Monero price continues to chart its own path this month as demand for the biggest privacy coin rises. Monero (XMR) has rallied for seven consecutive weeks as Bitcoin (BTC) and other altcoins stalled. It jumped to a high of $367.67…

Can Monero’s XMR price surge 40% and revisit all-time high?

Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground 
on a 20 MW mining facility powered by solar energy—and nearly hitting its $17 
million equity target with $14 million already secured. Texas Solar Farm to 
Generate Bitcoin via Sangha’s 20 MW Mining Operation Sangha Renewables began 
construction on a 19.9-megawatt bitcoin (BTC) mining […]

Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site

A Democratic representative in the US Congress will support a blockchain bill 
at a time when many left-leaning lawmakers are blocking crypto-related pieces 
of legislation due to concerns with President Donald Trump&#8217;s potential 
conflicts of interest.
In a May 21 notice, Minnesota Representative Tom Emmer said he had 
reintroduced the Blockchain Regulatory Certainty Act, a bill that &#8220;solidifies 
that digital asset developers and service providers that do not custody 
consumer funds are not money transmitters.&#8221;Emmer, a Republican, said 
Democratic Representative Ritchie Torres would co-lead the bill, making it a 
bipartisan effort in Congress.
&#8220;The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan 
effort to get digital asset policy right,&#8221; said Torres. &#8220;While similar 
language was voted down in markup last Congress, we took that feedback 
seriously and returned with a smarter, sharper framework that protects 
innovation without compromising oversight.&#8221;
_Reintroducing the Blockchain Regulatory Certainty Act on May 21. Source:__Tom 
Emmer_
Representatives of advocacy organizations, including the Crypto Council for 
Innovation, Solana Policy Institute, Digital Chamber, Coin Center, DeFi 
Education Fund and Blockchain Association, said they would support the 
proposed blockchain regulatory bill. It was unclear whether Emmer and Torres 
had a majority of votes in the House of Representatives for the legislation to 
pass.
Torres has supported many bills and policies favorable to the crypto industry 
since assuming office in 2021. Together with Emmer, he has led the 
Congressional Crypto Caucus to advance crypto-friendly policies in the House 
since March.
## A bipartisan blockchain bill amid memecoin concerns?
Other Democratic House members, including Representative Maxine Waters, have 
suggested they intend to block any legislation related to crypto and 
blockchain until Republicans address Trump&#8217;s connections to the industry, such 
as his family&#8217;s stake in World Liberty Financial and his TRUMP memecoin. The 
president is planning to host a dinner with up to 220 people holding the most 
significant amounts of his memecoin on May 22.
_**Related:**__**Interest groups, lawmakers to protest Trump &#8216;s memecoin 
dinner**_
Cointelegraph reached out to Torres&#8217; office for comment but had not received a 
response at the time of publication.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

US lawmaker reintroduces bill amid pushback on Trump's crypto ties

In a recent update on X, market analyst CRYPTOWZRD highlighted a developing 
double bottom formation on the XRPBTC chart, suggesting a possible bullish 
reversal may be underway. Although XRP ended the previous session with 
indecisive movements, this emerging pattern could drive its price action 
higher. Should the reversal confirm, XRP is likely to push toward the $2.80 
resistance zone. Bitcoin Dominance Pressures Altcoins, XRP Included Expanding 
on his initial analysis, the analyst noted that XRP and XRPBTC closed their 
daily candles indecisively, reflecting ongoing market uncertainty and a lack 
of strong directional action. While XRPBTC is currently holding above a key 
double bottom formation, the analyst emphasized that the pair still appears 
relatively weak and requires more stable and constructive price action to 
confirm a bullish breakout. A strong reaction from this level could serve as a 
catalyst, helping XRP gain momentum from its current position on the chart. 
Related Reading: XRP Price Will Still Rally From Here, Crypto Veteran Raoul 
Pal Forecasts He also pointed out that Bitcoin dominance continues to exert 
pressure on altcoins, including XRP, causing them to underperform in their BTC 
pairs. As Bitcoin dominance approaches a major resistance level, the analyst 
anticipates a reversal that could shift capital flow back into altcoins. Such 
a reversal would provide a favorable environment and support a broader bullish 
continuation for XRP. Looking ahead, the analyst stated that his focus will 
remain on the lower time frames throughout the next trading session to 
determine the next scalp opportunity, particularly if XRPBTC begins to show 
signs of recovery and buyers step in with stronger momentum. Waiting On 
Confirmation: No Entry Without A Clear Move Concluding his analysis, the 
analyst provided his outlook for the near-term price action, noting that 
intraday trading was choppy and lacked clear direction throughout the session. 
Despite the indecisiveness, he predicts a potential upside continuation if the 
price breaks above the $2.4650 intraday resistance level. Related Reading: 
Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns 
Conversely, he identified $2.3160 as a crucial intraday support level, where 
buyers may step in if the market pulls back. This zone will be important to 
watch, as a breakdown below it could delay any immediate bullish momentum and 
signal further consolidation. The price action between these two levels will 
likely define the short-term direction for XRP. He emphasized that patience is 
key at this stage, urging traders to wait for a clear and healthy move before 
considering new entries. With market conditions still uncertain, the analyst 
plans to stay focused on refined setups and mature formations to ensure 
higher-probability trades in the sessions ahead. Featured image from iStock, 
chart from Tradingview.com

