Bitcoin Returns Above $100K as Trump Announces U.S.-U.K. Trade Deal | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 May 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry as bitcoin soared over $100,000 again.
Bitcoin soared over $100,000 again Thursday after U.S. President Donald Trump announced a trade deal with the United Kingdom. Plus, Arizona became the second U.S. state to sign a crypto reserve bill into law and the OCC is further relaxed rules to allow banks offer crypto services. CoinDesk's Christine Lee hosts "CoinDesk Daily."
-
This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bitcoin soaring over $100,000 again as U.S. President Donald Trump announces a trade deal with the United Kingdom. |
| 0:07.3 | It's Thursday, May 8th, 2025. I'm Christine Lee. This is Coiness Daily. |
| 0:16.9 | Bitcoin surging above $100,000 again after U.S. President Donald Trump announced a trade deal with the United Kingdom on Truth Social, saying it will raise $6 billion in external revenue from 10% tariffs, $5 billion in new export opportunities for ranchers, farmers, and producers. |
| 0:33.3 | There's further optimism surrounding U.S.-China trade talks scheduled for this weekend in Switzerland. |
| 0:38.3 | For a BitMex CEO, Arthur Hayes, telling Koiness, he believes that the U.S. and China will craft a trade deal that looks bold on paper but changes nothing of substance. |
| 0:47.4 | Eventually, he predicts Bitcoin will reach $250,000 by year end and $1 million by 2028, signing U.S. treasury-driven liquidity from |
| 0:56.6 | capital controls like treasury bond buybacks under Scott Besson. |
| 1:00.8 | Meanwhile, Arizona is the second U.S. state to pass a Bitcoin reserve bill. |
| 1:05.4 | Arizona governor, Katie Hobbs, signing legislation that allows the state to take ownership |
| 1:09.7 | of abandoned coins in the event that |
| 1:11.9 | the owner ignores messages sent within three years. It also establishes a Bitcoin and Digital |
| 1:16.9 | Asit Reserve Fund, which will allow the state to earn staking rewards and receive air drops to |
| 1:22.2 | earn revenue without relying on taxpayer funds. Last week, Hobbs vetoed a similar bill that would have allowed the |
| 1:28.5 | state to invest in Bitcoin using seized funds, calling crypto an untested investment. Earlier this |
| 1:34.8 | week, New Hampshire became the first U.S. state to sign a law establishing a crypto reserve. |
| 1:39.1 | The U.S. Office of the Comptroller, the currency issued interpretive letters Wednesday permitting |
| 1:44.0 | national banks to buy and sell customers' crypto assets held in custody. For office at the Comptroller the currency issued interpretive letters Wednesday permitting national |
| 1:44.6 | banks to buy and sell customers crypto assets held in custody, further easing restrictions on |
| 1:49.7 | cryptocurrency activities. Banks can also outsource crypto custody and execution services to |
| 1:54.8 | third-party providers, provided they meet the OCC's safety and soundness standards. This policy |
| 2:00.3 | shift reverses earlier guidance, |
| 2:02.3 | requiring banks to seek regulatory approval before engaging in crypto-related business and further |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.