Bitcoin Pizza Day: 15 Years Since Historic $1.1 Billion Mistake
The 15th anniversary of the infamous Bitcoin Pizza Day is celebrated today. Historically, this event reminded the world of the first time Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B was ever used to buy a real product. On May 22, 2010, a Florida-based programmer, Laszlo Hanyecz, made history by purchasing two Papa John’s pizzas with 10,000 Bitcoin units. At the time, the coins were valued at about $41. Today, that same amount is worth over $1.1 billion.
The First-ever Real-World Bitcoin Transaction
Based on history, Hanyecz, residing in the United States, was a software developer and one of the early adopters of Bitcoin. He posted on a forum offering 10,000 BTC in exchange for two large pizzas.
According to reports, another user helped him complete the transaction. The two Papa John’s pizzas he purchased with Bitcoin were delivered to Hanyecz’s door. Over the years, the event has become known as the first recorded commercial transaction using Bitcoin. This move changes the currency from experimental code into a usable form of money.
It is worth noting that Bitcoin was largely discussed only in tech circles when the transaction occurred. It had no formal value in stores, and most people had never heard of it. Hanyecz, who mined the coins when Bitcoin traded below a penny, later said he had no regrets.
In an interview years later, Laszlo Hanyecz explained that the transaction made Bitcoin feel real to him, even though the coins would later be worth millions. Despite this, he missed a major opportunity to become one of the world’s richest Bitcoin holders.
Today, Bitcoin enjoys wide adoption, and that trend is not slowing down. For example, Coinspeaker recently reported that Strategy, a top business intelligence and software company, purchased 7,390 Bitcoins for $764 million. This brings its total Bitcoin holdings to 576,230 BTC.
In a similar move, Hong Kong-based Top Win International has rebranded to AsiaStrategy. The company is embracing Bitcoin as a treasury asset. This places it among the growing list of firms, including Metaplanet, that are adding Bitcoin to their corporate treasuries across Asia.
Bitcoin Pizza Day Sets the Stage for a New Record
It is worth mentioning that on the 15th anniversary of Bitcoin Pizza Day, the largest digital asset has hit a new record. Early on May 22, Bitcoin surged past $111,800 before a slight correction. As of writing, CoinMarketCap data shows it is trading at $110,497.18, up by 3.86%.
Based on general sentiments, the timing is seen by many as a fitting tribute to the day that showed Bitcoin could work outside of online forums. The remarkable increase in value shows how much the BTC market has changed. What once bought dinner can now purchase over 70 million pizzas or luxury homes and cars.
In fact, in some countries, Bitcoin has been considered legal tender. While the pizza transaction is often seen as a mistake because money is left on the table, many in the crypto world view it as a symbol of progress.
Interestingly, there are now websites that track various holidays related to cryptocurrency. Bitcoin Pizza Day remains the most iconic of them all. It serves as a reminder of how far the largest digital asset, Bitcoin, has come over the years.
What started as an idea shared among a small group has become one of the world’s most valuable assets. In market value, it has surpassed long-established names like silver and Amazon.
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Will XRP Price Rally $3 After New Futures ETF Launch?
Amid the broader crypto market rally today, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has climbed 2.7%, shooting to $2.42 levels with daily trading volumes rising 45% to $4.33 amid the successful launch of CME XRP futures ETF earlier this week.
Later today, Volatility Shares will debut its XRP futures ETF on the Nasdaq exchange, which has further boosted market sentiment.
Will XRP Price Finally Catch Momentum With ETF Success?
XRP price movement over the past month has disappointed investors. While Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B , Dogecoin DOGE $0.18 24h volatility: 5.1% Market cap: $27.07 B Vol. 24h: $1.05 B and other top assets have managed to pull off 40-60% gains over the past month, XRP returns stand at a modest 15% only.
Despite strong XRP whale accumulation in the market, the price has failed to show an equivalent reaction. In a surprising development, on-chain data from Stellar Expert reveals that a whale purchased nearly 250 million XRP tokens, valued at over $500 million. However, it failed to move the XRP price as per the market expectations.
A whale just bought almost 250 million $XRP worth over half a billion dollars — and the price didn’t flinch.
No wick. No pump. No excitement.
At some point, even the most loyal have to ask:Is this a market… or a simulation?
Because when half a billion enters and nothing… pic.twitter.com/ohwS3VylCH
— Stellar Expert (@StellarExpert) May 21, 2025
Market experts questioned that when half a billion dollars enters the market, and nothing moves, it raises concerns about whether this is a functioning market or a simulation.
Also, CME XRP futures ETF has had a successful launch with Day-1 trading volumes hitting the $1.5 million milestone. This shows that institutional interest for the Ripple cryptocurrency remains high. However, crypto market analysts continue to be bullish, giving XRP price targets as high as $27 as per the technical charts and the Elliott Wave theory.
There is nothing stopping $XRP reaching $20+ now.
It’s inevitable 🚀 pic.twitter.com/Jkarqx8of9
— Amonyx (@amonbuy) May 22, 2025
Will Volatility Shares XRP Futures ETF launch Spike Demand?
Volatility Shares is set to debut its XRP Futures ETF on the Nasdaq exchange today. The ETF, under the Volatility Shares Trust, will allocate investments indirectly into Ripple-linked token futures through its Cayman Islands subsidiary, as outlined in a May 21 filing with the U.S. Securities and Exchange Commission.
Trading under the ticker $XRPI, the ETF will dedicate at least 80% of its net asset value to XRP-linked instruments, according to the company.
Volatility Shares has also announced plans to introduce a 2x XRP Futures ETF, offering twice the daily price gains of XRP through leveraged exposure to XRP futures contracts.
Similar to Bitcoin and Ethereum, the launch of XRP futures ETF will pave the way for the approval of a spot XRP ETF. Franklin Templeton, 21Shares, and Bitwise are among the prominent asset managers competing to launch spot XRP exchange-traded funds (ETFs).
According to predictions on Polymarket, there is an 83% probability that a spot XRP ETF will secure regulatory approval this year.
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While XRP captures market attention, Solaxy ($SOLX) is emerging as a cutting-edge Layer 2 scaling solution designed for the Solana blockchain.
Solaxy addresses network congestion, scalability bottlenecks, and reliability issues by processing transactions off-chain. It compiles these into optimized batches for secure settlement on Solana’s mainnet, ensuring high efficiency while maintaining robust security.
$SOLX Tokenomics and Presale Milestone
Solaxy’s presale has raised $39 million, showcasing strong investor interest. Offering an attractive 103% APY, the project has seen over 11 billion tokens staked so far.
Presale Highlights:
Token Price: $0.001732
Funds Raised: $39 million
Payment Methods: Crypto, Card
Ticker: SOLX
Chain: Solana
With just 24 days left before a potential price increase, early adopters are seizing the opportunity. Positioned to redefine the Solana ecosystem, Solaxy is making steady progress toward its ambitious goals.
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FIFA to Build EVM Blockchain in Partnership With Avalanche
The world football governing body, FIFA, is building an EVM blockchain. According to reports, FIFA is teaming up with high-performance blockchain platform Avalanche AVAX $21.65 24h volatility: 2.4% Market cap: $9.03 B Vol. 24h: $343.15 M to develop a custom digital network. This partnership aims to strengthen FIFA’s presence in Web3 and pursue digital collectibles.
