Private credit defaults are rising, and Trump's actions are causing market uncertainty. Analysts predict significant activity for the ETHBTC pair, potentially leading to a relief rally. Continue Reading: Will Cryptocurrency Prices Soar or Get Stuck in Neutral? The post Will Cryptocurrency Prices Soar or Get Stuck in Neutral? appeared first on COINTURK NEWS .
Key Takeaways: Senators Warren and Merkley demand an ethics review of Trump’s $2 billion UAE-linked stablecoin deal. UAE investment via Binance raises red flags about foreign influence and potential constitutional violations. Controversy may delay key crypto legislation through 2025. A political and financial scandal involving a Trump-backed stablecoin and a UAE-linked investment deal has sparked intense scrutiny from lawmakers and national security experts. U.S. Senators Elizabeth Warren and Jeff Merkley call for an immediate ethics investigation into what they describe as “a staggering conflict of interest” surrounding the USD1 stablecoin, World Liberty Financial (WLF), and a $2 billion foreign investment routed through Binance. Can USD1 Become a Vehicle for Foreign Influence? In a letter dated May 5, the senators addressed to the Office of Government Ethics, warned that the deal could open “startling” levels of foreign influence into U.S. governance and may violate constitutional boundaries by financially benefiting President Trump and his inner circle. Central to the controversy is World Liberty Financial, a cryptocurrency company backed by President Trump , his family, and Special Envoy to the Middle East Steve Witkoff. Witkoff’s son, Zach Witkoff, co-founded WLF, which recently launched the USD1 stablecoin. The USD1 stablecoin is pegged to the U.S. dollar. The digital asset is now the 5th-largest stablecoin globally, with a market cap exceeding $2 billion. World Liberty Financial USD1 is the 5th largest stablecoin in the crypto market/ Source: CoinMarketCap According to the senators, a deal is underway for MGX, a UAE state-backed investment firm, to invest $2 billion into Binance using the USD1 stablecoin . If finalized, it could generate millions of dollars for the Trump and Witkoff families through transaction fees, token issuance, and other revenue streams. Warren and Merkley argue that this creates a “backdoor for foreign kickbacks and bribes,” exploiting the crypto system’s opacity to enrich political elites while evading scrutiny. They noted that WLF would not only earn direct revenues from the USD1 transactions but could also earn profits from investing the $2 billion deposit. Is the UAE Trading Crypto for U.S. Tech Secrets? The deal has broader implications. Sheikh Tahnoun Bin Zayed Al Nahyan, chairman of MGX and the UAE’s National Security Advisor, is a key figure. Dubbed the “Spy Sheik,” Tahnoun oversees the UAE’s surveillance and intelligence operations and is also chairman of G42, a tech firm flagged by U.S. officials for its extensive ties to Chinese entities. Tahnoun has also lobbied the U.S. government to relax export controls on advanced AI chips. His recent meeting with President Trump raises questions about whether the crypto deal is part of a broader quid pro quo as the UAE seeks access to strategic U.S. technologies. Tonight, in the White House, I warmly welcomed UAE National Security Advisor H.H. Sheikh Tahnoon bin Zayed Al Nahyan to meetings and a dinner with many notable, senior U.S. officials. The evening demonstrated the long-standing ties and bonds of friendship between our countries.… — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) March 19, 2025 Experts fear loosening AI export controls could empower authoritarian regimes and undermine U.S. leadership in AI. Will the Scandal Suspend Crypto Legislation? The scandal comes amid renewed debate over stablecoin regulation. Senator Warren, a leading proponent of the GENIUS Act , a bill seeking to regulate stablecoins, took to X on May 4 to criticize the USD1 deal: “The Trump family stablecoin surged as one of the largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money.” The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money. The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption. pic.twitter.com/4is9KgpXQb — Elizabeth Warren (@SenWarren) May 4, 2025 She added that no crypto bill should move forward in