As interest in SHIB declines among retail investors, more than half of its holders are
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Get ready for a game-changer in the world of blockchain data! Space and Time (STX), the project backed by tech giant Microsoft, has officially launched its permissionless mainnet. This isn’t just any network launch; it’s designed to bring something truly powerful to the table: ZK-proven data infrastructure. This development promises to transform how decentralized applications (dApps) interact with information, making data more secure, verifiable, and accessible than ever before. What Exactly is Space and Time’s ZK Data Infrastructure? At its core, Space and Time is building a decentralized data warehouse. Think of it as a massive, secure database specifically designed for the needs of Web3. What makes it unique is its focus on cryptographic guarantees, particularly through the use of zero-knowledge (ZK) proofs. Traditional databases require you to trust the operator to provide accurate data. In the decentralized world, where trust minimization is key, this is a problem. Space and Time aims to solve this by allowing anyone to cryptographically verify that the data they are querying is accurate and hasn’t been tampered with, without needing to reveal the underlying sensitive information itself. This is the magic of Zero-Knowledge proofs applied to data querying. The platform is engineered to handle vast amounts of data, both from within blockchain networks and from external, off-chain sources. This capability is crucial for building sophisticated Decentralized applications that need real-world context or data from multiple chains. How Does it Handle Blockchain Data with Zero-Knowledge Proofs? One of the biggest challenges for dApps is reliably accessing and using Blockchain data , especially data from different chains or data that originates outside the blockchain entirely. Space and Time tackles this head-on. Here’s a simplified look at how it works: Data Ingestion: Space and Time pulls data from various sources – multiple blockchains (cross-chain data) and off-chain databases or APIs. Processing: This data is processed and stored in their decentralized data warehouse. Querying: Developers and users can query this data using standard SQL. ZK Proof Generation: For every query, Space and Time generates a cryptographic proof (a ZK proof) that verifies the computation and the integrity of the data returned. This proof confirms that the query was executed correctly on the actual, untampered data set. Verification: Anyone can verify this ZK proof on-chain, ensuring the query result is trustworthy without needing to trust Space and Time itself or see all the data. This process essentially bridges the gap between verifiable on-chain activity and the vast amounts of off-chain data needed for complex applications, all while maintaining a high degree of trustlessness thanks to Zero-Knowledge proofs . Why is This Crucial for Decentralized Applications (dApps)? The launch of the Space and Time mainnet with its ZK capabilities opens up a world of possibilities for Decentralized applications . Until now, many dApps have been limited by their inability to securely and reliably access and verify data beyond their native chain. This new infrastructure changes that. Benefits for dApps include: Enhanced Functionality: Build dApps that react to real-world events, integrate data from various sources (e.g., supply chain data, financial market feeds), or provide analytics across multiple chains. Increased Trust & Security: Users can have higher confidence in dApps that use ZK-proven data, knowing the information driving the application is verifiable. New Use Cases: Enables more complex applications in areas like DeFi (risk assessment based on off-chain data), gaming (integrating real-world game stats), supply chain (tracking goods with verifiable data), and more. Improved Performance: Offloading complex data queries to Space and Time can potentially improve the performance and reduce the costs associated with performing such operations directly on a blockchain. Major networks and developers are already reportedly using or testing this infrastructure, a testament to its potential impact on the dApp ecosystem. The Significance of the Space and Time Mainnet Launch The move to a permissionless Space and Time mainnet is a critical milestone. It means the platform is now open for anyone to build on and utilize its powerful ZK data infrastructure . This shift from a potentially more controlled environment to a fully open one aligns with the core principles of decentralization. This launch signifies that the technology is maturing and ready for broader adoption by developers looking to build the next generation of dApps that require verifiable access to both Blockchain data and off-chain information. Looking Ahead: The SXT Token and Future Impact Adding to the excitement, Space and Time’s native token, SXT, is scheduled for release on May 8. While the exact utility of the token will become clearer upon launch, native tokens in similar ecosystems often play roles in: Paying for data queries and computation on the network. Staking to secure the network or participate in validation. Governance, allowing token holders to vote on the future direction of the protocol. The SXT token launch is expected to further decentralize the network and incentivize participation in its ecosystem. As more Decentralized applications leverage Space and Time’s capabilities, the demand for its services and potentially the SXT token could grow. Conclusion: A Leap Forward for Verifiable Data The launch of the Space and Time permissionless mainnet marks a significant step forward for verifiable data infrastructure in the Web3 space. By combining secure data warehousing with cutting-edge Zero-Knowledge proofs , Space and Time is empowering developers to build more robust, trustworthy, and functional Decentralized applications that can finally bridge the gap between on-chain and off-chain data worlds. This ZK data infrastructure is poised to become a foundational layer for the next wave of innovation in blockchain technology, making secure and verifiable Blockchain data accessible to everyone. To learn more about the latest blockchain data trends, explore our article on key developments shaping decentralized applications’ future capabilities.