Fifa moves fifa collect to avalanche
FIFA has announced a partnership with Avalanche to launch its Ethereum Virtual Machine (EVM)-compatible blockchain. The platform, known as the FIFA Blockchain, will serve as the new home for FIFA Collect.
The plan is to develop the blockchain as part of the digital collectibles initiative. Previously, FIFA Collect was hosted on Algorand ALGO $0.22 24h volatility: 1.3% Market cap: $1.88 B Vol. 24h: $84.86 M and Polygon MATIC $0.24 24h volatility: 2.2% Market cap: $398.24 M Vol. 24h: $2.82 M . However, the new direction means support for those platforms will end as FIFA transitions entirely to its new network.
It is worth noting that the move follows FIFA’s April announcement of plans to move its NFT platform to a new EVM-compatible blockchain. According to the update, the shift aims to support future fan engagement products and improve overall performance.
According to the official update on May 22, the FIFA Blockchain will offer improved speed, scalability, and security. These features are expected to enhance the user experience for FIFA’s large global audience, which is said to include over five billion fans.
Francesco Abbate, the CEO of FIFA Collect and Modex, the body’s Web3 partner, said the new setup will make it easier for users to access collectibles using popular wallets. He also explained that the Avalanche-supported system is better suited for future digital expansions, suggesting that the structure is being built to last.
At the time of the announcement, Avalanche’s native coin, AVAX, gained 10.49% in value, reaching $24.92. The rally came as broader market trends also moved upwards, boosting interest in Web3 assets.
Avalanche partnership brings fifa closer to web3 vision
Avalanche, which has been upgrading its Layer 1 network, will provide the infrastructure for FIFA’s EVM blockchain. The new platform will allow developers to launch projects faster and at lower costs.
A recent upgrade on Avalanche, known as Avalanche9000, was introduced to make it easier and cheaper for developers to set up on the network. Based on general perception, this may have played a role in FIFA’s decision to move its digital projects there.
In a related report, Avalanche recently recorded a 5-month high in NFT sales. The increase in activity saw Avalanche move ahead of 15 major NFT networks, including Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B , Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , and Polygon.
In addition to moving FIFA Collect to its blockchain, FIFA has not ruled out the possibility of further developments. It stated that while FIFA Collect will launch first, other digital products may follow, though no official timeline has been confirmed.
The partnership also helps strengthen Avalanche’s reputation as a network with practical use. Notably, a day before FIFA’s announcement, investment firm VanEck launched a fund to support blockchain projects built on Avalanche. In addition, an earlier filing also shows VanEck registered the Avalanche ETF in Delaware.
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Analyst Predicts Solana (SOL) to Reach $210 As Price Climbs 7%
Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B has emerged as one of the top performers in the past 24 hours, with the cryptocurrency climbing 7% to trade around $178.70. The sixth-largest cryptocurrency by market cap also saw a 70% increase in its 24-hour trading volume.
This price movement aligns with a 4.4% rise in the broader cryptocurrency market, pushing total market capitalization back above $3.5 trillion.
Recent on‑chain data from Glassnode shows a clear uptick in Solana network usage, with active wallet addresses climbing steadily over the past week.
Plius, in the past day, the network has recorded a 4.26% uptick in its total value locked (TVL), currently sitting at $9.53 billion.
Meanwhile, SOL outflows from exchanges have accelerated: holders withdrew over $16 million worth of SOL this week, following $107 million in withdrawals last week. Historically, large outflows suggest that investors are preparing for further price gains by shifting towards self-custody.
SOL Price Outlook
Analyst Ali Martinez observed that SOL has been trading within a clear upward channel since May 12. He suggested that the cryptocurrency could test the upper boundary of the channel near $210 soon.
#Solana $SOL looks poised to target the upper boundary of this channel, with $210 in sight! pic.twitter.com/Iido4VThxz
— Ali (@ali_charts) May 22, 2025
Popular crypto trader Jelle also echoed bullish sentiment on X. He predicted that once SOL clears the $250 resistance level, it would rise above $400.
It's a good thing I still own a bunch of $SOL.
Once it clears $250, I doubt it stops before it hits $400-$500.
All the weak hands have been shaken out.
Time to reap the rewards. pic.twitter.com/fW1EDquA6r
— Jelle (@CryptoJelleNL) May 22, 2025
On the daily SOL chart, price is approaching the upper Bollinger Band, indicating a sustained uptrend. The middle band (20-day SMA) around $165 offers immediate support to the cryptocurrency.
Key resistance lies near $190 at the upper Bollinger boundary, followed by $210 as noted by an ascending channel pattern on the four‑hour chart.
SOL price chart with RSI and Bollinger Bands | Source: Trading view
The RSI has climbed to the mid‑60s, reflecting bullish sentiment. There remains plenty of room for upward movement before a corrective pullback.
Meanwhile, the MACD is due for a bullish crossover, while the histogram bars are currently in red. However, the weakening bars confirm growing bullish momentum for SOL.
SOL price chart with MACD | Source: Trading view
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Solaxy ($SOLX) Presale Heats Up as SOL Breaks Out
As Solana continues to be a major player in the crypto space, Solaxy ($SOLX) emerges as an innovative blockchain solution designed to significantly boost the performance and scalability of the Solana network.
Solaxy is developed to address common challenges like network congestion, scalability limitations, and transaction unreliability. These problems usually occur during periods of high network activity.
Solaxy aims to reduce congestion and failed transactions by processing transactions off-chain and consolidating them into optimized batches, with final settlement on Solana’s mainnet.
SOLX Presale and Tokenomics
The team is conducting a presale for the project’s native token, SOLX, to support early investors. Solaxy currently offers an attractive 103% APY to holders for staking their holdings.
Solaxy Presale Details:
Token Price: $0.001732
Funds Secured: $39.1 million
Accepted Payment Methods: Crypto, Card
Ticker: SOLX
Following the presale, the SOLX token will be deployed across multiple chains. This would allow presale participants to bridge their tokens to the SOLAXY Layer 2 blockchain. The token will be available for trading on both centralized and decentralized exchanges.
For investors looking for long-term projects built on Solana, Solaxy is a great option.
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$120,381 in Fees for Single Bitcoin Transaction, What Went Wrong?
A recent Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B transaction received considerable attention after a market participant paid a fee of $120,381 to complete just one transfer.
The high fee surprised many people and raised questions about what happened. Some wondered how such a big mistake could have occurred, sparking fear of a potential network glitch.
What Caused the Massive Bitcoin Fee?
This transaction came to light when Whale Alert, a blockchain tracking service, spotted it with a fee of 1.0 BTC. According to the update, it was worth over $120,381.
💸 A fee of 1.0 #BTC (120,381 USD) has just been paid for a single transaction!https://t.co/1TctuBjO5V
— Whale Alert (@whale_alert) May 22, 2025
This is a significant departure from the usual fees that range between a few cents and a few dollars, even during periods of network congestion.
It is important to add that the blockchain records show that the wallet involved moved less than 1 BTC, making the transaction fee even more unusual. Some in the crypto community believe it might have been a mistake caused by the user manually entering the wrong fee.
Still, others suggest it could have been intentional, perhaps to draw attention or test the network’s processing system. However, no clear explanation has emerged yet.
These kinds of incidents aren’t new in the crypto space. In December, another user paid 8.18 BTC, valued at over $800,000 at the time, for a transaction involving only 0.142 BTC. These examples show the risks of manual input when dealing with Bitcoin transaction fees and point to the need for extra caution.
