Alex Mashinsky, the founder and former CEO of the now-defunct cryptocurrency lending platform Celsius, faces a 20-year prison sentence as the US Department of Justice (DOJ) seeks a severe penalty for his role in a multibillion-dollar fraud. The DOJ on April 28 filed the government’s sentencing memorandum against Mashinsky, recommending a 20-year prison sentence for his fraudulent actions, which led to billions of dollars in losses for Celsius customers. The 97-page memo mentioned that Celsius users were unable to access approximately $4.7 billion in crypto assets after the platform halted withdrawals on June 12, 2022. “The Court should sentence Alexander Mashinsky to twenty years’ imprisonment as just punishment for his years-long campaign of lies and self-dealing that left in its wake billions in losses and thousands of victimized customers,” the DOJ stated. Mashinsky’s personal benefit was $48 million In addition to the investor losses, the DOJ noted that Mashinsky has personally profited from the fraudulent schemes in his role. As part of his guilty plea in December 2024 , Mashinsky admitted that he was the leader of the criminal activity at Celsius, that his crimes resulted in losses in excess of $550 million, and that he personally benefited more than $48 million, the DOJ said. An excerpt from the government’s sentencing memorandum against Celsius founder Alex Mashinsky. Source: CourtListener The DOJ highlighted that Mashinsky’s guilty plea showed that his crimes were “not the product of negligence, naivete, or bad luck,” but rather the result of “deliberate, calculated decisions to lie, deceive, and steal in pursuit of personal fortune.” This is a developing story, and further information will be added as it becomes available. Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
Ray Dalio’s cautionary message underscores the precarious state of the global financial system, exacerbated by rising tariffs and shifting economic alliances. This shift towards deglobalization threatens to alter the landscape
Bitcoin Faces Critical Resistance Levels Amidst Market Volatility As Bitcoin navigates pivotal resistance zones, analysts provide unique insights into its market performance and future outlook. The recent breakthrough over three
Key points: Bitcoin has beaten out three key resistance levels in a single weekly candle. The weekly close defended the 2025 yearly open, but a subsequent dip below it is making analysis question the strength of the BTC price breakout. BTC/USD remains in a “critical zone” pending fresh support confirmations. Bitcoin ( BTC ) has broken through three key resistance levels in a week, but its biggest reclaim battle continues. Analysis from sources including popular trader and analyst Rekt Capital underscores BTC price acting in a critical area for bulls. Bitcoin breaks through “triple resistance” Bitcoin’s latest weekly candle saw a reclaim of a full three resistance lines, Rekt Capital reveals. In addition to horizontal weekly resistance, BTC/USD broke beyond a multimonth downtrend previously discussed by Cointelegraph , as well as the 21-week exponential moving average (EMA). “Bitcoin broke them all last week,” Rekt Capital commented in a post on X while uploading an illustrative chart. “Bitcoin broke the Triple Resistance.” BTC/USD 1-week chart with 21, 50 EMA. Source: Rekt Capital/X Another post highlights Bitcoin leaving both the 21-week and 50-week EMAs behind, with these traditionally offering bull market support. “Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs,” Rekt Capital summarized. BTC/USD 1-week chart with 21, 50 EMA comparison. Source: Rekt Capital/X BTC price weakness worries linger For some, however, the real test for the current BTC price rebound lies elsewhere. Related: A 'local top' and $88K retest? 5 things to know in Bitcoin this week In his latest YouTube video analysis on April 28, Keith Alan, co-founder of trading resource Material Indicators, drew attention to Bitcoin’s ongoing battle to reclaim the 2025 yearly open. At around $93,500, this level forms the key focus moving forward, with a brief dip below it after the weekly close leaving Alan concerned. “It’s one of the reasons why I think we could see more downside volatility,” he said while acknowledging the potential benefits of a fresh support retest. Alan added that he hoped the 21-week simple moving average (SMA) would hold, but that price was in a “critical zone.” Short-term BTC price magnets also include $94,000 thanks to a wall of bids in place on the Binance futures order book. The buy liquidity was flagged and uploaded to X by monitoring resource CoinGlass on April 29. Binance Bitcoin futures liquidity data. Source: CoinGlass/X This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin’s price actions continue in a rather dull manner as the asset has calmed around the $95,000 mark aside from a few fluctuations yesterday. Most altcoins have performed similarly over the past day, with little to no reportable price moves. However, TRUMP has plunged hard amid reports that the team behind it has begun to sell. BTC Consolidation Continues The primary cryptocurrency notched some big gains over the previous trading week. It all started on Monday with a price surge from $84,000 to $87,000 and $88,000, which allowed the asset to break through the upper channel boundary at $86,000. A day later, BTC flew past $90,000 for the first time since early March. The bulls continued to put pressure on the asset’s performance in the following days and the culmination arrived on Friday when bitcoin jumped to almost $96,000. That became its highest price tag in two months. Although BTC was stopped there, it managed to remain at around $94,000-$95,000 during the weekend. Its price dropped to just under $93,000 yesterday, but the bulls defended that level, and the asset trades now at around $95,000. Its market capitalization remains just below $1.890 trillion on CG, while its dominance over the altcoins is at 61%. BTCUSD. Source: TradingView TRUMP Slump(s) The Official Trump token went on a wild ride last week after it became known that the top 220 holders will attend a special dinner with the US president. However, reports have now emerged that the team behind it has moved big portions to exchanges, perhaps with the intention of selling, and TRUMP has dropped by over 7% in the past day. Other big-cap alts in the red today include PI, XMR, SUI, SOL, HBAR, XLM, ADA, DOGE, and XRP. In contrast, BCH has jumped the most, adding more than 5.5% of value. It now trades at $375. BNB, ETH, and LINK are also with minor gains over the past day. The total crypto market cap has remained essentially stagnant at just under $3.1 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post TRUMP Token Starts to Crack, Bitcoin Consolidation at $95K Continues (Market Watch) appeared first on CryptoPotato .
As global trade tensions escalate, Bitcoin is emerging as a vital asset, particularly as U.S. tariffs provoke significant capital flight and market volatility. Market experts are forecasting a substantial revaluation
Bitcoin has surpassed $95,000, showing strong upward momentum. Weakening US dollar and declining USDT dominance may benefit Bitcoin. Continue Reading: Bitcoin Surges Past $95,000: Key Factors Driving Its Momentum The post Bitcoin Surges Past $95,000: Key Factors Driving Its Momentum appeared first on COINTURK NEWS .
Conservative Leader Pierre Poilievre lost his seat in Parliament to Liberal Bruce Fanjoy during Canada’s 45th election. Mark Carney’s Liberal Party won with 162 seats, but it was unclear whether the party would form a majority or minority government. CBS News projection up until late Monday showed that Poilievre’s Conservative Party was on track to take at least 151 seats. The outcome for the Liberals showed a turnaround as they trailed the Conservatives in polls by 20 points as recently as February. Poilievre loses seat as Carney’s Liberal Party wins the elections Good riddance @PierrePoilievre . Don't let the door hit you in ass-ociation on your way out. Congratulations @brucefanjoy nobody worked harder than you to win your seat. 🇨🇦❤️🇨🇦❤️🇨🇦❤️🇨🇦❤️ pic.twitter.com/l08bJ4eyje — Bill Rice 🦋 (@2muchfun4me) April 29, 2025 Bitcoin-friendly Pierre Poilievre will not be a Member of Parliament after losing his seat in Canada’s 45th election. At the time of publication, Mark Carney has won and secured approximately 162 seats, which is enough to form at least a minority government. Data from Elections Canada showed Poilievre lost his Ottawa-area seat to Liberal Bruce Fanjoy on Monday night after a 5-week election cycle initiated by Carney last month. The current Prime Minister’s party win was also fewer than recent polls forecast, which projected that a Carney-led Liberal party would attain majority government territory with 172 seats. An Iposos poll conducted between April 1st and 3rd argued that Carney’s win would be fueled by the ongoing threats U.S. President Donald Trump made about the country’s sovereignty and the looming tariffs the White House was directing northward. CBS News reported that votes were still coming in at midnight, and it is not yet clear whether the Liberals will win enough seats to form that majority government. According to the U.K.