Category: News

Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network.

Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration.

Chutes

Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly through their platform or via an API, making it simple for developers to integrate AI into their applications without needing to manage the underlying infrastructure. 

In terms of performance, the token’s price has increased by approximately 170% over the past month. Since late March, the subnet token has seen a substantial rally, driving its market capitalization to surpass $100 million.

“Bittensor TAO has its first $100 million subnet, just 9 weeks after dTAO launch. Congrats Chutes (SN64)! Chutes is ‘serverless AI’ providing ‘instant on’ AI model hosting (DeepSeek, Mistral, etc.) for 85% less cost than AWS,” a user highlighted on X.

Nonetheless, the high was followed by a slight correction. Since mid-April, the token has been trading more steadily. At press time, it traded at $115.4 (0.35 TAO), representing a weekly decline of 12.1%. In addition, its market cap has also dipped to $93.7 million.

It is worth noting that Chutes is one of three subnets developed by Rayon Labs on Bittensor, alongside Gradients and Nineteen. The former is next on the list.

Gradients

The Gradients subnet is designed to make AI model training accessible to everyone. It leverages the Bittensor network’s decentralized infrastructure, allowing users to easily train AI models with minimal effort, even without prior AI knowledge. Its latest version (V3) was launched on April 15.

Wanted a comparison? You’ve got it.

TLDR: Gradients is cheaper AND better.

Some come close to the performance (Google Vertex) but at high cost per hour.

Some come close to the cost (togetherai) but not even close to the performance.

v3 Out Now.https://t.co/0Fm8CoQ5aC https://t.co/2unkVEU0mN pic.twitter.com/XbCRzayZj5

— Rayon Labs (@rayon_labs) April 15, 2025

Impressively, its gains even surpass Chutes. Its price has appreciated by over 550% in the last month.

“Gradients has pumped 500%+ in just a couple of weeks,” an analyst observed on April 2.

Yet, much like Chutes, the subnet token also saw a correction, which caused it to shed 30.7% of its gains over the past week. At press time, Gradients’ trading price stood at $54.1 (0.16 TAO).

Despite this, the community’s optimism remains quite strong.

“Subnets created by Rayon Labs now account for over a quarter of emissions on Bittensor. This is what happens when a world class team builds with conviction and actually delivers. The network rewards those shipping real products and bringing real value,” the analyst added.

Targon

Lastly, the Targon subnet is a decentralized infrastructure within the Bittensor network, specifically designed to support a marketplace for digital commodities related to AI. As a decentralized system, Targon enables AI models to interact, process, and generate information across various data types and formats without relying on a centralized authority. 

This infrastructure enhances AI’s ability to understand context and relationships in data, leading to more effective and efficient human-AI interactions.

“Targon stands out as one of the strongest subnets in the ecosystem,” a user claimed.

Nevertheless, the subnet token has seen the smallest gains compared to its counterparts. Its value has appreciated by around 60% over the course of the last month. It faced a correction in early April. After a slight recovery, the declines resumed.

At press time, the token’s price was $52.4 (0.15 TAO), a downtick of 19.3% over the past seven days.

As more developers and businesses explore decentralized AI solutions, Bittensor’s ecosystem is likely to expand. The ongoing evolution of these subnets will be crucial in shaping the future of AI infrastructure, and monitoring future developments could likely reveal new opportunities within the decentralized AI market.

The post Top 3 Bittensor Subnet Ecosystem Tokens to Watch appeared first on BeInCrypto.

The recent depeg incident involving sUSD from Synthetix has highlighted that this sector remains fraught with risks despite the immense potential of algorithmic stablecoins. 

The sUSD incident is not the first to expose the vulnerabilities of algorithmic stablecoins. From technical challenges and regulatory pressures to dwindling community trust, projects in this space must navigate numerous obstacles to survive and thrive.

The Landscape of the Algorithmic Stablecoin Market

Algorithmic stablecoins, which maintain their value without direct asset backing, were once hailed as a breakthrough in decentralized finance (DeFi). However, according to CoinMarketCap data from April 2025, the total stablecoin market capitalization stands at $234 billion, while algorithmic stablecoins account for about $458 million, equivalent to just 0.2%.

This stark disparity reflects the reality that algorithmic stablecoins have yet to gain widespread trust from the community. High-profile failures like the collapse of UST/LUNA in 2022, coupled with regulatory uncertainties such as the EU’s MiCA framework, have fueled skepticism.

