Wells Fargo is on the hook for hundreds of millions of dollars after a jury in Florida found the bank charged unauthorized fees and mishandled a trust fund established for minors. The law firm representing the Seminole Minors Per Capita Payment Trust, a trust fund set up by the Seminole Tribe of Florida to safeguard the financial futures of around 2,000 children, says Wells Fargo is set to pay $825 million in damages and over $7 million compensation for the unauthorized fees charged. The lawsuit accused Wells Fargo and eight of its executives of breaching fiduciary duty to the tribe and its children. The eight Wells Fargo executives were ordered to individually pay token damages of between $50 to $500. According to the plaintiffs’ lawyer, Wells Fargo relationship manager Kim Scott confessed to the bank’s wrongdoing during cross-examination “…Scott admitted Wells Fargo knowingly mismanaged funds, maintained inadequate records, and collected millions in unauthorized fees. Scott also revealed he had never fully reviewed the Trust’s governing documents, despite managing one of the bank’s largest accounts.” Wells Fargo was fired as the trust fund’s trustee in 2016 after officials of the Seminole Tribe conducted a review of the rate of returns. Wells Fargo’s investment strategy reportedly resulted in returns that barely kept pace with inflation. The leaders of the Seminole Tribe also questioned illegal fees amounting to $7.6 million that Wells Fargo had charged the trust. Following the jury verdict, Wells Fargo says it will appeal. A spokesperson for Wells Fargo’s Wealth and Investment Management department, Meghan McDonald, says. “We followed the [Seminole] Tribal Government’s clear and repeated instructions about the management of the trust, abided by our fiduciary duty, and delivered financial results consistent with the Trust’s mandate for the children of the Tribe during our time as Trustee. Our goal for the appeal is to address multiple courtroom rulings that we believe prevented us from sharing the full story with the jury.” The Seminole Minors Per Capita Payment Trust was set up two decades ago with the sole trustee being Wachovia Bank, which Wells Fargo acquired in 2008. The trust derived its resources primarily from the Tribe’s gaming enterprises. Currently, estimates place the trust’s assets at nearly $3 billion. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix 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. Generated Image: Midjourney The post Wells Fargo Ordered To Pay $832,000,000 in Damages After Jury Finds Lender Mismanaged and Charged Unauthorized Fees on Trust Fund for 2,000 Children appeared first on The Daily Hodl .
Bitcoin is staging a rebellion against traditional markets, gaining more than 2% while the S&P 500 and Nasdaq dropped nearly 6% in a single day. As Trump’s tariffs caused chaos, over $3.2 trillion was wiped out from stocks, yet crypto added $5.4 billion in market cap. Now traders are asking; is BTC finally breaking free from Wall Street’s grip? Decoupling From Mainstream Markets “This is insane, BTC is detaching right before our eyes,” tweeted crypto analyst Cory Bates, reacting to data showing the biggest stock market indexes in the red, with Bitcoin up 2%. In a post on X, Ryan Rasmussen, head of research at Bitwise, showed the performances of several major tech stocks since Trump’s so-called “Liberation Day.” The likes of Google, Amazon, and Meta were all down by double figures, with Apple the worst-hit, plunging almost 16% in that period. Even gold, the classic safe haven, crumbled 3%, leaving Bitcoin as the last asset standing. Crypto influencer Kyle Chassé posed a question on X, asking whether BTC could benefit from the ongoing trade war drama, to which a user emphatically responded, “Bitcoin is the only asset to be in right now.” Meanwhile, former BitMEX CEO Arthur Hayes cheekily suggested that holders of the cryptocurrency need to “learn to love tariffs” as it showed signs of dissociating with traditional financial markets. Earlier, he had predicted that Trump’s new trade policy could force central banks to start printing money, which could be good for Bitcoin. BTC to $100K? Bitcoin’s recent performance relative to Wall Street has led to some measure of optimism. Popular chartist MacroScope revisited a theory they had shared earlier of a possible “handoff,” where BTC diverges positively from gold and broader market risks, a trend not seen since 2019. “BTC positive divergence from gold and risk in past 24 hours is striking. Haven’t seen it to this extent in a long time,” wrote the analyst. In their previous post, they called it the “gold leads, BTC eventually follows” relationship. This has held true at a few key inflection points in past years, especially from 2019 to 2020, when gold rallied first, and Bitcoin exploded soon after by a whopping 344%. “A reclaim of 100k would imply a ‘handoff’ from gold to BTC,” said MacroScope. This, in their opinion, would open the door to a period of “huge outperformance” by Bitcoin over other assets. However, not everyone is convinced. “Don’t be ultra greedy on crypto this weekend,” warned Master Kenobi, pointing to a possible “rug pull” happening at the start of next week. The post Bitcoin Defies Global Market Meltdown: Is $100K Back on the Table? appeared first on CryptoPotato .
Shiba Inu was one of the early meme coins that made a name for itself in the dog meme coin category. Since then, it has amassed a loyal set of hodlers. However, the price of this token, like other meme coins, has dropped sharply. Will it rebound? Let’s find out in this Shiba Inu price prediction in April. Table of Contents What is Shiba Inu? Shiba Inu coin price prediction: short-term outlook SHIB price factors for April 2025 Currently ranked 16th with a market cap of $7.12 billion, Shiba Inu ( SHIB ) has enjoyed a decent bull run so far. Three years ago, prices reached $0.00008845, which marked its all-time high. Since then, the token has seen an 86% drop in price and is currently trading at $0.0000124, still in a continuous downtrend. SHIB 1d chart | Source: crypto.news In this article, we’ll discuss the SHIB price prediction by giving you its short and long forecasts, specifically focusing on the Shiba Inu price prediction in April 2025. What is Shiba Inu? The Japanese hunting dog breed known as the Shiba Inu is the emblem for the Ethereum-based altcoin, a cryptocurrency distinct from Bitcoin. It is commonly believed that Shiba Inu is a substitute for Dogecoin; in fact, Shiba Inu supporters have previously referred to it as “the Dogecoin killer.” Shiba Inu is a meme coin, a cryptocurrency linked to a certain theme, such as the Shiba Inu, but sometimes introduced as an inside joke or parody rather than as a useful digital commodity. Founded in August 2020 by an unidentified person or organization known as Ryoshi, Shiba Inu is currently run by Shytoshi Kusama. Now, let’s discuss the Shiba Inu price prediction for April 2025, both from a technical point of view and also considering some fundamental factors that could affect the price. What can be a realistic projection for the SHIB token? Let’s analyze this token for a short-term outlook and then discuss the Shiba Inu price prediction for April. You might also like: Shiba Inu dips as Shibarium breaks through 1b in transaction volume for the first time Shiba Inu coin price prediction: short-term outlook According to CoinCodex’s SHIB price prediction for the near future, the token is predicted to drop by -2.19% and reach $0.00001268 by April 28. Analysts on X believe SHIB is trading in a falling wedge pattern and preparing for a big breakout. #SHIB /USDT ANALYSIS SHIB is consolidating within a falling wedge pattern, trading just below the wedge’s resistance trendline. The 50MA is acting as an additional barrier above the pattern. A solid breakout would signal a bullish trend, while a breakdown below the support… pic.twitter.com/az02dXluJj — The Crypto Express (@TheCryptoExpres) March 12, 2025 Overall, the X bias is bullish for SHIB, but it doesn’t guarantee that the price will breakout upward only in April 2025. #SHIB #SHIB Analysis: The price is navigating a descending channel on the 1-hour chart, poised for a strong upward breakout and retest. Currently bouncing off support at 0.00001100, the RSI shows a downtrend nearing a break, indicating bullish momentum. Key is maintaining… pic.twitter.com/8AfLofLMf3 — Andrew Griffiths (@AndrewGriUK) March 27, 2025 SHIB price factors for April 2025 A number of important factors will determine Shiba Inu’s future price movements in April 2025. Bitcoin has historically set trends for the entire cryptocurrency market. Since SHIB and other altcoins tend to move in tandem with Bitcoin, any significant changes in the price of Bitcoin ( BTC ) will have a direct effect on the SHIB token. If BTC goes into another bull run, SHIB is likely to see a similar surge because investors tend to look to meme coins for speculative gains when the market is generally bullish. On the other hand, if BTC experiences further price corrections or stagnation, SHIB’s price may also decline. The ecosystem of SHIB has been growing, especially with the creation of its layer-2 blockchain solution, Shibarium. SHIB tokens may find additional applications as the platform expands and integrates more fully with the larger blockchain ecosystem. Shibarium might increase SHIB’s demand and usefulness and possibly drive up its price in 2025 if it draws in more users, developers, and decentralized apps (dApps). The long-term viability of Shiba Inu’s ecosystem will depend on its ongoing adoption and scalability. In summary, BTC’s price fluctuations, regulatory changes, and macroeconomic trends will all be significant factors in determining Shiba Inu’s course in April 2025. SHIB might do the same if BTC recovers and the mood of the cryptocurrency market as a whole improves. On the other hand, further pessimism or adverse regulatory changes may cause the token to enter a more severe correction. You might also like: Shiba Inu price targets a 60% jump as Shibarium enters its ‘gold age’ Is Shiba Inu a good investment? Before investing in any cryptocurrency including SHIB , please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a price point that was once considered a very strong support or resistance may become invalid in a very short time. Hence it is advisable to do your research on the price action before having any price expectations for the future of the SHIB token. Will Shiba Inu go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on. While it is hard to determine how high the SHIB token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general. It is also vital that you rely on financial experts and consult them for SHIB price prediction, but even after all that, you should remain cautious as no one can accurately predict how high or low SHIB can go. Should I invest in Shiba Inu? Before investing in any cryptocurrency or trusting any SHIB price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment and their success not only relies on market volatility but also on the constant and sustainable growth of its community. Hence it is advisable to do your research on the token’s fundamentals which may very well decide the future of the XRP token. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins. Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline. According to an analysis on X , Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins. According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally. “The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.” Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1. Long-Term Plan For Pi Hangs In The Balance While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin. “The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.” Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays. Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward. While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point. The post Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price appeared first on CoinGape .
The anonymous creator of Bitcoin, known as Satoshi Nakamoto’s birthday is believed to be today. The mysterious inventor’s 50th birthday comes at a time when the world’s first crypto is becoming more accepted by institutions and governments, especially by the number one economy, the US. Satoshi Nakamoto’s real identity is still unknown. However, based on information shared in the past, the person who created Bitcoin is thought to have turned 50 today, April 5. Nakamoto once said he was 37 years old and lived in Japan. He listed his birthday as April 5, 1975, according to old information from his P2P Foundation profile. Satoshi’s publicly available information. Source: web.archive.org The Bitcoin evangelist Michael Saylor wished him a happy birthday on his X account. Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This marked the first major step toward integrating Bitcoin into the US financial system. Anndy Lian, author and intergovernmental blockchain expert, said, “At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty.” Other BTC investors have joined to say happy birthday as many call him a legend. However, not everyone thinks Satoshi is alive. For instance, Galaxy Digital CEO Mike Novogratz recently said, “If Satoshi was alive (cause I don’t think he is), I’m sure that he’d have a big smile on his face.” Satoshi Nakamoto’s anonymity is an advantage for Bitcoin The identity of Nakamoto is still one of the biggest mysteries in crypto. Cryptographers like Adam Back and Nick Szabo have made suggestions and more general ideas involving government spy agencies. However, the fact that Nakamoto stays anonymous has been very important for keeping the Bitcoin network decentralized. In other words, he made sure that Bitcoin wouldn’t have a leader or central figure whose personal goals could affect the system by hiding his real name. This means that it doesn’t have a single authority or leadership. Even though Bitcoin went from $0 to an all-time high above $109,000 in January, the address linked to Nakamoto, which holds more than 1 million BTC has been dormant for more than 16 years. In fact, Arkham Intelligence reported in February that Nakamoto was the owner of 1.096 million BTC, which was worth more than $108 billion at the time. Bitcoin could decline further As the market as a whole fell this week, Bitcoin also dipped below $82,000. Tracy Jin, COO of the crypto exchange MEXC , has made a new statement about the price of Bitcoin. She says it could drop to the $52,000 to $56,000 range by the summer of 2025. This is because trade tensions are rising, the market is volatile, and people are losing faith in Bitcoin as a safe haven asset. Bitcoin’s price fell, and at the same time, stock markets like the Nasdaq Composite and S&P 500 fell sharply. This was mostly because President Trump announced trade tariffs on big U.S. trading partners that have never been done before. The tariffs, which the Trump administration called “Liberation Day” steps, caused market volatility immediately. In just 24 hours, the crypto market saw $293 million in long positions and $220 million in short positions liquidated. This is just the start, as Trump’s loud comments, which he often makes on social media, and retaliatory taxes are likely to make these swings even bigger. Meanwhile, the price of Bitcoin is $82,709 as of today. It has dropped by 0.3% in the last 24 hours and is going in the same direction as the last few weeks. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Will Bitcoin Crash Again? Bearish Pattern Spotted appeared first on Coinpedia Fintech News Amid the ongoing tariff war, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, is poised for a massive price crash due to its bearish price action. In recent days, BTC appears to be consolidating within a tight range. However, upon closer examination, it seems to have formed a bearish head and shoulders pattern on the four-hour time frame. Current Price Momentum It seems like the market isn’t reacting to any positive news. Earlier, following Treasury Secretary Scott Bessent’s bold statement, BTC along with major assets began to rebound, but the upside momentum later faded and all gains were lost. Currently, BTC is trading near the $82,500 level and has recorded a price decline of over 1.10% in the past 24 hours. During the same period, its trading volume dropped by 50%, indicating lower participation from traders and investors due to notable market volatility. Bitcoin (BTC) Technical Analysis and Upcoming Levels According to expert technical analysis, with the recent price decline, BTC is heading toward the neckline of the bearish head and shoulders pattern. Source: Trading View Based on recent price action and historical patterns, if this momentum continues and BTC breaches the neckline at the $81,500 level, there is a strong possibility it could decline by 4% to reach the $78,200 level in the near future. As of now, the asset is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames, indicating a strong downtrend and weak momentum. Traders typically wait for a price jump to short the asset, which explains the recent price spike and subsequent drop within less than 24 hours. $175 Million Worth of BTC Outflow Despite the bearish outlook, investors and long-term holders seem to be accumulating the asset, as reported by the on-chain analytics firm Coinglass. Source: Coinglass Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of approximately $175 million worth of BTC over the past 24 hours. Such outflow during a bearish market sentiment suggests potential accumulation. While this can create buying pressure and trigger an upside rally, it typically occurs during a bull run.
