A publicly traded logistics firm has secured millions to hinge its digital asset strategy on the controversial Trump memecoin.

Freight train to Mar-a-Lago? Logistics firm earmarks $20m for Trump memecoin

Bitcoin maintains its bullish form from April as it gains by over 4% in the 
first two days of May to surge above $97,000. Following this recent gain, the 
premier cryptocurrency is experiencing a minor retracement as investors 
attempt to decipher the current market phase. Meanwhile, a prominent crypto 
analyst with the X handle IT Tech has shared some valuable insights on 
Bitcoin&#8217;s market structure, highlighting the key price levels that could 
decide the asset&#8217;s movement in the short term. Related Reading: Bitcoin Price 
Confirmed Local Bottom As All Indicators Flash Bullish, Where’s Price Headed? 
Bitcoin Cools Off After Price Rally: Breather Or Bull Trap? According to IT 
Tech in an X post on May 2, Bitcoin appears to be catching its breath 
following a price rally from $93,600 to above $97,000. As market traders await 
to see if this will be a mere cooling period before another upswing or the 
start of a deeper price correction, IT Tech has shared some helpful technical 
and on-chain insights on potential price targets. The analyst states that the 
Bitcoin SuperTrend Indicator had printed a buy signal when prices hit $94,000, 
followed by a sell signal at $97,300. However, with market prices still above 
$94,000, the Bitcoin market structure and SuperTrend Indicator remain bullish. 
Meanwhile, liquidation data has also hinted at potential points for price 
volatility. Most notably, IT Tech states there are long liquidation zones 
between the $95,200 &#8211; $96,000 price region and another dense cluster of orders 
at the $93,600 &#8211; $94,000 price region. Both regions are expected to act as 
strong price supports in the case of an unexpected decline. In determining 
Bitcoin&#8217;s next move, IT Tech says that market sentiment remains cautiously 
bullish as long as the $96,000 support level remains valid. This is because a 
decisive price fall below this level would trigger a liquidation cascade 
pushing prices back to $94,000. Meanwhile, another price breakout above 
$97,400 to allow Bitcoin to trade as high as $98,500. Related Reading: Cardano 
(ADA) Much-Awaited Reversal To Begin With A Breakout From This Key Chart 
Pattern What&#8217;s Next For Bitcoin? At press time, Bitcoin trades at $96,463, 
reflecting a 1.64% gain in the past seven days. Meanwhile, the asset’s trading 
volume is down by 21.82% and valued at $26 billion. As earlier stated, bullish 
sentiment continues to ravage the market as indicated by recent developments, 
including the surge in Bitcoin Spot ETF inflows. Meanwhile, the US&#8217;s 
willingness to negotiate a new trade deal with China may signify no further 
negative developments on international trade tariffs. Amidst Bitcoin&#8217;s recent 
bullish stint, analysts continue to roll out bullish predictions with lofty 
price targets as high as $150,000. Featured image from Pexels, chart from 
Tradingview

Bitcoin At Critical Juncture – Price Levels To Watch: Analyst

BRICS nations are turbocharging their break from Western-dominated finance, 
advancing local currency trade, cross-border payment systems, and 
groundbreaking investment platforms to empower the Global South. BRICS 
Ministers Push Local Currencies, Cross-Border Payment Plan, and New Investment 
Platforms Foreign ministers from the BRICS countries highlighted their 
commitment to shifting away from reliance on dominant global currencies […]

