Crypto News: KuCoin Thailand Officially Launches as SEC-Approved Crypto Exchange

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KuCoin has officially launched its local crypto exchange in Thailand, now known as KuCoin Thailand, in partnership with ERX Company Limited. Fully licensed by Thailand’s Securities and Exchange Commission (SEC), this new platform combines KuCoin’s global trading experience with local operations. 

The launch, effective April 22, marks a major step in KuCoin’s Southeast Asia expansion, offering secure and regulated digital token and cryptocurrency services to Thai users.

“Our goal is to build a leading digital asset platform in Thailand with global vision, institutional-grade service and state-of-the-art technology,” said Henry Chen, Board Director at ERX.

Solutions Tailored To Thai Market

The operator continues to be called ERX, which recently acquired a license from the SEC. KuCoin is one of the top five crypto exchanges globally. ERX’s Chief Executive Att Tongyai Asavanund said that the goal is to bring powerful global tech and resources to offer solutions tailored to the Thai market. 

All the existing users have been migrated to the new platform, which can be accessed at www.kucoin.th or via the KuCoin TH app on mobile stores. ERX, now KuCoin Thailand now has a financial base with 351 million baht in paid-up capital. It’s almost entirely owned by Cryptosphere Ventures, a company set up in September 2024 with 1 million baht in initial capital.

KuCoin Thailand becomes the ninth crypto exchange to be licensed by the SEC, joining big names like Bitkub, Upbit, and Gulf Binance. Bitkub dominates Thailand’s crypto space with a trading volume of around $70 million. 

KuCoin Eyes Rapid Expansions

Previously, Thailand faced regulatory headwinds in South Korea, where KuCoin’s app was blocked without a license. KuCoin is eyeing rapid expansions across Latin America, the Middle East and Europe, with its global user base nearing 40 million. It is also pursuing an EU-wide MiCAR license through Austria.  

While crypto trading is popular in the country, using crypto for payments was banned in 2022. In April, regulators targeted foreign P2P platforms to fight scams and money laundering. KuCoin is also working to resolve a lawsuit with the U.S. CFTC.

The post Crypto News: KuCoin Thailand Officially Launches as SEC-Approved Crypto Exchange appeared first on Coinpedia Fintech News
KuCoin has officially launched its local crypto exchange in Thailand, now known as KuCoin Thailand, in partnership with ERX Company Limited. Fully licensed by Thailand’s Securities and Exchange Commission (SEC), this new platform combines KuCoin’s global trading experience with local operations.  The launch, effective April 22, marks a major step in KuCoin’s Southeast Asia expansion, …

Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025

Ripple XRP Price

The post Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025 appeared first on Coinpedia Fintech News

India’s crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple’s XRP. While Bitcoin and Ethereum have long dominated conversations, Ripple is quietly climbing the ranks, especially when it comes to active trading.

XRP Tops India’s Crypto Trades

According to the latest report from CoinSwitch, one of India’s largest cryptocurrency trading platforms, XRP has become the most traded cryptocurrency in India during the first quarter of this year. This is a big moment for the digital asset, as it overtakes popular tokens like Shiba Inu and Dogecoin, which have enjoyed strong fan bases in the country.

XRP now accounts for over 13% of total trades on the platform, a clear sign that Indian traders are keeping a close eye on it. Experts suggest that recent positive updates surrounding Ripple’s global operations and legal battles have likely boosted investor confidence, encouraging more people to buy and trade XRP.

Traders Pivot from Memecoins to Ripple

Interestingly, while XRP leads the trading charts, Bitcoin and Dogecoin still remain among the top assets held by Indian investors. People in India seem to trust established cryptocurrencies for long-term investments, but when it comes to fast-paced trading, XRP appears to be the go-to choice in early 2025.

Apart from Ripple’s rise, new meme coins like PEPE have also started attracting attention, while older names like Loopring are slowly fading from the spotlight. This shows just how quickly trends can change in India’s crypto market, with both seasoned investors and new traders willing to explore fresh opportunities.

A senior executive at CoinSwitch commented, “The first few months of 2025 have shown us how dynamic the Indian crypto market is. While some coins continue to be long-term favorites, traders are actively exploring new tokens like Ripple, driven by global events and growing awareness.”

The post Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025 appeared first on Coinpedia Fintech News
India’s crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple’s XRP. While Bitcoin and Ethereum have long dominated conversations, Ripple is quietly climbing the ranks, especially when it comes to active trading. XRP Tops India’s Crypto Trades According to the latest report from CoinSwitch, one of India’s largest cryptocurrency …

Top 5 Altcoins to Buy Now Before the Crypto Bull Run Hits Its Peak

Top 5 Altcoins

The post Top 5 Altcoins to Buy Now Before the Crypto Bull Run Hits Its Peak appeared first on Coinpedia Fintech News

As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days. 

The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China tariffs, Paul Atkins has officially taken the reins as the new SEC Chair, and hopes of interest rate cuts are gaining momentum.

With fear cooling off and confidence building, market watchers are turning bullish again. Popular analyst Crypto Christopher believes this is just the beginning of a much bigger rally. He’s spotlighting five top altcoins that he says are ready to explode before the bull run peaks.

1. Ethereum (ETH): 

Christopher remains ultra-bullish on Ethereum, calling it “massively undervalued” around the $1,600 mark. Unlike Bitcoin, ETH hasn’t set a new all-time high this cycle—yet. With Ethereum continuing to dominate DeFi, Web3, and Layer-2 infrastructure, he sees a conservative 3x to 4x upside, and even hints at a potential $10,000 price target in a bullish scenario. 

“This is a generational buying opportunity,” he states.

2. XRP:

Despite regulatory turbulence in recent years, XRP is back on the radar. Christopher sees massive upside potential driven by the coin’s global utility and ambitions for government adoption. XRP has a history of explosive price surges, and with a favorable macro backdrop and increasing utility, the analyst believes it could one day rival Ethereum in market cap.

3. Binance Coin (BNB):

BNB is staging a comeback. With rising trading volume, regular token burns, and cheaper transactions compared to Ethereum, Binance Smart Chain is regaining its developer base. Christopher expects BNB to smash through previous highs, potentially hitting $1,000 or more as new DeFi projects and liquidity return to the ecosystem.

4. Cardano (ADA): 

Often labeled a slow mover, Cardano hasn’t seen the breakout action other Layer 1s have. But Christopher argues that ADA’s current range-bound price is a blessing in disguise. With ADA still well below its $3 ATH, he projects a 5x return is possible.

 “For conservative investors using low leverage, ADA is one of the safest bets right now,” he adds.

5. Solana (SOL):

Closing the list of top altcoins is Solana, which Christopher dubs one of the strongest Layer 1 ecosystems today. Despite past concerns over network outages, meme coin mania and skyrocketing user volume are fueling momentum. From its current price around $140, Christopher sees 2x to 3x gains ahead, with up to 10x potential on leveraged positions if network growth holds. As market sentiment flips bullish and institutional inflows return, these top altcoins are well-positioned for the next leg of the bull run. While Bitcoin leads the charge, it’s these carefully selected altcoins that could deliver outsized gains, especially if history repeats itself.

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.

The post Top 5 Altcoins to Buy Now Before the Crypto Bull Run Hits Its Peak appeared first on Coinpedia Fintech News
As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days.  The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China …

Crypto Scam Losses Soar 66% in 2024, Says FBI Report

Crypto Scam

The post Crypto Scam Losses Soar 66% in 2024, Says FBI Report appeared first on Coinpedia Fintech News

Crypto scams are getting worse in the U.S. A new report by the FBI’s Internet Crime Complaint Center (IC3) reveals that Americans lost $9.3 billion to crypto fraud in 2024 alone—a shocking 66% increase compared to the $5.6 billion lost in 2023.

With over 140,000 complaints filed last year, authorities are warning that the true extent of losses may be even higher due to underreporting and outdated reporting systems.

Seniors Are the Primary Targets

The report highlights that 33,000 of the complaints came from seniors aged 60 and above, who lost more than $2.8 billion. The FBI notes that scammers deliberately target elderly victims, exploiting their lack of familiarity with digital assets.

A major tactic? Crypto ATM scams. In 2024, at least 2,700 senior citizens were tricked into withdrawing money from their bank or retirement accounts and sending it via crypto ATMs, resulting in total losses of around $107 million.

