Khadijah Galvez oBid

#FOMCMeeting The Federal Open Market Committee (FOMC) is concluding its two-day meeting today, May 7, 2025. The Federal Reserve is widely expected to maintain the current federal funds rate at 4.25%–4.50%, amid ongoing economic uncertainties.

Investors are closely watching for any signals from Fed Chair Jerome Powell regarding future monetary policy directions, especially in light of recent economic indicators and geopolitical developments.

The FOMC's policy statement is scheduled for release at 2:00 p.m. Eastern Time (11:00 p.m. Pakistan Standard Time), followed by a press conference with Chair Powell.

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a discussion draft of the Digital Asset Market Structure bill, aiming to establish a comprehensive regulatory framework for cryptocurrencies. Co-authored by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, the draft seeks to delineate oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, digital assets deemed sufficiently decentralized would fall under CFTC jurisdiction, while those remaining centralized would be regulated by the SEC. The bill also introduces clear definitions for "mature" blockchain systems and decentralization thresholds, and removes wealth restrictions for retail investors, promoting broader market participation. A joint hearing by the House Financial Services and Agriculture Committees is scheduled for May 7 to discuss the draft further.

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a discussion draft of the Digital Asset Market Structure bill, aiming to establish a comprehensive regulatory framework for cryptocurrencies. Co-authored by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, the draft seeks to delineate oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, digital assets deemed sufficiently decentralized would fall under CFTC jurisdiction, while those remaining centralized would be regulated by the SEC. The bill also introduces clear definitions for "mature" blockchain systems and decentralization thresholds, and removes wealth restrictions for retail investors, promoting broader market participation. A joint hearing by the House Financial Services and Agriculture Committees is scheduled for May 7 to discuss the draft further.

$BTC As of May 7, 2025, Bitcoin (BTC) is trading at approximately $94,449, reflecting a slight decrease of 0.27% from the previous close.

Analysts project that BTC could reach between $120,000 and $210,000 by the end of 2025, driven by factors such as institutional adoption, ETF inflows, and favorable macroeconomic conditions.

Technical indicators suggest a bullish trend, with the 50-day and 200-day moving averages sloping upward, and the Relative Strength Index (RSI) remaining in the neutral zone.

However, traders should remain cautious, as potential price gaps identified in the CME futures chart—between $96,455 and $96,885 on the upside, and $91,970 to $92,730 on the downside—could influence short-term price movements.

$BTC

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a discussion draft of the Digital Asset Market Structure bill, aiming to establish a comprehensive regulatory framework for cryptocurrencies. Co-authored by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, the draft seeks to delineate oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, digital assets deemed sufficiently decentralized would fall under CFTC jurisdiction, while those remaining centralized would be regulated by the SEC. The bill also introduces clear definitions for "mature" blockchain systems and decentralization thresholds, and removes wealth restrictions for retail investors, promoting broader market participation. A joint hearing by the House Financial Services and Agriculture Committees is scheduled for May 7 to discuss the draft further.

$BTC

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a discussion draft of the Digital Asset Market Structure bill, aiming to establish a comprehensive regulatory framework for cryptocurrencies. Co-authored by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson, the draft seeks to delineate oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, digital assets deemed sufficiently decentralized would fall under CFTC jurisdiction, while those remaining centralized would be regulated by the SEC. The bill also introduces clear definitions for "mature" blockchain systems and decentralization thresholds, and removes wealth restrictions for retail investors, promoting broader market participation. A joint hearing by the House Financial Services and Agriculture Committees is scheduled for May 7 to discuss the draft further.

$BTC

#FOMCMeeting The Federal Open Market Committee (FOMC) is concluding its two-day meeting today, May 7, 2025. The Federal Reserve is widely expected to maintain the current federal funds rate at 4.25%–4.50%, amid ongoing economic uncertainties.

Investors are closely watching for any signals from Fed Chair Jerome Powell regarding future monetary policy directions, especially in light of recent economic indicators and geopolitical developments.

