KULR Technology Group Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares are falling in Thursday&#8217;s after-hours session after the company reported worse-than-expected results <a href="https://www.benzinga.com/pressreleases/25/05/g45451959/kulr-technology-group-reports-first-quarter-2025-financial-results">for the first quarter</a>.



Q1 Earnings: KULR Technology reported first-quarter revenue of $2.45 million, missing <a href="http://benzinga.com/quote/KULR/earnings">estimates</a> of $2.85 million, according to Benzinga Pro. The company said total revenue increased 40% year-over-year as product sales jumped 88.7%.



KULR Technology reported a first-quarter loss of seven cents per share, missing estimates for a loss of one cent per share. The higher net loss was primarily driven by a mark-to-market of the company&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings.



&#8220;2025 is a transformational year for KULR and the transformation is well on its way,&#8221; said Michael Mo, CEO of KULR Technology. 



&#8220;With over $100 million in cash and Bitcoin holdings on our balance sheet as of the present day and virtually no debt, we are well capitalized to grow our battery and AI Robotics businesses, while our capital market activities in the foreseeable future are geared to turbocharge our Bitcoin acquisition strategy, establishing KULR as a pioneer BTC-First Bitcoin Treasury Company.&#8221;



KULR Price Action: <a href="http://benzinga.com/quote/KULR">KULR Technology shares</a> were down 19.41% after-hours, trading at $1.23 at the time of publication on Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45449661/eric-trump-bitcoin-accumulation-is-a-race-to-the-top">Eric Trump: Bitcoin Accumulation Is &#8216;A Race To The Top&#8217;</a></li>
</ul>



Photo: creativeneko/Shutterstock.

KULR Technology Group Stock Tumbles On Q1 Earnings, Company Plans To 'Turbocharge' Bitcoin Acquisition Strategy

After a sharp rally over the past three weeks, the cryptocurrency market is entering a consolidation phase, with Bitcoin showing resilience even as Ethereum, XRP, and Dogecoin edge lower. Some analysts believe we may be seeing profit-taking after recent highs.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$102,910.08</td><td>-0.6%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$2,535.58</td><td>-2.9%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>&nbsp;$170.15</td><td>-3.6%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.43</td><td>-4.7%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.2211</td><td>-5.3%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001478</td><td>-6.5%</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows large transaction volume decreasing by 5.1% and daily active addresses falling by 1.9%. Transactions greater than $100,000 are down from 11,891 to 11,304 in a single day. Exchanges netflows are down by 91.5%.</li>



<li>Coinglass data reports 170,572 traders were liquidated in the past 24 hours for $401.84 million.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45446885/mastercard-taps-into-100-million-crypto-users-with-moonpay-partnership">Mastercard Taps Into 100 Million Crypto Users With MoonPay Partnership</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45436694/ethereums-surge-could-kick-off-the-2025-altcoin-bull-market-experts-say">Ethereum&#8217;s Surge Could Kick Off The 2025 &#8216;Altcoin Bull Market&#8217;, Experts Say</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45444794/bitcoin-is-starting-to-outperform-gold-jpmorgan">Bitcoin Is Starting To Outperform Gold: JPMorgan</a></li>



<li><a href="https://www.benzinga.com/25/05/45441382/cardano-surges-amid-new-users-ada-futures-interest-nears-1-billion">Cardano Surges Amid New Users, ADA Futures Interest Nears $1 Billion</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">Coinbase Hit By Data Breach, Refuses To Pay $20M Ransom</a></li>
</ul>



Top Losers":



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Pudgy Penguins (CRYPTO: PENGU)</td><td>$0.01363</td><td>-14.9%</td></tr><tr><td>Theta Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/theta/usd">THETA</a>)</td><td>$0.9069</td><td>-8.7%</td></tr><tr><td>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td><td>$1.01</td><td>-8.7%</td></tr></tbody></table></figure>



Trader Notes: More Crypto Online <a href="https://x.com/Morecryptoonl/status/1923061459375829344">predicts</a> Bitcoin could test $105,700, aligning with the 100% Fibonacci extension, marking a critical resistance zone.



Trader Roman <a href="https://x.com/Roman_Trading/status/1923056678280290366">noted</a> a healthy bounce in price, though he remains cautious, watching whether BTC can hold the consolidation zone into next week.



Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1923041905257894141">highlighted</a> that BTC is far from major liquidity zones and hasn't spent much time at these elevated levels. 



With limited new position buildup post-short squeeze, key levels to watch include resistance above $106,000 and support down at $93,000, the origin of the recent move.



ShardiB2 advised traders to stay focused, saying "Bitcoin looks good—don't get distracted by short-term noise."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Like I keep saying, looks good, don&#39;t get distracted by short term noise <a href="https://t.co/xgc6u6bSbA">https://t.co/xgc6u6bSbA</a> <a href="https://t.co/0xp8wuV4S2">pic.twitter.com/0xp8wuV4S2</a>&mdash; Don&#39;t follow Shardi B if you hate Money (@ShardiB2) <a href="https://twitter.com/ShardiB2/status/1923060961348334004?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto investor Ted Pillows believes BTC may be in the final phase of Wyckoff accumulation, showing strength above $100,000. 



