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5. Markets Slump Ahead of “Liberation Day”
President Trump’s Wednesday tariff announcement looms, rattling both crypto and stocks. Rumors of broader, higher tariff threats – an across-the-board hike of up to 20% – weighed on Monday sentiment, sending Bitcoin briefly under $82k. It’s a sluggish start to the week – a fitting end to a choppy Q1 for global markets.
4. Hut 8 and Trump Brothers Partner On Bitcoin Miner
Bitcoin miner Hut 8 $HUT ( ▼ 0.6% ) announced today that it has partnered with President Donald Trump's sons to launch a new BTC mining company, American Bitcoin. Hut 8 will merge a majority of its miners into the company for a 80% stake in the business. In other words, Hut 8 gives a majority of its miners to a new company, receives no cash, and now only owns 80% of those miners.
3. MARA Eyes Bitcoin Expansion
Bitcoin miner MARA $MARA ( ▼ 6.98% ) continues to follow through on it’s HODL strategy. According to an SEC filing from Friday, the company plans to raise up to $2 billion in a stock sale – straight into BTC buys. With 46,374 BTC already on its books, MARA is the second-largest corporate holder, only behind MSTR’s 506,000 BTC stash.
2. FDIC Just Removed a Major Roadblock
The FDIC just tore up a Biden-era rule that forced banks to get pre-approval for any crypto-related business – clearing the runway for more banks to drive crypto adoption. Expect bigger plays in custody, brokerage, and, as we covered last week, tokenized deposits – an in-house alternative to stablecoins. Bottom line: The doors have opened for banks to ramp up crypto services like never before.
David Sacks @davidsacks47
The FDIC has made it easier for banks to engage in crypto-related activities. This is one of the best ways to mainstream crypto further. Thanks @FDICgov and Acting Chairman Travis Hill.
8:50 PM • Mar 28, 2025
4.54K Likes 930 Retweets
177 Replies
1. Circle Hires Bank For IPO Plans
The exact date for the public listing is unknown, but according to Fortune’s sources the company is expected to file paperwork for the offering in late April. After filing, trading usually occurs ~4 weeks later. We’ll be in touch when we know more.
Trump Orders new Wealth Fund for America
Recently, Trump’s Treasury Secretary let slip: “We’re going to monetize the most valuable asset of the United States.”
What does he mean, exactly? Former Presidential Advisor, Jim Rickards says:
“We’re talking about a state asset that’s so large – if you divide the figure by the number of households in America, it’d be enough to make every family millionaires. And it will be unleashed starting as early as May 2nd.”
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