Category: News

Bitcoin’s price has recently rebounded, bringing it close to the critical $108,000 level. While this recovery offers hope, the key resistance remains unclaimed as support. 

Adding to concerns is a noticeable shift in investor behavior, signaling market fatigue, which could be setting the stage for a price decline below $100,000.

Bitcoin Profit Taking Slows Down

In the previous market cycle (2020–2022), Bitcoin investors realized a total of approximately $550 billion in profit during multiple rallies, including two major waves. Fast forward to the current cycle, and realized profits have already exceeded $650 billion, surpassing the previous cycle’s total. This indicates that, while large gains have been made, the market may be entering a cooling phase.

The latest data suggests that profit-taking has peaked, with the market now in a cool-down period after the third major wave of profit realization. Although gains have been secured, the momentum driving Bitcoin’s upward movement appears to be waning. As realized profitability tapers off, investor sentiment shifts, leading to reduced buying pressure.

Bitcoin’s total transfer volume has also shown signs of cooling. The 7-day moving average of on-chain transfer volume has dropped by approximately 32%, falling from a peak of $76 billion in late May to $52 billion over the past weekend. This decline is consistent with the broader pattern of market cooling, signaling that Bitcoin’s bullish momentum may be losing steam.

The slowdown in transfer volume reflects a general loss of activity across key Bitcoin metrics, reinforcing the notion that market participants are taking a cautious approach. As the market eases, Bitcoin’s price could face downward pressure.

BTC Price Needs To Secure Support

Bitcoin’s price is currently at $106,907, just below the $108,000 resistance. For BTC to continue its upward trend, it must flip $108,000 into support. This would set the stage for further gains, pushing Bitcoin towards the $110,000 mark and potentially beyond. However, the current market sentiment remains fragile.

Given the rising signs of market fatigue and the cooling of key activity metrics, a decline is more likely in the near term. If demand does not revive, Bitcoin’s price could fall below $105,000 and test the critical $100,000 support level. Any further loss in momentum may trigger a deeper decline.

Alternatively, if Bitcoin’s price manages to hold above key support levels, the bullish trend remains intact. Successfully reclaiming $108,000 as support would clear the path for Bitcoin to rise to $110,000. A break above this level could lead to a move towards the all-time high of $111,980, maintaining the upward momentum and investor optimism.

The post Bitcoin Market Fatigue Grows: Could BTC Price Drop Below $100,000? appeared first on BeInCrypto.

Layer-1 (L1) proof-of-stake coin APT is today’s top-performing crypto asset, rising nearly 10% over the past 24 hours. 

The bullish momentum comes after Bitwise filed an updated S-1 form with the US SEC on Thursday for its proposed spot Aptos exchange-traded fund (ETF). This marks a significant step forward in bringing the first-ever Aptos ETF to the US market.

APT Rallies Nearly 10% on ETF Momentum 

APT’s price nearly 10% surge over the past 24 hours has propelled the token to a 16-day high, fueled by growing investor optimism. The rally comes as Bitwise submitted updated S-1 filings to the US SEC on Thursday for its proposed APT ETFs.

Bitwise originally filed for the Aptos ETF in March. The updated filings signal a continued commitment to bringing the fund to the market, sparking renewed demand for APT as traders bet on the potential for institutional inflows.

On the APT/USD daily chart, the coin’s positive Balance of Power (BoP) reflects the growing demand among spot market participants. As of this writing, this momentum indicator is at 0.67.

The BOP indicator measures the strength of buyers versus sellers by comparing the price range within a trading period. When BOP is positive, buyers dominate the market, suggesting upward pressure on the asset’s price.

Therefore, APT’s BoP signals strong buying pressure behind its price surge. This suggests that bulls are firmly in control as the coin attempts to extend its rally.

Furthermore, as of this writing, the altcoin rests solidly above its 20-day Exponential Moving Average (EMA), which forms dynamic support at $4.68.

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When an asset’s price trades above the 20-day EMA, it signals short-term bullish momentum and suggests buyers are in control.

