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Coinbase faces an research of the SEC on the historical metrics of the users: Report

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  • The shares fall 6% after a report on a federal investigation.
  • The regulatory scrutiny occurs when Coinbase fights with the sequels of a rape of revealed cybersecurity earlier in the day.
  • According to reports, computer pirates stole customer data and demand a rescue of 20 million dollars.

    • Coinbase confirmed Thursday that the US stock and values ​​commission. UU. It is investigating whether the company exaggerated the number of users in previous disseminations.

    The development, first reported by The New York Times, contributed to a fall of around 6% in Coinbase actions during the session.

    The research focuses on Coinbase reports on “verified users”, a metric that the company has cited in promotional presentations and materials for a total of more than 100 million.

    According to the report, the investigation originated during the Biden administration and has continued under the current SEC, which has adopted a comparatively more complacent position towards the cryptocurrency industry.

    “This is a retention investigation of the previous administration on a metric that we stopped informing two and a half years ago, which was completely disclosed to the public,” said Paul Grewal, legal director of Coinbase, in a statement to CNBC.

    He added that the number of verified users includes anyone who has completed an email verification or telephone number, which could have led to an overestimation of unique customers.

    Grewal also emphasized that Coinbase now focuses on a different dissemination: users who make monthly transactions, a figure that the company considers a more relevant indicator of the platform activity.

    “While we firmly believe that this research should not continue, we remain committed to working with the S to close this matter,” he added.

    Cybert

    The regulatory scrutiny occurs when Coinbase fights with the sequels of a rape of revealed cybersecurity earlier in the day. According to reports, computer pirates stole customer data and demand a rescue of 20 million dollars. Coinbase estimates that the incident could cost the company to USD 400 million.

    The moment aggravates an already volatile period for the company. Coinbase recently announced its inclusion in the S&P 500 index, starting next week, and revealed plans to acquire the Cryptoderivated Deribit platform as part of its global expansion strategy.

    Speaking in a profit call last week, CEO Brian Armstrong said his goal is to make coinbase “the application of financial services number 1 in the world” within the next five to 10 years. Coinbase is currently operating the largest cryptocurrency in the United States.

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    PI Network faces a 25% price drop while the tokens unlock avalanche continues

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  • The volume of operations in 24 hours is triggered at USD 1.63 billion.
  • A transaction moved 90 million tokens pi.
  • The announcement of the central team is expected for May 14.

    • Pi Network (PI) has lost a quarter of its value in a single day, going back from USD 1.40 maximums to around USD 1.10 after new 8 million tokens Pi in circulation were unlock.

    The fall of Token, which reversed a 100% rebound only a few hours earlier, has renewed the focus on its volatile commercial activity and the next unlock of 13 million tokens scheduled for May 15, a supply event that could add more pressure to the decline.

    The abrupt decrease began shortly after a week of intense commercial interest.

    In some exchanges, Pi rose around USD 0.70 to USD 1.29 and briefly reached a maximum of USD 1.40 before going back.

    Fountain: Coinmarketcap

    The increase registered a volume of operations in 24 hours of approximately USD 1.63 billion, driven by an important activity in the chain.

    Only a transaction involved 90 million tokens PI, indicating the growing influence of whale operations in the direction of the market in the short term.

    Tokens unlock triggers the mass sale

    The mass sale of May 11 coincided with the scheduled launch of 8 million previously blocked tokens, which added a new offer to the market.

    While tokens unlocks are routine for most cryptocurrency projects, the scale of this launch triggered an immediate reaction of traders who rushed to get rid of positions in dilution forecast.

    The next unlocking of Pi Network, on May 15, could introduce 13 million tokens PI even larger in the exchanges.

    This has raised concerns among investors about whether the foundations on the side of the platform’s demand can absorb such increases in circulating offer without greater pricing erosion.

    Some analysts point out that, unless PI central team makes a significant advertisement before or during the unlocking of May 15, the price of Pi could try support areas near USD 0.80 or even USD 0.60.

    The possibility of a massive sale in cascade has become more likely in the absence of new updates or listings of public services.

    Rumors and next update

    Despite the strong correction, the community speculation remains active around a possible price of PI in centralized exchanges.

    During the past week, rumors arose about an imminent binance price, which contributed to the increase in both price and volume. These rumors are still not verified at the time of writing this article.

    To the speculation is added an expected statement of the central team of Pi scheduled for May 14.

    No details have been revealed about the nature of this update, but the moment, only one day before the next important unlock of the Token, has led to the expectations of a product launch, an exchange association or a progress report of the main network.

    Many in the community consider the next announcement as a decisive moment.

    If promoters do not meet expectations, feeling could be further signed, increasing the probability of sustained weakness of prices during the second half of May.

    Volatility highlights price discovery

    While Pi Network’s volatility has worried some merchants, others argue that PI is still in the process of pricing, a common phase in the life cycle of emerging cryptoactives.

    During this period, large fluctuations are not unusual, since the market seeks fair value based on supply, demand and speculative interest.

    Since it began to quote on centralized platforms in December 2023, PI has lacked a completely defined range of values ​​due to restricted withdrawals and limited support of exchanges.

    As these restrictions are gradually lifted and tokens unlocks continue, the price of the asset is expected to stabilize, although short -term movements are likely to remain driven by the holders.

    That said, the next launch of 13 million tokens will be a key test for Pi Network resistance. If the project can combine this with a tangible update or exchange news, you could avoid a greater decline.

    But in the absence of such developments, traders can see deeper setbacks before a new support floor is established.

