Ripple releases 1 billion XRP monthly, primarily reinvested in escrow. Minimal XRP supports Ripple operations and On-Demand Liquidity platform. Continue Reading: Ripple’s Strategic Moves Boost XRP Beyond Expectations The post Ripple’s Strategic Moves Boost XRP Beyond Expectations appeared first on COINTURK NEWS .
KuCoin has officially launched a fully licensed crypto exchange in Thailand, marking the first locally regulated platform under the KuCoin brand. Crypto exchange KuCoin has publicly launched KuCoin Thailand, a fully regulated digital asset trading platform operating under the supervision of Thailand’s Securities and Exchange Commission . The new exchange follows an invite-only pilot phase and is now open to all eligible users in Thailand. The launch of KuCoin Thailand marks the debut of the first fully licensed local exchange under the KuCoin brand. It operates with regulatory approval and offers both crypto-to-crypto trading and fiat integration, including Thai Baht on-ramp and off-ramp services. You might also like: KuCoin debuts in Thailand with full regulatory approval KuCoin officially entered Thailand’s regulated crypto market following an April 23 announcement that saw ERX Company Limited — Thailand’s first SEC‑supervised crypto exchange — rebrand to KuCoin Thailand and relaunch under its license. The transition, effective April 22, migrated all existing ERX users and introduced the KuCoin TH app for Android and iOS. Thailand’s crypto sector is one of the most active in Southeast Asia, bolstered by progressive regulation and increasing adoption. KuCoin joins a competitive field that includes eight other SEC-licensed exchanges, including Bitkub, Upbit , Gulf Binance, Thai Digital Assets Exchange, WAAN Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, and Orbix Trade. Despite regulatory tightening and restrictions on crypto payments, interest in trading remains high. KuCoin is also looking to expand into Europe by securing a Markets in Crypto-Assets license. In February this year, the exchange submitted an application in Austria, aiming to gain approval to operate throughout the European Union. You might also like: Interview | SingularityNET’s Dr. Ben Goertzel on AGI, crypto and the end of jobs
Cryptocurrency analyst and trader Kevin Svenson is saying that Bitcoin ( BTC ) could rally by up to 78% from the current level. In a new strategy session, Svenson tells his 83,300 YouTube subscribers that a price of $190,000 is within the realm of possibility” for Bitcoin this cycle. While $190,000 is the highest price target that Svenson says Bitcoin could reach during this cycle, the analyst says the most likely level the crypto king could reach is around 33% above the current price. “And the middle, the median ideal target is $142,500. That is sort of where you can expect Bitcoin’s price to top out in this cycle.” According to the crypto analyst, a stock market rally could act as a bullish catalyst for Bitcoin. “The way that I see it, if the S&P 500 can break out into new all-time highs and continue through the all-time high, that would likely allow Bitcoin to run to at least $124,000 and maybe as high as $142,000. So, that is how I see this playing out.” On when Bitcoin could top out during the current cycle, Svenson says, “We’re on the home stretch here. And this might actually run all the way up towards maybe even October… …80 weeks after each halving is usually where the top comes in and where the bear market begins… …which for this cycle lands you at end of October, beginning of November [of this year].” Bitcoin is trading at $107,017 at time of writing. 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 $190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook appeared first on The Daily Hodl .
Bitcoin rally toward a new all-time high was abruptly derailed late Thursday after reports of Israeli airstrikes on Tehran sparked broad market panic. The largest cryptocurrency plunged 2.8% within 90 minutes—from $106,042 to a low of $103,053. According to CoinMarketCap, Bitcoin has recovered to $104,900 at the time of writing, down by around 2.5% in the past day. The sudden drop has brought Bitcoin close to the psychological level of $100,000 , triggering mass liquidations. The airstrikes, which hit the Iranian capital at 22:50 UTC, were confirmed shortly after by Israeli officials. Prime Minister Benjamin Netanyahu stated that the operation was aimed at neutralizing Iran’s nuclear threat, and that further strikes could follow. Iran’s response has been swift, with state media reporting the launch of over 100 drones in retaliation. As tensions escalate, risk assets are under pressure, and Bitcoin—despite being touted as a hedge—has reacted sharply in the red. Bitcoin Bullish Sentiment Collides with Geopolitical Reality The timing of the drop was particularly brutal for traders who had positioned themselves for a breakout above Bitcoin’s previous all-time high of $111,940. On Tuesday, just days before the conflict flared, BTC had rallied to $110,265, stoking bullish sentiment . According to data from CoinGlass, more than $427 million in long positions were liquidated over the past 24 hours as the price plunged, leaving many traders nursing heavy losses. However, not all are pessimistic. Bitcoin advocate Anthony Pompliano pointed out that similar market reactions were seen last October when Iran launched hundreds of rockets toward Israel. Back then, BTC initially dropped 3%, only to outperform traditional safe-haven assets like gold and oil within 48 hours. “The initial reaction is always fear,” Pompliano said, “but Bitcoin has a way of bouncing back stronger.” Buy-the-Dip Mentality Returns Meanwhile, both gold and oil have climbed 1.44% and 11% respectively, highlighting a broader flight to safety. Yet some believe BTC’s time to shine could still come. Among those urging calm is Samson Mow of Jan3, who posted a message to GameStop CEO Ryan Cohen encouraging strategic buying. Mow stated, “This is where you buy it when it feels scary. If it dips lower and you feel even more nervous, buy even more.” GameStop recently allocated part of its $1.5 billion raise to purchase 4,710 BTC, worth $513 million at the time. The post Bitcoin Dips Toward $100K Amid Israel-Iran Conflict, Long Positions Wiped Out appeared first on TheCoinrise.com .