APT Holds Above Key Support 

As the market awaits the regulator’s decision, the growing expectations that the ETF could attract institutional capital could drive more bullish gains for APT in the short term. 

The coin’s 20-day EMA forms a strong support floor at $4.68, which could prevent sharp price dips below this level. This price level could propel APT toward $5.99, a high last seen in May.

However, if demand stalls, APT’s price could break below its 20-day EMA and slide toward $3.74.

The post Aptos Hits 16-Day High as First-Ever Aptos Spot ETF Inches Closer to Reality appeared first on BeInCrypto.

HTX, a leading global cryptocurrency exchange, recently announced its “Boost SOL ETF Approval” special event, a week-long campaign celebrating the highly anticipated potential approval of spot SOL ETFs by the U.S. Securities and Exchange Commission (SEC). This landmark approval would position SOL—following Bitcoin and Ethereum—as the third cryptocurrency to have a spot ETF,  signifying substantial recognition from capital markets for its technology, ecosystem, and market influence. More importantly, it serves as a powerful indicator of the crypto industry’s accelerated progression toward mainstream adoption and institutional acceptance.

This campaign, which runs from 10:00 (UTC) on June 26 to 10:00 (UTC) on July 3, offers a total prize pool of $100,000 in $HTX tokens. Users can participate by trading popular Solana ecosystem tokens to earn rewards. As a bonus, the 8th, 88th, 888th, and 8,888th registered users will each receive a Solana smartphone.

Click here to join the event.

The campaign features three dynamic events designed for broad participation:

Event 1: Soar with SOL — Airdrops for New Signups and Referrals

During the event period, new users and first-time traders can get a random airdrop of 1,000,000 $HTX or an 8% SmartEarn APY Booster Coupon by completing any amount of spot or futures trading. Additionally, participants can refer friends to HTX during the event. If their invitee signs up and trades at least 1,000 USDT, the inviter will receive an airdrop of 6,000,000 $HTX.

Event 2: Support SOL — Trade Solana Ecosystem Tokens for Rewards

Support the push for Solana ETF approval and get rewarded. Trade a minimum of 100 USDT in spot or USDT-M futures with any of the specified Solana ecosystem tokens (SOL, TRUMP, WIF, FARTCOIN, BONK, BOME, PNUT, MYRO, JTO, JUP). Complete this daily trading task for two days to be eligible for a $3 airdrop in $HTX.

Event 3: Boost SOL ETF Approval — Top the Trading Volume Leaderboard

Trade to  share a $50,000 prize pool! Achieve a total spot or futures trading volume of ≥10,000 USDT across the listed Solana ecosystem tokens (SOL, TRUMP, WIF, FARTCOIN, BONK, BOME, PNUT, MYRO, JTO, JUP) during the event. Rewards, with a top prize of $5,000 in $HTX, will be shared among qualifying participants based on their trading volume ranking.

HTX Maintains Market Leadership Through User-Centric Innovation

Dedicated to the global circulation of premier assets, HTX remains at the forefront of industry trends, consistently bringing new opportunities to its users. With the Solana ETF’s approval on the horizon, the platform is rolling out exclusive events. This move demonstrates HTX’s ability to identify emerging opportunities and reaffirms its core philosophy of prioritizing users.

The upcoming Solana ETF could initiate a new period of rapid growth for the crypto ecosystem. HTX will continue to deliver stable, convenient, and diverse trading experiences through high-quality services and innovative products, working alongside its global user base to embrace the new era of crypto.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

The post HTX Launches “Boost SOL ETF Approval” Special Event, Offering $100,000 Airdrop and Solana Smartphones to Celebrate Potential Industry Milestone appeared first on BeInCrypto.

A new CoinGecko report shows that XRP liquidity is heavily concentrated on just three exchanges — Bitget, Binance, and Coinbase.

Together, these platforms control around 67% of all trading activity close to XRP’s market price. This means most buy and sell orders for XRP sit on just a few order books. 

CoinGecko Report Reveals Surprising Data on XRP

At first glance, this might seem efficient. But it also means XRP depends heavily on a small number of platforms to stay liquid. 

