Shazia Farooq

#EUPrivacyCoinBan New Cryptocurrency Listing
Obol (OBOL) Will Be Available on Binance Alpha and Binance Futures

#Vaulta Buffett Expresses Concerns Over U.S. Fiscal PolicyAccording to BlockBeats, Warren Buffett has expressed significant concerns regarding the fiscal policy of the United States. He indicated that potential developments in the country might lead to a preference for holding substantial amounts of other currencies.

#AppleCryptoUpdate U.S. Tariff Revenue Surges in April Under Trump AdministrationAccording to BlockBeats, the Trump administration collected over $17.4 billion in tariffs and certain excise taxes in April, nearly doubling the $9.6 billion revenue from March. This figure significantly surpasses any revenue generated during U.S. President Donald Trump's first term. Since January 1, these tariffs have contributed more than $70 billion to government income. Trump previously stated on a program that with billions in tariff revenue flowing in, the United States is 'just getting started.'

#AirdropSafetyGuide IRS Executives Depart Amid Shifting Regulatory LandscapeAccording to PANews, Seth Wilks, the Executive Director of Digital Asset Strategy and Development at the U.S. Internal Revenue Service (IRS), and Raj Mukherjee, the Executive Director of the Digital Asset Office, have resigned as of this Friday. They join over 20,000 IRS employees who have accepted the Trump administration's delayed resignation plan. However, insiders indicate that these departures do not signal any changes in the IRS's strategy for regulating digital assets. This development occurs amidst a continuously evolving regulatory environment in the United States, particularly following the inauguration of U.S. President Donald Trump. Under his administration, several cryptocurrency enforcement actions have been withdrawn or paused. Despite these personnel changes, the IRS continues to advance its tax compliance efforts related to digital assets and is not expected to alter its overall policy direction.

#AirdropStepByStep Buffett Expresses Concerns Over U.S. Fiscal PolicyAccording to BlockBeats, Warren Buffett has expressed significant concerns regarding the fiscal policy of the United States. He indicated that potential developments in the country might lead to a preference for holding substantial amounts of other currencies.

#AirdropFinderGuide Tether CEO Criticizes EU Stablecoin Regulations Amid Banking Concern
According to PANews, Tether CEO Paolo Ardoino has expressed criticism of the European Union's regulatory framework for stablecoins during an interview on the Less Noise More Signal podcast. Ardoino highlighted that the regulations require stablecoin companies like Tether to hold a significant portion of their reserves, up to 60%, in uninsured bank deposits. He warned that the intersection of high-risk loans and new cryptocurrency rules could lead to a wave of bank failures in Europe in the near future.

Ardoino further stated that the European regulatory system aims to provide more liquidity to eurozone banking institutions. However, he argued that this approach introduces "massive systemic risk" because major European banks, such as UBS, are not integrating stablecoins into their banking systems. As a result, stablecoin issuers are compelled to opt for smaller banks, which exacerbates the risk.

Warren Buffett Announces Retirement Plans at Berkshire Hathaway Meeting
According to PANews, U.S. investor Warren Buffett revealed his intention to retire by the end of the year during the annual Berkshire Hathaway shareholders meeting, surprising attendees. Buffett announced his plan to recommend Greg Abel, Vice Chairman of Non-Insurance Business, to succeed him as CEO, stating that Abel is ready for the role. The announcement came after a five-hour Q&A session, with Buffett declining to answer any related questions. He mentioned that only his two children, Howard Buffett and Susie Buffett, were aware of his decision among the board members.

Bitcoin(BTC) Drops Below 96,000 USDT with a 0.74% Decrease in 24 Hours
On May 03, 2025, 23:29 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,967.398438 USDT, with a narrowed 0.74% decrease in 24 hours.

#BTC
#USDT

Thumzup Media Plans $200 Million Stock Offering for Bitcoin and Operations
According to BlockBeats, Nasdaq-listed Thumzup Media Corporation has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). The company aims to issue common stock, warrants, units, or rights, with a total value of up to $200 million. The funds raised are intended for general corporate purposes, including acquiring Bitcoin as a primary reserve asset and managing operational expenses.

#BTC
#SEC

Competition in Layer-1 Blockchain Space
According to Cointelegraph, Ethereum's dominance in the layer-1 (L1) blockchain sector is waning, leading to an open competition for the top spot in the Web3 platform arena. Alex Svanevik, CEO of data service Nansen, highlighted this shift during a panel discussion at the LONGITUDE by Cointelegraph event. He noted that a few years ago, Ethereum seemed poised to dominate the crypto space, but the current landscape tells a different story.

Ethereum remains the most popular L1 network, with approximately $52 billion in total value locked (TVL), accounting for 51% of the cryptocurrency on blockchain networks, as per DefiLlama data. However, this is a significant drop from 2021, when Ethereum controlled up to 96% of the aggregate TVL. Svanevik emphasized that the race is now open among multiple L1s to become the preferred platform for trading and broader blockchain applications. He pointed out the rapid growth of smaller chains and the emergence of five or six as potential leaders, marking an exciting period in the blockchain sector.

