Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls
U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits. The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average rose 0.3%, with support from a rebound in UnitedHealth Group shares. Moody’s late Friday downgraded U.S. debt to AA1, citing “persistent, large fiscal deficits” and higher interest costs. The move came as the House Budget Committee approved a tax-and-spending plan from President Trump that would extend cuts and boost spending, raising deficit projections. The 10-year Treasury yield briefly spiked to 4.56%, its highest level in over a month, before pulling back to 4.46%. Yields on 30-year Treasurys touched 5% before settling near 4.95%. The dollar index fell 0.7%, while gold jumped 1.5% to $3,235 an ounce. Tech stocks, which led recent gains, traded mixed. Tesla dropped 2% following last week’s 17% rally. Apple slipped 1.5%, while Nvidia, Alphabet, and Meta also declined. Microsoft and Amazon edged higher. #GENIUSAct #BinanceAlphaAlert #MyEOSTrade #SaylorBTCPurchase
China may help the US fight the deadly fentanyl epidemic to get a seat at the trade negotiation table
WSJ reports that China is eyeing potential assistance in cracking down on the fentanyl trade in North America as a possible pretext for starting China-U.S. trade negotiations. Fentanyl overdoses take the lives of dozens of thousands of people in the U.S. and Canada annually. China is a key player in the North American fentanyl market. According to unnamed sources cited by The Wall Street Journal, China may propose cooperation on the fentanyl crisis as an “off-ramp from hostilities” to foster dialogue with the Trum administration. Potentially, China has a resource to tackle the North American fentanyl problem as its role in this crisis and market is essential.Reportedly, Chinese chemical companies export fentanyl precursors and provide consultations to Americans wishing to synthesize the drug on online forums. China may hope for dialogue as the role of fentanyl was explicitly cited by Donald Trump when he motivated imposing the harshest tariffs on China, the only country not granted a 90-day tariff pause. The dialogue between China and the U.S. is not impossible, as recently Trump himself said, “it’s a natural thing to ask,” referring to asking China to assist in solving the conflict between Russia and Ukraine. #TradeOfTheWeek #CryptoComeback #BTCBackto100K #BTCtrade
Bitcoin Jumps to $98,933 as Markets React to Trump’s Trade Deal Tease
Bitcoin surged to $98,933 on May 8, gaining 2.6% in just 24 hours after a major announcement by President Donald Trump. In a post on Truth Social, Trump revealed plans to hold a press conference in the Oval Office the next day to unveil a “major trade deal” with what he described as a “big” and “highly respected” country. He also hinted this would be the first of many similar deals to come. While Trump didn’t name the country involved, The New York Times, citing three sources familiar with the matter, reported that the agreement is likely with the United Kingdom. Markets saw this as a positive development, especially as global trade tensions have weighed heavily on sentiment in recent months. Tariffs have been a major source of market volatility, particularly affecting both equities and crypto assets. Bitcoin’s move higher is part of a broader rebound. After hitting a record high of $109,000 on January 20 — just before Trump’s inauguration — the digital asset fell sharply in April when the U.S. increased tariffs on China. It dropped from over $88,000 to a low of $74,500. Since then, it has been climbing back, helped by ETF inflows, a softer U.S. dollar, and improved investor confidence. Adding to the optimism, Treasury Secretary Scott Bessent is scheduled to meet with top Chinese officials in Switzerland this week. This is the first formal step toward resolving the recent tariff standoff between the U.S. and China, which had contributed to Bitcoin’s earlier slump. The Federal Reserve’s decision on May 7 to hold interest rates steady at 4.25–4.50% also gave markets some breathing room. Fed Chair Jerome Powell acknowledged ongoing uncertainty tied to Trump’s trade strategy but noted that strong employment and overall economic resilience supported the current rate stance — even as inflation remains above the Fed’s target. With multiple positive factors aligning, Bitcoin now looks poised to break the $100,000 mark soon. Bulls are closely watching this key psychological level, and with momentum building, a new all-time high could be just around the corner. #BTCtrade #TradeStories #StripeStablecoinAccounts #BTCBreaks99K
Ethereum price rejects from the 0.618 Fib: is more downside ahead or just a fakeout? Ethereum recently rejected from a key confluence zone, including the 0.618 Fibonacci level. With price back under the point of control, traders are watching closely for signs of a deeper move or a trap. Ethereum’s (ETH) price action has stalled at a technically significant region, the 0.618 Fibonacci retracement level, drawn from the most recent pivot high to low. This area is also reinforced by daily horizontal resistance and a descending VWAP, adding to its weight as a decisionzone. After several failed attempts to push higher, ETH has now begun to roll over, trading back under the point of control (POC) of the local range. Key technical points
Major Resistance Cluster: The 0.618 Fibonacci aligns with daily resistance and a descending VWAP, forming a strong technical ceiling.
