A Solana trader transformed a mere $332 into nearly $190,000 within 24 hours, showcasing the explosive potential of meme coins like Gooncoin. This meteoric rise in value underscores the current
SEC delays decision on Solana ETF while opening public comments for Dogecoin, BlackRock proposals amid crypto market scrutiny. The post SEC delays Solana and Litecoin ETFs as Dogecoin and BlackRock proposals enter public comment appeared first on Crypto Briefing .
A Solana trader hit it big with Gooncoin, pulling nearly $190K in profits in less than a day as Solana meme coins catch fire again.
Trump-affiliated Bitcoin mining company, American Bitcoin, plans to go public through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand once closed. Merger Details According to a May 12 press release , the newly combined entity will be led by American Bitcoin’s existing board of directors and management team. This includes key figures such as Mike Ho, Asher Genoot, Justin Mateen, Michael Broukhim, Matt Prusak, and Eric Trump. Once the merger is sealed, American Bitcoin’s current shareholders are expected to hold around 98% of the new entity, while Gryphon holders will own approximately 2%. Hut 8 will also remain the majority owner of the total shares. The new company plans to list on the Nasdaq under the ticker symbol “ABTC,” with the deal expected to close as early as the third quarter of 2025. Hut 8 will continue to play a major role after the merger, serving as American Bitcoin’s exclusive infrastructure and operations partner. The companies have outlined long-term commercial agreements that are expected to provide stable, contracted revenue streams for the former’s power and digital infrastructure divisions. “This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” said Asher Genoot, CEO of Hut 8. He explained that by taking American Bitcoin public, the company aims to gain direct access to dedicated growth capital without relying on Hut 8’s balance sheet. The goal is also to maintain long-term exposure to potential Bitcoin gains for its shareholders. Trump-Backed American Bitcoin American Bitcoin was launched in March 2025 through a strategic partnership between Hut 8 and American Data Centers. The idea was to build the world’s largest, most efficient pure-play BTC miner and a strategic Bitcoin reserve. The venture is backed by Hut 8’s infrastructure and industry expertise, with daily operations managed under a shared services agreement. Soon after the launch, American Data Centers was rebranded as American Bitcoin, with Eric Trump stepping in as co-founder and Chief Strategy Officer. This latest development adds to the Trump family’s growing portfolio in the crypto industry. In addition to the mining company, they are involved in the World Liberty Financial (WLF) DeFi project, which recently announced that its USD1 stablecoin will be the settlement currency for a $2 billion investment by Abu Dhabi-based MGX into Binance. The family’s media company, Trump Media, also has a deal with Crypto.com to create ETFs, while the President and the First Lady have launched their own meme coins, Official Trump (TRUMP) and Melania Meme (MELANIA). The post American Bitcoin to Go Public Through Merger with Gryphon Digital appeared first on CryptoPotato .
