Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Changpeng Zhao, also known as CZ, said in a Tuesday podcast interview that he has applied for a pardon from President Trump.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Market commentator Miya has outlined an interesting theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert alluded to current macro conditions and how it is bound to favor the flagship crypto at the end of the day. Why The Bitcoin Price Will Hit $110,000 In an analysis titled ‘The Big Short against Retail,’ Miya predicted the Bitcoin price to reach $110,000 by the end of the year. At the same time, the expert expects the S&P 500 to drop to 4,700. She opined that the stock market is heading towards a bad summer, which is why she expects a lower low on the SPX but a “pristine” Bitcoin. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key Basically, Miya expects the Bitcoin price to benefit from any potential downtrend in the stock market, with investors viewing it as a flight to safety. She remarked that the market is heading towards a terrible macro situation, which could cause stocks to crash. These predictions came as the expert commented on the nine consecutive green days that stocks have enjoyed and why she believes it won’t last long. The market commentator noted that Donald Trump has made three main promises to the market: lower rates, tariffs, and taxes. These promises are expected to be kept, and she claims that the market is pricing them in as a sure thing. Traders are currently betting on a rate cut in June, while the US and China are set to meet to agree on a lower tariff. Lower taxes could come following a successful tariff policy. Thanks to this, the stock market has been on a nine-day-long uptrend, while retail traders have made profits by buying the dip. However, Miya has warned that the market isn’t as strong as it looks and could soon blow up, with the Bitcoin price benefiting when this projected crash happens. Why The Stock Market Is Bound To Crash The expert noted that this false idea of up-only gives retail investors the illusion of complacency, as they do right now with their $57 billion bid on top of retail accumulated shares. However, she remarked that eventually, this will unfold with the “containership recession trade” hitting the US in five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price surge. Related Reading: Bitcoin Price Falters: Why Has The 5th Wave Been Elusive Below $100,000? Miya explained that all the ‘Magnificent 7’ earnings in the last season have been massively skewed and were “useless information,” meaning they cannot be relied on to show a strong market. She added that TMT firms that manufacture physical hardware usually manufacture in waves, so the actual impacts will show up in their H2 capex over Q1 results, meaning the impact of tariffs hasn’t exactly started kicking in. At the time of writing, the Bitcoin price is trading at around $96,500, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
World Liberty Financial (WLFI), the DeFi project partly owned by the Donald Trump family, has opened a community vote to decide whether to proceed with an airdrop of its new stablecoin, USD1. As of press time, 99.98% of voters backed the proposal, representing roughly 4 billion WLFI tokens. Only a small fraction, equating to 0.02% […]
The post World Liberty Financial’s USD1 stablecoin nearing airdrop as community vote aligns appeared first on CryptoSlate.
Changpeng Zhao, the founder of Binance, has confirmed that his legal team has submitted a formal request for a presidential pardon from the US government. In a May 5 podcast interview with Farokh Sarmad of Rug Radio, Zhao stated that the decision followed increased media speculation about his potential pursuit of clemency. According to him: […]
The post Changpeng Zhao files for US presidential pardon, praises Trump’s ‘business-like’ leadership style appeared first on CryptoSlate.
While Bitcoin mining equipment manufacturers are beginning to increase U.S.-based production, it could take years to fully onshore at scale.
K33 analysts argue that 2025 will be different from prior summer lulls, with multiple Trump-driven catalysts on the horizon.
Senate Democrat Blumenthal sent letters to crypto companies to investigate potential conflicts of interest related to President Trump's ties.
Sen. Richard Blumenthal wrote letters to Trump-affiliated business executives, asking about their ownership and investment structure.
Governor Kelly Ayotte signed a bill into law that allows the investment of a portion of the state's public funds in precious metals and crypto assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.
Hougan remains optimistic on crypto prices this year if the U.S. Congress can get stablecoin and market structure bills passed.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Fr8Tech CEO Javier Selgas said the purchase could effectively advocate fair trade between Mexico and the US.
Texas Republican Lance Gooden suggested to the agency that runs office space that installing ATMs will help align the government with Trump's crypto push.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Industry leaders urged the SEC to provide clear guidance on the regulatory treatment of staking under U.S. securities laws.
Japanese investment firm Metaplanet plans to establish a U.S. subsidiary in Florida this month as part of its global expansion strategy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts said a new at-the-market program from Strategy following its Q1 earnings on Thursday would also bolster a bullish outlook.
Trump Media and Technology Group, the company behind Truth Social and backed by US President Donald Trump, is preparing to deepen its involvement in the crypto space. On April 29, Trump Media CEO Devin Nunes revealed that the firm is considering working on a utility token and a digital wallet to support transactions within its […]
The post Trump Media pivots to crypto with planned TruthPlus token, DeFi platform and digital wallet appeared first on CryptoSlate.
Hougan also predicted the Bitcoin ETFs will generate record net inflows by the end of 2025 as remaining barriers to adoption begin to fall.
A new approval from Arizona lawmakers to form a digital assets stockpile must still survive a veto potential from the Democratic governor.
