- Pin
- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
- 🎊 12th Anniversary Celebration Continues — Limited-Time Revelry Round 3 is On!
Play twice a week to find the hidden anniversary cake and win prizes like iPhone 16 Pro, MacBook Air, exclusive merch, and more
✅ Just Log In to Start Playing: https://www.gate.io/activities/12th-anniversary?pid=APP&ch=s9ZCIeg6
Event Details: https://www.gate.io/announcements/article/44624
- 👩 Gate Post User Experience Survey is Now Live! 💻
💙 We sincerely invite you to participate in our survey — your valuable feedback will help us continuously improve and grow!
💰 Complete and successfully submit the questionnaire for a chance to share a $200 points prize pool!
👉 Join Now: https://www.gate.io/questionnaire/6641
⏰ Event Period: May 8, 8:00 AM – May 18, 6:00 PM (UTC)
- 🥳 Gate.io Challenge Alert! Which is the Correct Answer?
💰 $10 Points * 4 winners
To Join:
1️⃣ Follow Gate_Post
2️⃣ Like this post
3️⃣ Drop your answer in the comments
⏰ Ends at May 9, 10:00 AM (UTC)
US Treasury Secretary expresses support for crypto bills at hearing
Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.
Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome.
The Treasury Secretary, a Trump nominee, has stood by the president for significant announcements in crypto-aligned policy, including an executive order to establish a sovereign wealth fund and as a member of a working group to explore federal regulations for stablecoins and a national crypto stockpile. He suggested during a confirmation hearing that he would oppose the creation of any US-issued central bank digital currency while in office.
Related: Bitcoin ‘Realized Cap’ hits $890B as BTC traders focus on recapturing $100K
Democrats push back on crypto bills amid memecoin dinner controversy
Even before announcing that he intended to hold an exclusive dinner and VIP tour for some of his top memecoin holders, Trump faced scrutiny from many lawmakers over allegations of conflicts of interest surrounding his crypto ventures. However, the dinner announcement seemed to galvanize some Democrats against any crypto-related legislation.
Representative Maxine Waters, ranking member of the House Financial Services Committee, led a walkout of a hearing addressing the Republican-drafted crypto market structure bill on May 6, citing the need to explore “Trump’s crypto corruption.” A group of nine Democrats in the Senate likewise said they will not support the GENIUS stablecoin bill in its current form, suggesting stronger Anti-Money Laundering, foreign issuer, and national security safeguards.
It’s unclear at the time of publication whether Republicans, who control both chambers, will still have the votes to pass either bill.
Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions