Elon Musk's reaction caused an altcoin to surge over 30% unexpectedly. The limited liquidity of APU Coin made such a sharp rise less surprising. Continue Reading: Elon Musk Fuels Surprising Altcoin Surge with Unexpected Gesture The post Elon Musk Fuels Surprising Altcoin Surge with Unexpected Gesture appeared first on COINTURK NEWS .
Pi Network ($PI) may be cooling off from a recent rally, but several key announcements are likely to push its price up to $2.50 by summer. On Wednesday, the Pi community announced a major ecosystem update Wednesday, which could fuel the next leg of the rally. The Pi Network Ventures initiative, which has $100 million to spend on startups to help grow the Network. Pi Network Ventures has officially launched—a $100 million initiative, held in Pi and USD, to invest in startups and businesses that advance the utility and real-world adoption of Pi. Go to the Pi mining app home screen to learn more. This strategic program intends to invest in… pic.twitter.com/XoRy7jQGcJ — Pi Network (@PiCoreTeam) May 14, 2025 Then today, Pi Network founder Nicolas Kokkalis took the stage at crypto conference Consensus 2025 to pitch his vision to the industry. $PI NETWORK’S FOUNDER IS ABOUT TO SET CONSENSUS 2025 ON FIRE! TODAY May 16 2025 at 11:05 AM ET ( 11:05 PM, 11:05 AM NY) @nkokkalis the genius behind #PiNetwork takes the stage at #Consensus2025 ’s AI + Blockchain Infrastructure Summit in Toronto! This is THE… pic.twitter.com/WCbc5HfKu2 — PioneerHub (@can_demore) May 16, 2025 Launched in February 2025, Pi Network ($PI) is a fresh entrant to the crypto scene, and while it’s early days, its recent momentum has caught the attention of investors. Over the past fortnight, Pi has surged by 40%, currently trading at $$0.84. Its relative strength index (RSI) is 53 and falling, after hitting above 80. This means the token is undergoing a short-term correction. Still, if Pi Network’s founder, and many traders believe Pi could soon push past the $3 mark to hit a new all-time high. Built as a Layer 1 blockchain, Pi Network introduces a playful yet effective way to participate in crypto mining. Users can mine $PI tokens by simply tapping a button once a day within the app — no mining rigs, staking protocols, or energy-hungry hardware required. As Hype Grows for Pi Network, Investors Also Snap Up Mind of Pepe ($MIND) If Pi Network highlights how simplicity can revolutionize crypto participation, then MIND of Pepe ($MIND) showcases how innovation and utility can elevate a meme coin beyond the hype. Taking its visual cues from the beloved Pepe meme, $MIND is more than just a playful token. It powers an AI-driven platform that offers users real-time market analytics, sentiment tracking, and predictive tools. From automated trading signals to live data interpretation, this token blends entertainment with practical intelligence. Nine Million. $MIND pic.twitter.com/wpccWXz38U — MIND of Pepe (@MINDofPepe) May 11, 2025 The project has already raised $9.3 million in early contributions, reflecting growing confidence in its vision. Long-term holders are rewarded, too — with staking options delivering up to 243% APY, $MIND appeals to both active traders and passive income seekers. As artificial intelligence continues to transform financial technologies, MIND of Pepe is positioned at the frontier of where meme culture meets serious crypto innovation. Keep up with MIND of Pepe via X and Telegram . The post Pi Network Price Prediction: Is PI About to Pump As Founder Takes the Stage at Consensus, Big Announcements Coming? appeared first on Cryptonews .
Galaxy Digital's Nasdaq debut highlights the growing integration of traditional finance with digital assets, potentially reshaping market dynamics. The post Galaxy Digital shares jump 15% on Nasdaq debut appeared first on Crypto Briefing .
A new theory circulating within the cryptocurrency community suggests that the BRICS nations—Brazil, Russia, India, China, and South Africa—may be laying the groundwork for a revolutionary global financial system powered by XRP. The idea was recently highlighted by WF in a post on X , sparking considerable debate among digital asset enthusiasts and economic analysts. The Essence of the Theory: A Gold-Backed Financial Reset The premise of the theory is that BRICS countries are collectively working towards establishing a new financial order that could potentially replace the US dollar’s dominance in global trade. According to proponents of this theory, this emerging system would be backed by gold and could integrate XRP as a bridge currency, facilitating efficient cross-border transactions while linking fiat currencies to a stable, asset-backed financial structure. The idea stems from several recent developments, including discussions within BRICS about creating a common currency to reduce dependence on the dollar. With these countries collectively holding a significant portion of the world’s gold reserves, the notion of a gold-backed system gains credibility, especially considering growing geopolitical tensions and shifts in global trade dynamics. A new theory in the cryptocurrency world suggests that BRICS nations may be quietly working towards a gold-backed global financial system powered by XRP — WF (@WhaleFUD) May 16, 2025 Why XRP? The Role of a Bridge Currency XRP’s potential role in the proposed system is linked to its fundamental design as a bridge asset optimized for instant, low-cost cross-border transfers. As the only digital asset with regulatory clarity regarding its non-security status in the US, XRP stands out as a viable option for international financial operations. The XRPL (XRP Ledger) also offers native support for issuing stablecoins and asset-backed tokens, a feature that aligns well with the concept of a gold-backed financial system. Its decentralized nature, combined with liquidity and interoperability features, makes it a logical choice for a global financial infrastructure that seeks to bypass traditional SWIFT-based systems. Ripple’s Global Reach and the BRICS Connection Ripple, the company behind XRP, has made significant strides in forming partnerships across BRICS nations, particularly in facilitating remittance corridors in India and establishing payment frameworks in Africa. Ripple’s focus on creating seamless cross-border payment solutions aligns with the growing sentiment among BRICS members to develop a resilient and independent financial system. Although no official statements link BRICS directly to XRP, the circumstantial evidence of Ripple’s global ambitions and the ongoing financial realignments among BRICS countries fuel speculation. Additionally, Russia and China’s increasing investment in blockchain infrastructure hints at potential synergies with Ripple’s technology. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Strategic Implications: Shifting the Financial Paradigm Should the theory materialize, it would mark a significant shift from the dollar-centric global economy to a more diversified and multi-polar system. The adoption of a gold-backed, XRP-powered framework would reduce the financial influence of Western economies and accelerate digital transformation in global trade. Critics argue that such a theory is speculative, pointing out the lack of concrete evidence from BRICS governments or financial institutions. However, with BRICS nations openly discussing alternatives to dollar dominance, the theory remains plausible in the eyes of crypto proponents. What It Means for the Crypto Community If the theory proves accurate, the adoption of XRP on such a global scale would significantly boost its utility and value. The XRP community, long advocating for mainstream financial integration, sees this potential development as validation of the asset’s real-world use case. While speculation continues, the idea of a gold-backed, XRP-driven financial system reflects the broader desire for economic sovereignty among BRICS nations . Whether this theory will translate into tangible policy remains uncertain, but the conversation alone highlights the evolving narrative around digital assets and their potential role in the global economy. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post New Theory Says BRICS Nations Are Likely Quietly Preparing a Financial System Powered By XRP appeared first on Times Tabloid .
