Information about an alleged new regulation requiring Spanish citizens to report cash withdrawals over €3,000 recently went viral on social media. Spanish crypto and tax experts debunked this claim, stating that it is completely incorrect and a result of a misunderstanding of anti-money laundering regulations. Experts Debunk Viral Post: Spanish Citizens Don&#8217;t Have to Report […]

No, Spanish Citizens Don’t Have to Report Cash Withdrawals Over €3,000 in Advance to the Tax Agency

Japanese investment firm Metaplanet has added another $129 million to its 
Bitcoin treasury, pushing its total holdings past the Bitcoin-stacking country 
of El Salvador.
&#8220;Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to 
rivaling nation-states, we&#8217;re just getting started,&#8221; said CEO Simon Gerovich 
on X after the latest purchase announcement.
On May 12, the Tokyo-listed firm announced that it had acquired 1,241 Bitcoin 
(BTC) for 14.8 million yen ($101,843) per coin.
The total buy, at its highest ever purchase price, is worth around $129 
million at current market prices.
This brings the firm&#8217;s total holdings to 6,796 Bitcoin, currently worth around 
$707 million, and the average purchase price is $91,000 per Bitcoin. 
Metaplanet started its BTC accumulation strategy in April 2024.
El Salvador is the sixth-largest nation-state holder of the asset with 6,714 
Bitcoin worth around $642 million, according to the National Bitcoin Office. 
_Source:__Simon Gerovich_
The Japanese investment firm also reported a Bitcoin Yield, which measures the 
ratio of percentage change in Bitcoin holdings per fully diluted share, of 38% 
for the current quarter to date. The firm achieved a BTC Yield of 95.6% during 
the first quarter of 2025.
_**Related:**__**Trump &#8216;s US-China trade deal could shed light on Bitcoin&#8217;s 
use case**_
Metaplanet has been more aggressive in its accumulation of the asset in recent 
months, with a purchase of 5,555 Bitcoin on May 7, four purchases in April 
totaling 18,586 BTC, and six purchases in March totaling 18,925 BTC, each buy 
larger than the previous.
_Metaplanet BTC purchase disclosure. Source:__Metaplanet_
The firm is the largest holder of Bitcoin in Asia and the tenth largest 
globally, according to BiTBO.
## Saylor hints at another buy
Meanwhile, Michael Saylor hinted at another purchase by his firm, Strategy, on 
May 12, by posting a screenshot of the &#8220;Saylor Tracker&#8221; chart, which tracks 
the firm&#8217;s Bitcoin treasury portfolio. &#8220;Connect the dots,&#8221; was the 
accompanying comment.
_Source:__Michael Saylor_
Saylor has made similar Monday posts with a cryptic comment many times in the 
past, which have been followed by a BTC acquisition announcement.
Strategy currently holds 555,450 BTC worth around $57.8 billion at current 
prices, according to the tracker.
_**Magazine:**__**Bitcoin eyes &#8216;crazy numbers,&#8217; JD Vance set for Bitcoin talk: 
Hodler&#8217;s Digest**_

Metaplanet now holds more Bitcoin than El Salvador

Solana started a fresh increase above the $162 zone. SOL price is now 
consolidating near $175 and might extend gains above the $180 zone. SOL price 
started a fresh upward move above the $155 and $162 levels against the US 
Dollar. The price is now trading below $165 and the 100-hourly simple moving 
average. There is a short-term rising channel forming with support at $172 on 
the hourly chart of the SOL/USD pair (data source from Kraken). The pair could 
start a fresh increase if it clears the $176 resistance zone. Solana Price 
Consolidates Gains Solana price formed a base above the $150 support and 
started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a 
move above the $155 and $162 resistance levels. However, the bears were active 
below the $180 resistance zone. A high was formed at $180.10 and the price 
corrected some gains. The price dipped below $175 and $172. A low was formed 
at $169.53 and the price is now attempting another increase. There was a move 
above the 50% Fib retracement level of the downward move from the $180 swing 
high to the $170 low. Solana is now trading above $172 and the 100-hourly 
simple moving average. There is also a short-term rising channel forming with 
support at $172 on the hourly chart of the SOL/USD pair. On the upside, the 
price is facing resistance near the $176 level and the 61.8% Fib retracement 
level of the downward move from the $180 swing high to the $170 low. The next 
major resistance is near the $180 level. The main resistance could be $185. A 
successful close above the $185 resistance zone could set the pace for another 
steady increase. The next key resistance is $192. Any more gains might send 
the price toward the $200 level. Downside Correction in SOL? If SOL fails to 
rise above the $176 resistance, it could start another decline. Initial 
support on the downside is near the $172 zone. The first major support is near 
the $170 level. A break below the $170 level might send the price toward the 
$162 zone. If there is a close below the $162 support, the price could decline 
toward the $150 support in the near term. Technical Indicators Hourly MACD – 
The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI 
(Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major 
Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.

