Cryptocurrency - Page 53 of 151

Trump’s TRUMP Memecoin Drops 24% in a Week Despite Upcoming Gala

The TRUMP memecoin, unofficially linked to former U.S. President Donald Trump, has plunged 23.72% in the past week, now trading at $10.48 despite renewed buzz around an upcoming gala dinner for top token holders scheduled for May 22.

TRUMP’s Decline In Spite of Coming Gala

Originally launched in January, the TRUMP token was designed as a digital symbol for supporters of the former president. It had shown signs of strength with a 17.95% rise over the past month, but recent losses have erased much of those gains. Over the past 24 hours alone, the token dropped another 4.39%.

Still, the memecoin continues to attract strong market interest. Trading volume jumped nearly 70% in the last 24 hours to $844.5 million, and the total market capitalization now stands at $2.09 billion, according to CoinGecko.

The upcoming gala event—which promises exclusive in-person access to Donald Trump for top token holders—has stirred debate over the blending of political branding with cryptocurrency incentives. Critics argue the event may cross ethical lines by offering proximity to a political figure in exchange for financial investment in a token.

Senator Cynthia Lummis, a known crypto advocate, voiced her unease about the development. “A president offering exclusive access tied to a token gives me pause,” she said, urging greater regulatory clarity for politically affiliated digital assets.

While the gala appears to be an attempt to energize the community and reinforce loyalty among holders, the market downturn indicates growing uncertainty. The coming weeks will reveal whether the May 22 event revitalizes the TRUMP token or intensifies regulatory scrutiny and investor doubt.

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Breaking ! Silk Road Bitcoin Wallets Wake After 11 Years, Move $322M in BTC

Two long-dormant Bitcoin wallets linked to the infamous Silk Road marketplace reactivated on Monday, transferring a total of 3,421 BTC—worth around $322.5 million—after more than a decade of inactivity. These transfers are among the largest movements from early Bitcoin-era wallets in recent memory and have sparked fresh discussion across the crypto community.

Bitcoin Silk Road Wallet Arises After 11 Years

Dormant Wallets Spring Back to Life

The first wallet, inactive since 2013, initiated a transfer of 2,343.481 BTC at block height 895,421, equivalent to approximately $220.8 million. The funds were moved from an old-style Pay-to-Public-Key-Hash (P2PKH) address to 31 separate outputs. Notably, 30 of these outputs were redirected to a newly created Pay-to-Witness-Public-Key-Hash (P2WPKH) address, a more secure and modern Bitcoin wallet format.

The second transaction occurred at block height 895,433, moving 1,078.99 BTC—worth over $101 million—from another wallet that had also remained untouched since July 11, 2013. Like the first, this transfer also shifted BTC from a P2PKH address to a P2WPKH wallet in 27 outputs. The coins have remained unmoved since the transaction.

Silk Road Connection Raises Eyebrows

Blockchain analytics platforms including btcparser.com and Whale Alert flagged the transactions, citing the unusual age and size of the wallets. Sani from timechainindex.com suggested that the funds may be tied to Silk Road—a darknet marketplace active in Bitcoin’s early years. According to Sani, the coins were likely withdrawn from Silk Road in 2012.

Community Reaction and Ongoing Speculation

The crypto community is now watching closely to see if these freshly moved coins will be sold, further transferred, or simply remain in the new addresses. Due to the Silk Road connection and the historical significance of the funds, their movement has raised questions about long-term holders and the potential market impact if the BTC is sold.

Conclusion

While the BTC remains untouched for now, the awakening of these wallets serves as a stark reminder of Bitcoin’s shadowy origins and the transparency of blockchain technology. As markets react and observers speculate, the transfers have become a focal point for discussions on Bitcoin’s past—and its unpredictable future.

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5 Reasons Why Trump’s Support for Crypto is a Major Win Against China’s Tech Push

Donald Trump has once again made it clear that he’s all about supporting cryptocurrencies, calling it an essential part of the U.S.’s strategy to stay ahead of China in the tech race. He sees crypto as a way to prevent China from taking the lead in emerging technologies.

“I’m a big fan of crypto because I want to keep it away from China,” Trump said as he made his way back to the White House from Palm Beach, Florida.

