12 Aug 2025, 09:42

Wisconsin lawmakers unveil second crypto ATM bill to curb fraud

Wisconsin legislators have introduced a bill to bring crypto ATMs under state licensing and impose strict consumer safeguards, as these machines continue to draw legal scrutiny within the United States for their role in crime. Led by Senator Kelda Roys with support from six other lawmakers, Senate Bill 386 mirrors a companion measure that was already filed in the State Assembly last month. Across both SB 386 and the Assembly Bill 384, filed by Rep. Ryan Spaude (D-Wis.), lawmakers want to place cryptocurrency kiosk operators under the state’s money transmitter licensing system and add new layers of oversight for machines scattered across convenience stores, gas stations, and other retail spaces. Crypto ATMs are accessories in crime Wisconsin lawmakers have fast-tracked the measures in response to an uptick in fraud cases where bad actors have used crypto ATMs as a tool to dupe victims. The Treasury Department’s Financial Crimes Enforcement Network recently released a report highlighting that the number of crypto ATM related fraud complaints jumped 99% in 2024. Over $247 million was reportedly lost to these incidents, marking a 31% hike. Supporters of the measure argue that the largely unregulated nature of these terminals makes them a soft target for scammers, often preying on elderly residents and vulnerable communities. As such, regulators have proposed a framework that they believe would keep the more than 500 Bitcoin ATMs currently active within the state in check. How will Wisconsin regulate crypto ATMs? Under the proposed framework, any operator of a virtual currency kiosk in Wisconsin would need to obtain a state money transmitter license. Every kiosk would be required to display a prominent “Fraud Alert” both on its physical casing and electronically on the transaction screen. The warning, printed in at least 20-point type, would outline common scam tactics—such as impersonating loved ones, government agencies, or law enforcement—and warn users not to proceed if instructed to send virtual currency by someone they do not know. Every customer would have to acknowledge the warning before they would be able to transact. As an added layer of protection, first-time users will be required to submit their full legal name, date of birth, address, phone number, and email, along with a government-issued photo ID. For all other subsequent transactions, customers would be required to verify their identities, and a photo of the customer would be taken at the kiosk. Transaction limits and refunds Another key protection measure is a daily transaction limit of $1,000 per customer. For operators, the bill requires that fees be capped at the greater of $5 or 3% of the transaction amount. SB 386 also mandates a refund obligation, wherein victims of fraud would have a chance of recovering any lost cryptocurrencies if they notify both the operator and law enforcement within 30 days of the incident. No tolerance policy in the US As of August 12, at least five US states have introduced similar rules, with some even going as far as placing outright bans on crypto ATMs. In June, Spokane, Washington, became the first city in the state to outlaw the machines entirely. Operators were given 60 days to pull out more than 40 kiosks after police linked them to a surge in scams, many of which funnelled money overseas. Similarly, Grosse Pointe Farms , a small town in Michigan, which doesn’t even host any cryptocurrency ATMs, revealed plans to enforce strict mandates for ATM operators last month. Nebraska chose tighter controls instead of a ban. Its Controllable Electronic Record Fraud Prevention Act requires licensing, sets a $2,000 daily limit for new users, caps fees at 18%, and forces operators to issue refunds to scam victims who file reports within 90 days. Meanwhile, North Dakota is weighing its own version of rules, with daily limits, fraud alerts, and blockchain analytics to keep suspicious activity in check. The post Wisconsin lawmakers unveil second crypto ATM bill to curb fraud appeared first on Invezz

12 Aug 2025, 09:40

Whale ETH Movement: Massive $64.4M Unstaked Ethereum Hits Binance, What’s Next?