-inspired Westminster system under which Canada operates, the Liberals would need the support of another opposition party, such as the left-leaning New Democrat Party or the Bloc Quebecois, to pass bills in the House of Commons. Carney’s party, who have secured a fourth consecutive term in power, last won a parliamentary majority in 2015. The Liberals had also relied on the support of the left-leaning New Democratic Party to pass legislation after nearly winning the 2021 election with 160 seats. Carney says he is prepared to fight against Trump’s tariffs and ideology Poilievre was hoping to capitalize on the widespread unpopularity of former Prime Minister Justin Trudeau, but Trump’s return to the White House initiated a surge in patriotic sentiment in Canada, which influenced voters around the Conservative party. After the incumbent party led the race for more than two years, their advantage died down after Carney stepped in to replace Trudeau, and tensions escalated between Ottawa and Washington. David Coletto, head of the polling firm Abacus, noted that the shift in polls was “absolutely without precedent.” He also called the complete reset in polls “unprecedented” as he noted that it came from Justin Trudeau’s unpopularity and how much of a threat and game changer Donald Trump had meant to Canada. Carney, who became prime minister in March, maintained on the campaign trail his aggression towards Trump’s trade wars and threats to turn Canada into the 51st U.S. state. “Our old relationship with the United States is over, unfortunately. And America’s leadership of the global economy is over. And this, this is a tragedy. This is still in play. But it is a tragedy. It is also our new reality. We have to recognize it.” ~ Mark Carney, Canada’s Prime Minister. The politician added that “we will fight,” and that the country was already fighting the U.S. with its own counter-tariffs. He argued that his country’s counter-tariffs will cause maximum damage in the U.S. with minimum impact in Canada. As Canada began the elections on Monday, Trump wrote on Truth Social, “Good luck to the Great people of Canada,” while he reiterated his talking point about the nation becoming a U.S. state. He urged the country to elect “the man who has strength and wisdom ” to cut their taxes in half, increase their military power, for free, to the highest level in the world, and have businesses quadruple in size “if Canada becomes the cherished 51st. State of the United States of America.” Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The landscape for US spot Bitcoin ETFs continues to evolve rapidly, showing significant investor interest. April 28 marked a particularly strong day, with these investment vehicles collectively attracting substantial capital. This inflow trend is a key indicator of market sentiment and the growing adoption of Bitcoin as an asset class through regulated financial products. How are US spot Bitcoin ETFs Performing? On April 28, US spot Bitcoin ETFs experienced a combined net inflow totaling an impressive $591.2 million. This figure represents the seventh consecutive trading day that these ETFs have seen positive net flows, according to data tracked by Farside Investors. This sustained period of inflows signals robust demand and increasing confidence among investors utilizing these accessible investment products. Understanding the performance of individual ETFs provides a clearer picture of where capital is being allocated: ETF Net Flow (April 28) BlackRock IBIT +$970.9 million ARK Invest ARKB -$226.3 million Fidelity FBTC -$86.9 million Grayscale GBTC -$42.7 million Bitwise BITB -$21.1 million VanEck HODL -$2.7 million Remaining ETFs $0 (No Change) Breaking Down the Bitcoin ETF Inflows The overall positive figure for Bitcoin ETF inflows on April 28 was heavily influenced by one major player. While the cumulative number was significant, the distribution of these flows across different funds was quite varied. The data shows a clear divergence in investor behavior, with some funds attracting massive capital while others saw significant withdrawals. The substantial net inflow highlights the ongoing interest