Odaily Planet Daily News Although the Trump administration's regulation of cryptocurrencies is more inclusive than the Biden administration, analysts believe that the currency circle seems to have become a cash machine for the Trump family. The issuance process of memecoin is simple, and if market interest surges, its price can rise sharply from near zero, giving early buyers the opportunity to make huge profits. Cryptocurrency enthusiasts call accounts that take advantage of this feature to make large, early purchases "snipers." Under U.S. financial regulations, memecoins are not considered securities, which means that project sponsors are not subject to federal information disclosure and insider trading rules designed to protect retail investors. According to statistics, 24 potential "insider" accounts purchased 16.7 million of the 200 million $MELANIA tokens scheduled to be sold during the issuance period. As Trump announced that large holders would be eligible to attend the White House dinner, the price of $TRUMP coins soared, making the 800 million $TRUMP coins still held by the project organizers nominally worth $9 billion. Foreign media previously tracked transactions involving $TRUMP, showing that its issuer made at least $350 million in profit, including both token sales revenue and market making fees. Hayden Davis, a 28-year-old cryptocurrency entrepreneur from Texas, said he participated in the issuance of $MELANIA. He also participated in the issuance of $LIBRA meme coins, which was briefly endorsed by Argentine President Mile in February, and later turned into a currency circle scandal due to price surges and plunges. (Jinshi)

According to ShibDaily, the United Kingdom has decided against establishing a national Bitcoin reserve, diverging from potential U.S. plans to hold digital assets at a national level. Emma Reynolds MP, Economic Secretary to the Treasury, announced this decision during her speech at the Financial Times Digital Asset Summit in London. Reynolds stated that accumulating Bitcoin is not part of the UK's strategy, emphasizing that it is not suitable for their market. She acknowledged the U.S.'s approach but clarified that it is not the UK's plan. Despite this, Reynolds highlighted the importance of transatlantic cooperation, noting that the UK seeks alignment with the United States. She mentioned recent discussions between the Chancellor of the Exchequer and U.S. Treasury Secretary Scott Bessent, as well as the formation of a senior official level working group between the UK and the U.S. to enhance collaboration on digital asset policy. An upcoming meeting of the regulatory forum in June will include discussions on digital asset collaboration. Reynolds pointed out a significant shift in the U.S. approach to crypto regulation, describing it as a major change from the previous administration under U.S. President Donald Trump. Reynolds also revealed that the UK government is exploring the issuance of sovereign debt using distributed ledger technology, with the procurement process already underway and plans to select a supplier by late summer. Additionally, she stated that the UK does not intend to replicate the European Union’s Markets in Crypto-Assets (MiCA) framework, opting instead to develop its own tailored approach to digital asset regulation. The UK’s legislative approach focuses more on regulatory outcomes rather than replicating the EU’s rule-based model. Reynolds emphasized that the UK intends to regulate digital assets within the same framework that governs traditional financial institutions, advocating for a 'same risk, same regulatory approach' philosophy. She acknowledged that certain aspects of the cryptocurrency sector are beyond the reach of government regulation, noting the challenges posed by decentralized elements. While the UK has firmly dismissed the idea of establishing a Bitcoin reserve, it continues to focus on developing a balanced and forward-thinking approach to digital asset regulation. As the global landscape evolves, the government remains committed to fostering innovation while ensuring stability within the financial ecosystem, without the need for a national cryptocurrency stockpile.

According to ShibDaily, the Kenyan High Court has issued a ruling against Worldcoin, a global cryptocurrency initiative led by Sam Altman, demanding the cessation of biometric data processing, collection, and handling until a Data Protection Impact Assessment is completed. The court's decision, dated May 5, requires Worldcoin to permanently delete biometric data collected in Kenya without proper assessments within seven days. Furthermore, the court has prohibited the company from offering cryptocurrency incentives to users, suggesting potential violations of Section 31 of the Data Protection Act. The ruling was announced by the Katiba Institute, an advocacy group that has consistently opposed Worldcoin's operations, through an X post. Lady Justice Aburili Roselyne delivered the judgment, affirming the Katiba Institute's stance against the collection, processing, and transfer of biometric data, including iris and facial images, using the Worldcoin App and Orb. The legal challenge was initiated by the Katiba Institute in August 2023, seeking judicial review against the Worldcoin Foundation. Kenya is not the only country scrutinizing Worldcoin's activities. Indonesian regulators have also suspended the platform's operations, citing potential breaches of local regulations. Alexander Sabar, Director General of Digital Space Supervision, stated that the suspension was a preventive measure in response to reports of "suspicious activity" surrounding the project. The Indonesian subsidiary managing Worldcoin, PT Terang Bulan Abadi, was found to have failed to register as an Electronic System Organizer (PSE) and lacked the necessary Electronic System Organizer Registration Certificate (TDPSE), which is mandatory under Indonesian law. Sabar noted that Worldcoin services were recorded using TDPSE under another legal entity, PT Sandina Abadi Nusantara. Indonesian regulations, including Government Regulation No. 71 of 2019 on the Implementation of Electronic Systems and Transactions and the Minister of Communication and Information's Regulation No. 10 of 2021 on Private Electronic System Providers, require all digital service providers to register legally and ensure accountability for their operations. This article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Interest in the TRUMP token shot up over 50% after Trump promised the “gala dinner,” which pushed the token’s market cap to a peak of … source: https://coinpedia.org/news/only-58-wallets-profit-from-trump-762k-others-record-losses/

سجّل سعر البيتكوين ارتفاع ملحوظ خلال الساعات 24 الماضية، متجاوز بشكل مؤقت حاجز 97,500 دولار، ومدفوع بأنباء تفيد بعزم الولايات المتحدة والصين عقد محادثات تجارية وشيكة، قد تتضمن مناقشة تخفيف بعض الرسوم الجمركية المفروضة بين الجانبين. source: https://arab-btc.net/95-of-all-bitcoin-holders-in-win-zone/

According to BlockBeats, Aptus Capital Advisors analyst John Luke Tyner anticipates that Federal Reserve Chair Jerome Powell will maintain his previous stance, emphasizing the need for policymakers to see more data before considering interest rate cuts. Tyner noted that with inflation still above target and the economy appearing stable, Powell is unlikely to be proactive in reducing rates in the near future. Tyner is eager to hear comments on tariffs, particularly their potential impact on prices. He mentioned that following recent statements from U.S. President Donald Trump's administration, Powell might underscore the Federal Reserve's independence.

According to BlockBeats, K33 Research has indicated that the summer of 2025 may present a unique landscape for the cryptocurrency market, largely influenced by policies enacted by U.S. President Donald Trump. Trump has signed executive orders to establish strategic reserves of Bitcoin and digital assets, aiming to position the United States as a global leader in cryptocurrency. These reserves, primarily composed of Bitcoin seized by the Treasury, are intended to be held as national assets rather than sold. Despite a subdued initial market reaction, with Bitcoin prices remaining between $77,000 and $87,000 throughout April, analysts suggest that these policies could encourage institutional investor participation over time, creating a 'flywheel effect' that accelerates industry growth. Investors are advised to hold their assets in May and observe the gradual impact of these policies, rather than following the traditional 'sell in May and go away' strategy inherited from conventional markets. Vetle Lunde, Head of Research, and Senior Analyst David Zimmerman from K33 Research highlighted in a Tuesday report that while summer typically offers fewer catalysts than other times of the year, 2025 will be different due to the numerous catalysts driven by President Trump. Cryptocurrencies are expected to benefit from several favorable factors initiated by Trump, while the stock market may face renewed tariff challenges, setting the stage for Bitcoin's relative strength in the coming months.

Metaplanet, the innovative investment firm, has made a significant addition to its cryptocurrency portfolio by purchasing an additional 555 Bitcoin (BTC), which is valued at approximately $53.4 million. This strategic acquisition underscores Metaplanet's commitment to enhancing its digital asset holdings and reflects its confidence in the future potential of Bitcoin as a valuable investment vehicle. source: https://voiceofcrypto.online/ampstories/web-stories/metaplanet-buys-additional-555-more-btc-worth-534m

The Kenyan High Court has ordered Sam Altman’s global cryptocurrency, World (formerly Worldcoin), to halt the processing, collection, and handling of biometric data until a Data Protection Impact Assessment is conducted. The May 5 ruling mandates that World permanently delete biometric data collected in Kenya without proper assessments within seven days. Additionally, the court has prohibited the company from enticing users with cryptocurrency offers and suggested that its actions may have violated Section 31 of the Data Protection Act. In an X post, the Katiba Institute, an advocacy group that challenged World’s activities, announced that Lady Justice Aburili Roselyne issued The post Kenya Orders Sam Altman’s Worldcoin to Delete Biometric Data first appeared on The Shib Daily source: https://news.shib.io/2025/05/07/kenya-orders-sam-altmans-worldcoin-to-delete-biometric-data/?utm_source=rss&utm_medium=rss&utm_campaign=kenya-orders-sam-altmans-worldcoin-to-delete-biometric-data

Alex Mashinsky, founder and former CEO of collapsed crypto lender Celsius, has pushed back against a proposed 20-year prison sentence, criticizing the U. S. government’s stance as excessive and unwarranted. The U source: https://news.shib.io/2025/05/07/mashinsky-blasts-20-year-sentence-request-over-celsius-collapse/?utm_source=rss&utm_medium=rss&utm_campaign=mashinsky-blasts-20-year-sentence-request-over-celsius-collapse

A crypto veteran recently fell victim to a scam, losing over 40 million MANEKI tokens (over SGD500K). Sharing the thievery process, he lamented his lapse in judgment but thanked the community for the support.