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The bill narrowly passed with a 215-214 vote

It contains many provisions, from new tax breaks to defense and border security

The Senate is next in line to review the bill

Today, the US House of Representatives narrowly passed (215-214 vote) President Donald Trump’s comprehensive tax and spending legislation, known as the One Big Beautiful Bill Act. This now moves to the Senate, where it faces further deliberation.

The bill contains many provisions as it seeks to make permanent the tax cuts introduced in 2017. It introduces exemptions for tips, overtime pay, and car loan interests, and raises the state and local tax (SALT) deduction cap from $10,000 to $40,000 for incomes under $500,000.

It also increases the child tax credit to $2,500 through 2028, which then reverts to $2,000, and establishes $1,000 savings accounts for children born during Trump’s second term. The 5% tax on remittances is part of the package, too.

The legislation tackled the defense and border security as well, allocating around $150 billion to defense, including a $20 billion missile defense system. The rest is going to border security, with $50 billion assigned for completing the so…

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Trump’s dinner with top investors signals a crucial moment for the TRUMP token’s future.

TRUMP coin’s tight supply and rising volume increase volatility and short-term momentum.

Justin Sun’s involvement hints at TRON partnership, boosting TRUMP’s ecosystem potential.

In a dramatic collision of politics, finance, and digital currency, former President Donald Trump is hosting an exclusive dinner tonight at his golf club near Washington, D.C. The gathering includes over 200 top investors in the TRUMP meme coin. These individuals either currently hold or have previously held large amounts of the token. 

The event marks a pivotal moment not only for the cryptocurrency’s short-term momentum but also for its long-term credibility. Investors are bracing for the unveiling of a new TRUMP-related product during the dinner, a move that could significantly impact the token’s future.

Rising Price, Rising Hype

The TRUMP coin has surged recently, climbing 9.59%  to reach $15.80. This momentum follows a steady increase from the $14.50 level earlier in the day. Significantly, trading volume soared to $2.36 billion up over 35% signaling renewed interest from b…

The post Trump’s Crypto Dinner Sparks Surge in $TRUMP Token, But Is It Sustainable? appeared first on Coin Edition.

FIFA is launching a dedicated layer-1 blockchain using Avalanche’s customizable infrastructure.

The new blockchain replaces Algorand and supports Ethereum-compatible applications.

FIFA has not disclosed future product plans beyond its NFT marketplace and collectibles.

Global football authority FIFA has announced a major new phase in its Web3 strategy, revealing a partnership with Avalanche to create a dedicated Layer-1 blockchain. This strategic move sees FIFA transitioning its blockchain operations from its previous partner, Algorand, to the Avalanche network, which was recently bolstered by its Avalanche9000 upgrade aimed at supporting enterprise-grade deployments.

According to an announcement, FIFA will build a customizable Layer-1 blockchain leveraging Avalanche’s robust infrastructure. This platform, referred to internally as the “FIFA Blockchain,” is structured as a Layer-1 network, similar in concept to what Avalanche has previously described as a subnet. This dedicated blockchain is designed to offer the scalability and performance features tailored to FIFA’s evolving digital engagement plans.

John Nahas, Chief Business Officer at Ava Lab…

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Arthur Hayes said that this is an embarrassment and will make others think twice about loading up on treasuries

The Norinchukin Bank had previously held a big portion of its ¥45 trillion ($315.5 billion) portfolio in foreign government bonds

The 30-year US Treasury yield climbed to 5.089%, which is the highest since October 2023, following a weak 20-year bond auction

Norinchukin Bank announced a loss of approximately $12.6 billion (¥1.8 trillion) for the fiscal year ending March 2025, primarily due to big losses on its holdings of foreign government bonds, especially US Treasuries and European sovereign debt.

This didn’t come out of nowhere, since the bank was forecasting a loss of ¥1.9 trillion back in February, with the CEO announcing his resignation. Today, the loss became official.

