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CZ Disputes Allegations in WSJ Report on Trump-Linked Crypto DealsChangpeng “CZ” Zhao, the founder and former CEO of Binance, has denied allegations from an article published by The Wall Street Journal that stated that CZ acted as an intermediary between the World Liberty Financial (WLF) team and tech entrepreneur Bilal bin Saqib. CZ criticized the Wall Street Journal article, claiming it was riddled with inaccuracies and accused the author of attempting to create a hit piece aimed at portraying the crypto industry in a negative light. Taking to X, CZ firmly stated that he is not a fixer and rejected the WSJ’s portrayal of his alleged involvement with World Liberty Financial. The organization, which has ties to Trump’s family, was reportedly introduced to several foreign investors, including Bilal bin Saqib, claims that CZ has outright denied. Another hit piece from Wall Street Journal. WSJ instead of doing journalism, has pretty much resorted to Cunningham’s Law, with negative intentions. "Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer."… — CZ 🔶 BNB (@cz_binance) May 23, 2025 CZ criticized the brand of journalism practiced by WSJ and vehemently denied any involvement in acting as a “fixer” for World Liberty Financial. Binance founder noted that Saqib and WLF had “known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan.” This X response follows a WSJ publication alleging blurred boundaries between public and private interests concerning WLF. The article highlighted potential overlaps between diplomatic initiatives and private crypto activities, suggesting CZ might have been seeking to gain favor with the Trump administration. CZ Blames Crypto Opposition CZ believes that articles like the one WSJ published are designed to dissuade the U.S. from accepting and using cryptocurrency. In the X post, he termed WSJ as merely the mouthpiece for those that opposed cryptocurrency in the U.S. CZ further added that the opposition wants to “attack crypto, global crypto leaders, and the pro-crypto administration.” CZ and the Wall Street Journal have clashed in the past, most notably when he criticized the publication for alleging that Binance’s former CEO had engaged in discussions with U.S. President Donald Trump about allowing him to purchase a stake in Binance.US. next The post CZ Disputes Allegations in WSJ Report on Trump-Linked Crypto Deals appeared first on Coinspeaker.

CZ Disputes Allegations in WSJ Report on Trump-Linked Crypto Deals

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has denied allegations from an article published by The Wall Street Journal that stated that CZ acted as an intermediary between the World Liberty Financial (WLF) team and tech entrepreneur Bilal bin Saqib.

CZ criticized the Wall Street Journal article, claiming it was riddled with inaccuracies and accused the author of attempting to create a hit piece aimed at portraying the crypto industry in a negative light.

Taking to X, CZ firmly stated that he is not a fixer and rejected the WSJ’s portrayal of his alleged involvement with World Liberty Financial. The organization, which has ties to Trump’s family, was reportedly introduced to several foreign investors, including Bilal bin Saqib, claims that CZ has outright denied.

Another hit piece from Wall Street Journal. WSJ instead of doing journalism, has pretty much resorted to Cunningham’s Law, with negative intentions.

"Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer."…

— CZ 🔶 BNB (@cz_binance) May 23, 2025

CZ criticized the brand of journalism practiced by WSJ and vehemently denied any involvement in acting as a “fixer” for World Liberty Financial. Binance founder noted that Saqib and WLF had “known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan.”

This X response follows a WSJ publication alleging blurred boundaries between public and private interests concerning WLF. The article highlighted potential overlaps between diplomatic initiatives and private crypto activities, suggesting CZ might have been seeking to gain favor with the Trump administration.

CZ Blames Crypto Opposition CZ believes that articles like the one WSJ published are designed to dissuade the U.S. from accepting and using cryptocurrency. In the X post, he termed WSJ as merely the mouthpiece for those that opposed cryptocurrency in the U.S. CZ further added that the opposition wants to “attack crypto, global crypto leaders, and the pro-crypto administration.”

CZ and the Wall Street Journal have clashed in the past, most notably when he criticized the publication for alleging that Binance’s former CEO had engaged in discussions with U.S. President Donald Trump about allowing him to purchase a stake in Binance.US.

next

The post CZ Disputes Allegations in WSJ Report on Trump-Linked Crypto Deals appeared first on Coinspeaker.
Ethereum Eyes All-Time High but Faces Key Resistance At $2,900Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price has been showing major strength recently, rising to the crucial resistance of $2,700, with a massive 50% upside in the last 15 days. However, the altcoin is encountering significant resistance at this level and must break through it with strong trading volumes to confirm the uptrend. Although on-chain metrics indicate underlying strength, Ethereum bulls need to surpass the “Active Realized Price” of $2,900 to secure a sustained rally toward all-time highs. Ethereum Price Analysis: Key Metrics Indicate Bullish Momentum On-chain analytics firm Glassnode has highlighted significant milestones for Ethereum (ETH) as the cryptocurrency continues to show bullish momentum. In May, ETH climbed past its Realized Price of $1,900, signaling a return to profitability for the average holder. The current price has also surpassed the True Market Mean of $2,400, which Glassnode views as a bullish indicator for the asset. However, analysts suggest that reclaiming the Active Realized Price at $2,900 is essential to solidify investor confidence and sustain the upward trajectory. This level represents the average acquisition price of the most active participants in the Ethereum market. In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign – but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://t.co/EdqeH4GGXO pic.twitter.com/BHEN9Mgdfs — glassnode (@glassnode) May 23, 2025 As of press time, ETH price is facing some selling pressure down 2.5%, slipping under $2,600 level, with a 25% drop in daily trading volumes. This sudden selling pressure is felt across the broader crypto market as Trump threatens to impose a 50% tariff on the EU starting June 1. The announcement has once again rattled the global crypto landscape. Prominent crypto analyst Ali Martinez has identified a robust support level for Ethereum at $2,370. In a recent update, Martinez noted the absence of major resistance barriers above this level, suggesting potential for further upward momentum. #Ethereum $ETH has built a solid support floor at $2,370, with no significant resistance walls ahead! pic.twitter.com/E67jeybl6e — Ali (@ali_charts) May 22, 2025 Ethereum ETF Inflows Pick Up Pace Again Inflows into the spot Ethereum ETF have picked up pace once again, netting up a total of $110 million on Thursday. The biggest contribution came from Grayscale’s ETHE, which saw $43.7 million in inflows, followed by Fidelity’s FETH, which saw $42.2 million in inflows, and Grayscale mini-Ether ETF, which saw $18.7 million in inflows. On the other hand, the U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding 21Shares’ proposal to integrate staking services into its spot Ethereum ETF. The delay signals continued regulatory scrutiny over innovations in cryptocurrency investment products. Note: this is a sponsored message from our partners Mind of Pepe Presale Explodes with Only 7 Days Left to Join Ethereum’s rise is driving an altcoin rally and putting the spotlight on Mind of Pepe ($MIND), a new Ethereum-based meme coin with a unique twist. Unlike most meme tokens, MIND offers real-world utility through a self-learning AI agent that provides exclusive market insights. Innovative Tokenomics and Presale Success Mind of Pepe’s ERC-20 token, MIND, is in presale and offers users access to an advanced AI dashboard, early token opportunities, and governance participation. The project has raised $10 million, attracting long-term investors with a 227% annual staking yield. With the mainnet launch approaching, billions of MIND tokens are already locked in. Key Presale Highlights: Token Price: $0.0037515 Funds Raised: $10 million Accepted Payments: ETH, USDT Ticker: MIND Blockchain: Ethereum next The post Ethereum Eyes All-Time High But Faces Key Resistance at $2,900 appeared first on Coinspeaker.

Ethereum Eyes All-Time High but Faces Key Resistance At $2,900

Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price has been showing major strength recently, rising to the crucial resistance of $2,700, with a massive 50% upside in the last 15 days.

However, the altcoin is encountering significant resistance at this level and must break through it with strong trading volumes to confirm the uptrend.

Although on-chain metrics indicate underlying strength, Ethereum bulls need to surpass the “Active Realized Price” of $2,900 to secure a sustained rally toward all-time highs.

Ethereum Price Analysis: Key Metrics Indicate Bullish Momentum

On-chain analytics firm Glassnode has highlighted significant milestones for Ethereum (ETH) as the cryptocurrency continues to show bullish momentum.

In May, ETH climbed past its Realized Price of $1,900, signaling a return to profitability for the average holder. The current price has also surpassed the True Market Mean of $2,400, which Glassnode views as a bullish indicator for the asset.

However, analysts suggest that reclaiming the Active Realized Price at $2,900 is essential to solidify investor confidence and sustain the upward trajectory. This level represents the average acquisition price of the most active participants in the Ethereum market.

In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign – but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://t.co/EdqeH4GGXO pic.twitter.com/BHEN9Mgdfs

— glassnode (@glassnode) May 23, 2025

As of press time, ETH price is facing some selling pressure down 2.5%, slipping under $2,600 level, with a 25% drop in daily trading volumes. This sudden selling pressure is felt across the broader crypto market as Trump threatens to impose a 50% tariff on the EU starting June 1. The announcement has once again rattled the global crypto landscape.

Prominent crypto analyst Ali Martinez has identified a robust support level for Ethereum at $2,370. In a recent update, Martinez noted the absence of major resistance barriers above this level, suggesting potential for further upward momentum.

#Ethereum $ETH has built a solid support floor at $2,370, with no significant resistance walls ahead! pic.twitter.com/E67jeybl6e

— Ali (@ali_charts) May 22, 2025

Ethereum ETF Inflows Pick Up Pace Again

Inflows into the spot Ethereum ETF have picked up pace once again, netting up a total of $110 million on Thursday. The biggest contribution came from Grayscale’s ETHE, which saw $43.7 million in inflows, followed by Fidelity’s FETH, which saw $42.2 million in inflows, and Grayscale mini-Ether ETF, which saw $18.7 million in inflows.

On the other hand, the U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding 21Shares’ proposal to integrate staking services into its spot Ethereum ETF. The delay signals continued regulatory scrutiny over innovations in cryptocurrency investment products.

Note: this is a sponsored message from our partners

Mind of Pepe Presale Explodes with Only 7 Days Left to Join

Ethereum’s rise is driving an altcoin rally and putting the spotlight on Mind of Pepe ($MIND), a new Ethereum-based meme coin with a unique twist. Unlike most meme tokens, MIND offers real-world utility through a self-learning AI agent that provides exclusive market insights.

Innovative Tokenomics and Presale Success

Mind of Pepe’s ERC-20 token, MIND, is in presale and offers users access to an advanced AI dashboard, early token opportunities, and governance participation. The project has raised $10 million, attracting long-term investors with a 227% annual staking yield. With the mainnet launch approaching, billions of MIND tokens are already locked in.

Key Presale Highlights:

Token Price: $0.0037515

Funds Raised: $10 million

Accepted Payments: ETH, USDT

Ticker: MIND

Blockchain: Ethereum

next

The post Ethereum Eyes All-Time High But Faces Key Resistance at $2,900 appeared first on Coinspeaker.
Bitcoin Reverses Gains As President Trump Revives Tariff ScareBitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reversed gains on May 23 after President Donald Trump announced new trade measures targeting the European Union. The move sent shockwaves across global markets, with Bitcoin and other cryptocurrencies reacting negatively to the revived tensions. Trump’s EU Tariff Plan Sends Market into Panic The digital asset markets woke up to a fresh wave of volatility after President Trump declared a 50% tariff on all goods imported from the European Union. In a post on Truth Social, the president said that discussions with the EU had stalled and that the U.S. had no choice but to take stronger action. The new tariffs are expected to begin on June 1, 2025. This latest tariff update comes when the United States and China actively negotiated favorable trade terms. Shortly afterward, President Trump turned his attention to Apple Inc. (NASDAQ: AAPL), warning the tech giant of a 25% tariff on iPhones that are not manufactured within the United States. He stated that he had already informed Apple’s CEO, Tim Cook, of his expectations regarding domestic production. According to the president, if Apple continues to assemble iPhones in countries like India, the 25% tariff will be enforced. The announcements rattled financial markets. U.S. stock index futures fell, and Apple shares dropped 3.6% in early trading. Bitcoin, which had crossed the $111,000 mark just hours before, fell to around $108,600 following the news. Bitcoin Price Bleeds as Trade War Fears Resurface It is worth mentioning that the impact was immediate across the crypto market. The total market value dropped to $3.42 trillion, reflecting a 2.58% decline. Bitcoin, the market leader, saw a slight pullback in value after reaching a record high earlier in the week. Bitcoin was trading at $109,494.41, down by 1.86% at the time of writing. The sudden drop in the price of Bitcoin was closely tied to renewed fears over international trade disruptions. Other major cryptocurrencies followed the selloff trend. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B dropped by 2.65% to trade at $2,581.36, and XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B fell 2.27% to $2.36. The overall mood turned cautious as investors digested the president’s comments and considered the possibility of further trade-related measures. Traders had expected a quiet session before the holiday weekend, but the tone changed quickly as President Trump posted his message. With the tariff threat now front and center, traders are bracing for a volatile period. The uncertainty around trade policy and its broader effects on tech and crypto markets remains high. As the June 1 implementation date approaches, the attention will likely remain on Washington and any further statements from the President. For now, the fear of an extended trade war has again cast a shadow over global markets, and Bitcoin is feeling the pressure. It is worth noting that despite the current tariff concerns, Texas is moving forward with legislation to create a Bitcoin reserve, becoming the second state to do so. next The post Bitcoin Reverses Gains as President Trump Revives Tariff Scare appeared first on Coinspeaker.

Bitcoin Reverses Gains As President Trump Revives Tariff Scare

Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reversed gains on May 23 after President Donald Trump announced new trade measures targeting the European Union.

The move sent shockwaves across global markets, with Bitcoin and other cryptocurrencies reacting negatively to the revived tensions.

Trump’s EU Tariff Plan Sends Market into Panic

The digital asset markets woke up to a fresh wave of volatility after President Trump declared a 50% tariff on all goods imported from the European Union.

In a post on Truth Social, the president said that discussions with the EU had stalled and that the U.S. had no choice but to take stronger action. The new tariffs are expected to begin on June 1, 2025. This latest tariff update comes when the United States and China actively negotiated favorable trade terms.

Shortly afterward, President Trump turned his attention to Apple Inc. (NASDAQ: AAPL), warning the tech giant of a 25% tariff on iPhones that are not manufactured within the United States.

He stated that he had already informed Apple’s CEO, Tim Cook, of his expectations regarding domestic production. According to the president, if Apple continues to assemble iPhones in countries like India, the 25% tariff will be enforced.

The announcements rattled financial markets. U.S. stock index futures fell, and Apple shares dropped 3.6% in early trading. Bitcoin, which had crossed the $111,000 mark just hours before, fell to around $108,600 following the news.

Bitcoin Price Bleeds as Trade War Fears Resurface

It is worth mentioning that the impact was immediate across the crypto market. The total market value dropped to $3.42 trillion, reflecting a 2.58% decline. Bitcoin, the market leader, saw a slight pullback in value after reaching a record high earlier in the week.

Bitcoin was trading at $109,494.41, down by 1.86% at the time of writing. The sudden drop in the price of Bitcoin was closely tied to renewed fears over international trade disruptions.

Other major cryptocurrencies followed the selloff trend. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B dropped by 2.65% to trade at $2,581.36, and XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B fell 2.27% to $2.36. The overall mood turned cautious as investors digested the president’s comments and considered the possibility of further trade-related measures.

Traders had expected a quiet session before the holiday weekend, but the tone changed quickly as President Trump posted his message. With the tariff threat now front and center, traders are bracing for a volatile period. The uncertainty around trade policy and its broader effects on tech and crypto markets remains high.

As the June 1 implementation date approaches, the attention will likely remain on Washington and any further statements from the President. For now, the fear of an extended trade war has again cast a shadow over global markets, and Bitcoin is feeling the pressure.

