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Although the Metaplanet stock price is facing strong selling pressure, Benchmark Equity Research has initiated a buy call with a target of 2,400 JPY, 50% up from the current levels. This comes amid the Japanese firm’s Bitcoin acquisition spree, which now holds 13,350 Bitcoins, becoming the fifth largest public-listed firm by BTC holdings. Despite the
The post Benchmark Sets Metaplanet Stock Target to 2400 JPY on Bitcoin Acquisition, Buy the Dips? appeared first on CoinGape.
The post Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed? appeared first on Coinpedia Fintech News
Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.
According to CoinPedia’s technical analysis, DOGE appears to be bearish as it has formed a textbook-style head and shoulders price action pattern on the daily time frame. Additionally, the price of the meme coin is on the verge of a major breakdown.
Based on recent price momentum and historical patterns, if the meme coin breaches the neckline of the bearish pattern and closes a daily candle below the $0.16 mark, it could drop by 21% to reach the support level of $0.13 in the future.
As of now, DOGE is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames. This indicator suggests that the meme coin is in a strong bearish trend and is following a downward momentum.
However, traders and investors often use this setup to sell off or short the asset whenever its price shows any signs of upward movement.
At press time, DOGE is trading near $0.168 and has recorded a 1% price drop over the past 24 hours. Meanwhile, during the same period, its trading volume declined by 60%, indicating reduced participation from traders and investors—potentially due to bearish market sentiment.
However, amid this bearish outlook, investors appear to be accumulating tokens, potentially signaling a classic buy-the-dip strategy, according to on-chain analytics firm Coinglass.
Data on spot inflows and outflows reveals that exchanges have seen an outflow of approximately $6.11 million worth of DOGE over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to increased buying pressure.
Yet, while this massive outflow has the potential to trigger an upside rally, the prevailing bearish market sentiment may make it difficult to sustain such upward momentum.
The post Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed? appeared first on Coinpedia Fintech News
Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment. Dogecoin (DOGE) Technical Analysis and Upcoming Levels According to CoinPedia’s …
TRUMP price has experienced price momentum in recent days with last week’s price increase of 68.9% and last month’s price increase of 9.9%. The upsurge is achieved as per on-chain figures, a fresh wallet withdrew recently 150,100 TRUMP tokens from Binance.
The substantial token purchase appears connected to an upcoming exclusive event. This is where top TRUMP token holders will have the opportunity to attend a private dinner with President Donald Trump.
On-chain analytics platform Lookonchain has tweeted about a major TRUMP token acquisition linked to the upcoming dinner event. As per them, a user created a new wallet a few hours ago and withdrew 150,100 TRUMP from Binance for the TRUMP dinner. In addition, this major purchase suggests strong interest in gaining access to the exclusive gathering.
Someone created a new wallet 1 hour ago and withdrew 150,100 $TRUMP($1.94M) from #Binance for the $TRUMP dinner.https://t.co/PiszJM3hSh pic.twitter.com/kl4e4qZQj0
— Lookonchain (@lookonchain) April 25, 2025
The event appears to be structured as an incentive for large token holders. The details of the event show that the “top 25 coin holders” will receive invitations to a private reception with former President Trump. Based on the current leaderboard, a position in the top 25 would need holdings worth millions of dollars.
TRON founder Justin Sun has apparently taken the top spot with a holding of 1,176,803 TRUMP tokens worth about $14.32 million. This suggests that Justin Sun may attend Trump’s dinner. At number two is “MeCo” with 1,195,067.278 tokens, while third place goes to “CASE” with 400,005 tokens.
The leaderboard also displays a metric called “Time Weighted $TRUMP Holdings.” This appears to factor in how long tokens have been held which will reward longer-term holders. Under this metric, Sun maintains his top position with a weighted value of 706,518.006.
The Trump price has jumped close to 9% in the last 24 hours amidst the whale activity. The TRUMP token dinner event is being marketed as “the most EXCLUSIVE INVITATION in the World.”
It is specifically targeted at the top 220 TRUMP meme coin holders. According to promotional materials displayed in the announcement, participants will have the opportunity to “Hear First-Hand President Trump Talk about the Future of Crypto” at what is described as an “Intimate Private Dinner.”
Beyond the dinner itself, top holders will receive additional benefits. The promotion states that the top 25 coin holders will be invited to “an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT.” These individuals will also receive a “Special VIP Tour” that requires them to “stay in town” for the complete experience. This comes at a time when Trump recently suggested that it’s a great time to buy the dip.
The post TRUMP Coin Price Rallies 9% As Whale Bags $2M Coin Ahead Trump Dinner appeared first on CoinGape.
Coinbase and PayPal have expanded their partnership to offer free conversions between PayPal’s stablecoin, PYUSD, and US dollars.
This is to enhance the utilization of stablecoins in digital payments, which is a positive development both for firms in their attempt to adopt blockchain technology within the conventional financial markets.
PayPal and Coinbase have teamed up to offer zero-fee conversions for PYUSD on Coinbase’s platform. So, from now on, it is possible to buy, sell, and trade PYUSD without fees on the platform. Furthermore, Coinbase users will be able to exchange their PYUSD 1:1 for US dollars. This arrangement seeks to demystify the stablecoin and ensure that its use is feasible in day-to-day activities.
PayPal’s president and CEO, Alex Chriss, also praised the partnership, saying,
“We are thrilled to advance new, exciting, and innovative use cases with Coinbase and the broader crypto ecosystem, with PYUSD at the core of it and focusing on adding value and more utility to Digital currencies for developers, customers, and other consumers.”
The move also includes more support for the merchants. PayPal also plans to bring PYUSD to its global network of merchants, which could expand the utility of stablecoins in real-world transactions. Amid these developments, the crypto exchange Coinbase filed with the CFTC to launch XRP futures earlier this month, offering a regulated way for investors to gain exposure to XRP.
Coinbase’s involvement is invaluable since it provides a direct gateway to millions of potential customers. With this new partnership, the crypto exchange plans to incorporate PYUSD into its services to provide users with a quick means of exchanging USD for PYUSD without incurring a fee. This zero-fee applies to Coinbase’s retail usage and also applies to institutional clients.
Brian Armstrong, the CEO of Coinbase, highlighted the benefits of this partnership for the broader cryptocurrency community, stating,
“Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally.”
This will also serve institutions which have already embraced crypto to get more out of PYUSD, thus making stablecoin make more rounds in business-to-business transactions.
While PayPal and Coinbase are working on enhancing the fiat to stablecoins gateway, they are also considering expanding in decentralized finance (DeFi) and blockchain payments. These two firms have agreed to develop new applications for PYUSD within these sectors to ensure that the digital currency is not restricted to just the financial sector alone.
According to Lauren Abendschein, Global Head of Institutional Sales at Coinbase,
“This is a partnership that is all about advancing the future of global payments, taking stablecoins mainstream, pushing forward this technology.”
As PayPal explores more decentralized exchanges (DEXs), it hopes to offer users the ability to make payments directly in PYUSD, without relying on traditional intermediaries.
Furthermore, the development of its business relationship with PayPal is just one of the many fronts on which Coinbase has been active. The exchange is continuing with the process to expand in different markets.
This includes opening a new office in Charlotte North Carolina and employing hundreds of people from that area. Such actions would show how Coinbase is expanding its operations in the United States and blending with the community.
Despite the expansions, the crypto exchange is still navigating regulatory hurdles, including a lawsuit concerning its staking services and a lawsuit by Oregon AG Rayfield. However, adding to the list, Alabama has dropped its enforcement action against the company related to its staking program.
The post Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions appeared first on CoinGape.