Las Vegas, May 27–29 – David Sacks, the White House Director of Cryptocurrencies and Artificial Intelligence, will headline the Bitcoin 2025 Conference on May 27, joining Gemini CEO Cameron Winklevoss for a discussion on Bitcoin and crypto policy. The three-day event, held at the Venetian Conference Center in Las Vegas, will convene industry leaders amid growing regulatory scrutiny.
Lawmakers Demand DOJ Probe Into Trump’s Memecoin Dinner
Washington, D.C. – Thirty-five U.S. House representatives have called for a Department of Justice (DOJ) investigation into a May 22 dinner hosted by former President Donald Trump for prominent memecoin investors. In a letter to the DOJ’s Public Integrity Division, lawmakers raised concerns over “foreign influence on U.S. policy” and potential violations of federal bribery laws, citing reports that most attendees were foreign nationals.
The event promoted the $TRUMP memecoin, offering exclusive access to Trump. Critics argue this could enable foreign entities to buy political influence anonymously, circumventing U.S. campaign finance laws.
Market Snapshot (As of press time, via CoinGecko)
- BTC: $107,569 (-3.5%)
- ETH: $2,529.48 (-5.8%)
- BNB: $661.60 (-3.9%)
- SOL: $174.21 (-5.0%)
- DOGE: $0.2272 (-8.7%)
- XRP: $2.32 (-5.8%)
Policy: Treasury Eyes SLR Rule Repeal by Summer
U.S. Treasury Secretary Basent signaled regulators may scrap the Supplementary Leverage Ratio (SLR) rule this summer, easing capital requirements for banks trading U.S. Treasuries. The Fed, OCC, and FDIC are reportedly finalizing the move, which could lower Treasury yields by “tens of basis points.”
Blockchain & Crypto Developments
TokenFi Launches RWA Platform: Floki’s tokenization arm unveiled a compliance-focused platform for real-world asset (RWA) on-chain integration.
Alchemy Acquires HeyMint: The Web3 infra giant bought no-code NFT platform HeyMint to streamline user onboarding. Terms were undisclosed.
Celestia Adopts Hyperlane: The modular blockchain will use Hyperlane to enable TIA token interoperability across Ethereum, Solana, and Layer 2 networks.
Enterprise Bitcoin Demand Outpaces Supply 3:1
Per Bitwise, corporate Bitcoin purchases in 2025 (205,507 BTC) have tripled new supply (64,556 BTC). The figures exclude private firms, suggesting even higher institutional accumulation.
TRUMP Coin Sell-Off: On-chain data reveals most dinner attendees dumped or transferred holdings pre-event, with average balances dropping from4.78Mto2.11M.
Russia’s Mining Boom: The country now ranks 2nd globally in Bitcoin mining output, with BitRiver and Intelion controlling 50% of the market. Revenue hit $200M in 2024.
DDC’s Bitcoin Reserve Plan: The NYSE-listed firm acquired 21 BTC (worth $2.28M) via stock issuance, with 79 more BTC planned to reach a 100-BTC reserve.
Polygon Co-Founder Departs Amid Leadership Shakeup
Mihailo Bjelic, Polygon’s third co-founder to exit, stepped down from the Polygon Foundation board, citing diverging visions. The move follows Polygon 2.0’s rollout, including MATIC-to-POL token migration.
Macroeconomic Shifts
Trump’s EU Tariff Threat: The U.S. will impose 50% tariffs on EU goods starting June 1, targeting auto trade imbalances. Exemptions may apply to EU manufacturers operating stateside.
Dollar Hits 18-Month Low: The Bloomberg Dollar Index fell 0.7% Friday, hitting December 2023 levels amid tariff risks and fiscal deficit concerns.
Explainer: What Is RISC-V?
RISC-V is an open-source processor architecture designed for modular, cost-efficient computing. Gaining traction in blockchain, it underpins Ethereum’s proposed EVM replacement to boost scalability. Vitalik Buterin endorsed the shift in April 2025, calling RISC-V a “radical” upgrade for execution-layer speed.
Related Topics:
