Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Binance has launched a DOOD token airdrop targeting holders of selected meme coins—MUBARAK, BROCCOLI714, 1MBABYDOGE, TST, and KOMA—leveraging strong market momentum led by Bitcoin. The initiative unfolds in two rounds: the first distributes DOOD tokens to the top 40,000 holders of MUBARAK, BROCCOLI714, TST, and 1MBABYDOGE based on a snapshot taken on May 7, with tokens delivered directly to Binance Spot Wallets. The second round exclusively rewards the top 10,000 KOMA holders, contingent on KYC verification. Alongside the airdrop, Binance has listed DOODUSDT perpetual futures with leverage up to 50x, providing traders opportunities to profit from DOOD price volatility. This move aligns with a surge in Doodles NFT sales and heightened investor interest in small-cap experimental tokens. Binance clarifies that airdrop participation does not guarantee a future DOOD spot listing. Crypto traders should ensure eligible meme coins are held in Spot Wallets and stay updated with Binance announcements. Overall, these actions highlight Binance’s commitment to supporting innovative meme coin projects and create new trading opportunities in an environment where Bitcoin recently surged past $102,000.

A U.S. federal judge has dismissed the majority of legal claims in the FTX celebrity lawsuit against high-profile endorsers, including Tom Brady, Stephen Curry, and Larry David. The allegations centered on these celebrities’ promotion of the FTX crypto exchange before its 2022 collapse, which led to significant investor losses. The court found insufficient evidence that the celebrities knowingly misled investors or were aware of FTX’s alleged fraud. However, one claim—accusing celebrities of promoting unregistered securities—remains active, and investors have been allowed to revise and resubmit certain arguments. This ruling brings near-term legal relief for the celebrity defendants and signals a broader easing of litigation risk for crypto endorsements. Yet, it also sharpens regulatory scrutiny on the marketing of unregistered crypto investment products, a trend likely to affect future compliance and promotional strategies within the digital asset sector. The FTX celebrity lawsuit continues to shape legal and regulatory approaches, and crypto traders should monitor developments as they may impact market sentiment and advertising practices. The phrase ’FTX celebrity lawsuit’ is a key focus for visibility in this update.

Grayscale Investments has launched the Bitcoin Adopters ETF (BCOR), tracking the Indxx Bitcoin Adopters Index, which offers investors diversified equity exposure to over 80 public companies holding at least 100 BTC each. Companies are classified as primary holders or Bitcoin network operators (mostly miners), and sector allocation spans technology, finance, consumer goods, energy, and healthcare. A single company’s weighting, such as MicroStrategy with over 550,000 BTC, is capped at 20% to prevent overconcentration, and the index is rebalanced quarterly. The number of eligible companies has surged 142% from 2023 to 2025, marking accelerating corporate adoption of Bitcoin in treasury management. While many companies position Bitcoin as an inflation hedge, high volatility remains a concern. These ETFs provide equity-focused traders with indirect BTC exposure, risk diversification, and alignment with business fundamentals—but may introduce operational or leverage risks. Recent technical indicators, such as MVRV Ratio and support levels (111DMA at $91.3k, STH Cost Basis at $93.2k), suggest investor stress is easing and most holders are in profit. Key resistance is at $95k–$98k; a breakout could drive Bitcoin to new all-time highs above $100k. Overall, the launch of such ETFs is expected to legitimize Bitcoin exposure via traditional equities, encourage institutional inflows, and potentially impact BTC’s price trajectory.

A new CoinGecko report highlights that more than 50% of new cryptocurrencies launched since 2021 have already failed, signaling a significant risk in the crypto market. The number of crypto projects surged 1,500% since 2021, reaching nearly 7 million by 2025, largely driven by rapid token creation platforms like those on the Solana blockchain. However, about 3.7 million tokens are now defunct, mainly due to lack of utility, liquidity, and community support. The failure rate peaked in 2024 and 2025, with 1.8 million projects collapsing in 2025 alone, including rampant failures among meme coins and niche categories like music and video tokens, which saw failure rates as high as 75%. Experts cite poor tokenomics, speculative launches, project abandonment, macroeconomic volatility, and regulatory concerns as key causes. This wave of ghost tokens reflects growing market volatility and underscores the importance for crypto traders to conduct thorough due diligence, validate project fundamentals, and focus on long-term viability before investing. The trend raises caution, especially regarding non-viable altcoins, and references past high-profile failures like BitConnect and OneCoin as warning examples.