It is worth noting that despite the current tariff concerns, Texas is moving forward with legislation to create a Bitcoin reserve, becoming the second state to do so.

next

The post Bitcoin Reverses Gains as President Trump Revives Tariff Scare appeared first on Coinspeaker.
SUI Hack: Cetus Offers $6 Million Bounty to Recover $220 Million Stolen FundsCetus, the native decentralized exchange (DEX) on the Sui blockchain SUI $3.65 24h volatility: 5.3% Market cap: $12.18 B Vol. 24h: $1.76 B , is offering $6 million in white bounty to the hacker, in a bid to recover the $220 million stolen funds. The DEX has faced a major exploit on Thursday, May 22, although it managed to freeze $162 million of the stolen funds in a short time after the hack. Cetus has announced a white hat bounty of up to $6 million for the return of 20,920 Ether ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , valued at over $55 million, along with other stolen funds currently frozen on the Sui blockchain. In a message embedded in a blockchain transaction on May 22, Cetus wrote: “In exchange, you can keep 2,324 ETH ($6M) as a bounty, and we will consider the matter closed and will not pursue any further legal, intelligence, or public action.” However, Cetus has warned that if the hacker tries to move these assets off-ramp or send them further to crypto mixers, the hacker will “escalate with full legal and intelligence resources.” Team Deploys Special Function to Recover Funds From SUI Hack As per the GitHub activity, the SUI team has deployed an emergency which allows certain transactions to bypass security checks. These measures are potentially undertaken by the team to recover funds linked to SUI hack. Chaofan Shou, a software engineer at Solayer Labs explained: “It appears that the Sui team asked every validator to deploy patched code so they could take away @CetusProtocol hacker’s $160 million via an unsigned tx.” An unnamed Sui engineer informed Shou that validators held off deploying this and are currently only blocking transactions involving the hacker’s objects, as shared in a May 22 post on X. It appears that the Sui team asked every validator to deploy patched code so they could take away @CetusProtocol hacker’s $160 million via an unsigned tx. https://t.co/CDEIAs4C8G pic.twitter.com/wqkdY2F6py — Chaofan Shou (svm/acc) (@shoucccc) May 22, 2025 This decision has drawn criticism from decentralization advocates, who argue that the ability to override transactions undermines the core principles of a decentralized, permissionless network. However, others in the crypto community view the swift action as a positive sign of progress rather than a move toward centralization. Following this development, SUI price has come under strong selling pressure after being rejected at $4.2. It is currently trading at $3.85, with daily trading volume up 45% to $3.4 billion. A price recovery appears unlikely until the team manages to recover the funds. Just last week, SUI outperformed XRP and ADA in institutional inflows. Despite this bullish sentiment, the token is now facing losses, reflecting broader market uncertainty. next The post SUI Hack: Cetus Offers $6 Million Bounty to Recover $220 Million Stolen Funds appeared first on Coinspeaker.

SUI Hack: Cetus Offers $6 Million Bounty to Recover $220 Million Stolen Funds

Cetus, the native decentralized exchange (DEX) on the Sui blockchain SUI $3.65 24h volatility: 5.3% Market cap: $12.18 B Vol. 24h: $1.76 B , is offering $6 million in white bounty to the hacker, in a bid to recover the $220 million stolen funds. The DEX has faced a major exploit on Thursday, May 22, although it managed to freeze $162 million of the stolen funds in a short time after the hack.

Cetus has announced a white hat bounty of up to $6 million for the return of 20,920 Ether ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B , valued at over $55 million, along with other stolen funds currently frozen on the Sui blockchain. In a message embedded in a blockchain transaction on May 22, Cetus wrote:

“In exchange, you can keep 2,324 ETH ($6M) as a bounty, and we will consider the matter closed and will not pursue any further legal, intelligence, or public action.”

However, Cetus has warned that if the hacker tries to move these assets off-ramp or send them further to crypto mixers, the hacker will “escalate with full legal and intelligence resources.”

Team Deploys Special Function to Recover Funds From SUI Hack

As per the GitHub activity, the SUI team has deployed an emergency which allows certain transactions to bypass security checks. These measures are potentially undertaken by the team to recover funds linked to SUI hack.

Chaofan Shou, a software engineer at Solayer Labs explained: “It appears that the Sui team asked every validator to deploy patched code so they could take away @CetusProtocol hacker’s $160 million via an unsigned tx.”

An unnamed Sui engineer informed Shou that validators held off deploying this and are currently only blocking transactions involving the hacker’s objects, as shared in a May 22 post on X.

It appears that the Sui team asked every validator to deploy patched code so they could take away @CetusProtocol hacker’s $160 million via an unsigned tx. https://t.co/CDEIAs4C8G pic.twitter.com/wqkdY2F6py

— Chaofan Shou (svm/acc) (@shoucccc) May 22, 2025

This decision has drawn criticism from decentralization advocates, who argue that the ability to override transactions undermines the core principles of a decentralized, permissionless network.

However, others in the crypto community view the swift action as a positive sign of progress rather than a move toward centralization.

Following this development, SUI price has come under strong selling pressure after being rejected at $4.2. It is currently trading at $3.85, with daily trading volume up 45% to $3.4 billion. A price recovery appears unlikely until the team manages to recover the funds.

Just last week, SUI outperformed XRP and ADA in institutional inflows. Despite this bullish sentiment, the token is now facing losses, reflecting broader market uncertainty.

next

The post SUI Hack: Cetus Offers $6 Million Bounty to Recover $220 Million Stolen Funds appeared first on Coinspeaker.
Texas Set to Create Bitcoin Reserve Under Groundbreaking Crypto LegislationWith the Texas House of Representatives passing groundbreaking legislation to establish a Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reserve, Texas is set to become the second state to create such a fund. The Texas House of Representatives passed the Senate Bill 21 in a 101-42 vote in the third reading, gaining support from various political parties. Previously approved in the Senate with a 25-5 vote, the bill will next undergo a concurrence vote on House amendments before being sent to Governor Greg Abbott, who is widely expected to sign it into law given his strong and consistent support for cryptocurrency. Senate Bill 21, authored by Senator Charles Schwertner and introduced in the House by Representative Giovanni Capriglione, aims to enable Texas to hold cryptocurrency reserves for assets with a market capitalization exceeding $500 billion. Currently, Bitcoin is the only cryptocurrency that meets this criterion. Supporters of the bill believe it will allow the state to benefit from holding Bitcoin while positioning Texas as a leader and innovator in the financial sector. The bill also states other guidelines that must be followed before the state’s funds are used in crypto investment. If passed, the Bitcoin reserves would be overseen by the state’s comptroller. Crypto Reserves in the U.S States Texas is not the only state to have considered creating a Bitcoin reserve. New Hampshire currently holds the distinction of being the first U.S. state to establish such a reserve, while other states like Florida and Arizona attempted similar initiatives but were halted due to concerns over the volatility of cryptocurrency. The Arizona governor rejected the Senate Bill 1373 on May 12 that would have seen the creation of a BTC reserve in the state and allowed the treasury to use up to 10% of state’s funds to hold cryptocurrency. The governor thought it was unwise to use taxpayers’ money to buy cryptocurrency. The Arizona governor did not completely reject crypto usage in the state, thought, as they allowed the creation of Bitcoin ATMs, but stipulated strict guidelines that must be followed by operators to protect users. next The post Texas Set to Create Bitcoin Reserve Under Groundbreaking Crypto Legislation appeared first on Coinspeaker.

Texas Set to Create Bitcoin Reserve Under Groundbreaking Crypto Legislation

With the Texas House of Representatives passing groundbreaking legislation to establish a Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B reserve, Texas is set to become the second state to create such a fund.

The Texas House of Representatives passed the Senate Bill 21 in a 101-42 vote in the third reading, gaining support from various political parties. Previously approved in the Senate with a 25-5 vote, the bill will next undergo a concurrence vote on House amendments before being sent to Governor Greg Abbott, who is widely expected to sign it into law given his strong and consistent support for cryptocurrency.

Senate Bill 21, authored by Senator Charles Schwertner and introduced in the House by Representative Giovanni Capriglione, aims to enable Texas to hold cryptocurrency reserves for assets with a market capitalization exceeding $500 billion.

Currently, Bitcoin is the only cryptocurrency that meets this criterion. Supporters of the bill believe it will allow the state to benefit from holding Bitcoin while positioning Texas as a leader and innovator in the financial sector.

The bill also states other guidelines that must be followed before the state’s funds are used in crypto investment. If passed, the Bitcoin reserves would be overseen by the state’s comptroller.

Crypto Reserves in the U.S States

Texas is not the only state to have considered creating a Bitcoin reserve. New Hampshire currently holds the distinction of being the first U.S. state to establish such a reserve, while other states like Florida and Arizona attempted similar initiatives but were halted due to concerns over the volatility of cryptocurrency.

