Shiba Inu may be the second-largest meme coin by market cap, but that doesn’t seem to mean much in the ongoing cycle amid a general decline in the meme coin sector. Shiba Inu, like other top meme coins in the industry, has fallen into a steep price decline, as investors pivot from memes to alternative tokens like payments and DeFi.
With Shiba Inu and the general meme coin sector in decline, investors may find more joy by pivoting to alternative tokens as we head deeper into the bull run. Analysts believe these two options, Pump Fun Token and Remittix, have great fundamentals and could perform far beyond expectations by the end of the ongoing cycle.
Shiba Inu Dips as Pump Fun Token Generates Headlines As Ongoing Cycle Heats Up
Despite being the second-largest meme coin by market cap and a top twenty crypto by market cap, Shiba Inu has not benefited from the recent wave of price appreciation that has washed over the crypto industry, most likely due to a lack of interest in memes and meme coins in this cycle.
Due to this, the token has dipped considerably, falling by nearly 15% in the past week as the bull run heats up. Analysts are now suggesting that investors should pivot to more promising options. One name that has come up in discussions is Pump Fun Token, the native crypto of the popular meme coin launchpad, Pumpfun. Another name is Remittix, the upcoming PayFi project expected to transform the global payments sector.
Remittix Leads The PayFi Charge As Ongoing Bull Run Heats Up
Upcoming PayFi project, Remittix, has emerged as an ideal investment option in the ongoing cycle amid a general decline in several crypto categories, such as meme coins. Remittix has caught the eye over the past few months, mainly due to its potential to transform the global payments experience with impressive features, such as:
Direct crypto-to-bank transfers in over 30 countries worldwide
50% token bonus for early adopters and supporters
20% referral rewards for onboarding new users
In the past month, the project has ramped up efforts to attract new users and investors as it heads closer towards its launch day. An example is the recent $250,000 mega giveaway from early investors and supporters.
Another effort is the launch of its crypto wallet beta phase. Just like other top crypto wallets in the industry, the Remittix wallet is expected to have top functionality and allow users to perform crypto actions onchain, but also interact seamlessly with fiat in the real world.
Discover the future of PayFi with Remittix by checking out their project here:
Bitcoin price breaks $100,000 on May 8, 2025, as ETFs, Fed pause, and state crypto laws fuel rally. Will BTC now advance to new all-time highs?
Bitcoin clears $100,000 first time in 120-days
Bitcoin price crossed the $100,000 mark on Thursday, May 8, 2025, trading at its highest level since February. The milestone represents a 4.5% 24-hour gain, pushing BTC to $100,800 at the daily peak before settling near $99,696 at press time.
Bitcoin price crosses $100,000, May 8 2025 | Coingecko
The renewed BTC price rally on Thursday can be attributed to a convergence of macroeconomic signals, adoption milestones across US states, amid surging institutional demand from Bitcoin ETFs.
Coingecko data further shows data BTC price gained 26.5% in the past 30 days and 59.1% over the last year. Traders now anticipate another leg up as BTC eyes new all-time highs, less than 10% away from breaching its previous record around $107,000.
Market sentiment turned sharply bullish following a formal announcement from President Donald Trump confirmed a comprehensive trade agreement with the United Kingdom. The message emphasized the depth of US-UK relations and hinted at more bilateral deals in the pipeline.
US President Donald Trump Confirms Trade Deal With UK, Source: TruthSocial
The trade optimism has sparked renewed investor appetite for risk assets, with Bitcoin among the biggest beneficiaries.
Trump’s executive order establish crypto strategic reserve in March 2025. has helped frame Bitcoin as a strategic hedge against geopolitical uncertainty and global de-dollarization risks.
2. Three US states enact major crypto laws in rapid succession
Arizona Governor signed House Bill 2749 into law:
On May 7, Arizona Governor Katie Hobbs signed a bill establishing a Bitcoin and Digital Assets Reserve Fund. The fund will be managed by the state treasurer and composed of digital assets obtained through airdrops, staking rewards, and accrued interest.
The bill follows the governor’s veto against Senate Bill 1025, which had proposed investing 10% of states $32 billion Treasury assets in cryptocurrencies and NFTs.
Hobbs cited a preference for budget-neutral, lower-risk strategies in approving HB 2749. The newly-approved law now allows Arizona to engage in passive crypto asset management while maintaining fiscal conservatism. Staking rewards from unclaimed assets held over three years will also be funnelled into the reserve.
Oregon enacts Senate Bill 167:
Oregon state amended the state’s Uniform Commercial Code to include digital assets such as cryptocurrencies, tokenized instruments, and electronic money. Signed into law by Governor Tina Kotek, the legislation introduces UCC Article 12, providing legal clarity on how digital assets can be used as collateral and managed in secured transactions.
