Polymarket bettors currently see a 47% chance of a US recession in 2025. Bettors have bid up chances of a recession significantly over the last month, with chances going from roughly 22% in February to just under 50% in early April. The odds increase can likely be attributed to new global tariffs imposed by the US Government in response to tariffs imposed by other countries.

The House Financial Services Committee voted yesterday to advance five banking-related bills covering topics from stablecoins to the formation of new banks. Before the hearing, the American Bankers Association (ABA) provided statements for the record on four of the proposed bills.

The crypto world is abuzz this morning with news that exchange giant OKX hired New York Governor Andrew Cuomo to serve as adviser to the company in regards to a federal probe into OKX’s activities. OKX, which is legally based in Seychelles, would eventually plead guilty to a series of charges which included operating an unlicensed money transmitting business, which is in contravention of US Anti-Money Laundering (AML) laws.

More details have emerged around the joint venture between American Data Centers and mining behemoth, Hut8. Eric Trump, CSO of American Bitcoin, and CEO of Hut8, Asher Genoot, went on Bloomberg Crypto to talk about their new joint venture and what it means for Bitcoin and crypto more broadly.

It’s now harder to get that sweet USDT if you’re in the European Union.Binance announced yesterday the suspension of USDT trading for customers in the European Union. The move follows similar actions by other exchanges, including Kraken, Coinbase, and Crypto.com.

The White House announced pardons for BitMEX founders, Arthur Hayes, Ben Delo, and Samuel Reed on Friday. According to Reuters, the move was confirmed in an email from BitMEX.

DeFi platforms breathed a sigh of relief this month as the U.S. Senate voted 70-28 to repeal an Internal Revenue Service (IRS) rule that would have imposed broker-like tax reporting requirements. This rule, finalized in December 2024, sought to classify certain DeFi service providers as brokers, obliging them to collect user information and report transactions to the IRS starting in 2027.

President Trump recently announced his intention to build a digital asset national reserve. But what are the details and what what does all of this mean for average crypto holders? We felt it was only appropriate to dive into the nitty gritty and consider the issue from a few standpoints.

Recent developments related to the ongoing Trucker protest and occupation in Ottawa have led the Canadian federal government to take stark action. Let’s consider what this means from a DeFi-centric perspective.