The Dutch Blockchain Week 2025 Main Summit

Dutch Blockchain Week 2025 is just around the corner, marking one of Europe’s most anticipated events in the blockchain and Web3 space. Now in its sixth edition, Dutch Blockchain Week has become a must-attend moment on the calendar for global crypto and Web3 experts and enthusiasts alike. While many are drawn to the 20+ high-profile side events—rivaling the scale of Token2049 and hosted by leading exchanges like Bitvavo, Bybit (powered by SATOS), and others—the spotlight of the week is on the Dutch Blockchain Week Summit.

This two-day flagship conference will be held on May 21–22 at De Meervaart in Amsterdam, serving as the central meeting point for partners, policymakers, and key industry players. So, what can you expect from this year’s DBW summit?

A Lineup of Global Speakers from Across the Industry

The Dutch Blockchain Week Summit goes beyond the typical echo chamber seen at conferences. Instead of fixating on one segment of the market, the Dutch Blockchain Week invites speakers from across the industry including regulatory bodies like the EU, tier 1 exchanges, the most renowned funds and more.

Some sneak peak of the speakers:

  • Constantijn van Oranje – Techleap 
  • Sjuul Follings – AltcryptoGems
  • Brian Gahan – Kraken
  • Eoin Kearns – Moonpay 
  • Meyade Curfs – Bybit
  • Mark Jennings – Gemini

With more names to be announced soon, the speaker lineup is becoming one of, if not the  most dynamic and influential in the European blockchain conference list.

The range of expertise extends into the interactive breakout sessions during the summit days. Day 1 from 11:55 to 12:55 and day 2 from 12:20 to 13:20, attendees from every corner of the industry can find value in the breakout sessions. Breakout sessions will happen between keynotes and fireside discussion with the full overview being provided during the event.


Interactive Exhibition Zone

A highlight of the summit is the dedicated exhibition area, giving Dutch Blockchain Week partners the opportunity to connect with attendees in an open, accessible setting at De Meervaart, Amsterdam. The space is designed for discovery, networking, and meaningful conversations—whether you’re looking for new, potential collaborators, or simply want to explore what leaders in the industry are doing. 

Startup Pitch Arena & Dutch Blockchain Awards

New to DBW25, the Startup Pitch Arena gives emerging blockchain startups the opportunity to pitch live on stage in front of leading venture capitalists, ecosystem builders, and media. It’s a unique chance to gain visibility, receive valuable feedback, and connect with the right partners to scale their ideas.

The excitement continues with the return of the Dutch Blockchain Awards, celebrating outstanding contributions across the ecosystem. This year’s award categories include:

  • Best Newcomer Award
  • Best KOL Award
  • Best Fund Award
  • Impactful Person Award
  • Meaningful Education Award
  • BCNL Community Award
  • Best Media Platform
  • Best Exchange / Broker

With both recognition and real opportunities on the line, these two programs are set to be major highlights of the Summit—spotlighting both rising talent and established leaders shaping the future of Web3.

Voting is now open via: link

And Yes, Lunch and Refreshments Are Included!

All Summit attendees will enjoy free lunch and refreshments on both days—because big ideas need fuel. Whether you’re discussing tokenization policy over sandwiches or networking during a coffee break, the shared lunch setup ensures attendees stay energized and engaged throughout the day.

Backed by Industry Leaders

This year’s event is powered by partnerships with industry giants. Bitvavo takes center stage as Main Partner, supported by a powerful lineup including:

  • Bybit (powered by SATOS)
  • OKX
  • Coinbase
  • Kraken
  • Fireblocks
  • Talos
  • VanEck

These partners will not only be present on the Summit floor but are also contributing to side events, speaker sessions, workshops, and activations throughout the week. 


Final Countdown

Whether you’re attending for the keynotes, the networking, the startup exposure, or just to stay at the center of the action—Dutch Blockchain Week 2025 promises to be one of the most comprehensive Web3 experiences in Europe.Tickets are going fast! Only 2 weeks left to buy your ticket for the summit! 

Visit the website to secure your spot at the Summit.