More recently, the depeg of Synthetix’s sUSD is a typical example of this model’s inherent risks.

A Deep Dive into Synthetix’s sUSD Depeg

Synthetix is a well-known DeFi protocol celebrated for its synthetic asset system. Within this ecosystem, sUSD is an algorithmic stablecoin designed to peg its value at 1 USD, backed by the SNX token and price data from Chainlink.

However, sUSD has faced significant challenges with a prolonged depeg recently. At the time of BeInCrypto’s report, sUSD was trading at 0.77 USD, which has persisted since late March 2025. The primary cause was a major liquidity provider withdrawing from the sBTC/wBTC pool on Curve, which triggered intense selling pressure on sUSD. This forced users to convert other synthetic assets like sETH or sBTC into sUSD, exacerbating the price decline.

On April 21, 2025, Kain Warwick, the founder of Synthetix, announced on X that the team had implemented an sUSD staking mechanism to address the issue. However, he noted that the mechanism remains manual and lacks a fully functional user interface (UI), which is expected to launch in a few days.

“Update on the sUSD depeg. We have implemented an sUSD staking mechanism but it’s very manual until the UI goes live in a few days. Here was my hot take from discord though,” shared Kain Warwick, founder of Synthetix.

Warwick further stated that if the incentive mechanism (carrot) proves ineffective, Synthetix would adopt stricter measures (stick) to compel stakers in the 420 pool to participate more actively. He emphasized that, with the collective net worth of SNX stakers reaching billions of USD, Synthetix has the financial resources to stabilize sUSD and resume development of derivative products on Layer 1.

No Successfully Algorithmic Stablecoin Project

Before the sUSD depeg incident, the market witnessed the dramatic collapse of UST/LUNA in 2022. UST, Terra’s algorithmic stablecoin, suffered a severe depeg, dragging LUNA’s value down from $120 to near zero. This event caused billions of USD in losses and significantly eroded trust in the algorithmic stablecoin model.

More recently, the ‘Godfather of DeFi’, Andre Cronje, behind Sonic (formerly Fantom), also shifted direction. Sonic initially developed a USD-based algorithmic stablecoin but later pivoted to a stablecoin pegged to the UAE dirham.

“Pretty sure our team cracked algo stable coins today, but previous cycle gave me so much PTSD not sure if we should implement,” Cronje stated.

Beyond technical risks, algorithmic stablecoins face mounting regulatory pressures. The EU’s MiCA regulation, effective since June 2024, imposes strict standards on stablecoin issuers to ensure consumer protection and financial stability. Under MiCA, algorithmic stablecoins are classified as ART (Asset-Referenced Token) or EMT (E-Money Token), requiring projects to meet complex compliance demands.

This intensifies the pressure on developers, especially as other jurisdictions also tighten crypto regulations.

These examples show the vulnerability of algorithmic stablecoins to liquidity shocks and market sentiment, particularly due to their lack of direct asset backing.

The Potential of Algorithmic Stablecoins

Despite the challenges, algorithmic stablecoins still hold developmental potential. A March 2025 post on X by CampbellJAustin suggested that a next-generation decentralized algorithmic stablecoin is feasible if lessons are learned from past failures.

“I actually think a next-gen decentralized algorithmic stablecoin is possible. I also think it will not be done correctly by the crypto community because the primary constraints are economic and risk management, not technological,” CampbellJAustin shared.

However, projects must focus on building more price stability mechanisms, combining algorithms with liquidity safeguards to succeed. Additionally, they should prepare for regulatory requirements, particularly in regions with stringent rules like the EU. Transparency in operations, regular audits, and clear communication with users are crucial to rebuilding community trust.

By addressing these factors, projects in this space can seize the opportunity to regain confidence and drive innovation.

The post sUSD Depeg Rekindles Terra Flashbacks—Can Algorithmic Stablecoins Ever Win Trust? appeared first on BeInCrypto.

GoPlus Security unveiled the latest playbook employed by a well-coordinated scam network targeting unsuspecting crypto users with promises of effortless USDT earnings.

Meanwhile, deepfake AI is progressively becoming a concern. Bad actors leverage authoritative voices in the industry to target unsuspecting victims. These mark an alarming disclosure that mirrors the growing sophistication of crypto fraud.