Crypto analysts are locking in bold targets for 2025, with some now forecasting Cardano (ADA) at $5 and MAGACOINFINANCE with the potential to reach $1. With Bitcoin (BTC) regaining steam and Solana (SOL) holding strong, the stage is set for fresh challengers like MAGACOINFINANCE to deliver unmatched returns. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW Early Entry Window Closing Fast on MAGACOINFINANCE Unprecedented Growth Potential MAGACOINFINANCE has officially raised over $4.8 million, making it one of the most talked-about crypto launches of the year. With only 100 billion tokens available and strong interest from retail and whales alike, the rush is on. Listing speculation continues to drive demand upward. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X Multiply Your Position with the 50% Bonus Advantage At the base price of $0.0002704, MAGACOINFINANCE targets an ROI of 2,488% to its $0.007 listing—that’s 25.88x.Apply promo code MAGA50X and lower your cost to $0.0001802, increasing your return potential to 3,784%, or 37.84x.That turns a $500 investment into $18,920—no guesswork, just math. SOL, XRP, AVAX, HBAR: Holding Ground, Watching the Newcomer Solana (SOL) – Around $125.77, continuing to dominate fast blockchain networks.XRP – At $0.62, still building in financial infrastructure.Avalanche (AVAX) – Near $46.23, growing through network innovation.Hedera (HBAR) – Priced at $0.109, expanding use cases in enterprise platforms. CLICK HERE TO JOIN THE NEXT BIG BILLION DOLLAR PROJECT Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: ADA to $5 and MAGACOINFINANCE to $1? 2025 Predictions Are In
Cryptocurrency journalist Eleanor Terrett has shared a remarkable development in the long-running case between Ripple and the U.S. Securities and Exchange Commission (SEC). According to Terrett, a petition filed with the word “urgent” in the case file requests the presentation of “decisive evidence” in favor of the defendant Ripple and “the freedom of the American people.” The petition in question belongs to a man named Justin W. Keener, who is not a party to the case but claims to have an interest in its outcome. In the petition, Keener claims that he “miraculously” has private data and information in his possession that could shed light on “the nightmare we have been subjected to unknowingly” for the past 10 years. Related News: Arthur Hayes Says Bitcoin Holders Should Love Tariffs, Explains Why However, the petition did not specifically state what this “decisive evidence” was or how it would benefit Ripple. According to Terrett’s research, Keener was recently sued by the SEC for being an unregistered stock dealer (penny stock). The court ordered Keener to pay more than $10 million in fines. *This is not investment advice. Continue Reading: A New Motion Filed in the Ripple-SEC Case as “Urgent”: Allegedly “Decisive Evidence”
Bitcoin is trading at $82,560 to $82,944 over the last hour with a market capitalization of $1.64 trillion and a 24-hour trading volume of $24.98 billion. Within the last 24 hours, bitcoin fluctuated between $82,497 and $84,497, signaling heightened volatility within a clearly defined intraday range. Bitcoin Bitcoin‘s 1-hour chart reflects a bearish micro-trend characterized
In a recent statement, Ki Young Ju, CEO of CryptoQuant, proclaimed that the Bitcoin bull market cycle appears to have concluded, as reported by COINOTAG on April 5th. This assessment