The post Trump Media Plans to Raise $2.5B By May 29 to Create a Bitcoin Treasury appeared first on Coinpedia Fintech News After a previously unconfirmed report of Trump Media raising funds to acquire Bitcoin (BTC) earlier this week, the Donald Trump-backed company announced plans to implement a BTC treasury soon. According to the announcement, Trump Media entered into a subscription agreement with about 50 institutional investors in a bid to raise a total of $2.5 billion, The company highlighted that $1.5 billion will be raised through selling common stock, while the remaining $1 billion will be raised through 0 percent convertible senior secured notes. Trump Media plans to close the offering by May 29, 2025. “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” Trump Media’s CEO and Chairman Devin Nunes, noted . Market Impact of Trump Media’s Bitcoin Adoption The adoption of Bitcoin by Trump Media was in retrospect imminent, especially following the launch of the World Liberty Financial (WLFI). With the deal expected to close before the end of this week, Bitcoin price is well positioned to rally towards a new all-time high (ATH) in the near future. Moreover, on-chain data shows the number of Bitcoin whales holding at least 1k BTCs has gradually increased in the last few weeks to about 1,455 entities. Consequently, Santiment data shows a significant increase in FOMO traders, especially after the BTC price teased above $110l on Tuesday during the mid-North American trading session.
Elon Musk , owner of social media platform X, confirmed that a beta version of X Money will be released soon, allowing X users to transact digital payments. There was much user speculation as to when X Money would be released. Musk is well known as the CEO of both Tesla and SpaceX. The digital payments launch complements Musk’s vision of turning X, formerly Twitter, into an ‘everything app’, hosting all sorts of digital services, including financial apps, alongside the original social media platform. An insider revealed that X was on the verge of releasing the X Money feature, which would allow payment transactions and banking tools. Musk confirmed the release of X Money, with the caveat that the new feature will have a limited beta rollout and will be released slowly because customer savings need to be taken. The release date is not yet known, but is suspected to be sometime in 2025. The payment services will most likely include Bitcoin and Visa, but crypto adherents believe we could also see an XRP and Dogecoin debut. Facebook Marketplace has provided financial services for some time, allowing users to buy and sell items from within the app. X Money is not the first social media platform to entertain the idea of embedding financial services. TikTok also has a rewards program for creators to earn money from creating videos. X Money, however, plans on making fast payments within the app, effectively replacing traditional banks. Further, Musk is often affiliated with crypto brands like Dogecoin . However, Musk had to abandon plans to allow Tesla cars to be purchased with crypto due to environmental concerns regarding proof-of-work algorithms. Visa announced earlier this year that they were the first payment service to collaborate with X Money. Visa users can send money directly to X Money from their accounts. X Money, however, has got competition, especially from Asian markets. WeChat, for example, already integrates payments into its social media app. Linda Yaccarino, X’s CEO, stated that X Money would most likely be released later in the year and include peer-to-peer functionality for Visa holders. X users would be able to send payments to other X users with ease. Musk has been talking about an ‘everything app’ for some time now. However, whether Musk will enable cryptocurrencies like XRP and Dogecoin on X Money. Musk has promoted Dogecoin and invested in a Bitcoin treasury with his company, Tesla . Trump tapped Musk to advise a government department called DOGE, which was an apparent reference to Dogecoin. Since Musk bought Twitter in 2022 and rebranded it as X, there has been speculation that he would convert it into a crypto payment app. Elizabeth Warren, a Democratic Senator, has a more critical take on Musk’s X Money, suggesting that Musk is seeking to collect people’s financial data to make up for losing so much money on X. Warren also sees Musk as colluding with Trump to enrich himself and his company. Musk bought Twitter for $44 billion and immediately indicated he wished to transform the troubled social media platform into X, an everything app. Linda Yaccarino, X’s CEO, announced at the time that X would include multiple media formats, banking services, and unlimited interactivity. There has always been speculation that X would consist of Bitcoin transactions. However, X Money was expected to be launched in mid-2024, but this has been further delayed. However, Musk suggests that extra care had to be taken when dealing with users’ savings. President Trump took office in January and appointed Musk as the head of the DOGE department. The increased interaction between Musk and Trump may further empower X Money to endorse cryptocurrencies, including Bitcoin, XRP, and Dogecoin.
