The investment landscape for BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recently showcased stark differences between Hong Kong and Wisconsin, highlighting the varied approaches institutional investors are taking towards Bitcoin. These moves provide insight into the broader trends shaping the adoption of crypto ETFs.

Learn more: How and Where to Buy Bitcoin ETF: A Comprehensive Guide

Hong Kong’s Bold Embrace of BlackRock’s Bitcoin ETF

Hong Kong-based Avenir has significantly escalated its investment in BlackRock’s Bitcoin ETF, amassing 14.7 million shares valued at $688 million by March 31, 2025. This represents a 30% increase in the first quarter alone, as reported by Decrypt.

Avenir’s strategy is part of a larger initiative, having launched a $500 million Crypto Partnership Program in the fall of 2024, aimed at collaborating with global digital asset-focused quantitative trading teams. This aggressive accumulation reflects a strong conviction in Bitcoin’s long-term potential.

The firm’s decision aligns with the surging interest in spot Bitcoin ETFs, which have seen record inflows despite a temporary dip in trading earlier in the spring of 2025. IBIT was trading at $59.20, indicating robust investor interest. 

Source: Yahoo Finance

Avenir’s move is indicative of a broader trend in Asian markets, where Bitcoin ETFs are increasingly viewed as a viable avenue for gaining exposure to Bitcoin BTC without the complexities of direct ownership.

Read more: Bitcoin ETFs Reach All-Time High with Over $41 Billion in Inflows

Wisconsin Offloads BlackRock’s Bitcoin ETF

In contrast, the State of Wisconsin Investment Board (SWIB) has opted to reduce its exposure to BlackRock’s Bitcoin ETF, unloading over $300 million worth of shares.

This decision marks a significant downsizing of SWIB’s crypto holdings, which had previously included both BlackRock and Grayscale Bitcoin ETFs worth $163 million as of late 2024. 

SWIB’s exit from IBIT suggests a reassessment of its portfolio, likely influenced by market volatility and a strategic shift towards more stable asset classes. SWIB’s role in managing pension funds and other trusts for Wisconsin’s citizens underscores a cautious approach to high-risk investments like Bitcoin. 

This move contrasts sharply with Hong Kong’s aggressive stance, illustrating the diverse risk appetites among institutional investors.

The post Bitcoin ETF Showdown: Hong Kong’s Bold Move vs. Wisconsin’s Cautious Step appeared first on NFT Evening.

Mike Novogratz describes ‘unfair, infuriating’ path to Galaxy Digital’s Nasdaq listing https://t.co/ECDc57HwqS

— CNBC (@CNBC) May 16, 2025

Mike Novogratz’s Ambitious Forecast for Bitcoin

His insights, discussed in the context of the Trump administration’s influence on the crypto industry, provide a detailed perspective on Bitcoin’s market trajectory and its comparison to traditional assets like gold.

Novogratz highlighted Bitcoin’s significant rally since Donald Trump’s election in November 2024, with the price climbing nearly 50% to around $103,700 by May 16, 2025. He attributed this surge to a combination of factors, including increased investor confidence following Trump’s pro-crypto stance and the market’s reaction to traditional assets like gold. 

Source: CNBC

The CEO of Galaxy Digital noted that Bitcoin BTC often follows gold’s movements, and with gold experiencing substantial gains, Bitcoin is poised to do the same. He predicted that Bitcoin could soon break through resistance levels at $106,000, $107,000, and $108,000, potentially reaching $130,000 to $150,000, entering a phase of “price discovery.”

Bitcoin’s Emergence as a Digital Gold in the Macroeconomic Landscape

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

The billionaire also pointed to the euphoria surrounding Trump’s inauguration and the rise of Trump-themed cryptocurrencies as catalysts for market excitement. However, he cautioned that such enthusiasm could lead to volatile corrections, as seen in past cycles. 

Read more: CEO Pantera Capital Predicts Explosive Bitcoin Growth for Decades Amid Macroeconomic Shifts

Despite this, Novogratz remains confident in Bitcoin’s long-term prospects, which are driven by increasing adoption among younger investors and institutional players.

Comparing Bitcoin to gold, Novogratz emphasized the cryptocurrency’s emerging role as a digital store of value. He noted that while gold boasts a $22 trillion market cap, Bitcoin, currently valued at around $2 trillion, has considerable room for growth.

Source: CompaniesMarketcap

Novogratz believes that as younger generations inherit wealth from older ones, Bitcoin could achieve parity with gold, albeit in the distant future. This perspective aligns with broader macroeconomic trends where low interest rates and quantitative easing have historically bolstered both assets.

Read more: Tim Draper: Bitcoin to Hit $250,000 and Replace the Dollar in a Decade

The relationship between Bitcoin and macroeconomic factors is intricate. While Bitcoin’s price movements are often driven by speculation and market sentiment, they also correlate with periods of low volatility and loose monetary policies. For instance, the 2021 bull run coincided with ultra-loose monetary conditions, and similar patterns are emerging in 2025. 

The post Bitcoin to $150,000: Mike Novogratz’s Bold Predictions appeared first on NFT Evening.

Ethereum’s Stablecoin Surge Hits Historic Peak 

The biggest Layer 1 on-chain stablecoin volume reached a historic $908 billion in April 2025, marking a new all-time high, according to The Block. This surge, up from $850 billion in May 2024, reflects Ethereum’s role as the leading blockchain for dollar-pegged digital assets. USDC, issued by Circle, led with over $500 billion in transactions over the past six months, while DAI and Sky’s USDS also saw significant activity, signaling a diversifying stablecoin market. 

Source: The Block

The surge coincides with major developments. Meta announced plans to integrate stablecoins for cost-effective transactions, and Stripe launched stablecoin-based payment solutions after acquiring Bridge for $1.1 billion. 

Meanwhile, President Donald Trump’s World Liberty Financial project minted $2 billion in its USD1 stablecoin, which now ranks as the seventh-largest by market cap. A CoinDesk report on May 16, 2025, suggests USD1’s rapid growth, has drawn institutional attention. Ethereum’s stablecoin market cap, holding 51% of the $230 billion total, per The Block, reinforces its dominance over rivals like Tron.

Institutional Adoption and Competitive Challenges

The $908 billion milestone reflects growing trust in stablecoins for cross-border payments and DeFi. Tether (USDT) holds a 52% market share, followed by USDC, but Ethereum’s infrastructure supports a broader ecosystem, including Ethena’s USDe and Ripple’s planned stablecoin.

However, competition is intensifying. Solana and Layer 2 solutions are gaining traction, with Tron hosting $60.7 billion in stablecoin supply, per Unchained. Despite these challenges, Ethereum’s robust infrastructure and institutional backing ensure its lead in stablecoin transactions.

Learn more: 15+ Best Crypto Signals Telegram Groups in 2025

The post Ethereum Stablecoin Volume Soars to Record $908 Billion Amid Institutional Surge appeared first on NFT Evening.

Decoding the “8647” Symbol and Its Spread

In recent weeks, a cryptic Instagram post by a former FBI agent displaying seashells arranged to form “8647” has ignited controversy across U.S. online communities. According to Cassell’s Dictionary of Slang, “86” is slang for “to eliminate” or “kill,” while “47” refers to Donald Trump, the 47th U.S. President.

The image, widely shared on platforms like X, has been interpreted by some as a coded incitement to assassinate Trump, who returned to office in January 2025.

WOW!

Former FBI Director James Comey @Comey just posted this on his Instagram 2 hours ago, with the caption “cool shell formation on my beach walk”. It’s a pic of shells in the form of “86 47”.

This is a call for the assassination of President Trump by the former FBI Director! pic.twitter.com/Q4qIBbvvmt

— Laura Loomer (@LauraLoomer) May 15, 2025

No mainstream outlet, such as Reuters or AP News, has confirmed the movement’s scale or direct ties to organized violence, and the former FBI agent’s identity remains unverified.

Read more: TRUMP Memecoin Price Prediction from April to May, 2025

The symbol’s virality underscores the power of social media to amplify ambiguous messages, especially in a polarized political climate.

Memecoin $8647 Surge 600%

Adding to the controversy, a memecoin named $8647 emerged shortly after the post gained traction, reportedly surging 600% in value within 24 hours on May 16, 2025, according to Dexscreener. The token, likely created to capitalize on the buzz, raises concerns about profiteering from divisive narratives.

Source: Dexscreener

Memecoins tied to political figures, like TRUMP or $MAGA, have historically fueled speculation, but $8647’s rapid rise alarms experts due to its association with violent rhetoric. Such tokens often exploit fleeting controversies, risking financial losses for retail investors.

The incident highlights ongoing challenges in policing online extremism, especially when symbols can be weaponized. Without concrete evidence of a coordinated plot, authorities face a delicate balance between monitoring threats and avoiding panic.

The post Social Media Symbol “8647” Ignites Threats Against Trump appeared first on NFT Evening.

$400M Coinbase Breach Hits Less Than 97,000 Users

On May 15, 2025, Coinbase revealed a major cybersecurity incident involving the theft of personal data from a small subset of its customers, estimated at less than 1% of its monthly transacting users (MTUs),  approximately 97,000 customers based on the company’s 9.7 million MTUs reported in its March 2025 annual report.

Cyber criminals bribed and recruited rogue overseas support agents to pull personal data on <1% of Coinbase MTUs. No passwords, private keys, or funds were exposed. Prime accounts are untouched. We will reimburse impacted customers. More here: https://t.co/SidVn59JCV

— Coinbase (@coinbase) May 15, 2025

Hackers orchestrated the breach by bribing and recruiting rogue overseas support agents and contractors, who leaked sensitive information, including names, phone numbers, addresses, government IDs, partial Social Security numbers, and account details. No passwords, private keys, or funds were compromised, and Coinbase’s Prime accounts remained unaffected. The company estimates the financial impact could range from $180 million to $400 million, covering customer reimbursements and recovery efforts.

Read more: Coinbase Caught in $15M Rug Pull Scandal – Is Base Still Safe?

The attackers demanded a $20 million ransom to withhold the stolen data from public release, which Coinbase refused to pay. Instead, the exchange fired the involved staff, announced plans to press criminal charges, and established a $20 million reward fund for information leading to the perpetrators’ arrest and conviction. 

Coinbase’s Security Track Record Under Scrutiny

This breach adds to Coinbase’s history of security challenges.

Read more: Is Coinbase Safe?

The exchange has faced prior incidents, including a 2021 hack affecting over 6,000 users, where hackers exploited a flaw in SMS-based two-factor authentication (2FA) through phishing scams, and a 2023 attempt by the Octopus hacker group that did not compromise user funds. 

Despite robust security measures – such as storing 98% of assets in offline cold storage, AES-256 encryption, and insurance for hot wallets – Coinbase has struggled with technical issues like server crashes during high-traffic periods and account recovery vulnerabilities. These incidents fuel user skepticism, with some reporting difficulties obtaining timely support.

User Score

9.8

Coinbase Promotion

Get Bonus Up to $600

Sign Up NowCoinbase Review

The 2025 breach, attributed to insider threats rather than a direct system hack, underscores the risks of human error in centralized exchanges. TechCrunch reported that the hackers targeted support staff, exploiting their access to sensitive systems. This tactic echoes a 2023 phishing attack linked to the 0ktapus group, which briefly compromised Coinbase’s systems. 

According to blockchain investigator ZackXBT, over $45 million was stolen from Coinbase users in early May 2025 through social engineering scams. These incidents suggest that organized crime groups are increasingly targeting crypto platforms and their users.

ZachXBT: It is suspected a Coinbase user was scammed yesterday for $34.9M (400.099 BTC). Also multiple other suspected thefts from Coinbase users in the past two weeks bringing the total stolen this month to $46M+. Funds from each theft were bridged from Bitcoin to Ethereum via…

— Wu Blockchain (@WuBlockchain) March 28, 2025

The post Coinbase Security Breach Scandal: $20 Million Hunt for Data Thieves appeared first on NFT Evening.

A Surge in Violent Crypto-Related Crimes

In the last six months, Europe has witnessed a disturbing rise in kidnappings targeting cryptocurrency millionaires, with at least four incidents reported in France, Spain, and Belgium. 

French authorities are investigating these cases, which often involve extreme violence, including torture and mutilation. One high-profile case in Paris involved the father of a crypto entrepreneur who was abducted in broad daylight, with his finger severed and a ransom demand of €5-7 million. The victim was rescued by French police, and five suspects were arrested.

Other incidents include the January 2025 kidnapping of a Ledger co-founder, who was tortured to extort cryptocurrency holdings, and a May 1, 2025, abduction of another crypto influencer’s father, also involving mutilation to pressure the victim’s family. In March, French police arrested ten individuals planning a similar kidnapping.

French gendarmes investigate the kidnapping of cryptocurrency entrepreneur David Ballard in Méreau, France, January 2025. Source: AFP

These cases highlight a pattern of organized crime targeting crypto entrepreneurs, leveraging the decentralized and often anonymous nature of cryptocurrency to demand untraceable ransoms, typically in Bitcoin BTC or stablecoins like USDT.

The high liquidity of crypto assets makes crypto entrepreneurs an attractive target, as criminals can quickly move funds through mixing services or unregulated exchanges.

Read more: FTX to Distribute Over $5 Billion to Creditors in Second Phase of Bankruptcy Repayments

Growing Risks for Crypto Millionaires

The targeting of crypto millionaires underscores the vulnerabilities faced by those in the cryptocurrency industry. Many victims are high-profile figures, such as influencers or founders of crypto firms, whose wealth is often publicized through social media or blockchain transparency. 

For instance, the blockchain’s public ledger allows criminals to track wallet addresses linked to large holdings, making crypto entrepreneurs prime targets. Not only millionaires but also their families, including parents and spouses, are increasingly at risk.

French police have responded by enhancing security protocols for known crypto figures and collaborating with Europol to track cross-border criminal networks. However, challenges remain, including the difficulty of tracing cryptocurrency transactions once funds are moved to non-compliant exchanges.

Read more: CEX Vs DEX: Which Is The Better Crypto Exchange?

Experts recommend that crypto entrepreneurs adopt stricter security measures, such as using hardware wallets, employing private security, and minimizing public disclosure of their wealth.

The wave of kidnappings has also sparked debate about the broader implications for the crypto industry. Regulatory bodies are under pressure to tighten oversight of crypto transactions to curb illicit activities, though such measures risk stifling innovation.

The post Crypto Millionaires Targeted in Wave of Kidnappings Across Europe appeared first on NFT Evening.

(1/3) FTX today announced it is set to distribute more than $5 billion in its Second Distribution to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes that have completed the pre-distribution requirements on May 30, 2025.

— FTX (@FTX_Official) May 15, 2025

A Major Milestone in FTX’s Recovery Plan

FTX, once a leading cryptocurrency exchange, will begin its second wave of creditor repayments on May 30, 2025, distributing over $5 billion in recovered funds. This follows the first phase in February 2025, which paid out $1.2 billion to creditors with claims under $50,000. The FTX Recovery Trust, led by plan administrator John J. Ray III, has described this as an “unprecedented distribution process” due to the scale and complexity of the creditor base. 

The bankruptcy estate has recovered between $14.7 billion and $16.5 billion, enough to repay 98% of creditors at least 118% of their claim values as of November 2022, when FTX filed for bankruptcy.

The repayments will be facilitated by crypto platforms BitGo and Kraken, with funds expected to reach eligible creditors within one to three business days. Four creditor groups will receive distributions, with payouts ranging from 54% to 120% of their holdings’ value at the time of FTX’s collapse.

Source: PR Newswire

For instance, creditors in Class 5, including lenders and trading partners of Alameda Research, will receive 54% to 72%, while those with intercompany claims could see up to 120%.

Creditor Reinvestment Signals Crypto Market Confidence

Data from NFT Evening indicates that nearly 80% of FTX creditors who received repayments in the first phase have reinvested their funds into cryptocurrencies, particularly Bitcoin and altcoins like Solana. This reinvestment trend, observed as of April 2025, suggests strong confidence in the crypto market’s recovery, despite FTX’s collapse triggering a crypto winter that saw Bitcoin’s price drop to $16,000 in November 2022. 

Source: NFT Evening

By May 2025, Bitcoin BTC trades at approximately $104,000, highlighting the significant market rebound creditors missed due to repayments being calculated at 2022 valuations.

However, not all creditors are satisfied. The “dollarization” process, which assigns claims a dollar value based on November 2022 crypto prices, has sparked debate. For example, Bitcoin was valued at $20,000 when FTX collapsed, meaning creditors receive fiat equivalents far below current market values. Solana SOL, a major holding in FTX’s portfolio, was priced at $17 in 2022 but now trades near $170, amplifying losses for some creditors.

Challenges and Future Outlook

The repayment process has faced hurdles, including a June 1, 2025, deadline for nearly 400,000 creditors to complete Know Your Customer (KYC) verification. Approximately 392,000 users risked losing $2.55 billion in claims due to incomplete KYC, though the deadline was extended from March 3 to provide relief. Technical issues with the KYC portal have also frustrated users, prompting guidance from FTX’s support team to reapply via email and the support portal.

Read more: What is KYC in Crypto and Why Do Exchanges Need KYC?

The $5 billion distribution could inject liquidity into the crypto market, which will potentially boost Bitcoin and altcoin prices. However, analysts remain cautious, noting that trust issues and market dynamics may temper bullish expectations.

The post FTX to Distribute Over $5 Billion to Creditors in Second Phase of Bankruptcy Repayments appeared first on NFT Evening.

.@dan_pantera, CEO & Founder of @PanteraCapital, shared his long-term vision and advised investing in a wide spectrum of tokens and venture equity at @consensus2025.@willcanny99 reports. pic.twitter.com/rUON9qTEse

— CoinDesk (@CoinDesk) May 14, 2025

CEO Pantera Capital’s Optimistic Outlook for Bitcoin

At Consensus 2025 in Toronto, Dan Morehead, the founder and CEO of Pantera Capital, shared a bullish perspective on Bitcoin’s future. Morehead emphasized that “there are a couple more decades to go of outsized returns in Bitcoin,” underscoring the firm’s ongoing conviction in the asset class. 

Pantera Capital’s long-term strategy has seen significant success since its inception in 2013, with the Bitcoin Fund achieving over 132,118% returns. 

Morehead’s confidence is buoyed by Bitcoin’s potential to capture a larger share of the global financial market, especially as institutional adoption grows. He highlighted the untapped potential of Bitcoin, suggesting that its decentralized nature and fixed supply make it a resilient asset amidst economic uncertainties. 

Bitcoin’s Price Dynamics and the Broader Economic Context

Persistent inflation and trade tensions make the economy more uncertain, which could propel Bitcoin’s appeal as a store of value, especially as traditional currencies face pressure from rising inflation rates, with the Consumer Price Index (CPI) reaching 2.8% in the U.S. in April 2025, according to the Bureau of Labor Statistics. 

Source: CNBC

Moreover, the European Central Bank’s decision to lower interest rates by 25 basis points in April 2025, setting the deposit facility rate to 2.25%, the main refinancing operations rate to 2.40%, and the marginal lending facility rate to 2.65%, reflects a response to stagflation concerns and aims to stimulate economic growth.

These developments suggest a scenario where Bitcoin BTC might benefit from a flight to quality, as investors seek assets less susceptible to central bank policies.

Bitcoin is not just a speculative asset but a critical component of a diversified investment strategy in an era of economic flux.

Bitcoin’s Recent Correlation with Gold

Recently, Bitcoin has shown a tendency to rise alongside gold prices in the context of trade war risks. This correlation is driven by both assets being perceived as safe havens during periods of geopolitical uncertainty. However, with recent developments where gold prices have dropped due to easing U.S.-China trade tensions and relaxed tariff policies, the dynamics have shifted. 

The relaxation of trade policies, particularly between the U.S. and China, has reduced the immediate risk premium on gold, leading to a decline in its price. This shift is significant because it highlights the differing responses of Bitcoin and gold to macroeconomic news. 

In April, Bitcoin joined the gold run, increasing correlation for the first time in months.

Between April 7th and April 21st, gold surged +15% along with +12% in Bitcoin.

The flight to decentralized and inflation-protected assets is strong.

Keep watching this trend. pic.twitter.com/RvqwwIT7Ew

— The Kobeissi Letter (@KobeissiLetter) May 5, 2025

While gold’s value is often tied to traditional safe-haven demand and central bank policies, Bitcoin’s price movements are increasingly influenced by its growing acceptance as a digital asset and its decoupling from traditional financial instruments.

Read more: Tim Draper: Bitcoin to Hit $250,000 and Replace the Dollar in a Decade

The easing of trade tensions could potentially redirect investor focus towards Bitcoin, especially if it continues to be seen as a hedge against inflationary pressures and currency devaluation. 

Moreover, the narrative of Bitcoin as “digital gold” gains traction in such scenarios, as it offers a decentralized alternative that is less affected by geopolitical negotiations. This evolving relationship suggests that Bitcoin’s price momentum might be sustained by its unique position in the financial ecosystem, even as traditional safe havens like gold adjust to changing economic conditions.

The post CEO Pantera Capital Predicts Explosive Bitcoin Growth for Decades Amid Macroeconomic Shifts appeared first on NFT Evening.

JUST IN: BILLIONAIRE TIM DRAPER SAYS #BITCOIN WILL HIT $250,000 THIS YEAR AND REPLACE THE US DOLLAR “IN 10 YEARS”

LET’S GO pic.twitter.com/sHbZcAFRIW

— The Bitcoin Historian (@pete_rizzo_) May 13, 2025

Tim Draper’s Bold Bitcoin Predictions

In a recent interview on CoinDesk, billionaire venture capitalist Tim Draper made headlines with his audacious predictions about Bitcoin. Draper, known for his early investments in Bitcoin BTC and other transformative technologies, reiterated his belief that Bitcoin will hit $250,000 by the end of 2025. 

This forecast aligns with his long-standing optimism about the cryptocurrency’s potential to disrupt traditional financial systems. Furthermore, Draper envisions Bitcoin replacing the U.S. dollar as the dominant global currency within the next ten years, a prediction that has ignited fervent debate among economists and investors alike.

Draper’s confidence in Bitcoin’s future is rooted in his analysis of current economic trends and the inherent properties of the cryptocurrency. He argues that the U.S. dollar’s dominance is waning due to persistent inflation and geopolitical uncertainties, which Bitcoin’s decentralized nature and fixed supply can counteract. 

Draper’s vision extends beyond mere price speculation; he sees Bitcoin as a catalyst for a broader shift towards a global, trustless financial system. 

Bitcoin will Replace the Dollar in a Decade

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

If Bitcoin were to reach $250,000, it would signify an unprecedented surge in value, likely driven by institutional adoption and increased retail interest. This surge could lead to a reevaluation of traditional investment portfolios, with Bitcoin becoming a staple asset class. 

Moreover, the idea of Bitcoin replacing the U.S. dollar within a decade suggests a seismic shift in international trade and reserve currencies. Countries and corporations might start holding Bitcoin reserves, as Draper recommends, to hedge against fiat currency devaluation.

Read more: Coinbase: Bitcoin is Superior to USD

Draper’s forecast also raises questions about the role of central banks and the stability of existing financial infrastructures. As Bitcoin gains traction, it could challenge the monopoly of state-issued currencies, prompting governments to reconsider their monetary policies. 

Source: TradingView

This shift might accelerate the development of other cryptocurrencies and blockchain technologies, fostering a more diversified and resilient global financial ecosystem.

Implications for the Global Economy

As of May 2025, Bitcoin’s price has been volatile, reflecting broader market uncertainties. Bitcoin is trading around $102,991.26, with a market cap that underscores its significance in the global financial landscape. Looking ahead, several macroeconomic events are poised to influence the global economy and, by extension, Bitcoin’s trajectory. 

The International Monetary Fund (IMF) has revised its global growth forecast downward to 2.8% for 2025, citing concerns over inflation and geopolitical tensions. This revision suggests a cautious outlook that could impact investor confidence in traditional assets, potentially driving interest towards Bitcoin as a hedge.

Source: IMF

Additionally, the World Economic Outlook for 2025 highlights divergent growth paths among major economies, with the United States seeing an upward revision while others face downturns. Such disparities could lead to increased volatility in currency markets, further fueling the debate on Bitcoin’s role as a global currency. 

Learn more: Bitcoin ETFs Reach All-Time High with Over $41 Billion in Inflows

Moreover, upcoming policy decisions from central banks, particularly regarding interest rates and inflation control measures, will be critical. These decisions could either stabilize traditional financial systems or exacerbate the shift towards decentralized alternatives like Bitcoin, as predicted by Draper.

The post Tim Draper: Bitcoin to Hit $250,000 and Replace the Dollar in a Decade appeared first on NFT Evening.

$NXPC Token Details

• Token Name: Nexpace (NXPC)
• Total Supply: 1,000,000,000 NXPC
• Max Supply: 1,000,000,000 NXPC
• Circulating Supply: 169,040,000 NXPC (16.9% of max token supply)
• Smart Contract: BNB Chain, 0xf2b51cc1850fed939658317a22d73d3482767591

NXPC on HODLer Airdrops Details

BNB lock period to get the airdrops allocation: 2025-05-05 00:00 (UTC) to 2025-05-09 23:59 (UTC).

NXPC will be listed on Binance spot at 2025-05-15 07:30 (UTC).

Seed tags will be applied to $NXPC. Available trading pairs: USDC, USDT, BNB, FDUSD, and TRY.

Additional details:

• HODLer Airdrops Rewards: 30,000,000 NXPC (3% of max token supply)
• Listing Fee: 0

About Nexpace

Nexpace (NXPC) is a utility token developed by Nexpace, a blockchain subsidiary of the South Korean gaming company Nexon. It powers the MapleStory Universe, a Web3 extension of the iconic MapleStory MMORPG. NXPC enables players to create, trade, and own in-game items as NFTs, fostering a community-driven ecosystem. Built on the Avalanche blockchain, it supports transaction fees, NFT creation, and serves as a reserve asset for the game currency NESO, promoting decentralized gaming and player engagement.

Read more: GoPlus Security (GPS) will be listed on Binance HODLer Airdrops

The post Nexpace (NXPC) will be listed on Binance HODLer Airdrops appeared first on NFT Evening.

After yesterdays inflows, the spot Bitcoin ETFs are now at a new high water market for lifetime flows. Currently at $40.33 billion according to Bloomberg data h/t @EricBalchunas pic.twitter.com/0GKPNlmprs

— James Seyffart (@JSeyff) May 9, 2025

A Historic Milestone for Bitcoin ETFs

Bitcoin ETFs in the United States have reached an unprecedented peak, with cumulative inflows surpassing $41.1 billion as of May 14, 2025, according to data from Farside Investors.

Source: Farside Investors

This all-time high comes just over a year after the Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in January 2024, following a decade of rejections and a successful lawsuit by ETF issuer Grayscale. The launch of these funds marked a pivotal moment for cryptocurrency, offering investors a regulated and accessible way to gain exposure to Bitcoin BTC without directly owning the asset.

The journey to this milestone has been remarkable. Initially met with skepticism by traditional finance, Bitcoin ETFs have defied expectations, with major asset management firms like BlackRock leading the charge. BlackRock’s Bitcoin ETF, for instance, became the fastest-growing ETF in U.S. history, a testament to the growing appetite for crypto-based financial products. 

Read more: BlackRock Proposes Ethereum ETF Staking, Boosting ETH Price

The $41.1 billion in net inflows reflects a significant reversal of fortunes, as these funds had previously experienced rapid outflows amid an erratic global trade war and economic uncertainty. The ability to hit a new high-water mark so soon after such challenges underscores the resilience of Bitcoin as an asset class and the increasing trust investors place in regulated crypto products.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Bitcoin ETFs are the gateway to entering the crypto sphere

This surge in inflows also aligns with broader market trends. As of Q4 2024, institutional investors with over $100m under management hold $27.4 billion worth of Bitcoin ETFs, according to CoinShares.

Asset management giants like Millennium Management and Jane Street account for 20% of total Bitcoin ETF assets, further highlighting the institutional embrace of cryptocurrency. The record inflows signal that Bitcoin ETFs have become a cornerstone of crypto investment, bridging the gap between traditional finance and the digital asset space.

The success of ETF Bitcoin spot also underscores the increasing mainstream adoption of cryptocurrency. Since their launch, these funds have smashed expectations, offering exposure to Bitcoin’s price movements through both spot and futures-based products.

As Bitcoin ETFs continue to attract capital, they are likely to play a pivotal role in shaping the future of cryptocurrency investment, driving further integration into traditional financial systems.

The post Bitcoin ETFs Reach All-Time High with Over $41 Billion in Inflows appeared first on NFT Evening.

With its innovative approach to cost-effective trading and high-performance infrastructure, Hyperliquid is challenging the dominance of centralized exchanges like Binance, marking a significant shift in the DeFi landscape.

Hyperliquid Referral Code

4% Lifetime Discount on Trading Fees

Code Valid: May 2025

Copy

Claim Reward Now!

Hyperliquid’s Rise to Prominence in Crypto Derivatives

Hyperliquid has rapidly ascended to become a leading platform for crypto derivatives, particularly in perpetual Bitcoin swaps, also known as “perps.” According to a Bloomberg report dated May 13, 2025, the decentralized exchange (DEX) now ranks among the biggest venues for these financial instruments, a remarkable feat in a market historically dominated by centralized giants like Binance.

One exchange is realizing the DeFi dream of breaking into a market dominated by Binance and other centralized exchanges, @MuyaoShen writes in the @Crypto newsletter https://t.co/Z7SOFnGv7c

— Bloomberg (@business) May 13, 2025

Hyperliquid’s success is rooted in its foundation as a peer-to-peer trading platform with minimal intermediaries, aligning with the core ethos of decentralized finance (DeFi). This model has allowed Hyperliquid to carve out a significant share of the derivatives market, which has long been a stronghold of centralized exchanges.

The platform’s growth comes at a pivotal time for DeFi, as decentralized exchanges strive to break into markets traditionally controlled by centralized players. Hyperliquid’s ability to offer perpetual futures trading—a popular derivative product allowing traders to speculate on Bitcoin’s price without an expiration date—has been a key driver of its popularity. 

Source: DefiLlama

By leveraging its own Layer-1 blockchain, Hyperliquid ensures fast transaction speeds and low fees, addressing common pain points in DeFi trading. The platform’s infrastructure, including a novel consensus mechanism called Hyper BFT that can process up to 200,000 transactions per second, enables it to support a fully on-chain order book, a feature typically found in centralized exchanges. 

Read more: Hyperliquid Destroyed Ethereum in Daily Fees Gained

HYPE Surges 60% Monthly, Showing Remarkable Price Recovery

Hyperliquid HYPE strengthens its crypto derivatives leadership with an innovative economic model, eliminating gas fees for perpetual futures, offering maker rebates, and keeping low taker fees. This cost-effective approach attracts retail investors and high-volume traders seeking competitive advantages.

The platform’s recent launch of its native token, HYPE, priced at $25.33 with a 24-hour trading volume of $165 million as of May 14, 2025, has also enhanced its ecosystem. The token is expected to improve liquidity, governance, and incentivization, further fueling Hyperliquid’s growth.

Source: TradingView

The impact of Hyperliquid’s rise extends beyond its platform, contributing to the broader adoption of decentralized financial services. By offering a high-performance, transparent alternative to centralized exchanges, Hyperliquid is helping to bridge the gap between traditional finance and DeFi.

Read more: Hyperliquid Ecosystem: From Perp DEX to Emerging Crypto Ecosystem

The post Hyperliquid Emerges as a Leader in Crypto Derivatives Trading appeared first on NFT Evening.

JUST IN: Jack Mallers Twenty One Capital and Tether buys 4,812 #Bitcoin for $458,700,000 pic.twitter.com/SZFMZcDBAa

— Bitcoin Magazine (@BitcoinMagazine) May 13, 2025

A Massive Bitcoin Purchase Signals Strategic Ambition

The Bitcoin BTC purchase, executed through Tether, has propelled the firm to become the third-largest public Bitcoin holder, with over 42,000 BTC in its treasury. 

Source: X

Led by CEO Jack Mallers, Twenty One Capital aims to maximize Bitcoin per share, positioning itself as a pure-play Bitcoin opportunity in capital markets. This move is not just a financial flex but a strategic statement, challenging established players like Strategy (formerly MicroStrategy) in the race to accumulate Bitcoin as a core asset. 

Twenty One Capital’s strategy suggests confidence in Bitcoin’s long-term value, leveraging its institutional backing to capitalize on market fluctuations. Unlike Strategy, which has faced challenges with stock issuance inefficiencies (e.g., only $10.7 million in Bitcoin purchased on March 17, 2025), Twenty One Capital’s streamlined approach through Tether’s liquidity signals a nimble yet powerful strategy. Mallers emphasized this distinction in a recent interview, noting that his firm offers a purer Bitcoin investment vehicle compared to Strategy’s broader financial maneuvers. This purchase underscores Twenty One Capital’s ambition to redefine corporate Bitcoin adoption, blending fintech innovation with traditional finance.

Source: Bitcoin Treasuries

Other Institutions Riding the Bitcoin Wave

Twenty One Capital is not alone in its Bitcoin fervor. 

Strategy, under Michael Saylor’s leadership, remains the poster child for corporate Bitcoin adoption, holding 568,840 BTC, cost $39.41 billion as of May 11, 2025. Strategy’s “21/21” plan aims to raise $42 billion to further bolster its Bitcoin reserves, though recent hiccups in stock sales have slowed its pace. 

Read more: Strategy Bolsters Bitcoin Holdings with $1.34 Billion Purchase

Metaplanet, dubbed “Strategy of Asia,” has also embraced Bitcoin, holding 6,796 BTC, already surpassing El Salvador’s holdings. 

Read more: Metaplanet Adds 1,241 BTC, Surpasses El Salvador’s Holdings

Semler Scientific, a medical device company, has joined the fray, holding a total of 3,634 BTC worth $342 million by May 2025. 