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    Dogecoin faces a USD 500 million liquidation test while the price points to a USD 0.2 recovery

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  • Ichimoku and RSI indicators do not show a bullish impulse.
  • The next few days could determine whether Doge recovers or slides towards a deeper correction.
  • Doge is behind Bitcoin and Ethereum in the midst of a broader setback from the Altcoins.

    • Dogecoin is going through a volatile phase, since its price is just above the key support levels.

    After reaching a local maximum near USD 0.2, Doge has lay down, which generates new doubts about the memecoin strength in the current market.

    While the main cryptocurrencies such as Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain the impulse.

    The asset runs the risk of erase almost all profits of the last 30 days unless you can break the critical technical barriers and absorb significant short liquidations, estimated at more than USD 500 million.

    The next few days could determine whether Doge recovers or slides towards a deeper correction.

    The USD 0.165 area is critical

    The price of Dogecoin has remained close to a key liquidation zone in USD 0.165, where the leverage of traders has accumulated above the USD 500 million. This threshold is considered a crucial point for a possible Squeeze Short.

    Fountain: Coinmarketcap

    To break up, it is possible that the price must fall below this level to trigger settlements, which could force the exit of short positions.

    Such movement could clear the way for a stronger rebound and extend the upward trend.

    This could allow the bullies to point to a return to USD 0.18 and eventually try USD 0.2.

    Technical signals are still weak

    Technically, Dogecoin’s prospects are still weak. After not being able to stay above its ascending trend line, Doge has experienced sustained bearish pressure.

    The conversion of the cloud Ichimoku is acting as strong resistance, and there are still no indications of a bullish crossing.

    Meanwhile, the stochastic RSI has been reversed after testing the average levels, which underlines the growing influence of the bearish feeling.

    Doge is expected to test the support at $ 0.162, a level below the liquidation zone of $ 0.164.

    However, not maintaining this support could deepen the fall and make traders reassess the long -term viability of memecoin.

    0.2 dollars in 2025?

    Although Dogecoin reached up to $ 0.2 earlier this year, the question now is whether it can maintain those levels or continue rising in 2025.

    For this to happen, the Token must establish a constant bullish impulse, exceed resistance levels and attract a renewed interest of investors.

    This seems like a challenge given its current technical weakness and the absence of strong bullish signals.

    Even so, market volatility could favor sudden movements in any direction. If the expected Short Squeeze occurs after trying the USD 0.162, Doge can recover towards USD 0.18 and USD 0.2.

    But unless the general conditions of the market improve and the feeling changes decisively, reaching the mark of 0.5 dollars in 2025 seems increasingly unlikely according to current data.

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    Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine.

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    • Polymarket criticized for incorrect result of “yes” in commitment to agreement of US $ 7 million between Trump and Ukraine.
    • There are complaints of governance manipulation by a UMA whale.
    • Polymarket moderators have said there will be no refunds.

    Polymarket, the world’s leading decentralized prediction market, faces a wave of criticism after the controversial resolution of a high profile.

    The market in question bet on whether US President Donald Trump would accept an agreement on rare earths with Ukraine before April.

    Despite not having evidence that such an event occurred, The market closed with a “yes” on March 25, 2025 what generated outrage among users and questioned the integrity of the platform. With a volume of operations of more than 7 million dollars, the result has fed concerns about possible manipulations and vulnerabilities of governance.

    Polymarket governance attack linked to the oracles of the UMA protocol

    The reaction focuses on the accusations of an “attack on governance” related to the use by Polymarket of the Blockchain oracles of the UMA protocol, which verify events of the real world to liquidate bets.

    The cryptographic threat researcher Vladimir S. pointed to a single “whale” of UMA who allegedly handled 5 million tokens in three accounts, which represents 25% of the total votes, to force the incorrect liquidation.

    This measure, argued on March 26, allowed the tycoon to benefit at the expense of other merchants.

    Polymarket has been committed since then to prevent such incidents, but the damage to its reputation has already taken root. However, not everyone agrees with the narrative of manipulation.

    The pseudonym user of Polymarket, Tenadome, offered a different opinion, suggesting that the fault was negligence instead of malice.

    In an March 26 publication, Tenadome said that the decision came from the usual voters of UMA – many affiliated with the protocol team – that do not quote in Polymarket. Ignoring the clarification of the market, they opted for a quick resolution to ensure rewards and avoid sanctions, he argued.

    This opposed perspective has only deepened the debate on accountability.

    Polymarket rules out reimbursements

    To increase user frustration, Polymarket moderators ruled out reimbursements. The Moderator Tanner acknowledged that the resolution challenged the expectations and the guidelines of the platform, but said it was not a “market failure” that justified compensation. This decision has left many operators feeling betrayed by a platform that is proud of their transparency.

    In response, Polymarket promised to implement new monitoring systems to address what he called an “unprecedented situation”, although the details are not yet clear.

    It should be noted that the controversy arises in the midst of a generalized boom of the prediction markets, promoted by the US presidential elections of 2024.

    Coingcko data shows that the volume of bets on the three main platforms shot 565% in the third quarter of 2024, reaching 3.1 billion dollars, compared to 463.3 million of the previous quarter.

    Polymarket, which controlled more than 99% of the market share in September, has been a key driver of this growth. However, as this incident reveals, its rapid ascent can be exposing cracks in its decentralized framework, leading to observers to wonder if more strict supervision is necessary to maintain confidence in the future of the platform.

    The Post Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine. Appeared First on coinjournal.



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