Coinbase ($COIN) just got hit where it hurts. The world’s third-largest cryptocurrency exchange refused to be blackmailed after an insider phishing...
The post The Only 4 Coins Priced Below $5 with 2500% Potential: Time to Pivot from Ripple (XRP) appeared first on Coinpedia Fintech News Ripple (XRP) is struggling to maintain investor confidence as of April 19, 2025. It traded at roughly $2.08 after reaching a peak of $3.40 earlier in the year. Many traders have begun to wonder if it’s time to switch from XRP and explore new options with more upside potential and stronger technical foundations, given this sharp decline. XRP is entering a correction phase, as recent technical indicators reveal bearish breaks, including a dip below the Ichimoku Cloud and a breakout from a rising wedge. Source: Tradingview In this regard, four intriguing currencies valued under $5 with explosive potential—the red-hot Rexas Finance (RXS), Cardano (ADA), Dogecoin (DOGE), and Stellar (XLM)—are under increasing focus. Rexas Finance (RXS) Rexas Finance (RXS) is providing infrastructure by combining tokenization, artificial intelligence, and decentralized finance, unlike hype-driven, meme-based tokens. Through blockchain-based fractional ownership, it aims to democratize access to trillion-dollar markets, including real estate, art, and commodities—an audacious yet timely endeavor. This centers RXS at the core of the real-world asset (RWA) revolution that retail and institutional investors are beginning to embrace. The way the RXS presale performs is a testament to its momentum. From a starting price of $0.03 to $0.20 in its present final stage, RXS has appreciated by 567%. With 461,230,290 tokens sold and $48.2 million raised, the market is responding. The hype intensifies as the project approaches its public release on June 19, 2025, when RXS will be listed across three Tier-1 exchanges at a starting price of $0.25. Especially pleasing is the zero VC structure of the presale, which reduces early dumps and guarantees a more natural, community-driven launch. Some analysts, indicating a 2,500% increase from the final presale price, are now projecting post-launch values of more than $15. Rexas Finance is rapidly rising among undervalued assets due to its great utility and excellent infrastructure. Cardano (ADA) After rebounding from a recent low of $0.5162, Cardano (ADA) has attracted solid purchase support around the $0.60 mark. ADA is exhibiting indications of gearing up for a significant breakthrough, trading at $0.62 as of the time of writing. Analysts have noted the development of an ascending triangle pattern on the charts, a bullish structure that typically precedes a rapid upward movement. ADA is trading above important moving averages, and the MACD has crossed above the zero line, signaling a bullish trend under this technical arrangement. As the volume starts to build, the limited price range suggests increasing pressure that could be released with a clear breakout past $0.66. If validated, this might lead to a significant 2500% rally, particularly in a market seeking coins with solid development roadmaps and long-term utility. Dogecoin (DOGE) As of writing, Dogecoin (DOGE) is technically ready for a climb and trades at $0.15. A typical cup-and-handle pattern suggests bullish accumulation; historical price movement indicates that DOGE often moves quickly once breakout conditions are met. Although it is only a matter of time before the next significant move upward, important support levels are somewhat low. Fundamentally, institutional interest is starting to take center stage. Serious capital is pouring into this historically retail-driven cryptocurrency via Grayscale’s ETF filings for DOGE and Neptune Digital Assets. If DOGE breaks out, analysts believe the long-standing $1 target could be back in play. Now that current pricing offers a sizable discount, it’s a calculated time to re-enter before the next surge starts. Stellar (XLM) Although sometimes eclipsed by larger tokens, Stellar (XLM) is currently trading at $0.237 and possesses technical strength that would likely surprise many in the coming months, as of writing. The Relative Strength Index (RSI) stays neutral, allowing XLM lots of space to run without setting off overbought circumstances. Furthermore, the MACD has finished a bullish crossover, suggesting a possible momentum reversal. Stellar’s strategic alliances with financial institutions and its ongoing cross-border payment operations help position it for mid-to-long-term gains. Although conservative projections indicate that XLM will reach $1 by June, many anticipate a more dramatic 2500% increase by year-end as global demand for low-cost, efficient remittance systems increases. Conclusion: Time to Diversify Beyond XRP The declining technical indicators of XRP suggest that the once-promising coin may be entering a protracted period of stagnation. On the other hand, undervalued and newly discovered coins, such as Rexas Finance , Cardano, Dogecoin, and Stellar, have more favorable settings and interesting foundations. With prices under $5 and breakout catalysts aligned across the board, this provides investors with a rare opportunity to diversify into assets that not only show 2,500% upside potential but are also supported by real innovation and developing communities. For those ready to pivot from XRP, now is the time to act. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
