Corporate adoption of Bitcoin has surged this year, with notable increases in holdings predominantly led by investment firms, according to recent data from River. This surge indicates a significant shift
The post Truth Social Has No Plans for a Meme Coin Launch appeared first on Coinpedia Fintech News Rumors have been spreading fast in the crypto space, claiming that Truth Social , the social media platform backed by Donald Trump , is preparing to launch a meme coin. After careful verification and review of original sources, we can confirm — these rumors are completely false . Where Did the Meme Coin Rumor Start? The speculation began when Ran Neuner , founder of Crypto Banter , posted on X that a Truth Social meme coin could be launching within 72 hours. He compared it to the already existing “TRUMP” meme coin on the Solana network, triggering widespread discussion about a potential Trump-led crypto push. This claim rapidly gained attention across social media platforms, amplified by users and communities eager for new meme coin opportunities. Influencers React, But Denials Follow Crypto influencer Wendy O responded to the speculation by calling the idea “silly,” suggesting that if Truth Social wanted to support a coin, it could simply stick with the existing TRUMP token. Shortly after the rumor picked up steam, it was debunked by both Donald Trump and the World Liberty Financial (WLFI) project, which is officially backed by the Trump family. WLFI and Trump Set the Record Straight WLFI issued a firm denial on X, stating: “There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trumps. Anyone else pushing fake tokens is just a scammer trying to take advantage of people.” — Source: World Liberty Financial on X Donald Trump also issued a statement confirming that there is no truth whatsoever to the meme coin claims. He warned users to be cautious about fake information circulating online. What’s Real and What’s Not? Here’s what is actually verified: Truth Social is owned by Trump Media & Technology Group (TMTG) and is listed on Nasdaq. Earlier this year, Trump launched two meme coins: TRUMP and MELANIA , both of which have declined in value. WLFI is the only officially Trump-backed crypto project. There is no new Truth Social meme coin being launched. This viral meme coin rumor is baseless and has been publicly denied by all credible parties involved. It serves as a reminder of how quickly misinformation can spread in crypto, often creating opportunities for scammers to take advantage of public hype.
Corporations and businesses are the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds and retail investors, according to new research. Firms such as Michael Saylor’s Strategy have bought more Bitcoin ( BTC ) this year than any other category of investor, with overall corporate holdings growth totalling 157,000 BTC, worth around $16 billion at current prices, according to Bitcoin investment firm River. Strategy makes up 77% of the group's growth, the firm reported on X on May 12, before adding that it's not just big companies. “We’re seeing businesses across all industries sign up to River. They’re aligned with Bitcoin and how it can change their future,” the firm noted. The next largest category after corporations was ETFs, which have grown their net Bitcoin by 49,000 BTC, or $5 billion worth, reported River. Following that were governments with around 19,000 BTC in growth, and retail traders or individuals had seen a decline of 247,000 in Bitcoin holdings this year, it reported. Change in BTC ownership in 2025. Source: River Overall, there has been a 154% growth in business ownership since 2024, the firm stated, breaking things down by business category for its own clients. It revealed that finance and investment firms are the largest buyers of the asset, with 35.7% of the total, followed by tech firms on 16.8%, professional and consulting companies accounted for 16.5%, and the remainder were real estate, non-profits, consumer and industrial, healthcare, and energy, agriculture, and transportation firms. Related: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg There have been several large corporate purchases recently, with Strategy scooping up a whopping 13,390 Bitcoin for $1.34 billion and Metaplanet adding a further 1,241 BTC to its treasury, which surpassed that of El Salvador on May 12. Newcomers to the Bitcoin market in 2025 include video streaming platform Rumble, which made its first purchase in March, Hong Kong construction firm Ming Shing, and Hong Kong investment firm HK Asia Holdings Limited. At least twelve public companies bought Bitcoin for the first time in Q1 2025, reported Bitwise in April. The firm added that the amount of Bitcoin held on the books of publicly traded companies rose by 16% for the period, with more than 95,000 Bitcoin added to corporate portfolios for the period. Is Bitcoin becoming deflationary? These big corporate purchases of the asset will put pressure on the supply and demand since supply is finite, and miners can only produce 450 coins per day, say analysts. CryptoQuant CEO and market analyst Ki Young Ju said Strategy is accumulating Bitcoin at a faster rate than total miner output, giving the asset a -2.3% annual deflation rate. Meanwhile, author Adam Livingston recently said that Strategy is synthetically halving Bitcoin by outpacing miner supply through high demand. Magazine: Bitcoin eyes ‘crazy numbers,’ JD Vance set for Bitcoin talk: Hodler’s Digest
