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
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
Introduction With Bitcoin consolidating near $105,498 and altcoin momentum shifting, smart traders from Bitcoin (BTC), XRP, and HBAR communities are reallocating into MAGACOIN FINANCE—a presale altcoin now rapidly approaching Stage 9.As major coins enter consolidation zones, MAGACOIN FINANCE is seeing accelerated demand, and analysts are calling this the last major entry window before listings open the door to price discovery. Why MAGACOIN FINANCE Is Seeing Pre-Listing Accumulation JOIN NOW — $0.007 LISTING IS COMING FAST! MAGACOIN FINANCE stands out as one of the few remaining presale tokens with both a clear structure and strategic upside. With a fixed listing target of $0.007 and Stage 8 nearly complete, traders are viewing this as the last clean shot at early-cycle positioning. Analysts are forecasting 35x–40x growth from current levels, driven by a capped 100 billion supply, scarcity-driven tokenomics, and a Hashex audit that boosts investor confidence.The project’s distinct political narrative and transparent rollout have made it a favorite among those seeking high-reward, early-stage entries. For Bitcoin, XRP, and HBAR holders looking for bigger risk/reward ratios, MAGACOIN FINANCE offers what the large caps can’t: entry-level positioning with real upside potential. Bitcoin Holds Steady as Investors Hunt for Altcoin Multipliers Bitcoin (BTC) is currently trading at $105,498, consolidating above $100,000 after a 13% rise in May. Prediction markets give a 38% probability of BTC reaching $110,000 by month’s end, with technical forecasts pointing to an average of $119,798 in May and a potential high of $136,239. While ETF flows remain consistent and long-term targets still range between $150,000 and $250,000, BTC’s short-term movement has flattened.As a result, many BTC holders are reallocating portions of their portfolios into high-upside altcoins like MAGACOIN FINANCE to balance stability with speculative opportunity. Bitcoin builds confidence—MAGA builds exponential potential. XRP’s Bullish Setup and Institutional Momentum XRP is trading at $2.43, up over 3% in the last 24 hours, with analysts forecasting a move to $2.85 by June and $5.50 by year-end if ETF approvals and adoption accelerate. Regulatory wins, ETF speculation, and a technical breakout above $2.40 have driven recent gains, while whale accumulation and institutional interest continue to rise.As XRP’s price stabilizes, many investors are rotating into early-stage tokens like MAGACOIN FINANCE to capture sharper upside as the bull cycle progresses. HBAR: Technical Uptrend and Accumulation Hedera (HBAR) is trading between $0.19 and $0.21, showing a bullish structure after completing a five-wave impulse from April lows. Analysts highlight a support zone between $0.139 and $0.170, with targets set at $0.213 to $0.229 in the short term.As HBAR maintains its uptrend, some holders are diversifying into MAGACOIN FINANCE, seeking faster upside before listings. CLICK HERE – ONLY 0.007 AWAY FROM LIFTOFF Conclusion MAGACOIN FINANCE is no longer a secret—and with Stage 9 approaching fast, traders from all sides of the market are taking positions. Bitcoin holders are rotating small stacks, XRP and HBAR communities are diversifying, and everyone is watching for the next breakout. Among all of them, MAGACOIN FINANCE stands out as one of the final early-stage plays with structured ROI, clear timing, and high-conviction sentiment.This may be the last low-level entry before listings go live—and those watching closely are already making their move. To learn more about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Twitter: https://x.com/magacoinfinance Continue Reading: 500x Incoming? XRP, Bitcoin, and MAGACOIN FINANCE Are Flashing Signals Before Stage 9 Opens
Coinbase saw its stock dip on its big day in the S&P 500. It closed at about $263, down from its high. Then came news of a US Justice Department probe into how hackers stole customer data. It’s a sudden turn for the exchange that just replaced Discover Financial Services on the index. Investigation Underway At DOJ According to a Bloomberg report , the Justice Department’s criminal division in Washington opened an inquiry into the breach. Investigators want to know how rogue support staff overseas were paid off. They’ll look at the path from initial contact to data theft. Based on reports, the cyberattack relied on bribing customer service agents. Those insiders then gave criminals the info they needed. The company says no financial accounts were touched. But personal details did end up in the wrong hands. DOJ probes Coinbase cyberattack involving $20M extortion attempt The U.S. Department of Justice (DOJ), including its criminal division in Washington, is investigating a cyberattack on @coinbase Exchange in which hackers attempted to extort $20 million to prevent the release of… — CoinNess Global (@CoinnessGL) May 19, 2025 Reward Offered To Find Exploiters Coinbase put up a $20 million reward. That matches the amount hackers demanded in blackmail. Users affected by the breach will get full reimbursements, the exchange promised. It’s one way to keep people from pulling out their coins. Lawyers have filed as many as six lawsuits over the compromised data. That includes top execs like Roelof Botha from Sequoia Capital. Even crypto millionaires are hiring bodyguards after their info leaked. Rival platforms Binance and Kraken saw similar insider attacks. Stock Debut Marred By Regulatory Clouds It wasn’t all bad news on listing day. Coinbase became the first crypto firm on the S&P 500. Yet the celebration was muted. The stock first tumbled on May 15 when whispers of the breach hit. It only recovered back to $263 by last Friday. Coinbase’s Chief Legal Officer Paul Grewal says they’re working with the SEC, though he doubts the probe should drag on. The agency is still looking into past user‑number disclosures that might have misled investors. Now the DOJ is stepping in over the hack itself. What Comes Next For Customers And Investors Folks watching Coinbase will want updates on both fronts. Any criminal charges could bring fines or jail time for those involved. Civil suits could cost the exchange more money. And investor faith may wobble if the story drags on. Coinbase has moved fast to plug its holes. It says new security steps are in place. But with law firms circling and regulators digging deeper, the next few weeks will be critical. Featured image from Vecteezy, chart from TradingView
Nvidia CEO Jensen Huang shared a bold vision of the future this week, envisioning data centers turning into collaborative "AI factories."
