Stablecoin Market Nears All-Time High!!
The total market cap of stablecoins is now close to $240 billion, which is near its all-time high.
What happened?
In just the past week, around $5 billion worth of stablecoins (like USDT, USDC, and others) were newly issued. That’s a massive increase in a short time.
Why it matters:
. A growing stablecoin market often signals more money flowing into crypto.
. Traders and investors use stablecoins to quickly buy other cryptocurrencies, which could mean more market activity or upcoming price moves.
. It also shows increased trust and usage of stablecoins in the crypto ecosystem.
In short: More stablecoins = more liquidity = more potential market action.
Binance US's Endorsement Boosts Altcoin Virtuals Protocol by 30%: A Detailed Analysis
Virtuals Protocol (VIRTUAL) witnessed a significant surge after being endorsed by Binance US, even as other major cryptocurrencies saw minor losses or stagnated around their April 28 price levels.
This led to VIRTUAL’s market capitalization nearing the $1 billion mark, ranking it the 94th-largest cryptocurrency. The most notable factor behind this rally is the support from Binance.US, which introduced deposits for VIRTUAL and launched the VIRTUAL/USDT trading pair. Analysts predict potential for further growth, with price targets ranging from $2 to $5.
Earlier this month, after a system exploit by a project called PlayGameAI, Virtuals Protocol fully refunded affected users and promised a compensation plan.
Whale Closes Massive $ETH Long with $301K Profit – Barely Escaped a Counter-Trend!
The whale who borrowed 15,000 $ETH on April 28 has officially closed out his position, exiting the market in the past hour with a final profit of $301,000.
After selling the remaining 10,510 #ETH for $19.25M at an average of $1,832, and factoring in last night’s $21,700 loss, the whale narrowly avoided a trend reversal. Cost basis? $1,801.24. It was close — but a win is a win.
Wallet Address: 0x8ac900372e5570902cadbe103b97b971615b55cd
If you look at the higher timeframes for Bitcoin, there’s no sign of a correction yet. Before the end of the week, I’d like to see a move toward the $98,000–$100,000 area, and only after that a potential decline.
The nearest zone likely to halt the price is $89,000 — from there, we can start looking at swing trades on Bitcoin and altcoins.
Last time, $ETH reached its all-time high on November 10, 2021 (over 3 years ago), and many people are not happy about this, people are even starting to call $ETH a stablecoin 🌚
Latest Update
The Ethereum Fusaka hard fork is planned for later in 2025, likely in the third or fourth quarter.
Initially, it was set to include a new feature called the EVM Object Format (EOF). EOF was designed to make smart contracts run more efficiently by standardizing their bytecode.
However, due to technical challenges and risks of delay, EOF was scrapped. Many users, especially those with large amounts of ETH, opposed the change because they felt it was too complex and could introduce new security vulnerabilities.
#AbuDhabiStablecoin Abu Dhabi's introduction of a dirham-backed stablecoin marks a significant advancement in the UAE's digital finance sector. AE Coin, developed by AED Stablecoin LLC, has received full regulatory approval from the Central Bank of the UAE, making it the nation's first fully licensed stablecoin pegged 1:1 to the UAE dirham. This initiative aligns with the UAE's Digital Government Strategy 2025, aiming to modernize financial services and promote a digital economy.
The stablecoin is designed to offer stability and security, backed by reserves held within the UAE. It facilitates seamless, transparent, and cost-effective payment solutions, benefiting both individuals and businesses. By integrating with decentralized finance platforms, AE Coin enables users to engage in lending, borrowing, and other financial activities without intermediaries.
This development not only enhances the utility of the UAE dirham in the digital realm but also positions the UAE as a forward-thinking leader in the adoption of blockchain technology. As the global financial landscape evolves, such initiatives underscore the importance of regulatory clarity and innovation in fostering trust and efficiency in digital transactions.
$ETH just rebounded from a sharp dip to $1,744.71 and surged to a fresh high of $1,842.99 before cooling slightly to $1,824.39 locking in a solid +5.6% move. Volume remains heavy at over 548K ETH, with 68.18% buyer dominance signaling bullish momentum still in play.
The 1H chart shows a clear V-shaped recovery, breaking through prior resistance around $1,804. As long as $ETH holds above $1,800, bulls could easily retest the $1,843 high and aim higher.
Quick Market Snapshot:
Current Price: $1,824.39
24H Range: $1,744.71 – $1,842.99
24H Volume: 548,850.12 ETH
Order Book: Buyers 68.18% vs Sellers 31.82%
#ETH Key Support Levels:
• $1,804 — breakout retest zone
• $1,783 — short-term base
• $1,744 — daily low
Bullish Targets Ahead:
• TP1: $1,843 — 24H high retest
• TP2: $1,865 — next fib extension
• TP3: $1,900 — psychological round level
If $ETH continues to hold above $1,800 with buyer strength above 65%, another wave toward $1,865+ could trigger quickly. Watch for volume confirmation on any breakout!
{spot}(ETHUSDT)
#AITokensBounce
#ArizonaBTCReserve
#AirdropStepByStep
$BTC Arizona's move to authorize public investment in Bitcoin through the Strategic Bitcoin Reserve Act is a bold and historic step. If signed into law, it could set a powerful precedent for other U.S. states. By allocating up to 10% of treasury and pension funds into Bitcoin and digital assets, Arizona is signaling a shift toward recognizing crypto as a legitimate, long-term store of value and hedge against inflation. However, the volatility of Bitcoin makes this a high-risk strategy, especially when dealing with taxpayer money and retirement funds. The decision could inspire innovation and diversification, but it also raises concerns about regulatory oversight and fiduciary responsibility. If successful, Arizona may pave the way for broader institutional crypto adoption, encouraging other states to explore similar policies. But if it backfires, it could delay wider acceptance and invite stricter regulation. It’s a pivotal moment worth watching closely.
#ArizonaBTCReserve Arizona's move to authorize public investment in Bitcoin through the Strategic Bitcoin Reserve Act is a bold and historic step. If signed into law, it could set a powerful precedent for other U.S. states. By allocating up to 10% of treasury and pension funds into Bitcoin and digital assets, Arizona is signaling a shift toward recognizing crypto as a legitimate, long-term store of value and hedge against inflation. However, the volatility of Bitcoin makes this a high-risk strategy, especially when dealing with taxpayer money and retirement funds. The decision could inspire innovation and diversification, but it also raises concerns about regulatory oversight and fiduciary responsibility. If successful, Arizona may pave the way for broader institutional crypto adoption, encouraging other states to explore similar policies. But if it backfires, it could delay wider acceptance and invite stricter regulation. It’s a pivotal moment worth watching closely.
#ArizonaBTCReserve Arizona's move to authorize public investment in Bitcoin through the Strategic Bitcoin Reserve Act is a bold and historic step. If signed into law, it could set a powerful precedent for other U.S. states. By allocating up to 10% of treasury and pension funds into Bitcoin and digital assets, Arizona is signaling a shift toward recognizing crypto as a legitimate, long-term store of value and hedge against inflation. However, the volatility of Bitcoin makes this a high-risk strategy, especially when dealing with taxpayer money and retirement funds. The decision could inspire innovation and diversification, but it also raises concerns about regulatory oversight and fiduciary responsibility. If successful, Arizona may pave the way for broader institutional crypto adoption, encouraging other states to explore similar policies. But if it backfires, it could delay wider acceptance and invite stricter regulation. It’s a pivotal moment worth watching closely.