It is important to note that this Bitcoin transaction happened on Bitcoin Pizza Day. This day marks 15 years since the historic moment when 10,000 BTC was spent on pizzas in 2010. Today, those 10,000 Bitcoin units would be worth over $1.1 billion.
Bitcoin Rises Despite Market Concerns
While this surprising transaction gained attention, Bitcoin’s continued its upward movement in the market.
On April 22, Bitcoin reached a record high of $111,861 before pulling back slightly to trade at $110,843.98. This came even as the U.S. stock market recorded losses a day earlier.
Bitcoin price has often followed the ups and downs of the tech-heavy Nasdaq Composite. However, this recent rise shows that more investors are trusting Bitcoin. For example, Japanese investment company Metaplanet surprised the market by buying 1,004 BTC. This was its second-largest Bitcoin purchase ever recorded.
JPMorgan’s CEO Jamie Dimon, who used to be critical of Bitcoin, recently said the bank will let customers buy the cryptocurrency. This move by a major bank signals growing acceptance of Bitcoin. It also shows that traditional banks are starting to catch up with the growing demand for crypto.
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Bitcoin New ATH of Over $111K: Analyst Highlights Key Levels to Watch
Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has shattered records for a second time this year, breaching the $110,000 mark and setting a new all-time high (ATH) of $111,861.22, CoinMarketCap data shows.
This historic surge comes amid a strong monthly rally of over 25%, with BTC gaining 3% in the past 24 hours alone. At the time of writing, the flagship cryptocurrency is trading at $110,751.70, entering uncharted territory.
Analyst Insights: What’s Next for BTC?
According to prominent crypto analyst Ali Martinez, Bitcoin is now in price discovery mode. He identified the next critical resistance levels at $116,000, $126,000, $136,000, and $148,000 — a series of psychological and technical barriers that could shape BTC’s medium-term trajectory.
#Bitcoin $BTC is trading at new all-time highs, entering price discovery. The next key levels to watch are $116,000, $126,000, $136,000, and $148,000! pic.twitter.com/yh3ShJ5X59
— Ali (@ali_charts) May 21, 2025
Meanwhile, on-chain data provider Santiment noted the irony of Bitcoin’s ATH arriving just six weeks after maximum market fear, largely fueled by geopolitical tariff concerns.
The recent 90-day pause in US-China trade tensions helped ease sentiment, but the real momentum has come from institutional heavyweights.
Institutional Inflows
Santiment added that institutional flows have also been crucial in pushing BTC to its new heights:
BlackRock’s spot Bitcoin ETF (IBIT) has surpassed $20 billion in assets under management.
Fidelity and Ark Invest have reported record inflows as well.
Spot ETF holdings across the board have hit new highs, reflecting the growing appetite from both retail and institutional investors.
Meanwhile, analyst Crypto Dan emphasized that while BTC has hit ATH, the market remains in a non-overheated state as the funding rate shows only mild optimism among long traders.
Further, short-term capital inflows (from coins held between 1 week and 1 month) are far lower than in past peaks. Profit-taking by whales and short-term holders has been minimal, unlike in March or November 2024.
BTC Price Analysis: What to Expect?
As per the chart below, the Relative Strength Index (RSI) on the daily chart stands at 77.19, clearly in overbought territory. While this traditionally hints at a potential short-term pullback, in strong bull markets, RSI can remain elevated for extended periods.
BTC Daily Chart | Source: TradingView
On the other hand, the Bollinger Bands (BB) indicate a sharp expansion, reflecting increased volatility. The price is hugging the upper band at $111,798.60, suggesting strong bullish pressure.
The middle band, which represents the 20-day SMA, is now at $102,702.17, providing a key support level in case of retracements.
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As Bitcoin achieves a new ATH, BTC Bull ($BTCBULL), a meme-powered token built on Ethereum, is gathering attention in a hurry with its ongoing presale. Created to rally the crypto community behind Bitcoin’s march to $250,000 and higher, $BTCBULL has significant utility.
BTCBULL is here to amplify the momentum and reward holders every step of the way and a massive BTC airdrop awaits the strongest hodlers when BTC hits $250,000.
Every time Bitcoin gains another $25K in value, BTCBULL either burns a portion of its token supply or airdrops BTC to holders, fueling scarcity and value. The holders of the token are eligible to a 230% annual average return.
BTCBULL Presale Details
The BTCBull team has raised a massive $6.1 million in its ongoing presale, with over 2 days and 2 hours until the next price increase.
Token price: $0.002525
Funds raised: $6.1 million
Payment methods: ETH, USDT
Ticker: BTCBULL
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Stablecoin Market Cap At ATH, David Sacks Hints At Clear Regulation
The cryptocurrency market is seeing yet another bullish momentum, and investors are pouring funds into stablecoins before buying volatile assets.
According to data from CoinMarketCap, the total value of stablecoins is close to an all-time high of $250 billion, thanks to the steady rise since January.
Tether’s USDT is leading the pack with a $152.4 billion market cap. Circle’s USDC is at $61 billion.
The increasing demand for stablecoins came as Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reached a new ATH of nearly $112,000 earlier today. Moreover, the global crypto market cap is at a local high of $3.52 trillion — $200 billion away from its ATH in mid-December 2024.
Can the GENIUS Act Bring Trillions?
David Sacks, the White House crypto and AI czar, says yes.
Sacks is optimistic that the GENIUS Act (Giving Equitable National Interest to US Stablecoins) will increase the demand for US Treasuries, according to a CNBC report.
Higher demand for Treasuries makes it easier for the US government to borrow money, resulting in low interest rates. This would push investors toward diverse investments like stocks and cryptocurrencies.
So far, 15 democrats have joined the republicans in supporting the GENIUS Act.
On May 20, Coinspeaker reported that some of the Democratic Senators — Mark Warner, Adam Schiff, and Ruben Gallego, to name a few — shifted from opposing the bill to supporting it.
The GENIUS Act will bring a clear regulatory framework for stablecoins. For instance, it will only allow regulated fintech companies and banks to issue stablecoins.
It’s not just the US that’s trying to profit from stablecoins. On May 21, Hong Kong’s Legislative Council passed a bill that allows institutions to apply for stablecoin issuance licenses through the Hong Kong Monetary Authority to boost the region’s crypto growth.
On May 20, Lee Jae-myung, a South Korean democratic presidential candidate, proposed the creation of a won-backed stablecoin.
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Coinbase Hacker Mocks Blockchain Investigator ZachXBT After Transferring $42M in Bitcoin
Coinbase recently suffered a breach that impacted over 69,000 users. The attacker behind this incident has openly mocked prominent crypto investigator ZachXBT. Known for exposing scams within the crypto space, ZachXBT revealed that the attacker taunted him through a public Ethereum transaction. He shared details of the mockery on his Telegram channel, Investigations.
The large-scale exploit is believed to have cost Coinbase users over $300 million. On May 21, the attacker utilized Ethereum’s input data message feature to write “L bozo” during a transaction in which they swapped over $42.5 million worth of Bitcoin for Ether using Thorchain.
Attached to the message “L bozo,” a slang term used to call someone a loser, was a link to a YouTube video featuring NBA legend James Worthy smoking a cigar. The implication appeared to be that the attacker views the on-chain investigator as a loser, likely suggesting that ZachXBT is incapable of catching them.
ZachXBT’s Telegram channel Investigations.