There has been a steady increase in the USDT stablecoin on Tron in recent weeks. For the first time since November 2024, Tron has more USDT than Ethereum. The increased supply of USDT on TRON is positive for its DeFi ecosystem. In other news, the recent price rally of Dogecoin appears to have hit a roadblock. With DOGE not looking as bullish, investors have turned to Unilabs , the world’s first AI-backed DeFi asset manager with over $30 million in Assets Under Management (AUM). Here are some reasons why Unilabs is making waves in the crypto world. Unilabs Launches to Massive Demand From Crypto Investors An increasing number of people are getting involved in the crypto market, but there aren’t many tools that help them make money. Unilabs has identified this problem and has introduced a novel solution. Unilabs is leading the next phase of the DeFi market by launching the world’s first AI-based DeFi asset management system. This decentralized hedge fund manager is powered by artificial intelligence and machine learning. It uses this advanced technology to provide its users with a list of the most promising crypto projects. Users of Unilabs get automated support to maximize the profits they can make on their investments. Unilabs enables them to earn profits through various automation and does not require them to manage rebalancing. The profits from these funds are automatically shared among users over the blockchain for transparency. With an AUM of more than $30 million, Unilabs is leading the way in adopting AI for trading and investing which makes markets more reliable, predictable and lets it execute actions automatically through multiple DeFi platforms. Because Unilabs gives users crypto traders a sure way to earn profits, it has been greeted with huge demand in its cryptocurrency ICO. More than $612,000 has been raised by the project thus far. The $UNIL token is ranked among the best cryptos to buy because it has an attractive staking reward, with an estimated APY of up to 122%. Tron Surpasses Ethereum in USDT Supply Tron has a new milestone as more USDT tokens are now being held on its network than on Ethereum’s. Tron presently holds $73.7 billion or just under 50%, of USDT, compared to $71.97 billion for Ethereum. Justin Sun has recognized the Tron community’s achievement and looks forward to reaching $75 billion. A number of elements have led to Tron’s success in the USDT market. People who need to make many transactions such as in remittances and micro-transactions, find it attractive due to its low gas fees. Since people are using Tron more, there is a rising demand for USDT on the network. In addition, Tron is helping develop an effective environment for decentralized applications (dApps) in the DeFi space. Even though Ethereum has plenty of the best DeFi projects and the highest TVL, Tron is quickly drawing attention with its high efficacy and low-cost system. As usual, the Tron price continues its slow movement. While most of the top 10 altcoins are up double digits on the monthly timeframe, TRX has gained only 8.8%. As a result, the Tron price now trades around $0.263. Dogecoin Price As Memecoin Enthusiasm Cools Off Early in this month, the Dogecoin price exploded from as low as $0.16 to reach $0.25. However, DOGE appears to have hit a resistance and $0.25. Since then, the memecoin has dropped to the $0.21 price range. The price drop comes as the enthusiasm regarding memecoin appears to be waning. Technical analysts, on the other hand, discovered a descending wedge and a bullish flag. This means that if DOGE breaks through its key resistance points, its value is likely to increase. Analyst Ali Martinez reported that the price movement for DOGE is forming a declining wedge which is generally considered a bullish sign. A 15% Dogecoin price increase will confirm this prediction. Why Investors Are Pivoting Towards Unilabs More investors have been pivoting to Unilabs instead of Dogecoin because of its utility and profitability. If Unilabs can add just 0.1% of traditional hedge fund capital into its protocol, the $UNIL token could explode this year. When added to the profitability in staking, it’s easy to see why $UNIL is one of the best cryptos to buy now. Find out more about the Unilabs (UNIL) Presale Today: Website: https://unilabs.finance/ Telegram: https://t.me/unilabsofficial Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Key Takeaways: Lawmakers questioned SEC Chair Paul Atkins over the agency’s decision to pause its case against crypto figure Justin Sun and his involvement with a Trump-associated meme coin. The inquiry came during a congressional hearing focused on federal oversight and funding, with concerns raised about possible conflicts of interest. Atkins confirmed the SEC’s case against Sun is still active but gave limited information. U.S. Securities and Exchange Commission Chair Paul Atkins faced scrutiny from lawmakers on Tuesday over the agency’s stance on a Trump-linked meme coin and its handling of the fraud case involving crypto entrepreneur Justin Sun. The questions came during a House Appropriations Committee hearing on May 20, which focused on funding and oversight of federal agencies, including the SEC. SEC Chair Pressed During Congressional Hearing Rep. Glenn Ivey, a Democrat from Maryland, raised concerns about the SEC’s decision to pause its case against Sun and whether his recent connection to a meme coin tied to former