MUBARAK coin has taken the crypto market by storm, skyrocketing 200% in just 48 hours. The token’s price jumped to $0.206, with its market value touching $200 million. The sudden surge is largely due to its listing on Binance Alpha and an unexpected move by Binance’s former CEO, Changpeng Zhao (CZ), which caught the attention of investors worldwide. The token surged 70% today, reaching $0.20 after CZ, showed interest.
What’s driving the bull run?
The rally gained momentum after CZ made a transaction involving MUBARAK. He swapped 1 BNB for 20,150 MUBARAK, valued at around $600. This move fueled speculation, with many believing CZ’s involvement signaled a strong future for the meme coin. Adding to the excitement, Binance Alpha, a platform known for listing potential high-growth coins, added MUBARAK, making investors even more bullish.
Moreover, the community took notice of this booming coin when a trader turned $232 into $1.1 million in just two days by investing in the Mubarak meme coin. The trader initially bought 10.5 million tokens and later sold some for $363,500 while still holding 5.16 million tokens.
Despite the hype, CZ downplayed his role in the coin’s rise. In an X post, he said, “People give me too much credit. I didn’t do anything magical—builders did the work.” Still, his name alone was enough to boost MUBARAK’s appeal, leading to massive buying activity.
Price Rally and Future Potential
MUBARAK has been in a strong uptrend, with its price hitting an all-time high (ATH) of $0.221. While some expect it to climb further, possibly reaching $0.500, others warn that the rally is fueled mainly by hype.
Technical indicators, such as the Relative Strength Index (RSI), suggest the coin is in an “overbought” zone. This means prices may continue to rise, but a pullback is also likely if the hype fades. If momentum weakens, MUBARAK could fall to $0.149 or even $0.108.
What’s Next for MUBARAK?
For now, the coin remains in the spotlight, with traders closely watching its movement. If the enthusiasm continues, MUBARAK could break new highs. However, if investors realize it lacks real utility, a sharp drop could follow. The coming days will determine whether this rally has staying power or if it’s just another short-lived crypto craze.
Nike is under fire after a group of investors filed a class action lawsuit, accusing the sportswear giant of causing massive financial losses by shutting down RTFKT, its Web3-focused subsidiary acquired in 2021.
The investors claim Nike’s actions led to a sharp collapse in the value of Nike-branded NFTs, wiping out millions in investments.
Nike Accused of Promoting Unregistered Securities Through NFTs
According to court documents, Nike allegedly “rugpulled” the community by closing RTFKT and cutting off demand for the associated digital assets.
The plaintiffs argue that Nike used its brand power and marketing expertise to promote what they describe as unregistered securities before suddenly abandoning the project.
This NFT project made $168M
Nike bought it
Elon Musk and Kanye West wore their shoes
Now the collection is gone And so are the founders
However, once RTFKT was dissolved, these incentives vanished. Buyers who once anticipated exclusive rewards and profitable resales saw their investments lose value almost instantly.
“Because The Nike NFTs derived their value from the success of a given promoter and project – here, Nike and its marketing efforts – investors purchased this digital asset with the hope that its value would increase in the future as the project grows in popularity based on the Nike brand,” the lawsuit stated.
The complaint highlights that promises of completing quests, unlocking limited-edition products, and opportunities for secondary sales were key motivations for purchasing the NFTs.
With the collapse of RTFKT’s operations, these incentives evaporated, leaving investors with worthless digital assets.
The investors argued that they would not have purchased the digital assets at inflated prices if they had known the true risks.
“Plaintiff and others would never have purchased the Nike NFTs at the prices they did, or at all, had they known that the Nike NFTs were unregistered securities or that Nike would cause the rug to be pulled out from under them,” the investors argued.
The plaintiffs seek a jury trial and damages exceeding $5 million for the alleged violations of consumer protection laws in New York, California, Florida, and Oregon.
RTFKT Suffers Technical Glitches
Meanwhile, this lawsuit comes as investor frustrations were further amplified on April 24 when technical issues prevented the Nike-linked NFT images from displaying.
“Beginning of April, the decision to stay on Cloudflare Free was (finally) approved and I started the work to move the infrastructure. Somehow this morning Cloudflare decided to move to the Free plan few days before the end of the contract which also triggered that bug in which Cloudflare refuses to stream images and videos,” Cardillo explained.
