On May 6th, 2023, COINOTAG reported significant developments in the legislative landscape for cryptocurrency in the United States. Two pivotal bills in Florida, known as House Bill 487 and Senate
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While
The recent withdrawal of two crucial crypto bills in Florida marks a significant setback for state-level Bitcoin investment initiatives. The decision reflects ongoing challenges states face as they navigate the
Two Florida crypto bills have been removed from the legislative process in the latest blow to American state-level strategic Bitcoin reserve ambitions. Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” on May 3, according to the Florida Senate. Florida’s legislative session adjourned on May 2 without the passage of these two bills, which would have advanced legislation to establish a crypto reserve for the state. The Senate and House agreed to extend the session until June 6 to address budget plans. Lawmakers passed about 230 bills during the session, dealing with things like prohibiting putting fluoride in the water, protecting state parks, and a school smartphone ban, but diversifying state treasury portfolios was not among them. State strategic Bitcoin reserve legislation race. Source: Bitcoin Laws HB 487 , which was introduced in February, would have allowed Florida’s chief financial officer and the State Board of Administration to invest up to 10% of certain state funds into Bitcoin ( BTC ). SB 550 was also filed in February to enable investments of public funds in Bitcoin. Related: Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves Florida has now dropped out of the race to pass state-level crypto investment legislation, along with Wyoming, South Dakota, North Dakota, Pennsylvania, Montana and Oklahoma, which have all seen Bitcoin bills fail to pass House or Senate votes, according to Bitcoin Laws. Arizona has two more chances It came just days after Arizona advanced its strategic Bitcoin reserve legislation further than any other state, until House Bill 1025 was vetoed by Governor Katie Hobbs, who labelled digital assets “untested investments” on May 3. The Digital Assets Strategic Reserve bill would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials. The move drew the ire of crypto advocates and Bitcoiners, including entrepreneur Anthony Pompliano, who said: “Imagine the ignorance of a politician to believe they can make investment decisions.” “Arizona has two more chances to be the first in the nation to establish a Bitcoin reserve,” said Satoshi Action Fund founder Dennis Porter on May 5, citing an article from Fox’s Eleanor Terrett. He added that the most likely to pass is HB 2749, which offers a budget-neutral method to fund the reserve using profit from the unclaimed property fund. Source: Dennis Porter There is also a related bill, SB 1373, which would authorize the state treasurer to allocate up to 10% of Arizona state funds into digital assets. It has yet to reach a final vote. Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest
As May 2025 approaches, the spotlight intensifies on a handful of standout cryptocurrencies. Market giants like XRP , Ethereum (ETH) , TRON (TRX) , and Bitcoin (BTC) are showing strength, but a fast-moving altcoin, MAGACOINFINANCE , is becoming harder to ignore. With growing attention from early-stage investors, the question is now being asked: which asset will define 2025’s biggest breakout? MAGACOINFINANCE – The Breakout Project Gaining Real Momentum MAGACOINFINANCE isn’t just appearing in headlines—it’s becoming the conversation. With soaring community numbers, and rising influencer support, this altcoin is evolving into one of 2025’s top discovery-phase plays. While others have peaked, MAGACOINFINANCE is still early. It’s backed by a high-engagement user base, clear branding, and a smart rollout strategy. Analysts and traders alike are watching closely, noting its high upside positioning as the listing price of $0.007 looms. Special Offer: Use promo code MAGA50X during pre-sale checkout to receive a 50% bonus —a rare opportunity to scale allocation before broader market exposure. XRP: Positioned for an Institutional Breakout Current Price: $2.24 2025 Forecast: $3.10 – $5.81 XRP’s institutional interest is climbing rapidly, driven by the possibility of U.S. ETF approvals and expanding use in cross-border transactions. Legal clarity and strategic partnerships position XRP as a frontrunner in regulated digital finance. Ethereum (ETH): Scaling with Network Upgrades Current Price: $1,729 2025 Forecast: $3,174 average, up to $10,000 Ethereum continues to dominate as the foundation of decentralized applications. Its ongoing network upgrades and staking model have brought new scalability and efficiency, setting the stage for institutional inflows via potential spot ETH ETFs. Bitcoin (BTC): Leading the Market with Renewed Strength Current Price: ~$95,000 2025 Forecast: Targets suggest a move to $132,000 by mid-year Bitcoin remains the macro anchor of the crypto market. Following a 14.5% rise in April , analysts project continued momentum as ETF inflows, institutional demand, and increasing scarcity drive long-term value. TRON (TRX): Advancing Utility in DeFi Current Price: $0.2457 2025 Forecast: $0.259 by mid-year TRON is steadily advancing with gas-free transactions, making it a reliable player in decentralized finance and payments—particularly in emerging markets. Its consistent transaction volume keeps it relevant in a rapidly evolving space. Final Thoughts XRP, Ethereum, TRON, and Bitcoin represent strong foundations and long-term utility. But MAGACOINFINANCE offers something different—early-stage momentum, structured execution, and untapped potential. For those looking to diversify into the next big altcoin, the window may not stay open long. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum, XRP, and Solana Form a Bullish Triangle — Will the Breakout Come This Week?