Japanese investment firm Metaplanet has added to its Bitcoin reserve with a fresh purchase worth $126.7 million on May 12. The latest move brings the company’s total Bitcoin holdings to 6,796 BTC. Details From The Latest Buy The development was shared by CEO Simon Gerovich on X. He revealed that the firm has bought 1,271 BTC at a price of $102,119 per coin. In total, Metaplanet has spent around $608.2 million on Bitcoin so far, with an average cost of $89,492 per coin. The company measures its progress using BTC Yield, a key metric that shows the percentage increase in Bitcoin held per fully diluted share. Between January and April 2025, Metaplanet has already hit a 170.0% BTC Yield year-to-date. The Tokyo-listed firm’s accumulation strategy has picked up speed in recent months. Just days before the latest buy, it had purchased 555 BTC on May 7. In April, it made four separate buys, adding up to 18,586 BTC. March was even busier, with six Bitcoin purchases totaling 18,925 BTC. Notably, each was larger than the one before. To fund its Bitcoin strategy, Metaplanet has relied on bond issuance and stock acquisition rights. Its most recent fundraising effort, the 13th Series of Ordinary Bonds, secured $25 million on May 7. With 6,796 BTC now in its reserves, the outfit is 68% of the way toward its 2025 goal of 10,000 BTC. Its broader ambition is to accumulate 21,000 BTC, equivalent to about 0.1 percent of the flagship cryptocurrency’s total supply. Following the latest announcement, Google Finance data shows that the company’s shares rose by 4.96% in the last 24 hours, and is trading at ¥550.00. Metaplanet’s Performance Metaplanet’s aggressive Bitcoin accumulation has led to frequent comparisons with Strategy. Blockstream CEO Adam Back has argued that the company’s approach is even outperforming its rival’s. In a May 10 X post , Back referenced a metric called “months to modified NAV cover,” which tracks how quickly Bitcoin gains can offset a company’s net asset value. According to him, Metaplanet achieved a two times return on its Bitcoin position in just three months, while it took Strategy 19 months to reach similar results. He also noted that the former’s modified NAV is increasing 3.8 times faster. Based on this growth, the CEO suggested the firm’s share price could rise from 533 yen to 1,340 yen. Meanwhile, CEO Simon Gerovich recently pointed out that the company now holds more Bitcoin than El Salvador. In a post on X, he remarked: “From humble beginnings to rivaling nation-states, we’re just getting started.” El Salvador currently ranks as the sixth-largest nation-state holder of the cryptocurrency, with 6,714 BTC valued at around $642 million. The post Metaplanet Boosts BTC Holdings with $126.7M Purchase appeared first on CryptoPotato .
A federal court tossed a proposed class action accusing Caitlyn Jenner of crypto fraud, but left the door open for an amended complaint.
Ethereum (ETH) has surged over 40% in the past two weeks, trading in the mid-$2,000 range at the time of writing. Notably, several key indicators suggest that the ongoing ETH rally is being driven more by spot market demand than leveraged trading – an encouraging sign of a potentially sustainable bull run. Ethereum Rally Driven By Spot Demand After lagging behind other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for much of the past year, ETH is now showing signs of an organic uptrend. According to CryptoQuant analyst ShayanMarkets, the current momentum appears to be primarily spot-driven, rather than fueled by speculative futures trading. Related Reading: Ethereum Stuck Between Retail Sell-Off And Whale Accumulation, Analyst Explains In a recent CryptoQuant Quicktake post, ShayanMarkets highlighted that ETH funding rates have remained ‘relatively flat’ despite the price surge. This is significant because funding rates are typically a reflection of sentiment in the perpetual futures market. To explain, funding rates are periodic payments exchanged between traders in perpetual futures contracts to keep the contract price aligned with the spot price of the asset. Positive funding rates indicate that long positions are paying shorts, typically signaling bullish market sentiment, while negative rates suggest bearish sentiment. In Ethereum’s case, flat funding rates during this recent rally indicate that the upward price action is being powered by genuine buying in the spot market, not speculative leverage. This makes the uptrend less prone to sudden reversals triggered by mass liquidations. As ShayanMarkets noted: Still, for the bullish momentum to be sustained and validated, funding rates should begin to rise, reflecting increased confidence and more aggressive positioning by futures traders. Meanwhile, other analysts predict further upside for ETH. For instance, noted crypto analyst Ali Martinez recently remarked that if ETH can decisively break through the $2,380 resistance level, then it could enter a new bull rally. In his latest X post, Martinez emphasized that ETH’s new critical support range lies between $2,060 and $2,420. The analyst noted that close to 10 million wallets hold more than 69 million ETH between these levels. New ETH ATH On The Horizon? Although Ethereum remains well below its all-time high (ATH) of $4,878 reached in November 2021, many market watchers believe a new ATH for the second-largest cryptocurrency by market cap could be on the horizon. Related Reading: Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent? In the same vein, crypto analyst Titan of Crypto recently noted that ETH is following a V-shape recovery. The analyst shared the following weekly chart that compares BTC and ETH price action, predicting that ETH is likely to follow BTC’s trajectory. Meanwhile, analyst Ted Pillows outlined five bullish factors that could push ETH to $12,000 in 2025 – including favorable regulatory developments and strong inflows into spot exchange-traded funds (ETF). At press time, ETH trades at $2,555, up 3% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant, X, and TradingView.com
