#MEMEAct Dem senator introduces 'MEME Act' to bar president, Congress from launching meme coins Sen. Chris Murphy, D-Conn., on Tuesday announced he had introduced the “Modern Emoluments and Malfeasance Enforcement Act,” or “MEME Act,” targeting federal officials who release meme coins.
Meme coins are a form of cryptocurrency with ironic or humorous appeal due to a connection to internet memes. President Donald Trump launched his own meme coin shortly before Inauguration Day and is now offering holders of the coin the chance to meet him at a Washington D.C. Gala. Sen. Murphy said in a video posted via X these coins sometimes enable government officials to secretly receive payments from those who are doing business with the federal government.
$TRUMP 58 crypto wallets have made millions on Trump's meme coin. 764,000 have lost money, data shows About 764,000 wallets that purchased President Donald Trump's $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.
Most of the wallets that lost money held smaller amounts of the token, according to the firm's on-chain analysis. Crypto wallets are accounts that store the keys you need to access and use your cryptocurrency holdings. Chainalysis said that while around 2 million wallets have bought into the token, 58 wallets made more than $10 million apiece, totaling roughly $1.1 billion in gains.
The TRUMP token, which surged in popularity after being tied to the start of Trump's second term, has seen sharp price swings and highly uneven returns for investors. Fight Fight Fight LLC. and CIC Digital LLC., control the bulk of the token's supply.
CNBC has reached out to Fight Fight Fight LLC. for comment on the Chainalysis numbers.
Interest in the coin spiked more than 50% after the project's website promised the top 220 holders a seat at a black-tie-optional dinner with the president.
The TRUMP event, set for May 22 at the president's Trump National Golf Club, Washington, D.C., includes a reception for the 25 wallets with the largest coin balance, along with a White House tour.
$BTC Satoshi-Era BTC Whales Move 3,422 BTC After 10-Year Sleep
Two #Bitcoin whales who had been inactive since 2014 moved 3,422 BTC worth approximately $324.2 million on Tuesday morning.
One wallet moved 2,343 BTC after 10.5 years of dormancy, while another transferred 1,079 BTC after nearly 12 years of inactivity.
Research shows dormant Bitcoin movement surged 110% in Q1 2025 compared to the same period last year, with 62,800 BTC aged over seven years being transferred.
This follows March's notable activity when a wallet inactive since 2016 moved over 3,000 BTCworth $250 million.
The identities of these early adopters remain unknown, though dormant whales typically resurface to capitalize on historically high prices or transfer assets between storage solutions.
#FOMCMeeting Bitcoin Price Analysis: Upward Momentum Continues Ahead of FOMC and Gold Correction Impacts – Trading Insights Analysis The cryptocurrency market, particularly Bitcoin (BTC), has shown a notable upward bounce recently, as highlighted by prominent crypto analyst Michaël van de Poppe in a recent social media post. On May 6, 2025, van de Poppe shared a chart indicating Bitcoin's recovery, with the price climbing back toward key resistance levels after a period of consolidation. As of 10:00 AM UTC on May 6, 2025, Bitcoin was trading at approximately $68,500 on major exchanges like Binance, reflecting a 3.2% increase over the previous 24 hours, according to data from CoinMarketCap. This price movement aligns with a broader risk-on sentiment in financial markets, spurred by anticipation surrounding the Federal Open Market Committee (FOMC) meeting scheduled for May 7, 2025. Van de Poppe emphasized a critical correlation between Bitcoin’s trajectory and the potential correction in gold prices post-FOMC, suggesting that a shift in gold could signal the start of a new business cycle. This observation ties Bitcoin’s performance to traditional markets, where gold often acts as a safe-haven asset during economic uncertainty. With trading volume for BTC spiking by 18% to $35 billion in the last 24 hours as of May 6, 2025, per CoinGecko, the market appears to be gearing up for significant volatility depending on the FOMC outcome. Investors are keenly watching whether the Federal Reserve’s stance on interest rates will bolster cryptocurrencies, which often thrive in low-rate environments.
#USHouseMarketStructureDraft US House Releases Crypto Market Structure Discussion Draft, Here’s All US House committees unveil draft crypto market bill defining SEC, CFTC roles, decentralization tests, and retail investor access rules. A new crypto market structure discussion draft has been released by key U.S. House committees, marking a new phase in digital asset regulation.
The U.S. House Financial Services Committee and House Agriculture Committee published the draft on Monday, May 5, 2025, aiming to create a more structured and transparent regulatory environment for cryptocurrencies and related markets. Clear Roles for US SEC and CFTC Crypto Market Bill The draft crypto market bill outlines a more distinct separation of authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Under the proposed framework, the US SEC will regulate digital assets that are considered investment contracts. The CFTC will oversee digital commodities and their spot markets.
