Ethereum is finally breaking out of its Bitcoin blues.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Neobanks improved convenience, but true financial freedom requires transparency, control, and autonomy, deobanks like WeFi are making it a reality. Table of Contents What financial freedom really means The limits of Neobanks What makes a Deobank different How WeFi delivers real financial freedom Rethinking what financial freedom really takes At some point, most of us have excitedly downloaded the latest fintech app, lured in by its promises of seamless transactions, effortless budgeting, and a slicker financial experience. Clean and modern interfaces make onboarding a breeze, while the debit card arrives in cool, photogenic packaging that makes users feel special. But, what has actually changed? Once the initial excitement fades, we realize it’s the same engine, the same infrastructure, just a pretty new face to interact with. That means the same limitations, opaque rules, and lack of control are still in place. Of course, things are faster and the upgrade is more convenient and usable, but access and financial freedom are not the same thing. A nicer interface doesn’t mean more autonomy. Until now. The concept of a deobank is one where users can have their cake and eat it. People get beautiful interfaces and revolutionary features, as well as full control of their finances and complete transparency over their funds. That requires more than just a sleek and minimalist new card arriving in the mail, users need to leverage decentralized technologies, transparent-by-design tooling, and user-centric platforms built on the values of blockchain technology. What financial freedom really means Let’s reflect on what “financial freedom” actually means (hint: it’s more than just having a certain amount of money in the bank). It’s really about: Having full control over funds: Only users can decide how their money is used, with no limits, no freezes, and no need to ask permission or justify a withdrawal. They’re the user’s assets, always accessible. Having confidence and transparency: Users should be able to see how their bank manages its assets (user funds), understand every fee being charged, and know that every transaction is recorded immutably on a public ledger. With transparency comes confidence, not blind trust. Having full flexibility: Financial freedom is having the tools to save, send, spend, or grow money without restrictions. Users can invest in emerging DeFi protocols, earn a competitive yield, or get a loan, whenever they like, with no barriers. Traditional banks and neobanks don’t offer this level of control, and likely wouldn’t, even if they knew how to. Instead, they improve their apps and make nicer looking cards. Truthfully speaking, a fresh coat of paint and sleek aesthetics does absolutely nothing for financial autonomy. To do that, we need to overcome certain limitations. The limits of Neobanks It’s hard to argue that neobanks haven’t disrupted banking with their user-friendly UI and reduced fees, but when we look closer, they’re hardly different from their traditional banking predecessors. It’s now a critical task for new and innovative fintech platforms to help take the industry into a new era. Consider these key limitations: Legacy banking rails: Most neobanks are dependent on traditional banking rails for payment processing, regulatory compliance, and infrastructure. They’re subject to the same inefficiencies, delays, and restrictions. Subject to centralization: Neobanks may have improved the user experience, but they’re still controlled centrally, meaning they can freeze accounts, place arbitrary limits, charge whatever fees they deem fit, and make decisions about the users’ funds. If they can do that, users don’t truly own their “banked” assets. Centralization also exposes users to hacking risks, regulatory intervention, and fund mismanagement. Users are essentially renting their financial freedom, not owning it. Is a smoother app worth the trade-off, or are people willing to explore new fintech developments to get a much better experience and autonomy? You might also like: Stablecoins can hold central banks fiscally accountable | Opinion What makes a Deobank different Deobanks are the next step forward for banking, and how we think about banking. They are blockchain-native, decentralized platforms designed to empower users with real financial freedom via a transparent, secure, and accessible financial system. Here’s what defines a deobank: Non-custodial or hybrid accounts: In a non-custodial model, users hold the private keys to their digital assets, with nobody else having any power or control over them. Alternatively, hybrid models offer more balance, providing custodial options to those who want them, but with self-custody prioritized. On-chain transparency: Everything that happens within a deobank is recorded immutably, on a public blockchain, for anyone to verify and track. No more black box activity, banking mysteries, or “misappropriated funds”. Stablecoins: Deobanks understand that cryptocurrencies pegged to stable assets, like the US dollar, enable seamless, global financial access. These stablecoins, like USDC and USDT, eliminate the volatility associated with cryptocurrencies and make for cheaper, faster, and borderless transactions. DeFi integrations: Decentralized finance offers thousands of new tools with incredible opportunities, such as lending protocols, yield farming platforms, and other financial products typically hard to access with traditional banks. Right now, only deobanks like WeFi are pursuing this kind of freedom, flexibility, and control for their users, who they see as participants, not customers. Maksym Sakharov, WeFi’s Group CEO and Co-founder discusses what problems deobanks must solve that neobanks and traditional banks still struggle with, especially when it comes to user autonomy and transparency. He explains that deobanks address the fundamental issue of centralized control inherent in traditional banking systems. With WeFi, users get unparalleled autonomy over their assets, eliminating the risk of arbitrary account freezes or restrictions. How WeFi delivers real financial freedom WeFi is leading a revolution in banking, embodying the deobank model to redesign the system in favor of the users. They plan to achieve this by leveraging decentralized technologies and ideals to deliver full transparency and user empowerment. Key features designed to achieve the deobank dream: Smart contract-based accounts: WeFi accounts are built on smart contracts. This requires users to connect with their own blockchain wallets, but allows them full control over their funds and eliminates intermediaries. Full transparency: Every transaction and operation on WeFi is recorded on the blockchain for full auditability, so that users no longer have to ask “what is happening to