Crypto as the Key to America’s Tech Future

Trump’s comments come amid rising tensions between the U.S. and China, especially in areas like AI, blockchain, and other cutting-edge tech. Trump sees crypto as a new and rapidly growing sector that could shift power dynamics on the global stage. He’s worried that if the U.S. doesn’t act, China could end up dominating the its space.

He added that crypto is “a whole new thing” and emphasized how quickly it’s growing, showing his recognition of the sector’s potential.

“I’m very much in favor of crypto because otherwise China is going to take it over,” he said, underscoring his belief that the U.S. must take action to keep crypto in its hands.

Trump’s SEC Task Force and Crypto-Friendly Moves

Back in January, Trump’s administration created a special task force within the SEC aimed at easing the rules around crypto to help it thrive. This initiative was part of his broader goal to make the U.S. a leader in the crypto space.

Additionally, Trump brought in former PayPal COO David Sacks as the AI & Crypto Czar, with the mission of building a clear regulatory framework, something that many in the crypto world have been asking for.

China’s Digital Yuan and U.S. Concerns

China’s push into crypto, especially its state-backed digital yuan, has raised alarms in Washington. Experts worry that if China succeeds, it could have unprecedented control over global financial systems, which would be a massive shift in power.

Trump’s support for crypto is now seen as a counter to China’s growing influence in tech and finance, aligning with his long-standing criticism of China’s aggressive moves in fields like AI, 5G, and, now, cryptocurrency.

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Tether’s Moving into AI: Decentralized Platform With Crypto-Payments Coming Soon

Tether, the stablecoin giant, is diving into the AI world with Tether AI, a decentralized, open-source AI platform that’s powered by crypto. It’s set to bring a new wave of payments in USDT and Bitcoin, which means crypto fans will have direct access to an AI system that doesn’t rely on centralized platforms.

Tether AI: The Future of Decentralized AI

Tether CEO, Paolo Ardoino, teased the launch of Tether AI on May 5 via X, giving us a sneak peek into this revolutionary new platform. It promises a modular, flexible AI runtime that can run on any hardware or device without the need for centralized servers or APIs, which makes it different from the traditional cloud-based AI models.

At the heart of it is something called “Personal Infinite Intelligence,” which hints at customizable AI agents that adapt to user needs and work on different devices. No more centralized control—users will have full privacy, autonomy, and security.

Plus, Tether AI will let users pay directly with USDT or Bitcoin through a peer-to-peer network. It’s also going to include its open-source wallet development kit (WDK), which launched in November 2024, helping developers create mobile, desktop, and web wallets for easy self-custodial asset management.

The whole point is to offer AI tools that are open-source, decentralized, and powered by crypto infrastructure, meaning no reliance on middlemen or traditional cloud platforms.

A Bold Shift to AI and P2P Tech

Though Tether AI isn’t live yet, its integration with its existing decentralized technologies (like Keet for chats and Pear for P2P apps) hints that it’ll be a seamless transition for crypto fans. The platform was introduced in December 2024 with a launch target set for Q1 2025, and the latest update shows it’s well on track.

Tether’s focus on AI is part of a bigger pivot the company made in April 2024 to focus more on peer-to-peer tech and AI tools. The move included creating new business units like its Data, pushing their ambitions in the decentralized AI space.

Ardoino dropped some futuristic vibes, saying AI will soon become part of the universe’s fabric, quoting sci-fi legend Isaac Asimov. He’s already teased that Tether’s AI division is working on tools like a translation app, voice assistant, and a Bitcoin wallet assistant, all powered by in-house models.

Tether’s Massive Quarter, AI Push, and $1B Profit

Tether isn’t just about stablecoins anymore—they’re making serious moves in AI. With a $1 billion operating profit in Q1 2025 (thanks to strong returns on U.S. Treasury holdings), its not slowing down anytime soon. They’ve got $149.3 billion in assets and $5.6 billion in reserves, staying at the top of the stablecoin game while moving into the world of AI.

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Hope? Bitcoin Price Analysis: BTC Holds Above $94K Amid Institutional Momentum

Bitcoin Price, As of May 5, 2025 is trading at approximately $94,121, reflecting a slight decrease of 1.4% over the past 24 hours. Despite this minor dip, the cryptocurrency continues to exhibit resilience, bolstered by ongoing institutional interest and favorable market conditions.

