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A federal jury has convicted Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, of wire fraud and money laundering related to the fraudulent marketing and sale of the cryptocurrency. The verdict was reached after a five-week trial in the Northern District of California, with Chief U.S. District Judge Richard Seeborg presiding. According to prosecutors, Andrade, 47, misled investors by falsely claiming that AML Bitcoin had advanced anti-money laundering technology and was nearing adoption by the Panama Canal Authority. In reality, no such agreement existed. Andrade raised millions through these misrepresentations and diverted over $2 million for personal expenses, including luxury cars and real estate in Texas. Federal agents traced investor funds through multiple bank accounts, leading to charges of financial fraud. Acting U.S. Attorney Patrick D. Robbins emphasized that deceiving investors for personal gain is unlawful and will be prosecuted. FBI Special Agent in Charge Sanjay Virmani and IRS Criminal Investigation Special Agent in Charge Linda Nguyen underscored the agency’s commitment to protecting financial markets from fraudulent schemes. Andrade is set for sentencing on July 22, 2025, facing up to 30 years in prison. His illegally acquired assets are subject to forfeiture.

Is the “Fat Protocol Thesis” – the long-held belief that blockchain infrastructure is more valuable than applications – finally dead? Arthur Cheong, CEO of DeFiance Capital, thinks so. He argues the once-popular investment principle has led to overvalued infrastructure projects and relatively undervalued applications that has stifled crypto investment beyond Bitcoin . The Fat Protocol Thesis claimed the primary value of blockchain technology lies in the underlying protocols, not the applications built on top. Cheong points out that successful applications today are reasonably valued at 5x to 15x price-to-revenue ratios, while blockchain infrastructure projects – many of which have seen minimal growth in recent years – boast massively inflated valuations, anywhere from 150x to 1000x price-to-revenue. “The speculative premium that once fueled the crypto infrastructure boom, he suggests, has finally collapsed,” he wrote on X. In other words, the market is waking up, and valuations are starting to make sense. Related: BLUR Token Holders Cry Foul as Price Tanks Despite Ecosystem Growth In 2021, Cheong himself supported the Fat Protocol Thesis, believing it was the dominant investment strategy. However, as the market matures, he now emphasizes real-world adoption. He points to once-hyped Layer 1 tokens like ADA, SOL, DOT, and AVAX. While they once had valuations exceeding $10 billion, many have struggled to sustain long-term growth. Back then, most of these projects raised funds at valuations below $100 million, making them attractive early bets for investors. But those days are likely gone. The “Fat Protocol Thesis” may have served its purpose in the early crypto days, but the market is rapidly evolving. Real value, Cheong argues, comes from actual utility, not just infrastructure promises. Applications that actually get used will naturally command higher multiples – that’s just how markets should work. This shift signals a major turning point in how crypto investments are structured. Related: Ledger Exposes Potential Security Flaw in Trezor Wallets Arthur’s comments reflect a growing sentiment in the market: investors are increasingly focused on utility and adoption rather than infrastructure hype. And for investors, this means a potential shift in where the real value lies. 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.

