Category: News

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee as we analyze Standard Chartered’s Bitcoin (BTC) price projections. According to the bank, Bitcoin price could hit $500,000 as global institutions accumulate Strategy’s MSTR stock for indirect exposure to Bitcoin.

Crypto News of the Day: Standard Chartered’s Bold Bitcoin Prediction

Bitcoin was trading for $105,178, up by a modest 2.27% in the last 24 hours. In recent developments, the pioneer crypto market capitalization has ascended to an all-time high of $2.09 trillion.

To some extent, macro factors such as PBOC rate cuts and Moody’s US credit downgrade provide tailwinds.

However, analysts hold that institutional interest has much to do with Bitcoin’s value surge. Firstly, Bitcoin ETFs (exchange-traded funds), which offer Traditional Finance (TradFi) players indirect exposure to BTC, drive institutional interest.

In the same way, institutions are gaining indirect exposure to Bitcoin via Strategy’s MSTR stock. A recent US Crypto News publication indicated that Strategy (formerly MicroStrategy) held 576,230 BTC as of May 19.

Holding a significant amount of Bitcoin on its balance sheet, Strategy’s MSTR stock price correlates closely with Bitcoin’s price movements.

Analysts ascribe this correlation to a dynamic where Bitcoin is the base layer while MSTR operates as a vehicle with different risks, mechanics, and rewards.

Against this backdrop, BeInCrypto contacted Geoff Kendrick, Head of Digital Assets Research at Standard Chartered. According to Kendrick, Bitcoin is still on course to hit $500,000 before the end of Trump’s second administration.

Kendrick ascribes this to deepening institutional adoption, particularly through indirect exposure via MicroStrategy’s MSTR shares.

Standard Chartered Says Increasing Allocations to MSTR Is Bullish for Bitcoin

Newly released Q1 2025 13F filings from the US SEC (Securities and Exchange Commission) support the bank’s bullish thesis. Specifically, Strategy saw increasing allocations to MSTR by a range of global sovereign and quasi-sovereign entities.

“As more investors gain access to the asset and as volatility falls, we believe portfolios will migrate towards their optimal level from an underweight starting position in Bitcoin,” Kendrick said in an email to BeInCrypto.

While direct holdings of Bitcoin ETFs declined slightly overall, largely due to the State of Wisconsin Investment Board selling its entire 3,400 BTC-equivalent position in BlackRock’s IBIT ETF, other entities quietly increased exposure via MSTR, which Kendrick described as a “Bitcoin proxy.”

“Government entities increased their holdings of Strategy Incorporated (MSTR), which typically trades like a Bitcoin proxy. Entities in Norway, Switzerland, and South Korea reported significant MSTR increases, and Saudi Arabia added a very small position for the first time,” Kendrick told BeInCrypto.

The Standard Chartered executive emphasized that while Bitcoin ETF flows were “unexciting,” the MSTR accumulation trend was the real story this quarter.

“The MSTR ownership detail was where the excitement was,” he added.

Geoff Kendrick went further, detailing Standard Chartered’s analysis of the filings. Based on their analysis:

• Norway added 700 BTC-equivalent via MSTR, now holding 6,300 BTC-equivalent.
• Switzerland also added 700 BTC-equivalent, reaching 2,300 BTC-equivalent.
• South Korea added 700 BTC-equivalent, bringing its total to 1,300 BTC-equivalent.
• US state funds (California, New York, North Carolina, Kentucky) added 1,000 BTC-equivalent collectively, now at 3,300 BTC-equivalent.
• Saudi Arabia’s Central Bank opened a small MSTR position—its first.

Meanwhile, Abu Dhabi’s quasi-sovereign wealth fund Mubadala added 300 BTC equivalent via ETF holdings, increasing its position to 5,000 BTC equivalent.

“SEC 13F data for Q1 supports our thesis that Bitcoin is attracting a wider range of buyers. While data on Bitcoin ETF holdings was disappointing, MSTR – a Bitcoin proxy – saw increased buying. Overall sovereign positions were unchanged due to the Wisconsin pension fund selling its ETF holdings,” Kendrick concluded.

BeInCrypto reported how the MicroStrategy effect is spreading worldwide, with TradFi companies building Bitcoin war chests.

The data reinforce Standard Chartered’s outlook that institutional and sovereign flows—both direct and indirect—will be a key driver of Bitcoin’s ascent to $500,000 in the coming years.

