U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock Market Stall Amid efforts to highlight President Trump’s policy achievements during his second […]

Markets Waver as US Treasury Chief Talks Tough on China Trade Risks

US Senate Majority Leader John Thune reportedly told Republican lawmakers that 
the chamber would address a bill on stablecoin regulation before the May 26 
Memorial Day holiday.
According to an April 29 Politico report, Thune made the comments in a closed- 
door meeting with Republican senators, who hold a slim majority in the 
chamber. The Guiding and Establishing National Innovation for US Stablecoins, 
or GENIUS Act, was introduced by Senator Bill Hagerty in February and passed 
the Senate Banking Committee in March.
Thune did not mention any crypto or blockchain-related bills in his public 
comments on US President Donald Trump&#8217;s first 100 days in office. Since his 
Jan. 20 inauguration, Trump has signed several executive orders with the 
potential to affect US crypto policy, including one affecting stablecoins. 
Still, many of the actions do not carry the force of law without an act of 
Congress.
_**Related:**__**$649B stablecoin transfers linked to illicit activity in 
2024: Report**_
The proposed GENIUS bill could essentially restrict any entity other than a 
&#8220;permitted payment stablecoin issuer&#8221; from issuing a payment stablecoin in the 
United States. The House of Representatives, also controlled by Republicans, 
has proposed a companion bill to the legislation: the Stablecoin Transparency 
and Accountability for a Better Ledger Economy, or STABLE Act.
## Trump accused of conflicts of interest over stablecoins, crypto ventures
The president&#8217;s executive order, signed on Jan. 23, established a working 
group to study the potential creation and maintenance of a national crypto 
stockpile and a regulatory framework for stablecoins. Republican lawmakers 
followed by introducing the STABLE and GENIUS acts.
Trump also introduced the order before World Liberty Financial, a crypto firm 
backed by the president&#8217;s family, launched its US-dollar pegged USD1 
stablecoin. Many Democratic lawmakers said that Trump&#8217;s ties to the firm, 
coupled with his political influence and position, could present an 
&#8220;extraordinary conflict of interest that could create unprecedented risks to 
our financial system&#8221; as Congress considers the two stablecoin bills.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

US Senate majority leader expects stablecoin vote before May 26 — Report

World, the biometric cryptocurrency and ID project, has launched Build Latam 
in Argentina, a program aimed at empowering tech projects to leverage World’s 
services in their products. Martín Mazza, Tools for Humanity regional manager 
for Latin America, explained the new security measures the project has 
implemented to protect user data. World Launches Latam-Focused Incentives, 
Discusses […]

Biometric Crypto ID Project World Launches Build Latam in Argentina, Unveils New Data Security Processes

**Key Takeaways:**
 * Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook.
 * The JOLTS report shows a sharp drop in open US jobs, raising investors&#8217; hope for Fed interest rate cuts. 
According to Fidelity Digital Assets, Bitcoin&#8217;s (BTC) mid-term outlook dropped 
to an &#8220;optimism&#8221; zone, as the investment firm noted that BTC is trending 
toward &#8220;undervaluation.&#8221;
As proof, the firm cited the &#8216;Bitcoin Yardstick&#8217; metric, which measures BTC&#8217;s 
market cap divided by its hashrate. A lower ratio suggests that Bitcoin is 
&#8220;cheaper&#8221; relative to the energy security of its network.
In Q1 2025, the metric stayed between -1 and 3 standard deviations, cooling 
from its Q4 2024 overheated levels. The number of days above 2-standard 
deviations dropped from 22 to 15, with none above 3, indicating that Bitcoin 
is less expensive compared to its network strength.
_Bitcoin Yardstick chart. Source: Fidelity Digital Assets Report_
The investment firm mentioned that Bitcoin is in an &#8220;acceleration phase,&#8221; 
where rallies to new highs aren&#8217;t uncommon, though they caution a blow-off top 
could take place.
Illiquid supply rose from 61.50% to 63.49%, while liquid supply fell by 4%, 
indicating holders are increasingly committed to long-term positions. The 
Illiquid Supply Shock Ratio, currently 16% below its 2017 peak.
_Bitcoin Liquid and Illiquid supply. Source: Fidelity Digital Asset Signals 
Report_
In line with this view, Cointelegraph reported that BlackRock&#8217;s iShares 
Bitcoin Trust (IBIT) ETF recorded a significant inflow of $970.9 million on 
April 28, 2025, marking its second-largest daily inflow since its January 2024 
launch.
Since April 22, IBIT has amassed over $4.5 billion in net inflows, defying 
broader market trends where competitors like Fidelity&#8217;s FBTC and ARK&#8217;s ARKB 
faced outflows. With over $54 billion in assets under management, IBIT holds a 
51% share of the US spot Bitcoin ETF market.
_**Related: BlackRock Bitcoin ETF buys $970M in BTC as inflows surge, boost 
market**_
## Bitcoin gets a boost from US JOLTS data
The March 2025 US Job Openings and Labor Turnover Summary (JOLTS) report 
showed a plunge to 7.19 million from February&#8217;s 7.57 million, below the 7.48 
million forecast. A lower-than-expected JOLTS number signals a cooling labor 
market, raising expectations for Federal Reserve rate cuts, which weakens the 
dollar and lifts risk assets like Bitcoin.
Conversely, a higher-than-expected figure suggests economic strength, 
potentially delaying cuts and pressuring crypto prices. With federal layoffs 
at a 2020 peak, market expectations are leaning slightly dovish.
Economist and Bitcoin commentator Alex Kruger identified the JOLTS data as a 
short-term win for Bitcoin, as a &#8220;risk/gold hybrid&#8221; poised to gain from tariff 
de-escalation after Trump&#8217;s 90-day pause (ending July 8).
In an X post, the analyst predicted that markets may focus on earnings 
guidance from firms like Caterpillar and tech stocks, while keeping an eye on 
next week&#8217;s Federal Open Market Committee (FOMC) meet, where Powell might 
signal earlier rate cuts.
Kruger warned of a Q3 economic slowdown where the markets may be volatile, but 
he also said that Bitcoin&#8217;s unique risk-reward would outperform altcoins, 
which the analyst pointed out as overbought.
_**Related: Bitcoin &#8216;hot supply&#8217; nears $40B as new investors flood in at 
$95K**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes

Trump Media will introduce a utility token via a new Truth wallet to power 
subscriptions and future services across the Truth ecosystem.
The post Trump Media to roll out utility token tied to platform expansion 
appeared first on Crypto Briefing.

Trump Media to roll out utility token tied to platform expansion

Technical analysis shows that Ethereum&#8217;s price action is currently completing 
a market structure that shows signs of revival. After weeks of struggling 
below key levels, Ethereum now appears to have completed a market structure 
break, with a technical analyst pointing to $1,500 as the zone where buyers 
have regained control, and a break above $4,000. Ethereum Structure Break And 
The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent 
technical breakdown of Ethereum&#8217;s weekly candlestick chart, noted that buyers 
have successfully initiated a clean market structure break just above the 
$1,500 zone. Earlier this month, Ethereum briefly dropped as low as $1,415, a 
level that initially appeared to signal further downside. However, what 
followed was a sharp reaction from bullish traders who aggressively 
accumulated during that dip, effectively neutralizing the intense selling 
pressure that had driven the price down. Related Reading: Ethereum Price Eyes 
$2,700 As Wyckoff Accumulation Nears Completion This influx of buyer interest 
not only prevented a deeper breakdown but also laid the groundwork for a 
notable structural shift in market behavior. Since then, Ethereum’s price has 
exhibited signs of strength, consistently finding support during minor 
retracements around the $1,500 region. This repeated defense of support led to 
the formation of a market structure break, which is a technical formation that 
often signals a transition from bearish to bullish price action. 
Interestingly, this structure break has seen the Ethereum price edge slowly 
upwards. This is a notable change, especially as the price is now climbing 
toward the $1,900 resistance region —a range that also aligns with the 50-week 
moving average and serves as a gateway to further upside. Breaking and closing 
above this level on the weekly timeframe could provide the necessary momentum 
for Ethereum to pursue higher targets, potentially signaling the beginning of 
a broader recovery trend. If bulls manage to secure an Ethereum break above 
$1,900, it could unlock a path to multiple upside levels outlined in 
SwallowAcademy’s analysis, with $2,800 and $4,400 as realistic medium-term 
targets. FVG Fill, EMA Retest, And Why $4,400 May Be In Play A closer look at 
the daily chart reveals a significant fair value gap (FVG) between $1,900 and 
$2,800, coinciding with a cluster of exponential moving averages that have yet 
to be retested. According to the analyst, filling this FVG is a “must-have” 
condition for a smoother and more sustainable rally, especially if Ethereum is 
to avoid the type of choppy behavior that plagued its price action in the 
first quarter of 2025. Related Reading: Ethereum Price Looks Set To Crash To 
$1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 Considering the 
current momentum, Ethereum can easily close above the resistance at $1,900 on 
the daily timeframe. If sustained, this momentum should be sufficient to close 
above $1,900 on the weekly timeframe, fill the FVG, and surpass $2,800, which 
would then confirm the run to $4,000 on the weekly timeframe. Other price 
targets highlighted are at $2,300, $4,000, and $4,900. At the time of writing, 
Ethereum is trading at $1,830. Featured image from Pixabay, chart from 
Tradingview.com