Hex token, affiliated with Richard Heart’s PulseChain blockchain, surged over 75% after a US judge tossed a fraud case involving the founder and the SEC.
The token posted this meteoric pump in the past 24 hours, moving from around $0.00225 to its current price of $0.003972. Meanwhile, other assets linked to Richard Heart also surged substantially, with Pulsechain (PLS) and PulseX (PLSX) growing 34% and 61%, respectively.
This upward trajectory came on the back of the US district court dismissing a legal contest involving Heart and the US Securities and Exchange Commission (SEC). The presiding judge, Carol Bagley Amon, ruled on the case on Friday, acquitting the crypto founder of all fraud allegations.
Heart Walks Free After SEC Brawl In July 2023, the US SEC sued Heart for raising $1 billion by selling unregistered securities to US investors. Furthermore, the regulators alleged that he defrauded users of $12.1 million and spent it on luxury cars and rare collections.
One of the priced collections Heart allegedly bought was “The Enigma,” a 555.55-carat black diamond sold for $4.4 million in February 2022. The US citizen who resided in Finland also acquired McLaren and Ferrari sports cars and luxury Rolex watches.
#AuctionUpdate "The Enigma": This 555.55 carat Black Diamond sold today for £3,161,000 / $4,292,322. The buyer has opted to use cryptocurrency for the purchase. #SothebysJewels pic.twitter.com/ZuiL9SxET8
— Sotheby's (@Sothebys) February 9, 2022
Notably, Judge Amon found Heart’s crypto activities beyond the US SEC’s purview. The court noted that the regulator could not prove that the founder’s crypto platform and wallets were within the US’s jurisdiction. This resulted in the dismissal.
“To the extent the complaint shows that Heart misappropriated investor funds through deceptive mixer transactions, those actions occurred entirely outside of the United States,” the judge stated.
A Rare Win Against the SEC Meanwhile, the PulseChain founder took to X to celebrate the “rare” victory against the US SEC. He tweeted that Amon correctly ruled that the tokens under the PulseChain ecosystem (PLS, PLSX, and HEX) are not securities and can now flourish with other assets in the crypto space.
I appreciate Judge Amon's careful ruling which has dismissed all of the SEC's claims against me. This type of victory over the SEC is quite rare. PulseChain, PulseX and HEX are not securities and should be allowed to flourish. HEX has operated flawlessly for over 5 years. Today's…
— Richard Heart (@RichardHeartWin) February 28, 2025
Furthermore, he appreciated President Donald Trump’s support for the digital asset industry and the regulatory clarity it has brought. Heart also insisted that HEX has flawlessly operated for 5 years, and the Friday ruling brings further relief to the project and the broader crypto industry.
Moreover, the case adds to the growing list of SEC litigations that are now underwater. In the past week, the regulator dropped its legal battles with Coinbase, Robinhood, and Gemini, among others.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
A US federal court has dismissed the SEC’s lawsuit against Richard Heart, the founder of HEX, citing jurisdictional overreach.
Following the decision, tokens associated with Heart—HEX, PulseChain, and PulseX—have surged in value, with HEX leading the rally with a nearly 80% gain.
Judge Rules Against SEC in Richard Heart CaseOn February 28, the US District Court for the Eastern District of New York ruled in favor of Richard Schueler, widely known as Richard Heart, dismissing the SEC’s lawsuit against him.
The agency had accused Heart of conducting an unregistered securities offering, alleging that he raised over $1 billion in cryptocurrency assets.
It also claimed that Heart and his blockchain project, PulseChain, misappropriated at least $12 million for luxury purchases, including high-end cars, watches, and a rare black diamond.
Heart resisted these claims, arguing that the SEC lacked jurisdiction over his activities. He maintained that the regulator failed to prove that his actions specifically targeted US investors or violated domestic securities laws.
US District Judge Carol Bagley Amon sided with Heart, stating that the SEC did not establish a sufficient legal basis for its case.
The judge also found that Heart’s marketing efforts were globally available and not specifically directed at US investors. The SEC had claimed Heart extensively promoted his projects through websites and social media.
However, the court determined that simply providing information online does not constitute sufficient grounds for jurisdiction.
“Heart did not directly message US-based investors or respond to questions through his websites. Rather, Heart disseminated ‘how to’ information, which alone is not sufficient. Accordingly, Heart’s website contacts simply provided globally available information and lack sufficient interactivity to constitute a significant contact,” Judge Amon wrote.
Additionally, the judge ruled that the SEC failed to demonstrate that Heart’s alleged misconduct, including misappropriation of funds and deceptive transactions, took place within the US.
“The alleged misappropriation occurred through digital wallets and crypto asset platforms, none of which were alleged to have any connection with the United States,” the Judge ruled.
Meanwhile, the ruling also determined that even if the SEC had proven jurisdiction, its complaint lacked substantial evidence of domestic securities law violations. As a result, the case was dismissed.
“Even if the SEC had established personal jurisdiction over Heart, the Complaint cannot stand because it fails to adequately plead that either the transactions or conduct at issue were domestic under the federal securities laws,” Judge Amon stated.
HEX and PulseChain Surge Following Legal VictoryReacting to the court’s decision, Heart described the ruling as a rare victory for the cryptocurrency industry.
He emphasized that HEX, PulseChain, and PulseX should be allowed to operate freely, stating that HEX has functioned without issue for over five years.
“This type of victory over the SEC is quite rare. PulseChain, PulseX and HEX are not securities and should be allowed to flourish. HEX has operated flawlessly for over 5 years. Today’s decision in favor of a cryptocurrency founder and his projects over the SEC brings welcome relief and opportunity to all cryptocurrencies,” Heart stated.
HEX Price Surge After SEC’s Legal Defeat. Source: GeckoTerminalFollowing the decision, the tokens linked to Heart experienced massive price gains.
According to CoinGecko data, HEX gained over 77% in the past 24 hours, trading at $0.003979. Meanwhile, PulseChain rose more than 65% to approximately $0.01575 at press time.
Today’s edition of the weekly recap covers a legal setback in the Heart case, an upcoming White House crypto summit, and the Trump family’s planned metaverse expansion. Meanwhile, MetaMask adds Bitcoin and Solana support.
Judge dismisses case against HEX founder U.S. District Judge Carol Bagley Amon has dismissed the SEC’s lawsuit against Hex founder Richard Heart. Heart, who also founded PulseChain and Pulsex, was accused of raising over $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to purchase luxuries (i.e. the largest black diamond). The judge ruled that there was insufficient connection between Heart’s alleged conduct and the U.S. Heart, a U.S. citizen, resides in Finland, where he was accused of tax evasion and assault. Trump to host White House crypto summit President Donald Trump will host a cryptocurrency summit on March 7, featuring industry leaders and administration officials. The event will be coordinated by crypto and AI czar David Sacks and Bo Hines, executive director of the digital assets working group. Trump family explores metaverse A recent trademark application shows the Trump (TRUMP) family’s intention to develop a TRUMP-branded metaverse. This expands their cryptocurrency ventures beyond meme coins and NFTs. The U.S. Patent and Trademark Office filing was submitted on an “intent to use” basis. MetaMask plans Bitcoin and Solana integration The popular cryptocurrency wallet will add native support for Bitcoin (BTC) and Solana (SOL) ecosystems this year. This will eliminate the need for users to manage multiple wallets or use wrapped tokens. Full Bitcoin support is scheduled for the third quarter of 2025, while Solana integration is targeted for May. Bybit hackers move stolen funds to Bitcoin MetaMask Head of Security Taylor Monahan reported that Bybit hackers have transferred at least 209,384 Ethereum (ETH) (approximately $480 million) to Bitcoin. This is more than half of the estimated 400,000 ETH stolen from the exchange. According to Arkham Intelligence tracking, at least $240 million was laundered using THORchain, with most funds converted to native BTC. North Korea’s Lazarus Group moved another 62,200 ETH ($138 million) on March 1. This leaves them with just 156,500 Ethereum remaining from the original theft, according to an analysis by crypto researcher EmberCN. SEC agrees to drop Consensys lawsuit The SEC agreed to dismiss its lawsuit against Consensys, the developer of MetaMask, which had alleged securities law violations. According to Ethereum co-founder and Consensys founder Joseph Lubin, the SEC will file a motion to end the case. In another development, the SEC formally filed to dismiss its case against Coinbase with prejudice on Thursday, confirming the agreement announced last week and ensuring the case cannot be refiled. BitMEX seeks deal The cryptocurrency exchange and derivatives trading platform co-founded by Arthur Hayes in 2014 is exploring potential buyers. BitMEX has faced regulatory challenges since 2020, when it was charged with failing to implement adequate anti-money laundering measures, eventually pleading guilty. Metaplanet seeks additional Bitcoin acquisition funding The Japanese firm is looking to raise 2 billion yen ($13.6 million) through zero-interest ordinary bonds, with proceeds set aside for additional Bitcoin purchases. SEC and Tron request case pause The SEC, the Tron (TRX) Foundation, and Justin Sun filed a joint motion Wednesday asking a federal judge to temporarily halt the regulator’s ongoing legal action. The regulator had initially sued Tron, Sun, and BitTorrent in July 2023, alleging market manipulation, fraud, and issuing unregistered securities. ZachXBT joins Paradigm as security advisor The pseudonymous blockchain investigator has taken a position with research-driven investment firm Paradigm as an incident response advisor to support their portfolio companies. Paradigm cofounder Matt Huang praised ZachXBT’s accomplishments, noting the investigator has helped recover over $350 million for victims of hacks and scams. SEC drops Uniswap investigation The SEC has terminated its investigation into Uniswap Labs, the company behind the decentralized exchange protocol, according to Tuesday’s announcement. Uniswap had received a Wells notice last April indicating the SEC’s intent to bring charges for allegedly operating as an unregistered securities broker and exchange. Strive CEO urges GameStop to adopt Bitcoin reserves Matt Cole, CEO of Strive Asset Management, has formally requested that GameStop consider adopting Bitcoin as a reserve asset. The letter to Chairman and CEO Ryan Cohen suggests Bitcoin adoption could position GameStop as a market leader. Sam Bankman-Fried breaks X silence The former FTX CEO posted publicly for the first time in two years. His Monday evening posts addressed the challenges of firing employees, suggesting terminations often result from company-role mismatches rather than employee shortcomings. OKX affiliate reaches $505 million DOJ settlement Cryptocurrency exchange OKX’s affiliate Aux Cayes FinTech Co. Ltd has agreed to pay over $505 million in penalties after pleading guilty to serving U.S. customers without proper licensing and failing to follow anti-money laundering regulations. The settlement includes a $420.3 million criminal forfeiture and an $84.4 million criminal fine. Strategy completes nearly $2 billion Bitcoin purchase The company formerly known as MicroStrategy has acquired 20,355 Bitcoin at an average price of $97,514 per coin. This marks a total investment of almost $2 billion. Zhao reveals 98.48% portfolio concentration in BNB Binance founder Changpeng Zhao disclosed his cryptocurrency holdings on Binance’s social platform, revealing that BNB (BNB) comprises 98.48% of his portfolio. His remaining assets include a modest 1.32% allocation to Bitcoin, followed by smaller positions in stablecoins EURI (0.17%) and USDT (0.03%). Pump.fun explores automated market maker development The popular Solana-based meme coin launchpad is reportedly testing an in-house automated market maker (AMM) that could replace Raydium as the default decentralized exchange for new tokens.
The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Kraken, marking a major reversal in its approach to crypto enforcement.
This decision comes amid a broader shift. In the past week, the SEC dropped at least six lawsuits and legal actions against crypto firms, including Coinbase and MetaMask.
SEC Vs. Kraken is Finally OverThe lawsuit against Kraken, filed in November 2023, accused the exchange of operating as an unregistered securities exchange, broker, dealer, and clearing agency.
The SEC claimed that Kraken allowed the trading of crypto asset securities without proper registration, depriving investors of necessary protections such as audits, disclosures, and oversight.
Kraken denied the allegations and argued that the SEC had failed to establish clear guidelines on whether digital assets should be classified as securities.
The exchange filed a motion to dismiss the case, citing regulatory uncertainty and a lack of fair notice. A federal judge allowed parts of Kraken’s defense to proceed, but the SEC continued to press its claims.
“The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory — it’s a turning point for the future of crypto in the US It ends a wasteful, politically motivated campaign, lifts uncertainty that stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime,” Kraken wrote in its official statement.
The agency’s decision to drop the lawsuit reflects a changing stance on crypto enforcement. Over the past week, it has quietly withdrawn multiple legal actions against major crypto companies.
No More Crypto Enforcement from the SECIn addition to Coinbase and Kraken, the Commission has dropped its probe into Gemini, MetaMask, OpenSea, Tron Foundation, Robinhood, and others. The regulator also saw defeat in a particular crypto case that it actually wanted to pursue.
Over the weekend, the SEC lost a major case against Richard Heart, the founder of HEX and PulseChain.
This shift follows increasing pressure from lawmakers and industry leaders who have criticized the SEC’s aggressive regulatory approach. Although its current Commissioner is against dismissing these legal proceedings, it seems like the organization will no longer pursue aggressive enforcement.
“We beat the SEC! Congratulations to the best legal team in crypto. Fighting – and beating – the SEC was not foretold. Lawyers, lobbyists and everyone in between… We had to earn it,” wrote Marco Santori, Senior Advisor at Kraken.
Kraken’s victory may set a precedent for other crypto firms facing similar lawsuits. The decision to drop these cases signals a possible recalibration of the SEC’s strategy, raising questions about how crypto regulation will evolve in the coming months.
As of now, the Ripple XRP lawsuit is the only major crypto case still active for the Commission. However, given that Donald Trump has included XRP in his US crypto reserve plan, this lawsuit will likely be dropped in the same manner.
Richard Heart, the founder of HEX and PulseChain, allegedly transferred another 11,500 ETH to a new address.
PANews reported on October 26 that according to monitoring by on-chain analyst Aunt Ai, Richard Heart (founder of HEX and PulseChain) transferred another 11,500 ETH to a new address 15 minutes ago and began transferring it to Tornado Cash in batches. Currently, the receiving address has transferred 7,300 ETH, worth US$29.56 million.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
Popular Articles
Industry News
Market Trends
Curated Readings
Subscribe
A-shares close: ChiNext rebounds with volume up 2.84%, over 4200 stocks decline across the market
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
4 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
4 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
4 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
4 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Richard Heart has transferred a total of 30,066 ETH, equivalent to approximately $125 million, to a new wallet.
PANews reported on October 27th that, according to Onchain Lens monitoring, Richard Heart (founder of HEX and PulseChain) has transferred a total of 30,066 ETH (worth $125.09 million) to a new wallet. Of this, 29,804 ETH (worth $124 million) was transferred via TornadoCash.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
Popular Articles
Industry News
Market Trends
Curated Readings
Subscribe
A-shares close: ChiNext rebounds with volume up 2.84%, over 4200 stocks decline across the market
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
4 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
4 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
4 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
4 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
The founder of HEX is suspected of transferring another 47,000 ETH to Tornado Cash, worth over $150 million.
PANews reported on November 5th that, according to AiYi, Richard Heart, the founder of HEX and PulseChain, has again transferred 47,200 ETH (approximately $151 million) to the mixing protocol Tornado Cash through four addresses. These addresses currently hold approximately 63,423 ETH, worth about $204 million.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
Popular Articles
Industry News
Market Trends
Curated Readings
Subscribe
A-shares close: ChiNext rebounds with volume up 2.84%, over 4200 stocks decline across the market
PANews reported on November 7th that, according to Lookonchain, three new addresses withdrew 4,920 ETH (approximately $16.25 million) from Tornado.Cash and sold it at a price of approximately $3,302. Lookonchain stated that Richard Heart (founder of HEX, PulseChain, and PulseX) purchased 162,937 ETH (approximately $619 million) this year at approximately $3,800 and deposited it all into Tornado.Cash two days ago; it is currently unclear whether the aforementioned sell-off is related to him or was the work of a hacker.
Binance.US and an affiliated cryptocurrency website are off the hook, for now, in a proposed class action alleging they suppressed the ranking of a digital asset that could hurt their business.
