Author: Isabella Taylor

Tron is benefiting from its integration with the most popular stablecoin, now holding over 50% of all USDT tokens. Tron (TRX) is once again leading in stablecoin adoption. As of Friday, May 16, more than 50% of all USDT tokens, the largest stablecoin by market cap, were hosted on the Tron blockchain. This means traders now hold more USDT on Tron than on Ethereum (ETH) and all other chains combined. According to TronScan, the total supply of USDT on Tron is currently over $75,7 billion. With USDT’s total market cap at approximately $151 billion, Tron has narrowly crossed the 50%…

12 more individuals have been charged in a RICO crypto theft case that allegedly netted over $263 million. A four-count superseding indictment unsealed this week in the U.S. District Court have added twelve new defendants to the RICO (Racketeer Influenced and Corrupt Organizations) case, expanding charges against ringleader Malone Lam and others involved in the cyber-enabled criminal ring that operated across U.S. and internationally from October 2023 through March 2025. The indictment charges the group with RICO conspiracy, wire fraud, money laundering, and obstruction of justice. Several suspects were arrested this week in California, while two remain at large and…

Astar Network is asking for community feedback on its latest proposal, suggesting a shift in its ASTR tokenomics from a dynamic inflation model to a fixed maximum supply model. On May 16, Astar Network (ASTR) raised attention to its forum proposal on its official X account. Posted on the protocol’s official blog, the proposal consisted of a third update to its tokenomics, which would include a change to its current token supply model. “A forum proposal exploring a fixed supply model is currently under discussion. Community voices are encouraged as we rethink Astar’s future,” wrote the protocol in its post.…

XCN price is showing fresh signs of bullish momentum as it surges past 15% in 24 hours while testing a key resistance zone, potentially tracking towards $0.035 next. Onyxcoin (XCN) is up over 15% in the past 24 hours, currently trading at $0.019, while the trading volume has surged over 500%. With this surge, the price is now testing the upper boundary of the range where it has been consolidating since the breakout rally that occurred between April 9 and April 11. Yesterday, XCN price broke above the 20-day EMA and continues to trade above it. The EMA 20 remains…

The S&P 500 rose 0.7% Friday, closing out a strong week as investors looked past weak consumer sentiment data and persistent inflation concerns. The index posted a 5% gain for the week, its best since November 2023, as tech stocks and easing trade tensions fueled optimism. The Nasdaq Composite added 0..5% and the Dow Jones Industrial Average climbed 331 points, or 0.7%. For the week, the Nasdaq jumped more than 6%, while the Dow gained 3%. Why did the markes go up?  Markets rallied earlier this week after U.S. and Chinese officials agreed to a 90-day pause on new tariffs,…

A little-known crypto token saw sharp volatility today. FIFA surged over 67% in recent days before crashing more than 58% in the past 24 hours, according to CoinMarketCap data.  The token, trading under the symbol FIFA and priced at just $0.000000259, briefly drew attention amid speculative rumors that it was linked to the global football organization FIFA’s web3 initiatives. The token is currently ranked #3534 on CoinMarketCap. There is no evidence that the FIFA token is connected to the official governing body. FIFA’s new NFT platform  The real FIFA made headlines in April after announcing plans to migrate its NFT…

Chainlink plans to help accelerate web3 innovation on Solana with the launch of a new startup program dubbed Build on Solana. The Chainlink (LINK) program aims at boosting Solana (SOL) network adoption by supporting web3 projects focused on building on the layer 1 blockchain.  Build on Solana targets teams leveraging the Chainlink standard to develop on Solana. Selected projects will benefit from expert guidance, technical mentorship, growth resources, and increased market visibility. “With Build on Solana, we’re deepening our collaboration with the Solana ecosystem to support teams that are building the next generation of onchain applications,” said Sheth Sanket, vice…

Bitcoin continues to trade sideways with volatility at multi-day lows. Price remains stuck in a tight range, suggesting a breakout could be imminent as compression reaches its apex over the weekend. Bitcoin (BTC) price action has stalled, maintaining a narrow range for more than a week as volatility steadily declines. With strong technical boundaries at both ends of the range, traders are now looking for a breakout that could dictate the next major move. Key technical points Range High Resistance: $105,000 Range Low Support: $100,700 Market Structure: Pennant-like equilibrium formation showing compression of price BTCUSDT (1H) Chart, Source: TradingView Over…

Bitcoin price could be about to blast to a record high as traders brace for a ‘supply shock’ in the coming months. Bitcoin (BTC) has remained rangebound this week but at $104,000 it needs to gain around 4% to match its all-time high of $109,300. One major bullish catalyst for Bitcoin is the sharp decline in available supply across centralized exchanges and over-the-counter desks. According to CryptoQuant, sell-side liquidity on OTC desks has dropped to 120,000 BTC, its lowest level in years. For comparison, inventory stood at nearly 500,000 BTC in late 2021. This chart doesn’t lie.Bitcoin OTC liquidity is…

Michael Novogratz, founder and CEO of Galaxy Digital, said the crypto industry is at a turning point as his firm went public on the Nasdaq Thursday under the ticker GLXY. “We started off wanting to be the Goldman Sachs of crypto,” Novogratz said during a CNBC “Squawk Box” interview, recalling early days building out a broker-dealer and asset management firm. “The herd is finally here.” Galaxy’s public debut comes with a shift in strategy. While the company remains focused on crypto, it has also moved into the AI data center business. Novogratz described Galaxy as a “data center company plus…