Moo Deng price gained momentum on Friday as it soared by over 136%, making it one of the best-performing tokens in crypto. Moo Deng (MOODENG), the pygmy hippo-themed meme coin, surged to an intraday high of $0.104 on May 9…

MOODENG rallies over 130% as open interest soars and exchange balances drop

Galaxy Digital has been approved by the US Securities and Exchange Commission 
(SEC) to redomicile in the United States, setting the stage for the crypto 
investment company&#8217;s listing on the Nasdaq stock exchange.
Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by 
the middle of May, pending approval from the Toronto Stock Exchange, on which 
the company is already listed, and shareholder approval at a special 
shareholders meeting on May 9.
Shareholders at the meeting must approve redomiciling Galaxy Digital in the US 
state of Delaware, known for its business-friendly regulations, before the 
process can move forward, according to an announcement from the company.
_Galaxy Digital SEC form S-4. Source:__SEC_
Galaxy obtained SEC approval for a Nasdaq listing in April this year, and once 
the company obtains the other necessary approvals, it will trade on the Nasdaq 
under the GLXY ticker symbol.
The company is the latest crypto firm to announce an imminent stock market 
listing, as institutional interest in digital assets grows and crypto matures 
as an asset class that increasingly interacts with traditional financial 
markets.
_**Related:**__**Nasdaq urges SEC to treat certain digital assets as &#8216;stocks 
by any other name&#8217;**_
## Crypto firms increasingly playing in the big leagues
Nasdaq-listed Strategy, formerly MicroStrategy, was added to the exchange&#8217;s 
index of its 100 largest companies by market capitalization in December 2024.
In April, stablecoin issuer Circle filed for an initial public offering (IPO), 
a process of taking a private company public by listing it on major stock 
exchanges.
According to an April 21 report from The Wall Street Journal, crypto custodian 
BitGo, Circle, exchange company Coinbase, stablecoin firm Paxos, and other 
crypto firms are considering applying for bank charters in the US.
The move would further blur the diminishing line between crypto firms and 
traditional financial institutions that offer lending services to clients and 
adhere to strict financial oversight from government regulators.
However, Dante Disparte, Circle&#8217;s chief strategy officer and head of global 
policy, later clarified that the company may acquire a banking license to 
comply with existing regulations and not necessarily operate as a banking 
institution.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

Galaxy Digital approved for US domicile, clearing way for Nasdaq listing

Stocks erased their gains from earlier today, as traders remain skeptical of 
the upcoming trade talks between U.S. and China.

Dow drops 180 points as caution prevails ahead of U.S.-China talks

The XRP price is at a make-or-break moment as it struggles to hold a critical 
technical level as it navigates broader market uncertainty. In a recent 
report, a crypto analyst issued a stark warning for XRP holders, highlighting 
that the cryptocurrency risks crashing to $1.9 if it fails to clear a key 
price level. XRP Price Risks Falling To $1.9 According to an analysis 
presented by crypto analyst ’Dom’ on X (formerly Twitter), the XRP price could 
be gearing up for a major crash soon. The analyst revealed that the 
cryptocurrency has recently tested the apex of a 100-day descending 
trendline—a zone that also coincided with the election Volume Weighted Average 
Price (VWAP) and the monthly rolling VWAP. Related Reading: XRP Price To $1.5 
Or $4? The Bull And Bear Case Revealed This convergence of technical 
indicators has become a critical battle station between bulls and bears. While 
buyers attempt to halt any further declines and push the XRP price higher, the 
rejection at this apex signals weakness and raises the risk of a downside 
move. The analyst’s chart shows that XRP’s price is struggling to stay above a 
mid-range support level, visually marked by a horizontal grey box between 
$2.05 and $2.1. Failure to clear this area could trigger a significant decline 
toward $1.9, which Dom has identified as the next key support area. On the 
flip side, a break above $2.12, where multiple VWAPs are stacked, would signal 
an immediate bullish reversal and potentially mark the beginning of a new 
upward trend. Dom has also stressed the urgency of XRP regaining the $2.12 
level. If bulls fail to do so, the cryptocurrency’s structure remains 
vulnerable and could correct downwards at any moment. As the XRP price 
currently sits at $2.3, the analyst has pinpointed a key upside target on his 
chart. If XRP were to break above its current price, the analyst expects it to 
move back up to $2.47 — a level that would act as a longer-term dynamic 
resistance. XRP Must Break $2.3 To Reach $3 In a recent X post, a crypto 
analyst known as ‘Lord Crypto’ highlighted that XRP is showing signs of a 
potential breakout as it emerges from oversold territory with multiple bullish 
catalysts approaching. After weeks of consolidation near the $2.00 support 
zone, XRP is now testing the resistance level at $2.30. Related Reading: XRP 
Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 
Technical indicators and market trends appear to be favoring bulls. The 
Stochastic Relative Strength Index (RSI) shown on the price chart has reversed 
upward from oversold zones, indicating possible renewed buying pressure. The 
analyst has also pointed to the possibility of an XRP ETF approval as a 
bullish catalyst. Additionally, he highlighted Ripple’s victory over the US 
SEC, which brings an end to the lawsuit that has lasted over four years. 
Notably, a close and sustained trading above the $2.30 level could allow XRP 
to target higher resistance levels around $2.52 and $2.91. Once this happens, 
the XRP price could even reclaim past highs above $3. Featured image from 
Getty Images, chart from Tradingview.com

Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9

Sentiment on Wall Street was mixed ahead of the Trump administration’s meeting 
with China, but bitcoin has continued to surge, for now. BTC Rises as Stock 
Markets Wobble Traditional markets rallied on Thursday after U.S. President 
Donald Trump announced a trade deal with the United Kingdom. The agreement 
will reduce tariffs and spur trade between […]

Bitcoin Continues Six-Figure Rally While Stocks Stumble

Moondeng has surged over 200% in recent days, bouncing cleanly off a critical 
support zone. Now, with momentum building and a massive resistance level in 
sight, traders are watching closely for what comes next. Moondeng’s (MOODENG) 
explosive rise began after…