Cryptocurrency Live News & Updates : Polymarket Faces Criticism Over Zelenskyy Suit Betting
A $160 million betting market on whether President Zelenskyy wore a suit has been manipulated by wealthy traders exploiting Polymarket's oracle system, raising concerns about the integrity of decentralized platforms. Recent developments in the cryptocurrency space highlight significant issues and innovations. Polymarket is under scrutiny as a $160 million betting market on President Zelenskyy's attire has been distorted by wealthy traders manipulating the UMA oracle system, which rewards majority votes over factual accuracy. This controversy raises questions about the reliability of decentralized platforms. Meanwhile, Binance's USD-M perpetual futures market saw ETH/USDT, BTC/USDT, and SOL/USDT leading in trading volume, indicating robust activity in the crypto trading sector. In Hong Kong, regulatory discussions are advancing with the Securities and Futures Commission focusing on a framework for virtual asset trading services, reflecting the region's commitment to establishing a structured digital asset environment. Additionally, an update on FTX's bankruptcy proceedings revealed $11 billion in expected claims, with a significant portion tied up in jurisdictional issues. Lastly, investment firm Calamos has introduced a 'protected Bitcoin' strategy aimed at institutional investors, combining Bitcoin futures with U.S. Treasuries to mitigate risk while allowing for potential gains. These stories collectively underscore the evolving landscape of cryptocurrency and the challenges it faces. Show more
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Time of India
4 hours ago
- Time of India
Which crypto will explode in the 2nd half of 2025? Bitcoin (BTC), Ethereum (ETH), and 4 More tokens to buy and hold
The second half of 2025 is expected to bring sharp upward movement across several major crypto assets. From established giants to rising altcoins, investor focus is shifting toward projects with strong fundamentals. Bitcoin and Ethereum continue to dominate in terms of market cap and institutional confidence. Meanwhile, Solana, Avalanche, Chainlink, and Little Pepe are being positioned as strategic long-term holds. Among them, Little Pepe is gaining attention for its blend of meme culture and blockchain utility. Bitcoin and Ethereum Set to Lead the Market with Massive Surges Bitcoin (BTC) currently trades above $109,000 and continues to benefit from growing institutional adoption and halving effects. Analysts cite its decreasing supply rate and ETF momentum as key drivers for continued appreciation. Ethereum (ETH), priced at $2,606, is showing strength due to the increasing adoption of Layer 2 chains and DeFi platforms. Ethereum's transition to proof-of-stake and EVM expansion supports its network activity and scalability. Both BTC and ETH are forecasted to lead the crypto market's next bullish phase in 2025. The 4 Best Tokens to Buy and Hold in H2 2025 Buy and hold is a long-term investment strategy where users purchase crypto and retain it over months or years. The method reduces exposure to short-term volatility while allowing assets to mature as development progresses. Among the top 4 tokens being noted for their long-term potential in the second half of 2025 are: 1. Solana (SOL) Solana (SOL) is trading at $155 and is gaining visibility with the introduction of a U.S. Solana ETF proposal. Known for its high throughput and developer-friendly environment, Solana supports fast-growing DeFi and NFT ecosystems. Its enhanced scalability and low fees continue to drive increased institutional and retail interest. 2. Avalanche (AVAX) Avalanche (AVAX) trades near $19 and maintains its status as a key Ethereum alternative. The Avalanche consensus model allows for sub-second finality, supporting enterprise use cases and decentralised applications. Ongoing integrations and cross-chain bridges are expected to expand its ecosystem in 2025. 3. Chainlink (LINK) Priced at $13.87, this digital asset leads the decentralised oracle sector and secures billions in DeFi protocols. Chainlink's Cross-Chain Interoperability Protocol (CCIP) continues to gain traction, adding new utility layers. Its technology allows smart contracts to access off-chain data securely, strengthening its role in decentralised infrastructure. 