Author: dfmines

On Tuesday, May 13, the cryptocurrency market is valued at $3.33 trillion, marking a 0.44% increase in the past 24 hours. While bitcoin posted a 10% weekly rise, ethereum’s striking 44% climb—paired with a wave of double-digit gains across several altcoins—has prompted growing speculation that the often-discussed ‘Altcoin Season’ may be near. Crypto Market Swells […]

Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.VanEck joins a burgeoning field of traditional financial firms that have launched RWA tokenized funds, with competitors including BlackRock and Franklin Templeton. In January, Apollo, an investment firm with $751 billion in assets under management, also launched a private credit tokenized fund.With a market capitalization of $6.9 billion, US Treasurys are among the largest asset classes in tokenized funds, second only to private credit, according to data from RWA.xyz.VanEck’s partner, Securitize, has tokenized over $3.9 billion in assets. In May 2024, it raised $47 million in a strategic funding round led by BlackRock.US Treasury tokenized market over time. Source: RWA.xyzTokenization of real-world assets has many benefits that outpace traditional finance systems, including faster settlement times and liquidity to previously illiquid assets, advocates say.Related: ‘Everything is lining up’ — Tokenization is having its breakout momentSEC Chair Atkins on RWA tokenizationAt the Securities and Exchange Commission’s (SEC’s) roundtable on May 12, Chair Paul Atkins compared the moving of securities onchain to the transition of songs from analog to digital. “Just as the shift to digital audio revolutionized the music industry, the migration to onchain securities has the potential to remodel aspects of the securities market by enabling entirely new methods of issuing, trading, owning, and using securities,” Atkins said.“Blockchain technology holds the promise to allow for a broad swath of novel use cases for securities, fostering new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” he added.Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

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The daughter of a prominent cryptocurrency executive narrowly escaped an attempted kidnapping by masked assailants in central Paris on Tuesday morning, with police linking the incident to organized crime. Paris Anti-Gang Unit Probes Daylight Abduction Attempt Linked to Crypto Industry The 34-year-old woman, whose father leads a major cryptocurrency exchange, was targeted around 8:20 a.m. […]

XRP price action on lower timeframes, specifically under the 4-hour mark, remains notably uncertain, with erratic fluctuations and a lack of clear directional bias. However, a deeper analysis reveals that the broader structure on the 4-hour chart is offering more constructive insights. Despite the choppy short-term moves, the 4-hour timeframe maintains a bullish formation, suggesting that underlying momentum may be building.  The Bigger Picture For XRP A key insight shared by market analyst Andrew Griffiths suggests that a decisive move toward the bullish order block between 2.3907 and 2.3277, coupled with strong bearish momentum, could indicate the early signs of a structural breakdown. Related Reading: XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally? In his recent post on X, Griffiths emphasized that this price zone has historically acted as a significant area of demand, where buyers typically step in to defend support. However, if sellers dominate this region and the price fails to hold, it could signal a shift in market dynamics, potentially invalidating the current bullish setup. Despite this technical vulnerability, the overall crypto market sentiment continues to lean bullish. Bitcoin’s dominance remains firm, while the TOTAL2 chart, which reflects the performance of altcoins excluding Bitcoin, maintains a bullish market structure.  These broader trends support the idea that current weakness may be a temporary shakeout rather than the start of a deeper reversal. As such, price action around the order block is key, as it could serve as a turning point in the days ahead. Trade Setup: Waiting for Confirmation at Key Levels Andrew Griffiths outlined a strategic trading approach centered around the 4-hour bullish order block between 2.3907 and 2.3277. According to Griffiths, a price test of this zone, if accompanied by weak bearish momentum, could present a favorable buying opportunity.  Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? This aligns with his personal trading methodology, which focuses on identifying high-probability entries where price reacts to key levels with signs of exhaustion from the opposing side. For traders looking to capitalize on potential long setups, this zone may serve as an ideal area for entry, provided certain conditions align. Signs such as decreasing sell volume, long lower wicks (indicating rejection), or bullish candlestick formations within or just above the zone may act as confirmation of weakening bearish pressure.  Griffiths also emphasizes the importance of waiting for a clear reaction, rather than preemptively entering a position, to reduce the risk of a deeper breakdown. A well-placed stop-loss just below the lower boundary of the order block (2.3277) could offer a favorable risk-reward ratio, especially if the broader trend resumes to the upside. Featured image from Getty Images, chart from Tradingview.com