Solana (SOL) is emerging as a strong contender in this race, known for its faster transactions and lower fees compared to Ethereum. Svanevik mentioned that Solana has surpassed Ethereum in several on-chain metrics, including active addresses, transaction volume, and even gas fees. Despite Ethereum's continued lead in TVL and strong stablecoin issuance, Solana's growth trajectory is noteworthy. Meanwhile, numerous smaller L1s are also competing for market share, though not all are achieving sustainable growth. Vardan Khachatryan, chief legal officer of trading platform Fastex, observed that many chains gain popularity during specific bull runs due to hype, new coins, and airdrops, rather than through sustained adoption.

#ETH

According to BlockBeats, the U.S. Federal Trade Commission (FTC) and the state of Nevada have filed a lawsuit against a company named IML. The legal action, initiated on May 2, accuses IML of misleading consumers through false advertising of cryptocurrency, forex, binary options, and stock trading courses. Since 2018, the company is alleged to have defrauded approximately $1.2 billion. IML has operated under various names, including IM Mastery Academy and iMarketsLive.

BNB Drops Below 600 USDT with a 0.04% Decrease in 24 Hours
On May 03, 2025, 00:41 AM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.97998 USDT, with a narrowed 0.04% decrease in 24 hours.

#BNB
#USDT
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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According to Foresight News, the UK's Financial Conduct Authority (FCA) is soliciting public opinions on cryptocurrency assets as part of its legislative development efforts.

A discussion paper released today indicates that the FCA is particularly interested in feedback regarding intermediaries, staking, lending, borrowing, and decentralized finance (DeFi). The initiative aims to establish clear crypto legislation to boost confidence and support industry growth.

As part of its five-year strategy from 2025 to 2030, the FCA plans to focus on smarter regulation to facilitate ongoing economic expansion. Additionally, the FCA is committed to empowering consumers to manage their financial lives and using this opportunity to combat financial crime.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

According to Foresight News, Cointelegraph reports that Bitcoin has experienced a significant price increase over the past three weeks. This surge has seen Bitcoin outperform major indices such as the S&P 500 and the Nasdaq 100, as well as the 'Magnificent 7' group of leading technology stocks.

#BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

According to PANews, on May 3, two pivotal figures in the U.S. Internal Revenue Service's (IRS) cryptocurrency projects, Seth Wilks and Raj Mukherjee, have resigned. Their departure, effective this Friday, is part of the government's 'DOGE Deferred Departure Program.' Both Wilks and Mukherjee joined the IRS in 2024, bringing their expertise from the cryptocurrency industry to spearhead the development of crypto tax policies and lead the creation of the new 1099-DA tax form.

#DOGE

Binance Market Update: Crypto Market Trends | May 1, 2025
According to CoinMarketCap data, the global crypto market cap is $3.01T, a 1.08% increase over the last day.

Bitcoin (BTC) traded between $92,910 and $95,350 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,340, up by 0.59%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PIVX, ALPHA, and FLM, up by 71%, 30%, and 25%, respectively.

Top stories of the day:

Ripple’s $4–$5 Billion Acquisition Bid for Circle Reportedly Rejected

U.S. GDP Shrinks in First Quarter, Trump Criticizes Biden's Economic Legacy

Grayscale Launches Bitcoin Adopters ETF

CZ: “Crypto’s Real Opportunity Is Still Ahead”

U.S. Treasury Secretary Highlights Fed Rate Cut Signal

U.S. Treasury Secretary Announces Reduction in Tariff Uncertainty

21Shares Files for SUI ETF Registration with SEC

Morgan Stanley to Offer Cryptocurrency Trading for E*TRADE Clients

Market Consolidation Suggests Potential Upswing, Analysts Say

U.S. and Ukraine Reach Agreement on Natural Resource Development

BNB Drops Below 600 USDT with a Narrowed 0.15% Increase in 24 Hours
On May 02, 2025, 04:36 AM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.909973 USDT, with a narrowed narrowed 0.15% increase in 24 hours

According to Foresight News, BlackRock, a global asset management giant, has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create a blockchain-based stock class for its BLF Treasury Trust Fund. This new class, labeled DLT, aims to utilize blockchain technology to record stock ownership or streamline certain operations of the money market fund, which invests in high-quality short-term U.S. Treasury securities.

The DLT shares will be exclusively available through BNY Mellon, which plans to use blockchain technology to maintain a mirrored record of stock ownership for its clients. This move follows BlackRock's previous launch of a tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), last year.

#SEC

According to BlockBeats, U.S. President Donald Trump is set to submit his 2026 fiscal year budget proposal to Congress this Friday. The budget plan is expected to outline the administration's financial priorities and strategies for the upcoming year. Details of the proposal have not been disclosed, but it is anticipated to address key areas such as defense, healthcare, and infrastructure. The submission marks a significant step in the legislative process, as Congress will review and debate the proposed allocations before finalizing the budget. This move is part of the administration's ongoing efforts to shape economic policy and manage federal spending.

According to PANews, a Texas congressman has proposed the installation of cryptocurrency ATMs in federal buildings across the United States. Representative Lance Gooden has addressed a letter to Stephen Ehikian, the acting administrator of the U.S. General Services Administration (GSA), which manages government properties. Gooden argues that introducing cryptocurrency ATMs in federal buildings would serve as an 'educational resource' and demonstrate advancements in financial technology. He has urged the GSA to explore the necessary guidelines and regulations for installing such ATMs in government-controlled properties nationwide, aligning with U.S. President Donald Trump's objectives.