#BigTechStablecoin

Everything you missed in a minute:

• Decrease in Bitcoin holdings: Institutional Bitcoin exchange-traded fund holdings declined by 23% in the first quarter of 2025.

• Trump's call for interest rate cuts: Trump urged the Federal Reserve to cut interest rates by 100 basis points.

• Metaplanet bond issuance: Metaplanet issued bonds worth $5.4 billion to buy more Bitcoin.

• Partnership between X and Polymarket: X partnered with Polymarket to become the official prediction platform.

• Stablecoin merger talks: Companies like Apple, X, Airbnb, and Google are in early talks to merge stablecoins.

• Gemini's IPO application: Gemini has filed a confidential application for an initial public offering.

• Exploit of the ALEX protocol: The ALEX protocol was hacked for $8.37 million.