The report marks a sharp departure from FSOC’s earlier warnings about digital assets posing systemic risks. It says the new framework allows banks and institutions to engage in crypto-related activities “consistent with safety, soundness, and existing laws.” The council dropped language used in past reports that labelled stablecoins as highly vulnerable to runs or concentration risks.

Under the GENIUS Act, stablecoin issuers must now follow reserve, disclosure, and compliance standards—bringing them fully under federal oversight. That, analysts say, has transformed crypto from an unregulated threat into a supervised financial segment.

“What changed isn’t that stablecoins suddenly became safe, it’s that the US finally put a federal wrapper around them,” said Yan Ketelers, CMO at Human. tech. “The GENIUS Act gave regulators something concrete to point to. Risks didn’t vanish, but they became governable.”

The FSOC also confirmed that federal banking agencies have rolled back restrictive guidance from 2023, clearing banks to hold digital assets, offer custody services, and participate in tokenization pilots without prior “no-objection” letters.

The report further downplayed concerns about crypto’s link to illicit finance, stating that most blockchain activity is now tied to legitimate use cases.

The new approach aligns with President Trump’s goal of integrating crypto into the broader US economy. During the GENIUS Act signing, Trump called it “a landmark step toward restoring American financial leadership.”

While the US now promotes stablecoin innovation, European regulators remain cautious. The UK, however, is preparing similar legislation to bring crypto firms under the Financial Conduct Authority by 2027, mirroring Washington’s direction.

As Will Beeson, CEO of Uniform Labs, put it: “If the US is opening doors to stablecoin growth, other nations can’t afford to keep them closed.”

Related: Bank of Japan to Begin Selling $534B in ETFs, What It Means for Markets and Crypto

Japan Bond Market Explained: Why Yen Carry Trade Still Moves Stocks And Crypto?

The post US Regulators Ease Tone on Crypto as FSOC Cites GENIUS Act for Market Stability first appeared on Finblog.

But their plan unraveled when the trader — who has built a modest TikTok following of 40,000 — showed them his account balance and explained he couldn’t pay. After verifying he was effectively broke, the kidnappers released him unharmed on Saturday.

French police on high alert

The case is now being handled by France’s Organized and Specialized Crime Division, which has issued the trader six days of official work incapacity leave due to the incident.

It’s part of a troubling trend. France has experienced a surge in crypto-linked abductions in recent months — often targeting entrepreneurs or their families.

On May 13, the daughter and grandson of Pierre Noizat, CEO of French crypto exchange Paymium, were nearly kidnapped.
On May 3, police freed the father of another crypto entrepreneur, who had been held for days and had a finger severed during a €7 million ransom attempt.

Network of kidnappers uncovered

The French prosecutor’s office has taken aggressive action. On May 31, 25 suspects were charged in connection to multiple coordinated plots targeting crypto figures. One week later, on June 4, a suspected ringleader was arrested in Morocco.

Law enforcement sources suggest the attacks are being driven by criminal networks exploiting social media visibility.

Crypto may be decentralized — but criminals are watching TikTok. In France, a wave of real-world violence is colliding with digital assets, forcing both users and regulators to take new precautions.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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The post TikTok crypto trader was released after kidnappers realized he’s broke first appeared on Finblog.

The attackers used the hijacked accounts to promote fake Solana tokens, promising high returns to unsuspecting investors. By leveraging the credibility of high-profile names like Visa and Dean Norris, the scammers managed to amplify the reach of their fraudulent activities.

Users were redirected to fraudulent websites claiming to offer exclusive token sales, but instead, their funds were siphoned away. This exploit demonstrates the evolving tactics scammers employ to capitalize on the booming cryptocurrency market.

Impact on the Community

• Crypto Investors Targeted: The attack targeted retail investors eager to participate in Solana-related projects, exploiting their trust in recognized names.
• Visa and Dean Norris Respond: Both parties have regained control of their accounts and issued statements warning users against interacting with the fraudulent content.
• Rising Scam Trends: This incident underscores the need for heightened vigilance as scams involving cryptocurrency and social media continue to rise.

Cybersecurity analysts point out that scammers increasingly rely on social engineering tactics to exploit high-profile platforms. The attack also highlights vulnerabilities in account security measures and the urgent need for enhanced protections on social media platforms.

