#Write2Earn! #CryptoComeback Here a roundup of the most significant crypto news and trends for Friday, May 9, 2025:
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Market Movers & Major Developments
Bitcoin Hits $100K After BlackRock鈥檚 Massive Buy
Bitcoin surged past $100,000 after BlackRock purchased 47,064 BTC worth $4.44 billion at around $95,000. This institutional move has intensified bullish momentum across the market .
$BTC Binance Delists Tokens, Halts 14 Networks
Binance announced it will delist three tokens and suspend transactions across 14 networks today due to low liquidity and trading activity. This could impact holders of lesser-known altcoins .
$BNB Coinbase Acquires Deribit for $2.9B
Coinbase is expanding into crypto derivatives with its $2.9 billion acquisition of Deribit, one of the largest crypto options platforms. This move signals a broader push into institutional-grade trading products .
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Token Launches & Exchange Updates
Doodles Launches $DOOD Token on Solana
The NFT project Doodles has launched its native token, $DOOD, on the Solana blockchain. MEXC is supporting the launch with a 100,000 USDT prize pool to incentivize trading .
MEXC Lists USD1 Stablecoin
MEXC has listed USD1, a new stablecoin developed by World Liberty Financial, aiming to accelerate global stablecoin innovation .
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Legal & Regulatory Highlights
Bitcoin SV Delisting Case Reveals Missed Growth
A court case concerning Bitcoin SV (BSV) revealed that before its delisting, the value of BSV sub class B was significantly impacted, highlighting the effects of exchange decisions on token value .
Trump Schedules Trade Deal Announcement
President Trump has scheduled a 'major trade deal' news conference for tomorrow at 10:00 AM in the Oval Office, which could have implications for the crypto market .
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Broader Market Trends
Ethereum Holds Steady Post-Pectra Upgrade
Ethereum's price remains stable following the recent Pectra upgrade, which aims to improve performance and user experience .
XRP's Outlook in May 2025
As May 2025 unfolds, XRP is navigating a pivotal phase, with its price hovering around $2.16. This period is marked by significant developments, particularly the resolution of Ripple鈥檚 prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) .
$XRP If you'd like deeper insights into any of these developments or a breakdown of specific tokens, feel free to ask!