This approach addresses concerns raised during earlier debates over the Financial Innovation and Technology for the 21st Century Act (FIT21). Justin Slaughter of Paradigm commented on X, “Overall, this bill again would make the CFTC the dominant crypto regulator,” but he noted that the SEC would retain jurisdiction until decentralization is proven.
The bill also aims to prevent securities laws from applying to digital commodities traded on secondary markets unless those transactions grant the buyer rights to the issuer’s profits or assets.
$BTC BTC to $1,000,000? Binance’s CZ Reveals Epic Bitcoin Price Prediction Bitcoin (BTC) could reach between $500,000 and $1 million in the current market cycle, according to Binance founder Changpeng Zhao, or CZ, who shared his outlook during a recent interview that touched on both the state of crypto and his own role in the industry.
The entrepreneur pointed to growing institutional interest, changes in regulations and wider acceptance as the main reasons for his prediction.
With Bitcoin ETFs approved in the U.S. and more involvement from sovereign wealth funds and traditional finance, he thinks the market is in a strong position to expand further. Zhao did not give a timeline but said the infrastructure and momentum are in place for a solid price move.
The conversation also covered the general direction of the crypto space. While meme coins have captured much of the attention, CZ noted that nearly all will likely fail.
He sees the long-term value instead coming from areas like artificial intelligence, decentralized science (DeSci) and real-world asset tokenization - segments that, in his view, are still underappreciated but gaining traction.
#MarketPullback Trump’s Crypto Czar Issues Surprise Prediction As The Bitcoin Price Suddenly Soars Bitcoin and crypto prices are awaiting the next catalyst after surging into May (though Apple might have just quietly created it).
#USStablecoinBill Genius Act stablecoin Bill to receive Senate vote but Democrat support wanes In mid-March the US Senate’s Bill to regulate stablecoins, the Genius Act, was passed by the Senate Banking Committee with an 18 to 6 vote, with at least five Democrats supporting the Bill. Last week Republicans announced that Senate Majority Leader John Thune would propose a vote on the Bill to the full Senate, possibly this week. However, over the weekend a group of nine pro-crypto Democrats have said they could not support the Bill in its current form, Politico first reported.
There’s an updated version of the Bill that hasn’t yet been published, and the Democrats are not happy with it. Four of the five Democrats that voted for the Bill at the committee level signed this weekend’s letter. The letter states that the Bill needs “stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don’t meet the act’s requirements. While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor.”
Cloture refers to agreeing to avoid endless debate on the Bill, and requires 60 votes, whereas the Republicans have only 53 Senate members, so they need Democrat support.
The five Democrats that voted for the Bill in committee were Senators Alsobrooks, Gallego, Kim, Rochester and Warner. Only Alsobrooks didn’t sign the letter. She is a co-sponsor of the Bill alongside fellow Democrat Kirsten Gillibrand, who is not on the Banking Committee. Axios previously reported that Senate Minority Leader Chuck Schumer had cautioned Senators not to commit to the Bill so they could have leverage for amendments.
#EUPrivacyCoinBan Privacy Coins Face EU Ban Under New AML Rules Starting 2027 Privacy coins and anonymous crypto wallets might soon become history in the European Union. As part of a sweeping overhaul to tighten anti-money laundering rules, the EU has announced plans to ban both by July 1, 2027. The message is clear: crypto can stay, but it has to play by the same rules as the rest of the financial system. Regulators make it clear that privacy coins in the EU will not be tolerated under the updated AML framework.
The new rules fall under the bloc’s updated Anti-Money Laundering Regulation, or AMLR, and they’re already shaking up conversations around privacy, surveillance, and the future of decentralized finance. What the Ban Actually Covers The proposal isn’t just a slap on the wrist. It would completely outlaw anonymous crypto accounts across the EU. That means crypto service providers, exchanges, and even financial institutions would be banned from offering services that don’t collect customer identification. If you are a fan of privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), or Dash, prepare for a reality check. The EU is targeting these coins specifically, saying they make it too easy to hide transactions and move illicit money undetected.
The regulation also imposes tighter controls on crypto transfers. If the transaction is over 1,000 euros, the identity of the sender and receiver will need to be verified. That brings crypto rules much closer in line with traditional banking.
