Bitcoin Breaks $105,000 as US-China Truce Ignites Market Surge 🚀
What's up Crypto Crew 🖖
It’s that time again, when you hold onto your digital wallets, and you already know why. But this time, it’s courtesy of the US and China shaking hands.
And while some massive records are to be set at the next Bitcoin conference, the news is almost never short of some legal drama to spice it up, this time we’ve got the most likely celebrities escaping FTX lawsuits.
Here are the Highlights:
- Bitcoin Breaks $105,000 as Truce Between US and China Sparks Market Optimism
- Bitcoin Conference Aims to Set GUINNESS WORLD RECORDS for Bitcoin Payments
- Tom Brady, Larry David Among Celebs Cleared in FTX Lawsuit—Mostly
- Binance Founder CZ Confirms Filing for President Trump’s Pardon
Bitcoin Breaks $105,000 as Truce Between US and China Sparks Market Optimism
On Monday, the two economic superpowers, the US and China, announced a 90-day tariff relief deal, which sparked renewed optimism across global markets. As part of the agreement, the United States will lower tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on US goods from 125% to 10% over the same period. The announcement triggered a spike in trading activity in the crypto market, pushing BTC’s price above the psychological $105,000 mark for the first time in weeks. Moments later, the coin peaked at $105,705 and witnessed a decline.
Bitcoin Conference Aims to Set GUINNESS WORLD RECORDS for Bitcoin Payments
BTC Inc, parent company of Bitcoin Magazine and The Bitcoin Conference, is putting Bitcoin to the ultimate test at this year’s Bitcoin 2025 conference with an official attempt to break the GUINNESS WORLD RECORDS® title for the Most Bitcoin Point of Sale Transactions in 8 Hours. The attempt will take place live during the conference at the Venetian Conference Center in Las Vegas from May 27–29, 2025. To make this possible, BTC Inc will issue 4,000 Lightning-ready Bolt Cards to attendees. The cards use tap-to-pay functionality and feature four limited-edition designs, each honoring a major figure in Bitcoin history and advocacy
Tom Brady, Larry David Among Celebs Cleared in FTX Lawsuit—Mostly
A judge on Thursday dismissed most—but not all—claims against high-profile celebrities sued for promoting collapsed crypto exchange FTX. In an opinion filed Wednesday, U.S. District Judge K. Michael Moore said that FTX investors taking legal action against the celebrities had failed to prove that the stars had knowledge the crypto exchange was fueled by fraudulent activities. The celebrities named in the lawsuit include sports stars like Tom Brady, Stephen Curry, and Naomi Osaka, the Golden State Warriors basketball team, comedian Larry David, and "Shark Tank" judge Kevin O'Leary.
Binance Founder CZ Confirms Filing for President Trump’s Pardon
Changpeng Zhao (CZ), the former CEO of Binance, has confirmed in an interview that he has formally applied for a presidential pardon from Donald Trump. However, he also clarified that he has no plans to return as a leader in the world’s largest crypto exchange. Zhao said on the Farokh Radio podcast that the application was submitted through his legal team two weeks ago. He explained that the decision to proceed came after news reports in March by Bloomberg and The Wall Street Journal alleged he was seeking a pardon in connection with crypto ventures linked to the Trump family.
Other Highlights Worth Mentioning
CZ called pardon reports false, now he’s applying for one - Protos
Democrat Senators urge Treasury, DOJ to probe Trump’s crypto ties to Binance - Cryptoslate
German Authorities Seize $37.4M in Assets from Shuttered Crypto Exchange eXch - Decrypt
Celsius founder Alex Mashinsky gets 12 years prison for crypto fraudCelsius founder Alex Mashinsky gets 12 years prison for crypto fraud - Reuters