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Michael Saylor has hinted at an incoming Strategy (formerly MicroStrategy) Bitcoin acquisition after pausing its 12-week purchase streak. The hint has sent the MSTR price surging in premarket trading while BTC consolidates the $118K mark. Michael Saylor Hints At Fresh Strategy Bitcoin Buy Strategy founder Michael Saylor has flashed a signal for the company to
The post Michael Saylor To Resume Bitcoin Acquisitions For Strategy After Brief Pause appeared first on CoinGape.
During a livestream hosted by the leading exchange HTX, Founder of TRON and Advisor to HTX, Justin Sun expressed confidence in the approval of the newly filed Canary Capital Group Staked TRX ETF, calling it a “non-replicable” opportunity for both investors and the broader crypto market.
The event, titled “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, featured @HTX_Molly and leading crypto influencers in discussion with Sun on the TRX ETF filing, the outlook for staking-based ETFs, and the path to regulatory compliance.
The key differentiator of this TRX ETF application is its inclusion of a staking mechanism, which could provide investors with enhanced yield opportunities. Notably, the TRX ETF is among the few, out of all crypto ETFs with pending S-1 filings, to incorporate staking features.
While the application process for such ETFs is significantly more challenging than for spot ETFs – evidenced by the past failures of Staked ETH ETF applications – Justin Sun remains hopeful. He believes the SEC, under its new crypto-friendly Chairman Paul Atkins, is showing increased openness toward cryptocurrencies. Therefore, the TRX ETF application seeks immediate approval, aiming to be the groundbreaking cryptocurrency ETF to integrate staking. Its success, he asserts, would make its value “unreplicable.”
“The market might be undervaluing the probability of the TRX ETF’s approval, a matter of which I am highly confident,” Justin Sun remarked. His confidence stems partly from his considerable experience with crypto ETF applications, including his involvement in securing approval for the initial Bitcoin futures ETFs and the subsequent Bitcoin spot ETFs. Furthermore, the TRX ETP’s successful listing and outperformance against Bitcoin and Ethereum equivalents in Europe provide a strong precedent.
Justin argues that the rarity of ETF applications reaching the S-1 filing stage indicates that approval for the TRX ETF may not be far off. He also noted that even if the SEC rejects the initial submission, the team will revise the S-1 document in accordance with the SEC’s recommendations and continue the application process.
Justin Sun suggests that the potential impact of TRX ETF approval is underestimated. “The approval of the Bitcoin spot ETF demonstrated that a few tens of billions of dollars in inflows could trigger a trillion-dollar market rally. This is a prime example of ‘confidence leverage.’ The TRX ETF’s approval could have a similar or even greater impact, potentially igniting the next bull run and attracting a new wave of institutional interest in crypto ETFs on Wall Street.”
Simultaneously, the ETF will facilitate RWA (Real-World Assets) growth. “The real breakthrough for RWA won’t just come from technological progress but from building a mutually beneficial ecosystem,” Justin explained. “Traditional institutions aren’t held back by technology. They’re limited by the absence of a clear mechanism to acquire public chain tokens and share in their appreciation. The ETF serves as the key to unlocking this – without it, large-scale institutional investment is unlikely, thus hindering the movement of trillions in assets onto the blockchain. The ETF isn’t just a price catalyst; it’s the decisive factor in the successful adoption of RWA.”
Looking ahead, Justin emphasized that this year will be pivotal for enhancing regulatory compliance and expanding collaborations within the U.S. market. “The TRX ETF application is just the beginning. TRON and HTX have significant developments planned for each subsequent quarter, with the necessary groundwork already underway.”
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 HTX.com/, and follow HTX on X, Telegram, and Discord.
The post Justin Sun Highlights TRX ETF Potential, Says Market Underestimates Impact appeared first on BeInCrypto.
Dogecoin price struggles under the $0.18 resistance as geopolitical tension rises. Here’s how DOGE could react if it matches 30% of US M1 Supply.
Dogecoin (DOGE) price momentum has weakened over the past two weeks, mirroring broader risk-off sentiment in the broader crypto markets. This bearish sentiment further intensified on Tuesday, amid rising geopolitical tensions between India and Pakistan, which have triggered caution across global equities markets.
As of May 6, 2025, DOGE trades at $0.1712, reflecting a 0.2% drop in 24 hours, a 1.7% loss over the past week, and a 4.1% decline in the last 14 days.
