Elon Musk Says America Party Will Embrace Bitcoin, Trump Calls Him a ‘Wreck’
Elon Musk, in a recent X post, said that his America Party will support Bitcoin. When a user asked if the party would embrace Bitcoin, Musk replied, “Fiat is hopeless, so yes.” He announced the formation of the party on Saturday, aiming to break the Republican-Democrat stronghold. This comes amid a rift with Donald Trump, who recently signed the “Big Beautiful Bill”—a move which Musk has criticized for worsening the national deficit. Donald Trump fired back at Elon Musk on Truth Social, calling him a “TRAIN WRECK” who has “gone off the rails” in recent weeks. He also mocked his plan to launch a third political party.
The Federal Reserve decided not to change interest rates on May 7, keeping them at 4.25% to 4.50%. This made crypto assets more appealing to investors. As a result, the market is rising today, with Bitcoin hitting $100,000. Ethereum is also going up, but experts believe STHs might soon sell to take profits. This is backed by a decline in key on-chain activity, which could lead to a price reversal soon.
ETH’s MVRV Ratio to Trigger Reversal
In the past 24 hours, the crypto market has seen a strong surge. Bitcoin has climbed back to the $100,000 level, which it last reached in February. Ethereum also rose above $2,000, recovering from losses linked to earlier tensions between the U.S. and China.
According to Coinglass, more than $175 million worth of Ethereum positions were liquidated during this period. Of that, buyers closed $27 million in positions, while sellers saw $148 million in forced liquidations. The rise in Ethereum’s price also led to an 18% jump in open interest, now totaling $24.8 billion.
Ethereum’s recent gains are partly due to increased interest from large investors since April. CoinShares reported two straight weeks of money flowing into Ether-based ETFs. Some also believe the Pectra upgrade, launched on May 7, helped boost the price.
The current buying demand in the crypto market might not last long. Data from IntoTheBlock shows the MVRV ratio has dropped to 0.888, meaning many investors are selling at a loss even though prices are rising. This kind of panic selling could encourage more selling and lead to a downturn.
Still, some major players (“smart money”) are buying. Wintermute made large purchases in the last 24 hours, possibly to benefit from the surge and earn market-making fees. Similarly, Lookonchain reported that Abraxas Capital withdrew over 41,000 ETH (worth $75M) from Binance and Kraken. Despite the price rise, nearly half of all Ethereum wallets, about 65.5 million, are still holding at a loss.
What’s Next for ETH Price?
Sellers are having a hard time pushing Ether below its moving averages, which suggests there’s not much pressure to sell during the upward rally. Buyers are holding the price around immediate resistance line. As of writing, ETH price trades at $2,048, surging over 13% in the last 24 hours.
Buyers may use this as a chance to break through the resistance at $2,109. If they succeed, the ETH/USDT pair could gain momentum and head above the $2,500 level. There’s a smaller hurdle at the immediate 23.6% Fib level, but it’s expected to be overcome.
On the flip side, sellers will likely try to drag the price below the moving averages. If that happens, ETH could drop to $1,734. Buyers will probably step in there, but if they can’t hold that level, the price might fall further to key support at $1,542.
As the RSI trades within the overbought region at level 78, ETH price is poised for a short-term downward correction.
The post Ethereum Reclaims $2,000, But Weak MVRV Ratio Signals Bearish Turn: Will Bears Dominate ETH Price? appeared first on Coinpedia Fintech News
The Federal Reserve decided not to change interest rates on May 7, keeping them at 4.25% to 4.50%. This made crypto assets more appealing to investors. As a result, the market is rising today, with Bitcoin hitting $100,000. Ethereum is also going up, but experts believe STHs might soon sell to take profits. This is …
A German appeals court has ruled that using known wallet passwords to transfer cryptocurrency without permission may not violate criminal law.
The decision is drawing sharp criticism from legal and crypto communities who warn it exposes a dangerous gap in existing statutes.
German Legal Loophole Allows Crypto Thief To Walk Free
A man helped someone (the complainant) set up a crypto wallet to hold €2.5 million worth of certain tokens.
The thief created the wallet and retained the 24-word recovery phrase. Unfortunately, the victim never changed that recovery phrase.
Later, without authorization, he used the correct recovery phrase to transfer and potentially steal all the coins. The defendant was not authorized to move the coins and gave false statements.
The Higher Regional Court of Braunschweig concluded that the defendant did not “hack” the wallet, since he used passwords he had legitimately set up and retained.
Therefore, the action did not satisfy the requirement of “overcoming a special access security” as defined under Germany’s Criminal Code.
Furthermore, the court ruled there was no deception involved, rejecting charges of computer fraud.
Blockchain systems, the court said, do not assess user intent or permission. It only affirms the presence of a valid cryptographic signature. The court also dismissed claims of data tampering.
This means that as long as someone has a valid password or recovery phrase—regardless of how they obtained it—transferring assets may not count as a crime, at least under current German law.
The court noted that while the conduct may violate civil obligations, contract breaches, or broken trust, do not automatically qualify as criminal offenses.
