Robinhood seeks SEC clarity on real-world asset digitization and on-chain stock use. The proposed exchange would operate on Solana and Base networks for enhanced security. Continue Reading: Robinhood Proposes Bold Plan to Digitize Real-World Assets The post Robinhood Proposes Bold Plan to Digitize Real-World Assets appeared first on COINTURK NEWS .
US INTELLIGENCE DETECTED ISRAEL READY TO ATTACK IRAN: CNN
Long-term U.S. Treasury yields loom near 18-year peaks as anxieties over global sovereign debt deepen, challenging faith in conventional financial safe havens. Investors Dump Long-Dated Bonds as Credit Risks Spread This week, U.S. Treasury yields approached critical thresholds: The 30-year bond briefly breached 5% for the first time in 16 years, fueled by Moody’s decision
Cryptocurrency analysis company Glassnode evaluated the current developments in the cryptocurrency markets in its latest report. According to the report, Bitcoin’s recent strong price performance has led to significant improvements in investor portfolios, leading many investors to take steps toward risk reduction and profit taking. Glassnode reported that driven by these new capital inflows, Bitcoin’s Realized Cap has reached an all-time high above $900 billion for the first time, marking a major turning point in the asset’s history. Bitcoin rose to $107,000 in the past days and today according to Binance TR data, approaching its all-time high (ATH) of $109,000, which it reached in December 2024. This rise triggered new capital inflows into the market, paving the way for the Realized Market Value to break its historical record. Related News: Analyst Warns: “Bitcoin's Record High Has No Meaning, Focus on This Level Instead” The report also noted that short-term investors have seen one of the sharpest increases in profitability in recent times. This group of investors has seen a significant increase in spending, with a daily realized profit of $747 million and a total of $11.4 billion in the last 30 days. Apart from Bitcoin, Ethereum’s price has also seen a significant increase in recent weeks. It was stated that this increase could be related to the positive atmosphere created by the successful Pectra upgrade that took place on May 7. Ethereum has shown statistically significant increases on a daily basis several times. In particular, the single-day increase of 21.8% attracted attention as the strongest increase since May 2021. Glassnode identified the $2,400 to $2,900 range as a critical resistance zone and potential breakout level for Ethereum, noting that staying above this level is important for the continuation of the uptrend. *This is not investment advice. Continue Reading: Critical Technical Report Published for Bitcoin and Ethereum: Here’s What You Need to Know
Today in crypto, Argentine President Javier Milei shuts down a task force investigating the fallout from LIBRA. Germany’s summer 2024 Bitcoin sale is looking like a $2.3 billion blunder, and the US Senate moves forward with a key stablecoin bill. Argentina's Milei shuts down task force investigating LIBRA scandal Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona, government documents revealed . “The Research Task Unit is dissolved” after completing its mandate, the translated version of the decree read. The task force is being dissolved despite pressure from opposition groups, which are seeking to activate an investigative commission as soon as May 20, local media outlet Clarin reported . Government officials established the UTI on Feb. 19, days after Milei promoted LIBRA on his official X account. A screenshot of Milei’s tweet endorsing LIBRA. Source: TRM Labs His endorsement briefly sent LIBRA soaring from practically worthless to $5 a token and a nearly $5 billion market capitalization, before quickly crashing to zero in what appeared to be a classic pump-and-dump scheme. The fallout from LIBRA sparked allegations of insider trading and manipulation, with Milei caught in the crosshairs. German government missed out on $2.3 billion profit after selling Bitcoin at $57,000 The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham. A “ German Government (BKA) ” labeled cryptocurrency wallet sold 49,858 Bitcoin ( BTC) worth over $2.89 billion at an average price of $57,900 across multiple transactions during June and July in 2024. The decision to sell the Bitcoin early cost the German government over $2.35 billion, according to crypto intelligence platform Arkham. Source: Arkham “If they had held it, their BTC would now be worth $5.24B,” Arkham said in a May 19 X post, noting that Bitcoin has risen more than 80% since the sale. At the time of publication, Bitcoin was trading at more than $104,700, according to CoinMarketCap data. The German government-labeled wallet first raised speculation of a potential sell-off on June 19, 2024, when it executed a 6,500 BTC transfer worth over $425 million. The wallet originally held around 50,000 BTC, believed to have been seized from the operators of Movie2k, a now-defunct pirated film site. US Senate moves forward with GENIUS stablecoin bill The US Senate voted 66-32 on May 19 local time to advance a key stablecoin-regulating bill after Democratic senators blocked an earlier attempt to move the bill forward over concerns about President Donald Trump’s crypto interests. Several Democrats changed their votes to pass a motion to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, which will now set the bill up for debate on the Senate floor. Previously, on May 8, some Democratic senators withdrew support for the bill and blocked a motion to move it forward, citing concerns over potential conflicts of interest involving Trump’s various crypto ventures and the bill’s Anti-Money Laundering provisions. The US Senate voted 66-32 to advance debate on the GENIUS stablecoin bill. Source: US Senate Democratic Senator Mark Warner said before the vote that the US couldn’t “afford to keep standing on the sidelines,” while crypto-skeptic Democratic Senator Elizabeth Warren argued before the vote that it failed to address Trump’s “blatant crypto corruption.” Republican Senator Cynthia Lummis, one of the bill’s key backers, has said she thinks it’s a “fair target” to have the bill passed by May 26 .
