What Happened in Crypto Today? Rise and Fall Shocks the Market

What Happened in Crypto Today? XRP, StakeStone, BTC, and KuCoin News

The global crypto market cap is $2.99T, down 1.03% today. It was a wild day with big gains, sudden crashes, and surprises. From StakeStone soared 70% to XRP Price crash, there are some major news influencing the market currently.  Here’s a quick look at today’s top five crypto stories!

StakeStone Skyrockets 70% — Binance Buzz Ignites FOMO!

StakeStone $STO price just went crazy, jumping 70% in a day! It shot from $0.1199 to $0.2026, and everyone’s talking. The big reason? Binance said they’re listing $STO and giving away 15 million tokens in an airdrop for BNB holders. 

People rushed to buy before the May 2 listing. Plus, today’s the last day to grab free airdrop tokens — so demand exploded!

Why Did XRP Crash and Can It Bounce Back?

XRP is now priced at $2.19, dropping 0.36% today. Its total value is $128.7 billion, and trading volume fell 24.51% to $1.77 billion. The crash happened because Ripple unlocked 1 billion XRP in just 7 hours — half went as planned, but the other half landed in unknown wallets. People got scared, causing the price to fall.

KuCoin Wants Back In South Korea After Getting Blocked

KuCoin, a crypto exchange, is planning to come back to South Korea after being blocked for months. The country’s government told app stores to remove unregistered crypto apps like KuCoin. 

Now, KuCoin’s CEO says they are talking to regulators and want to return after fixing things in places like the U.S. and Europe. He thinks local rules are helping Korean exchanges over foreign ones.

Trump’s Memecoin Dinner Deal Upsets Some Republicans

Senator Cynthia Lummis and Senator Lisa Murkowski aren’t happy with Trump’s memecoin idea. They don’t like that Trump is offering dinner and a White House tour to big token holders. Lummis says it feels wrong, and Murkowski says she wouldn’t charge people for Capitol tours. Trump announced the memecoin perks in April.

Peter Schiff Says Bitcoin Won’t Save You From Inflation

Peter Schiff is not a fan of Bitcoin as a shield against inflation. Even though Bitcoin jumped 14% in April, he thinks it’s acting more like tech stocks, not gold. Schiff says if you’re worried about inflation, you’re better off with gold. 

He believes Bitcoin’s price rise is mostly hype and won’t keep your money safe like old-school assets do. However at the time of writing, according to CoinMarketCap, $BTC price is standing around $96,038.93, reflecting a decrease of around 1.02% in the past 24 hours.

Conclusion

Today’s crypto market consists of some major news headlines like, StakeStone pumped 70% because of Binance, while XRP crashed after a big token unlock. KuCoin intends to revisit South Korea while Trump's memecoin dinner deal enrages some Republicans. 

To crown it all, Peter Schiff keeps dishing out insults at Bitcoin, claiming it is all hype, with gold much more secure. Overall, the crypto market was full of drama, price swings, and crazy headlines today — just another normal day in the cryptocurrency world.