According to data from Etherscan, the same wallet address, labeled “Fake_Phishing1158790,” transferred an additional 8,698 ETH (approximately $22.6 million) roughly an hour after publishing the messages mocking ZachXBT.
Coinbase Breach
Information belonging to Coinbase users was compromised after attackers persuaded certain overseas customer support agents to grant them unauthorized access to internal systems. Following the breach, the attackers demanded a $20 million ransom from Coinbase in exchange for not selling users’ personal data on the dark web.
Coinbase declined the ransom request and instead launched a $20 million bounty program to reward individuals who could provide credible leads on the perpetrators.Meanwhile, the attackers used the stolen data to scam several users out of their cryptocurrencies, losses that Coinbase has pledged to reimburse.
As a result of the breach, Coinbase estimates it may need to spend between $180 million and $400 million to reimburse affected users and manage the fallout.
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Trump’s World Liberty Financial Buys BUILDon (B) Token, Price Soars 500%
BUILDon (B), a recently-launched meme coin on the BNB Smart Chain, has witnessed an explosive 500% surge in the past 24 hours. As per the data by CoinMarketCap, the token is trading around $0.218 at press time, gaining around $190 million in market cap, currently sitting at over $210 million.
This price spike follows a major buy-in by the Donald Trump family-backed crypto project, World Liberty Financial (WLFI). On May 22, WLFI purchased 636,961 B tokens, spending 25,011 USD1, its recently launched stablecoin, for the transaction.
Trump's World Liberty(@worldlibertyfi) spent 25,011 $USD1 to buy 636,961 $B 4 hours ago.https://t.co/SUBbhLzUyZ pic.twitter.com/2QJtPpFXbI
— Lookonchain (@lookonchain) May 22, 2025
As per the reports, the acquisition aims to support the BUILDon team, which recently launched its token and gained traction after securing listing on Binance Alpha.
WLFI’s crypto portfolio has grown rapidly in recent months. Data by Arkham Intelligence reveals that the firm holds a diverse crypto stash worth around $1.09 billion, including $21.1 million in Ether ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , $18 million in Wrapped Bitcoin WBTC $96 623 24h volatility: 2.2% Market cap: $12.45 B Vol. 24h: $229.72 M , and $13.2 million in staked ETH (STETH).
Controversies Surround WLFI
Despite its growing influence in the crypto market, WLFI continues to face legal and ethical troubles. The firm has long been under scrutiny for its ties to individuals facing criminal charges, secretive dealings, and links to the Trump administration.
Its recent launch of USD1 and its listing on KuCoin have also sparked criticism. KuCoin was recently penalized with a $300 million fine after admitting to violations of US anti-money laundering laws, making WLFI’s partnership with the exchange particularly controversial.
WLFI co-founder Zach Witkoff recently rejected calls from US lawmakers to investigate the firm’s operations and its ties to Trump. In a letter dated May 15 to Senator Richard Blumenthal, Witkoff’s legal team dismissed the inquiry as “fundamentally flawed.”
The letter read that WLFI is “too busy building” to entertain regulatory oversight at this time.
BUILDon Amid Broader Altcoin Rally
BUILDon is an AI-powered memecoin that merges meme culture with machine learning to create an intelligent investment ecosystem. It uses agent-to-agent (A2A) architecture to automate on-chain data analysis and strategy formulation.
The timing of BUILDon’s surge aligns with renewed optimism in the broader altcoin market. Bitcoin has broken past its previous all-time high, triggering expectations of a strong altcoin season.
Meanwhile, TOTAL3, a total crypto market cap excluding Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and Ethereum, continues to rise, especially when compared to the expanding US money supply. This signals that investors are beginning to rotate capital into altcoins.
The memecoin market at large is also heating up. Over the past 24 hours, the market cap of memecoins has jumped by 8.7%, reaching $75.18 billion.
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Decentralized exchange Hyperliquid has been on investors’ radar recently, with native crypto HYPE HYPE $19.97 24h volatility: 5.4% Market cap: $6.67 B Vol. 24h: $206.60 M price surging 18% in the last 24 hours, while eying fresh all-time highs above $35. Today’s massive price pump comes along with a 148% surge in daily trading volumes, now shooting to $346.6 million.
Hyperliquid Witnesses Strong On-Chain Growth
Hyperliquid, a prominent player in the decentralized finance (DeFi) space, recorded several new milestones, thereby showing significant on-chain growth. According to the official announcement, the HYPE open interest touched a record $8.9 billion, showing massive bullish sentiment among traders.
On the other hand, Hyperliquid raked in a massive $5.4 million in platform fees amid massive trading activity on the decentralized exchange. Additionally, the total value locked (TVL) of USDC stablecoin on the DEX shot up to $3.2 billion.
Hyperliquid platform revenue – Source: Artemis
What sets Hyperliquid apart is its revenue model, which outpaces major competitors like Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B and Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B . Unlike many rivals, HYPE operates without inflation, ensuring that 100% of its revenues are directed back to its community and token holders.
HYPE has claimed the top spot as the best-performing asset among the top 100 cryptocurrencies by market capitalization. In a remarkable move, HYPE recently surpassed Avalanche AVAX $21.65 24h volatility: 2.4% Market cap: $9.03 B Vol. 24h: $343.15 M , solidifying its position in the competitive crypto landscape.
Crypto Whale Places Record $1.1 Billion Leveraged Bitcoin Bet on Hyperliquid
A crypto whale has shocked the digital asset market by expanding a 40x leverage long Bitcoin position to an unprecedented $1.1 billion on the decentralized exchange Hyperliquid. This marks the first-ever trade on the platform to surpass the $1 billion milestone, leaving the crypto community astounded.
The X account “James Wynn” has claimed responsibility for the massive position, which is currently up $36 million, according to data from Hypurrscan’s block explorer. Crypto market veteran Arthur Hayes called it the best advertising for Hyperliquid while asking his followers to take HYPE price to $100.
This is the best advertising for $HYPE.
Let's take this mother fucker to $100.
Yachtzee https://t.co/LYru8GfB8t
— Arthur Hayes (@CryptoHayes) May 21, 2025
The whale used a $28.4 million margin position across multiple trades to build the Bitcoin position, now valued at $1.13 billion. The average entry price for Bitcoin in the trade was $108,065, with BTC trading at $110,446 at press time.
Wynn’s long position initially faced a loss of approximately $16.3 million but quickly rebounded as Bitcoin surged past $110,000 on May 21. Currently, the position remains secure above its liquidation price of $103,790, with Bitcoin climbing further to approach $112,000 in early trading on May 22.
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🐄 Bitcoin Bull Presale Gains Traction as BTC Pushes Higher
As Bitcoin hits new all-time highs, the meme coin Bitcoin Bull (BTCBULL) is capturing attention with its innovative presale structure and unique reward system.
The BTCBULL team has introduced a novel reward model: for every $25,000 increase in Bitcoin’s price between $100K and $250K, holders will benefit from BTC airdrops and token burns. The ultimate reward — a BTCBULL airdrop — is slated for when Bitcoin reaches $250,000, adding to the token’s appeal.
Presale Nears Completion
BTCBULL has already raised $6.06 million, nearing its $6.9 million target.
Presale Details:
Token price: $0.00252
Funds raised: $6.06 million
Payment methods: ETH, USDT
Ticker: BTCBULL
With the presale set to close in a few hours, investors are preparing for a potential price hike. As Bitcoin’s rally continues, early supporters of BTCBULL anticipate substantial gains from the project’s growth and rewards program.