The U.S. Senate voted Monday to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a bill aimed at regulating stablecoins, following a 66-32 procedural vote. The legislation, introduced by Sen. Bill Hagerty (R-Tenn.), seeks to establish a federal framework for stablecoin issuers, requiring full asset backing, monthly reserve disclosures, and annual audits for issuers exceeding $50 billion in market capitalization. The bill also restricts algorithmic stablecoins and prohibits large technology firms from issuing stablecoins unless they meet financial risk and consumer privacy criteria. The vote comes two weeks after Senate Democrats blocked the measure, citing concerns over consumer protections and potential conflicts of interest related to President Donald Trump’s cryptocurrency ventures. “The bill as it currently stands still has numerous issues that must be addressed, including adding stronger provisions on anti-money laundering, foreign issuers, national security, preserving the safety and soundness of our financial system, and accountability for those who don’t meet the act’s requirements.” Several Democratic senators later changed their stance, allowing the bill to proceed to debate on the Senate floor. The GENIUS Act is expected to face further amendments before a final vote, which could take place as early as the end of the week. If enacted, the bill would mark the first federal regulatory framework for stablecoins, a sector currently valued at nearly $250 billion. 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 US Senate Advances GENIUS Stablecoin Legislation Despite Democrat Opposition appeared first on The Daily Hodl .
DigiAsia's BTC treasury move is part of a larger trend that could drive over $300B inflows into BTC by 2030.
Ethereum is holding strong above the $2,500 mark after a volatile two-week stretch marked by heavy resistance and indecisive price action. While bulls have successfully defended key support levels, ETH continues to struggle against the supply wall just below $2,800. The broader crypto market mirrors this sideways trend, with Bitcoin and total market cap also trapped within tight ranges, limiting bullish momentum across the board. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Analysts are growing optimistic about the potential for an altseason — but only if Ethereum can convincingly reclaim the $3,000 level. A decisive breakout above that mark would signal renewed strength and likely spark a broader rally in altcoins, many of which have lagged behind in recent weeks. Top analyst Daan shared a technical breakdown, noting that Ethereum’s price action has been volatile over the past two weeks. He emphasized that ETH is currently range-bound, much like BTC and the rest of the crypto market. Until there’s a clear breakout from this local structure, traders remain cautious. Ethereum Bulls Hold Structure But Momentum Cools Ethereum bulls gained traction earlier this month when the price surged above the $2,200 level with ease, establishing a bullish structure for the first time in weeks. Momentum accelerated quickly, with ETH breaking through $2,550 on Sunday before retracing just as fast into the $2,400 zone. The rapid up-and-down action highlights the current uncertainty in the market, where investors remain cautious despite recent strength. The Sunday pullback added weight to analyst warnings that Ethereum could face short-term selling pressure before confirming the next leg up. While many remain bullish on ETH’s medium-term trajectory, they acknowledge that momentum has cooled and the market is pausing to reassess. Daan provided insights into Ethereum’s behavior, describing the price action as “pretty messy” over the past two weeks. He pointed out that ETH, like Bitcoin and the broader crypto market cap, is currently trapped in a tight range. According to Daan, he’s “not looking to do much until we at least convincingly break out of this local range.” The defined range sits between $2,100 (key support) and $2,800 (major resistance). If Ethereum holds above current levels and pushes past $2,800, it could trigger a fresh wave of bullish momentum. Until then, consolidation may persist. Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000? ETH Consolidates Below Resistance As Bulls Hold The Line Ethereum (ETH) is currently trading at $2,539 after a volatile week marked by strong bullish attempts and growing resistance pressure. The daily chart shows ETH attempting to hold above the 200-day EMA ($2,440.71), which has now turned into a short-term support zone. Meanwhile, the 200-day SMA sits higher at $2,701.31, acting as a key resistance level Ethereum must overcome to confirm a sustained rally. After a sharp rally in early May that propelled ETH from under $2,000 to above $2,700, the price has entered a period of consolidation. This pause comes after multiple failed attempts to break and hold above the $2,700 resistance, just under the 200SMA. Volume has decreased, and the recent price action suggests a battle between bulls trying to defend the $2,500 level and bears pressing to cap upside moves. Related Reading: Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours The bullish structure remains intact as long as ETH stays above the 200EMA and within the $2,400–$2,600 range. However, a failure to maintain current support could expose Ethereum to a deeper retracement toward $2,200. For bulls, reclaiming $2,700 is essential to unlock the next leg higher toward the psychological $3,000 level. Until then, traders should expect choppy price action and tightening volatility. Featured image from Dall-E, chart from TradingView
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