No, when transferring or selling Bitcoin, you do not need to pay any additional fees in advance first.

Being asked to pay with extra money for any kind of fee is the trick of a confident trickster (conmen, con artist, con artist)

A regular Bitcoin transaction deducts a small amount of Bitcoin from the balance Transaction fee (Not a transfer fee) But this is not an extra thing you pay. Currently, transaction fees are very high at around $30 per transaction (it was under $1 a year ago). Actual fees vary depending on the complexity of the transaction and the speed at which the transaction is processed. You should not make any further payments and will need to automatically deduct any additional amounts from your Bitcoin balance. This is transaction It’s not a price transfer commission. Regular Bitcoin transactions do not have transfer fees or transfer codes.

When dealing with any business, there is no surprise fee. You should be able to find business conditions on their webpage Without talking to anyone in the business. The fees that come as a surprise are signs of a possible scam.

JPMorgan Chase CEO Jamie Dimon is defending the bank’s controversial plans to charge fintech companies such as PayPal and Coinbase fees for access to customers’ account information.

In an earnings call for the second quarter of 2025, Dimon said that the fintech-fee decision was made to protect its customers when asked about the new policy.

“So, this is very important. So forget pricing for a second, we are in favor of the customer, but we think the customer has the right to if they want to share their information. What we ask people to do is, what do they – do they actually know what’s being shared? What is actually being shared? It shouldn’t be everything. It should be what their customer wants. It should have a time limit because some of these things went on for years. It should not be re-marketed or resold to third parties. And so, we’re kind of in favor of all that, done properly.

And then the payment, it just costs a lot of money to set up the APIs and stuff like that to run the system’s protection. So, we just think it should be done and done right. And that’s the main part. It’s not like you can’t do it.”

The fintech companies use the information to make it easier for their customers to send, receive and trade money. JPMorgan is reportedly poised to collect hundreds of millions of dollars in fees for the service.

Alex Rampell, general partner at Andreessen Horowitz and co-founder of the buy now, pay later business Affirm, is slamming JPMorgan’s move, warning it will make it more difficult to move money into crypto.

“This isn’t about a new revenue stream. It’s about strangling competition. And if they get away with this, every bank will follow…

If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account – maybe fewer people will do it.”

Arjun Sethi, co-CEO of crypto platform Kraken, is criticizing JPMorgan for “asserting ownership over data that is generated by users but stored inside infrastructure the bank controls.”

“We should not be optimizing for defensibility through restriction. We should be leveraging our position and profitability to build better access, more open architecture and more composable systems. That means investing in protocols, not just platforms. It means participating in shared infrastructure, not just extracting value from it.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto analyst Smart Trading has revealed a bearish pattern for Shiba Inu, indicating that the bears are in firm control. Based on this, he predicted that SHIB could witness a 20% crash, which would represent a huge setback for the bulls. 

Shiba Inu Breaks Down Below Triangle Pattern

In a TradingView post, Smart Trading stated that the Shiba Inu price recently broke down from a triangle pattern after consolidating near a key resistance. With this development, the analyst remarked that a potential retest of the breakdown zone around $0.00001396 is possible before continuing toward the support level near 0.00001041. 

Based on this analysis, the major levels to watch include the resistance at $0.00001396 and the support zone at $0.00001041. In a TradingView post, crypto analyst Paper Trader also echoed a similar sentiment. He noted that Shiba Inu is consolidating in a demand zone and near a key level. 

The analyst remarked that the bulls need the Shiba Inu price to break out of the demand zone above $0.00001300 for the top meme coin to reach $0.00001427. Based on his accompanying chart, this could pave the way for a further rally to $0.00001700. Paper Trader added that if the demand zone fails to hold, then SHIB bears can push the price to the 0.00001100 levels. 

Shiba Inu has struggled this year and is down over 38% since the start of the year. This underperformance has caused the meme coin to drop drastically in the crypto rankings, currently ranked as the 19th crypto by market cap. SHIB had, towards the end of last year, reentered the top 10 ranking by market cap after recording an impressive 81% gain in under two weeks. 

