Welcome to Crypto Insider, your go-to source for the latest news, trends, and market insights from the world of digital assets. As the crypto landscape evolves at lightning speed, we’re here to keep you informed with real-time updates, in-depth analysis, and expert perspectives. Let’s dive into today’s highlights in the fast-paced world of cryptocurrency.
Trump Meme Coin Surges 50% After Top Holders Offered Dinner With President
The $TRUMP meme coin saw a dramatic 50% surge on Wednesday after its website announced that the top 220 holders of the token would be invited to a dinner with President Trump. The event, set for May 22 in Washington, D.C., will include a special reception for the top 25 wallets, followed by a VIP White House tour the next day.
The surge brings the total market cap of the $TRUMP coin to $2.7 billion, though it has lost 70% of its value since reaching its peak in January. The $TRUMP token initially launched in January around Trump’s inauguration, quickly amassing a market cap of $15 billion, fueled by the president’s social media posts. However, it has since lost much of that value.
Cryptocurrency Firm Tether Increases Stake in Juventus to Over 10%
Cryptocurrency company Tether announced on Thursday that it has raised its stake in Italian Serie A club Juventus to more than 10%. Tether, the world’s fourth-largest cryptocurrency firm, first invested in the club in February. This new shareholding now represents 6.18% of the voting rights in the club.
The company stated that the investment underscores its long-term commitment to Juventus and reflects confidence in the club’s intrinsic value and growth potential. Juventus is controlled by the Agnelli family through their investment firm Exor.
Swiss Campaign Urges National Bank to Diversify Reserves With Bitcoin
Cryptocurrency advocates are intensifying their push for the Swiss National Bank (SNB) to add bitcoin to its reserves, citing the global economic uncertainty exacerbated by U.S. President Donald Trump’s tariffs. The campaign, which began with a referendum proposal in December to amend the Swiss constitution, advocates for the SNB to hold bitcoin alongside gold in its reserves.
Campaigners, including Bitcoin Suisse board member Luzius Meisser, argue that holding bitcoin would better position Switzerland amid a global shift towards a multipolar economic order, as the dollar and euro weaken. Meisser suggests that bitcoin would shield the SNB from political pressure and inflation risks associated with currency devaluation, as it is a deflationary asset not subject to inflationary government policies.
Coinbase Waives Fees on PayPal’s Stablecoin to Boost Crypto Payments Adoption
Coinbase, the largest publicly traded cryptocurrency exchange, has announced that it will waive transaction fees for PayPal’s stablecoin, PYUSD, marking a significant step in the company’s push to expand crypto payments. This collaboration aims to accelerate the adoption of PayPal’s stablecoin, which was launched in 2023, by allowing Coinbase users to redeem PYUSD directly for U.S. dollars.
As part of this initiative, PayPal’s stablecoin can now be used by merchants on the Coinbase platform to settle transactions, bypassing traditional financial systems. Stablecoins, known for their ability to maintain a stable value, typically pegged at 1:1 with the U.S. dollar, are becoming increasingly popular for transferring funds between cryptocurrencies. PayPal sees the integration with Coinbase as a powerful way to bring stablecoins closer to mainstream adoption.