These institutions view Bitcoin as “digital gold,” a hedge against inflation and a store of value in an uncertain economic landscape. Their strategies often involve issuing bonds or stocks to fund Bitcoin purchases, as seen with Strategy’s $21 billion stock offering and MicroStrategy’s earlier $561 million bond sale. 

Significantly, this trend reflects a growing acceptance of Bitcoin among public companies, with firms like MARA, Tesla, and Tether also maintaining periodic Bitcoin acquisitions. However, risks remain, as evidenced by Strategy’s $670.8 million Q4 2024 loss, driven by its heavy Bitcoin bet. Twenty One Capital’s entry intensifies this high-stakes game, potentially setting a new benchmark for corporate crypto investment.

The post Twenty One Capital Goes Big: Snaps Up $458.7M in Bitcoin appeared first on NFT Evening.

A Strategic Move: Abraxas Capital’s ETH Buying Spree

Abraxas Capital Management, a firm known for its disciplined approach to cryptocurrency investments, has recently executed a monumental acquisition of Ethereum ETH. 

Abraxas Capital bought another 33,482 $ETH($84.7M) in the past 12 hours, bringing their total purchases over the last 6 days to 211,030 $ETH($477.6M).https://t.co/qZZkGndZEd pic.twitter.com/mOIdthyWUG

— Lookonchain (@lookonchain) May 13, 2025

Last week, Lookonchain reported on May 14, 2025, that an institutional investor bought 211,030 ETH for $477.6 million. Abraxas Capital withdrew large ETH amounts from Binance to its Heka Fund wallet.

Source: X

Abraxas borrowed 240 million USDT from Aave and deposited it into Binance on May 13, 2025. Lookonchain correctly predicted this USDT would fund ETH purchases, as ETH’s price rose 10% from $2,460 to over $2,700 in hours.

Learn more: Trading with Free Crypto Signals in Evening Trader Channel

Ethereum Surges: Reclaiming Its Crypto Crown

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

The firm’s confidence in Ethereum’s potential is evident, as they capitalized on the price momentum to bolster their holdings. 

This isn’t a new strategy for Abraxas; their history of large-scale ETH withdrawals, such as the 61,401 ETH ($116.3 million) pulled from exchanges in the two days before May 9, 2025, highlights a consistent pattern of accumulation during bullish market phases.

The timing of these purchases aligns with a broader Ethereum price rally, which saw ETH climb from $1,800 to $2,600 in just three days earlier in the month – a 44% jump. 

Source: TradingView

Abraxas’s actions have amplified market sentiment, with many seeing their involvement as a signal of strong institutional confidence in Ethereum’s future. The firm’s ability to move markets is undeniable, as its latest buying spree has further propelled ETH’s upward trajectory, bringing it closer to the psychological $3,000 mark.

Read more: BlackRock Proposes Ethereum ETF Staking, Boosting ETH Price

Abraxas Capital’s moves have positioned them as a key player in Ethereum’s current bull run, reinforcing the narrative that institutional adoption is a driving force behind crypto market dynamics. Their actions serve as a bellwether for other investors, signaling that Ethereum remains a prime target for large capital allocators betting on the future of blockchain technology.

The post Abraxas Capital’s Massive ETH Accumulation Fuels Market Surge appeared first on NFT Evening.

Deep Focus on Solana

On May 12, 2025, DeFi Development announced a $23.6 million purchase of 172,670 SOL tokens at an average price of $136.81, pushing its total Solana holdings to 595,988 tokens, valued at nearly $105 million.

1/ We just made our BIGGEST $SOL purchase yet!

Today, we announce that DeFi Dev Corp. has purchased another 172,670 $SOL ($23.6M) as part of our crypto-forward treasury strategy.

Total treasury holdings have officially surpassed $100M and stand at
595,988 $SOL. pic.twitter.com/qKzHIBHkqE

— DeFi Dev Corp. (@defidevcorp) May 12, 2025

This strategic move, the largest since its crypto-focused shift last month, has solidified DeFi Development’s position as a major institutional player in the Solana ecosystem.

The Florida-based company, originally a real estate tech platform, has undergone a dramatic transformation under new leadership from former Kraken executives, including CEO Joseph Onorati. This acquisition aligns with a broader trend among public companies adopting cryptocurrencies as treasury assets, inspired by Michael Saylor’s Bitcoin strategy with MicroStrategy. 

Unlike many firms focusing on Bitcoin, DeFi Development has chosen Solana, citing its high-speed blockchain, low transaction fees, and robust decentralized finance (DeFi) ecosystem as key drivers. The company plans to hold these tokens long-term and stake them with validators, including its own, to generate yield, further embedding itself in Solana’s infrastructure.

Source: Nasdaq

Bullish Sentiment on Solana’s Future

The market responded enthusiastically, with DeFi Development’s shares soaring 20% to $90 in early trading on May 12, following a 30% gain the previous Friday amid a broader crypto rally. This surge reflects investor confidence in the firm’s Solana-centric treasury strategy, which now equates to 0.293 SOL per share, or roughly $50.42. The company’s earlier acquisition of a Solana validator with 500,000 SOL staked ($72.5M) and plans to raise $1 billion through a securities offering underscore its ambition to deepen its Solana exposure.

Read more: Strategy Bolsters Bitcoin Holdings with $1.34 Billion Purchase

Solana itself has seen strong performance, with SOL climbing over 20% in the past week to $180, driven by increased network activity and institutional interest.

Source: TradingView

DeFi Development’s bold bet on Solana highlights the growing convergence of traditional finance and blockchain. As the firm continues to scale its crypto treasury, it offers investors a unique avenue to gain exposure to Solana’s growth, potentially reshaping perceptions of corporate crypto adoption.

The post DeFi Development Bolsters Solana Holdings with $23.6M Purchase appeared first on NFT Evening.

$1.34B Bitcoin Adding to Treasury

This purchase, detailed in a filing with the U.S. Securities and Exchange Commission on May 12, comes as Bitcoin’s price surged past the psychological $100,000 mark, reinforcing Strategy’s position as a leading institutional Bitcoin holder. The acquisition, made at an average price of $99,856 per Bitcoin, brings the company’s total holdings to 568,840 BTC, further solidifying its Bitcoin treasury strategy.

Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU

— Michael Saylor (@saylor) May 12, 2025

The timing of the purchase aligns with a bullish market sentiment, as Bitcoin reclaimed $100,000 on May 8, driven by institutional inflows and macroeconomic factors like proposed U.S. trade policies. Strategy’s aggressive accumulation has positioned it as a bridge between traditional finance and cryptocurrency, funneling funds from institutional investors into Bitcoin through debt and equity sales. This approach has yielded a 15.5% Bitcoin yield for 2025, surpassing the company’s target and highlighting the success of its strategy.

Read more: Bitcoin Drop to $101k Triggers $700M in Liquidations

13,000+ Institutions Holding Strategy Stock

Analysts note that Strategy’s rapid Bitcoin acquisitions are outpacing miner supply, contributing to Bitcoin’s deflationary dynamics. With over 13,000 institutions holding Strategy stock, the company’s influence on Bitcoin’s market dynamics is profound, potentially driving prices higher. The purchase follows a pattern of consistent accumulation, with Strategy previously acquiring 15,355 BTC for $1.42 billion in April, bringing its year-to-date Bitcoin yield to 13.7% before this latest buy.

This move comes amid growing institutional adoption, with Bitcoin ETFs seeing significant inflows and corporations increasingly viewing BTC as a hedge against fiat inflation. However, critics caution that such heavy institutional buying could price out retail investors, with some analysts predicting Bitcoin could hit $110,000 or higher in May if support at $100,000 holds. Strategy’s strategy, while risky, reflects a long-term bet on Bitcoin’s value as “digital gold.”

As Strategy continues to double down on Bitcoin, its actions are reshaping the cryptocurrency landscape, signaling confidence in BTC’s future while sparking debates about market accessibility. With a capital plan to raise billions more for Bitcoin purchases, Strategy remains at the forefront of the corporate Bitcoin adoption wave.

The post Strategy Bolsters Bitcoin Holdings with $1.34 Billion Purchase appeared first on NFT Evening.

The downturn, reported by CoinDesk on May 13, 2025, reflects a cooling of risk appetite among traders, driven by macroeconomic uncertainty and shifting capital flows. Here’s a deep dive into today’s market dynamics, price movements, and the forces shaping the crypto landscape.

Sell the news action hit bitcoin today, which pulled back below $102K after challenging $106K hours ago. Further underperformance could be in the cards as tariff worries disappear.https://t.co/tkDjsyxFNA

— CoinDesk (@CoinDesk) May 12, 2025

Bitcoin Drops to $100k and Liquidation Cascade

Bitcoin BTC, the market’s bellwether, dropped 2% to hover around $101,000, erasing gains made earlier in the week when it briefly crossed $105,000. This pullback triggered a massive $700 million in long liquidations, as leveraged traders betting on higher prices were caught off guard. 

Source: TradingView

Liquidations occur when exchanges forcibly close leveraged positions due to insufficient margin, often amplifying price swings in volatile markets like crypto. The largest single liquidation was a BTCUSDT futures trade on Bybit, valued at $11 million.

Source: CoinGlass

The sell-off was partly attributed to profit-taking after Bitcoin’s recent rally, coupled with broader market caution. Posts on X highlighted a “soft” Asia trading session, with total market capitalization shedding $15.5 billion and capital flowing into stablecoins as investors sought safety. Other indicators including the Crypto Fear & Greed Index, a sentiment gauge, remains in “fear” territory, suggesting potential for a near-term bottom but also reflecting persistent unease.

Ethereum, XRP, and Solana Under Pressure

Ethereum ETH fell 2.2%, trading near $2,450. The decline follows a 36% surge last week, fueled by optimism around Ethereum’s Pectra upgrade and a U.S.-UK trade deal. However, today’s risk-off sentiment reversed those gains, with ETH futures contributing significantly to the liquidation tally.

Read more: ETH Price Prediction after Pectra Upgrade in May

Source: TradingView

XRP, often a darling of retail traders, gains 4%, trading at $2.5. 

Read more: Wellgistics Adopts $50M XRP: A Catalyst for Price Growth?

Source: TradingView

Solana SOL, a high-performance blockchain token, also dropped 2.5%, trading at $170. 

Source: TradingView

Large-cap altcoins like DOGE and ADA led losses, each down 7%. DOGE, trading at $0.2, has struggled to maintain momentum despite speculation around a potential ETF and Elon Musk’s influence. 

Source: CoinGecko

Macro Factors and Outlook

Today’s downturn aligns with macroeconomic headwinds, including uncertainty over Federal Reserve rate cuts and fears of stagflation. The CME FedWatch Tool indicates a 41.29% chance of a rate cut to 4.00%-4.25% by July, but traders remain wary of inflationary pressures from potential U.S. tariffs. Bitcoin’s role as a hedge against volatility continues to attract inflows into spot BTC ETFs, with BlackRock’s IBIT seeing $4.3 billion in monthly inflows.

Source: CME Group

While the market remains in a “holding pattern,” as noted by CoinDesk, Bitcoin’s dominance at 59% suggests capital is consolidating into safer assets. For now, traders are eyeing key support levels—$96,000 for BTC, $2,300 for ETH, and $2.20 for XRP – as potential inflection points. With volatility likely to persist, cautious positioning and robust risk management are critical in navigating this dynamic market.

The post Bitcoin Drop to $101k Triggers $700M in Liquidations appeared first on NFT Evening.

A recent advertisement from Coinbase highlighted that, in contrast to the limit of Bitcoin supply, the Fed prints out new dollars every day. If Bitcoin is not a true store of value, what should it be?

JUST IN: Coinbase releases new #Bitcoin commercial showcasing how much fiat is being printed out of thin air

/ 21 million pic.twitter.com/Ar2UNfpdDF

— Bitcoin Magazine (@BitcoinMagazine) May 12, 2025

No Limit on The USD Money Supply

The Federal Reserve expands the money supply through tools like open market operations, quantitative easing, or adjusting reserve requirements. $465 million daily is the monetary base growth, equating to ~$170 billion annually in recent years (based on Fed balance sheet data). This isn’t literal cash but digital reserves banks hold, increasing liquidity.

Moreover, the Fed can create money as needed, guided by economic goals (e.g., inflation control, employment). Since 2008, the monetary base grew from ~$800 billion to ~$5.7 trillion by 2025, partly due to crisis responses.

Source: Trading Economics

Money supply growth can lead to inflation, reducing the dollar’s purchasing power. Since 1913, the dollar has lost ~95% of its value; recent inflation (e.g., 7% in 2021) reflects this.

Read more: BTC Hovers Near $106k, ETH and XRP Test Key Resistance Levels

Fixed Supply of Bitcoin Ensures Scarcity

Bitcoin BTC has a hard cap of 21 million coins, coded into its protocol. New bitcoins are created via mining, with issuance halving every ~4 years (next halving ~2028). Currently, ~19.8 million bitcoins are in circulation, with the final coin to be mined around 2140.

Compared to the USD, which is subject to inflation and monetary policy changes, Bitcoin’s decentralized nature offers a hedge against traditional financial systems. Over the past year, the USD has experienced inflationary pressures, with the annual inflation rate in the US hovering around 3-4% (based on historical trends up to 2023), while Bitcoin’s fixed supply cap of 21 million coins ensures scarcity, driving its value higher over time.

Sustained Demand from First-Time Buyers

Glassnode’s recent Supply Mapping analysis provides a deeper look into Bitcoin’s market dynamics. On May 12, 2025, Glassnode reported that the Relative Strength Index (RSI) for First-Time Buyers has held at 100 for an entire week, indicating unprecedented demand from new entrants into the Bitcoin market. 

This metric, illustrated in Glassnode’s heatmap of cumulative supply RSI by cohort, shows a strong influx of fresh capital, a bullish signal for Bitcoin’s long-term growth. The heatmap reveals sustained green zones for First-Time Buyers, reflecting their aggressive purchasing behavior even at elevated price levels.

Source: X

However, the same report notes weaker participation from Momentum Buyers, with an RSI of approximately 11, suggesting that trend-following investors are not yet fueling the rally. Additionally, Profit Takers are on the rise, which could indicate potential selling pressure if new inflows slow down. 

Despite this, the overall trend of new buyers entering the market at such a high RSI level demonstrates confidence in Bitcoin’s future value, further solidifying its outperformance over the USD.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Speculative Momentum and Hot Capital Inflows

Glassnode’s earlier analysis from April 30, 2025, highlighted a surge in “hot capital” inflows into Bitcoin, driven by both First-Time Buyers and Momentum Buyers. This speculative enthusiasm indicates that Bitcoin is entering a new stage of market interest, with short-term capital rotating faster. 

Since 21 Apr, $BTC hot capital rose from $20.7B to $39.1B – an increase of $18.7B or +92%. This is one of the fastest upticks in short-term realized cap in recent months, signaling a surge in active capital turnover. pic.twitter.com/vM1lRgHJj7

— glassnode (@glassnode) April 29, 2025

While Ethereum has also seen an uptick in Profit Taker activity, Bitcoin’s demand surge appears more robust, with fewer obstacles to its upward momentum. This trend further supports Bitcoin’s outperformance over the USD, as investors increasingly turn to digital assets to hedge against fiat currency depreciation.

Source: Glassnode

Bitcoin as a Digital Store of Value

Bitcoin’s fundamental design also gives it an edge over the USD. With a fixed supply and a decentralized network, Bitcoin is often compared to digital gold – a store of value that is immune to inflation and government interference. 

Coinbase notes that Bitcoin is divisible into smaller units called satoshis (1 satoshi = 0.00000001 BTC), making it highly flexible for transactions. Additionally, Bitcoin’s ability to be sent, received, and stored using cryptographic keys enhances its privacy and control, features that the USD cannot replicate in its traditional form.

The post Coinbase: Bitcoin is Superior to USD appeared first on NFT Evening.

More and More Institutions Integrating XRP as a Payment Method

On May 8, 2025, Wellgistics Health, Inc., a Florida-based pharmaceutical distributor, announced its plan to adopt XRP for real-time payments and treasury management, backed by a $50 million Equity Line of Credit (ELOC). 

NEW: Florida pharma firm Wellgistics to use $XRP for real-time payments in $50M financing deal, aiming to cut banking delays, FX costs, and boost supply chain efficiency. pic.twitter.com/FurfwJRjhy

— Cointelegraph (@Cointelegraph) May 9, 2025

Wellgistics aims to streamline the healthcare supply chain using XRP’s blockchain for instant, low-cost transactions. Traditional wire transfers, costing $10-$30 and taking days, are inefficient compared to XRP’s 3-5 second settlements with sub-cent fees. Serving over 6,000 pharmacies, Wellgistics will use XRP for payments between suppliers, pharmacies, and manufacturers, while holding XRP in its treasury for liquidity. The $50 million ELOC will fund this integration, build reserves, and explore innovations like programmable liquidity and smart rebates.

The adoption of XRP by traditional corporations like Wellgistics Health, Inc., alongside other major players such as MoneyGram, Cuallix, and Mercury FX, is accelerating a path toward mass adoption, fundamentally reshaping global financial systems. 

Read more: XRP Investors Use Rich Miner Cloud Mining to Passively Earn $156,000?

XRP is Leading The Way of Mass Adoption

Several institutions have adopted XRP or Ripple’s technology for cross-border payments and financial operations, though some use RippleNet without directly leveraging XRP. 

• Santander Bank: Utilizes RippleNet for its One Pay FX service since 2018 to enable faster international transfers, though it primarily uses Ripple’s blockchain without requiring XRP.
• Bank of America: Starting in 2025, has explored XRP for blockchain-based settlements to enhance interbank payment efficiency, with reports suggesting its use for internal transactions.
• J.P. Morgan Chase: Announced in 2024 that it accepts XRP for credit card and mortgage payments, integrating XRP into its payment systems.
• Standard Chartered: Partners with Ripple since 2016 to leverage XRP for cross-border remittances, particularly in Asia, to reduce costs and settlement times.
• SBI Holdings (Japan): A strong advocate for XRP, using it for remittance services through SBI Remit, with over 80% of Japanese banks expected to integrate Ripple’s solutions by 2025.
• Cuallix: A 2018 early adopter of Ripple’s xRapid (now On-Demand Liquidity), using XRP for cheaper U.S.-Mexico cross-border payments.
• National Bank of Abu Dhabi (First Abu Dhabi Bank): The first Middle Eastern bank to use Ripple for international transfers, focusing on its $19 billion remittance market in 2017.
• Commercial International Bank (Egypt): Partners with Ripple in 2024 to enable blockchain-based payments and explore NFT integrations.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

These institutions highlight XRP’s growing role in global finance, though adoption varies between using XRP directly (e.g., via On-Demand Liquidity) or RippleNet’s broader blockchain solutions. Regulatory clarity, especially post-SEC lawsuit, continues to influence broader uptake.

Read more: Bullish Signal for XRP and Ripple

XRP Price Impact: Bullish Momentum Building

XRP is currently trading at $2.43 with an 11.5% weekly gain. Analysts see XRP testing resistance at $3.40, with $3.80 or $5.00 possible if momentum holds. 

Source: Coinmarketcap

The sentiment surrounding XRP is very positive as investors wait for the SEC to approve an XRP ETF soon, in addition to the fact that it has been integrated by significant international institutions.

According to Bloomberg, the XRP ETF has an 85% chance of being approved because of its high liquidity and clear legal status after the SEC lawsuit ended in March 2025. Institutional investors are showing a great deal of interest in this optimism, which is also driving price momentum.

The post Wellgistics Adopts $50M XRP: A Catalyst for Price Growth? appeared first on NFT Evening.

MOODENG Surged 550% in 7 Days

MOODENG, a Solana-based meme coin, surged 840% to $0.26 after its Binance Alpha listing on May 11, 2025, with a 555% weekly gain. Its market cap hit $257 million, trading volume spiked 130%, but meme coin volatility warrants caution.

Source: Binance Exchange

AI Meme Coin Gaining Spotlight Again with GOAT

Goatseus Maximus GOAT, another Solana meme coin, climbed 43% to $0.22 post-listing, gaining 200% weekly. Backed by an AI chatbot’s community, GOAT’s market cap grew by $221 million. It faces resistance at $0.90, with support at $0.75, but rapid gains signal potential corrections.

Learn more: 11 Best Meme Coins to Buy & Invest in 2025

Source: Binance

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Binance Alpha PUFFER Airdrop

PUFFER an Ethereum re-staking protocol, joined Binance Alpha with its exclusive token airdrop.

Each Binance user who has at least 186 Alpha Points will be eligible for a 362 PUFFER token airdrop.

Moreover, a lucky airdrop of 362 PUFFER tokens has been distributed to all users whose Alpha Points are between 147 and 185 (inclusive) and whose Binance UIDs end in 5.

We’re pleased to announce Puffer (PUFFER) has been featured on Binance Alpha, and 362 PUFFER tokens have been airdropped to each eligible Binance user who has at least 186 Alpha Points.

In addition, a lucky airdrop of 362 PUFFER tokens has been distributed to all users whose… pic.twitter.com/HjVIsZ2jA8

— Binance (@binance) May 12, 2025

PUFFER is trading at $0.28, marking a 44% gain on a weekly basis.

Source: CoinGecko

Claiming NEXPACE (NXPC) Airdrop on Binance Alpha on May 13

Binance Alpha will begin distributing NEXPACE (NXPC) to eligible users. This is the first platform to list and open trading for NXPC tokens.

Airdrop claim window opens: May 13, 2025

Eligible users must use Alpha Points to claim their rewards

More details to be shared tomorrow.

Get ready! Binance Alpha will be the first platform to feature NEXPACE (NXPC)! Trading will open on May 15th.

Starting May 13th, eligible users need use Alpha Points to claim their airdrop on the Alpha event page, which will be published tomorrow with the activity rules.

Stay… pic.twitter.com/y19FHJQ701

— Binance (@binance) May 12, 2025

The post Binance Alpha Listings: MOODENG, GOAT, PUFFER and NXPC Airdrop appeared first on NFT Evening.

Bitcoin Remains Stable Near $105k

Bitcoin, the flagship cryptocurrency, is trading at around $106,000, up 2% on the day. Its market dominance stands at 59.6%, underscoring its pivotal role in dictating market sentiment. The momentum is driven by optimism around macroeconomic developments and U.S. policy shifts, including discussions of a strategic Bitcoin reserve.

Source: CoinGecko

However, Bitcoin has since pulled back, with analysts noting low volatility—a 563-day low—suggesting a potential cooling-off phase. The immediate resistance lies at $97,000, with the psychological $100,000 barrier looming large. If bullish momentum resumes, analysts project a push toward $107,000, while support holds firm at $85,645. 

Read more: CryptoQuant CEO: “A New Era for Bitcoin has Begun”

Market sentiment remains cautiously optimistic, bolstered by institutional adoption and ETF inflows, though concerns about macroeconomic uncertainties, such as U.S. trade policies, could introduce volatility.

Ethereum’s Market Capitalization Surpasses Coca-Cola 

Ethereum, the second-largest cryptocurrency by market cap, is priced at approximately $2,500, reflecting a robust 40% weekly gain and a daily increase of 4%. With a market cap of $311 billion, ETH has surpassed Coca-Cola’s market value, ranking 40th in the top global asset market capitalization.

Source: CoinGecko

The recent rally is partly attributed to anticipation for the Pectra upgrade and positive market sentiment following Bitcoin’s upward movement.

$ETH‘s market cap has surpassed Novo Nordisk and is looking at Coca-Cola, Alibaba and BOA.$ETH is currently the 36th largest asset in the world. pic.twitter.com/bCYdWzAIja

— CW (@CW8900) May 12, 2025

Technical indicators suggest Ethereum is testing resistance around $2,500, with potential to reclaim its multi-month high of $2,600 if bullish momentum persists. However, analysts warn of possible pullbacks to $1,500 if liquidity issues arise.

Vitalik Buterin’s recent comments on improving rollup security have highlighted ongoing development efforts, reinforcing long-term confidence in Ethereum’s ecosystem. Despite occasional underperformance compared to Bitcoin, ETH’s role as a smart contract platform continues to drive institutional interest, with ETF outflows recently stabilizing.

Read more: BlackRock Proposes Ethereum ETF Staking, Boosting ETH Price

All Eyes on Altcoin Season

Other large-cap cryptocurrencies, such as XRP, Solana (SOL), Binance Coin (BNB), exhibit varied performance. Solana is trading at $179, up slightly but struggling to regain its $200 highs from earlier in 2025. Analysts forecast a wide range for SOL in 2025, from $122 to $490, contingent on continued scalability improvements. BNB maintains stability, with market caps comparable to XRP, though they lack the same upward momentum.

Source: CoinGecko

The broader altcoin market is showing signs of life, with decreasing USDT dominance indicating investors are shifting funds from stablecoins to riskier assets like ETH and XRP. However, an “Altcoin Season” remains elusive, as Bitcoin’s dominance continues to suppress smaller rallies. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are also gaining traction, driven by social media buzz, but their volatility makes them less reliable for sustained gains.

The crypto market is navigating a complex landscape shaped by macroeconomic factors, regulatory developments, and technical trends. The Fear & Greed Index is neutral at 51, reflecting uncertainty among investors. U.S. policies under the Trump administration, including a proposed strategic crypto reserve featuring BTC, ETH, XRP, and SOL, have sparked both optimism and debate. Meanwhile, global trade tensions and potential tariff wars could dampen bullish sentiment, as seen in March 2025 when BTC dropped below $83,000.

The post BTC Hovers Near $106k, ETH and XRP Test Key Resistance Levels appeared first on NFT Evening.

*Metaplanet Acquires Additional 1,241 $BTC* pic.twitter.com/zrJYzaZJq6

— Metaplanet Inc. (@Metaplanet_JP) May 12, 2025

Metaplanet Surpasses El Salvador’s Holdings

Metaplanet’s official notice detailed that the 1,241 BTC was acquired at an average price of $102,119 per Bitcoin, contributing to a cumulative investment of $608.2 million across its entire Bitcoin portfolio. The average purchase price for its 6,796 BTC now stands at $89,492 per BTC. 

This acquisition follows a series of purchases in 2025, including 319 BTC on April 14 for $26.3 million and 497 BTC on March 5 for $43.9 million, highlighting Metaplanet’s consistent accumulation strategy.

The company also reported a BTC Yield of 38.0% for the first quarter of 2025 (January 1 to March 31), a key performance indicator that measures the percentage change in the ratio of Total Bitcoin Holdings to Fully Diluted Shares Outstanding. This metric reflects the net Bitcoin accretion, excluding dilution effects. 

Since adopting its Bitcoin strategy in July 2024, Metaplanet has achieved impressive yields, with 41.7% from July to September 2024 and 309.8% from October to December 2024, demonstrating the financial impact of its approach.

Read more: Metaplanet Hits 5,000 BTC Mark in Crypto Surge

Metaplanet Stock Surged over 15x in the Past Year

Metaplanet began its Bitcoin treasury operations in May 2023, and its holdings have grown steadily, from 908.832 BTC on September 30, 2024, to 1,761.988 BTC by December 31, 2024, and now to 6,796 BTC. 

The firm has funded these acquisitions through strategic financing, including a $25 million interest-free bond issuance in 2025, signaling a long-term commitment to Bitcoin. 

This aggressive accumulation has significantly boosted its stock price, which surged over 15x in the past year, as reported by BeInCrypto on May 7, 2025.

Surpassing El Salvador’s Bitcoin holdings marks a symbolic milestone. El Salvador, which adopted Bitcoin as legal tender in 2021, has been a prominent national adopter of the cryptocurrency. Metaplanet’s 6,796 BTC, valued at approximately $656 million at Bitcoin’s current price of $96,600, highlights the scale of corporate adoption compared to state-led initiatives.

The post Metaplanet Adds 1,241 BTC, Surpasses El Salvador’s Holdings appeared first on NFT Evening.

@BlackRock meets @SECGov Crypto Task Force to discuss:

Staking in crypto ETPs
Securities tokenization

BlackRock pushes for Ether ETF staking & eyes tokenized funds like its $2.9B BUIDL#BlackRock #SEC #Ethereum #ETF #Crypto pic.twitter.com/tpg9tdxV4P

— Crypto News (CoinGape) (@CoinGapeMedia) May 10, 2025

All eyes on Ethereum ETF staking

This proposal has the potential to change the crypto investment landscape by turning Ethereum ETFs into yield-generating assets similar to bonds.

To allow the creation and redemption of ETF shares using ETH rather than USD, BlackRock is proposing to amend its S-1 filing. Using BlackRock’s $2.9 billion BUIDL fund, a tokenized fund that was introduced in March 2024 and concentrates on conventional assets like U.S. Treasury bills (T-bills) on the Ethereum network, this change seeks to combine staking and tokenization tactics. 

The BUIDL fund is a prime example of BlackRock’s overarching plan to integrate decentralized systems with traditional finance, with Ethereum serving as a key component of this development.

If permitted, staking in Ethereum ETFs could yield roughly 3.2% annually, per market research. This potential return is expected to attract significant institutional investment in Ethereum, giving investors the chance to benefit from both capital growth and passive income. 

The market has already priced it in as investors await the SEC’s decision; over the past seven days, ETH has increased by nearly 40%, outpacing Bitcoin and other notable cryptocurrencies.

Source: CoinGecko

SEC turns positive fueling more ETFs proposal

The SEC has historically regarded staking as a potential unregistered security under the Howey Test, a legal framework used to determine whether an asset qualifies as an investment contract. Staking is specifically prohibited at launch for Ethereum Spot ETFs, which were approved by the SEC in May 2024. This has generated controversy in the financial community and has been a significant barrier to staking integration into ETFs. 

A more crypto-friendly SEC in 2025 appears to be examining these restrictions and potentially paving the way for regulatory approval, based on updates on SEC.gov.

In a March 2025 interview with CNBC, Robert Mitchnick, head of digital assets at BlackRock, highlighted the revolutionary potential of staking for Ether ETFs.

“Approval of this feature could significantly boost investor interest,” he said, “even though Ethereum ETFs have seen lackluster demand since their July 2024 debut, largely due to the absence of staking.” 

Mitchnick said, “An ETF has been a compelling vehicle for holding Bitcoin, but it’s less perfect for ETH today without staking.” He also emphasized the need for regulatory clarity to fully realize Ethereum’s potential in institutional portfolios.

The Ether ETF staking proposal has ramifications that go beyond the price of Ethereum. By allowing staking in ETFs, cryptocurrency assets could be reframed as instruments for both income generation and capital appreciation, bringing them closer to conventional Wall Street financial products. 

Read more: SEC Boosts Bitcoin and ETF Altcoins by PoW Compliance

This change could usher in a new era for cryptocurrencies, bringing them closer to mainstream financial integration and away from their decentralized roots. The cryptocurrency market is keeping a close eye on the SEC’s deliberations, with Ethereum possibly spearheading the push for a hybridized financial future.

The post BlackRock Proposes Ethereum ETF Staking, Boosting ETH Price appeared first on NFT Evening.

Ki Young Ju, the CEO of CryptoQuant and a renowned on-chain analyst, reflected on his earlier prediction that “the Bitcoin bull cycle was over.” 

Two months ago, I said the bull cycle was over, but I was wrong. #Bitcoin selling pressure is easing, and massive inflows are coming through ETFs.

In the past, the Bitcoin market was pretty simple. The main players were old whales, miners, and new retail investors, basically… pic.twitter.com/oN4n6vNc0s

— Ki Young Ju (@ki_young_ju) May 9, 2025

Ki Young Ju released a chart called “Signal 365 MA” and acknowledged his mistake, providing insights into how the market has changed due to new players, including institutional investors and exchange-traded funds (ETFs). 

A market transformed: New players, new rules

In his post, Ki Young Ju explained why his earlier claim that “the Bitcoin bull cycle was over” was false. The market was dominated by miners, individual investors, and old whales who played a game called “Musical Chairs,” which made Bitcoin cycles predictable in the past. 

Read more: “Bitcoin growth cycle has ended” said CryptoQuant CEO

When retail liquidity dried up and whales cashed out, a sequence of sell-offs often signaled a cycle peak. “It was relatively easy to predict the cycle peak,” he stated. But that model is no longer relevant.

Today’s Bitcoin market is far more diverse. Institutional investors, MicroStrategy, ETFs, and government agencies are all entering the market. The launch of 11 Bitcoin spot ETFs has greatly expanded institutional liquidity, with daily ETF volumes now approaching $10 billion. 

“New liquidity sources and volume are becoming more uncertain, signaling a transition as the Bitcoin market merges with TradFi,” Ki Young Ju said, highlighting this change. 

Since these new participants can offset even intense selling pressure, he now thinks the emphasis should be on institutional inflows rather than whale sell-offs.

This shift is graphically supported by the “Signal 365 MA” chart, which compares the price of Bitcoin to its 365-day moving average (MA) from 2013 to 2025. 

Source: CryptoQuant

In the past, the chart has displayed severe dives below the 365 MA during bear markets (e.g., 2018, 2022) and strong peaks above it during bull runs (e.g., 2017, 2021). 

However, the price of Bitcoin is closer to the 365 MA in 2025, and corrections seem to be longer but shallower.

Looking Ahead: A New Era for Bitcoin?

Ki Young Ju is still cautiously hopeful about the future of Bitcoin. He said that although the market was “sluggish while absorbing new liquidity,” “recent price action is extremely bullish,” fueled by large inflows of ETFs and a reduction in selling pressure. He did point out, though, that the signs are still ambiguous, with no distinct bullish or bearish signal for the profit-taking cycle.

Another level of complexity is introduced by the expanding impact of traditional finance. Although there has been an increase in the correlation between Bitcoin and the S&P 500, this link is not always stable, and Bitcoin’s volatility is still problematic.

Investors must adjust to this changing environment. Navigating the benefits and risks of 2025 will require a knowledge of the influence of institutional liquidity, as the previous principles governing Bitcoin cycles may no longer be applicable. It is more important than ever to keep informed, regardless of whether this is a transitory change or the beginning of a new chapter for Bitcoin.

The post CryptoQuant CEO: “A New Era for Bitcoin has Begun” appeared first on NFT Evening.

Announcing Monad Testnet-2!

Testnet-2 is an experimental environment for enhancing validator readiness for mainnet – this is for validators, not for users.

A total of 100-150 participants will be selected. T-2 is expected to last for 10 weeks starting in late May. pic.twitter.com/ias3KBv8LE

— Monad ⨀ (@monad_xyz) May 8, 2025

The focus on validator readiness in Testnet-2 reflects Monad’s emphasis on decentralization, addressing a key challenge in the blockchain trilemma – balancing scalability, security, and decentralization – as highlighted by Shardeum’s similar efforts in 2023.

Monad’s selection of 100-150 validators for Testnet-2 mirrors strategies used by other Layer 1 blockchains like Ethereum, which used testnets like Ropsten to simulate mainnet conditions before major upgrades.

Source: X

The 10-week duration of Testnet-2, starting in late May, positions Monad’s mainnet launch potentially in early August, aligning with community predictions of a Q3 rollout.

Monad’s parallel operation of Testnet-1 and Testnet-2 ensures continuity for users, a strategy similar to Solana’s use of devnet and testnet environments to separate user and validator testing.

The experimental nature of Testnet-2 builds on Monad’s earlier success, with its first testnet crossing 1 billion transactions in April, signaling strong network performance.

Monad’s focus on validator training could enhance its appeal for institutional adoption, especially as US banks now face fewer restrictions on handling client crypto assets following recent OCC rule changes.

The timing of Testnet-2 coincides with Ethereum’s Pectra upgrade on May 7, which improved scalability and staking limits, potentially intensifying competition among Layer 1 blockchains.

Read more: ETH Price Prediction after Pectra Upgrade in May

Additionally, Monad launched a MON testnet airdrop to reward active users on Farcaster, distributing tokens to 77,000 accounts.

Read more: Check Airdrop Monad Token (MON) on Your Farcaster Wallet

The post Monad Announcing Monad Testnet-2 appeared first on NFT Evening.

The total crypto market capitalization has breached $3,3 trillion, reflecting a 3.4% increase in the last 24 hours. This bullish momentum is driven by a combination of macroeconomic developments, institutional adoption, and technical breakouts. 

Bitcoin Breaking the $100,000 Barrier

Bitcoin is trading at approximately $102,700, up nearly 4% in the last 24 hours, with daily trading volume surging to $47 billion. This marks a significant milestone, as BTC has reclaimed the $100k level after dipping to $75,000 in early April following trade tariff concerns. 

Source: CoinGecko

Several momentums are behind this rally:

• Easing US-China Trade Tensions: Optimism over potential progress in US-China trade talks has boosted risk-on sentiment across global markets, including cryptocurrencies. China’s commerce ministry recently signaled openness to negotiations, reducing fears of escalating tariffs that previously weighed on risk assets. This has driven Bitcoin’s price, as investors view it as a hedge against economic uncertainty.
• Massive Short Liquidations: The derivatives market has seen significant activity, with $341 million in short Bitcoin positions liquidated in the last 24 hours. This imbalance reflects strong bullish momentum, as bearish traders are forced to cover their positions, further pushing prices upward.

Source: CoinGlass

• Institutional and Regulatory Tailwinds: Recent developments, such as the US Office of the Comptroller of the Currency (OCC) relaxing rules to allow banks to buy and sell client crypto assets, have bolstered institutional confidence. Additionally, Arizona’s passage of a Bitcoin reserve bill and record inflows into Bitcoin ETFs signal growing mainstream adoption.
• Federal Reserve’s Steady Rates: The Federal Reserve’s decision to maintain interest rates at 4.25%-4.50% on May 7 has reinforced Bitcoin’s appeal as a store of value, especially amid stagflation fears. Investors are increasingly turning to BTC as “digital gold” to hedge against fiat currency erosion.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Ethereum Riding the Altcoins Wave

Ethereum is trading at around $2,200, reflecting a 16.8% gain in the last 24 hours and a 20.2% surge over the past week. ETH’s market capitalization stands at $267.45 billion, solidifying its position as the second-largest cryptocurrency.

Source: CoinGecko

The recent activation of Ethereum’s Pectra upgrade on May 7 has further fueled optimism. Pectra introduced smart accounts, higher staking limits, and improved scalability through key Ethereum Improvement Proposals (EIPs). Features like EIP-7702 (enabling externally owned accounts to act as smart contracts) and EIP-7691 (increasing data blobs for layer-2 scalability) have enhanced Ethereum’s utility for dApps and smart contracts, attracting developers and investors.

Learn more: Ethereum Price Prediction after Pectra Upgrade in May

Like Bitcoin, Ethereum has seen significant short liquidations, with $283 million in short ETH positions wiped out in the last 24 hours.

Caution ahead

The crypto market is riding a wave of optimism driven by easing trade tensions, pro-crypto policies, and strong technical breakouts. Bitcoin’s surge past $100k and Ethereum’s rally to $2,200 reflect a potent mix of institutional inflows, short liquidations, and macroeconomic tailwinds. 

While risks like potential Fed policy shifts and technical pullbacks loom, the current momentum underscores crypto’s growing role as a mainstream asset class. Investors should stay informed and cautious, as the market’s volatility remains a double-edged sword.

The post Bitcoin Price Surpasses $100k amid Trade Optimism appeared first on NFT Evening.

Binance Wallet will support the Doodles (DOOD) airdrop for Koma Inu (KOMA) holders. Eligible users will receive the airdrop in their Binance Wallets.

Airdrop Details

The airdrop details and rules are as follows:

Snapshot Time: 2025-05-07 00:00 (UTC)

Airdrop 1: MUBARAK, BROCCOLI714, TST and 1MBABYDOGE Holders

Binance will calculate the total value of MUBARAK, BROCCOLI714, TST, and 1MBABYDOGE that each user holds in their Binance account and Binance Wallet.

The top 40,000 users with the highest MUBARAK, BROCCOLI714, TST, and 1MBABYDOGE total holdings will be eligible for Airdrop 1.

Airdrop 2: KOMA Holders

Binance will calculate the total value of KOMA each user holds in their Binance Wallet.

The top 10,000 users with the highest KOMA holdings will be eligible for Airdrop 2.

Distribution Time: Binance will post an announcement once the distribution is completed.

About Doodles (DOOD)

Doodles ($DOOD) is the native token of the Doodles ecosystem, launched on the Solana blockchain. Doodles is a community-driven storytelling brand starting with a blue-chip NFT collection that launched in October 2021. The NFT collection has 10,000 hand-drawn, pastel-colored characters that have quickly become favored by the art community.

The post Binance Will Support Doodles Airdrop for BSC Memecoin Holders appeared first on NFT Evening.

Alphabet’s 9% Stock Plunge

$GOOGL, the stock of Alphabet dropped over 9% on May 7, 2025, after Apple announced it is exploring AI-powered search features for its Safari browser, signaling a potential shift in the search engine market.

Truly incredible:

Alphabet, $GOOGL, extends losses to over -9% on the day as Apple explores AI search in its browser.

Not a single 10-minute green candlestick in 2 hours. pic.twitter.com/gQRStej2Tl

— The Kobeissi Letter (@KobeissiLetter) May 7, 2025

Apple’s senior vice president of services, Eddy Cue, revealed during Alphabet’s antitrust trial that Safari searches dropped for the first time last month, with users turning to AI-based search options like ChatGPT, already integrated into Apple’s ecosystem.

Google currently pays Apple $20 billion annually to remain the default search engine on Safari, a deal central to the U.S. Justice Department’s lawsuit alleging Google maintains an illegal monopoly in search.

The news has sparked interest in AI crypto tokens, which power decentralized AI platforms, as investors see potential in blockchain-based AI solutions amid the shifting search landscape.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Bittensor (TAO) Leading AI Crypto Token Surge

Bittensor TAO, an AI crypto token, operates a decentralized marketplace for trading AI models and computational resources, gaining traction as a platform for machine intelligence.

The Graph GRT, another AI token, serves as a blockchain search engine with its indexing protocol, recently dipping below a $1 billion market cap but still viewed as a key player.

SingularityNET AGIX focuses on building decentralized Artificial General Intelligence (AGI), pumping over 80% in the past 30 days.

AI crypto tokens like Render RENDER are also relevant, connecting artists with GPU owners for rendering power, a use case tied to the growing demand for AI computational resources.

Source: CoinGecko

Google’s own AI search efforts, like Gemini and AI Overviews, face competition from OpenAI’s SearchGPT and Meta’s planned AI search for its platforms, highlighting a broader industry trend toward AI-driven search solutions.

The post Alphabet Stock Plunge Sparks AI Crypto Tokens Surge appeared first on NFT Evening.

$100k as a psychological barrier

Historically, Bitcoin (BTC) has faced significant resistance at major psychological price levels, with $100,000 being a notable milestone. In late 2024, when BTC briefly touched $100k, it triggered a sharp sell-off. 

This phenomenon, often driven by profit-taking from short-term traders and institutional players, saw BTC retreat by 10-15% within days. The $100k level, viewed as a euphoric peak, prompted holders to lock in gains, leading to heightened volatility and a temporary correction. 

Such behavior aligns with previous milestones like $10k in 2017 and $50k in 2021, where rapid surges were followed by pullbacks as market sentiment shifted.

Source: CoinGecko

What will happen when BTC reaches $100k again?

In 2024, as BTC rallied from $80k to $100k, trading volume spiked, and leverage in derivatives markets soared, indicating speculative fervor. Each time BTC neared this level, on-chain data showed increased activity from whale wallets transferring to exchanges, a signal of potential selling pressure. 

As mentioned by @FastOptical,  there will be a big sell wall at $100k:

100k will be a big sell wall to get through cc @ChainStatsPro market depth, orderbooks snapshot. $btc pic.twitter.com/xDtyJ2j5ho

— Liquidity Price (@FastOptical) May 8, 2025

However, not every approach led to a dump. For instance, in Q3 2024, BTC consolidated around $95k for weeks without a major correction, supported by strong institutional buying and ETF inflows. 

The key differentiator appears to be market conditions: overheated sentiment (high funding rates, excessive leverage) often precedes sell-offs, while steady accumulation mitigates dumps. 

As of May 2025, with BTC hovering around $98k, low leverage and balanced sentiment suggest a possible breakout above $100k, though vigilance for sudden shifts remains critical.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Altcoin follows Bitcoin

Altcoins typically follow Bitcoin’s price action, amplifying its movements. When BTC surged to $100k in 2024, major altcoins like Ethereum (ETH) and Solana (SOL) rallied 20-30% in tandem, only to face sharper corrections during BTC’s pullback.

Source: CoinGecko

This correlation stems from market psychology: BTC’s dominance drives capital flows, and a BTC sell-off often triggers panic in altcoin markets. Smaller-cap altcoins, with lower liquidity, are hit hardest, sometimes dropping 40-50% in hours.

Trade with caution

For traders, this dynamic underscores the need for caution. Key considerations include:

• BTC Dominance: A rising BTC dominance index often signals altcoin underperformance, especially during corrections.
• Liquidity Management: Avoid over-leveraging altcoin positions, as volatility spikes during BTC dumps.
• Selective Opportunities: Altcoins with strong fundamentals (e.g., layer-1 protocols with high developer activity, DEX, DeFi) may recover faster post-correction.
• Risk Mitigation: Set stop-losses and diversify exposure to reduce downside risk during BTC-led volatility.

Traders and investors should approach the $100k milestone with a clear strategy. First, track on-chain metrics like exchange inflows and whale activity to gauge selling pressure. Second, monitor derivatives markets for signs of overheating (e.g., high funding rates or open interest). Third, prioritize capital preservation by reducing leverage and securing profits in altcoins during BTC’s approach to $100k. 

While $100k could mark a historic breakout, preparing for volatility is key to navigating this pivotal moment.

The post Will Bitcoin Price Reaching $100k Trigger Another Sell-Off? appeared first on NFT Evening.

Listing Details

• Launch Date on Futures and Alpha: May 9, 2025
• Leverage on Futures: Up to 50x available
• Funding Rate Cap: Limited to +2.00% / -2.00%

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Doodles (DOOD)

Doodles is a leading NFT brand that originated in 2021 with a 10,000-piece hand-drawn collection created by artist Burnt Toast. Known for its vibrant aesthetics and strong community, the project has since evolved into a multimedia ecosystem spanning music, fashion, and digital identity.

Doodles launched $DOOD, its native token designed to power experiences across the Doodles universe, including avatar customization (Doodles 2), governance, and cross-chain incentives. The token’s debut aligns with the project’s broader push into Solana and Web3 infrastructure, signaling a shift from static collectibles to a dynamic, utility-driven platform.

Read more: Check your Doodles (DOOD) Airdrop!

Doodles Social Account

• X
• Website

Binance Alpha Users Received $DOOD Airdrop, Spot Listing Likely Next

As part of its early support for the Doodles ecosystem, Binance Alpha users were eligible to receive $DOOD tokens via a targeted airdrop. This move has further fueled market optimism, with many traders pointing out that Binance was the first major exchange to announce support for the token.

Given this early endorsement and the Futures listing now confirmed, sentiment suggests there’s a 90% likelihood that $DOOD will be listed on Binance Spot in the near future.

The post Binance Lists Doodles (DOOD) on Futures Contract and Alpha appeared first on NFT Evening.

Movement CEO Fired Amid Scandal

Turmoil continues to hit the blockchain project Movement Labs as its CEO and co-founder, Rushi Manche, has been officially dismissed following a series of market manipulation allegations related to the native token MOVE.

Movement Labs has terminated Rushi Manche. Movement will continue under different leadership.

Details on leadership changes and a revamped governance structure will be coming soon.

— Movement (@movementlabsxyz) May 7, 2025

The controversy erupted after Coinbase unexpectedly announced it would suspend trading of MOVE on May 15, sparking widespread concern in the crypto community. Just hours later, Movement Labs announced that it had suspended Rushi Manche, marking the beginning of a wave of shocking revelations.

According to an investigation by CoinDesk, Manche allegedly overstepped his authority to push through a deal between Movement Labs and a market maker (MM), despite legal objections from the company’s compliance team.

The deal granted the market maker control over 66 million MOVE tokens, a quantity large enough to significantly manipulate the market. Binance later blacklisted that market maker for violating rules related to price manipulation.

In a statement posted on X, Rushi Manche admitted fault, saying he had been “too trusting” and failed to anticipate conflicts of interest between advisors and deal participants. However, his explanation has done little to calm the backlash from outraged investors.

Read more: MOVE Downed 80%: Catalyzed by Negative Information Overload.

Binance Suspends HODLer Airdrop Program Amid Movement Labs Scandal

In a notable development tied to the controversy, Binance has announced the suspension of its HODLer Airdrop program for the MOVE token. According to an earlier statement in early May, Binance had planned to distribute 5% of MOVE’s total supply to long-term holders approximately six months after the token’s initial listing.

However, due to ongoing events surrounding Movement Labs, Binance has decided to postpone the program until the project provides greater transparency regarding its current situation. The team will hold the airdrop tokens in a public wallet to ensure transparency with the community.

Binance emphasized that user protection and transparency standards remain its top priorities, and the exchange will closely monitor developments and update its policy accordingly.

Project Continues Operations, New Leadership Disclosure

A spokesperson for Movement Labs stated that the project will continue to operate normally under the direction of a new leadership team. The team will announce details about the updated organizational structure and the project’s strategic direction in the near future.

MOVE Price – Source: CoinGecko

Amid the escalating scandal, Movement Labs has also launched a token buyback program for MOVE in an effort to limit investor losses and restore community trust. Additionally, the team has pledged to continue its internal investigation to clarify the responsibilities of all involved parties, ensuring transparency and accountability moving forward.

The post Movement Labs’s CEO Got Fired due to Recent Malicious Activities appeared first on NFT Evening.

6 Tokens Listed under “Monitoring Tags”

As of May 7, 2025, Binance has placed the following six tokens under the Monitoring Tag designation:

• Stella (ALPHA)
• Hifi Finance (HIFI)
• LeverFi (LEVER)
• Movement (MOVE)
• Portal (PORTAL)
• Rei Network (REI)

This designation means these assets will be subject to closer scrutiny. Binance will regularly reassess each project and may add or remove the tag based on updated evaluations and compliance with listing standards.

User Score

10

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn More

What Are the Monitoring Tags?

Tokens marked with the Monitoring Tag are considered to carry higher risk and are subject to greater price fluctuations compared to typical listed assets. Binance places these tokens under closer observation and conducts regular evaluations to determine if they still meet the platform’s listing criteria.

To continue trading these tokens, whether on Spot or Margin, users must pass a risk awareness assessment every 90 days. Binance displays a Monitoring Tags on each token’s trading page and in the market overview, along with a prominent banner that highlights the associated risks.

Read more: Is Binance Safe? Binance Exchange Security Measures Tested

The post Binance Adds Six More Tokens to Monitoring Tags appeared first on NFT Evening.

Listing Details

• Trading pairs: KMNO/USDT, KMNO/USDC SYRUP/USDT and SYRUP/USDC
• Listing date: 2025-05-06 15:00 (UTC)
• Withdrawal open at: 2025-05-07 15:00 (UTC)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Token Details

SYRUP

• Contracts: 0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66 (Ethereum) & 0x688AEe022AA544f150678B8E5720b6b96a9E9a2F (Base)
• Total Supply: 1.15B SYRUP

Token Allocation:

• Seed Investors, Team, and Advisors: 51% of the total supply, subject to a 24-month linear vesting schedule.
• Treasury: 14% allocated to the Maple Treasury for protocol development and ecosystem growth.
• Public Sale: 5% sold during a public auction to foster community involvement.
• Liquidity Mining Incentives: 30% designated to reward participants who provide liquidity and support the platform’s operations.

KMNO

• Contracts: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS (Solana)
• Token Supply: 10B KMNO

Token Allocation:

• Community Incentives: 35% (3.5 billion tokens) allocated for growth initiatives, including builder grants, user rewards, and community incentives, managed by the Kamino Treasury.
• Team & Advisors: 35% (3.5 billion tokens) reserved for key stakeholders and advisors, locked for 12 months, vesting linearly over 24 months.
• Core Contributors: 20% (2 billion tokens) allocated to the core team (product, engineering, risk management, operations), locked for 12 months, vesting linearly over 24 months.
• Liquidity Provision: 10% (1 billion tokens) designated for growing liquidity across various venues (e.g., DEXs like Orca, Raydium, Meteora) throughout the token’s lifecycle.
• Initial Community Airdrop (KMNO Genesis): 7.5% (750 million tokens) distributed to early users based on Kamino Points snapshot taken on March 31, 2024.

Source: Cryptorank

About Maple Finance (SYRUP)

Maple Finance is a DeFi protocol focused on institutional lending, providing undercollateralized loans to vetted borrowers such as market makers, hedge funds, and crypto institutions. It operates on Ethereum and Solana, offering fixed-rate, short-duration lending pools with yields typically around 10-12% APY. The protocol emphasizes transparency, compliance (KYC/AML), and risk management, distinguishing it from retail-focused DeFi platforms.

SYRUP is the native governance and utility token of Maple Finance and its retail-oriented sister protocol, Syrup.fi. SYRUP is a rebranded token from MPL.

Social Accounts:

• X
• Website

About Kamino Finance (KMNO)

What is Kamino finance (KMNO) Kamino Finance is a DeFi protocol built on the Solana blockchain, offering a suite of automated, capital-efficient financial products, including lending, borrowing, leveraged yield farming, and liquidity provision. It aims to simplify DeFi for both retail and advanced users by providing user-friendly tools like Automated Liquidity Vaults, K-Lend, Multiply (up to 5x leverage), and Long/Short strategies. Kamino is a leading DeFi protocol on Solana, with $2.17 billion in total value locked (TVL) and $30,000 in average daily revenue as of Q1 2025, as per DeFiLlama.

KMNO is the native governance and utility token of Kamino Finance. It incentivizes user participation, governs the protocol, and enhances liquidity across DeFi ecosystems.

Social accounts:

• X
• Website
• Discord

The post Maple (SYRUP) and Kamino (KMNO) will be Listed on Binance appeared first on NFT Evening.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Listing Details

• Listing Date for $B2/USDT: May 6, 2025, at 13:30 (UTC)
• Listing Date for $MILK/USDT: May 6, 2025, at 13:45 (UTC)
• Maximum Leverage: Up to 50x
• Capped Funding Rate: +2.00% / -2.00%

About MILK Token

$MILK is the native token of MilkyWay, a liquid staking protocol built on the Celestia ecosystem. MilkyWay enables users to stake TIA and receive milkTIA, a liquid staking derivative (LSD) that can be freely used across DeFi applications. 

$MILK plays a critical role in governance and incentivization, powering protocol upgrades and rewarding users who contribute to the network’s decentralization. As Celestia’s modular data availability layer gains adoption, MilkyWay and $MILK are poised to grow alongside it.

Read more: MilkyWay Price Prediction: MILK Pre-TGE Forecast

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Source: CoinGecko

About B2 Token

$B2 is the utility and governance token of B2 Network, a Bitcoin Layer 2 built to scale BTC through EVM compatibility and rollup infrastructure. By integrating zero-knowledge proofs and optimistic rollup mechanics, B2 allows developers to deploy smart contracts and DeFi apps directly secured by Bitcoin. 

The $B2 token is used to pay for gas, secure the network via staking, and participate in governance decisions. With Bitcoin DeFi gaining momentum, B2 Network positions itself as a foundational layer for unlocking BTC’s full potential.

Source: CoinGecko

The post Binance Futures Will Launch MILK and B2 appeared first on NFT Evening.

Listing Details

Users have to lock particular tokens to farm on Binance Launchpool.

• Spot listing date: 2025-05-08 13:00 (UTC)
• Launchpool farming period: From 2025-05-06 00:00 (UTC) – 2025-05-08 00:00 (UTC) (2 days)
• Available to lock tokens: BNB, USDC and FDUSD
• Launchpool Rewards: 125,000,000 SXT (2.5% of total supply)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Space and Time Token Details

• Token Name: Space and Time (SXT)
• Total Supply: 5,000,000,000 SXT
• Max Supply: 5,000,000,000 SXT
• Circulating Supply: 1,400,000,000 SXT (28.00% of total supply)
• Smart Contract: 0xE6Bfd33F52d82Ccb5b37E16D3dD81f9FFDAbB195 (Ethereum)

SXT Tokenomics – Source: Space and Time

About Space and Time

Space and Time is a pioneering Web3 data platform revolutionizing trustless data processing through its Verifiable Compute Layer. By leveraging zero-knowledge (ZK) proofs, it delivers sub-second, cryptographically verified SQL query results, enabling seamless integration of on-chain and off-chain datasets into smart contracts. Their flagship technology, Proof of SQL, ensures accurate data computation, powering advanced DeFi, AI-driven applications, and blockchain analytics.

Space and Time’s SXT Chain, currently in testnet, supports ZK-proven data processing, while their native SXT token incentivizes ecosystem participation.

With $50 million in funding, including a $20 million Series A, and partnerships with networks like Sui and Karak, the company is at the forefront of scalable, secure data solutions for Web3. Developers can access tools via spaceandtime.io and github.com/spaceandtimelabs to build applications with unparalleled data integrity.

Social Account

• X
• Website
• Telegram
• Discord

The post Space and Time (SXT) will be Listed on Binance appeared first on NFT Evening.

Listing Details

• Pre-market trading date: 2025-05-02 08:30 (UTC)
• Maximum leverage rate: 5x
• Capped funding rate: +2.00% / -2.00%

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Space and Time (SXT)

Space and Time, a company developing a Verifiable Compute Layer for AI and blockchain. It focuses on delivering sub-second zero-knowledge (ZK) proofs on-chain, enabling trustless data processing for Web3 applications. Their platform supports decentralized data warehousing, verifiable SQL queries, and integration with smart contracts, targeting use cases like DeFi and AI-powered apps.

They’ve raised $50 million in funding differentiated in 3 rounds and are active in partnerships, such as with Sui Network. The account shares updates on their tech, community events, and milestones.

Source: Cryptofundraising

Space and Time has high potential to be presented on the further listing campaign from Binance since the exchange hardly ever announces any project that early. Moreover, SXT hasn’t displayed its tokenomics and several details on the white Whitepaper, showcasing the positive sentiment on the future prospect.

Learn more: Binance Review

Space and Time Social Account

• X
• Website

The post Binance Lists Space and Time (SXT) Futures Contract Pre-Market appeared first on NFT Evening.

Listing Details

To qualify for the airdrop, users must stake BNB through Binance Simple Earn.

• BNB staking window: April 27, 2025, 00:00 UTC to April 29, 2025, 23:59 UTC. Users who staked BNB during the given period will receive STO Airdrop.
• HODLer Airdrop Pool: 15,000,000 STO tokens (equivalent to 1.5% of total supply)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Token Details

• Token Name: StakeStone (STO)
• Total Supply: 1,000,000,000 STO
• Maximum Supply: 1,000,000,000 STO
• Circulating at Launch: 225,333,333 STO (22.53% of the total supply)

Binance has confirmed that only users who stake BNB via Simple Earn Locked Products will qualify for the StakeStone airdrop.

About StakeStone

StakeStone is a decentralized omnichain liquidity infrastructure designed to optimize staking yields and enhance capital efficiency across multiple blockchain networks. It introduces liquid staking tokens (LSTs) such as STONE (for Ethereum) and SBTC (for Bitcoin), allowing users to earn staking rewards while maintaining liquidity.

Source: StakeStone

StakeStone Social Address

• X
• Website

Read more: Top 5 Pre-TGE Projects Backed by YZI Labs (Binance Labs)

The post Binance Lists StakeStone (STO) on HODLer Airdrops! appeared first on NFT Evening.

$MOVE Downed more than 80% since ATH

Movement Network’s native token, MOVE, has experienced a precipitous decline, falling over 80% from its ATH of $0.25, with current prices hovering around $0.19-$0.25 as of May 2, 2025. This significant erosion in value was exacerbated by a critical development on May 1, 2025, when Coinbase, a leading cryptocurrency exchange, announced the suspension of MOVE trading effective May 15, 2025, citing the token’s failure to meet its listing standards.

Learn more: What is Movement?

Following the announcement, MOVE’s price plummeted by approximately 14%-20% within hours, reflecting heightened market uncertainty and investor concerns surrounding Movement Labs’ operational instability. This decision, coupled with ongoing controversies, has intensified scrutiny on the project and contributed to its diminished market confidence.

$MOVE downed significantly in 3 months – Source: CoinGecko

Key Factors Contributing to the Decline

Coinbase Trading Suspension and Listing Standards

Coinbase’s decision to suspend MOVE trading stems from a routine review that determined the token no longer complies with the exchange’s stringent listing criteria.

The shift to “limit-only mode” on Coinbase’s platforms, effective immediately, restricts trading to specific price levels, further constraining liquidity.

This move follows a pattern of erratic price movements and evidence of insider profit-taking, which have undermined the token’s credibility. The suspension has been particularly damaging given Coinbase’s significant market influence, with the token’s price dropping to an all-time low of $0.18-$0.20 post-announcement before a modest rebound to $0.25.

Market Manipulation Scandal Involving Market Makers

A major catalyst for MOVE’s decline was a market manipulation scandal uncovered in March 2025, which implicated a market maker associated with Movement Labs. Binance, the largest cryptocurrency exchange by trading volume, banned a market maker—speculated to be Web3Port or its affiliate Rentech—for misconduct after it dumped 66 million MOVE tokens (approximately 5% of the total supply) on December 10, 2024, one day after the token’s listing.

This sell-off, valued at $38 million, was executed with minimal buy-side support, triggering a sharp price crash and raising allegations of price manipulation. The market-making agreement, which incentivized artificial price inflation to achieve a $5 billion valuation, was criticized by industry experts as “dangerous” and unethical, further eroding investor trust.

Binance subsequently froze the market maker’s profits and collaborated with Movement Labs and the Movement Network Foundation to initiate a $38 million token buyback program to stabilize prices, though this measure has failed to halt the token’s downward trajectory.

Internal Instability and Ongoing Investigations

Movement Labs has faced significant internal challenges, including allegations of mismanagement and conflicts of interest. A third-party investigation, launched on April 21, 2025, by Groom Lake, an independent cybersecurity firm, is examining a market-making agreement that granted Rentech disproportionate control over MOVE’s token supply.

Learn more: $MOVE Token Under Fire As Co-Founder Controversy

Internal documents revealed that Movement Labs was misled into signing this deal, which allowed Rentech to facilitate a $38 million sell-off, exacerbating price volatility. Additionally, co-founder Rushi Manche temporarily stepped back amid the scandal, raising concerns about leadership stability, while co-founder Cooper Scanlon continues to lead the project.

The Movement Network Foundation has distanced itself from the market maker’s actions, claiming no prior knowledge of the misconduct, but these developments have fueled negative sentiment within the crypto community.

Wrap-up

The combination of Coinbase’s trading suspension, the market manipulation scandal, and internal governance issues has severely undermined MOVE’s market position.

Despite a brief price increase of 25% in late March 2025 following the announcement of a Strategic Reserve, the token has struggled to recover from its 80% decline since its ATH. The project’s initial promise, backed by prominent investors such as Polychain Capital and Binance Labs, and its $40.4 million in funding, has been overshadowed by these controversies.

Furthermore, the delay of the anticipated MoveDrop airdrop event, intended to distribute 740 million tokens, has disappointed investors.

Another bad news that could happen to Movement Labs is that the World Liberty Finance gives up the $MOVE supply in their portfolio, leading to a prolonged unstable situation for the token.

As Movement Labs navigates this turbulent period, the ongoing third-party investigation and the effectiveness of its buyback program will be critical in determining whether the project can restore investor confidence.

At the moment, MOVE remains highly volatile, trading on exchanges like Binance and Upbit, but its future hinges on addressing these systemic issues and rebuilding trust within the crypto ecosystem. However, for the recent negative influence from $MOVE, the risk of delisting from major exchanges could not be undeniable.

The post MOVE Downed 80%: Catalyzed by Negative Information Overload appeared first on NFT Evening.

ALPACA Price Action: Short Squeeze and Token Issuance Suspension

On April 24, 2025, Binance – the world’s largest exchange, announced that it would delist all spot trading pairs involving ALPACA on May 2, 2025. Typically, such announcements lead to a price drop due to panic selling. However, ALPACA’s price movement defied expectations.

Data from TradingView shows that ALPACA surged from $0.029 to a peak of over $0.21 within 48 hours. Trading volume also spiked, indicating a surge of investor participation.

However, by April 29, the trend reversed sharply. In just three hours, ALPACA plunged by 70%, falling from $0.24 to a low of $0.066, wiping out most of its previous gains and raising concerns about the sustainability of the rally.

Source: Binance

The sudden price spike was largely attributed to a “short squeeze.” Following the delisting announcement, many traders opened short positions, anticipating a drop in ALPACA’s price.

But when the price unexpectedly rose, those short positions were forced to cover, buying back tokens to avoid further losses which amplified buying pressure and pushed prices even higher.

Another major factor was Alpaca Finance’s decision to suspend its plan to issue additional ALPACA tokens. According to the team, the project had originally intended to provide more liquidity to market makers. However, the team scrapped the plan after receiving negative community feedback. This indirectly tightened token supply and further fueled upward price momentum.

Lessons from the VOXEL Case

The case of ALPACA is not unique. Previously, the VOXEL token also experienced a sharp pump immediately after delisting news broke. However, the situation with VOXEL was more complex, as Bitget discovered a group of actors manipulating the market and illegally profiting over $20 million. Bitget issued eight legal notices, froze the assets of related accounts, and pledged to redistribute 100% of the recovered funds to users via airdrops.

While ALPACA has recently shown impressive short-term growth, the risks for investors remain high. The delisting will significantly reduce ALPACA’s liquidity in the coming period, making it more difficult to buy and sell the token.

Binance will proceed with delisting the trading pairs ALPACA/USDT, ALPACA/BTC, ALPACA/BNB, and ALPACA/BUSD starting at 03:00 UTC on May 2, 2025.

Read more: A Shocking Breakthrough from a Vote to Delist Project VOXEL

Conclusion

The ALPACA episode underscores both the potential for rapid gains in distressed tokens and the inherent dangers of chasing short-term pumps. Although the project momentarily benefited from a suspension in token issuance and forced short covering, the upcoming delisting will likely result in thinner liquidity and greater price instability.

The post ALPACA Token’s Shocking Ride: Short Squeeze, Issuance Freeze, and Looming Delisting appeared first on NFT Evening.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Listing Details

• Launch Time: April 28, 2025, at 09:30 (UTC)
• Leverage Limit: Up to 75x
• Funding Rate Cap: Maximum +2.00% / Minimum -2.00%

The full breakdown of the listing is available here.

About Just ($JST)

Just Network (JST) is a decentralized finance (DeFi) platform built on the TRON blockchain. It primarily powers the Just ecosystem, a suite of decentralized products offering stablecoin lending, yield farming, and cross-chain interoperability. The native token, JST, is used for governance, paying interest, and participating in protocol decisions.

Backed by TRON’s high-speed and low-cost infrastructure, Just Network aims to make DeFi services more accessible and efficient, especially for users seeking fast transactions and affordable fees. The platform continues to expand its offerings to include decentralized exchanges and cross-chain bridges, positioning itself as a comprehensive DeFi solution within the TRON ecosystem.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Source: TradingView

More information about Just:

• X
• Website

Read more: Grass Could Be the Next Project Listed on Binance?

The post Binance Futures Will List JST (JUST) appeared first on NFT Evening.

$SIGN Token Details

• Token Name: Sign (SIGN)
• Total Supply: 10,000,000,000 SIGN
• Max Supply: 10,000,000,000 SIGN
• Circulating Supply: 1,200,000,000 SIGN (12.00% of total supply)
• Smart Contract: Ethereum, 0x868FCEd65edBF0056c4163515dD840e9f287A4c3

Learn more: How to participate IDO on Binance Wallet

$SIGN on HODLer Airdrops Details

BNB lock period to get the airdrops allocation: 2025-04-15 00:00 (UTC) to 2025-04-19 23:59 (UTC)

$SIGN will go with Seed tags. Available trading pairs: USDC, USDT, BNB, FDUSD, and TRY.

