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Following Fall of FTX & Silvergate, The Crypto Market Needs Sensible Regulation

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2 years ago

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The FTX collapse guarantees that crypto regulation will be on the US legislative agenda for 2023 — at long last. In total, six bills were introduced in 2022, focusing on a mix of aspects connected to the crypto industry for investor protection or compliance. 

As the SEC and the CFTC are jockeying for positions, the number of voices in the room is going to increase. Some don’t want any sort of regulation to exist, but others people in the industry and anti-crypto lawmakers think regulating crypto will legitimize its existence. 

The time is right for crypto custody and all other types of platforms to be supervised with certain regulations. The US has the strongest financial market in the world, and that is due in large part to regulation. Regulation will make crypto markets stronger.

No regulatory regime administering traditional finance is created in one fell swoop. Along with the system, the regime also evolves to become better, inclusive, and stronger according to the needs. Disasters like FTX become a teaching lesson for the rulemakers to improve the regulatory system. 

The digital asset industry is still in its infancy, but problems like FTX are familiar. There have been previous such events at QuadrigaCX and at Mt. Gox. To prevent these types of massive losses that also deteriorate the market trust, regulatory oversight must begin. Here are five modest, sensible steps that could be taken now that don’t even require much crypto knowledge.

  • Stablecoin Reserves

As stablecoins are intended to be less volatile, they play an important role in the digital asset ecosystem. Moreover, they are more practical for everyday transactions. However, these stablecoins have not always been so stable.

These stablecoins are intended to be exchangeable for the underlying asset at a 1:1 ratio. However, stablecoin issuers are not required by law to maintain reserves that are equivalent to the available supply. There is a chance that holders will rush to redeem their coins when a stablecoin loses its peg, creating a situation that resembles a bank run.

That’s exactly what happened with TerraUSD in May of 2022. Recently, the US SEC has found another strong point of concern against the platform, making the former stronger. It relied on trading based on a mint and burn algorithm linked to the supply of LUNA, a cryptocurrency issued by Terra. Ironically, Sam Bankman-Fried is now under investigation for manipulating the market for TerraUSD, whose collapse touched off the industry crisis that ultimately exposed his other misdeeds at FTX.

Yet, none of that is necessary to know in order to determine whether a stablecoin is backed by a dollar. The quantity of circulating stablecoins is equal to the number of dollars in reserve. Stablecoin issuers should be required to keep 1:1 reserves at FDIC-insured banks.

The birth of FDIC insurance came after the bank failures during the early 1800s. Quarterly audits of reserves and real-time reporting on mint and burn activity should be mandatory. We also need to implement safety and soundness controls with a diversity of banks proportional to reserve size.

  • Separate Trading And Custody

Customers’ requirement to maintain their money with the exchange under the current market structure is fundamentally wrong. It is not necessary to be an expert in cryptography to understand why that is a bad idea. Imagine that the Nasdaq asked the SEC to serve as its own custodian, is it possible?

The issue with counterparty risk persists even after being entirely honest. Many of these crypto custody platforms and exchanges also engage in different kinds of lending. They engage in market-making and arbitrage. As they continue to trade and hedge on other exchanges, identifying the counterparty risk on the exchange is impossible. The reason being it’s the sum of the exchange’s risk plus the risk of whatever other markets they’re participating in that plays an important role in risk assessment. 

If there’s anything one should learn from the FTX collapse, it’s that assets should be stored until required for trading by external, qualified, regulated, and insured custodians. This creates a check-and-balance for verifying reserve assets under any exchange’s control.

The public may have learned sooner that FTX was in a crisis in a fractional reserve position if trading and custody had been kept separate. After the bankruptcy, it would have been simpler to stop asset theft and hacking.

  • Require Digital Asset Exchanges To Be 100% Digital

Discontinuing direct trading of digital assets with fiat or off-chain assets will make all exchanges on-chain auditable. As a result, it will enable Proof-of-Reserves that actually work. At present, Proof of Reserves does bring some level of transparency, but they are not a foolproof solution for separating who’s solvent and who’s not, for two reasons.

  1. No one can practice it for reserves on fiat because they cannot be represented in a digital way. 
  2. It’s not possible to give proof of non-liabilities, which is really the thing that matters most. FTX combined fiat, and digital reserve components and their liabilities far outstripped their reserves. 

With pure digital exchanges representing fiat digitally as a regulated stablecoin, Proof of Reserves for everything can become a reality. The last thing to be solved is the liabilities component. 

A reasonably solid and effective system with compliance can be built by fixing settlement and clearing to be entirely digital. Exchanges are currently attempting to establish a business in a hybrid world because they have no other option. So, as a transition, it is preferable to package fiat and securities in digital form. The ability to work in a digital environment will be significantly improved after the archaic wrappers have been removed.

