• The GENIUS Act will face a Senate vote in mid to late May.
• Pro-crypto senators are confident that the bill will pass despite opposition.
• Senator Cynthia Lummis and Senator Kirsten Gillibrand support a late May timeline.
• The GENIUS Act aims to regulate stablecoins and protect smaller financial participants.
• Opposition from Senator Elizabeth Warren may lead to changes, but not to the bill’s core features.

According to emerging developments in Washington, the proposed GENIUS Act may soon receive Senate approval. Despite opposition, multiple sources suggest the bill could pass in mid to late May. Supporters believe the GENIUS Act will transform financial markets and help establish strong cryptocurrency regulations nationwide.

Pro-Crypto Senators Signal Confidence as GENIUS Act Gains Momentum

Support from leading pro-crypto senators continues to grow, with many expressing optimism about the GENIUS Act’s path forward. They believe bipartisan backing and recent amendments increase its chances of success in the Senate. While opposition remains, the bill’s core framework appears intact.

SCOOP: My DC sources indicate that the #GENIUSACT could be passed in the next week. Clear efforts by @SenWarren and key staff members on the Hill have been made to thwart this legislation. Yes, there will be some changes to this bill, but the core of #stablecoin legislation to…

— PaulBarron (@paulbarron) May 16, 2025

Senator Cynthia Lummis mentioned May 26 as a possible target date, aligning with Memorial Day discussions in the chamber. Senator Kirsten Gillibrand reportedly supports this projection and emphasized the importance of timely action. Meanwhile, other lawmakers believe the GENIUS Act could advance earlier, possibly in the third week of May.

The bill’s supporters claim it addresses key gaps in stablecoin regulation, especially around consumer protections and issuer obligations. According to sources, it would promote innovation while ensuring accountability for stablecoin issuers. These regulatory measures aim to create a competitive and safe environment for digital finance.

Senate Moves Forward with GENIUS Act

Although resistance continues from some anti-crypto lawmakers, it has not significantly altered the GENIUS Act’s primary objectives. Senator Elizabeth Warren and certain Capitol Hill staff members have pushed for modifications. However, analysts suggest these limited changes will not undermine the bill’s core intent.

The proposed GENIUS Act is designed to support financial inclusion and protect small participants in the digital asset space. Its authors believe fair regulation can enhance access to stablecoin-based solutions for everyday financial needs. The bill also outlines clear licensing standards for stablecoin issuers.

Reports suggest that debates remain over specific language, but consensus is building around key parts of the legislation. As momentum grows, political observers expect compromise over secondary clauses. The GENIUS Act remains on track to move forward despite internal disagreements.

GENIUS Act Seen as Central to US Crypto Leadership Strategy

The bill is promoted as a step toward national leadership in blockchain policy and digital asset integration. Supporters believe it aligns with wider goals to modernize financial systems through responsible cryptocurrency adoption and views it as a framework for future legislation across digital finance.

According to a self-described angel investor, the bill also complements former President Donald Trump’s broader plans to prioritize crypto innovation. He claimed internal government discussions support the notion of Senate approval during the third week of May. Proponents argue the bill will enhance US’s credibility in global crypto policy development.

House Financial Services Committee Chair French Hill maintains that the GENIUS Act and other financial reforms could be signed into law before August. He confirmed that the legislative process is advancing steadily with coordinated efforts across congressional bodies.

The post Stablecoin GENIUS Act May Pass Senate Soon as Support Quietly Grows appeared first on CoinCentral.

• Pi Network token dropped 0.63 percent on Friday, closing at $0.9062.
• The price has declined 44 percent from its recent high of $1.62.
• A teaser for a major announcement led to a 200 percent surge earlier this month.
• The Pi Foundation revealed a $100 million venture fund on May 14.
• The market reacted negatively as the news did not offer immediate utility.

Pi Network extended its losses on Friday as its token fell despite positive ecosystem developments. The price dropped 0.63% to $0.9062, a 44% decline from its peak of $1.62. The fall came as the market reacted to the Pi Foundation’s latest announcement, which failed to meet expectations.

Earlier this month, Pi Network hinted at a major development scheduled for May 14. This teaser spurred a rally that saw the token gain over 200%. However, the eventual news triggered a sharp reversal in price, erasing nearly half of those gains.

Although the announcement centered around a new $100 million venture fund, the market did not respond positively. The fund aims to support startups building on the Pi Network. Still, the long-term nature of the initiative did not provide immediate price support.

Pi Network Token Falls Despite Ecosystem Push

On May 14, the Pi Foundation introduced a venture capital fund focused on blockchain innovation within the Pi Network. The fund will invest in ecosystem projects to create real-world use cases and build platform utility. However, the move did not trigger sustained price momentum.

🚀 Huge Day Tomorrow for Pi Network!

🔹 Major Ecosystem Announcement: The Pi Core Team is set to unveil big news on May 14, 2025—expect game-changing updates!
🔸 Consensus 2025 Begins: Pi Network takes the global stage in Toronto alongside blockchain giants like Ethereum and… pic.twitter.com/6cvEyegUod

— Pi Pioneers X (@PiPioneersX) May 13, 2025

The Pi Coin fell by over 50% after the announcement as market participants reacted with disappointment. Many expected short-term developments that could immediately impact liquidity or access. Since the fund supports long-term growth, the short-term market impact remained limited.

The slide in Pi Network continued into Friday, showing signs of price stabilization near previous support levels. While the long-term strategy may benefit the ecosystem, traders appeared to shift focus. The drop indicated a correction following a speculative rally driven by expectations.

Pi Network Rally Reverses After Reveal

The price surge before May 14 was fueled by anticipation and speculation around the announcement. Pi Network rose rapidly after the teaser, reaching its highest level since March 2025. Once the details became public, the token reversed direction almost instantly.

The pattern reflected a common trend known as “buy the rumor, sell the news,” often seen in speculative markets. The lack of immediate rewards or utility likely reduced demand and sharp selling pressure. Traders reacted swiftly to recalibrate expectations, pushing Pi coin lower.

Despite the decline, Pi has retained some of its earlier gains. The price now hovers near levels seen before the rally began. Stabilization suggests that volatility may ease as the ecosystem continues its gradual development.

The post Pi Network Drops Sharply After Hyped Reveal Fails to Satisfy Market appeared first on CoinCentral.

• Bitcoin’s price is trading at nearly $104,000 and is close to reaching its all-time high of $109,300.
• Supply to centralized exchanges has dropped to 2.17 million BTC, the lowest level in over six years.
• Over-the-counter desks now hold only 120,000 BTC, which has significantly declined from late 2021.
• Spot Bitcoin ETFs have accumulated over $40 billion in assets since January last year, supporting strong demand.
• Corporations like Strategy now hold large Bitcoin reserves, encouraging more firms to follow their lead.

Bitcoin price traded steadily near $104,000 this week as market participants prepared for a potential breakout. A narrowing supply of Bitcoin across exchanges and OTC desks has created conditions that could spark a sharp upward move. With demand surging and supply shrinking, Bitcoin price now approaches its all-time high of $109,300 with strong technical backing.

Bitcoin Price Rises Amid Shrinking Exchange Supply

Bitcoin price continues to gain strength as available supply on exchanges hits the lowest level in over six years. Centralized exchanges currently hold 2.17 million BTC, down from 2.72 million in January 2024. This drop limits sell-side pressure and could support a strong upward move in Bitcoin price.

Over-the-counter desks have also seen a reduction in available Bitcoin, signaling reduced liquidity for large off-exchange transactions. OTC supply has fallen to 120,000 BTC, a steep drop from nearly 500,000 BTC in late 2021. This tightening market may help sustain momentum as Bitcoin price targets a new record.

This chart doesn’t lie.

Bitcoin OTC liquidity is drying up fast.

Sellers are gone. Supply shock is coming.

How high do you think $BTC goes in 2025? pic.twitter.com/hciqWSrg4h

— Merlijn The Trader (@MerlijnTrader) May 16, 2025

The declining supply aligns with increased market activity and larger inflows into long-term holdings. This shift in Bitcoin distribution reduces immediate selling potential and builds a solid case for further price gains. The reduced supply across all major platforms strengthens Bitcoin price resilience.

Bitcoin Price Climbs on Strong Institutional Buying

Institutional activity remains a key driver behind the current Bitcoin price movement. Since early last year, Spot Bitcoin ETFs have attracted over $40 billion in assets, boosting overall demand. These funds accumulate large amounts of Bitcoin, applying upward pressure on the market.

