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A US federal appeals court ruled in favor of Apple in a dispute over its popular iCloud service. Some of the companyâs clients accused the tech giant of reneging on its promise of data storage. However, in a unanimous decision, the 9th US Circuit Court of Appeals in San Francisco upheld the dismissal of the case, stating that the tech firm did not misrepresent the storage provided to customers. According to a three-judge panel, Appleâs comments about iCloud+ storage would not have deceived reasonable consumers. Judge Smith says Apple did not deceive consumers The plaintiff, Lisa Bodenburg, alleged she subscribed to Appleâs 200 GB iCloud plan for $2.99 a month under the impression she would be added 5 GB of free storage. She was disappointed that her total storage was capped at 200 GB instead of 205 GB. However, Judge Milan Smith of the Ninth Circuit asserted that Bodenburg got exactly what Apple promised, as their plan was always described as âincrementalâ or âsupplementalâ storage on top of the free 5âŻGB. He further commented, âAppleâs statements are not false and deceptive merely because [they] may be unreasonably misunderstood by an insignificant and unrepresentative segment of consumers.â Additionally, he referenced similar cases that were thrown out for relying on âunreasonable assumptions,â such as claims that Diet Dr. Pepper promotes weight loss or that a lip balm packaging was deceptive because some product was unreachable due to the dispenserâs design. Apple under fire for misleading investors on upgraded Siri launch timeline Although Apple won this case, itâs still involved in several lawsuits. Recently, some of the firmâs shareholders filed a class action lawsuit alleging it misled investors about the state of its AI advancements, particularly involving the Siri voice assistant . The shareholders claimed the company understated how long it would take to roll out the upgrades, misleading investors about the potential effect on its stock performance. Eric Tucker, one of the shareholders, argued that the firm presented its â Apple Intelligence â platform as a major selling point for the new iPhone 16, implying that improved Siri features would be available at launch. However, according to the lawsuit, the iPhone maker did not disclose that the more advanced Siri feature would be delayed until 2026. Analysts and shareholders were further frustrated by the companyâs silence on the issue at the 2025 WWDC. The suit names Apple CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri as defendants, and charges them with fraud and misrepresentation. In a separate lawsuit involving allegations that Siri was listening without user consent, Apple agreed to pay $95 million to settle the case. The iPhone maker was accused of covertly listening to its users through Siri, with additional claims that the recorded audio was provided to advertising partners. Nonetheless, the firm denied allegations that it sold Siriâs data, claiming it only agreed to settle to avoid more legal trouble. It insisted that the AI assistant prioritizes user privacy and stated that all individual audio recordings collected before October 2019 were permanently deleted. However, claimants argued that the company recorded individuals who accidentally activated Siri without saying the wake phrase âHey, Siri.â They allege that advertisers who received these recordings could scan them for keywords and personalize ads. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
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The post This DeFi Crypto at $0.03 Is Gaining Ground While Binance Coin (BNB) Moves Sideways appeared first on Coinpedia Fintech News Binance Coin (BNB), one of the largest and most well-known cryptocurrencies, has recently been trading in a narrow range, reflecting a period of consolidation rather than explosive growth. For investors seeking fresh opportunities with real utility and promising returns, this sideways movement opens the door to alternative assets that are demonstrating clear use cases and upward momentum. One such standout is Mutuum Finance (MUTM) , a decentralized finance project that is gaining traction thanks to its unique approach to lending, stablecoins, and rewardsâall at an accessible presale price of $0.03. A Roadmap That Charts Clear Growth and Opportunity Mutuum Finance (MUTM) has mapped out a detailed and progressive roadmap, with development phases carefully structured to maximize future platform utility and long-term investor value. The project is currently in Phase 1, where key milestones have already been achievedâsuch as launching the presale, completing a CertiK audit, initiating community marketing campaigns, and deploying an AI-powered helpdesk. The current presale roundâstill priced at $0.03âhas raised approximately $13.1 million, with over 90% of Phase 5 tokens already sold. Once this phase concludes, the token price will increase to $0.035, offering investors a final opportunity to enter before the next valuation jump. Looking ahead, future phases will deliver critical platform components, including the development and beta testing of the P2C and P2P lending systems, stablecoin minting infrastructure, and ultimately, the launch of the mainnet. A Layer 2 rollout is also planned, aimed at reducing transaction costs and improving scalabilityâmaking Mutuum Finance (MUTM) a forward-looking DeFi protocol preparing to scale across multiple blockchain ecosystems. Security remains a top priority for the project, reflected in a comprehensive CertiK audit that includes manual and static code analysis. With impressive scores of 95 on Token Scan and 77.5 on Skynet, the audit provides confidence in the platformâs safety and reliability. To further energize the community, Mutuum Finance (MUTM) is conducting a $100,000 giveaway and engaging with over 12,000 followers on social media platforms like X. For those evaluating the investment potential, the numbers speak volumes. Take the example of a portfolio manager who converted $2,500 worth of Avalanche (AVAX) into 250,000 MUTM tokens during Phase 1 at $0.01 per token. At the current Phase 5 price of $0.03, that investment is now valued at $7,500âa solid 3x return. With the upcoming listing price expected to hit $0.06, the value would double again to $15,000, delivering a 6x gain. When MUTM climbs to $0.24 post-launch, the return would skyrocket to $60,000, marking a 24x gainâa testament to Mutuum Finance (MUTM)âs strong growth trajectory backed by real utility and upcoming Beta features. Mutuum Finance (MUTM): Unlocking Real Yield and Stability in DeFi Unlike many tokens that rely solely on speculative hype, Mutuum Finance (MUTM) is being built around practical decentralized finance solutions. Its core platform revolves around two lending modelsâPeer-to-Contract (P2C) and Peer-to-Peer (P2P). The P2C pools allow lenders to deposit assets like USDC, earning dynamic interest rates that adjust based on how much liquidity is being used. On the other hand, the P2P market enables borrowers and lenders to directly negotiate loan terms, especially for riskier assets, giving users flexibility and control in higher-risk scenarios. Mutuum Finance (MUTM) is launching a decentralized stablecoin built to stay close to $1 in value, bringing added stability to its lending platform. This stablecoin is created only when users borrow against assets like ETH, and itâs destroyed when the loan is paid off or liquidated. To control risk, only approved users or smart contractsâcalled issuersâcan mint it, each with a set limit on how much they can issue. Instead of relying on market forces, the interest rate for borrowing this stablecoin is adjusted through governance. If the stablecoin trades above $1, the rate may drop; if it falls below $1, the rate may rise. This helps encourage price correction. Arbitrage opportunities also support the peg by rewarding users who buy or sell when the price strays from $1. With overcollateralization and automatic liquidations in place, this stablecoin adds a strong, reliable foundation to Mutuum Finance (MUTM)âs decentralized financial ecosystem. Mutuum Finance (MUTM) takes rewards further by offering mtToken staking. When holders stake their mtTokens in designated contracts, they earn dividends paid in MUTM tokens. These dividends come from the projectâs buyback program, where MUTM tokens are purchased from the open market using protocol revenue. This mechanism not only encourages long-term commitment but also supports price appreciation through token buybacks, creating a healthy ecosystem of value circulation. As the presale nears its final stages, those who act swiftly will gain access to MUTM tokens before the anticipated 20% price jump. This opportunity is a rare chance to join a project that blends cutting-edge technology with tangible financial incentives, setting the stage for meaningful returns and long-term value in the rapidly evolving crypto ecosystem. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