Arthur Hayes, co-founder of BitMEX, commented on the situation, saying that this is an embarrassment and will make others think twice about loading up on treasuries. He also stated: “There goes another price incentive buyer of the doo doo that The BBC needs to sell. All eyes are on the Brrrr button.”

His comments are likely referencing the notion that the Federal…

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Standard Chartered’s Foo Ken Yap predicts a US Federal Reserve interest rate cut despite fiscal concerns.

Morgan Stanley offers a contrasting view, warning of stagflation and recession for US economy in 2025.

Despite uncertainty, Bitcoin (BTC) hits new ATH as investors seek alternative havens like gold.

Senior Investment Strategist at Standard Chartered Bank, Foo Ken Yap, has predicted that the US Federal Reserve will cut interest rates despite expectations to the contrary from various market quarters. According to Yap, the Fed will likely take the unexpected action to cushion the bond market impact and lend support to the overall economic growth.

The research strategist acknowledged the escalating concerns over the US fiscal deficit. However, he predicted that the US 10-year Treasury bond yield would decrease from  4.59% to 4% – 4.25%. Alongside this, Yap and his team at Standard Chartered Bank maintain an optimistic stance on US stocks.

Standard Chartered’s Yap: Fed to Cut Rates, Boosting Bonds and Stocks

The bank’s research reflects its belief that significant corporate investment and resilient earnings expectations will continue to support the mar…

The post Will The Fed Cut Rates? Standard Chartered Says Yes, Despite Fiscal Deficit, Stagflation Talk appeared first on Coin Edition.

Coinbase hacker uses Thorchain for a $42.5M BTC to ETH cross-chain crypto swap activity.

Decentralized protocol Thorchain identified as key tool in Coinbase hacker’s fund launder.

PeckShield reports Coinbase hacker utilized Thorchain in converting stolen crypto to DAI.

The hacker tied to a significant data breach at Coinbase has reappeared on-chain, kicking off large-scale crypto swaps and dispatching threatening messages aimed squarely at blockchain investigator ZachXBT. The attacker, who managed to breach sensitive data from over 69,000 Coinbase users, has now funneled tens of millions in digital assets across different chains, in a renewed and bold display of control over the stolen funds.

Fresh activity flared up on May 21, when the attacker tapped Thorchain, a decentralized protocol known for facilitating cross-chain swaps. They used it to exchange an estimated $42.5 million worth of Bitcoin (BTC) for Ethereum (ETH). Blockchain data clearly shows these transactions bypassed intermediaries, highlighting the hacker’s use of unapproved, decentralized protocols to launder substantial amounts of crypto.

Shortly after completing the BTC to ETH swap, the hac…

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EU’s MiCA regulations trigger Tether (USDT) withdrawal from major European crypto exchanges.

Ripple’s MiCA-compliant RLUSD stablecoin is positioned to fill the void left by USDT in Europe.

MiCA’s impact could boost XRP as RLUSD gains traction on the XRP Ledger and Ethereum.

The European Union’s new MiCA regulations have sent shockwaves through the crypto ecosystem. These rules aim to bring stability to stablecoins, but the fallout has been swift and disruptive. Tether, the issuer of USDT, the most widely used stablecoin globally, has started withdrawing its flagship product from major European crypto exchanges. 

This strategic retreat by Tether, driven by what it evidently sees as challenging regulatory hurdles under MiCA, is creating a noticeable vacuum in the continent’s digital asset markets. Observers note that USDT liquidity has begun to tighten on these platforms, leaving traders and protocols scrambling for viable alternatives. In this turbulent environment, Ripple’s RLUSD stablecoin appears to be quietly gaining ground, set to reshape the competitive field.

Hey Jake,
How does Tether not being MiCA compliant and not being compliant with the Ge…

The post XRP Price Set to Gain as Ripple’s RLUSD Taps Mica-Driven EU Market Gap appeared first on Coin Edition.

