The White House's stance may delay the sovereign wealth fund's development, impacting economic strategies and national security plans. The post White House rejects parts of Trump advisers’ sovereign wealth fund proposal appeared first on Crypto Briefing .
In a significant move impacting the world of digital creation, design powerhouse Figma has unveiled a suite of powerful new Figma AI tools. This launch positions the company squarely against established players like Adobe and Canva, as well as emerging AI-first platforms for web and app development. Unlock Creation with Figma AI Design Tools Figma’s new offerings leverage artificial intelligence to streamline various design and development workflows. This expansion aims to empower designers, marketers, and even developers with faster, more intuitive ways to bring their digital ideas to life. The suite includes tools for building websites, creating app prototypes, generating marketing assets in bulk, and enhancing vector illustration capabilities. With these innovations, Figma is not just enhancing its existing platform; it’s venturing into new territories previously dominated by different types of software. This signals a broader ambition to become the central hub for the entire digital product lifecycle, from initial concept to published output. Introducing Figma Sites: Your AI Website Builder One of the headline features is Figma Sites , an integrated AI website builder . Traditionally, designers would use Figma to create high-fidelity mockups and prototypes of websites, which developers would then translate into code. Figma Sites changes this paradigm by allowing users to generate functional websites directly from their Figma designs, powered by AI. Key capabilities of Figma Sites include: AI-Powered Generation: Create initial site structures and designs rapidly based on input. Collaborative Editing: Teams can easily modify site elements in a visual editor without needing complex coding knowledge or prompting. Responsive Design: Ensure sites look great on desktops, tablets, and mobile devices. Interactive Elements: Add transitions, animations, and scroll effects. Built-in CMS (Upcoming): Manage content like blog posts directly within the design environment, including editing text, managing assets, and setting slugs. Custom Code & AI Code Generation: Embed interactive components like stock tickers, either by writing code or using AI to generate it. This tool is particularly valuable for marketing and design teams who have a clear vision for a site and want direct control over its appearance and content, as highlighted by Figma’s Chief Product Officer, Yuki Yamashita. Exploring Ideas with AI App Prototyping: Figma Make Complementing Figma Sites is Figma Make , another AI-powered tool focused on ideation and AI app prototyping . While sharing underlying technology with Sites, Make is geared towards exploring concepts and building interactive prototypes for web applications. How Figma Make works: Prompt-Based Creation: Users can input prompts to generate initial web application prototypes. Collaborative Prototyping: The prototype is collaborative, allowing team members to prompt the AI assistant to modify or add elements. Developer Handoff: Developers can directly access and modify the underlying code of the prototype, facilitating a smoother transition from design to development. Embeddable Components: Generate small, interactive elements (like a clock) that can be embedded into pages published via Figma Sites. Figma Make is designed for higher-fidelity prototyping, allowing teams to add data and test the viability of an idea closer to its final implementation state. Beyond Sites and Make: Marketing & Drawing Tools Figma’s AI push extends beyond websites and app prototypes. The company also announced tools aimed at marketers and illustrators. Figma Buzz: A new tool specifically for marketers. It allows them to leverage designer-created templates with brand-specific elements to generate new creatives easily. Features include inserting AI-generated images, changing backgrounds, and creating assets in bulk using data sources like spreadsheets. This directly challenges tools used for high-volume creative production. Figma Draw: Enhancing vector editing and illustration capabilities within Figma. Previously, complex vector edits often required exporting designs. Figma Draw adds features like text on a path, pattern fill, brushes, multi-vector editing, adding noise and texture, and a lasso selection tool. This positions Figma Draw as a competitor to dedicated illustration software. These additions, along with the existing Figma Slides tool for presentations, create a more comprehensive creative suite within the Figma ecosystem, intensifying competition with companies like Adobe and Canva. How Does Figma AI Stack Up Against the Competition? Figma’s foray into AI-powered creation puts it in direct competition with a diverse set of platforms: Website Builders (Wix, WordPress, Squarespace, Hostinger): These platforms have also been integrating AI tools for site creation, but Figma approaches it from a design-first perspective, integrating directly with existing design workflows. Prototyping/Coding Tools (Replit, Lovable): These tools focus on enabling app creation without deep coding knowledge. Figma Make offers a similar promise but is tightly integrated with the design process. Creative Suites (Adobe, Canva): Figma Buzz and Draw compete with asset creation and illustration tools offered by these giants. Figma’s CPO emphasizes that Figma’s core business is building digital products, and a significant portion of their user base are developers, differentiating their approach from purely creative tools. This isn’t Figma’s first experiment with AI in design; they previously launched a ‘Make Design’ feature that was later pulled. This new launch appears to be a more refined and integrated approach. Pricing and Availability To support these new capabilities, Figma is introducing a new plan called a ‘content seat,’ starting at $8 per month. This plan provides access to Figma Buzz, Slides, FigJam (Figma’s online whiteboard), and the upcoming Sites CMS feature. Conclusion: A Bold Step for Digital Creation Figma’s release of comprehensive Figma AI tools, including the AI website builder Figma Sites and the AI app prototyping tool Figma Make, marks a pivotal moment in the evolution of design and development workflows. By integrating AI directly into the creation process, Figma aims to empower users to move from idea to published product faster and more collaboratively than ever before. While facing stiff competition across various sectors, Figma’s focus on a unified platform for digital product creation, bridging the gap between design, marketing, and development, positions it as a formidable player in the future of digital innovation. To learn more about the latest AI trends impacting various industries, explore our articles on key developments shaping AI features and adoption.
