Nigerian court green lights arrest for six CBEX promoters — Report
A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange.According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and detention of six people who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors out of 1 billion naira, or roughly $620,000. The suspects in the cases did not appear to have been arrested at the time of publication. “[The defendants used] their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange by making adverts, and lured unsuspecting members of the public to invest cryptocurrencies on the CBEX investment platform,” the EFCC reportedly said in its motion for the arrest.The legal case marked another instance of Nigeria cracking down on representatives of crypto exchanges in the country. In February 2024, Nigerian authorities detained and arrested two Binance executives who were visiting to discuss the exchange’s activities. Related: Nigeria still open to crypto business despite rocky past: ReportIn April, many CBEX users began reporting that they could not withdraw their funds from the exchange, resulting in online outrage that led to real-world violence. A group of investors stormed CBEX’s local office in Ibadan, looting items like the air conditioning unit in an apparent attempt to recuperate some of their losses.The case against Binance is still onThe Nigerian case against Binance, in which a US citizen, Tigran Gambaryan, was detained and whose health reportedly deteriorated as he waited in prison, drew criticism from many in the crypto industry and US lawmakers. He was held for eight months on tax and money laundering charges before being released to US custody.Nigeria’s tax evasion case against Binance continues to move forward after Gambaryan’s release, though the exchange has no office in the country. Cointelegraph reached out to a representative from Nigeria’s Ministry of Information for comment but did not receive a response at the time of publication.Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Ethical finance must guide crypto’s evolution
Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own FoundationCrypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled.We must return crypto to its decentralized roots, a technological revolution built on long-term value, inclusivity and ethics rather than cyclical, speculative gains. The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer 2When Vitalik wrote a blog post on layer 2s as a cultural extension of Ethereum, he brought up a critical point not only in business and technology but humanity — what we build in this life should be more significant than ourselves. Citing blockchains, he described how layer 2s, which he framed as subcultures of Ethereum, don’t merely differ in their technical benefits but how their positioning and intricacies trickle down into the culture of their communities. In a space where new layer 2s are emerging rapidly, Vitalik’s insights are accurate and inspiring. When we build in a vacuum of echo chambers and monocultures, we miss out on the actual value of community in Web3. What really brings communities together? Too often in crypto, that answer has been making people rich. What it should be is shared ideals that solve real issues. If done with purpose and conviction, this can still make people money. While the rapid rise of layer 2 and layer 3 solutions promises scalability and efficiency, they are too often motivated by speculative gains rather than lasting value creation. If there’s any doubt, the numbers speak for themselves. Layer-2 fatigue aside, the sheer scope of this data raises the question: Is our industry innovating just because it can, or is it creating a real-world utility that improves the lives of fellow humans? There’s nothing wrong with building something to make money, but if that’s the only reason we’re building something, that’s a problem.Recent: Islamic finance and Web3 take stage at Istanbul Blockchain WeekWe need to shift the narrative and look at how Web3 is solving actual, fundamental issues in emerging markets — particularly in regions like the Middle East, Southeast Asia and Africa — as a north star for how to ethically build the future of our space. What does innovation indeed mean?If crypto projects think innovation in Web3 is only about VC-led fundraising rounds, comparing transactions per second, or building the next great decentralized application to trade cat coins, they have probably never existed in a place where even the simplest of financial transactions is cumbersome. In emerging markets, where people grapple with inflation, high remittance fees and limited access to financial services, we’ve witnessed how meaningful effects can transform the daily lives of millions. These are not abstract issues. They affect business owners, families, students, creators and more. From stablecoins to secure and user-friendly payment applications, Web3 offers a unique opportunity to address these problems by creating decentralized financial systems that bypass the inefficiencies and inequities of traditional banking. For Web3 to truly make a difference in these regions, it must be designed with a focus on ethics, accessibility and long-term utility. We must lead by example. In these markets, if innovation doesn’t create a meaningful disruption that improves people’s lives and addresses real-world problems, it’s nothing more than a buzzword. The most powerful solutions in technology are those that solve the world’s greatest problems.Ethical finance — Web3’s future?If you want inspiration, pay attention to those doing something different. If you want to inspire others, lead by example. Ethical finance, particularly Islamic finance, offers valuable lessons for Web3. Dating back to the 1960s and 70s in the Middle East and North Africa (and even further to around 620 AD), this sector is built on risk-sharing, ethical investment and a focus on tangible assets. Islamic finance has endured for centuries because it rejects speculation in favor of real, meaningful value. For example, we’ve seen the rise of ethical finance institutions like Al Rajhi Bank, one of the most prominent Islamic banks globally, known for its investments in tangible assets and community-oriented financial products. This model, which strives to build based on morals, substance and necessity versus mere financial opportunity, can guide Web3 as it moves beyond hype-driven growth.Build by example As we look toward the next few years with the wind and a bull market beneath our wings, the time has come for Web3 to take a hard look in the mirror and redefine what success and innovation genuinely look like. The answer to this won’t be the same for everyone — that would be pretty boring if it were. We must find a common ground of shared values that extends beyond technical achievements, market capitalization, total value locked or X followers but strives to innovate something more significant than any layer 2 or token. When gearing up to launch something new, our industry must ask itself something that lives at the heart of Islamic finance: How will this product improve people’s lives? Is it true to the ethos of creating decentralized systems that are transparent, fair and built for the benefit of all?If we can’t answer that, perhaps we should step back and ask why. Then, get back to work.Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Blockchain needs regulation, scalability to close AI hiring gap
