Metaplanet, a Tokyo-based company, has appointed David Bailey, CEO of BTC Inc. (parent company of Bitcoin Magazine), to its Strategic Board of Advisors. He joins Eric Trump, Donald Trump's son, who joined the board in March. Metaplanet aims to enhance Bitcoin adoption globally, building on its accumulation of 5,000 BTC. Bailey will contribute his expertise in the Bitcoin ecosystem, while Trump's experience in brand development and real estate will also be leveraged. The company is aiming to mirror MicroStrategy's Bitcoin accumulation strategy.

Pi Coin's price has recently decreased, falling below $0.60 and declining 15% over the past month. Despite this downturn, there are potential positive developments for Pi Network. BitMart has restarted Pi Coin trading, providing more liquidity. Banxa, a payment platform, is reportedly opening thousands of new accounts, suggesting growing interest. HTX (formerly Huobi) is indicating potential support for Pi Coin. Furthermore, Pi Network's founder, Dr. Nicolas Kokkalis, will be a keynote speaker at the Consensus Summit in Toronto in May 2025. The market is watching to see if Pi Coin can maintain support at $0.58 or if these positive signals will trigger a price increase.

The Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton's proposed XRP spot Exchange-Traded Fund (ETF) until June 17, 2025. This delay is considered a standard regulatory procedure. Other crypto ETFs, including Franklin's Solana and Grayscale's HBAR products, have also experienced delays. While the SEC and Ripple have verbally agreed to settle a previous lawsuit, the settlement hasn't been formalized in court, leading to speculation that the ETF approval is linked to the settlement terms. Proshares has announced a new launch date for its XRP ETFs. Analysts anticipate the SEC will likely reach decisions on multiple crypto ETFs around October 2025.

XRP's price, after rising above $2.30, has pulled back and is currently consolidating around the $2.220 support level. It's trading below $2.2650 and the 100-hourly Simple Moving Average. A contracting triangle pattern is forming, suggesting a potential for either an upward or downward move depending on whether the $2.220 support holds. If XRP breaks above $2.30, it could rally towards $2.350 and potentially higher. However, failure to overcome the $2.2650 resistance could lead to a decline towards $2.20 or even $2.160. Technical indicators suggest a slightly bearish momentum.

Cboe Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF) on its Cboe Futures Exchange to meet the increasing demand for crypto derivatives. These XBTF futures, which are cash-settled and cleared through OCC, eliminate the need for physically delivering Bitcoin and will settle on the last business day of each month in the afternoon. Cboe is expanding its crypto offerings to provide more efficient and flexible access to Bitcoin exposure and risk management and already offers Bitcoin options products, spot bitcoin ETFs, and bitcoin ETF index options. Market makers like Barak Capital are prepared to provide liquidity to the new Bitcoin Index futures, citing the growing demand for stable and efficient markets as digital asset investments become more institutionalized. This expansion provides investors with more ways to gain exposure to or hedge Bitcoin in a regulated and transparent environment.

Tesla has become the only one of the "Magnificent Seven" stocks to climb back above its 200-day moving average in 2024. However, this comes after a roughly 30% drop in the stock's value year-to-date. Redburn Atlantic has advised investors to sell Tesla stock, predicting a difficult year with declining sales and tighter cash flow. They anticipate earnings and free cash flow to be 10% lower than Wall Street estimates. A potential removal of US Inflation Reduction Act clean vehicle credits could further hurt demand. Redburn has set a price target of $160 for Tesla, a 44% decrease from its recent price. Tesla's price-to-earnings ratio is currently 164x, and its price-to-sales ratio is 9.51x, indicating that the stock is significantly overvalued. A large portion of Tesla's market value is tied to future ventures like robotaxis and robots, rather than its current car business. The company hasn't released a major new product since the Model Y in 2019.

Recent online buzz suggested that ProShares would launch an XRP ETF on April 30, with some reports claiming SEC approval. However, ProShares clarified that they have no ETF launches scheduled for that date and have no further news to share. The misunderstanding arose from confusing the effective date of a regulatory filing with an actual launch date. While a registration becoming effective is a necessary step, it doesn't guarantee a launch or SEC approval. Despite the false rumor, the discussion of an XRP futures ETF indicates growing interest from major financial institutions, potentially paving the way for a spot ETF in the future.

In 2025, after Elon Musk advocated for government cost-cutting, Donald Trump created DOGE, a commission led by Musk to reduce federal spending. Despite DOGE's efforts, including significant workforce reductions of nearly 250,000 federal employees and the elimination of entire departments like USAID, government spending actually increased by 6.3%, or $156 billion, in Trump's first four months back in office, even with inflation adjustments. The commission faced numerous lawsuits (at least 60 different legal actions were filed) and public backlash, causing Musk's approval rating to drop and leading to internal conflicts within the government. Musk's net worth decreased by over $100 billion, and Tesla experienced significant sales and stock declines, leading to public boycotts and even acts of domestic terrorism against Tesla vehicles. Consequently, Musk announced he would reduce his involvement with DOGE, dedicating only a day or two per week moving forward.

The SEC has delayed its decision on Franklin Templeton's proposal for an XRP Spot ETF until June 17th, 2025. This delay aligns with the SEC's past practice of waiting for futures markets to develop, in this case, for XRP futures on the CME. Similar delays are expected for other crypto ETFs like those related to Ethereum staking, Dogecoin, Solana, and Hedera Hashgraph, with final deadlines for most applications falling in late 2025. The SEC vs Ripple case is currently on hold as both parties work towards a settlement, with a deadline of June 10th, 2025. A theory suggests that the SEC might be delaying the XRP ETF approval until after the Ripple settlement, particularly if the settlement involves XRP tokens, as ETF approval could increase XRP's price.

ProShares is planning to launch its XRP futures-based exchange-traded fund (ETF) on May 14, following some confusion caused by an earlier regulatory filing. This ETF will provide exposure to XRP through futures contracts, not by directly holding the cryptocurrency. The launch date is subject to SEC approval. The initial announcement caused a brief increase in XRP's price before clarifications were made. Other companies, including Franklin Templeton, Bitwise, and Grayscale, have also applied for XRP ETFs. The SEC has extended its decision deadline for Franklin Templeton's XRP ETF proposal to June 17. Decisions on several cryptocurrency-related ETFs are expected in the fourth quarter of the year, with potential final decisions on XRP ETFs possibly around mid-October. The SEC is also reviewing filings for a Dogecoin ETF from Bitwise and Fidelity's plan for staking in its Ethereum spot ETF.

Ethereum's price is currently consolidating around $1,800 after a slight dip from $1,850. Bulls are active, and the price is trading above $1,780 and the 100-hourly Simple Moving Average. A short-term contracting triangle is forming with resistance at $1,810. If Ethereum breaks above the $1,850 resistance, it could potentially rise towards $1,920, and further to $1,950 or even $2,000. However, failure to surpass $1,850 could lead to a decline, with initial support around $1,780, followed by $1,750. A break below $1,750 might push the price towards $1,620 or even $1,600. Technical indicators suggest bullish momentum.

The Trump administration is reportedly close to finalizing a trade deal with India, with an announcement potentially coming within days. Negotiations have progressed rapidly following Indian Prime Minister Narendra Modi's visit to Washington. Treasury Secretary Scott Bessent highlighted India's straightforward tariff structure as a facilitator in the talks. While the focus is on India, Commerce Secretary Howard Lutnick hinted at another trade deal already completed but awaiting approval from the other country's prime minister and parliament; however, he didn't disclose the country's name. This announcement caused a stock market spike. Bessent also mentioned active trade talks with 17 countries, including Japan and South Korea, but emphasized that nothing is final until President Trump announces it.

Ethereum's price is showing slight gains, trading around $1,803, after a recent dip. It reached a monthly high of $1,837. Its market capitalization is approximately $217 billion, maintaining its position as the second-largest cryptocurrency. Trading volume suggests investors are holding steady. The launch of a new token by Trump Media is creating wider interest in crypto, potentially benefiting Ethereum. Ethereum is up almost 13% over the past three months. Traders are watching to see if Ethereum can reach $1,850-$1,880. According to Elliot Wave pattern analysis $1,735 is a key support level. The analysis suggests a potential target of $1,857, and a break above this could lead to a rally towards $2,000. However, a pullback from $1,857 could trigger a retracement towards $1,735. The bullish outlook remains valid if the price stays above $1,681.

