The top 220 $TRUMP holders by May 12 will be eligible for the Gala dinner at the Trump National Golf Club in Washington D.C.
On-chain data shows a renewed interest in $TRUMP memecoin amid an ongoing crypto bullish outlook.
The President of the United States Donald Trump will host an exclusive dinner for the top 220 holders of the Official Trump ($TRUMP) memecoin next month. According to the announcement, President Trump will host a crypto dinner in Washington D.C. on May 22, 2025.
To select the lucky few, a real-time leaderboard was unveiled on Wednesday, where users can register and compete for the top 220 positions. Furthermore, the $TRUMP leaderboard will end by May 12, with the top 25 holders earning a VIP reception with the president and a special tour of the White House.
“This is 100% real. Details about the $TRUMP Gala Dinner will be posted on the official $TRUMP website and shared across all verified $TRUMP social media channels,” the announcement noted.
Whale Investors Scramble for $TRUMP Memecoin
Following the announcement of the Trump Gala dinner, on-chain data showed a sharp uptick in whale activity seeking to accumulate the TRUMP memecoin. For instance, Lookonchain spotted a whale investor who spent $5 million to purchase 407,467 TRUMP tokens at about $12.27.
However, some investors sold their TRUMP tokens before the announcement, thus missing out on the palpable gains.
Nevertheless, the FOMO triggered by the Trump dinner news will catalyze more bullish sentiment and attract more investors in the near term.
Market Picture
The $TRUMP memecoin rallied more than 70 percent in the past 24 hours to trade at about $13.65 at the time of this writing. The mid-cap Solana-based memecoin, with a fully diluted valuation of about $13.5 billion, recorded a 400 percent surge in its 24-hour average trading volume to hover around $3 billion at the time of this writing.
Following the notable TRUMP price rebound in the past two weeks, it is safe to say that the memecoin has possibly kickstarted a fresh bull rally. Moreover, the four-hour Relative Strength Index (RSI) has been forming a bullish divergence and spiked above the 70 percent level for the first time in 2025.
Additionally, the four-hour MACD indicator has already flipped bullish after multi-weeks of signaling bearish sentiment.
In many retail stores today, frustrated customers often ask, “Do you accept crypto?” only to hear, “Not yet.” This daily encounter reflects a growing demand among consumers eager to use digital assets in real-world purchases.
The gap between rising crypto adoption and traditional payment systems is evident. Yet, SpacePay, a fintech startup based in London, is stepping in with a practical solution. Backed by global investors, SpacePay is quietly changing how merchants and customers engage with payments.
The platform offers a fast, familiar way to accept crypto, making digital payments as effortless as card transactions. This integration is not theoretical, it’s available now, built for Android POS systems, and crafted to remove all the friction retailers fear.
Practical Payments Built for the Real World
SpacePay has built its payment infrastructure with compatibility and user experience at its core. Designed for all Android POS terminals, the system upgrades existing devices without requiring any new hardware.
Through a lightweight APK, SpacePay enables instant crypto payments while shielding merchants from price volatility. This ensures retailers receive funds in their local currency, even if customers pay in cryptocurrency.
The process is simple: a customer scans a QR code, pays with any of over 325 supported wallets, and the merchant receives an immediate settlement in fiat. With no learning curve and no disruption to the checkout process, SpacePay functions as a direct substitute for credit card networks.
Transaction efficiency also brings economic benefits. Merchants only pay a 0.5% fee per transaction, compared to traditional card fees. SpacePay’s approach supports faster payments, eliminates delays in fund access, and helps businesses manage crypto risk with automatic real-time conversions.
A Presale Surge and Plans for Sustainable Growth
SpacePay is in its presale phase, and the project has drawn great interest from the broader crypto community.
According to website data, the presale has already surpassed $1 million in raised capital. Tokens are currently offered at $0.003181, providing early supporters a chance to join the project before its broader public rollout.
