Cryptocurrency
SEC Hands Prometheum Broker-Dealer Approval Amid Harsh Crackdown on Major Crypto Players

A relatively unknown crypto broker called Prometheum is making the headlines this week amid a massive crypto crackdown by the Securities and Exchange Commission. The firm’s co-founder reportedly supports the SEC, but there is more to this story than meets the eye.
Prometheum co-founder Aaron Kaplan appeared before a United States House Committee on June 13 to discuss crypto regulatory clarity. Remarkably, Kaplan appears to support the SEC’s stance of regulating crypto using old-fashioned securities laws created in the early 1900s.
Prometheum in the Spotlight
General Partner at Castle Island Ventures, Matt Walsh, has been digging deeper. On June 15, he said that amid the SEC lawsuits against Binance and Coinbase, Prometheum got approval for a first-of-its-kind Special Purpose Broker-Dealer (SPBD) for digital asset securities.
“Then Prometheum’s CEO somehow gets a seat in front of Congress yesterday and starts reading off pre-written notes clearly coordinating narratives with Democratic members of Congress (or the SEC).”
Cinneamhain Ventures partner Adam Cochran looked into the Prometheum team, which includes former staff at the NYSE (New York Stock Exchange) and FINRA (the Financial Industry Regulatory Authority).
Furthermore, their chief compliance officer is Joseph Zangri. a former enforcement attorney for the SEC.
Wall Street-based Prometheum was founded in 2017 and claimed to be SEC regulated in early 2021 but had yet to launch a product. The firm received FINRA approval for digital asset-qualified custody in May 2023 through its subsidiary Prometheum Ember Capital.
It does not allow customers to buy and sell Bitcoin or Ethereum, two of the largest crypto assets on the market, but supports some smaller, more obscure assets.
During Kaplan’s testimony, U.S. representative Mike Flood read a letter from Prometheum in April 2021 requesting more clarity on which digital assets are securities.
“There is not a consistent definition of a digital asset security within current law,” stated Flood.
He said that Prometheum’s claim that their SPBD approval is evidence of a clear path to regulatory compliance is absolute “nonsense.”
SEC Crypto Psyop?
Matt Walsh suggested that the SEC and this group of Prometheum lawyers, former regulators, and insiders may be working in cahoots.
“Bizarre that this fringe player with no biz model is being held up as an example of compliance by the SEC when the actual businesses in the United States can’t get a fair shot. An SEC PSYOP to have the Dems oppose McHenry-Thompson market structure bill?”
Meanwhile, Adam Cochran revealed potential links to the Chinese Communist Party and concluded:
“These guys are using their SEC and FINRA connections to push an agenda to get certain assets deemed securities and for them to be the only approved player to capture the market.”
Cryptocurrency
100,000,000 ADA: Price Crash Incoming Following Extreme Offloading?

TL;DR
Large investors sold over $70M worth of ADA, increasing selling pressure and potentially triggering further declines.
Analysts see $0.80 as key resistance, while a potential US SEC approval of a spot ADA ETF could fuel future gains.
Whales are Cashing Out
Cardano’s ADA attempted to get back on the green track over the weekend, with its price briefly climbing to $0.75. In the past several hours, though, the bears retook control, and the valuation dropped to $0.71 (per CoinGecko’s data).
Some factors, including the recent whale activity, suggest that the pullback might intensify in the near future. The popular X user Ali Martinez revealed that large investors have sold over 100 million ADA in the last week. As of this writing, the stash equals more than $70 million.
Such sell-offs increase the token’s circulating supply, which could lead to a downward pressure on the price (assuming demand doesn’t catch up the pace). Additionally, those actions might trigger panic among smaller players, making them dump their holdings, too.
It is worth mentioning that a price correction for ADA has followed some of the previous offloads. At the start of February, whales parted with over 330 million tokens (worth almost $250 million at the time). ADA’s valuation tanked by more than 10% in the following days.
Price Predictions
Despite being deep into red territory on a monthly scale, ADA remains the subject of optimistic forecasts. The X user Joe Swanson recently claimed that the valuation needs to surpass $0.80 to confirm bullish momentum.
“A reclaim flips resistance to support, setting up higher targets. Watch for volume surge,” the analyst added.
For his part, Dan Gambardello opined that Cardano’s “supertrend” remains on pace, envisioning a price explosion to as high as $12.
Meanwhile, some important events that could happen in the following months could fuel a significant rally. One example is the potential launch of a spot ADA exchange-traded fund (ETF). The product will allow investors to gain exposure to ADA without directly buying, holding, or managing the cryptocurrency.
The world’s largest digital asset manager, Grayscale, displayed its intentions to introduce such an investment vehicle, and the US SEC has already acknowledged its application. According to Polymarket, the approval odds before the end of 2025 currently stand at almost 70%.