Elon Musk, the richest man in the world, who is widely talked about for the price movements he caused in the cryptocurrency market, responded to a tweet on X (formerly Twitter) that mentioned a memecoin named Apu Apustaja (APU) with a laughing emoji. Related News: Analysis Firm Reveals Altcoin Group It Sees as Having Bullish Potential Following Elon Musk’s tweet, APU saw a 25% spike in price. With a market cap of just $2 million, the altcoin is not listed on major cryptocurrency exchanges like Coinbase and Binance. Chart showing the rise in APU price. However, it should not be forgotten that the altcoins whose prices were pumped by Elon Musk experienced sudden declines after a while. *This is not investment advice. Continue Reading: BREAKING: Elon Musk Does It Again – Sends Price of Unknown Altcoin Soaring
On May 17th, COINOTAG reported significant developments in the legislative landscape as the **Trump Tax Bill** faced hurdles. The proposed bill was unable to secure approval from the **House Ways
The cryptocurrency market remained flat on Friday, May 16, following the release of positive macroeconomic data that pointed to easing inflation earlier this week. Bitcoin (BTC) increased 1% on the day to just under $104,000, trading flat on the week. Ethereum (ETH) grew 2% to $2,589, adding slightly to a strong week following its notable gains since the Pectra upgrade last week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin price suppressed because of massive sell wall formed at $105,000 level
Solana price has stalled below $200 as the recent bull run encountered resistance, but ongoing ETF inflows and strong network statistics may support a renewed rally. Solana ( SOL ) was trading at $171.45 on Friday, down by 7.40% from its highest point this week. This retreat mirrors that of other cryptocurrencies like Bitcoin ( BTC ) and Hedera Hashgraph ( HBAR ). A potential catalyst for Solana is the anticipated approval of spot SOL ETFs by the U.S. Securities and Exchange Commission. Applicants include Grayscale, VanEck, 21Shares, Canary, and Franklin Templeton. According to Polymarket , the odds of approval have risen to 81%. There are signs that these ETFs will attract strong investor interest. A recently approved leveraged Solana fund, the 2X Solana ETF, has continued to gain assets. Since its launch in February, the fund has added nearly $30 million in inflows. It has posted net inflows every month since inception. So far this month, the fund has attracted $9.6 million in inflows, up from $8.3 million in April and $5.5 million in February. SOLT ETF | Source: ETF The SOLT ETF aims to generate daily returns that correspond to 2x the daily performance of SOL. It is similar to other leveraged funds like the ProShares UltraPro QQQ and Direxion Daily S&P 500 Bull ETFs, which have $25 billion and $5 billion in assets under management, respectively. You might also like: Best crypto to buy right now ahead of the bull run However, the SOLT ETF is relatively expensive, with an expense ratio of 1.85%. By contrast, most stock-based leveraged ETFs charge under 0.90% annually. These ongoing inflows suggest that spot Solana ETFs, which are expected to have lower fees, could see even higher demand from institutional investors. There are also signs that spot XRP ETFs will have a higher demand than those tracking SOL as the recently-launched XXRP ETF has gained over $106 million in assets. Beyond ETFs, Solana is benefiting from strong network fundamentals. The number of transactions and active accounts has surged in 2025. Over the past 30 days, transactions rose by 66%, while active accounts climbed to 101 million. Solana price technical analysis SOL price chart | Source: crypto.news On the daily chart, Solana price has pulled back to $172 after peaking at $185 earlier in the week. It is currently hovering near the 38.2% Fibonacci retracement level. Meanwhile, the 50-day and 100-day moving averages are on the verge of forming a mini golden cross, often a bullish signal. Solana has also formed an inverse head and shoulders pattern and is trading between the strong pivot reverse level and the upper boundary of the Murrey Math Lines trading range. Given these technical indicators, SOL is likely to resume its uptrend, with bulls eyeing a retest of the $200 resistance level. A breakout above that level could open the path to the 78.6% Fibonacci retracement at $252. However, a drop below key support at $150 would invalidate the bullish outlook. You might also like: PlanB doubles down on $400k target for Bitcoin, analysts urge caution
Wintermute and MoonPay are among the firms looking to build out talent in new US offices with policy, compliance and product leaders