Ripple’s XRP has managed a 3% price increase over the past week, in line with the broader crypto market rally that has lifted several major coins.
However, despite the bullish momentum, a key technical indicator is flashing a warning signal that could undermine XRP’s recent gains.
XRP’s Rally on Thin Ice
XRP’s Chaikin Money Flow (CMF)—an indicator that measures the volume-weighted flow of money into and out of an asset—has been trending downward even as the token’s price has continued to rise. This momentum indicator is currently at 0.03 and trending toward the center line.
The trend forms a bearish divergence between XRP’s price action and CMF, a warning sign of weakening momentum. Typically, the CMF tracks the flow of capital into an asset, so when it declines while prices rise, it suggests that the rally lacks solid support from sustained demand.
In other words, XRP traders may be buying based on short-term hype rather than long-term conviction. This means its recent gains are vulnerable to being erased, especially if broader market sentiment shifts or profit-taking sets in.
Further, the altcoin’s negative Balance of Power (BoP) supports this bearish outlook. As of this writing, the indicator is at -0.76, highlighting the weakening demand for XRP.
When an asset’s BoP is negative like this, sellers exert more influence over price action than buyers. It is a bearish signal that indicates further downside pressure on XRP if the trend continues.
XRP Faces Crucial Test at $2 Support
XRP currently trades at $2.18, holding above support formed at $2.03. If demand weakens further, XRP bulls might be unable to defend this support level, causing the altcoin to fall back below $2, to trade at $1.61.
However, a resurgence in new demand for XRP will invalidate this bearish outlook. In that scenario, its price could rally to $2.29 and charge toward $2.50.
Token2049 Dubai will host the most influential players in the blockchain space. Among them, Meta Earth stands out as the rising unicorn in the modular blockchain sector, being the only modular blockchain project among the title and platinum sponsors. Within just a year, its public testing has already attracted over 1 million users, with nearly 600,000 completing KYC verification. Meta Earth is bringing more than $1 million in prizes to the event, but the highlight will undoubtedly be its Official Launch Event, attended by over 300+ KOLs and top-tier media.
Meta Earth Official Launch Event
Date: May 1, 2025, 16:00 – 19:30
Location: Address Sky View – Dubai
Following the Explorer’s Tour global public testing event last April, Meta Earth returns to center stage with its most significant milestone yet—the transition from ME Network v1.0 to the fully modular ME Network v2.0. This event will unveil groundbreaking technological advancements, an expansive global community, and a well-structured ecosystem, marking the beginning of a new era for Meta Earth.
As a leader in Web3 innovation, Meta Earth will use this event to present the core innovations of ME Network v2.0, global strategic plans, major airdrop campaigns, and the future ecosystem roadmap. Additionally, it will dive deep into the modular blockchain sector and its immense opportunities.
This is not just an industry-leading event—it is an exploration into the future of decentralized value!
1. Airdrop Rewards & $1,000 Mystery Grand Prizes Await!
This event is not just a global spectacle—it’s the annual celebration of the Meta Earth community! To ensure every attendee walks away with value, Meta Earth is launching an exclusive airdrop campaign with thrilling rewards. More importantly, there will be an on-site exclusive giveaway—1,000 mystery prizes each worth over $1,000！
Simply by attending, you can unlock your exclusive airdrop and stand a chance to win thousands of dollars in rewards. Every participating community member is guaranteed to walk away with prizes far beyond expectations!
2. The World’s Leading Web3 Resources Converge—Seize the Future First!
The Meta Earth Official Launch Event will be the most high-profile gathering in the industry, bringing together over 100 top-tier media outlets and 300+ leading KOLs, industry veterans, and blockchain pioneers. The most influential voices in the space will meet here, where capital, technology, and ecosystem builders will exchange ideas and propel the future of Web3 forward.
For attendees, this is a rare chance to step into the industry’s inner circle, engage directly with top-tier institutions and Web3 visionaries, expand their perspectives, and gain deep insights into emerging trends and opportunities.
