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ZKsync Community Approves GAP-3 Proposal for ETH to ZK Token Conversion Amid Security Concerns
COINOTAG reported on May 22nd that the ZKsync community has successfully passed proposal GAP-3, granting the ZKsync Security Council **authority** to convert **recovered ETH** into ZK tokens. This decision comes

CoinOtag 2025-05-22 13:38
Bitcoin (BTC) Runs From Record to Record Again, Analysis Firm Announces Price Target!
The leading cryptocurrency Bitcoin (BTC) surpassed its previous ATH for the first time yesterday after a difficult 4 months and reached a new ATH. Bitcoin continues to break records, rising above $111,000 in the morning hours. While it is stated that the new record in BTC is due to the increasing interest of institutional investors, the rally is expected to continue. At this point, Presto Research analyst Min Jung said that Bitcoin’s recent rise above $111,000 was largely driven by institutional accumulation, with major firms such as Strategy, Metaplanet, and Twenty One Capital making the biggest contributions. Jung noted that this cycle is different from other bull cycles, arguing that this cycle is driven by long-term institutional capital, unlike previous bull runs that were dominated by retail speculation. Despite the new records, the bull run is still in its early stages, Jung said, adding that the current uptrend is a sign of broader institutional adoption and he expects the rally to continue. “Bitcoin’s surge above $111,000 is driven primarily by treasury holdings from firms like Strategy, Metaplanet, and Twenty One Capital. “Unlike previous bull runs, this rally appears to be fueled by institutional and long-term capital rather than retail speculation.” Jung finally added that they expect Bitcoin to reach $210,000 by the end of 2025. Bitcoin continues to trade at $110,620 at the time of writing. *This is not investment advice. Continue Reading: Bitcoin (BTC) Runs From Record to Record Again, Analysis Firm Announces Price Target!

BitcoinSistemi 2025-05-22 13:38
XRP Approaches Critical Juncture with Potential Price Volatility Ahead
XRP struggles to surpass its $2.69 resistance level. Failure to break resistance could push prices to $1.50. Continue Reading: XRP Approaches Critical Juncture with Potential Price Volatility Ahead The post XRP Approaches Critical Juncture with Potential Price Volatility Ahead appeared first on COINTURK NEWS .

CoinTurk News 2025-05-22 13:32
Crypto Confidence Returns: Bitcoin Hits New Peak Above $110,000
Bitcoin price reclaimed a bullish edge this week, topping $111,000 for the first time in its history and rallying more than 33% over the past month. The surge reflects institutional demand, ETF inflows, and growing confidence in U.S. regulatory clarity. Inflows into U.S. Bitcoin ETFs alone surpassed $3.6 billion in May, their largest monthly total since January, while Bitcoin briefly touched $111,816 during Asian trading on May 22, 2025. At the same time, the U.S. Senate moved forward on the bipartisan GENIUS Act, a stablecoin regulation bill analysts say could expand the market from $248 billion today to $2.5 trillion by 2030. Traders are now pricing in targets between $125,000 and $300,000 by late June. Bitcoin Price Hits New ATH Bitcoin price jumped as much as 2.2% to $111,492 in early Asian trading on May 22, 2025, before settling slightly lower. The rally sent Bitcoin’s one-month gain to over 33%, reversing a 25% correction from its January high above $100,000. BTC/USDT Chart| Source: TradingView Ethereum rose 4.5% to $2,619, and Solana climbed 1.9% to $176, underscoring a broad crypto upswing. According to FundFlows data, U.S. Bitcoin ETFs drew more than $3.6 billion in new capital this month, their largest inflow since January 2025. Strategy, the largest publicly traded Bitcoin holder, boosted its position by over $50 billion this quarter, reinforcing a trend of corporate accumulation. Twenty-One Capital, backed by Cantor Fitzgerald and SoftBank, also announced significant Bitcoin purchases, mirroring Strategy’s model. On May 20, 2025, the U.S. Senate passed a procedural vote on the GENIUS Act, a bipartisan bill to regulate dollar-pegged stablecoins. Market participants view the legislation as a critical step toward clearer rules and reduced legal uncertainty for crypto firms. Under the new framework, Standard Chartered projects stablecoin market growth to $2.5 trillion by 2030, up from $248 billion today. Options Market Sentiment Deribit data show peak open interest around the $110,000, $120,000, and $300,000 strike prices for contracts expiring June 27, indicating traders expect further gains. Options traders now forecast a rally to $120,000 by month-end, with bullish positions swamping bearish bets. Analysts at Deutsche Bank note that easing U.S.