Analysts believe a bitcoin rally to $127,000 is possible if the cryptocurrency closes above the $120,000 mark with strong volume, but they warn of a potential retest of the $114,000 to $116,000 range if the rally is rejected. BTC Enters ‘Wait-for-Confirmation’ Phase Bitcoin (BTC) broke past the $122,000 mark late on Aug. 10, marking the
Crypto markets are hyped up with presale hype as traders hunt for the best crypto to buy 2025 before the next bull run takes off. While Bitcoin and Ethereum dominate headlines, smaller projects with big upside are quietly pulling in massive investor interest. Meme coin veterans from PEPE and Shiba Inu communities are among those shifting capital into emerging names with high growth potential. One of the biggest talking points right now is MAGACOIN FINANCE, which some market watchers say could be gearing up for an explosive launch. With its presale gaining steam and long-term adoption plans in motion, MAGACOIN is starting to look like one of the high ROI crypto picks worth watching closely. Presale Mania is Back in Full Swing The last time presales caught this much attention, we saw multiple altcoins set to explode jump hundreds of percent within weeks of launch. Presently, the trend is returning as investors focus on top crypto presales with high ROI instead of chasing already-inflated blue chips. In 2025, the best crypto presale 2025 picks could offer better entry points than post-launch buying. Traders are narrowing in on crypto coins with growth potential that combine strong community backing, unique branding, and early-stage tokenomics. PEPE and SHIB holders, in particular, are leading this move, seeking top altcoins to buy that could deliver outsized gains in the months ahead. PEPE and SHIB Traders Shifting to MAGACOIN FINANCE for 14,200% Upside Longtime meme coin traders are no strangers to spotting early momentum. Many who saw life-changing gains from PEPE and SHIB are now turning their attention to MAGACOIN FINANCE. Analysts are pointing to its potential for a staggering 14,200% upside—equivalent to an 85x gain post-launch—as adoption grows. What’s attracting these traders is more than just hype. MAGACOIN’s presale structure rewards early participants with discounted entry, while its community-first approach mirrors what helped PEPE and SHIB go viral. As a candidate for best crypto to buy 2025, MAGACOIN ticks several boxes: scarcity, early-stage pricing, and an expanding base of holders. It’s also appearing on more shortlists for high ROI crypto picks heading into the new year, alongside established meme giants and promising new altcoins set to explode. Closing View: MAGACOIN’s Shot at 2025 Stardom The search for the best crypto presale 2025 has brought investors to a familiar crossroad—stick with proven names or move into fresh projects with higher upside potential. PEPE and SHIB veterans are increasingly betting that MAGACOIN falls into the second category. If its adoption curve continues to steepen and community backing remains strong, MAGACOIN could not only join the ranks of crypto coins with growth potential but also become one of the standout high ROI crypto picks of the year. With an ambitious roadmap, a growing base of holders, and the kind of early hype that’s hard to ignore, MAGACOIN may well be one of the altcoins set to explode in the next major rally. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Market Leaders See MAGACOIN FINANCE Delivering 85x Gain Post-Launch as Adoption Accelerates
With Bitcoin chasing a new all-time high (ATH) in the early hours today UTC (it peaked at $122,227), Anthropic’s Claude AI predicts the price of several major altcoins will multiply in the coming months, and may give crypto fans a good Christmas. In a major policy move, Trump last month signed the GENIUS Act to federally regulate stablecoins, ensuring they have adequate reserves. And in recent days, the U.S. Securities and Exchange Commission (SEC) unveiled Project Crypto , a sweeping proposal to modernize securities regulations for the digital asset era. Both signs that President Trump may finally be ready to deliver on his promise to make the U.S. the global leader in crypto innovation. So, sentiment is turning increasingly optimistic, and investors are awaiting the catalyst. Some analysts now suggest the next rally could surpass the peaks of 2021. According to Claude AI, these three altcoins could be among the biggest beneficiaries. XRP (Ripple): Claude AI Predicts More than 200% Upside by End-2025 Firstly, Claude AI predicts that Ripple’s XRP ($XRP) could climb to roughly $10 by the final quarter of 2025, tripling from its current value of about $3.20. The forecast follows a strong run in recent months. On July 18, XRP reached $3.65, setting a new record above its 2018 high before pulling back about 12%. Even so, it remains up 14% in the past month, outperforming both Bitcoin’s meagre 2% rise, along with many other large-cap tokens. Designed for rapid, low-cost cross-border settlements, XRP was recognized by the UN Capital Development Fund in 2024 as a high-quality international payments solution, cementing its role in the global remittance space. Ripple’s prolonged legal dispute with the SEC officially ended this year after the regulator dropped its case. This followed a 2023 ruling that retail XRP sales were not securities, seen as a decisive win for not just Ripple, but the whole industry, which had long been victim of heavy-handed enforcement actions by the previous SEC administration. Claude AI suggests that if XRP retests and clears its all-time high, it could move all the way up to $10 especially if geopolitical and macroeconomic headwinds ease. Technical readings show the Relative Strength Index (RSI) cooling from climbing up from 56, indicating buying momentum. Over the last year, XRP has rallied 455%, far exceeding Bitcoin’s 98% gains. Dogecoin ($DOGE): Original Meme Coin Still Packing Momentum First launched in 2013 as a joke, Dogecoin ($DOGE) has grown into one of the largest cryptocurrencies, with a market cap above $34.6 billion, supported by its meme-powered community and expanding payment utility. Although DOGE often tracks Bitcoin’s movements, its loyal following and high liquidity have allowed it to endure multiple market cycles. Now trading near $0.2302, the token is up 19% over the past month and showing resilience after its latest rally. Its RSI has cooled from a July peak of 80 to around 53, yet remains in an uptrend as buyers re-enter. Intraweek gains have added 13%, keeping pace with broader meme coin and crypto momentum, with the sector now worth $78.9 billion, nearly half of which is Dogecoin itself. Chart patterns show a falling wedge from November to April, often linked to bullish reversals. Claude AI’s high-end scenario has DOGE reaching $1.00 by year-end, which would be over 4× its current price. The dollar mark is also a key target for the “Doge Army” and thus forms a part of its lore as a meme coin. Adoption continues to grow, with Tesla accepting DOGE for select products and payment platforms like PayPal and Revolut supporting transfers. Solana ($SOL): ETF Rumors and Breakout Patterns Fuel Claude AI to Predict New ATH Solana ($SOL) has strengthened its foothold in the smart contract space, now capitalizing more than $96.6 billion of the market, with both institutional investors and developers expanding their involvement. Speculation about a U.S.-approved Solana spot ETF has been a key driver of its recent gains, and could easily mirror the impact we’ve seen with Bitcoin and Ethereum ETF approvals, opening the floodgates to institutional investment from TradFi actors. Additional buzz has come from President Trump’s social media site, where he tweeted a proposal, suggesting Solana could go in the U.S. national Bitcoin reserve as a hold-only asset that the government can keep on its books from law enforcement seizures. On the charts, SOL has broken out from a long-term downtrend. After hitting $250 in January and dropping to $100 in April, it has rebounded to $180. A descending wedge breakout has analysts eyeing a parabolic move. Claude AI estimates a year-end 2025 target of $300, a little under double current prices and higher than SOL’s ATH of $293.31 set in mid-January this year. With the help of US lawmakers, however, Solana could even exceed Claude’s prediction. Regulatory clarity will be vital as Solana’s presence in institutional portfolios grows. Maxi Doge Presale Blasts Past $500K—Next Big Meme Play? For traders seeking higher-risk, higher-reward meme coin opportunities, the presale market remains active. One newcomer, Maxi Doge (MAXI) , has already raised more than $684,000 just days after launch. The ERC-20 token centers on community building, with plans for active Telegram and Discord groups, trading contests, and collaborations to expand reach. A quarter of its 150.24 billion total supply is earmarked for the “Maxi Fund,” focused on partnerships and marketing. Holders will also be able to stake MAXI for passive income of 411% APY, although this goes down as the number of participants goes up. The presale price stands at $0.000251, with an increase set to take place in under 48 hours. Interested buyers can participate through the Maxi Doge website using wallets like MetaMask or Best Wallet . Click Here to Participate in the Presale The post Leading AI Claude Predicts the Price of XRP, Dogecoin and Solana by the End of 2025 appeared first on Cryptonews .
