U.S. Stablecoin Legislation in Turmoil: A bipartisan effort to establish stablecoin regulations has stalled. Led by Senator Bill Hagerty (R-Tenn.), the bill now faces opposition from nine key Senate Democrats after GOP revisions. The situation is complicated by former President Donald Trump’s family crypto ventures, including the USD1 stablecoin from World Liberty Financial.
#Bitcoin Nears $100K: $BTC is trading at $96,225 with projections as high as $168,000 by year-end. Yet, institutional demand is weaker than last year—only 28,000 BTC acquired through ETFs so far in 2025.
Maldives Crypto Push: The Maldives signed a $9B agreement with MBS Global Investments to establish a crypto hub in Malé, aiming to increase blockchain adoption and attract investment.
Trump’s Crypto Influence Grows: Trump’s administration has relaxed federal crypto restrictions. His USD1 stablecoin was notably used in a $2B investment through Binance by Abu Dhabi’s MGX—raising concerns over conflicts of interest.
UK Crypto Clampdown: The UK has banned credit card purchases of crypto and limited crypto lending services to protect consumers amid new regulatory frameworks.
Ethereum vs. $XRP Outlook: $ETH is expected to outperform XRP this month, showing stronger technical indicators. XRP trades at $2.29 but is lagging behind ETH and BTC momentum.
Other Highlights:
Kraken reported $472M in Q1 revenue—up 19% YoY.
CoinGecko notes 1.8M failed tokens in Q1 2025.
Claynosaurz launched a 25,000 NFT collection on Sui Network and teased a Web3 mobile game.
#CryptoNewss #Latestcryptonews