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The Movement project continues to face turbulence this week. After the Ethereum Layer 2 project ousted its cofounder yesterday, May 7, Binance announced the delay of a planned airdrop. Citing “ongoing developments related to the Movement project” Binance said in an announcement that it was postponing the airdrop “until further clarity is provided.” An airdrop had been scheduled for approximately six months after Binance’s initial listing of MOVE on Dec. 9. The leading crypto exchange had planned to distribute 5% of the total MOVE supply to its users. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinsky’s legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a 20-year sentence for his actions. Betting markets predicted a light sentence ahead of the May 8 hearing. Polymarket showed only 11% odds for a 20-year sentence or higher. Source: Polymarket President Donald Trump began his second term with high-profile pardons of crypto executives, signalling that his administration may bring leniency to crypto fraudsters like Mashinsky. His sentencing today, however, suggests otherwise. Trump’s DOJ wants Mashinsky sentence to serve as a warning Crypto-related crimes have their limits, according to the current US Department of Justice. Jay Clayton, the Trump-nomianted US attorney leading the prosecution, said on April 28 that the suggested 20-year sentence serves as a “critical warning to other entrepreneurs, executives, and promoters in the cryptocurrency industry and in any future industry as-yet unconceived: that fraud will be punished severely, regardless of the technology or industry in which it occurs.” Bitcoin advocate Jameson Lopp quotes the prosecution’s argument that Mashinsky targeted retail investors. Source: Jameson Lopp Clayton argued that a strong sentence was warranted as the fraud targeted unsophisticated retail investors rather than institutional parties with protections and expertise. Mashinsky “preyed on ordinary individuals who relied on his promises of safety and financial security.” The Mashinsky defense team drew attention to Mashinsky’s character, highlighting his long career in business, devotion to family and service with the Israel Defense Forces. His lawyers also drew distinctions between Mashinsky’s case and that of Bankman-Fried, claiming, “There are no allegations — let alone any proof — that Alex misappropriated, embezzled or stole any customer assets or any Celsius money.” On May 5, Mashinsky’s legal team argued that these mitigating factors should warrant a sentence of no more than 366 days. “The government’s venom-laced submission recasts this case as one involving a predator with an intent to target victims, harm them, and steal their money,” his team said. Mashinsky’s lawyers called the suggested 20-year term a “death-in-prison sentence.” Mashinsky’s sentence follows high-profile Trump pardons for crypto execs Trump started his term with the pardon of Silk Road 2.0 founder Ross Ulbricht, whose acceptance of Bitcoin ( BTC ) on his narcotics trading platform endeared him to the crypto community. The president also commuted the sentences of Arthur Hayes, Benjamin Delo and Samuel Reed, three BitMEX crypto exchange executives who pleaded guilty to violating the Bank Secrecy Act and failing to establish a proper Anti-Money Laundering program. Sam Mangel, a consultant to white-collar convicts who advised former Trump staffer Steve Bannon and Bankman-Fried, told Politico there has been a large spike in interest in presidential pardons. “Everybody that is in prison now is keenly aware of the environment, and it’s become a very hot topic within the low- and minimum-security inmate communities,” said Mangel. Related: US stablecoin bill loses democrats amid Trump corruption concerns High-profile crypto defendants seem to have taken notice, too. Roger Ver, an early Bitcoin advocate and libertarian activist, is facing federal tax evasion charges. In January, he released a video making an outright plea to Trump for a commutation. Ver claimed that he is the victim of lawfare and likened his persecution to Trump’s legal problems following the Jan. 6 scandal. Sam Bankman-Fried, the disgraced former CEO of now-defunct exchange FTX, likened his court experience with Trump’s defamation lawsuit in an interview with The New York Sun on Feb. 18. He claimed his trial was politicized under the Biden administration and that he didn’t think there was “a very fair and balanced view or approach.” His parents also reportedly met with lawyers and people close to the Trump administration to explore the possibility of a presidential pardon. Trump’s commutation of the BitMEX executives has even led former Binance CEO Changpeng Zhao to apply for clemency. On May 6, Zhao said that his lawyers had submitted an application and were awaiting a response. The current administration is still writing the rules of the road as regulators reshuffle personnel and priorities and new legal frameworks for crypto take shape. The picture is further muddled by Trump’s own crypto projects, which have raised concerns over corruption and conflicts of interest. Mashinsky’s sentence shows that, for the financial world, certain crimes will not go unpunished. Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K
