President Donald Trump and his family are generating billions from cryptocurrency, according to a new report from State Democracy Defenders Action. The nonprofit organization, which claims to be &#8220;fighting autocracy,&#8221; estimates that nearly 40% of Trump’s net worth now comes…

Trump family’s crypto fortune swells as foreign billions roll In

XRP is navigating a challenging technical landscape as it continues to trade 
within a well-defined descending channel on the daily chart. This bearish 
structure has kept price action under pressure, with each attempt at recovery 
meeting resistance along the upper trendline. The pattern reflects a broader 
struggle between bulls attempting to defend key support zones and bears 
maintaining a firm grip on short-term momentum. As XRP’s price coils tighter 
within the confines of the channel, this suggests that a decisive move could 
be on the horizon. Whether the bulls can muster enough strength to flip the 
trend or the bears extend their dominance remains a crucial question that may 
define XRP’s next major move. Bears Keep Price Below Key Resistance Line 
Currently, XRP is showing signs of a potential bearish move after encountering 
strong resistance near the upper boundary of its descending channel on the 
daily chart. This upper trendline has acted as a formidable barrier, halting 
recent bullish attempts and reinforcing the overall downtrend structure. 
Related Reading: XRP Poised For Final Flush Before Breakout, Predicts Crypto 
Analyst The rejection at this level suggests that sellers are still dominating 
the market. If bearish momentum builds, the altcoin could revisit lower 
support levels within the channel, potentially retesting the lower boundary of 
the descending channel. Also, the Moving Average Convergence Divergence (MACD) 
indicator is approaching a potential bullish crossover. This pending cross 
between the MACD line and the signal line has caught the attention of traders, 
especially as it forms near a key technical zone. A confirmed crossover might 
indicate a possible trend reversal, hinting at growing bullish strength after 
a period of downside pressure. However, given recent market volatility and 
past failed breakouts, skepticism remains. Previous attempts in similar setups 
have led to fakeouts, temporary moves that fizzled out quickly. As a result, 
confirmed price action and volume are advised before positioning too 
aggressively. If accompanied by a breakout from nearby resistance, this cross 
could mark the beginning of a stronger upward move. Otherwise, it risks 
becoming just another false alarm in a choppy market. Support Zone In Focus As 
XRP Tests Lower Boundary XRP finds itself at a critical juncture as it moves 
toward the lower boundary of its descending channel. This area has served as a 
reliable support level in recent weeks, preventing deeper losses and providing 
a foundation for minor rebounds. As price action moves toward this zone, 
traders are watching closely to see whether buyers can defend it once again or 
if the bears will force a decisive breakdown. Related Reading: XRP Price Is 
Eyeing Another Breakout To $4: Analyst Says Watch This Level A sustained hold 
above this support zone may pave the way for a short-term bounce, targeting 
mid-channel resistance levels. However, a clean break below this lower 
boundary may ignite downside pressure, exposing XRP to fresh multi-week lows 
such as $0.9353. With sentiment currently fragile, this support test might be 
pivotal in shaping XRP’s next trend. Featured image from YouTube, chart from 
Tradingview.com

XRP Descending Channel Caps Rally – Will Bulls Mount A Comeback?

Concordium CEO Boris Bohrer-Bilowitzki warns that excessive dollar dependence 
could lead to systemic instability, stressing the need for multi-currency 
diversification. He envisions stablecoins playing a key role in payment 
finance (PayFi), offering instant settlements, lower fees, and 
programmability. Stablecoin Concentration Around a Single Currency Presents 
Risks The stablecoin market has been overwhelmingly dominated by USD-pegged 
[…]

Trust, Not Size, Key to Stablecoin Success, Says Concordium CEO

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**_