Crypto World
XRP Token Surges 5% Following Wrapped XRP Integration on Solana Network
Key Highlights
- Wrapped XRP (wXRP) debuts on Solana blockchain through Hex Trust and LayerZero partnership
- Token now accessible on major platforms including Phantom, Jupiter, Titan Exchange, Meteora, and Byreal
- XRP value surged 5.15% reaching $1.50 following the announcement before stabilizing at $1.48
- RippleX validates the deployment, highlighting increased cross-chain appetite for XRP
- Each wXRP token maintains 1:1 backing with native XRP secured in regulated custodial accounts
Ripple’s native digital asset has officially expanded its reach to the Solana ecosystem via a newly introduced wrapped variant known as wXRP. Solana announced the integration on Friday, April 17, 2026.

The Solana network shared on X: “BREAKING: XRP is live on Solana.” Accompanying the announcement was a brief promotional video showcasing the logos of Ripple, Solana, Hex Trust, and LayerZero — the four principal entities collaborating on this deployment.
This development enables wXRP accessibility across multiple Solana-native applications. Holders can now acquire, trade, and store wXRP through Phantom Wallet, Jupiter Exchange, Titan Exchange, Meteora, and Byreal platforms.
wXRP functions as a fully-backed derivative of XRP. Every wrapped token represents one genuine XRP maintained in isolated custody infrastructure operated by Hex Trust. Token minting and burning occur exclusively when corresponding XRP deposits or withdrawals are processed.
Technical Infrastructure Behind the Integration
The cross-chain deployment relies on infrastructure provided by Hex Trust and LayerZero. LayerZero facilitates the interoperability protocol connecting different blockchain networks, whereas Hex Trust oversees compliant custody solutions for the underlying XRP reserves.
This framework enables XRP investors to engage with Solana’s decentralized finance landscape without liquidating their holdings. Participants maintain their XRP market exposure while gaining access to Solana’s trading platforms, liquidity pools, and yield generation mechanisms.
Hex Trust initially revealed its wXRP issuance roadmap in December 2025. The announcement outlined plans to deploy wXRP across Solana, Ethereum, Optimism, and HyperEVM networks.
RippleX SVP Markus Infanger commented in December: “There’s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand.”
Market Response to wXRP Launch
XRP experienced an immediate 5.15% spike to $1.50 upon the announcement. At press time, the asset had stabilized at $1.48, maintaining a 4.12% daily gain.
Solana’s native SOL token similarly benefited, recording a 4% intraday increase to $89.86.
With a market capitalization exceeding $90 billion, XRP continues expanding its footprint. RippleX highlighted on X that “growing demand for $XRP is driving liquidity cross-chain.”
The cryptocurrency sector experienced broader recovery on Friday amid decreasing geopolitical concerns. News surfaced indicating Iran’s agreement to halt nuclear activities and reopen the Strait of Hormuz shipping route.
XRP maintained a trading price of $1.48 on Friday, April 17, 2026, in the aftermath of the wXRP Solana integration.
Crypto World
Kyrgyzstan Courts TRON After Binance as Justin Sun Meets President Japarov
TRON founder Justin Sun met Kyrgyz President Sadyr Japarov on April 18 in a formal diplomatic session focused on blockchain development and virtual asset expansion in Central Asia.
The meeting follows a February 2026 video conference between Sun and Farkhat Iminov, head of Kyrgyzstan’s National Council for Virtual Assets and Blockchain Technologies.
TRON Eyes KGST Stablecoin Integration
Discussions centered on scaling the KGST stablecoin, a 1:1 Kyrgyz som-backed digital asset already live on BNB Chain and listed on Binance since December 2025.
Sun proposed integrating KGST with TRON’s high-throughput infrastructure to enable local currency trading on crypto exchanges without converting to US dollars first.
Sun suggested Kyrgyzstan could become a full blockchain center within two years by building on scalable networks like TRON.
President Japarov highlighted the rapid growth of the country’s virtual asset sector, which now includes more than 200 registered crypto exchanges and 11 industrial mining companies.
CZ Paved the Way
The engagement mirrors an earlier, deeper push by Changpeng Zhao (CZ), founder and former CEO of the Binance exchange.
In May 2025, CZ was appointed as a presidential adviser on digital assets. He helped launch KGST on BNB Chain and guided the country’s plans for a national crypto reserve.
