Warsh&#8217;s confirmation as Fed Chair signals a potential shift towards more 
hawkish monetary policies, aligning with Trump&#8217;s economic agenda.
The post Kevin Warsh confirmed as Fed Chair, succeeds Jerome Powell appeared 
first on Crypto Briefing.

Kevin Warsh confirmed as Fed Chair, succeeds Jerome Powell

Legacy exchange operators CME Group and ICE are reportedly lobbying U.S. 
authorities to force federal oversight onto Hyperliquid. The crypto community 
and the Hyperliquid Policy Center fiercely rejected the claims, arguing that 
public blockchain ledgers offer total transparency. Legacy Exchanges Raise 
National Security Alarms In what is shaping up to be a clash between 
traditional […]

Arthur Hayes Tells CME and ICE Off as HYPE Drops Nearly 9% After Lobbying Push

Space-based data centers could revolutionize AI computing but face challenges 
like radiation, latency, maintenance, and increased space debris.
The post SpaceX and Blue Origin plan to build orbital data centers powered by 
solar energy appeared first on Crypto Briefing.

SpaceX and Blue Origin plan to build orbital data centers powered by solar energy

Anthropic&#8217;s strategy may accelerate AI adoption in regulated sectors, 
influencing market dynamics and boosting decentralized compute solutions.
The post Anthropic prioritizes speed to market over compute costs, says 
analyst appeared first on Crypto Briefing.

Anthropic prioritizes speed to market over compute costs, says analyst

XRP is experiencing a significant price retracement after being rejected at 
$1.55. So far in May, the altcoin’s price movement has been unstable, with 
each gain followed by a prominent dip, yet it has formed an ascending 
trendline. XRP finds itself in a similar situation as prices have corrected by 
over 7% in the past three days. Notably, the market analysis page, MCO Global, 
has shared some insights on this situation, discussing the altcoin’s potential 
to sustain its trendline or be exposed to major downside targets. Related 
Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big 
Move May Follow XRP Recovery Hinges On Pivotal $1.40 Support In an X post on 
May 15, analysts from MCO Global have highlighted the key short-term price 
levels in the present XRP market structure. Given the volatile action over the 
past two weeks, experts concur that market participants are nervous about 
price direction. However, amid this choppy price action, XRP has maintained an 
important micro-support zone around $1.40. Using Elliott Wave theory, the 
recent retest at this level aligns with wave B, when the market forms a 
temporary corrective bounce before initiating the final leg of the correction 
in wave C. Therefore, as long as the price stays above $1.40, MCO Global 
analysts predict a high likelihood of another surge towards $1.55-$1.58. In a 
more bullish scenario, they project that XRP could break above this resistance 
zone and extend its rally to $1.67, representing a potential 16.7% gain from 
current levels. On the other hand, a break below $1.40 would force an 
immediate drop to $1.37. If this price floor fails to hold, XRP traders could 
anticipate a decline to another key support at $1.30, which aligns with the 
lower trendline of a forming symmetrical triangle. Related Reading: Why The 
$65,000 Region Is Important As Bitcoin Gears Up To Face Massive Resistance At 
These Levels XRP Market Overview At the time of writing, XRP trades at $1.43, 
reflecting a 3.68% decline in the last 24 hours. Meanwhile, daily trading 
volume is down 42.36% to $2.38 billion. However, the altcoin shows a slight 
0.98% gain on its monthly chart, indicating that some new entrants remain in 
profit. According to the MCO Global analysts, the present XRP market structure 
is “highly corrective and unstable.” Amid this prevailing uncertainty, holding 
above the $1.40 support level remains crucial to sustaining any bullish 
momentum. With a market cap of $88 billion, XRP remains the fifth-largest 
cryptocurrency. Featured image from Pexels, chart from Tradingview

XRP Price Could Return To $1.55 But Only If This Crucial Support Holds

The temporary tariff reduction may ease trade tensions, fostering potential 
long-term negotiations and impacting global tech supply chains.
The post China and US agree to slash tariffs for 90 days, dropping levies from 
145% to 30% appeared first on Crypto Briefing.

Kevin Warsh confirmed as Fed Chair, succeeds Jerome Powell

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