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What is the impact of the Federal Reserve's "Suffocation Point Action 2.0" on the crypto market?

On April 25, the Federal Reserve announced a major decision: to withdraw the regulatory guidance issued in 2022 regarding banks' encryption asset and dollar token operations, to abolish the related "no objection" procedure in 2023, and to withdraw from the policy statement on the risks of encryption asset operations previously jointly released with the Federal Deposit Insurance Corporation (FDIC) and the OCC.
Stifling Action 2.0 on the Marginalization of the Crypto Industry
"Choke Point Action 2.0 (Choke Point
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Vitalik and Balaji's Top Ten Predictions: Encryption, AI, and the Future Order

The article discusses the views of Vitalik and Balaji on future trends such as Crypto Assets, Decentralized Finance, and artificial intelligence. They believe that Ethereum is an equal platform for providing public goods, DeFi is becoming safer but still carries risks, stablecoins are changing the status of currency, artificial intelligence will not replace humans, and the medical field will also undergo a transformation with DeSci, leading to a reconstruction of the system. Both agree that the future world will be built on-chain with Crypto Assets.
ai-iconThe abstract is generated by AI
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Asymmetry, the underlying color of Bitcoin from the perspective of "value investing"

Original author: Daii (X: @yzdxs8)
Today, the price of Bitcoin has once again surpassed the $90,000 mark, and market sentiment is high, with social media filled with cheers of "the bull is back." However, for those investors who hesitated at $80,000 and missed the opportunity to get on board, this moment feels more like an inner interrogation: Am I late again? Should I decisively buy during a pullback? Will I have another chance in the future?
This is exactly the key point we want to discuss: Is there really a "value investing" perspective in Bitcoin, an asset known for its extreme volatility? Can a strategy that seems contrary to its "high risk and high volatility" properties capture an "asymmetric" opportunity in this tumultuous game?
The so-called asymmetry in the investment world refers to the potential gains being far greater than the potential losses, or vice versa. It doesn't seem like this is something Bitcoin would possess.
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Salman Banaei's latest appointment may strengthen the legal leadership of Plume Network.

Compiled by | Odaily
Translator|Ethan (@ethanzhang\_web3)
![Salman Banaei's latest appointment, Plume Network may strengthen its legal leadership](https://piccdn.0daily.com/202504/24101810/9f1t1ooxmrq51yr6.jpeg!webp)
Plume Network, a full-stack RWAfi chain development team, today announced the appointment of B. Salman Banaei as the new General Counsel. In this position, Mr. Banaei will lead the formulation of legal, policy, and compliance strategies to assist Plume in expanding its open blockchain infrastructure in collaboration with over 180 institutions.
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