Author: Monicah W

Michael Saylor and MicroStrategy are again setting the standard for other companies to follow in terms of adopting a Bitcoin Strategy. Saylor recently revealed the company’s plans to raise up to $84 billion to buy more Bitcoin.

MicroStrategy To Raise $84 Billion To Buy More BTC

In an X post, Michael Saylor announced that MicroStrategy has doubled its capital plan to $42 billion in equity and $42 billion in fixed income to purchase more Bitcoin. The company has also announced a BTC yield of 13.7% and a BTC gain of $5.8 billion year-to-date (YTD). Meanwhile, it plans to increase its BTC yield target from 15% to 25% and BTC gain target from $10 billion to $15 billion for 2025.

The company, now known as Strategy, currently holds 553,555 BTC, which it acquired at a total cost of $37.90 billion and at an average price of $68,459 per bitcoin. As Coingape reported, Strategy acquired 15,355 Bitcoin for $1.42 billion last week at an average price of $92,737 per BTC.

MicroStrategy ramped up its Bitcoin Strategy towards the end of last year, regularly purchasing BTC every week from November to the end of the year. The firm has continued the buying streak this year, having purchased BTC almost every week since the start of 2025.

As a result, Saylor and his company currently hold over 2% of Bitcoin’s total circulating supply and are the public company with the largest BTC holdings. BlackRock is the only other institutional investor that ranks ahead of Strategy. The world’s largest asset manager currently holds around 570,000 BTC in assets under management (AuM).

As part of its $84 billion capital raise, Strategy has announced a new $21 billion at-the-market (ATM) common stock equity offering. The company has already raised about $6.6 billion through the issuance and sale of its Class A common stock.

 

The post Michael Saylor’s MicroStrategy To Raise $84 Billion For Bitcoin Purchases appeared first on CoinGape.

American crypto exchange platform Kraken has revealed its first Quarter (Q1) performance report as it recorded another big breakthrough start to the year. According to the update, the firm generated a total of $472 million in gross revenue, and its adjusted EBITDA is $187 million. As the firm noted, Kraken said it had a strong topline performance amid disciplined executions.

Kraken Q1 Highlights

According to the company’s update, Q1 revenue marked a 19% year-over-year increase. The crypto exchange said its performance comes despite the slowdown in trading activity after its breakout record in Q4, 2024.

Despite the growth quoted, revenue declined by 7% for the quarter. However, the overall crypto exchange trading volume jumped 29% year over year. Kraken also saw an increase in funded accounts by 26% year over year amid massive adoption.

The outpacing of the broader crypto market benchmarks complemented these performance metrics. As the American trading platform noted, this boosts its overall market share and deeper client engagement trends.

Over the past few months, the exchange has expanded into new markets to boost its overall presence. As reported, it secured restricted dealer registration in Canada to expand its North American reach.

Ambitious Crypto Exchange M&A Record

To further boost its market relevance, Kraken completed the acquisition of NinjaTrader, a cloud, multi-tech trading platform. As the bigger exchange noted in its financial update, NinjaTrader’s infrastructure and community align with its vision.

Through NinjaTrader, Kraken can now expand its reach to serve institutional clients in the mainstream TradFi market. Beyond NinjaTrader, the trading platform has robust activity, with platforms like PumpFun consistently liquidating their Solana stash through the trading platform.

The exchange also launched Kraken Pay, a new consumer app and staking product to offer users new value. Despite the visibility of core rivals like Coinbase and Binance, Kraken has maintained an impressive stance as a top market leader.

The Incoming Kraken IPO

For a few years now, the idea of a potential Kraken public listing through an Initial Public Offering (IPO) has been a possibility. Although details were not disclosed in the current financial report, the exchange is considered a forerunner among top crypto firms and is billed for public listing this year.

Kraken’s businesses and operations do not currently face regulatory hurdles. The platform’s staking lawsuit has been closed under the new US Securities and Exchange Commission (SEC) leadership.

With this, the platform remains on the radar amid growing clamor for a new crypto regulation landscape.

The post Kraken Q1 Performance Metrics Soar as IPO Hype Grows appeared first on CoinGape.

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.

Mango Markets Hacker Sentenced to 52 months

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.

Criminal History and Legal Arguments

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.

Potential Retrial on Crypto Theft Charges

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.

The post Mango Markets Hacker Avi Eisenberg Sentenced to 52 Months in Prison appeared first on CoinGape.

The push for Real-World Asset (RWA) tokenization on the Solana blockchain is growing as Ondo Finance has expanded to the network. As announced on X, the institutional-grade RWA outfit said it is expanding its bridging solution to Solana. Based on historical precedent, this Bridge integration has a massive positive upside for SOL and ONDO, the native assets of both protocols.