The chief global strategist of JPMorgan Asset Management, David Kelly, is offering his views on the US stock market amid a rally that has seen the S&P 500 index recoup the losses made since the US slapped tariffs on imports on April 2nd. In a new interview on Bloomberg, Kelly says the recent stock market rally is exaggerated given the near-term and medium-term economic prospects of the US. “We’ve done a sort of round trip on tariffs here but we still end up with a higher tariff rate than we had at the start. I think we’ve got slower long-term economic growth. So in some ways, the relief rally has been stronger than the downturn and I think it may be a little bit overdone. So I’d still caution people that in the longer term, the huge premium that US equity prices have over the rest of the world probably isn’t justified… …I think it’s too early to be really bullish about equities because of fiscal stimulus because you know we’re talking about a full employment economy where the Fed’s going to have less reason to cut.” According to the JPMorgan strategist, international equities are likely to offer better returns for the foreseeable future relative to US stocks. “Yes, the US equity market has almost done a round trip year-to-date but European equities are up very strongly. International equities in general are up strongly for the year. And the dollar is down. I think that will continue because we will still end up with significant tariffs at the end of all of this, even though we’re seeing, you know, it’s coming down. We’re going to end up with higher deficits, we’re going to end up with lower immigration, probably lower economic growth… in the short to medium term. None of that is really very pro-US. I think the US will do okay. But does it deserve to be at 50% premium over the rest of the world in terms of [price-to-earnings] PE ratio?” ? 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 JPMorgan’s Chief Global Strategist Warns Relief Rally on Stocks Is Overdone, Says Huge Premium in Equities ‘Probably Isn’t Justified’ appeared first on The Daily Hodl .
COINOTAG News, May 15th — A recent analysis by JPMorgan highlights a significant shift in market dynamics affecting Bitcoin and gold. Between mid-February and mid-April, a surge in gold prices
Solana (SOL) liquidation grows amid bear takeover with $180 resistance level now forming major obstacle
Movement Labs, the scandal-plagued crypto startup backed by Donald Trump’s World Liberty Financial, quietly promised large stakes of its token to early insiders—undisclosed deals that now raise fresh questions about who really holds power behind the scenes. Even before its token launch, Movement Labs committed large portions of MOVE’s supply to a handful of early advisers — arrangements that were never disclosed to investors and only surfaced through internal documents reviewed by CoinDesk. Two business memos obtained by CoinDesk — one promising a single adviser nearly $2 million a year — show how Movement, founded in 2023 by two 20-year-old Vanderbilt dropouts, leaned heavily on these advisers to gain a foothold in the crypto industry. Movement Labs said the agreements, dated shortly after the project's founding, were exploratory in nature and non-binding. The existence of the agreements nonetheless casts new light on the chaotic inner workings of Movement, which came under fire after CoinDesk reported last month that insider market-making deals enabled token dumping by insiders. The fallout has sparked waves of finger-pointing inside the company, centering on who steered Movement into a predatory agreement with a Chinese market maker under terms that analysts say incentivized predatory selling. The tension has boiled over into a public rift between co-founders Rushi Manche, who was terminated by Movement Labs this month, and Cooper Scanlon, who stepped back from his CEO role but remains at the company. “When we started Movement, I was the CTO — leading the engineering team. I left most business decisions, including the contracts, to Cooper,” Manche told CoinDesk in an interview for this report. “When priorities changed, our roles changed, but Cooper’s decisions in the early days heavily shaped the way the launch went.” Shadow advisers CoinDesk spoke to more than a dozen people familiar with Movement over the course of its investigation, including current and former employees who were granted anonymity so they could speak freely. The agreements obtained by CoinDesk concern Sam Thapaliya and Vinit Parekh, both of whom played behind-the-scenes roles in shaping the project during its early stages. Together, they were allocated access to as much as 10% of the total MOVE token supply in signed memoranda of understanding that insiders say were intentionally kept off the books. Thapaliya, the CEO of Zebec Protocol and an early advisor to Manche and Scanlon, was loaned 5% of MOVE’s supply for marketing and market-making purposes, according to one of the agreements obtained by CoinDesk. A second agreement allocated Thapaliya 2.5% of the token's total supply, worth more than $50 million at recent prices. Movement Labs told CoinDesk the signed agreements with Thapaliya were not binding, but Thapaliya claimed the agreements "were never voided." While framed as memoranda of understanding — normally considered non-binding — the agreements examined by CoinDesk also include provisions stating "both parties" must consent to their termination. "I plan on pursuing legally to exercise my claim to retrieve 2.5% of tokens," Thapaliya said. Employees at Movement referred to Thapaliya as a “shadow co-founder” and said he was often consulted by Scanlon and Manche for major