Donald Trump is preparing to host up to 220 people at his golf club, with access tied to his memecoin purchases. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.” In a May 22 notice, Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US president, vice president, members of Congress and their families from engaging in “crypto crime.” The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin (BTC) reserve as his sons back a BTC mining venture. “Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding: Re...
Bitcoin bull market momentum is in full force as US jobless claims fail to spark cold feet on risk assets — and a "bigger move" on BTC is expected. Key points: Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session. Read more
Low funding rates and the absence of overly euphoric investor sentiment accompanied Bitcoin’s rally to new all-time highs, suggesting that much higher prices are in store. Key takeaways: Bitcoin’s rally to new price highs happened as funding rates and trading sentiment remained unusually subdued. Rising stablecoin supply and global M2 growth indicate untapped liquidity and the potential for further price increases. Read more
DeLorean is launching an onchain reservation system and marketplace on Sui, giving users priority access to its upcoming electric vehicle. DeLorean launched an onchain reservation system and non-fungible token (NFT) marketplace for its upcoming electric vehicle launch, introducing a new blockchain-based approach for reserving and reselling cars. According to DeLorean, its Build Slot NFT collection grants holders priority access to purchase DeLorean’s upcoming electric car, Alpha 5 EV. The model is the carmaker’s first vehicle in over 40 years, inspired by the iconic flux capacitor from the movie Back to the Future. The company created an exclusive marketplace for its NFT holders, in which users can buy or trade the NFTs using the USDC (USDC) stablecoin on the Sui network and will be able to earn rewards. Read more