said its air defense systems intercepted three of the four incoming missiles. The fourth fell into the sea. No major casualties were reported from the interceptions, but the petroleum site fire in Fujairah signaled that the attack wasn’t without consequence. Earlier in the day, reports had circulated that Iran also struck US Navy vessels escorting oil tankers through the Strait of Hormuz. US Central Command denied those reports. The back-and-forth of claims and denials added to an already tense atmosphere before the UAE confirmed the missile strikes. تم رصد عدد أربعة صواريخ جوالة قادمة من إيران باتجاه الدولة حيث تم التعامل بنجاح مع ثلاث صورايخ فوق المياة الإقليمية للدولة وسقط آخر في البحر. وأكدت وزارة الدفاع أن الأصوات المسموعة في مناطق متفرقة من الدولة هي نتيجة الاعتراض النجاح للتهديدات الجوية. وتنوه الوزارة الجمهور الكريم… pic.twitter.com/LqHJ5oLzL9 — وزارة الدفاع |MOD UAE (@modgovae) May 4, 2026 Bitcoin Holds As Geopolitical Pressure Mounts Crypto markets, meanwhile, told a different story. Bitcoin held firm through the chaos, rising from $79,200 to nearly $81,000 — a level the coin had not touched since January. The move came even as oil spiked and headlines grew increasingly alarming. The rally had been building on optimism that a US-Iran peace deal was within reach and that the CLARITY Act, a piece of crypto legislation, could pass this year. Both catalysts had pushed investor sentiment higher in the days before the strikes. US President Donald Trump had disclosed the day prior that the US thumbed down Iran’s most recent ceasefire proposal. Iran, for its part, warned that it was fully prepared to respond to what it called any “adventures or foolishness” from Washington. With those tensions already in the background, the UAE missile strikes landed as confirmation that negotiations were going nowhere fast. Related Reading: No CLARITY Act Needed? XRP Could Be Ready For Its Next Big Surge Trump Yet To Respond To The Strikes As of the time of reporting, Trump had not publicly made any comments on Iran’s attack on the UAE. His silence came despite the missile assault posing a direct challenge to US interests in the region — and to any hope of a near-term resolution to the military confrontation. Whether the missile strike represents a one-time escalation or the start of something larger remains to be seen. What’s clear is that the ceasefire, already described as shaky, took a serious hit. Oil markets are pricing in more uncertainty. Bitcoin, for now, is not. Featured image from MetaAI, chart from TradingView
World Liberty Financial’s native token WLFI lost roughly 17% of its value on Wednesday as a governance proposal affecting more than 62 billion WLFI tokens officially opened for community voting — and the backlash was immediate. Related Reading: Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst A Token Already Deep In The Red WLFI was trading at around $0.06 at the time of writing, according to data from CoinGecko. That marks a 70% drop since the token first reached open markets, making Wednesday’s selloff the latest in a long string of losses for holders of the Trump-family-linked DeFi project. The proposal behind the price drop would impose strict vesting schedules on tokens currently held by early investors and insiders. Under the plan, early investors face a two-year lockup cliff, followed by two more years of gradual release. Founders, team members, and advisers get the same two-year cliff but with a three-year linear vest after that. Voting runs through May 7. Token unlock proposal is now live for vote. ☝️ This is one of the most significant governance proposals in WLFI history. Here’s what’s at stake. — WLFI (@worldlibertyfi) April 29, 2026 World Liberty Financial framed the move as a show of long-term commitment. “62,282,252,205 locked WLFI tokens are subject to this proposal,” the project said in a post on X. “None of it touches the market for a minimum of two years if passed.” Voting Numbers Tell Only Part Of The Story On paper, the vote is going well. As of Wednesday, 99.95% of cast votes supported the proposal, and the required quorum of 1 billion WLFI tokens had already been cleared, with 6 billion tokens in favor and just 3.2 million against. But those numbers don’t capture the full picture. Criticism has been loud on X, where replies to World Liberty’s announcement were largely negative. The voting structure itself drew sharp criticism — anyone who does not cast a vote risks having their tokens locked up with no end date. That mechanic has been widely called coercive. All the $WLFI early investors who thought they were sitting on solid profits just got rugged, by the Trump family themselves. This essentially gives them another shot at squeezing the same lemon they’ve been inflating with hot air for the past two years. Which, what a surprise,… https://t.co/yLSNcfeZlm — Simon Dedic (@sjdedic) April 15, 2026 Moonrock Capital founder Simon Dedic was among the most pointed critics. Reports indicate he compared the proposal to a rug pull and raised questions about the timing — the two-year unlock period lines up with the remainder of US President Donald Trump’s time in office. Tron founder Justin Sun, who holds a significant amount of WLFI, called it one of the “most absurd” proposals he had ever come across. Related Reading: Dogecoin Futures Open Interest Explodes As Leveraged Traders Pile In World Liberty Defends The Structure The team behind World Liberty Financial said the vesting design was built to create what they described as a “more clear, bounded picture of governance preferences.” The goal, they said, was to keep tokens in the hands of people who are genuinely committed to the project’s future. The proposal was first submitted to the governance community on April 15 before going live for voting this week. World Liberty Financial called it “one of the most significant governance proposals in WLFI history.” Featured image from Unsplash, chart from TradingView
