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Today's Top Crypto Headlines:
US Stablecoin Bills Advances | Wintermute FDUSD Arbitrage | Trump Tariffs AI-Generated? and more...
King Fatrick Gil Añasco
April 04, 2025
In partnership with
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
US Stablecoin Bills Advance: The STABLE Act passed a House committee with bipartisan support, setting rules for payment stablecoins. It faced opposition from Rep. Maxine Waters over ties to Trump’s USD1 coin.
📈Technical Analysis Masterclass - It seems like XRP has no drive to go upwards yet. Watch UseTheBitcoin’s latest Youtube video “XRP in Danger? Bearish Signals Everywhere!” to see if chart indicators are signaling a continued bearish trend or join our Official Telegram Channel for more alpha!
Wintermute’s $3M FDUSD Arbitrage: Wintermute likely profited after FDUSD depegged to $0.87 due to insolvency rumors from Justin Sun. The firm redeemed 75M tokens at par following a discounted buy.
💡Feature of the Day - Trump Tariff Plan AI-Generated?: A viral theory claims Trump’s new trade tariff formula was AI-generated, possibly by ChatGPT. Users reproduced the formula using simple prompts.
All this and more in today’s headlines!
📰 News Highlights:
The US House Financial Services Committee passed the STABLE Act — a Republican-backed bill focused on regulating payment stablecoins like those tied to the US dollar.
The Committee is now considering H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, by @RepBryanSteil.
— Financial Services GOP (@FinancialCmte)
2:24 PM • Apr 2, 2025
Passed with a 32-17 vote, including support from six Democrats, the bill sets transparency and backing requirements for stablecoin issuers.
WATCH: @RepYoungKim in support of the STABLE Act:
"The state-chartered pathway that is included in this bill would preserve that innovation by giving small companies access to a regulator tailored to their risk and size."
📺⬇️
— Financial Services GOP (@FinancialCmte)
2:57 PM • Apr 2, 2025
Introduced by Chair French Hill and Bryan Steil, it was reportedly drafted with help from Tether.
H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 passed Committee 32-17.
— Financial Services GOP (@FinancialCmte)
3:04 AM • Apr 3, 2025
Leading Democrat Maxine Waters opposed the bill, warning it could empower Trump-linked entities, citing a potential conflict involving his family’s new stablecoin, USD1.
🚨NEW: Both the Senate’s GENIUS Act and the House’s STABLE Act have passed out of their respective committees.
So now what?
The bills await debate time on the floor and a vote in their respective chambers. In the meantime, two crypto lobbyists tell me there will likely be a
— Eleanor Terrett (@EleanorTerrett)
4:11 AM • Apr 3, 2025
Alongside the STABLE Act, another bill — the GENIUS Act — also progresses through Congress.
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📈Technical Analysis Masterclass:
🧩Chart Pattern
Descending Triangle Forming:
Series of lower highs
Support around $1.90 to $2
Typical of a bearish continuation pattern
Risk: If support breaks, XRP could drop to lower zones depending on market sentiment.
📉 Moving Averages
Price below MA ribbons
Indicates ongoing bearish momentum
No bullish reversal until price breaks above MAs
📊 RSI & MACD Indicators
RSI:
Still below 50 → Weak market momentum
MACD:
In the red zone
MACD line below signal line → Negative momentum
🔑 What XRP Needs for a Reversal
Strong Catalyst Required:
Positive partnership news
Tech upgrades
Legal case updates (e.g., favorable ruling)
XRP typically responds well to major announcements
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Wintermute may have executed a $3 million arbitrage opportunity after the FDUSD stablecoin depegged to $0.87 on April 2.
Since $FDUSD depegged, #Wintermute has transferred 75M $FDUSD to First Digital Labs.
They likely bought $FDUSD at a discount during the depeg and redeemed it 1:1 through First Digital—making a solid profit.
intel.arkm.com/explorer/addre…
— Lookonchain (@lookonchain)
9:50 AM • Apr 3, 2025
The depeg followed Justin Sun’s insolvency allegations against First Digital, the issuer of FDUSD.
FDUSD briefly depegged to $0.8726 after bankruptcy news.
After the depeg, #Wintermute withdrew 31.36M $FDUSD from #Binance.
Assuming they bought $FDUSD near the bottom at $0.90, they would make over $3M when $FDUSD returned to the peg.
intel.arkm.com/explorer/entit…
— Lookonchain (@lookonchain)
4:42 PM • Apr 2, 2025
Wintermute transferred 75 million FDUSD back to First Digital shortly after, likely purchasing them at a discount and redeeming them at full value.
First Digital stands firm: Justin Sun’s baseless accusations won’t distract from Techteryx’s own failures— our stablecoin FDUSD remains fully backed and solvent.
Read our official statement.
— First Digital (@FirstDigitalHQ)
8:46 AM • Apr 3, 2025
Lookonchain suggests Wintermute may have earned a solid profit if they bought near the $0.90 mark before FDUSD regained its peg.
💡 Feature of the Day:
A viral theory suggests Donald Trump’s new tariff formula — a minimum 10% levy on all countries — may have been generated by ChatGPT or similar AI tools.
ffs it's true
i was able to duplicate it in ChatGPT. it also told me that this idea hadn't been formalized anywhere before, and that it was something it came up with
ffs Trump admin is using ChatGPT to determine trade policy 😂😭
— DCinvestor (@iamDCinvestor)
1:42 AM • Apr 3, 2025
Several X users, including NFT collector DCinvestor and trader Cobie, claimed they recreated Trump’s announced trade formula using simple prompts in ChatGPT.
Trump team just asked ChatGPT and shipped it 😭😭
— Cobie (@cobie)
1:36 AM • Apr 3, 2025
The formula — calculating tariffs based on the US trade deficit divided by imports — matches the logic AI chatbots suggested.
Confirmed, chatgpt... exactly what the dumbest kid in the class would do, without edits
— Wojtek Kopczuk 🇵🇱🇺🇦 and 🇺🇲 (@wwwojtekk)
11:47 PM • Apr 2, 2025
While it could be coincidental, many believe it reflects early AI influence in policymaking.
This might be the first large-scale application of AI technology to geopolitics.. 4o, o3 high, Gemini 2.5 pro, Claude 3.7, Grok all give the same answer to the question on how to impose tariffs easily.
— rohit (@krishnanrohit)
12:14 AM • Apr 3, 2025
Experts, including editors and supply chain CEOs, confirmed the formula’s simplicity, noting it's the kind of logic ChatGPT commonly generates.
Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.
So we
— James Surowiecki (@JamesSurowiecki)
10:22 PM • Apr 2, 2025
😂 Crypto Meme of the Day:
Meme of the day provided by @poppemon
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com