Dubai’s Department of Finance has signed a memorandum of understanding with Crypto.com that will allow residents and businesses to pay government service fees in cryptocurrencies. Under the agreement, Crypto.com will process digital-asset transactions and convert the funds into UAE dirhams, giving the government local-currency receipts while expanding payment options for users. The rollout forms part of the emirate’s strategy to make 90% of transactions cashless by 2026, and would make Dubai the first Middle Eastern jurisdiction to accept crypto for a broad range of public services. Separately, Bhutan has teamed up with Binance Pay to accept more than 100 cryptocurrencies for tourism-related payments including flights, hotels, visa fees and shopping. The partnership positions the Himalayan kingdom as the first country to integrate digital assets fully into its tourism sector, widening payment choice for visitors and signalling growing official interest in crypto-based commerce. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Tether has purchased 4,812 bitcoins (BTC) for approximately $458.7 million at an average price of $95,300 per bitcoin. This acquisition was executed through Tether following the launch of its new Bitcoin treasury company, Twenty One Capital, which is associated with Jack Mallers. This recent purchase pushes Tether's total Bitcoin holdings beyond 100,000 BTC, reinforcing its position as a major holder in the cryptocurrency market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The post Top Reasons Ethereum (ETH) Price Gained Today appeared first on Coinpedia Fintech News The Ethereum ecosystem has been buzzing with remarkable developments in the recent past amid rising altseason reckoning. Ether price is well positioned to rally towards its ATH in the coming weeks. Ethereum (ETH) price rallied over 8 percent in the past 24 hours to reach a daily and local high of about $2,702. The large-cap altcoin, with a fully diluted valuation of about $322 billion and a 24-hour average traded volume of around $31 billion, established a bullish sentiment following last week’s 40 percent uproar. Major Forces Behind Ethereum Price Pump Today Bullish Catalyst from Pectra Upgrade The recent mainnet launch of the Pectra upgrade has helped the Ethereum network become more competitive to other layer one (L1) chains, led by Solana (SOL) . Moreover, the Pectra upgrade enhanced Ethereum scalability and efficiency, which is a key consideration by most institutional investors seeking to build and invest in the web3 space. Lower U.S. Inflation Amid Geo-economic Slowdown Earlier on Tuesday, the U.S. Bureau of Labor Statistics announced the country’s inflation dropped by 2.3 percent YoY in April. Amid the ongoing global trade negotiations led by the United States, the cryptocurrency market, led by Bitcoin, has emerged as an alternative investment to more institutional investors. Organic Spot Market Demand from Institutional Investors As the altcoins gradually gain ground over Bitcoin dominance, the overall demand for Ether by institutional investors has significantly surged. Notably, Ethereum’s Futures Open Interest (OI) surged by over 12 percent in the last 24 hours to hover about $32 billion on Tuesday, during the late North American trading session. Short Squeeze Impact Following the sudden Ethereum rebound in the past few days, a significant surge in short liquidation was recorded. In the past 24 hours, Ether’s leveraged market recorded more than $145 million in forced liquidations, with over $107 million involving short liquidations. As a result, the odds of a short squeeze have significantly surged in the past few days. What Next for Ether As Bitcoin price attempts to rally beyond $105k, the wider altcoin market has experienced a significant surge in bullish sentiment. Moreover, the Ethereum fear and greed index surged to over 75 percent on Tuesday, signaling more bullish investors. From a technical analysis standpoint, Ether’s price is well-positioned to retest its all-time high in the near future. In the weekly timeframe, the MACD line has crossed the signal line for the first time YTD. Most importantly, Ether price has regained the macro support level above $2,360 after a notable correction in the first quarter.
The cryptocurrency market faces significant volatility as investors react to macroeconomic uncertainties, with Bitcoin’s short-term holders leading a major sell-off. Recent data reveals that a substantial portion of Bitcoin’s liquidity
Strategic Positioning Amid Market Leaders As the cryptocurrency market gains momentum in 2025, MAGACOINFINANCE is capturing significant attention. With over $8 million raised in its tokenand a current price under $0.001, analysts project a potential return of 18,500%, suggesting that a $1 valuation by year-end might be achievable. This projection is not only driven by strong fundamentals and market positioning but also by the accelerating pace of early stage investor participation , which often precedes the steepest phases of growth in high-performing altcoins. While established cryptocurrencies like Ethereum (ETH) and Solana (SOL) continue to solidify their positions—ETH trading around $2,489 and SOL at approximately $172—MAGACOINFINANCE offers a compelling opportunity for exponential growth. Its unique blend of political meme appeal and structured tokenomics sets it apart in a crowded market. JOIN NOW — $0.007 LISTING IS COMING FAST! Industry experts highlight several