decisions. His name also surfaced in internal communications regarding Movement’s deal with Web3Port. The Chinese market maker was later blamed for dumping $38 million in tokens after MOVE’s debut — an event that triggered a sell-off and Binance account bans. The amount loaned to Web3Port, 5% of MOVE's supply, was identical to the amount loaned to Thapaliya per the agreement. When contacted by CoinDesk in advance of the initial investigation, Thapaliya denied having any financial interest in Movement Labs or the Movement Foundation. He also denied involvement in the Web3Port deal. In later messages on Signal, Thapaliya told CoinDesk that his work with Movement was consistent with their agreement: “As per the contract signed in February 2023, I fulfilled the agreed terms by supporting Cooper [Scanlon] in exchange-related discussions, strategizing token allocation, assisting with market maker selection, and helping hire the team that audited his airdrop model.” Memoranda of understanding The use of informal agreements to quietly allocate tokens to insiders reflects a broader pattern within the crypto industry, where large sums can change hands without appearing in official fundraising disclosures. In 2024, CoinDesk reported that Eclipse — another project linked to Thapaliya — secretly allocated 5% of its token supply to an employee at Polychain, a major crypto venture firm that later invested in the project. Polychain is also an investor in Movement Labs. Eclipse's deal with the Polychain employee was scrapped following the publication of CoinDesk's investigation. What these cases illustrate is not necessarily fraud, but the ease with which crypto startups can make significant financial commitments behind closed doors — commitments that can later shape the trajectory of an entire token ecosystem, often without the community or even some employees ever knowing. One person familiar with the matter said Movement's agreements were tailored to explicitly avoid disclosures to investors or community members. In another 2023 agreement obtained by CoinDesk, Movement Labs agrees to give an entity linked to Vinit Parekh, "Digital Incubation Group," $50,000 annually for every $1 million raised by Movement Labs — a sum that would total approximately $2 million per year, based on Movement’s $38 million in funding. Another agreement granted a separate Parekh entity control of 2.5% of the MOVE token supply. In exchange for his allocation, Parekh’s firm, Digital Incubation Group, was tasked with a broad mandate, including: “development of strategy framework, validated by relevant stakeholders; consultation through the pre-seed raise process (including advice and connection to investors), close seed raise; development of tokenomics and release plan; engage in structuring team pre-product launch.” Like Thapaliya’s agreements, Parekh's were structured as memoranda of understanding with a termination clause requiring consent from both "parties." Parekh and Movement Labs both said the agreements were exploratory and that funds never changed hands between either party. Two people close to Movement Labs said that Parekh, a Microsoft product manager-turned blockchain industry consultant, was nonetheless a frequent presence at Movement's San Francisco office and played a role in the company's hiring, marketing, and strategy decisions. "I just care about the ecosystem," Parekh told CoinDesk in an interview. "No money was given to me or to anyone I know," in connection to the agreements, "[b]ut I did help them on the marketing strategy and understanding how to do go-to-market." A rift between founders The fallout from Movement’s market-making scandal has exposed a widening rift between its co-founders, Manche and Scanlon. After an excerpt from one of the Thapaliya agreements leaked on X, Manche pointed to Scanlon’s signature on the memo, highlighting his former partner’s role in approving the deal. He also reposted a message questioning whether Movement Labs was “throwing [Manche] under the bus” while Scanlon “played innocent.” Manche was ousted from Movement Labs earlier this month, shortly after CoinDesk reported he had helped coordinate the project’s controversial market-making agreement with Web3Port and an intermediary known as Rentech — a third party that Movement later claimed misrepresented itself in the deal. CoinDesk has since learned that Manche also played a role in facilitating a separate arrangement between Web3Port and Kaito, another crypto project that shares the same director and general counsel as Movement Foundation. A contract reviewed by CoinDesk shows that OpenKaito Foundation loaned 2.5% of its KAITO token supply to Web3Port for market-making purposes. The agreement — which was also leaked on X by an anonymous account — was terminated shortly after it was signed, according to an X post from Kaito founder Yu Hu. Unlike the Movement deal, it did not include terms that experts said incentivized pump-and-dump behavior. A person familiar with the matter said Manche introduced Kaito to Rentech, which then connected the project to Web3Port. The controversy has already dented Movement’s reputation in an industry that once saw the startup as a rising star. Coinbase, the largest U.S. crypto exchange, announced it would suspend trading of the MOVE token on May 15. The token’s price fell by 50% in the following week. On May 7, Movement Labs said it would spin out a new entity, Movement Industries, to serve as the network’s primary developer. Scanlon remains with the organization but has stepped down as CEO.