The companies were back in the US District Court for the District of Arizona after they failed to get US Supreme Court review of their jurisdictional arguments for dismissal. District court judge Susan M. Brnovich agreed with their new argument that the HEX token holder leading the suit, Ryan Cox, failed to state a claim.
Brnovich gave Cox a chance to refile his suit, which targets two entities associated ...
Learn more about Bloomberg Law or Log In to keep reading: See Breaking News in Context Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber? Log in to keep reading or access research tools and resources.
PANews reported on January 14th that, according to SoSoValue data, the cryptocurrency market saw a general rebound after a period of correction, with most sectors rising by approximately 3% to 8% in the past 24 hours. The NFT sector led the gains with an 8.34% increase, with Pudgy Penguins (PENGU) rising 13.36% and ApeCoin (APE) rising 13.17%. Additionally, Bitcoin (BTC) rose 4.34%, surpassing $95,000, and Ethereum (ETH) rose 7.40%, surpassing $3,300.
In other sectors, the Meme sector rose 7.31% in the last 24 hours, with Pepe (PEPE) surging 16.06%; the RWA sector rose 6.95%, with Keeta (KTA) rising 16.69%; the Layer 2 sector rose 6.92%, with Optimism (OP) rising 17.21%; the DeFi sector rose 6.73%, with Ethena (ENA) rising 13.06%; the PayFi sector rose 5.35%, with Dash (DASH) rising 42.84%; the Layer 1 sector rose 4.99%, with Polkadot (DOT) rising 9.48%; and the CeFi sector rose 4.55%, with Binance Coin (BNB) rising 4.81%.
ApeChain has evolved from an ecosystem experiment into exchange‑grade infrastructure. With Binance expanding native integrations, user access has become significantly smoother and less restrictive.
Consequently, ApeCoin [APE] faces its first real test beyond NFTs. This test will determine whether new liquidity converts into sustained on-chain usage rather than speculative flow.
ApeCoin’s on-chain activity points to structural stagnation rather than volatility.
At press time, the Daily Active Addresses remained range-bound around 10,100–10,700, while transaction counts stabilized near 71,400 per day, keeping TPS below 1.
As a result, usage looks consistent but shallow. Moreover, the daily fees of roughly $145 highlight limited economic intensity despite steady transaction flow.
Source: DefiLlama Activity surged at launch in late 2024, when active addresses briefly exceeded 50,000, and TVL peaked near $34 million. However, momentum faded through 2025 as speculative interest cooled and capital rotated elsewhere.
Due to this, TVL has since fallen over 80% to roughly $4.5–5.7 million, while DEX volumes now average around over $50,000 daily.
Meanwhile, new address creation sat near 343 per day, at press time, signaling slow organic inflow rather than renewal.
Therefore, revival hinges on non-NFT dApps, deeper liquidity, and renewed Ape ecosystem demand, not further infrastructure upgrades alone.
ApeCoin moves beyond its regulatory shadow Regulatory risk once dominated ApeCoin’s narrative, but that overhang has largely cleared.
In October 2022, the SEC opened its investigation into Yuga Labs, spooked by speculative NFT pricing, token-linked incentives, and concerns that ApeCoin and BAYC NFTs resembled securities.
As a result, uncertainty weighed on adoption and capital commitment. However, conditions shifted in March 2025 when the SEC closed the probe without enforcement.
Then, in October 2025, a federal court ruled that ApeCoin [APE] and BAYC NFTs failed the Howey Test, removing structural legal risk.
By that point, on-chain activity had already stalled, with ApeChain TVL down over 80% from roughly $34 million to near $5 million.
Now, Binance’s ApeChain integration reframes the narrative. After resolving its own regulatory disputes, Binance’s involvement signals renewed institutional confidence.
Hence, regulatory clarity now supports execution-focused growth rather than suppressing it.
Whale and Exchange Flows reflect fading conviction Exchange activity around ApeCoin reveals reaction, not conviction.
Following ApeChain’s October 2024 launch, exchange inflows and outflows spiked sharply as APE rallied nearly 100%, indicating short-term positioning rather than durable accumulation.
Source: Santiment Soon after, flows normalized, signaling that liquidity was exiting as quickly as it entered. Meanwhile, whale transactions above $100,000 surged during the launch window, then stalled as prices rolled over.
Wallets holding 1–10 million APE declined from 175 to 166, confirming early distribution instead of strategic buildup.
Source: Santiment As 2025 progressed, new holder growth slowed from roughly 54,000 in late 2024 to about 15,000 in Q2 2025, reinforcing fading demand.
Into early 2026, exchange flows remain episodic and non-directional, while whales stay sidelined.
As a result, ApeCoin’s weakness suppresses ApeChain momentum, keeping the ecosystem niche until conviction-driven capital returns.
Final Thoughts ApeChain’s exchange-grade integration removes access friction and regulatory drag, but ApeCoin now faces a usage test it has yet to pass beyond NFT-led liquidity.
On-chain stability masks structural weakness as shallow fees, falling TVL, and sidelined whales signal liquidity without conviction or durable demand.
PANews reported on February 12th that, according to SoSoValue data, the overall cryptocurrency market is trending downwards. Bitcoin (BTC) fell 1.97%, dropping below $68,000; Ethereum (ETH) fell 2.83%, dropping below $2,000. Only the NFT, SocialFi, and Layer 2 sectors remained relatively resilient, rising 1.40%, 0.53%, and 0.04% respectively in the past 24 hours. Within the NFT sector, ApeCoin (APE) rose 1.30%; within the SocialFi sector, Toncoin (TON) rose 0.68%; and within the Layer 2 sector, zkSync (ZK) rose 4.38%.
In other sectors, the Meme sector fell 0.29% in the last 24 hours, but PIPPIN (PIPPIN) surged 33.94%; the Layer 1 sector fell 1.35%, while Zcash (ZEC) remained relatively strong, rising 2.41%; the CeFi sector fell 1.46%, while Aster (ASTER) surged 8.90% intraday; the DeFi sector fell 1.71%, while Hyperliquid (HYPE) bucked the trend, rising 4.08%; and the PayFi sector fell 1.88%, while eCash (XEC) rose 4.11%.
PANews reported on April 3rd that, according to SoSoValue data, the cryptocurrency market generally saw a pullback. The NFT sector fell 3.85% in the last 24 hours. Within the sector, Pudgy APENFT (NFT) fell 0.58%, Penguins (PENGU) fell 2.13%, and ApeCoin (APE) fell 5.24%. Meanwhile, Bitcoin (BTC) fell 1.06%, dropping below $67,000. Ethereum (ETH) fell 2.52%, fluctuating narrowly around $2,000.
In other sectors, the Meme sector fell 0.04% in the last 24 hours, with MemeCore (M) showing relative strength, rising 4.28%; the PayFi sector fell 1.16%, and Dash (DASH) fell 4.01%; the Layer 1 sector fell 1.45%, with Algorand (ALGO) bucking the trend and rising 7.61%; the Layer 2 sector fell 1.88%, but Polygon (POL) rose 0.66%; the DeFi sector fell 2.11%, with EdgeX (EDGE) surging 13.38% intraday; the CeFi sector fell 1.65%, and Binance Coin (BNB) fell 3.34%.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
4 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
4 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
4 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
4 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
ApeCoin [APE] broke out of a multi-month descending channel and touched a six-month high of $0.28, then retraced.
As of this writing, ApeCoin traded at $0.20, up 90% on the daily charts. Over the same period, the altcoin’s trading volume rose 6031% and crossed the $1 billion mark, while the market cap rose to $152 million.
But what’s driving the altcoin’s upward momentum?
ApeCoin whale takes $2.27 million ApeCoin rose, largely driven by whale activity. However, on-chain monitors have suggested possible insider trading activity.
According to Onchain Lens, a possible APE insider placed two orders (long and short) and made over $2.27 million, a 14x return. The insider deposited 75 ETH, worth $174K, to open long and short positions.
According to Lookonchain, the insider went long APE before the surge and closed near the top, resulting in a $1.79 million profit. He then immediately flipped short and made another $488K.
Futures activity hits ATH, liquidation exceeds $82 million With the whale turning to speculative trading, the altcoin experienced increased demand for futures positions.
According to CoinGlass data, Open Interest rose 228% to $119 million, while derivatives volume surged 6460% to $2.9 billion.