Corporations have also joined the trend, with companies like Strategy holding 568,500 BTC worth about $59 billion. Strategy now owns approximately 2.7% of the total Bitcoin supply, setting a strong precedent. Other firms like Next Technology and Metaplanet have followed with steady acquisitions.

As more companies observe the benefits of these holdings, broader corporate adoption may accelerate. Strategy’s market value has surged from $1 billion to $115 billion since 2020, showing the impact of Bitcoin’s exposure. These moves add consistent long-term demand supporting the ongoing Bitcoin price climb.

Chart Patterns Point to Bitcoin Surge

Bitcoin’s price is consolidating within a bullish pennant pattern, forming just under resistance near $108,420. This formation indicates continuation in a broader uptrend, supported by a strong market structure. The price also forms a cup and handle pattern, adding further bullish confirmation.

The 50-day and 100-day Exponential Moving Averages are trending upward, reinforcing short-term strength. This alignment suggests sustained momentum, with the BTC price poised to challenge its historical peak. A successful breakout could push the price beyond $110,000, a significant psychological barrier.

If Bitcoin price breaks past the $109,300 level, it could attract additional buying activity and reinforce positive sentiment. The consolidation below the resistance appears orderly, increasing the probability of a breakout. As supply dries and demand holds firm, BTC price may set a new record high soon.

The post Bitcoin Price Nears Breakout as Supply Hits Record Low Levels appeared first on CoinCentral.

• Due to procedural issues, the court has blocked the proposed $50 million settlement in the Ripple vs. SEC case.
• Judge Analisa Torres ruled that the filing lacked the exceptional circumstances required under Rule 60.
• The decision delayed a resolution that both Ripple Labs and the SEC had agreed upon.
• Ripple’s previous legal victories, including the fact that XRP is not a security, remain unchanged.
• Ripple and the SEC have confirmed their continued commitment to resolving the case.

The Ripple vs. SEC case took a new turn after the court rejected a proposed $50 million settlement on procedural grounds. Judge Analisa Torres misruled on the motion filed under Rule 60, citing no exceptional circumstances to justify such relief. This decision stalled the agreement that both parties supported in deciding their legal standoff.

Despite an agreement between Ripple Labs and the SEC, the court emphasized that jurisdiction had not returned for final judgment. The judge’s procedural concern prevents the motion from moving forward in its current form. Ripple vs. SEC faces additional delays as both sides regroup to meet legal requirements.

Ripple Labs aimed to reduce its penalty from $125 million to $50 million, aligning with the SEC’s evolving stance on crypto oversight. However, at least temporarily, the court’s ruling blocks that compromise and signals further procedural steps are needed. Ripple vs. SEC continues to shape the broader regulatory landscape for digital assets.

Ripple vs SEC Heads Back to Court

Ripple maintains that previous court rulings in its favor still hold despite this new procedural setback. XRP remains classified as a non-security for secondary market sales, and the SEC has not disputed this finding. Ripple vs. SEC focuses on the legal nature of specific contracts rather than XRP itself.

#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” pic.twitter.com/4s95ILvzsy

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 15, 2025

The company’s Chief Legal Officer confirmed that both parties are committed to ending the dispute efficiently and lawfully. While the rejected settlement delays that resolution, no prior victories have been reversed or weakened. XRP vs. SEC lawsuit remains a critical reference point for ongoing crypto legal interpretations.

The court did not challenge prior determinations on XRP’s classification or Ripple’s partial legal success in earlier stages. Rather, the denial addressed only how the cross-appeal dismissal was structured under legal procedure. Ripple vs. SEC will now proceed with revised filings that comply with court expectations.

XRP Price Reacts to Court’s Decision

Following the court’s action on May 15, XRP’s value declined to $2.43, reflecting uncertainty after initial optimism. XRP had climbed over 23% from May 8 to May 14, reaching above $2.60 before reversing. Ripple vs. SEC developments significantly influence XRP’s price trends and trading behavior.

The rejection has amplified market volatility, as traders reassess timelines and potential outcomes in the legal process. With no immediate resolution, XRP’s price may remain sensitive to updates from the ongoing court proceedings. Ripple vs. SEC continues to impact market sentiment across the broader digital asset space.

Though Ripple and the SEC remain aligned on settlement terms, further court approval will be necessary to finalize the agreement. Both parties must return with a corrected filing to satisfy the procedural objections. XRP vs. SEC lawsuit remains unresolved but is moving toward a legally binding outcome.