BitcoinWorld Whale ETH Movement: Massive $64.4M Unstaked Ethereum Hits Binance, What’s Next? A massive whale ETH movement has just sent ripples through the cryptocurrency market. In a significant development, approximately 14,942 unstaked Ethereum , valued at an astounding $64.4 million, recently found its way into Binance Exchange. This substantial ETH Binance deposit , identified across three linked wallets by blockchain analytics firm Lookonchain, immediately sparked discussions about potential Ethereum price implications and the broader impact of crypto whale activity . Unstaked Ethereum: What’s Behind the Big Move? According to data from Lookonchain, three distinct wallets, believed to be under the control of a single large investor or “whale cluster,” initiated this notable transfer. They first unstaked their substantial Ethereum holdings. Following this, the entirety of the 14,942 ETH, amounting to roughly $64.38 million, was swiftly deposited onto Binance Exchange. Unstaking Ethereum involves moving previously locked ETH, often from staking protocols, back into a liquid state. This action makes the assets readily available for trading, transferring, or selling. When such a large quantity of unstaked Ethereum enters an exchange, market participants often interpret it as a signal of intent to sell. Decoding the ETH Binance Deposit: Is a Sell-Off Imminent? The immediate question on everyone’s mind is: does this massive ETH Binance deposit indicate an impending sell-off? Historically, large deposits to centralized exchanges like Binance are often precursors to selling activity. Whales might be looking to offload a portion of their holdings, potentially taking profits or rebalancing their portfolios. However, it is crucial to remember that a deposit does not automatically equate to a sale. There are several reasons why a whale might move significant funds to an exchange: Liquidity Management: They might be preparing for a large purchase of another asset. Derivatives Trading: The ETH could be used as collateral for futures or options trading. Arbitrage Opportunities: Moving funds to capitalize on price differences across exchanges. Consolidation: Simplifying their holdings by moving them to a single platform. Therefore, while the market typically reacts cautiously to such moves, a definitive conclusion about selling intent cannot be drawn solely from the deposit itself. Understanding Crypto Whale Activity and its Market Influence Crypto whale activity refers to the actions of individuals or entities holding vast amounts of cryptocurrency. Due to their sheer volume of assets, their moves can significantly influence market dynamics. When a whale makes a large transaction, it often grabs headlines and can lead to: Increased Volatility: Sudden buying or selling pressure can cause rapid price swings. Sentiment Shifts: Other investors often try to front-run or follow whale movements, impacting overall market sentiment. Liquidity Impact: Large orders can absorb significant liquidity, affecting order books. Monitoring these large movements provides valuable, though not always conclusive, insights into potential market shifts. This particular whale ETH movement is no exception, drawing close attention from traders and analysts alike. What are the Potential Ethereum Price Implications? The immediate Ethereum price implications of this deposit are a subject of intense speculation. If the whale indeed intends to sell a substantial portion of the 14,942 ETH, it could introduce significant selling pressure, potentially leading to a short-term price dip for Ethereum. The sheer volume of $64.4 million is considerable enough to impact market liquidity, especially during periods of lower trading volume. Conversely, if the ETH is moved for reasons other than selling, such as using it for DeFi protocols, staking, or OTC (over-the-counter) deals not visible on public exchanges, the market impact might be minimal or even positive if it signals further engagement with the ecosystem. Investors should watch for subsequent transactions from these wallets or the price action on Binance. Navigating the Signals: What Should Investors Consider? For investors, understanding such large transfers is key to navigating the volatile crypto landscape. While a whale ETH movement can be a bearish signal, it is essential to consider the broader market context. Look at: Overall Market Trends: Is the general market sentiment bullish or bearish? On-Chain Data: Are other large holders also moving funds? News and Developments: Are there any fundamental reasons for a whale to act? In this case, the significant unstaked Ethereum deposit to Binance serves as a powerful reminder of the influence of large holders and the need for a nuanced understanding of on-chain data. It underscores the importance of not reacting impulsively to single data points. In conclusion, the substantial ETH Binance deposit of $64.4 million from an apparent whale cluster has certainly caught the market’s attention. While such movements often hint at potential selling pressure, the true Ethereum price implications remain to be seen. As the crypto market continues to evolve, keeping a close eye on crypto whale activity provides crucial insights, but always remember to combine these signals with a broader market analysis. The coming days will reveal the true intentions behind this significant whale ETH movement . Frequently Asked Questions (FAQs) Q1: What does it mean when a whale unstakes ETH? A: Unstaking ETH means a large holder has moved their previously locked Ethereum (often from staking protocols) back into a liquid state, making it available for immediate trading or transfer. Q2: Why is an ETH deposit to Binance considered significant? A: Large deposits to centralized exchanges like Binance are often interpreted as a potential signal that the holder intends to sell, as exchanges are the primary venues for converting crypto to fiat or other cryptocurrencies. Q3: Do all large exchange deposits necessarily lead to selling? A: No, not all deposits result in sales. Whales might deposit funds for various reasons, including liquidity management, derivatives trading, arbitrage, or consolidating holdings. Q4: How can crypto whale activity affect market prices? A: Due to the large volume of their holdings, crypto whales can significantly influence market dynamics. Their large transactions can lead to increased volatility, shifts in market sentiment, and impacts on liquidity. Q5: What should investors consider when observing such large ETH movements? A: Investors should consider the broader market context, other on-chain data, and relevant news. It is crucial not to react impulsively to a single data point but rather to combine it with a comprehensive market analysis. If you found this analysis insightful, please share this article with your network on social media! Your shares help us bring crucial crypto market insights to more readers. To learn more about the latest Ethereum market trends, explore our article on key developments shaping Ethereum price action. This post Whale ETH Movement: Massive $64.4M Unstaked Ethereum Hits Binance, What’s Next? first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 09:37

