Category: Cryptocurrency News

Crypto analyst DOGECAPITAL has highlighted a Bitcoin-like pattern on the Dogecoin chart, which could trigger a parabolic rally. Based on his analysis, this rally could send the DOGE price above $10, marking a new all-time high (ATH) for the top meme coin.  Related Reading: XRP’s $5 Dream Ride Hinges On This One Chart Setup – Analyst The Bitcoin Historical Pattern Which Could Send Dogecoin Above $10 In an X post, DOGECAPITAL predicted that the Dogecoin price could rally above $10. He alluded to the weekly chart and compared the historical price cycles of Bitcoin and DOGE, while pointing out what tends to happen when BTC closes a weekly candle at all-time highs (ATHs). In the first cycle, which was in 2017, DOGE surged and achieved a 94x gain in the following months after BTC closed the week at its ATH.  In the second cycle, which was in 2020, Dogecoin witnessed a more explosive 190x rally in the following months after Bitcoin closed the week at new all-time highs. Meanwhile, again in the third cycle this year, BTC is currently trading around its ATHs. However, it needs to confirm a weekly close above this level to validate a DOGE breakout.  Based on history, DOGECAPITAL noted that this could set the stage for Dogecoin to “dramatically” outperform Bitcoin again. DOGE could also surpass its gains in previous cycles. The analyst’s accompanying chart showed that the meme coin could even rally to as high as $69 on this explosive move.  The analyst urged market participants to watch the weekly close as the last two times Bitcoin confirmed new highs, Dogecoin didn’t just surge but “launched.” In the short term, crypto analyst Ali Martinez indicated that the foremost meme coin could rally to $0.31. In an X post, he stated that DOGE appears to be breaking out of a bull pennant, which points to this target.  DOGE’s Uptrend Is Still Strong In an X post, crypto analyst Trader Tardigrade stated that Dogecoin’s uptrend remains pretty much solid. His accompanying chart showed that the meme coin still has enough room to rally to the much-anticipated $1 price level. In another analysis, the analyst stated that DOGE will likely break the recent high at $0.25.  Meanwhile, crypto analyst Master Kenobi stated that his short-term roadmap for Dogecoin is going according to plan so far. His chart showed that he expects the meme coin to consolidate in this range for 17 days before it then breaks out and rallies to $0.75 sometime in June. This will mark a new ATH for the DOGE price, with its current all-time high at $0.73.  Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K At the time of writing, the Dogecoin price is trading at around $0.2286, down over 6% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Unsplash, chart from TradingView

President Donald Trump is facing scrutiny after speaking at a private event for top investors in his $TRUMP memecoin while standing behind a lectern emblazoned with the official presidential seal — a move that may violate federal law.The event took place Thursday at Trump National Golf Club in Virginia, where Trump addressed 220 investors in his cryptocurrency project.According to US law, the presidential seal cannot be used in any manner that could imply government approval or sponsorship. Violators can face fines or up to six months in prison.Trump, who arrived at the club aboard a military helicopter, praised attendees and took aim at the Biden administration’s crypto stance.When asked about potential conflicts of interest, White House Press Secretary Karoline Leavitt said the president’s involvement was personal. “It is not a White House dinner,” she told reporters. “It’s not taking place here at the White House.”Related: Pictures give glimpse inside Trump’s memecoin holder dinnerTrump features presidential seal at private propertiesThis isn’t the first time Trump has featured the presidential seal at his private properties. Forbes has previously reported its use as golf markers at several Trump-owned clubs.In a May 22 letter to the Justice Department, 35 House members asked the public integrity section acting chief, Edward Sullivan, to launch an inquiry over the memecoin dinner to determine whether it violated the federal bribery statute or the foreign emoluments clause of the US Constitution. Under the emoluments clause, a US president is barred from accepting any gift from a foreign state without the approval of Congress.Source: Molly PloofkinsBloomberg reported that a majority of the attendees at the memecoin dinner were likely foreign nationals based on their connections to crypto exchanges. “US law prohibits foreign persons from contributing to US political campaigns,” said the letter. “However, the $TRUMP memecoin, including the promotion of a dinner promising exclusive access to the President, opens the door for foreign governments to buy influence with the President, all without disclosing their identities.”Related: US lawmaker introduces anti-corruption bill ahead of Trump’s dinnerTrump embraces crypto despite previous skepticismTrump’s embrace of crypto marks a sharp turn from his skepticism during his first term. The $TRUMP memecoin, launched earlier this year, peaked at $74.34 before falling to $14.44 by May 22.High-profile guests at the dinner included Tron founder Justin Sun, ex-NBA player Lamar Odom, and Asian crypto executives Sangrok Oh and Vincent Liu.Sun, who reportedly invested over $40 million in $TRUMP tokens and spoke at the dinner, also has deep ties to Trump’s crypto ventures. He’s the top backer of World Liberty Financial, a Trump-affiliated firm currently under regulatory scrutiny.Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