Chart of the Day

This chart illustrates the total government holdings of Bitcoin ETFs and MicroStrategy’s MSTR stock from Q4 2023 to Q1 2025, measured in ‘000 (thousands) BTC equivalents. Based on the chart, holdings have grown steadily, peaking in Q1 2025 at around 18,000 BTC.

The chart shows that key contributors include Abu Dhabi (ETFs), Norway, Sweden, South Korea, France, New York, Wisconsin (ETFs), Michigan (ETFs), Switzerland, Liechtenstein, California, North Carolina, Saudi Arabia, and Kentucky, with varying contributions across quarters.

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• Bitcoin benefits from macroeconomic shifts, including China’s rate cuts and the US credit downgrade, boosting its appeal as a hedge against instability.
• Bitcoin price surpassed $105,000, driving institutional interest and triggering over $667 million in ETF inflows.
• Analysts warn XRP Futures could lead to price manipulation, using strategies like naked shorting and rehypothecation.
• Tron has surpassed Ethereum in total USDT supply, with $75.8 billion in circulation, making it the leader in stablecoin payments.
• The SEC seeks public comments before ruling Solana ETFs, highlighting a cautious regulatory approach.
• The ETH/BTC pair jumped 34% in a week, sparking hopes of an altcoin season, though only 18% of the top 50 coins currently outperform Bitcoin.
• Blockchain analysis exposes bots manipulating Pump.fun token markets, flooding trades to create fake momentum.
• Abraxas Capital’s aggressive Ethereum accumulation signals growing institutional confidence, with $837 million invested in ETH.
• Binance Alpha will list Tokyo Games Token (TGT) on May 21, making it the first platform to offer TGT trading.
• Pi Network faces a 40% crash, with its price currently at $0.73, decoupling from Bitcoin and showing a negative correlation.

Crypto Equities Pre-Market Overview

Company	At the Close of May 19	Pre-Market Overview
Strategy (MSTR)	$413.42	$412.95 (-0.11%)
Coinbase Global (COIN)	$263.99	$267.22 (+1.22%)
Galaxy Digital Holdings (GLXY.TO)	$31.49	$32.44 (+3.01%)
MARA Holdings (MARA)	$16.32	$16.37 (+0.31%)
Riot Platforms (RIOT)	$8.97	$9.02 (+0.56%)
Core Scientific (CORZ)	$10.85	$11.06 (+1.94%)

The post Standard Chartered Predicts Bitcoin to Hit $500,000, Here’s Why | US Crypto News appeared first on BeInCrypto.

HTX, a leading global cryptocurrency exchange, is leading the charge in a unique dual celebration on May 22,  as Bitcoin Pizza Day coincides with the Trump Dinner.

This moment, where history meets the present, is drawing global attention. In celebration of this special occasion, HTX has proudly partnered with diamond sponsors JUST Protocol, SunPump, APENFT, BitTorrent, and WINkLink, alongside platinum sponsors Levva and ChainGPT, to launch a series of Pizza Day-themed promotions across multiple business lines, including Spot, Futures, Earn, and Community, boasting a total prize pool of nearly 1 million USDT. Whether you’re a new or existing HTX user, you’ll discover exclusive opportunities and exciting benefits throughout these events.

Event 1: HTX Pizza Day Celebration: 200,000 USDT in Surprise Gifts with Seven Project Partners

Get ready for Pizza Fest! From May 13 to May 26, HTX is joining forces with seven esteemed partner projects—SunPump, APENFT, JUST Protocol, WINkLink, BitTorrent, Steem, and MEVerse—to deliver a 14-day Pizza Day Celebration packed with over 200,000 USDT in Surprise Gifts. During the event, users can claim daily gifts on the HTX App, distributed at 02:00 (UTC) daily. On May 22 at 12:00 (UTC), Bitcoin Pizza Day, HTX will drop even more Surprise Gifts featuring bigger rewards, distributed in the form of tokens, Cashback Vouchers, Futures Trial Bonuses, Margin Interest Vouchers, and APY Booster Coupons.

* View details

Event 2: Join the Pizza Day Celebration to Discover Four Amazing Benefits and Grab Your Share of $200,000

From May 20 at 10:00 (UTC) to May 25 at 10:00 (UTC), HTX invites both new and existing users to join the four-tiered rewards event and share a total prize pool of up to $200,000. See below for details:

1. New users who sign up and complete any spot, futures, or margin trade during the event will receive a welcome package that includes a 20 DOGE airdrop, APY Booster Coupons for SmartEarn, and Margin Interest Vouchers.

