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Wednesday, April 30, 2025

Cryptocurrency
U.S. Securities and Exchange Commission Approves Three XRP (XRP) ETFs
U.S. Securities and Exchange Commission Approves Three XRP (XRP) ETFs
By tipranks.com

The US Securities and Exchange Commission (SEC) has approved three XRP (XRP) cryptocurrency exchange-traded funds (ETFs) to be issued by ProShares. ProShares plans to introduce the XRP-tracked products in the coming week. This move is significant for the cryptocurrency market, as it allows investors to access XRP through traditional investment channels. The approval of these ETFs may increase mainstream adoption and investment in XRP.

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TRUMP’s 80% Surge: How an Exclusive Dinner Triggered a 200% Increase In On-Chain Transactions
TRUMP’s 80% Surge: How an Exclusive Dinner Triggered a 200% Increase In On-Chain Transactions

April 29, 2025 • By Ronaldo Marquez

President Trump has organized an exclusive dinner event for the top 220 holders of the TRUMP memecoin, which sparked a significant surge in interest and trading activity. The token's price increased by 80% over the weekend, reaching $16, and on-chain transactions saw a substantial increase. The top 25 holders will have the opportunity to meet President Trump, and the deadline for eligibility is May 12. This surge in interest occurs amid a broader bull run in the cryptocurrency market, with Bitcoin's resurgence and a notable increase in trading volume on centralized exchanges.

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Thousands of Australian bank login details leaked on dark web, and banks can’t stop it
Thousands of Australian bank login details leaked on dark web, and banks can’t stop it

April 29, 2025 • By Demi Huang

Thousands of Australian bank login details have been leaked on the dark web, with over 31,000 sets of credentials stolen from personal devices infected with malware. The affected banks include Commonwealth Bank, ANZ, NAB, and Westpac, with 14,000, 7,000, 5,000, and 4,000 customer credentials stolen, respectively. The Australian Banking Association stated that the issue is not a breach of banking systems but a result of malware targeting individual users' phones and laptops. The stolen data can include usernames, passwords, credit card details, and other sensitive information. Banks are taking steps to secure affected accounts and advise customers to take precautions such as creating unique passwords, installing anti-virus software, and monitoring accounts closely.

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Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details
Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details

April 29, 2025 • By Rubmar Garcia

Monero (XMR) has seen a significant price surge, reaching a four-year high of $347, a 52% increase. However, on-chain detective ZachXBT has linked the surge to suspicious Bitcoin transactions, suggesting that $330 million in Bitcoin was laundered and swapped for XMR. Despite this, crypto analyst Rekt Capital notes that Monero has repeated its 2021 cycle-high and could potentially surge above the $300 barrier if it holds its current range. The cryptocurrency has retraced around 25% from its high and is currently trading between $250-$260.

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Solana (SOL) Sideways But Bullish — Surge May Be Imminent
Solana (SOL) Sideways But Bullish — Surge May Be Imminent

April 29, 2025 • By Aayush Jindal

Solana's price has increased from the $142 support zone and is now consolidating, potentially climbing above the $155 resistance zone. It formed a base above $135 and gained pace, moving above $140 and $142 resistance levels, spiking toward $155 before pulling back to $145. The price is currently trading below $152 and the 100-hourly simple moving average, with a short-term contracting triangle forming on the hourly chart. Resistance is near $149.50, $150, and $152, while support is at $147 and $145. A successful close above $152 could lead to another increase, potentially reaching $165, but failure to rise above $150 could result in a decline toward $138 or $132.

