XRP appeats to be back in legal crosshairs as Oregon sues Coinbase over unregistered securities, listing the token among 31 assets allegedly sold in violation of state law. In the ongoing regulatory saga, Oregon’s lawsuit against crypto exchange Coinbase has drawn attention for reviving a familiar classification: more than 30 tokens, including XRP ( XRP ), are once again labeled as securities, as noted by Paradigm’s vice president of regulatory affairs Justin Slaughter. More to come, but one thing that jumps out about the Oregon AG suit is it actually covers many more tokens than the SEC complaint did, with 31 tokens claimed to be unregistered securities, including UNI, AAVE, FLOW, LINK, MKR, and even XRP. It's a true kitchen sink lawsuit. https://t.co/PpnSqoWcgM pic.twitter.com/0ZSmPeFiwG — Justin Slaughter (@JBSDC) April 21, 2025 In an X post on Monday, Slaughter published an excerpt of the filing, reading that Coinbase has made available for trading in Oregon crypto assets that are offered as securities. You might also like: Coinbase secures more SEC documents on Ethereum 2.0 investigation The complaint lists dozens of assets by name and symbol, including Aave ( AAVE ), Cardano ( ADA ), Algorand ( ALGO ), Solana ( SOL ), Uniswap ( UNI ), and XRP. The lawsuit goes on to state that Coinbase, through the Coinbase Platform and Prime, made available for trading in Oregon crypto assets that “are offered and sold as investment contracts, and thus as securities.” These assets, the lawsuit notes, could be traded “for consideration, such as U.S. dollars, fiat currencies, or other crypto assets.” Each unit of a listed asset, it adds, “trades at the same price as another unit of that same asset.” The SEC dropped its own case against Coinbase in February 2025. Coinbase’s chief legal officer Paul Grewal called the Oregon action a “copycat,” warning it could “hinder ongoing bipartisan efforts in Congress” to pass national crypto rules. Read more: Crypto-friendly Paul Atkins sworn in as 34th U.S. SEC Chairman
As Bitcoin kicks off the week with renewed strength, climbing past $88,500 — it’s highest point since March 25, speculation is growing that an altcoin season may be just around the corner A recent X post by a well-known analyst Miles Deutscher has reignited the excitement about the upcoming altcoin season, highlighting two technical developments that may give rise to major altcoin rallies in the coming weeks. First, Deutscher highlighted a stark divergence between Bitcoin ( BTC ) and U.S. equities. While the S&P 500 has trended lower in recent weeks, weighed down by macroeconomic uncertainty and trade tensions, Bitcoin has moved decisively higher — up over 3% on Monday alone and continuing to climb past $88,500 today. Source: @milesdeutscher This divergence comes as gold recently surged to a new all-time high, briefly touching $3,500 before pulling back to $3,455 at press time. Historically, strong performance in gold precedes upward moves in BTC, reinforcing the idea that BTC may once again be viewed as a safe-haven alternative . You might also like: Gold hits new ATH at $3,390, is Bitcoin close behind? This combination of BTC breaking away from equities and reestablishing its correlation with gold is laying a foundation for altcoin resurgence, as BTC rallies often set the stage for altseason . The case is further strengthened by Deutscher’s second observation that the altcoin market cap appears to have formed a triple bottom — a bullish pattern where prices test and rebound from the same support level three times, signaling a potential trend reversal. Source: @milesdeutscher At the same time, institutional confidence in BTC appears to be increasing. U.S.-based spot Bitcoin exchange-traded funds recently posted their highest daily inflows in three months, driven by a resurgence in risk-on sentiment following Trump’s renewed threats to dismiss Federal Reserve Chair Jerome Powell. Additionally, stablecoins — a proxy for crypto liquidity — have seen significant growth over the past eight months, with Tether’s ( USDT ) market cap growing 26% and USD Coin’s ( USDC ) market cap surging 93% over the same period. This suggests that capital is continuing to flow into crypto despite the ongoing trade tensions. Still, some analysts remain skeptical about an imminent altseason. Matrixport recently pointed to the lack of dovish Fed policy and Ethereum’s declining dominance as factors that continue to dampen sustained interest in altcoins. So, if altseason is indeed on horizon, it’ll likely to take a while to materialize. The CoinMarketCap Altcoin Season Index is currently sitting at just 16 — well below the 75 threshold that typically signals altcoin season is underway. Source: CoinMarketCap You might also like: Bitcoin ETF inflows hit 3-month high amid Trump-Powell tensions
WazirX plans to reopen after court approval for its restructuring plan. The hack in July 2024 resulted in a loss exceeding $230 million. Continue Reading: WazirX Prepares for Relaunch After Major Hack, Court Approval on the Horizon The post WazirX Prepares for Relaunch After Major Hack, Court Approval on the Horizon appeared first on COINTURK NEWS .
