Launch Coin on Believe ($LAUNCHCOIN) has seen its price explode by 34,882% in the past month according to data from CoinMarketCap, as it moved from $0.00055 to $0.1877 during this period. Believe is a mobile app through which crypto enthusiasts can launch new meme coins and tokens that they want to promote. It works similarly to Pump.fun. The tokens are minted in the Solana blockchain and they will be available to be bought and sold through decentralized exchanges like Jupiter. According to data from Onchain Lens, a whale bought $1.56 million to buy 9.55 million LAUNCHOIN tokens. This is a big move for a token with a market cap of just $176 million. A whale spent $1.56M $USDT to buy 9.55M $LAUNCHCOIN at a price of $0.16, currently having a floating profit of $800K. Address: 4STJA1sGVcN3husxLqtoA9oCqSJeQjoLb9WYRjbDvQCD Data @nansen_ai pic.twitter.com/rxSaKTjTrS — Onchain Lens (@OnchainLens) May 14, 2025 Trading volumes for LAUNCHCOIN have exploded recently and currently account for 99.9% of the token’s circulating supply. It is unclear who this whale is and their intentions are, but vigorous buying activity from whales typically anticipates upcoming price surges for low-volume tokens like LAUNCHCOIN. Launch Coin Shows Signs of a Weakening Uptrend Looking at the hourly chart on MEXC, the price of LAUNCHCOIN started to surge rapidly after the 21-day exponential moving average (EMA) crossed above the 200-day EMA last Saturday and has delivered significant gains since then. The rally pushed LAUNCHCOIN from around $0.00558 to its current level at $0.1956. The latest price action shows that the token is retesting a key support that could either result in a break of structure or a strong bounce to new heights. If the price moves below the $0.1750 level, it would confirm what could be the end of this latest uptrend and the beginning of a correction. The key support to watch down the road is the 200-period EMA in the hourly chart. If the price stays above this marker, the short-term outlook for LAUNCHCOIN will continue to be bullish. Can this token get to $1? If the Believe app continues to gain traction as an alternative token minting tool to Pump.fun, the demand for LAUNCHCOIN will likely rise and could push the price to those heights. However, if the hype fades, the token could also experience a significant correction in the next few days. Meme coins are a promising segment of the crypto space that has delivered big gains to early buyers. MIND of Pepe (MIND) has emerged as one of the top meme coin presales of the year and you still have time to invest at its discounted price before the ICO ends. MIND of Pepe (MIND) Leverages the Power of AI and Viral Memes to Launch a Captivating AI Agent MIND of Pepe (MIND) is an AI agent designed to interact with high-profile accounts and regular users across social media platforms like X to progressively build an influence. The agent will engage in conversations about meme coins and the state of the crypto market to capture social trends and emerging opportunities that will be passed on to $MIND holders so they can take advantage of these insights. As its influence grows, MIND of Pepe can also launch its own meme coins to capture new trends. $MIND holders will get early access to these token offerings to reap the highest returns once they are offered to the general public. To buy $MIND at its discounted presale price, head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH for this token or use a bank card to make your investment. The post Launch Coin on Believe Price Update: Whales Snipe $LAUNCHCOIN at $0.16, Is $1 Next? appeared first on Cryptonews .
The post XRP Becomes Third Largest Crypto After 21% Surge, Can it Overtake ETH? appeared first on Coinpedia Fintech News XRP has reclaimed its spot as the third-largest crypto by market cap after briefly slipping to fourth. Now trading at $2.61, XRP’s market cap has surged to nearly $153 billion, once again pushing it ahead of Tether. The recent US-China deal talks have lifted the market sentiment, with XRP rising 7-12% in the last three days. What’s Driving the Surge? XRP has upheld the bullish trend as crypto markets see continued momentum. The rally, now in its second week of gains, is driven by a $1 billion surge in Open Interest. $XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE — glassnode (@glassnode) May 13, 2025 XRP futures open interest rose from $2.42 billion to $3.42 billion in just a week, according to data from Glassnode. This $1 billion increase shows more money is flowing into XRP and more traders are betting on big price moves ahead. Another factor behind XRP’s rally is the growth in XRP wallets, with nearly 6.5 million non-empty wallets, the highest in its 12-year history. Over 638,000 new wallets were added in early 2025, which shows strong interest, both retail and institutional. XRP’s RSI remains neutral, and most moving averages are flashing buy signals. The MACD also shows bullish momentum. Will XRP Outperform Ethereum? According to Standard Chartered, XRP will overtake Ethereum in market cap by 2028, driven by its core utility as a platform for cross-border and cross-currency payments. Analyst Geoffrey Kendrick sees XRP as a top performer alongside Bitcoin and Avalanche, while Ethereum is viewed as an underperformer in the digital asset space. The XRP ETF has also seen five consecutive weeks of inflows, with $14 million added this week, up from $10 million last week. There’s also growing speculation that the SEC will approve XRP ETFs, which could further boost demand. Analysts believe XRP ETF inflows could hit $8 billion in its first year, surpassing Ethereum’s ETF performance. Another analyst, the Modern Investor, recently shared that if XRP’s price doubles to $5.20, it could overtake Ethereum and become the second-largest crypto. Attorney John Deaton also believes that XRP has more appeal to Wall Street than they are willing to admit, and it could flip Ethereum by the end of this year. However, Ethereum has also taken pace recently, nearing the $2,700 mark. It has gained nearly 50% in the past two weeks, and it remains to be seen if XRP will be able to leave Ether behind.
