The S&P 500 climbed 1% on Tuesday, recovering all of its 2025 losses as investors cheered a string of favorable developments in tech, trade, and inflation. The Nasdaq Composite surged 1.6%, while the Dow Jones Industrial Average dropped 0.64%, weighed down by an 18% plunge in UnitedHealth shares after its CEO stepped down and the company suspended guidance. The rally was driven largely by a 6% gain in Nvidia, which crossed a $3 trillion market cap after news broke that it would ship 18,000 AI chips to Saudi Arabia. Other chipmakers, including Broadcom and AMD, jumped 4% each, riding momentum from renewed global demand and optimism over artificial intelligence. Adding fuel to the market rebound was a softer-than-expected Consumer Price Index reading for April. Inflation rose 2.3% year-over-year, slightly below economists’ expectations and marking the slowest annual pace since 2021. Bond traders adjusted expectations for interest rate cuts, now eyeing a September move by the Federal Reserve instead of June. Coinbase stock surged 23.97% today, rising $49.68 to close at $256.90. This came after Coinbase made history by becoming the first crypto company to join the S&P 500. You might also like: Polygon crypto price: Can Polygon’s tech push revive the token’s price? Easing tensions with China Markets also reacted to the White House’s announcement of a $600 billion investment initiative and a 90-day tariff truce with China. The easing of geopolitical tensions contributed to a broader risk-on sentiment, lifting major tech stocks including Tesla (+5%) and Meta (+3%). Palantir jumped 9% following a $142 billion U.S.-Saudi defense deal, while Coinbase spiked over 18% on news of its inclusion in the S&P 500, signaling what analysts called a dramatic turnaround for the crypto industry under a more favorable regulatory climate. You might also like: Ethereum holds key support as bulls eye $2,800 resistance zone
The U.S. Securities and Exchange Commission has ruled that Dell Technologies can leave out a shareholder proposal asking the board to assess whether adding Bitcoin to its treasury would benefit shareholders . The proposal, submitted by the National Center for Public Policy Research, was intended for the company’s next annual shareholder meeting. The SEC determined the request was related to Dell's ordinary business operations , meaning the company can legally exclude it without facing enforcement. This decision reinforces the regulator’s stance that companies are not required to consider or act on shareholder suggestions that fall into the realm of day-to-day management— even if they involve emerging financial strategies like crypto . As of January 31, 2025, Dell Technologies reported cash and cash equivalents totaling $3.633 billion on its balance sheet.
According to the latest development, Twenty One purchased 4,812 Bitcoins for $458.7 million at an average price of $95.3 thousand through Tether. The firm, backed by stablecoin giant Tether Holdings SA and SoftBank Group, was designed to rival Strategy (formerly MicroStrategy) and was started by Cantor Fitzgerald. *This is not investment advice. Continue Reading: BREAKING: A Company Has Announced That It Has Purchased a Large Amount of Bitcoin – It’s Not MicroStrategy
Proponents of a bill to regulate stablecoins in the US Congress will likely take up another vote on the legislation in a matter of days without responding to concerns about President Donald Trump’s financial ties to the cryptocurrency industry. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, failed to get enough votes to pass in the US Senate on May 8 amid calls from some Democratic lawmakers to halt any legislation related to digital assets until Republicans could address Trump’s potential conflicts of interest. Immediately following the vote, some lawmakers from both parties suggested they could reconsider the bill as early as this week, but without agreeing on a bipartisan path forward. After the GENIUS Act failed to proceed in a 48 to 49 vote in the Senate, Majority Leader John Thune made a motion to reconsider, setting up a possible vote on the matter within days. A source familiar with the matter told Cointelegraph Republicans who backed the bill were unlikely to modify it to block Trump or any member of his administration from investing in digital assets, claiming it was beyond Congress’s authority under the Constitution. “[...] this delay is not inherently detrimental,“ said Liat Shetret, vice president of global policy and regulation at blockchain analytics firm Elliptic. “We can expect the bill to return to the floor, with this pause giving both parties time to clarify provisions and address lawmakers’ concerns.” The Cedar Innovation Foundation, an organization tied to the political action committee (PAC) Fairshake, issued a warning to Senate leadership to “avoid political games” and pass a stablecoin bill “in the coming days.” Fairshake spent more than $131 million to support candidates in the 2024 US elections, some of whom are currently serving in the House and Senate. There are still more than 500 days until the 2026 midterms, when many members of Congress are up for reelection. On May 12, the Senate resumed consideration of the motion to proceed to consideration of the GENIUS Act, suggesting another vote soon. Related: US Treasury Secretary expresses support for crypto bills at hearing Changes to stablecoin or market structure bills? Should Republicans in the Senate reintroduce the bill without any changes, it’s