In a recent announcement, MetaPlanet, a publicly traded firm in Japan, revealed its strategic acquisition of an additional 1,241 bitcoins, with a striking average purchase price of ¥14,848,061 per unit.
Tinian, a small island in the US territory of the Northern Mariana Islands, could get a second chance at launching a stablecoin after the territory’s Senate voted to override the governor’s earlier veto of its stablecoin bill. On May 9, the Northern Mariana Islands Senate voted 7-1 to override Governor Arnold Palacios' April 11 veto of the bill , which would allow the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The bill will now head to the 20-member Northern Mariana Islands House, which will need a two-thirds majority vote to override the veto and pass the bill into law. If the House is quick to pass the bill, the Tinian government could be in the lead for the first US public entity to issue a stablecoin. It’s in a race against the state of Wyoming, which is aiming to issue a stablecoin by July . Tinian is governed by the local government, the Municipality of Tinian and Aguiguan, and is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a small US territory in the Pacific north of Guam. Tinian has just over 2,000 residents, and its economy heavily relies on tourism. Senators push “much-needed” bill despite “deep concerns” Governor Palacios said in his letter last month that he vetoed the bill as it “presents several legal issues and may be unconstitutional” and would regulate an activity that could not “be clearly restricted” to Tinian. Democrat Senator Celina Babauta, the only one to vote against overriding the veto, said before the vote that she had “deep concerns with respect to the lack of resources, the lack of manpower” to enforce the gambling law and police use of the stablecoin. “We are restricted by federal statutes and must comply with that,” she added. Senator Celina Babauta (right) delivers remarks at a Senate hearing alongside Senator Karl King-Nabors (middle). Source: YouTube “We struggle with trying to find creative and innovative ways to diversify our economy and our industries,” Babauta said. “I don't believe that gambling is the only thing that we can be looking forward to every single time there's an investor that comes in.” However, Republican Senator Karl King-Nabors, who represents Tinian and co-authored the bill, said it was “a far more stringent and efficient way to oversee the online gaming aspect.” “This stablecoin is tracked through software, and if anything, it allows for more transparency when it comes to the Tinian Casino Gaming Control Commission,” he added. King-Nabors said the bill aligned with “much-needed” economic diversification measures, as the local economy was yet to bounce back from a COVID-19 pandemic-induced slump. “This legislation stands at a time where we're going through so much economic hardships,” King-Nabors added. “I find it difficult that we're constantly having to step over obstacles when we're trying to incentivize and look for ways to bring in revenue that don't affect our environment, that don't require a brick and mortar, that don't impact our land.” Tinian bids for fully-backed stablecoin Republican Senator for Tinian, Jude Hofschneider, led the introduction of the bill in February, which aims to amend a local Tinian law to allow internet-only casino licenses, along with allowing the island to launch a fully backed US dollar-pegged stablecoin. A four-member Tinian delegation to the Marianas legislature, which includes Hofschneider and King-Nabors, had passed the bill to Governor Palacios in a unanimous vote on March 12. Statements shared with Cointelegraph in March said the stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury. The Tinian government chose tech services firm Marianas Rai Corporation, based in the Northern Mariana Islands’ capital of Saipan, as the exclusive infrastructure provider to issue and redeem MUSD. MUSD is built on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain that split off from Bitcoin in 2017. Related: Senator Tim Scott slams partisan politics for failed stablecoin bill Marianas Rai Corp. co-founder and technology chief Vin Armani told Cointelegraph in April that it was “in active discussions with potential partners” about launching the token after Governor Palacios’ veto and was “poised to act quickly” as US Congress is looking to pass stablecoin laws. In the US, one stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins ( GENIUS ) Act, has since stalled in Congress after Senate Democrats pulled support for the bill due to concerns about President Donald Trump’s sprawling crypto ventures. Another stablecoin-regulating bill in the House, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, has also lost Democrat support due to Trump’s crypto tie-ups. Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Ethereum price started a fresh surge above the $2,350 zone. ETH is now up over 35% and consolidating gains near the $2,500 zone. Ethereum started a fresh surge above the $2,350 resistance. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it breaks the $2,600 resistance level. Ethereum Price Surges And Clears $2,500 Ethereum price remained supported and started a fresh increase above $2,200, beating Bitcoin . ETH gained pace for a move above the $2,350 resistance zone. The bulls were able to push the price above the $2,500 resistance zone . The price gained over 35% and recently surpassed the $2,550 resistance zone. A high was formed at $2,606 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2,272 swing low to the $2,606 high. Ethereum price is now trading above $2,500 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2,480 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,550 level. The next key resistance is near the $2,600 level. The first major resistance is near the $2,620 level. A clear move above the $2,620 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,780 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $2,550 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,470 level. The first major support sits near the $2,440 zone and the 50% Fib retracement level of the upward move from the $2,272 swing low to the $2,606 high. A clear move below the $2,440 support might push the price toward the $2,350 support. Any more losses might send the price toward the $2,270 support level in the near term. The next key support sits at $2,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,440 Major Resistance Level – $2,550
The post Fact Check: Is Ripple Settling $50 Million SEC Fine in XRP? appeared first on Coinpedia Fintech News After months of speculation and legal back-and-forth, Ripple and the U.S. Securities and Exchange Commission (SEC) have officially settled their case. While insiders at Ripple had hinted weeks ago that a deal was done, many in the crypto community were waiting for written confirmation from the SEC itself. That confirmation has now arrived. The SEC has publicly announced that it has reached a settlement agreement with Ripple to resolve its civil enforcement action. The agreement also covers Ripple’s executives, though that part had already been settled earlier. What matters most to XRP holders is the deal involving Ripple and its XRP token. According to the settlement terms, Ripple will pay $50 million out of the original $125 million penalty. The remaining amount will be returned to Ripple. Both sides have also agreed to drop their appeals — but only if the court agrees to lift the injunction that has been placed on Ripple for months. Attorney John Deaton, who has closely followed the case, weighed in on the news. He said that it would be “absolutely shocking” if Judge Analisa Torres didn’t agree to lift the injunction, given the circumstances. Legal Experts Issue Clarification Soon after the settlement details surfaced, rumors started spreading online that Ripple would be paying the $50 million fine using XRP, and that the U.S. government planned to hold XRP as part of a strategic reserve. However, former SEC lawyer Marc Fage l quickly dismissed those claims. He clarified that the money is already in Ripple’s counsel’s custody in cash form, and once the court approves the deal, it will be paid to the SEC — not in XRP. Nonsense, the initial fine the court ordered of $125,000 has already been set aside in an account in USD earning interest, and the parties have agreed in the settlement agreement how it will be distributed. https://t.co/Dq706YV6mp — bill morgan (@Belisarius2020) May 10, 2025 Attorney Bill Morgan also stepped in to address the false reports. He explained that the original fine amount was already placed in a USD account earning interest, and both parties have agreed on how it will be distributed according to the settlement terms.
On May 12th, COINOTAG News reported significant movements in the Ethereum (ETH) market. Renowned on-chain data analyst Yu Jin tracked a prominent whale who had been unsuccessfully attempting to short
Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry. Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending, that could soon change, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, said in a May 11 X post. “Soon, any stablecoin issued by a country could face strict govt regulation, similar to traditional banks. Transfers might automatically trigger tax collection through smart contracts, and wallets could be frozen or require paperwork based on government rules,” he said. “People who used stablecoins for big international transfers might start looking for censorship-resistant dark stablecoins instead.” On the heels of US President Donald Trump’s crypto-friendly administration assuming power earlier this year, lawmakers are weighing stablecoin legislation, which seeks to regulate US stablecoins, ensuring their legal use for payments. The European Union has already brought in its Markets in Crypto-Assets (MiCA) regulation, which, among other measures, mandates that stablecoins be regulated and transparent. Source: Ki Young Ju Ju speculates that a dark or private stablecoin could be created as an algorithmic stablecoin , with the value maintained through algorithmic mechanisms rather than being pegged to an external asset like gold, which makes it susceptible to interference from authorities. “One possible example could be a decentralized stablecoin that follows the price of regulated coins like USDC using data oracles like Chainlink,” he said. Another way would be stablecoins issued