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The Council on Depositary Institutions under the Fed (CDIAC) said that non-bank stablecoins can accelerate the outflow of deposits from traditional banks and weaken lending to small businesses and households.
According to the council:
- Stablecoins are a digital analogue of the money market funds of the late 20th century, which have already changed the financial landscape once
- They create uncontrolled competition for bank deposits without falling under the same liquidity and supervision requirements
- This can undermine the basis of local lending, especially in small communities
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🇺🇸 Senators demand the abolition of the tax on unrealized profits from Bitcoin (original)
Senators Cynthia Lammis and Bernie Moreno appealed to the U.S. Treasury Department to abolish the tax on unrealized profits from digital assets, including Bitcoin.
In their opinion, the tax:
- hinders the development of American crypto companies
- weakens the competitive position of the United States in the global market
- threatens the country’s leadership in fintech innovations
@Сryptoz ₿
Senators Cynthia Lammis and Bernie Moreno appealed to the U.S. Treasury Department to abolish the tax on unrealized profits from digital assets, including Bitcoin.
In their opinion, the tax:
- hinders the development of American crypto companies
- weakens the competitive position of the United States in the global market
- threatens the country’s leadership in fintech innovations
@Сryptoz ₿
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The Israeli investment platform EToro has successfully placed shares on Nasdaq under the ticker ETOR.
The placement price is $52 per share, which is higher than the original range ($46–$50).
- Market capitalization: ~$4,300,000,000
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The goal — is to simplify access to digital assets for institutionals.
FalconX — is one of the largest institutional crypto brokers in the world.
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📌 Ticker #EOS will be replaced by #A on the Binance exchange on May 26 - announcement
The Vaulta team has already launched a portal for converting tokens as part of its rebranding (in a ratio of 1:1) - link
@Сryptoz ₿
The Vaulta team has already launched a portal for converting tokens as part of its rebranding (in a ratio of 1:1) - link
@Сryptoz ₿
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Purpose: to discuss the infrastructure of digital payments and acceleration of financial innovations in the UAE.
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#trump
🤑 Donald Trump’s family earned at least $2,000,000,000 in the first month of his presidency (NYT)
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#usdt
🧐 «I personally checked all Tether reserves» - Brandon Latnik
The chairman of the investment giant Cantor Fitzgerald said that he himself checked Tether’s reserves to make sure they were available and to deny rumors about insufficient stablecoin support.
Brandon Latnick has been the head of Cantor Fitzgerald since February 2025. He is the son of the current U.S. Secretary of Commerce Howard Latnick.
@Сryptoz ₿
The chairman of the investment giant Cantor Fitzgerald said that he himself checked Tether’s reserves to make sure they were available and to deny rumors about insufficient stablecoin support.
Brandon Latnick has been the head of Cantor Fitzgerald since February 2025. He is the son of the current U.S. Secretary of Commerce Howard Latnick.
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CEO of Anchorage Digital said that the U.S. Department of Homeland Security (DHS) is not investigating the company.
He called the article published in Barron’s «nonsense» and stressed that the information is not true.
Anchorage Digital — is one of the most regulated crypto companies in the United States. In December, it received a BitLicense license from NYDFS.
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⊹ Users will be able to pay with stablecoins from 150 million sellers around the world.
⊹ All transactions will be automatically converted into fiat.
⊹ The project is based on Iron, a payment platform that MoonPay acquired in March.
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#rwa
🇸🇬 Franklin Templeton will launch a tokenized fund in Singapore - original
Franklin OnChain US Dollar Short-Term Money Market Fund will be the first tokenized fund available to retail investors in the country.
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Franklin OnChain US Dollar Short-Term Money Market Fund will be the first tokenized fund available to retail investors in the country.
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#opinion
🐂 Bitcoin will exceed $500,000–$1,000,000 already in this cycle - CEO Blockstream
«I don’t see a logical explanation why BTC is only at $100,000. Everything has changed. I’m waiting for $500,000–$1,000,000 in this cycle.»
Growth factors:
⊹ Spot ETFs in the United States have already brought > $41,000,000,000 to the crypto market.
⊹ Pro-currency course of Donald Trump’s administration.
⊹ Crowd psychology — growth attracts new customers.
⊹ BTC follows 4-year cycles, and we are close to a new impulse.
@Сryptoz ₿
«I don’t see a logical explanation why BTC is only at $100,000. Everything has changed. I’m waiting for $500,000–$1,000,000 in this cycle.»
Growth factors:
⊹ Spot ETFs in the United States have already brought > $41,000,000,000 to the crypto market.
⊹ Pro-currency course of Donald Trump’s administration.
⊹ Crowd psychology — growth attracts new customers.
⊹ BTC follows 4-year cycles, and we are close to a new impulse.
@Сryptoz ₿
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▪️ Producer Price Index (PPI) (m/m) (Apr)
FACT: -0.5%
FORECAST: 0.2%
PREVIOUS: 0.0%
▪️ Producer Price Index (PPI) (y/y) (Apr)
FACT: 2.4%
FORECAST: 2.5%
PREVIOUS: 3.4%
▪️ Basic Producer Price Index (PPI) (m/m) (Apr)
FACT: -0.4%
FORECAST: 0.3%
PREVIOUS: 0.4%
▪️ Basic producer price index (PPI) (y/y) (Apr)
FACT: 3.1%
FORECAST: 3.1%
PRE.: 4.0%
▪️ Number of primary applications for unemployment benefits
FACT: 229K
FORECAST: 229K
PRE.: 229K
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#onchain #eth
💸 Glassnode: Almost 1,000,000 ETH ($2.5b) was withdrawn from exchanges in the last month.
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#breaking #sol
❌ Hackers hacked the SOL wallet of the founder of DeGods - stole 16 NFTs worth $19,000 (original)
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#wlfi #eos #a
💸 Lookonchain: Trump’s company World Liberty Financial bought EOS tokens for $3,000,000.
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