  • Regulate Digital Asset Exchanges’ Use Of Omnibus Wallets

In an omnibus wallet, the funds of multiple clients are stored under a single address. The benefit is that it makes key management easier for the custodian and also makes it easier to enable efficient off-chain transactions.

However, one of the main limitations is that individual customers no longer have visibility into the transactions. Neither do they have any information on the counterparty risk. It’s also unclear what happens to each customer’s funds in the event of bankruptcy.

Omnibus wallets are only acceptable when the qualified crypto custody platform is aware of each of the exchange’s clients in the omnibus pool and assets are segregated in such a way as to provide bankruptcy protection to each client. The custodian must also participate in AML/KYC compliance of exchange clients.

  • Define Securities For The Digital Era

The SEC is still using an ancient definition of securities which was developed in the 1940s. The result is it leads to underpinning their enforcement efforts. Builders in crypto have honest questions about how the rule applies to them, and they deserve answers.

Can the SEC not update their definition and upgrade the meaning of securities while taking into account the crypto era? How hard would it be for the SEC to provide an updated definition, detailed guidance, and sensible grandfathering policies? Having that clarity would go a long way toward providing protection to innovators and investors alike.

They should listen more to Commissioner @HesterPeirce, who has an open opinion that the agency should not be leading with enforcement. Enforcement is clearly in their purview, but there’s an opportunity to make the enforcement load a lot lighter by providing appropriate guidance, to begin with.

What occurred at FTX was a common form of financial fraud that has been practiced for ages. The sole connection between cryptocurrency and blockchain technology is that a lack of regulation created a level playing field for dishonest players.

Conclusion

At present, the crypto community understands SEC’s Custody Rule. These rules are meant to safeguard the crypto industry. As per this rule, the crypto custody and other types of platforms are required to separate custody from trading. This move is hailed as a positive aspect of the crypto industry. 

The crypto industry is in dire need of regulatory administration aimed at preventing catastrophic investor losses. Designers and builders are more than capable of architecting a better system to meet the requirements of regulators. Once people can’t be rug pulled or defrauded, the next discussion will be about more nuanced issues and building something more comprehensive.

It will take a collective effort to get through this phase. FTX isn’t the first exchange to run into trouble; it’s just the biggest. It is easy to compartmentalize it as one guy who was a charlatan and go back to business as usual. However, doing so will be like setting the industry up for the next failure. To come out stronger and better, it is essential to use this opportunity to take a few simple steps in the direction to lead the industry into a new direction in order to thrive.

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Press Release

Unstaked Dominates 2025 Crypto Buzz With $1M Giveaway, As Pi Struggles and Solana Climbs

Published

20 hours ago

on

June 23, 2025

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As the crypto market enters mid-year momentum, the gap between rising and falling projects is widening. Solana (SOL) is making strong moves toward a potential $300 billion market cap, backed by positive technical signals and institutional interest. On the other hand, Pi Network faces ongoing price declines with little sign of recovery. Meanwhile, Unstaked (UNSD), a new AI-powered project, is grabbing attention.

It offers a unique Proof of Intelligence framework and gamified governance model. Adding to its growing buzz is a $1 million giveaway that is rapidly building a vibrant community. With sentiment shifting, Unstaked (UNSD) is becoming one of the most exciting crypto coins to watch in 2025. Its AI agents will go live once the presale ends and the project officially launches.

Solana Eyes $300B Market Cap Target

Solana (SOL) is regaining strong technical momentum after what experts call a “clean liquidity sweep” on the weekly chart, where price dipped below prior lows before sharply bouncing, a classic bullish signal. Now hovering above a key demand zone, SOL is positioned to retest its previous highs, with analysts eyeing the significant $300 psychological mark as the next target. 

Beyond technicals, Solana’s lightning-fast transaction speeds, thriving developer ecosystem, and expanding presence in decentralised applications continue to attract buyer confidence. While short-term traders pursue quick profits, long-term buyers remain focused on the broader market structure. Amid Bitcoin’s ongoing volatility, Solana emerges as a leading bullish contender for 2025.

Pi Network Nears Critical Support Zones

While Solana advances, Pi Network continues to struggle, marking its sixth consecutive day of losses. Currently trading at $0.61, down from $0.66 earlier this week, PI is nearing critical support levels at $0.58 and $0.54. The technical outlook remains bleak, with an oversold RSI at 19.59 and a deep Williams %R of -94.213, both reflecting intense selling pressure. 

