Crypto Market, Altcoins
TRX Surges 3% Past Resistance Amid Booming Stablecoin Adoption on TRON
May 12, 2025
TRX Surges 3% Past Resistance Amid Booming Stablecoin Adoption on TRON
Price Surge and Resistance Breakout TRX, the native cryptocurrency of the TRON blockchain, has shown significant price momentum, breaking above the $0.25 resistance level to reach $0.2717 USD as of May 12, 2025. This represents a 3.37% increase from its price on May 11, 2025, at 11:51 AM, when it was at $0.2628 USD, based on reliable market data. The breakout is notable, as TRX had been consolidating around $0.25 for several weeks, indicating strong buying pressure and bullish sentiment. This surge aligns with recent analyses, such as a report from April 17, 2025, which noted TRX outperforming major assets
Read moreSEC Chair Paul Atkins May Speak at Crypto Tokenization Roundtable Today
Event Details and Context The Securities and Exchange Commission (SEC) announced on April 11, 2025, that its Crypto Task Force would host four more roundtables, with one scheduled for May 12, 2025, focusing on tokenization . No registration is needed for virtual attendance, and a recording will be posted later. Tokenization, the process of representing real-world assets on blockchain, is a key area of interest, bridging traditional finance (TradFi) and decentralized finance (DeFi). Commissioner Hester M. Peirce, leading the Crypto Task Force, emphasized its potential to change financial markets, stating, “Tokenization is a technological development that could substantially change many
Read moreWall Street’s Crypto Adoption Hinges on Zero-Knowledge Privacy
The Transparency Challenge for Wall Street Wall Street’s reluctance stems from the inherent transparency of public blockchains like Bitcoin and Ethereum. These networks prioritize visibility, recording all transactions on a public ledger, which is a structural weakness for regulated financial entities. Banks and payment providers operate under strict confidentiality norms, mandated by legal obligations to protect user data. For instance, publicly revealing counterparty exposure or transaction timing can create risks of market manipulation and breach fiduciary duties, undermining trust and compliance. Government agencies face even higher stakes. Using public blockchains could allow adversaries to infer national priorities or operational timelines
Read moreBitcoin Approaches $105,000 as Retail Investors Remain Cautious
Bitcoin’s Price Surge and Current Standing Bitcoin, the leading cryptocurrency by market cap, is trading at $104,049.44 as of 07:12 PM +03 on May 11, 2025, according to Coinbase. This price reflects a 9% increase over the past week and a 69.20% rise over the past year, positioning BTC just below the $105,000 threshold. The all-time high of $109,026.02 was reached on January 20, 2025, indicating strong upward momentum. Market metrics show a $2.07T market cap, $45.50B in 24-hour trading volume, and a circulating supply of 19,863,293 BTC, with a max supply capped at 21,000,000 BTC, reinforcing its deflationary structure.
Read moreShiba Inu’s Burn Rate Surges 6,858.37% as Price Breaks Out
Shiba Inu (SHIB), a leading meme cryptocurrency, has captured market attention with a staggering 6,858.37% surge in its burn rate, removing 18.9 million tokens from circulation in just 24 hours. This dramatic increase, reported on May 10, 2025, coincides with a price breakout exceeding 7%, signaling renewed investor enthusiasm. This report delves into the burn rate spike, price dynamics, and broader implications for SHIB’s future, offering insights for crypto investors and enthusiasts. Explosive Burn Rate Surge The SHIB burn rate, a key metric for reducing token supply, surged by 6,858.37% in the last 24 hours, according to Shibburn. A total
Read moreTrump Administration Explores Suspending Habeas Corpus for Immigration
Legal and Historical Context Habeas corpus, enshrined in the U.S. Constitution, allows individuals to challenge their detention in court, ensuring due process. The Constitution permits suspension only in cases of “rebellion or invasion” when public safety requires it. Historically, this has occurred four times, notably during the Civil War under Abraham Lincoln and World War II, each instance sparking significant debate . Administration’s Rationale The Trump administration, led by President Donald Trump, is considering this measure to facilitate deportations of undocumented immigrants. White House deputy chief of staff Stephen Miller stated on May 9, 2025, that the administration is “actively
Read moreAmended GENIUS Act (S.1582) Targets Tether with New U.S. Crypto Rules
Legislative Background and Initial Rejection The GENIUS Act (S.1582), aimed at regulating stablecoins and digital assets, faced initial rejection due to concerns over its scope and readiness. Some senators hadn’t read the text, leading to a failed vote to begin formal debate. However, a new vote is anticipated by the end of May 2025, reflecting ongoing efforts to refine crypto legislation. Key Amendments in the Latest Version The revised bill, accessible at Congress.gov, introduces significant changes: These changes aim to enhance consumer protection and regulatory clarity but raise questions about compliance costs for foreign issuers like Tether. Impact on Tether
Read moreVisa Backs BVNK in Strategic Move to Enhance Stablecoin Payments
Visa Backs Stablecoin Infrastructure Provider BVNK in Strategic Bet on Payments Visa has made a strategic investment in BVNK, a London-based stablecoin payments infrastructure provider, through its Visa Ventures arm. This move underscores Visa’s commitment to integrating stablecoin technology into its global payment network, recognizing the growing role of stablecoins in global payment flows. Investment Details and BVNK’s Role The investment, announced on May 6, 2025, follows BVNK’s $50 million Series B funding round in December 2024, led by Haun Ventures and including Coinbase Ventures and Tiger Global. While financial terms weren’t disclosed, BVNK processes $12 billion in annualized stablecoin
Read moreBitcoin Overtakes Google in Market Cap: A New Era for Cryptocurrency
Bitcoin Overtakes Google in Market Cap: A New Era for Cryptocurrency In a landmark moment for the cryptocurrency industry, Bitcoin has surpassed Alphabet Inc., Google’s parent company, in market capitalization on April 26, 2025. With a market cap of approximately $570 billion, Bitcoin now ranks as the 5th most valuable asset worldwide, trailing only gold, Microsoft, Apple, and Saudi Aramco. This achievement, reported by Coinpedia, marks a pivotal shift in the perception of digital assets. The Driving Force Behind Bitcoin’s Surge The primary catalyst for Bitcoin’s remarkable rise is the growing interest from institutional investors. These investors increasingly view Bitcoin
Read moreMICHAEL Saylor’s Viral 3-Word Bitcoin Post Sparks 2025 Buzz
Michael Saylor is a prominent figure in the cryptocurrency space, known for his bullish stance on Bitcoin and leading MicroStrategy to become one of the largest corporate holders of Bitcoin. MicroStrategy, founded in 1989, has been aggressively accumulating Bitcoin since 2020, with recent holdings at 538,200 BTC, valued at over $50 billion at current prices, per U.Today. Recent articles from U.Today, Medium, Reddit, Investing.com, and BitcoinMagazinePro, dated April 2025 and earlier, provide context on Saylor’s advocacy and Bitcoin-related posts, forming the basis for this analysis. This aligns with ongoing discussions about Bitcoin’s adoption by institutions, amid President Donald Trump’s pro-crypto
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