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The FIFA Blockchain is Coming: What Happens Next?

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  • FIFA Collect is upgrading to its own EVM-compatible blockchain around May 20th, 2025, promising better performance and new features for users’ digital collectibles.
  • Users with exported collectibles must re-import them before the migration; post-migration, only EVM wallets like MetaMask will be supported.
  • FIFA is also exploring a native coin launch before the 2026 World Cup, signaling a deeper dive into the digital finance space.

FIFA’s digital collectibles arm is leveling up, transitioning into an EVM-compatible blockchain. Until now, FIFA Collect was managed through a third-party provider. This marks its first direct dive into blockchain technology. The proposed upgrade is set to provide a better user experience, performance, and improved scalability.

Targeted for May 20th, 2025, a platform will announce a confirmed go-live date and clear instructions soon. For users, their digital collectibles will simply move to the new blockchain instead of FIFA Collect. While further details are awaited, the new chain will support new experiences, enable wallet compatibility, and provide stronger foundations for future innovation. 

FIFA
The FIFA Blockchain is Coming: What Happens Next? 2

Those who have exported collectibles are required to bring them back onto the FIFA Collect platform before the above deadline. Once the platform has migrated to the new blockchain, users will still be able to withdraw their stablecoin holdings such as USDC out of the platform but won’t be able to use them to buy new collectibles on the platform anymore. This indicates the new platform might use a different currency or payment system for purchases. 

Impact on Access, Listings, and a Glimpse into FIFA’s Digital Currency Plans

During the migration, users might face a temporary downtime of nearly 12 hours, which would be notified prior.  Also, wallets other than MetaMask or any EVM wallet will not be accepted after the migration.

Furthermore, listed collectibles will be automatically listed in the new platform unless delisted by the user before the migration date.

Notably, the football association is also exploring launching a digital currency, potentially called the “$FIFA Coin,” ahead of the 2026 World Cup. Market observers say this is a strategic play to boost fan engagement and tap into the emerging fintech space.

Read more: FIFA Partners up With Algorand for the 2022 World Cup

90% Chance? Crypto ETF Approval Mega-Update

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  • Analysts predict a strong 75-90% chance for spot crypto ETF approvals in 2025, led by index funds, Litecoin, and Solana.
  • Higher approval odds correlate with the SEC likely viewing the asset as a commodity and the existence of CFTC-regulated futures.
  • Filings from major firms like Grayscale and timely SEC acknowledgement of applications boost the predicted approval probabilities.

ETF analysts are fairly optimistic, predicting a 75-90% chance of spot crypto ETFs being approved in 2025. The digital assets that are assigned 90% approval odds belong to issuers like Grayscale, Bitwise, Hashdex, and Franklin Templeton.

As seen in the chart, the first 19b-4 filing date was October 15, 2024, and the final SEC deadline is July 2, 2025. The acknowledgement of the 19b-4 meant that the SEC likely considers the underlying assets as commodities, and CFTC regulation of futures is not applicable (N/A).

ETF
90% Chance? Crypto ETF Approval Mega-Update 4

Among the assets that are in the 90% approval category are spot Litecoin ETFs. Their filers are Canary, Grayscale, and Coinshares, with a first 19b-4 filing date of January 16, 2025, confirmed by the SEC. The final deadline is on October 2, 2025. Again, this indicates that Litecoin is seen as a commodity, and LTC futures are regulated by the CFTC.

Just like Litecoin, spot Solana ETFs have also secured a 90% probability of approval. The issuers include Grayscale, VanEck, 21Shares, Canary, Bitwise, and Franklin. The first 19b-4 filing was on January 24, 2025, which has been acknowledged. The final SEC deadline is October 10, 2025. Similar to LTC, the US regulator also considers Solana a commodity, and Solana futures are regulated by the CFTC.

