$SERAPH Price Drop  

$SERAPH traded at $0.0884 on October 7, showing a sharp 64% decline in 24 hours. This sudden drop surprised many investors. Bybit’s change in the maximum open position limit for SERAPH futures was one of the main causes of this price volatility.  

The primary reason for this large Bybit dump was the chain liquidations triggered by the exchange after smart contract upgrades (Token Swaps) or delist decisions for tokens like $SERAPH, $GORK, and $RFC.  

Additionally, $SERAPH’s low liquidity and speculative nature made it highly vulnerable to rapid market movements. Market analysis of coin prices and altcoin trends showed that investors were quick to close positions.  

Movements in $GORK and $RFC  

• $GORK traded at $0.0143 on October 7, experiencing 64% volatility. Similarly, $RFC traded at $0.0125, recording a 54% drop.  
• Changes in futures position limits affected both token prices.  
• Low market capitalization triggered sudden speculative selling.  
• Risk-averse investor behavior amplified the declines.  
• As a result, $GORK and $RFC prices fluctuated significantly in a short period, attracting attention from crypto traders monitoring market volatility.  

Altcoin Trends and Risk Management  

This event highlighted the risks of using leverage on low-market-cap altcoins. Moreover, it showed how major exchanges can sharply close markets during token swaps or other events. This underscores the importance for investors to closely follow exchange and project announcements.  

Price movements in SERAPH/USDT, GORK/USDT, and RFC/USDT charts indicated more than a typical market crash. Pairs first spiked to extreme levels, then fell below their previous values within seconds. Futures contracts, particularly for RFC and GORK, were critical to understanding the scale of the decline. These tokens, traded with high leverage (up to 50X), can generate massive losses from minor price changes.  

Experts advise following basic risk management rules, especially when trading rising coins and small-cap tokens.

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What is Tars AI (TAI)?

Tars AI is a decentralized infrastructure protocol on the Solana blockchain that integrates artificial intelligence and blockchain technologies. The platform brings AI-powered applications into the Web3 ecosystem, offering accessible and cost-effective solutions for both individual users and developers. By overcoming the limitations of centralized control, project enables the development of permissionless AI agents and applications. Serving Solana’s over 1 million users, the platform enhances user experience with tools like AI Console, AI Aggregator, and Tars AI Search Engine.

Project’s mission is to make AI and blockchain technologies user-friendly and accessible. It provides a modular solution to ease the transition from Web2 to Web3, capitalizing on Solana’s high transaction throughput (~65,000 transactions per second) and low fees (~$0.00025 per transaction). Partnering with the Solana Foundation, Messari, and various AI research institutions, Tars AI drives innovation in the Web3 AI space.

Key Features of Tars AI (TAI)

Tars AI offers innovative features combining AI and Web3:

1. AI Console

Provides access to AI tools that simplify blockchain interactions.

2. Consumer AI

An AI assistant equipped with Sliding Window Memory and Real-Time Learning, offering market data, insights, and recommendations.

3. AI Aggregator

Connects user queries to the most suitable large language models (LLMs) for accurate, context-specific responses.

4. Tars AI Search Engine

Combines AI-driven insights with blockchain search functionalities.

5. GPU Staking

Users can mint non-tradable GPU NFTs to earn TAI token rewards.

6. Tars AI Hub

Offers a library of popular AI models for Web3, including GPT-4.

7. Sona and Akira Frameworks

Sona automates DeFi operations; Akira supports agent coordination.

How Tars AI (TAI) Works

Project provides a modular ecosystem for AI integration on the Solana blockchain:

1. AI Console: AI tools that simplify blockchain operations for users.

2. Consumer AI: Delivers real-time market analytics and recommendations.

3. AI Aggregator: Directs queries to LLMs like ChatGPT, Grok, and Claude.

4. Search Engine: Merges AI and blockchain data for enhanced search functionality.

5. GPU Staking: Users earn TAI rewards through GPU NFT minting.

6. Sona Framework: Provides AI agents for DeFi operations (swaps, bridging, staking).

7. Web3 and Social Integrations: Supports AI agent interactions on platforms like X, Telegram, Discord, and Farcaster, enabling media creation and smart contract automation.

