Author: Benjamin Lee
The world’s largest crypto exchange platform by volume is adding support for a new liquidity infrastructure project, causing its native asset to skyrocket. In a new announcement, Binance says that on May 2nd, it rolled out support for the decentralized omnichain protocol StakeStone (STO). “Binance is excited to announce the 17th project on the HODLer Airdrops page – StakeStone, a decentralized omnichain liquidity infrastructure protocol designed to transform how liquidity is acquired, distributed, and utilized across blockchain ecosystems.” The HODLer Airdrops program, which launched in June 2024, rewards those holding Binance’s native asset BNB with crypto based on previous snapshots…
A widely followed analyst and trader is leaning bullish on a decentralized finance (DeFi) project built in the Ethereum (ETH) ecosystem. The analyst, pseudonymously known as Credible Crypto, tells his 467,000 subscribers on the social media platform X that it is “only logical” for the native token of the DeFi altcoin Curve DAO (CRV) to hit a new all-time high against Bitcoin (BTC) before the end of the cycle. According to the pseudonymous analyst and trader, CRV could surge by around 1,840% from the current level to reach a price of 0.00015 BTC. CRV is trading at 0.00000773 BTC ($0.739)…
A closely followed analyst believes that one top-30 altcoin may put up massive gains in the near term. Pseudonymous analyst Altcoin Sherpa tells his 245,300 followers on the social media platform X that the utility token of the decentralized open financial system Hyperliquid (HYPE) may increase 150% from its current value as it prints a bullish pattern on the daily chart. “Bought a small HYPE perp position [April 30th]; not sure how long I’ll hold for. Still one of the best utility coins and projects out there and it’s slowly grinding higher. Wouldn’t be surprised to see this go to…
The company behind the largest stablecoin by market cap raked in substantial gains in the first quarter of 2025. In a statement issued following the publication of its Q1 2025 attestation, Tether says it generated over $1 billion in operating profit from traditional investments between January and March this year. The stablecoin issuer credits the impressive returns to the solid performance in its U.S. Treasury portfolio. Tether says gold also nearly offset the volatility in the crypto markets. The company’s Q1 2025 financial report shows that it has $98.5 billion in U.S. Treasury bills, around $6.3 billion in money market…
Prominent analytics firm Santiment says the altcoin market may continue to rally as long as two main factors persist. In a new strategy session, Santiment says altcoins will likely continue to trend higher if Bitcoin (BTC) does not return to the $80,000 range and if possible, exchange-traded funds (ETFs) for alts continue to generate excitement. “As we kick off May trading, stay alert to quickly evolving narratives – particularly if Bitcoin holds its position, and profits continue redistributing to various projects based on the latest news breaks. The altcoin rally may have legs if ETF hype continues, and if Bitcoin…
The Solana (SOL) competitor Sui briefly ticked up in price on Thursday after news broke that the crypto exchange-traded fund (ETF) provider 21Shares filed for a spot SUI ETF in the US. SUI was trading around $3.56 prior to the announcement and jumped to a high of $3.75 a few hours later, an increase of more than 5%. The 13th-ranked crypto asset by market cap has since retraced and is trading at $3.57 at time of writing. Duncan Moir, president of 21Shares, says the Sui ETF filing, which is subject to approval from the U.S. Securities and Exchange Commission (SEC),…
Stablecoin issuer Tether (USDT) is reportedly looking to return to the US with a new dollar-pegged digital asset. According to a new report by CNBC, the world’s largest stablecoin issuer is looking to launch a new crypto asset pegged to the US dollar by the end of the year as its chief executive continues to influence national crypto policies. News of the new stablecoins was confirmed by Tether CEO Paolo Ardoino in an interview with CNBC. According to Ardoino, Tether – which is headquartered in El Salvador – is attempting to rebrand itself as being cooperative with law enforcement, as…
The Ethereum (ETH)-based layer-2 project Movement (MOVE) cratered to an all-time low on Thursday after Coinbase announced it would axe trading support for the asset on May 15th. Coinbase didn’t articulate a specific reason for the delisting, but the decision materialized a few weeks after Movement became embroiled in a controversy on another top crypto exchange. In late March, Binance banned and froze the assets of a market maker that operated for Movement. The layer-2 project’s native token launched via Binance’s Airdrops Portal in December, but Binance said that after MOVE was listed, the unnamed market maker sold approximately 66…
President Donald Trump’s Truth+ video streaming app is considering releasing a utility token. Devin Nunes, the chief executive and chairman of the Trump Media & Technology Group (TMTG), says in a new shareholder letter that the firm is exploring a token and a “Truth digital wallet.” Nunes, a former member of Congress, says the token could be used to pay for Truth+ subscription costs and “later be applied to other products and services in the Truth ecosphere.” Trump’s controversial Solana (SOL)-based memecoin, TRUMP, ticked down after the news. The 48th-ranked crypto asset by market cap is trading at $12.70 at…
The controversial crypto project Worldcoin (WLD) has launched its biometric identity verification system and WLD cryptocurrency in the United States, expanding to six major cities. In a new blog post, Worldcoin says Americans can use their eye scanners to verify their IDs in Atlanta, Nashville, Miami, Los Angeles, Austin and San Francisco. The project, backed by OpenAI CEO Sam Altman, uses eye-scanning Orb devices to generate unique digital IDs. Once verified, users receive WLD tokens and a World ID, which can be used for authentication on platforms such as Minecraft, Reddit and Telegram. The expansion follows scrutiny in several countries,…