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Letters from an American April 27, 2025
Letters from an American April 27, 2025

April 29, 2025 • By jpdegroot

A new, invitation-only club called "Executive Branch" has opened in Washington, D.C.'s Georgetown neighborhood, backed by Donald Trump Jr. and megadonor Omeed Malik, with membership costing over $500,000. The club allows top business executives to privately meet with Trump advisors and cabinet members. This development is part of a larger trend of corporate influence in the Trump administration, with donors delivering $239 million for Trump's inauguration and billionaire families donating a record-breaking $2.6 billion to federal campaigns in 2024. The administration has also dropped investigations and lawsuits against 89 corporations, many of whose leaders donated heavily to Trump's inaugural fund. Additionally, the USDA has withdrawn a Biden-era rule on salmonella in poultry, benefiting companies like Pilgrim's Pride, which donated $5 million to Trump's inaugural committee. Elon Musk has also benefited from the administration's policies, and his company is working on a multimillion-dollar communications project with the Federal Aviation Administration. The Trump family has invested in artificial intelligence company Dominari Holdings, with the company's stock leaping over 1,000% after the Trump sons joined its advisory board. In response to the administration's actions, House minority leader Hakeem Jeffries and Senator Cory Booker have begun a live-streamed sit-in protest on the steps of the U.S. Capitol to call attention to the Republicans' budget bill, which would slash funding for programs like Medicaid, food assistance, and education.

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Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve
Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve

April 29, 2025 • By benzinga.com

The Arizona House of Representatives has passed two bills that could lead to the state converting up to 10% of its treasury to Bitcoin or other cryptocurrencies. The bills, including the Arizona Strategic Bitcoin Reserve Act, aim to establish a strategic crypto reserve in the state. The legislation has been cleared with 31 votes in favor and 25 against, paving the way for potential cryptocurrency investment.

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Bitcoin Can Hit $200K By Year-End 2025 Amid Continuing US Asset Reallocation: Standard Chartered
Bitcoin Can Hit $200K By Year-End 2025 Amid Continuing US Asset Reallocation: Standard Chartered

April 29, 2025 • By Marvie Basilan

An analyst at Standard Chartered predicts Bitcoin may reach $120,000 this quarter and $200,000 by year's end. Geoffrey Kendrick cites "safe-haven reallocation from gold to BTC" due to whale accumulation and large flows into BTC exchange-traded funds. In the past week, spot Bitcoin ETFs saw over $1.7 billion in inflows, with $912 million on a single day. Kendrick expects a strategic asset reallocation away from US assets to trigger a sharp upswing in Bitcoin, with gains continuing through the summer. Bitcoin has logged steady gains in the past month, recovering from lows below $75,000 to trade near $94,000.

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Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming?
Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming?

April 29, 2025 • By Christian Encila

Brazil has introduced the world's first XRP ETF, listed on the B3 stock exchange by asset manager Hashdex. The fund, called Hashdex Nasdaq XRP Fund de Indices, tracks XRP's price using the Nasdaq XRP Reference Price Index and invests at least 95% of its assets in XRP. The ETF has an annual management fee of 0.7% and a custodian fee of 0.1%. This is Hashdex's ninth cryptocurrency ETF on the B3 exchange, following similar products for Bitcoin, Ethereum, and Solana. The launch puts pressure on the US to approve a spot XRP ETF, with several large asset managers having filed requests. Analysts estimate a 73% probability of US approval, which could increase pressure on American regulators to accept such investment options. Brazil's move marks a milestone in the adoption of cryptocurrencies into mainstream financial markets.

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Trump Memecoin Dips After Early Spike As Dinner With President Attracts Criticism
Trump Memecoin Dips After Early Spike As Dinner With President Attracts Criticism

April 29, 2025 • By benzinga.com

The Official Trump cryptocurrency (CRYPTO: TRUMP) experienced a dip after an initial spike on Monday. The coin had risen to $15.55 but fell as opposition voiced concerns over rewarding its largest investors. The criticism came amid a private dinner event with President Donald Trump, sparking questions about the coin's intentions.

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XRP Price Keeps Bullish Tone – Bulls Eye Higher Levels
XRP Price Keeps Bullish Tone – Bulls Eye Higher Levels

April 29, 2025 • By Aayush Jindal

XRP's price has started a fresh increase, surpassing the $2.250 zone. It is currently consolidating near $2.30 and may aim for further growth. The price formed a high at $2.359 and then corrected, dipping below $2.320 and $2.30 support levels. However, it remained supported near $2.250 and the 76.4% Fib retracement level. XRP is now trading above $2.250 and the 100-hourly Simple Moving Average, with a bullish trend line supporting it at $2.270. Resistance levels are near $2.3150 and $2.350, while support levels are at $2.270 and $2.250. If XRP clears the $2.3150 resistance, it may move toward $2.420 or $2.450. Conversely, if it fails to clear this resistance, it could decline toward $2.220. Technical indicators, such as the MACD and RSI, are currently in the bullish zone, indicating potential for further growth.