Get ready for a potentially significant moment at the intersection of cryptocurrency and artificial intelligence! The crypto world is buzzing following an announcement from Tether CEO Paolo Ardoino, hinting at major revelations regarding the company’s foray into the AI space. This move by the issuer of the world’s largest stablecoin, USDT, signals a growing trend of crypto giants exploring technological frontiers beyond traditional finance. What Did Paolo Ardoino Announce About Tether AI? Via a post on the social media platform X, Paolo Ardoino, the chief executive of Tether, revealed that the crypto community would soon receive comprehensive details about an ambitious new project: Tether AI . According to Ardoino, the specific goals, objectives, and foundational principles of this open-source AI platform are slated for public announcement at a prominent industry event. The chosen venue for this anticipated unveiling is none other than Milan AI Week . The date to mark on your calendars is May 14th . This specific timing and location suggest a strategic effort by Tether to position its AI initiative within a dedicated technology and innovation spotlight, attracting attention from both the AI and blockchain sectors. The fact that Tether, a company primarily known for its stablecoin operations which underpin a vast portion of the crypto market, is stepping into the complex and rapidly evolving field of artificial intelligence is noteworthy. It suggests a strategic diversification and a potential leveraging of its significant resources and influence to contribute to or integrate with cutting-edge technology. Why is Tether Venturing into Artificial Intelligence? Tether’s primary business revolves around issuing and managing the USDT stablecoin, maintaining its peg to the US dollar. So, why the pivot, or rather, the expansion into AI? While specific details about Tether AI are scarce ahead of the Milan AI Week announcement, we can speculate on several compelling reasons why a company like Tether would explore artificial intelligence: Operational Efficiency and Security: AI can be instrumental in enhancing internal operations. This could include sophisticated transaction monitoring to detect illicit activities, improving risk assessment for reserves, automating customer support, or optimizing infrastructure management. Given Tether’s scale, even marginal improvements in efficiency can translate into significant savings and enhanced security. Product Diversification: The crypto market is dynamic. While stablecoins are crucial, exploring new technological avenues like AI allows Tether to potentially develop new products or services that leverage its existing infrastructure and user base. This could range from AI-powered financial tools built on blockchain to contributing to the broader AI ecosystem. Leveraging Resources and Influence: Tether is a highly profitable entity with substantial resources. Investing in AI allows them to deploy capital into cutting-edge research and development, potentially becoming a leader in the intersection of blockchain and AI. Their market position gives them a unique platform to launch and promote such initiatives. Contributing to the Open-Source Ecosystem: Paolo Ardoino specifically mentioned Tether AI as an “open-source AI platform.” This suggests an intention to contribute to the public good in the AI space, fostering collaboration and innovation. Open-source projects can attract talent and accelerate development through community contributions. Staying Ahead of the Curve: Both AI and blockchain are considered foundational technologies of the future. By actively engaging in AI development, Tether positions itself at the forefront of technological convergence, potentially unlocking synergies that are not yet apparent. This strategic move indicates that Tether views AI not just as a complementary technology but potentially as a core area for future growth and innovation. What Does an Open-Source AI Platform Entail? The description of Tether AI as an “open-source AI platform” is particularly interesting. Open source means that the source code and underlying architecture of the platform will likely be made publicly available. This contrasts with proprietary AI systems where the inner workings are kept secret. Benefits of an open-source approach in AI include: Transparency: Allows the community to inspect the code, identify bugs, and understand how the AI works, fostering trust. Collaboration: Enables developers worldwide to contribute to the project, suggest improvements, and build applications on top of the platform. Innovation: Accelerates the pace of development as multiple parties can work on different aspects simultaneously. Accessibility: Makes powerful AI tools and frameworks available to a wider audience, lowering the barrier to entry for developers and researchers. Security: More eyes on the code can help identify and fix vulnerabilities faster than in closed systems. For Tether AI , an open-source model could mean they are building foundational AI models, tools, or frameworks specifically designed for use within the blockchain and cryptocurrency ecosystem, or perhaps even general-purpose AI tools that they believe should be openly accessible. Connecting Cryptocurrency and AI: The Broader Landscape Tether’s move into AI is not happening in a vacuum. The convergence of Cryptocurrency AI and Blockchain AI is a rapidly developing field. Numerous projects and researchers are exploring how these two technologies can interact and enhance each other. Here are a few areas where this synergy is being explored: AI for Blockchain Security: AI algorithms can analyze blockchain data patterns to detect anomalies, identify potential fraud, or predict network congestion. Blockchain for AI Data Management: Blockchain can provide a secure, transparent, and immutable ledger for storing datasets used to train AI models, ensuring data integrity and provenance. Decentralized AI Networks: Projects are exploring decentralized networks where participants can contribute computing power or data for AI training, often incentivized via tokens. AI-Powered Trading and Analytics: AI models are increasingly used to analyze market trends, predict price movements, and automate trading