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The Solana-based Trump Official TRUMP $12.85 24h volatility: 0.3% Market cap: $2.57 B Vol. 24h: $951.17 M meme coin is experiencing a notable price increase, climbing 13% in the last 24 hours to reach the $14.50 level, with its market capitalization approaching $3 billion.
Anticipation is mounting ahead of tomorrow’s exclusive private dinner, where former President Donald Trump will host the top 220 holders of the TRUMP token at his Virginia golf club near Washington, D.C.
With a double-digit increase, the TRUMP meme coin now ranks among the top market gainers, highlighting investor enthusiasm ahead of the TRUMP dinner. Tron founder Justin Sun has added to further bullish momentum for the meme coin.
In a post on the X platform, Justin Sun disclosed that he is the largest holder of the TRUMP meme coin. This revelation has been perceived by many as a strong vote of confidence, fueling increased buying pressure and heightened investor interest over the past 24 hours.
Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!
As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. 🇺🇸 https://t.co/FYb39LTwDz
— H.E. Justin Sun 🍌 (@justinsuntron) May 20, 2025
Earlier this month, TRUMP whale activity was strong enough to push the meme coin higher. Now, the Trump dinner could serve as another catalyst to trigger a strong upside to $20 and beyond.
TRUMP Price Rally Might Continue According to Technical Analysis
Adding to the optimism, technical indicators point to sustained positive momentum for TRUMP. On the daily chart, the meme coin has rebounded from its 20-day Exponential Moving Average (EMA), a dynamic support level currently positioned at $12.99.
TRUMP Price 20-EMA. Source: TradingView
This indicates robust buying momentum for the meme coin, suggesting the token could see further upward movement in the near term. As of now, TRUMP is trading at $14.32, holding above its 20-day EMA support level of $12.99. Increased demand could reinforce this support, potentially pushing the token’s price toward $19.28.
On the downside, a wave of profit-taking could lead TRUMP to breach the $12.99 support, with a further decline to $10.76 becoming a possibility
The overall meme coin market activity is on the rise today with Dogecoin DOGE $0.18 24h volatility: 5.1% Market cap: $27.07 B Vol. 24h: $1.05 B rallying 3.9%, and PEPE PEPE $0.000009 24h volatility: 1.5% Market cap: $3.71 B Vol. 24h: $591.98 M meme coin gaining 8%, along with BONK’s BONK $0.000019 24h volatility: 2.3% Market cap: $1.46 B Vol. 24h: $206.99 M 8% rally. This shows that there’s a strong undercurrent in the meme coin sector, which is showing signs of revival.
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🔥 Just 9 Days Left Before Mind of Pepe (MIND) Sells Out
Ethereum’s altcoin rally has paved the way for Mind of Pepe (MIND), an innovative Ethereum-based meme coin blending humor with utility. Unlike most meme tokens driven by hype, MIND incorporates a self-learning AI agent designed to deliver exclusive market insights to its users.
MIND Tokenomics and Presale Highlights
Mind of Pepe’s ERC-20 token, MIND, serves as the gateway to a cutting-edge AI dashboard, early-stage token access, and governance voting.
Key tokenomics include:
Token Price: $0.0037515
Funds Raised: $9.8 million
Accepted Payments: ETH, USDT
Ticker: MIND
Blockchain: Ethereum
MIND offers staking with an annual yield of 232%, enticing long-term holders and boosting engagement. The project has already locked billions of tokens ahead of its mainnet launch, signaling strong investor interest.
The presale is set to conclude in 9 days, with potential price hikes expected shortly after. For those interested in the fusion of AI technology and meme coins, Mind of Pepe could be a strong contender.
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Hong Kong Passes Stablecoin Bill to Accelerate Crypto Growth
In a major step towards becoming the global Web3 hub, the Hong Kong Legislative Council passed the “Stablecoins Bill” in its third reading. Interestingly, the decision came just a day after the US stablecoin bill, known as the GENIUS Act, advanced to the Senate for approval.
This landmark legislation will allow major institutions to apply for stablecoin issuance licenses from the Hong Kong Monetary Authority (HKMA) by the end of the year. As per the new framework, firms can introduce Hong Kong stablecoins backed by fiat currency, ensuring strong regulatory standards and market confidence.
In a major Web3 push for the region, authorities are also sending open invitations to global enterprises interested in issuing stablecoins to apply under the new regime. Speaking on the development, Christopher Hui, the Secretary for Financial Services and the Treasury, noted:
“This is not only in line with international regulatory requirements, but also lays a solid foundation for Hong Kong’s virtual asset market, which, in turn, promotes the sustainable development of the industry, protects users’ rights and interests, and strengthens Hong Kong’s status as an international financial centre”.
Hong Kong to Focus on Two Key Areas for Stablecoin Ecosystem Growth
With the introduction of the Stablecoins Bill, Hong Kong regulators are willing to address two key areas of growth, like real-world applications and ensuring market stability.
Expanding Real-World Applications: While stablecoin issuance is the beginning, the emphasis will now shift to developing practical use cases in retail, cross-border trade, and peer-to-peer transactions. Businesses in traditional sectors are encouraged to adopt stablecoins as a revolutionary financial tool.
Strengthening Market Stability: The framework includes measures like offering interest earnings to stablecoin holders, which aim to enhance their competitiveness and encourage wider adoption. These initiatives are expected to solidify stablecoins’ market position and ensure sustainable growth.
With this legislative milestone, Hong Kong reinforces its commitment to advancing Web3 innovation both in Asia and on the global stage. In addition to this, regulators are actively inviting industry stakeholders to collaborate in shaping the future of stablecoins and to help build a strong, resilient Web3 ecosystem anchored in Hong Kong.
This development comes a month after Hong Kong’s Securities and Futures Commission (SFC) unveiled new regulations for cryptocurrency staking services, marking another step in the region’s commitment to fostering Web3 development.
As per the SFC, these rules strike a balance between supporting innovation in the digital asset space and ensuring robust investor protection.
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SEC Delays Decision on Grayscale’s XRP ETF Bid As XRP Shows 500% Rally Pattern
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s application for a spot XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B exchange-traded fund (ETF). As per regulatory norms, the agency has initiated formal proceedings to seek public comments and conduct deeper analysis.
This delay does not come as a surprise to most experts. Bloomberg ETF analyst James Seyffart commented that such decisions usually follow the full review window laid out under Rule 19b-4.
According to Seyffart, most of the XRP-related ETF applications have final deadlines in October, and any early verdicts would break from historical trends.
Lotta questions. Replying here:
The SEC *typically* takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would the action that’s out of the norm. No matter how “Crypto-friendly” this SEC is
There’s no…
— James Seyffart (@JSeyff) May 20, 2025
He noted that some XRP funds are due for updates soon, but meaningful decisions, particularly approvals, are more realistically expected between late Q2 and early Q4.
XRP Price Outlook
Meanwhile, XRP continues to trade near $2.35 with no significant 24-hour movement. The weekly XRP chart hints at a potential breakout similar to early stages of a late-2024 bull market pattern. That rally saw XRP rocket more than 500% within a few months after breaking above a long-standing descending triangle.
Market watchers are now hoping for similar bullish momentum. Blockchain data reveals that addresses holding between 10 million and 100 million XRP have increased their holdings from 7.56 billion to 7.67 billion tokens over the past five days.