The $2.3 trillion market cap crypto progenitor, Bitcoin ($BTC) climbed to an unprecedented price high of $122,838 last month, intensifying speculation that a post-halving bull run could be imminent. This morning UTC it came close to setting a new record, peaking at $122,227. The price surge has reignited interest across the crypto sector, from major altcoins to the best meme coins . Over the past 12 months, coins such as XRP, TRON, Solana, Sui Network, Pepe, Trump, SPX6900, and FartCoin have all notched fresh all-time highs (ATHs). Adding to the sense of momentum, U.S. regulators appear to be inching closer to a comprehensive framework for digital assets. Firstly, Trump signed the GENIUS Act on July 18, the first federal regulatory system for stablecoins, four days after Bitcoin’s ATH. The Securities and Exchange Commission also recently unveiled “ Project Crypto ,” a proposed overhaul of securities oversight designed to bring long-demanded clarity to the cryptocurrency sector. With sentiment leaning bullish, several analysts believe the following altcoins could challenge previous records in the months ahead. Ripple (XRP): UN and White House-Endorsed Cross-Border Payments Crypto On July 18, Ripple’s XRP ($XRP) reached $3.65, eclipsing its 2018 peak of $3.40. While the token has since eased to about $3.20, an 11.7% drop, it has rebounded by 7% over the past 24 hours as its relative strength index remains above 50, hinting at more buying than selling. XRP’s appeal lies in its fast transaction speeds, low fees, and global payments system that operates outside traditional banking rails. Its efficiency has led to adoption by institutions and endorsements from organizations, including the United Nations. Ripple CEO Brad Garlinghouse was one of the few crypto network execs invited to Trump’s White House crypto summit back in March. The asset’s legal outlook brightened in 2023 when a U.S. court determined XRP’s retail sales were not securities, a ruling that closed a long-running lawsuit this year and spurred new investment flows. Over the last year, XRP has gained 455%, outpacing Bitcoin’s 98% rise. Technical data shows a bullish flag pattern between its descending support and resistance lines from January to early April, indicating a breakout that started in June, which may not yet have lost its momentum. The coin has risen 14% in the past month alone, well ahead of Bitcoin’s 2% climb. Having traded high above its 30-day moving average through July, it has now converged with this metric. XRP has also demonstrated firm support near $3, limiting downside risk. Taken altogether, the signs suggest a possible move toward $4 in the near term. Ethena ($ENA): Blockchain-Native Stablecoin Solution Primed for Major Rally? Ethena is a decentralized finance (DeFi) protocol seeking to create a crypto-native alternative to traditional stablecoins. Its main product is USDe, a synthetic dollar pegged to the U.S. greenback that isn’t backed by bank-held reserves. Instead, USDe is supported by crypto collateral, primarily Ethereum, and maintained through a mix of on-chain assets and delta-hedging strategies in derivatives markets. This design allows USDe to stay stable even during heavy market swings, offering users a dollar-like asset without relying on centralized stablecoin issuers like USDT or USDC. Over the last week, ENA has blown up 30%, far outpacing robust cryptos like Bitcoin and XRP, which only rose 5% and 7% respectively. Added to that, it has posted an astounding 147% gain over the past 30 days. This buying spree has led to an overheated relative strength index (RSI) of 74, which means some profit-taking is likely to occur over the week, consolidating its price around current level, or inducing a slight dip to bring its price back in line with the 30-day moving average, but ENA bulls will likely chase another rally soon, especially if Bitcoin climbs back up. Stellar (XLM): Veteran Payments Crypto Could Be Next to Break Price Records Founded in 2014 by Ripple co-founder Jed McCaleb, Stellar ($XLM) is one of the crypto market’s more established projects, targeting cross-border payments with a focus on speed and low cost. Like XRP, Stellar has been endorsed by the United Nations for its potential role in a future global payments network free of intermediaries. The difference between the projects is largely to do with accessibility. Stellar is open to the public, while XRP and the Ripple ledger are more for entities that transact large amounts with banks. Rather than using Bitcoin’s