Tesla Bitcoin Holdings Remain Untouched Despite Slump in TLSA Stock and Q1 Earnings

Tesla Bitcoin Holdings

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Tesla stock took a hit after the EV giant reported a 9% drop in total revenue for Q1 2025, down from $21.3 billion to $19.3 billion. But in a surprising move, Tesla Bitcoin holdings remained unchanged, signaling the company’s continued confidence in crypto despite market and operational headwinds.

Tesla Holds 11,509 BTC Amid Market Turbulence

According to Bitcoin Treasuries, Tesla still holds 11,509 BTC, making it the fifth-largest public company with Bitcoin exposure. Competitors ahead include MicroStrategy (538,200 BTC), Marathon Digital (47,531 BTC), Riot Platforms (19,223 BTC), and CleanSpark (11,869 BTC).

Despite Bitcoin’s 11.7% decline in Q1, Tesla did not liquidate any part of its crypto reserves. With new FASB rules now requiring firms to mark crypto assets at fair market value each quarter, Tesla’s holdings dropped from $1.076 billion to $951 million—but the company held firm.

Tesla Earnings Hurt by Tariffs, Not Bitcoin

While Tesla earnings took a blow due to rising costs driven by Trump’s aggressive import tariffs on EV components, Bitcoin wasn’t to blame. Automotive revenue declined by over 20% year-over-year, while net income plunged to 12 cents per share from 41 cents.

Tesla’s decision to keep its Bitcoin stash intact highlights a long-term crypto strategy—one that contrasts sharply with the short-term volatility in both traditional and digital markets.

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Tesla stock took a hit after the EV giant reported a 9% drop in total revenue for Q1 2025, down from $21.3 billion to $19.3 billion. But in a surprising move, Tesla Bitcoin holdings remained unchanged, signaling the company’s continued confidence in crypto despite market and operational headwinds. Tesla Holds 11,509 BTC Amid Market Turbulence …

Good Game Group Launches $GDGM Token to Power Next-Gen Web3 Gaming and Community Engagement

good-game

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As blockchain technology continues to reshape the digital entertainment industry, one of the latest integrations of Web3 and gaming has emerged through the launch of the $GDGM token this week. Announced in collaboration with TheBlock. — The International Chamber of Virtual Assets – — Good Game Group is bringing its vision for a globally interconnected gaming ecosystem to life with this bold new step.

The launch of $GDGM is a strategic blend of content, community, and commerce—three pillars at the heart of Good Game’s operations. The token, built on the Avalanche blockchain, is set to unlock a wide range of experiences and opportunities for its holders, from exclusive gaming events to collectible digital assets and in-game rewards.

good-game

The gaming industry is massive, with over 3.3 billion players worldwide and a market size exceeding $240 billion. Yet, it lacks a unifying platform that brings together the best of entertainment, community engagement, and digital asset ownership. Good Game Group is positioning itself to change that.

With $GDGM, the company says it wants to create a seamless bridge between its physical Hubs—where the core Reality Show (reaching 1 billion impressions in 2025), live tournaments and content creation take place—and its expanding digital footprint. The token serves as both a utility and access mechanism, giving holders a range of exclusive benefits – VIP access to live tournaments and reality-show filming, behind-the-scenes content and influencer interactions, merchandise and collectible NFTs, staking rewards, gamified incentives, and more.

TheBlock. as a Launchpad for Innovation

Critical to this launch is the partnership with TheBlock, a Dubai-based virtual asset chamber designed to support startups and scale-ups in the blockchain space. Known for providing regulatory guidance, business development support, and access to investor networks, TheBlock. offers a fertile environment for the $GDGM token to thrive.

Dubai’s rapid ascent as a leader in digital asset innovation is well-aligned with the ambitions of both Good Game and TheBlock. The city’s favorable regulatory climate and investment-friendly infrastructure have attracted global interest, and this collaboration is set to further solidify its status as a Web3 capital.

“We built TheBlock. to empower blockchain projects like Good Game to launch and scale effectively,” said Farbod Sadeghian, Founder of TheBlock. “Dubai is becoming a global leader in digital assets, and we’re excited to support Good Game’s journey within our ecosystem.”