Bitcoin's price has increased by 12% in the last week, reaching above $95,000 after previously falling to $74,000 earlier in the month. Despite this price increase, some indicators show that traders are being cautious. Specifically, the funding rates, which reflect whether traders are mostly betting on Bitcoin's price going up or down, have turned negative. This means many traders are hedging against potential price declines, even as the price rises. This divergence between price and funding rates suggests the current rally might not last, and a short-term price drop is possible. Bitcoin's price is also near the average price paid by recent buyers, and whether it stays above or falls below this level could determine its next move. A temporary pullback in price, caused by this divergence, could potentially strengthen the market overall by encouraging accumulation and removing weaker investors.

BlackRock, the world's largest asset manager, sees significantly more demand from institutional investors for Bitcoin compared to Ethereum. According to BlackRock's CIO of ETF and Index Investments, Samara Cohen, this is because Bitcoin is viewed as a potential store of value and a portfolio diversifier, while Ethereum's investment thesis is less clear for institutions. BlackRock launched the iShares Bitcoin Trust (IBIT), which became the most successful ETP launch in history, with about half of its holders being self-directed investors, many of whom were buying their first ETP to invest in Bitcoin. Although BlackRock has Ethereum-based ETPs, institutional interest is much lower due to the complexities in evaluating Ethereum's value and a lack of standardized data and metrics in the crypto market generally. BlackRock recommends a 1-2% Bitcoin allocation for investors, noting that going beyond that significantly increases portfolio volatility. Bitcoin is currently trading at $95,120.

Trump Media & Technology Group, the company behind Truth Social, plans to introduce a utility token for use within its platform, starting with Truth Plus subscriptions. The token will be managed through a new Truth digital wallet and could expand to other services within the Trump Media ecosystem. The company is also launching a series of ETFs and separately managed accounts focused on American investments under its Truth.Fi brand, with up to $250 million allocated to this initiative. CEO Devin Nunes highlighted the company's $777 million cash position and pursuit of strategic acquisitions. Despite these announcements, Trump Media's stock (DJT) decreased by 3% on the day and is down 26% for the year. Nunes has raised concerns about potential stock manipulation to the SEC.

BlackRock, the world's largest asset manager, has filed with the SEC to introduce a digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund. These DLT Shares will be exclusively sold through BNY Mellon, which intends to use blockchain technology to track ownership. The offering is aimed at institutional investors, requiring a minimum investment of $3 million. The Treasury Trust Fund invests primarily in highly liquid assets like cash and short-term government securities to maintain a stable $1 per share value and avoids illiquid investments. This move aligns with BlackRock CEO Larry Fink's recent statements on how tokenization could revolutionize finance by speeding up transactions and reinvesting money more efficiently. Other major companies like JP Morgan, State Street, and Franklin Templeton are also exploring blockchain technology for tokenized funds.

Bitcoin's price is currently stable above $94,000, showing signs it may attempt to push higher. It is trading above $94,100 and the 100-hour simple moving average. There was a dip below a bullish trend line around $94,850, but the price has since recovered. If Bitcoin breaks through the $95,500 resistance level, it could potentially rise to $96,500 or even $98,000. However, failure to surpass $95,500 could lead to a decline, with immediate support around $94,500 and major support at $93,850, potentially falling as low as $92,500 or $91,200. Technical indicators suggest bullish momentum with the MACD in the positive zone and the RSI above 50.

The Securities and Exchange Commission (SEC) has delayed making decisions on spot XRP and DOGE exchange-traded funds (ETFs). The decision on Franklin Templeton's spot XRP ETF has been pushed back to June 17, 2025. This delay allows the SEC more time to evaluate the proposed ETF, which aims to track the spot price of XRP with Coinbase Custody as the custodian and trading on the Cboe BZX Exchange. While the SEC could extend the review period further, some analysts anticipate a final decision on the XRP ETF by mid-October. Bitwise's DOGE ETF application has also been delayed, with a decision now expected by June 15. There are over 70 ETF proposals for various altcoins awaiting SEC review, and the agency's cautious approach to crypto ETFs is well-known, as seen with the lengthy approval processes for Bitcoin and Ethereum ETFs.

On April 29, 2025, BlackRock, a major investment firm, purchased 27,537 Ethereum (ETH) for approximately $50 million. Following the announcement, the price of Ethereum increased by over 5%, surpassing $1,830. Trading volume for Ethereum also increased significantly on major cryptocurrency exchanges like Binance and Coinbase. The acquisition is viewed as a sign of growing institutional interest in Ethereum and its potential to become a more mainstream asset.

Cardano has surpassed Ethereum in terms of core developer activity, with 21,439 GitHub commits in the last 12 months across 550 core repositories, compared to Ethereum's 20,962 commits. This increased developer activity has fueled speculation of a potential price rally for Cardano's ADA token, currently trading around $0.70. Analysts predict a possible 100% price increase, targeting a range of $1.20-$1.30. Furthermore, Cardano is pursuing ecosystem partnerships, including potential XRP integration for its Lace Wallet, which could lead to broader utility and improved price performance. Cardano founder Charles Hoskinson predicts that Ethereum will crash in 2040.

Bitcoin's price went above $95,400, showing strength even with economic worries. US stock markets, like the S&P 500 and Nasdaq, also increased by about 0.55%, continuing to recover from earlier concerns about tariffs. However, consumer confidence in the US fell to its lowest point since May 2020, and the number of job openings was lower than expected. An analyst, Jeff Park, warned that the market might be too optimistic and not paying enough attention to potential long-term damage to the US economy from current trade policies. Some crypto-related stocks, such as Coinbase and MicroStrategy, saw modest gains, while Janover experienced a larger increase, possibly due to its involvement with Solana.

Ethereum is experiencing a surge in investor interest, with new capital flowing into the market. Data from Glassnode indicates a 67% increase in Ethereum's Hot Capital over two weeks, reaching $4.34 billion by April 28th, suggesting renewed confidence. This increase may be linked to ETF inflows. However, the 200-day moving average has been trending down since late March. Large Ethereum holders are making significant moves, with one wallet linked to Cumberland withdrawing 27,632 ETH from exchanges, valued at $50.24 million, while another wallet sold 10,511 ETH after previously buying 14,994 ETH. Currently, Ethereum's price is around $1,815.21, up 1.39% in 24 hours, and is approaching a resistance level at $1,829.87. If the price stays above $1,800, it could potentially rise to $1,950 or $2,000, although the market is currently overbought, which may lead to a short-term price dip. The $1,750 level is considered a strong support level.

Dogecoin (DOGE) is currently trading around $0.17 and has increased by 10% in the last week and 11% over the past 14 days. Some analysts believe Dogecoin's price could rise to $0.5 in the next two to three months, based on bullish divergence patterns observed on its chart. If Dogecoin reaches $0.5, a $10,000 investment would be worth approximately $27,530. Becoming a Dogecoin millionaire would require holding around 2 million coins, currently valued at about $360,000. Dogecoin is following a long-term upward trendline that started in 2022-2023. A breakout above $0.20 could signal a larger trend reversal. Dogecoin has recently emerged from a falling wedge pattern, suggesting a potential shift from a downtrend. Investors should be aware that cryptocurrency prices are highly volatile.

Dogecoin has broken out of a Falling Wedge pattern against Bitcoin, a technical signal that suggests a potential price increase for Dogecoin relative to Bitcoin. An analyst noted that this is the third time Dogecoin has broken out of this pattern, with previous breakouts leading to significant rallies. The analyst also points out similarities between the current market conditions and those seen in mid-2024, which preceded a period where Dogecoin outperformed Bitcoin. The analyst suggests that if historical patterns repeat, Dogecoin could soon outperform Bitcoin again, potentially surging from $0.00000173 to $0.0000057 against Bitcoin.