Additional details:

• HODLer Airdrops Rewards: 200,000,000 SIGN (2.00% of total supply)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Sign ($SIGN)

EthSign ($SIGN) is a pioneering on-chain infrastructure project designed to revolutionize the verification of credentials, such as certificates, academic degrees, and login information, using blockchain technology. By ensuring transparency, security, and immutability, EthSign facilitates secure token distribution and digital agreement management, streamlining processes for individuals and organizations. Its decentralized protocol simplifies the creation, signing, and verification of contracts, integrating Web3 capabilities for seamless cross-chain interactions.

Source: Sign’s website

The project is driven by a skilled team of blockchain developers and supported by notable investors, including Binance Labs and other venture capital firms such as Sequoia, Hashkey, and Circle, bolstering its credibility. EthSign’s practical applications in digitizing contracts and verifying credentials have sparked significant interest, positioning it as a key player in advancing blockchain’s real-world utility and fostering a transparent, decentralized future.

Detailed information about Sign (EthSign) Project:

• Website

• Whitepaper

• X: https://x.com/ethsign | https://x.com/sign 

The post Binance Will List Sign (SIGN) on HODLer Airdrops! appeared first on NFT Evening.

What is Alpha Point?

Alpha Point is a scoring mechanism that measures user activity based on their asset holdings and trading behavior. It determines eligibility for exclusive events like IDOs and airdrops, incentivizing users to stay active in the Binance ecosystem.

Binance launched this feature to prioritize dedicated users, ensuring that rewards such as early token access go to those who contribute significantly to the platform’s growth. By introducing Alpha Point, Binance aims to create a fair yet competitive environment, encouraging users to engage more deeply with its Web3 offerings.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

How to Calculate Alpha Point?

Alpha Points are updated daily before 1:00 PM and calculated using two key metrics over 15 days:

• Balance Points (Hold): Binance users will receive points based on the total balance of spot tokens and Alpha in their account and Binance Wallet. For example, a balance of $100–$1,000 earns 1 point, while $100,000 or more earns 4 points.

Read more: How to participate IDO on Binance Wallet

• Volume Points (Volume): Points are granted for buying Alpha tokens on the exchange or wallet. The formula starts with 1 point for the first $2, adding 1 point for each doubling of the amount (e.g., $8 earns 3 points, $1,024 earns 10 points). Selling Alpha tokens does not contribute to the score.

Source: Binance Exchange

Total Alpha Points combine both balance and purchase points, motivating users to maintain high balances and actively trade Alpha tokens.

Most recently, Binance has announced the listing of $SIGN (Ethsign) on Binance Alpha. Besides, users can receive the $SIGN airdrop when they meet the required points on Alpha Point. The exact amount of Alpha points will be disclosed later, on April 28.

Get ready! Binance Alpha will be the first platform to feature EthSign (SIGN)! Trading will open on April 28th, with the exact time to be announced.

Users who meet the Alpha Points threshold will receive their airdrop within 10 minutes after trading starts. The threshold will… pic.twitter.com/VcbDw4Lbj6

— Binance (@binance) April 25, 2025

How to Check Alpha Points on the Binance App

Checking Alpha Points is straightforward. Open the Binance app, navigate to “More services,” scroll to the “Information” section, and select “Alpha Points.”

Source: Binance Exchange

This feature allows users to monitor their scores and adjust their strategies to maximize points. Essentially, Alpha Point is Binance’s way of filtering out truly committed users, prioritizing them for token launches and airdrop distributions. It rewards those who invest time and resources into the platform, aligning benefits with engagement.

Learn more: How to participate in Hyperlane presale on Binance Wallet

For those aiming to secure a spot in IDOs or airdrops, starting to accumulate points early is crucial. As the Alpha Point system evolves, its requirements may become stricter, making proactive participation essential. By maintaining at least a $100 balance, purchasing Alpha tokens, and regularly checking scores, users can position themselves for future opportunities in Binance’s expanding Web3 ecosystem.

The post Alpha Point: Binance’s New Feature for User Activity Evaluation appeared first on NFT Evening.

Bitcoin Enters Top 5 Assets by Market Capitalization

On April 24, 2025, Bitcoin achieved a groundbreaking feat, surpassing Google’s market capitalization to secure a place among the world’s top five most valuable assets, as Companies Market Cap.

Source: Companies Market Cap

This milestone highlights the cryptocurrency’s meteoric rise amid a shifting economic environment. According to Standard Chartered’s head of digital assets research, Geoff Kendrick, Bitcoin’s upward trajectory closely relates to ongoing uncertainties surrounding the policies of the U.S. Federal Reserve. Kendrick remains bullish, reiterating his bold price predictions:

“This could be the catalyst for the next all-time high, and on that note, I reaffirm my current forecast for Bitcoin—$200,000 by the end of 2025 and $500,000 by the end of 2028.”

While Bitcoin’s climb into the top five may be temporary, its ability to compete with traditional giants like Google has bolstered confidence in its long-term potential. Investors and analysts alike view this achievement as a testament to Bitcoin’s growing legitimacy, challenging the dominance of conventional assets and reinforcing its appeal as a store of value.

Why Is Bitcoin Rising Among Centuries-Old Traditional Assets?

Several key factors drive Bitcoin’s ascent to the upper echelons of global assets.

First, it is increasingly considered a hedge against risks in traditional finance (TradFi) and U.S. Treasury bonds. According to a recent report by US Crypto News, Bitcoin’s appeal as a safe-haven asset has grown amid concerns over inflation, monetary policy uncertainty, and geopolitical tensions. Amid the escalating broader market trends, bitcoin, like many other hedging assets such as gold, which also reached new all-time highs, reflects investor caution in the face of global trade wars and economic instability.

Moreover, the rise of Bitcoin reflects a broader shift toward digital assets. Digital assets are now going to reach mass adoption, as institutional investors increasingly allocate capital to cryptocurrencies. Major financial institutions, once skeptical, are now embracing Bitcoin as a legitimate asset class. The recent flow of Bitcoin ETFs and the growing interest from institutional banks in Bitcoin and cryptocurrency in general are significant developments. Therefore, Bitcoin’s market capitalization is fueled, enabling it to outpace long-established corporations like Google.

The surge in Bitcoin’s value also underscores a cultural and technological shift. As digital assets gain traction, they are reshaping how investors perceive wealth and value. Unlike traditional assets tied to physical or corporate structures, Bitcoin operates on a decentralized blockchain, offering transparency and resilience in an era of economic uncertainty. This unique positioning has made it a focal point for those seeking alternatives to conventional financial systems.

The post Bitcoin Surpassed Google, as Top 5 Most Valuable Assets on Earth appeared first on NFT Evening.

Event Details

• Token Name: OKZOO (AIOT)
• Chain: BNB Smart Chain
• Subscription Window: Friday, April 25, 2025, from 08:00 to 10:00 UTC
• Total Fundraising Target: $100,000 worth of BNB
• Tokens Offered: 20,000,000 AIOT (representing 2% of total supply)
• Token Price: $0.005 USD (payable in BNB)
• Individual Allocation Limit: Maximum 3 BNB per Binance Wallet participant
• Eligibility Requirement: Minimum of 45 Binance Alpha Points
• Token Listing Time: Trading goes live at 10:00 UTC, April 25, 2025, via Binance Wallet DEX and PancakeSwap

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

What is OKZOO?

OKZOO is pioneering one of the world’s first decentralized environmental data networks at the urban scale, powered by a mesh of AIoT-enabled physical devices. By distributing portable units equipped with micro-sensor nodes, OKZOO enables real-time collection of both indoor and outdoor environmental metrics – all through interactive AI-powered pet companions.

Follow OKZOO for more information:

• Website
• X

OKZOO homepage – Source: OKZOO

What is AIOT?

Participants become active nodes in this grassroots infrastructure, earning $AIOT tokens as peer-to-peer rewards. 

The $AIOT token serves as the core utility asset within the OKZOO ecosystem, fueling its network of portable devices. It rewards users for contributing environmental data and supports a range of AI-powered use cases built on top of the platform’s machine infrastructure.

How to Join a WIO Event

• To participate in a WIO event, users should first ensure their Binance app is updated to the latest version.
• Participation is open to users who hold BNB on the BNB Smart Chain and access it via a secure, keyless Binance Wallet.
• If you don’t yet have BNB, you can obtain it by swapping directly in the Binance Wallet or by transferring from your Spot account on Binance.
• When the subscription window opens, simply commit your BNB to enter the event.
• Token distribution will follow a proportional model based on the total amount of BNB contributed. Once the event ends, participants will be able to claim their allocated tokens.

Read more: How to participate IDO on Binance Wallet

Token Distribution Method

Your share of tokens is determined by the following formula:

(Your BNB committed ÷ Total BNB committed) × $100,000 (in BNB equivalent)

Any unused BNB will be automatically returned to your Binance Wallet once the event concludes.

Key Notes for Participants

• Please be aware that AIOT tokens will not be available for trading until after the subscription phase ends. Any tokens claiming to be BANK before this time should be treated as fraudulent. Always confirm the official token contract via Lorenzo Protocol’s verified communication channels.
• The $100,000 total allocation covers all associated costs, including network and gas fees that may arise during token distribution.
• Additionally, OKZOO  will release 10,000,000 AIOT tokens through separate marketing campaigns running in parallel with this exclusive TGE. More details on these distributions will be shared soon by the Binance team.
• This initiative highlights Binance Wallet’s ongoing commitment to fostering Web3 innovation, giving users early access to promising projects like OKZOO.

Read more: Farming Airdrops on Binance Alpha: Low Risk, High Reward

The post Binance Wallet Hosts OKZOO (AIOT) TGE on PancakeSwap appeared first on NFT Evening.

The Financing Deal

This $500 million convertible note facility, coordinated with New York-based ATW Partners, represents a strategic milestone for SOL Strategies and the Solana ecosystem.

BREAKING: SOL Strategies secures landmark USD $500M convertible note facility with ATW Partners to expand SOL holdings.

This first-of-its-kind structure is exclusively for SOL purchases and staking on our validators, with interest paid in SOL.

This represents the largest… pic.twitter.com/p9SB4dRm6o

— SOL Strategies (CSE: HODL | OTCQX: CYFRF) (@solstrategies_) April 23, 2025

According to SOL Strategies, the deal is structured to provide flexibility, starting with an initial tranche of $20 million, while the remaining $480 million can be drawn down in subsequent phases, expected by May 1, 2025. 

This phased approach allows SOL Strategies to scale its Solana holdings in alignment with market conditions and strategic goals. One unique aspect of the facility is its interest payment model: “Interest on the Notes processes SOL payment, calculated as up to 85% of the staking yield generated by SOL acquired through the facility and staked by SOL Strategies.” This, for the returns of investors, has a direct linkage to the POS system of Solana.

Additionally, as noted by TradingView, SOL Strategies as of late March 2025 held a total of 267,151 SOL tokens, which illustrates its strong conviction towards this ecosystem. This firm was earlier branded as Cypherpunk Holdings but changed its name last year to focus solely on Solana, stepping away from a diversified crypto portfolio. This shift reinforces the company’s perception of long-term value in Solana.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

A Stock Surge and a Bullish SOL Outlook

The announcement of the $500 million investment triggered an immediate 25.27% surge in SOL Strategies’ stock price, closing at CAD 2.28 ($1.64) on April 23, 2025. 

Source: Google Finance

This rally is a reflection of the firm’s deepened exposure to the Web3 ecosystem and strategic position as a leading institutional investor in Solana. There is strong confidence in the firm’s growth in terms of the deal’s scale, as it’s a massive innovative interest structure based on staking and trust in Solana’s growth.

This investment could also serve as a bullish catalyst for Solana’s price. The influx of $500 million to acquire SOL tokens may increase demand, potentially driving upward pressure on its price, which was $146 after a 28% rise over two weeks. 

Source: TradingView

Therefore, by aligning with Solana through a large-scale, staking-based investment, SOL Strategies not only sets a potential precedent for blockchain-focused firms but also amplifies the bullish momentum surrounding SOL. While challenges such as market volatility remain, this strategic financing equips the firm to ride Solana’s upward trajectory.

Furthermore, it is cementing its role in driving decentralized innovation.

The post SOL Strategies Makes Bold $500M Bet on Solana appeared first on NFT Evening.

Metaplanet Reaches 5,000 BTC with $13.6M Buy

On April 24, 2025, Tokyo-listed Metaplanet Inc. acquired 145 Bitcoin (BTC) for $13.6 million (equivalent to 1.93 billion yen), bringing its total holdings to 5,000 BTC, valued at $460 million. The purchase, at an average price of $93,327 per Bitcoin, aligns with the firm’s strategy to treat Bitcoin as a treasury reserve asset. Since starting to accumulate Bitcoin in July 2024, the company has achieved a Bitcoin Yield of 121.1% year-to-date in 2025, reflecting significant gains as Bitcoin trades around $92,000.

*Metaplanet Purchases Additional 145 $BTC, Total Holdings Reach 5,000 BTC* pic.twitter.com/rzZwvmmbw1

— Metaplanet Inc. (@Metaplanet_JP) April 24, 2025

Inspired by MicroStrategy, Metaplanet aims for 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. CEO Simon Gerovich highlighted the firm’s vision to merge finance and innovation. This strategy has boosted Metaplanet’s stock by over 1,200% since adopting Bitcoin, and its inclusion in the Amplify Transformational Data Sharing ETF (BLOK) underscores its influence in Japan’s crypto market.

Rising Institutional Bitcoin Adoption

Metaplanet’s strategy reflects a global wave of institutional Bitcoin adoption, with public companies holding 3.3% of Bitcoin’s 21 million total supply, per BitcoinTreasuries data.

The rise of spot Bitcoin ETFs in the U.S., approved by the SEC in January 2024, has accelerated this trend, offering easier access to Bitcoin exposure for institutions. Recently, Bitcoin ETFs saw a massive inflow in 4 consecutive days, which bolsters Bitcoin’s reserve strategy from institutional investors.

Read more: Bitcoin ETFs See 4 Days of Inflows – Is the Market Recovering?

Metaplanet’s approach, akin to MicroStrategy’s “at-the-market” financing model, allows it to grow holdings without heavily diluting shareholder value. As of April 2025, Metaplanet ranks among the top 10 corporate Bitcoin holders globally, a notable achievement for a Japanese firm in a U.S.-dominated space. As part of its Bitcoin accumulation strategy, after 1 year, Metaplanet witnessed a significant increase in its stock, more than 1,000%.

Source: TradingView

On the other side, MicroStrategy leads with 528,185 BTC, valued at over $47 billion, while Galaxy Digital Holdings holds 11,242 BTC worth $954 million. Firms like Tesla and Coinbase also have significant Bitcoin portfolios, signaling a shift in corporate finance strategies.

Source: Bitcoin Treasuries

Challenges like market volatility and regulatory uncertainties persist; the Japanese investment company’s strategy highlights a transformative shift in how companies integrate digital currencies into their balance sheets, paving the way for innovation in finance and technology.

The post Metaplanet Hits 5,000 BTC Mark in Crypto Surge appeared first on NFT Evening.

Bitcoin ETFs Record Consecutive Inflows

Over the past 4 days, U.S. spot Bitcoin ETFs have seen consistent net inflows, with total inflows reaching approximately $963.55 million. Notably, 2 consecutive days—Tuesday and Wednesday—witnessed massive inflows of $912 million and $917 million, respectively, marking the highest single-day inflows since President Donald Trump’s inauguration.

Source: Farside Investors

Leading ETFs like BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s FBTC, and ARK 21Shares’ ARKB have driven this surge, with IBIT alone recording $193 million in inflows on Tuesday and over $4 billion in trading volume. As of today, April 24, 2025, Bitcoin ETFs continued to have positive flows, with estimates of $936.43 million in net inflows for Wednesday, reinforcing the bullish sentiment. This streak follows a volatile period of outflows, making the current momentum particularly significant.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Is the Market Truly Recovering?

Recent developments point to a potential recovery in the BTC market, driven by high-profile events and shifting economic dynamics.

On April 23, 2025, President Donald Trump announced a potential reduction in U.S. tariffs on Chinese goods, easing earlier market fears of a steep 145% rate. This development, part of ongoing U.S.-China trade negotiations, has reduced economic uncertainty, creating a more favorable environment for risk assets like Bitcoin.

Additionally, Trump clarified that he has no intention of firing Federal Reserve Chairman Jerome Powell, despite prior criticisms, signaling stability in U.S. monetary policy. His continued push for a Strategic Bitcoin Reserve, emphasized during the March 7 White House Crypto Summit, has further bolstered institutional confidence, driving robust inflows into Bitcoin ETFs. Macroeconomic factors, such as a weakening U.S. Dollar Index and anticipated Federal Reserve rate cuts in mid-2025, enhance Bitcoin’s appeal as an inflation hedge.

Read more: Market Turns Bullish Following Trump’s China and Powell Remarks

However, challenges persist. Ongoing concerns about Trump’s proposed trade policies and persistent inflationary pressures could lead to volatility. The market’s recovery depends on sustained ETF inflows, broader institutional adoption, and clarity in U.S. crypto regulations. Investors should closely monitor these evolving dynamics to assess the longevity of this bullish trend.

The four-day inflow streak in Bitcoin ETFs, coupled with strong daily flows, points to a potential market recovery. Trump’s supportive rhetoric and favorable macroeconomic shifts are key drivers, but volatility and policy uncertainties linger. Investors should monitor ETF flows and global economic trends to gauge whether this bullish trend will persist.

The post Bitcoin ETFs See 4 Days of Inflows – Is the Market Recovering? appeared first on NFT Evening.

Learn more: Binance Delist 14 Tokens in First “Vote to Delist” Batch

Key Dates and Actions

• May 1, 2025, at 03:00 UTC: Binance Spot Copy Trading will delist these pairs. Outstanding assets may be forced sold or moved to users’ Spot Accounts.
• May 2, 2025, at 03:00 UTC: Spot trading for , , , and will cease. All open orders will be automatically removed.
• May 3, 2025, at 03:00 UTC: Deposits of these tokens will no longer be credited to users’ accounts.
• July 4, 2025, at 03:00 UTC: Withdrawals of these tokens will no longer be supported.
• After July 5, 2025, Binance may convert remaining balances of these tokens into stablecoins on behalf of users, subject to a separate notification.

Reasons for Delisting

Binance conducts regular reviews of listed digital assets to ensure they meet high standards. Factors influencing the decision to delist include:

• Team dedication to the project
• Quality and extent of development efforts
• Trading activity and market liquidity
• Network security and resilience against attacks
• Public communication, community involvement, and openness
• Responsiveness to regular due diligence inquiries
• Signs of unethical behavior, fraud, or negligence
• New regulatory obligations
• Significant or unjustified changes to token supply or token economics
• Effects of changes in project ownership or key team members
• Community attitudes and perceptions

Market Reaction

The announcement led to immediate and significant price declines for the affected tokens. dropped by 17%, by 31%, and by 25%. These sharp declines reflect investor concerns over reduced liquidity and trading opportunities following the delisting. However, , despite experiencing a brief dip following the announcement, saw a sharp rebound, soaring by nearly 90% to $0.078. This sudden surge could indicate a final wave of trading activity before its delisting.

Source: Coingecko

The market’s reaction underscores the importance of exchange listings for token visibility and accessibility. Users holding these tokens should take note of the key dates and consider their options for managing their holdings before the withdrawal deadline.

Despite previously recording impressive growth, the projects listed in the Binance Vote to Delist still face a significant risk of decline. The short-term price increase likely reflects profit-taking behavior rather than a positive fundamental response to the projects. Investors should be keenly aware of this, a concern previously highlighted within our latest analysis.

The post Binance Delists ALPACA, PDA, VIB, and WING appeared first on NFT Evening.

From boasting one of the fastest transaction speeds in the market to bold moves like considering an acquisition of genetic testing firm 23andMe, Sei is rapidly becoming a standout in the eyes of institutional investors.

Canary Capital Files for SEI Staking ETF, Paving the Way to Wall Street

In a pivotal development, Canary Capital – a Delaware-based investment firm, has officially filed for approval of a staking ETF tied to SEI. If approved by the U.S. Securities and Exchange Commission (SEC), this would mark one of the first staking ETFs based on a Layer 1 blockchain, representing a major leap toward integrating Sei into the traditional financial system.

Source: Cointelegraph

Combining SEI staking yields with a regulated financial product could usher in a new era for digital asset adoption. It not only enhances liquidity over the long term but also bolsters Sei’s legitimacy in the eyes of major institutional investors.

Sei has also caught the attention of World Liberty Financial (WLFI) – an investment organization with ties to the family of U.S. President Donald Trump. 

According to data from Onchain Lens, WLFI recently spent 775,000 USDC to acquire approximately 4.89 million SEI tokens at an average price of $0.158 per SEI, during a broader market correction, indicating a long-term conviction in Sei Network. WLFI’s current SEI holdings have grown to nearly 6 million tokens.

WLFi portfolio – Source: Arkham

This move is part of WLFI’s broader $343 million crypto portfolio, which includes blue-chip assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Chainlink (LINK), Avalanche (AVAX), AAVE, alongside emerging tokens like MOVE, ENA, ONDO, MNT, and SEI.

Although the portfolio is currently down by roughly $109 million, WLFI’s allocation into SEI, alongside other established assets, underscores the rising recognition and institutional appeal SEI is beginning to command.

Sei v2 Upgrade: A Direct Challenge to Solana and High-Performance Layer-1

From a technical standpoint, Sei continues to solidify its position through the release of Sei v2, which introduces full EVM compatibility and further optimizes parallel transaction processing. With a transaction finality time of under 500 milliseconds, Sei now ranks among the lowest-latency blockchains, rivaling, and in some real-world tests, even outperforming Solana.

Sei v2 also opens up a broader ecosystem for developers by allowing seamless deployment of Ethereum-native smart contracts. This change has attracted a wave of dApps and blockchain games to migrate to Sei. The rapid growth of projects like Seiyan DEX, PixelForge (a metaverse game), and Arithmetica (a decentralized data protocol) stands as strong evidence of this momentum.

In early 2025, Sei Labs also rolled out a major overhaul to its tokenomics model, aiming to reshape incentive structures across the entire network. Previously, a significant share of SEI token emissions went toward staking rewards—a model that supported network security but created immediate sales pressure as rewards were regularly offloaded to the market.

The updated tokenomics now prioritize long-term ecosystem alignment. A larger portion of SEI tokens is being redirected toward builder incentives, open-source funding, and rewards for protocols that generate sustainable liquidity, transaction volume, and user engagement. This shift encourages developers and dApp operators to stay committed to Sei rather than extract short-term value.

As a result of these improvements, Sei’s Total Value Locked (TVL) has surged past $382 million, according to DefiLlama – nearly a 5x increase from the start of Q1 2025. This spike is fueled by a wave of new DeFi projects launching on Sei and growing institutional interest in the ecosystem.

Sei TVL – Source: DeFiLlama

These numbers show better liquidity and Sei’s growing appeal in the Layer-1 race. Sei’s low market cap makes it a strong contender in the next Layer-1 growth wave.

From Financial Layer-1 to DeSci Infrastructure

On March 27, 2025, CoinDesk reported that the Sei Foundation, the nonprofit organization behind Sei Network, is considering acquiring 23andMe, the consumer genetic testing company currently filing for Chapter 11 bankruptcy. Sei’s goal is to bring the genetic data of over 15 million users on-chain via Sei Network, ensuring personal data ownership and enhancing information security.

If successful, the project would mark one of the boldest moves in the decentralized science (DeSci) space to date. The Sei Foundation envisions a future where genomic data is no longer controlled by centralized intermediaries but instead governed directly by users through blockchain infrastructure. The initiative also opens the door for Sei’s broader application in healthcare and biomedical research.

The Sei Foundation is in the process of placing its boldest DeSci bet yet.@Sei_FND is officially exploring the acquisition of @23andMe to defend the genetic privacy of 15 million Americans and ensure their data is protected for generations to come.

We believe user data… pic.twitter.com/c06R2QPyff

— Sei (@SeiNetwork) March 27, 2025

Prior to this, the Sei Foundation had already launched a $65 million grant fund dedicated to DeSci projects building on Sei Network. This strategic move aims to expand Sei’s real-world utility beyond DeFi into areas such as medical data, scientific research, and AI integration.

News of the potential 23andMe acquisition sent the SEI token up by roughly 3% shortly after the announcement, before slightly correcting. The price action reflects the market’s optimism about Sei’s broader vision and confidence that blockchain can serve as a trustworthy infrastructure for storing and safeguarding sensitive personal data.

Read more: Gold vs. Bitcoin: Two Pillars of Value Preservation, But Which Is Better?

The post Sei Network Accelerates: The Next Big Bet for Traditional Investors appeared first on NFT Evening.

$TRUMP Pumps Hard on Trump’s Announcement

On April 24, 2025, Donald Trump announced a gala scheduled for May 22 at his Trump National Golf Club in Washington, D.C. The event is exclusively for the top 220 $TRUMP memecoin holders, determined by their average holdings between April 23 and May 12.

Besides, the top 15 holders will receive an exclusive pre-dinner reception and a private tour of the White House, adding to the event’s allure. On his site, he also emphasized that “the more $TRUMP you hold — and the longer you hold it — the higher your ranking will be.” Until now, to have a ticket for dinner with the U.S. president, you have to pay more than $374,000, such a huge fortune.

Top 220 $TRUMP’s holders – Source: Solscan

This announcement triggered an explosive rally, with TRUMP surging from approximately $9 to nearly $14 in a matter of hours, marking a gain of over 70%.

Source: TradingView

Despite several token unlocks this year, which typically exert downward pressure on prices, $TRUMP has maintained a steady upward trajectory. The token’s resilience amid increased circulating supply underscores the strong community support and speculative fervor surrounding Trump’s involvement.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Launched in late January, $TRUMP has become a focal point in the memecoin market, though it has faced criticism for undermining the credibility of the crypto industry. However, the gala announcement has cemented its position as a market mover, with trading volumes spiking as investors rush to secure their spots.

Read more: TRUMP Memecoin Price Prediction from April to May, 2025

Trump’s Crypto-Friendly Policies Boost Market Sentiment

Since taking office, Trump has made several pro-cryptocurrency moves that have significantly influenced market dynamics, particularly for $TRUMP. His administration has signaled a more lenient regulatory stance on digital assets, contrasting with the stricter policies of previous years. His decision to launch and promote a memecoin – $TRUMP tied to his personal brand was a bold step, blending political influence with speculative finance in a way that has captivated the market.

The $TRUMP token has benefited immensely from Trump’s crypto-friendly rhetoric and high-profile endorsements. For instance, his support for the GENIUS and STABLE Acts to regulate stablecoins aligns with his USD1 launch via World Liberty Financial.

His March 2025 executive order created a Strategic Bitcoin Reserve and Digital Asset Stockpile, halting government Bitcoin sales, while appointing crypto advocates Paul Atkins as SEC chair and David Sacks as “crypto czar” to push regulatory clarity and lighter oversight, boosting market confidence despite conflict-of-interest concerns.

As the May 22 gala approaches, all eyes are on $TRUMP’s price action and the broader implications of Trump’s crypto agenda. The token’s meteoric rise highlights the power of celebrity-driven narratives in the cryptocurrency market, while Trump’s continued engagement with the sector suggests that $TRUMP may remain a dominant force in the memecoin space for the foreseeable future.

The post $TRUMP Pumps 70% After Trump Announces Top Holder Meet-Up appeared first on NFT Evening.

Bitcoin Recovery with the Open Interest Breaking Records

Today, with the green color spreading over the market after Trump’s speech, Bitcoin’s price BTC skyrocketed to $94,000, its highest level in recent weeks, marking a significant recovery from its previous close of $84,400.

Source: TradingView

This rally aligns with unprecedented market activity, particularly in derivatives. Open interest, the total value of unsettled futures contracts, surged by $3.1 billion in a single day, reaching $30 billion by April 21—the highest since early February. Previously, Bitcoin’s open interest saw a sharp decline from $29 billion to $24 billion in the period between March 22 and April 10.

Bitcoin Open Interest – Source: CryptoQuant

The options market also saw explosive growth, with trading volume soaring 347% to $3.57 billion and options open interest rising 3.80% to $32.30 billion. These metrics reflect intense trader engagement and confidence in Bitcoin’s price momentum. Meanwhile, Bitcoin’s market capitalization stands at an impressive $1.79 trillion, with its dominance index (BTC.D) of nearly 65%, underscoring its commanding presence in the crypto space.

Is This a Short-Term Spike?

While the rally is striking, questions linger about its sustainability.

One key factor supporting a longer-term outlook is the behavior of “whales,” or large investors, who have been steadily accumulating Bitcoin. CryptoQuant data shows whale holdings rising from 3.38 million BTC on January 1 to 3.50 million BTC by April 20, a 0.62% increase over the past month. This consistent accumulation signals confidence in Bitcoin’s enduring value.

Additionally, Bitcoin exchange-traded funds (ETFs) are witnessing remarkable inflows, with $912.7 million pouring into Bitcoin ETFs in the latest trading session of April 23. These inflows, driven by institutional investors, suggest that the current rally may have deeper roots than a fleeting speculative surge, potentially laying the groundwork for sustained growth.

Source: Coinglass

The Message Behind Bitcoin’s Surge and Market Dynamics

Bitcoin’s rally is unfolding against a backdrop of macroeconomic tailwinds and market resilience. President Trump’s remarks on April 22 regarding the Federal Reserve and China’s economic policies have bolstered market sentiment, contributing to the bullish atmosphere. Analysts note that when prices rise alongside fresh capital inflows, particularly from institutional investors, it often reinforces a long-term bullish trend.

The influx of institutional money, evidenced by ETF inflows and whale accumulation, suggests that Bitcoin’s current momentum is not merely retail-driven but supported by sophisticated players with a strategic outlook. This convergence of macro positivity, institutional engagement, and robust market metrics paints a picture of a market poised for further gains, provided external factors like regulatory shifts or global economic developments remain favorable.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

In conclusion, Bitcoin’s climb to $94,000, underpinned by record-breaking open interest, massive ETF inflows, and whale accumulation, reflects a market riding a wave of optimism. With macroeconomic catalysts and institutional backing amplifying the rally, Bitcoin’s green surge sends a clear message: the king of cryptocurrencies is regaining its stride, potentially heralding a new phase of growth.

The post Bitcoin Surges Amid Macro and Market Positivity appeared first on NFT Evening.

A Hedge Against Financial Risks

Kendrick emphasizes Bitcoin’s decentralized ledger as a shield against vulnerabilities in centralized financial systems. Unlike traditional assets, Bitcoin operates independently of government or institutional control, making it a safe haven during crises. 

According to Investing.com, the collapse of Silicon Valley Bank in March 2023 exemplified this, as Bitcoin rallied while TradFi assets faltered. Investors increasingly view Bitcoin as a buffer against systemic risks, particularly when trust in conventional institutions wanes. This unique positioning underpins Standard Chartered’s optimism about Bitcoin’s price trajectory.

Fed Independence and Treasury Bond Dynamics

Recent concerns about the Federal Reserve’s autonomy have fueled Bitcoin’s appeal. Former President Donald Trump’s remarks about potentially replacing Fed Chair Jerome Powell, who has resisted aggressive rate cuts, have raised fears of political interference. Such uncertainties amplify Bitcoin’s value as a decentralized asset. 

Kendrick also points to the U.S. Treasury term premium, which hit a 12-year high in 2025, reflecting investor caution toward long-term Treasury bonds compared to short-term ones. Bitcoin has historically benefited from such yield disparities, as seen in its climb to a six-week high of $90,459, according to LSEG data. 

Standard Chartered’s Bold Forecast

Standard Chartered’s $200,000 prediction for 2025 reflects confidence in Bitcoin’s long-term growth. Kendrick projects an even loftier target of $500,000 by 2028, driven by persistent macroeconomic uncertainties and eroding trust in centralized financial systems. 

Market trends support this view with robust institutional demand and inflows into Bitcoin ETFs. As of April 22, 2025, the Bitcoin ETF net flow recorded a significant inflow of $912.70 million, with historical values showing $248.70 million over the last three months. Bitcoin has also surged to over $93,500, followed by the recovery of the whole crypto market. 

Source: CoinMarketCap

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

These factors signal growing mainstream adoption, which could propel Bitcoin’s price higher. Still, the path to $200,000 hinges on sustained investor confidence and favorable economic conditions.

Despite the optimism, Bitcoin’s volatility cannot be ignored. Price predictions are inherently speculative, and external factors like regulatory crackdowns, shifts in monetary policy, or reduced institutional interest could derail Standard Chartered’s forecast. Investors must approach such projections with caution, conducting thorough research before making decisions. While Bitcoin’s decentralized nature offers resilience, its price remains sensitive to global economic and political developments.

The post Standard Chartered: Bitcoin Could Soar to $200,000 by 2025 appeared first on NFT Evening.

ETH Shows Signs of a Bullish Comeback

After a challenging two-week period where ETH lingered between $1,500 and $1,700, the cryptocurrency has notably recovered, hitting $1,800 on April 23. This price movement aligns with several positive indicators for Ethereum’s ecosystem. Ethereum’s ecosystem’s total value locked (TVL) has reached $46.719 billion, reflecting growing confidence in its decentralized applications (dApps) and overall network activity.

Read more: Just In: Ethereum Precipitously Fell to the Lowest of 2024-2025

Source: DefilLama

On-chain data further supports this optimism. According to Lookonchain, two prominent whales have shown strong buying interest in ETH. Whale 0xD20E withdrew 5,531 ETH (valued at $9.8M) from Binance, while whale 0x2088 spent 4.61M USDC to purchase 2,568 ETH at $1,794 today. Additionally, another whale, who previously incurred a $40M loss on ETH, borrowed 34.75M USDT from Aave to buy 19,973 ETH at $1,740 following the recent price rise, signaling a bold move to capitalize on the uptrend.

