After months of back-and-forth, Vitalik Buterin says Ethereum will scale its layer 1 by 10X in the near future. Buterin confirms that the timeline for the 10X scalability roadmap will be a little over a year without affecting the network’s decentralization. Vitalik Buterin Confirms Ethereum Layer 1 Scaling Plans Ethereum co-founder Vitalik Buterin has provided clarity for the short-term future of Ethereum, hinting at a wholesale implementation of scalability plans. Buterin confirmed the plans at a panel discussion at ETHGlobal Prague, unveiling L1 scaling ambitions. Buterin revealed that he will back a plan to scale Ethereum’s layer 1 by 10X “over the next year and a bit.” While scaling the L1 within a year is an ideal timeline, Buterin expressed concerns over a frenzied approach toward scaling. He argues that scaling the L1 in a little over a year offers an ideal alternative for the network. Buterin’s proposed timeline factors… Read More at Coingape.com
As Q2 began, the crypto market gained momentum, with many tokens showing strong performance in the latter half of April. Following Bitcoin’s lead, most altcoins have seen significant improvements, posting triple-digit gains. Some altcoins are even approaching their all-time highs, reflecting increased market optimism and growth.
BeInCrypto has analysed three such altcoins that are close to forming new all-time highs in the coming month.
Walrus (WAL)
WAL has surged by 50% over the past week, reaching a price of $0.622. This strong uptick also saw the altcoin hit a new all-time high (ATH) of $0.690. The recent gains reflect growing investor interest and confidence in the altcoin’s performance in the market.
Currently, WAL is just 11% away from breaching its ATH and potentially forming a new high at $0.750. However, this progress depends on sustaining the bullish momentum. If the market conditions remain favorable and buying pressure continues, WAL may break through this resistance and push toward the $0.750 target.
If investors decide to sell early and the bullish momentum fades, WAL could struggle to maintain its upward trend. A failure to break the $0.634 resistance level could lead to a drop to $0.546. This would invalidate the current bullish outlook and signal a potential correction in the altcoin’s price.
Saros (SAROS)
SAROS has not posted significant gains this month but did manage to hit a new all-time high (ATH) of $0.1712 before falling to $0.1311 at the time of writing. Despite the drop, the altcoin remains within a range that could allow for potential recovery and further price growth.
Currently, SAROS is facing resistance at $0.1344, and breaking through this level is crucial for the altcoin to return to its ATH of $0.1712. A successful breach would open the path toward $0.2000, providing the altcoin with a strong opportunity for continued upward movement if the bullish momentum sustains.
If SAROS fails to breach the $0.1344 resistance, it could remain consolidated above $0.1153. A failure to hold above this level would put the bullish outlook at risk, potentially leading to further downward movement and invalidating any potential for short-term growth.
BNB
BNB is currently priced at $609, needing a 30% rise to reach its all-time high (ATH) of $793. However, achieving this requires strong market conditions and investor support, both of which have been lacking throughout April. A sustained rally would be crucial for the altcoin to reclaim its ATH.
Currently trapped under a nearly five-month downtrend, BNB faces significant resistance. A 30% rally would be needed to break through this trend and reach $793. If BNB can surpass the $700 mark, it would confirm that the altcoin is on track to challenge its previous ATH and establish a new high.
However, BNB is struggling to gain traction among investors, making such a rise difficult. Failing to breach the $618 resistance could result in a decline, with BNB potentially falling below $600. If this occurs, BNB could slide toward $576, further invalidating the bullish outlook and prolonging its downtrend.
XRP
XRP is breaking out of a descending wedge pattern that has held since the start of the year. Currently trading at $2.28, the altcoin is heading toward the $2.40 resistance level. A successful breakout would indicate the potential for continued upward momentum, boosting optimism among investors.
Despite the recent surge, XRP is still more than 48% away from its all-time high (ATH) of $3.40. A sustained rally or bull run could propel XRP toward its ATH, especially if the current breakout is confirmed. Successfully flipping $2.56 into support would indicate that further gains are likely.
If XRP fails to breach the $2.40 resistance, a price reversal could occur, leading to a decline back to $2.02. Such a move would invalidate the bullish outlook, and XRP could fall back into the descending wedge pattern.
Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to spend the next 20 years behind bars because of what prosecutors call a “deliberate and calculated” scam in crypto history. With nearly $7 billion in customer losses, Mashinsky’s fate is about to be decided on May 8th.
Mashinsky To Face 20 Years In Prison
Mashinsky was the founder and CEO of Celsius Network, a crypto platform that once held over $20 billion in assets and promised investors high returns with little risk. But behind the scenes, things were very different.
On Monday, 28th April, the U.S. Department of Justice filed a formal sentencing memo, asking the court to give Mashinsky 20 years in prison. Prosecutors say his actions caused nearly $7 billion in losses in customer money when Celsius collapsed in 2022.
According to the DOJ, Mashinsky lied to users about the safety of their funds. He made risky trades, handed out unsecured loans, and secretly used customer money to push up the price of Celsius’s own token (CEL).
While publicly claiming he was holding onto CEL like other users, he quietly sold $48 million worth for himself.
Mashinsky Refuses to Take the Blame
Mashinsky’s lawyers have tried to blame the market crash and government regulators for Celsius’s downfall. But the Department of Justice (DOJ) says this wasn’t just bad luck, it was a well-planned scam.
The DOJ called him the “architect of a massive fraud” who still refuses to take full responsibility for what happened.
But this case isn’t only about money. More than 200 victims submitted emotional statements explaining how they lost everything when Celsius collapsed. Their stories were added to the DOJ’s filing, as prosecutors pushed for a tough sentence for Mashinsky.
Judge John G. Koeltl will deliver the final verdict on May 8 — a decision that could become one of the most defining moments in crypto legal history.
Prosecutors warned that a lighter sentence would undermine trust in the justice system and encourage other crypto leaders to chase profit at any cost. They insist Mashinsky has yet to take full responsibility, instead blaming regulators, the market, and even his customers.
This case is now a turning point in how crypto crime is treated in court.
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The post Celsius Scam News: CEO Alex Mashinsky to Face 20 Years in Prison appeared first on Coinpedia Fintech News
Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to spend the next 20 years behind bars because of what prosecutors call a “deliberate and calculated” scam in crypto history. With nearly $7 billion in customer losses, Mashinsky’s fate is about to be decided on May 8th. Mashinsky To Face …
