NewsUpdate

#Facebook #NEWSUPDATE
Zuckerberg’s crypto plans have just been revealed, showing that the tech giant intends to add cryptocurrency support for its three billion users. According to some industry leaks that were recently reported by Forbes on Sunday, May 11, 2025, Meta’s CEO Mark Zuckerberg is allegedly planning a major crypto integration that could shake up the digital currency market in the coming months.
Zuckerberg’s Meta Crypto Support to Transform Facebook’s Future
According to recent leaks, it looks as though Facebook’s parent company is preparing for a significant shift in strategy. Facebook and its parent Meta have been allegedly preparing to introduce crypto functions, which would equip its giant audience with the ability to deal with digital currencies easily through a number of Meta applications. Nowadays, Bitcoin exceeds $100,000 and still trades at an eye-watering $105,218, which will also change the market dynamics.
Market Impact of Meta’s Plans
News concerning Zuckerberg’s crypto strategy’s impact on the attitudes of investors has been a positive one in the recent past. Since bottoming out at April lows, Bitcoin has rallied approximately 30% and is currently trading at its market cap of over $2 trillion. Based on the latest CoinMarketCap statistics, daily trading volumes have risen by 23.91% to deliver $48.42 billion.
David Sacks, whom President Trump appointed to lead AI and cryptocurrency strategy, said:
“Trump boom in the crypto market is coming as US dollar warnings are preparing Bitcoin for a market shock.”
This Zuckerberg crypto news comes amid what Sacks described as a “geopolitical fragmentation megaforce” shock that could further impact markets.
Meta’s Position
Meta Platforms shares closed at $591.50 after Friday’s session, and have provided about 180% returns over five years. The stock has also gained around 9% in the last month alone. This cryptocurrency support represents another expansion of Meta’s business model, following their recent efforts to sell AI to the US government.
User Implications
Meta’s crypto integration would introduce digital currencies to billions of users who may have previously had limited exposure to such assets. Several questions still remain about how Zuckerberg’s crypto plan would address regulatory hurdles, security risks, and other concerns in the near future.
Facebook’s cryptocurrency future looks increasingly digital as more details emerge. With three billion users potentially gaining access to crypto through this initiative, Zuckerberg’s crypto initiative could be one of the most significant developments in mainstream adoption to date.

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#CryptoRoundTableRemarks #NEWSUPDATE
Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.
What to know:
Senators Elizabeth Warren and Richard Blumenthal want Meta to explain what work it's done around possibly integrating stablecoins to its systems.
Among their list of questions are several on whether Meta's lobbied for the Senate's GENIUS Act and whether it would move to block a prohibition on Big Tech firms owning stablecoin issuers.
The letter came as the Senate geared up for a set of votes on the GENIUS Act.
Senate Democrats Elizabeth Warren and Richard Blumenthal want Meta to explain what its stablecoin plans are.
In a letter sent to the social media giant on Wednesday, the lawmakers asked the company formerly known as Facebook to detail its stablecoin ambitions and pointed to previous reports about issues Meta has had with scams, "alleged anticompetitive conduct," and privacy issues.
Meta is considering using stablecoins for payments, Fortune reported last month.
"If Meta controlled its own stablecoin, the company could further pry into consumers’ transactions and commercial activity," the letter said. "The massive amounts of consumer data it would ingest could help Meta fuel surveillance pricing schemes on its platform, more intrusive targeted advertising, or otherwise help the company monetize sensitive private information through sales to third party data brokers."
The letter included a list of questions, including whether Meta is thinking about launching its own stablecoin, whether it or any entity it's affiliated with has lobbied for the Senate or House's stablecoin bill or otherwise provided feedback on the bill. It also asked whether Meta would push back against an amendment that would block big tech firms from affiliating with or owning a stablecoin issuer.
It also asked the company to explain how its new stablecoin plan might differ from the now-defunct Libra (later Diem) project Meta spearheaded in 2019.
"The company tried to issue its own private currency in 2019 — as part of the so-called Libra stablecoin project — and was met with overwhelming bipartisan and international opposition," the letter noted.
A spokesperson for Meta did not immediately return a request for comment.
The letter comes the same day the Senate is set to vote on the GENIUS Act, its stablecoin bill. Though Senate Majority Leader John Thune said weeks ago that the body might consider amendments to the bill, he told Politico earlier this week that the path for amendments was less clear.
The bill is likely to pass without any amendments. Senator Ruben Gallego, an Arizona Democrat, told CoinDesk last week he expected 16 Democrats to support the bill alongside a majority of Republicans, easily clearing the 60-vote procedural threshold for cloture.

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#NEWSUPDATE
Ethereum price hit 15-week highs of $2,835 backed by a strong institutional appetite. The crypto coin had subsided to trade at $2,793 at the time of writing, supporting a cost basis analysis pointing to a potential weakening of momentum near the $2,800 level. The coin’s 24-hour trading volume was up by 28%, signaling rising investor interest. In addition, ETH weekly active addresses hit new all-time highs of 17.4 million, adding credence to the upbeat view.
Meanwhile, ETH price upside is also supported by an uptick in open interest . According to Coinanalyze, ETH’s open interest rose by 8.77% in the last 24 hours, hitting $18.6 billion. The rising investor confidence is also reflected in the ETF market, where the coin’s nine US-traded spot ETFs recorded $125 million worth of inflows on Tuesday-the largest inflows in a single day since February 4th. Also, the number of ETH staked has risen to a record 38,824,598 coins, translating to reduced supply on exchanges, which could mean reduced sell-side pressures.
ETH Cost Basis Data Sends Warning
However, ETH could encounter headwinds in the near-term. According to blockchain data aggregation site, Glassnode, Ethereum price has entered a zone of investor concentration, with a substantial number of ETH coin holders set to break even at $2,800. That will likely increase selling pressure, which could limit the coin’s upside.

Ethereum Price Prediction
Ethereum price pivots at $2,760 and the momentum calls for further upside above that level. The coin will likely meet initial resistance at $2,820, but an extended control by the bulls will break above that level and potentially test $2,870.

On the other hand, going below $2,760 will invite the sellers to take control. That will likely see the first support established at $2,710. The upside narrative will be invalid below that level. In addition, a stronger downward momentum could extend the decline and test the second support at $2,660.

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