strategies in the crypto markets. AI in DeFi and NFTs: AI could be used to optimize DeFi lending protocols, create dynamic NFT art, or personalize user experiences in decentralized applications. AI for Smart Contract Auditing: AI tools can assist in analyzing smart contract code to identify vulnerabilities and potential bugs. Tether’s initiative could potentially contribute to any of these areas or carve out an entirely new niche. Their focus on an “open-source platform” suggests a foundational layer that others might build upon. Paolo Ardoino’s Vision: Leading Tether into New Frontiers Paolo Ardoino has been a prominent figure in the cryptocurrency space for years, particularly as the face of Tether. His leadership has overseen Tether’s growth into a dominant force in the stablecoin market. His decision to publicly announce the details of Tether AI at a major event like Milan AI Week underscores the seriousness with which the company is approaching this new venture. Ardoino’s public statements often emphasize innovation, security, and the potential of blockchain technology to revolutionize various sectors. His backing of an open-source AI project aligns with a philosophy of collaborative development and transparency, which could be a strategic way to build trust and adoption for their AI initiatives. His presence at Milan AI Week provides a direct platform to communicate Tether’s vision for AI, address potential questions, and engage with both the AI and crypto communities simultaneously. This direct engagement is crucial for a project aiming to be open source and community-driven. Milan AI Week: The Stage for the Big Reveal The choice of Milan AI Week as the venue for the Tether AI announcement is strategic. Milan AI Week is an event focused on artificial intelligence, bringing together researchers, developers, businesses, and enthusiasts from the AI sector. By making the announcement here, Tether ensures that their message reaches a key audience within the AI community, beyond just the typical crypto crowd. This suggests that Tether is serious about integrating with or contributing to the broader AI landscape, not just building an internal tool. Presenting at such an event can help attract AI talent, potential collaborators, and generate interest from companies looking to leverage AI technology. The announcement on May 14th is expected to provide concrete details that will clarify the scope and ambition of Tether AI . Will it be a framework for AI model training? A set of tools for AI integration with blockchain? A specific AI application built by Tether? The crypto and AI worlds will be watching closely. Potential Implications and What to Watch For The launch of Tether AI could have several potential implications: For Tether: It could open new revenue streams, enhance brand perception as an innovator, and improve operational resilience. For USDT: While directly impacting USDT’s stability is unlikely in the short term, successful AI integration could indirectly benefit the ecosystem by improving security or efficiency. For the Crypto Market: An open-source platform could spur innovation in Cryptocurrency AI applications, leading to new dApps, improved security tools, or more sophisticated market analytics. For the AI Market: Tether’s involvement could bring significant resources and attention to specific areas of Blockchain AI , potentially accelerating development. What should readers watch for after the May 14th announcement? Key details will include: The specific technical focus of the open-source platform. How it plans to integrate with or leverage blockchain technology. The initial use cases or applications Tether envisions for the platform. How the open-source community can get involved. Any timelines for development or deployment. Understanding these details will be crucial to assessing the potential impact and success of Tether AI . Challenges and Considerations While the prospect of Tether entering the AI space is exciting, it’s important to consider the challenges: Technical Complexity: Building and maintaining a robust, open-source AI platform is technically challenging, requiring significant expertise and resources. Competition: The AI space is highly competitive, with established tech giants and numerous well-funded startups. Tether will need to differentiate itself. Regulatory Uncertainty: Both cryptocurrency and AI face evolving and often uncertain regulatory landscapes worldwide. Navigating this will be crucial. Ethical Concerns: AI development raises ethical questions around data privacy, bias, and potential misuse. As an open-source project, addressing these concerns transparently will be vital. Adoption: The success of an open-source platform depends heavily on community adoption and contribution. Tether will need to build a strong developer community around Tether AI . Overcoming these hurdles will be key to Tether AI realizing its potential. Conclusion: A Glimpse into Tether’s Future Vision Tether’s announcement about unveiling details of its open-source Tether AI platform at Milan AI Week on May 14th marks a pivotal moment for the company and highlights the increasing convergence of blockchain and artificial intelligence. Under the leadership of Paolo Ardoino , Tether appears set to expand its technological footprint beyond stablecoins, venturing into a field with immense potential for innovation and disruption. While the specifics of the platform remain under wraps, the commitment to an open-source model suggests an ambition to contribute meaningfully to the broader tech ecosystem and foster collaborative development in Cryptocurrency AI and Blockchain AI . The upcoming announcement is highly anticipated and is expected to provide clarity on Tether’s strategic direction in this exciting new domain. Whether Tether AI will focus on enhancing Tether’s core operations, building new decentralized AI applications, or providing foundational tools for the community, its launch signifies a bold step by a major crypto player into the future of technology. The crypto and AI worlds will be eagerly awaiting the details revealed in Milan. To learn more about the latest crypto market trends, explore our article on key developments shaping Blockchain AI institutional adoption.