Application Status and Issuer Credibility in ETF Approval Likelihood

Other notable predictions are XRP (85%), Dogecoin (80%), HBAR (80%), Cardano (75%), Polkadot (75%), and Avalanche (75%). Some key factors influencing approval odds are the SEC’s commodity view—assets framed as commodities appear to have higher approval odds. CFTC-Regulated Futures: An asset with a CFTC-regulated futures contract also influences the approval probability.

Besides that, the stage of the ETF application process, including the first 19b-4 filing date, SEC acknowledgement, and the final deadline, gives a timeline for potential decisions. Furthermore, the involvement of prominent asset managers like Grayscale, Bitwise, and VanEck adds to the credibility of the applications.

That said, the chances of approval are subject to market regulators. In short, ETF analysts are hopeful about the potential for spot crypto ETF approvals in 2025, with index funds, Litecoin, and Solana currently considered the frontrunners.

Related- SEC Delay on Dogecoin and XRP Crypto ETF Decisions

Trump Media’s New ‘Closed-Loop’ Crypto Economy

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  • Trump’s Truth Social plans a utility token for subscriptions and more, aiming to create a closed-loop crypto economy.  
  • Truth.Fi ETFs signal Trump Media’s expansion into digital assets, despite uncertainties in the volatile crypto market.  
  • Rewards program and wallet are proposed, but token specifics and tech details remain undisclosed by Trump Media.

Donald Trump’s Truth Social platform has set its sights on launching a utility token and a Truth+ Wallet, according to the official letter to shareholders. The proposed utility token will initially be used to pay for Truth+ subscription costs, with plans to expand its utility to “other products and services in the Truth ecosystem.”

For the uninitiated, a utility token grants users access to a product or service within a specific platform. A digital wallet, similar to other crypto wallets, allows users to store, manage, and use the utility token. The token’s initial use case will be tied to accessing content or features on the Truth+ streaming service. The broader utility might be a focus on a wide range of things like tipping content creators, buying merchandise, or accessing exclusive content.

Trump
Trump Media's New 'Closed-Loop' Crypto Economy 6

This proposal is being explored as part of a rewards program, suggesting incentives for using the platform and engaging with its features. By integrating blockchain and cryptocurrency into its Truth Social ecosystem, Trump Media is potentially crafting a closed-loop economy where the proposed utility token plays the central role in driving the ecosystem.

Trump Media: Expanding into Digital Assets with Truth.Fi ETFs

Still, this is in the “exploring” phase, as the letter doesn’t provide specifics on the token’s supply or its type, the underlying technology to be used, or any other use cases beyond the subscription payments. Additionally, the crypto space is subject to the evolving market and regulatory norms. It’s uncertain how the firm’s proposed utility token will navigate these changes.

Previously, Trump Media agreed to launch several Truth.Fi ETFs, enabling the firm to expand into digital assets and financial services. Trump Media CEO Devin Nunes believes the ETF launch will offer investors unique opportunities to profit from the growth of American markets and digital assets. Nunes says all these initiatives are part of an ambitious plan to promote U.S. industries and increase cryptocurrency adoption.

Read more: Why Trump Media’s $CRO Deal Is Causing a FIRESTORM

Ethereum’s Lost Potential? Crypto Legend Blames One Enemy

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  • Voorhees argues ICO-era tokens were valuable innovation stifled by regulation, hoping for a builder resurgence.
  • Ethereum’s late April price action shows improvement, but experts see sub-$2K as a significant buying opportunity.
  • Positive ETH price movement fuels speculation of a breakout, with experts calling it a “huge steal” below $2,000

Eric Voorhees, the founder of the DEX ShapeShift, shared his take on the ICO boom on Ethereum. He suggested that the proliferation of various tokens during the height of the Initial Coin Offering days was beneficial for society. According to the commentator, tokens are discrete, scarce, possessable digital assets, with Bitcoin and Ethereum being the ideal examples of this success.

