A widely followed crypto analyst says several indicators are suddenly flashing bullish for Bitcoin ( BTC ). In a new video update, crypto strategist Jason Pizzino tells his 350,000 YouTube subscribers that Bitcoin may be gearing up for an explosive move to the upside after breaking out into the mid-$90,000 range. “Bitcoin broke March’s monthly high, which canceled the macro bearish signal from the top, the signal which essentially called the top in December and January, the signal that called the top from March 2024 that led to a 30%-plus correction. Same sort of deal here, and this time on the macro it has hit a higher price, now canceling those three red signals down.” Source: Jason Pizzino/YouTube Next up, he says the weakness of the US dollar as measured by the US Dollar Index (DXY) indicates Bitcoin may trend higher based on historic precedent. The US Dollar Index is a benchmark of the value of the US dollar compared to a basket of other widely traded global currencies. A DXY on an uptrend indicates a strengthening US dollar, while a downtrending DXY indicates a weakening US dollar. “On top of this, the US dollar has closed at its lowest price in around 37 months. This is on the weekly chart, and the monthly is coming up in just three days time. Typically, when this happens, we see another big move to the upside from BTC. So this, on top of what we’ve already seen with the Bitcoin price and the signals getting canceled on the bearish charts, is looking likely that we’ve got further upside to go here for BTC.” Source: Jason Pizzino/YouTube Lastly, he says that another factor that suggests Bitcoin’s price will rise is the fall in Tether ( USDT ) dominance – the ratio of USDT’s market cap relative to the rest of the crypto assets. “In addition to that, the USDT dominance is also breaking down, breaking past key levels that we’ve been following, however, still holding above the elusive 50% level.” Source: Jason Pizzino/YouTube Bitcoin is trading for $95,252 at time of writing, up 2.5% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Big Move to the Upside’ Likely Coming for Bitcoin As Several Indicators Flash Green: Jason Pizzino appeared first on The Daily Hodl .
The post Gate Dubai Secures Full Operational Licence from VARA for Crypto Exchange Services appeared first on Coinpedia Fintech News Gate Group has officially announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been granted a full Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). The license allows Gate Dubai to offer exchange services to institutional, qualified, and retail investors, reinforcing Gate Group’s commitment to regulatory compliance and global expansion. Gate Group is proud to announce that Gate Dubai secures Full Operational Licence from VARA in Dubai. From Asia to the Middle East, compliance has always been our shared belief. Looking ahead, we will continue to walk hand in hand to build a more trustworthy global crypto… pic.twitter.com/jv6YZGeaDe — Gate Africa (@gateio_african) April 29, 2025 A Major Milestone for Global Strategy Dr. Han, CEO and founder of Gate Group, described the full VARA license as a significant achievement for the company. He noted that Dubai is one of the most forward-looking markets for crypto, and securing this license moves Gate Group closer to its goal of becoming a fully compliant global platform. Dr. Han emphasized that the company remains focused on building a secure, transparent platform designed to protect its users. Gate Dubai is now preparing for its full launch. The team is expanding rapidly, and the platform will soon allow users to trade cryptocurrencies with each other or swap crypto for fiat currencies — all under the strict regulatory framework set by VARA. Gate Dubai to Boost Local Crypto Market The Head of Gate Dubai stated that the company plans to combine its global expertise with the local market’s needs. By aligning with Dubai’s fast-growing crypto ecosystem, Gate Dubai aims to deliver safe, fast, and professional services, fully compliant with local regulations. The company sees Dubai as a critical part of its future expansion plans. Growing Global Compliance Network Dubai’s rise as a crypto hub played a key role in Gate Group’s decision to enter the Middle East market. The Group’s compliance-first strategy has already secured regulatory approvals across Lithuania, Argentina, Malta, Italy, Gibraltar, the Bahamas, and Hong Kong. Gate Group also expanded its global footprint last year by acquiring Coin Master, a licensed exchange in Japan. These efforts further strengthen its position among leading players focused on regulatory compliance and global reach.
