Author: Monicah W

Airdrop activity continues to heat up, with three newly launched tokens—SXT, RIZE, and DOOD—drawing investor attention in the fourth week of May. Space and Time launched its SXT token with an airdrop as a part of the new Chainlink rewards program.

Meanwhile, RIZE powers the Rizenet ecosystem, which is focused on tokenization and decentralized AI. DOOD, the native token of the Doodles NFT collection, joins the wave of NFT projects following the footsteps of APE and PENGU.

Space and Time (SXT)

The latest Space and Time (SXT) airdrop launched on May 8, 2025, as part of its official token generation event (TGE). The airdrop is integrated with Binance Launchpool and Chainlink’s new Rewards program.

The project is distributing 200 million SXT tokens into two batches, representing 4% of the total supply. Eligible users include participants in the Chainlink ecosystem, including LINK stakers, users who engaged in Space and Time’s testnet, and held Community NFTs.

Also, the SXT airdrop claim will be live until June 22.

SXT has been down since its airdrop, and if the correction continues, it could soon start trading below $0.10.

It needs a strong buying pressure to return to levels around $0.126, and if that one is broken, it could rise back to test the resistance around $0.163.

RIZE

RIZE is the native utility token of Rizenet, a decentralized platform for tokenizing real-world assets (RWAs), decentralized AI (DeAI), and DeFi.

The $RIZE token has multiple uses. It pays for tokenization services, grants access to tokenized assets, enables governance through token locking, and rewards contributions to decentralized AI models. RIZE is currently live on Kraken and Aerodrome.

From a technical standpoint, the RIZE token is at a critical point. If it manages to break through the resistance level at $0.064, bullish momentum could drive the price back toward the $0.10 region.

However, failure to maintain its current support at $0.0485 may trigger a downside move, with potential losses extending below the $0.040 mark.

Doodles

Doodles is a well-known NFT collection that originally gained popularity for its colorful, hand-drawn characters and strong community engagement.

It recently launched its own token, DOOD, marking its entry into the growing trend of NFT-native tokens—a path first carved out by Bored Ape Yacht Club with APE and later followed by Pudgy Penguins with the PENGU token in 2024.

Despite the initial excitement surrounding the DOOD airdrop, the token has struggled to maintain upward momentum, falling 35% over the last five days.

The price now faces a key resistance at $0.0052—breaking above this level would be necessary to signal a potential recovery and open the door for a move toward $0.00735.

However, continued bearish pressure could push DOOD below the $0.0040 support, marking new lows and further eroding market confidence.

The post 3 Latest Airdrop Tokens to Watch for the Fourth Week of May appeared first on BeInCrypto.

Bitcoin (BTC) is facing a mix of bullish signals and short-term uncertainty. Moody’s recent downgrade of the US credit rating has heightened long-term bullish sentiment around BTC, reinforcing its role as a hedge against rising debt and fiscal uncertainty.

Meanwhile, on-chain data shows a declining supply of Bitcoin on exchanges, suggesting investors are leaning toward holding rather than selling. Despite these bullish fundamentals, BTC remains in a short-term consolidation phase, with price action needing fresh momentum to break higher.

Moody’s Downgrade Ends US Century-Long Perfect Credit Rating Streak

Moody’s has downgraded the US credit rating from Aaa to Aa1, removing the country’s last perfect score among major credit agencies.

It’s the first time in over a century that the US lacks a top-tier rating from all three, following downgrades by S&P in 2011 and Fitch in 2023. Rising deficits, mounting interest costs, and the absence of credible fiscal reforms drove the decision.

Markets reacted quickly—Treasury yields climbed, and equity futures slipped. The White House dismissed the downgrade as politically driven, with lawmakers still negotiating a $3.8 trillion tax and spending package.

Moody’s also warned that extending Trump-era tax cuts could deepen deficits, pushing them toward 9% of GDP by 2035—a scenario that may strengthen the appeal of crypto, especially Bitcoin, as a hedge against long-term fiscal instability.

Bitcoin Consolidates: Falling Exchange Supply Meets Ichimoku Indecision

After briefly rising from 1.42 million to 1.43 million between May 2 and May 7, Bitcoin’s supply on exchanges is falling once again.

