The U.S. Securities and Exchange Commission (SEC) has postponed its final decision on the spot XRP exchange-traded fund (ETF) proposed by 21Shares. It has been reported that the process regarding the rule change application for the “21Shares Core XRP Trust”, which is planned to be listed on the Cboe BZX Exchange, has been extended. In the official document published by the SEC on May 20, 2025, it was stated that the evaluation process of the proposal for the fund named “21Shares Core XRP Trust” to be listed and traded as a “commodity-based investment fund share” under BZX Rule 14.11(e)(4) is ongoing. The first application was made on February 6, and the proposal was resubmitted with changes on February 12. Related News: Analysis Company Releases Predictions for the Fate of 41 Altcoins: Here's the List Bloomberg ETF analyst James Seyffart, who made an assessment on the subject, said that delays were expected and said: “Delays are to be expected for spot crypto ETFs. There are several more XRP ETP applications coming up in the coming days. Even if we were to see early approval from the SEC, it would be late June or early July at the earliest. The more likely time frame is Q4.” *This is not investment advice. Continue Reading: SEC Delays XRP Spot ETF Decision Again – Bloomberg Analyst Reveals Dates He Expects Approval to Come
In a pivotal development for the digital asset industry, the U.S. Senate has taken a significant step forward on the path to stablecoin regulation with the procedural advancement of the GENIUS Act—a comprehensive bill aimed at establishing a federal framework for the issuance and oversight of stablecoins. According to Eleanor Terrett , a Fox Business journalist closely following the legislation, the act has cleared a major hurdle, with sixteen Democratic senators crossing party lines to vote in favor of the measure, signaling a growing bipartisan consensus on the importance of regulating the rapidly evolving stablecoin market. This is a big first step towards passage of the GENIUS Act, and sixteen Democrats ended up changing their vote to support the bill. As I mentioned before, the legislation will now move to the debate and amendment process on the Senate floor, which will begin tomorrow night or… https://t.co/Z1OP2s9Tm8 — Eleanor Terrett (@EleanorTerrett) May 20, 2025 The legislative milestone marks the beginning of a critical phase for the GENIUS Act. As Terrett reported via her post on X, the bill will now advance to the debate and amendment process on the Senate floor. This phase is expected to commence as early as Tuesday night or Wednesday, depending on the outcome of a procedural vote on the motion to proceed. The amendment process will be a key opportunity for lawmakers to refine the provisions of the bill, address stakeholder concerns, and potentially align it more closely with evolving views on digital finance regulation. Political Timing and Strategic Considerations While Senate GOP leadership had been aiming for a final passage vote before Memorial Day, which falls on Monday, May 26, the timeline now appears uncertain. Procedural complexities and the potential for extended debate could push the final vote into early June. Nonetheless, the bipartisan vote signals strong momentum for the GENIUS Act and an increasing sense of urgency among lawmakers to establish clear rules around the issuance and management of stablecoins. The political calculus surrounding the GENIUS Act is nuanced. Stablecoins, which are digital tokens typically pegged to fiat currencies like the U.S. dollar, have grown into a multi-billion-dollar market, often operating in regulatory gray zones. Lawmakers on both sides of the aisle have expressed concern that without federal oversight, stablecoins could pose risks to consumer protection, financial stability, and national security. Republicans have generally supported the idea of nurturing innovation while ensuring market integrity, while a growing number of Democrats are acknowledging the potential of stablecoins to drive payment efficiency and financial inclusion. The vote by sixteen Democrats to support the GENIUS Act indicates that the legislative climate is warming toward thoughtful, measured regulation of digital assets. Industry Implications and Market Expectations If enacted, the GENIUS Act would create a federal licensing regime for stablecoin issuers, set reserve requirements to ensure backing by safe assets like U.S. Treasury bills, and establish clear guidelines for compliance and consumer protection. The bill is also expected