Standard Chartered Bank has forecasted that the cryptocurrency Binance Coin (BNB) could reach a price of $2,775 by the end of 2028. This projection was reported by multiple sources, highlighting the bank's optimistic outlook on BNB's market performance over the next few years. 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
On May 6th, COINOTAG News highlighted insights from crypto analyst ali_charts, emphasizing that Bitcoin is currently positioned at a crucial support level of $93,198. Analysts point out that maintaining this
The Federal Reserve's decision on interest rates creates uncertainty in crypto markets. Investor caution has affected Bitcoin's price and trading volumes negatively. Continue Reading: Crypto Markets Brace for Fed Decision as Uncertainty Looms The post Crypto Markets Brace for Fed Decision as Uncertainty Looms appeared first on COINTURK NEWS .
In a development that highlights the unique and often unpredictable nature of the cryptocurrency market, the developer behind the OfficialTrump (TRUMP) memecoin is reported to have accumulated over $320 million in crypto fees . This staggering figure, cited by Fortune Crypto based on data from blockchain analytics firm Chainalysis, sheds light on the lucrative potential hidden within decentralized finance mechanisms, even for assets driven primarily by internet culture and political affiliation. The news underscores the significant financial flows that can occur within the memecoin ecosystem, a corner of the crypto market known for its volatility and community-driven pumps and dumps. While many focus on the price speculation of memecoins, this report shifts attention to how the infrastructure supporting these tokens – specifically decentralized exchanges and their liquidity pools – can generate substantial passive income for those who set them up. What is the TRUMP Memecoin Phenomenon? The TRUMP memecoin is one of several cryptocurrency tokens created around political figures, particularly former U.S. President Donald Trump. These tokens often gain traction among supporters or those looking to speculate on political events. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which aim to solve specific technical or financial problems, memecoins like TRUMP are primarily driven by community hype, social media trends, and speculative trading. Their value is highly volatile and can react sharply to news, endorsements, or even unrelated market sentiment. The existence and success (in terms of market cap and trading volume) of tokens like TRUMP illustrate the extent to which cultural and political narratives can intersect with the decentralized world of crypto. How Did the Memecoin Developer Earn Such High Crypto Fees? The primary mechanism cited for the developer’s substantial earnings is through liquidity pool fees on decentralized exchanges (DEXs). Here’s a breakdown of how this works: Decentralized Exchanges (DEXs): Unlike centralized exchanges (like Coinbase or Binance), DEXs allow users to trade cryptocurrencies directly with each other without an intermediary holding their funds. Liquidity Pools: DEXs rely on liquidity pools, which are pools of two or more tokens locked in a smart contract. Users (liquidity providers) deposit pairs of tokens into these pools (e.g., TRUMP and ETH). Facilitating Trades: When someone wants to trade TRUMP for ETH on the DEX, they interact with the TRUMP/ETH liquidity pool. The trade is executed against the tokens available in the pool. Transaction Fees: DEXs charge a small fee for each trade that uses a liquidity pool. These fees are typically a percentage of the trade value (e.g., 0.3%). Fee Distribution: The transaction fees collected by the liquidity pool are distributed proportionally among the liquidity providers. In the case of the TRUMP memecoin developer , it’s reported they provided significant liquidity to the trading pools for their token on various DEXs. By supplying a large amount of TRUMP and the paired asset (like ETH or USDC) to these pools, they became major liquidity providers. As trading activity occurred, they earned a significant portion of the collected transaction fees. The Impact of Crypto Trading Volume on Developer Earnings The report specifically mentions a surge in crypto trading volume for TRUMP following news of a dinner event involving top holders. This highlights a critical point: developer earnings from liquidity pools are directly proportional to the trading volume. The higher the volume of trades going through the pools where the developer provides liquidity, the more fees they