2. Users will receive 15 USDT for their first successful referral. By inviting more friends, they’ll unlock Mystery Boxes worth up to 1,500 USDT each, containing popular cryptos like $BTC, $TRUMP, and $HTX. Additionally, they can earn up to another 1,500 USDT when their invitees reach the trading volume target.

3. Eligible returning users who complete spot trading on HTX will have a chance to win BTC in a lucky draw. Additionally, after funding their USDT-M Futures account, they can earn APY Booster Coupons for SmartEarn.

4. Users who trade designated cryptos in spot or futures, or create spot grid trading strategies, will have a chance to share $30,000 in $HTX.

* View details

Event 3: Take the BTC Pizza Day Quiz at HTX Square and Win Your Share of 200 USDT

From May 16 at 02:00 (UTC) to May 23 at 15:59 (UTC), HTX Square is launching a quiz challenge where users can win rewards. Participants who follow HTX Square in the HTX Community and answer all the quiz questions correctly will have the opportunity to share the 200 USDT prize pool.

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Event 4: HTX Earn Bonanza for BTC Pizza Day: Enjoy Up to 10% APY on Popular Assets

Celebrate Bitcoin Pizza Day with the HTX Earn Bonanza from 16:00:00 (UTC) on May 19 to 16:00:00 (UTC) on May 25. HTX is launching this special campaign featuring Earn products for both new and existing users. First-time subscribers at HTX Earn can enjoy New User Exclusive products with 100% APY. All users can subscribe to Fixed, Flexible, and Shark Fin products with 14 designated cryptocurrencies, including USDT, and earn up to 10% APY on HTX Earn. Additionally, participants who meet the net subscription increase requirement will each receive a 5% APY Booster Coupon for the USDT Flexible product.

* View details

Event 5: HTX Affiliates Pizza Day Special: Team Up & Trade with Your Invitees to Win a Full Case of Kweichow Moutai

Celebrate Bitcoin Pizza Day with the limited-time HTX Affiliates Special Event, running from 10:00 (UTC) on May 20 to 10:00 (UTC) on May 25. HTX Affiliates can refer friends to sign up using an exclusive invitation link or code and form a trading team with invitees. Once the team reaches the required trading volume, rewards will be unlocked. The top prize is a 6-bottle case of Kweichow Moutai Flying Fairy.

* View details

Event 6: HTX Convert Contest Now Live with 10,000 USDT Up for Grabs

Don’t miss the HTX Convert Contest! It runs from 16:00:00 (UTC) on May 14 to 15:59:59 (UTC) on May 31. Trade designated cryptos on HTX Convert and reach a total trading volume of ≥500 USDT during the event to qualify for a share of the 5,000 USDT prize pool, with the top individual reward of up to 1,000 USDT. Complete 10 or more trades to unlock an additional prize pool — the more trades made, the bigger the share. Additionally, first-time converters on HTX Convert can also join an exclusive 2,000 USDT prize pool for new users, with up to 20 USDT per person available.

* View details

May 22 isn’t just about commemorating Bitcoin’s first “real-world transaction”; it is also a day for the global crypto community to celebrate the growth of the crypto industry and to share in its rewards. To honor this special day, HTX is launching a multifaceted celebration featuring diverse events that boost user engagement, elevate the festive atmosphere, and fully showcase the platform’s dynamic ecosystem.

Pizza’s on the table and the party’s heating up. Join HTX today and experience the biggest crypto event of the year!

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

The post Bitcoin Pizza Day Meets Trump Dinner: HTX Unveils One Million USDT in Rewards! appeared first on BeInCrypto.

The price of SUI has seen a significant uptick recently, outshining XRP in terms of growth and demand. However, it’s not just the price action that’s noteworthy. In May, SUI has drawn the attention of institutional investors, marking a shift in demand that could have long-term implications for the crypto market. 

As institutional inflows flow more freely into SUI, the focus shifts from its price performance to its potential as a Web3-focused ecosystem.

SUI Sees A Surge In Demand

Institutions are increasingly flocking to SUI, as evidenced by $21 million in inflows month-to-date, making it one of the top-performing altcoins, second only to Ethereum. In comparison, XRP, historically an institutional favorite, has seen inflows of just $8.6 million in the same period.

This shift is concerning for XRP as institutions begin to focus more on SUI’s potential rather than its established presence in the market. SUI’s appeal to institutional investors is based on its scalability and focus on the Web3 space, which aligns well with current trends in decentralized finance (DeFi) and blockchain-based applications.