-China trade tensions and a softer dollar have reinforced Bitcoin’s appeal as a hedge. Tony Sycamore of IG Markets described the January–April pullback—from above $100,000 to below $75,000—as a healthy correction within a longer uptrend. Bloomberg reported that growing bipartisan support in Congress for crypto regulation underpins renewed institutional interest. Bitcoin’s ascent above $111,000 underscores that market sentiment now hinges as much on policy and institutional flows as on macroeconomic trends . The convergence of ETF inflows, corporate purchases, and stablecoin legislation has reignited investor confidence. As the GENIUS Act progresses and options markets price in even higher targets, traders and investors alike will watch to see if Bitcoin can sustain its momentum and reassert its role as a leading digital asset. BTC is currently trading at $110,480 after a slight correction from new ATH, according to CoinGecko data. The crypto king is up 3,8% over the past 24 hours.

ZyCrypto 2025-05-22 13:32
Binance Integrates With Brazilian National Payments System Using Pix
Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability of crypto in the country, allowing users to save and spend directly in crypto. Binance Revolutionizes Crypto Payments in Brazil With Pix Integration Binance has

Bitcoin.com 2025-05-22 13:30
Democrats Target TRUMP Dinner as Crypto Scandal Escalates
A high-profile dinner hosted by Donald Trump for holders of his meme coin has become the center of a political firestorm, prompting protests from advocacy groups and pushback from lawmakers who warn it may undermine public trust in crypto legislation. While bipartisan efforts continue to advance blockchain-friendly regulation in Congress, Trump’s growing presence in the digital asset space has reignited debates over ethics, transparency, and access to power. Bipartisan Blockchain Push Gains Momentum Amid Trump Crypto Controversy In a rare show of bipartisan unity amid growing political polarization over cryptocurrency legislation, Democratic Representative Ritchie Torres of New York has announced his co-sponsorship of the reintroduced Blockchain Regulatory Certainty Act, a bill originally put forward by Republican Representative Tom Emmer of Minnesota. The move comes at a time when many Democratic lawmakers are actively resisting crypto-related proposals, citing ethical concerns tied to President Donald Trump’s growing involvement in the digital asset space. On May 21, Emmer issued a statement confirming the return of the Blockchain Regulatory Certainty Act to the legislative docket. The bill seeks to clarify that blockchain developers and service providers who do not take custody of user funds are not classified as money transmitters under US law, a key distinction that could provide much-needed regulatory clarity for decentralized finance (DeFi) applications and non-custodial platforms. ”The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” Torres said in the joint announcement. ”While similar language was voted down in markup last Congress, we took that feedback seriously and returned with a smarter, sharper framework that protects innovation without compromising oversight.” Torres and Emmer have been working together since March as leaders of the Congressional Crypto Caucus, a bipartisan group aimed at advancing digital asset policy in the House of Representatives. The bill has received endorsements from a broad coalition of industry advocacy organizations, including the Crypto Council for Innovation, Solana Policy Institute, Digital Chamber, Coin Center, DeFi Education Fund, and the Blockchain Association. These organizations argue that the legislation is essential to fostering responsible innovation and protecting developers who are building decentralized systems that do not involve custodial functions. However, it remains unclear whether Emmer and Torres have secured enough support in the House of Representatives for the bill to pass. Previous versions of similar legislation faced resistance during committee markups, particularly from lawmakers concerned about money laundering and investor protection. Democratic Tensions Over Trump’s Crypto Ties While the Emmer-Torres collaboration signals a shift toward more constructive dialogue on blockchain regulation, crypto legislation remains a deeply divisive issue among Democrats. Many left-leaning members of Congress are pushing back against any pro-crypto legislation unless Republican lawmakers agree to scrutinize Donald Trump’s expanding influence in the crypto market. Leading the opposition is Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee. Waters has made it clear that her support for blockchain-related legislation is contingent upon full transparency regarding Trump’s personal and familial financial interests in the industry. Despite the broader Democratic skepticism, Torres has long been a consistent advocate for blockchain technology. Since taking office in 2021, he has supported a range of policies aimed at fostering innovation, improving