The Trump Organization is partnering with Dar Global to build a $1 billion Trump Tower in Dubai, slated for completion around 2030. A key feature of the project is that it will accept cryptocurrency as payment for its luxury condominium units, which are expected to cost between $1 million and $20 million each. While specific cryptocurrencies haven't been named, Bitcoin is expected to be among them. The project will not involve tokenized real estate or blockchain ownership tracking, focusing solely on using crypto for payment. The Trump Tower Dubai aims to capitalize on Dubai's growing luxury property market and its status as a cryptocurrency hub. Eric Trump is planning to attend a crypto conference in Dubai to promote the project to potential crypto investors.

The Solana-based memecoin $TROLL experienced a rapid surge in value, increasing from a $4.5K market cap to $37 million within nine days, starting on April 20th. This represents a growth of over 60,000%. One investor saw their initial $173 investment grow to $224,000 during this period. As of now, $TROLL has a market cap of $28.3 million with a 24-hour trading volume of $15.2 million, demonstrating continued market activity and community support. The memecoin, based on the Trollface meme, was launched in May 2024 and is considered a community-driven token focused on entertainment and viral internet culture.

Blockstream CEO Adam Back predicts Bitcoin's market capitalization could reach $200 trillion by 2032. He believes this growth will be driven by increased adoption from companies and a broader shift away from traditional currencies. Back's forecast hinges on factors like rising inflation and a lack of faith in government-backed money, with the upcoming Bitcoin halving event in 2028 potentially boosting its price. Other entities like ARK Invest estimate Bitcoin could reach between $500,000 and $2.4 million by 2030. Currently, companies such as MicroStrategy, which holds over 553,000 Bitcoins, are already adding Bitcoin to their balance sheets, signaling a move towards corporate adoption. Back previously stated Bitcoin could reach between $500,000 and $1 million per coin by April 2028.

Bitcoin's price stability between $91,000 and $95,000 in April 2025 occurred despite low stablecoin buying power. Two key indicators, the exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR), showed limited stablecoin support for Bitcoin's price. The ESR decreased throughout April, indicating fewer stablecoins available relative to Bitcoin on exchanges. The SSR increased, demonstrating weaker stablecoin purchasing power compared to Bitcoin's market value. This suggests that Bitcoin's price resilience was primarily driven by ETF inflows and long-term holders reducing selling, rather than new demand from stablecoin buyers. The article highlights that a further price increase beyond $95,000 would likely require additional external buying, like more ETF investments or direct cash inflows, or a significant increase in stablecoin deposits to exchanges.

Cardano (ADA) is currently priced at $0.71. An analyst, Maelius, suggests that after a recent 45% drop from its peak in late 2024, Cardano might be preparing for a significant price increase. The analysis highlights that Cardano has consistently respected a rising trend line since 2020 and that the recent price dip stopped within a demand zone between $0.57 and $0.78, creating a higher low. Cardano's price is above its 50-week exponential moving average, which previously triggered a rally to nearly $1.31. The analyst believes that if Cardano breaks through the demand zone, it could reach $1.50. Resistance levels are expected around $0.81, then at the December 2024 high of $1.31, and potentially up to $1.50.

Bitcoin is trading around $95,000, struggling to break past the $96,000 resistance level. Analysts are cautiously optimistic but warn that failure to hold above $90,000 could lead to a price drop. On-chain data shows a surge in active Bitcoin addresses, reaching over 800,000, indicating increased network activity and potential renewed demand. Overcoming the $96,000 resistance is crucial for further gains, while a drop below $91,000 could trigger a deeper correction. Macroeconomic factors like geopolitical tensions and recession concerns also pose risks to Bitcoin's price.

Bitcoin's price is experiencing upward pressure, currently trading around $94,200, after reaching a high of $95,400 on April 29. This surge follows a significant $1 billion investment into BlackRock's Bitcoin ETF, the largest single-day inflow since its launch, signaling strong institutional interest. Analysts predict that if this momentum continues, Bitcoin's market capitalization could surpass $2 trillion in the second quarter of 2025. This positive trend is occurring alongside weak U.S. labor data, potentially prompting the Federal Reserve to implement expansionary monetary policies that historically benefit Bitcoin. Standard Chartered analysts maintain a $120,000 price target for Bitcoin by the second quarter of 2025, citing increased institutional adoption and a fragile macroeconomic environment. Technically, a sustained price above $95,000 could push Bitcoin towards $98,500, while a drop below $88,979 might lead to a fall towards $79,400.

Amazon Web Services (AWS) and Microsoft are reportedly slowing down their investments in building new AI data centers. This is because the traditional, centralized way of building and running these data centers is proving to be inefficient and difficult to scale quickly enough to meet the growing demand for AI. Kai Wawrzinek, co-founder of Impossible Cloud Network, suggests that a decentralized approach, using blockchain technology, could be a better solution. He argues that this approach can deploy resources more efficiently without requiring massive upfront investments and can adapt faster to changing needs. Companies like Aethir and 0G Labs are already demonstrating that decentralized AI development can be both feasible and profitable. The article highlights that China's DeepSeek has shown that advanced AI models can be created with significantly less hardware than previously thought, suggesting a need to rethink the current data center model.

Bitcoin is showing strong upward momentum, potentially achieving its best weekly gain in 2025. It's currently trading around $94,846 and analysts predict a possible 15% surge could push it above $109,000 if current conditions persist. High volumes of large transactions, particularly from major investors, indicate growing confidence in Bitcoin's potential. Open interest in Bitcoin futures has increased, suggesting more traders are using leverage, which could amplify price swings. Factors like the upcoming Bitcoin halving and strong inflows into Bitcoin ETFs are supporting the bullish trend. Bitcoin reserves on exchanges are decreasing, which often leads to price increases. The cryptocurrency recently broke out of a consolidation phase and reclaiming $95,000 could signal a near-term target of $98,000, with longer-term targets potentially reaching $109,300.

Bitcoin's price is rising, driven by significant investment from institutions. BlackRock's Bitcoin ETF experienced a record $1 billion inflow in a single day, pushing Bitcoin's market capitalization close to $1.9 trillion. Analysts predict Bitcoin could reach a $2 trillion market cap soon, with some forecasting a price of $120,000 by Q2 2025. This increased institutional interest coincides with weak U.S. economic data, potentially leading to Federal Reserve rate cuts, which historically benefit Bitcoin. Bitcoin is currently trading around $94,200 and faces short-term resistance near $98,500. Continued institutional investment could lead to further price increases, while a drop below $88,979 could cause a price decrease.

Pundi AI, a platform that combines artificial intelligence and blockchain, has been accepted into NVIDIA's Inception program, which supports AI startups. This will give Pundi AI access to tools, training, and support from NVIDIA. Pundi AI provides services like data management and a marketplace for AI data. The benefits of joining the program include discounts on hardware, cloud computing credits, and learning resources. Pundi AI's CEO stated this partnership is a step towards creating 1 million AI jobs globally. Following the announcement, Pundi AI's token value increased by 30% to $0.15957.

In an interview at Paris Blockchain Week 2025, Dimitar Stalimirov from Nexo discussed the company's strategy to broaden its appeal and services. Nexo is moving beyond being just a crypto exchange to offer a wider range of financial products related to digital assets, aiming to become a more comprehensive financial platform. A key part of this strategy involves engaging with clients through new channels, including sports sponsorships, particularly in tennis, to connect with their target audience beyond just financial services. Nexo aims to build brand awareness and engagement through these partnerships, responding to client feedback and becoming more relatable. Despite market fluctuations and regulatory challenges, Nexo is focused on compliance and providing a good user experience, viewing the current market conditions as a potentially good time to enter the market.

ProShares is aiming to launch its XRP futures-based exchange-traded fund (ETF) on May 14, according to a recent update filed with the U.S. Securities and Exchange Commission (SEC). This follows earlier confusion stemming from reports that incorrectly suggested an April 30 launch. The current filing is a procedural update and doesn't guarantee final SEC approval. Besides futures-based ETFs, the SEC is also reviewing applications for actual XRP ETFs from companies like ProShares, Franklin Templeton, Bitwise and Grayscale. A final decision on Franklin Templeton's XRP ETF proposal has been extended to June 17, while decisions on other cryptocurrency-related ETF proposals may come in the fourth quarter of the year. The SEC must make a final decision on ETF proposals within 240 days of their official publication. Market observers are anticipating decisions on XRP ETFs potentially around mid-October.

