The recent tariff reductions between the US and China have sparked renewed optimism in the crypto market, particularly for Bitcoin. This de-escalation of trade tensions is crucial, as it not
The post Crypto Market Update Today: 12 May 2025-BTC, ETH, PI & More appeared first on Coinpedia Fintech News The crypto markets are displaying immense strength after the past weekend failed to attract bearish attention. Although the top cryptos were unable to demonstrate huge moves, they managed to hold around the gains, above the pivotal support, which suggests the growing dominance of the bulls. The market capitalization just faced a small pullback from $3.34 trillion, while the volume dropped by over 12%, which suggests the markets could remain still throughout the trading day. Bitcoin, Ethereum & the Top 10 Cryptos Bitcoin price remained elevated throughout the weekend and marked the local highs above $105,000 after holding above $102,500 support levels. Besides, the Ethereum price surged above $2500, while the XRP price faced a pullback from $2.84 to $2.4. Meanwhile, Cardano prices hold above $0.8, Solana plunged slightly after marking the highs above $180, and Litecoin reclaimed the three-digit figure. BinanceCoin price reached above $657, and Tron price trades above $0.26. Top Gainers for the Day With the crypto markets closing the weekly trade on a bullish note, the start was somewhat bullish, as bears tried to initiate a correction phase. Despite this, the biggest gainers included Pi with over a 47% jump, followed by dogwifhat with a 30% rise, Kaspa with 18.5%, and Four with over 14%. Meanwhile, the memecoins like FLOKI, Pepe, Fartcoin and SPX6900 also experienced a decent rise. Top Losers for the Day In the past 24 hours, the loss margin is much lower than the gains, as the altcoins attracted minimal bearish action. Among them are the tokens such as Arbitrum and Flare, which attracted a more than 3% jump. The altcoins like Theta Network, Lido DAO, Optimism, POL, Near Protocol, Helium and a few other tokens face marginal losses below 3%. However, these losses are expected to recover in the next few hours, which could push the markets back under bullish influence. The crypto market sentiments have turned bullish, with the indicator rising to 73, suggesting the retail investors have turned greedy. Moreover, the bullish sentiments on PI and Kaspa have risen over 90%, followed by Filecoin, Cardano and Ethereum.
On May 12th, COINOTAG News reported that a prominent BTC short seller has significantly decreased their short position. The whale’s holdings have dropped from 888.88 BTC to 711.11 BTC, translating
Bitcoin and crypto are braced for a perfect storm after the bitcoin price surged higher…
Ethereum’s recent surge highlights growing confidence among investors as it approaches critical price levels, reflecting significant spot ETF flows. As the cryptocurrency market adapts to regulatory developments, Ethereum’s robust performance
The post US-China Tariff Deal Fuels Bitcoin Price Rally —Is $170K the Next Target? appeared first on Coinpedia Fintech News Bitcoin is back in the spotlight as it trades close to its all-time high around $104,000, just 5 percent below its peak of $109,350. The rally is picking up pace with better US-China trade talks, steady ETF inflows, and hopes of lower inflation lifting market sentiment. After falling to $75000 in April, Bitcoin has bounced back strongly, gaining nearly 10% in just a week. U.S.-China Deal Calms Markets BREAKING: U.S. Announces China Trade Deal in Geneva pic.twitter.com/JjgvYAvAGe — The White House (@WhiteHouse) May 11, 2025 The rally gained momentum after the U.S. and China struck a trade agreement in Geneva, confirmed by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. A joint statement is expected soon. The deal follows months of tariff hikes, which had raised inflation concerns. Now, with tensions easing, investors are optimistic that April’s CPI data won’t reignite inflation fears . CPI Could Fuel Further Gains This upcoming Tuesday is CPI day again, and it will be very important to watch. CPI is one of the main indicators for the Fed, and this release could show whether tariffs are pushing inflation higher. The forecast is 2.3%. If the number comes in at or below that, markets will… pic.twitter.com/rPTu2pW8dy — Crypto | Stocks | Freedom (@Wealthmanagerrr) May 11, 2025 Meanwhile, April’s CPI is expected to show a slight slowdown, easing to 2.3% from 2.4% in March, according to RBC. Core CPI is expected to hold steady at 2.8%. Markus Thielen from 10x Research said if the numbers come in as expected, the market could interpret the report as bullish, possibly pushing Bitcoin beyond its previous high. Even a slightly hotter CPI might not hurt sentiment, as it would be seen as outdated, reflecting the impact of now-defused tariffs. Continuous ETF Inflows BlackRock’s spot Bitcoin ETF has seen 20 straight days of inflows , attracting over $5 billion. This, combined with the Fed’s decision to hold interest rates steady, has kept investor sentiment high. Chairman Powell even noted that the tariff’s impact on inflation is likely short-lived. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Coinpedia Digest: This Week’s Crypto News Highlights | 10 May, 2025 , Altcoins Join the Rally Ethereum posted its best weekly gain since 2020 , jumping 39% to $2,500. Dogecoin, ADA, XRP, and Solana also surged significantly. HTX Research reported that market conditions remain healthy, with Bitcoin options volatility stable and leverage still under control. Pi Coin jumped 33% to $1.25 , its trading volume also spiked 280% to $1.32 billion. Price Targets Heat Up #Bitcoin getting ready correct? or move higher? Was hoping for another clear 5th wave to complete this 5th wave impulse, but looks like we get chop. These fib levels still look good, and with the / announcement later, maybe there is still another leg before a bigger… https://t.co/RWz5RRZizU pic.twitter.com/wvuCX7L6KK — AlphaBTC (@mark_cullen) May 12, 2025 Analysts are now forecasting higher targets. AlphaBTC sees a test of $106K soon, while Egrag Crypto suggests $170K as a cycle top if BTC clears $109K. Former Binance CEO CZ is even more bullish, saying Bitcoin could hit $500K or $1 million this cycle . With no signs of overheating and strong catalysts in play, Bitcoin’s next breakout may just be around the corner. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var templateId = '6'; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: '409373c390', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs Why is Bitcoin price up today? Bitcoin’s price is up due to positive US-China trade talks, continuous ETF inflows, and expectations of a slow CPI report easing inflation fears. Are ETF inflows helping Bitcoin’s price? Yes, BlackRock’s Bitcoin ETF has seen 20 days of inflows, contributing to high investor sentiment and supporting Bitcoin’s price surge. How much will 1 Bitcoin cost in 2025? As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains. Will Bitcoin hit a new all-time high soon? Analysts predict Bitcoin may test $106K soon, with some forecasting up to $170K or even $500K if it clears $109K.
Rohun Vora, known by the pseudonym Frank DeGods, announced Monday that he resigned as CEO of the DeGods NFT project, concluding his three-year leadership of one of Solana’s foremost collections. Vora stated that leadership would pass to @0x_chill and @pastagotsauce, although neither has disclosed their real identity. Since its launch in 2021, DeGods evolved from a niche experiment into a multimillion-dollar community. Vora announced his departure on Monday via X with a candid message. He reflected on sleepless nights spent building both DeGods and its sister collection y00ts. He thanked the community for friendships made and assured followers that no legal issues were behind his exit. Frank DeGods Insists He Faced No Legal Issues and Isn’t on the Run He admitted that the project’s fixation on his “frank degods” persona may have become a roadblock. He noted at times “the hate was overdone” but understood its appeal as click-driven criticism. He further clarified that he committed no unlawful acts and affirmed that he is not evading any investigations. today is my last day as ceo of degods. my chapter is closing, but the story isn't over. @0x_chill & @pastagotsauce will be taking over. — Frank (@frankdegods) May 12, 2025 Although Vora offered no formal explanation for stepping down, his comments suggest a mix of personal reflection and community pressures. He expressed pride in the work achieved and optimism that a fresh perspective could drive DeGods forward without the distractions surrounding his own reputation. Series of Technical and Artistic Stumbles Precede CEO Exit The move follows a series of high-profile setbacks. In 2023 Vora oversaw the ill-fated migration of DeGods from Solana to Ethereum after Solana’s downturn post-FTX collapse . Moreover an overhyped Season 3 release later that year disappointed collectors with lackluster artwork and triggered a sharp drop in the project’s floor price. Meanwhile DeLabs, the studio behind DeGods, merged with Dust Labs in Feb. 2024 and saw co-founder Kevin Henrikson, also known as Kevin DeGods, depart around the same time. Observers interpreted those changes as a bid to streamline operations and redefine the roadmap after the project’s rocky transition. Subsequently, the launch of the DEGOD token in Sept. 2024 aimed to simplify the ecosystem but met mixed reactions from holders. Community debate over governance and tokenomics continued to swirl into early 2025, adding to the challenges faced by the founding team. Vora hinted at new ventures beyond the NFT space, possibly in artificial intelligence, and welcomed the opportunity to pursue fresh interests. His departure ushers in a new chapter for DeGods under undisclosed leadership. The post DeGods NFT Project’s Rohun Vora Steps Away from CEO Role appeared first on Cryptonews .
