The post Is Trump Protecting Binance? US Lawmakers Push DOJ for Clarity appeared first on Coinpedia Fintech News Crypto is no longer just about money or tech anymore, it’s now a big part of politics, too. A fresh storm is brewing in Washington as top U.S. senators raise red flags over Donald Trump’s rising influence in crypto. They are asking questions about his reported links with Binance, one of the biggest crypto exchanges in the world. And they want answers fast. US Senators Question Trump’s Crypto Ties With Binance Democratic lawmakers, including Senator Elizabeth Warren and Chris Van Hollen, have raised serious concerns about President Donald Trump’s growing connection with the crypto world, especially with Binance, the world’s biggest crypto exchange. Eventually, the concern came right after news broke that MGX, an investment firm from Abu Dhabi, plans to use a stablecoin called USD1, linked to Trump’s crypto venture, World Liberty Financial (WLFI), to invest $2 billion in Binance. It’s not just about the money. Lawmakers are asking whether Trump and his allies might be influencing crypto policy behind the scenes. And that has some people worried. Binance’s History Raises Concerns Let’s not forget, Binance recently had to pay $4.3 billion in fines in a settlement with U.S. regulators. Its former CEO, CZ Zhao, also had to step down and serve a 4-month prison sentence, along with a $50 million personal fine. This has made the senators question whether Trump is trying to protect Binance or benefit from the exchange. Trump’s Crypto Moves Raise Eyebrows Adding to the controversy, Trump has become increasingly active in the crypto world. From launching his own memecoin project that’s already pulled in millions from fees to hosting private dinners for top trump memecoin holders on May 22 . And with his family’s crypto company behind the USD1 stablecoin now tied to a Binance investment, his presence in the digital asset world is hard to ignore. Senators Demand Clear Answers All this controversy began when the U.S. tried to pass new crypto rules. Senator Elizabeth Warren blocked a vote on a stablecoin bill called the GENIUS Act. Warren said lawmakers shouldn’t help “facilitate this kind of corruption” without asking the tough questions. Senator Warren is now asking the Justice Department and Treasury for a full update. They want to know: Is Binance following its legal agreement? Is it really leaving the U.S.? If yes, then when? Whether Trump’s stablecoin being pushed for listings on Binance? Has anyone talked about a pardon for CZ? They’ve asked for a reply by May 21.
The post Solana Price Misses Key Target Again as Investors Show Caution, But This $0.20 SOL Rival Won’t Stop Moving appeared first on Coinpedia Fintech News Solana has struggled to reclaim momentum after FTX unstaked 186,000 SOL tokens, sparking fears of a market dump. While SOL holds above $120, uncertainty lingers as whale activity offsets bearish signals. Meanwhile, Rexas Finance (RXS) surges past $48 million in presale funding, defying the cautious mood gripping Solana investors. Priced at $0.20, RXS has rallied 6.6x since its initial presale stage, with 92% of its 500 million token allocation already sold. Backed by real-world asset tokenization and a CertiK-audited ecosystem, RXS positions itself as a tangible alternative to speculative tokens. Revolutionizing Asset Ownership Rexas Finance is transforming how global investors interact with high-value assets. By tokenizing real estate, gold, and commodities, the platform breaks barriers to entry. A retail investor in Tokyo can now own a fraction of a Parisian apartment, earning passive income from rental yields. Similarly, a small investor in Nairobi might hold shares in a Dubai-based gold reserve. The $15.8 trillion global real estate market and $12 trillion commodity sector are now accessible through blockchain, eliminating intermediaries and geographical limits. The process starts with the