The SEC has postponed decisions on five applications for crypto ETFs, including those related to Solana, XRP, Hedera, Dogecoin, and Ethereum. Bloomberg analysts anticipated these delays and expect final rulings to be made around October 2025 or later. The SEC decisions follow a process involving several deadlines after a filing is published. The final decision dates for these ETFs range from October to November 2025. These delays allow the SEC more time for evaluation without outright rejecting the applications.

Chainlink (LINK) is currently trading around $15, with investors watching for a potential breakout above the $16 resistance level. The price has increased over 50% from its April lows. A technical indicator called the SuperTrend has flashed a buy signal on Chainlink's daily chart, suggesting a possible bullish trend reversal. Successfully breaking above and holding $16 could lead to further gains. Failure to hold above $14 could cause a price decline towards $12 or $10. Macroeconomic conditions, including US-China trade tensions, add caution to the bullish outlook. Chainlink has been trading between $10 and $16 since March. The 200-day moving average and exponential moving average in the $16-$17 range act as resistance.

Binance, the largest cryptocurrency exchange, is directing users experiencing problems with failed transactions, disappearing balances, and stalled activity when using the Binance Wallet to interact with Kamino Finance, a decentralized finance protocol on the Solana blockchain, to seek assistance from Kamino Finance directly. Users have reported issues with token swaps and liquidity transactions that are unsuccessful without refunds. Binance claims the high failure rate is due to issues within the Kamino Finance decentralized exchange and that they have contacted Kamino. However, some users argue that the problem isn't solely Kamino's fault, citing similar issues with other tokens and discrepancies in Binance's customer service responses, suggesting a potential problem with the Binance platform itself.

Dogecoin's price has increased by 6.24% over the past week, reaching $0.180. However, it's currently experiencing a pullback after hitting the upper Bollinger Band, suggesting a possible short-term price decrease. Despite this, large Dogecoin holders, known as whales, have been actively accumulating more coins. Historically, Dogecoin has shown strong growth in May, with an average increase of 23%. If this pattern continues, Dogecoin could potentially reach $0.20 and even move towards $0.30. Currently, Dogecoin is trading at $0.1792, up 0.69% in the last 24 hours, with a trading volume of $1.04 billion. To rally, Dogecoin needs to break resistance at $0.182 and $0.1972. Investors are holding onto their assets, hoping for a price surge in May based on historical trends.

The likelihood of the SEC approving a Cardano (ADA) ETF by the end of 2025 has significantly increased to 70%, up from 20% earlier in the year, according to Polymarket. This rise is attributed to growing institutional confidence, evidenced by Grayscale increasing its ADA holdings in its Digital Large Cap Fund to over $11 million. Additionally, large holders acquired over 180 million ADA tokens in March. Cardano's integration with BitcoinOS, which facilitates Bitcoin DeFi operations, is a key factor driving ETF speculation. Analysts predict ADA's price could potentially reach around $3, a substantial increase from its current price of approximately $0.7054. One analyst anticipates ADA could gain 20-100% against Bitcoin within the next 4-6 weeks.

Dogecoin's price briefly dipped to $0.174 but analysts remain optimistic, suggesting a potential rally towards its all-time high of $0.74. Overcoming the $0.20 resistance level is crucial; a monthly close above it could signal a strong move towards $0.74, potentially attracting more investors. Failure to break above $0.20 could lead to a decline with support at $0.065. Another analyst points out that Dogecoin has established a low at the 0.382 Fibonacci level, and the weekly Relative Strength Index (RSI) indicates long-term strength. A confirmed Stoch RSI cross on the weekly time frame, along with a pending cross on the 2-week time frame, suggests a favorable risk-reward ratio, although a potential pullback is possible.

Ethereum's price has increased by 10% over the past week, but technical indicators suggest the upward trend may be weakening. The Average Directional Index (ADX) shows a decline, indicating less trend strength. Bullish pressure has decreased while bearish pressure has increased, raising the possibility of a price decrease if buyers don't maintain key levels. The Relative Strength Index (RSI) has rebounded to 56 after a recent drop, suggesting a slight return of buyer control. Ethereum is currently facing resistance at $1,828. A break above this level could lead to targets of $1,954, $2,104, and potentially $2,320. Conversely, failure to hold current levels could see Ethereum fall to support levels at $1,749, $1,689, $1,537, and $1,385.

Tether has announced that its Tether Gold (XAUT) stablecoin is backed by $770 million in physical gold bullion stored in Swiss vaults. Each XAUT token represents one ounce of gold from the London Bullion Market Association (LBMA). As of April 28th, the gold backing the token totaled 7.7 tons, valued at $3,100 per ounce, resulting in the $770 million market capitalization. Tether says the increase in value reflects global economic uncertainties and gold's traditional role as a reliable store of value. The company aims to provide investors access to gold through the XAUT token, offering a digital form of gold that is inflation-resistant, while ensuring transparency through regular audits and certificates to verify the one-to-one backing of tokens with physical gold.

The TON network is seeing increased investment and may experience a shift towards bullish sentiment. The TON/USD pair needs to break through key resistance levels to start a new bull rally. TON's integration with Telegram is attracting new users, and its price movement is not strongly correlated with Bitcoin, making it a potential alternative altcoin. Currently, only 20% of TON holders are in profit, suggesting a possible upcoming bullish trend. TON's price has been in a downtrend, but it might have bottomed out and could potentially rise towards a range between $4.6 and $7.2 if bullish sentiment increases. The TON network has a total value locked of about $138 million and a stablecoin market cap of about $1 billion, with expectations of further growth supported by venture capital and liquidity expansion.

Former Congressman Patrick McHenry anticipates significant legislative activity regarding cryptocurrency this summer. He highlighted the importance of establishing clear legal frameworks for the crypto industry, emphasizing that these laws would offer better protection than temporary regulatory measures. A key point of contention revolves around stablecoin regulation, particularly between Circle (USDC) and Tether (USDT), concerning the treatment of non-U.S. issuers. McHenry believes a compromise will allow Tether to operate with U.S. investors without disrupting its international presence. Rostin Behnam, former CFTC chief, cautioned that even after Congress passes crypto legislation, regulatory agencies will require substantial time to implement the new rules, potentially taking over a year. He noted the continuous activity of the crypto industry despite the absence of federal regulation.

US Commerce Secretary Howard Lutnick stated the US government, under President Trump, aims to treat Bitcoin as a commodity like gold or oil, not as a currency. This signals a shift from previous administrations. The government is launching an investment accelerator program to assist Bitcoin mining companies by helping them navigate regulations and build their own power sources to reduce costs. Lutnick emphasized the administration's commitment to supporting the Bitcoin industry's growth in the US, aiming to make America a leading hub for Bitcoin innovation and infrastructure and integrating Bitcoin into national economic reports, similar to how gold is currently tracked.

The SEC has postponed decisions on several crypto ETFs, including those related to Ethereum, Ripple, and Dogecoin. These delays are due to regulatory hurdles and could potentially slow down the adoption of these cryptocurrencies by institutions and affect their market prices. Analysts believe these delays are standard procedure and still expect approvals, potentially around October 2025 or later. The SEC's caution is causing frustration among investors seeking clear guidance on crypto investments. Bloomberg analysts anticipate potential approvals in late June or early July, following the Grayscale GDLC conversion. 21Shares has filed for a Dogecoin ETF, seeking to list it on Nasdaq, but the SEC's delays are also affecting this application, with resolution expected in Q3 or Q4 2025. Approving a DOGE ETF could legitimize Dogecoin beyond its meme coin status and attract institutional investment.

The UK is developing new cryptocurrency regulations with the goal of fostering its Web3 industry while protecting consumers. These regulations are being created in consultation with US regulators, including Scott Bessent. The UK Treasury emphasizes a commitment to cracking down on illicit activities within the crypto space. While the US is showing interest in easing crypto regulations, the UK appears to be taking a more cautious approach, focused on balancing industry growth with consumer protection. The UK government plans to release an actionable plan for updating crypto regulations by July.

