Dig Deeper, Invest Smarter
The post Ethereum Plans 4x Gas Limit Rise to Improve Performance appeared first on Coinpedia Fintech News
Ethereum developers are proposing a 4x increase in the gas limit to 150M for the upcoming Fusaka hard fork. This adjustment aims to boost Layer 1 (L1) execution, enabling the network to manage more transactions with greater efficiency. By raising the gas limit, Ethereum seeks to enhance its overall performance, ensuring smoother operations and better scalability as the network evolves.
Dogecoin price has once again secured a prominent spot on crypto traders’ and investors’ radars, extending its weekly rally to over 15% amid broader market trends. However, a peculiar surge in DOGE futures OI has garnered significant attention among market participants, topping the $2 billion mark. This stat has underscored rising market interest in the asset, paving a bullish path for future movements.
Meanwhile, a renowned crypto market analyst has further predicted amid these broader bullish dynamics that a price rally to $0.65 awaits.
Renowned crypto market analyst Javon Marks has posted on X, predicting that Dogecoin price could hit $0.65 in the short term. This bullish prediction is primarily attributed to a ‘regular bullish divergence’ formation on the meme coin’s price chart.
Primarily, the analyst stressed that bears’ dominance over the asset is weakening. As a result, DOGE price is starting to show signs of major strength and looks to be breaking out, per the analyst.
Meanwhile, another renowned crypto expert going by the name Carl Moon has forecasted a bullish outlook for the meme token. As per Carl on X, Dogecoin price has broken out of a ‘falling wedge pattern’ and is gearing up for a massive pump ahead. Particularly, the analyst believes that the next price target for crypto is at $0.43. For context, a falling wedge pattern suggests that the price is eyeing a bullish breakout ahead.
At the time of reporting, DOGE price saw a 0.5% increase in value intraday, exchanging hands at $0.1827. The weekly chart for the meme coin showcased gains worth 15%. Overall, the broader rising price trajectory has solidified investors’ hope of a bull run ahead.
Simultaneously, Coinglass data reported that DOGE futures OI increased over 3% today, reaching $2.08 billion. Further, the derivatives market volume also soared by 15% to $4.56 billion. This on-chain data further indicated rising market interest in the asset, cementing the chances of a bull run ahead.
Even the meme coin’s options volume surged 83% today, alongside a surge of 160% in the Options Open Interest. Overall, traders and investors are anticipating a bullish price move against the backdrop of strong market technicals.
The post $2B DOGE In 24 Hours Hints At Dogecoin Price Breakout To $0.65 appeared first on CoinGape.
The post UAE Launches Dirham-Backed Stablecoin Under New Dubai Crypto Regulation Push appeared first on Coinpedia Fintech News
Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations, International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB), have come together to launch a brand-new stablecoin backed by the UAE Dirham.
However, Abu Dhabi’s ambitious plan challenges the dominance of US dollar-backed stablecoins, as other countries also look to create their national alternatives.
The stablecoin will be issued on the ADI blockchain, a homegrown technology. The goal is to make payments safe and easy for people, businesses, and organizations, both in the UAE and worldwide.
This stablecoin will help with everyday payments and more complex digital transactions. Since it’s backed by the local currency and follows the Central Bank’s rules, it will be safe and legal.
First Abu Dhabi Bank (FAB) will issue the coin once it gets approval from the Central Bank of the UAE. This partnership combines strong financial support, new technology, and official regulation.
This stablecoin isn’t just for simple transactions. It’s also made for the future, supporting payments between machines and AI-powered transactions.
The goal is to create a digital currency that works in new areas like smart finance and the Internet of Things (IoT), helping the UAE stay ahead in these fast-growing fields.
This step is part of the UAE’s larger goal to be a leader in digital finance. Last year, the country introduced its first official stablecoin, AE Coin. Recently, a local company, MGX, invested $2 billion in Binance, proving how committed the region is to crypto and blockchain.
Syed Basar Shueb, CEO of IHC, said the new stablecoin is an important step for digital finance. He is proud that IHC is using its blockchain skills in the project and that the partnership shows the UAE’s focus on leading digital currencies.
Even Mohamed Hassan Alsuwaidi, CEO of ADQ, believes this project will make the UAE’s digital systems stronger.
As the UAE moves forward with its stablecoin, other countries like Russia are also exploring their own. Russia is considering a stablecoin backed by its currency after facing US sanctions.
Many countries are looking into stablecoins tied to their currencies or central bank digital currencies (CBDCs).
However, a report from Citigroup suggests, US dollar-backed stablecoins still lead the market, with Tether holding 90% of the $230 billion market, a 54% increase from last year.
