Dogecoin (DOGE) Soars 25% in a Month, But Key Indicator Flashes a Sell Signal

• Dogecoin (DOGE) has surged 25% over the past month, outperforming major cryptocurrencies like Bitcoin and Ethereum, currently trading at around $0.114.
• Technical indicators, including the TD Sequential and a high Relative Strength Index (RSI) of 88, suggest a potential price correction may be imminent.
• Despite bearish signals, some analysts remain optimistic about DOGE's future, with predictions of significant price increases, although extreme targets like $12 seem unlikely given current market conditions.

https://cryptopotato.com/dogecoin-doge-soars-25-in-a-month-but-key-indicator-flashes-a-sell-signal/

CLARITY Act Faces Wave of Amendments Ahead of Markup

• The Senate Banking Committee's CLARITY Act is facing significant opposition, with over 100 amendments proposed, including more than 40 from Senator Elizabeth Warren, who is pushing for stricter regulations.
• The American Bankers Association has sent over 8,000 letters to Senate offices advocating for changes to the bill's stablecoin yield rules, while crypto advocates counter with their own lobbying efforts.
• Key amendments include prohibiting crypto as legal tender and barring the Federal Reserve from issuing master accounts to crypto firms, creating a contentious divide between banking interests and the crypto sector.

https://cryptopotato.com/clarity-act-faces-wave-of-amendments-ahead-of-markup/

ZachXBT Links Teen Crypto Flaunter to $19M Theft Network

• Blockchain investigator ZachXBT has linked Dritan Kapllani Jr. to over $19 million in crypto thefts through social engineering attacks, showcasing a lavish lifestyle on social media.
• Dritan allegedly displayed a wallet with $3.68 million during a Discord call, which was connected to a major Bitcoin theft of 185 BTC worth around $13 million.
• He is identified as "Co-Conspirator 1" in a criminal complaint related to the theft, while also being linked to previous thefts totaling over $5.85 million, with charges delayed due to his minor status until recently.

https://cryptopotato.com/zachxbt-links-teen-crypto-flaunter-to-19m-theft-network/

Why Is XRP Special and Unique? Garlinghouse Reveals Ripple’s Biggest Advantages

• Ripple's CEO highlighted XRP's unique features, including rapid transaction speeds (3-5 seconds), low costs (fractions of a penny), and strong scalability with over 4 billion transactions.
• The XRP community, referred to as the "XRP family," plays a significant role in the token's identity and potential for future success.
• XRP's recent price movements show a decline below $1.45, losing its fourth market cap position to BNB, with analysts noting the need to maintain above $1.445 for a potential breakout.

https://cryptopotato.com/why-is-xrp-special-and-unique-garlinghouse-reveals-ripples-biggest-advantages/

Ripple CTO Emeritus Issues Urgent Warning About XRP Scams

• Ripple's CTO Emeritus, David Schwartz, has warned of a significant rise in airdrop and giveaway scams targeting XRPL users, urging caution among the community.
• Scammers are impersonating Ripple and its executives on social media, promoting fraudulent schemes that promise free tokens in exchange for sending cryptocurrency.
• Schwartz emphasized that Ripple has never conducted airdrops, and any claims of such initiatives are likely scams, advising users to stay vigilant against impersonators.

https://cryptopotato.com/ripple-cto-emeritus-issues-urgent-warning-about-xrp-scams/

BNB Pulls Further Ahead of XRP as Bitcoin Falls Below $80K: Market Watch

• Bitcoin faced significant volatility, dropping to a 10-day low of under $79,000 after failing to break resistance at $81,000.
• Most major altcoins, including SOL and UNI, experienced declines, with the total crypto market cap falling below $2.750 trillion.
• Binance Coin has overtaken XRP in market cap, rising over 9% in the past month, while Ethereum and other altcoins also saw losses.

https://cryptopotato.com/bnb-pulls-further-ahead-of-xrp-as-bitcoin-falls-below-80k-market-watch/

Cardano Whales Keep Buying as ADA Crashes 71% in 9 Months

• Large holders of Cardano (ADA) have been increasing their holdings, now controlling 67.47% of the circulating supply despite a 70% drop in market cap over the past nine months.
• Crypto analyst Ali Martinez highlights the $0.25 support level as crucial for ADA's price, suggesting that maintaining this level could lead to potential rallies toward $0.36 or $0.53.
• Cardano founder Charles Hoskinson defends the network's scaling efforts, stating that ongoing research and development have not been compromised by governance initiatives.

