Former President Donald Trump renewed his promise on Wednesday to “save” Ross Ulbricht, the founder of the notorious Silk Road marketplace, reigniting discussions around crypto, justice and government overreach.
What Happened: Trump took to Truth Social, proclaiming, “I WILL SAVE ROSS ULBRICHT!”—a declaration that has stirred both controversy and hope among crypto advocates.
His case is deeply intertwined with the rise of Silk Road, the online marketplace that helped thrust Bitcoin into public consciousness, while simultaneously associating it with illegal activities.
Why It Matters: This isn’t the first time Trump has expressed support for Ulbricht. Back in May 2024, at the Libertarian National Convention, he promised to commute Ulbricht’s life sentence “on day one” if he returned to office, drawing enthusiastic reactions from the crowd, many of whom held “Free Ross” signs.
In response, Ulbricht tweeted, “Thank you. Thank you. Thank you… After 11 years in prison, it is hard to express how I feel at this moment.”
Libertarians and crypto advocates have long criticized the severity of Ulbricht’s sentence, arguing that it served not just as punishment for running Silk Road, but as a warning against the ideals of decentralized finance.
The crypto community, however, remains divided on Trump’s stance. Some see his vow to pardon Ulbricht as a legitimate push for justice and a stand against government overreach.
Others perceive it as a calculated strategy to win the favor of libertarian and crypto supporters as part of his 2024 presidential campaign.
Also Read: Bitcoin Bulls Should Watch This Crucial Level: 10x Research
Trump’s recent support for Ulbricht aligns with his evolving pro-crypto rhetoric.
During the same Libertarian event, he promised to “keep Elizabeth Warren and her goons away from your Bitcoin,” marking a notable shift from his previous criticisms of cryptocurrencies as risky and fraudulent.
What’s Next: The evolving discourse surrounding Ulbricht, crypto, and the law will undoubtedly be a topic of discussion at Benzinga’s Future of Digital Assets event on Nov. 19, where experts will explore the dynamic intersection of digital finance, policy, and innovation.
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Ross Ulbricht, serving two life sentences for his role in creating the Silk Road marketplace, marked the start of his 12th year in prison.
Donald Trump has once again expressed support for Ross Ulbricht, the imprisoned founder of the Silk Road, an illegal online marketplace.
Trump took to Truth Social to vow that he would “save” Ulbricht.
Trump Vows to Free Ulbricht if Re-elected The former president shared a screenshot of Ulbricht’s recent post marking the start of another year in prison, “Here it is. The start of my 12th year in prison today. I intend to make the most of it and use my time wisely,” Ulbricht said. In his post, Trump responded, “I WILL SAVE ROSS ULBRICHT!”
The 39-year-old, arrested in 2013 on charges of drug trafficking, money laundering, and computer hacking, was the creator of Silk Road. The dark web platform enabled the anonymous sale of illegal drugs such as heroin, cocaine, and LSD using Bitcoin (BTC), processing over $1 billion in transactions before being shut down shortly after his arrest.
In 2015, Ulbricht was sentenced to two life terms plus 40 years without the possibility of parole. Since then, authorities have seized over $1 billion in Bitcoin from Silk Road’s treasury, along with additional amounts confiscated from individuals connected to the marketplace and other criminal activities over the years.
This is not the first time Trump has shown support for the founder. At the Libertarian National Convention in May 2024, he promised to “commute” his life sentence “on day one” of his presidency if re-elected, drawing cheers from the crowd with many waving “Free Ross” signs. Following this declaration, Ulbricht responded on X, saying, “Thank you. Thank you. Thank you… After 11 years in prison, it is hard to express how I feel at this moment.”
Trump’s support for the platform’s founder aligns with his growing pro-crypto stance. In the same speech, he also criticized Senator Warren, vowing to “keep Elizabeth Warren and her goons away from your Bitcoin.”
You may also like: Donald Trump Launches US Quantum Push With Two Executive Orders Is Bitcoin (And Peace) In Trouble as Trump Warns Iran of Fresh Strikes? Trump Says ‘You’re Welcome’ as Oil Is Flowing and Prices Are Dumping Government Overreach Trump’s promise to free Ross Ulbricht has renewed debates about the fairness of his sentence, especially given Silk Road’s pivotal role in popularizing Bitcoin. The platform brought Bitcoin into the mainstream, showcasing its use for decentralized payments but also damaging its reputation by associating it with criminal activity.
Ulbricht’s case continues to divide the crypto community. Many libertarians and crypto advocates argue that his sentence was excessively harsh and represents an attack on decentralized finance and privacy principles. They view his punishment as an example of government overreach aimed at stifling innovation in decentralized technologies.
However, others point to the massive illegal drug trade that occurred on the darknet website and argue that the sentence was appropriate considering the harm caused.
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
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Last updated:
October 8, 2024
Fintech Revolut said Tuesday that it thwarted nearly $13.5m in potentially fraudulent crypto transactions from June through September.
Revolut, having launched its independent crypto exchange in the UK earlier this year, said it is committed to ensure that funds do not exit customers’ accounts.
Crypto hackers stole an estimated $409m in the third quarter of 2024, according to Immunefi. This highlights ongoing risks for both centralized and decentralized platforms, as several prominent exchanges and protocols experienced major breaches.
Fraud Prevention with Biometric Security for Crypto WithdrawalsWhen users initiate a crypto transfer on Revolut, the platform’s algorithms actively monitor transactions in real time. Legitimate transfers are processed quickly, and in 2024, 92% of these transactions have been completed without any additional input. However, the remaining 8% undergo further checks to comply with fraud prevention and anti-money laundering rules.
As a result, fewer than 0.02% of transactions, or 1 in 5,000, lead to account termination after review.
Further, Revolut’s Wealth Protection feature adds optional biometric security for crypto traders. Once enabled, withdrawals require a selfie verification, compared to the original KYC selfie, providing two layers of biometric checks for added security.
“We follow strict financial regulations to create a secure environment for all of our customers’ crypto transactions,” said Emil Urmanshin, Revolut’s Director of Crypto & New Bets.
“This starts from the second they sign up — from monitoring patterns in suspicious activity to identity checks, and using two-factor authentication.”
Revolut Poised to Launch Its Own StablecoinRevolut is reportedly gearing up to introduce its own stablecoin, setting the stage to rival major industry players. This move sees the London-based firm deepening its engagement in the crypto arena, alongside companies like PayPal, Ripple and BitGo.
America is the largest economy in the world, and its GDP is around $29 Trillion. However, despite that, Robert Kiyosaki, the popular Book author and advisor, believes that America is falling. More importantly, he provided exact reasons why it is happening in his recent X post, sharing his concern over the country’s current situation. Additionally, he believes that hard assets like Bitcoin are the solution to solving all the US’s problems.
Why does Robert Kiyosaki Believe That America is Falling? Robert Kiyosaki has been quite vocal about people achieving financial freedom and gaining it regardless of the economy, the US government, or other macroeconomic factors. He has often commented and warned about the functioning of the country and the role of the government, banks, and other traditional entities in this. It is because Kiyosaki believes that these are pushing the country backward per Kiyosaki.
In one such warning, he recently revealed why America is falling in an X post. Robert claimed that this is what will happen thanks to the current leaders, and regarded President Biden and Vice President Kamala as lefties and liars. He stated that he is amazed how all this lying, cheating, and stealing has still kept the country resilient, strong, and undefeatable.
Q: WHY IS AMERICA FAILING?
A: WTF do you expect when lefties
Promote “Defund the Police” and
such absurd ideas as “if you steal less than a hundred dollars….lts not a crime?”
“Lying, cheating, and stealing….are sins against the souls of all human beings.”
With all the…
— Robert Kiyosaki (@theRealKiyosaki) October 6, 2024
With this post, he has questioned the function of the ongoing government. More importantly, he showed concerns over Biden and Harris’s plans, where they talked about “Defunding the police and stealing below hundred dollars as not criminal activities.”
Since the US Presidential election is now just 29 days away, the political pressure is rising in the country, where each candidate is preparing for their best performance. Just recently, Donald Trump presented the Elon Musk Dark MAGA at his Pennsylvania rally, gaining new hype from voters from this collaboration. At the same time, Harris is also working on her public appearances, interviews, and much more.
With this building political tension, Robert Kiyosaki has also often participated with his views on Trump and Harris’s leadership, with the former gaining his support. He ended his post by wishing to welcome great leaders like Washington, Lincoln, Kennedy, and others who led with integrity.