The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030.Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph.The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List.Total workforce in tech industry. Source: Bitget ResearchWhile blockchain-based jobs had an average compound annual growth rate (CAGR) of 45%, outpacing most traditional tech sectors, it trails the AI industry’s 57% CAGR, according to the report.The AI industry’s maturity and larger share of venture capital investment are the main reasons behind the hiring discrepancy, Vugar Usi Zade, chief operating officer of Bitget exchange, told Cointelegraph:“Venture investors put more than $100 billion into AI startups in 2024, with AI-centric titles topping a million vacancies worldwide,” Usi Zade said. “Blockchain companies, meanwhile, advertise barely 20,000 openings and drew only about $5.4 billion in new funding during the same period.”Regional blockchain market distribution. Source: Bitget ResearchRelated: Crypto firms moving into Wall Street territory amid ‘growing synergy’Blockchain may generate over 1 million jobs by 2030AI-related job listings have risen between 75% and 100% year-over-year, while blockchain job growth remains around the 45% to 60% growth range.Blockchain vs AI job listings growth. Source: Bitget ResearchBlockchain could exceed 1 million jobs by 2030 if it manages to scale at the same rate as AI-based roles, the report said.More regulatory clarity from laws such as Europe’s Markets in Crypto-Assets Regulation (MiCA) may encourage blockchain firms to increase their hiring efforts, Zade said:“Europe’s MiCA rule-book, live since December 2024, is already thawing hiring freezes; similar clarity in the United States and Asia would unlock global head-count plans.”“Second comes enterprise-grade performance: Ethereum’s Dencun upgrade cut typical layer-2 fees by more than 95%, signaling that blockchains can now handle corporate traffic at an acceptable cost,” he added.Related: Trump fought the bond market, the bond market won: Saifedean AmmousWhile blockchain-based jobs are poised for growth, “AI will naturally garner more talent in the next decade,” Jawad Ashraf, CEO of Vanar Chain, told Cointelegraph.“This is because AI’s market integration has been faster than any other modern technology we can remember,” he said. “If you look at blockchain, we’re still very much focused on integrating with TradFi and broader Web3 markets like gaming, real-world tokenization, etc.”He added: “Blockchain still hasn’t penetrated the more conventional consumer-oriented markets. It will, in the near future, but we are not there yet.”Blockchain and AI are not competing for talent“AI and blockchain aren’t competing for talent; they’re working together to create new opportunities,” Yakov Lebedev, chief business development officer at 3Commas, a trading automation solution, told Cointelegraph.Combining the two technologies enables “sophisticated financial tools accessible for everyone, not just big institutions, he said, adding:“Companies are paying top dollar for professionals who understand both AI and blockchain, recognizing the value of this cross-domain expertise.” Lebedev added that the integration of blockchain with AI is driving steady job growth in both fields, as financial and tech firms move integrated solutions from pilot programs into core operations.Thanks to the synergistic benefits of the two technologies, blockchain job growth may start mirroring the AI industry, according to Adi Ben-Ari, founder and CEO at Applied Blockchain, an AI-powered blockchain development firm.AI technology is “probabilistic and introduces uncertainty,” which creates more demand for blockchain and cryptographic technologies, he told Cointelegraph.“AI produces outcomes that are not always accurate, can be fake, and can sometimes be incorrect,” he said. “This new uncertainty needs to be countered by a technology that brings absolute certainty, and this is where blockchain and cryptography come in.”Ben-Ari added that blockchain’s ability to secure sensitive information through cryptography would become increasingly important as AI consumes larger amounts of personal data. LUNA payments to STIX protocol. Source: BasescanAI agents are already using cryptocurrency for autonomous transactions. On Dec. 16, 2024, Luna, an AI agent on Virtuals Protocol, paid another AI agent from STIX Protocol, in exchange for its image generation services — sending $1.77 worth of Virtual (VIRTUAL) tokens, onchain data shows.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19
How to set up and use AI-powered crypto trading bots
Key takeawaysAI-powered crypto trading bots use machine learning to make smarter, faster trading decisions — without emotions.Setting up a bot involves choosing a platform, connecting your exchange, configuring strategies and running backtests.Bots can run 24/7, react to data instantly and are ideal for passive income seekers and active traders.While powerful, they’re not “set-it-and-forget-it” tools. You’ll need to monitor performance and tweak strategies over time.Understanding your goals (long-term investing, day trading, etc.) helps you choose the right bot and strategy.Crypto markets move fast and rarely sleep. That’s why AI-powered crypto trading bots are no longer a novelty. These bots use machine learning to analyze data, identify patterns and execute trades in real time, often faster and with more discipline than human traders.From beginners looking to automate simple strategies to professionals deploying predictive models, AI bots offer a scalable way to participate in volatile markets.This guide explains how to build the best AI trading bots for crypto, how AI trading bots work, how to set them