Source: Arkham Intelligence

The ETH ETF market also paints a promising picture. On April 22, ETH ETFs recorded a net inflow of $38.8M, driven by buying activity from major players like Fidelity and Bitwise. Notably, this marked the first positive netflow in over three weeks, a shift that could signal a brighter future for ETH.

Source: Farside Investors

Furthermore, Ethereum’s market dominance (ETH.D) surged by nearly 8% in the last 24 hours, rebounding from an extended period of low performance.

Source: TradingView

Adding to the optimism, Ethereum co-founder Vitalik Buterin recently proposed transitioning from the Ethereum Virtual Machine (EVM) to RISC-V architecture to enhance the network’s performance. This potential upgrade has sparked speculation that it could drive ETH’s price higher by addressing scalability and efficiency concerns, further fueling bullish sentiment among long-term investors.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Is This a Bullish Breakout or Just Hype?

Despite these encouraging signs, the road to a sustained bullish trend for ETH is far from certain. A significant counterpoint comes from Galaxy Digital’s recent move to swap $105M worth of ETH for Solana (SOL). According to Lookonchain, Galaxy Digital transferred 65,600 ETH (approximately $105M) to Binance over the past two weeks while withdrawing 752,240 SOL (valued at $98.37M) from the exchange.

Source: Arkham Intelligence

This ETH-to-SOL swap suggests a possible lack of confidence in Ethereum’s short-term prospects. The move aligns with broader bearish sentiment around ETH, which has faced a 20% monthly decline and ongoing institutional outflows, as noted in recent reports. Galaxy Digital’s shift to Solana, a competitor of Ethereum, could indicate that some institutional players are hedging their bets against ETH’s current challenges.

ETH’s rise to $1,800 is a positive signal, but investors need to wait for BTC.D to drop, indicating capital shifting from Bitcoin to altcoins. Meanwhile, BTC’s price has to remain stable or raise; if it declines, it could drag ETH and altcoins down, given Bitcoin’s significant market influence. This interplay highlights the need for Bitcoin’s stability to unlock a broader altcoin rally, including ETH’s potential growth.

Moreover, the recent price surge appears to be a 24-hour phenomenon driven largely by whale activity rather than a clear indicator of long-term, sustainable growth. While whale accumulation and ETF inflows are positive, they don’t yet provide concrete evidence of a lasting uptrend. The crypto market remains highly volatile, and ETH’s year-to-date performance, down 46%, underscores the risks involved.

Investors must exercise caution when making decisions, not only with ETH but across the broader cryptocurrency market. The competition from Solana, coupled with Ethereum’s declining burn rate and institutional sell-offs, adds layers of uncertainty to ETH’s immediate future.

The post ETH Reclaims $1,800 – Whether a Bullish Signal or Not? appeared first on NFT Evening.

Trump’s Latest Moves

The U.S.-China trade conflict has escalated sharply, with President Trump imposing a hefty 145% import tax on Chinese goods. China swiftly responded by imposing 125% tariffs on American products, thereby intensifying the economic conflict. As a result, stock prices have faltered, and interest rates on U.S. debt have risen, driven by investor concerns over sluggish economic growth and mounting inflationary pressures.

Learn more: Trump Tariffs Drive Miners Out of the U.S.

In a recent interview, President Trump stated, “We’re doing fine with China,” signaling a positive outlook on the situation. He also suggested the possibility of adjusting the import tariffs on Chinese goods, clarifying that while tariffs would not be reduced to 0%, they would be significantly lower than the 145% rate that had previously alarmed the market.

According to The Guardian, the President also stated that he has no plans to dismiss Federal Reserve Chairman Jerome Powell. His remarks come just days after he posted on social media that Powell should be removed for not cutting interest rates more quickly.

Source: The Guardian

Bitcoin’s Rally: The Trump Effect

Trump’s remarks have ignited a rally in the crypto market, with Bitcoin surging to $93,000. Ethereum and other altcoins have also jumped on the optimism wave. The overall crypto market capitalization has increased by nearly 5.9%, surpassing $$2.91 trillion, as investor confidence rebounds on the back of Trump’s optimistic signals.

Source: COIN360

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Also, record inflows into Bitcoin ETFs from institutional heavyweights, recording an unprecedented net inflow of $911.20 million, the highest since the Trump inauguration, according to Trader T. Notable inflows include a massive $267.10 million inflow to Ark Invest’s ARKB, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $253.82 million, and BlackRock’s iShares Bitcoin Trust (IBIT) with $192.08 million.

4/22 Bitcoin ETF Total Net Flow: $911.20 million
(HIGHEST INFLOW SINCE TRUMP INAUGURATION)$IBIT (BlackRock): $192.08 million$FBTC (Fidelity): $253.82 million$BITB (Bitwise): $76.71 million$ARKB (Ark Invest): $267.10 million$BTCO (Invesco): $18.27 million$EZBC (Franklin):… https://t.co/dXaa4M6Lew pic.twitter.com/Nm7G5c1MpE

— Trader T (@thepfund) April 23, 2025

This institutional buying spree has slashed Bitcoin’s circulating supply, fueling its price rally. With more ETFs likely on the horizon, Bitcoin’s upward trajectory could continue, solidifying its role as a global financial asset.

However, with trade policy details clashing and the future uncertain, it’s not all smooth sailing. Investors should keep their eyes peeled for shifts with China or the Fed could flip the script fast. For now, the outlook’s bright, but the long game’s still up in the air. Diversifying and staying tuned to the headlines might just be the smartest play in this wild ride.

The post Market Turns Bullish Following Trump’s China and Powell Remarks appeared first on NFT Evening.

Background and Milestone

Fartcoin emerged on Solana as a tongue-in-cheek memecoin, poking fun at crypto’s absurdity while capturing a loyal following. Despite its lack of traditional utility like other memecoins, its lowbrow humor and relentless X campaigns fueled early traction, turning it into a cultural phenomenon. 

Learn more: Fartcoin Deep Dive

The coin’s price trajectory has been a wild ride: it first hit a $1 billion FDV in December 2024, soared to a $2.7 billion peak in January 2025, but then quickly dipped below $250 million in February 2025 amid market volatility. 

Today, Fartcoin reclaimed its $1 billion FDV, with its market cap stabilizing over $1 billion. Moreover, according to Coingecko, its 24-hour trading volume is $363 million.

Source: TradingView

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Factors Fueling Fartcoin’s Recent Rally

Fartcoin’s rally is powered by a vibrant community. X posts filled with memes and absurd humor keep the buzz alive, drawing in new traders. Solana’s memecoin boom provides fertile ground, with speculative capital flooding into tokens like Fartcoin. 

Last week, Lookonchain reported a significant smart money activity, with a notorious whale investing $9.97 million to buy 11.21 million Fartcoin tokens at $0.89, signaling strong conviction in its potential. 

Source: @lookonchain

Another new wallet acquired 1.06 million tokens for $1 million, further boosting liquidity and making $FARTCOIN pump while the market was bleeding red. These moves underscore its appeal to sophisticated investors. 

Today, Moby AI also noticed $2.7 million in whale activity over the last 12 hours, with 41 active whales. $FARTCOIN was up to $1.016, rising by 11.89% in 24 hours, driven by a 38.32% volume surge. Its trading volume dwarfs that of larger memecoins, reflecting intense market interest and liquidity.

Fartcoin’s trajectory looks promising. If momentum holds, it can be expected to be $1.2-$1.5 in the near term. Solana’s dominance in the memecoin space suggests Fartcoin could ride the wave of broader market enthusiasm, especially as speculative appetite grows. However, its staying power still depends on the community and market trends.

The post Fartcoin Reclaims $1B FDV: Solana’s Memecoin Star Shines Bright appeared first on NFT Evening.

Listing Details

• Listing date: 2025-04-22 08:30 (UTC)
• Maximum leverage: 50x
• Capped Funding Rate: +2.00% / -2.00%

Detailed information about the listing here.

About Deepbook Protocol ($DEEP)

DeepBook Protocol is a cutting-edge DeFi platform on the Sui blockchain, offering a fully on-chain central limit order book (CLOB) for high-speed, low-cost trading. As Sui’s native liquidity layer, it rivals centralized exchanges and has gained traction among U.S. crypto investors, alongside projects like Walrus. DeepBook ensures transparency and efficiency, serving as a key liquidity venue for DeFi protocols and traders in the Sui ecosystem.

The DEEP token powers DeepBook, enabling trading fee payments, liquidity rebates, and governance through staking. With a 10 billion token supply and 3.06 billion initially circulating, DEEP drives ecosystem collaboration. Recently listed on Upbit, DEEP surged 115% today, April 22, 2025, after adding the DEEP/KRW pair, while only the DEEP/BTC and DEEP/USDT pairs were available previously. Now the DEEP/KRW is leading the trading volume on Upbit also. DEEP’s market cap stands at ~$317M, cementing its role as a top DeFi contender on Sui.

Source: TradingView

This is also one of the tokens we recently predicted would appear on Binance. Stay informed and look forward to more opportunities!

Read here: Top 5 projects Could be Listed on Binance

More information about Deepbook Protocol (DEEP):

• X
• Discord
• Website

The post Binance Futures Will List DEEP (Deepbook Protocol) appeared first on NFT Evening.

The Shocking Event That Sent $LUCE Surging

The sudden 80% surge of LUCE, a meme token on the Solana blockchain related to the mascot of the holy year, can be traced to a significant global event: the passing of Pope Francis at age 88, as reported by the BBC on April 21, 2025.

The Vatican announced the news, revealing that the Pope had passed away after his 38-day hospitalization earlier in the year. His death sent shockwaves through the Catholic community and beyond. While the world mourned, the crypto market reacted swiftly, with $LUCE—a token inspired by the Vatican’s 2025 Jubilee Year mascot—experiencing a dramatic price increase.

Source: DEXScreener

$LUCE, the official Holy Year mascot symbolizing hope, actively engages younger audiences through pop culture. Additionally, $LUCE was previously listed on Binance Alpha Market. Following the news, its market cap soared to $14.7M, reflecting the crypto market’s sensitivity to real-world events.

This spike aligns with the volatile nature of meme coins, which often thrive on hype and sentiment rather than intrinsic value. The emotional resonance of Pope Francis’ passing, combined with $LUCE’s symbolic connection to the Vatican, created a perfect storm for speculative trading, driving its value upward.

How Pop Culture Is Secretly Taking Over Crypto

The $LUCE surge is a clear example of how pop culture increasingly influences the crypto market, a trend that has been growing in recent years. Meme coins like $LUCE, which draw inspiration from cultural phenomena, exemplify this intersection. According to a 2024 report by BlockApps Inc., meme coins blur the lines between internet humor, community sentiment, and financial speculation, often driven by viral trends and online communities. However, the unintended consequence was the creation of a meme token that capitalized on this cultural symbol, showing how quickly pop culture can infiltrate financial markets.

The intersection of pop culture and cryptocurrency has led to several notable market surges, similar to $LUCE’s 80% spike following Pope Francis’ passing in April 2025. An example is Dogecoin DOGE, which began as a 2013 joke inspired by the “Doge” meme but soared in 2021 due to Elon Musk’s endorsements. Musk’s tweets, like one in January 2021 captioned “Doge,” triggered a 20% price jump within minutes, propelling Dogecoin to a peak of $0.73 and a $90 billion market cap by May.

Source: TradingView

Another case is Shiba Inu SHIB, launched in 2020 as a “Dogecoin killer.” It leveraged the same Shiba Inu meme culture and viral social media hype on platforms like Reddit, eventually reaching a $39 billion market cap in October 2021. These cases, like $LUCE, show how cultural phenomena—whether memes or celebrity influence—can drive speculative crypto booms.

The post $LUCE Surges 80% after Pope Francis Passed Away appeared first on NFT Evening.

Crypto Market Snapshot

Bitcoin, the world’s largest cryptocurrency, climbed over 3% to more than $87,000, a notable breakout from its recent trading range of $83,000-$86,000.

Giant cap tokens like $ETH followed suit, recovering to $1,644, while $XRP reached $2.12, reflecting a broader market upswing. Other altcoins like $SOL at $140 also experienced gains, contributing to a total market capitalization increase to approximately $2.74 trillion, up from $2.5 trillion earlier in the week. Concurrently, gold prices also soared significantly to an all-time high of $3,400, fueled by strong investor demand amid global economic uncertainties and inflationary pressures.

Source: COIN360

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Factors Driving the Recovery

The Macro Catalysts Behind the Crypto Recovery

A critical catalyst for the crypto market’s recovery was the U.S. dollar’s sharp decline, hitting a three-year low against major currencies, noted by CoinDesk. The U.S. dollar index declined to below 98, driven by hedge funds selling the currency against other major currencies such as the EUR, JPY, and AUD in the forex market. As the dollar weakened, investors sought alternatives due to the concern of inflation, boosting Bitcoin and gold as hedges against fiat currency instability.

Source: TradingView

This drop was triggered by reports of President Donald Trump exploring ways to challenge Federal Reserve Chairman Jerome Powell’s position, raising fears of compromised Fed independence.
Additionally, global liquidity saw a notable uptick, driven by an expanding M2 money supply.

As per MacroMicro data, the aggregate M2 across the U.S., Europe, Japan, and China rose steadily from December to February, reaching $90.2 trillion.

These macroeconomic shifts drove Bitcoin’s rally to $87,000, with altcoins benefiting from the broader market optimism, aligning with gold’s 2% gain on the same day.

Big Buyers Emerge: Institutional Bitcoin Bets Increase

Institutional investors played a pivotal role in the crypto market’s recovery, signaling strong belief in Bitcoin’s long-term value despite recent volatility. Strategy, formerly known as MicroStrategy, made headlines earlier in April 2025 by acquiring an additional 3,459 $BTC during a period of market uncertainty. This move reflects Strategy’s ongoing commitment to Bitcoin as a treasury reserve asset, even as the company reported $5.91 billion in unrealized losses from its Bitcoin holdings in Q1 2025 due to the asset’s earlier underperformance.

Additionally, according to The Block, Japan-based Metaplanet bolstered market confidence by purchasing another 330 $BTC today, increasing its total holdings to 4,855 $BTC. These corporate actions underscore Bitcoin’s growing acceptance as a hedge against macroeconomic uncertainty, contributing to the market’s upward momentum.

A True Uptrend or Temporary Surge?

Despite the rally, this upward movement remains driven by anxiety rather than a confirmed return to an uptrend. Bitcoin has led the gains with the Bitcoin Dominance (BTC.D) index surging and remaining high at 64%. However, the broader market’s direction remains uncertain due to weak altcoin performance and low trading volumes.

A clearer trend may emerge in May 2025, when the Federal Reserve meets and China potentially begins easing policies with the U.S., especially as President Trump has shown signs of softening his rhetoric on trade. Until then, the market’s gains, primarily led by Bitcoin, reflect cautious optimism amid macroeconomic fears rather than a sustained bullish cycle.

The post Bitcoin Hits $87K, $ETH and $XRP Post Impressive Gains appeared first on NFT Evening.

Listing Details

Users have to stake BNB on Binance Simple Earn to be eligible for airdrop distribution.

• BNB locking period: from 2025-04-14 00:00 (UTC) to 2025-04-17 23:59 (UTC)
• HODLer Airdrops Rewards: 20,000,000 HYPER (2.49% of Total Supply)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Token Details

• Token Name: Hyperlane (HYPER)

• Total Supply: 802,666,667 HYPER 

• Max Supply: 1,000,000,000 HYPER 

• Circulating Supply: 175,200,000 HYPER (21.83% of Total Supply)

• Smart Contract/Network Details: 0xC9d23ED2ADB0f551369946BD377f8644cE1ca5c4 (BNB Chain) & 0x93A2Db22B7c736B341C32Ff666307F4a9ED910F5 (Ethereum)

The project also generates an IDO event via PancakeSwap with the host of Binance Wallet. Users must complete the BNB subscription for the period of April 22, 09:00 AM – 11:00 AM (UTC) to be eligible.

The rule is stricter only for users who have already completed purchasing at least $20 on Binance Alpha from March 22, 2025, 00:00:00 UTC, to April 20, 2025, 23:59:59 UTC.

Token Distribution

• Community: 57%
• Expansion Rewards: 25%
• Private Sale: 11.5%
• Team: 20%
• Core contributors: 25%
• Early Backers: 10.9%
• Foundation: 7.1%

Token Distribution – Source: Whales Market

About Hyperlane

A permissionless interoperability protocol called Hyperlane (HYPER) was created to facilitate smooth asset transfers and communication between various blockchain networks, including Layer 1s, rollups, and app-chains. By enabling developers to install Hyperlane on any chain without requiring permission, it seeks to bring disparate blockchain ecosystems together by promoting data transfers, token bridges, and cross-chain applications.

The project has also launched its airdrop claiming portal for users; please feel free to explore it through this site.

Hyperlane’s listing on Binance seems inevitable, especially as NFTevening recently highlighted it in an article about top projects with high potential for near-future Binance listing.

Learn more: Top 5 projects Could be Listed on Binance

Hyperlane Social Address

• Twitter (X)
• Website
• Discord

The post Binance Introduces Hyperlane (HYPER) on HODLer Airdrops! appeared first on NFT Evening.

Binance Adds ZORA to Spotlight Projects on Binance Alpha Alongside Other Names

Binance Alpha, known for spotlighting early-stage crypto projects, is bringing Zora (ZORA) into the mix with its 42nd batch of listings. ZORA, a token tied to a platform empowering creators to mint and monetize digital content, will be available for trading starting April 23, 2025, at 13:00 UTC. This listing marks ZORA’s debut on Binance Alpha, a segment designed for early adopters to explore up-and-coming tokens before they potentially hit the main exchange.

Read more: Zora – Backed by Coinbase – Announces TGE and Airdrop

Get ready! Zora (ZORA) will be open for trading on Binance Alpha starting 13:00 April 23, 2025 (UTC)

To celebrate, all eligible* Binance Exchange users with a purchasing history on Alpha will receive an airdrop of 4,276 ZORA token in their Alpha account before 2025-04-23… pic.twitter.com/VntOFn4BNt

— Binance (@binance) April 21, 2025

Alongside ZORA, other tokens like SPX, MOG, POPCAT, and CULT have also been available on Binance Alpha at this batch, adding to the excitement.

Source: Binance Exchange

To celebrate ZORA’s listing, eligible users on Binance will receive an airdrop of 4,276 ZORA tokens. To qualify, users must have made purchases totaling at least $50 on Binance Alpha between March 22 and April 20 using their Spot or Funding accounts. The airdrop will be distributed before trading kicks off on April 23, ensuring participants can jump in early.

Before this, Binance has already distributed the Balance Token (EPT) Airdrop for Binance Alpha users.

Binance is not overlooking the differences between itself and other CEXs and knows how to leverage them. Therefore, Binance’s position continues to be maintained due to beneficial functionalities such as Binance Alpha and high-quality airdrop programs.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Binance Alpha

Binance Alpha is a unique feature within the Binance Wallet, aiming to give users early access to promising crypto projects before they are potentially available on the main Binance exchange. It acts as a curated platform, spotlighting tokens that show strong community interest, growth potential, and alignment with Web3 trends. Projects featured on Binance Alpha are based on Binance’s deep industry expertise, offering users a chance to explore tokens like ZORA, SPX, and others in their early stages.

The platform also includes user-friendly features like Quick Buy, which simplifies token purchases with automatic slippage adjustments and anti-MEV protection. While there’s no guarantee that Alpha tokens will make it to Binance’s main exchange, their inclusion often signals strong potential, making Binance Alpha a go-to for savvy traders looking to get in early on the next big thing. With its focus on innovation and community-driven projects, Binance Alpha continues to bridge users to the evolving world of Web3.

The post Binance Alpha Presents Its New Batch with ZORA, CULT and more appeared first on NFT Evening.

Shocking Signs China’s Bracing for a Trade War Explosion

China’s financial maneuvers recently suggest a strategic preparation for economic turbulence, potentially in the form of a trade war.

One of the clearest signs is the country’s systematic reduction of U.S. Treasury holdings. According to FXStreet, China offloaded $22.7 billion in U.S. Treasuries in February alone, a move that raises questions about who will fund the U.S. government’s borrowing spree as foreign investors like China step back. At the same time, China has been aggressively accumulating gold, with the central bank PBoC (People’s Bank of China) adding over 300 tonnes to its reserves since October 2022.

This trend of selling U.S. debt while stockpiling gold indicates a deliberate shift away from reliance on the U.S.-dominated financial system, possibly in anticipation of trade tariffs, sanctions, or other economic retaliations.

The PBoC reported its third consecutive monthly gold purchase in January – Source: State Administration of Foreign Exchange, World Gold Council

Another telling sign is China’s apparent effort to undermine the dollar’s global hegemony through gold. By accumulating gold, an asset that cannot be frozen or devalued by foreign powers, China is positioning itself to weather potential financial sanctions, similar to those imposed on Russia following the Ukraine conflict.

Moreover, there are discussions of a gold-backed BRICS currency, which could challenge the dollar’s dominance in global trade. These actions suggest that China is preparing for a trade war and laying the groundwork for a broader restructuring of the global financial order.

What China’s Bold Moves Really Mean for the World

China’s actions speak to a multifaceted strategy aimed at both defense and offense in the global economic arena. Defensively, gold serves as a hedge against inflation, currency devaluation, and geopolitical risks.

China’s gold accumulation helps protect its reserves from the eroding effects of a weakening U.S. dollar, which could result from escalating trade conflicts or broader economic instability. Offensively, China appears to be positioning the yuan as a viable alternative to the dollar.

By increasing its gold reserves and potentially re-pegging the yuan to gold (even symbolically), China could make its currency more attractive to the Global South and BRICS nations.

Additionally, China’s recent policy changes, such as allowing insurance companies to invest in gold, signal a domestic push to bolster gold demand. If expanded, this could lead to an additional 500 tonnes of gold demand, further solidifying China’s grip on the global gold market.

Crypto Caught in the Crossfire—Will Bitcoin Soar or Crash?

The crypto market, specifically Bitcoin, is facing a critical juncture amidst this economic turmoil. According to Swan Bitcoin, global economic uncertainties, such as excessive debt levels, currency devaluation, and geopolitical tensions, create a favorable environment for Bitcoin.

As China and other nations reduce their reliance on the dollar, investors may increasingly turn to decentralized assets like Bitcoin as a hedge against fiat currency risks. Max Keiser’s prediction of Bitcoin reaching $200,000 in 2024 may seem optimistic, but the underlying logic holds: as trust in traditional financial systems wavers, capital could flow into cryptocurrencies.

BTC has seen positive signals recently – Source: TradingView

However, the crypto market’s reaction may not be uniformly positive. Bitcoin, often dubbed “digital gold,” could see increased demand as a safe-haven asset. On the other hand, smaller altcoins might face volatility. Regulatory uncertainties could lead to panic selling if governments crack down on crypto in response to shifting financial power dynamics.

Additionally, if a trade war escalates, risk-off sentiment might initially drive investors away from speculative assets, including altcoins, while favoring more established cryptocurrencies like Bitcoin.

Read more: JP Morgan: Investors Prefer Gold Over Bitcoin as a Safe-Haven

In the long term, the flow of capital into crypto could surge as nations and individuals seek alternatives to the dollar-based system. A gold-backed BRICS currency might even inspire the creation of gold-backed stablecoins, bridging traditional and digital finance. For now, the crypto market continues to be a speculative battleground, with Bitcoin likely to benefit most from the uncertainty fueled by China’s actions, while smaller tokens navigate through more turbulent waters.

The post Is China Gearing Up for a Global Trade War Showdown? appeared first on NFT Evening.

Recently, Zora, a leading NFT marketplace protocol, has confirmed its Token Generation Event (TGE) and a highly anticipated airdrop scheduled for April 23, 2025. With backing from major players like Coinbase Ventures and Paradigm, Zora has established itself as a pioneer in empowering creators through decentralized minting and trading.

Zora Confirmed Official Token Launch and Airdrop

On April 20, 2025, Zora made waves in the crypto world with an official announcement on X, confirming that its native token, $ZORA, will launch on April 23, 2025.

$ZORA will be live on April 23, 2025. pic.twitter.com/yZdjlnDohH

— zora (@zora) April 20, 2025

Zora further detailed its airdrop plan, outlining two snapshots to determine eligibility for token distribution. The first snapshot captures user activity from January 1, 2020, to March 3, 2025, at 14:00:00 UTC. Besides, the second covers activity from March 3, 2025, to April 20, 2025, at 00:00:00 UTC. Yet, there’s no official airdrop check link yet. Zora’s dev team stated that the airdrop distribution data shown via API is just a test. Final results will be announced later.

These snapshots likely reward early adopters who engaged with the platform through actions like buying, selling, or listing NFTs, as well as those who explored Zora’s ecosystem, such as token swaps on its Layer 2 network via Uniswap integration. Additionally, the timing of the launch in Spring 2025 aligns with earlier speculations from sources like Medium, which noted a total supply of 10 billion tokens aimed at empowering creators on Base, further fueling anticipation for what $ZORA could mean for the future of on-chain creativity.

Read more: Zora Announces $ZORA Token Launch in Spring 2025

About Zora

Zora is a decentralized NFT marketplace protocol that enables creators to mint, share, and trade digital content on-chain, with features like tokenizing posts as tradeable ERC-20 tokens on platforms like Uniswap. Since its inception, Zora has attracted significant attention, raising a total of $50 million from prominent investors, including Coinbase Ventures and Paradigm.

Source: Cryptorank

Recently, Zora has collaborated with projects like Azuki, launching editions like Arbzuki, with 40 ETH in creator rewards donated to Arbitrum Foundation. Uniswap generated $300k in mint sales via Zora partnerships, while Songcamp and Drakula used Zora’s tools for music and social experiences. These efforts highlight Zora’s growing influence in the NFT space, building momentum for its $ZORA token launch and airdrop as the crypto community anticipates its next steps.

The post Zora – Backed by Coinbase – Announces TGE and Airdrop appeared first on NFT Evening.

Unexpected Top Gainers Today: Binance’s 2nd Vote to Delist Tokens

On this Sunday, the cryptocurrency market is experiencing an unexpected surge in activity primarily driven by tokens featured in the second Binance Vote to Delist, deviating from the typical influence of major projects. The absence of significant participation from ETF entities or large institutional funds has created an opportunity for smaller projects, particularly those facing potential delisting from the Binance exchange, to take center stage.

Specifically, VOXEL is leading the day’s upward momentum with a dramatic increase of 745%. Following this significant gain are NKN, exhibiting a substantial rise of 270%, and ALPACA, with a notable growth of 150%.

VOXEL up 745%! – Source: TradingView

“Every Cloud has a Silver Lining”

While the observed growth in these projects may appear encouraging, it also serves as a significant warning for holders. It is crucial to recognize that inclusion in Binance’s Batch Vote to Delist typically signifies their prior categorization under Binance Monitoring Tags. These are projects that have largely become technologically outdated, exhibit limited community engagement, lack clear long-term strategic direction, or are led by individuals with questionable credibility.

Consequently, these projects carry exceptionally high risks and pose a potential threat to users’ investments.

The recent price surges experienced by projects within this batch, despite their impending delisting, do indicate that these assets can still exhibit upward momentum even after being placed on Binance’s ‘blacklist.’ However, such rallies are generally transient in nature.

Historically, projects facing delisting announcements from Binance often experience a price surge immediately before or after their removal from the exchange. This phenomenon is widely interpreted as a profit-taking opportunity before the projects gradually fade into obscurity. Notable examples include $BURGER and $REN.

$REN faced hard dump before rise significantly in November 26th – Source: TradingView

It is crucial to exercise caution and avoid succumbing to FOMO regarding projects currently listed under such high-risk conditions. In scenarios like these, instead of buying in anticipation of a project’s revival, investors might consider strategically identifying the point at which the FOMO-driven momentum subsides to initiate short positions in perpetual contracts.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

The post A Shocking Breakthrough from a Vote to Delist Project VOXEL appeared first on NFT Evening.

Gold vs Bitcoin: A Market Snapshot

According to the report from JP Morgan, investors are prioritizing gold over Bitcoin to find a safe haven amid geopolitical instability, especially the consequences of the global trade war initiated by President Trump.

According to Cointelegraph, global gold ETFs drew $21.1 billion in net inflows in Q1 2025. In late 2024, Bitcoin ETFs briefly surpassed gold ETFs in terms of trading volume, but their advantage soon dissipated. The gold price also rocketed to the ATH of $3,660/ounce this week. 

Meanwhile, Bitcoin struggled with three consecutive months of ETF outflows. Binance Futures experienced many large negative net flows, indicating multiple outflow instances since January and signaling reduced speculative trading activity as traders potentially close positions or decrease exposure. 

Source: Coinglass

The $BTC price has also fluctuated at $85,000, plummeting by over 20% compared with the highest price of $109,000 in January, when President Trump won the election. This contrast underscores gold’s appeal amid economic uncertainty.

Redefining Bitcoin’s Narrative

Once celebrated as a modern equivalent to gold, Bitcoin’s recent price swings have cast doubt on its reputation as a safe-haven asset for the leading cryptocurrency. Earlier this month, JPMorgan analysts also said that “Bitcoin’s volatility and correlation with equities raise questions over its ‘digital gold’ narrative,” while gold is gaining stronger demand.

Trump’s election initially spurred optimism in the crypto market, with many expectations from investors. However, rising tariffs and the trade war with China, concerns over a global economic downturn, and a declining U.S. dollar have pushed investors toward the time-tested security of gold.

Still, Bitcoin’s future is fluid. Could less volatility restore its safe-haven appeal? Macro factors like monetary policy or ETF flows will shape its path. This shift reflects changing sentiment, but Bitcoin’s long-term role remains open to reinvention.

The post JP Morgan: Investors Prefer Gold Over Bitcoin as a Safe-Haven appeared first on NFT Evening.

sUSD Value Collapses to $0.68

Unlike fiat-backed stablecoins, sUSD relies on $SNX staking and debt pools, making it vulnerable to protocol changes. The recent price drop, which began around March 20, 2025, marks one of the most severe disruptions in sUSD’s history. The stablecoin’s value fell to $0.83 by April 10 and continued its significant decrease, hitting $0.68 today.

Source: CoinGecko

Why Did sUSD Depeg?

The depegging stems primarily from the SIP-420 protocol update, which changed the Synthetix ecosystem’s debt management and sUSD issuance processes. Before SIP-420, $SNX stakers minted sUSD individually and managed their debt, incentivizing them to buy sUSD at a discount to repay obligations and maintain the peg.

The update introduced a protocol-owned staking pool – “420 Pool”, where stakers deposit funds collectively, eliminating the stabilization mechanism in which the individual has an incentive to purchase discounted sUSD. This shift weakened the mechanism that historically restored the peg during price deviations.

The update also led to a surge in sUSD supply. The collateralization ratio for minting sUSD by $SNX has come down to the current 200%, making it easier to mint sUSD. Meanwhile, according to Parsec Research, over 80 million USD worth of $SNX has flowed into the “420 Pool.” Combined with Infinex campaign-driven holdings, there has been an expansion in sUSD supply, resulting in oversupply and insufficient buying incentives that have driven the price down.

Additionally, if the value of $SNX drops sufficiently, sUSD is no longer fully backed. Fears of under-collateralization might prompt users to exchange sUSD for $SNX and sell it. Such an action would lead to additional downward pressure on $SNX, triggering a deleveraging cycle. Declines in $SNX’s price since March have likely contributed to the sUSD depeg event recently. However, despite the dramatic price decrease of sUSD, $SNX still has positive growth today, reflecting mixed market sentiment.

Source: CoinGecko

Responding to the depegging event, there has been a 30% drop in Synthetix’s Total Value Locked (TVL) from $100 million to $70 million between March 29 and April 17, 2025.

The decrease coincided with a 70% reduction in Perps Active Accounts and Perp Volume since April 9, reflecting reduced engagement due to sUSD’s instability, as reported on Synthetix Stats. 

Source: Synthetix

Synthetix’s Response Plan

The Synthetix team has acknowledged the depegging as a result of “mechanism transition pains” and is actively addressing the issue. The team is enhancing liquidity incentives, particularly within Curve pools, to attract buyers and restore market balance.

More collaborations are also underway to create new demand channels for sUSD, potentially integrating it into lending markets or other DeFi applications.

Moreover, the Synthetix founder revealed through a post on X that he now holds 35 million $SNX and is the largest holder. He explained that he funded the purchases by selling as much as 90% of his $ETH holdings since 2020 to support Synthetix operations.

For the DeFi ecosystem, this crisis underscores the importance of robust fallback mechanisms during protocol upgrades. As Synthetix works to restore sUSD’s peg, the success of its efforts will shape confidence in algorithmic stablecoins and influence future DeFi designs. Stakeholders should closely monitor developments, as the outcome will determine whether sUSD can regain its stability or face ongoing challenges in a competitive DeFi market.

About Synthetix and sUSD

Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that enables the creation and trading of synthetic assets, known as “Synths.” These Synths are tokens that track the value of real-world assets like fiat currencies, cryptocurrencies, commodities (e.g., gold, silver), or even stocks, without requiring users to hold the underlying assets.

The protocol aims to provide exposure to a wide range of financial instruments in a decentralized, permissionless manner, enhancing liquidity and accessibility within the crypto ecosystem. Synthetix’s core innovation lies in its synthetic assets, or “Synths,” which are designed to mirror the price movements of various real-world and crypto assets.

For example, sUSD tracks the value of the U.S. dollar, sBTC follows Bitcoin’s price, and sAAPL reflects the stock price of Apple. These Synths allow users to gain exposure to a diverse range of assets without needing to own them directly, all within the decentralized framework of the Ethereum blockchain.

This flexibility allows the protocol to adapt to changing market conditions, balancing accessibility for stakers with the stability of the Synth ecosystem.

