Author: Monicah W

XRP’s price rose by 10% in the last 24 hours, reaching $2.6 and pushing its market cap to $152 billion. According to CoinMarketCap, this surge allowed XRP to reclaim the third-largest spot among all cryptocurrencies, overtaking Tether (USDT), whose market cap recently touched $150 billion.

XRP Market Cap Passes Tether’s USDT

XRP price trend amid  US-China trade talks has brought it back to levels not seen since March 6. This move placed it ahead of Tether (USDT) in the overall cryptocurrency market rankings. XRP now trails only Bitcoin and Ethereum by market capitalization according to Santiment data.

CoinMarketCap data confirmed that XRP’s current valuation reflects renewed investor interest and wider adoption. Meanwhile, USDT also reached a new milestone, recording a $150 billion market cap. However, its role as a stablecoin limits price movement compared to XRP.

Traders are watching the $2.69 level closely. This point is the 0.236 Fibonacci retracement from XRP’s all-time high of $3.84, set in January 2018. Analysts say a clean break above this level could push prices further toward the $3 mark.

Whats Behind the XRP Price Rally?

Multiple factors have driven XRP’s rise, including favorable policy news and wider utility. According to Santiment, one driver was House Bill 594 in Missouri. This proposed bill would allow full income tax deductions on capital gains, including profits from Bitcoin and XRP.

Santiment has also reported an 11% increase in XRP holders since the beginning of 2025 hinting it would hit the highest in the last 12 year. This suggests growing retail interest and broader participation. Furthermore, XRP was recently added as a payment option on Travala.com, a travel booking platform that accepts various cryptocurrencies.

This expansion of real-world use cases may be supporting long-term demand. Market analysts said the price rally has occurred despite a low momentum environment, indicating sustained interest rather than short-term speculation.

Ripple Lawsuit to Boost XRP to Flip ETH?

Ripple’s legal situation with the U.S. Securities and Exchange Commission (SEC) remains in the spotlight. Last Friday, Ripple and the SEC filed a joint motion to settle their long-running legal dispute for $50 million.

The proposed deal, still subject to court approval, would let Ripple regain $125 million currently held in escrow. It would also keep the court’s earlier decision on XRP’s sales. This settlement may reduce uncertainty around XRP and support investor confidence.

In addition, Ripple has been making moves to grow its presence in institutional finance. The company has expanded through acquisitions and new partnerships. These efforts aim to position XRP and its network as a tool for cross-border payments and stablecoin infrastructure eventually threatening even to flip Ethereum too.

XRP Price Market Sentiment and Technical Analysis

According to CasiTrades, XRP is nearing the $2.69 resistance level with bulls defending the key support levels. This level is seen as critical for establishing a path toward $3 or signaling a temporary pullback.

“Price is now pushing above $2.64 and rapidly reaching the major $2.69 resistance,” CasiTrades noted. They added that breaking and holding above this level could lead to further gains.

Dark Defender, another analyst, mentioned that XRP had reached levels predicted in prior analyses. “XRP was around $2.45, and we expected a jump to $2.58 and a Wave 4 toward the same level,” he shared.

Data according to Coinglass also shows a rise in trading activity. Derivatives volume surged by 172%, reaching $18.95 billion while the open interest climbed by 15.37%, showing that traders are actively placing bets on future price moves.

The post XRP Flips Tether’s USDT By Market Cap Reclaiming 3rd Spot, Price Rally To $3? appeared first on CoinGape.

New York is mirroring the United States’ embrace of Bitcoin to unfurl its ambitions to become the crypto capital of the world. NYC Mayor Eric Adams is at the center of the Bitcoin push, taking swipes at critics while confirming the city’s first-ever Crypto Summit.

New York’s Mayor Unveils Ambitious Bitcoin And Cryptocurrency Plans For The City

While the US is steamrolling toward a warm embrace of Bitcoin, New York City is keen on matching the pace of the Trump-led administration. NYC Mayor Eric Adams revealed in a press conference that the city has ambitious plans to be the cryptocurrency capital of the world.

