Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has announced that she plans to depart the agency before 2026. In a May 21 notice, Johnson said she planned to step down from the CFTC “later this year,” having completed her term, which ended in April. The commissioner filling a Democratic seat at the financial regulator had served since March 2022 after being nominated by former President Joe Biden. In her farewell message, Johnson cited her work as a sponsor of the Market Risk Advisory Committee, which dealt with “nascent issues that arise with the introduction of decentralized financial products such as digital assets or cryptocurrency and other emerging markets.” CFTC Commissioner Kristin Johnson. Source: CFTCJohnson on X Her departure could come before US President Donald Trump nominates a replacement and has them confirmed by a Senate majority. Commissioners Summer Mersinger and Christy Goldsmith Romero previously said they would step down on May 30 and May 31, respectively, and acting CFTC Chair Caroline Pham said she planned to move “to the private sector” if Brian Quintenz were to be the next Senate-confirmed head of the agency. One position on the five-seat CFTC panel has been empty since the departure of former chair Rostin Behnam in February. Under CFTC guidelines, commissioners can continue to serve beyond the end of their terms until a “successor is appointed and has qualified,” provided it is before the next session of Congress. Related: KuCoin’s settlement with CFTC in flux after Trump policy shift CFTC shakeup amid proposals for crypto market structure Johnson’s notice suggested that the entire leadership of one of the most significant financial regulators in the US could be replaced by Trump’s picks as early as 2026. The president nominated Quintenz to serve as CFTC chair in February, but the Senate had not moved for a vote to confirm him in more than three months. Along with the Securities and Exchange Commission (SEC), the CFTC has handled specific regulatory and enforcement issues related to digital assets. However, the lack of “clear rules of the road,” according to some lawmakers and industry leaders, has led to calls for a law establishing a digital asset market regulatory structure, clarifying the roles each agency would have to play. Magazine: SEC’s U-turn on crypto leaves key questions unanswered
The post Texas Becomes 3rd U.S. States to Pass a Strategic Bitcoin Reserve Bill Out of the House and Senate appeared first on Coinpedia Fintech News The Texas Senate must confirm the House amendment to the SB-21 bill before it can proceed to the governor’s desk. On-chain data shows a supply shock has catalyzed Bitcoin’s bullish sentiment. After the Texas Senate approved the Strategic Bitcoin Reserve (SB21) bill earlier in March 2025, the House passed it with a final vote of 101 to 42. Texas is now the third state in the country to pass an SBR bill in both the Senate and the House after New Hampshire and Arizona in the recent past. The SB21 bill in Texas has to be vetted again by the Senate after the House amendment changed some statutory provisions regarding the market cap of crypto assets. Notably, the Texas House changed the market cap average of $500 billion from 12 months to 24 months. According to Dennis Porter, the CEO and co-founder of Satoshi Action Fund, there is a 99+ percent chance that the Texas Senate will approve the amendment to SB21. Meanwhile, the SB21 bill will soon be forwarded to the State Governor, Greg Abbott, who will have 20 days to either sign or veto the bill. Technically the Texas bill has to go back to the senate to confirm the amendment which passed in the House. The House amendment changed the market cap average of $500 billion from 12 months to 24 months. I’ve been told the odds of it being approved by the Senate at 99%+. https://t.co/PJsrfGdVbZ — Dennis Porter (@Dennis_Porter_) May 21, 2025 Impact of Texas SBR Bill Approval on Bitcoin Currently, BTC is the only cryptocurrency to meet the set standards by the Texas SB21 bill. If the Texas Governor signs it into law, the overall impact on the Bitcoin market will be immense in the coming months and years. Moreover, the adoption of Bitcoin by U.S. states will solidify it as a reliable digital gold amid economic turmoil. Already, Bitcoin price has enjoyed significant bullish sentiment fueled by rising demand from institutional investors and retail traders. As Coinpedia reported, BTC price is well positioned to reach $150k before August, based on historical performance and current fundamentals.
