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Philip

@philipstrade

2036 Following
349 Followers
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Wemade's Wemix token plunges 60% after South Korean exchanges announce delisting Wemix, the cryptocurrency from South Korean Web3 game developer Wemade, dropped over 60% on Friday after local exchanges announced plans to delist the token for the second time. Starting around 3 p.m. Friday in South Korea, the price of Wemix plummeted from $0.7225 to a low of $0.2757 in a matter of 15 minutes. It has since recovered to around $0.36 as of publication time, though it remained down 50% compared to the same time yesterday, according to CoinMarketCap data. The plunge appears to have been triggered by a collective announcement from major local crypto exchanges regarding their decisions to delist the token from their platforms. https://www.theblock.co/post/352911/wemades-wemix-token-plunges-after-south-korean-exchanges-announce-delisting
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Ripple Crypto’s $5B Offer for Circle Crypto Rejected: What Is Circle Crypto? Ripple offers $5 billion to buy Circle. USDC issuer rejects the proposal. What’s next for Ripple and XRP crypto? Will XRPUSDT rise, and will Circle agree to an improved offer? Insiders claim the Ripple bid was too low and didn’t factor Circle’s growth potential. To gauge how quickly tokenization is being adopted, look at how fast fiat is brought onchain. The first to achieve major success was USDT by Tether Holdings, now the largest stablecoin with over $148 billion in market cap. USDT ranks as the third-largest crypto project, trailing only Bitcoin and Ethereum, surpassing even Solana, home to some of the best meme coin ICOs. https://99bitcoins.com/news/ripple-cryptos-5b-offer-for-circle-crypto-rejected-what-is-circle-crypto/
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AVAX Crypto Forms Bullish Breakout: Will Avalanche Price Hit $50 In May? Avalanche’s AVAX crypto has been making some exciting moves lately with its recent bullish breakout. It does trigger the question on everyone’s mind whether AVAX can climb to $50 by May. What’s driving this momentum? Avalanche has been on a roll, recently surging from the $18 mark to slightly above $22, a tidy 10% jump in just days. This breakout smashed through a key resistance at $20.40, forming a visible bull flag pattern. High trading volume also backed this move, proving AVAX’s climbing demand. The price is now holding steady around $21-$22, with support forming at $19.50, and bulls standing their ground. https://99bitcoins.com/news/presales/avax-crypto-forms-bullish-breakout-will-avalanche-price-hit-50-in-may/
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South Korea's ruling party pledges spot crypto ETF trading, expanded bank access as election looms: report The People Power Party (PPP), a major right-wing political party in South Korea, has pledged to expand banking access for crypto exchanges and allow trading of spot crypto exchange-traded funds within this year, as it seeks to court the crypto sector ahead of the upcoming presidential election. In a Monday meeting at the National Assembly, the party unveiled seven initiatives to foster a crypto asset ecosystem, local news outlet Edaily reported. The party first pledged to scrap the "one exchange, one bank" rule, which financial authorities had enforced to curb money laundering and monitor suspicious transactions by requiring crypto exchanges to partner with a single bank for real-name verified accounts. https://www.theblock.co/post/352313/south-korea-crypto-pledge
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Elon Musk Is Planning to Raise $20Bn With xAI: Best AI Crypto to Buy? Elon Musk’s xAI Holdings is discussing raising around $20 billion for the AI firm with potential investors. With the AI space undergoing a resurgence, Mind Of Pepe (MIND) looks set to be a blue-chip AI play for 2025. The most notable releases from xAI are the Grok AI chatbot and a text-to-image model named Aurora. Grok has undergone multiple upgrades and is currently on V3. It has also been integrated into the messenger app Telegram. From Bloomberg. XAI in discussions to do a $20 billion funding round. pic.twitter.com/6LCpwy2oqM — Brian Wesbury (@wesbury) April 26, 2025 Further $20 Billion Raise For xAI Holdings Would Value The Firm At More Than $120 Billion https://99bitcoins.com/news/presales/elon-musk-is-planning-to-raise-20bn-with-xai-best-ai-crypto-to-buy/