Adams is urging service providers in the cryptocurrency space to turn their gaze to New York and set up shop in the Empire State. In his press statement, Adams expressed a long-term commitment to cryptocurrencies and their underlying technology while highlighting the benefits for residents. Adams is luring crypto firms with a pledge to create a friendly regulatory landscape in New York, hinting at passing a Bitcoin Reserve Bill akin to New Hampshire.

“We should be looking forward to building empires, particularly in the crypto space,” said Eric Adams. “My goal remains the same as it was on day one as mayor: making New York City the crypto capital of the globe.”

Adam’s affinity for cryptocurrencies is not a bolt from the blue, with the NYC mayor famously advocating for Bitcoin back in 2021. With BTC price exceeding $105K and the US setting a Strategic Bitcoin Reserve, the NYC Mayor teased critics by asking, “Who is laughing now?”

A First-Ever Crypto Summit For NYC, But The NYDFS May Derail Plans

In a similar fashion to the White House Digital Asset Summit, NYC Mayor Eric Adams says the city will host its inaugural Crypto Summit. Scheduled for next week, the conference will feature representatives of cryptocurrency firms, regulators, and city officials to chart a new path for the city.

The summit will feature keynote addresses revolving around the viability of a state-owned Strategic Bitcoin Reserve and a new licensing regime for crypto firms. Despite the ambitious plans, critics say the New York Department of Financial Services (NYDFS) may stifle the city’s cryptocurrency ambitions..

The NYDFS has earned a name as a strict regulator, famed for its watertight Bitlicense for potential cryptocurrency service providers. To make substantial progress with Bitcoin and cryptocurrencies, the NYDFS will be required to relax its tough rules, but Adams hails the regulators’ tough stance as a win-win for New York.

“It’s good to know that the city is going to have safe regulations in place for those who are investing, and there’s not going to be any abuses,” said Adams.

New York’s bid to revolutionize its digital asset landscape comes in the middle of a seismic rally that sees Bitcoin and other cryptocurrencies as altcoin season gathers steam.

The post “Who Is Laughing Now” – New York City Mayor Endorses Bitcoin Ahead Of Crypto Summit appeared first on CoinGape.

The post SEC Chair Atkins Unveils Crypto Reform Plan to Tackle Regulatory Challenges appeared first on Coinpedia Fintech News

SEC Chair Paul Atkins has pledged to reshape crypto regulation, promising clear rules for asset issuance, custody, and trading. Speaking at the SEC’s crypto roundtable, he criticized past enforcement-led tactics. While Atkins pushed for reform, Commissioner Crenshaw urged caution, and Commissioner Uyeda pointed to tokenization’s potential for market efficiency.

Atkins Vows Clear Crypto Guidelines

New SEC Chair Paul Atkins said on Monday that the agency is making big changes in how it handles cryptocurrency. He shared plans for setting clear rules around how crypto assets are issued and stored, calling it a “new day” for the SEC.

Atkins, who was appointed by President Donald Trump, explained the changes during the SEC’s latest crypto task force roundtable.

He said, “A key priority of my chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for issuance custody and trading of crypto assets while continuing to discourage Bad actors from violating the law.”

Atkins made it clear that the SEC’s existing rules don’t work well with blockchain. He didn’t hold back in criticizing how the agency handled crypto in the past, saying, “First, they buried their heads in the sand, hoping crypto would go away. Then, they shifted to a shoot-first, ask-questions-later style of enforcement.”

Because of this confusion, many companies have been left unsure about how to follow the law when issuing crypto assets. Atkins said it’s time for clear rules that actually make sense for blockchain and new technology.

