- Bitcoin (that cheeky digital rascal) briefly threw off its shackles from U.S. stocks as Fed and Trump bickered like naughty schoolchildren.
- Paul Atkins took the throne as the 34th SEC chairman, promising to play nice… or at least try.
Bitcoin’s daring dance above the noisy U.S. stock market was the talk of the crypto playground today.
Ever since those infamous ‘Liberation Day’ tariffs popped up in April, our king coin has been as shy as a cat in a room full of rocking chairs—keeping pace with jittery U.S. stocks.
But oh, just before Tuesday’s market bell rang, BTC puffed up its chest and soared to an April peak of $88.8K—like a balloon escaping a party! 🎈
Meanwhile, gold, that shiny old grandpa of metals, glittered its way to a staggering $3,500 an ounce—clambering higher as folks ran scared from Trump’s blistering attacks on the sacred Fed.
Crypto brainiacs at QCP Capital chirped:
“Everyone’s jumping ship from U.S. stocks, Treasuries, and the dollar faster than you can say ‘Federal Reserve independence’… whatever that means nowadays.” 🙄
Trump, showing his usual flair for drama, called Fed chair Jerome Powell ‘too late’ to cut interest rates and threatened to boot him out before his term’s end, because why not stir the pot?
The markets responded like a cat spooked by a cucumber: dollar and stocks tumbled, but BTC and gold took a victory lap. 🏆
Circle’s New Toy to Tussle with SWIFT & Co.
Stablecoin giant Circle rolled out its shiny new cross-border payment network (CPN) aiming to boss around SWIFT, Mastercard, and even Ripple—because life isn’t dramatic enough already.
What’s this magical gadget supposed to do? Well, unlike the cranky old platforms that take up to three days and bite off 6% in fees, Circle claims:
“With CPN, banks and payment folks can move money at internet-speed using digital dollars and euros safe-guarded like grandma’s secret cookie jar.” 🍪
Nic Carter, crypto sage and former Fidelity whisperer, said it’s essentially SWIFT 2.0 with a snazzy new hat.
Meanwhile, Ripple watches from the sidelines, probably sharpening its claws, since its cross-border gambit just got a new challenger.
Speaking of Ripple, XRP might stumble again thanks to a recent legal kerfuffle in Oregon, where the Attorney General waved a complaint flag against Coinbase.
The accusation? That XRP, Solana [SOL], and 29 other tokens have been traded as sneaky unregistered ‘crypto securities.’ Yikes!
Coinbase, not one to take slings and arrows lightly, fired back pointing out some big, gaping holes in the complaint—particularly citing that XRP was only declared a ‘security’ when sold to the big institutional kids on the block.
Finally, on Monday, the ever-cheerful Paul Atkins was sworn in as the SEC’s 34th commander-in-chief, promising ‘rational’ crypto rules (and maybe some magic).
Nate Geraci from ETF Store believes this could fast-track all those fancy pending applications—like staking on ETH ETFs—making crypto fans grin like kids on candy day. 🍭
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2025-04-23 02:22