Source: Jordan Lyanchev, 2025-05-30; https://cryptopotato.com/cardano-news-can-these-2-factors-fuel-a-10-ada/
Category: News
May 31 2025
Bitcoin is showing signs of exhaustion after reaching a key resistance level near $106K. The rally that began in mid-April has pushed prices into overbought territory on higher timeframes. While the broader trend remains bullish, short-term consolidation or even a local pullback wouldn’t be surprising given current technical conditions and on-chain behavior. On the daily chart, BTC has surged from the $90K breakout level, clearing major resistance zones around $98K and approaching a key supply area around the $106k mark.Bitcoin Price Analysis: All Signs Point to BTC Cooling Off After Recent Rally
Source: CryptoVizArt, 2025-05-15; https://cryptopotato.com/bitcoin-price-analysis-all-signs-point-to-btc-cooling-off-after-recent-rally/
May 30 2025
More than 25% of Metaplanet’s shares have been borrowed for short positions, setting the stage for what some crypto community members feel could be a potential GameStop-style short squeeze. On May 18, the firm a record ¥877 million ($6M) in Q1 revenue, with a whopping 88% attributed to its Bitcoin strategy. It has increased its holdings of the crypto asset by almost four times since January, with its latest buy of 1,004 BTC for over $104 million bringing its entire stash to 7,800 BTC valued at more than $800 million.Metaplanet Faces Major Short Squeeze as Bitcoin Bet Defies Bears
Source: Wayne Jones, 2025-05-22; https://cryptopotato.com/metaplanet-faces-major-short-squeeze-as-bitcoin-bet-defies-bears/
May 28 2025
For the fifth consecutive week, digital asset investment products attracted inflows, amounting to $785 million. This pushed total inflows for the year to $7.5 billion. The influx has now erased the $7 billion in outflows from the February-March downturn. Bitcoin also saw notable inflows of $557 million, though down from the previous week, possibly influenced by the Federal Reserve’s continued hawkish stance. Meanwhile, short-bitcoin products attracted $5.8 million for the fourth consecutive week.Ethereum Sees $205M Weekly Inflows Following Successful Pectra Upgrade
Source: Chayanika Deka, 2025-05-21; https://cryptopotato.com/ethereum-sees-205m-weekly-inflows-following-successful-pectra-upgrade/
May 28 2025
The Chicago Mercantile Exchange (CME) is officially launching XRP futures contracts on May 19. The move marks a major expansion of CME’s crypto offering, coming soon after its Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures products. The new offerings will provide traders with cash-settled exposure to XRP’s price movement based on the CME CF XRP-Dollar Reference Rate without requiring actual ownership of the asset. They also come in two distinct contract sizes to accommodate different trading strategies.CME Launches Ripple (XRP) Futures Today: Here’s What You Need to Know
Source: Wayne Jones, 2025-05-20; https://cryptopotato.com/cme-launches-ripple-xrp-futures-today-heres-what-you-need-to-know/
May 27 2025
Coinbase is facing a class-action lawsuit filed by a group of Illinois residents who allege the crypto exchange illegally collected and shared their biometric data. The suit, brought to federal court on May 13, claims the company violated Illinois’ Biometric Information Privacy Act (BIPA) by capturing users’ facial data without proper notice or consent. According to the suit, users were asked to upload a government ID and a selfie as part of the sign-up procedure. These images were then sent to third-party facial recognition tools that analyzed facial features.Coinbase Faces Lawsuit Over Unauthorized Biometric Data Collection
Source: Wayne Jones, 2025-05-22; https://cryptopotato.com/coinbase-faces-lawsuit-over-unauthorized-biometric-data-collection/
May 27 2025
The U.S. government is close to enacting its first crypto legislation. Democratic lawmakers are pushing to include protections against corruption from public officials, especially the family of President Donald Trump. The GENIUS Act will establish a federal licensing and supervisory framework for stablecoins. If enacted, the bill will limit stablecoin issuance to licensed entities and prohibit trading assets that are not fully backed. The legislation will also require their issuers to undergo regular security audits. The bill was introduced by Senator Bill Hagerty in February.Democrats Push to Amend GENIUS Act Due to Trump’s Crypto Ties
Source: Mandy Williams, 2025-05-24; https://cryptopotato.com/democrats-push-to-amend-genius-act-due-to-trumps-crypto-ties/
May 27 2025
XRP remains in a prolonged consolidation phase, trading within channels across both its USD and BTC pairs. The structure is tightening, signalling an imminent breakout. However, momentum has cooled, and the market is awaiting a catalyst. XRP/USDT continues to respect the boundaries of a large descending channel. The price recently failed to break above the $2.60–$2.80 resistance zone, which aligns with the upper trendline of the pattern. Meanwhile, the RSI sits around 50%, indicating a neutral stance with a slight bearish bias.Ripple Price Analysis: XRP Seems Ready to Break Out of Consolidation Phase
Source: CryptoVizArt, 2025-05-21; https://cryptopotato.com/ripple-price-analysis-xrp-seems-ready-to-break-out-of-consolidation-phase/
May 26 2025
Japanese investment firm Metaplanet has added to its Bitcoin reserve with a fresh purchase worth $126.7 million on May 12. The latest move brings the company’s total Bitcoin holdings to 6,796 BTC. The Tokyo-listed firm has spent around $608.2 million on Bitcoin so far, with an average cost of $89,492 per coin. The company measures its progress using BTC Yield, a key metric that shows the percentage increase in Bitcoin held per fully diluted share.Metaplanet Boosts BTC Holdings with $126.7M Purchase
Source: Wayne Jones, 2025-05-14; https://cryptopotato.com/metaplanet-boosts-btc-holdings-with-126-7m-purchase/
May 25 2025
The FTX Recovery Trust has announced it will begin disbursing more than $5 billion to creditors from May 30. This payment round marks the second distribution to eligible parties as the firm continues its efforts to reimburse those affected by its collapse. Members of creditors Class 5A will receive a 72% distribution, while Class 5B will be paid 54%. Classes 6A and 6B, comprised of small lenders and Alameda Research trading partners, are each set for 61% distributions. Finally, Class 7 Convenience Claims will receive 120%.FTX Creditors to Receive Over $5B Starting May 30
Source: Wayne Jones, 2025-05-17; https://cryptopotato.com/ftx-creditors-to-receive-over-5b-starting-may-30/