XRP, developed by Ripple Labs, has demonstrated notable resilience over more than a decade, surviving intense regulatory scrutiny and legal challenges, most recently a major lawsuit from the U.S. SEC that resulted in XRP’s delisting from several U.S. exchanges. Despite these setbacks, XRP continues to maintain strong utility, an active user base, and relevant use cases particularly for cross-border payments. Dan Tapiero, CEO of 10T Holdings, praised XRP’s ability to weather industry volatility and commended Ripple’s strategic evolution into a broader blockchain conglomerate. He also recognized Ripple CEO Brad Garlinghouse’s influential role in U.S. policymaking and effective advocacy during challenging regulatory periods. The recent approval of the ProShares XRP Futures ETF by the SEC marks a major step forward for institutional adoption and the regulatory legitimacy of XRP in the U.S. finance sector. With institutional confidence rising and regulatory sentiment improving, crypto traders should closely monitor further ETF developments and U.S. policy trends, as these factors are now pivotal to assessing XRP’s short- and long-term price prospects.

Global law enforcement agencies are increasingly targeting crypto-related Ponzi schemes, with significant developments in Brazil and the US. In Brazil, authorities launched Operation Fantasos, executing 11 search and seizure warrants with over 50 officers to dismantle the remnants of a $290 million cryptocurrency Ponzi scheme across Rio de Janeiro. The scheme, which collapsed in 2023, defrauded over 20,000 investors by promising high fixed returns. Its mastermind was previously extradited from Switzerland to the US, underscoring international cooperation against crypto crime. Meanwhile, the US SEC charged individuals linked to similar schemes, reflecting a broadening crackdown on fraudulent crypto operations. The Brazilian government’s intensified actions signal heightened regulatory scrutiny and possible tightening of crypto regulations in the region. For crypto traders, these steps mark increasing enforcement risks, greater investor protection efforts, and evolving scam tactics, all of which could impact market confidence and regional activity.

Solana (SOL) is showing positive momentum, climbing over 6% in the past week and approaching the key $169 resistance, as bullish technical patterns—like a potential golden cross, strong RSI, Ichimoku cloud signals, and moving averages—fuel trader optimism. Volume and volatility are rising, and institutional interest is evident through notable SOL movements, suggesting potential for further gains especially if the broader market, led by Bitcoin (BTC), remains supportive. Pi Network (PI), by contrast, has stagnated near $0.63, suffering from weak trading volume and a lack of bullish momentum after a significant price decline from earlier highs above $4. Technical indicators remain negative or neutral, and investor sentiment is subdued. Dragoin (DDGN), a new presale project, draws attention with transparent tokenomics, a 6,700% potential return (from $0.0000335 to $0.002), smart contract audits, and immediate utility via a Telegram-based game in beta. Token allocation is clear, prioritizing presale buyers and incorporating team vesting schedules for security. For traders, Solana is technically bullish in the short term, Pi Coin lacks direction, and Dragoin offers a speculative high-return opportunity but carries typical presale risks. Ongoing monitoring of leading assets like BTC is advised.

SIGN, the native token of the multi-chain identity protocol Sign, has experienced significant price and volume surges following major listings on South Korean exchanges. Initially, SIGN saw a 60% price jump to $0.129 after being listed on Upbit, which also resulted in its 24-hour trading volume soaring from $402 million to $898 million. This trend echoes other recent Korean exchange impacts on altcoins, such as with Filecoin (FIL). Most recently, Bithumb announced the upcoming launch of the SIGN/KRW trading pair, further expanding the token’s presence for Korean traders using the won. This new listing follows Upbit’s introduction of SIGN across KRW, BTC, and USDT trading pairs, increasing the token’s liquidity, visibility, and price discovery potential. The momentum underscores the influential role of Korean exchanges in driving altcoin adoption and short-term price movements, offering crypto traders valuable insights into market dynamics and potential trading opportunities. As the SIGN token reaches a broader market, traders should expect heightened activity and possible price volatility in the short term, while monitoring official updates and practicing prudent risk management.

Coinbase Asset Management is launching the Coinbase Bitcoin Yield Fund for non-US institutional investors, with operations set to begin on May 1, 2025. The fund offers a projected annualized yield of 4-8% through a market-neutral basis trading (arbitrage) strategy between Bitcoin spot and futures markets, allowing institutions to earn passive returns using regulated, familiar financial techniques. Withdrawals are allowed monthly, supporting institutional liquidity needs. Designed for compliance and regulated oversight, the product aims at institutions seeking conservative, secure Bitcoin exposure outside the US due to America’s uncertain regulatory climate. Notably, major institutions like Aspen Digital have already seeded the fund, signaling growing confidence in institutional crypto products. Coinbase, currently controlling around 66% of the US crypto trading market, is positioning itself for further growth by catering to institutional demand while facing potential competition as the market expands. CEO Brian Armstrong predicts a 100-fold increase in the crypto sector’s total addressable market as regulatory clarity and institutional participation improve. The launch is expected to attract new capital, enhance Bitcoin liquidity, and boost confidence across the institutional crypto landscape.

Term Finance, a decentralized lending protocol on Ethereum, experienced a $1.6 million loss due to an oracle misconfiguration that allowed attackers to exploit erroneous price feeds and trigger unauthorized liquidations. The incident showcased vulnerabilities in DeFi infrastructure, particularly involving insecure oracles. Term Finance responded quickly, managing to recover approximately $1 million internally and through negotiations, though about $650,000 in losses remain. The company acknowledged the issue was not due to a hack but a technical misconfiguration, and is reviewing its oracle integration process. This event is part of a wider series of recent DeFi security incidents, reinforcing ongoing risks in decentralized finance and impacting investor confidence. Secure and correctly configured oracles are critical as their failure can lead to significant losses in DeFi platforms.

Large Cardano (ADA) holders, known as ’whales,’ are reallocating capital into RCO Finance (RCOF), a DeFi-focused altcoin currently in its presale phase. This shift is happening as ADA nears a potential breakout above $0.70, fueled by rumors of ETF approval and DeFi ecosystem integration. RCO Finance has attracted over 285,000 beta users and garnered strong institutional interest, highlighted by a $7.5 million venture capital investment and total funding exceeding $17.3 million. The platform differentiates itself with AI-driven, no-code trading tools, KYC-free onboarding, audited smart contracts, and comprehensive asset analytics. Currently in the sixth presale round at $0.13 per token, RCOF is expected to appreciate to $0.15 in the next stage and has a projected public launch price of $0.60—implying a possible 361% to 765% return for early investors. Analysts predict that RCOF could surpass $1 by Q3 2025. The notable migration of Cardano whales and ongoing retail and institutional participation signal robust demand for high-potential DeFi tokens, driven by innovative technology, attractive tokenomics, and fresh capital inflows.

Aptos has introduced the AIP-119 governance proposal to reduce its Layer 1 blockchain staking rewards from around 7% to 3.79% annually over the next three months. The move aims to address high token inflation and inefficient capital allocation, which have limited Aptos’s ecosystem growth compared to competitors like Sui. Currently, a large portion of newly minted APT flows to the Aptos Foundation, which controls over 90% of staked tokens, enabling outsized passive profits for some validators. The proposal also contemplates reallocating rewards to enhance network liquidity, infrastructure, and developer grants, with a six-month observation period and dedicated support for small validators to mitigate centralization risks. While supporters see reduced rewards as necessary for stimulating authentic DeFi development and increasing capital efficiency, critics worry about potential capital flight to higher-yielding alternatives such as Solana or US Treasuries and the risk of intensified selling pressure and validator exit. The proposal coincides with Aptos’s broader strategic shifts, including new leadership and increased engagement in Asian markets. The announcement triggered a 5.5% rise in APT’s price to $5.58, reflecting significant trader interest. The outcome of AIP-119 will serve as a pivotal test for Aptos’s tokenomics and competitive standing among Layer 1 blockchains.