my funds”. The system’s integrity is verified at all times. Real-time access: WeFi provides users with immediate access to a range of tools, like high-yield savings accounts, near-instant payment solutions, and lending or borrowing opportunities. Users are empowered and encouraged to manage their finances more actively. Optional custody: Some users may want full control, while others may opt for WeFi’s support with security and account protection. WeFi knows that they have to go further than just convenience, but what does the platform believe makes the deobank approach unique in empowering users with true financial control? Head of Growth, Agne Linge, shared that WeFi’s unique approach lies in its seamless integration of DeFi principles, tools, and opportunities into a sleek UI, offering non-custodial options and transparent on-chain operations, and empowering users to retain complete control over their assets. Rethinking what financial freedom really takes A cool debit card and funky UI are not financial freedom, they are just convenience. They don’t shift the power dynamic, improve ownership, access, or transparency. Only deobanks like WeFi are working on pushing for that change. Now, it’s time to consider a new type of system that works for all users, for financial freedom, for autonomy, and for a new era of financial empowerment. New possibilities, opportunities, and options await. Read more: Blockchain technology is the key to grassroots financial freedom | Opinion Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
In a recent announcement, **Solana** co-founder **Anatoly Yakovenko** revealed significant advancements in the network’s infrastructure. The latest update, **Solana v2.2**, boasts a **20% increase** in compute capacity, marking a pivotal
You might be eligible to get $20 per Apple device—up to $100 per household—because Siri allegedly listened more than she should have.
Solana co-founder: Solana v2.2 boosts computing power by 20%, equivalent to adding the capacity of 5 Ethereum Pectra upgrades to the network. $SOL #Solana $ETH #Ethereum
In an unprecedented surge, the cryptocurrency market saw over $777 million worth of short positions liquidated in just 24 hours, fueled primarily by a remarkable rise in Ethereum’s price. This
Stellar and XRP rivalry takes on new twist as key growth markers skyrocket
After four years of legal turmoil, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have reached a pivotal moment. The SEC recently filed a Settlement Agreement Letter, marking significant progress in the prolonged legal battle. While the XRP community has greeted this development with enthusiasm, legal analysts caution that the journey is not entirely over. Attorney James K. Filan, a key observer throughout the case, noted that despite both parties agreeing to the terms of the settlement, the final say rests with Judge Analisa Torres. Before the settlement becomes official, the judge must evaluate whether it aligns with the public interest, which remains a critical hurdle before the case can be definitively closed. The Remaining Steps Toward Final Resolution While the filing of the settlement marks a significant achievement, there are still crucial steps ahead before Ripple can claim a complete victory. Legal experts outline four primary stages that must unfold: First, Judge Torres will thoroughly examine the settlement and make a preliminary determination on whether to lift the current injunction. This step includes addressing the release of escrowed funds, with $50 million designated for the SEC and the remainder returned to Ripple. If the judge concurs with the proposed terms, both Ripple and the SEC will file a joint request with the Second Circuit Court of Appeals, seeking a limited remand. This procedural step aims to return the case to Judge Torres to implement the agreed-upon actions. Once the remand is secured, the parties will submit a combined motion requesting the formal execution of the agreed measures, specifically, dissolving the injunction and allocating the escrowed funds. The final phase involves requesting the Court of Appeals to dismiss both the SEC’s appeal and Ripple’s cross-appeal , thereby officially bringing the legal conflict to an end. The settlement process that has happened in SEC v Ripple over the last several weeks and will continue over the next few months is apparent from the details of the rule 62.1 motion filed today asking for an indicative ruling from Judge Torres. 1. Settlement agreement signed by… — bill morgan (@Belisarius2020) May 8, 2025 XRP Community’s United Front The XRP community has remained resolute throughout the litigation, demonstrating steadfast support for Ripple. Attorney Bill Morgan recently emphasized that a significant portion of those affected by the outcome are XRP holders. Notably, over 80,000 XRP holders joined attorney John Deaton in presenting their collective interests during the case, underscoring widespread opposition to the SEC’s stance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Morgan believes that this overwhelming public backing could significantly influence the judge’s decision. He argues that approving the settlement, which includes lifting the injunction and imposing a $50 million penalty, aligns with the public interest given the community’s vocal support for Ripple’s position. Legal Uncertainty Lingers Despite the optimism from Ripple supporters, not everyone is convinced the outcome is secure. Marc Fagel, a former SEC attorney, pointed out that Judge Torres’ prior decision regarding Ripple’s institutional XRP sales is likely to be upheld by appellate courts. Should the judge reject the settlement, it remains uncertain whether the SEC would continue to defend its position on appeal. Nonetheless, some community members believe the evolving regulatory environment in the United States, combined with Ripple’s strengthened stance at the appellate level, increases the likelihood of a favorable resolution. The general sentiment leans toward Judge Torres approving the settlement, especially given the substantial community support and the shifting landscape of crypto regulation. A Landmark Moment with Uncertain Outcomes While the settlement agreement represents a landmark moment in the Ripple vs. SEC saga, its full resolution hinges on judicial approval. As the community awaits Judge Torres’ decision, the crypto world remains attentive, weighing the potential impact of either outcome on Ripple, XRP, and the broader industry. Should the settlement gain approval, it could mark the end of a contentious chapter, offering Ripple a chance to fully refocus on its core business operations. 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. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Case News: As SEC Files For Settlement, These Four Big Hurdles Stand Between Ripple and Victory appeared first on Times Tabloid .