He also pointed to a recent $2 billion USDT mint, signaling new liquidity that could fuel a breakout toward $120,000.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BTC Wyckoff accumulation is in the final phase. Some consolidation is happening above $100K which is a good sign. USDT just minted $2B, and that means liquidity is entering again. I think the next leg up will soon start and send <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> above $120K. <a href="https://t.co/IowicUkiVo">pic.twitter.com/IowicUkiVo</a>&mdash; Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1923008417230196851?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45445674/bitcoin-eyes-108000-but-one-thing-stands-in-the-way">Bitcoin Eyes $108,000, But One Thing Stands In The Way </a></li>
</ul>



Image: Shutterstock

Bitcoin Holding Up While Ethereum, XRP, Dogecoin Dip: 'Don't Get Distracted By Short Term Noise,' Trader Says

Addentax Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>), a China-based diversified business group, stock skyrocketed on Thursday after it announced plans to <a href="https://www.benzinga.com/pressreleases/25/05/n45436963/addentax-group-corp-announces-800-million-plan-to-acquire-bitcoin-btc-and-official-trump-trump">acquire up to $800 million in crypto</a> via a share-based deal. The stock gave up its gains later.



The company announced plans to acquire up to 8,000 Bitcoins and other major cryptocurrencies, worth around $800 million, through a potential share-based transaction, signaling a major strategic pivot into the digital asset space.



The company is negotiating with several influential cryptocurrency holders to purchase up to 8,000 Bitcoins and assets such as the Official Trump coin. Based on current market prices, the estimated value of the proposed acquisition stands at approximately $800 million. While the discussions are advancing, no definitive agreement has been finalized.



ATXG views the potential transaction as a key component of its long-term strategy to expand its presence in the digital asset space. By issuing common stock in exchange for crypto assets, the company aims to strengthen its balance sheet while bringing experienced crypto investors into its shareholder network.



Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/05/45428416/cathie-wood-tesla-palantir-coinbase-shopify-are-tip-of-the-spear-as-innovation-leaves-indexes-sc">Cathie Wood Says Palantir, Tesla, Coinbase And This Amazon Rival Are &#8216;Tip Of The Spear&#8217; As Innovation Disrupts Old World In Equity Benchmarks</a>



The targeted holders, who are believed to collectively control roughly 8,000 Bitcoins, bring substantial expertise and connections within the cryptocurrency industry. ATXG intends to leverage these relationships to deepen its market reach and accelerate growth in the blockchain sector.



CEO Hong Zhida said the move is part of a broader strategy to position Addentax within the evolving digital economy. "This initiative supports the Company's broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem," he said. He added that established digital currencies could serve as stable long-term holdings due to their liquidity and increasing institutional interest.



Related ETFs: Bitwise Crypto Industry Innovators ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NYSE">BITQ</a>), Valkyrie Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTF#NASDAQ">BTF</a>)



Price Action: ATXG shares are trading higher by 75.32% at $1.26 at the last check on Thursday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45427302/anthony-scaramucci-forecasts-bitcoin-will-be-deemed-asset-class-akin-to-gold-when-it-reaches-500000">Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold</a></li>
</ul>



Photo Courtesy: alfernec via Shutterstock

Addentax Takes $800 Million Bet On Bitcoin And Crypto

Eric Trump, executive vice president of the Trump Organization on Thursday described Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accumulation as a &#8220;race to the top,&#8221; highlighting a surge in interest from major institutions and wealthy individuals, signaling a shift in <a href="https://www.benzinga.com/money/bitcoin-price-prediction">attitudes toward digital assets</a>.



What Happened: &#8220;It really is kind of a race to the top right now,&#8221; Trump said during his <a href="https://x.com/WatcherGuru/status/1923070649309761804">remarks</a> at Consensus. &#8220;There's a lot of people who are running very hard at this mission.&#8221;



Drawing on a recent anecdote, Trump said even senior executives at traditional financial institutions, once openly skeptical, are now actively seeking to enter the Bitcoin market. &#8220;A year ago, he was saying, &#8216;Bitcoin's funny money.&#8217; The other day he goes, ‘Eric, where do I buy&#8230; how do I get into this world?'"



Trump said this sentiment shift is consistent across sectors, from Wall Street to global investment offices. &#8220;I hear it from sovereign wealth funds, hear it from the wealthiest families, I hear it from the biggest companies,&#8221; he said.



Why It Matters: The comments come as Bitcoin continues to trade near record highs, supported by rising institutional interest, ETF inflows, and growing recognition of the asset's monetary properties in macroeconomic circles.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45444794/bitcoin-is-starting-to-outperform-gold-jpmorgan">Bitcoin Is Starting To Outperform Gold: JPMorgan</a>



Trump emphasized that legacy resistance is fading, noting that &#8220;people who were staunchly against it&#8230; are coming around in a massive way.&#8221;



While he didn't outline specific investment plans, the tone of his remarks strongly aligned with the broader narrative of capital rotation into crypto from traditional finance. 



"I promise you we're going to beat them in that marathon,&#8221; he said.



Eric Trump serves as a Web3 Ambassador for World Liberty Financial, a Trump-family-led decentralized finance platform. 



