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US Senator Warren: The GENIUS Act may facilitate the president's profiteering, calling on the Senate to veto the bill U.S. Senator Elizabeth Warren said on the X platform, “Trump has used his stablecoin to reach a $2 billion deal with a suspicious fund in the UAE. The Senate will vote on the GENIUS Act, a crypto bill that will make it easier for the president to commit fraud. If we don’t solve this problem, no senator should vote for it.”

Turbo’s 223% Meme Coin Surge, Whale Games or Retail Trap? Turbo ($TURBO ) has been on a tear, skyrocketing 223% last month while Bitcoin limped to 13%. But with attention fading and leverage spiking, is this AI-powered memecoin a ticket to riches or a whale-driven pump-and-dump? I’m diving into on-chain metrics, futures bets, and holder dynamics to uncover who’s fueling this rally and how long it can last. From whale wallets to market maker tricks, this is your guide to trading TURBO smart, so let’s break it down step by step. Turbo’s rally is a leveraged beast, not a retail love story. On Ethereum, TURBO has 50,000+ holders, but growth is flat. Retail (175K tokens, ~$1K) drove May 2024’s pump, but now retail and mid-tier (1.75M tokens, ~$10K) holders are stagnant, and whales (17.5M tokens, ~$100K) show only slight upticks, insufficient for a 223% spike. On-chain liquidity is thin, the top pool’s just $500K for a $400M market cap token, and only 18 wallets traded in 24 hours. Meanwhile, centralized exchanges (CEXs) like Binance, Uphold, and Bitget hold massive supply, with $200M in perpetual futures volume dwarfing $181K on-chain trades—a 1,000x gap. This screams market maker manipulation, not organic demand. TURBO’s up 223% versus BTC’s 13%, but upside may cap at $0.0069 (40% from $0.005), with downside to $0.0031 if shorts ease. Beginners, avoid TURBO, stick to BTC for stability. Intermediate traders, track TURBO/USDT, buy dips at $0.0045, sell at $0.0065. Pros, long TURBO/BTC at $0.005, short at $0.007, set 5% stops. Futures markets are TURBO’s rocket fuel. Perpetual futures show negative funding rates, with shorts paying longs 0.05% every 8 hours (45% annualized), signaling crowded bearish bets. On April 23, 2025, this triggered a short squeeze, pumping TURBO as market makers bought spot to liquidate shorts, pocketing fees. Open interest (bets’ total value) tracks price, high interest means pumps, low means dumps. Current open interest is rising, incentivizing makers to push prices higher. Stablecoin market cap ($242B, up 85% since October 2023) supports crypto’s bull run, with BTC up 260%. If stablecoin dominance drops to 5% (from 5-9%), BTC could hit $130K-$150K, dragging TURBO along short-term. But CEXs like Binance may sell allocations silently, capping gains. Beginners, skip futures, they’re a bloodbath. Intermediate traders, watch funding rates, negative rates mean squeeze potential. Pros, long TURBO futures at $0.005, short at $0.007, keep 20% in USDT. Holder dynamics expose whale control. Binance (9.13% of supply), Uphold, and Bitget dominate, moving prices via CEX trades, not on-chain. Whale wallets (17.5M+ tokens) barely budged, suggesting smart money’s not buying this rally—it’s retail FOMO and maker games. Memecoins like TURBO thrive on hype, not utility, unlike Ethereum’s DeFi dominance ($69.4B TVL). Bitcoin’s rising dominance (56.5% and climbing) crushes alts, with alt seasons needing 70% BTC dominance, not here yet. TURBO’s AI story (created by GPT-4 for $69) and community governance add buzz, but lack real use cases. Beginners, learn BTC basics, skip memecoins. Intermediate traders, monitor whale wallets, sell on CEX volume spikes. Pros, short TURBO/ETH if BTC dominance hits 60%, pair with BTC longs. The market’s less risky but still brutal. Stablecoin market cap outpaces DeFi TVL ($69.4B), signaling lower leverage than 2021’s DeFi Ponzi era (Terra Luna, Olympus DAO). Memecoins like TURBO surged as “fair” player-versus-player bets, unlike insider-heavy alts. But it’s a winner-takes-all game, only 0.002% of Pump.fun wallets made $1M+, 0.05% hit $100K. TURBO’s rally mirrors this, driven by skilled players (CEXs, whales) exploiting retail. Binance-listed tokens underperform, possibly due to allocation dumps. Beginners, dollar-cost average BTC, avoid TURBO. Intermediate traders, diversify into gold, sell TURBO at $0.0069. Pros, bet on BTC for dominance, short TURBO post-squeeze. Lesson: skill beats luck, but most lose to insiders. My play? I’m skeptical of TURBO’s rally it’s a CEX-fueled squeeze, not a whale buy. I might short TURBO/BTC at $0.007 if funding rates neutralize, with a 5% stop. I’d buy TURBO only below $0.0045 on a dip. Beginners, stick to BTC, no leverage. Intermediate traders, sell TURBO at $0.0065, track open interest. Pros, short TURBO futures at $0.007, long BTC, keep 30% in USDT. Got a TURBO prediction or memecoin gem? Drop it below, let’s keep the NEXT MOVE crew stacking profits!. $BTC $ETH $SOL $XRP $ENA $ADA $VIRTUAL $NEIROETH $BROCCOLI $PENGU $HOUSE $HAEDAL $GORK $TURBO

US senators propose MEME bill to ban president and congress members from issuing Meme coins US Senator Chris Murphy posted on the X platform that he will propose the "MEME Act" to prohibit the president or members of Congress from issuing Meme coins. Murphy said that "Trump Coin is the biggest corruption scandal in the history of the White House" and said that he will work with Congressman Sam Liccardo to promote legislation to curb such behavior.

Analyst Identifies When Bitcoin Price Will Reach Cycle Top — Here’s The Timeline The Bitcoin price appeared to have reached its top in this current cycle, embarking on a downward trend after notching a new all-time high of $108,786 at the beginning of the year. The story seems to be changing again for the premier cryptocurrency, as it builds on recent bullish momentum and looks to reclaim the $100,000 level. When Will BTC Price Reach The Cycle Top? In a recent post on the X platform, crypto analyst Brett put forward an interesting analysis of the Bitcoin price structure and its potential trajectory in what remains of the current cycle. This evaluation looks at the price of BTC from the cycle “bottom to present” and “present to top.” Related Reading: Solana Rebound To $900 Is Coming, But This Resistance Stands In The Way Using the previous two cycles as a foundation, Brett was able to calculate the .

Tim Draper Foresees Bitcoin Could Be Worth Infinite US Dollars Bitcoin could be worth an infinite amount of U.S. dollars, says Tim Draper, sounding alarms over collapsing fiat trust, historic dollar weakness, and accelerating crypto dominance. Tim Draper Urges Bitcoin Readiness Amid Currency Collapse Fears Tim Draper, a prominent venture capitalist known for early bitcoin investments, shared a stark economic forecast on May 1 via social media platform X. He asserted that bitcoin could ultimately be valued infinitely in U.S. dollars if current monetary trends and geopolitical tensions continue. He opened with a sweeping statement: Bitcoin might be worth an infinite amount of USD. Draper explained that during the Civil War, the Confederate dollar—originally equal in value to the U.S. dollar—experienced hyperinflation, collapsing to more than 10 million to 1 by the war’s end. As trust deteriorated, .