Bitcoin at $85,208!

The Fear & Greed Index sits at 37 – Fear, showing a cautious market mood as political tensions and crypto adoption trends continue to shape sentiment.

Senator Warren warns against firing Fed Chair Powell

As President Donald Trump considers replacing Federal Reserve Chair Jerome Powell over his interest rate policy, Senator Elizabeth Warren has warned that such a move could spark a financial crash.

• Warren said removing Powell would damage trust in U.S. markets and undermine the Fed’s independence.
• Trump has repeatedly criticized Powell for not lowering interest rates, which could benefit risk-on assets like crypto.
• Senator Rick Scott supports Trump’s stance, stating it’s time to replace Fed officials not serving public interest.
• Crypto analyst Anthony Pompliano suggested Trump might be using market pressure to push for lower rates.

Bitwise lists 4 new crypto ETPs on London Stock Exchange

Asset manager Bitwise has expanded its European footprint by listing four crypto exchange-traded products (ETPs) in London.

• The offerings include Core and Physical ETPs for BTC and ETH, including an Ethereum staking version.
• The move comes as Gary Gensler’s resignation from the SEC led to a wave of crypto ETF filings in the U.S.
• Bitwise is also pursuing DOGE and Aptos ETFs, with the DOGE fund potentially becoming the first memecoin ETF in the U.S.
• CIO Matt Hougan projects $50B in inflows into Bitcoin ETFs in 2025, bringing price stability and legitimacy to crypto.

OpenAI reportedly building X-like social media platform

OpenAI is developing a social platform that integrates its image generation tools and AI feed, potentially rivaling Elon Musk’s X and Zuckerberg’s Meta.

• Sources told The Verge the network may allow users to share AI-generated content in a feed-like structure.
• The report comes amid growing rivalry between Sam Altman and Elon Musk, who recently clashed over OpenAI’s commercial direction.
• Musk previously offered to buy OpenAI for $97.4B; Altman declined and sarcastically offered $9.74B to buy X instead.
• The tension continues as Trump used X in March to address the first White House Digital Asset Summit, showing X’s ongoing relevance to crypto.