Economist and trader Alex Krüger believes Bitcoin ( BTC ) is primed to go higher over the coming weeks, driven by one catalyst. Krüger tells his 210,500 followers on the social media platform X that he is expecting Bitcoin to hit $120,000 in June. According to the widely followed economist and trader, the proposed distribution of approximately $5 billion to creditors of the collapsed crypto exchange FTX at the end of May will serve as a bullish catalyst for Bitcoin. Krüger thinks that the funds will re-enter the crypto market as the creditors will mostly be the large claim holders. But the economist warns that Bitcoin could turn bearish in early July amid the uncertainty caused by the dispute over tariffs. “The 90-day tariffs pause *could* be a significant bearish catalyst. That’s on July 9th. Depending on White House news flow, it makes sense for markets to start getting anxious about tariffs again two to three weeks before then.” In contrast with Krüger’s largely bullish view of Bitcoin over the short term, crypto analyst Justin Bennett says the flagship digital asset could drop below $100,000 after failing to convincingly take out its last resistance at around $110,000. “No change to this BTC analysis other than starting to break down. I shorted at $111,269. I’ll add below $106,000 if we get it. Looking for $96,000/$97,000.” Source: Justin Bennett/X Bitcoin is trading at $107,435 at time of writing, down from the all-time high of just under $112,000 reached earlier this week. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New All-Time High Incoming for Bitcoin Soon, According to Economist and Trader Alex Krüger – But There’s a Catch appeared first on The Daily Hodl .
COINOTAG News reports that on May 24th, Upbit demonstrated notable trading activity, with a **trading volume** surpassing **$24.69 billion** within a single day. The **XRP/KRW trading pair** emerged as the
Wall Street Ponke rapidly captures investor attention with strong fundamentals and smart technology, outshining Solaxy’s presale momentum. While Solaxy boasts impressive capital inflow, Wall Street Ponke’s innovation and investor-centric model signal far greater upside. The two projects show contrasting strengths, but WPONKE's multi-layered strategy makes its 100x growth potential more realistic. Wall Street Ponke: More Than Just a Meme Coin Wall Street Ponke raised over $300,000 in its first presale week, showing clear investor interest. Unlike other meme coins, it offers investors protection, education, and staking rewards in one place. Thanks to these features, investors believe more in the token's true usefulness, rather than only being drawn by the buzz already created. The system quickly checks all new token launches by analyzing the code in their smart contracts. The tool helps inform WPONKE holders about scams and rug pulls, adding more value and security. Consequently, it gives the project an advanced safety level usually lacking in meme coins. Users can learn DeFi and blockchain basics by using various interactive and game-like lessons. The initiative serves new traders and also creates loyal relationships with investors. Getting education and strong staking incentives helps people hold onto their tokens longer. You can get up to a 1232% APY rate when you stake on WPONKE. Being active and learning in the ecosystem gives users incentives which is built into the system. As a result, people get deeply involved in the community, not just buy something and forget it. Solaxy: High Momentum, But Questions Remain Solaxy’s presale is nearing $40 million with strong daily contributions, driven partly by Solana’s rising price. The token price goes up every two days, making early buyers feel they need to take action quickly. Even so, the potential value of the token down the road has yet to be established. Staking on Solaxy offers 101% APY, but the smart contract's rate adjusts based on deposit activity. Early contributors get some benefits, but it doesn’t guarantee that the community will continue to develop. Unlike WPONKE, token utility and special value offerings are only in their early stages. The promise of exchange listings and the hype around Solana fuel Solaxy’s rapid presale pace. Nevertheless, overpricing is caused more by external forces than by the actual strength of the investment. However, WPONKE is constructing its site from within, with clear structure and a focus on users. While Solaxy’s numbers impress, WPONKE offers deeper utility and stronger fundamentals. Because it has a detailed strategy, it can be more than just a meme project. Official website and socials : Official website: https://wallstreetponke.com X (Twitter): https://x.com/Wallstreetponke Telegram: https://t.me/wallstreetponke Disclaimer: This is a sponsored press release 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.