In addition to TheBlock., the launch of $GDGM is backed by AMN Virtual Asset FZE and Pegasus Fintech Group. These strategic allies bring a wealth of expertise in compliance, infrastructure development, and ecosystem integration, ensuring that the token’s rollout is both secure and scalable.

The choice of Avalanche as the underlying blockchain further enhances the project’s efficiency and speed. Known for its high-performance architecture, Avalanche allows near-instant transaction processing and minimal fees—essential for a token that will be used in high-volume, real-time gaming environments.

The pre-token generation event (TGE) rounds for $GDGM are now open to select partners, with a public sale scheduled to launch later in April. Additional details, including a comprehensive Light Paper, are available on Good Game’s official website.

The post Good Game Group Launches $GDGM Token to Power Next-Gen Web3 Gaming and Community Engagement appeared first on Coinpedia Fintech News
As blockchain technology continues to reshape the digital entertainment industry, one of the latest integrations of Web3 and gaming has emerged through the launch of the $GDGM token this week. Announced in collaboration with TheBlock. — The International Chamber of Virtual Assets – — Good Game Group is bringing its vision for a globally interconnected …

Will Bitcoin Price Hit $100K This Week or Crash Again? 

Bitcoin Price

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Bitcoin has re-entered bullish territory, surging above the $93,000 mark, as its price continues to climb, confirming a powerful upside trend. This move aligns with 10x Research’s prediction, which turned bullish on April 12. Since then, BTC has gained over 10%, with the next key resistance level between $94,000 and $95,000. A clean breakout from this zone could pave the way for Bitcoin to hit six figures, fueling further optimism in the market.

Echoing this sentiment, Michaël van de Poppe highlighted Bitcoin’s strong uptrend, pointing to the breakout above $87,000 as the catalyst for testing the $92,000 to $94,000 range. He expects some short-term consolidation between $93,500 and $95,250 but remains bullish, suggesting the possibility of a fresh rally toward new all-time highs.

Institutional Inflows Drive Bullish Sentiment

Driving this bullish momentum are significant ETF inflows, with Bitcoin ETFs experiencing their best day since January 17, 2025, potentially attracting over $1 billion. 10x Research’s Money Inflows Indicator has also shown a sharp rise in institutional interest, with cumulative inflows reaching $146.3 billion since January. This growing confidence among institutional players is adding fuel to the rally.

The futures markets have also seen a surge, with open interest climbing from $22 billion to $29 billion. This increase in leverage suggests that buying pressure remains high as investors become more confident in Bitcoin’s potential. The fading political tension, following Trump’s softer stance on tariffs and interest rates, further contributes to the risk-on sentiment.

Stablecoin Activity Still Lagging, But Hopeful Outlook

However, analysts remain cautious, noting that stablecoin activity is still not at full strength. Stablecoins are often used to purchase cryptocurrencies, and their slower pace of minting could raise concerns about the sustainability of the rally. Nevertheless, stablecoin inflows have started to pick up, and any decrease in uncertainty could reignite liquidity across the board.

Path to $100K: Institutional Demand Supports Rally

With strong technical indicators, rising institutional inflows, and a favorable political climate, Bitcoin is well-positioned to break through resistance levels. A push above $95,000 could trigger liquidations, adding more fuel to the rally. Major institutions, including Fidelity, BlackRock, ARK Invest, and Bitwise, are actively accumulating Bitcoin, reinforcing its bullish outlook and increasing the likelihood of Bitcoin reaching the $100,000 mark soon.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

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Bitcoin has re-entered bullish territory, surging above the $93,000 mark, as its price continues to climb, confirming a powerful upside trend. This move aligns with 10x Research’s prediction, which turned bullish on April 12. Since then, BTC has gained over 10%, with the next key resistance level between $94,000 and $95,000. A clean breakout from …

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?

Ethereum price briefly reclaimed $1,800 on April 23 after a staggering 11% gain within 24 hours as Bitcoin and most altcoins traded higher. These gains wiped out more than $110M in short ETH positions, and as Bitcoin now eyes the psychological level of $100,000, crypto traders are wondering whether ETH will sustain this uptrend and outperform BTC to revisit $2,000 first. Let’s find out.

