DeFi News Today Official TheBitTimes.com

Summary ⚈ AI models predict XRP may trade between $1.90 and $3.20 by May 30, depending on sentiment and regulation. ⚈ XRP is down short term but shows medium-term strength with mildly bullish indicators. ⚈ Ripple-SEC case outcome and potential U.S. spot ETF approval could drive a price rally XRP is experiencing a sharp sell-off, in line with the broader cryptocurrency market. However, two artificial intelligence (AI) models have offered a cautiously optimistic XRP outlook for the next month.  At press time, XRP was trading at $2.16, down 5.23% over the past 24 hours and 2.76% on the weekly chart.  XRP seven-day price chart. Source: Finbold The price remains below its 50-day simple moving average (SMA) of $2.22 but well above the 200-day SMA of $1.91, signaling underlying medium-term strength. The 14-day Relative Strength Index (RSI) stands at 57.7, indicating neutral to mildly bullish momentum. While overall market sentiment is neutral, the Fear ...

Mortgage rates have actually decreased a bit recently, dropping to about 6.81% from 6.83% last week according to the latest data from Freddie Mac. This small but notable reduction happens to coincide with falling gas prices and also interest rates, creating what Treasury Secretary Scott Bessent has referred to as a more affordable economic environment right now. These changes are already starting to impact the housing market and everyday consumer finances in several ways. JUST IN: Treasury Secretary Bessent says "Interest rates are down, mortgage rates are down, gasoline and energy prices are down, and we're expecting further decreases." pic.twitter.com/LA7In0wkwN — Watcher.Guru (@WatcherGuru) April 29, 2025 Also Read: China Exempts Key U.S. Goods From 125% Tariff—What’s on the List? How Lower Mortgage Rates, Gas Prices, and Interest Rates Impact You Source: Watcher Guru Mortgage Rates Show Modest Relief Source: Investopedia The latest mortgage rates have provided positi...

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The US stock market has certainly gotten off to a rough start to the year. Specifically, mega-cap companies and the Magnificent 7 have struggled increasingly to gather any kind of momentum. That has led CNBC voice Jim Cramer to call Meta Platforms (META) stock ‘cheap,’ but is it cheap enough to buy? Entering the year, there was a lot of excitement regarding what the Mark Zuckerberg-led META could accomplish this year. Yet, present macroeconomic struggles and geopolitical uncertainty have weighed heavily on the market. That could benefit investors, as there may be no better entry point for the tech giant. Source: Investopedia Also Read: Meta Platforms (META) Gets New Rating: Can Stock Target $700? Jim Cramer Talks META Stocks 2025, and Why It May Be Time to Buy In Big tech stocks took another step back Monday after thriving last week. The Dow Jones Index erased 300-point gains with its performance to start the last week of April. Moreover, the overall market has fallen modera...

Craig Wright, the controversial self-proclaimed inventor of Bitcoin, has been accused of “farming fraud” after he apparently pivoted to cultivating land in Asia to start his own fruit and vegetable farm. The allegation relates to a series of images Wright shared on X, along with plans to clear out land with diggers and build greenhouses. Mark Hunter, the co-presenter of the Dr Bitcoin podcast, pointed out that an image of one of the greenhouses was an exact copy of a photo uploaded by the greenhouse manufacturer, Shrushti Hitech, six months ago. He then accused Wright of moving from evidence fraud to “farming fraud.”   The land clearance has begun for the new extension areas. Excavators are on site, digging down 50cm, removing rocks, levelling everything out. This is the start of building out the polytarp tunnels and preparing for the next cycle of new crops. The foundations for the greenhouses… pic.twitter.com/hLfS5j5SN6 — S Tominaga (@CsTominaga) April 27, 2025 Th...

Crypto politicians are discussing a number of changes in Federal Reserve policies that seem to indicate Jerome Powell’s willingness to defy Donald Trump. Despite the Fed’s claim to have withdrawn crypto guidance in compliance with one of Trump’s executive orders, Senator Cynthia Lummis and Wyoming politician Caitlin Long call its actions mere lip service. Re-asserting Powell’s independence from the executive branch this month, Trump relented on speculation that he could fire Powell from his position of chairman at the world’s most powerful central bank. Emboldened, Powell has limited his compliance with Trump’s January 23 executive order, “protecting and promoting fair and open access to banking services.” Jerome Powell reduces crypto banking restrictions — somewhat According to the Federal Reserve Board, its banking supervisors have narrowly withdrawn guidance that restricted certain crypto activities at banks. In particular, the Fed rescinded an expectation t...