However, he argues that the SEC’s enforcement approach, under the guise of regulating investments and protecting investors, stifled this innovation. Through their aggressive stance and initiating legal actions against major industry players, the security watchdog created an atmosphere of fear for projects trying to build real utility and offer economic incentives through their tokens, as these could be classified as securities.

SEC came along, believing its job was to tell American adults how to invest their own money, and through its process of opaque regulation by enforcement, it suffocated nearly all creative energy and entrepreneurship from continuing to iterate with this new primitive.

Due to such actions, many firms shifted abroad in search of friendlier shores, resulting in a mass brain drain. The only projects to survive this are the meme coins that have largely avoided SEC scrutiny. Meme coins, being inherently jokes without claims of real utility or economic rationality, have withstood many SEC actions. Voorhees cited the example of Solana becoming the go-to platform for meme coin growth.

Ethereum’s Breakout Potential: A Look at Market Sentiment

In essence, Voorhees is making the case that while the ICO era had its flaws, the underlying concept of tokens as a new economic primitive was valuable. He further hopes for a resurgence of serious builders and experimentation with tokens, believing that markets will always find ways to innovate.

Ethereum
Source: CryptoVirtuos

Looking at market sentiment, Ethereum’s price action has gained traction as the setup in late April appears positive compared to February and March. Experts, however, feel Ethereum’s current price level, which is below $2,000, to be a significantly undervalued buying opportunity.

Are we about to see a breakout in Ethereum? Ethereum’s current movement is pretty good compared to what we got in February and March. This still isn’t enough. Ethereum below 2K is still a huge steal. You wont be getting this chance more often.

Read More: Ethereum (ETH) Eyes Breakout: Will $2,200 Resistance Mark the Next Bullish Surge?

Shiba Inu Poised For a 500% Price Explosion

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  • Shiba Inu forms a bullish Inverse Head & Shoulders, hinting at a potential explosive price surge.
  • Analysts eye a $0.000081 target, a massive +512% gain if neckline resistance breaks.
  • Confirmation needs strong volume; broader market sentiment is also crucial for SHIB’s rally.

Shiba Inu’s price setup appears to be forming a distinctive Inverse Head & Shoulders, sparking anticipation among traders. This is a typical bullish reversal pattern that occurs after a period of downtrend and hints of an explosive upward movement.

Marked by a baseline (neckline) with three troughs (low points), the middle trough, or the head, is the lowest, and the two side troughs (the shoulders) are higher and roughly equal in depth. To put it simply, this pattern indicates that the selling pressure is diminishing and buyers are regaining control.

Shiba Inu is still holding in what looks to be a massive Inverse Head & Shoulders pattern and as prices look to be in the final shoulder of this pattern, a surge could be looming, and it could be towards our larger breakout target OVER +512% AWAY at $0.000081.

Shiba Inu
Shiba Inu Poised For a 500% Price Explosion 9

The analyst has also pointed out that prices seem to be in the final stages of forming the “shoulder” of this pattern. A decisive break above the “neckline” or the resistance level could signal the start of a substantial price rally. As seen in the chart, the so-called neckline connects the highs after the first shoulder and the head.

Shiba inu $0.000081 Target Alert

A target of $0.000081 has been identified in case of a successful breakout. This marks a whopping surge of over 512% from current price levels. However, traders should watch out for trading volume during the formation of the pattern, especially on the breakout above the neckline. A high trading volume bolsters the credibility of the signal.

Apart from technical patterns, the overall sentiment of the cryptocurrency market and Bitcoin’s price action can also significantly influence the price of SHIB.

At press time, SHIB is trading at $0.0000136 over the past day. With a price increase of 8.00% in the last 7 days, Shiba Inu is outperforming the global cryptocurrency market, which is up 2.60%.

