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Safe Online Casinos Australia – Most Trusted Australian Casino Sites (2025 Update)

May 13, 2025 by Vaigha Varghese

Your entire online gambling experience will depend on whether the casino you’re using is safe or not – so why run the risk of playing on a shady platform?

We’ve prepared a list of the safest online casinos in Australia and steered clear of any who didn’t pass our rigorous testing process. 

At the top of our list, we have Lunubet – a fully licensed online casino with fast and secure payment methods that won us out with its stunning welcome bonus and top-tier game variety.

Stick around until the end for a full breakdown of all secure Australian casinos that made the cut. 

Let’s dive right in!

Safest Online Casinos Australia

  • Lunubet: Best overall
  • MrPacho: Best for online pokies
  • Neospin: Frequent casino tournaments
  • Skycrown: A$8,000 welcome package
  • Ricky Casino: Fastest payouts
  • Kingmaker: Great variety of live dealer games
  • Casinonic: Best game variety
  • CrownPlay: Good for beginners
  • A Big Candy: Excellent mobile casino
  • Ignition: Top pick for poker

Heads up about our links! Adblock might get confused so please disable it if you have any issues.

That’s just a quick breakdown of the most trusted casino sites in Australia. Below, we will review the top 5 picks in-depth and help you select the best option for your needs.

1. Lunubet – Safest Online Casino in Australia Overall

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Pros:

  • A$750 sign-up deal with 200 bonus spins 
  • Over 6,000 online games
  • High payout rates
  • About half a dozen deals
  • Near-instant payouts with crypto

Cons:

  • Still a new casino site
  • No credit card withdrawals

The No. 1 safe casino in Australia. It’s exceptional how strong of a reputation this online gambling site has established in such a short time.

Casino Bonuses: 4.9/5

As a new player at Lunabet, you get a 100% match first deposit bonus worth up to A$750, combined with 200 free spins and 1 Bonus Crab.

The fun doesn’t stop there because regular players get plenty of reload bonuses and cashback deals. This includes the A$1,050 Weekend Reload with 50 FS and an interesting 25% live cashback worth up to A$300 – very cool if you’re into live dealer games.

Real Money Casino Games: 4.9/5

Lunubet hosts 69 software providers on its platform, amassing a collection of 6,000+ online casino games.

This includes reputable software studios like BetSoft and Microgaming, as well as Pragmatic Live if you’re into live casino games.

If you’re looking for a mix of high payout rates and large jackpots, Pine Of Plinko delivers the goods with a massive 96.94% RTP rate.

Reputation and Customer Support: 5/5

This safe Australian online casino has a Curacao eGaming license. It has a dedicated Responsible Gambling page and transparent, easy-to-understand T&C and Privacy Policy pages.

The best Australian online casino for safety sticks to reputable payment solutions like Visa, Mastercard, Skrill, and Neteller, but you can also use major, established cryptocurrencies like Bitcoin and Litecoin.

We like that you can access the live chat or Help Centre for support from any page on the site, 24/7. Email communication is also an option, of course.

Overall Score: 4.95/5

It’s pretty amazing how fast Lunabet established a reputation as a safe online casino since it was launched only in December 2023.

But since the team behind this online casino has a strong presence in the online gambling industry, it’s not that surprising. They know how to get the job done properly!

Grab the A$750 welcome bonus with 200 FS and 1 Bonus Crab

2. MrPacho – Most Trusted Online Casino in Australia for Pokies

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Pros:

  • About 80 software studios
  • Online slots with 97% RTP
  • A$750 deposit bonus with 200 extra spins
  • Thousands of online pokies, six-figure jackpots
  • Dedicated on-site mobile casino app

Cons:

  • Some players don’t like the cartoony vibe
  • Deposit limits if using cards

MrPacho is the safest online casino in Australia if you’re looking to play pokies. This platform has thousands of them, sourced from industry-leading providers.

Casino Bonuses: 4.6/5

Upon joining MrPacho, you get a 100% match deposit bonus worth up to A$750 with 200 free spins. As you get accustomed to the casino site, you can claim the 50 free spins Weekly Reload Bonus.

Or, there’s a 15% Weekly Cashback worth up to A$4,500, not to mention a dedicated cashback deal for live games and the 100 Free Spins promo available every single Sunday.

Real Money Casino Games: 4.8/5

OK, about 80 software providers, wow! And there’s even a dedicated section for online sports betting on the side – double wow!

The package includes several hundred live dealer games. If you are looking for a mix of high RTP and large jackpots, we recommend trying one of the 150+ online pokies from BGaming. The best part is that you can even play these online pokies with payID.

Note that weekly slot tournaments are also available, with bets starting as low as A$0.50.

Reputation and Customer Support: 5/5

Licensed by Curacao eGaming and fully SSL-encrypted, MrPacho checks all the key boxes that a legit online casino should have. The platform was launched in mid-2023 and keeps its affairs transparent. All info is easy to access, including the Responsible Gambling page and the T&Cs.

You can find support from anywhere on the website, and we appreciate the addition of the Complaint Procedure page in the footer menu.

Assistance is available 24/7 using the on-site live chat or the dedicated email address.

Overall Score: 4.8/5

The only complaints we had during our casino review process are that not everyone is into the slightly cartoonish design and that high rollers can’t deposit more than $3,100 per transaction with cards.

The pros significantly outweigh the cons here, and since MrPacho is first and foremost a 100% safe online casino, all we can do is give it a thumbs up!

Double your deposit with A$750 welcome bonus and 200 free spins 

3. Neospin – Safest Online Casino in Australia to Play Tournaments

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Pros:

  • Up to A$10,000 welcome bonus
  • 5,800+ games in total
  • 66% reload bonus every Friday
  • Highly rated in the online casino community
  • Frequent pokie tournaments

Cons:

  • 2.5% fee on FIAT withdrawals
  • High withdrawal minimum for bank transfers

Neospin was only formed in 2022, but it’s already become the ultimate safe online casino Australia has to offer.

Casino Bonuses: 4.8/5

One of the most exciting things about the safest online casino in Australia is the welcome bonus package, which can be worth up to A$10,000 in bonus funds if you choose to max it out. That’s a huge amount of bonus cash, but there’s more.

Every Friday, the safest online casino Australia is offering all of its customers a 66% match deposit reload up to A$1,000, and that’s just one of the many weekly offers they’re running right now. 

From time to time, you can participate in exciting pokie tournaments at Neospin. At the time of writing, it offers 6 different events including Drops & Wins with A$3,000,000 prize pool.

Real Money Casino Games: 4.6/5

The total number of online casino games at Neospin stands at over 5,800, but by the time you get around to reading this, it could be a whole lot more than that, as they’re constantly adding the latest and greatest games.

Right now, you’ll be able to play tons of real money pokies from NetEnt, Play N Go, and some awesome live dealer games from the likes of Evolution Gaming.

If you want to elevate your experience at the most trusted Australian online casino, we recommend downloading the app to either your mobile or desktop device. It looks better, runs smoother, and is generally more immersive to use than the regular website.

Fun fact: Neospin is also one of the best PayID online casinos in Australia right now.

Reputation and Customer Support: 4.8/5

A quick glance at Neospin reviews across the web will reveal how well-received it is by Australian casino game players. There’s a lot of love for this online gambling site out there, and we can totally understand why.

Neospin is also a very secure online casino, as all of your personal information will be heavily encrypted in order to protect it from getting into the wrong hands. And if you’re concerned about anything, there’s a 24/7 live chat customer support option. 

The only problem is that if you want to withdraw with AUD, you’ll need to do so via bank transfer, and this incurs a 2.5% fee. The only way to get around this is to gamble with crypto instead, and there are a lot of options in that department, such as Bitcoin, Dogecoin, and Tether.

Overall Score: 4.75/5

It’s pretty remarkable that Neospin has risen to become arguably the most legit online casino Australia has to offer in such a short time of existence. Its attention to detail, safety, and incredible content make it the best place to play games in Australia right now.

