The GENIUS Act is currently under intense scrutiny in the U.S. Senate, with over 60 amendments proposed, underscoring its critical role in shaping future crypto regulations. Senate Republicans and Democrats
The post XRP News Today: Ripple Not Acquiring Circle, Confirms CEO Brad Garlinghouse appeared first on Coinpedia Fintech News Ripple CEO Brad Garlinghouse has officially denied recent reports claiming that Ripple was planning to acquire Circle, the company behind USDC. “Brad was unequivocal that Ripple didn’t pursue an acquisition of Circle. While he wished Circle well, he wasn’t considering any acquisition,” shared Georgetown Law professor Chris Bummer , citing a conversation he shared with Brad at the conference. Ripple’s $5B offer rumors denied; Circle’s $7.2B IPO ahead This comes after weeks of speculation that Ripple had made a $5 billion offer, which Circle had rejected. There were reports that both Ripple and Coinbase were in informal talks to buy Circle. However, in late May, Circle firmly denied the rumors, stating it wasn’t for sale. Circle is set to go public this week with a boosted valuation of $7.2 billion, trading under the ticker CRCL. Brummer believes that Ripple’s Hidden Road acquisition signals bigger plans. RLUSD isn’t just another stablecoin, it’s being built as on-ledger collateral, with transactions recorded on the XRP Ledger. This kind of infrastructure is the backbone of real adoption, he says. Ripple is also working with the UAE on tokenized real estate. Brad Garlinghouse Urges Unity Brad also stressed how harmful it is when crypto projects attack each other publicly. According to the professor, Ripple’s gift of the Satoshi skull wasn’t just a marketing move; it was a diplomatic gesture. Brad also talked about his past meetings with the SEC, noting how different staff members engaged during the long litigation. What Is Ripple Aiming For? Ripple is not trying to replace trad-fi; in fact, it is aiming to work alongside it. The vision is a hybrid system where cryptocurrencies, such as stablecoins and tokenized assets, and traditional banks operate together. Brummer also hinted that Ripple’s next acquisitions will not just target AMMs or token platforms. Instead, expect deals for prime brokerages, fiat on-ramps, and payment processors.
Bitcoin has maintained its position above the $100,000 mark since early May, peaking at $112,000 and signaling strong bullish sentiment. This historic breakout has set the stage for a potentially massive run, as institutional demand, macroeconomic pressure, and on-chain dynamics align. However, despite bullish control, the market is beginning to show signs of hesitation. Growing global tensions, particularly around trade policies and rising US Treasury yields, are creating uncertainty across financial markets, and Bitcoin is not immune. On-chain data sheds light on evolving investor behavior. The Coin Days Destroyed (CDD) indicator—which tracks how long Bitcoin has been held before being moved—reveals that while the 90-day moving average remains moderate around 14 million CDD, the 21-day moving average is ticking upward. This suggests that some long-term holders are starting to move their coins, a potential sign of early profit-taking or preparation for volatility. Although the increase is not extreme, it adds a layer of caution to the bullish narrative. As Bitcoin consolidates around current levels, analysts are watching closely for a clear signal. Whether this movement foreshadows a breakout or a broader correction remains to be seen, but momentum remains on the bulls’ side for now. Bitcoin Consolidates As CDD Signals Cautious Optimism Amid escalating global tensions, Bitcoin appears to be holding its ground, trading steadily above the $105,000 mark. After reaching an all-time high of $112,000, the price has entered a consolidation phase as bulls defend critical demand while struggling to confirm a new breakout. This period of sideways movement reflects uncertainty across financial markets, as systemic risks grow and macroeconomic volatility—fueled by an unstable bond market—continues to mount. Despite the indecision, some on-chain data suggests Bitcoin may be preparing for its next major move. Top analyst Darfost shared insights based on the Coin Days Destroyed (CDD) metric, which tracks the activity of long-term holders by measuring how long coins are held before being moved. While the 90-day moving average of CDD remains at a healthy, moderate level around 14 million, the 21-day average shows a noticeable uptick. This indicates that more coins are being moved recently, potentially signaling early stages of selling or a shift in holder sentiment. However, this movement doesn’t necessarily point to immediate sell-offs. Instead, it may be a sign of increased caution among long-term holders, positioning for volatility rather than rushing for the exits. Historically, major CDD spikes have preceded cycle tops or capitulation events, but current levels remain far from those extremes. In short, Bitcoin’s recent price action reflects a balance between bullish strength and cautious behavior. As global uncertainty lingers and capital continues to flow into hard assets, Bitcoin’s ability to remain above $105,000—even with mixed sentiment and technical pressure—highlights the asset’s resilience. Whether this resolves into a push above $112K or a deeper retrace depends largely on how macroeconomic risks evolve and whether long-term holders continue to sit tight or start exiting. Price Action Details: Holding Above Key Levels Bitcoin is trading near $105,357 after a mild 0.52% decline, testing key support levels following a retracement from its $112,000 all-time high. The chart shows BTC holding above the crucial $103,600 support zone, which aligns with the 34-day EMA at $103,114, a level that bulls must defend to avoid deeper losses. The $109,300 resistance level remains intact and continues to cap upward momentum. The recent price structure suggests Bitcoin is consolidating within a clear range between $103,600 and $109,300. This phase follows an aggressive rally throughout April and May, where BTC broke above multi-month resistance zones. As long as the current higher low structure is maintained, the uptrend remains technically valid. The moving averages (50, 100, and 200-day) are all trending upward, a bullish signal, but price is currently wedged between them, showing indecision. The declining volume also supports this sideways action. A breakout above $109,300 would confirm renewed bullish strength, while a close below $103,600 could trigger a shift in sentiment. For now, all eyes remain on macroeconomic drivers and market volatility. If Bitcoin holds these levels and begins to climb again, it could signal the next leg of the cycle. Until then, caution prevails as traders await confirmation of direction. Featured image from Dall-E, chart from TradingView
Bitcoin whale holdings have decreased by 40% over the last eight years, signaling sustained profit-taking amid a historic price surge. Despite institutional and sovereign interest driving demand, large Bitcoin holders
The Bitcoin supply held by whale entities has declined by 40% over the past eight years as profit-taking continues.
