World Liberty Financial (WLFI) co-founder Eric Trump defended the company on Wednesday against the lawsuit filed by Tron (CRYPTO: TRX) founder Justin Sun.

Trump Trashes Sun’s Lawsuit

Trump said in an X post that the “only thing more ridiculous” than the lawsuit was spending $6 million on a duct-taped banana artwork, throwing a jibe at Sun’s attention-grabbing purchase in 2024.

“We are incredibly proud of the World Liberty Financial team,” Trump added.

Sun Was Once A Trump Adherent

Not long ago, Trump described himself as the “biggest fan” of the Tron ecosystem and praised Sun as a “great friend.”

In fact, Trump was pictured smiling alongside Sun, both holding the duct-taped…

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Leading cryptocurrencies rallied, while stocks closed at new records on Wednesday on the Iran ceasefire extension, even as Strait of Hormuz tensions simmer.

Crypto Market Gains Momentum

Bitcoin nearly topped $80,000 before easing off to the low $78,000s. Trading volume spiked 36% over the last 24 hours.

Ethereum topped $2,400, also supported by strong buying pressure,  while XRP and Dogecoin moved sideways.

Over $460 million was liquidated in the past 24 hours,with $350 million in bearish positions alone wiped out, according to Coinglass data.

Open interest in Bitcoin futures rose 8.64% over the last 24 hours to $61.57 billion. Whale and retail traders on Binance, however, were “extremely…

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Kalshi built its reputation letting users trade on elections, inflation prints, and Fed decisions. Now it wants to be where traders speculate on Bitcoin prices with leverage.

The prediction market platform plans to launch perpetual futures tied to the prices of cryptocurrencies in the coming weeks, according to a Bloomberg report, citing a person familiar with the plans.

The move marks the first time Kalshi will offer a product outside its core event contract business and it puts the company in direct competition with some of the biggest names in crypto.

What happens when a platform built for betting on outcomes starts offering leveraged crypto trades? The answer matters for prediction…

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Bitcoin is nearing $79,000, supported by fresh hopes about a settlement in the Iran war.

Notable Statistics:

Coinglass data shows 100,948 traders were liquidated in the past 24 hours for $448.03 million.       

SoSoValue data shows net inflows of $11.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $43.4 million.

In the past 24 hours, top gainers include SPX6900, Pudgy Penguins and Sei.

Notable Developments:

Trader Notes:

Quantitative trader KillaXBT said Bitcoin’s recent move higher has been accompanied by a sharp increase in open interest. Long positions have built up primarily in the $75,000 to $77,500 range, while funding rates have cooled…

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Mining Expansion Boosts Capacity

American Bitcoin said it has activated approximately 11,298 additional mining machines at its Drumheller facility, adding about 3.05 exahashes per second (EH/s) of computing power at an efficiency of roughly 13.5 joules per terahash (J/TH).

The deployment completes a previously announced expansion plan.

Following the upgrade, American Bitcoin’s total fleet has grown to around 89,242 miners, delivering approximately 28.1 EH/s at an average efficiency of 16.0 J/TH.

The expansion underscores the company’s strategy of scaling hashrate while maintaining operational efficiency, with a focus on optimizing energy costs and deploying high-performance hardware.

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XRP (CRYPTO: XRP) is testing a key breakout zone as two technical patterns converge at the same trigger point, setting up a potential move to $1.70 if price breaks above $1.47.

The 4H Cup And Handle

The 4H chart shows a perfect cup and handle formed from March 21 to present. 

The cup scoops from $1.42 down to the $1.28 lows in early April and curves back up. The handle is consolidating right at the $1.45 neckline.

The measured move from this cup projects directly to $1.70. Current price at $1.4519 is sitting on the neckline trigger. A 4H close above $1.46 with volume activates this pattern.

The Daily Ascending Triangle

The ascending triangle that has been building since February’s lows is…

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