Crypto Weekly Recap: Trump, Markets & Regulation
President Donald Trump said he does not plan to fire Federal Reserve Chair Jerome Powell, despite frustration over the slow pace of rate cuts. The U.S. dollar initially spiked, then stabilized, while S&P 500 and Nasdaq futures ticked upward.
Trade War: A Concession to China
In a potential de-escalation of the tariff conflict, the White House signalled it may reduce the 145 percent duties on Chinese imports to 50–65 percent, citing optimism about reaching a deal—bolstered by President Trump’s personal rapport with Xi Jinping—and receiving 18 negotiating proposals from other countries.
Bitcoin Strategic Reserve
On March 6, Trump signed an order to create a Strategic Bitcoin Reserve—a “digital Fort Knox” stocked with coins seized in federal investigations. Roughly 200,000 BTC will be allocated, and the Treasury must deliver a detailed report within 60 days.
Ethereum’s Upcoming Pectra Upgrade
On May 7, Ethereum will roll out the Pectra upgrade to enhance network scalability and security. Early testnet trials of its core features have already proven successful.
Arthur Hayes’ Bullish Forecast
In his essay “Ski Cut,” analyst Arthur Hayes argues that following a macro shock and potential treasury buybacks, Bitcoin could surge to $110,000–$200,000, driven by a buy-and-hold strategy among institutional players.
Musk Reduces Focus on DOGE
Elon Musk clarified he’s not abandoning Dogecoin but cutting back his involvement: upon returning to Tesla in May, he’ll dedicate just 1–2 days per week to the DOGE team.
Corporate Crypto Holdings
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Tesla reports $951 million in crypto assets and confirmed it sold no BTC last quarter.
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Cantor Fitzgerald, SoftBank, and Tether are forming 21 Capital to purchase $3 billion in Bitcoin, positioning it as a public alternative to MicroStrategy’s strategy.
Regulation and Legal Battles
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Paul Atkins has become the SEC Chair, pledging a rational, coherent approach to digital-asset oversight.
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Matter Labs (zkSync developer) faces a lawsuit from BANKEX alleging intellectual-property theft by former employees—a claim Matter Labs calls unfounded.
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.