Claim your $10,000 welcome bonus and 100 free spins

4. Skycrown – Safest Australian Casino Site for Bonuses

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Pros:

  • Up to A$8,000 welcome bonus +  400 FS
  • Average payouts in 12 minutes
  • Over 7,000 games in total
  • Thousands of online pokies
  • 70+ software providers

Cons:

  • Game navigation is slightly confusing 
  • No match deposit bonuses during the week

We love a safe Australian online casino with a high-quality welcome bonus, and the best option for that is Skycrown.

Casino Bonuses: 4.8/5

Skycrown’s welcome bonus really is the pick of the bunch – it’s worth up to an almighty A$8,000 in bonuses, and you even get 400 free spins thrown in on top of that!

There are many ongoing offers for regulars as well. For example, you could get 50 free spins or a midweek 50% bonus, 99 free spins every Friday, and 10% cashback, just to name a few. 

Real Money Casino Games: 4.6/5

You’ll be able to play all the best-paying online pokies Australia has to offer, as Skycrown has a particularly strong collection of software providers. 

A couple of titles that stood out to us are the classic Wolf Treasure by IG Tech and Playson’s excellent (also animal-themed) Buffalo Treasure 2: Hold & Win.

They make up most of the 7,000+ game portfolio. Outside of pokies, you’ll find a ton of live dealer games from Atmosfera and TV Bet, amongst others, and some neat video roulette and blackjack games.

Reputation and Customer Support: 4.8/5

Most players across public review sites are very satisfied with their experience with this safe online casino Australia, and a big part of that is the heavy encryption and helpful customer support available 24/7. You’ll need an account to access the live chat feature, though.

It should also be noted that this safe casino is also one of the top instant withdrawal casino sites, and this shows us even more that they are a highly trusted Australian online casino. The average withdrawal request processing time here is just 12 minutes. 

Overall Score: 4.75/5

Trusted Australian online casinos with welcome bonuses as strong as Skycrown’s do not come about often! We’re mighty impressed with the A$4,000 offer and the brilliant range of games you can play with it.

Enjoy up to A$8,000 sign-up bonus and 400 spins

5. Ricky Casino – Most Trusted Online Casino Australia with Fast Payouts

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Pros:

  • 2,000+ casino games
  • A$7,500 welcome bonus
  • 550 free spins included in the bonus
  • Near-instant crypto payouts
  • Hosts regular tournaments

Cons:

  • Home page is a bit cluttered
  • Customer support is sometimes slow

Looking for the safest online casino with fast payouts? Then make sure to check out Ricky Casino – all crypto payouts are processed instantly here!

Casino Bonuses: 4.75/5

We were very impressed with the bonuses and promotions available for Ricky Casino users.

As a new player, you can score a generous welcome package of up to A$7,500 – and that’s just the beginning! You’ll also get an additional 550 free spins with this offer!

For existing users, this safe Aussie online casino hosts various tournaments with some of the best prizes, which make your gaming experience even more exciting.

Real Money Casino Games: 4.7/5

We counted over 2,000 safe casino games at Ricky Casino – and these are not random titles. They are some of the best titles from leading providers in the industry, so you know the quality is always guaranteed.

By partnering up with providers like BGaming, BSG, IGT, Mascot, and other well-known names, this safe online casino Australia site guarantees the safest gaming experience for its users.

Some of our favourite titles available for Ricky Casino users include Luck of Tiger, Sun of Egypt 2, Big Wild Buffalo, Sun of Egypt, and Aztec Fire 2.

Reputation and Customer Support: 4.7/5

Ricky Casino might be a new AU gambling site but it has already become one of the most popular safe online casinos among Aussie punters.

It was established in 2021 under the umbrella of Dama N.V. and Friolion LTD. Their website conveniently provides all the information about the casino, which is always nice to see.

Need some help? No worries – customer support is available 24/7 via email and live chat at this Australian safe online casino. The only downside here is that there’s no phone line available and, at times, the customer support is a bit slow.

Where it shines the most, however, is in its fast casino payouts – all the crypto withdrawals are processed instantly here, and others take less than a few banking days.

Overall Score: 4.7/5

It’s exciting to have such a high-quality trusted online casino in Australia – and the fast payouts make everything even better.

How We Ranked Safe Online Gambling Sites Australia

Casino Bonuses

Besides safety, you should also find great bonuses at the best real money online casinos in Australia, like free spins and matched deposits, both as welcome offers and reload promotions. The more of these, the merrier, but trusted online casinos should never hit us too hard with terms and conditions.

Real Money Casino Games

Whether you’re looking to play online poker, spin the pokies, or enjoy a game of blackjack, legit online casinos in Australia have it all. We focused on sites that offer a wide range of games, from classic table games to the latest video slots. Safe and reputable online casinos ensure a fun and fair playing experience, no matter your game of choice.

Reputation and Customer Support

The legit online casinos in Australia need to be well received by other players in terms of online reviews, so we’ve been checking those out to see what other people have to say about them. We’ve also tested the customer support teams to find out if they’re responsive and helpful.

Safety & Security

Naturally, our research largely focused on the safety and security of reputable online casinos in Australia. We checked their licenses and considered the safety guidelines they follow. In the end, we ended up with the top 10 safest casino sites you can use in Australia right now.

Mobile Experience

Last but not least, we also checked the mobile-friendliness of safe Aussie online casinos. Our top picks offer users an excellent gaming experience on the go.

Why Is Lunubet the Safest Australian Online Casino?

Lunubet has gained the trust of players all across the nation and is considered the top Australian online casino, despite only being there for under two years. So how has it done that? 

These are the key factors in that process:

  • Incredible game catalogue: There are over 6,000 casino games to play at Lunubet, which is more than enough for anyone. And the best thing about the games is that the vast majority of them are great titles, so you won’t have to search around for quality. 
  • Abundant bonus offers: The welcome bonus itself here is mighty impressive, with up to A$750 being given away to all new players with 200 free spins and 1 Bonus Crab. But then the promos just keep on flowing, the best of which is a weekly reload bonus worth up to $1,050 with 50 free spins.
  • Plenty of deposit methods: The safest online casino Australia site supports a very wide range of secure payment methods, and it doesn’t charge transaction fees across the board.
  • High praise online: We can tell that Lunubet is one of the most reputable online casinos in Australia just by taking a look at what other players have to say about it. It’s difficult to find a single bad review!

Trusted Online Casinos Australia: Pros & Cons

What is it about safe online casinos in Australia that’s so great anyway, especially in comparison to regular brick-and-mortar casinos? Here are the biggest pros and cons to consider:

Pros

Better bonuses: Many safe Australian online casinos offer welcome bonuses and free spins, which are pretty hard to get when you’re playing at land-based casinos.

More games: There’s simply going to be a better choice of games online than at a land-based casino, with thousands of titles ready and waiting at each casino site.

24/7 gaming: What’s the point of adhering to the opening times of a real-world casino when you can game all night long online if you want to? The best online casinos in Australia will also have customer support available at all hours.

Progressive jackpots: If you want to have a chance of winning the biggest bucks from the smallest stakes, then progressive jackpot pokies are one of your best bets.

Cons

Less Social Interaction: Even though online casinos offer convenience and privacy, they lack the social interaction that physical casinos offer. This can make the gaming experience feel more isolated for some players.

Overwhelming Choices: With so many online casinos available, players can sometimes feel overwhelmed by the choices. This might lead to decision fatigue or difficulty in selecting the most trustworthy platform.

Common Issues with Non-Secure Australian Online Casinos

Online casinos that are not secure come with a host of security issues that can seriously jeopardize your personal and financial safety. That’s why we need to cover them right now.