President Donald Trump could present conflicts. He pointed to Tron’s $30 million token purchase from World Liberty Financial, a crypto firm that claims inspiration from Trump. “This, frankly to me, smells very bad,” Ivey said during the hearing. “My hope would be that the SEC would be investigating that piece.” Atkins, who has been in the role less than a month, responded that the case against Sun remains “active.” He confirmed that the SEC had not dropped it, but offered no further details. Atkins also reiterated that, under current policy, meme coins are not considered securities. However, Sun has openly acknowledged his support for Trump’s digital asset, posting on X that he is among the top 220 holders of the token and will attend a gala dinner hosted for top supporters. “Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!” he wrote on Tuesday. Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! As the top holder of $TRUMP , I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. https://t.co/FYb39LTwDz — H.E. Justin Sun (@justinsuntron) May 20, 2025 The appearance marked one of Atkins’ first public oversight hearings since being sworn in on April 22 . Nominated by Trump and seen as a regulatory counterweight to former Chair Gary Gensler, Atkins is expected to steer the SEC in a new direction when it comes to digital assets. Under Gensler, the agency took a tough stance on crypto, pursuing enforcement actions against several major players. Some of those cases were later withdrawn. Atkins has indicated a shift away from regulation-by-enforcement, promising more structured rulemaking for the industry. In his prepared testimony, Atkins said, “A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.” The SEC’s evolving stance comes as political and financial interests increasingly intersect with the crypto space. With ties between high-profile figures and meme coins now under the microscope, the agency’s next steps could shape the regulatory environment ahead of the 2024 election. SEC’s Crypto Task Force Moves Closer to Guidance as Stablecoin Bill Advances in Senate In the wake of heated questions over Trump-themed meme coins and ties to Justin Sun, SEC Chair Paul Atkins reaffirmed his commitment to making crypto regulation a “key priority” during his tenure. Speaking during a congressional oversight hearing, Atkins declined to disclose how much of the agency’s resources are allocated to the SEC’s new Crypto Task Force , led by Commissioner Hester Peirce, stating its findings are still “under development.” Referring to the task force’s first report, he said, “We should be having something here in the next few months with proposed steps forward.” The Senate advanced the GENIUS Act with a 66-32 bipartisan vote on Monday, marking a big step toward establishing federal regulation for stablecoins and digital currency oversight. #GENIUSAct #Stablecoins https://t.co/JmoPuWjKdf — Cryptonews.com (@cryptonews) May 20, 2025 The comments came just as the Senate advanced the GENIUS Act , a bill seeking to establish a regulatory framework for stablecoins, showing how legislative efforts may soon shape the SEC’s direction. Meanwhile, Peirce, dubbed “Crypto Mom,” shared early insights at the SEC Speaks event , arguing that most NFTs, especially those providing ongoing creator royalties, don’t meet the definition of securities. Still, without an official stance from the SEC, uncertainty remains. With a DeFi roundtable set for June 9, all eyes are on the task force’s upcoming report—and whether it indicates a clearer path forward. The post SEC Chair Grilled Over Trump Meme Coin and Justin Sun’s $75M Ties – Is Crypto Regulation About to Shift? appeared first on Cryptonews .
Today's cryptocurrency onchain data revealed that massive whales are making interesting transactions in some altcoins. The first of today’s whales spent $2 million worth of USDC stablecoins to buy 4.04 million Jupiter (JUP) tokens at an average price of $0.49. The token’s price, which rose above $0.50 during the day, is trading around the whale’s purchase level at the time of writing. Meanwhile, another crypto whale unstaking 207,578 SOL coins worth $34.93 million. The whale, which has not shown any signs of activity for three months, has made a total profit of $1.27 million. The whale wallet has withdrawn 263,341 SOL from Binance in the last ten months and staked them. The amount he earned from staking rewards was recorded as 13,000 SOL. Related News: Analyst Warns: “Bitcoin's Record High Has No Meaning, Focus on This Level Instead” Interesting whale activity was also observed on the Official Trump (TRUMP) side, the official memecoin of US President Donald Trump. According to the data, a newly created cryptocurrency wallet withdrew 203,230 TRUMP tokens worth $2.62 million via Binance. Interestingly, this withdrawal came after registrations for the dinner that TRUMP will host with major token holders closed. It seems that this whale is not interested in having dinner with TRUMP. Finally, onchain data revealed that a crypto whale sold two altcoins and bought another. According to the data, the whale wallet sold $1.41 million worth of ETH and AERO and bought 1.85 million KTA. The whale wallet currently has $2.06 million in assets. *This is not investment advice. Continue Reading: Attention: What the Big Altcoin Whales Have Been Doing in the Last 24 Hours Has Been Revealed – Here Are the Tokens They Are Interested In