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This Exchange Will Stop Trading Almost All Crypto Assets After $1.5M SEC Settlement

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Within the next six months, the United States arm of the financial services company, eToro, would cease trading almost all crypto assets on its platform due to a new order from the Securities and Exchange Commission (SEC).

According to a press release from the SEC, eToro has violated federal securities laws since at least 2020. As a result, the exchange would pay a fine of $1.5 million and make a limited set of cryptocurrencies available for trading.

SEC Announces Settlement With eToro

The SEC accused eToro of operating as an unregistered broker and clearing agency and facilitating the buying and selling of crypto assets as securities on its online trading platform. While the exchange offered these services, it failed to comply with the registration provisions of the federal securities laws.

In line with the settlement, eToro has agreed to cease violating federal securities laws. Henceforth, the exchange will only offer Bitcoin (BTC), Bitcoin Cash (BCH), and Ether (ETH) to its users.

Following the SEC’s order, eToro’s customers have only 180 days to sell other assets that are to be eliminated from the platform, or the exchange will liquidate the cryptocurrencies and return the proceeds to users. The SEC said the online trading platform neither admitted nor denied the allegations but just agreed with the settlement.

“By removing tokens offered as investment contracts from its platform, eToro has chosen to come into compliance and operate within our established regulatory framework. This resolution not only enhances investor protection, but also offers a pathway for other crypto intermediaries. The $1.5 million penalty reflects eToro’s agreement to cease violating applicable federal securities laws as it continues its U.S. operations,” said Gurbir Grewal, Director of the SEC’s Division of Enforcement.

More Regulatory Issues

Over the past few years, eToro has taken steps to remain compliant with the SEC’s laws. In June 2023, the exchange imposed restrictions on several crypto assets classified as securities in the agency’s lawsuits against rival trading platforms Coinbase and Binance.

The assets include Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). Notably, the firm had already delisted Ripple (XRP), Cardano (ADA), and Tron (TRX) for several reasons in the months prior.

Meanwhile, eToro is not just facing regulatory heat from the SEC; the Australian Securities and Investments Commission sued the platform last month for harming investors through its products.

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Cryptocurrency

ChainGPT Expands to Solana: $CGPT Token & Full AI Suite Go Multichain

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[PRESS RELEASE – Dubai, United Arab Emirates, May 12th, 2025]

ChainGPT, a pioneer in blockchain AI solutions, has officially expanded its ecosystem to Solana, bringing its full suite of blockchain AI tools, services, and $CGPT token to one of the industry’s fastest and most scalable networks. This marks a major step in ChainGPT’s multichain vision and unlocks unprecedented opportunities for developers, users, and businesses within the Solana ecosystem. The full rollout of ChainGPT’s AI suite and infrastructure on Solana is in progress and will be completed over the next two weeks.

Solana is recognized for its high-performance blockchain, which processes over 4000 transactions per second and offers ultra-low fees via a unique Proof-of-History (PoH) combined with a Proof-of-Stake (PoS) consensus mechanism. With an active user base exceeding 125 million, Solana provides the ideal infrastructure for ChainGPT’s AI-powered tools to thrive at scale. This integration positions ChainGPT to help developers build faster, more securely, and more effectively on Solana, while enabling new use cases through its cross-chain AI ecosystem.

With this expansion, ChainGPT is tapping into Solana’s ecosystem to provide users with a seamless, efficient, and powerful AI-driven experience. This includes ChainGPT’s rapidly growing user base and deep engagement across the Web3 space:

  • 250,000+ Monthly Active Users: A rapidly expanding ecosystem of builders, users, and Web3 participants.
  • 1M–3M+ Monthly Web Visitors: High traffic volume to ChainGPT’s platforms and tools.
  • 1M+ Followers on X (3M+ Across All Socials): A vibrant and growing global community.

ChainGPT’s mission to democratize AI-powered blockchain tools aligns perfectly with Solana’s capabilities, ensuring:

  • ​​Crypto AI Hub: Delivering multichain AI-powered blockchain tools, now available on Solana.
  • Web3 AI Chatbot & LLM: Enhanced to handle Solana-specific data and smart contract queries.
  • Cross-Chain Swap: Seamlessly bridges EVM chains with Solana for frictionless token movement.
  • ChainGPT Pad & DegenPad: Supporting Solana-native token launches and decentralized fundraising.
  • ChainGPT Labs: Expanding strategic investments in AI innovation within the Solana ecosystem.
  • $1M Grant Program: Supporting developers and founders building AI applications on Solana.
  • $CGPT Token Launch: Will be deployed natively on Solana and traded on Raydium.

(The exact date & time of the CGPT token launch on Solana will be revealed next week on ChainGPT’s X account).

A strong technical foundation and strategic partnerships support this expansion:

  • LayerZero and Stargate: Powering secure cross-chain interoperability.
  • Raydium: ChainGPT’s decentralized exchange partner for Solana-based liquidity.
  • Certik: Providing industry-standard auditing and smart contract security.

These collaborations ensure a seamless user experience while upholding the security and reliability ChainGPT is known for. Together, these efforts position ChainGPT to play a pivotal role in advancing AI-powered tools and services for Solana developers, businesses, and the broader Web3 community.

Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software said, “Solana offers a dynamic, high-performance foundation for Web3 innovation, and we’re thrilled to bring ChainGPT’s AI infrastructure into this ecosystem. With its speed, scalability, and developer-first ethos, Solana unlocks powerful new opportunities for AI-driven applications, and we’re here to help builders harness that potential.”

As part of this integration, the $CGPT token is now available on Solana, providing users with cross-chain utility and enabling access to ChainGPT’s growing range of AI services. While the token plays a role, the focus remains on building long-term value through product utility, developer adoption, and AI innovation. ChainGPT invites developers, founders, and ecosystem partners to explore its AI infrastructure, which is now live on Solana.

To learn more, users can visit ChainGPT.org and join the community building the future of AI x Web3.

About ChainGPT 

Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.

ChainGPT aims to release AIVM (AI Virtual Machine) on testnet during 2025, building a decentralized AI economy. AIVM, a Layer-1 blockchain, combines a decentralized GPU market, model, and dataset marketplace, verifiable AI on-chain, and an AI Agent framework.

This marks a major step in ChainGPT’s mission to reimagine how intelligence is created, verified, and deployed at scale.

Users can learn more at: https://www.chaingpt.org/

General Resources:

Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | AIVM

CGPT DAO | AI NFT Generator | Staking | Blog |

ChainGPT Community and Social Media:

Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok

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Cryptocurrency

Ripple (XRP) Price Predictions for This Week

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XRP rally continues with a minor increase of 3.5% daily, but can it break $2.6?

XRP Price Predictions to Watch This Week

Key Support levels: $2.3, $2.0

Key Resistance levels: $2.6, $3

1. Price Makes Higher Highs

The rally is picking up speed after XRP closed the weekend in green. This took the asset to almost $2.5 before a short pullback. If buyers continue the pressure, they have a good chance to test the resistance at $2.6 next. If they break above that level, then XRP has a good shot at $3.

XRPUSDT_2025-05-12_17-34-41
Chart by TradingView

2. Momentum is Picking Up Speed

The price is making higher highs and higher lows with a clear uptrend. However, the buy volume remains low compared to previous rallies. Hopefully, this can change as soon as the price breaks above $2.6, since that will encourage buyers to return in numbers. The current support is at $2.3.

XRPUSDT_2025-05-12_17-35-02
Chart by TradingView

3. RSI Makes New Highs

On Saturday, the daily RSI reached almost 69 points and made a new high before sellers returned to take XRP into a pullback. This shows a clear bullish uptrend. As long as the RSI makes a higher low as well, there is no reason to think this uptrend will stop any time soon.

XRPUSDT_2025-05-12_17-35-48
Chart by TradingView
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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.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Ethereum Price Analysis: Is ETH Due for a Correction After 42% Weekly Surge?

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Ethereum has experienced a notable surge in the past few weeks, reaching a crucial resistance region at the $2.6K level. However, the confluence of key resistance factors at this range suggests a likely consolidation before the next major move.

Technical Analysis

The Daily Chart

ETH has been in a strong and impulsive uptrend, reflecting a clear return of demand and buying strength in the market. The price has now reached a critical resistance zone near $2.6K, which aligns with both the 200-day moving average and the previously broken lower boundary of a multi-month ascending channel.

This confluence forms a strong resistance cluster, suggesting potential supply at this level and posing a significant challenge to further upward movement.

As a result, a temporary consolidation or corrective phase appears necessary for the market to stabilize and gather enough momentum for a potential breakout. The RSI indicator has also entered overbought territory, reinforcing the likelihood of a short-term correction.

The 4-Hour Chart

On the lower timeframe, Ethereum’s aggressive buying momentum has driven the price through several resistance levels. This rally signals the buyers’ intention to target all-time highs in the coming months. However, ETH has now reached a key supply zone of around $2.6K, which corresponds with a major swing high in March. This area has already capped the rally, suggesting a potential short-term pause or consolidation.

While a quick breakout above this resistance is still possible, the overbought RSI levels make a brief correction or sideways movement within this range, which is the more probable near-term scenario.

Onchain Analysis

By ShayanMarkets

The funding rates metric is a key indicator of sentiment in the futures market. Analyzing its recent behaviour offers valuable insight into Ethereum’s latest surge. In healthy and sustainable bullish trends, funding rates typically rise gradually, indicating increased participation from buyers in both the perpetual futures and spot markets.

Currently, however, funding rates remain relatively flat, showing no significant uptick. This suggests that Ethereum’s recent price surge has been primarily driven by spot market demand rather than speculative activity in the futures market. This is a bullish sign, as it implies the uptrend is organic and not fueled by excessive leverage, reducing the risk of liquidation cascades and indicating a more stable trend.

Still, for the bullish momentum to be sustained and validated, funding rates should begin to rise, reflecting increased confidence and more aggressive positioning by futures traders.

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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.

Cryptocurrency charts by TradingView.

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