This event serves as a reminder for individuals and organizations to exercise caution while interacting with cryptocurrency promotions online. Always verify the authenticity of information, even when it appears to come from trusted sources, and ensure robust security measures to protect accounts from potential breaches.

The post Scammers Hijack Visa, Dean Norris Social Media Accounts to Promote Fake Solana Tokens first appeared on Finblog.

1. New Wallet Dominance:
   • 50% of TRUMP token holders were new to Solana, indicating a significant influx of first-time users into the blockchain ecosystem.
   • Almost 46.5% of wallets holding TRUMP and MELANIA tokens were created on the same day the tokens were purchased, highlighting the memecoins’ rapid adoption among retail investors.
2. Low Earnings for Most Holders:
   • 77% of TRUMP memecoin holders earned less than $100, underlining the disparity in profits within the ecosystem. This data suggests that most retail investors failed to capitalize on the speculative hype surrounding the tokens.
3. Whale Control:
   • 40 whales collectively hold 94% of the TRUMP and MELANIA tokens, showcasing a highly centralized distribution.
   • 60 whales profited over $10 million each, demonstrating the disproportionate gains by a small group of investors, likely due to early access and large-scale trading.

The centralization of TRUMP and MELANIA tokens raises concerns about fairness in the memecoin ecosystem. While the hype attracted many new users to Solana, the uneven distribution of profits could deter long-term adoption and trust. The dominance of a small number of whales also exposes the tokens to potential market manipulation.

Related: Donald Trump Did Not Get Tens Of Billions Of Dollars Richer From $TRUMP Meme Coin—Here’s Why

Here’s why you should avoid $TRUMP meme coin

$TRUMP MEME Hit $24B Market Cap in Hours: What happened?!

$TRUMP dips after Trump admits ‘I don’t know much about it’

The post 77% of $TRUMP holders made less than $100 first appeared on Finblog.

Historically, altcoin seasons have been marked by significant price rallies for non-Bitcoin cryptocurrencies.

In the 2017-2018 cycle, the altcoin market experienced its most explosive growth, with coins like Ether ETHUSD, XRP XRPUSD, and Litecoin LTCUSD posting record-breaking gains. 

Crypto analyst Ali Martinez argues that the sheer number of altcoins now makes the possibility of a sustained altseason unlikely. 

“Today, there are over 36.4 million altcoins, compared to fewer than 3,000 during the 2017-2018 alt season and even fewer than 500 altcoins in 2013-2014,” Martinez posted on X, citing data from Dune Analytics. “With such massive supply, the market has changed significantly.”

Supply greater than demand

Echoing this sentiment, economist Alex Krüger noted how the oversupply of tokens affects market behavior. 

“Too many tokens. Infinite more to come. Supply of tokens is greater than demand. This illustrates why expecting an ‘altseason’ where everything goes up for an extended period of time is misplaced,” Krüger wrote on X. He predicted that future alt seasons would be shorter, lasting only “a few days to a few weeks at most.” 

Krüger also pointed out the challenges for investors, noting that the abundance of options makes effective portfolio management more difficult: 

“Being a good coin picker is now very hard. Just as being a good stocks picker is also very hard.”

Pseudonymous crypto trader Ash Crypto raised concerns about the dilution of the altcoin market, blaming the proliferation of memecoins and low-quality tokens. 

“Market is diluted […] exchanges [are] only listing memes to grab volume and grow their user base. Retail buys these memes and [is] down 80% in a week and then quit,” he said, criticizing the behavior of crypto exchanges.

Meanwhile, Ki Young Ju, CEO of CryptoQuant, compared altcoins to Bitcoin, stating, “Only a few altcoin projects with strong use cases and narratives will survive.”

Bitcoin has doubled its market cap since 2021 to $2.07 trillion, while the total altcoin market capitalization remains at $1.6 trillion, about 15.8% below its all-time high of $1.9 trillion, reached during a brief rally in December 2024.

Institutional Interest could drive select altcoins

However, not all analysts are bearish on altcoins. 

Michaël van de Poppe predicts that certain utility-focused coins could attract institutional interest, saying, “I think that we’ll also see real utility coins take the spotlight as institutional interest continues to grow.” 

