Ethereum News by Thebittimes.Com

An aide from the Department of Government Efficiency (DOGE) could be breaking federal securities laws by holding large sums of bitcoin (BTC) and Tesla stock as he works to dismantle the Consumer Financial Protection Bureau (CFPB).  As reported by ProPublica, 25-year-old Gavin Kliger is a top CFPB official and helped lay off over 1,400 employees at the agency. This year, he publicly disclosed that he owned up to $365,000 worth of assets in Tesla, Apple, BTC, and solana (SOL).  However, both Tesla and Apple are on the CFPB’s list of prohibited holdings, while BTC and SOL holdings are forbidden under agency guidance regarding crypto firm investments. Kilger owns up to $15,000 worth of SOL, up to $50,000 worth of BTC and Apple stock, and up to $250,000 worth of Tesla stock . According to ProPublica, ethics experts claim Kliger’s holdings represent a conflict of interest and may violate federal ethics laws. One such expert at the St. Louis Washington University told ProPubl...

One of the top stock exchanges in the world has filed to list a spot-based exchange-traded fund (ETF) for the original memecoin. Nasdaq has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) to list a Dogecoin (DOGE) ETF that will be sponsored by 21Shares, a financial firm specializing in crypto investments. Earlier this month, 21Shares teamed up with the corporate arm of the Dogecoin Foundation, House of Doge, for an initiative to launch DOGE exchange-traded products (ETPs) globally. Said Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, at the time, “ This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the ‘Dogecoin is Money’ vision, while still honoring the community’s spirit. Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and back...

Pi Network price prediction experts are currently suggesting that a potential 3x rally to $1.70 by mid-May 2025 could be in the cards, even though the cryptocurrency is trading at around $0.61 at the time of writing. Recent Pi Network Analysis certainly shows some downward pressure, but various analysts and experts are actually pointing to an upcoming catalyst that might trigger a significant Pi Network breakout in the coming weeks. Source: TradingView Also Read: Trump’s Move Sparked a 12X Bitcoin Surge—Is It Happening Again? Pi Network Rally: Mid-May 2025 Breakout Could Drive Price to $1.70 Source: The Network Journal Consensus Summit Catalyst The Pi Network price prediction outlook could dramatically improve due to the upcoming Consensus Summit that will take place next month. Widely followed analystDr Altcoin has recently stated: “I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14-16, 2025) rather than at the end of August when P...

Monero (XMR) has outperformed the crypto market so far this week following what appears to be an attempt to launder stolen Bitcoin (BTC) through the “OG” privacy coin. Early Monday morning, XMR skyrocketed from $232 to $331 in about eight hours. In a post on the social media platform X, top on-chain investigator ZachXBT told his 851,000 followers that the spike in XMR appeared to coincide with a “suspicious” transfer out of a Bitcoin wallet. ZachXBT says the BTC was immediately exchanged for Monero, sparking the rally for XMR. “Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%.” ZachXBT says the evidence is quite overwhelming that the transfer and subsequent swap to XMR was a hack because the victi...

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Summary ⚈ Brazil launched the world’s first spot XRP ETF (XRPH11), potentially boosting XRP’s global profile. ⚈ AI models predict XRP could reach between $4 and $8 by the end of 2025, depending on market conditions. ⚈ Technical Analysis shows XRP holding key support levels, suggesting a bullish continuation if it breaks out. Following the launch of the first spot XRP exchange-traded fund (ETF), two artificial intelligence (AI) models are predicting the asset could surpass $5 by the end of 2025. Brazil introduced the world’s first spot XRP product, XRPH11, which began trading on April 25 on B3, the country’s main stock exchange. Created by Hashdex and administered by Genial Investimentos, Genial Bank provides XRPH11’s custody services. After an extensive pre-operational phase, Hashdex secured approval from Brazil’s Securities and Exchange Commission (CVM) earlier this year. The launch of XRPH11 is expected to impact XRP...

