Author: Stephanie Bedard-Chateauneuf

Gemini IPO Sparks Crypto Stock Market Revival

The highly anticipated Gemini IPO is now officially underway, marking a key moment for cryptocurrency markets in 2025. Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, has confidentially filed for an initial public offering in the U.S., the company revealed on Friday.

The move comes as renewed investor confidence and market momentum fuel a wave of crypto and fintech IPOs, and could set the stage for a new era of institutional adoption in the digital asset space.

Crypto IPO Momentum Builds

The Gemini IPO follows the successful public debut of Circle (CRCL.N) earlier this week, which saw a strong performance on the New York Stock Exchange. According to Matt Kennedy, senior strategist at Renaissance Capital, “Pre-IPO crypto companies would be crazy not to move ahead with listings after seeing how Circle traded.”

Investor appetite for risk assets—especially in areas like crypto, artificial intelligence, and fintech—is rebounding. After years of volatility, regulatory uncertainty, and market mistrust, crypto firms are re-emerging with stronger narratives and improved fundamentals.

Gemini’s Strategic Timing

Gemini currently enables users to buy, sell, and store over 70 cryptocurrencies, positioning itself as a key player in the U.S. digital asset market. Though the company hasn’t disclosed the size or pricing details of its IPO, industry insiders see its filing as a critical signal.

“Gemini’s IPO contributes to the broader momentum and reinforces the idea that crypto-native firms are increasingly preparing to access public markets,” said Kat Liu, vice president at IPOX. Liu also pointed out that institutional capital is returning, especially toward companies with scalable models in strategic growth areas.

Gemini’s entry to the public markets could boost transparency, increase regulatory engagement, and provide the firm with much-needed capital to expand in an increasingly competitive landscape.

Crypto’s Growing Legitimacy

The Gemini IPO is part of a broader legitimization of the crypto sector. The global digital asset market is now valued at over $3.3 trillion, with Bitcoin (BTC-USD) trading above the $100,000 mark. Institutional interest surged after the SEC approved spot bitcoin ETFs in the U.S., opening the doors for retirement accounts and traditional funds to gain exposure.

Coinbase (NASDAQ:COIN), one of Gemini’s top competitors, was recently added to the S&P 500, a watershed moment that many believe laid the groundwork for other crypto firms to follow suit.

“If equity underwriters smell a new fee stream, expect the calendar to unfreeze for everything from fintech to AI chips,” said Michael Ashley Schulman, CIO at Running Point Capital Advisors. He notes that Gemini’s IPO, if successful, will confirm that the “crypto thaw” is real.

From Lawsuit to Wall Street

Tyler and Cameron Winklevoss first gained fame from their lawsuit against Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg, alleging he stole their idea for Facebook. That legal battle ended in a 2008 settlement involving cash and META stock—wealth that the twins used to pivot into the crypto industry with the founding of Gemini in 2014.

Now, with the Gemini IPO, the twins appear set to make history again—this time by leading one of the first major post-FTX collapses crypto listings in the U.S.

Will Gemini’s IPO Succeed?

While the details of the Gemini IPO remain confidential, market indicators suggest strong interest. After years of skepticism and setbacks, crypto markets are enjoying renewed optimism thanks to clearer regulations, broader adoption, and support from high-profile political figures—including Donald Trump, who has promised to be a “crypto president.”

As Gemini steps into the public spotlight, its performance could set the tone for the next wave of digital asset IPOs—and help solidify crypto’s long-awaited place in the mainstream financial ecosystem.

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Solaxy May Be the Best Solana Crypto in 2025

After months of explosive growth in the Solana ecosystem, meme coins like Dogwifhat (WIF) are cooling off rapidly. As on-chain metrics slide and investor sentiment wanes, many are now asking: what’s the best Solana crypto to hold ahead of the next bull run?

WIF (WIFUSDT) recently dipped below the $1 mark, down over 36% from its peak earlier this year. Once the poster child of Solana’s meme coin craze, WIF now faces mounting sell pressure. On-chain data reveals that “smart money” investors have reduced their positions by more than 50%, with whale holdings also declining by 22%.

Meme Coins Fade as Utility Gains Traction

This isn’t just a WIF-specific issue. The broader Solana meme coin market is experiencing a cooldown. Daily DEX volume has fallen to a six-month low of $2 billion, and stablecoin transfer volumes are down from $20 billion to just $2 billion. These declines signal reduced liquidity and engagement across Solana-based DeFi.