This short uptick followed a more significant decline between April 17 and May 2, when the exchange supply dropped from 1.47 million to 1.42 million. Now, the metric has resumed its downward trend, currently sitting at 1.41 million BTC.

The supply of Bitcoin on exchanges is a key market indicator. When more BTC is held on exchanges, it often signals potential selling pressure, which can be bearish.

Conversely, a decline in exchange balances suggests holders are moving their coins to cold storage, reducing near-term sell pressure—a bullish signal. The current drop reinforces the idea that investors may be preparing to hold rather than sell.

The Ichimoku Cloud chart for Bitcoin shows a period of consolidation with neutral-to-slightly-bearish signals. The price is currently sitting right around the flat Kijun-sen (red line), indicating a lack of strong momentum in either direction.

The Tenkan-sen (blue line) is also flat and closely tracking the price, reinforcing this sideways movement and short-term indecision.

The Senkou Span A and B lines (which form the green cloud) are also relatively flat, suggesting equilibrium in the market. The price is moving near the top edge of the cloud, which typically acts as support. However, since the cloud is not expanding and has a flat structure, there is no strong trend confirmation at the moment.

The Chikou Span (green lagging line) is slightly above the price candles, hinting at mild bullish bias, but overall, the chart signals indecision and the need for a breakout to confirm the next direction.

Moody’s Downgrade Strengthens Bitcoin’s Long-Term Bull Case Amid Short-Term Consolidation

The U.S. losing its last perfect credit rating after Moody’s downgrade could be a major long-term catalyst for Bitcoin.

While it may not trigger immediate price action, the downgrade reinforces the narrative of growing fiscal instability and debt concerns—conditions that strengthen Bitcoin’s appeal as a decentralized, hard-capped asset.

In the medium to long term, more investors may turn to BTC as a hedge against sovereign risk and weakening trust in traditional financial systems.

In the short term, however, Bitcoin price remains in a consolidation phase after breaking above $100,000. Its EMA lines are still bullish, with shorter-term averages above longer-term ones, but they are flattening out.

For bullish momentum to resume, BTC would need to push past the $105,755 resistance.

On the downside, holding above the $100,694 support is crucial—losing it could open the door for declines toward $98,002 and potentially $93,422.

The post US Loses Perfect Credit Rating – How Will It Impact Bitcoin Price?  appeared first on BeInCrypto.

Airdrop activity continues to heat up, with three newly launched tokens—SXT, RIZE, and DOOD—drawing investor attention in the fourth week of May. Space and Time launched its SXT token with an airdrop as a part of the new Chainlink rewards program.

Meanwhile, RIZE powers the Rizenet ecosystem, which is focused on tokenization and decentralized AI. DOOD, the native token of the Doodles NFT collection, joins the wave of NFT projects following the footsteps of APE and PENGU.

Space and Time (SXT)

The latest Space and Time (SXT) airdrop launched on May 8, 2025, as part of its official token generation event (TGE). The airdrop is integrated with Binance Launchpool and Chainlink’s new Rewards program.

The project is distributing 200 million SXT tokens into two batches, representing 4% of the total supply. Eligible users include participants in the Chainlink ecosystem, including LINK stakers, users who engaged in Space and Time’s testnet, and held Community NFTs.

Also, the SXT airdrop claim will be live until June 22.

SXT has been down since its airdrop, and if the correction continues, it could soon start trading below $0.10.

It needs a strong buying pressure to return to levels around $0.126, and if that one is broken, it could rise back to test the resistance around $0.163.

RIZE

RIZE is the native utility token of Rizenet, a decentralized platform for tokenizing real-world assets (RWAs), decentralized AI (DeAI), and DeFi.

The $RIZE token has multiple uses. It pays for tokenization services, grants access to tokenized assets, enables governance through token locking, and rewards contributions to decentralized AI models. RIZE is currently live on Kraken and Aerodrome.

From a technical standpoint, the RIZE token is at a critical point. If it manages to break through the resistance level at $0.064, bullish momentum could drive the price back toward the $0.10 region.

However, failure to maintain its current support at $0.0485 may trigger a downside move, with potential losses extending below the $0.040 mark.

