The Tron network has drawn closer to regaining the lead from Ethereum in Tether circulation after another big mint by the US stablecoin issuer. On May 5, Tether minted another $1 billion Tether ( USDT ) on the Tron network, according to Arkham Intelligence. This brings the total USDT on Tron to $71.4 billion, according to the Tether Transparency report . In comparison, there is currently $72.8 billion USDT circulating on the Ethereum network, so just $1.4 billion more USDT on Tron will see it become the leading network for the world’s largest stablecoin issuer, as it has been previously over the last two years. Tron was ahead of Ethereum for USDT circulation between July 2022 and November 2024, but a large $18 billion mint on Ethereum pushed the network ahead again, according to CryptoQuant. The third-largest network for USDT is Solana, which has $1.9 billion circulating, and there are smaller amounts on Ton, Avalanche, Aptos, Near, Celo and Cosmos. USDT circulation on Ethereum and Tron. Source: CryptoQuant Tether’s total circulation is currently at a record high of $149.4 billion USDT, having increased by 8.6% since the beginning of this year. This gives the firm a commanding stablecoin market share of 61%, according to CoinGecko. Related: Tether AI platform to support Bitcoin and USDT payments, CEO says Its closest competitor, Circle, has a market share of 25% with almost $62 billion USDC ( USDC ) in circulation. Stablecoin issuance has surged over the past six months, and they currently represent 8% of the total crypto market capitalization. In a report in late April, the United States Treasury Department predicted that the stablecoin market could reach $2 trillion by 2028 if regulatory clarity is achieved. Stablecoin legislation nearing next vote It is widely believed that two key pieces of legislation need to be passed into law in the US to cement the position of stablecoins. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act sets out clear definitions for “payment stablecoins” and reserve rules for stablecoin issuers. Lawmakers in the US Senate will move forward with a vote on the GENIUS stablecoin bill before May 26, according to reports. Meanwhile, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, which governs the approval and supervision of “federally qualified nonbank payment stablecoin issuers,” is also going through Congress. Tether is also planning to launch a US-based stablecoin later this year, with timing dependent on the passing of legislation. Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest
Bitcoin's partial decoupling from equities suggests potential for future independence, driven by increasing institutional and sovereign adoption. The post Bitcoin outperforms stocks during market selloff, but fails to decouple fully: VanEck appeared first on Crypto Briefing .
While crypto markets often move in fast, unpredictable waves, certain assets occasionally show clear signs of consolidation—when momentum stabilizes and pressure builds. That’s exactly what’s happening with Bitcoin , Ethereum , Solana , and the rising contender, MAGACOINFINANCE . As the heavyweights strengthen their base, its early-stage players like MAGACOINFINANCE offer something even more compelling: early positioning before wider market recognition kicks in. MAGACOINFINANCE Is Quietly Building Toward Its Breakout Moment The quiet accumulation phase is often the most important—and MAGACOINFINANCE is deep in that zone right now. Wallet growth is increasing steadily, community expansion remains organic, and every update aligns with disciplined execution rather than overhyped noise. The signs are clear: this project is focused on longevity, not short-term swings. It’s moving like many successful early plays have before—purposefully, structurally, and with staying power. Those entering now aren’t chasing—they’re positioning. The Pillars: Bitcoin, Ethereum, and Solana Are Strengthening Foundations Bitcoin (BTC) continues to serve as the leading store of value in the crypto space, with institutional backing and ETF integration reinforcing its role in long-term portfolios. Ethereum (ETH) remains the infrastructure backbone for decentralized applications, with recent upgrades driving new levels of scalability and security across its ecosystem. Solana (SOL) is holding strong with developer momentum, fast execution speeds, and renewed attention from builders migrating to low-cost, high-performance networks. These three continue to define the top layer—but early-stage projects like MAGACOINFINANCE represent where the outsized return potential still exists. Strengthening Forces: Optimism, Aptos, and Chainlink Optimism is expanding Ethereum’s utility by reducing cost and congestion across smart contract activity. Aptos appeals to developers and users looking for next-gen performance and an improved user experience across decentralized platforms. Chainlink dominates the oracle space, integrating real-world data into blockchain environments with ever-growing reach and reliability. Each of these projects is valuable—but MAGACOINFINANCE offers the rare combination of early momentum and undervalued market position that few others still provide. Final Word Is a $1.5 million path truly unfolding? The combination of consolidation among market giants and strategic early-stage movement often leads to some of the crypto market’s most remarkable outcomes. Bitcoin , Ethereum , and Solana are showing strength—but MAGACOINFINANCE.COM is the one creating fresh momentum today. Those watching now may be the ones leading tomorrow. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: What MAGACOIN FINANCE’s 35x Projection Means for Cardano and XRP Traders Watching Closely
COINOTAG News reported on May 6th that the latest Glassnode data indicates an intriguing shift in Bitcoin’s market dynamics. Currently, with Bitcoin priced at $94,100, a striking 88% of its
South Korea issues new crypto guidelines a few weeks before election. Non-profit corporations and exchanges can now sell crypto in South Korea. Analysts think political interests are behind the new crypto guidelines. The South Korean Financial Services Commission has enacted a new set of guidelines, allowing the Asian country’s citizens to engage in cryptocurrency transactions. The latest development marks a landmark decision, setting June 2025 as the date when the new rules will kick in. According to reports, the Commission will allow non-profit corporations and virtual asset exchanges to sell digital assets. However, exchanges must structure their trading processes to minimize market impact when selling. In the meantime, the Commission will create a “Donation Review Committee” charged with supervising external audit corporations engaging in digital asset transactions. Background and Audit Firm Rules The Korean regulators finalized the new guidelines during the 4th Virtual Asset Committee session at the government complex in Seoul. The decision is a follow-up measure to the ‘Roadmap for Corporations’ participating in the virtual asset… The post South Korea Issues New Crypto-Friendly Guidelines: Analysts Suspect Political Motivation appeared first on Coin Edition .
Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below $95,000 and struggling to start a fresh increase. Bitcoin started a fresh decline below the $95,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,750 zone. Bitcoin Price Faces Resistance Bitcoin price started a downside correction below the $97,200 support zone. BTC declined below the $96,200 and $95,500 support levels. The bears even pushed it below $94,500. A low was formed at $93,570 and the price is now attempting to recover. There was a move above the $94,000 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $97,885 swing high to the $93,570 low. However, the bears are active near the $95,000 zone. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $94,750 level. There is also a connecting bearish trend line forming with resistance at $94,750 on the hourly chart of the BTC/USD pair. The first key resistance is near the $95,300 level. The next key resistance could be $95,750 and the 50% Fib retracement level of the recent decline from the $97,885 swing high to the $93,570 low. A close above the $95,750 resistance might send the price further higher. In the stated case, the price could rise and test the $96,800 resistance level. Any more gains might send the price toward the $98,000 level. More Losses In BTC? If Bitcoin fails to rise above the $94,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $93,750 level. The first major support is near the $93,500 level. The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $93,750, followed by $93,500. Major Resistance Levels – $94,750 and $95,750.
Bitcoin’s recent price movements raise questions about the underlying market dynamics as active addresses show high volumes but struggle to sustain momentum. Bitcoin’s active addresses hit a six-month high, suggesting
According to a report from CoinDesk dated May 6th, **Bernstein**, a prominent Wall Street firm, projects that by the close of 2029, global corporate treasuries are poised to increase their
Crypto has always been about pushing limits. Bitcoin redefined digital assets as a global store of value. XRP reshaped international payments. Solana became the benchmark for fast, efficient decentralized applications. Now, MAGACOINFINANCE is entering the frame with early momentum and rising credibility. With shifting market dynamics, these four projects are not just chasing recovery—they’re setting the stage to break past their all-time highs. And investors tuned into early momentum are already paying attention. MAGACOINFINANCE Is Showing the Traits of a Future Leader While many new tokens enter the market, few manage to gain meaningful early traction. MAGACOINFINANCE is proving to be an exception. Rapid wallet growth, increased community engagement, and disciplined rollout strategies are already visible. The project’s leadership is actively engaging, and investor interest is rising steadily—quietly but significantly. This is a token being built with purpose. No gimmicks. No overhype. Just structured growth and strategic delivery. For those who recognize early-stage patterns, MAGACOINFINANCE is looking more like a contender than a question mark. Supporting Momentum: Tron, Sei, and the New Builders Tron continues to dominate in volume-based on-chain activity, particularly across markets demanding low fees and high-speed settlement. Sei is gaining developer attention for its speed-oriented infrastructure—tailored specifically for high-frequency trading applications. These are strong ecosystem players—but their early growth phase has already passed. MAGACOINFINANCE , on the other hand, is just getting started—where real upside often lies. Final Word Can XRP , Bitcoin , Solana , and MAGACOINFINANCE.COM set new highs in the next cycle? Momentum is aligning, sentiment is improving, and early entries are becoming harder to find. Of them all, MAGACOINFINANCE may be the one still hidden in plain sight—quietly preparing to lead the next wave. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum, Solana, and MAGACOIN FINANCE: 3 Coins Analysts Say Could Lead a Q2 Crypto Comeback
The U.S. Treasury assesses strategic Bitcoin reserves, prompting market shifts. Continue Reading: White House Commands Financial Markets to Brace for Bitcoin Shift The post White House Commands Financial Markets to Brace for Bitcoin Shift appeared first on COINTURK NEWS .