SUI’s increasing institutional inflows highlight a growing preference for projects that offer more than just financial transactions. XRP, while still maintaining institutional backing with $263 million in 2025, has not been able to capture as much attention in recent weeks. SUI’s ability to scale decentralized applications (dApps) more effectively than XRP positions it as a better choice for institutions looking to align with long-term trends in blockchain technology.

XRP Makes It To CME

One key factor driving institutions to SUI is its lack of listing on major platforms like CME, unlike XRP Futures, which further solidifies its untapped potential. XRP Futures recently launched on CME, making the token more accessible to a wider range of investors. 

However, this development also diminishes XRP’s image as an overlooked asset, giving SUI a unique advantage by remaining relatively underexposed. As more investors seek high-growth opportunities, SUI offers them the chance to get in early before the token is fully accessible on major platforms.

SUI’s decentralized, Web3-focused design also plays a large role in its growing appeal. Unlike XRP, which is predominantly centered around payment and remittance solutions, SUI focuses on scaling dApp ecosystems, a feature highly sought after by institutions entering the Web3 space. This increased focus on scalability and decentralized applications positions SUI as an ideal choice for institutions looking to diversify their blockchain investments.

SUI vs XRP – Which Has A Better ETF Prospect?

XRP has its own advantages, especially regarding the potential for exchange-traded funds (ETFs). XRP’s status as an established digital asset gives it an edge when it comes to ETF approvals. The ongoing Ripple lawsuit also seems close to a resolution, pending court proceedings, likely boosting XRP’s clean image. 

The SEC’s settlement with Ripple would increase investor confidence in XRP, giving it a stable footing in the long term. However, for the time being, SUI’s scalability and Web3 ambitions have won the attention of institutional investors, pushing it ahead of XRP in terms of demand. Nevertheless, XRP ETF will likely see the light of day first.

Furthermore, Juan Pellicer, Head of Research at Sentora, discussed with BeInCrypto the major factors that could push XRP for an early ETF.

“XRP’s decade-long trading record and early ETF filings put it first in the regulatory queue, while Sui still needs deeper liquidity and a longer track-record before the SEC is likely comfortable green-lighting a SUI ETF.”

XRP Price Needs A Boost

XRP has risen by 14% over the last 30 days, but it is still fighting against a macro downtrend. The broader market conditions make a breakout rally unlikely, with XRP struggling under resistance levels. 

The current price range for XRP is facing challenges, as a lack of bullish momentum continues to hold it back. However, if XRP follows Bitcoin’s rise and leverages its CME debut hype, it could see an increase in price, potentially reaching $2.56 and beyond. A breakout above this level would end the downtrend and allow XRP to surge higher.

But if XRP fails to breach this resistance level, it risks further consolidation. This would likely send it toward a drop to $2.12, falling through $2.27, invalidating any bullish predictions for the short term.

SUI Price Wins This Round

SUI has shown an impressive 82% rise over the past month, trading at $3.85 at the time of writing. Despite encountering resistance at $4.05, SUI has yet to see a significant correction, suggesting continued bullish momentum. 

Given the ongoing demand for SUI, its price is expected to stay above $3.59, allowing it to break through the $4.05 resistance. A breach of this level could propel SUI towards $4.35 or higher.

On the other hand, a drop below the support level of $3.59 would suggest that investors are beginning to book profits. In that case, the price could fall to $3.18, invalidating the current bullish outlook for SUI. However, based on institutional demand and SUI’s infrastructure, it appears likely that its price will continue to rise in the short to medium term.

The post SUI Overtakes XRP As Institutions Choose The Former; Here’s Why appeared first on BeInCrypto.

The GENIUS Act, a bill of proposed new stablecoin regulations for the US, is up for a Senate vote today. Still, its chances of success remain uncertain, as Democratic opposition remains high.

Democrats on the Senate Banking Committee released harsh criticism of the bill, and their staffers also circulated a scathing letter co-signed by 46 advocacy groups. This blowback took place despite recent bipartisan amendments.

GENIUS Act’s Supporters and Opponents

Less than two weeks ago, it looked like the GENIUS Act was on the cusp of total success. This comprehensive stablecoin regulation had several strong allies within the Democratic Party in addition to its Republican sponsors.

