26 Apr 2025, 09:32

Fed Releases Critical Six-Month Report on the US Economy

The Federal Reserve's latest Financial Stability Report identifies rising global trade tensions, increasing policy uncertainty, and concerns about the sustainability of U.S. debt as the top risks to the stability of the U.S. financial system. The report is the first six-month risk survey since President Donald Trump returned to the White House. The report reveals a sharp increase in concerns among market participants, with 73% of respondents citing global trade risks as their primary concern, more than double the figure reported in the previous survey conducted last November. Policy uncertainty also ranks high among financial fears, with half of respondents citing uncertain or changing economic policies as their main concern, reflecting growing concern about potential regulatory and fiscal changes under the new administration. This represents a significant increase from the same period last year. Related News: Bloomberg Analyst Mike McGlone Warns About Bitcoin and Cryptocurrencies The Fed’s report also highlights growing concerns about recent market volatility. Concerns about the functioning of the U.S. Treasury market were voiced by 27% of respondents, up from 17% in the previous survey. Analysts say liquidity pressures and changing investor behavior are contributing to instability in one of the world’s most critical financial markets. The report also notes growing concerns about foreign investor withdrawal from U.S. assets and the potential impact on the value of the dollar. These developments could have far-reaching effects on interest rates, capital flows and broader financial conditions. *This is not investment advice. Continue Reading: Fed Releases Critical Six-Month Report on the US Economy

26 Apr 2025, 09:17

Peak Euphoria: Peter Schiff Asks X Followers to Donate Bitcoin

The Bitcoin permabear said in a post on Wednesday that due to the current market price rally, he is asking followers to change his mind about the cryptocurrency by donating it to his BTC address. Due to Bitcoin’s rally, the current market value of my Strategic Bitcoin Reserve has risen above $5,000 for the first time. To donate to my reserve to help prove me wrong that a Bitcoin reserve is a bad idea, here’s the wallet address. bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97 — Peter Schiff (@PeterSchiff) April 24, 2025 Famous Bitcoin Hater Peter Schiff Now Wants Some He then posted a Bitcoin wallet address for X followers to send BTC donations. According to one blockchain explorer, he has received about $20 worth of the cryptocurrency from two transactions since making the post. Peter Schiff’s sudden interest in owning Bitcoin may be one of the most bullish portents of this market cycle so far. He has worked hard to stoke a reputation for hating Bitcoin. Searching his X timeline for posts mentioning the cryptocurrency, it is replete with hundreds of posts. All of them are fiercely critical. But not his latest post soliciting BTC donations. The FOMO Is Strong With This Market Cycle Just last week, Peter Schiff said Bitcoin is a “fraud” and Strategy founder Michael Saylor will likely go “bankrupt” hoovering it up. Saylor has been on a warpath to acquire Bitcoin. He’s even been issuing stock-convertible corporate bonds for the cash to buy more. As a result, his stock has 10X’d on the Nasdaq in the past 24 months. Schiff sounded like Saylor himself when he followed up in the reply thread on his post Wednesday to say he is “never selling” the BTC in his individual “Bitcoin reserve.” I’m not making any money. I’m never selling what’s in that reserve. — Peter Schiff (@PeterSchiff) April 24, 2025 One of the top replies on Schiff’s post asked him if he would use the BTC to fund more of his wife’s music videos. He repeated that he’ll never sell his BTC. Peter Schiff’s wife’s music video dropped last September. Her band name, Laughing Cats, sounds like a meme coin. The post Peak Euphoria: Peter Schiff Asks X Followers to Donate Bitcoin appeared first on CryptoPotato .

26 Apr 2025, 09:15

Arthur Hayes Says Bitcoin Primed To Benefit Amid Trade War, Deglobalization and US-China Decoupling – Here’s How

BitMEX founder Arthur Hayes says Bitcoin ( BTC ) will likely benefit from the ongoing trade war and a US-China decoupling. In a new interview with the host of the Forward Guidance YouTube channel, Felix Jauvin, Hayes says governments around the world will likely have to print money to offset the impacts of the trade war, which has ignited massive Bitcoin rallies in the past. “China’s not alone. It’s every major economy needs to print a bunch of money to basically cushion the effects of this attempted divorce, this decline in globalization. But at the end of the day, yeah, they’re going to print money – Bitcoin benefits. Now the reciprocal of the current account deficit in the US is our financial account surplus. And so all these dollars that got earned, the trillions of dollars that got earned selling stuff to America, got recycled into Treasury bonds and stocks and Mag 7, all the big US tech stocks. So mathematically, if [US President Donald] Trump is serious about reducing the current account to zero, then foreigners have to sell stocks – period. It’s just math. And then the question is, okay, well, can the US government survive financially if there’s a big decline in capital gains taxes because the market’s not going up? I don’t think so. Therefore, we get a printing money function and Bitcoin benefits. It finally decouples from tech because of the structural flows and what needs to happen from an affordability standpoint for the US government.” While some in the crypto space suggest the market turmoil may prompt central banks to start accumulating Bitcoin to diversify their asset holdings, Hayes believes central banks will continue to turn to gold as a hedge, not the flagship crypto asset. “I actually don’t think that they’re mentally prepared for that sort of leap. They understand gold. They’ve been trained in gold. They’ve read history books about gold.” Bitcoin is trading for $94,832 at time of writing, up 1.2% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Arthur Hayes Says Bitcoin Primed To Benefit Amid Trade War, Deglobalization and US-China Decoupling – Here’s How appeared first on The Daily Hodl .