The post sUSD Stablecoin Suddenly Depegged Below $0.70 appeared first on NFT Evening.

Source: Hashkey Capital

Today, HashKey Capital unveiled the HashKey XRP Tracker Fund, an initiative designed to track the performance of XRP. As the first such fund in Asia, it provides professional investors with a regulated, accessible way to access XRP without direct ownership, such as managing crypto wallets or navigating volatile exchanges. Investors can subscribe through cash or in-kind contributions and redeem shares monthly, ensuring flexibility and liquidity.

Learn more: How to Buy XRP in 5 Easy Steps

Ripple, a key player in blockchain-based payment solutions, is seeding the fund as its anchor investor, signaling strong confidence in XRP’s potential. According to The Block, this partnership is the first of many planned collaborations between HashKey Capital and Ripple. Vivien Wong, Partner at HashKey Capital’s Liquid Funds, emphasized XRP’s innovative role, noting its appeal to global enterprises for transactions, tokenization, and value storage.

“With this fund, we simplify access to XRP, meeting the growing demand for top-tier digital assets,” Wong stated.

Strategic Collaboration Between Ripple and Hashkey Capital

The HashKey XRP Tracker Fund is a pivotal move in bridging traditional finance and crypto in Asia. HashKey Capital oversees a suite of digital asset products, including BTC and ETH ETFs on the Hong Kong Stock Exchange. The XRP Tracker Fund, its third tracker fund, leverages HashKey’s extensive network of financial institutions, regulators, and investors to amplify Ripple’s reach in the region.

In return, Ripple brings its expertise. This experience includes cross-border payments, decentralized finance (DeFi), and enterprise blockchain adoption, paving the way for future joint ventures.

Read more: Bullish Signal for XRP and Ripple

The collaboration aligns with Asia’s growing crypto traction. By offering a regulated product, the fund addresses the needs of investors wary of direct crypto exposure, fostering broader adoption.

XRP’s Market Potential and ETF Prospects

XRP’s $121 billion market cap underscores its prominence, trailing only Bitcoin and Ethereum. Its utility in facilitating fast, low-cost international transactions has made it a favorite among enterprises and financial institutions.

The launch of the HashKey XRP Tracker Fund comes amid heightened anticipation for spot XRP exchange-traded funds (ETFs) in the U.S., where firms like Grayscale are vying for approval. Standard Chartered predicts a U.S. XRP ETF could attract $8 billion in inflows within its first year, with the SEC expected to respond to Grayscale’s filing by May 22, 2025.

Source: Coinpedia

The HashKey fund places Asia at the forefront of the institutional crypto space, providing a competitive advantage. Its structure caters to professional investors seeking diversified portfolios, while Ripple’s involvement ensures credibility and strategic alignment.

The HashKey XRP Tracker Fund, backed by Ripple, marks a transformative moment for crypto investment in Asia. As Ripple and HashKey deepen their partnership, this fund could catalyze further innovation in DeFi, payments, and blockchain, solidifying Asia’s role as a global crypto leader.

The post HashKey Capital Builds Asia’s First XRP Tracker Fund with Ripple appeared first on NFT Evening.

While Ethereum boasts a massive Total Value Locked (TVL), Hyperliquid’s ability to generate significantly higher fees despite a smaller TVL highlights a fascinating dynamic in blockchain economics, driven by their distinct designs and market focuses.

Hyperliquid is Starring: The Numbers Speak

Hyperliquid is a high-performance Layer 1 blockchain tailored for decentralized perpetual futures trading. As of April 2025, its TVL is approximately $627.27 million, a fraction of Ethereum’s but impressive for a specialized platform. The recent airdrop of 310 million HYPE tokens to 94,000 users, valued at $7.6 billion, catapulted Hyperliquid into the spotlight, driving user adoption and trading volume.

Learn more: What is Hyperliquid?

Source: DefilLama

Ethereum, the backbone of DeFi, commands a TVL of over $46 billion, dwarfing Hyperliquid’s. Hosting over 1,216 projects, it supports a diverse ecosystem of dApps, NFTs, and DeFi protocols. Recent updates include the Dencun upgrade (March 2024), which slashed Layer 2 fees by 95%, and growing restaking adoption via EigenLayer.

However, Ethereum’s chain fees have struggled, standing at $300,000 in the last 24 hours compared to Hyperliquid’s $1 million. Throughout Q1 2025, Ethereum’s performance faltered, with fees hitting record lows due to reduced network activity recently amid the chaos of the overall market and lower gas prices post-Dencun. Despite its unmatched validator count (1.05 million) and decentralization, Ethereum’s revenue has lagged, as its high TVL reflects passive activities like staking rather than high-turnover trading.

Source: DefilLama

The contrast is stark: Ethereum’s TVL is nearly 80 times Hyperliquid’s, yet Hyperliquid generates over three times the daily fees. This gap widened in Q1 2025, as Ethereum’s fees repeatedly hit historic lows, while Hyperliquid’s DEX thrived despite whale-induced volatility. The airdrop further amplified Hyperliquid’s appeal, boosting its user base to over 230,000 and daily trading volume to $470 million.

Source: Artemis

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Why Hyperliquid’s Fee Surge? 

Hyperliquid’s fee advantage stems from its specialized design and market fit. Its perpetual futures DEX, built on the Hyperliquid L1 with HyperBFT consensus, delivers sub-second latency and 100,000 orders per second, rivaling centralized exchanges.

The platform’s high-leverage trading (up to 50x) and low-cost structure drive massive trading volumes, amplifying fee generation. The HLP Vault, a unique feature, aggregates fees from transactions, funding, and clearing, ensuring efficient revenue capture.

In contrast, Ethereum’s gas fees, distributed to validators, depend on network congestion and are less tied to TVL, which is often locked in low-turnover protocols like Aave or Lido. The Dencun upgrade, while improving scalability, slashed fees, reducing Ethereum’s revenue.

Hyperliquid’s airdrop also played a pivotal role, drawing traders and sustaining TVL growth post-TGE, unlike typical post-airdrop declines seen in projects like Scroll. Its community-focused tokenomics, allocating 76.2% of HYPE tokens to users, further fueled engagement.

Hyperliquid Ecosystem after Its Raising Performance

Hyperliquid has evolved from a perpetual futures DEX into a multidimensional Web3 ecosystem since launching HyperEVM, an Ethereum-compatible blockchain, in February 2025. HyperEVM’s high-performance design, with quick block times and parallel processing, supports over 100 dApps across DeFi, NFTs, GameFi, AI, and liquid staking.

Projects like Hyperlend and Timeswap innovate in lending, while Cluster and Solv Protocol enhance liquid staking. Native DEXs (HyperSwap, Spectra) and AI-driven tools (Beats AI, HCR Bot) showcase its versatility.

NFT collections like Wealthy Hypio Babies and GameFi platforms like Hyperverse drive community engagement. Bridges (Wormhole, HyBridge) and oracles (Pyth Network) ensure interoperability, while meme tokens like Autist add viral appeal. Hyperliquid’s vision, likened to a “Solana on EVM,” aims for ultra-fast, scalable experiences, positioning it as a foundation for Web3 innovation. Its diverse ecosystem, built on a trader-centric core, signals a shift from a niche DEX to a broad, competitive platform.

Read more: Hyperliquid Ecosystem: From Perp DEX to Emerging Crypto Ecosystem

The post Hyperliquid Destroyed Ethereum in Daily Fees Gained appeared first on NFT Evening.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Listing Detail

On Perpetual Contracts:

• EPT listing date: 2025-04-21 13:00 (UTC)
• Maximum leverage: 20x
• Capped Funding Rate: +2.00% / -2.00%

Besides, Balance will be available on Binance Alpha starting 2025-04-21 12:00 (UTC). To mark the launch, all eligible Binance users with a purchase history on Alpha will receive a 3,500 EPT token airdrop in their Alpha account before April 21, 2025, 12:10 (UTC).

An eligible user is one who has traded on Binance Alpha using spot or funding accounts on Binance from 2025-04-11 00:00:00 (UTC) to 2025-04-17 23:59:59 (UTC).

Read more: Binance Review 2025: Is It a Legit and Trustworthy Exchange?

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Balance (EPT)

Balance (EPT) is a Web3 gaming platform integrating blockchain and AI to connect Web2 and Web3, delivering immersive experiences. Developed by E-PAL with 4.2 million Web2 users, it revolutionizes gaming with digital asset ownership, decentralized governance, and AI interactions. Supporting 180+ games, including Call of Duty: Black Ops 6 and Matr1x Fire, it offers tools like Balance Wallet, Balance ID, and an NFT marketplace for cross-chain asset management. Its infrastructure, built on Aptos and BNB chains, includes a chain abstraction layer for efficient cross-chain operations.

Source: Balance

The native token, EPT, with a 10 billion total supply, serves as the platform’s currency for transactions, governance, and rewards, incentivizing players, developers, and liquidity providers. Backed by $40 million from investors like a16z and Galaxy Interactive, Balance has strong financial support for its ambitious roadmap.

Additionally, Balance introduced the Pioneer Badge NFT whitelist for top community participants and launched version 1.1 of its platform, featuring bounty tasks for earning redeemable points. With ongoing AI enhancements and partnerships, Balance is poised to lead the Web3 gaming space.

More information about Balance:

• X
• Telegram Channel
• Discord
• Website

The post Binance Launch Balance (EPT) on Binance Alpha & Futures appeared first on NFT Evening.

Binance Alpha’s New Launch – Dark and Gomble

Recently, on April 17, 2025, Binance Alpha announced the addition of two promising projects to its lineup, offering early access opportunities to projects within the cryptocurrency ecosystem. It is Dark and Gomble.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

DARK is an experimental network leveraging Trusted Execution Environments (TEEs) to enhance privacy and security in blockchain applications. This innovative project has captured attention for its unique approach to Web3 development. Following its listing on Binance Alpha, DARK’s price has surged remarkably. According to GMGN, DARK has risen by over 50% within the past 24 hours, reaching a market value exceeding $30 million, reflecting strong investor confidence in its potential.

Source: GMGN

GOMBLE (GM) is a promising project focused on integrating gaming and blockchain, aiming to create immersive, decentralized gaming experiences. As part of its Binance Alpha debut, trading for GM tokens commenced on April 17, 2025, at 7:30 PM (UTC+8). Especially, GOMBLE announced an airdrop of 403 GM tokens for eligible Binance users with a purchase history on the Alpha platform, further boosting community engagement and interest. Earlier, Wayfinder (PROMPT) also notified the airdrop campaign for Binance users following its Binance Alpha launch.

Source: Binance – Official X account

About Binance Alpha

Binance Alpha serves as a “pre-listing token selection pool,” meticulously curated based on Binance’s industry expertise and analytical capabilities. Binance Alpha actively selects projects for their strong community interest, robust growth potential, and alignment with evolving cryptocurrency market trends. Although an official listing is not guaranteed, Binance Alpha highlights tokens, that may gain consideration for Binance Exchange in the future. This also provides early exposure to high-potential Web3 projects.

Through its rigorous selection process, Binance Alpha actively showcases only promising initiatives, such as DARK and GOMBL. Therefore, it equips investors with a strategic advantage to identify breakout tokens before they reach the mainstream. While a Binance Exchange listing remains uncertain, Binance Alpha’s exposure significantly boosts a project’s credibility and visibility, often acting as a catalyst for future success.

By spotlighting projects like DARK and GOMBLE, Binance Alpha continues to solidify its role as a gateway for discovering innovative blockchain ventures, driving excitement and opportunity in the crypto space.

The post Binance Alpha Newly Launches DARK and GOMBLE appeared first on NFT Evening.

$AERGO’s Price Rebound

On March 21, 2025, Binance announced AERGO’s spot market delisting, effective March 28, sending its price down 6% to $0.06845. While most delisted coins tend to fade into obscurity, $AERGO, the native token of a hybrid blockchain platform backed by Samsung’s Blocko, managed to defy expectations. After being delisted by Binance, $AERGO skyrocketed 10x to a peak of $0.57 with a $920 million volume surge before being relisted on Binance Futures. 

Compare this event to other delisted tokens like BAL and CREAM, removed on April 16, 2025. They plummeted, with $CREAM losing a significant market cap. 

AERGO’s edge? High Upbit volume sustained liquidity with $250M on 9/4, as stated by GEM DETECTER, turning a delisting dip into a speculative frenzy. Traders who spotted this pattern-volume spikes on South Korean exchanges, caught a massive wave, proving that not all delistings spell doom.

Parallel Surges of $ARDR and $ARK

A similar script played out with $ARDR and $ARK, included in Binance’s second “Vote to Delist” campaign from April 10-16, 2025. Despite receiving 3.6% and 5.8% of votes, respectively, neither $ARDR nor $ARK has confirmed delisting, yet their prices experienced a significant surge. 

Source: Coingecko

Unlike other tokens in the 2nd “Vote to Delist” Batch like $PDA and $VOXEL, which saw substantial declines, $ARDR surged 280% to $0.15 by April 16, with a 1,100% volume spike. $ARK, less dramatic, likely climbed to $0.52, increasing by nearly 60%. Both these tokens are trader favorites on Bithumb, where high trading volumes sustain liquidity. Similar to $AERGO’s Upbit-driven rally ($250M volume on April 9), Bithumb’s ARDR/KRW and ARK/KRW pairs saw massive activity.

However, the hype didn’t last. $AERGO crashed 63% to $0.18 within 24 hours. $ARDR likely dipped 10-15%, while $ARK stagnated or slid slightly. These corrections highlight the volatility of delist-driven pumps. When momentum fades, traders chasing news often suffer, particularly if projects lack strong fundamentals.

Leveraging Binance’s Risk Indicators

Through the cases above, Binance’s Monitoring Tags can be considered a goldmine for traders. These flags mark coins at risk of delisting due to low liquidity, weak development, or regulatory red flags.

The Vote to Delist campaign, like the one ending April 16, amplifies volatility, creating pump-and-dump setups. To capitalize, track tagged coins via Binance announcements, then check Bithumb and Upbit volume on CoinMarketCap or CoinGecko. A surge, like in $AERGO, $ARDR, and $ARK, often precedes a rally.

Don’t forget to stay proactive: Monitor Binance Square for delist updates and Korean Upbit and Bithumb exchange data for volume clues. $AERGO, $ARDR, and $ARK show what’s possible, but timing and risk management are everything.

The post AERGO’s Turnaround and Binance Delisting Dynamics appeared first on NFT Evening.

Upbit and Bithumb: The New Liquidity Giants?

Upbit and Bithumb have solidified their positions as powerhouse exchanges, particularly for altcoin holders looking for significant price surges.

A striking example is WalletConnect Token WCT, which soared nearly 200% after being listed on Upbit, as reported in recent market data. Even on Binance, WCT continues to lead the top gainers, showcasing the ripple effect of Upbit’s influence.

Source: TradingView

Learn more: WalletConnect (WCT) Will be Listed on Binance Launchpool

Besides, Upbit has a reputation for driving massive pre-listing pumps as well, such as several tokens:

• INJ (Injective Protocol): 20%
• MEW (cat in a dogs world): 26%
• STG (Stargate Finance): 80%
• UXLINK (UXLINK): 183%
• ONDO (Ondo): 18%

Bithumb, too, has shown impressive performance in token listings. According to a 2024 Klein Labs report, Bithumb ranks second among centralized exchanges for post-listing token performance, with an average price gain of 9.05% within the first 30 days of listing and a median gain of 5.3%. Together, Upbit and Bithumb are emerging as formidable competitors to Binance, especially after Binance’s underwhelming performance with token listings in early 2025.

This is particularly true in South Korea, where these two exchanges dominate the market, catering to a whale-heavy investor base known for driving altcoin rallies.

While Binance faces scrutiny and regulatory challenges, Upbit and Bithumb are becoming another place for investors to go, especially for altcoin holders seeking the next big pump.

About Upbit and Bithumb

Upbit, launched in 2017, is South Korea’s largest cryptocurrency exchange, known for its user-friendly interface and extensive market offerings. It supports over 180 cryptocurrencies and more than 300 trading pairs, including fiat markets with the Korean won (KRW). Upbit has expanded globally, operating in Singapore, Indonesia, and Thailand, and was valued at $8.7 billion in 2021. It ranks 26th among global exchanges on BitDegree’s Exchange Tracker, reflecting its significant presence in the crypto space.

Bithumb, established in 2014, is another South Korean titan, focusing on security and compliance while catering primarily to the local market. Bithumb has been a pioneer in the Korean crypto scene, with the most active trading pair being USDT/KRW, recording $107.6 million in daily volume.

With Upbit’s total volume exceeding $3 billion and Bithumb’s surpassing $700 million, it’s no surprise that these two exchanges have a massive impact on token prices immediately after listing. As they continue to compete with international giants like Binance, Upbit and Bithumb are proving to be more than just local players—they’re becoming global forces in the altcoin market, offering hope and opportunity for token holders worldwide.

The post Upbit and Bithumb: New Hope for Altcoin Holders appeared first on NFT Evening.

What is LaunchLab?

LaunchLab is a token launchpad platform designed to compete with Pump.fun, a popular Solana-based memecoin launch platform. It aims to simplify token creation and distribution for developers, creators, and the broader Solana ecosystem. 

Source: LaunchLab

Raydium’s LaunchLab introduces a suite of innovative features designed to streamline and secure token launches on Solana. Creators can leverage customizable bonding curves to set token sale amounts, enabling dynamic pricing that adapts to market demand. The platform’s no-code interface offers flexibility with two modes: “JustSendIt” for quick launches with default settings and “LaunchLab” for tailored options like token supply, vesting, and distribution.

Free token launches make the platform accessible, allowing anyone to create a token, with liquidity automatically migrating to Raydium’s AMM pool upon reaching targets like 85 $SOL in JustSendIt mode.

To ensure trust, liquidity locking or burning post-migration minimizes rug pull risks. LaunchLab’s fee structure includes a 1% transaction fee, split as 50% to a community pool, 25% for $RAY buybacks, and 25% for infrastructure and operations. Additionally, token creators benefit from a post-migration fee share, claiming 10% of LP fees from AMM pool trades, incentivizing long-term project engagement.

Competitive Dynamics: LaunchLab’s Response to Pump.fun

The launch of LaunchLab is a strategic response to competitive pressures, particularly from Pump.fun, which had been a significant revenue driver for Raydium. Pump.fun announced its own AMM (PumpSwap) in March 2025, reducing its reliance on Raydium’s liquidity pools. Previously, Pump.fun tokens reaching a $69,000 market cap would migrate to Raydium for trading, contributing ~41% of Raydium’s swap fee revenue.

According to DefiLlama, PumpSwap’s debut, with over $31.7 billion in trading volume in just 10 days, increased the fierce competition with Raydium.

Moreover, with Pump.fun’s shift to PumpSwap, Raydium faced a potential loss of its revenue. LaunchLab aims to capture token launch activity and maintain Raydium’s dominance as Solana’s top DEX.

Therefore, LaunchLab aims to recapture token launch activity and reinforce Raydium’s dominance in Solana’s ecosystem. Beyond competition, it reflects Raydium’s vision to transition from a liquidity provider to a broader “ecosystem infrastructure builder,” supporting diverse, long-term projects with many key differences from Pump.fun, including:

• Flexibility: LaunchLab offers advanced customization (bonding curves, vesting, fee-sharing) compared to Pump.fun’s aesthetic-only changes.
• Integration: LaunchLab connects directly to Raydium’s AMM, while Pump.fun now uses PumpSwap.
• Focus: LaunchLab supports all token types, not just memecoins, and aims for long-term project sustainability, addressing Pump.fun’s criticism for enabling pump-and-dump schemes.

LaunchLab’s Immediate Effect: $RAY and $SOL Price Surge

Source: CoinMarketCap

The LaunchLab announcement catalyzed a 13% spike in RAY, just over 1 hour after the news, reaching ~$2.43 with a market cap exceeding $680 million. Trading volume surged 80% to $264.08 million in 24 hours. The launch and 25% fee allocation for $RAY buybacks might support this bullish sentiment. 

Learn more: Solana Price Prediction

For SOL, the direct impact is also immediate, with the price increasing 4.16% to $131 today. This spike is because of the belief in LaunchLab’s potential to drive ecosystem activity through new token launches and increased transactions, which could bolster $SOL’s value over time by enhancing Solana’s network usage.

While the initial market reaction has been positive, LaunchLab demonstrates significant potential beyond immediate price movements. Its focus on broader token types, long-term sustainability features, and direct integration with Raydium’s ecosystem positions it as a platform whose long-term impact on both Raydium and the wider Solana network is highly anticipated.

The post RAY Soars 13% with Raydium’s LaunchLab Debut on Solana appeared first on NFT Evening.

Although Coinbase quickly denied any involvement in the controversial token launch, the community raised a pressing question: Was this an unintended mishap, or a sign of the blurry lines between Web3 and financial meme tools?

Base – When the Biggest Blockchain Rug-pulled

The incident began on April 16, when the official Base account on X posted a simple Zora Create message: “Base is for everyone.”

This format allows users to mint interactive content as NFTs on Zora. Unexpectedly, immediately after the post went live, a memecoin with the same name was automatically launched, triggering a chain reaction among retail crypto investors.

Source: X

Within minutes, the token “Base is for everyone” started trading actively on the Base network. Its market cap skyrocketed to $17.1 million in just 69 minutes after mint.

However, only 20 minutes later, the market cap plummeted by nearly 90%, dropping to under $2 million. Some speculators cashed out early and walked away with hundreds of thousands in profits, while most others ended up holding the bag.

According to on-chain data, the top three wallets held 47% of the total token supply, an extremely concentrated distribution, even by memecoin standards. These holders dumped their tokens at the top, causing the entire market to collapse within minutes.

The price chart clearly illustrates a classic pump-and-dump pattern, with towering green candles followed by a sharp and sudden crash.Notably, the collapse didn’t happen because of pulled liquidity – it happened because whales quickly accumulated tokens and then dumped them on smaller holders.. The initial liquidity was extremely thin, amplifying volatility and making the token an ideal vehicle for short-term trading by larger players.

Base is for everyone price – Source: DexScreener

“Tokenized Content Is the Future”

Jesse Pollak, head of the Base project at Coinbase, didn’t shy away from the controversy. In a response on X, he stated that tokenized content is a crucial part of Web3’s development roadmap.

“We’re moving toward a world where every post, video, and meme can have real financial value. It’s up to the community to decide how they want to engage,” Pollak wrote.

From his perspective, the recent incident was not a systemic failure, but rather a sign of the democratization of ownership and creativity. However, he also acknowledged that “we’re still learning” and emphasized the need to better clarify the line between official accounts and individual actions within organizations.

try to argue against content coins from first principles.

if a video on tiktok has millions of views, it has value.

why should a single platform control that value?
why shouldn’t that value be explicit?
why shouldn’t the creator benefit from that value?

seems good to me.

— jesse.base.eth (@jessepollak) April 16, 2025

Still, for many in the community, the event revealed a harsh truth.

“When it comes to financial benefits, it’s no longer culture, whether it’s onchain or not,” shared Pink Brains on X.

Seen through this lens, Web3’s creative freedom increasingly takes a back seat to financial speculation – where everything, even memes and culture, gets repackaged as a tool for profit.

Coinbase Responds — But Is It Enough?

Shortly after the controversy erupted, a Coinbase spokesperson responded: “That token is not an official Base product and has no affiliation with Coinbase.”

They explained that Zora’s system automatically generates a token whenever someone mints a post using the “Create” format. By default, the system issues this ERC-20 token and lists it on Zora or AMMs within the Base network.

However, one detail that sparked further suspicion was that a wallet linked to Base received 10 million tokens, or 1% of the total supply. Coinbase later clarified that it wouldn’t sell those tokens and would redirect all trading fees to support Base’s developer community.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Still, many in the crypto community found the explanation unconvincing, especially since Base’s official account directly shared the post that triggered the token launch.
As a publicly listed company, Coinbase’s involvement in what many see as a “financial accident” has significantly dented the credibility of the Base ecosystem.

Community backlash was swift. Prominent KOLs in crypto criticized Coinbase/Base for irresponsibly appearing to endorse a speculative memecoin. From Cobie to on-chain analysts like Lookonchain, waves of tweets, memes, and harsh commentary spread rapidly. Some even labeled it “a rug pull promoted by Coinbase.”

The result? A major reputational hit for Base, which had positioned itself as a user-friendly, transparent Layer 2 for the masses.

Read more: Is Coinbase Safe & Trustworthy in 2025?

This incident also raises serious concerns about content approval processes on official accounts, especially in an environment where a single tweet can lead to millions in user losses.

Ultimately, Coinbase didn’t just make a misstep – it sent a warning to all Web3 infrastructure builders: In a world where on-chain actions quickly become financialized, projects need to define clear boundaries between official products and individual experiments from the outset.

Conclusion

The “Base is for everyone” memecoin incident went far beyond a typical case of speculative mania – it exposed a deeper flaw in how Web3 organizations, especially regulated entities like Coinbase, manage their onchain presence and communications. In a space where a single tweet can trigger millions in inflows or losses, the line between creative freedom and financial responsibility is becoming dangerously thin.

For Base, this wasn’t just a short-term PR stumble; it was a wake-up call. As the Web3 ecosystem continues to blur the boundaries between content and capital, infrastructure projects must draw clear distinctions between official initiatives and experimental user-generated actions  or risk undermining the very trust they aim to build.

Read more: Coinbase vs Binance 2025: Which Exchange is Better?

The post Coinbase Caught in $15M Rug Pull Scandal – Is Base Still Safe? appeared first on NFT Evening.

Listing Details

• Farming Period: April 18, 2025, 00:00 UTC to April 23, 2025, 23:59 UTC
• Launchpool Rewards: 30,000,000 INIT (3% of total supply)
• Available staking tokens: BNB, FDUSD and USDC
• Binance Launchpool Allocation: 30,000,000 INIT 
• Total Supply: 1,000,000,000 INIT
• Circulating Supply at Listing: 148,750,000 INIT (14.88%)
• Blockchain: Initia
• Spot Listing Date: April 24, 2025, at 11:00 UTC, with trading pair INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD and INIT/TRY

INIT Token Details

• Token Name: Initia (INIT)
• Blockchain: Initia Mainnet
• Total Supply: 1,000,000,000 INIT
• Initial Circulating Supply: 148,750,000 INIT 

How to Farm Binance Launchpool

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Log in to Binance here.

Next, navigate to the “Trade” section, select “Spot,” and purchase BNB using your stablecoin of choice.

Place a limit order at the best available price. Then head over to “Simple Earn,” select Flexible Staking for BNB to start earning INIT tokens. Rewards from the Launchpool will be distributed hourly once your staking is confirmed.

About Initia

Initia (INIT) is a modular blockchain platform that combines a Layer 1 chain with built-in Layer 2 rollups, designed to support a network of interconnected appchains called “Minitias.” It features native IBC for seamless interchain communication, a Move-based virtual machine for secure smart contracts, and tools that make it easy for developers to launch scalable, application-specific chains with shared liquidity and user bases.

Read more: Initia Price Prediction: Pre & Post-TGE Pathway

Initia a social account:

• X
• Website

The post Initia (INIT) Will be Listed to Binance Launchpool appeared first on NFT Evening.

OKX Entered the US Market

On April 16, 2025, OKX made a bold move by officially launching its services in the US, as announced in a post on X and an official announcement on their learning hub.

Bringing a New Alternative to America

We’re officially launching in the US with our centralized exchange & powerful multi-chain Web3 Wallet.

Roshan Robert will lead our expansion as US CEO, and our headquarters will be in San Jose, California.

More:… pic.twitter.com/VaACoqIydn

— OKX (@okx) April 16, 2025

This expansion brings its centralized cryptocurrency exchange and a multi-chain Web3 wallet to American users, marking a significant milestone for the platform. The company has set up its US headquarters in San Jose, California, and appointed Roshan Robert, a seasoned professional with experience at Morgan Stanley and Barclays, as the US CEO.

OKX’s entry into the US comes after settling with the Department of Justice for $500 million, showcasing its commitment to compliance and growth. The platform also migrates existing OKCoin users to OKX, focusing on enhanced due diligence, KYC processes, and fraud detection to align with US regulations.

This move not only opens doors for US customers to access OKX’s high-performance trading tools but also positions the exchange as a serious competitor in the American crypto landscape. From now on, tokens announced for listing on OKX will gain more attention, turning OKX into a major liquidity pool that directly competes with Binance.

OKX Referral Code

Claim Your Share of the 60,000 USDT Prize Pool!

Deposit & Trade This Month

Code Valid: May 2025

Copy

Claim Reward

About OKX

OKX, originally launched in 2017 by Star Xu as OKEx, is a Seychelles-based cryptocurrency exchange that has grown into one of the world’s leading platforms. Now rebranded as OKX, the company operates in multiple global markets, including Hong Kong, the UAE, the Bahamas, and France, with offices in Dubai, Silicon Valley, Singapore, and Australia.

Source: OKX

OKX is known for its robust ecosystem, offering a wide range of products such as spot trading, margin trading, futures, options, and a self-custody Web3 wallet supporting over 130 blockchains. Its wallet also features DEX aggregation and AI-powered tools, making it a versatile choice for crypto enthusiasts. The platform supports trading for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), alongside hundreds of other tokens and trading pairs.

Learn more: OKX Review 2025: Fees, Features, Security, Pros & Cons

OKX has achieved remarkable milestones in recent years. OKX has also prioritized transparency, with its September 2023 Proof of Reserves report revealing a 102% BTC reserve ratio, demonstrating its financial stability. Beyond trading, OKX has made waves through partnerships with high-profile brands like Manchester City, McLaren, and the Australian Olympic Team, as well as sponsoring events like the Tribeca Film Festival since 2022. In 2025, OKX made a strong impression at the Dakar Rally, securing second place in stages 1 and 3.

With its cutting-edge technology, diverse product offerings, and global presence, OKX is a platform worth exploring. Whether you’re a seasoned trader or a crypto newbie, OKX provides the tools and security you need to navigate the world of digital assets. Don’t miss out—join crypto trading with OKX today through our code with a discount!

The post OKX Officially Entered the US Market appeared first on NFT Evening.

Movement Market Maker Irregularities

In March 2025, Binance identified a market maker dumping 66 million MOVE tokens at Movement Labs shortly after their listing, triggering a sharp price drop. This incident contradicted the market maker’s role of ensuring liquidity and price stability through balanced trading. 

Learn more: What is Movement?

Binance accused the market maker of market manipulation, placing small buy orders while selling large token volumes, causing price volatility. The exchange froze $38 million from these activities to compensate affected users. 

Movement Labs, a blockchain project leveraging the Move language, confirmed it was unaware of the irregularities until notified by Binance. This incident drew significant attention in the crypto community, raising questions about market maker transparency.

Conflicting Reports Surround Movement Co-Founder

These problems have thrust Rushi Manche, a key figure at Movement Labs, into the spotlight. Many articles stated that Manche was on a temporary leave, with his company Slack account briefly deactivated, fueling speculation about his involvement in the irregularities. 

Manche quickly denied these claims on X, asserting he remains fully engaged with the project. His active social media presence, including sharing a photo of himself speaking as a co-founder of Movement Labs at the Web3Festival conference, supports his stance. He even called the Blockworks report “Weird reporting”.

However, the conflicting narratives have created uncertainty, with investors questioning the stability of the project’s leadership. Manche’s ability to maintain visibility and address concerns will be crucial as the investigation unfolds.

Market Reaction and Current Status

Source: CoinMarketCap

The news triggered a 5-10% drop in MOVE, reflecting market unease. Investors are wary of potential governance issues and the investigation’s outcome. Despite the price decline, Manche’s ongoing engagement and the foundation’s commitment to transparency may mitigate further losses. The investigation’s findings will be pivotal: a clear resolution could stabilize MOVE’s price, while prolonged uncertainty might deepen volatility. The crypto community awaits updates as Movement navigates this turbulent phase.

The post $MOVE Token Under Fire As Co-Founder Controversy appeared first on NFT Evening.

A Blow to the Semiconductor Supply Chain

According to BBC, semiconductors, the backbone of modern technology, power everything from iPhones to military jets. These chips, while invented in the U.S., rely on a complex global supply chain. Chips are often designed in the U.S., manufactured in Taiwan, Japan, or South Korea using rare earths mined in China, packaged in Vietnam, and assembled in China before being shipped globally. Donald Trump’s decision to block NVIDIA’s AI chip sales to China, particularly the H20 GPU, tailored for the Chinese market, disrupts this delicate ecosystem. 

Additionally, President Trump has imposed tariffs of 32% on Taiwanese GPUs and servers and 46% on Vietnamese-assembled components. These measures increase costs across the supply chain as part of a broader strategy to counter China’s technological rise and incentivize U.S. manufacturing. However, China has retaliated with a substantially high tariff on U.S. chipmakers, and restrictions on rare earth exports further exacerbate shortages, as the U.S. relies on China for 90% of these critical materials.

This trade war and barriers would lead to higher costs of semiconductor chips, directly affecting the related industries.

Immediate Impact on the Traditional AI Industry

The traditional AI industry, encompassing chipmakers and cloud providers, has been hit hard by the NVIDIA ban and associated tariffs, with significant stock market declines reflecting investor fears.

NVIDIA’s Stock Plunge

NVIDIA, according to CNBC, announced on April 15, 2025, that it would record a $5.5 billion charge in its fiscal first quarter ending April 27, 2025, due to U.S. restrictions on exporting H20 graphics processing units to China and other destinations. The charge covers inventory, purchase commitments, and related reserves for H20 chips, which generated an estimated $12 billion to $15 billion in revenue in 2024.

Following the announcement, NVIDIA’s stock slid more than 6% in extended trading, reflecting investor concerns over lost revenue from China, where companies like ByteDance ordered $16 billion in H20 chips in Q1 2025.

Source: Yahoo Finance

AMD’s Sharp Decline

Advanced Micro Devices (AMD), a competitor developing AI chips like the MI309 Instinct, saw its stock fall 8% in after-hours trading on April 15, 2025, as posted on X by The Kobeissi Letter. Investors fear AMD could face similar restrictions, which would lead to a significant drop in its revenue due to its reliance on the Chinese market and TSMC’s manufacturing.