Source: CoinGlass Such a surge in both OI and volume suggested increased participation in the Futures market, with traders taking both short and long positions.
In fact, the Long/Short Ratio remained above 1 across OKX and Binance. However, the overall ratio remained below 1 at 0.95, suggesting higher demand for short positions.
Interestingly, with the demand for these positions and increased price volatility, the market experienced massive liquidations.
Source: Coinglass CoinGlass data showed that the altcoin recorded $82.69 million in total liquidation. Long positions worth $45.6 million and short positions worth $37.08 million were liquidated.
Profit-taking hits a 6-month high While the activity was largely recorded on the Futures side, the price uptick brought about increased profit realization.
As ApeCoin jumped to October levels, holders who have remained active through the past months chose to cash out. On the 24th of April, Spot netflow rose to $3.18 million, then dropped to $1.3 million at press time.
Source: CoinGlass A positive netflow suggests that sellers have largely dominated the market. Often, increased selling activity has strengthened downside risk, leading to lower prices.
Despite the selling spree, ApeCoin’s Relative Strength Index (RSI) remained elevated and sat at 88 at press time. RSI levels suggested that buyers remained strongly active in the market and are eyeing another upside move.
Source: Tradingview If demand holds even with sellers cashing out, APE will hold $0.2 support and flip the EMA 200 at $0.23. However, if the speculation fades and sellers continue to cash out, the altcoin will drop to $0.13, with $0.11 as critical support.
Final Summary An ApeCoin whale realized $2.27 million in profit, making a 14x return amid insider trading claims. APE surged 90% to a six-month high of $0.28, then retraced to $0.20 at press time.
ApeCoin [APE] was one of the hot altcoins in the crypto market in the past 24 hours. It has ralled 22% in 24 hours, and its Open Interest [OI] was up by nearly 40% in a day.
The daily trading volume has surged by 230%, according to CoinMarketCap data.
An AMBCrypto report had covered its swift gains a few days ago.
On Friday, the 24th of April, APE rallied by 174.4% within 20 hours. The move spanned from $0.101 to $0.278. Since making this local peak, APE retraced 50.3% over the weekend to reach the $0.138 support on Monday, the 27th of April.
The high volatility could have been engineered, social media posts speculated.
Driven largely by whale activity, AMBCrypto pointed to how a possible APE insider made $2.27 million by going long before the surge, then switching to a short position to catch the retracement.
The race to profit from the APE rally In recent weeks, the tough market conditions have primed more traders to chase speculative pumps, hoping to make easy money by riding the move higher. The derivatives data showed that APE’s weekend retracement did not dissuade traders from chasing the current move.
CoinGlass data showed that ApeCoin’s daily perpetuals volume was $604 million, up 265.6% from the previous day. The top trader long/short ratio was at 1.375, meaning whales and big traders preferred to remain long.
Source: APE/USDT on TradingView These top traders might be on to something. From a structural standpoint, APE has a bullish outlook on the 1-day chart. The break (orange) came on Friday, the 17th of April.
Since then, the $0.1378 high has also been taken out and retested as support. The momentum does not show a divergence on this timeframe, and the explosive OBV reflected the spot trading volume in recent days.
Source: APE/USDT on TradingView Despite the possible insider trading and the negative implications for the rally from that possibility, traders can maintain a bullish outlook. The technicals and price action support it.
The retest of $0.1368, the 78.6% retracement level of last week’s rally, has yielded a bullish reaction. As things stand, the $0.278 and $0.320 levels are the next bullish targets.
A drop below $0.136 would be a warning to the bulls, while a plunge below $0.0984 will invalidate this idea.
Final Summary ApeCoin has a bullish outlook on the price charts after its explosive move past local highs last Friday. High speculative interest could introduce increased volatility and liquidity hunts in the short-term, but the uptrend remains intact for now.
A sudden surge has gripped the cryptocurrency market, with ApeCoin emerging at the forefront. The prominent gaming and metaverse token soared over 100 percent in value within a single day, drawing intense investor attention. Industry analysts are pointing to significant management changes at Yuga Labs, the developer behind ApeCoin, as the main driver of this rapid rally.
Gaming tokens outperform BTCApeCoin’s sharp move has ignited a wave of momentum across the entire gaming token sector. Data from the past 30 days reveal that roughly 80 percent of game-focused assets have outpaced the performance of Bitcoin. Notably, projects such as Immutable and The Sandbox have seen strong inflows and heightened investor engagement, highlighting the expanding activity within this segment.
Reviewing sector performance indexes confirms that the total price increase across gaming tokens has reached 80 percent. This trend indicates that investor interest is rapidly shifting toward gaming-themed projects, fueling their ongoing ascent.
The story behind the ApeCoin rallyApeCoin’s dramatic price rise is not solely a product of speculation. The management reshuffle at Yuga Labs appears to have strengthened the asset’s long-term prospects. Communities active in both NFTs and the metaverse now believe that the fresh leadership could deliver a new vision and positive momentum for the project.
According to market observers, the leadership changes at Yuga Labs have triggered significant expectations among investors, directly propelling ApeCoin’s rally. The expanding momentum throughout the sector is also providing extra support for the token.
Both technical and fundamental factors continue to fuel the market’s activity. The upward movement in most gaming and metaverse-linked tokens suggests that ApeCoin’s surge is part of a broader trend rather than an isolated event.
Technical perspective: warning signs and thresholdsTechnical indicators now show ApeCoin forming a higher high on its price charts for the first time, considered a classic bullish signal. However, after such a steep climb, some analysts are anticipating a short-term correction. The $0.25 mark has emerged as a critical resistance level; if ApeCoin can sustain a break above this threshold, the bullish trend could gather even more strength.
If the next market correction results in a higher low, it would further confirm the existing uptrend. A breakout from this level could open the door for another round of gains. Observers recommend closely monitoring broader sector movements during these volatile phases.
Sector-wide momentum shapes ApeCoin’s outlookWhile ApeCoin’s own surge is noteworthy, it reflects a larger wave sweeping through the gaming sector. The fact that most game-themed digital assets are outperforming Bitcoin suggests that ApeCoin is riding a powerful industry-wide momentum. Nonetheless, it remains to be seen whether its long-term trajectory will depend more on sector dynamics or on the project’s own fundamental developments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
4 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
4 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
4 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
4 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
PANews reported on May 14th that, according to SoSoValue data, the cryptocurrency market generally saw a correction, with the NFT sector leading the decline at 3.95% in the past 24 hours. Within the sector, Audiera (BEAT) rose 6.27%, while ApeCoin (APE) fell 4.64%. Additionally, Bitcoin (BTC) fell 1.93%, dropping below $80,000; Ethereum (ETH) fell 1.23%, dropping below $2,300.
In other sectors, the Meme sector fell 0.25% in the last 24 hours, with TROLL (TROLL) showing relative strength, rising 24.93%; the CeFi sector fell 0.60%, with Cronos (CRO) falling 5.54%; the PayFi sector fell 1.69%, with Dash (DASH) falling 6.84%; the Layer 1 sector fell 2.15%, but Canton Network (CC) rose 1.45%; the DeFi sector fell 3.16%, with LAB (LAB) surging 22.84%; the AI sector fell 3.57%, with Unibase (UB) surging 32.63% intraday; and the Layer 2 sector fell 3.60%, with zkSync (ZK) falling 8.37%.
PANews reported on May 29th that Michael Figge, CEO of Yuga Labs, announced on the X platform that the team will be making some adjustments to ApeCoin. Previously, Yuga Labs and ApeCo operated in a parallel coordination model due to regulatory ambiguity, leading to inefficiency. With the changing regulatory environment, the team has decided to simplify the structure and eliminate the independent ApeCo head role. Cam, the head of ApeCo, will be leaving. The core ApeChain technology and BD team will work directly with Yuga Labs, and other members will also be leaving. The transition will be completed on June 5th.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
4 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
4 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
4 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
4 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
4 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
ApeCoin [APE] is up by about 11% in the past 24 hours, outperforming a nearly flat broader crypto market. Different altcoin sectors are gradually returning to last week’s positive gains after retracing for the last three days.
However, the crypto market remains quiet, an alarming signal to the continuation of APE’s rally.