Having gone through a serious reduction last week, Trump is back on a buying mode after finding solid ground level. It is currently the top-gainer of the day with over 11% increases in the last 24 hours. Last month was quite interesting for Trump as it recovered significantly from a local bottom after trending bearishly throughout the first quarter. That recovery came following a fresh money inflow in the second quarter of the year as institutional investors bought the dip, but it later cooled off buying pressure after facing resistance at around $16.5. Leading to a serious drop in the late month, it entered a pullback mode and went defensive. Although it managed to stay above the $10 level as it forms a new bullish pattern on the daily chart. The price is currently up and looks set for a fresh rally. Following the bullish pattern in the form of double-bottom, the price may rally to a three-month high soon. The main barrier for the bulls right now is the previous monthly high, acting as a key resistance over the past days. A push above it should activate the rally in no time. Currently, the bears are off the market. If they manage to step back, they must reclaim April’s support before gaining full control of the market. A critical look at the price actions indicate no signs for such a move at the time of writing. TRUMP’s Key Level To Watch Source: Tradingview Looking ahead, the key resistance to watch for a test is $16.4. Breaking above it could rocket the price to $24.6 and potentially $36 in the future. For now, the $12 level is providing support. If the price breaks lower, the support level to watch for drops would be $10, along with the $8.8 level. Key Resistance Levels: $16.4, $24.6, $36 Key Support Levels: $12, $10, $8.8 Spot Price: $14.25 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
XRP futures on CME recorded $25.6 million in notional volume in the first 48 hours of trading, surpassing Solana’s launch earlier this year. Trading activity suggests neutral market sentiment, with
As several altcoins entered a pullback mode in the recent bullish break across the space, Pendle was subjected to a consolidation phase and remained indecisive throughout last week. It just broke higher slightly. Pendle’s recovery phase has been a bit choppy on the daily chart due to a slow and steady increase in the last two months. While this technically indicates a liquidity gathering period, a huge rally seems to be lurking around the corner. The target level to watch is the last December high. However, having changed trading levels since last week, the price broke out of a week consolidation phase following a sudden minor surge above to where it now sits at a key resistance level on the daily chart. Negotiating the next move, a significant break above this resistance level could fuel a major surge in the next few days. Rejecting it could bring us back to a consolidation phase before deciding where to head next. That said, its bullish trajectory remains intact on the day following the ascending trendline, which has been acting as dynamic support since March. A crack below this trendline may result in another drag down. But as it stands, bigger gains can be expected in the next few days. Pendle’s Key Level To Watch Source: Tradingview At resistance, the next key level to watch for a breakout is $5.26, where a pullback is likely to occur. Pushing through this level could bring us to the $6.6 resistance and potentially $7.15 before exploding massively up. For a drop, the support level to watch is $3.63, testing the ascending trendline. A breakdown there could cause a major drag down to the $3 and $2.4 support levels. The last defence line for the bulls lies at $1.9. Key Resistance Levels: $5.26, $6.5, $7.15 Key Support Levels: $3.63, $3, $2.4 Spot Price: $4.4 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Key Takeaways: Hailey Welch, known as the “Hawk Tuah Girl,” was investigated by the FBI and SEC after the collapse of a meme coin launched in her name. Welch stated she had little understanding of crypto, was given pre-written promotional content, and had no control over her social media during the campaign. Welch expressed regret for her involvement, saying she trusted the wrong people and feels responsible for disappointing her followers. $400 million vanished as the Hawk Tuah meme coin imploded—Hailey Welch, better known as the “Hawk Tuah Girl,” revealed on the May 21 episode of her “Talk Tuah” podcast that she was investigated by the FBI and federal agents came to her grandmother’s house, thrusting the viral star into the crosshairs of an escalating crackdown on influencer-backed tokens. Welch Cleared by SEC in HAWK Token Probe The HAWK token was launched in December 2023 by Welch’s team in collaboration with launchpad platform OverHere Limited. It came at a time when the meme