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Best Altcoins to Buy as SEC Considers Tron ETF, Big Banks Mull New Stablecoin

by admin May 23, 2025

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There have been major developments this week in the crypto landscape:

The SEC has formally acknowledged Canary Capital’s application for a staked Tron ETF, opening the proposal to public comment.
The ongoing evaluation of numerous other crypto ETF proposals suggests a potentially evolving regulatory perspective.
Major U.S. banking institutions like JP Morgan, Bank of America, and Citigroup are also reportedly in preliminary discussions to launch a joint stablecoin.
U.S. lawmakers advance stablecoin legislation, notably the GENIUS Act, aiming to provide a clear regulatory framework.

These developments signal growing institutional interest and a maturing regulatory environment for digital assets. For investors, this could highlight fresh opportunities in the altcoin market.

With a ‘Greed’ indicator of 76 and the market cap rising, the evidence of a ‘risk-on’ sentiment is clear. This is particularly clear when you note the rise of altcoins like $MIND of Pepe, which have raised over $10M in their presale.

Let’s delve into some of the best altcoins that could see an uptrend given these encouraging signs.

1. MIND of Pepe ($MIND) – AI Alpha as Your Winning Edge

With MIND of Pepe ($MIND), a new era of meme coin intelligence appeared, a unique fusion of the iconic Pepe culture and cutting-edge AI.

$MIND is your gateway to AI alpha, offering a winning edge in the fast-paced crypto markets. Its sophisticated AI will scour on-chain data, social sentiment, and emerging trends to reveal key insights and signals to give you a running start in the market.

Holding $MIND unlocks your access to these exclusive, AI-generated reports and analytics, designed to sharpen your strategies.

Raising over $10M already, and with a presale price at $0.0037515 (up 20.98% from its start), your window to jump in early is closing fast as the presale ends in just over a week.

We predict $MIND could hit $0.00535 (a 72.52% increase from the start of the presale) by the end of 2025. And this seems ever more likely with the positive regulatory shifts increasing market sentiment.

It’s about democratizing alpha by combining the market-moving power of Pepe with the deep analytical skills of AI. Get ready to think smarter, not just harder.

2. Pudgy Penguins ($PENGU) – Pudgy Power. Join the Huddle, Waddle to Wealth

Pudgy Penguins ($PENGU) represents much more than a popular NFT collection. It’s a rapidly expanding global IP and symbol of positivity, known for its ‘Pugdy Power.’

This beloved brand has successfully bridged Web3 and the mainstream with its adorable characters appearing as actual toys in major retail stores and an expanding content universe.

The $PENGU coin invites you to join the ‘Huddle,’ the passionate community at its heart, and participate in its growth.

$PENGU is central to this ecosystem, potentially offering governance, exclusive access, and rewards, allowing holders to ‘Waddle to Wealth’ by sharing in the brand’s expanding success.

You can buy $PENGU for $0.01409, up 0.67% from yesterday, and with a market cap of $886.85M.

Experience the merge between a heartfelt community and real-world branding to create value in the Web3 space.

3. Hamster Combat ($HMSTR) – Powering Hamster Combat. Your CEO Plays, Your Token Pays

Swivel into the CEO’s chair with Hamster Kombat ($HMSTR), the record-shattering Telegram game phenomenon captivating 300M players globally.

The $HMSTR token is the lifeblood of the ecosystem, designed not just for the largest crypto game ever, but for a future that extends far beyond that.

Having already broken records like achieving the largest Telegram channel (52M+ subs) and the fastest 100M+ player onboarding (2 months), Hamster Kombat is set for potentially crypto’s largest airdrop from its 100B token supply.

But $HMSTR is more than an airdrop; it’s a community-driven token set to power a burgeoning game publishing platform and seamlessly onboard the next billion users into Web3.

Your in-game strategy and engagement directly translate into your stake in this ecosystem. The Hamsters could be the new whales!

You can buy $HMSTR for $0.002319, as its market volume has increased by over 20% in the last 24 hours.

4. SUBBD ($SUBBD) – Beyond Disruption, It’s Creator Liberation

It’s time for a radical shift with SUBBD ($SUBBD), moving beyond simple disruption and into creator liberation. This platform is set to dismantle traditional barriers content creators face, offering real autonomy and ownership.