Starting this month on a weak note after seeing almost 50% recovery in a month, Litecoin posted losses and mounted support above the $80 level. It regained strength and now looks bullish on the daily timeframe. Last month, Litecoin went through a major recovery after declining to its lowest level in five months. That recovery brought the price back in the $90 range, but it failed to sustain momentum higher due to a rejection. This rejection triggered a drop, and the crypto started the new month on a weak note. After five days of pullback, it found solid ground and held the $81 level as support. Resurging from this support level yesterday, the price increased significantly and closed briefly above last month’s high. While that has brought more recovery in the market, it is now looking ready for a big move. The psychological $100 level remains a key hurdle for the bulls. If they scale through it, we can expect a bigger move until the price breaks higher. In the next leg down, it must break below before considering a bearish extension in the mid-term. Following the latest recovery in the crypto space, it saw the biggest gain among the top 50 altcoins, leading the daily altcoin rally at the time of writing. Although Stacks’s STX, Worldcloin’s WLD and Hyperliquid’s HYPE also posting double-digit gain, closely following suit. LTC’s Key Levels to Watch Source: Tradingview LTC currently eyes a close resistance level of $96.5. A successful surge above this level could bring a recovery to the $100 and $113 resistance. The $130 and $149 levels are higher resistance to watch for a breakup. The $80 level has managed to hold during last leg down. If the price dips below it, the support level to watch is $73.3, followed by last month’s $63 low. Key Resistance Levels: $96.5, $100, $113 Key Support Levels: $81, $73.3, $63 Price: $92.15 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The post Breaking: Arizona Becomes Second U.S. State to Adopt Bitcoin for State Treasury appeared first on Coinpedia Fintech News Arizona has made history by becoming the second U.S. state to officially create a Strategic Bitcoin Reserve. On May 7, 2025, Governor Katie Hobbs signed House Bill 2749 into law, giving the state the green light to invest in Bitcoin and other top digital assets using profits from unclaimed property. To be clear, there were four Bitcoin Reserve-related bills proposed in Arizona this year. Senate Bill 1025 was vetoed, but HB 2749 successfully passed and has now been signed into law. Under this new law, Arizona will take profits from old, unclaimed assets — like forgotten bank accounts or uncollected checks — and convert them into Bitcoin. The idea is to protect the state’s money from inflation and build a stronger, more modern financial future, all without touching taxpayer dollars. Getting a lot of questions about the Arizona SBR law singing into law. To be clear: There are 4 bills for SBR in AZ. SB 1025 was vetoed. HB 2749 was signed into law! https://t.co/X7VydTkO9E — Dennis Porter (@Dennis_Porter_) May 8, 2025 The law also allows Arizona to collect rewards like interest, airdrops, and staking profits from these digital assets. It ensures that the funds are stored safely through regulated U.S. custody services and diversifies the state’s investment strategy without relying solely on Bitcoin. This important bill was championed by Representative Jeff Weninger, who guided it from draft to signature. Crypto exchange Coinbase also supported the bill by providing expert advice and testimony, helping push it across the finish line. Governor Katie Hobbs’ decision to sign the bill has made Arizona a frontrunner in digital-asset innovation within the United States.