to clarify the role of state regulators and the interaction between federal and state oversight, two contentious issues that have slowed past attempts at similar legislation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The implications for the crypto industry are profound. Leading stablecoin issuers such as Tether, Circle, and Ripple—all of which back their tokens with significant holdings in U.S. government debt—stand to benefit from legal clarity that would make institutional adoption more viable. According to data from Citibank, stablecoin issuers could become the largest private holders of U.S. Treasuries by 2030, further entwining the digital asset sector with traditional financial markets. The GENIUS Act’s progress also comes at a time when geopolitical and economic concerns have heightened interest in digitized U.S. dollars as reliable stores of value and mediums of exchange. Market participants are watching closely to see whether the legislation will provide the type of framework that allows for robust innovation while ensuring regulatory safeguards. A Crucial Juncture for U.S. Crypto Policy The Senate’s willingness to engage seriously with stablecoin legislation marks a turning point in U.S. crypto policy. For years, the lack of clear federal standards has created a patchwork of rules and enforcement actions that many in the industry believe have stifled innovation and driven investment overseas. The GENIUS Act could offer a much-needed reset, paving the way for domestic growth while reinforcing America’s leadership in financial technology. As the debate unfolds on the Senate floor in the coming days, all eyes will be on the amendment process and the final vote. Whether or not the bill clears the Senate before Memorial Day, the momentum behind it is undeniable. The bipartisan support it has already garnered underscores a rare alignment of interests around the need for digital financial infrastructure that is secure, transparent, and aligned with national economic goals. In this context, Eleanor Terrett’s ongoing coverage continues to provide vital insight into one of the most consequential legislative efforts for the future of digital finance. With each step closer to passage, the GENIUS Act brings the United States nearer to a regulatory framework that could shape not just domestic markets but the global financial system of the future. 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 GENIUS Act Gains Momentum in U.S. Senate. Here’s The Latest appeared first on Times Tabloid .
CoinMarketCap has unveiled a new tool that uses LLMs to answer top questions on each token tracked on the site. More and more crypto firms are finding new ways to integrate AI. On Tuesday, May 20, CoinMarketCap launched an AI tool that gives users expanded information about all tokens listed on the platform. The AI agents use CoinMarketCap data to explain price movements, offer price predictions, track social sentiment, provide news, and deliver general information about a given token. CMC AI is now live on all Coin Detail Pages. Get instant answers about price movements, token fundamentals, and sentiment with a single click. No more navigating multiple sources to understand what's happening with your assets. pic.twitter.com/78K6q9l2eC — CoinMarketCap (@CoinMarketCap) May 20, 2025 “In this first phase of CMC AI, we’re focusing on delivering insights where users need them most—directly on token pages,” said David Salamon, Chief Product Officer at CoinMarketCap. “Our AI is purpose-built for crypto, trained on our extensive market data, and designed to surface insights when users need clarity about specific cryptocurrencies.” You might also like: AI is creating a new class of entrepreneurs, and you’re either in or out | Opinion Salamon clarified that the goal is to enable users to get all the information they need on just one site. This helps users find the info they need more easily, without having to gather data from multiple sources. How CoinMarketCap’s AI works In a press release shared with crypto.news, CoinMarketCap explained how the new model functions. The tool interfaces with a large language model, such as OpenAI’s o3 reasoning model, providing it with a prompt that includes the latest price data. You might also like: Circle cofounder raises $18M for AI-native banking startup Catena Labs Once the results are generated, all users who click on one of the questions will see the same output. The responses are not generated in real time but are updated periodically. For major tokens, the AI updates answers every 30 minutes. For smaller tokens, updates are triggered if the price moves more than 2% within one hour. This model enables users to get instant answers without waiting for AI models to generate responses in real time. It also helps reduce API call costs for CoinMarketCap. Still, it’s important to note that LLMs do not always provide accurate responses and can be prone to hallucinations. Read more: AI is crypto’s redemption, and the next generation’s big bet | Opinion