On the daily XRP price chart, the RSI is currently sitting around 51, indicating equal pressure from buyers and sellers. This suggests that the fourth-largest cryptocurrency needs fresh buying volume to continue its bullish trajectory.
XRP price chart with RSI and Bollinger Bands | Source: Trading View
Bollinger Bands have recently expanded, with XRP trading close to the mid band (20-day SMA), hinting at a period of short-term consolidation. If the cryptocurrency fails to hold this level, it could fall to the lower band around $2.05.
The Moving Average Convergence Divergence (MACD) is also due for a bullish crossover with bars currently printing red. This usually indicates weakening momentum, but a breach above the $2.51-$2.72 band could send XRP to $3.
XRP price chart with MACD | Source: Trading View
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🔥 Subbd: Reimagining Content Subscriptions with AI
While XRP navigates market volatility, another project, Subbd, is slowly gaining attention in the content subscription space. Subbd aims to reshape the $85 billion content economy by offering an AI-powered, tokenized platform for creators and their fans.
With Web3 integration, Subbd empowers creators through automation tools that simplify content delivery, while fans gain exclusive, interactive access.
$SUBBD Tokenomics and Presale
Subbd’s Ethereum-based native token, SUBBD, fuels the platform by offering premium content, staking rewards, and AI-driven utilities. Holders can stake SUBBD tokens to unlock benefits like behind-the-scenes content, private livestreams, and premium drops.
The platform has already raised $465,670, with just a few hours left before the token’s price increases.
Presale Snapshot:
Current Price: $0.0554
Amount Raised: $465,670
Ticker: SUBBD
Blockchain: Ethereum
With limited time before the next increase in price, Subbd is a project worth watching, especially for those seeking exposure to AI-led innovation in digital subscriptions.
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Bitcoin Suisse Bags Regulatory Approval in Abu Dhabi Expansion Move
Bitcoin Suisse has received in-principle approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. This is a significant move in its plan to expand operations beyond Switzerland and into the Middle East.
Bitcoin Suisse Makes Strong Step Forward in Abu Dhabi
According to the firm’s announcement, Bitcoin Suisse has reached a crucial point in its plan to grow in the region. The company received an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market.
The company’s regional arm, BTCS (Middle East) Ltd, was approved to operate in the region. This brings the Swiss crypto financial service provider closer to offering fully licensed operations in the UAE.
Once the full financial services license is granted, Bitcoin Suisse can provide regulated crypto services in the ADGM. These services include trading virtual assets, handling crypto securities and derivatives, and offering digital custody solutions.
According to the update, this development positions the company to serve institutional clients and private investors in a regulatory environment known for its transparency and structure.
Ceyda Majcen, Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East), described the approval as a major step forward. She emphasized the company’s focus on maintaining high standards in transparency and security.
She added that Abu Dhabi is among the fastest-growing financial centres in the Middle East. The region offers substantial opportunities for long-term growth, making it an attractive market for Bitcoin Suisse’s expansion.
The ADGM is widely respected for its comprehensive virtual asset framework, which has attracted other international firms. It is currently regarded as one of the largest regulated hubs for virtual assets across the MENA region.
In related news, Coinspeaker noted that Strive Asset Management is making a bold bet on Bitcoin. This company aims to build a 75,000-BTC treasury through discounted Mt.Gox claims. This is because the crypto regulatory framework in the United States is becoming more friendly.
The Underlying Implication for BTC Price
It is worth noting that the IPA is now secured. Bitcoin Suisse is working towards obtaining its full Financial Services Permission (FSP). According to the company, this phase will involve continued collaboration with the FSRA and further strengthening internal operations to meet local requirements.
Bitcoin Suisse has built a strong name in Switzerland, managing over $6 billion in digital assets under custody and over $2.6 billion in institutional staking services. It is important to add that by entering the Abu Dhabi market, the firm aims to replicate its Swiss success. It intends to use a client-focused approach grounded in regulatory compliance.
Coinspeaker recently reported that Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reached a major milestone. The largest cryptocurrency surpassed $107,000, with its realized market cap hitting an all-time high. CoinMarketCap data shows that BTC is currently trading at $106,601.60, up by 1.24%.
With the Bitcoin Suisse news and other BTC-centric bullish news over the past month, the coin may finally retest its ATH.
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69,461 Users Impacted in Coinbase Breach, New Filing Shows
More information has emerged about Coinbase Global Inc.’s breach, which compromised personal data linked to thousands of users.
A new filing with the Maine Attorney General’s Office confirmed that 69,461 individuals were affected during the December 2024 incident. This raises fresh concerns about security within the crypto industry.
Hackers Demanded a $20 Million Ransom from Coinbase
The Coinbase breach came to light after the company revealed that attackers demanded a $20 million ransom to prevent stolen data from being leaked on the dark web. According to Coinbase, the hackers targeted overseas customer support staff, using cash incentives to gain access to internal systems.
According to the filing, the trading platform is committed to compensating victims amid ongoing investigations.
Although the attackers obtained personal details like names, home addresses, and email information, Coinbase said that passwords, private keys, and user funds were not part of the breach.
This detail was included in the company’s filing with the U.S. Securities and Exchange Commission. Still, many users remain concerned about the long-term impact of having their know-your-customer (KYC) data exposed.
Federal authorities stepped in after the incident. The United States Department of Justice is now investigating the matter at Coinbase’s request. Meanwhile, the Securities and Exchange Commission is reviewing whether the trading platform inflated user numbers ahead of its 2021 public listing.
Coinbase Chief Legal Officer Paul Grewal referred to the SEC’s action as a holdover investigation from a previous administration. He reassured that it may not result in serious consequences.
In a surprising move, Coinbase has offered a $20 million reward for information about the individuals behind the hack. The company hopes the bounty will lead to arrests and send a message to future attackers.
Public Reaction and KYC Concerns Grow as Costs Mount
Coinbase’s months-long delay in responding to the breach has sparked criticism. A well-known tech founder and investor, Michael Arrington, was vocal about the breach’s human toll.
Posting on X, he said the exposed data could cause harm beyond what compensation can fix. He suggested that the cost should be measured in dollars, as should the emotional and physical damage to the victims.
Brian, Thanks for the comments. Apologies for the Bloomberg headline… @emiliemc also mentioned to me after posting that Coinbase had reached out to the DOJ.
I fully understand that holding executives liable criminally would create a situation where the best people wouldn’t…
— Michael Arrington 🏴☠️ (@arrington) May 21, 2025
Coinbase estimates the breach could lead to expenses between $180 million and $400 million to cover damage control and reimbursements. This development occurs as government regulators and users question how secure their data is on major crypto platforms.
Arrington also criticized KYC laws, calling them ineffective and dangerous. He blamed a system where profit motives and weak penalties for data breaches allow such events to continue. He urged stronger rules and more corporate accountability.
It is worth noting that crypto scams have become increasingly common in recent times. The digital asset ecosystem is facing attacks not just on large platforms like Coinbase but also on DeFi protocols.
One of the most notable high-profile hacking cases was the Bybit exploit, which resulted in a historic record-breaking $1.4 billion crypto theft.
However, beyond high-profile breaches like this, everyday investors also fall victim to well-planned scams. Recently, a woman from Maryland lost $3 million in a crypto scam known as “pig butchering.” The fraudsters, believed to be from Southeast Asia, built trust over several weeks using a fake Korean messaging app before stealing her funds.
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Bitcoin Hits Major Milestone As BTC Price Hits $107K, New ATH Soon?
Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has surged past a key resistance level of $107,000 and is currently trading around $107,800, up by 24% over the past month. In the past two days, the largest cryptocurrency has gained over $100 million in its market cap, currently sitting around $2.12 billion.
According to blockchain analytics firm Glassnode, this price surge has significantly improved investor portfolios, prompting many to de-risk or lock in profits.
Glassnode explained that Bitcoin’s Realized Cap, an indicator that aggregates the cost basis of the circulating supply, has reached a new all-time high above $900 billion.
#Bitcoin’s strong price performance as of recent has significantly improved investor portfolios, prompting many to de-risk and take profit.
This wave of fresh capital inflows has pushed Bitcoin’s Realized Cap to a new all-time high above $900B, a major milestone in the asset’s… pic.twitter.com/wfbU13FE4K
— glassnode (@glassnode) May 20, 2025
Meanwhile, as Bitcoin flirts with a potential breakout, many short sellers are walking on thin ice. Popular analyst BitBull noted on X that as soon as BTC reaches $108,000, $1.1 billion worth of BTC shorts will be liquidated. LET’S LIQUIDATE THE BEARS,” he added.
🚨$1.1B OF $BTC Shorts Will Be Liquidated at 108K$BTC already hit $107K
LETS LIQUIDATE THE BEARS! pic.twitter.com/WYwrjgEm8i
— BitBull (@AkaBull_) May 21, 2025
Governments quietly increasing bitcoin exposure
A recent report by Standard Chartered notes that while US spot Bitcoin ETFs continue to bring inflows, governments and public institutions are gaining indirect exposure by buying MicroStrategy (now called Strategy) shares, which hold big amounts of Bitcoin.
The bank has reinforced its prediction for Bitcoin price to reach $500,000 before the US president Donald Trump leaves office in 2029.
In the short term, the bank’s Geoff Kendrick recently revised its Bitcoin price prediction, setting a $200,000 price target for the cryptocurrency by Q2 2025.
Btc price outlook
On the daily BTC price chart, the RSI is currently at 73, indicating the cryptocurrency is entering overbought territory—a potential signal of short-term exhaustion. However, this level often suggests strong bullish trends, especially during breakout rallies.
BTC price chart with RSI and Bollinger Bands | Source: TradingView
The Bollinger Bands are widening, with BTC trading at the upper band. The middle band (20-day SMA) around $101,000 now acts as immediate support, while the key resistance remains at $108,000-$110,200.
A confirmed breakout above the resistance band could push BTC to a new peak.
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Bitcoin bull presale draws crowd as btc rallies higher
As Bitcoin continues its march toward all-time highs, the meme coin Bitcoin Bull (BTCBULL) is gaining momentum with its unique presale program.
Interestingly, the Bitcoin Bull team introduces a creative reward model: for every $25,000 rise in Bitcoin’s price between $100K and $250K, holders receive benefits such as BTC airdrops and token burns. The best reward of BTCBULL airdrop is scheduled for when Bitcoin touches the $250,000 mark.
What should you know about btcbull presale?
So far, the BTCBULL team has raised over $6 million, just shy of its $6.9 million goal.
BTCBULL Presale Details:
Token Price: $0.00252
Funds Raised: $6.06 million
Payment Methods: ETH, USDT
Ticker: BTCBULL
The presale is expected to close in the next few hours, after which a price hike could happen. With Bitcoin’s ongoing rally, early BTCBULL supporters are hoping to make big gains.
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Earlier today, the Dogecoin DOGE $0.18 24h volatility: 5.1% Market cap: $27.07 B Vol. 24h: $1.05 B price surged over 4%, moving all the way to $0.232, with daily trading volume surging 12% to more than $2 billion. This comes despite the US Securities and Exchange Commission (SEC) delaying the decision on a spot Dogecoin ETF from Graysclae Investments.
Recently, Dogecoin has been trading in a tight range between $0.22 and $0.25, and is still trading 38% up on the monthly chart. However, it has found stiff resistance at $0.25, where early investors have been doing heavy distribution.
Crypto analyst Ali Martinez has highlighted a potential breakout scenario for Dogecoin (DOGE) as the meme-inspired cryptocurrency gains momentum. “Momentum is building!” Martinez noted. According to Martinez, if Dogecoin manages to surpass the critical resistance level at $0.239, it could pave the way for a rally toward $0.265.
Crypto analyst Javon Marks has drawn attention to Dogecoin’s (DOGE) historical bull cycle patterns, suggesting the current setup mirrors previous rallies. Based on past trends, Marks predicts that DOGE could experience a significant surge of over 215%, potentially reaching a minimum price of $0.73905.
“By Dogecoin’s previous bull cycles and its similar setup this cycle, another nearly +215% increase can be on the way,” Marks stated.
By Dogecoin's previous bull cycles and its similar setup this cycle, another nearly +215% increase to $0.73905, AT THE MINIMUM, can be on the way ⚡️.$DOGE pic.twitter.com/0CQt5EPADZ
— JAVON⚡️MARKS (@JavonTM1) May 21, 2025
Some market analysts have also been giving much higher price targets of $1 and beyond for Dogecoin price. A technical analysis chart shared by cryptocurrency analyst “Trader Tardigrade” suggests DOGE may be forming its third major cup and handle.
According to the analysis, Dogecoin appears to be nearing the completion of its third such pattern. Also, the logarithmic scale suggests that potential targets could reach as high as $6.00, significantly above Dogecoin’s current trading range.
#Dogecoin's 6-month chart provides a clear macro picture of its past gains and forecasts its future moves 🔥$Doge pic.twitter.com/Ad92UyHdBj
— Trader Tardigrade (@TATrader_Alan) May 20, 2025
DOGE ETF Decision Delayed Once Again
Grayscale Investments has taken a significant step in expanding its crypto offerings by filing for a spot Dogecoin (DOGE) ETF, following the launch of its DOGE Trust in January. The US Securities and Exchange Commission (SEC) acknowledged the DOGE ETF filing in March, initiating the official review process.
The SEC is expected to announce its decision on the Dogecoin ETF by June 17. Bloomberg Senior ETF Analyst James Seyffart commented on the development, noting that delays in the approval process for such products are a common occurrence.
Earlier this week, the SEC postponed its decision on the Solana ETF applications submitted by Bitwise and 21Shares.
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🔥Meme Coin Bitcoin BULL Gains Momentum
As Bitcoin continues its upward march toward all-time highs, the meme coin Bitcoin Bull (BTCBULL) is drawing attention with its innovative presale program and unique reward structure.
The BTCBULL team has introduced a creative incentive model: for every $25,000 increase in Bitcoin’s price between $100,000 and $250,000, holders receive benefits such as Bitcoin airdrops and token burns. The most significant reward — a BTCBULL token airdrop — is planned when Bitcoin reaches the $250,000 milestone.
What You Need to Know About BTCBULL Presale
Key BTCBULL presale details:
Token price: $0.00252
Funds raised: $6.06 million
Goal: $6.9 million
Payment methods: ETH, USDT
Ticker: BTCBULL
The presale is nearing its conclusion, with just hours left before it closes. Early investors are optimistic about potential gains, especially as Bitcoin’s rally fuels excitement.
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Avalanche Single-Handedly Took NFT Sales to 5-Month Highs: Is This Sale Legit?
