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Bitcoin price trades at $118,652 today, August 12, with a 2.18% decline. This drop comes ahead of the release of the US CPI data release. Because of this, analysts are looking at what lies ahead. Some projections suggest BTC might head to $94,000, while others are still optimistic about a rally, potentially to $141,000. Bitcoin
The post Bitcoin Price Forecast as Markets Brace For US CPI – $94,000 or $141,000 Next? appeared first on CoinGape.
Made in USA coins have delivered a mixed performance in the first week of May, with PENGU, SUI, and RENDER showing very different trajectories. PENGU surged by 107% over the past week, signaling a strong recovery after months of correction.
SUI also impressed, jumping 70% and positioning itself among the largest Made in USA coins. Meanwhile, RENDER struggled to gain traction, underperforming both the broader market and the leading AI coins.
PENGU was once the leading meme coin on Solana, reaching a peak market cap of $2.9 billion on January 6.
However, after its explosive rise, the token entered a prolonged correction phase, with its market cap falling below the $1 billion mark by January 29.
Since then, PENGU has struggled to regain its previous momentum, reflecting broader cooling interest in meme coins during that period.
Despite the correction, recent price action suggests that sentiment around PENGU may be shifting again.
Over the past seven days, PENGU has surged by 107%, including a gain of more than 16% in just the last 24 hours. PENGU could soon test the $0.011 resistance level if this strong momentum continues.
A break above this point could open the path toward $0.0126, and if bullish pressure remains strong, further targets at $0.0171 and even $0.0223 could come into play — breaking above the $0.020 mark for the first time since January 27.
SUI has been one of the standout performers among altcoins over the past week, surging 70% and positioning itself just behind Cardano, Solana, and XRP in market cap among the major Made in USA coins.
With such a powerful move quickly, SUI is approaching critical technical levels that could determine whether the rally continues or faces a pullback.
Recently, SUI tested the resistance at $3.73 but failed to break through it. If it manages to test this level again and successfully break above it, the next target would be $4.25, which would also mark SUI’s first time trading above $4 since January 31.
However, if bullish momentum fades, SUI could retrace to test the $3.25 support zone.
Losing this support could lead to a deeper correction toward $2.92 or even $2.51, making the coming price action especially important for assessing whether SUI’s rally can extend further.
RENDER has been lagging behind the broader market, posting only a 2% gain over the last seven days, far less than most other major Made in USA coins.
It has also underperformed relative to the top AI-focused tokens, such as TAO, FET, and VIRTUAL, which have shown much stronger momentum.
This lackluster performance suggests that while artificial intelligence narratives continue to gain traction, RENDER has struggled to capture the same level of enthusiasm, raising concerns about its near-term outlook compared to its peers.
Technically, RENDER’s EMA lines are signaling potential weakness, with the possibility of a death cross forming soon.
If the downtrend materializes, RENDER could first test support at $4.25; losing that level could open the door for deeper drops to $3.82, $3.55, and even $3.14.
However, if RENDER manages to regain positive momentum, a rebound toward $4.63 could still be in play.
The post Top 3 Made In USA Coins For The First Week of May appeared first on BeInCrypto.
The post Japan’s Crypto Regulations Update: New Rules for Bitcoin, Ethereum & Utility Tokens appeared first on Coinpedia Fintech News
Japan’s Financial Services Agency (FSA) in a latest discussion paper has proposed updates to crypto regulation. It plans to divide digital assets into two categories so that it could be regulated better and aims to make crypto rules more effective and easier to apply.
The agency demands public feedback on the proposal before finalizing it and is open to opinions and suggestion until May 10, 2025.
It has proposed a two-tier system based on how funds are distributed. Under Type 1 are the tokens used for business or in raising funds for the parent project. This also includes altcoins from budding projects that still need funding to grow. Some utility tokens fall into this category.
Under Type 2 are the more established and decentralized tokens like Bitcoin and Ethereum that do not issue tokens to raise funds for their Business. The assets are subject to different set of regulations based on which category they fall, suiting different features.