Tars AI leverages Solana’s Proof of History (PoH) and Proof of Stake (PoS) hybrid consensus mechanism to ensure high-speed transaction finality and low-cost processing. Additionally, it uses a Trusted Execution Environment (TEE) to guarantee secure and private agent operations.

Benefits of Tars AI (TAI) to Stakeholders

• Developers: Build permissionless AI agents using Sona and Akira frameworks.

• Users: Gain AI-driven insights, DeFi automation, and staking rewards.

• Investors: Access governance and passive income opportunities through TAI tokens.

• Community: Contributes to platform development via the DAO.

Tars AI (TAI) Tokenomics

$TAI is Tars AI’s governance and utility token:

• Token Name: TAI

• Total Supply: 1,000,000,000 TAI

• Standard: Solana SPL

• Use Cases:

  • Governance: Token holders vote on protocol updates and agent deployment rules.

  • Staking: Contributes to network security and AI model validation, earning rewards.

  • Transaction Fees: Used for AI model access and ecosystem transactions.

  • Incentives: AI model developers are rewarded with TAI.

• Distribution:

  • Team and Advisors: 15%

  • Staking Rewards: 25%

  • Ecosystem Development: 30%

  • Community Growth: 10%

  • Reserves: 10%

  • Public Sale: 10%

• Circulating Supply: Public sale and ecosystem tokens are released to the market.

Tars AI Roadmap

Project continues to expand the Web3 AI ecosystem:

• 2016: Founded by Ish Jindal and Vinit Agrawal.

• 2021: Partnered with the Solana Foundation.

• 2024: Launched AI Console and Consumer AI.

• 2025: Introduced AI Aggregator, Search Engine, and Sona Framework.

Tars AI (TAI) Partners

Project is supported by the Solana Foundation, Messari, CSP DAO, Dutch Crypto Investors, YBB Foundation, BlackDragon, Contango Digital Assets, OIG Investment Group, Zephyrus Capital, X Ventures, Spicy Capital, Gemhead Capital, NewTribe Capital, TrustFi, and Bybit.

Tars AI (TAI) Team

Tars AI was founded in 2016 by Ish Jindal (conversational AI expert) and Vinit Agrawal (TARS Chatbot developer).

Official Links

• Website
• X (Twitter)
• Whitepaper

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What Is XPIN Network (XPIN)?

XPIN Network aims to provide a decentralized telecommunications service, fostering a user-centric, secure, and transparent ecosystem. Built on a blockchain-supported infrastructure, the platform allows users to contribute devices and resources to the network. XPIN offers high-speed wireless connectivity in over 200 countries, automatic network switching, and an economic model where users earn rewards by participating in network growth.

Core Features of XPIN Network

• Global Connectivity: Provides high-speed wireless access in over 200 countries and regions, with automatic network switching for reliable connections.

• Decentralized Infrastructure: Unlike centralized telecom systems, it relies on user-contributed devices and resources to create a resilient network.

• Blockchain-Powered Ecosystem: Every transaction, from network coverage validation to asset management, is transparent and verifiable on the blockchain.

• User-Centric Economy: Users earn rewards through staking, mining, and contributing to network expansion.

Advantages of XPIN Network

XPIN Network is more than a connectivity solution—it’s a movement toward a freer, more connected world. By decentralizing wireless infrastructure and offering tokenized incentives, it disrupts traditional models, providing a fairer, more private, and financially rewarding alternative. Key innovations include:

• Seamless Global Connectivity: Flexible data plans (Permanent GB, Daily Unlimited, Monthly Unlimited) ensure users pay only for what they need.

• XTELLA.AI and Yield-Bearing AI Agent: The world’s first yield-bearing AI agent, powered by dynamic NFT ownership, mining rewards, and a modular knowledge base.

• Universal Dynamic Billing: Payments are converted into points consumed at varying rates based on location, ensuring transparent and flexible global data usage.

• DePIN + PayFi: Combines Decentralized Physical Infrastructure (DePIN) with Decentralized Payment Finance (PayFi), enabling token-based payments and cross-border transactions.

• Comprehensive Product Suite: Includes Global eSIM, PowerLink, NanoLink, XPIN BOX, and XPIN BaseStation, delivering seamless connectivity across diverse scenarios.

