The SEC officially withdrew its case against Dragonchain, marking a significant development. This decision sparked a remarkable increase in the value of the DRGN altcoin. Continue Reading: SEC Dismisses Case Against Dragonchain, Sparking Market Surge The post SEC Dismisses Case Against Dragonchain, Sparking Market Surge appeared first on COINTURK NEWS .
The world of cryptocurrency is dynamic, and staying informed is crucial, especially when major exchanges issue warnings. Recently, significant developments have emerged from the South Korean market concerning the HPO token , formerly known as Hippocrat, which has undergone a rebranding to Hippo Protocol. What Triggered the Warning from Korean Crypto Exchanges? Leading the charge in market integrity, prominent Korean crypto exchanges like Upbit and Bithumb, acting under the umbrella of the Digital Asset eXchange Alliance (DAXA), have sounded the alarm. Their official websites now feature warnings about the potential for significant price swings and instability surrounding the HPO token. This collective decision by DAXA highlights a coordinated effort among major players in the Korean market to address potential risks associated with certain digital assets. The primary trigger for these warnings appears to be the project’s recent rebranding from Hippocrat to Hippo Protocol. While rebranding can signal growth and new direction for a project, it can also introduce uncertainty regarding its future development, tokenomics, and market perception, potentially leading to unpredictable price movements. Upbit’s Specific Actions Regarding HPO Token Trading Among the exchanges, Upbit has taken the most direct action to date. Recognizing the potential for heightened crypto volatility following the warnings, Upbit announced temporary suspensions affecting the HPO token. Here’s a breakdown of Upbit’s planned actions: Deposit and Withdrawal Suspension: Starting at 09:00 UTC on April 30 , deposits and withdrawals of the HPO token were temporarily suspended on the Upbit platform. This step is often taken to prevent large inflows or outflows that could exacerbate volatility during a period of uncertainty. Trading Suspension: Trading for the HPO/KRW and HPO/BTC pairs on Upbit will also be temporarily halted. This suspension is scheduled to begin at 05:00 UTC on May 8 . The exchange stated it will continue to monitor the situation closely even after trading resumes. These measures by Upbit HPO are designed to protect traders from potentially sudden and sharp price fluctuations while the market digests the implications of the rebranding and the associated volatility warnings. Why Do Exchanges Issue Crypto Volatility Warnings? Exchanges like Upbit and Bithumb don’t issue warnings lightly. Their primary responsibility includes maintaining a fair and orderly market and protecting their users. Here are a few key reasons why they might flag a token for potential crypto volatility : Significant Project Changes: Rebranding, major shifts in tokenomics, or changes in the development team can introduce uncertainty. Market Manipulation Risk: Periods of high uncertainty can make a token more susceptible to pump-and-dump schemes or other manipulative activities. Lack of Clear Information: If information about the project’s future is unclear or communication is poor, it can lead to speculation and volatility. Regulatory Concerns: While not explicitly stated as the reason here, potential regulatory shifts or interpretations can also trigger warnings. By issuing warnings and implementing temporary measures, exchanges provide users with notice, allowing them to make informed decisions about their holdings and trading activities regarding the affected HPO token . The Role of DAXA in the Korean Market The Digital Asset eXchange Alliance ( DAXA ) plays a crucial consultative role among major Korean crypto exchanges . Its formation was a response to the need for self-regulation and coordinated action within the industry. When DAXA collectively decides to issue a warning, it carries significant weight and indicates a shared concern among the member exchanges regarding a specific asset or market condition. This collaborative approach aims to enhance market transparency and investor protection across the participating platforms. Implications for Traders and HPO Token Holders For traders and holders of the HPO token , these warnings and suspensions are critical pieces of information. The potential for increased volatility means that the price could move sharply in either direction. While temporary trading suspensions can prevent impulsive decisions during volatile periods, they also mean that users cannot access their funds or trade the asset on Upbit during the suspension period. If you hold HPO, it’s essential to: Stay Informed: Follow official announcements from Upbit, Bithumb, DAXA, and the Hippo Protocol project itself. Assess Your Risk Tolerance: Understand that the asset carries elevated risk due to the volatility warning. Consider Your Options: If you are trading on Upbit, be aware of the suspension dates. If you hold HPO on other exchanges, check their status and warnings. The actions taken by Korean crypto exchanges serve as a reminder that the crypto market requires careful navigation and constant vigilance. Conclusion: Navigating Uncertainty in the Crypto Market The warnings issued by Upbit and Bithumb, facilitated by DAXA , regarding the HPO token highlight the inherent risks present in the rapidly evolving crypto landscape. The temporary suspension of deposits, withdrawals, and trading on Upbit underscores the exchanges’ commitment to managing potential crypto volatility and protecting their user base following significant project events like rebranding. For anyone involved with the HPO token , understanding these developments is paramount to making informed decisions and mitigating potential losses in a market characterized by both immense opportunity and considerable risk. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency price action.
AI meme tokens showed their resilience, with top assets gaining rapidly in the past week. The recent rally revived older hot assets, with some almost doubling in value. The AI narrative is recovering, led by the ongoing FARTCOIN rally. AI meme tokens regained value, for a total of $3.1B, after some of the top assets posted significant weekly gains. The AI token sector was almost frozen in Q1 after the initial hype, but some of the assets retained cult status and returned for new rallies. The rally was led by the irrational gains of FARTCOIN and GOAT, but other AI agent tokens also recovered. AI16Z is up over 87% in the past week, recovering from the recent sideways trading around $0.10. AI agent tokens on Solana were all in the green for the past week. | Source: Alphanomics The recovery of AI agents followed weeks of renewed interest in Solana tokens . AI agents are also a staple on social media, providing ongoing content and keeping the sector’s mindshare relatively high. Most of the AI-related tokens increased their mindshare in the past week, but FARTCOIN led with 21.62% expansion in mentions. AI agents and agent-related tokens held the biggest mindshare, followed by AI platforms and infrastructure. The crossover of DeFi and AI, DEFai, is still lagging with almost negligible increase in mentions. AI meme platform VIRTUAL drew in smart money inflows Ava Labs (AVA), GRIFFAIN, ZEREBRO, and Virtuals Protocol (VIRTUAL) are also bouncing from their lows, offering fast gains after months of losses. After the initial wave of token creation, Virtual Protocol generated a total of 16,974 AI agent tokens, of which 400 graduated to more liquid decentralized trading. V IRTUAL remains the proxy for those AI agent tokens, recovering to a one-month high of $0.83. The token was also among the main attractors of smart money based on Alphanomics data. VIRTUAL reflected the recent gains of other AI agent tokens from the Virtuals Protocol launchpad. New launches have slowed down to a minimum, but older assets are still capable of drawing in whale traders and retail buyers. The VIRTUAL token and its related ecosystem also benefitted from the renewed interest in AI tokens. Those older assets, tied to AI infrastructure, recovered their total value to over $25B. VIRTUAL was the top weekly gainer with 45.5% added for the past seven-day period. VIRTUAl led the recovery for infrastructure tokens, with strong gains from AVA, PROMPT, DARK, and other platforms. AI agents are no longer as hot as during their first rally. The tokens still showed an ability to rally, following the recovered market sentiment. Solana AI agents had the strongest recovery, with most agents in the green for the past week. The recent price performance led to expectations of a new AI agent season. The lack of a real altcoin season sent traders in search of other sources of gains. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The post Why SUI Crypto Price is Up Today? appeared first on Coinpedia Fintech News Solana’s biggest rival and the native token of the Sui blockchain (SUI) coin has surprised the crypto community with a massive jump of 72% in just one week. According to Lookonchain, a popular blockchain analytical platform, there are three main reasons behind this strong rally. Apart from this, there is a rumor growing that Pokémon HOME might be partnering with the Sui blockchain. Total Value Locked Surge on Sui One of the biggest reasons behind this huge rise in Total Value Locked (TVL) on the Sui network. In just a short time, Sui’s TVL went up by 41%, reaching $1.73 billion as per Defillama. This means more users and developers are locking their funds into Sui’s decentralized apps, trusting the network to grow even more. DEX Trading Volume is Booming Another key reason behind the SUI price jump is the rise in trading volume on Sui-based decentralized exchanges (DEXs). Over the last week, trading volume shot up by 170%, reaching $599 million in just 24 hours. That means more people are buying and selling tokens on the network, which often pushes the price higher. Growing Stablecoins Growth on the Network And the third reason is the rapid growth of stablecoins on Sui. In the past two months, the total value of stablecoins on the network jumped from $482 million to $879 million, that’s an 82% increase. This shows that users are not just trading, but also holding value and building trust in the system. Is Sui and Pokémon Home Collaborating? Sui’s recent 72% price jump might not just be about numbers, there’s a rumor about a possible partnership with Pokémon! Fans noticed that a Web3 company called Parasol, now owned by SUI’s team, was added to Pokémon HOME’s privacy policy. This started rumors of a future collab between Sui and Pokémon. Later, a blog post from the Sui Foundation recently talked about Parasol working on NFT-based card games, and some users claimed it originally mentioned Pokémon before the name was quietly removed. While there’s no official confirmation yet, the rumor may be helping boost SUI’s price. As of now, the SUI token is up by 23% and trading around $3.64 , with its market cap hitting $11.83 billion in the last 24 hours.
While market sentiment is now swinging back to the positive side, with Bitcoin rallying strongly over recent weeks, many altcoin investors are still probably in the disbelief phase. However, $SOL, $SUI, and $KAS are among the first in a coming crypto wave to the upside. $SOL begins its journey back to the all-time high Source: TradingView The $SOL price action is surging strongly to the upside. After pushing through the descending downtrend line, the price has flipped strong resistances into support. The next big resistance level is at $162, and above this at $180, and then $202. With the Stochastic RSI indicators coming up from the bottom and crossing through the 20.00 level, the needed upside price momentum is arriving. A new all-time high could be on the cards before the end of this bull market. $SUI rocketing back to highs Source: TradingView The $SUI price has absolutely rocketed after breaking through the downtrend line. While $SOL still has some way to go in order to get back to its all-time high, $SUI potentially may not be more than a week or two away, especially if this surge continues in this manner. The bulls will hope to close this week’s green candle above the $3.38 horizontal resistance, and turn this level into support, perhaps after coming back to confirm it next week. From there, more towering green candles could send the $SUI price well beyond the all-time high at $5.40. The Stochastic RSI on the weekly is just getting going with the indicators fast rising from the bottom. It might take some very bad crypto or economic news to put the brakes on this one. $KAS about to reenter range Source: TradingView $KAS is another layer 1 altcoin that is seeing a very strong resurgence. $KAS hit a perfect bottom at $0.0523, and has been on the charge since then, breaking through the descending trendline. However, another higher high is still to be made at $0.114 in order to continue to break the downtrend. Also, before this, the $KAS bulls need to break through the $0.106 resistance level. At the bottom of the chart once again is the Stochastic RSI. The difference here between $KAS and $SOL + $SUI is that the indicator lines are a lot more advanced to the upside. This would potentially mean that $KAS could reach a top first. It remains to be seen whether that top will be the top of the range at $0.188. 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.
The world's largest derivatives exchange, CME Group, announced yesterday that it would launch XRP futures. While excitement for XRP increased following this announcement, good news also came from Japan. According to local news agency Coinpost, Japan's largest second-hand sales platform Mercari has received support for XRP. Mercari’s cryptocurrency arm, Mercoin, has announced that it has added XRP to its platform. With this integration, over 20 million monthly active users will be able to access XRP for as little as 1 Japanese yen (JPY). Users can easily purchase XRP directly through their existing balance, Mercari points, or bank transfers. Mercoin added Bitcoin (BTC) to the platform in 2023 and Ethereum (ETH) in 2024. XRP is the third cryptocurrency to join the list, and this move also indicates that XRP has a deep-rooted place in the Japanese financial sector. Mercoin also added that it plans to explore various avenues to further raise XRP awareness in Japan and opportunities for XRP investors. *This is not investment advice. Continue Reading: Ripple (XRP) Makes a Sensational Move from One of Japan's Largest Platforms! It Became Third After Bitcoin and Ethereum!
Ljubljana, the picturesque capital of Slovenia, has officially claimed the top spot in Multipolitan’s 2025 Crypto-Friendly Cities Index, edging out heavyweight contenders like Hong Kong and Zürich. The annual index, published by the migration advisory firm Multipolitan, assessed 20 cities worldwide based on factors such as regulatory clarity, crypto infrastructure, lifestyle perks, and taxation . Slovenia’s Capital Beats Out Global Finance Hubs According to the report , Ljubljana’s crypto leadership is no accident. The city scored high marks across a wide spectrum—from the presence of crypto ATMs to retail-level crypto acceptance and an emerging startup culture grounded in blockchain innovation. “High concentrations of these assets earned the top scores,” the firm noted, adding that internet speeds, GDP per capita, and housing affordability were also taken into account. Hong Kong and Zürich tied for second place, while Singapore and Abu Dhabi rounded out the top five, continuing their climb as crypto business hubs thanks to favorable tax regimes and tailored regulatory frameworks. Madison, Wisconsin was the only American city to make the list, tying for 11th with Riga, Doha, and Riyadh—underscoring just how decentralized crypto development has become across the globe. Ljubljana Leads in Crypto Wealth Too It isn’t just friendly policies that put Ljubljana on the crypto map. The city—and by extension, Slovenia—also leads the world in crypto wealth concentration. Multipolitan’s parallel Crypto Wealth Index revealed that the average Slovenian crypto holder owns roughly $240,500 in digital assets. That figure dwarfs second-place Cyprus, where the average is around $175,000, and towers over the United States, where average holdings sit at a modest $23,300. Slovenia’s position within the European Union has helped provide a stable framework for crypto development under the MiCA (Markets in Crypto-Assets) regulation , which has so far been welcomed by the industry for its clarity and scope. Ljubljana is also home to key players in the blockchain space. The Blockchain Alliance Europe advocacy group is based in the city, and it recently hosted a notable partnership between Blocksquare and Vera Capital. On April 18, the two firms announced a plan to tokenize $1 billion worth of U.S. real estate using Blocksquare’s blockchain platform—a bold move that further cements Ljubljana’s status as a quietly powerful crypto capital. The post Ljubljana Crowned the World’s Most Crypto-Friendly City in 2025 Report appeared first on TheCoinrise.com .
Big news from the world of cryptocurrency regulation ! The U.S. Securities and Exchange Commission (SEC) is reportedly seeking to dismiss its long-standing case against blockchain technology firm Dragonchain. This move, targeting Dragonchain’s 2017 initial coin offering (ICO), marks a significant turn in one of the many crypto lawsuit battles the SEC has waged. For years, the SEC crypto enforcement actions have been a major point of tension in the digital asset space. The case against Dragonchain was a notable example, alleging that the company’s 2017 token sale constituted an unregistered securities offering. Understanding the SEC Dragonchain Case The original lawsuit against Dragonchain was filed by the SEC in August 2022. The core of the SEC’s claim revolved around the funds raised during Dragonchain’s 2017 token sale, which included both a private presale and a public ICO. The SEC alleged that Dragonchain, its founder Joe Roets, and affiliated entities raised approximately $16.5 million through this offering. The SEC contended that the DRGN tokens sold were investment contracts and thus securities, subject to federal registration requirements. Because Dragonchain had not registered the offering with the SEC, the regulator argued it violated securities laws. This legal challenge put significant pressure on Dragonchain and was closely watched by the wider crypto community, as it touched upon fundamental questions about how digital assets should be classified and regulated. Why the Shift? The SEC Drops the Dragonchain ICO Lawsuit While the exact reasons for the SEC’s decision to seek dismissal are not fully detailed in the initial report, such moves in complex litigation can stem from various factors. These might include: Settlement: The parties may have reached an agreement outside of court. Settlements often involve some form of penalty or undertaking from the defendant, but avoid a protracted legal battle and a definitive court ruling on the securities status of the token. Insufficient Evidence: As the case progressed, the SEC might have determined that its evidence was not strong enough to secure a favorable judgment at trial based on the specifics of the Dragonchain ICO. Strategic Reprioritization: The SEC has a vast portfolio of cases. They might decide to focus resources on other enforcement actions deemed more critical or likely to succeed. Legal Challenges: Dragonchain’s legal defense may have raised compelling arguments that presented significant hurdles for the SEC’s case. Regardless of the specific catalyst, the decision to drop the case against the Dragonchain ICO is a significant development, particularly given the SEC’s generally aggressive stance towards crypto offerings it deems unregistered securities. Implications for Dragonchain and the Crypto Landscape For Dragonchain, this news is undoubtedly a major relief. Facing a crypto lawsuit from a powerful regulator like the SEC is costly, time-consuming, and can severely impact a company’s operations, reputation, and ability to innovate. The dismissal removes a significant legal cloud that has hung over the company since 2022, potentially allowing them to focus more fully on their technology and business development. For the broader market, this development could be interpreted in several ways: Potential Precedent (with caution): While a dismissal is not the same as a court ruling in favor of Dragonchain, it avoids setting a formal legal precedent classifying the DRGN token as a security through litigation in this specific instance. However, it doesn’t automatically declassify all ICO tokens. Signals about Enforcement: Some may see this as a sign that the SEC’s enforcement efforts, while broad, are not insurmountable and can be challenged. It might encourage other projects facing similar lawsuits. Continued Uncertainty: Others will note that this dismissal doesn’t provide clear regulatory guidance. It resolves one specific case but doesn’t clarify the rules for future ICOs or the status of other digital assets under U.S. law. The path forward for cryptocurrency regulation remains complex. The SEC crypto approach continues to evolve, and each case, whether settled, dismissed, or litigated, adds a layer to the ongoing debate about how best to oversee this rapidly developing industry. What Does This SEC Dragonchain Decision Mean for the Future? The dismissal of the SEC Dragonchain case is a notable event, but it’s crucial not to overstate its impact on the entire regulatory landscape. It doesn’t signal a wholesale retreat by the SEC from its position that many tokens sold as part of fundraising efforts are securities. However, it does highlight the challenges the regulator faces in pursuing these cases, which often involve complex technological and legal arguments. The crypto industry continues to push for clearer rules and a legislative framework rather than regulation primarily through enforcement actions. Cases like the one against the Dragonchain ICO underscore the need for this clarity, as the current environment leaves many projects operating under a cloud of legal uncertainty. Ultimately, while Dragonchain can breathe a sigh of relief, the larger conversation about cryptocurrency regulation in the U.S. is far from over. The outcome of other high-profile crypto lawsuit cases and potential legislative action will likely play a more significant role in shaping the future regulatory environment. This dismissal is a positive development for Dragonchain and offers a moment of optimism for parts of the crypto community facing regulatory challenges, but the path to comprehensive and clear regulation remains long. To learn more about the latest crypto market trends, explore our articles on key developments shaping cryptocurrency regulation and legal challenges .
Slovenia's capital, Ljubljana, has been named the world's most crypto-friendly city by migration consultancy firm Multipolitan. The ranking places Ljubljana ahead of other prominent crypto hubs such as Hong Kong and Zurich, which tied for second place. Singapore and Abu Dhabi ranked fourth and fifth, respectively. Hong Kong is noted for having the third highest concentration of crypto wealth globally, behind Slovenia and Cyprus. These findings highlight Ljubljana's growing prominence in the global cryptocurrency landscape. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
In a recent statement by Michael Saylor, the Chairman of Strategy for COINOTAG, he projected that BlackRock’s IBIT could evolve into the world’s preeminent ETF within the next decade. Currently