TORONTO — Sa kabila isang kamakailang pag-urong, Dapat na makapirma si U.S. President Donald Trump ng stablecoin at market structure legislation bago magpahinga ang Kongreso sa Agosto, sabi ng opisyal ng White House na si Bo Hines noong Miyerkules.

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Tinatalakay pa rin ng mga mambabatas ang batas, na mabuti, sabi ni Hines, ang executive director ng President's Council of Advisers on Digital Assets, sa entablado sa Consensus 2025 sa Toronto.

"Nagpapatuloy ang negosasyon," aniya. "Ngunit nananatili akong matatag sa aking Optimism na makakamit natin - ang pagnanais ng Pangulo ay gawin ito - ngunit ang stablecoin legislation at market structure legislation bago ang recess ng Agosto."

Gayunpaman, kinilala niya na ang proseso ng pambatasan ay "nagbabago."

Sinabi ni Hines kanina na ang Crypto ventures ni Trump, gayundin ang pagkakaugnay ng pamilya ng presidente, ay hindi nagdulot ng anumang salungatan ng interes.

"Ang kanyang mga anak ay may karapatan na makisali sa mga capital Markets bilang mga pribadong negosyante, tulad ng ginagawa ng sinuman sa US," sabi niya sa CoinDesk TV. "I do T see any conflict in doing so. By the way, it should be exciting that they're engaging in this space. Kung ikaw ay isang magaling na business person, dapat ay tumitingin ka sa mga digital asset at nagsasabing, 'paano ako makakasali?' Dahil ito ang susunod na henerasyon ng Finance."

Inulit niya ang argumentong ito sa entablado sa Consensus.

"Habang inilulunsad namin ang mga negosasyon sa taripa at ang mga negosasyong pangkalakal ay nilalaro ang kanilang mga sarili, gusto naming itatag ang aming mga sarili bilang isang pinuno sa digital asset financial Technology sa pangkalahatan," sabi niya.

Tinanong sa CDTV tungkol sa mga ulat na ang isang maliit na kumpanya ay bumibili ng TRUMP coins, sinabi ni Hines, "Sasabihin kong napakatatag, T mabibili ang presidente ng Estados Unidos."

Ang White House at mga miyembro ng working group nito ay nagtatrabaho pa rin sa isang strategic na reserbang Bitcoin , sinabi ni Hines sa entablado.





Si Trump ay Subaybayan pa rin na Pumirma sa Crypto Legislation Sa Agosto, Sabi ni Bo Hines ng White House

JPMorgan Chase chief executive Jamie Dimon says that he still would not rule out the possibility of the US entering an economic recession.

In a new Bloomberg Television interview, Dimon says mounting uncertainty around tariffs and geopolitical tensions could increase inflation and slow down the economy.

“I’m going to defer to our economists who give [a recession] about a 50% chance…

If there’s a recession, I don’t know how big it will be or how long it will last. Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point.”

Dimon says economic uncertainty includes ongoing wars and conflicts around the world, as well as unresolved issues in the United States, such as a growing budget deficit and a tax bill winding its way through Congress.

“Markets are quite unpredictable. I think there’s a lot of uncertainty out there that you can’t discount. You know, war in Ukraine, terror in the Middle East. You know, Iran. You know, huge deficits, our tax bill, which I would like to see a good tax bill pass, the tariffs, the reaction of countries to tariffs.”

Dimon also says that the recent developments around President Donald Trump’s trade war are moving in the right direction, but still leaves many questions unanswered.

“I think it’s the right thing to do, is to back off some of that stuff, to engage in conversation. I’m grateful they did the US-UK deal. You know, it’s an agreement in principle so there’s a lot of uncertainty still, and there’s a lot of uncertainty still in the China thing, but at least we started, and obviously it calms down the markets.”

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JPMorgan Chase CEO Jamie Dimon Says He Wouldn’t Take US Recession ‘Off the Table,’ Warns There’s a Lot of Uncertainty Out There

The chief investment officer (CIO) of Bitwise, Matt Hougan, is leaning bullish on Bitcoin (BTC) amid the crypto king’s 20% gain over the past month.

In an appearance on the David Lin YouTube channel, Hougan says various fundamental catalysts could drive the price of Bitcoin up by over 95% from the current level in months.

“Our prediction is that Bitcoin is going to eclipse over $200,000 by the end of the year. What’s happening right now is you have a huge amount of good news in Bitcoin. You have a US strategic reserve where the government now owns Bitcoin. You have improvements on the regulatory front, you have institutional adoption.”

