Night Express | The "killer application" of Crypto Assets is the US dollar

1. Musk is about to leave his unfulfilled ambitions for DOGE.

On May 29, Musk confirmed the news of his departure in a post on X and thanked President Trump for "providing the opportunity to reduce wasteful spending." The White House removed Musk from his position as a special government employee on Wednesday evening local time.

2. Contract whale James Wynn finally blew up, and after losing everything, even the gambler won't leave the table.

Recently, Bitcoin has fluctuated at a high level, James Wynn is like a monkey performing acrobatics on a tightrope, opening orders in large positions many times, jumping repeatedly between long and short, and on May 29, when all the profits on his Hyperliquid will be vomited, he also said on X, "Is $80 million a fortune?" These days, $80 million can't buy a superyacht. When billions of dollars are traded with 40x leverage, this money is considered a normal fluctuation. You go your way, I'll go mine. "The profit it takes back is all its earnings in the last 70 days.

4. The "killer application" of cryptocurrency is the US dollar.

In the Pantera January 2024 blockchain investor letter, the discussion revolved around how cryptocurrency has become a "satirical answer to de-dollarization." With bipartisan support for the GENIUS Act in the Senate and the new government's continued emphasis on dollar-backed stablecoins, we believe that blockchain is increasingly being viewed as a strategic tool to sustain the dominance of the dollar.

5. Michael Saylor: 21 Ways to Wealth through Bitcoin

On May 29, 2025, U.S. time, Strategy CEO Michael Saylor delivered a keynote speech titled "21 Ways to Wealth" at the Bitcoin 2025 conference.