Day: May 7, 2025

Price predictions of major cryptocurrencies

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Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at $97,895 and challenge the all-important $100,000 level. Crypto analytics platform Santiment said in a post on X that Bitcoin wallets holding between 10 and 10,000 Bitcoin are positive about further gains as they have acquired…

Bybit recovers liquidity levels 30 days after hack — Kaiko

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The Bybit exchange has recovered its liquidity to pre-hack levels just 30 days following the February 2025 attack that drained nearly $1.5 billion in funds. According to a report from crypto research and analytics firm Kaiko, Bitcoin’s (BTC) 1% market depth, a measure of liquidity, returned to pre-hack levels of around $13 million per day in March 2025. Bitcoin liquidity on Bybit exchange rebounds to pre-hack levels. Source: Kaiko Altcoin liquidity levels on the exchange have been slower to recover than Bitcoin but have rebounded to around 80% of the…

Trump memecoin dinner attendees could include foreign nationals — Report

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At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States. According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president…

Bitcoin $1B daily realized profits signal ‘late-stage bull market’

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Key points: Bitcoin investors are making the most of the highest price levels in several months by cashing out profits. These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse. Institutional participation has not led to a change in mindset, CryptoQuant says. Bitcoin (BTC) risks a “local top or sharp correction” if current levels of profit-taking continue, new research warns. In a “Quicktake” blog post on May 8, onchain analytics platform CryptoQuant flagged elevated realized profits among BTC investors. BTC profit-taking…

Vivek Ramaswamy’s Strive to establish Bitcoin treasury company in merger with Asset Entities, eyes $1B raise

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Key Takeaways Asset Entities and Strive Asset Management are merging to establish a public Bitcoin treasury company. The new entity will allow Bitcoin holders to exchange assets for public stock tax-free. Share this article Asset Entities, a technology firm specializing in social media marketing and content delivery across platforms, announced today it has entered into a definitive merger agreement with Strive Asset Management, backed by Vivek Ramaswamy, to create a public Bitcoin treasury Company. The combined entity, operating under the Strive brand and retaining its Nasdaq listing, will focus on…

SocialFi has failed to take off — Here’s what needs to change

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Opinion by: Anurag Arjun, co-founder of Avail  On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at…

Safeheron introduces open-source Intel SGX TEE framework for Web3 security

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Safeheron, a digital asset infrastructure provider based in Singapore, has introduced an open-source Trusted Execution Environment (TEE) framework. This solution could bolster security and privacy for Web3 in sectors like decentralized finance (DeFi), payment services, and decentralized autonomous organizations. The TEE framework is the first built upon the native Intel SGX SDK and developed using modern C++, a general-purpose object-oriented programming language often used for operating systems, game development, and high-powered computing. Safeheron decided to open-source the framework because the company had seen growing concerns across the industry about closed,…

Can XRP price reach $4 in May? Analysts are watching these key levels

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Key takeaways: XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery. Whale accumulation signals XRP price strength. XRP price must hold above $1.83–$2.00 support to continue upside, analysts say. XRP (XRP) price displayed strength on May 7, rising 2% over the last 24 hours after news of possible US-China trade talks flipped investor sentiment.  XRP price remains above $2.00 at the time of writing, as several analysts highlight the key support levels the asset should hold…

Visa invests in stablecoin payment platform BVNK amid pro-crypto push

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Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation. According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote: “I’m particularly excited about what it means to partner with Visa—the original payments innovator. Their deep…