20 May 2025, 18:02

Sui (SUI) Hits $3.80 Price Tag, But Experts Suggest Ruvi AI (RUVI) As The Next 13,700% Project Of The Bull Run

Sui (SUI) stands resilient at $3.80, showcasing impressive recovery after holding strong support at this level. This scalable blockchain platform continues to shine, maintaining its position as a leading Layer 1 network for DeFi innovations and powering next-gen decentralized applications. Yet, while Sui strengthens its market traction, Ruvi AI is capturing the attention of investors with its unique decentralized AI superapp technology. Ruvi AI Leading the Decentralized Revolution Ruvi AI is redefining boundaries by blending the world of AI and blockchain technology. Focused on efficient, scalable, and inclusive solutions, Ruvi offers a community-oriented ecosystem designed for global impact. With its robust fundamentals, Ruvi empowers industries to adopt cutting-edge AI while nurturing user-friendly platforms. Ruvi's collaboration with the WEEX Exchange marks a strategic leap forward, ensuring enhanced visibility and global accessibility.. Staggering Success of Ruvi AI's Presale Ruvi AI's presale has quickly become one of the most talked-about opportunities in the crypto world, drawing waves of early adopters with its strong growth potential: Phase 1 sold out in just over two weeks, rewarding early backers with a 50% return. Currently priced at $0.015, the next phase promises a 0.33% price increment. Industry analysts predict Ruvi AI’s token value could skyrocket to an ambitious $1, reaffirming its extraordinary potential. Investment Tiers and Extraordinary Returns Ruvi AI tailors its investment opportunities to suit diverse portfolios, offering unmatched returns for participants at all levels. Below are the clear figures from Ruvi's tiered system: VIP Tier 1 ($480 investment with a 20% bonus): Tokens received: 38,400 (32,000 base + 6,400 bonus). Returns at $0.07 (end of presale): $2,688. Returns at $1: $38,400. VIP Tier 3 ($1,650 investment with a 60% bonus): Tokens received: 176,000 (110,000 base + 66,000 bonus). Returns at $0.07 (end of presale): $12,320. Returns at $1: $176,000. VIP Tier 5 ($9,000 investment with a 100% bonus): Tokens received: 1,200,000. Returns at $0.07 (end of presale): $84,000. Returns at $1: $1,200,000. Leaderboard Rewards for Active Participants Ruvi AI also introduces a competitive leaderboard system, rewarding investor engagement with massive incentives: Top 10 Contributors: 500,000 bonus tokens, worth $35,000 at $0.07 or $500,000 at $1. Top 50 Contributors: 250,000 bonus tokens, valued at $17,500 at $0.07 or $250,000 at $1. Top 100 Contributors: 100,000 bonus tokens, equating to $7,000 at $0.07 or $100,000 at $1. Now Is the Time to Invest in the Future Ruvi AI offers an unique intersection between artificial intelligence and blockchain innovation, setting a mark for the industry. Its fast selling presale, strategic partnerships, and possible major growth make it a must-consider investment for any investors! Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

