Recent revelations by Arkham Intelligence have shown 97% of Michael Saylor’s Bitcoin holdings, stirring significant concerns about market centralization and potential collapse risks. The public disclosure of Saylor’s wallet addresses
Changpeng Zhao (CZ), the former CEO of Binance, has affirmed that “crypto is still here” following the significant development of the U.S. Securities and Exchange Commission (SEC) dropping its lawsuit against Binance with prejudice. This decision marks a pivotal moment for the exchange and the broader cryptocurrency industry, signaling a potential shift in the regulatory … Continue reading "CZ Declares “Crypto Is Still Here” as SEC Drops Binance Lawsuit" The post CZ Declares “Crypto Is Still Here” as SEC Drops Binance Lawsuit appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post How Will the Crypto Market React to Bitcoin & Ethereum Options Expiry Today? appeared first on Coinpedia Fintech News The crypto market is bracing for a big event today, just one day after the Bitcoin Conference 2025 wrapped up in Las Vegas on May 29. The conference, filled with optimism and new ideas, has set a hopeful tone. But now, with more than $11 billion in Bitcoin and Ethereum options expiring today, traders are worried that this will lead to massive volatility ahead. $9.8B Bitcoin Options Expiry Today According to data from Deribit , a leading crypto derivatives platform, around 92,459 Bitcoin contracts will expire today. These contracts are worth nearly $9.8 billion, a significant jump from last week’s figures. Currently, Bitcoin is trading at around $105,982, down about 1.9% in the past 24 hours. The maximum pain price, the level where most options lose money, is $100,000. Although this is below the current price, analysts think Bitcoin won’t drop all the way to that level. Traders have set a put-to-call ratio of 0.89, showing more bets on price gains. $1.6 Billion Ethereum Options Expiry Ethereum is also seeing a big expiry day, with 623,949 contracts worth about $1.6 billion set to expire today, again according to Deribit data. Ethereum’s price is currently at $2,600, down about 4% in the past 24 hours. Its maximum pain price is $2,300, while the put-to-call ratio of 0.81 suggests that traders still believe prices could go higher. How the Crypto Market Could React Today This week’s Bitcoin and Ethereum options expiry is much bigger, covering the whole month. Historically, big monthly expiries like this can lead to short-term volatility, as traders adjust their positions or hedge against sudden price swings. Meanwhile, Bitcoin traders seem split, as some hope for a price rise, while others are cautious and ready to protect themselves. 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Large Bitcoin options expiry can cause short-term price volatility as traders adjust or close positions. How does Ethereum options expiry affect its price? Ethereum options expiry often triggers volatility; today $1.6 billion contracts are expiring amid price dips. What does put-to-call ratio indicate for Bitcoin and Ethereum? Ratios below 1 (Bitcoin 0.89, Ethereum 0.81) suggest traders expect prices to rise despite recent declines. How is the crypto market doing today? Bitcoin and Ethereum prices are slightly down amid big options expiries, with traders cautious but optimistic.
The lawsuits against the LIBRA token project are heating up once again. Burwick Law has requested the freeze of LIBRA assets in wallets linked to Hayden Davis. The law firm, one of the main drivers of class-action lawsuits for meme tokens, has requested the additional freezing of LIBRA tokens in wallets linked to the initial team and influencers. The New York Southern District Court has granted an order to limit the trading or transfers of assets from LIBRA team wallets. The main problem with LIBRA is that even defunct tokens can be active on-chain. LIBRA is entirely permissionless and even continues to trade with vestigial volumes on several exchanges. However, the volumes are not enough to absorb any of the holdings without tanking the price. LIBRA never recovered, but retail investors seek the proceeds from the initial team sale in the first hours after the launch. | Source: CoinGecko In the case of LIBRA, the token led to over $250M in user losses, and never recovered from its initial crash. Unlike other meme tokens, LIBRA has lost all confidence, and traders are not touching it even for an irrational pump. The low volumes mean even the team and initial investors are technically incapable of shedding their assets, unlike other more liquid memes. Additionally, the wallets of Kelsier Ventures have mostly divested their LIBRA, instead holding SOL and USDC, as well as other assets that