The Federal Reserve kept its benchmark rate at 3.75%, as expected.
The economy grows moderately, labor market is stable, and unemployment is steady.
Inflation remains high, partly from rising global energy prices.
The Middle East conflict adds uncertainty. Future rate moves depend on incoming data with no preset path.
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American Bitcoin went public on Nasdaq in September 2025 at $13.2 billion. Shares have since dropped 92%. Yet, Eric Trump's net worth rose from $190 million to $280 million without his own investment.
Forbes reports 70% of the company's bitcoins were bought via stock issuance, not mining. The firm acquired equipment backed by 3,090 BTC. Of $525 million spent on coins, losses hit $135 million.
Afterward, Eric Trump called Forbes a "political weapon" and "a disgrace to journalism."
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According to research firm Caladan, the GameFi sector is effectively collapsing, with 93% of projects deemed "dead" and most metrics down by over 90%, despite $12-15 billion invested since 2020.
The peak was in 2022, followed by a crypto winter, the Ronin hack, and capital outflows to AI and other sectors. Even leading projects lost users, for example, Axie Infinity's active users dropped from 2.8 million to around 100,000.
The main issue is tokenomics: investor-focused models collapse when growth slows.
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WLFI fell 17% after a vote on unlocking 62.28 billion tokens, with 99.9% support. The final vote is set for May 6.
The plan includes a 2-year cliff plus 2 years linear unlocking for early investors, and a 2-year cliff plus 3 years unlocking for team, founders, and partners.
10% of their allocation (~4.52 billion WLFI) will be burned.
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