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Stablecoin issuers are projected to become major holders of US Treasuries by 2030 – Citibank GPS report Citibank's "Digital Dollars" report, released on Thursday, highlights that stablecoin issuers are projected to become major holders of US Treasuries by 2030. The report identifies 2025 as the potential year for blockchain's 'ChatGPT' moment in adoption, driven by regulatory change. Moreover, the adoption of blockchain in the public sector is rising, driven by a push for transparency and accountability in public spending, evident in the US government’s Department of Government Efficiency (DOGE) initiative and blockchain pilots by central banks. https://www.fxstreet.com/cryptocurrencies/news/stablecoin-issuers-are-projected-to-become-major-holders-of-us-treasuries-by-2030-citibank-gps-report-202504250756
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Astra Fintech Launches $100 Million Fund to Boost Solana Ecosystem Innovation Astra Fintech has announced the launch of a $100 million fund aimed at accelerating innovation within the solana ecosystem. This initiative seeks to identify and support high-potential builders and startups, building on Astra’s successful track record with projects like Mulex, DEPE, and Mone, and its sponsorship of the Seoulana event. In addition to funding, Astra is advancing its Payment Finance (PayFi) strategy by integrating Banana Pay, positioning itself at the intersection of decentralized and traditional finance to facilitate seamless blockchain transactions. With Korea as its regional hub, Astra plans to deploy capital and forge partnerships to drive solana adoption across Asia, leveraging the country’s tech-savvy market as a launchpad for broader expansion. https://news.bitcoin.com/astra-fintech-launches-100-million-fund-to-boost-solana-ecosystem-innovation/
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Ethereum may be ready for a breakout despite bearish sentiment – Here’s why! - Ethereum stands resilient, with its DeFi throne unshaken and its foundation fortified by whales - Is ETH quietly undervalued? Ethereum remains structurally resilient. Whale accumulation has been rising fast, showing strong conviction from high-net-worth entities. In fact, just recently, an address acquired 12,010 ETH at an average entry of $1,531. That’s approximately $18.39 million in fresh capital inflows. Simultaneously, Ethereum continues to anchor the DeFi stack, commanding the lion’s share of Total Value Locked (TVL) across protocols. At press time, the TVL for the Ethereum L1 ecosystem hovered near $190 billion. https://ambcrypto.com/ethereum-may-be-ready-for-a-breakout-despite-bearish-sentiment-heres-why/
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Trump Helps Cool Canadian Inflation as Election Day Looms The country reported lower-than-expected consumer price index (CPI) numbers in March, but the reason may be a bit surprising. President Donald Trump is perhaps public enemy number one in Canada. His rhetoric about an annexation of the country in order to turn it into the “51st state” has left a bad taste in the mouths of almost every Canuck. But on Tuesday, Statistics Canada announced that inflation had lowered from 2.6 in February to 2.3 in March, largely due to Trump’s policies. The key drivers in the reduction of the pace of inflation were lower prices for fuel and discounted travel tours, as Canadians limited their travel to the U.S. The cost of travel tours decreased by 4.7% in March while price for air travel to the U.S. tumbled 12% year-over-year, according to Statistics Canada. https://news.bitcoin.com/trump-helps-cool-canadian-inflation-as-election-day-looms/
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Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes. The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian Economy Minister Giancarlo Giorgetti recently warned. Speaking at an asset management event in Milan, Giorgetti emphasized that the United States’ evolving cryptocurrency policy—particularly regarding dollar-pegged stablecoins—presents a compelling cross-border payment method that European authorities cannot afford to ignore. https://news.bitcoin.com/dollar-based-stablecoins-pose-greater-threat-to-euro-italian-economy-minister-says/
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Tariffs May Help Fund US Bitcoin Reserve Buildup Says White House Advisor Bo Hines The Trump administration's sweeping tariffs, which have roiled global markets over the past few weeks, may just become instrumental to funding the U.S. Strategic Bitcoin Reserve without using taxpayer money. While the extensive tariffs threatened and implemented over the past month have escalated and jolted crypto markets as the Trump administration pursues an "America First" trade policy, a key White House advisor thinks the revenues from it could be used to add to the country's Bitcoin stash. Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, said in a White House interview with Professional Capital Management’s Anthony Pompliano that the Trump administration is exploring several "budget-neutral" methods to get more Bitcoin. https://decrypt.co/314816/tariffs-fund-us-bitcoin-reserve-buildup-white-house-advisor-bo-hines
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