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Cryptocurrency News Articles

Helium Network Battles SEC Lawsuit as HNT Drops, Render and Web3Bay Price Predictions Emerge

Jan 25, 2025 at 02:00 am

The Helium network, a decentralized infrastructure project, is gearing up to fight back against a lawsuit from the Securities and Exchange Commission (SEC).

Helium Network Battles SEC Lawsuit as HNT Drops, Render and Web3Bay Price Predictions Emerge

The Securities and Exchange Commission (SEC) has filed a lawsuit against the Helium Network, alleging that the network violated securities laws by offering unregistered devices like its “Hotspot” miners and Discovery Mapping program, which rewards users for sharing data.

The SEC claims that the network’s tokens, HNT, are securities and should have been registered with the agency. However, Helium Network’s founder, Amir Haleem, has called the lawsuit “baseless.” He said that labeling wireless access points as securities could endanger the entire decentralized infrastructure sector.

Meanwhile, the price of HNT has taken a hit, plunging 17% in just 24 hours and losing nearly 30% since 2025 began.

Render’s token (RNDR) is currently priced at $6.98, and investors are debating whether it can reclaim and surpass its previous high of $13.60. Render connects unused GPU resources with creators in fields like 3D rendering and AI, giving it unique utility in the crypto space.

The Render price prediction for 2025 is optimistic, with sources like DigitalCoinPrice suggesting it could hit between $13.67 and $15.26, while Wallet Investor predicts a peak of $14.59 by year-end. However, its future depends on broader market conditions and user adoption.

Web3Bay’s presale has officially raised over $890,000 with three presale stages sold out just days after launching. Priced right now at $0.004562625 in presale stage 4, the 3BAY web3 crypto is set to reach a $0.1959 valuation at launch. This means token holders who have joined the presale at the current batch have already secured a potential 4,200% ROI.

As with most leading blockchain networks, Web3Bay swooped into the market to serve a critical purpose: Fill the gaps left behind by traditional e-commerce platforms. But here’s the secret sauce: Web3Bay’s platform is decentralized.

Unlike platforms that rely on centralized servers vulnerable to hacks, Web3Bay distributes data across a blockchain network, making breaches nearly impossible. Web3Bay’s marketplace is also equipped with multi-signature wallets for fund security, two-factor authentication for user accounts, and smart contracts audited to minimize vulnerabilities. Even better, Web3Bay will renounce ownership of its smart contract once non-team tokens are distributed, ensuring that control lies entirely with its community.

With its 3BAY web3 crypto offering users governance rights, staking opportunities, and even a 5% discount on purchases, Web3Bay is building more than a platform—it’s creating a secure, community-driven shopping ecosystem for the future.

Long story short, Web3Bay is painting a clear picture of what online shopping will look like in a few years—secure, decentralized, and entirely user-controlled. The lesson here? Anyone passing up an opportunity like this is knowingly or unknowingly letting go of a truckload of potential gains.

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Other articles published on Jan 25, 2025