cannot be frozen. The request arrives just a day after Circle froze $57M in USDC tokens, making them unmovable on-chain. Further requests have been sent to freeze any remaining USDC in the team and influencer wallets linked to early LIBRA traders. The requests by Burwick Law also targeted the same USDC wallets which also received a request from an Argentinian court. In that case, Circle was directly contacted and performed the freezing transaction. Circle can then re-issue the USDC, to be used in trader compensation. The Libra Team 1 wallet was one of the affected wallets with a freeze of 13.06M USDC. LIBRA has a total of 24,519 holders as of May 2025, though most of the tokens are still concentrated in team wallets. Burwick Law aims to block LIBRA by court order The request by Burwick Law does not involve any on-chain actions. Instead, the firm has obtained a court order against the usage of crypto held in the wallets of the LIBRA team and associates. In the case of Hurlock v. Kelsier Ventures et al, Burwick Law obtained a Temporary Restraining Order. For now, it remains uncertain how this order can be implemented on-chain, as the movement of Solana assets is still unrestrained. The restraining order affects any remaining LIBRA in the team’s wallets, as well as the identified $110M in proceeds, which Burwick Law links to other wallets belonging to Hayden Davis’s Kelsier Ventures. The court order to ban further transactions is one of the first attempts at recovery for the victims of the meme token. The high profile of LIBRA and its connections to Argentina’s President Javier Milei meant the asset was treated as more than just another meme. LIBRA launched during the peak craze for celebrity and official tokens, managing to bring in up to $250M in investments, before erasing over 90% of its value in minutes. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Coinbase offers 24/7 trading for XRP and SOL futures, expanding hours beyond U.S. regular markets. Continue Reading: Coinbase Expands 24/7 Trading to XRP and SOL Futures The post Coinbase Expands 24/7 Trading to XRP and SOL Futures appeared first on COINTURK NEWS .
The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against crypto exchange Binance. This puts an end to one of its most high-profile enforcement actions in the crypto space. Joint Dismissal Motion “Huge win for crypto today. The SEC’s case against us is dismissed,” Binance revealed in a May 30 X post . The company also thanked SEC Chairman Paul Atkins and President Trump’s team “for pushing back against regulation by enforcement,” adding, “U.S. innovation is back on track – and it’s just the beginning.” The dismissal follows a joint motion filed on May 29 by the SEC, Binance, and ex-CEO Changpeng Zhao. The petition, submitted to a federal court in Washington, D.C., requested that the agency’s original complaint be dropped. The regulator stated that dropping the case was appropriate “in the exercise of its discretion and as a policy matter,” and clarified that the decision does not reflect its views on other cryptocurrency-related litigation. The lawsuit was also dissolved with prejudice, meaning it cannot be reopened. This ruling comes after the lawsuit was paused twice earlier this year, in February and April. The SEC’s Crypto Task Force, created under Acting Chair Mark T. Uyeda, played a key role in the decision to move forward with the action. The financial watchdog first sued Binance, Zhao, and its U.S.-based arm in June 2023. The lawsuit accused them of violating securities laws by offering unregistered securities to U.S. investors, mishandling customer funds, and misleading investors. The agency also claimed the exchange had failed to put in place proper financial controls. It was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year, in which Zhao pleaded guilty and stepped down as CEO. A Changed Approach The SEC has been reversing its approach to crypto regulation under President Donald Trump’s second administration. The development is the latest in a string of enforcement actions that the agency has since dropped. In earlier months, it abandoned or settled complaints against Coinbase, Ripple , and Kraken. Additionally, the agency closed its investigations into Robinhood Crypto, Uniswap Labs , and OpenSea. Paul Atkins has since taken over as SEC Chairman, bringing a pro-crypto stance and a commitment to create a framework for digital assets. Under his and Uyeda’s leadership, the regulator has held several roundtables focused on crypto regulation and financial innovation, with Commissioner Hester Peirce playing a key role in these discussions. The post SEC Drops Lawsuit Against Binance in Landmark Decision appeared first on CryptoPotato .
