Crypto World
Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack
Tron founder Justin Sun filed a 52-page fraud lawsuit against World Liberty Financial (WLFI) this week. Eric Trump quickly fired back.
The complaint lists seven causes of action, including fraud in the inducement, conversion, and unjust enrichment. Sun invested $45 million in the Trump family-backed project.
Trump and Witkoff Reject Sun’s Claims
Eric Trump took aim at Sun’s infamous $6.2 million banana artwork purchase, calling it more ridiculous than the lawsuit itself.
“The only thing more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall. We are incredibly proud of the @worldlibertyfi team…,” President Donald Trump’s son commented.
Justin Sun purchased the viral art piece Comedian, a banana duct-taped to a wall, for $6.2 million at Sotheby’s in November 2024.
Zach Witkoff, WLFI co-founder, called the lawsuit a “desperate attempt to deflect attention from Sun’s own misconduct.” He said the project expects the case to be thrown out promptly.
WLFI allegedly froze 595 million of Sun’s unlocked tokens in September 2025. A smart contract update had introduced a blacklist function.
His frozen position reportedly lost more than half its value as the token declined.
Banana Gun (BANANA) price is up by almost 6% on the news, to trade for $4.01 as of this writing.
Critics Draw Parallels to Past Failures
Bitcoin advocate Simon Dixon compared WLFI to collapsed platforms like Celsius Network and FTX. He alleged the project uses its illiquid token to mint its own stablecoin. Dixon claimed insiders then earn yield from US Treasury debt.
“So World Liberty Financial allegedly uses its illiquid token WLFI (like CEL did with Celsius and FTT did with FTX) to mint its own stablecoin, allowing it to buy U.S. Treasuries and earn millions in yield from U.S. government debt, while the co-founder’s father (Witkoff) negotiates a nuclear deal in the war that his co-founder’s father (President Trump) started after tearing up the last Iran deal. The Trump and Witkoff families are using a token to earn yield on the debt the U.S. government is incurring from the Iran war. Let that sink in. Follow the money,” wrote Dixon.
A viral thread from self-described Web3 ambassador Peter Girnuz detailed alleged insider allocations and governance manipulation. Witkoff denied any association with Girnuz.
Follow us on X to get the latest news as it happens
WLFI trades near $0.079 at the time of writing, down roughly 74% from earlier highs and almost 1% in the last 24 hours.
The post Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack appeared first on BeInCrypto.
Bitcoin has pulled back slightly after briefly approaching the $80,000 mark on Tuesday.
At the time of writing, it was trading at $77,794, still up 0.4% over the past 24 hours, after hitting a peak of $79,388 before gradually easing lower during the overnight session.
The 24-hour low of $77,464 was set Thursday morning, meaning the full range of the move was about $1,900. Ether (ETH) slipped 0.7% to $2,344, XRP (XRP) fell 1.7% to $1.42, solana (SOL) dropped 1.5% to $85.83, and BNB declined 0.6% to $635.
Brent crude held above $95 a barrel as the U.S. maintained its naval blockade on ships going to and from Iranian ports while Iran kept the Strait closed to almost all other international traffic. Iranian gunboats fired on commercial ships in the waterway on Wednesday.
Trump’s April 7 ceasefire remains in place “indefinitely,” but Vice President JD Vance’s planned Tuesday trip to Islamabad was called off after Iran declined to send a delegation. White House Press Secretary Karoline Leavitt said Trump has not set a firm deadline for an Iranian proposal.
The divergence in the top 10 backs the positioning read. Bitcoin is up 4% on the week, every other major is within 2% either direction, with ether and solana actually down.
When a rally concentrates in one asset while the rest of the complex fades, the source of the bid is usually narrow rather than broad.
Bitpanda CEO Lukas Enzersdorfer-Konrad took the opposite view, arguing the overnight push toward $80,000 signals digital asset industry maturity and resilience backed by institutional participation and clearer regulatory frameworks.