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Cardano Jumps 10%, Profit Supply Spikes as ADA Bulls Regain Control

Cardano’s price has surged 10% over the past 24 hours, riding the wave of a broader crypto market rally to reach a two-month high.

The sharp move upward has pushed ADA to levels last seen in early March and has reignited bullish sentiment among spot and derivatives traders.

Cardano’s 10% Pump Sparks Surge in Profitable Supply

On-chain data from Santiment reveals that Cardano’s double-digit rally has boosted the percentage of its supply in profit. As of this writing, approximately 74.14% of ADA’s circulating supply—equivalent to 26.91 billion tokens—is now held at a profit.

Cardano Percent of Total Supply in Profit
Cardano Percent of Total Supply in Profit. Source: Santiment

When an asset’s profit supply spikes, it means that a significant portion of its circulating supply is now worth more than when it was acquired. Historically, a rise in profit supply correlates with renewed accumulation and often hints at further upward momentum as market sentiment improves.

Moreover, in the ADA derivatives market, the coin’s funding rate remains firmly positive, indicating that traders are increasingly taking long positions in anticipation of continued gains. This is currently at 0.0099%.

ADA Funding Rate
ADA Funding Rate. Source: Coinglass

The funding rate is a recurring payment between traders in perpetual futures contracts, designed to keep the contract price aligned with the spot market. 

When positive like this, traders holding long positions are paying those with shorts, indicating bullish sentiment and expectations of further price increases.

ADA Rally Gains Steam, but Profit-Taking Could Threaten $0.76 Support

With technical indicators flashing bullish and sentiment strengthening, ADA buyers have regained control, at least for now. If buying pressure strengthens and bull dominance remains, ADA could maintain its upward trend and rally to $0.84.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView

However, once buyers’ exhaustion sets in and traders begin to lock in their soaring profits, ADA could break below the support at $0.76 and fall toward $0.66. 

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98% of Tokens on Pump.fun Flagged as Scams, Solidus Labs Report Reveals

A new report from Solidus Labs has revealed that 98.6% of tokens issued on Pump.fun, a popular token creation platform on Solana, are considered scams or involved in fraudulent trading.

Additionally, similar issues have been identified on Raydium, a major decentralized exchange (DEX) on Solana.

Report Reveals Massive Scam Rate on Pump.fun

Solidus Labs, a company specializing in blockchain risk monitoring, released a detailed report on the state of certain platforms on the Solana blockchain. According to the report, Pump.fun has issued over 7 million tokens since its launch in January 2024.

However, only 97,000 of these tokens have maintained a liquidity of at least $1,000, which is less than 1.4% of the total tokens.

Pump & Dump tokens on Pump.fun. Source: Solidus Labs
Pump & Dump tokens on Pump.fun. Source: Solidus Labs

More alarmingly, 98.6% of tokens issued on the platform have been identified as scams or show signs of fraudulent trading. One of the largest scams uncovered by Solidus Labs involved MToken, resulting in losses of up to $1.9 million.

Ethereum co-founder Vitalik Buterin recently criticized platforms like Pump.fun and FTX for promoting speculation and harmful practices.

“good (in different ways): railgun, farcaster, polymarket, signal. bad (in different ways): pump.fun, Terra/Luna, FTX. The differences in what the app does stem from differences in beliefs in developers’ heads about what they are here to accomplish,” shared Buterin

93% of Liquidity Pools on Raydium Show Signs of “Soft Rug Pull”

Beyond Pump.fun, Solidus Labs found that 93% of the 361,000 liquidity pools on Raydium exhibit “soft rug pull characteristics.” This is a form of scam where developers gradually withdraw liquidity, causing losses for investors. Notably, Raydium also recently launched LaunchLab to compete with Pump.fun.

About 25% of these scams involved amounts less than $732. However, the median rug pull involved about $2,832, while the largest detected rug pull totaled $1.9 million.

Though the amounts look relatively small compared to multi-million-dollar scams, the sheer number of affected pools shows the prevalence of this issue.