Ethereum’s resurgence has propelled its market dominance to critical overheating levels, indicating a potential for significant price corrections ahead. As Ethereum’s market share hovers near 10%, traders must navigate the
In crypto news today: Crypto market is green today BitPay Launches HODL Pay, Expands DeFi Payment Options Wire Network Taps Microsoft, Animoca, Figment Vets Fetch.ai and Rivalz Bring AI Inference On-Chain __________ Crypto market is green today After a single day of drops, the crypto market is back in the green. Over the past 24 hours, the global cryptocurrency market capitalization has dropped 0.6%, currently standing at $3.49 trillion. At the time of writing, the daily crypto trading volume is $157 billion, back to the levels we typically see. All top 10 coins are back to green today. Ethereum (ETH) is the category’s best performer. It’s up 4.9% to $2,601. It’s followed by Dogecoin (DOGE) , which increased by 4.1%, trading at $0.2363. At the same time, Bitcoin (BTC) recorded the smallest increase, appreciating 0.3% to the current price of $103,845. Looking at the top 100 coins per market cap, we find only nine in the red, four of which fell by more than 1%. Dogwifhat (WIF) dropped the most: 4.3%, changing hands at $1.1. Virtuals Protocol (VIRTUAL) follows with a 2.7% drop to $1.99. On the other hand, Raydium (RAY) is the day’s best performer. It’s up 17.3%, currently trading at $3.73. Ethena (ENA) also saw a double-digit rise of 12.2% to the price of $0.4258. Fetch.ai and Rivalz Bring AI Inference On-Chain Infrastructure provider Rivalz Network and Fetch.ai , an AI company and founding member of the ASI Alliance , announced a collaboration to bring Fetch.ai’s proprietary ASI-1 LLM model into Rivalz’s Agentic Data Coordination System (ADCS). The integration enables decentralized applications ( dapps ) to access advanced AI inference directly on-chain. Smart contracts can send inference requests to the ASI-1 model and receive responses on-chain. Therefore, developers can design AI-powered dapps that make data-driven decisions in real time. They can send requests for AI analysis, such as market predictions or content generation, without the high cost of on-chain computation. Instead, AI processing happens off-chain, and the result is delivered to the blockchain. Rivalz [ADCS] and @Fetch_ai join forces! ASI-1 LLM Now Live on ADCS @Fetch_ai ’s cutting-edge ASI-1 LLM is now integrated into Rivalz’s ADCS, empowering smart contracts with real-time AI for DeFi predictions, smart contract automation, generative NFTs, and more. Every request… pic.twitter.com/TOBWe8Cgi9 — Rivalz Network (@Rivalz_AI) May 14, 2025 Furthermore, the integration will boost the functionality of dapps across various sectors, the team argues. In DeFi, smart contracts can incorporate real-time AI predictions into trading algorithms and execute transactions. NFT platforms can utilize ASI-1’s generative capabilities to create unique art or content at the point of minting. Additionally, supply chain and logistics dapps can leverage AI-driven forecasting to optimize operations and manage demand more effectively. “In each of these cases, ADCS simplifies the developer’s work by handling the off-chain data fetching and the secure transmission of verified results. Developers no longer need to build their own AI pipelines or manually verify every data feed, as the ADCS framework takes care of these tasks in a decentralized and trustless manner,” the press release says. BitPay Launches HODL Pay, Expands DeFi Payment Options Crypto exchange BitPay has announced the launch of HODL Pay , its new payment option for consumers and merchants. According to the press release, HODL Pay connects decentralized finance ( DeFi ) with everyday commerce. Users can borrow stablecoins from DeFi against their crypto holdings and pay BitPay invoices at checkout. Source: BitPay Users can use the borrowed funds for any purchase, including shopping, travel, vehicles, luxury goods, and more. Users can also pay credit card bills. Therefore, consumers can keep their crypto and “stay invested while instantly accessing liquidity in stablecoins to meet immediate spending needs,” the exchange says. To use HODL Pay, users must have/create a supply position on Aave , collateral for borrowing. Then, they generate a BitPay invoice by shopping with a BitPay merchant, signing up for Bill Pay, or purchasing a crypto-powered gift card. Once they connect a crypto wallet using WalletConnect , they can borrow stablecoins and complete the payment. Wire Network Taps