coin market was booming. @HalieyWelchX also known as Hawk Tuah girl, is facing controversy after her coin $HAWK was an alleged scam. #HalieyWelch #HawkTuah https://t.co/nwzqAYrMNs — Cryptonews.com (@cryptonews) December 5, 2024 The token briefly reached a market cap of $400 million before collapsing by over 90% . Blockchain analytics firm Bubblemaps flagged suspicious activity, claiming that insider wallets and snipers sold large amounts of the token shortly after launch. “After the coin launch, the feds came to granny’s house and knocked on her door,” she said. “She called me, having a heart attack, saying: ‘The FBI is here after you, what have you done?’” Hailey Welch, known for the viral "Hawk Tuah" meme, says the FBI and SEC have cleared her of any wrongdoing in the $HAWK memecoin collapse. She claims she was paid only a marketing fee and never profited from the token itself. pic.twitter.com/YlUQza9pua — Satoshi Club (@esatoshiclub) May 21, 2025 Welch said she met with agents and handed over her phone for investigation. “They interrogated me, asking me questions and everything else related to crypto,” she said. “They cleared me, I was good to go.” Welch, who rose to internet stardom in June 2023 for her off-the-cuff answer in a viral street interview, said she had no experience in crypto before being pulled into the token project. “I trusted the wrong people,” she said. “I did not have enough knowledge about crypto to be getting involved with it. And I knew that.” She said her social media account was controlled by others during the token’s promotion and that she was given pre-written lines to record. These videos were posted without her direct involvement, she claimed. “I was sent lines to read, and someone I trusted posted them,” Welch said, adding that legal restrictions prevent her from naming the people or company involved. Welch Says She Was Unprepared and Regretful On the day of the launch, Welch recalled being rushed into a room and told to join a livestream with YouTuber Stephen Findeisen, better known as Coffeezilla. “Nobody warned me about this guy at all,” she said. “They didn’t tell me he was like a crypto wizard—that’s exactly what he is. He ate me the f**k up.” Welch also said the U.S. Securities and Exchange Commission briefly took her phone during its own inquiry. Her lawyer told TMZ in March that the SEC had closed its investigation without pursuing any charges or sanctions against her. Welch said she received a marketing fee but did not profit from the token itself. All earnings, she added, were spent on legal and PR costs. Despite being cleared of any wrongdoing, Welch expressed regret for her involvement. “It makes me feel really bad that they trusted me, and I led them to something that I did not have enough knowledge about,” she said. “I let a lot of people down.” Investors are taking action! A lawsuit has been filed against the creators of Hawk Tuah ($HAWK) after a shocking 90% crash led to $151K in losses. #Crypto #HawkLawsuit https://t.co/FlONUafCc0 — Cryptonews.com (@cryptonews) December 19, 2024 HAWK investors filed a lawsuit in December 2023 against several parties allegedly behind the token, including Alex Schultz, the Tuah the Moon Foundation, OverHere Limited, and its founder, Clinton So. Welch was not named as a defendant. Meme Coin Fallout Deepens as Investor Lawsuits and Market Scandals The broader meme coin market, once the standout sector of the 2024 bull run, has since soured. A wave of scandals, from insider trading allegations to outright rug pulls, has eroded trust. One of the most damaging incidents, dubbed “Libragate,” involved LIBRA, a token whose price soared following public support from Argentine President Javier Milei. The hype quickly collapsed, wiping out over $120 million in market value . Roughly 86% of holders lost over $1,000, sparking allegations of fraud and coordinated dumping. Meme Coins Aren’t Securities, More Like Collectibles: US SEC Confirms The US Securities and Exchange Commission (SEC) published a staff statement on Thursday confirming that meme coins don’t fall under securities. The guidance comes as an effort to provide greater clarity on… — Cryptonews.com (@cryptonews) March 7, 2025 Amid the chaos, the SEC issued a statement in February 2024 confirming that meme coins don’t meet the definition of securities. Still, it warned that deceptive practices tied to them remain subject to enforcement. The post Feds Probed Hailey Welch After $400M ‘Hawk Tuah’ Meme Coin Imploded appeared first on Cryptonews .
Solana plans a transformative update with the new Alpenglow protocol. Alpenglow aims to replace current systems for faster transaction confirmation. Continue Reading: Solana Overhauls System for Unprecedented Speed Boost The post Solana Overhauls System for Unprecedented Speed Boost appeared first on COINTURK NEWS .