Will Bitcoin Reach $100K Again Before June ?

Institutional Investments Fuel Confidence

Recent significant purchases by major firms underscore the growing institutional confidence in Bitcoin. Strategy, formerly known as MicroStrategy, acquired an additional 1,895 BTC for $180.3 million, bringing its total holdings to 555,450 BTC. Similarly, Semler Scientific invested $16.2 million to purchase 167 BTC, marking its entry into Bitcoin as a treasury asset.

Technical Outlook and Market Sentiment

Technical analyses indicate that Bitcoin is maintaining its position above key support levels, suggesting potential for upward movement. Analyst AltcoinGordon highlights a target of $220,000, citing strong technical signals. Additionally, Crypto Rover notes that Bitcoin’s price action is consolidating near critical support, signaling an imminent move.

Future Projections

Looking ahead, various analysts project significant growth for Bitcoin Price. Standard Chartered anticipates a price of $200,000 by the end of 2025, while Fundstrat’s Tom Lee forecasts a rise to $250,000, driven by increased institutional adoption and favorable regulatory developments.

Conclusion

Bitcoin’s current stability above $94,000, coupled with substantial institutional investments and optimistic forecasts, suggests a positive outlook for the cryptocurrency. As market dynamics evolve, Bitcoin remains a focal point for investors seeking exposure to digital assets.

The Bitcoin price or The price of BTC seems to be stable for now but hopes are high as May is just getting started.

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Insane ! Strategy Buys More Bitcoin for $180M, Now Holds 555,450 BTC

Strategy, formerly known as MicroStrategy, has purchased 1,895 more Bitcoin worth $180.3 million, according to a filing submitted to the U.S. Securities and Exchange Commission on May 5, 2025. The acquisition took place between April 28 and May 4 at an average price of $95,167 per Bitcoin.

Strategy Goes Ballistic, Saylor’s Next Move?

X post Regarding Strategy/Saylor Buying BTC

Stock-Fueled Bitcoin Accumulation Continues

The company funded this purchase by raising capital through two stock sale programs—earning $128.5 million from common shares and $51.8 million from STRK preferred stock. These funds were raised under a prior offering plan, which has now been completed. Strategy has already launched a new stock sale initiative to continue raising capital throughout the year.

Following this latest acquisition, Strategy’s total Bitcoin holdings now stand at 555,450 BTC, acquired at a combined cost of $38.08 billion. This puts its average purchase price at $68,550 per Bitcoin. With BTC currently trading near $96,000, the company’s holdings are now worth over $52 billion.

Just last week, Strategy made a significantly larger purchase—buying 15,355 BTC for $1.42 billion. The company has consistently added Bitcoin to its balance sheet nearly every week since the beginning of 2025. These efforts have yielded a 14% return on its Bitcoin holdings so far this year. Strategy has set a target to achieve a 25% return, which would translate to a $15 billion profit.

Looking ahead, the company plans to raise up to $84 billion by 2027 through a combination of stock and bond offerings to further increase its Bitcoin reserves. A real-time dashboard on the company’s website tracks its BTC activity and current valuation.

Semler Scientific Joins the Bitcoin Movement

In a similar development, Semler Scientific, a health-tech firm, has announced the purchase of 167 Bitcoin for $16.2 million at an average price of around $97,000 per coin. The company said this investment is part of its long-term strategy to protect against inflation and preserve value by holding strong financial assets like Bitcoin.

More Companies Could Follow

Analysts at Bernstein suggest that Strategy’s aggressive Bitcoin Tactic, now mirrored by Semler Scientific, could inspire other corporations—especially those with cash reserves and slower growth—to add Bitcoin to their balance sheets. As institutional adoption picks up, the role of BTC as a treasury asset continues to gain momentum.

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Breaking ! Bybit’s Next-Level Move: 500x Leverage on Stocks & Commodities—Crypto Goes Wall Street

Bybit’s seriously leveling up. The crypto exchange is about to bring Wall Street vibes to Web3 by offering traditional financial products like U.S. stocks (hello, Apple & MicroStrategy) and commodities like gold and crude oil. CEO Ben Zhou dropped the news during a livestream on May 3, with the feature set to go live by the end of Q2 2025.

