Crypto Pulse of the Day: Trump Auto Tariffs & Global Crypto Updates
President Donald Trump signed an order removing aluminum and steel tariffs on imported vehicles and offering manufacturers rebates of up to 3.75% of a vehicle’s cost to support domestic production .
Top 10 Crypto Projects by Developer Activity
Santiment reports that over the last month, the ten most active projects in terms of development were RLC, ICP, LINK, STRK, ADA, OP, DEEP, SUI, ETH, and ZK .
Futures Market Lacks Bullish Drive
Over the past three days, the Bitcoin futures market has shown no bullish bias, with holders taking profits at realized price levels, which is capping upside momentum .
Senate to Vote on Stablecoin Bill
The US Senate plans to vote on a comprehensive stablecoin regulation bill by the end of May, aiming to establish clear federal oversight and consumer protections.
Ledger Phishing Campaign
Scammers are sending fake letters to Ledger users, demanding their private seed phrase under the guise of urgent security updates, in an effort to steal crypto assets .
Texas Court Rules Against Tornado Cash Sanctions
A Texas court found US Treasury Department sanctions against Tornado Cash unlawful, barring OFAC from reapplying them. OFAC had delisted the mixer in March .
El Salvador Continues Buying Bitcoin
El Salvador’s Economy Minister confirmed the country is still purchasing Bitcoin despite conditions in its $1.4 billion IMF loan agreement, underscoring the government’s commitment to the crypto project .
BlackRock Plans Tokenized Fund
BlackRock filed with regulators to offer tokenized shares of its $150 billion Treasury Trust Fund via BNY Mellon, marking a major step into digital asset tokenization .
Whales Sell BTC and ETH
Miners sold 943 BTC ($850 million) as prices rose, while large holders offloaded 262 000 ETH ($445 million) .
Consumer Confidence Hits 2011 Low
US consumer confidence expectations dropped to the lowest level since October 2011, signaling broader economic unease .
Scroll Becomes First zk-Rollup Stage 1
Scroll co-founder reported their zk-Rollup reached Stage 1, eliminating arbitrary upgrades, censorship, and systemic failure risks, boosting Layer 2 security and decentralization .
Truth Social Considers Utility Token
Trump Media is exploring a utility token and a proprietary wallet for subscriptions and services on Truth Social, and plans an ETF combining stocks and crypto assets .
Bitget and Avalanche Support Web3 India
Bitget and Avalanche will allocate $10 million to fund grants, scholarships, hackathons, and workshops for India’s Web3 community.
Bunq Launches Crypto Trading with Kraken
European neobank Bunq launched crypto trading via Kraken in six EU countries, with plans to expand across the EEA, UK, and US .
Fidelity: Ethereum Undervalued
Fidelity notes Ethereum active addresses rose to 13.6 million (+74% in a week) and key metrics (MVRV Z-Score, NUPL) suggest a market bottom. The average purchase price of $2 020 exceeds current levels, while short-term holders sell and long-term holders hold .
SEC Closes PYUSD Probe
The US Securities and Exchange Commission closed its investigation into PayPal’s PYUSD stablecoin without sanctions, concluding no violations occurred .
Tether Issues 2 Billion USDT
On-chain analytics platform Whale Alert reports Tether minted 2 billion USDT on Ethereum in a single transaction .
ProShares Reschedules XRP Futures ETF
ProShares delayed the launch of its XRP futures ETF to May 14, according to industry sources .
Stay tuned to Crypto Pulse of the Day for your essential briefing on the latest developments in digital assets!
News
Bitcoin Enters Price Discovery as Whale Trades and Macro Signals Roar
Bitcoin hits new all-time highs eyeing $116K–$148K levels, a 40× whale long nets $40M, Fed’s $50B self-buy sparks hyperinflation warnings, and analysts see BTC at $120K+ soon.
Whale Opens $830 M 40× BTC Long; Hayes & Novogratz Issue Bold Crypto Forecasts; Key Legislative and Tech Updates
A BTC whale takes a $830 M 40× long, Bitcoin logs six consecutive green weeks, the GENIUS Act advances in the Senate, and Arthur Hayes predicts ETH at $10K–$15K as Solana’s Alpenglow upgrade nears.
GENIUS Act Advances in Senate as Crypto Markets Rally on Regulatory Clarity and Network Milestones
The GENIUS Act moves to full Senate debate ahead of Memorial Day, while Bitcoin and altcoins benefit from reduced exchange reserves, protocol upgrades, and bullish forecasts from industry leaders.
Bitcoin Closes at $106,500, Dollar Falls After Moody’s Downgrade, and Hayes & Novogratz Forecast Crypto’s Next Moves
Bitcoin hit a record weekly close of $106,500; the dollar slid to 100.85 after Moody’s downgrade; Arthur Hayes forecasts a summer altseason and $250K BTC, Michael Novogratz sees a $22 trillion crypto market.
Key Crypto and Market Updates: Arrests, Network Milestones, and DeFi Developments
Ex-Binance exec arrested for $15M fraud; Avalanche hits 1.95M active addresses; over 1M ETH withdrawn from exchanges; Fusaka devnet on May 26; MetaMask adds Solana; consumer sentiment at 43-year low.