Challenges for AI DePIN Systems

DePIN platforms like io.net and Render, which aggregate GPUs for AI training, rendering, and data processing, face unique vulnerabilities due to the challenges from the traditional AI supply chain:

• Rising Operational Costs: Higher GPU prices due to tariffs directly increase costs for DePIN networks. For example, Render RENDER, backed by NVIDIA, may see squeezed margins as hardware expenses climb, potentially reducing payouts to node operators.
• Supply Constraints: Limited GPU availability could prevent individuals from joining DePIN networks, shrinking computational capacity. Projects like Io.net IO, aiming to source over a million GPUs, may struggle to scale if supply tightens.
• Revenue Pressure: DePIN platforms may need to raise fees for AI developers or cut rewards for node contributors, risking user growth. Recent market corrections in AI and DePIN tokens, as they continue, suggest declining sentiment, potentially linked to NVIDIA’s woes.

Responding to these negative changes, the DePIN market has experienced significant declines today, mirroring the downturn in traditional AI stocks like NVIDIA and AMD.

These declines reflect broader market sentiment, as investors react to the NVIDIA ban’s implications for GPU supply and costs, which are critical for DePIN operations. The parallel downturn in DePIN tokens and traditional stocks underscores the interconnected risks across AI infrastructure markets.

Learn more: Binance Low Performance Impacts Severely on Investors’ Belief

A Silver Lining? Trump’s Push for U.S. Chip Production

On the sidelines, Trump has vowed to fast-track permits for domestic chip manufacturing following NVIDIA’s announcement of a $500 billion plan to build AI supercomputers and chips in the U.S. This initiative aims to reduce reliance on Asian supply chains and bolster U.S. technological leadership. While promising for long-term domestic production, the plan faces significant hurdles, including high costs and a shortage of skilled labor. 

Therefore, in the short term, it does little to alleviate the immediate supply chain disruptions impacting AI and DePIN projects. AI DePIN projects must navigate a turbulent landscape to maintain their edge, while the broader AI industry grapples with the fallout of geopolitical trade wars.

The post AI Narrative Might Face Significant Threat from Trump appeared first on NFT Evening.

This stark underperformance has sparked widespread skepticism among investors, eroding trust in Binance as a platform for quality projects. Instead, many now view Binance listings as a predictable cycle of hype, pump, and dump. This article explores the extent of this issue, highlights specific cases, and suggests reasons behind the declining confidence in Binance’s listing strategy.

Binance Listings: From Hype to Heartbreak!

The data paints a grim picture. In Q1 2025, Binance listed 27 tokens, but only $LAYER (+86.73%) and $FORM recorded gains. The rest, including high-profile tokens like $TRUMP, $MUBARAK, and $PARTI, suffered significant losses.

For instance, $TRUMP, hyped as a meme coin tied to political narratives, crashed by over 70% shortly after listing due to massive sell-offs. Similarly, $MUBARAK and $PARTI followed a familiar pattern: a brief pump driven by pre-listing hype, followed by a sharp dump as large holders, or “whales,” liquidated their positions.

$TRUMP recent performance – Source: Binance

This consistent underperformance has led investors to question Binance’s vetting process. Many now suspect the exchange prioritizes projects willing to pay high listing fees over those with strong fundamentals. The perception that Binance has become a “dumping ground” for low-quality projects is gaining traction, with communities on X even launching hashtags like #BoycottBinance. Investors increasingly perceive Binance listings as a warning sign rather than an endorsement, which stands in stark contrast to the exchange’s previous reputation.

Why Binance Listings Are Crashing Hard?

A toxic mix of greed, market dynamics, and strategic missteps led to the catastrophic price drops of tokens listed on Binance in 2025. From sky-high listing fees to a meme coin obsession, here’s why newly listed tokens are bleeding value faster than ever.

Sky-High Listing Costs: Draining Projects Dry Before They Fly?

Binance’s listing process isn’t just a pay-to-play game—it’s a resource sink that can cripple projects. Securing a spot on the exchange demands millions of dollars in fees, forcing projects to pour nearly all their financial and operational muscle into the listing itself.

This all-in bet leaves thinly backed projects, which lack robust backers or clear long-term strategies, dangerously exposed. This is exemplified by tokens such as $MUBARAK and $PARTI, which experienced tremendous hype during their pre-listing phase and expended significant resources to secure a spot on Binance. However, their post-launch collapse occurred due to weak fundamentals and stretched budgets that failed to sustain growth.

With no runway left to innovate or execute, these projects falter, their prices tanking—$MUBARAK alone plunged 70%—leaving investors burned and wondering if Binance is a springboard for success or a graveyard for overextended dreams.

Binance’s Liquidity Trap: The Perfect Dump Zone

Binance, with its daily trading volume often surpassing $20 billion, is the preferred destination for projects seeking to cash out. This high liquidity makes it the ideal “final stop” for whales and insiders to unload massive token supplies, triggering brutal pump-and-dump schemes.

Take $MUBARAK, for example: hyped pre-listing, it soared briefly before crashing over 70% as large holders dumped millions of tokens. Similarly, coordinated sell-offs fueled $TRUMP’s 70% post-listing plunge, often implicating market makers like Wintermute. Binance’s liquidity, once a strength, has become a magnet for these predatory tactics, leaving retail investors as collateral damage.

Source: TradingView

Other Reasons to Form a Recipe for Disaster

The broader crypto market in 2025 is a graveyard of confidence, amplifying Binance’s listing woes. The Fear & Greed Index has languished in Fear to Extreme Fear since January, reflecting retail investors’ retreat amid global trade tensions, such as the spike in U.S.-China tariffs to 125%. Furthermore, the liquidity drought makes new tokens easy prey for volatility spikes.

Source: Binance

Worse, Binance’s obsession with meme coins like $TRUMP and $MUBARAK is spectacularly mistimed. The meme coin craze that fueled in late 2024 has fizzled in 2025’s bear market, with investors craving projects offering real-world utility. Binance’s failure to adapt to a market demanding substance over sizzle is torching its reputation.

Other factors include aggressive sell-offs by market makers like Wintermute, as seen in the $ACT token dump, and changes in tokenomics that erode investor confidence, such as $OM’s supply increase and inflation adjustments. These issues, combined with incidents like the FDUSD stablecoin depeg, have fueled distrust in Binance’s transparency and reliability.

Conclusion

The dismal performance of Binance’s recent listings has significantly undermined market confidence. To restore trust, Binance must prioritize quality over quantity in its listings and address concerns about transparency. Until then, investors are likely to remain cautious, viewing Binance not as a launchpad for innovation but as a cautionary tale of hype and disappointment.

The post Binance Low Performance Impacts Severely on Investors’ Belief appeared first on NFT Evening.

Solana’s Cash Tsunami: Millions Inflow!

Recent data underscores Solana’s growing appeal. According to Wormhole, the recent Solana inflow recorded has been approximately $37 million over the past seven days, signaling strong investor confidence.

Source: Wormhole

Additionally, Artemis reported that Solana ranked among the top five blockchains for net inflows, recording $4.3 million in the last 24 hours, with a positive inflow of $11.3 million. This influx reflects Solana’s ability to attract capital even in a volatile market.

Source: Artemis

Further bolstering this trend, there was a 20% increase in Solana’s monthly active addresses, reaching nearly 76 million this month. This surge in user activity indicates growing adoption and engagement, positioning Solana as a leading layer-1 blockchain. The combination of capital inflows and rising network usage paints a bullish picture for Solana’s near-term prospects.

Source: Token Terminal

Read more: Solana Price Prediction in April: Short term outlook

Solana’s Wild Ride: What’s Igniting This Epic Rally?

Several factors are driving this renewed interest in Solana, with the ecosystem’s vibrant projects and emerging trends playing a pivotal role.

$FUR – New Memecoin Trend on pump.fun

One notable catalyst is the rise of a new memecoin, $FUR, launched on the pump.fun platform. $FUR has gained significant traction, with speculation that it could spark a broader memecoin frenzy.

Source: pump.fun

In a show of community enthusiasm, several prominent Solana-based projects have adopted “furtilized” avatars featuring furry logos, amplifying the trend’s visibility and appeal. As a result, this memecoin momentum is reminiscent of past Solana-driven hype cycles, drawing in both retail and institutional interest.

Fur logos are TAKING OVER X!

Why are CoinGecko, OKX, & everyone else going fuzzy?

Dive into the $FUR meme coin craze & learn how to make your own fluffy logo.

Don’t miss this! https://t.co/ptTBlDDqdb #FurLogo #MemeCoin #Solana pic.twitter.com/CdZ2R5nFtc

— XBIT (@XBITDEX) April 16, 2025

Surges on Solana’s Projects

Beyond memecoins, the broader Solana ecosystem is showing signs of strength. Over the past seven days, tokens within the ecosystem have posted impressive gains. Render RENDER surged by 26.6%, Jupiter JUP climbed 8.1%, Bonk BONK jumped 24.2%, Fartcoin FARTCOIN skyrocketed by 69.3%, and Raydium RAY rose 33.1%.

Source: Coingecko

These gains reflect growing confidence in Solana’s decentralized finance (DeFi) and decentralized exchange (DEX) sectors, which continue to attract liquidity and users.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Safe Haven for Crypto Investors

Another key factor is Solana’s positioning as a “safe haven” for traders amid a turbulent altcoin market. Recent underperformance in Binance listings and unexpected price dumps in major altcoins like Ethereum have left traders seeking stability. Solana, with its high throughput, low transaction costs, and thriving ecosystem, has emerged as a reliable alternative. The network’s ability to handle high transaction volumes without congestion makes it particularly appealing for traders navigating choppy market conditions.

Moreover, Solana’s technical resilience and developer-friendly environment continue to draw projects and capital. The ecosystem’s focus on scalability and speed has fostered a diverse range of applications, like DeFi, NFT marketplaces, etc. This versatility ensures that Solana remains a hub for innovation, further fueling its growth.

With $36M+ in inflows, spiking activity, and $FUR mania, which could drag on for a whole new memecoin season, Solana’s comeback is remarkable. As tokens soar and traders flock to its stability, this blockchain’s momentum is blazing, cementing its role as a crypto powerhouse.

Learn more: ETH Price Prediction in April

The post $36M Solana Inflow: Millions Surge into the Ecosystem appeared first on NFT Evening.

How ZKsync Lost $5M in a Flash?

The breach was as swift as it was devastating. ZKsync’s security team revealed that an admin account, tied to three airdrop distribution contracts, was compromised. Address 0x842822c797049269A3c29464221995C56da5587D was considered the attacker, exploiting the sweepUnclaimed() function to mint 111 million ZK tokens—worth $5M—straight from the airdrop reserve.

Source: X

This incident, though isolated to the airdrop contracts, inflated the token supply by 0.45%, causing a 15-20% price drop in ZK within hours. While the core protocol and user funds remained untouched, the attacker still holds most of the stolen funds, prompting ZKsync to coordinate recovery efforts with Security Alliance and exchanges.

Source: TradingView

The community, however, isn’t buying the “isolated incident” narrative, with many questioning the platform’s security practices and transparency.

“Most Funded Layer-2” Title: Does ZKsync’s Performance Match the Hype?

ZKsync: A Layer-2 Giant in Theory

ZKsync actively leads Ethereum’s layer-2 ecosystem, utilizing zero-knowledge rollups to deliver low-cost, high-speed transactions while adopting Ethereum’s robust security. Since its inception, ZKsync has attracted significant funding, positioning itself as a go-to scaling solution for DeFi platforms, NFT marketplaces, and more. Its promise of scalability and interoperability has made it a darling of investors, with millions poured into its development. But recent events have cast a shadow over its reputation, raising the question: is ZKsync living up to its “most funded layer-2” title?

The Airdrop Fiasco: Community Backlash and Broken Trust

ZKsync’s troubles didn’t start with this hack. The project’s token airdrop, launched in June 2024, faced fierce criticism for its “unfair” distribution. Only 17.5% of the 21 billion token supply was allocated to early users, while 33.3% went to the team and investors.

ZKsync Tokenomics – Source: Cryptorank

Community members, expecting a more equitable share, accused ZKsync of favoring insiders. Additionally, others complained about the blurred conditions from ZKsync for eligible airdrops, while their volume and transaction history all met the criteria. The lack of anti-Sybil filtering allowed “farmers” to game the system, further fueling outrage. Projects like zkApes and Element NFT even formed coalitions to demand better token allocation, but ZKsync’s response fell short, leaving many users disillusioned long before this latest hack.

ZKsync’s Performance: TVL and Token Price in Freefall

The fallout from the hack has only worsened ZKsync’s already shaky performance. According to DeFiLlama, ZKsync’s total value locked (TVL) plummeted to $128M following the airdrop controversy in 2024, down from a peak of $196.55M in July 2023.

Source: DefilLama

Recently, ZKsync canceled its Ignite program, which significantly reduced the potential and motivation for ZKsync’s developers. The recent hack exacerbated this decline, with users pulling funds amid fears of further vulnerabilities. The ZK token hasn’t fared much better—after the breach, its price dropped 15-20%, falling to $0.040 before a slight recovery to $0.047. Compared to competitors like Polyhedra, which now boasts twice ZKsync’s fully diluted valuation (FDV), ZKsync’s market dominance is waning.

Once a prominent player in the layer-2 space, ZKsync now confronts the challenging task of regaining trust and stabilizing its ecosystem.

Read more: ZKsync Canceled Ignite Program

Final Thoughts: Can ZKsync Bounce Back?

This week started with a series of crypto breaches, from Mantra rug pull and KiloEx Vault being attacked to the ZKsync hack. It is a stark reminder of the vulnerabilities even the most hyped projects face in the crypto world.

ZKsync’s inability to secure its admin keys, coupled with ongoing community discontent, paints a troubling picture for its future. While the team is taking steps to recover the stolen funds and bolster security, the damage to its reputation may be harder to repair. For now, the title of “most funded layer-2” for ZKsync feels more like a hollow crown than a mark of honor. Will it rise from the ashes or become another cautionary tale in the volatile world of crypto? Only time will tell.

The post Terrible Start of Week: ZKsync Faces Devastating Hack appeared first on NFT Evening.

Listing Details

• Token name: INIT (Initia)
• Pre-market open date: 2025-04-16 06:30 (UTC)
• Capped funding rate: +2.00% / -2.00%
• Maximum leverage: 5x

Do note that INIT is only able to be traded on the perpetual contract of the pre-market on Binance.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

About Initia (INIT)

Initia is an innovative blockchain project, aiming to address multichain fragmentation and simplify decentralized application (dApp) development. Built on the Cosmos SDK, Initia integrates Layer 1 (L1) and Layer 2 (L2) technologies to create a scalable, interoperable ecosystem called the “Interwoven Economy.” Its architecture supports multiple virtual machines (MoveVM, WasmVM, EVM) and enables developers to launch application-specific rollups, known as Minitias, with rapid block times (500ms) and high throughput (10,000 TPS).

Learn more: Initia Price Prediction: Pre & Post-TGE Pathway

Backed by major investors like Binance Labs, Delphi Ventures, and Hack VC, Initia has raised over $24 million to advance its vision of a unified multichain network.

The native token, $INIT, is central to the ecosystem, serving multiple functions. It covers transaction fees across L1 and L2 and supports staking for network security and rewards. Besides, it also acilitates governance through voting, and provides liquidity via the Enshrined Liquidity model.

Initia allocates 5% of its 1 billion token supply (50 million INIT) for an airdrop to reward early testnet participants, community contributors, and ecosystem partners. Initia’s mainnet launch, expected in 2025, aims to drive scalability and developer adoption.

The post Binance Will List Initia (INIT) on Pre-market Future Contract appeared first on NFT Evening.

Incident Details

Early on April 15, 2025, Binance was one of the first to acknowledge the problem via an X post at approximately 08:05 UTC. Binance stated, “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center”. 

Source: Binance

Trading activities were partially disrupted, with some orders failing while others succeeded. Binance advised users to retry failed orders, a practical measure given the intermittent success of transactions. 

Moreover, to keep users safe and mitigate potential risks, Binance took the precautionary measure of suspending withdrawal services at 08:07 UTC, as announced in the same post. 

Learn more: Binance vs Binance US: What are the Key Differences?

Root Cause: AWS Connectivity Issues

The disruptions stemmed from AWS connectivity issues, affecting EC2 instances in the Asia-Pacific Northeast region (AP-NORTHEAST-1), said AWS at 8:15 UTC. An issue caused the interruption of primary and secondary power to the affected EC2 instances. 

Source: AWS Service Health

Meanwhile, AWS is a critical provider of cloud computing services, hosting the infrastructure for many cryptocurrency exchanges, including Binance. This outage caused immediate impacts, as platforms like Binance rely on AWS for seamless operation.

Swift Response: Service Restoration and Recovery

Binance’s response was so quick, working closely with AWS to address the issue. By 8:16 UTC, the platform announced recovery efforts were underway, with all services starting to resume and withdrawals reopened. The platform’s X posts from earlier in the day, combined with the absence of recent outage-related updates, suggest that services had stabilized, though some delays might still be experienced as the system fully recovers.

However, the AWS data center issue experienced earlier today presented temporary hurdles for users of Binance and other cryptocurrency exchanges. Although the issue was resolved quickly, this incident serves as a significant reminder of the crypto industry’s reliance on centralized cloud infrastructure and may facilitate further discussions about the decentralized infrastructure narratives.

The post AWS Outage Hits Binance, Services Now Recovered appeared first on NFT Evening.

What began as a promising real-world asset (RWA) tokenization project quickly turned into a cautionary tale of market manipulation, questionable practices, and shattered trust. This article delves into the $OM crash, its underlying red flags, and the broader implications for the crypto space.

Mantra Dump – A Single Candle Wipes Out $6 Billion Overnight

About Mantra

Mantra is a Layer 1 blockchain focused on tokenizing real-world assets (RWAs) with a security-first approach, built on the Cosmos SDK for institutional use. Its $OM token, launched in 2020, drives governance, staking, and transactions. Centralized exchanges like Gate.io, OKX, and Binance listed $OM, enhancing liquidity through pairs like OM/USDT. The token soared to an all-time high of $6.30 in early 2025, skyrocketing 500x from its low, fueled by market hype and FOMO, though later investigations tied its rise to speculative manipulation.

Historic Collapse

On April 14, the $OM token experienced one of the most dramatic crashes in recent crypto history, plummeting over 90% in a single day. The token, which had been trading at around $6.30 just a day earlier, collapsed to a low of $0.40, reducing its market capitalization from nearly $6 billion to a mere $683 million. This sudden drop triggered over $74.7 million in liquidations, with some individual positions losing more than $1 million each.

Source: Coinmarketcap

The crash was so severe that it erased years of gains for $OM holders, many of whom had been drawn in by the token’s meteoric rise of over 500x from its all-time low. Many investors suspected that this was a rug pull and manipulation from Mantra’s team, which similarly occurred in the LUNA case before.

The similar case of LUNA’s crash – Source: TradingView

Additionally, the community uncovered a notable connection between the $OM token crash and Laser Digital, which made a strategic investment in Mantra in May 2024. Two of the 17 wallets linked to the incident were allegedly tied to Laser Digital. However, the organization quickly denied any involvement, refuting claims of interference in the matter.

2-linked wallet address from Laser Digital – Source: Arkham Intelligence

Whispers of a Shocking Rug Pull Scheme

John Patrick Mullin, the co-founder of Mantra, immediately refuted any allegations of internal manipulation or rug pull. He attributed the collapse to “reckless forced closures initiated by centralized exchanges on OM account holders,” claiming that these actions occurred without sufficient warning or margin calls. The Mantra team insisted that their token allocations remained locked and verifiable on-chain, and they were actively investigating the incident to uncover the true cause of the crash.

Sherpas, OMies, and broader crypto community,

First off, the team and I greatly appreciate the support that we have received over the past several hours, which we believe is a testament to the strong support MANTRA has among its investors and community.

We have determined that…

— JP Mullin (, ) (@jp_mullin888) April 13, 2025

However, crypto investigator ZachXBT raised serious doubts about the official narrative. He pointed to two individuals allegedly tied to the Mantra incident: Denko Mancheski, the founder of Reef Finance, and a user named Fukugo Ryoshu. According to him, these individuals had been reaching out to multiple parties in the days leading up to the crash, seeking massive loans against their $OM holdings. This revelation fueled speculation of coordinated market manipulation, especially given Reef Finance’s own history of similar incidents, including a Binance delisting in October 2024 and an $80 million OTC deal with Alameda in 2021.

Read more: Mantra Disastrous Meltdown: $5.5 Billion Vanishes Overnight in Collapse Echoing Luna Disaster

The impact on the community and investors was devastating. Many users lamented the loss of $15 million and declared the industry a “scam.” Others accused the Mantra and Binance teams of orchestrating a liquidity exit. The crash obliterated financial portfolios and eroded trust in the RWA tokenization sector, raising broader questions about market stability and the integrity of centralized exchanges.

Red Flag Surrounding the Mantra Project and $OM Token

While some may have perceived the $OM crash as sudden, a closer examination of the Mantra project reveals a series of warning signs that had been building for some time. These warning signs paint a troubling picture of a project that may have been built on shaky foundations.

Suspected Team and Mantra Project Itself

First, market analysts discovered that the Mantra team controlled an alarming 90% of the token’s circulating supply. This extreme concentration of ownership gave the team significant control over the token’s price and liquidity, making it highly susceptible to manipulation. In the crypto space, such a structure often raises concerns as it enables insiders to orchestrate pumps and dumps, which can negatively impact retail investors.

The team behind Mantra DAO also has a controversial history. Reports have surfaced that some team members participated in fraudulent Initial Coin Offerings (ICOs) during the 2017 crypto boom, while others were linked to operating a casino—a detail that raised eyebrows in the community. Additionally, Mantra DAO has faced legal scrutiny in the past for failing to provide transparent financial reports, further eroding trust in its operations.

Another point of concern was Mantra’s handling of a planned airdrop. The project had announced a 50 million $OM airdrop as part of its Gendrop program, but just before the distribution, the team banned 50% of participants, claiming they were bots—without providing a clear explanation. The team subsequently delayed the airdrop, leaving many users frustrated and suspicious of the team’s intentions. Compounding this, Mantra quietly altered its tokenomics without proper communication, a move that further fueled distrust.

Massively Over-valued and Overhyped $OM Token

Rumors also circulated that the project had sold large OTC deals to investors at prices 50% below the market rate, a practice that could have allowed insiders to offload tokens while artificially inflating the token’s price. This ties into another glaring issue: the disconnect between $OM’s valuation and its fundamentals.

Prior to the crash, $OM had a fully diluted valuation (FDV) of approximately $10 billion, yet its total value locked (TVL) was a mere $4 million. This stark disparity shows that market manipulation, FOMO, and speculative narratives massively overhyped the token, rather than genuine demand driving its value. The price, which had surged over 500x from its all-time low, was fragile and prone to collapse due to the lack of real buying pressure.

Source: DefilLama

When the crash finally occurred, $OM’s valuation plummeted by nearly $6 billion, but the TVL only declined by just over $1 million. This observation raises a critical question: did the TVL in Mantra’s ecosystem genuinely reflect user activity, or did the project artificially inflate it? The suspiciously small TVL decline compared to the massive valuation loss indicates that the team may have manipulated the ecosystem’s activity to falsely suggest adoption and value.

The involvement of figures like Denko Mancheski, who has a history of market manipulation with Reef Finance, only adds to the suspicion. Reef itself experienced a similar pump-and-dump cycle, surging 650% before crashing 64% after a Binance delisting in 2024. The parallels between Reef and Mantra, coupled with ZachXBT’s findings, suggest that $OM’s rise and fall may have been orchestrated by experienced manipulators who exploited retail investors’ trust and FOMO.

Conclusion

The $OM token crash highlights the risks in crypto, especially in hyped projects lacking transparency. Despite Mantra’s denials, red flags like concentrated token ownership, a shady team history, and suspicious deals cast doubt. This saga stresses the need for investor diligence in a hype-driven market and calls for better regulation and safeguards as the industry matures.

The post $OM Token Historic Collapse Unveiled appeared first on NFT Evening.

The Hack That Exploited an “Unthinkable” Flaw

The KiloEx Vault hack unfolded in the early hours of April 14, 2025, when Web3 security firm Cyvers Alerts detected a series of suspicious transactions across several blockchains, including BNB Smart Chain, Base, and Taiko.

7M HACK ALERTOur system has detected multiple suspicious transactions involving @KiloEx_perp across several chains.

An address funded via @TornadoCash has executed a series of exploitative transactions on the $BNB, $Base, and $Taiko chains — accumulating approximately $7M in… pic.twitter.com/od4UTsSrXs

— Cyvers Alerts (@CyversAlerts) April 14, 2025

The attacker, using a wallet funded through Tornado Cash, exploited a critical flaw in KiloEx’s oracle system, which is responsible for providing accurate asset price data to smart contracts. According to Cyvers, the vulnerability stemmed from an access control issue that allowed the hacker to manipulate asset prices, specifically the ETH/USD pair. The hacker opened a position with a fabricated ETH/USD price of just $100, then closed it at an inflated $10,000, pocketing a staggering $3.12 million in a single transaction.

PeckShield estimated the total losses at $7.5 million, with $3.3 million stolen from Base, $3.1 million from opBNB, and $1 million from BNB Smart Chain.

Example of a transaction of ETH from hacker – Source: Basescan

Chaofan Shou, co-founder of on-chain analytics platform Fuzzland, explained that the oracle’s access validation mechanism failed to verify the original transaction initiator, despite requiring a “trusted forwarder.” Therefore, this hacker can assess and change the oracle price from the smart contract. 

This oversight is likened to checking a delivery person’s identity but not the sender’s. Also, it created a severe exploit opportunity that many in the industry had assumed was “unthinkable” for a platform of KiloEx’s caliber.

Swift Response from the KiloEx Team

KiloEx responded promptly to the attack, confirming that its Vault tool had been compromised via the wallet address 0x00fac92881556a90fdb19eae9f23640b95b4bcbd. The team immediately suspended all platform operations to prevent further losses and urged ecosystem partners to blacklist the attacker’s wallet. To trace the stolen funds and mitigate damage, KiloEx partnered with BNB Chain, Manta Network, and leading security firms such as Seal-911, SlowMist, and Sherlock.

Update on the KiloEx Vault Exploit

We are actively collaborating with BNB Chain, Manta Network, and leading blockchain security partners—including Seal-911, SlowMist, and Sherlock—to investigate the recent KiloEx Vault exploit and trace the stolen assets.

Our joint…

— KiloEx (@KiloEx_perp) April 14, 2025

The team also revealed that the hacker was using cross-chain tools like zkBridge and Meson to transfer the stolen assets, complicating efforts to freeze the funds. KiloEx reached out to these platforms to halt ongoing transactions and announced plans for a bounty program to incentivize the return of the stolen assets. Additionally, the project committed to releasing a detailed report to ensure transparency with the community, acknowledging the severity of the incident and their responsibility to address it.

Despite these efforts, the use of cross-chain tools by the attacker posed significant challenges to the recovery process, leaving the outcome uncertain.

Severe Impact of $KILO Price and Investors

The fallout from the KiloEx hack was immediate and severe, particularly for the platform’s community and investors. The KiloEx token, KILO, which had launched at a peak price of $0.153 on March 27, 2025, plummeted by 31.9% within 24 hours of the hack, dropping to $0.035. This decline slashed the token’s market capitalization from $11 million to $7.5 million, erasing nearly 78% of its value since launch. The sharp drop reflected a significant loss of investor confidence, as many questioned the platform’s security measures and long-term viability.

Source: TradingView

The broader DeFi community also felt the ripple effects of the incident. Many users expressed frustration and concern, calling the hack a “wake-up call for DeFi projects to prioritize security.”  The use of cross-chain tools by the hacker amplified fears about vulnerabilities in multi-chain architectures, as the stolen funds remained difficult to trace.

This Vault hack also echoes a similar incident on Hyperliquid, where a whale exploited liquidation to profit $6.2 million in March 2025. Both events highlight a growing concern within the DeFi community about the security of vault mechanisms and oracle pricing on decentralized exchanges (DEXs). The KiloEx exploit manipulated ETH/USD prices, while Hyperliquid’s whale took advantage of the volatile JELLY token, revealing how easily oracles can be gamed to distort asset values. These incidents underscore a broader fear: without robust oracle systems and stricter vault protocols, DEXs remain vulnerable to sophisticated attacks, potentially eroding trust in DeFi’s promise of decentralized security.

Read more: Recap of the Price Manipulation in Hyperliquid

Conclusion

This incident not only damaged KiloEx’s reputation but also raised broader concerns about the security of DeFi platforms, particularly those operating across multiple blockchains. As a result, the event may slow the adoption of similar protocols, with investors likely to approach new projects with increased caution. This event underscores the urgent need for improved security measures, particularly in oracle systems and cross-chain protocols, to protect users and restore confidence in decentralized finance.

The post Hackers Exploited $7.5 Million from KiloEx Vault DEX appeared first on NFT Evening.

How to Join the Event

Time Allowed for this Campaign

The general time for this campaign is from April 7 to May 4, 2025 with the detailed milestones for each activity as below:

• The competition kicked off on April 13, 2025, at 23:00 UTC and wrapped up on May 4, 2025, at 22:59 UTC.
• Team leader registration for sharing 20% of the team prize pool closed on April 13, 2025, at 15:29 UTC
• Meanwhile, team members can join until May 4, 2025, at 15:55 UTC.
• Don’t miss the lucky draw from May 4 to May 7, 2025!

Source: MEXC

Steps to Join

To join and receive up to 500,000 USDT in the prize pool, users need to follow these steps:

• Sign up on MEXC and ensure your Futures wallet has at least 100 USDT (excluding bonuses).
• Join or create a team—public or private—before May 4, 2025, 23:59 UTC.
• Trade Futures pairs (non-zero fee rates, excluding stablecoin pairs like USDCUSDT).
• Rack up trading volume (minimum 200,000 USDT for team rewards, 20,000 USDT for solo).

• Reach a 0-fee trading volume of 30,000 USDT, and a standard-fee trading volume of 30,000 USDT
• Do Futures trades equivalent to 50,000 USDT
• Do Spot trades equivalent to 50,000 USDT
• Do Futures Trading Volume Task equal to several milestones: 300,000 USDT, 600,000 USDT, 1,000,000 USDT,

• Daily Trading Volume Ranking: Top 200 users trading at least 4,000,000 USDT receive rewards based on percentage allocation.
• Individual PNL Ranking: Top 100 users share 10% of the 10,000,000 USDT total prize pool.

MEXC Referral Code

Claim 8,000 USDT Sign-Up Bonus

Code Valid: May 2025

Copy

Claim Reward

Terms and Conditions

Here’s the juicy stuff—prizes and rules to keep it fair:

• Prizes:
  • Total pool scales with participation: 2M USDT unlocked now, up to 10M USDT if 200,000 users join!
  • Team PNL Rate: Top 10 teams split 500,000 USDT (e.g., 1st place gets 100,000 USDT).
  • Mystery Fragments: Forge boxes for up to 800,000 USDT in random rewards (max 7,777 USDT per box).
  • Leaderboard Battle: Top solo traders share 700,000 USDT based on daily volume and PNL.
  • Loyal users can grab up to 100 USDT in bonus rewards!
• Rules:
  • Teams need at least 10 members; fewer, and you’re reassigned.
  • No team-switching after registration closes.
  • Only Futures trades with fees count; wash trading or multiple accounts lead to disqualification.
  • Rewards (USDT bonuses/vouchers) are valid for 7 days and distributed within 3 days post-event.
  • KYC isn’t required for most rewards, except the “Returning User Gift Pack.”
  • MEXC can tweak rules or boot cheaters—full terms.

About MEXC

The post MEXC 7th Anniversary: Celebrate, Trade & Earn Big! appeared first on NFT Evening.

Launched on January 18, 2025, by then President-elect Donald Trump, $TRUMP is a Solana-based memecoin promoted as a digital asset embodying “community values and winning.” Leveraging Solana’s high-speed, low-cost infrastructure, it quickly gained traction among new crypto investors, particularly those entering the altcoin market for the first time.

It was listed on major exchanges like Binance, Coinbase, and Robinhood on January 19. Following its debut, $TRUMP surged to an all-time high (ATH) of $74.59 on January 21, reflecting intense market interest. However, it has since faced volatility, dropping significantly from its peak due to market dynamics and external factors.

TRUMP has already experienced significant price swings since its launch. After peaking at $74.59 on January 21, shortly following its debut, the token has seen a steep decline. As of writing time, $TRUMP has dropped approximately 88% from its all-time high, a trend exacerbated by external factors such as Donald Trump’s tariff announcements recently.

20% Unlock for $TRUMP: Negative Price Impact?

Recent Unlock this Week

This week marks a significant milestone for the $TRUMP meme coin as it gears up for a major unlock event on April 18, 2025.

According to a recent update from Cointelegraph, 40 million $TRUMP tokens—equivalent to 20% of its current circulating supply—will be released into the market. This amount is equal to approximately $330 million based on current prices.

Source: Tokenomist

This unlock is part of a structured release plan, with the next unlock events occurring over the next 24 months, aiming to unlock the remaining 80% of the total 1 billion tokens (currently locked). Such a substantial influx of tokens will likely increase market supply, potentially exerting downward pressure on the token’s price unless demand surges to match the new availability.

Historically, token unlocks have often led to volatility, as investors may sell off to secure profits, especially in the speculative meme coin space.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Political Memecoins and Price Manipulation Risk

The $TRUMP unlock event also reignites broader concerns about the risks associated with political meme coins. These tokens, often tied to high-profile figures, are particularly susceptible to market manipulation and rug pulls—scams where creators artificially inflate a token’s value before abandoning the project and absconding with investors’ funds.