If any one of these exchanges faces issues or lowers support, XRP traders could face delays, slippage, or bigger spreads.

CoinGecko’s analysis looked at what it costs to trade XRP within a small price move of two cents, which equals about 1% of its price. 

Within that range, XRP shows about $15 million in available orders across eight exchanges. Two-thirds of that sits with the top three.

Bitget Leads XRP Trading at Tight Price Bands

Bitget shows the most liquidity at very small price movements. That means XRP is easiest to trade there if you’re looking to move funds without big price changes.

However, Bitget’s liquidity drops off quickly as you move further from the market price. 

By the time you reach the two-cent range, Binance and Coinbase have nearly caught up in volume. This reinforces how dependent XRP is on just a few platforms.

Other exchanges like OKX, Bybit, Kraken, and Crypto.com play a smaller role. Their XRP order books are much thinner compared to the leaders.

XRP Trails Solana in Liquidity and Volume

One surprising detail in the report is that XRP lags behind Solana (SOL) in both liquidity and trading volume — despite having a higher market cap.

Solana has around $20 million in trading depth within a $1 price range, which is stronger than XRP’s $15 million within two cents. SOL also saw nearly twice as much volume as XRP during the study period.

This gap raises questions about how much real trading interest there is in XRP. Higher market cap doesn’t always mean stronger market support. 

In this case, SOL appears to have more consistent demand from active traders.

To sum it up, XRP’s trading activity is strong, but highly concentrated. Bitget, Binance, and Coinbase dominate its liquidity, leaving the asset vulnerable to exchange-level risks.

Compared to Solana, Ripple’s altcoin appears less liquid and less traded. This could affect price stability, especially during market stress.

The post Three Exchanges Control 67% of XRP Liquidity — Should XRP Traders Be Worried? appeared first on BeInCrypto.

Aqua 1, a Web3 investment fund based in the UAE, announced today that it’s spending $100 million on WLFI tokens. It and World Liberty Financial are partnering to expand WLFI’s blockchain ecosystem.

However, the announcement didn’t go into many specifics, and there are a lot of unanswered questions about this deal. If nothing else, both firms plan to support BlockRock, an RWA tokenization firm.

Aqua 1 Invests in WLFI

World Liberty Financial is one of the Trump family’s larger crypto ventures, launching the WLFI governance token and USD1 stablecoin.

The firm has gone through a few changes recently, as the Trump family reduced its stake last week and announced plans to make WLFI tradable yesterday.

Today, this Aqua 1 partnership plans to change things even further with a $100 million WLFI purchase:

“We’re excited to work hand-in-hand with the team at Aqua 1. Aligning with Aqua 1 validates our blueprint for global financial innovation, as we have a joint mission to bring digital assets to the masses and strengthen our nation’s standing as a champion and leader of cryptocurrency and blockchain technology,” claimed World Liberty co-founder Zak Folkman.

Unfortunately, there isn’t much information available on Aqua 1, which could be useful for dissecting the WLFI purchase. Its X account was created this month, and all its posts relate to today’s deal.

Aqua 1’s press release is very noncommittal, briefly touching on many Web3 buzzwords like DeFi, blockchain infrastructure, AI, global adoption, and more.

Still, a few pieces of circumstantial evidence could help explain the partnership. The UAE, Aqua 1’s home country, is a growing crypto hub, and Trump’s real estate empire and World Liberty Financial both have recent business ties there.

Aqua 1’s WLFI press release also lists Dave Lee as a founding partner, but it’s not clear who this is.

However, although Trump’s crypto projects face many corruption allegations, Aqua 1’s $100 million WLFI investment does have some tangible goals.

Specifically, the pair is developing and incubating BlockRock, an RWA tokenization firm.

BlockRock is now officially backed by both Aqua1 Foundation and World Liberty Financial — pioneering the next standard for TradFi × Web3 integration.

