);)
On the 7th, Bitcoin (BTC) rebounded and broke through $80,000 with news that President Trump could delay the tariff war by 90 days. As Asian markets plummeted due to the full-scale tariff war by President Trump, the U.S. stock market and Bitcoin rose in the late afternoon following the president's announcement.
2. U.S. Federal Agencies Disclose Cryptocurrency Holdings to Treasury Department
According to President Trump's executive order, U.S. federal agencies disclosed their cryptocurrency holdings to the U.S. Treasury Department on the 7th. Fox Business cryptocurrency specialist reporter Eleanore Tarret cited White House sources, stating that federal agency officials submitted cryptocurrency holdings reports to Treasury Secretary Scott Bessent by the 7th.
3. Hong Kong Securities Commission Approves Staking Services for Licensed Cryptocurrency Exchanges
On the 7th, the Hong Kong Securities and Futures Commission (SFC) announced that staking services can be provided only for cryptocurrency exchanges that have obtained a license. At the Web3 Festival keynote speech on the 7th, Christina Choi, Executive Director of SFC, said that exchanges will be allowed to provide staking services to strengthen Hong Kong's position in the cryptocurrency industry.
4. U.S. SEC: "Dollar-Pegged Stablecoins Are Not Securities"
On the 7th, the U.S. Securities and Exchange Commission (SEC) officially stated that stablecoins issued based on clear reserves are not securities. The SEC distinguished between algorithmic stablecoins and dollar-asset-linked stablecoins, explaining that stablecoins whose value is linked to assets with clear value will not be regulated as securities.
5. U.S. Federal Reserve Holds Closed-Door Meeting Amid Market Chaos
The U.S. Federal Reserve officially announced that it will hold a closed-door meeting on the 7th. The Fed's closed-door meeting was held amid market confusion caused by President Trump's full-scale tariff war. The market predicted that the Fed might have discussed expediting an interest rate cut.
6. Pakistan Appoints Zhao Changpeng as Cryptocurrency Advisor
On the 7th, the Pakistan Cryptocurrency Council (PCC) appointed Binance founder Zhao Changpeng as an advisor to supervise the market due to the rapid increase in cryptocurrency adoption in the country.
7. Michael Saylor Stops Buying After April Market Decline
It was revealed that Michael Saylor, founder of Strathmore, who had been accumulating Bitcoin every week last month, stopped purchasing Bitcoin with the market decline. According to the '8-K' investment report submitted to the SEC on the 7th, Strathmore did not accumulate Bitcoin after April.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