Rexas Token Builder, a tool enabling anyone to convert physical assets into digital tokens. Users define ownership percentages, set terms, and launch tokens in minutes. This democratizes asset creation, allowing businesses and individuals to monetize properties, art, or intellectual property. For instance, a New York restaurant owner could tokenize 30% of the venue, raising capital while retaining control. Building and Funding Tokenized Assets Rexas Launchpad connects creators with investors, streamlining capital formation. Startups and established firms pitch tokenized assets, attracting backers through transparent smart contracts. A recent $150,000 RXS purchase by whale wallet “0x3fD1…A9c2” highlights institutional interest—equivalent to 750,000 tokens at the current $0.20 price. Unlike traditional fundraising, the launchpad ensures liquidity from day one, with tokens tradable on decentralized exchanges post-launch. The presale’s velocity underscores market confidence. Stages 1–11 sold out rapidly, raising $41 million before the final stage began. With 460.5 million RXS tokens (92% of the presale supply) already claimed, the $0.20 entry point closes soon. Post-presale, RXS will list at $0.25 on three top-tier exchanges in 2025, offering early backers an immediate 25% gain. Analysts project a climb to $10+ within months of launch, fueled by real-world utility and expanding adoption. Security and Market Momentum Rexas Finance prioritizes trust through rigorous security protocols. A CertiK audit verified its ERC-20 smart contracts, ensuring robustness against exploits. This validation matters in a market wary of rug pulls, attracting cautious investors seeking stability. Listings on CoinMarketCap and CoinGecko amplify visibility, placing RXS before 100 million monthly users. These platforms vet projects thoroughly, adding credibility that meme coins rarely achieve. A $1 million giveaway adds urgency, with 20 winners set to receive $50,000 each. Participants submit ERC-20 wallet addresses, complete social tasks, and refer friends for bonus entries. Combined with a 22.5% staking pool, Rexas incentivizes long-term holding—a strategy contrasting Solana’s volatile trading patterns. Seizing the Presale Window While Solana navigates FTX-related turbulence, Rexas Finance capitalizes on blockchain’s next frontier: real-world asset integration. Its presale nears completion, with $7.9 million left before hitting the $56 million cap. Early buyers benefit from a fixed $0.20 rate, avoiding higher post-launch prices. For context, a $1,000 investment today could yield $50,000 if RXS hits $10—a 50x return mirroring early Bitcoin gains. The team’s decision to bypass venture capital underscores their community-first ethos. Instead of reserving tokens for insiders, RXS empowers retail investors to lead this financial shift. As tokenization reshapes trillion-dollar industries, Rexas positions itself at the intersection of innovation and accessibility. Final Call for Early Entry Rexas Finance merges blockchain’s potential with tangible asset markets, offering a hedge against crypto’s speculative swings. With Solana’s trajectory uncertain, RXS emerges as a structured, high-growth alternative. The final presale stage closes once the remaining 39.5 million tokens sell out. Post-launch, analysts foresee relentless demand as tokenized assets gain mainstream traction. Rexas represents a rare convergence of innovation, security, and profit potential for investors seeking projects grounded in real utility. For more information about Rexas Finance (RXS) visit the links below: Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
Bitcoin and digital assets thrive in economic turbulence, BIS report finds. Stablecoins gain traction amidst evolving financial needs and constraints. Continue Reading: Bitcoin Gains Traction in Times of Economic Turmoil The post Bitcoin Gains Traction in Times of Economic Turmoil appeared first on COINTURK NEWS .