However, this vote failed, and the Act currently faces a make-or-break chance to win again or start over:

“IMO, If the GENIUS Act doesn’t pass the Senate, there will be no meaningful legislation involving crypto before the midterms and, unfortunately, midterms historically go against the party in power. If they can’t get this passed, a more complex Market Structures Bill is highly unlikely… not to mention crypto-related tax legislation or consumer protections,” claimed crypto advocate John Deaton.

Reports claim that the GENIUS Act’s next chance will take place today as part of Senate proceedings that will begin at 3 PM EST.

The crypto industry is strongly in favor of these regulations, with advocacy groups and business leaders both saluting the bill. However, it may not be that easy for one clear reason: stiff Democratic opposition.

Despite some initial support, Congressional Democrats turned on the GENIUS Act due to concerns of legalized corruption and unfair business practices.

Last week, legislators proposed a few bipartisan amendments that would severely handcuff the bill with Big Tech exclusions and new enforcement mechanisms. It’s looking like that may not be enough.

According to several reports, the Senate Banking Committee’s Democrats released a scathing review of the GENIUS Act, and staffers also circulated a hostile letter co-signed by 46 different advocacy groups. These measures don’t necessarily reflect the bill’s chances of success, but they do highlight real opposition.

Democratic staff on the Senate Banking Committee sent around a letter this AM signed by several dozen advocacy orgs opposing the GENIUS Act.

Includes ACRE, AFR, Center for Responsible Lending, Our Revolution, Public Citizen, Tech Oversight Project… pic.twitter.com/pragFvzSKB

— Brendan Pedersen (@BrendanPedersen) May 19, 2025

These criticisms focused on a few key deficiencies. First of all, the GENIUS Act’s amendments would prevent publicly traded Big Tech companies from issuing stablecoins.

However, they wouldn’t stop private firms, notably including Elon Musk’s X. This is one of several alleged loopholes that could eventually lead to blurred lines between banking and commerce.

Opponents also noted the epidemic level of crime and bad actors currently operating within the stablecoin ecosystem. Given these dangers and the Trump family’s international stablecoin deals, critics believe that the GENIUS Act lacks enough safeguards.

The letters also address consumer protection in the event of an issuer’s collapse. Considering that Tether and most other prominent stablecoin issuers aren’t US-based, critics worry that the GENIUS Act won’t guarantee users’ assets.

Most of the other concerns were adjacent to these major topics, worrying that the Act is wholly insufficient.

To be clear, it might still pass despite this opposition. The Senate Banking Committee and its allies clearly hate the GENIUS Act, but other Democrats might have a more favorable view. At the moment, we can only wait and see how the vote turns out.

The post Will the GENIUS Act Stablecoin Legislation Pass Today? appeared first on BeInCrypto.

In the minds of many investors, Bitcoin (BTC) is like a dream of wealth—a magical asset capable of growing hundreds of percent annually and sending its value “to the moon” with million-dollar price tags.

Analyst Willy Woo believes that Bitcoin’s boom times may be over. However, not everyone agrees.

Willy Woo predicts Bitcoin’s CAGR will decline and stabilize at 8%

Woo shared a chart titled “Bitcoin Annualised Returns,” showing that Bitcoin’s compound annual growth rate (CAGR) has dropped sharply, from over 100% in 2017 to around 30–40% after 2020.

That was the period when major institutions, including corporations and governments, began accumulating Bitcoin.

“People think BTC is like a magical unicorn that climbs to infinity on moonbeams. Here’s the actual CAGR chart. We are well past the 2017 year where we’d see many 100s of percent growth,” Willy Woo said.

Woo forecasts that Bitcoin’s CAGR will continue to decline over the next 15–20 years and eventually stabilize around 8%. This rate aligns with long-term monetary growth (5%) and GDP growth (3%). He emphasized that even with a lower CAGR, Bitcoin will still outperform most other publicly traded assets.

However, investor and author Fred Krueger disagreed. He pointed out that Bitcoin has already increased 7x from its December 2022 low, now trading at $103,000 as of May 2025.

Additionally, in a recent interview, Arthur Hayes went even further. He predicted that Bitcoin would reach $1 million before the end of Donald Trump’s current term. He expects the price to hit $250,000 by the end of 2025, representing a 1,000% increase in just four years.

GDP and liquidity growth seen as key drivers of Bitcoin’s future gains

Woo’s prediction is largely based on GDP expansion and monetary growth. Meanwhile, Paul Guerra, Head of Social at RealVision, offered deeper insights on the matter.

Discussing liquidity, he argued that traditional diversification strategies may no longer work in today’s market environment. That’s because assets like stocks, bonds, Bitcoin, and real estate now tend to move together, driven by a single key factor: liquidity.

