Trump Media will introduce a utility token via a new Truth wallet to power subscriptions and future services across the Truth ecosystem. The post Trump Media to roll out utility token tied to platform expansion appeared first on Crypto Briefing.

Trump Media to roll out utility token tied to platform expansion

Bitcoin price is consolidating gains above the $94,000 zone. BTC is again 
rising and might aim for a move above the $95,500 resistance zone. Bitcoin 
remained supported above the $93,850 zone. The price is trading above $94,100 
and the 100 hourly Simple moving average. There was a break below a connecting 
bullish trend line with support at $94,850 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair could start another increase if it 
clears the $95,500 zone. Bitcoin Price Eyes Fresh Surge Bitcoin price started 
a short-term downside correction from the $95,500 resistance zone. BTC 
declined below the $95,000 and $94,500 support levels. There was a move below 
the 50% Fib retracement level of the upward move from the $92,900 swing low to 
the $95,488 high. Besides, there was a break below a connecting bullish trend 
line with support at $94,850 on the hourly chart of the BTC/USD pair. However, 
the bulls were active near the $93,850 support and the 61.8% Fib retracement 
level of the upward move from the $92,900 swing low to the $95,488 high. 
Bitcoin price is now trading above $94,500 and the 100 hourly Simple moving 
average. On the upside, immediate resistance is near the $95,000 level. The 
first key resistance is near the $95,250 level. The next key resistance could 
be $95,500. A close above the $95,500 resistance might send the price further 
higher. In the stated case, the price could rise and test the $96,500 
resistance level. Any more gains might send the price toward the $98,000 
level. Another Decline In BTC? If Bitcoin fails to rise above the $95,500 
resistance zone, it could start another downside correction. Immediate support 
on the downside is near the $94,500 level. The first major support is near the 
$93,850 level. The next support is now near the $93,500 zone. Any more losses 
might send the price toward the $92,500 support in the near term. The main 
support sits at $91,200. Technical indicators: Hourly MACD – The MACD is now 
gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for BTC/USD is now above the 50 level. Major Support Levels – $94,500, 
followed by $93,850. Major Resistance Levels – $95,250 and $95,500.

Bitcoin Price Steady Above Key Levels — Ready for a New Push Higher?

The US&#8217;s strategic push to dominate Bitcoin could reshape global financial 
power dynamics, influencing innovation and regulatory landscapes.
The post Bitcoin space race is on and US wants to win it: Bo Hines appeared 
first on Crypto Briefing.

Bitcoin space race is on and US wants to win it: Bo Hines

Sofi is storming back into crypto with full force, leveraging a pivotal 
regulatory shift to embed digital assets across its financial ecosystem. 
Regulatory Update Sparks Sofi’s Crypto Reentry Anthony Noto, chief executive 
officer of fintech company Sofi, confirmed in an interview with CNBC on Monday 
that the digital finance platform intends to reintroduce cryptocurrency 
services […]

Sofi Plans Major Crypto Comeback After Regulatory Breakthrough

Australia&#8217;s financial intelligence agency has told inactive registered crypto 
exchanges to withdraw their registrations or risk having them canceled over 
fears that the dormant firms could be used for scams.
There are currently 427 crypto exchanges registered with the Australian 
Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on 
April 29 that it suspects a significant number are inactive and possibly 
vulnerable to being bought and co-opted by criminals.
The agency is contacting any so-called digital currency exchanges (DCEs) that 
appear to no longer be trading, and AUSTRAC CEO Brendan Thomas said they&#8217;ll be 
told to &#8220;use it or lose it.&#8221;
&#8220;Businesses registered with AUSTRAC are required to keep their details up to 
date; this includes details about services that are no longer provided,&#8221; he 
added.
_AUSTRAC CEO Brendan Thomas says scammers can use inactive crypto firms to 
appear legitimate. Source:__AUSTRAC_
Businesses wanting to offer Australians conversions between cash and crypto, 
including crypto ATM providers, must first register with AUSTRAC, which 
monitors for crimes including money laundering, terror financing and tax 
evasion.
The agency can cancel a registration if it has reasonable grounds to believe 
the business is no longer active or offering crypto-related services.
Ten firms have had their AUSTRAC registration canceled since 2019, with the 
most recent being FTX Express in June 2024, the local subsidiary of the 
collapsed crypto exchange FTX.
## AUSTRAC to launch public list of registered exchanges
Following its blitz on inactive crypto exchanges, AUSTRAC said it will publish 
a list of registered exchanges to help Australians verify legitimate 
providers.
Thomas said the goal is to make it harder for criminals to scam people and 
improve the integrity and accuracy of AUSTRAC&#8217;s register.
&#8220;If a DCE does intend to offer a service, they need to contact us otherwise we 
will cancel the registration and this information will be added to the 
register,&#8221; he said.
&#8220;Members of the public should feel confident that they can identify legitimate 
cryptocurrency providers that are registered and subject to regulatory 
oversight and that we are driving criminals out of this industry,&#8221; Thomas 
added.
_**Related:**__**Australia &#8216;s top court sides with Block Earner, dismisses 
ASIC appeal**_
In February, the Anti-Money Laundering regulator took action against 13 
remittance service providers and crypto exchanges, with over 50 others still 
being investigated regarding possible compliance issues.
Six providers were refused registration renewal on the grounds that key 
personnel were either convicted, prosecuted, or charged with a serious 
offense.
Australia has yet to pass crypto regulations. In August 2022, the ruling 
center-left Labor Party initiated a series of industry consultations to draft 
a crypto regulatory framework.
In March, the government proposed a new crypto framework regulating exchanges 
under existing financial services laws ahead of a federal election slated for 
May 3.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