Van de Poppe further noted that Ethereum might lead the next rally, describing ETH as “the most hated rally of 2025.”

The original article was featured on TradingView.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The post Too many tokens? Analysts argue oversupply could end altcoin season first appeared on Finblog.

History often rhymes. In 2017, Trump had to hand over his business empire to his sons due to conflicts of interest. The Trump Organization was placed in a trust controlled by his family. Now, he’s done something similar with his digital assets…

This pre-emptive move is brilliant: By distancing himself from direct control of his digital assets before taking office… He’s created a fascinating new dynamic in presidential history. But here’s where it gets revolutionary:

For the first time, we have a financial instrument that directly reflects presidential performance. Every policy win, every diplomatic victory, every economic decision… Will be immediately priced into the market. And this creates an unprecedented feedback loop:

While the meme coin grabs headlines, something more profound is happening: The stablecoin market has quietly grown to $207 billion. This isn’t just another crypto milestone. It signals a fundamental shift in how value moves:

Think about the implications:

• A president incentivized to boost crypto adoption
• Regulatory clarity becoming inevitable
• Global markets forced to embrace digital assets

But there’s an even bigger story developing:

93% of central banks are now working on digital currencies. 60% have accelerated their plans due to recent crypto developments. And 81% expect to issue their own digital currency. This creates a perfect storm:

Why? Because for the first time:

• Presidential interests align with crypto adoption
• Global regulatory barriers are falling
• Institutional money is flowing in

The implications are staggering:

Cross-border payments costs will drop by 40-80%. Blockchain technology will boost global GDP by $2.1 trillion by 2030. Nearly half of this growth will come from emerging markets. But here’s the key insight:

The meme coin isn’t just a token – it’s the world’s most powerful marketing campaign for crypto. Every headline, every price swing, every viral moment… Drives more attention to digital assets. And this reveals something crucial:

Stablecoins are the real beneficiary:

• They’re the safe haven during volatility
• They’re the bridge to traditional finance
• They’re the foundation for mass adoption

Here’s why this matters:

We’re not just witnessing a price movement. We’re seeing the birth of a new financial paradigm where: Presidential success, market dynamics, and technological adoption are perfectly aligned. And this changes everything:

The next four years won’t just be crypto-friendly. They’ll be the period when digital assets become too big to ignore. When stablecoins cross the chasm to mass adoption.

Related: Donald Trump Did Not Get Tens Of Billions Of Dollars Richer From $TRUMP Meme Coin—Here’s Why

Here’s why you should avoid $TRUMP meme coin

$TRUMP MEME Hit $24B Market Cap in Hours: What happened?!

Source:

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The post The most important financial story of 2025 isn’t what you think: first appeared on Finblog.

Donald Trump’s newly launched namesake meme coin has taken another tumble after the US president admitted he didn’t know much about it.

“I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful,” Trump said in response to a reporter’s question at a Jan. 21 press conference announcing a $500 billion artificial intelligence investment venture.

“I haven’t checked it. Where is it today?” he asked. After he was told his token made billions, he said, “Several billion … that’s peanuts for these guys” — pointing behind him to OpenAI boss Sam Altman, Oracle tech chief Larry Ellison and SoftBank CEO Masayoshi Son.

$TRUMP crashes over -30% after Trump says "I don't know very much about it." Then corrected, worth to say.#WednesdayMotivation pic.twitter.com/9yi7JaXkud

— Finblog.com (@FinBlog452366) January 22, 2025

The Official Trump (TRUMP) meme coin has dropped from a 24-hour high of over $48 to trade around $42. The token is down over 43% since its peak high of $73.43 on Jan. 19, according to CoinGecko.

Trump’s crypto team conducted a surprise launch of the meme coin on Jan. 18. It hit an all-time high the following day, giving it a fully diluted valuation of more than $70 billion, flipping other major meme coins. 

“Trump just nuked his own meme coin,” said Bloomberg ETF analyst James Seyffart in response to Trump’s comments.

Financial outlet The Kobeissi Letter commented that “it seems as though Donald Trump is not actively involved with the launch of TRUMP. This also explains the absence of comments since it launched.” 

Adding to TRUMP’s decline was the launch of a namesake meme coin by First Lady Melania Trump. Melania Meme (MELANIA) topped $13 in an all-time high on Jan. 20 but has since tanked 68% to just over $4. 

BREAKING: Donald Trump’s memecoin, $TRUMP, crashes over -30% after he says “I don’t know very much about it.”

Who’s running the $TRUMP memecoin? pic.twitter.com/p9gWVz1HVV— The Kobeissi Letter (@KobeissiLetter) January 21, 2025

Related: Donald Trump Did Not Get Tens Of Billions Of Dollars Richer From $TRUMP Meme Coin—Here’s Why

Here’s why you should avoid $TRUMP meme coin

$TRUMP MEME Hit $24B Market Cap in Hours: What happened?!

The crypto community has been sceptical about the president’s meme coin, with some correctly predicting that it would sell off after the inauguration. 

There are 200 million TRUMP currently in circulation, and supply will grow to a total of 1 billion coins over three years, according to a statement on the token’s website. 

According to Arkham Intelligence, one crypto wallet owned by Trump is very meme coin heavy, with the largest holding being a token called TROG of which he has $3.1 million worth. 

The post $TRUMP dips after Trump admits ‘I don’t know much about it’ first appeared on Finblog.

1. Market Cap Misinterpretation:
   At its peak, the $TRUMP coin had a valuation of $6 billion and a fully diluted market value of $30 billion. However, market capitalization is not equivalent to actual wealth, as it only reflects the theoretical total value of all tokens at a given price.
2. Trump’s Lack of Ownership:
   There is no evidence Trump holds any $TRUMP tokens or has financial ties to the coin. The project was developed by independent creators without Trump’s involvement or endorsement.
3. Speculative Hype:
   The coin’s surge in value was driven by social media frenzy and speculative trading, with no foundational backing from Trump or his businesses.
4. Cryptocurrency Dynamics:
   In crypto markets, a coin’s market cap can rise or fall dramatically based on trading activity and perceived hype, but this doesn’t mean the creators or associated figures automatically gain the entire market value.

The speculation linking Donald Trump to the $TRUMP memecoin is unfounded. While the coin gained massive popularity, its valuation does not translate to real wealth for Trump. This serves as a reminder of the speculative and volatile nature of cryptocurrency markets.

The article was featured on Forbes.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related articles: Here’s why you should avoid $TRUMP meme coin

$TRUMP MEME Hit $24B Market Cap in Hours: What happened?!

Explained: What Is Official $Trump Meme coin And How To Buy It?

The post Donald Trump Did Not Get Tens Of Billions Of Dollars Richer From $TRUMP Meme Coin—Here’s Why first appeared on Finblog.

1. XRP’s Target Price:
   • XRP is currently trading around $0.90 but is projected to reach $4.4 in the near future, representing nearly a 400% gain.
   • Analysts attribute this bullish outlook to the altcoin market heating up under a crypto-friendly administration.
2. Trump’s Pro-Crypto Leadership:
   • Trump’s administration has prioritized policies to position the U.S. as a global leader in cryptocurrency innovation.
   • Proposals such as a U.S. Bitcoin reserve and the streamlining of regulatory frameworks are boosting investor confidence in digital assets.
3. Altcoin Market Momentum:
   • As Bitcoin’s dominance stabilizes, altcoins like XRP are seeing increased attention from both retail and institutional investors.
   • XRP’s utility in cross-border payments and its potential partnerships with financial institutions are additional catalysts for its price growth.
4. Technical Analysis:
   • Analysts highlight strong support levels at $0.70, with resistance around $2. Breaking through these levels could pave the way for XRP to achieve its $4.4 target.

Market Challenges

• Regulatory Uncertainty: Despite Trump’s pro-crypto stance, XRP remains under scrutiny due to its ongoing legal battle with the SEC.
• Market Volatility: The cryptocurrency market remains prone to sharp fluctuations, which could impact XRP’s trajectory.

XRP’s potential to hit $4.4 reflects the growing optimism in the altcoin market under Trump’s pro-crypto leadership. With increasing adoption and favorable policies, XRP and other altcoins are positioned for significant growth. However, investors should remain cautious of regulatory and market risks.