According to the Bitwise CIO, the prevailing macroeconomic environment has held Bitcoin back from rallying more strongly.

“You may be wondering, why aren’t prices higher? The reason is we’ve had a bunch of economic uncertainty that’s caused not just Bitcoin but all risky assets to fall. Stocks are down substantially. So the market has dipped but I think over time, as that economic volatility subsides, you’re going to see all that good news catch up to Bitcoin and it’s going to propel it to new all-time highs and indeed above $200,000 for the year.”

On factors that increase the odds of Bitcoin reaching the $200,000 price target, Hougan says,

“Bitcoin’s price is set by supply and demand, and we all know the supply, right. There will only be 21 million, we only make 165,000 new ones a year. So you have to watch the demand.

The three things to watch: are [exchange-traded funds] ETFs gaining inflows? Are corporations like MicroStrategy and Metaplanet continuing to buy Bitcoin? And are governments buying Bitcoin? If those three things happen, I think the $200,000 target is a lock.”

Bitcoin is trading at $102,695 at time of writing.

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Bitcoin To Eclipse $200,000 As Economic Volatility Subsides, Says Bitwise CIO Matt Hougan – Here’s the Timeline

Blockchain tracking platform Lookonchain says a crypto trader has turned less than ten thousand dollars into millions in just one month by betting on a crypto project built in the Solana (SOL) ecosystem.

According to Lookonchain, the unidentified trader purchased the native token of the social finance (SocialFi) crypto project Launch Coin on Believe (LAUNCHCOIN) worth approximately $9,075 and turned it into $4.7 million, a 517x return.

Lookonchain further says another trader, pseudonymously known as Pow, has recorded an over 7x return on LAUNCHCOIN.

“From near zero to $2.7 million — absolute legend!

Three months ago, @traderpow spent 1,466 SOL ($367,000) to buy 17.66 million LAUNCHCOIN, only to watch it crash approximately 99%.

But he held on.

Now, with LAUNCHCOIN breaking a $150 million market cap, his 17.66 million LAUNCHCOIN is worth $2.7 million!”

The blockchain tracking platform is also highlighting a trader who recorded a loss running into hundreds of thousands of dollars following a slump in the price of LAUNCHCOIN about three months ago.

“If this trader had been more patient, he could have made $7.3 million instead of losing $800,000.

Three months ago, he bought 45 million LAUNCHCOIN near the top, spending approximately $828,000.

But shortly after, LAUNCHCOIN crashed by over 90%.

He sold all 45 million LAUNCHCOIN (now valued at $8.2 million) for only $29,000 at a loss of $800,000.”

LAUNCHCOIN is trading at $0.191 at time of writing, up by 7,000% from the May 8th low of $0.00269. LAUNCHCOIN currently ranks 316th by market cap, which is slightly over $195 million.

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Crypto Trader Prints 517x Profit on Solana-Based Altcoin That’s Exploded 7,000% in Just One Week: Lookonchain

The world’s largest crypto exchange platform by volume is adding support for a new decentralized gaming altcoin, launching a price explosion.

In a new announcement, Binance says it’s adding support for Nexpace (NXPC), a recently launched blockchain-based gaming ecosystem associated with the popular South Korean MMORPG (massively multiplayer online role-playing game) MapleStory.

“Binance is excited to announce that Nexpace (NXPC) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”

According to its official whitepaper, NXPC is not only the token used for paying network fees over the blockchains, but it’s also designed to be interchangeable with non-fungible tokens (NFTs) in the MapleStory franchise, controlling their supply.

“NXPC is designed to be interchangeable with NFTs. Players can redeem NXPC for collections of NFTs or exchange these collections back into NXPC. Under this mechanism, the circulating supply of NFTs can be organically controlled…

NXPC is a native token used in MapleStory Universe Layer 1 network for paying gas fees (i.e. network fees).”

Earlier this week, Binance also announced that Nexpace would be added to Binance Alpha, Binance Futures, and Binance HODLer Airdrops, noting that Binance Alpha will be the first platform to feature NXPC.

News of the addition sent NXPC flying, as the altcoin went from a low of $2.01 on May 14th to a peak of $3.77 a day later. The digital asset has since retraced and is trading for $2.53 at time of writing, a 26% rise during the last 24 hours.

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New Decentralized Gaming Token Skyrockets Following Binance Listing

“I don’t think it’s here to stay,” Dave Portnoy said, referring to meme coins—the same corner of crypto he’s often poured fuel on through his social media antics.