The post K-Pop Star Park Gyuri Caught in $24M Pica Coin Crypto Fraud Scandal appeared first on Coinpedia Fintech News The cryptocurrency world has witnessed its share of scandalsâfrom the $1.4B Bybit hack in 2025 to the $8.9B FTX collapse in 2022 . Now, another shocking case has surfacedâ Pica Coin fraud , involving $24 million in alleged embezzlement and a surprising celebrity connection. The case has rocked South Koreaâs crypto space, affecting more than 14,000 investors. But whatâs making headlines globally is the involvement of K-pop idol Park Gyuriâs ex-boyfriend, and the questions around her role in the controversial crypto project. Pica Coin Fraud The Pica Coin case revolves around a fraudulent scheme involving fake art sales and market manipulation. Investors were promised high returns through an art-themed cryptocurrency, but prosecutors allege the coinâs promoters embezzled billions of Korean won. Total Alleged Loss: ~$24 million People Affected: Over 14,000 Coin Status: Delisted from exchanges after exposure Authorities claim that the scheme lured unsuspecting crypto users by falsely inflating the coinâs value and fabricating partnerships and exhibitions. K-pop Star Park Gyuri Drawn into the Case The fraud gained explosive attention when it was revealed that Song Ja-Ho, the main suspect, is the former boyfriend of K-pop singer and actress Park Gyuri, known for her role in girl group KARA . Although she denies any wrongdoing, Parkâs title as Chief Communications Officer and Advisor for Pica Coin has raised eyebrows. She maintains she was merely a salaried curator for art exhibitions and not involved in crypto dealings. She even stated that her image was used in the projectâs whitepaper without consent and that she âgained nothingâ from the tokenâs launch. Did Park Gyuri Lose $43,566 in the Coin? Park claimed she lost $43,566 when Pica Coin was removed from Upbit in June 2021. But in a surprising twist, Pica Coinâs CEO Seong Hae-joong countered her claims, stating she was reimbursed by Song in December 2021. To prove his point, he leaked chat screenshots reportedly showing Park receiving compensation. He also disputed her claim of not benefiting from Pica Coin at all. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Bitcoin Dominance Spikes as Altcoin Season Index Crashes â Is a Sell-off Coming? , Where Does the Investigation Stand? The Pica Coin case is still under active investigation. Founder Song Ja-Ho is facing charges of fraud and embezzlement. Meanwhile, Park Gyuri has already testified in court, denying any involvement in illegal activities. This case has put a spotlight on the growing risks of celebrity involvement in crypto promotions. Celebrity Endorsement Scams in Crypto Park Gyuri isnât the first public figure to be caught in a crypto controversy. Numerous celebrities have promoted questionable tokens, often without disclosing compensation: Kim Kardashian â Promoted EthereumMax, later fined by the SEC Lindsay Lohan â Promoted Tron, fined for nondisclosure Tom Brady, Larry David â Faced lawsuits after endorsing FTX These endorsements often mislead fans and investors into thinking the tokens are safe or profitable, only to watch them crash dramatically. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Pica Coin was an art-themed cryptocurrency promising high returns but was later exposed as a fraudulent scheme in South Korea. What is the Pica Coin fraud case about? Pica Coin fraud involved $24M in embezzlement through fake art sales and price manipulation, affecting over 14,000 South Korean investors. Who is ParkâŻGyuri? ParkâŻGyuri is a K-pop idol and former CCO of Pica Coin, sued amid the fraud; she denies wrongdoing and says she lost $43K. Was ParkâŻGyuri involved in the scam? She denies involvement, saying she only curated exhibits and received no profits or decision-making roles.
