Author: Monicah W

KULR Tech Group is making significant strides in the web3 space. On May 1, it was included in the newly-launched Grayscale Bitcoin Adopters ETF. The new ETF offers investors direct exposure to companies adopting Bitcoin as a treasury company.

Last year on December 4, 2024, the space, aerospace, and defense focused company commited up to 90% of its surplus cash reserves to be held in bitcoin. To date, KULR has acquired 668 BTC.

This decision marked a significant shift in KULR’s financial strategy – positioning Bitcoin as a primary asset in its treasury program.

Now, in its another significant move in web3, it has announced a new blockchain-based supply chain initiative.

KULR Launches Own Blockchain

In an official press release and company tweet, KULR revealed that it will move product tracking and custody verification from centralized software to a distributed ledger. This will help the company in recording each inventory item as a tamper-proof, timestamped entry on a private blockchain.

The company notes that “decentralizing the inventory tracking system on a blockchain offers enhanced transparency, security, and real-time visibility across the entire supply chain”.

The US-listed company has also revealed that one of the first product lines to be logged will be KULR’s NASA WI-37A–certified lithium-ion batteries.

Now, these batteries with space and aerospace applications will be permanently stored on-chain so that future users can verify performance and compliance.

Today, we are announcing the launch of a blockchain-secured supply chain initiative to safeguard our product-related data.

Decentralizing our inventory tracking system on blockchain offers enhanced transparency, security, and real-time visibility across the entire supply chain.… pic.twitter.com/HkhnCoqmhX

— KULR Technology (@KULRTech) May 1, 2025

New Blockchain Built on Coinbase’s Base

KULR has built its own private rollup on Coinbase’s Base Layer-2 (L2) blockchain – an Ethereum-powered network – to host this supply chain ledger.

This choice leverages a public blockchain infrastructure (Coinbase Base) for security and scalability. It will still keep the network permissioned under KULR’s control.

Under the new system, the company will represent each battery or part as a non-fungible token (NFT) on the blockchain.

Each token’s metadata – including test results, manufacturing details and certification data – will be recorded immutably.

When a customer purchases a battery, its NFT can be transferred to the buyer’s on-chain wallet or sent to a company “burn” wallet to signal the transfer of ownership.

For bulk orders, KULR will set up dedicated customer wallets to batch-transfer many NFTs at once.

Internally, the company has built a custom user interface linked to encrypted KULR-owned wallets. This dashboard would let staff monitor inventory and token transfers in real time.

Market and Investor Impact

The market reaction to the company’s blockchain announcement has been cautiously positive.

On Friday, one day after the blockchain and Grayscale ETF inclusion, KULR closed at $1.33 USD on May 2. This marks a 4.72% increase from the previous day’s close of $1.27.

Company has also hinted at more initiatives towards blockchain and Bitcoin adoption.

On the inclusion in Grayscale Bitcoin Adopters ETF, Kurl CEO has said, “Honored to be included in Grayscale’s Bitcoin Adopters ETF. Appreciate the recognition as we continue building KULR Tech into a category-defining company at the intersection of space, defense, AI, and Bitcoin.”

Thus, with more near-term crypto plans in line, KULR is likely to draw attention from both energy-sector investors and digital-asset enthusiasts.

Also Read: Bitcoin Price to $1M Prediction

The post KULR, Now in Grayscale Bitcoin ETF, Launches Blockchain for Secure Supply Chain appeared first on CoinGape.

Governor Katie Hobbs has vetoed a bill that aimed to let Arizona invest retirement funds in crypto assets like Bitcoin. The Senate Bill 1025 proposed adding virtual currency to the portfolio of the Arizona State Retirement System.

Hobbs rejected the policy earlier today, saying it puts “untested assets” into a program known for stable results.

In a letter to Senate President Warren Petersen, Hobbs said the state’s retirement system is one of the strongest in the country. She argued that crypto remains too risky and that retirement funds should not be used to test new markets.