Loss of POC: Price has fallen below the volume point of control, indicating sellers are gaining control of the short-term auction.
Bearish Structure Building: Lower highs and a stalled breakout raise the probability of a move toward the next key support near $1,540
Detailed analysis
After an impulsive move higher, Ethereum’s price has spent several sessions consolidating below a heavy resistance zone. The 0.618 Fibonacci level, a widely watched retracement marker, is reinforced by dailyhorizontal resistance and a declining VWAP drawn from the last major high. This confluence attracted notable selling pressure, and ETH has now failed multiple times to break above. What adds further caution to the current structure is the recent loss of the point of control within this region. Price has now dipped below the highest-volume node of the recent range, suggesting that the market is no longer accepting value at these levels. This often precedes range rotation or continuation in the direction of the rejection, in this case, to the downside. #FOMCMeeting #USHouseMarketStructureDraft #BitcoinReserveDeadline #BinanceLaunchpoolSXT
Crossover Markets Gears Up for U.S. Launch as Crypto Climate Shifts
As someone closely watching the evolving U.S. crypto landscape, I’ve been intrigued by how the regulatory winds seem to be shifting in favor of digital assets. Under President Trump’s renewed focus on innovation and crypto-friendly policies, it’s no surprise that international players are beginning to move in—and one of the most compelling is Crossover Markets Group Inc. Based in London, Crossover has largely steered clear of the U.S. market until now due to regulatory uncertainty. But with the current political momentum, they’re preparing to launch their institutional digital asset trading platform, CROSSx, stateside. I find this move particularly significant given the firm’s cautious stance in the past. Crossover was founded in 2022 by some heavy hitters in the FX world—Brandon Mulvihill and Anthony Mazzarese, both formerly of Jefferies, and Vladislav Rysin, ex-CTO at Euronext FX. In just a short time, they’ve built a serious presence with CROSSx, which is based on an ECN (Electronic Communication Network) model. What stands out to me is how tailored the platform is for institutional players: it offers anonymous trading, ultra-low latency, deep liquidity, and separates trade execution from custody—plus it allows for customized liquidity pools. According to CEO Brandon Mulvihill, the company is laying the groundwork to onboard U.S. participants, with live trading expected by late Q2 or early Q3. This is a big deal—not just for them, but for the broader U.S. market. The numbers speak for themselves: Crossover handled $13.5 billion in notional trading volume last year and raised $12 million in a Series A funding round in June 2024, led by Illuminate Financial and DRW Venture Capital. Even more impressive is their consistent growth—trading volume has increased 30–50% quarter-over-quarter over the last year. Given that kind of momentum, another fundraising round could be on the horizon. What’s most exciting to me is how firms like Crossover are being reinvigorated by the policy changes happening in the U.S. If this trend continues, we could be entering a new golden era for institutional crypto trading in the American market. #FOMCMeeting #USHouseMarketStructureDraft #BitcoinReserveDeadline #BinanceLaunchpoolSXT
Israeli-Russian man faces extradition to US over $190m Nomad crypto hack Alexander Gurevich, a dual Russian-Israeli citizen, was arrested at Israel’s Ben-Gurion Airport on May 1 while attempting to flee to Russia under a new name. The 47-year-old is accused of participating in the 2022 hack of US-based Nomad, a crypto bridge, which resulted in the theft of nearly $190 million in digital assets, according to reporting from The Jerusalem Post According to a US extradition request, Gurevich exploited a vulnerability in Nomad’s code, withdrawing about $2.89 million in tokens.