Speaking on stage at Consensus 2025 with Tom Farley, CEO of crypto exchange Bullish, the Barstool Sports founder peeled back the layers of his short, chaotic stint in the meme coin world. With his usual brash candor, Portnoy described a journey of sudden windfalls, legal landmines, and the kind of public backlash that might make even the most hardened internet provocateur think twice.

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“I love the rush, I’m a gambler at heart,” he admitted. “But then the smart part of me is like, is it worth the hate?” The conversation was part of a broader discussion about crypto’s culture of speculation and hype, where meme coins — tokens created more for jokes than utility — have captured the imagination of young, risk-hungry traders. Portnoy, who built Barstool into a media empire on viral content and sports gambling, found himself swept into the same digital fever.

It started with SafeMoon, one of the earliest viral tokens of the COVID-era crypto boom. Portnoy saw social media posts about traders making “9,000,000,000%” gains, bought in, made a video mocking its lack of real value — and got sued anyway.

“They basically said SafeMoon paid me to promote them. Total lie. Cost me $20k to get out of the lawsuit.” he said.

Undeterred, he pushed further. Inspired by the idea of launching a Barstool coin and skipping the hassle of going public, Portnoy began researching how meme coins are made. That led him to a developer who pitched a token called Libra, allegedly backed by the president of Argentina.

Portnoy bought $4.5 million worth.

“I was at SNL with Lady Gaga. I was just typing. I'm like, what the hell is going on here?” he said. The developer had told him Elon Musk would tweet about it. Instead, the president disavowed any involvement. “I lost all my money.”

Portnoy says he got lucky — the developer later reimbursed him in full, though he isn’t sure why. “I'm one of the lucky ones, but you know, I'm not going to not take that money back.”

Despite the losses, Portnoy kept dabbling. He launched coins called Greed and Greed 2, leaning into the satire. Another coin, JailStool, emerged from public outrage at his meme coin experiments. Someone else created the token, but Portnoy embraced the name and posted about it. At one point, he claims, a $1,000 investment ballooned to $7 million — within an hour.

“It took me 13 years to make that kind of money at Barstool,” he said.

But what goes up almost always crashes back down. Portnoy says he’s lost track of how many times he’s been accused of “rug pulls,” a term for when insiders dump a coin and leave latecomers with worthless tokens.

He described meme coins as a rigged game, dominated by a core group of early buyers with trading bots and algorithms who know when to exit. “It's the same group of winners and it's the same group of losers.”

That realization seems to have changed his appetite. While he teased the possible launch of Greed 3, he admitted the backlash is harder to stomach in real life. One man confronted him in a Las Vegas casino, claiming he lost $200,000. “It’s all fun and games behind the computer but that reinforces people are losing and making real money, and they're not always taking responsibility for the risk, even though I think they should.”

Despite the money and the memes, he says the meme coin scene is ultimately unsustainable.

“I get why people like it,” he said. “It’s a form of gambling, it’s a Ponzi scheme, I don’t mean that in a negative way.”

Portnoy doesn’t claim to have the answers. But if he’s a weathervane for where meme coin mania might be heading, the forecast looks grim. “I can't imagine it's here to stay. I think it's here to stay for the next four years. What happens after that? I don't know.”





Dave Portnoy Says Meme Coins Are 'Gambling' and Not Built to Last

One county in the United States is launching a guaranteed income pilot program that will hand out a total of $504,000 to low-income residents.

Two nonprofits – Berkshire Taconic Community Foundation (BTCF) and Greater Hudson Promise Neighborhood (GHPN) – have partnered to hand out $500 a month to single parents or caregivers of children aged six and younger who are living in New York’s Columbia County.

The two-year pilot program aims to increase the financial stability of 42 participants, two from each of Columbia County’s 21 towns.

Says BTCF,

“Research on guaranteed income consistently shows particularly strong outcomes for single mothers, who make up most single-caregiver households, and their children. When they receive direct, unconditional financial support, the benefits ripple outward: children are healthier, happier and more prepared for school and life in general.”

Participants will be selected by a lottery that people can enter until it closes on July 1st.

To qualify, residents must have household incomes below 80% of the 2025 Area Median Income (AMI) for Columbia County, which for one single parent with a child is $72,150.