That framing is harder to reconcile with a market where bitcoin is leading alone amid thin altcoin participation and where funding rates have been negative for roughly 47 consecutive days, one of the longest stretches of bearish derivatives positioning on record.
A slide below $76,000 would mean the $79,388 high printed the top for this leg, and the next move requires either genuine Iran progress or a shift in the funding rate picture that pulls real capital back in.
TLDR
- SoFi Bank now allows customers to deposit XRP through its regulated crypto platform.
- Ripple stated that broader access supports long-term growth and strengthens XRP utility.
- SoFi operates under a nationally chartered bank regulated by the Office of the Comptroller of the Currency.
- The platform charges a flat 1% fee on every crypto trade executed within the app.
- Users must fund a SoFi Checking and Savings account before trading crypto assets.
SoFi Bank has enabled XRP deposits within its crypto platform, expanding regulated access for retail customers. Ripple welcomed the move and linked broader availability to long-term ecosystem growth. The update allows users to fund accounts, trade digital assets, and manage holdings in one app.
XRP Enters SoFi’s Regulated Crypto Platform
SoFi confirmed that customers can now deposit XRP through its crypto service. The platform already supports Bitcoin, Ethereum, and Solana. Therefore, users can manage multiple assets within a single mobile application.
The company operates through SoFi Bank, N.A., which the Office of the Comptroller of the Currency regulates. This structure places XRP access inside a federally chartered banking framework. As a result, customers interact with the asset through a regulated financial institution.
Ripple addressed the development in a post on X. The company stated that “broader access is key to long-term growth.” It added that availability through platforms like SoFi helps strengthen XRP’s utility and ecosystem participation.
SoFi explained that users must fund a SoFi Checking and Savings account before trading. After funding, the platform converts cash into stablecoins such as USDC to execute transactions. This process allows trades to settle efficiently within the system.
The company charges a flat 1% fee on every crypto trade. The execution price may include a small spread between market and transaction prices. This structure locks in rates when users place orders.
Customers can open accounts without monthly maintenance or opening fees. The process requires identity verification, including name, address, and Social Security number. Consequently, the onboarding process follows standard banking compliance procedures.
Broader XRP Adoption Expands Across Platforms
Ripple highlighted that expanding access supports long-term ecosystem development. The company said easier entry points encourage broader participation in the network. It maintained that utility grows as more platforms integrate the asset.
Rakuten recently added XRP support through Rakuten Wallet. The integration allows payments, trading, and loyalty point conversion within its ecosystem. Therefore, millions of users can access XRP services directly.
Exodus also expanded support for the XRP Ledger within its wallet services. The company introduced enhanced wallet tools and RLUSD integration. These updates increase functionality for users holding XRP-based assets.
Bitget Wallet integrated XRPL payment options and cross-chain features. The wallet also enabled QR-based payments and card transactions using XRPL infrastructure. Binance also expanded XRPL liquidity with RLUSD deposits, withdrawals, and new trading pairs.
SoFi’s integration now places XRP within another mainstream financial channel. The bank confirmed deposit support as part of its existing crypto offering. With this rollout, customers can access XRP directly through a regulated banking app.
Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time.
Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead.
Key takeaways:
Ether’s bear flag risks 10% correction
The ETH/BTC ratio has been carving out a bear flag pattern since February, consolidating inside a rising parallel channel after a sharp downside move.
In technical analysis, bear flags are typically viewed as continuation patterns. Analysts derive the downside target by taking the height of the previous decline and projecting it lower from the point where price breaks below the flag’s lower trend line.
Using that method, the ETH/BTC pair’s measured downside target comes in near 0.026 BTC, about 10% below current levels, in May.
Notably, a similar bear flag breakdown earlier this year preceded a roughly 15% decline, suggesting the current setup could once again favor Bitcoin over Ether in the near term.
Conversely, the bearish breakdown setup may get postponed if ETH/BTC rebounds from the flag’s lower trend line, opening the door for a recovery toward the upper boundary near 0.032 BTC in May.
Ethereum staking ratio hits record levels
Ethereum’s fundamentals are strengthening even as ETH continues to lag Bitcoin.
The network’s staking ratio hit a record 32.33% on April 21, with about 39 million ETH locked across 816,578 validators, according to data resource Token Terminal.
That amounts to roughly $90.26 billion in staked value and marks the first time more than one-third of Ethereum’s circulating supply has been committed to the network.
Earlier this month, the Ethereum Foundation completed its 70,000 ETH staking target, shifting more of its holdings into yield-generating positions instead of potential sell-side supply.
Meanwhile, BitMine Immersion Technologies now holds 4.976 million ETH, or 4.12% of total supply, with around 3.334 million ETH already staked through its validator network.
Overall, it means less ETH is available for active trading. That can reduce selling pressure and support prices in dollar terms over time, especially if demand keeps rising while available supply keeps shrinking.
Related: Ethereum whale opens $90M long bets as ETH price chart eyes $3.2K
Ether has lagged behind Bitcoin partly because Ethereum’s “ultrasound money” thesis has weakened, while Bitcoin continues to benefit from accumulation by firms like Strategy and its accelerating integration into Wall Street portfolios.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
American Bitcoin, co‑founded by Eric and Donald Trump Jr., has energized 11,298 new ASICs, lifting owned hash rate to 28.1 EH/s as it doubles down on low‑cost BTC accumulation.
Summary
- American Bitcoin, the Trump family–backed miner, has energized 11,298 new ASIC machines, lifting its owned hash rate to about 28.1 EH/s.
- The expansion increases total fleet size to roughly 89,242 miners and represents a 12% boost in capacity, adding about 3.05 EH/s at 13.5 J/TH.
- Around 58,999 miners are currently online, delivering roughly 25.0 EH/s at 14.1 J/TH, as the company doubles down on a strategy of accumulating BTC at structurally low production cost.
American Bitcoin Corp., the publicly listed mining company co‑founded by Eric Trump and Donald Trump Jr., has completed the deployment of roughly 11,298 newly purchased ASIC miners, pushing its total self‑owned hash rate to about 28.1 exahashes per second. In a March press release, the company said the additional machines would “add ~3.05 EH/s at ~13.5 J/TH, increasing its total owned fleet to ~28.1 EH/s at an average efficiency of ~16.0 J/TH across 89,242 miners.”
Those figures are now being confirmed in operational updates. After energizing the new rigs at its Drumheller site in Alberta, American Bitcoin reports that approximately 58,999 miners are currently online, corresponding to about 25.0 EH/s of active hash rate with an average energy efficiency of roughly 14.1 joules per terahash, while the full owned fleet (including yet‑to‑be‑deployed units) sits at 28.1 EH/s.
The company frames the move as an extension of a deliberate “Bitcoin accumulator” strategy. In its capacity announcement, American Bitcoin noted that in the fourth quarter of 2025 it mined BTC at a cost roughly 53% below the prevailing spot price, arguing that the fleet expansion “reinforces American Bitcoin’s disciplined focus on maximizing Bitcoin accumulation at a structural advantage.”
Eric Trump, the firm’s chief strategy officer, has repeatedly linked that approach to a broader political and industrial narrative. “As Bitcoin matures, the priority is clear: grow American‑owned, professionally operated hashrate,” he said, adding that this is “how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
Industry data suggest the build‑out is meaningful but not yet dominant at the public‑miner level.
Finviz notes that the largest listed miners currently operate in the 50 EH/s range, making American Bitcoin “roughly half the size of industry leaders,” but also points out that rivals are increasingly diverting capex into AI and high‑performance computing, potentially leaving more room for ABTC to grow its share of global hash rate.
For markets, the message is straightforward: the Trump family’s mining vehicle is not dialing back post‑halving; it is pressing its advantage. With 28.1 EH/s of owned capacity, a more efficient new tranche of hardware at 13.5 J/TH, and a stated focus on holding mined BTC, American Bitcoin is betting that control of cheap, US‑domiciled hash power will matter more in the next phase of Bitcoin’s monetization than short‑term share‑price swings.
Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI.
