Ripple stops publishing XRP Markets reports in their existing format from 2025. New reports will focus on comprehensive data analysis for institutional investors. Continue Reading: Ripple Elevates Market Reporting with a New Comprehensive Format The post Ripple Elevates Market Reporting with a New Comprehensive Format appeared first on COINTURK NEWS .
The recent downturn in the Shiba Inu market highlights shifting investor sentiments, with bearish trends gaining traction amidst fluctuations in on-chain activities. Shiba Inu’s recent price action demonstrates a significant
Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government's 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.” The US Department of Justice requested Mashinsky receive at least 20 years behind bars in the May 8 sentencing for his role in misleading Celsius users and profiting from the price manipulation of Celsius ( CEL ), which would make the 59-year-old 79 if he serves the whole sentence. Lawyers acting for Mashinsky argued in a May 5 reply memorandum filed in a New York district court that he should receive no more than 366 days, because the DOJ hasn't taken into account his status as a nonviolent first-time offender with a previously unblemished 30-year history in business. “The government's venom-laced submission recasts this case as one involving a predator with an intent to target victims, harm them, and steal their money,” they said. “It concludes by recommending that a first time, nonviolent offender who pled guilty and accepts responsibility receive a death-in-prison sentence.” Lawyers acting for Mashinsky argue the DOJ has ignored their client's background in its sentencing request. Source: Court Listener Mashinsky pleaded guilty to two out of seven charges As part of a plea agreement, Mashinsky pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL, earning $48 million by selling his holdings before Celsius collapsed in June 2022. Prosecutors initially filed seven charges in July 2023. Lawyers acting for Mashinsky allege the DOJ’s push for a 20-year sentence is because their client is unwilling to “capitulate to the government’s exaggerated characterizations of his actions,” specifically that he was a “fraud from the get-go.” “Alex is inserted as the scapegoat for every corporate action, every group decision, every unanimous vote, every market fluctuation, and every employee's watercooler speculation,” they said. As part of its April 28 sentencing request, the DOJ said Mashinsky’s guilty plea showed that his crimes were deliberate, calculated decisions to lie, deceive and steal. Days earlier on April 23, US federal prosecutors also filed statements from hundreds of victims who lost money due to the Celsius collapse. They detailed how some had entrusted their life savings to the protocol, believing Mashinsky’s assurances that it was safe. Related: What do crypto users want to happen to Alex Mashinsky? Celsius filed for Chapter 11 bankruptcy on July 13, 2022, owing $4.7 billion to creditors after halting withdrawals in June, citing volatile market conditions. In November 2023, a US bankruptcy court approved Celsius' restructuring plan to repay customers, and in August 2024, $2.53 billion was paid to 251,000 creditors. Former Celsius chief revenue officer Roni Cohen-Pavon also pleaded guilty in September 2023 to similar charges, but his Dec. 11 sentencing has been delayed until after Mashinsky is sentenced. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Funding rate data revealed that the past few days saw a hike in bearish sentiments
The move stems from a 2023 call in which FinCEN reportedly told prosecutors that the wallet did not qualify as a Money Services Business. This critical detail was only disclosed to the defense almost a year later, which prompted calls for case dismissal and hearings over prosecutorial conduct. Meanwhile, OpenSea CEO Devin Finzer criticized the SEC’s past enforcement-heavy tactics under the Biden administration, and described them as stifling innovation. He praised the Trump-era regulatory shift that led to dropped cases against Coinbase, Ripple, and others. At the same time, the trial of former SafeMoon CEO Braden Karony is beginning under new DOJ leadership, adding further complexity. Overall, it seems like there is a growing clash between US federal prosecutors and the crypto industry cross multiple high-profile cases. Samourai Wallet Fights Back Samourai Wallet’s legal team is accusing federal prosecutors of withholding critical information that could have changed the course of the criminal case against its co-founders. In a letter that was submitted to a Manhattan federal court on May 5, attorneys for Keonne Rodriguez and William Hill revealed that prosecutors were informed by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in late 2023 that Samourai Wallet did not qualify as a Money Services Business (MSB) under existing guidance. Despite this, prosecutors still moved forward six months later with criminal charges alleging that the crypto mixing service was operating as an unlicensed money transmitter. The defense claims this guidance should have been disclosed by May 8, 2024, but was only shared with them on April 1, 2025, almost a year late. Rodriguez and Hill were charged in February of 2024 and arrested in April for allegedly facilitating