Proof-of-Work mechanism, Stellar relies on the Stellar Consensus Protocol, which processes transactions through a network of trusted validators without competitive mining. With a market capitalization of over $13.7 billion, XLM is currently the 16th-largest cryptocurrency. Analysts say that increasing regulatory clarity in the U.S. could serve as a catalyst for a major rally in the coming months. The token broke out of a bullish flag pattern in mid-July following whale-driven buying activity, climbing 7% over the past week to $0.441 at the time of writing, slightly ahead of Bitcoin’s 5% gains. Resistance is likely near $0.50, but a strong push could see XLM advance toward $0.80 by October, setting the stage to challenge its January 2018 all-time high of $0.8756. Bitcoin Hyper ($HYPER): Meme Culture Meets Bitcoin Layer 2 in Low-Price Crypto Presale In addition to established altcoins, emerging presale projects are drawing attention for their potential to lead the next wave of adoption. Among them is Bitcoin Hyper ($HYPER) , which bills itself as the first Bitcoin Layer 2 protocol infused with meme coin energy. Designed to boost Bitcoin’s scalability and transaction speeds, Bitcoin Hyper combines community-driven culture with technical enhancements. The project has already raised over $8.3 million in presale funding, with some analysts projecting a potential tenfold price increase post-launch. Built with Solana Virtual Machine integration, Bitcoin Hyper enables high-performance smart contracts while avoiding Bitcoin’s slower transaction throughput and higher costs. Its Canonical Bridge technology allows near-instant BTC transfers over its Layer 2 network, and low fees make it suitable for decentralized applications, payments, and meme tokens. Recent audits by blockchain security firms Coinsult and Spywolf reported no security flaws in the project’s smart contracts. The $HYPER token powers the ecosystem, offering staking rewards of up to 130% APY for presale participants, alongside genuine utility in the form of transaction fee payments and governance rights. Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information. Click Here to Participate in the Presale The post Crypto Price Prediction Today 11 August – XRP, Ethena, Stellar appeared first on Cryptonews .
Whales are making moves, and it’s not just into the big names. With Ripple (XRP) trading around $3.19 and facing heavy resistance, large holders are targeting assets with more upside potential. Recent data shows serious inflows into Chainlink (LINK) and VeChain (VET), but the surprise mention in trader circles is Remittix (RTX) , a DeFi project still in its early stage. Chainlink (LINK) Gains Backed by Heavy Accumulation The Chainlink price is currently around $21.84, up double digits this week. Whale tracking platforms confirm that wallets holding between 100K and 1M LINK have added over $150M worth of tokens in the past fortnight. Exchange reserves are falling, suggesting holders are moving LINK into cold storage. Chainlink News sentiment is overwhelmingly bullish, with traders calling it one of the top crypto to buy now before Q4. With supply tightening and demand rising, LINK is positioned for potentially outsized gains compared to XRP’s more measured pace. VeChain (VET) Climbs on Developer Surge The VeChain price is trading near $0.0248, steady after a 6% monthly gain. What’s more impressive is the ecosystem activity: VET ranks among the top three for development growth across all blockchains this year. That expansion is attracting early stage crypto investment from funds seeking projects with staying power. VeChain News highlights new enterprise integrations and sustainability-focused blockchain solutions, boosting its profile as a crypto with real utility. If adoption momentum continues, VET could see an explosive re-rating before year-end. Ripple (XRP) Holds Key Level, But Lacks Fresh Catalyst The XRP price is trading at $3.19, but it’s struggling to break above $3.30. While XRP News stays positive after the SEC case resolution, whale inflows have slowed compared to LINK and VET. XRP still appeals to risk-averse holders, but traders chasing the next 100x crypto are diversifying elsewhere. Source: TradingView Without a new adoption push or major market trigger, XRP risks being outperformed by more agile projects with stronger growth catalysts. Why Remittix Is Gaining Traction Ahead of the Bull Run While LINK, VET, and XRP battle for market share, Remittix (RTX) is building an entirely different