  1. Lack of Encryption: SSL encryption is a must if we are talking about secure online casinos. Without it, gambling websites can expose your sensitive information to potential cyber threats.  To verify security, simply look for a padlock icon in the browser’s address bar and check that the URL begins with “https.”
  1. Absence of Licensing: Every trustworthy online casino displays its licensing info, visibly, usually in the footer menu. Some of the widespread reputable regulatory bodies include Curacao eGaming and the Malta Gaming Authority, aka the MGA.
  1. Rigged Games: Unsafe online casinos can manipulate their games to unfairly skew odds against casino players. To avoid this, play games at online casinos that undergo audits by trusted organizations like eCOGRA. These audits basically confirm game fairness and that the Random Number Generators used by the online casino are indeed random.
  1. Poor Customer Support: Before committing to any online casino site, test their support services. Use live chat, email, or, if available, the traditional phone. Look for 24/7 service, too.
  1. Unreliable Payment Methods: It’s wise to check that an online gambling site you’re considering supports established payment providers like PayPal, Visa, or MasterCard. Check the fees and payout conditions, too. All terms must be transparent.

Safest Online Casino Games in Australia

When choosing a game to play at an online casino, safety isn’t just about avoiding scams – it’s also about understanding the odds, playing responsibly, and picking games that offer fair and transparent gameplay.

Here are some of the safest and most trusted casino games Australians can enjoy online.

Blackjack

It’s safe to say – online blackjack in Australia can be found in every corner. It is one of the safest casino games because it has one of the lowest house edges when played with basic strategy. It’s a game of both skill and chance, and since the rules are standardized, it’s easy to verify fairness, especially at licensed online casinos using RNGs or live dealers.

Roulette

European Roulette is a popular and safe option due to its transparent rules and better odds compared to the American version. The presence of only a single zero slot reduces the house edge, making it a more favorable and fair game for players.

Video Poker

Video poker combines elements of slots and traditional poker, but with much better odds. Since outcomes are determined by RNGs and pay tables are visible, it’s easy to find games with a low house edge and consistent payouts, making it one of the safest digital options.

Baccarat

Simple rules and predictable outcomes make baccarat a safe bet for Australian players. The game has a low house edge, especially when betting on the banker, and is less prone to manipulation thanks to its straightforward mechanics.

Pokies

While pokies are luck-based, they can be safe if you’re playing licensed games from reputable providers like NetEnt, Microgaming, or Playtech. These games are tested for fairness and use Random Number Generators certified by independent auditors. You can find slots at all the best payout casinos in Australia and elsewhere.

Safe AU Casino Banking Options

When it comes to online casinos in Australia, secure and reliable banking is a must. Whether you’re depositing funds to play or cashing out your winnings, choosing the right payment method can make all the difference in your experience.

Below are some of the safest and most popular banking options for Aussie players:

PayID: PayID is a fast, free, and secure way to transfer money using just a mobile number or email address linked to your bank. It’s offered by many Australian banks and allows near-instant deposits and withdrawals at supported online casinos.

POLi: POLi lets you pay directly from your bank account without using a credit card. It’s operated by Australia Post and works with most major banks. It’s ideal if you want to avoid card payments while keeping your banking details safe and private.

Credit & Debit Cards: Still one of the most common choices, credit and debit cards offer a familiar and widely accepted method for casino transactions. They’re secure and easy to use, though withdrawals may take a few business days depending on the casino.

Cryptocurrency: For players who value privacy and fast withdrawals, crypto is becoming a go-to option. Many AU-friendly casinos now accept Bitcoin and other coins, offering secure blockchain transactions with minimal fees and no bank involvement.

Safe Online Casinos Australia – FAQs

What’s the Most Legit Online Casino Australia Has to Offer?

The safest online casino Australia has to offer right now is Lunubet. It has a great reputation and top security measures to keep your information private. It’s also fully licensed in Curacao and offers quick payouts.

How Do I Find a Safe Online Casino in Australia?

It’s good to look for reviews from other players to find out if a casino is safe or not, as you’ll spot any red flags this way. You can also check to see if a real money casino is encrypted and even give the customer support team a trial run before you deposit any money.

Of course, the most important thing is to check whether the casino is licensed or not – as unlicensed online casinos cannot be deemed as ‘safe.’

What’s the Safest Casino Game at Trusted Australian Online Casinos?

All the games at real-money Australian online casinos that are powered by famous software providers are completely safe to play, with 100% randomized outcomes on each wager. 

But to have the lowest risk of losing money, you should opt for a game with a high RTP, such as blackjack or real money roulette.

How Do I Know if an Australian Online Casino is Safe?

To find out whether an online casino is safe, check its licensing. The safest online casinos in Australia are usually licensed by reputable bodies.

Then, check out user reviews and feedback from other players. This way, you’ll be able to find safe online casinos Australia that are reputable among players. Also, take a look at the safety and security measures the casino has taken and see how they protect your data.

Do Safe Australian Online Casinos Track Your IP?

Yes, safe online casinos do track your IP address. They do this to verify your location, which is needed to comply with regulations but also prevent fraud and protect the security of online casino players. This also prevents creating multiple casino accounts from the same IP.

How Can I Know if an Australian Online Casino is Rigged?

First, look for reputable online casino licenses like the MGA or Curacao eGaming. Then, check for independent audit certifications from eCOGRA and similar bodies. The site needs to point out that RNGs are indeed verified. Also, the presence of provably fair games is a good sign.

Top 5 Legit Online Casinos in Australia – Quick Comparison

Join us as we look back at our top five safe online gambling sites in Australia one more time.

Lunubet: The most trusted online casino Australia has to offer right now. The platform hosts online casino games from reputable studios only and sticks to safe payment methods with a A$750 deposit bonus that also includes 200 FS and 1 Bonus Crab.

MrPacho: The top pick for fans of online pokies. The online casino site is stacked with thousands of titles sourced from industry-leading software providers. RTP rates go above 97% and the welcome bonus is worth A$750 with 200 free spins.

Neospin: This is the most trusted online casino Australia has to offer for casino tournaments. New players can claim a massive $10,000 welcome bonus and then use it to explore over 5,000 real money casino games.

Skycrown: The absolute best welcome bonus amongst all safe online casinos can be found at Skycrown. It’s worth up to $8,000 in matched deposits, and you’ll get 400 free spins as well.

Ricky Casino: Looking for the fastest payout online casino? Then make sure to have a look at Ricky Casino – don’t forget to activate their welcome bonus of up to A$7,500!

How to Sign Up At the Top Safe Online Casinos in Australia

Here’s a look at the steps you’ll need to take to create an account at the most trusted online casinos in Australia. We’ll use Lunuspin to give you an example.

Step 1: Choose an Online Casino

  • Take a look at our list of the safest online casinos
  • Visit Lunubet or choose another casino from our list
  • Click the green Sign-Up button

Step 2: Create a New Account

  • Write down your email and create a password
  • Click ‘Next’
  • Fill out the 2nd form
  • Accept the T&Cs
  • Click ‘Sign Up’

Step 3: Verify Your Account

  • Open your email address
  • Find the email sent to you by Lunubet
  • Click on the link within to verify your email

Step 4: Make the First Deposit

  • Open the deposit section once your email has been verified
  • Choose a payment method
  • Follow the instructions to deposit
  • Toggle the ‘Use Bonuses’ switch (optional)

Step 5: Play Online Casino Games

  • Open the Game Lobby
  • Choose a game you want to play
  • Have fun playing at safe online casino sites!

Tips for Using the Best Safe Online Casinos in Australia

Try Free Casino Games

Some safe Australian casinos online let you play a lot of their games for free in demo mode. This has two key benefits: allowing us to find out if the game is actually worth our money and giving us some practice if the game is more complex than just spinning some reels. 

Spread Your Bets When You Can

When playing at safe Australian online casino sites, remember that games like roulette allow you to bet on multiple things simultaneously instead of putting all your eggs in one basket. That’s better because you’re more likely to win and have some fun in the process.

And even if you’re playing pokies at trusted Australian online casinos, it’s best to bet little and often instead of putting down fewer, bigger stakes.

Look for the Highest RTPs 

High RTP games at legit Australian real money gambling sites mean that they offer better payouts over time, so look out for games like blackjack and roulette, which have RTPs as high as 99% sometimes! 

Set Your Budget and Stick To It

Make sure you never spend any more money than you can afford to lose. Set a budget for each online gambling session you jump into and make sure you never spend any more than that. 

