Dear PointPay Family,
The week has passed us by, leaving a lot of events, news and topics for discussion. We tried our best and gathered for you the top 5 most interesting and important events of this week in our selection!
Top TRUMP Token Holders to Join President for Exclusive Gala
A new announcement from the TRUMP meme coin project has stirred the market, offering its most dedicated holders a once-in-a-lifetime opportunity. The top 220 token holders as of May 12 will be invited to a private dinner with the US President, while the top 25 will gain additional access to a VIP White House tour. Following the news, TRUMP surged over 50%, reflecting renewed enthusiasm from supporters. Despite some market skepticism, the project is gaining traction as the President continues to build connections with the crypto space.
Strategy Boosts Bitcoin Holdings with $1.4B Acquisition
Corporate Bitcoin giant Strategy has expanded its holdings by purchasing 15,355 BTC for $1.4 billion between April 21 and April 27. Funded through the sale of company shares, this move brings Strategy's total reserves to an impressive 553,555 BTC. The acquisition was timed with Bitcoin's climb to over $95,000, significantly increasing the firm's unrealized gains. With its latest buy, Strategy strengthens its position as the largest institutional holder of Bitcoin, reaffirming long-term confidence in the asset's growth potential.
Fed Lifts Crypto Restrictions, Signals New Era for US Banks
In a landmark shift, the US Federal Reserve has removed previous supervisory guidance that restricted state banks from engaging in crypto-related activities. The withdrawn letters, issued in 2022 and 2023, had required advance notification and formal approval for involvement in digital assets, including stablecoins. Banks are now free to pursue crypto initiatives under standard supervisory procedures. The decision reflects growing political and regulatory support for digital finance, especially under the current administration's pro-crypto stance.
Bitcoin Breaks $94K as Market Momentum Builds
Bitcoin has rallied past $94,000, marking a strong continuation of its recent surge from $82K earlier in the week. Despite market volatility, the bullish trend appears intact, fueled by increasing institutional interest and supportive policy shifts. Meanwhile, Jack Mallers has launched Twenty-One, a new fund backed by 42,000 BTC and major players like Tether and SoftBank. The fund introduces a novel performance model based on Bitcoin-denominated growth, signaling a shift toward long-term crypto-native investing.
Ripple's $5B Circle Bid Rejected Amid IPO Ambitions
Ripple recently made a multi-billion dollar offer to acquire Circle, its main rival in the stablecoin market. Sources indicate the bid ranged from $4 to $5 billion, but Circle declined, reportedly viewing the proposal as undervaluing the company-especially in light of its ongoing IPO plans. Ripple, which has no plans to go public itself, has been actively expanding its reach, including a recent $1.25 billion acquisition of prime broker Hidden Road. The failed offer underscores the growing competition in the stablecoin arena as firms position for dominance.
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