Connect with us

Crypto

Trump announces US strategic cryptocurrency reserve featuring bitcoin and Ethereum – SiliconANGLE

Published

on

Trump announces US strategic cryptocurrency reserve featuring bitcoin and Ethereum – SiliconANGLE

President Donald Trump announced today the establishment of a U.S. strategic cryptocurrency reserve that will include bitcoin, Ethereum, XRP, Solana and Cardano.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump wrote on Truth Social. “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

In a follow-up post, the President added that “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!”

The reference to the Biden administration refers to various actions taken, mostly by the U.S. Securities and Exchange Commission, against cryptocurrency companies during Biden’s term. During the election campaign, President Trump had promised cryptocurrency fans a much friendlier regulatory regime that would embrace digital assets and even create a “strategic reserve” of bitcoin.

The latter promise, a strategic reserve of bitcoin, has seemingly now turned into something larger, covering a number of leading cryptocurrencies.

Advertisement

With the announcement, the cryptocurrency market saw a significant surge in prices. Bitcoin (BTC) rose by approximately 10% to $94,182, while Ethereum (ETH) increased by about 12%. Other cryptocurrencies included in the reserve experienced even more substantial gains: Ripple (XRP) jumped 30%, Solana (SOL) rose 20% and Cardano (ADA) skyrocketed over 50%.

The announcement of the cryptocurrency reserve was well-received by those in the industry. Federico Brokate, head of the U.S. business at crypto exchange-traded fund issuer 21Shares, told Forbes that “the launch of a U.S. crypto strategic reserve marks a pivotal moment for digital assets, reflecting a major step in the government’s engagement with the crypto industry.”

Non-industry players, however, were not as supportive. Former Google LLC engineer and Kubernetes advocate Kelsey Hightower called the announcement “one of the biggest grifts of all time” on Bluesky.

The announcement of the cryptocurrency reserve comes ahead of the inaugural White House Crypto Summit, scheduled for this coming Friday, March 7. President Trump is hosting the event, which aims to bring together prominent founders, chief executive officers and investors from the cryptocurrency industry, as well as members of the President’s Working Group on Digital Assets.

The summit’s agenda is expected to focus on key topics such as regulatory policies, stablecoin oversight and the potential role of bitcoin in the U.S. financial system.

Advertisement
Image: SiliconANGLE/Ideogram

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU

Crypto

Bitcoin Technical Setup Points to Key Breakout Zone Near $80K

Published

on

Bitcoin Technical Setup Points to Key Breakout Zone Near K

Key Takeaways:

  • Bitcoin holds $78K on May 3, 2026, as market data shows consolidation below $80K resistance.
  • TradingView indicators show 62 RSI and mixed signals, signaling indecision across crypto markets.
  • Bitcoin tests $80K zone; break or rejection may drive next 5% to 10% move in the coming sessions.

Bitcoin Chart Outlook

The daily chart structure for bitcoin reflects a transition phase from a prior macro downtrend into a developing recovery pattern. Price action has established higher lows following a rebound from the $60,000 region, signaling an improving market structure. However, the current range near $78,000 to $79,000 places bitcoin just beneath a significant supply zone between $80,000 and $82,000, where prior distribution occurred.

This positioning suggests that while downside momentum has eased, bullish continuation remains unconfirmed on the higher timeframe. The $72,000 to $74,000 range continues to act as a key demand zone, maintaining structural integrity. A sustained move below $70,000 would weaken the broader recovery thesis and reintroduce downside risk.

BTC/USD 1-day chart via Bitstamp on May 3, 2026.

On the four-hour chart, bitcoin maintains a well-defined upward channel that has been intact since early April. The sequence of higher highs and higher lows reinforces a constructive trend, though momentum appears to be moderating as price approaches overhead resistance.

Bitcoin Technical Setup Points to Key Breakout Zone Near $80K
BTC/USD 4-hour chart via Bitstamp on May 3, 2026.

Immediate resistance is clustered around $79,000 to $80,000, aligning with the upper boundary of the channel. Pullback zones are clearly defined, with $75,000 to $76,000 representing a shallow retracement level, while $72,000 to $73,000 serves as a deeper structural support area. This suggests the market may be entering a consolidation phase before its next directional move.

The one-hour bitcoin chart highlights a tight consolidation range between $77,000 and $79,000, indicating short-term equilibrium between buyers and sellers. A pattern of small higher lows suggests building pressure upward, though a decisive breakout has yet to occur.

Bitcoin Technical Setup Points to Key Breakout Zone Near $80K
BTC/USD 1-hour chart via Bitstamp on May 3, 2026.

A move above $79,500 would likely act as a trigger for momentum expansion, while support at $76,500 to $77,000 defines the lower boundary of the current range. Liquidity appears to be accumulating within this zone, reinforcing the likelihood of a volatility expansion in the near term.

