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Twenty Senate Democrats in the U.S. have put forward a new bill designed to restrict cryptocurrency endorsements and related activities among top government officials and their immediate families. The proposed law, introduced on May 7, aims to address rising scrutiny over potential conflicts of interest at the highest levels of the U.S. government. The bill, officially named the “End Crypto Corruption Act of 2025,” seeks to prohibit a wide range of senior officials from issuing, promoting, or endorsing cryptocurrencies. This list includes the president, vice president, members of Congress, and select executive appointees. These proposed restrictions also extend to their spouses and dependent children, covering their terms in office and an additional year after they depart. The legislation would apply to all promotional activities and sponsorships connected to cryptocurrencies. However, ordinary sales transactions would still be permissible. According to the bill’s current draft, violations could lead to monetary fines or potential jail time. This legislative action follows growing concern among lawmakers about reported profits from memecoin activities linked to President Trump and his wife. Questions also surround Elon Musk, who serves as a special government employee in the Department of Government Efficiency (DOGE). Musk recently clarified that, despite speculation, DOGE has no plans to use the Shiba Inu-themed memecoin. Related: GENIUS Act Blocked After Senate Democrats Object to Security and Optics While the bill aims to restrict endorsements by officials, clarity is still needed on whether President Trump’s role as “chief crypto advocate” for World Liberty Financial would fall under its scope. This firm, reportedly more closely associated with his sons and other senior officials, is linked to promoting digital assets, including WLD1 stablecoins. Related: South Korea Cracks Down on Corruption in Crypto Enforcement Senate Democrats also voiced concerns about a reported $2 billion transaction involving WLD1 between crypto exchange Binance and an Abu Dhabi-based investment firm. These developments have amplified calls for stricter controls on cryptocurrency-related activities by government personnel. The introduction of the crypto endorsement ban occurs amidst wider debates on digital asset policy within the U.S. A separate legislative effort, the “Guiding and Establishing National Innovation for US Stablecoins of 2025 Act” (GENIUS Act), failed to pass a procedural vote in the Senate on May 8. This bill, sponsored by Senator Bill Hagerty and backed by both Republican and Democratic lawmakers, aimed to create a federal framework for stablecoins. Despite bipartisan support and proposed amendments to address anti-money laundering concerns, the stablecoin bill did not secure sufficient backing to advance. Treasury Secretary Scott Bessent, in a comment noted on X.com, described the failed vote as a “missed opportunity” to strengthen U.S. financial leadership in the digital asset space. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Shiba Inu (SHIB) , the meme coin that once set the crypto world on fire, is showing serious signs of life again. After a prolonged consolidation phase, SHIB is flashing bullish signals on both daily and hourly charts, suggesting that the next big move may be underway. With a growing community, strategic token burns, and increasing visibility across exchanges, SHIB price is slowly shedding its meme-only image and positioning itself as a serious player in the altcoin market. The question now is simple— what happens if you invest $1,000 in SHIB today ? Shiba Inu (SHIB) has recently shown a strong upward momentum on both daily and hourly charts, sparking renewed interest among meme coin investors. At the time of writing, SHIB is trading around $0.00001575, registering over 4% daily gains. Over the past week, its price has climbed steadily, crossing critical resistance levels and signaling a potential breakout pattern forming on higher timeframes. On the daily chart, SHIB price has broken above all its key moving averages (20, 50, and 100-day), turning them into support zones. The price pierced through the 200-day moving average, a level that previously acted as a ceiling since February 2025. The ADL (Accumulation/Distribution Line) is sharply rising, which confirms that buying pressure is outweighing selling, and volume inflow is fueling this rally. If bulls can maintain this momentum, the next resistance lies around $0.00001835. A breakout above that level could open the path to retesting the yearly high near $0.00002200. The hourly chart further reinforces bullish sentiment. SHIB price has formed a clean ascending structure since May 8, with