Crypto News
Trump Family-Linked World Liberty Snaps Up 3.54M MNT Tokens After Mantle’s Hard Fork
World Liberty Financial (WLFI), a DeFi project backed by President Donald Trump's family, has acquired substantial amounts of Mantle's MNT token following last week's major technological upgrade of the network.WLFI purchased about 3.54 million MNT for nearly $3 million USDC for an average purchase price of 84 cents, according to data sources Lookonchain and Arkham Intelligence.The recent purchase has increased WLFI's coin holdings, which include tokens like ETH, WBTC, TRX, LINK, AAVE, ENA, and others, to over $340 million. However, the Trump family-backed outlet still faced a paper loss of $111 million as of writing.MNT is the native cryptocurrency of the Mantle Network, serving as a utility token for gas fees and a governance token for the layer 2 ecosystem...
White House to Scale Back Tariffs, Bitcoin Gains on Eased Economic Jitters
The Trump administration is reportedly taking a targeted approach to key trading partners, easing recession fears and lifting Bitcoin sentiment.Source link
Philippines’ Largest Digital Wallet GCash Adds USDC Support
GCash, the largest digital wallet in the Philippines, has announced support for stablecoins via USDC.Publicly available data shows that GCash, which is similar to China's Alipay or WeChat Pay, does over $65 billion (3.8 trillion Philippine Pesos) in annual transaction volume.Filipino remittances reached a record $38.3 billion in 2024, and account for approximately 8%-10% of the country's GDP. Alipay owner-Ant Group, Ayala Corporation and Manilla-based Globe Telecom's 917Ventures own GCash operator Mynt. GCash offers crypto services via its GCrypto subsidiary, which has partnered with locally licensed crypto exchange PDAX.In total GCrypto offers 39 different assets to trade on its platform, including Paypal's PYUSD stablecoin. Stablecoin-based transfers are growing as a share of the market but remain relatively small, with less...
XRP Could Hit $10 by 2030 as Ripple Wraps Up SEC Case: Analyst
XRP is gaining momentum among bulls as the U.S. Securities and Exchange Commission (SEC) dropped its long-standing lawsuit against Ripple Labs last week, marking a fundamental shift for the token.The resolution has sparked optimism among XRP watchers, with analysts eyeing a potential climb to $10 by 2030, driven by regulatory clarity, the adoption of Ripple’s RLUSD stablecoin, and the possibility of a Ripple Labs IPO.Bitget’s Ryan Lee noted a breakout from the current trading range of $2.35 to $2.55 could lead to extensive moves in either direction.“Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” Lee said, adding, “Long-term forecasts suggest $4.20-$10+ by 2030 if Ripple capitalizes on payment adoption, though $2.50 remains a pivotal...
TRUMP Token Pops 12% as the President Calls it ‘The Greatest of Them All’
Donald Trump's presidential memecoin was the best performing digital asset, according to CoinGecko data, as of midday East Asia time, after Trump made a Truth Social post calling it "the greatest of them all" and "cool."Market data shows that in the minutes after Trump made the post, his eponymous cryptocurrency went from around $10.93 to approximately $12.25, for a 12% rise. After a brief sell-off, the $TRUMP token is trading at $11.91, or, up around 9%.According to CoinGecko, this makes it the best performing crypto of the Asia trading day. Ethena is up 8.9%, Bonk is up 8%, and Mantle is up 7% .The CoinDesk 20, a measure of the performance of the largest digital assets, is up around 2%.It's...