collect. Consider this simplified example: Scenario Daily Trading Volume DEX Fee Rate Total Daily Fees Generated Developer’s Liquidity Share Developer’s Daily Earnings Low Volume Day $1,000,000 0.3% $3,000 10% $300 High Volume Day (e.g., after news) $100,000,000 0.3% $300,000 50% $150,000 This table illustrates how a significant share of liquidity combined with high trading volume can lead to substantial daily, weekly, and ultimately, cumulative earnings like the reported $320M+ in crypto fees . Benefits and Opportunities (Primarily for the Developer) For the memecoin developer , the benefits are clear and substantial: Massive Income Stream: Earning hundreds of millions from transaction fees is an extraordinary financial outcome. Volume-Based Profit: Unlike holding the token and hoping its price goes up, earning fees from liquidity pools profits from *activity*, regardless of whether the price is rising or falling (though volume often increases during price swings). Leveraging Project Success: By creating a popular (or at least highly traded) token, the developer directly benefits from the ecosystem they built. Challenges and Risks (Primarily for Investors) While the developer benefits, the memecoin market, and specifically investing in tokens like TRUMP, comes with significant challenges and risks for participants: Extreme Volatility: Memecoin prices can plummet as quickly as they rise, often based on sentiment rather than fundamentals. Lack of Intrinsic Value: Many memecoins have no underlying technology, product, or use case beyond speculation. Liquidity Pool Risks: While providing liquidity can earn fees, it also carries risks like impermanent loss, where the value of your deposited assets changes unfavorably compared to simply holding them. Potential for Manipulation: High concentration of tokens or liquidity by developers or large holders can pose risks. Regulatory Uncertainty: The regulatory status of memecoins and even aspects of DeFi like liquidity provision is still evolving in many jurisdictions. Ethical Concerns: Profiting immensely from a highly speculative asset, particularly one tied to a political figure, raises ethical questions about leveraging public interest for personal gain. Actionable Insights for Navigating the Memecoin Space The story of the TRUMP memecoin developer’s earnings offers several lessons for anyone involved in or considering the crypto market, especially the memecoin segment: Understand the Mechanism: Recognize that developers can profit not just from holding tokens but also from the trading infrastructure (like earning liquidity pool fees ). Assess Trading Volume: High volume can indicate potential for fee generation but also points to intense speculation. Look Beyond Price: Analyze the tokenomics and distribution – who holds the tokens? Who provides the liquidity? This can reveal potential points of centralization or significant beneficiaries. Due Diligence is Crucial: Research the project, the team (if identifiable), and the underlying technology (or lack thereof). Don’t invest based purely on hype or social media trends. Manage Risk: Only invest what you can afford to lose. Memecoins are inherently high-risk assets. Be Skeptical of Hype: News like a dinner with holders driving volume should be seen as a red flag for speculative pumping rather than a signal of fundamental value. The fact that a memecoin developer could earn such substantial crypto fees underscores the unique financial dynamics at play in the decentralized world. It highlights how different participants can benefit from various layers of the ecosystem, from token creation to trading infrastructure. Summary: A Glimpse into Memecoin Economics The report of the TRUMP memecoin developer earning over $320 million in crypto fees serves as a striking example of the potential profitability derived from providing liquidity on decentralized exchanges, especially for tokens with high crypto trading volume . While the figure is extraordinary and likely tied to the unique political nature and resulting speculation around the TRUMP token, it illustrates the powerful fee-generating engine that liquidity pools can be for those with significant capital and a popular token. It’s a stark reminder that in the memecoin world, profits aren’t solely about price appreciation; they can also be deeply embedded in the very mechanisms that facilitate trading, offering a different perspective on how value flows within this highly speculative corner of the crypto market. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency price action.
