US-UK reached trade deal BTC broke through $104,000

Reprinted from jinse

05/09/2025·15D

Headlines

▌The U.S.-UK reached a trade agreement but details are yet to be finalized

Trump announced at the White House on the 8th that the United States and the United Kingdom have reached a new trade agreement, partially withdrawing tariffs in specific areas, and further expanding market access to products from both sides. According to documents released by the White House, the first 100,000 cars exported from the UK to the United States each year will be taxed at an additional tariff rate of 10%, while the excess will be taxed at an additional tariff rate of 25%. The UK will cut or lift non-tariff barriers and expand market access to US beef, ethanol, cereals and other products and some industrial products. The British government issued a statement on its official website on the same day saying that tariffs on steel and aluminum products exported to the United Kingdom to the United States will be cancelled. The tariffs on cars imported from the UK to the US will be reduced from 27.5% now to 10%. In addition, within a certain quota, the United States will also impose zero tariffs on the export of British agricultural products. The UK will reduce tariffs on ethanol imported from the United States to zero. In addition, the White House emphasized that the 10% so-called "reciprocal tariffs" previously imposed by the United States on its trading partners will continue to be retained. (Xinhua News Agency)

▌ BTC breaks through $104,000

The market shows that BTC has broken through US$104,000 and is now at US$104,000.91, with a 24-hour increase of 7.37%. The market fluctuates greatly, please do a good job in risk control.

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$103,043, with an intraday increase of +6.1% ;

ETH's latest transaction price is US$2,189.20, with an intraday increase and decrease of +20.6% ;

BNB's recent transaction price is US$627.24, with an intraday increase of +4.0% ;

SOL's latest transaction price is US$163.72, with an intraday increase and decrease of +11.0 % ;

DOGE's latest transaction price is US$0.1959, with an intraday increase and decrease of + 13.7 % ;

XPR's recent transaction price is US$2.31, with an intraday increase and decrease of +8.6 % .

policy

▌ Ripple reaches $50 million settlement with SEC

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have formally reached an agreement that will end years of legal disputes if approved by a judge. Under the settlement deal filed in New York on Thursday, the parties agreed to a $50 million fine, well below the $2 billion originally requested by the SEC and was "part of the $125 million fine ruled by Southern District Court Judge Analisa Torres last year." The agreement confirms the “principle settlement” announced by Ripple in March.

Judge Torres ruled in 2023 that Ripple violated the Securities Act when selling XRP to institutional investors, but did not violate the Securities Act in the exchange of XRP for retail purchases. The case began in 2020 and was initiated by then-SEC Chairman Jay Clayton. Both parties have agreed to withdraw their respective appeals.

The settlement comes as "SEC completely withdraws a series of crypto- investigation and litigation initiated by former Chairman Gary Gensler during his tenure." After Trump took office and appointed "pro-crypto Paul Atkins as new chairman", the SEC's attitude towards crypto regulation has changed dramatically. Driven by news, XRP rose 9% on the day.

▌Former Celsius CEO sentenced to 12 years in prison for cryptocurrency fraud

Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for involvement in cryptocurrency fraud. According to Inner City Press, Masinski was arrested in 2023 and pleaded guilty to commodity fraud and fraudulent plans to manipulate the price of the company's token CEL. Judge John George Koeltl said Masinsky's actions caused people to lose their savings and cause psychological harm. Masinski's lawyers have requested a sentence of no more than 366 days, while prosecutors have demanded a sentence of 20 years in prison. Celsius filed for bankruptcy in 2022 and dissolved in 2024, with part of the funds being used to create Ionic Digital, a Bitcoin mining company.

Blockchain application

▌ Rumble will launch the unmanaged wallet with Tether on Q3

According to Golden Finance, Chris Pavlovski, CEO of video sharing platform Rumble, posted that Rumble will cooperate with Tether to launch Rumble Wallet, which is scheduled to be launched in the third quarter of this year. The wallet is positioned as a non-custodial, Bitcoin and stablecoin wallet with the goal of becoming a mainstream alternative to supporting the creator economy, competing directly with Coinbase.

▌ Meta once again "explores stablecoin integration" to reduce payment costs, and once sold Diem project

Meta is considering integrating stablecoins to reduce payment costs compared to fiat currencies, such as payments to Instagram creators. According to the report, "The company does not seem to have determined which stablecoin is used in detail." Additionally, Meta has “contacted crypto infrastructure companies to address the issue of fees paid across regions.” The company also hired "former Ripple executive Ginger Baker as vice president of product."

The re-focus on stablecoins comes as "U.S. regulators have adopted a more friendly attitude towards cryptocurrencies after President Trump's inauguration." In 2019, Meta launched the stablecoin project Libra, which was later renamed Diem, but "due to regulatory suppression, the project failed to be launched as scheduled and eventually closed." Diem's intellectual property has been sold to Silvergate Bank. Although the bank later declared bankruptcy, "the project continues in new chains such as Aptos in MOVE language, but no longer involves Meta."

Cryptocurrency

▌Euro Group Chairman: EU plans to track cryptocurrency transfers under new anti-money laundering regulations

According to a speech by Eurogroup Chairman Paschal Donohoe, the EU plans to track cryptocurrency transfers. Speaking at the 2025 European Anti-Financial Crime Summit yesterday, Donoho said that the EU is committed to applying long- standing anti-money laundering regulations to cryptocurrencies. Donoho is also the Minister of Finance of Ireland. Specifically, the Euro Group Chairman explained that the EU seeks to “record data of the senders and recipients of funds, which now applies to crypto asset service providers”.

