💰Crypto Markets Dip on Trump Tariff Talk

gm Defiers!

The cryptocurrency market began the week with losses as revived tariff talks from President Donald Trump dampened investor sentiment.

In other news, MOVE plummeted 55% in just one month, following weeks of controversy and scandal.

Additionally, Ethena launched its stablecoin products on TON, making them accessible to over a billion Telegram users.

✍️ In today’s newsletter:

Crypto market drops ahead of the Federal Reserve meeting on Wednesday
MOVE plummets over 50% in a month
M0 Cofounder says stablecoins in gaming are 'long overdue'
EU AML rules to ban anonymous accounts
Treasury flags stablecoins as 'catalyst' for shift in US financial system
Three major financial institutions reveal upcoming crypto moves
Ethena integrates with TON and Telegram
Industry experts make bold predictions at Token2049

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Crypto Markets Slide Ahead of Fed Meeting

Cryptocurrency markets fell on Monday, May 5, as renewed tariff threats from President Donald Trump rattled investor confidence ahead of the Federal Reserve’s upcoming rate decision.

Bitcoin dropped 1.8% to $94,000, while total market capitalization slipped 2.9% to $3.04 trillion amid $222 million in liquidations.

🕵🏻 MOVE Falls 50% in a Month Plagued by Controversy and Scandal

Ethereum Layer 2 project Movement (MOVE) officially suspended cofounder Rushi Manche last week, on May 2, amid an ongoing investigation into governance and market making practices. The ongoing scandal has caused the MOVE token to plunge over 55% in the past month.

🪙 Stablecoins in Gaming Infra ‘Long Overdue’: M0 Cofounder

Gaming OS Playtron is launching Game Dollar, a new programmable stablecoin built on the Sui blockchain. The stablecoin aims to power payments, subscriptions, and rewards across Playtron’s gaming ecosystem.

📣EU AML Rules Ban Anonymous Accounts, Privacy Coins

The EU will ban anonymous crypto accounts and privacy coins like Monero (XMR) by 2027 under new anti-money laundering (AML) rules. The rules target anonymity in digital assets while crypto service providers will be barred from offering or interacting with obfuscation tools.

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🏦Treasury Flags Stablecoins as ‘Catalyst’ for Shift in US Financial System

Last week, the U.S. Treasury’s unveiled a new “Digital Money” report that explores the $240 billion stablecoin market's rapid growth. It also looked at the market’s potential to disrupt traditional banking, especially through yield-bearing stablecoins.

🗣️Three Major Financial Institutions Reveal Upcoming Crypto Activations

Last week, Charles Schwab, Goldman Sachs, and Morgan Stanley each announced plans to expand into crypto trading. As some of the largest financial institutions in the U.S., their moves collectively signal a growing institutional adoption of cryptocurrency.

💸Ethena Integration Is a ‘Massive Leap’ for TON and Telegram Users

Ethena launched on May 1 its stablecoin products, USDe and sUSDe, on the TON blockchain, allowing Telegram’s over one billion users to earn interest through in-app wallets.

🏙️Crypto Leaders Forecast Bitcoin Surge, SWIFT Disruption at Token2049 Dubai

At Token2049 in Dubai, industry leaders shared bold predictions about the future of crypto. This included Maelstrom's Arthur Hayes forecasting a $1 million Bitcoin by 2028 and Eric Trump predicting the collapse of the SWIFT payment system in favor of blockchain.