The post XRP Lawsuit: Ripple vs. SEC Case Faces New Roadblock Despite Agreement on Terms appeared first on CoinCentral.

• Fourteen US states disclosed a combined $632 million investment in Strategy stock in the first quarter of 2025.
• Strategy remains popular due to its large Bitcoin reserves and rising stock value.
• California led with $276 million in holdings through its two major public pension funds.
• Florida, North Carolina, and New Jersey each reported significant increases in Strategy share acquisitions.
• Despite its smaller share count, Utah showed the highest quarterly growth rate at 184%.

In Q1 2025, fourteen US states collectively reported $632 million in Strategy stock across public retirement and treasury funds. Strategy, formerly MicroStrategy, is known for its large Bitcoin reserves and strong stock performance. This surge signals growing state-level interest in gaining indirect Bitcoin exposure through traditional equity holdings.

California Leads in Strategy Share Accumulation

California holds the largest portion of Strategy shares, totaling $276 million across its two main pension funds. CalSTRS added 18% more shares, reaching 336,936, while CalPERS increased its stake by 35% to 357,183 shares. This quarter, the state’s combined holdings represent the highest dollar value among all reporting entities.

The consistent growth shows a continued push toward blockchain-aligned assets through regulated institutions like Strategy. Both California funds saw a significant quarterly rise in share numbers and market value. As Strategy’s stock price grew in early 2025, the value of California’s holdings appreciated accordingly.

Other large holders like Florida and North Carolina also expanded their positions in Strategy during Q1. Florida reported 221,860 shares valued at $88 million, a 38% quarterly increase. North Carolina’s treasurer now manages 107,925 shares, reflecting a 41% jump since Q4 2024.

Smaller States Show Rapid Growth in Strategy Shares

Utah posted the highest percentage increase in Strategy holdings, up 184% from the previous quarter. It currently holds 25,287 shares valued at $10 million across its retirement system. The sharp rise marks the most aggressive quarter-on-quarter growth among all states.

Colorado followed with a 67% increase, now managing 30,567 shares worth $12 million. This demonstrates accelerated activity even among states with limited exposure to the Strategy. Such momentum aligns with the rising market interest in Bitcoin-aligned equities.

Arizona raised its holdings by 25%, bringing its Strategy share count to 66,523 worth $26 million. This occurred despite the recent veto of a proposed Bitcoin reserve bill in the state. The development indicates selective but rising engagement with crypto-linked stocks.

Wisconsin and New Jersey Shift Strategies in Crypto Exposure

Wisconsin’s Investment Board holds 127,528 Strategy shares valued at $51 million after growing its position by 26% during the quarter. However, it simultaneously sold its entire $300 million stake in the iShares Bitcoin Trust (IBIT). This move shows a change in approach toward direct crypto-related securities.

New Jersey maintains $43 million in Strategy holdings across two public pension funds. The Police and Firemen’s Retirement System holds 33,628 shares, increasing by 40%, while Common Pension Fund D grew by 14% to 76,615 shares. These steady gains contribute to New Jersey’s overall Bitcoin-related asset exposure.

While Strategy’s stock closed at $397 on May 9 after a recent peak, it remains up 37% year-to-date. This performance supports the increasing state-level allocation to the stock.

The post States Quietly Pour $632M into Strategy Stock as Bitcoin Surges in 2025 appeared first on CoinCentral.

• Cardano ETF approval odds have recently increased to 55% following a 45 percent rise.
• Traders show stronger confidence in Cardano after announcing the Glacier Airdrop and Midnight sidechain.
• Midnight will distribute NIGHT and DUST tokens to over 37 million wallets across eight blockchains.
• The Cardano founder stated that venture capital firms will not receive any share of the new token distribution.
• Midnight’s architecture will allow developers to pay fees using native tokens like ETH, SOL, BTC, and ADA.

Traders have pushed the Cardano ETF approval odds to 55%, reflecting a 45% increase over recent weeks. This surge comes amid rising interest following the Glacier Airdrop announcement and the ongoing testnet phase of the Midnight sidechain. Market confidence continues to grow as regulatory and institutional sentiment around altcoins gains momentum.