Atkins Targets Crypto Custody Rules and Urges Overhaul

Atkins called crypto custody one of the biggest regulatory issues and criticized SAB 121 as a major mistake that confused the market. He argued the SEC had overstepped and pushed for rules that support self-custody, which often offers stronger security than traditional methods.

Also read: Top Altcoins Poised for a 10x Rally as Bitcoin Nears All-Time High

Atkins suggested updating custody rules to let advisors and funds self-custody assets when appropriate and replacing the current broker-dealer framework with something more practical.

He also pushed for modernizing crypto trading rules, allowing platforms to handle both securities and non-securities, and revamping ATS regulations to better fit digital assets. “We cannot encourage innovation by forcing companies offshore,” he warned, calling for smart regulatory exemptions to keep U.S. firms competitive.

On the other hand, commissioner Caroline Crenshaw urged caution on tokenization, warning that the concept is often misunderstood or misapplied. She called on the industry to clearly define whether tokenization refers to digital versions of existing assets or a completely new trading system.

Crenshaw highlighted that any innovation must be thoroughly tested and truly useful, not just driven by market hype. She also stressed the SEC’s duty to protect all investors, regardless of how advanced the technology appears.

In contrast, Commissioner Mark Uyeda pointed to the benefits of tokenization. He said it could boost market efficiency through smart contracts and improved liquidity.

The post SEC Chair Atkins Unveils Crypto Reform Plan to Tackle Regulatory Challenges appeared first on Coinpedia Fintech News
SEC Chair Paul Atkins has pledged to reshape crypto regulation, promising clear rules for asset issuance, custody, and trading. Speaking at the SEC’s crypto roundtable, he criticized past enforcement-led tactics. While Atkins pushed for reform, Commissioner Crenshaw urged caution, and Commissioner Uyeda pointed to tokenization’s potential for market efficiency. Atkins Vows Clear Crypto Guidelines New …

The post Bitcoin Supply Shock Incoming: Nakamoto Holdings and KindlyMD Merges With $710M to Form a BTC Treasury Vehicle appeared first on Coinpedia Fintech News

• The supply of Bitcoin on centralized exchanges has exponentially declined in the past few years.

• Technical analysis suggests the onset of a BTC price parabolic rally in the next few months.

The Bitcoin (BTC) market has recorded a significant cash inflow in the past two years, mostly from institutional investors. The demand will further increase as nation-states, led by El Salvador and the United States, focus on the Bitcoin network to counter their respective debts and inflation.

According to on-chain data analysis from CryptoQuant, the supply of Bitcoin on centralized exchanges has dropped by nearly 1 million to 2.4 million in the past two years. With Bitcoin’s total supply fixed at 21 million, while long-term holders continue to aggressively accumulate, it is evident a supply shock is imminent.

Nakamoto Holdings and KindlyMD Focuses on Bitcoin

Earlier on Monday, KindlyMD, Inc. (NASDAQ: KDLY), an established provider of integrated healthcare services, announced a definitive merger with David Bailey’s Nakamoto Holdings to form a publicly traded Bitcoin treasury vehicle ahead.

According to the announcement, the newly formed company secured a total of $710 million to purchase Bitcoins for its treasury. As a result, the new company will join 193 more entities, led by Strategy and Metaplanet, which currently holds over 3.3 million BTCs in treasuries.

“Nakamoto’s vision is to bring Bitcoin to the center of global capital markets, packaging it into equity, debt, preferred shares, and new hybrid structures that every investor can understand and own. Our mission is simple: list these instruments on every major exchange in the world,” Bailey, Founder and CEO of Nakamoto, noted.

BTC Price Enters Parabolic Phase 

In the established four-year Bitcoin cycles, it is evident that BTC price, against the U.S. dollar, has begun the euphoric phase of the 2025 bull run. Considering the diminishing returns theory, Bitcoin price is well positioned to reach between $250k and $350k before the end of this year.

