James Wynn is urging cryptocurrency traders to invest in Solana memecoin Moonpig, predicting that the market capitalization will rise by 2,600%. After a week of heavy losses, the high-risk perps trader is targeting a “trade of the century” for the history books. James Wynn Endorses Moonpig, Eyes 2,600% Memecoin Rally High-risk cryptocurrency trader James Wynn is turning his gaze toward memecoins, shilling Moonpig to investors. In an X post, James Wynn described the Solana-based Moonpig as “anti-cabal” and “anti-farm”, urging investors to buy and hold the memecoin. $moonpig is anti-cabal anti-farm. If it wasn’t, it would never have ran to $120mmc completely organically without any paid KOLs. It’s currently chilling at a $37mmc. With $14.6m on chain volume and multiple exchange listings: @HTX_Global @MEXC_Official @LBank_Exchange… — James Wynn (@JamesWynnReal) May 31, 2025 Wynn argues that Moonpig stands apart from its peers with the high-risk trader citing its meteoric growth in… Read More at Coingape.com
The Federal Reserve, FDIC, and Office of the Comptroller of the Currency have jointly issued new guidance on how U.S. banks should approach crypto custody services. The statement is aimed at banks already involved or considering involvement in holding crypto-assets for customers. Banks Must Meet Strict Standards Before Offering Crypto Custody Services The statement restates
A dip in overall crypto trading activity last week sent Hedera’s native token, HBAR, tumbling to a 30-day low of $0.16 on May 31. Although the token has managed to climb around 3% over the past 24 hours, the recovery may not mark a true bullish reversal.
Technical indicators suggest the rebound may be a classic dead cat bounce—a temporary relief in a prevailing downtrend. This analysis explains why this may be the case.
Hedera dropped over 10% in the past week, facing the worst loss among the top 10 made in USA coins.
HBAR’s steady decline over the past week has pushed the token’s price below its 20-day exponential moving average (EMA). This breakdown confirms the presence of strong selling pressure among spot market participants.
The 20-day EMA measures an asset’s average trading price over the past 20 trading days, giving weight to recent price changes.
When an asset falls below this key moving average, it signals a shift in short-term momentum from bullish to bearish. This breach typically suggests that recent selling pressure in the market outweighs buying interest, potentially triggering further downside.
Therefore, for HBAR, slipping below this key support level reinforces bearish sentiment and increases the likelihood of continued price weakness.
Further, the token’s Elder-Ray Index, which measures the strength of its bulls against the bears, shows continued dominance by sellers. The indicator’s red histogram bars remain below the zero line, printing -0.028 at press time.
The indicator has persistently returned negative values since May 24, highlighting a lack of bullish power even during the recent price uptick.
Can Bulls Save HBAR? Price Eyes Critical Support at $0.153
HBAR currently trades at $0.168, with its 20-day EMA forming a dynamic resistance above it at $0.184. This suggests that any uptrend may face strong rejection unless buying momentum strengthens significantly.
Without a strong demand for HBAR, it could resume its decline and fall toward the support floor at $0.153. Should the bulls fail to defend this level, the price fall could deepen to reach $0.124.
However, a resurgence in buying pressure will invalidate this bearish outlook. The token’s price could climb above the 20-day EMA to trade at $0.19 in that scenario.
A recent social media post from Senator Bill Hagerty has provided a deeper insight into The GENIUS Act, which many also refer to as the stablecoin bill. This proposed legislation, according to the Senator, aims to modernize and strengthen the United States’ financial infrastructure. Stablecoin Bill Will Boost Payment Efficiency and US Dollar Dominance At its core, the GENIUS Act seeks to propel America’s payment system into the 21st century. It means that the country wants to modernize its approach to payments by including new technology or making existing methods more efficient. By passing the stablecoin bill, people and businesses can have safer, quicker and smoother financial activities. This updated system would tackle restrictions such as slow payments, costlier transactions and problems from cyber criminals using outdated technology. The listing of the RLUSD stablecoin on its fourth crypto exchange is an example of the rapid adoption of these cryptocurrencies. A… Read More at Coingape.com