Cardano ETF Sentiment Strengthens With Market Activity

Cardano ETF markets are seeing increased attention, with “Yes” shares now trading at $0.68 on Polymarket. The price movement signals rising expectations for approval, though no official ETF application for Cardano exists. However, growing institutional interest and improving regulatory tone support the shift in sentiment.

The Cardano ETF trend stands out as altcoin-related financial products attract wider consideration in 2025. While Bitcoin and Ethereum ETFs have led the charge, Cardano’s potential is gaining traction. Market analysts link this to consistent development updates and rising ecosystem adoption.

Recent events like Consensus 2025 have also contributed to Cardano ETF optimism. Developers showcased advancements that improve Cardano’s use case and position in decentralized finance. These developments continue to shape perception and fuel speculative movement in ETF prediction markets.

Midnight and Airdrop Plans Boost Ecosystem Appeal

Charles Hoskinson announced the full rollout plan for the Glacier Airdrop during Consensus 2025, bringing attention to Cardano again. The Glacier Airdrop supports the Midnight sidechain, which aims to enhance privacy and governance through the NIGHT and DUST tokens. These tokens will be distributed across over 37 million wallets on eight blockchains.

Hoskinson confirmed that venture capital funds will not receive any allocation from the Glacier Airdrop. The tokens will be user-controlled; recipients can hold, sell, or ignore them. This model contrasts sharply with traditional token launches and may influence regulatory perception.

Midnight’s architecture promotes cross-chain cooperation, allowing developers to pay network fees with native tokens. Supported tokens include ETH, SOL, BTC, and ADA, providing utility across chains. This system enables validators from different ecosystems to secure Midnight and earn rewards.

Cardano Price Gains as ETF Hopes Build

Midnight is now in its testnet phase and is scheduled for a mainnet release by late 2025. It is designed as neutral infrastructure, aiming to reduce fragmentation across blockchains. Supporting multi-chain validation and cooperative token use strengthens the broader Cardano ecosystem.

This strategic direction aligns with regulators’ interest in projects with transparency, decentralization, and user-first models. The Cardano ETF possibility gains support from such technical and operational clarity. Regulatory bodies may find this approach more favorable when evaluating new exchange-traded products.

Cardano (ADA) is currently trading at $0.78, maintaining a position above key resistance levels. The market has reacted positively to the ETF speculation and recent network updates. Continued progress on Midnight and strong airdrop engagement may further support Cardano ETF prospects.

The post Cardano ETF Approval Odds Jump to 55% Amid Major Network Shift appeared first on CoinCentral.

• Méliuz has become Brazil’s first publicly traded company to adopt Bitcoin in its treasury.
• The company purchased 274.52 BTC for $28.4 million at an average price of $103,604 per coin.
• Méliuz now holds a 320.3 BTC, currently valued at over $33 million.
• Shareholders approved the plan to transform Méliuz into a Bitcoin treasury corporation on May 15.
• The company aims to increase Bitcoin per share using structured financial strategies and cash generation.

Brazil-based fintech company Méliuz has officially adopted Bitcoin as part of its treasury strategy, acquiring BTC worth $28.4 million. The company confirmed it now holds 320.3 BTC, making it the first public company in Brazil to take this step. This decision positions Méliuz at the center of Brazil’s growing corporate crypto adoption landscape.

Brazil’s Méliuz Embraces Bitcoin Treasury Model

On May 15, Méliuz held a general shareholder meeting to vote on a Bitcoin-focused corporate strategy. The shareholders decided to transform the company into a Bitcoin treasury corporation. The majority supported the motion, enabling Méliuz to begin aligning its business model with Bitcoin accumulation.

This marks a new direction for the Brazil-based company, as it reorients its financial priorities toward digital asset growth. Méliuz announced it will maximize Bitcoin per share through internal structures and capital reallocation. The strategy includes using revenue streams and financial tools to grow its BTC reserves efficiently.

Méliuz’s leadership views this transition as a core operational shift, not just a hedge against Brazil’s inflation and currency instability. The firm plans to gradually increase BTC holdings using available liquidity and structured capital management. The strategy reflects a broader movement among firms in Brazil, incorporating digital assets into their long-term planning.

Details of the Bitcoin Purchase

Méliuz reported that it acquired 274.52 BTC at an average price of $103,604 per coin, for a total of $28.4 million. This increased its total BTC holdings to 320.3. The company confirmed that the current market value of its Bitcoin is over $33 million.

Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil.

