DanB

JUST IN: Hyperliquid now trades more oil, gold, and silver than crypto.

Last night around 5pm I sat down to do some work. I opened my Rabby wallet to try out Espresso's new cross-chain mint product, Presto, that Rarible had just put live on mainnet. When I opened my wallet, I immediately saw that $30k was missing...

🇺🇸 THE U.S. TREASURY SECRETARY BESSENT JUST CONFIRMED TWO MAJOR STIMULUS PLANS. Treasury Secretary Bessent revealed that the administration is working on two separate initiatives aimed at supporting families and stimulating the economy. 1️⃣ $2,000 Rebate Plan Families earning under $100,000 could soon receive a $2,000 direct rebate. This would work as a tax credit or cash payment, putting money directly into households and increasing short term spending and liquidity. It’s designed to offset rising living costs and give a short term push to consumer demand. 2️⃣ Trump Accounts Program Every child born from January 1, 2025, for the next three years, will receive a $1,000 investment account automatically invested into the U.S. stock market. These accounts would grow with the market, turning new births into consistent inflows for equities, effectively linking population growth to capital market expansion. Both initiatives would be financed through the recent tax reform measures and are expected to directly inject liquidity into both households and markets. In simple terms: ➡️ More cash in the hands of consumers. ➡️ More money flowing into equities. ➡️ Stronger foundation for risk assets. Fiscal policy is turning easing and liquidity always finds its way to Bitcoin and crypto.