News & Insights

Stay updated with the latest developments from the XRP Echo validator, token governance, and the broader XRPL ecosystem.

Stablecoin USDC issuer Circle files for $624 million IPO – More inside

Circle, the company that issues the USDC stablecoin, is proceeding with plans for an Initial Public Offering (IPO), potentially reaching a valuation of $6.7 billion. Amidst rumors of acquisition by major cryptocurrency players like Coinbase and Ripple, Circle has presented its intention to offer 24 million shares, priced between $24 and $26 each. The company hopes to raise up to $624 million through this public offering.

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cryptocurrency 22:00, 28 May 2025

Congressman Bryan Steil: Why crypto bills should refrain from ‘unrelated content’

As the United States intensifies its efforts to regulate the burgeoning cryptocurrency sector, there is a concerted push by some legislators to keep the process laser-focused. Congressman Bryan Steil, who leads the House Financial Services Subcommittee on Digital Assets from Wisconsin, is at the forefront of this movement. He has been vocal about the necessity to strip any extraneous provisions from significant crypto bills that could potentially slow down the establishment of a robust regulatory structure for the industry. Steil highlights the importance of streamlined and coherent law-making, aiming to prevent the cryptocurrency bill from being burdened with irrelevant content based on individual lawmakers' demands.

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Coinbase Premium Index 21:00, 28 May 2025

Bitcoin eyes $110K again – THIS group is now leading the charge

The Coinbase Premium Index has been indicating a strong demand for Bitcoin from U.S. investors as it remained positive for three consecutive weeks. This consistent positive performance is a sign of healthy buying interest and could suggest a potential for Bitcoin's price to surge past $110,000, using it as a new support level. However, should this trend not continue, a retreat to $106,204 might be on the horizon.

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Bitcoin miner sales double after BTC’s ATH, but here’s what absorbed the pressure

As Bitcoin reaches new all-time highs, its relationship with various market indicators and the behavior of miners and holders continues to be a topic of interest in the cryptocurrency community. Recently, there has been a noticeable increase in Bitcoin withdrawals from trading platforms, indicating a rising adoption and consistent demand for the digital asset despite increased selling pressure from miners.

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Bitcoin 20:00, 28 May 2025

Over $150 mln in Bitcoin moved to Coinbase – Is a whale sell-off coming?

More than $174 million in Bitcoin (BTC) has recently been deposited into Coinbase, one of the leading cryptocurrency exchanges, raising concerns about a possible market sell-off by large holders, colloquially known as 'whales.' However, a deeper analysis of the on-chain data suggests that the truth might be different from initial fears, and could even be indicative of a bullish trend.

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Bitcoin 19:00, 28 May 2025

Bitcoin vs. Gold: Bloomberg strategist hints at shock twist ahead

Bitcoin has outperformed the yield of U.S. 30-year Treasury Bonds, resulting in a shift in its perception amongst investors. This outperformance is seen as an indicator that Bitcoin may have a potential role beyond just being a speculative asset, and it’s attracting increased attention from institutional investors who traditionally have relied on government bonds for stable, long-term returns. As traditional bond yields remain low, Bitcoin's appreciation in yield is making it an increasingly attractive investment option with a comparative edge in the financial market.

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‘Common denominators’ in crypto and AI, outlined by David Sacks

The U.S. Trump administration has recently pivoted to a pro-Bitcoin stance with the installation of a Strategic Digital Asset Reserve, reflecting a significant policy change towards acceptance of digital assets. This shift was announced by David Sacks, the official leading artificial intelligence and cryptocurrency initiatives at the White House, during the Bitcoin 2025 conference in Las Vegas. In his dialogue with Gemini founders Cameron and Tyler Winklevoss, Sacks explained that the administration is reversing previous regulatory resistance and is fulfilling key promises related to digital assets within its first 100 days.

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Dogecoin: THIS will decide if DOGE rockets to $0.25 or rolls over

The cryptocurrency Dogecoin (DOGE) has recently triggered a TD Sequential buy signal on its hourly chart, which typically indicates the potential for an upward price movement. This signal has emerged as the digital coin experienced price consolidation near the $0.222 level, which is considered a key support zone within the established trading range of $0.21 to $0.26. Based on historical patterns, similar setups have often preceded price reversals when they occur near the lower boundaries of such price ranges.