A common thread between the two platforms is that both are built on the Solana blockchain. Solana is known for its high transaction speeds, processing thousands of transactions per second, and low costs, averaging just $0.00025 per transaction. Because of its technical advantages, Solana has become a prime target for criminals and scammers.

Moreover, Pump.fun, which allows anyone to create a token in minutes without rigorous vetting, has inadvertently become fertile ground for scams.

Despite these challenges, Solana remains a promising blockchain with many legitimate and interesting projects. Platforms like Raydium are vital in Solana’s DeFi ecosystem, with monthly trading volumes reaching billions of dollars.

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Puffverse Launches on Gate.io Launchpad: Unlocking Infinite Possibilities in the GameFi 3D Metaverse

As technology continues to evolve and users seek more immersive entertainment experiences, the GameFi market is seeing exponential growth and is expected to attract a wave of investors and players in the coming years. Amidst this momentum, Puffverse has emerged as a dazzling new force in the GameFi space, thanks to its innovative 3D virtual world concept and strong backing.

Puffverse is more than just a gaming platform. It’s an ambitious bridge aiming to seamlessly connect the Web3 virtual world with the Web2 real world, offering users a Disney-like 3D metaverse filled with endless possibilities.

The development team behind Puffverse is composed of top-tier talent from industry giants such as Alibaba and former Xiaomi teams, with deep technical expertise and rich experience. The project has also earned the support of leading investment institutions including Animoca, Foresight Ventures, Spartan, and HashKey, laying a solid foundation for Puffverse’s steady growth and positioning it as a standout in the GameFi track.

Now launching on Gate.io Launchpad, Puffverse offers participants a valuable opportunity to get early exposure and potentially benefit from its future growth. This article provides a comprehensive analysis of Puffverse’s project highlights, core team, tokenomics, and investment potential—unveiling the mystery behind this promising project.

Puffverse: The Latest Launch on Gate.io Launchpad

Crafted by the software team formerly behind Xiaomi Games, Puffverse is a GameFi project centered around a 3D virtual world. Unlike traditional single-character systems, Puffverse emphasizes the question “Who am I?” by offering a range of characters for players to choose from.

Project Overview

  • Project Name: Puffverse
  • Official Website
  • Sector: GameFi
  • TGE (Token Generation Event): Expected in May 2025

Summary: Puffverse is a 3D metaverse fantasy world reminiscent of Disney. It aims to bridge the virtual world of Web3 with the real world of Web2, offering more than just party games or a cloud gaming platform.

In-Depth Tokenomics

Puffverse’s native token, PFVS, is the core of its entire ecosystem. Below is the key information about the token:

  • Token Name (EN): Puffverse
  • Token Name (CN): N/A
  • Token Symbol: PFVS
  • Total Supply: 1 billion
  • Token Type: Ronin
  • Contract Address: 0xb4562fdefd5ed58f7705ce9386d54ee9b53831d1

Token Allocation & Unlocking Rules

  • Strategic Round: 10% — 5% unlocked at TGE, 6-month cliff, quarterly unlocks over 24 months
  • Private Round: 10% — 10% unlocked at TGE, 6-month cliff, quarterly unlocks over 18 months
  • Advisors: 5.5% — 12-month cliff, monthly unlocks over 24 months
  • Marketing: 13.5% — 20% unlocked at TGE, monthly unlocks over 6/12/18 months
  • Community IGO: 1% — 100% unlocked at TGE
  • Liquidity Reserve: 8% — 50% unlocked at TGE, linear unlock over 12 months
  • Play-to-Earn: 18% — unlocked over 36 months
  • Liquidity Mining: 6% — unlocked over 36 months
  • Ecosystem Growth: 16% — 6-month cliff, monthly unlocks over 24 months
  • Team: 12% — 12-month cliff, monthly unlocks over 24 months

Subscribe Puffverse and Enjoy the Rewarding Benefits of Gate.io Launchpad Debut

As the very first Gate.io Launchpad project, Puffverse (PFVS), is about to launch its commitment round. Users can commit USDT to receive PFVS tokens. Details are as follows:

Subscription Basic Information

  • Project Name: Puffverse
  • Token Symbol: PFVS
  • Commitment Price: 1 PFVS = 0.07 USDT
  • Total Committed Tokens: 10,000,000 PFVS
  • Commitment Method: USDT commitment
  • Maximum Token Limit Per User Can Earn: 10,000 PFVS
  • Commitment Time: From May 13, 2025, 03:00 to May 16, 2025, 12:00 (UTC)
  • Distribution Time: Will be distributed on TGE date.
  • Spot Trading Time: Before the end of May
  • Unlock Method: 100% Unlock

Subscription Rules

  1. 1.Eligibility:
    Users must complete identity verification and meet the minimum investment requirements to participate.
  2. 2.Subscription Method:
    Users can subscribe using USDT, with a minimum subscription of 1 USDT.
  3. 3.Amount to be Obtained:
    The system will fairly distribute tokens based on the proportion of each user’s investment amount.
    Amount of tokens obtained = (Personal investment amount / Total investment amount of all users) * Total subscription amount
  4. 4.Token Distribution:
    Tokens invested during the subscription will be locked and cannot be withdrawn during the subscription period. After the subscription ends, the system will deduct the actual obtained project tokens from the user’s invested funds and refund the remaining funds. If the actual amount of tokens obtained is less than the investment amount, the remaining investment funds will be unlocked after distribution and automatically refunded to the user’s spot account.
    If the actual amount of tokens obtained is less than 0.00000001 tokens, the tokens will not be distributed, and the user’s investment funds will be fully refunded.

Participation Process

Web: Log in to your Gate.io account and complete identity verification → Click “Launch” and select “Launchpad” → Choose the project you want to participate in and click “Commit Now” → Enter the commitment amount and confirm.

APP: Please upgrade to version 6.58.5 or above, log in to your Gate.io account, and complete identity verification → Tap “Earn” and select “Launchpad” → Choose the project you want to participate in and tap “Commit Now” → Enter the commitment amount and confirm.

Core Strengths: Dual Engines of Team and Technology

Team Overview

The Puffverse team is composed of elite professionals from renowned tech companies such as Alibaba and Xiaomi. With solid technical capabilities and extensive industry experience in game development and operations, the team provides robust support for Puffverse’s ongoing innovation and development. Their keen industry insights enable the project to stand out in a competitive market.

Technical Infrastructure

Puffverse is built on advanced blockchain and 3D virtual reality technologies. Its smart contract architecture and decentralized governance system offer users an immersive virtual experience. The project also utilizes state-of-the-art game engines and optimization techniques to ensure smooth gameplay within the metaverse.

Strong Backing: Investors and Strategic Insight

Top-Tier Investment Network

Puffverse boasts an impressive roster of investors, including Animoca, Arcane, Foresight Ventures, Spartan, HashKey, and Sky Mavis. These institutions not only provide financial support but also bring strategic resources and industry expertise, accelerating Puffverse’s rise in the GameFi space.

Investment Value

Puffverse’s investment potential lies in its unique 3D virtual world design and the strength of its technical team. With an innovative tokenomics model and a sustainable governance mechanism, Puffverse effectively motivates community participation and development, making it a project with long-term growth potential in the GameFi industry.

Innovative Design: Dual-Income of Tokenomics Model and Governance Framework

Unique Economic Model

At the heart of Puffverse is the PFVS token, designed to drive ecosystem operations. Beyond serving as a transactional medium and incentive tool, PFVS plays a vital role in ecosystem expansion and governance. Its well-balanced distribution and unlock model support long-term ecosystem sustainability and user engagement.

At the same time, PuffGo does not overlook the Web2 market. The game allows both web2 and web3 players to participate freely and blend in seamlessly. Web2 players can enjoy the game through traditional in-app purchases, filling a market gap in mobile party games. While web3 players can join the league and utilize their NFTs and tokens to engage in skill-to-earn model, enabling gameplay while generating earnings.

Efficient Governance System

Puffverse features a decentralized governance framework powered by smart contracts and community voting. This ensures transparency and efficiency in decision-making, fostering greater user trust and participation.

