Cryptocurrency
Crypto Sector Turns Against SEC Chief Gary Gensler

In the US crypto sector, few figures are as hated as Gary Gensler has become in the past week. And the Chairman of the Securities and Exchange Commission (SEC) has quickly become crypto’s public enemy number one.
Not since Sam Bankman-Fried’s spectacular fall from grace has anyone elicited so much vitriol among the less censored corners of the crypto sphere. And even among crypto firms’ carefully worded statements, a deep resentment can be found just below the surface.
David Sacks Accuses Gensler of Exceeding His Authority
One of the high-profile voices criticizing Gensler this week has been David Sacks.
During an episode of the All-In Podcast on Saturday, the tech entrepreneur of Paypal Mafia fame had some strong words for the SEC Chairman.
Commenting on the SEC’s recent legal actions against Coinbase, Sacks argued that there are no consumer protection issues at stake as there may have been had the commission targeted FTX earlier.
Because “Coinbase has essentially done everything right,” he contends that “what Gensler and the SEC are saying is that it is not legal to operate a crypto exchange in the United States.”
He added that he thinks only Congress has the power to impose such sweeping restrictions. As such, Gary Gensler is “far exceeding his authority” in effectively curtailing the ability of U.S. citizens to trade cryptocurrencies. “It is not up to the chairman of the SEC to say that Americans should not be holding crypto,” Sacks emphasized.
Gensler-Warren “Alliance” Out to Destroy US Crypto Sector
Sacks’ opinion that the SEC’s recent actions risk seriously undermining U.S. citizens’ ability to purchase crypto broadly chimes with industry-wide criticisms. But his next statements take on a more conspiratorial undertone.
“The scuttlebutt is that [Gensler] has an alliance with Elizabeth Warren, and the rumor is that she will make him Treasury Secretary if he basically destroys crypto in the U.S.” he alleged.
To be clear, there is no evidence to suggest that Elizabeth Warren and Gary Gensler are in any sort of cahoots to bring down the U.S. crypto sector. Nor that there is a backroom deal between the two. Nevertheless, Sacks’ comments resonate with widespread suspicion of Senator Warren among crypto advocates.
The democratic politician has frequently positioned herself as a crypto hawk. And she has often called for greater oversight of exchanges and enhanced protections for retail investors.
She has previously pushed for regulation that would hand the SEC enhanced powers to oversee the crypto space. And in March, Warren introduced legislation that would ban crypto mixers and impose limits on the use of crypto ATMs.
SEC Crackdown Risks Sending Crypto Business Overseas
David Sacks’ choice of phrasing could be considered bombastic. But there is certainly evidence to suggest crypto firms are already turning their backs on the U.S. market.
In the space of a week, major exchanges like Robinhood have delisted the tokens classified as securities by the SEC. While the U.S. arm of Binance has been forced to suspend USD withdrawals and deposits entirely.
And to make matters worse, outside of the United States, politicians are moving to poach exiled crypto businesses.
For example, on Saturday, one Hong Kong lawmaker openly invited Coinbase to relocate to an Asian city. Alluding to Hong Kong’s recently launched licensing regime for crypto firms, Johnny Ng said:
“I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance.”
Experienced traders will no doubt find a way to continue buying and selling crypto despite the latest difficulties. But if the SEC’s goal is to erect barriers to entry and make it harder for U.S. citizens to get their hands on cryptocurrencies, all signs so far suggest that it is working.
Brian Armstrong Optimistic About Future of US Crypto Sector
Coinbase is certainly an attractive target for Hong Kong’s crypto hub ambitions. But it seems likely that the American company will continue to fight on the home front.
In an interview with the Wall Street Journal, Coinbase CEO Brian Armstrong lamented the SEC’s “regulation-by-enforcement,” approach over the past year.
“I don’t feel like there’s a clear rule book. The only high-level statement they’ve made is that everything other than Bitcoin is a security,” he remarked.
Echoing Sacks’ comments on Gary Gensler, he added that if all crypto assets bar bitcoin are deemed securities, it would mean the end of the cryptocurrency industry in the U.S.
Further criticizing the SEC’s stance, Armstrong went on to state that he believes the law is on the side of the crypto sector, and that legal judgment will be needed to settle the non-security status of cryptocurrencies.
However, far from giving up, Armstrong said that Coinbase will go to court to challenge the SEC’s position and that “we’re proud to do it for the industry and America.”
Toward the end of the interview, Armstrong embraced an optimistic tone. “The U.S. is going to get to the right outcome […] even if it takes a while,” he remarked.
He went on to stress that the company also has multinational ambitions. Although it intends to carry on as the leading crypto exchange in the US. He said that he wants Coinbase to be “an American company that has a global footprint.
Cryptocurrency
Edgen Launches “AI Super App,” Democratizing Institutional-Grade Crypto Market Intelligence

[PRESS RELEASE – Hong Kong, Hong Kong, May 14th, 2025]
Edgen ends its invite-only phase, launches globally as the first AI super app to unify trading insight, social signal, and real-time on-chain analytics into one platform.