CIC Digital LLC, a Trump Organization affiliate, and Fight Fight Fight LLC, a recently anonymously owned incorporated business from Delaware, hold 80% of $TRUMP tokens, though the split between them remains unnamed. This action has sparked debates about transparency and potential foreign influence in the memecoin market. Critics argue that such allocations could enable price manipulation, highlighting the need for stricter regulatory oversight in this volatile sector.

A parallel example in the political meme coin space is the $MELANIA token, launched on January 19, 2025, which also undergoes an unlock event this week.

Source: Tokenomist

Similar to $TRUMP, $MELANIA has attracted significant attention but has not been without controversy. Earlier this year, the token faced allegations of market manipulation, along with meme coin LIBRA, after security firm F.A.C.C.T. uncovered over ten fake websites targeting $MELANIA investors, leading to substantial losses for some. The incident underscores the vulnerability of politically themed meme coins to scams, as their hype-driven nature often makes them prime targets for fraudsters exploiting investor enthusiasm.

1/ How $LIBRA was created by the same team behind MELANIA and other short-lived coins

Featuring new onchain evidence

A thread with Coffeezilla ↓ pic.twitter.com/gNwj97KapF

— Bubblemaps (@bubblemaps) February 17, 2025

Read more: Political Memecoins: A Repeating Pattern of Boom and Bust

As the April 18 unlock approaches, $TRUMP holders are bracing for potential price fluctuations. While the token’s strong community support—bolstered by Trump’s political following—may cushion some of the impact, the broader memecoin market remains a high-risk arena. Investors should approach with caution, diversifying their portfolios and staying vigilant for signs of manipulation or scams, as the political meme coin trend continues to evolve.

The post Huge $TRUMP Memecoin Supply is about to Unlock appeared first on NFT Evening.

CryptoPunks Under Fire: Taxes and Massive Drops

A recent scandal has rocked the CryptoPunks community. Waylon Wilcox, a Pennsylvania investor, admitted to dodging $3.3 million in taxes on $13 million in profits from selling 97 CryptoPunks between 2021 and 2022. This guilty plea marks the first U.S. criminal case linking NFTs to tax evasion, signaling tighter scrutiny of digital asset gains. Wilcox now faces up to six years in prison—a stark warning to investors navigating the murky waters of crypto wealth.

GUY MADE $13M FLIPPING PIXELATED NFTS—TOLD THE IRS “LOL, NEVER HEARD OF CRYPTO”

Waylon Wilcox, 45, of Pennsylvania, pleaded guilty to hiding over $13 million in profits from flipping 97 CryptoPunks NFTs—reporting nothing to the IRS in 2021 and 2022.

But when tax time came?… pic.twitter.com/RJACf8z6IU

— Mario Nawfal (@MarioNawfal) April 12, 2025

Meanwhile, CryptoPunks’ market performance tells a story of extremes. The collection’s trading volume surged 95% to $163 million, with floor prices climbing past $100,000, cementing its status as a blue-chip NFT.

Source: NFT Price Floor

Yet, not every transaction spells success.

CryptoPunk #3100, a rare Alien Punk, sold for 4,000 ETH ($6 million) in April 2025. This move witnessed a $10 million loss from its $16 million purchase (4,500 ETH) a year earlier. The drop reflects a 57% decline in ETH’s value, costing the seller 500 ETH and millions in USD. Facilitated by Fountain, the transaction likely involved a major investor, as the buyer’s wallet received funds from a Coinbase Prime address. Despite Alien Punks’ dominance in high-value sales, CryptoPunks’ floor price fell 44% to $65,373, signaling a steep decline from their 2021 peak. Such swings highlight the fine line between fortune and failure in the NFT space.

The NFT Landscape in 2025: Risks and Rewards

The narrative around NFTs in 2025 blends caution with opportunity. While scandals and losses dominate discussions, some investors are quietly capitalizing on market trends. A standout case from the first quarter of 2025 illustrates how strategic moves can yield impressive returns.

Consider the Pudgy Penguins, a collection that has risen to prominence through clever branding and community buzz. In January 2025, an investor purchased a rare Pudgy Penguin for 15 ETH—equivalent to $24,000 at the time. By April, that same NFT sold for 50 ETH, delivering an $80,000 profit in three months. The surge stemmed from Pudgy Penguins’ savvy marketing, including exclusive merchandise and a viral TikTok campaign that boosted its cultural cachet.

Source: NFT Price Floor

A comparable case of NFT collection performance in 2025 involves the Doodles collection. It saw a remarkable gain driven by strategic partnerships and community engagement. In February 2025, an investor acquired a rare Doodle NFT for 10 ETH, approximately $18,000 at the time. By April, the same NFT sold for 35 ETH, yielding a $45,000 profit in two months. The surge was fueled by Doodles’ collaboration with a major fashion brand for limited-edition apparel and a viral augmented reality campaign on social media, enhancing its mainstream appeal.

Source: Open Sea

Unlike CryptoPunks’ turbulent ride, these cases show how smaller, community-driven collections can offer steady gains for those who spot potential early. This success reflects broader trends in the NFT market. Solana-based projects are gaining traction, while Ethereum giants like CryptoPunks maintain their allure.

The post CryptoPunks Chaos: Tax Scandals and Massive Losses appeared first on NFT Evening.

About Mantra, it’s a Layer 1 blockchain project with OM as its native token. In February 2025, OM experienced a parabolic rally, surging from $5 to a peak of $8.99.

From Asia’s Promising Project to a Luna-Style Meltdown

According to data from CoinMarketCap and TradingView, OM began to plummet from $6.33 on the evening of April 13 to around $0.40 in less than two hours— a nearly 94% drop.

As a result, Mantra’s market capitalization evaporated by nearly $5.5 billion, falling from $6 billion to just $500 million.

“I haven’t seen a crash of this speed and scale since the LUNA collapse,” one trader commented on X.

OM crashed in 2 hours – Source: CoinGecko

On-chain data revealed that a personal wallet transferred approximately 3.9 million OM tokens to the OKX exchange just before the crash occurred. The community now suspects the wallet belongs to an insider from the project.

Additionally, according to a report from BeInCrypto, the Mantra team was involved in undisclosed over-the-counter (OTC) transactions, allegedly selling tokens at discounts of up to 50% compared to market prices.

“MANTRA has a highly centralized token distribution structure, with over 85% of the total supply held by the team and strategic investors. An internal sell-off could easily trigger a domino effect,” Lookonchain commented.

Who dropped the price of $OM?

Before the $OM crash(since Apr 7), at least 17 wallets deposited 43.6M $OM($227M at the time) into exchanges, 4.5% of the circulating supply.

According to Arkham’s tag, 2 of these addresses are linked to Laser Digital.

Laser Digital is a strategic… pic.twitter.com/zB8yAPRPSO

— Lookonchain (@lookonchain) April 14, 2025

The incident sparked strong backlash against the Mantra team. Some social media users began digging into the team’s past, pointing out that WuBlockchain had previously warned that certain key members of the project were allegedly linked to the online gambling platform 21Pink.

WuBlockchain warned the risk of MANTRA DAO in 2021. It is composed of several core members of the online gambling platform 21Pink. OM once falsely claimed to have received FTX investment but FTX later denied the information. https://t.co/N1SeACx7A5

— Wu Blockchain (@WuBlockchain) April 14, 2025

There were also claims that MANTRA once stated it had received investment from FTX, a statement later publicly denied by the now-defunct exchange.

“Not Our Fault”: Mantra Points at Exchanges After 94% OM Collapse

Shortly after OM’s dramatic plunge, Mantra co-founder John Patrick Mullin issued a public statement in an attempt to calm the community. 

Posting on his personal account, Mullin firmly denied any involvement from the core team, the MANTRA Chain Association, or internal investors in the sell-off. He emphasized that all tokens remain locked under the publicly disclosed vesting schedule and that all project-related wallets are fully transparent and trackable.

Mullin claimed that centralized exchanges (CEXes) triggered forced liquidations during a period of low market liquidity—specifically late Sunday UTC.

“The timing and depth of the drop point to an unexpected position closure with no warnings or prior notice. Such an incident highlights a lack of oversight by centralized exchanges and may reflect an intentional attempt to dominate the market,” Mullin stated.

He added “We are actively working with our exchange partners – entities that hold significant control. But when such power is misused, events like this will continue to happen.”

Mantra also announced a community AMA on X to further clarify the incident. The project warned users to avoid clicking on suspicious links, as scammers are attempting to exploit the situation.

Notably, Binance – one of the world’s largest cryptocurrency exchanges and the current listing venue for OM, issued an official statement confirming that it is closely monitoring the ongoing developments surrounding MANTRA. In a notice today, Binance stated that it may suspend trading, delist the token, or apply other risk management measures to protect users if it detects serious violations related to transparency or false listing disclosures.

Given the extreme price volatility, disrupted liquidity, and unresolved concerns, analysts urge investors to trade OM cautiously to avoid unnecessary financial risks.

This dramatic collapse also sparked an unexpectedly ironic twist, dragging a completely unrelated project with a similar name – Manta, into the crossfire. Manta’s co-founder publicly clarified that their project has no affiliation whatsoever with Mantra after confusion spread due to the similar names.

Conclusion

The team attributes the crash to external liquidations, but on-chain activity and OTC deal reports have fueled community skepticism.

With its tokenomics under scrutiny and trust in the project rattled, Mantra’s path forward hinges on transparency, swift communication, and structural reform. It remains unclear whether this marks a temporary setback or signals the start of a deeper unraveling.

Read more: NFTs on Monad Are Exploding: +2,000% Gains in Weeks

The post Mantra Disastrous Meltdown: $5.5 Billion Vanishes Overnight in Collapse Echoing Luna Disaster appeared first on NFT Evening.

The Global Market in Turmoil: U.S.-China Trade War Heats Up

The year 2025 has brought a storm of economic tension, largely driven by the escalating trade war between the United States and China. Following his re-election, Trump has doubled down on his “America First” agenda, announcing sweeping tariffs on imports from multiple countries, with a particular focus on China. These policies have sparked fears of global trade disruptions, with experts warning of a potential breakdown in supply chains.

On April 4, 2025, CNBC reported that Beijing imposed retaliatory tariffs of over 125% on U.S. goods, targeting key sectors like agriculture and fuel. This escalation marks a significant shift from China’s previously moderate responses, with additional measures including adding 11 American companies to its “unreliable entity list” and imposing export controls on 16 others.

The ongoing U.S.-China trade war is no longer just a skirmish—it’s a full-blown economic showdown, with both nations digging in their heels. For the crypto market, which has historically been sensitive to macroeconomic events, this raises the question: how will Bitcoin, the leading cryptocurrency, weather this storm?

A Beacon of Hope: BTC Whales Signal Confidence in the Crypto Market

Amid the uncertainty of the U.S.-China trade war, Bitcoin whales are sending a surprisingly bullish signal to the market. These whales are not selling off their holdings despite the global economic turbulence. Instead, they’re accumulating more BTC, a behavior that mirrors their actions during the sideways market of August–September 2024, as noted in the same analysis.

The Actions of BTC Whales

CryptoQuant’s Exchange Whale Ratio, which measures the proportion of the top 10 inflows to total exchange inflows, has remained low, indicating minimal selling pressure from these large holders.

Data of Bitcoin Exchange Ratio – Source: CryptoQuant

The present situation is a significant departure from what we might expect during a crisis. Historically, whales have been known to exit the market ahead of major downturns. For instance, during the 2020 COVID-19 pandemic crash, whales distributed their holdings before Bitcoin’s price plummeted from $10,000 to below $4,000 in March 2020. Their early exit preceded a sharp drop, demonstrating their ability to anticipate market shifts.

However, in 2025, despite the trade war fears, these whales are holding firm and even increasing their positions.

What This Means for the Market

The accumulation by BTC whales is a powerful signal for the crypto market, particularly for retail investors who often look to these large players for cues.

When whales hold or buy more Bitcoin, it suggests they believe in the asset’s long-term value and expect prices to rise. This behavior can have a calming effect on the market, reassuring smaller investors who might otherwise panic-sell during periods of uncertainty.

Historical Context

Comparing the current situation to past crises provides further insight. During the COVID-19 crash, whales sold off their holdings, signaling a lack of confidence in Bitcoin’s short-term prospects. In contrast, their current accumulation suggests that they view the trade war as a temporary correction within a broader bull cycle, rather than a structural crisis.

Furthermore, many experts suggested that the trade war fears are a “manufactured crisis” rather than a genuine economic collapse —as is COVID-19. The fact that whales are not exiting, unlike in 2020, indicates that they see this as an opportunity to buy the dip, expecting a recovery once the trade tensions subside.

What Lies Ahead for Bitcoin? A New Era of Stability and Growth

As the U.S.-China trade war continues to dominate headlines, the future of Bitcoin looks increasingly promising, thanks to the confidence displayed by whales and broader market trends.

Maintaining Dominance in the Crypto Space

Bitcoin remains the undisputed leader in the cryptocurrency market, with its dominance (BTC.D) holding strong. Despite the rise of altcoins, Bitcoin’s market share has been bolstered by growing institutional adoption and supportive policies under the Trump administration. Trump’s pro-crypto stance, including the creation of a Bitcoin task force and proposals for a national crypto reserve, has further solidified Bitcoin’s position as the go-to digital asset. The accumulation by whales only reinforces this dominance, as their confidence signals to the market that Bitcoin is here to stay as the top cryptocurrency.

Source: TradingView

Evolving Beyond a “Risky Asset”

Historically, Bitcoin has been labeled a “risk asset,” often correlated with speculative markets like tech stocks. However, the current market dynamics suggest that Bitcoin is shedding this reputation and emerging as a reliable store of value, akin to gold. Several analyses predict that once the trade war fears subside, both the U.S. Federal Reserve (FED) and China will resume quantitative easing (QE) to stimulate their economies.

This influx of liquidity is expected to benefit assets like gold first, followed by Bitcoin, which is increasingly considered “digital gold.” Many researchers support this view, noting that while Bitcoin may not be a safe haven during crises, it can act as a diversifier in certain circumstances, particularly as a hedge against inflation.

The fact that whales are accumulating rather than selling aligns with this bullish outlook, suggesting that Bitcoin could see significant gains once global economic conditions stabilize.

Read more: Bitcoin Plunges Amid Fallout from Trump’s Tariff Policy

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Trump is Ready to Negotiate with China within Commercial Statements

Conclusion

BTC whales’ confidence amidst the U.S.-China trade war offers a positive signal for investors. By holding and accumulating, they suggest Bitcoin will weather the storm and emerge stronger, potentially as a leading store of value in the post-crisis economy. For now, the message from the whales is clear: stay the course—better days are ahead for Bitcoin.

The post BTC Whales Declined Outflow Amid Trade War Escalation appeared first on NFT Evening.

Listing & Token Details

Three tokens will be available from spot trading since 2025-04-11 14:00 (UTC).

• ONDO Contract: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 (Blockchain Ethereum)
• BIGTIME Contract: 0x64Bc2cA1Be492bE7185FAA2c8835d9b824c8a194 (Blockchain Ethereum)
• VIRTUAL Contract: 0x44ff8620b8cA30902395A7bD3F2407e1A091BF73 (Blockchain Ethereum)

Trading pairs: ONDO/USDT, ONDO/USDC, BIGTIME/USDC, BIGTIME/USDT, VIRTUAL/USDT and VIRTUAL/USDC.

The listing winners are the results of the outnumber from the eligible voting program generated by Binance Exchange on April 3.

Learn more: Binance Launched 2nd “Vote to List” Batch

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

Immediate Price Reaction

After the news, 3 following tokens jumped rapidly, indicating the increase of 5% for ONDO, 15% for VIRTUAL and up to 30% for BIGTIME.

Immediate Price Reaction from ONDO – Source: CoinGecko

About the Listed Projects

Ondo Finance

Ondo Finance, a decentralized financial platform, actively bridges the crypto industry and traditional banking institutions. It operates on the Ethereum blockchain and features its native coin, ONDO. By tokenizing premium real-world securities like government bonds, treasury notes, and other reliable collateral, it provides a distinctive approach.

Big Time

Big Time is a free multiplayer action role-playing game that combines a time-travel plot with fast-paced combat. As they battle foes and gather loot like weapons, armor, and cosmetics, players collaborate to explore dynamically created dungeons in both historical and futuristic settings. Players can own, sell, and create digital collectibles as NFTs in a player-driven economy.

Virtual Protocol

Virtuals Protocol (VIRTUAL) combines blockchain technology and artificial intelligence (AI) to develop, implement, and make money from AI-powered virtual agents, mostly for use in gaming, entertainment, and metaverse applications. By enabling co-owned, profit-generating AI entities that function independently across digital ecosystems, it seeks to revolutionize virtual relationships.

Learn more: What Are Crypto AI Agents? Top 8 AI Agents Tokens 2025

The post Binance Will List 3 Tokens in the Second Vote to List Batch appeared first on NFT Evening.

“Replay of China’s 2021 Bitcoin Mining Ban” from U.S.

In a move many in the industry liken to a “replay of China’s 2021 Bitcoin mining ban,” President Donald Trump and the U.S. administration have imposed tariffs of up to 145% on high-tech equipment imported from China, including Bitcoin mining rigs.

Not only China, but several Asian countries involved in the supply chain and assembly of mining machines will also face elevated tariffs.

Many U.S.-based Bitcoin mining companies rushed to import equipment before the tariffs took effect, with some even chartering private planes to ship mining rigs – incurring costs between 2 million USD and 3.5 million USD, two to four times the usual rate, according to Bloomberg.

Read more: Crypto Market Jumped Back After Trump’s Tariff Delay Bombshell

However, this rush is only a temporary solution. Starting April 9, the price of Bitcoin mining equipment is expected to surge, especially for rigs sourced from China, which still dominates the global supply chain.

“Combined with the pressure from retaliatory tariffs, mining rig prices will rise further, and miners’ profit margins will be increasingly squeezed,” said Csepcsar – CMO of Braiins.

Hashrate index – Source: Thanh Nien Times

Bloomberg also reported that the two largest Bitcoin mining rig manufacturers in the world – Bitmain and MicroBT, have been forced to adjust their supply chains, relocating part of their assembly operations to countries such as Malaysia or Eastern Europe.

Meanwhile, major U.S. mining firms like Riot Platforms and Marathon Digital also saw a slight decline in their stock prices following the news of the new tariffs.

Bitcoin miners – Source: Bloomberg

The U.S. May No Longer Leading the Hashrate Race

This raises the question: Is the U.S. currently accounts for nearly 40% of the global Bitcoin hashrate, pushing itself out of the leading position?

When a country controls a significant share of hashrate, it can:

• Create jobs and contribute to GDP through infrastructure investment, electricity generation, and auxiliary services.
• Utilize surplus electricity, turning mining into a tool for stabilizing the national power grid.
• Attract international investment into sectors like technology, AI, and renewable energy.

Losing this advantage could not only weaken the U.S. domestic mining industry but also diminish the country’s role in the global digital finance ecosystem. Competitors such as Russia and Kazakhstan – both of which enjoy cheap electricity and favorable climates, may gradually reclaim market share.

“If the trade war continues to escalate, regions with low tariffs and favorable conditions could experience a major rise,” said Csepcsar.

Jaran Mellerud from Luxor notes U.S. miners won’t shut down soon, since tariffs affect only new equipment. As such, he believes the total U.S. hashrate hasn’t declined, but its growth has slowed.

A few days ago, Donald Trump introduced massive tariffs on the import of Bitcoin mining machines to the US

This could have enormous implications for the entire bitcoin mining industry

Keep reading to learn more pic.twitter.com/cbg37RNq7n

— Jaran Mellerud (@JMellerud) April 8, 2025

Nevertheless, mounting tariff pressure on Bitcoin miners could impact BTC’s price in the short term.

Bitcoin, sensitive to hashrate shifts, may drop if supply chains break or miners move to unstable regions. Slower hardware investment and unstable supply chains may put downward pressure on BTC in the short term.

Observers caution that rising hashrate in Russia or Kazakhstan may raise risks of policy control and transparency issues.

Conclusion

If the U.S. maintains its current hashrate and supply chains adapt smoothly, BTC could see a modest recovery. Conversely, if the hashrate shifts abroad, particularly to regions with political risk, BTC could see a modest recovery. BTC’s price may continue to decline or become highly volatile.

More broadly, the tariff tensions signal a growing geopolitical tug-of-war over who controls the computational backbone of decentralized finance. Bitcoin hashrate now signals digital sovereignty, not just technical strength. Mining dominance lets nations influence energy, upgrades, and crypto policy—impacts go beyond just price moves.

Read more: Just In: Ethereum Precipitously Fell to the Lowest of 2024-2025

The post Trump Tariffs Drive Miners Out of the U.S. appeared first on NFT Evening.

Trump’s Tariff Delay: What’s the Big Deal?

The Shock of Trump’s Move

Late at night on April 9, 2025, coinciding with the moment when reciprocal tariffs from the U.S against over 180 countries and territories worldwide were set to take effect, U.S. President Donald Trump unexpectedly announced a 90-day delay on these tariffs. The move aims to give nations additional time to negotiate and reach agreements with the U.S.

Trump stated that since the United States announced the retaliatory tariffs on April 2, more than 75 countries worldwide have contacted the U.S. to request dialogue and address issues related to trade imbalances, tariffs, and other non-tariff barriers. In recognition of these efforts, the President declared that he would delay the tariffs for an additional 90 days while imposing only a 10% retaliatory tariff rate during this period.

Source: Truth Social

While China still got slapped with an immediate 125% tariff, the rest of the world breathed a sigh of relief. This wasn’t just a random policy tweak; it was a calculated play that flipped the script on weeks of uncertainty. Investors, who’d been bracing for a trade war nightmare, suddenly saw a lifeline—and they pounced.

Wall Street Goes Wild

The reaction from the financial market was instantaneous. Within 10 minutes of the announcement, U.S. stock markets erupted, with a staggering $4 trillion in market cap flooding back in. If that sounds insane, it’s because it is. For context, a similar “fake news” tariff delay rumor on April 7 had already teased a $5.5 trillion swing in just 30 minutes. 

This time, it was real—and the numbers proved it. By the close of trading on April 9 (U.S. time), the S&P 500 skyrocketed 9.52%—its best day since the 2008 financial crisis. The Nasdaq? The Nasdaq surged by 12.16%, achieving its second-best performance in history. Tech giants like Apple, Tesla, and Microsoft saw their stocks soar past 10% gains, as traders bet big on a friendlier economic outlook.

Source: The Guardian

The announcement wasn’t just a fluke. Trump’s move signaled a temporary truce in the tariff wars, giving businesses and investors a much-needed breather. And while stocks stole the spotlight, the crypto market wasn’t about to sit this one out.

Crypto’s Comeback: Green Candles and Big Wins

This Morning’s Madness

Fast forward to this morning, and the crypto market is a sea of green. Bitcoin BTC blasted off with a 9.01% surge, Ethereum ETH rocketed 14.56%, and Solana SOL climbed 13.9%. The entire market flipped bullish overnight, with altcoins joining the party and pushing the total market cap to dizzying heights.

Source: Coingecko

But the real story lies in the numbers behind the rally. Over the past 24 hours, $527 million in positions got liquidated across the market. Roughly 70% of that came from shorts—bets against the market that got obliterated as prices shot up. Bears got burned, and bulls are feasting. 

Meanwhile, the Crypto Fear & Greed Index doubled from a measly 18 to a solid 39 in a heartbeat. For the uninitiated, this index tracks market sentiment—low scores mean panic, high scores mean euphoria. We’re not at “greed” levels yet, but the shift from “extreme fear” to “neutral” is a screaming signal that confidence is roaring back.

What’s Next for Crypto?

The signals are lining up for a potential bull run. Trump’s tariff delay isn’t just a one-off—it’s a lifeline for risk assets like crypto. Bitcoin’s 9% pump is a strong start, but ETH and SOL’s double-digit gains suggest altcoins could steal the show. Why? Lower tariffs mean less economic pressure, more liquidity, and a happier global market—all ingredients that crypto thrives on. Add in Trump’s past crypto-friendly rhetoric (rumors of a zero-tax trading order are still swirling.

The liquidation data backs this up. With shorts getting crushed, the path of least resistance is upward—unless something major derails the momentum. And that Fear & Greed spike? It’s not at “extreme greed” (75+) yet, which means there’s room to run before the market overheats. If BTC breaks key resistance around $70,000 and ETH holds above $3,000, we could see a full-on rally into Q2 2025.

Of course, it’s not all sunshine. Crypto is notorious for volatility, and a single tweet or policy U-turn could flip the script. But for now, the stars are aligning. Trump’s delay has given markets a shot of adrenaline, and crypto is riding the wave. Whether this is a short-term bounce or the start of a new bull cycle, one thing’s clear: the game’s back on at this time.

Read more: Trump’s Tariff Severe Consequences to Crypto Market

Final Thoughts: A Market Reborn?

Overall, the pressure on financial markets has been lifted following Trump’s latest move—a leader who truly knows how to steal the spotlight.

Trump’s tariff delay has done more than just pause a trade war—it’s unleashed a torrent of optimism across stocks and crypto alike. Wall Street’s record-breaking day on April 9 set the stage, and crypto’s explosive morning on April 10 has kept the fire burning. With billions in shorts liquidated, sentiment flipping bullish, and prices soaring, the question isn’t if the market’s back—it’s how far it’ll go.

For crypto holders, this is a moment to watch closely. Bitcoin’s leading the charge, but altcoins like ETH and SOL are flexing their muscles. If Trump keeps the pro-market vibes flowing, 2025 could be a blockbuster year. 

The post Crypto Market Jumped Back After Trump’s Tariff Delay Bombshell appeared first on NFT Evening.

With a clear strategy, strong technology, and a rapidly growing community, Eclipse is considered one of the most notable Layer 2 projects in the current wave of modular blockchain innovation.

Eclipse Reveals New Details About Upcoming Airdrop and TGE

On April 9, 2025, during an AMA held the previous day, the Eclipse development team announced several key updates regarding its upcoming airdrop, marking a major milestone in the project’s journey to bring a Solana VM-based Layer-2 to the Ethereum community.

One of the main highlights was the confirmation of the Turbo Tap snapshot, which will record eligible user data for the airdrop. The team plans to take the snapshot this week. The team will launch a checker site after completing the snapshot, allowing users to verify their eligibility for rewards.

Eclipse plans to launch and list its native token at the Token Generation Event (TGE) within the next 4 to 5 weeks. This timeline is one of the clearest signs that Eclipse is entering its acceleration phase, finalizing the remaining components before the network goes fully live.

Eclipse team reveal that TGE is coming soon – Image: Eclipse.

Overview of Eclipse

Eclipse is an emerging Layer-2 blockchain built on Ethereum but powered by the Solana Virtual Machine (SVM) for transaction execution. 

The project aims to combine Ethereum’s robust security and deep liquidity with the high-speed, low-cost performance of the SVM – the same technology that made Solana stand out in the world of high-performance blockchains.

Eclipse officially launched its mainnet in November 2024 and has quickly attracted over 60 decentralized applications and integration partners, including notable platforms such as Pinksale Finance, Gecko Terminal, and Invariant. 

According to data from the project’s block explorer, the network has processed more than 20.9 billion transactions, with an average throughput of approximately 1,676 transactions per second (TPS) – highlighting its strong potential to scale Web3 applications.

Eclipse ecosystem.

To date, Eclipse has raised 60 million USD in funding across pre-seed, seed, and Series A rounds, with participation from major venture firms such as Polychain Capital, Tribe Capital, Delphi Ventures, and Hack VC.

Read more: Why Backpack Airdrop Worth $5000?

The post Eclipse Announces Airdrop and TGE Dates appeared first on NFT Evening.

Listing Details

• Launchpool farming period: 2025-04-11 00:00 (UTC) – 2025-04-15 00:00 (UTC)
• Spots listing date: 2025-04-15 11:00 (UTC)
• Available staking tokens for Launchpool: BNB, USDC and FDUSD
• Launchpool Rewards: 40,000,000 WCT (4% of total supply)
• Daily rewards: 10,000,000 WCT

WCT Token Details

• Token: WCT (WalletConnect)—Seed Tags
• Blockchain: Optimism (OP Mainnet)
• Total  Supply: 1,000,000,000 WCT
• Max Supply: 1,000,000,000 WCT
• Circulating Supply: 186,200,000 WCT (18.62% of total supply)
• Smart Contract: 0xeF4461891DfB3AC8572cCf7C794664A8DD927945

Best Launchpool Farming Strategy

• Step 1: Log in to Binance.

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

• Step 2: Go to “Trade,” then “Spot,” and then buy BNB with your preferred stablecoin.

Access to Binance to buy BNB – Source: Binance

• Step 3: Order the best price limit
• Step 4: Go to “Simple Earn,” choose Flexible Staking BNB token to earn $WCT token drop. Tokens from the Launchpool program will be released every hour since the staking process completed.

Choose locking BNB in Simple Earn – Source: Binance

About WalletConnect

An open-source protocol called WalletConnect was created to safely and easily link decentralized apps (dApps) to cryptocurrency wallets. It allows users to utilize their favorite wallets to connect with Web3 applications on other blockchains, usually by deep linking or scanning QR codes.

WalletConnect social accounts:

• X
• Website

The post WalletConnect (WCT) Will be Listed on Binance Launchpool appeared first on NFT Evening.

Binance has just dropped an announcement of its second “Vote to Delist” batch on April 10, 2025. With 17 tokens now in the crosshairs, the crypto world is buzzing.

17 Tokens Under Fire: Who’s Facing the Axe?

Just in, Binance has announced the 2nd batch “Vote to Delist” list of tokens. The second batch of Binance’s Vote to Delist features a diverse lineup of 17 tokens, each flagged with the “Monitoring Tag” for various reasons. Here’s the full list, flipped for suspense, with a peek at what they’re all about:

• PDA (PlayDapp): A blockchain gaming platform aiming to bring digital assets to the masses with interoperable games.
• VOXEL (Voxies): A free-to-play, 3D tactical RPG on the blockchain—fun.
• ALPACA (Alpaca Finance): A lending protocol on Binance Smart Chain offering leveraged yield farming.
• BSW (Biswap): A decentralized exchange on BNB Chain with low fees and a GameFi twist.
• FLM (Flamingo): A DeFi protocol on the Neo blockchain, stacking up decentralized finance tools.
• LTO (LTO Network): A hybrid blockchain for business-to-business solutions—practical.
• WING (Wing Finance): A credit-based DeFi platform focused on digital asset lending.
• NKN: A blockchain-powered network aiming for a decentralized, open internet.
• PERP (Perpetual Protocol): A decentralized perpetual contracts platform using virtual AMMs.
• MBL (MovieBloc): A decentralized platform shaking up movie and content distribution.
• GPS (GoPlus Security): A Web3 security layer protecting blockchain networks—safety first.
• ARDR (Ardor): A multichain blockchain with a parent-child architecture for proof-of-stake fans.
• ARK: A platform letting developers build their own blockchains—innovative, yet at risk.
• STPT (Standard Tokenization Protocol): A network for discovering and using digital assets globally.
• FTT (FTX Token): The utility token of the FTX ecosystem—once a giant, now fighting to stay listed.
• JASMY (JasmyCoin): A data marketplace where IoT users sell their data to businesses—unique, but shaky.
• ZEC (ZCash): A privacy-focused coin using the Equihash algorithm—stealthy.

Source: Binance

Voting kicks off on April 10, 2025, at 04:00 UTC and runs until April 16, 2025, at 23:59 UTC. The stakes are high, and the community’s voice could seal these tokens’ fates.

How the 2nd Batch Vote to Delist Works: Rules of the Game

Binance is calling on users to vote on this second batch via an official post on Binance Square. Investors will be picking from projects tagged as “Monitoring” risks—those flagged for issues like low liquidity or stagnant development.

However, it’s important to note that while votes are important, they are not the final decision. Binance will still run its own review, weighing factors like team commitment, trading volume, network stability, and even community vibes.

Read more: Binance Delist 14 Tokens in First “Vote to Delist” Batch

To vote, you’ll need a verified Binance account with at least 0.01 BNB held throughout the seven-day voting window (April 10, 04:00 UTC to April 16, 23:59 UTC). Each user gets up to five votes—cast them all or just one, your call—but you can only vote once per project. Votes must follow the terms and conditions, or they’re out. Real-time results will pop up on Binance Square, though the final call rests with Binance’s internal process.

What happens to the tokens that were previously delisted? They’re off the table. Get ready to shape the crypto landscape!

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more

What’s Vote to Delist All About?

Binance’s Vote to Delist program, launched in 2025, is a bold move to give its massive user base a say in cleaning up the platform. It targets tokens in the “Monitoring Zone”—think projects with red flags like poor engagement or shady practices. The first batch saw 14 tokens axed on April 16, 2025, after over 93,000 votes. Now, the second round ups the ante, blending community input with Binance’s strict standards. It’s not just about kicking out the weak; it’s about building a stronger, more transparent crypto ecosystem—one vote at a time.

Will these 17 tokens survive the purge, or is this the end of the line? The clock’s ticking—cast your vote and watch the drama unfold!

The post Binance 2nd “Vote to Delist” Batch has been Announced appeared first on NFT Evening.

On April 5th, Binance had already launched BABY on the pre-market futures contract.

Learn more: Binance Will List Babylon (BABY) on Pre-market Future Contract

Listing Details

Users have to lock BNB on Binance Simple Earn in a period from 2025-03-07 00:00 (UTC) to 2025-03-12 23:59 (UTC) for BABY airdrop allocation.

• BABY Spots listing date: 2025-04-10 10:00 (UTC).
• Trading pairs available: USDT, USDC, FDUSD, BNB, and TRY.
• Airdrops Rewards: 75,000,000 BABY (0.75% Total Supply).

BABY Token Details

• Token: Babylon (BABY)

• Total Supply: 10,000,000,000 BABY 

• Max Supply: Infinite

• Circulating Supply: 2,294,036,491 BABY (22.90% of total supply)

User Score

9.9

Promotion

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Claim Reward Now!Learn more