We’re excited to announce that BlockRock has secured strategic incubation from @Aqua1Fund and @worldlibertyfi, marking a… pic.twitter.com/Bc2WKfMmnw

— BlockRock_rwa (@BlockRock_rwa) June 26, 2025

Nonetheless, this deal is quite strange. Aqua 1 invested $100 million in WLFI, more than three times as much as Tron founder Justin Sun. The fund is now its largest individual investor.

The post UAE Firm to Invest $100 Million into Trump Family’s WLFI Tokens appeared first on BeInCrypto.

Rapid quantum computing breakthroughs intensify fears over Bitcoin’s security, with some experts now believing Q-Day could arrive much sooner than previously thought. 

David Carvalho, CEO of Naoris Protocol, warns that quantum computers may break highly secure algorithms in two to three years, finding Bitcoin and other cryptocurrencies alarmingly underprepared.

Global Quantum Race Accelerates

The quantum sector is advancing at an astonishing pace. Governments and private companies increasingly invest enormous sums to speed up the next big technological breakthrough.

On Thursday, the South Korean government revealed its plan to invest about 650 billion won—more than $480 million—over the next eight years. This funding will bolster the country’s quantum technology capabilities, including high-performance computers.

Three days earlier, the United Kingdom announced it would commit over $921 million to speed up the application of quantum technology in various sectors, from energy to healthcare.

The UK government is committing over £500 million to quantum computing, a strategic investment aimed at enhancing national security and economic resilience.

This funding bolsters previous initiatives, including the establishment of regional research hubs and the National…

— The Quantum Insider (@QuantumDaily) June 23, 2025

Such investments reflect a global phenomenon. A Q1 2025 report by The Quantum Insider revealed a remarkable 125% surge in quantum technology investments compared to a year earlier, surpassing $1.25 billion. 

Meanwhile, the technology itself is also quickly becoming more sophisticated.

The Quantum Threat to Modern Encryption

Current encryption, like RSA, relies on unsolvable mathematical problems for classical supercomputers. Specifically, RSA-2048, a 2048-bit standard securing vast online data, derives strength from the near impossibility of factoring its massive prime numbers. 

Qubits, however, enable quantum algorithms like Shor’s algorithm to factor large numbers efficiently, solving these “hard” problems exponentially faster.

Just last month, Google Quantum AI estimated that RSA-2048 could be broken in less than a week with under one million qubits, sharply accelerating its threat timeline.

Quantum Computers Could Break RSA Much Sooner Than Expected

Craig Gidney of Google Quantum AI in Santa Barbara, USA argues that a quantum computer with under one million noisy (not fully error-corrected) qubits could factor a 2048-bit RSA key in roughly a week. This is a… pic.twitter.com/1pe6Bm3YTg

— Sabine Hossenfelder (@skdh) June 6, 2025

So, how far away are we from seeing a quantum computer break an RSA-2048 encryption?

Key Breakthroughs Fuel Quantum Alarm

Last year, a group of Chinese researchers led by Wang Chao from Shanghai University demonstrated a significant advance in quantum cryptanalysis. They used a special type of computer known as a D-Wave quantum annealer to factor a 22-bit RSA key. 

This breakthrough notably surpassed the previous 19-bit key limit, demonstrating quantum annealing systems’ scalability beyond earlier known boundaries as cryptanalytic methods continue to improve. 

Carvalho highlighted the urgency of these advancements to BeInCrypto:

“This encryption in itself isn’t the most secure, but what’s terrifying is the speed at which they have progressed from 19-bit to 22-bit encryption. It’s clearly only a matter of time until quantum computers can break highly secure algorithms, and that time is quickly running out. It’s complacent to assume we even have five years left before RSA encryption can be broken – it’s more like 24-36 months,” said David Carvalho, CEO of Naoris Protocol.

He isn’t alone in stressing its imminence. 

Leaders Urge for Preparedness

University of Waterloo expert Michele Mosca previously predicted a one-in-seven chance that fundamental public-key cryptography could be broken by 2026. Major tech and banking entities, including IBM, Microsoft, and SWIFT, now urgently advise organizations to plan their post-quantum cryptography transition.

“Every single day this is delayed, cybercriminals are getting closer to hacking every system that matters, and once hacked, what’s lost can never be recovered. It’s getting far too close for comfort now,” Carvalho stressed.