Picture an ecosystem where you fully control your content, your audience data, and your monetization, free from high platform fees and restrictive policies.

The $SUBBD token fuels that revolution, facilitating transparent transactions, community governance, and access to tools designed for direct creator-to-fan engagement and value exchange.

With 20% staking bonuses, and selling for $0.055475 at the current stage in its presale, $SUBBD is not one to miss. Buying is simple and impactful if you’re all about disruption and change for the better.

It’s about empowering artists, writers, musicians, and all creators to build sustainable careers on their own terms, fostering creative and financial freedom, making it one of the best presales.

It’s the dawning of the age of authentic creator empowerment with $SUBBD.

Crypto’s Turning Point: Invest with Insight

As the crypto industry matures and becomes more welcoming, it opens the space to crypto innovation and investment.

Especially with the positive regulatory signals we’ve seen this week, unique projects offering real value will naturally catch the eye of investors looking to navigate the space.

Coins like $SUBBD and $MIND, with their bold visions and cutting-edge approaches, are great examples of the exciting opportunities popping up in the altcoin market.

While the innovation, potentially being supported by clearer regulations, is exciting, it’s still essential to do your homework. Crypto is a rollercoaster, so do your own research to see if an investment fits with your goals and finances.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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May 23, 2025 0 comments

Crypto Trends

Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ

by admin May 23, 2025

Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition.

Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported, citing people familiar with the matter. The talks are still in early stages and could change, the report added.

Within the consortium are also payments ventures owned by these banking powerhouses, like Early Warning Services, which runs Zelle, and The Clearing House, which handles real-time payments.

Stablecoins are cryptocurrencies pegged to the value of another asset like a fiat currency or commodity, can settle transactions in a matter of seconds. Banks see potential in them to improve their operations, with international remittances currently taking days through the traditional system.

One idea floated in the consortium’s talks is a stablecoin model open to other banks beyond the core group. Regional banks have also explored similar paths, the WSJ adds, citing sources familiar with the discussions.

The push comes as Washington inches toward regulation. The Senate recently advanced the Guiding and Establishing National Innovation for U.S. Stablecoin (GENIUS) Act, which Senator Hagerty (R-Tenn) described as one that “establishes the first-ever pro-growth regulatory framework for payment stablecoins.”

The improved regulatory environment has seen crypto firms seek bank charters, further adding pressure to banks.

Some of these large financial institutions have already made their move. Société Générale launched a euro-denominated stablecoin, EURCV, back in 2023 through its crypto arm SG Forge. It’s reportedly now looking to launch a U.S. dollar stablecoin as well.

Read more: U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise

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May 23, 2025 0 comments

Crypto Trends

US big banks hold early talks on joint crypto stablecoin: WSJ

by admin May 23, 2025

Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin.

Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter.

Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House.

The discussions are still in the early stages, and a final decision on the project could change depending on the regulatory environment and the demand for stablecoins.

A JPMorgan spokesperson told Cointelegraph the company had no comment. Bank of America, CitiGroup, and Wells Fargo did not immediately respond to requests for comment.

On May 20, the US Senate voted 66-32 in favor of advancing discussion on the stablecoin-regulating Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

The bill outlines a regulatory framework for stablecoin collateralization and mandates compliance with Anti-Money Laundering laws. The bill is now headed to debate on the Senate floor.

Earlier this week, White House crypto czar David Sacks said he expects the bill will be passed and that it will receive bipartisan support.

However, high-ranking Democrats plan to amend the bill to include a clause prohibiting President Donald Trump and other US officials from profiting from stablecoins.

Trump and his family launched the crypto platform World Liberty Financial, which created the USD1 stablecoin in March. Critics argue that President Trump stands to personally benefit from passing favorable stablecoin regulation.

Related: World Liberty Financial brushes off oversight concerns from Congress

Stablecoin demand surges

The demand for stablecoins has been on the rise, with nation states adopting and institutions wanting to incorporate stablecoins.

The total market capitalization of stablecoins has shot up to $245 billion from $205 billion at the start of the year, representing a 20% increase.

