A recent poll indicates that financial experts remain skeptical if Shiba Inu is able to overtake Dogecoin in value. The poll, conducted by Finders, surveyed 14 finance experts for their opinion on whether SHIB will ever overtake DOGE in market capitalization. Their findings? A whopping 79% of the total participants believe that Shiba Inu will never flip Dogecoin in the area of market capitalization. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Survey Reports Overwhelming Consensus Against SHIB Flipping DOGE The results point to a distinct stance by the majority of experts. A mere 7% of those polled showed confidence that SHIB would at some point in the future surpass DOGE, and these few stalwarts predicted it could occur as soon as 2026. The other 14% were uncertain about SHIB’s fate. The overwhelming rejection of Shiba Inu’s ability to replace DOGE as the leading meme coin mirrors wider market opinion regarding the two tokens. Supply Issues Present Major Hurdle For Shiba Inu Huge challenges in the SHIB token supply are one potential consideration preventing overtaking Dogecoin, Dr. Sathvik Vishwanath, Unnocoin’s jurisdictional head, disclosed. Consider the circulating supply of SHIB at 589.25 trillion versus just 148.82 billion for DOGE: the supply gap is massive. Vishwanath said that despite Shiba Inu’s excellent tokenomics and solid community support, the massive token supply keeps SHIB from taking over DOGE’s market cap. Huge Disparity In Current Market Position At present, Dogecoin is at the eighth position among cryptos with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a market capitalization of $7.3 billion. SHIB would have to increase its worth by 240% to reach DOGE’s current rank by assuming that Dogecoin’s price remains constant, and both tokens share the same circulating supply. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Current Whale Activity Suggests Possible Turnaround Contrary to the negative expectations of analysts, new trading statistics show a significant Shiba Inu rise. According to IntoTheBlock, with whales dominating, SHIB daily trade volume rose to 224 billion tokens in 24 hours. Inflows from large-holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rise in interest from major investors could be a sign of changing sentiment as whales will set up before they anticipate a move in prices. This isn’t the first time these cryptocurrencies have seen conflicts regarding superiority. In 2021, Shiba Inu briefly dethroned Dogecoin when its market cap touched $39 billion. Alas, this victory was short-lived as DOGE quickly reclaimed the title of the number one meme coin. Featured image from Pixabay, chart from TradingView
The drop below $0.71 meant that PI was expected to test $0.59 and $0.55 as support next.
With the crypto market gaining bullish momentum once again, smart investors are turning their attention to three altcoins primed for major moves in 2025, XRP, Cardano (ADA), and Mutuum Finance (MUTM). XRP, trading around $2.3, is benefiting from renewed institutional interest and clearer regulatory standing. ADA, at $0.64, is backed by steady ecosystem growth and expectations of long-term scalability. But the biggest dark horse is Mutuum Finance (MUTM). The presale for the altcoin MUTM is currently ongoing, with tokens being sold at $0.025, and the platform has raised $6.8 million to date. Over 8,300 investors are taking part, and many expect the price to increase to $0.03 in the upcoming phase. Investors in this stage could see up to a 140% return when the token’s anticipated launch price of $0.06 is reached. As bullish sentiment rises, these three could be at the front of the next breakout wave. Mutuum Finance: A New DeFi Behemoth in the Making Mutuum Finance transforms the decentralized lending world through its exceptional dual borrowing system which drives broad market adoption. Mutuum Finance gained support from over 8,300 investors during its presale period which has resulted in raising $6.8 million for the project. Early adopters who participate in Phase 4 will benefit from monumental gains because the token price is $0.025 but Phase 5 will bring it to $0.03. According to experts MUTM has the potential to reach more than $5 by the end of this year beginning at its initial offering price of $0.06 due to its innovative lending system which addresses the growing requirements of DeFi platforms. The game-shifting model of Mutuum Finance drives its increasing popularity because it operates as a solid token although undervalued. A dynamic leaderboard showing the top 50 MUTM holders has been introduced by MUTM. Token holders who succeed at keeping their position will receive bonuses that enhance both their position value and long-term commitment to MUTM. The rising interest of investors in projects focused on utility instead of hype showcases MUTM’s ability to demonstrate profitable substance-based cryptocurrency initiatives. Disrupting DeFi Lending with a Two-Model Approach Mutuum Finance is revolutionizing the DeFi lending landscape with its innovative merge of Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models. The P2C model is enabling users to earn passive income by lending their USDT through automated liquidity pools managed by smart contracts. The P2P model, meanwhile, is enabling users to conduct direct transactions among themselves without the need for intermediaries, providing users with greater control over their assets. By incorporating these two systems, Mutuum Finance streamlines its decentralized operations and offers investors lucrative opportunities to maximize their gains. In a bid to boost its user numbers, Mutuum Finance is actively rolling out attractive incentive programs. The platform has allocated $100,000 to reward ten lucky investors with $10,000 worth of MUTM tokens. There is also a referral program that offers rewards for bringing in new users to the platform. Early adopters enjoy exclusive privileges, including priority access to staking pools, governance rights, and VIP updates that further their engagement with the community. A Secure and Trusted Financial Ecosystem An innovative collateralized USD-backed stablecoin through Mutuum Finance will become available on the Ethereum blockchain when it launches. The stablecoin possesses long-term price stability because its collateral value exceeds the currency amount it represents unlike insolvent algorithmic solutions. Mutuum Finance implements strict smart contract auditing and public financial mechanics through which users can identify numerous faults that affected DeFi projects previously. Mutuum Finance establishes security features that guarantee its network and systems will be trusted by investors. As the crypto market gains momentum, XRP, Cardano (ADA), and Mutuum Finance (MUTM) are set to rise in 2025. MUTM, currently priced at $0.025, has raised $6.8 million in its presale, attracting over 8,300 investors. With a projected price increase to $0.03, early buyers could see 140% returns by launch at $0.06. MUTM is poised to be a major DeFi player, don’t miss out. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
On April 17th, COINOTAG News reported a significant movement in the crypto market as an active whale account made headlines. After a prolonged period of inactivity spanning over two and
The global economic landscape is bracing for a potentially seismic shift as the United States reportedly embarks on an ambitious strategy to reshape international trade flows. News emerging from a Wall Street Journal report, highlighted by Walter Bloomberg, indicates that the U.S. government is engaging in trade negotiations with over 70 countries. The objective? To establish a united front aimed at limiting China exports through these nations. For those in the cryptocurrency and broader financial markets, this development signals a potentially significant period of volatility and strategic realignment. What exactly does this mean, and how could it ripple through the global economy and potentially touch the crypto space? Decoding the US Strategy to Limit China Exports At its core, this U.S. initiative appears to be a strategic move to diversify supply chains and reduce reliance on China exports . The specifics of these trade negotiations remain somewhat under wraps, but the sheer scale – involving over 70 countries – suggests a comprehensive and coordinated effort. Let’s break down what we understand so far: Broad Coalition: Negotiating with 70+ countries signifies a major diplomatic and economic undertaking. This isn’t a bilateral agreement, but a multilateral approach aimed at creating a substantial bloc. Targeting Exports: The focus on limiting China exports suggests a desire to curb China’s economic influence in key sectors and potentially encourage businesses to relocate or diversify production outside of China. Geopolitical Implications: This move has profound geopolitical implications. It could be interpreted as an escalation of trade tensions between the U.S. and China and could reshape global alliances and trade relationships. Economic Restructuring: Success in these trade negotiations could lead to a significant restructuring of global supply chains, impacting businesses, consumers, and economies worldwide. Why is the US Pursuing this Aggressive Trade Policy? Several factors likely underpin this assertive US trade policy . Understanding these motivations is crucial to grasping the potential long-term impact: National Security Concerns: A key driver is likely national security. Reducing dependence on a single nation, especially for critical goods and technologies, is seen as vital for national security and resilience. Economic Competition: The U.S. and China are engaged in intense economic competition. Limiting China exports can be viewed as a strategy to level the playing field or regain a competitive edge in certain industries. Supply Chain Resilience: The COVID-19 pandemic exposed vulnerabilities in global supply chains. Diversifying away from concentrated sources like China is seen as a way to build more resilient and robust supply chains. Human Rights and Ethical