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail. Ethereum (ETH) This week, the broad market entered into a pullback, and Ethereum also closed with a 2% loss. This is nothing to be concerned about as long as ETH stays above $2,400, which is a key support. At the time of this post, the price was hovering around $2,650. While the momentum on higher timeframes remains bullish, the current price action shows a loss of strength for buyers, who were unable to push the asset to the key resistance at $2,800. Hopefully, this happens once the ongoing pullback is over. Looking ahead, the second-largest cryptocurrency can make new highs as soon as it breaks the resistance at $2,800. That will open the way for a price above $3,000 next. Chart by TradingView Ripple (XRP) XRP appears to be returning towards $2 after closing the week with a 9% loss. This fall comes after the price failed to break the $2.6 resistance earlier this month. Since then, sellers have dominated the price action. On May 20th, the daily MACD also did a bearish cross, which hinted at this correction to come. At this time, the price is bouncing on the $2.2 level, but if buyers don’t return anytime soon, sellers are likely to take the asset to $2. Looking ahead, XRP is still stuck in the $2 to $2.6 range and is bouncing between these two key levels. Until a clear breakout happens, it is unlikely to see a major move from this cryptocurrency. Chart by TradingView Cardano (ADA) ADA did not manage to test the resistance at $0.9 since sellers came early to reverse the price action at $0.85. Since then, this cryptocurrency has been in a downtrend and closed the week with a 14% loss, the biggest on our list. Even if Cardano remains bearish, it has strong support at $0.7 and $0.64, where buyers returned in the past. Since the price is now testing the $0.7 support, a bounce here appears likely. Looking ahead, ADA failed to make a higher high in the past two months. This is concerning because it may be an early sign of weakness and a possible continuation of the downtrend that started back in December 2024. A loss of the $0.64 support would confirm this. Chart by TradingView Solana (SOL) Solana was sharply rejected by the resistance at $186, and the price entered a pullback, which saw it lose 9% of its valuation this week. Sellers can continue to maintain the pressure, considering that the most important support is found at $152, and there is quite some distance left until there. The volume is also in decline since January, with no sign of a reversal. This supports a bearish bias despite the recent rally since April. Moreover, if SOL fails to break the resistance at $186 later on, then this could be interpreted as a lower high in a major downtrend. Looking ahead, Solana may stay bearish in the coming days. This can change if the support at $152 stops sellers and reverses the downtrend. This level is critical for where Solana will go next this year. Chart by TradingView Hype (HYPE) HYPE appears to have topped at $40, at least for the time being. This comes after an impressive rally that saw the price increase by 330% since its bottom at $9.5 back in early April. However, sellers are dominating at this time, and they managed to push HYPE down by 8% this week. This corrective move was expected after such a rally and may last for quite a while before buyers will return. Key support levels are found at $30 and $27. For this reason, best to be patient and let this downtrend find a bottom before considering an entry. Looking ahead, HYPE remains a very strong contender in the altcoins space as one of the few tokens to make a new all-time high this year. As soon as this correction is over, buyers could return in force towards new highs. Chart by TradingView The post Crypto Price Analysis May-30: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato .
Wall Street investment bank Cantor Fitzgerald is considering a new fund that protects investors against Bitcoin’s volatility with gold. Announced on Thursday at the Bitcoin 2025 conference in Las Vegas, the investment vehicle will offer uncapped BTC exposure with “downside protection” tied to gold. Per an official release , the fund is set to run for 5 years and aims to provide uncapped upside participation in Bitcoin. The fund will offer 1-to-1 downside protection based on the price of gold. Fund Would Address Investors’ Fears Over Bitcoin’s Sudden Price Drops At Cantor, we are focused on delivering innovative products that support clients seeking exposure to digital asset investments,” said Brandon G. Lutnick, Chairman of Cantor Fitzgerald. He called it a “ground breaking investment vehicle” that helps investors tap into Bitcoin’s potential growth with downside protection based on the price of gold. Speaking at the conference, Lutnick addressed investors, noting that the fund Balances Bitcoin’s volatility with the precious metal’s stability. “There are still people on the earth that are scared of Bitcoin, and we want to bring them into this ecosystem,” he said. The fund will be available to investors in the coming weeks, the company added. Cantor Launches $2B Bitcoin-Backed Lending Initiative The gold-hedged Bitcoin fund launch follows Cantor’s official launch of a $2 billion Bitcoin-backed lending with first loans. Today Cantor Fitzgerald Asset Management announced plans to launch a Gold Backed Bitcoin Fund, the business’s first Bitcoin-focused investment vehicle. The Fund will combine direct Bitcoin exposure with downside protection based on the price of gold. Read the release and stay… pic.twitter.com/oVexIJC9lf — Cantor (@Official_Cantor) May 29, 2025 The investment bank announced early this week that the lending initiative will provide financing to crypto firms FalconX Ltd. and Maple Finance. Cantor has launched a string of crypto-focused ventures in the past. An affiliate of the investment bank in April teamed up with Tether Holdings and SoftBank Group to launch Bitcoin accumulator Twenty One Capital Inc . Following a string of corporate implosions in 2022, including Celsius and BlockFi, there has been a surge in crypto-backed lending. For instance, in March, Bitcoin software firm Blockstream Corp. secured a multi-billion dollar investment in its crypto lending funds. David Mercer, chief executive of the institutional trading platform LMAX Group, told Bloomberg that the new lenders will be “much more institutional in nature.” “More banks will enter the space and provide credit mechanisms to some of the largest institutions you can imagine to trade these assets.” The post Cantor Fitzgerald Asset Management to Launch Gold-Hedged Bitcoin Fund appeared first on Cryptonews .