26 Apr 2025, 08:36

Swiss National banks says NO to Bictoin

Swiss National Bank (SNB) President Thomas Jordan recently dismissed the idea of holding Bitcoin as part of the country's reserves. Speaking at a press event, Jordan said the SNB does not believe Bitcoin fits the criteria of a reserve asset. He emphasized that Bitcoin is too volatile and doesn't match the security and liquidity standards expected for Switzerland’s financial reserves. While the SNB could technically purchase Bitcoin if it decided to, Jordan explained that the central bank sees no need or advantage in doing so right now. His comments reflect a cautious approach towards cryptocurrencies, despite Switzerland’s reputation for embracing innovation in finance. This cautious stance by a leading financial authority signals that traditional institutions remain skeptical about integrating Bitcoin into formal monetary systems, at least for now.

26 Apr 2025, 08:33

Crypto banking rule withdrawal by Fed ‘not real progress’ — Senator Lummis

United States Senator Cynthia Lummis says the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks. “The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.” Lummis’ tone was different from the rest of the crypto industry Lummis, a pro-crypto advocate known for introducing the Bitcoin ( BTC ) Strategic Reserve Bill in July 2024, pointed out several flaws in the Fed’s announcement, even as Strategy founder Michael Saylor and crypto entrepreneur Anthony Pompliano suggested it was a step forward for banks and crypto. Source: Anthony Pompliano She argued that the Fed continues to “illegally flout the law on master accounts” and still relies on reputational risk in its bank supervision practices. It comes as the Federal Insurance Deposit Corporation (FDIC) is working on a rule to stop examiners from considering reputational risk when reviewing a bank’s operations, according to a recent Bloomberg report . Lummis also highlighted the Fed’s policy statement in Section 9(13), which hasn’t been withdrawn, stating that Bitcoin and digital assets are considered “unsafe and unsound.” She also reiterated many of the same staff behind Operation Chokepoint 2.0 are still involved in crypto policy today. “We are NOT fooled. The Fed assassinated companies within the industry and hurt American interests by stifling innovation and shuttering businesses. This fight is far from over.” “I will continue to hold the Fed accountable until the digital asset industry gets more than a life jacket, Chair Powell — they need a fair shake,” Lummis said. Related: If Trump fired Powell, what would happen to crypto? Custodia Bank founder and CEO Caitlin Long seemed to share a similar view to Lummis. “THANK YOU for seeing this for what it is,” Long said . Source: David Sacks However, many crypto executives praised the Fed’s announcement as a positive development for the industry. Saylor said in an April 25 X post that the Fed’s move means that “banks are now free to begin supporting Bitcoin.” Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, said the Fed’s decision “is a significant development, as it will simplify the path to institutional adoption.” Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

26 Apr 2025, 08:15

Ohio residents may soon be able to pay fees in cryptocurrencies

Ohio residents may soon be able to pay their fees in digital assets. According to reports, the state is edging closer to allowing residents in the state to pay taxes in digital assets after a new GOP proposal has laid the groundwork for digital assets to become mainstream. With the stock market currently experiencing volatility, investment experts have urged residents to diversify their portfolios, and that is the incentive that politicians in Ohio are trying to give to their residents. “We are authorizing the use of cryptocurrency as just another way to keep up with the current practices that are generally accepted by the American public and by the people of the state of Ohio,” State Treasurer Robert Sprague said. According to the report, the idea is being pushed by Sprague and Secretary of State Frank LaRose, with the pair trying to make sure that Ohio remains a leader in terms of innovation in the country, hence allowing residents to pay state fees and services like taxes in digital assets. They are proposing that state agencies should be allowed to accept digital assets, but it should not be mandatory. Ohio flirts with the idea of taking fees in cryptocurrencies The issue of cryptocurrency and its acceptance has been something that has generated quite a buzz across the globe. While some groups see it as the next wave of financial freedom, others think it is not secure enough, meaning that humans cannot fully rely on the system. Although its appeal lies in its decentralization and transparency, skeptics are still opposing its use in everyday activities. In this case, Secretary of State LaRose has mentioned that his office will take the first step when it comes to accepting the assets. While it could eventually get to taxes in the long run, it could just start with business filings in the secretary’s office. “My office is prepared to be the first in state government to begin accepting Bitcoin and to do so immediately,” LaRose said. Two other crypto proposals are being considered in the Ohio House, with one trying to make sure that fees stay low. The bills are sponsored by state Representative Steve Demetriou (R-Bainbridge TWP.), with the first bill looking to protect cryptocurrency by putting taxes on the asset, while the other would allow the treasurer to invest in “high-value digital assets” in the general or reserve fund. Payment calculation could pose a great challenge While the idea behind the initiative has been seen as fairly better, considering it is following global trends of financial freedom, there have been doubts over price calculations. According to CWRU Veale Institute for Entrepreneurship’s Michael Goldberg, payments can be hard to calculate because of the spikes in the price of the assets. Government accountability advocate Catherine Turcer, with Common Cause Ohio, has also said it is not safe for the state’s finances. “It is electronic money, anything could happen to it,” Turcer said. “Whether it’s hacking, deflation — when you pay your taxes on April 15, and it nosedives on the 16th — it’s just too volatile.” However, the treasurer explained that their system could be coded in a way that immediately changes the currency format once it is submitted. “Our mission here is to have a thoughtful, safe, and secure process for accepting this cryptocurrency and converting it immediately into United States dollars for the state treasury to hold,” Sprague said. Last year, the FBI reported about $9.3 billion in losses due to cryptocurrency crimes. In light of this, Goldberg has mentioned that there will always be financial fraud, highlighting that it is difficult to track back since most of it is online. “Crypto is still a bit of the wild, wild west; it’s basically completely deregulated,” he said. “If somebody gets defrauded, it may be a bit more challenging for them to recoup their assets.” Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More