Yet, how immediate is this threat in practical terms? What do we truly need to break the encryption?

Separating Hype from Reality

While breakthroughs like factoring a 22-bit RSA key are certainly significant advancements, they must be put into perspective.

A 22-bit key, though an increase from 19 bits, differs vastly from breaking RSA-2048. The jump isn’t linear; it’s an exponential increase in complexity that demands many more qubits and vastly improved error correction. 

Breaking RSA-2048 on a practical timeline requires a Cryptographically Relevant Quantum Computer (CRQC).

Such a machine, capable of running Shor’s algorithm with sufficient fault tolerance and sustained operation over days, remains a monumental obstacle. Many experts project its arrival in the late 2030s or beyond.

Nonetheless, the accelerating pace of quantum breakthroughs demands immediate, proactive planning to safeguard Bitcoin’s future security against an inevitable –albeit uncertain– Q-Day.

The post Quantum Could Threaten Bitcoin’s Encryption in 2-3 Years, Experts Warn appeared first on BeInCrypto.

Gradient Network’s recent $10 million seed round is the latest signal of accelerating capital deployment in decentralized AI infrastructure.

Backed by Pantera Capital, Multicoin Capital, and HSG, the funding will support the development of Gradient’s decentralized AI runtime stack. 

The Shift from Centralized AI to Decentralized Alternatives

The project is launching two core protocols—Lattica and Parallax—to facilitate peer-to-peer data movement and distributed AI inference. This development is not isolated.

According to market data, the decentralized AI sector included 164 companies by the end of 2024. Of those, 104 secured funding. The total market cap is expected to reach $973.6 million by 2027.

Decentralized AI projects aim to challenge the dominance of hyperscalers like OpenAI, Google, and AWS. These firms control the vast majority of AI training, inference, and distribution infrastructure.

AI is rapidly becoming the evolutionary infrastructure of humanity.

But as it grows more indispensable, we’re becoming increasingly dependent on centralized systems.

Privacy erosion, access barriers, and the monopolization of intelligence are no longer hypothetical. They’re…

— Gradient Network (@Gradient_HQ) June 17, 2025

Gradient’s approach focuses on browser-based nodes and lightweight peer networks, offering an alternative to cloud-heavy deployments. 

The project claims this model reduces cost and latency while improving privacy.

While similar efforts exist—such as Bittensor for decentralized model training and Gensyn for compute marketplaces—Gradient focuses on inference and coordination. 

This distinguishes it from compute rental marketplaces and model repositories.

Why Gradient Network’s Funding Round Stands Out

Pantera and Multicoin have historically invested in infrastructure-level plays. Their participation in this round suggests increased institutional confidence in decentralized runtime models.

By backing protocols like Lattica (for data flow) and Parallax (for inference), investors are betting on infrastructure that enables AI agents —where models dynamically communicate, share context, and run across distributed systems.

This is aligned with the growing industry consensus that static AI deployments are insufficient for real-world, real-time use cases.

Own your robots.

Decentralized Physical AI (DePAI) offers an alternative to centralized control of robots and the Physical AI infra stack.

From real world data collection to Physical AI Agents operating robots deployed by DePIN, DePAI is well on its way.@MessariCrypto pic.twitter.com/ukskuYIG75

— Dylan Bane (@dylangbane) February 11, 2025

Challenges Still Loom

Despite optimism, decentralized AI still faces steep barriers.

Bandwidth, latency, and heterogeneous hardware environments remain complex to coordinate. Gradient’s use of Sentry Nodes attempts to address this, but adoption at scale remains unproven.

Security also raises concerns. Serving models across untrusted devices introduces risks around output manipulation, data leakage, and model poisoning. 

While Gradient’s architecture promises privacy-preserving inference, independent audits and long-term resilience will be critical.

Overall, Gradient’s funding reinforces the idea that decentralized AI is not fringe. It joins a growing set of infrastructure projects aiming to make intelligence open, modular, and verifiable.

