Dig Deeper, Invest Smarter
Bitget Wallet has teamed up with payments leader Mastercard and infrastructure provider Immersve to launch a new crypto-linked card that allows users to make payments directly from their digital wallets at the more than 150 million merchants that accept Mastercard globally. The product aims to drive ease of use and efficiency in the crypto card
The post Bitget Wallet Partners with Mastercard and Immersve to Introduce Zero-Fee Crypto Card appeared first on CoinGape.
The post Firing Powell Could Set Dangerous Precedent and Hurt Crypto, Warns Pompliano appeared first on Coinpedia Fintech News
Crypto investor Anthony Pompliano recently criticized President Trump’s recent threat to fire Fed Chair Jerome Powell, and warned that such a move would undermine the institutional independence of the Fed and set a bad precedent, particularly for Bitcoin, stocks and hurt the global confidence in US economy.
“I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he said. “The idea of firing the Fed chairman is a very bad precedent to set this way.”
Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status?
I answer your questions
pic.twitter.com/S7Q6hANR3H
— Anthony Pompliano
(@APompliano) April 18, 2025
Pompliano’s comments come after Trump called out Powell on his truth Social post for not cutting the interest rates soon, as he said “Powell’s termination cannot come fast enough!” He noted that the Fed already seems political to some and warned that firing Powell could only make things worse.
Anthony, despite being a known critic of the Fed himself, remarked that it’s wrong to fight wrongdoing with more wrongdoing. He stressed that protecting the Fed’s independence is more important than the short-term gains. While he acknowledged that rate cuts often boost crypto markets, especially Bitcoin, he emphasized that such gains shouldn’t come at the cost of damaging a key financial institution.
Senator Elizabeth Warren also warned that firing the Fed Chair could seriously hurt investor confidence and crash the markets. In an interview with CNBC, she said that if the Fed is seen as controlled by the President, then it could harm the US economy and make America look like any other “two-bit dictatorship” instead of a stable democracy.
“A big part of our economy strong, and a big part of the world economy strong, is the idea that the big pieces move independently of politics,” Warren said during an appearance on CNBC.
Pompliano agreed with the concerns, warning that such a move sets a dangerous precedent where future monetary policy decisions might be driven by politics rather than data. If investors begin to believe the Fed is no longer impartial, the consequences could be serious, he says.
Earlier this week, Powell said that it’s time for clear rules on stablecoins and acknowledged that digital assets are now firmly on the Fed’s radar. In a speech at the Economic Club of Chicago, he said, “The climate is changing,” highlighting crypto’s growing role in the financial system.
Trump and some Republicans have renewed pressure to remove Powell over his cautious stance on rate cuts. The Fed last cut rates in December 2024. While Powell insists on seeing clear signs of falling inflation before making any moves, Trump is concerned that other central banks like the ECB have already cut rates multiple times in 2025.
At the same time, experts believe that if the US dollar weakens due to the uncertainties, it could actually help Bitcoin. They believe that a weaker dollar could drive more people to invest in crypto to protect their money.
Pompliano warned that this would undermine the Fed’s independence and hurt investor confidence, particularly in Bitcoin and global markets.
Trump criticized Powell for not cutting rates quickly enough, and is frustrated that other central banks have already made cuts.
The post Firing Powell Could Set Dangerous Precedent and Hurt Crypto, Warns Pompliano appeared first on Coinpedia Fintech News
Crypto investor Anthony Pompliano recently criticized President Trump’s recent threat to fire Fed Chair Jerome Powell, and warned that such a move would undermine the institutional independence of the Fed and set a bad precedent, particularly for Bitcoin, stocks and hurt the global confidence in US economy. “I do not believe that the President of …
As we enter the first week of July 2025, the crypto market is gearing up for a series of significant token unlocks. Among the standout projects unlocking tokens are Sui (SUI), Ethena (ENA), and ZetaChain (ZETA).
These unlocks represent a crucial shift in token supply, which could lead to market volatility and potentially influence price movements in the short term.
Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.
On July 1, the network will release 44 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $122.3 million and represent 1.3% of the current circulating supply.
The unlocked tokens will be split 4 ways. The largest share, totaling 19.32 million SUI, is earmarked for Series B. Community Reserve will receive 12.63 million tokens. Early Contributors will gain 9.98 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.
Meanwhile, SUI’s value has appreciated 11.3% over the past week. However, as the unlock nears, the price is down 1.4% over the past day.
Ethena is a decentralized protocol built on the Ethereum blockchain. It provides a crypto-native alternative to traditional stablecoins. The protocol’s primary offering is USDe, a synthetic dollar stablecoin. Meanwhile, ENA is Ethena’s governance token.
The protocol will unlock 40.63 million tokens worth $10.9 million. The Foundation will receive all of the unlocked tokens, which account for 0.67% of the circulating supply.
The token unlock comes amid ENA’s less-than-strong start to the week. It dipped 0.2% over the past day. However, weekly gains stood strong at 10%.
ZetaChain is a blockchain that enables interoperability across various blockchain ecosystems, including those without native smart contract support, like Bitcoin and Dogecoin. It aims to unify the fragmented blockchain space.
On July 1, the network will release 44.26 million ZETA tokens, valued at $7.9 million. Core Contributors and the Protocol Treasury will get 13.13 million ZETA and 12.83 million ZETA, respectively.
Purchasers and Advisors will receive 9.33 million ZETA. The network has also allocated 5.25 million tokens to the Ecosystem Growth Fund.
The User Growth Pool will gain 2.63 million ZETA. Finally, 1.09 million tokens will be kept for Liquidity Incentives.
Similar to the other two altcoins, ZETA has also seen minor declines of 0.6% over the past day while rising 8.0% in the last seven days.
In addition to these three, Neon (NEON), Renzo (REZ), and dydx (DYDX) will also experience new supply entering the market. Over the next seven days, the market will welcome tokens worth more than $484 million.
The post 3 Token Unlocks to Watch in the First Week of July 2025 appeared first on BeInCrypto.
Bitcoin broke a new all-time high as its market capitalization rose to $2.096 trillion, which places it above Google’s parent company in the global asset rankings. The feat is achieved as BTC is trading just below $105,000. Bitcoin Overtakes Silver and Google in Market Capitalization Bitcoin has risen to sixth place in world asset rankings by market capitalization, ahead of Alphabet (Google) and silver. Recent data by 8marketcap places the flagship crypto at a combined market capitalization worth $2.096 trillion, compared to Google’s $2.028 trillion and Silver’s $1.844 trillion. BTC has shown brilliant performance with 2.56% increase in the past 24 hours and 2.66% increase in the past week. Such upward momentum is contrary to some of the traditional assets leading the list that have shown weekly declines. They are Apple (-1.95%), Amazon (-2.46%), and Silver (-1.10%). Source: 8marketcap Bitcoin’s price movement in recent days has been quite stable, as… Read More at Coingape.com
The post Bitcoin Market Cap Breaks All Time High; Moves Past Silver and Google appeared first on CoinGape.