DUBAI , UAE , May 12, 2025 /PRNewswire/ — Bybit , the world’s second largest cryptocurrency exchange by trading volume, reaffirmed its long-term commitment to Web3 innovation as the exclusive sponsor and founding force behind the Crypto Content Creator Campus (CCCC) , a non-profit industry initiative empowering the next wave of blockchain storytellers. Held from April 10 to April 13 in Bali , this four-day summit brought together over 150 top content creators, Web3 innovators, and crypto leaders, laying the groundwork for Web3 creator-business partnerships and sustainable industry education. The summit featured around 20 ecosystem partners, including Solana, TON, Mantle, Catizen, Jambo, Cudis, Orderly, Plume, OG, BlackFocus, XION, Memecore, the Blockchain for Good Alliance (BGA), etc. These market participants shared the latest industry insights and showcased their technologies at vibrant booths, facilitating high-touch engagement with some of the region’s most passionate builders and storytellers. Doing What Others Won’t: Ben Zhou’s Vision for the Future In his keynote address, Bybit Co-founder and CEO Ben Zhou shared his bold vision anchored in the exchange platform’s founding ethos: “We do what others won’t.” Bybit isn’t just following industry trends — we are laying the foundation for a sustainable Web3 future powered by innovation, transparency, and creator-driven ecosystems. Bybit backed CCCC with a bold mission — to build an industry leading education and collaboration platform that helps Web2 users transition to Web3 through next-gen storytelling, connectivity and infrastructure development. The initiative aims to revolutionize the Web3 content creation landscape by empowering creators with tools, exposure, and an active ecosystem for sustainable influence and education. “At CCCC, what stood out most was Bybit’s long-term perspective. While many chase quick wins, Bybit is investing in real, sustainable innovation and ecosystem development — building infrastructure, supporting creators, and empowering the future of Web3. That’s what truly sets them apart,” reflected one of the content creators at the conference. A Strategic Return: Bybit’s Roadmap for Mandarin-Speaking Markets During the event, Ben also spotlighted the company’s return to its roots with a sharpened focus on Mandarin-speaking markets — one of the fastest growth engines in Bybit’s strategic roadmap. “Bybit started in Shanghai and grew to become the world’s second-largest exchange. In 2024, we began reconnecting with our heritage — not just geographically, but in terms of responsibility,” Ben said. “This year marks our return in full strength. We are dedicating resources and realigning strategies to serve Mandarin-speaking users.” Ben announced a suite of Mandarin-focused business optimizations at Bybit – including accelerated trading channels, dedicated domains and nodes, and a full-stack upgrade to Chinese-language customer service — faster, more professional, and more responsive than ever before. From cryptocurrency trading – spot, futures and options – to Gold & FX, BybitCard, BybitPay, and structured wealth management products, Ben emphasized that “every product is now being built to suit the needs and expectations of our Mandarin-speaking community.” Building Crypto Ark, Bit by Bit CCCC Bali emerged not only as a platform for education and experimentation, but also as a proof-of-concept for what a decentralized creator economy can achieve. With its blend of inspiration, innovation, and infrastructure, the summit demonstrated how content creators, builders, and communities can come together to lay a collaborative foundation for sustainable growth. As Bybit continues its mission to power the world’s crypto builders, the success of CCCC signals a bold new chapter in Web3 collaboration, one that’s being written not just in code — but in content, culture, and community. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press . For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
The new pope has drawn parallels between today's AI development and the challenges of the Industrial Revolution.
