Fed's May meeting could influence Bitcoin and altcoin volatility. Powell's tone will impact potential price directions. Continue Reading: Fed’s Decision Sparks Bitcoin Speculation The post Fed’s Decision Sparks Bitcoin Speculation appeared first on COINTURK NEWS .
The post Pi Network Hits 120 Million Downloads, Price Eyes $1 appeared first on Coinpedia Fintech News Pi Network has now been downloaded over 120 million times worldwide. In the last 30 days alone, it gained 1.3 million new users — a strong sign of growing global interest in decentralized finance. The project, started by Stanford PhDs, has over 55 million members and aims to create a fair and open financial system for everyone. #BREAKING Pi Network Surpasses 120 Million Downloads: A Global Movement Gaining Unstoppable Momentum In a world rapidly evolving toward decentralized finance and digital inclusion, one project stands out as a beacon of hope and innovation — Pi Network. As of today, Pi Network… pic.twitter.com/KKbbYdjiuf — Mr Spock 𝛑 (@MrSpockApe) May 5, 2025 In other news, Banxa has received K.Y.B (Know Your Business) approval to sell Pi Coin worldwide. This is a big deal, as it opens the door for global buying and selling of Pi. According to reports, Banxa had earlier purchased over $30 million worth of Pi, and now plans to sell it worldwide. Pi Coin Price Fails To React? However, the price of Pi Coin (PI) is currently under pressure. It has been stuck in a consolidation phase for around 40 days and is now trading just above $0.58. The coin needs to reclaim the $0.60–$0.62 range with strong volume to regain momentum. Technical indicators show weakness: the price is below its 10, 20, and 50-day moving averages, the RSI is near 40 (indicating weak buying interest), and the MACD shows no sign of a bullish reversal. Traders remain cautious while major token unlocks continue. Pi Coin launched at around $2 and quickly rose to $2.90. It was listed on five exchanges and even appeared in the top 11 on CoinMarketCap. But after that, the price dropped, falling as low as $0.40. Many began doubting the project, calling it useless. While the network’s growth is strong, the next few weeks will be crucial for the price direction of Pi. Still, for many in the Pi community, the long-term vision matters more than short-term price moves.
The altcoin landscape is seeing significant shifts, with XRP attracting steady investments while Solana experiences a rebound and Sui’s demand sharply declines. Crypto funds witnessed an influx of $2 billion
Ripple CEO Brad Garlinghouse announced late Monday that the company will end its quarterly XRP Markets Report updates after Q2 2025. The CEO wants Ripple Labs to improve its transparency following the end of a prolonged legal battle with the US Securities and Exchange Commission (SEC). Garlinghouse made the announcement via a post on social media platform X, in which he described the first quarter of 2025 as “incredible” for Ripple for the acquisition of institutional crypto firm Hidden Road, the conclusion of the SEC’s appeal, and a surge in global institutional interest in XRP-based exchange-traded products (ETPs). “Moving forward, the XRP Markets Report will look a little different,” Garlinghouse wrote. “Our commitment to transparency doesn’t change with this evolution.” SEC withdrew appeal, but Ripple case not fully resolved Ripple has been publishing quarterly reports since 2017 to provide insight into the company’s XRP holdings and market activity. However, Garlinghouse noted that this transparency was “unfortunately… used against us by the SEC and others,” referencing the commission’s past arguments that relied in part on Ripple’s own disclosures. Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP ETPs globally. Moving forward, the XRP Markets Report will look a little different. As some may remember, the objective of… https://t.co/0f9oarmi70 — Brad Garlinghouse (@bgarlinghouse) May 5, 2025 The SEC relinquished its challenge to a landmark July 2023 decision by US District Judge Analisa Torres. The judge had ruled that XRP sales by Ripple on public exchanges did not constitute securities transactions. Still, the court also delivered a partial win to the regulator, concluding that $728 million in XRP sold to institutional investors did fall under securities laws. Ripple was fined $125 million in August 2024, though the penalty remains