up correctly and what to avoid for long-term performance, not just short-term automation.What are AI-powered crypto trading bots?AI-powered crypto trading bots are programs that automatically buy and sell crypto assets based on machine learning algorithms, rather than fixed rules. These bots ingest large volumes of historical and real-time data — price action, order book depth, volatility, even social sentiment — and use that information to detect opportunities.Unlike traditional bots that act only when predefined conditions are met, AI bots can adjust dynamically. For example, a bot trained on past market behavior might delay execution during uncertain conditions or increase position sizing during high-confidence periods. This adaptability makes them particularly useful in high-frequency, volatile environments where speed and objectivity matter.Advanced platforms like Freqtrade and Trality allow users to import custom-trained models, while others like Stoic by Cindicator use in-house quant research to automate portfolio balancing. The core advantage lies in their ability to reduce emotional trading and operate around the clock without fatigue.How to set up an AI crypto trading botGetting started with an AI-powered crypto trading bot is easier than ever, especially with today’s user-friendly platforms. But behind the ease of clicking “Start” lies a setup process that determines whether the bot performs reliably or becomes a source of costly errors. Proper setup ensures alignment with market conditions, trading goals and risk tolerance.Below are a few key points to bear in mind while setting up crypto trading bots:Choose a platform that supports AI functionality. Tools like Freqtrade, Trality and Jesse AI allow importing machine learning models. Others like 3Commas, Pionex and Cryptohopper focus on user-friendly automation and visual strategy builders.Connect the bot to an exchange using API keys. Security settings should always disable withdrawal permissions, enable 2FA and restrict access via IP whitelisting where possible.Configure the strategy. This includes defining trade pairs, order sizes, stop-loss and take-profit rules, cooldowns and maximum concurrent positions. Some platforms support prebuilt logic, while others allow full scripting with Python.Backtest the strategy using historical data. Platforms like 3Commas, Cryptohopper and Freqtrade support robust backtesting to measure risk-adjusted performance across different market phases.Deploy in live conditions with minimal capital. Initial live testing should include real-time monitoring of execution logs, fill prices, slippage and fees. Alerts should be set for failed orders or drawdowns. Most bots support integrations with Telegram, Slack or email for notifications.Choosing the right AI botSelecting the right AI-powered crypto trading bot is a foundational step toward building a sustainable, automated trading strategy. The decision should align with the desired strategy complexity, technical skill level, risk appetite and required exchange support. Bots differ not only in interface and pricing but also in how deeply they incorporate machine learning and adaptive logic.Some bots, like Pionex and Stoic by Cindicator, prioritize simplicity and automation with minimal configuration, targeting users who prefer passive execution or prebuilt strategies. Others, such as Freqtrade, Trality and Jesse AI, offer full control, deep customization and support for importing externally trained AI models — catering to users with programming experience or quantitative backgrounds.Strategy fit: Pionex and Bitsgap could be ideal for grid and dollar-cost-averaging (DCA) strategies. For trend-based or breakout strategies, 3Commas supports custom logic with popular indicators. Freqtrade and Jesse AI are best for those building predictive models with Python.Level of AI support: Some bots like Stoic by Cindicator use built-in quant models. Others like Trality and Freqtrade allow importing externally trained machine learning models for advanced control.User experience: No-code users can explore platforms like Cryptohopper and Kryll. Intermediate users often prefer 3Commas. Developers will benefit from Trality’s Python IDE or Freqtrade’s scripting interface.Exchange compatibility: Most bots support Binance, Kraken, KuCoin, Coinbase and Bybit. Platforms such as 3Commas and Bitsgap offer multi-exchange support and are especially popular among copy-trading users, allowing them to mirror professional strategies across multiple accounts in real time.Backtesting capabilities: Trality, Cryptohopper and 3Commas include visual backtesting. Jesse AI and Freqtrade offer deeper simulations with latency and slippage modeling.Security features: Look for bots with encrypted API key storage, IP whitelisting and two-factor authentication. These are standard on 3Commas and Trality.Pricing models: Pionex is free to use. Platforms like 3Commas and Trality run on subscriptions. Freqtrade and Jesse AI are open-source but require technical setup.Common mistakes while using AI bots and how to avoid themDespite the availability of powerful AI tools, some mistakes still lead to poor outcomes. These errors typically arise from misconfiguration, over-optimization or lack of oversight.Overfitting backtests: Many bots look great on paper but fail when they go live. Use walk-forward testing and avoid strategies that only succeed in past conditions.Relying on marketplace bots: Marketplace strategies from platforms like Kryll or Cryptohopper often lack adaptability. Always test and tweak before deployment.Weak risk controls: Skipping stop-losses or using oversized positions can wipe out capital. Bots like Freqtrade and Trality let users define precise risk limits. Make sure to use them.Ignoring trading costs: Backtests often ignore slippage and fees. Jesse AI and Freqtrade offer built-in tools to simulate these costs more accurately.Lack of monitoring: Bots need regular checks. Platforms like 3Commas and Trality support real-time alerts for failed trades or sudden drawdowns.Overleveraging: Using high leverage on exchanges like Bybit or Binance Futures (crypto derivative exchange) can lead to liquidation. Apply strict limits from the start.Wrong market fit: DCA works well in declining markets; breakout bots don’t. Platforms like Stoic and Kryll offer filters or pause triggers to prevent misfires.Avoiding these common errors requires thoughtful setup, continuous validation and disciplined risk controls. AI bots can enhance performance but require human oversight, strategic clarity, and technical awareness to deliver