From a technical analysis standpoint, Bitcoin’s monthly Relative Strength Index (RSI) tends to reach about 90 percent at the peak of every macro bull cycle. Furthermore, Bitcoin’s monthly MACD line remains above the signal line and the zero line amid the rising bullish histograms, which suggests rising cash inflows.

The post Bitcoin Supply Shock Incoming: Nakamoto Holdings and KindlyMD Merges With $710M to Form a BTC Treasury Vehicle appeared first on Coinpedia Fintech News
The supply of Bitcoin on centralized exchanges has exponentially declined in the past few years. Technical analysis suggests the onset of a BTC price parabolic rally in the next few months. The Bitcoin (BTC) market has recorded a significant cash inflow in the past two years, mostly from institutional investors. The demand will further increase …

The post Trump Meme Competition Closes: Result for the Top 220 $TRUMP Holders Invited to Donald Trump’s Dinner Released appeared first on Coinpedia Fintech News

• The Trump Meme project announced an exclusive TRUMP NFT collection for everyone who signed up for the leaderboard.

• $TRUMP price has recorded a significant increase in daily average traded volume amid anticipated further price uproar.

The Trump meme project announced the result and details of the $TRUMP competition launched last month. According to the announcement, all the top 220 $TRUMP token holders on the leaderboard were sent an email with further details of the dinner with the U.S. President Donald Trump on May 22, 2025.

In addition to the invitation, the Trump meme project also announced a unique NFT collection for the top 220 holders.  As for the rest of the participants, an exclusive TRUMP NFT was created.

In a bid to incentivize more whale holders, the Trump meme project announced that a special TRUMP DIAMOND HAND limited Solana NFT will be reserved for the top 220 invitees that hold the same amount of TRUMP tokens as the time of the final leaderboard announcement.

“The next era of $TRUMP will be announced at the dinner! See you there! Black Tie preferred, but optional,” the announcement noted.

What Next for $TRUMP Price Action

Following a successful bullish breakout from a macro-falling logarithmic trend, the TRUMP token experienced the first major resistance around $15. The mid-cap memecoin, with a fully diluted valuation of about $14.21 billion, recorded an 84 percent surge in daily average traded volume to about $2.86 billion on Monday, May 12, during the mid-North American trading session.

From a technical analysis standpoint, TRUMP’s price, in the daily timeframe, is well positioned to rally towards $24, if it rebounds from the support range between $10.32 and $12.36. Furthermore, the daily MACD line has already crossed above the zero line amid the highly anticipated altseason for 2025.

The post Trump Meme Competition Closes: Result for the Top 220 $TRUMP Holders Invited to Donald Trump’s Dinner Released appeared first on Coinpedia Fintech News
The Trump Meme project announced an exclusive TRUMP NFT collection for everyone who signed up for the leaderboard. $TRUMP price has recorded a significant increase in daily average traded volume amid anticipated further price uproar. The Trump meme project announced the result and details of the $TRUMP competition launched last month. According to the announcement, …

The post Coinbase to Join S&P 500 on May 19: COIN Price Gains Bullish Momentum appeared first on Coinpedia Fintech News

• Coinbase stock will replace Discover Financial Services in the S&P 500 effective May 19, 2025.

• COIN shares surged over 8 percent during Monday’s after-hours trading session.

Coinbase Global Inc. (NASDAQ: COIN) will be listed as part of the S&P 500 index, which tracks large-cap companies in the United States, on May 19, 2025. According to the announcement, Coinbase will replace Discover Financial Services (NYSE: DFS) in the S&P 500.

Furthermore, Discover Financial Services is being acquired by Capital One Financial Corp. (NYSE: COF), a constituent of the S&P 500 index.

The announcement received huge attention from the wider crypto community led by Michael Saylor, co-founder of Strategy. Moreover, the listing of Coinbase shares on the S&P 500 index further solidifies the growth and maturity of the cryptocurrency market and blockchain technology.