suspended as Ripple appeals the ruling to the 2nd US Circuit Court of Appeals in Manhattan. Market reports go from formal to flexible In his social media post, Garlinghouse said future updates related to XRP markets and Ripple’s holdings will be distributed via Ripple’s website and social channels rather than consolidated into a formal quarterly report. The company will continue to publish holdings data on its website. One X user commented on Garlinghouse’s post, speculating that the shift might be a precursor to an initial public offering (IPO). “ Until then, I believe that if you collate it into quarterly reports and publish them to the Ripple website, it is more legitimate than social channels ,” the commenter said. “ Social media is rife with misinformation, and your posts could be used to manipulate the market .” Another user disagreed, suggesting that an IPO would lead Ripple to “lose operational control and be answerable to shareholders.” The original commenter responded, “ Yes IPO… they need funds for acquisitions, and they need the legitimacy being registered with the SEC will provide. It’s the next logical step. January 2026 .” Institutional demand for XRP grows Meanwhile, XRP ETPs recorded $37.7 million in net inflows during Q1 2025, pushing year-to-date inflows to $214 million, just $1 million short of surpassing Ethereum-based funds, according to market data. Trading activity in the spot market also remained high, with average daily volumes reaching $3.2 billion. Binance retained a dominant market share at 40%, followed by South Korea’s Upbit and US-based Coinbase. On-chain usage of the XRP Ledger, Ripple’s blockchain, moderated after experiencing strong growth in late 2024. Wallet creation and transaction volumes fell by 30–40%, much like the slowdown witnessed across Layer 1 blockchain networks during the same period. A significant portion of that activity was driven by RLUSD, Ripple’s stablecoin pegged to the US dollar. RLUSD surpassed a $90 million market cap during the quarter, with cumulative DEX trading volume exceeding $300 million. Per Coingecko data , at the time of this publication, XRP was changing hands at $2.11, a 2.8% downtick intraday and a 7% drop from its weekly highs. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
BlackRock's Bitcoin spot ETF, IBIT, has purchased over 26,000 Bitcoin in the past week, amounting to approximately $2.5 billion in inflows. This buying activity represents nearly two months' worth of new Bitcoin supply, while the supply available on exchanges continues to decline. On May 5 alone, IBIT acquired 5,640 Bitcoin valued at $531.2 million, marking the 15th consecutive day of inflows and bringing the total inflows over 15 days to $4.6 billion. The daily purchase rate by BlackRock's ETF has reached around $500 million, significantly exceeding the approximately 450 newly mined Bitcoins per day, indicating a potential supply squeeze in the market. 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
The CIO of the crypto asset management firm Bitwise says Bitcoin ( BTC ) is going through the next phase of its natural evolution. In a new Crypto Prime interview, Matt Hougan points out a key difference between the current Bitcoin bull market and the one witnessed in 2020. According to Hougan, the current market cycle is being driven by major institutions laying the groundwork for Bitcoin’s evolution into a trusted store of value. “The Bitcoin of today really is different than the Bitcoin of five years ago. That was a Bitcoin driven by retail investors and crypto-native investors. This is increasingly a Bitcoin driven by institutions, corporations, governments and macro hedge funds. And you’re seeing it behave differently. You’re seeing it behave more like a hedge asset. I think it’s maturing before our eyes. Bitcoin’s a teenager. It’s 15 years old. It’s in a transition phase from a risk asset to a hedge asset. But I think that’s the direction of travel. I think you’re going to see it act like that more and more in the future. And as it does, it’s going to bring more investors into it because it’s a really useful tool in the macro quiver.” At time of writing, Bitcoin is trading for $94,703. 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 Bitcoin Transitioning From Risk To Hedge Asset As Institutions and Governments Adopt BTC, Says Bitwise CIO appeared first on The Daily Hodl .