He actively promotes its stablecoin and DeFi initiatives, leveraging significant investments and partnerships.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">Coinbase Hit By Data Breach, Refuses To Pay $20M Ransom</a></li>
</ul>



Image: Shutterstock

Eric Trump: Bitcoin Accumulation Is 'A Race To The Top'

According to a <a href="https://explodingtopics.com/blog/messaging-apps-stats#top-messaging-app-statistics-2025-editors-picks">recent report</a> on messaging apps, 2 billion users are engaging with these apps every month. 



Telegram has 900 million monthly users, making it the fourth most used messaging app, but Telegram has the most downloads with 48.4 million per month. Beyond competing with Twitter (X) as the prime source of news and information for the Web3 world, Telegram is a potential source of revenue, with over $8 million/month spent on in-app purchases. 



According to the report, 85% of Telegram users look for news channels. 



An <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41437710/v3v-ventures-invests-5-million-in-premium-telegram-usernames-seizing-unique-advantages-to-">earlier report</a> by CoinGecko showed that 73.8% of crypto users get their blockchain news primarily from social media, with Twitter (X) as the leader (41.7%) and Telegram in second place (21.5%). 



Just 5% get their news from crypto news websites. 



We spoke with <a href="https://www.instagram.com/aleksandr_savieliev">Oleksandr Savieliev</a>,  CEO and Founder of TripleA, a Telegram mini-app and cross-market news aggregator that combines feeds for 90+ sources and uses AI to deliver a targeted mix of crypto, stocks, VC, gaming and more.  



The app offers customizable news feeds, portfolio management tools, and an AI investment assistant for sectors such as crypto, stocks, VC, gambling, MLM and influence markets.



"TripleA is a fully personalized news and analytics platform. Our AI assistant doesn't just surface trending headlines – it learns your behavior across markets, curates relevant stories, removes duplication, and helps you draw cross-sector insights."



 TripleA targets cross-over audiences interested in both traditional finance and digital assets. 



"TripleA is built for a broad, multi-market audience. We're not limiting ourselves to just Web2 or Web3. Of course, Web3 natives like degens are welcome, especially since many already live on Telegram, but we're designing the platform to feel intuitive for both traditional users and decentralized communities. The value is in the curation and personalization," Savieliev said.



AI-driven news personalization could be a significant differentiation from basic RSS readers or Telegram channels because it offers the chance for insight curation, not just news aggregation, letting users control the signal-to-noise ratio.



"It&#8217;s like having a smart research analyst working alongside you. The multi-market integration – crypto, stocks, influencers, VCs, politics, etc. – with predictive analytics and sentiment scoring sets us apart."



The TripleA mini-app is pre-launch and plans to add a Risk Radar. That feature could be handy with news for crypto and other high-risk asset classes.



"We're planning an AI-based &#8220;risk radar&#8221; feature that highlights asset volatility, controversial influencers, or speculative trends – so users can make informed decisions, not emotional ones."



The mini-app has a broad scope. It uses AI to aggregate news from many sources and areas of interest in a customizable way. The app is also transactional.



"Our investment assistant is designed to simplify complex portfolio tracking. It pulls in your public wallet data and allows you to monitor your holdings – across multiple blockchains and markets – within a single dashboard. It doesn't require custody, so it's safe. Initially, we'll support basic tracking and TON-native transactions to comply with the ecosystem. Later, we'll integrate broader EVM-compatible wallets for in-app portfolio actions, but always in a non-custodial, privacy-first manner."



Before founding TripleA, Savieliev previously led Infine IT, an enterprise tech builder, and co-founded, then exited, a media channel called All-Seeing Eye. 



Savieliev emphasizes speed to market and execution and sees TripleA as a game-changer. 



"TripleA isn't just another app. It's a mission to redefine how people consume information in an era of overload. Whether you're checking the news, analyzing investments, or trying to keep up with a volatile market, we want to be the platform you trust. With our AI, cross-platform flexibility, and future-focused design, we're building more than a tool – we're building an ecosystem of insight."



It is notable that although TripleA appeals to a Web3 and mainstream audience, the project makes judicious compromises around decentralization. "TripleA is a hybrid by design. The front end and user experience are streamlined and centralized to deliver speed and usability. But we integrate decentralized technologies where they matter – like wallet tracking, data ownership, and smart contract-based rankings or incentives. Our goal isn't to decentralize everything – it's to make intelligence and personalization accessible while honoring Web3 values like privacy, control, and transparency."



Savieliev says his leadership is informed by a personal focus on meditation and consciousness-expanding practices, including ayahuasca ceremonies, which he credits with deepening his self-awareness.



TripleA is currently in its Minimum Viable Product (MVP) phase but claims it has seen pre-launch interest especially in Europe, Southeast Asia, and Latin America.  



To serve these markets, it plans to add a number of languages beyond English. 



The team is ready to scale for global adoption, and say it is on track to onboard its first 10,000 users in the next few months.



Image courtesy of Oleksandr Savieliev.

Oleksandr Savieliev Says Your Telegram Feed Is About To Get Smarter

Two executives with ties to President Donald Trump and Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have a new SPAC offering targeting <a href="https://www.benzinga.com/news/ipos/25/03/44367379/global-client-advisory-group-affiliate-files-for-175-million-ipo-targeting-crypto-digital-security-ventures">the cryptocurrency market.</a>



With several stocks soaring on recent crypto-related mergers, could this be a SPAC to watch?



The SPAC Offering: On Thursday, Renatus Tactical Acquisition Corp I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTACU#NASDAQ">RTACU</a>) began trading. The units consist of one common share (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTAC#NASDAQ">RTAC</a>) and one-half of a redeemable warrant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTAW#NASDAQ">RTAW</a>).



After announcing a 17.5 million offering at $10 per unit to raise $175 million, the offering was upsized to 21 million shares <a href="https://www.businesswire.com/news/home/20250513920321/en/Renatus-Tactical-Acquisition-Corp-I-Announces-Pricing-of-Upsized-%24210-Million-Initial-Public-Offering">raising </a>$210 million.



While SPACs have received less attention in recent years, this particular blank check company, given its two names attached, could quickly attract investors&#8217; attention.



Among the names involved in the sponsor companies of the SPAC deal are Eric Swider and Devin Nunes. Swider is the former CEO of Digital World Acquisition Corporation. The company, referred to as DWAC, was a SPAC that took Trump's media company Trump Media &amp; Technology Group public. 



Swider and Nunes currently <a href="https://ir.tmtgcorp.com/corporate-governance/board-of-directors/">serve </a>as director and CEO of Trump Media &amp; Technology Group, respectively. For the new SPAC, Swider <a href="https://www.sec.gov/edgar/browse/?CIK=0002035173">serves</a> as CEO while Nunes is chairman.



SPAC expert and Accelerate CEO Julian Klymochko <a href="https://x.com/JulianKlymochko/status/1922987358086893655">highlighted </a>the offering in a tweet Thursday.



"The former CEO of $DWAC, Eric Swider, along with the current CEO of $DJT, Devin Nunes, launched a new SPAC, Renatus Tactical Acquisition I. It IPO'd today. Its focus is on the crypto industry in the U.S. It's one to watch!" Klymochko tweeted.



Read Also: <a href="https://www.benzinga.com/24/12/42498758/truth-social-ceo-nunes-to-head-trumps-intelligence-advisory-board">Truth Social CEO Nunes to Head Trump&#8217;s Intelligence Advisory Board</a>



The SPAC Target Market: The SPAC could target a merger in any industry, sector or geographic region. However, the prospectus indicates a focus on finding a company in the cryptocurrency or blockchain space in the United States. Data security and dual-use technologies are also listed as potential target areas for a deal.



"We intend to capitalize on the ability of our management team to identify, acquire and operate a business or businesses that can benefit from our management team's established global relationships, sector expertise and active management and operating experience," the prospectus reads.



The SPAC is targeting a company valued between $500 million and $5 billion.



The prospectus also highlights Trump's positive push for cryptocurrency and the growing market opportunity for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies. It recalls the recent executive order to create a strategic Bitcoin reserve by <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">stockpiling cryptocurrency assets</a>. 



Why It's Important: The timing of the public offering could be a strong setup for the management team and investors with several recent crypto-related merger announcements seeing shares trade significantly higher and receive increased attention.



Here are some of the recent deals:



<ul class="wp-block-list">
<li>Bitcoin holding company Twenty One <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44975441/cantor-fitzgerald-backed-twenty-one-launches-strategy-rival-at-3-billion-valuation">announced a SPAC merger</a> with Cantor Equity Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>) with a target of holding 42,000 Bitcoin. The merger includes backing from Tether, SoftBank Group and Jack Mallers, who will serve as CEO. After the merger, the company will trade as "XXI" on the Nasdaq and could be one of the largest public holders of Bitcoin.</li>



<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) <a href="https://www.benzinga.com/news/contracts/25/05/45260992/asset-entities-stock-rockets-higher-on-merger-deal-to-form-bitcoin-treasury-company">announced a merger</a> with Strive Asset Management to become a public Bitcoin holding company on the Nasdaq.</li>



<li>Nakamoto Holdings <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45352237/nakamoto-holdings-raises-710m-merges-with-kindlymd-to-build-bitcoin-treasury-holding-company">announced a merger</a> with Kindly MD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) in a deal that will see the newly formed company be a Bitcoin holding company. Nakamoto comes from the mind of Bitcoin Magazine CEO and Trump crypto advisor David Bailey, who will serve as CEO.</li>



<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) recently <a href="https://www.benzinga.com/news/small-cap/25/05/45347101/gryphon-digital-to-take-trump-affiliated-american-bitcoin-public-in-merger-deal-stock-soars">announced a merger </a>with American Bitcoin, a subsidiary of Hut 8 Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>). American Bitcoin was launched in collaboration between Hut 8 and Eric Trump earlier this year. The new company will trade on the Nasdaq with the ticker "ABTC."</li>
</ul>



While not all of these were SPAC mergers, these stocks all saw shares trade higher on deal announcements, illustrating investors appetite for crypto-related mergers.