After a strong breakout above $2,500, the Ethereum price today is trading near $2,667, sustaining bullish momentum despite signs of temporary consolidation. The recent rally has been fueled by a broader shift in sentiment and a clean break above the descending trendline seen on daily and 4-hour charts. With volatility increasing and several indicators signaling overbought conditions, traders are now asking: Why is the Ethereum price going up today, and can the rally extend toward the $2,745 resistance?

Highlights

Ethereum price breaks through key trendline, retesting $2,667 with rising momentum

RSI and MACD flash signs of bullish continuation but with short-term overbought risk

Price structure now targets $2,745–2,800 as next resistance, while $2,564 holds as key support

What’s Happening With Ethereum’s Price?

ETHUSD price dynamics (May 2025) Source: TradingView.

The Ethereum price action over the last 72 hours has been decisive. ETH surged from a near-term base around $2,360 to reclaim the $2,600 psychological threshold, triggering a fresh wave of bullish conviction. This move confirms a breakout from the symmetrical triangle observed on the 4-…

The post Ethereum ($ETH) Price Prediction for May 23: Bulls Eye $2,745 After Breakout Above $2,500 appeared first on Coin Edition.

The Ripple lawsuit’s outcome could reshape global financial infrastructure, says SMQKE.

A complete victory for Ripple could help financial institutions adopt blockchain technology.

Ripple and the SEC seek another chance to reach a settlement in the ongoing case.

SMQKE, a well-known crypto researcher, believes that the result of the Ripple lawsuit may launch a new stage in global financial infrastructure. American lawyer James C. Spindler made this claim in his legal report titled “SHAQ, RIPPLE AND THE FUTURE OF CRYPTO REGULATION.” The report was prepared and released by William & Mary Law School.

SMQKE stated that if Ripple won, it would give banks and asset managers a clear path to use blockchain for main financial activities. The findings reveal that Judge Analisa Torres found that a portion of Ripple’s XRP sales was not in violation of securities laws. Legal experts claim that Ripple’s initial XRP release was the same as selling shares in an unwritten corporate value.

Ripple’s Win Could Redefine Financial Systems

If Ripple prevailed, SMQKE expected that financial institutions could use Ripple’s results to plot the future of their core functio…

The post Ripple vs SEC: How the Outcome Could Reshape Financial Infrastructure Forever appeared first on Coin Edition.

Volatility Shares launches first 1x XRP futures ETF on May 22, boosting market interest.

Over 60 million XRP sold by whales in 72 hours, signaling major portfolio moves.

CME recently introduced XRP and Micro XRP futures, boosting institutional access to XRP.

Volatility Shares is preparing to launch the industry’s first XRP futures ETF on May 22. Trading under the ticker XRPI, the product will mainly invest in XRP futures contracts. This is a significant moment for XRP, since it allows investors to access XRP through regulated investments rather than holding the token directly.

The launch occurred after XRP futures were introduced on the Chicago Mercantile Exchange (CME). The launch of XRP derivatives on CME reflected the rising need among institutions for regulated XRP products. 

Bloomberg analyst Eric Balchunas has pointed out that the Volatility Shares ETF is the first of its kind in the crypto market, unlike the current 2x leveraged XRP ETFs. He foresees that the new fund will attract investors and thus encourage more adoption of XRP futures.

VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x X…

The post XRP Futures ETF Debuts as Whales Sell 60M Tokens — What’s Next for XRP? appeared first on Coin Edition.

$160M of $220M+ stolen SUI funds from Cetus DEX hack are frozen, set for return.

Initial Cetus hack drained its liquidity pool, causing a ~40% CETUS token price drop before this recovery.

CPO confirmed the SUI fund recovery; HIPPO project had offered Cetus support post-attack.

In a significant and rapidly developing situation, $160 million of over $220 million in stolen SUI-related funds have reportedly been frozen and are slated to be returned to Cetus pools. 