Fake Investments Drive Most Losses

Another major driver of crypto scams: fake investment opportunities. The report reveals that Americans lost over $1.6 billion in 2024 to fraudulent schemes that promised high returns from nonexistent or high-risk crypto projects.

With scammers constantly evolving their methods, the FBI urges the public to stay alert, avoid unsolicited investment offers, and report suspicious crypto activity. The bottom line? If it sounds too good to be true, it probably is.

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.

The post Crypto Scam Losses Soar 66% in 2024, Says FBI Report appeared first on Coinpedia Fintech News
Crypto scams are getting worse in the U.S. A new report by the FBI’s Internet Crime Complaint Center (IC3) reveals that Americans lost $9.3 billion to crypto fraud in 2024 alone—a shocking 66% increase compared to the $5.6 billion lost in 2023. With over 140,000 complaints filed last year, authorities are warning that the true …

Dormant Bitcoin Movements Surge by 121% in Q1 2025 Amid Sentiment Shifts

According to an on-chain analyst, the movement of dormant Bitcoins (BTC) increased by 121% in Q1 2025 compared to Q1 2024.

This shift may signal that long-term investors are reacting to broader economic trends or anticipating market changes.

Dormant Bitcoin on the Move: What’s Driving the Trend?

In a recent post on CryptoQuant, the analyst revealed that investors moved around 28,000 dormant Bitcoins in Q1 2024. March was particularly noteworthy, with approximately 19,296 BTC moved. This was in contrast to the lower figures in January (approximately 3,034 BTC) and February (approximately 5,678 BTC).

“In the first three months of 2025, more than twice the amount of long-dormant Bitcoin has been moved compared to the same period in 2024,” the post read.

Dormant Bitcoin Movements
Dormant Bitcoin Movement. Source: OnChain School/ CryptoQuant

Comparing this to the first quarter of 2025, the total amount of Bitcoin moved was notably higher. Over 62,00 BTC, dormant for over seven years, was transferred. Specifically, investors moved 24,595 BTC in January, 21,820 BTC in February, and 16,456 BTC in March.

The analyst suggested that this surge in activity reflects a shift in sentiment among long-term Bitcoin holders. This shift could be driven by macroeconomic factors, evolving price expectations, or institutional liquidity demands

Notably, 2025 has proven to be a turbulent year for Bitcoin. Geopolitical shifts, rising trade tensions, and growing economic concerns have significantly impacted the market. 

Recently, Glassnode pointed out that Bitcoin has experienced its deepest drawdown of the cycle. In its weekly newsletter, the firm emphasized that investors are facing intense pressure. Furthermore, many are currently experiencing their largest unrealized losses ever.

“Current unrealized losses are largely concentrated among newer investors, while long-term holders remain in a position of unilateral profitability. However, an important nuance is emerging, as recent top buyers age into long-term holder status, as noted, the level of unrealized loss within this cohort is likely to increase,” the newsletter read.

However, Glassnode noted that BTC’s dip remains within the typical range of previous corrections seen in bull markets. Importantly, Bitcoin has also been on a recovery rally lately. 

Over the past week, its value has appreciated by 8.9%. Yet, daily losses stood at 2.2%. At the time of writing, BTC was trading at $92,164. The decline wasn’t isolated, as the broader crypto market also experienced a correction. 

BTC Price Performance
BTC Price Performance. Source: BeInCrypto

Meanwhile, the increased movement of dormant assets is not limited to Bitcoin. A parallel trend has emerged in the Ethereum (ETH) market. Data from Lookonchain showed that in early February, a whale deposited its entire holdings of 77,736 ETH into Bitfinex after being inactive for six years.

In early April, Onchain Lens posted about an eight-year dormant whale moving 11,104 ETH worth 19.97 million.

“Of this, 247.93 ETH was sent to Coinbase and 10,856 ETH to a new wallet. The whale initially withdrew ETH for $2.51 million from Kraken and Gemini, 8 years ago,” Onchain Lens added.

This asset movement reflects investors’ strategic repositioning amid economic uncertainty.

The post Dormant Bitcoin Movements Surge by 121% in Q1 2025 Amid Sentiment Shifts appeared first on BeInCrypto.

KILO Drops Over 5% Despite KiloEx Resumption Plans: What Users Should Know

Barely two weeks after a hacking incident compelled KiloEx’s suspension, the platform is staging a comeback and offering a compensation plan for affected victims.