Additional indicators, including the MACD and ADX, confirm the ongoing bearish trend, with 10, 50, and 100-day moving averages pointing to further downside. Pi’s delayed mainnet rollout is eroding buyer confidence, and without a clear catalyst, further declines are likely before any meaningful recovery occurs.

Unstaked’s $1M Giveaway Attracts Massive Buyer Interest

In contrast to Pi’s troubles, Unstaked is gaining strong momentum as one of the best crypto presales of 2025. Built on a unique Proof of Intelligence framework, Unstaked brings AI into its governance and protocol design. Rather than relying on fixed code, the platform adapts and evolves based on community input and real-time data. This decentralised AI system powers three standout features: intelligent governance, real-time network optimisation, and a highly participatory development cycle. The project also has no private allocations, ensuring fairness for all public buyers.

As of now, Unstaked has raised over $10.4 million in presale funds, with more than 1.1 billion coins sold. The current coin price is $0.011739 in Stage 21. The listing target is $0.1819, offering early buyers a potential 27x return. What’s driving even more buzz is Unstaked’s $1 million giveaway. Twenty winners will each receive $50,000 in $UNSD tokens. To join, participants simply complete small tasks, invite friends, share on social media, and buy at least $100. 

The giveaway runs for five months, perfectly timed with the project’s growth and launch. Unstaked’s AI agents will officially go live after the presale ends and the project launches. With new wallets growing daily, high visibility across platforms, and praise from analysts calling it a “smart sleeper,” Unstaked is quickly becoming one of 2025’s most talked-about crypto coins.

Wrap Up! 

The gap between top-performing crypto projects and those losing relevance has never been clearer. Solana (SOL), with its strong technical setup and growing institutional backing, is firmly securing its position as a leading Layer 1 blockchain. Meanwhile, Pi Network remains weighed down by stalled development and persistent bearish trends.

The real breakout of 2025, however, could be Unstaked. Built on an AI-first Proof of Intelligence model, Unstaked is redefining what a presale can deliver. With over $10.4 million raised, no private allocations, and an exciting $1 million community giveaway, Unstaked is gaining momentum. Its clear roadmap and AI-powered growth make it a standout in today’s innovation-driven market.

Join Unstaked Now:

Presale: https://presale.unstaked.com/

Website: https://unstaked.com/

Telegram: https://t.me/UnstakedTokenOfficial

X: https://x.com/unstaked_

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Press Release

Top Crypto Coins for 2025: BlockDAG, Ethereum, Solana, and Cardano Gaining Momentum

Published

2 days ago

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June 22, 2025

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Have you ever picked the wrong coin and watched others rise while your portfolio stalled? Maybe it was bad timing or hesitation. Missed chances can add up fast. But it doesn’t have to stay that way.

There are still solid projects in the market that could offer a new direction. This list of top crypto coins highlights those with strong signs of progress and potential.

From BlockDAG and Ethereum (ETH) to Solana (SOL) and Cardano (ADA), each project is gaining momentum. Read on to explore what might fit your next move.

1. BlockDAG: Gaining Traction With Real-World Features

BlockDAG is becoming one of the top crypto coins for 2025. It uses a mix of DAG and Proof of Work to deliver up to 15,000 transactions per second. Its support for Ethereum tools makes it easier for developers to build or migrate apps.

So far, over 23 billion coins have been sold and $314 million raised. Its X1 mobile mining app already has more than 2 million users. A no-code dApp builder is also helping attract a wider range of users.

Community tools like Buyer Battles and a 25% referral feature are boosting activity. BlockDAG (BDAG) has confirmed 20 exchange listings, and a US sponsorship is on the way.

At the current price of $0.0020 and with a launch price of $0.05, many are watching closely. Some believe it could reach $1 in the next bull market. That’s why it’s one of the top crypto coins to follow in 2025.

2. Ethereum: Driving DeFi, NFTs, and Metaverse Growth

Next on the list of top crypto coins is Ethereum (ETH), often seen as the core network for decentralized apps and smart contracts. The Ethereum 2.0 upgrade has made a big impact, pushing speeds past 100,000 transactions per second through sharding and Layer 2 rollups. This has made Ethereum more cost-effective and faster for users.

The approval of Ethereum spot ETFs in 2024 brought strong attention from large institutions, increasing market liquidity and trust. ETH is currently trading near $2,500.

Although short-term swings continue, many forecasts point to a range between $3,500 and $4,000 by the end of 2025. With its major role in DeFi, NFTs, gaming, and metaverse apps, Ethereum stays in focus for long-term growth.

3. Solana: Speed and Scale Powering Web3 Projects

Solana (SOL) is gaining recognition for its fast and scalable network. It can process over 2,500 transactions per second during busy times, thanks to its blend of Proof of Stake and Proof of History, which keeps the network steady and efficient.