the Senate until these ethical and national security concerns are addressed. While some lawmakers push for additional hearings before advancing any legislation related to digital assets, House Financial Services Committee ranking member Maxine Waters announced plans to block a Republican-led event on May 6, intended to discuss stablecoin policy and digital assets. Still, some crypto leaders downplay the alarm. For example, Ryan Selkis, founder of Messari, argued that stablecoin investments are simply directed into U.S. Treasuries and don’t amount to personal payouts to the Trump family. Dear @SenWarren : 1. Investments in stablecoins are investments in US Treasuries, not gifts to the Trump family. 2. World Liberty’s stablecoin is 3. Your corruption with SBF and the 2023 ChokePoint 2.0 warrant jail time. Dems will now be punished. https://t.co/WWRUjwFMo5 pic.twitter.com/fxwUhqrXD2 — Ryan Selkis (d/acc) (@twobitidiot) May 6, 2025 He also noted that USD1 still accounts for less than 1% of the total stablecoin market. Frequently Asked Questions (FAQs) Why would Binance risk involvement with Trump-linked stablecoins? Following its $4.3 billion settlement with U.S. regulators and the resignation of its founder, Changpeng Zhao, who later served a prison term for money laundering, Binance seeks Middle Eastern growth but faces new scrutiny over the UAE deal. The exchange is the recipient of the $2 billion investment, which will be executed using USD1. How does the USD1 stablecoin transaction compare to traditional banking? Eric Trump has criticized the inefficiency of traditional banking systems, indicating that stablecoin transactions like USD1 can settle in minutes, whereas international bank transfers via SWIFT can take over a day. The post U.S. Senate Ethics Uproar: Will Trump’s $2B UAE Stablecoin Stall Crypto Bills? appeared first on Cryptonews .
The post XRP Price Heading Towards the Critical Support-Will it Drop Below $2? appeared first on Coinpedia Fintech News Lately, the XRP price has refrained from displaying massive moves with a potential to march towards the higher targets. Meanwhile, the drop in the strength of the bulls could raise some concerns for the upcoming price action. The price has been moving quietly, down by 5.34% since the start of the week after losing a similar margin during the weekend. However, the bears have held a tight grip over the rally, which suggests the support at $2 could be broken in the coming days. The XRP price is in the state of confirming a bearish pattern in the short term as it heads towards the critical support zone around $2.04. A drop below the range is expected to initiate a further decrease. However, breaking the range could present some challenge, as the bulls have captivated the range and have prevented it from draining below the range. However, the volatility of the token has slashed hard, which suggests the price may remain consolidated for a while before initiating the next price action. The daily chart of XRP price suggests the token is trading on a crucial support at the 200-day MA at $2.07. Although the token has triggered a rebound, the bullish divergence is yet to be validated, which could occur once the price rises above the average bands of the Bollinger. These bands are going almost parallel to each other, hinting towards a drop in the volatility as the bulls and bears are failing to exert pressure. Meanwhile, the RSI and MACD hint towards a bearish continuation, which could raise some concerns. The MACD, which has just risen into the positive range, triggered a bearish crossover and is heading back into the negative range. Besides, the RSI has been maintaining a steep descending trend and plunged below the average range. This suggests a significant drop in the strength of the rally that may compel the price to remain within a consolidated range. Hence, the XRP price is believed to drop below the descending trend line for a while, which could attract buying volume, but a rebound to $2.5 remains highly dependent on the volume induced. Therefore, the buy zone for the XRP price could be around $1.85, which is a strong support and a potential reversal area, triggering an entry. A confirmed bounce from the range between $1.85 and $1.90, the targets could be $2.95 after surpassing $2.5 and later at $3.39 and $3.87.