The post Why Ripple and XRP Could Be the Backbone of The G20’s Financial Plan? appeared first on Coinpedia Fintech News Ripple’s fast and affordable payment system is gaining traction around the world. A new report highlights that Ripple’s XRP and blockchain payment tech could play a key role in helping the G20 meet its cross-border payment goals by 2030. A 2025 report from the U.S. Faster Payments Council (FPC) highlights how U.S. payment companies could play a big role in making global payments faster, cheaper, and more reliably. Global demand is rising for faster, cheaper, and more transparent cross-border payments, and it’s already a $34 trillion market. The G20 is pushing hard to improve this space, seeing it as key to boosting trade, economic growth, and development. They plan to make payments quicker, more affordable, and easier to access. Goals For 2017 and 2030- They have set clear targets for retail, wholesale, and remittance payments, and aim for major progress by 2027 and 2030. The 2027 and 2030 goals include cutting the cross-border payment costs to 1% or less and ensuring 75% of payments are completed within an hour. Promoting Inter-Industry Collabs In order to meet the goals, the US Faster Payments Council (FPC) urges domestic providers to adopt ISO 20022, embrace interoperability, and use blockchain tech like Distributed Ledger Technology (DLT). It also stressed points like focusing on financial inclusion and promoting inter-industry collaborations. It specifically noted Ripple and Stellar as key players that could improve the global cross-border payment landscape. Ripple is reshaping global payments with its RippleNet and XRP-powered tech. As it follows global rules (like ISO 20022) and uses smart blockchain tools, it’s a top pick to help the G20 hit its payment goals. As more firms adopt Ripple’s solutions, XRP could see big gains from the rising demand. With growing adoption, experts predict $XRP will hit $10-$20 easily in 2025. Reaching $100 could happen, but it is more likely in early 2026. And eventually, as the technology and network expand further, $XRP could reach $1,000.
With Bitcoin pushing new all-time highs and altcoin season firing on all cylinders, two projects are capturing investor attention for very different reasons—Solaxy and PEPETO. Solaxy (SOLX), a Solana-based Layer 2 solution, has raised nearly $40 million as it positions itself as the first to bring off-chain processing efficiency to the Solana network. Meanwhile, PEPETO, a frog-themed memecoin with a utility-packed roadmap, is crossing major presale milestones at a price point still accessible to early investors. Solaxy’s Tech-Driven Mission Solaxy’s promise lies in its novel approach to boosting Solana’s network performance. Using “royal technology,” the platform processes transactions off-chain, then sends bundled results back to the chain for final confirmation. This minimizes gas fees, accelerates transaction speed, and reduces strain on the base layer. Recent technical milestones—like its Testnet Bridge launch and partnership with Hyperlane—have added credibility to Solaxy’s goal of connecting Solana with Ethereum and enabling cross-chain token movement. However, despite Solaxy’s impressive vision, it faces a competitive layer-2 landscape with high technical demands, slower retail adoption, and long-term development timelines. Why PEPETO Might Outrun Solaxy PEPETO, however, races in a whole race: a race relying on meme culture, staking rewards, and going viral in the community. At present, the PEPETO price is 0.000000107, having raised more than $4.1 million dollars. But it is not just famous for being a meme coin. The PepetoSwap exchange, zero-fee trading, and a cross-chain bridge already make it different from other meme coins. Investors are considering it the next 100x project thanks to the staking APY of a whopping 350%. PEPETO is not like many other tokens that are only about hype, this is useful and fun. With Elon Musk’s X profile of a frog and the series of frog coins like Pepe Unchained and Wall Street Pepe, PEPETO couldn't have launched at a better time. Because it’s a funny, useful, and scarce coin, Zuck will make a great speculative bet for both meme coin veterans and noobs. A Race of Tech vs. Hype? Or Something Bigger? While Solaxy represents the kind of innovation that can reshape blockchain ecosystems, its path to adoption will likely be gradual. PEPETO, however, is perfectly positioned to capture the fast-paced, sentiment-driven gains typical of meme coin seasons. The key difference? Time. Solaxy may win in the long run with institutional backing and dev-focused traction. But PEPETO is built for the now—with retail enthusiasm, viral branding, and a presale that’s heating up fast. To participate in the ongoing presale or to start staking PEPETO, visit PEPETO’s official website . ABOUT PEPETO Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens. Media Links Website: https://pepeto.io X: https://x.com/Pepetocoin TG: https://t.me/pepeto_channel IG: https://www.instagram.com/pepetocoin/ YouTube: https://www.youtube.com/@Pepetocoin/ Contact Details: Contact: TokenWire Team Email: contact@tokenwire.io Disclaimer: This is a sponsored press release 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.