20 May 2025, 18:00

Coinbase CEO's journey from no 'political causes' to hiring DOGE staff

Five years ago, Brian Armstrong wanted employees of his cryptocurrency exchange to refrain from expressing political views at work. Now, the Coinbase CEO seems to be open to involvement with Republican figures, including members of US President Donald Trump’s inner circle. In a May 13 X post, Armstrong said members of the Department of Government Efficiency (DOGE) team, spearheaded by Elon Musk, though not set up as an actual department, would be welcome to implement cost-cutting changes at Coinbase after leaving the US government. Armstrong offered to set up an accelerated onboarding process with the exchange, responding to an interview in which at least one DOGE staffer felt ostracized from Harvard University, where he had been enrolled. “If you are looking for your next mission after serving your country, consider helping create a more efficient financial system for the world at Coinbase,” Armstrong said. Since assuming a government position at the White House in January, Musk and the DOGE team have faced criticism from both sides of the aisle over their cuts, which often forced out or fired experienced employees without proper notice. Lawsuits halting DOGE’s efforts or challenging dismissals are pending in federal court from parties alleging illegal or unconstitutional actions. Coinbase once called itself a ‘mission-focused company’ Armstrong’s remarks, suggesting approval of DOGE’s actions, represented a sharp departure from the CEO’s position before Trump’s second term. At the time, many of the companies and executives in California’s Silicon Valley seemed to be more publicly aligned with Democrats. In 2020, amid the COVID-19 pandemic, the death of George Floyd at the hands of police officers in Minneapolis spurred nationwide outrage and protests, prompting many companies to take a public position. Armstrong issued a notice at the time saying that Coinbase was a “mission-focused company” that didn’t “advocate for any particular causes or candidates.” In response to Armstrong not publicly supporting the Black Lives Matter movement, many Coinbase employees organized a walkout. The CEO responded by claiming the crypto exchange had an “apolitical culture” and that roughly 5% of Coinbase staff who “didn’t feel they could be on board with this direction” had accepted an exit package. Related: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg Less than a month later, Armstrong retweeted a post suggesting he could support Kanye West for US President in 2020. After that time, the CEO made few public statements related to politics and US laws, though he did push for clarification on crypto tax rules in 2021. Stand with Crypto moves Coinbase closer to political advocacy It’s not entirely clear how Armstrong, at least in public, moved to be more aligned with political figures. However, for Coinbase, which the CEO said was intended to be “apolitical,” the change seemed to have started around the time the company received a Wells notice from the Securities and Exchange Commission (SEC) in March 2023, suggesting a potential enforcement action. Armstrong, like many in the crypto industry, had often criticized the SEC before 2023 for not offering regulatory guidelines to follow, but the Wells notice and subsequent lawsuit seemed to move Coinbase from participating in a national political discussion on digital assets to outright advocacy. The company announced the launch of the Stand with Crypto Alliance in August 2023, a group “focused on mobilizing the crypto community to directly engage in the legislative process.” Before Stand with Crypto, Armstrong used his platform to call on crypto supporters to contact their elected officials about digital asset bills moving through Congress. Even with this initiative tied to the exchange and CEO, the focus wasn’t on partisan politics, but “common-sense legislation to protect consumers and their right to crypto.” “Being anti-crypto is a really bad political strategy going into 2024,” said Armstrong in a December 2023 X post, in response to legislation aimed at fighting money laundering with digital assets. Enter Trump and the 2024 election cycle In contrast to the 2020 election and even the 2022 midterms, the 2024 cycle stood out in more ways than one. For the first time, a presidential candidate was openly advocating for policies favoring cryptocurrency. The amount of money flowing from companies in the industry, including Coinbase, into federal elections also reached a record high. Stand with Crypto, as an advocacy organization, was no exception. The group launched its own political action committee (PAC) in May 2024, allowing it to influence the elections through media buys and direct contributions. Though Stand with Crypto still organized like-minded voters, its efforts included a renewed focus on money. It stood alongside the Fairshake PAC, a committee backed by roughly $45 million from Coinbase and $45 million from Ripple, which spent more than $130 million in the 2024 election cycle. Armstrong personally contributed $1 million to Fairshake. Though the Coinbase CEO suggested a political preference, he seemed not to take a strong position at the exchange ahead of the election. In Coinbase’s shareholder letter for the third quarter of 2024, the exchange said it was “prepared to work with either administration” in the US, whether that meant Trump or Democratic candidate Kamala Harris. More front-facing in Washington, DC Armstrong became more of a presence on Capitol Hill and among members of the Trump administration after the results of the 2024 election. He personally met with the then-president-elect in November and reportedly attended at least one of the inauguration events with other cryptocurrency executives. Coinbase also donated $1 million to Trump’s inauguration fund. In February, the exchange announced that the SEC would be dropping its enforcement action , marking one of many crypto-related lawsuits the regulator has dismissed under Trump. Armstrong said at the time that the move was “an important signal about where things are going.” The CEO was going to Washington, DC, seemingly more frequently than he had before this administration took power. In addition to inauguration events, Armstrong attended a crypto summit at the White House with Trump and other high-level executives and spoke with lawmakers in the Capitol to support bills establishing a regulatory framework for payment stablecoins and crypto markets. Coinbase CEO in the US Capitol rotunda on May 14. Source: Brian Armstrong The president faces scrutiny from lawmakers and industry leaders about his ties to the crypto industry, from his family-backed platform World Liberty Financial to his own memecoin, which was launched in January. Cointelegraph reached out to Coinbase and Armstrong but had not received a response at the time of publication. “It’s not my place to really comment on President Trump’s activity,” said Armstrong in response to concerns about the president’s potential conflicts of interest over stablecoins. Where the CEO takes Coinbase and his role in influencing the US government remains to be seen. There are fewer legal burdens and an administration that is seemingly friendly to the industry and Armstrong personally. Magazine: Elon Musk’s plan to run government on blockchain faces uphill battle