A fake press announcement purporting to be from the Vatican’s Holy See Press Office claimed to “deplore” the crypto prediction market Polymarket for turning the search for a new Pope into a “mere speculative exercise.” The supposed Holy See announcement, shared by X user @yoxics on Wednesday, urges the “faithful to uphold the dignity of the papal election as a matter of prayerful discernment rather than profit.” They also claimed the Catholic Church “excommunicated thousands of crypto gamblers for betting on the next pope on Polymarket.” In response to another user sharing this post, Polymarket’s X account responded, “ wait what???? ” The person running the account may have gotten a little too excited about a potential interaction with the actual Holy See office, as another of their tweets on the subject was later deleted.  The fake Holy See Polymarket press release (left) against a real press release on the same day (right). Read more: DOGE lies br...

In what could be a major development for the cryptocurrency sector, Alabama has officially opted to drop its enforcement action case against Coinbase. The cryptocurrency exchanges’ chief legal officer, Paul Grewal, took to X (formerly Twitter) to announce the update to the ongoing litigation. According to Grewal, that now brings down the list of ongoing staking lawsuits against Coinbase from US states to just five. Indeed, he notes that the exchange is now “halfway there” after the Alabama decision. Moreover, he confirmed that the five dropped lawsuits have all taken place in the last two months. We're halfway there: Alabama just dropped its enforcement action against @coinbase – cutting the number of states with misguided staking suits in half in just two months. 1/3 pic.twitter.com/MWVnl30BTl — paulgrewal.eth (@iampaulgrewal) April 23, 2025 Also Read: Coinbase COIN Stock to Climb 100% After Derivatives Purchase? Alabama Becomes Fifth State to Drop Coinbase Staking La...

The cryptocurrency industry entails thousands of assets. While the market started with just one cryptocurrency, now each one is different than the other. The meme coin market is often criticized for its lack of utility. But the introduction of Shiba Inu (SHIB) was a game-changer. The team behind the network has often highlighted its developments towards building SHIB’s utility. The community believes that this factor could push the meme coin beyond the 1 cent milestone. Also Read: Ripple: When Will XRP Reach $10? The 1 cent mark has been pertinent in the Shiba Inu market. The network has been relentlessly trying to claim this price level. But the asset is a far cry from this target. The highest that SHIB has surged to is its all-time high of $0.00008845. Sadly, the asset is 84% below this peak. Shiba Inu Registers Double Digit Rise Source: Watcher Guru The entire cryptocurrency market was jumping back into action after its brutal slowdown during the past few months. Shiba Inu did ...

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Ripple (XRP) is one of the most promising cryptocurrency tokens in the market today. The token has experienced its fair share of highs and lows and heightened scrutiny due to the legal war that the token was embroiled in with the US SEC. However, with time, XRP has consistently proven how strong the token’s ecosystem truly is, emerging victorious by defeating all odds. In the middle of the recent market slump, will XRP be able to claim a new high by the end of April 2025? Let’s find out. Also Read: Alphabet (GOOGL) Or META: Which Stock Is a Better Buy in 2025? Ripple’s Price Path: What Lies Ahead? Source: Coinpedia XRP is currently sitting at a neutral price spot of $2.09, down 1% in the last 24 hours. The raging tariff war has been particularly detrimental for the crypto market in general, affecting altcoins the most in the process. However, XRP seems to project a bullish future, per several crypto analysts, particularly by notable Dark Defender. Dark Defender took to X to ...

Shiba Inu (SHIB) experienced one of the most substantial price rallies during the 2021 bull run. The asset’s price skyrocketed by many million percent. Early investors made generational wealth with minimal investments. The rags-to-riches stories around SHIB solidified its name as a millionaire maker. The asset became a hit among new investors who wanted to make it big in a short time with small funds. Also Read: Whales Dump $92.5 Million Worth of Dogecoin: How Will DOGE Trade Next? How Did Shiba Inu Rally So High In 2021? Source: Watcher Guru One of the most significant catalysts for SHIB’s incredible rally in 2021 was Vitalik Buterin’s massive token burn. The Ethereum co-founder received half of SHIB’s total supply upon launch. Buterin decided to burn 90% of the tokens he received. About 410 trillion SHIB tokens were sent to the dead wallet. Also Read: De-Dollarization: BlackRock CEO Speaks On US Dollar’s Future At the time, there was a lot of demand for Shiba I...

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