The Arizona governor rejected the Senate Bill 1373 on May 12 that would have seen the creation of a BTC reserve in the state and allowed the treasury to use up to 10% of state’s funds to hold cryptocurrency. The governor thought it was unwise to use taxpayers’ money to buy cryptocurrency.

The Arizona governor did not completely reject crypto usage in the state, thought, as they allowed the creation of Bitcoin ATMs, but stipulated strict guidelines that must be followed by operators to protect users.

next

The post Texas Set to Create Bitcoin Reserve Under Groundbreaking Crypto Legislation appeared first on Coinspeaker.
Trump Gala Over, Top Memecoin Holders Dump Tokens on the MarketThe latest market data shows a sharp decline in Official Trump TRUMP $12.85 24h volatility: 0.3% Market cap: $2.57 B Vol. 24h: $951.17 M token prices. This twist comes shortly after the much-hyped crypto dinner that U.S. President Donald Trump hosted. Market observers are now showing concerns about potential market manipulation. TRUMP Holders Exit Positions Before Gala Begins According to reports, the highly publicized Trump crypto gala occurred on May 22. Following the dinner announcement, the TRUMP token rose by 30%. The event was attended by the top 220 holders of TRUMP, a meme coin that has attracted global attention in recent months. It is worth noting that the dinner was planned to bring top token holders together and celebrate the asset’s progress. Reports show that the event had international appeal, with 72% of attendees coming from outside the United States. According to reports, guests held around $394 million worth of the TRUMP token before the event. The top 25 wallets had VIP access, which included a private session with President Trump before the dinner. However, things started to go south even before guests arrived. For context, market figures showed signs of a selloff early on. Despite the exclusive invitation, blockchain data shows that 92,220 eligible wallets sold off their entire holdings before the dinner. The sudden move triggered a 14.84% price drop, bringing the token down to $13.36. Following the event, the number of tokens held by the largest wallets dropped from 11.3 million to just 7 million. Many saw this drop as a strategic sell-off by insiders who exploited the gala’s hype. It is worth noting that public reaction to the event shows just how unpredictable meme coins can be. It reveals how much they rely on celebrity publicity. For instance, Binance founder Changpeng “CZ” Zhao recently triggered a fresh meme coin hype on X after asking a simple question about dogs. Interestingly, that one post led to creation of an entirely new meme coin project. This indicates that much of the meme coin space runs on hype rather than solid foundations. Political Backlash Overshadow the Trump Coin Gala It is worth mentioning that apart from the financial impact, the TRUMP token dinner drew heavy criticism from lawmakers and protesters. Outside the event, demonstrators accused the president of using digital assets for questionable political dealings with some members of the United States Congress, reiterating their concerns. Senator Chris Murphy openly criticized the event, calling it a corrupt setup. He pointed out that offering access to the president in exchange for crypto investment created a dangerous link between politics and financial speculation. Murphy demanded that the full guest list be made public if the dinner was legitimate. Trump's meme coin is designed to facilitate corruption. You can pay Trump secretly, which gets you secret special access to the President. If Trump's dinner with the top coin buyers was legit, he would release the list of attendees. But it's corrupt. So the list stays hidden. pic.twitter.com/i7j4Nqbezu — Chris Murphy 🟧 (@ChrisMurphyCT) May 22, 2025 Based on market sentiment, the Official Trump coin, like many other meme coins, usually rises and falls based on hype. Many of these coins do not have strong use cases, so their value often changes with public mood or big events. This makes them risky for most investors according to critics. This reveals the intention behind Democratic lawmaker Sam Liccardo’s introduction of a bill to ban government officials from launching memecoins. This proposal was introduced after President Trump and the First Lady released their memecoins earlier this year. next The post Trump Gala Over, Top Memecoin Holders Dump Tokens on the Market appeared first on Coinspeaker.

Trump Gala Over, Top Memecoin Holders Dump Tokens on the Market

The latest market data shows a sharp decline in Official Trump TRUMP $12.85 24h volatility: 0.3% Market cap: $2.57 B Vol. 24h: $951.17 M token prices. This twist comes shortly after the much-hyped crypto dinner that U.S. President Donald Trump hosted. Market observers are now showing concerns about potential market manipulation.

TRUMP Holders Exit Positions Before Gala Begins

According to reports, the highly publicized Trump crypto gala occurred on May 22. Following the dinner announcement, the TRUMP token rose by 30%. The event was attended by the top 220 holders of TRUMP, a meme coin that has attracted global attention in recent months.

It is worth noting that the dinner was planned to bring top token holders together and celebrate the asset’s progress. Reports show that the event had international appeal, with 72% of attendees coming from outside the United States.

According to reports, guests held around $394 million worth of the TRUMP token before the event. The top 25 wallets had VIP access, which included a private session with President Trump before the dinner.

However, things started to go south even before guests arrived. For context, market figures showed signs of a selloff early on. Despite the exclusive invitation, blockchain data shows that 92,220 eligible wallets sold off their entire holdings before the dinner. The sudden move triggered a 14.84% price drop, bringing the token down to $13.36.

Following the event, the number of tokens held by the largest wallets dropped from 11.3 million to just 7 million. Many saw this drop as a strategic sell-off by insiders who exploited the gala’s hype.

It is worth noting that public reaction to the event shows just how unpredictable meme coins can be. It reveals how much they rely on celebrity publicity. For instance, Binance founder Changpeng “CZ” Zhao recently triggered a fresh meme coin hype on X after asking a simple question about dogs.

Interestingly, that one post led to creation of an entirely new meme coin project. This indicates that much of the meme coin space runs on hype rather than solid foundations.

Political Backlash Overshadow the Trump Coin Gala

It is worth mentioning that apart from the financial impact, the TRUMP token dinner drew heavy criticism from lawmakers and protesters. Outside the event, demonstrators accused the president of using digital assets for questionable political dealings with some members of the United States Congress, reiterating their concerns.

Senator Chris Murphy openly criticized the event, calling it a corrupt setup. He pointed out that offering access to the president in exchange for crypto investment created a dangerous link between politics and financial speculation. Murphy demanded that the full guest list be made public if the dinner was legitimate.

Trump's meme coin is designed to facilitate corruption. You can pay Trump secretly, which gets you secret special access to the President. If Trump's dinner with the top coin buyers was legit, he would release the list of attendees. But it's corrupt. So the list stays hidden. pic.twitter.com/i7j4Nqbezu

— Chris Murphy 🟧 (@ChrisMurphyCT) May 22, 2025

Based on market sentiment, the Official Trump coin, like many other meme coins, usually rises and falls based on hype. Many of these coins do not have strong use cases, so their value often changes with public mood or big events. This makes them risky for most investors according to critics.

This reveals the intention behind Democratic lawmaker Sam Liccardo’s introduction of a bill to ban government officials from launching memecoins. This proposal was introduced after President Trump and the First Lady released their memecoins earlier this year.