A tweet posted by crypto researcher SMQKE, referencing internal documentation from J.P. Morgan, has drawn attention to the banking giant’s historical recognition of Ripple as a potential disruptor in the field of global cross-border payments. The tweet, accompanied by two slides bearing J.P. Morgan’s branding and content, emphasizes Ripple’s capabilities in transforming traditional banking operations through blockchain-based processing. The material cited comes from a J.P. Morgan research document discussing banks’ involvement in blockchain technologies and cryptocurrencies. It outlines key areas where blockchain is expected to have a transformative impact, including payments, clearing, settlement, and compliance processes such as Know Your Customer (KYC) and Anti-Money Laundering (AML). A specific focus is given to Ripple as an example of a blockchain solution with the potential to “disrupt cross-border payments processing across the industry globally.” Remember, JPM knows. “Ripple has the potential to disrupt cross border payments processing across the industry globally.” *just reading up on Mr. Morgan today and a few documents came to mind. pic.twitter.com/vFqaq467Sm — SMQKE (@SMQKEDQG) May 27, 2025 Ripple Positioned as a Notable Blockchain Use Case The first image from the shared documentation elaborates on the various transformational areas enabled by blockchain, with a visual reference listing cross-border payments, KYC/AML synergies, trade finance, and syndicated lending among others. Ripple is mentioned by name in the context of blockchain-based payment systems that aim to reduce the time needed for cross-border transfers from days to seconds, at lower costs. The analysis notes that although banks have traditionally shown limited involvement with direct cryptocurrency trading due to regulatory concerns, they continue to explore blockchain’s broader application in infrastructure and enterprise-level systems. Ripple is highlighted as a blockchain initiative capable of reshaping the processing of international payments by addressing legacy inefficiencies. Interoperability and Infrastructure Integration The second slide included in the tweet presents Ripple as a representative example of blockchain-based crypto-processing. It illustrates a network involving cloud-based ledger technology connecting financial institutions across different regions. The diagram emphasizes Ripple’s function in enabling the international movement of funds while utilizing existing financial infrastructure. The process illustrated involves a sender, a receiving financial institution, and a market maker that facilitates currency exchange and payment finality. According to the slide, the value proposition lies in secure, inexpensive, and fast fund transfers in any currency, positioning Ripple as an interoperability layer for the fragmented global financial ecosystem. It outlines the basic flow of payment and currency conversion managed through Ripple’s system, showcasing the model as an alternative to conventional banking structures. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 J.P. Morgan’s Recognition of Emerging Fintech Models SMQKE’s tweet underscores the fact that major institutions such as J.P. Morgan have long been aware of the potential for blockchain projects such as Ripple to impact traditional finance. The referenced material reflects an assessment that blockchain platforms, especially those focused on payments, could lead to significant cost reductions and operational efficiencies for banks. J.P. Morgan’s document specifically mentions cost-saving projections derived from blockchain adoption, including reductions in reporting, onboarding, and business operation costs. Furthermore, it highlights that regulatory encouragement, particularly from central banks and financial oversight bodies, could accelerate this transition and further validate the integration of distributed ledger technologies. As crypto researcher SMQKE notes, this documentation provides a clear indication that Ripple’s role has not gone unnoticed within leading financial entities, and that it is considered among viable blockchain solutions capable of reshaping global financial processes. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post JP Morgan: Ripple (XRP) Can Disrupt Cross-Border Payments Processing Globally appeared first on Times Tabloid .
The altcoin market has hit a plateau following its robust performance earlier in May, signaling a shift in investor dynamics within the cryptocurrency ecosystem. The rising Bitcoin Dominance (BTC.D) alongside