lane, and whales are already paying attention. Here’s why RTX is the next 100x altcoin: Direct-to-bank crypto payouts with no centralized exchange delays Zero conversion fees and transparent FX rates built into every transfer Expanding integrations with remittance companies and fintech partners $18.7M+ raised with user onboarding growing daily ahead of listings The $250,000 Remittix Giveaway is accelerating exposure, but it’s the live payment rails and working infrastructure that make RTX a serious low cap crypto gem. For investors looking beyond headline names, this is one of the best cryptos under $1 with a realistic path to scale. Remittix Shines Amongst Top Crypto Projects for 2025 Chainlink and VeChain are proving their strength with hard data like rising prices, whale accumulation, and network growth. XRP remains stable, but without the same aggressive inflows. Remittix offers something different entirely: early entry into a project with utility, adoption, and room to multiply. In a market where the right early move can mean 1,000%+ gains, the whales have already shown where they think the next wave is coming from. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Blue Origin accepts cryptocurrencies for space travel, indicating potential Amazon interest. Collaboration with Shift4 allows seamless crypto transactions for Blue Origin flights. Continue Reading: Blue Origin Enables Crypto Payments for Space Travel The post Blue Origin Enables Crypto Payments for Space Travel appeared first on COINTURK NEWS .
Russian citizens are now able to purchase the rubble-pegged stablecoin A7A5 using the payment cards of a bank placed under Western sanctions. The crypto is believed to be used to move Russian funds globally, in circumvention of financial restrictions imposed over Moscow’s invasion of Ukraine, and to launder money. Its alleged links to a fugitive Moldovan oligarch and the Kyrgyzstan-registered Grinex, alleged successor of Russian crypto exchange Garantex, have also raised concerns. A7A5 stablecoin available to Russian card holders Ruble-backed A7A5 coins can now be acquired using bank cards, Russian crypto media unveiled, quoting an announcement by the project’s team on Monday. As of now, the new option is only available to holders of cards issued by PSB Bank, but the plan is to add support for other cards in the future, leading Russian crypto news outlet Bits.media noted in a report. A card purchase of A7A5 stablecoins can be initiated through a personal account on the issuer’s website, which is registered in Kyrgyzstan. To do that, users are required to provide a Russian phone number and pass identity verification, including sharing passport details and proof of address. To finalize a purchase, they need to specify an amount of tokens they want to buy and select a network, either Ethereum or Tron. Upon payment, the coins are credited to their wallet. Traders can also sell their stablecoins and receive Russian rubles that will be transferred to the bank accounts linked to their payment cards. The threshold for purchases is 100 tokens. Withdrawals are possible for at least 600. The monthly limit is 1.2 million A7A5, split equally between purchases and sales. A7A5 can be exchanged for U.S. dollar-tied Tether (USDT) stablecoins or stored in a wallet, which yields around 8% in annual interest. Only citizens of the Russian Federation who have accounts with the PSB can currently take advantage of the card-based service. Ruble stablecoin grows amid worries about its purpose The A7A5 is a relatively new stablecoin project. Launched in February of this year, it’s advertised as a cryptocurrency backed by deposits in PSB, formerly Promsvyazbank. The latter is a state-owned Russian institution, targeted with sanctions imposed by the United States, the European Union, the U.K. and Canada over Russia’s aggression against Ukraine. A7A5 holders are paid daily passive income amounting to half of the accruals on the bank deposits. The stablecoin is issued by a company called Old Vector, an entity registered in a Central Asian jurisdiction, which allows legal operations with both Russian currency and digital assets, Bits.media remarked. The cryptocurrency has been linked to the Kyrgyzstan -based crypto exchange Grinex, believed to have succeeded the Russian crypto exchange Garantex, whose website was seized by U.S. law enforcement earlier this year. Weeks after Garantex was shut down, Grinex started processing withdrawals with A7A5 tokens. The Financial Times alleged in an article