Oscillators present a mixed outlook, reinforcing the market’s indecisive tone. The relative strength index ( RSI) at 62 remains in neutral territory, indicating neither overbought nor oversold conditions. The Stochastic oscillator at 83 also signals neutrality despite nearing elevated levels.

Advertisement

The commodity channel index (CCI) at 102 reflects a negative condition, suggesting short-term overextension, while the average directional index (ADX) at 25 indicates a lack of strong trend conviction. Meanwhile, the Awesome oscillator (AO) prints a positive reading, pointing to underlying momentum support.

Momentum (MOM) shows a bearish signal, and the moving average convergence divergence ( MACD) registers a negative reading as well, indicating fading short-term momentum. Overall, oscillator signals remain balanced, aligning with the observed consolidation across timeframes.

Moving averages (MAs), by contrast, provide a significantly more constructive picture. The exponential moving average (EMA) and simple moving average (SMA) clusters across shorter periods remain firmly below the current price, reinforcing trend support.

The EMA (10) at $77,478 and the SMA (10) at $77,514 both indicate upward alignment. Similarly, the EMA (20) at $76,323 and the SMA (20) at $76,734 continue to support the price structure. Further down the curve, the EMA (50) at $74,219 and the SMA (50) at $72,660 confirm broader trend stability. The EMA (100) at $75,805 and the SMA (100) at $72,186 add to this layered support system.

Advertisement
Strategy Skips Weekly Bitcoin Buy After 108 Total Purchases, 818,334 BTC Holdings

Strategy Skips Weekly Bitcoin Buy After 108 Total Purchases, 818,334 BTC Holdings

Strategy paused bitcoin purchases, shifting market focus to its 818,334 BTC exposure. Michael Saylor confirmed the halt after the company’s…

Read Now

However, longer-term resistance remains evident, with the EMA (200) at $82,127 and the SMA (200) at $83,686 both signaling overhead pressure. This reinforces the importance of the $80,000 to $82,000 zone as a decisive inflection point.

Advertisement

In summary, bitcoin is navigating a technically significant range on Sunday afternoon where short-term indecision contrasts with strong underlying trend support. The market is compressing beneath resistance, setting up a potential breakout or rejection scenario in the sessions ahead.

Continue Reading

Crypto

The Cryptocurrency News That Matters: CLARITY Act Advances While Pepeto, SOL, and XRP Position for What Comes Next

Published

on

The Cryptocurrency News That Matters: CLARITY Act Advances While Pepeto, SOL, and XRP Position for What Comes Next

The CLARITY Act just cleared its biggest hurdle with a stablecoin yield compromise that Coinbase and Circle backed within hours, and this cryptocurrency news could reshape how capital flows through crypto for the rest of the decade. SOL holds $83.60 and XRP sits at $1.38 while the market waits for Senate Banking to act. Raising above $9 million through months of uncertainty, Pepeto https://pepetoswap.com gives holders a full marketplace with exchange tools and a Binance listing that turns every presale wallet into the position the open market prices higher.

What the Latest Cryptocurrency News Says About the CLARITY Act and Market Structure

Senators Tillis and Alsobrooks released a yield compromise in the CLARITY Act on May 2 that bans stablecoin interest payments that copy bank deposits but allows rewards tied to real use according to CoinDesk. Coinbase CEO Brian Armstrong posted “Mark it up” and Circle’s Dante Disparte called the deal meaningful progress according to the same CoinDesk report. The bill reaching markup would give crypto its first full market structure law, and every project with working tools stands to gain the most from the clarity that follows.

How Pepeto, Solana, and XRP Fit Into the Cryptocurrency News Cycle Ahead

Pepeto

Advertisement

When regulation moves forward, the projects that already operate with audited tools and real utility are the ones that gain the most from the new rules. The ones still building have to catch up while the ones already running absorb the capital that clarity brings in.

Pepeto https://pepetoswap.com was designed to be running before the regulation arrived, and the approaching Binance listing is the event that turns a presale marketplace into the open market position every holder has been waiting for.

Analysts project returns between 100x and 300x from the current presale entry of $0.0000001864, and above $9 million raised while the cryptocurrency news cycle focused on fear and uncertainty proves the community behind this project already moved on conviction. The CLARITY Act brings rules, and the projects with live tools and audited contracts meet those rules from day one.

While SOL and XRP wait for regulatory clarity to unlock their next move, Pepeto’s cross chain bridge sends assets between networks at zero cost and PepetoSwap handles trades with zero fees so holders keep every dollar of value when they move between tokens. The cofounder who created the original Pepe coin turned 420 trillion tokens into an $11 billion result with zero products, and the cryptocurrency news pointing to the CLARITY Act is exactly the kind of backdrop that rewards projects with real tools already in place. Staking runs at 176% APY for holders who lock tokens while they wait, and the presale entry shuts permanently the moment the Binance listing opens trading.

https://www.youtube.com/watch?v=gPX8yXeLk00

Advertisement

Solana (SOL)

SOL trades at $83.60 according to CoinMarketCap, down 71% from its $293 all time high. Western Union announced a Solana stablecoin called USDPT launching next month, and the GSR Crypto Core3 ETF now includes SOL alongside BTC and ETH. The headlines favor SOL, but from $83.75 the climb back to $293 takes momentum the current range has not produced.

