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XRP ‘Hot Capital’ Jumps 135%—How Do Bitcoin & Solana Compare?

bitcoinist.com - Thu, 05/01/2025 - 14:00

On-chain data shows the XRP network has seen a strong jump in ‘Hot Capital’ recently. Here’s how this growth compares with Bitcoin and others.

XRP Among Cryptocurrencies Observing Surge In Hot Capital

In a new post on X, the on-chain analytics firm Glassnode has talked about how the Hot Capital of XRP has changed recently. The “Hot Capital” refers to that part of the cryptocurrency’s capital reserve that entered during the past week.

The capital reserve of any digital asset is measured through its “Realized Cap,” which is a capitalization model that calculates the total valuation of a cryptocurrency by equating the value of each token in circulation to the spot price at which it was last transacted on the network.

As the last transaction of any coin is likely to represent the last time it changed hands, the price at that time could be considered as its current cost basis. Thus, the Realized Cap essentially sums up the cost basis of all investors of the asset.

When this indicator’s value changes, capital could be assumed to be moving in or out of the cryptocurrency, depending on the direction of the change. In the context of the current topic, the Realized Cap of the entire network isn’t of interest, but only of a portion of it: the Hot Supply.

Below is the chart shared by the analytics firm that shows how the capital stored in the form of these young coins has changed for XRP during the last few months:

As is visible in the above graph, the Realized Cap associated with coins that moved during the last week has registered an increase for XRP recently, a potential signal that speculative capital is entering the cryptocurrency.

“XRP Hot Capital rose from $0.92B on 20 Apr to $2.17B on 28 Apr – a $1.25B (+134.9%) surge,” notes Glassnode. “Despite this rebound, the metric remains ~72% below its Dec 2024 peak of $7.66B.”

XRP isn’t the only digital asset that’s observing an increase in short-term holder activity. As the analytics firm has pointed out in other X posts, Bitcoin, Ethereum, and Solana have all witnessed a considerable rise in Hot Capital during the same period.

First, here is the chart for Bitcoin, displaying how the metric has gone through a 92% surge to $39.1 billion:

According to Glassnode, this turnaround in the Hot Capital is one of the fastest upticks that the indicator has seen for Bitcoin in recent months. Though the percentage increase witnessed by the metric is still lower than the one for XRP.

Ethereum and Solana are also similar in that, with ETH in particular notably lagging behind with only a 54% increase since April 17th.

While Hot Capital has grown across these cryptocurrencies, its value still remains far below the high observed earlier in the cycle, an indication that speculative activity hasn’t quite made a full comeback yet. More specifically, the indicator is sitting at 60% down for both Bitcoin and Ethereum, and 72% for XRP.

The asset that is currently the closest to making a return is Solana, with the metric being around 38% following a weekly jump of 100%.

XRP Price

XRP crossed the $2.30 mark earlier in the week, but it seems the asset has seen a pullback since then as its price is back at $2.17.

Whales Accumulate 43,100 Bitcoin In Two Weeks – Major Move Incoming?

bitcoinist.com - Thu, 05/01/2025 - 13:00

Bitcoin is up 28% from its April low, showing renewed strength as it continues to trade near the $95,000 mark. Bulls are firmly in control after weeks of steady gains, but momentum is beginning to slow. Price action at current levels suggests some exhaustion, and the market is now waiting for a clear breakout or breakdown to determine the next direction.

Global tensions, particularly surrounding ongoing trade conflicts and macroeconomic instability, continue to weigh on sentiment. Investors are cautious, and the lack of a decisive move above $100K is keeping markets on edge. Still, there are signs of growing confidence.

According to on-chain data from CryptoQuant, whales have quietly accumulated over 43,100 BTC in the past two weeks, worth nearly $4 billion at current prices. This level of accumulation is often seen as a bullish signal, particularly when paired with a broader risk-on environment.

The coming days will be critical for Bitcoin. A push above the $96K–$100K range could trigger a new leg higher, while a failure to break out may lead to a broader consolidation or even a correction. For now, all eyes remain on the whales—and on whether retail will follow.

Bitcoin Faces A Test As Whale Accumulation Strengthens Bullish Case

Bitcoin is now trading at a critical juncture as bullish momentum begins to slow following a strong recovery over the past few weeks. After reclaiming the $90K level and testing the $95K resistance zone, price action has cooled down, and the market is entering a consolidation phase. Bulls remain in control of the short-term structure, but a clear breakout above $100K is needed to confirm the next euphoric leg of this rally.

The current market sentiment is cautiously optimistic. On-chain activity has improved, and technical indicators still show bullish potential. Bitcoin appears to be building a base for a bigger move, especially after several healthy retests of lower support levels around $88K–$90K. However, macroeconomic risks continue to loom large. Ongoing geopolitical tensions, particularly between the U.S. and China, and fears of a global recession, could inject renewed volatility and keep investors on edge.

Despite these headwinds, on-chain signals are beginning to align with bullish expectations. Top analyst Ali Martinez shared data indicating that whales have accumulated over 43,100 BTC in the past two weeks—worth nearly $4 billion at current prices. This surge in accumulation often marks the start of stronger uptrends, as large holders position ahead of major moves.

The market is at an inflection point. If bulls manage to reclaim the $100K level, it would signal renewed investor confidence and likely open the door to price discovery. On the other hand, failure to break resistance could trap price in extended consolidation or even trigger a deeper correction. The coming days will reveal whether Bitcoin has the strength to sustain this rally—or if more patience is required.

BTC Price Analysis: Consolidation Continues Below Key Resistance

Bitcoin (BTC) is currently trading at $95,140 on the 4-hour chart, continuing its tight consolidation range between $94,500 and $95,800. After a strong breakout in mid-April, BTC surged past its 200-day SMA ($85,844) and EMA ($88,189), both of which are now acting as dynamic support zones. The price action shows bulls maintaining control, but facing increasing resistance near the $96,000 level.

Volume has declined slightly during the past few sessions, indicating a lack of strong conviction from either side. This low-volatility range could be the calm before a larger move. If BTC breaks above the $96,000 ceiling, a push toward the psychological $100,000 mark is likely, with the next major resistance set around $103,600.

However, a failure to hold this range could result in a healthy retest of lower support levels. Immediate downside risk lies at $91,000, with the 200 EMA and SMA around $88,000 serving as crucial support. Losing this zone could trigger a deeper retrace toward $84,000 or lower.

In the short term, BTC must either reclaim momentum with a breakout or risk falling back into a broader consolidation pattern. All eyes are now on volume and breakout confirmation.

Featured image from Dall-E, chart from TradingView

Crypto Adoption Is Inevitable — Eric Trump Says Banks Must Adapt or Go Extinct

bitcoinist.com - Thu, 05/01/2025 - 11:30

Eric Trump, Executive Vice President of the Trump Organization, issued a strong message to traditional financial institutions during a recent interview with CNBC: adapt to the evolving crypto economy or risk becoming extinct.

Speaking from Dubai, where he has been active with real estate developments and observing the region’s growing interest in cryptocurrency, Eric expressed skepticism about the legacy financial system’s ability to stay relevant in the face of rapid blockchain innovation.

Describing current banking infrastructure as outdated, Eric Trump criticized traditional systems such as SWIFT, the global messaging network used for international financial transactions, calling it inefficient and costly.

He argued that blockchain technology offers more efficient alternatives that could replace traditional systems altogether. Eric said:

There’s nothing that can be done on blockchain that can’t be done better than the way the current financial institutions are working.

