Donald Trump crypto dinner is all set to happen today, May 22, 2025, after finally revealing the invite list for the eligible investors. People all around the world participated in the Trump Gala dinner, spending millions on their TRUMP meme coin holdings. Interestingly, it is a once-in-a-lifetime event to meet the US President Donald Trump and likely participate in the development of the industry. What to expect? Let’s discuss. Donald Trump Crypto Dinner Date, Time & Other Details Back in April, Donald Trump promised a crypto dinner for the top TRUMP meme coin holders. Now, the event is all set to take place today, May 22, 2024, hosting 220 top token holders at Trump National Golf Club in Potomac Falls, Virginia. Although the exact identity of these holders is not yet available, their wallet addresses are revealed. They will go through a full background check before the event begins at… Read More at Coingape.com
Thumzup Media Corporate adopted Bitcoin as a treasury reserve asset akin to Strategy.
The company intends to sell common stock, preferred stock, and warrant units to strengthen its BTC holdings.
Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States Securities and Exchange Commission (SEC) to offer up to $200 million. The company announced that it may partake in one or more offerings to sell common stock, preferred stock, warrants units, or a combination of the securities
“Unless otherwise indicated in a prospectus supplement, we intend to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, including for the purchase of Bitcoin as our primary reserve asset,” the company noted.
Thumzup adopted Bitcoin as a treasury reserve and has since accumulated around 29 BTCs. In the long haul, Thumzup intends to hold up to 90 percent of its surplus in Bitcoin. Moreover, the company is determined to rank among the top 70 publicly traded companies holding Bitcoin.
Impact on Bitcoin Price Action
According to data from BitcoinTreasuries, around 190 entities, led by public companies, hold more than 3.26 million BTCs. The entrance of nation-states in the Bitcoin market has accelerated its adoption by institutional investors seeking to hedge against macroeconomic uncertainty and high inflation.
Bitcoin price is expected to follow the global money supply (M2) and gold in rallying parabolically, catalyzed by heavy demand. From a technical analysis, BTC price is well positioned to reach a new all-time high before the end of the second quarter of 2025.
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Thumzup Media Corporate adopted Bitcoin as a treasury reserve asset akin to Strategy. The company intends to sell common stock, preferred stock, and warrant units to strengthen its BTC holdings. Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States …
XRP price managed to retake the $2.3 level on Wednesday US SEC decision to delay altcoin spot ETF decision triggered an initial pullback towards $2.24. Can Ripple CEO, Brad Garlinhouse’ latest product proposal spur more gains in the days ahead?
XRP has maintained its footing above the $2.00 mark this week, even as the U.S. Securities and Exchange Commission (SEC) postponed its decision on multiple altcoin ETFs.
Ripple (XRP) Price Action| Source: Coingecko
On Tuesday, April 29, Ripple price is floating between $2.01 and $2.17, reflecting a 4.2% gain over the past seven days, signalling that the intially sell-off after the SEC announced the delayed verdict.
The delay in ETF decisions, particularly affecting Solana, Cardano, and Avalanche, and XRP. This intitaily caused a capital rotation back into BTC and ETH, as XRP price plunged to a daily timeframe low of $2.3
However, Bloomberg analyst Eric Balchunas confirmed that the delay were part of normal review procedure of the SEC, reitarating high chances of approval. Following this, altcoin markets regained balances, with XRP price risking 1.7% to retake the $2.30 level at press time.
Ripple Founder Salary Proposal Inspires Payment Model Shift
Ripple CEO Brad Garlinghouse has reignited conversation around blockchain’s XRP’s real-world use cases. An X post shared by prominent analyst “CryptoSensei” showed Brad Garlinghouse proposing a new Salary model for workers globally.
“Why not get paid daily, hourly, or even by the second? – Garlinghouse asked.
The idea centers on eliminating outdated friction in global payments. Garlinghouse argued that the current monthly or biweekly paycheck system exists only due to settlement lag in traditional finance. In contrast, Ripple’s on-chain payments infrastructure could enable seamless, real-time compensation flows.
With RippleNet and the XRP Ledger already enabling low-cost, cross-border payments, analysts believe Garlinghouse’s idea could become a core use case for XRP. Enabling Real-time salary estimation and micro-payments would position XRP more major gains and international adoption.
This proposal may have contributed to XRP’s intraday price recovery above the $2.30 level at the time of publication on Wednesday.
XRP Price Forecast: Can Ripple Founder’s Proposal Drive XRP Price to $5?
The $5 XRP price target is gaining traction once again, as both technical patterns and market narrative momentum align for a mild rebound above $2.30 on Wednesday.
Garlinghouse’s salary streaming proposal could ignite interest among fintech leaders and institutional players exploring payroll automation. If Ripple successfully launches real-world applications of micro-wage payments via XRP, the coin could instantly evolve from a speculative asset into a core financial utility.
