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Mathew Yanek
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Coinbase’s Q1 report shows that they are custodying 2.68 million Bitcoins accounting for over 13% of the total circulating supply.
#coinbase
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Bill Miller IV emphasized that Bitcoin doesn’t care about short term price movements what matters is its core function serving as a check on the irresponsibility of fiat money printing. He compared it to gold although gold has a market cap of 20 trillion dollars while Bitcoin’s is only 2 trillion Bitcoin surpasses gold in several ways — it’s harder to steal easier to store and transfer and can be transparently audited on the blockchain. He pointed out that auditing the gold in Fort Knox took up to 44000 hours whereas with Bitcoin the public can verify transparency with just a few clicks on the blockchain. #btc #GOLD
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The tariff negotiations between the US and China will continue tomorrow. It remains unclear whether there was any progress during today’s meeting which lasted more than ten hours between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. The discussions were held behind closed doors and both sides declined to comment to the press. Data from the betting site Polymarket shows that 53% believe a deal will be reached before June and 91% believe there will be a deal within the year. #china #usa
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People were concerned after someone spotted the Chinese and US delegations leaving the trade negotiation venue in Geneva Switzerland with no clear indication of whether the talks would continue Later Reuters reported that both delegations had returned to the negotiation headquarters in Geneva after a break They probably just went out for a coffee but the media blew it out of proportion #china #usa
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China’s April Producer Price Index (PPI) inflation: -2.7% year over year | forecast: -2.7% | previous: -2.5% China’s deflationary pressure remains unresolved despite continuous monetary easing and rate cuts by the People’s Bank of China. 🇨🇳
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Senate Banking Committee Chairman Tim Scott expressed anger over the GENIUS Act related to stablecoins failing in its initial vote despite previously receiving bipartisan support and being thoroughly revised He criticized Democratic senators for turning their backs for political reasons even though the content of the bill remained unchanged emphasizing It’s not the policy that changed — it’s the politics. #AltcoinSeasonComing
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