3. Exclusive Face-to-Face with the Core Team—Get Ahead in the Meta Earth Ecosystem
Meta Earth’s founding team will personally attend, providing an unfiltered and exclusive experience to meet and engage with the visionaries behind the project.
Meta Earth Founder will unveil the untold stories behind the project’s inception and share insights into the team’s mission and long-term strategy.
Meta Earth CSO will outline the project’s evolution, community growth, and ecosystem expansion—potentially revealing major future airdrop campaigns.
Meta Earth CTO will provide a deep-dive into the technical framework and the roadmap for Meta Earth’s continued innovation.
Attendees will gain first-hand insights into Meta Earth’s background, technology, ecosystem, and market strategy, while also securing early access to upcoming airdrop programs and exclusive incentives—getting ahead of the market and strategically positioning themselves for future opportunities.
For those looking to deeply engage with Meta Earth and unlock its potential value, this launch event is a once-in-a-lifetime opportunity.
4. Leading the Modular Blockchain Era—Unstoppable Growth Momentum!
In just a few months, Meta Earth’s ME ID on-chain verified users have reached around 600,000with nodes deployed across 40+ countries and a rapidly growing network of 100+ global ambassadors—demonstrating unparalleled market recognition and adoption.
This exponential growth stems from Meta Earth’s technological superiority in the blockchain sector and its innovative economic model. As the modular blockchain approach becomes the industry’s technological cornerstone, Meta Earth has already taken the lead by integrating highly scalable modular blockchain solutions, drastically improving network performance, reducing user costs, and establishing a solid foundation for mass adoption and commercial applications.
Moreover, Meta Earth has developed ME ID—the world’s only fully KYC-based decentralized identity system, ensuring that every user is verified and directly connected to a real-world identity. This creates a fully compliant, real-user-based network, making Meta Earth the industry’s most sustainable ecosystem.
ME ID is not just an identity verification system—it is a gateway to continuous value creation. Users who complete KYC verification will permanently receive basic income, daily check-in rewards, monthly dividends, referral incentives, and node staking rewards, ensuring that everyone can participate and benefit from the Meta Earth ecosystem.
With technological innovation, a real-user economy, token incentives, and regulatory compliance, Meta Earth is set to become the most promising leader in the modular blockchain sector.
5. A Dual Mega Event—Ushering in a New Era for Web3!
This official launch event is not just a major technology and ecosystem milestone—it is a defining moment in Meta Earth’s global community expansion.
As a Platinum Sponsor of TOKEN2049 Dubai, Meta Earth will first make its grand appearance on April 30 with a high-profile booth exhibition, providing opportunities for deep discussions with global blockchain leaders. On May 1, Meta Earth will officially unveil its cutting-edge technology, ecosystem expansion plans, major airdrop policies, and future strategies at its grand launch event.
The Web3 revolution is here, and we are on the brink of witnessing the rise of Meta Earth as a foundational modular blockchain infrastructure with global-scale adoption.
Join Meta Earth at Token2049 Dubai and claim your place in the future of Web3!
The website of Curve Finance, a major decentralized finance (DeFi) protocol, has reportedly been hacked.
The team posted an urgent alert on X (formerly Twitter), advising users not to interact with the platform. While details remain vague, the protocol has potentially suffered a DNS hijack.
Curve Finance Hacked – What We Know So Far
The incident has reportedly impacted multiple DeFi projects. Convex Finance and Resupply, both of which rely on Curve’s data feeds, reported outages and functionality issues.
Both teams confirmed their own platforms remain secure, but dependent services are disrupted until Curve’s domain is restored.
Convex’s website uses data from Curve, and Curve’s domain name is currently suffering an attack. As a result, this data is currently unavailable, which negatively impacts most of Convex’s website. Convex’s website is safe but will not work correctly until Curve’s domain name… https://t.co/d4npGmMgyn
DNS hijacking is a type of cyberattack where attackers manipulate the Domain Name System to redirect users to malicious sites. In this case, attackers could trick users into interacting with fraudulent versions of Curve’s platform.
