<h2>Global Football Body Prepares Migration of FIFA Collect to In-House Network with Broader Ecosystem Support</h2>FIFA is officially parting ways with the&nbsp;<a href="https://coin360.com/coin/algorand-algo">Algorand</a> blockchain as it prepares to migrate its digital collectibles platform, FIFA Collect, to a new proprietary network built to support the&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a><a href="https://coin360.com/glossary/ethereum-virtual-machine"> Virtual Machine</a> (<a href="https://coin360.com/glossary/ethereum-virtual-machine">EVM</a>). The update, quietly published on April 30 through the&nbsp;<a href="https://collect.fifa.com/migration-faq?referrer=walix">FIFA Collect FAQ</a> page, marks a notable shift in strategy as the global football authority deepens its commitment to&nbsp;<a href="https://coin360.com/glossary/web3-companies-projects">Web3</a> and positions itself for broader ecosystem interoperability.The migration signals a clear departure from Algorand-based infrastructure, as FIFA confirmed that wallets like Pera, Defly, and others tied to that network will no longer be supported. Instead, users will be able to access FIFA Collect through&nbsp;<a href="https://coin360.com/review/metamask">MetaMask</a> and other EVM-compatible wallets that support WalletConnect. Although no firm date has been announced, the transition is not expected to occur before May 20, and FIFA has pledged to release additional details as the migration nears.FIFA Collect has become a cornerstone of the organization’s digital fan engagement efforts, offering collectible&nbsp;<a href="https://coin360.com/glossary/non-fungible-tokens">NFTs</a> tied to iconic football tournaments and unlocking access to exclusive real-world events. Recent updates to the platform introduced limited-edition bundles that include perks such as VIP entry to select matches, reflecting an ongoing push to bridge the digital and physical football experience.By moving to an EVM-compatible blockchain, FIFA aims to improve&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> interoperability and expand cross-chain compatibility. The football governing body described the move as a foundational step toward scaling the platform and enhancing its digital engagement capabilities. Officials noted that the new chain will deliver faster performance, support for future feature rollouts, and a more robust framework to accommodate long-term development.FIFA also emphasized that while the underlying technology will evolve, the user experience will remain familiar to existing fans and collectors. The transition is expected to bring gradual improvements as new features and tools are introduced over time. FIFA said it plans to disclose more technical information about the new network in the coming weeks.This article has been refined and enhanced by ChatGPT.

EVM robot assembles blockchain puzzle above tokenized football pitch

EVM robot assembles blockchain puzzle above tokenized football pitch_11zon.webp

FIFA Drops Algorand, Plans Launch of EVM-Compatible Blockchain for NFT Platform

<h2>PayPal’s Ethereum-Based Stablecoin Avoids Scrutiny Amid Growing Market Footprint</h2>After more than a year under regulatory review, the U.S. Securities and Exchange Commission has officially closed its investigation into&nbsp;<a href="https://coin360.com/coin/paypal-usd-pyusd">PayPal USD</a> (<a href="https://coin360.com/coin/paypal-usd-pyusd">PYUSD</a>), taking no enforcement action. The conclusion of the probe, which began in November 2023 with a subpoena seeking documentation about the stablecoin, was disclosed in a February regulatory filing by PayPal. The closure removes a cloud of uncertainty surrounding the stablecoin, which is issued by Paxos Trust and fully backed by short-term U.S. Treasuries, cash equivalents, and dollar deposits.Launched on the&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> blockchain, PYUSD has quietly gained traction in 2025, with its circulating supply surging by 75% since the start of the year. Its&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market capitalization</a> now hovers around $880 million, reflecting growing adoption across exchanges and crypto wallets. The asset’s growth comes at a time when lawmakers are actively shaping the future of the stablecoin market through new legislation. Both the STABLE Act and GENIUS Act are moving forward in Congress, aiming to build a clearer framework for regulating fiat-backed digital assets. These efforts signal a changing tone from regulators under the Trump-era SEC, suggesting a shift toward formalized guidance rather than punitive enforcement.PayPal’s stablecoin expansion strategy has also been bolstered by a strategic partnership with&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a>, allowing U.S. users to earn a 3.7% annual yield by holding PYUSD on the platform. The collaboration not only improves user incentives but also positions PYUSD more prominently on the&nbsp;<a href="https://coin360.com/">crypto price</a> index and within broader crypto price tracking tools. As&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> play an increasingly critical role in the digital asset economy, PYUSD’s strengthened coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> and growing circulation may mark the beginning of a more sustained institutional presence in the space.This article has been refined and enhanced by ChatGPT.

