📊 Bitcoin Surges 4% Amid Cooling Inflation

gm Defiers!

The crypto market recorded gains this morning following cooler-than-expected PPI and CPI data, with BTC surging 4%.

Meanwhile, Argentina’s investigation into the LIBRA memecoin scandal intensifies, and Alien CryptoPunk 3100 changes hands again.

In other news, new research suggests that Bitcoin adoption could grow as trade tensions rise and inflation fears loom.

✍️ In today’s newsletter:

Crypto market gains as wholesale inflation cools
Trade tensions could further bitcoin adoption: Grayscale
m^O introduces stablecoin infrastructure
Libra investigation advances in Argentina
Q1 data: BTC lags behind Gold
Trader takes huge loss on CryptoPunk NFT
WalletConnect announces token launch date

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📊Crypto Markets Gain as U.S. Dollar Drops, Wholesale Inflation Cools

Crypto markets rallied Friday after stronger-than-expected PPI data suggested easing inflation. Bitcoin climbed 4% to around $82,500, with similar gains for Ethereum and XRP.

📈Trade Tensions Could Fuel Bitcoin Adoption: Grayscale

A new report by global asset management firm Grayscale suggests that rising trade tensions and stagflation risks could drive Bitcoin adoption – especially as trust in the U.S. dollar fades.

📣 M^0 Launches Programmable Stablecoin Infrastructure on Solana

Programmable stablecoin platform M^0 is expanding to Solana to power the launch of KAST neobank’s dual stablecoin system. The launch is set to go live between June and July 2025.

♎️Libra Investigation Moves Forward in Argentina as Celebrity Memecoins Continue to Decline

Argentina's Congress is advancing its investigation into the LIBRA memecoin scandal, which involved President Milei.

Government officials who will be questioned include the Chief of Staff, Guillermo Francos; the Minister of Economy, Luis Caputo; the Minister of Justice, Mariano Cúneo Libarona; and the head of the National Securities Commission (CNV), Roberto Silva.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.