Imagine a world where not holding a specific asset is considered ‘irresponsible’ for a business. According to billionaire venture capitalist Tim Draper , that asset is Bitcoin . Speaking at the Financial Times Digital Assets Summit, Draper didn’t mince words, suggesting that companies overlooking Bitcoin in their strategies are making a significant mistake. But why such a strong stance, and what does it mean for the future of commerce and investment? Who is Tim Draper and Why Listen? Tim Draper is a name synonymous with bold predictions and early investments in groundbreaking technologies. As a prominent venture capitalist, his track record includes early bets on companies like Hotmail, Skype, Tesla, and Coinbase. His long-standing bullish view on Bitcoin isn’t new, but his recent remarks carry weight given his influence in both the traditional investment world and the burgeoning crypto space. When Draper speaks, the market and business leaders tend to listen, especially when he frames inaction as ‘irresponsible’. Why is Bitcoin for Businesses Becoming Essential? Draper’s core argument for why businesses should hold Bitcoin centers on its accelerating adoption curve. He highlighted that both governments and corporations are increasingly recognizing and integrating Bitcoin into their operations and reserves. This isn’t just about speculation; it’s about acknowledging a global shift towards digital assets. Consider these points that make Bitcoin for businesses a compelling topic: Inflation Hedge: In an era of unpredictable monetary policy, Bitcoin’s fixed supply offers a potential hedge against inflation, preserving purchasing power better than depreciating fiat currencies. Global Accessibility: Bitcoin transactions are borderless, enabling easier international payments and access to new markets without traditional banking hurdles or high fees. Balance Sheet Diversification: Adding Bitcoin to a corporate treasury diversifies assets away from purely fiat holdings, potentially enhancing long-term value. Innovation & Brand Image: Embracing Bitcoin signals a forward-thinking approach, appealing to a tech-savvy customer base and talent pool. Growing Infrastructure: The ecosystem supporting Bitcoin (exchanges, payment processors, custody solutions) is maturing rapidly, making integration more feasible for businesses. While challenges remain, such as regulatory uncertainty and price volatility, Draper’s view is that the long-term benefits and the direction of global finance make ignoring Bitcoin a riskier proposition than engaging with it. Understanding Crypto Adoption Beyond Price Draper’s optimism isn’t solely based on price charts. He pointed to a significant shift in developer focus within the crypto world. For years, much innovation seemed centered on alternative cryptocurrencies (altcoins). However, recent advancements have brought sophisticated capabilities directly to the Bitcoin network. This evolution is critical to understanding growing crypto adoption : Smart Contracts: While historically associated with platforms like Ethereum, smart contract functionality is now expanding on Bitcoin layers, enabling more complex transactions and applications. DeFi on Bitcoin: Decentralized Finance (DeFi) applications are beginning to emerge on or connected to the Bitcoin network, leveraging its security and liquidity. Ordinals and Runes: These developments allow for the creation of unique digital assets and tokens directly on the Bitcoin blockchain, driving new use cases and developer interest. This technical progress indicates that Bitcoin is not just a store of value but a platform for innovation, further solidifying its foundational role in the digital economy and accelerating broader crypto adoption . Draper’s Bold Bitcoin Price Prediction No discussion with Tim Draper about Bitcoin is complete without his famous price target. He reiterated his belief that Bitcoin will reach $250,000 by the end of 2025 . This prediction, while ambitious, is rooted in his long-term view of Bitcoin replacing or significantly supplementing traditional fiat currencies for everyday transactions and commerce. Factors potentially supporting such a bold Bitcoin price prediction include: Continued institutional and corporate adoption. Increasing global macro-economic uncertainty driving demand for scarce assets. Technological advancements making Bitcoin more usable for payments and applications. Potential regulatory clarity in major economies. Draper also revealed plans to launch a Bitcoin-only fund that will operate using smart contracts, demonstrating his commitment not just to predicting Bitcoin’s future but actively building infrastructure within its ecosystem. Regulatory Hurdles and the Future of Commerce While bullish, Draper did touch upon challenges. He specifically blamed regulatory overreach under the previous U.S. administration for potentially slowing down Bitcoin’s growth trajectory. Unclear or overly restrictive regulations can stifle innovation and adoption. Despite this, his long-term vision remains steadfast: a significant, perhaps even complete, shift from traditional fiat currencies towards Bitcoin-driven commerce . This isn’t just about buying coffee with crypto; it envisions a global economic system where Bitcoin serves as a primary medium of exchange and store of value, underpinned by its decentralized and secure nature. Actionable Insights for Businesses and Investors Tim Draper’s comments serve as a powerful call to action. For businesses, it’s time to seriously evaluate the potential role of Bitcoin in treasury management, international payments, and customer engagement. This requires due diligence, understanding the risks, and exploring the growing suite of corporate crypto services. For investors, Draper’s $250k Bitcoin price prediction is a reminder of the potential upside many see in this asset, but it should be considered alongside thorough personal research and risk assessment. The emergence of Bitcoin -only funds and increasing on-chain activity highlight the diverse ways to engage with the asset. Conclusion: Is Ignoring Bitcoin Truly Irresponsible? Tim Draper’s assertion that businesses without Bitcoin are ‘being irresponsible’ is a strong statement, but it reflects a growing sentiment among proponents of digital assets. His arguments are compelling, citing increasing global adoption, significant technological advancements enabling new uses for Bitcoin , and its potential as a future backbone of commerce. While regulatory hurdles and volatility remain real considerations, the trend towards integrating Bitcoin into the mainstream financial and business world appears undeniable. Whether his $250,000 prediction materializes by 2025 or not, Draper’s message is clear: the time for businesses to pay serious attention to Bitcoin is now. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption .
Peter Schiff says the U.S. dollar is about to free fall, insisting the only way to end America’s trade imbalance is to end its reserve currency status. The End of Reserve Currency Status? US Dollar Faces Terminal Decline as Imbalances Surge Economist and gold advocate Peter Schiff issued a sweeping critique of U.S. economic policy
A resurgence to the spotlight has occurred, bringing Ethereum’s well-known whale with it, withdrawn from a half-year dormancy and now moving significant Ethereum from Binance. Six hours ago, identified by the address 0x20D869bA482C6D7a5451Ca1976C655afed01bF67, this Ethereum whale made its first major transaction (since going dormant, that is), withdrawing a substantial amount of the token—1,700 ETH, to be precise, worth around $3.1 million—from a significant cryptocurrency exchange (that is Binance, we should say). Whale Resurfaces—1,700 $ETH Withdrawn from #Binance After 6-Month Silence After a quiet six months, a known Ethereum whale is back in action. Wallet 0x20D869bA482C6D7a5451Ca1976C655afed01bF67 just withdrew 1,700 ETH from Binance, totaling $3.1 million, roughly 6 hours ago. pic.twitter.com/6FLSikOIE8 — EyeOnChain (@EyeOnChain) May 6, 2025 According to the Ethereum Whale Watch Twitter account, this withdrawal is a big deal. The cryptocurrency community is, once again, buzzing over the sudden movement of funds from a previously dormant whale. This latest development has experts speculating about the whale’s next move and what it could mean for the price of Ethereum. There’s even some chatter about the possibility of a stealth fork in Ethereum’s future. Whale’s Return to Action: 1,700 ETH Moved from Binance In the Ethereum ecosystem, the address that this recent withdrawal came from has long been respected as one of the largest and most powerful players it has. Any activity it conducts is usually pretty closely monitored by market analysts, as transactions from large holders—often termed “whales”—can send pretty strong signals about upcoming changes in market sentiment or price direction. Before this transaction, the wallet had not been used for half a year, which makes this transfer that much more dramatic. The 1,700 ETH that came out of Binance represents quite a large cut of the whale’s remaining balance, which is now around 5,000 ETH, or about $9 million at current prices. While it doesn’t seem like a liquidation, it’s still a noticeable shift for a major Ethereum market actor. Despite the substantial size of the recent withdrawal, the whale’s Ethereum holdings are currently sitting on a loss of $3.6 million that isn’t realized yet, given that the price of Ethereum is a lot lower than when the whale first acquired all that Ethereum. The whale’s long-term hold may be responsible for that loss, unless it has somehow managed to engage in long-term Ethereum mining under conditions that might be said to favor miners rather than holders. The whale’s recent price decision to take the plunge and move some Ethereum could suggest that the recent prices tended to favor whales rather than holders. A Broader Look at Ethereum ETFs and Market Activity This whale’s activity coincides with a notably still period concerning the Ethereum ETF market. On May 5, all nine spot Ethereum ETFs registered no net inflows or outflows—meaning the ETFs had zero buying or selling activity for that day. That suggests ETF investors are currently taking a break from making decisions about whether to buy or sell spot Ethereum. On May 5, spot Bitcoin ETFs saw a total net inflow of $425 million, marking three consecutive days of net inflows. All nine spot Ethereum ETFs recorded zero net inflows or outflows throughout the day, showing no movement. https://t.co/Hj2Gs48E6C — Wu Blockchain (@WuBlockchain) May 6, 2025 Ethereum ETF activity remains quiet. That makes it all the more notable when individual large-scale investors (often called “whales”) shift their own assets. In recent days, one such whale withdrew 1,700 ETH from Binance. What’s that about? Is this investor trying to push down the price of ETH ahead of a further drop by moving a large amount of ETH onto the market? Or is this move a sign of something ostensibly positive for Ethereum’s price in the not-too-distant future? The absence of any meaningful progress with Ethereum ETFs also implies that institutional enthusiasm for Ethereum is perhaps on hold for now. Even with the overall fascination with cryptocurrencies and digital assets pushing ahead, Ethereum-centric financial vehicles are not recording the sort of capital inflow that has been observed in other slices of the crypto market. The ETF deadlock could be down to a combination of things: a skeptical stock market, concerns about ETF performance, and a possible diversion of attention (and investment) from Ethereum to other blockchain platforms. The Bigger Picture: Whale Behavior and Market Impact The return of a significant-holding whale after a long dormancy is always something that gets market participants excited. 