ETH Investors Secure Nearly $1B in Profits – How Low Will Ethereum Price Crash?

Monicah W

Whale selling and bearish technicals suggest ETH could plummet to $1,752—here’s when the drop may accelerate. Ethereum (ETH) price faces immense selling pressure after the $2,700 local top as blockchain data reveals investors cashed out nearly $1 billion in profits this week.  Today ETH trades at $2,500, but whale transaction count spike shows that large investors are distributing their holdings. Technicals solidify this potential crash by flashing a bearish divergence sell signal. According to Santiment’s Network Realized Profit/Loss (NPL) metric, shows $835 million worth of ETH tokens were moved on May 15. This indicator tracks daily coin movements, this represents the most significant profit realization since Ethereum price plummeted to $1,385 in April. ETH Network Realized Profit/Loss The selling aligns with a spike in whale transactions exceeding $1 million. Historical patterns show similar activity preceded April’s 35% crash, suggesting large holders who bought the dip are now exiting positions. This… Read More at Coingape.com

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Ripple CLO Writes to SEC for Clarity on Tokens and Investment Contracts

Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has recently submitted a letter to the U.S. Securities and Exchange Commission (SEC) demanding clarity and differentiation between crypto tokens and investment contracts. While addressing SEC’s Crypto Task Force, headed by Commissioner Hester Peirce, Alderoty argued that most fungible crypto assets won’t qualify as securities under the existing laws. Ripple CLO Demands Crypto Regulatory Clarity In his SEC letter, Alderoty cited the ‘The Ineluctable Modality of Securities Law’ paper by Lewis Cohen, stating that an investment contract requires a legal relationship between a buyer and a seller. However, this is not necessary in the secondary market transactions of the crypto market, he said. In the ongoing SEC vs Ripple lawsuit, the Ripple CLO also pointed out the ruling by Judge Torres where XRP was deemed not a security in secondary sales, although the earlier institutional sales met the criteria for investment contracts. While… Read More at Coingape.com

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Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest

In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.

This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.

Bridging Traditional Finance and DeFi

Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.

By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.

Understanding the PayFi Vault

According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.

By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.

The Role of Stablecoins in Payment Financing

Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.

In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.

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US Bitcoin Reserve: Bo Hines Calls For Swift Action

US Bitcoin Reserve: Bo Hines Calls For Swift Action

In a recent development, Bo Hines, the Presidential Digital Asset Advisory Committee’s Executive Director, shed light on the United States’ Bitcoin reserve strategies. He asserted that the US should strengthen its Bitcoin accumulation to bolster its crypto lead.

Notably, the US is considering multiple strategies to bolster its Bitcoin reserve without burdening taxpayers, potentially utilizing tariff revenue or revaluing government-held gold certificates. Let’s break down the Trump government’s crypto policies through the lens of Bo Hines.

Bo Hines Commends Trump’s Bitcoin Reserve Strategies

In a recent interview, Bo Hines, the Executive Director of the Presidential Digital Asset Advisory Committee, provided a detailed insight into the US’ crypto policies. Hines acknowledged President Trump’s commitment to transforming the US into a crypto capital, fulfilling his campaign pledge.

US To Accumulate More Bitcoin

Bo Hines added that the government is exploring multiple ways to solidify the country’s position as a global leader in crypto. While adopting a Bitcoin reserve remains key to the US’ lead, the government is accumulating more BTCs. He stated,

We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this… Everything is on the table, and like we’ve said, we want as much as we can get, so we’re going to make sure that no stone is unturned.

Bo Hines Targets Infinite Bitcoin in US Reserve

Significantly, Bo Hines envisions the US accumulating “infinite” Bitcoins for its national reserve. He believes that assets with inherent value, like Bitcoin, should be acquired in the largest quantities possible. He stated, “Anything else with an intrinsic store of value—you want as much as you can possibly accumulate. It’s no different with Bitcoin.”

Recently, asset manager Franklin Templeton expressed its support for the US Bitcoin reserve. The firm stated that the reserve strategy could help tackle the country’s financial debts.

US Leads in Bitcoin Adoption, Says Hines

Bo Hines highlights the US’s ambition to become a global crypto leader, with other countries potentially following suit. Trump signed an executive order to establish a Bitcoin reserve, inspiring other nations like Russia to adopt similar strategies.

The crypto advisory head further cited, “I’m sure other countries will be chasing us as we continue to push forward and welcome this technological innovation. I think you’ll see other world leaders follow suit very quickly.”

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