The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front. A Kenyan court has ruled that the firm’s business is not legal , a day after Indonesian officials suspended its activities. The one-two regulatory blows have caused Worldcoin’s token value to plummet by more than 5% over the past 24 hours. Kenyan Court: Worldcoin Violated Data Protection Act Justice Aburili Roselyne of the Kenyan High Court made three orders against Worldcoin Foundation on May 5, 2025. The court held that the firm violated Kenya’s Data Protection Act of 2019 when it harvested iris and facial biometric information from citizens. Worldcoin is now ordered to erase all data within seven days. The ground had been giving Kenyans about 7,000 Kenyan shillings in cryptocurrency for their biometric information. This was picked up by the Katiba Institute, a Nairobi-based civil society, which lodged the court case. The consent was not legal since it was elicited through monetary incentives with Worldcoin’s cryptocurrency, said the court in its decision. The Data Protection Commissioner will monitor the process of erasure to confirm compliance. World coin Data Breach: Court orders World coin to delete data collected in Kenya Court says data was collected unlawfully Data commissioner will supervise the deletion of data #CitizenBriefs @jimkario pic.twitter.com/e4TLMumqOY — Citizen TV Kenya (@citizentvkenya) May 5, 2025 Indonesian Authorities Suspend Operations Indonesia’s Ministry of Communications and Digital (Komdigi) suspended Worldcoin’s registration in a further setback to the cryptocurrency venture. As per officials, the firm had been running business through unauthorized legal entities. It was discovered that PT Terang Bulan Abadi, an entity associated with Worldcoin , had been carrying on business in the absence of a valid Electronic System Operator Certificate. Another Indonesian partner, PT Sandina Abadi Nusantara, had allegedly practiced legal misrepresentation. Noncompliance with registration requirements and identity theft of another legal entity is a grave offense, Komdigi declared in its announcement. Market Reacts With Price Decline The WLD token value declined to $0.88 after it reached a 24-hour peak of $0.96, as reported by market data. The open interest in Worldcoin also decreased by over 5%, to $219 million. These numbers indicate investors are increasingly worried about the regulatory woes of the project. The timing is especially inopportune for Worldcoin, which had just made what some analysts termed a “bullish move” by launching WLD ID in the United States. Coinbase was also set to list the token. Government Actions Follow Public Concerns Both the government moves seem to be reactions to public outcry over Worldcoin’s practice of data collection. In Kenya, the government had earlier suspended the registration exercise after long queues showed up at public venues, creating security and privacy concerns. In Indonesia, Alexander Sabar, director general for digital oversight, appealed to citizens to report unregistered digital service providers. They invite the public to help maintain a safe and trusted digital space for all citizens, he said. The Worldcoin Foundation employs devices known as “Orbs” to scan individuals’ irises in return for cryptocurrency. Though the company frames this as a method for establishing digital identities, it has drawn privacy concerns and questions regarding consent as well as the safety of the biometric information being gathered. Featured image from Santa Clara University, chart from TradingView
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin approaches all-time highs as WinnerMining promotes cloud mining as a low-cost entry point for new investors. Table of Contents What is WinnerMining? How to start using WinnerMining? Advantages of WinnerMining About WinnerMining Bitcoin ( BTC ) continued its steady upward momentum over the weekend, holding key support levels and approaching important resistance levels. According to 24-hour trading data, the cryptocurrency maintained an upward trend of 1.42%, with the price reaching $95,275.85. Bitcoin has hit an important resistance level of $95,490.92 and has not lost its position. Investors expect it to continue to rise and set new highs. This reflects the increase in market capitalization and liquidity availability. Investors at WinnerMining noted that the current market conditions present a strong opportunity to invest in Bitcoin cloud mining , with the platform positioned as one of the most reliable options for generating returns. What is WinnerMining? WinnerMining is a smart platform that provides an opportunity where users can participate in cryptocurrency mining by remotely renting mining machines located in data centers. There is no need to buy hardware, build mining machines, or deal with noise, heat dissipation, electricity