In another post, Robert warned of the Financial crisis in America which is its rising debt. He warned everyone that this debt could push the country back and the people could lose their hard-earned money.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
Can Bitcoin Save The People? In an interview, Michael Saylor, the CEO and Founder of MicroStrategy, claimed that Bitcoin will become 7% of the world capital by 2045, which is a big deal. More importantly, its price will grow from hundreds of thousands to Millions of dollars. As a result, it will be the most profitable asset for its holders, but these are just predictions for now. Despite that, Bitcoin’s current growth is already impressive, creating a big hype around its future.
At the time of writing, the BTC price has surged to $62K, which is quite high, but it is slowly approaching the ATH at $73K. Moreover, it has a market capitalization of $1.2 Trillion, almost half of the entire crypto market. It makes BTC the top-performing token of the crypto market this year, with 41% in YTD%. This is what attracted Robert Kiyosaki and many others to endorse this cryptocurrency. Its constant growth since its launch in 2009 makes it a desirable investment for thousands of investors.
Robert Kiyosaki has been promoting this crypto for a long and called such hard assets forever-lasting assets, unlike paper money. This is because paper money loses its value comparatively faster. Even third-party entities like banks control their functioning, making them a risky investment. More importantly, many crypto analysts have forecasted that the Bitcoin price will rise to millions in the next few years. If this happens, it could boost users’ portfolios to new levels.
Final Thoughts Robert Kiyosaki has again appeared for a new warning for his followers, but this time, it concerns the whole country. As the US presidential election is near, he has presented his views on Joe Biden and Kamala Harris. As per him, these two are putting the country at risk after allowing lying, cheating, and stealing. Additionally, for years, he has promoted hard assets like Bitcoin and others to build their future and save America. As per Robert, investment in hard assets is a must, as the country is piling up trillions of debt.
The world of cryptocurrency is buzzing with news these days, and many people are closely watching the latest trends. Ripple (XRP) has been a hot topic, especially with talks about a possible ETF approval.
However, some experts warn that just because an ETF might happen, it does not mean it will protect people from losing money. Because of this uncertainty, traders are looking away from Ripple and checking out other promising coins like SEI which is becoming popular as a new opportunity in the market.
As more people get interested in SEI, IntelMarket (INTL) is also making a name for itself by giving traders cool features and tools to help them navigate this exciting landscape. With so many interesting possibilities coming up, investors are eager to see what is next for Ripple (XRP), SEI, and the unique offerings from IntelMarket while searching for the next big chance.
Ripple (XRP) is Facing New Challenges and Uncertain Times Ahead Ripple (XRP) is priced at around $0.5354, and its market value is about $30.33 billion. Recently, its price went up by 1.55%, but many investors are feeling nervous. The excitement around the XRP ETF is real, but some people believe it might not be enough to keep prices steady.
Lately, XRP has been having a tough time. There are 99.99 billion XRP coins in total, and about 56.65 billion are available for trade right now. As the 7th largest cryptocurrency, it has a strong place in the market, but its recent price movements show that things are shaky.
Interestingly, some big holders of XRP are still active, which means there could be some big trades happening. However, the price has not been stable, which worries many people. Investors are keeping a close eye on any news about rules that could affect Ripple (XRP). While some are hoping for a comeback, the future seems uncertain for this well-known cryptocurrency.
SEI is a New Player Stepping Up to Challenge the Big Names SEI is rising quickly after the Ripple (XRP) runs into some bumps in the road. Right now, it costs $0.424, and its market cap is about $1.49 billion. It has increased by 4.73% in a single day and more investors are beginning to have faith in it.
What makes SEI special is its focus on being fast and efficient, which attracts both new and experienced traders. It has a total supply of 10 billion SEI, with 3.52 billion available to trade. This solid foundation makes it a fun option for those looking to invest.
SEI is also making its platform better and easier to use, helping users trade and earn more money. As the market changes, SEI looks ready to challenge older coins like Ripple (XRP). It is an exciting time to see how SEI grows and what it can offer to investors.
IntelMarkets: Your Key to Smart Trading and Maximizing Profits While XRP and SEI are in the spotlight, IntelMarkets (INTL) is changing how people trade in cryptocurrency. This platform works on both Ethereum and Solana, giving traders fantastic options. With a price of about $0.027364, IntelMarket has already raised over $1,070,828, showing that lots of people are interested.
At IntelMarket, traders can use leverage of up to 1000x which means they could earn big returns on their trades. The platform also offers smart tools to help users manage their risks whether they are experts or just starting plus it is easier to spot the best opportunities with many asset pairs available in the rapid crypto market.
The future looks bright for IntelMarket as it continues to grow, and with so much interest right now, now is an excellent time to see what this platform can do for you. Do not miss the chance to be part of the next wave in crypto trading, so just take a look at IntelMarkets today and find out how it can help you trade better.
Discover More About IntelMarket:
Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
At 443 trillion tokens, Shiba Inu is trading close to a crucial support level that could act as a solid safety net for the current price threshold. This extensive support zone connected to 1,633 addresses activity provides information about possible market movements. The profitability of these active addresses is an intriguing aspect.
We can clearly see the mood of the market by grouping them according to their average cost. This indicator referred to as In the Money or Out of the Money shows whether these addresses are profitable or not. Bullish sentiment may be indicated if a sizable portion of these addresses are profitable, but it may also signal possible selling pressure as holders may take profits.
SHIB/USDT Chart by TradingViewConversely, a large number of losing addresses could indicate bearish sentiment or even a buying opportunity, as these holders may be trying to reduce their acquisition cost by acquiring more SHIB. Shiba Inu is in a promising position technically. SHIB is currently trading at $0.000018. Lately, there has been a spike in volume, suggesting increased market activity.
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Furthermore, the price continues to rise while staying above important indicators like the 50, 100 and 200 EMAs. SHIB is creating a triangle pattern that is symmetrical, which could result in a big breakout. The possible formation of a golden cross, a long-term bullish indicator that happens when the short-term moving average crosses above a long-term moving average, is one of the most encouraging signals.
This may reinforce the likelihood of a significant price rally and a long-term trend reversal. In general, the technical indicators, market sentiment and Shiba Inu's 443 trillion tokens of support position the token for a potential upward surge. SHIB may see a large increase in price soon if the golden cross materializes and the symmetrical triangle breaks to the upside.
Toncoin (TON), the Telegram-native cryptocurrency, has seen its price decrease by 17% within the last 30 days. As a result, TON’s price fell below $5 before a slight bounce.
Despite this decline, the cryptocurrency’s price could be in line to recover some losses. This assertion is due to the change in sentiment of Toncoin short-term holders, which this on-chain analysis reveals.
Toncoin Holders Push for RecoveryWhile TON’s price might have fallen below $5, IntoTheBlock data shows that the token’s Coins Holding Time has increased. Within the last seven days, this metric, which measures the amount of time a cryptocurrency has been held without being sold, is up 142%
Typically, when the holding time decreases, short-term holders have lost confidence in a crypto’s potential. However, since it increased, it indicates that Toncoin short-term holders believe that a rebound could be close.
For that to happen, the token’s Coins Holding Time has to sustain this momentum. If that happens, then Toncoin’s price might not add to its month-long 17% decline.
Read more: What Are Telegram Bot Coins?
Toncoin Coins Holding Time. Source: IntoTheBlockAnother metric supporting this bias is the Large Holder Netflow to Exchange Ratio. This metric basically shows whether large holders of a cryptocurrency are sending more tokens to an exchange.
When the ratio rises, it indicates that these stakeholders are transferring more tokens to exchanges, often signaling an intent to sell. Conversely, a drop in the ratio suggests investors are holding back on selling as they avoid sending tokens to centralized platforms.
Therefore, the decline, as seen below, indicates that Toncoin whales have refrained from liquidating their assets. Should that remain the same, it could have a positive impact on TON’s price.
Toncoin Large Holders Netflow to Exchange Netflow Ratio. Source: IntoTheBlock TON Price Prediction: Rally to $6 BeginsFrom a technical point of view, Toncoin is witnessing a massive rise in the Money Flow Index (MFI). The MFI, as the name implies, refers to the rate at which liquidity is entering a cryptocurrency.
A higher MFI signals increased buying pressure, while a lower MFI points to rising selling pressure, often implying a potential price drop. For TON, with buying pressure currently elevated, this suggests the cryptocurrency could push beyond $5.22.