Ethereum Price Hits 2-Week High as Bitcoin Eyes $100,000

Ethereum price is currently trading at its highest level in two weeks as altcoins track Bitcoin, which recently surged above $90,000 for the first time since early March. At its current price of $93,732, Bitcoin will have to rally by around 7% to reclaim $100,000.

Top analysts forecast that a Bitcoin price rally to $100,000 might just be around the corner. Kyle Chasse notes that if the current uptrend continues with no disruptions, BTC will reach this target price before the end of the week.

Meanwhile, Arthur Hayes recently stated that if Bitcoin extends its rally past $100,000, it will unlock the next altcoin season. In his recent essay, he opined that as Bitcoin’s dominance peaks, it will cause capital rotation from BTC to altcoins.

Therefore, it is clear that a recovery in Bitcoin price will bode well for the largest altcoin, Ethereum, and aid its breakout from the recent bearish trends that have suppressed its performance. However, Bitcoin needs to clear $100,000 first for ETH to reach $2,000.

$2,000 Ethereum Price Within Sight As Whales, Institutions Accumulate

Data from Santiment suggests that whales might be the key driver of the gains in ETH value today to $2,000. In the last 24 hours, large whale addresses holding between 1,000 and 10,000 ETH coins have purchased more than 300,00 tokens, which helped fuel the buying pressure around this altcoin.

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?
Ethereum Whale Balance

Besides whales, institutions also seem to be stockpiling on Ethereum, with data from SoSoValue showing that on April 22, inflows to spot ETH ETFs reached $38M, which is the highest level since February 4, 2025. This supports a bullish Ethereum price prediction, which may help fuel gains past $2,000.

Ethereum Technical Analysis – How High Will ETH Rally?

A popular crypto market analyst believes that $2,000 might not be the only price target for Ethereum, as the altcoin has formed a giant inverse head and shoulders pattern. Usually, this chart indicates that the trend is on the verge of shifting from bearish to bullish.

According to Gert van Lagen, Ethereum’s four-year inverse head and shoulders pattern is in play on the weekly chart. However, for Ethereum to confirm this pattern, it not only needs to flip resistance at $2,000, but also soar past $3,900. This will set the stage for an over 10x rally to $20,000.

Can Ethereum Price Revisit $2,000 Before BTC Hits $100K?
ETH/USDT: 1-Week Chart

Therefore, as Bitcoin extends gains towards $100,000 and drags altcoins along, it is likely that the Ethereum price might also break a crucial resistance level of $2,000. Moreover, as whales and institutions accumulate, it supports the bullish thesis for the largest altcoin. A bearish reversal will be confirmed if the uptrend halts and ETH drops below $1,600.

The post Can Ethereum Price Revisit $2,000 Before BTC Hits $100K? appeared first on CoinGape.

Top 5 Facts You Should Know About New SEC Chairman Paul Atkins

Top 5 Facts You Should Know About New SEC Chairman Paul Atkins

After much wait, Paul Atkins has finally been sworn in as the new US SEC Chairman and is believed to bring better regulatory and supportive decisions related to the cryptocurrency ecosystem. Although his responsibilities are not limited to this industry, the focus is definitely on it, aligning with Donald Trump’s vision to make America the crypto capital. Before that takes shape, let’s discuss the top five facts to know about the new SEC Chair.

5 Not-to-Miss Facts About Paul Atkins

Paul Atkins, a 67-year-old American businessman and father of two, is the 34th SEC Chairman after having sworn on April 22, 2025. The current U.S. President, Donald Trump, nominated him for the SEC Chairman role. And after the Senate’s approval, he is replacing the acting chairman, Mark Udeya, since Gary Gensler resigned.

Donald Trump Nomination

Interestingly, he has worked with the SEC before, as the commissioner of the U.S. Securities and Exchange Commission from July 9, 2002, to August 2008, where he served with Christopher Cox, William H. Donaldson, and Chairman Harvey Pitt.

He is a pro-crypto supporter and has a history of working with various Fintech companies. His support for the industry was also made clear during the ceremony, as Atkins proclaimed Bitcoin and crypto as top priorities.

