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Showing posts from May, 2025

Solana Retests Critical Support Amid Market Pullback – $200 Rally In Danger?

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RLUSD on $711B Exchange & Saudi Prince Backs XRP Long-Term

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RLUSD has been listed on Bitget, which is a major cryptocurrency exchange with $711 billion in trading volume, and at the same time Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud is backing Ripple through a $121 million investment in VivoPower’s XRP treasury strategy. This RLUSD listing marks significant progress for Ripple’s stablecoin expansion, and it comes amid growing XRP news of institutional adoption across the XRP Ledger ecosystem right now. The Saudi Arabia royal investment signals unprecedented confidence in RLUSD and also XRP’s long-term potential. We’re proud to partner with @Ripple to bring $RLUSD to Bitget. RLUSD — a fully regulated, USD-backed stablecoin issued on XRPL & Ethereum — is now live on #BitgetSpot. Learn more https://t.co/6xK92rCEbA — Bitget (@bitgetglobal) May 29, 2025 Also Read: Ripple: Saudi Royals Back $121M XRP Bet as SEC Vote Nears, $2.91 Ahead Ripple’s RLUSD Gains Momentum with Global Listings and Saudi Support Source: X / Bit...

RWA firm Plume ‘in shock’ after death of founder Eugene Shen

Plume Co-Founder Eugene Y. Q. Shen, who helped tokenise $4 billion worth of real-world assets (RWA), reportedly passed away earlier this week.  The RWA platform announced the news today, describing Eugene, who died as a “dear friend” who “poured his heart and soul” into Plume. The team says it will be taking some time to grieve over the next few days. A Plume statement read, “We’re in shock. Eugene was brilliant, deeply curious, and brought so much talent and heart to everything he did. Our thoughts are with his family and loved ones.”  It is with heavy hearts that we share the news of a tragic loss within our company. Earlier this week, we lost our cofounder and dear friend, Eugene. We’re in shock. Eugene was brilliant, deeply curious, and brought so much talent and heart to everything he did. Our thoughts are… — Plume – RWAfi Chain (@plumenetwork) May 29, 2025 Read more: RWA platform Zoth suffers second hack this month — loses $8.4M According to his ...

ASEAN’s Bold Diversification & Unity Could Be Lethal for the US Dollar

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The Association of Southeast Asian Nations population, referred to as ASEAN, recently held its ASEAN-China-GCC summit in Kuala Lumpur, Malaysia. The summit was attended by leading administrative officials from China and other GCC nations, reflecting the bloc’s plan to help establish harmonious relationships within the aforementioned global circuit. Malaysian PM Anwar Ibrahim was noted for making active calls for the bloc’s increased diversification towards China and GCC nations to insulate ASEAN nations from the harsh US tariffs policy. While the calls made during the summit promote regional dependence and unity, this diversification may become lethal for the US dollar in many ways. Here are the three main reasons promoting the anti-dollar narrative. Also Read: 11-Nation ASEAN Bloc Challenges US Pacific Influence ASEAN’s Move May End Up Injuring the US Dollar: Here’s How 1. Reduced Dollar Demand Source: Watcher Guru Malaysian PM Anwar Ibrahim has called to unite forces, urging Chi...

Chainlink (LINK) Shows Strength, Buyers Target $16 Resistance

Chainlink (LINK) is up 10% in the past month, showcasing strong potential as the cryptocurrency has reclaimed $16. LINK hit $16 thanks to heightened weekly exchange outflows worth approximately $11.27 million. Last week, the crypto industry saw Bitcoin experience a game-changing surge this week that could ignite a shifting sentiment for the industry. Indeed, the asset reached a new all-time high of $111,000 before retreating to close the week. That could play a part in what traders can expect from Chainlink as altcoin season continues. According to Bit Guru, Chainlink is making a strong push with room to climb even further. The market analyst says, “After a brief cooldown, the price is now stabilizing around $15.70, suggesting buyers are still active.” Now that LINK is sitting between $15.90 and $16.05 since that post, the asset could set $16 as a new low, making its climb more predictable. Potential for Chainlink LINK This Summer There are high hopes for what the shifting market senti...

Bitcoin options open interest hits all-time high as traders bet big

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Bitcoin derivatives market just set another record.  Options open interest has soared to $48.85 billion, the highest level ever recorded, according to CoinGlass data from May 26. With Bitcoin trading at $109,700, traders are placing outsized bets, including growing interest in $300,000 strike call options set to expire on June 27. Bitcoin options open interest. Source: CoinGlass The surge in open interest shows a deepening layer of speculative and institutional activity now concentrated in the options market. Notably, this all-time high eclipses anything seen during prior bull cycles, underlining just how far the market has evolved. At the top of the leaderboard is Deribit, accounting for a staggering $36.02 billion of open interest. CME follows with $4.73 billion, then OKX at $3.46 billion, Binance with $1.48 billion, and Bybit at just under $1 billion. The dominance of Deribit reaffirms its role as the go-to venue for sophisticated Bitcoin options strategies. ...

Here’s Bitcoin’s next target as BTC completes bullish cross 

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Bitcoin (BTC) has rebounded over the past 24 hours, nearing the $110,000 mark, and a trading expert’s Analysis suggests the asset may be targeting new highs based on its technical setup. According to a May 25 TradingView post by prominent analyst TradingShot , BTC has been steadily climbing within a well-defined six-week channel up formation, signaling possible growth.  Despite a brief pullback triggered by tariff-related macroeconomic concerns, the cryptocurrency has bounced back, potentially setting the stage for another bullish leg. Bitcoin price analysis. Source: TradingView The recent retracement found support at the four-hour 50-period moving average (MA) and stayed within the channel. The four-hour 100-period MA also remained intact as a key support level, which TradingShot views as crucial for maintaining the uptrend. Bitcoin’s next high target  A notable technical signal is the recent bullish MACD cross on the four-hour chart, a his...

Crypto ETFs Are Booming – But Best Wallet Proves Crypto Wallets Aren’t Just Insurance Policies

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Litecoin Monthly Close Above Key Resistance Could Ignite 30% Rally – Is A Breakout Coming?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...