The company announced on Wednesday that it purchased $75 million of the AI developer’s common stock, which will be used as the underlying asset to give Robinhood clients price exposure to OpenAI via the fund’s venture tokens.
The investment is “one of RVI’s largest investments to date,” according to RVI president Sarah Pinto, who added that the tokens aim to democratize access to private investing.
Shares of RVI were trading more than 14% higher on Wednesday, to $27.85 at the time of publication, according to data from Yahoo Finance.
Robinhood’s private equity tokens for retail investors have raised regulatory questions about the legal rights of token holders and how price exposure through tokens differs from holding private equity in a company, which is reserved for qualified investors.
Related: ARK buys $13M in Robinhood as US Treasury taps platform for Trump Accounts
Robinhood announces private equity tokens for retail, but legal issues abound
Robinhood distributed OpenAI and SpaceX tokens to users in June 2025 as part of its rollout of tokenized stock trading for users in the European Union.
However, OpenAI immediately responded to the announcement, warning that the tokens do not represent a private equity stake in the company.
“These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it,” OpenAI said at the time. “Any transfer of OpenAI equity requires our approval — we did not approve any transfer.”
John Murillo, chief business officer of financial technology company B2BROKER, told Cointelegraph that investors holding these private equity tokens must understand that they do not hold “actual shares” in these companies.
Customers may be entitled to payouts if the underlying shares of the private equity companies increase, but the tokens are strictly a financial instrument created by a third party and not equity, according to Murillo.
“There is no direct claim on company assets, no voting rights and no access to internal financial information,” Murillo said.
A request for comment sent to Robinhood by Cointelegraph was not immediately replied to.
Magazine: Robinhood’s tokenized stocks have stirred up a legal hornet’s nest
Three political hopefuls faced penalties on Kalshi’s prediction market platform after findings that they placed bets on the outcomes of their own races. The sanctions—fines and a five-year ban for each—illustrate the ongoing push to curb insider trading and unlawful activity in political wagering on prediction markets.
Kalshi fined two congressional candidates and one sitting lawmaker: Matt Klein, Ezekiel Enriquez, and Mark Moran. Klein, a Minnesota state senator, was fined $539 for wagering on his primary race in his bid for the U.S. House, with the August primary cited. Enriquez, who sought a U.S. House seat in March, received a $784 penalty. Moran, a Virginia Senate candidate, was hit with a $6,229 fine and ordered to return any profits from his trades after allegedly refusing to cooperate with Kalshi in the settlement process. All three were banned from Kalshi for five years. For the notices and settlements, Kalshi’s published documents can be reviewed via the platform’s regulatory notices.
These actions come as prediction markets—platforms that let users trade contracts on real-world event outcomes—face heightened scrutiny over insider trading and potential gambling-law concerns. Kalshi and Polymarket, the two largest actors in this niche, have each pledged to tighten controls and clamp down on unlawful activity.
Key takeaways
- Kalshi levies five-year bans and monetary penalties on three politicians who bet on their own races, underscoring a hard line against insider trading in political markets.
- The sanctioned amounts are $539 for Matt Klein, $784 for Ezekiel Enriquez, and $6,229 plus disgorgement for Mark Moran, with all three banned from Kalshi for five years.
- Kalshi’s enforcement head states these cases violated exchange rules and did not warrant referrals to the CFTC or DOJ, signaling a self-contained compliance approach.
- The crackdown fits into a broader industry push for stricter standards, following earlier sanctions and ongoing regulatory attention on political prediction markets.
Three cases, one policy impulse: dissecting Kalshi’s enforcement
The enforcement notices detailing Klein, Enriquez, and Moran’s actions lay out a straightforward premise: wagers tied to political outcomes by individuals with direct stakes in those outcomes violate Kalshi’s rules and are subject to penalties and bans. Klein, a Minnesota state senator, wagered on his own primary as he pursued a seat in the U.S. House. He subsequently paid a $539 penalty and accepted a suspension, noting that he initially wagered out of curiosity and later learned it violated platform rules. He also co-sponsors Minnesota Senate Bill SF4511, which seeks to ban wagers on real-world events such as elections or policy decisions.
