#cryptocrit

XRP's price has dropped slightly by 0.5%, adding to its weekly loss of over 6%. This decline reflects the cautious mood among traders, who seem unsure about the short-term direction of the market. Despite strong interest in cryptocurrencies, XRP hasn't managed to hold its ground in recent days.

Webus International has announced plans to raise $300 million. The company wants to use this money to build a reserve of XRP, a popular cryptocurrency, and to make cross-border payments easier within its transportation network. This move could help Webus pay drivers and partners more quickly and even issue instant refunds when needed.

To raise the funds, Webus won’t rely on selling company shares. Instead, it will use different methods like bank loans, available cash, shareholder support, and credit from corporate partners. These methods are called “non-equity vehicles,” which means Webus can get the money without giving away ownership in the company.

$HYPER is the native token of Hyperlane, a cutting-edge project aiming to connect different blockchain networks. In the current crypto world, blockchains often function separately, making it hard for data and assets to move freely. Hyperlane solves this problem by creating a decentralized system that lets blockchains talk to each other. It acts like a bridge between chains, helping developers build apps that work across many networks without needing permission from a central authority.

At the heart of Hyperlane is something called the "Mailbox" smart contract. This powerful tool lets different blockchains send and receive messages smoothly. Developers don’t need to worry about the complex processes behind the scenes—Mailbox handles it all. Another key feature is Hyperlane's Interchain Security Modules (ISMs). These allow developers to pick the type of security that best fits their project, offering more control and flexibility than most existing solutions.

Former President Donald Trump has long been involved in business, but his latest ties with the Middle East are getting a lot of attention. While leading the U.S., Trump accepted expensive gifts like a $400 million luxury plane from Qatar and chose Saudi Arabia as the first stop on a major overseas trip. This move was tied to promises of big investments in U.S. companies, raising concerns about whether politics and business were too closely linked.

Trump’s children, Eric and Donald Jr., have been actively promoting Trump family projects in the Middle East. Eric Trump recently announced an 80-story Trump Tower in Dubai. He also joined a cryptocurrency conference in the UAE, where their company, World Liberty Financial, made deals with investors. These deals show how closely the Trump family is working with leaders in the region while Donald Trump is still involved in U.S. politics.

In April, the total value of stablecoins grew by 2.2%, reaching $238 billion. This growth was mainly because more people added money into the two biggest stablecoins—USDT (Tether) and USDC. In just one week, USDT's market value went up by $2.5 billion, and USDC’s increased by $1.2 billion. This shows that investors are feeling confident and are putting more funds into these digital coins that are designed to hold a stable value.

USDC’s market cap rose by 3.07% in April, hitting a new high of $62.1 billion. This gave it a 26% share of the stablecoin market, the highest since early 2023. Meanwhile, USDT's value grew by 2.26%, reaching $148 billion. This was its twentieth month in a row of growth. Its market share also slightly increased, and it made up more than 75% of stablecoin trading on major crypto exchanges.

In the last 24 hours, Ethereum experienced large futures liquidations totaling about $53.44 million. This means many traders lost money as their positions were automatically closed. Out of this, $27.33 million came from people who were betting ETH would go up (long positions), and $26.11 million came from those who thought it would go down (short positions).

Recently, Ethereum managed to rise above a downward trendline that had been in place since March 24. For the past week, it was trading around $1,600 without much movement. However, once it broke above the trendline, it ran into the resistance level $1,688. This price level has been a strong resistance point, especially since April 9, with many sellers entering the market there.

Ethereum can stay above the trendline and push through the $1,688 resistance, it might continue climbing. The next major hurdle lies at the top edge of a large downward channel that began in December. This area is also reinforced by the 50-day Simple Moving Average, which could make it harder to break through.

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Cryptocurrency market has seen a boost in the last 24 hours, growing by 2% and reaching a total value of $2.75 trillion. This is the highest level in over three weeks. The market had been moving sideways for a while, but now it looks like it might be starting a new upward trend. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) have all gone up more than 2%. These well-known coins are getting most of the attention as investors look for signs of strong growth.