Conclusion: Puffverse’s Potential and Opportunity

Puffverse has already made a notable impact in the fusion of GameFi and the 3D metaverse, backed by a top-tier team, strong investors, and a forward-thinking token economy. As the TGE approaches in May 2025, the project is set to enter an exciting new phase, bringing users an immersive experience unlike any other.

Gate.io Launchpad offers Puffverse a global stage, inviting users to engage with this innovative project early. For those focused on GameFi and metaverse development, Puffverse is undoubtedly a project worth watching. Seize this opportunity and join Puffverse in opening a new chapter in 3D metaverse gaming, where imagination meets the future of digital entertainment.

Disclaimer: The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.

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Trump Was Allegedly Tricked Into Promoting XRP Amid Ballard-Ripple Ties

Several political reports claim President Trump did not initially intend to put XRP in his Crypto Strategic Reserve. Instead, they suggest that lobbyist Brian Ballard manipulated him into doing so.

Although the President was allegedly furious at these events, this may not change XRP’s position in the Reserve. Ripple’s CEO, Brad Garlinghouse, vocally supports and has made large donations to Trump’s election campaign.

Bombshell Allegations Around Trump and XRP

Before the 2024 elections, President Trump campaigned on establishing a US Bitcoin Reserve, surprising the crypto industry when he included several altcoins in his proposal.

When Trump made a social media post a month into the office, it included SOL, ADA, and XRP in the mix, boosting the notoriety of these assets. Today, Politico made shocking allegations suggesting that this was not his intention.

Specifically, the report alleged that Brian Ballard, a lobbyist who has worked with Trump for years, used underhanded tactics. One of Ballard’s employees repeatedly petitioned Trump to endorse XRP and other altcoins in his post.

Most notably, Ripple Labs is also a Ballard client, which paid the lobbyist $60,000 last year. When the President discovered this, he apparently raged.

Ripple Listed as a Ballard Partners Client. Source: OpenSecrets.

Meanwhile, the US president has now exiled Brian Ballard. The community reacted strongly to these events, suggesting Trump might remove XRP and other altcoins from the Strategic Reserve. However, this may be overstated for a few reasons.

Trump was allegedly angry over being misled, not because he had a specific distaste for XRP. The Reserve announcement occurred shortly before Trump’s Crypto Summit, and David Sacks worried about perceived favoritism. Nonetheless, Ripple has been a good friend to the President.

Brad Garlinghouse, Ripple’s CEO, vocally supports Trump’s crypto policies. He donated millions to the President’s Inauguration and has continued maintaining this relationship.

In other words, why would Trump decide to punish XRP for Ballard’s actions? These allegations are indeed shocking, but the market evidently doesn’t expect turmoil for XRP at this time.

xrp price chart
XRP Monthly Price Chart. Source: BeInCrypto

To be clear, neither Trump, Ballard, nor Ripple employees have responded to these allegations. Regarding XRP’s place in the Reserve, Trump may simply let bygones be bygones.

It’s important to understand that while the US president signed an executive order to ‘assess the establishment’ of a strategic crypto reserve, no developments have been made yet.

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Ethereum Price Analysis: Trump’s UK Trade Deal Sparks $1.8 Billion Demand for ETH, Chainlink and PEPE in 24 Hours

Ethereum News: Whales Accumulate 123k Coins as ETH Reclaims $2,000

Ethereum price surges past $2,000 as Trump’s trade deal and Pectra upgrade ignite bullish momentum across the crypto and global markets.

Ethereum Price Surges Past $2,000 on Trump-Driven Market Optimism

Ethereum price surged above $2,000 on Thursday to hit a 120-day peak, boosted by multiple bullish macro pointers. ETH now trades around $2,000 with a 10% daily gain, outpacing Bitcoin’s 3% rally which saw gains capped just below the $101,000 level at press time.