“The true driver of markets is liquidity — the amount of money flowing through the system,” Paul said.

The Global Liquidity Index is currently growing at 8% annually. To understand liquidity, Paul suggested that we must first understand GDP. He presented a formula for GDP growth: GDP Growth = Population Growth + Productivity Growth + Debt Growth.

But today, population growth and productivity are declining worldwide. As a result, governments are being forced to inject liquidity to sustain GDP and support rising debt.

“Populations are AGING. Productivity gains are FLAT. Debt is EXPLODING. To keep GDP alive and service people’s debt, governments have only one tool: Pump liquidity,” Paul explained.

As a result, liquidity is expected to increase at an even faster rate. Paul predicted that Bitcoin could reach $300,000 by the end of 2025 and enter what he calls the “Banana Zone.” This term describes periods of massive asset price increases fueled by abundant liquidity.

Historical examples include Bitcoin’s 19,900% gain from 2013–2017, and Ethereum’s 699,900% surge in previous cycles.

Still, these analyses focus heavily on macroeconomic factors while overlooking potential technical risks. For instance, concerns are growing that advancements in quantum computing could threaten trust in Bitcoin’s long-term viability.

The post Is Bitcoin Still Profitable? Analysts Argue Over BTC’s Future appeared first on BeInCrypto.

PI has shed half its value over the past seven days, signaling deepening bearish sentiment among its holders. At the time of writing, the altcoin trades at $0.72, marking a steep decline from last week’s price high of $1.67.

Technical indicators suggest that the downtrend may not be over as selling pressure remains significant.  

PI Faces Heavy Selling Pressure

PI’s BBTrend remains in the red on the daily chart, confirming that bearish forces are firmly in control. Observed on a one-day chart, the indicator is currently at -19.36.

The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When BBTrend values are positive, it signals a strong uptrend, while negative values indicate increasing bearish momentum. 

PI’s negative BBTrend suggests that its price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.

Furthermore, the token’s Elder-Ray Index supports this bearish outlook. At press time, the indicator returns a negative value of -0.12.

The Elder Ray Index measures the strength of buying and selling pressure in the market, using two key components: Bull Power and Bear Power. 

When the index is negative, sellers dominate the market. This signals a bearish trend and hints at a continued downward momentum for PI.

Resistance at 20-Day EMA Caps Recovery Hopes

The PI token trades below its 20-day exponential moving average (EMA), which forms dynamic resistance above it. The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. 

When an asset trades below its 20-day EMA, recent price action is weaker than the short-term trend. This is a bearish signal indicating a lack of buying momentum.

If the trend continues, PI could fall to $0.55.

On the other hand, if buying pressure spikes, the PI token could rebound and climb to $1.01.

The post PI Plummets 50% in a Week – Why Traders Should Brace for More Downside appeared first on BeInCrypto.

XRP Futures are now live on the CME, marking a new era for the asset’s liquidity. This significant stamp of approval from TradFi may boost the XRP ETF’s chances of getting a green light.

ETF analysts generally believe that an XRP ETF is guaranteed now that this trading has gone live. XRP’s own price hasn’t reacted much to this development, but the news was well telegraphed and may have been priced in.

Much Needed Institutional Exposure for XRP?

After several months of anticipation, the CME Group is finally offering XRP and Micro XRP Futures contracts. The CME first announced that it would list these offerings in late April, and they’ve gone live right on schedule.

According to Ripple CEO Brad Garlinghouse, the first trades took place on Hidden Road, a brokerage platform that Ripple bought recently:

“The launch of regulated XRP Futures on the CME marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on the CME at the opening!” Garlinghouse claimed via social media.

Since these markets just opened, no trading data on the XRP Futures is publicly available yet. Even so, the opening came with a lot of fanfare, and XRP enthusiasts have several things to look forward to.

The advent of CME futures trading brings a few key advantages to XRP. For one, it has long been assumed that it massively boosts the XRP ETF’s chances of success.

According to Nate Geraci, a popular ETF analyst, SEC approval is now “only a matter of time.” Odds of success remain over 80% on Polymarket, but today’s developments haven’t boosted them.

Despite this, a lot of things are still uncertain about XRP’s future. Since a judge denied a settlement in the SEC v Ripple lawsuit last week, there is a growing debate within the community.

Is XRP a security or a commodity? Although it’s generally treated like a commodity, one reclassification could seriously gunk up the ETF proceedings.