Can Bybit Beat eToro & Kraken at the Hybrid Game?

Zhou’s vision? Turn it into a powerhouse, mixing crypto with traditional assets. So, along with trading crypto, users will soon be able to buy and sell blue-chip U.S. stocks, as well as major commodities. And they’re not playing it safe—they’re offering up to 500x leverage on some of these trades. That’s huge for the high-risk, high-reward crowd.

“We want to bring Wall Street to Web3,” Zhou said in the livestream. Bold move.

It is now stepping into direct competition with platforms like eToro and Kraken, both of which have already made moves into hybrid trading. For example, eToro saw 96% of its revenue from crypto in 2024, but they’ve also been offering traditional investments since 2013. Kraken is jumping in too, with zero-commission trades on over 11,000 U.S. stocks and ETFs, plus forex futures.

Bybit’s Big Pivot: Ditch NFTs, Double Down on AI

Bybit’s not just betting on traditional finance, though. They’re also doubling down on AI. The exchange is integrating tools like CryptoLens and TradeGPT for real-time analytics and market insights. Plus, their AI is multilingual, helping them keep it global in over 160 countries.

But not everything’s been smooth sailing for Bybit. In February, they were hit with a massive $1.5 billion ETH hack—biggest in crypto history. Since then, they’ve been trying to bounce back. Zhou shared that most of the stolen funds are still traceable, but a chunk of it has gone “dark.” To recover, Bybit’s been doing audits and securing emergency loans.

Following the hack, Bybit pulled the plug on its NFT Inscription and IDO markets, focusing instead on traditional trading. It’s a bit of a vibe shift for the platform, but they’ve made it clear they’re staying strong.

What Does This Mean for Retail Traders?

Bybit’s 500x leverage is crazy high compared to what we’re used to seeing in the traditional market. It could bring some serious risk, so it’ll be interesting to see how regulators react and whether Bybit’s really prepared for all the potential scrutiny.

As for trust? Bybit’s quick to own up to the hack and reassure users their assets are backed and secure. They’ve got their reserves sorted, and withdrawals are still going strong.

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Curve Finance’s X Account Hacked to Promote Fake CRV Airdrop

Curve Finance’s official X account was compromised earlier today in a security breach that promoted a fake CRV token airdrop. The post, since deleted, falsely announced Curve’s “first CRV airdrop” and included a link appearing to direct users to Curve’s website.

Curve Finance’s X Account Hacked and What it causes and signifies

X post regarding the hack of Curve Finance X account

Fake Airdrop Sparks Panic

The fraudulent tweet invited users to register before a midnight UTC snapshot on Sunday, promising “rewards” and urging action within a week. Though the link resembled Curve’s authentic domain, the Curve team quickly confirmed the message was fake.

Founder Issues Warning

Curve founder Michael Egorov confirmed the hack on his personal account, writing: “Confirmed: Curve X account hacked. No other account appears to be hacked — the control over the X account was just silently taken by someone.” He advised followers to avoid any links from the Curve X account until the team regains access.

Community Confirms Compromise

Crypto analyst CrediBULL crypto also posted a warning, sharing a screenshot of the fake tweet and urging followers not to engage with it. The deceptive post included professionally designed visuals that mimicked typical airdrop promotions, adding to its believability.

Unclear How Hack Occurred

It remains uncertain how the hacker accessed Curve’s X account. There is no confirmation yet whether the breach was due to phishing, leaked credentials, or social engineering. As of now, Curve’s core platforms and services remain unaffected.

Stay Vigilant

Until control is officially restored, users are advised to avoid engaging with the @CurveFinance X account and to rely solely on Curve’s verified website and Telegram for updates. The incident highlights ongoing security risks in the crypto space, especially as scammers use realistic-looking airdrops to lure victims.

Sad and very upsetting to say but Curve Finance is not the first one and is definitely isn’t the last one to get their account hacked. Such lack of proper and bullet proof security has made it difficult to share information in any social media platform even for us Normal humans let alone some organization like Curve Finance

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XRP Flashing Bullish Vibes: 3 Reasons It Might Explode Soon

**XRP is not playing games right now — and the charts are getting spicy.**

After a massive 350% rally, XRP is entering uncharted bullish territory — and this time, it’s being powered by real demand, not degens flipping leveraged longs.