• Diverse Revenue Streams: Generates income through eSIM sales, flexible data plans, in-game items, co-branded promotions, and hardware devices.

Problems Addressed

XPIN Network tackles key challenges faced by traditional network users and IoT device operators:

• High Roaming Fees: Eliminates costly international roaming charges.

• Data Service Limitations: Replaces single-operator restrictions and rigid prepaid plans with flexible alternatives.

• Network Security and Privacy: Mitigates public Wi-Fi vulnerabilities with end-to-end encryption.

• IoT Device Connectivity Costs: Provides automatic network switching and cost-effective solutions for IoT devices.

• Network Deployment Costs: Reduces high infrastructure costs through decentralized systems.

• Non-Democratized Services: Empowers users to influence service decisions for a transparent experience.

Target Audience

XPIN Network serves a diverse range of users:

• Global Travelers and Digital Nomads: Seeking cost-effective, flexible connectivity without roaming fees.

• Web3 and DePIN Projects: Requiring decentralized communication infrastructure.

• Gamers and Miners: Combining entertainment with economic rewards.

• Network Partners: Offering new revenue opportunities for AI, DeFi, crypto, and data-driven applications.

What is the Xtella Game?

Xtella is a Mini App game launched by XPIN Network on Telegram, offering barrier-free participation for global players. Players increase their power by completing tasks, leveling up, and purchasing items, earning $XP points or tokens. Xtella provides an 8% XPIN token airdrop, with greater participation yielding larger rewards. Join the game at: Xtella Game.

Basic Settings

• Satellite Definition: Each player starts with one satellite, with power increasing through levels and items. The first two invited players become “Anchor Satellites,” forming a hierarchical satellite network.

• Power Definition: Total Power = (Base Power + Wing Power + Signal Power + Boost Power) × Signal Multiplier.

• Mining Model: A total supply of 100 billion $XP is distributed daily over 180 days, with players earning based on their share of network power.

• Earnings Grab: Players can grab 10% of unclaimed earnings from other satellites (5% for inactive ones), with a 1-hour protection period post-grab.

• Communication Core (CommCore): Mining activation items, valid for 30 days, offering multipliers (Basic: 100%, Intermediate: 200%, Advanced: 400%).

What is Xtella.AI?

Xtella.AI is XPIN Network’s pioneering yield-bearing AI agent, existing as an NFT on the blockchain, generating passive income and evolving over time. Set to launch on the BNB Smart Chain in January 2025, with resources and logs stored on BNB Greenfield, users can acquire it through the Xtella.AI All Win Auction.

Features of Xtella.AI

• Dynamic Updates: Learns and evolves transparently on the blockchain based on owner instructions.

• Uniqueness: Each Xtella.AI is a distinct digital identity recorded as an NFT.

• Yield-Bearing: Generates income through trading, staking, and mining.

• Applications: Supports global connectivity, smart hub management, and collective intelligence.

What is Xtella.AI dNFT?

Xtella.AI dNFT is a dynamic NFT from XPIN Network, generating passive income via staking, airdrops, and $XPIN mining. Supported by an AI agent, its value grows with task completion. The Airdrop Hunter Premint model allows early participants to earn rewards by boosting the dNFT’s weight.

Product Planning

Phase One

• Global Network Access: Offers eSIM plans for over 200 countries via the Telegram Mini App.

• Gamified Incentives: Boosts engagement through tasks and a level-based system.

• Co-Branded eSIMs: Expands market reach through partnerships with crypto wallets and exchanges.

Phase Two

• Web3 Integration: Automates transactions with decentralized identity (DID) and smart contracts.

• XPIN PowerLink: A mining-enabled power bank offering charging and internet connectivity.

• XPIN BOX: A smart vSIM router supporting up to 128 devices.

• XPIN Base Station: Combines cellular and satellite networks with a cloud interface.

• PayFi Integration: Enables fast, secure token-based payments.

Security, Privacy, and Encryption

• End-to-End Encryption: Protects data with secure tunnels.

• Multi-Operator Access: Enhances reliability through automatic network switching.

• Intrusion Detection and Firewall: Provides real-time protection against cyber threats.

Technology Architecture

• Decentralized Infrastructure (DePIN): Distributed nodes ensure high availability and fault tolerance.

• Multi-Operator Access: Connects to over 200 operators for optimal network selection.