Concerns: While less explicitly stated in the immediate news, human rights and ethical concerns related to manufacturing practices in some regions might also play a role in the broader strategy of diversifying supply chains. Potential Benefits and Challenges of Limiting China Exports This US trade policy , if successful, presents both potential benefits and significant challenges on a global scale. Let’s examine both sides: Potential Benefits: Supply Chain Diversification: A major benefit is the potential for more diversified and resilient global supply chains. This could reduce vulnerability to disruptions caused by geopolitical events, pandemics, or natural disasters concentrated in a single region. Boost to Other Economies: As companies seek alternatives to China exports , other countries could see a boost in manufacturing and export opportunities. Nations in Southeast Asia, India, and Latin America could potentially benefit. Reduced Reliance on Single Source: For individual nations and businesses, reducing over-reliance on a single source for critical goods can enhance economic security and reduce risks. Significant Challenges: Global Economic Disruption: Restructuring global trade on this scale will inevitably cause disruption. Supply chains will need to be reconfigured, which can lead to temporary shortages, price increases, and economic uncertainty. Increased Costs: Moving production and sourcing away from established centers like China could lead to higher production costs, which could be passed on to consumers in the form of inflation. Geopolitical Tensions: This US trade policy could further escalate geopolitical tensions with China, potentially leading to retaliatory measures and broader global instability. Implementation Complexity: Coordinating trade negotiations with 70+ countries is a massive undertaking. Ensuring consistent policies, enforcement, and managing diverse national interests will be incredibly complex. Impact on Global Trade and the Crypto Market The ramifications of these trade negotiations are far-reaching and will undoubtedly impact global trade . Here’s how this could potentially intersect with the cryptocurrency market: Economic Uncertainty and Safe Havens: Periods of economic uncertainty often see investors flock to assets perceived as safe havens. Cryptocurrencies, particularly Bitcoin, are sometimes viewed as such. Increased volatility in traditional markets due to trade tensions could drive interest in crypto. Inflationary Pressures: If supply chain shifts lead to increased costs and inflation, cryptocurrencies, often touted as inflation hedges, might gain traction. Decentralization Narrative: The move towards economic decoupling and regionalization could strengthen the narrative around decentralization, a core tenet of many cryptocurrencies. Cross-Border Transactions: In a world with potentially shifting trade blocs, cryptocurrencies could become more appealing for cross-border transactions, offering an alternative to traditional financial systems that might be affected by trade barriers and sanctions. However, it’s crucial to remember that the crypto market is also sensitive to broader economic downturns. A significant global recession triggered by trade wars could negatively impact all asset classes, including cryptocurrencies. Actionable Insights: Navigating the Shifting Trade Landscape For investors, businesses, and individuals navigating this evolving global trade landscape, here are some actionable insights: Monitor Developments Closely: Stay informed about the progress of these trade negotiations and the reactions from various countries and economic blocs. News outlets like the Wall Street Journal and financial news services are crucial sources. Diversify Investments: Diversification is key in times of uncertainty. Consider diversifying investment portfolios across different asset classes and geographies to mitigate risks associated with trade volatility. Assess Supply Chain Vulnerabilities: Businesses should assess their supply chain vulnerabilities and explore diversification options to reduce reliance on potentially affected regions. Consider Crypto’s Role: Evaluate the potential role of cryptocurrencies in your investment strategy, considering their potential as hedges against economic uncertainty and inflation, but also acknowledging their inherent volatility. Conclusion: A New Era of Global Trade? The U.S. initiative to negotiate with 70 countries to limit China exports marks a potentially pivotal moment in global trade . While the full implications are yet to unfold, it’s clear that the world is entering a period of significant economic and geopolitical realignment. For those in the cryptocurrency space and beyond, understanding these shifts and adapting to the evolving landscape will be crucial. This is a story that will continue to develop, and staying informed and agile will be paramount in navigating the changes ahead. To learn more about the latest global economic trends, explore our article on key developments shaping international finance and trade.
