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Paul Tudor Jones stated that Bitcoin, due to its fixed supply, is more suitable as an inflation hedge than gold, especially during periods of intensified monetary and fiscal stimulus. He warned that the US stock market is overvalued, with the current S&P 500 valuation implying negative returns over the next 10 years. He noted that the market capitalization to GDP ratio is close to the historical highs seen during the internet bubble era, which could increase the risk of a market correction and impact the federal budget deficit and the bond market.

Judge Lewis Kaplan has rejected the retrial motion filed by Sam Bankman-Fried. (CoinDesk)

According to Golden Ten Data on April 29, the latest research from the United States Geological Survey (USGS) indicates that the Appalachian region in the eastern United States contains enough lithium to reduce the country's reliance on imports for several centuries to come. The study shows that the area covering Maine, New Hampshire, and the Carolinas holds about 2.3 million tons of previously unnoticed lithium reserves that have economically viable mining value. These lithium deposits are enough to meet the needs of 130 million electric vehicles or 1.6 million grid-scale batteries. Based on the amount of lithium imported by the U.S. last year, these reserves could replace 328 years of imports.