Congratulations @Brian_Armstrong on $COIN being added to the S&P 500 Index. A major milestone for Coinbase and for Bitcoin.

— Michael Saylor (@saylor) May 12, 2025

Coinbase Shares Ready for New ATH

Following the announcement, COIN shares surged over 8 percent in Monday’s after-hours trading session to hover about $225. The large-cap company, with a market valuation of about $50 billion, successfully rebounded from a crucial support level above $150.

As a result, the COIN stock market is well positioned to rally beyond a crucial resistance level of around $348 in the near term. In the daily timeframe, COIN’s MACD line recently crossed above the seton line, amid the growing bullish momentum confirmed by the rising histograms.

Moreover, the company is heavily invested in Bitcoin and the wider altcoin market, which has signaled bullish momentum at the time of this writing. However, a consistent close below the recently established support level of around $150 will lead to further sell-off for COIN stock possibly towards the support level of around $116.

The post Coinbase to Join S&P 500 on May 19: COIN Price Gains Bullish Momentum appeared first on Coinpedia Fintech News
Coinbase stock will replace Discover Financial Services in the S&P 500 effective May 19, 2025. COIN shares surged over 8 percent during Monday’s after-hours trading session. Coinbase Global Inc. (NASDAQ: COIN) will be listed as part of the S&P 500 index, which tracks large-cap companies in the United States, on May 19, 2025. According to …

The post Litecoin Price Analysis and Short-Term Prediction appeared first on Coinpedia Fintech News

• The Litecoin network has attracted significant attention from institutional investors globally in the recent past.

• LTC price has approached the final major resistance in its journey towards retesting the all-time high.

Litecoin (LTC) price opened the third week of May 2025 in a bullish outlook, after rallying more than 23 percent last week. The veteran altcoin, with a fully diluted valuation of about $7.77 billion, gained around 2.4 percent in the last 24 hours to trade about $102 on Monday, 2025 during the late North American trading session.

Amid the heightened crypto volatility, which led to over $709 in net liquidations today, nearly $2 million involved LTC leveraged trades. Furthermore, Litecoin’s futures open interest surged over 9 percent in the last 24 hours to hover about $691 million at the time of this writing.

Litecoin Records Robust Fundamentals 

As one of the top-tier altcoin that is secured through the proof-of-work (PoW) consensus mechanism, the Litecoin network has attracted significant attention from both retail and institutional investors. According to on-chain data analysis, the Litecoin network continued to process over 1 million transactions per week, thus having processed over 25 million transactions year-to-date.

Meanwhile, institutional investors, led by fund managers, continue to press to offer regulated Litecoin’s investment products such as ETFs and ETPs. Last week, Valor Inc., a digital asset management wing firm for DeFi Technologies, unveiled LTC’s ETP on Sweden’s Spotlight Stock Market. 

In the United States, several fund managers, led by Canary Capital, continue to pressure the U.S. SEC to approve Litecoin ETFs soon.

LTC Price Eyes ATH

Following a successful rebound from a multi-year rising logarithmic trend in the past few weeks, LTC price has approached a crucial liquidity zone of around $107. Since the Litecoin network undertook its third halving on August 2, 2023, LTC price has mostly consolidated below $107 to date.

However, LTC’s macro-bullish momentum has gained significant traction in the recent past. In the weekly timeframe, LTC’s MACD line is almost crossing the Signal line amid growing bullish histograms.

A consistent close above $107 will propel LTC price toward its all-time high in the subsequent weeks. However, a possible rejection at about $107 will lead to another correction towards the support level of about $81.

The post Litecoin Price Analysis and Short-Term Prediction appeared first on Coinpedia Fintech News
The Litecoin network has attracted significant attention from institutional investors globally in the recent past. LTC price has approached the final major resistance in its journey towards retesting the all-time high. Litecoin (LTC) price opened the third week of May 2025 in a bullish outlook, after rallying more than 23 percent last week. The veteran …