Re-rating in progress: SUI’s fundamentals tell a bigger story. SUI’s stablecoin supply is closing in on the $1 billion milestone, and its monthly growth has outpaced Cardano. Is a leaderboard
In a bold and definitive statement that is already reverberating across the digital asset industry, U.S. Treasury Secretary Scott Bessent has declared his opposition to the issuance of a central bank digital currency (CBDC) by the Federal Reserve. According to Amelie , Secretary Bessent framed a CBDC not as a sign of strength, but rather as “a sign of weakness,” underscoring a notable shift in the federal government’s view of the future of digital currencies. This perspective places the spotlight squarely on private-sector innovations such as U.S. dollar-backed stablecoins, including Ripple’s RLUSD , as viable and more agile alternatives to a government-controlled digital dollar. The implication is clear: rather than centralizing control through a CBDC, the Treasury appears to be embracing a decentralized, market-driven path for digital monetary innovation. BREAKING: TREASURY SECRETARY SCOTT BESSENT SAYS A CENTRAL BANK DIGITAL CURRENCY (CBDC) IS A SIGN OF WEAKNESS & HE WOULD NOT SUPPORT THE FED ISSUING ONE! US-DOLLAR BACKED STABLECOINS LIKE RIPPLE’S STABLECOIN RLUSD WILL BE THE FUTURE! #XRP pic.twitter.com/58ATyQ1EzF — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 6, 2025 A Rejection of the CBDC Model Bessent’s position comes at a time when nations around the world are testing and rolling out CBDCs as part of their monetary modernization strategies. Yet the U.S., long known for letting the private sector lead in innovation, seems poised to diverge from this global trend. In calling CBDCs a “sign of weakness,” Bessent suggests that relying on a government-mandated digital currency could indicate a lack of faith in private market efficiency and competitiveness. His remarks also reflect mounting concerns about the surveillance potential and overreach that a CBDC could introduce. Critics have warned that such tools could give governments excessive power over individual financial freedoms and privacy. By choosing to elevate stablecoins instead, the Treasury signals a preference for solutions that preserve market autonomy while delivering real-time, cost-efficient settlement infrastructure. Ripple’s RLUSD at the Forefront Ripple’s stablecoin, RLUSD , is emerging as one of the most promising instruments in this next phase of digital currency evolution. Built on the XRP Ledger, RLUSD is designed for speed, scalability, and regulatory compliance—qualities that position it as an optimal vehicle for cross-border payments, real-world asset tokenization, and decentralized financial applications. With Ripple’s institutional experience, global regulatory licenses, and deep liquidity infrastructure, RLUSD is not merely another stablecoin; it’s a pillar in the architecture of tomorrow’s financial system. Secretary Bessent’s support for dollar-backed stablecoins implicitly gives credence to Ripple’s long-standing argument that innovation should happen on open, secure, and interoperable platforms, not through rigid central command. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Regulatory Greenlight for the Private Sector The endorsement of stablecoins by one of the highest economic authorities in the U.S. government also provides clarity for policymakers and institutional players. With a growing number of enterprises looking to integrate blockchain-based solutions into their operations, Bessent’s comments could act as a catalyst for increased adoption and investment in compliant, asset-backed tokens like RLUSD. Already, Ripple has used RLUSD in initiatives that blend social impact with innovation, such as its recent $25 million education fund. As the stablecoin gains traction, its role in facilitating dollar-denominated transactions with speed and finality could make it indispensable not only for crypto-native projects but also for traditional finance seeking blockchain rails. Scott Bessent’s outright rejection of a U.S. CBDC marks a pivotal moment in the American approach to digital finance. By elevating stablecoins like Ripple’s RLUSD as the future of monetary innovation, the Treasury is signaling a belief in the decentralized potential of blockchain and in the private sector’s ability to lead responsibly. As shared by Amelie on X, this position reflects a deeper alignment with the principles of financial autonomy, efficiency, and innovation, all of which are rapidly coalescing around compliant stablecoin ecosystems. The race to modernize money is on, and if the Treasury’s direction holds, Ripple’s RLUSD could be one of its most important contenders. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post U.S. Treasury Secretary Rejects CBDC, Backs Ripple’s RLUSD as Future of Digital Finance appeared first on Times Tabloid .
The post Breaking: New Hampshire Becomes First U.S. State to Officially Hold Bitcoin in State Reserves appeared first on Coinpedia Fintech News In a major first for the United States, New Hampshire has passed a new law allowing the state to hold Bitcoin as part of its financial reserves. The bill, known as HB 302, was signed into law on May 6, 2025, by the state’s Governor. This makes New Hampshire the first state in the nation to create a Strategic Bitcoin Reserve Fund. The law gives the state’s Treasurer the power to buy Bitcoin and other major digital assets directly or through a regulated investment product like an exchange-traded product (ETP). However, there’s a limit — the state can only hold up to 5% of its total funds in Bitcoin to balance risk. NEW: New Hampshire becomes the first U.S. state to pass a strategic $BTC reserve into law, authorizing the treasurer to purchase the world’s largest digital asset directly or through an ETP. https://t.co/pPZsIqaoIv — Eleanor Terrett (@EleanorTerrett) May 6, 2025 To ensure safety, the law requires all digital assets to be stored under strict U.S.-regulated custody, either in state-controlled wallets or with approved custodians. The new policy will officially take effect 60 days after its signing. The bill was inspired by a model created by the nonprofit group Satoshi Action, which works to educate lawmakers about Bitcoin and digital assets. Dennis Porter, the group’s CEO, said this is more than just a bill — it’s the start of a movement. “New Hampshire didn’t just pass a bill; it sparked a movement,” Porter said. Several important figures helped make this happen, including Rep. Keith Ammon, an early Bitcoin supporter, Majority Leader Jason Osborne, and the New Hampshire Blockchain Council. This landmark decision could open the door for other U.S. states to follow New Hampshire’s lead as interest in Bitcoin-backed financial reserves grows nationwide.
New Hampshire's move may inspire other states to diversify reserves with digital assets, potentially reshaping state treasury strategies nationwide. The post New Hampshire passes first bill to establish Bitcoin reserve appeared first on Crypto Briefing .
The 2025 crypto market is accelerating, and investors are watching closely as a select group of assets separates from the pack. MAGACOINFINANCE , Bitcoin (BTC) , Solana (SOL) , and XRP are now among the names gaining serious traction—each offering a unique mix of credibility, community strength, or early-stage upside. MAGACOINFINANCE – Quiet Momentum, Loud Potential MAGACOINFINANCE has now raised over $7.8 million , with 12,500+ holders joining early. Unlike headline-driven hype tokens, MAGACOINFINANCE is building a deliberate, focused narrative—centered on strategic branding, investor alignment, and long-term expansion. Early-stage buzz continues to rise across Telegram, forums, and X. With a 50% bonus still available (promo code: MAGA50X ), early buyers are locking in allocations ahead of the $0.007 listing. Bitcoin (BTC) – Still the Market Anchor Bitcoin is holding steady near $95,000 , showing renewed strength following a 14.5% April gain . Institutional adoption remains high, driven by ETF flows and macro uncertainty. Analysts are forecasting a potential move toward $132,000 in May. As capital returns to large caps, BTC continues to set the tone for overall market momentum. Solana (SOL) – Dominance in Speed and Scale Solana maintains its position between $145 and $150 , fueled by strong NFT activity and the recent approval of a Canadian SOL ETF. With bullish sentiment and rising DeFi volume, SOL is poised for a potential run toward $180+ , supported by its growing appeal to developers and traders alike. XRP – Institutional Momentum Accelerates XRP , priced near $2.15 , continues to benefit from ETF-driven optimism. CME Group’s plans to launch XRP futures by May 19 could push XRP beyond its $2.45 resistance. With regulatory clarity strengthening and cross-border adoption on the rise, XRP remains one of 2025’s most credible contenders. Final Thoughts Whether it’s the foundational power of Bitcoin , the scalability of Solana , the institutional wave behind XRP , or the early-stage appeal of MAGACOINFINANCE , these assets are setting the tone for crypto’s 2025 cycle. Investors ready to move strategically are already watching—and acting. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Solana, XRP, and Ethereum Are Showing Early Signs of a Q2 Altcoin Revival
