Key Notes Gespa determined FIFA Collect’s random draw system for NFT distribution constitutes illegal gambling under Swiss Federal Act without proper licensing. The platform generated $52 million in total volume across 2.2 million minted NFTs, peaking at $9.6 million in September during Ballon d’Or festivities. Legal proceedings now move to Swiss prosecutors while the NFT marketplace remains operational and has not issued a public response. The Swiss Gambling Supervisory Authority (Gespa) has lodged a criminal complaint against FIFA Collect, an NFT platform affiliated with the FIFA World Cup, after concluding…
Category: Reviews
Asian Executives Join Forces to Launch $1B Ethereum Trust Fund
Key Notes Former Huobi chief Li Lin partners with early Ethereum backers from Fenbushi, HashKey, and Meitu to create regulated Ether vehicle. The trust has already secured $700 million in commitments and explores using a Nasdaq-listed shell company for structure. ETH consolidates below its 50-day moving average at $3,875, though institutional demand could support long-term price appreciation toward $7,000. A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum ETH $3 845 24h volatility: 1.2% Market cap: $462.96 B Vol. 24h:…
PEPE Price Analysis: James Wynn Goes Long Again After $53M PEPE Liquidation
Key Notes Whale trader James Wynn reentered PEPE markets with 10x leverage positions immediately after liquidation losses totaling over $53 million. Technical analysis reveals confirmed bearish pennant breakdown with RSI at 38.84, suggesting potential retest of $0.0000060 support level. Trading volume spike accompanies price decline, while Bollinger Band widening indicates heightened volatility ahead for the memecoin.Reintentar. Pepe PEPE $0.000007 24h volatility: 5.5% Market cap: $2.80 B Vol. 24h: $696.21 M price tumbled 8% to hit $0.00007 on October 17, mirroring the broader market downtrend. On-chain data shows prominent whale investors…
Arthur Hayes’ Maelstrom Targets $250 Million Private Equity Fund for Crypto Infrastructure Acquisitions
Key Notes Hayes’ family office plans to invest $40-75M annually in four to six companies providing essential cryptocurrency ecosystem services. The fund exclusively targets equity stakes in cash-generating blockchain infrastructure firms, avoiding token-dependent valuations. First close targeted for March 2026, attracting crypto investors, family offices, and institutional backers including pension funds. Arthur Hayes’ family office, Maelstrom, is raising at least $250 million for a new private equity fund to acquire medium-sized crypto infrastructure and data firms, according to Bloomberg. The fund will target companies providing essential services to the cryptocurrency…
Cardano Price Prediction: Money Inflows Hit 3-Month High – the Next ADA Move Could Surprise Everyone
The mixed signals in on-chain activity and technical patterns suggest that ADA is nearing a crucial moment, with massive gains around the corner. Investor Confidence Grows Despite Whale Selling Pressure Following the broader market’s recent recovery, retail investors have actively bought the ADA dip amid 25% weekly price drop. The Chaikin Money Flow (CMF) indicator, which tracks the volume-weighted flow of capital into and out of an asset, has climbed sharply to its highest level in three months. Historically, such spikes in CMF are linked to accumulation phases that often…
CZ Urges BNB Treasury Firms to Use Custodians
Key Notes QMMM has suddenly disappeared with investors’ funds, sparking safety updates. Now, Changpeng Zhao says it is mandatory for the BNB DAT project, looking to secure investment from YZi Labs, to have a third-party custodian. China Renaissance Holdings is looking to invest $600 million in a BNB treasury. As the number of firms investing in a corporate BNB BNB $1 052 24h volatility: 10.8% Market cap: $146.31 B Vol. 24h: $6.03 B treasury increases, Binance founder Changpeng “CZ” Zhao has seen the need to educate them. Recently, he took…
Japan’s Top Banks Unite for Stablecoin Launch
Key Notes Japan’s top three banks will jointly issue yen- and dollar-pegged stablecoins. The move aims to create a unified structure for stablecoin transactions. Sony Bank seeks a US license to launch a dollar-backed stablecoin. Japan’s biggest banks are joining forces to bring stablecoins into the country’s financial mainstream. According to Nikkei, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group will jointly issue digital currencies pegged to the yen and eventually, the US dollar. A Unified Digital Payment System The three banking giants plan to create…
Crypto Liquidations Top $1.2 Billion, Is the Worst Over?
Key Notes CoinGlass data shows that 308,750 traders were liquidated in the crypto industry. Their liquidations ran to the tune of $1.20 billion, with long traders affected the most. Bitcoin price is fast heading towards $100,000 amid cascading selloffs. Over the last 24 hours, 308,750 traders were liquidated in the crypto industry and the total liquidations within this time came in at $1.20 billion. These large liquidations are becoming a trend in the market. At this point, investors and traders are beginning to question the safety of their crypto investments.…
Binance Under French Scrutiny Over AML Compliance
Key Notes The inspections are part of France’s effort to enforce EU-wide crypto rules under the MiCA framework. Binance has faced prior compliance demands and recently refunded $300 million after a market congestion incident. The review comes amid broader EU tensions over crypto supervision, with France, Austria, and Italy urging stricter oversight. Crypto exchange Binance has once again come under scrutiny as French regulators expand their anti-money-laundering investigations over crypto exchanges. Regulators are now evaluating 100 entities registered for offering crypto services to grant permission to operate across the European…
ZKC Token Jumps 63% — What’s Fueling the Rally?
Key Notes ZKC jumps 66% as Upbit lifts its investment warning. 24-hour trading volume surges over 1,300% amid renewed investor confidence. Boundless team clarifies tokenomics after DAXA’s transparency concerns. While most of the top cryptocurrencies like Bitcoin BTC $104 720 24h volatility: 6.0% Market cap: $2.09 T Vol. 24h: $101.06 B and Ethereum ETH $3 724 24h volatility: 7.9% Market cap: $450.30 B Vol. 24h: $55.38 B bled red on October 17, Boundless (ZKC) enjoyed a major rally. The token soared 66% in just 24 hours, currently trading around $0.3039…