Users can link wallets such as MetaMask to the platform’s web widget to purchase $SPY coins. Credit and debit card choices are offered, and supported currencies include ETH, BNB, MATIC, AVAX, USDC, USDT, and BASE. Once connected, users can swap their assets for $SPY directly on the site, with transaction authorization handled within their wallet.
The project has confirmed that the Token Generation Event (TGE), initially anticipated earlier, is now rescheduled to Q2 2025. In a detailed statement shared on X, SpacePay addressed the shift:
“After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important decision to reschedule our TGE to Q2 2025,” SpacePay stated. The team emphasized that the token launch is a one-time opportunity that must be perfectly executed.
Dear SpacePay Community,
First and foremost, we want to express our deepest gratitude for your unwavering support.
It’s because of you that we’re here today.
After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important…
SpacePay pointed to several reasons behind the decision. These include securing tier-1 launchpad listings and finalizing key partnerships. The team also cited market conditions, noting that poorly timed launches have underperformed, making timing and liquidity essential factors in achieving long-term adoption.
The announcement concluded with a message from founder Maxwell Bunting, who invited the community to an AMA session hosted in their official Telegram group. The team remains focused on preparing for a milestone debut while building infrastructure for scalable success.
Unlocking New Avenues for Merchants and Consumers
SpacePay’s value proposition extends beyond payments. The platform seeks to enhance customer experiences in-store while providing merchants access to a larger pool of digital asset holders.
With over 400 million crypto users worldwide, businesses can expand their reach by accepting digital currencies. What makes this model different is its focus on functionality and merchant protection.
SpacePay removes two of the biggest concerns retailers face by offering instant settlements and volatility shields. Besides, businesses gain the ability to accept crypto without exposing themselves to its price swings.
Additionally, SpacePay’s NFC-enabled system introduces secure, contactless transactions through Near Field Communication technology.
The system uses AES for data protection, ensuring user security during every transaction. SpacePay lowers the risk of fraud and counterfeiting with features like device verification and two-factor authentication.
Customers enjoy a flawless experience thanks to these security features, and shops feel more secure accepting digital payments. Digital assets can be spent in the same way as cash or credit cards because of the smooth process from QR scanning to final authorization.
A Token Built on Utility and Community Governance
Beyond payments, the $SPY token is designed to support the ecosystem’s utility and governance. Token holders can participate in governance decisions, such as voting on new features and strategic directions.
Those holding $SPY also gain early access to new features, services, and products.
SpacePay issues monthly loyalty airdrops to reward long-term supporters and drive continued engagement. Through a revenue-sharing model, token holders may benefit from the platform’s overall success, aligning financial incentives with adoption goals.
Importantly, SpacePay’s decentralized structure enables trust and transparency. Operating without a central authority, the platform empowers users and merchants while fostering open financial systems.
SpacePay organizes interactions with its audience through quarterly webinars in addition to its technical capabilities. During these friendly get-togethers, anyone who owns tokens can ask questions, hear the latest news about the project, and talk directly with the team members.
The team also matches charitable donations made in $SPY, adding a layer of social responsibility to the token utility. Visit the official presale page to get your SPY tokens today.
The post Crypto at Checkout: How SpacePay is Simplifying Payments for Merchants and Users appeared first on Coinpedia Fintech News
In many retail stores today, frustrated customers often ask, “Do you accept crypto?” only to hear, “Not yet.” This daily encounter reflects a growing demand among consumers eager to use digital assets in real-world purchases. The gap between rising crypto adoption and traditional payment systems is evident. Yet, SpacePay, a fintech startup based in London, …
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Bitcoin price rally halted at $97,800 on Saturday, as markets reacted to a major update in Arizona state’s cryptocurrency reserve adoption.
Arizona State Governor Vetoes Against Bitcoin Reserve Bill After Congress Approval
Bitcoin’s upward momentum faced unexpected headwinds this week following a political setback in Arizona. Governor Katie Hobbs formally vetoed Senate Bill 1025, which sought to allow the state to invest public funds in Bitcoin.
