Dear PointPay Family,
The crypto market saw big shifts this past week. From regulation to major player activity, key changes are unfolding fast. We've gathered the top 5 news highlights to keep you updated.
Trump proposes ban on lawmaker stock trades amid calls for transparency
President Donald Trump has called for a ban on insider trading within Congress, citing the need to restore public trust in legislative financial practices. The proposal comes amid growing pressure for greater accountability, with bipartisan support emerging for stricter disclosure requirements.
The initiative could reshape the current regulatory landscape and influence investor sentiment across US equities. While the impact on crypto markets is expected to be minimal, analysts believe broader transparency measures may still affect market confidence over time.
Bitcoin holds steady despite US-China trade standoff
Geopolitical friction between the US and China has intensified, with tariffs reaching historic highs - yet risk assets like Bitcoin remain resilient. According to QCP Capital, traders are hedging short-term risks through put options, reflecting market caution amid global tensions.
Despite uncertainty, long-term sentiment around Bitcoin appears to be strengthening. Analysts expect continued price consolidation within the $80,000 to $90,000 range, with investors closely watching policy developments for potential shifts in market dynamics.
WLFI quietly rolls out USD1 stablecoin across major blockchains
Without fanfare, World Liberty Financial Inc. has launched its USD1 stablecoin, now live on Ethereum and BNB Chain. The rollout, which bypassed traditional marketing efforts, quickly drew attention—trading volume surged past $140 million in 24 hours, according to CoinMarketCap.
The stablecoin, backed by US treasuries and managed by BitGo, has stirred regulatory interest due to its reported connection to Donald Trump. As debates over the future role of stablecoins in federal finance continue, USD1's stealth debut may signal a strategic shift in how digital dollars enter the market.
OM token crashes 90%, triggering panic and market fallout
The OM token from the MANTRA project saw a sudden collapse on April 13, plunging over 90% in value within hours. The sharp decline, which slashed the project's market capitalization from $5.9 billion to under $500 million, sparked a wave of liquidations and mass withdrawals.
While the development team denies involvement in the collapse, community frustration has intensified - especially after the project's Telegram channel was abruptly taken offline. If OM fails to recover, the event could rank among the most severe crypto crashes since Terra LUNA.
Trump team eyes gold and tariffs to boost Bitcoin reserves
Advisors to President Trump are weighing unconventional strategies to increase the US government's Bitcoin holdings, including redirecting tariff revenues and revaluing federal gold certificates.
The proposed measure, tied to the Bitcoin Reserve Act, would allow revalued gold assets - currently far below market price - to fund Bitcoin purchases without new debt. The idea reflects a broader shift toward incorporating digital assets into national reserve strategies as the US rethinks its financial toolkit.
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