Category: Cryptocurrency News

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.

According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests tokens like USDC and USDT are parked, ready for the next move. Traders shift them in and out of Bitcoin and altcoins. Payment platforms weave them into digital rails. The scale is hard to ignore. IMF Deputy MD Raises Money Question According to IMF Deputy Managing Director Bo Li, the big challenge is classification. Are stablecoins part of M0, M1 or a new category altogether? He posed those questions at the 2025 World Economic Forum in Davos. Getting that wrong could reshape how banks set reserves and how regulators cut red tape. Li also pointed out that policy experiments are popping up all over. Some of them may not survive a real stress test. Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but… https://t.co/V75hFYV5pX #Stablecoin #Cryptocurrency #IMF #Regulation #Finance — Entrepreneur_cm (@entrepreneur_cm) June 25, 2025 National Rules Diverge Based on policy outlines, the US is moving ahead with the GENIUS Act. Europe has drafted its own rulebook. Over in Asia, Hong Kong plans to roll out its Stablecoin Ordinance in August 2025. Those efforts show a strong push to make rules more clear. But they also underscore a lack of global unity. Businesses could face one set of rules in New York, another in Brussels and a third in Hong Kong. That patchwork approach risks adding costs for firms and confusion for users. Global Bodies Seek Cooperation According to Bo Li’s remarks, fragmented rules carry real risks. He warned that gaps in enforcement might let bad actors slip through. To avoid that, the IMF is teaming up with the Financial Stability Board and the Basel Committee. Their goal is to craft more consistent guidance. If they pull it off, regulators in different countries might follow a shared playbook rather than compete by cutting corners. Related Reading: Bitcoin Braces For Fed Shake-Up As Trump Eyes Powell Exit Market Keeps Growing Based on market data, stablecoin supply has now topped 250 billion. A large share of that capital is parked in Bitcoin, waiting for the next rally. Some analysts spot chart patterns that echo early altcoin breakouts. That could signal a fresh surge of trading across tokens once confidence builds. For now, stablecoins sit at the center of crypto plumbing. Featured image from Unsplash, chart from TradingView

Ethereum has seen a notable spike in its daily transactions after a week filled with uncertain market movement. While the rise in the daily transactions has caught attention, what is really essential to point out is that it has been a long time since the daily transactions have been this high. In fact, the spike has led to the highest level that Ethereum’s daily transactions have been in over 16 months, showing a return to the blockchain that seemed previously abandoned. Ethereum Daily Transactions Cross 1.7 Million According to data from the on-chain data aggregation website, Nansen, the Ethereum daily transaction count has spiked by almost 50% over the last few days. The week had begun with the daily transaction count sitting at 1.2 million on Monday. However, by Wednesday, this figure was already changing rapidly to reach new yearly peaks. Related Reading: Extended Wave 5 Scenario Puts Bitcoin Price Above $300,000 With Step-Like Structure In Place As the Ethereum price rose above $2,400, so did participation on the blockchain, leading daily transactions to rise to 1.729 million. This sharp spike has led to the highest level so far in 2025, and is the first time since January 2024 that the daily transactions has crossed the 1.7 million mark. At the same time, there was also an unusual spike in the daily active addresses, which rose by almost 50% as well in the same time period. The daily active addresses rose from 345,406 addresses to 593,637 addresses in the space of four days. All of these have happened as the Ethereum price has recovered, suggesting that the spike in on-chain participation is actually more from investors buying than selling. If this trend continues, then it could send the Ethereum price soaring higher from here. Sell Volume Begins Dominating ETH Price In contrast to the rise in Ethereum on-chain participation, there has also been an increase in the on-chain sell volume compared to the buy volume. Nansen data points out that in the $168.37 million on-chain buy volume recorded in a 24-hour period, approximately $78.15 million was going toward buys, while a little over $90 million was from sellers. Related Reading: Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming Furthermore, when it comes to individual transactions involved in buying and selling Ethereum, the sellers remain in the lead. There were more than 52,000 buy transactions recorded during this period, with around 24,300 buyers. While the sell transactions ran up towards 74,000, with sellers at more than 32,000. This shows a higher percentage of sellers compared to buyers, which would explain why the price has been unable to reach other support levels. This rise in the selling volume suggests that the buys are not enough to absorb the selling volume. This could fight off any buying momentum that could lead to a price recovery and keep the Ethereum price down while the crypto market struggles to find its footing. Featured image from Dall.E, chart from TradingView.com