Abraxas Capital has withdrawn 138,511 ETH, worth $297 million, from centralized exchanges over the past two days. According to data from Lookonchain, the London-based asset management firm’s activity coincides with a sharp surge in Ethereum’s ( ETH ) price, which jumped over 20% in the past 24 hours to reach $2,371 before settling near $2,295. The size and timing of this withdrawal suggests a shift toward long-term custody and reduced intention to sell. Such moves are often interpreted as bullish signals, as they decrease immediate market supply and reflect confidence in further price appreciation. Abraxas Capital’s large-scale transfer is drawing attention amid a broader wave of accumulation. While the firm withdrew 61,401 ETH over two days, the total figure across multiple transactions reached 138,511 ETH, according to onchain data. You might also like: Celsius founder Alex Mashinsky sentenced for 12 years in prison for stealing $48M Ethereum futures and volume The withdrawals occurred as Ethereum saw a 20% rise in futures open interest and a 184% jump in trading volume, per Coinglass. At the same time, over $265 million in short positions were liquidated, accelerating the price move. Though ETH has gained 54% in the last month, it remains down 26% for the year. However, analysts at CryptoQuant point out that Ethereum is now at its most undervalued level relative to Bitcoin since 2019, based on the ETH/BTC MVRV ratio. Abraxas Capital’s operations highlight the increasing involvement of institutions in the Ethereum markets. Established by Fabio Frontini in 2002 with the aim of creating a top-tier asset management firm, Abraxas Capital Management has focused on digital assets since 2017, quickly rising to become a global leader in the field. You might also like: Bitcoin breaks $100k as Trump’s UK deal spurs cloud mining boom on Rich Miner
Nearly $3 billion in Bitcoin and Ethereum options contracts are set to expire on Friday, potentially triggering short-term volatility and influencing market sentiment. Traders should prepare for possible price swings and increased market activity. Approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are expiring before the start of the weekend. This significant event could lead to heightened volatility, as options expirations often result in increased trading activity and rapid price movements. With Bitcoin trading around $102,871 and Ethereum at $2,309, investors are closely watching for possible market shifts. Key technical points, Options Expiry Volume: Approximately $3 billion in BTC and ETH options are expiring today, potentially leading to increased market volatility. Market Sentiment Indicators: The put-to-call ratios for Bitcoin and Ethereum suggest mixed market sentiments, with Ethereum showing a slightly more bullish outlook. Potential Price Movements: Traders anticipate possible price swings and increased market activity as a result of the options expiry. Options contracts allow traders to buy or sell an asset at a predetermined price before a specific date. The expiration of these contracts frequently sparks repositioning, leading to increased activity and short-term volatility. The sheer size of Friday’s expiry could influence near-term price dynamics. Bitcoin Open Interest by Strike, Source: Deribit The put-to-call ratio is a common metric used to gauge market sentiment. A ratio above 1 indicates a bearish sentiment, while a ratio below 1 suggests bullishness. Current data shows Bitcoin’s put-to-call ratio at 0.93, indicating a neutral to slightly bullish sentiment, whereas Ethereum’s ratio stands at 1.22, reflecting a more bearish outlook. Ethereum Open Interest by Strike, Source: Deribit Analysts have mixed views on the impact of today’s options expiry. Some believe it could lead to short-term volatility and influence market sentiment, potentially driving prices higher if the prevailing sentiment is bullish. Others view it as a routine event with limited long-term impact, suggesting that while price swings may occur, broader factors such as regulatory developments and macroeconomic conditions will continue to play a significant role in market trends. What to expect in the market post-expiry Following the expiration of these options contracts, traders should be prepared for potential short-term volatility as the market adjusts. If bullish sentiment prevails, we could see upward price movements, particularly if key resistance levels are breached. Conversely, if bearish sentiment dominates, prices may face downward pressure. It’s essential for traders to monitor market indicators and news closely, as external factors like regulatory changes and macroeconomic developments could also influence market direction in the coming days.