This week began on a good note for Dogecoin , as the popular dog-themed meme coin slowly regains upward traction, reclaiming and holding strongly above the $0.22 support level. DOGE’s gradual growth may just be the beginning of something significant due to recent developments that point to an impending rally. Chart Pattern Flashes Bullish Signal For Dogecoin Dogecoin has briefly recovered from a bearish weekend, reflecting its resilience during the waning market performance. After delving into recent price actions, Trader Tardigrade, a crypto analyst on the X platform, has outlined the potential for a continued bullish movement as DOGE shifts toward an uptrend. In his analysis, Trader Tardigrade contends that DOGE might be gearing up for its next upside move, supported by the formation of a key technical pattern. This chart pattern, which signals a trend reversal, comes after a phase of sideways consolidation and declining momentum . Specifically, this chart formation is the Double Doji Candlestick pattern, a key indicator of a trend continuation or a possible reversal. It often unfolds when two Doji candles follow each other or when the opening and closing of a candlestick are equal. According to the technical expert, the double doji candlestick pattern has emerged on the 1-day chart, which suggests significant indecision in market sentiment. Since the emergence of a double dojo usually precedes price spikes, the meme coin is likely to witness a breakout and a shift toward an upward trend. Trader Tardigrade’s forecast is further backed by past scenarios where Dogecoin underwent a notable rise following a double doji candlestick, particularly in 2023. When this pattern occurred in 2023, it triggered a price surge from the $0.28 level to the $0.34 threshold. With the setup unfolding again, the expert anticipates a similar price action, pushing DOGE from the current levels to $0.27 in the upcoming days. DOGE’s move back to this level alongside a strong bullish market sentiment may lead to a new phase of upward action. A Major Rally Toward A New All-time High Looking at DOGE’s price performance in a larger time frame, the expert has predicted a potential significant surge to a new all-time high by Q3 of this year. Trader Tardigrade points to a consolidation above a descending resistance trend line in the 1-week chart, laying the groundwork for a huge rally as seen in the last pre-pump structure. The last time the meme coin consolidated above a descending resistance trend line in 2024, the development led to a notable upswing from $0.108 to $0.48. Given the past result and the potential of a similar price action taking place, Trader Tardigrade is confident that Dogecoin might experience an explosive move to the $0.8 mark and beyond.
Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings. Cantor announced its Bitcoin financing business with an initial capital of $2 billion in July 2024, targeting institutional investors seeking to leverage their Bitcoin. At the time, the company said Anchorage Digital and Copper would serve as custodians and collateral managers in the venture. Credit markets are a fundamental part of the financial system, allowing capital to flow between borrowers and lenders and supporting economic activity across sectors. Their central role also means they can contribute to financial distress when risks are mismanaged. While mirroring some functions of traditional finance, crypto credit markets have been operating with less regulatory oversight. Digital asset crisis of 2022 This dynamic was evident during the 2022 crisis in the digital asset sector. Celsius Network, once a leading crypto lending platform, collapsed after engaging in risky financial practices and facing allegations of fraud. Similarly, BlockFi filed for Chapter 11 bankruptcy in November 2022 following significant exposure to the collapse of crypto exchange FTX. According to a report from Galaxy, the total crypto lending market, including crypto-backed collateralized debt positions (CDPs) tied to stablecoins, stood at $36.5 billion in the last quarter of 2024, marking a 43% decline from its all-time high of $64.4 billion in 2021. Despite the broader contraction, onchain lending platforms have seen a dramatic rebound, with open borrowed positions surging to $19.1 billion by Q4 2024, a 959% increase over two years. Crypto lending markets remain well below their Q1 2022 peak. Source: Galaxy Cantor’s crypto arm Cantor is one of the most traditional financial services companies in the United States. Founded in 1945, it offers a range of services for institutions, including investment banking, brokerage, equity and fixed-income sales and trading. The company claims to serve over 5,000 clients across 20 countries. The company’s CEO, Howard Lutnick, has been an advocate for classifying Bitcoin as a commodity, akin to gold and oil, and has called for clearer regulatory frameworks for cryptocurrencies in the US. Lutnick was also appointed to co-lead US President Donald Trump’s transition team in 2024. Cantor is also one of the managers of Tether’s US Treasury securities portfolio backing its stablecoin. In early 2024, the firm acquired a 5% stake in Tether. Magazine: Unstablecoins: Depegging, bank runs and other risks loom