While most images have since been restored, Cardillo is now moving RTFKT’s NFT files to Arweave’s decentralized storage platform using AR Drive. This step aims to protect NFT holders from similar outages in the future.
In the world of meme coins, Pepe Coin and Shiba Inu are two prominent names and are often considered competitors. Due to PEPE’s sudden popularity and exponential growth in 2024, it was seen as one of the most promising cryptos, but SHIB’s dominance was the best after Dogecoin and could not be shaken. With the crypto market’s changing dynamic, let’s see whether this frog-themed could finally flip its biggest competitor.
Pepe Coin Quick Rise & Fall
Pepe memecoin is a frog-themed cryptocurrency that challenged the entire market with its exponential growth right after its launch. Within a short period, PEPE’s price grew multiple folds, leaving the investors in disbelief and optimism at the same time.
Although things took a turn for the worse, and the price crashed immediately, the hype remained maintained. With high investor demand and whales’ active support, the PEPE price surged higher and higher in 2024, setting an ATH at $0.00002825 in December 2024.
This was the moment that presented the possibility of PEPE flipping the SHIB. Still, the market downtrend ruined the trajectory, and it currently trades at $0.000007182 with a market capitalization of $3.02B and trading volume of $389.39M, much higher than SHIB. However, a few Pepe Coin price predictions present a different picture.
Shiba Inu’s Performance As a Top Meme Coin
Shiba memecoin, inspired by the popular Japanese dog breed, had a slow start in 2021, but with time, it became the second biggest and most popular meme coin. It is often regarded as the Dogecoin Killer, but now PEPE is another competitor due to its bullish price performance.
Unlike PEPE, its prime is long lost, as its ATH sits at $0.00008845, achieved three years ago. More importantly, it has failed to regain a similar rally since then, currently trading at $0.00001274 with a market capitalization of $7.51B and trading volume of $108.08M. Despite the demand, many Shiba Inu predictions claim that another similar rally is nowhere near.
Despite the lack of performance, its comparatively higher stability over the years has made it superior to Pepe memecoin.
Pepe Coin Price Prediction: Will PEPE Finally Flip Shiba Inu in 2025?
Pepe coin’s bullish price performance in 2024 has led many investors to anticipate it to surpass the Shiba Inu coin. Crypto analyst Jameson once argued that PEPE can flip SHIB due to highly bullish triangle pattern formation. He claimed that it is a matter of time before this actually happens.
Although this has not happened to this day, the possibility still exists. Recently, another analyst, Chandler, questioned, “Can’t believe PEPE still hasn’t flipped SHIB in market cap. Absolute joke.” His question was based on the trading volume difference between the two, where PEPE has nearly twice the SHIB despite the latter having higher demand and stable price performance.
Others added that it was a matter of time before this happened. Some regarded PEPE as the king of the internet and predicted it would reach significant highs. However, its failure to do so limited the possibility. More importantly, for Pepe Coin to flip Shiba Inu, its price will have to be $0.00001802 today to achieve the same market cap as the latter, which is impossible.
The same is true on most predictions, as PEPE’s market cap has to be higher than SHIB’s, which is more than twice in the current scenario. However, in the most optimistic scenario, this may happen.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to view the market from the eyes of financial experts across TradFi and crypto. Given the more established financial channels, there is growing overlap, with Bitcoin (BTC) inadvertently benefiting from TradFi woes.
Crypto News of the Day: Max Keiser Says Bitcoin and Saylor Are the Future
Warren Buffett made the ultimate case for Bitcoin as the American investor considers stepping down as CEO of Berkshire Hathaway.
Pending board approval, Buffett could step aside at the end of the year, giving way for Greg Abel, vice chair of non-insurance operations, to become Berkshire’s new chief.
This revelation came at Berkshire Hathaway’s annual shareholder meeting on May 3, 2025, where Buffett also offered a stark warning about the long-term value of the US dollar.
He noted that every system eventually debases its currency. According to Warren Buffett, government decisions make paper money lose value over time.
“In the end, if you get people to control the currency, you can issue paper money, and you will,” Buffett told shareholders in Omaha.
