Category: Crypto market

The US Department of Justice (DOJ) escalated its antitrust action against Google parent Alphabet, calling for a court-ordered dissolution of the online advertising conglomerate. Google was asked to sell off its advertising exchange AdX immediately.

This should be followed by a “phased” sale of DoubleClick for Publishers, its publisher ad server, and a key component of its digital advertising stack.

The action was prompted by US District Judge Leonie Brinkema’s conclusion that Google harmed competition and innovation by monopolizing the ad tech market. The DOJ claims that Google inflated costs for advertisers and decreased revenue for publishers due to its dominance in tools for buying and selling online display ads.

Google has previously denied any wrongdoing, the company is expected to contest any divestiture order. Alphabet had a strong start to 2025, as evidenced by increased sales and operating margins of 12 percent and 230 basis points year over year. Google Cloud has grown by 28% annually, remains the company’s main growth driver.

Markets have been impressed by Alphabet’s strong execution, made significant progress in monetizing generative AI despite a turbulent macro environment, ongoing antitrust cases, and fierce competition in the field. In 2025, Alphabet reiterated its plan to invest $75 billion in capital projects.

Markets view these investments as sound and believe the company has a significant, long-term opportunity in generative AI.

President Donald Trump is hosting two dinners with a crypto theme: one for wealthy political donors and the other for meme coin millionaires. Both have the potential to bring in millions for him. The first event, one of the most expensive political fundraisers in recent history, is scheduled for Monday and will cost $1.05 million per plate.

The dinner provides holders of the $TRUMP token, rather than cash, access to Trump’s inner circle, and MAGA Inc. is the host.

David Sacks, a special guest at the May 5 “Crypto and AI Innovators Dinner,” has been working to revise the nation’s laws regarding artificial intelligence and cryptocurrency. MAGA, the committee that received the funds, is a super PAC that backs Trump, even though the president isn’t allowed to run for a third term under the Constitution.

The PAC is holding several dinners to raise millions of dollars, but it remains unclear how it will use those funds.

The cryptocurrency community has applauded Sacks’ increasing power in Washington, praising him and other Trump-aligned appointees for a significant policy shift that has already led to several regulatory victories for various federal agencies. Many business leaders characterize this change as a 180-degree turn from President Joe Biden.

The second gala dinner will take place at Trump National, his private club, in Washington, D.C., later this month. $ TRUMP meme token will determine the guest list.

Users are admitted based on the number of tokens they possess rather than their cash, and the top 220 are guaranteed dinner with Trump.

XRP has been capped since early 2025 and is approaching a critical point on the charts, just below a significant descending resistance line.

According to Coinglass data, the asset is tightly compressed between this resistance near $2.22 and the 200-day Exponential Moving Average at roughly $1.99. The long/short ratio for Ripple XRP is near 1, indicating that more traders are betting on a decline than a rally.

This ratio has stayed below 1, suggesting that bearish sentiment has taken over for nearly two weeks.

The volume of derivatives is relatively high despite a slight decline in open interest, indicating that traders are still active, albeit primarily short, in anticipation of a decline. XRP is trading at $2.14 on the technical front, just above $2.05, a critical support level. If that threshold is breached, there may be more drastic short-term drops.

Although neutral at 47, the relative strength index is steadily dropping. It is not yet oversold, so a further drop is still possible.

Trading activity has slowed considerably, with volume and volatility falling.

Even though the price has been muted, historical trends indicate a good chance of a significant breakout after the consolidation phase ends. If the resistance is not overcome, focus may shift to the lower support levels. A decline toward $1.85 or even $1.70 could result from a breakdown below the $2.00–$1.99 range.

Additionally, a descending triangle pattern is emerging, which traditionally suggests further declines if supported by persistently low volume or market weakness.

The Trump administration increased the chances of an XRP ETF being approved to 85 percent. Analysts who believe that XRP may hit new all-time highs in 2025. The altcoin’s market structure seems to be strengthening despite weak U.S. economic data

Market action showed the altcoin is trading inside a falling wedge pattern, a bullish reversal chart pattern with two trend lines that converge to connect lower highs and lower lows. A break above the upper trendline at $2.4 could push buyers to target $2.8, as this pattern indicates waning downward momentum.

The favorable market conditions for an upward trend are indicated by the relative strength index (RSI) staying above the midline. XRP must, however, maintain support at $2.20 and get past resistance between $2.80 and $3.00 to continue its recovery. With some forecasting a rise to $19 based on the falling wedge pattern, analysts.

Future developments in the ongoing SEC case against Ripple are still critical to the supply-demand outlook for XRP. Investors are awaiting an SEC court filing asking Judge Analisa Torres to lift the ban on XRP sales to institutional investors and lower the $125 million fine.

Judge Torres’s Final Judgment Modification could pave the way for a US XRP-spot ETF market. On April 10, the SEC and Ripple filed a motion to halt the appeal together, pointing to the possibility of a settlement. If the resolution is successful, the SEC may be open to adding XRP to the crypto ETF market.