Federal agents just seized $868K in crypto after busting a slick romance-fueled scam that funneled victims into fake digital asset platforms promising sky-high returns. Crypto Sting Unveiled: DOJ Seizes $868K After Web of Romance Turns Dark The U.S. Department of Justice (DOJ) announced on May 23 that federal authorities have confiscated over $868K in cryptocurrency […]

According to an analyst, XRP could jump to $27 within about 60 days if it really does follow the same path it took back in 2017. The market expert points out that the token is acting a lot like it did before, and that has some traders watching closely. The setup is simple: repeat history, hit big targets, cash out along the way. Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K XRP Fractal Moves Mirror 2017 Based on reports, XRP first climbed from $0.0055 in March 2017 to $0.3988 by May of that year. Then it cooled off for roughly six months. In its current run, XRP lagged around $0.50 through most of 2023 and into early 2024. After the US elections in November 2024, it shot up nearly 600%—from $0.50 to $3.40 by January 2025. Now it’s pulled back and is sitting still. That pattern looks a lot like what happened eight years ago. #XRP – Fib Circle & The Surge (1700% in just 60 Days!): If #XRP is repeating the last section or pattern from October 2017, we might be on the brink of a major breakout soon! 🔥 Back in October 2017, XRP took roughly 63 days to explode and set a new all-time high, skyrocketing… pic.twitter.com/hXJLv6M5Tr — EGRAG CRYPTO (@egragcrypto) May 23, 2025 Fibonacci Levels And Profit Marks Analyst Egrag Crypto pinpoints three clear price zones before the big $27 goal. First is $8.49 (the 1.272 Fib extension). Next sits at $13.79 (1.414 Fib). Finally, if the token truly repeats 2017’s second wave—a 1,772% surge—it would top out near $27. To get there in 60 days is a stretch. But the math lines up if history really does rhyme. Traders are being told to book gains along the way instead of waiting for that final number. Support Lines Hold The Key He also notes that XRP needs to stay above the 21-week exponential moving average. That line is around $2.30 right now. XRP trades at about $2.33, so it’s only just ahead. If price dips under that moving average, the bullish case starts to wobble. A drop below $2.30 could see sellers step in and push it back toward tougher floors, like the $2.00 zone or other support bands from on-chain data. 🚀 #XRP is about to enter one of the most important moments in its history. Imagine holding 5589 XRP before the market explodes. Let me explain in this 🧵 why May 19 could change everything 👇 pic.twitter.com/fS4GaWXENC — J4b1 (@XRPJ4b1) April 27, 2025 Futures And Volume Signals A fresh wrinkle comes from CME Group’s new XRP futures contracts. They went live in mid-May 2025, and only 1,380 contracts have traded so far—roughly $35.8 million in volume against XRP’s $138 billion market cap. hilarious that only 1,380 contracts of the new XRP futures traded on CME since launching over a week ago 1 contract value is $24k, so only $35.8mm USD market value traded in a week (~$5MM/day)… on a $138bn Market Cap/$233bn FDV token? over half of the volume is probably market… pic.twitter.com/xYavBXnDXO — Gold Mansacks (@Gold_Mansack) May 20, 2025 That’s a tiny fraction, and some say it’s underwhelming. Yet it could be the start of wider institutional flows if volume picks up. Watching that number in the coming weeks may tell us if big players are stepping in. Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Market watchers have doubts about a 1,772% move in two months. Regulators still have Ripple’s legal standing hanging in the air, and broader crypto sentiment can shift fast. Yet others feel that once XRP clears $2.70—that’s the 1.414 Fib level—it will have enough momentum to push past $3.00 and beyond. Based on all this, a move to $27 by July 2025 is not off the table, but it won’t be easy. Featured image from Pexels, chart from TradingView

Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could’ve been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Related Reading: Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’ Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins moved out of crypto exchanges during this time. This has also persisted with six out of the last seven days showing that net flows are negative. This means that there have been more ETH leaving crypto exchanges than those going into exchanges for selling. Thus, showing that buying remains the order of the day. In this 7-day period, net flows for Ethereum are sitting at -$140 million. However, going further back, on the 15-day timeframe, investors are still skewing more toward selling. This time period shows a positive $186.48 million in net flows as well, which would explain why the Ethereum price seems suppressed despite Bitcoin making new all-time highs.. The 30-day period is no different, showing even larger deposit trends. In total, Ethereum investors have moved more ETH into crypto exchanges, causing net flows to fall to rise to $483.54 million during this time. What Could Happen To Price If Net Flows Remain Negative If the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again. Related Reading: Bitcoin Golden Cross In Play – Analyst Reveals Best Course Of Action As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term.   Featured image from Dall.E, chart from TradingView.com