Paul Atkins SEC News

Interestingly, he began his career as a Lawyer after studying at Vanderbilt University School of Law in 1983. Here, he worked on a vast array of corporate transactions, public and private offerings, mergers, and much more.

His experience in government and the fintech industries is seen as a positive catalyst for introducing and maintaining regulations.

Paul Atkins News: What to Expect From The New SEC Chairman?

Even before joining the SEC, Paul Atkins has been quite vocal about his focus once he gains the position. Atkins has pledged to maintain a fair, orderly, and efficient market while ensuring investor protection.

As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors.

He is expected to strengthen and simulate the regulatory developments of the industry, beginning with joining the upcoming crypto roundtable meetings. More importantly, better conclusions on the Ripple vs SEC could come out due to his influence.

Additionally, more than 17 crypto ETFs are awaiting the SEC’s attention and potential approval that Atkins needs to address immediately. Overall, there are many legal battles and regulatory developments in process, which will be under his care now.

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Immutable (IMX) Hits 27-Day High as Token Leads Market Gains

Immutable (IMX) has emerged as the market’s top gainer over the past 24 hours, rallying more than 40% as bullish sentiment strengthens across the crypto market. 

The surge comes as Bitcoin (BTC) reclaims the key psychological level of $90,000, fueling a broader market rebound that has lifted several altcoins.

IMX Surges 41% to 27-Day High

IMX currently trades at a 27-day high of $0.65, noting a 41% price hike over the past day. During the same period, its trading volume recorded a surge of 761%, confirming the uptick in IMX’s trading activity.

IMX Price and Trading Volume
IMX Price and Trading Volume. Source: Santiment

When an asset’s price and trading volume rise simultaneously, it signals strong market interest and increased buying pressure. The combination confirms the strength of IMX’s bullish trend, as more traders are entering positions at higher prices. This indicates the potential for continued upward momentum.

On the daily chart, IMX trades above its 20-day exponential moving average (EMA), highlighting the bullish bias among its spot market participants. This key moving average measures an asset’s average trading price over the past 20 trading days, giving more weight to recent prices. 

When an asset’s price climbs above this level, it suggests a shift toward short-term bullish momentum. This crossover confirms that IMX buyers are gaining control, and the asset is entering an uptrend. 

IMX 20-Day EMA
IMX 20-Day EMA. Source: TradingView

Further, readings from the token’s Moving Average Convergence Divergence (MACD) support this bullish outlook. At press time, the MACD line (blue) rests above the signal (yellow) and zero lines.

IMX MACD
IMX MACD. Source: TradingView

An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

When the MACD line rests above the signal line, buying activity dominates the market. For IMX, this setup reinforces the recent price surge and suggests that upward pressure may continue as traders build confidence in the asset’s short-term trajectory.

IMX Bulls in Control: Rally Could Extend to $0.87

IMX’s Balance of Power (BoP) currently rests above zero at 0.54, signaling that buyers control the market. A BoP reading above zero reflects strong accumulation, indicating demand outweighs selling pressure. 

This reading supports the broader bullish outlook for IMX, suggesting that the recent price rally is backed by sustained investor interest. In this case, IMX could extend its rally to $0.79. 

IMX Price Analysis.
IMX Price Analysis. Source: TradingView

However, if traders begin profit-taking, IMX could reverse its current uptrend and fall to $0.34.

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Three Projects That Were Long RISC-V Before Vitalik Began Shilling It

How Vitalik Buterin Plans to Revolutionize Airdrops and Stop the Scammers

The post Three Projects That Were Long RISC-V Before Vitalik Began Shilling It appeared first on Coinpedia Fintech News

Last week, most ethereans had never heard of RISC-V, let alone worked out how to pronounce it (for the record it’s “risk-five”). Now suddenly everyone’s an expert on the blockchain instruction kit that’s being touted as a replacement to the EVM – and by no less than Vitalk himself. While some crypto figures have heaped praise on the Ethereum founder for belatedly seeing the light, others are surprised he didn’t convert sooner – particularly given that RISC-V’s capabilities have been well documented for years.