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Hyperliquid (HYPE) Hits New ATH As Open Interest Climbs to $9BHyperliquid’s native token HYPE $19.97 24h volatility: 5.4% Market cap: $6.67 B Vol. 24h: $206.60 M saw a massive jump in its open interest amid heightened trading activity, and significant regulatory engagement, hitting a new all-time high at $37.44 as its market cap shot past the $12 billion mark. At the time of writing, HYPE trades at $35.96, up 17.20% in the past 24 hours, eyeing the $50 price tag in the near future. Institutional-Scale Activity Drives Record Open Interest Built on its own Layer 1 blockchain, Hyperliquid has rapidly gained traction among traders seeking high-performance, permissionless perpetuals. This week, open interest (OI) on the platform hit an all-time high of $9.2 billion, up from $8 billion just two days prior, as per CoinGlass. This increase closely followed Bitcoin’s BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B new all-time high above $111,800, which pushed the overall crypto market capitalization past $3.6 trillion. The bulk of Hyperliquid’s OI is driven by BTC derivatives, which accounted for $4.2 billion, over 40% of the platform’s total. High-stakes trader “James Wynn,” known as “moonpig” on-chain, captured headlines after assembling a staggering $1 billion BTC long position at 40x leverage during the run-up, though he took partial profits as the market cooled. Legendary! Top trader @JamesWynnReal's 40x leveraged long $BTC position has exceeded 10,000 $BTC, worth $1.1B! Entry price: $108,084.3Liquidation price: $103,640Unrealized profit: $17.5Mhttps://t.co/3YQUwD0T0V pic.twitter.com/dqruCTuxzp — Lookonchain (@lookonchain) May 21, 2025 Ethereum followed as the second-largest contributor with $1.3 billion in OI, while HYPE contracts raked in a substantial $748 million, placing third. Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B , XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B , and even meme coin Fartcoin FARTCOIN $1.20 24h volatility: 1.5% Market cap: $1.20 B Vol. 24h: $236.92 M also saw spikes in trading. Overall, Hyperliquid’s trading volume jumped to $11.5 billion daily, with revenue reaching $3.4 million, according to DeFiLlama. Price Action: HYPE Rockets to New All-Time Highs From its November 2024 lows, HYPE has now exploded over 814%. The daily chart below paints a bullish continuation as the RSI (Relative Strength Index) currently sits at 84.09, firmly in overbought territory, suggesting short-term overheating. However, this has historically accompanied strong breakouts during bullish cycles. A pullback to digest gains could be healthy before further upside. HYPE Daily Chart with Fib Levels | Source: TradingView Key Fibonacci extension levels derived from the $16.901 low to the $26.982 swing high now present major targets: 1.618 Fib level: $33.21 – already broken convincingly. 2.618 level: $43.29 – the next key resistance. 3.618 and 4.236 levels: $53.37 and $59.60 – potential medium-term targets if momentum sustains. If profit-taking sets in, look for support near the 0.786 retracement level at $24.82 and the 0.618 level at $23.31. A dip into this range could be seen as a high-conviction buying opportunity by bulls. Regulatory Engagement Signals Maturity Adding fundamental strength to the rally, Hyperliquid Labs disclosed on Thursday that it had submitted formal comment letters to the US CFTC regarding regulatory proposals for perpetual swaps and 24/7 crypto markets. The following post is from Hyperliquid Labs Hyperliquid Labs is committed to the advancement of defi and its promise in delivering a more open, transparent, and efficient financial system for all. As a contributor to the Hyperliquid blockchain, we believe in defi’s ability not… — Hyperliquid (@HyperliquidX) May 23, 2025 Regulatory outreach is a rarity in the DeFi space. Hyperliquid’s letters championed decentralized finance as a model for safer, more efficient markets and encouraged the CFTC to embrace decentralized infrastructure. The team’s message was clear: DeFi protocols like Hyperliquid can meet, and even exceed, traditional financial standards when it comes to integrity, efficiency, and user protection. Note: this is a sponsored message from our partners HYPE Hits ATH, But All Eyes Are on $SUBBD Now As HYPE hit a new all-time high, SUBBD ($SUBBD) is disrupting the $85 billion subscription-based content industry with an ambitious vision that fuses blockchain, artificial intelligence, and tokenized experiences to bring creators and fans closer than ever before. By offering AI-powered tools and a native Web3 token economy, the platform is eliminating traditional friction points in the digital content world, while redefining fan engagement and creator autonomy. Presale Information: Current Price: $0.055475 Amount Raised: $482,723 Ticker: SUBBD Blockchain: Ethereum About $SUBBD The $SUBBD token is at the heart of the ecosystem, powering seamless payments, unlocking premium content, and granting access to cutting-edge AI tools. So far, the project has already raised over $480K, showing strong early support from the community. As a token holder, you can enjoy discounted subscriptions, 20% APY through staking, and the ability to boost or sponsor creators, helping them gain visibility while earning rewards. Creators can offer perks, leaderboard status, and exclusive access in return. SUBBD’s staking system also allows fans to unlock behind-the-scenes footage, live streams, and unique creator experiences. next The post Hyperliquid (HYPE) Hits New ATH as Open Interest Climbs to $9B appeared first on Coinspeaker.

Hyperliquid (HYPE) Hits New ATH As Open Interest Climbs to $9B

Hyperliquid’s native token HYPE $19.97 24h volatility: 5.4% Market cap: $6.67 B Vol. 24h: $206.60 M saw a massive jump in its open interest amid heightened trading activity, and significant regulatory engagement, hitting a new all-time high at $37.44 as its market cap shot past the $12 billion mark.

At the time of writing, HYPE trades at $35.96, up 17.20% in the past 24 hours, eyeing the $50 price tag in the near future.

Institutional-Scale Activity Drives Record Open Interest

Built on its own Layer 1 blockchain, Hyperliquid has rapidly gained traction among traders seeking high-performance, permissionless perpetuals.

This week, open interest (OI) on the platform hit an all-time high of $9.2 billion, up from $8 billion just two days prior, as per CoinGlass. This increase closely followed Bitcoin’s BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B new all-time high above $111,800, which pushed the overall crypto market capitalization past $3.6 trillion.

The bulk of Hyperliquid’s OI is driven by BTC derivatives, which accounted for $4.2 billion, over 40% of the platform’s total.

High-stakes trader “James Wynn,” known as “moonpig” on-chain, captured headlines after assembling a staggering $1 billion BTC long position at 40x leverage during the run-up, though he took partial profits as the market cooled.

Legendary!

Top trader @JamesWynnReal's 40x leveraged long $BTC position has exceeded 10,000 $BTC, worth $1.1B!

Entry price: $108,084.3Liquidation price: $103,640Unrealized profit: $17.5Mhttps://t.co/3YQUwD0T0V pic.twitter.com/dqruCTuxzp

— Lookonchain (@lookonchain) May 21, 2025

Ethereum followed as the second-largest contributor with $1.3 billion in OI, while HYPE contracts raked in a substantial $748 million, placing third. Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B , XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B , and even meme coin Fartcoin FARTCOIN $1.20 24h volatility: 1.5% Market cap: $1.20 B Vol. 24h: $236.92 M also saw spikes in trading.

Overall, Hyperliquid’s trading volume jumped to $11.5 billion daily, with revenue reaching $3.4 million, according to DeFiLlama.

Price Action: HYPE Rockets to New All-Time Highs

From its November 2024 lows, HYPE has now exploded over 814%. The daily chart below paints a bullish continuation as the RSI (Relative Strength Index) currently sits at 84.09, firmly in overbought territory, suggesting short-term overheating.

However, this has historically accompanied strong breakouts during bullish cycles. A pullback to digest gains could be healthy before further upside.

HYPE Daily Chart with Fib Levels | Source: TradingView

Key Fibonacci extension levels derived from the $16.901 low to the $26.982 swing high now present major targets:

1.618 Fib level: $33.21 – already broken convincingly.

2.618 level: $43.29 – the next key resistance.

3.618 and 4.236 levels: $53.37 and $59.60 – potential medium-term targets if momentum sustains.

If profit-taking sets in, look for support near the 0.786 retracement level at $24.82 and the 0.618 level at $23.31. A dip into this range could be seen as a high-conviction buying opportunity by bulls.

Regulatory Engagement Signals Maturity

Adding fundamental strength to the rally, Hyperliquid Labs disclosed on Thursday that it had submitted formal comment letters to the US CFTC regarding regulatory proposals for perpetual swaps and 24/7 crypto markets.

The following post is from Hyperliquid Labs

Hyperliquid Labs is committed to the advancement of defi and its promise in delivering a more open, transparent, and efficient financial system for all. As a contributor to the Hyperliquid blockchain, we believe in defi’s ability not…

— Hyperliquid (@HyperliquidX) May 23, 2025

Regulatory outreach is a rarity in the DeFi space. Hyperliquid’s letters championed decentralized finance as a model for safer, more efficient markets and encouraged the CFTC to embrace decentralized infrastructure.

The team’s message was clear: DeFi protocols like Hyperliquid can meet, and even exceed, traditional financial standards when it comes to integrity, efficiency, and user protection.

Note: this is a sponsored message from our partners

HYPE Hits ATH, But All Eyes Are on $SUBBD Now

As HYPE hit a new all-time high, SUBBD ($SUBBD) is disrupting the $85 billion subscription-based content industry with an ambitious vision that fuses blockchain, artificial intelligence, and tokenized experiences to bring creators and fans closer than ever before.