higher highs and higher lows. All shorter EMAs have aligned in a classic bullish pattern. However, there is minor consolidation around $0.00001575, which could either serve as a base for another leg up or a short-term pause before a retracement to $0.00001480 support. If SHIB price were to rise back to its 2021 all-time high of $0.00008845, a $1,000 investment at today’s price of $0.00001575 would become approximately $5,615 — over 5x returns. While that’s a hypothetical scenario, even a moderate return to the $0.000030 region would nearly double your investment. The current technical structure indicates SHIB is in the early stages of a trend reversal, making these price levels attractive for long-term speculators. The sustainability of SHIB price rally hinges on broader market sentiment and continued demand. If Bitcoin and Ethereum maintain their bullish tone, meme coins like SHIB could enjoy further tailwinds. On-chain data and volume spikes support the view that SHIB is being accumulated. A daily close above $0.00001600 will validate a bullish breakout. On the downside, a fall below $0.00001400 may delay further upward momentum and trigger some short-term profit-taking. Shiba Inu price is showing all the right signs of a potential trend reversal, with a surge in volume, a break above moving averages, and strong accumulation pressure. For investors betting on meme coins with high upside potential, SHIB’s current breakout structure and low entry price may offer a strategic opportunity — especially if the broader market shifts into full bull mode. Shiba Inu (SHIB) , the meme coin that once set the crypto world on fire, is showing serious signs of life again. After a prolonged consolidation phase, SHIB is flashing bullish signals on both daily and hourly charts, suggesting that the next big move may be underway. With a growing community, strategic token burns, and increasing visibility across exchanges, SHIB price is slowly shedding its meme-only image and positioning itself as a serious player in the altcoin market. The question now is simple— what happens if you invest $1,000 in SHIB today ? Shiba Inu (SHIB) has recently shown a strong upward momentum on both daily and hourly charts, sparking renewed interest among meme coin investors. At the time of writing, SHIB is trading around $0.00001575, registering over 4% daily gains. Over the past week, its price has climbed steadily, crossing critical resistance levels and signaling a potential breakout pattern forming on higher timeframes. On the daily chart, SHIB price has broken above all its key moving averages (20, 50, and 100-day), turning them into support zones. The price pierced through the 200-day moving average, a level that previously acted as a ceiling since February 2025. The ADL (Accumulation/Distribution Line) is sharply rising, which confirms that buying pressure is outweighing selling, and volume inflow is fueling this rally. If bulls can maintain this momentum, the next resistance lies around $0.00001835. A breakout above that level could open the path to retesting the yearly high near $0.00002200. The hourly chart further reinforces bullish sentiment. SHIB price has formed a clean ascending structure since May 8, with higher highs and higher lows. All shorter EMAs have aligned in a classic bullish pattern. However, there is minor consolidation around $0.00001575, which could either serve as a base for another leg up or a short-term pause before a retracement to $0.00001480 support. If SHIB price were to rise back to its 2021 all-time high of $0.00008845, a $1,000 investment at today’s price of $0.00001575 would become approximately $5,615 — over 5x returns. While that’s a hypothetical scenario, even a moderate return to the $0.000030 region would nearly double your investment. The current technical structure indicates SHIB is in the early stages of a trend reversal, making these price levels attractive for long-term speculators. The sustainability of SHIB price rally hinges on broader market sentiment and continued demand. If Bitcoin and Ethereum maintain their bullish tone, meme coins like SHIB could enjoy further tailwinds. On-chain data and volume spikes support the view that SHIB is being accumulated. A daily close above $0.00001600 will validate a bullish breakout. On the downside, a fall below $0.00001400 may delay further upward momentum and trigger some short-term profit-taking. Shiba Inu price is showing all the right signs of a potential trend reversal, with a surge in volume, a break above moving averages, and strong accumulation pressure. For investors betting on meme coins with high upside potential, SHIB’s current breakout structure and low entry price may offer a strategic opportunity — especially if the broader market shifts into full bull mode.