A bill to lock in the US Strategic Bitcoin Reserve is being renamed the American Reserves Modernization Act — and that’s just one sign that the policy is moving faster than many expected. Related Reading: XRP Signals Imminent Breakout — Is A 10% Rally Coming? Congress And The White House Move In Parallel Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told attendees at the Bitcoin 2026 conference in Las Vegas on Monday that a major update on the reserve is coming within weeks. He said the executive branch has spent months working through the legal and operational questions needed to properly secure bitcoin already sitting on the government’s balance sheet. “We believe we’re going to be able to take a big step forward from the executive branch side in the next few weeks,” Witt said. The announcement, whatever form it takes, is expected to cover how the reserve will be run and how existing law supports it. An open question remains: will it say anything about buying more bitcoin? Right now, the reserve holds only seized assets — bitcoin collected through criminal and civil forfeitures. No new purchases have been authorized. US President Donald Trump signed an executive order in March 2025 establishing the reserve. That order directed the government to hold its existing bitcoin rather than sell it, and created a separate stockpile for other digital assets. But executive orders can be reversed by the next administration, which is exactly why lawmakers want a law to back it up. The Push To Codify The Reserve Sen. Cynthia Lummis and Rep. Nick Begich have been working on legislation to do that. Their bill — formerly called the Bitcoin Act — proposes acquiring up to 1 million BTC over five years through budget-neutral strategies. On Monday, Begich announced the bill is being rebranded as the American Reserves Modernization Act, or ARMA. The changes in the reintroduced version have not been fully disclosed yet. Witt was clear that legislation must follow any executive action. The White House can move first, but Congress needs to act to make the policy stick. Market Skepticism Remains Not everyone is convinced this will move quickly. Polymarket data shows only a 23% chance of the US formally establishing the reserve before 2027. The Clarity Act, a broader crypto market structure bill that was seen as a stepping stone for the reserve, is still facing delays in the Senate. Related Reading: Trump Memecoin Gala Leaves Crypto Battling Fresh Credibility Crisis Ethics concerns are also hanging over the broader crypto agenda. Democrats have pushed for provisions that would bar executive branch officials — including the president — from promoting or issuing digital assets, with critics arguing Trump family involvement in crypto ventures creates a conflict of interest. The coming weeks will show whether the White House’s expected announcement delivers something concrete or simply sets the stage for a longer legislative process still ahead. Featured image from Pexels, chart from TradingView
Three sitting US senators have opened a formal investigation into a dinner event tied to US President Donald Trump’s memecoin, with questions mounting over whether the arrangement amounts to a “pay-to-play” scheme that funneled money from ordinary investors to a tight circle of insiders. Related Reading: Bitcoin’s Big Players Are Accumulating — Is $80K Just The Start? Senators Move To Examine The Event The dinner became a flashpoint after analyst Simon Dedic posted on X that the Trump-linked token had been used to drain money from retail buyers at a scale that dwarfs many past crypto failures. Based on his figures, roughly $4.3 billion left the pockets of everyday investors. About $1.2 billion of that ended up in wallets controlled by insiders, while $320 million reportedly went to entities connected to the Trump family. I am wondering whether the Trump memecoin dinner tonight is one of the most damaging thing that has happened to crypto’s reputation in years. Even worse than FTX or Luna. Those at least pretended to be something legitimate before they collapsed. But this is the President of the… pic.twitter.com/l9nzwaN1jv — Simon Dedic (@sjdedic) April 25, 2026 The token itself has lost around 95% of its value from its peak. An estimated 2 million holders are now sitting on losses — most of them late buyers who entered based on hype and name recognition rather than any underlying project. A Different Kind Of Collapse What sets this situation apart from earlier crypto disasters is how it unfolded. The FTX collapse and the Terra Luna crash were painful. But both projects, at least on the surface, claimed to offer something real before they fell apart. Reports indicate that critics see this situation differently — less about a failed experiment, more about a structure that was designed to benefit a few from the start. That framing is what has made the Trump memecoin dinner such a charged topic in crypto circles. The blending of political branding, celebrity influence, and speculative trading has put the story in front of audiences far beyond the usual crypto crowd. That visibility cuts both ways. It draws attention to the losses suffered by retail investors, but it also puts crypto itself under a harsher light at a time when the industry has been trying to build mainstream credibility. Related Reading: XRP Signals Imminent Breakout — Is A 10% Rally Coming? Credibility On The Line The congressional scrutiny comes as the broader crypto industry watches closely. Two million holders are now on record as having lost money on the token, a number large enough to draw attention from lawmakers who have long questioned whether the space needs tighter oversight. That pressure was already building before this event surfaced. The investigation by the three senators has yet to produce formal findings. But its existence alone signals that this story is moving beyond crypto forums and into the kind of political and regulatory territory that could have lasting consequences for the industry. Featured image from Unsplash, chart from TradingView