By courting both Binance and TRON, Kyrgyzstan appears to be hedging its blockchain strategy. Binance provides exchange access and global liquidity, while TRON offers low-fee, high-speed infrastructure suited for stablecoin transactions and cross-border payments.
The pattern of blockchain founders meeting heads of state continues to accelerate as emerging markets shift from regulation to active sovereign adoption.
The post Kyrgyzstan Courts TRON After Binance as Justin Sun Meets President Japarov appeared first on BeInCrypto.
Crypto World
How Crypto Casinos Are Using Kooc Media to Get Featured on Major News Sites
The crypto casino market has exploded in size, but for individual operators, cutting through the noise has become one of the biggest challenges in the business. With hundreds of Bitcoin casinos, Ethereum gambling platforms and multi-currency crypto gaming sites now competing for the same players, simply having a good product is no longer enough. Operators need media coverage on the publications their audience actually trusts.
Kooc Media, a PR distribution agency specialising in the crypto, fintech, technology and iGaming sectors, has built a service specifically for this problem. The agency combines its own network of established news websites with major newswire distribution to give crypto casino operators guaranteed media placements across high-authority publications — with articles typically going live the same day.
“Crypto casinos are competing in one of the fastest-moving spaces in online entertainment,” said Michelle De Gouveia, spokesperson for Kooc Media. “The operators who get consistent coverage on respected sites are the ones players remember. The ones who stay invisible get left behind.”
A Marketing Blind Spot for Crypto Casinos
Crypto casinos sit in an awkward overlap between two industries that both face significant advertising restrictions. On the cryptocurrency side, major platforms like Google and Meta have spent years imposing and adjusting restrictions on crypto-related advertising. On the gambling side, regulators across the UK, Europe and multiple US states continue to tighten rules around how operators can promote their services.
For a crypto casino that falls under both categories, the paid advertising landscape is particularly difficult to navigate. Even operators willing to spend heavily on paid campaigns often find their options limited by platform policies, jurisdiction-specific rules or outright bans on gambling and crypto advertising.
This is why PR has become such a critical channel for the crypto casino sector. Articles published on respected news sites operate outside the restrictions that affect paid advertising. They carry editorial weight that a banner ad or sponsored social post cannot replicate. And unlike paid campaigns that stop delivering the moment the budget runs out, a well-placed article continues to rank in search engines and drive traffic for months or years after publication.
The difficulty has always been finding a PR agency that understands both sides of the crypto casino equation. Most gambling PR firms do not know how to talk about blockchain technology, smart contracts or tokenomics. Most crypto PR firms have little experience with responsible gambling messaging or the regulatory sensitivities of the gaming industry. Kooc Media’s experience across both crypto PR and gambling PR puts it in a rare position to serve operators who need both.
Placements on Real Sites With Real Audiences
What separates Kooc Media from most PR providers is its owned media network. The company operates several well-known online news brands including Blockonomi, CoinCentral, MoneyCheck, Parameter, Beanstalk and Computing. These are not newly created sites built for link placement. They are established publications with years of content, built-up domain authority, organic traffic and engaged readerships across the crypto, finance and technology sectors.
When a crypto casino books a placement through Kooc Media, the article appears on one or more of these sites. There is no uncertainty about whether the piece will be published. There is no waiting for an editor at an external publication to decide whether the story is worth covering. The placement is confirmed before the campaign begins, and in most cases the article is live within hours.
For crypto casino operators, this reliability changes how they plan their marketing. A platform launching a new provably fair game, adding support for a new cryptocurrency, or entering a new market can time their PR coverage precisely to coincide with the announcement. There is no risk of the story going live too late or not at all.
Kooc Media also distributes press releases through major newswire networks, extending coverage well beyond its own sites. Depending on the package, articles can appear on major business and finance outlets including Business Insider, Bloomberg, Benzinga, MarketWatch, USA Today and Dow Jones feeds. For crypto casinos trying to reach mainstream audiences, attract investors or build credibility beyond the core crypto gambling community, this mainstream distribution is a powerful addition to the niche placements on Kooc Media’s own network.
Full reporting is included with every campaign. Operators receive live links to every published article so they can track exactly where their coverage appeared and share it with stakeholders.
Packages Designed Around How Crypto Casinos Operate
Kooc Media has structured its crypto casino PR offering around the real-world situations operators face, rather than offering a generic one-size-fits-all package.