1,700 ETH is a lot to move in any direction, so what does this mean for the future of Ethereum? Is this whale reallocating, making a market call, or responding to the current conditions in crypto? Is this whale going to dump E… Price movements can be significantly impacted by whale activity, especially in a market as choppy as cryptocurrency. If the whale keeps dumping its ETH, it’s sure to push the price of ETH down. But if the whale is simply diversifying into other assets or is holding its position (for now), then the immediate effect on the price of Ethereum could be negligible. No matter what this whale had in mind, the fact remains that one of the largest holders of Ethereum has now moved a giant pile of the cryptocurrency. And it is those kinds of moves, along with selling or buying cryptocurrency, that can make a whale look like a market-mover. If a whale moves funds or does something that looks suspicious or impactful, traders and analysts will use the event to try to divine broader market sentiment. Conclusion: Monitoring the Whale and Ethereum’s Next Moves Transferring 1,700 ETH out of Binance is noteworthy in the world of Ethereum. This is especially true for the current state of the market, with a significant whale suddenly making a move after being dormant for a long spell. We still don’t know for certain why it acted now of all times, but the fact that it pulled out a huge amount of ETH may suggest it’s up to some serious business and possibly playing the long game, with all those unrealized losses racked up since the last peak and paying little heed to whatever prices happen to be for it right now. Ethereum ETFs have shown little movement, while the activities of the whales could signal a larger shift in the market. These developments make the next few weeks extremely important for both Ethereum and its investors. If the price movement of Ethereum is going to change, the next week certainly appears to be a crucial one. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Pi Network will participate in Consensus 2025 with a focus on its Open Mainnet and 55 million users. Dr. Nicolas Kokkalis is scheduled to speak, marking the platform’s first formal presentation at a global crypto conference. Pi Coin trades at $0.5820, staying below the 50-EMA as volume reached 2.7 million on May 7. Pi Network will take part in Consensus 2025 , one of the largest international crypto events, held in Toronto from May 14 to 16. The event, organized by CoinDesk, will host over 6,800 companies, 400 startups, and attendees from more than 100 countries. The Pi Core Team is set to showcase its Open Mainnet, which launched in February 2025. According to official Pi Network materials , the project has surpassed 55 million users globally. Thousands of decentralized applications now operate on the network, built using its mobile-first architecture. Dr. Nicolas Kokkalis, the Pi Network founder, is scheduled to speak at the event. This will be the platform’s first official presentation at a global blockchain conference. His session is expected to provide technical details on Pi Network’s infrastructure and its approach to decentralized access. Pi… The post Pi Network Brings Key Updates to Consensus 2025 With 55M Users and Mainnet Live appeared first on Coin Edition .
In recent hours, a large sum of Bitcoin has been moved after lying still for more than 10 years, provoking wild speculation and excitement across the crypto markets. Two whales, with wallets that hadn’t been touched for nearly 11 years, moved a combined sum of 3,422 BTC (around $325 million), provoking many in the markets to wonder what might have caused these whales to move such a large—really, huge—sum after so long. Was someone, or some entity, just testing out a movement of Bitcoin? Was it a sign of something more sinister at work? Or, to be completely honest, was it the first real whale sighting of 2023? Historic Whale Movements: Over $324 Million in Bitcoin Shifts After 10 Years In a turn of events that has grabbed the cryptocurrency world’s attention, two enormous Bitcoin addresses thought to be inactive have suddenly come back to life after more than a decade of dormancy. Whale “1NWPS” transferred 2,343 BTC worth about $222.2 million to a new wallet after being dormant for over 10 years. And Whale “1PiEK,” which hadn’t been heard from in a staggering 11.75 years, re-emerged to move 1,079 BTC worth approximately $102.5 million. $324.2M in #Bitcoin on the move after over 10 years of dormancy! In the past 3 hours, two Satoshi-era whales, who had been inactive since 2014, transferred 3,422 $BTC ($325M) to new wallets: Whale “1NWPS” woke up after 10.5 years, moving 2,343 $BTC (~$222.2M). Whale… pic.twitter.com/UKb78WJDXp — Spot On Chain (@spotonchain) May 6, 2025 For market analysts who analyze movement of Bitcoin, the fact that these transactions involve Bitcoin from the early days of the network—often called “Satoshi-era” Bitcoin—is significant. Those coins are among the first mined in Bitcoin’s infancy, and so they’re highly prized within the community (for better or worse). Everyone knows that addresses associated with these coins should be watched closely, since movement of coins from these addresses is probably a good indicator