factors contributing to MAGACOINFINANCE’s bullish outlook: Scarcity-Driven Model: A capped supply of 100 billion tokens, with 45% allocated to the presale, creates a scarcity that can drive demand. Community Engagement: A rapidly growing community exceeding 20,000 holders indicates strong grassroots support. Audited Smart Contracts: As audited by HashEx , this ensures transparency and builds investor confidence. These elements, combined with a strategic marketing approach, have led analysts to forecast a conservative 35x return, with some models suggesting the potential for a 50x surge. Timing the Market: The Importance of Early Entry Historical trends in cryptocurrency indicate that early-stage investments often yield the highest returns. With MAGACOINFINANCE still in its presale phase and a listing price target of $0.007, early investors have the opportunity to capitalize on significant upside potential before broader market adoption. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X Conclusion MAGACOINFINANCE stands out as a promising altcoin in 2025, offering a blend of strong fundamentals and high growth potential. While established cryptocurrencies continue to perform steadily, MAGACOINFINANCE’s unique positioning and community-driven approach present a compelling case for investors seeking substantial returns. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Could MAGACOINFINANCE Reach $1 in 2025? Why Analysts Say 35x Seems Conservative
XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish sentiment returns to the broader crypto market. With Bitcoin holding above $100K and Ethereum reclaiming the $2,200 mark, altcoins like XRP are beginning to show strength after months of subdued performance. Analysts are now calling for a potential breakout, emphasizing the importance of XRP reclaiming key resistance levels in the coming days to confirm a sustained move higher. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week, rising from $2.42 billion to $3.42 billion—a 41.6% increase. This spike suggests a growing wave of speculative interest and directional conviction among traders. As leverage builds, all eyes are on XRP’s next move to determine whether this momentum can evolve into a full-blown rally. The rise in open interest alongside price appreciation often points to sustained bullish intent, adding weight to calls for a continued surge. With volatility returning to the altcoin market, XRP could be gearing up for one of its most critical breakouts in months. XRP Leads With Strong Momentum And Rising Leverage XRP is emerging as one of the strongest performers in the market, displaying remarkable resilience during recent downtrends and now showing clear strength in the current bullish environment. After consolidating through volatile conditions, XRP has surged above the $2.50 level, firmly positioning itself as a leader among large-cap altcoins. The price action remains tight, with bulls continuing to test the $2.60 zone while bears are unable to push the price below the new support levels formed near $2.35. This price compression, combined with broader market optimism, suggests that XRP may be gearing up for a major move. With Bitcoin consolidating near its all-time highs and Ethereum testing crucial resistance zones, analysts are paying close attention to XRP’s trajectory. The altcoin market is heating up, and XRP’s technical structure hints at a bullish expansion phase if current levels are maintained or reclaimed with volume. Supporting this bullish outlook is recent data from Glassnode, showing that XRP Futures Open Interest has soared by over $1 billion in the past week. It jumped from $2.42 billion to $3.42 billion—a 41.6% increase—coinciding with a price rally from $2.14 to $2.48. This surge in leverage underscores growing speculative interest and strong directional conviction among traders. Elevated open interest, particularly when paired with upward price movement, often signals sustained momentum and institutional participation. With XRP firmly above key support and showing signs of renewed investor confidence, the next few sessions could be pivotal for determining whether XRP will finally break out into a new macro trend. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next? Price Action Signals Strength Amid Market Momentum XRP is showing strong bullish momentum as it continues to trend higher, currently trading around $2.55. The chart reveals a well-established uptrend, with XRP recently breaking above key resistance levels and holding above both the 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), currently at $2.13 and $2.02, respectively. This alignment of moving averages below the current price reinforces the bullish structure. Over the past two weeks, XRP has surged more than 24%, confirming higher lows and higher highs in the process. After briefly stalling at $2.60, the price is now consolidating with low volatility just below that level—indicating potential for another breakout if buying pressure resumes. Volume also picked up significantly during the initial leg of this move, signaling strong interest from market participants. Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move The next resistance level to watch is near $2.80, which marked a major rejection zone earlier in the year. On the downside, the $2.35 zone has now turned into strong support and would be a critical level for bulls to defend if momentum weakens. Featured image from Dall-E, chart from TradingView