Earlier this week, it was reported that yield-bearing stablecoins now account for nearly 4.5% of the entire stablecoin market, with a circulating supply of $11 billion.

Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting, said the American banking lobby is “panicking,” as stablecoins can disrupt the traditional banking business model.

Earlier this month, it was reported that tech giant Meta is exploring ways to incorporate stablecoin payments into its platforms.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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May 23, 2025 0 comments

GameFi Guides

America’s Biggest Banks Consider Teaming Up to Challenge $245B Stablecoin Market: WSJ

by admin May 23, 2025

In brief

Major U.S. banks, including JPMorgan and Bank of America, are reportedly exploring a shared stablecoin project.
The move hinges on pending federal legislation, such as the GENIUS Act, which would set regulatory standards for stablecoin issuance and oversight.
The initiative could position banks to compete with crypto-native issuers Circle and Tether.

Major U.S. banks are reportedly exploring a joint stablecoin venture to compete directly with the crypto industry’s growing dominance in digital payments.

Discussions are ongoing between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others through their co-owned payment companies, including Early Warning Services and the Clearing House, according to a Wall Street Journal report.

Those discussions hinge on forthcoming stablecoin legislation that could help form frameworks for banks and non-banks to issue stablecoins.

Stablecoins are digital currencies typically pegged to the U.S. dollar or other fiat currencies and, in recent years, are increasingly being backed by Treasurys.

While some see them as “destabilizing” to economic and fiscal policy, “individuals and businesses see a tremendous benefit,” Pedro Lapenta, head of research at Hashdex Asset Management, told Decrypt.

And the timing couldn’t be more apt.

This week, the Senate moved forward with the GENIUS Act, a bipartisan bill that aims to regulate payment stablecoins by setting federal reserve standards, transparency, and issuer oversight.

If the act becomes law, stablecoins could “accelerate the adoption of digital assets” in general and strengthen “the investment case for Bitcoin and other crypto,” Lapenta said.

But it isn’t really about the investor. Banks see the changing regulatory landscape as a possible green light to begin exploring ways to challenge the dominance of Circle and Tether’s stranglehold over the $245 billion stablecoin market.

Circle, a U.S.-regulated issuer, initially launched its USDC stablecoin in 2018 alongside Coinbase through the Centre Consortium, in a bid to offer an alternative to Tether’s market-leading USDT, which debuted in 2014 on the Bitcoin-based Omni Layer.

Tether has maintained a dominant position in the stablecoin sector despite years of scrutiny over the transparency of its reserves.

Since 2022, the stablecoin issuer has released quarterly attestations, in a bid to assuage concerns. It now accounts for more than 60% of the market.

Circle, on the other hand, has sought to differentiate USDC by positioning it as a more compliant product, citing third-party attestations and closer regulatory engagement in the U.S.

But it, too, has had its own set of problems, including a temporary depegging of USDC in 2023 following the collapse of Silicon Valley Bank, stalled plans to go public via a SPAC deal in 2022, and declining market share.

The entry of major global financial firms may soon test the staying power of both incumbents and chip away at their dominance.

Hong Yea, co-founder and CEO of GRVT, a licensed on-chain exchange, told Decrypt crypto-native issuers still have a critical role to play as traditional finance builds new infrastructure.

“Crypto-native stablecoin issuers get an intrinsic grasp of how the blockchainized world functions,” Yea said. “Their years of experience, knowledge, and trials would be invaluable for the construction of institutional-grade stablecoin infrastructure.”

He likened the dynamic to traditional industries relying on digital consultants during early transformation efforts.

“The traditional financial world’s navigation into the on-chain economy could have some help too from the natives,” he said.

Yea added that if legacy players are to seriously engage with the stablecoin sector, crypto issuers must also step up their alignment with regulatory norms.

“I’d advocate for industry leaders to adopt a more proactive fashion with regulations and compliance,” he said. “Without hand-in-hand efforts from both sides, it’s going to be hard for the pie to grow as a whole.”

For now, the discussion among banks remains in its infancy and could change at any time, per the report.

Tether and Circle did not immediately respond to requests for comment.

Edited by Sebastian Sinclair

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May 23, 2025 0 comments