Coinbase's strategic acquisitions could significantly enhance its market position and influence in the evolving crypto industry landscape. The post Coinbase is still open to more acquisitions after $2.9B Deribit deal, says CEO Brian Armstrong appeared first on Crypto Briefing .
Melania jumped 27.8% as volume rose 49% and Open Interest climbed over 35%—a clear demand spike. Longs now dominate with 68% positioning, but $0.53 could become a key resistance for short-term profit-takers. After struggling on its price charts, hitting a new all-time low, Official Melania Meme [MELANIA] has made a strong upswing. For the first time in two weeks, the memecoin has recorded gains for three consecutive days. In fact, as of this writing, MELANIA was trading at $0.47. This marked a 27.8% increase over the past 24 hours. Over the same period, its volume was up by 49.44%, reaching $124.19 million, while Open interest surged by 35.85%, hitting $49.10 million. The price pump over the past day signals growing demand and interest after the memecoin reached a bottom. Source: Coinalyze Buyers scoop up 402K tokens As such, buyers are back in the market as they entered to buy the dip. In fact, we can notice from the chart above, MELANIA buyers have scooped 402k tokens with a positive delta of 140k tokens. This suggests that buyers are dominating the market, with more buy orders. Sellers exited 261K tokens in profit, but for the first time in days, they were the smaller force. Source: TradingView This shift in market behavior is validated by recent bullish crossover on MELANIA token’s RSI. Looking at the memecoin’s RSI, it surged from 33 to 49.46 at press time. This uptick signals growing buying pressure with buyers starting to outpace sellers. A further move above 50 would confirm a full trend reversal. Thus, Stoch RSI has also made another bullish crossover, validating the previous move by the RSI. A move here indicates that MELANIA is seeing strong upward momentum with prices closing at highs. Is MELANIA set for a sustained uptrend? According to AMBCrypto’s analysis, MELANIA is experiencing strong bullish sentiment. This bullishness is evidenced by the fact that most traders are now taking long positions. The Long-Short Ratio showed that 68% of traders held long positions, while only 31% leaned short. This reflects a strong conviction in further gains. Accompanied by a high Trading Volume and buyers’ bias, it seems MELANIA memecoin is well-positioned for a strong jump on its price charts. Source: Coinalyze Therefore, if the current conditions hold and the uptrend continues, Melania will find the next significant resistance around $0.53. However, the recent gains mean a significant number of investors who have been underwater are now becoming profitable. If the cohort turns to profit realization, the uptrend could be short-lived, and Melania will retrace to $0.40.
Solana’s native token is extending an impressive May run that has already carried the market-cap leader among non-EVM smart-contract platforms from $146 at the end of April to as high as $18” in Wednesday trading, the highest daily close recorded since mid-February. Against that backdrop, independent analyst More Crypto Online (MCO) released a fresh video update outlining why the move is technically “very full but not necessarily overextended or overstretched.” In the clip, MCO reiterates that the advance from the 30 April swing low traces out “a five-wave pattern” and stresses that, because “there was no confirmed top, one more high was still likely especially as long as this micro-support area held.” The micro zone he referenced earlier in the week lay between $159.67 and $168.23, a range Solana tested briefly before powering higher. Solana Could Surge To $360 Zooming in, the channel’s Elliott-wave count now shows five clean waves even on what MCO calls “the nano level,” a configuration that, in classical wave theory, typically finishes either an impulsive first wave or the terminating leg of a diagonal. “If it’s a five-wave move, it can be a so-called A-wave,” the analyst explains, which would “result in a B-wave, ideally a higher low, and then a C-wave up.” The alternative—and MCO’s preferred scenario—treats the structure as wave 1 of a much larger impulse that could ultimately “easily get to $360 or higher.” Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst For traders trying to calibrate risk in the near term, MCO isolates two numbers that matter most. On the upside he names $191.25 as “the next upside level to watch,” describing it as the 61.8 percent extension of waves 1 and 3—a textbook Fibonacci target for a fifth wave. On the downside he warns that “it takes a break below $172, which is the last swing low, to indicate that a price top has formed in wave 1.” In a follow-up post on X he put it even more succinctly: “5th wave to the upside is confirmed. $191.25 is the next upside level to watch … it takes a break below $172 … to indicate that a price top has formed.” Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move A clean, high-volume break of $191.25 would confirm that the immediate corrective risk has been deferred; a decisive daily close beneath $172 would instead signal that the first leg of the new advance has exhausted itself and that a retracement toward the upper-$160s or even the mid-$150s is underway. As ever, traders should remember that Elliott-wave projections are probabilistic rather than predictive. With volatility historically elevated in Solana, position sizing—alongside a clear plan for the two technical levels singled out in today’s analysis—remains the first line of defence. At press time, SOL traded at $180. Featured image created with DALL.E, chart from TradingView.com
If you think House Republicans’ rush to revive Trump’s tax plan is good news for middle-class families, think again. What’s really happening is a sneaky return to a tax scheme that favors the wealthy and leaves everyday Americans stuck holding the bill. The bill claims it’s about cutting taxes for families, seniors, and workers—echoing Trump’s 2017 promises. But don’t be fooled. The so-called “tax-free” tips and overtime pay for hospitality workers sound great, but there’s zero clarity on how the IRS will manage this without creating chaos for those it’s supposed to help. House Republicans have moved President Trump’s big tax reform plan closer to becoming law after a key committee approved the package. However, arguments over how much Americans can deduct in state and local taxes, also called SALT deduction , have created a serious divide in Congress that threatens to delay the next vote and may force changes before the plan can move forward. Republicans advance tax bill with Trump-era priorities House Republicans moved quickly on Wednesday morning to pass the new tax legislation through the House Ways and Means Committee after spending the entire night discussing the details. The House’s efforts show how determined they are to push forward President Donald Trump’s economic agenda that focuses on cutting taxes for families, seniors, and workers while continuing many policies from his time in office. The bill follows Trump’s promises in his 2024 campaigns, where he pledged to make the tax cuts from the 2017 Tax Cuts and Jobs ACT (TCJA) permanent and to reduce the tax burden for middle-income Americans. Tips and overtime pay in the proposal will be tax-free to help millions of hospitality, restaurant, and retail workers, but it doesn’t explain how the government would track and manage these earnings without confusing workers and the IRS. What’s more, the bill offers a $4,000 deduction for older Americans, but experts claim it might not help everyone equally. At first glance, the deduction for seniors looks like a win for retirees. However, a policy expert from the Tax Foundation, Garret Watson, explained that those whose main source of income is Social Security will see little or no benefit from this deduction, but retirees with pensions or investments may gain much more. Garret added that this $4,000 deduction would cost the federal government $90 billion over the next decade, far less than the $1 trillion it would cost to stop taxing Social Security benefits entirely. The bill also continues the $2,000 child tax credit created under the 2017 law and raises the amount to $2,500 per child through 2028, but critics argue that how the credit is designed still leaves many families out of the benefits. A senior tax policy expert from the Center on Budget and Policy Priorities, Kris Cox, stated that around 17 million low-income children will miss out on the full benefits even if the credit amount increases because they don’t qualify for the full credit under current rules. SALT deduction fight delays House vote and risks Senate changes The State and local tax (SALT) deductions are causing disagreements among lawmakers representing high-tax states like New York, New Jersey, and California because middle-class families pay large amounts in property and income taxes and rely on this deduction to reduce their federal tax bills. 2017 saw people living in states with higher taxes pay more in total taxes even if their incomes weren’t very high because Congress passed the Tax Cuts and Jobs ACT (TCJA) and lawmakers put a $10,000 cap on how much people could deduct for state and local taxes to help pay other tax cuts in the law. House Republicans want to help more middle-class earners in expensive states while limiting the benefit for wealthier taxpayers by raising the SALT cap to $30,000 for people earning less than $400,000 in modified adjusted gross income in the current tax bill. However, some moderate Republicans from high-tax states remain unsatisfied and are pushing for the cap to be raised higher or entirely removed, as they claim that $30,000 isn’t enough to represent their constituents’ tax burdens fairly. Senate Republicans and almost all Senate Democrats voiced concerns about how raising the SALT cap will mostly benefit higher-income households and reduce the tax code’s overall fairness, which made experts say the Senate could change the SALT provision even if the bill manages to pass in the House. Trump’s tax bill comeback is not the middle-class miracle it’s being sold as. It’s a half-baked plan filled with loopholes and giveaways to the rich while leaving millions of Americans behind. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