GoPlus Security Reveals Crypto Scammers’ Latest Playbook

The analysis exposes a multi-stage deception that begins with trust-building micro-transactions and ends with the silent draining of victims’ wallets.

GoPlus Security covers major blockchain networks with multidimensional risk detection. The firm revealed that the attackers operate through addresses linked to a campaign that starts with the launch of seemingly legitimate projects.

These projects entice users with the promise of “zero-cost, stable USDT rewards” in exchange for completing simple, low-effort tasks. Once initial contact is established, scammers send small tokens and minimal USDT over several days to establish legitimacy. But it’s all a calculated ruse.

The ultimate goal is to convince users to grant token approval permissions, often to externally owned accounts (EOAs). Once approvals are in place, the scammers continue sending rewards for days or weeks while monitoring wallets.

When a user’s balance crosses a threshold or revocation activity is detected, high-speed front-running bots swoop in and drain funds in seconds. These trading bots are willing to burn gas at any cost.

“This is a long game to catch big fish,” GoPlus warned in its statement.

Against this backdrop, GoPlus Security cautions against granting unlimited token approvals, especially to EOAs. The firm also urges users to adopt proactive on-chain security tools.

“There’s no such thing as free money — don’t trust projects that claim you can easily earn just by participating,” it added.

Their findings closely align with recent guidance from on-chain sleuth ZachXBT. The investigator outlined critical checks every user should perform to avoid crypto scams.

As BeInCrypto reported, these range from verifying token contracts and approval histories to using tools that limit permissions or automatically revoke dormant approvals.

Deepfake Deception: The Next Frontier of Crypto Fraud

Beyond blockchain, crypto scams are exploiting artificial intelligence at a dangerous scale. Bad actors also weaponize deepfake technology, which creates convincingly fake videos of public figures, to defraud investors.

In a warning earlier this year, Binance co-founder Changpeng Zhao (CZ) revealed AI-generated clips promoting fake investment platforms falsely endorsed by major crypto personalities.

“There are deepfake videos of me on other social media platforms. Please beware,” CZ stated.

A disturbing example recently emerged in Ghana. The country’s Ashesi University denounced a deepfake impersonation of its president, Patrick Awuah Jr. Reportedly, scammers used him to promote a scam called “Crypto Klutz.”

They embedded the video in a fake news article mimicking Graphic Online. The scammers circulated it alongside doctored X screenshots to manufacture credibility.

“…Neither Patrick Awuah nor Ashesi University is associated with this or any similar platform. Please help protect our community by reporting it as fraudulent when encountered and encourage others who see it to do the same,” the university articulated.

Cybersecurity firm McAfee added urgency to the matter, reporting that the average American now encounters three deepfake videos daily. The company outlined five red flags for spotting AI-enhanced crypto scams.

It cited too-good-to-be-true promises, fake celebrity endorsements, and non-existent exchanges or wallets. Other red flags include urgency tactics to rush decisions, and demands for private keys or upfront payments.

A Variety report confirmed that deepfake-assisted fraud surpassed $200 million in losses in Q1 2025 alone. This figure highlights how fast scammers scale operations through generative AI and synthetic media.

As on-chain scams become more patient and AI deepfakes more persuasive, the crypto community faces a dual-threat environment unlike anything seen before.

“AI-powered scams are changing the crypto game. With deepfakes, voice cloning, and AI-generated phishing, scammers are raking in millions,” trader Crypto Frontline remarked.

The post Deepfake Crypto Fraud Hits $200 Million in Q1 2025, GoPlus Reveals New Scam Tactics appeared first on BeInCrypto.

With Bitcoin’s current price at $88,178, combined with its historical resilience and expert forecasts, the overall outlook remains cautiously optimistic.

In the short term, investors should closely monitor the $83,000 support level and the $90,000 resistance threshold, as these levels are likely to shape market sentiment.

Short-Term Outlook: Correction or Bear Market?

On Easter Sunday 2025, Bitcoin reached a price of $84,600, marking its highest level on this holiday in 17 years, according to a report by DocumentingBTC on X. From $0 in 2009–2010 to $84,600 in 2025, Bitcoin has demonstrated unparalleled resilience and adoption over the years.

Bitcoin dominance (BTC.D) has also hit a 4-year high. Despite this, experts remain divided on whether an altcoin season is on the horizon.

