Dear PointPay Family,
The week is almost over, and it's the perfect time to recap the highlights. We've compiled the Top 5 most interesting and important crypto news stories from the past few days so you can easily stay up to date on all the key developments in the crypto world.
Bitcoin Millionaires Plunge Amid Trump’s Economic Policies
The number of Bitcoin millionaire addresses has dropped significantly since Donald Trump’s return to the White House. In just two months, the count fell from 176,364 to 143,717 - a decline of over 18.5%. According to research, this downturn erased more than 32,000 BTC millionaires, with an average of 544 lost daily. Analysts link the decline to economic uncertainty fueled by Trump’s tariff policies, which have contributed to volatility across both crypto and traditional markets.
Trump-Backed Stablecoin USD1 Launches on BNB Chain and Ethereum
World Liberty Financial, a crypto project linked to Donald Trump, has introduced USD1, a stablecoin deployed on BNB Chain and Ethereum. While its total supply exceeds $3.5 million, the token is not yet available for trading. The company, which has raised $550 million through public sales, remains under scrutiny due to Trump family control over 60% of its shares. Concerns over transparency and potential conflicts of interest have sparked regulatory discussions, with critics questioning the project's long-term implications.
GameStop Moves into Crypto with Bitcoin Investment
GameStop (GME) is set to add Bitcoin to its treasury reserves, marking a significant shift in its investment strategy. The company’s board unanimously approved the move, allowing investments in BTC and US dollar-backed stablecoins. Following the announcement, GME stock saw an immediate boost, continuing an upward trend sparked by speculation earlier this year. With this decision, GameStop follows the path of major Bitcoin investors like Michael Saylor’s MicroStrategy, potentially positioning itself as a crypto-forward retail giant.
SEC Expands Crypto Regulation Efforts with New Roundtables
The U.S. Securities and Exchange Commission (SEC) is set to host four additional roundtables focused on crypto trading, custody, tokenization, and DeFi. The discussions will begin on April 11, continuing through June, following the agency’s initial crypto-focused meeting in March. Led by Commissioner Hester Peirce, these sessions aim to refine regulatory frameworks and explore policy adjustments. The SEC is also reviewing past enforcement actions and considering a rollback of stringent rules introduced under former Chair Gary Gensler, signaling a potential shift in regulatory stance.
Stablecoins Surge as Crypto’s Preferred Medium of Exchange
Stablecoins continue to reshape digital transactions, with total transfer volume surpassing $27.6 trillion last year - outpacing Visa and Mastercard combined. USDT remains the dominant player, holding a market capitalization of over $143 billion, while USDC follows with $58 billion. Despite their growing adoption, concerns persist over transparency and regulatory oversight, particularly regarding USDT’s asset backing. As stablecoins gain traction across different regions, their role in global finance is expanding, challenging traditional payment networks.
🔥 Buy PXP tokens on MEXC: http://bit.ly/3UhCgZn
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking
📲 Trade at PointPay with Telegram app (@PointPayTMA_bot)!
🏦 PointPay - all crypto services in one place!