https://cryptopotato.com/cardano-whales-keep-buying-as-ada-crashes-71-in-9-months/

Bitcoin’s Drop Below $80K Was Not Random: Here Are the 3 Hidden Triggers

• Bitcoin experienced a drop below $79,000 due to a combination of reduced exchange outflows, increased short positions in the derivatives market, and significant long liquidations, totaling approximately $109.7 million.
• Analysts noted that a sharp decline in exchange outflows indicated a growing sell-side supply, weakening the market's ability to absorb downward pressure.
• The recent price fluctuations were also influenced by concentrated selling from whale wallets and the release of US inflation data, with Bitcoin currently trading just below $80,000.

https://cryptopotato.com/bitcoins-drop-below-80k-was-not-random-here-are-the-3-hidden-triggers/

Pi Network (PI) News Today: May 14

• Pi Network has over 18.1 million users completing KYC verification and 16.7 million migrating to Mainnet, despite ongoing user complaints about verification delays.
• The project has introduced several protocol upgrades, with the latest being protocol v22, while the deadline for the next upgrade has been extended to May 19.
• Despite advancements, PI's price remains low at around $0.17, with increasing amounts of tokens on exchanges indicating potential selling pressure.

https://cryptopotato.com/pi-network-pi-news-today-may-14/

Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months

• Ethena experienced its largest single-day network growth in over three months on May 12, driven by a surge in newly created wallets and whale activity.
• Grayscale Investments added ENA to its DeFi Fund, contributing to increased custody wallet creation and heightened interest in the protocol.
• Ethena's USDe stablecoin is being integrated into a new institutional lending market on Solana, marking a significant step in its expansion and institutional adoption.

https://cryptopotato.com/why-ethena-just-recorded-its-biggest-network-growth-in-over-three-months/

Internet Computer (ICP) Tumbles 10% Daily: Is Coinbase Responsible for the Plunge?

• ICP experienced a 10% price decline, reaching a one-week low under $3, amid a broader crypto market correction.
• Coinbase's removal of several non-USD trading pairs, including ICP/USDT, has reduced liquidity and impacted investor confidence.
• Technical indicators, such as a low Relative Strength Index (RSI) of 28, suggest a potential price revival, with analysts predicting a possible breakout and significant upside.

https://cryptopotato.com/internet-computer-icp-tumbles-10-daily-is-coinbase-responsible-for-the-plunge/

ETH Profit-Taking Hits 3-Week High Despite 5.5% Price Drop

• Ethereum's network saw its highest realized profits in three weeks, totaling $74.58 million, despite a 5.5% price drop over the past three days.
• Profit-taking is primarily from traders who bought ETH below $2,000 during February and March, capitalizing on their gains even as prices decline.
• Analysts caution that Ethereum is in a technically fragile state, with critical support levels to watch if it fails to regain the 21-week moving average.

https://cryptopotato.com/eth-profit-taking-hits-3-week-high-despite-5-5-price-drop/

Coinbase Becomes Official USDC Treasury Deployer on Hyperliquid

• Coinbase is now the official treasury deployer of USDC under Hyperliquid's Aligned Quote Asset (AQA) framework, aiming to enhance USDC's role in on-chain capital markets.
• The transition will concentrate liquidity around USDC, improving market efficiency and allowing users to convert USDH to USDC without fees during the phase-out of USDH markets.
• Hyperliquid will see future upgrades transitioning to USDC as the quote asset, with Circle overseeing cross-chain services and both Coinbase and Circle committing to staking HYPE tokens for protocol support.

https://cryptopotato.com/coinbase-becomes-official-usdc-treasury-deployer-on-hyperliquid/

Shiba Inu (SHIB) Collapses 60% in a Year: 3 AIs Reveal What Might Trigger a Big Revival

• Shiba Inu (SHIB) has seen a 60% decline in price over the past year, with its peak market cap of over $40 billion in late 2021 not sustained.
• Potential catalysts for a revival include increased adoption of the Shibarium layer-2 solution, a significant reduction in supply through burn rates, and the introduction of a spot SHIB ETF.
• The price movement of Bitcoin and whale investor activity are also crucial factors that could influence SHIB's resurgence in the market.

https://cryptopotato.com/shiba-inu-shib-collapses-60-in-a-year-3-ais-reveal-what-might-trigger-a-big-revival/