Trump Media and Technology Group, the parent company of Truth Social, is exploring the possibility of launching its own cryptocurrency token and a digital wallet. The company intends to use the token within the Truth Social ecosystem, potentially for things like subscriptions to its Truth+ streaming service. This move follows the Trump family's increasing involvement in the crypto space, including NFT projects and a partnership with World Liberty Financial (WLFI), which backs the USD1 stablecoin. The USD1 stablecoin has a circulating supply of over $136 million and recently received $25 million in funding. Since Donald Trump has been in office, US regulators have begun to change their policies around digital assets which is creating anticipation among those who are interested in cryptocurrencies.

Solana's price chart currently shows a potential bullish pattern called a 'cup and handle,' suggesting a possible upward price movement. The key resistance level to watch is around $220. If Solana breaks through this level, projections indicate a potential price increase to the $400-$600 range in the coming months. However, shorter-term analysis reveals some risks, including a rising wedge and head and shoulders pattern forming, which could lead to a short-term decline toward the $131-$133 area. The current price of Solana is around $149.09, with a trading volume of $3.08 billion. For a longer-term breakout above $220, increased market participation and capital infusion are crucial.

Adam Back, CEO of Blockstream, predicts Bitcoin's market capitalization could reach $200 trillion by 2032, driven by companies adding Bitcoin to their reserves. Back also anticipates Bitcoin reaching between $500,000 and $1 million per coin within the current halving cycle, before April 2028. MicroStrategy currently holds over 553,555 BTC, indicating growing institutional adoption. While Bitcoin's current market value is around $1.3 trillion as of April 2025, Back believes it will surpass traditional assets like real estate and equities. ARK Invest also issued a forecast putting the price between $500,000 and $2.4 million by 2030 depending on adoption rates. Currently, Bitcoin is trading at $95,196, showing a slight increase in the last 24 hours.

Ethereum's price is showing signs of a potential recovery, having broken a market structure after buyers regained control around the $1,500 level. After briefly dropping to $1,415 earlier in the month, strong buying interest prevented further decline and initiated a shift towards bullish behavior. Ethereum is currently approaching the $1,900 resistance, which aligns with the 50-week moving average; a weekly close above this level could signal further upward movement. If Ethereum surpasses $1,900, analysts suggest potential targets of $2,800 and $4,400. A fair value gap exists between $1,900 and $2,800 on the daily chart, which needs to be filled for a more sustainable rally. Currently, Ethereum is trading at $1,830.

Bitcoin's price has recently increased, but some indicators suggest a potential downturn. Short-term demand for Bitcoin is weakening, with onchain data showing a 30-day demand falling. This negative demand momentum is attributed to profit-taking and market uncertainty, with short-term holders distributing more Bitcoin than long-term holders are accumulating. Recently, miner reserves have decreased by 943 BTC, worth approximately $850 million. Despite these bearish signals, whale activity and institutional inflows are showing positive trends, with the emergence of new wallets holding over 1000 BTC. Institutional products recorded $3.4 billion in inflows in seven days, and altcoins are also experiencing gains.

President Trump is planning to ease the 25% tariffs on foreign-made vehicles and parts for automakers with US factories. The proposal allows companies to claim credits on import taxes based on sales volume and retail prices for two years, giving them time to adjust their supply chains. Parts made in Canada and Mexico under existing trade rules will remain exempt. The plan comes after Trump imposed the tariffs in March to boost domestic manufacturing, a move that initially caused a sales spike but later forced manufacturers to rethink their production. Automakers can claim an offset on parts tariffs worth up to 3.75% of a vehicle's suggested retail price in the first year, falling to 2.5% in the second year. Cars with at least 85% of their parts made in the US, Canada, or Mexico will initially avoid the 25% duty, rising to 90% in year two. Automakers like General Motors, Ford, and Stellantis have welcomed the softened stance, expressing gratitude for the president's support of the US auto industry.

The Trump administration is aiming to pass laws about stablecoins and the broader crypto market structure before Congress takes its August 2025 recess. Bo Hines, from the President's Council of Advisors on Digital Assets, said these laws will form the basis of a new regulatory framework for digital assets in the U.S. The administration plans a three-phase approach: first, reverse previous regulations seen as unfriendly to crypto; second, focus on new laws and policy; and third, integrate blockchain technology into the financial system. Also, the administration is working to create a Strategic Bitcoin Reserve, aiming to acquire Bitcoin without increasing the tax burden. They are considering various methods, including revaluing gold certificates and using government-held energy assets. The U.S. sees Bitcoin as digital gold and intends to accumulate as much as possible. National stockpiles of other digital assets are also being developed.

Trump's social media platform, Truth Social, is exploring the possibility of launching its own cryptocurrency. This digital token could potentially be used within the Truth Social ecosystem, initially for paying for Truth+ subscriptions and potentially expanding to other products and services. Trump Media & Technology Group also mentioned considering launching exchange-traded funds (ETFs) that combine traditional stocks with cryptocurrencies. News of the potential crypto launch had a negligible impact on the company's stock price, with a slight decrease of 0.52% in after-hours trading.

Nasdaq has filed a request with the SEC to list a spot Dogecoin ETF managed by 21Shares. This ETF would track the price of Dogecoin, a cryptocurrency currently ranked 8th largest with a market cap of $26.6 billion. The proposed ETF will be a passive investment product, meaning it aims to mirror Dogecoin's performance without using leverage or derivatives. Shares would be created and redeemed in blocks of 10,000 through cash transactions. Nasdaq believes its surveillance agreements will help prevent market manipulation. 21Shares has partnered with House of Doge to market the fund. If approved, this would be the first ETF to track a meme coin. The filing comes amid increased interest in altcoin ETFs, with other firms seeking approval for ETFs linked to Solana, XRP, Litecoin, Cardano, and TRUMP.

The Pepe meme coin is showing signs of a potential price increase due to rising demand for meme coins and a recovering Bitcoin price. On-chain data indicates a significant rise in large Pepe transactions, with a $430 million increase in the last week. Pepe's price has established a support level around $0.0000057, and technical indicators like the Relative Strength Index and MACD suggest positive momentum. The total crypto Open Interest has also increased significantly. Pepe's price has shown a strong correlation with Bitcoin's price movements, leading to speculation that it could rally towards a new all-time high.

FTX, the bankrupt cryptocurrency exchange, is suing NFT Stars and Delysium to recover digital tokens it claims it's owed. FTX alleges NFT Stars failed to deliver over 831,000 SENATE tokens and 83 million SIDUS tokens after receiving $325,000 in November 2021. The lawsuit against Delysium concerns 75 million AGI tokens, which FTX states it purchased rights to for $1 million in January 2022 through Alameda Ventures but never received due to changed vesting terms. FTX is pursuing legal action after its attempts to communicate with the companies were ignored. These lawsuits are part of FTX's broader effort to recover assets to repay creditors, with the company already beginning disbursements on February 18, 2025, and another round scheduled for May 30, 2025. FTX estimates it will recover between $14.7 billion and $16.5 billion, potentially allowing creditors to receive an average of 119% of their claims.

Sui meme coins are becoming popular as the SUI ecosystem grows, with SUI DEX volume increasing significantly. Five meme coins are highlighted: Sonic Snipe Bot (SONIC), LOFI, MEMEFI, MIU, and Fud the Pug (FUD). SONIC has increased by 27% over the past week and its market cap is around $1.7 million. LOFI is down over the past week, which could be due to weaker investor interest. MEMEFI, a Telegram-based game, is up 353% over the past week but has recently pulled back. MIU is the largest SUI meme coin with a market cap of $68 million, increasing 16.7% over the past week. Fud the Pug (FUD) has a market cap of $3.8 million and is up 41% over the past week.

Cboe Global Markets has launched trading of Cboe FTSE Bitcoin Index futures (XBTF), which are cash-settled and based on the FTSE Bitcoin Reduced Value Index (XBTF Index), representing 1/10th the value of the FTSE Bitcoin Index. These futures, settled in cash on the last business day of each month, offer another tool for market participants to manage Bitcoin exposure and risk without physical delivery of Bitcoin. Cboe emphasizes that XBTF futures are cleared through OCC, similar to their existing Bitcoin U.S. ETF Index options (CBTX and MBTX), enabling more advanced trading strategies. Liquidity providers like Barak Capital and Prime Trading, LLC, are supporting the new futures, with Prime Trading expressing enthusiasm about facilitating a best-in-class trading experience.