access to digital finance, and encouraging responsible oversight. Torres' willingness to work across the aisle with Emmer on this issue has earned him credibility within the crypto industry, but it also places him at odds with many in his party. His involvement in this bill may represent an important litmus test for the future of bipartisan collaboration on emerging technologies. Implications for Blockchain Innovation At its core, the Blockchain Regulatory Certainty Act aims to resolve one of the most persistent regulatory ambiguities facing the crypto sector: who qualifies as a money transmitter and who doesn’t. Current laws have been criticized as overly broad, often sweeping non-custodial services—like wallet developers, node operators, and DeFi protocol builders—into the same regulatory category as centralized exchanges. Legal experts argue that such classification could stifle innovation and discourage US-based development in a sector where many of the most promising advancements are happening abroad. The reintroduction of this bill could help reverse that trend, positioning the US as a competitive hub for blockchain startups and talent. Despite the bill’s bipartisan backing, its chances of passing remain uncertain. The political climate in Washington is increasingly polarized, especially as the 2024 presidential campaign season heats up and digital assets become a point of ideological contention. With Trump doubling down on crypto as a campaign strategy, Democrats may find it increasingly difficult to separate blockchain legislation from broader political narratives. Trump Meme Coin Dinner Sparks National Protest and Legislative Backlash as Crypto, Corruption, and Politics Collide In related news, a controversial cryptocurrency-themed dinner hosted by President Donald Trump has ignited a storm of political protests, legal scrutiny, and legislative blowback, with Democratic lawmakers and progressive advocacy groups accusing Trump of ”selling access to the presidency” through the monetization of his TRUMP meme coin. The event, set to take place on the evening of May 22 at the Trump National Golf Club outside Washington, D.C., has become a flashpoint for broader debates over corruption, crypto regulation, and foreign influence in US politics. The now-notorious Trump meme coin dinner was announced earlier this year as a reward for the top 220 holders of the Official Trump (TRUMP) token. According to blockchain analytics and promotional material from the project, the invitees collectively purchased or held over $100 million worth of the token to qualify. A smaller group of 25 were also offered the opportunity to apply for a VIP tour and private reception, sparking speculation that this may include access to White House grounds. Critics argue that the event amounts to a blatant pay-for-access scheme, violating both the spirit and potentially the letter of US laws regarding gifts, foreign influence, and campaign finance. Some have drawn comparisons to past controversies surrounding the emoluments clause of the Constitution, which prohibits presidents from accepting gifts from foreign governments without Congressional consent. “Trump collecting gifts from foreign governments is unconstitutional,” said a spokesperson for Public Citizen, a leading consumer advocacy group organizing protests near the event. “Collecting foreign government investments through his memecoin is not much better. American foreign policy should not be for sale.” (Source: Public Citizen ) Democratic Pushback and Congressional Fallout In response to the event, Democratic lawmakers have withdrawn support from key crypto bills, including the GENIUS Act—a landmark piece of legislation to regulate stablecoins. Though the bill passed a procedural Senate vote on May 19, momentum around it has been weakened as high-profile Democrats question whether the crypto ecosystem is being manipulated for personal gain by the president and his family. Senator Mark Warner criticized the Trump family’s reported ties to World Liberty Financial, a blockchain firm that began issuing its own stablecoin (USD1) in March and is believed to be connected to the TRUMP meme coin’s infrastructure. “We cannot allow that corruption to blind us to the broader reality: blockchain technology is here to stay,” Warner said. But he admitted the optics surrounding Trump’s growing crypto empire were damaging. Senator Chris Murphy, who opposed the GENIUS Act’s advancement, called for explicit legal prohibitions against any US president issuing stablecoins or launching blockchain tokens, claiming the Trump dinner was “setting a dangerous precedent.” Murphy has also requested the White House disclose a full list of dinner attendees, warning that “some or all of them will try to get something from the president in exchange for purchasing the tokens. Public Citizen has partnered with Our Revolution, a political advocacy organization founded