The Ondo Finance and Solana RWA Alliance

According to the announcement, Ondo Decentralized Verifier Network (DVN) has expanded to Solana. With it, the Proof-of-Stake chain can link to other EVM-compatible chains like Ethereum, Arbitrum, and Mantle.

As it noted, through the bridge deployment, USDY holders can move assets across the largest crypto platforms to drive a new value system. With more than $170 million worth of USDY on Solana per Total Value Locked on the tokenization platform, users can now do more with this integration.

“This new bridge unlocks frictionless RWA mobility, empowering users to move USDY fluidly without introducing extra counterparty risks or requiring inefficient capital reserves,” the announcement reads, noting that “Each USDY transfer between chains is maximally capital efficient, requiring no additional external capital to fill transfers, as would be required via third-party bridge environments.”

Over the past few months, Ondo Finance has collaborated with World Liberty Financial in a bid to drive its tokenization agenda. For its strides, it has managed to place its token ONDO in the spotlight.

Implications for Solana and ONDO Price

With an active product in high demand by institutional investors, the ONDO price may gain an additional boost over time. Solana is an established blockchain protocol with millions of users. The access to liquidity, all of which may eventually flow into USDY and Ondo Finance-backed solutions, can fuel a big rally.

At the time of writing, the price of ONDO has rebounded, up 1.05% in the past 24 hours to $0.9215. Just like ONDO, Solana has also staged a breakout, up 2.20% in 24 hours to $150.55.

ONDO has other primary growth triggers, like the recent Binance listing, that can also help boost its price outlook. With growing adoption and exchange listings, the token’s accessibility is growing, setting the underlying coin up for a possible breakout.

Meanwhile, there is a growing quest for RWA tokenization in both the Decentralized and Traditional Finance ecosystems. With its recent technology, Ondo Finance may soon be positioned to take a significant market share.

The post ONDO Price Eyes Breakout as Ondo Finance Expands To Solana appeared first on CoinGape.

The post Ripple Launches XRP Rewards For Loyal Supporters as Token Eyes Key Price Breakout appeared first on Coinpedia Fintech News

Ripple has announced a special XRP Rewards Event to show appreciation for its community. This event is a way for Ripple to thank supporters who stood by the company during its long legal battle with the U.S. Securities and Exchange Commission (SEC).

Free XRP Tokens for the Ripple Community

The rewards event is open to everyone in the Ripple community. Eligible users can claim free XRP tokens by registering based on their location and account status. After signing up, participants will go through a quick eligibility check.

We’re excited to announce the official launch of the $XRP Rewards Event for the entire Ripple community!

This exclusive opportunity is our way of thanking those who stood by #Ripple during challenging times.

To learn how to claim your $XRP, check the details below pic.twitter.com/Us91dxLbP8

— Ripple News (@news_ripplex) April 30, 2025

Ripple has made it clear that the event is simple and accessible for all active members of its network.

How to Claim Your XRP

Ripple promises an easy process for claiming the rewards. Community members just need to follow the instructions shared by Ripple to collect their XRP tokens. Full details about the eligibility rules, claim steps, and when the rewards will be distributed are expected to be announced soon on Ripple’s official channels.

XRP Market Update: Price Holds Steady

XRP’s price went up by around 3%, briefly trying to move past the $2.25 mark. The token continues to hold strong support between $2.14 and $2.27, staying steady even as the broader crypto market experiences ups and downs.

While the rewards event has sparked interest, XRP’s price remains in a tight range for now. Market watchers believe a bullish breakout towards $2.41 is possible in the near future, but the market currently appears calm and steady.

Ripple’s Business Moves

Alongside the rewards event, Ripple’s business decisions have caught attention. Reports recently suggested that Ripple considered buying Circle, the company behind the USDC stablecoin. Although the deal didn’t happen, Ripple’s recent purchase of fintech firm Hidden Road for $1.25 billion shows the company’s strong financial position and plans to grow beyond the XRP Ledger.

The post Ripple Launches XRP Rewards For Loyal Supporters as Token Eyes Key Price Breakout appeared first on Coinpedia Fintech News
Ripple has announced a special XRP Rewards Event to show appreciation for its community. This event is a way for Ripple to thank supporters who stood by the company during its long legal battle with the U.S. Securities and Exchange Commission (SEC). Free XRP Tokens for the Ripple Community The rewards event is open to …

The post Altseason 2025: 3 Altcoins to Stack Before the Big Pumps appeared first on Coinpedia Fintech News

The crypto market is rising, and several altcoins are positioning themselves for big moves. With major partnerships, integrations, and bullish regulatory developments, certain projects are standing out from the crowd. If you’re looking for altcoins to stack right now, here are three tokens that deserve a spot on your radar, according to Altcoin Buzz.