ApeCoin bounces off 80% Fib level In the last two weeks of April, ApeCoin rallied by more than 184%, reaching a value of $0.2786. Consequently, a massive correction that lasted for more than a month followed. This correction pulled back about 80% of the aforementioned rally.
The MACD bars show that bulls’ strength is increasing, though in the current session it has slowed down. The Choppiness Index (CHOP) at 40 is supporting a potential uptrend.
The upper resistance of the descending channel runs from $0.1903 to $0.1300. To stay bullish, APE bulls need to keep the altcoin above $0.13, and it’s currently approaching it for a retest.
Source: APE/USDT on TradingView Failure to do so may render the breakout invalid. That would see APE drop back to the channel. On the flip side, it may trade back to April highs of $0.2786 or higher.
Volume and transactions surge Among the key drivers of this rally was the spike in speculative capital. GameFi tokens like Virtuals Protocol [VIRTUAL] recorded double-digit gains in the past two days, with APE among them.
In fact, the daily trading volume jumped by about 145%, reaching $51 million. Moreover, liquidity was present, evident from a turnover ratio of 36.94%.
Moreover, the number of daily transfer amounts has been rising over the past five days. This means an increase from 6.027 million APE to 23.468 million tokens, with a total transfer count of 8,074 during this period.
Source: Etherscan These factors show strength not only in Apecoin but also in the broader GameFi sector.
Impact of mixed trader activity However, there is mixed trader activity from both retailers and whales, according to Nansen AI.
Thousands of APE tokens are being sold while others are being bought. For instance, two users moved 7,612 APE and 11,889 APE to Binance from Kraken.
Some APE tokens are being transferred to liquidity pools and staking, which is bullish for the coin.
Source: Ethereum Browser Altogether, trader activity was mixed but leaning on the bullish side. Hence, watching how the altcoin’s price reacts around $0.13 would determine the next leg up or down.
Final Summary ApeCoin surged 11% in the past 24 hours, driven by a revival in the GameFi sector over the last two days, along with a spike in trading volume and increased transactions. APE’s breakout would only hold if the altcoin stayed above $0.13; otherwise, it becomes invalid.
PANews reported on June 12th that, according to SoSoValue data, the cryptocurrency market rebounded across the board, rising 2% to 15% in the past 24 hours. The NFT sector performed particularly well, rising 15.04%, with Audiera (BEAT) up 17.25% and ApeCoin (APE) up 8.68%. Meanwhile, Bitcoin (BTC) rose 1.90%, breaking through $63,000; Ethereum (ETH) rose 1.32%, breaking through $1,600.
In other sectors, the AI sector rose 7.01% in the last 24 hours, with Velvet (VELVET) surging 83.37%; the DeFi sector rose 5.21%, with LAB (LAB) rising 21.89%; the PayFi sector rose 3.56%, with Monero (XMR) rising 21.65%; the Layer 2 sector rose 2.19%, with Arbitrum (ARB) rising 5.60%; the Layer 1 sector rose 1.83%, with NEAR Protocol (NEAR) rising 5.21%; the CeFi sector rose 1.40%, with Gate (GT) rising 2.20%; and the Meme sector rose 0.98%, with BUILDon (B) rising 8.15%.
Big news for the Voxie Tactics community, as AlwaysGeeky Games formally announces the collaboration with Immutable, which introduces the popular turn-based strategy to the Immutable Play meta.
Voxie Tactics Unveils Strategic Collab with Immutable 📰
AlwaysGeeky Games has confirmed a new partnership with Immutable, bringing @VoxieTactics into Immutable Play. Players can now complete quests, earn leaderboard ranks, and unlock blockchain-powered rewards
Read more 🧵 pic.twitter.com/tKF2VYbGLB
— PlayToEarn (@PlayToEarn) November 24, 2025 It incorporates blockchain-based hunts, rotating leaderboards, and opportunities to earn rewards into the game. It is a huge leap towards player-driven growth because the studio is establishing more interaction in terms of earning opportunities and reward programs.
AlwaysGeeky Games writes that the feature is already operational and driven by the blockchain tooling created by Immutable, so the players can now access new competition structures and new avenues of winning exclusive prizes.
Partnership Opens New Ways for Players to Compete and Earn With Immutable Play, Voxie Tactics players now have the ability to finish quests and take part in seasonal leaderboard contests that offer performance incentives across matches and in-game challenges.
The system enables the players to gain status on the open leaderboards and get rewards for success because of the consistency of the gameplay. Participation is now being given equal returns, whether it be tournament places or daily quests finished or multiplayer accomplishments.
To the community, this change constitutes a significant change to the advances of recognizing progression. The new system is based on the activity of the players, their skills, and dedication as opposed to rewards that are grounded in the traditional in-game purchases. This offers the casual players as well as competitive users more chances to succeed.
The collaboration comes at a time when Voxie Tactics is still enjoying new growth since its mobile launch in August, introducing the title to mobile platforms (Android and iOS) with all cross-play functionalities and PC.
Advantages of the Partnership to the Game and Its Community The fact that the collaboration enhances the ecosystem surrounding Voxie Tactics and makes long-term engagement even more valuable comes to be listed as one of the most significant consequences of the cooperation.
With the usage of Immutable blockchain tools, the game has provided transparent, secure, and gameplay achievement-based reward distribution. Gamers will be able to earn blockchain-Deutschland items, progression rewards, and real-time ranking movement.
Also, Voxie Tactics is situated in a multi-game ecosystem where tools, technology, and visibility are shared by being part of Immutable Play. Additional Polygon-based games will be added to the hub within the next few months and can widen the competitive nature and allow all communities to become aware of it.
This update is a continuation of the presence of the Polygon Gaming hub in Immutable Play, which launched five web3 games in October with built-in leaderboards, quests, and a common dish of 100,000 dollars that could be taken by participants. Voxie Tactics has become the addition to that list as the ecosystem is speeding up its multi-title expansion.
The CEO of AlwaysGeeky Games, Steven Ball, mentioned the partnership as a celebration of the huge number of players who have been loyal to their game and said that now they can play, collect, and earn recognition for their activity using Immutable Play.
Strengthening the Game with Competitive Depth and New Content The partnership will further give momentum to the recent development updates within Voxie Tactics, such as the launch of Titan Arena in the first half of 2025.
Titan Arena uses pre-built characters, and their gear is uniform to make everyone have the same loadout, making the only focus of the game be the skill factor instead of having better inventory. Voxite is earned in the form of Gold Voxites, whereby winners of such battles can exchange it to get VOXEL tokens.
The game is on the largest stage ever, with quests, leaderboards, seasonal competitions, and rewards that are powered by blockchain in place.
With the further expansion of the player base and the addition of more titles to Immutable Play, the integration outlines Voxie Tactics to promote the growth of interaction and rivalry within a variety of platforms.The collaboration marks a breaking point towards strategy-based gaming in web3 and transforms the manner in which gamers gain, compete, and receive credit based on the gameplay.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
The rare earth industry has spent years circling the same problem. Minerals move through too many borders, too many processors, and too many chemical transformations to maintain a trustworthy origin story. By the time a rare earth oxide becomes a magnet or an alloy, the truth behind it has been diluted by paperwork, assumptions, and gaps no one can independently verify. SMX (NASDAQ:SMX) introduced a different path. It placed identity inside the material itself, embedding a molecular signature that survives every physical and chemical stage from mined ore to final component.
That capability is arriving at a time when global supply chains can no longer rely on declarations, affidavits or third-party attestations. China still dominates the refining stages that turn ores into usable elements, creating a bottleneck where visibility breaks down, and provenance gets blurred. SMX cuts straight through that blind spot. It gives rare earths a memory, a way to carry their origin through crushing, separation, calcination, and purification without losing the truth in the transition.
The shift is bigger than science. It is an architectural change to how strategic materials are validated. For decades, rare earths have been essential to modern industry, yet the world has never had a verification system that followed the material itself. Everyone relied on forms, not facts. SMX rewrote that relationship by creating a signal that cannot be washed away or substituted. It gives manufacturers and governments what they have never had before, a permanent method to confirm authenticity without depending on unverifiable claims.