Solana Mobile is set to generate significant revenue with its upcoming Seeker device, reflecting the growing interest in Web3 technology and mobile integration. The company aims to capitalize on its
Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date. According to the announcement, Solana Mobile will ship the device starting Aug. 4. Seeker is the company’s second-generation device, after the Saga Web3 phone that launched in April 2023. The company unveiled the Seeker phone in September 2024 , saying it wouldn’t just be a “memecoin phone.” So far, it has pre-sold 150,000 units. The Solana Seeker has gone through two sale phases: The Founder window, where the price for each device was $450, and the Early Adopter window, where the price per device was $500. Assuming the lower price window, Solana Mobile could generate at least $67.5 million in gross revenue from device sales. For comparison, the iPhone generated $199.3 billion in revenue for Apple in 2024. The new architecture that will govern future Solana Mobile devices is called TEEPIN, which stands for “Trusted Execution Environment Platform Infrastructure Network.” It is a three-layer architecture — hardware, platform, and network layers — that will allow users, developers, and device makers to participate in a trustless environment. Anatoly Yakovenko, co-founder and CEO of Solana Labs, called TEEPIN “the next evolution in mobile” and a framework where trust is “verified by cryptography.” In addition, Solana Mobile is planning to launch “SKR,” the native asset of the Solana Mobile ecosystem. "It transforms the traditional mobile business model by giving stakeholders actual ownership in the platform,” said Emmett Hollyer, general manager at Solana Mobile. Related: Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum Solana Saga Solana Mobile’s first released device, Saga, initially elicited mixed reactions from the Web3 community — some hailed it as Web3’s “iPhone moment,” while others pointed to the network’s outages as a drawback. The Saga phone didn’t take off until late 2023 , when a surge in the value of memecoins stored on the devices turned them into unexpected profit machines. Some units were listed on eBay for thousands of dollars, driven by growing demand. By December 2023, the Saga had completely sold out. Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
SHIB recently hit an important milestone as the SPX index displays optimistic trends. This development raises questions about a potential recovery in the meme-inspired cryptocurrency market. The article will explore which tokens are poised for growth and what indicators suggest a bullish phase may be on the horizon. Shiba Inu Price Action: Recent Short-Term Surge Amid Long-Term Decline Shiba Inu rose by 17.09% over the last month, contrasting with a significant 41.72% drop over the past six months. The one-week performance fell by 11.56%, emphasizing the coin's volatility. Prices have oscillated between $0.00001 and $0.00002, showcasing mixed momentum and fluctuating investor sentiment. Recent trends depict a coin caught between a short-term rally and long-term challenges, reflecting rapid shifts in market behavior. Current trading sees Shiba Inu hovering within a narrow price band, with $0.00001 acting as support and $0.00002 as resistance. Indicators show a near-neutral RSI of 51.27 combined with slightly negative momentum, indicating an absence of a clear trend. Bears dominate the short term as prices dip, though bulls might step in if support holds. Traders could focus on minor rebounds around support or wait for a decisive break above resistance before entering new positions. SPX6900: Strong Monthly Surge and Key Price Levels Define the Scene SPX6900 climbed about 70.68% in the last month and grew 30.76% over the past six months. SPX’s price behavior highlights rapid appreciation in the short term while maintaining a steady upward drift over half a year. The numbers suggest that buyer interest has surged, delivering quick gains alongside a longer-term optimistic trend. The current trading range lies between $0.41 and $0.68, with immediate resistance at $0.81 and support around $0.25. Although a recent weekly drop of 11.73% points to some bearish pressure, bulls still seem active as the monthly gain elevates the price. This setup calls for cautious plays, possibly buying near support and aiming for a controlled move toward resistance. Conclusion SHIB has moved past a crucial point, indicating potential market recovery. Increased activity in SHIB combined with bullish SPX charts suggests positive momentum. The broader market might see a rebound, especially in the memecoin sector. These signals hint at renewed investor interest in both SHIB and SPX. The coming days could be pivotal in determining the strength of this potential recovery. 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.