Sohrab Khawas

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Author at Coinpedia

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Articles

Binance Lists SKATE Token: Price Soars 33% Before Launch

1 day ago | coinpedia.org | Vignesh S G |Sohrab Khawas

SKATE, a new altcoin powering a multi-VM blockchain infrastructure, is making headlines after Binance officially announced its listing. The token will debut on Binance Alpha and Binance Futures on June 9, 2025—and the price is already up by over 33% in pre-market trading. Let’s break down the details behind this hot crypto launch. On June 9 at 10:00 UTC, SKATE will go live on Binance Alpha, the platform’s launchpad for early-stage tokens with strong growth potential.
Ethereum’s $2M Options Bet Fuels Hopes of Sharp Price Surge

1 day ago | coinpedia.org | Vignesh S G |Sohrab Khawas

2025 has been a rollercoaster year for Ethereum. After plunging 45.3% in Q1, ETH rebounded with a 34.9% gain this quarter, including a staggering 41.1% surge in May—the highest monthly return of the year. But June has started on a quieter note. So far, ETH is down 2.61%, and market momentum appears weak. Still, a whopping $2 million call option bet is shaking up sentiment—hinting at a potential breakout by month’s end.
Singapore Cracks Down: Crypto Firms Must Get Licensed by June 30 or Shut Down

1 day ago | coinpedia.org | Debashree Patra |Sohrab Khawas

Singapore’s MAS has enforced a strict June 30 deadline for all unlicensed crypto firms operating from its territory. The new rules target even offshore-facing firms and freelancers working from Singapore, with no transition period allowed. Compliance requires licensing, customer re-onboarding, SGD 250K capital, and adherence to FATF and tech risk standards.
Ethereum Foundation Moves Treasury to DeFi, Halts Heavy ETH Selling

2 days ago | coinpedia.org | Sohrab Khawas

Ethereum Foundation begins using DeFi protocols like Aave to earn yield and reduce token sell pressure. New policy ties spending to ETH reserves, adds transparency with quarterly reports, and supports long-term Ethereum growth. The Ethereum Foundation (EF) is tightening its spending strategy and ramping up support for DeFi as it heads into what it calls a critical 18-month period.
South Korea Elects Pro-Crypto President Lee Jae Myung-New Crypto Regulation Coming!

3 days ago | coinpedia.org | Sohrab Khawas

Lee Jae Myung wins presidency with plans to let South Korea’s $884B pension fund invest in Bitcoin and other digital assets. His agenda includes a spot Bitcoin ETF institution, a won-backed stablecoin, and a safer crypto environment for youth investors. On June 4, 2025, South Korea elected Lee Jae Myung—a known pro-crypto member of the National Assembly—as the new President, securing 49.42% of the vote.
Bitcoin Fee Shock: $2 for $1.5B Transfer – Tether's Twenty One Capital Revealed

4 days ago | coinpedia.org | Sohrab Khawas

Tether confirms $1.1B BTC transfer as pre-funding for new Bitcoin-based fund, Twenty One Capital, backed by SoftBank and Bitfinex. Over $4B in BTC moved in 48 hours; fund aims to use Bitcoin as a base asset for expansion into equities and debt markets. A massive Bitcoin transfer earlier today turned heads across the crypto space. But what looked like an unexplained move is now part of a much bigger story.
HYPE Price Surges to All-Time High of $39.83 Amid Whale Buying

1 week ago | coinpedia.org | Sohrab Khawas

HYPE token soars to a record $39.83 amid whale buying, with open interest topping $1.3 billion and weekly volume hitting $78.7 billion. Trader 0x15b3 turns $2.95 M into $29.76 M on Hyperliquid during the April crash; platform’s total volume exceeds $1.15 trillion. Hyperliquid has quickly emerged as a key player in the decentralized finance (DeFi) space, becoming the top platform for perpetual trading.
GameStop Buys $512M in Bitcoin, Joins Crypto Elite

1 week ago | coinpedia.org | Sohrab Khawas

GameStop invests $512 million in Bitcoin, acquiring 4,710 BTC using funds raised through $1.5B in zero-interest convertible notes. The move positions GameStop among top corporate Bitcoin holders, signaling a strategic shift beyond gaming into digital assets. GameStop has officially entered the Bitcoin game with a splash, acquiring 4,710 BTC in its first-ever crypto purchase.
Crypto Market Today: Nvidia Earnings and Fed Minutes Could Shift Bitcoin Price

1 week ago | coinpedia.org | Sohrab Khawas

Bitcoin holds above $108K amid profit-taking as traders await Nvidia earnings and Fed minutes for clues on the next crypto market move. XRPFi ecosystem growth boosts XRP, while Solana eyes a breakout to $220 if $180 resistance turns to support. The crypto market is entering a decisive week, with Bitcoin testing key support levels and traders closely monitoring Nvidia’s earnings and the Federal Reserve’s meeting minutes for potential catalysts.
El Salvador Buys More Bitcoin Despite IMF Pressure to Pause

1 week ago | coinpedia.org | Sohrab Khawas

El Salvador has added eight more bitcoins to its holdings, defying the IMF’s push to halt government crypto purchases tied to a $1.4 billion loan deal. The Bitcoin Office announced the move shortly after IMF staff praised the country’s economic reforms during a loan review. While the IMF acknowledged progress in fiscal policy and inflation control, it repeated its call to reduce the government’s involvement in crypto activities.