For now, XRP Futures are live on the CME, and this is a significant milestone. To be fair, the price of XRP hasn’t increased much yet, but this date was announced well in advance.

In any event, this development is focused on long-term growth, introducing new liquidity and institutional exposure, and laying more foundations for eventual ETF recognition.

The post XRP Futures Go Live on CME As ETF Approval Odds Remain Optimistic appeared first on BeInCrypto.

Bitcoin showed signs of potentially forming a new all-time high earlier today but slipped back toward key support. Despite this, the intraday rise sparked bullish sentiment among altcoins. 

BeInCrypto highlights three altcoins that, alongside major upcoming developments, are essential for investors to watch closely.

Maker (MKR)

MKR price dropped 12% over the past week but may rebound with the upcoming Phase One deployment of the MKR to SKY upgrade starting May 19. This transition, part of Maker’s rebranding to Sky, aims to complete its ecosystem transformation and attract investor interest.

The approval of the Executive Vote will enable SKY as the governance token of the Sky Ecosystem. This strategic shift could drive MKR’s price recovery to $1,894, potentially pushing further toward the key resistance level at $2,188, signaling renewed bullish momentum in the market.

However, if MKR falls below the support level of $1,655, it risks dropping to $1,555 or further down to $1,325. Such a decline would invalidate the bullish outlook, signaling increased selling pressure and a possible extended downturn.

OFFICIAL TRUMP (TRUMP)

TRUMP price remains subdued due to low volatility, but bullish market signals prevent a decline. The Ichimoku cloud below the candlesticks supports this stability, indicating potential for steady price action amid broader positive trends.

OFFICIAL TRUMP token anticipates a major boost on May 22, the Day of the TRUMP Dinner, where the top 220 TRUMP holders will join the US President in Washington D.C. This could spark significant interest and price movement, as holders often respond strongly to actions linked to the US President.

This update could push the TRUMP price to surpass resistance levels at $13.36 and $14.53, targeting $17.14. However, a break below support at $12.18 could trigger a fall to $10.29, negating the bullish outlook and causing a notable price drop.

Floki (FLOKI)

FLOKI is attempting to recover from recent 21% losses after failing to break the $0.000113 resistance. The Parabolic SAR above the candlesticks indicates potential downward pressure, suggesting a possible price decline for the meme coin in the near term.

The upcoming BADAI airdrop, delayed since February, could positively impact FLOKI’s price. Investors eagerly awaiting the event may drive buying momentum if any favorable updates emerge, potentially offsetting bearish signals and supporting price stability.

If FLOKI surpasses the $0.000100 mark, it could challenge the $0.000113 resistance and trigger an uptrend. Conversely, a break below $0.000090 support may lead to a decline toward $0.000071, negating the bullish outlook.

The post 3 Altcoins to Watch in the Third Week of May 2025 appeared first on BeInCrypto.

Binance Alpha, the platform dedicated to early-stage crypto projects by the global cryptocurrency exchange Binance, has announced the listing of Xterio (XTER). Despite the news, the token’s price fell by double digits.

Moreover, the exchange stated that it will list SOON (SOON). The trading for this token is set to begin on May 23, 2025.

XTER Dips Despite Binance Alpha Listing 

For context, the XTER token powers the Web3 gaming platform Xterio. The platform allows developers to create on-chain games and deliver creative gaming experiences. In July 2023, Binance Labs invested $15 million in Xterio.

The funds were dedicated to accelerating game creation, supporting the integration of AI technologies, and facilitating the launch of Xterio’s tokens to expand its gaming ecosystem.

Notably, XTER’s latest listing also includes an airdrop on Binance Alpha. According to a May 19 post on X (formerly Twitter), eligible users can claim 294 XTER tokens starting at 8:00 UTC on May 19, via the Alpha Event page. 

“Users need to confirm the claim on the Alpha Events page within 24 hours (before 8:00 UTC on May 20, 2025), otherwise it will be deemed that users have given up claiming the airdrop,” the announcement read.

To qualify, users must have accumulated at least 194 Binance Alpha points. In addition, claiming the airdrop requires spending 15 Binance Alpha points, which will be deducted from the user’s balance.

Nonetheless, the listing did not have a positive impact on the price. BeInCrypto data showed that XTER dipped 15.8% over the past day. At the time of writing, it was trading at $0.28.

Binance Alpha Announces SOON Airdrop and Listing 

Meanwhile, in another post on May 19, Binance Alpha also revealed the addition of SOON tokens. 