TARS AI, an up-and-coming AI agent infrastructure project that’s being built on the Solana blockchain, has seen its token $TAI shoot up by 76% lately, pushing its market cap to $74 million. It’s been a mix of smart team moves—and a big entrance into the NVIDIA Inception Program—that’s driven the rapid rise in price and market interest. AI Agent project TARS AI surges 73% — Why? TARS AI, an AI Agent project on the Solana blockchain, has surged 76%, with a current market cap of $74M. TARS is the AI infrastructure backed by the Solana Foundation, offering an advanced AI agent marketplace to create, trade, and… pic.twitter.com/ARai86gYJu — Followin (@followin_io) April 27, 2025 The endeavor that offers a decentralized AI agent marketplace is hoping to land at the front of Solana’s burgeoning AI ecosystem. TARS AI is letting users and developers create, trade, and interact with AI commodities—comprising everything from automated agents to tokenized datasets—on a highly scalable, low-cost infrastructure. Buyback Plan Spurs Market Momentum One of the most immediate catalysts for the recent price surge is the newly announced token buyback plan from TARS AI. According to official statements from the project team, they will repurchase up to 15 million $TAI tokens over the next three to four weeks. The buyback is estimated to be worth around $1.8 million based on current prices. Buyback mechanisms are a widely understood strategy in both traditional finance and cryptocurrency for signaling project confidence, decreasing circulating supply, and propping up token price. When TARS AI executes a multi-million-dollar buyback, it quite clearly conveys to the market that the team sees strong growth potential ahead and is willing to reinvest into the project, with the end goal being the long-term health of the ecosystem. The announcement was received very well by the community and investors, particularly because of the prevailing uncertainty in the broader market. Well, the $TAI token did respond positively and very sharply. It surged up—over 70% in a very short time frame, driven by not just retail but also quite a bit of institutional interest. it's been just 1 month since my last updated on $TAI @tarsprotocol team dropped some important updates stop lookin' at the charts, it's time to build here's that — — — Tars AI Market TARS AI just dropped the AI Market — built fully onchain, running on Solana. here’s… pic.twitter.com/qzBuCEhfGL — RaArΞs (@RaAr3s) April 2, 2025 Observers of the market say that the buyback plan aligns with a broader strategy by the TARS team to recommit to value creation and sustainability. If taken fully, the purchase could sharply cut available supply and establish a strong floor price, especially with the kind of demand that’s building for AI infrastructure projects. NVIDIA Partnership Marks Strategic Leap for AI Expansion Adding more fuel to the already strong bullish sentiment surrounding the project, the team behind TARS AI recently announced that they got accepted into the NVIDIA Inception Program—an event that could prove nothing short of transformational for the project’s long-term prospects. The Inception Program is NVIDIA’s seed accelerator that supports startups pushing the frontiers of AI, data science, and accelerated computing. Besides many other forms of support, the program gives projects direct access to NVIDIA’s technical resources, which could make a huge difference for TARS AI. As per information from insiders, the NVIDIA ecosystem now fully encompasses TARS AI. This means that scientists at NVIDIA work directly with TARS on the kinds of problems that make their platform unique—problems not directly related to access and applications of the infrastructure NVIDIA provides, but access to and use of the infrastructure in agentic AI system applications, robotics, and tokenized data. TARS also participated in its first in-person appearance at NVIDIA’s flagship event, GTC 2025, where it presented its platform and looked for opportunities to get more deeply and technically partnered with NVIDIA. NVIDIA’s Inception Program validates TARS AI as a significant contender in the AI sector. The project benefits in several key ways. Being part of the program allows TARS AI to access resources and mentorship that are helping it develop the next generation of AI tools, particularly in the area of decentralized, agentic systems. Aside from enhancing the capabilities of the TARS technology stack, the program may also—by virtue of NVIDIA’s vast reach in the industry—help TARS AI scale its AI marketplace. These developments should serve to boost how useful $TAI is across all echelons of the platform. Whether it is being used to power intelligent agents or to manage tokenized datasets, the link with NVIDIA intensifies the very infrastructure that is TARS and makes the project that much more credible to investors, developers, and partners. The narrative around AI keeps changing. And on that Web3 narrative arc, projects like TARS AI are seen as key critical infrastructure to marry decentralized technologies with advanced AI. Why? Because TARS (short for The Artificial Reality Simulator) is a Solana-based token that, through a combination of favorable circumstances, seems to be gaining not just in the token performance department but in favorable regard as a vehicle for its expressed revolutionary mission: to AI democratization. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The momentum for 2025 is building quickly, and smart investors are already moving into strategic opportunities. Bitcoin (BTC) continues leading the digital asset landscape, Ethereum (ETH) drives smart contract expansion, Ripple (XRP) strengthens global payments, and Solana (SOL) pushes blockchain speed to new heights. Now, MAGACOINFINANCE is entering the conversation as a rare early-stage opportunity positioned to capitalize on the coming market wave. Identifying stealth-phase growth has historically delivered the most life-changing returns—and the setup for 2025 is shaping up fast. MAGACOINFINANCE Is Showing Powerful Early Traction Within minutes of launching, MAGACOINFINANCE became one of 2025’s most-watched opportunities among serious investors. Real wallet growth, increasing community activity, and rising analyst attention highlight why smart money is moving quickly. Early entrants also benefit from a 50% bonus by deploying MAGA50X , offering even greater leverage before wider listings fuel the next expansion phase. Other Projects Gaining Strength: MATIC, ETH, APT, and INJ Polygon (MATIC) continues strengthening Ethereum’s scalability through efficient Layer-2 technology. Ethereum (ETH) reinforces its position with a growing smart contract ecosystem. Aptos (APT) delivers a high-performance Layer-1 platform optimized for speed and security. Injective (INJ) leads the decentralized finance sector with cutting-edge trading infrastructure. While these names are gaining traction, MAGACOINFINANCE stands out for offering true early positioning before major market attention. Why Everyone’s Talking About MAGACOINFINANCE Right Now Investor analytics show that MAGACOINFINANCE is rapidly moving onto the radars of serious early movers. Its disciplined structure, authentic market demand, and sharp early-stage momentum make it a standout opportunity as investors search for the next stealth success story of 2025. The key is clear: strategic entry now, before the broader market catches on. Final Word While Bitcoin (BTC) , Ethereum (ETH) , Ripple (XRP) , and Solana (SOL) maintain their powerful positions, MAGACOINFINANCE is rising as a serious contender for early-stage gains. In every cycle, it is the smart early entries that change the game—and 2025 is no different. For more information, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Your $700 Investment Could Multiply in 2025—Ethereum, Solana, Aptos, and Injective Are Building Momentum
This week, crypto markets are preparing for a big wave of token unlocks. This week, several big projects are set to release hefty portions of their token supplies. Sui , Optimism, and ZetaChain are among the projects heading into this week with the most unlocked tokens. According to TokenUnlocks data, over $316 million in tokens is scheduled to get unlocked this week among six different projects. Unlock events often dance to the tune of early investors, team members, and ecosystem incentives, who might have been promised tokens as part of their compensation packages. Like vesting schedules, these events can also be tied to what might be significant short-term moves in the price of a nascent token. The reason is simple: When a newborn token’s vesting schedule is up, and it is time for the token to be introduced to the market for buying and selling, those who receive the token at, say, a $0.10 price might be very happy to unload it at $0.20. Sui Leads the Week With Massive $259M Unlock By far, the most substantial upcoming unlock is that of Sui. 74 million SUI tokens will unlock on May 1, at 8:00 UTC, totaling roughly 259 million dollars and accounting for about 2.28 percent of the token’s current circulating supply. Layer 1 blockchain known for its high throughput and the Move-based smart contract programming model, Sui has been steadily developing and gaining traction through an ecosystem that is always growing. Analysts predict that the size of the unlock that Sui is by now set to carry out will thoroughly test market sentiment. That’s because it’s going to flood the open market with a massive amount of tokens—at a super short time frame, no less. Sui traders will be on the lookout for indications that early backers are either pressuring the token to the downside or not. Other Notable Unlocks: Optimism, ZetaChain, and More A significant unlock also awaits Optimism. At 8:00 UTC on April 30, it will unlock 31.34 million OP tokens, valued at nearly $24.32 million. This unlock represents 1.89 percent of the circulating supply. As one of the leading scaling solutions for Ethereum Layer 2, Optimism has experienced