On April 17th, COINOTAG reported that the Bitcoin Reserve Bill, known as HB 92, has received approval from the House Pensions and Retirement Committee in North Carolina. This legislative move
In a stunning display of international cooperation, the U.S. Secret Service and Canadian authorities have jointly dismantled a sophisticated Ethereum phishing scam that swindled victims out of a staggering $4.3 million. Dubbed “Operation Avalanche,” this initiative highlights the growing global effort to combat crypto scam activities and safeguard the burgeoning digital asset space. But how did they do it, and what does this mean for you and your cryptocurrency holdings? What Exactly is an Ethereum Phishing Scam? Before diving into the details of Operation Avalanche, let’s understand the mechanics of an Ethereum phishing scam . Imagine receiving an email or a message that looks legitimate – perhaps from a popular crypto platform or even a decentralized application (dApp) you use. This message might urge you to “verify your wallet,” “update your security settings,” or claim you’ve won a reward. Sounds enticing, right? However, clicking on the link embedded in such a message leads you to a fake website – a near-perfect replica of the real platform. Here’s where the trickery comes in: Fake Approval Requests: These websites are designed to trick you into approving malicious transactions that drain your Ethereum wallet. Often, these are disguised as harmless requests to connect your wallet or approve a small transaction. Blind Signing Exploits: Sophisticated phishing scams exploit “blind signing,” a feature in many crypto wallets. When you blindly sign a transaction, you are essentially authorizing it without fully understanding its details. Scammers use this to get you to approve transactions that transfer your assets to their wallets. Emotional Manipulation: Phishing scams often play on emotions like fear (of losing access to your account) or greed (the promise of free crypto) to cloud your judgment and rush you into making mistakes. The result? Your hard-earned Ethereum vanishes into the pockets of cybercriminals. This is precisely what “Operation Avalanche” aimed to stop. Operation Avalanche: A Bold Strike Against Crypto Scams “Operation Avalanche” wasn’t just a lucky break; it was a meticulously planned and executed joint effort. The U.S. Secret Service and Canadian authorities spearheaded this operation, demonstrating a robust collaboration to tackle the rising tide of crypto scams . Here’s a breakdown of what made this operation a success: Joint International Effort: The partnership between U.S. and Canadian law enforcement is a crucial aspect. Cybercrime knows no borders, and this joint operation highlights the necessity of international cooperation to combat it effectively. Multi-Agency Collaboration: Beyond just law enforcement, “Operation Avalanche” involved a diverse range of stakeholders, including financial regulators, local police departments, cryptocurrency platforms, and blockchain analysis firms like The Block. This multi-pronged approach was vital for tracing funds, identifying victims, and shutting down the scam network. Proactive Victim Warning: A key element of the operation was not just disrupting the scam but also proactively warning potential and actual victims. By identifying compromised wallets and alerting users, authorities aimed to minimize further losses and raise awareness about cryptocurrency security . Focus on Ethereum Approval Phishing: The operation specifically targeted Ethereum approval phishing scams, recognizing the prevalence and financial impact of this particular type of fraud within the Ethereum ecosystem. Why is Cryptocurrency Security More Important Than Ever? The success of “Operation Avalanche” is a victory, but it also serves as a stark reminder of the ever-present threats in the crypto world. Cryptocurrency security should be your top priority if you are involved in digital assets. Here’s why: Decentralization and Responsibility: Unlike traditional banking, cryptocurrency operates on a decentralized system. This means you are solely responsible for the security of your digital assets. There’s no central authority to reverse transactions or bail you out if you fall victim to a scam. Irreversible Transactions: Cryptocurrency transactions are typically irreversible. Once funds are sent, they are gone. This makes it crucial to be extra vigilant and double-check every transaction before approving it. Growing Sophistication of Scams: As the crypto space matures, so do the tactics of scammers. Phishing scams are becoming increasingly sophisticated, making it harder to distinguish legitimate requests from fraudulent ones. Staying informed and adopting robust security practices is essential for digital asset protection . High-Value Targets: The increasing value of cryptocurrencies like Ethereum makes them attractive targets for cybercriminals. A successful phishing scam can result in significant financial losses, as highlighted by the $4.3 million stolen in this case. Actionable Insights: How to Protect Yourself from Crypto Phishing Scams Learning about “Operation Avalanche” is informative, but how can you translate this knowledge into practical steps to enhance your digital asset protection ? Here are some actionable insights: Security Measure Description Benefit Verify Website URLs: Always double-check the website address in your browser’s address bar. Phishing sites often use slightly altered URLs that are easy to miss at first glance. Prevents you from landing on fake websites designed to steal your credentials or trick you into signing malicious transactions. Enable Two-Factor Authentication (2FA): Activate 2FA on all your crypto exchange accounts, wallets, and related services. Adds an extra layer of security beyond just passwords, making it significantly harder for hackers to access your accounts even if they obtain your password. Use Hardware Wallets: Store your cryptocurrencies offline on a hardware wallet. Hardware wallets keep your private keys offline, making them virtually immune to online phishing and hacking attempts. Be Skeptical of Unsolicited Messages: Be wary of emails, messages, or pop-ups asking for your private keys, passwords, or to approve transactions urgently. Legitimate platforms will rarely, if ever, ask for such sensitive information through these channels. Helps you identify and avoid phishing attempts that rely on urgency and emotional manipulation. Learn About Blind Signing Risks: Understand the risks associated with blind signing and carefully review transaction details before approving them, especially for unfamiliar platforms or requests. Reduces the risk of unknowingly approving malicious transactions that drain your wallet. Stay Informed: Keep up-to-date with the latest cryptocurrency security threats and best practices. Follow reputable crypto news sources and security blogs. Empowers you with the knowledge to recognize and avoid emerging scam tactics. The Future of Crypto Security: Lessons from Operation Avalanche “Operation Avalanche” is more than just a successful bust; it’s a valuable case study in the ongoing battle against crypto scams . It underscores the importance of proactive measures, international collaboration, and continuous vigilance in the digital asset space. As the crypto landscape evolves, so too will the tactics of cybercriminals. However, operations like this demonstrate that law enforcement and the crypto community are also adapting and innovating to protect users and maintain the integrity of the ecosystem. The fight against Ethereum phishing scam and other forms of crypto fraud is far from over. But with increased awareness, enhanced security practices, and collaborative efforts like “Operation Avalanche,” we can collectively build a safer and more secure future for cryptocurrency. To learn more about the latest cryptocurrency security trends, explore our article on key developments shaping crypto security best practices.
The U.S. Customs and Border Protection is seemingly contradicting President Donald Trump’s statement on the daily revenue generated by his latest round of tariffs. According to the agency in a statement to CNBC on Monday, the CBP has collected over $500 million since April 5 under the new reciprocal tariffs, contributing to more than $21 billion in total tariff revenue from 15 presidential trade actions implemented since Jan 20, 2025. The update comes after a 10-hour glitch in the finance system The statement from the CBP regarding how much it has raised follows a glitch in the finance system that lasted a total of ten hours. The glitch prevented U.S. importers from inputting a code that would have spared freight that was already on the water from getting slammed with higher duties. This should have impacted the revenue stream, but according to the CBP’s statement, even during the glitch, its average $250 million/day revenue stream remained “uninterrupted.” The statement directly contradicts what Trump, famous for his embellishments, has said about the revenues. According to the 47th American president, the United States is currently raking in at least $2 billion per day from tariffs, including revenues directly resulting from his so-called “reciprocal” tariffs. He reportedly made the statement repeatedly even though the most recent data released on Monday by the Treasury Department confirms the department’s daily statement of total deposits listed under “Customs and Certain Excise Taxes” as $305 million. All tariffs are collected by U.S. Customs at the point of entry. New trade policies for the pharmaceutical industry expected amid tariff wars In early April, the Trump administration saw fit to impose steep sweeping tariffs on dozens of countries it does business with. Then, while the world adjusted to the new development, the administration took a step back hours later, temporarily lowering most tariff rates to a universal 10%, except for tariffs on China, which it ratcheted up citing its retaliation as the reason. Meanwhile, the administration maintained sector-specific tariffs on the automotive industry and is expected to announce new trade policies for the pharmaceutical industry. In the meantime, China continues to resist. When the U.S. significantly increased tariffs on Chinese imports, with rates reaching at least 125% on all goods, including a 90% levy on packages under $800 previously exempt under the “de minimis” rule, China retaliated with tariffs on U.S. goods, escalating from 34% to 84%, and then to 125% effective April 12, 2025. pic.twitter.com/gF04Nqoyvb — Chinese Embassy in US (@ChineseEmbinUS) April 16, 2025 China’s Commerce Ministry says the country is prepared to “fight to the end,” but it may be willing to forget the drama if Trump is ready to “completely cancel” his tariffs regime, and “return to the right path of mutual respect”. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The Bitwise Q1 2025 report highlights notable growth in specific cryptocurrency sectors. Increased institutional interest is seen through rising volumes in Bitcoin futures. Continue Reading: Cryptocurrency Ecosystem Sees Surprising Growth Despite Market Challenges The post Cryptocurrency Ecosystem Sees Surprising Growth Despite Market Challenges appeared first on COINTURK NEWS .
In a significant development within the regulatory landscape, the U.S. Securities and Exchange Commission (SEC) has announced its third cryptocurrency policy roundtable, set to take place on April 25. The