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  • Russian Citizen “Bitmama” Russian Woman Gets 7 Years $23 Million Crypto Scam

    Russian Citizen “Bitmama” Russian Woman Gets 7 Years $23 Million Crypto Scam


    Key Insights:

    • Russian woman, Valeria Fedyakina, “Bitmama,” received a seven-year prison sentence in Russia for organizing a $23 million Bitcoin pyramid scheme.
    • She defrauded investors by pretending to help them bypass Western sanctions.
    • She was arrested while attempting to flee to the UAE, and is set to spend nearly ten years behind bars.

     

    Russia reportedly just witnessed one of its biggest crypto crime cases to date.

    According to reports, a self-proclaimed crypto expert known as “Bitmama” has been sentenced to seven years in prison. Valeria Fedyakina, a 30-year-old mother from Simferopol, was found guilty of defrauding investors out of 2.2 billion rubles (worth approximately $23 million or £17 million at the time).

    Here’s how the entire ponzi scheme played out, and stole tens of millions from investors in just 2 months.

    Russian Woman Steals Millions From Investors

    According to reports, Valeria Fedyakina set herself up as a trustworthy crypto professional. 

    She operated under the brand names “Bitmama” or “Bitmama Finance,” and claimed to be running a worldwide operation through which investors could convert their funds into crypto offshore (mainly in Dubai). She had a simple business plan, and investors seemed to buy it.

    Moreover, she offered to help clients bypass Western sanctions imposed on Russia after its Ukraine invasion, and swap rubles for crypto abroad.

    She even went as far as to promise them a small bonus of 1% on every transaction, which seemed to work perfectly when combined with her public image. Many of these clients reportedly handed her bales of cash, hoping to take advantage of the crypto market boom.

    A Pyramid Scheme All Along

    Behind the scenes, however, “Bitmama” was running a pyramid scheme. 

    Rather than investing client funds, she allegedly funneled the money into her own crypto wallets in the UAE. In just 60 days during 2023, four victims alone lost a staggering 2.2 billion rubles. 

    Reports show that some days saw transactions as high as $15 million. These, which she often processed in luxury Moscow hotels where she arranged meetings with clients.

    According to the Russian Investigative Committee, Fedyakina pretended to be an investor in the oil, gold and general commodity market. A spokesperson for the committee said she acted with “criminal intent to steal money or crypto by deceiving an ‘indefinite’ number of people.”

    Attempted Escape and Arrest

    Her downfall came, however, in September 2023. The pyramid scheme had already begun to unravel at this point, and investors were becoming suspicious. 

    Bitmama attempted to flee Russia for the UAE, which is known for its crypto-friendly policies and historically loose KYC/AML enforcement. However, she was arrested at the border, while trying to leave the country.

    Reportedly, the Russian woman was six months pregnant at the time, while Russian authorities held her in custody. She later gave birth to her daughter before being imprisoned with her daughter at Moscow’s SIZO No. 6 detention center.

    The Russian Woman Trial and Sentencing

    Last week, however, the Presnensky District Court in Moscow sentenced the Russian to seven years in a penal colony. This is in contrast to the initially sought 10 years from prosecutors under Russian fraud laws. 

    In addition to jail time however, Bitmama has been ordered to repay the full $23 million in compensation to her victims:

    Only that now, when adjusted for inflation, this figure is now close to £20 million. According to reports, this incident is not isolated. There is an ongoing trend in which individuals and entities in Russia are increasingly using crypto to avoid sanctions and even fund illegal operations.

    A separate Reuters investigation earlier this year showed how Russia’s Federal Security Service (FSB) has allegedly been using Bitcoin to pay young, inexperienced spies across Europe. 

    Overall, while Fedyakina “Bitmama” sits in a Russian penal colony, the crypto crime trend continues with new cases almost every day.



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  • Is $2K BNB The Next Big Move? DeFi And ETF Hype Build The Case


    Main Takeaways:-

    • The technical chart indicates BNB price breached above the key level, aiming for $1,552 in the short term and $3,975 in the bull cycle.
    • On May 26, the BNB chain surpassed $13.31B in daily DEX volume.
    • On May 29, Binance Coin grabbed 98.6% of daily on-chain trading volume, maintaining a commanding position in the DeFi space.

    Technical Patterns Signal BNB Breakout and Next Cycle Milestones

    According to expert Crypto Patel, the Binance Coin (BNB) price has breached resistance, indicating a trend shift. The price area of around $600 to $650 had acted as a ceiling for more than two years.