Dogecoin price struggles under the $0.17 at press time Tuesday, as the meme coin has repeatedly failed to break above the key psychological resistance level at $0.18 during a broader market recovery earlier during the trading session.
The current DOGE price downturn reflects a cautious stance by traders, given the absence of Dogecoin-specific catalysts and increased volatility in global macroeconomic conditions.
Against Bitcoin, Dogecoin is also losing ground, currently trading at 0.051781 BTC, which marks a 1.4% daily decline.
This underperformance relative to BTC indicates that investors are rotating capital out of higher-risk assets like DOGE and into more established cryptocurrencies and high liquidity markets.
Like other risk assets, DOGE price benefits when central banks expand liquidity, especially through mechanisms like increases in the U.S. M1 supply.
M1 includes physical currency and demand deposits, essentially the most liquid portion of the money supply.
According to recent Federal Reserve data, U.S. M1 stands at approximately $18.5 trillion, having more than doubled since the 2020 pandemic era.
This expansion has historically benefited risk-on assets like tech stocks and cryptocurrencies. Increased M1 often correlates with looser financial conditions, more speculative capital, and higher retail inflows into digital assets.
With persistent inflation and rising fiscal deficits, analysts expect further pressure on the Fed to maintain accommodative liquidity conditions through 2025.
The correlation between rising M1 and crypto price appreciation has held across past bull cycles.
With Dogecoin ETFs under review with the US SEC, if approved, investors view it as a speculative hedge against fiat devaluation. If DOGE adoption increases during a period of monetary expansion, its could enter a parabolic price breakout.
Dogecoin price would reach approximately $35.60 per coin if it matched 30% of the U.S. M1 supply. This is based on the assumption of a $6.1 trillion valuation, 30% of $18.5 trillion, and a projected 150 billion DOGE supply.
This speculative scenario represents a 20,700% gain from today’s price of $0.1712. It assumes near-universal DOGE adoption across U.S. transactions, payments, and reserves, an unlikely but mathematically plausible forecast. Even if DOGE captured just 5% of M1, the token could trade around $5.93, a level unseen even during the 2021 bull run where it hit an all time high of $0.73.
Such a price surge would require fundamental catalyst, such as mainstream integration, and significant institutional demand for Dogecoin ETFs.
Dogecoin price forecast today suggests a mild bearish bias, as the meme token struggles to hold above the mid-Bollinger Band and the 20-day simple moving average (SMA), both currently intersecting near $0.1722.
The latest daily close at $0.1715, just beneath this midline, confirms waning bullish momentum and introduces downside risk, especially as the upper Bollinger Band at $0.1912 remains well out of reach.
More so, DOGE price briefly dipped to $0.1642 in the last session, forming a longer lower shadow, which is often a prime indicator of growing sell pressure beneath $0.17.
Technical indicators reinforce the cautious outlook. The Bollinger Bands are starting to contract after weeks of expansion, signaling reduced volatility and a likely breakout setup.
If $0.1715 fails to hold on a daily closing basis, DOGE could retest the lower Bollinger Band at $0.1532, with intermediate support at $0.1640 acting as the next probable bearish target.
decisive daily close back above $0.1750 would be needed to invalidate the current bearish setup and reintroduce a short-term bullish scenario. Until then, Dogecoin appears vulnerable to a slow bleed toward $0.16 in the coming days.
The post How High Could 1 Dogecoin Price Go If It Matches 30% of US M1 Supply? appeared first on CoinGape.
The crypto market is currently facing a significant correction, with the top tokens like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP experiencing notable dips. The recent crypto price drop has left investors and analysts wondering what’s behind the market crash. Notably, today’s crypto price drop could be attributed to two main factors: President Donald Trump’s recent criticism of China on Truth Social, accusing them of breaching their trade agreement with the US, and the growing likelihood that the Federal Reserve won’t cut interest rates. Crypto Market Crash: Bitcoin & Altcoins Bleed The global crypto market has seen a severe downturn today, losing $186 billion from yesterday’s high. As of press time, the total market cap stands at $3.35 trillion, down by 3.15% over the last 24 hours. Major cryptocurrencies are in the red, with Dogecoin taking the biggest hit among the top 10. As per CoinMarketCap data, Bitcoin is… Read More at Coingape.com
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