Day: May 2, 2025

Movement (MOVE) Tanks 21%: Will Prices Recover Above $1?

Key Notes MOVE dropped over 21% in 24 hours, hitting its lowest price ever. Co-founder Rushi Manche was suspended following a controversial market-making deal. Coinbase will halt MOVE trading on May 15 due to listing standard violations. Ethereum layer-2 project Movement’s native cryptocurrency, MOVE, nosedived to a record low of $0.185 today. At the time of writing, the token is trading around $0.19, down by 21%, following a series of controversies. The price drop follows the suspension of the project’s co-founder Rushi Manche by Movement Labs. This disciplinary action comes…

Bitcoin dominance soars above 64%: altcoins face uphill battle

boss

Bitcoin’s dominance relative to other major cryptocurrencies continues to soar reaching a new 4-year high. Bitcoin’s (BTC) dominance has surged to 64%, a four-year high, signaling its unrivaled strength in the cryptocurrency market. This metric, which measures Bitcoin’s share of the total crypto market capitalization, reflects a growing preference for Bitcoin as a safe haven amid economic uncertainty. As BTC’s price hovers above $96,000, institutional inflows via ETFs and corporate treasury adoption, like Metaplanet’s 5,000 BTC holdings, are fueling this rally. But what does this mean for other major blockchain…

Bumble Will Use Google Wallet’s ZKPs for Age Verification

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Metaplanet Sells $25 Million in Bonds to Expand Bitcoin Holdings

Key Notes Metaplanet issues $25M in bonds to purchase additional Bitcoin. The bond was sold entirely to EVO Fund, maturing on October 31, 2025. Metaplanet aims to reach 100,000 BTC by the end of 2025. Japanese investment firm, Metaplanet, announced that it was issuing bonds worth 3.6 billion yen (around $24.8 million) to buy additional Bitcoin. This follows a meeting of Metaplanet’s Board of Directors on May 2, 2025, where they discussed issuing the 12th Series of Ordinary Bonds to the bondholder, EVO FUND. The bonds are set to be…

Goldman Sachs Expands Into Crypto Trading and Tokenization

Key Notes Goldman Sachs aims to expand its crypto trading operations. The firm is exploring crypto lending and asset tokenization. Expansion plans await regulatory approval from authorities. Goldman Sachs recently announced its intention to strengthen its presence in the crypto ecosystem through initiatives in tokenization and lending. This was revealed by Matthew McDermott, the bank’s global head of Digital Assets, while speaking with CNBC’s Dan Murphy during the TOKEN2049 event in Dubai. McDermott explained that the investment bank is planning to expand its crypto trading operations, while also exploring opportunities…

XRP Poised For Final Flush Before Breakout: Crypto Analyst

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP opened the new month perched against a chart inflection that popular trader CasiTrades (@CasiTrades) describes as “one of the most important structural levels” for the token this cycle.…

KuCoin to reenter South Korea after securing key markets: CEO

boss

Crypto exchange KuCoin said that it may reenter South Korea after its platform was blocked in the country.  On March 21, South Korean regulators ordered Google Play to block access to exchanges that were not compliant with the requirements needed to operate in the country. On April 11, South Korea’s Financial Services Commission (FSC) ordered the Apple Store to block unregistered crypto exchanges.  KuCoin was among those affected by the country’s crackdown on unregistered platforms that were previously available. While the platform is now unavailable to South Koreans, it has…

Trader Says Top-30 Decentralized Exchange Altcoin Could Surge by 150% if Bitcoin Remains ‘Healthy’

boss

A closely followed analyst believes that one top-30 altcoin may put up massive gains in the near term. Pseudonymous analyst Altcoin Sherpa tells his 245,300 followers on the social media platform X that the utility token of the decentralized open financial system Hyperliquid (HYPE) may increase 150% from its current value as it prints a bullish pattern on the daily chart. “Bought a small HYPE perp position [April 30th]; not sure how long I’ll hold for. Still one of the best utility coins and projects out there and it’s slowly…

EU to ban anonymous crypto accounts and privacy coins by 2027

boss

The European Union is set to impose sweeping Anti-Money Laundering (AML) rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027. Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies, such as Monero (XMR) and Zcash (ZEC). “Article 79 of the AMLR establishes strict prohibitions on anonymous accounts […]. Credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts,” according to the AML Handbook, published…