The UK is introducing new regulations for crypto firms offering services like staking and stablecoins. The goal is to regulate crypto exchanges, dealers, and custodians under the Financial Conduct Authority (FCA), similar to traditional financial institutions. Companies dealing with crypto in the UK will need authorization, regardless of their location, to serve UK clients. The new rules establish categories for cryptoassets, including stablecoins, and require authorization for activities such as issuing stablecoins, custody, operating trading platforms, dealing in crypto, arranging crypto transactions, and staking services. Firms that don't get authorized will have two years to wind down their UK operations. The new rules will also affect crypto promotions and anti-money laundering (AML) compliance, aligning them more closely with traditional finance. The final legislation is expected soon, with ongoing talks with the U.S. to coordinate on digital securities.

According to analyst Dan Gambardello, Ethereum (ETH) is showing signs of a potential trend reversal that could push its price towards $3,450. Gambardello notes that bulls currently have the upper hand, with momentum oscillators starting to flip bullish. He also highlights significant whale accumulation of Ethereum, comparing current inflow charts to patterns seen at previous market bottoms. Ethereum is approaching a multi-year symmetrical triangle pattern, with the $2,700-$2,800 range acting as a key resistance zone. Gambardello suggests that a breakout from this pattern, followed by a return to test the broken pattern, would be extremely bullish for ETH and the broader altcoin market. He also observes that altcoin market charts display similarities to previous major lows, with momentum indicators at levels comparable to the COVID low, indicating a bottoming situation.

U.S. Treasury Secretary Scott Bessent stated that individual investors are maintaining their positions and trust President Trump's trade policies, despite market volatility caused by tariffs. This contrasts with institutional investors who reportedly panicked and took bearish positions. President Trump believes the tariffs will ultimately benefit the U.S. economy by encouraging domestic production and job creation. However, the tariffs led to market sell-offs, with the S&P 500 briefly entering a bear market and is now 10% off its February high. While the market initially rebounded after a tariff pause announcement, concerns remain about a potential recession. Some economists predict a summer recession due to trade-related shortages. The U.S. dollar has lost about 9% of its value since Trump's inauguration. Data indicates Trump's tariffs are contributing to an economic slowdown, with surveys suggesting an 'existential crisis' for businesses.

A proposed update to Bitcoin Core, the software used by most Bitcoin nodes, is causing concern among developers. The update affects how transactions are shared across the network and could potentially allow large amounts of non-Bitcoin data to be added to the blockchain, leading to slower transaction processing and making it harder for individual users to maintain nodes. One developer suggests using Bitcoin Knots, a stricter version of the software, instead, and calls on mining companies to reject the update. Another developer suggests a soft fork that could prevent junk data from being pushed onto the blockchain by creating new rules that require a computational cost. The debate coincides with increased institutional investment in Bitcoin, such as MicroStrategy's recent purchase of 15,355 BTC for $1.42 billion, raising concerns about centralization of control over the network.

Ethereum is currently trading around $1,800 and is in a period of consolidation, with analysts watching for a potential breakout against Bitcoin. A key resistance level to watch is around 0.02 BTC, as a break above this could signal a shift where Ethereum leads a decline in Bitcoin's dominance and increases interest in other cryptocurrencies. However, failure to hold the 0.0185 BTC level could mean the downtrend continues. Ethereum needs to break above the $1,850 level and ultimately reclaim the $2,000-$2,100 range to establish a more sustainable recovery. If Ethereum fails to hold the $1,750-$1,800 range, it could fall towards $1,500-$1,600.

The approval of a spot XRP ETF in the U.S. is anticipated, with a potential decision deadline around mid-October, specifically October 18th, according to ETF expert James Seyffart. However, the SEC could decide sooner depending on their engagement with applications. The SEC has delayed Franklin Templeton's XRP ETF filing decision to June 17th. Polymarket predicts a 78% chance of XRP ETF approval by 2025. Brazil has launched the world's first XRP ETF, XRPH11, managed by Hashdex and Genial Investimentos, which may influence the SEC's decision in the U.S.

Bitcoin's price increased by 1% to around $95,400, approaching $96,000 for the first time since February. Bitcoin Cash saw a significant gain, rising by 6.3%. Crypto stocks showed moderate gains, with Coinbase up 0.9% and MicroStrategy up 3.3%. Janover continued its upward trend, increasing by 16%. The S&P 500 and Nasdaq both rose by 0.55%. Concerns are rising that the market is not fully acknowledging economic data suggesting a slowdown due to tariffs. Consumer confidence has dropped to levels not seen since 2020, and job openings have decreased. A trade deal with an unspecified country was announced, but it still needs ratification. An analyst from Bitwise warned that the market might be overlooking the long-term implications of tariffs on U.S. creditworthiness, suggesting that a potential Fed rate cut might not address the fundamental challenges.

The US Senate is expected to vote on the GENIUS Act, a bill designed to regulate stablecoins like Tether's USDT and Circle's USDC, before May 26th. Senate Majority Leader John Thune has reportedly informed GOP Senators of the upcoming vote. The bill is expected to receive bipartisan support and could be the first major piece of crypto legislation in the US. Tether is closely monitoring the bill's progress, as they plan to launch a stablecoin specifically for US clients pending regulatory clarity. Circle, the issuer of USDC, recently delayed its IPO plans due to global market conditions but has acquired a license to operate in Abu Dhabi.

Strategy, led by Executive Chairman Michael Saylor, has acquired an additional 15,355 Bitcoin tokens for approximately $1.42 billion. This purchase, made at an average price of $92,737 per Bitcoin, significantly increases Strategy's total Bitcoin holdings to 553,555, valued at around $52 billion. The company's total investment in Bitcoin is now nearly $38 billion, resulting in an unrealized profit of about $14 billion. Strategy's Bitcoin holdings far exceed those of other publicly traded companies. An analysis has indicated that Strategy tends to make its largest Bitcoin purchases towards the end of each month, with this latest acquisition following a similar pattern observed in February and March.

Solana (SOL) has reached a milestone of over 400 billion transactions, and its price recently exceeded $150. However, its price momentum has slowed down. The price is currently around $145.59, which is a key support level. If the price falls below this level, it could potentially drop further to $133.82 or even $123.46. On the other hand, if buyers step in and increase the buying pressure, the price could rise again and test resistance around $157. A break above $157 would likely lead to a move towards $180. On-chain activity is robust, with decentralized exchange volume significantly increasing. Since early 2023, SOL has seen a large price increase and its ecosystem has expanded.

The UK has released a draft law to regulate digital asset firms, aiming to treat them like traditional financial institutions with requirements for transparency, customer protection, and operational strength. This is in response to a rise in crypto ownership among UK adults, increasing from 4% in 2021 to 12% currently, which has raised concerns about fraud and scams. The goal is to boost investor confidence and attract investment in fintech innovation. Meanwhile, in the US, Congress is working on stablecoin regulations, with the Senate Banking Committee and the House Financial Services Committee advancing their respective bills. Discussions are underway between the UK and US to align regulations, including a potential transatlantic sandbox for digital securities. The EU is further ahead with its Markets in Crypto-Assets (MiCA) framework, which sets clear rules for crypto operations across EU countries. The UK hopes its draft law will enable it to compete in the digital finance sector and attract key crypto businesses.

Pfizer's CEO, Albert Bourla, stated that proposed tariffs on imported medicines by the Trump administration are hindering the company from making further investments in U.S. factories and research labs. Bourla emphasized the need for certainty regarding tariffs before committing to new projects. The company is closely monitoring spending and investments due to the uncertainty. While a global minimum tax of 15% hasn't made the U.S. more attractive, potential tax cuts on domestic production could incentivize investment. Despite these trade uncertainties, Pfizer maintained its full-year financial forecast and has a team in place to manage potential tariff impacts. Existing tariffs are estimated to cost the company $150 million, but the company is still trending toward the higher end of its $61 billion to $64 billion sales target for 2025.