Read more: Shiba Inu Signals Start of Powerful Bull Market, Targets 1,400% Growth

FTX Warning: Return Stolen Assets or Face Legal Fury

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  • FTX escalates legal action against NFT Stars and Delysium for allegedly withholding owed crypto assets.
  • The exchange urges other token issuers to return assets, warning of more lawsuits to maximize creditor recoveries.
  • This legal push coincides with FTX’s upcoming $16 billion cash distribution to creditors starting May 30th.

In a major step, FTX is ramping up legal pressure against uncooperative token issuers or counterparties who are stonewalling asset recovery efforts. As per the press release, the exchange named two firms, NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium), who have allegedly gone silent over handing over contractually entitled tokens. In the filing, it accused the firms of avoiding calls for engaging and seeking a resolution without litigation.

We urge token and coin issuers to return assets that rightfully belong to the exchange, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.

The FTX Recovery Trust is represented by Sullivan & Cromwell LLP as legal counsel and is aided by Alvarez & Marsal North America, LLC as financial advisor, Perella Weinberg Partners LP as investment banker, Quinn Emanuel Urquhart & Sullivan, LLP as special counsel, and Landis Rath and Cobb LLP as Delaware counsel.

$16B Payout Looms as FTX Sues for Missing Crypto

As of now, FTX is in the process of contacting numerous other token and coin issuers regarding its assets and has warned of additional suits against non-responsive parties. It urges these parties to respond timely to avoid litigation.

This legal development comes as the crypto exchange is gearing up for a significant payout, with $16 billion in cash scheduled for distribution to creditors on the 30th of May. Notably, small creditors have already begun receiving payments, offering a glimmer of hope after the platform’s dramatic crash in November 2022.

FTX
FTX Warning: Return Stolen Assets or Face Legal Fury 11

While the exact amounts individual creditors will receive hinge on the finalized claims process, this large-scale disbursement marks a huge step forward in the complex FTX saga. The news will be closely watched by the crypto community and those impacted by the exchange’s failure.

Read more: FTX Unstakes 186K SOL Tokens—Will the Market See Another Shock?

Cardano $2-$3 Incoming? Why This Expert Says Hold

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  • Cardano’s Big Pey questions spending 350M ADA now, citing immature governance tools and a potential ADA price increase.
  • Voting tool issues hindered secure key holders, with a rushed new platform adding to process concerns.
  • Relying on inflation-linked staking rewards for income is deemed unreliable for large treasury spending.

Cardano’s management of its treasury and the nascent governance process has come under intense scrutiny. Prominent community member Big Pey believes spending 350 million ADA of the treasury to fund various projects in 2025 is risky, especially in the early stages of decentralized governance.

I’ll be honest with you guys, I think ADA is about to run to $2-3, and we shouldn’t spend 350M of Cardano’s treasury before it does. While I believe there are many competent entities, dReps, and individuals in our community, I do not think we currently have an effective/efficient governance process or the required tooling to distribute 350M ADA.

According to him, the current governance tools and processes are not mature enough to deliver efficient and effective allocations of such a substantial amount. He also believes Cardano is poised for a price surge in tandem with the broader market conditions, so spending such a huge amount prior to that would be a bad idea.

Big Pey highlighted the challenges in the tooling and process. First, dReps, or Delegated Representatives, use CLI (Command Line Interface), a common practice for many stake pool operators, to protect their voting power. Secondly, majority members uses Gov(dot)tools, a platform where stakeholders vote for which projects would receive funds from the treasury.

Cardano Governance: Concerns Over Inflation-Tied Income

However, this website have a problem: people who kept their voting keys using CLI can no longer use it. Only people who kept their keys in an online wallet could vote. On top of that, the abrupt introduction of Ekklesia on a weekend gave validators like Big Pey little time to learn and cast their vote using the new tool. Many were using the old Gov(dot) tools, believing it is the official way to vote.

Furthermore, he argues that staking reward tax is not a reliable indicator for consistent income, as it’s tied to inflation and not actual transaction volume.