He later contacted Nomad’s CTO under a false identity, apologized, returned a fraction of the funds, and demanded a $500,000 “reward” for finding the bug. Authorities say he ceased communication after Nomad offered him 10% of the stolen assets.
Gurevich changed his name to “Alexander Block” on April 29 and obtained a new passport the next day. Israeli police arrested him at the airport before he could board his flight. He appeared in court on May 2 in handcuffs. 20 years in prison
US prosecutors filed an eight-count indictment against Gurevich in 2023, including computer fraud and money laundering charges.
If convicted in the US, he faces up to 20 years in prison — substantially more than he would under Israeli law. Gurevich immigrated to Israel in 2017 but reportedly spent much of his time abroad, including in Africa. His extradition is being pursued by Israel’s State Attorney’s Office, with a hearing scheduled for Sunday. #BitcoinReserveDeadline #BinanceLaunchpoolSXT #USStablecoinBill #StrategicBTCReserve
South Korean presidential candidates court 16 million crypto investors ahead of June election: report
With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. According to a report by Point Daily, crypto voters’ political significance has grown as Bitcoin’s market capitalization in Korea now exceeds 2,600 trillion won. This has rivaled the combined value of KOSPI-listed companies. As Point Daily notes, these 16 million investors account for a substantial portion of the country’s approximately 44.25 million eligible voters from the previous general election. Major parties are using crypto-specific strategies to attract these voters. The Democratic Party has brought Professor Kim Yong-jin of Sogang University, a token securities expert, into their campaign team. Representative Min Byeong-deok of the same party has introduced a draft Basic Digital Asset Act that includes provisions for a stablecoin authorization system linked to legal tender. The People Power Party, which confirmed its candidate on June 3, has shared seven major crypto-related initiatives. This includes abolishing the restrictive one-exchange-one-bank system, institutionalizing virtual asset trading for corporations, allowing spot ETF trading within the year, and establishing South Korea as a global virtual asset hub. People Power Party candidate Kim Moon-soo specifically addressed the frustration of investors. He stated that about 16 million people, or one-third of the population, are participating in the virtual asset market, but virtual asset investors are being left without even the minimum protection measures. Separately, Joseilbo reported that the Financial Services Commission announced that non-profit organizations and virtual asset exchanges will be permitted to sell their virtual assets starting in June, #EUPrivacyCoinBan #AppleCryptoUpdate #BinanceHODLerSTO #DigitalAssetBill
Freight train to Mar-a-Lago? Logistics firm earmarks $20m for Trump memecoin
Fr8Tech Bets Big on Trump Memecoin in Unusual Crypto Move A publicly-traded logistics company has made headlines by diving into the world of memecoins—specifically the Trump-branded one. Freight Technologies, or Fr8Tech as it's known, just struck a $20 million deal with an institutional investor to purchase Official Trump tokens, becoming one of the first companies to tie its digital asset strategy to something as controversial as a politician’s personal crypto project. The company’s CEO, Javier Selgas, says the move is part of an effort to support trade between the U.S. and Mexico. However, it’s not really clear how buying a memecoin—especially one based on a political figure—has anything to do with improving cross-border logistics. Who is Fr8Tech? Based in Houston and founded in 2015, Fr8Tech focuses on using technologies like AI to optimize supply chain operations. It trades on the Nasdaq under the ticker FRGT. The company’s stock struggled back in 2018 during Trump’s first term, but now it seems to be trying something bold and unconventional—shifting into crypto. While most companies that invest in crypto go for Bitcoin, Fr8Tech is going all-in on a memecoin. Crypto commentator Mario Nawfal even called it the “first-ever Trump treasury.” Smart Strategy or Risky Gimmick? On April 30, Fr8Tech officially announced it was creating a crypto treasury. They’re issuing up to $20 million in convertible notes, with the funds dedicated solely to buying Official Trump tokens. The first $1 million has already been committed. In a statement, Selgas tied this move to Trump’s “America First” philosophy, saying it aligns with their goal of promoting fair and balanced