US President Trump: “We’re Ahead of China in Cryptocurrency, I Believe in Artificial Intelligence”
President Donald Trump expressed his confidence in cryptocurrency and artificial intelligence technologies in his latest statements. Trump said he supports cryptocurrency “with great enthusiasm” and stated that the US is ahead of China in this field. At the same time, Trump’s tax cut bill continues to move forward along party lines in the House of Representatives. The president also hinted that there could be significant developments in the Russia-Ukraine conflict during the day.
USDC Treasury Burns 50 Million USDC on Ethereum
According to Whale Alert data, the USDC Treasury destroyed 50 million USDC on the Ethereum blockchain. This transaction may have been carried out as part of supply management and market stabilization strategies. Such burning transactions in USDC issuance are important for maintaining stablecoin balance.
Bitfarms Releases Q1 2025 Report: Revenue Increases, Losses Continue
Bitcoin mining company Bitfarms reported revenue of $67 million in the first quarter of 2025, representing a 33% increase year-over-year. However, the gross profit margin was reported at 43%, down from 63% in the same period last year. Net loss was recorded at 36 million USD. As of May 13, the company holds 1,166 BTC and 150 million USD in liquid assets.
Saudi Telecom and Oracle Sign 2 Billion Riyal Cloud Agreement
Saudi Telecom and Oracle have signed a 2 billion riyal (approximately 533 million USD) cloud solution agreement aimed at strengthening digital infrastructure in Saudi Arabia.
OPEC Lowers 2025 Global Growth Forecast to 2.9%
In its latest monthly report, OPEC lowered its global economic growth forecast for 2025 from 3.0% to 2.9%. However, the growth forecast for 2026 remained unchanged at 3.1%. The report cites geopolitical risks and monetary policy uncertainties as the reasons for this revision.
Financial Times Documents Michael Saylor and MicroStrategy’s Bitcoin Strategy
The Financial Times has released a documentary on the high-risk Bitcoin investment strategy implemented by MicroStrategy founder Michael Saylor. The film details how the company’s $40 billion Bitcoin position was financed through stock sales and convertible bonds. The documentary highlights that the strategy is described as a “limitless funding gap” and emphasizes that this structure is dependent on a sustainable increase in Bitcoin prices. While MicroStrategy shares rose in tandem with Bitcoin, the documentary also included some analytical warnings about the company’s financial stability.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