The Global Scramble for Traceable Critical Minerals
Nations are now racing to secure critical minerals for electric vehicles, renewable energy, defense systems, and semiconductor production. Those plans fall apart if the inputs cannot prove their identity. The old model of tracing rare earths through customs documents and shipping logs collapses as soon as concentrates cross borders or enter a processing facility. Chemical profiles lose meaning once material goes through separation. Digital tracking breaks when elements dissolve. Supply chains built for the 1980s cannot support the industrial needs of the 2030s.
This is why the United States and Europe are rewriting their sourcing frameworks. They are discovering that strategic control means nothing without verification. A country can open new mines and invest in new refineries, but unless the incoming feedstock can defend its own truth, the system remains vulnerable. SMX closes that vulnerability. Its embedded markers survive extraction, refining, alloying, and end-use manufacturing, creating a continuous chain of identity that does not fade.
The market is beginning to treat this as a requirement rather than a competitive advantage. Auto manufacturers want magnets that come with an irrefutable origin. Defense contractors cannot risk materials without independent proof. Government-backed facilities will not process unverifiable feedstock. Investors are already pricing in the penalties for supply chain opacity. A new global standard is forming around material-level verification, and SMX is one of the few technologies capable of delivering it.
A New Power Structure in Critical Materials
Rare earth influence is shifting away from countries that merely extract or refine and toward those that can verify. Authenticity is becoming the new currency of strategic materials. SMX's molecular identity system is accelerating that shift. It transforms authenticity from a claim printed on a certificate into a characteristic embedded in the material itself. Supply chains must now reorganize around the truth that does not depend on trust.
The next decade of technological advancement hinges on this change. Electric vehicle motors only perform as reliably as the magnets inside them. Defense systems are only as secure as the alloys that support their architecture. Semiconductor technologies are only as resilient as the elements that form their substrates. When rare earths can authenticate themselves, every downstream technology becomes more stable, predictable and secure.
A new hierarchy is starting to form. Suppliers who deliver minerals with intrinsic, permanent identity will become preferred partners in high-value industries. Those who cannot verify their feedstock will fall to commodity status or be excluded from sensitive applications entirely. SMX is hastening that transformation by giving the world a way to distinguish truth from assumption. Companies that adopt this capability will define the future of the critical mineral economy. Those who resist will find themselves outpaced by a system that no longer accepts unproven materials.
About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: matters relating to the Company's fight against abusive and possibly illegal trading tactics against the Company's stock; successful launch and implementation of SMX's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in SMX's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX's ability to develop and launch new products and services, including its planned Plastic Cycle Token; SMX's ability to successfully and efficiently integrate future expansion plans and opportunities; SMX's ability to grow its business in a cost-effective manner; SMX's product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX's business model; developments and projections relating to SMX's competitors and industry; and SMX's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission.
Coinbase added six new assets to its Coinbase 50 Index, the exchange benchmark that tracks the fifty largest and most liquid digital assets by market capitalization.
Advertisement
The latest rebalancing brings Hedera, Mantle, VeChain, Immutable, Sei, and Flare into the index as these networks gain traction across decentralized finance, gaming, tokenization, and real-world asset applications.
Hedera focuses on enterprise-grade tokenization, while Mantle brings an Ethereum layer 2 approach built around modular scaling. VeChain expands the group with supply chain and asset tracking tools tied to real-world integrations.
Immutable adds gaming and NFT infrastructure on Ethereum, supporting digital ownership at scale. Sei contributes a high-performance layer 1 optimized for trading activity and fast execution. Flare rounds out the additions by enabling smart contract functionality for networks such as XRP.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
3 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
3 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
3 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
3 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
3 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
The Coinbase 50 Index adds six new projects: HBAR, MANTLE, VET, FLR, SEI, and IMX.
PANews reported on December 2nd that Coinbase will rebalance its Coinbase 50 Index (COIN50) in the fourth quarter of 2025, adding six new assets: Hedera Hashgraph (HBAR), Mantle (MANTLE), VeChain (VET), Flare (FLR), Sei (SEI), and Immutable X (IMX). This index tracks the overall performance of the top 50 investable digital assets listed on the Coinbase exchange.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
As the crypto market recovers, Immutable [IMX] has drawn fresh attention from traders. At the time of writing, IMX was up 9.50%, trading at $0.293.
This price gain is fueling expectations of further upside, supported by strong market interest. Trading volume surged 65% to $35.48 million, underscoring active participation.
The combination of rising price and volume suggests that both traders and investors are backing IMX’s current trend.
IMX price action and key level to watch AMBCrypto’s technical analysis on the daily chart shows that today’s 9.50% gain in the IMX price has successfully formed a bullish cup-and-handle pattern and is now on the verge of a breakout.
Source: TradingView Based on the current price action, if IMX’s upside momentum continues and the price breaks above the neckline at the $0.30 level, it could open the door for a further 16% rally toward $0.351 in the coming days.
IMX’s bullish thesis can only be validated if the asset clears the neckline; otherwise, history may repeat, and the price could see a reversal, as it has in the past.
At the same time, the price has already surpassed the 50-day Exponential Moving Average (EMA), with IMX hovering above it, at press time. This indicates that the asset is shifting toward a short-term uptrend and is a bullish sign for IMX holders.
However, the momentum indicator Average Directional Index (ADX), which measures trend strength, has reached 21.17, below the key threshold of 25, indicating weak directional momentum.
Are IMX traders turning bullish? Besides the price action, data from the derivatives platform CoinGlass indicates that intraday traders are following the current trend.
According to the IMX Exchange Liquidation Map, traders are heavily favoring long-leveraged positions, which continue to rise compared to short-leveraged positions.
Source: CoinGlass At press time, $0.276 on the downside and $0.30 on the upside are the two key levels attracting strong trader interest. Data shows that over the past 24 hours, traders have built $384.44K worth of long positions and $305.85K worth of short positions.
These positions and intraday trader bets indicate that short-term market sentiment is quite bullish. However, $0.30 continues to act as a strong resistance level.
Final Thoughts IMX gained 9.50%, positioning itself for a potential 16% rally, though it is currently facing resistance. Despite the bullish outlook, the technical indicator ADX suggests that IMX’s current trend remains weak, as its value is below 25.
Bullish IMX price prediction for 2026 is $0.3103 to $0.4110. Immutable (IMX) price might reach $4 soon. Bearish IMX price prediction for 2026 is $0.1546. In this Immutable (IMX) price prediction 2026, 2027-2030, we will analyze the price patterns of IMX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Immutable (IMX) Current Market StatusWhat is Immutable (IMX)?Immutable (IMX) 24H TechnicalsIMMUTABLE (IMX) PRICE PREDICTION 2026
Immutable (IMX) Support and Resistance LevelsImmutable (IMX) Price Prediction 2026 — RVOL, MA, and RSIImmutable (IMX) Price Prediction 2026 — ADX, RVIComparison of IMX with BTC, ETHIMMUTABLE (IMX) PRICE PREDICTION 2027, 2028-2030CONCLUSIONFAQ Immutable (IMX) Current Market Status Current Price $0.2354 24 – Hour Price Change 4.73% Down 24 – Hour Trading Volume $25.26M Market Cap $468.38M Circulating Supply 1.98B IMX All – Time High $9.50 (On Nov 26, 2021) All – Time Low $0.3781 (On Dec 31, 2022) (CoinGecko) IMX Current Market Status (Source: CoinMarketCap) What is Immutable (IMX) TICKERIMXBLOCKCHAINEthereum BlockchainCATEGORYLayer-2 scaling solutionLAUNCHED ONNovember 2021UTILITIESGovernance, tipping system, gas fees & rewards Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It was created to improve Ethereum’s scalability and user experience. IMX is the native token of Immutable X. It was used to pay for transaction fees and incentivize users and developers on the platform.
Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. The platform provides game developers and all NFT creators with unmatched throughput at zero gas rates for trading and mining NFTs in a carbon-neutral environment.
Immutable 24H Technicals Immutable (IMX) ranks 91 on CoinMarketCap in terms of its market capitalization. The overview of the Immutable price prediction for 2026 is explained below with a daily time frame.