Cardano
Cardano $2-$3 Incoming? Why This Expert Says Hold 13

Considering all these issues, Big Pey thinks that the tools and the process are currently not ready to spend such a big amount, like 350 million ADA. Instead, he suggests spending a 200 million ADA budget for 2025 would be fiscally responsible, as it represents a 42% reduction in ADA expenditure in 2025.

Read more: Massive Cardano Bull Run Ahead? New Bitcoin Bridge Could Boost ADA’s Price

Coinbase Launch Bitcoin “Savings Account” for Big Investors – Up to 8% Returns

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  • Coinbase launches a Bitcoin Yield Fund (CBYF) aiming for 4-8% annual net returns in BTC, targeting institutional investors.
  • CBYF prioritizes lower risk through third-party custody and avoids high-interest loans and systematic call selling.
  • Backed by investors like Aspen Digital, CBYF launches May 1, 2025, for international investors, with a $1B capacity.

Coinbase has launched a proprietary Bitcoin Yield Fund (CBYF) that seeks a 4-8% net return in BTC per year, over a market cycle, with investors subscribing and redeeming in the asset. 

As per the announcement post, Bitcoin yield funds come in handy against traditional assets or staked digital assets such as Ether and Solana that do not generate yield. Additionally, a lack of institutional allocators creates a hurdle for investment and operational purposes. In such a scenario, Coinbase’s BTC fund aims to lower expected investment and operational risks, aligning with institutional investor risk appetite.

CBYF also uses third-party custody integrations for trading, significantly reducing counterparty risk. Additionally, its investment strategy avoids riskier high-interest bitcoin loans and systematic call selling.

The fund received major financial backing from several high-profile investors, like Aspen Digital, an FSRA-regulated digital asset manager based in Abu Dhabi, UAE. CBYF officially launches on May 1, 2025.

Additional CBYF details: 

  • Monthly fund open for subscriptions/redemptions, five business days’ notice.
  • $1 billion AUM estimated strategy capacity.
  • Qualified custodians.
  • Currently available for international investors (non-US).

Coinbase Targets Institutions & Baby Boomers with New Bitcoin Yield Fund

As institutional crypto adoption grows, Coinbase Asset Management provides solutions for institutional investors to engage with digital assets by blending traditional investment experience with digital acumen.

Proponents say that such a fund will appeal to Baby Boomers, a demographic that traditionally harbors conservative investments, and appealing to this generation would help unlock a significant amount of capital into the crypto market due to their vast wealth.

Coinbase
Coinbase Launch Bitcoin "Savings Account" for Big Investors – Up to 8% Returns 15

Research suggests Baby Boomers favor dividend paying stocks, bonds, CDs, and real estate for steady income Now, with Coinbase launching the Coinbase Bitcoin Yield Fund that seeks 4–8% net returns in BTC What will make the perfect narrative to get Baby Boomers to buy Bitcoin, and why is this a big deal? They are the wealthiest living generation in the history of humanity. It’s time to RAISE THE TARGETS

In related news, SoftBank and Tether are launching a new Bitcoin fund with $3 billion in seed capital. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake.

Is Federal Reserve REALLY Crushing Crypto?

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  • Caitlin Long criticizes the Federal Reserve for keeping one key anti-crypto restriction while revoking others, alleging it favors big banks.
  • The remaining Fed guidance blocks banks from holding crypto as principal and issuing stablecoins on public blockchains.
  • Long argues this gives large banks a head start with private stablecoins and hinders broader bank crypto services, urging legislative action.

The Federal Reserve has come under fire for its stance on cryptocurrency. Caitlin Long, the CEO of Custodia Bank, claims that the Fed had kept one key restriction in place, despite revoking four other pieces of anti-crypto guidance. Such selective bias has significantly impacted banks’ ability to engage with the crypto industry.

The one restriction in question was allegedly mandated during the Biden White House in January 2023, which she alleges strategically benefits large banks. As per the top exec, one of the crucial aspects of the guidance involved blocking banks from principal crypto activities. This clause restricts banks from directly holding or transacting in cryptoassets, even in small amounts needed for transaction fees (gas).

