Daily Crypto Roundup

1. Trump vs. the Bond Market: “The Bond Market Won” – Saifedean Ammous

President Donald Trump’s 90-day pause on higher tariffs has triggered fresh debate over the state of the U.S. economy. Economist Saifedean Ammous, author of The Bitcoin Standard, claims the decision reflects deeper financial stress—particularly in the bond market.

“Trump fought the bond market and the bond market won,” Ammous wrote on X. He argued that a short-term win from stock market dips quickly reversed when bonds crashed, exposing the tariffs’ damaging effects.

This move has reignited interest in Bitcoin’s role as a hedge in uncertain macroeconomic environments. BTC was trading around $93,150 at the time of reporting.

2. Strike Founder Jack Mallers to Lead “Next-Gen” Bitcoin Treasury Firm

Jack Mallers, the CEO of Strike, is spearheading Twenty One Capital, a new Bitcoin-focused company designed to rival Michael Saylor’s MicroStrategy as the premier Bitcoin investment vehicle.

Backed by Tether, SoftBank, and Cantor Fitzgerald, the firm will debut with 42,000 BTC—worth approximately $3.9 billion—with shares issued at $10 each.

“We’re not here to beat the market, we’re here to build a new one,” said Mallers. “A public stock, built by Bitcoiners, for Bitcoiners.”

3. Trump’s Memecoin Dinner: Meet the Top TRUMP Tokenholders

In a surreal twist to politics and crypto, President Trump is inviting the top 220 holders of his memecoin (TRUMP) to a private dinner at his Washington, DC golf club on May 22.

To qualify, tokenholders must pass a background check and cannot be from countries on the KYC watchlist. The memecoin’s price surged 52%—from $9.30 to $14.20—following the event announcement.

While the project has drawn scrutiny for potential ethical risks, its market cap once hit $15 billion before halving in just three days after launch.