in gaining exposure to Bitcoin through regulated, easy-to-trade structures like ETFs. The streak of seven consecutive inflow days suggests that the initial volatility in flows seen after the launch of these products is stabilizing, potentially indicating more sustained investor adoption. Why is BlackRock IBIT Leading the Charge? A standout performer on April 28 was undoubtedly BlackRock IBIT . The fund alone registered an astounding $970.9 million in net inflows. This single-day performance represents a significant portion of the total market inflow and underscores BlackRock’s prominence in the ETF space and the strong appeal of its offering to investors. Factors contributing to IBIT’s success likely include BlackRock’s brand recognition, its effective marketing efforts, and potentially competitive fee structures or perceived operational advantages. IBIT has consistently been a top performer in attracting new capital since its launch, often offsetting outflows from other funds and driving the overall positive trend in Bitcoin ETF inflows . What’s Happening with GBTC Outflows and Others? While some funds like IBIT are seeing massive inflows, others experienced net outflows on April 28. Notably, ARK Invest’s ARKB saw the largest outflow at $226.3 million, followed by Fidelity’s FBTC ($86.9 million), and Grayscale’s GBTC outflows ($42.7 million). Bitwise’s BITB and VanEck’s HODL also reported net outflows. GBTC outflows have been a consistent feature since its conversion from a trust into an ETF. While these outflows have decreased significantly from their initial peaks, they still represent investors exiting the fund, often to reallocate capital into newer, lower-fee Bitcoin ETFs. Outflows from other funds like ARKB and FBTC on a given day can be influenced by various factors, including investor portfolio rebalancing, profit-taking, or shifts in investment strategy. Understanding Broader Crypto Market Trends The activity within the US spot Bitcoin ETFs provides valuable insights into broader crypto market trends . Strong inflows into these regulated products suggest increasing institutional and retail investor comfort with Bitcoin. The sustained positive flow over seven days could indicate a potential shift in market sentiment or a steady accumulation phase by larger investors. While some outflows persist, the net positive figure across the entire group of ETFs is generally viewed as a bullish signal for Bitcoin’s price and its acceptance within traditional finance. These ETF flows are closely watched by market participants as they represent verifiable capital entering or leaving the Bitcoin ecosystem through mainstream investment channels, influencing liquidity and price dynamics. Summary April 28 was a significant day for US spot Bitcoin ETFs , witnessing a substantial $591.2 million in net inflows, extending the positive streak to seven consecutive days. This strong performance was heavily driven by BlackRock’s IBIT, which attracted nearly a billion dollars in a single day, showcasing its dominant position. While some funds, including ARKB, FBTC, and GBTC, experienced outflows, the overall picture points to robust and sustained investor interest in gaining Bitcoin exposure through these regulated financial instruments. These ongoing Bitcoin ETF inflows are a critical factor shaping current crypto market trends and signaling growing adoption. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
The world of cryptocurrency investing is constantly evolving, and recent movements in the market for US Spot Ethereum ETFs are grabbing significant attention. After a period of relatively flat activity, these investment vehicles are showing renewed signs of life, particularly as observed on April 28th. What’s Behind the Latest US Spot Ethereum ETF Inflows? On April 28th, US Spot Ethereum ETFs collectively recorded a substantial net inflow totaling $64.1 million. This figure, reported by data provider Farside Investors, marks a notable milestone: the third consecutive day these funds have seen positive net flows. This trend reversal from earlier periods of stagnation or outflows suggests a potential shift in investor sentiment or strategy regarding Ethereum exposure via regulated investment products. Understanding the dynamics of US Spot Ethereum ETF inflows is crucial for gauging institutional and accredited investor interest in the second-largest cryptocurrency. While individual investor behavior is also reflected, the