#AppleCryptoUpdate Apple softens crypto-related app rules, 'hugely bullish' for crypto industry The court ruling is “absolutely huge for crypto,” says a crypto commentator, as iOS applications will no longer be hit with the hefty charge for off-app purchases. Crypto app developers are now free to direct users to payments outside of Apple’s ecosystem without restrictions or hefty fees, after a United States district judge ruled that Apple violated an injunction in its antitrust legal battle against Epic Games.
“The Court finds Apple in willful violation of this Court’s 2021 Injunction, which was issued to restrain and prohibit Apple’s anticompetitive conduct and anticompetitive pricing. Apple’s continued attempts to interfere with competition will not be tolerated,” US district judge Yvonne Gonzalez Rogers said in an April 30 court filing.
Apple must make changes “effective immediately” “Effective immediately, Apple will no longer impede developers’ ability to communicate with users, nor will they levy or impose a new commission on off-app purchases,” Rogers added.
Rogers reiterated, “This is an injunction, not a negotiation. There are no do-overs once a party willfully disregards a court order. Time is of the essence.”
#SaylorBTCPurchase MicroStrategy owns 553,555 bitcoins as of April 28, 2025. MicroStrategy states the average purchase price as $66,384.56 USD per bitcoin with a total cost of $33.139 billion USD.
#DigitalAssetBill Senate Majority Leader Expedites Vote On Historic Digital Asset Legislation WASHINGTON—Today, Senate Majority Leader John Thune initiated a process that expedites a vote on a historic piece of legislation that establishes the first ever regulatory framework for payment stablecoins. The legislation is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act authored by United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, and cosponsored by Tim Scott (R-SC), Chairman of the Senate Banking Committee, and Cynthia Lummis (R-WY).
“The GENIUS Act establishes a clear, pro-growth, and secure regulatory framework to modernize our payments system and cement U.S. dollar dominance. I look forward to passing the GENIUS Act in short order to keep digital asset innovation in America, protect customers, and make sure foreign companies are playing by the same rules,” Sen. Bill Hagerty (R-TN) said. “Our landmark stablecoin legislation is a huge victory for the digital asset industry and a critical step in securing our nation’s financial future,” said Sen. Cynthia Lummis. “The GENIUS Act strikes the balance of establishing proper guardrails that protect consumers while preserving financial innovation and America’s dollar dominance in the global financial system. President Trump and Leader Thune’s decision to bring this important legislation to the floor demonstrates his commitment to maintaining U.S. leadership in financial services while keeping digital asset companies and jobs onshore “The GENIUS Act is a critical first step towards delivering on President Trump and the American people’s mandate to advance a regulatory framework for digital assets – and will protect consumers and expand financial inclusion across the country,” said Chairman Tim Scott. “I look forward to voting for the bill on the floor and the Senate taking historic action to provide the industry with the clarity it deserves.
#AirdropSafetyGuide 6 Tips to Safely Participate in a Crypto Airdrop 1. Do Your Research Before jumping into an airdrop, do your due diligence. Scammers often set up fake websites or social media pages pretending to be real projects, and so it’s important to verify that the airdrop you plan to participate in is legitimate.
Check the official website and confirm the airdrop announcement through trusted sources like the project’s social media accounts, Discord, or Telegram. Take a look at the project’s documents and team members.
If something feels off, like a poorly designed website or weird spelling errors, you may want to dig deeper into the project’s history, or air on the side of caution and skip it. Legitimate projects don’t rush, and will never pressure you into joining.
It’s also a good idea to stick to well-known platforms like CoinGecko or CoinMarketCap to discover upcoming airdrops. A little research can save you a lot of hassle and potential losses.
2. Read the Fine Print Not all airdrops are as free as they claim to be. Some might require you to complete specific tasks, like promoting the project on social media, holding a minimum amount of their tokens, or even making a small transaction.
These aren’t necessarily scams, but you should know what you’re signing up for. If you’re required to pay a fee, consider it a red flag—legit airdrops don’t ask for upfront payments.
Take a few minutes to read through the terms and conditions, or at least skim the FAQs. This helps you avoid surprises down the road.
#StablecoinPayments Bitcoin Pepe (BPEP) Amongst Best Cryptos Now as Mastercard Launches Stablecoin Payments Mastercard has made a decisive move that could change the digital payment sector by combining blockchain and fintech. On April 28, 2025, the payments giant announced the launch of a comprehensive global infrastructure to support end-to-end stablecoin transactions. This development helps strengthen the use case for crypto in everyday commerce. However, it also indicates a bullish shift in sentiment toward digital assets. Against this growing institutional involvement and expanding on-chain utility, traders are searching for the best crypto.