New crypto casinos preparing to launch need visibility fast. The priority is getting the brand in front of as many potential players as possible across crypto news sites, gambling publications and mainstream finance outlets within a tight window around the launch date. Kooc Media’s launch packages are designed for exactly this scenario, delivering concentrated coverage that gives a new platform immediate credibility and name recognition from day one.
Crypto casinos that are already up and running have different requirements. For established operators, the focus shifts to maintaining a steady drumbeat of media coverage that supports ongoing player acquisition, strengthens search engine rankings and keeps the brand visible in a market where new competitors appear constantly. Kooc Media’s recurring monthly packages provide regular placements that operators can budget for and plan around.
Operators with specific campaign needs can work with Kooc Media to build custom plans. A crypto casino launching a native token might need coverage that emphasises the tokenomics and utility of the coin alongside the gaming platform. An operator adding new blockchain integrations might want articles focused on the technical capabilities and player benefits of those additions. A platform expanding into new geographic markets might need coverage targeted at publications popular in those regions. Kooc Media builds campaigns around whatever the operator needs rather than forcing them into a predefined template.
“Every crypto casino has a different angle,” said De Gouveia. “Some want to lead with their technology. Others want to focus on their game selection or their community. We build campaigns around what makes each operator different, because that is what readers and players actually care about.”
Professional Content for a Specialist Audience
The crypto casino audience is knowledgeable and sceptical. Players who gamble with Bitcoin or Ethereum tend to be more technically aware than the average online casino customer. They understand blockchain technology. They know what provably fair means. They can spot generic marketing language immediately and they do not respond well to it.
This makes content quality especially important for crypto casino PR. Press releases and articles need to be technically accurate, specific about the platform’s features and written in a way that respects the audience’s intelligence. At the same time, the content needs to handle gambling-related messaging responsibly and avoid claims that could create regulatory problems.
Kooc Media’s managed PR creation service handles all of this. The agency’s editorial team writes, edits and reviews every piece of content before publication. Operators provide the key details and Kooc Media produces finished articles that meet both the editorial standards of target publications and the expectations of the crypto gambling audience. The team has direct experience writing about blockchain technology, cryptocurrency payments, decentralised gaming and iGaming regulation, so the content is credible on both fronts.
For crypto casino operators without an in-house marketing or communications team, this managed service removes one of the biggest barriers to running an effective PR strategy. There is no need to hire specialist writers or manage external contractors. Kooc Media handles the content side entirely.
Building Long-Term Search Visibility
For crypto casinos, one of the most valuable outcomes of consistent PR coverage is improved search engine performance. Search engines give significant weight to content published on high-authority domains. Each article placed through Kooc Media’s network creates an indexed page that can rank for search terms like Bitcoin casino, crypto gambling, Ethereum casino, provably fair slots, blockchain betting and cryptocurrency sportsbook.
A single placement provides some benefit. But the real value comes from consistency. An operator with a steady stream of articles published across Blockonomi, MoneyCheck, CoinCentral, Benzinga and other established sites builds a digital footprint that compounds over time. Each new article reinforces the operator’s presence in search results and makes it harder for competitors to displace them.
Players researching crypto casinos before signing up will encounter the brand across multiple trusted sources. That repeated exposure builds familiarity and trust in a way that no single ad or social media post can match. For an industry where trust is everything — players are depositing real cryptocurrency — this kind of earned credibility is worth more than almost any other marketing investment.
About Kooc Media
Kooc Media was founded in 2017 as a specialist PR distribution agency for the crypto, fintech, technology and iGaming industries. The company operates its own network of in-house news websites and a large partner distribution network, delivering guaranteed media coverage across high-authority publications. Services include press release writing, sponsored articles, newswire distribution, homepage placements and full campaign reporting. Kooc Media works with clients across the crypto, fintech and gambling sectors, from new projects to established platforms.
Kooc Media’s Crypto Casino packages are available now through the company’s website at https://kooc.co.uk.
Crypto World
Why TAO Cryptocurrency May Be the Most Structurally Unique Asset of the Next Decade
TLDR:
- TAO cryptocurrency hit its first halving in December 2025, cutting daily emissions from 7,200 to 3,600 tokens.
- Grayscale allocated 43% of its AI Fund to TAO, making it the single largest position in the fund.
- Bittensor’s 128 competing subnets auto-prune weak projects, mirroring the S&P 500’s survivorship mechanism.
- Venice.ai, with over one million paying users, trained its flagship model on Bittensor’s Subnet 4.