trade between the U.S. and Mexico. But again, there’s no real explanation of how exactly this coin helps accomplish that. Why Trump Memecoin Raises Eyebrows Like most memecoins, the Trump token is highly volatile and risky. Even though it’s up a bit recently, its price has mostly been falling since its launch in January. Compared to Bitcoin—which many corporations see as a long-term store of value—this move seems questionable. Some see it as more of a publicity stunt than a serious business decision. After all, the Trump token’s main “utility” right now is that holding a certain amount can get you an invite to a private dinner with Trump on May 22. That promotion alone caused the price to surge more than 50%. But critics have deeper concerns. Some say this whole thing smells like “pay to play,” and could potentially open the door for foreign actors to try and buy influence with political figures through crypto. Venture capitalist Nic Carter warned about this months ago, saying if people were upset about Hunter Biden’s art sales, they should be just as concerned about Trump’s memecoin. Ethics Investigation in Progress In fact, a few weeks ago, Senators Adam Schiff and Elizabeth Warren called for a federal ethics investigation into the coin. They’re questioning whether Trump violated any rules by offering access to himself in exchange for crypto investments. For its part, Fr8Tech hasn’t said anything about wanting political access—it just seems focused on the coin as an asset. Still, the timing is interesting. Right after announcing the investment, the company’s stock jumped over 111% on May 2, closing at $2.08 per share by the end of the week. Ironically, the Trump token itself hasn’t seen any major reaction to the news. #AppleCryptoUpdate #BinanceHODLerSTO #SaylorBTCPurchase #BinanceAlphaAlert
Trump family’s crypto fortune swells as foreign billions roll in
I recently came across a report from a nonprofit group called State Democracy Defenders Action, and it made some pretty eye-opening claims: apparently, President Donald Trump and his family are now making billions from cryptocurrency. According to the group’s estimates, nearly 40% of Trump’s net worth—around $2.9 billion—is tied up in digital assets. A big chunk of that wealth seems to come from Trump’s own memecoins—like the "Official Trump" and "Melania Meme" coins—as well as a major stake in a crypto exchange called World Liberty Financial (WLFI), which launched in 2024 and is closely linked to the Trump family. The report notes that while the organization claims to be nonpartisan, it’s run by people who have been critical of Trump in the past. Still, the numbers are hard to ignore. Things might not stop there. WLFI just announced a huge deal: a firm called MGX, backed by investors from Abu Dhabi, is planning to pour $2 billion into the Trump-linked exchange by purchasing a new stablecoin called USD1. At the Token2049 conference on May 1, WLFI co-founder Zach Witkoff confirmed that USD1$ETH will be the official stablecoin for MGX’s investments through Binance. It’s becoming clear just how closely the Trump family is tied to all of this. According to WLFI’s website, a family-linked entity owns 60% of the company and holds more than 22 billion $WLF tokens. But it’s not just the family. Trump’s so-called "Crypto Czar" David Sacks stands to gain from USD1’s custodial deal with BitGo—a company he still partially owns. The White House Counsel apparently gave him a waiver to keep that ownership back in March. And that’s not all. Trump’s Middle East envoy, Steven Witkoff, is also a co-founder of WLFI, along with Trump’s two sons. Meanwhile, crypto entrepreneur Justin Sun reportedly bought $30 million worth of $WLF tokens just weeks after Trump won the 2024 election. That deal funneled 75% of the protocol’s net revenue into a Trump-affiliated firm called DT Marks DEFI LLC. With all of this going on, it’s no surprise that there are rising concerns about potential conflicts of interest. Under Trump’s administration, regulation of the crypto industry seems to be loosening. The SEC has reportedly dropped a number of investigations and lawsuits against major players like Dragonchain, Coinbase, Gemini, Uniswap, and Ripple. In the end, this isn’t just about crypto. It’s about power, influence, and how the Trump family may be consolidating both through the digital asset world. Whether it’s smart strategy or political cronyism depends on who you ask—but it’s definitely something worth watching. #AppleCryptoUpdate #BinanceHODLerSTO #SaylorBTCPurchase #BTCRebound
Japan Just Unleashed Its Financial Trump Card — And It’s Pointed at the U.S.
