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Interactive Strength (TRNR) Plans to Raise Up to $500M to Buy Fetch.AI’s FET Tokens

by admin June 11, 2025

Fitness-equipment manufacturer Interactive Strength (TRNR) said it entered into a securities purchase agreement to raise as much as $500 million for buying Fetch.ai’s FET token as a crypto treasury strategy.

The Nasdaq-listed company is already in the process of buying the tokens after raising $55 million of new capital from ATW Partners and DWF Labs, it said in a release shared with CoinDesk.

“Digital assets are rapidly becoming an essential part of global financial infrastructure and AI is the biggest technological leap in our lifetime,” CEO Trent Ward said in the statement. “We believe our strategy to acquire a significant number of $FET tokens could dramatically accelerate our mission to create significant long-term value for TRNR shareholders.”

Interactive Strength, the maker of CLMBR and FORME branded equipment, joins a long list of public companies in U.S. that are adding cryptocurrencies to their balance sheets. Most, led by Strategy (MSTR), are focused on bitcoin

. None of these companies has acquired AI tokens like FET.

TRNR, which has a market cap of $8.4 million, will use BitGo for trading and custody of its FET holdings, according to the press release. Its shares rose 3.5% to 83 cents in pre-market trading.

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June 11, 2025 0 comments

Crypto Trends

590 Million Shiba Inu (SHIB) Tokens Withdrawn From Crypto Exchanges

by admin June 11, 2025

Shiba Inu holders display growing confidence
SHIB sees almost 76% surge in trading volume

Shiba Inu (SHIB) is experiencing an interesting trend that could signal changing investor behavior.

The latest CryptoQuant data shows that holders are moving their SHIB tokens away from cryptocurrency exchanges at an increasing rate, with outflows reaching 589.5 million tokens.

The “exchange outflow” from the CryptoQuant chart reveals that exchange outflows have been gradually climbing over the past two days.

Shiba Inu holders display growing confidence

During this same period, SHIB’s price has shown modest upward movement, though it hasn’t experienced any dramatic jumps. This combination suggests that holders are becoming more confident about keeping their tokens rather than trading them frequently.

It is worth noting that the state of the broader financial markets and investor interest can still influence SHIB’s direction. Those deciding whether to invest in SHIB shouldn’t overlook this factor, as it can always help them decide whether or when to invest.

The growing outflows from exchanges indicate that existing holders have confidence in the token’s future prospects.

SHIB sees almost 76% surge in trading volume

CoinMarketCap data shows that the popular meme cryptocurrency is currently trading at $0.00001316, reflecting about a 4% increase over the past 24 hours. The amount of SHIB traded over 24 hours has risen to $236 million, up by a large 75.65%.

Source: CoinMarketCap

SHIB’s large number of owners proves that it is a popular decentralized asset. Minor volatility in SHIB’s price was seen yesterday, keeping its levels at $0.0000124 at the lowest point and rising to $0.0000132 at one moment. Shiba Inu shows that these coins often do well with community backing and not only because of their features.

Shiba Inu continues to gain market attention as its layer 2 platform (Shibarium) hits 4.63 million daily transactions. It increased from 63,820 over the past five days — a 7,154% gain within this period.

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June 11, 2025 0 comments

GameFi Guides

South Korea Stablecoin Bill to Allow Companies to Issue the Tokens: Report

by admin June 10, 2025

In brief

Crypto-friendly Lee Jae-myung won the presidency in South Korea last week.
He is now pushing ahead with a stablecoins bill.
If approved, the law would allow companies to issue their own stablecoins.

South Korea’s newly elected president pushed ahead with a crypto-friendly agenda on Tuesday, announcing new stablecoin legislation, according to reports.

As first reported by Bloomberg, Lee Jae-myung, proposed the Digital Asset Basic Act—a law which, if approved, will allow companies to issue stablecoins if they have 500 million won ($366,749) in equity capital.

Stablecoins are digital tokens pegged to the value on a non-volatile asset—typically the U.S. dollar. Such cryptocurrencies run on a number of different blockchains and are supposed to be backed by reserves of the stable asset.

Crypto is popular in South Korea and Jae-myung—who won the election last week—is friendly toward the space. The Democratic Party leader in 2022 experimented with NFTs during his previous campaign and has said he will allow Bitcoin ETFs to trade in the country.

He has also proposed launching a won-pegged stablecoin to prevent capital flight, saying that the country urgently needs “to prevent national wealth from leaking overseas.”