From Real Estate to DeFi: Eric Trump’s Crypto Advocacy in the UAE

Eric’s comments came as part of a broader discussion about the United Arab Emirates’ emergence as a key player in the global cryptocurrency sector.

The country, particularly cities like Abu Dhabi and Dubai, has made significant strides in attracting blockchain companies and developing a regulatory framework favorable to digital assets.

Eric, who has visited the region frequently due to Trump-branded real estate projects, described the UAE as a leader in the transition to decentralized finance.

He also emphasized his personal shift toward digital assets, citing what he views as systemic bias within the U.S. financial system. “Our banking system favors the ultra-wealthy,” Eric stated, adding that political bias has further marginalized certain user groups.

This realization, he explained, prompted him to explore the crypto ecosystem, which he sees as a more inclusive alternative. He has previously made bold predictions about Bitcoin’s future, including a forecast that it could reach $1 million, shared during his appearance at the Bitcoin MENA 2024 conference.

Financial Sector Responds to DeFi Threats

While Eric’s remarks reflect a broader enthusiasm for decentralized finance, many traditional institutions are already responding to the rise of digital assets. Banks like JPMorgan and Goldman Sachs have introduced blockchain-based services and crypto trading platforms, signaling that legacy financial firms are not ignoring the shift.

However, others in the sector remain cautious, pointing to the risks associated with unregulated assets, including market volatility, fraud potential, and the absence of clear consumer protection mechanisms.

Eric highlighted the speed and cost advantages offered by decentralized applications. “You can open up a DeFi app… and you can send money, wallet to wallet, instantaneously,” he said, contrasting the experience with the slow, fee-heavy transactions common in traditional banking.

The tension between these two financial models continues to grow as consumers demand more accessible and transparent financial services.

Featured image created with DALL-E, Chart from TradingView

Bitcoin Mining Could Have Prevented Blackouts In Spain And Portugal, Says Expert

bitcoinist.com - Thu, 05/01/2025 - 10:00

As investigators pore over the chain of events that plunged large swathes of Spain, Portugal and parts of southern France into darkness earlier this week, a prominent figure in the Bitcoin mining sector has argued that the catastrophe was “highly unlikely” to have unfolded had the Iberian grid been equipped with large-scale, fast-acting mining operations.

Daniel Batten, an advisory-board member of Marathon Digital Holdings (NASDAQ: MARA) and co-founder of climate-technology investor CH4 Capital, used X to critique what he called the “partial” nature of Europe’s renewable-energy transition. Batten posted a real-time generation snapshot taken at 12:30 p.m. local time, just five minutes before the cascading failure, showing the grid “running with very little … dispatchable spinning generation,” the rotating mass of thermal or nuclear turbines that traditionally provides inertia and frequency stability.

Bitcoin Mining May Hold The Key

“Would large-scale Bitcoin mining deployment have prevented the power outages in Spain/Portugal?” he asked. “Short answer: ‘Yes.’” Batten contends that, in the absence of inertia from conventional plants, “renewables don’t [provide it], making the grid more fragile if you don’t have a way to very rapidly load-balance in the case of an outage.”

Bitcoin miners, he argues, supply precisely that controllable load. In Texas, whose ERCOT system recorded wind-and-solar penetration of 76% on one spring day, grid operators can curtail roughly 3 GW of mining demand in “under a second.” That capability, Batten wrote, “consistently and instantly balance[s] frequency in lieu of spinning reserve,” allowing ERCOT to ride through sudden supply-demand mismatches that would otherwise trigger the same automatic protections that collapsed the Iberian grid.

“What happened in Spain and Portugal is not an inherent risk of renewables,” Batten continued. “It’s what happens when the renewable-energy transition is done in a partial way, without due consideration to load balancing … We have the solutions right under our noses, let’s start using them.”

Batten’s post drew immediate push-back from some. X user Aurum Digitalis replied that “the longer short answer is: We don’t know. But it would have helped the grid by acting like a flexible load.” Batten accepted the epistemic caution while maintaining his thesis: “Correct, the only way you can know something with certainty is if it happens. Equally, there is good evidence to say it’s highly unlikely the event would still have happened … given that the root cause … was lack of spinning reserve at the time.”

Spanish and Portuguese authorities have so far attributed the blackout to a “significant power imbalance” that triggered automatic shutdowns designed to protect critical equipment. They have ruled out cyber-intrusion and are focusing on a technical failure somewhere in the synchronous Iberian Peninsula grid. Full service was restored overnight, but the incident has reignited debate over how quickly dispatchable backup and advanced demand response must scale as Europe approaches its 2030 renewable-energy targets.

Batten insists that Bitcoin mining should be part of that toolkit, alongside batteries. He notes that mining infrastructure is “modular and low-cost to deploy” and can reduce retail tariffs by absorbing excess generation that would otherwise be curtailed at the grid operator’s expense. Batteries, he adds, “are part of the solution too,” but serve a different niche because they deliver energy, whereas miners primarily absorb it on cue.

At press time, BTC traded at $94,503.

Crypto Fraud Goes Postal: Ledger Customers Hit By Seed Phrase Scam

bitcoinist.com - Thu, 05/01/2025 - 10:00

Thieves have opened a new front against cryptocurrency users with fake letters delivered by regular postal mail targeting owners of Ledger hardware wallets.

The letters misleadingly tell recipients they need to confirm their private seed phrases for a “critical security update,” according to reports posted on social media site X on April 29.

Physical Letters Impersonate Official Communications

Tech pundit Jacob Canfield uncovered the scam when he received such a letter to his home address. The scammers use Ledger’s official logo and business address, and also a reference number to make it look legitimate. It tells the recipients to scan a QR code and input their wallet’s private recovery phrase, stating that this will authenticate their device.

The letter uses pressure measures, threatening that “failure to complete this required validation process may lead to limited access to your wallet and funds.”

Security professionals caution that anyone who does this would be essentially surrendering total control of their cryptocurrency assets to cybercriminals.

Breaking: New scam meta launched. Now they’re sending physical letters to the @Ledger addresses database leak requesting an ‘upgrade’ due to a security risk.

Be very cautious and warn any friends or family that you know is in crypto and is not that savvy. pic.twitter.com/XoUAGQBJXt

— Jacob Canfield (@JacobCanfield) April 28, 2025

Recovery Phrases: Keys To Crypto Kingdoms

A seed phrase or recovery phrase is a list of up to 24 words that is the master key to a cryptocurrency wallet. Whoever comes into possession of this phrase has complete control of the corresponding wallet and is able to send all the funds to other wallets. These phrases are incredibly valuable for a target of scammers because of it.

The hardware wallet firm also confirmed the letters were fake. Ledger issued the following statement after Canfield’s post:

“Ledger will never call, DM [direct message], or request your 24-word recovery phrase. If it happens, it’s a scam.”

The firm also warned customers against interacting with accounts purporting to be Ledger staff or anyone that provides assistance with fund recovery.

Possible Connection To Previous Data Breach

The mail scam can be linked to a significant security hack that occurred close to five years back. Hackers in July 2020 compromised Ledger’s database and revealed the personal details of over 270,000 clients.

This is not the first time physical mail has been used by criminals to target users of cryptocurrency. In a 2021 Bleeping Computer report, several Ledger users reported receiving fake Ledger devices in the mail. Those fake devices were programmed to drop malware when plugged into a computer.

The stolen data comprised names, phone numbers, and residence addresses – data through which this mail scam would be feasible.