    Is $2K BNB the Next Big Move? DeFi and ETF Hype Build the Case 1

    Since this zone has been passed, the expert thinks BNB’s price could reach $1,522 soon. He also said it might go as high as $3,975 if the strong upward trend continues during the bull market.

    This prediction is based on a past pattern where the price stayed steady for a while and then went up. The latest price jump matches earlier times when BNB’s price rose after staying tight for some time.

    Also, tools like the Fibonacci extension and price channel suggest that the strongest resistance levels might be around $1,000, $1,522, and $2,000. If the current strong trend keeps going, the price could move toward these levels soon.

    BNB Chain Outpaces Rivals in DEX Volume Growth

    On May 26, BNB Chain posted $13.31 billion in decentralized exchange (DEX) trading volume, the highest compared to all other blockchains on that day.

    This volume was 7.9 times bigger than Ethereum’s $1.675 billion and 5.7 times bigger than Solana’s $2.32 billion, according to data from Cypher X and DeFiLlama. This shows that many users are active and there is a lot of money moving around in the BNB network.

    Also, the increase in volume did not last just a short time. It helped BNB Chain beat the total volume of the top 10 blockchains combined.

    Binance Dominates On-Chain Metrics at New High

    Also, according to a Dune Analytics report, by May 29, Binance Chain was responsible for over 98.6% of all on-chain trades among the tracked blockchains. Binance Wallet and Binance Alpha played a big role in giving Binance Chain this level of control.

    On the other hand, Binance Wallet controlled 96.1% of all wallet trading on May 25, after which it processed above $7.76 billion in trade volume.

    Also, Binance Alpha helps keep users coming back by offering better search tools and easier access to Web3. This makes it simple for anyone to use BNB and stay active on the network.

    Together, they create the foundation needed for users to keep using the network regularly, supporting the idea that BNB Chain is a leader in DeFi.

    Market Momentum Strengthens on ETF Filing and Sentiment Boost

    Also, outside rules and big companies have affected the market. The VanEck request to create a BNB Spot ETF has brought more investor interest and guesses about how traditional finance might start using BNB products.

    Even though we do not know when approval will happen, just the filing has helped create positive feelings about the asset.

    At the same time, the US SEC decided to drop its case against Binance, which has eased legal worries in the US. This has made big traders and crypto fans feel more confident about the BNB network.

    At the time of reporting, BNB coin price was trading at $655, dropping 2.18% on the day, with bearish momentum after failing to stay above $670, indicating short-term downside pressure.

    Read also:- The Bitcoin Boom: Why Altcoins Are Missing the Rally

    Disclaimer: Bitcoinik.com presents the latest information in the cryptocurrency market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.



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  • Binance Ties Raise Alarm Over Kenya New Crypto Regulation

    Binance Ties Raise Alarm Over Kenya New Crypto Regulation


    • Binance’s Secret $6K Deal with VAC Sparks Worries in Kenya
    • Kenya Startups Fear Binance Will Quietly Control Crypto Regulations Through VAC
    • Kenya Crypto Firms Warn Binance Ties May Threaten Fair Market Competition

    Kenya’s growing crypto sector is now facing a heated debate as local startups raise alarm over the country’s proposed Virtual Asset Service Providers (VASP) Bill. They claim the new law could hand too much power to a lobby group linked to Binance, the world’s biggest crypto exchange. According to documents shared by The Kenyan Wall Street, the regulatory board proposed in the draft law will include a private think tank termed the Virtual Asset Chamber of Commerce (VAC).

    Binance Payments to VAC Raise Kenya Crypto Concerns

    In the confidential agreement, it is shown that Binance provides VAC with a monthly policy fee of 6,000 dollars per country. In that regard, VAC will give advice on strategy, draft policy structures, and report back to Binance regularly. This contract is raising doubts as to the capability of VAC to transact on its own. This has made many small crypto firms panic that this may be an entrance that Binance can use to control the crypto regulations in Kenya to its benefit.

    In addition, Binance is already being highly scrutinized in most jurisdictions. The U.S., Nigeria, and the U.K. regulators have approached the exchange on the basis that it fails to comply with the local laws. Thus, the Kenyan startups do not want to give Binance any better influence, as they are afraid of becoming more lackadaisical in controlling their national crypto space. They fear that once VAC gets one seat beside the key players in the regulation of Kenya in his association with Binance as an employee, there will be fair competition.

