2025 crypto trading and market thread

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DOJ calls for 20-year sentence for Celsius founder Alex Mashinsky: CNBC Crypto World​

Apr 29, 2025 #CNBC #cnbctv

On today’s episode of CNBC Crypto World, major cryptocurrencies trade higher with ether climbing more than 3% to more than $1,800. Plus, the Department of Justice is seeking a 20-year prison sentence for former Celsius CEO Alex Mashinsky. And, Chris Maurice of crypto payments firm Yellow Card discusses regulatory developments around stablecoins in the United States.


10:44

Chapters:
00:00 - CNBC Crypto World, April 29, 2025
0:23 - Bitcoin climbs
0:36 - The headlines
3:54 - Yellow Card's Chris Maurice
 

Eric Trump warns banks could go extinct in 10 years if they don’t embrace crypto​

The Executive Vice President of the Trump Organization, Eric Trump, has warned that if banks don’t change the way they operate, they’ll be extinct in ten years. He made the remarks while also criticizing the modern financial system as being broken, slow, and expensive.

Eric Trump acknowledged that the current banking system favors the ultra-wealthy. He added that what got him into cryptocurrencies was when he realized the banking system was “weaponized” against the vast majority of people in the U.S.

More:

https://www.msn.com/en-us/money/mar...S&cvid=e72320b902804e69a2ae8fcd9aae6487&ei=41
 
I've never heard of Fold before. I have no idea what they do or how they fit in the crypto ecosystem.
 
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Bitcoin trades above $97,000 following solid April jobs report: CNBC Crypto World​

May 2, 2025 #CNBC #cnbctv

On today’s show, bitcoin and ether climb along with broader markets following a better-than-expected jobs report for April. Plus, PayPal says the SEC ended its investigation into the company’s stablecoin. And, Alison Mangiero, head of staking policy at the Crypto Council for Innovation explains the goal of a letter sent to the SEC calling for clarity on staking.


11:17

Chapters:
00:00 - CNBC Crypto World, May 2, 2025
0:25 - Bitcoin climbs
1:20 - The headlines
3:54 - CCI's Alison Mangiero
 
MALÉ, Maldives, May 4, 2025 /PRNewswire/ -- The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) - a wholly sustainable, Financial Freezone in Malé, Maldives, designed for and created to attract global financial institutions, fintech pioneers, and global digital Nomads.

Allowing the Maldives to diversify beyond tourism, it will attract the future of finance and position Malé as the premier global business and financial hub in the Indian Ocean through an integrated, mixed-use urban district.

MIFC will offer no corporate tax, tax-free inheritance, ownership as per the constitution of the Maldives, and privacy. Combined with no residency requirements, it's set to attract digital nomads, entrepreneurs, and wealth creators seeking freedom without borders.

Residents will benefit from multi-currency banking and access to offshore private banking. Future-ready regulations will support digital assets, and green finance - making MIFC not just a financial hub, but a destination for those investing in the legacy of future generations.

Due to be completed by 2030, it will be easily accessible from any part of the world and the aim is to notably increase the country's GDP within four years with projected revenue to be well over US $1bn by the fifth year.

The centrepiece of MIFC is a state-of-the-art conference centre with capacity for 3,500 people. The multi-purpose convention venue will host leading global conferences, cultural events and innovation-driven hackathons establishing Male as leading assembly hub, driving all year round engagement in the Maldives and further supporting the wider, already established hospitality industry

The plan includes three iconic residential and office towers designed for international HQs and regional offices, high-end, sea front branded residences, world-renowned hotel brands, vibrant and one-of-a-kind retail experience, Oceanographic Museum, Mosque, and leading education facilities including an International School.
...
Click to expand...

www.prnewswire.com

THE GOVERNMENT OF THE MALDIVES AND MBS GLOBAL INVESTMENTS PLEDGE $8.8 BILLION TO CREATE THE MALDIVES INTERNATIONAL FINANCIAL CENTRE

/PRNewswire/ -- The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) - a wholly...
www.prnewswire.com www.prnewswire.com

The Maldives want to become a hub for the crypto industry.
 
I didn't think Maxi was a "thing" anymore. Guess I was wrong.

Top House Democrat Maxine Waters blocks crypto legislation hearing: CNBC Crypto World​

May 6, 2025 #CNBC #CNBCTV

On today’s episode of CNBC Crypto World, Rep. Maxine Waters, the leading Democrat on the House Financial Services Committee, blocked a joint hearing with the House Agriculture Committee on a digital asset market structure bill, citing alleged corruption by the president over his crypto ties. Plus, Jack Mallers, who is now the CEO of Twenty One, discusses the new company, which would allow for a singular vehicle for bitcoin exposure.


12:34

Chapters:
0:00 - Introduction
0:31 - Bitcoin inches higher
0:45 - The headlines
4:30 - Jack Mallers of Twenty One
 

Ether surges nearly 25% for its best week in four years: CNBC Crypto World​

May 9, 2025 #CNBC #CNBCTV
On today's episode of CNBC Crypto World, bitcoin rises to $103,000 while ether soars 25% for the week. Plus, the Senate fails to advance stablecoin legislation after Democrats raised national security and money laundering concerns. And, Katrina Paglia of Pantera discusses what's next for crypto regulation bills after the legislation setback.


8:39

Chapters
00:00 - CNBC Crypto World, May 9, 2025
0:26 - Cryptocurrencies rise
1:01 - The headlines
3:42 - Katrina Paglia of Pantera
 

Why the Senate crypto bill tanked​

The cryptocurrency industry, riding high amid the friendliest Washington environment in its history, just suffered its first major setback of the Trump era.

Senate Democrats’ move Thursday to reject an industry-backed crypto bill delivered a significant blow to the digital asset lobby’s standing on Capitol Hill, where its agenda suddenly appears to be on wobbly ground.

The crypto bill may still have a path forward. But the industry’s effort to influence policymakers on both sides of the aisle with hundreds of millions of dollars in political spending is running up against sharp partisan fissures in Congress as Democrats look for new avenues to resist President Donald Trump.

More:

 
Sen. Elizabeth Warren is still trying to prosecute her war on crypto. Election season is over.
 

Trump’s crypto agenda is being threatened by his pursuit of personal profits​

  • Multiple senators cited Trump’s crypto entanglements as a key reason for their opposition to new legislation.
  • The “End Crypto Corruption Act,” introduced by Senate Democrats, aims to prohibit elected officials and senior executive branch personnel from issuing or endorsing digital assets.
  • Some in the industry say the focus on Trump’s conflicts is derailing critical policy progress for the broader crypto sector.
President Donald Trump is standing in his own way when it comes to passing crypto legislation.

Lawmakers this week rejected the GENIUS Act — a bill meant to establish federal rules for stablecoins — due in part to concerns that President Trump’s personal cryptocurrency ventures have created an unprecedented conflict of interest.

“Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,” Sen. Jeff Merkley, D-Ore., said in a statement to CNBC explaining his opposition to the bill. “This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government.”

 
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