🚨 Web3 Wrap-Up: Today’s Top Crypto Headlines You Need to Know

News

⚖️ GENIUS Act: Leaders Slam Senate Over Regulatory Gridlock on Stablecoins

The crypto community is once again plagued by the regulatory uncertainty surrounding stablecoin, as the US Senate has failed to advance the much-anticipated GENIUS Act. The Senate’s inaction has sparked a fresh wave of commentary from prominent figures, including Scott Bessent, John Deaton, and Senator Cynthia Lummis.

📊 US China Trade War: Donald Trump Makes U-turn, Proposes 80% Tariffs

Ahead of the much-anticipated May 10 US China trade war talks, US President Donald Trump seems to have extended an olive branch by proposing to lower tariffs to 80%. However, the president indicated that any move to reduce tariffs will depend on how negotiations go between the US Treasury Secretary and his Chinese counterpart.

Markets

🔮 Why is Crypto Market Going Up and Price Predictions on Uniswap, Floki, Fartcoin

The crypto market rallied today, May 9, continuing a trend that has been going on in the past few days. This surge happened as the crypto fear and greed index turned green and as the macroeconomic risks on trade subsided. This article explains why the cryptocurrency market is going up and then provides price predictions for some of the top gainers like Uniswap (UNI), Floki (FLOKI), and Fartcoin (FARTCOIN).

📢 Bitcoin’s Implied Volatility Remains Low, But Hints at More Upside for BTC Price

Bitcoin (BTC) price soared 7.33% on May 8, setting up a daily high of $104,175. In total, BTC has soared nearly 22% since April 21. Despite this sudden spike and millions in liquidations, BTC’s 30-day Implied Volatility (IV) remains around 48 for the ninth day.