And the Bank of Korea last month said it was considering issuing deposit tokens on a public blockchain to coexist with private stablecoins.

Stablecoins are a hot topic in the crypto industry: Regulators have been fighting over how to control the assets for years; President Trump backs one digital token; and lawmakers in Washington will vote on a stablecoin bill this week.

A number of high-profile businesses and banks are also weighing—or have already—launched stablecoin products.

Edited by James Rubin

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June 10, 2025 0 comments

NFT Gaming

Ethereum Governance Tokens Spike as SEC Backs ‘Innovation Exemption’ for DeFi Projects

by admin June 10, 2025

In brief

Several Ethereum DeFi governance tokens rose after SEC Chair Paul Atkins said the agency would establish an “innovation exemption” for entities engaged in the crypto subsector.
A DeFi-focused roundtable on Monday inspired “optimism,” a spokesperson for a research and advocacy group said.
Uniswap, Aave, and Sky saw “unusually heavy” trading volume, potentially lifting Ethereum’s price, according to one analyst.

The price of several tokens tied to Ethereum-based projects in decentralized finance, or DeFi, spiked on Tuesday after the Securities and Exchange Commission signaled that it’s taking steps internally to become more accommodative of the emergent subsector.

Ethereum was recently changing hands around $2,700, an 7.2% increase over the past day, according to crypto data provider CoinGecko. Uniswap, Aave, and Sky, were up 23%, 16%, and 15% respectively, rising to $8, $305, and $0.90.

On Monday, SEC Chairman Paul Atkins said during a DeFi-focused roundtable in Washington, D.C., that the agency was working on an “innovation exemption” allowing companies to introduce on-chain products more easily. The agency is also looking at rule changes to “provide needed accommodation” for entities seeking “to administer on-chain financial systems,” he said.

“The American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi, or decentralized finance, movement,” Atkins added.

As governance tokens, Uniswap, Aave, and Sky allow holders to participate in determining their associated project’s direction, namely through voting on proposed software changes. In the past, projects like Uniswap have mulled changes to share protocol fees with token holders.
Although the Securities and Exchange Commission once argued that Uniswap’s governance should be classified as a security (in an enforcement threat last year), the agency’s current leadership is trying to forge a more collaborative path.

“Many industry participants came away from the roundtable optimistic about what’s ahead,”Jennifer Rosenthal, a spokesperson for the DeFi Education Fund, a research and advocacy group, told Decrypt. “It’s encouraging that there is an emphasis on listening and learning from industry participants.”

The tokens fall under the umbrella of decentralized finance because their associated projects seek to offer financial services, whether that’s lending or trading, without relying on traditional intermediaries like banks. They use smart contracts instead.

According to Danny Nelson, a research analyst at asset manager Bitwise, trading volumes among Ethereum-based governance tokens were “unusually heavy” on Tuesday, adding that Ethereum’s strength “often trickles down” to other assets on the network.

“Today we’re seeing something closer to a tsunami,” he said. “The rally is also giving traders who borrow against their ETH [positions] more collateral to draw from.”

Aave, a decentralized lending protocol, lets users lend or borrow cryptocurrency. The project, which initially debuted on Ethereum as ETHLend, currently holds around $26.166 billion in assets, representing an all-time high on Tuesday, DefiLlama data showed.

Uniswap, a decentralized exchange, operates across 36 blockchains. However, among $5 billion worth of assets held on the protocol, $3.5 billion exist on Ethereum. In May, Uniswap facilitated $92 billion worth of trading volume, its fourth best month since 2020.

Sky Protocol, formerly Maker, is designed primarily around stablecoin issuance. Users are able to deposit Ethereum and other assets as collateral to mint Sky’s USDS stablecoin, and the project currently holds $5.3 billion in assets.

Although Ethereum’s performance can influence the price of governance tokens, Nelson posited that the dynamic could be flipped following Atkins’ comments.

“Instead of ETH leading its DeFi ecosystem higher, today we’re seeing the DeFi ecosystem power ETH,” Nelson said. “Traders are trying to price in a future where the common rails of Ethereum’s on-chain economy balloon into something truly powerful.”

Seth Oranburg, a professor of law at the University of New Hampshire, told Decrypt that legislation being weighed on Capitol Hill, such as the Clarity Act, could also become a factor. If the bill is passed with rules determining what regulations governance tokens are subject to, that could drive further participation, he said.