A rumor has been spreading in the past week or so that the U.S. government may have quietly dumped nearly 170,000 Bitcoin ( BTC ), worth around $20 billion in total. Namely, while the Freedom of Information Request response from the U.S. Marshals Service (USMS) did disclose a total of 28,988 BTC in holdings, valued at approximately $3.4 billion, the fact remains that other federal departments hold the cryptocurrency as well. In total, the government still holds nearly 198,000 BTC across various wallets owned by the FBI, DOJ, DEA, and several U.S. Attorneyâs Offices, which translates to about $23.5 billion, as the most recent data published by Arkham Intelligence suggests. U.S. Government crypto moves. Source: Arkham Government crypto moves Some of the governmentâs BTC holdings have been partially liquidated, for example, around 41,700 BTC of the 51,680 BTC seized from James Zhongâs Silk Road stash. However, Arkham confirms that no tracked wallets have made any such moves in over four months, suggesting no ongoing liquidation activity. Likewise, not all seized Bitcoin has been legally forfeited, and some of it may be held pending court decisions. This has created a lot of confusion regarding how much âdigital goldâ the government really owns as opposed to just holding for the time being. Bitcoin price remains stable Despite the rumors, the Bitcoin price has remained relatively stable. At press time, the cryptocurrency was trading at approximately $118,200, down just 0.08% over the past seven days. BTC 7-day price chart. Source: Finbold Of course, macroeconomic pressures remain, with the Federal Reserveâs restrictive interest rate range of 5.25%â5.50% and a potential $5 trillion U.S. debt ceiling expansion. Further inflation, however, could further drive Bitcoinâs role as a hedge. The market is also expecting the results of the upcoming release of President Donald Trumpâs crypto task force report, scheduled for July 30. Marking six months since the formation of the presidential digital assets working group, the report could become one of the most important crypto policy documents in 2025, likely addressing regulatory reform and stablecoin oversight. Featured image via Shutterstock The post Did the U.S. government just dump $20B in Bitcoin? appeared first on Finbold .
BNB, the native token of BNB Chain and the broader Binance ecosystem, has hit an all-time high (ATH) this week after surpassing $800. The milestone attests to the significant progress Binance has made in its relentless quest to expand the tokenâs utility and integrations. But thereâs also another reason why BNBâs ATH should be a cause for cheer, even for those not holding the asset: it may be the first signs that an altcoin season is coming. BNB Goes ATH On July 23, BNB hit its all-time high of over $800 per token, giving it a market cap of around $112B . Not bad for a token that launched eight years ago priced at $0.15 and which is now a top five crypto asset. During the intervening period, Binance and BNB have both been on quite the ride, complete with the ups and downs that are characteristic of crypto. But lately, itâs been almost exclusively Up Only for the Binance ecosystem and this progress has been reflected on the charts as BNBâs momentum looks poised to send it higher still. From a technical perspective, there are plenty of reasons that can be attributed to BNBâs multi-year ascent. The token boasts a Sharpe ratio of 2.5, indicating that for every dollar of risk taken, the return was $2.5. This means that BNB has experienced significantly lower drawdowns compared to most cryptos and traditional market indices, offering investors a more stable and attractive risk-reward profile over the past five years. Itâs not quite Bitcoin, but it is BNB â the second âBâ former Binance CEO CZ used to jokingly remind his followers not to bet against. But putting its superior Sharpe ratio and relatively low volatility aside, there may be a simpler reason why BNB has broken out in the past week: it was its turn. Bitcoin has done Bitcoin things all year. And in recent weeks, ETH has finally started to move up. The next candidate on the list is BNB, both on account of its market capitalization and deep integration. BNB is everywhere, and unlike BTC, its holders are even willing to use it for payments and rewards. BNB Utility Fuels Value Flywheel It would be fair to say that BNB began life as an exchange token. It would also be fair to say that it has long since escaped that box. While Binanceâs shadow still looms large over the exchange landscape, using BNB to obtain discounted trading fees is just one use case among many. As the Binance ecosystem has expanded over the last five years, so have the places where BNB is accepted. Itâs still an integral part of Binanceâs global exchange and BNB Chain of course, but itâs also transcended these ecosystems to gain its own trajectory. Beyond blockchain, BNB is expanding into real-world use cases like payments via Binance Pay and travel bookings on Travala.com , bridging digital assets with everyday life. Institutional adoption is also growing, with corporate treasury