    One stakeholder warns Kenya’s global image could suffer if regulators favor one big player. They even threatened that the nation might remain on Financial Action Task Force (FATF) and EU greylists, a move that would also adversely affect Kenya in terms of its capacity to attract new business and partnerships.

    Binance Link Could Undermine Kenya Crypto Fairness

    VAC, on the other hand, has fought to defend its stand. Basil Ogolla, its director, indicated that it has been two years of collaborating with the Parliament, the IMF and the central bank to defend the interest of the industry.

    His success is clearly shown in scrapping the 3% transaction tax. Moreover, he helped replace it with a 10% service tax. As a matter of fact, he adds that more than 90 percent of ideas in VAC are presently in the Virtual Assets Bill.

    Additionally, VAC says it is open to all crypto players, not just giants like Binance or Circle. Ogolla avers that the Chamber is democratic in its structure which gives equal voice to all its members. He feels that the trust of Parliament indicates that the Chamber is a level voice of the industry and not the tool of a single company.

    Earlier this year, John Mbadi, the Kenyan Finance Minister, indicated that they would like a transparent legal framework on crypto. He believes this will help the country use digital assets while managing risks. The government once banned crypto, but many Kenyans still use it every day.

    However, lots of startups are skeptical. They are afraid that VAC will develop regulations that favor large foreign companies and bar the entry of local firms. Others also argue that VAC employed the same approach in Rwanda to establish control in the crypto market of that country. With Kenya having decided to vote on the VASP Bill, the end decision will determine who will have a hand in the future ownership of the digital assets in Kenya and whether the voices of the locals will have their turn at all.



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  • Bitcoin Charts Suggest $97K Move: Bear Flag Pattern In Play


    Bitcoin dropped 11% from its $111K all-time peak as traders if key price levels do not hold and trade tensions keep rising, Bitcoin might fall to $ 97k.

    Main Takeaways:-

    • A bear flag pattern on the four-hour chart suggests that Bitcoin’s price could fall to $97,000.
    • Traders say Bitcoin’s price could fall as low as $85,000 if important support levels, like $100,000 and the yearly open near $92,000, are broken.

    Breakout Points Signal Move Toward $97K Target

    Bitcoin’s price has created a classic bear flag pattern on the four-hour chart. This happens when the price moves up a little in a narrow range after falling sharply, usually meaning the price will continue to go down.

    For Bitcoin, the bear flag started forming after the price hit a low of about $103,100 on May 31. The price stayed in this pattern over the weekend, often testing the lower support line of the flag.

    The downtrend will be confirmed if the price falls below the lower edge of the flag at $104,800. If that happens, the price could drop to about $97,690, which is the expected target based on the size of the previous price drop.

    Momentum tools like the Relative Strength Index (RSI) also support this idea. The RSI is at 44 now, which means the market still looks more likely to go down.

    Traders Reveal Key Bitcoin Price Zones for June

    According to Cointelegraph Markets Pro and TradingView, Bitcoin (BTC) has fallen 6.3% from its record high of over $111,000.

    Bitcoin’s price increased by 11% in May, but now traders are unsure where it will go next. In the past, June has been unpredictable, with an average small loss of 0.3%.

    According to crypto analyst Daan Crypto Trades, the key price levels to watch in early June are $99,600 (the middle range) and $108,000 (the old record high).

    The trader said there is a good chance that any price move in the first week could reverse, especially if there are early signs of a change in direction around those key levels.

    A chart shared with the post showed that if Bitcoin goes above $108,000, it could climb to its all-time high of $111,900. But at that point, it would likely face strong selling pressure and fall back down.

    Likewise, if Bitcoin falls below $99,600, the price could drop further until it finds support around $97,600, which is the 200-day average level.

    Analyst AlphaBTC said on June 2 that Bitcoin seems to have begun a bigger drop, which will probably continue into the second week of June.

    The expert said that if Bitcoin breaks down from a ‘bear flag’ pattern on the four-hour chart, its price might fall to around $102,000. If it drops below that, the price could go even lower toward the yearly opening price, which is just above $92,000.

    AlphaBTC asked, ‘What will happen around $92,000?’ They said if this level is a good chance to buy, Bitcoin might bounce back and start a strong recovery toward new highs.