Bitcoin Reserve Blocked as Governor Weighs Investment Risks

Senate Bill 1025 was one of the first efforts in the US to bring digital assets into public pension programs. Lawmakers in Arizona framed the bill as a forward-looking step, and they believed crypto could help diversify investment returns.

However, Governor Hobbs disagreed. She said the fund’s current strength comes from careful planning and tested investments. And so her decision now blocks any crypto exposure in the state’s pension accounts.

Public Investment Continues to Remain Out of Crypto’s Reach

Supporters of the bill have been arguing that adding Bitcoin and other digital assets could future-proof public funds. However, the opponents opine that the bill lacked proper risk models and oversight. The veto gives momentum to the cautious approach adopted by several state governments to manage public funds.

The bill would have led Arizona in public adoption of crypto assets, but that path now seems uncertain. Crypto assets will stay out of state-backed retirement portfolios unless lawmakers revise the proposal or rally enough votes to override the veto.

Arizona’s Crypto Bill Had Earlier Gained National Attention

Just days before the veto, Arizona lawmakers passed two bills that would have allowed the state to invest up to 10 percent of public funds in Bitcoin. Senate Bill 1025 and its counterpart, SB1373, passed both chambers and placed Arizona ahead of other states weighing similar moves. 

Some supporters saw the bill as a strategic way to hedge public funds against inflation. The veto now closes the door on what could have been the first state-level Bitcoin reserve in the country.

The pending bill, SB1373, would allow the state to reserve up to 10% of Arizona’s rainy-day funds in digital assets like Bitcoin. This bill is yet to reach a final vote. Several other US states like Oklahoma, Montana, South Dakota and Wyoming have also been pursuing similar efforts, but to no avail as yet.

The post Blow to Bitcoin? Arizona Governor Vetoes Pioneering US Crypto Reserve Bill appeared first on CoinGape.

The post Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any! appeared first on Coinpedia Fintech News

Coinbase, one of the most trusted and regulated crypto exchanges in the world, has announced it will suspend trading for five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ).

The trading halt will officially begin on May 16, 2025, at around 2 PM ET across all Coinbase platforms, Coinbase.com, Coinbase Exchange, and Coinbase Prime.

Why These Tokens Are Being Delisted

According to Coinbase, this decision isn’t about poor performance or security issues. Instead, it has to do with token versions. Each of these projects, GAL, LIT, DAR, ORN, and PRQ, has released new versions of their tokens.

That means the original versions listed on Coinbase are now considered outdated and no longer meet the platform’s listing standards. 

Coinbase cares a lot about keeping things safe, reliable, and clear for its users. When tokens go through major upgrades or migrate to new contracts, the old ones can cause problems or stop working well. That’s why Coinbase is removing these older tokens from trading.

Trading Already in Limit-Only Mode

To ease the transition, Coinbase has already moved all five token pairs to limit-only mode. This means users can still place or cancel limit orders, and trades may happen, but no market orders or advanced trading types are currently supported. 

It’s a heads-up to the community, get your affairs in order before full suspension takes effect.

What Happens to Users Holding These Tokens?

If you hold any of these tokens on Coinbase, it’s time to act. You might want to withdraw your holdings or convert them before May 16. After the suspension, your ability to trade them will be gone, at least on Coinbase.

The post Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any! appeared first on Coinpedia Fintech News
Coinbase, one of the most trusted and regulated crypto exchanges in the world, has announced it will suspend trading for five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). The trading halt will officially begin on May 16, 2025, at around 2 PM ET across all Coinbase …

The post Justin Sun’s TRON Upgrade Sends TRX Price Soaring Despite Twitter Hack appeared first on Coinpedia Fintech News

One announcement can change a lot in crypto. 

On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it to steal user funds.

TRON’s Major Update Sends TRX Price Skyrocketing

Sun’s announcement about the TRON upgrade led to an immediate market reaction. Within the first hour, TRX saw a 7.2% price increase, rising from $0.122 to $0.130. Trading volumes surged by 43%, with 1.2 billion TRX traded across major exchanges like Binance, OKX, and KuCoin. 