According to recent insights from COINOTAG News, on-chain data shows a significant transaction involving a **WLFI**-related wallet. Within a mere eight-hour window, this address deposited **50 WBTC** into the **Aave**
The FBI is ramping up efforts to track victims of a massive crypto fraud tied to fake AML coins, urging submissions before June 5 for possible restitution. FBI Sets June 5 Deadline for Victims of AML Bitcoin and Crypto Fraud Empire The U.S. Department of Justice and the Federal Bureau of Investigation (FBI) are reaffirming
UNI tokens for the Ethereum-powered decentralized crypto exchange went parabolic in price over a 34-day rally from Nov. 4 to Dec. 8, last year. Since then, they’ve been falling in price, correcting over five months until this Thursday. For most of that time, UNI was moving in line with its currency peers by market cap. The center of gravity for everything fell in February and March, stocks included, as markets shuddered from the Trump shock, took profits on a large swath of unrealized gains, and sent their taxes to the federal government. Uniswap Tokens Lap Bitcoin in 48 Hours So, there wasn’t anything necessarily wrong with Uniswap or UNI; it was just that the market had overbought and then corrected. This happens frequently in crypto markets, which move very fast compared to the NYSE and Nasdaq. Over the past 30 days, Uniswap and Bitcoin both posted a 33% green candle, but only because UNI flew up the chart starting on Wednesday, from $4.80 to $6.30 in under 48 hours. If UNI had remained trading sideways at the previous level before the massive 31% green day, it would have almost ended the month at a loss. Certainly, by opportunity cost, a Bitcoin maxi might say it was something like shorting BTC for that 33% ride up and getting squeezed out. Did The UNI Delegate Beef Stir The Markets? But, the Ethereum DEX (decentralized exchange) token pulled out a win for Friday’s 30D price chart, staying on parity with Bitcoin. That’s despite the crypto news FUD (fear, uncertainty, and doubt) over some supposed drama at the Uniswap Foundation. A veteran DAO (decentralized autonomous organization) delegate, who goes by the screen name Pepo, quit the UNI DAO on May 5 and published a short manifesto, vague-posting their discontents with the Uniswap Foundation. Did altcoin traders following sources familiar with the DAO beef just reward UNI for sticking in Pepo’s craw this week? https://t.co/tfeJYc4lVT — PEPO (@0xPEPO) May 5, 2025 “There are people in this governance who continue to act with clarity, integrity, and grit,” Pepo wrote, “not because it’s rewarded, but because it’s right [ … ] I saw you. I respect you. And I thank you.” Uniswap Foundation said a day later, “[Uniswap is] the only major Protocol Foundation that is funded through the express approval of delegates.” The post Uniswap News FUD an Opportunity to Buy an Altcoin at Value? appeared first on CryptoPotato .
In a recent announcement, MetaPlanet, a publicly traded firm in Japan, revealed its strategic acquisition of an additional 1,241 bitcoins, with a striking average purchase price of ¥14,848,061 per unit.
Tinian, a small island in the US territory of the Northern Mariana Islands, could get a second chance at launching a stablecoin after the territory’s Senate voted to override the governor’s earlier veto of its stablecoin bill. On May 9, the Northern Mariana Islands Senate voted 7-1 to override Governor Arnold Palacios' April 11 veto of the bill , which would allow the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The bill will now head to the 20-member Northern Mariana Islands House, which will need a two-thirds majority vote to override the veto and pass the bill into law. If the House is quick to pass the bill, the Tinian government could be in the lead for the first US public entity to issue a stablecoin. It’s in a race against the state of Wyoming, which is aiming to issue a stablecoin by July . Tinian is governed by the local government, the Municipality of Tinian and Aguiguan, and is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a small US territory in the Pacific north of Guam. Tinian has just over 2,000 residents, and its economy heavily relies on tourism. Senators push “much-needed” bill despite “deep concerns” Governor Palacios said in his letter last month that he vetoed the bill as it “presents several legal issues and may be unconstitutional” and would regulate an activity that could not “be clearly restricted” to Tinian. Democrat Senator Celina Babauta, the only one to vote against overriding the veto, said before the vote that she had “deep concerns with respect to the lack of resources, the lack of manpower” to enforce the gambling law and police use of the stablecoin. “We are restricted by federal statutes and must comply with that,” she added. Senator Celina Babauta (right) delivers remarks at a Senate hearing alongside Senator Karl King-Nabors (middle). Source: YouTube “We struggle with trying to find creative and innovative ways to diversify our economy and our industries,” Babauta said. “I don't believe that gambling is the only thing that we can be looking forward to every single time there's an investor that comes in.” However, Republican Senator Karl King-Nabors, who represents Tinian and co-authored the bill, said it was “a far more stringent and efficient way to oversee the online gaming aspect.” “This stablecoin is tracked through software, and if anything, it allows for more transparency when it comes to the Tinian Casino Gaming Control Commission,” he added. King-Nabors said the bill aligned with “much-needed” economic diversification measures, as the local economy was yet to bounce back from a COVID-19 pandemic-induced slump. “This legislation stands at a time where we're going through so much economic hardships,” King-Nabors added. “I find it difficult that we're constantly having to step over obstacles when we're trying to incentivize and look for ways to bring