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Bitcoiners were first to realize US economic data ‘was wrong’ — Pompliano

Bitcoin (BTC) holders were the first to point out flaws in the United States economic data and position themselves for the potential upside, says crypto entrepreneur Anthony Pompliano.

“Bitcoiners were the first large-scale group to recognize the economic data was wrong, and they figured out a way to financially capture upside if they were right,” Pompliano said in an April 12 X post.

Pompliano foresees more will realize data is “inaccurate”

“The unspoken secret as to why so many finance folks are wrong in their analysis of the tariffs is because the finance folks believe the government data,” he added.

Amid the widespread uncertainty and ongoing fear over US President Donald Trump’s imposed tariffs, Pompliano questioned the accuracy of US inflation figures, job numbers, and GDP statistics. He added that “eventually everyone else will realize the data is inaccurate.”

Crypto gaming and gambling ads ‘most expensive’ for onboarding users

Crypto gaming and gambling campaigns are the most expensive way to acquire users with existing crypto wallets, ranking highest in cost among all sectors of the crypto industry, recent data shows.

“Gaming and gambling campaigns are the most expensive, with a median CPW of $8.74 and a lower quartile of $3.40,” Web3 marketing firm Addressable co-founder Asaf Nadler said in a recent report posted on X. CPW, or cost per wallet, is deemed a higher “quality” metric because it tracks the cost of website visitors with a crypto wallet already installed in their browser.

“Higher churn” rate may be to blame

Nadler previously told Cointelegraph that their analysis data showed that users with a wallet are more likely to convert to crypto products.

CPW across different regions during the bull markets in Q1 an Q4 of 2024. Source: <a data-ct-non-breakable="null" href="https://x.com/AsafNadler/status/1901655081470087282" rel="nofollow noopener"

Senator Tim Scott is confident market structure bill passed by August

Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025.

The chairman also noted the Senate Banking Committee’s advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025, as evidence that the committee prioritizes crypto policy. In a statement to Fox News, Scott said:

“We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.”

Scott’s timeline for a crypto market structure bill lines up with expectations from Kristin Smith, CEO of the crypto industry advocacy group Blockchain Association, of market structure and stablecoin legislation being passed into law by August.

The Trump administration has emphasized

US Social Security moves public comms to X amid DOGE-led job cuts — Report

The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon Musk.

According to anonymous sources who spoke with WIRED, the government agency will no longer issue its customary letters and press releases to communicate changes to the public, instead relying on X as its primary form of public-facing communication.

The shift comes as the SSA downsizes its workforce from 57,000 employees to roughly 50,000 to reduce costs and improve operational efficiency. The agency issued this statement in February 2025:

“SSA has operated with a regional structure consisting of 10 offices, which is no longer sustainable. The agency will reduce the regional structure in all agency components down to four regions. The

Trump exempts select tech products from tariffs, crypto to benefit?

United States President Donald Trump has exempted an array of tech products including, smartphones, chips, computers, and select electronics from tariffs, giving the tech industry a much-needed respite from trade pressures.

According to the US Customs and Border Protection, storage cards, modems, diodes, semiconductors, and other electronics were also excluded from the ongoing trade tariffs.

“Large-cap technology companies will ultimately come out ahead when this is all said and done,” The Kobeissi letter wrote in an April 12 X post.

US Customs and Border Protection announces tariff exemptions on select tech products. Source: US Customs and Border Protection

The tariff relief will take the pressure off of tech stocks, which were one of the biggest casualties of the trade war. Crypto markets are correlated with tech stocks and could also rally as risk

Asia holds crypto liquidity, but US Treasurys will unlock institutional funds

Opinion by: Jack Lu, CEO of BounceBit

For years, crypto has promised a more open and efficient financial system. A fundamental inefficiency remains: the disconnect between US capital markets and Asia’s liquidity hubs.

The United States dominates capital formation, and its recent embrace of tokenized treasuries and real-world assets signals a significant step toward blockchain-based finance. Meanwhile, Asia has historically been a global crypto trading and liquidity hub despite evolving regulatory shifts. These two economies operate, however, in silos, limiting how capital can move seamlessly into digital assets.

This isn’t just an inconvenience — it’s a structural weakness preventing crypto from becoming a true institutional asset class. Solving it will cause a new era of structured liquidity, making digital assets more efficient and attractive to institutional investors.

The capital bottleneck holding crypto back

Inefficiency between US capital markets and Asian crypto hubs stems from regulatory fragmentation and a lack of institutional-grade financial instruments.

US firms hesitate

CZ claps back against ‘baseless’ US plea deal allegations

Changpeng “CZ” Zhao, former CEO of Binance, has denied claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).

In an April 11 report, The Wall Street Journal cited unnamed sources alleging that CZ had agreed to testify against Sun under the terms of his settlement with US prosecutors.

“As part of Zhao’s plea deal, he agreed to give evidence on Sun to prosecutors,” an “arrangement” that “hasn’t previously been reported,” the WSJ report stated, citing sources familiar with the matter.

“WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 X post. “People who become gov witnesses don’t go to prison. They are protected. I heard someone paid WSJ employees to smear

NFT trader sells CryptoPunk after a year for nearly $10M loss

An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market.

A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH) worth more than $6 million at the time of writing.

The investor originally purchased the NFT for 4,500 ETH, or roughly $15.7 million, a year ago, according to blockchain analytics firm Lookonchain.

“Did he only lose 500 $ETH($774K)? No—he actually lost $9.73M!” Lookonchain wrote in an X post. “When he bought it, $ETH was trading at $3,509. By the time he sold, $ETH had dropped 57%,” the platform added.

CryptoPunk buy and sell. Source: Arkham Intelligence / Lookonchain

Despite the steep loss, the $6 million transaction still ranks as the largest NFT sale over the past 30 days, according

Bitcoin still on track for $1.8M in 2035, says analyst

Bitcoin remains on track to surpass $1.8 million by 2035 despite recent price corrections and waning investor appetite caused by ongoing global trade tensions, according to Joe Burnett, director of market research at Unchained.

Speaking during Cointelegraph’s Chainreaction live show on X, Burnett said that Bitcoin is still in a long-term bullish cycle and could potentially rival or surpass gold’s $21 trillion market capitalization within the next decade.

Despite tariff uncertainty limiting risk appetite among investors, research analysts remain optimistic about Bitcoin’s (BTC) long-term prospects for the next decade.

“When I think about where Bitcoin will be in 10 years, there are two models I admire,” Burnett said. “One is the parallel model, which suggests that Bitcoin will be about $1.8 million in 2035.” “The other is Michael Saylor’s Bitcoin 24 model, which suggests Bitcoin will be

How to mine Bitcoin at home in 2025

Key takeawaysLottery mining is cheap and fun, but don’t count on hitting a block.Solo ASIC mining gives you complete control, but it’s a long-odds game.Pool mining is the most practical way to earn steady payouts at home.Cloud mining saves you the hassle but usually isn’t worth the cost.

Bitcoin is rapidly gaining legitimacy, and you couldn’t be blamed for wanting to peek behind the curtain to see how it’s made.

Throughout 2024 and into 2025, you’ve seen a whirlwind of institutional investment from companies like Strategy, which continues to aggressively accumulate Bitcoin (BTC), and Metaplanet, Japan’s listed company that recently adopted BTC as a treasury reserve asset.

Moreover, on the regulatory front, the return of a US President Donald Trump administration signals a friendlier stance toward crypto, with talk of rolling back SEC overreach and possibly supporting US-based mining.

Across the Atlantic, the MiCA (Markets in Crypto-Assets) regulation has gone into effect in the