As it usually does, #Bitcoin has rallied on the other side of its death cross. This is what normally happens for #Bitcoin. At some point there will be a pullback, and the key to whether this is a left-translated or right-translated cycle will be based on whether the pullback leads to a higher low or a lower low. Into The Cryptoverse Premium SALE: https://intothecryptoverse.com Into The Cryptoverse Newsletter: https://newsletter.intothecryptoverse.com/ LIFETIME OPTION: https://intothecryptoverse.com/product/subscription-to-the- premium-list-lifetime/ Alternative Option: https://www.patreon.com/intothecryptoverse Merch: https://store.intothecryptoverse.com/ Disclaimer: The information presented within this video is NOT financial advice. Telegram: https://t.me/intocryptoverse Twitter: https://twitter.com/intocryptoverse TikTok: tiktok.com/@benjamincowencrypto Instagram: https://www.instagram.com/bjcowen/ Discord: https://discord.gg/UGwc6eR Facebook: https://www.facebook.com/groups/intothecryptoverse Reddit: https://www.reddit.com/r/intothecryptoverse/ Website: https://intothecryptoverse.com/

Bitcoin: The Death Cross Rally

Thailand&#8217;s Ministry of Finance reportedly plans to issue $150 million worth of 
digital investment tokens, allowing retail investors to buy government bonds.
The Bangkok Post reported on May 13 that Finance Minister Pichai Chunhavajira 
announced the initiative at a briefing after the cabinet endorsed the plan. He 
added that the tokens will be launched within the next two months.
The so-called &#8220;G-tokens&#8221; will be used to raise funds from the public under the 
current budget borrowing plan, said Patchara Anuntasilpa, director-general of 
the Public Debt Management Office. He added that these were not debt 
instruments.
&#8220;One big selling point of the token is that it allows more retail investors to 
become part of the digital economy,&#8221; he said, adding that for as little as $3, 
&#8220;they can invest in government bonds.&#8221;
Until recently, retail investors have been limited or excluded from large 
investment product offerings in Thailand, which are predominantly aimed at 
institutional and wealthy investors.
Finance Minister Pichai said the initial token mint is designed to &#8220;test the 
market&#8221; and investors will earn higher returns than bank deposits, but did not 
specify yields.
Commercial banks in Thailand offer very low interest rates to savers, 
currently just 1.25% for a 12-month fixed deposit, which is much lower than 
rates set by its central bank, which has kept rates elevated until recently 
despite increasing economic woes.
_**Related:**__**Tether Gold enters Thailand with listing on Maxbit 
exchange**_
The report noted that the asset was not a cryptocurrency. It would be tradable 
on licensed digital asset exchanges, which are not accessible to non-Thai 
citizens residing in the country.
Government bonds are debt securities issued by the state to fund public 
spending. When investors buy them, they are essentially lending money to the 
government for a specified period in exchange for regular interest payments 
and the return of their principal at maturity.
In February, Thailand&#8217;s securities regulator revealed plans to launch a 
tokenized securities trading system for institutional investors.
## Global bond value onchain doubles in 2025
The value of tokenized bonds globally has surged recently and is currently 
$225 million, according to real-world asset tokenization analytics platform 
RWA.xyz.
_Global bond value onchain. Source: RWA.xyz_
The onchain value has doubled since the beginning of this year, and could be 
much higher since the platform only tracks a limited number of issuers, 
primarily in Europe.
However, the value of tokenized US treasures has grown to $6.9 billion, up 73% 
this year, according to the analytics platform.
_**Magazine:**__**Metric signals $250K Bitcoin is &#8216;best case,&#8217; SOL, HYPE 
tipped for gains: Trade Secrets**_

Thailand to tokenize $150M government bonds for retail investors: Report

Dogecoin started a fresh increase from the $0.220 zone against the US Dollar. 
DOGE is now gaining pace and might rise toward the $0.2650 zone. DOGE price 
started a fresh increase above the $0.220 and $0.2320 levels. The price is 
trading above the $0.2350 level and the 100-hourly simple moving average. 
There is a connecting bullish trend line forming with support at $0.2350 on 
the hourly chart of the DOGE/USD pair (data source from Kraken). The price 
could start a fresh increase if it clears the $0.2450 resistance zone. 
Dogecoin Price Aims Higher Dogecoin price started a fresh increase after it 
found support near $0.2170, like Bitcoin and Ethereum. DOGE climbed and 
recovered above the $0.2250 resistance zone. The bulls even pushed the price 
above the 50% Fib retracement level of the downward move from the $0.2531 
swing high to the $0.2173 low. Besides, there is a connecting bullish trend 
line forming with support at $0.2350 on the hourly chart of the DOGE/USD pair. 
Dogecoin price is now trading above the $0.2350 level and the 100-hourly 
simple moving average. Immediate resistance on the upside is near the $0.240 
level. The first major resistance for the bulls could be near the $0.2440 
level and the 76.4% Fib retracement level of the downward move from the 
$0.2531 swing high to the $0.2173 low. The next major resistance is near the 
$0.2530 level. A close above the $0.2530 resistance might send the price 
toward the $0.2650 resistance. Any more gains might send the price toward the 
$0.2720 level. The next major stop for the bulls might be $0.2850. Another 
Decline In DOGE? If DOGE’s price fails to climb above the $0.2440 level, it 
could start another decline. Initial support on the downside is near the 
$0.2350 level. The next major support is near the $0.2250 level. The main 
support sits at $0.2150. If there is a downside break below the $0.2150 
support, the price could decline further. In the stated case, the price might 
decline toward the $0.20 level or even $0.1880 in the near term. Technical 
Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is 
now above the 50 level. Major Support Levels – $0.2350 and $0.2250. Major 
Resistance Levels – $0.2440 and $0.2530.