    On the other hand, if trade tensions keep getting worse, Bitcoin could fall even more, down to about $85,000, according to the chart below.

    As Cointelegraph reported, Bitcoin traders are watching how the price ends each week and month to guess where it might go next. The important price points they are paying attention to are $100,000 and $97,000.

    Read also:- Is $2K BNB the Next Big Move? DeFi and ETF Hype Build the Case

    Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.



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  • Lightchain AI Creates Real Use in a Market Full of Whitepapers No One Ever Builds On

    Lightchain AI Creates Real Use in a Market Full of Whitepapers No One Ever Builds On


    In a market crowded with ambitious whitepapers that often remain unbuilt, Lightchain AI stands out by creating real use and delivering tangible progress. Having completed all 15 presale stages and now entering its Bonus Round, Lightchain AI is gaining momentum through active development and growing community trust.

    Its AI-native blockchain platform features a dedicated virtual machine and a consensus model that rewards meaningful computational work, enabling developers to build intelligent decentralized applications today. As the July 2025 mainnet launch approaches, Lightchain AI is proving that execution and practical utility—not just ideas—are what truly drive lasting success in the crypto space.

    In a crypto landscape saturated with ambitious whitepapers that seldom materialize into functional products, Lightchain AI distinguishes itself through tangible progress and real-world utility. Having successfully completed 15 presale stages and raised over $21 million, the project is now in its Bonus Round, emphasizing infrastructure development and developer engagement .

    Unlike many projects that remain theoretical, Lightchain AI offers a comprehensive suite of tools, including SDKs, APIs, and a full-featured sandbox environment, facilitating the creation and testing of AI-powered decentralized applications .

    Furthermore, its $150,000 Developer Grant Program provides financial support and mentorship to foster innovation within its ecosystem . By delivering on its promises and prioritizing developer support, Lightchain AI exemplifies a commitment to transforming visionary concepts into practical solutions.

    Lightchain AI stands out by delivering tangible market impact through innovative privacy and security technologies like Zero-Knowledge Proofs and homomorphic encryption, which enable secure AI computations without exposing sensitive data.

    The project’s disciplined approach includes the complete removal of the original 5% Team Allocation, redirecting those tokens to ecosystem growth and developer grants. Following the successful completion of all 15 presale stages, the active Bonus Round offers fixed pricing, attracting strategic investors seeking real utility.

    This combination of advanced cryptography, fair tokenomics, and accessible investment opportunities drives meaningful adoption and positions Lightchain AI as a leader in decentralized AI blockchain solutions.

    Welcome to the future—where AI gets cozy with decentralization. Lightchain AI tokens aren’t just a ticket; they’re your VIP access to a smarter, faster, and cooler digital world. 

    Early birds and die-hard fans get the perks as we shake up scalability with genius gas optimization and next-level token design. 

    This isn’t just another blockchain project—it’s a full-blown revolution. So, why wait? Snag your tokens today and help craft the decentralized future everyone’s been dreaming of. The future’s calling, and it’s got your name on it!



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  • Ethereum Set For A Bullish Breakout — $4K Target In Sight?


    Main Takeaways:-

    • Ethereum Price Prediction: ETH Shows a Morning Star Pattern on the Monthly Chart.
    • If Ethereum breaks above the $2,700 level, it could rise to $4,000 because of a pattern called an ascending triangle.
    • The monthly Stochastic RSI shows a positive signal, which supports a big change to an upward trend.

    Ethereum Eyes $4K as Ascending Triangle Pattern Takes Shape

    Analysts say Ethereum’s price is making a pattern called an ascending triangle on the daily chart. This means the price keeps hitting a flat resistance around $2,700, but the lows are getting higher, showing that buyers are getting stronger.

    People usually see this Ethereum price pattern as a positive sign, especially when the price keeps getting close to the resistance level more and more often.

    CryptoElites, a market expert, predicts Ethereum could reach $4,000 using a method called the measured move. This method adds the size of the triangle pattern to the point where the price breaks out to guess the next target. The analyst’s chart shows a similar past breakout, which makes the prediction more believable.

    Ethereum Set for a Bullish Breakout — $4K Target in Sight? 1

    If Ethereum’s price goes above $2,700 with a lot of buying, it could start a new upward trend. Closing strongly above this level is important to confirm the price will keep going up. This move is also helped by a pattern where the price has been moving tightly, which usually happens before prices start changing more quickly.

