The Kenyan High Court has ordered Sam Altman&#8217;s World to cease processing, collecting or dealing in biometric data without conducting a Data Protection Impact Assessment. The order also requires Worldcoin to permanently delete biometric data collected in Kenya without proper assessments within seven days. Worldcoin Activities in Contravention of Data Protection Laws The Kenyan High […]

Sam Altman’s World Ordered to Stop Biometric Data Collection in Kenya

With the Federal Open Market Committee set to announce its May 7 policy 
decision, Bitcoin traders face a macro‑driven inflection point that could 
define price action into the summer. The Federal Reserve, under Chair Jerome 
Powell, is all but certain to keep the fed‑funds corridor at 4.25 to 4.50 
percent; CME Group’s FedWatch tool assigns a 98.2 percent probability to an 
unchanged stance. That near‑certainty, however, has not muffled political 
noise. President Donald Trump and Treasury Secretary Scott Bessent have 
publicly pressed for lower borrowing costs, yet Powell’s most recent public 
remarks on 16 April framed monetary policy as “in a wait‑and‑see mode,” adding 
that the labor market “is in decent shape” but that the Fed’s “obligation is 
to keep longer‑term inflation expectations well anchored and to make certain 
that a one‑time increase in the price level does not become an ongoing 
inflation problem.” In effect, the central bank continues to prioritize price 
stability even as leading indicators imply a cooling economy and a likely 
pivot to easing in the second half of the year. FOMC Preview For Bitcoin For 
Bitcoin, the debate is less about whether the Fed blinks tomorrow and more 
about how algorithmic liquidity and discretionary positioning react to the 
tone of Powell’s press conference. Crypto trader Josh Rager told his followers 
on X, “Expect chop chop until FOMC tomorrow. Then after the rate cut 
announcement, expect volatility. With a reversal during Powell&#8217;s speech. 
That&#8217;s my FOMC playbook at the moment.” Although Rager’s baseline presumes an 
eventual reduction in rates, his near‑term focus is the intraday whipsaw that 
typically frames the statement‑and‑Q&amp;A window. Related Reading: Strategy 
Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In 
Total Astronomer (@astronomer_zero) offered a more probabilistic roadmap, 
emphasizing that his trademarked FOMC‑reversal model has “consistently 
provided reversals with an over 85 percent chance. If the mechanics continue 
to play out for this month, that would mean we would (have) top(ped) out this 
or last week before a significant move down.” Yet he tempers that historical 
edge by noting that the prevailing quarterly uptrend in Bitcoin could blunt 
the signal: “That would mean that this and/or next FOMC meeting both have a 
weakened reversal effect in the midst of what I expect to be a strong 
uptrend.” In practical terms, he foresees: “I think the most likely scenario 
(76% chance) is a move up from here and the FOMC reversal gets completely 
ignored. The smaller chance (24%) is indeed a rather shallow pullback within 
our stoploss area.” Related Reading: LMACD Indicator Reveals Where The Bitcoin 
Price Is After Rejection From $97,000 Columbus (@columbus0x) looks to the 
microstructure for confirmation. Citing a Hyblock heat‑map of liquidations, he 
expects “a wick below into the box… below the equal lows and also exactly the 
area that Hyblock has highlighted as a yellow zone,” a region that coincides 
with the 0.382 Fibonacci retracement from the last significant swing low. 
Should Powell strike a hawkish tone, Columbus anticipates “a deviation below 
the range low / a retest of the 200‑day SMA, closing the CME gap between $91.8 
and$92.4 k – or possibly even dipping into the high $80’s. Nonetheless: trend 
is up.” Momentum diagnostics add a final layer. Titan of Crypto observes that 
Bitcoin “is consolidating between last week’s high and low, awaiting 
tomorrow’s FOMC meeting and Jerome Powell’s speech. Meanwhile, the daily MACD 
is crossing bearish, signaling slowing momentum.” A confirmed rollover in the 
histogram would align with the shallow‑pullback scenario outlined by 
Astronomer and Columbus, yet the consolidation itself keeps higher‑time‑frame 
trend traders constructive Taken together, tomorrow’s decision appears binary 
only on the surface; the real determinant is Powell’s forward‑guidance 
language and its impact on terminal‑rate pricing. If the Chair stresses 
patience while acknowledging softer data, the curve could begin to discount a 
June cut, providing a macro tailwind that validates the bulls’ quarterly 
thesis. Conversely, any hint of renewed vigilance on inflation would embolden 
short‑term bears hunting liquidity below $92 k. Either way, the tape has 
little room for complacency: liquidity is thin, options gamma is clustered 
around the psychologically resonant $100,000 strike, and the narrative energy 
surrounding a second‑half‑of‑2025 easing cycle is colliding head‑on with the 
Fed’s near‑term inflation mandate. At press time, BTC traded at $94,097. 
Featured image from Shutterstock, chart from TradingView.com