Altcoin 1: XRP

XRP (Ripple) is causing a stir after it tried to buy Circle, the company behind the USDC stablecoin, for $5 billion. However, Circle turned down the offer. This move was Ripple’s way of trying to take control of the stablecoin market. Ripple is also allegedly meeting with the new SEC chairman, Paul Atkins, which could help solve past legal issues and lead to better times for XRP. The price of XRP is showing signs it might go up soon.

Altcoin 2: SUI

Sui (SUI) is growing fast by adding Stacks and sBTC to its platform. This allows Bitcoin holders to use their Bitcoin in new ways on Sui. Recently, Sui has become more valuable than big projects like Avalanche and Chainlink. 

The team is also preparing for the Sui Base Camp event in Dubai, where they will reveal new projects and partnerships. The co-founder of Sui believes the network could become a multi-trillion-dollar project over the next 8 to 12 years as the crypto world continues to expand.

Altcoin 3: HBAR

Hedera (HBAR) has some exciting news. There’s an 80% chance that an HBAR ETF will be approved soon. If it happens, it could raise the price of HBAR. Hedera is also working with the Nairobi Stock Exchange to create a digital platform that will turn real-world assets, like real estate and stocks, into digital tokens. Hedera is known for being one of the fastest and cheapest blockchains, which makes it a top choice for tokenizing assets. The price of HBAR is expected to keep rising in the next few weeks.

The post Altseason 2025: 3 Altcoins to Stack Before the Big Pumps appeared first on Coinpedia Fintech News
The crypto market is rising, and several altcoins are positioning themselves for big moves. With major partnerships, integrations, and bullish regulatory developments, certain projects are standing out from the crowd. If you’re looking for altcoins to stack right now, here are three tokens that deserve a spot on your radar, according to Altcoin Buzz. Altcoin …

The post Worldcoin Enters the US Markets—Chart Hints at $2.2-Here’s What’s Next appeared first on Coinpedia Fintech News

The Worldcoin price seems to be ready to defend $1 support as it has remained firmly above the levels throughout the day. However, the bearish pressure over the markets was somewhat negligible, but the WLD bulls have managed to keep up the momentum of the rally. The technicians have been displaying strong directional movement, which favors a decent rise in the price. After the key development, here’s what’s next for the WLD price rally. 

The platform has entered the U.S. market, which has marked a major milestone for the crypto industry. It has launched the World ID, or Orb in six U.S. States: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. The Sam-Altman-led project aims at identity verification and offers WLD tokens for users who do so. With this, the demand for the token is expected to increase subsequently, and with the latest rise, the bulls seem to have gained huge control over the rally. 

The weekly chart of Worldcoin displays that the price has reached the lowest level of the consolidation, attracting the bulls. The buying pressure has grown considerably, which has pushed the price above the conversion line of the Ichimoku cloud. If the price maintains a considerable ascending trend, the conversion & base lines of the Ichimoku could undergo a bullish crossover, validating the start of a fresh bullish trend. On the other hand, the weekly MACD shows a drop in the selling pressure and with a rise in the buying volume, the price may also begin to surge. 

The US launch was accompanied by Coinbase listing the WLD token, enabling trade for US customers. Therefore, the volume is said to increase notably in the coming days, which could positively impact the WLD price. The next pitstop for the rally is the pivotal resistance zone between $2.2 and $2.4, and a rise above this range could elevate the levels to $4, completing the double bottom pattern. Hence, a breakout from here could trigger a strong upswing towards the double-digit figure. 

The post Worldcoin Enters the US Markets—Chart Hints at $2.2-Here’s What’s Next appeared first on Coinpedia Fintech News
The Worldcoin price seems to be ready to defend $1 support as it has remained firmly above the levels throughout the day. However, the bearish pressure over the markets was somewhat negligible, but the WLD bulls have managed to keep up the momentum of the rally. The technicians have been displaying strong directional movement, which …

The SUI price is showing signs of a breakout as cryptocurrency ETP provider 21Shares made a major announcement regarding a SUI ETF. The company’s latest filing with the Securities and Exchange Commission (SEC) for an SUI exchange-traded fund in the United States has pushed the coin’s price high today.

21Shares files for SUI ETF amid US expansion

According to the company’s announcement, this filing is “a first step in expanding exchange-traded access to SUI.” The news comes alongside a newly formed partnership between 21Shares and the Sui blockchain network. Institutional interest is driving the expansion of the Layer-1 protocol’s global reach.

21Shares has formed a partnership with the Sui blockchain network while simultaneously filing for a SUI ETF with the SEC. The Switzerland-based company, headquartered in Zurich, is expanding its focus to the U.S. market after building an extensive suite of digital asset services across Europe.