By offering AI-powered tools and a native Web3 token economy, the platform is eliminating traditional friction points in the digital content world, while redefining fan engagement and creator autonomy.

Presale Information:

Current Price: $0.055475

Amount Raised: $482,723

Ticker: SUBBD

Blockchain: Ethereum

About $SUBBD

The $SUBBD token is at the heart of the ecosystem, powering seamless payments, unlocking premium content, and granting access to cutting-edge AI tools. So far, the project has already raised over $480K, showing strong early support from the community.

As a token holder, you can enjoy discounted subscriptions, 20% APY through staking, and the ability to boost or sponsor creators, helping them gain visibility while earning rewards. Creators can offer perks, leaderboard status, and exclusive access in return.

SUBBD’s staking system also allows fans to unlock behind-the-scenes footage, live streams, and unique creator experiences.

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TRX Shifts to Buying Zone As SEC Acknowledges Staked Tron ETF FilingThe US Securities and Exchange Commission (SEC) has recently acknowledged the 19b-4 filing by Cboe BZX Exchange for a staked Tron (TRX) ETF, proposed by Canary Capital. This marks another step in bringing altcoin-based ETFs to the US, as the SEC continues to evaluate several crypto-related products. Canary Capital submitted its registration in April with Bitgo as the custodian, adding to its existing ETF proposals for altcoins like Hedera, Sui, and Litecoin. TRX is currently trading at $0.274 with no loss or gains in the past 24 hours. The tenth-largest cryptocurrency is trying to break out of the horizontal channel $0.20-$0.25. It has been consolidating within this range since late-2024, relatively underperforming in comparison to the broader crypto market. However, the Buy/Sell Pressure Delta, a momentum indicator based on 90-day volume, recently signaled that TRX TRX $0.25 24h volatility: 0.6% Market cap: $23.27 B Vol. 24h: $464.89 M has shifted back into a buying zone. This indicates renewed investor interest and growing bullish sentiment. Popular trader Crypto NL predicted on X that if TRX continues the anticipated bullish setup, it could reach $0.60 in the upcoming bull run. $TRX Prediction.TRX has one of the best-performing charts in the crypto space. The chart looks incredibly strong, the upside isn’t always explosive, but the downside is also limited. In the 2021 bull run, TRX gained over 300% when it broke his previous ATH. During the November… pic.twitter.com/JCLvceAjkY — Crypto NL (@cryptoking_nl) May 20, 2025 Another analyst Javon Marks echoed similar bullish sentiment, stating that the cryptocurrency could cross the $1.11 price target soon. If this happens, traders could see a +400% rally from the current price levels. $TRX (TRON) could still be on track to pushing and reaching the $1.11+ target level in another +400% run! https://t.co/btOKiDYJV2 pic.twitter.com/Bvvw1IzZYN — JAVON⚡️MARKS (@JavonTM1) May 20, 2025 TRX Price Outlook On the daily TRX price chart, the RSI is currently sitting around 66, indicating moderate bullish momentum. This suggests room for further upside before a potential reversal. TRX price chart with MACD | Source: TradingView Bollinger Bands are beginning to widen, potentially signaling the early stages of a breakout. Price is currently approaching the upper band, which generally indicates strong upward momentum. Support can be found at mid band (20-day SMA) around $0.26. Meanwhile, the MACD has crossed above the signal line with a rising histogram, another bullish sign pointing to building momentum. The nearest resistance lies at $0.30, and a breakout above that could lead to a sharp move upward. TRX price chart with MACD | Source: TradingView Note: this is a sponsored message from our partners 🔥 Mind of Pepe (MIND) Presale Buzz While NXPC garners attention on Binance, Mind of Pepe (MIND), an emerging project, is quickly making a name for itself in the presale market. This project aims to provide genuine utility within the meme coin space. Unlike typical meme-focused cryptocurrencies, Mind of Pepe is an AI Agent designed to evolve and offer holders exclusive access to reliable market insights and analysis. MIND Token and Presale The project’s foundation is its native ERC-20 token, MIND. Owning MIND tokens grants access to the project’s dashboard, which delivers real-time insights and allows for interactive engagement with the AI agent. Token holders will also receive early access to AI-driven token launches and, eventually, participate in governance to shape the project’s future. MIND staking is currently active for long-term investors, offering an impressive 256% APY. The community has already committed billions of MIND tokens, with over $10 million already raised so far. Presale Snapshot Token price: $0.0037515 Funds raised: $10 million Payment options: ETH, BNB, USDT Ticker: MIND Built on: Ethereum The presale is set to conclude in 8 days, after which the token price will increase. Given the growing demand for AI agents in the crypto industry, Mind of Pepe could be an attractive opportunity for early investors. next The post TRX Shifts to Buying Zone as SEC Acknowledges Staked Tron ETF Filing appeared first on Coinspeaker.

TRX Shifts to Buying Zone As SEC Acknowledges Staked Tron ETF Filing

The US Securities and Exchange Commission (SEC) has recently acknowledged the 19b-4 filing by Cboe BZX Exchange for a staked Tron (TRX) ETF, proposed by Canary Capital.

This marks another step in bringing altcoin-based ETFs to the US, as the SEC continues to evaluate several crypto-related products.

Canary Capital submitted its registration in April with Bitgo as the custodian, adding to its existing ETF proposals for altcoins like Hedera, Sui, and Litecoin.

TRX is currently trading at $0.274 with no loss or gains in the past 24 hours. The tenth-largest cryptocurrency is trying to break out of the horizontal channel $0.20-$0.25. It has been consolidating within this range since late-2024, relatively underperforming in comparison to the broader crypto market.

However, the Buy/Sell Pressure Delta, a momentum indicator based on 90-day volume, recently signaled that TRX TRX $0.25 24h volatility: 0.6% Market cap: $23.27 B Vol. 24h: $464.89 M has shifted back into a buying zone. This indicates renewed investor interest and growing bullish sentiment.

Popular trader Crypto NL predicted on X that if TRX continues the anticipated bullish setup, it could reach $0.60 in the upcoming bull run.

$TRX Prediction.TRX has one of the best-performing charts in the crypto space. The chart looks incredibly strong, the upside isn’t always explosive, but the downside is also limited.

In the 2021 bull run, TRX gained over 300% when it broke his previous ATH. During the November… pic.twitter.com/JCLvceAjkY

— Crypto NL (@cryptoking_nl) May 20, 2025

Another analyst Javon Marks echoed similar bullish sentiment, stating that the cryptocurrency could cross the $1.11 price target soon. If this happens, traders could see a +400% rally from the current price levels.

$TRX (TRON) could still be on track to pushing and reaching the $1.11+ target level in another +400% run! https://t.co/btOKiDYJV2 pic.twitter.com/Bvvw1IzZYN

— JAVON⚡️MARKS (@JavonTM1) May 20, 2025

TRX Price Outlook

On the daily TRX price chart, the RSI is currently sitting around 66, indicating moderate bullish momentum. This suggests room for further upside before a potential reversal.

TRX price chart with MACD | Source: TradingView

Bollinger Bands are beginning to widen, potentially signaling the early stages of a breakout. Price is currently approaching the upper band, which generally indicates strong upward momentum. Support can be found at mid band (20-day SMA) around $0.26.

Meanwhile, the MACD has crossed above the signal line with a rising histogram, another bullish sign pointing to building momentum. The nearest resistance lies at $0.30, and a breakout above that could lead to a sharp move upward.

TRX price chart with MACD | Source: TradingView

Note: this is a sponsored message from our partners

🔥 Mind of Pepe (MIND) Presale Buzz

While NXPC garners attention on Binance, Mind of Pepe (MIND), an emerging project, is quickly making a name for itself in the presale market.

This project aims to provide genuine utility within the meme coin space. Unlike typical meme-focused cryptocurrencies, Mind of Pepe is an AI Agent designed to evolve and offer holders exclusive access to reliable market insights and analysis.

MIND Token and Presale

The project’s foundation is its native ERC-20 token, MIND. Owning MIND tokens grants access to the project’s dashboard, which delivers real-time insights and allows for interactive engagement with the AI agent.

Token holders will also receive early access to AI-driven token launches and, eventually, participate in governance to shape the project’s future.

MIND staking is currently active for long-term investors, offering an impressive 256% APY. The community has already committed billions of MIND tokens, with over $10 million already raised so far.