over $2 billion in unlawful transactions, including $100 million linked to online black markets and scams, through Samourai’s crypto-mixing technology. Both men pleaded not guilty. Samourai Wallet website Their lawyers argue that FinCEN explicitly told prosecutors in a call that the Samourai app, which does not take custody of funds or hold private keys, would not be considered an MSB. According to a prosecutor's email summarizing that call, FinCEN representatives said that without custody, Samourai would likely not require a license, and that any attempt to argue otherwise would be legally difficult due to lack of precedent. The defense is now requesting a court hearing to examine the government's delayed disclosure and explore potential remedies. They also plan to renew a motion to dismiss the case, due to the new evidence and a recent Justice Department policy shift. In an April 7 memo , Deputy Attorney General Todd Blanche stated that prosecutors should not pursue cases against crypto mixers for accidental regulatory violations. The defense argues that if Samourai was never required to register as a money transmitter under FinCEN’s own guidance, the entire basis of the criminal charges collapses. Both sides already asked the court for more time on April 28 to consider whether to continue the case in light of the Justice Department’s changing stance on crypto enforcement. OpenSea CEO Slams SEC Others in the industry are also not very happy with how crypto enforcement was treated. OpenSea CEO Devin Finzer recently criticized the US Securities and Exchange Commission’s (SECs) prior approach to crypto regulation, and described it as overly broad and harmful to innovation. In a recent interview , Finzer argued that under the Biden administration, the SEC unfairly targeted legitimate players in the digital asset space, including OpenSea, by treating all digital assets with a one-size-fits-all approach. This, he said, created a persistent regulatory overhang that stifled progress in the sector. OpenSea CEO Devin Finzer OpenSea received a Wells notice from the SEC in 2024, signaling a potential enforcement action over claims that it operated as an unregistered securities exchange. Finzer pushed back against the charge, and called it an example of “regulation by enforcement.” Finzer is very optimistic that the new leadership under SEC Chair Paul Atkins will take a more nuanced and innovation-friendly stance. He firmly believes that there is a need for regulation that protects consumers while still allowing space for experimentation and growth. Since the transition to the Trump administration, the SEC greatly reduced its legal pressure on crypto firms, including dropping cases against Coinbase, Kraken, Uniswap, Yuga Labs, and OpenSea. It even dismissed its years-long battle with Ripple. This change followed strong support from the crypto industry during the 2024 US elections, with pro-crypto candidates receiving over $119 million in donations. While the broader crypto market suffered after the FTX collapse in 2022 , Finzer is still confident in the long-term future of NFTs. He said that despite low trading volumes, innovation in areas like gaming and digital art continues to thrive. OpenSea, meanwhile, is now working to expand beyond NFTs to support a wider range of on-chain assets. SafeMoon Trial Opens During DOJ Shake-Up The US Attorney’s Office for the Eastern District of New York (EDNY) underwent a leadership change just as the criminal trial of former SafeMoon CEO Braden John Karony is set to begin. On May 5, the office announced that Joseph Nocella will take over as interim US Attorney for a period of 120 days or until a Senate-confirmed nominee is appointed. Statement from the United States Attorney’s Office Nocella was appointed by President Donald Trump, replacing Acting US Attorney John Durham. He vowed to focus on prosecuting narcotics traffickers, gang members, terrorists, and other serious offenders. The timing of Nocella’s appointment happened as jury selection begins in the high-profile crypto fraud case against Karony. This raised some questions about whether the leadership transition could affect the prosecution’s direction. SafeMoon CEO Braden John Karony Karony, along with co-defendants Kyle Nagy and Thomas Smith, was indicted in November of 2023 on charges of securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy. Prosecutors allege the trio misappropriated millions of dollars’ worth of SafeMoon (SFM) tokens between 2021 and 2022. Karony maintained his innocence and has been out on a $3 million bond since February of 2024. Earlier this year, Karony asked the court to consider delaying the trial due to proposed changes to US securities laws under the Trump administration, which he argued could influence the legal grounds of the case. However, jury selection is proceeding as scheduled under US Magistrate Judge James Cho, with District Judge Eric Komitee set to oversee the full trial starting May 6. While EDNY has not traditionally been the focal point for high-profile crypto enforcement actions, it has handled several cases involving digital assets, including a SEC complaint against Hex founder Richard Heart. Its neighboring jurisdiction, the Southern District of New York, will oversee the sentencing of former Celsius CEO Alex Mashinsky on May 8.
Crypto analyst Ali, known for his market insights under the handle @ali_charts, has released a chart showing that most traders on Binance Futures continue to hold long positions on XRP. In a tweet posted on May 3, Ali highlighted that 71.54% of traders with open XRP positions are betting on the price going up. Only 28.46% are taking short positions. The resulting long/short ratio stands at 2.51. 71.54% of traders on Binance Futures with open $XRP positions are leaning bullish! pic.twitter.com/zDHbN1o1sl — Ali (@ali_charts) May 4, 2025 This data indicates a significant bullish bias among traders using the Binance Futures platform. The long/short ratio is a metric that helps gauge market sentiment by comparing the number of accounts holding long positions versus those holding short positions. A ratio above 1 suggests more traders are expecting price appreciation, while a ratio below 1 indicates bearish expectations. At 2.51, the current figure shows that more than twice as many traders are betting on an XRP price increase than a decline. The chart shared by Ali also reflects the movement of this ratio over time. At earlier timestamps, the bullish dominance was slightly lower, with a visible decline before rebounding and stabilizing above the 2.0 mark. This recent shift upward in the long/short ratio shows increasing confidence among long-position holders. Price Performance Diverges from Trader Sentiment Interestingly, this bullish sentiment appears to be forming in contrast to recent price performance. According to CoinMarketCap data, XRP has declined by 4.34% over the past seven days and by 0.37% in the last 24 hours. These figures show that despite the falling price trend, many traders maintain their optimistic outlook. The divergence between market sentiment and price action could be interpreted in many ways. Some traders might view the recent decline as a short-term correction within a broader bullish structure. In contrast, others may expect a price rebound based on technical indicators or anticipated news developments related to XRP or the crypto market. Implications for the Market The dominance of long positions can impact price movements if sentiment begins to unwind or traders begin to take profits. If the price continues to drop despite long-term exposure, there may be an increased risk of liquidations, which could intensify downward pressure in the short term. Conversely, if market conditions begin to favor upward movement, the current positioning could lead to rapid price recovery, amplified by the existing bullish bias. It is worth noting that while the long/short ratio provides useful insights into trader sentiment, it does not predict price direction on its own. It should be interpreted alongside broader market indicators and price trends. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post 71.54% of XRP Futures Traders On Binance Are Bullish appeared first on Times Tabloid .
The Israel-based eToro Group says it’s looking for a valuation of up to $4 billion with its initial public offering in the US, as the stock and crypto trading platform forges ahead with listing on the Nasdaq. The company and existing stockholders are aiming to raise $500 million through offering a total of 10 million shares priced between $46 to $50 apiece, eToro said on May 5. A filing with the US Securities and Exchange Commission shows eToro is offering 5 million shares, with a further 5 million being put up by the likes of the company’s co-founder and CEO, Yoni Assia; his brother and executive director, Ronen Assia; along with venture firms Spark Capital, BRM Group and Andalusian Private Capital, among others. The company offers stock and crypto trading targeting retail and plans to list on the tech-heavy Nasdaq Global Select Market under the ticker “ETOR.” It's slated to compete with Robinhood Markets Inc. (HOOD), which saw crypto trading dip in the first quarter but whose shares have climbed by nearly 30% so far this year, according to Google Finance. In the filing, eToro said some BlackRock funds and accounts indicated interest in buying up to $100 million worth of shares at IPO . eToro has also put aside 500,000 shares to sell through a directed share program, typically targeted at employees. The company reported that its revenue from crypto in 2024 was $12.1 billion, up from $3.4 billion in 2023. It expected crypto to account for 37% of its commission from trading activity in the first quarter of 2025, down from 43% in the year-ago quarter. Source: Matthew Sigel In a section of its filing listing possible risks to the business, eToro warned its users could leave, or it could struggle to get more users, due to negative perceptions of the cryptocurrencies it lists, “either as a result of media coverage or by experiencing significant losses.” Other crypto-related risks the eToro flagged included US state-level crypto regulation, which it said “may place strain on our resources and make it difficult to operate in certain jurisdictions, if at all.” It also said it expects “to continue to incur significant costs” due to the European Union’s Markets in Crypto-Assets ( MiCA ) laws “on an ongoing basis.” IPOs ready to push after Trump tariff jolt EToro initially made confidential filings with the SEC in January for a public offering, before publicly announcing the plans on March 24. The company reportedly delayed its IPO after President Donald Trump’s April 2 “Liberation Day” tariff announcements tanked global markets and stopped many in-the-works public offerings. Related: Are Donald Trump’s tariffs a legal house of cards? Crypto companies are also lining up to go public, with stablecoin issuer Circle filing on April 1 but then pausing its plans amid the uncertainty. Crypto exchange Kraken is also reportedly considering a public offering for early next year, which has accelerated its plan with Trump’s election. EToro’s public offering is led by Goldman Sachs, Jefferies, UBS Investment Bank and Citigroup. Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
The introduction of a new draft bill signals a pivotal shift in crypto regulation, aiming to reduce market dominance and enhance consumer protections. This legislation further refines the definitions of
Bitcoin and crypto markets could face headwinds preventing new peaks if certain scenarios play out, wrote Bitcoin researcher and author Timothy Peterson. The economist provided the analysis to counter his bullish prediction that BTC could reach $135,000 in the next three months or so. Continued poor or declining sentiment could impact crypto markets should things not improve soon. The UMich consumer sentiment survey is bad, trending worse, while the AAII investor sentiment is 20% bullish, 60% bearish, “a huge gap and also trending worse,” he observed . Meanwhile, the NAAIM Equity Exposure index is a respectable 60% allocation to equity, “but still well below the 80% associated with bull markets,” he said. Three things that could prevent a new Bitcoin ATH. Thing 1: Continued poor or declining sentiment. UMich consumer sentiment survey is bad trending worse; AAII investor sentiment is 20% bullish, 60% bearish, a huge gap, and also trending worse. NAAIM Equity Exposure index is a… https://t.co/T3jdA3khyn pic.twitter.com/AOVOra1jBb — Timothy Peterson (@nsquaredvalue) May 3, 2025 The Fed and Event Risk The Federal Reserve could also impact Bitcoin prices since markets have already priced in approximately three rate cuts for the remainder of 2025. “Risk assets have rallied on the expectation that looser monetary policy will return, boosting liquidity and supporting higher multiples,” he said before adding Bitcoin’s recent strength reflects this forward-looking optimism. However, if the Fed fails to deliver these cuts, the market narrative will shift, choking these speculative flows. “For Bitcoin, which thrives on liquidity and risk appetite, the absence of rate cuts could stall momentum or even trigger a drawdown.” The Fed is expected to keep rates unchanged at its meeting on Wednesday, May 7. Finally, event risk, or unforeseen macro-level shocks that cannot be predicted in timing or magnitude, can cause severe disruption to financial markets. “For Bitcoin, these risks bypass conventional forecasting tools and risk models, creating sharp breaks from trend behavior.” Peterson cited examples that included nuclear accidents, large-scale terrorist attacks on critical infrastructure, cyberattacks on financial systems, another pandemic, or massive natural disasters. Bitcoin behaves like a “high-beta asset” under these conditions, “subject to indiscriminate selling, access limitations, and temporary narrative collapse,” he said , concluding the analysis on May 5. BTC Price Outlook Doom and gloom aside, Bitcoin was still trading within its rangebound channel, where it has been for the past fortnight. The asset has swung from below $93,750 in late trading on Monday to retap $95,000 during Tuesday morning trading in Asia. BTC had retreated slightly at the time of writing when it was changing hands for $94,380, according to CoinGecko. The post 3 Things That Could Prevent a Bitcoin All-Time High This Year appeared first on CryptoPotato .
As May 2025 approaches, investor sentiment is sharpening around high-utility digital assets with lasting fundamentals. Leading this shift are Cardano (ADA) , Solana (SOL) , Ethereum (ETH) , and Chainlink (LINK) —four assets showing consistent resilience and momentum. With bullish signals flashing across multiple sectors, these names are quickly becoming top contenders in the current market rotation. MAGACOINFINANCE – Rising Fast With Strategic Precision Amid this rotation toward high-conviction assets, MAGACOINFINANCE is emerging as a powerful early-stage entry point. With a $0.007 projected listing , MAGACOINFINANCE is quickly earning attention across Telegram groups, influencer channels, and portfolio trackers. This isn’t a fleeting meme or pump—this is calculated positioning. Backed by real branding, community traction, and a growing base of committed early holders, MAGACOINFINANCE is becoming one of 2025’s most watched altcoins. Cardano (ADA) – Quiet Progress With Expanding Ecosystem Cardano has reasserted itself as a leading Layer-1 platform. With 130,000+ smart contracts deployed and the continued rollout of Hydra scaling , ADA is positioning for long-term functionality. Analysts are noting a resurgence in user activity and institutional attention—making Cardano a serious consideration for investors seeking stability with growth potential. Solana (SOL) – High Throughput and Rising Utility Solana has regained momentum following its 41% April surge , trading between $145–$150 . It continues to dominate in NFT issuance, high-speed retail transactions, and stablecoin settlements. With improved uptime and a reinvigorated developer community, SOL is being recognized not just for speed—but for strategic impact in scalable infrastructure. Ethereum (ETH) – The Backbone of Decentralized Innovation Trading near $1,765 , Ethereum remains central to blockchain infrastructure. From Layer-2 scaling solutions to ETF momentum , ETH’s fundamentals continue to strengthen. Whales are accumulating, gas fees are stabilizing, and developer activity is reaching new highs. As institutional flows increase, many analysts forecast Ethereum breaking $2,500–$3,000 in the months ahead. Chainlink (LINK) – The Indispensable Data Layer Chainlink continues to lead the oracle space with unmatched utility. As Web3 expands across industries, LINK’s Chainlink Functions is enabling new enterprise applications in gaming , DeFi , and real-world data tokenization . For long-term holders, Chainlink’s role as a foundational middleware solution is becoming more evident with each integration. Final Thoughts Cardano, Solana, Ethereum, and Chainlink are providing structure and utility in a market seeking clarity. But for those with an eye toward early opportunity and asymmetric upside, MAGACOINFINANCE is emerging as one of the standout narratives of 2025. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Solana, Ethereum, and XRP Are Showing Signs of Accumulation Ahead of a Market Reversal