Author: NBTC
This is a segment from The Drop newsletter. To read full editions, subscribe. Axie Infinity and Sky Mavis cofounder Alexander Larsen is calling out Sui-powered game Seed, also known as Seed Go, alleging copyright infringement. “This infringes on our Axie Infinity IP, and it’s not okay,” Larsen said in response to a tweet about the project. He also tagged two Mysten Labs cofounders, plus Sui and Mysten Labs, asking them to address the issue “so we can all save money and time.” A spokesperson for Sky Mavis separately confirmed to me that the company has informed the Sui team of…
Pi Network users have levied allegations of rug pull against the project creators after the recent plunge in its price. In a post on X, one of the popular members of the Pi Community, Dr Picoin, claimed that insiders have dumped millions of tokens. According to Dr Picoin, the sell-offs by insiders followed recent announcements about upgrades and improvements to the Pi Network at Consensus 2025. He claimed that the hype around these announcements pumped PI value, and insiders used that opportunity to sell. He said: “The Core Team sold tens of millions, if not hundreds of millions, of Pi…
Bitcoin, which experienced sharp declines due to many factors such as the US-China trade war initiated by US President Donald Trump and economic uncertainty, fell to the level of $74,000 at the beginning of April. However, BTC, which subsequently experienced a major recovery, has increased by 25% in the last month. As this upward momentum has weakened in recent days, 10X Research founder Markus Thielen evaluated the latest situation in Bitcoin. Stating that Bitcoin has risen by 25% in the last month, supported by aggressive ETF inflows and institutional spot buying, Thielen said that emerging signals such as the decline…
Cardano founder Charles Hoskinson has raised alarm over what he describes as a coordinated attack targeting the Cardano ecosystem. His comments followed a series of posts on X on May 17, 2025, in response to recent on-chain activity and internal criticism. Hoskinson and Cardano Whale Allege Targeted Campaign An Ethereum (ETH) address holding 45,000 tokens was seen interacting with the Orbiter Finance voucher program, prompting the well-known Cardano advocate “@cardano_whale” to describe the move as part of an orchestrated attempt to damage Cardano. “Just saw a 45k Ethereum account pick up the orbiter voucher nonsense and now it’s clear this…
Data shared by the prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency movements and then shares the details on its website and X account, has detected a large BTC withdrawal from the largest cryptocurrency exchange by volumes operating in the USA – Coinbase. This withdrawal contained almost sixty million US dollars in the Bitcoin equivalent. $60 million in Bitcoin leaves Coinbase The aforementioned source of on-chain data revealed that roughly two hours ago, an unknown whale withdrew 629 Bitcoins from Coinbase to his wallet. This amount of Bitcoin was valued at $59,303,436 at the time when the transaction…
Ripple is unleashing the XRP Ledger to revolutionize Colombia’s farming economy, powering traceability, sustainability premiums, and microfinance access for smallholder farmers. Ripple Leverages XRP Ledger to Support Colombian Farmers With Blockchain and Microfinance Ripple announced on May 15 the launch of its second pilot this year with Mercy Corps Ventures, working in partnership with traceability technology provider WËIA, to advance agricultural finance in Colombia. The initiative is part of Ripple Impact’s broader “Unlocking Opportunity” program and focuses on using blockchain technology to improve the livelihoods of smallholder farmers. Ripple emphasized the project’s goals: In collaboration with WËIA, this pilot is…
Peter Schiff, one of the most vocal critics of cryptocurrencies, has not changed his mind. His latest take is that Bitcoin (BTC) is a total scam, and the current price has little to do with real market value and everything to do with government-driven money flows. Schiff Bitcoin’s rise is just the latest chapter in a long story of speculation fueled by easy money. The U.S. government’s policies, especially around liquidity and stimulus, have artificially increased demand for risk assets – and Bitcoin, he says, fits that category more than ever. To him, it is not a safe haven, not…
Bitcoin’s price prediction for May 2025 presents a mixed picture, as the leading cryptocurrency trades near $94,338, reflecting a slight -0.42% daily decline. While BTC holds near recent highs, analysis reveals short-term caution signs clashing with resilient on-chain support, shaping the potential price path this month. Coinbase Premium Dip Signals US Investor Caution for May A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, had recently rebounded, indicating easing bearish pressure. However, the latest dip…
Bitcoin currently faces two futures CME gaps on the lower timeframe, with both presenting bullish and bearish implications. Pseudonymous crypto analyst and trader BitBull first called attention to this current market position in a recent analysis amid the current Bitcoin (BTC) pullback. For context, since soaring to a two-month peak above $98,000 on May 2, BTC has witnessed turbulence. Bitcoin Faces Two CME Gaps As the ongoing correction persists, BitBull confirmed that Bitcoin now has two CME gaps it has not yet fulfilled, and these gaps could provide some insight into where the crypto firstborn would head next. For the…
Token unlock schedules are threatening to shake up the market, making the coming week crucial for a number of significant cryptocurrencies. Between May 19 and May 26, Dogecoin, one of the most prominent cryptocurrencies, is scheduled to put 96.52 million tokens into circulation. Although only 0.06% of DOGE’s circulating supply is represented by this unlock, which has a value of about $21.9 million, the timing and market structure raise concerns about its possible impact. Technically speaking, DOGE recently displayed indications of a bullish breakout, with price momentum increasing toward the $0.25 mark. The asset, however, has since retreated after failing…