Day: May 20, 2025

6.3% Rally Fueled by DeFi Demand and Volume

The cryptocurrency market continues to respond to broader economic factors as Solana demonstrates resilience amid global trade uncertainties. SOLโ€™s price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance levels with institutional-grade volume suggesting accumulation despite a brief 1.35% correction in recent hours. Meanwhile, analysts point to the $166.82 level as a crucial short-term pivot, with potential for significant upward movement if SOL can maintain momentum above $177 resistance. Technical Analysis Highlights SOL climbed from a low of $159.69 to a high of $173.03,…

XRP Futures Launch With $1.5M Volume โ€” Will XRP Hit $3?

Key Notes CME saw four standard XRP contracts traded, totaling $480K at around $2.40. An additional 106 micro contracts added over $1 million to the opening day volume. XRP is currently trading at $2.37, up more than 3% in the last 24 hours. XRP futures began trading on the CME Groupโ€™s derivatives platform on May 19, marking a major milestone for the cryptocurrencyโ€™s mainstream adoption. The first day of trading saw at least $1.5 million in total volume. According to CME data, four standard XRP contracts, each representing 50,000 tokens,…

Are We Headed For A $120,000 Breakout

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. With Bitcoin (BTC) surging back above the $105,000 mark and nearing its record high set in January, market expert Doctor Profit has outlined bullish predictions for the leading cryptocurrency.…

Genesis Sued DCG: Can Fallen Lender Recover $3.1B?

Key Notes Genesis aims to recover over $3 billion in the latest lawsuit. The lender accused its parent company of fraud and self-dealing. DCG wanted to hide a massive hole in its balance sheet, but failed. Genesis Global Capital, a major cryptocurrency lender, filed two lawsuits against Digital Currency Group, its parent company, and CEO Barry Silbert to potentially recover over $3 billion. The filings include a $1.1 billion promissory note and over $1.2 billion in allegedly improper transfers. The now-defunct institutional crypto lender, with over 100,000 creditors, claims that…

Senate Advances GENIUS Act Stablecoin Bill

Key Notes Democratic Senators who previously opposed the bill, including Mark Warner, Adam Schiff, and Ruben Gallego, have shifted their stance to support it. The GENIUS Act outlines strict AML/KYC protocols, mandates 1:1 reserves backed by USD. Following the Senate’s debate and vote, the GENIUS Act will move to the House of Representatives. On May 19, the US Senate managed to successfully move ahead with the stablecoin bill, or the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS ACT), with a 62-32 procedural vote. The long-awaited crypto regulation…

Spot Demand Climbs As Short-Term Profits Lose Steam

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session. After briefly reaching a 24-hour high of $106,518, the asset…

BITCOIN TREASURIES GOING PARABOLIC, BE PREPARED!!!

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Jack Dorsey Fights Against Sats, Supports Controversial Changes for Bitcoin

Block co-founder Jack Dorsey has argued for making bitcoin transactions easier to follow and finalize, shedding the name of the smallest bitcoin unit, sats, and referring to them simply as bitcoin. This change, focused on retail, was proposed in BIP 177, presented by bitcoin proponent John Carvalho. Blockโ€™s Jack Dorsey Advocates for BIP 177, Shedding [โ€ฆ] Source CryptoX Portal

Bitcoin options data suggest spike in volatility despite seasonal calm ahead: Kaiko

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Bitcoin traders are pricing in higher volatility into June and July, defying the usual summer slowdown, analysts say. Crypto traders might want to cancel their summer vacations as options markets are flashing signs that the coming months could be anything but quiet. Despite the seasonโ€™s reputation for sluggish activity, where both crypto and equities often cool off, current data suggests the market might be in for a hotter, more volatile stretch, Kaikoโ€™s analysts say. In a recent research note, the analysts pointed out that since 2020, Bitcoin (BTC) has regularly…