Warren Buffett Slams US Fiscal Policy at Berkshire Hathaway Annual Shareholder Meeting
Without naming alternatives such as Bitcoin, the 93-year-old investor cautioned against holding assets denominated in a currency he said was systematically devalued by government policy.
“The natural course of government is to make the currency worth less over time… Some places devalue at breathtaking rates… it’s not evil, it’s just their job,” he added.
The investing icon said that if his late partner, Charlie Munger, had to choose a second area besides stocks, he would have gone into foreign exchange.
These remarks suggested an openness to non-traditional assets. Bitcoin advocate and broadcaster Max Keiser responded to the remarks in an interview with BeInCrypto.
Max Keiser interprets Buffett’s comments as a tacit validation of the thesis behind Bitcoin.
“Executive chairman and co-founder of MicroStrategy Michael Saylor is the Warren Buffett of the 21st century. He saw what Buffett described and built his strategy around it,” Keiser started.
“Warren Buffett built his empire on money printing. Most of his holdings over the years have been in banks, insurance companies, and financial services,” Keiser claimed.
In his view, Buffett benefited from having political leverage in Washington, particularly during the 2008 financial crisis. During this time, Keiser says, his [Buffett] investments in Wall Street institutions aligned with government-led rescue efforts.
Buffett’s Role During The 2008 Financial Crisis Is Well Documented
Michael Saylor, meanwhile, has taken a dramatically different approach. Under his leadership, MicroStrategy (now Strategy) began acquiring Bitcoin in 2020 as part of its corporate treasury strategy. The firm cited concerns about the long-term debasement of fiat currencies.
As of early 2025, the company holds more than 200,000 BTC, worth tens of billions of dollars at current market prices. A recent US Crypto News publication revealed one of Strategy’s latest Bitcoin purchases.
Buffett has long been critical of Bitcoin, famously calling it “rat poison squared” in 2018. However, some in the digital asset space have interpreted his recent comments about currency debasement as aligning with core arguments made by Bitcoin proponents.
Based on his remarks, the American investor and philanthropist is concerned about the US fiscal policy.
His comments allude that while he may not like Bitcoin, he clearly understands why it exists. Sentiment on X (Twitter) shows that community members took notice.
Responses suggest that if Warren Buffett understands money and its flaws manifested in fiat form, why does he not endorse Bitcoin as the solution?
“Warren Buffet talks about the virtues of Bitcoin without mentioning Bitcoin,” one user on X quipped.
Meanwhile, others hope Buffett’s prospective replacement as CEO will see the next Berkshire Hathaway chief to lead the company in a different direction, potentially adopting Bitcoin.
A spokesperson for Berkshire Hathaway did not immediately respond to a request for comment on Keiser’s remarks.
Elsewhere, and in line with Buffett’s statement about foreign exchange, QCP Capital analysts cite a remarkable 8% rally in the Taiwanese Dollar (TWD) on Monday.
They cite this as the TWD’s sharpest move in decades, alongside gains in other APAC currencies with strong current account surpluses. According to the analysts, speculation over a potential US-Taiwan trade deal drove this rally, as did insurer-hedging flows, pushing TWD’s 1Y NDF spread to its widest since 2008.
While Taiwan’s trade surplus supports the TWD, capital outflows have historically balanced it. This shift mirrors past foreign exchange dislocations like the 2023 JPY carry unwind.
For crypto, the move signals possible macro volatility ahead, with gold up 3% and BTC facing a binary path tied to global capital flows and trade diplomacy.
“In a market where correlations are fraying, FX may once again be the canary in the macro coalmine,” wrote QCP analysts.
Chart of the Day
US dollar index (DXY) performance year-to-date. Source: TradingView
The chart shows the US Dollar Index (DXY) trend from 2025, reflecting fluctuations in the value of the US dollar against a basket of major currencies. It indicates a downward movement from February to May, with a recent slight recovery.
Byte-Sized Alpha
Here’s a summary of more crypto news to follow today:
A new discussion draft introduces a framework to reduce market concentration and foster innovation. The bill clarifies jurisdiction between the SEC and CFTC, emphasizing decentralized systems and providing regulatory clarity for digital asset markets.
