Federal Reserve Chair Jerome Powell has emphasized the need for stronger cryptocurrency regulation to protect consumers and ensure financial stability, without stifling innovation. He supports a regulatory framework for stablecoins, comparing them to money market funds, and believes banks can serve crypto customers if risks are managed. Powell has rejected the Fed holding bitcoin or developing a central bank digital currency under his leadership, citing legal constraints and privacy concerns. He urges Congress to create a clear legal structure for digital assets to address risks like fraud and volatility. #BTCvsMarkets #MarketRebound #TrumpVsPowell
Elon Musk has stated he personally owns 0.25 BTC, a small amount he received from a friend years ago. While he has not disclosed any additional personal BTC holdings recently, his companies hold significant amounts:
Tesla: As of Q1 2025, Tesla holds approximately 11,509 BTC, valued at over $1.07 billion. Spacex: SpaceX holds around 8,285 BTC, valued at approximately $851 million as of January 2025.
These figures are based on public statements, company reports, and on-chain data from sources like Arkham Intelligence. Musk’s personal BTC holding remains minimal, but his companies’ substantial investments reflect a broader involvement in Bitcoin. Always consider that cryptocurrency holdings can change, and exact personal amounts may not be fully disclosed.
$BTC $ETH $TRUMP 📉 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄; • Bitcoin (BTC) has fallen below $92,500, currently sitting at about $92,684, having decreased by 1.08% in the last 24 hours. • Ethereum (ETH) has also lost 3.13%, sitting at about $1,755.65. Other top cryptocurrencies such as XRP and Dogecoin have seen drops of up to 4%. • The world crypto market capitalization is at $2.89 trillion, having dropped by 1.34% from yesterday. 🚀 𝗡𝗼𝘁𝗮𝗯𝗹𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀: • 𝑻𝒓𝒖𝒎𝒑 𝑻𝒐𝒌𝒆𝒏 𝑹𝒖𝒔𝒉: Trump meme coin has exploded more than 60% after a notice was made that the first 220 holders will receive an invitation for a private dinner with President Donald Trump on May 22. The first 25 holders have been assured a VIP reception and special tour alongside the president. The project forms part of an expansive effort by Trump into crypto businesses, such as introducing the exchange World Liberty Financial. • 𝑩𝒊𝒕𝒄𝒐𝒊𝒏 𝑴𝒊𝒏𝒆𝒓𝒔 𝑼𝒏𝒅𝒆𝒓 𝑷𝒓𝒆𝒔𝒔𝒖𝒓𝒆: Even as the price of Bitcoin has rallied, miners are being squeezed economically. Their profits and stock performance haven't kept up with the price rise in Bitcoin, reflecting the worsening economics in the industry • 𝑹𝒖𝒔𝒔𝒊𝒂'𝒔 𝑪𝒓𝒚𝒑𝒕𝒐 𝑬𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝑷𝒍𝒂𝒏𝒔: Russia's central bank and finance ministry are planning to announce a crypto exchange for "highly-qualified" investors. The step will legalize crypto assets and push crypto operations out into the open. 🧠 𝗘𝘅𝗽𝗲𝗿𝘁 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: • 𝑿𝑹𝑷 𝑶𝒖𝒕𝒍𝒐𝒐𝒌: Investor Edoardo Farina recommends holding XRP positions, warning that selling at the current time would be a mistake because the cryptocurrency will likely see massive gains in the next few months. • 𝑬𝒕𝒉𝒆𝒓𝒆𝒖𝒎'𝒔 𝑭𝒖𝒕𝒖𝒓𝒆 𝒊𝒏 𝑫𝒐𝒖𝒃𝒕: Cardano creator Charles Hoskinson has questioned Ethereum's long-term future, citing several problems in its ecosystem that might prevent it from being sustainable in the next 10-15 years.