AICoin Daily Report (April 1)

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2 days ago

1. BlackRock CEO Says the Dollar Could Be Replaced by Bitcoin

BlackRock CEO Larry Fink has committed to opening private markets to millions of everyday investors, not just a select few wealthy individuals, and believes that individuals should share more in the benefits of economic growth. He stated that capitalism in recent years "has only served a few," leading to anxiety spreading throughout the economy. He mentioned that economic unease is more severe than "at any time recently," and expanding investment channels could help alleviate concerns. In his annual letter to investors on Monday, Larry Fink also noted that the status of the US dollar as the global reserve currency "is not guaranteed to last forever," warning that countries need to control their debt. He suggested that the dollar could lose its status and be replaced by digital assets like Bitcoin. -Original

2. Trump's Crypto Initiative Complicates Stablecoin Legislation

Representative French Hill stated on Monday that President Donald Trump’s "involvement in meme coin activities and consideration of establishing a stablecoin complicates our work." There are differences between the House and Senate versions of the stablecoin bill, including how to regulate foreign issuers. -Original

3. Trump Family Holds 60% of WLFI Shares

The Trump family appears to be strengthening its control over WLFI. WLFI was announced before Trump's inauguration but is still in the development stage. According to a report released by Reuters on Monday, the Trump family further consolidated its control over World Liberty by establishing WLF Holdco LLC in January. DT Marks DeFi LLC holds 60% of the new company’s shares and is responsible for overseeing protocol development. While it is currently unclear who holds the remaining 40%, this adjustment seems to indicate that WLFI co-founders Zak Folkman and Chase Herro are no longer the "controlling parties" of the platform. So far, WLFI has raised $550 million by selling WLFI tokens to qualified investors in the U.S. and non-qualified investors globally. According to documents released at the project's launch, the Trump family could receive 75% of the net proceeds from this portion of sales. -Original

4. CFTC Withdraws Crypto Advisory

The agency is determined to treat crypto derivatives in the same manner as everything else. -Original

5. China Blocks BlackRock's Acquisition of Panama Port

6. Circle Plans IPO, Expected to Submit Documents by End of April

USDC issuer Circle is preparing for its initial public offering (IPO) and has hired several banks to assist in the process, expecting to submit IPO public documents by the end of April 2025. -Original

7. Senator McCormick Purchases $600,000 in Bitcoin

According to Solid Intel, U.S. Senator David McCormick (a member of the Digital Assets Subcommittee) has disclosed the purchase of up to $600,000 in Bitcoin ($BTC). -Original

8. Coinbase Sticks to Lawsuit Against FDIC

U.S. crypto exchange Coinbase is still pursuing its Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC), despite the agency recently shifting to a more lenient stance on cryptocurrencies. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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