• Blockchain Integration: Uses smart contracts for asset management and payments.

• Decentralized Identity (DID): Assigns secure, personalized identities to devices.

Roadmap

• Q3 2024: Project launch, eSIM service, and Telegram Mini App.

• Q4 2024: Gamification, airdrop campaign, and co-branded eSIMs.

• Q1 2025: Xtella.AI launch and All Win Auction.

• Q2 2025: dNFT premint and XPIN PowerLink launch.

• Q3 2025: dNFT mint, staking mechanism, and up to 6x mining rewards.

• Q4 2025: XPIN PowerLink subscription platform, VIP services, and channel expansion.

• Q1 2026: XPIN BOX presale and B2B integrations.

• Q2 2026: XPIN Mini Base Station launch and community governance.

XPIN Network Tokenomics

The $XPIN token underpins the platform, with a total supply of 100 billion produced over 10 years, halving annually.

• Distribution: Marketing and Airdrop (12%), Public Sale (2%), Ecosystem Incentives (40%), Strategic Partners and Backers (16%), Team and Advisors (20%), Foundation (8%), Liquidity (2%).

• Use Cases: Mining rewards, AI agent interactions, node staking, product discounts, PayFi payments, and community governance.

XPIN Network Partners

XPIN Network collaborates with leading platforms like BNB Chain, OKX, Bitget, Bybit, Gate, IoTeX, CoinMarketCap, UXLink, and Trust Wallet to strengthen its ecosystem and expand global reach.

XPIN Network Team

Founded in 2024 in Singapore, XPIN Network is led by Founder and CEO Riva and Co-Founder and COO Roger Li, driving an innovative vision for decentralized communication.

Official Links

• Website
• X (Twitter)
• Whitepaper

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China Enters the Stablecoin Race

The move highlights Beijing’s ambition to strengthen the yuan’s role in international finance. Yet, experts warn the path is far from easy. The digital yuan has so far failed to gain traction, largely due to the dominance of Alipay and WeChat Pay in everyday transactions.

Martin Chorzempa from the Peterson Institute believes the most significant use case for a yuan-backed stablecoin could be cross-border payments. “If yuan stablecoins circulate, could this allow people to transfer money in ways they couldn’t through traditional banks?” he asks.

But the main challenge lies in trust. As Chorzempa notes, China is known for its anti-crypto stance. If this new stablecoin comes with the same restrictions and surveillance as the current yuan, it may struggle to compete with the US dollar, which remains far more freely usable.

Dollar Dominance Remains Hard to Break

The market challenges are just as steep. Patrick Tan, CEO of ChainArgos, points out that 98% of all stablecoin transactions are dollar-based. Despite China’s close ties to major crypto exchanges like Binance, OKEx, and Bybit, these platforms overwhelmingly rely on dollar-backed stablecoins.

According to Tan, the issue is structural: “If China wants to make the digital yuan attractive, it must first make the yuan itself attractive. That requires deep political and economic reforms, which under current conditions are extremely difficult.”

A New Front in the Global Contest

Whether China’s stablecoin initiative succeeds or fails, one thing is clear: stablecoins are no longer just part of crypto infrastructure. They have become tools in a larger geopolitical competition over the future of money.

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A Unified License for 27 Countries

Headquartered in Saint Helier, Jersey, CoinShares received its MiCA license through France’s financial authority, the Autorité des Marchés Financiers (AMF). This regulatory green light enables the firm to expand its crypto investment services into new European territories, building upon its existing operations in countries like Germany, the Netherlands, and Luxembourg.

With MiCA now added to its regulatory stack, alongside existing MiFID and AIFM licenses, CoinShares becomes the only major European digital asset manager to hold all three key financial permissions—setting it apart in the rapidly evolving crypto space.

Opening the Doors to a $38.7 Trillion Market

CoinShares CEO Jean-Marie Mognetti described the MiCA approval as a transformative step for both the company and the broader European digital asset ecosystem. “We now have a clear and harmonized regulatory framework across the EU. Being the first fully licensed digital asset manager based in continental Europe to meet these standards is a point of pride,” Mognetti stated.