Leveraging the Fibonacci indicator—which identifies key support and resistance levels—a continued rise in buying pressure might drive Toncoin’s price up to $6.15.
Read more: 6 Best Toncoin (TON) Wallets in 2024
Toncoin Daily Analysis. Source: TradingView However, if Toncoin short-term holders opt to sell some assets, this upward trajectory could be disrupted, potentially causing the price to slide back to $4.46.
Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America.
He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement tariffs.
Lutnick Praises Donald Trump’s ‘America First’ for Economic Growth In a recent podcast with Anthony Pompliano, founder and CEO of Professional Capital Management, Howard Lutnick argued that Donald Trump’s “America first” policy helped attain 3% GDP growth and wage increases during his term.
He added that the tariffs protected American jobs, and the economy built up American manufacturing through Trump.
On the opposing side, Lutnick showed his criticisms of Democratic policies. This includes the American Rescue Plan, which he deemed over-incentivizing the economy, causing inflation, and further hurting the middle to the working class. However, the appreciating assets were enjoyed by the rich.
This 2-hour conversation with @howardlutnick is a must listen.
We discuss the US economy, inflation, currency debasement, government spending, tariffs, the Presidential election, and what Howard endured on 9/11.
I spend much of my time thinking about the economy and how to fix… pic.twitter.com/s8pT7d8GXD
— Anthony Pompliano 🌪 (@APompliano) October 28, 2024
To Lutnick, Trump’s approach to protecting American jobs and sustaining wealth-building opportunities makes him the ideal advocate for both economic stability and wealth growth in the US.
Trump’s Tariff Policy Could Boost Jobs and Wealth According to Lutnick, Donald Trump’s tariff policy is the new face of safeguarding American prosperity. America, therefore, must maintain its economic strength. The billionaire said that if the government has to tax its people with a considerable amount, for instance, up to $400 billion, which has been the case when a country levies heavily in terms of taxation on its citizens, then this should be levied against the foreign producers, such as those from China.
He said that before an income tax existed in 19th century, the US could thrive when it relied solely upon tariffs. That had allowed way to the gigantic public investment in infrastructure by politicians and figures like Teddy Roosevelt.
This surplus-generated model was how this nation could build without skinning off its citizens. According to him, this shift away from tariffs after the world wars, left the US open to economic exploitation. That happened because tariffs were dropped in favor of income taxes to fund global rebuilding efforts.
Lutnick believes Trump’s plan brings a return to economic nationalism. It does that by using tariffs to force foreign companies to “pay to play” in the American market. It is also restoring an economic strategy that will directly benefit American manufacturing, jobs, and wealth.
Bitcoin as a Commodity, Not a Currency Unlike a currency that threatens the dollar, Bitcoin is more widely accepted as a commodity in finance.
With him would probably agree the CFTC Chair Rostin Benham who also thinks of Bitcoin as of a commodity. He recently urged Congress to legislate on crypto regulation and election betting.
Lutnick imagines that with more institutional finance acceptance – the acceptance will expand more and more, thus pushing up its value. He also thinks that Trump’s economic policies, like tariffs and the revitalization of manufacturing, align with the ethos of self-sufficiency and financial independence principles. All of this, Bitcoin even furthers by offering a decentralized asset.
Recently, some reports showed that crypto-friendly Donald Trump’s win in the 2024 US presidential election may trigger a Bitcoin price rally to $92K.
The billionaire believes that Trump is open to innovation, and his protection policies for the American worker, combined with Bitcoin being a non-governmental commodity, can potentially raise prosperity throughout the US.
In a landmark development, Bitcoin (CRYPTO: BTC) mining operations are set to heat one of the coldest regions on Earth.
What happened: Sazmining, a Bitcoin mining firm that connects individual retail miners with renewable energy-powered facilities, said in a press release that the new site would come up in Norway, just above the Arctic Circle.
The mining site would be hydro-powered, and the heat generated from the process would be repurposed to warm up buildings, replacing oil-fired boilers with high carbon footprints.
Additionally, the excess heat would be supplied to local industries, such as the drying of cod fish, helping the residents save on energy costs.
"We’re proving that Bitcoin mining can deliver true value for value. By integrating nearly 100% carbon-free energy and repurposing mining heat for local industries, we’re creating a win-win for everyone," Sazmining CEO Kent Halliburton said.
See Also: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin
Why It Matters: Bitcoin mining sites are large data centers that run on massive amounts of electricity, helping to keep the network secure and pushing more Bitcoins into circulation.
Heat is one of the biggest by-products of the process. As such, repurposing this excess heat could be a lucrative business opportunity, especially in areas with extremely cold climates.
Bitcoin mining also plays an important role in Texas, the Bitcoin mining hub of the U.S.
Minere here help in stabilizing the state's power grid by powering up their operations when there is an excess capacity of electricity while drastically lowering the when the state requires more usage during extreme weather conditions.
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In the past several months, the Solana memecoins market has gone through massive growth, and investors are eager to get more of the latest SOL meme token. However, one analyst has a word of caution for those investors seeking these high-risk opportunities, telling them to brace for a fall.
While the hype is undeniable, not all experts are convinced of its sustainability. But amidst this looming storm, one emerging prospect, RCO Finance (RCOF), is positioning itself as a more stable alternative for those aware of the incoming wave of volatility.
‘The Solana Memecoins Bubble Could Burst Soon’ As excitement builds in the Solana ecosystem, many wonder if Solana memecoins are preparing for another bubble burst. Analysts suggest that current market sentiment doesn’t favor a bull run for these memecoins; instead, a market downturn may be on the horizon that could affect these assets.
The SOL ecosystem has recently been trading at the center of synching up many bearish pressures, which has seen it range sideways and fail to clear the key $180 mark. This stagnation has affected perceptions of the ecosystem, damping the market capitalization of Solana memecoins by 4% in the last 24 hours.
The decline in memecoin enthusiasm impacts Solana memecoins as investors focus on more utility-driven tokens. The rise of innovative-based assets like RCO Finance, which seeks to transform the DeFi landscape, has also attracted memecoin investors, further reducing the appeal of traditional memecoins.
RCO Finance (RCOF): The Under $1 Solana Killer? As skepticism grows, the Solana memecoins community faces a tough choice: continue pursuing risky memecoins or seek projects with real-world use cases. RCO Finance isn’t just another hedging alternative; it’s an innovative asset aiming to bridge TradFi and DeFi ecosystems with the help of crypto AI.
As a fully AI/ML-based platform, RCO Finance provides users with an advanced AI-powered robo-advisor that personalizes investment strategies based on individual user profiles. This tool analyzes various factors, such as financial goals and risk tolerances, to create tailored portfolios that adapt to real-time market conditions.
The robo advisor continuously monitors market trends and makes adjustments, allowing users to access profitable opportunities without needing constant oversight. This level of automation significantly improves trading by removing any emotional and human errors that normally affect trading outcomes.
RCO Finance stands out by providing access to over 120,000 assets across 12,500 asset classes, including cryptocurrencies and tokenized real-world assets like real estate. Fractional ownership enables everyday investors to overcome barriers in traditional markets, creating balanced portfolios that mitigate risks while maximizing potential returns.
The platform offers impressive leverage options up to 1,000x, enabling traders to amplify their investments significantly. This feature appeals to those seeking to maximize returns with smaller initial capital. With high leverage, diverse investment options, and AI-driven strategies, RCO Finance stands out in the DeFi space.
Security and privacy are crucial in today’s crypto landscape, and RCO Finance tackles these issues directly. Eliminating KYC requirements eases onboarding and maintains user anonymity. Backed by audited smart contracts from SolidProof, RCOF tokens provide users with a secure trading experience and investment confidence.
Can RCOF Offer Solana Memecoins Investors a Safer Alternative? As RCO Finance continues to gain traction, now is the perfect time for investors to consider participating in its ongoing presale. Priced at $0.055 per token in Stage 3, early adopters could see significant returns, with analysts forecasting potential gains of over 1,000% when RCOF launches at an estimated $0.6.
Investors in this presale gain attractive pricing, exclusive features like staking rewards, and lower transaction fees. Staking RCOF tokens offers passive income through high APYs. RCOF holders also participate in governance decisions, influencing protocol upgrades and fees, creating community ownership, and prioritizing investor interests.
