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Ethereum shows mixed signals as trend strength weakens and key resistance tests loom. May 2025 could define ETH’s next major breakout or breakdown.
SUI meme coins are gaining traction as DEX volume surges, with leading tokens like SONIC, MIU, and FUD setting up for major moves in the fast-growing ecosystem.
Solana’s surge past 400 billion transactions boosts its network strength, but with momentum indicators cooling, SOL faces a critical support test near $145.
The SEC’s delay in approving the XRP Spot ETF and others has not caused significant market disruption, with analysts predicting final decisions by October.
IBIT’s gains stood out as broader Bitcoin ETFs saw mixed flows, showing selective investor demand.
The Trump International Hotel and Tower in Dubai will allow cryptocurrency payments for condos, with prices ranging from $1 million to $20 million. Eric Trump leads the project, aiming to merge real estate with the crypto world.
- 14:22OpenAI to Take a Percentage of Revenue from ChatGPT Shopping SalesAccording to a report by Jinse Finance, the Financial Times in the UK stated that OpenAI will take a percentage of revenue from ChatGPT shopping sales to boost its income. OpenAI plans to integrate a checkout system into ChatGPT.
- 14:17EU Sanctions Entities Suspected of Using Cryptocurrency to Interfere in ElectionsAccording to ChainCatcher, citing a report from Cointelegraph, the European Union has announced sanctions against nine individuals and six entities, accusing them of evading sanctions through cryptocurrency and spreading pro-Russian disinformation. Those sanctioned include Russian influencer Simon Boykov and his affiliated exchange, as well as the A7 OOO company, which is suspected of manipulating elections in Moldova. Investigations revealed that the entities involved transferred funds through high-risk exchanges and cash conversion services, and used the ruble-backed stablecoin A7A5 for cross-border transactions. The EU stated that this move aims to cut off the financial channels supporting the spread of disinformation.
- 14:12U.S. House of Representatives May Advance Three Key Pieces of Legislation During Crypto WeekAccording to ChainCatcher, citing The Block, U.S. Representative French Hill stated that the House of Representatives has enough votes to pass the GENIUS Stablecoin Act, the Digital Asset Market Structure Clarification Act, and a bill to restrict the Federal Reserve from issuing a CBDC. These three bills aim to establish a regulatory framework for digital assets, covering key aspects such as stablecoin reserve requirements and the division of regulatory responsibilities among institutions. Former President Trump has previously expressed support for the GENIUS Act, which requires stablecoin issuers to maintain full reserves and mandates annual audits for major issuers. The Market Structure Act is designed to clarify the regulatory authority and responsibilities of the SEC and CFTC over cryptocurrencies.