Crypto investment products continued to attract capital for the fourth consecutive week, according to the latest weekly report from CoinShares, a European-based asset manager focused on digital assets. The data revealed that inflows totaled $882 million globally last week, bringing year-to-date figures to $6.7 billion—just shy of the previous peak of $7.3 billion recorded in early February 2025. Bitcoin Leads Inflows; Sui Overtakes Solana Bitcoin remains the dominant choice for investors , attracting $867 million in inflows last week alone. US-listed Bitcoin ETFs crossed a new milestone with cumulative net inflows of $62.9 billion since their debut in January 2024. This surpasses the previous high of $61.6 billion from earlier this year, reinforcing the role of institutional vehicles in driving Bitcoin demand. In contrast, Ethereum’s performance was relatively subdued despite recent price appreciation. ETH products recorded only $1.5 million in inflows for the week, a marginal figure compared to Bitcoin. Meanwhile, alternative layer-1 protocol Sui saw an influx of $11.7 million, pushing its year-to-date total to $84 million, eclipsing Solana’s $76 million. Notably, Solana saw $3.4 million in outflows over the same period, suggesting a rotation of capital into newer blockchain networks. The ongoing rise in capital allocations comes amid a backdrop of rising macroeconomic uncertainty. CoinShares’ Head of Research, James Butterfill, attributes the surge in digital asset inflows to several converging factors. These include a global increase in M2 money supply, concerns over stagflation in the United States, and recent policy moves by US states recognizing Bitcoin as a strategic reserve asset. The combination of these developments appears to be reinforcing institutional interest in crypto exposure. Regional Breakdown and Broader Trends Regionally, the United States led all markets with $840 million in inflows, followed by Germany with $44.5 million and Australia with $10.2 million. Canada and Hong Kong, by contrast, posted modest outflows of $8 million and $4.3 million, respectively. The geographical divergence may reflect varying levels of investor sentiment, regulatory clarity, and institutional product availability across jurisdictions. The CoinShares report also hinted at the rising role of macroeconomic drivers in crypto investment strategies. The report noted that institutional investors are increasingly treating digital assets as a hedge against fiat depreciation and economic volatility. This view is being reinforced by developments like state-level legislation in the US acknowledging Bitcoin as a reserve asset and the broader uptick in fiat liquidity. While Bitcoin continues to dominate flows , the performance of newer assets such as Sui highlights growing interest in blockchain infrastructure alternatives. If this trend persists, fund managers may increasingly diversify beyond the traditional top two digital assets in their product offerings and investor outreach strategies. Featured image created with DALL-E, Chart from TradingView
Hayden Adams, the creator of the decentralized finance platform Uniswap, announced on social media that Uniswap has become the first decentralized exchange (DEX) to reach $3 trillion in trading volume. In his post, Adams expressed confidence that Uniswap will also be the first DEX to achieve $10 trillion in volume. He expressed gratitude to the
According to recent reports from COINOTAG dated May 13th, significant actions in the crypto market have been observed. Whale trader 0x5b5d has utilized an impressive 50.5 million USDC with a
Ethereum price extended its increase above the $2,500 zone. ETH is now correcting gains and might revisit the $2,350 support zone. Ethereum started a downside correction from the $2,600 resistance. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could find bids near $2,350 and start a fresh increase in the near term. Ethereum Price Aims Fresh Increase Ethereum price remained supported and started a fresh increase above $2,350, beating Bitcoin . ETH gained pace for a move above the $2,400 resistance zone. The bulls were able to push the price above the $2,550 resistance zone. The price gained over 35% and recently tested the $2,600 resistance zone. A high was formed at $2,624 and the price is now correcting gains. There was a minor decline below the 50% Fib retracement level of the upward move from the $2,272 swing low to the $2,624 high. There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD. However, the bulls are still active above $2,400. Ethereum price is now trading above $2,400 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,500 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,620 level. A clear move above the $2,620 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,780 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,350 zone and the 76.4% Fib retracement level of the upward move from the $2,272 swing low to the $2,624 high. A clear move below the $2,350 support might push the price toward the $2,275 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,500