Dogecoin (DOGE) Gears Up for Next Leg Higher — Will Resistance Break?

Crypto and stock trading platform eToro has boosted the size of its initial 
public offering to $620 million by pricing its shares above its previously 
suggested range.
The platform and its backers sold over 11.92 million shares for $52 each, 
which are slated to start trading on the Nasdaq Global Select Market on May 14 
under the ticker symbol ETOR, eToro said in a May 13 press release.
Initially, the firm aimed to raise $500 million by offering 10 million shares 
priced between $46 to $50 each.
The share offering will remain open until at least May 15 and consists of more 
than 5.9 million shares sold by eToro and 5.9 million shares sold by specific 
existing shareholders.
The Israel-based eToro will go public as a rival to Robinhood Markets Inc. 
(HOOD), which went public in July 2021 and whose shares are up over 67% year 
to date, according to Google Finance.
_Robinhood closed May 13 trading up over 67% at $62 per share, nearing its 
all-time high of $65, which it hit in February. Source:__Google Finance_
Initially, eToro made confidential filings with the SEC in January for a 
public offering before publicly announcing the plans on March 24.
Digital banking fintech firm Chime has also applied to list its stock on the 
Nasdaq Global Select Market under the ticker symbol CHY. However, the number 
of shares and price range are still to be determined.
Investment advisory firm Renaissance Capital speculated in a May 13 note to 
its clients that Chime&#8217;s IPO could raise up to $1 billion.
## Crypto IPOs in the works
Other crypto companies are also mulling plans to go public. Crypto exchange 
Kraken is reportedly considering a public offering this year.
Stablecoin issuer Circle filed with the SEC on April 1, then paused its plans 
after President Donald Trump&#8217;s April 2 tariff announcements tanked global 
markets and stopped many in-the-works public offerings.
Crypto custody services firm BitGo launched a global over-the-counter trading 
desk for digital assets in February, after it was reported to be gearing up 
for an initial public offering slated for later this year.
_**Related:**__**eToro US to cease nearly all crypto trading following SEC 
settlement**_
In December last year, crypto exchange-traded fund (ETF) issuer Bitwise 
predicted that at least five crypto unicorns would go public in 2025: 
stablecoin issuer Circle, crypto exchanges Kraken and Figure, and crypto bank 
Anchorage Digital and blockchain analytics firm Chainalysis.
In 2021, Coinbase was the first major crypto firm to go public in the US, 
listing its shares on the Nasdaq.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

eToro prices IPO above range at $52 a share to raise $620M

Wall Street’s future is barreling toward the blockchain as a top SEC insider 
champions tokenization, signaling a transformative leap that could 
revolutionize financial markets forever. Tokenized Wall Street? SEC Insider 
Signals Massive Blockchain Shakeup Is Coming U.S. Securities and Exchange 
Commission (SEC) Commissioner Hester Peirce, speaking at the Crypto Task 
Force’s fourth roundtable in Washington […]

SEC Commissioner Urges Legal Clarity to Unlock Tokenization’s Full Potential

XRP price found support at $2.420 and started a fresh increase. The price is 
now correcting gains from $2.60 and might aim for another increase. XRP price 
started a fresh increase above the $2.50 zone. The price is now trading above 
$2.50 and the 100-hourly Simple Moving Average. There is a key bullish trend 
line forming with support at $2.510 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 $2.60 resistance. XRP Price Regains Traction XRP price 
remained supported above the $2.40 level and started a fresh upward wave, like 
Bitcoin and Ethereum. The price was able to surpass the $2.50 and $2.550 
levels. The bulls pushed the price above the $2.580 resistance zone to set the 
pace for more gains. Finally, it tested the $2.60 zone. A high was formed at 
$2.6050 before there was a pullback. The price dipped below $2.5650 and the 
23.6% Fib retracement level of the upward move from the $2.4220 swing low to 
the $2.6050 high. The price is now trading above $2.50 and the 100-hourly 
Simple Moving Average. There is also a key bullish trend line forming with 
support at $2.510 on the hourly chart of the XRP/USD pair. On the upside, the 
price might face resistance near the $2.60 level. The first major resistance 
is near the $2.650 level. The next resistance is $2.720. A clear move above 
the $2.720 resistance might send the price toward the $2.80 resistance. Any 
more gains might send the price toward the $2.850 resistance or even $2.880 in 
the near term. The next major hurdle for the bulls might be $2.950. Downside 
Correction? If XRP fails to clear the $2.60 resistance zone, it could start 
another decline. Initial support on the downside is near the $2.510 level and 
the trend line. The next major support is near the $2.492 level and the 61.8% 
Fib retracement level of the upward move from the $2.4220 swing low to the 
$2.6050 high. If there is a downside break and a close below the $2.4920 
level, the price might continue to decline toward the $2.450 support. The next 
major support sits near the $2.420 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 – $2.510 and $2.4920. Major Resistance Levels – $2.60 and 
$2.650.