“That kind of clarity is going to open up the possibility for legitimate business,” he said. “I expect we’ll see an explosion of the use of these tokens.”

Edited by James Rubin

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June 10, 2025 0 comments

Pi Network, Cetus, Optimism: Cryptocurrencies to watch

GameFi Guides

Pi Network users report missing tokens after maiinet migration

by admin June 9, 2025

As more users report missing token balances after completing Know Your Customer verification processes and mainnet migration, Pi Network has come under fire from its community.

The backlash erupted after Pi Network (PI) issued new wallet security guidelines, urging users to protect their seed phrases. Rather than easing concerns, the update sparked renewed outrage. Many users, who claim they followed every instruction from the Pi Core Team, say their wallets still show zero balance.

Several posts on X highlight blank wallets, prompting allegations of technical failure and even accusations of a scam. One particularly vocal user, Haifeng Chen, summed up the mood in a heated reply to a post by Pi Network, stating; “Give me back that damn Pi. I’ve worked hard for six years. You still haven’t mapped it. What’s the delay?”

His frustration was echoed by others who reported repeated delays and a lack of transparency from the team. For some, the issue is made worse by the appearance of multiple wallet addresses under a single account, adding to the confusion and raising doubts about the reliability of the migration system.

Pi Network recently released security guidelines for Pi Wallet, sparking dissatisfaction among Pi Coin holders who are unable to see their tokens in their accounts. Despite adhering to all previous transfer instructions provided by the core team, users express their inability to…

— clark.ron | $CAG @ 🇵🇭 (@clarkron_2008) June 9, 2025

Although the Pi Core Team has emphasized ongoing efforts to resolve these issues, their latest communications have done little to reassure the community. Users continue to demand clear explanations, faster resolution timelines, and immediate access to the tokens they believe they’ve rightfully earned.

The continuous lack of visibility regarding the migration status has seriously eroded trust, and many users are now anticipating a rumored Phase 2 update that may finally address the KYC delays and wallet balance discrepancies. However, the absence of a precise timeline has left the community in a state of uncertainty.

Pi is down 1.5% over the last day, trading at $0.6286 as of press time. From a technical perspective, the outlook remains fragile. On the daily chart, Pi is consolidating below major moving averages, with the 20-day simple moving average acting as resistance at $0.70.

Pi Network price analysis. Credit: crypto.news

The relative strength index at 40, indicating a lack of significant momentum. The overall setup shows indecision, even though indicators such as the stochastic RSI point to the possibility of a bounce. The risk of a further decline toward the $0.55 support zone remains if Pi is unable to break above the $0.70 level and maintain buying support.

The community’s patience may continue to wear thin until the core team addresses the migration issues head-on and restores confidence,

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June 9, 2025 0 comments

NFT Gaming

Ethereum to Pump 10x in 2026, per Buterin. Here Are the Best ERC-20 Tokens to Buy Now

by admin June 3, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

This may be the perfect time to look into the best ERC-20 tokens to buy before Ethereum goes 10x, which is what Vitalik Buterin hinted at recently.

Buterin took the mic during the ETHGlobal Prague conference on May 30 to address some of Ethereum’s problems, which led to $ETH plummeting in the charts even when the rest of the altcoins were surging.

One of the main problems? Network congestion during high-traffic periods, which results in subpar speeds and steep fees.

According to Buterin, 2026 will be Ethereum’s year.

What Will Change for Ethereum?

Buterin believes that Ethereum is at a turning point to increase its performance and productivity tenfold, and that its native token could surge in 2026:

‘In general, I do think there’s a lot of room to scale safely. My view is that generally we should scale L1 by about 10x over the next year and a bit.’

—Vitalik Buterin, ETHGlobal Prague Conference

Such an achievement could propel Ethereum into the best-performing blockchains league, allowing it to compete with the likes of Solana, which is getting an upgrade of its own in the form of the upcoming Layer-2 Solaxy ($SOLX), in terms of speed and scalability.

But while a Layer-2 upgrade could do Ethereum a lot of good in terms of performance, it would also come with a major downfall in the network’s projected market capitalization.

According to Matthew Sigel, Ethereum could lose trillions in market cap if, when adopting its Layer-2 upgrade, it fails to balance its fundamentals. This could cause the projected $ETH price of $22K by 2030 to fall more in the ballpark of $7.3K, a cut of 67%.

