Two Solana-based meme coins, MOODENG and GOAT, posted substantial gains after being added to the Binance Alpha program. MOODENG gained over 400% in the past week, reaching its highest price since January.
Binance Alpha, designed to spotlight promising early-stage tokens, has significantly boosted both projects’ visibility and trading activity.
Is Binance Alpha Ushering in a Solana Meme Coin Season?
On May 11, Binance announced a new Alpha Projects batch that included two Solana-based meme coins, MOODENG and GOAT.
Following the announcement, MOODENG surged over 60%, reaching $0.20 — its highest level since January 2025. At the same time, the meme coin’s market cap rose from under $140 million to over $180 million within hours of the announcement.
The digital asset was conceived in 2024 by Truth Terminal. This Twitter-based AI chatbot enjoyed a massive following and interest from the crypto community for its novel characteristics at the time.
Since joining Binance Alpha, GOAT’s price climbed from $0.14 to $0.17, marking a 27% gain. Over seven days, its value nearly doubled, with a $100 million increase in market cap.
These token gains have renewed attention on Solana’s meme coin scene, which had slowed after controversies such as the LIBRA token incident.
Market analysts suggest that Binance Alpha’s spotlight has brought credibility back to the space and may usher in a fresh wave of investor activity.
On May 10, Dune Analytics data shows that the Binance-linked platform reached a new high of $428.3 million in daily volume, led by tokens like Polyhedra Network’s ZKJ, BSquared Network’s B2, and SKYAI.
That trend has continued today, with the platform’s trading volume at $279 million. Notably, MOODENG and GOAT have played key roles in driving the platform’s volume today.
Cryptocurrency project World announced Wednesday it will launch its services in the United States starting tomorrow, bringing its biometric identity verification system to the country where it began.
The announcement came during the company’s “World At Last” event in San Francisco, where co-founder Sam Altman and CEO Alex Blania outlined the expansion of what they called “the largest human-centered identity and financial network.”
Biometric Verification Across America
Americans will be able to verify their “World ID” beginning in six cities — Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. The company plans to deploy 7,500 of its eye-scanning “Orb” devices across the U.S. by year’s end, quadrupling its current global deployment.
“America should lead innovation, not fight it off,” Altman said during the event. The company, founded near San Francisco’s South Park neighborhood, had previously operated in over 160 countries but not in the U.S.
World co-founder Sam Altman and CEO Alex Blania announce the company’s U.S. launch during their ‘World At Last’ event in San Francisco on April 30, 2025.
World also announced a partnership with Visa to launch a payment card that will connect to users’ World App wallets, enabling them to spend digital assets at over 150 million merchants worldwide. The World Card will offer rewards for AI-related purchases, with rewards paid directly in WLD tokens to users’ connected wallets. The card is expected to become available to U.S. users later this year.
Financial Integrations and Partnerships
In a separate financial development, the company revealed an integration with Circle to bring USDC stablecoin natively to the World Chain blockchain. The partnership will convert all existing bridged USDC held on World Chain to native USDC, which is backed by cash and cash-equivalent assets. The integration also introduces Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2) to enable faster, more cost-effective transfers across supported chains.
Other announcements included partnerships with Match Group to pilot World ID as an age verification solution for Tinder in Japan, and with Razer to implement “proof of human” verification in gaming to combat bots. The company also unveiled a DeFi lending platform called Morpho Mini App and a prediction market platform with Kalshi.
Rich Heley, who presented the Orb hardware update, announced that World will open its own assembly line in Richardson, Texas, with a U.S. manufacturer to produce Orbs not just for the American market but to help with global scale. The company also revealed plans for a miniature version of the Orb, called “Orb Mini,” that will allow for more distributed verification.
“Rich Heley, Chief Device Officer of World, showcases the new portable ‘Orb Mini’ device during World’s event “At Last” in California on April 30, 2025.
World, previously known as Worldcoin, has faced controversy over its biometric data collection practices in some countries. The company emphasizes that its verification system is designed to be privacy-preserving, with personal data remaining exclusively on users’ devices through what it calls “Personal Custody.”
The service currently has over 26 million users worldwide, with 12 million biometrically verified through its Orb scanning technology, according to company figures shared at the event.
Bitcoin (BTC) enters the second week of May trading in a fragile but critical zone, with conflicting technical signals and growing macro uncertainty shaping short-term expectations. While the ADX from the Directional Movement Index is rising, bearish pressure still dominates, and momentum remains weak across multiple indicators.
Although the price continues to hold above the $92,900 support level, weakening EMAs and the looming FOMC meeting leave Bitcoin’s $100,000 recovery path uncertain, but not out of reach.
BTC Trend Strength Rises, but Bears Still in Control
Bitcoin’s Directional Movement Index (DMI) is showing a notable shift.
The ADX, which measures the strength of a trend regardless of direction, has climbed sharply to 25.93, up from 15.97 just two days ago—crossing the key 25 threshold that signals a trend is starting to gain traction.
This rising ADX suggests that volatility is returning and a new directional move may be forming, even if the direction itself is still unclear.
Looking at the components of the DMI, +DI (bullish strength) has bounced to 12.2, up slightly from yesterday’s low of 8.67 but still down significantly from 21.31 three days ago.
Meanwhile, -DI (bearish strength) is at 19.17, slightly off its peak of 25.44 but still higher than three days ago. This indicates that although the recent bearish momentum has cooled somewhat, sellers still have the upper hand.
With ADX rising and -DI leading, Bitcoin could remain under pressure unless +DI recovers sharply in the coming days.
Bitcoin Trapped Below the Cloud as Momentum Stalls
The current Ichimoku Cloud chart for Bitcoin reflects a market in consolidation, with a slight bearish undertone. Price action is sitting very close to the blue Kijun-sen (baseline), which typically represents medium-term trend momentum.