With strong investor interest already reflected in over $4.2 million raised during the presale, RCO Finance is poised for significant growth as it merges AI with DeFi. As the demand for innovative crypto solutions continues to rise, Solana memecoins investors could take advantage of this opportunity for a secured investment opportunity.
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
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Memecoins cashing on the popularity of pet squirrel and social media star ‘Peanut' have become the new money-minting opportunities for cryptocurrency degens.
A coin with a similar name was launched on Solana (CRYPTO: SOL)-based DEX Raydium, which was up a whopping 336% in the last 24 hours, though having a far lower market capitalization of $33,790.
It is worth noting that the liquidity of these tokens is very low because they are not traded on major cryptocurrency exchanges and are only available on DEXs as of this writing, making them vulnerable to extreme price swings.
See Also: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin: Sassaman Dethrones Peter Todd.
Why It Matters: The death of the adorable creature has become the latest flashpoint ahead of the presidential elections.
New York state officials confiscated and euthanized Peanut, along with a raccoon named Fred, triggering a wave of outrage from social media and influential figures.
Tech mogul and Republican supporter Elon Musk wrote, "President Donald Trump will save the squirrels," along with a condolence message for the animal.
According to the statement from authorities first reported by CBS News, the officials took the action citing potential human exposure to rabies from the animals.
Additionally, a person involved with the investigation was bitten by the squirrel, prompting the officials to put the animals down to test for rabies.
Peanut’s Instagram account is followed by 666,000 followers, with his videos of donning little hats and munching on waffles bringing delight to many.
Image via Wikimedia Commons
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In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results.
Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in Bitcoin each to his reelection campaign.
Regulatory Fears Prompt Exodus Of Crypto Firms From US Winklevoss highlighted the significant financial toll that the Harris-Biden administration has imposed on the cryptocurrency sector, claiming that legal fees have reached $500 million.
This figure reflects the ongoing scrutiny from the US Securities and Exchange Commission (SEC), which has pursued lawsuits and issued Wells Notices to several major players in the industry, including Binance, Ripple, and Coinbase.
As a result, many firms have incurred substantial legal expenses while defending against regulatory actions, raising concerns about the administration’s approach to cryptocurrency regulation.
The co-founder expressed alarm over the prospect of a Kamala Harris presidency, suggesting that her administration could perpetuate the current regulatory landscape characterized by enforcement rather than guidance.
Winklevoss stated, “Vote Trump and this spending in legal fees goes to $0. Vote Harris and this figure will balloon to billions.”
Cameron Winklevoss’ comments have sparked responses from various industry experts, underscoring the broader implications of regulatory strategies on innovation and growth within the sector.
Wayne Vaughan, a Bitcoin advocate and co-founder of the Tierion blockchain, echoed Winklevoss’s concerns, emphasizing that legal fees are only part of the damage.
Vaughan pointed out that many companies have left the United States or abandoned product developments due to fears of regulatory repercussions, reflecting a growing frustration within the crypto community regarding the perceived hostility of US regulatory bodies.
James Murphy on the other hand, a securities lawyer and long-time proponent of the digital asset sector, also weighed in, suggesting that Winklevoss’s estimate of $500 million in legal costs might be conservative.
Murphy noted that this figure does not account for settlements paid to the SEC by projects unable to sustain prolonged legal battles, further illustrating the financial strain placed on the industry.
Blockchain Association Calls For Leadership Change At SEC Bitcoinist previously reported that according to a report by the Blockchain Association, a crypto-focused lobbying group, the cumulative cost of crypto firms fighting SEC lawsuits over the past few years has reached around $426 million.
This report, published on October 31, criticized the SEC’s “regulation by enforcement” approach, which it argues stifles innovation and economic growth. The association highlighted not only the legal expenses but also the job losses resulting from the regulatory environment.
The Blockchain Association called for a change in leadership at the SEC, framing the current regulatory strategy as a form of “lawfare” that undermines the potential of the crypto industry.
Kristin Smith, the group’s CEO, urged cryptocurrency users and developers to advocate for leadership change, although she did not specify any political affiliations or candidates in her message.
The daily chart shows the total crypto market cap valuation rise on Tuesday. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and is also well known for authoring the popular book “Rich Dad Poor Dad,” has issued a tweet discussing the growing significance of BTC under the current economic conditions in the U.S.
He shared an investment plan that he has been following with his X audience, which includes regular Bitcoin investments.
Kiyosaki on Bitcoin and "fake US dollars"Financial guru Kiyosaki revealed that he has been “hiding real money,” which he calls gold and silver. According to his tweet, he now owns “tons of gold and silver” AS, in 1985, he also began to buy his own gold and silver mines.
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The investor reminded the audience that U.S. dollars are not currently backed by anything, hinting that the gold standard was removed. Now, aside from gold and silver, he also saves the digital gold. He said, “I save Bitcoin.”
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024 Kiyosaki took a jab at those running the U.S. Treasury – Janet Yellen – and the Fed; both are run by people who are similar to his “poor dad” caricature from his aforementioned book. The “poor dad” is a composite image of someone who has little or no financial literacy and relies on a poorly managed economy, while the “rich dad” from the book is a generalized way to discuss people who do not just save money that gets devalued quickly but use it to boost their wealth with profitable assets.
It is no wonder, Kiyosaki said, that “poor dads” Yellen and the Federal Reserve have triggered the U.S. to become “the biggest nation debtor in history.” He then expressed his take on the current purchasing power of the USD that is the result of that growing debt: “Our dollar will soon be toilet paper.”
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Kiyosaki suggests buying Bitcoin to get richerIt is important under the current economic conditions in the U.S., he believes, to invest in coins every month, whether it is gold, silver or Bitcoin. If you do not know which you want to bet on, he says, just “buy one gold coin, or one silver coin, or one Bitcoin Satoshi.” Then he recommends setting a monthly goal of purchasing the chosen asset.
“Choose one coin, gold, silver, or Bitcoin….set a monthly goal….and get richer,” he said in the tweet.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
On-chain data indicates intriguing dynamics that may determine Shiba Inu's future course, indicating that the species is at a turning point. The data indicates that addresses holding positions within a narrow price range account for about 76 trillion SHIB.
The key question is whether SHIB is on the verge of a sharp decline or if this enormous concentration can serve as a stabilizing force. The Active Addresses by Profitability chart shows that at an average holding price of $0.000025, 78.96% of SHIB holders are currently in the money.
SHIB/USDT Chart by TradingViewThe current price of $0.00002599 is perilously close to critical resistance levels, indicating that many holders are sitting on profits. These profitable addresses might sell their holdings, putting pressure on SHIB, if it does not break higher. On the other hand, only 2 out of 35 holders are out of the money, indicating little to no capitulation to date.
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This suggests that the majority of investors are upbeat, but if SHIB's price falls below its important support levels, this could change rapidly. SHIB is displaying a bullish triangle pattern on the price chart, with immediate resistance at $0.000027 and support close to $0.000023.
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Though substantial volume and wider market support would be needed for this move, a breakout above $0.000027 might indicate a rally toward $0.000030. On the down side, if $0.000023 is not maintained, a more severe correction may occur, possibly aiming for the $0.000021 level.
The weeks that follow are very important for Shiba Inu. Should the token successfully emerge from its consolidation phase, it may spark renewed interest and draw in new funding. But in the absence of significant buying activity, there is a significant chance that the market will be dominated by profit-takers, raising the possibility of a sell-off.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark. On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. As Bitcoin fell below $80,000, US-listed spot Bitcoin (BTC) ETFs ended a five-day influx of roughly $1.7 billion. According to SoSoValue statistics, Bitcoin funds had their first daily outflow in May of $277.5 million on Thursday.
According to Farside, the top two funds in terms of outflows were the Fidelity Wise Origin Bitcoin Fund (FBTC) with $129 million and BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $98 million. In the midst of increased Bitcoin volatility, there was a dramatic shift in the flows into Bitcoin ETFs. On Wednesday, Bitcoin soared above $82,000, but the next day, it dropped below the crucial $80,000 mark.
Mixed Investor Sentiment On Thursday, the first spot Bitcoin ETF established by a US bank, Morgan Stanley Bitcoin Trust ETF (MSBT), had modest inflows of $7.3 million. Farside reports that since the fund’s introduction on April 8, 2026, there has been zero days of outflows.
