Cardinal Robert Prevost, a little known missionary from Chicago, was elected in a surprise choice to be the new leader of the Catholic Church on Thursday, becoming the first U.S. pope and taking the name Leo XIV. Pope Leo appeared on the central balcony of St. Peter’s Basilica after white smoke had billowed from a chimney atop the […]
The impact of positive Bitcoin-related legislative and regulatory progress finally trickles down to BTC price as the top cryptocurrency rallies above $101,000. Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space. Traders are confident that $100,000 will hold as support. Read more
XRP price jumps as traders react to Trump’s trade deal tease, whale accumulation, and a bullish technical breakout. Key takeaways: XRP surged on May 8, boosted by risk-on sentiment following US President Donald Trump’s teased trade deal with the UK. Whale accumulation continues, with the number of addresses holding 10,000+ XRP rising steadily on price dips. Read more
The GENIUS Act failed to clear a procedure called cloture after pushback from Senate Democrats, who raised concerns about US President Donald Trump's crypto ventures. The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country. The bill, sponsored by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, Cynthia Lummis and Angela Alsobrooks, received last-minute pushback from Democrats, who took aim at the bill and raised concerns about US President Donald Trump’s cryptocurrency ventures. To address the concerns of Senate Democrats, the bill had already been amended to include stricter requirements for stablecoin issuers for further provisions for Anti-Money Laundering. Read more