The FSA emphasized that for Type 1 crypto assets (which are used for business or fundraising), the projects have to clearly explain their plan to use the raised funds. The goal is to protect investors by ensuring that there is more transparency and accountability in the projects.
Therefore the Type 1 token issuers would need to disclose in details about the purpose, project details and the risks associated in investing. They are also expected to follow FSA rules, including regular disclosure requirements.
Once the Type 1 crypto assets gain large number of investors, then the projects will be evaluated to check if they could be subject to security token regulations. The FSA will not be dealing directly with the issuers of Type 1 crypto projects as it’s hard to identify a specific issuer.
The Financial Services Agency stated that “with regard to type 1 cryptoassets, there is a strong need to eliminate the information asymmetry between issuers and users regarding the purpose of use of the raised funds and the content of the project, etc.”
It plans to regulate Type 2 crypto assets through crypto exchanges. Exchanges need to report major price fluctuations that could impact the market. The committee also plans to continue reviewing while considering the public feedback and how other countries are regulating crypto.
The paper outlines key financial issues focusing on disclosures, business conduct, guidelines for entering the market and prevent inside trading. However it does not touch upon crypto taxes.
Japan, which once used to be more restrictive, is now changing its stance towards crypto. In a major move, the regulators are also considering lifting the ban on crypto ETFs which has sparked excitement in the community. The agency also aims to revise the Financial Instruments and Exchange Act by 2026, where cryptocurrencies will longer be viewed as just payment tools, instead its own financial product category.
After a Type 1 project gains large number of investors, then the projects will be evaluated to check if they could be subject to security token regulations.
The FSA will regulate Type 2 crypto assets through crypto exchanges and also requires the platforms to report major price fluctuations that can impact the market.
The post Japan’s Crypto Regulations Update: New Rules for Bitcoin, Ethereum & Utility Tokens appeared first on Coinpedia Fintech News
Japan’s Financial Services Agency (FSA) in a latest discussion paper has proposed updates to crypto regulation. It plans to divide digital assets into two categories so that it could be regulated better and aims to make crypto rules more effective and easier to apply. The agency demands public feedback on the proposal before finalizing it …
The post Gemini Takes Step Toward IPO in Confidential Filing: Crypto IPOs Heat Up appeared first on Coinpedia Fintech News
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed for a confidential Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to the announcement on June 6, 2025, Gemini submitted a draft registration statement in Form S-1 with the SEC to offer its Class A common stock.
However, since the Gemini filing was confidential, the details regarding the number of shares of Class A common stock to be sold remain unknown. Moreover, the Gemini IPO is expected to take place after the SEC completes the review process.
The filing of the Gemini IPO follows its recent legal settlement with the Commodity Futures Trading Commission (CFTC), which resulted in a $5 million settlement from the crypto exchange. Additionally, the U.S. SEC closed its investigations on Gemini, which gave the company confidence to file for an IPO.
The Gemini IPO coincides with the recently closed Circle Internet Group Inc. (NYSE: CRCL), which currently has a market cap of about $15 billion. More crypto IPOs are expected in the coming quarters, with Wall Street expecting Kraken, Bullish, and BitGo exchanges soon.
The notable filings of IPOs by crypto-related firms in the recent past solidifies the mainstream adoption of blockchain technology and digital assets. With the U.S. SEC likely to approve the Gemini IPO, especially following the recent move on the Circle deal, more crypto related companies are likely to move in the same direction.
Consequently, it is safe to assume more crypto bull markets will happen in the coming years catalyzed by institutional cash and clear crypto regulatory frameworks.
The post Gemini Takes Step Toward IPO in Confidential Filing: Crypto IPOs Heat Up appeared first on Coinpedia Fintech News
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed for a confidential Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to the announcement on June 6, 2025, Gemini submitted a draft registration statement in Form S-1 with the SEC to offer its Class …