20 May 2025, 17:57

President Trump says the alternative to not passing his tax bill is “massive tax hikes”

President Trump has cautioned that Americans will suffer massive tax hikes if the so-called ‘big beautiful bill’ is not passed. This comes as the bill approaches the House of Representatives later this week. Republicans in the House Budget Committee voted to move forward with a broad legislative agenda that could make things worse for the budget. Although Republicans have a majority in Congress, there are still a lot of problems with the bill that need to be fixed before it can become law. The US is already under a lot of pressure from Trump’s tariffs. Despite the 90-day pause on tariffs, Americans are still not free from these taxes. Therefore, they are ready to get relief from taxes in any form. However, it is not easy. Trump tries to reconcile the divided Republicans concerning the bill Today, President Donald Trump went to Capitol Hill to get Republican lawmakers to agree on a sweeping tax-cut bill that encompasses much of his domestic agenda. Trump aims to unite the House majority, which is split into groups: hardliners, moderates, and Republican lawmakers from coastal states who want to protect their voters’ ability to deduct state and local taxes. Hardliners want to cut back on the Medicaid health insurance program. Moderates and some Republican senators have spoken out against this, saying it would hurt the people who elected Trump in November and whose support they will need in 2026, when Congress will be at stake again. The Medicaid cuts in the bill would disadvantage 8.6 million Americans. Republicans also have different ideas about whether or not state and local taxes (SALT) should be exempt. Only a few incumbents from places like New York and California are very important to the party’s narrow majority in the House. The ugly in the “big beautiful bill” The bill is meant to extend the 2017 tax cuts that were Trump’s signature first-term legislative achievement. It will also add tax breaks on income from tips and overtime pay that were part of his populist push on the campaign trail. This is expected to add trillions to the US deficit. However, some people in the Trump administration say the plan won’t make the budget deficit worse. For instance, Stephen Miran, Chair of the White House Council of Economic Advisers, said that the bill’s efforts to “cut waste, fraud, and abuse are going to end up bringing the deficit down by almost half a point of GDP, or maybe even a little more than that.” As things stand, the measure’s tax breaks add up to about $4.9 trillion. On the other hand, Dems are completely against the bill. In fact, they all rejected it. Sen Warren said , “Health care cuts and higher costs for YOU—just to fund tax giveaways for billionaires and big corporations. Nothing beautiful about that.” More deficit after DOGE failed to reduce it Initially, Trump planned to cut US spending through DOGE. Initially, the agency promised to cut $2 trillion from the federal budget, later, it reduced that target to $1 trillion, then to $150 billion. By May 20 2025, DOGE’s savings targets were way lower than initially promised. Having failed to do this, Musk was silently wiped out of Washington. This means that the deficit is very much alive. The bill is expected to add between $3 and $5 trillion to the nation’s $36.2 trillion debt over the next ten years. This led to Moody’s decision to lower its rating on the US credit rating on Friday. It said that the country’s debt was getting worse and was on track to reach 134% of its GDP by 2035. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