Cryptocurrency analysis firm Alphractal has published a remarkable assessment of the Bitcoin market. By examining derivatives trading data from the past four years, the company identified price zones where Bitcoin showed low trading volume and weak trading activity. It was noted that these zones could be retested in the coming months. According to Alphractal’s analysis, Bitcoin has historically traded sparsely at $99,000, $89,000, $81,000, $77,000, and $74,000. Such low-volume zones coincide with periods of rapid price movement or weak investor interest. The firm said these gaps are typically retested within a year. Related News: Bitcoin's Mega Rally Has Stalled: What's Next? What Are the Key Levels? On the other hand, it is observed that US-based investors have returned to the market strongly. Alphractal stated that during Bitcoin's recent rise, the Coinbase Premium Index has moved back into positive territory. This index measures the price difference between Coinbase and other major exchanges. A positive index indicates that buying pressure is increasing in the US market and means that Bitcoin is trading at a premium to Coinbase. Alphractal stated that this development particularly reflects the optimism of institutional investors and capital inflows originating from the US. The company states that this signal should be monitored carefully. *This is not investment advice. Continue Reading: Analysis Firm Warns: “Bitcoin Price Will Not Forget These 5 Levels, May Test Them”
U.S. stocks soared Tuesday after President Donald Trump agreed to delay a proposed 50% tariff on European Union imports. This pause eased investor concerns over an escalating trade war and paved the way for accelerated negotiations. The Dow Jones Industrial Average rose nearly 740 points while the S&P 500 climbed 2.05%. The tech-heavy Nasdaq Composite jumped 2.46%, with shares of Nvidia, Tesla, and Apple posting strong gains. Markets reopened following the Memorial Day holiday to a flurry of positive signals. U.S. President Donald Trump said over the weekend that the tariff hike, initially set for June 1, would be pushed back to July 9 following talks with European Commission President Ursula von der Leyen. The European Union, in turn, agreed to expedite trade discussions in hopes of averting the “mutual pain of tariffs,” according to EU trade chief Maroš Šefčovič. You might also like: Is XRP a smart investment choice? Ways to boost returns in 2025 Consumer confidence rebound Investor sentiment was further buoyed by a rebound in consumer confidence, which rose in May after five months of declines. Tuesday’s broad market rally saw more than 90% of S&P 500 components close higher. Small-cap stocks also gained, with the Russell 2000 up more than 2%. The optimism extended to the bond market, where U.S. Treasurys rallied and yields fell . The 10-year yield slipped to 4.43%, while the 30-year yield dropped to 4.94%. The dollar strengthened, and global bond markets responded positively to speculation that Japan will scale back long-term bond issuance after recent volatility. Investors are now turning attention to a busy week of economic data and earnings. Minneapolis Fed President Neel Kashkari called for the central bank to hold interest rates steady amid ongoing trade uncertainty. Meanwhile, Nvidia is set to report quarterly results Wednesday, with Okta, Macy’s, and Costco also on deck. Tuesday’s rally helped reverse last week’s losses, which were triggered by Trump’s initial tariff threats. Analysts say the back-and-forth has kept markets volatile but hopeful. You might also like: Kyvo and Optio Community partner with HolyDeeds to bridge faith and technology
Bitcoin is hovering near $110,000 on Tuesday, and on-chain data suggests capital is rotating from the leading cryptocurrency into altcoins like XRP, Solana, and Cardano. Ethereum-rival Solana and top-five crypto XRP are now competing for dominance in both retail and institutional portfolios this cycle. Legendary trader Peter Brandt recently reignited the debate on X, asking followers to choose between XRP and Solana ( SOL ) for a hypothetical $100,000 investment. The statement led to an intense debate, with latest catalysts supporting the price trend for both altcoins, it rages on. Table of Contents XRP vs. Solana Catalysts driving gains in XRP Catalysts driving SOL gains XRP and Solana price forecast To buy or not to buy: XRP or Solana for $100,000? XRP vs. Solana XRP, the native token of the XRP Ledger, currently holds a market capitalization of $135.65 billion, compared to Solana’s $91.66 billion. Both rank in the top 10 cryptocurrencies by market cap. Recent developments in the U.S. Securities and Exchange Commission vs. Ripple lawsuit triggered the re-listing of XRP across major exchanges, contributing to its return to the top five cryptos by market cap. Ethereum’s ( ETH ) slowdown and technical complexity associated with developing on the platform led to the rise of Solana and Layer 2 chains. Solana-based DEXes and meme coin launchpads pushed the chain’s TVL higher and made SOL Ethereum’s mainstream competitor. XRP vs. Solana wars continue with Peter Brandt’s recent tweet: Let's say I will buy $100,000 of either $XRP or $SOL this week — no other option but ONLY one of the two please Which one? State your case 40 words max or I'll ignore Remember, XRP or SOL – only choices pic.twitter.com/cNikoRICfd — Peter Brandt (@PeterLBrandt) May 25, 2025 While both altcoins compete for their place in the top 10, XRP is focused on facilitating transactions on the XRP Ledger and real-world utility, while Solana is geared towards supporting smart contract development, meme coin development and launches, and competing with Ethereum layer-2 dApps. The key