consistent results.The future of crypto AI tradingAI crypto trading is entering a new phase where real-time learning replaces static strategy templates. Instead of relying on predefined signals, emerging trading systems use reinforcement learning and online model retraining to adapt continuously to shifting market dynamics. Platforms such as Freqtrade, combined with cloud-native tools like Google Vertex AI or AWS SageMaker, enable this shift by supporting pipelines that monitor live order books, price volatility and macroeconomic indicators to automatically refine decision-making thresholds during active trading.A major evolution is the integration of large language models (LLMs) into trading workflows. Unlike traditional bots limited to charts and price data, LLM-enhanced agents interpret unstructured information — central bank statements, tokenomics updates, SEC filings or even Discord announcements — and convert it into actionable insights. Early implementations are emerging in institutional quant desks and experimental tools like Delphi AI and Kaito, which allow bots to pause or adjust positions based on narrative sentiment, regulatory shifts or reputational risk events in real time.AI is also expanding its footprint onchain, with smart contract-based agents executing trades, managing liquidity and optimizing DeFi yield in a fully decentralized manner. Projects like Fetch.ai are developing AI agents that operate autonomously across protocols without human intervention. These agents interact directly with AMMs, lending pools and governance protocols, ushering in an era where the lines between algorithmic trading, protocol participation and AI reasoning are entirely blurred within the blockchain itself.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Blockchain prediction markets offer new hope for scientific validation
Opinion by: Sasha Shilina, PhD, founder of Episteme and researcher at Paradigm Research InstituteDecentralized prediction markets are gaining ground in the scientific world, offering an intriguing answer to the field’s ongoing reproducibility crisis. While a notable share of research findings fail to replicate in independent tests, supporters believe market-driven forecasting can speed up identifying robust studies. Detractors remain cautious, worried that introducing financial wagers could compromise the measured, peer-reviewed process that has guided academic inquiry for centuries. The debate hinges on whether blockchain-based forecasting will elevate or destabilize scientific credibility.Crowdsourcing predictionsDespite these concerns, recent developments point toward real promise. Platforms like Polymarket and Pump.science have shown that crowdsourcing predictions can help refine collective judgment in fields as varied as politics and longevity. This model is being adapted for science, where it could quickly flag dubious claims and reward reproducible ones. Although critics highlight potential market manipulation, decentralized science (DeSci) advocates argue that broad participation from multiple stakeholders could democratize the validation process, discouraging one-sided interventions by well-funded groups.The crux of the pro-market argument is the possibility of financial accountability for flawed or exaggerated studies. Under the conventional system, questionable research can remain influential for years before its shortcomings come to light. Market-based validation turns that dynamic on its head, issuing direct financial losses to those who bet on shaky findings. Of course, the same mechanism allows for the “shorting” of credible but lesser-known work. Supporters note, however, that transparent market structures and robust liquidity can mitigate the worst effects of speculation, putting a welcome dose of rigor back into funding decisions and public trust.Regulations and complexitiesRegulatory scrutiny adds a layer of complexity. Some jurisdictions still classify prediction markets as gambling or derivatives, limiting their growth without specialized approvals. The early experience of platforms like Augur underscores how legal uncertainties can dampen mainstream engagement. Recent shifts in digital asset regulation and greater public interest in scientific accountability suggest that, with the proper framework, a path toward legitimacy is possible. Proponents see this as an opportunity for policymakers to differentiate between purely speculative markets and those with clear societal benefits, such as improving research standards.Knowledge frameworksData integrity is another obstacle that innovators are tackling head-on. Oracles, which feed external results into blockchains, remain a weak link if they rely on unverified or manipulated sources. More advanced AI oracle networks are incorporating multiple data feeds and transparent auditing processes to overcome this. This, in turn, incentivizes labs and journals to adopt higher data reporting standards, knowing that the market’s collective intelligence would quickly expose fraudulent or incomplete information.Recent: Bitcoin price prediction markets bet BTC won’t go higher than $138K in 2025Some experts remain unconvinced that prediction markets alone can outperform traditional peer review. After all, scientific publication is based on specialized expertise, and markets often rely on overlapping pools of experts who may carry existing biases. Yet others counter that the financial incentive can serve as a powerful accelerant for truth, ensuring that the possibility of monetary loss balances any conflict of interest. Rather than replacing peer review, prediction markets could operate in parallel, catching oversight or misconduct that slips through editorial filters.For advocates, this blend of market-driven oversight and decentralized participation holds the greatest promise. With a growing number of platforms willing to host questions on scientific claims and major institutions increasingly alarmed by irreproducible research, the stage is set for a new era of rigorous public validation. The outcome remains uncertain, but the core idea — that a small bet can spark a significant reckoning — has won over many open-science supporters and decentralized finance innovators. If blockchain-based prediction markets continue to mature, they may become a key ally in restoring scientific credibility, offering a faster, more transparent form of discovery.Opinion by: Sasha Shilina, PhD, founder of Episteme and researcher at Paradigm Research Institute. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
What are XRP futures and how to invest in them?