Doodles

Doodles is a well-known NFT collection that originally gained popularity for its colorful, hand-drawn characters and strong community engagement.

It recently launched its own token, DOOD, marking its entry into the growing trend of NFT-native tokens—a path first carved out by Bored Ape Yacht Club with APE and later followed by Pudgy Penguins with the PENGU token in 2024.

Despite the initial excitement surrounding the DOOD airdrop, the token has struggled to maintain upward momentum, falling 35% over the last five days.

The price now faces a key resistance at $0.0052—breaking above this level would be necessary to signal a potential recovery and open the door for a move toward $0.00735.

However, continued bearish pressure could push DOOD below the $0.0040 support, marking new lows and further eroding market confidence.

The post 3 Latest Airdrop Tokens to Watch for the Fourth Week of May appeared first on BeInCrypto.

Cardano founder Charles Hoskinson is preparing to take legal steps against individuals alleging that he manipulated the blockchain to take control of 318 million ADA tokens.

The accusations, which recently emerged on the social media platform X, suggest he used his Genesis keys in 2021 to seize funds belonging to early investors.

Cardano’s Hoskinson Accused of Secretly Altering Blockchain to Control ADA Funds

Last week, NFT artist Masato Alexander claimed that during the Cardano “Allegra” hard fork, the network overwrote certain unspent token allocations from the original token sale. It then rerouted those tokens to Cardano’s reserves.

“In 2021, the Cardano ‘Allegra’ Hard Fork (HF) wasn’t just a routine upgrade. It contained an extra payload. This HF effectively ERASED the original ICO UTxOs holding the ₳318M and swept the funds into the Cardano reserves,” Alexander wrote.

Alexander claimed that although they intended to reissue the funds to their rightful owners, they allegedly withheld a large portion.

He further claimed that only a small percentage of the tokens funded Intersect, a Cardano governance initiative. Most of the tokens, he alleged, were staked to generate an estimated 25 million ADA in additional rewards.

“Only a tiny fraction went to Intersect… Where did the VAST majority of that ₳318 MILLION actually go after being moved from reserves? Separately, the funds were staked, earning 25m additional,” Alexander alleged.

In addition, Alexander criticized the lack of clear documentation on the fund’s path, suggesting there is no verifiable audit trail.

Ironically, Charles recently emphasized needing community input for scaling solutions, citing the importance of governance.

Yet, when ₳318M was at stake, he acted unilaterally via genesis keys to alter the ledger and control these funds.

Interesting. pic.twitter.com/7aeInvGWok

— masato_alexander (@masatoalexander) May 7, 2025

However, Hoskinson has strongly rejected the allegations. In a response posted to X, he described the claims as “lies” and clarified that the ADA vouchers became unspendable following the Allegra hard fork.

The Cardano founder explained that these assets were transferred to a custodial account managed by the Token Generation Event (TGE). This account continued processing redemptions for three years.

“The Ada vouchers became unspendable after the hard fork. They were rolled into a custodial account controlled by the TGE that then continued redemption for 3 more years to distribute the genesis funds to the original buyers,” he said.

Hoskinson stated that original buyers eventually claimed 99.8% of the ADA sold during the ICO. He added that the team allocated only 0.2% of the tokens to fund Intersect.

“After seven years, the remaining 0.2 percent were returned to the TGE and donated to Intersect through the same process that funded the Cardano Foundation,” he added.

While the Cardano team has not released a full public report, Hoskinson noted that the redemption process is still ongoing.

He warned that he will sue Alexander and others who repeat the claims if they keep alleging that Input Output Global stole funds.

“As we are now considering litigation against those slandering us, we will make no further statements until the closing report is published. We will then send letters to the relevant parties demanding retractions and apologies,” the Cardano founder concluded.

The post Cardano Founder Threatens Lawsuit Over 318 Million ADA Seizure Claims appeared first on BeInCrypto.

Crypto trading, often associated with substantial volatility and risks, has created a new class of millionaires and billionaires who have made their fortune through strategic investments. While their success stories dominate headlines, the ways these individuals deploy their digital fortunes reveal a spectrum of ambition, extravagance, and eccentricity.

From extravagant art purchases that defy logic to massive investments in cars and real estate, these individuals are redefining what it means to spend big. Here’s a look at some of the ways crypto millionaires have splashed their digital cash.

Justin Sun

TRON founder Justin Sun has grabbed global attention multiple times for his high-profile acquisitions. In November 2024, Sun spent $6.2 million on a banana. 

Well, specifically, a banana duct-taped to a wall. He acquired the artwork, titled ‘Comedian’ by Italian artist Maurizio Cattelan, at a Sotheby’s auction in New York.

Originally purchased for 35 cents from Shah Alam, a 74-year-old Bangladeshi immigrant working near Sotheby’s, the banana’s value surged through Cattelan’s conceptual art.

Sun, whose net worth is $8.5 billion according to Forbes, didn’t just buy the piece for show. He later ate the banana during a press conference in Hong Kong.

“Many friends have asked me about the taste of the banana. To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one,” Sun wrote on X.

Moreover, in March 2021, he purchased a Beeple non-fungible token (NFT) for $6 million. Later that year, in November 2021, Sun bought the Alberto Giacometti sculpture Le Nez at Sotheby’s for $78 million.

However, this acquisition became embroiled in a heated legal dispute. In February 2025, Sun sued media mogul David Geffen, alleging his former employee stole and sold the sculpture to Geffen for $65.5 million without his consent. Meanwhile, in April 2025, Geffen’s countersuit labeled Sun’s claims a “sham” tied to crypto market woes.

Sun’s spending extends beyond art. In December 2021, he outbid competitors by paying $28 million for a seat on Blue Origin’s first spaceflight, owned by Jeff Bezos. Despite winning the bid, which benefited space-related charities, scheduling conflicts prevented Sun from participating in the launch.

Carl Runefelt (Carl Moon)

Carl Runefelt, widely recognized by his online alias Carl Moon, is a Swedish crypto investor and social media influencer. He rose from being a supermarket cashier to a multi-millionaire crypto influencer in Dubai.

Runefelt publicly documents his millionaire crypto lifestyle, sharing it with his 1.5 million followers on X, around 245,000 followers on Instagram, and 360,000 subscribers on YouTube. His social media presence is dominated by displays of luxury, including hypercars, private jets, and high-end watches, making him a poster boy for the “crypto bro” lifestyle. 

Among his notable acquisitions is a Bugatti Veyron, which he reportedly purchased for $2 million.

“I quit my supermarket job as a cashier back In November 2018. Now, 3 years later I’m driving a Bugatti Veyron in Dubai. What’s the next car I should buy?” Runefelt wrote in a 2022 post on Instagram.

In January 2024, Runefelt added a $300,000 G-Wagon to his car collection. In September that year, he splurged $800,000 on a Ferrari. Moreover, in February 2025, he expanded his car investments with four more Ferraris worth $4 million.

Runefelt also owns a custom $1 million Jacob & Co. watch and a $140,000 Patek Philippe Nautilus, among other expensive acquisitions. These purchases reflect his affluent lifestyle, fueled by his cryptocurrency success, and form part of his strategy to inspire followers through visible wealth.

Ed Craven

Ed Craven is an Australian billionaire and co-founder of Stake.com, a cryptocurrency-based online casino, and Kick, a live-streaming platform. He has a net worth of $2.4 billion, mainly from Stake’s success. 

The platform, launched in 2017 with Bijan Tehrani, is now one of the world’s largest offshore crypto casinos. Notably, in 2025, Craven appeared on Forbes’ list of the youngest billionaires. He is one of only two self-made billionaires under 30.

Craven has used his cryptocurrency wealth for lavish yet smart purchases. He owns one of Australia’s most expensive homes on St George’s Road, Toorak, which he purchased for $80 million. He also bought a $38.5 million property on Orrong Road and owns multimillion-dollar homes in Southbank and Mount Macedon.

Craven’s spending also extends to sports. He committed $100 million to rename the Alfa Romeo Formula One team as the “Stake F1 Team Kick Sauber.”

While real estate dominates his portfolio, his sports investments highlight a strategic use of wealth to elevate personal and corporate prestige, aligning with his entrepreneurial vision.

The post Bananas, Bugattis, and Lavish Mansions: How Crypto Millionaires Spend Their Fortunes appeared first on BeInCrypto.