Describing the function of RISC-V is less than straight-forward, since it’s not technically a virtual machine like the EVM. It’s been variously described as “instruction set architecture” and “hardware-level ISA for physical processors,” neither of which sheds much light on what RISC-V actually does. So let’s express it in layman’s terms: RISC-V make computer run better. There, that was easy.

As for whether Ethereum will indeed ditch the virtual machine that’s got its name in it and switch to the rival RISC-V that’s more synonymous with Polkadot remains to be seen. But for the record, the following blockchain projects were long RISC-V long before Vitalik latched on.

Cartesi

One of the first projects to have seen RISC-V’s potential is Cartesi, the modular blockchain for performant dapps, all secured by rollups. It specified its chain to be powered by RISC-V from day one – indeed the framework is cited 56 times in Cartesi’s original whitepaper. As its docs explain, “The RISC-V ISA, on which Cartesi Machines are based, consists of a minimal 32-bit integer instruction set to which several extensions can be added.” If that’s a little too technical for you to parse, we’ll stop there, since Cartesi’s explanation only gets more complex from there.

Besides, what’s important isn’t so much the implementation as the foresight that Cartesi’s team had in identifying the need for a processor that was more scalable than the EVM. This might sound obvious now, in an age where Ethereum is stagnating and newer L1s such as Solana and Sui are racing ahead, but that’s just hindsight talking. In 2018, the EVM could do no wrong in the eyes of most devs. Cartesi saw things differently, and it’s now been vindicated, regardless of whether or not Ethereum ultimately switches software.

Wanxiang Blockchain

As its name suggests, Wanxiang is a Chinese blockchain company and its team was one of the earliest to see the potential in RISC-V, having been touting the tech since 2021. In fact, Wanxiang’s technical team were so intrigued by the potential for RISC-V’s implementation within a blockchain context that they founded an SIG (special interest group) to explore applications for it.

Together with partners LeapFive, StarFive, and SiFive, Wanxiang has put its brightest minds to the task of identifying how best to leverage RISC-V’s ISA to create innovative blockchain solutions powered by open source technology. The Wanxiang team were particularly taken with RISC-V’s ability to support a range of cryptographic algorithms and enable developers to create secure, trusted solutions.

Web3 Pi

If you’ve never heard of Web3 Pi, don’t be ashamed – most crypto users haven’t. It’s a project dedicated to making it easier to run an Ethereum node on a Raspberry Pi. This might not be the stuff that web3 mass adoption is made of, but it’s an interesting exercise from an intellectual and technological perspective nonetheless – especially when you discover that Web3 Pi has managed to run a fully synced Ethereum node on RISC-V.

This was achieved just over a month ago, and may have influenced Vitalik to go public with his thoughts on why Ethereum is ready to embrace the blockchain instruction set. Since this article can’t be closed out until RISC-V has been described a dozen different ways, incidentally, it should be noted that Web3 Pi refers to the tech as an “open-standard Instruction Set Architecture (ISA).”

We’ll leave the final word on RISC-V and its potential path to being integrated onto Ethereum mainnet to Vitalik: “A more radical approach from a protocol perspective is to convert existing EVM contracts into contracts that call an EVM interpreter contract written in RISC-V that runs their existing EVM code.” For a developer community still coming to terms with Pectra and its umpteen delays, the prospect of running all existing dapps through a converter may be a tough gig to sell. But if anyone can do it, Vitalik can.

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Last week, most ethereans had never heard of RISC-V, let alone worked out how to pronounce it (for the record it’s “risk-five”). Now suddenly everyone’s an expert on the blockchain instruction kit that’s being touted as a replacement to the EVM – and by no less than Vitalk himself. While some crypto figures have heaped …

Tesla Misses Q1 Revenue Targets but Still HODLs 11,509 BTC—Now Worth $1 Billion Again

Tesla’s Q1 2025 financial report reveals that despite missing revenue expectations, the company still holds over $951 million worth of Bitcoin.

After its initial purchase in February 2021 and the sale of 75% of its Bitcoin holdings in July 2022, Tesla currently holds approximately 11,509 BTC.