The cryptocurrency market is buzzing with excitement as the rise of alternative coins gains momentum. With major names like Cardano , XRP , and Polkadot catching investors' eyes, questions arise about how far their values might surge. This article delves into the factors fueling this trend and explores the potential highs these digital assets could reach. Cardano: Strong 6-Month Surge with Cautious Recent Moves Modest gains of 1.38% over the past month contrast with an impressive rally of 82.14% over the last six months. Price action has shown a gradual recovery and a decrease in volatility, indicating a strong upward trend despite recent market challenges. Current trading sees ADA in a range of $0.55 to $0.78, with resistance at $0.88 and support near $0.41. Bears currently hold some influence with negative momentum, while bulls have not yet established a strong presence. Traders might consider entering positions near support and targeting profit on a break above resistance, always prioritizing risk management strategies. XRP's 291% Six-Month Surge Amid Recent 1-Month Dip XRP recorded a strong surge over the past six months with a 291% gain, while the last month saw a slight decline of 1%. The coin’s price history shows notable volatility, with rapid moves reflecting early accumulation and later profit-taking. A one-week drop of 7.59% adds to the mix, painting a picture of a coin that has experienced both significant upward movement and recent pullbacks. Current trading places XRP within a range of $1.75 to $2.50. Immediate support is at $1.31, with resistance at $2.80. The near-neutral RSI at 45.37 and slight negative momentum indicators hint at a market where bears currently exert some pressure, suggesting a cautious trading approach between these key levels. Polkadot's Modest Declines Amid Mixed Signals DOT dipped slightly over the last month with a decline of 0.51% and saw a larger drop of 7.53% in just one week. Over the past six months, the performance shows a decline of 4.61%. Price values fluctuated between approximately $3.41 and $4.54, reflecting limited movement. Historical performance indicates modest volatility, remaining within a stable range despite occasional sharper short-term declines. Currently, prices are in the $3.41 to $4.54 range, facing immediate resistance at $5.03 and support near $2.77. Bearish pressures prevail, with momentum indicators and moving averages suggesting caution. No clear trend is in sight. Traders might consider small positions within these levels while closely monitoring for potential breaks in support or resistance for future trading opportunities. Conclusion Cardano (ADA) , XRP , and Polkadot (DOT) are showing potential. ADA continues to impress with its robust platform and active community. XRP benefits from ongoing developments and regulatory clarity. Polkadot stands out for its innovative technology and partnerships. While the current trend is promising, monitoring market dynamics remains essential. Future growth will hinge on broader adoption and ongoing innovation in the crypto space. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
At Sui Basecamp, macro investor and Real Vision co-founder Raoul Pal delivered a characteristically sweeping address that framed the current crypto market environment as the beginning of what he called a “liquidity-driven supercycle” — with Bitcoin potentially reaching $450,000 before the end of it. Drawing from over three decades of macroeconomic research, Pal outlined his thesis through the lens of what he terms the “Everything Code,” a framework that centers on global liquidity, debt cycles, and currency debasement as the core forces shaping asset prices across all markets. Why $450,000 Bitcoin Is Possible? “Bitcoin’s year-on-year rate of change is driven by financial conditions with a three-month lag,” said Pal, pointing to the remarkably consistent correlation between total global liquidity and the price action of major assets. “The correlation between Bitcoin and global liquidity is 90%, and with the Nasdaq, it’s 95%. It’s hard to refute that this is not what is happening.” According to Pal, this correlation is not incidental — it is structurally tied to how the modern macro system operates, especially in a post-2008 world characterized by chronic debt overhang and systematic liquidity injections. Pal emphasized that most people misunderstand