VICTORIA, Seychelles, April 22, 2025 /PRNewswire/ — A report released by MEXC , a leading global crypto exchange, indicates that airdrop campaigns account for approximately one-third of new user registrations during peak months. The numbers showcase the effectiveness of airdrops as a marketing instrument that crypto projects can leverage to attract new audiences and bootstrap engagement. The report also highlights the importance of ongoing structural shifts taking place in the industry across regions, as well as user motivation swings. Key Takeaways: Peak user acquisition rates driven by airdrops reach up to 35% in certain months. User behavior is influencing airdrop campaign participation through deeper mobile penetration and the involvement of gamification mechanisms. 76% of users who sign up via airdrop campaigns remain on the platform , with 18% becoming active traders and 58% trading occasionally. The CIS region leads in terms of involvement at 67% , followed by Southeast Asia at 51%, and South Asia at 32%. Airdrops are evolving into a means of financial inclusion, in addition to acting as an effective marketing instrument. MEXC analyzed user behavior during airdrop campaigns and identified a significant shift in the audience. While regions with low levels of access to banking services previously served as the main source of airdrop participants, the latest report indicates that new channels of user onboarding are ousting the trend. Gamification and Tap-to-Earn games in mobile-based Telegram channels are taking center stage as key registration sources for users with no previous experience in crypto. For instance, games like Hamster Kombat attracted over 70 million users, other notable examples of similar grade being Notcoin and Yescoin. According to the data compiled as a result of the research, users who received their first airdrop tokens demonstrated varying degrees of continued involvement in the crypto industry. As many as 18% maintained active trading patterns and delved deeper into crypto services, 58% traded occasionally, while 24% were one-off users, withdrawing their funds without further engagement in trading. The users who evolve into active traders showcase an average daily trading volume above $58,000, with select ones achieving $31 million. Regional segmentation of the users attracted via airdrops shows that the CIS is in a leading position, with 67% of the total, followed by Southeast Asia at 51%, and South Asia with 32%. The results of the analysis correlate with low levels of access to banking services in the given regions. They also align with data provided by Chainalysis, which positioned India, Vietnam, and the Philippines as the countries in Asia with the highest rates of crypto adoption, driven by low levels of banking services access and rapid spread of internet coverage in rural areas. The limited financial inclusion of the countries in the indicated regions into the international banking system paves the way for cryptocurrencies to act as alternative means of payment both abroad and within domestic economies. Users participating in airdrops either withdraw them to fiat or use them for their needs. Pakistan and the Philippines are leading in this regard. The report released by MEXC highlights the prominent role airdrops are occupying in the evolving crypto landscape, transforming from a marketing action into a separate instrument for user engagement. The ability to attract 35% new user registrations via airdrops in select regions like the CIS and Asia is a powerful factor acting in favor of using the given approach to expanding the crypto industry and advancing its maturity. About MEXC Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. For more information, visit: MEXC Official Website | X | Telegram | How to Sign Up on MEXC
The recent movement of tokens by a prominent Solana whale underscores a significant profit-making opportunity in the booming crypto market. Reportedly, this whale amassed substantial gains through a strategic staking
Paul Atkins just stepped in as the new chair of the SEC. XRP (XRP-USD), in particular, could be one of the biggest beneficiaries. The token has fou...
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A Solana address with over 1 million tokens is sitting on more than $153 million in profit after a four-year staking play on the crypto asset. Blockchain analytics firm Lookonchain flagged the wallet address of a whale that staked nearly 1 million Solana ( SOL ) tokens in 2021. At the time of the staking, Solana tokens were worth around $27, which means the trader spent about $27 million to execute the play. Four years later, the whale’s total staked Solana holdings have reached 1.29 million. With Solana appreciating to about $140, the whale’s holdings have increased in value to about $180 million. On April 22, the whale started offloading a portion of the token stash to cash out on the gains. Lookonchain reported that the whale had unstaked 100,000 SOL tokens (about $14 million) and sent them to Binance. Sending tokens to crypto exchanges often indicates an intent to sell. Lookonchain said the whale still has 1.19 million Solana, worth around $166 million. Since the trader spent $27 million on the play, the total unrealized profit for the address is about $153 million. Source: Lookonchain Solana whales turn $37 million to $200 million in four-year play The Solana whale’s unstaking and token offloading follow another Solana staking play that involved hundreds of millions earlier in April. On April 4, Arkham Intelligence data showed four wallets that staked $37 million in tokens in 2021 had their tokens unlocked, meaning they can unstake and sell them. The blockchain intelligence platform called the event “the largest single-day unlock of staked SOL.” During the unlock, the tokens were worth over $206 million. After the tokens were unlocked, about $50 million in tokens were sold. Related: Babylon total value locked drops 32% as wallets unstake $1.2B in Bitcoin Solana briefly flips Ethereum in staking market cap As many whales have turned to Solana for staking plays, the network briefly flipped Ethereum in the staking market cap. On April 20, the blockchain overtook Ethereum in staked token value after reaching over $53 billion. Still, the event was short-lived as Ethereum recovered the top spot. While the event may seem bullish, community members were split on whether Solana overtaking Ethereum was bullish or bearish for the network . Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
The post Why SUI, Solana’s Biggest Rival, Could Skyrocket to $10 – Here’s Why! appeared first on Coinpedia Fintech News SUI, a blockchain project that many now call Solana’s biggest rival, is suddenly back in the action. Over the past week, its price has jumped nearly 25%, going from $1.86 to around $2.32 . But this quick surge is just part of a much bigger picture. Several signs are pointing to something much bigger on the horizon for this rising Sui token. Sui Stablecoin Inflows Hit Record High SUI was once seen as one of the worst-performing assets this year, with its price falling nearly 60% since January. But things started to change in March and April, as the token began showing signs of a strong comeback. In the last week alone, the SUI network saw a major jump in stablecoin activity. Around $60 million worth of stablecoins flowed into the network in just 24 hours, marking a new record. This surge has now placed SUI among the top blockchain networks when it comes to stablecoin inflows, even outpacing giants like Ethereum and Solana. SUI Showing Strong Bullish Signals Adding even more excitement, popular crypto analyst Raoul Pal has shared a very bullish outlook for the token. Looking at the SUI’s 1-day price chart, Pal believes the coin is close to breaking out of a downward trend and may be ready for a strong rally. Sui – Knock knocking knocking on heavens door… $SUI pic.twitter.com/LbBiYzRzNR — Raoul Pal (@RaoulGMI) April 21, 2025 Supporting this view, another well-known crypto trader, Capital Faibik, points to a “falling wedge” pattern forming on SUI’s chart. This pattern often signals a breakout, and if that happens, he believes the price could surge to around $4.80. Big Prediction: SUI to $10? But the most eye-catching prediction comes from investment giant VanEck. The firm, which manages over $116 billion in assets, says SUI could rise by more than 350% and hit $10 by the end of 2025. This prediction seems more likely now, as Canary Capital Funds has just filed for the first-ever SUI token ETF. This move could attract institutional investors, which usually helps the asset grow in the long term. SUI Price Analysis As of now, SUI is currently trading at $2.32, showing a 1.5% increase in the last 24 hours, with the market cap reaching $7.5 billion. Looking at the charts, it’s clear that the bulls are in control. The RSI has jumped from 48 to 68 , indicating renewed buying activity. Plus, the MACD has turned bullish, showing that the trend could continue its upward trajectory. The token recently broke past a critical resistance at $2.25, a level that now offers solid support. If SUI keeps pushing forward, the next resistance point to watch is $2.78. A breakout above this could lead to a rise toward $3.17.
Bitcoin traded at $88,447 on April 22, 2025, securing a market capitalization of $1.75 trillion. Over the past 24 hours, it moved within a tight range of $86,664.84 to $88,874 on a trading volume of $36.36 billion, reflecting consolidation within a prevailing uptrend. Bitcoin On the 1-hour chart, bitcoin exhibited a consolidative structure marked by