Base, a layer 2 blockchain, has achieved Stage 1 decentralization by implementing fault proofs and establishing a decentralized Security Council. Fault proofs allow anyone to challenge claims about Base's status, and the Security Council, comprised of Base, Optimism, and 10 independent entities, must approve contract upgrades with a 75% consensus. This moves Base beyond a centralized model, reducing reliance on single entities for verification and governance. According to L2Beat, Base is now the 10th of 62 rollups tracked to reach at least Stage 1 decentralization. The first fault proofs were deployed on Base's mainnet in October 2024 and it uses the OP Stack Fault Proof System, which lets users take their funds off Base and put them on the Ethereum mainnet without needing permission. Base is working towards Stage 2 decentralization, where no group can alter the network's state except in predefined bug protocols, and aims to give the Security Council tools to detect and fix system issues independently.

The UK is introducing new regulations for cryptoassets to protect consumers from fraud and high-risk platforms. Crypto firms dealing with assets like Bitcoin and Ethereum will face stricter standards similar to traditional finance, including transparency, consumer protection, and operational stability rules. This is due to a significant increase in crypto ownership in the UK. The UK also plans to collaborate with the U.S. on crypto regulation and innovation, potentially creating a shared testing environment for digital securities. The UK government will release its Financial Services Growth Strategy on July 15, prioritizing fintech, and aims to finalize crypto legislation by the end of 2025 after further industry consultations.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton's application for a spot XRP exchange-traded fund (ETF). The SEC announced it will now decide by June 17, 2025, whether to approve or reject the XRP spot ETF. This extension allows the SEC more time to evaluate the proposal, initially filed on March 19, 2025, which seeks to list and trade shares of the Franklin XRP Fund. While investor demand for crypto ETFs is high, the SEC's cautious approach includes delaying rulings on Ethereum staking and Dogecoin ETFs as well. Bloomberg ETF analyst James Seyffart expects further delays on Solana and Hedera ETF filings, with final decisions likely in October 2025 or later.

Coinbase's Base network has achieved Phase 1 decentralized status, according to the Ethereum Foundation. This upgrade means anyone can now help secure the Base chain by verifying transactions, which helps protect against fraud. Base is a layer-2 network built on top of Ethereum designed to make transactions faster and cheaper. This improvement places Base alongside other chains like Arbitrum and Optimism that have also achieved this level of decentralization. Base is a popular network with over 642,000 daily active users, with significant value locked and stablecoin liquidity exceeding $2.96 million and $3.8 billion respectively. With this upgrade, Base is also planning to implement a decentralized council for network upgrades, further increasing its autonomy. The chain is also gaining popularity for decentralized finance (DeFi) and trading activities.

Ripple's stablecoin, RLUSD, has surpassed $300 million in market capitalization, reaching $317.05 million. This makes it the 12th largest stablecoin. RLUSD maintains a 1:1 peg to the U.S. dollar, and has been integrated into Aave's V3 Ethereum Core market, allowing users to lend and borrow the stablecoin. Ripple recently burned 12 million RLUSD tokens to increase demand. Ripple aims to establish RLUSD as a major player in the stablecoin market, with the CEO predicting it could become a top-five stablecoin by the end of 2025. In related news, the SEC has delayed its decision on Franklin Templeton's proposal for a spot XRP ETF, and ProShares will not launch an XRP ETF on April 30.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the Bitwise Dogecoin ETF until June 15, 2025. The SEC stated it needs more time to consider the proposed rule change. This delay comes amidst expectations from some analysts that the SEC may approve multiple spot crypto ETFs around late June or July. The price of Dogecoin has recently increased, trading around $0.179, and some analysts predict it could rally towards its all-time high of $0.74 if it closes above $0.20 this month.

A recent report indicates that North America is now the dominant region for Bitcoin mining, contributing 82.5% of the global mining power, with the United States alone accounting for 75.4%. The use of renewable energy sources in mining operations has increased to 52.4%, combining renewables and nuclear, compared to 37.6% in 2022. While the Bitcoin network's annual electricity consumption has risen by 17% to 138 TWh, improvements in mining equipment efficiency have also been noted. Electricity costs represent the majority of miners' operational expenses. The Bitcoin mining industry's greenhouse gas emissions are estimated at 39.8 million metric tons of CO annually. The mining hardware market is largely controlled by Bitmain, holding 82% of the market share. The U.S. mining sector contributes significantly to the economy, generating over 31,000 jobs and adding more than $4.1 billion in gross product annually. The report acknowledges ongoing challenges for the mining industry, including regulatory uncertainty and energy price volatility, leading some miners to diversify into areas like AI and energy innovation.

Ethereum's price is showing positive signs, potentially aiming for $2000. This is driven by increased buying activity and positive market sentiment. More Ethereum is being moved off exchanges into personal wallets, suggesting investors are holding for the long term rather than selling. Ethereum-related investment funds have seen significant inflows of money. Ethereum's use in decentralized finance (DeFi) is also growing, with increased activity and value locked in its network. Currently, Ethereum is trading around $1,826. If the price holds above $1,802, it might push towards $1,950 and potentially even higher to $2,100 or $2,500. However, if it falls below $1,802, it could drop to $1,560.

The article discusses the evolution of blockchain infrastructure and the challenges faced by developers in accessing multiple blockchains. Previously, projects had to run their own nodes, which was complex and expensive. Node service providers emerged, but they often specialized in only a few blockchains, leading to increased complexity and costs for dApps needing multi-chain functionality. dRPC introduced a distributed access layer connecting to over 100 chains through a network of providers competing in real-time based on performance. This offers developers a single integration point, improved reliability, and transparent pricing. dRPC also launched NodeHaus, an infrastructure dashboard providing real-time visibility into both read and write activities on blockchains. This helps foundations and dApps optimize infrastructure based on actual user behavior. The shift towards solutions like dRPC and NodeHaus indicates a need for predictable, transparent, and high-performance infrastructure in the Web3 space.

SoFi plans to re-enter the cryptocurrency business, aiming for a larger presence than before. The company previously halted its crypto services in 2023 to secure a bank charter. CEO Anthony Noto stated that new regulatory guidance allows SoFi to offer crypto investing again by the end of the year. SoFi intends to integrate blockchain technology across its products within the next two years, potentially offering crypto payments and crypto-backed lending.

According to a New York Times report, World Liberty Financial, a crypto company linked to Donald Trump, allegedly sought secret payments from crypto startups in exchange for associating with Trump, demanding $10 to $30 million. Despite rejections, the company reportedly generated over $550 million through coin sales. After Trump's return to power, World Liberty's crypto holdings benefited from presidential decisions, such as the announcement of a national crypto stockpile. Overseas investors, including those under US government investigation, invested in World Liberty, with one case reportedly pausing after an executive invested millions. Trump's family business owns a majority stake in World Liberty and receives a significant portion of revenue from coin sales. Investment in World Liberty's coins surged after Trump's second election win, with buyers coming from Singapore, South Korea, Hong Kong, and the UAE. Justin Sun, facing SEC charges, invested $75 million in World Liberty's coin, after which the SEC requested a freeze on Sun's case. Five startups reportedly made deals with World Liberty without public disclosure. Following Eric Trump's investment advice on X, President Trump announced the US Crypto Reserve, boosting the price of Ether and briefly increasing the value of World Liberty's Ether holdings by $33 million.

The Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton's proposed XRP spot ETF until June 17th. This delay also affects Bitwise's Dogecoin ETF and an Ethereum staking ETF. While this might seem negative, analysts anticipated these delays and suggest the SEC could further postpone decisions on various crypto ETFs until mid-October. The SEC's caution stems from the need to carefully consider the impact of these precedent-setting decisions and avoid potential market instability and criticism regarding its neutrality in crypto regulation. Although a final decision could take until October, the SEC might approve an XRP ETF sooner depending on various factors.