Enriquez, who ran for a U.S. House seat in March, accepted a $784 penalty as part of a settlement with Kalshi. Moran’s case, by contrast, involved a larger financial penalty—$6,229—with the added requirement to disgorge any profits from his trades after he allegedly refused to cooperate with Kalshi during the process. Each case ended with a five-year platform ban, a common consequence in Kalshi’s ongoing effort to discipline insider-trading behavior on its markets.
Kalshi’s enforcement stance was articulated by Bobby DeNault, the company’s head of enforcement. He said these cases violated exchange rules but did not meet the threshold for referral to federal regulators like the CFTC or DOJ. The message, according to Kalshi, is clear: any trade that can influence a market by a candidate’s status—whether large or small—will be punished under its rules.
For context, Kalshi has not been alone in this tightening approach. In February, the platform issued a $2,000 fine and a five-year ban to a former California gubernatorial contender for betting on his own candidacy last year, illustrating a broader pattern of swift disciplinary action in the space. In the industry’s broader coverage, Kalshi and Polymarket have both faced investigations and public scrutiny around insider trading and the governance of political bets, with outlets highlighting the ongoing need for robust controls.
Links to the official settlement notices and enforcement updates illuminate the specifics of each case. Klein’s notice, Enriquez’s notice, and Moran’s disciplinary action are publicly posted by Kalshi, providing a rare level of transparency into how these actions are determined and applied. The notices underscore a disciplined approach to policing conflicts of interest and ensure platform users understand that political bets by candidates themselves are not tolerated.
Context, consequences, and what to watch next
The visible discipline on Kalshi’s platform reflects a broader question facing the market: how can prediction markets remain useful for information discovery while guarding against manipulation or perceived illegality in electoral outcomes? The penalties for Klein, Enriquez, and Moran come amid rising regulatory attention to political wagering and insider trading concerns, prompting platform operators to shore up compliance and oversight mechanisms.
The enforcement actions also intersect with policy debates on the legality and governance of prediction markets. In Minnesota, Klein’s co-sponsorship of SF4511 signals continued interest in banning bets tied to real-world events, including elections and policy decisions, which could influence how state actors view predictions markets as a tool for civic engagement or as a potential venue for inappropriate bets. Observers will want to see whether more lawmakers push for similar restrictions or additional guardrails for prediction-market platforms.
As the industry seeks to balance openness with safeguards, readers should monitor whether Kalshi and its peers expand their internal controls, how regulators respond to evolving market structures, and whether additional sanction reports surface in the coming months. The incidents involving Klein, Enriquez, and Moran are part of a larger trend toward stricter enforcement in political prediction markets, a trend that could shape how investors, traders, and builders approach participation, transparency, and compliance in this fast-evolving corner of the crypto ecosystem.
Related background and references: Kalshi’s enforcement updates and settlement notices detailing each case, including links to the official PDFs, as well as prior enforcement actions and broader industry coverage of prediction-market scrutiny.
The US Department of Justice has filed fraud charges against the Southern Poverty Law Center, alleging the civil rights organization made secret payments to extremist informants without proper disclosure.
Summary
- The DOJ charged the SPLC with fraud, alleging undisclosed payments were made to informants embedded in extremist groups.
- The charges represent one of the most significant legal actions ever taken against a major US civil rights organization.
- The SPLC has not yet issued a detailed public response to the allegations.
The US Department of Justice announced a federal indictment against the Southern Poverty Law Center on April 21, with acting Attorney General Todd Blanche alleging the group had been paying informants embedded inside white supremacist and other extremist organizations while concealing those payments from donors. The indictment, returned by a grand jury in Alabama, includes six counts of wire fraud, four counts of making false statements to a federally insured bank, and one count of conspiracy to commit money laundering.