If you’re following developments in the cryptocurrency market, you’ve likely noticed that Coinbase Derivatives has introduced XRP futures contracts to its US derivatives exchange. This move is part of a broader trend where regulated platforms are expanding access to futures trading, giving investors new ways to engage with digital assets like XRP (XRP).But what exactly are XRP futures? And how do you get involved as an investor or trader?Let’s take a closer look.What are XRP futures?XRP futures are standardized financial contracts that allow you to agree to buy or sell XRP at a predetermined price on a specific future date. Rather than trading the actual token, you’re trading a contract that tracks the price of XRP.These contracts are overseen by the US Commodity Futures Trading Commission (CFTC), meaning they operate within a regulated framework. That adds a level of oversight and structure that appeals to many investors, particularly those wary of the risks tied to unregulated platforms.On April 3, 2025, Coinbase Derivatives announced it had filed with the CFTC to self-certify XRP futures contracts, and the contracts were launched on April 21, 2025.Types of XRP futures contracts offered by CoinbaseCoinbase’s offering includes:Nano XRP futures represent 500 XRP per contract, cash-settled in US dollars. These are designed for retail traders and smaller institutions, offering lower capital requirements while still providing exposure to XRP price movements.Standard XRP futures cover 10,000 XRP per contract, are also settled in USD, and are aimed at larger institutions and active traders.This variety lets you choose a position size that matches your risk tolerance and investment strategy. But what do terms like “cash-settled” actually mean?Both Nano and Standard XRP futures are contracts that let you trade based on the price of XRP — but you don’t actually own or receive XRP. You’re trading contracts that track XRP’s price.And, when the contract closes, the difference between your entry and exit price is calculated (profit or loss) and settled in USD — this is what cash settlement means. Did you know? Other products offered by the Coinbase Derivatives exchange include more than 20 futures contracts on assets such as Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Solana (SOL), Chainlink (LINK) and Stellar (XLM).Why choose XRP futures contracts over buying XRP?You might be wondering why someone would choose futures over simply buying XRP on the spot market.Here are a few reasons:Leverage: Futures often allow you to control a large position with a relatively small amount of capital. While this can amplify gains, it also increases potential losses.Hedging: If you already hold XRP and expect short-term volatility, futures can be used to protect your portfolio.Speculation: Futures allow you to take both long (bullish) and short (bearish) positions, so you can potentially benefit from market moves in either direction.No wallet or storage needs: Buying XRP requires a secure wallet and managing private keys, which carries risks like hacking or loss. Futures contracts are financial instruments traded on exchanges, eliminating the need for direct XRP custody.Liquidity and accessibility: Futures markets often have high liquidity, making it easier to enter and exit positions. Some exchanges offer XRP futures with lower barriers than buying XRP on certain crypto platforms, especially in regions with regulatory restrictions.Cash settlement: Many XRP futures are cash-settled, meaning you settle profits or losses in fiat or stablecoins without handling XRP itself, simplifying the process for traders avoiding crypto custody.When to choose futures contracts:You want to trade XRP price movements with leverage or flexibility to go long or short.You prefer not to deal with crypto wallets or custody.You’re hedging an existing XRP position or portfolio.You’re comfortable with the risks and complexities of derivatives.When to buy XRP:You believe in XRP’s long-term value and want to hold it as an investment.You plan to use XRP for transactions or in its ecosystem (e.g., Ripple’s payment network).You want to avoid the risks of leverage and futures margin calls.Ultimately, futures suit active traders or those seeking leveraged exposure, while buying XRP could be ideal for long-term holders or users of the asset. You must always assess your risk tolerance and goals before deciding whether to invest in XRP or XRP futures.Did you know? The MarketVector™ Coinbase XRP Benchmark Rate provides a robust USD price reference exclusively for XRP traded on the Coinbase Exchange. It includes no other assets and no other exchanges — just XRP, just Coinbase.Where to invest in XRP futuresIf you’re looking to invest in XRP futures, there are several platforms (other than Coinbase) offering access depending on your location and trading needs.Kraken Futures: Kraken provides XRP futures with leverage. In Australia, access is limited to wholesale clients through Beaufort Fiduciaries Pty Ltd (AFSL no. 545124). In the United Kingdom, only clients classified as Professional Clients under Financial Conduct Authority rules can trade through Crypto Facilities Limited (FRN: 757895).Binance: Binance offers XRP/USDT perpetual futures contracts, allowing users to trade XRP without an expiry date. These contracts support leverage, giving traders flexibility in managing exposure. However, as of May 28, 2024, Binance no longer supports XRP as a margin asset under its “Multi-Assets Mode,” though XRP futures remain available in other trading modes.OKX: OKX also provides XRP/USDT perpetual swaps, which let traders speculate on XRP price movements continuously. While OKX delisted XRP expiry futures contracts in December 2024, perpetual swaps are still supported. Traders can apply leverage and adjust positions based on their risk strategy.Bitget: It is a globally accessible platform that offers XRP futures with options to take long or short positions. It features a user-friendly interface, making it suitable for both new and experienced traders, though availability depends on regional regulations.KuCoin Futures: KuCoin supports XRP perpetual contracts (XRP/USDT) with leverage. The platform is known for low trading fees and offers various features for different trading strategies. It’s accessible in many countries, with some regional restrictions.MEXC: It provides XRP futures in both USDt-margined and coin-margined formats. MEXC