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Telegram has banned all channels, NFTs and shops linked to the Cambodian P2P market Haowang Guarantee. The market has been linked to crypto scams and laundering stablecoins through fictitious trades. The P2P market Haowang Guarantee (formerly Huione Guarantee) has been banned from Telegram. The chat platform removed thousands of channels and groups linked to P2P stores, as well as any NFTs issued by store owners. Following the bans on Telegram, Haowang Guarantee also sent out a message that the market is going offline. The Haowang Guarantee marketplace lost its representation on Telegram following a Wired magazine investigation, uncovering the scale of crypto fraud on the P2P network. The ban followed a recent investigation by Elliptic, signaling that Haowang Guarantee operated like a dark market, despite the seemingly harmless storefronts. Dark markets like Haowang Guarantee and a similar, but smaller platform Xinbi Guarantee lost their safe haven on Telegram, stated the chief scientist and co-founder of Elliptic, Tom Robinson. While the takedowns may not solve all crypto scams, the removal of Telegram groups in bulk may make a serious dent on the activity levels, as scamming tools would have to be advertised on other platforms. A Telegram representative stated that the banned channels indeed originated from the Wired and Elliptic reports. Removing the channels that existed undisturbed for years may make a dent in crypto scams. However, there are signs that some of the groups may try to relaunch under new names, based on a search for ‘Haowang’ on Telegram. The report discovered markets still offered money-laundering tools, technology, and other illicit goods, with a trading volume of up to $27B. Telegram still carries other storefronts selling exploit software and other dark market goods, but the app has started clearing away other similar channels outside of Haowang Guarantee. Scammers have also used Haowang Guarantee to sell fake site templates that spoof crypto investments. Illegal site templates may be the main reason for theft from Coinbase accounts, revealing the far-reaching effects of dark markets for the world of crypto. Despite the leads on fraud and laundering USDT, the shop fronts, groups and channels were allowed to exist for years on Telegram. The app, known for facilitating dark market deals, is now trying to clean up its image as it aims to expand on the US market. Huione Group, the operator behind the Haowang Guarantee marketplace, has been banned from using the US banking system. The ban cites the Patriot act, finding instances of potential money-laundering, including a jurisdiction outside the USA and the confidential character of transactions. The market operator still relies on stablecoins, becoming one of the biggest users of USDT. The P2P nature of transfers makes laundering transfers nearly untraceable, as funds are reported as P2P sales. The darknet activity is one of the reasons for increased scrutiny of USDT wallets, though for now asset freezes make a small fraction of the total amount of stolen or hacked funds. Dark markets used various techniques of laundering, including no-KYC exchanges. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Apple’s new App Store guidelines open doors for #Web3 gaming with crypto and NFTs. 🛒 Learn more ⬇️

The artificial intelligence (AI) crypto sector has posted significant gains, with the total market cap for AI-linked altcoins soaring past $41 billion. This surge is largely driven by strong price increases in top tokens such as Bittensor (TAO), Artificial Superintelligence Alliance (FET), Near Protocol (NEAR), Internet Computer (ICP), and Render (RENDER). This rise in AI altcoins occurs as Bitcoin eyes a breakout above the $105,000 mark , investor appetite for AI-infused blockchain projects is rapidly gaining momentum–and with good reason. TAO has been a standout performer, rising 3.3% in the last day and nearly 27% over the past week. At a major crypto summit in Austin, Contango Digital founder Mike Grantis made a bold prediction that TAO could trade above $62,500 by 2030. Currently trading around $467, this marks a gain of more than 13,000%. Grantis’s reasoning is compelling: unlike Bitcoin, which rose largely on a store-of-value narrative, Bittensor is building a decentralized network that directly incentivizes machine learning. With hundreds of functioning AI subnets, growing developer adoption, and real-world utility, some believe TAO has the kind of long-term growth runway that could dwarf earlier crypto cycles. FET jumped nearly 9% in 24 hours and now trades at $0.8786. Technical indicators suggest that the long-term uptrend is intact, with the price consolidating inside a bullish pennant pattern. Analyst Crypto Kindle believes that once the token breaks above its $1.5 monthly resistance, it could either backtest at $0.80 or enter a full-blown altseason rally toward its previous all-time highs. Near Protocol (NEAR) surged more than 5% to reach $3.23. A significant driver for NEAR was the May 7th news that Bitwise filed for a spot NEAR ETF with the SEC. This marks the first such ETF filing for a Layer 1 blockchain after Ethereum and Solana, immediately positioning NEAR as a contender for serious institutional inflows. This development, coupled with NEAR’s latest protocol upgrade (V77) and the introduction of Chain Signatures (which eliminate the need for wrapped tokens), underscores its technical advancements. NEAR’s presence at AI-focused conferences further solidifies its strategy to become a Layer 1 blockchain anchoring AI activity on-chain. Proof of this AI integration focus includes over 100 developers recently building functioning AI agents on NEAR at a San Francisco hackathon. Internet Computer Protocol (ICP) is nearing the $6 threshold after a 6.25% gain. The 20-day EMA at $5.3 stands as the nearest support for the cryptocurrency. According to analyst Crypto Patel, this level could be the final stage in its accumulation zone. A confirmed breakout above $7.16 could put $15–$18 on the radar, with long-term potential stretching to $79 in a full bull run. RENDER, which provides decentralized GPU rendering for AI and metaverse projects, has also seen a 6.39% jump to $5.35. With RSI at 65.70, it’s nearing overbought territory–but momentum remains strong. The token’s 20-day EMA of $4.75 now acts as support, and analysts see a push to $8.30 as very much in play. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitget Wallet launches in-app store "Shop with Crypto", 300+ brands realize crypto-native settlement Web3 wallet Bitget Wallet announced the official launch of the in-app store "Shop with Crypto". Users can use crypto assets such as Bitcoin and Ethereum to purchase 300+ brands around the world in one click, covering digital wallet recharge, mobile phone bills, e-commerce gift cards, game points, entertainment services and travel products, etc., without going through the fiat currency channel, truly realizing the crypto-native settlement experience. Recently, it has specially joined hands with DotMart to launch recharge functions such as games and gift cards. Purchase recharge products for popular games such as PUBG Mobile, Free Fire MAX, Mobile Legends, etc., saving up to 30% of the cost compared to direct purchases in the game, and the redemption code takes effect immediately. Bitget Wallet is the only self-hosted wallet that supports multiple payment methods, supporting scan code payment, card payment or shopping in the App. It is committed to building a simple, smooth and secure bridge to seamlessly connect digital assets with daily consumption. In the future, it will continue to optimize the "Shop with Crypto" function and merchant ecology to promote the in-depth application of crypto assets in daily consumption.

Most #ALTS are down today.🔻 But $ASTRA | @AstraLabs_Inc is built different. We’re up with 47.8% in the last 24h. 💹 The soft launch of AstraAI App 2.0 was a success. Now we’re patiently waiting for AstraPay, a no-KYC card for purchasing merchandise and goods at any store. 🛒