With a 557% increase in client assets retained since debut, MSBT has amassed 2,920 BTC, valued at around $232.6 million. In addition to its flagship product, the Grayscale Bitcoin Trust (GBTC), the low-cost spot Bitcoin ETF known as the Grayscale Bitcoin Mini Trust ETF (BTC) was the only other Bitcoin fund to get inflows that day.
The 21Shares Canton Network ETF (TCAN), the first US-listed ETF to provide direct exposure to Canton Coin, the native utility token of the Canton Network, debuted on the Nasdaq with the Bitcoin ETF today.
After momentarily regaining “Neutral” the day before, the crypto market downturn sent the Crypto Fear & Greed Index into “Fear” on Friday at 38. The indicator is still much higher than its April average of 17 due to the 11% increase in Bitcoin over the last 30 days.
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Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.
Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH).
The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC).
From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while meaningfully increasing its exposure to assets tied to Ethereum.
Jane Street’s position in BlackRock’s iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 million shares, with a reported value near $225 million.
The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), where holdings fell approximately 60% to around 2 million shares, valued at nearly $115 million at quarter-end.
The reduction also extended to Strategy (previously MicroStrategy). Jane Street’s Strategy holdings fell from about 968,000 shares in Q4 2025 to roughly 210,000 shares by the end of Q1. The reported value declined from close to $146 million to around $27 million.
But while the firm was dialing back Bitcoin exposure, it was simultaneously building its Ethereum footprint. Jane Street expanded its holdings in Ethereum ETFs, with positions in BlackRock’s iShares Ethereum Trust nearly doubling during the quarter.
The firm also added substantially to Fidelity’s Ethereum fund. Combined additions across the two ETH products were estimated at approximately $82 million.
Smaller Derivatives, Bigger Impact? The move is now being framed by analysts as a potential continuation of the same pattern some observers associate with Jane Street’s earlier Bitcoin-linked controversies.
Analysts at Bull Theory suggested that the firm behind a “daily 10 AM Bitcoin dump,” the same firm that was reportedly sued for insider trading in the $40 billion LUNA collapse, and the same firm with $567 million frozen by Indian regulators could now be targeting Ethereum.
Their central argument is that ETH may be easier to move than BTC, primarily because of market structure and scale. Bull Theory pointed out that Bitcoin futures open interest stands at roughly $60 billion, while Ethereum’s is slightly more than half at about $34 billion.
The thesis is that a smaller derivatives market can make it possible to influence price with a smaller amount of capital. They also emphasized relative market size, noting that ETH’s market cap is $273 billion compared to BTC’s $1.6 trillion. Under their logic, the same amount of capital would create 6 times greater price impact in ETH.
The analysts also argued that the Ethereum ETF market is still relatively early. They claimed that Bitcoin ETFs hold roughly 6.67% of all circulating BTC supply, while Ethereum ETF penetration is lower, meaning there may not yet be the same institutional “demand floor” to absorb coordinated selling.
Their conclusion was pointed: they believe the rotation into Ethereum is not happening primarily because Jane Street is forecasting bullish fundamentals for ETH, but because Ethereum is “easier to move.”
The daily chart shows ETH’s attempt to reclaim the key $2,300 level as support. Source: ETHUSDT on TradingView.com At the time of writing, ETH was trading at around $2,292, with almost no change from Wednesday’s price. Meanwhile, other assets such as Bitcoin and XRP saw gains of around 2% and 4% respectively during the same period.
Featured image created with OpenArt, chart from TradingView.com
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14. The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT. The US spot Bitcoin exchange-traded fund market is about to see net outflows for the year after six days of withdrawals that began on Friday. After Friday’s market loss of $105.2 million—$68.9 million for BlackRock’s iShares Bitcoin Trust (IBIT) and $36.3 million for Fidelity Wise Origin Bitcoin Fund (FBTC)—net inflows into Bitcoin ETFs for 2026 have decreased to $536 million.
Withdrawal Streak Shrinks 2026 Inflows The outflow on Friday added to the $1.55 billion that has been drained from the ETFs since May 14, when the last net inflow was reported, even though no other Bitcoin ETF based in the US saw a change in flows.
It is possible to gauge the level of institutional interest in Bitcoin and the flow of new money into the cryptocurrency market by looking at the net inflows into US spot Bitcoin ETFs. The first quarter saw a 70% reduction in Bitcoin ETF holdings at institutional market maker Jane Street and a 10% reduction at investment bank Goldman Sachs.
The majority of the $2.7 billion in net inflows to the US Bitcoin ETF market this year have originated from IBIT, however the industry as a whole is still seeing net inflows for 2026.
While most of its rivals have seen a decline in 2026, its inflows this year are not expected to surpass the $25 billion it received in 2025. So far in 2026, there have been net outflows from US-based spot Ether ETFs, and new altcoin ETFs have failed to meet the same level of demand as their predecessors.
The Morgan Stanley Bitcoin Trust ETF (MSBT) is one encouraging trend; it debuted on April 8 and has received $264 million in net inflows so far.
A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Bitcoin (BTC) starts its first full trading week with no new CME futures gap on the chart. The shift ends an eight-year market quirk that traders relied on to forecast short-term price targets.
The Chicago Mercantile Exchange (CME) moved its regulated cryptocurrency futures and options to around-the-clock trading on May 29. The change removed the weekend closure that had produced visible price gaps since Bitcoin futures launched in December 2017.
Why the CME Gap Mattered for Bitcoin TradersFor nearly nine years, CME Bitcoin futures closed every weekend while spot exchanges and offshore perpetual markets kept trading.
Any weekend move produced a chart gap when futures reopened. Price often returned to fill it within days or weeks.
Historical fill rates ranged from 70% to more than 90%. The pattern became one of the most watched short-term signals in crypto.
The structure also frustrated institutions, which could not adjust hedges over weekends on a regulated venue.
Bitcoin CME Futures. Source: X/Daan Crypto Trades “BTC Closed last weekend’s CME gap and is now trading in the big area between the other few remaining gaps. This weekend, 24/7 trading starts for the Bitcoin CME futures so there won’t be any new gaps created anymore going forward. The ones left standing will of course still sit there on the chart,” wrote analyst Daan Crypto Trades.
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What Changes Under Continuous TradingCME now runs Bitcoin, Ether (ETH), Solana (SOL), and six other contracts continuously. Daily maintenance windows run two minutes on weekdays and two hours on Saturdays.
The shift gives portfolio managers, ETF issuers, and corporate treasuries a regulated channel to hedge weekend exposure in real time.
“Client demand for risk management in the digital asset market is at an all-time high, driving a record $3 trillion in notional volume across our Cryptocurrency futures and options in 2025,” read an excerpt in the announcement, citing Tim McCourt, CME Group’s Global Head of Equities, FX and Alternative Products.
The expansion follows record activity across CME crypto products during 2025.
Bitcoin Volatility futures, a new contract tracking 30-day implied volatility, are scheduled to debut on June 1.
Where the Market Sits NowBTC traded near $73,441 on Sunday, down 3.7% on the week, after the quietest weekend in recent memory.
Bitcoin (BTC) Price Performance. Source: BeInCryptoThree legacy gaps stay open on the chart. Two sit above current price near $78,500 and $80,000, and one below in the $67,000 to $70,000 zone.
THE CME GAP ERA JUST ENDED🧵
CME Bitcoin futures will now trade 24/7 just like perps.
But $BTC still has 3 UNFILLED gaps left:
• $80K
• $78.5K
• Below $70K
And this is going live during active war tensions.
Here's what changes for you as a trader. pic.twitter.com/3bXlLx7hGV
— Wise Advice (@wiseadvicesumit) May 29, 2026 Whether those gaps still pull price action under continuous trading is the first real test of the post-gap era.
Early CME volume and open interest on Monday will signal how quickly institutions adapt their playbooks.
Belgian prosecutors have opened an investigation into Wise’s accounts over possible money laundering tied to fraud, drug trafficking, and corruption. The news sent the London-listed fintech company’s shares sliding sharply, rattling investors who had only recently started feeling comfortable with the company’s compliance track record.
The investigation lands at an awkward moment. Wise had just spent the better part of two years trying to clean up its regulatory image, completing a remediation plan with Belgian authorities and settling AML deficiencies in the US. Now, prosecutors in Brussels are poking around again, and the market is not exactly giving the company the benefit of the doubt.
Belgium has been a compliance headache before This isn’t Wise’s first brush with Belgian regulators. Back in 2022, the Belgian National Bank flagged that the company was missing proof-of-address documentation for hundreds of thousands of customer accounts.
