Trump's statement aims to enhance U.S. cryptocurrency status | Abubakr Shan on Binance Square

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Trump's statement aims to enhance U.S. cryptocurrency status.Bo Hines highlights strategic leadership.
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PNUT the squirrel? After it went viral, PNUT crypto tokens have scampered onto the scene like squirrels chasing nuts. From Solana to Ethereum, multiple PNUTs exist, each with unique flavors. One, however, has cracked the big nut, pumping to a billion-dollar market cap. The star of the PNUT crypto pack is Peanut the Squirrel ( Peanut the Squirrel 1.71% ) on Solana, born from a viral tale of a pet squirrel’s tragic end. It hit a $2 billion market cap in just 11 days, especially with “endorsements” from Elon Musk and Donald Trump. The coin itself went crazy when it landed on Binance and Coinbase.$PNUT $SOL

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US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve. According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text to a social media post she recommended he write announcing a US strategic crypto reserve that would include XRP, Solana (SOL), and Cardano (ADA). After he posted the message to his social media platform on March 2, Trump learned Ripple was one of Ballard’s clients, infuriating the president, who felt like he’d been used, Politico reported, citing two people familiar with the incident. “He is not welcome in anything anymore,” said Trump, referencing Ballard, according to the report. Trump had connections to Ripple long before the announcement of XRP in the proposed crypto reserve. The blockchain firm’s chief legal officer, Stuart Alderoty, donated more than $300,000 to fundraising and political action committees supporting Trump in the 2024 election, and both he and CEO Brad Garlinghouse met with the then-president-elect in January and attended inauguration events. Related: Democrats aim at Trump’s crypto profits with a 3-prong pincer move Ripple also donated $5 million worth of XRP to Trump’s presidential inaugural fund and has been one of the largest contributors to Fairshake, a political action committee (PAC) that supports those it considers “pro-crypto” candidates through media buys. A spokesperson for the PAC said in January that it would continue its efforts in the 2026 midterm elections. The price of XRP did not appear to significantly react to the May 8 report. At the time of publication, it was $2.23, having risen roughly 5% in the previous 24 hours. Cointelegraph reached out to a Ripple spokesperson for comment, but did not receive a response at the time of publication.$XRP

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Hold in May and stay,’ analysts say as Trump-driven bitcoin $BTC catalysts outweigh strategic reserve uncertainty

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Bhutan has partnered with Binance Pay to allow tourists to pay with cryptocurrency. Tourists will able to buy goods and services such as hotel stays and tour guides with 100 different cryptocurrencies. Supported cryptocurrencies include Bitcoin (BTC)$BTC Binance Coin (BNB) $BNB and USD Coin (USDC)$USDC

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Ethereum's technical indicators show potential for a breakout above the 50-day EMA resistance level. Ethereum's Pectra upgrade, combining Prague and Electra phases, introduces 11 EIPs, including EIP-7702 for smarter wallets. The update enhances scalability, developer tools, and prepares Ethereum for future innovations like Verkle Trees and EIP-4444. With the Ethereum Pectra upgrade set to go live today, the ETH ETH $1 845 spot trading volumes have dried up a bit recently. Amid the broader crypto market recovery, ETH price has seen a bounce back, gaining 2.44% at press time, and moving to $1,838 levels. CryptoQuant analyst Darkfost noted that the cooling off of the Ethereum spot volume could be a positive sign moving ahead. Amid Ethereum’s recent correction, a decline in volume under these conditions may help reduce market volatility, stated the analyst. This shift could also ease the selling pressure that has been weighing on the market. However, it doesn’t necessarily signal a market bottom, so investors should maintain caution, stated the analyst.$ETH

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