TRON’s recent block reward halving has officially taken effect, marking a pivotal shift in the network’s tokenomics. The adjustment reduces block rewards from 16 TRX to 8 TRX and decreases
European stocks dropped sharply when markets opened on Friday’s as investors switched to safe-haven assets following Israel’s strikes on Iran. At the same time, U.S. Treasury yields eased amid the rising tensions. The European STOXX 600 index fell 1.45% to 545.10 points by 08:56 GMT. This marks the fifth straight session of losses for the benchmark, pointing to a weekly decline. STOXX Europe 600 index. Source: Google Finance Heightened geopolitical risk in the Middle East added to existing market concerns over the U.S. President Donald Trump’s tariff policies. The travel and leisure sector dropped 3.1%, with notable declines among major carriers: British Airways owner IAG fell 4.8%, Germany’s Lufthansa lost 4.6%, and EasyJet shares slid 4.3%. Carnival, the London-listed cruise operator, saw its stock decline by 5%. Crude oil prices surged more than 7%, putting extra pressure on airline stocks. By contrast, energy companies benefited from the oil rally. Shares of Shell and BP each rose 1.9%. Defense stocks also outperformed, with France’s Dassault Aviation up 1.3% and Italy’s Leonardo climbing 2.3%. US Treasury yields fell alongside Euro stocks In bond markets , U.S. Treasury yields retreated. The yield on the benchmark 10-year Treasury dropped two basis points to 4.351% by 08:30 GMT. Yields on two- and five-year notes also fell by around two basis points, and longer-dated issues saw similar declines. The slide came after Israel launched airstrikes on Iranian soil, targeting nuclear facilities and ballistic missile factories it said were part of efforts to develop an atomic weapon. These explosions were heard in Iran’s capital, Tehran at 3:00 local time. In response, Iran sent 100 drones toward Israeli territory. Iranian state media reported the deaths of Mohammad Hossein Bagheri, head of the Iranian Armed Forces, and Hossein Salami, commander of the Islamic Revolutionary Guard Corps. Two leading nuclear scientists were also said to have been killed in the raids. Furthermore, the Iranian state TV announced that residential areas of Tehran were also targeted in the strikes. As of yet, Iranian authorities have informed the IAEA that there have been no radiation leaks at Natanz site, which was confirmed to be hit. Supreme Leader Ali Khamenei vowed that Iran would respond to the attacks . Meanwhile, Israel declared a state of emergency and warned civilians to prepare for possible missile and drone strikes “in the immediate future.” Market watchers are now looking for further developments in the region and any additional policy moves from Washington that could influence global trade and risk sentiment. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
This filing increased investor fears despite reassurances from executives that no actual sales occurred. The drop came shortly after Sharplink revealed plans to raise $1 billion to purchase Ethereum as part of its blockchain treasury strategy. GameStop also saw a post-earnings dip as Q1 revenue missed expectations. Despite gaming share drops, there is still interest in gaming companies. Tencent is reportedly exploring a potential acquisition of Nexon, which recently launched Web3 versions of MapleStory. However, the discussions are still in the early stages, and no formal agreement has been made. Sharplink Crashes as Market Misreads Filing Shares in sports betting platform Sharplink Gaming plummeted by 67% in after-hours trading on Thursday after the company's filing to register nearly 58.7 million shares for potential resale. This very clearly caused some concern among investors. The sharp decline followed a 12.25% drop in the stock’s regular trading hours, closing at $32.53 before briefly plunging below $8. It later stabilized somewhat by trading at $10.55. Sharplink Gaming share price over the past 24 hours (Source: Google Finance ) The market reaction was driven by confusion over the nature of the filing. Joseph Lubin, chairman of Sharplink Gaming and CEO of blockchain software company Consensys, took to social media to clarify that the Form S-3 filing with the US Securities and Exchange Commission (SEC) was standard practice and does not signal that any actual sales of shares took place. He explained that the filing is a procedural step after a private investment in public equity (PIPE) deal and does not reflect current or imminent sales. Matt Corva , general counsel at Consensys, shared that the filing merely formalizes details that were already made public two weeks earlier. “It doesn’t reflect anyone’s sales, which may or may not ever happen,” Corva stated. He also mentioned that the filing confirms the previously announced sale of shares to investors, validating the company’s Ethereum-focused treasury strategy. Sharplink revealed on May 30 that it