by countries that don’t censor financial transactions, or, for example, if Tether chooses not to comply with US government regulations in the future. “USDT itself used to be considered a censorship-resistant stablecoin. If Tether chooses not to comply with US government regulations under a future Trump administration, it could become a dark stablecoin in an increasingly censored internet economy,” Ju said. Privacy technology in crypto is already being used Zcash ( ZEC ) and Monero ( XMR ) — while they aren’t stablecoins —already shield transactions and allow users to send and receive funds without revealing their transaction data on the blockchain. Related: Russia finance ministry official floats country making own stablecoins: Report Several projects are also working on using similar technology for stablecoins, such as Zephyr Protocol, a Monero fork that hides transactions from being revealed on the blockchain. PARScoin also hides user identities, transaction values, and links to past transactions. The market cap of US dollar-denominated stablecoins has continued to grow, crossing $230 billion in April, a report from investment banking giant Citigroup found. That’s an increase of 54% since last year, with Tether ( USDT ) and USDC ( USDC ) dominating 90% of the market. Meanwhile, total stablecoin volumes hit $27.6 trillion in 2024, surpassing the combined volumes of Visa and Mastercard by 7.7%. Magazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express
On May 12th, COINOTAG reported significant activity in the **Ethereum** market, highlighting a substantial swing trade executed by prominent **ETH** whale **nemorino.eth**. The trader acquired **3,088 WETH** at an average
Bitcoin price started a fresh surge above the $102,000 zone. BTC is rising and might aim for a move toward the $107,500 resistance. Bitcoin started a strong increase above the $100,500 resistance zone. The price is trading above $102,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $105,000 zone. Bitcoin Price Aims More Gains Bitcoin price started a fresh increase from the $96,500 support zone. BTC formed a base and was able to clear the $98,800 resistance zone. The bulls even pushed the price above $102,000. The pair spiked above $104,500 and tested $105,000. A high is formed at $104,943 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $104,943 high. Bitcoin is now trading above $103,500 and the 100 hourly Simple moving average . There is also a new connecting bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $104,500 level. The first key resistance is near the $105,000 level. The next key resistance could be $105,500. A close above the $105,500 resistance might send the price further higher. In the stated case, the price could rise and test the $106,200 resistance level. Any more gains might send the price toward the $108,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $104,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $103,500 level and the trend line. The first major support is near the $102,800 level. The next support is now near the $100,500 zone and the 50% Fib retracement level of the upward move from the $95,825 swing low to the $104,943 high. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $103,500, followed by $102,800. Major Resistance Levels – $104,500 and $105,000.
The post Pi Network Price Surges 100%, What’s Next? appeared first on Coinpedia Fintech News Pi Coin has taken the crypto market by surprise with a sharp rise of over 61%, now trading at $1.24 at the time of writing. While most of the top cryptocurrencies stayed quiet or posted decent gains of around 2-3% over the weekend, Pi Coin defied the trend and made an impressive move up to the 16th spot on the crypto rankings. This sudden jump comes just a little over a month after Pi Coin hit an all-time low of $0.40, weighed down by market uncertainty and token unlock events. Since then, the coin has bounced back strongly. What’s Next For Pi Coin Price? Looking at the monthly chart, the price has recovered well from its previous dip around $0.40, which was the lowest point since its earlier all-time high above $3. The formation of a bullish hammer candlestick pattern on the chart now hints that the long-running downtrend might be coming to an end. With Pi’s price returning to its monthly trading range, analysts are setting their sights on higher targets. The next possible price levels being discussed are around $2.30, $2.40, and potentially even $3, depending on how much momentum the market can build in the coming weeks. In the short-term, Pi Coin is trying to break above the $1.50 level. Big Announcement on May 14? Adding to the excitement is the upcoming Consensus Summit, set to begin on May 14. The Pi Network community is eagerly waiting for some major updates, especially with Pi Network co-founder Dr. Nicolas Kokkalis scheduled to speak at the event. Rumors are swirling about announcements, including the launch of new decentralized apps (DApps), the long-awaited listing of Pi on major crypto exchanges like BitMart, HTX, or maybe even Binance, and a full roadmap for the official launch of Pi’s mainnet. With excitement building and prices on the rise, all eyes are now on Pi Network to see what surprises it might reveal next.
