US pro-crypto president Donald Trump will host a gala dinner on Thursday, May 22, where he will host the top holders of his TRUMP meme token. This dinner comes as some Democrat legislators question Trump’s foray into the meme coin space. With the highly anticipated event being only two days away, three US-made altcoins are standing out due to their potential to explode. Crypto Price Prediction Ahead of May 22 Trump Dinner Trump’s May 22 dinner event coincides with a bullish week in the crypto market as Bitcoin eyes its $108,000 ATH. However, as analysts give their bullish predictions on BTC’s price, altcoins are struggling as capital rotates towards the largest crypto. However, the dinner event may draw attention towards key altcoins, albeit criticism towards the moves that Trump has made in regards to crypto since taking office on January 20. Anti-crypto Senator Cynthia Lummis, who recently opposed the GENIUS… Read More at Coingape.com
Jay Clayton, Trump’s next pick for the SDNY’s US Attorney, originally filed the SEC’s lawsuit against Ripple. Clayton promised to end crypto crackdowns at the SDNY but personally started one of the most notorious incidents.
Trump is also planning to use a procedural loophole to avoid a messy confirmation process, which Senator Chuck Schumer swore to block. This incident raises questions about the quality of crypto’s new political allies.
He originally tapped Jay Clayton for this role in November, and he actually became Acting Attorney today. There’s just one concern — Jay Clayton initially filed the SEC’s action against Ripple.
The SEC vs Ripple case is considered a landmark action of the Gensler era, but Clayton actually initiated the suit. Clayton served as the SEC’s Chair from 2017 to 2020, and he resigned more than six months before his term limit.
He filed the SEC suit on December 22 and resigned the very next day in what the company called a “parting shot.”
A few years later, Clayton’s on the other side of government crypto crackdowns. When Trump first tapped him for the role last November, a spokesman claimed that the office would cease crypto enforcement actions.
In 2023, Clayton made televised interview appearances criticizing Gensler’s crackdowns, which infuriated Ripple CEO Brad Garlinghouse.
Watching this clip makes my blood boil.
The hypocrisy is shocking. @CNBC@SquawkCNBC should be calling him out for the bullshit.
(As a reminder, jay clayton brought the case against ripple, me and Chris Larsen. And left the building the next day).
Today, no representatives from Ripple commented on Clayton’s new role, but it is likely to ruffle feathers all the same. Specifically, the process to get a nominee confirmed by the Senate can be grueling.
According to local media, Trump named Clayton the Acting SDNY US Attorney, intending him to occupy the permanent role. Trump first nominated him last week, and Senate Minority Leader Chuck Schumer vowed to block his confirmation.
Schumer claimed Clayton “has no fidelity to the law.”
Regardless, Clayton doesn’t need a confirmation vote to become Acting US Attorney, and he probably won’t need one. If the Senate won’t confirm him in 120 days, judges in the SDNY can appoint him until a nominee gets confirmed.
Trump doesn’t actually need to nominate anyone else, and Clayton could serve a regular term.
This is a very illustrative example of how much political power crypto has gained. Jay Clayton, the man who literally initiated the Ripple suit, will work against future enforcement. And yet, this doesn’t seem like an unambiguous good.
How much can the industry truly rely on its former enemies? How many of crypto’s friends today would gladly join a crackdown tomorrow? These are just some of the concerns among the crypto community.
The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the bulls. However, a continued upswing above the key ranges could validate a rise to $3.75 or levels above.
Now, the question arises whether the bulls will continue to hold a tight grip over the rally.
The token is demonstrating huge strength as it reversed the bearish pattern of H&S, which was speculated to drag the levels below $2.5. With this, the token continues to demonstrate a potential of a 90% upswing that could elevate the levels towards new highs. Meanwhile, in the short term, the bulls appear poised to push the price above $5 as the token is poised to validate a ‘Golden Cross.’
The rebound from the local support hinted towards the growing dominance of the bulls; moreover, the bullish crossover of the 50/200 MAs validated the bullish claim. The previous Golden cross resulted in a 350% rise, which helped the SUI price to form a new ATH around $5.3 and hence a similar price action is expected. Meanwhile, the MACD shows a drop in selling pressure, being within the bullish range, while the other indicators raise some concerns.
The RSI is hovering around 44.83 and is about to rise above the RSI-based MA. If it rises above the range, it could validate a bullish continuation, while the drop in CMF levels points towards bearish continuation, as it hints towards a decrease in the money flow onto the platform. Only if the levels rise back above 0 can a bullish continuation occur. For this, the SUI price is expected to secure the levels above $3.5, which may push the price to $4.
Therefore, the SUI price prediction in the long term is bullish, but the short-term forecast remains shady.
The post SUI Price Gears Up for a Breakout: Here are the Key Levels to Watch Following the Golden Cross appeared first on Coinpedia Fintech News
The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the …
There’s a storm brewing in the crypto markets, but where you least expect it!
While the spotlight often shines on Bitcoin and Ethereum, XRP is quietly positioning itself for a headline-worthy move. With its market cap now at $133 billion – just shy of Tether’s $148 billion – XRP could soon reclaim a spot among the top three cryptocurrencies.
But unlike USDT, whose growth hinges on increased issuance, XRP’s rise is being fueled by real price appreciation. There’s something different about its current setup, and if you’ve been watching closely, the signs are hard to ignore.
Let’s dig deeper.
XRP vs Tether: Same Numbers, Very Different Stories
Here’s what makes this potential flip so interesting – USDT is a stablecoin, pegged to the US dollar. Its value doesn’t change, and its market cap grows only when more tokens are issued. In short: it expands by minting.
XRP’s story? Completely different. It’s gaining ground the hard way – through price appreciation. In the last week alone, XRP jumped 8.82% while Bitcoin and Ethereum moved far less in comparison.
Dig a little deeper and the contrast becomes clearer. XRP’s trading volume is strong – over $3 billion – with a balanced buy/sell ratio (58% to 42%). USDT, meanwhile, is seeing more selling than buying, with 88% of its 24-hour trades leaning bearish.
That kind of sentiment doesn’t exactly scream strength.
Technical Setup: Bulls Are Back in Control
For the first time in months, XRP is trading above its 50, 100, and 200-day EMAs; a sign of serious bullish momentum. And it’s happening right after XRP broke out of a long-standing descending channel, which had been capping its growth for ages.
Now, XRP is holding strong at $2.28, with key support near $2.22 thanks to the 100-day EMA. If it keeps up this pace, we could see it test the $2.50–$3.00 zone.
That would be more than a price milestone but would likely push it past Tether in market cap.
XRP/USDT Chart by TradingView
Why This Flip Actually Matters
So, let’s take a step back. XRP overtaking Tether is not just a numbers game but is actually very symbolic. After years of regulatory hurdles and market uncertainty, XRP is once again being recognized for its real-world utility – fast, cost-effective cross-border payments – and not just its legal drama with the SEC.
With 58.44 billion tokens in circulation, it’s climbing through genuine demand, not supply tricks. That alone sets it apart in a market flooded with hype.
So while Bitcoin consolidates around $95K and Ethereum plays it safe near $1,835, XRP is moving up. And if the current market mood stays even slightly risk-on, that #3 spot might have a new owner very soon.
The post Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why appeared first on Coinpedia Fintech News
There’s a storm brewing in the crypto markets, but where you least expect it! While the spotlight often shines on Bitcoin and Ethereum, XRP is quietly positioning itself for a headline-worthy move. With its market cap now at $133 billion – just shy of Tether’s $148 billion – XRP could soon reclaim a spot among …