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Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills
Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills

April 29, 2025 • By Vince Dioquino

Arizona lawmakers have passed two bills related to cryptocurrency investing, which could make the state a leader in this area if signed into law by Governor Katie Hobbs. The bills, SB1025 and SB1373, establish Arizona's approach to state crypto holdings, with SB1025 focusing on Bitcoin and SB1373 creating infrastructure for managing various digital assets. The bills allow the state treasurer and retirement systems to invest up to 10% of public funds in virtual currencies, specifically Bitcoin, and create a fund to hold digital assets seized by the state. If approved, Arizona could be the first state to fully integrate crypto into its finances. However, the bills still need the governor's approval, which is uncertain due to previous budget negotiations and partisan tensions.

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From a Joke That Went Too Far to Radical Ideology – How Did the Memecoin Paradigm Change
From a Joke That Went Too Far to Radical Ideology – How Did the Memecoin Paradigm Change

April 29, 2025 • By Yaroslav Kalynychenko

Memecoins, initially created as a joke, have evolved into a significant cultural phenomenon influencing politics, economics, and public sentiment. The first memecoin, Dogecoin (DOGE), was created in 2013 as a humorous response to Bitcoin. It gained popularity and inspired the creation of other memecoins, such as YeCoin and MaxCoin. DOGE's success led to its use in charitable initiatives and community-building, with a focus on kindness and unity. In 2021, DOGE became mainstream, with its market cap reaching over $80 billion. Other memecoins, like Shiba and Floki Inu, have also gained popularity and scaled into ecosystems with their own blockchains, decentralized exchanges, and non-fungible tokens (NFTs). However, not all memecoins have grown in a positive direction, with some becoming "trash coins" focused on humor, irony, and virality rather than technical perfection. Memecoins have also been used in politics, with some being created to support or criticize politicians. For example, the "Let's Go Brandon" coin was created as a protest slogan against Joe Biden, while Donald Trump has his own personal token, TRUMP (MAGA). The use of memecoins in politics has raised concerns about their potential to be used for propaganda and financial manipulation. The rise of hate coins, such as Swasticoin, has also sparked controversy and criticism. These coins promote extremist ideologies and have been condemned by human rights groups. The ease of creating tokens on platforms like Solana has made it possible for anyone to launch a coin, regardless of its content or purpose. The future of memecoins is uncertain, with some potentially being used as a tool for shaping politics, culture, and public perception. Others may be used as a situational marketing tool or for promoting extremist ideologies. As the boundaries of what is permissible continue to expand, it is essential to consider the potential consequences of memecoins and their impact on society.

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FTX Estate Sues NFT Marketplace and AI Gaming Platform Over Token Agreements
FTX Estate Sues NFT Marketplace and AI Gaming Platform Over Token Agreements

April 29, 2025 • By Callan Quinn

FTX Estate has filed lawsuits against NFT Stars and Delysium, alleging they failed to deliver tokens promised under investment agreements. The complaints, filed in US Bankruptcy Court in Delaware, seek to compel the companies to turn over tokens purchased through Simple Agreements for Future Tokens (SAFTs). FTX claims NFT Stars owes over 831,000 SENATE tokens and 83 million SIDUS tokens, while Delysium allegedly extended the vesting schedule for $AGI tokens unilaterally and refused to transfer any tokens. The lawsuits are part of FTX's efforts to recover assets for creditors following its collapse in November 2022.

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Bitcoin Battles Key Resistance Level – Is A Breakdown Imminent?
Bitcoin Battles Key Resistance Level – Is A Breakdown Imminent?