IMX/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Immutable (IMX) laid out a Horizontal Channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Immutable (IMX) was recorded at $0.2368. If the pattern trend continues, then the price of IMX might reach the resistance levels of $0.259, $0.314, and $0.454. If the trend reverses, then the price of IMX may fall to the support level of $0.215.
Immutable (IMX) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Immutable (IMX) in 2026.
IMX/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Immutable (IMX) for 2026.
Resistance Level 1$0.3103Resistance Level 2$0.4110Support Level 1$0.2150Support Level 2$0.1546IMX Resistance & Support Levels Immutable (IMX) Price Prediction 2026 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Immutable (IMX), are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Immutable (IMX) market in 2026.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.262
Price = $0.244
(50MA > Price)Bearish/DowntrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions41.961
<30 = Oversold
50-70 = Neutral
>70 = OverboughtNearly OversoldRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume Immutable (IMX) Price Prediction 2026 — ADX, RVI In the below chart, we analyze the strength and volatility of Immutable (IMX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Immutable (IMX).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum11.581Weak TrendRelative Volatility Index (RVI)Volatility over a specific period44.83<50 = Low
>50 = High
Low Volatility Comparison of IMX with BTC, ETH Let us now compare the price movements of Immutable (IMX) with those of Bitcoin (BTC) and Ethereum (ETH).
BTC Vs ETH Vs IMX Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of IMX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of IMX also increases or decreases respectively.
Immutable (IMX) Price Prediction 2027, 2028 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Immutable (IMX) between 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish PriceImmutable (IMX) Price Prediction 2027$4.5$0.1Immutable (IMX) Price Prediction 2028$5$0.09Immutable (IMX) Price Prediction 2029$5.5$0.08Immutable (IMX) Price Prediction 2030$6$0.07 Conclusion If Immutable (IMX) establishes itself as a good investment in 2026, this year would be favorable to the cryptocurrency. In conclusion, the bullish Immutable (IMX) price prediction for 2026 is $0.4110. Comparatively, if unfavorable sentiment is triggered, the bearish Immutable (IMX) price prediction for 2026 is $0.1546.
If the market momentum and investors’ sentiment positively elevate, then Immutable (IMX) might hit $4. Furthermore, with future upgrades and advancements in the Immutable ecosystem, IMX might surpass its current all-time high (ATH) of $9.50 and mark its new ATH.
FAQ 1. What is Immutable (IMX)? Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It was created to improve Ethereum’s scalability and user experience.
2. Where can you purchase Immutable (IMX)? Traders can trade Immutable (IMX) on the following cryptocurrency exchanges such as OKEx, Huobi Global, Bybit, and Bitget.
3. Will Immutable (IMX) reach a new ATH soon? With the ongoing developments and upgrades within the Immutable platform, Immutable (IMX) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Immutable (IMX)? Immutable (IMX) hit its current all-time high (ATH) of $9.50 on Nov 26, 2021.
5. What is the lowest price of Immutable (IMX)? According to CoinMarketCap, IMX hit its all-time low (ATL) of $0.3781 on Dec 31, 2022.
6. Will Immutable (IMX) reach $4? If Immutable (IMX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $4 soon.
7. What will be Immutable (IMX) price by 2027? Immutable (IMX) price is expected to reach $4.5 by 2027.
8. What will be Immutable (IMX) price by 2028? Immutable (IMX) price is expected to reach $5 by 2028.
9. What will be Immutable (IMX) price by 2029? Immutable (IMX) price is expected to reach $5.5 by 2029.
10. What will be Immutable (IMX) price by 2030? Immutable (IMX) price is expected to reach $6 by 2030.
Top Crypto Predictions
Popcat (SOL) POPCAT Price Prediction
Kaspa (KAS) Price Prediction
Alchemy Pay (ACH) Price Prediction
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
The new documentary “Immutable” follows students in the Washington Urban Debate League over two years as they face challenges in their own lives and on the debate stage. In the program, students learn how to think critically, challenge their own opinions and find their voices through debate. Geoff Bennett spoke with the people connected to the film for a closer look.
Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors.
Geoff Bennett:
A new documentary called "Immutable" follows students in the Washington Urban Debate League over a two-year period as they faced challenges in their own lives and on the debate stage. In the program, students from middle school through high school learn how to think critically, challenge their own opinions and find their voices through debate.
"Immutable" starts airing tonight on many PBS stations.
I recently spoke with three people connected to the film for a closer look.
Student:
I'm saying that Asia is going to start a war if the United States...
Geoff Bennett:
The U.S. role in NATO, Social Security benefits and economic inequality, not the kind of topics you usually hear teenagers discussing, but in debate competitions, nothing is off the table.
Urban debate leagues took hold in the 1990s, opening the door to competitive debate for students in city schools.
Will Baker, Founder, New York Urban Debate League:
Imagine if for the first time -- and we use this as a hook with kids -- adults have to sit in the back of the room for an hour and 45 minutes and just listen to your ideas. That's really powerful.
Noah Millhouse, Student Debater:
That they're paying money and not receiving SSI.
Jonathan Capehart:
Noah Millhouse is one of the students featured in the documentary "Immutable." Now a high school sophomore, Millhouse started debate during COVID after his mother pushed him to give it a try.
Noah Millhouse:
I just saw it as a summer opportunity. And going into debate and starting to compete and actually win, it felt good. I liked the sport of debate. I liked the people I met. And it just felt like something I was able to adjust to and just learn new things.
Jonathan Capehart:
Millhouse is part of the Washington Urban Debate League, which helps students in D.C. area public schools hone their debate skills.
Norm Ornstein, Matthew Ornstein Memorial Foundation:
It teaches life skills. It teaches public school kids a whole host of things, how to speak in front of any audience, get your own voice, how to do research, how to write, how to sort out information from misinformation and disinformation, because this is policy debate.
And that means that every assertion you make has to be backed by a piece of evidence. And if that evidence is bogus, you're going to get caught with it.
Jonathan Capehart:
Norm Ornstein's late son Matthew was a national debate champion in high school. After Matthew died, Ornstein founded the Matthew Ornstein Foundation, which now hosts a summer debate camp for students.
Norm Ornstein:
We looked at -- for a way in which we could carry that set of missions forward and thought, let's try and bring all of this to people who don't have those resources. It's been just a rich experience for us to see what happens when you can take kids and give them the tools and the resources.
And one of the elements of this, Geoff, is that you see brilliance emerge.
Student:
Wow, interesting.
Jonathan Capehart:
Debaters have to be ready to argue either side of a topic. High school senior Sitara Mazumdar approaches it this way.
Sitara Mazumdar, Student Debater:
I think I have a coupled approach of both one of strategy and one of empathy. Even if you do not want to debate or argue a certain side, you will encounter people in real life who hold those beliefs. So it's important to kind of get in their own minds and think about how they would approach an issue and see it from their side.
And I think the second is, in terms of empathy, being able to not just understand what someone is saying, even if you disagree, but also why they say it and what experiences they might have had in their life that have led them to believe that.
Jonathan Capehart:
Along the way, students learn how to make arguments about issues that affect their own lives.
Sitara Mazumdar:
I implore you to vote affirmative. Just to reiterate, all the autistic adults are not receiving the employment services that they need, 1.9 million autistic adults.
I think really the biggest takeaway is that debate can be anything you want it to be. It is not just your standard stock image of two people yelling at each other. It's not just like an argument at the dinner table that you might have. It can really -- you can take it and use it as a platform to talk about issues that you most care about.
Amna Nawaz:
How about you, Noah?
Noah Millhouse:
I feel the same. I actually started the debate team at my middle school, at Kettering Middle School, and so I sought it to be as an experience because of what I had felt. And the experience is being able to foster a community, being able to bring others in so they can begin to understand not only what's going on in the world, because we want to care about what's going on around, but how that affects us at home.
Jonathan Capehart:
Most of all, Ornstein says he hopes that, in this politically polarized time, "Immutable" can show that civil disagreement is still possible.
Norm Ornstein:
We're at the 250th anniversary of the founding of this nation.
And spreading at a time of deep division the whole idea that you can have civil discourse, that you can argue strenuously about things, but not end up in a pitched battle,if people can come away understanding that that's possible in the society and not just while these kids are doing debates, but, more broadly, we hope that that will resonate.