price fluctuations after previous unlocks—fluctuations that have more often than not been in the direction of considerable increases—that some have directly attributable to the various market conditions surrounding decentralization. On May 1 at 8:00 UTC, ZetaChain will unlock 44.26 million tokens worth approximately $11.1 million. This represents 5.67 percent of its circulating supply, one of the highest percentages among tokens unlocking this week. If not matched by strong demand, the significant increase in circulating supply may affect market behavior. This week, several other projects are set to release tokens, including IOTA, dydx, and Ethena. IOTA’s unlock is for a sizable amount; they’ll be releasing over 15 million tokens, worth around $3 million, on April 30 at 8 a.m. UTC. In a similar timeframe, dydx plans to release tokens that, paired with IOTA’s, make for a busy few days in terms of unlocked value. dydx’s release is for a comparably small amount of 8.33 million tokens, but in terms of value, it’s around $5 million. dydx plans to release its tokens on May 1 at 8 a.m. Token Unlocks this week: Significant unlocks expected for $OP , $SUI , $ZETA , and more. $SUI ’s unlock is valued at $259M. According to @Tokenomist_ai data, the following tokens will be unlocked this week: IOTA ( $IOTA ): 15.16M tokens, worth ~$3.28M (0.41% of circulating… — Followin (@followin_io) April 28, 2025 What Token Unlocks Mean for the Market Crypto projects often have events in their life cycle when new tokens are created and made available to people. These are called “token unlocks.” They are mostly planned beforehand, like what you’d do for a surprise party when the guest of honor isn’t home. These “unlocks” are supposed to be good for the projects because they’re good for the people who are supposed to be holding the tokens: projects need their tokens to be held in order to grow, and holding is made easier (and thus much more probable) when you’re on the side of the smart money that’s been in the project for a long time. Got it? Not all unlocks lead to sales, however. In many cases, tokens are staked, reinvested in the ecosystem, or simply held. The outcome often depends on several factors: the current market sentiment, the perceived value of the project, and the communication and management of the unlocks by the team. This week, the majority of activity in the crypto market can be traced to one primary source: the unlock of Sui’s not insubstantial $259 million worth of tokens. After Sui, several other major release events made their debuts in the crypto market alongside or just after Sui’s unlock, adding to the market’s overall volatility. Now, investors and traders are waiting to see how everything shakes out. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Cardano exceeds $0.70, attracting renewed interest and caution among investors. Technical indicators signal potential upward movement in ADA's price. Continue Reading: Cardano (ADA) Surges Past $0.70, Igniting Investor Interest The post Cardano (ADA) Surges Past $0.70, Igniting Investor Interest appeared first on COINTURK NEWS .
The cryptocurrency market is a dynamic space, constantly shifting between periods where Bitcoin leads the charge and times when altcoins steal the spotlight. Understanding these cycles is crucial for investors, and one key metric guiding this understanding is the Altcoin Season Index . What is the Altcoin Season Index and How Does it Work? Tracked by leading cryptocurrency price data platform CoinMarketCap (CMC), the Altcoin Season Index provides a snapshot of the market’s current state by comparing the performance of major cryptocurrencies over a specific period. As of 00:30 UTC on April 29, the index registered a value of 20, a figure unchanged from the previous day. This low score sends a clear signal: the market is currently experiencing Bitcoin Season . Here’s how the index works: It analyzes the performance of the top 100 cryptocurrencies by market capitalization listed on CMC. It specifically excludes stablecoins and wrapped tokens to focus on organic asset performance. The comparison is made against Bitcoin’s performance over the past 90 days. The index score ranges from 1 to 100. The thresholds for determining the ‘season’ are straightforward: Market Season Condition (Over Past 90 Days) Index Score Range Altcoin Season At least 75% of the top 100 altcoins outperformed Bitcoin 75 – 100 Bitcoin Season 25% or fewer of the top 100 altcoins outperformed Bitcoin 1 – 25 Neither Season More than 25% but less than 75% outperformed Bitcoin 26 – 74 An index reading of 20 firmly places the current environment in Bitcoin Season , indicating that a vast majority of the top 100 altcoins have underperformed Bitcoin over the last three months. Decoding Bitcoin Season : What Does it Mean for Your Portfolio? When the market is in Bitcoin Season , it typically means that capital is flowing primarily into Bitcoin, or staying within Bitcoin, rather than rotating into smaller cap altcoins . This period is characterized by: Bitcoin Dominance: Bitcoin’s share of the total crypto market capitalization tends to increase. Relative Altcoin Weakness: While some altcoins might still see gains, they generally do not keep pace with Bitcoin’s percentage increase. Many may even see declines or stagnation. Lower Risk Appetite: Investors may be seeking the relative safety and liquidity of Bitcoin compared to the higher volatility of many altcoins. For investors, recognizing Bitcoin Season is key to setting realistic expectations and adjusting strategies. It’s a time when simply holding a broad basket of altcoins might lead to underperformance compared to a portfolio heavily weighted towards Bitcoin. Why the Crypto Market Currently Favors Bitcoin Several factors can contribute to a market shifting into Bitcoin Season . While the index itself is a backward-looking indicator (based on the past 90 days), the current reading likely reflects recent trends such as: Institutional Inflows: Significant capital entering the space often targets Bitcoin first, particularly through products like spot Bitcoin ETFs. Macroeconomic Uncertainty: During times of global economic caution, investors may retreat from riskier assets, including smaller altcoins, towards perceived ‘safer’ havens within crypto like Bitcoin. Halving Cycle Dynamics: Historically, the period leading up to and sometimes immediately following a Bitcoin halving event can see increased focus and price action centered around Bitcoin. Specific Bitcoin Narratives: Developments or news specifically related to Bitcoin (e.g., adoption by corporations or nations, technological updates) can draw attention and investment away from altcoins. These elements combine to create an environment where Bitcoin’s performance outstrips that of most other digital assets in the crypto market . Strategies for Navigating Altcoins During Bitcoin Dominance Does Bitcoin Season mean you should abandon altcoins entirely? Not necessarily, but it does require a more nuanced approach. Here are some actionable insights: Focus on Quality: Research projects with strong fundamentals, clear use cases, active development, and engaged communities. These may be more resilient or recover faster. Risk Management: Be mindful of position sizing. Altcoins can experience significant drawdowns during Bitcoin dominance periods. Accumulation Opportunities: For long-term conviction plays, periods of altcoin underperformance can present opportunities to accumulate at lower prices. Sector Rotation Watch: Keep an eye on specific altcoin sectors (like DeFi, NFTs, AI tokens, Layer 2s) that might show relative strength due to specific catalysts or narratives, even within a broader Bitcoin-dominant trend. Don’t Chase Pumps: Avoid buying into small altcoin pumps that lack substance, as these can quickly reverse. Using the Altcoin Season Index as a guide helps set the overall market context, informing your decisions about exposure to different parts of the crypto market . Looking Ahead: Potential Shifts Away from Bitcoin Season Market cycles are inherent to cryptocurrency. Just as Bitcoin Season follows other periods, a return to Altcoin Season is likely at some point. What could trigger such a shift? Sustained Bitcoin Stability or Consolidation: If Bitcoin’s price stabilizes after a significant run-up, investors may start looking for higher returns in altcoins, causing capital to rotate. Major Altcoin-Specific Catalysts: Successful network upgrades (like Ethereum’s), significant project launches, or widespread adoption of specific altcoin technologies can ignite rallies independent of Bitcoin. Increased Risk Appetite: A positive shift in global macroeconomic conditions or a surge in overall confidence in the crypto space can encourage investors to move further out on the risk curve into altcoins. Narrative Shifts: New, compelling narratives within the crypto space that are centered around specific altcoin technologies or sectors can attract significant investment. While the Altcoin Season Index currently points to Bitcoin’s dominance, the market is always evolving. Staying informed about both Bitcoin’s movements and developments within the altcoin space is key. Compelling Summary The Altcoin Season Index at 20 confirms that the crypto market is currently in a phase where Bitcoin is the primary driver, with most altcoins lagging behind. This Bitcoin Season is influenced by various factors, from institutional investment to market sentiment. While challenging for altcoin holders, understanding this cycle provides valuable context. It’s a time to prioritize research, manage risk, and look for quality projects, while also watching for potential catalysts that could signal the eventual return of Altcoin Season. Using the Altcoin Season Index as one tool among many can help investors navigate these dynamic market conditions more effectively. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Here's what's next for WLFI's expansion and crypto adoption plans in Pakistan.