The recent introduction of ’content coins’ by Base sparked significant market reactions, highlighting both opportunities and challenges within the crypto space. Base launched a coin titled ’Base is for everyone’, which swiftly reached a market cap of $20 million before crashing, sparking fears of a potential rug pull. This mirrors the broader trend of hyperfinancialization in the crypto market, where the focus shifts from decentralization to profit-driven token launches. Simultaneously, Zora, initially an NFT platform, plans to release its native token amid allegations of market manipulation. This development has intensified discussions on the balance between innovation and market needs in the crypto industry. The continued scrutiny of such trends illustrates the tension between maintaining traditional cypherpunk values and adapting to profit-centric dynamics.

Movement Network is navigating a crucial phase as it embarks on a comprehensive investigation into suspected irregular market making activities by a market maker involving the MOVE token. This initiative follows the revelation of unauthorized liquidation actions leading to significant financial implications. To address this, Movement Network has partnered with Groom Lake for a cybersecurity audit, and collaborates with major exchanges to recover approximately $38 million. The organization has terminated their relationship with the implicated market maker, intending to repurchase MOVE tokens to reinforce their strategic reserve. Alongside these measures, Movement Network continues advancing with key projects like Parthenon V2, MoveDrop, and Cornucopia, while reviewing its governance framework for reforms. These efforts are pivotal to protecting investor interests and ensuring the project’s long-term success, with the investigation outcomes expected to drive future governance improvements.

Arbitrum has launched the Converge blockchain, enhancing the integration of real-world assets into the decentralized finance (DeFi) ecosystem. Developed with Ethena Labs and Securitize, Converge targets the tokenization of over $7 billion in real-world assets from the outset. With a focus on fast transaction speeds, lower costs, and enhanced flexibility, the network supports stablecoins like USDe and USDtb for gas fees, ensuring predictable transaction costs. Ethereal DEX is among the first projects launching on Converge. Despite a recent decline in usage, Arbitrum maintains a strong presence in the Layer 2 sector, bolstered by Robinhood’s addition of its ARB token, which has spurred a price increase. Market analysts anticipate increased demand for Converge, particularly in light of Ethereum’s forthcoming upgrade, reinforcing Arbitrum’s position as a key player in the evolving DeFi landscape.

Coinbase International’s platform has processed nearly $100 billion in Bitcoin perpetual futures over the past week, marking it as the exchange’s largest market segment. This surge in trading volume is partly due to increased market volatility, influenced by tariff uncertainties causing significant swings in traditional markets like the S&P 500 Index. Amid this turbulence, Bitcoin’s resilience has complemented its perception as a potential safe-haven asset, comparable to gold, which recently hit a historic high. This trend underscores the growing demand for crypto derivatives and positions Bitcoin as ’digital gold,’ while highlighting the increasing role of derivatives trading in the maturation of the crypto industry.

Amid speculation about a possible XRP Exchange Traded Fund (ETF), Deribit options data show a predominant bearish sentiment among investors. Traders are significantly leaning towards put options, indicating expectations of a price dip for XRP. This sentiment is fueled by uncertainties surrounding regulatory developments and technical signals hinting at a bearish trend following a breakdown from an ascending wedge pattern. Despite the ETF optimism, market participants are exercising caution, suggesting potential downside risk. Investors should consider managing risks, maintaining a diversified portfolio, and closely monitoring market signals to navigate potential volatility.

Recent analyses highlight the risks tied to significant foreign investments in U.S. assets, such as government bonds and stocks. Although viewed as a safe investment, this concentration creates vulnerabilities. Foreign capital, finding geopolitical tensions, U.S. debt rise, or other global opportunities more attractive, might withdraw. Large-scale outflows can trigger declines in asset prices and economic downturns. Crypto traders should note that instability in traditional markets could spike crypto volatility. This climate may drive some investors toward crypto as a safe haven, albeit with heightened regulatory scrutiny. Diversification and risk management are crucial to navigate these potential disruptions effectively.

