Top Headlines
đ Bitcoin & Ethereum
$BTC has maintained levels above $103,000, buoyed by investor optimism following subdued U.S. inflation data, which has spurred expectations of potential Federal Reserve rate cuts.
$ETH has seen a significant rally, nearly doubling in value since early April. This surge is attributed to the successful implementation of the Pectra upgrade and increased adoption of EIP-7702 by wallets and decentralized applications.
đŁ XRP Developments
XRP has faced setbacks as a U.S. judge rejected Ripple's proposed $50 million settlement with the SEC, leading to a 3% price drop and a $160 million withdrawal in open interest.
Despite legal challenges, some analysts remain optimistic, predicting that XRP could reach the $100 mark in the future.
đ Meme Coins & Altcoins
Dogecoin (DOGE) has experienced a 64% surge in open interest, indicating heightened trading activity and investor interest.
Shiba Inu (SHIB) enthusiasts speculate that a $500 investment today could potentially grow to $50,000 or more, contingent on significant price appreciation.
đď¸ Regulatory Landscape
Progress on two key cryptocurrency legislations in the U.S. has stalled, with concerns over corruption and conflicts of interest causing delays.
The cryptocurrency industry continues to advocate for clearer regulatory guidelines to foster innovation and ensure compliance.
đ§âđź Political & Legal News
Former President Donald Trump's involvement in cryptocurrency ventures has drawn scrutiny, with allegations of leveraging his political position for personal gain.
A significant investment deal, backed by Emirati interests, is set to inject $2 billion into a Trump family-affiliated crypto venture, signaling substantial financial backing. #CryptoNewss