Donoho said the expansion of such anti-money laundering regulations was "critical", adding that the EU hoped to "extend such regulations beyond more traditional forms of financial transfer" and achieve "transparency in crypto asset transfers".

▌ Coinbase CEO: The stablecoin bill still needs to be revised and voting may restart next week

Coinbase CEO Brian Armstrong said that the first vote on stablecoin legislation in the U.S. Senate is "the first round of negotiations" and a new round of votes is expected to be held early next week. He pointed out that the provisions of the bill "banning stablecoins from providing interest income" need to be amended, emphasizing that the GENIUS bill may eventually approach the president's signing in the form of bipartisan support. Armstrong said "52 million U.S. voters holding crypto assets are paying close attention."

▌ Jump Crypto acquires strategic equity in Securities to promote the development of institutional-level tokenization technology

Jump Crypto announced it had acquired a strategic equity stake in leading tokenization company Securities, but did not disclose the transaction amount. Jump Trading's crypto unit said the collaboration aims to accelerate institutional adoption of tokenized assets and drive the development of collateral management solutions. "This relationship will focus on improving institutional access to tokenized assets and promoting the development of collateral management solutions," said Securities. As of May 5, Securities has helped to manage tokenization of nearly $4 billion in assets, including Apollo, BlackRock, Hamilton Lane and KKR. "This is a signal that companies such as Jump are not only optimistic about tokenization, but also a reflection of their important role in the transformation of the capital market." At present, blockchain has represented more than $22 billion in real assets.

▌ MARA and CleanSpark 's revenue increased in the first quarter, but both recorded net losses

MARA and CleanSpark's first-quarter revenue increased by 30% and 63% year-on- year respectively, with MARA reaching US$214 million and CleanSpark reaching US$182 million. However, both companies recorded net losses, with MARA losing $533 million and CleanSpark losing $139 million. "We will maintain discipline in the way and location of expansion to maximize profitability," said Fred Thiel, chairman and CEO of MARA, in a letter to shareholders. "CleanSpark doubles down and becomes the only listed company that still sticks to a pure bitcoin mining business."

▌Trump ' s post "promoting XRP and other crypto reserves" was promoted by lobbyists, and I was furious after knowing the matter

Trump posted a post on March 2 on Truth Social that “will advance the strategic reserve of cryptocurrencies including XRP, SOL and ADA”. After a few hours, Trump felt fooled, furious and ordered Brian Ballard to be included in the White House “blacklist.” At that time, Trump was participating in a donation event at Mar-a-Lago. An employee of the well-known lobbying agency Ballard Partners lobbying the president in person many times, strongly advocating that Trump publicly expressed his support for the crypto industry. The lobbyist not only personally delivered a sample of the draft speech to Trump, but also repeatedly emphasized the importance of promoting the industry. Trump later realized that Ripple Labs, the company behind XRP mentioned in the tweet, was a customer of Ballard Partners.

Lobbying company Ballard Partners is run by American political lobbyist Brian Ballard, known for his close ties with Trump and was once considered an "insider" in the Trump administration. A few minutes after the president posted, David Sacks, the White House director of cryptocurrency and artificial intelligence, was furious and immediately called Chief of Staff Susie Wiles to protest. Trump also said in an internal meeting that Ballard "never want to participate in anything again" and that White House staff were instructed not to meet with Brian Ballard.

Despite being banned internally, Ballard received invitations to Trump’s fundraising event and successfully arranged for NFL executives to meet with the president, and evidence suggests Ballard has not cut ties with the White House.

Important economic trends

▌The three major U.S. stock indexes rose together, and the concept of cryptocurrency strengthened

US stocks closed on Thursday, with the Dow Jones Industrial Average initially closing up 0.6%, the S&P 500 rose 0.58%, and the Nasdaq rose 1.07%. Cryptocurrency concept stocks led the market, with Canaan Technology (CAN.O) rising nearly 9%, Robinhood (HOOD.O) rising 8%, and Strategy (MSTR.O) rising more than 5%. Google A (GOOGL.O) rose nearly 2%, while Tesla (TSLA.O) rose 3%.

▌The probability of the Federal Reserve keeping interest rates unchanged in June is 83.5%

According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in June is 83.5%, and the probability of cutting interest rates by 25 basis points is 16.5%. The probability of the Federal Reserve keeping interest rates unchanged in July is 29.1%, the probability of a cumulative interest rate cut of 25 basis points is 60.1%, and the probability of a cumulative interest rate cut of 50 basis points is 10.7%.

Golden Encyclopedia

▌What is general artificial intelligence

Unlike narrow-minded artificial intelligence (ANI) (using artificial intelligence to solve a single problem), general artificial intelligence (AGI) refers to artificial intelligence that can understand, learn, and apply knowledge in a way that is indistinguishable from human cognition. AGI is still in the theoretical stage, but the prospect of artificial intelligence being able to replace human input and judgment in an all-round way naturally attracts widespread attention, and researchers, technologists and scholars are working to turn the concept of AGI into reality.

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