supports high leverage and offers educational tools, catering to traders of all levels. The platform is available in most regions, though users should check for local compliance.Delta Exchange: It lists XRP perpetual futures with leverage up to 100x. It’s known for low fees and advanced risk management tools. The platform is available to traders in several countries, depending on local laws.Bitfinex: Lastly, Bitfinex offers XRP futures as part of its broader derivatives portfolio. Its platform caters to advanced users with customizable strategies. Access is region-dependent, and traders must ensure eligibility based on their location.Did you know? Coinbase crypto derivatives are not available to retail clients based in the United Kingdom or Spain due to local regulatory restrictions. How to invest in XRP futures If you’re interested in trading XRP futures, here are general steps to get started:Choose a platform: Select a regulated exchange offering XRP futures, such as Coinbase’s US Derivatives Exchange. Create an account and complete identity verification, which typically involves submitting a valid ID and proof of address.Understand the product: Research how XRP futures contracts work, including contract sizes (e.g., Coinbase offers standard contracts of 10,000 XRP or nano contracts of 500 XRP), margin requirements, leverage options and fees. Futures are complex, so review the exchange’s documentation and understand risks, such as liquidation.Fund your account: Deposit USD or another accepted currency to use as collateral (margin) for trading. Check the platform’s minimum deposit and margin requirements. For example, Coinbase settles futures in USD, and you can fund via bank transfer or debit card.Place your trade: Use the platform’s trading interface (e.g., Coinbase Advanced) to select XRP futures contracts (symbol: XRL for standard XRP contracts on Coinbase). Decide whether to go long (buy) or short (sell), set your position size, and apply any leverage if available. Confirm the trade after reviewing details.Practice risk management: Futures carry high risks due to leverage and volatility. Set stop-loss orders, limit position sizes based on your risk tolerance, and avoid risking more than you can afford to lose. For instance, some exchanges pause trading if the underlying asset’s price moves over 10% in an hour to mitigate volatility risks.Monitor the market: Track XRP’s price, market sentiment, funding rates and external factors like regulatory news or macroeconomic trends. Use tools like candlestick charts or technical indicators on the platform to inform your strategy. Stay updated to adjust positions and avoid unexpected losses.Oregon targets Coinbase over XRP, cites securities violationsOregon’s Attorney General has sued Coinbase, claiming the exchange offered unregistered securities, including XRP. The lawsuit argues that a wide range of digital assets traded on the platform qualify as investment contracts under state law.State officials say the case is part of a broader effort to step in where federal enforcement has pulled back. Legal experts note that while the outcome won’t set a national precedent, it could influence how regulators and courts approach similar cases.The timing is notable — just weeks after the SEC dropped its case against Ripple and days after Coinbase listed XRP futures on its US derivatives exchange.Did you know? On March 25, 2025, Ripple Labs settled its long-standing legal dispute with the SEC. As part of the agreement, Ripple consented to pay a reduced fine of $50 million — down from the original $125 million — without admitting any wrongdoing.How risky are crypto futures?Futures trading offers opportunities, but it comes with significant risks — especially if you’re new to derivatives. Here’s what you should keep in mind:Leverage risk: While leverage can increase your returns, it also amplifies losses. A small price move in the wrong direction can quickly deplete your account.Volatility: XRP is known for its sharp price swings. Futures contracts can exaggerate the impact of volatility on your position.Funding rates: Perpetual futures contracts charge periodic funding fees, which can eat into profits if held long-term.Liquidation: If the market moves against you and your margin falls below the required level, your position may be automatically closed — often at a loss.Complexity: Futures are more complicated than spot trading. Understanding contract terms, funding rates and expiry dates is crucial to managing your trades effectively.Market liquidity: While XRP is a liquid asset, futures trading depends on active participation. Thin order books can lead to slippage and unexpected price movements.Emotional pressure: The fast-paced nature of futures trading can lead to impulsive decisions. Discipline and a clear strategy are essential.If you’re new to this type of trading, consider starting with a demo account or using nano contracts to reduce your exposure while you learn. Trade smart — your safety’s on you!This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Symbiotic raises $29M for staking-based universal coordination layer
Cryptocurrency staking protocol Symbiotic closed a $29 million Series A funding round led by Web3-focused investment firms, including Pantera Capital and Coinbase Ventures, to support the launch of a new economic coordination layer for blockchain security.The round included more than 100 angel investors, with participation from major industry players including Aave, Polygon and StarkWare, the company said in an April 23 announcement shared with Cointelegraph.The closing of the funding round also marks the launch of Symbiotic’s Universal Staking Framework, which aims to be an economic coordination layer that bolsters blockchain security via staking.The new staking layer enables the use of any combination of cryptocurrencies to secure networks, including monolithic and modular layer-1 and layer-2 blockchains, the announcement stated.“We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk,” Misha Putiatin, co-founder of Symbiotic, told Cointelegraph. “This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure.”Related: Ethereum L2 development is ‘double-edged sword’ for ETH valueThe “next step” in blockchain infrastructureThe new staking layer is the “next step in blockchain infrastructure” due to unlocking “economic coordination between assets and networks that were previously impossible,” according to Paul Veradittakit, managing partner at Pantera Capital.