Presale Snapshot

Token price: $0.0037515

Funds raised: $10 million

Payment options: ETH, BNB, USDT

Ticker: MIND

Built on: Ethereum

The presale is set to conclude in 8 days, after which the token price will increase. Given the growing demand for AI agents in the crypto industry, Mind of Pepe could be an attractive opportunity for early investors.

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SOON Price Gains 15% As Binance and Upbit Announce ListingWhile the broader cryptocurrency market remained relatively quiet on May 23, a newly-launched cryptocurrency, SOON, defied the trend with a major rally. The token climbed roughly 15% over the past 24 hours, reaching a trading price of $0.5366. The surge follows a wave of high-profile exchange listings and increasing investor interest. Binance listed SOON USDT perpetual contracts with up to 50x leverage. The exchange also featured the token on its Binance Alpha program, offering eligible users an airdrop of 180 SOON tokens starting today at 8:00 UTC. We’re pleased to announce SOON (SOON) has been featured on Binance Alpha. Eligible Binance users with at least 190 Binance Alpha points can claim an airdrop of 180 SOON tokens on the Alpha Event page starting at 8:00 UTC on May 23, 2025. Please note claiming the airdrop will… https://t.co/WtsOUZCGFu — Binance (@binance) May 23, 2025 Additionally, South Korea’s largest exchange, Upbit, announced the listing of SOON trading pairs with BTC BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and USDT. The exchange explained that deposits would only be accepted through the SOON-Solana network. Upbit has also implemented specific transaction and deposit restrictions to prevent potential manipulation and ensure market stability. Other major exchanges, including BitGet, have also added the token to their platforms earlier this week. About SOON SOON is a blockchain project focused on addressing persistent challenges like liquidity fragmentation and interoperability across decentralized ecosystems. Its core innovation lies in the Super Adoption Stack (SAS). The SAS offers seamless interaction among various blockchain networks, including Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B and The Open Network (TON). The platform has launched the first SOL x TON bridge, along with a native Telegram Mini App, enhancing user access. SOON is built on a high-performance rollup stack and powered by the Solana Virtual Machine. Its infrastructure is designed for scalability and efficient cross-chain communication. Developers can use SOON to reach users at a lower cost compared to traditional TVL-based approaches. At the time of writing, SOON’s market capitalization remains undisclosed, though the token has already recorded a trading volume of $7.23 million, according to CoinMarketCap. Analysts on X anticipate strong capital inflows from investors following the listings. Note: this is a sponsored message from our partners Subbd: Revolutionizing Content Subscriptions with AI While SOON’s airdrop and token launch build anticipation amid potential altcoin rally, investors are also looking at Subbd. Subbd aims to transform the $85 billion content economy by offering an AI-powered, tokenized platform for creators and their fans. With its Web3 integration, Subbd offers creators automation tools to simplify content delivery, while fans gain exclusive, interactive access. $SUBBD Tokenomics and Presale Subbd’s native token SUBBD is based on Ethereum and powers 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, and there are only 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 just one day left vefire the next price increase, Subbd is a project worth watching, especially for those interested in AI-led innovation within digital subscriptions. next The post SOON Price Gains 15% as Binance and Upbit Announce Listing appeared first on Coinspeaker.

SOON Price Gains 15% As Binance and Upbit Announce Listing

While the broader cryptocurrency market remained relatively quiet on May 23, a newly-launched cryptocurrency, SOON, defied the trend with a major rally. The token climbed roughly 15% over the past 24 hours, reaching a trading price of $0.5366.

The surge follows a wave of high-profile exchange listings and increasing investor interest. Binance listed SOON USDT perpetual contracts with up to 50x leverage.

The exchange also featured the token on its Binance Alpha program, offering eligible users an airdrop of 180 SOON tokens starting today at 8:00 UTC.

We’re pleased to announce SOON (SOON) has been featured on Binance Alpha.

Eligible Binance users with at least 190 Binance Alpha points can claim an airdrop of 180 SOON tokens on the Alpha Event page starting at 8:00 UTC on May 23, 2025.

Please note claiming the airdrop will… https://t.co/WtsOUZCGFu

— Binance (@binance) May 23, 2025

Additionally, South Korea’s largest exchange, Upbit, announced the listing of SOON trading pairs with BTC BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and USDT. The exchange explained that deposits would only be accepted through the SOON-Solana network.

Upbit has also implemented specific transaction and deposit restrictions to prevent potential manipulation and ensure market stability.

Other major exchanges, including BitGet, have also added the token to their platforms earlier this week.

About SOON

SOON is a blockchain project focused on addressing persistent challenges like liquidity fragmentation and interoperability across decentralized ecosystems. Its core innovation lies in the Super Adoption Stack (SAS).

The SAS offers seamless interaction among various blockchain networks, including Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B and The Open Network (TON). The platform has launched the first SOL x TON bridge, along with a native Telegram Mini App, enhancing user access.

SOON is built on a high-performance rollup stack and powered by the Solana Virtual Machine. Its infrastructure is designed for scalability and efficient cross-chain communication. Developers can use SOON to reach users at a lower cost compared to traditional TVL-based approaches.

At the time of writing, SOON’s market capitalization remains undisclosed, though the token has already recorded a trading volume of $7.23 million, according to CoinMarketCap. Analysts on X anticipate strong capital inflows from investors following the listings.

Note: this is a sponsored message from our partners

Subbd: Revolutionizing Content Subscriptions with AI

While SOON’s airdrop and token launch build anticipation amid potential altcoin rally, investors are also looking at Subbd. Subbd aims to transform the $85 billion content economy by offering an AI-powered, tokenized platform for creators and their fans.

With its Web3 integration, Subbd offers creators automation tools to simplify content delivery, while fans gain exclusive, interactive access.

$SUBBD Tokenomics and Presale

Subbd’s native token SUBBD is based on Ethereum and powers 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, and there are only 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 just one day left vefire the next price increase, Subbd is a project worth watching, especially for those interested in AI-led innovation within digital subscriptions.

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Bitcoin Bull Market Is Fueled By US Investors: CryptoQuantA new report from CryptoQuant shows that investors in the United States primarily drive the recent surge in Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B price. The detailed analysis tracks how US buying behavior has influenced the market. Notably, this highlights key moments when price jumps followed increased holdings by American entities. US Buying Activity Pushes Bitcoin Prices Higher Data from CryptoQuant, a blockchain analytics platform, shows that the price of Bitcoin surged as more United States-based entities increased their holdings. The chart by CryptoQuant, known as the US to the Rest Reserve Ratio, compares the amount of Bitcoin held by US investors relative to those in other parts of the world. According to the data, the chart points to key moments when American buying triggered significant upward movements in price. Bitcoin Bull Market Led by U.S. Entities “Last year, when U.S. entities began increasing their Bitcoin holdings, the price of Bitcoin surged significantly.” – By @t0_god Read more ⤵️https://t.co/POsuj0Mz5D pic.twitter.com/hn4H2Us1h0 — CryptoQuant.com (@cryptoquant_com) May 22, 2025 One of the most notable events came in early 2024, when the US Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs. This landmark decision allowed US institutions to hold Bitcoin directly through regulated investment vehicles. Following that, the price of Bitcoin broke past $73,000. By January 2025, Bitcoin had climbed to $94,566.59, up from $42,258 at the end of 2023. According to CryptoQuant, these price increases lined up with periods when US entities added large amounts of Bitcoin to their reserves. It is important to add that the report noted that during these times, fewer Bitcoin units were available for trading on public exchanges. This may have contributed to the bullish momentum. Meanwhile, CoinMarketCap data shows that the largest digital asset, Bitcoin, is trading at $110,854.26 as of writing. It is essential to note that Strategy is one of the notable firms driving Bitcoin adoption in the US. Coinspeaker noted recently that Michael Saylor’s Strategy has acquired 7,390 Bitcoin for $764 million. This brings its total holdings to 576,230 BTC amid growing Bitcoin yield. Regulation and Policy Shift the Landscape Beyond individual and institutional buyers, recent policy actions in the US have also fueled the current Bitcoin bull market. In an earlier update, Coinspeaker noted that Michigan lawmakers were pushing for a state-backed crypto reserve by introducing House Bill 4087. The bill proposes allowing the state to invest up to 10% of its general and economic stabilization funds in cryptocurrencies like Bitcoin. In addition, as of May 23, four new bills, House Bills 4510, 4511, 4512, and 4513, were introduced in the Michigan legislature. They represent a clear effort to shape the state’s approach to cryptocurrency. Still, in March 2025, President Trump signed an executive order to establish a strategic Bitcoin reserve. According to the update, the reserve will be formed using Bitcoin, which law enforcement had previously seized in earlier investigations. This move reiterates President Donald Trump’s administration’s increasing interest in digital assets. In contrast, the United Kingdom has taken a different path. At a financial event in London, the UK Treasury Secretary stated that there are no plans to establish a national crypto reserve. This difference in strategy highlights how the US is currently taking a more active role in shaping the future of cryptocurrency investment. next The post Bitcoin Bull Market Is Fueled by US Investors: CryptoQuant appeared first on Coinspeaker.