Spot Premium = Real Demand Energy

For the first time ever, XRP’s spot price is consistently above its perpetual futures — aka, we’re in its strongest-ever spot premium phase, according to market analyst Dom on X.

That’s a major signal: In past cycles, the token pumps were fueled by futures markets, aka speculative leverage bros. This round? It’s the real ones — actual spot buyers — moving the price. Translation? Way less risk of a brutal whiplash dump.

Whales Are Gobbling Like It’s Discount Season

Data from Glassnode backs the vibe: Since November 2024, wallets holding 10K+ token have been rising, even when price dipped 35% from Jan to April. That’s classic smart money behavior — load up during the quiet times before liftoff.

Oh, and don’t forget the macro fuel: The SEC dropped its lawsuit against Ripple, and the possibility of a spot XRP ETF has the market feeling ✨ bullish ✨ again.

Chart Pattern Screams Breakout Incoming

The weekly chart is screaming falling wedge breakout, which is usually a bullish reversal sign. Right now, it is eyeing $2.52 as the key resistance. If it clears that?

We could see it blast toward $3.78 by June — that’s a juicy 70% upside from today’s $2.17.

But if it stumbles? Price could dip back to the wedge’s lower bound around $1.81 before making another breakout attempt — still keeping the $3 target in play by summer.

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Breaking ! $4.9B Crypto Comeback? 3 Things You Need to Know About 2025’s VC Boom

Crypto VC is back, baby — and it just hit its biggest glow-up since 2022.

According to Galaxy’s May 1 report, venture capital funding in crypto soared to a jaw-dropping $4.9 billion in Q1 2025, a 40% bounce from the previous quarter. And while it sounds like the bull run is back in full swing, spoiler alert: one giga-deal seriously skewed the numbers.

That one monster move? MGX dropped a massive $2B bag into Binance, single-handedly making up 40%+ of the entire quarter’s total funding. Without that flex, the numbers would’ve looked way less exciting — just $2.8B, actually down 20% from Q4 2024.

Binance’s Power Play Flips the Chart

Thanks to MGX’s mega-investment, Trading, Exchange, Lending, and Investing shot to the top of the funding food chain, pulling in $2.55B — a wild 47.9% spike. But if you delete Binance from the equation, DeFi would’ve worn the crown with $763M raised.

Web3’s Still Grinding

Even though the money was heavy on the Binance side, Web3 startups dominated in deal count with 73 closed — think gaming, NFTs, DAOs, and all things metaverse. Trading firms came in next with 62 deals.

Here’s the plot twist: For the first time since 2021, most of that VC cash went to the big leagues — 65% of funding landed in Series A and beyond. Early-stage and pre-seed plays are still alive, just taking a bit of a breather as VCs get pickier.

US Still the Main Stage, But Global Players Are Rising

The U.S. is holding strong, scooping up 38.6% of the total deals. The U.K., Singapore, and UAE are also pulling weight, taking 8.6%, 6.4%, and 4.4% respectively.

Galaxy also noted that Bitcoin price action and VC funding are vibing again, which hasn’t really been the case for a while. So maybe we’re seeing a new pattern emerge?

It’s Not All Easy Street

Still, it’s not totally sunshine and altcoins. Crypto fundraising is still a grind, especially with AI grabbing all the hype and investor cash right now. Crypto-specific funds only raised $1.9B this quarter, which is solid — but clearly shows we’re not in full turbo mode yet.

Even so, Galaxy says 2025 is on track to outdo 2024 in total VC raises. That’s bullish.

Top Crypto VCs of the Moment

In case you’re wondering who’s running the crypto VC game right now, here’s the top 5 per Kaito AI:

Paradigm – 11.80% performance 🥇
Alliance – 10.64%
Dragonfly – 8.32% (they’re in AVAX and NEAR, FYI)
a16z (Andreessen Horowitz) – 6.94%
Multicoin Capital – 5.86%

Projects like Story Protocol, Manta Network, Pump.fun, Coinbase, Uniswap, and Dapper Labs are all in their portfolios.

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