Bitcoin Remains a Strategic Asset for Tesla

According to a filing with the US Securities and Exchange Commission (SEC) on April 22, 2025, Tesla’s Q1 revenue reached $19.34 billion. This figure falls significantly short of market expectations, which stood at $21.37 billion.

The electric vehicle segment, Tesla’s primary revenue stream, posted a 20% year-over-year decline. The main reason is a 13% drop in deliveries and a 16% reduction in production.

Despite this, Tesla’s stock price has dropped 41% since the beginning of 2025, under pressure from controversies surrounding CEO Elon Musk’s involvement in government roles and ongoing protests against the company.

A key point of interest in Tesla’s Q1 2025 financial report for the crypto community is the company’s Bitcoin holdings. As of March 31, 2025, Tesla owns 11,509 Bitcoin, valued at approximately $951 million, according to data from Bitcointreasuries.net.

Tesla's BTC Holdings. Source: Bitcointreasuries.net.
Tesla’s BTC Holdings. Source: Bitcointreasuries.net.

Bitcoin’s 12% decline in Q1 2025 slightly reduced the value of Tesla’s BTC stash from $1.076 billion at the end of 2024. However, today, with Bitcoin prices rising 6% to $93,000, the value of Tesla’s Bitcoin holdings has again exceeded $1 billion.

New regulations by the Financial Accounting Standards Board (FASB) require companies to mark digital assets to market value each quarter, impacting Tesla’s financial reporting. Previously, this rule enabled Tesla to record a $600 million profit from Bitcoin in Q4 2024 due to market appreciation.

Thus, Tesla did not make any Bitcoin-related transactions during this quarter. This indicates the company is sticking with a HODL strategy, treating Bitcoin as part of its strategic investment portfolio. Other major firms, like Strategy and Metaplanet, are also following this long-term holding approach.

Elon Musk Refocuses on Tesla

Tesla’s continued Bitcoin holding amid market volatility shows Elon Musk’s confidence in the cryptocurrency’s long-term potential. However, it also raises questions about the fate of Tesla’s BTC stash, especially as Musk is expected to reduce his focus on DOGE and shift more attention back to Tesla starting this May.

“Not stepping down, just reducing time allocation now that @DOGE is established,” Musk stated.

Tesla now stands at a critical crossroads, with Dan Ives, an analyst at Wedbush, calling it a “code red situation.” If the current scenario persists, Musk may be forced to restructure Tesla’s financial strategy, including its Bitcoin holdings.

BeInCrypto reported that the cryptocurrency market will be volatile in the short term until mid-May 2025, citing economic pressures and trade policy uncertainty. The market might stabilize in mid- to late-Q2, supported by historical trends and loose monetary policy. Strong growth is expected in Q3, driven by Bitcoin’s post-halving cycle, institutional adoption, and clearer US crypto regulations.

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Crypto Scam Fallout: SEC Charges Ramil Palafox with $198 Million Fraud

The US Securities and Exchange Commission (SEC) has charged Ramil Palafox, a dual US-Philippine national, with orchestrating a $198 million crypto scam.

From January 2020 to October 2021, Palafox ran a Ponzi-style scheme through his company, PGI Global, defrauding many investors.

SEC Cracks Down on Massive Crypto Scam 

According to the press release, the regulator claims that Palafox raised about $198 million from investors globally. He promised them substantial returns from crypto and foreign exchange trading.

Nonetheless, the SEC alleges that Palafox misused over $57 million of the funds for personal purchases.

“As alleged in our complaint, Palafox attracted investors with the allure of guaranteed profits from sophisticated crypto asset and foreign exchange trading, but instead of trading, Palafox bought himself and his family cars, watches, and homes using millions of dollars of investor funds,” Associate Director of the SEC’s Philadelphia Regional Office Scott Thompson stated.

Furthermore, the company operated with a multi-level marketing (MLM) structure. Palafox attracted investors by claiming expertise in the crypto sector and offering an artificial intelligence (AI)-driven trading platform. Yet, both of these claims proved to be fraudulent.

The scheme eventually collapsed in 2021, resulting in significant financial losses for investors.