The comeback highlights the platform’s resilience even as bad actors remain a consistent threat to the crypto industry.

How KiloEx Will Compensate Victims of $7 Million Hack

The YZi Labs-backed decentralized exchange (DEX) revealed the news in an X (Twitter) post, detailing how it would compensate victims.

“Due to the security incident on April 14, 2025, where KiloEx was exploited by a hacker, some user activities were affected. We are now announcing resolution plans for traders, Hybrid Vault stakers, and VIP users,” wrote the DEX.

In a follow-up Medium post, KiloEx detailed how it would unite traders, Hybrid Vault Stakers, and VIP users.

  • Instructions for KiloEx Traders

Traders’ limit orders will be canceled while taking profit, and stop losses will be executed as normal. Traders whose positions remained open during the platform suspension will remain active after the KiloEx platform resumes. However, those whose losses increased or profits decreased during this suspension will be fully compensated for the difference.

“Please close your position as soon as possible after the platform resumes,” KiloEx directed.

This directive comes as DEX will calculate compensation based on the platform’s resume time. Accordingly, traders who delay their position closure could incur differences between their actual PnL (profit and loss) and the compensation amount.

  • Instructions for Hybrid Vault Stakers on KiloEx

Hybrid Vault Stakers’ principal and earnings during the suspension period remain unaffected. The platform recovered and fully reinjected all stolen funds into the Hybrid Vault.

Nevertheless, KiloEx will still, based on eligibility, incentivize this cohort of users with a Special Yield Boost Campaign upon resuming.

“Users will receive an additional 10% APY on top of the base platform yield. The bonus yield will be paid out in USDT,” read an excerpt in the Medium post.

  • Instructions for KiloEx VIP Users

For this cohort of KiloEx $7 million hack victims, there will be a +1 level upgrade, excluding VIP7 users. However, all affected users, including VIP7, will also get a 30-day VIP status protection period.

Notably, the VIP status was determined based on a real-time snapshot taken at the time of the KiloEx security incident.

KiloEx Details Resumption Plans After Audits and Consultation

BeInCrypto reported that KiloEx suspended its platform following the attack, amidst collaborations with security partners to investigate the breach and track stolen funds. 

Like the Zksync incident, it also commissioned a bounty program to encourage whitehat assistance and recover user assets. Following these measures and due diligence, the platform is ready to resume operations.

“KiloEx is coming back! Following a thorough security audit by SlowMist, we are officially resuming soon,” the DEX shared.

Blockchain security firm SlowMist corroborated the report, detailing its involvement in resolving the KiloEx incident.

“Recently, SlowMist helped KiloEx communicate with the attacker via on-chain messages, leading to the recovery of $8.44 million in stolen funds,” SlowMist wrote.

Further, the security firm highlighted the role of on-chain messaging in the recovery, presenting it as a crucial communication tool in blockchain, including security incidents.

Despite the news about resumption and compensation, KiloEx’s native token, KILO, is down by over 5%. As of this writing, it was trading for $0.0425 on CoinGecko.

KiloEx (KILO) price performance
KiloEx (KILO) price performance. Source: TradingView

Meanwhile, it is worth noting that YZi Labs (formerly Binance Labs) incubated KiloEx. The DEX launched its token generation event (TGE) on March 27 in partnership with Binance Wallet and PancakeSwap

The post KILO Drops Over 5% Despite KiloEx Resumption Plans: What Users Should Know appeared first on BeInCrypto.

5 Divergence Signals in April Point to a Recovery for Bitcoin and Altcoins

The crypto market shows positive signs in the second half of April 2025. Several divergence signals have appeared, suggesting a potential recovery for Bitcoin and altcoins.

Divergence is a key concept in data analysis. It happens when the values of two metrics suddenly shift and move in opposite directions compared to their previous trend. This often signals a change in price momentum. Based on expert analysis and market data, this article highlights five major divergence signals—three for Bitcoin and two for altcoins—to help investors better understand the market outlook.

3 Divergence Signals in April Point to a Bitcoin Price Rally

Historically, Bitcoin and the DXY Index (US Dollar Index) move in opposite directions. When DXY rises, Bitcoin tends to fall, and vice versa. But from September 2024 to March 2025, Bitcoin and the DXY moved in the same direction.