costs, etc. Instead, users can just rent computing power on the platform. How to start using WinnerMining? Visit the WinnerMining official website, click to register, and follow the prompts. Use the $15 given by the platform to purchase daily sign-in contracts and earn $0.6 per day. Additionally, when users find a contract they want to buy, they can click on the platform to recharge (minimum $100), and they can directly purchase the contract after the recharge is completed. After the purchase is completed, no other operations are required. Users will only have to wait for 24 hours and the proceeds will automatically be settled to their account the next day. Advantages of WinnerMining 1. Maintenance-free, no technical threshold: Users do not need to build a mining machine or have hardware knowledge. The platform is fully responsible for operation and maintenance. 2. Low threshold investment: Compared to buying a physical mining machine, users will only need to pay a small amount of money to rent computing power, which is suitable for any group of people. 3. Stable operation: The platform has its own renewable clean energy (wind, water, solar energy) to ensure high-efficiency operation. 4. Save electricity and space costs: Users will not need to bear high electricity bills, noise, and heat problems. This platform is especially suitable for urban users. 5. High flexibility: Users can choose different currencies for investment or withdrawal. About WinnerMining WinnerMining has established itself as a leader in cloud-based digital currency mining in a short span of time. This is because the platform has shown a strong focus on legal compliance, customer security, and environmentally sustainable mining practices. For more information about WinnerMining, visit the official website. Read more: Bitcoin mining can power the US, if regulators prioritize it | Opinion Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Husky Inu (HINU) inched closer to the $750,000 milestone despite the crypto market making a slow start to the week, with most cryptocurrencies trading in bearish territory. The crypto market cap is marginally down at $2.92 trillion as Bitcoin (BTC), Ethereum (ETH), and other altcoins lost momentum at key levels. Husky Inu’s pre-launch phase, which began on April 1, introduced several changes to token pricing, which increases every two days until the target is met or the tokens sell out. State Of The Market The crypto market has registered a marginal decline over the past 24 hours, falling to $2.92 trillion as BTC, ETH, and other altcoins fell below key levels. BTC lost momentum over the weekend after rising to an intraday high of $98,000 on Friday. As a result, BTC fell 0.98% on Saturday and 1.66% on Sunday, slipping below $95,000 and settling at $94,390. The flagship cryptocurrency has been marginally down over the past 24 hours, trading at $94,245. Meanwhile, ETH is down over 2%, slipping below $1,800 and trading at $1,765. Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Sui (SUI), Chainlink (LINK), Stellar (XLM), Litecoin (LTC), and Polkadot (DOT), also registered notable declines. Dogecoin (DOGE) Price Action Dogecoin (DOGE) registered a substantial increase on Thursday, rising nearly 5% to $0.180. The rally lost momentum on Friday, but DOGE registered a marginal increase and settled at $0.181. Price action turned bearish over the weekend as DOGE fell over 3% on Saturday and 2.62% on Sunday to settle at $0.170. The price experienced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline. The current session sees DOGE down nearly 3%, slipping below the 20 and 50-day SMAs and trading at $0.165. Shiba Inu (SHIB) Price Action Shiba Inu (SHIB) started the weekend in the red, registering a marginal decline on Friday and settling at $0.0000134. Bearish sentiment intensified on Saturday as the price fell nearly 4% to $0.0000129. SHIB continued to decline on Sunday, dropping over 2%, slipping below the 20 and 50-day SMAs and settling at $0.126. The price registered a marginal increase on Monday but finds itself back in the red during the ongoing session, with the price down nearly 2%, trading at $0.0000128. Husky Inu (HINU) Closes In On $750,000 Husky Inu’s pre-launch phase began on April 1, with the token price at $0.00015000. Since then, the token has registered several price increases, thanks to the introduction of a dynamic pricing system. The latest price increase has taken the token price to $0.00017175. The pre-launch phase has been a resounding success, allowing the project to raise $748,708. Surging interest in the project has seen investors continue to purchase the HINU token despite price increases. Visit the following links for more information on Husky Inu: Website: Husky Inu Official Website Twitter: Husky Inu Twitter Telegram: Husky Inu Telegram 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.