Australia’s finance watchdog to crack down on dormant crypto exchanges

A recent technical report indicates Dogecoin (DOGE) could be on the verge of a 
significant price increase in the next few months. The meme coin, which is now 
trading at $0.17, has recorded a 10% gain in the last week and continues to be 
up 11% over a 14-day period. Related Reading: XRP Headed For $1,000 – 
CryptoGuard Exec Drops Bold Prediction Bullish Divergence Indicates Possible 
Upswing Based on Crypto Bio&#8217;s analysis, two separate bullish divergence 
patterns have emerged on Dogecoin&#8217;s chart. The first was seen between June and 
August 2024, when prices fell to between $0.07 and $0.09 while the Relative 
Strength Index (RSI) made higher lows. It was followed by a large-scale rally 
that saw DOGE rise above $0.40 by December 2024. Another pattern with a 
similar scenario has been developed between the periods of March and April 
2025. Although Dogecoin&#8217;s value printed lower lows near $0.1300, the RSI once 
more produced higher lows. Based on such technical features, certain experts 
anticipate that DOGE might find itself at $0.5 over the coming two or three 
months. The Math Behind &#8216;Dogecoin Millionaires&#8217; There are discussions about 
new &#8216;Dogecoin millionaires&#8217; that have excited investors. The figures, though, 
paint a more serious picture. Assuming a price of $0.5, a $10,000 investment 
would become around $27,530 – a gain of $17,530. $DOGE is waking up. The same 
signs, the same setup. Millionaires will be made in the next 2-3 
months!🔥#DOGECOIN 🚀🚀 pic.twitter.com/mKQjjglJiO — Crypto Bio (@CryptoBio_) 
April 27, 2025 In order to actually become a millionaire if DOGE reaches $0.5, 
an investor would need to have around 2 million coins, currently valued at 
around $360,000. According to Crypto Bio, given all these figures and 
probabilities, &#8220;millionaires will be made in the next two to three months.&#8221; 
This reality check underscores the vast amount of money required to meet the 
&#8216;millionaire&#8217; goal that is utilized to recruit prospective investors in the 
cryptocurrency. Technical Support From Parabolic Trendline Another analyst, 
&#8220;abermix,&#8221; notes that Dogecoin is presently riding a long-term parabolic 
trendline that started around $0.05 during 2022-2023. Although there were 
numerous tries to fall below this curve at different price levels ($0.06, 
$0.08, and $0.14), DOGE has repeatedly jumped back to hold ground above the 
line. $doge is conforming to this parabolic trendline at the moment idk if 
it&#8217;s valid but it looks like it xD can we expect a bounce soon?#Dogecoin 
pic.twitter.com/moQHd7WCpt — abermix (@abermixcrypto) April 27, 2025 Related 
Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential 
The price is trading slightly below both short-term and long-term exponential 
moving averages (EMAs) currently. Experts believe that a breakout above $0.20 
will validate a larger trend reversal and open the doors for further advances. 
Falling Wedge Formation Adds To Bullish Outlook According to April 25 reports, 
Dogecoin has extricated itself from a &#8220;falling wedge&#8221; formation that had 
placed it in a downtrend for many months. Previous levels of resistance were 
tested in February at $0.28 and April at $0.16. Market observers comment that 
although these technical indicators look encouraging, cryptocurrency prices 
are extremely volatile. The present price movement comes after several months 
of horizontal trading following DOGE&#8217;s peak at $0.19, and any investment 
choice should account for the volatility of the market. Featured image from 
Gemini Imagen, chart from TradingView