Thailand’s Securities and Exchange Commission (SEC) has initiated a consultation period to refine regulations permitting crypto exchanges and their affiliates to issue utility tokens, aiming to enhance market transparency and
The largest US-based crypto exchange platform by trading volume is obtaining the proper license to operate in Luxembourg as it establishes a crypto hub in the European Union (EU). In a new blog post , Coinbase announces that it has secured its Markets in Crypto Assets (MiCA) license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), enabling it to operate across all 27 EU member states fully. “This milestone enables us to offer a full suite of crypto products and services to 450 million people across all 27 European Union member states. Luxembourg has always been a key player in Europe’s financial ecosystem, and we’re delighted to share that Coinbase is officially establishing its European crypto hub in this dynamic country, under the Markets in Crypto Assets regulatory framework (MiCA).” According to Coinbase, Luxembourg was chosen because it offers regulatory clarity when it comes to crypto assets, as it has passed four bills in its national legislature related to blockchain technology. “By choosing Luxembourg, we’re positioning ourselves in a jurisdiction that understands the needs of the crypto industry and excels in regulatory clarity. Luxembourg is actively pursuing a whole-of-government approach to blockchain and DLT (Distributed Ledger Technology), and has passed four blockchain-related policies through the national legislature. This new hub represents a landmark step forward for Coinbase in Europe and strengthens the broader innovation ecosystem.” MiCA is a comprehensive regulatory framework that was formally adopted by the European Parliament in 2023 and offers clear guidance on digital assets, stablecoins, crypto wallets, as well as crypto service providers. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top US-Based Crypto Exchange by Trading Volume Coinbase Obtains MiCA License in Luxembourg, Moves European Hub appeared first on The Daily Hodl .
The consultation period comes as Thailand seeks to clarify regulations for the crypto industry.
Will the stablecoin market surge push ETH's value higher?
When Solana (SOL) first entered the crypto market, many dismissed its potential, only to watch it skyrocket into one of the leading blockchain platforms. Ruvi AI (RUVI) is now generating similar excitement, but this time with a focus on utility-driven innovation combining blockchain technology and artificial intelligence (AI) . Analysts are confident that Ruvi AI could deliver a 66x ROI , with predictions that it might reach $1 per token post-listing , offering early adopters a second chance to invest in a revolutionary project. Why Ruvi AI Is Drawing Comparisons to Solana Solana gained prominence for delivering high-speed blockchain solutions. Similarly, Ruvi AI is entering the scene with a powerful offering, integrating blockchain with AI to address real-world challenges in marketing , entertainment , and finance . This practical utility ensures sustained demand for its token, setting it apart in a market crowded with speculative assets. What solidifies Ruvi AI as a serious investment contender is its structured growth model , which offers clear milestones. Currently priced at $0.015 per token during Phase 2 of its presale , Ruvi AI presents an affordable entry point for investors. Once the presale ends, the token will be priced at $0.07 , an almost 5x return before exchange listing. Analyst forecasts of a $1 per token valuation post-listing aim to position Ruvi AI as a game changer in the crypto market, yielding incredible returns. Presale Success Highlights Investor Confidence Ruvi AI’s performance during its presale phase is a testament to its potential. The project has already: Raised over $1.9 million Sold more than 160 million tokens Attracted a community of over 1,600 holders The guaranteed $0.07 price post-presale underscores Ruvi AI’s commitment to transparency, ensuring investors can anticipate returns with reduced risks, unlike many speculative projects. Amplify Earnings With VIP Investment Tiers To reward early contributors, Ruvi AI offers VIP investment tiers that provide significant bonuses. These tiers help investors maximize returns: VIP Tier 2 ($750 investment, 40% bonus): Total tokens received: 70,000 (50,000 base + 20,000 bonus). Value at $0.07 per token: $4,900. Value at $1 per token: $70,000. VIP Tier 3 ($2,100 investment, 60% bonus): Total tokens received: 224,000 (140,000 base + 84,000 bonus). Value at $0.07 per token: $15,680. Value at $1 per token: $224,000. VIP Tier 5 ($9,600 investment, 100% bonus): Total tokens received: 1,280,000 (double the allocation). Value at $0.07 per token: $89,600. Value at $1 per token: $1,280,000. These VIP tiers ensure that early investors benefit not just from attractive pricing but also from enhanced profitability as the project progresses. Trust and Transparency as Foundational Pillars Ruvi AI has gone the extra mile to instill trust and security among its stakeholders. The upcoming third-party audit by CyberScope , a trusted blockchain auditing firm, guarantees the project’s reliability and safety for investors. Additionally, Ruvi AI has partnered with WEEX Exchange , ensuring post-presale liquidity , allowing investors to seamlessly trade tokens after listing. These measures make trading easier while showcasing the project’s commitment to accessibility and stability. Real-World Applications That Ensure Growth While many projects rely solely on market trends, Ruvi AI is rooted in practical use cases, driving demand across multiple sectors: Marketing: Businesses can use Ruvi AI’s innovative tools to improve ad targeting, optimize campaigns, and increase ROI. Entertainment: The platform empowers content creators with blockchain verification and AI-driven personalization, generating stronger audience engagement and higher revenue. Finance: Ruvi AI equips financial institutions with AI capabilities for fraud detection, scalability solutions, and transparency improvements, modernizing legacy systems. This multifaceted utility anchors the value of Ruvi AI’s token, ensuring long-term growth and relevance in the evolving crypto ecosystem. Don’t Miss the Opportunity Investors who overlooked Solana’s early potential might regret not seizing a similar opportunity with Ruvi AI. With its $0.015 presale price , $0.07 post-presale valuation , and an expected $1 post-listing target , Ruvi AI offers unmatched potential for exponential growth. Having raised over $1.9 million , sold 160 million tokens , and established key partnerships with CyberScope and WEEX Exchange , Ruvi AI is laying the foundation for becoming a dominant force in the crypto space. If you’re looking for a project that combines transparency, growth, and real-world application, Ruvi AI is your next move. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Doubted Early Solana (SOL)? Don’t Make The Same Mistake With Ruvi AI (RUVI) Predicted To Reach $1 Post Listing appeared first on Times Tabloid .
ChatGPT’s o3 Pro AI model digested 42 live indicators and yielded a focused Ethereum price forecast as ETH hovers near $2,419.57 amid short-term consolidation and longer-term bullish cues. With the RSI near 43 and MACD showing bearish momentum, Ethereum trades between immediate support around $2,485 and resistance near $2,557 . Volume remains moderate at roughly $20.15 billion daily. Source: Cryptonews After oscillating in a $2,480 – $2,547 range today, longer-term EMAs indicate underlying strength as the price sits above the 50, 100, and 200-day EMAs yet below the 20-day EMA. The following analysis was conducted using one of ChatGPT’s AI models, the new o3 pro. The predictions were then reanalyzed and edited together for enhanced readability while maintaining analytical precision. Technical Pulse: Neutral Consolidation Amid Longer-Term Strength Ethereum’s daily chart on Binance reveals a market in a holding pattern. As of June 20, 2025 , ETH trades around $2,432.47 , having opened near $2,523 and swung between a high of $2,547.5 and a low of $2,368.68 . This tight band reflects short-term consolidation after prior moves, with RSI at 43.12 hovering just below neutral and MACD displaying a negative histogram around 45.35 , indicating mild bearish momentum without decisive breakdown. Volatility remains moderate, with daily price swings staying within roughly $180 – $201 , consistent with ATR levels implied by today’s high-low range. Source: Cryptonews Moving averages convey a mixed but overall bullish medium-term structure. The 20-day EMA sits slightly above the price at $2,557 , suggesting short-term resistance and consolidation pressure. In contrast, the 50-day EMA at $2,438 , the 100-day EMA near $2,372 , and the 200-day EMA around $2,476 lie below the current price, indicating that on medium and longer timeframes, the trend retains a bullish orientation. Source: TradingView Price holding above those EMAs argues that dips near $2,438–$2,485 could attract buyers defending the uptrend, while reclaiming the 20-day EMA would signal a resumption of upward momentum toward higher resistance zones. Volume remains moderate at approximately 204,000 ETH traded daily, reflecting steady institutional and retail participation but not yet a surge. Trading within the $2,485–$2,547 range shows a balanced tug-of-war, with sellers cap rallies near the 20-day EMA, while buyers step in near the 50-day EMA or intraday lows. This kind of balance often sets up a breakout once a catalyst appears. For now, the short-term mood is neutral to slightly bearish, yet the broader medium-term uptrend means any drop below immediate support will likely be brief and shallow. Any successful reclaiming of the 20-day EMA could quickly attract momentum traders. Support & Resistance: Defining the Key Zones Immediate support emerges at today’s low around $2,485 . Should that level fail on heavier volume, the next anchor lies near the 50-day EMA ( ~$2,438 ), a zone where buyers may re-enter if the broader uptrend remains intact. Source: TradingView Beneath that, psychological and structural support around $2,400 coincides with a stop-loss region that many traders reference, but a sustained break below the 50-day EMA would shift focus toward deeper corrective territory closer to major support zones around $1,800–$1,900 , though such a move would likely require major negative catalysts given Ethereum’s longer-term strength. On the upside, immediate resistance resides at the 20-day EMA near $2,557 , a hurdle that price has struggled to clear. Beyond this, today’s high at $2,547 marks the short-term ceiling; clearing that area convincingly on strong volume could open a path toward the next major resistance zone between $2,700 and $2,800 , where prior swing highs reside. Above that, strong resistance lies in the $3,200–$3,400 range, levels reached in previous bullish runs but requiring robust catalysts and sustained bullish conviction to revisit. Within the current consolidation, the interplay between support near $2,438–$2,485 and resistance near $2,557 shapes trading dynamics. Traders watching daily closes above $2,557 look for confirmation of renewed upside, while breaches below $2,485 , especially with volume pickup, indicate potential deeper tests of the 50-day EMA. Given moderate volatility, breakout or breakdown beyond these pivot points could occur quickly once momentum shifts, with daily ranges of roughly $60–$70 broadening if ATR expands. Liquidity & Market Depth: Assessing Fuel for Moves Ethereum’s market cap is around $293.41 billion , and daily trading volume exceeds $21.91 billion , which shows deep liquidity across major venues. Binance order-book depth typically absorbs sizable orders with manageable slippage, a necessary condition for sizable moves when volume surges. Institutional participation appears average, with stablecoin flows and on-chain activity reflecting continued usage. Order-book clusters often form around support zones near $2,480–$2,500 , offering a buffer against light sell-offs, while resting asks near $2,550–$2,580 can absorb minor rallies until a catalyst drives stronger buying. Monitoring volume-weighted moving averages in tandem with order-book snapshots can reveal subtle accumulation. If volume-weighted metrics trend upward while price lingers below the 20-day EMA, selective accumulation may be underway despite short-term consolidation. Given deep liquidity, a meaningful breakout above $2,557 would likely require noticeable volume expansion, indicating a shift in conviction. Conversely, a breach of $2,485 supported by higher sell volume could lead to a swift move toward the 50-day EMA at $2,438 . On-Chain Insights: Usage Trends and Network Health Ethereum’s on-chain metrics continue to illustrate robust ecosystem engagement. Source: Etherscan Active address counts and transaction volumes across layer-1 and layer-2 networks reflect ongoing usage. Nearly 1% of circulating ETH is held as a reserve asset on layer-2 networks, while whales are accumulating at rates unseen since 2017 . These behaviors suggest a demand baseline beyond mere speculation, as participants lock up ETH for staking, layer-2 activity, DeFi participation, and reserve strategies. Statements from Ethereum co-founders emphasize Ethereum’s vision as a “master ledger for the world,” underpinned by layer-2 expansion and ecosystem growth. Ethereum Layer 1 will be the master ledger for the . Permissionless to inspect, use and add data or functionality to. Credibly neutral. Censorship resistant. Tamper resistant and tamper evident (via slashing and transparency). Incessantly progressively decentralizing… https://t.co/jMaHHpK2na — Joseph Lubin (@ethereumJoseph) June 19, 2025 Rising stablecoin supply on Ethereum and surges in layer-2 usage indicate that transaction demand may persist or increase, supporting fee-related demand for ETH. At the same time, staking yields and burning mechanisms under EIP-1559 continue to reduce net supply , providing a deflationary tilt that underlies longer-term bullish narratives. However, token unlock schedules or large whale movements warrant attention, as large accumulation by whales can bolster price floors if buying outpaces selling. Yet, any large-scale sell-offs could stress support zones. Overall, on-chain metrics point to a healthy network with sustained usage and structural supply factors that favor longer-term strength, even as short-term price consolidates. Social Sentiment: Gauging Community and Market Mood LunarCrush data for Ethereum reveals a broadly constructive but cautious sentiment environment. A Galaxy Score around 41 suggests a mildly bullish bias, while an AltRank near 380 indicates high engagement relative to other assets. Engagement metrics totaled billions of interactions, and mentions remain elevated in the tens of thousands, with creators numbering nearly 37,570 voices shaping narratives. Sentiment sits around 83% positive or neutral-positive, indicating prevailing optimism tempered by awareness of broader market uncertainty. Social dominance near 13.35% indicates Ethereum’s outsized share of crypto chatter, meaning major news or shifts can drive swift sentiment swings. THE $ETH SETUP IS IDENTICAL TO $BTC IN 2020 Same structure. Same retrace. Same disbelief. Bitcoin went 11x. If Ethereum does the same… you know the number. pic.twitter.com/isvpngSw4K — Merlijn The Trader (@MerlijnTrader) June 19, 2025 Recent commentary points out themes such as Ethereum’s evolving role as layer-1 backbone, strong technical setups compared to historical BTC patterns, and potential breakout scenarios following consolidation in the $2,170–$2,480 zone. In sum, social sentiment reflects confidence in Ethereum’s fundamentals and network potential, but traders remain watchful for confirmation cues. Macro & Ecosystem Catalysts: Potential Triggers Ethereum’s price trajectory will hinge on a mix of ecosystem developments and broader market forces over the coming months. Major catalysts include progress on layer-2 rollouts, prominent DeFi or additional stablecoins launches driving transaction spikes, and announcements around protocol upgrades that enhance scalability or interoperability. Stablecoin supply on $ETH is skyrocketing! pic.twitter.com/uh3TOLv5zn — Crypto Rover (@rovercrc) June 19, 2025 Broader crypto sentiment, influenced by macro liquidity conditions, regulatory clarity around digital assets, and institutional adoption (e.g., ETFs, corporate treasury allocations), also heavily affects Ethereum’s outlook. Given its central role in decentralized finance, geopolitical events influencing risk appetite may also prompt rotations away from or back into Ethereum. Ecosystem dynamics, such as shifts in gas fee economics or competition from other layer-1s, factor into longer-term narratives but are less likely to drive abrupt short-term moves unless tied to concrete network performance data or notable project launches. Three-Month ETH Price Forecast Scenarios Over the next 90 days, Ethereum’s price will likely follow one of three broad paths, shaped by the interplay between technical conditions, on-chain trends, social mood, and macro catalysts. Range-Bound Consolidation (Base Case) In the absence of a decisive catalyst, ETH may trade within approximately $2,400–$2,600. Short-term momentum remains neutral-to-slightly bearish below the 20-day EMA, but medium-term trend stays bullish as price holds above the 50-, 100-, and 200-day EMAs. On-chain usage continues steadily, and social sentiment retains modest optimism without euphoria. Source: TradingView Volume and volatility remain moderate, yielding choppy swings that savvy traders can exploit between support near $2,365–$2,461 and resistance near $2,557–$2,600. Longer-term holders may await clearer directional signals before adding exposure. Bullish Breakout Toward $3,000+ (Bull Case) A convergence of positive factors, such as a sustained surge in layer-2 activity, a major upgrade announcement, or a broad crypto rally fueled by macro liquidity or ETF news, could lift ETH above the 20-day EMA near $2,557. Confirmation requires robust volume expansion pushing price through $2,600 and toward the $2,700–$2,800 zone, where prior resistance resides. On-chain metrics would need to register spikes in transaction volume or staking inflows, while social sentiment (Galaxy Score rising above 60 , engagement uptick) reinforces confidence. Source: TradingView Upon clearing $2,800 , the path to $3,000 and beyond becomes feasible, potentially revisiting multi-month highs if market conditions remain constructive. Traders should manage risk with trailing stops and watch for profit-taking near key resistance zones to guard against sharp pullbacks. Deeper Correction Toward $2,200–$2,300 (Bear Case) Should negative catalysts emerge, such as disappointing ecosystem news, regulatory headwinds, or broader risk-off driving crypto-wide declines, ETH could breach near-term support around $2,485 and test the 50-day EMA near $2,438. Confirmation of deeper weakness would involve volume-backed breakdown below $2,438 , accompanied by RSI falling below 45 and MACD deepening negative. Source: TradingView On-chain signs might show slowed transaction growth or unwind of staking positions, while social sentiment shifts toward caution or fear. In this scenario, the price may retest zones at around $2,300–$2,200 , reflecting deeper consolidation territories. A breach below those could invite further selling pressure toward $2,000 or lower. However, given Ethereum’s structural strength, such moves would likely be met with increased buying interest at perceived value levels. Risk management via stop-loss placement and hedging strategies becomes paramount. ETH Price Forecast: Balancing Technicals, On-Chain Health, and Sentiment Ethereum’s current consolidation reflects a market balancing short-term caution against medium-term bullish undercurrents. Price wedged between roughly $2,485 support and $2,557 resistance underlines a waiting game: will on-chain usage or macro-driven optimism tip momentum upward, or will external headwinds trigger a test of deeper support? Participants should treat each swing as a diagnostic: does price hold near $2,485 on steady or rising transaction volumes? Does reclaiming the 20-day EMA coincide with an uptick in layer-2 activity or a surge in staking inflows? Conversely, does a breach of $2,438 align with waning on-chain metrics or broader crypto weakness? Breakout or Consolidation? Ethereum’s current range between roughly $2,485 support and $2,557 resistance reflects a market where short-term momentum leans neutral to slightly bearish under the 20-day EMA. Yet, the medium-term structure remains bullish as the price is above 50, 100, and 200-day EMAs. Over the next 90 days, the interplay of on-chain usage trends, social sentiment shifts, ecosystem milestones, and macro dynamics will determine whether ETH breaks higher toward $3,000+ or undergoes a deeper correction toward $2,200–$2,300. Traders should watch for daily closes above $2,557 to validate bullish continuation or breakdowns below $2,485–$2,438 to signal caution. At the same time, watching layer-2 activity, staking trends, user engagement, and wider market indicators can either back up or challenge recent price action. The post ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential appeared first on Cryptonews .
Intro: Small Positions Could Lead to Big Rewards Crypto traders are once again chasing asymmetric opportunities — and a growing number believe MAGACOINFINANCE could be one of them. With fresh momentum building across early-stage assets, even a tiny allocation could turn into a significant return. Meanwhile, larger caps like Cardano, Solana, Arbitrum, and NEAR Protocol are facing slower action, prompting many to look elsewhere for rapid moves. MAGACOIN FINANCE: Small Entries, Serious Setup MAGACOIN FINANCE is gaining traction for a different reason — it’s early enough to offer true upside but structured enough to stand apart from typical hype coins. The token’s supply is hard-capped at 170 billion, staking is already live, and on-chain data is showing strong accumulation behavior. Unlike many short-term fads, this project has been fully audited by HashEx and operates without centralized control or VC dominance. It’s appealing to traders who want more than just volatility — they want a strategic entry point with long-term potential. Combine that with the PATRIOTS100X promo currently in effect — giving added bonuses to new buyers — and the math gets compelling. A small, early stake now could position investors for exponential upside next year as the project nears listings and institutional exposure. It’s not about betting the farm — it’s about entering early, strategically, and letting structure work in your favor Cardano (ADA) Tracks Bitcoin Trends Cardano (ADA) continues to reflect broader market sentiment rather than generating its own momentum. No major developments have surfaced in the current cycle, and its price remains tied to Bitcoin’s dominance. Though its community remains engaged, ADA is trading in a narrow range, making it a less attractive short-term target. Solana (SOL) Maintains On-Chain Strength Solana (SOL) still ranks among the most active blockchains by user activity. Its ecosystem, especially across NFTs and DeFi, remains robust. However, traders are waiting for a breakout catalyst to lift SOL beyond its current consolidation phase. Without a major news driver, Solana’s momentum is stable but restrained. Arbitrum (ARB) Volume Slows Despite Ecosystem Growth Arbitrum (ARB) remains a critical player in the Layer 2 landscape. However, trading volumes have pulled back in the latest cycle, and there are no headline events propelling fresh capital inflow. While developers continue to build, the token’s near-term appeal has softened, leading momentum traders to explore more active plays. NEAR Protocol Expands Partnerships Quietly NEAR Protocol is steadily expanding, with ongoing partnership announcements and integrations across web3 infrastructure. Yet, despite the progress, the token’s price has been slow to respond. Like other altcoins this month, NEAR is holding ground — but it hasn’t sparked the kind of movement speculators are hoping for in June. Final Thoughts As Cardano, Solana, Arbitrum, and NEAR Protocol consolidate in quiet ranges, a growing number of traders are pivoting to MAGACOINFINANCE for its structured setup and investor-first mechanics. For those with an eye on 2025, even a modest stake could offer life-changing upside — if the timing is right. For more information about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/buy-maga Continue Reading: A Tiny Stake in MAGACOINFINANCE Might Yield Life-Changing Returns Next Year
Cardano (ADA) is showing serious heat heading into summer, but the real fireworks may come from a little-known DeFi layer stirring up major buzz. Trading around $0.62, Cardano is gaining traction with its growing smart‑contract activity and upcoming protocol updates fueling renewed optimism. But here’s where the FOMO really kicks in, Mutuum Finance (MUTM) is flying under the radar, and rumor mills are spinning out buzz about a possible 10x or more rally before June ends. Presale of Mutuum Finance is now in Phase 5, with MUTM priced at just $0.03, rapidly approaching the Phase 6 price of $0.035. The Mutuum Finance presale has attracted over 12,200 investors. More than $10.8 million has been raised. Mutuum Finance Presale Surpasses $10.8M with Over 12,200 Early Backers Mutuum Finance is a DeFi protocol that makes waves on the market as it has received funds in the amount of more than $10.8 million and was supported by more than 12,200 investors during the current presale. Such a momentum says much of this growing confidence in the long-term project mission and the role it would play in changing the decentralized finance segment. The MUTM tokens are priced at $0.03 and are at the phase 5. Provided that Phase 6 will raise the price to $0.035, initial investors can still receive 100 percent of profits at launch when the token will begin to trade at $0.06. Redefining DeFi: A Dual-Lending Model That Works Compared to standard DeFi protocols, Mutuum Finance will be the first attempt to develop a hybrid lending system that will be able to serve the needs of both passive and more advanced users. In Peer-to-Contract (P2C), customers fit the needs of any investor looking to generate passive income by locking their USDT into smart contract pools that generate stable, passive returns due to an interest rate that it moves up and down based on market conditions. In Peer-to-Peer (P2P) more experienced users can use this model where the lenders and borrowers have complete control over the terms set, which is ideal to work with volatile assets. The two-model scheme enables optimum flexibility, control, and risk management so that a current DeFi framework can be provided in comparison to early traditional lending protocols. Security First: Audited, Transparent, and Built to Last The crypto market can be full of rug Pulls and unmeditated risks, Mutuum Finance is atypical, audited by CertiK, a KYC equivalent of any crypto market. All the smart contracts are open source and auditable, which strengthens the community with regard to trust and accountability. In another push to strengthen the financial infrastructure, the project is also launching a full collateralized stablecoin pegged to USD on Ethereum network. Employing mechanisms not subject to the depegging issues that bedevil algorithmic stable coins, the asset is developed to be reliable, liquid, and ready to pursue values that can be realized in both retail and institutional applications over time. With more than 12,200+ early adopters contributing over $10.8 million, Mutuum Finance is fast becoming a unicorn in the making, with the smart money evidently following. It is now available in Phase 5 of its presale at only $0.03, and it will increase to $0.035 in the sixth phase shortly, followed by a guaranteed launch price of $0.06, and early adopters are looking at the opportunity of 100% returns before this token even becomes publicly available. Supported by a CertiK audit and a dual-lending framework (P2P and P2C) and fully-collateralized stablecoin allows Mutuum Finance to become a potential game-changer in DeFi, yet it remains under the radar. If you are yet to find the next 10x altcoin before June closes, remember to take your spot in the presale as soon as possible. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Former Celsius CEO Alex Mashinsky and three related entities waived rights to bankruptcy distributions from the defunct crypto lender. The waiver cemented Mashinsky’s position as the party responsible for the collapse of Celsius. It also distanced him from making amends to the victims who lost funds. The agreement filed on Monday in the U.S. Bankruptcy Court for the Southern District of New York prohibited Mashinsky, AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC from receiving any bankruptcy proceeds. The court document stipulated that all of Mashinsky’s claims submitted or scheduled on his behalf be “withdrawn, disallowed, and shall receive no distribution” under the bankruptcy plan. Mashinsky and the entities related to him were permanently barred from receiving any recovery in the Celsius bankruptcy, allowing those reserved assets to be redistributed to other creditors. However, even as Mashinsky claimed to have agreed to forfeit the assets that the government traced directly to the proceeds of his crimes, his wife asserted that she had a superior claim to the property. Her assertions would reduce what the government seized and returned to Mashinsky’s victims if credited. Attorney Clayton says America’s investors deserve better U.S. attorney for the Southern District of New York, Jay Clayton, said the Celsius founder targeted retail investors with false promises, used their funds to place risky bets, and profited tens of millions of dollars (~$48M). At the same time, his customers lost billions (~$4.7B). Crypto influencer Tiffany Fong lost 3.1 BTC and 11.6 ETH to Celsius (over $300K at today’s prices). However, Clayton believes that America’s investors deserve better. The waiver agreement, therefore, stipulated that since the court had disallowed claims from Mashinsky and related parties, all the money and assets (crypto and company shares) that were being held for them could be released for distribution to other creditors who were owed under the bankruptcy payout plan. Mashinsky was ordered by the bankruptcy court to pay a $50K fine and forfeit $48.3 million. However, despite this specific ruling, the order clarified that it did not affect other claims, counterclaims, or defenses that the Plaintiffs, Mashinsky, AMV, Koala1, and Koala3 might have in other legal proceedings, whether in the main case or other lawsuits. Celsius has made progress in returning value to affected users, distributing over $2.5 billion to more than 251K creditors as of August 2024. However, despite the progress, reports indicated that over $1 billion in claims from ~121K creditors were filed this year alone, highlighting the scale of the liabilities Celsius faced and the number of individuals and entities impacted. Clayton also pointed out that validating and categorizing claims remained a monumental task. Mashinsky admits to giving Celsius customers ‘false comfort’ In court, Mashinsky admitted to giving Celsius customers “false comfort” by giving an interview in 2021 in which he said Celsius had received approval from regulators for its “Earn” program, which it had not. Federal prosecutors in Manhattan also said the former CEO misled Celsius’ customers to persuade them to invest, and artificially inflated the value of his company’s proprietary crypto token. He also failed to disclose that he had been selling his CEL holdings. However, Mashinsky owned up to his wrongdoings and vowed to do whatever it took to atone for his mistakes. Attorney Clayton claimed that Mashinsky marketed Celsius as the safest place for crypto, and encouraged customers to “unbank” themselves by transferring crypto assets to the platform. He repeatedly misrepresented key aspects of Celsius’s business and finances throughout his tenure to attract customers and retain their assets. His false claims covered the safety of Celsius’s yield-generating activities, its profitability, the sustainability of high reward rates, and the risks associated with depositing crypto assets on the platform. Mashinsky and others orchestrated a years-long scheme to mislead customers about the CEL token. They manipulated CEL’s price by spending hundreds of millions purchasing it on the open market to artificially inflate its value. They sometimes used customer deposits to fund these market purchases, without disclosing that to customers. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Two leading analysts forecast a 90-95% probability that the SEC will approve eight altcoin ETFs, including Litecoin, Solana, and XRP, signaling a potential shift in crypto investment products. Despite historical