A closely followed analyst believes that one top-30 altcoin may put up massive gains in the near term. Pseudonymous analyst Altcoin Sherpa tells his 245,300 followers on the social media platform X that the utility token of the decentralized open financial system Hyperliquid (HYPE) may increase 150% from its current value as it prints a …
Monthly archives: May 2025
aZen Secures $1.2M Seed Round and Web3 Grants to Build DePIN for Ubiquitous AI after onboarding 600k users
May 2nd, 2025 – Auckland, New Zealand Web3 infrastructure project backed by Waterdrip Capital and Royal Front aims to transform global AI computing with decentralized edge resource integration and scalable tokenized computing. aZen, the decentralized AI-native computing infrastructure for Web3, announced it has raised $1.2 million in seed funding led by Waterdrip Capital, alongside participation …
A 19x Rally for This Ethereum-Based Altcoin Against Bitcoin by End of Cycle Is ‘Only Logical,’ Says Analyst
A widely followed analyst and trader is leaning bullish on a decentralized finance (DeFi) project built in the Ethereum (ETH) ecosystem. The analyst, pseudonymously known as Credible Crypto, tells his 467,000 subscribers on the social media platform X that it is “only logical” for the native token of the DeFi altcoin Curve DAO (CRV) to …
Bitcoin hodler unrealized profits near 350% as $100K risks sell-off
Bitcoin’s more resilient hodlers are nearing what has been a classic profit-taking level in the past — will they copy history and start selling their BTC? Key points: Bitcoin long-term holders are about to hit a level of unrealized profit, which has traditionally caused them to sell. That level coincides with the return to a …
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Circle’s Refund Protocol, explained: Bringing refunds to stablecoin payments
Circle’s refund protocol enables secure, programmable refunds in stablecoin transactions without giving full control to arbiters. Anyone who has used traditional payment systems will likely be familiar with refunds and chargebacks. If a purchase goes wrong, like receiving damaged items or not receiving the product at all, the payer can file a complaint with the …
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Ethereum (ETH) Price: Pectra Upgrade Set for May 7 as Token Tests $1,880 Resistance
TLDR Ethereum co-founder Vitalik Buterin revealed his 2025 priorities, with L1 scaling topping the list ETH is currently trading in a bullish trend, up 20% from $1.5k to $1.8k The upcoming Pectra upgrade is scheduled for May 7, aiming to improve staking and wallet features ETH is facing resistance at $1,880 but could target $2,000 …
US targets Huione Group in crackdown on $4 billion crypto laundering network
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement. If approved, the proposed rule would prohibit US financial institutions from opening or maintaining accounts for Huione Group or any of its subsidiaries. US authorities identified Huione Group as …
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Doomsday clock hit 89 seconds to midnight but Bitcoin could turn back time?
The Doomsday Clock, a symbolic gauge maintained by the Bulletin of the Atomic Scientists since 1947, now stands at 89 seconds to midnight. This marks its closest position yet, reflecting an era shaped by multiple existential threats, including nuclear tensions, climate volatility, and disruptive technologies. 2025 Doomsday Clock bulletin (Source: thebulletin.org) The latest release brings …
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Coinbase delisting sends Movement’s MOVE token to all-time low amid market-making scandal
The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid the ongoing controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading across its platforms by May 15, citing the token’s failure to meet its listing standards. …
Operation Fantasos: Brazil Cracks Down on Remnants of $290M Crypto Ponzi Scheme
The Brazilian Federal Police carried out Operation Fantasos, with more than 50 officers executing 11 search and seizure warrants in various locations across Rio de Janeiro. The mastermind behind these activities was extradited from Switzerland to the U.S. in February. Operation Fantasos Targets the Remnants of a $290 Million Crypto Ponzi Scheme in Brazil Brazil …
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US Congress Seeks to End the Penny by Introducing the Common Cents Act
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets Introduced …
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‘Dr. Doom’ Now Bullish on US Economy, Predicts 4% Growth Despite Trump’s Tariffs
Economist Nouriel Roubini presents an optimistic outlook for U.S. economic growth, forecasting a 4% annual rise by 2030. He believes that while trade restrictions could slow growth by 50 basis points, technological advancements could boost potential growth by 200 basis points. Roubini Says Trump Humbled by Financial Markets Economist Nouriel Roubini, long known for his …
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Kraken Seals Ninjatrader Deal and Reveals $472M in Q1 Revenue
The Ninjatrader purchase, originally announced in March, has now been finalized and Kraken has also disclosed a 19% increase in year-over-year revenue during the first quarter. Kraken Finalizes Ninjatrader Purchase, Discloses 19% Jump in Earnings Cryptocurrency exchange Kraken, has wrapped up its $1.5 billion acquisition of retail futures platform Ninjatrader, according to a press release …
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Bitcoin Surpasses Gold: 68% of Americans Turn to BTC Amid US Tariffs
A new study finds that 68% of Americans have purchased bitcoin since President Trump announced reciprocal tariffs, surpassing gold buyers by nearly 24%. Americans Allocate More Funds to Bitcoin According to a new NFT Evening study, 68% of Americans have bought bitcoin ( BTC) since the U.S. President Donald Trump announced reciprocal tariffs. This figure …
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MEXC Marks 7th Anniversary With $300 Million Ecosystem Growth Fund
The $300 million ecosystem development fund by MEXC will drive blockchain innovation, support early-stage Web3 projects, and expand its role from crypto exchange to full-scale ecosystem builder. MEXC Advances Push Into Web3 Development With $300 Million Fund MEXC, a global crypto exchange, has announced a bold leap forward in its evolution by launching a $300 …
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