Price Action: Renatus Tactical Acquisition Corp units trade at $10.88 Thursday and have traded between $10.60 and $10.99 since going public.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/21/12/24526791/5-things-you-might-not-know-about-devin-nunes-ceo-of-trump-media-technology-group">5 Things You Might Not Know About Devin Nunes, CEO Of Trump Media &amp; Technology Group</a></li>
</ul>



Image: Shutterstock

Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent surge to $104,000 has been driven primarily <a href="https://www.benzinga.com/money/bitcoin-price-prediction">by spot accumulation</a> and a notable reduction in sell-side pressure, according to Glassnode's market report released Thursday.



What Happened: A key short-term support level has emerged around $93,000–$95,000, with both on-chain and exchange data suggesting that recent buyers are defending this cost basis zone.



&#8220;A key accumulation zone emerged between $93k and $95k,&#8221; the report <a href="https://insights.glassnode.com/the-week-onchain-week-19-2025/?utm_campaign=WoC_19_25&amp;utm_medium=email&amp;utm_source=newsletter">notes</a>, adding that this range aligns closely with the Short-Term Holder (STH) cost basis, which includes investors who entered the market in the past five months.



Glassnode analysts highlight that this zone is likely to act as a structural support during pullbacks. "This range&#8230; represents a demand zone where investors are likely to see value once again," they wrote.



Supporting this, net buying pressure has intensified on U.S. exchange Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), while selling on Binance has sharply declined. "Coinbase has experienced a regime of consistent net buying&#8230; Binance markets have transitioned from intense net selling&#8230; to a milder -$9M daily today."



In derivatives markets, perpetual futures open interest has dropped by 10% from its peak, signaling a short squeeze and cleansing of excessive short-side leverage. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45438872/want-to-copytrade-the-trump-linked-world-liberty-financial-portfolio-dont-be-so-sure">Want To Copytrade The Trump-Linked World Liberty Financial Portfolio? Don&#8217;t Be So Sure</a>



WHy It MattersL This positions the market for a more sustainable uptrend.



"These types of shakeouts are characteristic of healthy resets&#8230; often seen during the early phases of a new market trend," the report states.



While ETF inflows have slowed from a peak of $389 million/day to around $58 million/day, demand remains strong. Glassnode points out that this institutional participation reflects a longer-term conviction in Bitcoin, echoing inflow patterns from earlier rallies in 2024.



Options market data also shows traders leaning bullish. 



The 1-month 25 Delta Skew stands at -6.1%, indicating traders are paying more for calls than puts, a classic sign of upside speculation.



The report further states that Bitcoin's upward momentum is well-supported. 



As long as the cost basis support zone holds and derivatives markets continue to stabilize, the rally may remain intact even as the asset approaches its all-time high near $109,000.



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Image: Shutterstock

Bitcoin Rally Supported By $95,000 Cost Basis Zone: Report

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is catching traders' attention again as its current price action closely resembles a major historical pattern that led to <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">explosive gains in the past</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2282</td><td>-1.2%</td><td>+19.7%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001519</td><td>-2.9%</td><td>+9%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.00001396</td><td>+1.8%</td><td>+36.6%</td></tr></tbody></table></figure>



Trader Notes: Trader Tardigrade dubbed this setup "Dogecoin Super Cycle 2," suggesting DOGE is at a key accumulation phase similar to the lead-up before its massive 2021 rally. 



Drawing parallels to the 2014–2018 macro pattern, Tardigrade believes the current structure implies substantial upside in the coming months.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> repeats the macro chart pattern in 2014-2018 &#x1f525;<a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> <a href="https://t.co/IoUwomhopW">pic.twitter.com/IoUwomhopW</a>&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1923015587145580923?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



According to Bitcoinsensus, DOGE has already <a href="https://x.com/Bitcoinsensus/status/1923004315431518255">broken</a> out of a falling wedge, a bullish continuation pattern, and is now consolidating within a bull flag. The next technical target is $0.305, based on the measured move from the wedge breakout.



Similarly, Bluntz Capital <a href="https://x.com/Bluntz_Capital/status/1922845477512372626">remains</a> bullish, noting a classic inverse head and shoulders pattern with strong breakout volume. 



The ongoing pullback, he said, is healthy and could set the stage for further upside.



Statistics: Coinglass data shows Dogecoin liquidations in the past 24 hours stands at $13.4 million with long liquidations of $10.7 million. Open interest spiked to $3.03 billion.



Community News: In a recent post, 21Shares <a href="https://x.com/21Shares/status/1923021667254542341">highlighted</a> Dogecoin's cultural relevance, noting it "captures the spirit of the internet—from powering payments to supporting global causes."



The 21Shares Dogecoin ETP currently manages $2.15 million in assets, with a NAV of $7.66 as of May 14. The fund has returned 53.3% YTD, with a 2.2% daily gain.



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Dogecoin Down 1% But This Pattern Signals A Breakout Is Imminent

Mastercard Incorporated (NYSE: MA) announced on Thursday that it is <a href="https://www.mastercard.com/news/press/2025/may/mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments/" target="_blank" rel="noreferrer noopener">partnering</a> with crypto infrastructure company MoonPay to launch stablecoin-based payment solutions for global use. The company said the collaboration aims to bridge traditional finance with the crypto economy.



The partnership allows fintechs and enterprises to issue Mastercard-branded cards linked to stablecoin balances.