We’ve filed with the SEC for a SUI ETF in the U.S. — a first step in expanding exchange-traded access to SUI.@SuiNetwork https://t.co/06X49EaiFN

Materials provided herein are intended solely for educational purposes only. These materials should not be construed as… pic.twitter.com/dgFpgybwSZ

— 21Shares US (@21shares_us) May 1, 2025

“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares. The company stated that its decision to pursue Sui products is based on both conviction in the technology and growing investor demand.

The partnership will include product collaborations, research reports, and other initiatives designed to increase accessibility to the Sui ecosystem. Kevin Boon, President at Mysten Labs, the original contributor to Sui, stated that “Sui was designed to become the global coordination layer for digital assets.”

SUI price eyes breakout at key resistance level

The SUI price has shown strong price performance amid the ETF filing news, with an 11% surge in the last 24 hours. This recent jump adds to its 56% gain over the past 30 days and approximately 230% increase over the last year.

Technical analysis from crypto analyst Ted suggests SUI is approaching a critical price point. He mentioned that SUI is approaching a key resistance level. Ted said that the $3.8-$4 zone was rejected last time, and it is now attempting another breakout.

$SUI is approaching a key resistance level.

Last time it got rejected from the $3.8-$4 zone, and it’s attempting another breakout.

If SUI manages to break above $4, it could soon hit a new ATH. pic.twitter.com/cGOVKjTUyC

— Ted (@TedPillows) May 1, 2025

If SUI successfully breaks above the $4 mark, Ted suggests it “could soon hit a new ATH.” The price chart shows an upward trendline that has been supporting the price since late April. CoinGape has also released its price prediction for SUI, which shows a 49% bullish prediction.

The post SUI Price Eyes Breakout As 21Shares Files For Sui ETF appeared first on CoinGape.

Ethereum (ETH) price is on a bullish path today, May 1, after crossing above $1,850 for the first time in more than three weeks. The gains come amid chatter that ETH may have hit a local bottom, with key on-chain metrics supporting this hypothesis.

ETH value today trades at $1,847 with a modest 2.62% gain in 24 hours. The uptrend coincides with a 60% spike in trading volumes, as the market eagerly awaits whether a breakout above the psychological level of $2,000 will happen next.

Has Ethereum (ETH) Price Bottomed as MVRV Z-Score Spark Speculation?

The Ethereum MVRV Z-Score has plummeted to an extremely oversold region, a move that has historically formed a bottom for this altcoin. Looking at past trends, each time the ETH price entered this zone, it was followed by a notable surge in the price.

For instance, in 2023, the MVRV Z-Score reached a local bottom as ETH plummeted to around $1,500. As soon as this metric flashed an oversold signal, a parabolic rally ensued within three months to above $3,800. In 2020, the Ethereum price surged 5x from around $200 to above $1,000 shortly after this indicator also became oversold.

If the above trend repeats, ETH price may have just found its local bottom within the $1,700 to $1,800 range, and it is now poised to make a bullish reversal.

Delta Growth Rate Signals ETH Recovery

At the same time, the Delta Growth Rate, a metric used to measure the ratio of ETH’s market cap against its realized cap has also plunged to bear market territory. Just like the MVRV Z-Score ratio, whenever this metric turns negative, it suggests that the Ethereum bottom is in, and the price eyes an upward trajectory.

Besides on-chain metrics, analyst sentiment also supports a bullish Ethereum price prediction and the argument that ETH has indeed bottomed. Titan of Crypto noted that ETH’s “monthly RSI is back at the same level where the altcoin has historically bottomed. Merlin the Trader also opines,

“In 2020, Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K. Today, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading.”

The combination of these on-chain metrics and analysts’ views supports the argument that the bottom is in, and ETH price may breakout past $2,000 to multi-month highs is possible.

Ethereum Price Analysis as Rally to $3,000 Beckons

As on-chain metrics indicate that the Ethereum price bottom is in, a rally to $3,000 may be on the horizon, and the daily price chart supports the likelihood of this happening in the coming months.

ETH has broken out of a descending parallel channel, indicating that it wants to overcome the downward trend and push higher. A confirmation of this breakout will occur if ETH makes several decisive closes above the upper trendline and overcomes the first resistance level at $2,112.

If Ethereum can flip this first resistance level and also overcome the next hurdle at $2,472, it will be prime for the next run-up towards $3,064.

Technical indicators support this bullish thesis, with the RSI making higher highs as the CMF maintains levels above 50, indicating that sellers are not overpowering buyers despite market-wide uncertainty. However, this bullish thesis will be invalid if the Ethereum price slips below the mid-line of the descending channel.

The post Ethereum (ETH) Price Today: Is ETH Bottom In? appeared first on CoinGape.