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Ethereum 16:00, 28 May 2025

Ethereum’s $12.8mln Kraken exodus can fuel a $3K chase if….

Over the past 30 days, Ethereum (ETH) has garnered significant interest and buying pressure, particularly from so-called "whales," who are large holders of cryptocurrency. These investors have collectively purchased over 1 million ETH, signaling strong belief in the asset's future value. Notably, there have been significant transactions observed recently with two newly created wallets withdrawing 4,838 ETH, valued at $12.86 million, from the Kraken exchange.

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PEPE’s $3.36mln whale dump jolts Binance – What comes next?

The cryptocurrency PEPE, associated with James Wynn, has been subject to market forces that reflect both heightened volatility and a lack of clear directional bias. A significant deposit of 240 billion PEPE, valued at $3.36 million, was made into Binance from a whale wallet, leading to fears of potential sell-off pressures. Despite this deposit, the same wallet retained over 203 billion PEPE, equivalent to $2.85 million.

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Bitcoin faces critical $112K test – Will 2 factors propel BTC higher?

Recent data on Bitcoin's on-chain activity and market trends show signs that the cryptocurrency may be entering a bullish phase. Notably, Bitcoin has moved above its 365-day MVRV Moving Average (SMA365), a significant benchmark historically associated with triggering upward price movements. The current value at 2.36 hints that long-term holders are now in profit, potentially sparking renewed optimism in the market.

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Altseason may have come and gone – All about the latest micro rallies

Over the past several months, a new trend has been observed in the cryptocurrency market, particularly involving altcoins. What was traditionally known as "altseason," a time when alternative cryptocurrencies to Bitcoin experience prolonged and explosive growth, is now occurring in a vastly different manner. The market is witnessing multiple short-lived altseasons that flash by, often within the span of a day and sometimes only for a few minutes — too quick for the average retail trader to capitalize on these opportunities.

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XMR 13:00, 28 May 2025

Monero [XMR] freefalls 15% – But why this may not last

Monero (XMR), a well-known cryptocurrency, experienced a significant drop in value, with a 15.15% decrease in a matter of 24 hours. This sudden fall in price effectively wiped out most of the gains it had achieved during the month of May and brought it down to a crucial support level at $331. Despite previous positive funding rates indicating bullish sentiment among traders, the current situation has increased the risk of liquidations, particularly for those with long positions who may face losses if the price dips below the $331 mark.

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Ripple Urges SEC for Clear Rules on XRP and Token Classification

Ripple, a San Francisco-based company, has escalated its stance against the U.S. Securities and Exchange Commission (SEC), advocating for modernized regulations concerning crypto tokens such as XRP. In response to a "New Paradigm" speech by SEC Commissioner Hester Peirce, Ripple submitted a letter to the SEC's Crypto Task Force, calling for better-defined legal frameworks for the digital assets market.

www.crypto-news-flash.com

SPX surges 24% in 24 hours – Is $0.90 the launchpad everyone wants?

The digital currency SPX6900 has seen a significant surge in interest and investment over the previous day, with its value increasing by 24% to reach a three-month peak of $1.0179. Its trading price later slightly adjusted to $0.996, still representing a notable 17.29% gain within the daily timeframe. The market momentum for SPX6900 has been accompanied by a remarkable 184.91% boost in trade volume, totaling $140.21 million.

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Cetus exploit: Sui Foundation’s plans for a ‘100% recovery’ entails…

The Cetus protocol, a pivotal player in the cryptocurrency sector, faced a major challenge when an exploit resulted in a staggering loss of $223 million. In a robust response, the Sui Foundation has proffered a secured loan to ensure that all affected users are fully reimbursed. This initiative is part of a comprehensive recovery plan involving both the foundation's financial support and Cetus' treasury assets, aiming to mend the incursion's repercussions.

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Examining why Chainlink’s breakout fizzled out right when it mattered

Chainlink, a cryptocurrency token denoted as LINK, recently exhibited bullish market structures yet faced the threat of price depreciation due to weakening demand. Although it successfully breached a six-week resistance level on May 8th, the anticipated momentum that was supposed to follow this breakthrough did not materialize.