by allies of Senator Bernie Sanders, to stage a large rally near the Trump National Golf Club. The protest is expected to include appearances from Senator Jeff Merkley, and leaders from Loudoun and Arlington County Democratic Committees. “Americans cannot and will not accept President Trump’s view that positions of power exist only to benefit the holder of that power,” said Ryan Ruzic, chair of the Loudoun County Democratic Committee. “We have a moral responsibility to speak out against corruption, whatever the result may be.” Other events will include press conferences with Senator Elizabeth Warren, Representative Maxine Waters, and advocacy groups calling for the passage of a new bill designed to block Trump’s meme coin and prevent similar schemes in the future. Waters, the top Democrat on the House Financial Services Committee, promised to introduce legislation to “stop his crypto corruption, once and for all.” High-Profile Crypto Figures Among Attendees Despite the backlash, several high-profile figures in the global crypto industry are expected to attend the dinner. These include: Justin Sun, founder of Tron and Grenada’s former ambassador to the World Trade Organization. Vincent Liu, CIO of Kronos Research. Oh Sangrok, co-CEO of Korean crypto investment firm Hyperithm. Kain Warwick, founder of Synthetix, a leading decentralized finance platform. While organizers of the TRUMP meme coin dinner claim all participants must pass a background check and cannot be from “Know Your Customer [KYC] watchlist countries,” critics say that’s insufficient to prevent influence peddling, especially considering the international profile of several guests. Conflict of Interest Concerns Mount The Trump meme coin itself has been widely criticized as a potential vehicle for personal enrichment. The token launched amid the former president's re-election campaign and quickly surged in value, driven in part by promises of exclusive access and political engagement. It is not clear whether any of the proceeds from token sales are funding campaign activities, personal income, or other undisclosed ventures—questions that may soon be addressed in Congressional hearings. The project’s website and marketing materials make several claims about Trump’s endorsement without clarifying whether he benefits financially. Meanwhile, Trump has neither denied nor confirmed his direct involvement in the token’s finances, though his family’s stake in World Liberty Financial has raised red flags among compliance and anti-corruption experts.

Coinpaper 2025-05-22 13:30
Volatility Shares Launches Groundbreaking XRP Futures ETF on Nasdaq: Dive into Indirect Investment Opportunities
In a significant advancement for the cryptocurrency market, Volatility Shares is officially launching the first-ever XRP Futures ETF (ticker: XRPI) on the Nasdaq today, according to a report by DLnews

CoinOtag 2025-05-22 13:28
AVAX Soars 10% as Avalanche Will Power FIFA’s Blockchain Project
The world’s biggest football organization, FIFA, has picked Avalanche to launch its own blockchain initiative. Dubbed FIFA Blockchain, it will operate as a Layer-1 network and will deliver digital collectibles and “next-generation fan engagement at a global scale.” The official announcement , which went live earlier today, added that FIFA Blockchain will aim to streamline operations, optimize user experience, and deliver consistent, interoperable digital products to its fan base of billions of people. The organization has decided to use blockchain to satisfy the growing needs for verifiable digital ownership and direct engagement between holders and audiences. Unlike traditional systems, blockchain will allow the creators to create purpose-built networks that can “scale efficiently and support meaningful user experiences.” FIFA decided to tap Avalanche in its blockchain endeavor due to its structure that enables the “deployment of sovereign networks, known as L1s, that are optimized for high throughput, low latency, and full governance control.” They operate independently but are fully interoperable with the entire Avalanche ecosystem as well as the Ethereum Virtual Machine (EVM) standard. FIFA Blockchain will be led by a tech company with Web3 experience called Modex. Its CEO, Francesco Abbate, said the move enhances their ability to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility. “FIFA’s selection of Avalanche technology represents a pivotal moment in the evolution of blockchain infrastructure. As one of the world’s most recognized organizations, FIFA’s move underscores Avalanche’s unique ability to support custom, high-performance networks at global scale,” reads the statement. AVAX’s price reacted to the news as it’s up by over 10% on a daily scale, some of which could of course be liked to the overall market-wide price pumps. The post AVAX Soars 10% as Avalanche Will Power FIFA’s Blockchain Project appeared first on CryptoPotato .