difference between the two is Ripple’s future plans for XRP and the Solana Foundation’s roadmap for the development of SOL. You might also like: Recent trend has XRP holders backing this new AI asset manager Catalysts driving gains in XRP XRP has surged 12% year-to-date and 59% in the last six months, supported by three major catalysts: The end of the long-drawn legal battle between the SEC and Ripple, the cross-border payment remittance firm. It is important to note that the legal battle led to XRP’s delisting across leading exchange platforms and resulted in a decline in the token’s price across exchanges. The lawsuit’s end and the $50 million settlement that followed eased the concerns of XRP token holders and fueled a return to the January 2025 peak of $3.40. The SEC shared an update on the WisdomTree XRP Spot ETF, announcing the end of the “public comment solicitation” phase and initiation of further review procedures. This does not imply an approval or rejection, but progress toward a final decision from the regulator. A Dubai government agency recently debuted its first real estate tokenization platform with Prypco Mint, a fintech firm. The firm uses the XRP Ledger to tokenize title deals for real estate, and the plan is to tokenize $16 billion worth of Dubai’s real estate market by 2033. Catalysts driving SOL gains The top three catalysts powering Solana’s price gains, a 19.50% monthly gain and nearly 7% gains in the last seven days, are: The launch of meme coin launchpad Pump.fun in January 2024 and several meme tokens on the Solana blockchain drove the chain’s total value of assets locked and transaction volume higher throughout the past year and 2025. U.S. President Donald Trump and First Lady Melania launched their meme tokens on the Solana blockchain, supporting the SOL-based meme coin ecosystem and driving higher trade volume and transaction activity on the chain. A recent shift in Solana’s strategy, from being a smart contract blockchain to a key influencer in crypto policy and strategy, is evident from the Solana Accelerate 2025 conference Day 2 on May 26. Senator Bill Hagerty, Senator Rick Scott, and Representative French Hill discussed the current state of U.S. crypto regulation with Solana Institute’s Kristin Smith during the conference, positioning SOL as a leader in policy circles. You might also like: Solana will underperform Ethereum by the end of 2025: Standard Chartered XRP and Solana price forecast XRP ended its downward trend and consolidation phase with a breakout to $2.65 in mid-May 2025. The altcoin is ranging under resistance R1 at $2.50 at the time of writing. XRP is 7% away from its closest resistance at R1. The other two key resistances on its path to the January 2025 peak of $3.40 are R2 at $2.80 and the psychologically important level of $3. Two key momentum indicators, RSI and MACD, show mixed signals for XRP’s price. RSI reads 50, above the neutral level and sloping upwards. MACD shows red histogram bars below the neutral line, meaning the momentum underlying XRP’s price trend is negative. Conversely, XRP could find support at the lower boundary of an FVG on its daily price chart at $2.17. XRP/USDT daily price chart | Source: Crypto.news Solana is currently in an upward trend. The Ethereum-alternative token recently ended its consolidation and started a rally towards the February 17 peak, represented as R1 on the SOL/USDT daily price chart. SOL is currently trading 6% below R1. The next key resistance is the psychologically important level of $200 and R2 at $218.40. RSI reads 61 and is sloping upwards; MACD supports a bearish thesis. Despite the mixed signals, Solana’s technical indicators are bullish on higher timeframes. Solana could collect liquidity at the $147 support if Bitcoin observes a flash crash. SOL could attempt a return to the upper boundary of the FVG at $168 and rally toward the $180 level when recovering from a prospective decline. SOL/USDT daily price chart | Source: Crypto.news To buy or not to buy: XRP or Solana for $100,000? Traders that rotate coins in their portfolio frequently, realize gains, and rotate capital to other altcoins or meme coins may prefer Solana for its volatility. Investors with a long-term investment horizon may consider XRP for its utility, use case, and real-world adoption. Solana’s 2025 roadmap, the upcoming rollout of its blockchain phone, and other products in the pipeline are likely to support a bullish thesis and gains in the altcoin, and sustain the volatility. XRP and Bitcoin’s correlation coefficient is 0.49, and for Solana and Bitcoin it is 0.94, according to data from Macroaxis. This implies Solana is highly correlated to Bitcoin, volatility and price swings in the largest cryptocurrency could influence Solana’s price trend. It is not the same case with the second largest altcoin, XRP. To spend $100,000 on a Solana or XRP token purchase would therefore depend on the objective, target, and time horizon for the trader. Peter Brandt has supported bullish theses for both SOL and XRP at various times in his tweets on X. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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XRP remains stable during downturns with potential for future peaks. ETF approval and Ripple's growth are key factors for XRP's future performance. Continue Reading: Discover How XRP Maintains Its Strength in a Volatile Market The post Discover How XRP Maintains Its Strength in a Volatile Market appeared first on COINTURK NEWS .