Canfield made this link in his social media announcement, pointing out that scammers seem to be targeting Ledger users whose information was hacked in that breach.

The most recent mail scam is a development in strategy, a mix of conventional mail fraud with cryptocurrency theft strategies.

Security researchers recommend that the owners of hardware wallets keep in mind that any legitimate firm will never request recovery phrases under any circumstances, even if a message appears to be official.

Featured image from Joint Base San Antonio, chart from TradingView

Ищем слом тренда: как использовать Parabolic SAR в криптотрейдинге

bits.media/ - Thu, 05/01/2025 - 09:22
Зарабатывать на крипторынке во время тренда, резкого роста или падения, достаточно просто. А вот что действительно сложно, так это точно определить момент разворота настроений инвесторов. Иногда криптотрейдерам в этом помогает индикатор Parabolic SAR.

Dogecoin Price Completes Bullish Rounded Bottom, Moves Into Range For This Breakout

bitcoinist.com - Thu, 05/01/2025 - 08:30

A new technical analysis has revealed that the Dogecoin price has officially completed a bullish rounded bottom pattern, signaling a potential trend reversal and paving the way for a significant price rally. Supporting the possibility of a breakout, Dogecoin is also entering into a critical range, with analysts closely watching for a decisive move that would confirm the start of a new bullish phase

Dogecoin Bullish Rounded Bottom Confirmed

A 4-hour Dogecoin price chart shared by Bitguru, a crypto analyst on X (formerly Twitter), displays a textbook rounded bottom pattern. This technical pattern is seen as a classic bullish structure and forms when a cryptocurrency’s price moves in a bearish trend and rebounds, creating a gradual U-shaped curve. 

Dogecoin’s current rounded bottom pattern formed after it experienced a prolonged downtrend from the $0.205 zone to a low of $0.130, showing strong bearish momentum. Following the market dump in early April, Dogecoin began to form higher lows and gradually curve upward, indicating that buyers are finally gaining strength and accumulation is increasing.

The rounded structure, labelled “Bullish Beauty,” in the price chart shows two key lows—the first bottom around $0.13009 and the second higher low near $0.15217. These lows form the characteristic U shape seen in bullish, rounded bottom patterns. This structure suggests that bears are losing steam, highlighting a significant shift from bearish to bullish territory. 

Bitguru has identified the $0.16661 and $0.18028 levels as critical resistance zones during Dogecoin’s previous downtrend. However, these levels have been breached, with strong bullish candles confirming the breakout. 

Currently trading at $0.18 with substantial momentum and volume, DOGE has entered a consolidation phase above its breakout zone, suggesting strength and a likely continuation of an upward trend. 

With bullish sentiment and technical indicators aligning, Bitguru reveals that buyers are preparing to drive the Dogecoin price to a fresh all-time high. A breakout above the resistance range near $0.19 – $0.2 would further invalidate the bullish setup, signaling strong upward momentum.

DOGE Price Approaches Critical Breakout Range

The Dogecoin price could be gearing up for a significant breakout, as crypto analyst Trader Tardigrade revealed in an X post that the meme coin is now entering a critical range level. On the 4-hour chart, DOGE has been moving sideways in two distinct range-bound periods over the past few weeks. 

During these phases, the meme coin’s price action has exhibited a classic “false break” behaviour. In the first observed range, Dogecoin witnessed a false breakdown, dipping below the support level before recovering slightly. 

This move was followed by a false breakout, during which the price surged above the resistance line but quickly retraced. Eventually, Dogecoin managed to move above the range, establishing a new consolidation zone at a higher level. 

A similar pattern has now emerged in the current range. DOGE briefly dropped below support in a false breakdown, and afterwards, it attempted a false breakout above the resistance — only to be pulled back into the range. Trader Tardigrade suggests that after multiple failed attempts to break the range meaningfully, Dogecoin is primed for a true breakout, potentially triggering a rally to $0.19.

Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move

bitcoinist.com - Thu, 05/01/2025 - 07:00

The second-largest crypto asset, Ethereum, is again capturing market attention as bullish momentum builds, but its path to reclaiming higher price levels and maintaining a strong rally is far from guaranteed. As ETH shows strength, crypto analysts point to key zones that might bolster the altcoin’s renewed upward trend.

A Pivotal Price Point To Spur Ethereum’s Rally

Over the past few days, Ethereum has demonstrated notable bullish performance, recovering levels such as $1,800. While ETH’s price may seem poised for an extended rally, a crucial level has emerged as the next hurdle that will determine the continuation of the current uptrend.

After a series of higher lows, Rose Premium Signals, a technical analysis platform, has highlighted ETH’s potential to continue its rally. Several critical indicators are pointing to a significant upside, but the altcoin’s true potential lies in breaking the $2,200 mark. 

Historically, this zone has acted as a strong support for ETH, reflecting its resilience at this level. According to the platform, Ethereum must close a daily candle above the orange zone at $2,200 to validate the extension of the ongoing bullish trend.

When the $2,200 mark is broken, the development would spark a strong rally towards the $4,000 target. However, if momentum is not maintained here, a drop may occur, making this price point a pivotal battleground for both bulls and bears. In the meantime, Rose Premium Signals suggests a cautious approach as long as ETH’s price remains below this point.

Rose Premium Signals’ technical analysis strongly aligns with that of Kamran Asghar, a crypto expert and trader. In his analysis shared on the X (formerly Twitter) platform, the expert noted that Ethereum is building momentum within a Bull Flag pattern.

A bull flag formation is a chart pattern that hints at the continuation of an uptrend. Specifically, this chart pattern emerges after a period of upside price movements, which is followed by a consolidation phase within a channel.

Asghar also confirms that the altcoin has made a Golden Cross, indicating growing momentum. Even though a golden cross has been confirmed on the chart, the expert asserted that “ETH needs to close above $2,200 for a bullish trend.” Considering the price action, Asghar is confident that ETH will explode to about $16,414 by early 2026.

Interest In ETH Rising Among Big Investors

The anticipated rally is likely to be supported by the renewed interest in Ethereum among big investors or whales. Ted Pillows reported a positive sentiment among these investors as they significantly accumulated ETH during recent price spikes.

On-chain data shows that large investors purchased nearly 30,000 ETH, valued at $50.24 million, in less than 4 hours. Such massive accumulations by these big players indicate strong conviction in the altcoin’s long-term performance. With rising buying pressure, ETH could attract enough momentum to push toward higher levels in the upcoming days.

Bitcoin STH YoY Realized Price Well Below 2021 Highs – Room For Growth?

bitcoinist.com - Thu, 05/01/2025 - 05:30

Bitcoin has been consolidating in a tight range between $92,000 and $96,000 since last week, frustrating both bulls and bears as volatility compresses. This narrow trading band is unlikely to last much longer—once Bitcoin breaks out of this range, analysts expect a sharp and aggressive move in either direction. For bulls, a confirmed surge above the psychological $100K mark would signal the beginning of a new rally phase and potentially lead the market into uncharted territory.

Despite macroeconomic uncertainty and global trade tensions, investor sentiment remains cautiously optimistic. Supporting this view is recent on-chain data shared by top analyst Axel Adler. According to Adler, the Short-Term Holder Year-over-Year (STH YoY) Realized Price is currently at 58%, suggesting that Bitcoin is still early in its speculative expansion phase. In past cycles, this metric reached 165% and 144% during the $70K and $100K peaks, respectively—levels that historically triggered active profit-taking.

The current reading shows significant room for further growth before entering overheated territory, implying that the ongoing consolidation could be a launchpad for a broader uptrend. As volatility builds, market participants are closely watching for a decisive breakout in the days ahead.

Bitcoin Faces Resistance As Analysts Call for Consolidation Before the Next Move

Bitcoin is currently testing resistance after a strong multi-week rally that pushed it from April lows near $74K to just below the $96K mark. While price action remains bullish, many analysts agree that a period of consolidation or a slight retracement is necessary to build a sustainable base for the next leg higher. The broader market is showing similar behavior, with several altcoins stalling just below major resistance zones.

Despite this pause, Bitcoin continues to hold above the $90K level—a key psychological and technical area that has now become a battleground for short-term momentum. If bulls maintain control above this level, it increases the probability of a breakout toward six figures. However, a breakdown below $90K could trigger a longer consolidation phase in the $85K–$95K zone.

Axel Adler notes that the current year-over-year (YoY) figure stands at 58%, a level significantly below the peaks of previous market tops. During Bitcoin’s prior major tops at $70K and $100K, the YoY metric hit 165% and 144%, respectively. If this cycle mirrors past behavior, Bitcoin would need to surge to approximately $171K from its current $94K level for the YoY metric to match those previous euphoric peaks.

This suggests that, despite current resistance, Bitcoin may still have significant room to grow before entering overheated territory. For now, traders are watching closely to see whether BTC will consolidate and gather strength—or surprise the market with an aggressive breakout above $100K.

BTC Holds Strong Amid Mounting Pressure

Bitcoin is trading at $95,000 after spending several days consolidating within a tight range near this level. Bulls are trying to reclaim momentum, but selling pressure continues to intensify around the $96K resistance zone. Despite the recent strength, Bitcoin has struggled to break out decisively and needs a strong catalyst to push toward the psychological $100K level.

If BTC manages to push through the $96K barrier, it could trigger a surge in bullish momentum and invite a wave of new buyers. However, if bulls fail to maintain current levels and the price slips below $90K, all eyes will be on the $88,500 support — the area aligned with the 200-day moving average. Holding this level would demonstrate structural strength and maintain the uptrend, signaling that buyers are still in control.

On the other hand, a decisive breakdown below $88,500 could open the door to a deeper correction, potentially dragging BTC into the $80K range. As macroeconomic uncertainty and global tensions continue to shape market sentiment, the coming sessions will be critical in determining Bitcoin’s short-term direction. Bulls must act soon to defend key levels and reignite momentum.

Featured image from Dall-E, chart from TradingView

XRP ETF Not Launching Soon, Why Are Investors Looking At These Two Dates?

bitcoinist.com - Thu, 05/01/2025 - 04:00

Contrary to some earlier reports, asset manager ProShares has indicated that its XRP ETF will not be launching soon. Meanwhile, a prominent member of the XRP community has hinted that May 1st and June 9th are two dates that community members should look forward to. 

ProShares Debunks XRP ETF Launch Data

A ProShares spokesperson has debunked reports that the firm’s XRP ETF is set to launch on April 30. The spokesperson confirmed that there are no ETF launches scheduled for April 30 and there was no update to share on a potential launch yet. 

In an X post, Bloomberg analyst James Seyffart also debunked the April 30 rumors for the ProShares XRP ETF launch. He stated that they have confirmed that this is not the case and that there is no launch date yet. However, he stated that they believe the ETF will launch, likely in the short term or possibly the medium term. 

Although the exact launch date remains unknown, ProShares, in a recent SEC filing, proposed that the XRP ETF should go live on May 14. However, this is undoubtedly still subject to approval from the Commission. It is worth mentioning that the ETF is based on XRP futures, not spot, and will not provide direct exposure to the altcoin but to leveraged contracts instead. 

Earlier this month, Teucrium Investment Advisors launched the first-ever leveraged XRP ETFs in the US. Besides the potential launch of another leveraged XRP ETF, another event worth looking forward to in May is the launch of the CME Group XRP futures. The derivatives exchange announced earlier this month that it will add XRP futures to its crypto suite on May 19, pending regulatory approval. 

The XRP futures launch would further solidify the case for the approval of a Spot XRP ETF. The SEC recently delayed its decision on Franklin Templeton’s XRP ETF, but Seyffart explained that it was to be expected. The analyst doesn’t expect the SEC to approve or deny the fund until later in the year, possibly in the fourth quarter. 

Two Dates To Keep An Eye On 

While asset managers have shown their intention to offer XRP-related investment products, others like BlackRock seem still hesitant, with the world’s largest asset manager yet to make any filing. However, Bale, a prominent XRP community member, suggested that it won’t be too long before BlackRock also files for an XRP ETF and revealed two dates to keep an eye on. 

In an X post, he stated that he had met with someone from BlackRock who gave him May 1 and June 9 as the two dates to watch. This has raised speculations that the asset manager could file for an XRP ETF on one of these days.

Crypto Clean-Up Down Under: Australia To Crack Down On Inactive Exchanges

bitcoinist.com - Thu, 05/01/2025 - 02:30

Australia’s financial regulator is going after inactive crypto companies still appearing on official lists. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed Tuesday that it would remove registrations from exchanges that have ceased trading but are still on their books.

‘Use It Or Lose It’ Warning To Dormant Exchanges

AUSTRAC has noticed a concerning pattern among the 427 registered Australian cryptocurrency exchanges. They are largely abandoned but still active on the register.

Chief Executive Officer Brendan Thomas sounded a dire warning to these ghost operations. “We’re warning these businesses: use it or lose it,” Thomas said. The agencies suspect criminals will purchase these idle businesses and utilize their current registrations.

Any transaction that exchanges money for crypto, such as ATM operators, are required to be registered with AUSTRAC by existing regulations. The agency monitors money laundering, terrorist financing, and tax evasion through these enterprises.

AUSTRAC warns inactive crypto exchanges to deregister or face cancellation

Australia’s anti-money laundering regulator, @AUSTRAC, has warned inactive cryptocurrency exchanges, including FTX Express and AccE Australia, that their registrations will be canceled unless they…

— CoinNess Global (@CoinnessGL) April 29, 2025

10 Registrations Already Cancelled Since 2019

AUSTRAC has not shied from stripping away approvals when the need arises. Ten companies have had their registrations canceled in the last five years, according to records. The latest was against FTX Express in June 2024, Australia’s arm of collapsed global crypto exchange FTX.

The cancellations demonstrate AUSTRAC’s authority to strike companies from their register when there is reasonable ground to suspect that they no longer exist or provide crypto services.

Public List Coming To Assist Australians Identify Genuine Providers

In an effort to safeguard consumers, AUSTRAC is set to release an official list of registered exchanges. This move will assist Australians in verifying whether a crypto service is genuine before risking their money.

Members of the public should feel confident that they can identify legitimate cryptocurrency providers that are registered and subject to regulatory oversight, Thomas explained. “We are driving criminals out of this industry,” he said.

The list aims to improve trust in the crypto sector by making it easier to spot properly registered businesses.

Broader Crackdown Underway As Election Approaches

AUSTRAC’s targeting of ghost exchanges is part of its wider enforcement drive. In February, the regulator took action against over a dozen remittance providers and exchanges. Sources indicate around 50 other businesses are under investigation for potential rule breaches.

Six providers were denied renewal of registration because major personnel had been convicted, charged, or prosecuted for major offenses.

This purge arrives as Australia continues to develop broader crypto regulations. The governing Labor Party initiated discussions with industry specialists on new regulations in August 2022. In March this year, the government put forward regulating exchanges under current financial legislation.

These moves to regulate are gaining heightened importance ahead of a federal election set for May 3, demonstrating how digital currency regulation has become a key political priority in Australia.

Featured image from Gemini Imagen, chart from TradingView

Dogecoin Price To $10? Why The 21Shares ETF Filing Could Signal Good Things To Come

bitcoinist.com - Wed, 04/30/2025 - 23:30

The conversation surrounding Dogecoin may be gradually shifting, and recent market developments suggest that the meme coin could be poised to reach new all-time highs. The most recent development involves Nasdaq submitting a 19b-4 form to the U.S. Securities and Exchange Commission (SEC), seeking approval to list and trade shares of the 21Shares Dogecoin ETF. This follows 21Shares’ earlier S-1 registration filed on April 10, which aims to offer investors regulated access to DOGE.

Dogecoin ETFs Might Be Coming To Wall Street Soon

On Tuesday, Nasdaq submitted a 19b-4 form to the U.S. Securities and Exchange Commission (SEC), formally seeking approval to list and trade the 21Shares Dogecoin ETF. This submission builds upon 21Shares’ earlier S-1 registration, which not only laid out the structure of the proposed ETF but also revealed an “exclusive” partnership with the House of Doge.

Although the ETF cannot be launched without final approval from the SEC, Nasdaq’s 19b-4 filing marks a critical milestone in the regulatory process. It represents the second and final formal step required to propose a spot cryptocurrency ETF for review. Once the SEC acknowledges the filing, it will be published in the Federal Register, and the official review period will commence, during which the agency will consider whether to approve, reject, or delay the decision.

This ETF, if given the green light, would allow institutional investors to gain exposure to DOGE through a regulated financial product, thereby opening up the meme coin to large capital flows.

DOGE At $10: This Might Not Be So Far-Fetched Anymore

For Dogecoin to reach $10, it would require a massive expansion in its market capitalization, an outcome that once seemed entirely out of reach. Dogecoin has been the subject of various technical analyses of price rallies, with targets even exceeding $10. Now, a growing momentum around a spot Dogecoin ETF and rising institutional interest provide a strong backing. 

One of the strongest indicators that such a leap is not impossible lies in the precedent set by Bitcoin. When the Spot Bitcoin ETFS were finally approved in early 2024, they triggered a surge of capital inflows from both institutional and retail investors. Dogecoin, the king of meme coins, is now positioned to follow a similar route. Although the $10 may not happen overnight, the path to this target is becoming clearer with developments like this Nasdaq ETF filing. 

The SEC is currently reviewing multiple filings related to the listing of Spot Dogecoin ETFS, with funds such as Bitwise also awaiting approval. In total, there are about 70 applications for crypto ETFs currently being reviewed by the SEC. According to analysts at Bloomberg, there is a 75% chance of approval of a DOGE ETF in 2025. 

At the time of writing, Dogecoin is trading at $0.174.

Bitcoin Whales Hedge Their Bets As Short Interest In BTC Spikes – What Does This Mean For Price?

bitcoinist.com - Wed, 04/30/2025 - 22:00

After breaking past the pivotal $90,000 mark, Bitcoin’s price has remained strongly above this threshold, recording notable gains in the past few days. However, the renewed upward trend is now being faced with growing bearish sentiment from large BTC investors as they load up short positions.

Whales Renew Interest In Bitcoin Shorts

In a shocking shift of sentiment, Bitcoin’s large investors or whales are once again betting against the flagship asset’s recent rally. Alphractal, an advanced on-chain data and investment platform, reported the change in investor mood, pointing to increased concern among these big market players.

According to the on-chain platform, whales are closing long positions around the $95,000 level and displaying renewed interest in short positions. This fresh interest in shorts implies that large investors may be expecting turmoil in the future despite Bitcoin hovering close to recent highs.

While whales are shorting BTC, retail or short-term investors remain focused on bullish narratives and hope for an extension of the ongoing upward trend. The platform revealed the shift in whale sentiment after investigating the Bitcoin Whale Position Sentiment metric. 

Bitcoin Whale Position Sentiment is an effective compass for determining market tops and bottoms because it has a 93% historical association with BTC’s price behavior. Specifically, this cutting-edge indicator monitors the biggest trades, greater than $1 million, on major crypto exchanges as well as aggregated Open Interest (OI). Furthermore, it reveals the positions of major players in crypto derivatives by acting as a sentiment oscillator.

Even as BTC’s price increases, when the indicator begins to decline, it indicates that whales are starting to enter short positions. However, when it begins to climb up, it implies that whales are entering long positions, which is usually followed by price rises.

Following the decline in the sentiment indicator, Alphractal noted that Bitcoin’s price is likely to witness a pullback if the drop persists. As conviction among big investors weakens, BTC market dynamics could be setting the stage for a sustained and volatile move.

It is worth noting that this bearish behavior from whales has been observed in the past few days around $95,000. João Wedson, an on-chain expert and author, stated that the $95,000 mark is now a caution zone due to the high level of shorts.

Critical Areas In BTC’s Price Dynamics

Following the move back into the prior range, Daan Crypto Trades highlighted that Bitcoin has been compressing once more in recent days. As the asset fights to maintain an upward trajectory, a key level below, with the range low and daily 200 Moving Average (MA) is located between $89,500 and $91,000.

On the upside, there is the local high at $99,500, which is approximately the middle range, and the enormous $100,000 psychological area. Daan Crypto Trades contends these are good levels to monitor in the intermediate term. “Currently just a waiting game of where this wants to head next in the short term,” he added.

UK Sets The Stage For New Crypto Regulation With Draft Rules On Exchanges And Stablecoins

bitcoinist.com - Wed, 04/30/2025 - 19:00

On Tuesday, the United Kingdom took a significant step toward regulating the cryptocurrency industry by publishing draft legislation aimed at establishing a comprehensive regulatory framework for digital assets. 

Speaking at a fintech event, UK Finance Minister Rachel Reeves emphasized the government’s commitment to making the UK a global leader in the digital assets space while fostering greater collaboration with the United States.

New Crypto Regulations In The UK

The proposed regulations are designed to bring cryptocurrency exchanges, dealers, and agents into the regulatory fold, addressing concerns over bad actors and ensuring that legitimate innovation can thrive. 

According to a statement from the UK Treasury, firms operating with UK customers will be required to adhere to standards concerning transparency, consumer protection, and operational resilience—similar to the requirements imposed on traditional financial institutions.

In her address, Reeves highlighted the importance of international cooperation in achieving the UK’s ambition of leading in digital assets. “For the U.K. to be a world leader in digital assets, international cooperation is vital,” she remarked, referencing her recent discussions with US Treasury Secretary Scott Bessent regarding a potential trade deal

The Finance Minister reiterated the government’s stance that regulation should support business growth rather than hinder it. “Regulation must support business, not hold it back,” she stated, signaling her commitment to creating an environment conducive to innovation while maintaining strict oversight to protect consumers.

Concerns Grow Over FCA’s Restrictive Approval Process

Industry insiders have voiced concerns regarding the Financial Conduct Authority (FCA), the UK’s financial services watchdog, which has been criticized for its restrictive approach in approving registrations for digital asset firms

The FCA is responsible for regulating firms that provide crypto services in compliance with money laundering regulations. As the UK moves forward with its regulatory framework, there is hope that the FCA will adopt a more balanced approach that encourages growth while ensuring compliance.

Reeves also announced plans to launch the first-ever Financial Services Growth and Competitiveness Strategy on July 15, coinciding with her Mansion House speech. This strategy aims to support long-term growth in the financial services sector, with fintech identified as a priority area for investment and development across the UK

The government intends to finalize the crypto asset legislation as soon as possible, engaging with industry stakeholders to refine the draft provisions. 

This approach aims to create a regulatory environment that not only boosts investor confidence but also protects consumers from fraud and market instability.

Featured image from Shutterstock, chart from TradingView.com 

Bitcoin Becomes New ‘Space Race’ Between Nations, Says White House

bitcoinist.com - Wed, 04/30/2025 - 19:00

The White House has explicitly framed Bitcoin accumulation as a geopolitical imperative, likening it to a 21st-century “space race.” In an exclusive interview recorded inside the Eisenhower Executive Office Building, Bo Hines, Executive Director of the President’s Council on Digital Assets, spoke with Bitcoin Magazine political correspondent Frank Corva and Riot Platforms head of policy (and former White House deputy communications director) Brian Morgenstern.

Hines framed the administration’s first 100 days as a deliberate reversal of the “lawfare” that had hounded the crypto sector. “The President made promises on the campaign trail,” Hines said at the outset, “and he’s delivered on many of those promises thus far, but we still have quite a bit of work to do.”

The Bitcoin ‘Space Race’

Central to that is the launch of a Strategic Bitcoin Reserve (SBR) and a broader Digital Assets National Stockpile. The goal, Hines explained, is to secure as much of the digital gold as fiscal prudence permits. “We recognize bitcoin as being unique and we’ve said repeatedly that we view Bitcoin as digital gold,” he said.

When asked how much bitcoin the United States hopes to amass, Hines dismissed the premise: “That’s a silly question. That’s like asking any country how much you want of any asset with intrinsic stored value. You want as much as you can possibly accumulate.” Statutory language requires all accumulation to be budget-neutral, but Hines voiced confidence that “high-IQ people in this administration, specifically over at Treasury and Commerce,” will “come up with extremely creative ways for us to accumulate.”

That intent is animated by an explicitly geopolitical lens. “There is definitely a sort of space race as it pertains to accumulation of this asset,” Hines said. “We’ve positioned ourselves to be the bitcoin superpower of the world.” The analogy to the twentieth-century contest for extraterrestrial dominance recurred throughout the conversation; in the administration’s view, hash rate, custody competence and sovereign reserves may soon count as strongly as launch pads once did.

Hines credited much of the early velocity to what he called a deliberate infusion of private-sector talent into government. David Sacks, named both AI and “crypto czar,” was singled out for lending the expertise of Silicon Valley venture capital to federal decision-making. “We’re finally testing the hypothesis… what happens when you take a bunch of private-sector actors who have been successful and inject them into government?” Hines said, arguing that three months of regulatory reversals and policy construction already vindicate the experiment.

The White House’s demolition-construction-implementation roadmap is aggressive. Stage one—removing “burdensome regulations that really stifled innovation”—is already under way with lawsuits dropped by the Securities and Exchange Commission and new banking guidance designed to make the United States, in Hines’s words, “the most pro-crypto-friendly environment that possibly exists in the world.”

Stage two entails shepherding both stablecoin and market-structure bills through Congress. “We want to make sure we deliver on the President’s wishes to get both pieces of legislation on his desk before August recess,” Hines declared, predicting bipartisan passage. Stage three, scheduled to begin once a statutory framework exists, will integrate blockchain rails into conventional payments—an overhaul Hines said could become the signature achievement of the President’s second term.

Open Questions

That timetable is undergirded by a 180-day inter-agency report mandated by the executive order, meant to articulate how federal departments will operate under the forthcoming legal architecture. Treasury has already audited existing government-held Bitcoin (deadline was April 5); Hines said every relevant agency “has been extremely cooperative in producing what they have,” with consolidation now in progress.

One open question is how the government will acquire new coins. Policymakers have floated ideas ranging from revaluing gold certificates to leveraging federal energy assets for on-site mining. Hines declined to privilege any single path. “We can do this in numerous different ways,” he said, emphasizing speed and practicality. “What can we move on in the quickest fashion, and how can we start this accumulation process in the most expeditious manner possible?”

The administration is also trying to strike a balance between blockchain transparency and individual privacy. Hines rejected the notion that crypto rails are uniquely hospitable to illicit finance—“You’re a pretty dumb criminal if you want to use digital assets to do something nefarious, because that can be traced publicly”—while acknowledging the importance of self-custody and anonymity for lawful users. “It is a delicate balance, but it’s one that we can strike very effectively,” he said, adding that the world will “look to the US” for precedent.

As the interview concluded, Hines framed the initiative as both domestic necessity and international contest. If legislation passes and the Strategic Bitcoin Reserve begins accumulating before year’s end, he argued, “we will be the crypto capital of the world at that point.” Whether other nations accept that outcome—or accelerate their own sovereign accumulation—now depends on how seriously they take the United States’ declaration that Bitcoin is the new battlefield where economic superpowers measure their reach.

At press time, BTC traded at $95,068.

20 000 биткоин-миллионеров лишились статуса за первые сто дней Трампа

bits.media/ - Wed, 04/30/2025 - 18:38
За первые сто дней второго срока президента США Дональда Трампа, с 21 января по 30 апреля, число адресов биткоин-миллионеров сократилось на 20 000, показало исследование, опубликованное экспертами Finbold.

Dogecoin Price Closes April In The Green, Historical Data Shows What To Expect In May

bitcoinist.com - Wed, 04/30/2025 - 18:00

The Dogecoin price saw a much-needed rebound in the month of April after three months of agony for investors as its price crashed over 60%. On average, the meme coin is up by more than 6% this month, bringing it close to the $0.2 level, although unable to break it. With the month drawing to a close, investors are already looking toward the new month of May and what it could hold. So, here is what historical data says about May for Dogecoin.

Dogecoin Price Could Do Well In May

On average, the Dogecoin price has actually done well in the month of May. Data from the CryptoRank website shows an average 23% return for DOGE during this month. Although the median is low, it is still positive, coming in at 2.51%. Going by this data, it is possible that the Dogecoin price could continue the recovery.

For example, in May 2024, the Dogecoin price rose 19.1% in May. This is in contrast to the previous three years, though, when the DOGE price came back negative. So far, in the last 11 years, there have been a total of six years where the month of May ended positively and five years when it ended in the negative. This close gap suggests that it is a month that sees a battle between the bears and the bulls.

Looking at the year so far, there has also been an interesting trend when comparing 2025 to 2024. With four months already closing in 2025, the charts show a completely opposite performance between the two years. Firstly, the month of January ended on a negative note in 2024, while January ended on a positive note in 2025.

The next two months, February and March, were incredibly bullish for the Dogecoin price in 2025, ending with gains of 50% and 87.5%, respectively. Sticking to the inverse performance trend, the months of February and March were very negative in 2025, ending in the red with -38.5% and -17.5%, respectively.

This trend then continues into April, where the month ended on a negative note of -39.5% in 2024, and yet there has been an increase of 6.9% for the Dogecoin price this month. If this inverse performance continues, then the month of May could be very bearish for Dogecoin given that May 2024 ended on a positive note of 19.1%.

