Category: Crypto news

On May 1, Gooden penned a letter to Stephen Ehikian, the acting head of the General Services Administration (GSA). This is the agency tasked with managing government properties, in case you didn’t know. In his letter, Gooden made a pitch that these ATMs would serve as an “educational resource” (because who wouldn’t want to learn about crypto at the DMV?) and show the world that the US government is keeping up with the “advances” in financial technology. He asked the GSA to start looking into the guidelines and regulations for putting crypto ATMs in government buildings across the country. But don’t worry – it’s all in line with President Trump’s grand vision, apparently.

Procap Acquisition Corp., exiled to the tax-friendly Cayman Islands (where fortunes go to sunbathe and occasionally disappear), is captained by Anthony Pompliano. Mr. Pompliano hopes to merge with—or perhaps simply grace—a financial services business. The plot: 20 million units at $10 a pop, each conferring the intoxicating cocktail of a single Class A ordinary share plus one-third of a redeemable warrant—because we all love fractions in finance. For those curious about symbols found outside of Wilde’s plays, the company will parade as “PCAPU” on Nasdaq.

CryptoRank’s data basically reads like: “Yes, April happened. No, you weren’t dreaming. XRP made you money. You’re welcome.” April, previously a mean girl with loss after loss, suddenly flips and says, “Oh sorry, did you want a ‘decent recovery’? Here, have 4.98%, darling.”

Sure, the drop wasn’t the kind that makes you leap out of your chair and look for a parachute. But a contraction is still a contraction—even if it’s wearing a polite hat. In April, those brave (or stubborn) souls known as bitcoin miners made off with $1.18 billion in total revenue—block subsidies and transaction fees bundled together like a suspiciously light fruitcake, according to data unearthed by theblock.co. The fees alone accounted for a mere $15.65 million (yes, consider buying that second coffee). For comparison, March’s piggy bank had $1.22 billion in it, so April’s piggy really needs a good meal and probably a holiday. 🐷

Now, nobody really knows the full details yet—shocking, right? But already people are pumped, and the S token price went up 18%. Eighteen percent! In crypto, that could mean it’s about to moon… or someone just sneezed near the blockchain. Who knows? 🤷‍♂️

The Bureau of Economic Analysis (let’s be honest, the real action heroes of statistical tables) showed the Personal Consumption Expenditure (PCE) Index jogged down to 2.3% annually in March. That’s the Fed’s favorite inflation gauge, for reasons only they (and perhaps their pet economists) fully understand.

April was an absolute bloodbath for NFTs. We’re talking a 39.62% drop in total transactions, with a sad little $388.77 million in sales. Buyers vanished, dropping 48.46%, while sellers…well, they “suddenly got busy” and also dipped by 39.05%. If you’ve ever been in a meeting where everything was going downhill, this was that, but with fewer coffee breaks.

Hold onto your wallets because the U.S. Treasury, in a riveting presentation on April 30, took a cue from Standard Chartered and ran with it. They’re now projecting that dollar-backed stablecoins could jump from their current size of $240 billion to nearly $2 trillion by 2028. That’s right, trillion. With a T. I bet the Treasury folks were just as surprised as you are by how big the crypto train is getting.

According to an X post from Titan of Crypto (because apparently “Twitter” just wasn’t cool enough anymore), Bitcoin’s price is breaking free from its current range. It’s looking strong, like someone who skipped leg day and is still confident about the squat challenge. If Bitcoin can close a day above $96,200, it’s on track to hit $99,000. Do I know what happens if that happens? Absolutely not. But will it be exciting? Of course it will!

Initially sparked by a formal court order in November 2023, the investigation into PYUSD questioned the mechanics of the stablecoin that promised to replicate the good ol’ U.S. dollar, exactly, no more, no less. For over a year, regulators scrutinized every facet, every decimal point of PYUSD’s design. All for what? To find that PayPal had done nothing particularly wrong? Color me surprised.