In a stunning move that’s shaken up global markets, Japan just dropped what could be described as a financial bomb — and it’s got everything to do with something called $TRUMP. On live TV, Japan’s Finance Minister Katsunobu Kato made a statement that was anything but vague. He said — very clearly — that Japan’s massive $1.13 trillion stash of U.S. Treasury bonds is now “a card on the table.” And guess what? That card is aimed directly at Trump and his aggressive trade tactics. “It does exist as a card,” Kato said, calm but clearly making a statement. That one line sent a jolt through Wall Street. Bond yields jumped, the dollar got shaky, and crypto markets — especially those holding the $TRUMP token — went into full panic mode. Why It Matters: Japan has always been America’s biggest foreign creditor, but until now, they’ve played it cool. That’s changed. With Trump pushing hard on tariffs, going after Japanese cars, LNG deals, and even agriculture, Japan is basically saying: “Enough is enough.” Just hours before Kato’s public comments, Japan’s lead negotiator Ryosei Akazawa had returned from tense meetings in Washington. Word is, the sit-down with U.S. Treasury Secretary Scott Bessent didn’t go well — one insider called the atmosphere “icy.” Wall Street’s Take: “This isn’t diplomacy anymore. It’s economic warfare,” said Nicholas Smith from CLSA. “Japan isn’t bluffing. This is a warning.” Traders are now watching not just U.S. bonds, but how this tension could ripple into crypto. The $TRUMP token, known for mirroring Trump’s unpredictable nature, could see a wild surge if uncertainty grows — and some are already piling in, hoping for gains during the chaos. What Happens If China Steps In? Here’s where it gets serious. China holds almost as much U.S. debt as Japan. If they decide to make a similar move, we could see a full-on bond market crisis — and ironically, that could spark a rally in crypto as people run for alternative assets. The Bottom Line: “We’re not playing nice anymore,” said Jesper Koll of Monex Group. Push Japan too far, and they won’t just push back — they’ll light the match. With trade talks heating up this month, one thing’s clear: Japan isn’t backing down. The next move could shake both Wall Street and the crypto world at once. #BinanceHODLerSTO #SaylorBTCPurchase #BTCRebound #StrategicBTCReserve
XRP Shows Bullish Potential as EMAs Cross – Are Bulls Taking Charge?
Recently, XRP has started to show clear signs of a bullish shift in market structure. After breaking previous resistance and forming a bullish crossover between key moving averages, the token now seems to be aiming for the $2.50 resistance level. From a technical perspective, XRP is building momentum. The formation of higher highs and higher lows suggests that a trend reversal may be underway. More importantly, the price is trading above both the 21 EMA and the 50 MA, which adds confidence to the bullish case. Key Points: EMA Crossover: The 21 EMA and 50 MA are converging and may soon form a bullish crossover, which is usually an early indicator of upward momentum. Market Structure: XRP has moved from a bearish pattern to a more bullish one, with higher highs and higher lows. Target Resistance: If XRP can maintain this structure, the next major level to watch is around $2.50. This EMA convergence isn’t just technical noise—it often precedes strong moves in the market, especially when paired with a shift in structure like we’re seeing now. As long as XRP respects these moving averages as support, the uptrend remains valid. Volume will be the key to confirming this setup. A solid increase in trading volume would indicate strong interest and could accelerate the price movement. On the other hand, weak volume might cause the trend to lose steam. What to Watch Next: If the bullish momentum holds and we see a spike in volume, XRP $BTC could make a move toward the $2.50 resistance. A clean break above that level would open the door to more upside in the short term. However, it’s important to watch for any dips or pullbacks, which could offer buying opportunities as long as key supports stay intact.$XRP #BinanceHODLerSTO #SaylorBTCPurchase #BTCRebound #StablecoinPayments
