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Despite a 16.8% decline, Cardano traders remain bullish as key indicators suggest a recovery. If ADA holds support, it could aim for $1 again.
Bitcoin ETFs faced heavy outflows amid macroeconomic uncertainty and unwinding arbitrage trades. Trump's Strategic Bitcoin Reserve announcement failed to spark a rally, leading to a sharp market correction.
XRP faces mounting bearish pressure as open interest and price dip. With traders closing positions and sentiment weakening, will bulls step in?
PI continues its downward spiral, shedding nearly 20% in a week. With sell-offs mounting and key indicators flashing red, will bulls regain control?
The OCC's new guidance lets banks engage in crypto custody and stablecoin services without prior approval. While the decision is a win for crypto adoption, lingering Fed and FDIC restrictions still pose challenges for full banking integration.
- 22:24Meta considers integrating stablecoins again to reduce payment costs after selling the Diem projectMeta is considering integrating stablecoins to reduce payment costs compared to fiat currency, such as paying Instagram creators. The report states, "The company seems to have not yet determined which specific stablecoin to use." Additionally, Meta has "contacted crypto infrastructure companies to address the cost issues of cross-regional payments." The company has also hired "former Ripple executive Ginger Baker as Vice President of Product." This renewed focus on stablecoins comes as "U.S. regulators have taken a more favorable attitude towards cryptocurrencies after President Trump's inauguration." In 2019, Meta launched the stablecoin project Libra, later renamed Diem, but "due to regulatory pressure, the project was not launched as scheduled and was eventually shut down." The intellectual property of Diem has been sold to Silvergate Bank, and although the bank later declared bankruptcy, "the project continues in new chains like Aptos with the MOVE language, but no longer involves Meta."
- 22:17Trump: Will Use Tariffs to Pressure Countries to Open UpOn May 8, U.S. President Trump: Federal Reserve Chairman Powell may not like me, but even without rate cuts, the U.S. is still performing well. Will use tariffs to pressure countries to open up.
- 22:16Trump Criticizes Fed Again for Not Cutting Rates: Talking to Powell is Like "Playing Music to a Cow"On May 8, U.S. President Trump stated: Everyone except the Federal Reserve is cutting interest rates, and talking to Federal Reserve Chairman Powell is like "playing the lute to a cow," as Powell is always "too late."