The XRP Rebound Blueprint: Double Bottom Could Fuel A Run To $2.80 Resistance

Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has 
announced that she plans to depart the agency before 2026.
In a May 21 notice, Johnson said she planned to step down from the CFTC &#8220;later 
this year,&#8221; having completed her term, which ended in April. The commissioner 
filling a Democratic seat at the financial regulator had served since March 
2022 after being nominated by former President Joe Biden.
In her farewell message, Johnson cited her work as a sponsor of the Market 
Risk Advisory Committee, which dealt with &#8220;nascent issues that arise with the 
introduction of decentralized financial products such as digital assets or 
cryptocurrency and other emerging markets.&#8221;
_CFTC Commissioner Kristin Johnson. Source:__CFTCJohnson_ _on X_
Her departure could come before US President Donald Trump nominates a 
replacement and has them confirmed by a Senate majority. Commissioners Summer 
Mersinger and Christy Goldsmith Romero previously said they would step down on 
May 30 and May 31, respectively, and acting CFTC Chair Caroline Pham said she 
planned to move &#8220;to the private sector&#8221; if Brian Quintenz were to be the next 
Senate-confirmed head of the agency.
One position on the five-seat CFTC panel has been empty since the departure of 
former chair Rostin Behnam in February. Under CFTC guidelines, commissioners 
can continue to serve beyond the end of their terms until a &#8220;successor is 
appointed and has qualified,&#8221; provided it is before the next session of 
Congress.
_**Related:**__**KuCoin &#8216;s settlement with CFTC in flux after Trump policy 
shift**_
## CFTC shakeup amid proposals for crypto market structure
Johnson&#8217;s notice suggested that the entire leadership of one of the most 
significant financial regulators in the US could be replaced by Trump&#8217;s picks 
as early as 2026. The president nominated Quintenz to serve as CFTC chair in 
February, but the Senate had not moved for a vote to confirm him in more than 
three months.
Along with the Securities and Exchange Commission (SEC), the CFTC has handled 
specific regulatory and enforcement issues related to digital assets. However, 
the lack of &#8220;clear rules of the road,&#8221; according to some lawmakers and 
industry leaders, has led to calls for a law establishing a digital asset 
market regulatory structure, clarifying the roles each agency would have to 
play.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

CFTC exodus: Fourth commissioner to depart 'later this year'

Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has 
revealed the next steps for its soon-to-be-shipped Seeker device and the 
overall ecosystem. The steps include a new, trustless architecture, a native 
token, and the Seeker ship date.
According to the announcement, Solana Mobile will ship the device starting 
Aug. 4. Seeker is the company&#8217;s second-generation device, after the Saga Web3 
phone that launched in April 2023.
The company unveiled the Seeker phone in September 2024, saying it wouldn&#8217;t 
just be a &#8220;memecoin phone.&#8221; So far, it has pre-sold 150,000 units.
The Solana Seeker has gone through two sale phases: The Founder window, where 
the price for each device was $450, and the Early Adopter window, where the 
price per device was $500.
Assuming the lower price window, Solana Mobile could generate at least $67.5 
million in gross revenue from device sales. For comparison, the iPhone 
generated $199.3 billion in revenue for Apple in 2024.
The new architecture that will govern future Solana Mobile devices is called 
TEEPIN, which stands for &#8220;Trusted Execution Environment Platform 
Infrastructure Network.&#8221; It is a three-layer architecture &#8212; hardware, 
platform, and network layers &#8212; that will allow users, developers, and device 
makers to participate in a trustless environment.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, called TEEPIN &#8220;the next 
evolution in mobile&#8221; and a framework where trust is &#8220;verified by 
cryptography.&#8221;
In addition, Solana Mobile is planning to launch &#8220;SKR,&#8221; the native asset of 
the Solana Mobile ecosystem. &#8220;It transforms the traditional mobile business 
model by giving stakeholders actual ownership in the platform,&#8221; said Emmett 
Hollyer, general manager at Solana Mobile.
_**Related:**__**Solana lacks &#8216;convincing signs&#8217; of besting Ethereum: 
Sygnum**_
## Solana Saga
Solana Mobile&#8217;s first released device, Saga, initially elicited mixed 
reactions from the Web3 community &#8212; some hailed it as Web3&#8217;s &#8220;iPhone moment,&#8221; 
while others pointed to the network&#8217;s outages as a drawback.
The Saga phone didn&#8217;t take off until late 2023, when a surge in the value of 
memecoins stored on the devices turned them into unexpected profit machines. 
Some units were listed on eBay for thousands of dollars, driven by growing 
demand. By December 2023, the Saga had completely sold out.
_**Magazine: Memecoins are ded &#8212; But Solana &#8216;100x better&#8217; despite revenue 
plunge**_