Crypto Mortgage Adoption, Bitcoin Hits $108K, Tether AI Future

Key Crypto Market Developments

U.S. Housing Regulator Accepts Cryptocurrency for Mortgages

The U.S. housing regulator has mandated Fannie Mae and Freddie Mac to accept cryptocurrencies as valid assets when evaluating mortgage applications. This marks a significant milestone in integrating digital assets into traditional finance.

Bitcoin Surges Past $108K Amid Growing Long-Term Holder Supply

Bitcoin’s price has surpassed $108,000, with the supply held by long-term holders increasing significantly, mirroring market conditions prior to the earlier rise from $60,000 to $106,000. This signals sustained bullish sentiment among investors.

White House Deputy Director Reveals Bitcoin Accumulation Plan

A deputy director at the White House has indicated that the administration has a “plan for accumulating” Bitcoin, reflecting growing institutional and governmental acceptance of cryptocurrency.

Tether CEO Predicts Trillions of AI Agents Using Bitcoin and USDT

The CEO of Tether forecasts that within the next 15 years, trillions of artificial intelligence agents will conduct transactions using USDT and Bitcoin, each equipped with individual crypto wallets, greatly expanding crypto adoption.

Trump’s World Liberty Financial Prepares Token Launch and App

Trump’s cryptocurrency project, World Liberty Financial, announced plans to list its WLFI token and release the first audit of its USD1 stablecoin. The project has raised $550 million through public sales and also plans to launch a mobile application.

Privacy Pools Expands to Stablecoin Transactions on Ethereum

Privacy Pools has added support for USDT, USDC, and DAI stablecoins, allowing users to conduct anonymous transactions on Ethereum via zero-knowledge proofs, enhancing transactional privacy.

ResupplyFi Hacked for $9.5 Million

Blockchain security firm SlowMist reported a $9.5 million hack on ResupplyFi, resulting from manipulation of the cvcrvUSD exchange rate. This highlights ongoing vulnerabilities in DeFi protocols.

Invesco Files for Solana ETF, Canary Capital Targets Pudgy Penguins ETF

Investment giant Invesco has filed with the SEC for a spot Solana ETF. Concurrently, Canary Capital submitted a filing to launch an ETF focused on Pudgy Penguins, expanding the diversity of crypto-related financial products.

StormX Files for Chapter 7 Bankruptcy

StormX (STMX) has filed for Chapter 7 bankruptcy in the U.S., beginning the liquidation process to pay off creditors, underscoring the volatility and risk inherent in the crypto industry.

Ledger Ends Support for Nano S

Hardware wallet provider Ledger has announced the end of support for its Nano S device, urging users to transition to newer models, marking the end of an era for one of crypto’s most popular hardware wallets.

Macro Economic Developments

Trump Considers Replacing Federal Reserve Chair Powell

President Trump is reportedly considering replacing Federal Reserve Chair Jerome Powell this summer in an effort to weaken Powell’s influence, according to the Wall Street Journal, potentially shaking up monetary policy.

Nvidia Approaches Golden Cross Indicator

Nvidia is nearing a Golden Cross formation for the first time since January 2023. The last such event led to a subsequent 695% price increase over two years, indicating potential bullish momentum for the stock.