STO price surges over 30% on Binance listing news StakeStone (STO) price is by over 30% in the past 24 hours, buoyed by spot listing on Binance exchange. STO began trading on Binance spot at 16:00 UTC on May 2 across multiple pairs, including USDT and BNB. According to the official announcement, eligible users who subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, will receive STO airdrops as part of the launch incentives. Launched in early April through a token generation event by Binance Wallet, StakeStone quickly gained traction with listings on exchanges like MEXC, Bitget, KuCoin, and Gate.io. Today’s listing on Binance has further boosted the project’s visibility and the token’s price, leading to over 30% surge in the token’s price. At press time, STO trades at $0.17 with the trading volume of over $45 million. On the 4-hour chart, today’s 30%+ surge has pushed STO price well above both the 20-period EMA and the 50-period SMA, signaling strong bullish momentum. The RSI has also entered overbought territory above 70 on the breakout, suggesting a potential pullback or consolidation in the near term. However, a bullish crossover between the 20 EMA and the 50 SMA happened before the breakout, potentially serving as an early signal of the uptrend. Looking ahead, this sharp rally may be due for a short-term pullback, but the technical setup suggests a broader uptrend could be unfolding. #BinanceHODLerSTO #DigitalAssetBill #SaylorBTCPurchase #BTCRebound
How I Made My First $100 Trading – And How You Can Too (Even If You’re Totally New)
Tired of watching others make money in trading while you're stuck wondering where to even begin? Same here. But once I stopped overcomplicating things, it finally clicked. Here’s the exact way I got started — even with zero experience: 1. Learn the Candle Patterns First Those red and green candles? They’re not just shapes — they tell a story. I focused on just five of the most powerful ones: Doji Engulfing Hammer Shooting Star Morning Star Once these made sense to me, I felt like I unlocked half the game. 2. Stop Trying to Trade Everything I used to hop from coin to coin — big mistake. Now, I just watch one pair like a sniper. Less stress, more clarity. 3. Start with Small Capital I didn’t have much to start, so I used just $20–$50. And honestly, that small amount taught me more than hours of YouTube ever did. 4. Always Have a Plan Random trades = random results. I started writing down my: Entry point Stop-loss Take-profit That structure helped me stop guessing and start trading. 5. Track Everything Every win. Every loss. I wrote it all down. Patterns started showing up. That’s how I improved faster than most people starting out. That’s literally how I made my first $100 in trading. Not overnight. Not hype. Just a clear approach that worked. Once that $100 came in, I realized… the next $1,000 is just repeating the process. Bookmark this. Re-read it. Because next time you open a chart — you won’t be guessing anymore. You’ll actually know what you’re looking at. #BTCRebound #MakeMoneyOnline #CandlePattern #AirdropSafetyGuide
Bitcoin short squeeze rally meets heavy resistance: what comes next?
Bitcoin has surged on the back of a textbook short squeeze, but now finds itself at a decisive resistance zone. Will it break out or roll over? Bitcoin’s btc2.72%Bitcoin recent price action has caught many off guard, with a powerful bounce emerging from heavily oversold conditions. This rebound appears largely driven by a short squeeze, a phenomenon where overly bearish sentiment leads to a rapid price increase as short positions get liquidated. But now, BTC is trading in a technically sensitive area that could determine whether this bounce has more legs or if a reversal is imminent. The rally began at a time when bearish sentiment was near its peak, with many traders heavily shorting BTC as it approached recent lows. This overcrowded positioning triggered a chain reaction, as price began to bounce, short positions were forced to cover, fueling an exaggerated upside move. This kind of short squeeze is often not sustainable unless it’s accompanied by real demand and fresh spot volume. Now, Bitcoin is testing several key resistance levels in one cluster. The most important of these include the $98,300 level, the descending trendline that has defined recent price action, and the 0.618 Fibonacci retracement from the previous swing high. This confluence zone is also aligned with the daily imbalance area and the point of control, making it a high-risk location for potential reversal. A clean rejection here could confirm this rally as simply a short squeeze top, opening the door for another leg lower. However, if Bitcoin consolidates around this resistance zone and breaks above it with sustained volume, then the structure could shift into a genuine bullish continuation. Adding to the concern, this rally has occurred during a period of thin liquidity and limited spot market interest. Without real demand behind the move, the sustainability of higher prices remains questionable. Smart money often fades these types of rallies unless they are confirmed with follow-through volume and clear support reclaim. What to expect in the coming price action All eyes should remain on the $98,300 level. A clear reclaim and close above this zone would flip resistance into support and suggest that bulls