Stablecoin robot strides confidently amid crypto price regulation clouds

Stablecoin robot strides confidently amid crypto price regulation clouds_11zon.webp

SEC Closes PYUSD Probe Without Action as Circulating Supply Jumps 75%

<h2>Delisting Speculation Sparks New Market Narrative as ALPACA Defies Logic</h2><a href="https://coin360.com/coin/alpaca-finance-alpaca">Alpaca Finance</a> (<a href="https://coin360.com/coin/alpaca-finance-alpaca">ALPACA</a>) delivered one of the most chaotic price performances in recent memory after&nbsp;<a href="https://coin360.com/review/binance">Binance</a> announced its delisting. On April 24, 2025, Binance confirmed that ALPACA, among four other tokens, would be removed from its platform, with spot trading ending May 2 and&nbsp;<a href="https://coin360.com/glossary/understanding-crypto-perpetual-futures">perpetual</a> contract trading scheduled for closure at midnight on May 1, Beijing time.&nbsp;Rather than collapsing on the news, ALPACA did the unthinkable—soaring from $0.033 to $1.09 in less than a week, a staggering 33x gain that stunned both seasoned traders and analysts. On April 30 alone, ALPACA's derivatives contracts saw $52.21 million in liquidations, a figure surpassing the token’s combined&nbsp;<a href="https://coin360.com/glossary/understanding-liquidation-crypto-trading-guide">liquidation</a> volume for the past two years.<figure class="image"><img alt="chart_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/chart_11zon_634a62a6c6.jpg"></figure>The price explosion wasn’t without warning signs. Back on April 10, ALPACA appeared in Binance’s second “vote for delisting” campaign, ranking seventh among 17 low-liquidity tokens. Its price dropped nearly 50% following the announcement. But in the five days leading up to the official delisting notice, trading volume surged unexpectedly—hinting that “control funds” or insider players were building positions.&nbsp;When the delisting was confirmed on April 24, ALPACA briefly fell from above $0.04 to $0.033, once reaching $0.029 on Binance, with a total coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of around $5 million. Then came a violent pump: the price rocketed to $0.0857 in under an hour, before slipping back to $0.04—trapping longs and shorts alike and kicking off a liquidation cycle fueled by skyrocketing open interest.<figure class="image image_resized" style="width:90.5%;"><img alt="Source @farmercist_eth X.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Source_farmercist_eth_X_f6f66fae63.png"><figcaption>Source: farmercist_eth/ X</figcaption></figure>By April 25, controversy brewed after Alpaca Finance disclosed that over one billion tokens had changed hands within 24 hours. A proposal surfaced from market makers suggesting a token issuance increase to boost liquidity. Backlash was swift and severe. The announcement was deleted, replaced with&nbsp;<a href="https://x.com/AlpacaFinance/status/1915753883592261699">a note</a> canceling the issuance, ultimately boosting scarcity but also intensifying volatility.&nbsp;Binance added fuel to the fire by altering ALPACA's&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> contract funding rules: initially ±2% every two hours, changed to ±2% per hour, and then to ±4% daily. Shorts took heavy losses, with some positions facing up to 96% daily losses. Between April 26 and 29, prices hovered between $0.20 and $0.34, mimicking the infamous GameStop short squeeze—except this time, with a token capable of inflating its supply at will.Then came the unexpected twist. Despite conditions favoring longs, April 29 saw ALPACA collapse from $0.27 to $0.067 within hours. Analysts speculated forced liquidations, insider exits, or orchestrated profit-taking played a role. Yet the chaos wasn’t over. Hours before perpetual trading was halted on April 30, ALPACA once again rallied to $1.09, completing its 33x run from the April 24 low. More than $50 million in contract liquidations followed, of which $42 million were attributed to short liquidations—further cementing the event as a case study in volatility exploitation.Crypto influencers and analysts weighed in. Binance co-founder Heyi’s cryptic remark—“Did the shell-buying teacher make a comeback?”