Ethereum Price action, May 8, 2025  | Coingecko
Ethereum Price action, May 8, 2025  | Coingecko

This divergence in ETH price and BTC performance can be attributed to unique internal dynamics within the Ethereum network updates and Trump’s trade deals igniting optimism across global financial marketrs.

Why is Ethereum Price Outperforming Bitcoin Today?

Ethereum has outperformed Bitcoin in the last 24 hours due to a convergence of two powerful tailwinds.

On the macro front,  Trump announced a landmark trade deal with the UK, boosting global market confidence. He also signaled more trade agreements are underway, while authorities in China also confirmed talks with the Trump administration over ongoing tarrifs.

Simultaneously, the Ethereum network underwent its long-awaited Pectra upgrade, leading to a rare situation where centralized exchanges such as Coinbase and Binance paused ETH withdrawals. This temporary freeze limited retail sell pressure precisely when bullish momentum returned to the market, creating a supply squeeze that pushed ETH ahead of Bitcoin.

The Pectra upgrade success, last week, Vitalik Buterin introduced a comprehensive roadmap aimed at fixing Ethereum’s key limitations within five years. This followed internal leadership changes at the Ethereum Foundation, signaling a renewed push for institutional-grade scalability and decentralization.

The timing of these developments, Pectra’s implementation, bullish macro news, and internal network confidence, has created a unique alignment propelled Ethereum price gains over Bitcoin during the market rally on Thursday.

Ethereum Tokens to Watch as Traders Bet $1.8 Billion on Trump’s Trade Deal and Ethereum Upgrades

Coingecko’s data shows that Ethereum ecosystem tokens attracted over $1.8 billion in trading volume over the last 24 hours, withe aggregate market cap approaching the $55 billion mark.

The standout performers are:

  • PEPE surged 17.0% to $0.00006, propelled by memecoin momentum and a resurgence in whale accumulation patterns.

  • Virtuals Protocol (VIRTUAL) advanced 21.0% to $1.62, buoyed by speculative inflows targeting emerging DeFi infrastructure projects.

  • Chainlink (LINK) climbed 9.4% toward the $15 mark, supported by rising cross-chain transactions, demand for tokenized assets and increased investor attention due to its association with Trump-backed Word Liberty Financial (WLFI).

  • AAVE rallied 10.6% to break above $187, signaling revived institutional appetite for Ethereum-based lending and borrowing protocols.

Beyond market catalysts, US domestic policy took a favorable turn for crypto. In the last 24 hours, Arizona, Oregon, and New Hampshire passed state-level cryptocurrency investment bills, offering legal clarity for retail and institutional investors.

Ethereum price forecast today: What’s Next after $2,000 breakout?

Ethereum price breakout above the psychologically significant $2,000 mark on Thursday signals a decisive shift in market momentum.

The 14.49% daily gain combined with risk volume confirms strong bullish participation, with the candlestick clearly breaching the upper Bollinger Band—a sign of heightened volatility and aggressive buyer control. This move decisively pulls ETH out of its prior consolidation range, where price had been coiling between $1,800 and $1,900 for nearly three weeks.

Ethereum price forecast today
Ethereum price forecast today

Importantly, the Relative Strength Index (RSI) has surged to 73.07, placing Ethereum in technically overbought territory. However, overbought RSI levels during early-stage breakouts often validate strength rather than suggest immediate reversal, particularly when supported by strong volume and fundamental catalysts as obsereved in the past week.

The middle Bollinger Band (near $1,786) now serves as a dynamic support, reinforcing the breakout’s structural integrity.

Ethereum price forecast today remains bullish, provided ETH sustains above $1,990—the upper Bollinger Band.

A weekly close above this level may open the path toward $2,250. On the flip side, any pullback below $1,900 would suggest a failed breakout and invite profit-taking pressure.

The post Ethereum Price Analysis: Trump’s UK Trade Deal Sparks $1.8 Billion Demand for ETH, Chainlink and PEPE in 24 Hours appeared first on CoinGape.

Breaking: Celsius Network Founder Sentenced to 12 Years in Prison for Crypto Fraud

Celsius Network Founder Alex Mashinky Sentenced for Fraud

Alex Mashinsky, the co-founder of defunct crypto lender platform Celsius Network, was sentenced to a 12-year jail term on May 8. This sentence follows a series of legal proceedings that followed his guilty plea last December over his firm’s collapse. Specifically, Alex Mashinky was sentenced for misappropriating customers’ funds and manipulating the CEL token.

Alex Mashinsky Sentence: Another Precedence Set

It is worth noting that the Celsius Network Founder pled guilty to one count of committing commodities fraud and another count of committing securities fraud. The lending platform collapsed in 2022 and filed for bankruptcy shortly after the Terra Luna crash in May 2022.

The fall from that Terra collapse has affected many other entities, including crypto exchange FTX. As reported earlier by CoinGape, the DOJ recommended a 20-year sentence for the crypto pioneer. The 12-year sentence marks a considerable leniency for Alex Mashinky.

This is a breaking news, please check back updates!!!

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XRP Lawsuit: SEC Files Settlement Agreement Letter In Ripple Case

XRP Lawsuit: SEC Files Settlement Agreement Letter In Ripple Case

The US Securities and Exchange Commission (SEC) and Ripple have taken another step in their long-running legal battle as they look to put the XRP lawsuit to bed. This time, the Commission has filed a settlement letter, asking Judge Analisa Torres to set aside her judgment against the crypto firm.

XRP Lawsuit: SEC Asks Judge Torres To Adopt Settlement Agreement

In a court filing, the SEC requested an indicative ruling from Judge Torres pursuant to its settlement agreement with Ripple. As part of the ruling, the Commission asked that the Court dissolve the injunction it awarded against Ripple in the final judgment in the XRP lawsuit.

The agency also asked that Judge Torres order the release of the $125 million penalty ordered against Ripple from escrow. The SEC would receive $50 million in satisfaction of the monetary judgment, while Ripple would receive the remaining sum.

As CoinGape reported, the Appeal Court had earlier granted the SEC and Ripple’s joint motion to suspend proceedings in the appeal case, while they seek this indicative ruling from Judge Torres in order to finalize the settlement agreement.

Once Judge Torres agrees to grant the demands as requested, both parties will then ask the Court of Appeals for a limited remand for the purpose of seeking these reliefs from the District Court.

Upon a grant of this limited remand, the SEC and Ripple will then move to file motions and other necessary documents in the District Court which are necessary to request that the court grants the relief. Once the District Court enters these orders, both the SEC and Ripple will file to dismiss their appeal and cross-appeal, respectively, in the XRP lawsuit.

The post XRP Lawsuit: SEC Files Settlement Agreement Letter In Ripple Case appeared first on CoinGape.

Shiba Inu Inflows Jump 2,952%, Is Bull Run Ahead?

Shiba Inu Inflows Jump 2,952%, Is Bull Run Ahead?

Shiba Inu inflows have surged sharply, with data showing a 2,952% increase in large holder inflows. According to IntoTheBlock, inflows rose from 238.91 billion SHIB to 6.42 trillion SHIB on May 7. This indicates a sudden rise in buying activity from addresses classified as large holders.

Surge in Shiba Inu inflows Hints at Rally

According to the IntoTheBlock platform, whale addresses saw a major spike in inflows. These addresses typically represent institutional or high-net-worth investors. The increase in Shiba inu inflows entering these wallets often signals large-scale accumulation.

On May 8, the large holder netflow also rose from 132.54 billion SHIB to 6.21 trillion SHIB which is an increase of over 6,050%. Shiba inu inflows measure the difference between tokens entering and exiting whale wallets with a positive netflow suggesting whales are increasing their holdings.

This Shiba inu inflows shift follows a period of low activity during early May. Analysts often monitor these changes because whales usually accumulate after price pullbacks. They often transfer their purchases to cold storage, which reflects longer-term confidence.

Shiba Inu Price Action and Technical Levels

After staying near the daily Simple Moving Average (SMA) 50 for several days, the SHIB price has moved upward amid the increasing Shiba inu inflows. The price rose from $0.00001274 to an intraday high of $0.00001408 on May 8. As of the latest update, the SHIB price was trading around $0.00001400, an 11% surge from the intra-day high.

This increase came as the broader cryptocurrency market gained strength. Bitcoin price approached the $102,000 mark, leading to renewed interest across many assets. SHIB’s move has placed attention on its resistance near $0.000015.

SHIB/USD (Source: TradingView)
SHIB/USD (Source: TradingView)

Traders are also watching the SMA 200 at $0.00001265. If the price maintains above the SMA 50 and breaks past resistance, another upward move is possible. The SMA 50 may act as support in the short term if momentum holds.

Derivatives Market and Short-Term Trader Activity

Open interest in SHIB derivatives rose 20.72% to $182.67 million. Trading volume also increased by 81.79% to $167.61 million. These figures suggest growing participation from traders betting on price movements.

Source: IntoTheBlock
Source: IntoTheBlock

The number of short-term traders, those holding less than 30 days, increased by 6.66%. This could suggest renewed interest from new or active traders. Analysts often track these trends to anticipate volatility and potential price swings.

Traders entering during low volatility phases may push prices higher if momentum continues. If SHIB price maintains current levels, short-term traders may influence future rallies.

Community Activity and SHIB Burn Rate

Shibburn reported that over 15.8 million SHIB tokens were destroyed in the past 24 hours. This represented a 4,833.98% rise in the burn rate. Most of this was from a single transfer of 15.29 million tokens.

Token burning reduces the circulating supply. The SHIB team continues to promote its burn initiatives through the Shibarium layer-2 network. On Shibarium, each transaction uses BONE, and part of the fee is converted to SHIB and burned.

The Shiba Inu team shared that 30% of the gas fees are used to buy SHIB and send it to burn addresses. The circulating supply currently stands at over 589 trillion tokens. Burning remains a core strategy to manage token supply.

Market Sentiment and Community Statements

The Shiba Inu marketing lead Lucie, made a public statement about a possible 1,000% increase in three days. She clarified that this was a personal affirmation and not a forecast. “I told my boss, and my cat,” Lucie wrote, jokingly, on social media.

Though such a sharp increase seems unlikely in such a short time, the community responded with enthusiasm. The price would need to hit $0.000144628 for this claim to come true. At press time, SHIB remains below that level.

The community sentiment has grown more positive due to price increases and network activity. With higher whale interest, token burns, and rising open interest, SHIB is gaining more attention across the crypto market.

The post Shiba Inu Inflows Jump 2,952%, Is Bull Run Ahead? appeared first on CoinGape.

Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market

Coinbase Deribit Acquisition Talks What This Deal Means for Crypto Trading

The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News

  • The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock.
  • The acquisition is subject to regulatory approval and is expected to close by the end of this year.

Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that it has agreed to acquire Deribit, a top-tier derivatives exchange. According to the announcement, Coinbase is acquiring Deribit for $2.9 billion, which will include $700 million in cash and 11 million in shares.

Meanwhile, Coinbase announced that the deal is subject to regulatory approval and other customary closing conditions. As a result, Coinbase expects the deal to be closed by the end of this year.

“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market,” Luuk Strijers, CEO at Deribit, noted.

Coinbase Forges a Brighter Future for the Crypto Industry 

Once finalized, Coinbase will become a major player in crypto derivatives in regards to open interest (OI) and options volume. Furthermore, Deribit currently has more than $30 billion in OI and recorded over $1 trillion in trading volume in 2024.

With Coinbase available in more than 100 jurisdictions globally, more crypto traders can now seamlessly access the derivatives market in a regulated manner. Most importantly, more institutional investors from around the world can access the Bitcoin and altcoins OI market through their respective Coinbase accounts.

Consequently, Coinbase will significantly diversify its revenue streams amid heightened competition from other crypto exchanges including Binance and Bybit. Following the announcement, Coinbase shares COIN surged 6 percent on the day to trade about $208 on Thursday, May 8 during the mid North American trading session.

The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock. The acquisition is subject to regulatory approval and is expected to close by the end of this year. Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that …