Even more telling, the number of new meme coin launches has dropped more than 50% since January. Meanwhile, declining transaction volumes are weakening deflationary pressures, since Solana burns 50% of all transaction fees.

Despite these headwinds, Solana remains a top-three blockchain by activity, and its real utility may now be taking center stage.

Solaxy: A Utility-Driven Contender for Best Solana Crypto

As meme coins lose momentum, utility-first projects are stepping into the spotlight — and Solaxy may be leading the charge as the best Solana crypto of 2025.

Solaxy (SOLX) is the first Layer-2 solution built for Solana. Its mission is clear: increase scalability, reduce failed transactions, and make building on Solana faster and more efficient. That alone is significant, as Solana has faced network congestion in the past due to its rapid adoption.

Solaxy’s infrastructure is already partially live. Developers are testing bridges, deploying smart contracts, and monitoring rollup activity via the Solaxy testnet. The ecosystem includes a custom block explorer and a cross-chain bridge, laying the groundwork for what could become the backbone of Solana’s Layer-2 economy.

Strong Growth and Real Use Cases

Solaxy’s momentum is backed by numbers. The project has raised over $44.3 million ahead of its token launch, with investors joining via SOL, ETH, BNB, USDT, or even credit cards. The presale has just 11 days left, and all purchased tokens can be staked immediately, offering returns of up to 91% APY.

Importantly, Solaxy is building beyond speculation. It will launch Igniter Protocol and Solaxy DEX, enabling seamless token creation, trading, and liquidity provisioning — a key differentiator from the meme coin market, where value often hinges on hype alone.

Its integration with the Best Wallet app also gives users a KYC-free, privacy-focused option for managing assets — an increasingly attractive feature as crypto regulations tighten globally.

Solana Ecosystem Still Has Fuel

Even as WIF and other meme coins falter, Solana’s fundamentals remain strong. In May alone, Solana posted $121 million in Real Economic Value (REV) — up 37% month-over-month and more than Ethereum (ETH) or TRON (TRX). Application revenue across top platforms like Pump, Axiom, and Raydium (RAYUSDT) reached $214 million, showing that builders are still very active on the network.

Talk of a Solana ETF is further fueling speculation that the ecosystem may soon regain momentum. But this time, it could be utility-driven crypto — not meme coins — that takes the lead.

Final Thoughts

While hype-driven tokens like WIF captured attention during the last Solana bull run, the current pullback is separating speculation from substance. Projects like Solaxy, with real infrastructure, developer adoption, and strong fundraising, offer a compelling alternative.

If you’re looking for the best Solana crypto to buy ahead of the next leg up, Solaxy is one to watch — and possibly the next breakout story in the evolving Solana landscape.

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Trump Cryptocurrency Scandal Fuels Foreign Influence

Donald Trump’s latest foray into the digital asset world has ignited a fresh storm of controversy, with the Trump cryptocurrency scandal exposing new channels for self-enrichment and foreign influence. While past presidents have taken steps to avoid conflicts of interest, Trump’s second term is marked by a blatant embrace of the cryptocurrency space to monetize his office — a move that experts warn could jeopardize both ethical standards and national security.

Trump Coin: The Birth of a Speculative Grift

In January, days before his second inauguration, Trump-affiliated businesses launched a memecoin dubbed $Trump — a digital token with no underlying value beyond market speculation. Despite its lack of utility, the token surged to $75 per coin before quickly crashing. Speculators fueled the initial hype, but the Trump family benefited regardless, collecting millions in trading fees. Since the coin’s launch, over $312 million in crypto transactions and $43 million in other fees have flowed to Trump-linked entities.

The Trump cryptocurrency scandal isn’t just about personal gain — it also reveals how easily political figures can exploit poorly regulated markets to attract undisclosed funds. The mechanics of the Trump coin echo classic pump-and-dump schemes, but with the added danger of being led by the most powerful man in the world.

Gala Access: Trading Crypto for Influence

In a bid to inflate the token’s value again, Trump’s team announced that the top 220 holders of the $Trump token would receive exclusive invites to a gala dinner at Trump National Golf Club in Virginia. The top 25 buyers were offered an even more coveted prize: a VIP reception with the president and a private White House tour.

This crypto-powered sweepstakes wasn’t framed as a political fundraiser, but a private event organized by Trump’s business. Campaign laws — which require donor disclosures and spending restrictions — didn’t apply. This loophole allowed Trump to legally collect massive sums from anonymous buyers, many of whom were foreign investors.

