Trump-Linked Firm Reduces Stake in World Liberty Financial
DT Marks DeFi LLC, which has ties to Donald Trump, has quietly reduced its stake in the holding company behind World Liberty Financial to 40 percent. That figure was 60 percent in March and 75 percent in December 2024. While the exact timing of the reduction remains unclear, the development has raised ongoing suspicions about Trump’s ties to the crypto industry.
Democratic senators in March asked the Trump administration for a detailed explanation of its crypto connections, including Binance. Trump’s support for the project, which is associated with the WLFI token and USD1 stablecoin, has raised concerns that there could be a political influence-investment relationship.
Revolut Prepares to Launch Stablecoin
Digital bank Revolut is preparing to launch its own stablecoin. The company’s new step in the crypto space expands with stablecoin issuance after the Revolut X exchange. Collaboration talks are underway with at least one local crypto firm.
Revolut, which aims to diversify its income by issuing stablecoins, has an important position in the sector with 55 million individual customers and 500,000 institutional customers. The regulations clarified after the GENIUS Act in the US were an important factor that accelerated this move of the company.
Semler Scientific Doubles Its Bitcoin Target
Semler Scientific announced that it has hired Joe Burnett, an experienced crypto asset industry expert, as “Bitcoin Strategy Director” and announced its goal of holding 105,000 BTC by 2027. The company plans to reach 10,000 BTC by the end of 2025, 42,000 by the end of 2026, and 105,000 by the end of 2027.
The Nasdaq-listed health technology firm, which currently holds 4,449 BTC (~$462 million), stated that it has moved to the “Bitcoin Standard” with this move. Burnett describes Bitcoin as the “ultimate long-term asset,” and the company believes this strategy will create high value for shareholders.
Sol Strategies Expands to Nasdaq
Sol Strategies, a Canadian-based investment firm focused on Solana, has filed with the SEC to be listed on the Nasdaq exchange in the United States. The company’s shares rose 4.4% following the filing. If approved, the shares will be traded on Nasdaq under the ticker symbol “STKE.”
The company is known for its investments in the Solana ecosystem and currently holds more than 420,000 SOL tokens (approximately $61 million). The company, which plans to issue $1 billion worth of new shares in the future, has lost 17% of its value since the beginning of the year, but it has revived investor interest with its Nasdaq move.
Ford Launches Cardano-Based Legal Data Initiative
Ford Motor Company has begun a pilot project that aims to store legal data decentrally on the Cardano blockchain. This work, carried out in partnership with Iagon and Cloud Court, aims to store internal case documents more securely, transparently, and accessiblely.
While data is stored encrypted off-chain, operations such as access control and verification will be provided by the Cardano blockchain. If successful, this project, in which Ford is acting as an advisor, could pioneer the integration of blockchain and AI in areas such as law, healthcare, finance, and public administration.
Fetch.ai’s $50 Million FET Buyback
Fetch.ai, which operates in the field of artificial intelligence and blockchain, has launched a $50 million FET token buyback program. This step aims to instill confidence in the ecosystem ahead of the upcoming ASI merger and ensure price stability by reducing the token supply.
This strategic move could pull the FET token out of circulation, pushing its price up, while also increasing investor confidence. With the ASI merger, FET, AGIX, and OCEAN tokens will be brought together under one roof. Fetch.ai’s buyback is seen as a strong support for the merger process.
Arizona Senate Revives Bitcoin Reserve Act
The Arizona Senate has revived and passed the HB2324 bill, which would create a Bitcoin and Digital Assets Reserve Fund for criminal seizures of crypto assets. The fund would provide for the safe storage, sale or holding of digital assets.
The HB2324 bill would allow assets to be stored in digital wallets, sold on licensed exchanges or held according to market conditions. The first $300,000 in revenue would be transferred to the Attorney General’s Office, while the remaining earnings would go to the Attorney General’s Office, 25 percent to the general fund and 25 percent to the new reserve fund. The law also allows the fund to invest in Bitcoin and crypto ETFs.
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BITCOIN (BTC)
BTC is trading at $104,250 as of the morning hours, down 0.38%. In downward movements, the first support level coincides with the rising trend line at $103,880. Below this level, the levels of $103,502 and $101,411 can be followed as strong support.
In upward movements, the levels of $105,984 and $107,827 are followed as resistance. The triangle formation where the price is stuck may cause increased volatility in the direction of a possible breakout.
ETHEREUM(ETH)
ETH is priced at $ 2,507 as of the morning hours with a 0.56% loss in value. The first support level in downward movements is at $ 2,464. If this level is broken, the $ 2,382 – $ 2,322 range can be monitored as an important demand zone.
In upward movements, the $ 2,588 and $ 2,682 levels stand out as resistance. Exceeding these levels could bring the area up to $2,877 back on the agenda.
RIPPLE(XRP)
XRP is priced at $ 2.1480 as of the morning hours with a 0.78% loss in value. The price is moving close to the important support area between $ 2.1304 and $ 2.0865. This area has been tested many times before and strong buyer reactions have been received. Therefore, maintaining this support range will be important.
The first resistance level in upward movements can be followed at $ 2.2112. If this level is exceeded, the $ 2.2737 and $ 2.3389 levels can be followed as resistance respectively.
AVALANCHE(AVAX)
AVAX is trading at $ 17.94 levels with a 0.66% loss in value as of the morning hours. The price seems to have encountered purchases from the support level at $ 17.61. However, there are pullbacks. If closings occur below this level, the support of $ 17.14 and then $ 16.44 may come to the fore in the continuation of the decline.
In possible upward reactions, the first resistance is at $ 18.72. If this level is exceeded, the $ 19.86 and $ 21.52 levels can be monitored as the next resistance zones.
SOLANA(SOL)
SOL is traded at $ 144.80 levels with a 1.50% loss in value as of the morning hours. If the SOL pullbacks, which broke the $ 149 support, continue, it can be expected that the $ 141.40 level will work as support. If breaks are seen from here, $ 134.83 can be met as the region where buyers are concentrated.
In case of a possible positive trend, $ 149.10 is our first resistance level. Then the $ 157.75 level may be our next target area. The fact that the price is quite squeezed may indicate that volatility may increase in the near future.