Shiba Inu Top Developer Breaks Silence on LEASH Supply Boom

Concerns around centralization are back in Shiba Inu ecosystem with LEASH supply adjustment

12 Aug 2025, 09:35

Binance Alpha OVL: Exciting New Horizons for Early-Stage Crypto

BitcoinWorld Binance Alpha OVL: Exciting New Horizons for Early-Stage Crypto The cryptocurrency world constantly evolves, bringing forth innovative platforms and projects. A significant development recently emerged from Binance: Binance Alpha OVL , the dedicated platform for promising early-stage crypto projects within the Binance Wallet, has officially added Overlay Protocol (OVL) to its roster. This move signals a new phase for on-chain trading and highlights Binance’s commitment to fostering nascent digital assets. What is Binance Alpha and Why Does it Matter for Overlay Protocol ? Binance Alpha serves as a crucial gateway for groundbreaking, early-stage crypto projects. It is an integral part of the Binance Wallet ecosystem, designed to provide users with direct access to on-chain trading opportunities. By integrating directly with both the Binance Wallet and the broader Binance Exchange, Binance Alpha bridges the gap between innovative new protocols and a vast user base. Early Access: Users gain the ability to interact with promising projects before they hit mainstream markets. On-Chain Trading: The platform facilitates direct transactions on the blockchain, enhancing transparency and user control. Binance Integration: Seamless connection with the Binance Wallet offers a familiar and secure environment for participants. The addition of Overlay Protocol (OVL) to this exclusive platform is a testament to its perceived potential. It indicates that OVL has met certain criteria for innovation and utility, positioning it for greater visibility within the crypto community. Understanding Overlay Protocol and Its Role in Binance Early-Stage Crypto Overlay Protocol (OVL) is now part of the select group of projects featured on Binance Alpha. While specific details about OVL’s functionality are best found directly from its official sources, its inclusion on Binance Alpha suggests it aims to offer novel solutions within the decentralized finance (DeFi) or broader blockchain space. Early-stage crypto projects often push boundaries, introducing new concepts for trading, governance, or data management. Binance Alpha’s focus on these emerging assets provides a unique environment. It allows users to engage with projects like OVL at an initial phase, potentially participating in their growth journey. This strategy aligns with Binance’s vision of supporting the entire lifecycle of crypto innovation, from inception to wider adoption. The Power of On-Chain Trading with Binance Alpha The core functionality of Binance Alpha revolves around on-chain trading. This means transactions occur directly on the blockchain, rather than through an off-chain order book managed by an exchange. This approach offers several benefits for users engaging with projects like Overlay Protocol: Transparency: All transactions are verifiable on the blockchain. Control: Users maintain direct control over their assets within their Binance Wallet. Decentralization: It aligns with the ethos of decentralized finance by reducing reliance on centralized intermediaries for specific trading activities. This method of trading is crucial for early-stage projects, as it allows for direct interaction with their underlying smart contracts and mechanisms. It empowers users to explore new DeFi primitives and innovative financial instruments that these protocols might offer. Future Outlook and Navigating the Binance Wallet Integration While the addition of OVL to Binance Alpha is a significant step, it is important to understand the future possibilities. Binance has stated that while OVL may be listed on Binance spot and perpetual futures markets in the future, this is not guaranteed. This nuance is critical for anyone considering engaging with Overlay Protocol. Investing in early-stage crypto projects inherently carries higher risks. Market volatility, technological challenges, and regulatory uncertainties are common. Therefore, thorough due diligence is essential. Users should research OVL independently, understand its whitepaper, team, and community, and assess their own risk tolerance before participating. The seamless integration with the Binance Wallet simplifies access, but it does not diminish the need for caution. The ease of access through a familiar platform like Binance Alpha makes it convenient for users to explore new opportunities, but it also necessitates a disciplined approach to investment decisions. In conclusion, the addition of Overlay Protocol (OVL) to Binance Alpha marks an exciting development for early-stage crypto and on-chain trading enthusiasts. It reinforces Binance’s role as a key player in nurturing blockchain innovation. While it opens doors to new possibilities, users must approach these opportunities with informed decisions and a clear understanding of the associated risks. The journey of an early-stage project is often dynamic and unpredictable, making diligent research your most valuable asset. Frequently Asked Questions (FAQs) What is Binance Alpha? Binance Alpha is a platform within the Binance Wallet that focuses on listing and enabling on-chain trading for early-stage cryptocurrency projects, providing users with early access to innovative digital assets. What is Overlay Protocol (OVL)? Overlay Protocol (OVL) is an early-stage crypto project that Binance Alpha recently added. Its specific functionalities are detailed by the project itself, but its inclusion on Binance Alpha indicates it’s a promising new protocol in the blockchain space. Does adding OVL to Binance Alpha mean it will be listed on Binance Spot or Futures? No, the announcement from Binance explicitly states that while OVL may be listed on Binance spot and perpetual futures markets in the future, this is not guaranteed. Its addition to Binance Alpha is a separate development. What are the benefits of on-chain trading on Binance Alpha? On-chain trading offers greater transparency, as all transactions are recorded on the blockchain. It also gives users more direct control over their assets within their Binance Wallet, aligning with decentralized principles. Is investing in early-stage crypto projects like OVL risky? Yes, investing in early-stage crypto projects carries inherent risks due to market volatility, technological uncertainties, and the nascent nature of the projects. Thorough research and understanding of risks are crucial. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread awareness about the latest developments in the Binance ecosystem and early-stage crypto projects! To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset innovation . This post Binance Alpha OVL: Exciting New Horizons for Early-Stage Crypto first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 09:34