Federal Reserve
Source: Unsplash

Secondly, banks are blocked from issuing stablecoins on public, permissionless blockchains such as Ethereum. Long claims that the Federal Reserve prefers policy favoring private, permissioned blockchains over public, permissionless ones. This is in contrast to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), which have reportedly rescinded this preference.

How the Federal Reserve’s Move Benefits Large Banks Before Potential Law Change

By doing this, the Fed is empowering large banks to develop their own private stablecoins. While this advantage might be nullified if the federal stablecoin bill passes, Long believes it still gives big banks an unfair advantage until then.

When the #stablecoin bill becomes law, the Fed’s preference for permissioned blockchains will be overturned. So Congress should hurry up! because in the meantime, the Fed just gave the big banks’ private stablecoins a head start before the stablecoin market really opens up.

Considering all these, the FED’s omitting any mention of the crucial January 2023 guidance while announcing the rescission of four guidelines is seen as misleading. It hinders banks from offering broader crypto services like custody. In light of this, Long calls for public awareness and legislative action to counter this perceived regulatory bias.

Read more: Federal Reserve Eases Crypto Restrictions, Boosts Bitcoin Adoption

Token Unlock of $5M+ for SUI, OMNI in Next Week: Volatility Ahead

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  • A one-time token unlock exceeding $5M are expected for SUI, OMNI, OP, KMNO, ENA, ZETA, REZ, MEME, DYDX, GUNZ, and IOTA.
  • SUI leads cliff unlocks at $262.88M (2.27% supply), while OMNI unlocks 153.77% of its unlock supply ($40.43M).
  • Solana has the largest daily linear unlock value at $67.61M (0.09% circulating supply); SUI has both cliff and linear unlocks.

A major one-time token unlock exceeding $5 million in value is scheduled in the next seven days. As per Wu Blockchain, SUI, OMNI, OP (Optimism), KMNO, ENA (Ethena), ZETA (ZetaChain), REZ (Renzo), MEME, DYDX, GUNZ, and IOTA are the highlighted tokens. The following tokens will be released in a large amount of tokens at once, also known as Cliff Unlock.

Token Unlock
Token Unlock of $5M+ for SUI, OMNI in Next Week: Volatility Ahead 18

At $262.88 million, SUI is leading the token unlock, releasing 2.27% of its total supply. Worldpay’s token OMNI is set to unlock $40.43 million, a relatively smaller value but representing a whopping 153.77% of its unlock supply. OP ($24.22 million), KMNO ($14.30 million), and ENA ($13.95 million) are other notable one-time unlocks. Tokens like REZ and MEME also have preparations for significant unlock amounts, despite their dollar values being lower compared to SUI.

During the same period, the following set of tokens will be gradually release, known as Linear Unlock. Solana has the highest daily unlock value at $67.61 million, marking 0.09% of its circulating supply. WLD, TRUMP, and TIA are slated to unlock daily in the range of $19 million to $49 million. OG meme coin DOGE also has a large daily unlock amount (96.52 million tokens) but a relatively lower daily value ($17.09 million) and a small percentage of its circulating supply (0.06%).

One-Time vs. Gradual Token Unlock

Notably, SUI appears in both cliff and linear sections, indicating it has both a major one-time unlock and a continuous daily unlock. These daily token unlock amounts are over $1 million, while the total value of tokens to be unlocked is over $625 million.

For traders and investors, such events often signal increased market volatility, influencing price movements in the coming week. While the one-time unlocks can trigger supply-side pressure on some days, the linear unlocks could increase the circulating supply over the entire period. A high percentage of unlocked supply being released at once (like OMNI) can have a more immediate impact than a small percentage of the circulating supply being released daily.

That said, broader factors like market sentiment, project news, and overall market conditions will also play a crucial role in how these token unlocks impact each asset’s price.