the true driver of crypto cycles. “Everyone talks about the halving, but this is about the debt refi cycle. Every four years, global debt rolls over, and central banks are forced to pump liquidity to avoid systemic collapse.” He added that the average maturity of global debt is four years, concentrated in the three- to five-year sector, which naturally produces cyclical liquidity waves that coincide with market booms in crypto. The mechanism, Pal argued, is a global financial shell game: “Scarce assets keep going up in price — real estate, equities, art, gold. Young people can’t afford them. What’s actually happening is a global taxation of 8% a year you don’t understand. Add in another 3% global inflation, and you’re looking at 11% debasement.” In this context, Bitcoin — with its fixed supply and decentralized nature — becomes, in Pal’s view, a rational escape valve for capital. Related Reading: Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows Notably, Pal referred to Bitcoin as the single best-performing asset in all of financial history, citing a 27.5 million percent return since 2012 and an average annualized return of 130%, despite massive drawdowns. “Nothing has ever come close,” he said, before comparing its performance to that of Ethereum (113%) and Solana (142%), with the caveat that Solana’s data covers a shorter timeframe. While some of his statements may appear hyperbolic, Pal backed them with a detailed macro analysis and time-tested indicators. He invoked his use of Demark indicators — a technical analysis tool — which flagged significant market turning points in prior cycles, and are now suggesting a breakout continuation for Bitcoin. According to his models, should the ISM (Institute for Supply Management) Manufacturing Index reach a level of 57, Bitcoin could be fairly priced at $450,000. “Is it exact? No. But all the people who are saying it’s going to $150K or $250K are probably scarred from the last cycle,” Pal argued, stressing the importance of forward-looking data. Related Reading: Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon? He also dismissed current bearish sentiment as misguided and backward-looking: “People are creating narratives for today to explain liquidity conditions from three months ago,” he said, criticizing popular economic commentary on platforms like X. To Pal, the market has already priced in recent economic weakness — including fears surrounding tariffs, the slowing economy, and geopolitical tensions — and is beginning to pivot toward the next liquidity expansion phase. “Bitcoin’s already priced it down to 47.4 on the business cycle indicator,” he said, referencing data that had only just come out the day before. “But financial conditions lead by nine months, and they’re turning.” When Will BTC Peak? Pal’s broader view is that we are now entering “the banana zone,” his term for the high-velocity portion of the crypto cycle where prices move sharply upward. “Every cycle looks the same. Breakout, retest, banana zone. We’ve had banana one, the corrective zone, banana two. What’s next is banana three.” He believes the current setup is unusually strong due to a confluence of factors: synchronized global liquidity expansion, a weakening dollar, central banks beginning to ease, and retail plus institutional underexposure to risk assets. As he concluded his speech, Pal reinforced his thesis with urgency but caution: “We’ve got the central banks debasing currency, giving us a gigantic tailwind. They don’t want the system to break. Every time something happens, they inject more liquidity. They’re giving you free money. And to take that money, you need the volatility.” He warned against overtrading, using leverage, or panicking during inevitable corrections. “Don’t f*** this up,” he said, referencing his own past mistakes during the 2017 bull run. “Hold on to your tokens. Be careful. Don’t get FOMO. Follow the liquidity.” Pal expects this cycle to extend potentially into Q1 or Q2 of 2026, especially if political dynamics around a possible Trump re-election push the liquidity cycle even further. Whether Bitcoin ultimately reaches $450,000 remains to be seen, but Pal’s thesis is clear: the macro tailwinds are aligned, the data supports it, and this may be — as he puts it — “the greatest macro opportunity of all time.” At press time, BTC traded at $94,191. Featured image created with DALL.E, chart from TradingView.com