in revenue that don't affect our environment, that don't require a brick and mortar, that don't impact our land.” Tinian bids for fully-backed stablecoin Republican Senator for Tinian, Jude Hofschneider, led the introduction of the bill in February, which aims to amend a local Tinian law to allow internet-only casino licenses, along with allowing the island to launch a fully backed US dollar-pegged stablecoin. A four-member Tinian delegation to the Marianas legislature, which includes Hofschneider and King-Nabors, had passed the bill to Governor Palacios in a unanimous vote on March 12. Statements shared with Cointelegraph in March said the stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury. The Tinian government chose tech services firm Marianas Rai Corporation, based in the Northern Mariana Islands’ capital of Saipan, as the exclusive infrastructure provider to issue and redeem MUSD. MUSD is built on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain that split off from Bitcoin in 2017. Related: Senator Tim Scott slams partisan politics for failed stablecoin bill Marianas Rai Corp. co-founder and technology chief Vin Armani told Cointelegraph in April that it was “in active discussions with potential partners” about launching the token after Governor Palacios’ veto and was “poised to act quickly” as US Congress is looking to pass stablecoin laws. In the US, one stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins ( GENIUS ) Act, has since stalled in Congress after Senate Democrats pulled support for the bill due to concerns about President Donald Trump’s sprawling crypto ventures. Another stablecoin-regulating bill in the House, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, has also lost Democrat support due to Trump’s crypto tie-ups. Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Ethereum price started a fresh surge above the $2,350 zone. ETH is now up over 35% and consolidating gains near the $2,500 zone. Ethereum started a fresh surge above the $2,350 resistance. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it breaks the $2,600 resistance level. Ethereum Price Surges And Clears $2,500 Ethereum price remained supported and started a fresh increase above $2,200, beating Bitcoin . ETH gained pace for a move above the $2,350 resistance zone. The bulls were able to push the price above the $2,500 resistance zone . The price gained over 35% and recently surpassed the $2,550 resistance zone. A high was formed at $2,606 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2,272 swing low to the $2,606 high. Ethereum price is now trading above $2,500 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2,480 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,550 level. The next key resistance is near the $2,600 level. The first major resistance is near the $2,620 level. A clear move above the $2,620 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,780 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $2,550 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,470 level. The first major support sits near the $2,440 zone and the 50% Fib retracement level of the upward move from the $2,272 swing low to the $2,606 high. A clear move below the $2,440 support might push the price toward the $2,350 support. Any more losses might send the price toward the $2,270 support level in the near term. The next key support sits at $2,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,440 Major Resistance Level – $2,550
The post XRP News: Is Ripple Settling $50 Million SEC Fine in XRP? appeared first on Coinpedia Fintech News After months of speculation and legal back-and-forth, Ripple and the U.S. Securities and Exchange Commission (SEC) have officially settled their case. While insiders at Ripple had hinted weeks ago that a deal was done, many in the crypto community were waiting for written confirmation from the SEC itself. That confirmation has now arrived. The SEC has publicly announced that it has reached a settlement agreement with Ripple to resolve its civil enforcement action. The agreement also covers Ripple’s executives, though that part had already been settled earlier. What matters most to XRP holders is the deal involving Ripple and its XRP token. According to the settlement terms, Ripple will pay $50 million out of the original $125 million penalty. The remaining amount will be returned to Ripple. Both sides have also agreed to drop their appeals — but only if the court agrees to lift the injunction that has been placed on Ripple for months. Attorney John Deaton, who has closely followed the case, weighed in on the news. He said that it would be “absolutely shocking” if Judge Analisa Torres didn’t agree to lift the injunction, given the circumstances. Legal Experts Issue Clarification Soon after the settlement details surfaced, rumors started spreading online that Ripple would be paying the $50 million fine using XRP, and that the U.S. government planned to hold XRP as part of a strategic reserve. However, former SEC lawyer Marc Fage l quickly dismissed those claims. He clarified that the money is already in Ripple’s counsel’s custody in cash form, and once the court approves the deal, it will be paid to the SEC — not in XRP. Nonsense, the initial fine the court ordered of $125,000 has already been set aside in an account in USD earning interest, and the parties have agreed in the settlement agreement how it will be distributed. https://t.co/Dq706YV6mp — bill morgan (@Belisarius2020) May 10, 2025 Attorney Bill Morgan also stepped in to address the false reports. He explained that the original fine amount was already placed in a USD account earning interest, and both parties have agreed on how it will be distributed according to the settlement terms.
On May 12th, COINOTAG News reported significant movements in the Ethereum (ETH) market. Renowned on-chain data analyst Yu Jin tracked a prominent whale who had been unsuccessfully attempting to short