Senin, 07 April 2025

Arthur Hayes 💖 tariffs, crypto bro books SpaceX ride


Arthur Hayes backs Trump's trade moves, wealthy crypto investor buys a ticket to space, and more of last week's top headlines.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Arthur Hayes loves tariffs, Crypto bro funds SpaceX flight, and more

Mar. 30 - Apr. 5

#1

Arthur Hayes loves tariffs as printed money pain is good for Bitcoin

BitMEX co-founder and former CEO Arthur Hayes says US President Donald Trump's tariffs may rattle the global economy in some ways, but that same disruption could be exactly what Bitcoin needs to rally.

"Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC," Hayes said in an April 3 X post.

His comments come just a day after it was announced that the Trump administration will hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.

Hayes explained that tariffs positively impact Bitcoin's price for several reasons. One of them, he said, is the "weakening" of the US Dollar Index (DXY), as overseas investors continue to sell off US stocks and "bring money home."

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#2

US lawmakers press SEC for info about Trump family-backed crypto firm

Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump's family.

In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump's ties to World Liberty Financial.

The two lawmakers suggested the SEC may be being influenced by the firm, and "this conflict of interest may be interfering with its mission to protect investors and maintain fair and orderly markets."

#3

SpaceX flight bankrolled by crypto investor launches first manned polar orbit

Elon Musk's SpaceX has sent a crew of four private astronauts on the first manned space flight to orbit the Earth's poles, in a mission bankrolled and led by a wealthy crypto investor.

Chun Wang, the Chinese-born Maltese entrepreneur who founded the Bitcoin mining pool F2Pool, paid for and is leading SpaceX's "Fram2" mission, which is named after a 19th-century Norwegian Arctic exploration ship.

Wang and three others blasted off from Cape Canaveral, Florida, at 1:46 am UTC on April 1, on a three-to-five-day orbit that will be the first human space mission to fly over the North and South poles.

Prediction of the Week

Bitcoin crash risk to $70K in 10 days increasing — Analyst says it's BTC's 'practical bottom'

Analysts say Bitcoin price could drop to $70,000 within the next ten days as one BTC pricing model suggests that the US-led trade war could upend investors' risk-asset sentiment.

In his latest X analysis, network economist Timothy Peterson warned that Bitcoin may return to its 2021-era all-time high.

Bitcoin price expectations continue to deteriorate as the impact of "higher than expected" US trade tariffs hits home.

For Peterson, the outlook now includes an uncomfortable trip down memory lane. "Bitcoin to $70k in 10 days?" he queried.

FUD of the week

EU could fine Elon Musk's X $1B over illicit content, disinformation

European Union regulators are reportedly mulling a $1 billion fine against Elon Musk's X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times.

EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan.

Under the Digital Services Act, which came into law in October 2022 to police social media companies and "prevent illegal and harmful activities online," companies can be fined up to 6% of global revenue for violations.