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Author: Isabella Taylor
Bitcoin climbed to $98,933 on May 8, rising 2.6% in 24 hours, as markets reacted to President Donald Trump’s announcement of a coming trade agreement. The surge follows a May 8 announcement on Truth Social by U.S. President Donald Trump, who said he would host a press conference in the Oval Office the following day to announce a “major trade deal” with a “big” and “highly respected” country. Trump described the deal as “the first of many,” suggesting more international agreements could follow. Although Trump didn’t mention a specific country, The New York Times reported it is expected to be…
Speculation around a possible Pi Network listing on Binance has picked up again after users spotted activity involving a wallet connected to the exchange. On May 7 onchain analyst Moon Jeff reported on X that small amounts of Pi Coin (PI) were observed moving through Binance’s Stellar deposit wallet. The wallet address, already associated with Binance in earlier transactions, appeared to be conducting test transfers, prompting fresh speculation about integration. https://twitter.com/cryptoad00/status/1920065139836924224?s=46&t=nznXkss3debX8JIhNzHmzw The timing has drawn attention, although neither Binance nor the Pi Network team has provided an official confirmation. Pi Network is set to make a major announcement on May…
Arizona Governor Katie Hobbs has approved a new law that lets the state take control of digital assets left unclaimed for three years or more. The announcement was made via a May 7 press release on the governor’s official website, following the passage of House Bill 2749 with bipartisan support in the state legislature. The new law updates Arizona’s unclaimed property statutes to address the rise of digital assets, including cryptocurrencies. Sponsored by House Commerce Committee Chairman Jeff Weninger, HB2749 creates a process for identifying and managing unclaimed virtual property and establishes a Bitcoin (BTC) and Digital Assets Reserve Fund,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While TRON and Cardano continue their climb, BlockDAG is quietly stealing the spotlight with breakout momentum, a looming exchange launch, and record-breaking presale numbers. Not every day does the crypto market hand out a twist like this; TRON and Cardano have kept things steady, but one lesser-known name is quietly racing ahead. TRON news shows USDT supply hitting new highs and over 2.66 million long-term holders. Cardano prediction remains cautious, stuck below resistance, and waiting for momentum. But while…
Bitcoin price continued rising, reaching its highest point since February, as trade optimism rose ahead of the Federal Reserve decision. Bitcoin (BTC) climbed to $97,650 on Wednesday, up 30% from its lowest point this year. This latest rally has pushed Bitcoin’s market dominance to 65.70%, its highest level since January 2021. The dominance rose as many altcoins, especially Ethereum (ETH) continued to underperform the market. Ethereum’s market dominance has fallen to 7.5% from a peak of 22.27% in 2022. Its price is at risk of dropping to a record low against Bitcoin. Bitcoin dominance has strengthened because BTC remains just…
Shiba Inu price could be on the verge of a strong bullish breakout as the daily burn rate rose and the total value locked in Shibarium rose. Shiba Inu (SHIB) rose to $0.00001270 on Wednesday, a few points above the year-to-date low of $0.00010. Third-party data shows that the total value locked in the Shibarium network has increased, crossing $3 million for the first time since March 29. This is a notable recovery from the year-to-date low of $1.8 million. The ongoing recovery has been driven by several dApps within the network. ShibaSwap’s assets climbed 32% in the last 30…
Swiss RWA tokenization firm Colb Asset SA has raised CHF 6 million in an oversubscribed seed extension round, helping scale its tokenization and fintech initiatives. Colb Asset SA, a leading Swiss innovator in real-world asset tokenization, has successfully closed an oversubscribed CHF 6 million (~$7.3 million) seed extension round. The capital came from a private investor managing a portfolio of over $20 billion in assets, reinforcing institutional confidence in Colb’s mission. The funding will accelerate Colb’s efforts to enable blockchain-based tokenization of high-demand pre-IPO equity, including high-demand pre-IPO equity opportunities. The firm also aims to tokenize institutional-grade Swiss wealth strategies…
Ritchie Torres is preparing to introduce new legislation that would prohibit the creation and sale of meme coins and stablecoins that exploit the likenesses of U.S. political figures. The bill, titled the “Stop Presidential Profiteering from Digital Assets Act,” aims to curb what Torres calls a growing trend of “digital asset profiteering” by leveraging the identities of high-profile public officials. According to the draft text summary, the bill would make it illegal for any person to create, promote, or sell a digital asset that uses the name, image, or likeness of a “covered individual” if it results in direct or…
XRP is facing a crucial test at the $1.50 mark, a level that has transitioned from key resistance to an essential support zone. Since breaking above this level late last year, the asset has remained above it, signaling potential bullish momentum. However, the next few weeks will be critical in determining whether this support level can hold. The $1.50 area has played a significant role in Ripple (XRP) price action since May 2022. For over a year, the price struggled to break above this resistance. Once it finally did late last year, it opened the door for further upward movement.…
The Federal Reserve kept its benchmark interest rate unchanged at 4.25% to 4.50%, citing continued economic expansion, low unemployment, and persistent inflation. The Federal Open Market Committee also reaffirmed its commitment to reducing its balance sheet by continuing the runoff of Treasury securities and mortgage-backed assets. “Recent indicators suggest that economic activity has continued to expand at a solid pace,” the Fed said in its statement, noting that the labor market remains strong and inflation is still “somewhat elevated.” However, the Committee flagged increasing uncertainty in the economic outlook and said the risks of both higher inflation and higher unemployment…