Market update
1. Bitcoin briefly reclaimed $86,000 today but is currently trading at $84,700.
2. A whale sold 1.56 million $Fartcoin (worth $1.26M) to buy 11.62 million $RFC just 30 minutes ago, pushing $RFC's market cap past $100 million.
3. NFT trader Waylon Wilcox has pleaded guilty to underreporting $13 million in CryptoPunks profits. He now faces up to 6 years in prison for filing false tax returns.
4. Bo Hines, Executive Director of Digital Assets, stated: “We need to accumulate Bitcoin quickly before it becomes more expensive.”
5. In Q1 2025, #Bitcoin transactions totaled over $5.5 trillion.
6. At the Lainkelzoo in Schwaigern, Germany, visitors can now pay with Bitcoin—even to buy food for the monkeys!
7. Senate Banking Chair Tim Scott announced that market structure reforms are in progress, with crypto legislation expected to pass by August.
8. “The currency AI's gonna use isn’t fiat—they're gonna use crypto,” said former Binance CEO CZ.
9. Lomond, a Scottish boarding school, will begin accepting tuition payments in Bitcoin following multiple parent requests.
10. Dr. Saifedean Ammous is collaborating with Lomond School, making it the first UK school to accept Bitcoin.
11. Vitalik Buterin emphasized that the rise of the app layer makes strong social philosophy more important than ever—he praised Farcaster and Polymarket, while criticizing Pumpdotfun, Terra/Luna, and FTX.
12. Justin Sun remarked: “Crypto knows no tariffs, crosses bull and bear markets—happy to build.”
13. Trump's exemption of phones, laptops, and chips from his 145% China tariffs spares HS code 8471, which includes Bitcoin mining equipment.
