Author: dfmines

An analyst has explained how XRP could end up targeting the $15 mark if this pattern is the governing one behind the latest price breakout. XRP Was Trading Inside A Symmetrical Triangle Earlier In a new post on X, analyst Ali Martinez has talked about where XRP could be heading next based on a technical analysis (TA) pattern. The pattern in question is a Symmetrical Triangle, which forms when an asset consolidates between two trendlines approaching each other at a roughly equal and opposite slope. Related Reading: New Bitcoin Whales Sitting On 185% Higher Cost Basis Than HODLer Whales, Data Shows The top line of the triangle connects together successive lower highs in the price, and the bottom one higher lows. Like with other TA consolidation patterns, the former trendline is likely to provide resistance during a retest, while the latter one supports. A break out of either of these lines can imply a continuation of the trend in that direction. Naturally, an escape above the triangle is bullish, while a fall under it is bearish. As the price consolidates inside a Symmetrical Triangle, its range gets narrower with time, until it shrinks to a point at the apex. Thus, as the asset travels toward the end of the triangle, it can become more likely to find a breakout. The Symmetrical Triangle isn’t the only type of triangle that exists in TA. Two other popular variations are the Ascending and Descending Triangles, which emerge when one of the trendlines is parallel to the time-axis. As the names of these patterns already suggest, they involve consolidation toward a net upside and downside, respectively. Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that XRP was potentially trading inside for years before a breakout: As displayed in the above graph, XRP was nearing the apex of this long-term Symmetrical Triangle last year, meaning a breakout was becoming probable. And indeed, with the bull rally during the last couple of months of the year, the coin managed to find a break above the pattern. Related Reading: Bitcoin Derivatives In The Driver’s Seat For $100,000 Rally, Data Shows Generally, breakouts resulting from a triangular pattern are assumed to be of the same length as the height of the triangle itself. Based on the height of this Symmetrical Triangle, a potential bullish target could lie at around $15 for the cryptocurrency. Naturally, this target would only hold if the trajectory that XRP is currently following is truly based on this Symmetrical Triangle. In the scenario that the pattern does end up being the governing one and the coin observes a bull run to this level, it would have seen an increase of more than 500% from the current price. XRP Price At the time of writing, XRP is floating around $2.45, up around 3% in the last seven days. Featured image from Dall-E, charts from TradingView.com

The SEC is unleashing a new crypto era, vowing to ditch regulation-by-enforcement in favor of bold, crystal-clear rules that supercharge onchain innovation and market growth. SEC Chair Commits to Ending Policy by Enforcement With Clear Onchain Crypto Regulations U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins detailed his ambitious agenda for crypto asset […]

Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website.  In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t interact!” the team said in a May 12 warning to X.In a follow-up post to a user asking whether it was a hack or a hijack, the Curve Team said the website “Points to the wrong IP” when users try to visit. A DNS works like a directory that translates domain names into IP addresses. Source: Curve FinanceThe team also said in another update that the “Password is secure,” its two-factor authentication was set up a “long time ago,” and a question has been sent to the “registrar now.””While all smart contracts are safe, the domain name points to a malicious site which can drain your wallet! We are investigating and working on recovering the access. No sign of a compromise on our side,” Curve said. Curve Finance was hit with a similar front end attack in August 2022. In a post-mortem,  the consensus was that the attackers managed to clone the Curve Finance website and reroute the DNS server to the fake page.Users who attempted to use the platform had their funds drained into a pool operated by the attackers.Cointelegraph has contacted Curve Finance for comment. Curve Finance potential front-end attackOnchain security firm Blockaid also detected unusual activity from the Curve website recently, warning users to stay away and avoid interacting for now.It could be a case of a “potential frontend attack,” according to the security firm, which is when hackers target the part of the website users interact with, such as the buttons, forms, or text on the site, to steal sensitive data.Source: Blockaid“If you’re connected, please refrain from signing transactions and avoid interactions with the DApp until the issue is resolved. We’re working closely with affected partners. More updates soon,” Blockaid said.Related: Crypto hackers hit DeFi for $92M in April as attacks double from MarchSecond attack in a weekThis is the second time Curve Finance has been targeted in the last week. On May 5, a hacker took over its official X handle. “To clarify: the incident was limited strictly to the X account. No other Curve accounts were affected. No security issues were found on our side, no user funds were impacted, and there were no victims of phishing links that the hacker posted,” the team said in a follow-up May 6 post. Source: Curve FinanceAccess to the Curve Finance X account was restored quickly, and the cause is still under investigation.A slew of other high-profile X accounts have also been taken over by bad actors this year. On May 2, the Tron DAO account was hijacked; meanwhile, on April 15, a member of the UK’s Parliament, Lucy Powell, had her account taken over to promote a scam crypto token called the House of Commons Coin (HOC).Magazine: Financial nihilism in crypto is over — It’s time to dream big again

