The legal saga surrounding the collapse of crypto lender Celsius Network continues to unfold, with a significant date now set on the calendar. Attention is once again focused on Alex Mashinsky sentencing, the former CEO whose leadership presided over the company’s dramatic downfall. For many in the crypto community and especially former Celsius customers, the fate of Mashinsky represents a key chapter in the fallout from the 2022 market downturn that saw several major platforms, including Celsius, buckle under pressure. What Led to the Alex Mashinsky Sentencing? Alex Mashinsky was arrested in July 2023, facing a barrage of charges from federal prosecutors and regulatory bodies. These charges stemmed from allegations that he misled customers about Celsius’s financial health and business practices, ultimately contributing to the platform’s inability to return customer funds during the crypto market crash. Specifically, the charges included securities fraud, wire fraud, and commodities fraud. Regulatory bodies like the SEC, FTC, and CFTC also filed civil lawsuits against him, alleging similar misconduct. The path to sentencing involves a critical step: a guilty plea. According to reports, Mashinsky pleaded guilty to specific charges, narrowing the scope of the legal battle but cementing a conviction. This plea was reportedly related to commodities fraud and price manipulation, acknowledging wrongdoing in these specific areas. This development avoids a potentially lengthy and complex trial, moving the case directly towards the sentencing phase. While a plea can sometimes result in a reduced sentence compared to a conviction after trial, the potential penalties remain severe. Understanding the Charges: Commodities Fraud and Price Manipulation The charges Mashinsky pleaded guilty to, commodities fraud and price manipulation, are serious offenses. In the context of cryptocurrencies, these charges often relate to allegations of misleading investors about the value or stability of certain digital assets or manipulating their market prices through deceptive practices. Commodities fraud typically involves schemes to defraud people in connection with the trading of commodities. While the classification of cryptocurrencies as commodities is a subject of ongoing debate, regulatory bodies like the CFTC have asserted jurisdiction over certain digital assets they view as commodities. Price manipulation charges involve intentionally and deceptively influencing the market price of an asset for personal gain, often to the detriment of other market participants. By pleading guilty to these charges, Mashinsky has formally admitted to engaging in these unlawful activities, clearing the way for the court to determine his punishment. The Significance of the Celsius CEO’s Legal Outcome The case against the former Celsius CEO is one of the most high-profile prosecutions stemming from the 2022 crypto market downturn. His legal fate is being closely watched for several reasons: Accountability: It represents a push for accountability for executives who allegedly engaged in fraudulent activities within the crypto space. Regulatory Precedent: The outcome, particularly regarding the classification and handling of digital assets under existing laws, could influence future regulatory actions. Industry Perception: Such cases impact public trust and the perception of the cryptocurrency industry as a whole. Creditor Impact (Indirect): While Mashinsky’s personal criminal case is separate from Celsius’s bankruptcy proceedings, the allegations against him are intertwined with the company’s failure, which directly affected creditors. The plea and upcoming sentencing serve as a stark reminder of the legal risks associated with operating within the still-evolving regulatory landscape of digital assets. Why Was the Sentencing Delayed? Originally, Alex Mashinsky’s sentencing was anticipated sooner, potentially in April. However, the date was reportedly pushed back to May 8. Such delays are not uncommon in complex legal cases, especially following a significant development like a guilty plea. Reasons for delaying a sentencing date often include: Allowing the defense team more time to prepare their sentencing arguments. Providing the probation department sufficient time to complete the pre-sentence investigation report (PSIR), which provides the judge with background information about the defendant and the crime to help determine an appropriate sentence. Scheduling conflicts for the court, prosecution, or defense. In this instance, reports indicated the delay was specifically granted to allow Mashinsky’s defense team additional time to prepare. This preparation is crucial as they will present arguments to the judge advocating for leniency, while the prosecution will argue for a harsher sentence within the legal limits. What Happens at the Sentencing Hearing? The sentencing hearing on May 8 will be a critical day. During the hearing, the judge will consider various factors before determining the sentence, including: The nature and circumstances of the offense (commodities fraud, price manipulation). Mashinsky’s history and characteristics. The sentencing guidelines range, which provides a recommended sentence based on the severity of the crime and the defendant’s criminal history (though judges are not strictly bound by these guidelines). Arguments from both the prosecution and the defense regarding the appropriate sentence. Victim impact statements, if any. The charges to which Mashinsky pleaded guilty carry a maximum potential sentence of up to 20 years in prison. It is important to note that the maximum sentence is rarely imposed, and the judge has discretion to impose a sentence anywhere up to that maximum, including probation or a shorter prison term, based on the factors considered. Broader Implications for Celsius News and the Crypto Market While the focus on May 8 will be squarely on Alex Mashinsky sentencing, the outcome resonates beyond just his personal legal situation. It contributes to the broader narrative surrounding Celsius news and the consequences faced by those involved in the platform’s operations. For former Celsius customers, the sentencing may offer a sense of closure or justice, although it does not directly impact the ongoing efforts to recover funds through the bankruptcy process. The bankruptcy plan is separate and addresses the distribution of remaining assets to creditors. For the wider crypto fraud landscape, this case serves as a high-profile example of regulatory and prosecutorial action against alleged misconduct by top executives. It reinforces the message that operating within the digital asset space is subject to existing laws and regulations, and that authorities are willing to pursue charges related to fraud and manipulation. The outcome could influence how other crypto companies structure their operations, disclosures, and marketing practices to avoid similar legal pitfalls. It underscores the increasing scrutiny on the industry from regulators worldwide. Looking Ahead: What the May 8th Date Represents The setting of the May 8th date for Alex Mashinsky sentencing marks a significant step towards concluding a major legal case in the crypto world. It brings the former Celsius CEO closer to facing the consequences of the actions he pleaded guilty to. The hearing will determine the extent of his punishment, which could range from a lengthy prison sentence to a lesser penalty, depending on the judge’s assessment of all the factors presented. Regardless of the specific outcome, this sentencing will likely be remembered as a key moment in the history of the 2022 crypto market collapse and the subsequent legal reckoning. It serves as a powerful reminder of the risks inherent in unregulated or poorly regulated financial activities and the increasing determination of authorities to hold individuals accountable for misconduct within the digital asset space. To learn more about the latest crypto market trends, explore our article on key developments shaping the future of crypto.
Bitcoin has a number of unique characteristics that make it stand out from all traditional assets. This trait of the major cryptocurrency became extremely relevant after the U.S. government imposed new tariffs on imports of goods into the country. The duties adopted by President Donald Trump received a lot of criticism from experts for their blow to the global economy, but in the end, they tentatively proved to be an effective tool to influence other countries. However, digital assets still benefited from the situation. What did Trump do wrong? Analysts are criticizing the financial implications of the import duties imposed by US President Donald Trump: some believe that what is happening underscores Bitcoin's unique economic properties in the face of global instability. Trump's 90-day pause on raising reciprocal duties with a return to a baseline of 10 percent for most countries except China has exposed vulnerabilities in the U.S. government bond market. Economist and author of The Bitcoin Standard Saifiddin Ammus believes Trump's reversal of higher duties was likely a reaction to rising bond yields. Well that speaks to the forced nature of such a decision. Here is a quote on the subject. Trump fought the bond market, and the market won. At first it seemed like the bet had worked - a severe stock market decline was presented as an acceptable price for fiscal sustainability. But then bonds began to collapse, and it became clear how destructive the duties were, and how mistaken it was to think that a deliberate stock market crash would support the bond market. According to sources , US ten-year bond yields rose from less than 4 percent to 4.5 percent after Trump's announcement on duties amid a correction driven by inflation and recession fears. Here is another expert's opinion on the situation. The rise in yields was the exact opposite of what the president's administration wanted. The complete reversal of policy just half a day after the duties went into effect proved crushing to Trump's negotiating position. Raul Paul, founder of Global Macro Investor, said the manipulation of duties could have been just a ”public relations play” to reach a trade agreement with China. His retort was as follows. All the talk about China giving in to Trump's pressure sounds ridiculous now, given that he couldn't keep the duties in place for even two days. According to Nansen analysts, delays in concluding a trade agreement could slow down the recovery of both stock and cryptocurrency markets, as their dynamics largely depend on the outcome of negotiations. Meanwhile, Bitcoin behaves quite independently amid all economic difficulties - such a feature of the crypto was emphasized by Nexo Dispatch analyst Ilya Kalchev. Bitcoin is traded not as a technological stock, but rather as a tool of defense against economic instability. Ammus suggested that the U.S. government should continue buying BTC until it has enough coins to fully cover the dollar money supply. Then the country should ostensibly move to a Bitcoin standard. Historically the dollar was backed by gold and was exchanged for a fixed amount of this precious metal until 1933. In 1971, President Richard Nixon finally stopped the exchange of the dollar for gold to protect the U.S. gold reserve and stabilize the economy. This began the era of fiat currencies, which continues to this day. When crypto starts to grow For all the positive fundamental traits, the crypto market is starting to repeat its previous patterns. In particular, data from analytics platform CryptoQuant shows that BTC outflows on exchanges have reached a two-year high. Although BTC is trading well above the early 2023 levels, demand for the crypto among exchange users resembles the beginning of a bullish trend. The 100-day moving average (SMA) of net flows on exchanges recently hit its lowest level in two years, which is also an important feature. Experts continue. Analysis of historical patterns suggests that this may indicate that investors are re-accumulating the asset. The negative value of net flow means that outflows from exchanges exceed inflows, thus reflecting high demand from users and low willingness to sell BTC through exchanges. At the same time, the total balance of BTC on exchanges is at its lowest level in recent years. CryptoQuant experts note that trading platforms' reserves totaled 2.535 million BTC as of early April, down at least 7 percent from 2.740 million BTC at the beginning of the year. Meanwhile, larger Bitcoin holders continue to build their reserves during April, despite retail investors selling the crypto. Whales with balances from 1 to 10 thousand BTC have been actively accumulating crypto since March, despite the decline in its price. Every time the price falls, large players buy assets amid panic selling by smaller investors, which is generally a typical situation. The bottom line Bitcoin has once again confirmed its reputation as an antifragile asset - amid geopolitical instability and shaky U.S. economic policy, it is not just staying afloat, but demonstrating steady demand. Outflows from the exchanges, growing interest of major players and convergence with the image of ”digital gold” signal that the market is preparing for a new round of growth. Well, investors are presumably not done with the bullrun.
Bitcoin is rapidly disappearing from cryptocurrency exchanges as both corporate treasuries and sovereign wealth funds accumulate the asset, creating a supply squeeze that could reshape market dynamics. Fidelity Data Shows Bitcoin Moving to Long-Term Holders at Record Pace Bitcoin reserves on cryptocurrency exchanges have plummeted to 2.6 million BTC, the lowest level since November 2018,
MAGACOINFINANCE Emerges as a Strategic Low-Cost Entry in a Shifting Market Even as crypto volatility shakes investor sentiment, top coins like Bitcoin (BTC) , Ethereum (ETH) , and Ripple (XRP) continue to anchor portfolios. But while these legacy tokens remain solid long-term holds, many traders now believe the real growth lies in early-stage tokens like MAGACOINFINANCE . With exclusive access through a private pre-sale, MAGACOINFINANCE is becoming known for its low entry price, limited availability, and carefully managed rollout—features that mirror the earliest phases of today’s top coins. Why MAGACOINFINANCE Is Being Viewed as the Smartest Early-Stage Altcoin MAGACOINFINANCE saw immediate demand after launch, positioning it as one of the fastest-growing altcoin entries of the year. Its combination of tight tokenomics, scarcity, and investor alignment is attracting serious attention from those who missed the early waves of BTC, ETH, and XRP. While many new projects chase temporary hype, MAGACOINFINANCE is building long-term value—organically and strategically. Analysts are beginning to recognize it as one of the most well-positioned altcoins for next-cycle growth. MAGACOINFINANCE vs. AVAX and LINK: Where the Asymmetry Lives Avalanche (AVAX) and Chainlink (LINK) both remain respected projects in their respective sectors. However, their explosive early-stage upside has already passed. These assets now move with the broader market. MAGACOINFINANCE , however, is still early. Still low-cost. And still off the radar for most retail investors—which is exactly why it’s drawing so much smart money attention now. Final Thoughts: MAGACOINFINANCE Has the Traits That Once Defined BTC, ETH, and XRP Bitcoin (BTC) rewarded patience. Ethereum (ETH) changed everything for those who got in early. XRP created a new standard for long-term altcoin holding. Now, MAGACOINFINANCE is being recognized as the token that reflects those same conditions—early access, real momentum, and serious upside. Secure your tokens now, exclusively at MAGACOINFINANCE.COM Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Turn $100 Into $10,000? Ethereum, XRP, and Bitcoin (BTC) Still Top Picks Despite Volatility
Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesn’t hold above a particular level. Failure to hold this support level could cause the leading crypto to crash and erase all gains that it has enjoyed this past week. Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash In an X post, Rekt Capital indicated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He remarked that the downside deviation is on the cusp of ending, but BTC now needs to stabilize above this support level of $93,500. The analyst added that ideally, the leading crypto needs a weekly close above this level and reclaim it as new support to resynchronize with the former Reaccumulation range. Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trump’s tariffs. However, as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this breakout and avoid this being another bull trap. The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support level. Rekt Capital’s accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto. Crypto analyst Ezy Bitcoin also predicted that the Bitcoin price could rally to as high as $166,700. He stated that the Wyckoff Re-accumulation phase is playing out beautifully. The analyst further remarked that the structure points toward continued strength with the spring confirmed and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, and $166,700 as the targets if this bullish momentum holds. BTC Needs One More Leg On The LTF To Confirm Breakout In an X post, crypto analyst CrediBULL Crypto stated that the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000. His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up. Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 However, if the Bitcoin price doesn’t record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC then ends up with a 3-legged corrective structure. He added that it would mean that market participants have to wait longer for the “real” breakout. At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Trump Coin is back in the spotlight after Donald Trump announced an exclusive dinner event for the top 220 holders, but analysts are warning of a potential sell-off. The endorsement triggered a 75% flash rally, positioning TRUMP as an altcoin front-runner —yet it remains widely sidelined in the “best crypto to buy” conversation. Pseudonymous X trader SCryptoTrader flagged looming inflationary pressures, citing last week’s $400 million token unlock as a red flag. They warned that the rally “could be a trap to lure FOMO buyers before insiders dump,” suggesting the dinner event may double as a well-timed exit for early whales. $TRUMP #trump Token huge Supply just unlocked 18th April $400M+ and daily 0.04% for coming years All this is trap to dump and make millions more from fomo buyers Dinner with top 220 holders is a trap for you Those who bought high before this is a chance to exit Don't miss… pic.twitter.com/NpDNKj9NgD — SCryptoTrader (@ScryptoTrader) April 23, 2025 The project’s developers control 80% of the token’s supply, while the identities of most large holders remain unknown. TRUMP Price Analysis: Is Trump Coin About to Rug? While Trump Coin has fallen 15% since its Wednesday peak, technical indicators display characteristics of a correction rather than a sell-off. TRUMP/USDT 1-day chart, symmetrical triangle breakout. Source: Binance. The Relative Strength Index (RSI) signals buyer exhaustion, making a sharp U-turn after soaring past the overbought threshold at 70—often a precursor to short-term corrections. The rally is now more closely aligned with the projected breakout target of a descending channel forming since early March, topping out at the $13.70 resistance. The rally also affirms the breakout path of a symmetrical triangle pattern forming since early February. If support at $11.25 holds, TRUMP could regain momentum and target a move toward the triangle’s projected top at $20—marking a potential 65% upside from current levels. New ICO Introduces the Latest Self-Custody Solutions After the multi-month freefall across the altcoin market, presale investing has become a popular strategy—offering a hedge against downturns and a shot at above-average returns. One project catching early attention is Best Wallet ($BEST) , bridging the gap between Web2 familiarity and Web3 functionality with its upcoming “Best Card.” The Best Card takes the place of the traditional debit card, allowing seamless real-world transactions using stablecoins anywhere that Mastercard is accepted through Best Wallet. The in-app “Upcoming Tokens” feature, which shows emerging crypto projects, has particularly caught investors’ attention with a reputation for providing high-gain trading alpha. With almost $11.2 million raised in its ongoing presale, the project is already gaining strong momentum—potentially credited to its 127% APY on staking that rewards early investors. You can keep up with Best Wallet on X , Discord , and Telegram , or join the presale on the Best Wallet website . The post Trump Coin Price Prediction: Analysts Warn Investors Chasing Presidential Dinner appeared first on Cryptonews .
The cryptocurrency market faced challenges as Bitcoin’s price fluctuated amidst U.S. economic shifts and political rhetoric. Despite a recent drop in Bitcoin’s value, institutional interest remains robust, with significant inflows
U.S. President Donald Trump meanwhile continued his tough talk on China.
Coinbase announces new altcoin listings, boosting trading interest. ZORA and Mantra are key altcoins added to their roadmap. Continue Reading: Coinbase Boosts Altcoin Listings, Igniting Trading Excitement The post Coinbase Boosts Altcoin Listings, Igniting Trading Excitement appeared first on COINTURK NEWS .
Retired NBA legend Shaquille O’Neal has reached a settlement in a lawsuit that allegedly had him on the run. The class action lawsuit accused him of actively participating in FTX’s offer and sale of unregistered securities before the firm’s collapse in 2022. Before the FTX debacle , when things were still rosy, Shaquille O’Neal was featured in an advertisement where he claimed he was “all in” on the exchange, even though he would later claim that he didn’t understand crypto. We couldn't keep it secret any longer! We're partnering with…the one…the only… @SHAQ ! (a.k.a. Shaqtoshi) pic.twitter.com/V37UQ5wsXI — FTX (@FTX_Official) June 1, 2022 Shaquille O’Neal joined in promoting FTX According to court documents filed on April 23 in the Southern District of Florida, the plaintiffs, mostly investors who allege that FTX misled them about its financial stability and operations, and O’Neal, have reached a proposed settlement and will soon submit a formal request for the court’s approval. Sadly, no details have been shared concerning the terms of the settlement, as the filing requested that they remain confidential. It spells an end to a lawsuit that had O’Neal reportedly “running” from lawyers, as attorneys at the Moskowitz Law Firm said they had trouble serving papers to the NBA legend. The firm said that it made several attempts to serve O’Neal with those papers, including staking out the TNT studios in Atlanta for a week in the hopes of hand-delivering the complaint to him. O’Neal was implicated in the FTX drama after a 2023 court filing submitted to the U.S. Bankruptcy Court in Delaware by FTX’s current management revealed a list of celebrities, businesses, and sports teams that had received payments for helping with its marketing efforts. According to the documents, the former NBA star was paid close to $750,000 for his advertisement. The FTX lawsuit is not the first time that O’Neal has been involved in a crypto arrangement that led to a settlement. In 2024, he also agreed to a settlement in relation to his Astrals NFT project. According to a lawsuit from then, O’Neal actively promoted the Astral NFT project , then abandoned it in 2022, which led to some people losing huge sums of money. A Florida federal judge later ruled that the NBA legend could plausibly be considered the “seller” of the asset under securities law, and subsequently, O’Neal and all associated Astrals entities agreed to a settlement of $11 million in monetary relief. Other celebrities have been implicated in the FTX fallout as well O’Neal is the latest celebrity to reach a settlement with plaintiffs from the FTX lawsuit, but he is not the only celebrity to be caught up in legal battles following FTX’s demise. Others like him who have had to face the consequences include NFL quarterback Tom Brady, his ex-wife Gisele Bundchen, tennis star Naomi Osaka, and Shark Tank personality Kevin O’Leary. NFL quarterback Trevor Lawrence, who signed a sponsorship deal with Blockfolio, an FTX subsidiary, in 2021, and YouTubers Tom Nash and Kevin Paffrath were also implicated. Like O’Neal, they also agreed to undisclosed settlements. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now