Veteran trader and Ethereum critic Brandt suggests ETH can show a major price surge
Roger Stone has called for the “execution” of Democratic Senator Mark Kelly after his criticism of United States President Donald Trump’s crypto haul. Stone, a Republican strategist, mentioned this because the lawmaker accused Trump of cashing in on his tokens from a position of power in the White House. According to previous reports, the Arizona Senator introduced legislation banning cryptocurrency-related corruption by federal government officials. The End Crypto Corruption Act seeks to ban the President, Vice President, Senior Executive Branch Officials, and their immediate families from issuing, endorsing, or sponsoring digital assets such as meme coins and stablecoins. The Senator had also previously slammed the $TRUMP meme coin, calling it a “corruption in daylight.” Now, Trump has been actively promoting investment in the token from the White House, in addition to hosting a dinner for top investors in the token later this month, where each investor pays $1.5 million for the event. Many of the investors are non-Americans and have raised concerns that they may be seeking favors from Trump in exchange for benefits that may not be in the interest of America. Roger Stone wants Mark Kelly investigated for treason Roger Stone, in reaction to the development, has accused Kelly of treason. According to his post on X, he added that Kelly has been using his seat in the Senate as a partner of the Chinese communist company that makes spy balloons. “Senator Mark Kelly is cashing in on his US Senate seat as a partner in a Chinese communist company that makes surveillance balloons. He should be charged with treason and, if convicted, executed, consistent with federal law,” Stone said on X. Senator Mark Kelly is cashing in on his US Senate seat as a partner in a Chinese communist company that makes surveillance balloons. He should be charged with treason and if convicted executed , consistent with federal law. https://t.co/wqVMFxFchr — Roger Stone (@RogerJStoneJr) May 8, 2025 Kelly, a former astronaut, was a co-founder at the Tucson-based Arizona firm World View Enterprise, specialising in high-altitude balloon near-space exploration. Chinese firm Tencent was an investor in the company from 2013 to 2016, with Kelly’s stock in the company reportedly being held at a blind trust since 2021. Democrats have been trying to crack down on what they described as “cryptocurrency corruption by Trump and other government officials.” The development has also gotten some Republicans worried , with Wyoming Senator Cynthia Lummis and Alaska Senator Lisa Murkowski openly suggesting that it is improper for a president to openly profit from digital assets while still in office. Senator Lummis has also called for a regulation that would address the issue. Trump’s investor dinner raises eyebrows There have been concerns and raised eyebrows after investors in Trump’s meme coin started submitting bids to become one of the Top 220 owners of his digital asset. The move has been seen as one that could earn them an invite to a dinner with the president at his Virginia golf club later this month. While about 80% of the meme coin supply is controlled by the Trump Organization and close associates, about 19 of the top 25 investors use foreign exchanges that are closed to United States residents. The opportunity to be invited to a dinner with the American president has triggered a buying frenzy, with the move triggering a 20% jump in the value of the meme coin. According to reports, the Trump family has raked in profits of about $320 million from the meme coin since January. When challenged about profiting off the presidency by NBC’s Kristen Walker, Trump said, “I’m not profiting from anything.” He further added that if he owns a stock in a product and he does a good job and the value goes up, it means he is profiting. The controversy surrounding the Trump token comes as his sons Eric and Donald Trump Jr, have been embarking on a world tour in the last few weeks to prop up business, making stops in Europe and the Middle East. The pair has carried out acts that are related to Trump-associated businesses, which could directly benefit the president. However, the Trump Organization has mentioned that the president’s businesses and assets are in a trust while he’s president, and he has no direct links to them. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Whales accumulate $3.5M SUNDOG as price nears breakout above key resistance.