Use Safer Gambling Tools

The top online casinos will always have features to help protect you, and their loyal customers. These could include deposit limits, time check-ins, or even self-exclusion periods, and we encourage you to take note of them.

So, What Are the Best Safe Online Casino Sites in Australia?

We’ve picked 10 fantastic safe online casinos for Australian players, with Lunubet at the top of our list. 

It’s the most reputable online gambling site in Australia, offering top-tier games and bonuses with fair terms. It’s not too far ahead of the rest of our top picks, though – as all of the online casinos listed in this guide are fully licensed and safe to use.

It’s just a matter of choosing one based on your preferences. 

Wherever you end up playing, remember to gamble responsibly and have fun!

The information on this site is for entertainment purposes only. Playing online casino games should always be about fun. Please remember that our guides and all gambling sites are only for people who are 18+. Also, check with local laws to find out if online gambling is legal in your area.

If you have a gambling addiction problem or anyone you know does, call the National Gambling Helpline at 1800 858 858. In addition, the following free gambling addiction resources can be of help:

  • https://www.gamblersanonymous.org/
  • www.gamblinghelponline.org.au
  • https://www.gamblingtherapy.org/

Filed Under: News, Press Release

MANTRA’s OM 15X Surge Potential After Massive Crash

April 18, 2025 by Lipika Deka

  • The OM token plummeted 90% in four hours, wiping out $5 billion in market cap and sparking rug pull rumors later denied.
  • On-chain data shows large OM transfers to Binance and OKX pre-crash, raising insider trading suspicions denied by involved parties.
  • CEO Mullin will burn $236M in team tokens to restore trust; recovery hopes draw parallels to SOL and LUNA’s rebounds.

The MANTRA token OM remains down by 8% in the last 24 hours. Its recent collapse wiped out over $5 billion in market cap. Beginning on April 13, the token fell from over $6 to as low as $0.5 in just four hours. The ensuing incidents only added more fuel to the fire.

Shortly after that, a deleted Telegram channel sparked rugpull rumors, which turned out to be a fake account. As speculation grew, the Mantra CEO John Patrick Mullin blamed “reckless forced closures led by centralized exchanges” as the main culprit.

However, on-chain data showed that 43.6 million OM (worth $227M) were moved into Binance and OKX in the days leading up to the crash. Two of the addresses belonged to Laser Digital, a strategic Mantra investor. This has raised suspicions of market manipulation and insider trading, claims strongly denied by both parties.

Mantra and OM’s Path to Rebuilding Trust

Crypto exchanges like Binance termed the incident as a result of cross-exchange liquidations. Others called it “a big scandal” and claimed that suspicious wallet activity began in March.

Laser Digital denied ownership of the wallets tagged by Arkham, calling them mislabeled. Lookonchain found a wallet labeled as belonging to Shane Shin, a founding partner of Shorooq Partners, which received 2 million OM shortly before the collapse.

Mantra
Source: @MattOMExplorer

To restore trust, CEO Mullin has announced the burn of $236 million worth of OM tokens originally allocated to the project’s core team. As for OM, some believe it has a quick shot at getting back to a $2 billion+ market cap. Just like how Solana (SOL) dropped to $9 post-FTX, it has risen by 15 times and is now trading at $133. LUNA, too, went from near zero to $0.147, almost a 1000x surge.

While OM’s collapse raises serious questions about crypto market integrity, the token burn and historical recoveries like Solana’s suggest a potential comeback for investors willing to take the risk.

Filed Under: Altcoin News, News Tagged With: LUNA, Mantra (OM), Solana (SOL)

Ethereum Dips as Galaxy Digital Sends $40M in ETH to Binance

April 16, 2025 by Kashif Saleem

  • Galaxy Digital shifted 25,000 ETH worth over $40 million to Binance in just three days.
  • Ethereum dropped from $1,677 to $1,623, raising concerns of institutional sell-off pressure.
  • Bear flag pattern and RSI below 50 hint at possible drop toward $1,100 support level.

Michael Novogratz’s investment firm, Galaxy Digital, has transferred a total of 25,000 Ethereum (ETH) worth over $40 million to Binance in the last three days. This development has raised concerns among market participants regarding the potential impact of large institutional sell-offs on Ethereum’s price.

The first set of transactions took place on April 12, involving two deposits of 4,500 ETH and 8,000 ETH, valued at approximately $7.11 million and $12.63 million, respectively.  On April 14, the firm carried out similar transfers of 2,500 ETH worth $4.05 million, followed by another 10,000 ETH worth $16.32 million.

ETH 16
Source: Lookonchain

During the recent transfer, Ethereum saw a noticeable price decline, dropping from $1,677 on April 14 to $1,623 at the time of writing. The correlation between the asset transfers and the price dip has led analysts to suggest that large-scale transactions like these could have a direct influence on short-term market performance and trader behavior.

Galaxy Digital’s Broader Crypto Transfers

Alongside the Ethereum transfers, Galaxy Digital moved substantial amounts of stablecoins and altcoins. The firm transferred 5 million USDT (Tether) to Binance, along with 100,000 USDC and a smaller amount of Avalanche (AVAX) worth $1,000. 

Despite recent outflows, Arkham Intelligence data shows the firm still holds 199.795 ETH, worth about $328,470, and 18,150 AVAX, valued at $363,180. It also continues to hold 4.208 million DAI along with 3.757 million USDC, putting its total stablecoin stash at roughly $7.97 million.

These transfers have occurred against the backdrop of a recently settled legal issue involving Galaxy Digital. The company agreed to pay a $200 million settlement in relation to a market manipulation case centered on the LUNA cryptocurrency. The New York Attorney General accused Galaxy Digital of selling off LUNA holdings without proper disclosure, despite promoting the token in 2020.

According to the allegations, Galaxy Digital had secured LUNA at a discounted price and then heavily promoted the asset, which led to a surge in its market value. The firm reportedly profited significantly by selling its holdings during the price increase without informing investors about its actions.

Troubling Signals Emerge for Ethereum

Market analysts are also highlighting troubling signals in Ethereum’s price chart. Over the past three weeks, the asset has been forming a bear flag pattern—a technical indicator that often suggests a potential further decline. If the price closes below the lower boundary of this pattern at $1,600, it could initiate a deeper drop, with targets as low as $1,100. This would represent a 33% decline from the current price level.

The Relative Strength Index (RSI), a key indicator of market momentum, remains below 50, which typically suggests bearish conditions. With both legal and technical pressures mounting, investor sentiment around Ethereum and Galaxy Digital’s activities appears increasingly cautious.

ETHUSD 2025 04 15 23 12 38
Source: Trading View

Galaxy Digital’s recent movements reflect more than routine asset management. The scale and timing of these transactions, especially in light of the legal issues and prevailing market conditions, suggest that the firm may be strategically repositioning itself amid expectations of further volatility.

Related Readings | Will Ethereum Break Through $1,770 or Start a New Downtrend

Filed Under: News Tagged With: Cryptocurrency, Ethereum (ETH), price prediction

Mantra’s OM Token Plummets 92%, Sparks Panic Across Crypto Market

April 14, 2025 by Kashif Saleem

  • Mantra token crashed by 92% on Sunday, dropping from $6.33, losing over $5 billion.
  • SpotOnChain data shows that large holders transferred 14.27M OM to OKX days before the crash.
  • Mantra team responded, claiming the crash was due to “reckless liquidations” and assured that internal token control remains intact.

The OM token, native to the Mantra blockchain, experienced a sharp fall over the weekend, crashing 92% in value. The price dropped from $6.33 on Sunday, wiping out more than $5 billion from its market capitalization. By Monday, the token hovered at $0.71, with trading activity surging 3186% over the past 24 hours.

OM 1D graph coinmarketcap
Source: CoinMarketCap

The steep decline triggered significant liquidations across the market. Data from Coinglass revealed that $74.51 million was liquidated within 24 hours. Of that, $53.86 million came from long positions, while $ 20.26 million was cleared from shorts. The event quickly drew comparisons to previous high-profile collapses, such as Terra LUNA and FTX in 2022.

Mantra’s token crash has raised red flags across the crypto market. There are claims that the Mantra team controls 90% of the OM token supply, sparking speculation about possible coordinated market activity. 

Mantra Whale Sell-Offs Shake Market Confidence

Meanwhile, SpotOnChain, a crypto transaction monitoring platform, reported that a group of large OM holders transferred 14.27 million OM—worth around $91 million—to the OKX exchange just three days prior to the price drop. These same wallets had acquired 84.15 million OM on Binance in March for an estimated $564.7 million, at an average price of $6.711.

Spotonchain
Source: Spot On Chain

After the crash, the remaining 69.08 million OM tokens held by these addresses saw their total value fall to $62.2 million. The report suggested these parties may have protected their holdings through hedging strategies elsewhere and may have contributed to the price collapse.

In addition, Lookonchain, another wallet analytics firm, disclosed that 17 different wallets moved 43.6 million OM—valued at roughly $227 million at the time—onto exchanges. This figure represented 4.5% of the token’s total supply. Arkham Intelligence tagged two of these wallets as connected to Laser Digital, a strategic investor in Mantra.

Leadership Responds Amid Allegations of Insider Control

In response to the public concern, the Mantra team stated that the project’s fundamentals remain strong. They explained that the token crash was due to “reckless liquidations” and not due to any internal action by the team.

Co-founder JP Mullin noted that the project’s communication channels remain open and that team-held tokens are still under the team’s control. “We are here and not going anywhere,” Mullin wrote, also providing a verification address to ensure transparency about the team’s token holdings.

Guys let's get a couple things straight:

– The TG was not deleted.
– The Team tokens all remain in custody, verifiable at this address – mantra1yejpacug78zuqkzwwuc94c0a2al4mz4yfqquam
– We are actively figuring out why these massive forced liquidations occurred and will provide…

— JP Mullin (🕉, 🏘️) (@jp_mullin888) April 13, 2025

However, the exact cause behind OM’s sharp decline remains unclear. The crash left many traders and investors facing deeper losses. The Mantra team has pledged to investigate the matter thoroughly and intends to share further details once available.

As of now, the token’s chart displays signs of excessive selling pressure. According to the Relative Strength Index (RSI), OM is deeply oversold. The MACD, another trend indicator, shows the token firmly in a downward trajectory with a reading of -0.3026, confirming that the bearish trend remains dominant.

OMUSDT 2025 04 14 12 10 10
Source: Trading View

Related Readings | HBAR Forms ‘Golden Pattern’ After 31% Weekly Gains — What’s Next?

Filed Under: News Tagged With: Cryptocurrency, Mantra

Ethereum’s Major Decline: Is $1,290 the Key Support Level for ETH?

April 8, 2025 by Arslan Tabish

  • Ethereum dropped over 27% in two days, triggering $257.87 million in liquidations, according to Coinglass data.
  • Ethereum investors have incurred over $500 million in losses, with short-term holders leading the sell-off.
  • ETH’s next support level lies at $1,290; if broken, further decline may follow, though past recoveries offer hope.

Ethereum (ETH) faced a drastic decrease of more than 27% in just two days. Bitcoin dipped to an average of $1,410 at some point in the past two years and was trading around $1,500 on Monday. This led to many liquidations in the derivative market, where $257.87 million was shaved off during the crash, as analyzed by Coinglass. The current market situation culminated in investors finding themselves in a state of ambiguity.

Ethereum Investors Capitulate

According to Santiment, there is evidence that Ethereum investors are capitulating. ETH’s investors are at a loss of more than $500 million. The latest round of selling is being done by those who were holding the cryptocurrencies on a short-term basis. These investors who are keeping the ETH for no more than a month reacted vigorously to the price threat. Their selling activity has escalated this decline, which adds even greater pressure to it.

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Source: Santiment

Further analysis of on-chain data equally shows that the exchange supply of coins that are one to two years old is also being dumped. However, this selling is happening at a slower rate and scale as compared to the overall sales numbers of the business. If the bears within this group intensify the selling pressure, it is possible that ETH’s decline will be prolonged. The buying ahead of dips has been coming from investors with short holding horizons, indicating that the market sentiment may turn bearish soon.

Key Support Level for ETH

The analytical platform CryptoQuant revealed that the current average cost base for the Ethereum holders is $2,200. This implies that most people who invested in Ethereum are currently at a loss. The spread between price and average cost of acquisition grows, which enhances market concern. This particular loss situation has made the actual market bearish in nature.

ETH Next Major Support Level $1.29K

“The average cost basis for Ethereum holders is $2.2K. The next major support level is around $1.29K, the average cost basis of whales holding over 100K Ethereum.” – By @MAC_D46035

Read more 👇https://t.co/Fr8wZouCXu pic.twitter.com/9DL6FqZsTv

— CryptoQuant.com (@cryptoquant_com) April 7, 2025

The next strong support level that may be expected on Ethereum is at $1,290. This level corresponds to the cost of whales with more than 100,000 ETH. If this support level is violated, the ETH price may be under pressure to continue falling. So far, ETH has proved to be stable, but it is also possible to witness the continuation of the downward trend.

The Ether price having gone down, shows that Ethereum has always bounced back after significant declines. For instance, in June 2022, when there was a Luna crisis, ETH crossed a low of $870 but later started to recover. This position may imply that Ethereum has the potential to recover the lost ground should the market conditions get better. However, in the current market conditions, investors are still skeptical about the further growth of Ethereum.

Filed Under: News, Altcoin News Tagged With: Crypto crash, Crypto news, ETH Market, Ethereum Crash, Ethereum price analysis

Top 10 Best Cryptos to Buy in 2025 – Don’t Miss This Next Wave of Blockchain Domination

March 30, 2025 by Vaigha Varghese

Cryptocurrencies continue to leave their mark on the global financial landscape, and 2025 promises to be a game-changing year for digital assets. As new projects emerge and established players evolve, a sense of anticipation surrounds the future. While the market is filled with exciting opportunities, some crypto projects are set to reshape the industry by solving problems that earlier projects couldn’t reasonably address. Among the most exciting is Qubetics ($TICS), one of the top 10 best cryptos to buy, a project that’s catching attention for its ability to transform the decentralized finance (DeFi) ecosystem.

Qubetics is now in its 27th presale stage, with an impressive milestone of selling over 504 million tokens, raising over $15.5 million. It’s not just another token—Qubetics is geared to revolutionize how you think about efficiency, connectivity, and decentralization in the digital world. But where does Qubetics fit into the broader picture of top cryptos to buy in 2025? Alongside big names like Monero, AAVE, and Bitcoin Cash, Qubetics ($TICS) is on track to make waves and change the crypto game forever.

1. Qubetics ($TICS): The New DeFi Game-Changer

Qubetics isn’t just your average token; it’s a project aiming to solve the real-world inefficiencies plaguing decentralized finance. As the world of DeFi grows, challenges like scalability, security, and user experience often hold back mass adoption. That’s where Qubetics steps in. With its innovative approach and robust roadmap, Qubetics ($TICS) is designed to offer faster transactions, lower fees, and a user-friendly experience.

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The Qubetics team is also taking steps toward building a connected, decentralized ecosystem that will simplify the process of creating and using smart contracts. Their flagship platform, QubeQode IDE, is designed to make blockchain development accessible to businesses, professionals, and individuals. Unlike many other platforms, QubeQode IDE streamlines the process of developing decentralized applications (dApps), the top 10 best cryptos to buy, making it easier than ever for anyone to create something within the blockchain space.

Latest Developments Around Qubetics

The Qubetics crypto presale has surpassed significant milestones, with over 23,900 holders and $15.5 million raised. In fact, in the ongoing 27th presale stage, the price of $TICS stands at $0.1300. 

This puts the token in a perfect position for significant growth, as analysts predict an incredible return on investment (ROI) of 669% when it hits $1 after the presale. But that’s just the beginning—if $TICS reaches $5, the ROI skyrockets to 3745%. After the mainnet launch, the projections suggest that Qubetics could see a price of $15, offering an eye-watering 11,436% ROI.