plans to raise up to $1 billion through a stock sale to fund a major Ethereum (ETH) acquisition as part of its new blockchain-based treasury strategy. Despite the clarification, the abrupt drop in share price proved that investors are very cautious of the large resale filings. Charles Allen , CEO of BTCS Inc., talked about the psychological impact such filings can have on shareholders. “This creates a prisoner’s dilemma,” he said, referencing the rush among investors to sell before others do. However, Allen speculated that the situation could turn around quickly if Sharplink follows through on its promise and announces the anticipated $1 billion Ether purchase soon. “If they played cards right,” he suggested, “this could be a brilliantly timed move to reignite investor confidence and the stock’s momentum.” GameStop Shares Slide After Mixed Q1 and Bitcoin Bet GameStop Corp (GME) shares also slipped in after-hours trading on Tuesday after the release of its first-quarter earnings , which painted a mixed picture of operational recovery despite declining revenue. The video game retailer reported $732.4 million in revenue for the quarter ending May 3. This fell short of analyst expectations of $754.2 million and was a 17% year-over-year decline. The company attributed the revenue drop to persistent headwinds in physical game sales. Overview of GameStop’s Q1 performance (Source: GameStop ) Despite the weaker top-line figure, GameStop recorded some improvements in profitability. Net income reached $44.8 million, a turnaround from a net loss of $32.3 million during the same period last year. Operating losses also narrowed to $10.8 million, compared to $50.6 million in Q1 of 2024. Still, the market reacted negatively to the revenue miss, with GME shares dropping more than 3.5% in after-hours trading to just above $29. GameStop share price over the past month (Source: Google Finance ) The company’s stock performance has been relatively stagnant over the past month and is down approximately 3.8% year-to-date. This modest decline comes shortly after GameStop entered the world of digital assets by confirming in late May that it purchased 4,710 Bitcoin (BTC), valued at around $513 million at the time. The firm said the Bitcoin acquisition was funded through a $1.3 billion convertible note offering. GameStop has not revealed just how much more Bitcoin it plans to purchase but indicated that it has some flexibility in its strategy. This means that it may sell its holdings if necessary. The company reported a robust $6.4 billion in cash, cash equivalents, and marketable securities, which is an impressive increase from $1 billion a year ago. This gives it more than enough firepower to expand its Bitcoin reserve in the future. Tencent Explores Nexon Deal Despite the recent gaming stock drops, there is still some interest in gaming companies. Tencent, one of China’s largest tech conglomerates, is reportedly in discussions to acquire South Korean game developer and publisher Nexon, the company behind the popular MapleStory franchise. According to a Bloomberg report , representatives from Tencent reached out to the family of Nexon founder Kim Jung-ju to explore a possible deal. However, the discussions are still in the early stages, and no formal agreement has been made. Nexon has long been a dominant force in the online gaming industry, and MapleStory gained massive popularity in the early 2000s. More recently, Nexon has been active in the Web3 gaming space by launching blockchain-integrated versions of its flagship series. In May of 2025, the company rolled out MapleStory N and MapleStory Universe, both of which allow players to earn and trade in-game items as non-fungible tokens (NFTs). Web3 gaming, while still a niche segment in the gaming industry, experienced a dramatic uptick in activity. A February 2025 report from DappRadar indicated that blockchain gaming saw a 368% year-over-year surge in January, driven in part by the popularity of games like Off The Grid — a AAA-quality shooter by Gunzilla Games — and anticipation around MapleStory N. These new titles aim to merge high-end graphics and gameplay with blockchain-based economies. This is a departure from earlier Web3 games that focused more on rewards and often lacked gameplay depth. (Source: DappRadar ) Despite this excitement, the sector still has to reach mainstream adoption. DappRadar reported a 10% drop in daily unique active wallets by early 2025, which suggests that the initial surge of interest may be tapering off. There are also still some challenges to overcome, including the complexity of setting up crypto wallets and widespread skepticism among traditional gamers, many of whom vsee monetization mechanics like play-to-earn with suspicion . While Tencent’s potential acquisition of Nexon could energize the Web3 gaming landscape, it also sheds some light on the sector’s ongoing struggle to balance innovation with accessibility and player trust.