of potential major market activity. The transfers have raised eyebrows because of the coins’ age and the market situation. Most analysts think that Bitcoins held for that long must be moved for some good reasons. They speculate about the kinds of things that make even the quietest of Bitcoin holders turn active. Factor in that Bitcoin is at a record price, and that these appear to be very large transfers, and you can see why some imaginations might run a little wild. This occurrence syncs well with past large movements of capital in and out of cryptocurrencies, where long-dormant Bitcoin wallets are reactivated during big upswings in the market. When the price of Bitcoin has just broken upwards past $90,000, it does make one wonder if these so-called Bitcoin whales might have been behind that market movement. Be it capitalizing on the current bull run or responding to the heightened volatility of the market and movements of price highs and lows, it remains to be seen what these Bitcoin whales do next. BlackRock’s Aggressive Bitcoin Acquisition: $4.44 Billion in Two Weeks In a different significant development, Bitcoin has seen institutional investments flooding in, with one of the biggest asset managers in the world, BlackRock, aggressively amassing Bitcoin. Over the last couple of weeks, BlackRock’s iShares Bitcoin Trust ETF has taken on another 41,452 BTC—worth approximately $3.92 billion—that brings its total to 620,252 BTC, or roughly $58.51 billion. BlackRock bought another 5,613 $BTC ($529.5M) and now holds 620,252 $BTC ($58.51B). BlackRock has bought a total of 47,064 $BTC ($4.44B) since April 21. https://t.co/pRDoPUTxus pic.twitter.com/gtBs0TMVyg — Lookonchain (@lookonchain) May 6, 2025 The ongoing collection of Bitcoin by BlackRock emphasizes the swelling institutional focus on digital assets, particularly Bitcoin. Since April 21, the investment firm has amassed 47,064 BTC, converting to $4.44 billion, which it has made apparent is being used to express a bet on Bitcoin’s staying power and its long-term viability as a store of value. With the price of Bitcoin stubbornly remaining near the highs it reached in 2021, BlackRock’s ongoing purchases have not only been noticeable but have also served as a point of conversation for both retail investors and those investing through other institutions. These purchases’ timing is also very interesting. The latest buying spree by BlackRock follows a big rise in Bitcoin’s price and, at the same time, a much more common effort by institutional investors to include digital assets in their portfolios. With these big steps from a major player like BlackRock, it’s becoming ever clearer that Bitcoin is an asset class that might be safe enough to put into irrefutable, legally binding documents. On May 5, Bitcoin ETFs saw a significant net inflow of $425 million, marking three consecutive days of net inflows. This continued flow of capital into Bitcoin-related financial products points to the growing acceptance of cryptocurrencies in the traditional financial system. As more institutional investors gain exposure to Bitcoin through ETFs and other investment vehicles, the potential for Bitcoin to further solidify its position as a “mainstream” asset grows. On May 5, spot Bitcoin ETFs saw a total net inflow of $425 million, marking three consecutive days of net inflows. All nine spot Ethereum ETFs recorded zero net inflows or outflows throughout the day, showing no movement. https://t.co/Hj2Gs48E6C — Wu Blockchain (@WuBlockchain) May 6, 2025 The Future of Bitcoin: Increased Institutional and Whale Activity A large supply of previously dormant Bitcoin is now on the move, driven by what appears to be an emerging market for the previously inactive crypto. The very fact that Bitcoin—always billed as a scarce and valuable asset—is finding so many previously unaccounted-for coins suddenly available for sale is having a pronounced chilling effect on the price. And it’s happening at the same time that we have some very deep-pocketed institutional players getting into the market for Bitcoin. While Bitcoin’s price remains constant and well above the level of $90,000, and institutional interest in the digital asset keeps ramping up, I can’t help but think that the future of Bitcoin is very bright indeed. Whale activity and institutional buying appear to be steering Bitcoin towards an even more heightened supply/demand dynamic, which I think will end up being a favorable one for Bitcoin’s price in the months ahead. Meanwhile, with even more mainstream financial institutions leaping into the embrace of Bitcoin, I don’t see the very understandable legitimacy problem that the digital currency used to have as existing anymore. To sum up, Bitcoin’s future is increasingly being shaped by such major developments as the whales movin’ and the porpoises buyin’. If those big fellows keep on keepin’ on buyin’ up, what happens next, then, in the next chapter of the Bitcoin story? The secret, I’ve been told, lies in the coming weeks and months. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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