Crypto Weekly Roundup: Tether Mints, Trump's SEC Pick, and Bitcoin L2 Projections
Crypto Weekly Roundup: Tether Mints, Trump's SEC Pick, and Bitcoin L2 Projections
🤔 Trump's Crypto Power Move
Key developments in the crypto space this week:
Tether minted an additional $3B in USDT stablecoins, continuing its market expansion
Former President Trump is reportedly considering crypto lawyer Teresa Goody Guilln for SEC leadership
Hong Kong's Web3 ecosystem shows significant growth with Cyberport network reaching 270 blockchain firms
Galaxy Digital Research projects $47B in Bitcoin could move to Layer 2 solutions by 2030
Speculation grows about potential US Bitcoin reserve policy under a future Trump presidency
This follows recent developments including a16z's positive outlook on crypto regulation under Trump and BlackRock's expansion of tokenized funds.
🚀 Popping #CryptoNews past week: 🔹a16z sees ‘greater flexibility to experiment’ with crypto under Trump. 🔹The UK plans to trial issuing digital government bonds within the next two years. 🔹BlackRock Expands BUIDL Tokenized Fund Across Multiple Blockchains. 🔹Tether Launches
ZEDXION Exchange Trading Volume Analysis - May 2025
ZEDXION exchange maintains consistent trading performance with **$1.18B volume** in the last 24 hours. The DMAGA/USDT pair emerged as today's top performer with a **109.05% gain**. Trading volume trends over the past week: - May 5: $1.18B (DMAGA/USDT +109.05%) - May 4: $851.91M (LBR/USDT +50.74%) - May 3: $1.26B (BITCAT/USDT +110.65%) Bitcoin currently trades at $92,197.86 while Ethereum stands at $1,755.71. Visit [ZEDXION Exchange](http://zedxion.io) for more details.
Bitcoin Defies Washington Post's 2015 'Death' Prediction
In 2015, the Washington Post published an article declaring 'RIP BITCOIN' when the cryptocurrency was trading at $350. Nine years later, Bitcoin has proven remarkably resilient, now trading at $94,000. - Bitcoin has been declared 'dead' by media and experts 415 times - A hypothetical $100 investment at each 'death' declaration would now be worth over $70.6 million This case highlights the importance of skepticism toward mainstream media predictions about cryptocurrency markets. Historical data shows Bitcoin's ability to recover from negative press and market downturns.
Circle Secures Abu Dhabi Regulatory Approval for Middle East Expansion
Circle, the company behind USDC stablecoin, has received regulatory approval from Abu Dhabi authorities to expand operations in the Middle East. This development comes shortly after Abu Dhabi's announcement of plans to launch a dirham-backed stablecoin. Key points: - Circle granted regulatory license in Abu Dhabi - Approval enables regional expansion of USDC services - Follows Abu Dhabi's plans for local stablecoin - Strategic move to strengthen crypto presence in Middle East This expansion marks a significant step in bringing regulated stablecoin services to the growing Middle Eastern crypto market.
ZEDXION Exchange Trading Volume Analysis - April 2025
ZEDXION cryptocurrency exchange shows consistent trading performance in April 2025: - Daily volume: $1.55B (April 24) - Top performer: TRUMP/USDT (+31.15%) Historical context shows: - Volume range: $1.13B-$2.95B this month - Notable gainers included: * MYRO/USDT (+96.27%) * NULS/USDT (+84.24%) * MAGIC/USDT (+72.52%) [Visit ZEDXION](http://zedxion.io) for live trading data.
Kentucky Governor Signs Digital Asset Rights Bill
Kentucky has joined the growing list of states enacting digital asset legislation, with the Governor signing a new bill protecting digital asset rights. This follows Utah's successful passage of similar legislation and initiatives in Maryland, marking a significant trend in state-level crypto regulation. - 18 states now actively working on digital asset legislation - Builds on February's momentum when Utah cleared its bill - Represents growing state-level recognition of digital assets The law aims to establish clear guidelines for digital asset ownership and trading within Kentucky's jurisdiction.