Tariffs continue to be in focus during today’s trading session, as Walmart and Home Depot shared differing views on their impact. U.S. markets are still assessing the effect of tariffs on consumers. On Tuesday, May 20, the Dow Jones was trading at 42,679.23, down 112.84 points or 0.26%. The S&P 500 was at 5,942.07, down 0.36%, while the Nasdaq stood at 21,353, down 0.44%. Just days after Walmart announced potential price hikes due to U.S. tariffs, Home Depot offered a different perspective. In its first-quarter 2025 earnings report, the home improvement giant stated that it plans to keep prices steady. Rather than raising prices, the company has opted to shift production away from China, which currently faces an effective tariff rate of 30%. You might also like: Exclusive: Scaramucci warns tariffs could trigger recession, boost Bitcoin and Europe Still, Home Depot’s announcement may not be enough to lift sentiment. Wall Street analysts continue to warn about the broader economic impact of the recently resumed collection of student loans. Student debt, consumer sentiment rattles Wall Street The Department of Education under Donald Trump has resumed collections on student loans that had been paused for five years. This applies to borrowers in default, who may now face wage garnishment. Notably, JPMorgan estimated that renewed collections could reduce disposable personal income somewhere between $3.1 billion and $8.5 billion. Bank of America’s analyst Mihir Bhatia noted that low-end consumers will particularly feel the weight of this new policy. You might also like: What tariff shock? Bitcoin surges past $100k as market recovery continues Against this backdrop, May’s preliminary consumer sentiment index has dropped to the second-lowest level on record. The index, which measures consumers’ willingness to spend, fell to 50.8 — the lowest reading aside from June 2022. Still, despite bad news for Wall Street and Main Street, Bitcoin (BTC) is resilient, trading at $106,323 and up 0.98% in the last 24 hours. Gold showed even stronger performance, up 1.78% to $3,287 per ounce. Read more: Bitcoin surpassed gold per kilo, but gold still leads as a safe haven: MEXC COO
Bitcoin dominance is testing a historically significant resistance level within a long-standing bullish channel. A rejection at this level could signal the early stages of a rotation into altcoins — and potentially ignite a mini-alt season. Since November 2022, Bitcoin dominance has remained locked in an upward-sloping channel, reflecting growing market preference for BTC during periods of volatility and uncertainty. However, the chart is now showing signs of potential weakness as dominance approaches a resistance level that previously triggered a sharp altcoin rally. With Bitcoin trending toward all-time highs, a consolidation in price could create the perfect storm for a reversal in dominance, and a shift in capital into the altcoin market. Key technical points Upward Channel Structure: Bitcoin dominance has remained within a rising channel for over 18 months. Major Resistance Zone: Current levels mirror a historical rejection point that previously triggered alt-coin outperformance. Potential Reversal Catalyst: A BTC consolidation above ATH may precede a pullback in dominance, increasing alt-coin rotation. BTC.D Chart, Source: TradingView The Bitcoin dominance chart has respected the boundaries of an upsloping channel since late 2022. This structure has consistently signaled bullish control, with each test of support followed by higher highs. Currently, dominance is testing the upper bound of this channel, a resistance zone that has historically preceded notable altcoin rallies. This same region was last rejected during a previous run-up, which led to a temporary altcoin breakout and a drop in dominance. With Bitcoin now eyeing either a breakout or consolidation above its all-time high, market participants may begin reallocating capital into altcoins in search of higher returns. If dominance is rejected here again, we may see a repeat of this rotation, potentially driving a short-term altcoin rally. You might also like: XLM Price up 1.17% from key support: bullish structure points to $0.35 rally A key factor to watch is the integrity of the channel support. If dominance retraces toward the lower boundary of the channel, and especially if that level breaks, it could open the door for a more pronounced and sustained alt season. That said, such a scenario would likely require fundamental catalysts such as a major BTC correction or a strong return of risk-on sentiment to the broader market. What to expect in the coming price action A short-term rejection in dominance near this key resistance could spark a mini-alt season, particularly if Bitcoin enters a period of consolidation. If dominance loses its multi-year channel structure, it may pave the way for a broader altcoin surge, though such a move would likely depend on external catalysts and Bitcoin’s trend behavior in the weeks ahead. Read more: Why Trump’s ‘big, beautiful’ bill is bullish for Bitcoin and altcoins
Strive, led by Vivek Ramaswamy, seeks discounted Bitcoin by acquiring distressed claims, including Mt. Gox’s 75,000 BTC. The firm has entered a strategic partnership to purchase Bitcoin from sources with
The Australian Federal Police (AFP) have seized the assets of a Queensland man, suspected of Bitcoin theft, confiscating a waterfront property, a Mercedes-Benz sedan, and 25 BTC worth around $2.6 million. Local news outlets have identified the man as Shane Stephen Duffy. The seizure of assets comes after Luxembourg authorities tipped off AUSTRAC, Australia’s financial intelligence agency, that the Queenslander was involved in a major Bitcoin theft. AFP further announced that the Bitcoin was seized some time ago, so the value of the crypto may have been priced at a different level when the AFP sold the tokens. Australian authorities also claim that the man had been previously convicted of hacking an American company. “A CACT investigation”, announced the AFP, “began in September 2018, after law enforcement partners in Luxembourg contacted AUSTRAC regarding suspicious Bitcoin transactions, linked to a Queensland man previously convicted of hacking a gaming company in the United States. The investigation identified suspected links between the man and the theft of 950 Bitcoin from a French cryptocurrency exchange in 2013. No criminal charges eventuated; however, the Commonwealth’s proceeds of crime laws allow the CACT to restrain suspected proceeds of crime, regardless of whether there is a related criminal prosecution”. The AFP announced on their website that federal authorities seized around $4.5 million in assets, including a beachfront mansion, a luxury car, and Bitcoin. The investigation began in 2018 by the AFP’s Criminal Assets Confiscation Taskforce (CACT), which was able to link stolen Bitcoin to the Queenslander. CACT can seize assets despite no conviction, because the Australian Proceeds of Crime Act allows federal police to seize assets suspected of being connected to criminal activity. The AFP argues that his wealth far exceeded the amount of his legitimate earnings. They used this reasoning to seize all of his assets. A court ruling in April 2025 allowed the AFP to use the seized funds to pay for crime prevention programs. CACT has seized over $1.2 billion in assets since its creation in 2012. Shane Stephen Duffy, identified by local news outlets, pleaded guilty to hacking League of Legends players in 2016. However, despite Duffy pleading guilty to computer hacking and fraud, he didn’t directly hack League of Legends but obtained the data online and sold it for a profit. The original League of Legends hack occurred in 2011. There were over 5 million users whose data was compromised. Moreover, Duffy hacked the Riot Games X account to promote his data-selling business. The business promised to provide access to League of Legends accounts for a price. The Proceeds of Crime Act allows Australian officials to confiscate assets if a person can’t show that their assets came from honest work. The AFP, therefore, does not need to wait for a court case and can confiscate assets, such as cryptocurrencies, if it can prove that the assets came from dubious origins. Critics of these powers suggest that authorities could misuse them. However, supporters of these powers say that federal authorities need such powers to disrupt criminal networks. Duffy’s beachside house, Mercedes-Benz, and Bitcoin collection will be used by federal authorities to fund community awareness programs.
Hedera Hashgraph token wavered on Tuesday as sentiment in the crypto industry waned. Hedera Hashgraph ( HBAR ) was trading at $0.1900, down about 15% from its highest level this week and 50% below its high in November last year. Fundamentals suggest that the HBAR price may rebound soon. One of the most notable is that the supply of stablecoins on Hedera has surged in recent days. Hedera now holds $181.4 million in stablecoins, up from $20 million during the same period last year. It has also jumped from $34 million on Jan. 1. Circle’s USD Coin ( USDC ) has a market dominance of 99.5% in Hedera. This growth means that Hedera has overtaken some popular layer-1 chains in the amount of stablecoins in the ecosystem. Stellar ( XLM ) has $180 million, while Algorand ( ALGO ), Cronos ( CRO ), and Polkadot ( DOT ) have $160 million, $141 million, and $102 million, respectively. You might also like: Virtual price ripe for a surge as ecosystem AI agents rise A rising volume of stablecoins on a chain is typically bullish, as it signals increasing user activity. Another catalyst for HBAR is the rise in decentralized exchange volume. DeFi Lllama data shows that weekly volume jumped 40% to $64.4 million, bringing the cumulative total to $4.6 billion. Hedera is also becoming a notable player in the real-world asset tokenization space. It recently launched the Asset Tokenization Studio, designed to streamline the configuration, issuance, and management of tokenized bonds and stocks. In addition, Hedera has introduced a stablecoin studio, a consensus service, and the Hedera Token Service. The network is positioning itself as a key player in tokenization, bolstered by partnerships with firms like Google and IBM. HBAR price technical analysis HBAR price chart | Source: crypto.news The weekly chart shows that Hedera’s price bottomed at $0.1250 in April before rebounding above $0.20 this month. It remains above the key support level at $0.1826, the highest swing on April 22 last year. HBAR is also trading above the 50-week moving average, while the Relative Strength Index has turned higher. As a result, the coin is likely to continue climbing, with bulls targeting the year-to-date high of $0.4032, a potential 105% gain from the current level. You might also like: Why Trump’s ‘big, beautiful’ bill is bullish for Bitcoin and altcoins
Moscow authorities arrested Vladimir Smerkis, co-founder of crypto game Blum and former head of Binance, as part of a fraud investigation. The Zamozkoretsky District Court has not released all of the details about Smerkis’ arrest. However, the court has permitted authorities to detain Smerkis under Article 159 of the Criminal Code, which relates to severe fraud cases under Russian law. Smerkis could face 2 to 12 years imprisonment for financial crimes relating to Article 159 of the criminal code. It is not clear yet whether Smerkis will be formally charged, but he likely will. Russian outlets suggest that Smerkis may be facing charges related to his involvement in The Token Fund and Tokenbox projects, which he co-founded in 2017, and made considerable losses of $15 million. Blum, another project co-founded by Smerkis, distanced itself from Smerkis this week, pointing out that the co-founder is no longer involved with the project and that Blum is focused on their regular operations and will continue to offer their services without any interruptions. Blum is a crypto project that integrates into Telegram’s app market and provides a decentralized exchange. Blum was a popular app that included ‘tap to earn’ features, such as a game that let you tap falling snowflakes on the screen and receive crypto rewards in return, which, according to the developers, could easily be redeemed for fiat currencies such as dollars. The ‘tap to earn’ craze was very popular when Blum started their project, contributing to the gamification of crypto rewards. Gamification is a marketing strategy developers use to encourage users to spend more time on their platforms, which often results in more sales. Smerkis usually specialised in marketing, especially with the various startups he co-founded. After the news of Smerkis’ arrest, Blum quickly announced that the co-founder has stepped down from his work for the crypto company. Blum announced this to their 5.3 million followers on X. Hamster Kombat was a popular ‘tap to earn’ crypto game released in 2024. The game stood out from competitors because it offered a substantial air drop feature, attracting users from far and wide. The air drop feature was the largest in the industry. Developers in the ‘tap to earn’ game sector were interested in the evolving business model of crypto games and airdrop marketing ploys. However, regulators have also taken a keen interest in the gaming market and have started investigating whether the market could be subjected to gambling regulations. The project that Smerkis co-founded, Blum, fits within the context of this emerging sector and appeared not long after Hamster Kombat. CoinGecko suggests that the ‘tap to earn’ market is worth $511 million. Blum was initially supported by Binance Labs with its builder accelerator program. Blum was released in May 2024. The game involves tapping falling snowflakes to earn rewards. Game users could accumulate Blum points and exchange them for currencies like crypto or fiat. Users of the game may be concerned with the recent news that Russian authorities have apprehended a Blum co-founder. Blum developers have tried to assuage fears that the incident will damage the project’s reputation. Meanwhile, news outlets are waiting for more details regarding the Smerkis case so that a clearer picture can emerge.
