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Showing posts with the label digital currency

Here’s why Official Trump coin is up 20% today

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The Official Trump coin (TRUMP) surged as much as 20% on Wednesday, October 29. As optimism over a potential new U.S.-China trade deal lifted sentiment across risk assets and a notable uptick in whale accumulation over the past week has also boosted the momentum, as large investors have upped their TRUMP holdings from 3.97 million to 4.88 million tokens in recent weeks.  What’s more, World Liberty Financial, a decentralized finance protocol and cryptocurrency company founded by the president’s family, announced earlier today that it would distribute 8.4 million WLFI to early adopters of the USD1 stablecoin integrated with the Enso blockchain, adding another layer of connectivity to the TRUMP ecosystem. At the time of writing, the TRUMP token, officially classified as such, was trading at $8.41, up 17% on the day and 44% over the week. TRUMP 24-hour price. Source: Finbold Trump cryptos outpace the market The rally comes even as the broader crypto market ...

Paxos’ 300 trillion fat finger raises concerns over PYUSD integrity

Whale alerts began to blare across the cryptosphere yesterday after Paxos minted 300 trillion of PayPal’s stablecoin, PYUSD, valued at over double global GDP. The tokens were burned 22 minutes later, but many were left worried by Paxos’ ability to create such an unfeasible quantity of tokens out of thin air. The official response did little to address concerns. At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD. This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root… — Paxos (@Paxos) October 15, 2025 Read more: PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’ Responses centered on the lack of explanation and the apparent failure to compare any mint instructions against a proof of reserves. Paxos claims to “have addressed the root cause,” but has yet to provid...

XRP price plummets wiping out $10 billion overnight

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XRP holders are facing fresh losses after the token slumped sharply overnight, erasing more than $10 billion in market value as both retail and whale selling cascaded through the market. At press time on October 14, XRP was changing hands at $2.46, down 6.56% in the past 24 hours and more than 16% over the past week. The token’s market capitalization has fallen from $178 billion seven days ago to just $147.8 billion, underscoring the speed and depth of the decline. XRP 1-week price chart. Source: Finbold The sell-off comes amid a perfect storm of regulatory, technical, and macroeconomic pressures. In the United States, delays and uncertainty surrounding spot crypto ETF approvals continue to cloud sentiment, with reports of internal staffing changes at the Securities and Exchange Commission raising further doubts about the timeline. At the same time, renewed tariff tensions between Washington and Beijing have weighed on risk assets across the board, forcing investors to...

XRP Price Prediction For Today, Tomorrow & The Next 2 Weeks

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Ripple (XRP) has always been a focal point for all crypto enthusiasts to take note of. XRP has emerged as a leading asset in recent crypto dynamics, drawing significant attention due to its robust global collaborative efforts. XRP price has also been influenced due to such dynamics, hinting at a breakthrough point, as Ripple continues to diversify its operations in the cross-border payment domain. That being said, with the ETF murmurs gaining speed again, will XRP be able to score major highs in anticipation of such soaring developments? Also Read: XRP Delivered 12 Times More Profits Than the S&P 500 Index In 5 Years XRP Price Updates: What’s New With The Asset? Source: news.bitcoin The new XRP developments consist of the recently launched Rex Osprey XRP ETF, which has lately been helping XRP trend on popular radars. The ETF went live yesterday and, since then, has amassed $24M in trading volumes in a small span of 90 minutes. JUST IN: The REX-Osprey $XRP ETF ( $XRPR ) smash...

US could offer Palestinians digital tokens to leave Gaza, report

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Postwar plans being drawn up by Donald Trump’s administration will reportedly see the US offer Palestinians digital tokens in exchange for “voluntarily” leaving their land in Gaza. As reported by The Washington Post, the so-called “GREAT Trust Proposal,” would see vacant land redeveloped into a number of mega-projects, including six to eight “AI-powered, smart cities,” an “Elon Musk Smart Manufacturing Zone,” and “Trump Riviera,” inspired by Dubai’s man-made Palm Islands.  Those who agree to trade their land for tokens will be allowed to return to Gaza 10 years later , once the redevelopment is finished, and exchange them for “ownership of rebuilt residences.”  Screenshot taken from the GREAT Trust PDF outlining its plans with messy AI visuals. Read more: Max Keiser thinks bitcoin will stop Israel displacing Palestinians By doing this, the trust estimates it would save $23,000 per person that would otherwise be spent on temporary housing for those choos...

Trump’s Crypto Advisor: Bitcoin Won't Face Bear Market For Years

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The cryptocurrency market is currently experiencing sharp U-turns as the domain continues to project high use cases. The US government has officially acknowledged the might and mettle of the cryptocurrency domain, giving it its official seal of approval. While the market seems to be in its corrective phase with retail yet to hit the domain in full force, Bitcoin seems unstoppable, raking in institutional interest from all sides. Trump’s crypto advisor, David Bailey, has spoken encouraging words for BTC, adding how this might be the last bear market scenario that investors could experience right now. Also Read: The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt Trump’s Cryptocurrency Advisor’s Encouraging Words for Bitcoin Source: Bitcoinist David Bailey, US President Donald Trump’s crypto advisor, has shared a Bitcoin update. Bailey took to X to share how this might be one of the last Bitcoin dips ever for the market to bask in. Bitcoin plunged to $112K ...

Bitcoin ‘could march toward $131k’, says crypto expert

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Bitcoin (BTC) has been hotly debated in the past weeks, as it managed to hit a new all-time high (ATH) above $123,000 and become the fifth-largest asset by market capitalization.  Contributing to the discussion, crypto market analyst Ali Martinez, suggested in a July 22 post on X that the coin could be on track to surge even further. According to Martinez, Bitcoin could march toward $131,200, provided it maintains a critical support level at $117,400. Ali Martinez’s BTC chart. Source: X (@ali_charts) Bitcoin performance Bitcoin faces technical resistance in the $118,500–$123,000 range, and a break above this zone could set the stage for a rally toward a price of up to $135,000. The ‘digital gold’ currently trades at $118,050, down 0.76% in the past 24 hours but well above its 30-day simple moving average of $111,700. Still, momentum indicators advise caution. The moving average convergence divergence (MACD) histogram, for instance, recently turned negat...

Bitcoin Rainbow Chart predicts BTC price for July 1, 2025

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With Bitcoin (BTC) on track to end June above the $100,000 mark, the Rainbow Chart is projecting that the asset will likely sustain this level heading into July. This outlook follows a resurgence in bullish momentum as geopolitical tensions between Israel and Iran appear to have eased.  Earlier, Bitcoin faced the threat of dropping further below $100,000 after the United States launched an attack on Iran’s nuclear facilities. The cooling of hostilities has since helped stabilize investor sentiment. Bitcoin price prediction for July 1 The Rainbow Chart, which is based on a logarithmic regression model, visually maps Bitcoin’s price into color-coded bands. These bands represent different phases of market sentiment, ranging from extreme fear to speculative euphoria.  As of today, Bitcoin is trading at around $106,000, placing it just above the “BUY!” zone and slightly below the “Accumulate” band. This suggests that, in ...