TAO cryptocurrency is drawing serious attention from analysts who argue it combines the strongest features of Bitcoin, the S&P 500, and Nvidia into one asset.
Currently trading at $250 with a $2.7 billion market cap, TAO operates on the Bittensor network. The network runs 128 competing AI subnets, with a fixed supply cap of 21 million tokens. Institutional interest is growing, with multiple ETF applications now pending before the SEC.
TAO Cryptocurrency’s Scarcity Model and Automated Subnet Competition
TAO crypto mirrors Bitcoin’s supply structure through a hard cap of 21 million tokens. The network’s first halving occurred in December 2025, cutting daily emissions from 7,200 to 3,600 TAO. Around 67% of circulating supply remains locked, leaving a liquid float of just 3 million TAO.
Analyst Andy ττ argued on X that Bitcoin’s decade following its first halving produced a 1,311x return on a pure scarcity thesis alone.
He noted that TAO carries the same scarcity DNA but adds subnet-level revenue and usage on top. That combination did not exist in Bitcoin’s early structure.
The Bittensor network’s 128 subnets compete directly for emissions. Weaker subnets lose their allocation, while stronger ones attract more stake and grow.
This mirrors the S&P 500’s mechanism, where underperforming companies exit the index automatically over time.
Andy ττ described the structure as “a self-optimizing index of decentralized AI companies.” Stake-based voting determines which subnets survive, making the process market-driven rather than committee-driven. No comparable financial structure has existed before in traditional or digital markets.
Institutional Adoption and Real-World Usage Already Building Around TAO
Grayscale’s AI Fund recently allocated 43% of its holdings to TAO cryptocurrency, making it the fund’s single largest position.
Both Grayscale and Bitwise have ETF applications pending with the SEC. Corporate treasury firm xTAO is actively accumulating, and Yuma has staked $691 million into the network.
Venice.ai, co-founded by Erik Voorhees, now counts over one million paying users. The platform trained its flagship model on Bittensor’s Subnet 4 via Targon Compute.
Macrocosmos, operating on Subnet 9, is targeting a 70-billion-parameter distributed training run, which would be a world first.
The TAO Institute launched in April 2026, introducing a Subnet Risk Index for institutional allocators. Jensen Huang of Nvidia has publicly endorsed decentralized training, a concept central to Bittensor’s model. These developments point to infrastructure maturing around TAO rather than speculative positioning alone.
Andy ττ also noted that increased network usage reduces sell pressure on TAO cryptocurrency over time. Greater competition recycles more TAO, while higher usage lowers net issuance. Combined with the halving schedule, this creates a feedback loop between growth and reduced supply pressure.
Crypto World
Altcoins Cool After Rally as ARB Holds Support and Signals Potential Continuation
TLDR:
- ARB maintains a bullish structure despite cooling momentum, holding above the critical $0.125 support zone.
- RSI and MACD indicators signal short-term weakness, pointing to consolidation rather than a full trend reversal.
- Altcoin market cap retreats from $195B highs, testing key support levels near the $182B–$184B range.
- Market conditions suggest a range-bound phase as traders wait for confirmation of the next breakout direction.
Altcoins recorded steady momentum over the past week as broader market conditions remained supportive. Bitcoin held strength, while volatility stayed low.
Market data shows a cooling phase emerging, with key indicators pointing toward consolidation rather than a clear reversal.
ARB Price Action Signals Cooling Momentum After Rally
On the ARB/USDT 4-hour chart, price action confirms a shift from consolidation into an uptrend. The asset climbed from around $0.095 to near $0.135 before facing resistance. At the time of observation, ARB traded near $0.128, showing minor gains during the session.
Crypto analyst Michaël van de Poppe addressed this trend in a recent tweet. He linked altcoin momentum to low volatility and strong Bitcoin performance. He also noted that a pullback, if it occurs, could present a buy-the-dip setup for ARB.
The structure still reflects higher highs and higher lows, which supports a bullish trend. However, recent rejection near the $0.135 zone slowed upward movement. Price has since entered a narrow range, indicating reduced momentum.
Key levels remain in focus. Immediate resistance sits between $0.130 and $0.135, while stronger resistance appears near $0.140. On the downside, support holds around $0.125, with deeper levels near $0.120 and $0.110.
Momentum indicators show a shift in pace. The Relative Strength Index moved down from overbought levels and now sits near neutral territory. This suggests easing buying pressure without clear bearish divergence.