DOJ SPLC Fraud Charges Shake the Civil Rights World
According to prosecutors, the SPLC secretly paid leaders and organizers of groups including the Ku Klux Klan, the Aryan Nation, and the National Alliance, using shell accounts under fictitious names to funnel the money and avoid detection. NPR reported that one informant who was a member of the neo-Nazi National Alliance received more than $1 million in payments between 2014 and 2023, while another allegedly helped coordinate transportation to the deadly 2017 Unite the Right rally in Charlottesville and was paid approximately $270,000. “As the indictment describes, the SPLC was not dismantling these groups. It was instead manufacturing the extremism it purports to oppose by paying sources to stoke racial hatred,” Blanche said at a press conference announcing the charges.
What the Charges Allege
The DOJ alleges the SPLC used funds in ways inconsistent with its stated nonprofit mission and that the organization failed to maintain adequate records of payments made to informants, according to NBC News which covered the charges in detail. Prosecutors have not specified the total amount allegedly involved, but the case centers on a pattern of payments rather than a single transaction. The SPLC has disputed elements of the government’s account but has not issued a comprehensive public defense as of the time of publication.
Broader Implications for Nonprofits and Civil Rights Groups
The charges are being closely watched across the nonprofit sector, where organizations that engage in undercover monitoring of extremist groups often walk a legal and ethical line in how they fund and manage informants. NPR reported that the case could set a precedent for how civil rights organizations document and disclose intelligence-gathering activities going forward. For the SPLC, which has an endowment of several hundred million dollars and significant political influence, the legal battle ahead carries both financial and reputational stakes.
The DOJ has not indicated whether additional individuals within the SPLC’s leadership structure face charges, but the investigation is described as ongoing.
American Bitcoin (ABTC), a publicly traded mining company co-founded by United States President Donald Trump’s sons, has completed its energization of 11,298 application-specific integrated circuits (ASICs) at its Drumheller site in Alberta, Canada.
Following the acquisition of machines, the company now owns about 89,242 ASICs, the computers used to mine Bitcoin (BTC) and other proof-of-work (PoW) cryptocurrencies, according to the company’s announcement on Wednesday.
ABTC’s mining fleet now generates a total of about 28.1 exahashes per second (EH/s) of computing power, operating at an “average efficiency” of 16 joules per terahash, the company said.
Shares of ABTC surged by about 11.7% on Wednesday, rising to about $1.38 per share, according to data from Yahoo Finance.
The announcement followed a tough business quarter for the company, which posted a loss of $59.5 million in the fourth quarter of 2025, as the mining industry grapples with multiple economic challenges that are chipping away at revenue.
Related: Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report
ABTC struggles amid challenging business environment for miners
Mining companies are grappling with reduced block rewards since the April 2024 halving, rising energy costs, and declining crypto prices from the ongoing crypto bear market.
The price of BTC declined by over 50%, reaching a low of about $60,000 in February, when ABTC filed its Q4 results with the United States Securities and Exchange Commission (SEC).
ABTC attributed its Q4 losses to a $227.1 million decline in the fair value of its BTC holdings as a result of the crash, but said it was able to “mine BTC at a 53% discount” to prices on the spot market.
Public BTC mining companies sold more BTC in the first three months of 2026 than all of 2025.
Mining companies MARA, CleanSpark, Riot, Cango, Core Scientific and Bitdeer collectively sold about 32,000 BTC in Q1, according to TheEnergyMag.
Sales in the period topped the previous record of 20,000 BTC sold by public mining companies during Q2 2022.
Magazine: AI may already use more power than Bitcoin — and it threatens Bitcoin mining
MemeCore (M) surged 20.77% on April 21, 2026, trading near $4.28 and extending a 30-day rally of roughly 145%. The move lifted the meme coin’s market capitalization above $7 billion.
The daily chart points to sustained momentum, while the hourly timeframe shows a clean retest of the ascending trendline. A March network upgrade and a pending Korean expansion deal help explain the underlying strength.
Daily Chart Shows Parabolic Structure Intact
MemeCore’s daily chart frames a parabolic advance that began in late March. Price sits at $4.28 after climbing 20.77% in the session. The April 18 all-time high of $4.72 remains within striking distance.
