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Major stock indexes slumped between 2.81% and 5.04% on Thursday in the wake of Wednesday’s afternoon rally. The crypto sector retreated by 3.54%, with bitcoin ( BTC) trading below the $80,000 threshold. Simultaneously, gold gained 2.58% over the past 24 hours, rising to $3,164 per ounce by 2:30 p.m. Eastern Time. In a recent video, Strike CEO Jack Mallers expressed a strong belief in bitcoin’s potential to decouple from traditional financial markets. He said that this was primarily because bitcoin is not tied to earnings like stocks or companies. Mallers argues that as countries and investors seek scarce reserve assets amidst economic uncertainty, bitcoin — alongside gold — will become increasingly attractive. Mallers advises bitcoiners to stay calm during market volatility, emphasizing the importance of understanding the nature of what they own. “Understand what you own,” Mallers explained. “Understand what we’re living through right now. Let the stock market puke and figure itself out.” He criticized Wall Street, describing it as filled with over-leveraged hedge fund managers who panic at minor market downturns and immediately call for bailouts. Mallers contrasts this with President Trump’s policies. Mallers insisted: Trump means business, whether you like it or not. Trump wants to help the poor American. Trump wants to create factory jobs. Trump wants to produce stuff here. Trump wants to fix the deficit problem. Mallers believes these policies, along with the need to stimulate the economy, will lead to significant money printing by the government. This debasement of fiat currency, according to Mallers, will be highly beneficial for bitcoin. As governments print more money to manage debt and economic challenges, the value of fiat currency will be debased, while bitcoin, being a scarce digital asset, will see its price surge dramatically. Mallers concluded: They’re gonna have to print so much money — they’re gonna have to. Bitcoin is really priced with how much fiat currency is sloshing around in the world. And in order for all of this to play out and work, we have to debase our currency, we have to devalue our debt, and we have to create more fiat. It’s gonna send bitcoin nuclear. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts. This huge user base has led the country’s top traditional banks to push lawmakers for regulatory changes that they say currently block fair competition and limit innovation in the digital asset space, as per a report from local news outlet Money Today . At a high-level meeting held this week, executives from the nation’s largest financial institutions—KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, Jeonbuk Bank, and internet-only Toss Bank—urged lawmakers from the ruling People Power Party to revisit the one-to-one partnership rule between banks and crypto exchanges. Woori Bank’s President Jung Jin-wan argued that local exchanges should be allowed to partner with multiple banks, citing consumer limitations and institutional demand. Under current law, each crypto exchange in South Korea must partner exclusively with one bank to offer fiat-to-crypto services, a regulation aimed at preventing money laundering and ensuring real-name verification. While effective in enforcing accountability, critics argue that it has created an uneven playing field, allowing some banks to reap massive user growth while others are left out. Related: Survey: Nearly 50% of Korean Investors Expect US Tariffs to Harm Crypto Market and Drive Price Drops The prime example cited is K-Bank. The neobank that partnered with top exchange Upbit in 2020, saw its user base skyrocket from 2.19 million to 6.6 million in a single year. As of late 2024, that figure had nearly doubled to 12.7 million. This outsized growth, enabled by regulatory exclusivity, has made the current framework a contentious issue among South Korea’s major banking players. Data obtained by opposition lawmaker Cha Gyu-geun and reported by Yonhap reveals that South Korea’s crypto user base surpassed 16 million following US President Donald Trump’s election win last November. That number represents nearly one-third of the country’s population, with holdings totaling more than 102.6 trillion won ($70.3 billion). Analysts are predicting the figure could hit 20 million by year-end, despite concerns of market saturation. Related: Google Play Store Boots Unregistered Exchanges in South Korea On the other hand, a recent report from the country’s Ethics Commission for Government Officials revealed that more than 20% of high-ranking public servants hold crypto assets, averaging 35.1 million won ($24,000) each. The disclosures—totaling 14.4 billion won ($9.8 million) across 411 individuals—include holdings in mainstream tokens such as Bitcoin, Ethereum, XRP, Dogecoin, and LUNC. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S. U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets. In his remark to the committee, House Financial Services Committee Chairman French Hill commended the committee’s “bipartisan efforts to bring clarity and stability” to crypto assets. He also stated that he hoped that there would be meaningful legislation by the end of 2025. WATCH: Chairman @RepFrenchHill delivers opening remarks at today’s Subcommittee hearing: "It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets." 📺⬇️ pic.twitter.com/sEg0jHeshS “It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets… I look forward to hearing from our whitnesses today, and working with coleagues to get this across the finishline this year,” Rep. French Hill Despite offering criticism to the SEC, especially under Gary Gensler, committee members highlighted the SEC’s role in regulation. Subcommittee chairman Bryan Steil stated that the SEC would have a role in regulating token offerings. “At the same time, the Committee feels strongly that there is a role for the U.S. Securities and Exchange Commission to play in the digital asset ecosystem. For example, the Committee believes that issuers raising capital through the sale of new digital assets should fall under the jurisdiction of the SEC,” Rep. Bryan Steil This would likely not include memecoins, as the SEC, already under Gensler, ruled that memecoins were not securities. The rationale was that memecoins had no utility and are more akin to collectibles. The committee did face opposition, especially when Rep. Maxine Waters took the floor. She accused the members of the committee of favoritism toward Donald Trump’s crypto ventures, enabling him to become “crypto king.” The hearing is a part of the latest regulatory push to give clarity to crypto assets in the U.S. For instance, on May 22, the U.S. House passed the Financial Innovation and Technology for the 21st Century Act with bipartisan support.

Exaion, a subsidiary of French electric utility giant EDF Group, is now a validator of Etherlink, the Tezos-powered layer 2 blockchain. Exaion, which offers high-performance computing and cloud solutions for blockchains, has joined Etherlink, an Ethereum ( ETH ) Virtual Machine compatible L2 powered by Tezos ( XTZ ) smart rollups, as validator. The move follows a key milestone that saw Exaion join Tezos as a corporate baker in October 2020. As an EVM -compatible layer 2 platform, Etherlink enables non-custodial and seamless integration with Ethereum tools, leveraging Tezos’ rollup technology for scalability and accountability. Integration across the Ethereum ecosystem includes wallets and indexers. The layer 2 chain, which launched in late 2024, also connects to other EVM-compatible chains. “By joining Etherlink as a Smart Rollup node operator, we can play a role in maintaining network security while providing a high-quality digital service to anyone using the chain,” said Fatih Balyeli, chief executive officer and co-founder of Exaion. “We’re proud to continue supporting Tezos, an example of French technological ingenuity that aligns with our own mission.” Exaion’s move to become an Etherlink validator comes as the Tezos L2 blockchain solution gains traction just months after going live. Etherlink has attracted projects such as money market funds platform Spiko and Coinbase-backed real-world assets platform Midas. Other platforms are also testing various use cases on the L2, including tokenized assets and contract deployments. Exaion’s launch of validator operations for the network adds to overall stability and decentralization as growth continues. “Rollup security relies on the presence of at least one honest validator,” said Arthur Breitman, co-founder of Tezos. “So the more reputable parties validating the Etherlink rollup, the more robust it is.”

$PALM - Lowest it's been post migration. A 2x just to get it back to prices a few months ago. Easy relief bounce play that won't take much momentum.