Meanwhile, the MACD indicator shows a bearish crossover with a slightly negative histogram. This points to short-term selling pressure, though not strong enough to confirm a reversal. The setup aligns more with a pause following rapid gains.
Van de Poppe stated that a deeper correction remains unlikely. He added that any pullback could form a buy-the-dip pattern. His projection places a potential continuation toward the $0.16 level if support holds.
Altcoin Market Cap Pulls Back After Sharp Expansion
The broader altcoin market, excluding the top ten assets, followed a similar pattern. Market capitalization reached approximately $195 billion before retreating to near $185 billion. This move reflects a short-term correction after rapid expansion.
Earlier phases showed a clear transition. The market declined through mid-March, followed by a consolidation range into early April. That phase formed a base between $169 billion and $178 billion.
A breakout occurred in mid-April, with strong upward candles pushing valuation higher. The move showed limited pullbacks, signaling aggressive capital inflows during that period. However, the rally lost pace near recent highs.
Current price action shows rejection near the $195 billion level. The pullback has brought the market toward a support zone between $182 billion and $184 billion. This level now acts as a key area for stability.
If the market holds above $180 billion, structure remains intact. A rebound could lead to another test of the $190 billion region. On the other hand, a breakdown below support may shift focus toward $178 billion.
Short-term behavior suggests consolidation may follow. A range between $180 billion and $190 billion appears likely while indicators reset. This aligns with the cooling trend seen in individual altcoins.
The recent rally points to increased activity outside major cryptocurrencies. However, the sharp rejection indicates that rapid gains triggered profit-taking. The market now seeks balance after the strong move.
Overall, both ARB and the broader altcoin market show similar patterns. Strong upward trends remain in place, yet momentum has slowed. Current conditions favor consolidation as traders assess the next direction.
Crypto World
Wall Street’s Biggest Wealth Manager Now Has a Public Bitcoin Wallet
Arkham Intelligence has identified the on-chain wallets behind Morgan Stanley’s new spot Bitcoin (BTC) ETF. The bank’s BTC holdings are now publicly traceable in near real time.
The Morgan Stanley Bitcoin Trust (MSBT) began trading on NYSE Arca on April 8. It is the first spot Bitcoin ETF issued by a major US bank.
Arkham Makes MSBT Holdings Visible
Arkham’s blockchain analytics team identified the custodian wallets used by MSBT with high accuracy before verifying them. Users can now monitor BTC inflows and outflows as they settle on-chain.
However, traditional finance operates on a T+1 settlement cycle. On-chain confirmations appear one day after allocation decisions are made. That structural lag means wallet data reflects yesterday’s moves, not today’s.
Since launch, MSBT has purchased roughly $102.79 million in BTC. On-chain holdings sit at approximately 1,348 BTC.
Bloomberg ETF analyst Eric Balchunas placed the debut in the top 1% of all ETF launches over the past year.
Low Fees Target BlackRock’s Lead
MSBT charges 0.14% in annual fees, the lowest among US spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) charges 0.25% and leads the market with roughly $57 billion in assets under management.
Morgan Stanley’s wealth management arm employs around 16,000 advisors overseeing $9.3 trillion in client assets. Even a modest allocation shift toward MSBT could generate substantial inflows over time.
Coinbase and BNY Mellon serve as digital asset custodians for the fund. Goldman Sachs and Charles Schwab are reportedly preparing competing crypto products, which suggests further fee pressure may follow.
The post Wall Street’s Biggest Wealth Manager Now Has a Public Bitcoin Wallet appeared first on BeInCrypto.
Crypto World
This Bitcoin mining pool lets users keep a whole BTC. It just found its second block
A bitcoin mining pool built to reject both the industrial pay-per-share model and the pure lottery approach has now proved its design works. Twice.
Upstart mining pool Parasite Pool mined block 945,601 on Friday morning, its second block since launching in April 2025 and roughly 48 days after the pool’s first block at #938,713 in late February.
The block carried 7,398 transactions and 0.002 BTC in fees, landing with bitcoin trading at $76,213.
The pool operates on a hybrid model that has no parallel in mainstream mining. A winning miner that solves a block receives 1 BTC outright, with the remaining 2.125 BTC plus fees distributed proportionally among all pool participants based on shares submitted since the previous block.
There are no fees to take part in this pool, and payouts are routed through the Lightning Network.