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A class-action lawsuit against Coinbase has raised concerns about biometric data collection and storage practices by technology companies. Nanak Nihal Khalsa argues argues that relying on immutable biometric identifiers poses permanent risks, as they cannot be reset once compromised. Patchwork of State-Level Privacy Regulations A class-action suit recently filed against the cryptocurrency exchange Coinbase has […]

Moon Inc. head of Bitcoin strategy Jesse Myers says that Bitcoin holders are underestimating the significant amount of Bitcoin that corporations will accumulate by 2045.“Bitcoin Treasury Companies will hold 50% of all BTC, way more than most Bitcoiners are prepared for,” Jesse Myers said in a May 23 X thread.Strategy will own $70T of Bitcoin by 2025, says MyersMyers further forecasted that Michael Saylor’s Strategy will own $70 trillion worth of Bitcoin (BTC) by 2045, “making it by far the most valuable company in the history of the world.” At the time of publication, Strategy holds 576,320 Bitcoin, worth approximately $62.24 billion, according to Saylor Tracker.Source: Jesse MyersMyers said, “To set the stage, there is $1,000T of asset value in the world.” He added that Bitcoin represents just 0.2% of that total amount. He explained that, since half of all capital in the world is essentially seeking the best store of value, more capital will “osmotically flow” into Bitcoin over time.“Over the last 2 years, an exodus from fiat assets (bonds and money) has already begun. Hard money assets (Bitcoin and gold) are where things are shifting,” he said.Source: Jesse MyersMyers said that there is around $318 trillion of capital in bonds “looking for greener pastures.” He said most of this capital is tied up in fixed-income institutional vehicles with “strict mandates.” “That’s where Bitcoin Treasury Companies come in,” Myers said.“Treasury Cos will be the primary bidders for BTC over the coming decades, deploying an ocean of SoV capital to BTC.”Related: Bitcoin price hit a new all-time high, and data shows BTC bulls aren’t done yetWhile Strategy has been accumulating Bitcoin since 2020, other treasury companies are starting to emerge.On April 24, Twenty One Capital formed, which is a Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank and Cantor Fitzgerald. The firm is looking to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.”According to Bitbo data, publicly traded and private companies, ETFs, and nation-states collectively hold 3.23 million BTC, valued at approximately $348.25 billion.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets.On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets.The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case.Eisenberg, a self-proclaimed “applied game theorist,” was convicted in 2024 for artificially inflating the price of Mango’s MNGO token by over 1,300% in a matter of minutes and using the resulting gains as collateral to withdraw $110 million in crypto assets from the platform.Related: US DOJ seizes $24M in crypto from accused Qakbot malware developerJudge sides with EisenbergThe Justice Department argued that he deceived Mango’s smart contract-based lending system, but Eisenberg’s defense maintained that he merely exploited poorly designed, permissionless code — without making any false representations.Judge Subramanian agreed, writing that “Mango Markets was permissionless and automatic,” meaning the system couldn’t be deceived in a legal sense. “There was insufficient evidence of falsity,” the judge added, siding with Eisenberg’s interpretation of DeFi mechanics.US judge siding with Eisenberg on nature of the exploit. Source: Bwbx.ioThe judge also rejected prosecutors’ argument that the case should be heard in New York. Eisenberg was in Puerto Rico at the time of the trades, and the court found that no meaningful activity tied to the alleged crime occurred in New York.The DOJ had cited a Poughkeepsie-based Mango user and a third-party vendor in Manhattan, but the judge ruled these were not enough to establish proper venue.The US government must now decide whether to refile the vacated charges, though the Trump administration has recently signaled a reduced focus on crypto enforcement. Eisenberg still faces civil suits from both the SEC and CFTC.While this ruling clears Eisenberg in the Mango Markets case, he remains behind bars.Related: Mango Markets exploiter sentenced to over 4 years on child abuse material chargesEisenberg charged with child pornographyIn a separate case, Eisenberg was sentenced to nearly four years in prison on May 1 after pleading guilty to possessing child pornography — a charge stemming from unrelated evidence uncovered during his arrest.In December 2022, US federal law enforcement authorities arrested Eisenberg in Puerto Rico. FBI officials charged the hacker with one count of commodities fraud and one count of commodities manipulation.A jury found Eisenberg guilty of wire fraud, commodities fraud, and commodities manipulation in April 2024. The defense argued that the exploit was not a cybercrime and represented a “successful and legal trading strategy.”Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express