Microsoft, Animoca, Figment Vets Wire Network has announced that it’s expanding the leadership team with four new executive hires, following the hire of WallStreetBets founder Jaime Rogozinski as Chief Strategy Officer. Per the press release shared with Cryptonews , the goal is to help the team solve crypto’s problem of fragmentation. The team has welcomed Nick Greenawalt as Chief Marketing Officer, Will Little as Chief Operating Officer, Gavin Gillas as Head of Strategic Partnerships, and Rick Grimes as VP of Operations. Don't miss this Tomorrow → @KenDicross talks the new digital economy (and why Wire is leading the way). Reserve your spot below: pic.twitter.com/wB7p3pcAln — Wire (@Wire_Blockchain) May 14, 2025 Greenawalt was previously the CEO and Co-Founder of Wanderers , a Web3 sci-fi universe developed from an animated NFT collection into a game backed by Animoca Brands . He will now lead creative marketing for strategic partnerships across blockchain areas, from gaming to app development. Little is a bioengineer, software developer, startup founder, and investor with experience from over 100 portfolio investments. He incubated companies like Figment and deployed blockchain infrastructure with NGOs in West Africa. He will now help build accessible, globally impactful digital infrastructure. Gillas is the former CEO of blockchain startup Project Venkman and has worked on developing transformative programs around intellectual property related to consumer engagement. In his new position, he will work on partnerships that focus on blockchain interoperability. Grimes is a former Microsoft and Yahoo! Operations and Marketing leader, with decades of experience in scaling operations at companies of all sizes. He is now responsible for operational enablement across the Wire Network business functions. __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
Shiba Inu getting closer to massive on-chain reversal, but price might not follow rightaway
Key takeaways : Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks. ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction. Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800. Ether ( ETH ) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) back toward the critical 10% threshold for the first time since March. But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate its recent rally just yet. Ether’s RSI most overextended since May 2021 The strong recovery in Ethereum’s crypto market share has pushed its daily relative strength index (RSI) to its most overbought zone since May 2021, raising red flags for traders betting on further upside, at least in the short term. Historically, such extreme RSI levels on ETH.D have marked the beginning of major pullbacks. One notable instance occurred in early July 2024, when ETH dominance peaked near similar RSI levels. ETH.D daily performance chart. Source: TradingView Over the following 315 days, ETH.D dropped by more than 17.5%. The current RSI spike, again above 80, mimics a similar setup, suggesting that Ethereum could be nearing a local top in its market share. Adding to the bearish outlook, ETH.D remains below its 200-day exponential moving average (200-day EMA; the blue wave). This resistance level has repeatedly capped Ethereum’s dominance during previous recovery attempts. Previous overbought pullbacks have initially pushed Ethereum’s market share toward its 50-day EMA (the red wave). The ETH.D metric, therefore, risks declining toward its current 50-day EMA support at around 8.24% by June, suggesting potential capital rotation out of Ethereum markets to other coins in the coming weeks. Bearish divergence signals 15% ETH price drop On the four-hour ETH/USD chart, a classic bearish divergence is emerging, where Ethereum’s price continues to print higher highs, but momentum indicators trend lower. Crypto trader AlphaBTC noted that ETH is showing “three clear drives of divergence,” a setup often preceding trend exhaustion. He added that key Fibonacci levels align with potential support zones, suggesting a pullback could be imminent. ETH/USD four-hour price chart. Source: AlphaBTC With ETH hovering near the $2,740 Fibonacci extension, profit-taking pressure may intensify, opening the door for a short-term correction toward lower Fib levels at around $2,330 or even $2,190, down 10-15% from the current prices. Independent market analyst Michaël van de Poppe suggests ETH’s decline in the coming weeks could serve as a “buy-the-dip opportunity,” indicating that the cryptocurrency would eventually climb over $3,500. Related: Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here Veteran trader Peter Brandt further predicts a “ moon shot ” rally to over $3,800. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Mid-May has been a minefield for cryptocurrency short traders as many digital assets enjoyed rallies not seen in months. In the 24 hours between the morning of May 13 and the morning of May 14, as much as $20.4 million worth of Bitcoin ( BTC ) shorts were liquidated, per data retrieved from Coinalyze on May 14. Of these, perpetuals accounted for almost the entire amount, while only approximately $39.9k were marked as futures liquidations. BTC 24-hour liquidations. Source: Coinalyze The erasure of bearish bets coincided with a shallow correction in the cryptocurrency market . After climbing above $105,000 on May 12, Bitcoin corrected below $102,000 on May 13, only to soon regain upward momentum. Overall, mid-May volatility resulted in BTC being 7.39% up in the weekly chart with its press time price of $104.136. BTC one-week price chart. Source: Finbold Crypto market volatility liquidates $17 million in bullish bets Elsewhere, the volatility hasn’t been kind to bullish bets , though to a lesser extent than toward short sellers. Notably, the last 24 hours saw liquidations totalling $37.8 million. Long perpetuals and futures accounted for $17.4 million of the total, indicating a 46% to 54% balance between bullish and bearish ill-fated bets. Is it better to go long or short on BTC in May? Looking ahead, technicals show a slight bias toward short positions. Bitcoin’s 14-day relative strength index ( RSI ) has climbed to 71.19, thanks to the latest rally, positioning the cryptocurrency as overbought. Selling pressure, however, is likely to be prevalent only in the shorter timeframes. BTC is well above its nearest support at $102,233 and almost guaranteed to evade a deeper plunge if it stays above the psychologically important threshold of $100,000. The overall digital assets market sentiment reinforces the likelihood of Bitcoin staying above the critical level. The popular ‘Fear & Greed Index’—an index that measures investor confidence that a bull or bear cycle will persist—stands at 74, firmly in the ‘Greed’ zone, per the statistics Finbold retrieved from CoinMarketCap on May 14. Cryptocurrency ‘Fear & Greed Index’ 30-day chart. Source: CoinMarketCap On the flip side, the cryptocurrency is close to its nearest resistance at $105,584, and the closer it gets to it without a breakout, the more likely a short-term short position will prove a sound investment. Featured image via Shutterstock The post Millions of dollars in Bitcoin shorts just got liquidated appeared first on Finbold .
Steak 'n Shake will begin accepting Bitcoin payments at all 393 U.S. locations starting Friday, May 16. The company updated its website to feature Bitcoin and will introduce BTC-branded burgers as part of the launch. CEO Dan Edwards stated the company's goal is to enable Bitcoin payments at all international units, with each country to announce its own launch date. The move was announced on May 9, with Steak 'n Shake signing off as 'Steaktoshi' and stating, "The movement is just beginning." To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The Financial Times has released a new documentary titled "Michael Saylor's $40 Billion Bitcoin Bet," which explores the extensive Bitcoin investment strategy led by Michael Saylor. The film highlights Saylor's company's Bitcoin treasury, which reportedly holds around 550,000 bitcoins. This documentary has garnered attention for showcasing the scale and impact of Saylor's Bitcoin acquisition approach, often described as a persistent and influential investment trend in the cryptocurrency space. 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
MoonwellDeFi has integrated its flagship USDC Vault on the Optimism (OP) Mainnet, enabling users to earn WELL and OP rewards alongside borrower fees from MorphoLabs' isolated markets. This integration allows depositors to earn multiple rewards including WELL tokens, OP tokens, and fees from borrowing activities, all accessible through the Moonwell app. MoonwellDeFi is the first frontend to support MorphoLabs on the Optimism mainnet and has developed a staking contract system that allows instant claiming of OP and WELL rewards without delays. MorphoLabs also announced that lending and borrowing on the HyperliquidX EVM platform are powered by its technology, further expanding its presence on the Superchain ecosystem. 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