Watcher.Guru’s X Account Hacked: XRP Misinformation Spread

The post Ripple News: Was Donald Trump Behind the $121 Million XRP-Backed Treasury Deal? appeared first on Coinpedia Fintech News

A surprising connection between the U.S. President Donald Trump and a massive $121 million XRP-backed treasury deal is stirring conversations in the crypto world.

Recently, VivoPower International — a NASDAQ-listed energy firm — announced it had raised $121 million in a private share placement to launch a digital asset treasury strategy centered on XRP. What makes this move even more interesting is that the funding was led by His Royal Highness Prince Abdulaziz bin Turki Al Saud of Saudi Arabia, a long-time investor in digital assets and XRP.

In an official statement, the Saudi prince revealed that his team met with President Trump and his leadership group during a recent visit to Saudi Arabia. Following those discussions, they believed the timing was right to embrace digital assets and blockchain technology in the Kingdom. This meeting appears to have played a key role in accelerating plans for the XRP-focused treasury strategy.

VivoPower aims to become the first public company to officially hold XRP as part of its treasury reserves, joining a growing trend of firms adding cryptocurrencies to their balance sheets. 

Adding to the excitement, former SBI Ripple Asia executive Adam Traidman has joined VivoPower as chairman of its advisory board. Ripple CEO Brad Garlinghouse also acknowledged the move, highlighting it as a major step forward for the XRP ecosystem.

This development shows how digital assets like XRP are being adopted at the institutional and governmental level. While it remains unclear how directly involved Trump was in pushing this deal, the timing and the prince’s remarks hint that their meeting may have influenced the decision.

For XRP holders, this news offers a bullish signal. As more institutions and global players consider integrating digital assets into their financial strategies, XRP appears to be climbing back into the spotlight.

The post Ripple News: Was Donald Trump Behind the $121 Million XRP-Backed Treasury Deal? appeared first on Coinpedia Fintech News
A surprising connection between the U.S. President Donald Trump and a massive $121 million XRP-backed treasury deal is stirring conversations in the crypto world. Recently, VivoPower International — a NASDAQ-listed energy firm — announced it had raised $121 million in a private share placement to launch a digital asset treasury strategy centered on XRP. What …

The Trump Media and Technology Group (TMTG) have written a letter to shareholders as the Donald Trump-affiliated parent firm of Truth Social is considering deepening its ties to crypto. In the letter to investors, the firm revealed its plans to pursue an utility token that can help power its broader ecosystem in today’s financial world. This shift by the Trump Media outfit has generated a massive conversation on X.

Truth Social Token: The Justification

In the shareholder letter, the firm reiterated that the reason for the emergence of Truth Social is to create an alternative platform without censorship. To complement this, the firm told shareholders it has Truth+ operational as a streaming platform for home-safe programs.

To create a system to monetize these various platforms, the firm said it is considering launching an utility token. This, it planned to do within a Truth Digital wallet that can be used to pay for Truth+ subscriptions. Over time, the organization said it will create more utility for the token within the Truth Social ecosystem.

The entire Trump family is now closely linked to the crypto ecosystem. From moves that started with Non-Fungible Token (NFT) launches, the President now have deep ties to the broader decentralized Finance (DeFi) world. While the Truth Social move comes with criticism, it has also garnered support from crypto proponents.

Deepening the World Liberty Financial (WLFI) Mission

The big crypto project backed by the Trump family is World Liberty Financial (WLFI). Beyond the WLFI partnership with Justin Sun and other major proponents in crypto, it is also known for the stablecoin USD1.

Notably, the stablecoin is gaining traction with its market capitalization surpassing the $136 million circulating supply benchmark, per data from CoinMarketCap. Notably, USD1 secured DWF Labs funding worth $25 million as the firm expanded to the US earlier this month.

Beyond the stablecoin engagement, the broader Truth Social and Trump family remain deeply-inclined to emerging technologies.

Implication for DeFi and Crypto Regulation

With 100 days in office, President Donald Trump has kept to his campaign promises to the crypto industry. In the past months, the top US market regulators have dropped lawsuits held against crypto industry proponents. 

In a major pivot, the Federal Reserve revised its crypto guidelines recently to allow banks engage with the industry. The Federal Deposit Insurance Commission (FDIC) and the OCC have also made this important pivot.

Notably, the Trump family may have critics for engaging with digital currencies. However, the promised regulations have sparked a wait-and-see approach from a few optimistic stakeholders.

The post Donald Trump’s Truth Social To Explore Native Token and Digital Wallet appeared first on CoinGape.

Pepe Coin price has dropped in the last six consecutive days as sentiment in the crypto market has waned. However, the ongoing whale accumulation, rising futures open interest, and a double-bottom or W pattern could be a good bullish catalyst for the coin.

Whale Purchases Could Boost Pepe Coin Price

Pepe Coin price could benefit as whales continue buying the dip. Santiment data shows that the supply of Pepe held by whales has been in a steady increase, rising from 147.34 trillion on May 1 to 148.46 trillion today, a 1.1 trillion increase.

Continued whale purchases is a sign that they believe the coin will eventually bounce back in the coming weeks. Also, it could be a sign that they believe that the coin has become a bargain, especially now that the MVRV-Z Ratio has dropped to the opportunity zone of minus 0.638. Historically, parabolic moves happen when the indicator drops.

Pepe Futures Open Interest Rate is a Bullish Catalyst

Further, the Pepe price may benefit as the  futures open interest remains higher than their lowest levels in April. A high interest is a bullish catalyst for this top meme coin as it shows that there is more new money coming into the market. It is also a sign of more liquidity in the crypto market.

CoinGlass data show that Pepe’s open interest has been in an uptrend after bottoming at $166 million in March this year. It has risen to $388 million and has been hovering at its highest level since February of this year. Therefore, this data is a sign that the coin may stage a strong comeback because it shows that there is demand among investors in the futures market.

Pepe Coin Price Technical Analysis: Double-Bottom Points to a Recovery

The daily chart shows that the value of Pepe bottomed at $0.000005683 in March, and then it retested it in April. It has formed a small double-bottom pattern with a neckline at $0.000009210. This pattern often leads to a strong bullish breakout, but in this case, it faced resistance, leading to the ongoing decline. However, this pattern will remain intact if it is above $0.0000056.

Another positive is that Pepe Coin price has formed a giant double-bottom at $0.00000056, its lowest level this year and in August last year. It has a neckline at $0.00002830, its November 2024 high, which is up by 267% from the current level.

Therefore, the most probable Pepe price forecast is bullish or contrarian. A move above the resistance at $0.0000092 will be a sign that bulls have prevailed, raising the possibility of it rising to $0.00001465, the 50% retracement level.

A drop below the year-to-date low will cancel the bullish outlook and point to more downside, potentially to $0.0000038.

The post Will 1.1T Whale Accumulation Spree Catalyze Pepe Coin Price Rally? appeared first on CoinGape.