are taking control. Until then, traders should remain cautious, as failure here could send Bitcoin back toward lower support levels. Expect volatility and watch closely for a confirmed rejection or breakout. Here’s why altcoins like Jasmy, Chainlink, Dogecoin, Pi Network are rising Bitcoin and most altcoins started the month well, with the total market cap of all coins jumping to over $3 trillion. JasmyCoin jasmy5.26%JasmyCoin price jumped by 6.2%, while Chainlink link5.2%Chainlink, Dogecoin doge5.8%Dogecoin, and Pi Network pi3.24%Pi Network were up by over 5%. These tokens jumped as Bitcoin btc2.72%Bitcoin ended its two-week consolidation and broke above the key resistance level at $97,000 for the first time since February. Historically, altcoins tend to perform well when Bitcoin is rising. Analysts are optimistic that Bitcoin will continue to soar. Ark Invest has estimated that the coin will reach $2.4 million by 2024, while Standard Chartered analysts predict it will surge to $120,000 by the end of the year. In an emailed statement to crypto.news, Joe Burnett, an analyst at Unchained, estimated that it could hit $250,000, saying: Altcoins jumped as the US stock market soared Altcoins also moved higher as the US stock market rallied. The Dow Jones, S&P 500, and Nasdaq 100 indices all rose by over 1%, continuing a rally that started a period of extreme selling pressure following President Trump’s “Liberation Day” tariff decleration. These assets are rising as market participants predict that Donald Trump will intervene and begin unwinding tariffs following the latest US GDP data. The report showed that the economy contracted in the first quarter as imports surged. Additionally, the stock market has underperformed compared to other presidents at the same time in their presidencies. His performance was the worst since 1974 when Gerald Ford became president. Therefore, he might decide to startnegotiations with China to boost the stock market. The Federal Reserve may also intervene and start cutting interest rates to prevent a recession. The odds of a 25-basis-point cut in the June meeting on Polymarket have risen to 47% and are now higher than the odds of no change. Bitcoin and altcoins like Jasmy, Chainlink, Dogecoin, and Pi Network often do well when the Federal Reserve is cutting interest rates. A good example is how they all surged during the pandemic and then slumped in 2022 as the bank started slashing interest rates. #AltcoinETFsPostponed #BTCRebound #StablecoinPayments #BinanceAlphaAlert
Ethereum’s Rocky Start in 2025 Could Set the Stage for a Major Comeback
Ethereum’s Rocky Start in 2025 Could Set the Stage for a Major Comeback Ethereum has had a rough start in 2025, losing over 46% of its value year-to-date as ETFs failed to draw significant capital and revenue dropped sharply. However, recent developments suggest that the world’s second-largest cryptocurrency might be preparing for a strong rebound — possibly its biggest yet this year. Signs of a Revival: Three Catalysts to Watch Despite declining relevance and reduced interest from new users in early 2025, Ethereum# has seen a major spike in activity. According to data from Growthepie, the number of unique weekly active addresses on Ethereum and its Layer 2 chains reached an all-time high — with a 62% week-on-week increase. Additionally, Layer 2 dominance surged by 57%. By April 30, Ethereum was leading trader sentiment, capturing 82% of market interest, followed by Solana and Bitcoin. Insights from Oriole show that as market greed rises (currently at 56/100), Ethereum is once again gaining bullish traction among investors. Vitalik Buterin’s Scalability Proposal Ethereum co-founder Vitalik Buterin recently proposed a new plan to improve the scalability of Ethereum’s execution layer. This change addresses a major bottleneck while keeping the developer experience largely intact. Buterin emphasized that the upgrade would simplify the user experience without disrupting the underlying architecture. While the proposal sparked debate within the community, many see it as a step toward making Ethereum more competitive. Ethereum vs. Solana: The Ongoing Rivalry Solana continues to outperform Ethereum across several key metrics. Over the last three months, Solana has seen nearly four times more transactions and holds a $30 billion lead in DEX volume. Its active address count also triples that of Ethereum’s entire Layer 2 ecosystem. Ethereum needs significant growth in both usage and engagement to catch up in the decentralized space. The Bigger Picture: Institutional Support and Tokenization BlackRock’s announcement of a digital share class for its $150 billion Treasury Trust Fund — utilizing Ethereum-based infrastructure — could be a long-term bullish signal. The use of Ethereum for tokenizing real-world assets through partners like BNY Mellon aligns with growing institutional interest in blockchain technology. At the same time, Ethereum ETFs are slowly gaining ground. Farside Investors reported nearly $2.5 billion in inflows over 15 days, despite a single day of negative flow on April 30. Final Thoughts After months of decline and doubt, Ethereum may be on the verge of a powerful resurgence. Backed by strong fundamentals, a scalability upgrade, institutional adoption, and renewed trader confidence, ETH might just be ready to reclaim its position in the crypto spotlight. #BTCRebound #StablecoinPayments #BinanceAlphaAlert #AirdropSafetyGuide