The license could significantly enhance access to the $38.7 trillion European asset management market, facilitating broader exposure to regulated crypto investment products. This is particularly promising for institutional investors seeking compliant access to bitcoin, ethereum, and other altcoin holdings.

Leading Among Peers

While major global crypto exchanges like Coinbase, Bybit, OKX, and Crypto.com have also secured MiCA licenses, CoinShares stands out as the first digital asset management firm to obtain this approval. Its institutional focus positions the company as a pioneer in delivering compliant and secure crypto exposure across Europe.

Founded in 2013, CoinShares is publicly traded on the Nasdaq Stockholm exchange and currently manages more than $9 billion in digital assets. Following the MiCA announcement, the company’s stock rose 1.7%, reaching $12.66. Year-to-date, shares have surged over 46%, underscoring growing investor confidence in its long-term vision.

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Legal experts warn that investors may be misled into thinking they own actual shares when, in fact, they hold digital tokens issued by intermediaries—tokens that may not come with voting rights, dividend guarantees, or access to company information.

A Symbol, Not a Share: No Direct Rights to the Company

John Murillo, Chief Business Officer at B2BROKER, explains that holders of tokenized RWAs must understand what they’re buying. Most tokens do not provide:

• Ownership of underlying shares
• Voting rights
• Access to corporate financials

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Instead, they may merely represent the potential for capital gains or profit-sharing. This distinction became clear recently when Robinhood offered “private equity tokens” for OpenAI and SpaceX—prompting clarification that these were not actual company shares.

SEC and Crypto Titans: Toward Regulatory Consensus?

Despite the risks, the SEC under Chairman Paul Atkins has signaled a willingness to embrace tokenization. “Tokenization is innovation. We at the SEC should help advance innovation,” Atkins told CNBC.

Major exchanges like Coinbase are seeking SEC approval to offer tokenized stock trading. Others, like Kraken and Bybit, already support trading for over 60 tokenized public equities.

Meanwhile, blockchain platform Centrifuge has partnered with S&P Dow Jones Indices to tokenize the S&P 500—a move indicating how deeply tokenization is being explored by traditional finance.

Yet legal experts caution that without a comprehensive regulatory framework, incidents like the OpenAI token confusion will continue, potentially undermining trust in this emerging asset class.

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According to a statement made on May 29, Bybit, 1000X, CoinEx, OKX, and XT.COM will be inaccessible nationwide as of June 28. The SEC stated that the move aims to protect investors and take action against platforms allegedly involved in money laundering and other illegal activities.

In its announcement, the SEC urged users with assets on these platforms to take necessary steps before the June 28 deadline.

New Law Grants Authority to Digital Ministry

This decision follows the Royal Decree on the Prevention and Suppression of Technology Crimes, which came into effect on April 13 in Thailand. Under the updated framework, the Ministry of Digital Economy and Society (MDES) now holds the power to block unlicensed digital asset trading platforms.

Earlier in April, Thailand’s Cabinet approved amendments to emergency laws related to digital asset businesses and cybercrime. These changes aim to prevent foreign-based P2P crypto service providers from operating illegally within the country.

Complaint Filed Over Unlicensed Operations

Following its investigation, the Thai SEC concluded that the five platforms in question were operating without valid local licenses. This violates the Royal Decree on Digital Asset Businesses, prompting the SEC to file an official complaint with the MDES. The complaint is expected to result in these services being blocked throughout the country.

The regulator also issued a public warning about the risks of using unlicensed crypto services, emphasizing that such users are not protected under Thai law and may be exposed to scams and fraud-related risks.

Balanced Regulatory Stance on Crypto Continues

Thailand continues to take a measured approach to crypto regulation. In May, it was reported that the government is working on a solution allowing tourists to make crypto payments through credit card-linked systems.

Additionally, the Ministry of Finance plans to issue $150 million worth of digital investment tokens, enabling retail investors to purchase government bonds. In March, regulators approved the use of stablecoins like USDt from Tether and USDC from Circle on licensed crypto exchanges nationwide.

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How Did Telegram Shut Down Haowang Guarantee?  

Telegram banned all Haowang Guarantee accounts, channels, and NFTs. The platform served scammers in Southeast Asia, processing $27 billion in Tether’s USDT. Elliptic’s July 2024 report triggered the operation. Haowang was notorious for money laundering and “pig butchering” scams. Despite signs of fraud and USDT laundering, its groups and channels operated on Telegram for years. Following a Wired investigation exposing the scale of P2P crypto fraud, Haowang lost its Telegram presence.  