Skip to content BloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
For Customers SupportAmericas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Company Communications Follow Products Industry Products Media Media Services Company Communications Follow Products Industry Products Media Media Services BloombergConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
For Customers SupportAmericas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Mar 10th, 2026
Markets Showing Immutable Laws in Action on Iran, Says BlackRock’s Wei Li
“Uncertainty does not automatically mean risk off,” says Wei Li, chief global investment strategist at BlackRock, as she examines market reaction to the Iran War.
PANews reported on April 12 that, according to Cointelegraph, U.S. Senator Cynthia Loomis has called for the swift passage of the CLARITY Act to clarify the regulatory framework for the cryptocurrency industry, stating that this is the last chance to pass the bill before 2030, otherwise the U.S. may have to wait nearly four more years to promote the development of the crypto industry.
Former White House AI and cryptocurrency czar David Sachs, SEC Chairman Paul Atkins, and others have voiced their support for the bill, while industry institutions and individuals such as A16z Crypto, Coinbase, and Immutable have also expressed their anticipation. Coinbase's Chief Legal Officer revealed that the bill may soon enter the Senate Banking Committee for review, but disagreements over stablecoin yields remain a key factor in its progress. It is understood that the bill has already passed the House of Representatives and is currently awaiting Senate review; industry concerns exist that the November midterm elections may slow the legislative process.
With a slew of large-scale exploits and social engineering attacks ravaging DeFi sentiment, ecosystem leaders are calling for a return to the core tenets of decentralization.
Deploying an immutable binary of percolator, his experimental perps trading passion project, Solana Labs co-founder Anatoly Yakovenko has issued a challenge to the DeFi community.
Is it high time the DeFi applications relinquished administrative control and returned to open source, immutable software?
Hack Percolator, Get a Job Toly’s ‘Percolator’ has once again captured the attention of Solana DeFi participants. After debuting the source code back in February, Yakovenko’s perps experiment is once again in the spotlight, this time as supposed proof of the resiliency of immutable contracts.
With formal verification offering unprecedented levels of smart contract security, Yakovenko is adamant that he’s “actually more bullish on being able to remove admin keys than any other time in my professional software development career.”
After depositing 5 $SOL into Percolator’s insurance fund and burning the admin keys, Yakovenko has openly invited would-be hackers to exploit and manipulate the program’s risk engine.
Toly has promised to vouch for any successful challengers, helping them to find roles within the ecosystem and potential access to angel investments.
While much of the onchain community has jumped on the opportunity to shill various percolator-adjacent memecoins, several DeFi users are making an honest effort.
Yakovenko has since highlighted some valiant attempts to outsmart the program, though percolator’s insurance fund remains untouched at this stage.
Return to Immutable DeFi Yakovenko’s call for open-source, immutable software comes amidst a profoundly difficult period for DeFi. Smart contract security has come a long way in recent years and protocol code is arguably stronger than ever, yet the onchain economy is facing a worrying increase in the number of hacks and exploits due to social engineering attacks and key compromization.
Speaking with SolanaFloor at Breakpoint 2025, Certora Chief Scientist Mooly Sagiv argues that the biggest threat to DeFi is not code, but human error. In 2026, malicious attackers have been far more successful in targeting key individuals at crypto companies to gain administrative access to protocols and funds, as evidenced by the recent exploits of Drift Protocol and KelpDAO.
Immutable contracts and burnt admin keys are one defense against this highly sophisticated attack vector. Once a fundamental principle of decentralization, immutability has become something of an afterthought, with teams opting to maintain administrative control over their applications.
However, recent events show that the crypto community is divided on the nuances of the decentralization debate. In the wake of the KelpDAO exploit, the Arbitrum Security Council opted to freeze 30,766 $ETH held by the exploiter, drawing both criticism and praise from all corners of the industry.
Similar conversations were had during the April 1st Drift Protocol hack, which saw Circle decide against intercepting $230M worth of stolen funds that passed through its Cross Chain Transfer Protocol. CEO Jeremy Allaire defended the firm’s decision, citing that the incident posed a ‘moral quandary’.
$620M Lost to Defi Hacks in April 2026 As it stands, April 2026 is on track to finish as the 6th-worst month for DeFi exploits in crypto history, with over $620M lost to malicious actors based on DefiLlama data.
Beyond DeFi alone, crypto users are being encouraged to take greater care than ever. Developers in search of new roles are rapidly becoming a popular target for attackers, who are attempting to share malicious code when posing as recruiters.
Crypto users of all levels are encouraged to revise their security practices and wallet hygiene on a regular basis, or the industry risks running aground as builders abandon blockchain technology for safer alternatives.
Read More on SolanaFloor Ethereum is winning the memecoin game
Traders Blame ‘PvP Culture’ for Solana’s Languishing Memecoin Market
What's Happens When You Give an AI Agent $70 to Trade
Immutable [IMX] recorded its largest exchange outflows of 2026 after more than 4.67 million IMX exited exchange wallets in a single day. The sharp reduction in exchange-held supply reflected growing accumulation behavior as traders shifted tokens toward long-term holding strategies instead of immediate sell-side activity.
Santiment’s data also linked the outflow spike to renewed optimism surrounding Web3 gaming and Immutable X’s broader ecosystem expansion throughout 2026. The network has continued strengthening its gaming infrastructure through zkEVM development, AI-focused gaming tools, and partnerships with multiple gaming studios.
As a result, the latest withdrawal wave suggested traders have started positioning for a broader recovery phase across gaming-related crypto assets rather than preparing for another aggressive distribution cycle.
Bullish traders still dominate IMX positioning Binance top trader positioning continued favoring bullish exposure despite IMX struggling below higher resistance zones throughout May.
At press time, 60.12% of top trader accounts remained long, while only 39.88% positioned short, leaving the Long/Short Ratio near 1.51. The positioning structure reflected persistent confidence among leveraged traders even after IMX failed to reclaim its neckline resistance.
Earlier in May, bullish exposure had climbed even higher before cooling during the recent consolidation phase. However, traders have continued maintaining a net-long bias instead of aggressively rotating toward bearish positioning.
The derivatives structure has therefore reflected cautious optimism rather than panic selling. If buying pressure strengthens near current support zones, the elevated long exposure could continue supporting another attempt toward the upper resistance structure.
Source: CoinGlass Can IMX reclaim the neckline breakout? IMX continued consolidating above the critical $0.163 support while the inverse head and shoulders structure remained active on the daily timeframe. Price action previously formed the left shoulder near March, while April’s decline established the head structure around the $0.133 low.
Recent recovery attempts later shaped the right shoulder before price pushed toward the neckline resistance near $0.202. However, buyers failed to sustain strength above that region, causing another rejection toward the mid-range consolidation zone.
At the time of writing, RSI cooled sharply and hovered near 45.44 after previously approaching overheated conditions earlier in May. The indicator’s decline reflected weakening buying strength rather than aggressive bearish control.
If IMX defended the $0.163 support successfully, buyers could attempt another push toward the neckline resistance. A breakout above $0.202 would likely strengthen recovery expectations toward higher resistance zones.
Source: TradingView Funding structure still favors long traders IMX’s OI-Weighted Funding Rate remained positive despite several short-term fluctuations throughout May. The latest reading hovered near 0.0019% as of writing, showing long traders still paid premiums to maintain bullish positions across derivatives markets.
Although funding periodically slipped into negative territory earlier in the month, bullish positioning quickly returned afterward as traders continued defending recovery expectations.
Positive Funding Rates have usually reflected stronger long participation instead of aggressive short dominance. In addition, derivatives sentiment has stayed relatively stable despite IMX trading below neckline resistance.
Source: CoinGlass IMX has continued attracting bullish positioning despite struggling below the critical $0.202 neckline resistance.
Massive exchange outflows, positive funding rates, and dominant long exposure have reflected growing confidence across the market. Meanwhile, the inverse head and shoulders structure has remained intact above the $0.163 support zone.
If buyers successfully reclaimed the neckline resistance, IMX could strengthen its broader recovery structure and attract renewed speculative demand across gaming-related crypto assets.
Final Summary IMX outflows suggested traders shifted toward accumulation instead of immediate exchange-based selling pressure. Bullish derivatives positioning remained dominant while IMX defended the critical $0.163 support zone.