The post Why Gradient Network’s $10 Million Funding Is Critical for Decentralized AI appeared first on BeInCrypto.

Grayscale Research just published its new “Top 20” list for promising altcoins in Q3 2025. The list mostly remains the same from Q2, removing Lido DAO (LDAO) and Optimism (OP) to add Avalanche (AVAX) and MORPHO.

The firm assessed these altcoins on their market sector performance and individually. AVAX and OP are both smart contract protocols, but it swapped the two out due to company-specific circumstances.

Grayscale’s Newest Top 20 List

Grayscale Research periodically makes lists like this, updating its “Top 20” alongside “Assets Under Consideration” and other sector-specific assessments.

The firm uses a diverse set of criteria to assess its preferred altcoins, tracking which market sectors perform better than others. Today, Grayscale released its new recommendations for Q3 2025:

We have updated the Grayscale Research Top 20. The Top 20 represents a diversified set of assets across Crypto Sectors that, in our view, have high potential over the coming quarter. This quarter’s new assets are Avalanche $AVAX and Morpho $MORPHO. All the assets in our Top 20… pic.twitter.com/gqy0NBLsE1

— Grayscale (@Grayscale) June 26, 2025

Grayscale used a complicated metric to compile this list; for example, it added and removed altcoins from the same market category.

It categorized LDAO under “Utilities & Services,” which was the lowest performer, and replaced it with MORPHO, from the second-highest “Financials.”

However, AVAX and OP are both smart contract protocols, and Grayscale assessed that this sector didn’t grow or shrink much. In other words, Avalanche’s business developments must account for its place in Grayscale’s list.

In Q2 alone, new partnerships gave the blockchain a surge in on-chain activity, whereas Optimism suffered a 54% drop in ETH reserves.

Grayscale further clarified that Ethereum’s new focus on interoperability could make an L-2 like Optimism redundant. AVAX’s organic growth stands out in contrast, making it a clear choice for Grayscale’s list.

The firm expressed similar concerns for LDAO, as the SEC might approve ETF staking soon, removing the blockchain’s main market appeal.

MORPHO grew significantly in the last year, but that isn’t why Grayscale put it on the Top 20 list. Instead, the research firm was highly optimistic about its potential to outperform competitors in its own market sector:

“This past month, Morpho announced Morpho V2, designed to bring DeFi to traditional financial institutions. Grayscale Research is optimistic about the future of on-chain lending activity, and Morpho seems well positioned to potentially capture a meaningful share of that growth,” Grayscale claimed.

Grayscale’s findings and commentary are insightful, but it’s important to remember that it’s a research firm, not a market mover. It cautioned potential investors that all 20 of these tokens are very volatile.

In fact, all four of these assets slightly decreased in value since Grayscale released this list, even the ones it was optimistic about.

The post Grayscale Adds 20 New Altcoins for Its “Assets Under Consideration” in Q3 appeared first on BeInCrypto.

Arizona lawmakers have approved House Bill HB2324, which, if Governor Katie Hobbs signs it, could become the state’s second law establishing a Bitcoin reserve. The bill creates a reserve fund for assets, including Bitcoin, seized through criminal asset forfeiture.

This legislative shift responds to prior vetoes by avoiding direct state investment in digital assets. Instead, the bill focuses on placing forfeited assets into a reserve fund, introducing a new approach to cryptocurrency regulation in Arizona.

Key Features of HB2324

HB2324 strictly creates a reserve for assets obtained through criminal forfeiture. Unlike previous efforts that aimed for direct state investment in digital currencies, this approach addresses concerns from the executive branch. Supporters contend this measured strategy could help the bill become law.

Residents and industry experts can review the bill’s text and legislative status on the Arizona Legislature’s official portal. By adopting a less aggressive approach, lawmakers hope to avoid earlier obstacles and establish responsible asset management.

Previously, attempts to create a Bitcoin reserve either failed or were vetoed. This version of the bill contains no provision for speculative cryptocurrency investments; assets come solely from law enforcement seizures during investigations.