Foreign Ties: The Risk of Crypto Influence

According to The Washington Post, nearly half of the top 220 memecoin holders used exchanges that ban U.S. users, suggesting international involvement. Among them was Justin Sun, the Chinese billionaire founder of crypto platform Tron. Despite being charged with fraud by the Securities and Exchange Commission (SEC) in 2023, Sun attended the gala after buying more than $20 million worth of Trump memecoins.

Strikingly, the SEC moved to pause its lawsuit against Sun shortly after Trump’s second term began. The optics of this decision, combined with Sun’s appointment as an adviser to Trump’s latest crypto venture, World Liberty Financial, raise serious concerns about political interference and favoritism.

Stablecoins, Abu Dhabi, and $2 Billion in Exposure

The Trump cryptocurrency scandal doesn’t stop at memecoins. On May 1, Trump’s son Eric and real estate partner Zach Witkoff announced that World Liberty would receive a $2 billion investment backed by the government of Abu Dhabi, using the platform’s stablecoin. That investment, if finalized, could result in hundreds of millions in profits for Trump and his family.

The move places a sitting U.S. president in the direct financial path of a foreign government’s strategic investments — a clear conflict of interest and a potential national security risk.

Deregulation Agenda: Dismantling Oversight

Adding to the alarm, the Trump administration has already begun rolling back crypto regulations. In April, the Justice Department was ordered to disband its crypto fraud unit, and Trump has vowed to make the U.S. the “crypto capital of the planet.” These deregulatory moves could open the floodgates for even more abuse.

While Trump once called crypto “a scam,” he now praises it as “common sense,” especially after reaping millions from it. The hypocrisy underscores how the Trump cryptocurrency scandal is less about belief in blockchain and more about building wealth unchecked.

Conclusion

With digital assets becoming a key pillar of Trump’s business empire, the boundaries between presidential power and personal profit are rapidly eroding. As foreign actors gain access to the president through crypto, the Trump cryptocurrency scandal reveals a troubling new blueprint for monetizing political office — one that undermines transparency, national security, and public trust.

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House Hearing Targets Trump Crypto Wallet Controversy

A heated debate unfolded on Capitol Hill this week as Democratic lawmakers voiced strong opposition to a new crypto wallet linked to former President Donald Trump. The Trump crypto wallet controversy took center stage during a House Financial Services Committee hearing focused on digital asset regulation.

Rep. Maxine Waters (D-CA), ranking Democrat on the committee, sharply criticized Trump’s crypto ventures, stating, “Trump doesn’t just want Americans to use his crypto. He wants to put our money in his digital wallet while he guts our financial regulators, the watchdogs that protect families from financial fraud.” Her remarks underscore concerns about the growing influence of Trump-backed digital assets amid ongoing legislative efforts to regulate the crypto market.

New Trump-Linked Crypto Wallet Sparks Debate

The controversy intensified following the recent launch of a crypto wallet connected to Trump’s Solana-based meme coin, in partnership with the NFT marketplace Magic Eden. The wallet’s website went live on June 3, 2025, allowing users to join a waitlist, confirmed as legitimate by Magic Eden representatives.

Despite denials from Trump’s sons regarding involvement, the wallet’s announcement reignited scrutiny of the former president’s expanding crypto empire, which includes meme coins, NFTs, stablecoins, and decentralized finance (DeFi) projects.

Rep. Waters highlighted that conservative estimates suggest Trump and his family’s wealth has increased by approximately $2.9 billion through these crypto initiatives. The issue took a controversial turn after a private dinner exclusive to the top 220 holders of Trump’s meme coin drew allegations of pay-to-play corruption — an event Waters lambasted as “just 20 minutes of Trump time” served alongside “Walmart steak” and “Costco-freezer halibut.”

Legislative Efforts and Market Impact

The hearing coincided with discussions around the Digital Asset Market Clarity Act, a bipartisan bill introduced by House Financial Services Committee Chairman French Hill (R-AR) aimed at clarifying regulatory guidelines on digital assets. The Act seeks to define which cryptocurrencies should be regulated as securities versus commodities, addressing long-standing regulatory uncertainty.

Despite this legislative focus, the hearing was repeatedly overshadowed by the Trump crypto wallet controversy, mirroring disruptions seen during a similar hearing a month earlier. At that time, Democratic lawmakers staged a walkout protesting the influence of Trump-backed crypto ventures on policy-making.