that the stablecoin has been used to transfer over $9 billion in just four months. In a report published last month, TRM Labs said it found that “Kyrgyz-registered exchanges have repeatedly facilitated transactions linked to sanctioned Russian entities.” The blockchain forensics firm pointed to “a growing pattern of Russian actors exploiting the Central Asian nation to evade sanctions and procure dual-use goods for the war in Ukraine.” While the A7A5 team claims its project is “fully independent,” the stablecoin was created by A7, a Russian company with a majority stake owned by Moldovan oligarch Ilan Shor. After being convicted of bank fraud in his home country, Shor fled to Russia a few years ago. The businessman, now a Russian citizen, has been accused of buying votes during the latest elections in the former Soviet republic. Promsvyazbank holds shares in A7, too. Last year, the Chief of Moldova’s General Police Inspectorate, Viorel Cernăuțeanu, alleged that PSB was also involved in buying votes in his country. The smartest crypto minds already read our newsletter. Want in? Join them .
In a renewed, high-stakes bid for federal legitimacy, PayPal’s stablecoin issuer, Paxos Trust Company, applied on Monday for a national trust charter, escalating the regulatory race against rivals Circle and Ripple. If approved, the charter would upgrade the firm’s New York license to a federal one, placing it under direct OCC oversight and allowing it to operate nationwide with greater regulatory credibility. Today, we announced that we have filed an application to convert our NYDFS trust charter into a national trust charter under the Office of the Comptroller of the Currency. https://t.co/gVMdwteuLI — Paxos (@Paxos) August 11, 2025 From State Limits to National Reach: Paxos eyes OCC approval Paxos has operated under the NYDFS regime since 2015, when it became the first blockchain and tokenization platform to receive a limited purpose trust charter. That license allowed Paxos to issue regulated products, including the first regulated stablecoin in 2018, but limited to New York and states with reciprocal agreements. Applying for a national trust charter, Paxos is seeking to lift its New York-only restrictions, granting it nationwide authority without the need for separate state licenses, while also strengthening its reputation through unified OCC oversight and opening the door to possible access to federal payment networks. The OCC has relaxed its restrictions on banks engaging with crypto, just hours after @realDonaldTrump pledged to end regulatory barriers. #OCC #Trump https://t.co/GEYG4fCXHu — Cryptonews.com (@cryptonews) March 8, 2025 Notably, OCC supervision might cement Paxos as one of the most heavily regulated blockchain entities globally, a factor the company believes will appeal to major financial institutions considering stablecoin and tokenization solutions. “By applying for a National Trust Bank charter, we are continuing to offer enterprise partners and consumers the safest, most trusted infrastructure available,” said Paxos’s CEO Charles Cascarilla. The timing coincides with the recent passage of federal stablecoin legislation under the GENIUS Act , which set a clearer regulatory framework for digital dollar-pegged assets. Paxos says this alignment between federal rules and its own compliance history creates “a crucial moment to scale our services nationally.” Under a multi-jurisdictional framework, Paxos already operates with oversight from the Monetary Authority of Singapore (MAS), the Financial Supervisory Authority in Europe (FIN-FSA), and the Financial Services Regulatory Authority (FSRA) in Abu Dhabi . In Cascarilla’s view, it’s the next logical step in building infrastructure that “powers financial freedom through blockchain” while meeting the demands of increasingly stringent global regulators. OCC Charters Become the Latest Prize in Crypto’s Expansion Push Paxos’ OCC application follows similar moves from Circle and Ripple , two other high-profile stablecoin and blockchain firms seeking national trust bank charters. @Ripple has applied for a national banking license from the OCC, seeking federal oversight for its Ripple USD stablecoin, $RLUSD . #Ripple #RLUSD https://t.co/G4cNNRBBzz — Cryptonews.com (@cryptonews) July 2, 2025 But so far, Anchorage Digital remains the only active crypto entity with an OCC national trust charter, granted conditionally in January 2021. Anchorage’s experience shows both the potential and pitfalls of the model; while its charter