World App has introduced a large retail rollout of decentralized finance tools, giving over 25 million users access to lending, borrowing, and yield- generating products directly within the app. The integration, powered by Morpho—a decentralized lending platform with over $4.5 billion…

Sam Altman-backed World App launches human-focused DeFi with Morpho

A Texas member of the US House of Representatives has proposed that government 
officials consider installing cryptocurrency ATMs in federal buildings across 
the country.
In a May 1 letter to Stephen Ehikian, the acting administrator of the General 
Services Administration (GSA) &#8212; the entity responsible for managing the US 
government&#8217;s properties &#8212; Rep. Lance Gooden claimed that introducing crypto 
ATMs to federal buildings would serve as an &#8220;educational resource&#8221; and reflect 
advances in financial technology. He requested that the GSA begin exploring 
the necessary guidelines and regulations needed to install such ATMs in 
government-controlled properties across the US, citing alignment with 
President Donald Trump&#8217;s goals.
_May 1 letter pitching crypto ATMs to GSA. Source:__Rep. Lance Gooden_
According to financial disclosure reports filed with the US House of 
Representatives, Gooden had held no investments in cryptocurrency or ATM 
companies since taking office in 2019. He had not yet filed any financial 
disclosures with the government for 2025 investments.
The GSA website stated it may provide space to ATMs from federal credit 
unions, but it was unclear whether the acting administrator had the authority 
to expand the regulations to include digital asset ATMs tied to private 
companies like Bitcoin Depot or CoinFlip. Cointelegraph reached out to 
Gooden&#8217;s office for comment but did not receive a response at the time of 
publication.
_**Related:**__**Eric Trump: USD1 will be used for $2B MGX investment in 
Binance**_
Gooden, a Republican and Trump supporter, made the proposal as lawmakers in 
the US Senate consider legislation to crack down on fraud through crypto ATMs. 
In February, Illinois Senator Dick Durbin introduced the Crypto ATM Fraud 
Prevention Act, aimed at placing &#8220;common sense guardrails&#8221; against fraud 
affecting many senior citizens.
## Who would ultimately make the decision?
It&#8217;s unclear whether Ehikian, a Trump appointee, would have the authority to 
unilaterally &#8212; or even with the president&#8217;s approval &#8212; install the crypto 
ATMs without an act of Congress to authorize funding. Cointelegraph reached 
out to the GSA for comment but did not receive a response at the time of 
publication.
Trump has significant exposure to cryptocurrencies and digital asset firms 
through his personal holdings, presidential campaign funds, family-backed 
businesses, and the TRUMP memecoin. In April, the president announced a dinner 
in DC for top holders of his memecoin.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

US lawmaker proposes crypto ATMs in federal buildings

Anthony Pompliano’s blank-check firm, Procap Acquisition Corp., has filed with 
the U.S. Securities and Exchange Commission (SEC) to raise $200 million in an 
initial public offering (IPO). Pompliano-Led ProCap to Hunt for Fintech 
Targets With $200M War Chest Procap Acquisition Corp., incorporated in the 
Cayman Islands and led by Anthony Pompliano as chief executive officer, […]

SPAC Backed by Anthony Pompliano and Brent Saunders Files for IPO

The XRP price is preparing once again for an explosive move toward the $3. 
Aiming to break out from its consolidation phase, XRP’s price action suggests 
a massive rally could be right around the corner. The analyst who forecasted 
this bullish move remains broadly optimistic about XRP’s future outlook. 
However, he has also cautioned that a fakeout and subsequent price breakdown 
are possible. XRP Price Gets Ready For Moonshot Toward $3 In a 1-hour chart 
analysis, ArShevelev, a crypto analyst on TradingView, disclosed that the XRP 
price has been forming a sequence of tight consolidation patterns. The colored 
triangular formations on the price chart highlight each consolidation pattern 
formed over the past few weeks. These triangles show that price action has 
been moving sideways, indicating indecision before a breakout. Related 
Reading: XRP Price Ready To Reach $8 As Consolidation Breaks – Here’s The 
Timeline With XRP set to breakout from its present consolidation pattern, 
ArShevelev predicts the cryptocurrency could soon surge to the $3 mark, 
representing a 37% increase from its current market value. As of writing, the 
XRP price sits around the $2.19 mark after sharply rebounding from a critical 
support zone near $2.05. The $2.05 support zone is identified as a must-hold 
level, as a break above would maintain the altcoin’s present bullish 
structure. Moving forward, the TradingView chart shows an overarching bullish 
trend, with price action respecting XRP’s rising support line. A fresh 
consolidation triangle has formed, and if history is any indication, XRP could 
break upward from this pattern, targeting an initial price level of $2.36. A 
bold “highway to moon” arrow on the price chart points to a successful 
breakout that could push the price toward a higher price level of $2.6 and 
perhaps even spark a broader rally to $3. In his analysts, ArShevelev 
highlighted a previous support zone at $2.21, where buyers initially stepped 
in, noting it as an important holding area for XRP to maintain. Bullish Setup 
For The Altcoin: Breakout Or Fakeout? While XRP’s technical setup and 
potential breakout from consolidation look promising, ArShevelev has advised 
caution as the market can be unpredictable. Cryptocurrencies are known for 
their volatility, and failed breakouts are not uncommon, especially when the 
price hovers just below resistance for too long. Related Reading: XRP Price 
Eyes Recovery To $3 As Analyst Reveals How High The Price Would Be In Altcoin 
Season If XRP fails to break above the $2.29 resistance level convincingly, 
the analyst projects a sharp breakdown to the $2.21 support zone. Further 
pullback here could open the doors for an even larger price drop to the 
important support, some at $2.05. This potential price decline is described as 
a “fakeout,” as XRP gives the illusion of embarking on a rally but instead 
sharply reverses. Thus, while technical indicators favor an upside breakout in 
the XRP price, the TradingView analyst still questions whether it could lead 
to a breakout to new highs or ultimately result in a fakeout. Featured image 
from Medium, chart from Tradingview.com

XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3

Retail investors are running out of time to accumulate Bitcoin as 
institutional adoption accelerates, according to Sergej Kunz, co-founder of 
exchange aggregator 1inch.
Bitcoin (BTC) is evolving into an alternative reserve currency, propelling 
institutional demand and potentially pricing out retail investors, Kunz said 
during Cointelegraph&#8217;s LONGITUDE event in Dubai.
&#8220;Every retail user should be thinking about getting at least one Bitcoin &#8212; 
very soon they won&#8217;t be able to afford it,&#8221; Kunz said.
If the United States starts buying Bitcoin for a strategic reserve, even 
smaller countries may soon struggle to acquire the cryptocurrency, he added. 
&#8220;I&#8217;m pretty sure we&#8217;ll soon see countries battling over who owns more Bitcoin. 
The US will start.&#8221;
Bitcoin demand has accelerated since US President Donald Trump announced 
sweeping tariffs on US imports in April, setting off a global trade war.
&#8220;The only thing that still acts as a true hedge &#8212; across borders, against 
inflation &#8212; is Bitcoin,&#8221; Animoca Brands co-founder Yat Siu said during the 
panel.
_Yat Siu and Sergej Kunz at Cointelegraph&#8217;s LONGITUDE. Source: Cointelegraph_
 _**Related: **__**US President Donald Trump issues 90-day pause on 
reciprocal tariffs**_
## Global reserve asset?
During the week of April 21-25, Bitcoin exchange-traded funds (ETFs) attracted 
more than $3 billion in inflows as institutions sought safety in &#8220;digital 
gold&#8221; amid mounting macroeconomic uncertainty.
Analysts say demand from financial institutions could push Bitcoin&#8217;s price as 
high as $200,000 per coin this year. By 2029, institutional Bitcoin adoption 
could propel the cryptocurrency&#8217;s price past $1 million, Bitwise&#8217;s head of 
European research, Andre Dragosch, said.
_Asset managers still prefer gold for hedging against macro risk. Source: 
__Binance Research_
For Bitcoin, &#8220;[t]he silver lining is that economic uncertainty has 
historically accelerated institutional interest in digital assets as a 
diversification strategy,&#8221; David Siemer, co-founder and CEO of Wave Digital 
Assets, told Cointelegraph.
As of May 1, Bitcoin ETFs and other institutional funds hold upward of $128 
billion worth of BTC, according to data from BitcoinTreasuries.NET. Corporate 
treasuries hold another roughly $73 billion, the data shows.
Sovereign states &#8212; including the US, China, and the United Kingdom &#8212; 
collectively hold more than $130 billion worth of BTC. However, much of those 
holdings are from crypto assets seized by law enforcement, not outright 
Bitcoin buys.
_**Magazine: **__**TV hit Peaky Blinders to launch crypto game, FIFA Rivals 
on Polkadot: Web3 Gamer**_

Institutional Bitcoin buying may soon price out retail — LONGITUDE panel

Bitcoin miners brought in $40 million less in revenue during April than they 
did in March, marking the fourth straight month of dwindling returns since 
December as the sector continued its downward earnings trend. April Wrecks 
Bitcoin Miners Again—Revenue Slides for Fourth Month in a Row Though the dip 
wasn’t dramatic, it was nonetheless a […]