—sent speculation soaring. KOL Tunbtc&nbsp;<a href="https://x.com/bitcoin10wu/status/1917488967039213615">accused</a> insiders of exploiting delisting periods to harvest liquidity, manipulating charts and leveraging community engagement to convert retail losses into institutional gains. Others like Wenze from Beta Capital&nbsp;<a href="https://x.com/wenze_wcc/status/1917497235702702223">described</a> ALPACA as a potential “shell project,” and KOL YeruiZhang pointed to 48CLUB, a known MEV operator on BSC, as a possible force behind the moves.<figure class="image image_resized" style="width:90.87%;"><img alt="Source YeruiZhang X.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Source_Yerui_Zhang_X_3c863f0c53.png"><figcaption>Source: YeruiZhang/ X</figcaption></figure>The phenomenon birthed a new trend among retail and algo traders: the “delisting concept.” Instead of chasing fresh listings, speculators now target low-cap tokens on major platforms like Binance and&nbsp;<a href="https://coin360.com/review/bybit">Bybit</a> that display signs of likely delisting—such as stagnant development, low coin market cap, and concentrated holdings. KOL Trumoo popularized a rotation strategy: track top small-cap delisting candidates daily, enter top three, and rotate out underperformers. The approach has sparked a wave of dashboard tools and push-alert services, though many remain buggy or unreliable.<figure class="image image_resized" style="width:90.77%;"><img alt="Screenshot_6.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_6_237e91a4be.png"><figcaption>Source: xiaomucrypto/ X</figcaption></figure>Market experts didn’t hold back. Budhil Vyas called it “textbook liquidity hunting,” noting the price was deliberately&nbsp;<a href="https://coin360.com/glossary/crypto-market-tanks">tanked</a> to incite panic before being pumped 15x to squeeze over-leveraged shorts. “No real accumulation is taking place. This is a pure liquidity extraction play,” he warned.&nbsp;<figure class="image image_resized" style="width:90.7%;"><img alt="Source BudhilVyas X_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Source_Budhil_Vyas_X_11zon_ae920d3a51.jpg"><figcaption>Source: BudhilVyas/ X</figcaption></figure>Ignas compared delisting tokens to new listings—volatile, ripe for speculation, and often untethered from fundamentals. Tunbtc raised concerns over selective enforcement, highlighting that while ALPACA rallied 18x in 24 hours, other tokens were halted after 5x moves.<figure class="image image_resized" style="width:90.8%;"><img alt="Source DefiIgnas X_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Source_Defi_Ignas_X_11zon_758ec2d303.jpg"><figcaption>Source: DefiIgnas/ X</figcaption></figure>Interestingly, traders seem to be <a href="https://x.com/COIN360com/status/1917868639476482333">shifting focus</a> to high-risk monitoring tokens like&nbsp;<a href="https://coin360.com/coin/voxies-voxel">VOXEL</a> (+35%),&nbsp;<a href="https://coin360.com/coin/flamingo-flm">FLM</a> (+20.5%), and&nbsp;<a href="https://coin360.com/coin/biswap-bsw">BSW</a> (+17.6%) on Binance’s delisting watchlist, chasing pumps despite volatility risks after ALPACA’s dramatic surge and crash.<figure class="image"><img alt="Screenshot_2.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_2_eaae3983fe.png"></figure>The ALPACA incident underscored how easily contract rules, issuance mechanisms, and trader sentiment can be manipulated in centralized environments. As traders shift toward betting on delisting volatility rather than traditional listing hype, the&nbsp;<a href="https://coin360.com/">crypto price</a> index faces new distortions. This case illustrates the urgent need for greater transparency in exchange governance, while also reinforcing how much of the crypto price action—and by extension, the broader coin market cap movement—is still driven by asymmetric information and insider advantage.This article has been refined and enhanced by ChatGPT.

