Circle, the issuer behind the USDC stablecoin, has frozen $57 million worth of USDC connected to the LIBRA team, according to on-chain data. The move, first reported by Aggr News on X, shows two transactions marked as “freezeAccount,” on the Solana blockchain. Circle’s USDC Transfer Halt Exposes Centralized Control Behind Stablecoins As Circle centralizes control over USDC, freezing the asset is an option built into the system. As a result, its control can be activated, when necessary, usually for law enforcement, sanctions or against suspected unlawful activity. So far, both Circle and other official sources have not explained why the freeze was put in place. These kinds of actions usually indicate that something is suspected by the authorities. Many cryptocurrency users still question how Circle can restrict access to users’ money. The blockchain supports security and follows regulations. However, many crypto fans dislike the changes the company makes to its… Read More at Coingape.com
As US President Donald Trump announced a 90-day tariff delay, top cryptocurrencies like Bitcoin (BTC), XRP, and Dogecoin (DOGE) are showing signs of a potential breakout. In addition, with Trump’s hint at pausing the 50% tariff on China, all eyes are on its potential impact on the broader crypto market.
With the traditional financial market experiencing relief after a massive downturn, cryptocurrencies, in correlation with stocks and bonds, are exhibiting positive momentum. Thus, Trump’s pause on his tariffs has sparked speculations of a bullish turn in BTC, XRP, and DOGE prices.
How Will Trump’s Tariff Delay Impact BTC, XRP, DOGE Prices?
Notably, Trump’s unexpected pause on his tariff plans has sparked anticipation of a bullish reversal in the crypto market. These speculations have been further boosted by the Bitcoin price’s recent rally past $94k, marking a significant market shift.
Other top cryptocurrencies like XRP and DOGE have also seen a bullish resurgence following Trump’s tariff delay. Considering the prevailing positive sentiment, analysts and traders remain optimistic about the future performance of BTC, XRP, and DOGE prices.
BTC Price to Hit $180K
Analyst CryptoELITES believe that the Bitcoin price is poised to hit a new all-time high of $180,000 in November 2025. At the same time, crypto expert Merlijn The Trader forecasted the BTC price’s bullish rally to $150k in the near future. Now, Bitcoin is exchanging hands at $94,386, up 1.9%.
Source: X, CryptoELITES
XRP Price Sets Sights at $50
In a recent analysis, expert XRP Governor has set a long-term target for the XRP price amid the latest Trump tariff delay. According to him, XRP could reach an ambitious high of $50 in 2027. Currently, XRP is valued at $2.20, up 2.29%.
DOGE Price Targets $0.22
Dogecoin, which is currently trading at $0.1821, has a short-term target of $0.22. Identifying a bull flag on its price chart, analysts predict DOGE’s potential uptrend.
Crypto Market Boost
Significantly, the crypto market is about to witness its highest rally, as pointed out by market expert Michael van de Poppe.
Source: X, Michael van de Poppe
Trump Views High Tariff as a Victory: Here’s Why
According to Donald Trump, high tariffs, 20%-50%, on foreign imports will be a “total victory” as the US will make a fortune from the revenue generated. In addition, these tariffs will attract companies to set up production in the US. This will create job opportunities and economic growth.
Furthermore, Trump draws comparisons to other countries like China, India, and Brazil to highlight their high tariffs. Thus, he acknowledges that tariffs are a key component of his economic policy.
In conclusion, this move has sparked speculation about a potential bullish rally in the crypto market, with Bitcoin being a key beneficiary.
Ethereum price is poised to reclaim its previous highs in a rally that could see ETH surpass $2,000 in the short term. The optimism is fuelled by a raft of factors, including ETH’s historically strong performance in May and an avalanche of institutions flooding the network.
Ethereum Price Set To Stage Recovery In May
While the chatter about Ethereum’s decline has reached a fervent pitch, optimism is growing for a near-term rally for ETH. Pseudonymous cryptocurrency analyst Cyclop, in an X post, opined that the network’s historically strong showing in May is a key piece of the puzzle.
Ethereum price has gained an average of 27.36% at the end of May since 2o16, famously spiking by 70.29% in 2017. Last year, ETH wrapped up the month of May with a 24.65% increase, stoking optimism for another strong performance in 2025.