    Ethereum Shows Morning Star Pattern, Indicating Price Turnaround

    Analyst CryptoBullet found a Morning Star pattern on Ethereum’s monthly chart. This pattern, made of three candles, a big red one, a small one, and a big green one, closing higher, usually shows the price might change direction and start going up.

    Ethereum’s price made a Morning Star pattern around $1,800, which was a strong support level before. On the monthly chart, this pattern shows the market is likely changing from going down to starting a new upward trend.

    The chart shows Ethereum’s price is having trouble going past $2,500. If it can close above this level on the monthly chart, it would confirm the price is turning up and could keep rising. CryptoBullet says the next target is $3,300, based on past price patterns.

    Stochastic RSI Crossover Signals Strong Upward Momentum

    Another sign that Ethereum’s price might go up is the Stochastic RSI on the monthly chart. Analyst Mister Crypto says the blue line has crossed above the orange line in the oversold area. This usually means the price momentum is changing and buyers are getting stronger.

    In the past, these crossovers on bigger timeframes often happened before prices went up. Right now, this crossover matches the Morning Star pattern and areas where Ethereum has been gathering support on the chart.

    Mister Crypto says Ethereum has gone through similar times before, where buying built up first, and then the price went up a lot.

    Ethereum Set for a Bullish Breakout — $4K Target in Sight? 2

    The second buying zone on the chart looks like what happened after the 2021 high. Since the price is now steady above recent lows and momentum is getting stronger, this suggests Ethereum might be starting to recover. Traders watching the monthly charts might see this as a sign the trend is changing.

    Tracking Key Levels Moving Into Q3 2025

    On the monthly chart, traders are watching two main resistance levels: $2,500 and $2,700 on the daily chart. If Ethereum can break above these levels and confirm it, more buyers might join in and the price could go up quickly.

    In past Ethereum price cycles, these levels have been tough to pass and are important points to watch for what happens next.

    As long as Ethereum keeps making higher lows and moves past resistance, reaching price targets around $3,300 and $4,000 is still possible according to the technical analysis.

    Data shows Ethereum is trading above the $2,500 resistance level, even though it dropped slightly by 0.16% in the last 24 hours. This small drop didn’t break the important support, so Ethereum’s price is still staying in a positive, upward trend.

    Read also:- Bitcoin Charts Suggest $97K Move: Bear Flag Pattern in Play

    Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.



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  • Crypto Dips, Tesla Tumbles 14% As Trump-Musk Drama Unfolds


    Musk’s fight with Trump over politics has made the crypto market more unstable, causing investors to feel unsure again.

    A public fight between Donald Trump and Elon Musk has shaken the financial markets, causing Tesla’s stock to fall and making investors pull back from risky assets like crypto.

    The conflict peaked on June 5 during a White House meeting with the German chancellor. There, Trump openly showed he was unhappy with Musk, who used to be one of his close advisers. Trump said, “I’m very disappointed in Elon. I’ve helped him a lot.”

    Musk quickly replied. In a sharp post on X, he said Trump was ungrateful and added, “Without me, Trump would have lost the election.” This marked a big public breakdown of their strong partnership, which had grown during Trump’s second term.

    Musk vs Trump: Tensions Shake Markets

    Things got worse when Musk replied “Yes” to a post on X that said Trump should be impeached. This comment quickly got a lot of attention, even though removing Trump from office isn’t likely, since Republicans control the House and the Senate.

    Markets reacted fast to the situation. Bitcoin dropped to $100,783 on Thursday but later went above $102,700. In the last 24 hours, more than $324 million worth of Bitcoin long positions were wiped out, according to Coinglass. The overall crypto market also fell by nearly 5% during that time.

    The $TRUMP meme coin, which had climbed during the highs of their collabs, fell by 10%. Experts say Musk’s influence in the crypto space, combined with the political uncertainty, has added new uncertainty to a market that was already unstable.

    Tesla Takes a Hit as Conflict With Trump Jeopardises Government Backing

    Tesla’s shares dropped even more. The stock ended 14% lower on Thursday and has fallen 16% since Musk started criticising Trump’s domestic policy bill last week.

    Tesla’s stock is now about 33% lower than it was on Inauguration Day. This shows more people worry that the fight could risk billions of dollars in government help and contracts that are very important for Tesla’s future.

    Until recently, Musk was an important informal adviser to Trump. He helped with big policy decisions and often spoke for the government in other countries.

