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XRP remains a major player after clearing regulatory uncertainty. It has not yet reached $4, but speculation suggests it could surpass its previous high of $3. Increased adoption could drive future price growth highway casino review.
Deputy Attorney General Todd Blanche’s memo attacked the Biden administration, which he said, “used the Justice Department to pursue a reckless strategy of regulation by prosecution, which was ill conceived and poorly executed.”
The shift is consistent with President Donald Trump’s other pro-crypto policies, including directives to the Securities and Exchange Commission and the Commodity Futures Trading Commission to ease up on crypto regulation and the creation of a digital assets reserve.
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“Next week, the Senate will make history when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins. This bill will cement US dollar dominance, protect customers, increase demand for US treasuries, and ensure that innovation in the digital asset space is in the hands of the United States of America, not our adversaries,” Senator Hagerty wrote.
Recently, Mantle Network integrated with EigenDA, reducing transaction fees significantly while improving transaction speed. As Mantle builds, it also integrates Stargate, enabling seamless, bridgeless transfers.
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
Cryptocurrency news predictions
A new report from TRM Labs found crypto hackers stole $1.38 billion worth of crypto in the first half of 2024, more than double the $657 million they scored during the same period a year ago. In the report, TRM Labs said private key and seed phrase compromises, smart contract exploits and flash loan attacks have been the most common crypto hacking strategies in 2024.
Reports, citing lab work at CERN, suggest that scientists could soon be able to recreate gold in the lab. As it happened, scientists at Europe’s Large Hadron Collider (LHC) managed to transform lead into gold, producing 89,000 atoms per second.
The most common way of predicting crypto price movements is using technical indicators. These are tools that will help you analyze crypto price charts and determine whether a cryptocurrency is currently overvalued or undervalued.
“Foreign capital repatriation and the devaluation of the gargantuan stock of US treasuries will be the two catalysts that will power Bitcoin to $1 million sometime between now and 2028,” Hayes wrote in his latest blog.
Amid the optimism, BitMEX co-founder and former CEO Arthur Hayes says Bitcoin could reach $1 million by 2028. He cites US capital controls taxing foreign assets, prompting capital flight from US markets.
05/18 update: A U.S. bill that would regulate stablecoin issuers, formerly introducing crypto into the established financial system, will be debated by Congress this coming week, with some claiming it’s poised to pass the Senate.