Wise entered into a formal remediation plan and confirmed by late 2024 that it had completed the required fixes. The Belgian National Bank’s findings from November 2024 highlighted these earlier shortcomings, but the company appeared to be moving past the episode.
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The new investigation by the Brussels Public Prosecutor’s office takes things to a different level. Regulatory findings about missing paperwork are one thing. A criminal probe into whether accounts were used for money laundering connected to drug trafficking and corruption is quite another.
A pattern of regulatory settlements Belgium isn’t the only jurisdiction where Wise has had to answer uncomfortable questions about its compliance infrastructure. In July 2025, the company’s US subsidiary settled with six states for $4.2 million over deficiencies in its anti-money laundering program.
The $4.2 million US settlement covered AML program shortcomings, not allegations of actual criminal activity flowing through the platform. The Belgian investigation, however, raises the stakes considerably by drawing a direct line between Wise accounts and potential proceeds from serious crimes.
The broader fintech compliance reckoning Wise is not the only European payments company under the microscope right now. The Brussels Public Prosecutor’s office also opened a money-laundering investigation into Worldline’s Belgian unit on or around June 27, 2025, citing media allegations that the French payments processor had been processing payments for illegal activities. Worldline’s shares fell as much as 10% on that news, coming on top of earlier drops as steep as 38%.
The parallel investigations suggest a broader regulatory sweep across payment processors operating in Belgium.
For Wise specifically, the Belgian probe creates a credibility problem. The company had presented its completed remediation plan as evidence that it had turned a corner on compliance. A criminal investigation suggests that prosecutors believe there may be more to the story than outdated address records.
The key variable to watch is whether prosecutors ultimately bring formal charges or whether the investigation results in a settlement or remediation order. A settlement, even a large one, provides closure. Formal charges open up the possibility of restrictions on Wise’s Belgian operations, which could have knock-on effects across the company’s European business.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wise plc, the London-listed international payments company formerly known as TransferWise, saw its shares crater on June 1 after the Bureau of Investigative Journalism reported that Belgian prosecutors had opened an investigation into the firm’s operations. The probe centers on allegations that Wise accounts were used to launder approximately €500 million, roughly $583 million, connected to fraud, drug trafficking, and corruption across multiple European countries.
Shares plummeted as much as 20% intraday before clawing back some losses. By the closing bell, the stock had settled around 9-15% lower.
What triggered the investigation The Belgian investigation was reportedly sparked by hundreds of cross-border judicial requests that flagged suspicious transactions flowing through Wise accounts. The scope is notable: €500 million in potentially illicit funds allegedly tied not just to garden-variety fraud, but to drug trafficking and corruption across European jurisdictions.
Wise Europe, the company’s EU operations arm, is headquartered in Belgium. Belgium serves as Wise’s gateway to the broader European market through the financial services passporting framework, which allows a firm regulated in one EU member state to operate across the bloc.
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Wise confirmed it is cooperating with the Brussels prosecutor’s office. The company characterized the engagement as part of routine regulatory interactions and noted that the queries are still incomplete, with no definitive findings reached.
This isn’t Wise’s first compliance headache in Belgium. Back in 2022, the National Bank of Belgium required the company to implement a remedial action plan to address gaps in customer verification and due diligence procedures. Those gaps reportedly affected hundreds of thousands of users.
The compliance track record The 2022 remedial action from the National Bank of Belgium required Wise to fix verification and due diligence processes affecting a large portion of its user base. Whether those fixes were sufficient is now, implicitly, the question Belgian prosecutors are asking.
What this means for investors The intraday drop of roughly 20% tells you how spooked the market was by the initial report. The partial recovery to a 9-15% loss by close suggests some investors saw the selloff as overdone.
Belgian prosecutors have not announced any formal charges or conclusions. Wise has emphasized cooperation and the absence of definitive findings.
If Belgian authorities determine that Wise’s controls were materially deficient, it could trigger enhanced scrutiny from regulators in other EU member states where Wise operates under its Belgian passport. A finding in Belgium doesn’t stay in Belgium when your entire European operation runs through Brussels.
Investors should watch for two things in the coming weeks: any formal communication from Belgian prosecutors about the scope and timeline of the investigation, and whether other European regulators initiate parallel reviews of Wise’s operations in their jurisdictions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 1st that, according to City AM, cross-border remittance platform Wise is under investigation by Belgian prosecutors for allegedly violating anti-money laundering regulations due to its accounts being involved in the alleged transfer of approximately €500 million in illicit funds. The investigation involves hundreds of international criminal cooperation requests from over 30 European countries. Following the announcement, Wise's stock price fell by approximately 15% to 796 pence in London trading. The investigation focuses on Wise's European operations managed by its Brussels office, excluding approximately 3 million UK users. Wise stated that it is cooperating with Brussels prosecutors and regulatory and law enforcement agencies, and that about one-third of its employees are dedicated to combating financial crime. Previously, in 2025, Wise's US subsidiary was fined a total of $4.2 million by regulators in six states for compliance deficiencies.
PANews reported on June 4 that Lassie, an AI company founded by former Robinhood and Superhuman employees Steijn Pelle and Frédéric Renken, has completed a $35 million Series A funding round, led by a16z, with participation from Night Capital, the founder of Superhuman, the co-founder of Plaid, and the co-founder of Wise, bringing the total funding to $47 million.
Before writing the code, the two co-founders worked manually for months at a dental clinic, handling insurance claims and reconciliation payments. Lassie now operates in over 700 clinics across 49 states in the US, saving owners over 250,000 hours of administrative work annually. Alex Rampell, general partner at a16z, joined the Lassie board. Lassie's AI agent directly accesses the clinic's insurance portal, retrieving reimbursement data, reconciling accounts, updating system records, and verifying bank funds, completely replacing human intervention rather than adding a software layer.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
BlackRock launched the iShares Bitcoin Trust (IBIT) ETF on January 11, 2024, the same day that Fidelity launched its Fidelity Wise Origin Bitcoin Fund (FBTC). Despite launching on the same day, there is a huge gap between the two ETFs in terms of inflows, fees, and the assets under management (AUM).
BlackRock dominates other Bitcoin ETFs with the highest net assets of $47 billion, with Fidelity trailing at a far second with $11.30 billion in net assets.
IBIT’s dominance comes when institutional inflows towards Bitcoin ETFs could rise if the CLARITY Act gets approved before 2026 ends, hence the question: Can FBTC surpass IBIT in inflows and net assets, or will IBIT remain the biggest Bitcoin ETF on Wall Street?
A Deep Dive into BlackRock’s IBIT ETF IBIT started trading 30 months ago, and it has already amassed $47.95 billion in net assets, which accounts for 61% of all the net assets accumulated by all 13 Bitcoin ETFs that trade in the US.
CoinGape also reported that the SEC has approved a filing by BlackRock for a Bitcoin Premium Income ETF.
BlackRock’s IBIT ETF has also recorded $62 billion in cumulative inflows since it was launched, and this is six times higher than the second-largest BTC ETF by net assets.
This ETF charges a fee of 0.25% to investors to seek exposure to Bitcoin through it, and it closed trading on June 18 at a price of $35. The June 18 closing price marks a 50% from the 52-week high of $71.
The dropping Bitcoin price has also affected the returns on IBIT, with BlackRock’s official data showing that holders have seen negative returns of 18% in one year. However, investors who have held since inception on January 11 have a return of 21%.
IBIT Bitcoin ETF The chart above also shows that IBIT’s benchmark that compares the difference in performance with Bitcoin is at 0.27%, suggesting the ETF is giving almost the same returns as holding Bitcoin would.
IBIT’s Technical Analysis IBIT’s daily chart shows that the ETF opened the year trading at $50, and the 30% drop that has been seen since then has led to IBIT establishing support at $34.
The RSI reading of 35 shows that the momentum is bearish, and IBIT might continue dropping if the price of Bitcoin does not register an upside.
However, this RSI reading of 35 suggests that sellers might soon become exhausted, and that would give IBIT room to recover.
IBIT Price Chart The volume bars that have been red for four straight days confirm that sell-side pressure has indeed been behind IBIT’s drop in market price, and if this continues, the Bitcoin ETF might retest this support of $34.
Fidelity’s FBTC Bitcoin ETF Overview Fidelity’s FBTC is the second-biggest Bitcoin ETF with net assets of $11.30 billion and a cumulative net inflow of $10.46 billion per SoSoValue data.