Mining secures bitcoin by having computers compete to solve a cryptographic puzzle every 10 minutes, with the winner earning the right to add the next block of transactions to the blockchain and collecting a reward.
That reward is currently 3.125 BTC plus whatever transaction fees are bundled in, worth about $238,000 at Friday’s price, down from 6.25 BTC after the April 2024 halving and scheduled to drop again to 1.5625 BTC in 2028.
The competition is dominated by industrial operators running warehouse-scale facilities of specialized ASIC hardware that pulls enough electricity to rival a small city.
Mining pools exist to smooth the variance of who finds blocks, bundling the hashrate of thousands of participants so the proceeds get split by contribution rather than winner-take-all.
Parasite is founded by ZK Shark, the pseudonymous creator of Ordinal Maxi Biz (an NFT collection on Bitcoin), and targets the home miner.
Pure solo pools like CKpool pay the full block reward minus a 2% fee to the finder, but statistical reality means the vast majority of participants never see a block.
But Parasite’s answer is to split the difference. The 1 BTC finder’s fee preserves the lottery payday, while proportional distribution of the remainder keeps satoshis flowing to participants during the stretches between blocks.
The second block carries more weight than the first. The pool retained hashrate through the 48-day gap between payouts, and the proportional distribution mechanics now have two rounds of real validation rather than one.
Parasite’s hashrate currently sits at 52 petahashes per second, down from a peak of 182 PH/s in June 2025, according to the pool’s dashboard. That works out to roughly 0.005% of bitcoin’s estimated 1-zetahash network hashrate.
The pattern around solo and small-pool mining has been running hot.
CoinDesk reported earlier this year on a 230 terahash-per-second home miner who beat 1-in-28,000 odds to claim block 943,411 and a $210,000 reward, and on a separate operator who rented $75 of cloud hashrate to validate block 938,092 via CKpool for a $200,000 payday. Both wins followed the CKpool model of winner-take-all minus a 2% fee.
Parasite is the first pool at this scale to test whether a hybrid split keeps participants mining through the losing stretches. A third block inside the next two months would settle the case for Parasite’s model, while a six-month drought would suggest the first two were the easy ones.
Crypto World
Binance and Biget to probe RAVE’s 4,500% token surge as claims of insider-orchestrated rally grow
Binance and Bitget, two major cryptocurrency exchanges, have opened investigations into trading activity surrounding RaveDAO’s RAVE token, after onchain sleuth ZachXBT alleged insiders engineered a large short squeeze that drove the token’s rapid rise.
Crypto exchange Bitget’s CEO Gracy Chen said the exchange had “started investigating” the matter, while Binance CEO Richard Teng later said publicly that the platform was also looking into the claims and would “always” do its part to examine signs of market misconduct. Another exchange, Gate, was also mentioned in ZachXBT’s investigation.
ZachXBT has also personally offered a $10,000 bounty to whistleblowers who come forward privately to share evidence about the parties involved.
The little-known project rallied earlier in the week, leading to over $44 million in RAVE positions, most of which were bearish, getting liquidated in a single day. Those liquidations followed a 4,500% rally over the course of a week.
Still, the short squeeze highlighted the concentration of RAVE tokens within a small set of wallets. In fact, nearly 90% of its supply was in just three Gnosis Safe wallets at the time.
Investigators also flagged token transfers to exchanges shortly before the rally began. Millions of tokens were moved to exchanges before prices started surging.

RaveDAO presents itself as a Web3 project focused on electronic music events, offering blockchain-based ticketing and community governance. It traces its origins to a 2023 afterparty in Istanbul and has since hosted events across several regions. The project reported about $3 million in revenue in 2025.
That footprint contrasts with the token’s market behavior. RAVE traded below $0.50 for most of its history before surging in April. It jumped from about $0.30 to over $6 in a single day, then climbed past $27 before starting to recede.
At its peak, the token’s market value briefly exceeded $6 billion, placing it among the largest cryptocurrencies by market cap before dropping. The token is now down more than 50% from its peak and 30% over the last 24 hours.
‘Bait and liquidate’
A separate claim centers on what some describe as a “bait and liquidate” pattern. The idea is that visible transfers suggest selling pressure, drawing traders into short positions.
If those tokens are later withdrawn while prices rise, short sellers may be forced to buy back at higher prices, driving further gains for those on the other side of the trade. These claims remain unproven, but the concentration of supply suggests it’s a real possibility.
Community reports have also linked the project to figures associated with earlier crypto ventures, including ARPA and Bella Protocol, though those connections have not been independently verified. None of the individuals named in these reports has responded publicly.
RaveDAO addressed the situation in a social media thread, stating that the team is “not engaged in, nor responsible for, recent price action.”
In the thread, RaveDAO did not address specific onchain allegations, including supply concentration or the millions transferred to exchanges ahead of the pump, but confirmed it does plan to liquidate portions of unlocked tokens “when appropriate.”
RaveDAO said it was “exploring appropriate models, including price-triggered or performance-triggered locks, that tie team incentives to ecosystem growth.” It stopped short of committing to any specific mechanism or timeline.
CoinDesk has reached out to RaveDAO for comments.
Crypto World
Liquidity Splits Push Stablecoins Into FX Markets, Eco CEO
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Stripe doubles down on blockchain, stablecoins to become ‘AWS for money,’ crypto head says
Global payments giant Stripe is building what it calls the “AWS for money,” and crypto tech is at the center of that plan.
Speaking at the RWA Summit in Cannes, France, Adrien Duchâteau, Stripe’s head of crypto go-to-market, said the company is now integrating stablecoins and blockchain across its core payment stack as it looks to modernize how money moves globally.
“We’re putting product by product more of our stack onchain,” he said.
The move builds on the firm’s long, if uneven, history with crypto. Stripe was one of the earliest major tech companies to embrace bitcoin , enabling BTC payments as early as 2014 before pulling back in 2018 as volatility made it impractical for merchants, Duchâteau said. The company returned in 2021 with a dedicated crypto team, betting that the underlying technology had matured enough to support real-world use, he added.
Speeding up payments with stablecoins
The company’s blockchain ambition focuses on fixing a core problem: global payments remain slow and expensive. Cross-border transfers, Duchâteau explained, still rely on systems like SWIFT, which can take days to settle. For platforms paying creators or contractors, that delay often dictates payout schedules.
Stripe processes nearly $2 trillion in annual payments — roughly 2% of the global GDP — and serves over 5 million businesses around the globe, so even incremental improvements to settlement could have wide-reaching effects, he said.
“We’re operating in T+3 networks,” he said, meaning that a transaction often takes three days from the moment of payment to settlement. “If you reduce that to zero, that is a magnitude of change.”
To realize that vision, Stripe acquired stablecoin infrastructure firm Bridge for $1.1 billion in 2024, then bought crypto wallet provider Privy. It also teamed up with crypto investment firm Paradigm to develop a payments-focused blockchain called Tempo, which went live last month with infrastructure partners like Mastercard, UBS, Klarna and Visa.
The company is already rolling out stablecoin features. Merchants can accept stablecoins at checkout, including through Shopify, while platforms like Remote.com allow users to receive payouts in crypto. Through Bridge, it also helps fintechs like Klarna and Slash issue and integrate stablecoins in their operations.
Where banking rails fall short
Demand is emerging in places where traditional systems fall short. Duchâteau pointed to users in emerging markets seeking dollar exposure, as well as a growing number of customers turning to stablecoins after card payments fail.
“We’re seeing people whose cards get declined switch to stablecoins,” he said.
Stripe’s approach is not to replace fiat, but to abstract the difference. Over time, Duchâteau said, users shouldn’t need to know whether a transaction runs on traditional or blockchain rails.
Stripe’s ambition, he said, is to become “AWS for money,” routing and orchestrating money movements across systems, similar to how cloud platforms manage computing resources globally.
That includes future products beyond payments, such as offering yield or capital access in markets where Stripe has had limited reach before. Duchâteau pointed to emerging countries like Argentina as an example, where stablecoins and decentralized finance (DeFi) could enable services that are difficult to deliver through traditional banking.
“The technology wasn’t there before. Now we’ve come to a point where we can actually realize it,” he said. “We’re super excited and we’re doubling down.”
Crypto World
The Lightning Network isn’t ‘helplessly broken’
A post from Udi Wertheimer a few weeks ago made headlines across crypto media with a stark claim: the Lightning Network is “helplessly broken” in a post-quantum world, and its developers can do nothing about it. The headline traveled fast. For businesses that have built real payment infrastructure on Lightning or are evaluating it, the implications were unsettling.
It deserves a measured response.