This correlation broke in April when the US announced a new tariff policy. The inverse relationship seems to have returned.

Joe Consorti, Head of Growth at TheyaBitcoin, noted that Bitcoin started decoupling from the US dollar after the announcement of the sweeping tariff regime. A chart from his post shows that in April, while the DXY fell sharply from 103.5 to 98.5, Bitcoin surged from around $75,000 to over $91,000.

Divergence Between BTC And USD
Divergence Between BTC And USD. Source: Joe Consorti

This divergence may reflect investors turning to Bitcoin as a safe-haven asset amid global economic uncertainty caused by the tariffs.

“Bitcoin has been diverging from the US dollar since the US announced its sweeping tariff regime. Amidst this global economic reordering, gold and bitcoin are shining,” Joe Consorti predicted.

Another key divergence comes from Tuur Demeester, an advisor to Blockstream. He pointed out a separation between Bitcoin and the NASDAQ Index, which represents tech stocks. Historically, Bitcoin closely followed the NASDAQ due to its ties to tech and macroeconomic sentiment.

But in April 2025, Bitcoin started showing independent growth. It no longer moves in sync with the NASDAQ. While some, like Ecoinometrics, argue that this divergence isn’t necessarily bullish, Demeester remains optimistic.

Divergence Between Bitcoin And NASDAQ. Source: Ecoinometrics.
Divergence Between Bitcoin And NASDAQ. Source: Ecoinometrics

“Bitcoin divergence” and “Bitcoin decoupling” will be dominant headlines for 2025,” Tuur Demeester said.

Specifically, NASDAQ has faced downward pressure from interest rate concerns and slowing growth. Meanwhile, Bitcoin has shown strength, with significant price gains. This suggests that Bitcoin is cementing its role as a standalone asset less tied to traditional markets.

Data from CryptoQuant highlights another divergence—this time in investor behavior. Long-term Bitcoin holders (LTH, those who’ve held BTC for over 155 days) began accumulating again after the recent local peak.

In contrast, short-term holders (STH) are selling off. This divergence often signals the early stage of a re-accumulation phase and hints at a future price rebound.

Bitcoin Long Term Holder Net Position Change. Source: CryptoQuant.
Bitcoin Long Term Holder Net Position Change. Source: CryptoQuant.

“Why This Divergence Matters? LTH behavior is generally associated with macro conviction, not speculative moves. STH activity is often emotional and reactive, driven by price volatility and fear. When LTH accumulation meets STH capitulation, it tends to signal early stages of a re-accumulation phase,” IT Tech, an analyst at CryptoQuant, predicted.

Altcoin Recovery Round the Corner

Divergence signals also appeared for altcoins, indicating a positive short-term outlook.

Jamie Coutts, Chief Crypto Analyst at Realvision, pointed to a key divergence using the “365-day new lows” indicator. This metric tracks how many altcoins hit their lowest point in the past year.

In April 2025, although altcoin market capitalization dropped to a new low, the number of altcoins hitting new 365-day lows decreased significantly. Historically, this pattern often precedes a recovery in altcoin market caps.

365-day New Low Indicator. Source: Jamie Coutts.
365-day New Low Indicator. Source: Jamie Coutts

“Divergence shows downside momentum was exhausted,” Jamie Coutts said.

In simpler terms, fewer altcoins hitting rock bottom means less panic-selling. It suggests that negative market sentiment is weakening. At the same time, rising prices show renewed buying interest. These factors hint that altcoins may be gearing up for a recovery—or even an “altcoin season,” a period when altcoins outperform Bitcoin.

Another technical divergence comes from the RSI (Relative Strength Index) on the Bitcoin Dominance chart (BTC.D), noted by analyst Merlijn The Trader. This chart reflects Bitcoin’s share of the total crypto market capitalization.

Divergence Between Bitcoin And RSI. Source: Merlijn The Trader
Divergence Between Bitcoin And RSI. Source: Merlijn The Trader

“Bearish Divergence Spotted on BTC.D. Higher highs on the chart. Lower highs on RSI. This setup doesn’t lie. Altcoin strength is brewing. Watch for trade setups,” Merlijn said.

This pure technical divergence suggests that BTC.D might soon undergo a strong correction. If that happens, investors may shift more capital into altcoins.