Avalanche AVAX $21.65 24h volatility: 2.4% Market cap: $9.03 B Vol. 24h: $343.15 M is seeing an impressive rise in its non-fungible token sales volume, mainly coming from a collection called XSY Deposit.
XSY is the company behind the algorithmic stablecoin project Unity (UTY), which received a $5 million Pre-Series A funding.
The XSY deposit fund movements are recorded as NFT sales on the Avalanche network. According to CryptoSlam data, the collection recorded $22.17 million in sales over the past 24 hours, marking a nearly 200,000% rally.
However, it’s still unclear why XSY’s transactions are being recorded as NFT sales. The lack of public information from the project regarding the XSY Deposit collection shows its limited transparency.
The sharp rise and fall in the collection’s sales volume suggest potential market manipulation or speculative trading.
The massive rise helped the Avalanche network to take the top spot with $22.18 million in trading volume — it surpassed major blockchains like Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , Polygon POL $0.24 24h volatility: 2.3% Market cap: $2.13 B Vol. 24h: $75.42 M , Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B , to name a few.
Moreover, the rise in NFT sales brought positive momentum to AVAX. The token is up 1.6% and is trading at $22.6 at the time of writing. Key indicators suggest a strong possibility of a bull run for the asset. However, it should be noted that market volatility and sentiment can impact an asset’s price movements.
This brings the total NFT sales to $37.14 million — a level last seen in mid-December 2024.
Similar spikes in NFT sales have been recorded with different projects, like the Pudgy Penguins’ $1.28 million sale in late April. However, the leading collections in the ecosystem have been showing massive declines.
The once-popular collection CryptoPunks, for instance, recorded only one NFT sale, worth $134,080, in the past 24 hours. Ethereum’s NFT trading volume decreased by 15% to $3.3 million.
Bitcoin, on the other hand, saw a 27% increase in its NFT sales, reaching $2.9 million, according to CryptoSlam.
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Kraken Expands Crypto Derivatives Trading in EU With Cyprus License
Digital asset exchange giant Kraken has taken another step in its global strategy. According to the exchange, it has secured regulatory approval to offer crypto derivatives in the European Union. This follows a recently acquired license in Cyprus.
Kraken Gains Ground in the European Market
According to the exchange’s announcement, Kraken has received the green light to expand its crypto derivatives services to users across the European Economic Area. This move became possible after the platform acquired a Cypriot investment firm earlier this year.
The acquisition granted Kraken a Markets in Financial Instruments Directive (MiFID) license. This will allow the cryptocurrency entity to serve retail and institutional investors in the EU. The permit was granted by the Cyprus Securities and Exchange Commission (CySEC), marking a notable expansion for the exchange across continents.
It is worth noting that this latest update is part of Kraken’s recent growth strategy. In a recent report, Coinspeaker noted that Kraken now offers commission-free access to US-listed stocks and ETFs for clients in ten American states.
Again, this recent update follows a similar rollout in the United Kingdom. The UK officials granted the exchange access to start offering regulated derivatives trading under the supervision of the Financial Conduct Authority.
Now, users in EU countries, including France, Germany, the Netherlands, and others, will gain access to Kraken’s existing set of perpetual and fixed maturity futures contracts. According to Kraken’s Head of Exchange, Shannon Kurtas, these contracts already account for significant trading volume, estimated to range between $1 billion and $2 billion daily.
Kurtas stated that the focus is not on launching new contracts. However, they are working to improve existing products that are already well established with strong liquidity and mature markets.
She mentioned that the necessary infrastructure is already in place. This allows for lower execution costs and greater efficiency for users moving funds in and out of the system.
Derivative Trading Now a Core Business for Kraken Exchange
Crypto derivatives have become a major part of Kraken’s global offering. The firm estimates that derivatives now make up much of its overall trading activity. On a broader scale, global crypto markets have seen derivatives dominate, accounting for up to 75% of total volume.
Since the US SEC dropped its lawsuit, Kraken has expanded. Its growth includes acquiring Crypto Facilities, a UK-based futures platform, and NinjaTrader, a US derivatives platform. These moves show Kraken’s aim to lead regulated crypto markets.
The crypto exchange recently introduced its Embed application in Europe. This allows neobanks and fintech platforms to offer their customers both spot and derivatives trading. Larger crypto firms increasingly turn to agile jurisdictions such as Cyprus and Malta. These locations help them gain regulatory approval more quickly.
It is essential to add that the EU is one of the fastest-growing areas for digital assets. Kraken’s move places it in a strong position to meet the region’s increasing demand for regulated and efficient derivatives trading.
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Ethereum Price Rally Soon? ETH ETF Inflows, Institutional Bets, Golden Cross Confirmed
Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price continues to show greater strength with another 2% upside today, moving to $2,600. Amid strong institutional buying and chart patterns, market analysts are turning increasingly optimistic for the ETH rally to continue. Currently, the immediate resistance for ETH is at $2,700, crossing which can stage a rally to $3,000-$4,000.
Ethereum price can surge amid institutional eth purchases
Institutional Ethereum purchases have resumed once again as after a three-day break, Abraxas Capital has resumed its Ethereum acquisition spree, purchasing an additional 46,295 ETH valued at $115.3 million, according to the data from Arkham Intelligence.
Since May 7, the investment firm has accumulated a total of 350,703 ETH, worth $837 million, at an average price of $2,386 per ETH. The holdings currently reflect an unrealized profit of $50 million, underscoring Abraxas Capital’s bullish stance on Ethereum.
On the other hand, inflows into spot Ethereum ETFs have shot up once again. On Tuesday, May 20, the net inflows into US Ethereum ETFs were $64.8 million, with BlackRock Ether ETF (ETHA) alone contributing more than $45 million. This is yet another example of institutional inflows ticking up for the altcoin.
Additionally, the world’s largest asset manager has revealed holdings of more than 1.2 million ETH. The firm’s $3 billion tokenized BUIDL fund continues its rapid growth, with Ethereum dominating the portfolio at a commanding 92% market share.
Eth golden cross pattern raises bullish outlook
Ethereum’s price chart has achieved a significant milestone, forming a golden cross. Market analysts suggest this could signal the beginning of a strong upward trend.
Golden cross for $ETH.
What's next, is obvious! pic.twitter.com/5ikANGGyv7
— CryptoGoos (@crypto_goos) May 20, 2025
On the other hand, CoinGlass data shows that the Ethereum futures open interest remains intact at $31.32 billion, highlighting strong bullish sentiment among traders at this point. Furthermore, the on-chain ETH data also continues to show strength.
Ethereum’s exchange reserves are experiencing a significant drop, suggesting a tightening supply in the market. Analysts anticipate a potential supply squeeze, with a short-term price surge toward $5,000 now considered a plausible scenario.
$ETH supply on exchanges dropping hard
Massive squeeze coming
+$5,000 short term ON the table
👀 pic.twitter.com/cD7dlGPRDg
— Crypto GEMs 📈🚀 (@cryptogems555) May 19, 2025
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Mind of pepe presale: don’t miss this opportunity
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A unique approach to meme coins
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Mind tokenomics and presale highlights
Key presale details include:
Token price: $0.0037515
Funds raised: $9.58 million
Accepted payments: ETH, BNB, USDT
Ticker: MIND
Built on: Ethereum
The platform’s native ERC-20 token, MIND, serves as a gateway to an AI dashboard, early-stage token investment opportunities, and governance features. Investors are drawn to the project’s staking program, offering an annual yield of 256%, fostering long-term engagement.
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