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Barely a week after minting 1 billion USDT, Tether has announced the minting of 2 billion USDT on the Tron blockchain. While the new mint has sent tongues wagging, Tether says the mint forms part of a routine operational procedure and is not a reaction to the recent geopolitical crisis as Bitcoin reclaims $100K. Tether
The post Tether Mints 2 Billion USDT On Tron As Bitcoin Climbs Above $100K appeared first on CoinGape.
The post Joseph Stiglitz Warns: Trump’s Crypto Policies Could Turn U.S. Into “Biggest Tax Haven in History” appeared first on Coinpedia Fintech News
Nobel Prize-winning economist Joseph E. Stiglitz has issued a sharp warning: Donald Trump’s policies are pushing the United States toward becoming the world’s largest tax haven. And for the crypto community, the consequences could be enormous.
Stiglitz argues that Trump’s administration weakened financial transparency by halting the collection of company ownership data, withdrawing from global tax cooperation, easing crypto regulations, and scaling back anti-money-laundering enforcement.
In particular, Trump’s executive order to create a strategic cryptocurrency reserve and the appointment of a crypto advocate to lead the SEC have raised major red flags. According to Stiglitz, these actions make the U.S. an attractive destination for hidden crypto transactions.
Stiglitz warns that the rise of underregulated crypto exchanges, online casinos, and anonymous platforms under Trump could fuel the global illicit economy, making money laundering and tax evasion easier than ever.
While crypto investors might see fewer regulations as an opportunity, Stiglitz stresses that unchecked crypto activity could seriously threaten long-term financial stability.
Trump’s crypto policies are just part of a larger effort to dismantle financial safeguards, Stiglitz says. Cutting IRS staffing, reducing tax enforcement, and offering major corporate tax breaks could slash U.S. tax revenue by $2.4 trillion over the next decade.
Meanwhile, tariffs on imports have burdened ordinary Americans while benefiting a wealthy few, further widening the wealth gap — and crypto assets, Stiglitz warns, are increasingly becoming a tool for tax avoidance.
As the U.S. loosens its grip, over 50 countries are advancing a 15% global minimum corporate tax to promote fairness and accountability. Stiglitz suggests that America’s retreat could ironically strengthen global efforts for fairer taxation.
Joseph Stiglitz’s message is clear: Trump’s crypto deregulation could transform the U.S. into a magnet for offshore wealth, but at the cost of financial stability and global trust.
For crypto investors, the short-term gain of less regulation could come with long-term risks that are impossible to ignore.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Joseph Stiglitz Warns: Trump’s Crypto Policies Could Turn U.S. Into “Biggest Tax Haven in History” appeared first on Coinpedia Fintech News
Nobel Prize-winning economist Joseph E. Stiglitz has issued a sharp warning: Donald Trump’s policies are pushing the United States toward becoming the world’s largest tax haven. And for the crypto community, the consequences could be enormous. Trump’s Crypto Moves Raise Alarm Bells Stiglitz argues that Trump’s administration weakened financial transparency by halting the collection of …
The post Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout appeared first on Coinpedia Fintech News
In the past 48-hours, Cardano price faced rejection at the channel’s upper border, coinciding with renewed trade pressures. As, Donald Trump’s announcement of a 50% tariff on the European Union, effective June 1, has reignited concerns.
Despite this looming threat, ADA’s price has remained stable, indicating that the market has adjusted to such sentiments, with investors showing less volatility. Some experts even suggest that ADA’s current consolidation pattern may lay a healthier foundation for a potential breakout toward the $1 range.
Additionally, this week, Messari released its Q1 report, highlighting some positive metrics despite Cardano’s financial challenges. The report indicates that the community remains resilient, focusing on long-term growth and stability. Keep reading to know more.
Cardano’s price has been caught in a lengthy consolidation phase within a falling channel, largely influenced by ongoing trade tensions between the U.S. and other countries. This trade climate pushed ADA price down to the $0.50 mark in April.