Edgen, the AI-native market intelligence platform designed to restore informational edge in the age of noise, today announced its public release. Following a closed beta with over a million data being analyzed daily, Edgen is now accessible to all without invite codes, waitlists, or onboarding gates.
Dubbed the “AI Super App” for market intelligence, Edgen merges real-time social sentiment, on-chain analysis, and modular, specialized AI agents into a single AI-native workflow, giving retail traders and independent analysts the tools and clarity once reserved for hedge funds and quant desks.
Backed by Framework Ventures, North Island Ventures, Portal Ventures, Hivemind Capital Partners, and Moonrock Capital, Edgen introduces a new intelligence framework for navigating markets: an always-on, modular reasoning engine for traders, capable of parsing live markets, detecting signals before they trend, and enabling conviction where once there was chaos.
”We built Edgen to help traders make smarter decisions, faster. It gathers insights from the entire market and from everyone, learns from them, and gives them an edge. Markets move fast. Edgen helps people move faster and smarter. When information is everywhere, what matters most is how fast you can turn it into conviction. That’s what Edgen unlocks,” said Sean Tao, Cofounder of Edgen.
The Mental Infrastructure for Smart Money
Markets today are not won by access to data, but by the ability to reduce complexity into clarity, faster than consensus. In a trading environment increasingly shaped by narrative cycles, virality, and social-driven volatility, Edgen offers an intelligence operating system, one that fuses structured AI orchestration, speed, and execution with human pattern recognition and intuition.
“If Bloomberg Terminal were invented today for a generation raised on Discord, DeFi, and ChatGPT, it would look like Edgen,” Sean added.
Edgen is built on a proprietary Efficient Decision Guidance Model (EDGM)—a lightweight, real-time system that intercepts user queries, identifies intent, and routes them through a stack of specialized agents and relevant data sources. Rather than relying on a monolithic and rigid LLM, Edgen dynamically coordinates smaller tools, models, and data sources in parallel, creating answers that are faster, cheaper, and optimized for the crypto-native environment.
This routing system is what makes Edgen not just fast, but contextually intelligent. It knows when to pull on-chain data, when to surface X/Twitter sentiment, when to highlight smart money flows, and when to do all three at once.
From Tool to Network: Edgen as Collective Cognition
Edgen offers users four core interfaces: real-time Search, momentum Radar, crowd-sourced Insight feeds, and a dynamic crowdsourced intelligence layer known as “Aura”. These modules do not exist in isolation, they are stitched together by EDGM to form a continuous perception loop.
Every search query, every published call, and every response reinforces the system. In this way, Edgen behaves not as a platform, but as a distributed learning brain, one trained not by engineers, but by the most attuned minds in the market.
This architecture includes a Cognitive Layer (query parsing and tool routing with EDGM), an Agentic Layer (modular agents for TA, macro, on-chain, and social signal interpretation), and a planned Execution Layer, which will allow AI-generated insights to translate directly into trade execution or smart contract interaction.
“Imagine spotting a sudden spike in a microcap token. Edgen Search gives you an instant TLDR of its utility, recent smart wallet buys, and who’s talking about it on Twitter, all in one click,” said Sean.
Aura: A Crowdsourced Intelligence Layer for the Intelligence Economy
Edgen’s vision is not to replace human judgment, but to amplify it. Every question asked, every insight shared, contributes to the platform’s intelligence. The more users engage, the more refined and valuable Edgen becomes, creating a self-reinforcing loop of market understanding.
Unique to Edgen is its incentive mechanism. Aura is a non-tradable metric that tracks a user’s insight contributions, predictive accuracy, and impact within the ecosystem. It operates as a kind of proof-of-intelligence, ranking those who identify signals before the market does.
“The real arms race in crypto trading isn’t for blockspace. It’s for information asymmetry, attention, synthesis, and decision velocity. Edgen is how we give individuals an institutional lens without replicating institutional baggage”, Sean continued.
Aura is earned in two primary ways: by training the AI through verified high-quality insight, or by distributing that insight and triggering real user engagement. These contributions are scored through a three-tier process involving automated model review, community rating, and expert verification.
This system allows Edgen to transform every high-quality market thesis, meme-framed call, or chain-driven analysis into live training data, creating an AI that reflects the instincts of real traders, not corporate abstractions.
A Platform Designed for a Smarter Future
Edgen marks the beginning of a new infrastructure layer for financial cognition. Looking ahead, Edgen releases the Edgentic Marketplace, a permissionless environment where third-party developers can publish AI agents, custom workflows, and strategy modules built atop Edgen’s multi-agent infrastructure. This isn’t just about empowering traders. It’s about democratizing institutional-grade tools and unlocking them for everyone from digital asset holders to the crypto curious, giving all participants a path to think, act, and evolve like smart money.
About Edgen
Edgen is the leading AI-powered market intelligence operating system in the crypto space. Through its proprietary Efficient Decision Guidance Model (EDGM), the platform transforms high barrier institutional-grade strategies into universally accessible smart tools. Pioneering the “Cognition-as-a-Service” (CaaS) architecture, Edgen integrates modular AI agents, real-time social sentiment analysis, and on-chain analytics to empower retail traders and independent analysts to navigate crypto markets with institutional-grade precision.
Backed by crypto-native funds such as Framework Ventures and North Island Ventures, Edgen’s technical team combines former Wall Street quantitative trading experts and core Web3 protocol developers, collectively building the cognitive infrastructure for next-generation open finance.
Website: https://www.edgen.tech/
X/Twitter: https://x.com/EdgenTech
Media contact: press@edgen.tech
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Cryptocurrency
Ethereum (ETH) Flies to 11-Week High, Bitcoin (BTC) Rejected at $105K (Market Watch)

Bitcoin’s price actions remained relatively dull even though the US CPI numbers came out yesterday and were slightly lower than expected.
Many altcoins have notched impressive gains over the past 24 hours, with RAY and ENA leading the pack from the largest 100.
BTC Maintains $103K
The primary cryptocurrency enjoyed the beginning of May as its price finally conquered the $100,000 level last Thursday, and it hasn’t looked back since. It kept climbing even during the weekend, but the culmination transpired on Monday when the US and China announced a tariff pause. At the time, BTC skyrocketed to almost $106,000, which became a new multi-month peak.
However, the bears finally intervened at this point and didn’t allow an attempt for an all-time high. Just the opposite; BTC started losing value and dropped below $101,000 on Monday evening.
It didn’t stay there for long and bounced to around $103,000 yesterday. The aforementioned better-than-expected US CPI numbers for April failed to result in immediate price volatility, but BTC still challenged $105,000 in the evening to no avail.
Since then, the asset has lost nearly two grand and fights to stay above $103,000. Its market cap is well above $2.050 trillion on CG, while its dominance over the alts has taken a beating and is down to 59.1%.
ETH at $2.6K
Ethereum has completely reversed its sluggish and disappointing performance at times in the past week or so. It has jumped by another 4.5% in the past 24 hours and now sits close to $2,600 after surging to a new multi-month peak of almost $2,750 earlier today.
Other notable gainers from the larger-cap alts today include SOL, DOGE, TRX, AVAX, and PI. RAY, ENA, and MKR have surged by double-digit price increases, while WIF has dropped the most since yesterday by losing 5% of value.
The total crypto market cap has recovered over $60 billion since yesterday and is above $3.460 trillion on CG.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Cryptocurrency
Ethereum’s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment

Ethereum (ETH) has roared back into the spotlight with a vengeance, surging over 49% in just 6 days to briefly flash past $2,700, a price point not seen since February 23.
The rally, which began on May 7 after ETH bottomed near $1,800, has reignited talk of the long-dormant “flippening” narrative, in which Ethereum could overtake Bitcoin (BTC) in market capitalization.
From FUD to FOMO
According to a May 13 report from Santiment, Ethereum’s six-day run, which took it from under $1,800 to over $2,700, marked one of the sharpest rebounds in recent memory and triggered a dramatic shift in sentiment.
Analyst Brian Q partly attributed the turnaround to crypto’s deeply irrational crowd behavior. He noted that just a week ago, social media was rife with jokes about Ethereum’s underperformance, with bearish price calls for ETH dominating online conversations between May 6 and 7 as the asset lagged behind rivals.
However, once the rally started on May 8, the mood flipped dramatically, as retail traders scrambled to justify entry points, with some speculating on the altcoin going to $3,500 and beyond.
“We can really see how price calls across social media have done a complete 180 as doubters have been silenced by Ether’s rally,” wrote Brian Q.
Santiment also noted how years of underperformance had conditioned the market to dismiss Ethereum, only for the world’s second-largest cryptocurrency by market cap to pump when least expected.
“With dismissal from the crowd,” the report stated, “comes massive pumps that blindside the doubters.”
Institutional Moves and On-Chain Signals
Interestingly, the rally coincided with aggressive accumulation by some institutional players. On-chain tracker Lookonchain reported that in the last week, London-based Abraxas Capital bought 242,652 ETH worth some $561 million, with 185,309 ETH valued at $400 million plucked from exchanges in just 72 hours.
Experts say ETH’s price action is more than just a short squeeze, with analyst Rekt Capital pointing out that the cryptocurrency closed last week at $2,514, officially reclaiming its macro $2,200 to $3,900 range lost in the first quarter of 2025.
“Any dips, if needed at all, would only solidify $2,200 as range-low support,” he wrote on May 12, while also highlighting the asset’s attempts to fill a macro CME gap between $2,900 and $3,350.
Adding to Ethereum’s strength is the surprisingly low network fee environment. Previously, Santiment noted that average transaction fees remain around $0.84, well below the $7+ seen six months ago, removing a common barrier to adoption.
However, cautious voices have warned that the current trading zone between $2,400 and $2,700 could be a consolidation phase before the next leg up or a possible shakeout. According to Daan Crypto Trades, if momentum falters, there may be a possible retest down to $2,300 or even $2,100.
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