Author: Benjamin Lee

The Ethereum (ETH)-based layer-2 project Movement (MOVE) cratered to an all-time low on Thursday after Coinbase announced it would axe trading support for the asset on May 15th. Coinbase didn’t articulate a specific reason for the delisting, but the decision materialized a few weeks after Movement became embroiled in a controversy on another top crypto exchange. In late March, Binance banned and froze the assets of a market maker that operated for Movement. The layer-2 project’s native token launched via Binance’s Airdrops Portal in December, but Binance said that after MOVE was listed, the unnamed market maker sold approximately 66…

President Donald Trump’s Truth+ video streaming app is considering releasing a utility token. Devin Nunes, the chief executive and chairman of the Trump Media & Technology Group (TMTG), says in a new shareholder letter that the firm is exploring a token and a “Truth digital wallet.” Nunes, a former member of Congress, says the token could be used to pay for Truth+ subscription costs and “later be applied to other products and services in the Truth ecosphere.” Trump’s controversial Solana (SOL)-based memecoin, TRUMP, ticked down after the news. The 48th-ranked crypto asset by market cap is trading at $12.70 at…

The controversial crypto project Worldcoin (WLD) has launched its biometric identity verification system and WLD cryptocurrency in the United States, expanding to six major cities. In a new blog post, Worldcoin says Americans can use their eye scanners to verify their IDs in Atlanta, Nashville, Miami, Los Angeles, Austin and San Francisco. The project, backed by OpenAI CEO Sam Altman, uses eye-scanning Orb devices to generate unique digital IDs. Once verified, users receive WLD tokens and a World ID, which can be used for authentication on platforms such as Minecraft, Reddit and Telegram. The expansion follows scrutiny in several countries,…

Institutional interest drives the VIRTUAL rally. Chaikin Money Flow signals strong capital inflows. The price pattern shows a bullish formation. While most digital assets struggled to maintain direction in April, VIRTUAL emerged as one of the few cryptocurrencies to post sharp gains. The token has rallied 183% since April 1, making it the top-performing asset in the crypto space during a month marked by subdued sentiment and low volatility. With its price up 22% in the last 24 hours alone, investor attention has turned to the technical indicators, suggesting further upside may be on the horizon. The rally comes amid…

Coinbase, the largest crypto exchange in the US, has announced the possibility of listing Sam Altman’s World Network (WLD). In a post on the social media platform X, Coinbase says it’s added the project’s native token WLD to its listing roadmap. Being added to Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading. World Network, recently rebranded from “Worldcoin,” aims to create digital identities for everyone on earth by confirming their humanity with eye-scanning “orbs.” After scanning their eyes with the orbs,…

The top stablecoins are booming on the layer-1 blockchain Tron (TRX), according to the crypto tracker Lookonchain. Lookonchain notes that the value of USDT and USDC on Tron surged by $2.17 billion in the past week. USDT and USDC are the top two stablecoins by market cap, respectively. The stablecoin issuer Tether minted another 1 billion USDT on Tron on Monday alone, bringing the total supply of USDT on the chain to $71.7 billion, according to the crypto tracker. Tether has minted 12 billion worth of the top stablecoin since the end of January. Lookonchain also says the value of…

A closely followed analyst believes that the crypto markets are primed for a corrective move following strong rallies over the past couple of weeks. Pseudonymous analyst Altcoin Sherpa tells his 245,200 followers on the social media platform X that he thinks “a dip is going to come soon,” but he doesn’t see any reason to be super bearish once the correction takes place. According to the analyst, a correction should provide an opportunity for investors to enter the crypto market before another leg up. Should a marketwide pullback materialize, Altcoin Sherpa says he plans to accumulate five altcoins. “Coins I…

One of the top stock exchanges in the world has filed to list a spot-based exchange-traded fund (ETF) for the original memecoin. Nasdaq has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) to list a Dogecoin (DOGE) ETF that will be sponsored by 21Shares, a financial firm specializing in crypto investments. Earlier this month, 21Shares teamed up with the corporate arm of the Dogecoin Foundation, House of Doge, for an initiative to launch DOGE exchange-traded products (ETPs) globally. Said Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, at…

Crypto trader Michaël van de Poppe believes that altcoins are primed for a bull run following an extended bear winter. Van de Poppe tells his 784,800 followers on the social media platform X that three tailwinds are pushing crypto prices higher. At the top of his list is that financial conditions are starting to ease across the world, which he says is highly favorable for risk-on assets such as altcoins and Bitcoin (BTC). “Liquidity is increasing, and therefore, Bitcoin is expected to go up… China has started firing up QE (quantitative easing), Europe has lowered the interest rates and we’re…

Blockchain intelligence platform Lookonchain is highlighting a trader who has profited handsomely from trading in Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem. According to Lookonchain, the unidentified trader is once again going long on the crypto asset and has purchased 488,000 Fartcoin at a total price of $563,000. The trader had previously booked millions of dollars in profits on a Fartcoin position he had invested in earlier when the memecoin was still a micro-cap. “This trader first aped into Fartcoin when its market cap was $32 million, making $4.9 million by buying low and selling high.” Source:…