These cards will automatically convert stablecoins into fiat currency, making them usable at more than 150 million merchant locations worldwide.



Also Read: <a href="https://www.benzinga.com/25/05/45340947/mastercard-cfo-sees-paradigm-shift-away-from-web-browsers-for-shopping-says-ai-will-soon-let-people-shop-and-pay-through-chat" target="_blank" rel="noreferrer noopener">Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: &#8216;Paradigm Shift&#8217; Unfolding</a>



MoonPay will utilize API technology from Iron, a company it recently acquired, to support these transactions.



The system will transform crypto wallets into functional digital accounts, streamlining international payments and enabling faster, more efficient disbursements, particularly for freelancers, gig workers, and digital creators.



Combining Mastercard&#8217;s extensive payment infrastructure with MoonPay&#8217;s crypto user base of over 100 million, the initiative seeks to expand stablecoin adoption.



With around 20 million wallets transacting in stablecoins monthly and 120 million holding such assets, the demand for spendable digital currencies is rising.



Scott Abrahams, Mastercard&#8217;s executive vice president of Global Partnerships, stated that the goal is to &#8220;unlock stablecoin utility and ubiquity&#8221; and reshape how cross-border payments operate.



Ivan Soto-Wright, MoonPay&#8217;s CEO, highlighted that the partnership will bring &#8220;trusted stablecoin-enabled cards&#8221; to the global crypto community.



By enabling real-time conversion of crypto to fiat, the initiative is a major step in integrating digital assets into mainstream finance.



According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, MA stock has gained over 26% in the past year. Investors can gain exposure to the stock via&nbsp;iShares Long-Term U.S. Equity Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).



Price Action: MA shares are trading higher by 1.29% to $580.68 at last check on Thursday.



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Mastercard Taps Into 100 Million Crypto Users With MoonPay Partnership

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to hover near key resistance levels, and while the path to $108,000 appears increasingly clear, traders are bracing for a short-term slowdown <a href="https://www.benzinga.com/money/bitcoin-price-prediction">before the next big move</a>.



What Happened: Crypto analyst Emperor <a href="https://x.com/EmperorBTC/status/1923026032573268309">noted</a> that Bitcoin has reclaimed a previous trading range and is now forming a new one between $94,000 and $108,000. 



The rapid recovery to the top of this range suggests the market is entering a temporary consolidation phase.



According to Emperor, immediate price targets include the $99,350 node point of control (nPOC) and the $107,000–$108,000 zone. 



While there's minimal resistance ahead, some ask walls have formed near $104,000–$104,500, if broken, price action could accelerate quickly to $108,000.



He adds that technical and volume support sits firmly between $98,000 and $99,000, aligned with Fibonacci retracements and prior key resistance-turned-support zones. 



Any sharp pullback into this zone, he suggests, would be a buy-the-dip opportunity, although he doesn't anticipate it yet.



Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45433455/arthur-hayes-predicts-bitcoin-to-hit-1-million-by-2028">Arthur Hayes Predicts Bitcoin To Hit $1 Million By 2028</a>



What's Next: Echoing this cautious optimism, Inmortal Crypto expects a brief dip before the next major push to $120,000, suggesting the current zone is more of a cooling-off phase than a reversal.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">102k → 96k → 120k<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/itJ4uWGpsH">pic.twitter.com/itJ4uWGpsH</a>&mdash; Inmortal (@inmortalcrypto) <a href="https://twitter.com/inmortalcrypto/status/1923017189713465854?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, trader Kevin flagged the area around $106,800 as a "critical test zone," reiterating his previous warnings that this remains major resistance. 



He emphasized that while momentum is bullish, traders should remain cautious here as Bitcoin faces one of its most important levels of the year.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nothing has changed I have pointed numerous times over this year how big of a resistance zone this is for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>. Be cautious in this zone is all you can do. This is where we will find out what BTC is made of. &#x1f91d; <a href="https://t.co/nCbDcvXgG0">https://t.co/nCbDcvXgG0</a>&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1923022711124615459?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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Bitcoin Eyes $108,000, But One Thing Stands In The Way

After rising in tandem last year as hedges against currency depreciation, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and gold are <a href="https://www.benzinga.com/25/05/45410910/bitcoin-considered-digital-gold-while-it-reaches-103k">no longer moving in sync.</a>



What Happened: According to JPMorgan, the two assets have entered a zero-sum phase in 2025, with gains in one increasingly coming at the other's expense, The Block <a href="https://www.theblock.co/post/354496/jpmorgan-bitcoin-more-upside-gold-h2-2025?utm_source=twitter&amp;utm_medium=social">reported</a>.



JPMorgan analysts, led by managing director Nikolaos Panigirtzoglou, noted a reversal in capital flows in recent months. 



From mid-February to mid-April, gold outperformed while Bitcoin lagged. 



But since late April, the trend has flipped: Bitcoin has climbed 18% while gold has dropped nearly 8%. 



Investor flows and futures data support this divergence, with capital leaving gold ETFs and entering Bitcoin funds.



The bank's strategists expect this competitive dynamic between the two assets to persist through the remainder of the year, though they see more potential upside for Bitcoin. 



&#8220;We are biased towards crypto-specific catalysts creating more upside for Bitcoin over gold into the second half of the year,&#8221; the note said.



One major factor behind Bitcoin's rise is increased institutional and public sector adoption. 



Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Metaplanet have continued accumulating Bitcoin aggressively.



Strategy alone has already secured 60% of its $42 billion goal for Bitcoin purchases, targeting completion by 2027.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">Coinbase Hit By Data Breach, Refuses To Pay $20M Ransom</a>



Why It Matters: U.S. states are also starting to allocate to Bitcoin.



New Hampshire now permits up to 5% of state assets in Bitcoin and gold, and Arizona is establishing a digital asset reserve fueled by staking yields and token airdrops, while pledging to hold taxes steady.



These developments signal growing acceptance of Bitcoin as a strategic reserve asset. 



JPMorgan believes this trend may become more significant if more states follow suit.



At the same time, structural changes in the crypto derivatives market are boosting investor confidence. 



Coinbase's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) acquisition of Deribit, Kraken's purchase of NinjaTrader, and Gemini's expansion into European derivatives licensing are seen as milestones that could usher in greater institutional engagement, particularly as regulatory clarity improves.



Altogether, with gold under pressure and Bitcoin buoyed by sector-specific growth, JPMorgan sees the second half of the year tilting in favor of the leading cryptocurrency.



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Bitcoin Is Starting To Outperform Gold: JPMorgan

Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Thursday disclosed a material cybersecurity incident involving insider abuse and data theft, leading to a $20 million Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ransom demand from <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44696126/trump-administration-shuts-down-the-department-of-justices-crypto-crime-unit">a threat actor</a>.



The company has refused to pay, instead placing a $20 million bounty for information leading to the arrest and conviction of the perpetrators.



In a Form 8-K <a href="https://www.sec.gov/Archives/edgar/data/1679788/000167978825000094/coin-20250514.htm?7194ef805fa2d04b0f7e8c9521f97343">filed</a> with the U.S. Securities and Exchange Commission on May 15, Coinbase revealed that attackers had bribed overseas support contractors to exfiltrate internal documentation and personal user data, including names, contact details, masked bank and SSN data and government IDs.



The breach affected less than 1% of monthly transacting users, according to the company.



Coinbase CEO Brian Armstrong addressed the incident publicly, <a href="https://x.com/brian_armstrong/status/1922967787309256807">saying</a>, "We are not going to pay your ransom&#8230; Instead, we're putting out a $20 million award for any information leading to the arrest and conviction of these attackers."



Armstrong explained that the attackers sought out weak links by targeting third-party customer support agents overseas. 



While no passwords, private keys, or funds were accessed, he acknowledged the real threat of social engineering attempts using leaked personal data.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45433455/arthur-hayes-predicts-bitcoin-to-hit-1-million-by-2028">Arthur Hayes Predicts Bitcoin To Hit $1 Million By 2028</a>



"Unfortunately, they were able to find a few bad apples&#8230; this is still unacceptable," Armstrong said.



Coinbase&#8217;s security systems had previously flagged and terminated some of the compromised contractors. 



Since receiving the ransom email on May 11, the company has launched a full investigation and is working with law enforcement.



Affected customers were notified, and Coinbase will reimburse any user who lost funds as a direct result of the breach, Armstrong confirmed. 



Additional measures include relocating parts of the customer support operation to the U.S. and tightening internal access controls.



The company has not experienced any material operational disruption, but said it expects to incur between $180 million and $400 million in expenses related to remediation and reimbursements.



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Coinbase Hit By Data Breach, Refuses To Pay $20M Ransom

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is trading 4.50% higher at $2,610.05, capping off its seven-day rally at 42.19% and extending its <a href="https://www.benzinga.com/money/how-to-buy-ethereum">monthly gain to over 55%</a>. The rally is fueled by $560 million in institutional inflows, technical upgrades like Pectra, and speculation around SEC's spot ETF approval, reigniting bullish sentiment across the crypto market.



At the center of the rally is a surge in whale accumulation. The Defiant reports Abraxas Capital purchased more than $477 million worth of ETH over the past week, snapping up around 211,000 tokens. Grayscale followed suit, adding another $83 million in Ethereum to its holdings.



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BlackRock filed an amendment to its iShares Ethereum Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>), seeking approval for in-kind redemptions. If approved, it would allow investors to swap ETF shares for ETH instead of cash, improving tax efficiency and providing direct market exposure.&nbsp;



In anticipation, the firm has added roughly 7,976 ETH (valued at around $18.9 million) to its holdings.



The institutional interest contrasts with the current state of Bitcoin ETFs. According to The Block, spot Bitcoin products saw $96 million in net outflows this week. The rotation of capital into Ethereum and other altcoins reflects a broader shift in sentiment.&nbsp;



Ethereum&#8217;s market cap climbs above $306 billion, overtaking Alibaba, putting ETH in the same conversation as some of the world&#8217;s largest tech giants.



Beyond headline flows, Ethereum is also benefiting from internal tailwinds. Recent network upgrades, particularly the Pectra release, have helped reduce average transaction fees by over 30%, according to CoinMarketCap Community reports. A drop in costs has revived activity across decentralized finance (DeFi) platforms, with protocols like Aave and Uniswap recording sharp increases in total value locked. Lower fees combined with renewed liquidity suggest Ethereum is rising on hype and usage.