Says BTCF,

“Many families in Columbia County are struggling to meet basic needs, especially single-caregiver households with young children…

259 households in Columbia County are led by single mothers living below the poverty line, and over 700 households receive SNAP (Supplemental Nutrition Assistance Program) benefits…

The median income for single-mother households is $35,268, compared to $120,828 for married-couple families, an $85,000 income gap that constrains opportunity for children growing up in these households…

A renter earning the local average wage of $13.10/hour would need to work 70 hours per week to afford even a modest two-bedroom unit…

The average monthly cost of infant care is $1,999, rivaling rent as one of the largest expenses for working families with young children.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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US County Launches Two-Year Guaranteed Income Pilot Program, Plans To Hand Out $504,000 for Free With No Strings Attached

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up to skyrocket to $120,000 but notes that the crypto king has to make one pit stop before doing so.

In a new thread, pseudonymous crypto analyst Inmortal tells his 232,000 followers on the social media platform X that the top crypto asset by market cap looks primed to shoot up, but not before dipping below the $100,000 price tag once again.

According to the trader’s chart, BTC will take a dip and then subsequently rise to $120,000 sometime during the last week of May.

Moving on to the second-largest crypto asset by volume, the trader says that Ethereum (ETH) season is just about to begin, and investors should position themselves accordingly.

He also notes that those who chose to purchase meme coins over Solana (SOL), Ethereum’s biggest rival, have yet to notice.

“Bitcoin is at all-time high levels and ETH season is about to start. ‘They’ (those who bought SOL memes and disappeared one week later) still haven’t seen it. Position yourself accordingly.”

The trader’s chart appears to indicate that ETH could rise greatly against BTC during the second half of the year before crashing back down, albeit still at a new local high.

“Imagine if ETH [does] this. No one expects it, and everyone would chase it.”

Bitcoin is trading for $102,519 at time of writing, a fractional decrease during the last 24 hours, while Ethereum is valued at $2,513, a 2.2% decrease in the last day.

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Bitcoin Primed To Skyrocket to $120,000, According to Crypto Analyst – But There’s a Catch

Citibank is reportedly refusing to reimburse tens of thousands of dollars that mysteriously disappeared from a customer’s bank account.

A total of $40,000 was transferred from 88-year-old Lois Nadler’s account to an account in Hong Kong about nine months ago, reports News 12.

The bank says Nadler herself moved the money in a single transaction.

But Nadler, who lives in Bayville, New York, says she didn’t authorize the transfer.

“I go to my checking account. It is wiped out.

They [Citibank] told me that I made a phone call and I transferred to my friend in their Hong Kong branch $40,000. It was done by phone by me so there was nothing they could do about it.”

The money in Nadler’s Citibank account was donations from friends and family to pay for her granddaughter’s surgery.

A spokesperson at the bank says investigators are reviewing the case.

Citibank is currently facing litigation over its security measures.

In April of last year, New York Attorney General Letitia James filed a lawsuit against Citibank, accusing the trillion-dollar lender of having “lax security procedures” and doing nothing to stop fraudulent transactions even after being alerted by customers.

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$40,000 Abruptly Drained From Citibank Account in Massive Transaction – Bank Claims Customer Triggered Transfer, Denies Reimbursement: Report

Shares of the Israel-based retail trading firm eToro are surging after the Robinhood rival went public on Wednesday.

The firm’s new ETOR shares, now trading on the Nasdaq Exchange, are up more than 30% on their first day of trading and are priced at $67.66 at time of writing.

eToro raised nearly $620 million via an upsized initial public offering (IPO) of 11,923,018 Class A common shares priced at $52.00, half of which were sold by the company and half by large shareholders. The IPO was initially expected to price between $46.00 and $50.00 per share.

The firm, which launched in 2007, tried to go public in 2021 through a $10.4 billion deal with a Special Purpose Acquisition Company (SPAC) but eventually canceled the plans after the implosion of SPACs. Plans for an IPO earlier this year were delayed after President Donald Trump rolled out a slew of tariffs in early April, Bloomberg reports.

The trading platform’s crypto-friendly features have previously gotten it into hot water with American regulators: Last September, eToro agreed to pay $1.5 million in penalties to the U.S. Securities and Exchange Commission (SEC) and limit its digital asset trading options to Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). The firm didn’t admit or deny responsibility but faced charges that it had operated as an unregistered crypto broker and clearing agency since 2020.

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Robinhood Rival eToro Goes Live on Nasdaq After Raising $620,000,000 in IPO

TORONTO —Eric Trump, the son of U.S. President Donald Trump, said he believes bitcoin is digital gold and called the largest digital currency a store of value, during a packed panel at Consensus 2025 in Toronto.

"I really believe in digital gold, which is bitcoin, right? I believe in the store of value," Trump said.

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However, Eric Trump — who has a background in real estate — told the crowd at CoinDesk's Consensus 2025 conference in Toronto that he didn't get into bitcoin or crypto until politics intertwined the Trump family and the crypto community.