And today, we took another step forward:
Acquired 274.52 BTC for US$ 28.4M
Average price: US$ 103,604
Achieving a BTC Yield of… pic.twitter.com/y12JlKwW6N

— Israel Salmen (@IsraelSalmen) May 15, 2025

The first BTC purchase occurred on March 6, 2025, when Méliuz bought 45.73 BTC as a strategic entry. With this initial step, Brazil’s Méliuz laid the groundwork for a more aggressive Bitcoin accumulation plan. Future acquisitions will continue based on structured financial planning and BTC market conditions.

Méliuz has clarified that all BTC purchases will support shareholder value while aligning with Brazil’s financial reporting standards. The firm aims to optimize Bitcoin treasury growth while maintaining compliance and transparency. It will track BTC performance and adjust its strategy based on macroeconomic and company-specific factors.

Wider Crypto Industry BTC Buying Trends

Méliuz joins a growing list of companies worldwide adopting Bitcoin as a treasury asset amid rising corporate interest. In the United States, DayDayCook disclosed a BTC purchase of 100 coins with plans to reach 5,000 BTC in three years. This trend underscores companies restructuring capital around Bitcoin to protect against fiat depreciation.

Bahrain-based Abraaj Restaurants Group became the first public company to adopt Bitcoin with a 5 BTC purchase in the Middle East. These moves signal a broader shift toward crypto integration in treasury functions across multiple regions. As Bitcoin gains institutional trust, more Brazil-based companies may follow Méliuz’s example.

Meanwhile, Brazil’s business sector continues to monitor these developments while adjusting to the evolving crypto landscape. As BTC prices remain above $104,000, speculation grows about Bitcoin’s long-term role in corporate finance. Méliuz’s bold move sets a precedent for public companies in Brazil embracing digital asset strategies.

The post Brazil Fintech Giant Méliuz Stuns with Bold Bitcoin Treasury Plan appeared first on CoinCentral.

• Cardano launched Midnight as a privacy-focused network designed to integrate with major blockchains, including XRP.
• Midnight allows developers to pay transaction fees using native chain tokens without asset migration.
• The network introduces a cooperative model to promote interoperability without enforcing ideological alignment.
• Midnight addresses privacy concerns by enabling selective disclosure of sensitive data on public blockchains.
• Cardano created Shielded and the Midnight Foundation to lead technical development and decentralized governance.

Cardano’s new privacy-focused protocol, Midnight, will cooperate with multiple blockchain ecosystems, including XRP, Bitcoin, Ethereum, and Solana. Charles Hoskinson confirmed the platform’s cross-chain integration strategy at Consensus 2025 in Toronto. Midnight addresses privacy, interoperability, and governance through structural innovation rather than competition.

Cardano Midnight Connects Directly With XRP

Midnight will integrate directly with the XRP Ledger, allowing users to pay transaction fees using XRP and other native tokens. This approach removes the need to move assets between blockchains and avoids unnecessary migration or liquidity disruption. Therefore, Cardano’s strategy with Midnight supports a collaborative infrastructure instead of a competing ecosystem.

Additionally, the use of native tokens for fees strengthens interoperability between Cardano and XRP without enforcing any ideological requirements. Hoskinson emphasized that Midnight does not seek to dominate but to interlink chains with callable infrastructure. As a result, Cardano’s model introduces cross-platform utility while preserving chain sovereignty.

The platform promotes cooperation and functional utility between major chains like XRP and Cardano. Rather than replacing existing systems, it offers a protocol that supports privacy and integration. This structure, labeled “cooperative economics,” presents an alternative to the zero-sum behavior often seen in Web3 development.

Cardano Midnight Adds Privacy to Bitcoin

Midnight introduces a privacy layer that enables selective disclosure to protect financial and medical data across Bitcoin and Ethereum. Cardano’s team developed this feature to address rising concerns over financial surveillance in public blockchains. Transactions on stablecoins like USDC and USDT remain visible, exposing user identities.

Midnight allows users to decide what information to disclose to counteract this, improving confidentiality across public chains like Ethereum and Bitcoin. This selective privacy architecture reflects Cardano’s focus on balancing transparency with personal data protection. Shielded, an engineering arm, now leads the platform’s technical development.

