NEAR Protocol surged in user activity, surpassing Ethereum and Binance Chain in growth. With 46 million monthly active users in May 2025, it ranks as the second Layer 1 platform. Coinglass reported a 14.14% volume rise to $495.52M, showing strong investor confidence. NEAR Protocol has stirred the blockchain industry, reporting an increase in its monthly active users (MAUs). By May 2025, NEAR had achieved an incredible 46 million monthly active users (MAUs), making it the second-largest Layer-1 blockchain after Solana . It is a historical milestone in the development of blockchain, as it has surpassed other projects, including Ethereum and Binance Chain, in terms of user activity. Source: X The expansion of the protocol is attributable to its user-centric infrastructure. NEAR simplifies blockchain access through features like account abstraction, chain signatures, and a robust dApp ecosystem. These enhancements make it more user-friendly for both new and existing users. Its emphasis on usability is paying off, as NEAR is gaining traders and investors in the digital assets domain. Nightshade sharding is NEAR’s scalability solution designed to handle large… The post NEAR Protocol’s Growth Soars: 46 Million Active Users in May 2025, Close to Solana: Report appeared first on Coin Edition .

2025-06-12 20:30

Gold approaches resistance at $3,400 as investors seek safety amid global tensions. Altcoins lag as Bitcoin dominance holds at 64.1%, delaying the anticipated altcoin season. Softer US inflation data and Fed rate cut bets support gold while pressuring crypto markets. Gold is nearing a critical technical threshold as macroeconomic uncertainties and geopolitical tensions drive investors to safer assets. Meanwhile, the pullback in altcoins has sparked inquiries about when the next crypto market rally might occur. Analyst Michaël van de Poppe highlights the current struggle at critical gold resistance levels, indicating a potential shift in overall risk appetite should gold continue its upward movement. Macroeconomic Events Drive Gold’s Strength, Pressure Risk Assets Recent events around the world have strengthened the perception of gold as a safe haven. Constant geopolitical tensions, including new US tariff threats and conflicts in the Middle East and Ukraine, have prompted investors to avoid risk. The US Federal Reserve has adopted a dovish strategy, with the markets speculating a potential rate cut by September, further weakening the US Dollar. This… The post Gold Eyes All-Time High While Altcoins Correct: Is the Crypto Rally on Hold? appeared first on Coin Edition .

2025-06-12 19:40

Mechanism Capital’s Andrew Kang warns that ETH treasury strategy firms may underperform like ETH ETFs, which failed to meet high demand expectations He predicts many will trade at significant net asset value (NAV) discounts by 2026 due to low adoption Despite a recent $281 million ETF inflow, Kang believes most ETH investment products won’t perform Andrew Kang, a leading cryptocurrency market analyst and partner at crypto investment platform Mechanism Capital, has warned that Ethereum Treasury Strategy firms may go the same way as the ETH exchange-traded funds (ETFs) – a wave of excitement followed by underwhelming success. In a recent post on X, he likened the anticipated fate of ETH treasury companies to that of the much-hyped spot ETH ETFs, which received approval from US regulators last year. Despite initial market optimism, early ETF trading volumes have been modest at best, giving way to harsh market reality. A Parallel to the Underwhelming Spot ETH ETF Launch This has led many to reassess their expectations for institutional demand. As Kang wrote, “ demand expectations [are] much higher than reality. ” In other words, companies adopting an ET… The post ETH Treasury Firms Could Crash Like ETFs, Says Analyst appeared first on Coin Edition .

2025-06-12 19:15

Hacker converts $16.34M DAI back to ETH and launders $12.65M via Tornado Cash. Stolen Bitrue tokens were swapped into ETH, then sold and reused for laundering. Wallet still holds $8.04M DAI and 3,510 ETH, signaling ongoing laundering activity. A crypto wallet linked to the $23 million Bitrue exchange hack of April 2023 has resurfaced after months of dormancy, with new on-chain movements showing a calculated effort to launder the stolen funds. According to data shared by blockchain analyst @EmberCN, the attacker is actively converting assets into Ethereum (ETH) and funneling them through Tornado Cash, a well-known crypto mixer. 更新： Bitrue 黑客目前已经使用 830.4 万 DAI 购买了 3000 枚 ETH。 然后已经将 4600 枚 ETH ($12.65M) 通过 Tornado (龙卷风) 洗走。 地址里目前还有 804 万 DAI 跟 3510 枚 ETH。 pic.twitter.com/NsrtLYx1JE — 余烬 (@EmberCN) June 12, 2025 The laundering activity marks the latest chapter in a long-running saga that began when various assets, including ETH, QNT, GALA, and SHIB, were stolen from the exchange. Related: From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move … The post Wallet from 2023’s $23 Million Bitrue Hack Becomes Active, Launders Funds via Tornado Cash appeared first on Coin Edition .

2025-06-12 18:30

DeFi Development withdraws Form S-3 registration after rejection due to a missing report. Company plans to refile a resale registration statement to continue the $1B SOL purchase goal. Firm currently holds 609,190 SOL worth over $97 million after 11 separate purchases. DeFi Development Corp. has withdrawn its Form S-3 registration statement from the Securities and Exchange Commission because of regulatory rejection. This resulted in a short-term suspension of the company’s plan to raise $1 billion in an effort to acquire more Solana tokens. The SEC decided that the Nasdaq-listed company was not qualified to file the Form S-3 for the omission of a mandated report of management’s internal control over financial reporting before the designated time. The company requested withdrawal on June 11, 2025, and asserted that the action is in line with “public interest and the protection of investors” under Securities Act rules. Chief Financial Officer Fei Han executed the withdrawal documents, including the original registration statement filed on April 25. DeFi Development Corp. To File a New Resale Statement Despite regulatory denial, DeFi Development Corp. conf… The post DeFi Development Corp. Withdraws $1 Billion SEC Filing, Eyes More Solana Buys appeared first on Coin Edition .

2025-06-12 18:15

Bitcoin is consolidating near $107K after facing resistance at the $110K level. Long-term models like PlanB’s S2F continue to predict a major bull run ahead. Analysts see the $106K level as critical short-term support for the uptrend. Bitcoin remains in focus as it trades near $107,000, sparking debate on whether the next major rally is approaching. Market participants are closely watching price behavior and key technical levels to determine if history will repeat with a 2013-, 2017-, or 2021-style bull run. With historical RSI peaks marking explosive gains, traders and analysts are now speculating on whether Bitcoin could multiply from its current levels, possibly reaching $200,000 or more. PlanB’s Power-Law Model Points to a 5-10x BTC Rally PlanB, the analyst known for the stock-to-flow (S2F) model, argues that Bitcoin continues to follow its long-term powerlaw trend. This model historically signaled major bull cycles, with price jumps of 100x, 10x, and 4x in previous cycles. As per PlanB’s framework, Bitcoin may be primed for a 5–10x increase from current levels, aligning with the S2F target range. If the model holds, this could point to a c… The post Bitcoin Eyes Next Surge: Bullish Structure Holds Above $106K Amid Geopolitical Tensions and Historical Cycles appeared first on Coin Edition .

2025-06-12 17:45

Shaquille O’Neal settled for $1.8 million over allegations he misled investors by promoting FTX, including via his festival Shaq’s Fun House Unlike other celebrity endorsers such as Tom Brady and Gisele Bündchen, Shaq remained entangled in the case after months of dodging legal service The deal ends his involvement without admitting wrongdoing and bars him from reclaiming funds from the FTX estate As the FTX saga continues, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a lengthy class-action lawsuit over allegations that he promoted the now-defunct cryptocurrency exchange, according to a recent report . The retired basketball star faced accusations of misleading investors via different avenues. Specifically, these included social media promotions and event sponsorships, some via his branded festival, Shaq’s Fun House, which was sponsored by FTX. The crypto exchange later collapsed and its founder/CEO, Sam Bankman-Fried, was convicted of fraud and money laundering charges. A Months-Long Effort to Serve O’Neal with Legal Papers Other celebrity defendants who endorsed FTX, including Tom Brady, Gisele Bündchen, and … The post Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit appeared first on Coin Edition .

2025-06-12 16:30

Stablecoin market cap has hit an all-time high of $228 billion, marking a 17% rise in 2025 alone. Major institutions like Societe Generale and US Bancorp are entering or reviving stablecoin operations. Interest in stablecoins among Fortune 500 and SMBs has more than tripled, as per a Coinbase report. The stablecoin market has surged to an unprecedented $228 billion, according to new research, a record high driven by a wave of adoption from major global banks and Fortune 500 companies who are increasingly turning to digital dollars for their efficiency and speed. This marks a $33 billion, or 17%, increase in the total stablecoin market cap since the start of 2025. According to Leon Waidmann, Head of Research at Onchain Foundation, this growth shows that the current market cycle “is far from over.” Stablecoin market cap hits an all-time high! NOW at $228B. Up $33B (+17%) this year alone. Centralized exchanges now hold more stablecoins than ever. Liquidity keeps growing. This cycle is far from over! pic.twitter.com/TcZBHX6rr1 — Leon Waidmann (@LeonWaidmann) June 12, 2025 The milestone comes as Bitcoin hovers just below its all-time high, briefly touching $… The post Stablecoin Market Hits Record $228 Billion as Global Banks and Corporations Pile In appeared first on Coin Edition .

2025-06-12 15:45

After a period of sharp retracement, the PEPE price today is stabilizing near the $0.00001230 region, a level that has proven to be a short-term demand zone on multiple timeframes. Despite the recent pullback from the $0.00001350 high, PEPE remains structurally intact above key trendline support and the lower bounds of a broader consolidation channel. As of June 12, the token is down 1.00%, but signs of hidden strength are emerging across oscillators and EMAs. What’s Happening With PEPE’s Price? PEPE price dynamics (Source: TradingView) The PEPE price action over the past few sessions has shown a clean rejection from the $0.00001350 resistance level, which coincides with the upper band of the 4-hour Bollinger channel. Price has since drifted back toward the mid-range support near $0.00001220. This area also aligns with a prior breakout zone and remains protected by the 100 and 200 EMA bands between $0.00001230 and $0.00001207. PEPE price dynamics (Source: TradingView) Despite the near-term weakness, the broader uptrend remains intact as long as PEPE holds above the $0.00001200 support shelf. The daily chart shows a strong bounce from the $0.00001095 swing … The post PEPE Price Prediction for June 13, 2025: Key Support Holds at $0.00001220 as Bulls Aim for $0.00001320 appeared first on Coin Edition .

2025-06-12 15:26