The Bitcoin price has just printed a rare Golden Cross on the weekly chart — a technical signal that historically appears once every market cycle. This Golden Cross has previously preceded some of Bitcoin’s most explosive bull runs, and analysts are eyeing its return as a sign that the next bullish leg up could be near. A Golden Cross occurs when a shorter-term Moving Average (MA), usually the 50-week MA, crosses above a longer-term one, like the 20-week MA. In the crypto world, this technical formation is perceived as a significantly bullish indicator that often leads to a long-term trend reversal or the start of a new uptrend. While the signal alone doesn’t guarantee gains, Bitcoin’s price history suggests it’s one worth watching closely. Bitcoin Price Flashes Super Rare Golden Cross According to ‘Merlijn The Trader’, a crypto analyst on X (formerly Twitter), the Bitcoin price has just flashed a Golden Cross, one that has only been seen three times in the past decade. Each time Bitcoin has printed this Golden Cross, it has undergone a parabolic move upwards. Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says In 2016, Bitcoin recorded a massive surge of 139% after flashing a Golden Cross on its price chart. Similarly, in the 2017 bull cycle, the flagship cryptocurrency underwent another crossover, which led to an astonishing 2,200% increase, marking one of its most parabolic rallies and capturing the attention of the world. In 2020, during the historic bull market that led to Bitcoin’s global exposure and dominance, the same Golden Cross pattern was formed. Following this, Bitcoin recorded a 1,190% rally, pushing its price to its then all-time high near $69,000 in 2021. Now, in 2025, five years after the previous Golden Cross appearance, Bitcoin has once again printed this powerful signal and could be on the verge of another historic rally. The analyst’s price chart shows the crossover forming clearly, with many comparisons to the previous cycle setups While the exact percentage price increase this time remains unknown, the consistency of the pattern has sparked the analyst’s prediction that Bitcoin may be gearing up for a powerful rally above $200,000. Analyst Predicts BTC’s Next ATH Target In another similarly bullish Bitcoin price analysis, Crypto Caeser, an analyst on X, has projected that the flagship cryptocurrency will soon hit a new ATH this cycle. While many suggest that the Bitcoin price surge above $109,000 during US President Donald Trump’s inauguration was its market top, a significant portion of the community still expect a rally to a higher peak before a bear market. Related Reading: Bitcoin Sees Highest Exchange Outflows In 2 Years, What This Means For Price Sharing a Bitcoin price chart that outlines its possible bullish trajectory, Crypto Caeser predicts that the flagship cryptocurrency could be heading to a “weak high” of $110,000. The analyst has pinpointed a key support zone around $90,000, emphasizing that this was the most optimal price level for maximum buying. Featured image from Pixabay, chart from Tradingview.com
A wallet reportedly linked to the official Donald Trump memecoin project has transferred nearly $20 million worth of TRUMP tokens to centralized exchanges. On April 29, on-chain analyst EmberCN reported that the team’s wallet transferred 1.346 million TRUMP tokens, valued at $19.53 million, to three major exchanges. Data from Arkham Intelligence, cited by EmberCN, revealed […]
The post Likely Donald Trump $150M memecoin insider wallet moves $20M TRUMP to exchanges as price dips appeared first on CryptoSlate.
An exclusive dinner event has been organized by President Trump for holders of the controversial memecoin TRUMP token, which has garnered a lot of attention. After being introduced earlier this year, TRUMP’s price soared, going from less than $10 to more than $70 in just one day. But then things changed in the market, and the token’s value dropped to $7 as the crypto market as a whole sold off. Yet, the president’s announcement revived interest in the token, which caused a sudden flip in this declining trend. Exclusive Dinner Plans Ignite TRUMP Token Activity Over the weekend, TRUMP saw an impressive 80% uptrend, reaching approximately $16. This resurgence was accompanied by a substantial increase in on-chain transactions, as reported by market analysis firm Kaiko. On April 23, the team behind the TRUMP memecoin revealed plans for an exclusive dinner catering to the top 220 holders. Notably, the top 25 holders would have the unique opportunity to meet President Trump himself. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? The announcement triggered a flurry of activity, with nearly 10,000 wallets transferring TRUMP tokens on that day alone—a staggering 200% increase from the previous day. The trading volume surged to around $2.3 billion, marking it the busiest day of the month. Interestingly, most of this volume came from smaller holders, with wallets containing less than $100,000 worth of TRUMP tokens driving the activity. This shift was particularly evident as the share of wallets transferring smaller amounts of TRUMP surged from the usual 46% to 75% after the dinner announcement. Notably, transactions under $1,000 accounted for 47.2% of active wallets, indicating a significant influx of smaller investors. 37% Chance Bitcoin Will Hit $100,000 By Month-End The enthusiasm surrounding TRUMP was not limited to on-chain activity. The token recorded its highest daily trading volume on centralized exchanges (CEXs) since mid-February, eclipsing other major memecoins like Dogecoin (DOGE). In fact, the President’s official cryptocurrency accounted for nearly 50% of all memecoin trading volume on centralized exchanges last Wednesday. Per the report, while the initial excitement has tapered off, there is potential for renewed activity as the deadline for eligibility to the dinner approaches. The rules stipulate that only the top 220 average holders between April 23 and May 12 will qualify, likely fueling increased trading and movement of funds among holders. Related Reading: PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally The recent surge of interest in memecoins like TRUMP occurs amid a broader bull run in the cryptocurrency market, characterized by Bitcoin’s resurgence. Bitcoin dominance has remained high, reminiscent of the first half of 2021 when the market began shifting toward smaller-cap assets, often referred to as “altcoin season.” However, the current market landscape suggests a different trajectory, with Bitcoin maintaining its stronghold. Options markets have indicated significant confidence in Bitcoin’s stability, particularly with a notable volume increase surrounding a $100,000 strike option set to expire on May 30. Current estimates suggest a 37% probability that Bitcoin will trade above $100,000 by the end of May, a promising outlook given its recent trading levels near $74,000. As of now, the memecoin trades at $14.29, retracing 1.1% in the 24 hour time frame. Featured image from DALL-E, chart from TradingView.com
"Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," the Bernstein analysts said.