Bitcoin Bull Market Is Fueled By US Investors: CryptoQuant

A new report from CryptoQuant shows that investors in the United States primarily drive the recent surge in Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B price. The detailed analysis tracks how US buying behavior has influenced the market. Notably, this highlights key moments when price jumps followed increased holdings by American entities.

US Buying Activity Pushes Bitcoin Prices Higher

Data from CryptoQuant, a blockchain analytics platform, shows that the price of Bitcoin surged as more United States-based entities increased their holdings.

The chart by CryptoQuant, known as the US to the Rest Reserve Ratio, compares the amount of Bitcoin held by US investors relative to those in other parts of the world. According to the data, the chart points to key moments when American buying triggered significant upward movements in price.

Bitcoin Bull Market Led by U.S. Entities

“Last year, when U.S. entities began increasing their Bitcoin holdings, the price of Bitcoin surged significantly.” – By @t0_god

Read more ⤵️https://t.co/POsuj0Mz5D pic.twitter.com/hn4H2Us1h0

— CryptoQuant.com (@cryptoquant_com) May 22, 2025

One of the most notable events came in early 2024, when the US Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs. This landmark decision allowed US institutions to hold Bitcoin directly through regulated investment vehicles. Following that, the price of Bitcoin broke past $73,000.

By January 2025, Bitcoin had climbed to $94,566.59, up from $42,258 at the end of 2023. According to CryptoQuant, these price increases lined up with periods when US entities added large amounts of Bitcoin to their reserves.

It is important to add that the report noted that during these times, fewer Bitcoin units were available for trading on public exchanges. This may have contributed to the bullish momentum. Meanwhile, CoinMarketCap data shows that the largest digital asset, Bitcoin, is trading at $110,854.26 as of writing.

It is essential to note that Strategy is one of the notable firms driving Bitcoin adoption in the US. Coinspeaker noted recently that Michael Saylor’s Strategy has acquired 7,390 Bitcoin for $764 million. This brings its total holdings to 576,230 BTC amid growing Bitcoin yield.

Regulation and Policy Shift the Landscape

Beyond individual and institutional buyers, recent policy actions in the US have also fueled the current Bitcoin bull market.

In an earlier update, Coinspeaker noted that Michigan lawmakers were pushing for a state-backed crypto reserve by introducing House Bill 4087. The bill proposes allowing the state to invest up to 10% of its general and economic stabilization funds in cryptocurrencies like Bitcoin.

In addition, as of May 23, four new bills, House Bills 4510, 4511, 4512, and 4513, were introduced in the Michigan legislature. They represent a clear effort to shape the state’s approach to cryptocurrency.

Still, in March 2025, President Trump signed an executive order to establish a strategic Bitcoin reserve. According to the update, the reserve will be formed using Bitcoin, which law enforcement had previously seized in earlier investigations.

This move reiterates President Donald Trump’s administration’s increasing interest in digital assets. In contrast, the United Kingdom has taken a different path. At a financial event in London, the UK Treasury Secretary stated that there are no plans to establish a national crypto reserve.

This difference in strategy highlights how the US is currently taking a more active role in shaping the future of cryptocurrency investment.

next

The post Bitcoin Bull Market Is Fueled by US Investors: CryptoQuant appeared first on Coinspeaker.
Bitcoin Pizza Day: 15 Years Since Historic $1.1 Billion MistakeThe 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. next The post Bitcoin Pizza Day: 15 Years Since Historic $1.1 Billion Mistake appeared first on Coinspeaker.

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.

next

The post Bitcoin Pizza Day: 15 Years Since Historic $1.1 Billion Mistake appeared first on Coinspeaker.
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 $XRPI, the ETF will dedicate at least 80% of its net asset value to XRP-linked instruments, according to the company. Volatility Shares has also announced plans to introduce a 2x XRP Futures ETF, offering twice the daily price gains of XRP through leveraged exposure to XRP futures contracts. Similar to Bitcoin and Ethereum, the launch of XRP futures ETF will pave the way for the approval of a spot XRP ETF. Franklin Templeton, 21Shares, and Bitwise are among the prominent asset managers competing to launch spot XRP exchange-traded funds (ETFs). According to predictions on Polymarket, there is an 83% probability that a spot XRP ETF will secure regulatory approval this year. Note: this is a sponsored message from our partners 🔥 Solaxy ($SOLX) Gains Momentum Amid XRP Dominance 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. next The post Will XRP Price Rally $3 After New Futures ETF Launch? appeared first on Coinspeaker.

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.

Note: this is a sponsored message from our partners

🔥 Solaxy ($SOLX) Gains Momentum Amid XRP Dominance

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.

next

The post Will XRP Price Rally $3 After New Futures ETF Launch? appeared first on Coinspeaker.
FIFA to Build EVM Blockchain in Partnership With AvalancheThe 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. next The post FIFA To Build EVM Blockchain In Partnership With Avalanche appeared first on Coinspeaker.

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 $210 as noted by an ascending channel pattern on the four‑hour chart. SOL price chart with RSI and Bollinger Bands | Source: Trading view The RSI has climbed to the mid‑60s, reflecting bullish sentiment. There remains plenty of room for upward movement before a corrective pullback. Meanwhile, the MACD is due for a bullish crossover, while the histogram bars are currently in red. However, the weakening bars confirm growing bullish momentum for SOL. SOL price chart with MACD | Source: Trading view Note: this is a sponsored message from our partners Solaxy ($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. next The post Analyst Predicts Solana (SOL) to Reach $210 as Price Climbs 7% appeared first on Coinspeaker.

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

Note: this is a sponsored message from our partners

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. next The post $120,381 in Fees for Single Bitcoin Transaction, What Went Wrong? appeared first on Coinspeaker.

$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.

next

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Bitcoin New ATH of Over $111K: Analyst Highlights Key Levels to WatchBitcoin 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 $102,702.17, providing a key support level in case of retracements. Note: this is a sponsored message from our partners 🔥 Don’t Miss Out on Massive Rewards As Bitcoin achieves a new ATH, BTC Bull ($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 next The post Bitcoin New ATH of Over $111K: Analyst Highlights Key Levels to Watch appeared first on Coinspeaker.

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.

Note: this is a sponsored message from our partners 🔥 Don’t Miss Out on Massive Rewards

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 RegulationThe 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. next The post Stablecoin Market Cap at ATH, David Sacks Hints at Clear Regulation appeared first on Coinspeaker.

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 BitcoinCoinbase 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. next The post Coinbase Hacker Mocks Blockchain Investigator ZachXBT After Transferring $42M in Bitcoin appeared first on Coinspeaker.

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. next The post Trump’s World Liberty Financial Buys BUILDon (B) Token, Price Soars 500% appeared first on Coinspeaker.

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.

next

The post Trump’s World Liberty Financial Buys BUILDon (B) Token, Price Soars 500% appeared first on Coinspeaker.
Why Is Hyperliquid (HYPE) Price Up 18% Today?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. Note: this is a sponsored message from our partners 🐄 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. next The post Why Is Hyperliquid (HYPE) Price Up 18% Today? appeared first on Coinspeaker.

Why Is Hyperliquid (HYPE) Price Up 18% Today?

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.

Note: this is a sponsored message from our partners

🐄 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.

next

The post Why Is Hyperliquid (HYPE) Price Up 18% Today? appeared first on Coinspeaker.
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