4. Little Pepe ($LILPEPE) Being the only meme coin among the group with a fully operational Layer 2 blockchain. Built on Ethereum compatibility, the network offers ultra-low gas fees, high speeds, and staking features. Unlike traditional meme coins, Little Pepe includes sniper bot protection, zero trading tax, and DAO voting for community governance. $LILPEPE: Layer 2 Power Meets Meme Utility Little Pepe has a total supply of 100 billion tokens, with zero tax on trades and a structured tokenomics model, which is rare among meme tokens. It supports staking rewards, DAO governance, sniper bot protection, and a Meme Launchpad for creators to build new meme assets. Future integrations include NFT support and cross-chain compatibility. The project is currently in Stage 4 of its presale, with the token priced at $0.0013 per LILPEPE, which is a notable increase from its initial price of $0.001. A total of $3.4 million has been raised so far out of the $4,475,000 target. Out of 3,750,000,000 tokens, 2.9 billion have already been sold in the current stage. Previous stages sold out quickly at prices of $0.0010, $0.0011, and $0.0012. The next presale stage will begin at $0.0014. Source: Little Pepe Token distribution includes 26.5% for presale, 10% liquidity, 13.5 billion for staking, 10 billion for CEX reserves, 10% for marketing, and remaining 30% for future developments. The blockchain is engineered for EVM compatibility and ultra-low fees, with all systems pointing to a growing network ecosystem. $777,000 Giveaway Now Live for Presale Buyers To celebrate its growing adoption, Little Pepe launched a $777,000 giveaway campaign. Ten winners will each receive $77,000 worth of LILPEPE tokens by participating in the presale with their preferred amount. The giveaway is open during the presale only, and anyone who contributes qualifies automatically. No minimum buy amount is required to participate. Purchases can be made using ETH, USDT (ERC20), or with a credit/debit card through a DeFi wallet. The presale began on June 10 and currently shows a 78% rating as the next stage nears. The demand in early phases reflects increased investor confidence in utility-backed meme projects. Conclusion: Real Utility Drives Little Pepe Ahead of the Pack Bitcoin and Ethereum will stimulate the growth of the second half of 2025 due to their current dominance in the marketplace and adoption. There is a good case to hold and buy Solana and Avalanche, and Chainlink on the basis of their infrastructure and innovation. But a single meme token is fully blockchain-anonymous and features a working Layer 2 network: Little Pepe. It's increasing presale, a zero-tax rule, staking, and governance through DAO have short-term and long-term attractiveness. On the next level, NFTs, cross-chain capability, and Meme Launchpad tools are under development, making Little Pepe an effective choice among serious crypto investors in 2025. For More Details About Little PEPE, Visit The Below Link: Website:
Time of India
8 hours ago
- Time of India
Crypto price today: Bitcoin holds near $108k amid geopolitical cues; Altcoins slide up to 6%
The cryptocurrency market edged lower on Tuesday, with Bitcoin and major altcoins seeing mild declines amid a mix of geopolitical developments, macroeconomic events, and ongoing institutional interest. As of 11:42 am IST, Bitcoin was trading 0.7% lower at $108,209, while Ethereum dropped 0.67% to $2,554, according to CoinMarketCap. The global crypto market capitalisation dipped 0.9% to $3.34 trillion. Among notable altcoins, BNB, Solana, Tron, Dogecoin, Cardano, Sui, and Chainlink declined up to 3%. Hyperliquid was among the biggest losers, falling over 6% to $37.48. Despite the subdued price action, analysts said underlying sentiment remains largely bullish, supported by improving global cues and sustained institutional activity. 'Bitcoin is holding firm near $108,000 as global sentiment improves following Trump's decision to delay the tariff deadline to August 1st,' said Edul Patel, Co-founder and CEO of Mudrex. 'Bitcoin futures have regained strength, with aggregated open interest rising 7% over the past month—marking the first sustained uptick since May.' CoinSwitch's Markets Desk noted that Bitcoin had briefly touched intraday highs near $109,572 before retreating, largely due to fresh macro and geopolitical headlines. 