Ledger hires a former executive from Circle as CFO ahead of its IPO
Ledger, a manufacturer of cryptocurrency wallets, has appointed a former executive from Circle as CFO while expanding its presence in the United States and preparing for a potential IPO.
NEWS ABOUT THE BILL ON THE STRUCTURE OF THE MARKET #CRYPTO
SENATORS reached an AGREEMENT with the White House to resolve the DISPUTE over the yields of stablecoins with BANKS.
"This could resolve the standoff between banks and crypto over stablecoins"
🔹The major obstacle was the "yield" of stablecoins 🔹Crypto companies (like Coinbase) wanted to offer interest to users who hold their stablecoins on their platforms to attract customers 🔹Traditional banks strongly opposed, arguing that this would cause a "deposit flight"
🔹Although the final details are being polished, the agreement seeks a middle ground: 🔹Prohibition of passive interest: the ability to pay interest would be limited only to "having" the currency (like a savings account). 🔹Permission for "rewards" for activity: certain incentives would be allowed if linked to transactions or active use of the network, to not stifle innovation.
📍This was the main point that had the legislation "frozen" since January. 📍Senators mention that they are in the "final stages" and could have a solid position next week to move forward. 📍With this agreement, the Senate Banking Committee could finally vote and move the bill towards final approval. 📍#Crypto increasingly closer to having a CLEAR regulation that allows investment from the largest.
The CEO of Cloudflare, Matthew Prince, warns that AI bots could surpass human traffic on the Internet by 2027, as generative AI drives exponential growth in automated web activity.
The market now sees a 50% chance of a RATE INCREASE by the U.S. Federal Reserve by the end of 2026. Just a few months ago, markets were expecting up to four RATE CUTS this year.
What is behind this and how does it impact financial markets?
🔻While oil prices soar above $100 per barrel, inflation expectations are rising rapidly. 🔻Gasoline prices increased by almost +50% in four months. An outrageous figure. 🔻All this while the European Central Bank is expected to raise interest rates twice this year. 🔻If current oil prices remain at $100 for another two months, U.S. CPI inflation will rise to 3.3% according to @KobeissiLetter (which increases the likelihood that the FED will raise rates).
On the other hand, @PeterSchiff states: "War, explosive debt, and skyrocketing inflation will drive yields much higher." "Without significant rate cuts and massive QE (a mistake), stocks and the real estate sector will collapse, resulting in a financial crisis worse than that of 2008."
📍Rate hikes put significant pressure on assets and entities that depend on low rates and cheap borrowing. 📍When rates rise, the value of bonds and previously issued fixed-income assets falls drastically (as seen in 2023 with banks like SVB), which erodes the capital of banks and financial institutions that hold large portfolios of these instruments. 📍Additionally, it increases the cost of refinancing short-term debts, triggers defaults on variable loans (like subprime mortgages at their time), and reduces overall liquidity.
An analysis of 300 years shows that major wars always represent a disastrous period for holders of government bonds due to inflation and financial repression, according to Fortune.
"Whenever there is a major war, we observe a sharp decline in bond yields."
Paul Atkins called for clearer and more appropriate standards that meet needs, as well as less law enforcement-focused regulation, to support innovation and maintain the development of cryptocurrencies in the United States.
According to Politico, important U.S. senators reach an agreement with the White House on the performance of stablecoins, which represents a possible advancement for the bill on the structure of the Bitcoin and cryptocurrency market.$BTC
JPMorgan and Goldman Sachs are now offering hedge funds ways to short the $1.8T private credit market.
🔻BlackRock had to limit withdrawals after requests reached 9.3% of its HPS fund 🔻Morgan Stanley and Cliffwater are also restricting redemptions 🔻JPMorgan has already begun to write down software-related loans in private credit portfolios 🔻Defaults in private credit hit a record 9.2% at the end of 2025 🔻Blackstone's $82 billion private credit fund recorded redemption requests of $6.5 billion in the first quarter 🔻U.S. banks have lent nearly $300 billion to private credit providers
Now, the same banks that helped build the private credit boom are creating the tools to bet against it Read the quoted post to understand the impact of this on the SP500 and #Bitcoin
OIL FALLS FOR THESE REASONS (#BITCOIN REACTS UPWARD):
🔸Bessent states that the United States is allowing tankers to pass through the Strait of Hormuz. 🔸The White House claims that Trump is talking to European allies and "several countries" about the opening of the Strait of Hormuz. 🔸On the other hand, Iran reached an agreement with India and authorized the passage of tankers to Asia. 🔸However, it maintains restrictions for Japan and U.S. allied countries.
And last but not least, Australia, the United Kingdom, Germany, and Italy refuse to participate in the WAR. In light of this, $BTC exceeds $74K and oil fell to $98 per barrel.
Financial Times: "The CENTRAL BANKS are positioning to PIVOT towards a HAWKISH DIRECTION (against stimulating and in favor of tightening monetary policy)"
They comment on this in light of the increase in oil and the upcoming interest rate decisions from the FED, ECB, and BOJ this week...