Recent analyses reveal a significant decrease in Bitcoin inflows to major exchanges and highlight that short-term and medium-sized investors are the primary sellers. This suggests a potential market ’shakeout,’ as less experienced traders exit due to panic or brief profit-taking. Short-term traders have been sending approximately 930 BTC daily to exchanges. Meanwhile, long-term investors remain largely inactive, indicating higher confidence in Bitcoin’s value. The sales distribution confirms that small and medium investors contribute more to the selling pressure compared to large investors and whales. Overall, this behavior suggests that the market isn’t undergoing a substantial trend shift but rather experiencing a temporary correction driven by immediate investor sentiment.

In an effort to enhance Sweden’s financial stability, Swedish lawmakers Dennis Dioukarev of the Sweden Democrats and Rickard Nordin have proposed the creation of a national Bitcoin reserve. This proposal aims to follow in the footsteps of the United States by using confiscated assets to strengthen Sweden’s national holdings without increasing public expenditure. The initiative highlights Bitcoin’s emerging role as a strategic asset and inflation hedge at a time when individual support for Bitcoin is growing within Sweden, though views remain split across Europe. Notably, ECB President Christine Lagarde has expressed skepticism, contrasting with supportive moves in countries like the US and Czech Republic towards integrating Bitcoin into national reserves. The current trading price of Bitcoin is around $83,700, with a recent weekly increase of 11%. The Swedish lawmakers have sought a response by April 2025, indicating an urgent evaluation of this financial strategy.

Hyperliquid, a decentralized perpetual exchange, continues to gain traction with a trading volume reaching $1.1 trillion in 2024, holding a 60% market share in perpetual contract platforms. Despite this growth, its token HYPE has fallen by 4.69% to $16.05. Analysts are optimistic, predicting a potential price increase to $50-$100 due to its unique market position. In contrast, Solana (SOL) is battling resistance around $145 after climbing from the $125 support level, with potential further gains if it can break above this level, although failure could see it fall to $135. Meanwhile, Lightchain AI is gaining attention for its AI-integrated blockchain platform, having raised $18.4 million during its presale. Priced at $0.007, it targets a 100x growth by leveraging its innovative technology and strong investor confidence, situating it as a promising player for 2025. Market trends suggest positive sentiment for the DeFi space, but caution is advised due to market volatility.

Ethena Labs has withdrawn from the German market following a €600,000 fine by BaFin, the Federal Financial Supervisory Authority of Germany. This decision was driven by regulatory non-compliance concerning the issuance of their USDe stablecoin, which was ordered to be reversed due to improper registration and insufficient operational transparency. Ethena’s exit signifies an increasing regulatory scrutiny over crypto assets in Europe, putting pressure on stablecoin issuers to adhere to strict regulatory standards outlined by frameworks such as the EU’s MiCA. These developments highlight the logistical and financial challenges posed by stringent regulations, reflecting on the broader $233 billion stablecoin market where major issuers also face similar compliance hurdles.

Binance has launched a new yield-bearing margin asset, LDUSDT, designed for its futures trading platform. This asset allows traders to use LDUSDT as collateral in USDⓈ-M futures contracts while earning passive income. This innovation fills a gap in integrated yield and margin utilities, following Binance’s previous asset, BFUSD, that could not be used for futures trading. This development aligns with a broader industry trend where centralized exchanges like Coinbase, Bybit, and OKX introduce native yield-bearing products, enhancing income opportunities for users.

