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03 May 2025

PBA May 3 | Bitcoin Retreats From 97k | DOGE Cuts Federal Jobs | Lombard Bitcoin Yields

PBA May 3 | Bitcoin Retreats From 97k | DOGE Cuts Federal Jobs | Lombard Bitcoin YieldsPB dives into the week’s market action, starting with Bitcoin’s tease at 97k before settling back. The macro segment dissects the aggressive US federal workforce cuts, the most significant since the Reagan era, driven by the Department of Government Efficiency (DOGE). In crypto news, PB discusses Deribit potentially eyeing a move into the US market under a friendlier administration, Kraken’s impressive takedown of a North Korean hacker attempting infiltration via a job application, and the launch and early success of Kaia Chain aiming to be Asia’s dominant Layer 1. DeFi discussion covers Lombard’s LBTC seeking to bring liquid staking yield to Bitcoin holders, Sei Network’s potentially strategic launch of a US nonprofit foundation, and SkateChain’s debut with its private AMM and initial v

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