Jason Pizzino warns of further losses in XRP, Solana, and Ethereum. Technical indicators suggest continued downward trends for these cryptocurrencies. Continue Reading: Market Expert Warns of Potential Decline in Major Cryptocurrencies The post Market Expert Warns of Potential Decline in Major Cryptocurrencies appeared first on COINTURK NEWS .
The rout in the broader digital currency ecosystem did not impact some assets like Fartcoin, the memecoin linked to the Solana blockchain. As against the more than 8% drawdown in the combined market cap at the peak of the selloff on April 7, Fartcoin price maintained a more than 20% uptick. Per the token’s performance, the speculation of a memecoin-driven market recovery is gaining momentum. Fartcoin Price and Decoupling Trends Despite the strong correlation that most digital currencies maintain with Bitcoin, the Fartcoin price displayed rare decoupling today. At the time of writing, the memecoin was changing hands for $0.5482, up by more than 20% in the past 24 hours per CoinMarketCap data . Beyond the Solana memecoin’s price, other important metrics are also green. For instance, the coin saw its trading volume jump by more than 159% to over $370 million. This proof of engagement has helped the memecoin maintain a steady price above $0.5 amid volatility. An earlier Fartcoin price analysis explored the prospect of the token soaring to $1.4. Historically, the token has always outperformed the broader market. The currently staged uptick might trigger its sustained rebound in the coming weeks in its bid to hit new heights. Solana Memecoin Revival: Fartcoin To Lead? Finding one token to serve as an outlier within a functioning blockchain ecosystem is not uncommon. While top tokens like BONK and Dogwifhat are underperforming, Fartcoin may be geared to lead the broader Solana revival. The pivot to memecoins is already gaining traction with the rebranding of PumpFun. As reported earlier by CoinGape, the meme launchpad recently launched PumpSwap as a decentralized exchange to power its supported tokens. Shortly after, PumpFun launched PumpFi , a liquidity boost protocol for its users. PumpFun helped push Solana’s price to a high of $294 before community backlash forced it to take the backstage. However, if the rebrand efforts and the relaunch of the PumpFun livestream turbocharge interest, Solana, Fartcoin, and associated assets may skyrocket further in due course. Market Outlook to Watch The headwind suppressing the price of most risk-on assets is the Donald Trump-fueled tariff war. While this is temporary, many digital currencies are poised to regain their lost valuations. With the stock market correlation with digital currencies, protocols like Solana may pick on other bullish attractions within their ecosystems to stage a rebound. The growing push for a SOL ETF from Fidelity Investments and other asset managers creates a tailwind for the underlying asset. If all the bullish factors around Solana play out, tokens like Fartcoin may see a retest of $2 in the long term. The post Solana’s Fartcoin Jumps 20% Despite Market Selloff, Is $2 Breakout At Play? appeared first on CoinGape .
Key Takeaways: A lawsuit against the DHS seeks to uncover Satoshi Nakamoto’s identity, reigniting debates over Bitcoin’s mysterious origins and its decentralized ethos. The case could pressure the U.S. government to clarify its claims about interviewing Bitcoin’s creator, potentially revealing insights into the cryptocurrency’s creation. Unmasking Satoshi may reshape Bitcoin’s narrative and affect people’s sentiment towards it. A prominent crypto lawyer has filed a lawsuit against the U.S. Department of Homeland Security (DHS) in an effort to uncover what the agency may know about the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin . James Murphy, known on social media platform X as “MetaLawMan,” filed the complaint in a Washington D.C. District Court. The lawsuit, which was filed on April 7, seeks to compel DHS to release documents under the Freedom of Information Act (FOIA). It is centered on claims made by a DHS special agent in 2019 that the agency had identified and interviewed the person or persons behind Bitcoin. The filing references statements made by DHS Special Agent Rana Saoud at the 2019 Offshore Alert Conference, a gathering focused on financial intelligence and investigations. During her presentation, Saoud reportedly stated that the department had located the creator of Bitcoin and that the individual was not acting alone but was part of a group of four people. According to Murphy, Saoud said DHS agents interviewed these individuals in California, where they explained how Bitcoin works and why it was created. To date, DHS has never publicly confirmed or denied the claims or disclosed any supporting documentation. In his legal challenge, Murphy is requesting access to interview notes, internal emails, and any other records related to the alleged meeting with Nakamoto and his collaborators. MetaLawMan Seeks DHS Records in Hunt for Satoshi Nakamoto In a post on X, Murphy wrote , “The Great Mystery of the 21st Century—Who is Bitcoin Creator ‘Satoshi Nakamoto?’ The United States Government claims to know the answer—but isn’t talking. So, today I sued the U.S. Government to find out exactly what it knows.” For the record: -I have been an investor in bitcoin & other cryptocurrencies for many years. -I started mining bitcoin in 2017. -I support the President's initiatives to establish a Strategic Bitcoin Reserve & Digital Asset Stockpile. -I will provide updates on the progress of… — MetaLawMan (@MetaLawMan) April 7, 2025 Murphy is being represented by former Assistant U.S. Attorney Brian Field, an attorney experienced in FOIA litigation. He emphasized that the case is not about speculation but about seeking documented truth. “If the interview really happened as the DHS agent claimed, there should be documentation of the substance of that meeting,” Murphy said. He also suggested that DHS Secretary Kristi Noem should voluntarily disclose the requested information to support the government’s transparency efforts. “It is entirely possible that the DHS agent was mistaken and DHS did not interview the real Satoshi,” Murphy added. “If DHS resists disclosure, I will pursue the case to conclusion to solve this mystery.” A DHS spokesperson did not immediately respond to requests for comment. The identity of Satoshi Nakamoto has remained one of the most enduring mysteries in cryptocurrency. Since Bitcoin’s whitepaper was released in 2008 and the first block was mined in 2009, speculation has ranged from individuals to groups and even intelligence agencies. The potential unmasking of Nakamoto has long divided the crypto community. Some see it as a long-overdue revelation, while others warn that it could damage Bitcoin’s decentralized ethos. The legal case now puts new pressure on a U.S. government agency to either confirm or deny whether it holds information that could end the search for Bitcoin’s enigmatic creator. Satoshi Turns 50 Amid Identity Clues As the mystery around Satoshi Nakamoto deepens, April 5, 2025, marked what many believe to be the Bitcoin creator’s 50th birthday, based on a birthdate listed on their archived P2P Foundation profile . The milestone comes as legal and public pressure intensifies to uncover Nakamoto’s identity. A flurry of attempts over the years, from speculation around cryptographers to wild theories involving intelligence agencies, have all yielded no definitive answers. However, Coinbase’s Conor Grogan recently suggested that Kraken may hold KYC data linked to Satoshi’s past exchange activity via CaVirtEx, a Canadian platform acquired in 2016. I went through Satoshi Nakamoto's wallets; thread of new findings that I don't think have been previously reported including: -My best guess is that Satoshi was last active onchain in 2014 -He may have used a Canadian BTC exchange (!) -Kraken may know the identity of Satoshi pic.twitter.com/ajD2A73fm8 — Conor (@jconorgrogan) February 5, 2025 As the crypto community awaits the outcome of new legal action, Bitcoin’s origin remains an unresolved chapter in its history. Frequently Asked Questions (FAQs) What might this lawsuit mean for government transparency in crypto? It could set a precedent for holding governments accountable for information they possess that might be needed in any case. Could revealing Satoshi’s identity impact Bitcoin’s market stability? Yes, if Satoshi’s wallets become active or their identity creates controversy, it could trigger market volatility and shake investor confidence. The post Crypto Lawyer Sues DHS Over Satoshi Nakamoto Identity Records appeared first on Cryptonews .
Stablecoin company Cap has raised $11 million in seed funding led by Franklin Templeton, Susquehanna International Group, and Triton Capital to advance its yield-generating stablecoin protocol. Franklin Templeton Backs Cap’s $11M Seed Round Stablecoin company Cap has raised $11 million in a seed funding round led by Triton Capital, Franklin Templeton, and Susquehanna International Group.