That being said, Sigel does recognize that changes are needed:

‘But I do agree that the changing fundamentals suggest a model update is in order. […] However, our original model assumed a 90:10 split on transaction revenue between Ethereum and L2s.

The actuals are currently 10:90 in favor of L2s (past 4 months of data). This is a major change and shows L2s are taking more value from Ethereum.’

—Matthew Sigel, X Post

But the gears are already in motion, as Ethereum has already announced its new Protocol R&D meant to upgrade the L1’s block space, scale blobs, and UX.

This announcement comes in the context of Ethereum laying off staff during the restructuring of its Research and Development department to address criticism linked to the network’s poor performance.

Buterin announced these changes back in January 2025, with an ominous ‘We are indeed currently in the process of large changes to EF leadership structure.’

With Ethereum making big steps in the right direction, we’re already seeing increased investor confidence and interest, as $ETH has been in recovery mode over the past month.

At the same time, some of the best altcoins today could also experience sustained growth, particularly, ERC-20 tokens.

Here are three of the most promising crypto projects in 2025.

1. Solaxy ($SOLX) – Layer-2 Upgrade Promising to Improve Solana’s Performance

Solaxy ($SOLX) is Solana’s Layer-2 upgrade that promises to fix the network’s core issues: slow speeds, failed transactions, and steep network fees during peak activity times.

Solaxy aims to achieve that via off-chain transaction processing, delivering ultra-low latency, infinite scalability, and near-instant execution, even in high-traffic environments.

The project is under development, with the devs posting regular updates on the official website and social media, including the Testnet Bridge, Block Explorer, and the upcoming DEX.

$SOLX’s presale is nearing the end, with a little over 13 days left until completion. This means the window for buying $SOLX at its presale price of $0.001744 is closing fast.

With over $43M raised since its start, a clear roadmap, and explicit utility, Solaxy promises to hit the charts hard post-release. Our analysts predict a price point for $SOLX of $0.032 by the end of 2025. This amounts for an ROI of 1,734% if you buy at the current price. 2026 could see even more growth thanks to the increased adoption and Layer 2’s upgraded performance, taking $SOLX to $0.2 for an ROI of 11,367%.

With the presale in its final stages, you can buy your $SOLX right now to take advantage of the early bird-exclusive price and the 93% dynamic APY.

2. BTC Bull Token ($BTCBULL) – Holders Will Receive $BTC Airdrops Based on Bitcoin’s Performance

BTC Bull Token ($BTCBULL) rewards holders with $BTC airdrops as Bitcoin reaches key price points ($150K and $200K).

An additional $BTCBULL airdrop, consisting of 10% of the total token supply, awaits holders when Bitcoin reaches the $250K threshold.

BTC Bull Token is one of 2025’s most promising meme coins, born out of the idea that Bitcoin is destined for greatness. The whitepaper is based on the philosophy that $BTC will reach and exceed the $250K mark and even race towards a $1M valuation.

With upcoming airdrops and a token burn mechanism detailed in its roadmap, BTC Bull Token shows great long-term potential.

The presale is hot, having accumulated over $6.7M since its start, and is currently in its final 27 days.

Based on our post-launch predictions, $BTCBULL could reach a price point of $0.006467 by the end of 2025, bringing you an ROI of 154% if you invest at the current price of $0.002545. With widespread community support, the token could witness even more push, taking it up to $0.0497 for an ROI of 1,852%.

If you don’t want to miss the hype train, you can secure your $BTCBULL right now, before the presale ends, to potentially maximize your gains.

Remember, you need to hold your $BTCBULL in Best Wallet if you want to qualify for the coming airdrops.

3. Cedar ($CDR) – Community-Driven Token Aiming to Reshape Solana’s Ecosystem

Cedar ($CDR) is a community-driven token that aims to bring much-needed utility and innovation to the Solana network.

The project relies on a DAO (Decentralized Autonomous Organization) for governance, allowing investors to decide the project’s development route.

The $CDR token is as hot as they come, after hitting the public charts today, June 3. The token price currently sits at $0.01699, but, because the listing is brand new, we don’t yet have essential data like a market cap or 24-hour trading volume.

This means that $CDR could represent a great find for opportunistic investors who want to capitalize on the post-launch surge that many new listings experience.

What Should We Expect from Ethereum in 2025?

While Buterin predicts a 10x for Ethereum by the end of 2026, 2025 may not be a bad year either. $ETH is already up in charts by roughly 42% over the past month, showing sustained growth and consolidation.

