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South Korean authorities detailed two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses totaling 7.1 billion won ($4.85 million). Findings from a trial in Seoul specify how traders used artificial strategies to deceive the market. The first method involved artificially inflating trading volume. Manipulators strategically placed buy limit orders above the market price while simultaneously setting sell limit orders below it. This created a false impression of high demand, leading traders to believe the token was experiencing organic growth. Reports indicate smart contracts automatically executed these orders, maintaining constant activity and masking the lack of genuine market interest. The second method involved creating fake buy pressure via spoofing. Manipulators placed buy orders at five price levels above the last traded price, designed to mimic real investor demand, only to automatically cancel them within three seconds. Repeating this process continuously misled traders about sustained interest, artificially driving up the price. Related: Binance Unveils 40th Launchpool, Supporting Fusionist (ACE) Token On April 3, prosecutors reportedly exposed how defendants manipulated ACE token prices using “hit” orders (loss-making trades to inflate volume) and spoofing (repeatedly placing and canceling fake buy orders). These tactics caused a 15-fold surge in daily ACE volume on Bithumb, with “hit” orders accounting for nearly 89% of the activity. Prosecutors noted the defendants also placed legitimate sell orders to liquidate coins entrusted to them, though these were not part of the manipulation charges. Authorities believe these manipulative strategies significantly contributed to investor losses, highlighting concerns over unregulated trading practices. The ongoing trial in Seoul will determine the legal consequences for those involved. Related: Coinbase CEO Sounds Alarm on Memecoin Market Scams Regulators worldwide may view this case as a precedent for stricter crackdowns on fraudulent market manipulation tactics within the crypto industry. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ripple’s stablecoin, RLUSD, recently caught attention following positive growth metrics detailed in its February monthly attestation report. That report showed RLUSD’s market cap reached approximately $170 million. This figure reportedly surpassed internal projections at the crypto custodian Standard Custody, prompting its CEO to forecast that RLUSD could potentially become a top 5 stablecoin by market cap by the end of 2025. Analysts now assess the factors supporting this potential growth trajectory. Several elements could contribute to RLUSD’s expansion, according to analysis shared by the Standard Custody CEO. The stablecoin is now available on additional exchanges, citing LMAX Group as one example providing wider accessibility. Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings RLUSD has also found utility within Decentralized Finance (DeFi) liquidity pools. Also, Non-Governmental Organizations (NGOs) like DIVA Donate and Mercy Corps Ventures reportedly use the stablecoin to streamline their charitable giving operations, demonstrating real-world adoption. For RLUSD to break into the top 5 stablecoin rankings by the end of 2025, it faces a significant climb. It would need to surpass the market capitalization of the current fifth-ranked stablecoin, FDUSD. At the time of writing, FDUSD’s market cap stood around $2.59 billion, based on CoinMarketCap data. RLUSD, meanwhile, ranked 12th with a market cap near $194 million. This difference implies RLUSD requires roughly 13-fold growth over the next nine months to overtake FDUSD’s current size (assuming FDUSD itself experiences no major growth). The dominant stablecoins USDT, USDC, DAI, and USDe currently occupy the top four positions. Related: Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System RLUSD operates as a US dollar-pegged stablecoin supported by both the XRP Ledger and Ethereum blockchains. According to Ripple, it is fully backed by reserves of cash and cash equivalents, making each RLUSD token redeemable 1:1 for US dollars through approved channels. Its potential ascent into the top tier depends heavily on continued adoption, expanding use cases, and favorable market conditions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitwise has announced that its Bitcoin Standard Corporations Index has two new entrants — Fold Holdings and Bitdeer Technologies. Bitwise Investments, a crypto index and exchange-traded funds provider, has added Fold Holdings and Bitdeer Technologies to the Bitwise Bitcoin ( BTC ) Standard Corporations ETF. The asset manager announced their inclusion via a post on X on March 25, 2025. Fold Holdings is a