ETF analysts, Eric Balchunas and James Seyffart, have pegged November 10 as a likely date for SEC approval of Ethereum spot ETFs with in-kind redemptions. It could act as a key catalyst, particularly if institutions ramp up allocations in anticipation.&nbsp;



Traders are watching $2,800 as a resistance level to reclaim, with $3,000 seen as a potential psychological breakout zone. Failure to hold current levels could bring a retest of $2,400, but sentiment remains notably bullish.



Ethereum appears to be entering a new phase—one defined less by speculation and more by strategic adoption.&nbsp;



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Ethereum Price Soars on Institutional Inflows and SEC's ETF Approval Momentum

Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) has jumped over 40% in the last week, but traders are split on whether this rally has more room to run or if <a href="https://www.benzinga.com/money/pepe-price-prediction">a correction is imminent</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.00001358</td><td>$5.7 billion</td><td>-2.6%</td><td>+43.7%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2239</td><td>$33.4 billion</td><td>-5.2%</td><td>+21.5%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001488</td><td>$8.8 billion</td><td>-6.4%</td><td>+10.2%</td></tr></tbody></table></figure>



Trader Notes: In a X <a href="https://x.com/MaxBecauseBTC/status/1922477456352547308">post</a> on May 14, MaxBecauseBTC pointed out that short-term PEPE holders, wallets that bought within the last 30 days, are beginning to climb again after four months of decline.



Historically, this kind of growth has preceded strong price moves, signaling that speculative interest is back and potentially fueling the current rally.



Despite this, Ali Martinez flagged a cautionary signal. The TD Sequential indicator on PEPE's daily chart is now flashing a sell signal, suggesting a potential near-term pullback.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential has been spot-on with <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> daily chart. And it's now flashing a sell signal, suggesting a potential pullback ahead. <a href="https://t.co/3aTrPUHI4A">pic.twitter.com/3aTrPUHI4A</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1922970464709751033?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, trader Koala <a href="https://x.com/trader_koala/status/1922764634018197754">remains</a> bullish. He believes the strategy for PEPE is similar to other altcoins—buy on structural breakouts and target previous highs.



 According to him, the coin has formed solid support and could soon push toward recent resistance levels.



Statistics: According to Onchain Lens, a whale <a href="https://x.com/OnchainLens/status/1922998681042813013">withdrew</a> 581.1 billion PEPE (~$7.94 million) from Binance, often a signal of long-term positioning.



Coinglss data shows shows PEPE's open interest hit an all-time high of $582 million on May 11, signaling intense market participation. It currently remains elevated at $571 million.



IntoTheBlock data shows Pepe's large transaction volume and daily active addresses down by 25.8% and 16%, respectively. 



Transactions greater than $100,000 are down from 533 to 417. 



67% of PEPE holders are in profit, while 7% are at breakeven, indicating substantial gains across the board.



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<a href="https://www.benzinga.com/25/05/45312897/did-trump-backed-world-liberty-financial-bought-35-million-in-eth-heres-what-on-chain-data-says">World Liberty Financial</a>, a decentralized finance venture closely tied to the Trump family, has experienced a rollercoaster with its cryptocurrency investments, reflecting the volatile nature of the market.



The firm, which has garnered attention due to its high-profile endorsement, holds a diverse portfolio of digital assets, with recent market upticks lifting some tokens into positive territory while others continue to struggle.



The <a href="https://protos.com/trump-world-liberty-portfolio-mixed/">portfolio</a>, comprising 10 cryptocurrency assets, has seen four tokens yield gains since their acquisition. 



Leading the pack is SEI, which has surged by more than 67%, showcasing strong performance in the recovering crypto landscape. 



Other assets posting gains include SUI (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>), TRX (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), founded by crypto entrepreneur Justin Sun and WBTC, advised by Sun. 



These successes align with a broader market rebound, boosting optimism among investors.



However, not all investments have fared well. MOVE, the portfolio's weakest performer, has plummeted over 70% in value since acquisition. 



The token is linked to Movement Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOVE</a>), a project mired in controversy after a questionable deal with a market maker accused of dumping tokens for profit. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45433455/arthur-hayes-predicts-bitcoin-to-hit-1-million-by-2028">Arthur Hayes Predicts Bitcoin To Hit $1 Million By 2028</a>



Allegations of market manipulation surfaced, with industry figure Zaki Manian claiming the deal aimed to artificially inflate the token's value before offloading it to retail investors. 



Movement Labs has since parted ways with co-founder Rushi Manche, but the damage to MOVE's value persists.



World Liberty Financial's tokenholders have expressed frustration over their lack of influence, as they are unable to vote on portfolio decisions. 



Additionally, an AAVE (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>) instance approved by token holders in December 2024 remains unlaunched, adding to concerns about the firm's operational transparency.



The firm's prominence is amplified by former President Donald Trump's vocal support for cryptocurrencies. 



This enthusiasm points to the Trump family's backing of World Liberty Financial, positioning it as a notable player in the crypto space despite its mixed investment outcomes. 



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