Feng, a former employee of a short video platform, defrauded the company of 140 million yuan (about $19 million) by collaborating with external partners using insider information, according to a case announced by Beijing's Haidian District Procuratorate. It was determined that Feng and his accomplices converted this money into Bitcoin and laundered it using “coin mixing” methods. Eight people were sentenced to prison and fines. More than 90 Bitcoins were seized and turned over to authorities. According to the People's Daily, Feng was responsible for approving applications for service providers and developing and implementing incentive policies for the short-form video platform he worked for. In the rewards and incentive policies the company regularly offered to stimulate growth, Feng exploited his position to create loopholes in the system. He shared these loopholes with his external partners, Tang and Yang, and transferred millions of yuan worth of incentives using forged application documents. Related News: How Much of Ethereum's Supply Is Lost Forever? Here's the Amount That Must Be Excluded When Calculating Supply Multiple front companies were established by individuals affiliated with Tang and Yang to conceal the corrupt proceeds. These companies were used to collect the stimulus payments, which were then quickly funneled into secret accounts ultimately controlled by Yang. Feng and his associates used eight different overseas cryptocurrency exchanges to launder the money by converting 140 million yuan of funds into cryptocurrencies. A significant portion of the funds, made difficult to track through coin mixing, were converted into Bitcoin. Feng and his seven co-defendants were sentenced by the Beijing Haidian District People's Court to prison terms ranging from three to 14 years and six months, as well as fines, for “embezzlement through abuse of office.” The verdict is final. The prosecutor's office also seized more than 90 Bitcoins, partially compensating the company for its losses. *This is not investment advice. Continue Reading: Bitcoin Scandal Erupts in China – Chinese State Newspaper Reports
With the explosive popularity of Counter-Strike 2 (CS2) and a growing global demand for privacy in online gambling, bettors are turning to crypto for fast, anonymous, and secure esports betting. Whether you’re placing pre-match bets on Major tournaments or live in-play wagers during ranked pro matches, choosing a platform that supports BTC deposits, no KYC, and lightning-fast withdrawals is crucial in 2025. In this guide, we explore the top crypto betting platforms where you can bet on CS2 tournaments with Bitcoin and other cryptos, all without submitting personal documents. These sportsbooks combine real-time esports analytics, decentralized tech, and competitive odds. 1. Dexsport – Best Crypto CS2 Betting Platform (No KYC, Web3 Native) Dexsport is a fully decentralized sportsbook and casino built for Web3 users. It supports Bitcoin natively (plus 30+ other coins) and offers full access to CS2 betting markets with no KYC and instant payouts. 🔹 Why Dexsport Stands Out: Crypto Deposits/Withdrawals across multiple chains (Over 37 cryptos supported over 20 networks). No KYC: Sign up with MetaMask, Telegram, or email. 