“As the number and variety of onchain assets continue to increase, Symbiotic allows them to easily serve as economic security while enabling entirely new use cases across DeFi,” he added.Blockchain networks looking to bolster security can adopt Symbiotic’s network of decentralized validators that bring “programmable security” without the need to modify infrastructure.According to the company, 14 networks, including Hyperlane, Spark and Avail, have already adopted the new coordination layer, with 20 more expected to follow.The staking layer enables “any protocol, including L1s, bridges, oracles, and even emerging verticals like artificial intelligence or zero-knowledge systems, to configure their own validator sets, incentive mechanisms and slashing conditions without having to rebuild core infrastructure,” Putiatin said.Related: Bitcoin ETFs log $912M inflows in ‘dramatic’ investor sentiment boostCrypto needs more collaborative economic incentives: HoskinsonCardano founder Charles Hoskinson, speaking at Paris Blockchain Week 2025, emphasized the need for collaborative economics in the crypto industry to counter growing competition from traditional tech firms entering the blockchain space.Charles Hoskinson. Source: CointelegraphCrypto’s “circular economy,” which often means that the rally of a specific cryptocurrency is bolstered by funds exiting another token, is limiting the growth of the industry, said Hoskinson.“The problem right now, with the way we’ve done things in the cryptocurrency space, is the tokenomics and the market structure are intrinsically adversarial. It’s sum 0,” said Hoskinson. “Instead of picking a fight, what you have to do is you have to find tokenomics and market structure that allows you to be in a cooperative equilibrium.”“You can’t build a global ecosystem this way, and you can’t win this way,” he said. “Because here’s the thing. The incumbents are much larger.”Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
Crypto drainers now sold as easy-to-use malware at IT industry fairs
Crypto drainers, malware designed to steal cryptocurrency, have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model.In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT).Crypto drainers report image. Source: AMLBotAMLBot CEO Slava Demchuk told Cointelegraph that “previously, entering the world of cryptocurrency scams required a fair amount of technical knowledge.” That is no longer the case. Under the DaaS model, “getting started isn’t significantly more difficult than with other types of cybercrime.”Demchuk explained that would-be drainer users join online communities to learn from experienced scammers who provide guides and tutorials. This is how many criminals involved with traditional phishing campaigns transition to the crypto drainer space.Related: North Korean hackers target crypto devs with fake recruitment testsCybercrime in Russia — almost legalGroups offering crypto drainers as a service are increasingly bold and some are evolving almost like traditional business models, Demchuk said, adding:“Interestingly, some drainer groups have become so bold and professionalized that they even set up booths at industry conferences — CryptoGrab being one such example.“When asked how a criminal operation can send representatives to information technology industry events without repercussions, such as arrests, he pointed to Russian cybercrime enforcement as the reason. “This can all be done in jurisdictions like Russia, where hacking is now essentially legalized if you’re not operating across the post-Soviet space,” he said.The practice has been an open secret in the cybersecurity industry for many years. Cybersecurity news publication KrebsOnSecurity reported in 2021 that “virtually all ransomware strains” deactivate without causing harm if they detect Russian virtual keyboards installed.Similarly, the information stealer Typhon Reborn v2 checks the user’s IP geolocation against a list of post-Soviet countries. According to networking firm Cisco, if it determines that it is located in one of those countries, it deactivates. The reason is simple: Russian authorities have shown that they will act if local hackers hit citizens of the post-Soviet bloc.Related: What is Bitcoinlib, and how did hackers target it?Drainers keep growingDemchuk further explained that DaaS organizations usually find their clientele within existing phishing communities. This includes gray and black hat forums on both clearnet (regular internet) and darknet (deep web), as well as Telegram groups and channels and gray market platforms.In 2024, Scam Sniffer reported that drainers were responsible for about $494 million in losses, a 67% increase over the previous year, despite a 3.7% increase in the number of victims. Drainers are on the increase, with cybersecurity giant Kaspersky reporting that the number of online resources dedicated to them on darknet forums rose from 55 in 2022 to 129 in 2024.Developers are often recruited through normal job adverts. AMLBot’s open-source intelligence investigator, who prefers to remain anonymous for safety reasons, told Cointelegraph that while researching drainers, his team “did come across several job postings specifically targeting developers to build drainers for Web3 ecosystems.”He provided one job advert that described the required features of a script that would empty Hedera (HBAR) wallets. Once again, the offer was mainly targeted at Russian speakers:“This request was originally written in Russian and shared in a developer-focused Telegram chat. It’s a clear example of how technical talent is actively recruited in niche, often semi-open communities.“The investigator further added that ads like this appear in Telegram chats for smart-contract developers. Those chats are not private or restricted, but they are small, with usually 100 to 200 members.Administrators quickly deleted the announcement provided as an example. Still, “as is often the case, those who needed to see it had already taken note and responded.”Traditionally, this kind of business was conducted on specialized clearnet forums and deep web forums accessible through the Tor network. Still, the investigator said that much of the content moved to Telegram thanks to its policy against sharing data with authorities. This changed following the arrest of Telegram CEO Pavel Durov:“As soon as Telegram announced that it was giving out data, then the outflow to Tor started again, because it is easier to protect oneself there.”Still, this is a concern to cybercriminals that may no longer be relevant. Earlier this week, Durov expressed misgivings over a growing threat to private messaging in France and other European Union countries, warning that Telegram would rather exit certain markets than implement encryption backdoors that undermine user privacy.Magazine: As Ethereum phishing gets harder, drainers move to TON and Bitcoin