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Cryptocurrency
House of Doge and Dogecoin Foundation Unveil Board-Elect, Advisors and Global Dogecoin Adoption Plans

[PRESS RELEASE – Miami, FL, March 17th, 2025]
Board-Elect and Advisory Team Include Top Executives in Payments, Sports, and Global Food & Beverage, With Additional Members Being Announced In the Coming Weeks
House of Doge has shared key details of its previously announced exclusive five-year partnership with the Dogecoin Foundation. This milestone partnership, aimed at advancing Dogecoin ($DOGE) as a widely accepted global currency, establishes House of Doge as the official and exclusive partner of the Dogecoin Foundation. Today, the team is unveiling details on their corporate strategy to drive large-scale adoption, as well as their distinguished Board of Directors-Elect and Advisory Board, which includes some of the top minds in payments, sports, global food and beverage, cryptocurrency, and technology. House of Doge will lead the initiative to integrate Dogecoin into mainstream commerce, corporate ecosystems, and everyday transactions worldwide.
At the heart of this partnership is a shared commitment to Dogecoin’s core philosophy: Doing Only Good Everyday (D.O.G.E.). By leveraging House of Doge’s strategic initiatives and corporate outreach, the Dogecoin Foundation can redouble its focus on open-source technology, accelerating Dogecoin’s adoption as a functional and accessible digital currency.
House of Doge Announces Board of Directors-Elect
The company has announced the Board-Elect who will provide strategic oversight as House of Doge advances its mission. The seats have been accepted, and all Directors-Elect are set to assume their official roles as soon as legally permitted following the closing of the previously announced public listing. House of Doge and the Doge Merger Sub are expected to complete the go-public transaction in the second quarter of 2025, as disclosed in the March 3, 2025, joint announcement.
The Board-Elect includes Sarosh Mistry, President and CEO of Sodexo North America, Timothy Stebbing, Executive Director and CTO of the Dogecoin Foundation, and Michael Galloro, Managing Partner at ALOE Finance. Additional board seats will be held by the incoming CEO, while the fifth seat will be occupied by a prominent attorney. Their names will be disclosed when legally permitted.
“The payments industry is rapidly evolving, and cryptocurrencies are at the very forefront of innovation as corporations look for integrations to streamline their business.” Said Sarosh Mistry, President and CEO of Sodexo North America and Director-Elect of House of Doge. “Spearheaded by House of Doge and the SuchPay platform, dogecoin payments will pave the way for major enterprises who process millions of transactions daily to access a fast, cost-efficient crypto payment system with lower fees than traditional credit card processors. “
“We are thrilled to have House of Doge as our official commercialization partner, and to sit on the board amongst this esteemed group,” said Timothy Stebbing, Director of the Dogecoin Foundation and member of the Board of Directors of House of Doge. “This partnership allows for the Foundation to focus on developing world-class open-source technology while House of Doge leads adoption efforts through corporate collaborations, infrastructure development, and education. We are confident that through this partnership 2025 will be a defining year for Dogecoin.”
Advisory Board Appointments
The Advisory Board brings together Jens Wiechers, Executive Director of the Dogecoin Foundation, Doug Wall, Managing Partner of Dallas based Crypto private equity firm Shadow Partners, and Roger Rai, Vice Chairman of the Toronto Blue Jays.
Roger Rai, Vice Chairman of the Major League Baseball’s Toronto Blue Jays and Director-Elect of House of Doge affirmed the enthusiasm, saying “Dogecoin has the most loyal, vibrant community that has a demographic in the sweet spot of sports fans that teams like the Blue Jays and major leagues from stick and ball sports to motor racing want to keep entertained. Implementing Dogecoin which is a fast and easy currency enhances the entire experience and why I’m supporting House of Doge.”
Executive Team Appointments
House of Doge has appointed a CEO and President, an exceptional team with longstanding expertise in payments and financial technology. This team most recently built and led a highly successful payment platform, which was in early 2025 acquired by one of the world’s largest financial processors. Aligned with the Board’s vision, they are passionate supporters of the Dogecoin mission. Their names and strategic roles will be announced as soon as legally permitted.
Expanding Partnerships for Widespread Dogecoin Adoption
House of Doge is in active discussions with no less than 20 corporate partners to drive Dogecoin adoption across industries. Potential partners span fast food chains, global retailers, global food service providers, city councils for payments and ticketing, professional sports leagues, auto dealerships, and travel companies. As interest continues to surge, the list of companies looking for Dogecoin integration expands daily.
Key Focus Areas of the Partnership
- Payment Integration – House of Doge will help businesses seamlessly incorporate Dogecoin into their payment systems, ensuring fast and frictionless transactions.
- Consulting and Education – Businesses and individuals will gain access to expert guidance, educational resources, and consulting services on integrating Dogecoin.
- Infrastructure Development – Strengthening Dogecoin’s network infrastructure to support secure, scalable, and efficient transactions.
- Research & Development Funding – Ongoing investment in technological advancements to keep Dogecoin at the forefront of digital currency innovation.
House of Doge is also in negotiations to introduce financial products and alternative investments, including the tokenization of Real World Assets (RWA). These initiatives will further enhance Dogecoin’s utility, positioning it as a foundational asset within the evolving digital financial ecosystem.
About House of Doge
House of Doge team believes the future of money is already digital, and with Dogecoin’s speed and efficiency, it’s the ideal solution for the modern financial ecosystem. The team’s goal is to make Dogecoin a widely accepted decentralized currency for everyday use worldwide. To achieve this, House of Doge focuses on aggregating Dogecoin liquidity through robust operations in the U.S., creating a strategic reserve that will support its seamless use in commerce and government transactions. They are building the infrastructure necessary to ensure secure, efficient, and scalable Dogecoin transactions.
About Dogecoin Foundation
The Dogecoin Foundation is a nonprofit organization committed to developing open-source technology that enhances Dogecoin’s accessibility and utility as a peer-to-peer digital currency.
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Cryptocurrency
BinaryX Hits New ATH After 35% Pump, Could New Altcoin Solaxy Explode Next?

BinaryX (BNX) has just shattered its previous all-time high after surging 35% in the past 24 hours.
This GameFi platform on the BNB Chain has caught fire – proving that the blockchain gaming sector is alive and well.
But could the new Solana Layer-2 project, Solaxy (SOLX), be the next altcoin to pump after BNX?
BinaryX Explodes as GameFi Platform Hits Record High
Think of BinaryX as a playground for blockchain-based games, where players can earn crypto and be entertained simultaneously.
Originally a derivatives platform, BinaryX made a shift to gaming and now hosts popular titles like CyberDragon and CyberChess.
But BinaryX offers more than just games.
It also provides a launchpad for other game developers, helping them get their projects off the ground with funding and support.
All of this is governed by the community – BNX holders get a say in how things are run through a DAO.
And this brings us to BNX’s latest rally.
The token hit a new all-time high of $1.98 earlier today, and though it has since cooled off slightly to around $1.72, the bulls remain in control.
Spot trading volumes have surged 306% to $637 million, making BNX the 14th most-traded crypto globally.
It’s even outpacing Litecoin and Sui in trading activity.
What’s Behind BinaryX’s Price Surge?
What’s behind BinaryX’s incredible rally?
It’s a combination of factors that all seem to be hitting at the same time.
First, there’s the FORM token swap situation.
BinaryX rebranded its launch platform from Four.Meme to just “Four” – but this caused a key issue.
Its native token, FOUR, is widely used in the meme coin sector, so the team has decided to change the ticker to FORM.
BNX holders will be able to swap their tokens for FORM at a 1:1 ratio.
This news has been well-received by the community, and with the swap kicking off this week, the excitement is clearly driving the price action.
Then there’s the token burn that occurred in July of last year.
That burn saw 74% of the BNX supply permanently destroyed – and the impacts are now being felt as the token rallies.
BNX’s technicals also look strong, with resistance around $1.25 being broken convincingly.
All of these factors help explain why BinaryX is the top altcoin gainer today.
Could This Solana Layer-2 Be the Next Crypto to Explode? Solaxy Raises $26.7M in Presale
Could Solaxy be the next to surge after BinaryX?
This new Layer-2 project, built specifically for Solana, has raised $26.7 million in its presale, with the native SOLX token currently priced at $0.001666.
Popular YouTuber ClayBro believes SOLX could “run fast” after the presale ends – but why all the hype?
The main reason is that Solaxy addresses Solana’s occasional hiccups.
These include congestion issues and failed transactions that often occur during peak times, such as meme coin launches.
Solaxy does this by bundling transactions off-chain, smoothing out the process, and then settling them on the main Solana blockchain.
The developers are also building a bridge between Solana and Ethereum, allowing assets to flow freely between the two.
And on top of all that, there’s a staking app for SOLX, offering huge APYs.
No wonder the token has been listed on popular crypto-ranking sites like CoinSniper and ICOBench.
Unlike established Layer-2s like Base or Arbitrum, Solaxy focuses solely on Solana, giving it a unique selling point.
Investors are excited about this, believing its potential first-mover advantage could lead to a massive price surge once SOLX hits the open market.
Members of Solaxy’s Telegram channel are confident this will be the case.
Only time will tell, but Solaxy is definitely one to watch for BinaryX-style gains once its presale ends.
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