17 May 2025, 14:58

XRP Price Prediction: XRP Builds Momentum at $2.38 as Key Resistance Levels Come Into Focus for Traders

XRP is trading at $2.34 as the legal tug-of-war between Ripple Labs and the SEC goes into pause mode. On-chain fundamentals are strong, while legal developments are still influencing sentiment. Attorney Bill Morgan confirmed that a procedural misstep has temporarily stalled the finalization of the settlement with the SEC . Both parties signed the deal—Ripple on April 23 and the SEC on May 8—but the court denied the joint Rule 62.1 motion because it didn’t reference Rule 60 which governs relief from final judgments. Importantly, the denial wasn’t a rejection of the agreement’s merits, just the legal framing. How the settlement process is going 1. Settlement agreement signed by Ripple parties on April 23, 2025 and by the SEC on May 8, 2025 . 2. Parties filed a motion to hold the appeal and cross appeal in abeyance 3. Parties file rule 62.1 motion asking for an indicative… — bill morgan (@Belisarius2020) May 16, 2025 Ripple’s Chief Legal Officer, Stuart Alderoty, told investors that the setback doesn’t impact XRP’s legal standing. A revised motion will be filed soon and then the parties can seek a limited remand to dissolve the injunction and finalize a $50 million penalty. Settlement Agreement Signed Motion for Indicative Ruling Denied (Procedural) Parties Preparing Revised Filing XRP Chart Eyes $2.38 Recovery Amid Channel Pressure On the technical front, XRP price prediction remains slightly bearish. On the charts, XRP/USD is stuck in a descending channel on the 1-hour chart, with price consolidating at $2.35. The channel has clear lower highs and lower lows, meaning bearish control. The 50-period EMA at $2.40 is capping upside, while MACD lines are below zero—no bullish momentum. Price just rejected the midline of the channel, so sellers are in control. XRP Price Chart – Source: Tradingview Whereas, on the lower side, $2.31 is acting as a key support. If broken with volume, XRP could go to $2.26 or $2.20. But if bulls defend this level and print a bullish engulfing candle above the EMA, we could see a recovery to $2.44 and $2.49. Key Levels: Resistance: $2.40, $2.44, $2.49 Support: $2.31, $2.26, $2.20 MACD: Bearish, flat Pattern: Descending channel with weakening bounces BTC Bull Token Nears $6.84M Cap as 71% Staking Yield Drives Demand As Bitcoin stabilizes above $102K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL) . The token has now raised $5.87 million out of its $6.84 million presale goal, with a price increase looming as it enters its final funding stretch. What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties. This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols. Key Stats: USDT Raised: $5,878,513.14 / $6,844,387 Token Price: $0.002515 Staking Pool: 1.47B BTCBULL Yield: 71% APY BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle. With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield. The post XRP Price Prediction: XRP Builds Momentum at $2.38 as Key Resistance Levels Come Into Focus for Traders appeared first on Cryptonews .