'President Trump's new tariffs on Japan and South Korea and the delay in trade deadline from July 9 to August 1 triggered some caution in the market,' the firm said in a note. Ethereum also eased from its high of $2,585 to around $2,535, though analysts pointed to continued optimism due to staking demand and ETF exposure. Sathvik Vishwanath, Co-founder and CEO of Unocoin, highlighted that Bitcoin's technicals remain strong. 'RSI is near 55, and BTC is holding above key moving averages. Resistance lies at $109K–$110K, and if breached, we could see a rally toward $112K–$115K. On the downside, a drop below $107K may lead to a correction toward $105K.' Riya Sehgal, Research Analyst at Delta Exchange, flagged a corrective phase for Bitcoin. 'BTC is facing rejection from the supply zone between $109,680 and $110,400 and is currently under pressure below $108,484. Support lies at $107,306. A breakdown could drag prices toward $105,220.' On Ethereum, Sehgal noted support at $2,520 and resistance at $2,600. 'A break below $2,500 could push ETH to $2,320, while a recovery above $2,600 opens the path to $2,720,' she added. Despite the price consolidation, institutional investors appear to be accumulating digital assets. Spot Bitcoin ETFs saw inflows of $216.5 million as of July 7, while Ethereum ETFs attracted $62.1 million. Solana ETFs added $8.8 million. 'Semler Scientific acquired an additional 187 BTC, and Bit Digital reallocated fully into Ethereum, now holding over 100,000 ETH,' Sehgal said. 'These flows reflect continued institutional confidence despite short-term volatility.' Also Read: Crypto Gems: Top crypto assets to watch & buy in July 2025
Economic Times
9 hours ago
- Economic Times
$200K cross-border crypto scam busted: Binance aids Ahmedabad Police in major crackdown
A major cross-border crypto scam involving over $200,000 (approximately Rs 1.75 crore) has been uncovered by the Ahmedabad Cyber Crime Branch with the assistance of global blockchain platform Binance. The scam, part of a rising wave of "digital arrest" frauds, spanned multiple countries in South and Southeast Asia and targeted vulnerable individuals using fake legal threats and crypto laundering tactics. ADVERTISEMENT One of the most shocking cases involved a 90-year-old man from Gujarat who was manipulated into transferring Rs 1.25 crore after being falsely accused of legal violations. In another incident, a young Indian jobseeker was lured to Nepal under the guise of employment, held captive, and forced to launder nearly Rs 49 lakh through cryptocurrency wallets. Investigators were able to crack the network by leveraging the transparency of blockchain technology. Binance's Financial Intelligence Unit (FIU) worked closely with law enforcement, tracking suspicious wallet activity, identifying laundering routes, and providing actionable intelligence that led to the arrest of suspects involved in both cases.'This case highlights the growing sophistication of cyber scams and the need for cross-border cooperation,' said a senior investigator from the Ahmedabad Cyber Crime Branch. 'With timely support from Binance's FIU team, we were able to trace the crypto trail, identify key suspects, and move quickly on arrests. Our goal is to dismantle this criminal network at its roots and protect other potential victims.'The so-called "digital arrest" scams involve criminals impersonating police or government officials to intimidate victims into transferring money. In many cases, funds are routed through crypto wallets or rented bank accounts to obscure their origin. ADVERTISEMENT Binance's regional operations team emphasized that blockchain's traceability played a key role in tracking the illicit funds.'Every blockchain transaction leaves a visible, verifiable trail,' said Kushal Manupati, Regional Growth & Operations Lead, South Asia at Binance. 'This case is a strong example of how crypto, when used responsibly, can help fight financial crime. Binance is committed to supporting investigations that protect users and uphold the integrity of the ecosystem.' ADVERTISEMENT The crypto platform said it remains focused on working with global and local agencies to curb misuse of digital assets. Investigations in this case are ongoing, with more arrests expected as authorities dig deeper into the international network behind the scam. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