Furthermore, the Midnight Foundation, headed by Fahmy Syed, governs the network’s structure and ensures open participation across all supported chains. The foundation focuses on inclusive governance, helping Cardano extend its principles to partner ecosystems. These coordinated entities aim to make privacy a default feature across networks like Bitcoin and Ethereum.

Cardano Pushes New Token Distribution with the Glacier Drop

Cardano will avoid venture capital and token presales by distributing Midnight tokens to 37 million addresses through the Glacier Drop. The airdrop covers eight chains, including Cardano, XRP, Bitcoin, and Ethereum, ensuring wide distribution without capital concentration. Two tokens will be distributed, NIGHT for governance and DUST for transactions.

This approach eliminates early investor advantage and promotes equitable participation across all supported ecosystems. By doing so, Cardano distances itself from speculative models and focuses on sustainable infrastructure. The project funds itself without an initial coin offering or private fundraising round.

Cardano founder Hoskinson noted that on-chain governance ensures long-term adaptability and community control over network evolution. Midnight mirrors this approach with token-based voting and treasury control, reinforcing decentralized oversight. Cardano’s model aims to reshape blockchain governance through inclusive, fair, and transparent systems.

The post Cardano Midnight Sets Silent Alliance With XRP, Bitcoin, Ethereum appeared first on CoinCentral.

• XRP price dropped by 5 percent after the court denied Ripple’s joint motion.
• Judge Analisa Torres ruled the motion was improperly filed in the ongoing SEC lawsuit.
• Ripple aimed to avoid penalties including a sales ban and full financial fine.
• XRP price corrected nearly 10 percent from its recent high of $2.60.
• The cryptocurrency is now testing a critical trendline with key support near $2.19.

The XRP price dropped sharply following the recent court decision in the Ripple vs. SEC lawsuit. Judge Analisa Torres rejected a joint motion seeking an indicative ruling, leading to renewed uncertainty. This development triggered a 5% decline in the XRP price, which briefly touched $2.35 amid intensified market pressure.

XRP Price Weakens After Legal Blow

Ripple encountered a legal setback after the court refused to accept the joint motion to reduce regulatory penalties. The XRP price reacted negatively after facing rejection at the $2.60 level earlier this week. The price has corrected nearly 10% from its recent high as bearish sentiment gains momentum.

The court ruled that the motion was improperly filed and could not reverse parts of a prior final decision. Ripple aimed to avoid penalties related to securities violations, including a sales ban and a full financial penalty. This outcome delayed prospects of a quick resolution and added pressure on the XRP price at a critical market phase.

$XRP is retesting the trend line from above. A break below this trend line could trigger the start of a larger pullback into the support region which is defined between $2.19 and $1.79. pic.twitter.com/Q3iLnDTNDz

— Man of Bitcoin (@Manofbitcoin) May 15, 2025

As a result, market uncertainty increased, and XRP open interest dropped by 6% to $5.08 billion, as per Coinglass data. Liquidations surged to $22.86 million in 24 hours, with $20.37 million coming from long positions. Technical analysts highlighted that XRP price is now testing a vital trendline, which could signal further losses if breached.

Ethereum and Solana Lead Gains While XRP Trails

While XRP price struggles, Ethereum has posted gains driven by strong investor interest and a supportive broader market trend. Ethereum rose by over 20% this month as increased trading volumes and network activity contributed to its upward momentum. Despite some volatility, ETH maintained strength above its key support levels.

Solana also outperformed XRP in recent weeks, recording a monthly gain of over 30% fueled by renewed interest in DeFi platforms. Analysts noted consistent inflows into Solana-based projects, boosting its price performance. In contrast, XRP price has lagged as regulatory uncertainty remains a significant weight on its outlook.

DOGE showed mixed movement, but still outpaced XRP, with a 5% monthly increase backed by retail trading interest. The meme coin held support levels well, showing resilience compared to the decline seen in XRP price. XRP’s underperformance highlights the market’s reaction to Ripple’s prolonged legal challenges.

XRP Price Holds as Legal Talks Continue

Following the court’s denial, Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed continued cooperation with the SEC to resolve the case. Ripple is expected to revisit the motion jointly with the SEC, aiming to address procedural issues raised by the court. The parties may seek a limited remand through the Court of Appeals to pursue agreed-upon relief.

Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe

— Stuart Alderoty (@s_alderoty) May 15, 2025

If approved, Ripple would file a motion to dissolve the injunction and reduce penalties to around $50 million. Following that, both Ripple and the SEC may dismiss their respective appeals with the Second Circuit Court. However, until clarity emerges, the XRP may remain range-bound or face further declines.