Why did this coin make it to this list? Qubetics addresses some of the most critical issues within DeFi—security, scalability, and accessibility. If it can deliver on its promises, it’s poised to shake up the space in 2025.

2. Monero: The Privacy Pioneer

Monero is all about keeping your transactions private and secure. While many cryptocurrencies operate on public blockchains, Monero uses advanced cryptographic techniques to ensure that transactions are confidential and untraceable. This focus on privacy has made Monero a go-to for those who prioritize anonymity in their digital dealings.

Monero’s privacy features continue to evolve, with regular updates enhancing its cryptography and privacy protocols. The Bulletproofs update, for example, has drastically reduced transaction sizes and improved efficiency, making Monero more scalable than ever before. In addition, Monero is always at the forefront of research in privacy technology, making it an essential asset in the crypto space.

Why did this coin make it to this list? Monero’s commitment to privacy and its consistent updates make it a strong contender for anyone looking for a secure and anonymous cryptocurrency.

3. AAVE: The DeFi Lending Giant

AAVE is one of the leading projects in the DeFi space, providing decentralized lending and borrowing services. Through its innovative platform, users can lend out their assets and earn interest or borrow assets without the need for traditional intermediaries. AAVE’s lending protocol allows for a wide range of assets to be used, including stablecoins and altcoins, giving it a diverse and flexible use case.

Recently, AAVE has expanded into new markets with its V3 protocol, offering even more features such as cross-chain functionality, and flash loans. These upgrades are attracting even more users and liquidity into the platform. Moreover, AAVE is continuously working on expanding the range of supported assets and adding more utilities for its token, making it an increasingly valuable platform in the DeFi ecosystem

Why did this coin make it to this list? With its strong presence in decentralized lending and constant upgrades, AAVE is primed to continue its dominance in 2025.

4. Immutable X: Scaling NFTs

Immutable X is a project built for non-fungible tokens (NFTs), solving some of the most pressing issues in the NFT space—like scalability, high gas fees, and transaction speed. By using zk-rollups, Immutable X offers fast and cost-effective NFT minting and trading, making it one of the best solutions for artists, creators, and collectors.

Immutable X has seen significant growth, especially as NFTs continue to gain popularity. The recent integration of Immutable X with major NFT marketplaces like OpenSea and Rarible has helped it become one of the most recognized platforms for NFT transactions. Additionally, Immutable X’s partnership with gaming platforms to host in-game NFTs is pushing the project further into the mainstream.

Why did this coin make it to this list? Immutable X’s ability to scale NFTs while offering low-cost transactions makes it a leading platform in the growing NFT space.

5. Terra Classic: Rebuilding from the Ashes

Terra Classic is the rebranded version of the original Terra blockchain, which collapsed in 2022 due to the depegging of its algorithmic stablecoin, LUNA. Since then, Terra Classic has been on a journey of rebuilding and redemption. Despite the drama surrounding its collapse, Terra Classic has a strong community and a dedicated team working on the revival of its ecosystem.

The team behind Terra Classic has been working on stabilizing its ecosystem by introducing updates to the chain’s governance, including the launch of LUNA 2.0. Additionally, the reintroduction of Terra’s stablecoin and new dApps have begun to attract attention once more. Terra Classic has the potential to regain some of its former glory with its new strategies, but only time will tell

Why did this coin make it to this list? Terra Classic is still one to watch closely in 2025, especially with its focus on recovery and building an improved blockchain ecosystem.

6. SEI: The Rising Star of Layer 1 Blockchains

SEI is a new Layer 1 blockchain that promises high performance and scalability with a unique design that allows for parallel transaction execution. This innovative architecture has attracted a lot of attention in the blockchain space, especially from developers looking for a more efficient and scalable alternative to existing chains.

SEI’s testnet has been gaining traction, with several decentralized applications already in the pipeline. By focusing on low-latency and high-throughput capabilities, SEI is positioning itself as a blockchain built for decentralized finance and Web3 applications. As more developers onboard, SEI could become a key player in the ecosystem.

Why did this coin make it to this list? SEI’s promise of high scalability and performance positions it as one of the top contenders for Layer 1 blockchain supremacy.

AD 4nXeiS29eq2SmITvRbB5HyQdi4htiAMH dXhj6bi sK47BpHd3udMDckj624N nwmRip6u6Uc36 923c7CvM2466B0WS53BHcYrhP7DS9mVZwWie98vBQ8MbmvLZwOGfc2LT1enFPw?key=CW JOnKObft9gBhT1dzAPmy

7. SUI: The Developer-Focused Blockchain

SUI is a new blockchain project focused on creating a more developer-friendly environment. Built by former Meta engineers, SUI aims to simplify the blockchain development process by offering a high-throughput platform with minimal complexity for developers.

SUI’s platform has received significant attention from the developer community due to its focus on creating a more intuitive development experience. With innovations like the Move programming language and SUI’s unique consensus mechanism, the top 10 best cryptos to buy the project have managed to gain a strong following early on.

Why did this coin make it to this list? SUI’s developer-first approach and potential to simplify blockchain adoption for dApp creators make it a noteworthy project for 2025.

8. Celestia: Modular Blockchain for the Future

Celestia is a modular blockchain allowing more flexibility in designing custom blockchains. By separating consensus and data availability from execution, Celestia offers a customizable framework that could help scale blockchain infrastructure in a way that traditional chains can’t.

 Celestia has been gaining attention due to its modular approach, which provides greater scalability and flexibility. The project is still in its early stages, but its potential for enabling customizable blockchain networks is significant.

Why did this coin make it to this list? Celestia’s modular framework is a groundbreaking approach that could change how blockchain ecosystems are designed and scaled.

9. Injective: Decentralized Exchange Revolution

Injective is a decentralized exchange (DEX) protocol that focuses on providing a seamless, low-fee trading experience. It’s designed to enable users to trade a wide range of assets—crypto and beyond—without the need for centralized intermediaries.

Injective’s focus on scalability and low fees has made it one of the leading DEX protocols. The launch of Injective 2.0, one of the top 10 best cryptos to buy, with a host of new features like cross-chain compatibility and speed enhancements, has helped it gain significant market share in the growing DeFi space.

Why did this coin make it to this list? Injective’s commitment to revolutionizing decentralized trading with fast, low-fee transactions makes it an essential part of the 2025 crypto landscape.

10. Bitcoin Cash: The BCH Comeback

Bitcoin Cash (BCH) was created after Bitcoin split, aiming to provide faster transaction speeds and lower fees. Although it has faced competition from other cryptocurrencies, BCH remains one of the most liquid and well-known digital assets in the space.

Bitcoin Cash has been seeing a resurgence with new features like Smart BCH, which allows for smart contract functionality. These upgrades, combined with BCH’s ability to provide quick and inexpensive transactions, could help the cryptocurrency regain momentum in 2025.

Why did this coin make it to this list? Thanks to its low fees and constant improvements, Bitcoin Cash is still a strong contender in the crypto market.

Conclusion: The Future is Now

The cryptocurrencies mentioned in this article are shaping the future of the digital finance ecosystem. From the cutting-edge developments of Qubetics ($TICS) to the longstanding reliability of Monero and AAVE, these projects are set to play a major role in 2025 and beyond. Qubetics ($TICS), in particular, stands out for its innovative approach and the potential for massive returns once the mainnet launches. So, if you’re looking to make informed decisions in 2025, the top 10 best cryptos to buy these are the projects you should keep a close eye on.

From the groundbreaking innovations of Qubetics ($TICS) to the proven stability of Monero and AAVE, these projects are primed to impact 2025 and beyond significantly. Among them, Qubetics ($TICS) stands out with its fresh approach and the potential for impressive returns after the mainnet launch. If you aim to stay ahead in 2025, these projects should be on your radar.

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For More Information:

  • Qubetics: https://qubetics.com 
  • Presale: https://buy.qubetics.com
  • Telegram: https://t.me/qubetics 
  • Twitter: https://x.com/qubetics 

FAQs

What makes Qubetics ($TICS) stand out from other DeFi projects?

