dungnguyen pfp

dungnguyen

@dungnguyen111

2975 Following
370 Followers
dungnguyen pfp
dungnguyen
@dungnguyen111
Vitalik Buterin proposed to replace Ethereum's EVM bytecode with the RISC-V script. This will change the way the code of smart contract is compiled and operated, with the goal of making Ethereum faster and more efficient, especially in applications related to zero-knowledge (ZK) proofs. Old contracts will still be supported in parallel with new contracts based on RISC-V.
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
In just 3 days last week (Tuesday to Friday), advisors converted $1.4 billion worth of Bitcoin Spot ETFs, erasing not only a lot of negative cash flows but also negative sentiment.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
The President of the Swiss National Bank (SNB), Martin Schlegel, has rejected calls to add Bitcoin to the national reserves at this time, citing concerns about liquidity and price volatility. He said that Bitcoin's liquidity is very good now, but could become questionable during a crisis, so they choose to hold Bitcoin indirectly through MicroStrategy, Tesla, and Marathon Digital (Mara) stocks. It is worth noting that they have raised concerns about liquidity and price volatility, while in fact, Bitcoin is often sold off in large volumes during crises but is always absorbed by the market, and Bitcoin is currently less volatile than Tesla and MicroStrategy stocks. If the SNB had allocated 1% of its portfolio to Bitcoin since 2015, its portfolio yield would have nearly doubled with a very small increase in volatility.
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
The Fed announced it was withdrawing guidance that required banks to notify or seek approval before engaging in activities related to crypto or stablecoins.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Elon Musk and Treasury Secretary Scott Bessent got into a heated argument at the White House after Musk overruled Bessent to convince President Trump to appoint Gary Shapley (former IRS agent and Biden whistleblower) as acting IRS commissioner. Meanwhile, Treasury Secretary Bessent, who also oversees the IRS, wanted his deputy, Michael Faulkender, to take over until Trump's nominee, Billy Long, is confirmed by the Senate. The argument escalated in the West Wing, with witnesses describing loud shouting and profanity. A White House aide even had to intervene. Musk reportedly accused Scott Bessent of being a “Soros henchman,” referring to Bessent’s ties to the Key Square Group hedge fund after working at Soros Fund Management and to a popular Jewish conspiracy theory that investor George Soros is behind left-wing political movements in the United States. Scott Bessent has criticized Elon Musk’s cost-cutting efforts as mere rhetoric with no real results.
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
New SEC Chairman Paul Atkins: The first priority is to build a solid legal foundation for digital assets. Commit to a rational, clear, and principled approach. The goal is to make the United States the safest and most attractive place in the world to invest and do business in this field.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
DXY continues to fall. As shared 2 weeks ago, when DXY fell below 100 points after a long period: The DXY falling below 100 reflects expectations that the Fed may cut interest rates in the near future. Meanwhile, rising bond yields indicate that investors are selling long-term bonds, often due to concerns that the US government will borrow more or that demand for US bonds is decreasing due to trade wars. Crypto and gold benefit when the USD weakens. The impact on US stocks is optional. High-growth stocks such as technology groups may be reduced if bonds rise too quickly, as these companies tend to have high debt.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
China has sent a new trade delegation to the United States, including Ambassador Xie Feng. It is unclear when the delegation, including Xie Feng, arrived in the United States, but Xie spoke to reporters in Washington yesterday. This is consistent with President Trump's statement on Friday that his team had held talks with the Chinese side.
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
M2 money supply in the US, Japan, China and Europe are all increasing, especially China and Europe. China's chart is booming, most likely due to recent economic stimulus packages, while the US is slightly increasing but stable at ATH since the pandemic, the reason is that the FED has not been able to consider
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
President Trump calls on Fed to cut rates again: “If we had a Fed chairman who knew what he was doing, rates would have come down… He should have brought rates down.” White House economic adviser Kevin Hassett said President Trump and his team are looking into whether the Fed chairman can be removed under current law. Fed chairman Jerome Powell has previously said he cannot be removed under the law and intends to serve out his term through May 2026.