structure of these ETFs often attracts larger capital allocations. A Closer Look at the Ethereum ETF Inflows: ETHA Leads, ETHW Sees Outflows Diving into the specifics of the $64.1 million total reveals varying performance among the individual funds tracking Ethereum’s spot price. BlackRock’s ETHA, one of the prominent players in the market, emerged as the clear leader for the day, attracting a significant $67.5 million in net inflows. This strong performance by ETHA alone outpaced the total net inflow, indicating that other funds experienced outflows or remained neutral. Conversely, Bitwise’s ETHW experienced net outflows, albeit on a smaller scale, totaling $3.4 million. This divergence between funds highlights the competitive landscape and potentially differing investor preferences or strategies tied to specific issuers. For many other US Spot Ethereum ETFs currently trading, holdings remained unchanged on April 28th, contributing neither to the day’s inflows nor outflows. Here’s a simple breakdown of the key movements: Total Net Inflows (April 28): $64.1 million BlackRock’s ETHA: +$67.5 million (Net Inflows) Bitwise’s ETHW: -$3.4 million (Net Outflows) Other US Spot Ethereum ETFs: No change reported Why Do These Crypto ETF Movements Matter? The activity within the Crypto ETF market, particularly concerning assets like Ethereum, serves as a key indicator for broader market trends and institutional adoption. Significant Ethereum ETF Inflows suggest growing confidence among a segment of investors in Ethereum’s long-term value proposition or potentially anticipation of future positive developments, such as regulatory clarity or wider acceptance. The consistent positive flow over three days, culminating in the $64.1 million figure on April 28th, helps build a narrative of sustained interest. While not reaching the scale of some of the initial Bitcoin ETF inflows, these figures are meaningful for the Ethereum ecosystem and the evolution of regulated crypto investment products in the U.S. What Could Be Next for US Spot Ethereum ETFs? The recent Ethereum ETF Inflows raise questions about future market direction. Will this trend continue? Several factors could influence the trajectory of US Spot Ethereum ETF flows: Regulatory Environment: Ongoing discussions and decisions by regulatory bodies, particularly the SEC, regarding the approval status of spot Ethereum ETFs, remain a major catalyst or potential headwind. Positive news could trigger significant inflows, while delays or denials could lead to outflows. Market Performance: Ethereum’s price performance and overall cryptocurrency market sentiment will undoubtedly impact investor appetite for these ETFs. Strong market rallies often correlate with increased interest and inflows. Investor Education and Adoption: As investors become more familiar and comfortable with accessing crypto exposure through regulated ETF structures, we might see a gradual increase in participation. While the recent inflows are a positive sign, the market for US Spot Ethereum ETFs is still relatively nascent compared to its Bitcoin counterpart. Volatility and uncertainty are inherent characteristics of the crypto market, and these ETFs are not immune to such factors. Actionable Insights for Investors and Observers For those watching the US Spot Ethereum ETF space, the recent data provides valuable insights: Monitor Flow Data: Daily flow data offers a real-time pulse on investor sentiment and capital movement into these specific products. Watch Regulatory Developments: Keep a close eye on news from the SEC and other regulatory bodies concerning spot Ethereum products. Consider Market Context: Evaluate ETF flows within the broader context of Ethereum’s network developments, market trends, and macroeconomic factors. The $64.1 million inflow on April 28th is a significant data point, signaling renewed investor confidence and interest in gaining exposure to Ethereum through the regulated structure of a US Spot Ethereum ETF. The leadership shown by BlackRock’s ETHA underscores the role of major financial institutions in this evolving market. While the path forward for these products involves regulatory hurdles and market volatility, the recent trend of positive Ethereum ETF Inflows is a compelling development for the crypto investment landscape. To learn more about the latest Ethereum ETF Inflows and the broader Crypto ETF trends, explore our articles on key developments shaping Ethereum institutional adoption.