The White House is preparing a major announcement on a Bitcoin reserve expected in the coming weeks.

The BITCOIN Act has been renamed ARMA, aiming to buy up to 1 million BTC over 5 years.

Congress is working to enshrine the initiative into law.

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⚡️ JUST IN: Monad has been suspended on X.

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🔮 Polymarket Profits Driven by Small Trader Group

A report from researchers at the London Business School and Yale University reveals that only 3% of users on Polymarket are qualified traders.

Together with market makers, this group earns over 30% of the platform's total profits. Meanwhile, 67% of accounts labeled as "unlucky" or "inexperienced" bear the majority of the platform's aggregate losses.

The authors conclude that Polymarket's data accuracy reflects the "wisdom of an informed minority, not the wisdom of the crowd."

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🔗 OnChain: $DEXE

5 newly created wallets withdrew a total of 512,018 DEXE tokens worth $7.52M from Binance.

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Ripple is covering Las Vegas with its billboards.

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🙂‍↕️ Block Unveils Bitkey Hardware Wallet and More

Block, founded by Jack Dorsey, announced several updates including the Bitkey 2.0 hardware wallet featuring a touchscreen, 2-of-3 multisig, and no seed phrases.

Cash App now supports automatic BTC conversion and offers 5% cashback at Square merchants.

Purchases of BTC over $2,000 have zero fees.

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⚡ JUST IN: Polymarket seeks CFTC approval to launch its main exchange in the US.

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🔈 OpenAI Plans AI-Centric Smartphone by 2028

OpenAI is developing a smartphone featuring a single AI agent instead of traditional apps, with the interface and user experience fully centered on AI.

The project is in collaboration with MediaTek and Qualcomm, while Luxshare will handle manufacturing.

Final specifications are expected to be confirmed between 2026 and 2027, aiming for a launch in 2028.

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⚡️ JUST IN: PUMPFUN claims to have burned all bought-back PUMP tokens, worth around $370M or about 36% of circulating supply to gain trust with its community.

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Banks profit when you're in debt.

Corporations profit when you spend.

Governments profit when you're an employee.

You profit when you're financially educated.

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💬 Elon Musk Calls OpenAI CEO a Scam

Elon Musk called OpenAI CEO Sam Altman "Scam Altman" after sharing an exposé from Grok.

Meanwhile, ZachXBT reminded the market about World Network (WLD), which launched a token with only about 1.4% free float, a scheme often compared to FTX practices.

The project collected biometric data from residents of poor countries in exchange for tiny WLD payments.

The "identity verification" idea created a black market for verified accounts. Insiders have been steadily dumping tokens OTC while supply keeps growing.

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10 crypto protocols were exploited in the past 10 days, according to DeFiLlama data.

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⚡️ JUST IN: Trust Wallet announces HyperLiquid is now live in Trust Wallet.

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⚡️ JUST IN: CZ shares Trust Wallet’s Hyperliquid integration announcement and states “One wallet, all access.”

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🪙 An Ethereum ICO whale woke up after 11 years

An investor who bought 10,000 ETH in 2015 for just $3,100 moved the coins to a new address for the first time in over a decade.

Their current value is about $23 million.

Such moves often signal preparation for a sale.

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😚 Fed Keeps Rate at 3.75%

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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Real

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The US will refund Trump tariffs from May 11 after the Supreme Court ruled them illegal, up to $166 billion.

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Tether minted 1,000,000,000 USDT.

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📉 American Bitcoin Boosted Eric Trump's Wealth Amid Retail Losses

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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