On top of this, on-chain data from TronScan showed a 15% jump in transaction volume, with over 5.8 million transactions processed on the TRON network by 1:00 PM UTC. These numbers highlight the strong market interest and growing adoption of TRON’s latest improvements.

Hack of TRON DAO Twitter 

While TRON’s upgrade grabbed the spotlight, a more troubling issue emerged: the TRON DAO’s official Twitter account was hacked. The hackers used the account to promote a scam, attempting to steal funds from unsuspecting users.

In response, Justin Sun acted quickly, reaching out to crypto exchange OKX and urging them to freeze any assets linked to the scam. He emphasized the need for swift action to prevent further exploitation. 

“We trust that OKX will act swiftly and responsibly, ensuring that its platform does not become a safe haven for scam proceeds,” Sun said in his post on X

Law Enforcement Involved in the Investigation

Justin Sun didn’t stop at contacting OKX. He also involved law enforcement, sharing critical details to help trace and recover the stolen funds. Sun directly addressed the scammers, urging them to return the stolen assets:

“To the scammers involved: we strongly urge you to return the stolen funds immediately. We commit to redistributing all recovered funds back to the community. There is still a chance to do the right thing,” he said.

The funds have been traced to a specific wallet address, and two transaction hashes were shared to aid the investigation.

Can TRON Overcome the Challenges?

TRON now faces the dual challenge of advancing its technology while managing the fallout from this hack. The upgrade brought a positive market response, but the breach highlights the ongoing security risks in the crypto space.

Sun’s leadership will likely be under the microscope as the situation unfolds. However, TRON’s quick response to the hack shows a commitment to protecting its users. 

The balance between innovation and security will be crucial for TRON’s future.

The post Justin Sun’s TRON Upgrade Sends TRX Price Soaring Despite Twitter Hack appeared first on Coinpedia Fintech News
One announcement can change a lot in crypto.  On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it …

Crypto market in Q1 2025:- Cypto market this week has witnessed unprecedented bullish momentum. Bitcoin Price has surpassed $96,000 – registering 2.7% weekly gain.

This was followed by the 1.25% gain in Ethereum – currently trading at $1,836.

This all seems to auguring well for the Q2 2025 of crypto market. However, in Q1 2025, the total market cap of crypto market fell by 18.6% according to the latest report of Coingecko.

This comes despite the fact that Q1 of crypto market was marked by major pro-crypto political actions and subsequent market reactions.

This includes:
1. The US President Donald Trump was inaugurated on January 20, 2025.
2. 24-hour DEX Volume on Solana exceeded $3.8 Billion – surpassing the trading volume of Ethereum and Base combined
3. Uniswap’s Layer-2 Unichain went live
4. SEC Droppef its lawsuit against XRP
5. Trump signed executive order to set up Strategic Bitcoin Reserve, among other major moves

Also Read: Bitcoin Eyeing $100k!

Bitcoin and Ethereum Lead the Crypto Market Decline

The Coingecko report reveals that total market cap of crypto market reached its high on two days before Trump’s Inauguration Day – at $3.8 trillion on January 18 – only to end at $2.8 trillion by Q1.

This fell was lead by Ethereum which saw drastic fall of 45.3%. Completely erasing its gains from 2024, it fall from $3,336 to $1,805.

Bitcoin followed this decline at -11.8% . Though it reached all-time high at $106,182 on Jan 22, it ended Q1 at $82,514.

Among these, the report highlights that Gold emerged as the strongest asset class in Q1 2025 – with 18% gain. This comes as many analysts like Peter Schioff consider Gold and not Bitocin as hedge against inflation.

Despite Bitcoin’s higher returns, gold’s consistent performance and lower volatility make it an attractive option for risk-averse investors seeking capital preservation.

$LIBRA Scandal Caused the Decline in Meme Tokens Activity by 56%

One of the first direct crypto bet that US Prez Donald Trump and his wife Melania Turmp made were the memecoins.

On January 17, Donald Trump launched his $TRUMP meme coin as a “digital collectible” on the Solana blockchain.