After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)’s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge – Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this year’s retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following today’s performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the pattern’s right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a “historical demand region on the monthly timeframe.” In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. “As such, a reclaim could see XLM challenge the $0.52 blue highs over time,” Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The post Ripple News: XRP’s Role in Blockchain Interoperability appeared first on Coinpedia Fintech News As Cosmos, Polkadot, and Chainlink push for blockchain connections, XRP’s spotlight is now shining brighter . Interoperability has become a key trend for crypto mass adoption, and blockchains must communicate to avoid obsolescence. While XRP has been known for its speed and financial focus, it’s now positioning itself as a major player in the multichain ecosystem. CAN XRP WIN THE INTEROPERABILITY WAR? Cosmos, Polkadot, and Chainlink are racing to connect blockchains… But XRP may have a secret weapon—and it's not what you think. Let’s unpack the truth. — All Things XRP (@XRP_investing) May 10, 2025 XRP’s Strength in the Real World XRP isn’t just fast and cost-effective. It has already integrated into over 200 financial institutions through RippleNet, with transaction speeds of 3-5 seconds and costs of a fraction of a cent. Ripple’s established trust with major banks such as Santander, Bank of America, and American Express is a notable advantage. Beyond banking, XRP is expanding its use, with projects like Colle AI leveraging it for cross-blockchain NFT functionality. Moving from Finance to Interoperability XRP is stepping into the multichain realm, now integrated with Cosmos through IBC and developing an EVM-compatible sidechain. These strides position XRP to act as a bridge, interacting with DeFi ecosystems that were previously out of its reach. The future of XRP is not just about banking but expanding into a multichain environment. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP Price Rally Raises Questions About Market Integrity , XRP Faces Challenges Despite its solid infrastructure and regulatory progress, XRP faces key hurdles. Ripple Labs controls over 50% of XRP’s token supply, raising concerns of centralization. Its DeFi presence remains in its early stages, and compared to Polkadot or Cosmos, XRP’s smart contract functionality is still lacking. The Path to Victory XRP’s potential for dominance in interoperability doesn’t hinge on hype but infrastructure. While others build the technology for blockchain communication, XRP is already entrenched in real-world finance. 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Yes, Ripple settled with the SEC, marking a major legal win and clearing regulatory hurdles for XRP adoption. How fast are XRP transactions? XRP transactions settle in 3–5 seconds and cost just fractions of a cent, making it one of the fastest blockchains for payments. Is XRP used by banks? Yes, XRP is integrated with over 200 financial institutions including Bank of America, Santander, and American Express via RippleNet. What is XRP’s role in decentralized finance (DeFi)? XRP is expanding into DeFi through EVM sidechains, aiming to support smart contracts and multichain applications like cross-chain NFTs.
According to COINOTAG on May 10th, recent data from CoinGecko reveals that Upbit has achieved an impressive trading volume of $3.875 billion within the last 24 hours. Notably, the XRP/KRW
Bitcoin managed to reclaim $100,000 for the first time since February this week as economic tensions in the US eased. The broader crypto market responded in kind, with total market capitalisation rising over 8% to approximately $3.37 trillion by Friday. Sentiment indicators reflected the rally, as the Crypto Fear and Greed Index climbed from 67 to 73, reinforcing its position within the “greed” zone. Gains were stronger across the altcoin markets, with most of the top 99 closing the week in the green, and several notching double-digit gains. Why is Bitcoin going up? As of late Asian trading hours on Friday, Bitcoin was up over 6% on the week, with most major crypto assets also spiking. The late week surge followed reports of renewed US-China trade talks and rising geopolitical tensions between India and Pakistan, two catalysts that injected fresh volatility into global risk markets. US Treasury Secretary Scott Bessent confirmed plans to meet with China’s Ministry of Commerce in Switzerland to discuss trade barriers. The announcement was met with a constructive response from Beijing, fuelling optimism across risk markets and helping lift sentiment in the crypto sector. Adding to the bullish backdrop, a new US-UK trade dea l announced on May 8 further lifted sentiment. Meanwhile, the Federal Reserve held interest rates steady, with Fed Chair Jerome Powell warning that inflation risks remain elevated. However, the absence of unexpected tightening gave traders some reassurance, no rate cuts, but no unwelcome surprises either. That clarity, combined with a shift back toward risk appetite and fresh institutional inflows, helped propel Bitcoin higher. Institutional activity played a key role in sustaining the momentum. Data from Farside Investors shows that spot Bitcoin ETFs recorded cumulative net inflows of $142.3 million on May 7 alone. Inflows remained strong on May 8, with Bitcoin ETFs attracting another $117 million, led