CryptoQuant’s Head of Research, Julio Moreno, shared on X that Bitcoin’s price resistance could range between $91,000 and $92,000, aligning with the realized price on-chain for traders. According to the analysis, during a bull market (bull market score ≥ 60), this realized price often acts as support; in a bear market (bull market score ≤ 40), it serves as resistance. The current market is still considered to be in the latter scenario.

In another analysis, CryptoQuant suggests that the market is likely undergoing a typical correction rather than entering a full bear market cycle. This view aligns with Bitcoin’s current price of $88,178, which, although slightly below recent highs, remains above key support levels.

Analyst Mark Cullen has expressed particular skepticism about the $83,000 level. If Bitcoin drops below this threshold, the market could witness a stronger bearish reaction.

“Bitcoin $90,000 liquidity still calling. But, I think the $83,000 level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” Mark Cullen stated.

A recent BeInCrypto report also mentioned that Bitcoin is eyeing a breakout above $90,000, driven by increasing momentum in the derivatives market. Breaking this level could signal a new bullish wave, potentially fueled by dip buyers and derivatives traders.

Long-Term Potential: A Bullish Future?

Looking at the long-term outlook, experts remain optimistic about Bitcoin’s trajectory.

“Seriously fam, this might be the last chance you have to buy $BTC < $100,000,” Arthur Hayes, co-founder of BitMEX, shared.

Robert Kiyosaki, the author of Rich Dad Poor Dad, posted on X that he firmly believes Bitcoin’s price will reach $180,000 to $200,000 by the end of 2025.

Bitcoin’s historical resilience following corrections supports this bullish outlook. For example, after dipping to $27,931 on Easter Sunday 2023, BTC rebounded significantly to $84,600 by 2025. This recovery pattern aligns with analysts’ views that corrections are healthy for long-term growth.

The Fear and Greed Index could also play a role in shaping investor behavior. A higher index value (indicating greed) often signals bullish sentiment, potentially pushing Bitcoin closer to the $90,000 mark and beyond.

The post Correction or Bull Trap? Analysts Split as Bitcoin (BTC) Eyes $90,000 Resistance appeared first on BeInCrypto.

This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.

The spike in capital inflow signals a renewed wave of institutional confidence in the leading coin, following an extended period of subdued activity in the ETF market.

Bitcoin ETFs Record Strong $381 Million Inflows

On Monday, net inflows in BTC ETFs totaled $381.40 million. The last time Bitcoin ETFs saw such a substantial injection of funds in a single day was nearly 13 weeks ago, making this latest surge notable.

The influx of capital reflects a resurgence in bullish bias among institutional investors toward BTC, at a time when broader sentiment has remained relatively cautious.

Yesterday, Ark Invest and 21Shares’ ETF ARKB recorded the largest daily net inflow, totaling $116.13 million, bringing its total cumulative net inflows to $2.60 billion.

Fidelity’s ETF FBTC came in second place with a net inflow of $87.61 million. The ETF’s total historical net inflows now stand at $11.37 billion.

Investor Confidence Rises

BTC has recorded a modest 1% gain over the past 24 hours. This price surge has prompted an uptick in the count of new open contracts in the coin’s futures market, reflected by its rising futures open interest. At press time, this is at $58.46 billion, climbing 5% over the past day. 

An asset’s open interest measures its total number of outstanding derivative contracts, such as futures or options that have not been settled or closed. 

When BTC’s open interest rises along with its price, it indicates that more traders are entering the market, either opening new long or short positions. This is a bullish signal confirming growing investor interest in the king coin. 

Further, BTC’s funding rate is positive at press time, highlighting the market’s confidence in its future price performance. This currently stands at 0.0068%.

When an asset’s funding rate is positive like this, long traders pay short traders. This means that more traders are betting on BTC’s going up, reflecting bullish market sentiment.

Moreover, today’s high demand for calls in the BTC options market supports this bullish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 0.71.

This indicates that more call options are traded than puts, suggesting a bullish bias among options traders. This low ratio reflects growing investor confidence and expectations of upward price movement.

The post Bitcoin ETFs See Biggest Net Inflows in 3 Months | ETF News appeared first on BeInCrypto.

According to the official announcement from the US Securities and Exchange Commission (SEC), President Donald Trump’s nominee, Paul Atkins, has officially assumed office as the 34th Chairman of the SEC. 