This highlights Arizona’s continued experimentation with cryptocurrency governance. The legislation encourages innovation while addressing executive scrutiny from previous cycles.

Why This Bill Has a Better Chance

Arizona’s experience with Bitcoin legislation demonstrates both ambition and caution. Previous bills proposing direct state ownership of crypto rarely survived to become law. Analysts note that HB2324’s use of current forfeiture frameworks marks a meaningful change.

“Arizona passes it’s fourth bitcoin reserve bill. For the first three, it was one enacted, two vetoed. This one doesn’t involve investment per se (it creates a fund out of criminal forfeiture assets), so has a better chance of being signed by the governor.”Julian Fahrer posted

Given this background, the bill is more likely to secure executive approval. Focusing on seized assets puts Arizona ahead in regulatory oversight while digital assets increasingly intersect with banking and law enforcement nationwide.

If enacted, Arizona would join other states prioritizing measured, compliance-first digital asset adoption instead of riskier direct investments.

The final step is Governor Hobbs’ decision. Many observers expect her previous concerns, which led to earlier vetoes, to be minimized due to the structured approach of this bill. Still, technology advocates, law enforcement, and policymakers are watching carefully.

Arizona’s move mirrors a broader trend: states are integrating digital assets into fiscal operations while striving to build public trust. By relying on criminal asset forfeiture, HB2324 might provide a model for gradual, responsible integration of emerging technology.

Regardless of the outcome, the debate and legislative process will shape Arizona’s future cryptocurrency regulations.

The post Arizona Legislature Passes Bitcoin-Forfeiture Reserve Bill: Will the Governor Approve? appeared first on BeInCrypto.

Newton Protocol, a decentralized finance (DeFi) project, recently launched its token NEWT on Binance Alpha, accompanied by a highly anticipated airdrop. However, the airdrop did not yield the expected outcome. 

Instead of boosting investor demand and value, it led to a significant price drop of nearly 40%, sparking concerns among holders.

Newton Protocol Has A Long Way To Go

The airdrop associated with the Newton Protocol has received mixed reactions from investors. Some investors have expressed disappointment, labeling the token a potential failure after the airdrop did not generate sustained interest. This has been followed by a sharp price decline and a dump of tokens as market sentiment soured.

On the other hand, some investors are praising Newton Protocol’s creative word-of-mouth/referral strategy. Through the Kaito ecosystem, users have been promoting the token to their networks. This grassroots marketing approach is being viewed as an attempt to build organic growth, according to Kaito Founder Yu Hu.

“Magic Newton are a great example of what we’re increasingly focusing on fostering – yappers bringing real users with real adoption (Kaito ecosystem referrals represent 1/3 of all Newton verified agents). on this note, we are thinking about incorporating opt-in onchain reputation to help further filter out AI slops and reward high-quality real users,” Hu stated.

One key factor that could boost investor confidence is Newton Protocol’s team’s commitment to ensuring a fair and stable market. The protocol has put measures in place to prevent flash selling and pump-and-dump schemes. 

All tokens allocated to team members and early investors are subject to a vesting schedule, prohibiting them from being sold until fully unlocked. This move helps create a more stable market environment and discourages speculative behavior.

NEWT Price Has To Stabilize

The recent price movement of NEWT has been largely driven by the airdrop. The price began to fall almost immediately after the launch. In just 12 hours, the token saw a drastic 40% drop, showing a clear disconnect between the anticipated demand and the market’s actual response.

Currently trading at $0.462, NEWT has failed to secure $0.466 as a support level. As the price continues to slide, it is approaching the next critical support at $0.400. If the price falls below $0.400, further losses are likely, with stronger selling pressure expected to drive the price lower. This would indicate that the initial enthusiasm for the token has waned.

However, if the Newton Protocol can regain momentum and secure the $0.466 level as support, it could signal a reversal in price. In this scenario, the altcoin could bounce back to $0.560, which would invalidate the current bearish outlook. This would require sustained buying interest and a more favorable response from the market.

The post Newton Protocol’s NEWT Crashes 1 Hour After Airdrop; Price Falls 40%  appeared first on BeInCrypto.