17 May 2025, 14:56

Moody’s cuts US credit rating, Bitcoin doesn’t flinch

Bitcoin price remained in an extended consolidation after the U.S. lost its last triple-A credit rating on Friday. Bitcoin ( BTC ) was trading at $103,000, 2.8% below its highest level this month. This slight pullback has brought its market cap to $2.045 trillion. Moody’s US credit rating downgrade The biggest macro-related news on Friday came from Moody’s, one of the big three credit rating agencies globally. In a statement, the company downgraded the US credit rating from Aaa to Aa1, citing the worsening fiscal situation in the US. Moody’s joined the other two agencies in removing the triple-A rating. S&P Global was the first one to cut the rating in 2011, and was then followed by Fitch Ratings in 2022. The rating downgrade came a year after Moody’s changed its outlook of the US economy to negative. The rating downgrade came as the US fiscal situation has worsened, with the total public debt jumping to over $36.8 trillion. Medicare and Medicaid spending jumped to $1.6 trillion, while social security, defense, and interest have soared to $1.5 trillion, $900 billion, and $1.02 trillion, respectively. You might also like: Pi Network price crashes as centralization risks persist While Elon Musk’s Department of Government Efficiency is cutting expenses, analysts believe that it will not have a major impact on reducing the budget deficit. That’s partly because the Trump administration is also keen to cut taxes, increasing the deficit by $4.5 trillion in the next ten years. The US credit rating cut may be a positive catalyst for Bitcoin, an asset slowly emerging as a safe haven. For example, Bitcoin has done better than the stock market since the Liberation Day speech . It also did better than stocks during the COVID-19 pandemic. Bitcoin is also supported by supply and demand dynamics. Its supply on exchanges and over-the-counter markets, has continued falling, while demand is rising. Spot Bitcoin ETFs have attracted over $41 billion in inflows since January last year, while companies like Strategy and Twenty One have continued buying. Bitcoin price technical analysis BTC price chart | Source: crypto.news The daily chart shows that Bitcoin price has remained in a consolidation phase in the past few days, with its volume continuing its downtrend. On the positive side, Bitcoin has remained above the 50-day Exponential Moving Average. It has also formed a bullish pennant pattern, a popular continuation sign. This pattern comprises of a vertical line and a symmetrical triangle, resulting in a strong bullish breakout. Bitcoin has also formed a cup-and-handle pattern, comprising a rounded bottom and some consolidation. These patterns point to more gains in the coming weeks. A move above the upper side of the cup will point to more gains, potentially to $110,000 and above. Read more: Bitcoin price slips, but pattern suggests calm before the storm

17 May 2025, 14:21

Warren Buffett Makes His Latest Move Regarding His Cryptocurrency-Related Investment

Berkshire Hathaway, led by famous investor Warren Buffett, made a profit of approximately $250 million by selling all its shares in Nu Holdings, the parent company of Brazil-based digital bank Nubank. According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 15, the company has completely terminated its position in Nubank. According to the SEC filing, Berkshire sold 20.7 million shares in the third quarter at an average price of $13.46, starting with 40.2 million shares in 2024. Another 46.3 million shares were sold in the fourth quarter at an average price of $13.22. The remaining 40.2 million shares were sold in the first quarter of 2025 at an average price of $11.83, completing the transaction. The total sale generated a net gain of approximately $250 million. Related News: Billionaire Mike Novogratz Shares New Price Prediction for Bitcoin: “The Next Move Is Here, Then It's Price Discovery” These sales come despite Nubank’s strong financial performance. The company reported net income of $557.2 million in the first quarter of 2025, up 47% from the previous year. Adjusted net income was $606.5 million. Through 2024, Nu Holdings had an annual net income of $1.97 billion, up 91% from the previous year. Berkshire not only sold Nubank, but also all of its shares in Citigroup and reduced its holdings in Bank of America and Capital One. Citigroup sold 14.6 million shares, while Bank of America sold 48.7 million shares, reducing its stake in the company by 7%. Capital One was reduced by 300,000 shares (4%). Nubank is among the most active digital banks in Brazil to embrace crypto services, offering direct trading of Bitcoin, Ethereum and XRP through its app. *This is not investment advice. Continue Reading: Warren Buffett Makes His Latest Move Regarding His Cryptocurrency-Related Investment