This move came just days after the bill passed the Arizona House, signaling bipartisan momentum toward crypto adoption at the state level.
Arizona State Governor Vetoes Against Crypto Reserve Bill, May 2, 2025
Citing fiduciary risk, Hobbs emphasized that Arizona’s retirement system remains one of the nation’s strongest precisely because it avoids “untested” assets like virtual currency.
This development aligns Arizona with several other states, Oklahoma, Montana, and Wyoming, where similar crypto bills have faltered.
The bill had proposed establishing a Digital Assets Strategic Reserve using seized state funds and upto 10% of the state Treasury.
Hobbs’ veto marks a significant reversal, especially as the state legislature had edged closer to positioning Arizona as the first U.S. state to adopt Bitcoin as a reserve asset.
Looking forward, another related proposal, SB1373, still awaits a final vote and may reopen the conversation if it garners enough legislative support.
Bitcoin Price Hits Sell-Wall at $98,000, as Short-Traders Cluster $1.2B Leverage
BTC price posted a strong performance through the week, climbing to new 70-day highs at $97,800 early Saturday before retracing toward $96,700.
The timing of the pullback, which closely followed Governor Hobbs’ veto, appears to have introduced caution among traders and short-term holders.
Data from Coinglass’ Liquidation Map reveals a dense cluster of short positions at the $98,000 mark, where bears have placed roughly $1.2 billion in leveraged bets.
The liquidation map visually highlights where significant liquidations may occur if price moves strongly in either direction.
Bitcoin Liquidation Map, May 3, 2025 | Source: Coinglass
While bulls control a dominant $7.45 billion in long positions, only $4.42 billion sits on the short side. However, nearly 25% of the total short leverage is focused precisely at $98,000, suggesting that bears are using Arizona’s regulatory rejection as a catalyst to test upside resistance.
Despite this, bulls still hold a $3 billion advantage, suggesting a strong defense could emerge around support levels, particularly near $96,000, where previous consolidation zones have formed.
Looking Ahead: Tempered Weekend Action Ahead for Bitcoin Price Forecast
With Arizona’s veto introduces fresh regulatory skepticm, it could weaken institutional demand over the weekend as markets await further clarity.
The presence of $1.2 billion in short positions clustered at $98,200 creates a psychological and technical ceiling, dampening momentum toward a $100,000 breakout.
Bitcoin price action, May 3, 2025 | Source: Coingecko
For Bitcoin to advance towards the $100,000 bullish BTC price forecast trajectory, a decisive move above this short cluster is required, potentially triggered by renewed institutional accumulation or fresh policy tailwinds.
Until then, Bitcoin price action could be limited within the $96,000–$98,000 range, if weekend activity subsides as predicted.
Bitcoin Price Forecast Today: Rangebound Between $96,000 and $98,000 Amid Waning Momentum
Bitcoin price forecast today suggests a tempered and cautious stance, with momentum visibly slowing just below the $98,000 mark.
The daily chart shows BTC consolidating after a strong run, but the reluctance to breach upper resistance near the Bollinger Band’s top at $100,736 reflects rising overhead pressure.
On the positive side, BTC price remains above the 20-day moving average, at $90,813, but the tightening bands signal reduced volatility and a potential pause in upward extension.
Bitcoin Price Forecast Today
The BBP indicator, though still in positive territory at 5,647, has flattened, reflecting a moderation in buying pressure.
Meanwhile, the MACD lines remain in a bullish crossover, but the histogram bars are shortening—implying weakening bullish momentum.
This raises the possibility of a sideways drift over the weekend unless another significant market catalyst revives institutional interest
Bitcoin price forecast today leans cautious as long as price action remains boxed between $96,000 support and $98,200 resistance.
A decisive break above $98,200 would invalidate the consolidation thesis, while a drop below $96,000 could open downside toward $92,000. For now, the technicals call for restraint until clearer direction emerges
