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- 🚨 The Pulse of Web3: What’s Really Happening in Crypto
🚨 The Pulse of Web3: What’s Really Happening in Crypto
CoinGape Media
May 20, 2025
News
India’s Supreme Court has questioned the central government over its ongoing delay in setting clear crypto regulations. During a hearing on May 20, Justices Surya Kant and N Kotiswar Singh raised concerns about the lack of a legal framework. They also warned about the risks of an unregulated crypto market.
Elon Musk has confirmed his intention to move forward with a lawsuit against ChatGPT creator OpenAI. He also addressed questions about his future as Tesla’s CEO. Speaking virtually at the Qatar Economic Forum in Doha on Tuesday, Musk discussed his ongoing legal disputes, plans for Starlink, and his commitment to maintaining control of Tesla as the company develops humanoid robots.
Markets
With Bitcoin (BTC) price approaching its all-time high of $110,000, the choppy price action has liquidated $845 million in just two days. Spot ETF flows and institutional accumulation show investors are optimistic about BTC’s future and that an ATH retest is possible. However, a closer look at technicals suggests traders must exercise caution in the short term.
US pro-crypto president Donald Trump will host a gala dinner on Thursday, May 22, where he will host the top holders of his TRUMP meme token. This dinner comes as some Democrat legislators question Trump’s foray into the meme coin space. With the highly anticipated event being only two days away, three US-made altcoins are standing out due to their potential to explode.