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This week, the crypto world saw major shifts, including a high-profile breakup between Trump and Musk, a Spanish coffee chain investing heavily in Bitcoin, and Gemini's IPO filing. Meanwhile, altcoins continue their prolonged bear market.
TRUMP meme coin gains 7% following a partnership announcement with World Liberty Financial, but ethical concerns and regulatory uncertainty cloud the deal. Critics warn of possible manipulation and insider trading, raising red flags over its legitimacy.
HBAR’s price faces significant pressure, with technical indicators pointing to further declines. Watch the $0.172 resistance and $0.163 support for potential price shifts.
Trump’s revived push to replace Jerome Powell as Fed Chair creates market uncertainty, potentially propelling Bitcoin toward $105,000. If successful, it could ignite altcoin rallies as rate cuts boost liquidity and market sentiment.
Solana's recent recovery is at risk due to increasing selling pressure and bearish technical indicators. The $154 resistance will be key for any short-term rally.
Mask Network (MASK) suffers a sharp price drop following the public fallout between Trump and Musk. Retail traders, driven by meme speculation, are fleeing the market, creating volatility despite MASK's solid fundamentals.
- 09:13The US Office of the Comptroller of the Currency Supports Community Banks in Stablecoin Business InnovationAccording to a report by Jinse Finance, the U.S. Office of the Comptroller of the Currency (OCC) recently stated that community banks can form partnerships with stablecoin development organizations to drive innovation and develop new financial products. The OCC will review and update the relevant regulatory framework as appropriate to support innovative growth in the banking sector while ensuring the operational vitality of community banks.
- 09:13Project Hunt: Yield-Bearing Synthetic Stablecoin usd.ai Becomes the Most Followed Project by Top Influencers in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past seven days, the yield-generating synthetic stablecoin usd.ai has become the project with the most new followers among top X (Twitter) personalities. Influential X figures who have recently followed this project include the anonymous Twitter KOL Inversebrah (@inversebrah), NFT collector Gmoney (@gmoneynft), and Zeneca (@Zeneca).
- 09:12AIP, a nonprofit organization supported by a certain exchange and Uniswap, is established to educate U.S. lawmakers about cryptocurrencyAccording to a report by Jinse Finance, as cited by The Block, the American Innovation Project (AIP) was launched on Tuesday with the backing of industry leaders such as a certain exchange and Uniswap Labs. Their shared mission is to help U.S. policymakers understand the rapid development of emerging technologies like crypto and artificial intelligence. A statement noted that the project is dedicated to fostering dialogue on policy and technology issues that will impact the future of the U.S. economy. It is reported that several crypto-focused entities are supporting AIP, including a certain exchange, another exchange, the National Cryptocurrency Association, Paradigm, the Solana Policy Institute, and DCG. The statement also mentioned that the organization has received seed funding from the Cedar Innovation Foundation and a $1 million grant from Digital Currency Group.