XRP

XRP trades at $1.38 according to CoinDesk, holding steady after gaining 4% on the week. Whale wallets continue daily accumulation and the CLARITY Act would bring the regulatory clarity Ripple has fought years to achieve. The cryptocurrency news favors XRP’s legal position, but from $1.38 the return to the $3.84 all time high is a 176% climb that depends on events the market has not yet confirmed.

Conclusion

Advertisement

The CLARITY Act advancing is the cryptocurrency news headline that changes everything, because regulatory clarity brings the institutional capital that has been waiting on the side. SOL and XRP both stand to benefit, but from their current prices the upside takes time to arrive.

The rarest combination crypto produces is meme energy plus real tools plus a confirmed exchange listing, and that combination shows up once per cycle if it shows up at all. The Pepeto official website shows every tool live right now, and the wallets inside above $9 million already know what the Binance listing delivers. Moving into the presale now locks in the position that clarity reprices, and the moment the listing arrives the entry cost that exists right now becomes the opportunity no future buyer gets to match.

Click To Visit Pepeto Website To Enter The Presale: https://pepetoswap.com

FAQs

What is the biggest cryptocurrency news today?

Advertisement

The CLARITY Act stablecoin yield compromise advanced with Coinbase and Circle backing, moving crypto closer to its first full market structure law.

How does the cryptocurrency news affect SOL and XRP outlook?

Both tokens gain from regulatory clarity, but SOL sits 71% and XRP 64% below their highs, making the return path slow from current levels.

Where can holders find the strongest presale entry before listing?

The Pepeto official website shows live tools with a SolidProof audit and a Binance listing approaching, giving holders the entry the open market removes.

Advertisement

Disclaimer:

The material in this article is for informational purposes only and should not be interpreted as financial advice. Cryptocurrency investments involve significant market risk and volatility, including the loss of your capital. Always perform your own research or consult a licensed financial expert before making decisions.

Contact: Dani Bonocci

Website: https://www.tokenwire.io

Phone: +971586738991

SOURCE: Pepeto

Press release distribution

This release was published on openPR.

Advertisement
Continue Reading

Crypto

Whale Pulls 1,051 BTC Worth $82.35M From Binance in Single Transaction

Published

on

Whale Pulls 1,051 BTC Worth .35M From Binance in Single Transaction

Key Takeaways:

  • A new wallet pulled 1,051 BTC worth $82.35 million from Binance, per Lookonchain.
  • U.S. bitcoin ETFs recorded $630 million in net inflows on May 1, amplifying the bullish demand signal.
  • Centralized exchanges have shed over $26 billion in bitcoin and ether since January 2026.

New Wallet, Big Move

Onchain intelligence platform Lookonchain flagged the withdrawal, noting that the receiving wallet had been newly created, a common fingerprint of institutional players or high-net-worth individuals seeking to self-custody large holdings outside of exchange infrastructure.

Image source: X

At the prevailing price of approximately $78,000 per bitcoin, the 1,051 BTC haul is valued at roughly $82.35 million. The transaction was confirmed in a single block, and no subsequent movement has been recorded from the destination address, a pattern consistent with long-term storage rather than positioning for a near-term sale.

What Exchange Outflows Tell Us

Large bitcoin withdrawals from centralized exchanges typically pertain to coins that cannot be immediately sold. Sustained outflow trends reduce available sell-side supply and, over time, tend to tighten price floors.

That trend has been running hard in 2026, marked by a massive structural shift away from traditional exchange-held balances. According to CryptoQuant, February alone saw over 31.6 million ETH withdrawn from centralized exchanges, driving reserves to multi-year lows. Analysts attribute this shift to a growing institutional preference for direct custody and regulated vehicles over traditional exchange-held balances.

The timing of today’s withdrawal adds to an already constructive demand picture. On May 1, U.S. bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $630 million, with ether ETFs adding a further $101 million, one of the stronger single-day readings in recent months.

Advertisement
Whale Pulls 1,051 BTC Worth $82.35M From Binance in Single Transaction
Image source: X

Part of a Larger Whale Pattern

Cryptoquant data published earlier this year showed bitcoin whales quietly buying thousands of coins over a two-month window, even as retail sentiment remained cautious. However, institutional accumulation is not one-directional, because a separate investigation tracked a different whale sending 1,000 BTC to Binance and booking a $3.42 million profit, a reminder that large players are actively positioned on both sides of the market simultaneously.

One thing from this latest move is that whoever controls this new wallet has decided not to leave 1,051 bitcoin on an exchange, and at this price level, that decision alone could carry substantial weight.

Continue Reading
Advertisement

Trending