    Musk’s quick exit from that close group has created a gap in tech-related plans. Now, markets are unsure how the government will handle important issues like electric cars and space projects.

    Making things more uncertain, Musk has suggested he might start a new political movement. This idea, plus the chance that rules could change or money could be taken away, has made investors prepare for a tougher time. This affects not only Tesla but also the wider tech and crypto markets that often follow Musk’s actions.

    The fight is more than just politics. It’s a rare situation where personal conflict is affecting the basic workings of the market. Right now, both crypto and Tesla are stuck in the middle of this struggle.

    Read also:- Ethereum Set for a Bullish Breakout — $4K Target in Sight?

    Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.



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  • Bakkt Files with SEC to Raise $1B Crypto Strategy Fund

    Bakkt Files with SEC to Raise $1B Crypto Strategy Fund


    • Bakkt files to raise $1B via SEC shelf registration.
    • Funds to support Bitcoin and digital asset investments.
    • Strategy includes expanding crypto infrastructure, acquisitions.

    Using Form S-3, Bakkt Holdings has submitted a shelf registration to the United States Securities and Exchange Commission in order to offer up to one billion dollars worth of securities. It will use the funds to invest in Bitcoin and digital assets as part of its strategic move to utilize digital assets, including investments into its cryptocurrency infrastructure. The filed application, dated June 26, 2025, plans to circulate securities: common stock, preferred stock, and securities.

    Bakkt’s Crypto-Focused Financial Strategy

    Bakkt will be able to strengthen its operating capabilities and have its treasury diversified as a result of the capital increase. In order to deploy investments in Bitcoin and other cryptocurrencies, the corporation amended its general policy for investments.This move places Bakkt in a good position to benefit off the increasing institutional appeal into digital assets. The funds can be used in acquisition, partnerships or technological upgrades to its crypto platform.

    Source – S-3

    In the filing, Bakkt stressed the issue of flexibility, saying that funds will be used to finance its corporate general purposes. These involve possible investments in digital assets in order to consolidate its position on the market.According to the shelf registration, Bakkt is allowed to progressively list the securities, making modifications as necessary based on the current state of the market.

    The interest of the company in Bitcoin corresponds to its history as being a regulated platform of crypto. The Bakkt automated service was launched in 2018 by the Intercontinental Exchange. Its first offerings were Bitcoin futures and custody. Its turn towards investing directly in cryptocurrencies is part of a wider strategy to bridge the gap between crypto and ordinary finance.

    Market Implications and Strategic Growth

    This announcement of the filing by Bakkt is an indication that cryptocurrencies have a bright future. The company seeks to become part of an increasingly long list of publicly-traded companies that are hoarding large chunks of Bitcoin, which has become a trend introduced by firms such as MicroStrategy. The new capital may strengthen the purchasing capacity of Bakkt hence affecting the market movements of Bitcoin.

    The funds will also support operational expansion. In part, Bakkt is planning to update its platform to serve institutional and retail customers in a better way. This includes improving custody solutions and trading infrastructure. The fact that the company entered new partnerships in recent times, with Crossover Markets, is an indicator of its focus on expansion of crypto services. 

    Bakkt’s strategy comes amid a bullish crypto market. In 2025, the price of Bitcoin has shown a massive hike because of inflows in ETFs and adoption among corporations. The filing will place Bakkt in a favorable position to ride this wave, enhancing its place in the digital asset ecosystem. The issuance of new securities however is dilutive to the existing shareholders, which is reflected in the SEC document.

    Source – X

    The company’s leadership expressed optimism about the plan. According to the announcement by Bakkt, the filing gives it the latitude to acquire strategic options on the changing crypto space. 



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  • Warning Signs For AAVE: Price Could Drop 8% Soon


    Main Takeaways:-

    • AAVE’s indicators signalled a loss of momentum in buying pressure in the last ten days.
    • A decline under $260 will be an early indicator of a further decline toward the lower range.

    An AAVE whale purchased $15M of the altcoin after its fall to the $239-mark. This decline was observed as a value entry, with AAVE surging by 10% soon after. This happened before the crypto went down again at the time of writing.

    More money coming in was helping support the positive trend at the time of writing.

    Bullish Momentum Fades as AAVE Struggles at $280

    Warning Signs for AAVE: Price Could Drop 8% Soon 1

    On the 1-day chart, AAVE has been in an upward trend since May 8. The change to a bullish trend was marked in green, and since then, the coin has been making higher highs and higher lows.