Oregon signs Crypto bill into law, May 7, 2025
The new rules also recognize electronic signatures and records, easing digital commerce integration. Transitional provisions give parties a one-year adjustment period. Prior to the update, crypto assets operated in legal gray zones under state law.
With this move, Oregon strengthens its infrastructure for asset-backed crypto innovation and enterprise use cases.
New Hampshire becomes first state to adopt Crypto reserve:
New Hampshire became the first US state to approve Treasury laws to receive and hold Bitcoin in reserve. The move follows prior legislative actions that permitted tax payments in crypto and explored blockchain-based public record systems.
The latest statute, passed on May 8, directs the state to accept Bitcoin from federal forfeitures, grants, and settlements as reserve assets.
It does not authorize discretionary market purchases but ensures crypto assets entering public custody are lawfully held and secured. Treasury officials will partner with approved custodians to manage private keys and staking operations.
3. Fed pause and recession risks reinforce Bitcoin hedge appeal
On Wednesday, US Federal Reserve held interest rates steady in its latest FOMC meeting but flagged rising unemployment as a growing concern. Investors now anticipate multiple rate cuts later in 2025 to cushion a slowing economy.
The shift in tone has rekindled the inflation hedge narrative around Bitcoin, with capital rotating out of treasuries and into hard assets.
Bitcoin’s fixed supply continues to appeal to investors preparing for policy easing and potential currency debasement. Market expectations of looser monetary policy have lifted global risk asset markets and has evidently played a role in driving BTC price above $100,000.
4. Institutional demand and ETF inflows intensify
Institutional capital has remained a key pillar of support during the current rally. Following renewed tensions between the United States and China, large corporate players have accelerated capital allocation into Bitcoin.
Bitcoin ETF Flows | Source: Farside
Exchange-traded funds (ETFs) have played a pivotal role in this dynamic. Over the past 13 trading days, Bitcoin ETFs recorded net inflows of $5.3 billion, with only two days of outflows.
On April 30 and May 6, net redemptions were modest at $56.3 million and $85.7 million, respectively. The consistent inflows indicate sustained institutional conviction and reflect Bitcoin’s growing status as a macro asset class comparable to gold or tech equities.
What’s next?
Bitcoin’s latest move above $100,000 places it within reach of entering a fresh price discovery phase. With only a single-digit percentage gain needed to break prior highs, markets are watching closely for institutional confirmation. If large players hold out for new highs, the rally could extend well into Q2.
However, some analysts suggest a partial rotation into altcoins may occur if Bitcoin shows signs of exhaustion. Capital rotation could benefit Ethereum, Solana, and newer sectors like Crypto AI tokens.
Looking ahead, the direction of Fed policy and geopolitical trade talks will remain key catalysts in the weeks ahead.
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape.
I. Tokenomics: Strategic Scarcity by Design
MBG’s tokenomics structure appears more aggressive in its deflationary approach than most established CEX tokens:
Buyback & Burn Mechanism: Up to 50% of the token supply is designated for buyback and burn, directly tied to trading volume across the MultiBank ecosystem. This significantly outpaces BNB’s burn rate (which aims to eventually burn 50% of initial supply to reach 100M tokens) and exceeds MEXC’s 40% profit allocation for burns.
Volume-Based Burns: By linking burns directly to trading activity rather than just quarterly profits, MBG creates a more immediate and transparent relationship between platform success and token value.
This aggressive deflationary model could accelerate scarcity, potentially driving price appreciation more rapidly than competitors if trading volume meets expectations.
II. Utility: Multi-Dimensional Value Creation
MBG integrates multiple utility functions that have proven successful across other CEX tokens:
Trading Fee Discounts: Similar to BNB and OKB, incentivizing platform usage
Staking Rewards: Creating passive income opportunities for holders
Exclusive IEO Access: Following the successful model of Binance Launchpad and MEXC Kickstarter
Social Trading Boosts: A unique feature that differentiates it from other CEX tokens
What’s notable is how MBG has integrated the most successful utility elements from various exchanges while adding unique features that align with modern trading behaviors like social trading.
III. Institutional Credibility: The TradFi Advantage
This is where MBG truly distinguishes itself from most CEX tokens:
Established Financial Infrastructure: Backed by MultiBank Group with $4.5 trillion traded in 2024
17 Regulatory Licenses: Spanning five continents, demonstrating global compliance
Two Decades of Financial Operations: Unlike many crypto projects with limited operational history
Multiple Exchange Licenses: VARA, AUSTRAC, and FSAS regulated
While tokens like BNB have faced ongoing regulatory scrutiny and uncertainty, MBG begins with established regulatory compliance, potentially offering greater stability and institutional confidence.