The cryptocurrency market witnessed intense volatility on Monday, triggered by conflicting reports concerning U.S. tariffs under President Trump’s administration. Bitcoin shot up from $75,000 to over $81,000 before dropping back below $79,000. The marked volatility stemmed mainly from market speculations that the White House may put on hold tariff increases for 90 days. The confusion stems from statements made by President’s Economic Adviser Kevin Hassett. In an interview, Hassett gave an ambiguous hint about Trump that he might reduce tariffs, pointing to the possibility of some flexibility in negotiations. This statement boosted the confidence of financial markets, sending Bitcoin and other digital currencies to rally sharply. However, all these gains were short-lived when the White House dismissed these rumors, stating that it had no knowledge of any tariff pause. There was assurance that tariffs would indeed go through as planned on April 9th. Crypto and traditional markets feel an immediate impact In the same manner as Bitcoin, other cryptocurrencies also fluctuated substantially. Ripple’s XRP token surged by nearly 10% to $2 before the pump was reversed. Ethereum (ETH), the second-largest of all cryptocurrencies, tumbled gradually down to around $1,545.77, which is 13.7% lower than the results that came immediately after Trump’s first announcement of the tariffs. Even the traditional markets exhibited similar erratic movements. Following Hassett’s comments, the S&P 500 rose 6% before quickly erasing its gain on the rejection of the White House tariff pause rumor. Collectively, Wall Street has declined by more than 11% since last Wednesday, which captures the worries of investors across the world. Crypto-related equities also suffered considerably. Coinbase Global Inc.(COIN) fell by as much as 4%, and MicroStrategy (MSTR), which holds a significant amount of Bitcoin, sank by 11%. Bitcoin mining stocks were hit even harder and dropped more than 10%, while hashprice, arguably key to mining profitability, declined to around $42.40. Escalating trade war raises long-term market risks These market reactions suggest that investors are increasingly concerned about trade relations between the US and China. President Trump previously announced aggressive tariff measures, setting a 10% tariff across the board and higher tariffs selectively on China. In return, China levied a 34% tariff on imported US products, which recently made Trump threaten to apply tariffs of 104%. The People’s Daily pointed out that China had sufficient measures to respond to the tariff aggression and was fully prepared to confront the “US tariff bullying.” This commentary indicated that similar tensions had been addressed after years of experiencing pressure from Washington. Trump further asserted that there would be no deal with China unless the country sorts out the trade deficit problem in America. He added that the EU and Japan may experience more tariffs if they do not find a resolution to address the bilateral trade deficit. Trump’s tariff threats have already proven costly for cryptocurrency markets. Since the announcement was made last Wednesday, Bitcoin has been down by about 5.5% or $4,553. However, Ethereum saw a much sharper decline, which suggests that even more investors are being risk-averse in the altcoin space. Ripple has also been down by about 7.7% during the same duration, reflecting the general market sentiments. With tariffs starting tomorrow, April 9, analysts expect more volatility to happen. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Galaxy Digital seeks to enter the U.S. market through restructuring and new listing. Continue Reading: Galaxy Digital Takes Bold Steps to Enter the U.S. Market The post Galaxy Digital Takes Bold Steps to Enter the U.S. Market appeared first on COINTURK NEWS .
Crypto attorney James Murphy, also known on X as MetaLawMan, just filed a lawsuit against the U.S. Department of Homeland Security in Washington, D.C., demanding the release of information that could expose the true identity of Satoshi Nakamoto, the unknown figure behind Bitcoin, according to a report by Crypto In America. James filed the case in D.C. District Court with the help of Brian Field, a former Assistant U.S. Attorney who now focuses on Freedom of Information Act cases. The target is a 2019 public statement made by Rana Saoud, a DHS Special Agent, who claimed during a conference that the U.S. government had already figured out who created Bitcoin. Rana said the creator wasn’t one person but four individuals, and claimed they were all interviewed by DHS agents in California, where they explained what Bitcoin was and why they made it. James wants the government to release the identities of those four people. He believes if the U.S. has that kind of information, it shouldn’t be kept secret. “If the government does indeed have this information, as the DHS Special Agent has claimed, it should not be withheld from the public,” James reportedly said in a statement to Crypto In America. James pointed out that Bitcoin’s global impact makes this information a public issue, not just a government secret. The lawsuit zeroes in on that 2019 DHS presentation. Rana’s exact words from the event are referenced in the case. She claimed the agency had both identified and located the creators of Bitcoin, had interviewed them in California, and had heard directly from them about the development and reasons behind it. Despite that claim, DHS has never publicly confirmed those interviews or revealed any of the names. Lawyer demands transparency from DHS under Trump administration James says he’s hoping for cooperation under the current Trump administration, which promised more openness from federal agencies. He’s appealing to DHS Secretary Kristi Noem, saying she could choose to hand over the information now, without dragging the case through a long court process. “My hope is that Secretary Noem will embrace transparency in this instance and share this information voluntarily,” James said. “However, if she does not, we are prepared to pursue this litigation as far as necessary to solve this mystery.” He made it clear he’s willing to go the distance to get the answer. James is not the first to try and uncover who Satoshi is, but this time it’s a legal fight, not just speculation or online theories. Some in the crypto community have supported the effort, while others believe finding out who Satoshi is could destroy the appeal of Bitcoin—which was built to be free from central control. The community remains split. Some believe knowing Satoshi’s identity would bring clarity, while others say it could threaten Bitcoin’s decentralized status. If these four creators are real, still alive, and have access to early wallets or private keys, then a major chunk of Bitcoin could technically be controlled. That would punch a hole in everything Bitcoin was supposed to stand for. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Pakistan has just become the latest country to take public interest in crypto, tapping Changpeng Zhao, the co-founder of the world’s largest crypto exchange, Binance, to set up a platform that will be able to compete globally in digital finance. CZ’s role as a guardian will see him bring all his years of experience in the crypto space to Pakistan’s newly formed crypto council. As a strategic advisor, he will be responsible for advising them on matters of regulation, infrastructure, education and adoption, according to a statement issued by the finance ministry. Honored to help Pakistan 🇵🇰 adopt crypto! https://t.co/31EwW1HlsR — CZ 🔶 BNB (@cz_binance) April 7, 2025 Pakistan turns to crypto in desperate search for investors Partnering with CZ is a tactic; the appointment comes at a time when Pakistan is desperately in the market for investments that can bolster the country’s economy, which dodged a financial default in 2023. The government is looking to draft a legal framework for cryptocurrency trading in hopes that the new development, a forward-thinking one, would attract foreign investors. “We are sending a clear message to the world: Pakistan is open for innovation,” Finance Minister Muhammad Aurangzeb shared in the statement. “With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.” Crypto trading has been steadily gaining traction among Pakistan’s 230 million population even though its central bank has regularly raised alarms about the risks posed by the industry. “Pakistan is opening its doors to the future of finance,” said Bilal Bin Saqib, CEO of the crypto council. “And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.” Saqib is the recipient of the 1632nd Points of Light Award, awarded by the British Prime Minister to recognize change-makers in the country. Honoured to lead as CEO of the Pakistan Crypto Council, working with our esteemed board and Chairman, the Finance Minister, at a defining moment for our nation. With Pakistan ranking in the top 10 for global crypto adoption and an estimated 25M+ active users, alongside a $30B+… https://t.co/iFRlHXOtXU pic.twitter.com/laj0arzpN9 — Bilal bin Saqib MBE (@Bilalbinsaqib) March 15, 2025 Before he became the CEO of the PCC, Saqib was appointed Chief Advisor to the Finance Minister of the Pakistan Crypto Council. As CEO, he will reportedly put his knowledge and experience to work in the nation’s favor to integrate cryptocurrency and blockchain technologies into its financial ecosystem while making sure they develop a robust regulatory framework for digital assets in alignment with global best practices. CZ believes crypto can unlock limitless potential News of CZ’s appointment was announced on April 7, 2025, while he was on a visit to Islamabad, where he had meetings with high-ranking officials, including the Prime Minister, Finance Minister Senator Muhammad Aurangzeb, and leaders from the State Bank of Pakistan and the Securities and Exchange Commission. 🚨 Calling all AI engineers! @cz_binance is hiring AI engineers for @GiggleAcademy ! This is your chance to build the future of education alongside a legend. One project. Endless impact. #AI #jobs pic.twitter.com/TIuTbrIU1J — Bilal bin Saqib MBE (@Bilalbinsaqib) December 9, 2024 “Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless,” CZ said during the announcement. The Pakistan Crypto Council, established under the Finance Division, is leading the digital transformation initiative. The council aims to regulate and integrate blockchain technology and digital assets into the nation’s financial ecosystem, making it one of the driving forces of crypto adoption in the country. The appointment comes after CZ signed a memorandum of understanding (MoU) last week with the Kyrgyz Republic’s National Investment Agency (NIA) to boost blockchain growth in Kyrgyzstan. 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 Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment. Source: Coinglass Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL appears bearish despite the ongoing price recovery. On April 6, 2025, SOL broke down from its prolonged key support level of $115 and also closed a daily candle below that level, a level it had held since March 2024. Source: Trading View This breakdown has pushed SOL into an extremely bearish phase. However, the ongoing price recovery appears to be a retest of the breakdown level. Based on the recent price action and historical momentum, if SOL remains below the $115 level, there is a strong possibility it could decline by 30% and reach the $77 level in the near future. Source: Trading View This bearish outlook is strongly supported by momentum indicators such as the Relative Strength Index (RSI) and the 200-day Exponential Moving Average (EMA) on the daily time frame. Current Price Momentum As of writing, SOL was trading near $107 and had registered a price drop of over 1% in the past 24 hours. Meanwhile, the asset showed a strong recovery, having hit a low of $95.6 during the Asian market session. Amid this significant price fluctuation and market volatility, SOL’s trading volume has skyrocketed by 185% during the same period. $140 Million Worth of SOL Outflow While examining the on-chain metrics, it appears that whales, investors, and long-term holders have seized the opportunity to accumulate SOL at the current price level, according to the on-chain analytics firm Coinglass. Source: Coinglass Data from spot inflow/outflow reveals that exchanges have seen an outflow of approximately $140 million worth of SOL over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to buying pressure. However, due to the prevailing bearish sentiment, a strong upside rally may be difficult to achieve.
Metaplanet, the Japanese hotel developer turned bitcoin treasury firm, announced on Monday that it had fully redeemed or paid off ¥2 billion ($13.5 million) worth of zero coupon bond debt more than five months early (the bonds had a maturity date of Sept. 17, 2025). Funds raised by the bond issuance were used to purchase