17 May 2025, 14:20

Cincinnati’s Fifth Third Bank expands crypto push as US rules take shape

Ben Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency business. This comes after establishing a small clientele that uses deposit accounts and payment features for tasks like sending payroll and collecting money, as US regulations became clearer. According to Hoffman, the Cincinnati-based lender is also looking into using stablecoins to help with cross-border transactions, which will help reduce expenses and improve the efficiency of value transmission. Fifth Third also aims to integrate with additional payment rails, allowing customers to trade digital assets and pay for crypto purchases through its extensive payment network. Trump’s pro-crypto stance influences banks to increase their crypto push Hoffman revealed that Fifth Third Bancorp started establishing connections with cryptocurrency companies about five years ago but deferred significant investments until regulations were clearer. In addition, the collapse of cryptocurrency exchange FTX in 2022, which ultimately resulted in the demise of cryptocurrency-friendly lender Silvergate, also caused banking sentiment toward the asset class to deteriorate. However, Hoffman says the time has come to increase the cryptocurrency push. This came after Hoffman stated in an interview that it became evident that the ideal moment to get involved is now. He added that a group of people was actively researching and experimenting in this area. Moreover, the head of strategy at the bank stated that Fifth Third, which OCC is the primary regulator and has assets worth over $200 billion, comprises a group of full-time workers devoted to digital assets. Hoffman brought up the essence of financial institutions working with all business lines and corporate departments, including compliance, liquidity management, and treasury. According to him, it is a whole bank effort. Rodney Hood, the acting head of the Office of the Comptroller of Currency, also announced a significant modification to the crypto laws that will benefit crypto banks. In early March, Hood explained that banks can now use blockchain technology for payments, custody of crypto-assets, and certain stablecoin activities, which previously required written approval. The US government has greatly influenced this significant shift in cryptocurrency, particularly in financial institutions that carry out crypto activities. Since assuming office, Donald Trump’s administration has placed proponents of digital assets in important government posts, facilitated policies that help the sector, and pursued his own cryptocurrency ventures. Furthermore, some of the biggest banks in America are now planning how to increase their business under less strict regulations as the industry matures. US regulators roll back crypto restrictions to support innovation in banking On April 24, US banking authorities declared that they were removing several documents that advised financial institutions to exercise caution when experimenting with cryptocurrencies and associated activities. This included two supervisory letters that required banks to obtain regulators’ advanced approval before participating in crypto-asset and stablecoin activities. The Fed also joined the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation in withdrawing two 2023 statements that advised banks to exercise caution when dealing with cryptocurrency-related risks. In the previous guidance, regulators cautioned banks about the risks of volatility, legal uncertainties, and liquidity when deciding whether to offer services related to cryptocurrency or take on clients that are cryptocurrency companies. The removal of that guidance was the Trump administration’s most recent action to adopt a more pro-crypto stance. The Fed announced that regulators would investigate the appropriateness of new guidance to support innovation, including crypto-asset activities. In March, the OCC was the first US regulator to take action to facilitate banks’ participation in cryptocurrency activities, reversing previous administration guidelines that advised the financial institutions to exercise caution around the industry. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