XRP continues to show signs of strength, holding above critical breakout levels and demonstrating resilience. As analysts closely examine its trajectory, they point to the potential for a significant price surge in both the short and long term. With a history of remarkable gains and growing institutional interest, XRP could be on the verge of an explosive breakout. Crypto General, a respected analyst, emphasizes that XRP’s ability to sustain its breakout level is a crucial indicator of strength. The price has successfully retested support levels, signaling its readiness for an upward move. A quick bounce from support could offer an excellent entry point for traders looking to profit from the next rally. In the short term, Crypto General targets $9, believing that XRP’s fundamentals and recent regulatory clarity in the U.S. will fuel further price surges. Analyst EGRAG CRYPTO highlights the historical performance of XRP as a key reference. The cryptocurrency previously reached $3.40, and achieving $10 would require just a 2.94x increase – an entirely feasible scenario given past trends. By comparison, Bitcoin saw a 21x surge in the last cycle, while Ethereum experienced a staggering 58x jump. XRP’s ability to generate a 35x return from its cycle low of $0.28 to $10 remains within reason. Related: XRP Price: From Moonshots to Lawsuits, the Debate Rages On One of the more positive factors riding to XRP’s momentum is the rising interest in XRP exchange-traded funds (ETFs). By now, 17 ETFs are in the pipeline and with institutional adoption expected to only accelerate, this provides further legitimacy and liquidity to XRP as an asset. Moreover, regulatory clarity is improving, with the U.S. Securities and Exchange Commission (SEC) easing off its legal battle against Ripple, allowing XRP to operate in a more favorable legal environment. Real-world use cases are expanding as well, as XRP’s efficiency in cross-border payments and settlement solutions gains traction. If adoption continues at this pace, a market capitalization between $500 billion and $700 billion would be a reasonable target in the near future. Reaching triple-digit prices for XRP is not out of the question, depending on its peak in this market cycle. EGRAG CRYPTO outlines several scenarios that could lead to such growth. A conservative scenario places XRP at $10-$20 this cycle, requiring only a 5x to 10x move to hit $100 in the next. An optimistic projection sees XRP reaching $27-$33, making a 3x-4x move to $100 a logical progression. Given that the cryptocurrency market is still in its early stages of adoption, this growth aligns with the broader expansion of blockchain technology into mainstream finance and commerce. Related: XRP Soars 16% as Franklin Templeton Files for ETF, SEC Delays Weigh XRP’s price action has seen short-term fluctuations, with a 1.47% increase in the past 24 hours but an 11.75% decline over the past week. As of press time, XRP is trading at $2.26 with a circulating supply of 58 billion tokens, bringing its market capitalization to approximately $130 billion. 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.

The cryptocurrency land is advancing quickly, with projects introducing groundbreaking solutions to enhance nearness, security, and scalability. From Pi Network mobile mining revolution to Hedera enterprise grade blockchain, Sui’s scalable base, and Toncoin’s decentralized advancements, these platforms are shaping the future of digital assets. Explore how each project is pushing the boundaries of blockchain technology and driving mainstream adoption. Current market: $1.71 Market cap:$12.2B Pi Network continues to expand its reach by offering a user friendly approach to cryptocurrency mining. Unlike traditional mining, which demands important statistical power, Pi allows users to mine tokens through a mobile application. This strategy increases accessibility and fosters mass adoption. The platform also supports a habitat of decentralized applications, enhancing real-world use cases. Current market: $0.2001 Market cap:$8.45B Hedera Hashgraph remains a major player in enterprise grade blockchain technology. The network addresses key control faced by traditional blockchain platforms, including slow performance and instability. By offering secure and efficient decentralized applications, Hedera provides solutions tailored for businesses and institutions. The network gained traction following its initial coin offering, which enabled early investors to acquire its native HBAR tokens. Current market: $2.29 Market cap:$7.28B Sui is building a blockchain infrastructure designed to support global adoption. The platform employs an object-centric data model and the Move programming language, enhancing efficiency and security. Sui focuses on improving the user experience by removing barriers commonly associated with blockchain interactions. Features like zkLogin and programmable transaction blocks streamline blockchain accessibility, allowing developers to create seamless Web3 applications. Current price: $2.77 Market cap:$6.88B Toncoin continues to advance as the native cryptocurrency of The Open Network. Originally developed by Telegram, the project underwent significant changes after Telegram ceased its involvement following a regulatory decision. Despite this, the network remains open source and is supported by multiple contributors. The TON Foundation, based in Switzerland, plays a key role in inspecting its development. The project aims to enhance scalability and separate while maintaining strong community support. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Aave Labs launches Horizon to integrate real-world assets into DeFi Aave Labs, the developer behind the decentralized lending protocol Aave $AAVE, has introduced Horizon, a proposal to bring real-world assets (RWAs) into decentralized finance (DeFi) through a regulated…