Month: May 2025

TRON Accumulation Phase Detected—Major Price Surge Coming

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Despite ongoing consolidation across the broader crypto market, Tron (TRX) has managed to maintain a steady upward trajectory. The token has recorded a 2.6% increase over the past two weeks and is currently trading at $0.2495, reflecting a 0.7% uptick in the last 24 hours. This relative strength comes at a time when several major altcoins are experiencing muted price action. Tron’s stability amid broader volatility has drawn the attention of market participants analyzing on-chain dynamics for insight into potential future moves. Tron On-Chain Trends Suggest Network Consolidation According to…

Florida drops Bitcoin reserve plans as HB 487 and SB 550 withdrawn

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Florida has become the latest state to drop plans for a Strategic Bitcoin Reserve, shelving two key bills that would have allowed public funds to be invested in Bitcoin. According to the Florida Senate, both of Florida’s Bitcoin reserve bills, House Bill 487 and Senate Bill 550, were “indefinitely postponed and withdrawn from consideration” on May 3. The state’s legislative session ended on May 2 without a vote on either bill, effectively killing the proposal despite early momentum. HB 487, titled “Investments of Public Funds in Bitcoin,” was introduced in…

Bitcoin Core to unilaterally remove controversial OP-Return limit

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Bitcoin Core developers have decided to remove a limit on transaction data in the next network upgrade, enabling more data to be included in a more efficient way.  “Bitcoin Core’s next release will, by default, relay and mine transactions whose OP_RETURN outputs exceed 80 bytes and allow any number of these outputs,” read the announcement on GitHub by Bitcoin developer Greg Sanders on May 5.  The long-standing limit was originally a “gentle signal that block space should be used sparingly for non-payment proof of publication data,” has outlived its utility,…

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’

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Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government’s 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.” The US Department of Justice requested Mashinsky receive at least 20 years behind bars in the May 8 sentencing for his role in misleading Celsius users and profiting from the price manipulation of Celsius (CEL), which would make the 59-year-old 79 if he serves the whole sentence. Lawyers acting for Mashinsky argued in a May 5 reply memorandum filed in a New York district…

Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total

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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 artículo también está disponible en español. In a recent filing with the US Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy), disclosed the purchase of an additional 6,556 Bitcoin (BTC) at an average price of…

Solana (SOL) Faces Continued Downside Risk—More Losses Likely

Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears…

Bitcoin In The Middle Of A Decision Point, Analyst Says—Here’s Why

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An on-chain analyst has explained how Bitcoin could be in the middle of a decision point based on its supply cost basis distribution. Bitcoin Is Currently Retesting A Major Supply Cluster In a new post on X, analyst Checkmate has talked about how Bitcoin is looking based on its UTXO Realized Price Distribution (URPD). The URPD is an on-chain indicator that tells us about what part of the BTC supply was last purchased at the different price levels that the cryptocurrency has visited in its history. Below is the chart…

Latam Insights Encore: I’m Convinced: Bukele Outsmarted the IMF, Even if We Don’t Know How

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While […] Source CryptoX Portal

Florida takes strategic Bitcoin reserve bills off the table

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Two Florida crypto bills have been removed from the legislative process in the latest blow to American state-level strategic Bitcoin reserve ambitions.  Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” on May 3, according to the Florida Senate.  Florida’s legislative session adjourned on May 2 without the passage of these two bills, which would have advanced legislation to establish a crypto reserve for the state. The Senate and House agreed to extend the session until June 6 to address budget plans.  Lawmakers…

U.S. Crypto Market Structure Bill Unveiled by House Lawmakers

Crypto’s big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill on Monday that Representative French Hill, chairman of the financial-services panel, said can deliver “much-needed regulatory clarity.” “Today marks the first step in advancing a comprehensive framework that protects consumers, fosters…