FBTC holds 0.89% of Bitcoin’s market cap, and while it trails behind IBIT’s 3.79% share, Fidelity charges the same 0.25% fee on the ETF.
FBTC is listed on the CBOE Exchange, and it closed trading on June 18 at a price of $54 and that is a 50.9% drop from the 52-week high of $110.
FBTC Bitcoin ETF Fidelity says that FBTC offers 0.00087048 BTC per share, and that means that at the current price of Bitcoin of $64,000, an investor with 1 FBTC share holds $55 worth of Bitcoin.
Just like with IBIT, an investor who has held FBTC since it started trading in January 2024 has a return of 21%. However, FBTC’s loss of 30% in the last year is higher than IBIT’s loss of 18%.
FBTC’s Technical Analysis The daily chart for FBTC shows the ETF has dropped from $71 on May 11 to $35 at press time, and this mirrors Bitcoin’s drop from $82,000 on May 11 to $64,000 at press time.
The RSI of 35 shows that the momentum around FBTC is currently favoring bears, but the AO bars that are green but on the negative side show that these bears could be losing their grip.
FBTC Price Performance Compared to IBIT FBTC has established a support level of $52, but a move upward will only occur if bulls can push past the obstacle of $71.
Bitcoin Performance Relative to Bitcoin ETFs Spot Bitcoin ETFs have largely influenced Bitcoin price for the last 30 months, and the two biggest ones: IBIT and FBTC, have either sparked gains or drops.
IBIT flows have turned negative in the six months leading to June 2026, with outflows totalling $26 million per SoSoValue data. FBTC has seen the same performance, with $1.6 million in outflows within the same period.
The Bitcoin price chart shows that these outflows have pushed the price lower, with BTC moving from $87,000 in January 2026 to $64,000 in June 2026.
BTC Price Chart Zooming out on BTC’s chart to 2024, when the IBIT and FBTC ETFs started to trade, shows that the price of Bitcoin moved from $40,000 in January 2024 to $73,000 in March 2024, marking a 45% increase within three months.
That 2024 performance shows that the demand coming from institutions has assisted BTC’s price gains.
The RSI reading of 36 on Bitcoin’s weekly chart also suggests that the momentum is bearish as buy-side pressure fades, and this could be because fewer institutional investors are buying Bitcoin ETFs.
Which Bitcoin ETF Will Outperform? Both IBIT and FBTC track the price of Bitcoin, and that means that they give the same return depending on whether BTC is rising or dropping.
However, IBIT has the upper hand, and it is already outperforming FBTC in net assets and cumulative inflows. Its 61% market share will likely keep climbing because Fidelity does not have any advantage over BlackRock because the two ETFs charge the same fees.
Therefore, IBIT will likely outperform FBTC in net assets and inflows in 2026 as its market share dominance pulls in new investors.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Key NotesDelysium (AGI) defies the market slump with a 17% price surge in 24 hours.The token’s Bitvavo listing has led to a 550% spike in trading volume.AGI’s market cap climbs to $98.3 million, up by 22% . While the broader crypto market is facing a downturn on March 27, Delysium (AGI) has shown a 17% jump in its value in the past 24 hours. The surge follows AGI’s recent listing on Bitvavo, one of Europe’s leading crypto exchanges, bringing fresh liquidity to the token.
This major listing has resulted in a 550% surge in AGI’s 24-hour trading volume, indicating massive investor interest. According to CoinMarketCap, AGI is currently trading around $0.079 with a market cap of $98.3 million, up by over 22%.
Delysium aims to build a virtual world where humans and AI Virtual Beings interact on a blockchain. The project enables users to create AI-driven companions and non-player characters (NPCs). The AGI token underpins transactions, governance, and interactions within this metaverse-like ecosystem.
A few moments ago, Delysium shared its 2025 roadmap on X, stating that it has already integrated with Solana, alongside partnerships with Wormhole and Raydium. In quarter one, the team has also launched Delysium ONE, an AI-powered platform.
Delysium 2025 Roadmap: Accelerating the AI Agent Network
Q1 Achievements: $AGI integrated with Solana, alongside Wormhole and Raydium. Launched Delysium ONE.
Q2 Goals: Launch of a new $AGI staking pool, rollout of a platform under the You Know I Love You (YKILY) Network, and… pic.twitter.com/tYFpzuRFxF
— Delysium – $AGI 🟨 (@The_Delysium) March 27, 2025 In Quarter 2, the project plans to launch a new AGI staking pool, introduce a platform under the You Know I Love You (YKILY) Network, and upgrade the Lucy database, its flagship AI assistant.
The latter half of the year will focus on multi-model capabilities and advanced trading tools for Lucy. Delysium also aims to expand into more blockchain ecosystems, integrate with Web2 platforms, and drive user adoption through Lucy’s functionalities.
AGI Price Outlook On the daily AGI price chart, the MACD line has crossed above the signal line, confirming a bullish trend. The expanding green histogram indicates growing momentum. However, a narrowing gap between the MACD and signal lines could hint at a potential trend reversal.
Meanwhile, the price is trading near the upper Bollinger Band, indicating strong upward momentum. The widening bands signal increasing volatility, which could lead to a breakout.
Immediate resistance lies around $0.0781, with the next target near $0.10. The middle band (20-day SMA) at $0.0583 serves as support.
Additionally, the RSI also sits in a bullish range, nearing overbought territory. This suggests strengthening buying pressure and a possible rally.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
News
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate.
The action was announced in an Apr. 28 press release. The complaints, filed in a Delaware bankruptcy court, accuse the two issuers of breaching their contracts by withholding assets that FTX claims are essential to its recovery efforts. FTX said it made repeated attempts to engage with NFT Stars and Delysium before turning to litigation.
“We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said in the statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.”
(1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.
— FTX (@FTX_Official) April 29, 2025 FTX’s legal team, led by Sullivan & Cromwell LLP, warned that more lawsuits are expected if other issuers do not cooperate. As part of its larger asset recovery strategy, the estate is actively reaching out to other token and coin issuers and intends to file lawsuits against non-responsive parties.
The lawsuits come as FTX moves forward with its second round of creditor distributions. Following a bankruptcy court-approved plan in October 2024, FTX aims to repay 98% of creditors 119% of their claim values. The second round of payments, which includes Customer Entitlement Claims and General Unsecured Claims, is set to begin on May 30.
FTX collapsed in November 2022 after revelations that founder Sam Bankman-Fried misused $8 billion in customer funds. Under the leadership of bankruptcy specialist John Ray III, the estate has recovered between $14.5 billion and $16.3 billion to date.
The outcome of the lawsuits against NFT Stars and Delysium could play a role in further boosting creditor repayments as FTX pushes to close one of crypto’s biggest bankruptcy cases.
TLDR FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens, plus damages FTX made multiple attempts to resolve the disputes before turning to litigation The legal action is part of FTX’s broader strategy to recover assets for creditor repayments FTX warns other token issuers that it will pursue litigation if they don’t return assets that belong to the exchange The FTX Estate has opened a new chapter in its asset recovery efforts. The bankrupt crypto exchange filed lawsuits against token issuers NFT Stars and Kurosemi (doing business as Delysium) on Monday. These legal actions claim both companies failed to deliver tokens that were promised under investment agreements with Alameda Ventures.
Filed in U.S. Bankruptcy Court in Delaware, the complaints seek to force these companies to turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs). The lawsuits come as FTX works to recover funds for its creditors following its collapse in 2022.
“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” the FTX Estate said in its statement. This marks a clear escalation in the exchange’s recovery strategy.
The FTX collapse shocked the cryptocurrency world in November 2022. It came after revelations that around $8 billion in customer funds had been misused by executives to cover risky bets made by FTX’s affiliated trading firm, Alameda Research.
The Token Disputes According to court documents, NFT Stars and Delysium breached contracts by failing to transfer tokens despite FTX’s repeated attempts to resolve the issues outside of court. The complaints detail specific investment agreements that were allegedly violated.
In the case against Delysium, an AI agent blockchain project, FTX claims Alameda Ventures paid $1 million in January 2022 for the right to receive 75 million AGI tokens. The tokens launched in April 2023 with a vesting schedule, starting with 20% unlocking after a 12-month cliff period.
However, Delysium allegedly extended the vesting schedule unilaterally to 48 months and refused to transfer any tokens. A company representative reportedly stated in a public Discord message that they would not allocate tokens to FTX due to the bankruptcy proceedings.