DUBAI, UAE, May 12, 2025 /PRNewswire/ — As the global blockchain community gathered in Dubai for Token2049, DeriW , the flagship perpetual DEX developed by CoinW , made a commanding impression across the city’s most prestigious Web3 gatherings. From high-traffic booths to elite networking events, DeriW showcased its cutting-edge platform designed to deliver zero gas fees , lightning-fast execution at 80,000 TPS , and institutional-grade security —redefining the decentralized trading experience. Throughout the week, DeriW reinforced its role as a catalyst in the evolution of DeFi, offering CEX-level speed, a frictionless UX, and an extensive range of tradable assets. For both retail traders and institutional players, DeriW is positioning itself as the go-to platform for seamless and efficient perpetual trading. Token2049 Main Event — A Hub of Influence and Opportunity Co-exhibiting with CoinW at booths 67–70 in Madinat Jumeirah—Token2049’s most frequented venue—DeriW attracted waves of traffic from crypto enthusiasts, developers, and high-volume traders. The DeriW team engaged in meaningful discussions with both new users and long-time followers of the platform. Prominent Key Opinion Leaders (KOLs) including William Grazioli, Carol Saab, and Murtuza J were among the industry veterans who visited the booth, offering valuable insights and reaffirming DeriW’s growing influence in the perpetual trading space. Their feedback, coupled with that of the broader community, is actively shaping DeriW’s product evolution and strategic direction. The event also served as a live demonstration space where traders could experience DeriW’s powerful trading environment first-hand. With its intuitive interface and deep liquidity pools, DeriW left a lasting impression as a high-performance alternative to legacy DEX platforms. Tomorrow’s Token by CoinW — Igniting Future Collaborations Held on April 28th, CoinW’s Tomorrow’s Token event brought together emerging innovators, top-tier KOLs, and Web3 founders in one of Dubai’s premier networking spaces. DeriW used this opportunity to initiate impactful conversations on DeFi accessibility, trading incentives, and the future of zero-gas perpetuals as well as engage with key KOLs in the local region. Key Speakers included Dr Marwan AlZarouni from Dubai Blockchain Center, Zaher El Orm from the DMCC Crypto Center who have influenced the growth of Crypto Adoption locally, as well as speakers from renowned projects like Hacken, AWS, Certik and others who shared industry insights. These meetings laid the groundwork for upcoming integrations, co-marketing campaigns, and ecosystem partnerships , each aligned with DeriW’s mission to deliver world-class DeFi trading infrastructure. Royal Night with Legends — A Night of Celebration and Connection Capping off a milestone week, DeriW participated in Royal Night with Legends on May 1st at the exclusive Nobu by the Beach in the Royal Atlantis Hotel—a venue recognized among the UAE’s most sought-after destinations. Hosted by CoinW, the evening was an overwhelming success , bringing together an elite mix of builders, innovators, and community thought leaders in a relaxed yet vibrant setting. It was a celebration not only of progress, but also of partnership and shared vision. The DeriW team deepened relationships with partners and collaborators, setting the stage for future joint campaigns and growth opportunities in key markets. What’s Next: Global Scaling in Sight Token2049 Dubai was more than just a showcase—it was a strategic milestone in DeriW’s global expansion journey. As the team prepares for the next phase of its Mainnet rollout , insights from traders, influencers, and ecosystem partners will directly shape platform enhancements, including deeper liquidity offerings, refined UI/UX upgrades, and more advanced trading tools. DeriW continues to demonstrate strong momentum during its testnet phase. To date, the platform, backed by CoinW’s infrastructure and expertise , has attracted over 110,000 traders , recorded more than $1.6 trillion in total trading volume, and secured over $15 billion in Total Value Locked (TVL) —a testament to the growing demand for scalable, gasless, and high-performance decentralized trading platforms. We extend our deepest thanks to everyone who visited our booth, participated in our events, and contributed to our continued growth. For those who missed us in Dubai—stay tuned. DeriW is just getting started, and a new era of decentralized trading is on the horizon. About DeriW DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum’s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed and trustless execution. To learn more about DeriW, you can visit the website , and follow DeriW’s X Account , and Telegram Group . Risk Disclaimer Trading cryptocurrencies involves substantial risk due to market volatility and may not be suitable for all investors. Prices can fluctuate significantly in a short period, and you should only invest funds that you can afford to lose. DeriW does not offer financial advice and is not liable for any losses resulting from trading activity. Past performance is not a guarantee of future outcomes. We strongly encourage you to conduct your own research and consult with a qualified financial advisor before making any investment decisions. Status Disclaimer DeriW remains in a pre-operational testnet phase, during which its trading services are not yet open to the public.
Japanese financial company Beat Holdings has raised its Bitcoin and ETF investment ceiling to $34 million and drawn $2.8 million from a credit facility to support additional purchases. Beat Holdings, a Tokyo-listed company, just bumped up its Bitcoin ( BTC ) and crypto ETF investment cap from ¥1 billion to a whopping ¥5 billion, saying in a press release that the board gave the green light to “enable the Group to continuously invest in cryptocurrencies and/or its ETF,” a fivefold jump from the initial plan revealed back in February. Beat Holdings said that so far, it has purchased approximately ¥1 billion (around $6.8 million) worth of the iShares Bitcoin Trust shares. Now, the Tokyo-listed company says macroeconomic trends and growing institutional interest in Bitcoin favor increasing investment cap. “This extra liquidity can spill over into global financial markets, supporting risk assets, including Bitcoin, especially since Bitcoin and related ETF has increasingly become a hedge against inflation and currency debasement.” Beat Holdings To support the expanded investments, Beat has drawn $2.8 million (¥400 million) from its revolving credit facility. You might also like: Japan’s FSA introduces new framework that divides crypto into two categories Founded in 1999, Beat Holdings is headquartered in Hong Kong and operates subsidiaries across Japan, Singapore, Malaysia, Indonesia, China, and Canada. Despite its broad geographic presence, the firm primarily focuses on delivering financial information and services within the Chinese market. In a January statement outlining its rationale for targeting cryptocurrencies and related ETFs, Beat cited the widespread adoption and long-term growth potential of Bitcoin and Ethereum ( ETH ). The firm also noted the 2024 approvals of ETFs for both assets by the U.S. Securities and Exchange Commission as a key driver. Beyond direct investment, Beat said it’s also exploring the acquisition of intellectual property linked to blockchain-based digital assets such as non-fungible tokens and altcoins, including rights to manga and anime characters. The company is also weighing the potential to create proprietary tokens and may establish or acquire cryptocurrency exchanges as part of its broader strategy. Read more: Will the rising Japanese yen affect Bitcoin and altcoin prices?
According to Bloomberg, the Chinese government will reduce the customs duty on US-origin products from 125% to 10% for 90 days. In response, the US reduced the 145% tariff on China to 30% for 90 days. Following the news, Bitcoin (BTC) rose above $105,000. The news will be updated as details come in… *This is not investment advice. Continue Reading: JUST IN! US-China Trade Deal Details Revealed! Bitcoin (BTC) Reacts!