The initial coin offering (ICO) released 200 million tokens to the public, while 800 million remained under Trump-affiliated entities. The token’s value surged rapidly, reaching a market capitalization of over $14 billion within 24 hours.

 Just two days later, Melania Trump also launched her own token, $MELANIA, on the Solana blockchain. Promoted as a means to “support” and “engage” with her fanbase, the coin quickly achieved a market cap of approximately $13 billion. H

Following their initial peaks, both tokens experienced substantial declines. By early February 2025, $TRUMP had lost about 75% of its value, while $MELANIA had dropped by nearly 90%.

In the past 8 days, the $Melania project team has continued to sell 9.99 million MELANIA worth around 4.65 million USD).

According to the report, the political memecoins frenzy was further busted by the $LIBRA scandal pin. The launch of $TRUMP and $MELANIA token did spark a meme coin frenzy. However, the Quarter ended with -53% trading volume in memcoins – from its ATH of 72k on pump.fun.

The number of memecoins deployed on the memecoin platform came down to 31K by the end of 2025 Q1.

The report also highlights that the launch of $TRUMP token pushed SOL price to ATH of $293. However, since then the native token, $SOL of leading blockchain Solana has declined by 57%.

Also Read: Solana Price Predicted to Hit $750!

Apart from these, the report also shares the stats for DeFi ecosystem and NFT Market – both of which witnessed decline in Q1.

US Spot Ethereum ETFs Inflows Decline by 50%

In the first quarter of 2025, U.S. spot Ethereum ETFs experienced significant fluctuations in investor inflows and outflows.

The report highlights that U.S. spot Ethereum ETFs recorded net outflows totaling $77.5 million. The majority of these outflows were from Bitwise’s ETHW ($56.1 million) and Grayscale’s ETHE ($21.4 million).

On January 10, 2025, the ETFs saw further net outflows of $68.5 million, contributing to a weekly total outflow of $185.8 million.

Thus, the first quarter of 2025 highlighted the sensitivity of Ethereum ETF investments to market dynamics and product competitiveness.

While periods of inflows indicated investor interest, significant outflows underscored the impact of market volatility and the importance of favorable ETF structures.

Also Read: Ethereum Price At Risk

CEX And DEX Trading Volume Decline

In the first quarter of 2025, both centralized exchanges (CEXs) and decentralized exchanges (DEXs) experienced notable declines in trading volumes.

According to the repot, the total spot trading volume on CEXs dropped to $5.4 trillion. This marked a 16.3% decrease compared to the previous quarter.

In Q1 2025, Binance dominated the centralized exchange (CEX) market with a 50% share. This was followed by Bybit (9%), Upbit (8%), OKX (7%), and Crypto.com (6%). Binance alone recorded $1.4 trillion in spot trading volume, maintaining its lead.

For DEXs, Ethereum’s dominance in DEX trading continued to wane. By Q1 2025, its share ended up falling below 40% as traders explored alternative platforms.

This came as  Solana maintained its position as a leading chain for DEX trading, ccounting for 39.6% of all trades in Q1 2025. This shift indicates traders’ growing preference for platforms offering lower fees and faster transactions.

All Eyes Now on Q2 2025 of Crypto Market

Thus, the Q1 2025 began with strong momentum but closed with cooling market sentiment. Crypto trading volumes across CEXs and DEXs declined. Bitcoin declined but remained dominant, outperforming Ethereum and altcoins in both market cap and interest.

The only positive numbers came from NFTs and GameFi markets, witnessing renewed activity. Memecoins surged briefly before retracing due to scandals and collapses sparking huge market volatility. Regulatory uncertainty and ETF inflow volatility added to the cautious investor tone.

Eyeing Q2 2025, the industry awaits clearer macro signals, potential ETF developments, and renewed innovation to drive fresh momentum.

With the ongoing bullish momentum, the next quarter is expected to perform better for the crypto market.

The post Crypto Market Declines 18% in Q1 2025, Ethereum Leads with 45% Drop: Latest Report appeared first on CoinGape.