The resurgence of Dogecoin (DOGE) buyers signals a potential shift in market dynamics as confidence in the memecoin begins to rekindle. Despite a recent decline of 4.24%, trading volumes and
XRP price started a downside correction below the $2.20 zone. The price is now declining and might extend losses toward the $2.020 level. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2.1750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.20 resistance. XRP Price Dips Further XRP price failed to continue higher above $2.25 and started a downside correction, like Bitcoin and Ethereum . The price declined below the $2.20 and $2.180 support levels. The bears even pushed the price below the $2.120 support zone. A low was formed at $2.095 and the price is now consolidating losses. It is trading below the 23.6% Fib retracement level of the downward move from the $2.2579 swing high to the $2.095 low. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $2.1750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.1320 level. The first major resistance is near the $2.1750 level and the 50% Fib retracement level of the downward move from the $2.2579 swing high to the $2.095 low. The next resistance is $2.1950. A clear move above the $2.1950 resistance might send the price toward the $2.220 resistance. Any more gains might send the price toward the $2.250 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320. More Losses? If XRP fails to clear the $2.1750 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.10 and $2.080. Major Resistance Levels – $2.1320 and $2.1950.
The post SEC’s May 12 Roundtable: BlackRock, Nasdaq, and Others to Discuss Tokenization & DeFi appeared first on Coinpedia Fintech News The SEC’s Crypto Task Force is all set for its next roundtable conference on tokenization and DeFi. It has announced the agenda and panelists for the event, where top Wall Street leaders will join to discuss the future of finance. The event titled “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet” is scheduled for May 12 at the agency’s headquarters in Washington, D.C., where the event will explore how TradFi and DeFi meet through blockchain-based asset movement. The event will be open to the public and webcast live on the SEC’s website. SEC’s Peirce Calls Tokenization Game-Changer SEC Chair Paul Atkins will deliver the keynote address at the event. Commissioner Hester M. Peirce opened up about the importance of the event, calling Tokenization a technological development that could change many aspects of the financial markets. “I look forward to hearing ideas from our panelists on how the SEC should approach this area,” she said. The event has two key sessions scheduled: “Capital Markets 2.0,” led by Jeff Dinwoodie from the law firm Cravath, and “The Future of Tokenization,” headed by Tiffany Smith from WilmerHale. The session will focus on the long-term implications, use cases, and how regulators may react to tokenized assets in capital markets. BlackRock, Fidelity, Robinhood Join In The roundtable will feature panelists from Wall Street Giants like BlackRock, Fidelity, Nasdaq, and Robinhood. Participants include Robert Mitchnick (BlackRock), Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Sandy Kaul (Franklin Templeton), Christine Moy (Apollo Management), among others. Representatives from Robinhood, Maple Finance, Securitize, and Blockchain Capital will also share their views at the event. SEC Reschedules ‘DeFi and the American Spirit’ Roundtable Also, the fourth roundtable conference, “Defi and the American Spirit,” has been moved to June 9 from June 6. The Crypto Task Force started a series of roundtables in March. The first roundtable discussed how crypto assets are classified, the second focused on crypto trading, and the third addressed custody issues. These sessions show how the agency is moving towards a more open and collaborative approach.
ETF Flows: 05 May 2025 Bitcoin ETFs: $425.5M net inflows Ethereum ETFs: $0.0M net outflows $BTC #Bitcoin $ETH #Ethereum
Crypto success stories often follow a familiar formula: catch the signs early, act with precision, and stay the course. Right now, that formula may be activating again—with Ethereum , MAGACOINFINANCE , Solana , and Bitcoin all flashing signs of renewed strength. While established leaders like Bitcoin and Solana grab the spotlight, some investors are focused on a rising contender: MAGACOINFINANCE . And the window to enter early might be closing fast. MAGACOINFINANCE Is Moving Faster Than the Market Realizes Smart investors watch for subtle but steady signals—and MAGACOINFINANCE is delivering exactly that. Wallet numbers are increasing rapidly. The community is expanding without artificial hype. And developer updates are landing on schedule, building consistent trust. Momentum isn’t speculative anymore—it’s structural and strengthening. This setup feels familiar: similar to early Bitcoin cycles and Solana’s breakout stages. Those who enter now could find themselves ahead of the curve—before the broader market arrives. Accelerating Momentum: Watch These Additional Movers Ethereum (ETH) continues to dominate the smart contract world, though network congestion and high fees keep alternative chains and Layer-2s in focus. Polygon remains a leader in Ethereum scaling, with major partnerships and real-world integrations driving continued growth. Tron still commands impressive on-chain volume, particularly across stablecoin and international payment flows. Arbitrum leads Ethereum Layer-2 scaling efforts, attracting dApp developers who demand lower fees and higher performance. All are relevant—but when it comes to pure early discovery opportunity, MAGACOINFINANCE stands apart with clear upside potential. Final Word Could $1,100 realistically become $3.2 million ? In the crypto world, it has happened before—with the right project at the right moment. With Bitcoin , Solana , and Ethereum showing strength, and MAGACOINFINANCE.COM building at speed, the ingredients are here for another transformative opportunity. And in this market, timing isn’t just important—it’s everything. To learn more about MAGACOINFINANCE , please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance The post XRP Analysts Say $5 Possible, but MAGACOIN FINANCE Could Offer 25x by Mid-2025 appeared first on TheCoinrise.com .