Dig Deeper, Invest Smarter
Top Pi community member Mr Spock has urged the project’s core team to implement aggressive buyback and burn strategies to preserve the Pi coin price. The remarks come as the token, which has struggled to recover from steep drops from its peak, is under increasing market pressure. Expert Pushes for Aggressive Pi Coin Supply Control
The post Is A Pi Network Price Recovery Possible- Expert Shares Key Strategy appeared first on CoinGape.
Senator Elizabeth Warren is concerned that political interference is driving the SEC’s latest crypto decisions. Paul Atkins, the newly appointed Chairman of the SEC, has promised to prioritize clear and transparent regulatory frameworks for the crypto industry.
His pledge marks a significant shift in direction for the agency following years of controversy.
During an April 25 roundtable organized by the SEC’s crypto task force, Atkins stressed the urgent need for transparent rules to support innovation and responsible growth.
“This is important work as entrepreneurs across the United States are harnessing blockchain technology to modernize aspects of our financial system. I expect hug benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation. Market participants engaging with this technology deserve clear regulatory rules of the road,” Atkins stated.
Meanwhile, Atkins openly criticized the SEC’s previous leadership under former Chairman Gary Gensler. He stated that a lack of clear policy stifled industry development and pushed key players to the edge.
Under Gensler, the SEC pursued an aggressive enforcement strategy, filing lawsuits against major players including Coinbase, Ripple, and Binance.
Now, Atkins has vowed to correct past missteps. He committed to working closely with Congress and President Donald Trump to create a regulatory structure that fits the unique characteristics of digital assets.
Early signs of this shift are already visible, with the SEC beginning to dismiss several enforcement actions initiated during the previous administration. The Commission has also established a dedicated crypto task force to collaborate with industry stakeholders on shaping future policy.
While Atkins seeks to reset the SEC’s approach to crypto oversight, concerns are mounting over the agency’s independence.
On April 25, Senator Elizabeth Warren seriously questioned the agency’s independence under President Trump’s leadership. She pointed to Trump Media & Technology Group’s (TMTG) efforts to launch crypto-backed ETFs with Crypto.com as a potential conflict of interest.
The senator expressed particular concern that Trump could personally benefit from products requiring SEC approval, describing the situation as an unprecedented ethical risk.
“The President has attempted to assert his dominance over decision-making at independent agencies like the SEC through executive orders and firings, putting further pressure on the Commission to fall in line,” the lawmaker stated.
Warren also flagged risks linked to World Liberty Financial, a crypto project tied to Trump’s family, which recently revealed plans for a new stablecoin.
She emphasized that pending legislation may soon give the Federal Reserve and the Office of the Comptroller of the Currency more oversight powers. Trump reportedly seeks greater control over these two agencies.
Given these risks, Warren requested detailed records from the SEC, including internal assessments and communications with the White House.
She stressed that these measures are necessary to safeguard decision-making and maintain the credibility of financial markets.
The post Elizabeth Warren is Concerned About SEC Independence Amid Crypto Reforms appeared first on BeInCrypto.
The XRP price has reached a new all-time high, exceeding its previous record from eight years ago. This increase in value comes as the GENIUS Act is sent to President Trump for approval, indicating a possible change in how cryptocurrency is regulated in the U.S. XRP Breaks 8-Year Slump With New ATH XRP price reached
The post XRP Hits New All-Time High As Trump Prepares to Sign GENIUS Act appeared first on CoinGape.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we dissect Bitcoin’s place in mainstream finance. The narrative of the pioneer crypto decoupling from traditional equity markets gains significant attention, but is it ready for the next step?
BeInCrypto’s recent US Crypto News series in April explored whether the digital gold narrative was breaking down as Gold ascended to new highs while Bitcoin lagged.
The report came after extensive advocacy for Bitcoin as digital gold, with many presenting it as a safe-haven asset against negative market price movements.
“Primary use case for Bitcoin seems to be a store of value, aka ‘digital gold’ in a decentralized finance (DeFi) world,” the US Treasury stated recently.
However, recent findings beg the question: Is that time finally here? BeInCrypto contacted RedStone to ask: Is Bitcoin a hedge for traditional markets?
The response was insightful, with key takeaways from Marcin Kazmierczak, co-founder and COO of the leading cross-chain data oracle provider RedStone. According to Kazmierczak, data support Bitcoin’s role as a portfolio diversifier.
Kazmierczak cited analysis of Bitcoin and S&P 500 data from the past 12 months of open American market days. They analyzed on weekly and monthly timeframes.
For the 7-day correlation, which provides a more short-term outlook, they noted F periods when BTC exhibited a strong negative correlation with the American stock markets.
“These are the periods when many called for BTC’s decoupling from the broader markets,” he explained.
However, the 7-day aggregation is a short-term metric, making it susceptible to influence from market noise. The 30-day chart provides a clearer representation.
This timeframe reveals several shifts between modest positive, near-zero, and slightly negative correlations throughout the 12 months.
He explained that Bitcoin exhibited variable correlation with the S&P 500 (SPX) over the past year.
This variance, he said, does not support positioning Bitcoin as a replacement for traditional hedges like gold or bonds.
“With correlations ranging from -0.2 to 0.4, Bitcoin demonstrates a variable relationship with equities rather than providing the consistent negative correlation truly needed for effective portfolio protection,” Kazmierczak told BeInCrypto in the interview.
He observed that institutional players still fundamentally classify Bitcoin as a risk-on asset. According to Kazmierczak, this range indicates that Bitcoin operates with periodic independence from traditional equity markets.
He believes the correlation is generally modest enough to provide portfolio diversification benefits. However, the variance nullifies Bitcoin from functioning as a reliable counter-movement hedge.
“This relationship puts Bitcoin in a diversifier category rather than a haven asset… Bitcoin can add diversity to a portfolio but won’t reliably protect against stock market crashes since it doesn’t consistently move in the opposite direction,” he added.
Nevertheless, the RedStone executive articulated that if Bitcoin truly transitions to being treated as a safe-haven, risk-off asset, it would mark the most profound asset narrative transformation in modern financial history.
“I believe that’s possible. But not in such a short timespan as crypto believers would like it to be,” Kazmierczak concluded.
The chart suggests Bitcoin’s performance has often diverged from traditional equity markets, especially in 2024-2025.
However, this does not definitively indicate a permanent decoupling or consistent negative correlation with equities.
While Bitcoin outperformed at times, it still shows periods of correlation with the S&P 500, indicating its role in portfolio protection remains uncertain and context-dependent.
A recent US Crypto News publication indicated what could pass as context for these variations. BeInCrypto cited political tension and concerns over the Federal Reserve’s (Fed) independence.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of May 6 | Pre-Market Overview |
| Strategy (MSTR) | $385.60 | $396.94 (+2.94%) |
| Coinbase Global (COIN) | $196.89 | $200.79 (+1.98%) |
| Galaxy Digital Holdings (GLXY.TO) | $25.90 | $25.30 (-2.3%) |
| MARA Holdings (MARA) | $13.15 | $13.60 (+3.42%) |
| Riot Platforms (RIOT) | $7.86 | $8.10 (+3.05%) |
| Core Scientific (CORZ) | $8.99 | $9.19 (+2.22%) |
The post Bitcoin Isn’t Ready to Replace Gold or Bonds, Analyst Warns | US Crypto News appeared first on BeInCrypto.