The altcoin market cap (TOTAL3) rebounded by 20% in April, from $660 billion to over $800 billion. The divergence signals discussed above suggest that this recovery could continue.

The post 5 Divergence Signals in April Point to a Recovery for Bitcoin and Altcoins appeared first on BeInCrypto.

Tim Beiko Details Ethereum’s Pectra Upgrade: Smart Accounts and L2 Scaling Ahead

Ethereum, the world’s leading blockchain platform, will deploy the Pectra upgrade on its mainnet, scheduled for rollout on May 7, 2025.

The Pectra upgrade enhances the network’s performance and scalability and introduces groundbreaking features, particularly with EIP-7702, making Ethereum more user-friendly and secure.

Ethereum Pectra Upgrade Timeline Confirmed

Tim Beiko, a key figure in Ethereum’s development team, announced on X that the Pectra upgrade will officially launch on the mainnet on May 7, 2025, at epoch 364032. Initially planned for April 30, the upgrade was delayed due to technical issues on the testnet.

This cautious approach shows Ethereum’s commitment to stability and security, ensuring seamless network operation post-upgrade. Coinbase has also begun preparations to support the upgrade, ensuring necessary updates are implemented promptly after Pectra’s launch.

Pectra is Ethereum’s most significant upgrade, incorporating 11 Ethereum Improvement Proposals (EIPs). It builds on major upgrades like Dencun (March 2024), focusing on improving Layer 2 (L2) scalability, optimizing validator experiences, and enhancing user-friendliness.

These changes solidify Ethereum’s leadership while laying the groundwork for decentralized applications (dApps) to thrive.

Tim Beiko: Key Highlights of the Pectra Upgrade

Tim Beiko tweeted an overview of the upcoming Pectra update, with some notable highlights. One of Pectra’s standout features is EIP-7702, which extends standard Ethereum accounts (EOAs) with smart contract functionality.

“EIP-7702 enables use cases like transaction batching, gas sponsorship, or social recovery, all without migrating your assets” Tim tweeted.

Pectra also introduces several improvements for validators. Validators can increase their effective balance up to 2048 ETH, allowing them to accrue staking rewards directly without creating additional validators. Large validators can consolidate balances, reducing bandwidth strain on the P2P network.

Source: Ethereum Foundation Blog
Pectra Validator Efficiency. Source: Ethereum Foundation Blog

“It also removes the pre-merge PoW follow distance, shortening the delay to process validator deposits, and introduces execution-layer triggerable withdrawals, which enable more trustless staking constructions.” Tim shared.

The Pectra upgrade will double the average number of blobs per block, from 3 to 6. This increase will enable L2 solutions to scale faster, meeting growing market demands. It’s a critical step in Ethereum’s scalability roadmap, especially as L2 platforms like Arbitrum and Optimism continue to grow.

Blob scaling. Source: Ethereum Foundation Blog
Blob scaling. Source: Ethereum Foundation Blog

“Raising this limit was in part possible due to another EIP (7623), which bounds the worst-case block sizes on the network!’ Tim tweeted.

Significance for the Ethereum Ecosystem

Pectra is a strategic leap forward for Ethereum to maintain its dominance in the blockchain space. By increasing blob capacity and improving validator efficiency, Ethereum can handle more transactions per second, fostering dApp growth and attracting new users.

These changes will better position Ethereum to meet future demands while providing an infrastructure for developers.

The Pectra upgrade has garnered positive feedback from the Ethereum community. In Tim Beiko’s announcement, some X users expressed excitement. However, one user noted the need for better public education, stating, “Too bad 99% of people have no idea what that means.”

The post Tim Beiko Details Ethereum’s Pectra Upgrade: Smart Accounts and L2 Scaling Ahead appeared first on BeInCrypto.

XRP Soars Amid Market Hype, But Key Indicator Predicts Trouble

Ripple’s XRP has managed a 3% price increase over the past week, in line with the broader crypto market rally that has lifted several major coins. 

However, despite the bullish momentum, a key technical indicator is flashing a warning signal that could undermine XRP’s recent gains.

XRP’s Rally on Thin Ice

XRP’s Chaikin Money Flow (CMF)—an indicator that measures the volume-weighted flow of money into and out of an asset—has been trending downward even as the token’s price has continued to rise. This momentum indicator is currently at 0.03 and trending toward the center line.