The NFT Stars case involves a payment of $325,000 made in November 2021. This was for rights to 1.35 million SENATE tokens and 135 million SIDUS tokens. While NFT Stars initially delivered some tokens, it allegedly stopped further transfers after FTX filed for bankruptcy.
FTX now claims NFT Stars owes more than 831,000 SENATE tokens and 83 million SIDUS tokens. The exchange cites breaches of contract and violation of bankruptcy protections in its filing.
Between June 2023 and September 2024, FTX’s advisors attempted to contact NFT Stars 15 times and Delysium 13 times. According to the complaints, these contact attempts received no response.
FTX is seeking immediate return of the assets, damages for breach of contract, and sanctions for alleged violations of bankruptcy protections. This includes violations related to the automatic stay under U.S. bankruptcy law.
The lawsuits represent just one aspect of FTX’s recovery efforts. On February 18, 2025, the exchange began its initial distributions of recovered funds to holders of approved claims in its Convenience Class.
A second round of payments is scheduled to begin on May 30, with a record date of April 11. This distribution will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional Convenience Claims approved since the initial record date.
The bankruptcy estate’s initial distribution targeted “Convenience Class” claims under $50,000, reaching the majority of affected users. This is part of a creditor repayment program that could total more than $16 billion.
Sam Bankman-Fried, FTX’s founder and former CEO, was convicted of fraud and conspiracy charges and sentenced to 25 years in prison. The company’s recovery efforts continue under new management as it works through its restructuring plan.
FTX has warned that further lawsuits will be filed against token issuers who fail to cooperate with its asset recovery efforts. The company’s team continues to work to maximize recoveries for the FTX Estate and return funds to creditors.
Last month, FTX faced another challenge when Three Arrows Capital’s claim was increased from $120 million to $1.5 billion. This amendment followed new findings about Three Arrows Capital’s extensive dealings with FTX.
FTX files lawsuits against NFT Stars and Delysium, demanding promised token delivery. The legal push is part of its strategy to recover billions for creditor payouts. The next distribution is scheduled for May 30. FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium.
According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over a year of failed outreach attempts, the exchange has turned to the courts, signaling a new chapter in its battle to claw back lost assets.
“FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.” the company announced via its official X (formerly Twitter) handle.
FTX alleges that both companies repeatedly ignored over a dozen communications, refusing to comply with prior contractual obligations.
Details of the Agreements Reveal Multi-Million Dollar Breaches Court documents lay bare the financial skeletons. In January 2022, Alameda Ventures, now Maclaurin Investment, invested $1 million in Delysium’s AGI token through a Simple Agreement for Future Tokens (SAFT).
The agreement granted FTX 75 million AGI tokens. However, according to the lawsuit, Delysium moved the goalposts, extending the vesting period to 48 months without consent and then outright refusing token delivery.
On the NFT Stars front, FTX had paid $325,000 for 1.35 million SENATE tokens and 135 million SIDUS tokens. While some tokens were reportedly delivered, the rest were never transferred following FTX’s bankruptcy filing.The estate claims over 831,000 SENATE and 83 million SIDUS tokens remain missing, a breach of contract and bankruptcy protections under U.S. law.
A Delysium representative added fuel to the fire by publicly stating in Discord that no tokens would be sent to FTX due to ongoing legal uncertainty. This defiance, now documented in court, has turned what may have been a commercial disagreement into a high-stakes courtroom drama.
Second Round of Repayments Set as Legal Blitz Intensifies As the lawsuits unfold, FTX is preparing to enter the second phase of its creditor repayment plan. Set for May 30, this round includes Class 5 Customer Entitlement and General Unsecured Claims. To return 119% to 98% of eligible claims, FTX’s success in recovering withheld tokens could significantly impact final distributions.
Since its collapse in November 2022, which exposed the mismanagement of over $8 billion in customer funds, FTX has recovered between $14.5 billion and $16.3 billion. The exchange’s founder, Sam Bankman-Fried, was convicted and sentenced to 25 years in prison. Under the stewardship of bankruptcy veteran John Ray III, the FTX Estate has clawed back assets and implemented a strategic legal playbook that is now in full effect.
The recovery battle also mirrors a broader push for regulatory reform. In the aftermath, U.S. lawmakers have proposed the PROOF Act to enforce stricter reserve audits for exchanges. As FTX tightens its grip on missing assets, it could set a precedent for crypto bankruptcy recoveries and token accountability.
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FTX warns more lawsuits coming as it negotiates with other token issuers to recover assets for creditor repayments.
FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld from its estate.
The lawsuits are the latest in its ongoing efforts to reclaim funds and maximize creditor recoveries following its collapse in November 2022.
Token Allegations The defunct crypto exchange announced on April 29 that it had filed two formal complaints after multiple attempts to engage with the firms in question were ignored. The suits allege that NFT Stars and Delysium failed to transfer tokens to which the firm is contractually entitled.
Legal filings in the case against Delysium state that Alameda Ventures, now Maclaurin Investment, paid $1 million in January 2022 for rights to receive 75 million AGI tokens. These coins officially launched in April 2023 with a vesting structure allowing 20% to unlock after 12 months, followed by quarterly releases.
However, Delysium allegedly changed the terms by extending the period to 48 months without FTX’s consent and refused to transfer any tokens, citing ongoing bankruptcy proceedings.
The complaint against NFT Stars claims that the exchange paid $325,000 in November 2021 to secure 1.35 million SENATE tokens and 135 million SIDUS tokens. While some coins were delivered before FTX’s bankruptcy filing, the company asserts that over 831,000 SENATE and 83 million SIDUS remain unpaid.
FTX alleges breach of contract and a violation of the automatic stay triggered by its bankruptcy protection.
You may also like: FTT Skyrockets as SBF Seeks Presidential Pardon While Serving 25-Year Sentence: Report Donald Trump Says No Pardon Issuance to FTX’s Sam Bankman-Fried “We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” the Estate said in a statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.”
The company also confirmed that it is in discussions with several other token issuers and warned that further legal action would follow if they don’t cooperate.
Recovery Efforts These lawsuits come amid the defunct exchange’s broader recovery campaign, which has already seen some success. On February 18, 2025, the company began distributing recovered funds to creditors, starting with approved claims under $50,000 in the Convenience Class.
The next round of disbursements is scheduled for May 30, 2025, with the record date set on April 11. This one will cover Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional approved Convenience Claims.
The initiative follows a court-approved reorganization plan finalized in October 2024 that projects average recoveries of 119% per claim, with some creditors receiving up to 140% in cash. FTX estimates that total asset recoveries will range from $14.7 billion to $16.5 billion, aided by successful recovery efforts from the U.S. Department of Justice and global regulators.
The bankrupt crypto exchange FTX is suing two companies for allegedly not returning digital assets.
In a new statement, FTX says that it filed complaints in US bankruptcy court against token issuers NFT Stars Limited and Kurosemi Inc. for failing to provide FTX with “contractually entitled tokens” as part of a broader effort to recover assets for its creditors.
[adinserter block="1"]
“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.”
The complaints demand that the companies turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs) by FTX’s affiliated trading firm, Alameda Research, via its venture arm, Alameda Ventures.
The complaints also seek punitive damages.
According to court filings, Alameda Ventures, now called Maclaurin Investment, is still owed 831,691 SENATE (SENATE) tokens and 83,169,187 Sidus (SIDUS) tokens from NFT Stars Limited, a non-fungible token (NFT) marketplace.
Maclaurin paid $325,000 for the right to receive a total of 1,354,166 SENATE tokens and 135,416,666 SIDUS token.
In the lawsuit against Kurosemi, the company behind artificial intelligence (AI) agent platform Delysium, FTX alleges Maclaurin paid $1 million to receive 75 million Delysium (AGI) tokens once the token was launched, subject to a vesting schedule. However, FTX says no tokens have yet been received.
The lawsuit also suggests that Delysium does not intend to transfer the tokens.
“In October 27, 2023, the moderator of the Delysium Discord channel wrote: ‘Due to [FTX’s] bankruptcy, we will not be allocating them the tokens.'”
FTX filed for bankruptcy in November 2022 after imploding amid accusations that its then-chief executive, Sam Bankman-Fried, mishandled the exchange’s funds by loaning out billions of dollars worth of customer deposits to Alameda Research.
