To unlock the full potential of AI in web3, we must address the payment problem head-on with intelligent stablecoins and dedicated financial infrastructure.

Solving the payment problem for AI in web3 | Opinion

US President Donald Trump on April 10 signed a joint Congressional resolution 
overturning a Biden-era rule that requires decentralized finance (DeFi) 
protocols to report to the country&#8217;s tax authority, the Internal Revenue 
Service.
The rule would have required DeFi platforms, such as decentralized exchanges, 
to file their gross proceeds from crypto sales and include information on 
those involved in the transactions.
Trump was widely expected to sign the bill, as White House AI and crypto czar 
David Sacks said in March that the president would support killing the 
measure.
This is a developing story, and further information will be added as it 
becomes available.

Trump signs resolution killing IRS DeFi broker rule

A new court filing reveals Ripple and the SEC are racing toward a landmark 
settlement, signaling a dramatic turn in the XRP case with massive crypto 
implications. Ripple and SEC Request Court Pause as Settlement Nears in XRP 
Case Attorneys representing both the U.S. Securities and Exchange Commission 
(SEC) and Ripple Labs Inc. jointly submitted […]

Ripple and SEC Ask Court to Halt XRP Case as Deal Nears Final Approval

The repeal fosters a more innovation-friendly environment for DeFi, reducing 
compliance burdens and protecting user privacy in the crypto sector.
The post Trump signs resolution overturning IRS DeFi broker rule appeared 
first on Crypto Briefing.

Trump signs resolution overturning IRS DeFi broker rule

An analyst has explained how a break beyond the 200-day moving average (MA) 
might put Bitcoin on the path to a top around the upper band of this 
indicator. Bitcoin Mayer Multiple Currently Has Its Upper Band Located At 
$208,550 In a new post on X, analyst Ali Martinez has discussed the Mayer 
Multiple of Bitcoin. The &#8220;Mayer Multiple&#8221; here refers to an indicator that 
keeps track of the ratio between the BTC price and its 200-day MA. One way to 
interpret the metric is as a measure of the distance away that the asset&#8217;s 
value is from the 200-day MA. Historically, the 200-day MA has served as a 
boundary between bullish and bearish trends for the cryptocurrency, so how far 
its price is from this important line can help indicate potential oversold and 
overbought conditions. Related Reading: 62.8% Of XRP Realized Cap Held By New 
Investors: Sign Of Fragility? More specifically, a Mayer Multiple value of 2.4 
or more has generally signaled that the asset is becoming overheated. 
Similarly, a value of 0.8 or under can suggest the coin may be due to a bounce 
back towards the 200-day MA. Now, here is the chart shared by the analyst that 
shows the trend in the 200-day MA of Bitcoin, as well as lines corresponding 
to the 2.4 and 0.8 Mayer Multiple levels, over the past decade: As is visible 
in the chart, Bitcoin has recently declined under the 200-day MA, situated at 
$86,900. This means that the Mayer Multiple has now dropped under the 1.0 
mark. The next potential support for the cryptocurrency could be located at 
$69,500, corresponding to the level where the Mayer Multiple would assume a 
value equal to 0.8. BTC has witnessed a surge in the past day, so it&#8217;s 
currently closer to retesting the 200-day MA than falling back on this 
support. In the scenario that the asset goes on to retest this mark and 
successfully break above it, Martinez has noted that the stage might be set 
for a market top around $208,550. This level, of course, correlates to the 2.4 
Mayer Multiple level. So far in the current cycle, Bitcoin hasn&#8217;t made a 
single touch of this level. From the chart, it&#8217;s visible that the bull run in 
the second half of 2021 attained its peak far below the line, but the 
cryptocurrency still spent time around it during the first half of the year. 
Related Reading: Stablecoin Activity Shoots Up: Investors Looking To Buy 
Bitcoin? Given the precedence, it&#8217;s possible that the asset would hit this 
mark at least once in the remaining portion of the current cycle. It only 
remains to be seen, however, whether the pattern holds, considering the 
uncertainty in the form of tariffs that&#8217;s looming over the market. BTC Price 
Bitcoin has shown some sharp recovery during the last 24 hours as its price is 
back to $81,500 after a jump of over 6%. Featured image from Dall-E, 
Glassnode.com, chart from TradingView.com

Bitcoin Breakout Above This Level Could Set Stage For $208,550 Top, Analyst Says

Jim Rickards, economist and author of the best-selling book &#8220;Currency Wars,&#8221; 
explained that tariffs are extremely good for the U.S. to the detriment of 
other countries. In a recent podcast, Rickards stated that contrary to the 
idea of tariffs being a sales tax for the American people, it primarily 
affected the dynamics between the importer/distributor […]