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What a great way to wake up... 

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Key Developments in Ripple (XRP), Potential Bull Run of Cardano (ADA) and More: Recap of May 23 Crypto Events The Ripple (XRP) cryptocurrency has seen minor gains recently due to factors such as whale activities and the SEC’s delayed decision on XRP ETF applications. In contrast, Cardano’s (ADA) token has surged by 16% with indicators suggesting a potential large rally. This followed investors' shift from centralized exchanges to self-custody methods, reducing selling pressure. The meme coin, DOGE, has caught the eye of industry participants with a 35% monthly rise. Analysts predict a rally to $0.31, supported by increasing whale activity, transaction volume, and user engagement. Bitcoin's price is up 7% in the past week, while XRP has only seen a 1% rise.

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Renewed Tariff Warnings from Trump Stir Up Concerns as Bitcoin and Hype Reach Record Highs: A Week in Crypto Review Bitcoin soared past its previous all-time high of $109,100, reaching a new record of $112,000 despite several setbacks and price crashes. However, the cryptocurrency fell by $3,500 following US President Trump's renewed tariff warnings, proposing a 50% straight tax on all European Union countries. Despite this, Bitcoin has maintained weekly gains of 5%, outperforming other cryptocurrencies such as ETH, XRP, BNB, SOL, and DOGE. This week also saw the rise of the altcoin HYPE, which experienced a 30% increase in value since last week. In other news, major US banks are considering a joint stablecoin venture, and concerns have been raised about the potential centralization issues posed by BlackRock's Spot Bitcoin ETF IBIT.

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Latest Updates on Pi Network for May 23 Pi Network has been making headlines with its strategic initiatives. Recently, it disclosed a $100 million initiative (held in PI and USD) to invest in startups and businesses that could boost PI’s progress and adoption. This initiative, Pi Network Ventures, aims to strengthen the ecosystem, incentivize high-quality integrations, and put network effects into action. Adding to this, the number of PI tokens stored on cryptocurrency exchanges had reached a peak level of almost 400 million earlier this week, although it has since dropped to less than 310 million. Analysts remain optimistic about PI's future price performance, despite a 10% weekly decline and a 74% crash from the all-time high of almost $3 seen in late February.

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Hyperliquid's HYPE Token Soars to Record High as Open Interest Exceeds $9 Billion Hyperliquid's native HYPE token recently reached a record all-time high of $367.24. This impressive surge was driven by regulatory momentum, significant whale activity, and an open interest milestone of $9.37 billion, highlighting the platform's increasing dominance in decentralized derivatives trading. HYPE's value has risen 14.5% in the past 24 hours, and 37.7% in the last week, a trend amplified by Bitcoin’s own significant rise. Hyperliquid Lab's proactive engagement with regulatory bodies has been at the forefront of HYPE's growth. The company has advocated for decentralized finance (DeFi) frameworks to improve market efficiency, integrity, and user protection. Open interest on the protocol has also reached an all-time high, reflecting the enthusiasm of investors. However, the bullish trend has led to some significant losses for those who bet against HYPE.

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Assessment of Bitcoin's Value: Will There Be a Brief Pullback Following the Latest Increase? Bitcoin has once again surpassed key resistance areas, extending its bullish momentum. After several attempts to reclaim previous highs, the market has finally shifted, with bulls regaining control due to an improved sentiment and strong technical structure. The daily chart shows a convincing breakout, with the price breaking through the $100K resistance zone and rallying towards the $110K mark. The 4-hour chart reveals a rising channel structure which guided the price into the $108K all-time high region. On-chain data shows a resurgence in active addresses, indicating renewed retail and institutional interest. Despite Bitcoin being well-positioned to continue its rally, short-term pullbacks are possible given the extended RSI on higher timeframes. The $108K level remains critical for the bulls to defend to avoid a deeper correction.

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