“Get ready! Binance Alpha will be the first platform to feature SOON (SOON)! Trading will open on May 23,” Binance posted.

Like XTER, SOON will be distributed to eligible users with Alpha points. However, the exchange is yet to reveal the eligibility requirement. The airdrop event page and detailed activity rules will be published on May 23. 

The SOON token serves as the native utility token of the Solana Optimistic Network (SOON) ecosystem, a high-performance Layer 2 (L2) blockchain platform.

Binance Alpha’s strategy of integrating airdrops with trading opportunities mirrors previous successful rollouts. It aims to incentivize user participation while fostering growth for new projects. 

In fact, the system has significantly fueled activity. BeInCrypto reported that the introduction of Binance Alpha Points triggered a surge in trading volume. According to the latest data from Dune, the cumulative volume has reached approximately $12 billion, with total transactions exceeding 25 million.

The post Binance Alpha Lists XTER Amid Double-Digit Price Drop, Prepares SOON Launch appeared first on BeInCrypto.

Bitcoin (BTC) started the week with a pullback after testing the $105,000 milestone. As the correction continues, crypto airdrops provide a getaway opportunity for investors to join promising projects early.

This week’s top three crypto airdrops comprise Hedra, OneFootball, and Sonic, projects supported by strong funding, backers, and engaging participation methods.

Hedra

Hedra is one of the crypto airdrops this week. It is a blockchain service focused on decentralized identity and data sovereignty. The project aims to empower users with control over their digital assets.

Though not officially confirmed, its potential airdrop sparks interest due to Hedra’s novel approach to privacy and interoperability. The interest comes after the project raised $42 million from backers such as Andreessen Horowitz (a16z), Index Ventures, and Abstract Ventures.

On May 15, Hedra raised a $32 million investment, bringing its valuation to $200 million.

“We’re excited to share that Hedra has raised a $32 million Series A led by a16z, with Matt Bornstein joining the board. Existing investors, including a16z speedrun, Abstract, and Index Ventures, are also participating in the round,” Hedra Labs shared on X (Twitter).

Crypto participants should monitor Hedra’s testnet activities, engage in community tasks, and hold compatible wallets to maximize eligibility. Eligibility also entails interacting with the project by creating graphic content with AI.

According to Cryptorank.io, when they sign up, Hedra users get 300 credits to spend on creating pictures and videos.

Sonic

Sonic, a Layer-1 blockchain (formerly Fantom), will offer a confirmed airdrop of 190.5 million S tokens starting June 2025. This comes after the project raised $101.54 million from backers such as Galaxy, Hashed Fund, Arrington XRP, Softbank, Aave, and Signum Capital.

Eligibility is based on earning Sonic Points through holding whitelisted assets (Passive Points) or decentralized finance (DeFi) activities (Activity Points) in Web3 wallets like MetaMask.

The airdrop distributes 25% of tokens immediately, with 75% vesting over 270 days via NFT airdrops. Recipients can trade these later or burn them for early access.

Sonic also announced the Sonic Shards NFT mint to users collecting shards deemed eligible for mint. The project is also running an active campaign with points farming.

“Shards. If you know, you know,” wrote Sonic Labs in a post.

Sonic airdrop farmers should track points via Sonic’s dashboard and engage in testnet tasks or Sonic Arcade.

BeInCrypto data shows Sonic’s S token was trading for $0.48897, down by over 4% in the last 24 hours.

OneFootball

Another crypto airdrop to watch this week concerns OneFootball, a blockchain-based platform for football fans. It offers rewards via its OFC token and comes after a $307 million capital raise.

Project backers include Union Square, Dapper Labs, Adidas, and Animoca Brands. OFC’s airdrop is in its second season and emphasizes fan engagement.

“Introducing OFC: Powering OneFootball on Base. We’re excited to announce OneFootball Credits ($OFC), the official token of OneFootball! Launching as an ERC-20 token, OFC operates on both Ethereum and Base,” OneFootball Club announced.

OneFootball’s airdrop campaign involves earning BALLS by completing daily check-ins, engaging social media, and playing games like OFC Champion.

These BALLS may convert to OFC post-Token Generation Event (TGE). Participants need a MetaMask wallet and should join via referral links for bonus BALLS.

With crypto airdrops offering participants early entry to promising projects, it is imperative to verify eligibility and be aware of phishing scams.

The post Top 3 Crypto Airdrops For the Third Week of May appeared first on BeInCrypto.