Summary ⚈ Trader swapped $300K of FARTCOIN for TRUMP to secure gala dinner invitation. ⚈ Trump’s crypto gala announcement caused TRUMP token price to surge 72.20% in a week. ⚈ Leaderboard factors holdings and duration, likely fueling further TRUMP accumulation soon. An address associated with a trader dubbed boop on the Official Trump (TRUMP) leaderboard swapped 298,017 Fartcoins (FARTCOIN) worth over $300,000 at the time of the transaction for 26,178 TRUMP, according to data retrieved by Finbold from Solscan . Fartcoin – Official Trump swap transaction details. Source: Solscan However, profit was not the only motive at play here. Donald Trump, President of the United States of America, will host a private gala on May 22 for 220 crypto traders who have the largest Official Trump holdings. Currently, boop is in the 22nd spot on that list — in no small part thanks to this latest transaction. Why the Trump crypto gala could drive Official Trump prices...

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Source: KuCoin Global cryptocurrency platform KuCoin has entered Thailand’s regulated digital-asset sector, supporting the official launch of “KuCoin Thailand” , a local exchange operated by ERX under the supervision of the Securities and Exchange Commission of Thailand (SEC) . The activation of ERX’s crypto-exchange licence and simultaneous rebranding mark KuCoin’s first regulated beachhead in mainland South-East Asia, a region where retail appetite for digital assets continues to grow despite tighter oversight. KuCoin Thailand opens for trading KuCoin Thailand went live on the 23rd of April with spot-trading pairs for leading cryptocurrencies and Thai baht-denominated digital tokens. According to the company announcement, the platform combines KuCoin’s global trading engine with locally hosted infrastructure and Thai-language customer support. ERX’s CEO, Att Asavanund , said the exchange would “offer institutional-grade safety and a user experience calibrat...

The crypto and non-fungible token market, led by the Bitcoin Ordinal market, has skyrocketed in trading sales volume amid renewed investors’ confidence. The recent market surge appeared after the pro-crypto Paul Atkins was officially sworn in as the United States Securities and Exchange Commission (SEC) Chairman, replacing Gary Gensler, the former boss who officially resigned last year. 🇺🇸 Paul Atkins has officially been sworn in as the Chair of the U.S. Securities and Exchange Commission, @SECGov, by @SecScottBessent in the Oval Office! pic.twitter.com/Eo6D377kLj — The White House (@WhiteHouse) April 23, 2025 In response to the Atkins’ entry into office, the total crypto market capitalization has risen over 6% to $2.92 trillion. The crypto market saw a strong breakout, with Bitcoin trading at $93,000 and major altcoins like Ethereum, Solana, and XRP gaining up to 13% in a day. In the NFT market, the Bitcoin-based NFT collection has surged by +30% ...

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The head of research at crypto asset firm Galaxy Digital, Alex Thorn, believes the US government will add Bitcoin (BTC) to the Strategic Bitcoin Reserve (SBR). In an appearance on Bloomberg Crypto, Thorn says that in addition to the Bitcoin the US government holds from confiscations, the world’s largest economy will purchase BTC to add to the SBR in 2025. “In March, they had the establishment of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile Executive Order… …which specifically prohibited the government from selling Bitcoin and ordered the [Departments of] Commerce and Treasury to find out budget-neutral ways to buy Bitcoin while simultaneously prohibiting them from buying altcoins and leaving the management up to those departments for altcoins. I think a lot of progress has been made… And you’ve got Treasury Secretary Scott Bessent literally saying Bitcoin is now becoming a store of value. You’ve got a drumbeat...

A Binance customer accused the giant exchange of stealing a picture-based Ordinal, a bitcoin asset similar to a Non-Fungible Token (NFT). He mistakenly sent the asset to his bitcoin (BTC) deposit address, despite Binance’s warnings to only deposit common BTC. After realizing his mistake, he contacted Binance support for help. Binance’s customer service said they could not help him. At that point, he assumed the asset was lost forever. However, he later found his Ordinal listed for sale on Magic Eden. Trump resorts to Bitcoin Ordinals to boost failed NFT collection Read more: Luke Dashjr calls Ordinals a spam ‘bug’ that should be ‘fixed’ Enraged, the customer alleged in a X post that a Binance employee secretly recovered the Ordinal – in spite of Binance’s official claim that it was unrecoverable – and listed it for sale. However, once the user learned about a practice called sats panning , he deleted his original post with tacit embarrassment. The original cl...