A potential $10 trillion total crypto market cap in 2025 could open the door to bold price targets for top tokens. Meme coins are growing with stronger communities and narratives, unlike when they were seen as speculative assets. Salamanca (DON) , inspired by the infamous Breaking Bad cartel family, enters this arena with ambitious goals and growing traction. In this outlook, XRP, SHIB, and especially Salamanca emerge as tokens with serious potential, if the market expands as projected. Salamanca: The $DON Token Could Rally 2000% Salamanca ($DON) is catching momentum as a top Binance Smart Chain meme coin. The project draws its identity from the Salamanca cartel family from Breaking Bad and Better Call Saul, delivering not just humor, but a mission to dominate the meme coin space. Already listed on Gate.io , MEXC, and Pancakeswap , the token's growing popularity is hard to ignore. Currently trading between $0.00194 and $0.002237, Salamanca's pricing is still within an accessible range for early adopters. With an all-time high of $0.008522 already on record, and a projected 2000% surge from current levels, the token holds massive upside potential. A Binance listing is expected next, which could further accelerate growth and boost market confidence. XRP: Utility-Driven Token with Renewed Momentum Ripple’s XRP continues to solidify its role as a utility token for real-world transactions and institutional finance. Following a favorable SEC settlement, the regulatory clarity gives XRP a major advantage. With Washington now led by pro-crypto policymakers, Ripple's position is stronger than ever. Institutional demand is increasing rapidly, driven by Ripple’s partnerships with global banks and payment providers. XRP's futures markets are also showing heightened activity. Over $1 billion in open interest signals high conviction from traders. The token is dominating global trading volumes, especially across Asia, where cross-border payments and fast settlement remain key. With XRP now priced at $2.56 and climbing steadily, many analysts believe it could rise significantly if the market cap target of $10 trillion is achieved. SHIB: Community-Driven Token Eyes Massive Upside Shiba Inu (SHIB) remains a force in the meme coin space with millions of holders worldwide. Built on Ethereum, SHIB has evolved from a joke coin into a payment-friendly, community-backed project. The launch and expansion of Shibarium, a Layer 2 network, and frequent token burns have tightened its supply, building the foundation for another breakout. Technical analysts forecast a massive 790% surge, with many pointing to an expected rally by October 2025. SHIB’s current price of $0.00001578 could climb dramatically if market conditions remain favorable. With renewed momentum and a committed Shiba Army, SHIB may surpass previous highs, especially under bullish macro conditions. Source: X (formerly Twitter) Salamanca's Strengths: Community, Visibility, and Market Readiness What sets Salamanca apart is not just its tokenomics or theme, but its strong community and digital presence. With over 20,000 members on Telegram and many followers on X (Twitter), the $DON token boasts one of the fastest-growing communities among new meme coins. This is not just hype—it’s a foundation for organic demand and viral growth. Additionally, Salamanca's total supply of 1 billion tokens on the BSC network ensures scalability and flexibility for broader adoption. As sentiment shifts toward fresh and community-led tokens, Salamanca stands out as the best BSC meme coin of 2025. The anticipation surrounding its Binance listing only intensifies the spotlight. Don’t miss out on what could be the most explosive meme token of the year. Explore Salamanca ($DON) today and position yourself early, before the next leg up. Website: https://salamanca.club/ Twitter/X: https://x.com/salamanca_token Telegram: https://t.me/salamancatoken Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.