The online gambling industry has experienced a phenomenal shift over the last twenty years. What started as a marginal channel of the traditional casino gaming business has become a worldwide digital behemoth worth billions. Positively influenced by rapid technology development, the change of consumers’ behavior, and the move toward mobile-first experiences, online gambling is now a major player in the worldwide digital economy. For instance, platforms like the one provided by Jackpot City are at the heart of the evolution as they are the epitome of the state-of-the-art potential of online casinos, based on immersive play, strategic marketing, and global penetration. The Economics of Online Casinos In contrast to their physical counterparts, online gambling platforms eliminate the overhead cost requirements of large floors of real estate, personnel, and in-person logistics. This environment can ramp up profits quickly with an increase in users. Operators like Jackpot City exploit a highly sophisticated combination of game mechanics, user retention strategies, and real-time analytics to maximize revenue. An online casino’s financial model usually entails a combination of margins, such as house edge, in-game spending, and high-volume traffic. Every slot machine or table game has a return-to-player (RTP) percentage programmed into it, which is typically between 85% and 98%. Even though players win often enough to keep them playing, the slight edge enjoyed by the casino over thousands of games means continuous profit. Knowing and designing user experiences around these margins goes a long way toward making a platform like Jackpot City a profitable venture in the long term. Market Size and Global Expansion The market for global online gambling was worth over USD 90 billion in 2024; estimates indicated it could exceed $150 billion by 2030. This explosive expansion accelerates due to the rising penetration of smartphones, internet speeds, and legalization efforts underway in several jurisdictions. Markets in Europe and North America remain in the lead when it comes to revenue, but within regions such as Asia-Pacific and Latin America, the pursuit is increasing rapidly due to regulatory liberalization and the growing interest of the middle class. As one of the key international operators, Jackpot City has sensibly positioned itself to enter these emerging markets while abiding by a highly regulated environment. Further, the movement towards mobile-first gaming has allowed casinos to reach users 24/7, making it possible to generate revenue around the clock without the limitations of a physical venue. Mobile optimization is no longer an option, and in fact, many casinos, including Jackpot City, provide Galaxy Casino with a very easy-to-use app or a responsive web platform for convenience and speed. Affiliate Marketing and User Acquisition Affiliate marketing is one of the subtly effective financial facilitators behind online casinos. Influencers and bloggers leverage comparison sites to redirect people’s traffic to platforms such as Jackpot City in exchange for commissions; they pay flat fees (CPA) or share a portion of the revenue continuously. This performance-based model translates the casino’s and its marketers’ interests into a constant flow of qualified traffic. These affiliate programs are usually layered with detailed analytics, which allow casinos to monitor a player’s behavior, segment their audiences, and fine-tune campaigns. Despite having cost-per-acquisition rates much lower than traditional advertising, affiliate marketing remains an essential staple of the online gambling economy. Bonuses, Loyalty, and Long-Term Value The attraction of online casinos lies not only in the games themselves but also in the bonuses, loyalty schemes, and retention systems, which have all been planned to entice gamblers. Welcome offers, free spins, cashback, and tiered VIP programs are adjusted to attract users and enhance their lifetime value. Jackpot City, for example, provides competitive welcome bonuses and promotional offers to encourage players to return. These incentives tend to be subsidized by intelligently calculated margins engineered into the gameplay itself. Casinos employ data-driven tools that detect high-value players, and how they are treated regarding promotions drives the cycle of engagement straight to the revenue drive. Even though these bonuses might eat into immediate profits, they represent a long-term investment in retaining users and brand loyalty, particularly in a populace where switching platforms is as simple as