20 May 2025, 17:44

SEC DELAYS 21SHARES SPOT XRP ETF

SEC DELAYS 21SHARES SPOT XRP ETF $XRP #XRP

20 May 2025, 17:33

South Korean Presidential Candidate Makes Case for Korean Won Stablecoin

As South Korea’s Presidential election approaches, candidates are introducing new ideas to support the country’s digital economy. Lee Jae-myung, the Democratic Party’s presidential candidate, has recently shared plans to support the development of a stablecoin linked directly to the Korean won. This new digital currency is meant to prevent money from leaving South Korea and reduce the country’s reliance on foreign money like the U.S. dollar. Lee thinks it will strengthen South Korea’s economy and help protect national wealth. A Presidential Push for a Won-Based Stablecoin Lee Myung pushed for a stablecoin pegged to the Korean won. Many people in the country use stablecoins like USDT and USDC, which are backed by the U.S. dollar. This leads to Korean won being converted into U.S. dollars, resulting in significant outflows from domestic funds. Lee wants to change this by creating a Korean stablecoin to help keep national wealth within the country’s borders. During the first quarter of this year, South Korean crypto exchanges recorded outflows totaling $40.8 billion, equivalent to 56.8 trillion won. Half of this amount was due to the use of U.S. dollar-based stablecoins. Currently, South Korean regulations do not permit the issuance of won-backed stablecoins. This ban has made it hard to keep enough money flowing in South Korea’s financial system. Plans To Make Crypto Investment Safe and Legal in South Korea Besides the stablecoin idea, Lee also supports the introduction of crypto exchange-traded funds (ETFs) to South Korea. He asserted that this would allow people to invest in digital coins like Bitcoin (BTC) through typical financial markets. He also wants to create clear and firm rules for crypto. This would protect investors and allow big groups, like the National Pension Fund, to invest in digital assets safely. Meanwhile, Lee is not the only one who supports the growth of crypto in South Korea. Kim Moon-soo, a candidate from the People Power Party (PPP), has also expressed his intention to help expand the crypto sector if elected. During a public meeting, Kim Moon-soo pledged to legalize spot ETFs , lower transaction fees, and introduce robust consumer protections. These proposals align with the broader policy direction of the People Power Party , which was announced in April. South Korea Softens Tough Stance On Crypto Rules South Korea was once known for its strict stance on cryptocurrency. In 2017, several digital asset activities were banned in the country. However, the government has recently started to ease these restrictions, allowing businesses to re-enter the crypto space. The Financial Services Commission (FSC) of South Korea plans to issue new guidelines for crypto investment in the third quarter of this year. This move signals the country’s intention to end the ban on institutional investment in digital assets. The post South Korean Presidential Candidate Makes Case for Korean Won Stablecoin appeared first on TheCoinrise.com .

20 May 2025, 17:23

New Development in the $1.8 Billion Binance – FTX Case: "Rejection Request Received from Binance, SBF Pointed Out!"

Binance, the world's largest cryptocurrency exchange, has requested that FTX's $1.76 billion refund lawsuit be dismissed. Binance has asked the Delaware bankruptcy court to dismiss a $1.76 billion lawsuit filed by FTX, The Block reported. Binance claimed in its motion to dismiss that the lawsuit had no legal basis and was devoid of any factual basis. Binance stated that they were not responsible for FTX's collapse, stating that the bankruptcy was not due to Binance's actions, but rather FTX's own mistakes and fraudulent actions. Binance lawyers have highlighted that FTX founder Sam Bankman-Fried was at the center of “one of the largest corporate frauds in history” and was sentenced to 25 years in prison by a federal court for his criminal actions. Binance also claims that the court has no jurisdiction over foreign assets. The lawsuit, filed in November of last year, aims to recover approximately $1.76 billion worth of cryptocurrency that FTX transferred to Binance as part of a share buyback agreement in July 2021. FTX sold 20% of its shares to Binance in 2019 and later bought back the remaining 20% using BNB, BUSD, and FTT tokens. Related News: JUST IN! FTX Files Lawsuit Against Binance Former CEO CZ, Demanding $1.8 Billion! However, FTX is demanding a refund of the $1.76 billion it paid to Binance, claiming that the company was insolvent at the time and that customer funds were used without permission. Binance, on the other hand, claims that FTX operated for another 16 months after the agreement, and that the claims that FTX went bankrupt during that period are untrue. *This is not investment advice. Continue Reading: New Development in the $1.8 Billion Binance – FTX Case: "Rejection Request Received from Binance, SBF Pointed Out!"