Rough dollar performance and Treasury market selloff close out a tumultuous week

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It’s been quite a week. 

We had Manic Monday and then Blink Wednesday, followed by what I’ll dub “That Didn’t Last Long Thursday.” Sadly, today’s not shaping up to be Fun Friday. 

The good news: If you bought the S&P 500 when the president told you to, you’re still in the green. For now, at least. 

The bad news: everything else. Not to be dramatic. 

The dollar is slipping: The DXY is down 3.7% today from Wednesday and the euro is at a three-year high against USD. 

Treasury markets are still selling off — worse now than the Tuesday night meltdown that…

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Why Is Gold Outperforming Bitcoin?

Bitcoin BTC/USD and gold are parting ways in 2025, with the two assets following sharply different trajectories amid rising geopolitical tensions and shifting macroeconomic conditions.

What Happened: Gold has surged past $3,160/oz, driven by central bank accumulation, a pivot away from the U.S. dollar, and its enduring reputation as a safe-haven asset.

The metal’s stability has become a magnet for investors amid ongoing global instability and fears of a slowdown.

Bitcoin, on the other hand, has faltered.

After briefly climbing above $80,000 earlier this year, it slipped to $77,000 in April, marking its lowest level of 2025 so far.

The digital asset’s struggle is largely…

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Fusaka fork takes shape as Pectra enters final stretch

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With the Pectra fork now scheduled for May 7, Ethereum core developers have begun to shift their focus toward defining the next major upgrade: Fusaka. During yesterday’s All Core Devs call, the teams aligned on Pectra client release deadlines and began CFI’ing (considering for inclusion) a new set of EIPs for Fusaka.

Client releases for Pectra are expected by late next week, followed by a public announcement around April 22–23. Barring any last-minute issues, nodes will simply need to upgrade in time for the fork on May 7.

One proposal that didn’t make the cut: a small change to…

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First Bitcoin road trip proved it could be money, even in 2011

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

The world often feels very big. Billions of humans scattered across hundreds of countries, speaking thousands of languages and eating even more types of food.

But no matter how big it may seem, we can still reach out and touch it. You can just do things. 

Today’s Bitcoin Legend, Plato, understood that much earlier than almost anyone else in Bitcoin. Fourteen years ago, he set off on a road trip across North America with a pioneering plan: 

Make it from the East Coast to the West Coast without spending any dollars. 

Only bitcoin.

Bitcoin Legend — The Real Plato

Source:… Read more on Blockworks

LATEST: New York Bill Seeks to Legalize Bitcoin for State Payments

New York lawmakers are making headway in integrating cryptocurrency into public payment systems. Assembly Bill A7788 introduced by Assemblyman Clyde Vanel proposes amendments that would allow state agencies to accept digital currencies like Bitcoin and Ethereum for various public dues including taxes and fines. This move is a clear indicator of the state’s commitment to fostering blockchain technology and its applications.

With this legislation New York continues to position itself as a leader in cryptocurrency regulation following the introduction of another bill aimed at combating crypto fraud last month. The current proposal not only supports crypto payments but also includes a provision for a state service fee on such transactions ensuring that operational costs are covered.

As the bill moves to the Assembly Committee for further scrutiny its progress could significantly influence the future of digital asset transactions in government services. New York’s proactive approach could set a precedent encouraging other states to consider similar integration of modern payment technologies.

Assembly Bill A7788