His appointment follows confirmation by the US Senate earlier this month, with the vote concluding in a 52-44 majority. 

Will Paul Atkins’ Leadership Transform Crypto Oversight? 

In his statement, Atkins expressed gratitude for President Trump’s and the Senate’s trust in him. He emphasized his goal of ensuring the US is the most secure and attractive place in the world for investment and business.

“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” the new SEC chair said.

Previously, during the Senate hearing, Atkins stressed that crypto regulation would be a “key priority” for him. He succeeds Gary Gensler, who is known for his staunch criticism of the industry, especially altcoins. 

Last week, Gensler reiterated his stance, arguing that sentiment, not fundamentals, drives the majority of cryptocurrencies. He believes this makes them unsustainable and prone to losing value over time. 

Notably, Gensler’s tenure at the SEC was marked by roadblocks for several altcoin exchange-traded funds (ETFs). However, that changed after his exit.

Since Genler’s resignation, there has been a surge in crypto ETF applications. As BeInCrypto reported earlier, 72 crypto-linked ETF filings with the SEC are currently awaiting approval to list or offer options.

“Full serving of ETF-related items on his plate including: 1) In-kind creation and redemption for spot btc & eth ETFs, 2) Staking in spot eth ETFs, 3) Dozens of crypto-related ETF filings. Should start seeing real movement,” wrote Nate Geraci, President of The ETF Store.

Analysts suggest that the surge in filings may be a result of companies testing the limits of the SEC. Yet, Atkins’ decision on the long list of altcoin and meme coin ETFs could set a new precedent for future crypto-related filings.

“The SEC in the United States is officially a pro-crypto administration!” an analyst stated.

The optimism extends beyond the ETFs. Under the Trump administration, many companies, including Coinbase, Uniswap, Yuga Labs, Kraken, and Ripple, had SEC investigations or lawsuits closed. BeInCrypto highlighted that these companies and several others donated over $85 million to the President’s inauguration, raising concerns about potential conflicts of interest.

Now, Atkins’ experience and market-friendly approach are expected to be critical as the SEC navigates the challenges of the $2.8 trillion crypto market. Investors and policymakers will closely watch his leadership, particularly as the SEC works to strike a balance between encouraging innovation and enforcing strong oversight.

The post Paul Atkins Appointed SEC Chairman: What His Leadership Means for Crypto appeared first on BeInCrypto.

Coinbase, the largest US-based crypto exchange, received regulatory approval from the CFTC (Commodity Futures Trading Commission) to launch XRP futures contracts through its derivatives arm.

This development marks a pivotal moment for institutional access to XRP altcoin, amid a broader derivatives market shakeup.

XRP Futures Now Live on Coinbase

Earlier in the month, Coinbase revealed its intention to bring regulated XRP futures to market, showing that it had filed for the offering with the CFTC. BeInCrypto reported that the US-based exchange filed to self-certify the product.

“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures—bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” read the announcement.

The firm anticipated the contract going live on April 21. During the late hours of the US session on Monday, Coinbase confirmed in a follow-up post that the product was live.

“Coinbase Derivatives, LLC now offers CFTC-regulated futures for XRP,” the exchange stated.

This approval suggests a fast-track endorsement by the CFTC, potentially opening the door to broader crypto derivatives activity in the US.

It is unsurprising that the agency has recently pivoted toward easing entry into the crypto derivatives sector. As BeInCrypto reported earlier this month, the CFTC rolled back several regulatory hurdles that had previously deterred traditional and crypto-native firms.

“As stated in today’s withdrawal letter, DCR [Division of Clearing and Risk] determined to withdraw the advisory to ensure that it does not suggest that its regulatory treatment of digital asset derivatives will vary from its treatment of other products,” the CFTC explained.

The changes simplify registration requirements and lower operational barriers for launching crypto derivatives products.

XRP Network Activity Soars 67.5%

With XRP historically maintaining high liquidity and a global user base, it represents a strong candidate for derivatives trading, especially in a newly liberalized environment.

Unlike more volatile mid-cap tokens, XRP benefits from a combination of legal clarity following the Ripple lawsuit outcome, broad exchange availability, and a sizable market cap. These elements make it attractive to institutional traders seeking capital-efficient exposure.

Recent on-chain data reveals a sharp uptick in network activity, further bolstering the case for XRP futures. Data shows XRP active addresses surged by 67.5% between April 19 and 20, ahead of Coinbase Derivatives’ XRP futures debut, climbing from 27,352 to 40,366.

The spike suggests growing engagement from retail and institutional participants, possibly in anticipation of expanded market access through derivatives.

Still, market sentiment around XRP remains mixed. Despite the regulatory milestone, XRP’s spot price has declined 1.26% in the past 24 hours, reflecting broader market consolidation and investor caution.

This suggests that while futures listings can enhance liquidity and price discovery over time, short-term price action often diverges from structural developments.

Coinbase’s move aligns with its broader strategy to position itself as a regulated gateway to crypto derivatives in the US. With the futures of Ethereum and Bitcoin already live, XRP has joined the lineup. This signals Coinbase’s confidence in XRP’s long-term viability despite lingering skepticism in parts of the US regulatory arena.

The post Coinbase Launches CFTC-Regulated XRP Futures Contracts appeared first on BeInCrypto.

According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.

Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.

Crypto Industry Went All-In on Trump’s Inauguration

Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.

Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.

Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.

For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.

The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.

Further Alleged Benefits for Donors

In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.

Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.

Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.

Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.

All three of these companies made major donations to Trump’s Inauguration.

It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.

Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.

While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.

The post Crypto Firms Donated $85 million in Trump’s Inauguration, What Did They Receive? appeared first on BeInCrypto.

Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.

On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.

Solana Maintains Bullish Structure, but Momentum Faces Key Test

On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.

The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.

The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.

If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.

Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.

BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.

Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.

Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth

Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.

In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.

When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.

Pump leads the pack with nearly $18 million in fees alone.

Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain

Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.

Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.

If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.

The current structure favors buyers, with higher lows and strong support reinforcing the trend.

However, if momentum fades, a retest of the $136 support is likely.

A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.

The post SOL Builds Momentum As Solana Outperforms Other Blockchains appeared first on BeInCrypto.

Coinbase is listing Reserve Rights (RSR), a dual‑token stablecoin platform aimed at creating a collateral‑backed, self‑regulating stablecoin ecosystem. Following the announcement, Binance’s ‘smart money’ traders are increasing long positions on the altcoin.

Incoming SEC Chair Paul Atkins was an early advisor for RSR, but he doesn’t maintain any active connection to the project. Nonetheless, RSR speculators may be anticipating some benefits from this old association.

Coinbase Lists RSR To New Enthusiasm

RSR has been active since 2019, aiming to upend the stablecoin ecosystem. It’s an ERC‑20 utility and governance token that underpins the Reserve Protocol, a dual‑token system designed to back and stabilize the Reserve stablecoin (RSV) at a $1 USD peg. RSR, a non-stablecoin, provides governance and backstop insurance to its counterpart.

The asset’s valuation peaked in 2021 but has been quiet since then until regaining prominence in 2024. Today’s Coinbase listing announcement saw RSR jump nearly 10%.

Coinbase first announced that it would list RSR a little under three weeks ago. Coinbase listings usually cause the underlying tokens to spike, and this has been no exception.

However, an intriguing side effect has also taken place. As the asset prepares its debut on Coinbase, top traders on Binance are showing a strong bullish positioning.

On Binance, the top‑trader long/short ratio measures the share of total open positions held as longs by the top 20% of accounts by margin balance. A 65.48% long ratio means these “smart money” participants are overwhelmingly betting prices will rise.

Meanwhile, beyond Coinbase listing, RSR is getting attention due to its link with incoming SEC Chair Paul Atkins. Although Atkins disclosed his crypto investments and has no current link with RSR, he joined the Reserve Rights Foundation as an advisor in its early stages.

Since Atkins succeeded in his confirmation hearing, RSR posted an impressive 22% rally. Technically, he hasn’t been seated as Chair yet, but traders are evidently expecting bullish developments.

Atkins has promised to bring crypto-friendly reform, and this connection could disproportionately impact his former associates.

That isn’t to say that anyone has alleged that Atkins will engage in corruption to unfairly boost RSR. However, since becoming President, members of Trump’s family have been involved in several controversial crypto deals. This precedent may be encouraging traders to believe in the importance of political connections.

For now, market narratives are very important in this industry. As Atkins officially begins his career as the SEC’s new Chair, RSR may continue to receive indirect benefits.

The post Coinbase Lists Reserve Rights (RSR) Token Linked to SEC Chair Paul Atkins appeared first on BeInCrypto.