Crypto Potato 2025-05-22 13:27
XRP, Solana, Cardano, Shiba Inu Mount Price Explosions as Ether Leads $2.5 Trillion Altcoin Season
According to cryptocurrency traders and investors, altcoin season, a period when alternative cryptocurrencies outperform the leading asset Bitcoin, is expected to kick off anytime soon. As if to validate their sentiments, new market data hints at an Ethereum bottoming, with several major altcoins showing similar promising signals. According to data from the on-chain analytical platform Cryptoquant, the relative price of the second-largest cryptocurrency by market cap, compared to Bitcoin, might have seen its bottom. This development is considered bullish for the altcoin market, as it could “signal the beginning of an Alt season,” CryptoQuant wrote. Key Altcoins Showing Recovery Signs The ETH/BTC price ratio has skyrocketed by 38% over the last week. This upward movement comes after the ratio hit the lowest level recorded since January 2020. As displayed historically, the ratio level has indicated a relative bottom for ETH and exceeded the larger altcoin outperformance. Similar patterns are emerging across other major altcoins. XRP, which has been consolidating near multi-year lows against Bitcoin, is showing signs of accumulation as institutional interest in Ripple’s payment solutions continues to grow. The recent regulatory clarity around XRP has positioned it as a potential breakout candidate during this emerging altcoin cycle. Solana has demonstrated remarkable resilience, with its ecosystem activity remaining robust despite broader market pressures. The blockchain’s high-performance capabilities and growing DeFi ecosystem have attracted significant developer activity, creating a foundation for potential outperformance as altcoin season gains momentum. Meanwhile, Cardano has been quietly building momentum through its steady development progress and upcoming network upgrades. The smart contract platform’s methodical approach to development has created a loyal community base, and technical indicators suggest ADA may be primed for a significant move alongside Ethereum’s recovery. Even meme coins are participating in the early signs of altcoin season revival. Despite its speculative nature, Shiba Inu has maintained strong community engagement and has been developing utility through its ecosystem expansion, including the ShibaSwap DEX and upcoming layer-2 solution. Technical Analysis Confirms Bottom Formation Putting the current market trend into perspective, excerpts of CryptoQuant’s analysis reads: “ETH recently entered an extreme undervaluation zone relative to Bitcoin, based on the ETH/BTC MVRV metric, for the first time since 2019. Historically, similar conditions in 2017, 2018, and 2019 were followed by periods where ETH outperformed Bitcoin significantly, signaling strong mean-reversion potential.” This pattern extends beyond Ethereum. XRP’s technical indicators show oversold conditions similar to those seen before its previous major rallies, while Solana’s on-chain metrics demonstrate continued network growth despite price suppression. Cardano’s development activity remains high, suggesting fundamental strength that could translate to price appreciation once market sentiment shifts. Remarkably, the increase in demand for ETH relative to Bitcoin as well as the decline in selling pressure, is another market trend affirming ETH’s recent underperformance and possible bottom against Bitcoin. Similar accumulation patterns are visible across the altcoin spectrum, with smart money quietly positioning for the expected altcoin resurgence. Volume Surge Indicates Renewed Interest Another key event validating the presence of altcoin season is the price in the relative ratio of ETH’s spot trading volume, which hit 0.89, a level last seen in August 2024. As the analysis highlighted, this development points to an increase in traders, holders, and investors’ exposure to ETH in comparison to Bitcoin. The volume surge isn’t limited to Ethereum. XRP has seen increased whale activity, with large transactions suggesting institutional accumulation. Solana’s trading volume has maintained healthy levels despite market volatility, while Cardano has experienced renewed retail interest following recent development milestones. Even Shiba Inu has maintained surprisingly consistent trading volume, indicating sustained community engagement. It bears mentioning that this pattern was experienced from 2019 to 2021, a time when ETH outpaced Bitcoin by increasing its value by four times its price. During that same period, other major altcoins experienced even more dramatic gains, with some assets delivering 10x to 100x returns as the altcoin season peaked. Market Outlook At press time, the second-largest cryptocurrency by market cap is valued at $2,672 per coin, while XRP trades around key support levels. Solana maintains its position as a top-10 cryptocurrency, Cardano shows signs of breaking from its consolidation pattern, and Shiba Inu continues to benefit from meme coin momentum. As these technical and fundamental indicators align, the cryptocurrency market appears to be setting the stage for what could be the next significant altcoin season, with Ethereum leading the charge and major altcoins like XRP, Solana, Cardano, and even speculative assets like Shiba Inu positioned to potentially benefit from the shifting market dynamics.

ZyCrypto 2025-05-22 13:26
Bitcoin Eyes $120K: Spot ETFs and Institutional Inflows Are Reshaping BTC’s Trajectory
Bitcoin (BTC) has entered uncharted territory, smashing through its previous all-time high (ATH) to near $112,000 on May 22. While casual observers may chalk up this rally to the typical retail-fueled frenzies of past bull runs, analysts at Santiment are saying BTC’s current climb is being shaped by disciplined accumulation from institutional whales, and it may be just the beginning. The experts are projecting a near-term target of $115,000 to $120,000 as the number one cryptocurrency transforms from a speculative asset to a cornerstone of institutional portfolios. Institutional Tsunami Reshaping Bitcoin’s Market Structure On May 21, with BTC at around $109,500, Santiment noted that the cryptocurrency’s surge past its previous ATH of $109,241, set on the day Donald Trump was inaugurated as U.S. president, came amid surprisingly low FOMO among retail traders. Ironically, this lack of retail hype may have cleared the runway for institutional capital to steadily push prices higher without the volatility often seen in retail-driven runs. “One of the key drivers behind Bitcoin’s ascent has been a growing wave of institutional investments,” wrote Santiment, highlighting how easing macro tensions and six straight days of inflows into exchange-traded funds (ETFs) helped push BTC to a record high. At the center of this institutional frenzy is BlackRock’s spot Bitcoin ETF, IBIT. As of May 22, it holds 636,120 BTC, 2,000 more than the combined holdings of the next 14 biggest U.S. spot ETFs . The fund has become the preferred vehicle for heavyweight investors, with recent SEC filings showing that Abu Dhabi’s sovereign wealth fund Mubadala and hedge fund Citadel have significantly expanded their stakes. However, this meteoric rise also poses questions about long-term market structure, with an analysis by CryptoQuant showing that IBIT’s size is creating a monopoly-like concentration that could squeeze out smaller issuers. Meanwhile, corporate accumulators like Michael Saylor’s Strategy and Japan’s Metaplanet are still buying aggressively, with the two firms recently splashing $764 million and $104 million respectively to stack up their holdings. Clear Runway to $120K Technically, Bitcoin is now deep in price discovery mode . Over the past 30 days, it has gained 25.5%, and is up 58.7% year-over-year. With its price hovering around $110,915 at the time of writing, the asset has pumped more than 47% since its April 7 crash to $75,000. According to Santiment, the growing presence of the flagship crypto asset in traditional financial frameworks is changing its perception and giving it new status as a mainstream store of value. In their estimation, investor sentiment and market dynamics could soon push BTC to fresh highs. “Depending on the crowd’s own greed, we could see $115K-$120k in the near future,” the platform tweeted. Additionally, market watchers think that with search interest and social chatter about Bitcoin at bear market lows, the divergence between price action and public enthusiasm could make the cryptocurrency’s current rally more sustainable than those before, especially with institutional whales in control. The post Bitcoin Eyes $120K: Spot ETFs and Institutional Inflows Are Reshaping BTC’s Trajectory appeared first on CryptoPotato .