“The SEC’s complaint, filed in the US District Court for the Eastern District of Virginia, charges Palafox with violating the anti-fraud and registration provisions of the federal securities laws,” the press release detailed.

The SEC demands that Palafox return ill-gotten gains and pay civil penalties. The regulator has also asked for a permanent injunction to prevent Palafox from engaging in similar activities in the future. Additionally, the US Attorney’s Office has filed criminal charges.

Iranian National Charged for Running Dark Web Marketplace

Meanwhile, in a separate case, a federal jury indicted Iranian national Behrouz Parsarad for founding and operating a dark web marketplace. According to the US Office of Public Affairs, the Nemesis market facilitated the illegal sale of drugs, including fentanyl and other controlled substances. The marketplace was also involved in criminal activities like stealing financial data and distributing malware. 

Between 2021 and 2024, Nemesis processed over 400,000 orders. In addition to drug trafficking, Parsarad is also charged with money laundering for using crypto to conceal the proceeds of illegal activities.

“Nemesis users were not allowed to conduct transactions in official, government-backed currencies,” the press release read.

The accused now faces a mandatory minimum sentence of 10 years in federal prison, with a maximum penalty of life if convicted.

Previously, BeInCrypto highlighted that the FBI arrested Anurag Pramod Murarka for laundering over $24 million using the dark web. The cases highlight the US government’s intensified focus on regulating the cryptocurrency sector and combating cybercrime.

The post Crypto Scam Fallout: SEC Charges Ramil Palafox with $198 Million Fraud appeared first on BeInCrypto.

Why Ethereum Price is Up Today— Key Reasons Behind It

Ethereum Sell-Off

The post Why Ethereum Price is Up Today— Key Reasons Behind It appeared first on Coinpedia Fintech News

Ethereum, the world’s second-largest cryptocurrency, has made a strong comeback after dipping below $1,400 not long ago. Now, it’s back above $1,800, a three-week high, and investors are starting to ask, What’s behind this sudden surge?

Let’s take a look at the key reasons.

Ethereum Rises as Short Bets Drop

One major reason why Ethereum’s price has risen recently is that fewer traders are betting against it. Short positions on the CME have dropped to under $500 million, the lowest in 2025.

Previously, traders made money from a large gap between Ethereum futures and its current price. But when Trump’s tariffs eased and the market dropped, that gap became smaller, making the trade less profitable. This led traders to sell their Ethereum, which caused a price drop.

Now, with fewer traders betting against it and less selling pressure, Ethereum’s price is starting to recover.

Ethereum ETF Sees Inflow After 8 Days

Another major boost came from institutional investors. After more than a week of outflows, Ethereum ETFs finally saw positive inflows of $38.8 million. The biggest contribution came from Fidelity FETH with $32.7 million, and Bitwise ETHW added $6.1 million. 

This strong inflow shows growing interest from investors, which could mean more price growth.

Bitcoin’s Rally is Lifting Ethereum Too

Let’s not forget Bitcoin’s influence. BTC just hit a seven-week high of $94,000, which naturally sent a wave of positive energy through the entire crypto market. As Bitcoin leads the way, Ethereum, the largest altcoin, is also benefiting from this surge.

Ethereum Faces Little Resistance Ahead

According to on-chain data from IntoTheBlock, Ethereum doesn’t have too many strong price barriers ahead. The biggest possible sell zone sits around $1,860. This means some people might start selling at that level, which could slow down Ethereum’s rise.

But here’s the good news, if Ethereum breaks through this $1,860 level, there might not be much stopping it from going even higher. And that’s when the big target comes into view, $2,000.

However, if Ethereum can’t stay above $1,800, the price might drop again. The first support level is around $1,765, and a stronger one sits near $1,710.

The post Why Ethereum Price is Up Today— Key Reasons Behind It appeared first on Coinpedia Fintech News
Ethereum, the world’s second-largest cryptocurrency, has made a strong comeback after dipping below $1,400 not long ago. Now, it’s back above $1,800, a three-week high, and investors are starting to ask, What’s behind this sudden surge? Let’s take a look at the key reasons. Ethereum Rises as Short Bets Drop One major reason why Ethereum’s …