100+ betting markets per match: winner, round totals, pistol round, over/under kills, and more. Live Streaming: Watch matches without even depositing. Audited by CertiK and Pessimistic, ensuring transparency and smart contract safety. Dexsport is the ultimate platform for players who value privacy, speed, and trustless betting on CS2. Bet Smart. Stay Anonymous. Try Dexsport 2. BC.Game – Crypto Casino Giant With CS2 Support and Fast BTC Payouts BC.Game is one of the most recognized names in crypto gambling. Known for its vast gaming library, it also offers solid CS2 coverage within its esports sportsbook. 🔹 Features: Accepts Bitcoin and other coins (ETH, LTC, DOGE, etc.) Clean CS2 betting interface with standard and exotic markets. Frequent promos: rakeback, wheel spins, and contests. Fast withdrawals, but light KYC may be required for high-volume bettors. While not fully anonymous, BC.Game remains a favorite for those wanting BTC-backed esports bets and extra entertainment value. 3. Thunderpick – Esports-First Betting Platform With Bitcoin & Instant Wagering Thunderpick specializes in esports betting and offers some of the best odds and match coverage for CS2 tournaments. It accepts Bitcoin and a handful of other cryptocurrencies. 🔹 Highlights: Supports BTC deposits and withdrawals. Smart UI tailored for esports fans: live stats, kill leaders, team form. Wide CS2 market range: bomb defuse success, map handicaps, total rounds. KYC may be requested for larger withdrawals. Thunderpick is perfect for players who want live data-driven CS2 wagering with Bitcoin funding. 4. BetFury – CS2 Betting With BTC + Cashback and Rewards BetFury blends classic sportsbook features with DeFi-inspired perks. You can bet on CS2 matches using BTC while earning cashback, token rewards, and participating in jackpot pools. 🔹 Perks: BTC accepted + multiple other cryptos. Competitive CS2 markets and in-play betting. Daily bonuses, staking, and vault rewards in BFG tokens. No KYC required for low-to-mid volume users. BetFury is ideal for those who want fast, anonymous CS2 bets paired with DeFi-style extras. 5. Cloudbet – Established Crypto Sportsbook With Strong Reputation Cloudbet has been around since 2013 and is a trusted sportsbook offering full crypto support. It has robust esports offerings, including all major CS2 tournaments and qualifiers. 🔹 Key Points: BTC deposits and instant withdrawals. KYC is not required for basic use (unless flagged). Live betting and streaming available for CS2. Community chat and responsive support. A great pick for long-term, stable crypto betting with high betting limits and liquidity. Crypto CS2 Betting Platform Platform BTC Support KYC-Free Live CS2 Betting Withdrawal Speed Best For Dexsport ✅ ✅ 100% ✅ Stream + stats ⚡ Instant Web3, privacy, transparency BC.Game ✅ ⚠️ Partial ✅ ⚡ Fast Bonuses + casual betting Thunderpick ✅ ⚠️ Partial ✅ Real-time data ⚡ Fast Esports odds & analytics BetFury ✅ ✅ (low-mid volume) ✅ ⚡ Instant Cashback + gamified UX Cloudbet ✅ ✅ (most regions) ✅ ⚡ Instant Established, high limits Final Verdict If you're looking to bet on CS2 tournaments with Bitcoin in 2025, the crypto sportsbooks listed above offer a mix of anonymity, flexibility, and fast access. For the best no-KYC experience with native BTC support, Dexsport stands out as the most transparent, secure, and esports-focused option. However, platforms like BC.Game and Thunderpick offer excellent usability for bettors who enjoy wider game selections and additional promotions. 🔐 Responsible Use Reminder Always ensure you comply with local laws before placing any online bets. Use only trusted crypto sportsbooks, and never risk more than you can afford to lose. Disclaimer: This article is for informational purposes only and does not constitute financial, gambling, or legal advice.
XRP investors are worried again after Ripple Labs co-founder, Chris Larsen, moved 50 million XRP tokens to crypto exchanges. The move has triggered warnings from market analysts. Experts are advising holders to protect themselves from becoming “exit liquidity.” This term refers to a situation where large players sell at high prices, leaving smaller investors to bear the losses. Analysts Say Larger XRP Sell-Off May Be Underway A. Maartunn, a contributor to CryptoQuant, was among the first to raise concerns. In a recent X post , he noted that despite losing over $100 million worth of XRP, Larsen still holds a large amount of the token. The industry leader currently owns about 2.58 billion XRP, valued at around $8.83 billion. Maartunn warned that the recent 50 million XRP sale could be just a small part of what might come next. The alert came shortly after XRP reached a price of $3.60 on July 17, marking a near all-time high. XRP recently became one of the best-performing coins during the market’s rebound. However, the excitement did not last long after analysts spotted large withdrawals from a wallet linked to Larsen. As of now, XRP is trading at $3.18, down 1.06% in the past 24 hours, according to CoinMarketCap data. This represents a 13% drop from its recent high , causing small investors to become more worried, especially those who bought in with the expectation that the price would continue to rise. Ripple Sale Comes Amid Broader Market Turmoil The timing of Larsen’s transaction coincided with market uncertainty, exacerbating investor fear. At the same time, XRP prices were reacting to the sale, and Bitcoin (BTC) was also experiencing sharp downside pressure. An early Bitcoin investor, known as a “Satoshi-era whale,” has sold 80,000 BTC after holding it for 14 years. The sale, managed by Galaxy Digital, temporarily pushed Bitcoin’s price down to around $114,500 before it bounced back to $118,356. This sudden price swing affected the whole crypto market. In just 24 hours, over $500 million was lost in forced trades, according to CoinGlass. These losses primarily affected traders who had leveraged funds to trade and were forced to close their positions when prices moved too quickly. Mixed Reaction from the Community The cryptocurrency community has held differing opinions about Larsen’s move. Some people argue that it is normal for long-term holders to take profits, especially when prices rise. Others believe the sale was planned to capitalize on the recent price surge, potentially harming smaller investors who purchased during the excitement. Some traders also warned about the risks of copying large wallets without careful consideration. They said these moves can shake the market and leave small investors at risk. The post Ripple Co-Founder’s Big XRP Transfer Sparks New Warnings appeared first on TheCoinrise.com .
Base, the Coinbase-incubated Ethereum Layer 2 network, has emerged as the most profitable rollup in the ecosystem, as it generated an average of $185,291 in daily revenue over the past six months. With the latest figure, Base has far outpaced Arbitrum’s $55,025 and the combined $46,742 of 14 other top Layer 2s. Base Captures Majority of L2 Market Share In its latest analysis, Galaxy Digital explained that Base’s lead is supported by its EIP-1559-inspired fee model, which enables “dynamic” auction-based priority fee collection rather than strict first-come-first-served (FCFS) ordering. The sequencer prioritizes transactions based on the highest priority fee per unit of gas and allows users to pay premiums for urgent execution. This enables Base to monetize block space demand efficiently. Ethereum’s Pectra upgrade, which reduced Layer 1 posting costs via blob-enabled data submission, has further improved Base’s efficiency in monetizing block space while maintaining low transaction fees. While Arbitrum introduced Timeboost in April 2025 to enable slot-bidding for express execution, it remains a predictive, fixed-rate system that is less reactive than Base’s per-transaction bidding. This makes the former less effective at capturing sudden spikes in user demand. Over the past six months, priority fees alone have averaged $156,138 per day for Base. The chain accounted for about 86% of its daily revenue. Transactions occupying the top slot of each block contributed 30%-45% of daily revenue year-to-date in 2025, while the top 10 slots have accounted for between 50%-80% of daily revenue over the same period. Meanwhile, “Flashblocks,” which was implemented on the Layer 2 network on July 16, introduced sub-block confirmations that allow high-priority transactions to land in lower slots while still receiving near-instant execution. This has resulted in a more even distribution of priority fees across block slots without reducing overall fee generation. Such a system in place has helped Base maintain strong revenue capture despite changes in slot allocation. Base’s Revenue Engine It is important to note that Base’s dominance in decentralized exchange (DEX) activity has been a major driver of its revenue. The network has consistently captured 50%-65% of Layer 2 DEX volume and holds the highest DEX TVL among Layer 2s, excluding perpetual DEX platforms. Historically, priority fees tied to DEX swaps contributed 50%-70% of daily fees paid to Base. However, this share has declined to around 34% in recent weeks and reflects increased base fees and growing non-DEX competition for block space across the network. Despite this dip, DEX swaps have been observed to be a primary contributor to Base’s fee generation, especially in time-sensitive trades and maximum extractable value (MEV) strategies. Data also indicates that a small cohort of users dominates priority fee payments, with 250 addresses accounting for nearly 65% of all priority fees paid over the past year. The post Here’s Why Base Is Crushing Other Ethereum Layer 2s in Revenue appeared first on CryptoPotato .
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Earning potential in crypto means little without the ability to exit smoothly. Chainlink’s chart shows signs of a possible breakout, while Ethereum’s steady climb places it near past high levels. However, both rely strongly on market optimism and continued positive sentiment. In contrast, BlockDAG (BDAG) focuses on a more stable solution by directly addressing a key presale issue, liquidity. With 20 exchange listings already confirmed ahead of launch, BlockDAG ensures early participants are not left without trading options. This kind of planning goes beyond potential and delivers real access to markets. It offers flexibility from day one. Compared to other top crypto projects, BlockDAG takes the lead by putting practical outcomes first and building a clear path to liquidity from the beginning. Chainlink LINK Chart Suggests $27 Breakout Target The current Chainlink LINK chart setup indicates potential breakout following a move above a descending triangle shaped since late 2023. Analysts see that pattern often leads to upward momentum. LINK has just broken through key resistance. Rising volume supports growing bullish momentum. Specifically, price targets around $27 and intermediate resistance near $25 appear. Support levels stay firm near $16.20 and $14.50. As long as LINK holds above the breakout line the trend looks constructive. Traders watch for confirmation through strong daily closes and sustained volume strength. Ethereum ETH Technical Outlook Targets $4 000 To $5 000 Ethereum ETH continues trading above key support zones near $3 600. Analysts note that price remains less than 30 % from its all‑time high, pointing toward potential bullish phase. Weekly chart shows breakout from long‑term support trendline. Momentum indicators RSI and MACD indicate room for further gains. On‑chain metrics such as MVRV ratio confirm ETH is not yet overvalued. Wave analysis suggests Ethereum may form larger corrective structure targeting $4 000 to $5 000 in coming weeks. Key support remains around $2 500. BlockDAG’s 20 Exchange Listings Provide Liquidity Assurance One major risk in crypto presales is a lack of liquidity after launch. Many projects raise funds, generate excitement, and then leave investors with no way to trade or exit. BlockDAG takes the opposite route. With 20 exchange listings confirmed ahead of launch, the project solves post‑presale liquidity head‑on. As a result, investors gain immediate access to trading platforms. That offers flexibility to sell compound gains or reallocate capital right away without delays. That level of exchange readiness is rare at the presale stage. It adds a practical layer of confidence for those focused on risk and reward. While other projects promise futures BlockDAG focuses on delivering functionality first, starting with real market access. Moreover, current metrics support this positioning. BlockDAG has raised $353M in Batch 29. The price for Batch 29 is set at $0.0276. So far, 24.3 billion coins have been sold, and ROI from Batch 1 to Batch 29 sits at 2,660 %. During the GLOBAL LAUNCH release, the price is currently $0.0016 until August 11. If users purchase now they could realize a 3,025% return based on the original listing price of $0.05. Overall for analysts reviewing top crypto projects with real exit strategies BlockDAG stands out. Its exchange‑first approach removes a major failure point seen in presales and ensures real trading access from day one. Wrap Up! While Chainlink’s chart setup and Ethereum’s momentum attract technical traders they both depend on favorable conditions to sustain. BlockDAG with $353M presale follows a different path by offering a clear solution to the common presale issue of limited liquidity. With 20 confirmed exchange listings secured before launch investors gain real trading access from day one. That removes uncertainty about exit timing and access. In a space where many projects depend on future promises BlockDAG delivers structure and actual market participation. Observers seeking top crypto projects with practical safeguards find BlockDAG stands out for what it already offers. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Chainlink Eyes $27, Ethereum Nears $5K While BlockDAG’s 20 Exchange Listings Signal Smart Entry Point appeared first on TheCoinrise.com .
The price of Bitcoin has continued to impress investors in 2025 despite doubts after the top crypto hit a six-figure valuation at the tail end of 2024. As a result, the expectations of an altcoin season have seemed like a pipe dream so far this year. Nevertheless, that is not to say the altcoin market has not seen outstanding performers in 2025 — one of them being TRON (TRX). According to data from CoinGecko, the price of TRX is up by about 25% year-to-date. TRX In Underperformance Zone Relative To BTC On Saturday, July 26, Alphractal CEO & founder Joao Wedson took to the social media platform X to analyze the dynamics between Bitcoin and TRON, two of the largest assets in the crypto market. According to the on-chain expert, the TRX token might outpace the premier cryptocurrency in the coming months. Related Reading: Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This This interesting prediction is based on the TRX Opportunity Score metric, which tracks when the TRON token is outperforming or underperforming Bitcoin. Typically, this metric combines various indicators, including the TRX/BTC ratio, daily returns, volatility, Beta, and correlation. According to Wedson, the current TRX Opportunity Score suggests a potential turning point for the TRON price relative to the price of Bitcoin. The on-chain analyst revealed that the altcoin has once again entered a zone of underperformance relative to BTC — a phenomenon that has preceded strong reversals in the past. Wedson explained that every time TRON dropped into the red or orange zones on the chart (indicating weakness), it often began strong relative upward trends and went on to outperform Bitcoin. “This pattern has repeated across several past cycles — and it seems to be forming once again,” the on-chain expert added. With TRON seemingly bound to outpace Bitcoin in the coming weeks, Wedson suggested that investors might want to consider rotating some capital from BTC into TRX. “It may be strategically interesting to consider rotating a small portion of BTC into TRX, aiming to front-run a possible TRX outperformance in the coming months,” the Alphractal CEO said. Bitcoin And TRON Price As of this writing, the price of BTC sits just beneath $118,100, reflecting an over 10% increase in the past month. In comparison, TRON is valued at around $0.3197, with an almost 18% price growth in the past 30 days. Related Reading: $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details Featured image from Gemini Imagen, chart from TradingView
Shiba Inu’s Layer‑2 network, Shibarium, recently processed over 1.2 million transactions in a single day, highlighting growing developer activity and user demand. At the same time, on‑chain data shows whales pulling more than 309 billion SHIB tokens—worth over $4 million—from exchanges in the past 24 hours, underscoring big‑holder conviction. Yet amid these SHIB milestones, Remittix’s payment‑rail adoption and $250,000 community giveaway have captured fresh attention. Shibarium’s On‑Chain Expansion SHIB’s Layer‑2 rollout continues to gain traction. Daily transactions on Shibarium topped 1.2 million on July 24, a 45 % increase from July 17, as new dApps deployed token bridges and NFT marketplaces. Concurrently, whales removed over 309 billion SHIB—valued at $4 million —from exchanges, reducing swap pressure and signaling accumulation ahead of anticipated Shibarium fee-burning events. Network data shows active addresses on Shibarium climbing to 125,000, up from 87,000 two weeks ago, while total value locked in ShibaSwap pools rose 22 % to $115 million. These developments feed bullish Shiba Inu Price Prediction scenarios that place SHIB above $0.000015 if on‑chain growth continues. Remittix Captures Payment Flows As SHIB whales pile into Shibarium, Remittix attracts smart money seeking real‑world utility. RTX raised $17 million at $0.0876 per token, selling 561 million RTX and fueling rapid wallet adoption, bolstered by a $250,000 community giveaway that has driven engagement to record highs. Key features making Remittix stand out: Instant Settlements: Live pilots in Ghana and Kenya confirm payments under two minutes. Retail Acceptability: Over 80 merchants in West Africa now offer PayFi checkout with RTX. Bank On‑Ramp: Direct fiat deposits via local banks launching in Q3 for seamless entry. Ultra‑Low Fees: Solana integration keeps costs below $0.01 per transfer. Rewards & Scarcity: Quarterly token burns plus up to 10 % APY on staking boost value retention. A CertiK audit validated its smart contracts, and an upcoming wallet beta will support 40+ assets with real‑time FX conversion—practical milestones that position Remittix as a payment solution rather than a speculative token. Final Perspective: SHIB vs. RTX Momentum Shiba Inu’s Shibarium growth and whale‑led accumulation underscore SHIB’s deepening ecosystem; yet sustaining a move above $0.000015 hinges on continued developer launches and fee burns. Remittix, by contrast, pairs live remittance corridors and merchant integrations with community incentives—anchored by its $250,000 giveaway and staking yields—to deliver tangible use‑case momentum. For investors weighing Shiba Inu’s Layer‑2 promise against practical payment adoption, RTX’s 450 % rally and real‑world infrastructure offer a compelling alternative. As the crypto market shifts focus, Remittix stands poised to outpace SHIB’s hype‑driven cycles with functional, user-centred growth. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post Shiba Inu’s Shibarium Grows But Remittix’s Real World Use Case Sees SHIB Whales Deposit Over $4 Million appeared first on TheCoinrise.com .
JPMorgan says it’s just setting boundaries but critics say it’s crossing a line that could crush innovation.
The number of Britons downloading virtual private network (VPN) apps has soared over the weekend, following the rollout of new age verification rules under the UK’s Online Safety Act, raising questions about the feasibility of enforcing digital controls in an open society. Proton VPN, developed by Swiss-based Proton AG, overtook ChatGPT to become the most downloaded free app on Apple’s UK App Store over the weekend, according to Apple’s app charts. Other VPN apps from Nord Security and Super Unlimited also broke into the top ten. Proton reported a 1,400% spike in sign-ups from UK-based users after the new law came into effect. “We would normally associate these large spikes in sign-ups with major civil unrest,” Proton reportedly said. The rush to install VPNs, tools commonly used in countries like China and Iran to circumvent government firewalls, suggests a significant proportion of UK internet users are unwilling to comply with digital identification measures intended to protect minors from online harm. UK users embrace tech tools to scale digital fences Under the Online Safety Act , which was passed by the Conservative government in 2023 but came into force in stages, thousands of platforms hosting adult content, including social media platforms such as X, TikTok , Reddit, are now required to implement age verification or “age assurance” systems for UK users. Regulator Ofcom, which began enforcing the rules last Friday, says the aim is to restrict access to harmful online material, including pornography, content promoting self-harm, eating disorders, or suicide, for children under the age of 18. Companies that fail to comply risk fines of up to £18 million or 10% of their global revenue. Even though VPNs offer an easy workaround, cybersecurity pros and privacy advocates argue that the real-time digital ID checks infringe on civil liberties. “This is what happens when people who haven’t got a clue about technology pass legislation,” said Anthony Rose , a UK-based entrepreneur and former BBC iPlayer architect, in a post on X. “It takes less than five minutes to install a VPN. That’s the beauty of VPN. You can be anywhere you like.” How secure is the UK’s content safety net? Ofcom acknowledged over the weekend that age checks are “not a silver bullet”, but insisted they are a step toward reducing accidental exposure of children to graphic or harmful content. “Until now, kids could easily stumble across porn and other online content that’s harmful to them without even looking for it,” the regulator said in a statement. “Age checks will help prevent that.” Still, the backlash is growing. More than 290,000 people have signed a petition on the UK Parliament website calling for the repeal of the Online Safety Act, with the vast majority of signatures submitted in just the past few days. Since it has surpassed the 100,000 threshold, Parliament is now obliged to consider it for debate. The UK’s regulation is being closely watched by other democracies exploring similar legislation. The Online Safety Act has already created diplomatic friction. Some officials in the US, particularly within the Republican-aligned bloc, have voiced concern over its implications for freedom of speech and digital sovereignty. However, UK technology secretary Peter Kyle said the rules are “not up for negotiation,” even as London pursues a broader digital trade agreement with Washington. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot