Multichain priceMULTI

Even though I’ve mentioned a few times that I hold $SERV, I never really made an official call, so here it is. I’ve been steadily loading up $SERV over the past month with an average entry around 17–18M market cap. The reason is simple, in terms of tech, there’s really no other project that comes close to them in the #AI multi-agent narrative. If you’re deep into the AI side of things, I highly recommend checking out their docs. Another bonus is 0/0 tax and has deep liquidity, which made it an ideal pick for me to buy with size. Finally, the way the project is being handled is like a real company in terms of professionalism, it does not mean it will make 1b$ market cap, but definitely a very good sign. NFA, just a personal opinion.

Taiwanese authorities have charged four senior executives of digital asset management platform Steaker for allegedly raising NT$1.48 billion ($45.8 million) through unauthorized cryptocurrency investment schemes. The Taipei Prosecutors’ Office confirmed the charges Thursday, pointing to Banking Act rules about taking deposits without a license. Steaker founder Huang Weixuan, Chief Technology Officer Xiu Minjie, Chief Marketing Officer Lu Tianxin, and Chief Operations Officer Pan Yiting face charges over the operation. The prosecution has requested the court to penalize the company under the Banking Act. However, Huang, who has been released on bail, also faces additional charges for financial misconduct involving investor funds. According to prosecutors, Steaker operated multiple virtual currency investment plans beginning in 2019, promising investors returns ranging from 3.5% to 88% annually. The company raised funds in Tether, Bitcoin, and Ethereum while claiming the investments were protected by a user asset security fund, or SAFU, in partnership with security firm CYBAVO. Related: Avoiding Another FTX? Vanuatu Adviser Explains New Crypto Law’s Goal The charges allege that Steaker assured investors of principal and interest protection, a practice regulators have interpreted as deposit-taking without appropriate licenses. Over three years, the plans reportedly attracted hundreds of millions of dollars in New Taiwan. Investigators report that once investor funds reached a certain threshold, they were transferred to wallets under Huang’s control on FTX. According to the prosecution, these funds were used for profitable trading and high-return lending to capture price differences. And when FTX collapsed in November 2022, Steaker thereby lost access to its funds and could not meet investor obligations. Additional findings show that a portion of the virtual assets were redirected from FTX to private currency traders and used to cover salaries for Steaker employees. Huang Weixuan responded to the charges in a Facebook post, stating that Steaker’s multi-chain asset flow and operations model should not be classified as money laundering. Related: North Korea’s Crypto Scheme: IT Worker Disguise Funds Military The company also expressed concern over prosecutors’ interpretation of the Banking Act, particularly their decision to equate virtual assets with legal tender under the law. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Andrew Kang: Trade war and "Trump Put" will help BTC reverse its multi-month downward trend Trader Andrew Kang wrote that the current market clearing caused by the trade war and the expectation of "Trump Put" provide a perfect opportunity for BTC to reverse its multi-month downward trend. He hinted that BTC may usher in a strong rebound.

One of the most shocking NFT sales of the year just happened: A trader sold CryptoPunk #3100, one of the rarest Alien Punks, and took a $10 million hit on the trade. The seller originally bought the Punk for 4,500 ETH in March 2024 – worth about $15.79 million back then. This week, they sold it for 4,000 ETH, which doesn’t sound like a huge discount at first glance… but here's the catch: The Ethereum price has dropped nearly 55% since then. The 4,000 ETH sale now equals only around $6.06 million, locking in a brutal loss, as reported by Cryptotimes . Back in March 2024, ETH was trading at $3,500. Today, it sits around $1,568 – which means the seller didn’t just lose on the NFT itself, but also on the value of the underlying crypto asset. This sharp drop is what transformed a seemingly minor ETH difference into a multi-million-dollar loss. ETH/USD price in the past week - TradingView CryptoPunk #3100 is no ordinary NFT. It’s part of the Alien Punks collection – with only 9 in existence out of 10,000 total CryptoPunks. At the time of its original purchase, it was the second-highest sale ever recorded for a Punk. This case isn’t unique. Over the past few months, many NFT investors have sold at steep losses, especially those who bought in during the 2021–2022 hype cycle. The sale of CryptoPunk #3100 underscores how volatile and speculative the NFT market can be, particularly when combined with crypto price swings. Once a booming asset class, NFTs have seen declining volumes, floor prices, and investor sentiment across major collections. Even ultra-rare tokens aren’t immune. One of the most shocking NFT sales of the year just happened: A trader sold CryptoPunk #3100, one of the rarest Alien Punks, and took a $10 million hit on the trade. The seller originally bought the Punk for 4,500 ETH in March 2024 – worth about $15.79 million back then. This week, they sold it for 4,000 ETH, which doesn’t sound like a huge discount at first glance… but here's the catch: The Ethereum price has dropped nearly 55% since then. The 4,000 ETH sale now equals only around $6.06 million, locking in a brutal loss, as reported by Cryptotimes . Back in March 2024, ETH was trading at $3,500. Today, it sits around $1,568 – which means the seller didn’t just lose on the NFT itself, but also on the value of the underlying crypto asset. This sharp drop is what transformed a seemingly minor ETH difference into a multi-million-dollar loss. ETH/USD price in the past week - TradingView CryptoPunk #3100 is no ordinary NFT. It’s part of the Alien Punks collection – with only 9 in existence out of 10,000 total CryptoPunks. At the time of its original purchase, it was the second-highest sale ever recorded for a Punk. This case isn’t unique. Over the past few months, many NFT investors have sold at steep losses, especially those who bought in during the 2021–2022 hype cycle. The sale of CryptoPunk #3100 underscores how volatile and speculative the NFT market can be, particularly when combined with crypto price swings. Once a booming asset class, NFTs have seen declining volumes, floor prices, and investor sentiment across major collections. Even ultra-rare tokens aren’t immune.

In a dramatic turn of events, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly filed to pause their legal battle for 60 days — signaling that an official settlement may finally be within reach. With the case dragging on since 2020, this motion marks a potential end to one of crypto’s most influential and closely watched lawsuits. But is this truly the end of the XRP saga, or just a temporary truce? According to the motion filed on Thursday, both parties agreed to place their appeals and cross-appeals in abeyance — a legal term meaning they’re on hold — while they work toward a negotiated resolution. The filing states that doing so would conserve judicial resources while both sides finalize the terms of an “agreement-in-principle,” which still requires formal approval from the SEC. This isn’t just legal politeness. The language of the motion, including phrases like “pursue a negotiated resolution”, makes it clear that both parties are actively working toward a settlement rather than continuing an exhausting and expensive appeals process. The XRP community has long awaited closure in this multi-year case. At the heart of the lawsuit is a crucial question: Is XRP a security? A prior court ruling last year gave Ripple partial victory by stating that its programmatic sales of XRP did not constitute securities offerings, although certain institutional sales did. The fact that the SEC chose not to continue its appeal , and Ripple backed off from cross-appealing, shows both sides are ready to move forward. XRP’s modest price bump after the filing (+0.59%) reflects cautious optimism, but a confirmed settlement could send a much stronger bullish signal, not just for XRP, but for the wider altcoin market . This settlement motion didn’t happen in a vacuum. Since President Trump returned to power , his administration has moved swiftly to de-escalate tensions between regulators and the crypto industry. The SEC has dropped lawsuits against multiple firms, including Coinbase and Kraken, and has taken a softer stance on classifying cryptocurrencies. This evolving political environment appears to have influenced the SEC’s approach in the Ripple case as well. Instead of doubling down, the agency is now seeking cooperation and clarity, focusing its resources on clearer fraud cases, especially involving memecoins and unregistered schemes, rather than pursuing blanket enforcement. Yes — and that’s what makes this moment so important. Ripple v. SEC was the test case for whether crypto tokens could be deemed securities under U.S. law. A settlement — especially one that doesn’t label XRP as a security — would offer the industry a working legal framework and a psychological boost. Moreover, if the SEC finalizes the agreement-in-principle and the court signs off, this case could become the foundation for future crypto compliance — where token issuers can point to Ripple as proof that programmatic sales are not inherently illegal. The current 60-day abeyance means nothing is final — yet. The SEC still needs to approve the agreement internally, and the district court must issue an “indicative ruling” once both sides are ready. If the deal is confirmed, Ripple could close the chapter on its legal battle and redirect its focus on global expansion and institutional partnerships. For XRP, a clean legal slate could act as a launchpad for a price breakout, especially if the broader market stabilizes and altcoin sentiment improves. A confirmed settlement would remove a years-long cloud of uncertainty and potentially reignite retail and institutional interest in XRP. It looks like it. While legal caution still surrounds the case, the tone and intent of the joint motion clearly point toward settlement rather than further litigation. If this agreement holds, it won’t just impact XRP — it could reshape how the SEC engages with the entire crypto industry in 2025 and beyond. Now all eyes turn to the next 60 days — because what happens in this brief legal pause could echo across the crypto world for years. In a dramatic turn of events, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly filed to pause their legal battle for 60 days — signaling that an official settlement may finally be within reach. With the case dragging on since 2020, this motion marks a potential end to one of crypto’s most influential and closely watched lawsuits. But is this truly the end of the XRP saga, or just a temporary truce? According to the motion filed on Thursday, both parties agreed to place their appeals and cross-appeals in abeyance — a legal term meaning they’re on hold — while they work toward a negotiated resolution. The filing states that doing so would conserve judicial resources while both sides finalize the terms of an “agreement-in-principle,” which still requires formal approval from the SEC. This isn’t just legal politeness. The language of the motion, including phrases like “pursue a negotiated resolution”, makes it clear that both parties are actively working toward a settlement rather than continuing an exhausting and expensive appeals process. The XRP community has long awaited closure in this multi-year case. At the heart of the lawsuit is a crucial question: Is XRP a security? A prior court ruling last year gave Ripple partial victory by stating that its programmatic sales of XRP did not constitute securities offerings, although certain institutional sales did. The fact that the SEC chose not to continue its appeal , and Ripple backed off from cross-appealing, shows both sides are ready to move forward. XRP’s modest price bump after the filing (+0.59%) reflects cautious optimism, but a confirmed settlement could send a much stronger bullish signal, not just for XRP, but for the wider altcoin market . This settlement motion didn’t happen in a vacuum. Since President Trump returned to power , his administration has moved swiftly to de-escalate tensions between regulators and the crypto industry. The SEC has dropped lawsuits against multiple firms, including Coinbase and Kraken, and has taken a softer stance on classifying cryptocurrencies. This evolving political environment appears to have influenced the SEC’s approach in the Ripple case as well. Instead of doubling down, the agency is now seeking cooperation and clarity, focusing its resources on clearer fraud cases, especially involving memecoins and unregistered schemes, rather than pursuing blanket enforcement. Yes — and that’s what makes this moment so important. Ripple v. SEC was the test case for whether crypto tokens could be deemed securities under U.S. law. A settlement — especially one that doesn’t label XRP as a security — would offer the industry a working legal framework and a psychological boost. Moreover, if the SEC finalizes the agreement-in-principle and the court signs off, this case could become the foundation for future crypto compliance — where token issuers can point to Ripple as proof that programmatic sales are not inherently illegal. The current 60-day abeyance means nothing is final — yet. The SEC still needs to approve the agreement internally, and the district court must issue an “indicative ruling” once both sides are ready. If the deal is confirmed, Ripple could close the chapter on its legal battle and redirect its focus on global expansion and institutional partnerships. For XRP, a clean legal slate could act as a launchpad for a price breakout, especially if the broader market stabilizes and altcoin sentiment improves. A confirmed settlement would remove a years-long cloud of uncertainty and potentially reignite retail and institutional interest in XRP. It looks like it. While legal caution still surrounds the case, the tone and intent of the joint motion clearly point toward settlement rather than further litigation. If this agreement holds, it won’t just impact XRP — it could reshape how the SEC engages with the entire crypto industry in 2025 and beyond. Now all eyes turn to the next 60 days — because what happens in this brief legal pause could echo across the crypto world for years.