Short-Term XRP Technical Outlook: Momentum Builds but Resistance Looms at $3.50
XRP is currently trading at $2.2499, having posted a marginal daily gain of +0.53%. The asset is trading just below the Keltner Channel midline resistance of $2.3877, a level that will likely serve as the first major hurdle for bullish continuation.
The Relative Strength Index on Moving Average (RSIOMA) shows bullish convergence:
RSI is currently at 68.87, approaching the overbought zone.
The RSI MA has trended higher to 54.55, supporting ongoing momentum.
A bullish crossover occurred mid-April, and the green histogram continues to widen, suggesting sustained buyer interest. However, volume has yet to show explosive growth, with daily trading volumes capped at 18.58M, indicating the current rally is still fragile without stronger accumulation support.
Key Technical Levels:
Support: $2.17 (Keltner mid-band), followed by $1.96
Resistance: $2.39 (Keltner upper band), and psychological threshold at $2.50
RSI Critical Zone: A break above 70 could accelerate buying pressure
XRP Price Forecast
If Ripple executes its payroll automation vision using XRP as a settlement token, market perception could shift dramatically.
Utility-driven narratives are likely to attract institutional flows, particularly if the model demonstrates cost savings and scalability across borders.
In such a scenario, technical targets beyond $3.50 toward the $5 mark become realistic over the next 6–12 months—conditional on:
Regulatory clarity in the U.S. and Europe
Stablecoin legislations in progress and sustained partnerships with enterprise clients
Continued growth in on-chain settlement volume
Conclusion
While XRP’s breakout toward $5 remains speculative in the short term, both technical momentum and growing utility narratives offer a compelling setup. A breakout above $2.39 with volume confirmation could mark the next leg up.
In a positive development for Coinbase, Alabama has officially dropped its enforcement action against the cryptocurrency exchange. This decision marks a shift in the legal challenges facing the company regarding its staking program.
Currently, only five states continue to pursue legal cases against Coinbase’s staking services.
Alabama Drops Coinbase Lawsuit Over Staking
Alabama’s Securities Commission had accused Coinbase of offering unregistered securities through its staking rewards program. The staking service allows users to lock up their digital assets to help verify transactions on a blockchain network. In return, Coinbase provides rewards to the users, and the company earns a commission for facilitating the process.
State regulators, including those from Alabama, argued that the program was an investment contract that would require registration under securities laws.
We’re halfway there: Alabama just dropped its enforcement action against @coinbase – cutting the number of states with misguided staking suits in half in just two months. 1/3 pic.twitter.com/MWVnl30BTl
While the Alabama case may have been dropped, the crypto exchange still faces legal challenges elsewhere, including in Oregon. A development came from pro-XRP lawyer John Deaton, who sharply criticized Oregon’s Attorney General Dan Rayfield’s stance in the state’s case against the crypto exchange. Deaton questioned the rationale behind the legal action, calling Rayfield’s arguments illogical and potentially harmful to the broader cryptocurrency ecosystem.
Other States Involved in Legal Actions
Several states, including California, Illinois, and Washington, filed the Coinbase lawsuit after a multi-state investigation spearheaded by the U.S. Securities Exchange Commission.
The ten states, including Alabama, brought legal suits against Coinbase for allegedly violating laws governing securities in the states through its staking program. While some have issued cease and desist letters to the crypto exchange, others have threatened to fine the company or have flat out banned the provision of staking services.
However, several states have backed down since then, including the US SEC in February this year. Kentucky, Vermont and South Carolina even dismissed their own cases against the exchange and now this is also the case with Alabama. The exchange’s legal department has continually defended the staking activity, saying it is legal and has acted against such trends.
California, Maryland, New Jersey, Washington, and Wisconsin are the only states still actively pursuing legal action against the company. As Coibase’s Chief Legal Officer says, the legal situation is shifting and he would like to see more states withdraw their actions like Alabama.
Shifting Focus to Federal Regulation
Paul Grewal argued that the current patchwork of state-level regulations on staking services is confusing consumers and businesses in the crypto space. He pointed out that four of the remaining states have imposed complete bans on Coinbase’s staking service. These actions, in his opinion, misallocate taxpayer resources.
“It’s time for these outliers to follow suit,” said Grewal. He stressed the need for a clear, federal regulatory framework for digital assets. With the recent drop of the SEC’s own federal case against the crypto exchange over staking, the focus is now on whether Congress will intervene and create a more unified approach to regulating cryptocurrencies.
Coinbase has long advocated for clearer and more consistent regulations for the crypto industry, which would help provide more certainty to both consumers and businesses. The ongoing legal battles in various states only highlight the challenges posed by the lack of a comprehensive federal framework, which the crypto community await to change under the new US SEC Chair Paul Atkins.