A major development has caught the eye of both blockchain analysts and traders. A wallet affiliated with the Lorenzo Protocol recently sent 560 Bitcoin (BTC) to the centralized exchanges Binance and OKX. This wasn’t just any old transaction. Lorenzo and his crew appear to be set up for a large-scale sell-off. Why else would they transfer all that BTC to two major exchanges? Can you say INSTABILITY? The wallet in question—identified by address 3E92sAWEDqLv7BGytQcznwCbKkpv1J7ckq—has long been associated with Lorenzo Protocol, a project whose treasury and on-chain activities have become closely monitored due to past high-volume trades and profitable strategies. The recent deposit, if fully liquidated at current market prices, is estimated to yield a profit of approximately $11.86 million. This collection of 560 BTC was not newly obtained. Instead, it had been slowly gathered through a series of withdrawals from several exchanges between October 15 and November 29, 2024, at an average price of $72,835 per BTC. Considering Bitcoin’s present market price—flirting with $94,000—the protocol-linked wallet is sitting on a very nice return. Strategic Accumulation and Timed Moves The movement of the Lorenzo Protocol wallet shows a well-planned method of moving toward either an accumulation or liquidation phase. In what seems to be an exit strategy, the wallet’s operator acquired a hefty 560 BTC over the course of six weeks, in late 2024, then transferred the whole amount in one clean sweep to exchanges. Could this be a move toward a market liquidity strategy? Or an operatic shift in market accumulation phases? Maybe it’s both. The most intriguing aspect lies in the timing. When Bitcoin hit its all-time high last year, this very holding had registered a paper profit of $18.65 million. However, rather than selling into the peak euphoria, the wallet opted to hold, allowing the unrealized gains to fluctuate with the market. With today’s action, the owner appears ready to crystallize a more modest, but still significant, profit of nearly $12 million. Lorenzo Protocol-Linked Wallet Moves 560 $BTC to Exchanges An address associated with Lorenzo Protocol (3E92sAWEDqLv7BGytQcznwCbKkpv1J7ckq) deposited 560 #BTC into #Binance and #Okx just 10 hours ago. If fully sold, the profit would be around $11.86 million. pic.twitter.com/DD4qh2Tzk5 — EyeOnChain (@EyeOnChain) April 28, 2025 This could be a long-term strategy focused on risk management and capital preservation. Instead of making impulsive sales at the market top, the wallet waits for the market to stabilize at strong levels. This may indicate a level of patience and strategic intent not commonly seen among retail participants. Potential Market Impacts and Speculation Whenever a high-volume holder transfers funds to exchanges, it makes people wonder—what are they up to? Speculation around the really rich and really poor in this world of crypto is exhausting, but here we are. The crypto community is now abuzz with intrigue over the recent transfer of not just 1 or 2, but a full 560 BTC to certain exchanges and in the truest sense of the term—high drama. Should the entire cache be sold, the more than 1.8 billion dollars it is worth as of now would inject a heft of Bitcoin into the market. That much Bitcoin hitting the market in a short time could definitely put downward pressure on the prices. The move might serve a dual purpose, then: securing profits while maintaining optionality. Some analysts think it could be a prelude to something more significant—like direct sales of the crypto held in the wallets—to achieve those regulatory goals. But whether it happens now or later, the more immediate consequence is the incentives and disincentives created by the new policy. The transaction has not been commented on or confirmed by the Lorenzo Protocol, which has been quiet about the whole situation. Given, however, its past association with ‘smart money’ movements and high-precision trades, it’s a fair bet that something very interesting is going to happen next. With Bitcoin lingering near its post-ATH highs, the moves made by institutions and the Bitcoin protocol itself offer a glimpse into the current sentiment surrounding the crypto asset. The question on everyone’s mind is, “Are these actions indicative of a trend where profit is being taken, or is it just a few sharp traders making a largely benign play in the grand scheme of Bitcoin’s rally?” Currently, the 560 BTC resides in exchange wallets—ready for movement, and bearing with it the burden of multi-million dollar consequences. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The post FTX Takes Legal Action Against Token Issuers Over Unprovided Assets appeared first on Coinpedia Fintech News FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits against those who remain unresponsive. The company urges these parties to engage promptly to avoid further legal action.