Emma Reynolds MP, the Economic Secretary to the Treasury of the United Kingdom, has disclosed that the U.K. will not follow the U.S. in establishing a strategic Bitcoin reserve. Reynolds made the disclosure during a fireside chat at the Financial Times Digital Asset Summit hosted in London. During the event, Reynolds stressed that stockpiling cryptocurrencies like Bitcoin is unsuitable for the U.K. market. Since President Donald Trump announced plans to establish a crypto reserve in the U.S., there have been debates about whether other nations will adopt the strategy. As previously reported , Japan dismissed the idea of holding Bitcoin as a treasury asset, noting that cryptocurrencies are not foreign currency reserves. The U.K. has followed suit, as it does not consider stockpiling assets like Bitcoin an appropriate strategy for its market. Close Relationship with the US on Digital Assets Regulation Even though the U.K. will not mirror the U.S. Bitcoin reserve model, Reynolds stressed the need for collaboration between the countries on crypto regulation. She highlighted key progress regarding this transatlantic cooperation. This includes the creation of a senior-level working group on digital assets and the meeting between U.S. Treasury Secretary Scott Bessent and the U.K.’s Chancellor of the Exchequer, Rachel Reeves. According to Reynolds, the regulatory forum will meet next month to discuss cooperation on digital assets. Per Reynolds, this cooperation is imperative given the remarkable shift in the United States’ stance on digital assets under Trump. Plans to Leverage DLT to Issue Sovereign Debts Meanwhile, the Economic Secretary to the U.K.’s Treasury also revealed ongoing plans to use distributed ledger technologies (DLTs) to issue sovereign debt. According to her, the procurement process has already commenced, and the government hopes to appoint a supplier by the end of the summer of 2025. UK Won’t Copy EU’s MiCA Framework Further, she disclosed that the U.K. is not considering copying the EU’s MiCA framework for digital assets. Instead, it aims to ensure digital assets operate within the United Kingdom’s existing financial services regulation. Reynolds suggested that existing financial regulations should also apply to digital assets since they carry the same risks. Meanwhile, Reynolds conceded that some aspects of cryptos, particularly Bitcoin's decentralized nature, are beyond governments’ regulatory ability. In her view, crypto's decentralized nature poses a major regulatory challenge; hence, the government can only do so much.
On May 6th, Michael Mo, the CEO of KULR, a prominent NYSE-listed corporation, revealed an expansion of his personal holdings in Bitcoin. He acquired an additional 42 coins, representing an
One of the wealthiest men in Mexico and the world has recommended exposure to Bitcoin over real estate, calling the latter an expense. Specifically, Ricardo Salinas Pliego, the fifth richest man in Mexico, gave first-hand expert investment advice on his X handle on Monday. In the post , he suggested that he finds buying Bitcoin, the largest cryptocurrency by market cap, a more astute venture over real estate.Real Estate Is Bad Investment: PliegoOwing to his affluence, the billionaire has had his fair share of investment ventures. Pliego founded Grupo Salinas, a conglomerate with its toes in media and telecommunications. He also runs the Grupo Elektra, a business he inherited from his family.Yet with his wealth of investment experience, Pliego finds Bitcoin a more rewarding acquisition than real estate. Interestingly, he called owning a house “expensive,” stressing that, contrary to popular opinion, it is not an investment.While the billionaire investor admires the concept of buying a property, he explicitly states that those who own them as investments are doing the wrong thing. He insisted that stacking Bitcoin was a more lucrative venture than real estate.Meanwhile, Pliego’s portfolio is a testament to his staunch belief in the nascent digital asset. In a recent disclosure , he revealed that he holds a staggering 70% of his wealth in Bitcoin and Bitcoin-related vehicles. With his net worth exceeding $5.8 billion, his stash of the premier asset would surely amount to a lot.Bitcoin vs. Real Estate DebateNotably, the real estate market has its lure as the go-to sector for legacy investments. While it offers stable and modest returns, Bitcoin has outperformed it outright in the last few years.For perspective, real estate returned 36.9% between 2017 and 2024, while Bitcoin appreciated nearly 2,000% in the same timeframe. Meanwhile, a recent report from JP Morgan highlighted that US housing prices could increase by a mere 3% in 2025. Furthermore, it highlighted a trend of dwindling demand as economic mishaps have driven interest from the market to more lucrative enterprises.However, Bitcoin’s demand is off the charts lately, as institutional and retail investors turn to the asset. With growing adoption, market observers have tipped the pioneering cryptocurrency to continue its northward drive.Moreover, Bitcoin’s low maintenance, minimal taxation, and digital features make it preferable to real estate, which is immobile and expensive to maintain.