Category: Other Crypto News

ECB Digital Euro Standards Deals Target Integration Costs

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The European Central Bank (ECB) said Friday it has signed agreements with three European standards bodies to reuse existing open payment standards for digital euro transactions, as it seeks to reduce integration costs for banks, merchants and payment service providers.  According to the ECB, the agreements with the European Card Payment Cooperation, Nexo standards and the Berlin Group will allow the ECB to use standards covering contactless tap-to-pay payments, merchant-to-payment-provider connections and alias-based payments, such as transactions using a mobile phone number. The ECB said using existing open standards would…

Poland Probes Zondacrypto As CEO Reportedly Flees to Israel

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Zondacrypto’s crisis deepened on Friday after Polish outlet Onet reported that CEO Przemysław Kral had gone to Israel as prosecutors investigate the exchange over alleged fraud and investor losses. According to the report, Kral has been in Israel for about a week and holds Israeli citizenship, a factor that could complicate any potential extradition to Poland. Polish authorities opened an investigation into Zondacrypto last Friday over alleged fraud and investor losses. Cointelegraph also confirmed that Kral’s email address, previously used to communicate with him, has become unavailable. The developments come…

XRP Sends Bullish On-Chain Signal Despite Weak Price Action

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XRP is showing signs of on-chain stabilization despite trading below the average holder cost basis, according to data by Alphractal. The data points to a market still under pressure, but one where network activity, exchange supply and leverage conditions do not resemble a panic-driven breakdown. Alphractal’s asset overview places XRP’s spot price at $1.4343, below its realized price of $1.4862. That gap matters because realized price reflects the average on-chain acquisition cost across circulating XRP. With spot price below that level, the average holder is sitting on an unrealized loss.…

Wisconsin sues Kalshi, Polymarket, others over sports event contracts

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Wisconsin’s lawsuit against Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com deepens the battle between state gambling enforcers and federal regulators over sports prediction markets. Wisconsin’s top law enforcement official has sued a group of fintech and crypto platforms, including Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com, accusing them of facilitating illegal sports betting by offering “event contracts,” according to complaints filed April 23 in Dane County. Attorney General Josh Kaul is seeking preliminary and permanent injunctions to block the companies from offering sports-related markets to customers in Wisconsin and to have a…

XRP Risks 40% Dip Versus Bitcoin Despite Persistent ETF Inflows

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XRP (XRP) has fallen about 5% against Bitcoin (BTC) over the past week, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: XRP/BTC’s descending triangle pattern on the weekly chart points to a possible 40% drop toward 0.000011 BTC. Persistent institutional demand through US-based spot ETFs supports the case for a recovery in XRP price.  XRP’s descending triangle breakdown is underway Since late 2024, the XRP/BTC ratio has been consolidating inside a descending triangle on the weekly time frame. In technical…

Succinct Unveils Zcam Camera App to Combat AI Deepfakes

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Cryptography company Succinct has launched Zcam, an iPhone camera app that cryptographically signs photos and videos at the moment of capture to help prove their authenticity. The company said Thursday that Zcam embeds a tamper-evident record linking media to the device that captured it, allowing viewers to verify that content was not digitally altered or generated by artificial intelligence.  How the Zcam application works. Source: Succinct According to Succinct, the app works by hashing raw image data and signing it using keys generated inside Apple’s Secure Enclave, a hardware-based security…

Metaplanet Raises $50M in Zero-Interest Bonds to Buy Bitcoin

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Tokyo-listed Metaplanet has issued 8 billion Japanese yen ($50 million) in zero-interest bonds to EVO FUND, with the proceeds earmarked for additional Bitcoin purchases, according to a Thursday filing. According to the filing, the 20th series of ordinary bonds matures in April 2027 and is unsecured, giving Metaplanet another source of zero-interest funding as it expands one of the largest corporate Bitcoin treasuries in the market. EVO FUND, a Cayman-based fund at the core of Evolution Financial Group, specializes in structured financings for digital asset-focused companies and is the main…

Will Ethereum Reach $250,000 Before Bitcoin? Here’s What Needs To Happen

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Etherealize, an institutional adoption and advocacy group backed by the Ethereum Foundation, has made a bold prediction, suggesting that ETH could one day reach $250,000 before Bitcoin (BTC). The group said that if Ethereum can capture a share of the combined monetary premium of gold and Bitcoin, the upside could be massive. That target is significantly higher than ETH’s current price of around $2,300, and would require a major shift in how global markets value the cryptocurrency. It would also mean Ethereum could become more than a smart contract chain…

Bitcoin Recovery May Not Arrive Until October, Scaramucci Says

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Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset’s historic four-year cycle despite a more favorable regulatory backdrop in Washington. Speaking on the Thinking Crypto podcast from the Solana Policy Summit, the SkyBridge Capital founder framed the market weakness as a cyclical bear phase rather than a structural break. He said investors had expected a stronger policy-driven rally after the change in US administration, but that whales and long-time holders have continued to sell into ETF-driven…