    The upward trend is still there, but in the last two weeks, the price has stayed between the same high and low points. This short period of sideways movement is worth looking at more carefully. Also, on the daily chart, the A/D indicator has not changed direction.

    This might mean people are still buying the token steadily, but the buying has slowed down in the last ten days. The CMF indicator showed the same thing. It was at +0.06 when this was written, which means good money coming in, but it fell from +0.23 on May 25.

    At the same time, the RSI showed the market is still strong. But if it falls below the middle 50 level, it might be a sign that the trend is about to change.

    The 4-hour chart showed the price moving between $240 and $280 for the past two weeks. The middle point of this range is $260. When this was written, the price had dropped below $260.

    Finally, the A/D indicator and CMF showed that buying was still happening. But the RSI was at 49.3, which means selling pressure was starting to grow.

    Read also:- Crypto Dips, Tesla Tumbles 14% as Trump-Musk Drama Unfolds

    Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.



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  • Bolivia Sees 630% Surge in Crypto Transactions

    Bolivia Sees 630% Surge in Crypto Transactions


    Bolivia lifts ban, crypto payments surge sixfold, reach four hundred thirty million.

    Supreme Decree 5384 enforces strict licensing rules for all crypto providers.

    The Central Bank launches workshops teaching safe crypto use and scam prevention nationwide.

    Bolivia’s crypto market is growing fast. The Central Bank of Bolivia has reported that crypto payment transactions have reached 430 million US dollars in just 12 months. This happened after Bolivia lifted its ban on crypto in 2024. Compared to last year, this is an increase of 630%.

    VASPs Face Strict Licensing and AML Demands

    Majority of such transactions are conducted by usual citizens. Indeed, individuals made 86% of all crypto payments. Binance and similar platforms are used by many of such people. This demonstrates that crypto is getting popular as a method of everyday payments and savings.

    The Bolivian government is meanwhile moving to tame this rapid development. In May of 2025, it issued Supreme Decree No. 5384. A new law enables the simple regulation of virtual assets and Fintech companies. It tells what virtual assets are and what tokenized assets imply, how blockchain networks and custody services operate.

    Additionally, the decree stipulates tough licensing requirements on Virtual Asset Service providers (VASPs). Every VASP is now mandated with compliance to anti-money laundering and anti-terrorism financing regulations. These regulations are in conformance with GAFILAT regulations. In this way, Bolivia is going to make the crypto market safer to all.

    The central bank of Bolivia has also started a financial literacy program to make the people know how to use crypto safely. Such a step is essential since many individuals are using cryptocurrency, first time. The campaign will provide on-site workshops within all nine departments of Bolivia.

    The workshops learn people to handle the private keys and wallets. They also assist citizens to detect fraud and realize the danger of crypto price fluctuations. Even trainers teach people how to evade cheating on such applications as WhatsApp. Getting this information, the government hopes that people will use crypto without being scammed and losing their money.

    This rise in crypto is linked to a major change in government policy. Until June 2023, the usage of virtual assets payments in Bolivia was prohibited altogether. Then, the ban was lifted by the government in June 2024. This would present an opportunity to new crypto services and trading platforms.

    Bolivia Shows Trust in Crypto for Public Sector Deals

    Central Bank argues that crypto payments make the foreign currency accessible to the people. Crypto is being used to make international payments by many families as well as smaller enterprises. This is useful to self-employed workers and small shops to expand the businesses.

    Crypto is not used only by ordinary citizens. The national energy company in Bolivia, YPFB, also utilizes digital assets. YPFB started paying with crypto on imported fuel on March 13, 2025. This initiative was as a result of lack of US dollar, lack of supply chain.

    It was the case where Bolivia made use of Bitcoin or other crypto in any of their government-owned companies. It reveals that the government has confidence that crypto can be used to make quick and safe payments.

    In the future, the Central Bank will provide more information to the population. It will issue a report after every three months. Such reports will demonstrate the quantity of crypto that is being traded. The central bank shall also work with the tax office. They will also ensure that the crypto payments comply with the Bolivia tax, which incorporates VAT.

    In conclusion, the crypto market in Bolivia is thriving. The nation is also going slowly in encouraging innovation and safeguarding its citizens. It is believed that Bolivia is prepared to have a robust digital future.



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