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Injective bulls return with 8% rally – But this could only be the start for INJ

Injective (INJ), a popular cryptocurrency, has demonstrated bullish momentum in its recent market behavior. The token recently saw a significant price breakout past the $14.4 resistance level, suggesting to investors that it may have presented a favorable buying opportunity. Despite a slowdown in demand over the previous two weeks, this did not raise serious concerns about the token's overall potential.

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Is CAKE’s rejection at $2.95 a buying opportunity or a warning sign?

PancakeSwap (CAKE), a decentralized exchange (DEX) token on the Binance Coin (BNB) Chain, has been experiencing a significant rally that pushed its value towards the psychological $3 mark, demonstrating high demand among traders. The token has been fluctuating within a five-month range between $1.37 to $2.95, briefly reaching the upper boundary before facing rejection and undergoing a slight decrease in value by 5.6% over an 11-hour period following a rapid 22% increase in just six hours.

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Japan’s bond market in crisis – Could Bitcoin be the unexpected safe haven?

The Japanese bond market is currently undergoing a liquidity crisis, the most severe since the global financial crisis of 2008. A sharp rise in long-term bond yields and a significant plunge in the value of the 40-year bond, resulting in over $500 billion in lost market capitalization, have marked this crisis. The turbulence appears to be emanating from the Bank of Japan's (BOJ) monetary policy shifts. After ending years of substantial bond purchases, the BOJ decreased interventions, which led to a flooding of bond supply and a jump in yields. Notably, the BOJ possesses around $4.1 trillion in government debt, more than half of all outstanding bonds. This has notably distorted the market and affected investor sentiment.

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crypto tax regime 05:00, 28 May 2025

India’s crypto industry pushes for major tax cuts to revive the sector 

India's cryptocurrency sector is actively pursuing a more lenient tax framework as the nation braces for a significant expansion in the market. Crypto industry representatives are advocating for changes to the current tax regime that imposes a 30% tax on crypto gains and a 1% tax deducted at source (TDS) on every transaction. These measures were introduced to increase the transparency and traceability of transactions but have been criticized for potentially stifling market growth and pushing investors and traders to overseas platforms.

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Solana – Here’s why its negative funding rate shouldn’t worry you… yet!

Solana (SOL) has shown a slight negative funding rate, which may be an early sign of a short market correction. Although the negative funding rate of -0.0002% is relatively small, it is notable as Solana is the only top 10 cryptocurrency, excluding stablecoins, to register such a negative rate. Funding rates are used to measure sentiments in the derivatives markets, with a negative funding level suggesting short sellers are paying financing to long buyers, often indicative of a mild bearish sentiment. This comes at a time when other assets in the market are mostly experiencing positive or neutral funding rates.

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Bitcoin 04:00, 25 May 2025

Bitcoin gains as U.S. labor market weakens: BTC as a safe haven, confirmed?

The American economy is showing signs of potential turmoil, as evidenced by the second consecutive monthly drop in the Kansas City Federal Reserve’s Labor Market Conditions Indicators (LMCI). This decrease highlights a weakening job market, signaling a higher likelihood of an imminent recession. The labor market, a key indicator of economic health, is sputtering, suggesting that the Federal Reserve's tight monetary policy could be significantly impacting the broader economy.

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Ethena hits resistance at $0.378: Can THIS group help drive a recovery?

The cryptocurrency market has recently witnessed a significant price drop of Ethena (ENA), which fell by 17% in a short span of 24 hours. This downward trend has been primarily attributed to substantial sell-offs by large investors, also known as whales. In contrast to the whales, spot retail investors are actively trying to stabilize the price by buying ENA.

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Bitcoin HODLers refuse to sell $11B in profits – Will their patience be rewarded?

Bitcoin (BTC) has recently achieved a notable milestone by reaching a new all-time high of $112k, despite this, investors and holders are showing an unusual pattern of behavior compared to previous rallies. Unlike past trends where a rise in Bitcoin's value triggered substantial profit-taking, the recent surge to $112k was met with a stoic response from the market in terms of realized profits, which stood at approximately 104,000 BTC—valued around $11 billion. This figure is modest when juxtaposed with the historical threshold of 350,000 BTC which has previously indicated market tops. It suggests that there is still significant room for realized profits to grow before hitting the levels that could suggest an impending market peak.

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