Bitcoin Price Forecast: Key Scenarios For Tomorrow’s FOMC Decision

Bitcoin price started a downside correction and tested the $94,000 zone. BTC 
is again rising and might aim for a move toward the $98,000 resistance. 
Bitcoin started a decent increase above the $95,500 resistance zone. The price 
is trading above $95,500 and the 100 hourly Simple moving average. There was a 
break above a connecting bearish trend line with resistance at $94,750 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start 
another increase if it clears the $97,750 zone. Bitcoin Price Bounces Back 
Bitcoin price started a downside correction below the $95,500 support zone. 
BTC declined below the $95,000 and $94,500 support levels. However, the bulls 
were active near the $94,000 zone. The recent low was formed at $93,398 and 
the price started a fresh increase. There was a move above the $94,500 level. 
Besides, there was a break above a connecting bearish trend line with 
resistance at $94,750 on the hourly chart of the BTC/USD pair. There was a 
move above the $96,500 resistance zone. Bitcoin is now trading above $95,500 
and the 100 hourly Simple moving average. A high was formed at $97,650 and the 
price is consolidating gains above the 23.6% Fib retracement level of the 
upward move from the $93,398 swing low to the $97,650 high. On the upside, 
immediate resistance is near the $97,250 level. The first key resistance is 
near the $97,750 level. The next key resistance could be $98,000. A close 
above the $98,000 resistance might send the price further higher. In the 
stated case, the price could rise and test the $98,800 resistance level. Any 
more gains might send the price toward the $100,000 level. Another Decline In 
BTC? If Bitcoin fails to rise above the $97,750 resistance zone, it could 
start another downside correction. Immediate support on the downside is near 
the $96,650 level. The first major support is near the $95,500 level and the 
50% Fib retracement level of the upward move from the $93,398 swing low to the 
$97,650 high. The next support is now near the $95,000 zone. Any more losses 
might send the price toward the $94,500 support in the near term. The main 
support sits at $93,200. Technical indicators: Hourly MACD – The MACD is now 
gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for BTC/USD is now above the 50 level. Major Support Levels – $96,650, 
followed by $95,500. Major Resistance Levels – $97,750 and $98,000.

Bitcoin Price Bounces Back After Dip—Traders Eye Next Resistance Zone

Momentum is accelerating in Washington as lawmakers edge closer to passing 
landmark crypto and stablecoin legislation that could reshape U.S. digital 
asset regulation by August. Coinbase Pushes Congress to Finalize Stablecoin 
and Crypto Rules Before August Coinbase CEO Brian Armstrong called on U.S. 
lawmakers Tuesday to move forward with crucial cryptocurrency legislation, 
urging bipartisan cooperation […]

Coinbase Urges Senate Vote to Shape US Crypto Regulations Before August

Global finance is entering a transformative phase as the U.S. dollar’s 
supremacy unravels, opening explosive opportunities for emerging currencies 
and signaling a seismic portfolio realignment. Devere CEO Warns: The US 
Dollar’s Era of Unquestioned Power Is Slipping Away Financial advisory firm 
Devere Group CEO Nigel Green cautioned on May 5 that global investors are 
dangerously […]

US Dollar Supremacy Is Cracking as Erosion Deepens, Devere Warns

Riot Platforms sold 475 Bitcoin worth $38.8 million in December as profit 
margins narrow throughout the mining sector. The Colorado firm, the second- 
largest publicly traded Bitcoin miner by market capitalization, sold the 
cryptocurrency at an average price of $81,731 per coin, Monday&#8217;s operations 
update disclosed. Related Reading: BNB Bulls Target $644 As Classic Chart 
Formation Emerges Mining Profits Narrow Following Bitcoin Halving Event The 
sell-off follows a year since Bitcoin&#8217;s fourth halving event, where mining 
rewards were halved. Miners now get 3.125 Bitcoin per block, down from 6.25, 
in a pre-programmed cut that happens every four years or so. The self- 
adjusting cut has tightened margins for mining operations that depend on a 
continuous stream of new tokens to pay for increasing expenses. Riot Platforms 
mined 463 Bitcoin last April, decreasing by 13% from the prior month though it 
sustained the same level of computing power. The firm tapped the remaining 12 
Bitcoin from reserves for finishing the sale. Source: Riot Platforms CEO 
Defends Strategy As &#8216;Reducing&#8217; Shareholder Dilution Throughout April, Riot 
said it made the strategic choice to sell its monthly production of bitcoin to 
finance continued growth and operations, Riot CEO Jason Les stated in the 
update. Les said selling Bitcoin lessens the company&#8217;s need to raise money by 
issuing new shares, which would dilute current shareholders&#8217; ownership stakes. 
Riot Announces April 2025 Production and Operations Updates. “Riot mined 463 
bitcoin in April as the network experienced two successive difficulty 
adjustments during the month,” said @JasonLes_, CEO of Riot. “April was a 
significant month for Riot as we closed on the acquisition… 
pic.twitter.com/0cSznh5fBM — Riot Platforms, Inc. (@RiotPlatforms) May 5, 2025 
Even with the sell-off, Riot retains 19,211 Bitcoin on its balance sheet. That 
stash is valued at about $1.8 billion at current prices, demonstrating the 
company has substantial cryptocurrency holdings even as it sells some to cash 
out. Mining Difficulty Increases As Competition Heats Up The problems that 
Riot is experiencing are reflective of wider trends in Bitcoin mining. The 
difficulty level of the network, a measure of how difficult it is to mine new 
Bitcoin, was nearly a whopping 120 trillion hashes as of May 4. That&#8217;s a 35% 
increase from last year, according to CoinWarz data. As more miners vie for 
the same diminished payouts, each operation must increase electricity and 
equipment expenses in order to receive Bitcoin. This competition has 
constricted margins throughout the industry, compelling businesses to reassess 
their cash management practices. Source: Statista Related Reading: Is This The 
Spark? New Bitcoin Metric Points To Bullish Shift While Bitcoin has gained 45% 
in value over the past year and most recently traded over $95,000, it remains 
below its January peak of $109,000. This price retreat has further pressured 
mining companies already dealing with higher costs and lower production. 
Riot&#8217;s move underscores the tightrope Bitcoin miners walk: they have to 
balance short-term cash requirements with speculation on the future price tag 
of the most popular cryptocurrency. For the time being, at least one large 
player is opting for cash upfront over future potential. Featured image from 
Riot Platforms, chart from TradingView