 Qubetics focuses on solving real-world problems in the DeFi space, offering faster transactions, low fees, and an easy-to-use development platform.

How does Monero maintain its privacy?

 Monero uses advanced cryptographic techniques like Ring Signatures and Stealth Addresses to ensure transaction privacy and security.

What are the key features of AAVE’s lending protocol?

 AAVE offers decentralized lending and borrowing with low fees, allowing users to earn interest on assets or borrow funds without intermediaries.

Why is Immutable X important for NFTs? 

Immutable X offers a scalable, low-fee, eco-friendly solution for trading NFTs, making it a leading platform.

Filed Under: News, Press Release

Terraform Labs Opens Crypto Claims Portal for Bankruptcy Creditors

March 29, 2025 by Mwongera Taitumu

  • Terraform Labs opens claims portal for crypto creditors on March 31.
  • Creditors must submit claims by April 30, 2025, for consideration.
  • Terraform plans up to $442M repayment to creditors after bankruptcy.

Terraform Labs has launched a claims portal system to help manage compensation payments for creditors affected by its 2022 collapse. Eligible creditors can use the portal from March 31 until April 30, 2025 to submit their claims. Terraform Labs declared Chapter 11 bankruptcy in January 2024 when its $40 billion ecosystem failed.

Terraform Labs  “Crypto Loss Claims Portal”

Creditors need to use the “Crypto Loss Claims Portal” to file claims to be considered. The company stressed that all claims past April 30, 2025 will automatically be disregarded. Terraform Limited will process claims from creditors who will submit sufficient documentation to demonstrate their ownership of digital assets.

A formal claim needs evidence that meets specific guidelines. The required documentation includes native wallet addresses for crypto stored under self-custody and read-only API keys for cryptocurrency stored on exchanges. Terraform Labs will accept additional information such as transaction logs and account statements but indicates this documentation can lead to reduced speed in processing claims.

All creditors must receive their initial claim amount within 90 days after the April 30 deadline. Each creditor may choose to accept or dispute the determined payment amount. The company will initiate distribution payments as soon as it processes claims and the funds will be distributed proportionally to all creditors.

Terraform Labs Settlement and Compensation Scheme

The company expects to repay creditors an estimated sum of $185 million to $442 million. A U.S. Bankruptcy Judge Brendan Shannon has authorized these funds as part of a reorganization plan. Terraform Labs implemented its reorganization plan after its $4.47 billion settlement with the Securities and Exchange Commission (SEC) in 2024.

However, the substantial SEC settlement will not influence the payments made to creditors. Terraform Labs made a commitment to pay their creditor debts before any payments to the SEC. This agreement ensures that company creditors receive payments from the company’s reorganization before any financial settlements are made to the regulator.

The company has exempted certain assets from its compensation scheme. Terraform Labs’ compensation scheme excludes both crypto tokens with on-chain balances lower than $100 and Luna 2.0 tokens. All creditors should review the Crypto Loss Claim Procedures on the portal to understand the requirements for eligible claims.

Terraform Labs has launched its claims portal as part of the ongoing bankruptcy process. The company seeks to compensate creditors who lost funds after TerraUSD (UST) and LUNA Token collapsed. 

Filed Under: News Tagged With: Terra (LUNA), Terraform Labs, terraUSD

Galaxy Digital Settles for $200M Over Terra Promotion Fallout

March 29, 2025 by Mwongera Taitumu

  • Galaxy Digital to pay $200M after promoting Terra without disclosure.
  • Settlement resolves claims of market manipulation and false disclosures.
  • Settlement will be paid over three years, starting with $40M.

As part of its settlement with the New York Attorney General Galaxy Digital has agreed to pay $200 million. The settlement results from accusations about Galaxy Digital’s role in undisclosed promotion of collapsed cryptocurrency Terra (LUNA). The company allegedly deceived investors through false statements about how the project operated and its connection with South Korean application Chai.

LUNA Collapse

The documents submitted on March 24, 2025 showed that Galaxy Digital acquired 18.5 million LUNA tokens at a price that was 30% below market value. Terraform Labs supplied the tokens to Galaxy Digital in October 2020. The promotional activities conducted by Galaxy triggered an immense price growth which propelled LUNA from $0.31 to $119.18 between October 2020 to April 2022.

The filed documents indicate that Galaxy Digital did not disclose to the public the LUNA tokens sales. Additionally, the company published false reports which indicated that Terra blockchain operated within the Chai system. The statements emerged from false information provided by Terraform Labs and its founder Do Kwon.

The Terra collapse in May 2022 resulted in huge financial losses such as the loss of billions of dollars in market capitalization. The collapse triggered a failure in the TerraUSD (UST) stablecoin stabilization mechanism which led to loss of value in LUNA This event led to a collapse in the cryptocurrency market.

Galaxy Digital Settlement

Michael Novogratz, CEO of Galaxy Digital, described the settlement as a difficult decision. Novogratz declared that this agreement would enable the company to concentrate on long-term development of digital assets and artificial intelligence. This settlement resolves claims about market manipulation and failure to properly disclose information.

The promotional efforts by Galaxy Digital artificially raised the price of LUNA tokens. The company sold its entire token ownership but did not share the disclosures with its investors. The settlement requires Galaxy to distribute $200 million over three years with detailed payment timelines for the next few years.

The payment terms of Galaxy Digital require an initial $40 million installment which must be paid within the first 15 days. Another $40 million must be paid within a year from the first payment. The rest will be paid on annual installments of $60 million each for the next for the second and third years. The settlement addresses legal disputes which enables Galaxy Digital to proceed with its business goals.

Filed Under: News Tagged With: Galaxy Digital, terra classic, Terraform Labs

4 Top Cryptocurrencies to Buy Today (March 28th) – Get In Early Before They Become Giants

March 29, 2025 by Vaigha Varghese

The cryptocurrency market is buzzing with excitement, and it’s no surprise. With a wave of innovation sweeping through space, there’s never been a better time to dive into the world of digital assets. As of March 28th, 2025, several coins have solidified their place in the spotlight, from Qubetics ($TICS), which is still in its presale phase but already making huge waves, to established heavyweights like Immutable X, Terra Classic, and SEI. These cryptocurrencies are not just following trends but are actively setting new ones. So, what’s the story behind the top cryptocurrencies to buy today (March 28)?

With the growing importance of decentralized finance (DeFi) and the increasing demand for blockchain interoperability, coins like Qubetics have emerged as solutions to some of the long-standing challenges in the blockchain world. Qubetics, in particular, is promising to tackle the scalability and user experience issues that have held back the DeFi space for years. But it’s not alone—other cryptocurrencies like Immutable X, Terra Classic, and SEI have been pushing boundaries, each focusing on improving different aspects of blockchain technology. This article will explore why these four projects stand out and why they might just be the best cryptos to buy today.

Let’s dive right in and look at these top cryptocurrencies to buy today (March 28th) and see why they’re worth your attention in 2025.

1. Qubetics ($TICS): Revolutionizing DeFi with Real-World Applications

If you’ve been following the crypto space, there’s a good chance you’ve heard about Qubetics. While Qubetics ($TICS) is relatively new, its approach to solving some of the critical issues in DeFi has made it one of the most exciting projects to follow. One of the biggest pain points in DeFi has always been scalability, high fees, and limited interoperability between blockchains. Qubetics seeks to change all that.

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Latest Developments Around Qubetics

Qubetics is in the 27th best crypto presale stage, having already sold over 504 million tokens and raised over $15.5 million. With over 23,900 holders, there’s clear strong demand for $TICS tokens, and for a good reason. The current presale price of $0.1300 per token has analysts buzzing, as predictions point to the price potentially reaching $1, $5, or even $15 after the mainnet launch. This would represent an ROI ranging from 669% to 11,436%, making Qubetics one of the hottest upcoming DeFi projects in 2025.

One of Qubetics’s most exciting features is its Real World Asset Tokenization Marketplace. This platform allows for tokenizing physical assets like real estate, commodities, and artwork, making it easier to trade them on the blockchain. For the first time, real-world assets can be easily exchanged and managed in a decentralized environment, opening up a whole new world of possibilities for both businesses and individuals.