On May 14, Cathie Wood, the CEO of ARK Invest, listed innovation-focused companies such as Coinbase, Tesla, Palantir, and Shopify as the leaders in transforming equity markets and blockchain technology, eliminating and replacing the traditional benchmarks. Wood also speculated that it was probable that benchmarks would chase innovation more quickly in the years to come. These remarks came after ARK analyst Frank Downing commented on ARK’s initial investment in Coinbase. Innovation-focused companies transformations equity markets and blockchain technology As for ARK’s original investment in Coinbase, Downing said that he had written a whitepaper with the exchange as far back as January 2017, well up to Series D at a $1.6 billion valuation. He praised Coinbase for its “effectiveness of new product development, the pace at which new products are coming to market, and how they cater to newly onboarded users,” He expressed. After that, Wood sounded similar notes, emphasizing that companies like Coinbase, which are in the vanguard of digital innovation, are pushing the envelope not just on traditional metrics but the benchmarks that investors use to track the market’s progress and activity. What this means for the future, Wood indicated that as innovation continues to speed up, benchmarks will need to change more readily, with the performance and values of their historical bundles adjusted more frequently. The comments were made following Coinbase’s announcement that it would be joining the S&P, which is a major step toward the crypto industry’s mainstream acceptance. In a previous 2023 ARK report, Wood projected that the S&P 500 would reach 6,400 in the next five years in a base case and 11,200 in a bull case, primarily due to the exponential growth of technology. Coinbase joins the S&P 500 index, a significant milestone in crypto world According to reports , Coinbase Global’s shares surged by almost 15% on May 13 after becoming the first player in digital assets to be included in the benchmark S&P 500 index. It will replace Discover Financial, a credit card issuer that Capital One acquires. The change will take effect before the start of trading on May 19. The action represents a significant turning point for an industry that was previously limited to the fringe of finance. Oppenheimer analyst Owen Lau said this was a significant change for Coinbase and the industry. He added that it was also the model for other cryptocurrency companies hoping to go public and land a position in the S&P 500. Since President Donald Trump pledged to loosen regulations, cryptocurrency has quickly gained traction due to growing institutional interest. According to Oppenheimer analysts, who raised their price target to $293, they anticipated that Coinbase would benefit for some time from the inclusion of the S&P 500 as institutional investors took their time getting ready to buy the stock. Notably, the stock reached its highest level in almost three months during early trading, increasing the cryptocurrency exchange’s market value by over $8 billion. Since funds that track the benchmark index would have to include Coinbase in their portfolios, the inclusion might also increase demand for the company’s stock. Coinbase revealed a decline in first-quarter earnings last week. However, analysts have stated that a rebounding market might increase its momentum. To solidify its position as the biggest publicly traded cryptocurrency exchange globally, the company has been aggressively growing its institutional investor base and establishing a presence in markets outside the United States. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Pi Network Drops 33%, Falls Below $1 Amid Accusations of Betrayal from Community appeared first on Coinpedia Fintech News Pi Network, which recently surged to $1.40 following a 100% price jump, has now fallen by 33%. The token is currently trading at around $0.86. The sharp drop comes after a May 14 announcement from the Pi Core Team that left many supporters disappointed and angry. What Happened? On May 14, the Pi Core Team announced the launch of Pi Network Ventures—a $100 million investment program designed to support startups and businesses that will help bring real-world use to the Pi cryptocurrency. The fund, held in both Pi and U.S. dollars, aims to back innovative projects across various industries to grow the Pi ecosystem. Users can learn more about the program directly from the home screen of the Pi Network app. The team described the move as a “pivotal step forward” meant to speed up the creation of useful apps and encourage adoption of Pi in everyday life. Why Are People Upset? Crypto analyst, Dr. Altcoin, criticized the announcement on social media, calling it “nothing short of a betrayal.” He said the update, which introduced a new project called Pi Network Ventures, ignored the hard work and loyalty of the community that helped build Pi over the last six years. “We waited, we believed, and we contributed,” Dr. Altcoin wrote. “Now we’re told that the real DApps (decentralized apps) the team promised still don’t exist—and that $100 million in value will be used to finally build them. That value came from the trust and efforts of the Pioneer community.” He also pointed out that most users, known as Pioneers, didn’t even earn 1,000 Pi tokens due to the team’s decision not to reward referral bonuses. “This is unfair and shows how the community’s work has been undervalued,” he said. With over 70 million users across more than 200 countries, Pi Network grew into a global movement—driven not by investors, but by its people. Now, many Pioneers feel left behind as the Core Team focuses on big ambitions and new projects. “The silence from the Core Team is deafening,” Dr. Altcoin added. “Pioneers aren’t just users—we’re the foundation of Pi Network.”