The Bottom May Be In For SHIB

On the other hand, crypto analyst GKTrademanthan has provided a bullish outlook for the Shiba Inu price, stating that the bottom is in for the meme coin. This came as he drew a similarity between the 2024 and current price action. He claimed that SHIB is following a repeated pattern cycle, which he broke into four stages. 

The first stage is the falling wedge, which the analyst revealed has been completed. GKTrademanthan revealed that Shiba Inu has also completed the Cup and Handle pattern and W Pattern, which are stages 2 and 3, respectively. 

Stage 4 is the inverted Head and Shoulders, which the analyst revealed is pending formation and could trigger a major upward move for Shiba Inu. The target on the breakout is $0.00002431, which represents about a 90% move from SHIB’s current levels. 

At the time of writing, the Shiba Inu price is trading at around $0.00001322, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

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The U.S. Department of Justice (DOJ) is charging six people linked to a multimillion-dollar food stamp and bribery scheme.

In a new press release, the DOJ is announcing charges against six individuals connected to a “sprawling” scheme that hauled in $66 million in food stamps by allegedly abusing the Supplemental Nutrition Assistance Program (SNAP).

The suspects – Michael Kehoe, Mohamad Nawafleh, Omar Alrawashdeh, Gamal Obaid, Emad Alrawashdeh, and Arlasa Davis – are charged with conspiracy to steal government funds and with misappropriating U.S. Department of Agriculture (USDA) benefits, among other charges.

Authorities say that starting in 2019, Kehoe and his co-conspirators allegedly submitted fraudulent applications to obtain machine terminals that accepted payments from SNAP recipients for unauthorized places, such as smoke shops.

SNAP recipients use specialized payment cards to purchase food at stores. According to the press release, Kehoe set up 160 illegal terminals across New York and processed millions of dollars worth of fraudulent EBT (Electronic Benefit Transfer) transactions.

One of the members of the group – Davis – worked for the USDA and is suspected of using her position to acquire and distribute a list of license numbers for qualifying stores, which allowed the thieves to illegally obtain EBT terminals for stores not authorized by the USDA. In return, she received bribes disguised as gifts.

As stated by U.S. Attorney Perry Carbone,

“Michael Kehoe and his co-conspirators misappropriated tens of millions of dollars in taxpayer funds meant to help low-income families put food on the table. This fraud was made possible when USDA employee Arlasa Davis betrayed the public trust by selling confidential government information to the very criminals she was supposed to catch.

Their actions undermined a program that vulnerable New Yorkers depend on for basic nutrition. These charges should be a reminder that those who exploit anti-poverty programs for personal gain will be held accountable for their crimes.”

If convicted, the suspects face decades behind bars.

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US authorities arrested an Atlanta man this week on charges related to his alleged connection to a COVID-19 relief loan application fraud ring.

The Department of Justice (DOJ) alleges that Ian Patrick Jackson, 37, conspired with another Atlanta man to recruit at least nine business owners to submit fraudulent Paycheck Protection Program (PPP) loan applications using fake tax documents.

Jackson allegedly told the business owners to falsely claim they each employed 16 individuals and paid monthly wages of $120,000. The DOJ says the owners then wrote falsified payroll checks to people who didn’t work for them and then either kept the money for themselves or paid Jackson via his co-conspirator.

Jackson is allegedly connected to 15 fraudulent COVID-19 relief loan applications that inked $3.39 million in proceeds. He’s the 12th person to be charged in connection with an Atlanta-based PPP fraud ring, with the 11 previous defendants having already pled guilty or been convicted at trial. The DOJ says authorities have recovered nearly $1.2 million of the defrauded funds.

Jackson also allegedly applied for a separate $237,500 PPP loan using fabricated tax forms and used a forged driver’s license and false revenue statements to fraudulently apply for approximately $100,000 in PPP and Economic Injury Disaster Loan (EIDL) program loans. The DOJ also says he fraudulently secured another $240,035 PPP loan and $125,000 in EIDL program loans and grants on behalf of another company.

Jackson has been charged with conspiracy to commit bank fraud, two counts of bank fraud, two counts of wire fraud and two counts of money laundering. The charges could result in decades in prison.

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Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy.

The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the first quarter the most active period for crypto fundraising since late 2022.