Solana (SOL) Poised for Takeoff — Bulls Prepare for Rally Reboot

XRP price found support at $2.20 and started a fresh increase. The price is 
now gaining pace and might clear the $2.40 resistance zone. XRP price started 
a fresh increase above the $2.250 zone. The price is now trading above $2.30 
and the 100-hourly Simple Moving Average. There is a short-term rising channel 
forming with support at $2.3650 on the hourly chart of the XRP/USD pair (data 
source from Kraken). The pair might start another increase if there is a close 
above the $2.420 resistance. XRP Price Eyes More Gains XRP price remained 
supported above the $2.220 level and started a fresh upward wave, like Bitcoin 
and Ethereum. The price was able to surpass the $2.250 and $2.320 levels. The 
bulls pushed the price above the $2.350 resistance zone to set the pace for 
more gains. Finally, it tested the $2.475 zone. A high was formed at $2.4752 
before there was a pullback. The price dipped below $2.40 and tested $2.330. 
It is again rising with a move above the 23.6% Fib retracement level of the 
downward move from the $2.4752 swing high to the $2.3310 low. The price is now 
trading above $2.350 and the 100-hourly Simple Moving Average. There is also a 
short-term rising channel forming with support at $2.3650 on the hourly chart 
of the XRP/USD pair. On the upside, the price might face resistance near the 
$2.40 level and the 50% Fib retracement level of the downward move from the 
$2.4752 swing high to the $2.3310 low. The first major resistance is near the 
$2.420 level. The next resistance is $2.480. A clear move above the $2.450 
resistance might send the price toward the $2.50 resistance. Any more gains 
might send the price toward the $2.550 resistance or even $2.6350 in the near 
term. The next major hurdle for the bulls might be $2.750. Another Decline? If 
XRP fails to clear the $2.420 resistance zone, it could start another decline. 
Initial support on the downside is near the $2.3650 level. The next major 
support is near the $2.320 level. If there is a downside break and a close 
below the $2.320 level, the price might continue to decline toward the $2.250 
support. The next major support sits near the $2.220 zone. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now above the 50 level. Major Support Levels – $2.3650 and $2.320. Major 
Resistance Levels – $2.420 and $2.480.

XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally?

Bitcoin&#8217;s potential price reaction to a trade deal between the United States 
and China could give insights into whether Bitcoin is being used as a safe- 
haven asset in the current market.
Bitcoin (BTC) outperformed stocks and held up &#8220;incredibly strong&#8221; during a 
sharp sell-off on stock markets in April, following Donald Trump&#8217;s 
announcement of tariffs on &#8220;Liberation Day,&#8221; observed crypto trader &#8220;Daan 
Crypto&#8221; on May 11.
Following its plunge to $75,000 on April 7, Bitcoin recovered strongly to 
trade 27% higher at around $95,000 by the end of the month. Meanwhile, indexes 
like the S&amp;P 500 and Nasdaq declined in April.
At the time, people wondered if Bitcoin&#8217;s relative strength came from the 
narrative that countries were using Bitcoin to bypass tariffs. The analyst 
said the opposite should theoretically occur if the trade deal is confirmed.
&gt; &#8220;Theoretically speaking, if the trade uncertainty was what was making BTC 
&gt; outperform, it should stop outperforming after we hit the most important 
&gt; deal, which includes China.&#8221;
_Bitcoin performance since Trump &#8216;s &#8220;Liberation Day&#8221; tariff announcement. 
Source: __Daan Crypto_
On May 11, the White House announced that talks between the US and China 
regarding a trade deal have made &#8220;substantial progress.&#8221; However, no official 
agreement had been announced.
_**Related:**__**Bitcoin must close the week above this level to start &#8216;price 
discovery 2&#8217;**_
&#8220;We will be giving details tomorrow, but I can tell you that the talks were 
productive,&#8221; said US Treasury Secretary Scott Bessent.
However, if Bitcoin keeps doing its thing and outperforming, &#8220;it&#8217;s safe to 
assume that tariffs likely have little direct impact on how BTC is treated or 
used,&#8221; Daan concluded.
## Markets await trade deal announcement
Some analysts, however, believe that Bitcoin will likely jump if a trade deal 
comes through, along with potential rate cuts.
&#8220;We believe that institutional investors are less apprehensive about investing 
in Bitcoin and crypto as US-China trade talks come to a conclusion and the 
likelihood of rate cuts increases,&#8221; Jeff Mei, chief operations officer at 
BTSE, told Cointelegraph.
Meanwhile, Jupiter Zheng, researcher at HashKey Capital, said, &#8220;A US-China 
trade deal could signal stability in global markets, potentially driving 
investors to seek growth opportunities and send capital into alternative 
assets.&#8221;
&gt; &#8220;Bitcoin could also see new highs as a result, particularly if the deal 
&gt; weakens the dollar or leads to renewed liquidity flows into emerging 
&gt; markets.&#8221;
Analyst Will Clemente said on X that only a solid announcement of a trade deal 
is likely to keep momentum rolling.
&#8220;Feels like you&#8217;re gonna need a real, tangible announcement on the China front 
to keep things moving here locally, momentum starting to stall out on BTC for 
the first time in a bit,&#8221; he said. 
_**Magazine:**__**Bitcoin eyes &#8216;crazy numbers,&#8217; JD Vance set for Bitcoin talk: 
Hodler&#8217;s Digest**_

Trump’s US-China trade deal could shed light on Bitcoin’s use case

The FBI is ramping up efforts to track victims of a massive crypto fraud tied 
to fake AML coins, urging submissions before June 5 for possible restitution. 
FBI Sets June 5 Deadline for Victims of AML Bitcoin and Crypto Fraud Empire 
The U.S. Department of Justice and the Federal Bureau of Investigation (FBI) 
are reaffirming […]