On May 15th, COINOTAG News reported that crypto **Key Opinion Leader** (KOL) Ansem (@blknoiz06) made significant strides in the market by investing **$1.36 million** into **LAUNCHCOIN** over a 48-hour period,
COINOTAG News, May 15th – According to a recent report by Decrypt, ride-hailing giant Lyft has officially integrated the decentralized mapping service, Bee Maps, leveraging the Solana blockchain to enhance
Ripple’s USD-backed stablecoin RLUSD is exploding across finance, powering everything from institutional collateral and DeFi trades to tokenized assets and global peer payments—all on the XRP Ledger. Ripple Spotlights RLUSD’s Expanding Real-World Use Cases Across Finance Ripple provided an in-depth look on May 13 at the growing number of real-world use cases for stablecoins, with
MAGACOINFINANCE Enters New Stage as Market Momentum Accelerates MAGACOINFINANCE has officially entered its latest growth phase, and analysts are calling it one of the most critical developments in the 2025 altcoin cycle. With a sharp uptick in both participation and investor attention, this once-niche political meme token is quickly evolving into a full-fledged altcoin phenomenon. The new stage of the pre-sale didn’t arrive quietly—it broke through with significant traction. Earlier stages sold out faster than projected, and the current phase is already drawing inflows from both retail buyers and crypto analysts who view MAGACOINFINANCE as a central figure in Q2’s bullish altcoin narrative . Why Analysts Are Watching This Stage Closely Each new pricing tier in MAGACOINFINANCE ’s pre-sale represents more than a price hike—it introduces a carefully engineered shift in token distribution and buyer incentives. As prices rise and bonus supply narrows, analysts say the model is successfully creating urgency without relying on hype. This latest stage follows strong momentum: Over $8 million raised 20,000+ holders confirmed A visible surge in traffic across Telegram, Twitter/X, and YouTube coverage Unlike many meme coins that spike and fade, MAGACOINFINANCE has maintained a steady pace, drawing attention for its structure, staying power, and ability to convert narrative into traction. Forecasting a 25x–35x ROI as Pre-Listing Sentiment Grows What’s pushing investor interest even further are the projected returns. With the final listing price set at $0.007 , analysts see MAGACOINFINANCE still offering 25x to 35x upside , depending on entry point and launch conditions. Some forecasts stretch even higher, citing 5,000%+ ROI potential if broader market strength continues and key partnerships are confirmed. The difference with MAGACOINFINANCE is that these projections are rooted not in vaporware promises, but in sharp market design, cultural relevance, and growing demand. Where others lean on influencer-driven FOMO, MAGACOINFINANCE is building a base through politically charged virality and scarcity mechanics—both of which have historically triggered breakout phases for meme-sector tokens. Conclusion: The Window Is Narrowing Fast This new stage isn’t just a milestone—it’s a turning point. Prices are climbing. Bonus opportunities are narrowing. And those tracking altcoin rotations know this is the moment that often defines ROI outcomes. With momentum behind it and visibility rising across every key community channel, MAGACOINFINANCE is fast becoming the breakout name of 2025. Analysts aren’t just watching it—they’re highlighting it as the frontrunner for Q2’s altcoin surge. LIMITED TIME OFFER — GET 50% EXTRA BONUS WITH MAGA50X To learn more about MAGACOINFINANCE , please visit: Website : https://magacoinfinance.com Twitter/X : https://x.com/magacoinfinance The post MAGACOINFINANCE Just Hit New Stage – Why Analysts Now Say It’s Fueling 2025 Altcoin Boom appeared first on TheCoinrise.com .