The article is featured on CoinPedia.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The post XRP Price Targets $4.4 as Altcoin Market Heats Up Under Trump’s Pro-Crypto Leadership first appeared on Finblog.

What Are Crypto Wallets?

Crypto wallets are digital tools that allow users to store and manage their cryptocurrencies. They provide private keys that grant secure access to the funds stored on blockchain networks.

Top Crypto Wallets for 2025

1. MetaMask

Overview: A hot wallet ideal for DeFi and NFT transactions, supporting Ethereum and compatible blockchains.

Features:

• Browser extension and mobile app.
• Seamless dApp integration.
• Advanced transaction settings like gas fee customization.

2. Ledger Nano X

Overview: A cold wallet offering industry-leading security for long-term investors.

Features:

• Supports 1,800+ cryptocurrencies.
• Bluetooth connectivity for mobile pairing.
• Secure Element chip for maximum data protection.

3. Trust Wallet

Overview: A mobile wallet supporting over 50 blockchains and numerous tokens.

Features:

• Built-in exchange for token swaps.
• Multi-chain staking options.
• Non-custodial, ensuring user control over private keys.

4. Trezor Model T

Overview: A cold wallet offering advanced encryption for added security.

Features:

• Touchscreen for easy navigation.
• Open-source firmware audited for transparency.
• Backup and recovery systems for key management.

5. Exodus

Overview: A hybrid wallet available as a mobile and desktop app, combining sleek design with robust functionality.

Features:

• Multi-currency support for 260+ assets.
• Real-time portfolio tracking.
• Seamless integration with hardware wallets like Trezor.

How Crypto Wallets Work

1. Private and Public Keys
   
   Private Key: Equivalent to a password; ensures secure access to funds.
   Public Key: Similar to a bank account number; shareable for receiving funds.
2. Blockchain Integration: Wallets don’t store crypto but act as a gateway to access funds stored on blockchain networks.
3. Transactions: Users initiate transactions via wallets, which are validated and recorded on blockchains.

How to Use Crypto Wallets

1. Set Up a Wallet: Download the app (for hot/mobile wallets) or purchase hardware (for cold wallets).
2. Secure Your Keys: Store private keys offline. Use strong passwords and enable two-factor authentication.
3. Add Funds: Transfer cryptocurrencies from an exchange or another wallet to your new wallet.
4. Transact Safely: Double-check wallet addresses before sending funds. Use QR codes to minimize errors.

Benefits and Challenges in Using Crypto Wallets

Future of Crypto Wallets

1. Enhanced Security Protocols: Biometric authentication and hardware upgrades are becoming standard.
2. Integration with dApps: Wallets like MetaMask are expanding functionality to support more blockchain ecosystems.
3. User-Friendly Interfaces: Simplified interfaces will make crypto accessible to non-technical users.
4. Regulatory Compliance: Expect wallets to adopt measures ensuring adherence to global crypto regulations.

Related articles:

1. What is Crypto Analysis: Types and Strategies – Part 1
2. What is Crypto Analysis: Techniques and Indicators – Part 2
3. What are some benefits of using cryptocurrency as a method of payment?
4. What is cryptocurrency mining? A Beginner’s Guide to Getting Started
5. What is Cryptocurrency Solana (SOL) and How Does It Work?
6. How to Buy Solana Meme Coins and Create Your Own on Solana
7. How to Sell Bitcoin: A Step-by-Step Guide for Beginners
8. How to Pay with Cryptocurrency: A Guide to Digital Payments
9. What Are Meme Coins & How Do They Work?
10. How to Buy Meme Coins: A Beginner’s Guide
11. How to Trade in Crypto: Risks and Rewards
12. Which are Best FREE Crypto Exchanges & Apps in 2024
13. How to Invest in DeFi: A Step-by-Step Guide
14. Cryptocurrency Trading: What it is
and How to Trade?
15. Cryptocurrency vs. Stock Market: Where to Invest for 2025
16. Top DeFi Projects and Where to Trade Them in 2025

Sources:

Crypto.com University

Cointelegraph: What is a Bitcoin Wallet?

The post Top Crypto Wallets and How to Use in 2025 first appeared on Finblog.