Crypto Potato 2025-05-22 13:26
Exclusive: India’s Digital Rupee Pilot Sets Benchmark for CBDC Rollouts, Says Polygon Labs Payments Head
The post Exclusive: India’s Digital Rupee Pilot Sets Benchmark for CBDC Rollouts, Says Polygon Labs Payments Head appeared first on Coinpedia Fintech News Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited. CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making processes like tax deductions and foreign investment regulations automatic. Additionally, CBDCs cut down on the costs and complexities of printing and managing physical cash. India, widely recognized for its digital payment success with UPI, is now eyeing its next milestone with programmable digital money. The country launched its Digital Rupee pilot in December 2022, and by early 2024, it had onboarded 1.3 million users and over 300,000 merchants. The pilot uses a token-based offline model and integrates smoothly with existing digital infrastructure like UPI and Aadhaar. Aishwary Gupta, Global Head of Payments at Polygon Labs has opened up about how different countries are learning from their CBDC experiments. “As of 2024, over 130 countries, representing 98% of global GDP, are exploring CBDCs,” Gupta said in an interview with Coinpedia. “But adoption is uneven. China’s e-CNY has over 260 million wallets and processed more than $250 billion, but its daily usage remains limited. Nigeria’s eNaira has struggled with adoption, mainly due to trust and utility gaps.” He added that India’s early success is thanks to its strong digital infrastructure and public-private collaboration. Gupta believes CBDCs must address real-world challenges like financial inclusion and remittances while preserving privacy to gain public trust. “Public-private partnerships, strong identity frameworks, and clear communication are key. Ultimately, trust in CBDCs is not built through issuance, but through design, transparency, and impact,” the expert said. The Bigger Debate: Control vs. Privacy While central banks maintain that CBDCs are meant to complement cash, not replace it, critics argue they could eventually tighten government control over monetary systems. As the world moves toward tokenized assets and decentralized technologies, concerns around privacy, surveillance, and financial freedom in a CBDC-driven economy continue to grow. The global CBDC experiment is still in its early stages, but the conversations around trust, privacy, and the role of central banks in a digital future are only getting louder.

coinpedia 2025-05-22 13:25
Can ChatGPT-powered AI agents really trade crypto for you?
Key takeaways ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency. Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading system. Failures happen when traders over-rely on ChatGPT without real-time data, proper risk management or manual oversight. Regulatory focus on AI in trading is increasing, with new frameworks emerging to ensure transparency, accountability and compliance. What if a crypto trader didn’t need to constantly check charts, worry about emotions, or stay up all night watching for sudden price swings? What if those tasks could be handled by an intelligent agent that understands instructions in plain English — and reacts within milliseconds? That’s where ChatGPT-powered AI agents come in. These tools combine natural language processing with real-time trading logic to automate decision-making in one of the world’s most volatile markets. From rebalancing portfolios to reacting to market sentiment, ChatGPT is being adapted to act as a trading assistant, risk manager and market analyst — all rolled into one. But can it truly match or even outperform human intuition? This article explores how far these agents have come, where they shine and where they still fall short. How ChatGPT-powered AI agents operate in cryptocurrency markets ChatGPT-powered AI agents are changing how people interact with crypto markets. These tools combine ChatGPT’s language abilities with external trading tools and APIs to help users monitor prices, understand trends and even place trades automatically. Instead of just reacting to charts or numbers, ChatGPT can understand plain language commands like “Buy Ethereum if the price drops below $2,000” or “Sell Bitcoin if RSI goes above 70.” These AI trading assistants can work with major platforms like Coinbase, Kraken, OKX and other centralized or decentralized exchanges and can also tap into decentralized finance (DeFi) tools and smart contracts . With the right setup, ChatGPT can help automate trading strategies based on both technical data and market news. Success stories vs. failures in ChatGPT-powered crypto trading Some traders have used ChatGPT to assist in automating parts of their crypto trading processes, particularly for strategy generation and sentiment analysis . For example, a user shared on Reddit that they used a ChatGPT-based AI agent for technical analysis on Ether ( ETH ), feeding it four-hour and daily chart screenshots. By interpreting market sentiment, support and resistance zones, and other indicators, they managed to make $6,500 in profits. Similarly, in the broader crypto sector, ChatGPT has been applied to support project development activities such as drafting white papers and marketing