Wertheimer is a respected Bitcoin developer, and his underlying concern is legitimate: quantum computers, if they ever become sufficiently powerful, pose a real long-term challenge to the cryptographic systems on which Bitcoin and Lightning depend. That part is true, and the Bitcoin development community is already working on it seriously. But the framing of Lightning as “helplessly broken” obscures more than it reveals, and businesses making infrastructure decisions deserve a clearer picture.
What Wertheimer got right
Lightning channels require participants to share public keys with their counterparty when opening a payment channel. In a world where cryptographically relevant quantum computers (CRQCs) exist, an attacker who obtains those public keys could theoretically use Shor’s algorithm to derive the corresponding private key, and from there, steal funds.
This is a real structural property of how Lightning works. What the headline leaves out
The threat is far more specific and far more conditional than “your Lightning balance can be stolen.”
First, the channels themselves are protected by a hash while they are open. Funding transactions use P2WSH (Pay-to-Witness-Script-Hash), meaning the raw public keys inside the 2-of-2 multisig arrangement are hidden onchain for as long as the channel remains open. Lightning payments are also hash-based, routed through HTLCs (Hashed Time-Lock Contracts), which rely on hash preimage revelation rather than exposed public keys. A quantum attacker passively watching the blockchain cannot see the keys they would need.
The realistic attack window is much narrower: a force-close. When a channel is closed, and a commitment transaction is broadcast onchain, the locking script becomes publicly visible for the first time, including the local_delayedpubkey, a standard elliptic-curve public key. By design, the node that broadcasts it cannot immediately claim its funds: a CSV (CheckSequenceVerify) timelock, typically 144 blocks (about 24 hours), must first expire.
In a post-quantum scenario, an attacker watching the mempool could see that a commitment transaction confirms, extract the now-exposed public key, run Shor’s algorithm to derive the private key and attempt to spend the output before the timelock expires. HTLC outputs at force-close create additional windows, some as short as 40 blocks, roughly six to seven hours.
This is a real and specific vulnerability. But it is a timed race against an attacker who must actively solve one of the hardest mathematical problems in existence, within a fixed window, for each individual output they want to steal. It is not a passive, silent drain on every Lightning wallet simultaneously.
The quantum hardware reality check
Here is the part that rarely makes it into the headlines: cryptographically relevant quantum computers do not exist today, and the gap between where we are and where we would need to be is enormous.
Breaking Bitcoin’s elliptic curve cryptography requires solving the discrete logarithm on a 256-bit key, a roughly 78-digit number, using millions of stable, error-corrected logical qubits running for an extended period. The largest number ever factored using Shor’s algorithm on actual quantum hardware is 21 (3 × 7), achieved in 2012 with significant classical post-processing assists. The most recent record is a hybrid quantum-classical factoring of a 90-bit RSA number, impressive progress, but still roughly 2⁸³ times smaller than what it would actually take to break Bitcoin.
Google’s quantum research is real and worth watching. The timelines discussed by serious researchers range from optimistic estimates for the late 2020s to more conservative projections for the 2030s or beyond. None of that is “your Lightning balance is at risk today.”
The development community is not sitting still
Wertheimer’s framing, that Lightning developers are “helpless”, is also out of step with what is actually happening. Since December alone, the Bitcoin development community has produced more than five serious post-quantum proposals: SHRINCS (324-byte stateful hash-based signatures), SHRIMPS (2.5 KB signatures across multiple devices, roughly three times smaller than the NIST standard), BIP-360, Blockstream’s hash-based signatures paper, and proposals for OP_SPHINCS, OP_XMSS, and STARK-based opcodes in tapscript.
The correct framing is not that Lightning is broken and unfixable. It is that Lightning, like all of Bitcoin, and like most of the internet’s cryptographic infrastructure, requires a base-layer upgrade to become quantum-resistant, and that work is underway.
What this means for businesses building on Lightning today
Lightning processes real payment volume for real enterprises today, iGaming platforms, crypto exchanges, neobanks, and payment service providers moving money globally at fractions of a cent with instant finality. The question businesses should be asking is not whether to abandon Lightning based on a theoretical future threat, but whether the teams building Lightning infrastructure are paying attention to what is coming and planning accordingly.
The answer, based on the volume and quality of post-quantum research happening in the Bitcoin development community right now, is yes.
The Lightning Network is not helplessly broken. It faces the same long-horizon cryptographic challenge as the entire digital financial system, and it has a development community actively working to address it. That is a different story from the one the headline told.
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