XRP CMF.
XRP CMF. Source: TradingView

The trend forms a bearish divergence between XRP’s price action and CMF, a warning sign of weakening momentum. Typically, the CMF tracks the flow of capital into an asset, so when it declines while prices rise, it suggests that the rally lacks solid support from sustained demand. 

In other words, XRP traders may be buying based on short-term hype rather than long-term conviction. This means its recent gains are vulnerable to being erased, especially if broader market sentiment shifts or profit-taking sets in. 

Further, the altcoin’s negative Balance of Power (BoP) supports this bearish outlook. As of this writing, the indicator is at -0.76, highlighting the weakening demand for XRP. 

XRP BoP.
XRP BoP. Source: TradingView

When an asset’s BoP is negative like this, sellers exert more influence over price action than buyers. It is a bearish signal that indicates further downside pressure on XRP if the trend continues.

XRP Faces Crucial Test at $2 Support

XRP currently trades at $2.18, holding above support formed at $2.03. If demand weakens further, XRP bulls might be unable to defend this support level, causing the altcoin to fall back below $2, to trade at $1.61.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

However, a resurgence in new demand for XRP will invalidate this bearish outlook. In that scenario, its price could rally to $2.29 and charge toward $2.50.

The post XRP Soars Amid Market Hype, But Key Indicator Predicts Trouble appeared first on BeInCrypto.

John Deaton Reacts As Cardano Founder Bets On Ethereum Demise

ohn Deaton Reacts As Cardano Founder Bets On Ethereum Demise

In the latest development in the blockchain space, Cardano founder Charles Hoskinson shared his thoughts on Ethereum’s potential demise, prompting a reaction from pro-XRP lawyer John Deaton.

Notably, Charles Hoskinson projected the Ethereum blockchain’s possible downfall, commenting that the platform would not survive over the next decade. Acknowledging Hoskinson’s Ethereum roots, John Deaton appreciated his comments as particularly noteworthy.

The Future of Ethereum: Insights from John Deaton and Charles Hoskinson

Recently, the Cardano founder, Charles Hoskinson, predicted that the Ethereum network will collapse in the next 10-15 years. He noted, “So, I don’t think Ethereum will survive, you know, more than 10 years to 15 years.”

In response to his words, XRP attorney John Deaton shared a thread on X. John Deaton acknowledged Hoskinson’s words as insightful and particularly significant, given Hoskinson’s foundational role in Ethereum’s creation.

Deaton also expressed curiosity about others’ thoughts on Ethereum’s future, humbly acknowledging the limitations of his own knowledge on the subject. His X post read,

Fascinating to listen to an Ethereum co-founder opine on whether Ether can even survive. I’m not smart enough to have an opinion one way or the other but would like to know what others think.

Why Ethereum Might Not Last 15 More Years? Charles Hoskinson Explains

In a recent Ask Me Anything (AMA) session yesterday, the Cardano founder expressed concerns about the long-term viability of the Ethereum blockchain. Highlighting the platform’s key mistakes, Hoskinson posited that Ethereum would not exist after some 15 years. This has sparked comments from John Deaton.

Hoskinson’s comments follow his revelations on Cardano’s plans to boost Bitcoin’s adoption in DeFi applications.

What Are Ethereum’s Three Mistakes?

Protocol & Consensus Model: According to Hoskinson, Ethereum’s choice of protocol and consensus model is not sufficient for the network’s needs. In particular, he mentions the current limitations of Ethereum’s Proof-of-Stake (PoS) mechanism.

Layer 2 Scaling Solutions: The Cardano founder slams the blockchain’s adoption of layer 2 scaling solutions, addressing them as “parasitic.”

Governance System: As per Hoskinson, the Ethereum network’s governance system is unsound. He pointed out that the platform’s governance is off-chain, but not on-chain, which could lead to inefficiencies in decision-making and adaptability.

John Deaton’s latest comments on the Cardano founder’s insights on Ethereum come following the former’s recent criticism of Oregon AG Rayfield. The XRP lawyer questioned the AG’s motivations for filing a lawsuit against Coinbase with outdated claims.

The post John Deaton Reacts As Cardano Founder Bets On Ethereum Demise appeared first on CoinGape.