Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year – The Daily Hodl
Trump criticizes Fed Chair Jerome Powell for not cutting interest rates, claiming it costs the US $600 billion annually. He calls Powell a ‘numbskull’ but says he won’t fire him. The Fed maintains rates to control inflation.
UK Gold Mining Company Bluebird To Convert Gold Revenues Into Bitcoin
Bluebird Mining Ventures Ltd. will convert future gold revenues into bitcoin, adopting it as a treasury reserve asset, citing bitcoin’s fixed supply and inflation hedge benefits.
Polkadot seeks stability with $2M Bitcoin reserve strategy amid DOT downturn
Polkadot proposes converting $2M worth of DOT into Bitcoin to create a strategic reserve, aiming to hedge against market volatility and support DeFi growth amid DOT’s price decline.
Ripple (XRP) Drops 5% Amid Iran-Israel Conflict
Ripple (XRP) dropped 5% amid Middle East tensions between Iran and Israel, with market cap falling nearly 5%. The SEC and Ripple proposed a $50M settlement that could boost XRP’s price.
ATOM Tumbles 9% as Crypto Market Plunges Amid Middle East Tensions
ATOM cryptocurrency dropped 9% amid broader crypto market decline triggered by Middle East tensions, according to CoinDesk Analytics’ AI-powered market reports.
Retail Titans Amazon and Walmart Reportedly Weigh Stablecoin Options – Crypto News Bitcoin News
Retail giants Amazon and Walmart are reportedly considering launching their own stablecoins, according to sources. The move reflects growing corporate interest in dollar-pegged digital tokens.
Gensler-Era Crypto Rules Scrapped—Will Blockchain Industry See a New Era of Regulation? News ETHNews
The SEC has withdrawn proposed crypto regulations, including DeFi exchange classification and strict custody rules, signaling a shift toward more collaborative and innovation-friendly oversight under new leadership.
Hoskinson Proposes $1 Billion Cardano Sovereign Wealth Fund
Charles Hoskinson proposes a $1 billion decentralized sovereign wealth fund for Cardano, aiming to diversify its treasury with stablecoins and Bitcoin to improve liquidity and yield generation.
JPMorgan Reports Record Profits For Bitcoin Miners In Q1
JPMorgan reports U.S. Bitcoin miners achieved record profits in Q1 2025, with $2.0 billion in gross profit and 53% margins. IREN led in profitability, while MARA maintained top production despite higher costs.
ETF filings explode in 2025, heating hopes of an ‘altcoin summer’
In 2025, 31 altcoin ETF applications were filed in the US, driven by regulatory optimism. Major firms like VanEck and WisdomTree seek approvals for BNB, AVAX, and XRP ETFs, including memecoins.