Another game-changing aspect of Qubetics is its focus on improving interoperability. By ensuring that different blockchain networks can seamlessly communicate with one another, Qubetics aims to bridge the gap between different DeFi ecosystems, making decentralized finance more accessible and efficient.

Why did this coin make it to this list? Qubetics is solving real problems in the blockchain world, especially regarding scalability, usability, and interoperability. With an impressive presale performance and high ROI predictions, it’s clear that this coin is poised for top cryptocurrencies to buy today (March 28th) and beyond.

2. Immutable X (IMX): Scaling NFTs with Zero Gas Fees

Immutable X is a blockchain solution designed to tackle one of the biggest hurdles faced by NFTs and DeFi projects: scalability. Built on the Ethereum network, Immutable X aims to offer a scalable, gas-free environment for trading and minting NFTs, all while preserving the security of the underlying Ethereum blockchain.One of the major developments for Immutable X is its recent integration with Layer-2 solutions, making it even more scalable than before. The platform’s ability to handle thousands of transactions per second (TPS) without the typical high gas fees of Ethereum has made it a popular choice for NFT creators and traders alike.

Recently, Immutable X has also launched several exciting partnerships with major gaming companies, enabling the creation of NFT-based gaming ecosystems. The platform’s focus on providing a zero-fee marketplace for NFTs is also catching the attention of collectors and artists, as it reduces the financial barriers often associated with minting and trading digital art.

Why did this coin make it to this list? Immutable X is addressing the scalability issues facing the NFT space and offering a solution that is both efficient and cost-effective. As NFTs continue to dominate top cryptocurrencies to buy today (March 28th), Immutable X is a key player that should not be overlooked.

3. Terra Classic (LUNA): The Comeback Story of 2025

Terra Classic (LUNA) has had its share of ups and downs, but it’s far from finished. After the crash of TerraUSD (UST) and the collapse of the Terra ecosystem in 2022, many believed LUNA would be a coin of the past. However, thanks to the ongoing efforts of the Terra community, Terra Classic has begun to rebuild itself in 2025.

One of the major developments for Terra Classic is the ongoing work around its recovery plan. The community has been focused on rebuilding the LUNA token’s utility, with several new use cases being introduced to increase demand. The LUNA token is now primarily used as a governance token within the Terra Classic ecosystem, with proposals from the community aimed at improving the protocol and reviving the ecosystem.

Why did this coin make it to this list? Terra Classic may have faced setbacks, but its comeback story in 2025 is one to watch. With a strong community backing and a focus on long-term growth, LUNA is showing potential for a significant rebound.

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4. SEI (SEI): Bridging the Gap Between TradFi and Crypto

SEI is a relatively new blockchain that focuses on bridging the gap between traditional finance (TradFi) and the rapidly growing world of cryptocurrencies. Built to facilitate the growth of financial services in a decentralized and transparent environment, SEI is positioning itself as a key player in the future of DeFi and centralized finance.

SEI is primarily focused on interoperability, enabling assets to flow freely between different blockchains and across various types of financial systems. The protocol has made significant strides in building partnerships with traditional financial institutions, helping to bring legacy finance closer to the decentralized world of crypto.

One of the most exciting aspects of SEI is its comprehensive financial ecosystem, which aims to offer everything from decentralized exchanges (DEXs) to lending protocols. By incorporating both centralized and decentralized elements into its platform, SEI has the potential to offer the best of both worlds, making it easier for people to access financial services in a secure and user-friendly environment.

Conclusion

Based on research and analysis, the top cryptocurrencies to buy today (March 28th) are making waves for all the right reasons. These projects demonstrate incredible potential, from Qubetics ($TICS), which pushes boundaries in DeFi and asset tokenization, to Immutable X, Terra Classic, and SEI. Each has a unique approach to solving real-world problems, and their future looks bright.

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For More Information:

  • Qubetics: https://qubetics.com 
  • Presale: https://buy.qubetics.com
  • Telegram: https://t.me/qubetics 
  • Twitter: https://x.com/qubetics 

FAQs

Why is Qubetics ($TICS) gaining so much attention?

Qubetics is solving key challenges in DeFi with its Real World Asset Tokenization Marketplace, which focuses on interoperability. It’s already showing massive potential during its presale.

What makes Immutable X a top pick for 2025?

Immutable X offers a gas-free platform for NFTs, and its focus on scalability has made it one of the leading platforms in the NFT space.

Can Terra Classic recover from its past issues?

Yes, Terra Classic is working hard to rebuild its ecosystem and community. Terra Classic could see a significant rebound in 2025 with new use cases for LUNA and token burns.

How does SEI bridge the gap between traditional finance and crypto?

SEI offers interoperability between legacy finance and DeFi, making it easier for users to access financial services in a decentralized environment.

Filed Under: News, Press Release

Sonic Blockchain Pushes Ahead with 23% High-Yield Algorithmic Stablecoin

March 24, 2025 by Sheila

  • Sonic Blockchain’s algorithmic stablecoin promises up to 23% APR despite past crashes.
  • Sonic achieves 720ms transaction finality, pushing the boundaries of blockchain speed.
  • Trading activity recorded $21 million in volume after LUNA experienced a 98% decline in value.

Sonic Blockchain continues to develop an algorithmic stablecoin with potential annual yields exceeding 23% while addressing the effects of the 2022 collapse of Terra-Luna cryptocurrencies. Andre Cronje, who co-founded Sonic, has spoken about his PTSD, which remains due to the previous crash. Nevertheless, Sonic continues to pursue its stablecoin development despite volatile conditions in the algorithmic stablecoin sector.

POC looks good. Yielding > 200% APR @ 10m tvl, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+.

Will scale up and get team for a full release. https://t.co/JtMqzAkU7g pic.twitter.com/Z4j2aPzefB

— Andre Cronje (@AndreCronjeTech) March 22, 2025

Algorithmic Stablecoins and the Echo of Terra-Luna

Algorithmic stablecoins maintain their price stability through code-based mechanisms that differ from those used in fiat-backed stablecoins. The price-stability mechanism of algorithmic stablecoins became subject to intense investigation following the failure of TerraUSD (UST) in May 2022. Substantial investment flowed into the UST stablecoin because it provided annual returns higher than 20%. 

However, UST lost its peg to the US dollar it causing a devastating chain reaction that wiped out over $40 billion in value across the Terra ecosystem including its sister token LUNA. This led to huge losses, and many investors and regulators were on the lookout for such projects in the crypto industry.

Sonic’s new algorithmic stablecoin aims to address the yield appeal that UST once promised but with the lessons learned from its predecessor’s downfall. The project began discussions about algorithmic stablecoins’ future but some experts recommended carefulness because of potential dangers. Despite these concerns, Sonic remains focused on blockchain innovation while delivering attractive earning potential and technical progress in the sector.

Sonic Blockchain’s Progress and Regulatory Challenges

Sonic Blockchain’s technological advances have established it as the fastest Ethereum Virtual Machine (EVM) chain worldwide. The platform has reached transaction finality at 720 milliseconds a milestone that sets it apart from other blockchain networks. The platform’s speed improvement led to a 66% growth in total value locked (TVL), which currently stands at $253 million after the rebranding from Fantom.

Nonetheless, the company continued facing regulations, especially from the European Union. The new Markets in Crypto-Assets Regulation (MiCA) bill, set to be launched to prevent another collapse similar to Terra’s, will ban algorithmically stablecoins. The regulation raises more questions about the stability and reliability of such financial instruments, which may slow down Sonic’s future strategies in the European market.

The Terra-Luna collapse marks a pivotal moment in cryptocurrency history because it affects investors’ behavior toward these markets. Trading activity persists for LUNA despite its dramatic price decline, which has resulted in more than 98% value loss. The trading activity for LUNA tokens reached $21 million within a 24-hour, indicating that traders are participating in its near-dead state market.

Filed Under: News, Blockchain, Industry Tagged With: algorithmic stablecoin, Sonic Blockchain

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