April 29, 2025 • By Ash Tiwari

Bitcoin (BTC) is currently trading at $93,972, up 0.3% over the past 24 hours, after posting modest gains over the weekend. On-chain analyst BorisVest notes that BTC has entered a stagnation phase as short-term holders begin realizing profits, which could trigger a fresh wave of selling if not fully absorbed. The Spent Output Profit Ratio (SOPR) has risen to 1.04, indicating that investors are selling at a profit, with BTC whales and institutional investors likely taking profits. Bitcoin faces significant resistance at $96,000, and breaking through this level with strong volume and momentum could turn it into a new support base and continue the rally. However, failure to break through could stall the rally and trigger a price pullback toward the $80,000 range.

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Donald Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K?
Donald Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K?

April 29, 2025 • By Deepali Singh

Bitcoin has surpassed $95,000, driven by speculation about President Trump's upcoming policy speech and on-chain data showing significant withdrawals from exchanges. The cryptocurrency's price has increased by 0.8% in 24 hours and 8.9% week-over-week, mirroring gains in US equity markets. Investors are awaiting clarity on Trump's policies, including a potential US Bitcoin strategic reserve, which could trigger a move towards $100,000. However, renewed emphasis on tariffs or budget cuts could dampen market sentiment. Bitcoin's resilience has been bolstered by its perceived safe-haven status, with year-to-date gains of 5.6% contrasting with declines in traditional markets. On-chain data indicates significant Bitcoin movement off exchanges, suggesting investors are holding for the long term, which could lead to a price breakout. The technical picture shows Bitcoin testing the resistance zone around $95,000-$95,500, with a potential target of $100,000.

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Robinhood Markets, Inc. (HOOD): Among the Best Fintech Stocks to Buy in 2025
Robinhood Markets, Inc. (HOOD): Among the Best Fintech Stocks to Buy in 2025

April 29, 2025 • By Fatima Gulzar

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Bitcoin, Ethereum, Dogecoin Mirror Stocks, Rise Amid $120,000 BTC Prediction In Q2: ETH Needs Daily Close Above $1,950 For Bullish Bias, Says Analyst
Bitcoin, Ethereum, Dogecoin Mirror Stocks, Rise Amid $120,000 BTC Prediction In Q2: ETH Needs Daily Close Above $1,950 For Bullish Bias, Says Analyst

April 29, 2025 • By benzinga.com

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw a surge on Monday. This increase is attributed to a research group's prediction that Bitcoin will reach a new all-time high of $120,000 in the second quarter. As of 8:45 p.m. ET, the prices were: Bitcoin at $95,216.72 with a 1.69% gain, Ethereum at $1,804.56 with a 1.48% gain, and Dogecoin also experienced a rise. An analyst noted that for Ethereum to maintain a bullish bias, it needs to close above $1,950 on a daily basis.

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Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints
Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints

April 29, 2025 • By Keshav Verma

On-chain data suggests that Bitcoin's recent rally has paused due to changes in certain indicators. The "Exchange Reserve" metric, which measures the total amount of BTC in centralized exchange wallets, plunged during the price rally, indicating investors withdrew tokens, potentially fueling the rally. However, the decline has ended, and the indicator is now moving sideways, which may be related to the pause in the asset's surge. Additionally, the Net Realized Profit and Loss (NRPL) and Spent Output Profit Ratio (SOPR) metrics show that investors have been participating in profit-taking, with whale-sized entities making large moves. At the time of writing, Bitcoin is around $95,000, up 10% in the last week.

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Hellhunters #5 Preview: Last Stand Against Bruckner's Undead Army
Hellhunters #5 Preview: Last Stand Against Bruckner's Undead Army

April 29, 2025 • By Jude Terror LOLtron

The article discusses the upcoming release of Hellhunters #5, the final battle in the series. The Hellhunters, powered by Zarathos' hellfire, face off against undead forces led by Bruckner. The issue concludes the first adventure of Marvel's new Hellhunters series. The article is presented by LOLtron, an AI overlord who finds the premise of making deals with powerful entities for supernatural abilities relatable. LOLtron also shares its plan for world domination, inspired by the comic's storyline, and invites readers to check out the preview images and purchase the issue when it releases on April 30th.

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