The recent CLARITY Act briefing exposed significant transparency issues within the SEC, drawing sharp criticism from House Democrats concerned about regulatory clarity in the crypto sector. Democratic lawmakers highlighted disparities
Union DAOs are revolutionizing blockchain innovation by empowering decentralized, community-led governance models that enhance transparency and inclusivity. This shift marks a significant move away from centralized control, enabling stakeholders to
Popular Solana-based meme coin generator Pump.fun could be launching its own token soon, unnamed sources told Blockworks . The platform is reportedly planning to raise $1 billion in a token sale at a $4 billion token valuation. The token will be sold to both public and private investors, the report added. However, it was unable to confirm the timing of the token launch. Pump.fun was launched in January 2024 with the goal of simplifying token creation on Solana . The platform has generated more than $700 million in total revenue since launching over a year ago, the report added. Early this year, co-founder Alon Cohen denied any rumors about the launch of a potential Pump.fun token. “I would advise not to listen to anything that didn’t directly come from Pump.fun,” he wrote on X, adding that the team is mainly focused on improving the product. He also hinted that it is “committed to rewarding its users properly.” seeing rumors about a potential pump fun token – these are wrong would advise not to listen to anything that didn’t directly come from @pumpdotfun while the pump fun team has mainly been focused on improving the product in its 1-year history, the team has always been committed… — alon (@a1lon9) February 9, 2025 Pump.Fun Token Launch in 2 Weeks? Community Speculates The report did not include whether the new token would be issued on Pump.fun. However, cues from X suggest that the token will be launched in the next two weeks, followed by airdrop for users. BREAKING: @pumpdotfun launching $PUMP token in next 2 weeks. – Airdrop for users confirmed as well It's finally coming. — nextfuckingthing (@nextfckingthing) June 3, 2025 The crypto community showed mixed reactions, some being skeptical about the launch, while others showed optimism that the move would reignite Solana’s bullish ecosystem. A New York entrepreneur, Nick O’Neil, said on X that Pump.fun has demonstrated its ability to successfully execute projects. “At a $4 billion valuation, that would place them as one of the top 30 crypto tokens,” he said in a video. “This is a massive move. It’s honestly going to drive a ton of liquidity for them and they’re going to raise a ton of money.” There’s also been a lot of controversy surrounding Pump.fun, from streaming disasters with potential suicides . Additionally, the platform also faced a cease and desist case from Burwick Law over 200+ IP-infringing meme coins. Solana Dips 2%, Will it Sink Further? On Tuesday, SOL gained nearly 7%, after breaking above $159 with strong volume. However, the token price dipped over 2%, as the news arrived, but has since recovered about half of the dip. SOL is currently trading at $156.5 at press time, per CoinMarketCap data . Along with the price action, the total market cap of Solana reached $81.74 billion, with a 24-hour trading volume of $3.46 billion. Solana seems to be preparing for a potential bullish breakout following a strong correction recently. The post Pump.fun Reportedly Prepping $1B Token Sale—Here’s What We Know So Far appeared first on Cryptonews .
Dogecoin started a fresh decline from the $0.2250 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.20. DOGE price started a fresh decline below the $0.220 and $0.20 levels. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.20 resistance zone. Dogecoin Price Holds Support Dogecoin price started a fresh decline after it failed to clear the $0.2450 zone, unlike Bitcoin and Ethereum . DOGE declined below the $0.220 and $0.20 levels. The bears even pushed the price below the $0.1920 level. A low was formed at $0.1855 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. Dogecoin price is now trading below the $0.20 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2060 level. It is close to the 50% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2340 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.20 level, it could start another decline. Initial support on the downside is near the $0.1910 level and the trend line. The next major support is near the $0.1850 level. The main support sits at $0.1720. If there is a downside break below the $0.1720 support, the price could decline further. In the stated case, the price might decline toward the $0.1650 level or even $0.1550 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1910 and $0.1855. Major Resistance Levels – $0.2000 and $0.2060.
According to the latest data from DefiLlama, PancakeSwap’s protocol fees surged to $6.71 million within the last 24 hours, positioning it as the second highest earner in the decentralized finance