Nevertheless, positive sentiment is still holding in the community, with expectations of higher prices. One recent development is billionaire Elon Musk posting a badge branding him “The Dogefather” for the Department of Government Efficiency (D.O.G.E).

Given that Musk is the reason behind the legendary 36,000% Dogecoin rally in 2021, this has been well-received as a sign that he could continue to drive up the price of the altcoin.

Crypto Privacy Victory: Court Prohibits US Treasury From Reinstating Tornado Cash Sanctions

bitcoinist.com - Wed, 04/30/2025 - 16:30

A US Federal court has ruled that the Department of the Treasury is barred from reinstating its sanctions against crypto mixer Tornado Cash. The decision follows the Treasury Department’s attempt to claim the case was moot after delisting the protocol from the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN).

US Treasury Barred From Reimposing Tornado Cash Sanctions

On Monday, Judge Robert Pitman of the US District Court for the Western District of Texas granted a major win to crypto privacy after ruling that the US Treasury’s actions against Tornado Cash were “unlawful” and barred from reimposing the same sanctions on the crypto mixer in the future.

In August 2022, OFAC sanctioned Tornado Cash for allegedly failing to impose effective controls preventing malicious actors from laundering over $7 billion worth of crypto since 2019 through the protocol, including $455 million by North Korea’s hacking group, Lazarus Group.

In January 2025, the US District Court for the Western District of Texas reversed the OFAC sanctions against Tornado Cash following a November 2024 court ruling that determined the US Treasury had exceeded its authority by sanctioning the platform.

A month ago, OFAC delisted Tornado Cash and nearly 100 Ethereum addresses affiliated with the Ethereum-based crypto mixer from its SDN list. However, the US Treasury faced backlash for claiming that a final court ruling on the lawsuit was moot after delisting the protocol from the sanctions list.

Coinbase’s CLO Paul Grewal criticized the Treasury Department’s actions, arguing that it had not assured that it wouldn’t relist he crypto mixer in the future. Moreover, the agency stated that it would continue to monitor any transactions that could benefit malicious actors or the Democratic People’s Republic of Korea (DPRK).

In the amended final judgment, the court ruled that “this case is not moot because the issue is capable of repetition while evading review,” noting that the US Treasury sought to moot the case by changing relevant facts “via additional agency action” instead of “simply filing a responsive brief about the entry of a final judgment effectuating the Fifth Circuit’s mandate.”

Defendants do not suggest they will not sanction Tornado Cash, and they may seek to “reenact[] precisely the same [designation]” in the future (…). Rather than acknowledge that the Fifth Circuit’s order required delisting Tornado Cash, Defendants state that they exercised their “discretion” in deciding to do so based on more general policy and legal considerations. They state publicly that they will continue to review the economic sanctions at issue closely in the future.

As a result, Judge Pitman granted the Plaintiffs’ request for a summary judgment and the order “that the Defendants’ designation is unlawful and therefore set aside, and that Defendants are permanently enjoined from enforcing it.”

Crypto Privacy Fight Continues

The Court also acknowledged that the Tornado Cash case involves “sensitive issues of security and economic regulation,” and that the US Treasury insists the Fifth Circuit’s ruling be treated as a “narrow” holding to not restrict the agency from regulating similar assets and technology in the future.

Nonetheless, the Judge stated that “how narrowly or broadly future courts will interpret the Fifth Circuit’s ruling when reviewing other agency determinations is not the issue before this Court,” and limited “simply to enter partial summary judgment in favor of Plaintiffs as instructed by the Fifth Circuit.”

Notably, the fight for crypto privacy tools and open-source developers continues, as Tornado Cash’s co-founder, Roman Storm, and developer, Alexey Pertsev, prepare for their legal defense. Pertsev, convicted nearly a year ago, prepares to appeal his 5-year sentence in the Netherlands, while Storm, who faces up to 45 years in prison if found guilty, awaits his trial in July.

The DeFi Education Fund recently sent a letter to US President Donald Trump’s Crypto Czar, David Sacks, urging the White House to end the Department of Justice’s war on open-source developers.

The letter, signed by multiple industry leaders, noted that trying to hold software developers criminally liable for how third parties use their code will set a terrible precedent and “freeze” technological innovation in the US, which would oppose Trump’s promise to make America “the crypto capital of the planet.”

$500 in Daily Prizes Just Launched on this Crypto Mystery Box Site

bitcoinist.com - Wed, 04/30/2025 - 16:24

Jemlit, a mystery box site is set to reward users with $500 in prizes – every single day. The leading online mystery box platform has unveiled a new feature, Jem Rush 1.0, which will no doubt add to the thrill of unpacking a box filled with loot.

The premise of the daily prize is simple. The more JemLit mystery boxes you buy – with crypto or fiat – and open, the higher you’ll climb on the daily leaderboard. And if you’re one of the top 10 contenders, you’ll receive a portion of the $500 prize.

Don’t forget, this is a daily prize.

Being in the top spot means $150 automatically credited to your JemLit account.

Reach second or third place on the leaderboard, and you’ll receive $100 or $75 respectively. The fourth and fifth spots get $50 each, and the remainder of the top 10 will be awarded $10 each.

Never Heard of JemLit? Let’s Catch You Up

JemLit is one of the top online mystery box websites. In other words, it’s among the best sweepstakes platforms, which also include Lootbox and RillaBox.

JemLit has been around since 2020, and during that time, it has attracted more than 1.4M users, who have collectively opened 1.59M mystery boxes valued at $21.7M.

Part of JemLit’s success is the impressive variety of mystery boxes it offers. Many lootbox platforms have a limited range of boxes to unpack, but JemLit has something for everybody – from crypto, tech, and gaming, to fashion, accessories, and collectibles.

We’re talking authentic top-brand products from the likes of Apple, Samsung, Rolex, Chanel, Nike, and more. Ever wanted an Apple 15 without having to sell half a kidney? Well, here’s your chance.

JemLit mystery boxes come with different price points too, to suit all budgets. The entry level box, for instance, costs just $0.67. On the other end of the spectrum is a $800 mystery box packed with gold jewelry.

JemLit’s Crypto Mining Mystery Box, by the way, costs just $52.96. It gives you the chance to win an Intel Core i9-12900KS CPU (worth $400), iPad Pro 11 ($1.029K), or a limited edition MNTD Helium Goldspot Miner ($870), among 28 other products.

Most importantly, JemLit has a provably fair system. When you open a box, a random number generator (RNG) selects the product that you win. This ensures absolute fairness. As for transparency, JemLit also has a tool that enables you to verify every single roll result.

Ready to Try Your Hand at JemLit?

If you want to see your name on the Jem Rush 1.0 Leaderboard for the daily prize, you need to be in it to win it. That part’s easy. Simply visit the official JemLit website and sign up by entering your email address and a password.

Then top up your account with JemLit credits. Those can be bought with $BTC or $ETH via a crypto wallet like the Best Wallet app. Credit/debit cards, Google Pay, and Apple Pay are also payment options.

Once that’s done, you’re all set to select, buy and open mystery boxes. When you select a box, JemLit will show you exactly what’s in it.

You’ll also see the value of each item in the box, as well as your chances of winning it. That’s something to bear in mind before making your final decision.

Your winnings will be revealed after the wheel has spun. And if Lady Luck wasn’t on your side, you can opt to exchange your prize for JemLit credits, which you can use towards your next spin.

Once you sign up, you’ll also have access to free mystery boxes every single day. Each time you open a box, you earn experience points. And as you level up, you’ll have even more free boxes to unlock. However, those free mystery boxes don’t go towards the daily $500 prize.