This major breakthrough, announced by a Chief Product Officer (CPO) familiar with the matter, comes swiftly after a hacker attacked CETUS, a top SUI ecosystem decentralized exchange (DEX), draining its liquidity pool and causing the CETUS token’s price to initially nosedive.

The initial attack saw the hacker withdraw the CETUS liquidity pool (LP), leading to an immediate and sharp 40% plunge in the crypto asset’s value. According to data from TradingView, CETUS, which surged about 16% on Thursday morning by rallying from a $0.21928 opening price to a $0.24563 daily high, quickly reversed course. Following the attack, the cryptocurrency was trading around $0.17174, with full details of the hack s…

The post SUI/Cetus Hack Update: $160 Million Of Over $220 Million Stolen Crypto Is Now Frozen appeared first on Coin Edition.

Bitcoin hits $111K, breaking weeks of sideways price action.

Analyst sees BTC reaching $300K–$315K by early 2026.

Institutions, not retail, are leading this current bull cycle.

Bitcoin (BTC) shattered its previous records, reaching a new all-time high (ATH) of $111,861.22 earlier today. This decisive move saw the world’s largest cryptocurrency break free after being stuck for weeks in a tight trading range between $104,000 and $107,800, igniting a fresh wave of bullish momentum.

As the market digests this new peak, former tech CEO Mike Alfred has shared some bold predictions for where Bitcoin might be heading next, suggesting this rally has significant legs, largely thanks to a different breed of investor this time around.

Mike Alfred’s Bullish Case: Bitcoin on Track for $200K-$315K

In a recent interview, Mike Alfred laid out his ambitious targets for Bitcoin. “We’re on track for $200,000 to $315,000 soon,” Alfred said, reminding everyone that he’s been publicly targeting those numbers since Bitcoin was trading between $16,000 and $20,000 during the last market bottom.

According to the expert, unlike previous crypto cycles, which were hea…

The post Bitcoin Breaks Out of Range, Analysts Target $315K Peak appeared first on Coin Edition.

ICP jumps 6.7% as it enables secure cross-chain transfer without risky third-party bridges.

Wrapped BTC, ETH, USDT, and USDC on ICP are backed 1:1 using Chain-Key cryptography.

ICP offers secure, fast, cheap transactions for DeFi and gaming, avoiding $2B+ in bridge hacks.

Internet Computer Protocol (ICP) has gained 6.7% in the past 24 hours as attention turns toward its approach to cross-chain asset bridging. The blockchain offers wrapped versions of major cryptocurrencies without relying on vulnerable third-party bridge protocols.

According to data analytics firm Santiment, ICP supports wrapped versions of Bitcoin (ckBTC), Ethereum (ckETH), Tether (ckUSDT), and USD Coin (ckUSDC). These “ck” tokens maintain 1:1 backing with their original counterparts while operating natively within the ICP ecosystem. The price performance shows steady growth across multiple timeframes, with ICP up 19.2% over the past month.

Did You Know: Internet Computer (ICP) supports wrapped, on-chain versions of major crypto assets like Bitcoin (ckBTC), Ethereum (ckETH), Tether (ckUSDT), and USD Coin (ckUSDC). These "ck" tokens are 1:1 representations of their original counterparts,…

The post Internet Computer Implements Native Cross-Chain Bridging Without Third-Party Risks appeared first on Coin Edition.

Hyperliquid (HYPE) price rallied over 17% in two days before facing resistance at $31.91.

Momentum indicators such as RSI and MACD suggest cooling off after short-term overbought signals.

A sustained move above $31 could open doors to $33.80, while key support sits near $28.50.

After a spectacular rally earlier this week, the Hyperliquid (HYPE) price today is trading near $30.95, marginally down from its recent high of $31.91. The sharp breakout from the $27–$28 accumulation range has drawn attention to the token’s short-term trajectory, particularly as technical indicators begin flashing early signs of exhaustion.

Despite this mild pullback, the broader structure remains tilted in favor of the bulls, with key support levels aligning at recent breakout zones. Investors are now watching whether the rally has more steam or if profit-taking will trigger a sharper retracement.

What’s Happening With Hyperliquid (HYPE)’s Price?

HYPEUSD price dynamics (Source: TradingView)

The current Hyperliquid (HYPE) price action reflects a strong breakout from consolidation supported by surging demand. On the 4-hour chart, HYPE exploded above its Bollinger Band m…

The post Hyperliquid (HYPE) Price Prediction for May 23: Bulls Aim to Sustain Momentum Above $30 appeared first on Coin Edition.

Bitcoin (BTC) hits new ATH over $111K, pushing total crypto market cap to $3.51 trillion amid “Greed”.

Total3 altcoin chart shows bullish MACD and RSI, eyeing breakout above $930B towards $1T target.

Arthur Hayes and falling Bitcoin dominance suggest an altcoin season is imminent as BTC surges.

As Bitcoin soars to a fresh all-time high of $111,861.22, the cryptocurrency market as a whole surged to a $3.51 trillion valuation–a 3.95% jump in the past 24 hours fueled by a mix of macro catalysts and a healthy dose of retail exuberance. 

With the closely watched Fear & Greed Index at 73 (“Greed”) and trading volumes skyrocketing over 53.66% to $191 billion, the spotlight now turns to altcoins. 

Total3 Chart Analysis: Altcoin Market Readies for Breakout

The Total3 chart (total crypto market cap excluding BTC and ETH) is showing compelling bullish signals. The current market cap is at $916.89 billion and the MACD indicator shows a bullish crossover with strong histogram expansion–a classic signal of upward momentum.

Meanwhile, the RSI is hovering above 63, indicating strength but not yet overbought, suggesting more room for a rally.

Source: TradingVi…

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Vitalik Buterin & Charles Hoskinson debate zk-proof efficiency, sparking wider blockchain critique on X.

Hoskinson slams Ethereum’s design, citing Sybil attack risks; Buterin proposes Layer-Zero zkVM.

Cardano founder Hoskinson questions Ethereum’s long-term viability and Layer-2 strategy.

A technical discussion on X (formerly Twitter) between Ethereum co-founder Vitalik Buterin and Cardano founder Charles Hoskinson quickly blew up into a wider critique of blockchain design, governance, and the practical, real-world viability of zero-knowledge (zk) proof systems.

It all began with a mathematical musing from Ethereum co-founder Vitalik Buterin, who explored the theoretical efficiency of distributing zk proof workloads across multiple provers. 

A fun math aside, on the idea of splitting a large zk proving workload between multiple provers.

Suppose you have N provers, and you have a proving workload that you split into N parts (so, one part per prover). You require provers to pre-register, but registration is…

— vitalik.eth (@VitalikButerin) May 21, 2025

Buterin proposed that by using open-access registration and fault-tolerant retries, the system could a…

The post Charles Hoskinson, Vitalik Buterin Duke It Out Over ZK-Proofs, Ethereum Design appeared first on Coin Edition.

Bitcoin hits $111K, dominance rises — altcoin season may begin.

U.S. altcoins like ONDO, SUI, LINK are gaining strong momentum.

Ripple and Hedera aim for regulated, real-world asset growth.

The crypto market is showing strong activity again as Bitcoin reaches a new all-time high of $111,861 and its market dominance keeps rising. This has raised hopes for a possible altcoin season — a period when altcoins outperform Bitcoin. 

In the past, two main signals have marked the start of such a season: Bitcoin breaking its previous record and its market dominance increasing. Both of these are happening now, with Bitcoin dominance moving from around 50% to nearly 61% in 2025, while most altcoins have struggled to keep up. If this trend continues, altcoins could soon see a strong rally. AltcoinBuzz has shared 10 altcoins that will soon pump because Bitcoin has surged past $110k.

Made-in-the-US Altcoins

The U.S. is quickly becoming a hub for regulated crypto innovation, especially with real-world asset (RWA) tokenization making headlines. Here are five U.S.-based projects leading the charge:

ONDO Finance (ONDO): A top RWA protocol recently partnered with JP …

The post Altcoin Season 2025: Top 10 Altcoins To Stack Now appeared first on Coin Edition.

Bitcoin has surpassed the Taiwan dollar to become the 8th largest global currency.

BTC price has now hit $111.8K, pushing market cap to $2.18T, now ahead of Amazon.

Next up, Bitcoin eyes the Hong Kong dollar’s $2.43 trillion in global currency ranks.

Bitcoin has climbed to become the world’s 8th-largest currency by market capitalization. It has surpassed the Taiwan Dollar with this milestone. With a current market cap of $2.18 trillion, Bitcoin now ranks ahead of Taiwan’s currency, which holds a $2.17 trillion valuation.

The advancement comes as Bitcoin reached a new all-time high of $111,800 on May 22, breaking through its previous record of $109,000. This price surge has pushed Bitcoin’s total market value above several major national currencies.

#BITCOIN IS NOW THE 8TH LARGEST CURRENCY IN THE WORLD, AFTER FLIPPING THE TAIWAN DOLLAR.

HONG KONG DOLLAR NEXT.. pic.twitter.com/7NNrkk4jWt

— Crypto Rover (@rovercrc) May 22, 2025

Where Bitcoin Stands in the Global Currency Hierarchy

According to AssetMarketCap data, Bitcoin’s current ranking places it behind the Hong Kong dollar, which has a $2.43 trillion market cap. This makes Hong Kong’s currency th…

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XRP price today is hovering around $2.41, facing resistance near the $2.42–$2.45 range.

Indicators show mixed signals with RSI stable and MACD slightly diverging, pointing to potential sideways-to-bullish bias.

Key support remains near $2.38, while a breakout above $2.45 could open a path to $2.50–$2.67.

XRP price today is trading near $2.41, holding firm after repeated attempts to clear the stubborn resistance at $2.42. Despite intraday rejections, the bulls continue to defend the $2.38 zone as short-term support. With momentum tightening between key moving averages and Fibonacci retracements, traders are watching closely: why XRP price going up today, and can it break above consolidation or retreat toward lower zones?

The broader structure remains cautiously optimistic, but buyers still need a convincing catalyst to break out of the current congestion.

What’s Happening With XRP’s Price?

XRP price dynamics (April 2025 – May 2025) 

The recent XRP price action has been marked by choppy but increasingly higher lows. On the 4-hour chart, XRP is compressing under the red zone of supply capped around $2.45. Despite brief spikes above $2.42, every …

The post XRP Price Prediction for May 23: Can Bulls Break Free From the $2.42 Wall? appeared first on Coin Edition.

Binance lists USD1 stablecoin from World Liberty Financial (WLFI) for spot trading today, May 22.

USD1, linked to Donald Trump, hit $2.1B market cap; WLFI plans an airdrop for its token holders.

USD1’s growth draws U.S. lawmaker scrutiny during ongoing stablecoin regulation debates

Binance has announced the listing of USD1, a U.S. dollar-pegged stablecoin issued by World Liberty Financial (WLFI), on its spot trading platform. Trading for the USD1/USDT pair is scheduled to kick off later today, at 12:00 UTC on May 22. This move comes hot on the heels of USD1’s debut on similar exchanges and marks a significant expansion for the stablecoin, which has already vaulted into the top ranks by market capitalization less than three months after its launch.

Withdrawal functions for USD1 on Binance are slated to go live at 20:00 Beijing time (12:00 UTC) on May 23. The Binance listing is a major step for USD1, which, according to CoinMarketCap data, has quickly amassed a market capitalization of over $2.1 billion, making it the seventh-largest stablecoin currently in circulation.

USD1 Trading on Binance: Launch Details and Rapid Market Ascent

Issued in March 2025 b…

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