Key points:Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day.Traders see BTC/USD buying time before its next move, and a trip below $100,000 is on the cards.Bitcoin is showing “undeniable” momentum against gold and stocks, Binance’s Richard Teng says.Bitcoin (BTC) saw a repeat sell-off at the May 13 Wall Street open as bears ignored positive US inflation data.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price stagnates after CPI inflation coolsData from Cointelegraph Markets Pro and TradingView showed BTC/USD again heading lower after failing to reclaim $104,000 as support.The downside came despite the April print of the US Consumer Price Index (CPI) coming in below expectations in what should be good news for risk assets.“The all items index rose 2.3 percent for the 12 months ending April, after rising 2.4 percent over the 12 months ending March,” an official release from the US Bureau of Labor Statistics (BLS) confirmed. “The April change was the smallest 12-month increase in the all items index since February 2021.”US CPI 12-month % change. Source: BLSUS stocks opened higher, with the S&P 500 and Nasdaq Composite Index up 0.7% and 1.4%, respectively, at the time of writing.Reacting, trading resource The Kobeissi Letter noted that the S&P 500 had now delivered net upside year-to-date.“The S&P 500 has technically entered a new bull market, up 20% since April. We are seeing historic moves to both directions in both stocks and commodities,” it wrote in part of a thread on X.S&P 500 1-day chart. Source: Cointelegraph/TradingViewBTC/USD meanwhile surfed nearby order book liquidity around spot price. For popular trader Daan Crypto Trades, the stage was now being set for fresh volatility.“That’s all the big clusters above and below taken out now. Good liquidity grab on both sides,” he summarized alongside data from monitoring resource CoinGlass. “From here on out we’ll just have to wait and see as the market ranges a bit and figures out what it wants to do. No massive liquidity levels nearby so spot will have to be leading.”BTC liquidation heatmap (screenshot). Source: CoinGlassThe day prior, Daan Crypto Trades had forecast a retest of $102,000 based on liquidity clusters, a move which subsequently played out.“Bitcoin is stalling here for a little bit, which is completely fine,” crypto analyst and entrepreneur Michaël van de Poppe continued. “Even if it goes back to $97.5-98K, we’ll still be in an uptrend and building up for new ATHs.”BTC/USDT 6-hour chart with RSI data. Source: Michaël van de Poppe/XTeng: Bitcoin momentum “undeniable”Assessing the ongoing macro implications for BTC price action, trading firm QCP Capital considered the chances of the market trending sideways in the short term.Related: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record“BTC remains caught in a tug-of-war between its identity as ‘digital gold’ and its function as a risk-on proxy. This tension continues to obscure its directional conviction,” it wrote in its latest bulletin to Telegram channel subscribers on the day. “As the macro narrative moves from protectionism toward renewed trade optimism, BTC could remain range-bound.”Others remained strong in their conviction over the general market trajectory, including Richard Teng, CEO of crypto exchange Binance.“While traditional markets recover, Bitcoin’s already leading the pack,” he told X followers while comparing returns since the April 2 “Liberation Day” enacted by US President Donald Trump as he unveiled reciprocal trade tariffs. “With double-digit gains following key global events, BTC is reinforcing its position as a resilient alternative asset—outperforming gold, the S&P 500, and the Nasdaq year-to-date. The momentum is undeniable.”Macro asset comparison. Source: Richard Teng/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Key Takeaways: Saudi Arabia commits to $600 billion in U.S. investments, with $20 billion going into AI and data centers. Global tech giants including Google, Oracle, and AMD plan to deploy $80 billion into emerging technologies across both countries. Crypto and blockchain industries are poised to gain from the infrastructure boom and AI-driven expansion. According…
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Markets rallied after the U.S. and China agreed to reduce tariffs, with crypto benefiting from a broader risk-on mood, with bitcoin and ether gaining momentum. Crypto Sentiment Lifts as U.S. and China Tariff Rollback Sparks Rally A surprise weekend breakthrough in U.S.-China trade relations has breathed new life into global markets, and crypto is no […]

The crypto market has finally recovered, with its global market cap passing $3.42 trillion this morning and bracing for the upcoming bull run. This week, every coin has been rising in value, and many are already trading close to their historical highs. One of them is Bitcoin, which is currently trading at $102,802, only 5.6%…
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