IV. Market Positioning: The RWA Bridge
MBG is strategically positioned at the intersection of two powerful trends:
CEX Token Utility: Leveraging the proven business model of exchange tokens
Real World Asset (RWA) Integration: Connecting to traditional finance at a time when the market is increasingly focused on bridging TradFi and DeFi
This dual positioning is unique among CEX tokens, most of which lack the regulatory framework and TradFi connections to meaningfully participate in the RWA narrative.
V. Growth Potential: Early-Stage Opportunity
Unlike established CEX tokens with mature valuations, MBG represents an early-stage opportunity:
Market Cap Differential: Compared to BNB’s $85+ billion market cap, MBG has substantial room for growth if it captures even a fraction of that value
Expanding User Base: As MultiBank transitions its existing TradFi clients to its crypto exchange
Cross-Selling Potential: Ability to market to both crypto natives and traditional finance participants
VI. Comparative Advantage Analysis
When compared directly to leading CEX tokens, MBG offers several distinct advantages:
For investors seeking exposure to the CEX token sector, MBG offers a unique value proposition that merges institutional credibility with crypto innovation at an early stage of development. The combination of established TradFi infrastructure, aggressive tokenomics, and comprehensive utility creates a potentially powerful value proposition in the current market environment.
The post MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape appeared first on Coinpedia Fintech News
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape. I. Tokenomics: Strategic Scarcity by Design MBG’s tokenomics structure appears more aggressive …
A viral Twitter thread by popular finance YouTuber Andrei Jikh reignited scrutiny over XRP’s real-world utility. The post prompted Ripple CTO David Schwartz and other crypto figures to publicly respond.
The exchange laid bare the growing tension between XRP’s original promise and its current adoption status, despite Ripple’s claims of over 300 bank partnerships.
Why XRP Ledger Doesn’t Have More On-Chain Volume
Andrei Jikh, with over 2.5 million subscribers, questioned why, after 13 years, there isn’t billions in daily on-chain volume flowing through the XRP Ledger (XRPL).
“If XRP is volatile, why use it over stablecoins for transfers?” Jikh asked. “Why would any institution want to hold a volatile token for payments?”
The thread quickly gained traction, sparking thousands of reposts and drawing responses from Ripple’s top technologist and community leaders.
Even Ripple Doesn’t Use XRP On Decentralized Exchanges
Ripple CTO, David Schwartz, acknowledged the sluggish pace of on-chain adoption. He attributed it to regulatory and compliance concerns.
“Even Ripple can’t use the XRPL DEX for payments yet,” Schwartz admitted, citing the risk of a terrorist providing liquidity, a scenario that complicates usage by regulated entities. He pointed to upcoming features like permissioned domains as solutions to this barrier.
On the volatility question, Schwartz said XRP’s speed minimizes risk and likened its use to holding a bridge currency for flexibility.
“A bridge currency only works if someone is holding it so that you can get it precisely when you need it,” he explained.
Still, he admitted that institutional comfort with on-chain transparency remains a challenge. Apparently, Ripple is exploring ways to obscure sensitive data on-chain for early adopters.
Ripple CTO Talks About XRP Utility
Debate Over Stablecoins vs XRP
One of the sharpest points of debate centered on whether XRP is still needed as a bridge currency when stablecoins can already serve that role.
Schwartz argued that no single stablecoin can dominate due to jurisdictional limits and currency peg constraints.
“If we’re in a multi-stablecoin world, it still makes sense to have a neutral bridge asset like XRP,” he said.
But Jikh pushed back, questioning the practical need for XRP in that scenario, especially when CBDCs or local stablecoins could provide the same service without exposure to price volatility.
Others joined the thread to offer both support and criticism.
Former Ripple Director Matt Hamilton clarified that most Ripple bank partners use RippleNet, a separate off-chain network, and not the public XRPL.
He emphasized that RippleNet and XRPL are distinct. Ripple’s enterprise adoption hasn’t necessarily translated into on-chain XRP volume.
I’m pretty sure you’ve had all of these answered before over the years. But for the benefit of those new here let me run through them point by point
1. Majority of Ripple’s banking partners are not using on-chain yet. Most are on RippleNet, a totally different network to the…
Meanwhile, critics claimed that many partnerships never materialized. They pointed to XRP’s low Total Value Locked (TVL), lack of smart contract support, and its centralized validator set as evidence that the project is no longer competitive.
“XRP is only a gas token now… ranked 48th in TVL,” one critic said. “Why would any institution opt for XRPL when Ethereum offers better decentralization and composability?”
Schwartz responded with an analogy to Circle, which doesn’t run its own blockchain for USDC. The Ripple CTO implied that multi-chain deployment and interoperability are more important than exclusive control.
The viral thread exposed a core challenge for Ripple. That is bridging the gap between institutional adoption and on-chain XRP utility.