As expected, this will drive investor interest, which will also reflect onto the crypto market as a whole and the best ERC-20 tokens.

Projects like Solaxy ($SOLX) and BTC Bull Token ($BTCBULL) could, then, witness positive post-launch chart performance, which makes investing in their presales a juicy opportunity.

Remember, this isn’t financial advice. Always DYOR (Do Your Own Research), invest wisely, and protect your capital with good risk management strategies.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 3, 2025 0 comments

NFT Gaming

Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push

by admin May 28, 2025

In brief

eToro has added 12 crypto assets for U.S. traders after an SEC-driven scale-back last year
The new offerings follow an IPO roadshow and renewed U.S. growth ambitions
The firm settled SEC charges in 2024 with a $1.5 million penalty and retained only 3 assets for U.S. customers to trade

Online trading platform eToro announced on Wednesday that it has added 12 cryptocurrencies to its U.S. platform, expanding its digital asset offerings in the country after sharply scaling back its presence last year due to regulatory constraints.

The new tokens available to U.S. users include Cardano, Dogecoin, XRP, and Shiba Inu, among others, bringing the total number of listed assets from three to 15.

These tokens join Bitcoin, Ethereum, and Bitcoin Cash, the only crypto assets the firm offered after a 2024 settlement with the U.S. Securities and Exchange Commission.

“Of course, we did lots of diligence and research, and we thought with these 12, the time is now, especially in the wake of our IPO a few weeks ago,” Andrew McCormick, Head of eToro U.S, told Decrypt. “And so [there’s a] lot of excitement, lots of opportunity, and we think it’s going to be [a] real win for customers.”

eToro claims to serve over 40 million registered users across 75 countries. While its crypto operations were temporarily curtailed in the U.S., it remains one of the largest multi-asset trading platforms globally.

Cryptocurrency accounted for 37% of its trading commissions in the first quarter of 2025.

The expansion comes amid a friendlier regulatory climate under the Trump administration and marks a renewed push by the Israel-based platform to expand its U.S. presence, including the launch of an IPO roadshow earlier this month. It is targeting a valuation of up to $4 billion.

In September 2024, the SEC settled with eToro in a case that accused the platform of operating as an unregistered broker-dealer and clearing agency for offering crypto assets deemed securities.

eToro paid a $1.5 million penalty and removed dozens of tokens from its U.S. platform, retaining only three out of a total of 74 on offer.

“The settlement was completely voluntary, and we neither admitted nor denied anything,” McCormick said.

“As part of that voluntary process, we decided to take some assets off the platform, but the settlement also gave us the ability to add assets on the platform when we thought the time was right and appropriate,” he added.

Edited by Sebastian Sinclair

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May 28, 2025 0 comments

NFT Gaming

Coinbase adds trading support for 8 tokens in Germany

by admin May 26, 2025

Coinbase has announced that users in Germany can now buy, sell and trade eight new tokens.

In an announcement, Coinbase Assets said it now supports trading for several tokens, which users in Germany can access on Coinbase.com and via iOS and Android apps.

The eight crypto tokens are Rocket Pool (RPL), Pudgy Penguins (PENGU), Renzo (REZ), Reserve Rights (RSR), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE) and Layer3 (L3).

The price of Aethir jumped more than 12% following the news,with the decentralized physical infrastructure network’s native token surging to highs of $0.052.

Rocket Pool’s price was up about 3% to $4.71, while PENGU and REZ were just in the green.

Pendle and Maple Finance’s SYRUP, among the altcoins to skyrocket in recent weeks, were down 1.5% and 9% respectively despite the positive news. The PENDLE token is currently a top 100 asset by market, with over $700 million at the time of writing.

Coinbase’s support for these altcoins will see the crypto exchange’s users in Germany be able to buy, sell, and convert the assets.

The exchange also supports token transfer and storage, with this available both through the U.S.-based exchange’s official website and via mobile applications.

Coinbase secured regulatory approval for its Germany arm in 2021, with the German Federal Financial Supervisory Authority licensing Coinbase Germany GmbH for trading and crypto custody. BaFin’s nod saw Coinbase become the first crypto exchange to get the license in the country.

In January 2025, Coinbase announced the acquisition of Bux, a brokerage company based in Cyprus. The deal allowed the crypto exchange to secure a key license as it looked to expand its presence in the European market, with Bux enabling it to score a Markets in Financial Instruments Directive II, or MiFID II, license.

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May 26, 2025 0 comments