Today in crypto, a judge has vacated key fraud and manipulation convictions against Mango Markets exploiter Avraham Eisenberg, US-based spot Bitcoin ETFs posted a significant amount of inflows this week, and US lawmakers have urged the Justice Department to investigate President Donald Trump's crypto dinner. Judge overturns fraud convictions in Mango Markets exploit case A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets. The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case. Eisenberg, a self-proclaimed “applied game theorist,” was convicted in 2024 for artificially inflating the price of Mango’s MNGO token by over 1,300% in a matter of minutes and using the resulting gains as collateral to withdraw $110 million in crypto assets from the platform. US judge siding with Eisenberg on nature of the exploit. Source: Bwbx.io Bitcoin ETFs post $2.75B in weekly inflows as price sits above $108K US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000. The $2.75 billion inflow total was nearly 4.5 times larger than the spot Bitcoin ETF’s previous week’s $608 million in inflows, according to Farside data. On May 23, the final day of the trading week, spot Bitcoin ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. Grayscale’s GBTC led outflows with $89.2 million, followed by ARK 21Shares’ ARKB with $73.9 million. US House members call for investigation into Trump's memecoin dinner Members of the US House of Representatives called for the Justice Department to investigate Donald Trump’s May 22 dinner for his top memecoin investors, citing concerns about “foreign influence over US policy decisions” and “potential corruption and emoluments clause violations.” In a May 22 letter to the Justice Department, 35 House members asked the public integrity section acting chief, Edward Sullivan, to launch an inquiry over the memecoin dinner to determine whether it violated the federal bribery statute or the foreign emoluments clause of the US Constitution. Under the emoluments clause, a US president is barred from accepting any gift from a foreign state without the approval of Congress. Bloomberg reported that a majority of the attendees at the memecoin dinner were likely foreign nationals based on their connections to crypto exchanges. “US law prohibits foreign persons from contributing to US political campaigns,” said the letter. “However, the $TRUMP memecoin, including the promotion of a dinner promising exclusive access to the President, opens the door for foreign governments to buy influence with the President, all without disclosing their identities.” The call for an investigation and a press conference asking Trump to “release the guest list” for the dinner both occurred hours before the event, which was held at the Trump National Golf Club outside Washington, DC. A group of protesters, joined by Senator Jeff Merkley, gathered outside the venue with signs stating “illegal crypto party” and “democracy is not for sale.”
In the high-stakes world of cryptocurrency, trader James Wynn has made headlines by amplifying his Bitcoin long position to a staggering $1.25 billion through high leverage. This bold strategy, however,
The post Bitcoin or Gold? Schiff Says Central Banks Have Made Their Choice appeared first on Coinpedia Fintech News The age-old debate between Bitcoin and gold is heating up again and economist Peter Schiff wants to weigh in. In a recent X post , Schiff, a staunch Bitcoin critic, spotlighted the growing trend of central banks worldwide stocking gold reserves, strengthening their timeless value amid global economic uncertainty. With geopolitical uncertainties, crypto scams, and shifting economic policies moving demand, Schiff claims gold’s stability, Trump’s pro-crypto policies, and Bitcoin’s volatility, sparking fresh discussion among investors. Why Central Banks Are Choosing Gold Over Bitcoin In Schiff’s latest commentary, he took a direct jab at Bitcoin advocates by asking: If Bitcoin is the future, why are central banks betting on gold to replace the dollar? That question cuts to the heart of an ongoing shift in the global financial system. With fears of U.S. dollar devaluation and escalating geopolitical risks, foreign central banks are turning to gold – not crypto – as their hedge. According to a Reuters report, central banks are now buying more than 1,000 metric tons of gold annually – double the average of the previous decade. And the momentum isn’t slowing down. Michael Widmer, a strategist at Bank of America, says emerging market central banks currently hold just 10% of their reserves in gold but should be targeting 30% for greater financial protection. Trump, Tariffs, and the Rise of Gold Demand Peter Schiff also ties this growing demand for gold