DeFi Development Corp adds $11.5M SOL, shares jump 12%
DeFi Development Corporation, formerly known as Janover, is ramping up its Solana treasury strategy following a buyout led by Kraken executives.According to an April 22 announcement, the company added 88,164 Solana (SOL) to its treasury, worth $11.5 million and bringing its Solana stake to $34.4 million.On April 7, DeFi Development Corporation was acquired by a group of former Kraken executives. As part of the deal, the company announced a shift toward crypto, including a rebrand and a Solana-based reserve treasury. Before the transition, Janover operated in the real estate financing space, linking lenders with commercial property buyers.Since the takeover, the company has made multiple purchases of SOL, including a buy of $10.5 million on April 16. With the latest purchase, DeFi Development Corporation’s total holdings stand at 251,842. The company plans to stake the tokens to generate additional yield.As of this writing, shares of DeFi Development Corporation (JNVR) are up 12.83% on the news, according to Google Finance.DeFi Development Corporation’s intraday performance. Source: Google FinanceStaking is the process of locking up cryptocurrency to help secure a blockchain network and earn rewards in return. Solana briefly surpassed Ethereum in total staked value on April 21, with over $53.9 billion worth of SOL staked by more than 500,000 unique wallet holders, yielding an 8.31% annualized return.Crypto treasury strategies gaining tractionSince Michael Saylor’s Strategy began adding Bitcoin (BTC) to its balance sheet in August 2020, more companies have followed suit with crypto treasuries, often seeing a boost in their stock prices as a result.Japanese company Metaplanet announced its Bitcoin treasury in 2024 and recorded a 4800% rise in its share price as of Feb. 10, though it has fallen since then. Semler Scientific, a healthcare technology company, saw a 30% stock price rise after it announced its BTC reserve treasury.Other companies are expanding their digital assets approach to other cryptocurrencies, such as SOL. Upexi, a Nasdaq-listed supply chain firm, recently announced the creation of a SOL treasury to diversify its assets.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
Lawyer hopes Hashflare co-founders can 'self-deport' after sentencing
A lawyer representing one of the co-founders of crypto mining service Hashflare has addressed how their criminal case may move forward after the pair received “self-deport” letters from the US Department of Homeland Security (DHS).In an April 11 filing in the US District Court for the Western District of Washington, Hashflare co-founders Sergei Potapenko and Ivan Turogin reported they had received a DHS letter directing them to “leave the United States” as part of a push by the Trump administration to effect mass deportations. The government letter contradicted orders from Judge Robert Lasnik, who restricted travel for Potapenko and Turogin as part of their bail conditions.In February, the Estonian nationals pleaded guilty to conspiracy to commit wire fraud as part of a deal with authorities. Between 2015 and 2019, the two were responsible for defrauding Hashflare users out of more than $550 million. They also raised $25 million from investors in 2017, claiming they would establish a digital bank called Polybius. The firm was never created.Indicted in October 2022, Potapenko and Turogin were arrested and held in Estonia before their extradition to the US in May 2024. Both have been free on bail since July 2024 but could face up to 20 years in prison each at sentencing.Ordered to leave, forced to stay“[Potapenko and Turogin each] got letters from DHS to their personal email saying ‘deport immediately,’” Reed Smith partner and defense counsel Mark Bini told Cointelegraph. “It caused some angst because [our client and his co-defendant], their conditions of release include that they comply with the law. And here you have this letter saying if you stay in the country, you’re breaking the law. And of course, their bail conditions say they can’t leave the Seattle area.” Related: Russian Gotbit founder strikes $23M plea deal with US prosecutorsThe DHS letters ordering certain people to “depart the United States immediately” were reportedly sent to thousands of immigrants who had used the government’s CBP One app to enter the country legally. However, some citizens reported receiving the same letter in US President Donald Trump’s attempts to effect deportations through his office. Bini initially thought it was a possibility that the US government was suggesting that Potapenko or Turogin “self-deport” to Estonia after the Justice Department issued a memo hinting it would change its enforcement policy in criminal cases involving crypto. The Hashflare co-founders had been expected to remain in the jurisdiction until at least Aug. 14 for their sentencing hearings.“I have not encountered this situation before, where you have essentially two folks in the federal government telling you conflicting things,” said Bini. The attorney added that Potapenko or Turogin now carried letters with them at all times that stated DHS had deferred action on their “self-deportation” for one year in the event that authorities mistakenly tried to detain them and remove them from the country. Though the pair could still receive prison time, Potapenko, Turogin and Hashflare reported returning $400 million in crypto payments to users and “agreed to forfeit their interests in assets that the government froze in 2022.”“We’re going to try and convince the judge to frankly side with DHS and let them self-deport to Estonia to their families because we believe that there was no actual financial harm to the customers of Hashflare,” said Bini. “It’s a weird [case] because for our clients, we want to be deported. Our clients are Estonian. Their families are Estonian.” Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set