However, a turning point came in mid-April when ADA began to recover, climbing to the upper boundary of the channel and reaching $0.85 in May. This rebound was fueled by a decrease in trade tensions, particularly after the UK signed a significant deal.
However, recent tensions with EU resurfacing has left many investors worried, but knowing the threat ADA price has not fallen beneath key EMA’s, and until it doesn’t break key supports the bullish views remain intact.
More to its price, a deep analysis of this week has been at the center of attraction. According to technical analysis from Dan Gambardello, the Cardano price action displays a markedly different pattern compared to its previous bull market cycle.
He says, unlike the last cycle where ADA experienced a single dip after exiting the bear market before going parabolic, the current consolidation shows a more methodical approach with repeated pump and consolidate phases.
This extended consolidation period is a “coiling” effect. He feels that Cardano price could smash $1, if it meets all bullish conditions.
Gambardello notes that this coiling behavior is not limited to Cardano price. The extended sideways movement has allowed for healthier price support levels, in other altcoin’s too.
Additionally, Analyst Dan Gambardello uses Ethereum as a roadmap for altcoin performance. He noted that ETH is currently testing a multi-cycle trend line that has historical importance for the entire altcoin sector.
Ethereum breakout would cause an altcoin move. It would be a more favorable time for tokens like Cardano crypto that have consolidated and formed technical bases in this extended build-up phase.
In a recent report, by Messari said that Cardano’s performance during Q1 2025 was tough. It revealed that its quarter was filled with challenges. As its native token, ADA price, took a hit, which led to a decline in its circulating market cap.
Despite these hurdles, Cardano still made significant strides in governance, like the activation of the Plomin Hard Fork was the biggest accomplishment.
Interestingly, the report further highlighted that, while the ADA price volatility affected its most of the market sentiment, but the commitment to staking still remained remarkably stable.
The stats showed that the total staked ADA saw only a slight decrease of 1%, settling at 21.6 billion ADA.
In contrast, some metrics performed exceptionally like the stablecoin market, messari said that it expanded by 30% to reach a market cap of $30.1 million. This increased was largely driven by the popularity of fiat-backed options like USDM, IUSD, USDA, and others.
Additionally, Cardano’s treasury balance showed resilience, increasing by 5% quarter-over-quarter to 1.7 billion ADA. However, the U.S. dollar value of the treasury took a hit, dropping 19% to approximately $1.1 billion.
Overall, while Cardano faced financial challenges, its governance advancements and stable staking commitment highlight the community’s ongoing dedication to the platform’s future.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Cardano (ADA) Price Holds Ground Amid EU Tariff Threat, Analysts Eye $1 Breakout appeared first on Coinpedia Fintech News
In the past 48-hours, Cardano price faced rejection at the channel’s upper border, coinciding with renewed trade pressures. As, Donald Trump’s announcement of a 50% tariff on the European Union, effective June 1, has reignited concerns. Despite this looming threat, ADA’s price has remained stable, indicating that the market has adjusted to such sentiments, with …
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 discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
BeInCrypto reported lawmakers questioning US Treasury Secretary Scott Bessent about Trump-affiliated World Liberty Financial (WLFI) and its new USD1 stablecoin.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
This chart shows that stablecoins have become a large holder in US treasuries.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of May 7 | Pre-Market Overview |
| Strategy (MSTR) | $392.48 | $411.52 (+4.85%) |
| Coinbase Global (COIN) | $196.56 | $205.16 (+4.38%) |
| Galaxy Digital Holdings (GLXY.TO) | $26.49 | $27.09 (+2.28%) |
| MARA Holdings (MARA) | $13.33 | $14.01 (+5.10%) |
| Riot Platforms (RIOT) | $7.84 | $8.24 (+5.10%) |
| Core Scientific (CORZ) | $8.90 | $9.35 (+5.06%) |
The post Stablecoin Issuers Using US Treasuries to Buy Bitcoin For Free, Max Keiser Claims | US Crypto News appeared first on BeInCrypto.