Regulatory Concerns and Industry Voices

Timothy Massad, former chair of the Commodity Futures Trading Commission (CFTC) under President Barack Obama, echoed Waters’ concerns, warning that Trump’s extensive crypto interests complicate the regulatory landscape. Massad pointed out that Trump is “making billions of dollars selling meme coins and stablecoins, investing in crypto exchanges and wallets, and Bitcoin mining,” all areas potentially affected by pending legislation.

“If any member of this committee did any of those things, you would all be outraged,” Massad remarked, emphasizing the perceived conflict of interest and the difficulty lawmakers face in balancing crypto innovation with consumer protection.

Crypto Regulation in the Spotlight

The controversy emerges amid broader efforts in Congress to update financial regulations for the digital age. Recent legislative actions include the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), which, despite substantial Democratic support, failed to advance last year.

In parallel, lawmakers are exploring new rules for stablecoins, a segment of the crypto market that has drawn increasing attention due to its potential systemic risks.

The Trump crypto wallet controversy thus highlights the challenges of regulating a rapidly evolving and politically charged digital asset sector. As lawmakers navigate these complexities, the spotlight on Trump-backed crypto products raises fundamental questions about the intersection of politics, profit, and regulation in the blockchain era.

Conclusion

The Trump crypto wallet controversy underscores how political figures and their crypto ventures complicate the path toward clear and effective regulation. With a growing ecosystem of Trump-backed digital assets, congressional efforts to define and enforce rules face heightened scrutiny and partisan conflict.

As the crypto market continues to expand, this debate will likely remain a pivotal factor shaping the future of digital asset governance in the United States.

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XRP Price Surge Could Be on the Horizon

XRP price (CRYPTO:XRP) recently traded at around $2.30, marking a 40% rebound from its lowest point this year but still 33% below its January peak. Several catalysts are fueling optimism that XRP could rally significantly in the coming weeks or months.

Strong Fundamentals Backing XRP Price

One key driver is the soaring likelihood—now at 98%—that the U.S. Securities and Exchange Commission (SEC) will approve XRP exchange-traded funds (ETFs) later this year. The SEC is expected to complete its review of Franklin Templeton’s XRP ETF filing soon, though delays remain possible as other filings undergo scrutiny.

Corporate adoption of XRP is also on the rise. Companies like VivoPower and Webus have recently raised $121 million and $300 million respectively, earmarking portions of their treasury in XRP tokens. Hyperscale Data announced plans to acquire over $10 million worth of XRP, signaling growing institutional confidence.

The SEC’s recent withdrawal of its appeal in the Ripple lawsuit could open the door for stronger partnerships with major U.S. banks. RippleNet, Ripple’s payments network, aims to rival SWIFT and expand global transaction capabilities.

In parallel, Ripple USD—the company’s stablecoin—has secured compliance under Europe’s MiCA regulation and obtained a license in Dubai, positioning it to compete in a stablecoin market projected to be worth $1.6 trillion by 2030.

CME Group has also listed XRP futures contracts, with data showing increased interest from Wall Street investors, further legitimizing XRP as a financial asset.

XRP Price Technical Outlook: The Wyckoff Method

A nearly 95-year-old Wyckoff Method technical theory suggests XRP is poised for a strong rally. The Wyckoff Method identifies four key market phases: accumulation, markup, distribution, and markdown.

Currently, XRP appears to be in the accumulation phase, characterized by low trading volume and subdued volatility. The Average True Range (ATR), a volatility indicator, is at its lowest since November last year, while the volume indicator has steadily declined.

Meanwhile, the accumulation/distribution line is trending upward, signaling more buying pressure than selling. These technical signals indicate XRP is likely to enter the markup phase, where demand outpaces supply, pushing prices higher.

Chart Patterns Confirm Bullish Momentum

Further reinforcing this bullish outlook is the formation of a bullish pennant pattern, a consolidation pattern that often precedes a breakout. As the two converging trend lines near each other, a breakout above the pennant could propel XRP price first toward this year’s high of $3.3585, and potentially further toward $5.

What This Means for Investors

For investors watching XRP, the combination of positive regulatory developments, increasing institutional adoption, and favorable technical signals creates an enticing setup. While market risks remain, including potential SEC delays or macroeconomic headwinds, the Wyckoff Method’s historical reliability adds weight to expectations of an impending rally.

In conclusion, XRP price surge potential is supported by both fundamental catalysts and time-tested technical theory, making it one of the more compelling cryptocurrencies to watch in 2025.

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