Robot and alpaca sprint across breaking tiles amid crypto price chaos

Robot and alpaca sprint across breaking tiles amid crypto price chaos_11zon.webp

ALPACA's 33x Surge Unveils Market Manipulation Mechanics Behind Binance Delisting

<h2>Nasdaq and 21Shares Advance Dogecoin ETF Bid Amid Regulatory Bottleneck</h2>The U.S. Securities and Exchange Commission has&nbsp;<a href="https://www.theblock.co/post/352416/sec-delays-decisions-on-xrp-and-dogecoin-etfs">postponed decisions</a> on two widely watched crypto ETFs—Bitwise’s&nbsp;<a href="https://coin360.com/coin/dogecoin-doge">Dogecoin</a> ETF and Franklin Templeton’s&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> Fund—extending review deadlines to June 15 and June 17, 2025, respectively. The agency cited the need for additional time to assess the filings and the issues they raise. The move underscores mounting regulatory inertia even as pressure builds from a growing number of crypto ETF applications flooding the system.Hours before the delay was announced, Nasdaq submitted a 19b-4 filing to list the 21Shares Dogecoin ETF, marking the latest attempt to bring a meme coin-based fund to market. This follows an S-1 filing earlier in April and launches the formal review process once published in the Federal Register. 21Shares revealed a partnership with the House of Doge and support from the Dogecoin Foundation to provide the fund with a decentralized, community-based framework. The proposed fund joins a growing pack of Dogecoin ETF applications, including those from Grayscale, Bitwise, and REX Shares.By late April 2025, the SEC’s&nbsp;<a href="https://coin360.com/learn/crypto-etfs-vs-bitcoin-etf-inflows">crypto ETF docket</a> had swollen to over 70 active proposals. The filings span a wide array of products, from spot ETFs for&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a>,&nbsp;<a href="https://coin360.com/coin/litecoin-ltc">Litecoin</a>, and&nbsp;<a href="https://coin360.com/coin/hedera-hashgraph-hbar">Hedera</a>, to leveraged vehicles like the speculative “2x&nbsp;<a href="https://coin360.com/coin/melania-trump-melania">Melania</a>” ETF. Bloomberg analyst Eric Balchunas described the queue as “wild,” while fellow analyst James Seyffart noted delays were anticipated and would likely continue, with final decision deadlines for most filings stretching into October or beyond.The regulatory gridlock comes amid shifting leadership and evolving policy signals. On April 21, Paul Atkins, a Trump-era appointee, was confirmed as SEC Chairman after a divided Senate vote. His confirmation replaces Acting Chair Mark Uyeda and is viewed by industry observers as a pivotal moment for the agency’s approach to crypto oversight. Atkins criticized his predecessor’s administration, saying innovation had been “stifled for the last several years due to market and regulatory uncertainty that the SEC has fostered.”Recent developments build on momentum from two landmark ETF approvals over the past year. Spot&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> ETFs cleared in January 2024 and Spot&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> ETFs followed in July 2024 after a key court win by Grayscale. These decisions emboldened issuers to expand ETF proposals beyond blue-chip tokens to more volatile or legally embattled assets such as Dogecoin and XRP.On the same day as the XRP and Dogecoin ETF delays, the SEC also pushed back decisions on staking functionalities for several crypto products, including the Franklin Ethereum ETF (new deadline: June 16), Grayscale’s Hedera Trust, and staking options for the Franklin Crypto Index ETF. Despite the delays, market reaction was muted. Dogecoin edged up 0.4% to $0.1789 as of April 29, 2025.According to Bloomberg projections from February, Litecoin ETFs hold a 90% likelihood of approval, while Dogecoin ETFs follow closely at 75%. The latter’s odds reflect both market enthusiasm and institutional traction, bolstered by high-profile listings through Nasdaq and coordinated backing from community organizations. As regulators weigh risks and structure, the clash between industry ambition and federal caution continues to shape the future of crypto-based investment products.This article has been refined and enhanced by ChatGPT.