The post UAE Launches Dirham-Backed Stablecoin Under New Dubai Crypto Regulation Push appeared first on Coinpedia Fintech News
Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations, International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB), have come together to launch a brand-new stablecoin backed by the UAE Dirham.However, Abu Dhabi’s ambitious plan challenges the dominance of US dollar-backed stablecoins, as other countries also look …
Jeffy Yu, the 22-year-old co-founder of the artificial intelligence (AI) crypto project Zerebro, is at the center of a growing controversy following reports that he may have faked his death.
Initially believed to have committed suicide, Yu’s alleged passing triggered a massive surge in his legacy meme coin, LLJEFFY token. It skyrocketed to a market cap of around $105 million. However, mounting evidence suggests Yu may still be alive and actively involved in cryptocurrency transactions.
On May 4, a video surfaced on X (formerly Twitter) purportedly showing Yu taking his own life during a livestream on the Pump.fun platform. This prompted widespread shock in the crypto community.
Heartbroken over the Zerebro dev’s tragic loss. A reminder to check on each other—this space can be tough. Rest in peace.
Family can be your rock through tough times—lean on them, talk it out, and let their love lift you up.
Read the full article here
… pic.twitter.com/FAbR7N4aoP
— Bat Gremlin 𝕏 (@NFTBatGremlin) May 6, 2025
His now-deleted obituary was posted on the Legacy platform on May 6, and many tribute posts followed. That same day, a pre-scheduled article attributed to Yu was published. The article introduced the “Legacoin,” a new category of meme coins tied to legacy and permanence.
Yu launched LLJEFFY as the first legacoin on the date of his alleged death.
“If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically or my adhd really got the best of me (oops, i’ll post an update when i have that ‘oh shit’ moment, embarrassing if the token isn’t live) this is a legacoin, my final art piece LLJEFFY,” the blog read.
The coin offers no promises or returns. It is described as “interactive performance art” where the trading activity on the blockchain reflects human emotions like fear, greed, and hope. Yu also expressed discontent with how wealth and fame led to the breakdown of meaningful relationships.
“You only truly die when you’re forgotten How will you define your legacy?” Yu asked in his final blog.
After the blog went live, the associated token LLJEFFY surged in value. According to DEXScreener, its market capitalization reached approximately $105 million, marking an appreciation of 2,115%.
Zerebro’s own token also saw a modest rise, pushing its market cap to $46.5 million. Nonetheless, the rise was fleeting. As of the latest data, LLJEFY has lost 96.19% of its value, with its current market cap at just $4.0 million. ZEREBRO has also faced a double-digit decline of 19.9%, according to CoinGecko data.
The rapid decline came as users started to post evidence that Yu was still alive and actively trading.
“Incredibly the ghost of the Zerebro dev is buying his “legacy coin” on his phantom wallet brings a whole new meaning to phantom wallet I guess,” a user noted.
On-chain analysis by X user Vee revealed that a wallet address (G5sjgjPdFdoz7hRa49yDobeSdqMooCmDwsCUERqLTfyr), allegedly linked to Yu, continued to be active after his reported passing.
“I’ve just noticed that one of Jeffy Yu’s addresses is dumping ZEREBRO, then sending USDC to the HTX exchange, and then that money is coming to Jeffy’s address that created LLJeffy,” Vee posted.
Moreover, Lookonchain revealed that a wallet, potentially associated with Yu, sold 35.55 million ZEREBRO for 8,572 SOL ($1.27 million). Following this, the wallet transferred 7,100 SOL ($1.06 million) to the developer wallet “G5sjgj” linked to LLJEFFY.
Further fueling suspicion, multiple sources, including crypto influencer Irene Zhao, cited insider knowledge claiming Yu faked his death. In addition, another user called Daniele posted a letter Yu allegedly sent to an early investor, admitting that he had created the video to move away from the public eye.
“Crypto just witnessed its first pseudocide exit strategy,” Daniele wrote.
In the letter, Yu shared that he had been harassed, blackmailed, and doxxed, leading him to fear for his safety. He outlined that stepping away openly would have negatively affected the value of his projects. Thus, he chose this route for his safety and peace.
“I have not profited from this situation; rather, the contrary, I have incurred substantial expenses in legal fees and related costs associated with this planned exit,” Yu wrote in the letter.
As of now, Yu’s whereabouts remain unconfirmed, and the crypto community continues to debate the implications of this unprecedented event.
The post Is Jeffy Yu Alive? On-Chain Clues Suggest Zerebro Co-Founder Faked His Death appeared first on BeInCrypto.