Gunfire cut short the White House Correspondents’ Dinner on April 25, forcing the evacuation of President Donald Trump after a man armed with multiple weapons charged a security checkpoint at the high-profile gala. In a post on Truth Social, Trump revealed that US law enforcement agents subdued the suspect, who was later identified as Cole […]
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Bitcoin futures markets lit up within an hour of US President Donald Trump hinting that diplomatic talks with Iran could resume as early as Friday. Open interest on Binance climbed nearly 2%, while CME recorded a 0.5% rise, reflecting a quick surge in bullish bets from derivatives traders. Related Reading: A New Phase For XRP? Integrations Keep Rolling In Across The Ecosystem Derivatives Market Responds Fast Total Bitcoin futures open interest jumped over 8% in 24 hours, crossing $62 billion, according to data from CoinGlass. That kind of movement in the derivatives market signals traders are positioning for further upside, not just reacting to a short-term bounce. Bitcoin itself climbed more than 4% over the same period, pushing past $78,000 — a level that puts the $80K target back within reach after weeks of pressure. Price action followed in the wake of US equities indexes rebounding from their previous losses. The S&P 500, Nasdaq 100, and Dow Jones all climbed by about 1%, benefiting from the ceasefire extension as well as strong company earnings results. Risk assets across the board were bid up as investors responded to the softer tone coming out of Washington. Trump told the New York Post that a second round of talks was possible as soon as Friday — a comment that quickly circulated across financial markets. Pakistan has also backed the push, with mediators actively working to set up a new round of negotiations. The ceasefire between the US and Iran had already been extended by three to five days before these latest signals emerged. Iran’s Position Remains Unclear But the picture on Iran’s side is far from settled. According to the Tasnim news agency, Iran had no current plans to negotiate on Friday — a direct contradiction of Trump’s stated expectations. Iranian Supreme Leader Mojtaba Khamenei has not been communicating directly, and a divide between IRGC generals and Iran’s civilian negotiators is adding to the uncertainty. Iranian forces also seized two cargo ships near the Strait of Hormuz shortly after the ceasefire extension was announced, a move that complicated the diplomatic mood. Trump’s negotiators, based on reports, are now unsure whether there are reliable partners on the Iranian side to move a deal forward. Related Reading: Consistent XRP Buys Could Deliver Outsized Gains By 2030: Finance Expert Bitcoin Volume Data Raises Caution Bitcoin’s 24-hour trading volume dropped 30% even as the price climbed. That gap between price action and volume is a familiar warning sign in crypto markets — it suggests the rally may lack the broad participation needed to hold higher levels. Despite the $80K target drawing attention again, thin volume means the move could reverse quickly if the geopolitical situation shifts. Featured image from Pexels, chart from TradingView
Co-founder Eric Trump went further, saying the only thing more 'ridiculous' than Sun's lawsuit is a $6 million banana duct-taped to a wall.
The Crypto Fear & Greed Index crept up two points to 29 out of 100 on Monday — its highest reading since late January — but that number still signals fear among Bitcoin investors. Related Reading: Strategy Raises $1.76B War Chest As Saylor Signals Bigger Bitcoin Buy Markets had barely settled from a rough weekend before the index was being watched again as a barometer of just how shaky confidence remains in the crypto space. That unease has a clear cause. A two-week ceasefire between the US and Iran, which had given financial markets a brief lift and helped keep oil prices in check, is now under serious strain. It is set to expire Wednesday. Source: Alternative.me US Military Seizure Rattles Markets The trouble started Saturday when Iran said it would shut down key oil shipping lanes through the Strait of Hormuz. Bitcoin, which had climbed to $78,300 on Coinbase late Friday — its strongest price since early February — quickly gave up those gains. By Saturday and into early Sunday, it had slid to between $75,000 and $76,000. Then came Sunday night. The US military opened fire on an Iranian cargo ship and later took control of it, saying the vessel had attempted to break through a US blockade of Iranian ports. Tehran called the move a ceasefire violation and vowed retaliation. Iran also pulled out of peace talks scheduled for Monday in Islamabad, Pakistan. Bitcoin dropped sharply. It briefly fell under $74,000. JUST IN: Bitcoin falls under $74,000 after Iran rejects second round of peace talks with the US. pic.twitter.com/Bxyx687J3a — Watcher.Guru (@WatcherGuru) April 19, 2026 Stock Futures And Oil Feel The Pressure Too Crypto was not the only market caught off guard. S&P 500 futures fell 0.78% Sunday night. Nasdaq-100 futures dropped 0.6%. Dow Jones futures lost roughly 450 points, or about 0.89%. Oil moved in the opposite direction. With Iran threatening to close the Strait of Hormuz — one of the world’s most critical shipping corridors for crude — oil futures surged more than 4.5%, pushing above $95 a barrel. Related Reading: Alibaba AI Model Puts XRP Price Between $7 And $42 By Year-End Ceasefire Expiry Puts Wednesday In Focus The coming days will likely determine where things head next. With Iran rejecting new negotiations and the ceasefire window closing fast, traders are watching closely. The brief rally Bitcoin enjoyed last week, built partly on hopes that US-Iran tensions were cooling, has been wiped out. At last check, Bitcoin was trading near $75,098. Featured image from Meta, chart from TradingView