Robot balances over Dogecoin ETF canyon edge [Dogecoin]

Robot balances over Dogecoin ETF canyon edge [Dogecoin]_11zon.webp

SEC Pushes Back XRP and Dogecoin ETF Decisions as Crypto ETF Backlog Swells Past 70 Filings

<h2>New Crypto Card, Strategic Partnerships, and Regulatory Positioning</h2>Mastercard is deepening its integration with blockchain infrastructure and accelerating its role in digital asset adoption through a sweeping new initiative that powers <a href="https://www.mastercard.com/news/press/2025/april/mastercard-unveils-end-to-end-capabilities-to-power-stablecoin-transactions-from-wallets-to-checkouts/">stablecoin payments</a> across wallets, cards, and exchanges. Announced on April 28, 2025, the global payments giant introduced a full-stack solution that supports end-to-end stablecoin transactions — from issuance and storage to merchant acceptance and rewards. The move underscores a broader strategic shift from speculative crypto trading toward utility-based financial systems, positioning Mastercard at the forefront of stablecoin-driven commerce.The solution is anchored by a series of high-profile collaborations across the digital asset ecosystem.&nbsp;<a href="https://coin360.com/review/metamask">MetaMask</a>,&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a>, and several top-tier crypto platforms are integrating Mastercard's stablecoin capabilities to enable direct spending from crypto wallets. Circle, the issuer of&nbsp;<a href="https://coin360.com/coin/usd-coin-usdc">USDC</a>, Paxos, payment processor Nuvei, and crypto exchange&nbsp;<a href="https://coin360.com/review/okx">OKX</a> are also on board. Together, these integrations form a 360-degree payments framework that links users, merchants, and issuers across a seamless transaction cycle — a first-of-its-kind stablecoin-native payments architecture backed by a traditional finance heavyweight.Among the most notable developments is the launch of MetaMask’s new self-custody crypto card, built in partnership with CompoSecure and Baanx and powered by Mastercard. Operating on Linea, an&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> Layer-2 scaling network, the card leverages smart contracts for real-world transaction execution with sub-five-second processing times.&nbsp;Unlike exchange-based cards from&nbsp;<a href="https://coin360.com/review/binance">Binance</a>,&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a>, or&nbsp;<a href="https://coin360.com/exchange/crypto_com">Crypto.com</a>, the MetaMask card operates directly from users' wallets, bypassing centralized intermediaries. The launch comes amid increased scrutiny of exchange security, following February’s $1.4 billion&nbsp;<a href="https://coin360.com/review/bybit">Bybit</a> hack, and declining revenues within the Ethereum ecosystem — with MetaMask’s monthly fees dropping nearly 78% year-over-year from $1.3 million in April 2024 to $289,312 in April 2025.These product rollouts coincide with a fast-changing stablecoin market now valued at $238.39 billion.&nbsp;<a href="https://coin360.com/coin/tether-usdt">Tether</a> (<a href="https://coin360.com/coin/tether-usdt">USDT</a>) and Circle’s USDC continue to dominate, but&nbsp;<a href="https://coin360.com/coin/xrp-xrp">Ripple</a>’s RLUSD has begun gaining market share as a potential challenger. Tether is also expanding its asset-backed offerings, having recently published an attestation showing 7.7 tonnes of gold backing its XAUt token. As more&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> diversify their utility and transparency standards, Mastercard’s multi-platform integration plays into this trend by offering institutional-grade access points for both consumers and merchants.Mastercard’s crypto push also reflects broader industry momentum as regulators worldwide inch closer to formalizing stablecoin frameworks. The U.S. is expected to finalize legislation by August 2025, with regulatory bodies like the SEC and Federal Reserve signaling incoming compliance mandates. Mastercard’s early positioning in stablecoin payment systems could provide a critical first-mover advantage once these frameworks are in place. This proactive approach is further buoyed by the Trump administration’s pro-crypto policies, which have helped accelerate institutional adoption of blockchain applications across financial services.Real-world crypto payments are gaining traction beyond fintech circles. High-end retailers such as Dorsia now accept digital assets, while messaging app Signal is exploring&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a>-based peer-to-peer payments. On the legislative front, New York state is reviewing a bill that would allow crypto for state-level transactions. Mastercard’s new stablecoin initiative reflects both a response to and an influence on these evolving trends, embedding digital currencies more directly into global payment flows and signaling a turning point in the mainstream adoption of crypto-financial tools.This article has been refined and enhanced by ChatGPT.

Robot triggers stablecoin transaction with glowing wallet tile bridge

FIFA Drops Algorand, Plans Launch of EVM-Compatible Blockchain for NFT Platform

Global Football Body Prepares Migration of FIFA Collect to In-House Network with Broader Ecosystem Support

Latest News @Coin360