However, the ruling does not suggest that all crypto theft is legal. If credentials were obtained through fraud or hacking, different charges could apply. But this case centered specifically on non-technical access using pre-existing, known credentials.
For now, the judgment exposes a gray area that German lawmakers have yet to address.
Artificial Intelligence (AI) and Big Data are transforming cryptocurrency by providing tools for analysis, prediction, and automation. Given the volatile crypto markets, AI models detect trading patterns, forecast prices, and enhance risk management. Big Data allows for real-time processing of extensive blockchain and market data, leading to informed decision-making. AI projects in crypto also involve fraud detection, sentiment analysis from social media, and automated trading bots. As the digital asset space evolves, AI and Big Data are reshaping the crypto landscape.
Some projects are gaining ground in terms of development at a time when many AI and big data tokens appear to have lost their hold on the market. As a result, in the second half of 2025, these tokens are anticipated to set off a delicate upswing and reach new heights.
Chainlink (LINK)
Chainlink is a decentralized oracle network that connects smart contracts with real-world data, making it essential for AI and Big Data in crypto. It enables reliable data feeds for predictive analytics, automated trading, and intelligent contract execution, bridging the gap between blockchain and external information sources in a secure, trustless way.
The weekly price action of LINK hints that the price is preparing for a rebound as it is testing the 200-day MA, which is considered a crucial resistance or support at favorable times. Meanwhile, the DMI levels have converged, hinting towards a drop in the volatility, but the +Di is positioned for a bearish reversal, which may trigger a strong upswing. Once the LINK price rises above $15.5, the bulls could push the levels towards $17 and later above $20.
Internet Computer (ICP)
Internet Computer (ICP) enables decentralized cloud computing, making it ideal for AI and Big Data applications. It allows developers to build scalable, data-intensive dApps directly on-chain without traditional servers. With its high-speed processing and low-cost storage, ICP supports real-time analytics and AI model deployment within a fully decentralized ecosystem.
The ICP price has rebounded from the lower support of the symmetrical triangle but failed to test the upper resistance. As a result, the price is plunging back to the support levels while the RSI is about to plunge below the ascending trend line. Previously, the RSI rebounded, and hence a similar reversal is expected that could push the ICP price higher.
Near (NEAR)
NEAR Protocol is a scalable, developer-friendly blockchain that supports AI and Big Data applications through fast, low-cost transactions and efficient smart contracts. Its sharding technology enables high throughput, making it suitable for data-heavy workloads. NEAR’s ecosystem fosters innovation in AI-powered dApps, real-time analytics, and decentralized data processing solutions.
The above chart suggests the NEAR price is working hard to trigger a strong rebound from the support of the rising expanding channel. However, the price is failing to rise above the 50-day MA, which seems to have kept the traders aloof. Meanwhile, the MACD displays a drop in the selling pressure, which may promote a bullish reversal. Therefore, the NEAR price is believed to consolidate along the support and later rise above the 50-day MA and later above $2.7 to reach $3.
Livepeer (LPT)
Livepeer (LPT) is a decentralized video protocol that uses AI and Big Data to transform real-time video processing. Built on Ethereum, it allows developers to create scalable, data-heavy dApps on-chain without traditional servers. With fast processing and low-cost storage, Livepeer facilitates real-time analytics and AI model deployment in a fully decentralized ecosystem. The LPT token incentivizes participation and secures the network through staking.
The LPT price seems to be on the path of recovery mode as it is testing one of the crucial resistances after the recent surge. However, the bears have hindered the progress of the rally but eventually seem to have risen above the bearish influence. However, the RSI remains consolidated below the descending trend line, which raises some concerns. Therefore, if the LPT price sustains above $8.6 and rises above $12, a fresh bullish trend could follow.
Injective (INJ)
Injective (INJ) is a decentralized Layer-1 blockchain optimized for finance and AI-driven applications. With its iAgent SDK, developers can build on-chain AI agents that automate tasks like trading and payments using natural language commands. Its partnership with io.net provides access to decentralized GPU resources, enabling scalable AI and Big Data processing. Injective’s infrastructure supports real-time analytics and autonomous decision-making, making it a key player in AI-integrated decentralized finance.
The INJ price appears to be bullish despite the short-term downfall, as the levels are consolidating along the support. Here, the price may either rise back to the resistance of the rising wedge or drop below the support levels. As the OBV remains elevated, the price is expected to trigger a fresh upswing and reach above $14.
Wrapping it Up
Al tokens have gained significant attention in the recent past, and although there has been a drop in investors’ attention, the price levels remain under bullish influence. With a change in the market sentiments, the AI & Big Data cryptos are expected to gain strength and lead the altcoin rally similar to what happened in 2024.
The post Top AI & Big Data Projects to Consider in Q3 2025: LINK, ICP, NEAR, LPT & INJ appeared first on Coinpedia Fintech News
Artificial Intelligence (AI) and Big Data are transforming cryptocurrency by providing tools for analysis, prediction, and automation. Given the volatile crypto markets, AI models detect trading patterns, forecast prices, and enhance risk management. Big Data allows for real-time processing of extensive blockchain and market data, leading to informed decision-making. AI projects in crypto also involve …