17 May 2025, 14:10

Sequoia Partner Caught in Coinbase Data Breach, More VCs May Be Affected

A partner at one of Silicon Valley’s most prominent venture firms has reportedly been caught in the fallout of Coinbase’s recent data breach , raising concerns that other high-profile investors may also be at risk. According to a May 16 report from Bloomberg , Roelof Botha, Managing Partner at Sequoia Capital, was among the victims whose personal information was compromised. The breach, which targeted Coinbase users through a social engineering campaign, allegedly stemmed from a bribery scheme involving customer service agents contracted by the exchange. Botha Manages Assets Worth Hundreds of Millions While Botha’s personal holdings remain undisclosed, he is believed to manage assets worth hundreds of millions. Coinbase confirmed the incident in a May 15 blog post, stating that cybercriminals had gained access to customer data by exploiting internal support systems. The attackers reportedly demanded a $20 million ransom, which Coinbase refused. The full scope of the breach remains unclear. Security teams at Kraken and Binance are also investigating similar intrusion attempts, Bloomberg reported, although neither exchange has publicly confirmed exposure. Philip Martin, Coinbase’s Chief Security Officer, revealed that the compromised support staff were based in India and have since been terminated. The company has filed a disclosure with the U.S. Securities and Exchange Commission, estimating remediation costs between $180 million and $400 million. The breach hit Coinbase’s stock hard, with shares (COIN) dropping over 7% to $244 before recovering slightly to $264.24. Coinbase suffered a massive data breach. But no, its systems didn’t get hacked. Humans did. We unpack how bribery, social engineering, and KYC failures put Coinbase users at risk, and why this keeps happening across crypto. w/ @lopp , @jameswester and @Leishman .… pic.twitter.com/RmD7PgZJex — Laura Shin (@laurashin) May 16, 2025 Meanwhile, Coinbase CEO Brian Armstrong was seen in Washington, D.C., engaging with lawmakers as Congress debates two key pieces of crypto legislation — one on stablecoins and another on digital asset market structure. The breach comes at a critical moment for the crypto industry’s regulatory outlook and could influence legislative sentiment as the bills move toward a vote. Coinbase Q1 Revenue Climbs, But Profit Falls 94% Coinbase reported mixed first-quarter results , with revenue rising 24% year-over-year to $2 billion, but falling short of analyst expectations and down 10% from the previous quarter. While transaction revenue grew to $1.26 billion, its subscription and services division—covering staking and custodial offerings—rose 37% to nearly $700 million, reflecting growing diversification beyond trading. Despite the revenue uptick, net income plunged 94% to $66 million as the company marked down its crypto holdings amid market volatility. Adjusted earnings stood at $526.6 million, or $1.94 per share, still below last year’s figure of $2.53. Operating expenses surged 51% to $1.3 billion due to aggressive marketing and asset write-downs. Coinbase’s earnings were weighed down by unpredictable macroeconomic conditions and fluctuations in digital asset prices. However, the company noted its second-highest ever monthly user count, with CFO Alesia Haas highlighting increased engagement across non-trading services. The post Sequoia Partner Caught in Coinbase Data Breach, More VCs May Be Affected appeared first on Cryptonews .

17 May 2025, 13:45

Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io

May 15, 2025 - One of the biggest jackpots to ever land on Sportsbet.io has seen one player turn a 240 USDT spin into a max win jackpot of 3.6 million USDT. The win took place on Gates of Sportsbet.io , an exclusive game from Pragmatic Play only available to players on the world’s favourite crypto-led sports betting and casino site. Betting in the USDT stablecoin currency, the winning player spun just 240 USDT for the max win, which unfolded via a nerve-wracking free spins round. Alex Haig, Director at Sportsbet.io , said: “Moments like this are why we do what we do here at Sportsbet.io. It was incredible to see 240 USDT turn into 3.6 million USDT over the course of 15 remarkable free spins. I want to give a huge congratulations to the winner. Once again, Sportsbet.io has proven itself to be a place where life-changing wins can be just a spin away.” Because the win took place in USDT, it means the lucky, verified player could withdraw the jackpot in a matter of seconds. Sportsbet.io has earned a reputation as a home of multi-million dollar jackpots. In November, a player won a $3.2m jackpot from a spin of just 5 USDT. And in 2023, Sportsbet.io paid out the largest slots jackpot in online gaming history, when a player on the site took down a $42m prize with a 50 USDT spin on Games Global’s WowPot!™ progressive jackpot. What a replay of the incredible moment a Sportsbet.io player spins a $3.6m jackpot here: https://ouytp.itccgraoft.net/bmwAs2el7m Founded in 2016 as part of Yolo Group, Sportsbet.io is the leading crypto sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience. Official Regional Partner of LALIGA, Official Betting Partner of English football team, Hull City and a Club Partner of Premier League team Newcastle United, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 1M pre-match events per year and comprehensive in-play content. As the first crypto sportsbook to introduce a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community. In December 2023, a lucky Sportsbet.io won the biggest ever online slots jackpot while playing on the site, turning a $50 spin into a prize of more than $42 million. Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of less than 90 seconds, among the fastest in the industry. For more information about Sportsbet.io, please visit https://sportsbet.io . Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.