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$TRUMP forms symmetrical triangle with support at $12.10 and resistance at $13.40. RSI remains below 45; MACD shows minimal momentum, indicating consolidation. Break above $14.22 targets $15.48; drop below $12.10 risks fall to $11.00–$11.20 zone.
Quick Take Following a legal defeat in its court case against Epic Games, Apple has loosened rules around in-app purchases for users in the U.S. App developers now may direct customers to make purchases using external sites not subject to Apple’s 30% fee on in-app purchases. Apple said it will appeal the ruling, which could open the door to a new wave of NFT and crypto apps.
Quick Take AdTech firm Thumzup, which began accumulating bitcoin at the start of the year as a treasury asset, is offering up to $200 million to investors to buy more bitcoin. The Strategy-inspired play has recently been copied by a variety of other companies, seeking to hold several different assets. The publicly-listed company trades on Nasdaq at a market capitalization of around $48.5 million.
Quick Take Katie Hobbs, the Democratic Governor of Arizona, blocked a bill that would have allowed public funds in the state to invest up to 10% of their capital in virtual currencies. Several other states are weighing similar bitcoin reserve legislation, though none have yet been signed into law.
Pi Network (PI) struggles to maintain momentum as bearish indicators dominate the chart. Price action stays below the cloud, with key support in focus.
Bitcoin is nearing $100K, but unlike previous euphoric rallies, the current rise is more deliberate, driven by institutional buying and lower volatility. This shift suggests a longer-term trend toward Bitcoin becoming a key asset in the financial system.
Despite rumors of a $20 billion buyout offer from Ripple for Circle, there’s no evidence to support the claim, and the market response has apparently been minimal.
In Brief Worldcoin introduces eye-scanning ID verification in six large U.S. cities. Regulatory and market dynamics impact the technology's adoption and interest. Partnerships suggest further integration of Worldcoin’s solution in diverse sectors.
- 10:58Financial Times: Traders Profit $100 Million by Buying Melania Trump Token MELANIA Before ListingPANews reported on May 6 that, according to the Financial Times, there was suspected insider trading on the first day of listing for Melania Trump's MELANIA token. In the three minutes before Trump announced the launch of the token on January 19, more than 20 digital wallets purchased tokens worth $2.6 million, and then sold 81% of their holdings within 12 hours, profiting nearly $100 million. These wallets have on-chain links to projects associated with Texas crypto entrepreneur Hayden Davis, but Davis denied profiting when questioned by independent investigative journalists. It was reported that the organizers behind MELANIA operate through MKT World LLC based in Delaware, having extracted $64.7 million in primary sales and fees, not including the $99.6 million accumulated by early traders. Since 2021, Melania Trump has used MKT World for various ventures, but her specific role or profit-sharing structure remains unclear. Melania has not publicly commented on the token's market activity or governance. The media reported that similar wallet patterns also appeared in the LIBRA scandal, indicating that the strategy of using celebrities for cryptocurrency speculation is not uncommon. Despite regulatory loopholes and on-chain anonymity, this incident highlights the increasing complexity of political branding in digital assets and the challenges faced by retail participants in the rapidly evolving crypto market.
- 10:58The creator of meme coin TRUMP has earned over $320 million in fees so farAccording to Fortune magazine, Chainalysis data shows that since the launch of the Meme coin TRUMP earlier this year, its creators have profited over $320 million through transaction fees. After the initial announcement at a Trump dinner, trading activity for the Meme coin surged, and its price rose accordingly. However, the Trump family can make money without selling any meme coins. According to its white paper, 20% of the total supply of 1 billion TRUMP coins is in circulation, with half of it placed in decentralized exchange liquidity pools. CIC Digital, a company associated with the Trump Group, profits by charging a 0.3% fee on each transaction. Blockchain analysis company Nansen points out that this model does not rely on coin price fluctuations but instead continuously generates revenue through trading volume. Currently, 80% of the tokens remain locked and are owned by companies associated with Trump. Members of the U.S. Democratic Party criticize this model as a potential channel for anonymous individuals to improperly influence the president. Although Trump denied focusing on coin price fluctuations in an NBC interview, data shows that transaction fees related to the announcement of the Trump dinner reached $1.3 million in the week the news was released.
- 10:58Zerebro DEV Suspected of Posting Scheduled Article: Dead Man's Switch Activated, LLJEFFY is My Final ArtworkZerebro DEV is suspected of releasing a scheduled article, the main content includes: If you are reading this article, it is because my 72-hour dead man's switch has been triggered. LLJEFFY is my "final artwork," representing a concept called Legacoin—developers only buy, do not sell, and after death, assets are permanently locked on the chain, symbolizing the eternal preservation of digital heritage.