Security experts and users have flagged this as a strong reminder of the risks associated with DeFi frontends. Unlike decentralized smart contracts, web frontends remain vulnerable to traditional attacks such as DNS hijacking.
Projects linked to Curve, including Convex, have emphasized that while their backends are unaffected, users should avoid signing transactions or interacting with dApps tied to Curve during this period.
While all smart contracts are safe, the domain name points to a malicious site which can drain your wallet!
We are investigating and working on recovering the access.
Curve Finance said it is working with affected partners to resolve the issue. As the investigation continues, further updates are expected.
This situation highlights the need for DeFi protocols to focus more heavily on frontend security. Recent DeFi hacks reflect that the front end remains an exposed vector despite decentralized architectures.
The long-debated bipartisan GENIUS Act—set to establish the United States’ first comprehensive federal framework for stablecoin regulation—may pass the Senate as soon as Wednesday, June 11.
This timeline comes after Senate Majority Whip John Thune filed cloture today on Amendment #2307. This is a key bipartisan substitute to the original bill (S.1582), and on the bill itself.
Next Steps for the GENIUS Act
Cloture, a procedural tool used to limit debate and force a final vote, allows 30 hours of focused Senate debate. Barring procedural delays, the chamber is expected to hold final votes on both the amendment and the underlying legislation by midweek.
Senate insiders familiar with the matter told BeInCrypto that Wednesday is the likely window for final passage, assuming no objections derail the schedule.
The cloture filings from Thune mark the final stage in the Senate’s effort to advance the GENIUS Act. Under Senate rules, the 30-hour clock for debate began ticking immediately after cloture was invoked.
So, this sets up a vote window by Wednesday. The bill requires 60 votes to overcome the filibuster and move to a final vote.
NEW: @LeaderJohnThune has filed cloture on both the bipartisan amendment to GENIUS Act and the full bill. Votes on cloture will occur this week. Again, these votes will need 60 votes to move to final passage. https://t.co/uxFBV84Lel
This follows significant bipartisan cooperation led by Senators Bill Hagerty, Kirsten Gillibrand, Cynthia Lummis, and Chris Van Hollen.
The Hagerty amendment (#2307) serves as a negotiated substitute, integrating several compromise provisions aimed at increasing support across both parties.
Key Amendments and Negotiations
Amendment #2307 reshaped the bill substantially to meet demands from both the banking sector and digital asset firms:
State vs. Federal Oversight: The amendment allows stablecoin issuers under $10 billion in market cap to opt into a state-based regulatory regime. Issuers above that threshold would fall under a federal supervisory framework.
Reserve and Transparency Requirements: Issuers must maintain 1:1 backing with US dollars or highly liquid short-term assets such as Treasury bills. Monthly attestations and public disclosures are mandated to ensure solvency and consumer protection.
Ban on Interest-Yielding Stablecoins: In response to lobbying from the banking sector, the bill includes a ban on yield-generating stablecoins that might compete with traditional deposits. This was among the most debated provisions.
Restrictions on Foreign Stablecoins: The amendment limits the circulation of foreign-issued stablecoins in the US market without equivalent regulatory oversight, citing national security concerns.
Executive Restrictions: A clause restricts executive branch members, including the president, from issuing or endorsing a national stablecoin, reinforcing Congressional authority over monetary innovation.
The GENIUS Act is going to propel America’s payment system into the 21st century. Let’s get it done! pic.twitter.com/mIGpocZmUs
— Senator Bill Hagerty (@SenatorHagerty) June 4, 2025
What Happens After the Vote?
If the cloture vote clears the 60-vote threshold—likely, given prior bipartisan momentum—the Senate will proceed to a final vote on the Hagerty substitute and then on the GENIUS Act in full.
Once passed, the bill heads to the House, where a parallel effort—the STABLE Act—is gaining traction. Lawmakers will need to reconcile both versions in conference before sending a unified bill to the President’s desk.
Sources close to the House Financial Services Committee suggest alignment on most key principles.
However, details like custody rules and state preemption may still spark negotiations.
NEW: