Trump | Crypto

As crypto regulation softens under Trump, Deribit and other global firms are reassessing opportunities in the US market. Deribit, the world’s largest crypto options exchange, is weighing an entry into the US market, encouraged by what it sees as a friendlier regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report. The Dubai-based exchange, which processed $1.3 trillion in notional volume last year, is “actively reassessing potential opportunities” in the United States, CEO Luuk Strijers told the FT. He cited the “recent shift toward a more favorable regulatory stance on crypto in the US” as a key motivator behind the decision. Read more

Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump's memecoin holders "gives [her] pause" while cozying up to the president's Bitcoin reserve plan. Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and White House tour. According to a May 2 CNBC report, Lummis said the idea that the US president was offering exclusive access to himself and the White House for people willing to pay for it “gives [her] pause.” She wasn’t the only member of the Republican Party to be critical of Trump’s memecoin perks, announced on April 23, roughly three months after the then-president-elect launched the TRUMP token.   “I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” said Republican Senator Lisa Murkowski, according to NBC News. Read more

China denies trade talks, 21 Capital to buy 42K BTC, TRUMP pumps on dinner prize. - FOMO HOUR EP343 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. BTC: 92.4k (-2%), ETH: 1740 (-3%), SOL: 146 (-4%). Top Gainers: TRUMP, POL, SUI, LEO, CRV. BTC ETFs: +$917mn, ETH ETFs: -$24mn. BTC hits $94.7k then pulls back with stocks. Sovereigns front-running US on BTC buying: Bitwise. SWFs quietly buying BTC: Coinbase. 21 Capital set to buy 42k BTC, Mallers will be CEO. Missouri BTC bill passes first committee. BTC whale groups all in accumulation. Russia launches National BTC and Crypto Exchange. Metaplanet buys $13.6m BTC. SOL strategies to buy up to $500m SOL. DeFi Dev Corp buys $10m SOL. SBF transferred to low-security p...

BTC back to $93K, Trump softens rhetoric, AI coins surge FOMO HOUR EP342 FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. BTC: 93.6k (+5%), ETH: 1810 (+11%), SOL: 152 (+9%). Top Gainers: IMX, SUI, BONK, ENA, CRO. BTC ETFs: +$913mn, ETH ETFs: +$39mn. Crypto pumps on Trump’s Powell comments. Crypto rally leads to $500m liquidations. BTC & ETH ETFs see largest inflow in months. BTC flips Alphabet to become 5th largest asset. BTC being used to hedge systemic risk: StanChart. SUI & ETH lead rally in L1 coins. XRP ledger suffers hacker attack. Trump Media & CryptoCom to partner on ETFs. Cantor, Softbank, Tether form $3bn BTC vehicle. DeFi Development Corp buys $11.5m SOL. US support for crypto poses risks for Europe:...