Source: Wayne Jones, 2025-05-20; https://cryptopotato.com/cme-launches-ripple-xrp-futures-today-heres-what-you-need-to-know/
Category: Traceability
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/
May 24 2025
The latest CryptoQuant Weekly Report reveals that stablecoin liquidity has reached a new high of $220 billion. This surge is due to the expanding market caps of Tether (USDT) and USD Coin (USDC), which have fueled capital inflows into the broader crypto ecosystem. Historically, this pattern has coincided with periods of increased liquidity and stronger performance in the crypto market. Specifically, this trend is a bullish indicator for Bitcoin (BTC). Market sentiment has also improved with these liquidity changes. The Bitcoin Bull Score IndeStablecoin Liquidity Reaches Record High $220B: Report
Source: Wayne Jones, 2025-05-04; https://cryptopotato.com/stablecoin-liquidity-reaches-record-high-220b-report/
May 24 2025
DOGE’s price had tumbled to a multi-month low of $0.13 just several weeks back. As the global macro conditions improved, so did the crypto market, and Dogecoin has been among the frontrunners of gains. In just a short 48-hour period, its price skyrocketed by 35% to its highest levels since early March. Popular crypto analysts quickly picked up the move and outlined even more bullish price targets for the largest meme coin..DOGE Explodes by 35% in 2 days But Is That Just the Start?
Source: Jordan Lyanchev, 2025-05-11; https://cryptopotato.com/doge-explodes-by-35-in-2-days-but-is-that-just-the-start/
May 24 2025
Movement Labs has suspended co-founder Rushi Manche following revelations of a dubious market-making deal. The trouble stems from a deal between Movement Foundation and a third-party entity named Rentech, reportedly fronted by Singapore-based financier Galen Law-Kun. According to leaked contracts and internal messages, Rentech was supposed to facilitate liquidity provisioning for MOVE through Chinese market maker Web3Port. It led to a decision to transfer 66 million MOVE tokens to the little-known firm, amounting to about 5% of the circulating supply.Movement Labs Suspends Co-Founder Amid Market Maker Scandal: Full Details
Source: Wayne Jones, 2025-05-03; https://cryptopotato.com/movement-labs-suspends-co-founder-amid-market-maker-scandal-full-details/
May 23 2025
Ether has experienced a strong upward rally over the past two weeks, pushing from the $1,500s to above $2,600. While higher timeframes remain bullish for now, short-term caution is warranted. ETH has hit a technical ceiling just under the $2,.900 resistance, which aligns closely with the 200-day moving average. This zone previously acted as a major breakdown point in February and is now serving as a supply area. The RSI recently entered overbought territory, suggesting that momentum is fading as price approaches this resistance.Ethereum Price Analysis: Can ETH Continue its Run as Major Resistance Levels Approach?
Source: CryptoVizArt, 2025-05-19; https://cryptopotato.com/ethereum-price-analysis-can-eth-continue-its-run-as-major-resistance-levels-approach/