BRICS Accelerates Currency Shift With New Trade Tools and Payment Systems

OKX founder and CEO Star Xu has publicly defended the crypto exchange after 
Tron founder Justin Sun accused it of failing to act on a law enforcement 
request to freeze stolen funds following a recent hack of Tron&#8217;s official X 
account.
&#8220;OKX also has consumers protection policy according to law, we can&#8217;t freeze a 
customer&#8217;s funds according to your personal X post or an oral communication. I 
think you should understand it as the CEO of HTX,&#8221; Xu said in an X post.
## OKX says there is no communication in the spam box, either
Xu said that the crypto exchange had not received any related correspondence 
through OKX&#8217;s official channels. &#8220;Our LE cooperation team just checked the 
email, including the spam box; we haven&#8217;t received any request related with 
this case,&#8221; Xu said.
_Source:__Star Xu_
Sun had earlier claimed that OKX has not responded to a &#8220;freeze notice&#8221; sent 
to its official email address from a &#8220;relevant law enforcement agency&#8221; to 
freeze the stolen funds. Sun said that he had no other way to contact OKX&#8217;s 
compliance department.
&#8220;These stolen funds do not belong to me; I&#8217;m acting to protect the community,&#8221; 
Sun said. Several of Sun&#8217;s X posts related to the matter are now no longer 
visible, but Xu had already shared screenshots and called him out, saying, 
&#8220;Thanks for deleting all confusing public communications,&#8221; while reiterating 
that OKX has yet to receive any official enforcement request.
On May 3, Tron DAO told its 1.7 million X followers that its account had been 
compromised. Tron explained that during the breach, an unauthorized party 
posted a malicious contract address, sent direct messages, and followed 
unfamiliar accounts.
&gt; &#8220;If you received a DM from our account on May 2, please delete it and 
&gt; consider it the work of the attacker.&#8221;
In response to Sun&#8217;s claims of inaction, Xu publicly called on him to provide 
a screenshot showing when and where the law enforcement request was made.
The Tron incident is one of several recent security breaches involving high- 
profile crypto accounts on X.
_**Related:**__**Over 14,500 Tron addresses at risk of silent hijacking**_
Kaito AI, an artificial intelligence-powered platform that aggregates crypto 
data to provide market analysis for users, and its founder, Yu Hu, were the 
victims of an X social media hack on March 15. The hackers opened up a short 
position on KAITO tokens before posting that the Kaito wallets were 
compromised and advised users that their funds were not safe.
The Pump.fun X account was compromised on Feb. 26 to promote a fake governance 
token called &#8220;PUMP&#8221; and other fraudulent coins.
Meanwhile, the X account of UK member of Parliament and Leader of the House of 
Commons, Lucy Powell, was hacked to promote a scam crypto token.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

OKX fires back at Tron's Justin Sun over mysterious 'freeze notice'

Bitcoin is gearing up to outshine gold as Fidelity’s latest analysis 
highlights a pivotal shift in performance momentum, signaling a new era for 
digital store-of-value dominance. Fidelity Signals Bitcoin May Soon Take the 
Baton From Gold Fidelity Investments’ director of global macro, Jurrien 
Timmer, offered a comprehensive take on the dynamic between bitcoin and gold 
[…]

Fidelity Calls It: Bitcoin Could Flip Gold’s Dominance Any Day Now

XRP has started May with a choppy price action between the lower and upper 
ends of $2.195 and $2.25, respectively, in the past three days. Although XRP 
has spent the majority of the past two months correcting from the peak price 
of $3.3 in January, its 2-month candlestick is showing a strong green body, a 
sign that bulls are still in control in the higher timeframes despite the 
fluctuations on the lower timeframes. Related Reading: Code Wars: Cardano 
Claims The Crown From Ethereum In Core Development Interestingly, a precise 
signal that hasn’t appeared since XRP&#8217;s historic 2017 rally is back, and the 
same trigger that led to its 20x price explosion that year has just returned. 
Technical Pattern Shows Clear Breakout Structure On 2-Month Timeframe 
Technical analysis of XRP&#8217;s price action on the 2-month candlestick timeframe 
chart shows that the cryptocurrency is still trading in a bullish setup on a 
larger timeframe. This analysis, shared by crypto analyst JD on social media 
platform X, shows XRP breaking out from a long-term triangle pattern, which 
has held its price in consolidation since the 2018 peak. The structure formed 
by this triangle includes a flat resistance trendline at the top and a 
gradually rising trendline at the bottom. XRP&#8217;s price performance in late 2024 
saw it break above the upper resistance trendline, much like it did in a 
similar setup in the first few months of 2017. Notably, the XRP price broke 
above this trendline with conviction, which allowed it to reach a multi-year 
high of $3.3. However, the ensuing price action has been corrections upon 
corrections, with XRP now trading close to the $2 price level. 
Notwithstanding, the appearance of a bullish cross on the RSI means a bullish 
setup is still in action, with crypto analyst JD highlighting a potential 20x 
surge. Stochastic RSI Cross Above 80: The Same Spark From 2017 The appearance 
of a cross on the Stochastic RSI above the 80 level makes the current bullish 
setup more convincing. JD pointed out that the last time this crossover 
happened was in 2017, right before XRP recorded a 20x gain within three 
months. His chart illustrates this visually, showing a yellow highlight at the 
intersection point of the SRSI lines during that historic breakout. The same 
cross has now been confirmed on the 2-month chart. The SRSI cross occurs when 
the %K line crosses above or below the %D line within the Stochastic RSI 
indicator. In the case of XRP, the bullish signal of the cross is examined 
above the 80 threshold on the 2-month chart. The last time this happened in 
2017, XRP went on a rally over four months from around $0.15 until it reached 
its current all-time high of $3.40. Related Reading: Strategy’s $84 Billion 
Bitcoin Appetite: Michael Saylor Goes All In (Again) If a similar scenario 
were to unfold, this would put the target around $45. This may seem 
unrealistic, considering the inflows needed to reach this level. Nonetheless, 
a rally from the recent SRSI cross could send the XRP price to new all-time 
highs. At the time of writing, XRP is trading at $2.2. Featured image from 
Unsplash, chart from TradingView