A coalition of 30 crypto advocacy groups, led by the Crypto Council for Innovation, has urged the SEC to clarify its stance on staking. In a joint letter to Commissioner Hester Peirce, the group argued that staking is a technical process used to secure proof-of-stake blockchains—not an investment activity—and should not be regulated as a security. They stated that staking doesn’t meet the Howey test for investment contracts since users retain ownership of their tokens and rewards are automatically generated by the protocol. The coalition called for principles-based guidance similar to how the SEC has approached proof-of-work mining. They also proposed standards for staking providers, including transparent fee disclosures, risk warnings, public audits, and clear user consent procedures, aiming to support responsible innovation without unnecessary regulatory burden. #StablecoinPayments #BinanceAlphaAlert #AirdropSafetyGuide #Trump100Days
Tesla board starts process to remove Elon Musk as CEO of the company
The Tesla board has begun searching for a new CEO to replace Elon Musk, amid internal pressure and falling investor confidence. Elon has been largely absent from Tesla, focusing more on politics and spending time in Washington, D.C., especially after Donald Trump's re-election. The company is struggling — first-quarter profit dropped 71%, car sales declined for the first time in over a decade, and the Cybertruck rollout flopped. Despite Elon promising to dedicate more time to Tesla, board members have already contacted recruiting firms to find his replacement. Some insiders say Elon privately expressed not wanting to be CEO anymore. Meanwhile, Tesla is shifting focus toward AI and robotics, but its core electric vehicle business is weakening. The board is also adding a new independent director, and co-founder JB Straubel is trying to reassure investors. Tesla plans to launch a self-driving ride-hailing service in Austin by June to compete with Waymo and Zoox. #BinanceAlphaAlert #AirdropSafetyGuide #Trump100Days #AltcoinETFsPostponed
A discarded hard drive, a billion-dollar Bitcoin wallet, and a trash-strewn landfill in Wales are now the foundation for a high-stakes docuseries. Entertainment company LEBUL announced this week that it has acquired exclusive rights to the story of James Howells, the British engineer who famously lost access to 8,000 Bitcoin in 2013.$BTC It aims to dramatize Howells’ decade-long quest to recover the drive—now estimated to be worth more than $800 million, from a municipal dump in Newport, Wales. “This isn’t just content,” said Reese Van Allen, President of Unscripted Entertainment at LEBUL. “It’s a live-action tech thriller with nearly a billion dollars on the line.” Howells, an early Bitcoin miner, says his former partner accidentally tossed the hard drive in 2013. Since then, he’s taken Newport City Council to court multiple times, seeking permission to excavate the site or demanding a share of the value, at one point requesting £495 million in compensation. Despite offering to split any recovered funds with the city and local residents, courts have ruled against him, citing environmental and property law concerns. Howells’ legal battle Most recently, Howells lost a major legal battle in Cardiff High Court in early 2025. The council plans to shut down the landfill during the 2025–2026 fiscal year and redevelop part of it into a solar farm. Undeterred, Howells has suggested he may appeal to the Supreme Court—or even try to buy the entire landfill. LEBUL’s adaptation will blend real-time environmental conflict, blockchain lore, and personal obsession. According to the company, global streaming platforms and crypto sponsors are already circling the project. Howells’ story, often likened to a modern-day treasure hunt, will now reach a broader audience as LEBUL turns a forgotten piece of e-waste into entertainment gold.$SOL #BinanceAlphaAlert #AirdropSafetyGuide #Trump100Days #AltcoinETFsPostponed
Logga in för att utforska mer innehåll
Utforska de senaste kryptonyheterna
⚡️ Var en del av de senaste diskussionerna inom krypto