Mastercard’s new capabilities are more than a technological upgrade. They are a strategic reimagining of how value moves globally. The new development involved partnering with crypto leaders such as OKX, Circle, Nuvei, and Paxos. Mastercard is enabling stablecoin transactions from wallets to checkouts, unlocking payments, remittances, and cross-border commerce. The implication? Stablecoins, once confined to trading desks, are now entering the mainstream economy. With such a shift, the attention turns to the next wave of crypto projects that could benefit.
I've been really into airdrops lately, as some of you might tell from my last airdrop posts. One question that gets raised a lot while farming airdrops is how to stay safe while interacting with multiple chains and dapps. The following guide is how I personally go about staying safe.
Having a secondary crypto wallet
While airdrop farming, it is preferable to use a secondary wallet. I personally use TrustWallet to hold most of my crypto investments. I transferred some ETH to MetaMask and started using that wallet for farming airdrops. This ensures that if something bad happens, most of your funds aren't at risk.
Disconnect dapps from your wallet.
If you're interacting with a large amount of dapps, it can be a good idea to disconnect dapps from your wallet. With Metamask, it can be done quite easily. Here is a link to a page that explains the process in simple steps: Disconnect wallet from a dapp, and here are the steps (copy-pasted from the guide):
Within the Account view, click on the 3 dots button on the top right-hand corner
In the expanded menu, click on Connected Sites
Click on the Disconnect next to any sites you wish to disconnect from
If you have multiple accounts connected to the same site, the option to remove connections from all of your accounts will appear when you click disconnect
Revoking Approvals
Disconnecting may not be enough to remove security risks associated with using dapps. In fact, if you approved a spending cap in your wallet (if you've done on-chain tips on this sub, you know what I'm talking about), dapps can access and move tokens in your wallet on your behalf.
#AirdropSafetyGuide [GUIDE] How to stay safe while airdrop farming - Crucial safety information Hey everyone,
I've been really into airdrops lately, as some of you might tell from my last airdrop posts. One question that gets raised a lot while farming airdrops is how to stay safe while interacting with multiple chains and dapps. The following guide is how I personally go about staying safe.
Having a secondary crypto wallet While airdrop farming, it is preferable to use a secondary wallet. I personally use TrustWallet to hold most of my crypto investments. I transferred some ETH to MetaMask and started using that wallet for farming airdrops. This ensures that if something bad happens, most of your funds aren't at risk.
Disconnect dapps from your wallet. If you're interacting with a large amount of dapps, it can be a good idea to disconnect dapps from your wallet. With Metamask, it can be done quite easily. Here is a link to a page that explains the process in simple steps: Disconnect wallet from a dapp, and here are the steps (copy-pasted from the guide):
Within the Account view, click on the 3 dots button on the top right-hand corner
In the expanded menu, click on Connected Sites
Click on the Disconnect next to any sites you wish to disconnect from
If you have multiple accounts connected to the same site, the option to remove connections from all of your accounts will appear when you click disconnect
Revoking Approvals Disconnecting may not be enough to remove security risks associated with using dapps. In fact, if you approved a spending cap in your wallet (if you've done on-chain tips on this sub, you know what I'm talking about), dapps can access and move tokens in your wallet on your behalf.
#AirdropSafetyGuide [GUIDE] How to stay safe while airdrop farming - Crucial safety information Hey everyone,
I've been really into airdrops lately, as some of you might tell from my last airdrop posts. One question that gets raised a lot while farming airdrops is how to stay safe while interacting with multiple chains and dapps. The following guide is how I personally go about staying safe.
Having a secondary crypto wallet While airdrop farming, it is preferable to use a secondary wallet. I personally use TrustWallet to hold most of my crypto investments. I transferred some ETH to MetaMask and started using that wallet for farming airdrops. This ensures that if something bad happens, most of your funds aren't at risk.
Disconnect dapps from your wallet. If you're interacting with a large amount of dapps, it can be a good idea to disconnect dapps from your wallet. With Metamask, it can be done quite easily. Here is a link to a page that explains the process in simple steps: Disconnect wallet from a dapp, and here are the steps (copy-pasted from the guide):
Within the Account view, click on the 3 dots button on the top right-hand corner
In the expanded menu, click on Connected Sites
Click on the Disconnect next to any sites you wish to disconnect from
If you have multiple accounts connected to the same site, the option to remove connections from all of your accounts will appear when you click disconnect
Revoking Approvals Disconnecting may not be enough to remove security risks associated with using dapps. In fact, if you approved a spending cap in your wallet (if you've done on-chain tips on this sub, you know what I'm talking about), dapps can access and move tokens in your wallet on your behalf.