MGX’s $2 billion investment in Binance was a major contributor to this figure, which accounted for over 40% of the capital raised. Excluding this single deal, first-quarter funding would have stood at $2.8 billion, reflecting a 20% decline compared to the fourth quarter of 2024.

Crypto investments by category

The Binance investment pushed the Trading, Exchange, Lending, and Investing sector to the top of the funding chart. This category attracted $2.55 billion, with a 47.9% growth rate. If Binance is excluded, the DeFi sector would have led the quarter with $763 million in capital inflows.

Web3-related projects saw the highest number of deals. These included gaming, NFTs, DAOs, and metaverse initiatives, with 73 rounds representing 16% of all transactions. Trading-related firms followed with 62 deals.

Galaxy also reported a shift in investor focus. For the first time since the first quarter of 2021, most of the capital, about 65%, went to later-stage companies. Early-stage rounds, mainly pre-seed deals, saw a slight dip but remained strong compared to previous cycles.

US startups dominated the funding scene, accounting for 38.6% of the total deal count. The UK came next with 8.6%, while Singapore and the UAE followed with 6.4% and 4.4% respectively. The uptick in US investment may reflect growing government support for digital assets.

Bitcoin price correlation

The report noted a recovery in the correlation between Bitcoin’s price movements and venture investment. The trend, which had weakened since early 2023, shows signs of strength over a multi-year horizon.

Galaxy also said that fundraising remains difficult despite the year-over-year growth. Factors such as cautious allocator sentiment and the lingering impact of the 2022–2023 downturn continue to weigh on the market.

Additionally, the rise of AI has shifted investor focus away from crypto. The AI sector now commands the level of attention that crypto held in 2021 and early 2022. This is evident with the decline in funds raised by crypto-focused venture funds, which fell to $1.9 billion during the first quarter.

Despite these challenges, Galaxy remains optimistic, noting that 2025 is already on pace to outdo the previous year’s fundraising figures.

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Data shows the Bitcoin Coinbase Premium Gap has plunged into negative territory, a sign that Binance whales may be the ones fueling the rally.

Bitcoin Coinbase Premium Gap Has Declined Alongside Latest Price Surge

As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Coinbase Premium Gap has dropped to a negative value. The “Coinbase Premium Gap” refers to an indicator that keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair).

When the metric has a positive value, it means the cryptocurrency is trading at a higher price on Coinbase than on Binance. Such a trend suggests the investors of the former are participating in a higher amount of buying (or lower amount of selling) as compared to the latter.

On the other hand, the indicator being under the zero mark implies that buying pressure may be stronger on Binance as the asset is going for a higher rate on the platform.

Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the last couple of days:

The value of the metric appears to have gone through a plummet | Source: CryptoQuant

As displayed in the above graph, the Bitcoin Coinbase Premium Gap saw a plunge into the negative territory, coinciding with BTC’s latest continuation to the recovery rally, a sign that whales on Binance may have provided the impulse for it.

Since the start of 2024, the pattern majorly observed has been that of the Coinbase whales leading the market. The platform is generally used by American investors, especially the large institutional entities, so the Coinbase Premium Gap essentially represents how the behaviour of the US-based whales has diverged from Binance’s global traffic.

The indicator being positive suggests that the American institutional investors could be buying. BTC has generally observed bullish price action whenever this trend has developed since January of last year.

From the chart, it’s visible that Binance whales have shown multiple large accumulation spikes during the last couple of days, and despite the pattern, it’s these spikes that have been kickstarting price surges, rather than Coinbase buying.

That said, the large American investors have also continued to play a role in the market at the same time, with a couple of buying spikes coming from them, in contrast to the Binance ones, adding to Bitcoin’s bullish price action. Thus, the Coinbase whales have certainly not lost their relevance.

Though, while in the past year, a negative Coinbase Premium Gap could have been taken as a bearish signal, the same isn’t true currently, given how Binance whales have actually been timing their buys ahead of the Coinbase whales. It only remains to be seen, however, whether this is a new dynamic for the market, or if it’s only something temporary.

BTC Price

At the time of writing, Bitcoin is trading around $93,600, up more than 11% in the last seven days.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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