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The U.S. Commodity Futures Trading Commission (CFTC) has launched a Crypto Sprint to allow spot crypto trading on futures exchanges. The aim is to unify U.S. market regulation. CFTC’s Crypto Sprint is to Regulate Spot Trading via Futures Exchanges In a press release, Acting Chairman Caroline D. Pham announced that the launch of Crypto Sprint,
The post Breaking: U.S. CFTC Kicks off Crypto Sprint, Explores Spot and Futures Trading Together appeared first on CoinGape.
USD1 stablecoin, an asset associated with World Liberty Financial (WFLI), is set to go multi-chain through its latest integration with Chainlink. Already tagged as the fastest stablecoin to grow from a $0 valuation to $2 billion, the new integration will help expand its reach to new users and institutions in the industry. USD1 has been making headlines recently amid a growing trend around stablecoin evolution in the United States. World Liberty Financial and the Chainlink Deal According to the announcement, the collaboration between both entities will see USD1 utilize the Chainlink Cross-Chain Interoperability Protocol (CCIP). Specifically, it will be used for secure data feeds and for bridging from one blockchain to another. Earlier this month, USD1 ranks as top 5 in the stablecoin world, a feat it achieved within months of its launch. The adoption of the token by both retail and institutional investors has seen it launch on top… Read More at Coingape.com
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Shiba Inu (SHIB) is showing mixed performance. The meme coin is up 23% over the last 30 days and 3.4% in the past 24 hours, but it is still down 8.5% over the last week. Recent price action suggests a pause in momentum, with SHIB trading within a tight range and facing resistance near key levels.
Indicators like RSI are stabilizing, while whale activity shows a subtle decline in large-holder participation. These factors point to a market in wait-and-see mode, with SHIB at a critical point where renewed buying or further weakness could determine its next move.
Shiba Inu’s RSI has climbed to 47.1, up from a low of 31.7 just a day earlier, signaling a rebound in short-term momentum. This follows a sharp pullback from 68.4 six days ago, suggesting that the recent selling pressure may be easing.
While the RSI remains below the neutral 50 level, the quick recovery points to renewed buying interest or a potential shift toward consolidation.
The Relative Strength Index (RSI) measures the speed and change of price movements, ranging from 0 to 100. Readings above 70 typically indicate overbought conditions, while values below 30 suggest an asset may be oversold.
With SHIB’s RSI now sitting near the middle of the range, the asset is neither overheated nor undervalued from a momentum perspective.
This neutral position could lead to sideways movement in the near term, or if buying continues, a possible attempt to retest recent resistance levels.
The number of Shiba Inu whales—those holding at least 1 billion SHIB—has declined slightly to 10,205, down from 10,232 recorded nine days ago.
While the drop may seem minor, it reflects a broader pattern of fluctuation and gradual decline in large-holder participation.
This subtle shift may suggest that some major holders are reducing exposure or taking profits during periods of market uncertainty.
Tracking whale activity is important because these addresses can influence price through large-volume moves, often signaling confidence or caution in the asset’s outlook.
Despite intermittent increases, the overall trend in SHIB whale numbers has tilted downward in recent weeks.
This could point to weakening long-term conviction among larger holders, potentially limiting upward momentum unless retail demand or new buyers step in to offset the outflows.
Shiba Inu is currently trading within a narrow range, facing resistance at $0.0000152 and support at $0.0000139. Its EMA lines, which previously showed strong bullish alignment, are now flattening—suggesting that upward momentum has weakened.
The price appears to be consolidating as traders wait for a decisive breakout in either direction.
If SHIB loses the $0.0000139 support, it may open the door for further downside toward $0.0000127 and possibly $0.0000123.
However, if buyers step back in and the token regains the momentum seen earlier this month, a breakout above $0.0000152 could push the price toward the next resistance near $0.0000176.
The post Shiba Inu Whales Are Still Hesitant – Where is SHIB Price Headed? appeared first on BeInCrypto.
Avraham “Avi” Eisenberg, the individual responsible for the $110 million exploit of the decentralized finance (DeFi) platform Mango Markets in 2022, has been sentenced to 52 months in prison. The sentencing was for his guilty plea to charges related to the possession of child sexual abuse material (CSAM).
This conviction comes despite his earlier conviction on crypto theft charges. A federal judge, however, has indicated that a retrial for the Mango Markets-related charges may be considered in the future.
Avraham “Avi” Eisenberg sentence comes after a year-long legal battle concerning his role in the Mango Markets attack. Although the $110 million crypto theft was a big deal, it was the CSAM charges that ultimately drove his sentence. Amid this crisis, recently, an elderly victim in the US also fell for a Bitcoin theft scam worth around $330M.
In 2024, Eisenberg pleaded guilty to possession of more than 1,200 images and videos of child sexual abuse.
As well, the content included depictions of minors, including infants. The judge said these offenses were serious enough to require a prison sentence to deter the distribution of such material. During the sentencing, U.S. District Judge Arun Subramanian noted Eisenberg’s efforts to come to terms with the pain caused by his actions.
Nevertheless, the judge argued that prison time was necessary. After his release, Eisenberg is also expected to serve five years of probation. He will also have to install monitoring software on his electronic devices and follow outpatient drug treatment programs as part of his probation condition.
Previously, Avraham “Avi” Eisenberg’s legal team argued the fraud charges concerning Mango Market exploit warranted a retrial. They argued the case should not be tried in the Southern District of New York.
The defense also questioned whether the MNGO Perpetual product that Eisenberg tampered with was categorized as the government maintained. However, the arguments did not matter to the court, which had already convicted him on wire fraud, commodities fraud and commodities manipulation for the 2022 hack of Mango Markets.
In a courtroom hearing in Manhattan, Judge Subramanian revealed that there is a “non-zero chance” of granting a motion for a retrial. However, the focus of the current sentencing was primarily on the CSAM charges. Eisenberg’s actions in the crypto theft, while serious, have not yet led to final sentencing.
Despite his CSAM sentencing Eisenberg continues to receive legal support for his Mango Markets theft conviction appeal. Eisenberg’s defense argues that authorities failed to demonstrate their case sufficiently especially in establishing his deliberate actions.
A defense statement argues that Eisenberg followed Mango Markets protocol rules without personal financial gain and maintained control over the market. Their legal team demands either a dismissal of fraud charges or a new court hearing for relief.
The prosecution asserts Eisenberg intentionally participated in fraudulent schemes despite being fully aware of his criminal activities. The lawsuit Avraham “Avi” Eisenberg filed against another party for market manipulation occurred before his attack on Mango Markets. After his name became linked to the exploit attributing him with responsibility for the breach Eisenberg left the United States to settle in Israel. The government interprets his actions as indicating that Eisenberg recognized his activities were criminal.
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