Florida has become the latest US state to abandon efforts to establish a strategic Bitcoin reserve, dealing another setback to the broader push for state-level crypto adoption. Two proposed bills — House Bill 487 and Senate Bill 550 — were officially withdrawn from the legislative process on May 3, according to the Florida Senate . The legislative session had adjourned a day earlier, on May 2, without taking action on the crypto-focused proposals. Florida Extends Session, But Crypto Bills Left Behind Though lawmakers agreed to extend the session until June 6 for budget negotiations, the crypto bills will not be reconsidered. HB 487, introduced in February, would have authorized Florida’s chief financial officer and the State Board of Administration to allocate up to 10% of select state funds into Bitcoin. SB 550, filed in parallel, aimed to facilitate similar investments of public funds into the digital asset. Their removal places Florida alongside a growing list of states — including Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Oklahoma — that have recently failed to pass legislation allowing Bitcoin-based investment strategies. The data comes from Bitcoin Laws, a site tracking crypto-related state policy efforts. During the recent Florida legislative session, lawmakers passed roughly 230 bills addressing a wide range of issues, from banning smartphones in schools to protecting state parks. However, cryptocurrency initiatives were noticeably absent from the final tally. Arizona has two more chances to be the first in the nation to establish a Bitcoin Reserve. The most likely to pass (HB 2749) was authored by @JeffWeninger , and it offers a budget neutral method to fund the reserve using profit from the unclaimed property fund. @EleanorTerrett pic.twitter.com/yGlrz2saql — Dennis Porter (@Dennis_Porter_) May 5, 2025 Florida’s move follows closely behind developments in Arizona, where a promising crypto initiative was also halted. Arizona’s House Bill 1025, which had advanced further than any other similar bill nationwide, was vetoed on May 3 by Governor Katie Hobbs. She called digital assets “untested investments,” effectively stopping the proposed Digital Assets Strategic Reserve Act in its tracks. Crypto Advocates Slam Politicians Over Bitcoin Veto The veto sparked backlash from crypto advocates, including investor Anthony Pompliano, who criticized political leaders for dismissing Bitcoin’s potential. Dennis Porter, CEO of the Satoshi Action Fund, pointed out that Arizona still has two remaining bills under consideration — HB 2749 and SB 1373 — that could revive the state’s efforts to become the first in the U.S. to create a Bitcoin reserve. HB 2749 is particularly notable for being budget-neutral, as it proposes using profits from the state’s unclaimed property fund. SB 1373, meanwhile, would allow the treasurer to invest up to 10% of state funds in digital assets, though it has not yet faced a final vote. As reported, the US Senate is also facing a sudden breakdown in negotiations over a landmark cryptocurrency bill, placing one of former President Donald Trump’s top financial policy priorities in jeopardy. The legislation, aimed at establishing the country’s first federal regulatory framework for stablecoins—digital assets pegged to the U.S. dollar—has hit a bipartisan snag, following pushback from key Senate Democrats. On Saturday, nine Democratic senators, including some who had previously backed the bill in committee, issued a joint statement rejecting a revised version of the legislation introduced by Republicans last week. The post Florida Latest to Drop Crypto Bills, Stalling State-Level Bitcoin Reserve Push appeared first on Cryptonews .