Crypto analyst Crypto Paradise predicts that XRP's price could drop to $1.6, suggesting a bearish trap. He points to a rising wedge pattern and views the recent upward trend as a retracement within a larger bearish trend. He suggests a short opportunity if XRP bounces and shows bearish patterns between $2.4 and $2.5, but this is invalid if the price breaks above that zone. Conversely, analyst Ali Martinez sees XRP breaking out of an inverse head and shoulders pattern, with a potential rise to $2.70-$2.90. Analyst Joe also views XRP as bullish, citing a confirmed inverse Head and Shoulders breakout, bullish wedge breakout, and key resistance becoming support. Currently, XRP is trading around $2.28, showing a decrease in the last 24 hours.

The crypto market is closely watching the upcoming release of the Personal Consumption Expenditures (PCE) inflation data, a key metric the Federal Reserve uses to make decisions about monetary policy. The report is for March, and forecasts suggest a potential decrease in inflation. Core PCE inflation is projected to be 2.6%, down from February's 2.8%, while headline PCE inflation is expected to be 2.2%, a decrease from 2.5% the previous month. If the PCE inflation readings meet these expectations, it could positively impact the crypto market, as it would increase the likelihood of the Federal Reserve reducing interest rates. Lower rates typically make riskier assets like cryptocurrencies more attractive to investors. Conversely, higher-than-expected inflation figures could negatively impact crypto prices.

Nasdaq has applied to the U.S. Securities and Exchange Commission (SEC) for permission to list and trade shares of the 21Shares Dogecoin ETF. The ETF aims to track the performance of Dogecoin as measured by the CF DOGE-Dollar U.S. Settlement Price Index, adjusted for expenses. 21Shares U.S. LLC will be the sponsor, a Maryland trust company will be the trustee, and Coinbase Custody Trust Company will hold the Dogecoin. The ETF will be a passive investment vehicle, meaning it won't actively trade Dogecoin to try and generate extra returns, nor will it use leverage or derivatives. 21Shares also partnered with the House of Doge to launch a Dogecoin ETP in Europe, listed on the SIX Swiss Exchange.

A U.S. District Judge ruled that the Treasury Department's Office of Foreign Asset Control (OFAC) cannot re-sanction Tornado Cash, a crypto mixing service. This follows an earlier appeals court ruling that OFAC had overstepped its authority in initially sanctioning Tornado Cash in 2022. The judge sided with plaintiffs, Tornado Cash users, stating that OFAC's original designation was unlawful and preventing future enforcement of sanctions against it. Separately, the Department of Justice is pursuing criminal charges against two Tornado Cash developers for conspiracy to commit money laundering and other related charges. However, recent DOJ guidance suggests a narrowing of crypto-related enforcement priorities, with less focus on exchanges and mixing services for user actions, leading to potential reconsideration of ongoing cases. Prosecutors in the Samourai Wallet case are already considering dropping charges based on this new guidance.

The USD1 stablecoin, backed by the Trump family and issued by World Liberty Financials (WLFI), has reached a market capitalization of over $1 billion on the BNB Chain. This growth happened rapidly through large mints of USD1 within a single hour. This surge makes USD1 one of the fastest-growing decentralized stablecoins. The increase in USD1 supply suggests growing demand and a focused effort to increase its availability across different networks. WLFI aims for USD1 to be a key asset in decentralized finance, offering an alternative to traditional stablecoins that are often criticized for lacking transparency.

Crypto lender Nexo, managing $11 billion in assets, is returning to the US market after leaving in late 2022 due to regulatory issues. The return is attributed to changes in crypto regulations and growing political support, highlighted by an event attended by Donald Trump Jr. US users will regain access to Nexo's services, including crypto savings accounts, asset-backed credit lines, trading, and institutional solutions. Nexo's native token, NEXO, has seen a price increase of over 12% recently, with a market cap of $1.2 billion. Nexo previously exited the US after being accused by the SEC and several states of offering unregistered securities and paid a $45 million fine. Other crypto companies, like DWF Labs and TON Foundation, are also entering or expanding in the US due to the changing regulatory environment.

Coinbase is launching a Bitcoin Yield Fund on May 1st, targeting institutional investors outside the U.S. The fund aims to provide annual returns between 4% and 8% using a cash-and-carry strategy, which capitalizes on price differences between spot and futures markets rather than staking. This move comes amid growing institutional demand for Bitcoin, highlighted by significant ETF inflows. Bitcoin's price recently surged to around $94,000 driven by corporate and ETF buying, with potential for further retail interest if it breaks $100,000. Aspen Digital, an Abu Dhabi-based asset manager, is one of the backers of this fund.

Sonic (S), currently priced at $0.5226, is scheduled to upgrade to native USDC on May 6, 2025, which involves transitioning from bridged USDC to native USDC to improve liquidity and user experience. During the transition, bridging activity between Ethereum and Sonic will be paused for approximately one week. The transition aims to provide a more secure and efficient way to transfer USDC across blockchains. If successful, this transition could increase adoption and potentially push the price of Sonic (S) towards $1.03. However, setbacks could cause the price to fall to around $0.3596. Traders should monitor volume and price reactions around key levels to gauge the market's response to the USDC transition.

The UK is moving forward with regulating cryptocurrencies by publishing draft legislation for a comprehensive regulatory framework. Finance Minister Rachel Reeves announced this alongside plans to work more closely with the United States to encourage the responsible global use of digital assets. The aim is to regulate crypto exchanges, dealers, and agents, addressing potential illegal activities while supporting innovation. Crypto firms operating in the UK will have to meet standards for transparency, consumer protection, and operational stability, similar to traditional financial institutions. This new law aims to make regulation more friendly for crypto businesses in the UK, while maintaining proper regulatory oversight.

Bitcoin is showing signs of a potential surge as the percentage of Bitcoin holders in profit has risen to 87.3%, up from lows in March. This increase in profitability often leads to greater market excitement and potentially a rapid price increase. Historically, when most Bitcoin holders are profitable, the price tends to rise quickly. Data suggests that almost 5% of the Bitcoin supply changed hands at lower prices, indicating accumulation. While Bitcoin's price has risen, fewer investors are selling to take profits, suggesting they anticipate further price increases. First-time and momentum buyers are actively participating, signaling strong demand without significant selling pressure. Bitcoin's price is currently around $94,903, up over 8% in the past week, with trading volume also increasing significantly.

Mark Carney of the Liberal Party won the Canadian election, partly due to the US-Canada trade war and comments made by former US President Trump. Carney emphasized the importance of Canada's economic stability and independence from the US, a message that resonated with voters. He plans to renegotiate the security and economic relationship with the US, insisting on Canada's terms and respect for its sovereignty. Canada sends about 75% of its exports to the US, while only 17% of US goods go to Canada. Trump had previously imposed tariffs on Canadian goods, excluding those under the USMCA trade deal. European leaders have expressed interest in strengthening trade ties with Canada, potentially diversifying its economic partners. Carney faces the challenge of dealing with potential economic threats from the US, including possible tariffs on Canada's car industry. The USMCA trade agreement, which is vital for Canada's exports, may also be subject to renegotiation by the US.

Chainlink (LINK) is showing signs of a potential price increase, with analysts pointing to technical patterns suggesting a breakout. A cup and handle pattern on shorter timeframes indicates a possible upward trend, with the $13.8 to $14.0 range acting as a crucial support level. If the price bounces above $14, it could move towards $18-$19. Elliott Wave analysis also suggests further upside, targeting $40, with resistance zones at $28-$32 and potential targets at $31.85 and $45.50. Data from Binance shows top traders are increasing their long positions on LINK, with long positions exceeding 64%. Key levels to watch include the $13.8-$14.0 support zone and the $15.30-$15.50 resistance. A breakthrough above this resistance could lead to a move towards $18-$19.

XRP saw a 7% increase in late April, and May 2025 is anticipated to be a volatile month. Long-term holders' confidence is rising, as indicated by a NUPL value of 0.73, but rumors of an XRP ETF have caused market instability. While leveraged and short XRP Futures ETFs were approved, a spot ETF has not been. Active XRP addresses have decreased to 147,000, which is significantly below the all-time high of 1.22 million, suggesting waning user engagement. If a spot XRP ETF is approved, experts foresee a potential 49% rally towards $3.40. However, failure to maintain momentum could lead to a 29% price drop, targeting $1.61 as the next support level.