demand even surpassing Ethereumâs. Supporting this ecosystem is BNBâs deflationary tokenomics: an auto-burn mechanism has permanently removed 31% of the total supply, enhancing the notion of scarcity and driving long-term value. On Binanceâs centralized exchange, BNB holders get their share of perks including access to token sales and staking opportunities that lock up supply and incentivize long-term holding. Meanwhile, BNB Chainâs multi-layer framework, including its Layer 1 as well as the opBNB Layer 2, continue to drive demand for the native asset. Elsewhere itâs being used in everything from decentralized storage on Greenfield to serving as DeFi collateral. Outside of ETH, no other asset has this level of everyday utility and adoption. And thatâs why BNB is flying. Wen Alt Season? While thereâs no question that BNB has followed BTC and ETHâs lead in rallying strongly, the question of whether this means alt season is imminent has still to be settled. Definitions of this period, during which the long tail of crypto assets outperform majors, vary, but Blockchaincenterâs index holds that when 75% of the top 50 coins have outperformed Bitcoin over the last 90 days, alt season has arrived. Its index currently sits at 39, but briefly flirted with 60 in recent days. Weâre not quite there, in other words, but weâre close. Sentiment among seasoned crypto traders appears to be that alt season will arrive but that it will be shorter than previous cycles. Potentially on course to kick in by early to mid-August, this could see altcoins significantly increase their total capitalization for several months in succession. Despite this, many alts are still down significantly on their previous ATH will struggle to regain this territory â even ETH is still down 30% from its all-time high, despite its bullish performance over the past 30 days. BNB, in comparison, finds itself in the same position as BTC: teasing new highs as the crypto market grinds its way upwards. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
316,869 traders liquidated as market sell-off deepens
Over $3.1 billion in crypto has been lost in 2025, according to a Hacken report. Access-control exploits are the primary cause.
After hitting above $3,800, the Ethereum price seems well on track for the next phase of the cycle. The ongoing trend has been closely mirroring what was seen back in 2016-2017 before the surge that sent the altcoinâs price to new all-time highs. This remains a major deal given that if the trend does play out similarly to what was seen in the 2017 cycle, then it means that the Ethereum price rally is only just beginning. Ethereum Price Mirrors Bullish 2017 Back in 2017, before the bull market, the Ethereum price had struggled to stay on track with the Bitcoin price. This resulted in a lag as the price kept taking a beating with each uptrend. In the end, the Ethereum price ended up ranging for a while, with two fakeouts before the price was able to eventually breakout. Related Reading: Analyst Predicts Explosive 126% Shiba Inu Rally After SHIB Surpasses Litecoin Market Cap Similarly, the Ethereum price has ranged for the last year, with multiple fakeouts that have already kept the price low. Just like 2017, again, a crash sent the altcoinâs price down by almost 50% to create what seemed to be the perfect bear trap, as illustrated in this chart by crypto analyst Merlijn The Trader on X (formerly Twitter). The analyst points out these similarities in the Ethereum chart, showing that the same range, fakeout, and breakout have now played out for the cryptocurrency just like they did in 2016-2017. Given this, it is likely that the next phase in the trend will also follow the 2017 playbook. After the bear trap and eventual breakout in 2017, the Ethereum price had rallied by 5,000%, going from under $8 to over $250 in less than one year. Applying a similar breakout structure to Ethereum in 2025 would mean rising as high as $40,000. However, adjusting for how high the market cap currently is, a conservative target would mean that the Ethereum price is at least able to cross the $10,000 level, which would be only a 200% increase from its current level. Applying the same timeframe as in 2017 would mean that it could play out in the next six months. Related Reading: Analyst Drops âRealisticâ Price Predictions For Bitcoin, Ethereum, LINK, BNB, And Aptos Additionally, Ethereum now has something that it didnât have back in 2017, and that is institutional backing. Presently, Ethereum is quickly becoming a favorite among institutional investors as ETH treasury companies have poured over $7 billion into the altcoin, according to data from The Block. In July 2025 alone, over $2 billion has flowed into Spot Ethereum ETFs, showing a ramp-up in institutionalized interest. Due to this rise in institutional investments, Merlijn The Trader has explained that institutions are now the ones behind the wheel with the same setup from 2017. This suggests higher liquidity as these major players are expected to drive and determine the ETH price this cycle. Featured image from Pixabay, chart from TradingView.com