Crypto.com Approved to Provide Crypto Derivatives to EU Users

Monicah W

Crypto.com has unlocked a major milestone in Europe, a license that allows it to offer derivatives and securities within the European Economic Area (EEA.) The company shared on Wednesday, May 21, that it has secured a Markets in Financial Instruments Directive (MiFID) license after receiving regulatory go-ahead for its acquisition of Cyprus-based investment firm A.N. Allnew Investments Ltd. This approval came directly from CySEC, Cyprus’ financial watchdog. What does this mean for Crypto.com? The new license means Crypto.com can now offer crypto derivatives, securities, and other investment products to eligible users within the EU. The move opens up the European market for the exchange, allowing it to operate without legal repercussions. The license also reflects Crypto.com’s commitment to improving ties with regulators. Earlier this year, the trading platform received its Market in Crypto Assets (MiCA) license, which allowed it to offer its services to European customers. While MiCA governs crypto… Read More at Coingape.com

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XRP Could Hit $22 by December 2025? Top Analyst Says Soo!

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The post XRP Could Hit $22 by December 2025? Top Analyst Says Soo! appeared first on Coinpedia Fintech News

Ripple’s native token, XRP, has just climbed to the third spot in the global crypto rankings, sitting right behind Bitcoin and Ethereum, with its market cap reaching $164.29 billion. At the same time, popular crypto influencer Alex Cobb has made a bold prediction, saying XRP could hit $22.54 by December 2025.

But what makes him so confident that XRP can reach this level?

Analyst Predicts XRP Price to Hit $22

In his recent post, Cobb used humor to send a serious message. He shared a meme showing XRP skeptics regretting their decision as the coin rises above $22.54. It was a playful way to say something clear, don’t ignore XRP’s potential.

If XRP reaches that price, it would mean a massive 8X jump, or about 767% gain from where it is now. Such a rise could push XRP’s market value to around $1.32 trillion, possibly putting it ahead of Ethereum as the second-largest crypto.

Even veteran trader Peter Brandt, once critical of XRP, now believes it could hit a $502 billion market cap, and some believe it could go even higher.

History of Proving Doubters Wrong

This isn’t the first time XRP has shocked those who doubted it. Between November 2024 and January 2025, XRP surged by 7X, forcing well-known critics to rethink their positions. 

Even Davinci Jeremie, a die-hard Bitcoin fan, admitted XRP could climb past $20, recognizing the community’s strong push and Ripple’s progress.

Whales Buying More XRP

Recently, XRP whales have accumulated a massive amount of XRP. Right now, 2,743 wallets each hold over 1 million XRP, the highest number ever. These wallets now control nearly half of all XRP in circulation.

Meanwhile, this big buying wave comes as XRP hit $2.80 after a strong 10% daily jump. The price spike also forced $31 million in short positions to close, catching bearish traders off guard.

After hitting $2.97, XRP pulled back but found support at $2.70. It’s now holding above $2.75. If buyers push it past $2.90 with good volume, XRP could reach $3.20 or higher soon.

The post XRP Could Hit $22 by December 2025? Top Analyst Says Soo! appeared first on Coinpedia Fintech News
Ripple’s native token, XRP, has just climbed to the third spot in the global crypto rankings, sitting right behind Bitcoin and Ethereum, with its market cap reaching $164.29 billion. At the same time, popular crypto influencer Alex Cobb has made a bold prediction, saying XRP could hit $22.54 by December 2025. But what makes him …

Why Ethereum is Leading the 10% Crypto Rally Today?

With greed extensively visible among investors, the Ethereum price surge is leading the crypto market rally. Despite records of its invariant performance even when other digital assets boomed, things have changed this time. It is now among the most bullish cryptos today, outperforming Bitcoin, XRP, Solana, and many other top altcoins. Key Factors Fueling Today’s

The post Why Ethereum is Leading the 10% Crypto Rally Today? appeared first on CoinGape.

Mobius Token Smart Contract Hack on BNB Chain Drains $2.15 Million

A critical vulnerability in the Mobius Token (MBU) smart contract on BNB Smart Chain has led to a $2.15 million loss, adding to the growing list of crypto-related exploits in 2025. Mobius is a lesser-known project within the BNB ecosystem.

The attack, confirmed by Web3 security firm Cyvers on May 11, involved a malicious hacker who took advantage of a flaw in the MBU minting mechanism.

Mobius Attacker Moves Fund Through Tornado Cash

According to Cyvers, the incident began at 07:31 UTC when a wallet (0xB32A5) deployed a rogue contract. Just two minutes later, another address (0x631adf) initiated a series of suspicious transactions.

Using only 0.001 BNB, the attacker minted 9.73 quadrillion MBU tokens and quickly exchanged them for stablecoins, netting $2.15 million. In the same process, the attacker also gained an additional 28.5 million MBU tokens.

After the exploit, the stolen assets were moved to Tornado Cash, a popular protocol that anonymizes transactions.

Mobius Attacker Fund Flow Through Tornado Cash.
Mobius Attacker Fund Flow Through Tornado Cash. Source: Cyvers

The method and speed of the exploit point to a calculated move to evade tracking and asset recovery. This incident further highlights the persistent vulnerabilities facing smart contract-based systems.

Meanwhile, this Mobius hack makes it the latest victim in a wave of blockchain exploits that have resulted in the loss of around $2 billion across various platforms, including Bybit.

mobius defi hack
Funds Drained from Mobius. Source: Cyvers

BNB Chain Activity Surges

Despite isolated incidents like the Mobius breach, BNB Chain is witnessing a significant resurgence in user and developer activity. Over the past months, the network has reemerged as a top contender in the DeFi space.

Data from DefiLlama shows that the total value locked (TVL) on BNB Chain has surpassed $10 billion, reaching a three-year high. However, it is still significantly below the 2021 all-time high of more than $40 billion.

BNB Chain TVL.
BNB Chain TVL. Source: DeFillama

BNB Chain also recently claimed the top spot in the decentralized exchange (DEX) sector, outpacing both Ethereum and Solana.

Market observers noted that the network’s growth is fueled by fresh institutional interest, an increase in DeFi participation, and strong demand for on-chain assets.

Moreover, the momentum can also be partly attributed to Binance’s continued influence and Changpeng Zhao’s renewed focus on the blockchain network.

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