enabled expanded crypto-native services, compliance lapses around AML triggered an OCC consent order in 2022 . The hurdles of securing and maintaining a national charter are steep. Not all past applicants fared well; both Protego Trust and the earlier Paxos application failed to meet OCC expectations and ultimately expired . Meanwhile, lobbying groups such as the American Bankers Association, along with four other major trade groups, have raised strong objections to new crypto charter applicants. In a July 17 letter , the groups argued that the public portions of these applications lack sufficient detail for meaningful scrutiny, urging the OCC to release more information on business plans before proceeding. They warned that granting such charters, which do not involve insured deposits or lending, would represent a significant policy shift that warrants deeper public input. This year, Paxos has expanded its footprint through partnerships with Mastercard , Interactive Brokers, and MercadoLibre, while continuing to issue and manage stablecoins like PayPal’s PYUSD and gold-backed PAXG. Paxos once collaborated with Binance, the world’s largest cryptocurrency exchange, to issue and distribute the Binance USD (BUSD) stablecoin. In early 2023, the New York Department of Financial Services ordered Paxos to halt BUSD issuance , prompting the company to terminate the partnership. Paxos Trust Company has agreed to a $48.5 million settlement with the New York State Department of Financial Services (DFS) over allegations it failed to monitor illicit activity tied crypto exchange Binance. #Paxos #Binance https://t.co/u6PVFMrn46 — Cryptonews.com (@cryptonews) August 7, 2025 Just last week, Paxos agreed to pay $48.5 million to settle New York State charges alleging it failed to adequately monitor illicit activity tied to Binance. The settlement follows Binance’s former CEO pleading guilty to U.S. anti-money laundering violations as part of a $4.3 billion resolution reached in 2023. The post Paxos Makes Landmark Play for National Trust Charter from OCC appeared first on Cryptonews .
BitcoinWorld Unprecedented Crackdown: 210M Won in Korean Virtual Asset Taxes Seized The landscape of cryptocurrency taxation in South Korea is evolving rapidly, and recent developments highlight the nation’s intensified efforts. Seoul’s Gangnam District, in a landmark move, successfully seized 210 million won in unpaid Korean virtual asset taxes . This action signals a crucial shift in how authorities are tackling tax compliance in the digital realm, particularly concerning unpaid crypto taxes . This significant enforcement action demonstrates a proactive stance against crypto tax evasion Korea has been grappling with, setting a new precedent for digital asset accountability. Why Are Virtual Assets No Longer a Tax Blind Spot? For a considerable period, virtual assets were perceived as a challenging “blind spot” for tax authorities. Their decentralized nature and pseudonymous characteristics made tracking and taxing difficult. However, governments worldwide, including South Korea, are now devising robust strategies to ensure fair taxation. The recent seizure in Gangnam District underscores this proactive approach. It demonstrates a clear intent to bring cryptocurrency holdings under the traditional tax framework. This isn’t just about collecting revenue; it’s about establishing a precedent for accountability in the digital economy and ensuring all citizens contribute their fair share of Korean virtual asset taxes . How Are Virtual Asset Seizures Being Implemented in Korea? The success of Gangnam District’s operation provides a blueprint for future enforcement. In the first half of last year, the district collaborated closely with the Seoul Metropolitan Government. They secured vital data directly from Korea’s five major virtual asset exchanges. This data access was instrumental in identifying individuals with substantial virtual asset holdings who had outstanding tax liabilities. Previously, Gangnam District pioneered this approach, becoming the first Seoul district to execute virtual asset seizures last year, recovering an impressive 340 million won. This ongoing effort highlights a growing sophistication in tracking digital wealth and combating crypto tax evasion Korea has faced. By leveraging partnerships with exchanges, authorities gain the necessary insights to identify and pursue non-compliant taxpayers. It’s a testament to the increasing transparency within the crypto ecosystem, driven by evolving South Korea crypto regulations . The Broader Impact of South Korea Crypto Regulations on Tax Compliance This latest seizure sends a strong message across the virtual asset community in South Korea. It reinforces the notion that holding significant digital wealth does not exempt individuals from their tax obligations. These actions are part of a broader trend of tightening South Korea crypto regulations , aiming to foster a more transparent and compliant digital financial environment. Key Takeaways from the Virtual Asset Seizures: Increased Enforcement: Authorities are actively pursuing individuals with unpaid crypto taxes on virtual assets. Data Collaboration: Partnerships with exchanges are crucial for identifying non-compliant taxpayers and facilitating virtual asset seizures . Precedent Setting: Gangnam District’s success serves as a model for other regions looking to enforce Korean virtual asset taxes . Growing Transparency: The era of untraceable crypto wealth is steadily coming to an end in regulated jurisdictions. This proactive stance is likely to encourage greater voluntary compliance among virtual asset holders. Furthermore, it sets the stage for more comprehensive tax frameworks for digital assets in the future. What Does This Mean for Unpaid Crypto Taxes Moving Forward? The consistent success in seizing unpaid crypto taxes suggests a sustained commitment from Korean authorities. It signals that virtual assets are no longer a regulatory blind spot but are firmly within the scope of tax enforcement. Individuals and entities involved in the virtual asset space in Korea should ensure their tax affairs are in order to avoid penalties related to crypto tax evasion Korea is actively targeting. This development is not isolated; it reflects a global trend where governments are keen to integrate digital assets into existing financial and tax systems. Therefore, staying informed about evolving regulations is paramount for anyone holding or trading cryptocurrencies. In conclusion, the seizure of 210 million won in unpaid Korean virtual asset taxes by Seoul’s Gangnam District marks a significant milestone in digital asset regulation. It showcases the increasing capability of authorities to track and enforce tax laws within the cryptocurrency space. This move is a clear indication that the era of treating virtual assets as an untaxable frontier is drawing to a close, paving the way for a more structured and accountable crypto economy in South Korea. Frequently Asked Questions (FAQs) Q1: What is the significance of the 210 million won seizure? This seizure signifies a major step in South Korea’s efforts to enforce tax laws on virtual assets, demonstrating that authorities can effectively track and collect outstanding taxes in the crypto space. Q2: How did Gangnam District identify virtual asset holders with unpaid taxes? Gangnam District collaborated with the Seoul Metropolitan Government and secured data from Korea’s five major virtual asset exchanges, which allowed them to identify individuals with tax liabilities. Q3: Are virtual assets now fully taxable in South Korea? Yes, virtual assets are increasingly subject to taxation in South Korea. The recent seizures highlight the government’s commitment to integrating digital assets into the existing tax framework, ensuring compliance. Q4: What are the implications for crypto holders in Korea? Crypto holders in Korea should ensure full compliance with tax regulations. The increased enforcement means that virtual assets are no longer a ‘blind spot,’ and tax evasion will be actively pursued. Q5: Will other districts or countries follow this approach? Gangnam District’s successful approach sets a precedent and could serve as a model for other districts in South Korea and potentially inspire similar enforcement strategies in other countries grappling with virtual asset taxation. Did you find this article insightful? Share it with your network to spread awareness about the evolving landscape of cryptocurrency taxation and enforcement in South Korea! To learn more about the latest crypto tax enforcement trends, explore our article on key developments shaping South Korea’s crypto tax landscape future tax policies . This post Unprecedented Crackdown: 210M Won in Korean Virtual Asset Taxes Seized first appeared on BitcoinWorld and is written by Editorial Team
Strategy has acquired 155 BTC for $18 million, bringing its total holdings to 628,946 BTC as Bitcoin price nears record highs. Strategy purchased 155 BTC for $18 million at an