Technical indicators now show XRP price testing support between $2.19 and $1.79, which analysts consider a make-or-break zone. Any breach below this level could trigger extended losses and delay recovery efforts. Until then, XRP movement will likely reflect legal developments and sentiment surrounding Ripple’s next legal steps.

The post XRP Price on the Brink After Ripple’s Legal Motion Faces Rejection appeared first on CoinCentral.

• Dogecoin is showing strong momentum, which is supported by rising on-chain activity and whale accumulation.
• Over 1 billion DOGE tokens have been accumulated by large holders in the past month.
• Active addresses and transaction volumes for Dogecoin have increased steadily in recent weeks.
• Analysts see strong similarities between the current DOGE setup and the 2014 to 2018 market cycle.
• Dogecoin’s price is forming a solid base at $0.22, with resistance at $0.27 as the next major level.

Dogecoin (DOGE) continues to show strong momentum, as recent on-chain data highlights key bullish signals across multiple indicators. With the DOGE price maintaining a steady base at $0.22, analysts anticipate potential breakout moves. Whale accumulation, active addresses, and increased transaction volumes strengthen Dogecoin’s technical outlook and long-term market position.

DOGE Whale Accumulation Signals Growing Momentum

Dogecoin whales have acquired over 1 billion DOGE tokens in the past 30 days, indicating heightened interest from large holders. This trend suggests sustained confidence and contributes to solid market structure, especially as accumulation coincides with steady price support. The $0.22 zone has become a firm base, with rising demand across major wallets.

Whales have bought over 1 billion #Dogecoin $DOGE in the past month! pic.twitter.com/VVzwO7yLnM

— Ali (@ali_charts) May 16, 2025

Significant whale activity often signals expected movement, and this recent increase aligns with earlier accumulation trends during prior DOGE upswings. Historical data support the correlation between whale purchases and bullish market phases, suggesting a possible upward breakout. The DOGE price could soon challenge the $0.27 resistance if current accumulation persists.

The surge in whale accumulation also matches increased liquidity and reduced selling pressure, supporting stable price behavior. Dogecoin’s volume across exchanges has grown consistently, reinforcing overall buying pressure. This strong support at current levels forms a platform for a sustained price rally if resistance breaks soon.

On-Chain Metrics Indicate Rising Network Activity

Key Dogecoin on-chain metrics are rising, including a surge in active addresses and transaction count, reflecting expanding network utility. Metrics tracked by analysts show steady increases in DOGE transfer volumes, especially during the past few weeks. This sustained network usage suggests continued interest and active participation in DOGE transactions.

An increase in address activity typically reflects user growth and broader market engagement, boosting Dogecoin’s strength. Elevated transaction volumes also indicate consistent movement of DOGE, often associated with increased demand and distribution. Together, these trends suggest the memecoin is gaining traction across multiple on-chain performance indicators.

#Dogecoin $DOGE is seeing a rise in active addresses, transaction volume, and whale activity. All bullish signals that could support further upside! pic.twitter.com/pRHObYo60J

— Ali (@ali_charts) May 16, 2025

Data also shows that DOGE is experiencing growing participation across retail and large holders, helping establish a stable and expanding ecosystem. Whale activity complements network metrics, reinforcing the possibility of a strong price move. If network activity continues at this pace, DOGE could see upward price pressure in the near future.

Dogecoin Builds Strength at Key Levels

Technical analysts are identifying chart similarities between past and current Dogecoin market cycles, suggesting the early stages of a super cycle. According to comparative models, DOGE patterns mirror those from 2014 to 2018, showing similar consolidation and accumulation behavior. Analysts believe this could set the stage for a parabolic rally if the pattern holds.

Dogecoin has maintained a steady formation at support levels, strengthening its long-term chart structure on both linear and logarithmic scales. Price consolidation at $0.22 aligns with past cycle bases, often preceding breakout moves in previous DOGE rallies. The upcoming months are seen as crucial for the next major movement.

Projected resistance near $0.27 remains the key breakout zone, with potential for expansion if market momentum continues. Analysts see this level as a decisive point that could lead to the start of a broader rally. As Dogecoin maintains strong on-chain fundamentals, price models support an optimistic medium-term outlook.

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