🚀 Crypto Recap – 7 May 2025
Let’s run through this week’s top crypto stories 👇
📈 BTC is steady near $96,950, ETH eyes $1,850, XRP holds above $2.10 as markets await the Fed’s rate decision 🏦.
🏛️ The GENIUS Act (stablecoin rules) hit resistance in the US Senate 🧱. A Trump-linked $2B USD1 deal with a UAE fund eyeing Binance sparked backlash 🇺🇸🪙, prompting the “End Crypto Corruption Act” to block officials from holding crypto 🛑.
🌲 New Hampshire became the first US state to create a crypto reserve, allowing up to 5% of public funds to go into bitcoin 💼📊.
🌆 Token2049 Dubai drew 15K+ attendees. Eric Trump promoted USD1, showing politics and crypto are more tangled than ever 🧑💼🔗.
🤣 Fun: $MAYDAY 🧨 launched on Labour Day with “Workers of the blockchain, unite!”, hitting a $25M cap in 3 days with NFT picket signs 🥳🎨.
📢 Stay sharp & decentralised! 💹🔐
#CryptoNews #Bitcoin #Ethereum #XRP #Token2049 #USD1 #Web3 #MayDay #Memecoin
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