Filecoin news

Filecoin and Akave Cloud have released an S3‑compatible object storage service aimed at easing enterprise and DePIN adoption of decentralized storage, according to a Filecoin blog post. By mirroring AWS‑style APIs, the plug‑in lets organizations integrate blockchain‑based storage without overhauling existing systems, targeting a long‑standing barrier of cost and complexity. The platform couples Filecoin’s Proof‑of‑Replication with a new Proof‑of‑Data‑Possession mechanism that demonstrates hot data is immediately accessible, supporting both archival and “warm” use cases such as AI training and analytics pipelines. All actions are immutably logged on‑chain, providing auditability for regulated backups and compliance, while encrypted, erasure‑coded storage is designed for 11‑nines durability. Akave lists lower costs, cloud‑tool compatibility, on‑chain audit trails and jurisdictional data sovereignty as the four drivers for migration, marking a strategic push to broaden institutional use of Filecoin’s marketplace.

Filecoin Foundation and Lockheed Martin Space successfully demonstrated the InterPlanetary File System (IPFS) on a satellite orbiting Earth, announced at the Consensus 2025 conference in Toronto. The decentralized protocol, traditionally used for cloud storage, was adapted for space, enabling data to be identified by content rather than location, which improves privacy, security and resilience to radiation‑induced corruption. IPFS’s content‑addressing lets data be retrieved from the nearest node—whether a user’s device, a nearby satellite or a lunar station—cutting communication delays that become significant beyond Earth’s orbit. Its distributed architecture also stores multiple copies across the network, enhancing reliability for sensitive payloads such as satellite imagery and potentially benefiting media archives and military record‑keeping. Filecoin’s FIL token, used within the ecosystem, has a market cap of about $1.8 billion as of mid‑May 2025. The partnership signals growing interest in decentralized archival storage for both commercial and defense applications.

Crypto market volatility continues as altcoins become more reliant on internal developments than external signals. Filecoin (FIL) is trading near $2.50 after rebounding from a 27 % March drop, with $2.26 support holding steady; a breakthrough past $2.63 could lift the price toward $2.99, while a failure could see it retreat to $2.00. EigenLayer (EIGEN) is targeting the $0.86 resistance linked to its upcoming Slashing upgrade, with upside potential to $1.00, yet missing that level could bring the price back to $0.69 after a 41.5 % loss at month‑end. Official Trump (TRUMP) recovered from an all‑time low of $7.14 to $8.33, but the April 18 token unlock of 40 million coins—worth $331 million—may create selling pressure that could return the price to the low unless it surges past $9.11. Traders will watch these critical levels throughout the third week of April for signs of reversal or further decline.

As Q1 2025 ends bearish, BeInCrypto spotlights three altcoins that could rebound before March’s final close. Filecoin (FIL) climbed 18% to $3.13, just below a $3.23 resistance that could flip into support and lift the price toward $3.56. Animecoin (ANIME) is targeting $0.0201 before its mainnet launch; success could lift it past $0.0230 to $0.0268, but failure might drop it to $0.0156. Kaspa (KAS) trades at $0.077 near $0.078; the upcoming Testnet 10 Crescendo mainnet could push it to $0.089, yet a breakdown may pull it to $0.069. Clearing these resistances could catalyze a stronger Q2 start, whereas missing them may trigger sharp declines.

Investors eye five DePIN altcoins in November 2024 as the sector gains traction. Bittensor’s TAO token fell 15% to $510.86, sits just below its 20‑day EMA and could climb toward $681.85 if it holds above the 50‑day line, but might fall to $397.32 if it breaks that level. Filecoin (FIL) has traded near $3‑$4, returning 10% since October 26, and may test $4.29, though a pullback could push it to $3.41. JasmyCoin (JASMY) trades around $0.019, with a falling‑wedge setup that could drive it to $0.034, or retreat to $0.016 on a failure to breach $0.020. Livepeer (LPT) has slumped 25% to $10.68, defended that support, and might break $11.84 and rise toward $15.23, but could fall to $9.96 if buying wanes. Grass (GRASS), new this week, is testing $1 and could near $2 in November as price discovery continues.

The U.S. Securities and Exchange Commission has widened its lawsuit against Binance by adding several new tokens to the list of alleged securities, including Axie Infinity Shards (AXS), Filecoin (FIL), Cosmos’ ATOM, Sandbox’s SAND, and Decentraland’s MANA. In the updated complaint, the SEC claims Binance and its U.S. affiliate, BAM Trading, facilitated the trade of these unregistered securities and actively promoted them to customers as investment opportunities. The agency also reiterates that Binance operated illegally as an unregistered exchange, broker‑dealer and clearing agency, and failed to provide adequate disclosure of the risks and legality of token trading on its platforms. Critics have highlighted apparent contradictions in the SEC’s position, noting that the agency has called “crypto asset security” a made‑up term and has previously asserted that XRP is a security. The lawsuit reflects the SEC’s broader effort to regulate digital assets as securities and intensifies scrutiny of major crypto exchanges.