The FOMC's policy statement is scheduled for release at 2:00 p.m. Eastern Time (11:00 p.m. Pakistan Standard Time), followed by a press conference with Chair Powell.
$BTC

#MarketPullback Bitcoin (BTC) has experienced a notable pullback, declining from its peak of $109,200 in January 2025 to approximately $84,000. This downturn is largely attributed to President Trump's imposition of higher import tariffs on major economies, which unsettled investors and prompted profit-taking across financial markets. Additionally, panic selling by new investors and institutional withdrawals have intensified the selling pressure. Technical analysis indicates that Bitcoin is currently trading below key moving averages, with resistance levels at $83,338 and $85,046, and support levels at $81,134 and $82,000. Despite the bearish trend, signs of accumulation and a potential short-term recovery are emerging.

$BTC

#USStablecoinBill The U.S. Stablecoin Bill, officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aims to create a federal regulatory framework for payment stablecoins. It mandates that issuers obtain approval from federal banking regulators, maintain 1:1 backing with U.S. dollars or high-quality liquid assets, and prohibits misrepresenting stablecoins as government-insured. The bill has sparked political contention, with some Democrats withdrawing support over concerns about anti-money laundering provisions and potential conflicts of interest involving Trump-linked stablecoin ventures. Despite bipartisan efforts, the legislation faces challenges due to internal party divisions and debates over financial system risks.

#USStablecoinBill The U.S. Stablecoin Bill, officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aims to create a federal regulatory framework for payment stablecoins. It mandates that issuers obtain approval from federal banking regulators, maintain 1:1 backing with U.S. dollars or high-quality liquid assets, and prohibits misrepresenting stablecoins as government-insured. The bill has sparked political contention, with some Democrats withdrawing support over concerns about anti-money laundering provisions and potential conflicts of interest involving Trump-linked stablecoin ventures. Despite bipartisan efforts, the legislation faces challenges due to internal party divisions and debates over financial system risks.

#SaylorBTCPurchase The Saylor BTC Purchase refers to Michael Saylor’s bold decision to allocate MicroStrategy’s corporate treasury into Bitcoin, starting in 2020. Viewing Bitcoin as a superior store of value compared to cash, Saylor led MicroStrategy to become the first publicly traded company to adopt BTC as its primary reserve asset. Through a combination of cash reserves, debt financing, and equity offerings, the company acquired over 200,000 BTC by 2025. This strategy significantly increased the firm’s market visibility, aligning its stock with Bitcoin's performance. Saylor’s move sparked institutional interest in crypto and set a precedent for corporate Bitcoin adoption worldwide.

$BTC

#MarketPullback A Bitcoin market pullback refers to a short-term decline in BTC’s price, typically ranging from 5% to 10%, after a recent rally. Such pullbacks are normal and often reflect profit-taking, macroeconomic uncertainty, or shifts in investor sentiment. While they may trigger concern among new investors, pullbacks are often viewed as healthy pauses within broader bullish trends. They present buying opportunities for long-term holders and allow the market to stabilize. It's essential to differentiate pullbacks from deeper corrections or bear markets, as they usually indicate consolidation rather than reversal. Understanding these dynamics helps investors remain calm and strategic during volatility.

$BTC

#EUPrivacyCoinBan The propose has sparked widespread debate across the crypto community. Aimed at enhancing anti-money laundering (AML) measures, the ban targets privacy-focused cryptocurrencies like Monero and Zcash, which obscure transaction details to protect user anonymity. Supporters argue the move is necessary to prevent illicit financial flows and improve transparency. However, critics warn it could stifle innovation, compromise financial privacy, and drive users toward unregulated markets. As the EU pushes for stronger digital asset regulation, the balance between security and individual privacy remains a contentious issue with far-reaching implications for the future of decentralized finance and civil liberties in the digital age.

#AppleCryptoUpdate Apple is making subtle yet significant moves toward crypto integration. Recent iOS updates hint at improved support for Web3 apps and NFTs, especially within Safari and Wallet. While Apple hasn't officially launched a native crypto wallet, third-party apps like MetaMask and Coinbase Wallet are gaining smoother functionality on iPhones. There's growing speculation about Apple enabling Tap to Pay for crypto transactions via trusted providers. Developers are also reporting increased flexibility for crypto-related apps on the App Store. Though Apple remains cautious, the direction is clear: crypto is being welcomed—quietly but steadily—into the Apple ecosystem. Stay tuned!