A market analyst has reignited the debate over XRP’s long-term price potential, asserting that historical precedent supports the possibility of significant gains. Despite the skepticism surrounding ambitious forecasts, the analyst suggests that XRP could eventually rise to $1,000, referencing its exceptional performance during the 2017–2018 bull cycle. Price Behavior and Analyst Optimism Over the past quarter, XRP has maintained a largely sideways trading pattern, fluctuating between localized highs of around $3 and lows near $1.60. This extended period of consolidation has fueled both doubt and hope within the community. While some market observers view this stagnation as a signal of limited growth, others, including analysts such as BarriC , remain optimistic about XRP’s long-term trajectory. People will always say something can’t be done…. Until it happens It happened with $XRP in 2017-2018 when it went from $0.006 to $3.80 And it will happen with #XRP going from $2 to $1,000 — BarriC (@B_arri_C) May 7, 2025 Matthew Brienen , Chief Operating Officer of CryptoGuard, is among those who believe XRP could eventually reach between $100 and $1,000 over the next decade. His outlook aligns with other bullish commentators who continue to reference XRP’s historical precedent to support long-term growth scenarios. Reviewing XRP’s 2017–2018 Bull Run BarriC’s perspective is rooted in XRP’s dramatic performance in the previous market cycle. In early 2017, XRP was trading at approximately $0.0055. Over the following nine months, it experienced a series of substantial gains, culminating in an all-time high of $3.80 in January 2018. This climb represented a staggering increase of nearly 69,000%. Notably, the asset did not follow a straight trajectory to its peak. Initial momentum carried the price up to nearly $0.40 by May 2017, followed by a period of consolidation that lasted until late in the year. The next leg of the rally began in November and drove XRP to its record high in January 2018. BarriC uses this past surge to argue that sharp, unexpected price increases are not without precedent for the token. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Skepticism and Market Cap Considerations Despite the optimistic outlook, many experts remain unconvinced that XRP can replicate this level of growth, particularly to the extent of reaching $1,000. Critics highlight the issue of market capitalization. At that price, XRP’s fully diluted valuation would approach $100 trillion, several times higher than the total market capitalization of gold, which is widely regarded as one of the most valuable global assets. Financial commentator Rajat Soni has strongly dismissed such projections, stating that even targeting $100 is fundamentally unrealistic. He has gone so far as to question the rationality of those who believe such valuations are feasible. While projections of XRP reaching $1,000 are met with significant resistance from financial analysts, proponents like BarriC remain confident that history could repeat itself. Drawing parallels to the asset’s 2017–2018 rally, they maintain that what once seemed improbable ultimately became reality. Whether XRP can achieve similar results again remains a subject of intense debate within the crypto community. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Reveals Why XRP Could Surge to $1,000 appeared first on Times Tabloid .
The founder of the once-prominent crypto lender had requested a more lenient prison sentence of one year and a day.
Meta plans a cryptocurrency comeback, seeing a vast global market potential. Stablecoins are under consideration for payment solutions by Meta. Continue Reading: Meta Revives Crypto Ventures for Global Market Expansion The post Meta Revives Crypto Ventures for Global Market Expansion appeared first on COINTURK NEWS .
Futureverse, an AI and metaverse technology platform, officially launched RakutenWallet.Pass on Thursday in partnership with Rakuten Wallet, a new initiative aimed at simplifying the Web3 experience for millions of users. Rakuten, a cash back platform available at over 3,500 stores, reported more than 147 million users as of Q4 2024. The company, which launched Rakuten Wallet in 2019, has been a vocal supporter of Web3 and blockchain innovation via its Rakuten Blockchain Lab, established in 2016. And with this latest upgrade, users have instant access to Web3 features like digital ownership and immersive brand experiences, according to a press release viewed by The Defiant. Powered by Futureverse’s Layer 1 blockchain, The Root Network, RakutenWallet.Pass provides secure login and interoperability across platforms while eliminating technical challenges. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io