The Relative Strength Index (RSI) prints near 80 without showing bearish divergence against recent highs. That combination usually signals buyers remain in control, even though the indicator sits inside overbought territory.
MACD continues to widen in positive territory. The histogram has pushed to its tallest reading of the quarter, and previous selloffs from comparable readings required at least a stall in momentum. No such stall has appeared yet.
Fibonacci retracement levels drawn from the $1.19 low to the $4.72 ATH highlight $3.89 as the 0.236 support. A daily close below that zone would be the first sign the parabolic structure is breaking.
MemeCore Price Prediction Targets $4.61 Breakout
On the hourly timeframe, Bollinger Bands have widened after a brief period of compression. The BBWP (Bollinger Band Width Percentile) printed extreme readings during the latest leg higher.
Wide bands typically signal that volatility is feeding fresh directional momentum rather than mean reversion. The setup often precedes continuation rather than an immediate reversal.
The decisive level overhead is the April 18 swing high at $4.61. That level now acts as the most recent horizontal resistance on the hourly chart.
A four-hour close above $4.61 would open room toward the all-time high at $4.72 and then price discovery. Failure to clear it risks a pullback into the broken trend channel.
Downside risk is defined by the green support band near $2.80, where the ascending trendline was retested earlier this week. Bears need a break of that zone to flip the structure. Bulls only need to hold the current $4.00 handle to keep the setup intact.
Volume on the latest push is healthy, though still below the April 18 spike. That suggests participation is real without reaching euphoria, a detail worth watching if price stalls ahead of a possible reversal.
Why MemeCore Is Still Pumping
Four fundamental drivers help explain the $M rally.
First, altcoin capital rotation is accelerating. The CoinMarketCap Altcoin Season Index has climbed in recent weeks. Meme coins tend to lead once speculative flows return to higher-beta segments of the market.
Second, the pace of the move stands out. A 145% gain over 30 days is hard to attribute to a single catalyst. The tape points to either coordinated accumulation by larger wallets or organic community growth, since typical meme token pumps burn out in a few sessions.
Third, the March 25 MemeCore Hardfork implemented account abstraction. The upgrade cut gas fees from 1,500 gwei to 15 gwei, a 100x reduction. Cheaper transactions make the network more attractive for high-frequency traders and fresh token launches. That shift increases demand for $M as a settlement asset.
Fourth, MemeCore is acquiring a KOSDAQ-listed company to secure a Virtual Asset Service Provider (VASP) license in Korea. Success would enable KRW/M trading pairs and lay the groundwork for a domestic dApp layer. Traders have previously rewarded similar K-play rally stories.
The blend of technical momentum and fundamental catalysts explains why buyers keep stepping in after each shallow dip. The test now is whether $M can close a daily candle above $4.61. A breakout would open the path to a fresh all-time high.
The post MemeCore ($M) Pumps 20% Today. Why Is This Meme Coin Still Rallying? appeared first on BeInCrypto.
Virginia voters have narrowly approved a new congressional map that could shift as many as four House seats from Republican to Democrat, delivering a major boost to the party’s bid to retake the House in the 2026 midterms.
Summary
- Virginia voters approved a redistricting referendum that replaces the state’s bipartisan commission map with one drawn by the Democratic-controlled legislature.
- The new map gives Democrats an advantage in 10 of Virginia’s 11 House districts, up from the six they currently hold.
- Republicans have filed legal challenges that could still block the new map from taking effect before the midterms.
Virginia voters narrowly approved a ballot measure on April 21 authorizing the Democratic-controlled state legislature to replace Virginia’s existing congressional map with one designed to favor Democrats in 10 of the state’s 11 House districts. According to the Associated Press, the “yes” side held a lead of approximately 3 percentage points with an estimated 97% of votes counted.