The market has witnessed a notable move as Shiba Inu (SHIB) surged to the 15th position on CoinMarketCap , surpassing Hedera (HBAR). The spike points to the increase of SHIB’s market capitalization to $9.42 billion, surpassing HBAR’s $8.89 billion, indicating increased interest and major trading activities in the SHIB ecosystem, attracting strong market performance and significant whale accumulation. The price appreciation of SHIB increased by 21.27% last week, while Hedera gained 15.19% over the same period. At press time, the SHIB price is trading at $0.00001598, an increase of 4.42% within the last 24 hours. The trading volume in this period increased to $609.81 million, highlighting SHIB’s growing market presence. On the contrary, Hedera’s market cap sits at $8.89 billion, driven by a price of $0.2104 and a trading volume of $373.2 million in the past 24 hours. While Hedera has steadied, its lower trading volume and market cap have failed to keep pace with Shiba Inu’s recent surge. An essential factor contributing to Shiba Inu’s surge is increased activity from large investors, or “whales.” On May 8, the number of SHIB tokens moved across the network hit a seven-day high of 6.71 trillion. This increase in transactions aligns with a sharp 81.69% growth in SHIB’s trading volume, reflecting high market interest. Moreover, large holders have been accumulating, with a whale wallet inflow of over 2,952% since May 7. This increase in whale activity supports SHIB’s technical outlook. The token is now above the 50-day Exponential Moving Average (EMA) and is approaching the 200 EMA, a critical resistance level. A breakout above this level could confirm a substantive uptrend. With the pending bullish momentum and the growing number of market participants, it appears that SHIB is set to experience further bullish momentum. Although Shiba Inu’s price and volume performance increased, its token burn activity has reduced. Over the past 24 hours, 8158 SHIB tokens were burned , a 97% decline from the previous levels. Notably, this decrease may affect SHIB’s long-term deflationary view, which depends on the scarcity of tokens to boost price appreciation. However, the market’s current sentiment is still favorable, as evidenced by SHIB’s high market cap and price increase. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin’s recent price ascent took the asset to a new multi-month peak of over $104,000 where it faced some resistance and now sits above $103,000. Many altcoins continue to post impressive gains, with ETH standing well above $2,300, while DOGE has soared past $0.21. If we roll back the clock to May 6, we will see that BTC’s price was just rejected at $98,000, and the asset had slipped back down to under $94,000. Although this $4,000 price drop might sound painful, a broader look would show that bitcoin has still added roughly $20,000 since the early April lows. Impressive, right? Well, the primary cryptocurrency wasn’t done yet, not by a long shot. It bounced off that support line, and it took about a day to fly past the coveted $100,000 line. As such, BTC stood within a six-digit price territory for the first time in over three months. The gains kept coming on Friday as bitcoin exploded to its highest price level since late January of over $104,000. It met some resistance there and was pushed south by a few grand, but that was short-lived. As of now, BTC stands well above $103,000 – a 7% weekly surge and a 26% monthly pump. Its market capitalization has risen to $2.050 trillion, while its dominance over the alts has taken a hit and is down to 60.5%, as many altcoins have registered mindblowing price increases. Many altcoins have doubled down on yesterday’s price increases with massive gains today as well. ETH is among the leaders as another 6% surge has taken it to $2,350 where it faces a crucial resistance. Binance Coin, Solana, Avalanche, and Shiba Inu have marked similar pumps, while DOGE has risen by over 12% and now trades above $0.21. As a whole, the meme coins have posted the biggest gains, with PEPE and FARTCOIN leading the charts with substantial double-digit price increases. The total crypto market cap has surged to $3.4 trillion on CG. This means that the metric has added roughly $400 billion since May 6 .

Shiba Inu (SHIB), a meme-inspired cryptocurrency, is once again capturing attention in the crypto market. The token, after months of relatively subdued activity, now shows strong bullish potential. SHIB’s current price is $0.0000149, a 7.96% gain in the past 24 hours. It also rose 9.66% over the past week, fueling optimistic investor sentiment According to analyst Rose Premium Signals, SHIB is forming a classic cup and handle pattern. This chart structure often signals impending price breakouts. Recent price movement suggests SHIB could be set for a significant rally, especially after a bounce from a key buy zone. Rose Premium Signals notes the coin recently bounced off crucial support at $0.00001148. This bounce marks a potential launch point for further gains. If the cup and handle pattern plays out fully, SHIB could break resistance levels and aim for targets at $0.00002215, $0.00002724, and possibly $0.00003298. Related: Shiba Inu’s 29 Trillion SHIB Trap: Where Would The Price Go Next? Technical indicators back this forecast. The MACD line has crossed above the signal line, showing a bullish crossover. The histogram is also expanding, signaling growing buying momentum. Meanwhile, the RSI stands at 67.82. Related: Shiba Inu Burn Rate Declines as Shibarium’s Growth Signals Positive Outlook Although it’s approaching the overbought zone, this level typically precedes short-term consolidations before another move higher. These signals together point to a strengthening trend that may extend in the near term. Recent netflow data supports the bullish case. Outflows have outweighed inflows in past months, particularly in November and December. These sell-offs pushed the price downward significantly. However, April data shows flattened price action and stable netflows. This stabilization could indicate accumulation, where large investors are buying quietly in preparation for a bigger move. Additionally, market cap growth and increased trading volume now nearing $699 million daily suggest that interest in SHIB is returning. With a current market cap exceeding $8.8 billion and a circulating supply of 590 trillion tokens, SHIB remains one of the most watched altcoins. Adding to the positive sentiment, forecasts from Coincodex suggest SHIB may trade between $0.00002231 and $0.00002602 by December 2025. This projection implies a potential 63% to 75% gain from current SHIB price levels. Such upside could significantly reward early buyers if the anticipated breakout materializes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.