Trading beneath this line suggests that BTC lacks the strength to reclaim bullish momentum in the short term. The white candlesticks hovering near the cloud’s lower boundary indicate indecision among traders, with no clear breakout in sight.
The green Kumo (cloud) itself is relatively thin at this stage, hinting at a fragile support zone that could easily be broken if bearish pressure returns.
Looking ahead, the red Senkou Span B—the top of the projected cloud—is acting as dynamic resistance, capping any upward attempts. For a stronger bullish signal, BTC would need to close decisively above both the Kijun-sen and the entire cloud.
Complicating matters further, the Tenkan-sen (conversion line) is flat and overlapping with the Kijun-sen, signaling weak momentum and a lack of direction. Flat Tenkan and Kijun lines often precede sideways movement or delayed trend development.
Until Bitcoin breaks convincingly above the cloud with rising volume, the current setup leans neutral to bearish, with price trapped in a zone of low conviction and limited momentum.
Bitcoin Holds Key Support as $100,000 Reclaim Hangs in the Balance
Bitcoin price has remained resilient above the $90,000 level since April 22, repeatedly holding support near $92,945 despite broader market uncertainty. The exponential moving averages (EMAs) still reflect a bullish structure, with short-term averages positioned above long-term ones.
However, there are early signs of weakening momentum, as the short-term EMAs have begun to slope downward—an indication that buyers may be losing strength soon.
If BTC fails to hold its key support, a drop toward $88,839 could follow, breaking the structure that has held for over two weeks.
Still, some analysts remain confident. Nick Purin, founder of The Coin Bureau, believes Bitcoin is well-positioned to reclaim the $100,000 mark, even as markets brace for volatility surrounding the upcoming FOMC meeting:
“It will be a volatile week. Firstly, we have the FOMC meeting tomorrow. While it’s pretty clear there will be no rate cuts, it’s what Chair Powell says that could move the markets. On top of that, trading volume is low and the long/short ratio is sitting at 50/50, which means that, yet again, BTC can swing in either direction from here. The good news is that there’s a great deal of buying interest around the $90,000-$93,000 range, so a dip to those levels is nothing to be concerned about – it will likely bounce back. And overall, the BTC/USD chart is looking strong as it continues to print higher lows.” – Purin told BeInCrypto.
Nick states how Fed next decisions could influence the market in the next months:
“If the Fed surprises with some dovish tones as well as guidance for rate cuts in June, there’s room for Bitcoin to rally all the way back up to that $100,000 level, which remains a liquidity magnet. But even if Powell strikes a hawkish tone, the impact on BTC will likely be minimal. There’s simply too much positive momentum – spot BTC ETFs are hoovering up assets, corporates are building up BTC treasuries and the correlation between Bitcoin and stocks is breaking down. On top of this, historic data shows that BTC has posted gains during nine out of the last 12 Mays. So, despite the likelihood of heightened volatility, the near future is looking promising. As such, following the old adage of ‘sell in May’ would be madness at this point.” – Purin told BeInCrypto.
A recovery in momentum could first drive BTC to retest resistance at $95,657, with a breakout potentially leading to $98,002 and eventually a challenge of the psychological $100,000 level.
With macro headwinds and technical crossroads converging this week, the next move will likely hinge on how BTC responds to its support zone and how broader market sentiment reacts to Fed commentary.
HashKey Capital has launched the HashKey XRP Tracker Fund, the first fund in Asia focused exclusively on tracking the performance of XRP.
The fund is now open to professional investors. Ripple is backing the initiative as an early investor.
Institutional Interest in XRP Investment Continues to Grow
According to HashKey, XRP offers a faster and more cost-effective alternative to traditional cross-border payment systems. The new tracker fund aligns with HashKey Capital’s goal of connecting conventional finance with digital asset markets.
The fund allows investors to subscribe using either cash or in-kind contributions. Investors can redeem or subscribe to shares on a monthly basis.
CF Benchmarks, known for its role in global ETF markets, will provide the fund’s benchmark.
“XRP stands out as one of the most innovative cryptocurrencies in today’s market, attracting global enterprises who use it to transact, tokenize, and store value. With the first XRP Tracker Fund available in the region, we simplify access to XRP, catering to the demand for investment opportunities in the very best digital assets,” said Vivien Wong, Partner at HashKey Capital.
Meanwhile, XRP continues to gain traction with institutional investors. Standard Chartered recently forecast that XRP could surpass Ethereum by 2028, citing increased demand for efficient cross-border payment solutions and growing disruption in global trade.
“XRP is uniquely positioned at the heart of one of the fastest-growing uses for digital assets – facilitation of cross-border and cross-currency payments. In this way, XRPL is similar to the main use case for stablecoins such as Tether. This stablecoin use has grown 50% annually over the past two years, and we expect stablecoin transactions to increase 10x over the next four years. We think this bodes well for XRPL’s throughput growth, given the similar use cases for stablecoins and XRPL,” Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, told BeInCrypto.
Interest in XRP ETFs is also increasing. Teucrium Investment Advisors recently received NYSE Arca approval for the Teucrium 2x Long Daily XRP ETF (XXRP), the first leveraged XRP ETF in the United States.
Also, attention is now turning to spot XRP ETFs. Grayscale and 21Shares are both awaiting decisions from the SEC on their XRP-based products.
The SEC has up to 240 days to review the Grayscale XRP Trust and the 21Shares Core XRP Trust, with final deadlines set for October 18 and 19, 2025.
XRP’s price has declined by nearly 20% over the past month, but institutional confidence remains high.