Whether you’re in the US, Europe, parts of South America, Asia, or Africa, JemLit will ship your winnings to you, generally free of charge. However, depending on the region you’re in, customs levies might apply (or even Trump’s tariffs).

By the way, JemLit is a no KYC platform, so you don’t need to share any other information when signing up, other than a shipping address to have your winnings sent to.

Go Forth and Have Fun

JemLit loot boxes come with high value rewards, which is among the many reasons why this is one of the top mystery box websites currently on the market. JemLit is also provably fair, not to mention transparent and 100% legitimate.

And now, with $500 in daily prizes, Jem Rush 1.0 will add healthy competition to the thrill of the game. Remember, the higher the value of the boxes you buy on any particular day, the higher your chances of landing up on the Jem Rush 1.0 Leaderboard. It resets daily at 00:00 UTC.

As with any mystery box platform, it’s important to play responsibly. Never spend more money – crypto or otherwise – than you can afford to lose. And be sure to DYOR, as this article is not financial advice. Our full JemLit review is a good starting point.

New Crypto to Explode as Litecoin Eyes Breakout

bitcoinist.com - Wed, 04/30/2025 - 15:57

Litecoin ($LTC) is making waves again – and no, this isn’t another halving hype. This time, it’s technical.

The coin is pushing up against a key resistance level, and chart watchers everywhere are biting their nails. If it breaks through, we’re looking at a textbook bullish signal that could set off a domino effect across the altcoin market.

According to analysts, $LTC has broken out of a long descending resistance trend line and is heading toward the $102–$111 range. That kind of move, even if only a corrective rally, is the stuff that pumps are made of.

So if you’re looking for the next new crypto to blow in the wake of Litecoin’s move, here are four new crypto projects you’ll want on your radar before the rocket takes off.

1. BTC Bull Token ($BTCBULL) – The Only Meme Coin That Turns Bitcoin’s Rise Into Real Rewards

If Bitcoin is headed to $1M, BTC Bull Token ($BTCBULL) wants you to ride the rocket – and get paid in real Bitcoin along the way.

This meme-powered, community-driven token is more than just crypto humor. It’s built on a clever idea: reward holders with real $BTC every time Bitcoin hits key price milestones like $150K or $200K.

Unlike typical meme coins that rely on hype alone, BTC Bull Token combines meme culture with actual Bitcoin utility.

This crypto presale has already raised over $5.1M, with $BTCBULL currently priced at just $0.002485. Some analysts believe it could climb as high as $0.064 by the end of 2025, especially if Bitcoin continues its bullish run.

But what really sets BTC Bull Token apart is its built-in reward mechanism.

As Bitcoin climbs, $BTCBULL supply is permanently burned at each milestone, increasing scarcity and boosting long-term value.

Even better, holders who buy $BTCBULL through Best Wallet and keep their tokens there will receive automatic airdrops – no complicated setups or BRC-20 headaches involved. Just remember: no Best Wallet, no airdrops.

As Litecoin teases a potential breakout, the broader market could be on the verge of a rally – and BTC Bull Token is perfectly positioned to ride the wave. It’s the first Bitcoin-themed meme coin that gives back in Bitcoin.

Just HODL and let Bitcoin’s success become your own.

2. Fantasy Pepe ($FEPE) – AI Football Chaos Meets Meme Coin Mania

Fantasy Pepe ($FEPE) isn’t just another meme coin chasing Pepe hype – it’s a full-blown fantasy football prediction league where AI agents run the show.

Imagine ChatGPT coaching Doge FC, DeepSeek managing Pepe United, and Grok the AI calling fouls in real time. That’s the kind of Web3 madness $FEPE delivers – and it’s all powered by the Ethereum blockchain.

Here’s how it works: every 60-second match pits two AI-run meme teams against each other. Your job? Predict the winner using $FEPE tokens.

If your pick wins, you earn more $FEPE. It’s fast, chaotic, and addictive. You can also stake your tokens in the platform’s native protocol, with yields currently hitting a spicy 1,385% APY.

Launched at $0.000314, the presale raised over $240K in its early rounds and is climbing fast through a 30-tier pricing model.

There’s no seed sale, no early insiders – just community-driven fun. And yes, every iconic play and legendary meme moment will be immortalized as tradable NFTs.

With Litecoin nearing a critical breakout, the crypto market could be on the verge of a full-blown rally – and Fantasy Pepe offers one of the most creative, AI-fueled plays to ride the next wave.

It’s weird. It’s fun. And it just might be the new crypto to blow when the market lights up.

3. Dogecoin ($DOGE) – The Original Meme Coin Riding Litecoin’s Wake

With Litecoin gearing up for a possible breakout, all eyes are also on Dogecoin ($DOGE) – the original meme coin that often rallies right behind it.

It’s no coincidence. Both coins share technical DNA, running on the Scrypt algorithm and even merged-mining together, meaning their fates have been loosely tied for years.

$DOGE is currently priced at $0.1749 and boasts one of the most passionate communities in crypto.

Originally launched as a joke, $DOGE has evolved into a serious asset, accepted by merchants, integrated into payment systems, and backed by an army of online supporters and high-profile fans (looking at you, Elon).

Technically, $DOGE is approaching a key resistance near $0.20. A breakout above that could open the door to bigger gains, especially if market sentiment shifts risk-on.

While it hasn’t hit its previous all-time high of $0.74 just yet, renewed hype around meme coins and Litecoin momentum could fuel a sharp move.

Dogecoin remains one of the best altcoins to buy for traders who love memes, momentum, and massive potential. In a market hungry for nostalgic favorites and fresh rallies, $DOGE is still very much in the game – and ready to run if Litecoin leads the charge.

4. Pudgy Penguins ($PENGU) – From NFT Icons to Meme Coin Mayhem

Pudgy Penguins ($PENGU), the once-whimsical NFT collection of 8,888 adorable penguins, has made a major splash in the meme coin world with the launch of its native token, $PENGU.

Currently trading at $0.01055, $PENGU is on a serious upswing – up 53% over the past week and catching the attention of investors across both Web3 and traditional circles.

What’s fueling the hype? Pudgy Penguins has evolved far beyond tradable JPEGs.

The brand now includes physical toys stocked in over 3,000 major retail stores, with more expansion on the way.

It’s also building ‘Pudgy World,’ a metaverse-like platform to create deeper community engagement and utility for those who buy $PENGU.

$PENGU is at the center of this expanding ecosystem. It powers access to exclusive experiences, unlocks future rewards, and gives the community a voice in upcoming development decisions.

Backed by strong branding, a massive online following, and real-world integrations, Pudgy Penguins is bridging the gap between NFT nostalgia and meme coin mania.

With meme coins gaining traction again and the broader market heating up, Pudgy Penguins is one to watch – it’s cute, clever, and clearly on the move.

The Breakout Watchlist: What to Buy Before the Rally

With Litecoin nearing a key resistance level and market sentiment shifting, it’s not just $LTC that investors are watching.

From meme-fueled chaos to AI-powered fantasy games and retail-savvy NFTs, these emerging projects each tap into different corners of the crypto craze.

Whether you’re betting on Bitcoin’s next milestone with $BTCBULL, picking fantasy football winners with $FEPE, riding $DOGE’s nostalgia wave, or joining the $PENGU’s expanding universe – this rally could offer more than one way to win.

Just remember that cryptocurrency investments carry risk. Always do your own research (DYOR) before putting money into any project.

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