Jakarta, Pintu News – A lot is happening in the crypto world. The new chairman of the SEC (Securities and Exchange Commission) is drafting guidelines for the distribution of crypto tokens classified as securities, as well as considering whether there needs to be additional exemptions.
Meanwhile, World Liberty Financial (WLFI), an organization connected to Donald Trump, is delving deeper into the world of crypto, sparking doubts from policymakers and the community.
Let’s take a look at some of the US-based tokens that may be impacted by this development.
Just yesterday, World Liberty Financial (WLFI) reportedly spent nearly $3 million in USDT to buy around 3.36 million EOS. This action pushed the price of EOS up 9% to around $0.85.
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However, as of May 17, 2025, the price has fallen back to $0.79, although in the past month EOS experienced a surge of 29.4%.
In related news, Dubai-based crypto exchange Bybit announced that it will support the rebranding of EOS to Vaulta (A), with a 1:1 token exchange scheme. The new token will use the “A” symbol on Bybit.
In response to this, an analyst noted that if EOS price is able to hold above $0.75, then there is potential for it to rise to the $2.00-$2.50 range. However, he also warned that if momentum weakens, the price could drop to $0.663.
ONDO is the native governance token in the Ondo Finance ecosystem, allowing its holders to participate in decision-making regarding the development and operation of the platform.
The token was launched in January 2024 with an initial price of approximately $0.09 and reached an all-time high of $2.10 in December 2024. As of May 17, ONDO is trading at $0.9172, with a total supply of 10 billion tokens.
The ONDO ecosystem has recently shown significant activity. According to CNF’s report, Ondo now allows 24/7 conversion between OUSG and PYUSD with no fees or wait times, giving users more flexibility to access tokenized Treasuries.
In addition, the platform has also established strategic partnerships with Chainlink and JPMorgan.
Developed by Mysten Labs, Sui is a fast and scalable Layer 1 blockchain, with a focus on a seamless and friendly user experience.
Since the launch of its mainnet in May 2023, Sui has attracted great attention, recording over 150 million active accounts and processing over 10 billion transactions.
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The development team even recently posted on X: “Just reached $1 billion supply of stablecoins (USDC, FDUSD, AUSD, USDY, BUCK). Probably nothing.”
In the past month, SUI has shown a strong upward trend, rising by 79.65%. Despite a small drop of 3.3% on May 17, SUI is currently trading at $3.78.
If this momentum continues, the price has the potential to break the resistance level at $3.89 and advance to $4.24. However, if the momentum weakens, the price could drop back to the support area around $3.33.
Kaspa recently unlocked 144.64 million KAS tokens on May 7, which is equivalent to about 0.55% of the total circulating supply. This move is thought to be one of the triggers for the 9.3% price surge in the past week.
Despite the rise, the current KAS price is still 44% below its record high of $0.1136. If the rally continues, the token is expected to test the resistance level at $0.155, and if it manages to break it, there is potential to go up to $0.188.
KAS operates using a proof-of-work system and adopts the GHOSTDAG protocol, which allows multiple blocks to exist simultaneously and remain in consensus. This increases the speed and scalability of the network.
Launched in 2021 without going through an ICO, Kaspa features fair and decentralized token distribution through a mining process.
EigenLayer pioneered the concept of “restaking” in the Ethereum ecosystem, which allows users to re-utilize the ETH they have staked to secure additional services outside the Ethereum network .
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This approach improves capital efficiency and security for various protocols that rely on Ethereum.
Their native token, EIGEN, has decreased by 11.3% in the last 24 hours (5/17) and is currently trading at $1.21. EigenLayer has just announced a collaboration with SOON in the SOON Acceleration Incentive program.
Under this program, SOON will incentivize a maximum of 349,800 EIGEN tokens to support ecosystem growth.
Experts estimate that EIGEN could potentially trade in the range of $1.92 to $7.33 by 2026.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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