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Scams, Deepfakes, and DeFi: How Indonesia’s Bareskrim Cracks Down on Crypto-Related Crime
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Scams, Deepfakes, and DeFi: How Indonesia’s Bareskrim Cracks Down on Crypto-Related Crime #WORDOFTHEDAY✅

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$ETH As of May 16, 2025, Ethereum (ETH) is experiencing a dynamic market scenario. After a period of underperformance compared to Bitcoin, ETH has shown signs of recovery in May, with a notable price increase. Currently trading around $2,570 - $2,620, ETH is attempting to solidify its position above the $2,500 support level and target the $2,654 resistance, with a longer-term psychological target of $3,000 in sight. Several factors are influencing this current scenario. The recent completion of an upgrade cycle and steady growth in staking participation have renewed investor interest. Ethereum-based layer-2 solutions continue to secure significant value, reinforcing the underlying demand for ETH for settlement. However, there's also selling pressure from long-term holders, indicating some caution about sustained price increases. Overall market conditions and potential risk aversion among investors could also impact ETH's trajectory. Technical analysis suggests a potential for further upward movement if ETH can maintain support levels, while a drop below $2,344 might signal a deeper correction.

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$USDC The USDC (USD Coin) is currently the second-largest stablecoin by market capitalization, aiming to maintain a 1:1 peg with the US dollar. As of May 16, 2025, its price hovers around $0.9999, demonstrating high stability with minor fluctuations. With a market cap of approximately $60.6 billion and a 24-hour trading volume of around $12 billion, USDC showcases significant liquidity and adoption within the cryptocurrency ecosystem. USDC operates on multiple blockchain networks, including Ethereum, Solana, and others, facilitating its use in various decentralized finance (DeFi) applications, trading, and payments. It is issued by Circle, a regulated financial technology company that emphasizes transparency through monthly attestations of its reserves, which consist primarily of cash and short-term US Treasury bills held in regulated US financial institutions. While generally stable, USDC briefly experienced a slight deviation from its peg in March 2023 due to the Silicon Valley Bank collapse but quickly recovered. Its growth in circulating supply throughout 2024 and early 2025 indicates increasing adoption and trust in the stablecoin.

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