As crypto markets deepen into Q2 2025, the spotlight is turning toward assets showing not just price action, but structural strength. TRON (TRX) , Bitcoin (BTC) , XRP , and Ethereum (ETH) remain among the most closely tracked coins. But in the background, MAGACOINFINANCE is building serious momentum—quietly becoming a top candidate for early-stage upside this year. MAGACOINFINANCE – Strategic Growth With Sustained Momentum While leading coins grab the spotlight, MAGACOINFINANCE is gaining traction for its calculated rise. With a strong branding, and increasing investor engagement, this project isn’t reacting to trends—it’s establishing one. Community traction is growing across channels, and top analysts are beginning to recognize MAGACOINFINANCE as more than a passing opportunity. The 50% bonus offer (code: MAGA50X) is still live—providing an edge to those who act before listings go public. TRX and Bitcoin Are Holding Strong in the 2025 Rotation TRX is trading near $0.245 , maintaining long-term network reliability and steady ecosystem usage. While not always in headlines, TRON’s user base and DeFi integrations continue to expand, making it a stable presence among Layer-1s. Bitcoin (BTC) , currently hovering around $95,000 , remains the macro pillar of the crypto market. Following April’s ETF-driven growth and institutional accumulation, BTC continues to show strength. Analysts still maintain targets ranging between $120,000–$132,000 by mid-year, with many viewing it as both a hedge and a leader in capital inflows. XRP and Ethereum Continue to Anchor Market Confidence XRP , priced around $2.15 , is gaining new institutional credibility through futures ETFs and expanding real-world payment solutions. Traders are watching for a breakout above the $2.45 resistance mark, which could open the door to significant rallies through Q2. Ethereum (ETH) trades near $1,830 , sustaining strong fundamentals thanks to growing Layer-2 adoption, AI integration, and whale interest. It remains the core foundation for decentralized innovation, with analysts forecasting a potential climb above $2,700 in coming weeks. Final Thoughts Bitcoin , Ethereum , XRP , and TRX each present compelling stories backed by fundamentals and ecosystem leadership. But MAGACOINFINANCE is shaping a new narrative—one defined by timing, community strength, and early-stage positioning. For investors looking ahead, this could be the entry point they talk about in future cycles. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: What Ethereum, Bitcoin, and Solana Price Charts Reveal About May’s Crypto Narrative
Bitcoin dominance hits its highest level since 2021, challenging altcoin expectations. Current market signals are insufficient for clear investor guidance in cryptocurrency trends. Continue Reading: Bitcoin Surges to New Highs, Altcoin Season Remains Elusive The post Bitcoin Surges to New Highs, Altcoin Season Remains Elusive appeared first on COINTURK NEWS .
According to a recent X post by noted crypto analyst Titan of Crypto, Bitcoin (BTC) is fast approaching a golden cross formation – a bullish technical indicator that often precedes significant price appreciation. However, other analysts caution that a price correction could be on the horizon for the world’s largest digital asset. Bitcoin Inches Closer To Golden Cross Formation Bitcoin continues to trade within a narrow range between $92,000 and $98,000, offering limited directional cues for analysts. Still, some believe the flagship cryptocurrency may be gearing up for its next major move. In a recent post, Titan of Crypto shared a chart showing that BTC is not only on track to form a golden cross but may also see its Moving Average Convergence Divergence (MACD) indicator flip bullish – a dual signal last seen in October 2024. At that time, Bitcoin surged significantly, bolstered by the victory of pro-crypto US presidential candidate Donald Trump. To explain, a golden cross is a bullish technical indicator that occurs when a short-term moving average – typically the 50-day MA – crosses above a long-term moving average – usually the 200-day MA. It signals potential upward momentum and is often seen as a sign of a trend reversal or continued rally. Meanwhile, when the MACD turns bullish, it means the MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish. This suggests that buying pressure may be increasing and a price uptrend could be starting. Although BTC was recently rejected near the $98,000 level, crypto analysts, such as Rekt Capital, suggest this is expected behavior. For Bitcoin to break out to new all-time highs (ATH), it must first hold support at $93,500 and decisively break above $99,000. Should it clear this resistance, BTC could face another rejection at $104,500. However, successfully flipping the $99,000 level into support would likely pave the way for a new ATH . Not All Analysts Are Bullish Despite the growing optimism, not all market observers are convinced a breakout is imminent. Prominent crypto analyst Ali Martinez pointed out that the TD Sequential indicator is currently flashing a sell signal on the 3-day BTC chart – a potential sign of short-term weakness. Adding to the mixed outlook, BTC’s open interest in the futures market is now approaching historically high levels – a trend seen in previous bull markets that has typically led to price surge. At press time, BTC trades at $94,122, down 1.5% in the past 24 hours.