As more Web3 apps in gaming, NFTs, and DeFi turn to Solana, its influence continues to grow. With the price currently near $145, some analysts see a move toward $173 in the near term. Because of its strong performance, low transaction costs, and active ecosystem, Solana remains one of the top crypto coins to consider in 2025.

4. Cardano: Eco-Friendly and Built for Long-Term Use

The final entry among the top crypto coins is Cardano (ADA), known for its science-driven design and focus on long-term stability. Its recent Hydra Layer 2 rollout has greatly improved speed and overall network function. Cardano is also expanding into practical uses, with new partnerships in digital identity and supply chain systems. ADA is trading close to $0.60 at the moment.

Although some market signs are still unclear, many expect ADA to reach $0.79 or even close to $1 as interest grows. With a low-energy setup and growing real-world use, Cardano shows strong signs of long-term growth.

Key Projects to Watch in the Coming Cycle

In summary, the crypto market still offers meaningful chances for those ready to act. Ethereum, Solana, and Cardano continue to prove their value among the top crypto coins, with strong use cases and growing demand.

But BlockDAG is standing out in 2025. Forecasts suggest it could reach $1 in the next bull run, offering major growth from where it sits now. If you are looking for what comes next, these are the top crypto coins to follow closely this year.

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Press Release

Over 2 Million Miners & Counting: How BlockDAG’s X1 App Drives Early Network Growth

Published

3 days ago

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June 21, 2025

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Instead of following the usual approach of pushing hype and whitepapers before going live, BlockDAG (BDAG) started by building tools and attracting real users. Leading this strategy is the X1 Miner App, a mobile mining platform that now boasts over 2 million users across the globe. This makes it one of the most widely used crypto apps of 2025, even though BDAG, the project’s coin, hasn’t been listed yet.

This early success isn’t accidental. It reflects a rollout plan that’s designed to let everyday users participate in the network before launch. That decision is helping BlockDAG become a strong contender in decentralized infrastructure.

How the X1 App Makes Crypto Mining Accessible

The X1 Miner App is proving to be both simple and powerful. Built on a Proof-of-Engagement system, it lets users mine up to 20 BDAG per day just by interacting with the app. No need for costly equipment or high energy use.

Weighing only 50MB and available on both iOS and Android, the app brings mining to anyone with a smartphone. It includes daily activity boosts, clear user ranking, and community events that make mining feel more interactive and rewarding. The model is straightforward: users support the network through regular engagement and get rewarded in return.

This strategy has worked. With 2 million miners already participating and the special presale price of $0.0018 per BDAG coin available through June 20, users have a chance to turn their mining points into one of the most talked-about coins of the year.

Beyond Mobile: BlockDAG’s Expanding Mining Infrastructure

While mobile mining is the entry point, BlockDAG is building something much bigger. The platform combines DAG-based speed with PoW security, processing 2,000 to 15,000 transactions per second. Unlike most Layer 1s still setting up validators, BlockDAG has already sold over 18,000 ASIC miners and launched a live testnet.

The broader mining setup includes:

  • X10, X30, and X100 ASIC rigs for advanced miners.
  • Community-managed mining pools are set to go live before the mainnet.
  • Direct integration with new dApps created via BlockDAG’s no-code builder.

Each miner strengthens the network’s hash power. Because mining started before public trading, users are gaining early exposure and contributing to security well in advance of the full mainnet launch.

Presale Metrics Point to Strong Launch Potential

BlockDAG’s momentum is supported by solid presale figures:

  • 22.9 billion BDAG coins already sold.
  • $312.5 million raised to date.
  • Listing price locked at $0.05, while the special $0.0018 offer runs through June 20.
  • Estimated ROI of 2,660% from Stage 1 to Batch 29 pricing.
  • Listings confirmed on 20+ exchanges, including five top-tier platforms.

It’s uncommon to see a Layer 1 project with this much liquidity, user activity, and mining infrastructure ready before it even launches. It’s even more unusual for a project to achieve this level of community engagement before the coin goes live.

Why BlockDAG’s Mining Model Suggests Long-Term Growth

BlockDAG is shifting the standard launch formula. Instead of building a network after launch, it’s distributing mining access now, giving early participants a real stake in its future. This has created a large, active user base well ahead of the launch, offering a different kind of value proposition.

With the six-week launch countdown approaching soon, BlockDAG plans to activate staking features, enable dApp deployment, and release DeFi tools. Early miners will be in a position to use their BDAG holdings before public trading begins, offering a potential edge once listings go live.

Rather than asking people to wait for the utility, BlockDAG is already delivering it. With over 2 million mobile miners onboard, it may already be building the most decentralized Layer 1 mining network in the crypto space.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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