Banks Lose $5.6 Billion to Bad Loans
Three major U.S. banks, @JPMorgan, @Citigroup, and @WellsFargo, wrote off $5.6B in bad loans amid rising credit card debt hitting $1.083T. #Update #Crypto $BTC (-8) ↘
regulators
Tokenized Bonds Launch in Canada’s Banking Sector
@BankofCanada completed a tokenized bond trial with C$100M issuance, leveraging distributed ledger technology for trading and settlement, as part of Project Samara. #Update #Crypto $CAD
JPMorgan Chase Sets Bold 2026 S&P 500 Target
JPMorgan Chase’s Dubravko Lakos forecasts the S&P 500 could reach 8,000 points by 2026 if the Federal Reserve eases monetary policy significantly. Current target ranges from 7,000 to 7,500. #Update #Market $SPY
Crypto Billionaire Justin Sun Joins Presidential Dinner
Billionaire @justinsuntron to attend crypto dinner with Donald Trump, claiming he’s the top holder of $TRUMP memecoin worth $20M; $TRUMP trading at $14.61, up 10.7%. #Update #Crypto $TRUMP (+6) ↗
Bitcoin Manipulator Sentenced 14 Months Prison
Eric Council Jr. sentenced to 14 months for hacking @SECGov’s X account, manipulating $BTC price through SIM swap and fake ETF approval post #Breaking #Legal $BTC (-8) ↘
Crypto Heist: New Defendants Charged
The U.S. Department of Justice charges 12 new defendants under the RICO Act for a $263 million crypto theft, with two suspects at large in Dubai. #Breaking #Legal $BTC (-9) ↘
Bitcoin Comeback Triggers Revealed by Tapiero
Macro investor Dan Tapiero suggests that monetary policy shifts by Fed Chair Jerome Powell could drive $BTC to $200,000 if traditional finance liquidity supports crypto growth. #Update #Crypto $BTC (+4) ↗
BlackRock Meets SEC: Crypto Staking Talks
@BlackRock met with the U.S. Securities and Exchange Commission to discuss crypto staking, tokenization, and exchange-traded product standards. #Breaking #Crypto $BTC (+9) ↗
Crypto Exchange Deribit Eyes US Expansion
@Deribit considers US expansion as President Trump supports crypto; regulatory changes ease entry, but challenges remain for derivatives. #Update #Crypto (+4) ↗
Crypto Boosts Trump Wealth Rapidly
President Trump increased his net worth by $2.9 billion in crypto, leveraging his position to favor @WorldLibertyFinancial’s stablecoin, says State Democracy Defenders Action. #Breaking #Crypto (+8) ↗
Stablecoin Tether Plans US Return
@Tether_to is launching a new US dollar-pegged stablecoin, aiming to re-enter the US market and enhance collaboration with law enforcement. #Update #Crypto $USDT (+4) ↗
Crypto Giant Galaxy Digital Eyes Nasdaq Debut
@GalaxyDigital plans to list on Nasdaq as GLXY on May 16, pending shareholder approval, marking a transformative milestone for the firm. #Update #Crypto (+3) ↗
Impeachment Call Over Trump Memecoin Allegations
Democrat Senator Jon Ossoff calls for President Trump’s impeachment, alleging misuse of his memecoin to grant audiences, as $TRUMP trades at $14.79. #Update #Legal $TRUMP (-4) ↘
Crypto: Fed Withdrawal Criticized by Lummis
Republican Senator Cynthia Lummis criticizes the Federal Reserve’s withdrawal of crypto guidelines as superficial, citing ongoing reputation risk and regulatory issues. #Update #Crypto $BTC (-3) ↘