8% of Ethereum Supply Now Sitting in ETFs or Company Reserves

The percentage of ETH held by ETFs and corporate reserves has risen from just 3% at the beginning of April.

12 Aug 2025, 09:34

Ethereum (ETH) Price Prediction: Can Bulls Push Past $5,000 on the Back of Massive ETF Inflows?

TL;DR Ethereum now ranks 22nd globally by market cap, surpassing Mastercard and Netflix in valuation. Record $1.01 billion in Ether ETF inflows signals strong institutional demand for Ethereum exposure. Whale accumulates over 312,000 ETH worth $1.34 billion from top liquidity providers within eight days. RSI above 70 and price above Bollinger Band indicate strong momentum, but overbought conditions. Sustained $4,400 breakout could trigger short squeeze, pushing Ethereum toward $4,800–$5,000 price target. Outlook and Ethereum Price Predictions Immediate resistance is near $4,344, with a stronger barrier between $4,400 and $4,450. A close above these points could open the way toward $4,800–$5,000, in line with analyst estimates. Ali has also pointed to $5,210 and $6,946 as possible longer-term targets using pricing band models. $5,210 and $6,946 are the next targets for Ethereum $ETH , according to the Pricing Bands. pic.twitter.com/hKJNn0RKYF — Ali (@ali_charts) August 12, 2025 Support is in the $4,150–$4,200 range, with further support near $3,950 if a deeper pullback occurs. Heavy ETF inflows, corporate buying, and low exchange reserves are bullish factors , but overbought readings suggest short-term caution. ETH is still 12% below its all-time high. Strong institutional buying and favorable on-chain data keep $5,000 in sight in the weeks ahead. Market Performance and 24-Hour Outlook Ethereum (ETH) was trading at $4,300 at press time, with 24-hour trading volume of $39.2 billion. The price is up 0.03% in the past day and 17% over the past week. In the last 24 hours, ETH traded between $4,170 and $4,347. Over the week, the range was $3,560 to $4,330. ETH is currently about 12% below its all-time high of $4,878 from November 10, 2021. Recent trading sessions have been marked by strong volume and large inflows into spot Ether exchange-traded funds (ETFs). Monday recorded $1.01 billion in net inflows to these funds, the highest on record. BlackRock’s iShares Ethereum Trust ETF (ETHA) took in $640 million, and Fidelity’s Ethereum Fund (FETH) added $277 million. Moreover, Ethereum now ranks 22nd among the world’s largest assets by market capitalization, ahead of Mastercard and Netflix. Reflecting its expanding role both in crypto and among traditional global assets, market analyst Rand noted, “$ETH just surpassed Mastercard and Netflix on MarketCap valuation, taking the Global 22nd rank position.” GM guys! $ETH just surpassed Mastercard and Netflix on MarketCap valuation, taking the Global 22nd rank position pic.twitter.com/p4bKLy4Ncb — Rand (@crypto_rand) August 12, 2025 Technical Analysis On the daily chart, ETH trades above the upper Bollinger Band, which sits near $4,344. This position often points to strong bullish momentum but can also mean overbought conditions. The bands are wider than earlier in the year, showing higher market volatility. Source: TradingView Meanwhile, the 14-period Relative Strength Index (RSI) stands at 73. Readings above 70 can indicate overbought conditions. The RSI has held above 50 since mid-July, showing sustained buying strength. Analyst ZYN noted , “This RSI trendline has perfectly marked ETH tops… I think $ETH local top could happen around $4.8K-$5K this time.” Open interest in ETH derivatives is at $10 billion on Binance, up 46% in 30 days. Short positions have jumped 500% year-on-year and 40% in the past week. Crypto Patel observed that a move above $4,400 could “trigger a short