a mouse click. Regulation and Revenue Control Although the internet gambling industry has tremendous untapped potential, regulators are increasingly monitoring it. Governments are tightening the noose on unlicensed operators, creating more stringent responsible gambling protocols, and forcing players to understand how games are monetized. This will actually work in favor of reputable platforms such as Jackpot City. It filters fly-by-night operations and establishes a fair field on which trust becomes a competitive edge. Licensed casinos will typically have a higher customer retention rate and fewer disputes, which all benefit stable, durable, returning revenue. Furthermore, regulated markets also offer more defined tax schemes, banking regulations, and dispute resolutions. This safeguards the players, thus ensuring the continuity of the entire online gambling ecosystem. Technology as a Financial Multiplier Whether from live dealer games to AI-driven recommendation engines, technology has continued to pursue online casinos’ earning capability. Such features (real-time play data, behavioral analytics, machine learning) assist casinos in perfecting everything from game choice to bonus time. Jackpot City has quickly taken up many of these innovations, pushing data insights to personalize the user journey and reduce churn while increasing average player value. With the closer interaction of artificial intelligence and augmented reality in gameplay, we can see yet another increase in the ways of getting monetized. The world of online gambling is worlds apart from digital reels and flashing jackpots—it is a complex, intricately built financial machine. With billions in annual revenue, ubiquity worldwide, and quickly growing tech, the industry appears to be accelerating, with nothing slowing it down. Jackpot city-type venues are at the forefront of this impressive trend, showing how electric online entertainment can benefit players and traders. As the industry grows, the platforms that combine innovation (regulation and user engagement) will determine the next generation of online gambling success. 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. The post Digital Chips, Real Profits: Unpacking the Billion-Dollar Economy of Online Gambling appeared first on Times Tabloid .
Coinbase suffered a data breach after bribed overseas support agents enabled access to sensitive user data. A $20 million reward fund has been set up to aid the investigation. Hackers Bribe Support Staff to Steal Coinbase User Data in Stealth Attack Crypto exchange Coinbase (Nasdaq: COIN) disclosed on May 15 that a group of bribed
Company said demands were made for $20mn to prevent public disclosure of stolen customer data
eToro CEO Yoni Assia revealed that the company bought Bitcoin at $5 and eventually sold it for a $50 million profit, marking one of the earliest known institutional crypto bets. Speaking to CNBC following eToro’s Nasdaq debut, Assia shared that the trading platform added Bitcoin ( BTC ) to its treasury in the early 2010s, long before crypto reached mainstream awareness. “We were very early to crypto,” said Assia. “I started buying Bitcoin at $5 for eToro’s treasury… $5 became $50,000 and eventually $50 million before my board told me I had to sell it. It’s not our business.” While the company has since pivoted toward traditional markets, with 75% of revenue now tied to stocks, Assia affirmed that eToro still supports over 130 crypto assets, reflecting the platform’s ongoing interest in the sector. eToro’s approach to Bitcoin began well before major financial institutions entered the space. Assia also noted that Ethereum ( ETH ) founder Vitalik Buterin once worked out of eToro’s offices prior to launching the Ethereum network. Despite shifting to a more stock-focused revenue model—prompted, in part, by a dinner with Warren Buffett—crypto still accounts for a quarter of eToro’s business. “Nobody doubts that crypto is here to stay,” Assia said. You might also like: NEXPACE surges over 100% after a wave of exchange listings eToro’s IPO eToro’s public debut on Nasdaq follows an 18-year journey and a pivot to profitable growth, according to Assia. The company previously scrapped a SPAC merger in 2021 and instead waited for sustained profitability before going public. The company now joins a growing list of trading platforms with deep crypto roots that have matured into broader financial service providers, even as Bitcoin continues to shape their origin stories. You might also like: Wintermute enters US with HQ in NYC, hires former crypto lobbyist