unclear whether they would have enough support to clear a 60-vote majority to avoid a Democratic filibuster — a process to delay or sometimes block a vote on a bill. The Trump family’s ties to the crypto platform World Liberty Financial and its stablecoin, USD1, have raised potential corruption concerns, as has offering the top holders of his TRUMP memecoin the chance to pay for access to the president through an exclusive dinner and reception. “[...] the Republicans’ bill did nothing to address Trump’s conflict, and instead voted to hand Trump the authority to write the rules over his and his competitors’ stablecoins,” said Democratic Representative Maxine Waters in a May 6 statement. She blocked a hearing to discuss a possible digital asset market structure bill, citing concerns about Trump’s “ownership of crypto.” Democratic lawmakers have already introduced possible solutions to what they called the “biggest corruption scandal in the history of the White House” — with legislation in the House and Senate to bar members of Congress, the president, the vice president, and their families from profiting off memecoins. Senators Elizabeth Warren and Chris Van Hollen also reportedly called on the president to fully divest from USD1 before making any possible deals with foreign governments. The nonpartisan organization State Democracy Defenders Action reported in April that Trump’s crypto holdings were worth roughly $2.9 billion, which accounted for 40% of his wealth. This report came before the launch of World Liberty Financial’s stablecoin, which an Abu Dhabi-based investment firm said it would use to settle a $2 billion investment in Binance. Trump’s sons, Eric, Donald Trump Jr., and Barron, were all listed as “Web3 ambassadors” for the platform. Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
TWENTY ONE ANNOUNCES 4,812 BTC ($458.7M) PURCHASE AT AVERAGE PRICE OF $95.3K THROUGH TETHER $BTC #BTC
SEC seeks feedback for in-kind redemptions on BlackRock’s Bitcoin ETF, delays Solana and Dogecoin proposals $BTC #Bitcoin $SOL #Solana
Believe.app, a Solana-based token launchpad originally launched as Clout.me back in January, has generated a whopping $6.3 million in fees over the last 24 hours, split evenly between token creators and the app. Believe’s flagship token, LAUNCHCOIN, is up 880% today to a $175 million valuation . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Ethereum (ETH) and XRP continue to dominate the top-tier crypto conversation in Q2 2025—but in terms of ROI and trader impact, returns are beginning to look muted compared to emerging altcoins. Ethereum is holding steady around $1,830 , maintaining its long-term bullish structure, but price action remains range-bound. ETH has seen a modest +2% gain this quarter, powered by AI token momentum and L2 expansion. Meanwhile, XRP sits near $2.22 , bolstered by ETF speculation and global payment partnerships. However, its weekly chart remains flat, with gains capped by regulatory uncertainties and reduced retail volume. While both assets remain long-term anchors, many traders are now searching for stronger asymmetric return setups —and that’s where MAGACOINFINANCE is gaining serious traction. MAGACOINFINANCE: Early-Stage ROI Is Already Accelerating Still in its pre-listing phase, MAGACOINFINANCE is quickly emerging as one of the top-performing altcoins of Q2—even before hitting centralized exchanges. With over $8 million raised , a structured, multi-stage token sale, and a projected listing price of $0.007 , MAGACOINFINANCE is offering one thing Ethereum and XRP currently can’t: 25x to 35x ROI potential. The project has already completed multiple presale stages, each selling out rapidly. Early buyers have seen their entry price increase with every stage—an early signal that MAGACOINFINANCE is delivering results well before its public debut. Why MAGACOINFINANCE May Outperform in Q2 and Beyond Several factors are fueling MAGACOINFINANCE’s rise: A fixed supply model that creates real scarcity High community engagement with 20,000+ active supporters Political branding that aligns with 2025’s dominant narratives A bonus-driven entry model rewarding early participation Compared to legacy tokens whose major catalysts are already priced in, MAGACOINFINANCE still has a full runway ahead —with listings, marketing campaigns, and utility milestones yet to roll out. Final Verdict: ROI Leader of Q2? Ethereum and XRP remain strong foundations for any portfolio—but in Q2’s fast-moving altcoin environment, early momentum matters. With price momentum, presale success, and analyst projections all aligning, MAGACOINFINANCE is currently delivering more real-time returns than either ETH or XRP. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum and XRP Are Under the Microscope in Q2 — Is MAGACOINFINANCE Quietly Producing Better Returns?
Cryptocurrency investors have experienced ongoing downturns, now with a temporary shift. Google trends indicate increasing interest in Ethereum by new investors worldwide. Continue Reading: Crypto Markets Surge: Altcoin Bulls Are On the Move! The post Crypto Markets Surge: Altcoin Bulls Are On the Move! appeared first on COINTURK NEWS .
DeFi Development Corp. (Nasdaq: DFDV) announced the acquisition of 172,670 solana ( SOL) tokens at an average price of $136.81, totaling approximately $23.6 million, marking the company’s largest purchase of solana to date and its tenth acquisition under its digital asset treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 595,988