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President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million. According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th. With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply. TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion. Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher. Like most digital assets, TRUMP suffered recently following the escalation of the president’s trade war, starting when he signed an executive order that slapped tariffs on all imported goods entering the US with the stated goal of protecting domestic manufacturing. Despite the unlock, cryptocurrency trader and analyst Ali Martinez is l...

The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish the dominance of the US dollar. “Tokenization of securities, which we’re very excited about, allows you to have ownership in companies… Stablecoins are viewed rightly as an area that could increase demand among individuals overseas as governments become prone to diversifying away from holding treasuries. So in the same way that stablecoin legislation can kind of push forward US dollar dominance, I think tokenized securities can really push forward US company dominance in the global market.” Tenev notes that by tokenzing securities on global blockchains, investors outside the US will be able to invest i...

An analyst who accurately called the market collapse of 2022 says that a massive black swan event could crush altcoins ahead of the US election. Writing to his 105,000 subscribers in his Telegram channel, pseudonymous crypto analyst Capo says that OTHERS, which tracks the market cap of all crypto assets excluding stablecoins and the top 10 ranked coins, could be headed for a massive drop during the election. Capo doesn’t make any predictions on what exactly the black swan event could be but says it will likely be an optimal buying opportunity. “Quick update: As mentioned before, several factors could trigger a black swan event before the US election. This would cause a 35% avg. drop for altcoins, meaning that big caps could dump 25-35%, and low caps could dump 40-60%. Once again, this would be a very last shakeout before a real altseason could begin. So if it happens, just be ready and don’t get scared. Stay safe.” Source: Capo/Telegram...

Ripple’s XRP token is among the most popular crypto assets in the market. It is also among the most utilized currencies for cross-border remittance. Despite its popularity, XRP’s price has taken a nosedive over the last few years. The asset has not breached the $1 mark since late 2021. It is also down by nearly 84% from its all-time high of $3.40, which it attained in January 2018, over six years ago. Also Read: Ripple: Two Reasons Why Investors Should Hold Their XRP And Not Sell It Why Has The Asset Performed Poorly? Source – Coinpedia One significant barrier to XRP’s price was the SEC vs. Ripple lawsuit. The financial watchdog filed a suit in December 2020, accusing the fintech company of selling unregistered securities. Recently, both parties decided to settle the matter, with the fintech company being fined $125 million. The company does not seem to have any legal woes to weigh it down, which could set the stage for XRP to hit new highs. Also Read: Why Is the...