"It wasn't until the very same group that was attacking my family for no reason whatsoever other than political beliefs, started attacking [the] crypto community that it really drove two people who might not have always been like-minded together and that partnership has been absolutely amazing," he said Thursday.

Aside from politics, he also realized real estate is not as liquid as bitcoin, which has better liquidity and was easier to transact, solidifying his belief in the digital currency. "I also realized, kind of, through some of that political weaponization, you know, some of the limitations of real estate. Real estate has created tremendous wealth for our family. At the same time, real estate can't be transferred. It's very hard to sell," he said.

"I sold a hotel two years ago. It took me a year and a half to literally transact that hotel because you have title reports and you have managers that have to go in, and you have best proliferations. You do all sorts of things," Trump said. "... You constantly have to manage it. You constantly have to watch operations, right? And then all of a sudden, you've got this kind of digital asset which you don't need to watch, you don't need to manage. You know, it's easy to transact on."

Trump is the co-founder and chief strategy officer of American Bitcoin, a Bitcoin mining firm founded in partnership with Hut 8 and slated to go public via a merger with Gryphon Digital Mining (GRYP).

The Gryphon partnership came about from a desire to take the American Bitcoin partnership public as quickly as possible, said Hut 8 CEO Asher Genoot on stage alongside Trump to a standing-room only crowd. An existing mining business was a key part of that plan as well as getting 'American' and 'bitcoin' as part of the company name.

"American Bitcoin, to me, is everything, you know. And I we came up with the name, I said one thing. I said, Listen, it has to have the word American, and it has to have the word Bitcoin in it," Trump said.

BTC News: Eric Trump Says He Got Into Crypto Amid Political Attack, Calls Bitcoin 'Digital Gold'

A widely followed analyst says that Ethereum (ETH) may be gearing up for an explosive move to the upside.

In a new thread, crypto trader Michaël van de Poppe tells his 786,500 followers on the social media platform X that ETH may first dip to the $2,233 support level on the daily chart before increasing more than 56% of its current value.

“ETH has hit a higher timeframe resistance zone and that requires to have a build-up before it can break upwards. Sub $2,400 is a massive opportunity to get yourself [in] before this runs above $4,000.”

The analyst also says that ETH is likely in an uptrend against Bitcoin (ETH/BTC) on the weekly chart after printing a similar 2019 bottoming pattern.

“A gentle reminder that the previous bottom for ETH was in September 2019. After that, a bull market of 826 days took place. Right now, ETH has likely bottomed some weeks ago. That’s just 21 days behind us, that doesn’t mean we’ll end the bull in the next 50 days.”

ETH/BTC is trading for 0.02480 BTC ($2,558) at time of writing, down 1.16% in the last 24 hours.

Lastly, the analyst says that if ETH starts breaking out, the broader altcoin market may soon follow.

“If this happens on ETH, that would signal a lot of potential upside to come for the entire altcoin market. Buy the dip opportunity.”

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Ethereum Building Up Momentum Before a Massive Breakout, Predicts Michaël van de Poppe – Here Are His Targets

Coinbase, the largest US-based crypto exchange by trading volume, is disclosing a $400 million hack that relied on bribing exchange employees.

In a cybersecurity incident report to the U.S. Securities and Exchange Commission (SEC), Coinbase estimates up to $400 million in losses after hackers bribed multiple employees to share information about customer accounts and internal Coinbase documentation.

“While the Company is still investigating the affected data, it included:

Name, address, phone, and email;

Masked Social Security (last 4 digits only);

Masked bank-account numbers and some bank account identifiers;

Government-ID images (e.g., driver’s license, passport);

Account data (balance snapshots and transaction history); and

Limited corporate data (including documents, training material, and communications available to support agents).”

Coinbase learned of the hack by receiving a May 11 email demanding a $20 million Bitcoin (BTC) payoff to prevent the hackers from releasing the illegally obtained info.

Coinbase says that the employees involved have been fired, that the firm will not pay the hackers’ ransom and that it is cooperating with law enforcement in the investigation.

In a video posted to the social media platform X, CEO Brian Armstrong promises Coinbase will pay back those affected, increase cyberattack defenses, and relocate certain overseas customer support operations. Armstrong claims that the bribed Coinbase employees were all “overseas support agents”.

Coinbase (COIN) stock has fallen over 4% since the news broke.

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Si Trump ay Subaybayan pa rin na Pumirma sa Crypto Legislation Sa Agosto, Sabi ni Bo Hines ng White House

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