to the current U.S. administration. With President Donald Trump back in office and pushing aggressive tariff policies, countries are looking to shield their economies from potential fallout. As the dollar weakens, the appeal of gold rises. And in times of uncertainty – from trade wars to banking collapses – central banks want assets that stand the test of time. Russia Leads the Gold Playbook Russia has been ahead of the curve. Between 2014 and 2020 , the Russian central bank hoarded gold to buffer itself from Western sanctions. Today, its Ministry of Finance is reportedly continuing that accumulation – buying from domestic producers and quietly strengthening reserves. This playbook is being adopted by other emerging economies as well, reinforcing Schiff’s argument that gold’s legacy value is far from obsolete. So, if Bitcoin truly is the future, why aren’t central banks buying it? Bitcoin’s Volatility vs. Gold’s Stability Schiff didn’t stop at praising gold. He also took a swing at Bitcoin’s unpredictability. He warned that American investors – who collectively hold nearly half of all Bitcoin – may be in for a rude awakening as the price swings continue and global institutions remain cautious. At the time of writing, gold trades at $3,357.4 per ounce, up 1.82% for the day but slightly down over the month. Meanwhile, Bitcoin is priced at $108,148 – down 2.31% in the last 24 hours, though it’s seen a 17% jump over the month. Despite the short-term surge, Schiff argues that Bitcoin lacks the long-term security central banks crave. Ran Neuner Weighs In: Could Bitcoin Still Outshine Gold? Not everyone agrees with Schiff’s stance. CNBC’s Ran Neuner recently suggested that Bitcoin could outperform gold in the long run as a safe-haven asset – especially amid advancements in blockchain tech and increasing institutional adoption. But Schiff remains skeptical. He also criticized the growing use of stablecoins in the U.S., pointing to the regulatory fog. Will Schiff’s predictions hold as the crypto space evolves? Only time will tell.
Well-known Hyperliquid trader James Wynn has increased his 40x leverage long Bitcoin bet to $1.25 billion after closing his $PEPE position for a $25.2 million profit. On May 24, Lookonchain reported that Wynn entered an 11,588 BTC position with an average entry price of $108,243 and a liquidation level of $105,180. The move came hours after Wynn exited his Ether ( ETH ) and Sui ( SUI ) longs at a $5.3 million loss. At the time, he used the proceedings to double down on Bitcoin ( BTC ), increasing his position to 11,070 BTC. Wynn began his Bitcoin long position with $830 million on May 21, trimming $400 million in profits the same day. By May 22, he ramped the position back up to $1.1 billion , holding high leverage as BTC crossed $110,000 and gained $39 million on paper. He later sold 540 BTC for $60 million, securing a $1.5 million profit. James Wynn’s Bitcoin long bet. Source: James Wynn Related: Bitcoin continues rally to surpass $110K for the first time Wynn suffers losses after Trump tariff threat Wynn took a hit following a sharp market downturn triggered by former President Donald Trump’s announcement of a 50% tariff on all European Union imports. The news, delivered on May 23, sent Bitcoin tumbling below $107,000 and erased gains across both traditional and crypto markets. Ether also dropped to as low as $2,504 while memecoins were hit even harder. Data from HypurrScan shows that Wynn has suffered more than $29 million in losses over the past day alone. However, he is still up more than $57 million in all-time trading and $46 million over the past month alone. Wynn’s PnL. Source: HypurrScan Related: Hyperliquid backs 24/7 crypto trading in CFTC comments submission High-stakes crypto trader Wynn is a high-stakes crypto trader who describes himself as a high-risk leverage trader and memecoin maxi . He also claims to have called Pepe ( PEPE ) a buy when its market cap was at $600,000. The crypto whale started using Hyperliquid two months ago, depositing $4.65 million worth of the stablecoin USDC ( USDC ) onto the platform, Hypurrscan data shows. Hyperliquid’s DEX is the flagship product on the Hyperliquid layer 1 blockchain, which also offers spot trading and borrowing and lending services, among other things. Notably, Wynn’s aggressive leverage amplifies his exposure to volatility. With Bitcoin trading near $109,000, any sharp move downward could threaten the position. Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express
Are we underestimating Elon Musk’s strategy amid shifting crypto tides? Tesla holds over $1.25B in Bitcoin, reinforcing its long-term crypto commitment. Institutional and state actors are increasingly accumulating Bitcoin as