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Our beloved Senator ELIZABETH WARREN said: "If Chairman Powell could be fired by the President of the United States, the markets would crash." This is interesting because Elizabeth herself is not a fan of the Fed Chairman and has often criticized him for the same reason: being too slow to cut interest rates. Her reasoning is that Congress designed the Fed as an independent agency that can make the right decisions for the economy, free from political influence.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Bo Hines (CEO of Digital Assets for the Trump Campaign): The US once owned nearly 400,000 BTC, but sold about half for just $370 million. If kept, that amount of BTC would now be worth ~$17 billion, showing the strategic importance of this asset. Bo Hines emphasized that the US needs to accumulate as much Bitcoin as possible, as long as it is done in a budget-neutral way (without using taxpayer money). An internal working group of agencies such as the Treasury and Commerce Departments is exploring various options for building a Bitcoin strategic reserve, like a "digital Fort Knox". Bitcoin is viewed as digital gold, a commodity with an intrinsic store of value, not a security, and is in the long-term interests of the American people. Bo Hines emphasized that this is the first time the US has a president who advocates strategic asset accumulation instead of dumping, and his team is confident in the plan and long-term vision for Bitcoin.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
OpenAI is developing a social network similar to X (Twitter), which is still in its early stages. A prototype has been built, focusing on ChatGPT's image generation feature with social news. CEO Sam Altman is quietly soliciting outside feedback on the project. It is unclear whether OpenAI will discover the social network as a separate application or integrate it into ChatGPT. Grok has been able to use data from X to train X, an invaluable resource.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Stats show that corporations bought more than 95,000 Bitcoin in Q1, the most in any previous quarter. Source X @pete_rizzo_
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Senator 🇺🇸 Tim Scott expects major crypto legislation, including stablecoin regulations, to be passed by August 2025. He stressed the need to prioritize innovation first to keep the U.S. competitive. The GENIUS bill has been awarded, with support supporting efforts to strengthen the USD and make the U.S. a leader in the asset space.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
President Trump exempted new tariffs on cell phones, computers, chips and other electronic devices and components, including semiconductors, solar panels, high-definition television screens, flash drives, memory cards and solid-state drives (SSDs) used to store data. The exemption covers all countries, including China, which is a win for companies like Apple. CEO Tim Cook has repeatedly stressed that moving out of China or back to the US is not easy and cannot be done quickly. There has been no official statement from the White House. It is unclear whether the data here is just a temporary measure to facilitate companies to start moving factories, or if there is actually a new trade deal being negotiated between the US and China.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
SBF is currently being held at Victorville State Prison, one of the most violent prisons in California, after participating in an unauthorized interview with Tucker Carlson.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
📊 Total US debt: $34.4 trillion (as of end of 2024) 🇺🇸 Domestic creditors: $26.4 trillion (77%) - US government agencies (internal debt): $7.0 billion (20%) - US citizens holding savings bonds: $5.7 billion (17%) - Federal Reserve: $5.2 billion (15%) - Investments: $3.7 billion (11%) - State and local governments: $1.7 billion (5%) - Institutional signals: $1.6 billion (5%) - Pension funds: $1.0 billion (3%) - Insurance companies: $480 billion (1%) 🌍 Foreign creditors: $7.9 trillion (23%) - Japan: 1.1 billion USD (3%) - China: 820 billion USD (2%) - UK: 680 billion USD (2%) - Other countries: 5.3 billion USD (15%)
0 reply
0 recast
1 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
Reuters: The United States 🇺🇸 and Vietnam 🇻🇳 have agreed to start negotiations on a new trade deal. The two countries will look to eliminate as many non-tariff barriers as possible, according to a government statement issued after a meeting between Vietnamese Deputy Prime Minister Ho Duc Phu and US Trade Representative Jamieson Greer in Washington.
0 reply
0 recast
0 reaction
dungnguyen pfp
dungnguyen
@dungnguyen111
check this Ⓜ️oxie game by @degenfans
0 reply
0 recast
0 reaction