content. A notable example is the launch of the “TURBO” memecoin, which reportedly reached a market capitalization of over $50 million in 2024. In this case, ChatGPT was used to streamline documentation and communication rather than manage trading activity, illustrating its usefulness as a support tool in crypto-related initiatives. However, limitations are evident when ChatGPT is applied beyond its core design. While ChatGPT could suggest a trading portfolio and explain its reasoning clearly, it lacks access to real-time market data and couldn’t respond to sudden volatility. In one instance, ChatGPT was allocated $100 across multiple tokens but failed to actively manage the portfolio as prices fluctuated. This resulted in missed opportunities and underperformance compared to dynamic algorithmic strategies. Individual experiences reinforce these observations. A Redditor exposed a scam where a YouTuber promoted a “ChatGPT trading bot” tutorial that led users to deploy malicious smart contracts. The contracts, generated using ChatGPT and passed off as safe, were designed to drain user wallets once funded. Victims collectively lost $17,240 in ETH, highlighting the danger of blindly trusting AI-generated code without proper auditing. Even when asked, “If I use ChatGPT to build an AI agent for crypto trading, can I become a millionaire?” ChatGPT responded with a realistic outlook — acknowledging that while it’s possible, success depends on having a profitable strategy, disciplined risk management, and the ability to scale effectively. Here is ChatGPT’s response: These cases suggest that while ChatGPT can support certain elements of the trading process, it should not be treated as a standalone solution for autonomous crypto trading. AI in crypto trading: Key benefits and limitations AI tools like ChatGPT are increasingly being integrated into crypto trading workflows to improve speed, accuracy and efficiency. While they offer important advantages, they also carry specific limitations that traders must actively manage. Below are the main benefits and challenges: Key benefits of using AI for crypto trading AI bots can execute trades in milliseconds, crucial for capturing opportunities in fast-moving crypto markets. Bots follow pre-programmed rules precisely, eliminating emotional biases that often affect human traders. Crypto markets are always open, and AI bots can monitor and act around the clock without interruption. A single bot can manage multiple trading pairs, exchanges and strategies simultaneously. ChatGPT can understand specific prompts like “Rebalance every Monday” or “Set stop-loss at 5%,” allowing flexible automation. Limitations of ChatGPT in cryptocurrency trading ChatGPT does not access live market data unless specifically integrated with external APIs (e.g., TradingView, CoinMarketCap or exchange websockets). Instructions must be clear and unambiguous; ChatGPT may misinterpret vague or complex commands. Improperly secured API keys or lack of two-factor authentication (2FA) can expose trading accounts to unauthorized access. ChatGPT’s cloud-based infrastructure can introduce latency, which could impact performance during highly volatile periods. ChatGPT does not monitor regional compliance rules; users must manually enforce trading limits based on local regulations. Ethical and regulatory implications of AI in crypto trading As AI becomes more integrated into trading systems, it raises significant ethical and regulatory concerns that stakeholders across the financial sector are beginning to address. Accountability: If an AI agent executes a harmful or unlawful trade, questions arise around legal responsibility. It remains unclear in many jurisdictions whether liability falls primarily on the developer, the trader using the AI system or the platform facilitating the transactions. Market manipulation risks: Autonomous AI bots could unintentionally engage in activities such as spoofing (placing and canceling fake orders to mislead the market) or wash trading (creating artificial volume), especially if not properly programmed with compliance safeguards. Regulatory oversight: Financial authorities, including the US Securities and Exchange Commission and the European Securities and Markets Authority, are actively studying the implications of AI and algorithmic trading. These agencies have recognized that traditional trading regulations may not fully account for autonomous decision-making by AI systems. Policy developments: In January 2024, the European Commission released updates to its Digital Finance Strategy, which included references to AI-based financial services. While not yet finalized, these draft regulations under the broader Digital Finance Package signal a move toward stricter compliance expectations for firms deploying AI in financial markets. Meanwhile, ethical crypto platforms are beginning to voluntarily disclose the use of trading bots in their systems. In parallel, open-source communities are advocating for clearer audit trails, improved model transparency and the establishment of ethical guidelines for AI applications in finance to ensure accountability and fairness. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

CoinTelegraph 2025-05-22 13:21

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