Phoenix-based Bitcoin financial services firm founded in 2019. Meanwhile, Bitdeer Technologies is a Nasdaq-listed Bitcoin miner with operations in the United States, Norway and Bhutan. Fold and Bitdeer join the Bitwise fund targeted at Bitcoin-heavy companies just days after its launch. With the two new additions, the ETF, which trades under the ticker OWNB, now includes 22 companies that hold at least 1,000 BTC in their treasury. “The fund does not invest directly in bitcoin or indirectly through derivatives that reference bitcoin,”Bitwise noted. According to Bitwise, the index tracks notable companies with Bitcoin as treasury assets, including Michael Saylor’s Strategy, bitcoin mining firm MARA Holdings, and Elon Musk’s Tesla. The top 10 companies in the ETF also include Riot Platforms, Metaplanet, and Semler Scientific. Metaplanet has been one of the more aggressive Bitcoin buyers, with its haul of 3,350 BTC reflecting a strategy similar to that of Strategy, formerly MicroStrategy. With OWNB now including 22 companies, the ETF collectively holds more than 648,000 BTC worth over $54 billion, accounting for about 3.2% of the total Bitcoin supply. Notably, Strategy held 506,137 BTC acquired for over $33.7 billion as of March 25, giving it the highest weight in the Bitwise Standard Corporations Index at 22.64%. MARA and Riot follow with weightings of 10.67% and 10.04%, respectively. Metaplanet is weighted at 5%, ranking as the fourth largest holding. Per Bitwise’s OWNB website, Fold holds 1,485 BTC worth roughly $130 million, while Bitdeer holds 1,039 BTC worth about $92 million.

BlackRock has launched its first Bitcoin ETP in Europe, marking its debut in crypto-linked ETPs outside North America, with a temporary 10 basis point fee waiver. American financial giant BlackRock is stepping into the European crypto market with its first Bitcoin exchange-traded product , which will trade under IB1T on Xetra and Euronext Paris and as BTCN on Euronext Amsterdam, marking its expansion beyond North America. According to a Bloomberg report on Tuesday, March 25, the so-called iShares Bitcoin ETP (IB1T) will launch with a temporary fee waiver of 10 basis points, reducing its expense ratio to 0.15% until the end of the year. Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, says the product reflects “what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold.” The launch follows the success of BlackRock’s U.S.-listed iShares Bitcoin Trust (IBIT), which amassed billions in assets and became the fastest-growing ETF in market history, allocating $48 billion in 2024, per data from VettaFi. While IB1T will initially have a fee waiver, it will eventually charge 0.25%, the same as CoinShares ‘ $1.3 billion physical Bitcoin product, Europe’s largest crypto ETP. In a commentary for Bloomberg, BlackRock confirmed that Coinbase will remain as its custodian for the physical Bitcoin backing the ETP. The product is designed for both institutional and informed retail investors and will be issued through a special-purpose vehicle based in Switzerland.

Rain, a global card issuing platform that uses stablecoins, has secured $24.5 million in funding led by Norwest Venture Partners. Additional participants include Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, alongside existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital. This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure. The company has experienced significant growth, with a 15-fold increase over the past year and transaction processing in over 100 countries, according to a company release . Rain has also achieved principal membership with Visa , facilitating card issuance across Europe, the U.S., and Latin America. Its vertically integrated issuing stack allows the operation of card programs worldwide, settling transactions in stablecoins. The platform allows businesses to issue physical and virtual cards linked to various wallet types or traditional fiat accounts, with support for native settlement on multiple blockchain networks. Norwest Venture Partners, a global investment firm with over $15.5 billion in capital, has a history of supporting fintech innovations. Their portfolio includes investments in companies like Plaid, which streamlines financial data access between banks and consumers. Parker Barrile, a partner at Norwest Venture Partners, highlighted Rain’s significance in the evolving financial landscape. He noted that the company’s platform merges compliance with the flexibility of digital currency, positioning it as a leader in the growing adoption of stablecoins. This funding underscores the increasing interest in integrating stablecoins into mainstream financial services, highlighting Rain’s potential to bridge traditional finance with the expanding digital currency ecosystem.