squeeze,” which may drive prices sharply higher. Ethereum Could Be Headed for a Big Squeeze $ETH back at $4,300, just 12% from ATH. Binance ETH Open Interest → $10B (+46% in 30d) Short positions up 500% YoY, +40% this week. 30% of supply staked. Exchange reserves near record lows. ETF inflows > $117B. Whales adding… pic.twitter.com/0nDzVfkVxW — Crypto Patel (@CryptoPatel) August 11, 2025 On-Chain and Market Data Wallet activity shows large-scale accumulation. Lookonchain reported one entity created 10 new wallets in eight days, buying 312,052 ETH worth about $1.34 billion from major providers such as FalconX, Galaxy Digital, and BitGo. Around 30% of the ETH supply is staked, while exchange reserves are near historic lows. Long-Term Holder Net Unrealized Profit/Loss (NUPL) data from April showed most holders in a loss when ETH was near $1,800. By late July, with ETH over $3,000, the NUPL moved into the “belief” zone, meaning most holders are now in profit. Source: Ali Martinez/X Corporate buying is also strong. BitMine Immersion (BMNR) disclosed holdings of more than 1.15 million ETH, valued at $4.9 billion, making it the largest corporate ETH holder. This is an increase of 317,000 ETH in one week. ETF demand remains a key factor. Ether ETFs have drawn more inflows than Bitcoin ETFs, with some analysts saying these products were initially underestimated. Nate Geraci commented, “Feel like spot eth ETFs were severely underestimated simply [because] tradfi investors didn’t understand eth,” adding that institutions now view Ethereum as the “backbone of future financial markets.” Broader Market Context Market sentiment is influenced by expectations of interest rate cuts, looser liquidity rules, and possible inflows from retirement accounts and institutional funds. Commentator Ted pointed to factors including pro-crypto laws, ETF expansion, bank capital changes, and large cash reserves in money markets that could enter the market. Altcoin market value is approaching a resistance level that led to a 50% drop in late 2024. Ether Wizz said conditions now differ, with more liquidity and stronger momentum in Ethereum and other altcoins, which could support a breakout. Altcoin MCap has reached a major resistance zone. In Q4 2024, Altcoin MCap got rejected from this level which resulted in a 50% crash. But this time, the dynamics are different. $ETH and alts are showing incredible strength, and new liquidity is entering the market. I guess a… pic.twitter.com/3irVGYFWAz — Ether Wizz (@EtherWizz_) August 11, 2025 Do ETH Price Predictions Make Sense? Ethereum price forecasts outline potential future ranges using market trends, technical signals, and blockchain data. They are not assured outcomes. In fact, the market can change quickly due to global economic shifts, policy moves, or changes in investor behavior. A move to $5K is possible if current momentum holds. Chart patterns, past RSI readings, and moving averages can provide guidance, but they are most effective when combined with on-chain metrics and trading flow data. No single measure can guarantee results. How Are Ethereum Price Predictions Made? Forecasts often combine three main approaches. Technical analysis examines charts, moving averages, and indicators like RSI to find likely support and resistance levels. On-chain analysis reviews wallet movements, staking figures, and exchange balances to see how participants are positioning. Macro analysis considers interest rates, liquidity levels, and institutional adoption. By combining these, analysts can form a scenario for likely price direction and key levels to watch. The post Ethereum (ETH) Price Prediction: Can Bulls Push Past $5,000 on the Back of Massive ETF Inflows? appeared first on CryptoPotato .