Month: May 2025

KuCoin to reenter South Korea after securing key markets: CEO

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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’

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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

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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…

Ripple Labs Locks 700,000,000 XRP in Escrow, Price Reacts

Key Notes Ripple initiated a 700 million XRP lock-up in its monthly escrow transaction campaign. The payments firm has stayed in the spotlight recently regarding its acquisition moves. XRP price has maintained a mild uptick despite the market liquidity flush. Blockchain payment firm Ripple Labs Inc has locked 700 million XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B in escrow as part of its monthly rebalancing campaign. According to insights from Whale Alert, the action was completed in three distinct transactions of 500 million,…

Fastex Launches YoWallet, New Crypto Wallet

This content is provided by a sponsor. PRESS RELEASE. Fastex has announced the launch of YoWallet, an upgraded version of its existing Fastex Wallet app. The migration process has already started, allowing users to transition smoothly to YoWallet to benefit from enhanced functionality and performance. YoWallet introduces several enhancements, including real-time notifications for wallet activities, […] Source CryptoX Portal

Bitcoin hodler unrealized profits near 350% as $100K risks sell-off

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Key points: Bitcoin long-term holders are about to hit a level of unrealized profit, which has traditionally caused them to sell. That level coincides with the return to a six-figure BTC price. Order book data suggests that bulls may not succeed in keeping the upside going. Bitcoin (BTC) risks a “notable increase” in selling from its older investors if price rises further, warns onchain analytics firm Glassnode. In the latest edition of its regular newsletter, “The Week Onchain,” researchers calculated that long-term holders (LTHs) are sitting on almost 350% unrealized…

Ethereum ‘Running Out Of Time’? ATH May Not Come This Cycle

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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. As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new…

Metaplanet doubles down on Bitcoin with ¥3.6 billion bond raise

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Japanese Bitcoin treasury firm Metaplanet is ramping up its crypto accumulation strategy with a fresh ¥3.6 billion ($23 million) bond issuance to buy more Bitcoin. Metaplanet, a Japanese firm known for its aggressive Bitcoin (BTC) treasury strategy, has issued ¥3.6 billion (approximately $23 million) in bonds. This marks the company’s 12th bond issuance, and the capital raised will support its goal of amassing a larger Bitcoin reserve. The company has already made significant progress in its BTC accumulation strategy, having recently recently surpassed 5,000 BTC in its treasury. The proceeds…

Movement Labs suspends co-founder following MOVE market turmoil

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Movement Labs confirmed the suspension of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered. Movement announced the suspension of Manche in a May 2 X post, explaining that the “decision was made in light of ongoing events.” The decision follows Coinbase’s recent decision to suspend the Movement Network (MOVE) trading, citing the token’s failure to meet its listing standards. Source: Movement The suspension came after a recently announced third-party review requested by the Movement Network Foundation into an agreement orchestrated by Manche with Rentech…

Haedal Protocol Jumps 25% After Bithumb Listing

Key Notes HAEDAL surged over 25% after its Bithumb listing, nearly reclaiming its all-time high of $0.1744. Built on the Sui, Haedal Protocol offers liquid staking with governance, reward boosting, and more. Open interest in HAEDAL futures jumped 128% in 24 hours, signaling strong momentum. The HAEDAL token has surged by over 25% in the past 24 hours following the news of its listing on Bithumb, one of South Korea’s largest crypto exchanges. Trading at $0.1602 after hitting an intraday high of $0.1742, HAEDAL came within a hair’s breadth of…