The Shiba Inu community never fails to capture the market’s attention. On Friday, it highlighted the features of SHIB Pay, its own permissionless, on-chain payment system.

Amid rising talks of cryptocurrencies replacing the broken SWIFT (Society for Worldwide Interbank Financial Telecommunication) payments system, this system by the meme coin’s team is gaining substantial traction globally.

With renowned proponents like Eric Trump recently stressing the need for crypto to replace the broken TradFi system, on-chain payments systems are already a hot buzz. Intriguingly, crypto realm titans such as Ripple, Tether, and Circle have also revealed plans to bolster the crypto payments space.

Shiba Inu Boasts SHIB Pay As SWIFT Payments System Faces Heat

The Shib Magazine’s official post has recently touted SHIB Pay to be a revolutionary tool for merchants and users, on-chain. Shiba Inu’s community revealed that this portal eliminates the need for traditional payment processors, while users can pay without needing a central authority or approval.

Further, the self-custodial aspect offers merchants the right to hold keys for their own crypto wallets. This saga eliminates the need for any third parties, mitigating risks of frozen funds or loss of control over them. This endeavor by the dog-themed meme coin’s team gained significant traction amid rising TradFi concerns.

CoinGape Media recently reported that Eric Trump stressed that crypto will replace the broken SWIFT payments system at the Token2049 event. The U.S. President’s son believes TradFi to be outdated, citing limitations such as slower processing speeds, higher transaction costs, and limited accessibility. SHIB Pay, on the other hand, remains poised to counter these setbacks with on-chain capabilities.

Not long ago, Trump also stressed, “If the banks don’t watch what’s coming, they’re going to be extinct in 10 years.” This comment primarily hinted at Eric Trump’s pro-crypto stance, predicting that the digital asset space will replace banking ahead.

In line with this soaring optimism regarding crypto payments, the Shiba Inu community stole the spotlight with its recent payments tool update.

Ripple, Circle, & Tether Lead The Race?

On the other hand, crypto and stablecoin giants such as Ripple, Tether, and Circle are also jacking up crypto payments. CoinGape recently reported that Tether is looking to launch a domestic stablecoin for America, supporting crypto payments for everyday use. The firm’s CEO, Paul Ardoino, revealed that the current USDT coin remains for high-inflation purposes.

Meanwhile, Circle introduced CPN (Circle Payments Network), primarily empowering cross-border transactions. This payment system directly rivals Ripple Payments, another cost-effective cross-border transaction service on XRPL. Overall, now Shiba Inu aims to disrupt the crypto payments race with the introduction of its SHIB Pay.

The post Shiba Inu Unveils SHIB Pay as Permissionless, On-Chain Alternative Amid SWIFT Woes appeared first on CoinGape.

Ethereum (ETH) price has delayed retesting $2,000 despite being inches away from this psychological level.

Ethereum Price Today: ETH is Down 1.08%, Trades at $1,825

Ethereum price today trades at $1,825 after dropping 1.08%. This outlook is likely to get worse as technicals suggest a waning momentum that could soon tip over, favoring bears. With Bitcoin price also showing signs of short-term correction, investors need to be cautious.

Why Ethereum (ETH) Rally to $2,000 is Delayed?

Despite the recent crypto market outlook, Ethereum has failed to muster the momentum or buying pressure to reach the $2,000 psychological level, same as Bitcoin (BTC). A closer look at the four-hour chart for ETH shows bearish divergence. The higher highs and higher lows formed since April 23 has been running on fumes. The RSI, on the other hand, has produced lower highs above the mean level. This non-conformity is termed bearish divergence. Often this setup results in a correction.

If this bearish divergence plays out, Ethereum price could slide down to $1,721 or revisit the $1,668 support level. Ideally, a bottom formation between $1,668 to $1,514 is a good confirmation for the bullish crypto market outlook.