BitcoinWorld Top 3 Projects Leading Web3 Innovation in 2025 – WonderChain · io.net · World “Technology becomes true innovation only when it integrates into everyday life.” Chris Dixon, a partner at a16z and one of the leading thinkers in Web3, recently stated in an interview, “Web3 is not just a technology—it is a fundamental movement to return the internet to its users.” His words capture the essence of the current Web3 landscape in 2025. The market no longer revolves around abstract concepts or speculative assets. Instead, the key criteria for evaluating projects have become: “How well does it function in real life?” and “How many users are actually experiencing its value?” As technical advantages give way to usability and structural utility as success factors, three projects are emerging as frontrunners in this pivotal shift, drawing global attention across the Web3 space. WonderChain – A Real-Life Web3 Ecosystem Connecting Travel, Rewards, and Global Commerce WonderChain is the world’s first Web3 system to integrate travel, real-world rewards, and global commerce into a single cohesive structure. Users can sign up effortlessly using just an email or social media account—no wallet installation or seed phrases required. Through real-time location verification, community missions, and commerce participation, users earn credits, which they can then spend on real-world products, creating a self-sustaining value loop. Additionally, gas fees generated within the ecosystem are automatically burned, forming a deflationary structure that reinforces both the scarcity and intrinsic value of the utility token. WonderChain has recently entered the Southeast Asian market by signing an MOU with Indonesia’s Cashtree, which has over 22 million users. Building on this, strategic partnerships are actively expanding with major players such as MAP (Indonesia’s largest retail group), Dana (e-wallet platform), and Telkomsel (telecommunications provider). Recently selected alongside Bitcoin and Celestia as one of the top 3 next-gen projects to watch in the 2025 bull run, WonderChain is rapidly gaining global momentum ahead of its official launch in mid-2025. io.net – Leading the DePIN Space by Connecting AI and Web3 Through Distributed GPU Infrastructure io.net is a DePIN (Decentralized Physical Infrastructure) project built on Solana that connects unused GPU resources worldwide to establish a decentralized AI infrastructure. Both individuals and enterprises can utilize AI compute power more affordably and flexibly than traditional centralized cloud services. This project is a prime example of how Web3 technologies can solve real-world industrial challenges. With validated user data and a functioning revenue model, io.net has established itself as a dominant force in the DePIN category and is rapidly emerging as a credible alternative to traditional Web3 infrastructure. World (formerly Worldcoin) – Revolutionizing Digital Identity and Global Financial Access via Iris Authentication World, spearheaded by OpenAI co-founder Sam Altman, issues digital identities called World ID through iris authentication. This bold solution tackles one of Web3’s longest-standing challenges: identity verification. Under the principle of “one person, one account,” World enables fair reward distribution, trusted DAO voting, and broader financial inclusion. Tens of millions of users have already obtained World IDs, and its iris-scanning devices, known as Orbs, have been deployed across dozens of countries—laying the foundation for a global digital civic infrastructure built on Web3. Conclusion – These 3 Projects Are Rewriting the Future of Web3 Through Real-World Utility WonderChain, io.net, and World are each bringing Web3 to life in distinct but impactful ways. WonderChain connects everyday activities with consumption, effectively “domesticating” Web3 into users’ daily routines. io.net uses decentralized infrastructure to tackle inefficiencies in industrial systems, proving Web3’s tangible utility. World addresses the core challenge of digital identity and trust, laying the groundwork for blockchain-based civic systems. The Web3 market in 2025 is no longer about hypothetical possibilities. The defining criteria have become: Does it work in everyday life? and Do real users feel its value? io.net and World have already proven global traction and credibility through listings on Binance. WonderChain, with its structural completeness and global expansion strategy, is also being viewed as a strong Binance listing candidate. In this quiet but decisive shift, WonderChain · io.net · World are not just trends—they are shaping up to be the new standard for the next generation of Web3. This post Top 3 Projects Leading Web3 Innovation in 2025 – WonderChain · io.net · World first appeared on BitcoinWorld and is written by Keshav Aggarwal
Bitcoin might have faced its biggest liquidation on Binance following surge of pressure on crypto market
The U.S. Securities and Exchange Commission (SEC) has officially withdrawn 14 proposed crypto regulatory rules, signaling a significant shift in its approach to digital asset oversight. This move includes rescinding