The platform stated, “As all our NFTs, channels, and groups were blocked by Telegram on May 13, 2025, Haowang Guarantee will cease operations.”  

Xinbi Guarantee: A New Threat  

Elliptic revealed that Telegram-based Xinbi Guarantee processed $8.4 billion in USDT transactions. Active since 2022, Xinbi saw $1 billion in inflows in 2024. Telegram also deleted Xinbi-linked accounts. However, criminal networks are shifting to new markets like Tudou Guarantee. Experts warn that these shutdowns may not fully resolve the issue. Elliptic’s co-founder Tom Robinson said, “This is a cat-and-mouse game. These are big mice,” noting that crime syndicates may move to new platforms or less-regulated messaging services.  

What Is Telegram Doing Against Crypto Crime?  

Telegram is proactively combating crypto crime, halting Haowang and Xinbi’s combined $35 billion transaction volume. Countries like Australia and Germany are also cracking down on similar platforms. Platform swiftly closes accounts violating its terms of service. However, experts caution that criminals may find new avenues.  

Similarly, Australia blocked over 90 scam platforms, and Germany shut down eXch, linked to the Bybit attack. The fight against crypto crime is intensifying.  

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Over the past week, Doodles NFTs recorded $2.6 million in total sales volume — a 368% increase compared to the previous week — making it the fifth-highest-selling NFT collection.

DOOD Token Airdrop and Exchange Listings

Doodles officially announced on May 7 that its long-anticipated DOOD token will launch on May 9 through a token generation event. The memecoin will initially launch on Solana and later bridge to Base.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The project will mint 10 billion DOOD tokens, with 68% allocated to the community: 30% for Doodles holders, 13% for the New Blood community, and 25% for the ecosystem fund. The team will receive 17%, and the company will receive 5%, both subject to a 1-year cliff and 3-year vesting period. The remaining 10% will be reserved for liquidity.

NFT holders can pre-register to receive an airdrop allocation. Major exchanges like Binance and Bybit have confirmed that they will list the token after it’s minted on May 9.

NFT Market Sees Overall Growth

As top collections like Doodles gain momentum, the total NFT market reached over $103 million in weekly sales — a 7% increase from the prior week, according to CryptoSlam.

Ethereum-based NFTs led the market with $26.5 million in sales, followed by Polygon at $19.1 million, driven by real-world asset platform Courtyard, which alone posted $17 million in weekly sales. Mythos Chain and Bitcoin NFTs also showed strength with $16 million and $12 million in volume respectively.

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Bearish Signals Strengthen for XRP 

On the daily chart, XRP is forming a bearish symmetrical triangle pattern. This suggests a potential 40% drop to $1.25. Additionally, transaction volume on the network is declining. 

Volatility Ahead of Fed Meeting 

Ahead of the Fed’s interest rate decisions, XRP faces a $55 million liquidation risk. Open interest has decreased by $500 million, falling to $3.8 billion, indicating shaken investor confidence. The XRP/BTC ratio is also at a three-week low, showing weakness against Bitcoin. 

Foreign Analysts’ Predictions 

Bank of America predicts XRP could reach $15 by 2030. However, in the short term, Bybit data reveals that $8 million in long position liquidations is fueling selling pressure. CryptoQuant notes that the MACD indicator has turned negative, but the 45% RSI level offers a slight chance of recovery. 

• Kraken analyst James points out that the MACD has turned negative, but the Bollinger Bands are narrowing. This suggests potential increased volatility. 
• A break below a support level (e.g., closing below $2.00 USD) could trigger a move toward the next support levels ($1.96 or $1.77 USD). 
• A breakout above resistance levels (e.g., $2.20 or $2.48 USD) could initiate a new uptrend. A breakout supported by volume increases the reliability of the move. 

Analysts predict that, thanks to Ripple’s technological infrastructure and institutional adoption, Ripple could test the $3.00–$4.00 USD range by the end of 2025. While XRP faces short-term pressure, it holds long-term potential. Closely monitoring the market is crucial. 

***NOT INVESTMENT ADVICE ***

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