Pi Coin has integrated with Chainlink’s decentralized data feeds, allowing it to enhance functionalities within its ecosystem and facilitate secure payments in USDT and USDC. The integration enables Pi Coin’s utility on Ethereum and Avalanche networks, expanding its presence across DeFi platforms with reliable price feeds. Following these developments, Pi Coin has seen a significant market impact, with its price increasing by over 17% to surpass $0.74, breaking through its 50-period EMA. Additionally, the completion of the pilot phase of the Pi Ad Network allows for ads and Pi-based payments on applications, further broadening Pi Network’s ecosystem. These advancements underscore Pi’s effort in developer monetization and user engagement, suggesting increased adoption and potential liquidity improvements, while technical indicators present potential bullish momentum despite possible pullbacks. The possibility of a Binance listing and a prospective token burn, along with the recent supply increase, suggests potential market volatility.

The U.S. Senate has introduced the Clean Cloud Act, spearheaded by Senators Sheldon Whitehouse and John Fetterman, to regulate energy consumption in bitcoin mining and AI data centers. This legislation targets facilities consuming over 100 kilowatts, with the EPA setting regional carbon emissions caps to decrease by 11% annually until 2035. Facilities that violate these caps face fines starting at $20 per ton of CO₂, adjusted for inflation. While bitcoin mining is argued to enhance grid stability and green energy, this bill seeks to address environmental concerns stemming from high energy use. Criticism arises primarily from proponents of bitcoin mining for economic growth. A portion of the fine revenue will support low-income families’ energy costs, with the balance invested in clean energy projects. Facing potential resistance from Republicans, this bill could conflict with federal policies under former President Trump.

Bitpanda has successfully obtained a Markets in Crypto-Assets Regulation (MiCAR) license from the Austrian Financial Market Authority (FMA). This is Bitpanda’s third MiCAR license following approvals in Germany and Malta. The new license reinforces Bitpanda’s position as a regulatory leader in the European cryptocurrency market, strengthening its compliance and expanding its operational reach across Europe. This achievement is expected to enhance user and regulator trust, significantly improving Bitpanda’s reputation and foothold in the European financial landscape.

At a Cointelegraph event in Paris, industry experts expressed differing views on the start of the crypto bull market. Michael van de Poppe suggests a possible reversal is on the horizon, comparing the current market with 2020’s scenario, while Eric Turner predicts a bull market initiation around late 2023 to 2025. The discussion also highlighted the influence of U.S. regulations and support for crypto-friendly policies on market sentiment. However, recent tariffs introduced by President Trump have led to capital outflows, reminiscent of past economic disturbances. The potential for Federal Reserve intervention was noted as a stabilizing factor if the economic climate worsens.

OpenAI’s recent update to its GPT-4o image generation feature, which heavily favors Studio Ghibli-style art, has strained its GPU resources due to overwhelming demand. CEO Sam Altman revealed that the GPUs are at their limit, as over a million new users joined within an hour, leading to system strain. This has led OpenAI to ration the service for free users and urgently seek 100,000 high-end GPUs to overcome this bottleneck. The industry believes OpenAI needs Nvidia’s top GPUs like H100 or B200 to address the shortage. Meanwhile, the introduction of a Solana meme coin, which achieved a $30 million market cap, highlights the intertwining of AI and cryptocurrency trends. Discussions have arisen about using decentralized infrastructural networks like DePIN to fill the computational gap. Despite challenges, OpenAI plans to release ’Image Generation V2’, signaling ongoing efforts in AI art despite growing operational costs projected to lead to significant financial losses by 2026.

Emerging markets such as Nigeria, India, Vietnam, and Brazil are increasingly turning to cryptocurrencies to enhance economic resilience, address inflation, and stabilize their financial systems. These countries, representing a large portion of global population and GDP, are vulnerable to economic shocks and currency fluctuations. Cryptocurrencies like Bitcoin offer a hedge against these instabilities with growing adoption reflected in increased trading volumes, peer-to-peer trades, and wallet sign-ups. Furthermore, stablecoins are gaining traction as means for remittances, offering cheaper and faster transactions. There is a strategic recommendation for these economies to allocate 1-2% of their reserves in digital assets for diversification. Michael Saylor advocates Bitcoin as a global reserve, influencing billionaires and sovereign wealth funds. Despite regulatory and learning challenges, the adoption signifies significant potential for transforming financial systems. Proactive regulation could balance innovation with consumer protection.