Whales Scoop $1.047 billion ETH in 3 Weeks

While a short-term correction is part and parcel of the bull run, whales have taken advantage of the noise and consolidation by accumulation $1.047 billion worth of ETH since April 13. Santiment data shows that investors with 10k to 100k ETH in their wallets increased their holdings from 24.64 million to 25.23 million tokens.

As noted above the sentiment surrounding Ethereum might be bearish due to the lackluster performance in 2024 and 2025. Regardless, Ethereum has finished four consecutive months of a downtrend and a bounce here is highly likely. So what can investors expect next from Ethereum (ETH)?

What’s Next for ETH?

From a technical perspective, Ethereum (ETH) is the most hated altcoins and everybody is paying attention to its competitor – Solana (SOL). While Solana price may rally, the chances for Ethereum price to overshoot are high.

• From a conservative standpoint, $2k is a good target. But depending on the momentum, investors can expect Ethereum to rally to $3k before the year ends.
• If we are being highly optimistic and consider ETH to be an underdog, then expecting it to go beyond $4k is a good place to start. Some analysts are even expecting Ethereum price to hit $80k.

Regardless, time will tel what happens to the second-largest cryptocurrency in the world.

The post Ethereum Price Delays $2,000 Retest But Whales Buy $1.047B ETH in 3 Weeks appeared first on CoinGape.

Most financial experts are speculating about how much Bitcoin price will appreciate. Prominent individuals such as Arthur Hayes and Robert Kiyosaki are forecasting BTC to reach $1 million in the not-so-distant future. Such lofty forecasts are coming as concerns grow about economic stability worldwide, government budget deficits, and monetary policy moves.

Arthur Hayes Foresees Bitcoin Price to $1 Million

Arthur Hayes, ex-BitMEX CEO, has a $1 million target for Bitcoin. He said this in an interview with cryptocurrency YouTuber Kyle Chasse. Hayes said that this target may be achieved by 2028. He justified his forecast by pointing to increasing government deficits and monetary policy as the primary drivers.

Hayes shared the same long-term BTC price target at the Token2049 event. He reports that the Biden administration approved about $7.1 trillion of net Treasury debt while in office. This was the period when the Bitcoin price rose sixfold. Hayes mentioned that during the Trump administration, the deficit is already 22% higher in the first half of the year compared to last year.

Hayes also recognizes a number of factors that will propel further deficit growth. They are an aging American population that will require additional Social Security and Medicare expenditures, increased defense spending, and the expense of bringing manufacturing back to the United States. These costs, added to increasing interest on the debt outstanding, represent what Hayes sees as a mathematical certainty.

The investor indicates that these fiscal stresses will be a boon for the Bitcoin price. He points to recent policy signals, such as Treasury buyback programs and potential changes to supplemental leverage ratios for banks, as signs that authorities will continue to seek ways to maintain market stability by providing liquidity.

Hayes predicts the BTC price will reach $250,000 by the end of 2025. He expects the most aggressive price action to happen in 2026-2027 when he expects a “money printing bonanza.”

Robert Kiyosaki Shares the Same BTC Price Vision

“Rich Dad Poor Dad” author Robert Kiyosaki has aligned with Hayes’ million-dollar Bitcoin prediction but with a slightly longer timeframe. In an April tweet, Kiyosaki stated that by 2035, one Bitcoin will be over $1 million.

Kiyosaki frames his Bitcoin outlook within an overall economic warning about an impending financial crisis. He points to multiple concerning indicators like record-high credit card and U.S. government debt, rising unemployment, and diminishing 401(k) values.

The financial educator mentions that he has consistently warned about this economic scenario across multiple books. For those concerned about financial stability, Kiyosaki repeatedly recommends a strategy centered around hard assets like gold, silver, and Bitcoin.

What distinguishes Kiyosaki’s perspective is his view that the coming economic crisis is not just a threat but also an opportunity. He suggests that individuals who take action to acquire even small amounts of Bitcoin, gold, or silver before the “giant crash” could “come through this crisis a very rich person.”

The post Bitcoin Price To $1M: What’s Behind Robert Kiyosaki & Arthur Hayes’ BTC Prediction? appeared first on CoinGape.