Crypto breaks into Wall Street’s top tier as Coinbase becomes the first digital asset firm added to the S&P 500, signaling a seismic shift in financial market legitimacy. Coinbase Makes History With S&P 500 Inclusion S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), announced on May 12 that Coinbase Global Inc. (Nasdaq: […]

PEPE token is hogging the headlines, and for the right reasons. The meme coin, defying the odds, has gathered the right amount of steam to spring back to life. PEPE surged 16% today, closing a Cup & Handle chart pattern that enabled it to recuperate and improve on previous setbacks. Speculators rushed in, pushing spot trading volume to nearly $4 billion. That outpaced Dogecoin’s $2.84 billion by about $1.10 billion. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back. pic.twitter.com/uCvvppO7aG — M Barbara🐸 (@Barbara_KVH) May 9, 2025 Meme Coin Volumes Spike According to data, PEPE’s smart-contract trades reached $5.74 billion in derivatives today. That is up 280% from yesterday. Dogecoin continues to dominate futures with $6.60 billion volume and a solid Open Interest funding rate—the highest since February 2025. DOGE shorts lost $14 million in liquidations, which is about $3 million less than losses for PEPE shorts. Whale Activity Catches Attention As per on-chain analysts at LookOnChain, a single large wallet added 500 billion PEPE tokens worth $4.36 million. Only a few days ago, the same wallet scooped up another 500 billion at $4.54 million. This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW pic.twitter.com/sx7hOqkcKG — Lookonchain (@lookonchain) May 8, 2025 Now, this whale owns 1.5 trillion tokens worth approximately $18.6 million at today’s rate of $0.0000123. Such transactions can drive prices higher, but can also spark sudden sell-offs. On-Chain Indicators Send Mixed Signals Latest data indicates Chaikin Money Flow on the PEPE/USDT pair went positive on May 6, 2025. That suggests cash is flowing back into the coin as geopolitical tensions subside. However, network growth indicators remain down. Fewer new wallets are entering the PEPE party. In other words, the rally might be more fueled by large traders swapping bags rather than new users piling in. Supply Overhang May Weigh On Gains The overall supply of PEPE is around 420 trillion tokens. That’s a massive amount. Even a fraction of that selling off could swamp exchanges. Coins with tighter supplies don’t require as much buzz to maintain their price. PEPE has risen by over 112% this month, but big supplies mean big gains can turn just as quickly. Bitcoin Boost Fuels Retail Interest Meanwhile, Bitcoin surged over $104,000 today. That level tends to attract more retail traders into the market. If retail is confident, they go after smaller coins afterwards. That might drive PEPE higher if traders believe that the meme rally has legs to it. But it also increases the risk of a sharp pullback if Bitcoin loses steam. Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details What Investors Should Watch Price action on meme coins can fluctuate wildly. Large volumes and whale purchases fuel headlines but do not always mean sustained growth. Look for changes in open interest, new wallet activity, and any adjustments in Bitcoin’s price. If PEPE stays above that Cup & Handle breakout point, it might hang around. If not, today’s surge might be all the pleasant news we get. Featured image from Dejavusoul, chart from TradingView

Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. “With these milestones, Aave is proving its dominance in the Lending Space,” DeFi analyst Jonaso said in a May 12 X post. TVL represents the total value of cryptocurrency deposited into a protocol’s smart contracts. Aave v3’s TVL over time. Source: DeFiLlamaRelated: AAVE soars 13% as buyback proposal passes among tokenholdersBreaking all-time highsIn December, Aave achieved an all-time high TVL largely because the price of Ether (ETH) rose roughly 60% from the prior month. Ether and its staking derivatives make up nearly half of Aave’s TVL, according to data from DefiLlama. This time around, Aave’s all-time high TVL is also driven by inflows of deposits by users. In Ether-denominated terms, Aave’s TVL rose from around 6 million ETH at the start of 2025 to nearly 10 million ETH on May 12. Measuring TVL in ETH accounts for the impact of fluctuating cryptocurrency prices. Aave says its net deposits broke $40 billion this week. Source: AaveBefore US President Donald Trump prevailed in the November election, Ether traded at less than $2,500. It peaked at almost $4,000 the following month, according to data from Google Finance. In the past month, Ether has also clocked substantial gains, rising from around $1,500 per Ether 30 days ago to roughly $2,500 as of May 12, according to data from Google Finance. The price of Aave’s native AAVE (AAVE) token has risen approximately 25% in the past seven days, reflecting a buoyant crypto market and ongoing TVL inflows, according to data from CoinMarketCap.Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

OP_RETURN is a Bitcoin script opcode enabling users to embed small, unspendable data within transactions, striking a balance between functionality and network efficiency. A recent proposal to lift its 80-byte cap has ignited discussion over Bitcoin’s role as a data carrier versus a streamlined payment system. Understanding OP_RETURN: Bitcoin’s Data Carving Tool OP_RETURN, added in […]

The list of the top holders of US President Donald Trump’s memecoin has been finalized ahead of background checks to apply for a dinner and “VIP tour” with the president on May 22.In a May 12 X post, the TRUMP memecoin project said it would stop considering additional purchases for a dinner with the president, adding that the top tokenholders had been notified to apply for background checks if they wanted to attend. According to data provided on the project’s leaderboard, the top 220 wallets held more than 13.7 million tokens as of May 12, worth roughly $174 million at the time of publication.Top 10 TRUMP memecoin holders as of May 12. Source: TRUMP memecoin projectIt’s unclear who, if any, of the wallet holders will choose to apply for and attend the dinner with Trump, or the “exclusive reception” expected to be in the White House for the top 25 holders, on May 22. A May 7 Bloomberg report suggested that the majority of tokenholders were based outside of the United States, leading to potential security concerns and conflicts of interest.Many US lawmakers and figures in the crypto industry criticized the president for launching the memecoin just days before taking office on Jan. 20. In the wake of his dinner announcement on April 23, the calls for congressional oversight and allegations of corruption have intensified, with one senator calling for Trump’s impeachment and other representatives refusing to consider crypto-related legislation until their concerns were addressed.Related: FT report suggests advance knowledge of Melania Trump memecoin launchCompanies also apparently seeking influence over Trump’s policies have invested in the memecoin. In April, Freight Technologies said it would invest $20 million in the token, suggesting that it could affect the president’s trade war between the US and Mexico, where the firm conducts some of its business. As of May 12, the company had not announced whether it qualified to send a representative to the dinner.Not Trump’s first appeal to crypto usersDuring his 2024 campaign, Trump hosted a dinner with supporters who purchased his “mugshot” non-fungible tokens, which featured a picture of the then-presidential candidate at his surrender to authorities on charges he attempted to overturn the 2020 election. Many of the “mugshot” attendees publicly shared their identities on social media ahead of and during the event, but at the time of publication, no one appeared to be claiming they would apply for the memecoin dinner. Wallets with the usernames “Sun” and “elon” have led to speculation that Tron founder Justin Sun and Tesla CEO Elon Musk — both Trump supporters who have financial interests tied to Trump’s presidency — could be among the attendees. Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Coinbase Global (COIN) will join the Standard and Poor’s 500 (S&P500) index fund on May 19, financial information services platform S&P Global said in a recent statement.The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), S&P Global said on May 12.S&P Global’s confirmation of Coinbase Global being inserted into the S&P 500. S&P GlobalThe S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a broad measure of the overall US stock market.Coinbase’s inclusion in the S&P 500 should increase demand for its stock because index funds and exchange-traded funds that track the S&P 500 must buy COIN shares to mirror the index.COIN shares immediately rose 8.8% to $225.4 in after-hours trading following the announcement, Google Finance data shows.Related: $45 million stolen from Coinbase users in the last week — ZachXBTThe crypto exchange joins Tesla and Block Inc. as the other large corporate Bitcoin holders currently in the index fund, which tracks an aggregate market cap of more than $49.8 trillion as of March 31.Source: Michael SaylorMagazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fightThis is a developing story, and further information will be added as it becomes available.