Cyclop is predicting an ETH rally to 2,500 by the end of May, riding on seasonal strength. According to a chart shared by the pseudonymous TraderPA, ETH has closed its most bullish monthly candle in 2025.
“The last time we closed with a hammer candle, the price surged by 60% afterward,” said TraderPA.
However, investors have to keep their eyes on prevailing fundamentals like UK regulators moving to ban the DeFi loan market.
Institutional Investors Are Backing Ethereum Despite Price Performance
A raft of institutional behemoths is turning to the network in their pivot to blockchain solutions. China’s Alibaba is rolling out an Ethereum layer 2 solution, joining Germany-based Deutsche Bank on a similar path.
Financial giants BlackRock and Fidelity are tokenizing assets on Ethereum, while Visa and Mastercard have tapped Ethereum for their Web 3 solutions. Sam Altman’s World Project is pitching tents, with the network with Coinbase’s Base, racking impressive numbers as an L2 and graduating to Stage 1 EVM rollup.
Trump’s WLFI holds 94% of its cryptocurrency holdings on Ethereum, while Circle is opting to house a significant amount of its stablecoin in Ethereum. A combination of heavy institutional backing will prop Ethereum price for a rally in the short term.
A Massive Rebrand For Ethereum Is Underway
Aware of the barrage of criticism over falling metrics and bland price performance, developers are keen on a network upgrade. Dankrad Feist has warned that Ethereum is in danger if it fails to scale its gas limit by 100X over five years.
On the flipside, Vitalik Buterin is mooting a proposal to revamp Ethereum akin to Bitcoin’s simplicity in a move that may positively impact the ETH price. Charles Hoskinson has predicted that the network will crash in 15 years, citing layer 2 cannibalization and its outdated technology.
Slovenia is planning to take a bigger bite out of crypto profits. After imposing a 10% tax on crypto withdrawals in 2023, the country’s Finance Ministry has now suggested a new law to add a 25% tax on crypto trading gains. If the bill gets passed, the law will begin on January 1, 2026.
Some experts warn that high taxes might scare off investors, which could slow down crypto growth in Slovenia.
Who Will Be Taxed & How?
Under the new law, Slovenian residents will be taxed 25% on net gains from crypto when:
They sell cryptocurrency in exchange for fiat currency (e.g., euros or dollars)
They use crypto to pay for goods or services
They send crypto to another person’s wallet (excluding transfers between personal wallets), whether as a gift or payment
This shift marks a significant expansion in how Slovenia treats crypto transactions for tax purposes.
Who’s Exempt from This Tax?
Not all crypto activity will be taxed. The proposed law clearly outlines exceptions:
Crypto-to-crypto exchanges (e.g., Bitcoin to Ethereum) are not subject to tax.
Transfers between your own wallets remain tax-free.
Holding crypto without selling or spending does not trigger taxation.
In addition, individuals will be required to report annual crypto earnings and maintain accurate transaction records, a step toward greater transparency.
However, not everyone agrees with the new plan. Jernej Vrtovec, a member of the opposition New Slovenia party, criticized the proposal. He said that heavy taxation could harm Slovenia’s growing crypto sector and drive young talent and investors out of the country.
He believes the government should encourage innovation, not push it away with high taxes.
Meanwhile, Finance Minister Klemen Boštjančič said the goal of the tax isn’t just to collect more money but to bring fairness to the system. He pointed out that crypto is one of the most speculative financial assets and believes it’s only fair to apply tax rules similar to those for other investments.
How Big Is the Crypto Market in Slovenia?
With an estimated 98,000 crypto users expected in 2025 and a growing market projected to bring in $2.8 million in revenue, Slovenia’s crypto scene is still developing.
The government believes this new tax could generate between €2.5 million to €25 million a year, depending on how active the market becomes.
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The post Slovenia Proposes 25% Tax on Crypto Profits – Lawmaker Warns of Crypto Slowdown appeared first on Coinpedia Fintech News
Slovenia is planning to take a bigger bite out of crypto profits. After imposing a 10% tax on crypto withdrawals in 2023, the country’s Finance Ministry has now suggested a new law to add a 25% tax on crypto trading gains. If the bill gets passed, the law will begin on January 1, 2026. Some …