Virginia Congressional Map Reshapes the 2026 Midterm Battlefield
The new map leaves just one solidly Republican seat out of Virginia’s 11 congressional districts, a dramatic shift from the current arrangement in which Democrats hold six seats and Republicans hold five. NPR reported that Democrats could pick up as many as four seats under the redrawn lines, a gain that would significantly improve the party’s chances of reclaiming the House majority this fall. Virginia Democratic state House Speaker Don Scott said in a statement, “Virginia just changed the trajectory of the 2026 midterms.”
Republicans Challenge the Map in Court
The result does not guarantee the new districts will be used in the 2026 elections. Republicans have filed legal challenges against the referendum, arguing the process used to bypass Virginia’s bipartisan redistricting commission was procedurally flawed. NBC News reported that the Virginia Supreme Court declined to block the special election from proceeding, but reserved the right to rule on the legal questions after the vote, leaving the map’s ultimate status in litigation. Virginia House Republican Leader Terry Kilgore said “serious legal questions remain about both the wording of this referendum and the process used to put it before voters.”
The Wider Redistricting Battle Behind the Vote
The Virginia result is the latest move in a national redistricting fight that accelerated last year when President Trump urged Republican-controlled states including Texas, Missouri, and North Carolina to redraw their maps for GOP advantage. Democrats responded, successfully pushing new maps in California and now Virginia. Together, analysts say the net effect of the state-by-state redistricting moves may leave the parties roughly even in added seats, though Virginia’s four potential gains represent the most consequential single-state result of the Democratic counter-effort. Whether the new map survives its legal challenges will determine whether Democrats realize those gains before November.
Virginia Governor Abigail Spanberger said the state was committed to returning to its bipartisan redistricting process after the 2030 census.
New 20mph signs vandalised ‘within hours’ in Cambridgeshire village
The Padel Club secures 8 new sites with Northern Powerhouse Investment Fund backing
Bitcoin fails to break $80,000, back under $78,000
Manchester United reach agreement with Casemiro over contract clause amid transfer speculation
Steven Gerrard disagrees with Gary Neville over ‘shock’ Chelsea and Arsenal claim | Football
US brings back mandatory military draft registration
-
Sports6 days agoNWFL Suspends Two Players Over Post-Match Clash in Ado-Ekiti
-
Fashion5 days agoWeekend Open Thread: Theodora Dress
-
Politics5 days agoPalestine barred from entering Canada for FIFA Congress
-
Entertainment3 days ago
NBA Analyst Charles Barkley Chimes in on Ice Spice McDonald’s Fiasco
-
Business4 days agoPowerball Result April 18, 2026: No Jackpot Winner in Powerball Draw: $75 Million Rolls Over
-
Tech4 days agoAuto Enthusiast Scores Running Tesla Model 3 for Two Grand and Turns It Into Bare-Bones Go-Kart
-
Politics4 days agoZack Polanski demands ‘council homes not luxury flats for foreign investors’
-
Crypto World5 days agoRussia Pushes Bill to Criminalize Unregistered Crypto Services
-
Politics2 days agoGary Stevenson delivers timely reminder to register to vote as deadline TODAY
-
Politics10 hours agoDisabled people challenge government SEND proposals over segregation concerns
-
Business19 hours agoRolls-Royce Voted UK’s Most Iconic Trade Mark as IPO Register Hits 150
-
Politics10 hours agoMaking troops accountable for war crimes threatens US alliance, ex-SAS colonel warns
-
Business6 days agoCreo Medical agree sale of its manufacturing operation
-
Crypto World5 days agoRussia Introduces Bill To Criminalize Unregistered Crypto Services
-
Politics11 hours agoStarmer handler McSweeney to be dragged from shadows by Foreign Affairs Committee
-
Politics11 hours agoZack Polanski responds to home secretary’s taser threat
-
Politics12 hours ago
Wings Over Scotland | How To Get Away With Crimes
-
Crypto World4 days ago
Kelp DAO rsETH Bridge Hack Drains $292M as DeFi Losses Top $600M in Two Weeks
-
Politics9 hours ago‘Iran is still a nuclear threat’
-
Sports7 days ago“Felt Much Better Today”: Josh Hazlewood Opens Up On His Recovery Win Over LSG
You must be logged in to post a comment Login