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According to a Reuters report, the Chinese government has been selling seized cryptocurrencies. It doesn’t declare which cryptocurrencies these are; they could be
Bitcoin
or other coins or tokens. What are your thoughts about that?
#chinasell
$BTC
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#AltcoinETFsPostponed SEC Postpones Decisions on Key Altcoin ETFs: XRP, Dogecoin, Solana, and Hedera The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on several high-profile altcoin ETFs. The specific ETFs postponed include: Franklin Templeton Spot XRP ETF: Decision extended to June 17, 2025. Bitwise Spot Dogecoin (DOGE) ETF: Decision also postponed to June 17, 2025. Franklin Templeton Spot Solana (SOL) ETF: Final decision deadline now set for October 7, 2025. Grayscale Spot Hedera (HBAR) ETF: Final decision deadline scheduled for October 8, 2025. These delays are part of the SEC’s standard review process and affect several other pending altcoin ETF applications as well. Final rulings for most are expected between October and November 2025
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#Trump100Days Trump’s First 100 Days: Savings, Health, “Made in America,” and Market Moves President Trump’s first 100 days have brought bold changes and headline moments: Big Savings: The Department of Efficiency (DOGE), with Elon Musk, claims $160 billion in government savings by slashing waste and contracts. Healthier America: RFK Jr. bans artificial food dyes, aiming for cleaner food and healthier kids. Made in America: New policies push for more U.S. manufacturing, though much is still produced in China. Stock Market Swings: Markets crashed, then rebounded, reflecting both uncertainty and renewed optimism. Supporters say Trump’s early moves are making America leaner, healthier, and more self-reliant.
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City of Roswell, New Mexico Establishes First City-Held Strategic Bitcoin Reserve On April 29, 2025, the City of Roswell, New Mexico, officially received its first seed donation to establish the "Roswell Strategic (Bitcoin) Reserve & Bitcoin Emergency Fund." The initial contribution totaled 3,050,323 satoshis (0.03050323 BTC), valued at approximately $2,906 at the time of receipt, and was sent anonymously on January 3, 2025. The reserve is city-held and managed, with the goal of accumulating further bitcoin donations and sponsorships over time. Key Conditions and Purpose: - The fund will hold all bitcoin donations for at least 10 years from each gift’s acceptance. - After this period, proceeds from bitcoin’s appreciation may be used to cover up to 100% of water bills for all senior citizens in Roswell. - Once the fund reaches a minimum value of $1 million, up to 21% of its value every five years may be used as a liquid emergency fund for disaster relief, subject to unanimous approval by the Roswell City Council. - Any changes or additional uses for the fund will also require unanimous council approval. The Roswell Strategic Reserve is open to further bitcoin contributions from the public, with the city encouraging donations to its public bitcoin address. This pioneering initiative makes Roswell the first city in the world to establish a city-held and managed bitcoin reserve, setting a precedent for municipal-level digital asset adoption in the United States #RoswellBitcoinReserve $BTC
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Bukele Proposes Income Tax Exemption for Salaries Up to $550 to Support Salvadoran Families On April 30, 2025, President Nayib Bukele announced that he has submitted a proposal to El Salvador’s Legislative Assembly to extend the income tax exemption to all salaries up to $550 per month. This measure is designed to directly benefit more than 100,000 Salvadoran families, particularly those with lower incomes. Bukele emphasized that the initiative will not only provide immediate financial relief but also serve as a fiscal incentive for employers to raise wages in the lowest salary brackets, including those already earning above the minimum wage. By expanding the tax exemption threshold, the government aims to encourage salary increases, improve household purchasing power, and support economic stability for families most in need. This proposal is part of Bukele’s broader strategy to make the tax system more equitable and to ensure that Congress supports policies prioritizing the welfare of ordinary citizens. If approved, the measure is expected to have a significant positive impact on El Salvador’s working-class families. #FamilySupport $BTC
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#AbuDhabiStablecoin Abu Dhabi to Launch Dirham-Backed Stablecoin, Marking a New Era for Digital Payments Abu Dhabi is set to launch its own stablecoin pegged to the UAE dirham, in a move led by three major financial entities: the sovereign wealth fund ADQ, International Holding Company (IHC), and First Abu Dhabi Bank (FAB). The new stablecoin will be fully regulated by the Central Bank of the UAE and issued by FAB, pending final regulatory approval. This digital currency aims to provide a secure, efficient, and scalable payment solution for individuals, businesses, and institutions, supporting both everyday transactions and emerging digital use cases such as AI-driven payments and machine-to-machine transfers. The stablecoin will operate on the ADI blockchain, a network designed to connect traditional finance with next-generation digital infrastructure. The initiative is part of the UAE’s broader strategy to become a global hub for digital assets and financial innovation. The stablecoin is expected to launch for retail use by the last quarter of 2025, further strengthening the UAE’s position at the forefront of blockchain adoption and regulated digital finance.
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