Ethereum Altcoin ACX Skyrockets 68% Post-Bithumb Listing

Ethereum Altcoin Surges 68% Following Bithumb Listing

According to The Daily Hodl, the Ethereum-based altcoin Across Protocol (ACX) experienced a significant price surge after being listed on South Korea's second-largest crypto exchange, Bithumb. The announcement led to a rapid increase in ACX's value, climbing from $0.275 on March 21 to a peak of $0.462, marking a 68% rise within hours. However, the price later retraced to $0.319, still reflecting a 10% gain over the last 24 hours.

The Across Protocol is described as a cross-chain platform powered by "intents," which allow users to specify outcomes rather than execution paths. This innovative approach has been highlighted in the protocol's whitepaper, emphasizing its focus on speed and cost efficiency through competitive relayers. Despite the recent price volatility, the listing on Bithumb has brought significant attention to the project.

"Intents introduce a third party, a relayer... that does the job of delivering assets/executing user transactions quickly," explains Across Protocol.

Key Takeaway: The listing on Bithumb has propelled ACX into the spotlight, showcasing the potential of its cross-chain technology and driving a notable price increase.

Crypto Mergers and Ripple's Legal Victory

Crypto.news reports a busy week in the cryptocurrency sector, with major developments in mergers and acquisitions (M&A) and regulatory outcomes. Coinbase is reportedly in advanced talks to acquire Deribit, a global derivatives platform valued between $4-5 billion earlier this year. Meanwhile, Kraken has agreed to purchase NinjaTrader for $1.5 billion, aiming to expand its futures trading capabilities.

In regulatory news, Ripple's four-year legal battle with the U.S. Securities and Exchange Commission (SEC) has officially concluded. Ripple CEO Brad Garlinghouse announced the resolution on social media, marking a significant milestone for the company. This follows a series of partial legal victories for Ripple, which have reshaped the SEC's approach to cryptocurrency enforcement.

Additionally, South Korea's Financial Intelligence Unit (FIU) is preparing sanctions against unregistered cryptocurrency exchanges, signaling stricter regulatory measures in the region. These developments highlight the evolving landscape of crypto regulation and corporate strategy.

Key Takeaway: The crypto industry is witnessing significant consolidation through M&A, while Ripple's legal victory marks a turning point in regulatory dynamics.

Pi Network Faces Challenges in Exchange Listings

Coinpedia Fintech News sheds light on the ongoing struggles of Pi Network to secure listings on major cryptocurrency exchanges like Binance and Bybit. Despite its popularity and a circulating supply of 6.77 billion tokens, Pi has faced criticism for its lack of transparency regarding tokenomics. Analyst Dr. Altcoin attributes the delays to unclear mechanisms for locking and burning tokens, raising concerns about potential price manipulation.

Adding to the controversy, Bybit's CEO has labeled Pi a scam, further complicating its market perception. While some supporters argue that the delay is due to the team's refusal to pay listing fees, the lack of transparency remains a significant hurdle. Pi Network recently partnered with PiDaoSwap to promote transparency, briefly boosting its price by 7%, but skepticism persists.

Key Takeaway: Transparency issues and market skepticism continue to hinder Pi Network's efforts to gain mainstream exchange support.

Coinbase Partners with Cronulla Sharks

Ministry of Sport reports that Coinbase has become the official crypto partner of the Cronulla Sharks for the 2025 National Rugby League (NRL) season. As part of the partnership, Coinbase's logo will feature prominently on the team's shorts, marking a significant step into sports sponsorship for the cryptocurrency exchange.

John O’Loghlen, Coinbase's country director for Australia, expressed excitement about the collaboration, emphasizing the alignment of innovation strategies between the two organizations. Sharks Group CEO Dino Mezzatesta highlighted the partnership as a milestone, showcasing Coinbase's global reputation and secure platform.

Coinbase, which entered the Australian market in 2021, aims to use this partnership to strengthen its presence in the region and promote economic freedom. This move reflects a broader trend of cryptocurrency companies engaging with sports to reach diverse audiences.

Key Takeaway: Coinbase's partnership with the Cronulla Sharks underscores the growing intersection of cryptocurrency and sports sponsorship.

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