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#MarketPullback The crypto market has seen notable turbulence recently, with a pullback impacting major digital assets. In early April 2025, Bitcoin dropped below $75,000, and Ethereum also faced declines, reflecting a broader market dip influenced by global economic uncertainty and U.S. President Donald Trump’s tariff policies. However, by late April, Bitcoin rebounded, climbing above $90,000 for the first time since March, driven by investors viewing it as a hedge against a falling U.S. dollar and stock market volatility. On April 23, the total crypto market cap rose 6.7% to $2.94 trillion, fueled by a short squeeze with over $545 million in short liquidations. By May 2, Bitcoin surged past $97,000 as the U.S. initiated tariff talks with China, boosting market confidence. Despite this recovery, weak U.S. macro data continues to fuel recession fears, though some see hope in potential rate cuts.
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#USStablecoinBill Recent developments in U.S. stablecoin regulation highlight both progress and setbacks. The Senate’s GENIUS Act, aimed at regulating stablecoins, faces delays as nine pro-crypto Democrats, led by Sen. Ruben Gallego, withdrew support, citing issues like national security and foreign issuers such as Tether. Senate Minority Leader Chuck Schumer and Sen. Elizabeth Warren urged Democrats to push for more concessions, stalling the bill’s progress before a planned vote. The GENIUS Act requires stablecoins to have 100% reserve backing in U.S. dollars or treasuries, monthly reserve disclosures, and audits for large issuers. Meanwhile, Tether, the largest stablecoin issuer, plans a U.S.-based stablecoin launch by late 2025, pending legislation. World Liberty Financial, linked to Donald Trump, saw its USD1 stablecoin used in a $2 billion Binance deal. Despite regulatory hurdles, the stablecoin market hit a $230 billion high, with Tether and USDC dominating.
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$SOL Solana validators patch zero-day bug that could have led to unlimited minting of certain tokens The Solana Foundation announced that a recent zero-day vulnerability affecting confidential transfers on Solana has been patched after validators coordinated a network update. The bug, which was discovered on April 16 and fixed within two days, could have given an attacker unlimited control over certain Solana tokens.
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YES IT'S True 😂😂😄😄😁🙂🥲🥲😞😕😭 $BTC $TRUMP #USStablecoinBill #MarketPullback
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🚨JUST IN: Michael Saylor posts the Saylor tracker - A #Bitcoin purchase announcement is imminent! GUYS ready and purchase $BTC Waiting for the Bullish 🔥🔥🔥🔥 #SaylorBTCPurchase #BTC #news
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