Ethereum (ETH) and Binance Coin are both sending strong signals, hinting at potential market shifts. Ethereum (ETH) volume has surged to $14 billion for the first time in over a year, a clear sign that large players could be preparing for significant moves. Meanwhile, Binance Coin price is steadily testing $600, with a decisive break above $625 needed to unlock the next leg higher. Despite these encouraging signs, seasoned traders know that top returns often do not come from coins already in motion. Instead, major profits tend to emerge from early-stage projects, especially presales. That is exactly where Web3 ai ($WAI) stands apart. This platform combines 12 AI-powered tools to scan and analyze market signals before they become obvious. Priced at just $0.000331 in Stage 3 of its presale and targeting a launch price of $0.005242, Web3 ai offers a clear path to a projected 1,584% ROI, reinforcing its position as the best crypto presale to watch in 2025. Ethereum Volume Surge Signals Whale Accumulation Ethereum (ETH) volume has witnessed a remarkable increase, reaching its highest point in more than twelve months. Data reveals that trading volume has now crossed $14 billion, largely driven by heightened market activity and substantial transactions. Experts believe this volume spike may reflect growing interest from major players who are preparing for possible price moves. The rebound in Ethereum (ETH) volume is notable, especially after a long period of flat trading earlier this year. Although ETH prices have yet to surge, this volume growth suggests momentum could be building quietly. If the current trend holds, Ethereum’s position in the crypto spotlight may soon become even more prominent. Binance Coin Price Struggles to Clear $625 Resistance Binance Coin (BNB) has started to show signs of recovery following its recent dip. The current Binance Coin price hovers around $598.90, fluctuating between key support at $570 and resistance at $625. This range remains vital for short-term price action. Analysts indicate that if Binance Coin holds above $570, it could target resistance levels near $615 and eventually $630. However, a decisive breakout above $625 is needed to confirm a bullish trend. Over the last 24 hours, Binance Coin price has remained steady, gaining about 1.65% in the past week. While the outlook is cautiously optimistic, traders are closely monitoring whether BNB can push through the upper levels and sustain upward momentum. Web3 ai: The Smart Solution to Finding Best Crypto Presale Opportunities While Ethereum and Binance Coin are catching attention, real opportunities often come from presales. These early-stage projects offer far higher upside potential but are also difficult to evaluate due to market noise and frequent overhype. Web3 ai addresses this challenge with precision. By using 12 AI-driven tools, Web3 ai simplifies the process of identifying quality presales. It assesses tokenomics, on-chain data, team backgrounds, smart contract security, and overall market sentiment. Machine learning and natural language processing enhance its ability to spot risks and opportunities early, ensuring users are ahead of major trends. Additionally, Web3 ai’s Scam Detector and Risk Manager strengthen its appeal, alerting users to potentially dangerous projects before trouble arises. The platform’s seamless access across mobile, browser, and desktop makes it even easier for users to manage crypto activity without switching between multiple apps. While Web3 ai was designed to analyze other presales, its own presale has captured the spotlight. The $WAI token is currently available at $0.000331, with a launch target of $0.005242. This implies a remarkable 1,584% ROI for early participants, positioning Web3 ai as the best crypto presale to enter in 2025. Final Observations Ethereum (ETH) volume reaching $14 billion suggests major market players are preparing for future moves, while Binance Coin price eyes a breakout beyond $625. Both assets reflect growing optimism but may offer limited upside compared to presale opportunities. That is why Web3 ai stands out right now. Its AI-powered platform delivers deep insights that help users capture potential gains before markets react. With its presale live and offering a calculated 1,584% ROI, Web3 ai provides more than just information. It offers a clear path toward smart, early participation in the next wave of crypto growth. Join Web3 ai Now: Website: http://web3ai.com/ Telegram: https://t.me/Web3Ai_Token X: https://x.com/Web3Ai_Token Instagram: https://www.instagram.com/web3ai_token The post Ethereum and Binance Coin Are Heating Up, but Web3 ai’s 1,584% ROI Presale Could Deliver the Real Breakthrough appeared first on TheCoinrise.com .