by BlackRock’s IBIT at $69 million. Bitcoin price outlook With Bitcoin seemingly stablising over the $100k mark, analysts were seen setting ambitious targets for the benchmark cryptocurrency. When writing, Bitcoin was trading roughly 5% below its all-time high of around $109K hit in late January this year, though several analysts believed a fresh all-time high may be due. In the near term, traders like AlphaBTC are eyeing a move toward $106,000. He pointed to Bitcoin’s breakout from an ascending parallel channel, with Fibonacci retracement levels lining up neatly with support zones. “It makes me think BTC has another leg to 106K+ before it corrects,” he said, noting the strength of the current trend. Others, like market analyst Skew, believe the recent rally was driven more by headlines than fundamentals, particularly news about US-UK trade agreements and speculation involving President Trump’s tariff strategies. That, he says, makes it a “crucial trading day,” where volume and passive flows will determine whether Bitcoin can hold ground above six figures or fall back under pressure. For now, the technicals are still supportive. BTC/USD recently cleared a key Fibonacci level at 1.618 and is now trading near a major volume-area high (VAH), according to analyst Patric H. BTC/USD perpetual futures 1-day chart. Source: Patric H. A sustained push from here could remove the final resistance before new all-time highs. Backing that theory, Bitcoin liquidation data on CoinGlass shows sellers are starting to thin out above $103K, which could give Bitcoin the space it needs for a clean breakout. Zooming out, some analysts are already looking far beyond the $100K zone. Pseudonymous analyst Egrag Crypto has placed a long-term target around $170,000 if BTC can pull off a clean break and close above $109K. However, anything short of that, he warns, could be just another bull trap. Joining Egrag was Binance founder Changpeng Zhao, who speculated a cycle top of a whopping between $500,000 and $1 million driven by institutional flows, government-level accumulation, and what he calls a “pro-crypto US administration.” Altcoin market recap The altcoin market rallied nearly 15% over the past week, climbing to $1.28 trillion by Friday. While renewed risk appetite played a big role, growing speculation around the start of altseason added fuel to the surge. Bitcoin dominance has been steadily rising, and some analysts are watching it closely for a potential shift. Historically, the 71% dominance level tends to mark the point where Bitcoin starts consolidating, giving altcoins room to run. Right now, BTC dominance sits around 64%, setting the stage for what could be a key retest, as noted by Rekt Capital. With altcoins making a strong comeback, the Altcoin Season Index jumped from 18 last week to 37, an early sign that risk appetite is returning to the market. The top performers were: Pepe Pepe (PEPE) jumped 41.3% over the past week and was trading at $0.00012 at the time of writing. This rally pushed its market cap up to $5.24 billion, its highest level since February. Source: CoinMarketCap Most of the gains came after Elon Musk shared a picture of Pepe the Frog and the Pepe memecoin mascot dressed in American-themed armor, sparking fresh excitement among investors. Musk has a history of moving markets with his tweets, especially with meme coins like Dogecoin (DOGE) and Pepe. PEPE also got a boost after forming a “double-bottom” pattern on the charts, a bullish signal in technical analysis that could mean more gains ahead in the coming weeks. Pyth Network Over the past 7 days, Pyth Network (PYTH) shot up 33% to around $0.20 at the time of writing, pushing its market cap to over $730 million. Daily trading volume also surged, jumping nearly 600% as of May 9 to hover above $225 million. Source: CoinMarketCap Most of these gains came after Jupiter Exchange announced it had integrated Pyth’s Express Relay into Juno, its new liquidity system. This integration allows traders to get the best possible price by tapping into Pyth’s real-time data feeds. Further investor hype also seems to be driven by the possibility that Pyth will reward its community members who qualified for the April Kaito leaderboard, potentially through a PYTH token airdrop by the end of this week. Pudgy Penguins Pudgy Penguins (PENGU) jumped 21% over the past week, with its market cap climbing past $4.9 billion at the time of writing. Daily trading volume also got a boost, rising 36% as about $540 million worth of tokens changed hands between traders. Source: CoinMarketCap The main catalyst that fueled the majority of its gains was its listing on Upbit, a top crypto exchange in South Korea, which added PENGU to its spot trading platform. On top of that, Pudgy Penguins’ NFT sales have been soaring lately. Data from Crypto Slam shows sales spiked 140% in the past 24 hours, pulling in $680,000 and making Pudgy Penguins the 7th most popular NFT collection in the world. The post Bitcoin reclaims $100K as analysts eye new ATH; PEPE, PYTH leads weekly profits appeared first on Invezz