XRP is holding firm just above its rising trendline support, currently consolidating near $2.08. Price action on the daily chart suggests buyers are gradually regaining control after a multi-week correction. XRP is trading between support at $2.05 and resistance at $2.23—which also aligns with the 50-day EMA ($2.21). This area remains a critical pivot. The trendline from March lows around $1.61 continues to act as a solid base for higher lows. A clean breakout above $2.23 could open the path toward $2.33, followed by $2.58. However, if $2.05 fails to hold, the bullish structure may break down in the short term. MACD Crossover Hints at Reversal; XRP to Rise? The MACD just flipped bullish, with the MACD line crossing above the signal line—marking a green histogram for the first time in weeks. Key Levels to Watch: RSI: Neutral, trending upward Resistance: $2.23 (50 EMA), $2.33, $2.58 Support: $2.05, $1.92, $1.78 MACD: Bullish crossover confirmed The Relative Strength Index (RSI) hovers just below 50, reflecting neutral conditions and room for upside. A close above $2.23 would likely push RSI into bullish territory, confirming renewed momentum. Ripple ETF Buzz Fuels Long-Term Bull Case; XRP Supported Beyond charts, the narrative surrounding XRP continues to strengthen. Anticipation over a potential Ripple ETF approval has attracted investor interest, with projections of over $8 billion in inflows if greenlit. The decision is expected by May 22, and any sign of approval could catalyze a surge in demand, sending XRP toward the $6–$15 range over the coming months. Prediction: Ripple Case Over By May & XRP ETFs Approved 1st (Includes Paid Promotion) pic.twitter.com/BNikwByzfO — Digital Asset Investor (@digitalassetbuy) April 17, 2025 The Teucrium leveraged XRP ETF has already raised $27M, hinting at real appetite among funds. All eyes are on the May 22 SEC decision—a pivotal date for XRP. In Summary: XRP is coiling above trendline support and needs to clear $2.23 to extend gains. MACD has flipped bullish, and RSI is showing early signs of a shift. Institutional narratives and ETF anticipation provide strong fundamental backing. Watch for a daily candle close above $2.23 with strong volume to confirm breakout. Bottom Line: If bulls hold the $2.05–$2.08 zone, the next leg higher may be just around the corner. $SUBBD Token: Your VIP Pass to the Future of AI-Powered Content The content creator economy is worth $85B—and $SUBBD is aiming to flip it on its head. Backed by over 2,000 top-earning creators and 250M+ followers, SUBBD lets creators keep more of their revenue and gives fans direct access to exclusive, AI-powered experiences. Whether you’re a creator or a fan, $SUBBD is your all-access token: Stake for 20% APY and unlock daily rewards Access exclusive content, discounts, and livestreams Mint your own AI influencer—or support one Use crypto with zero payment restrictions With $197K+ already raised and the presale ending soon, now’s your chance to buy before the next price jump. SUBBD doesn’t just pay creators—it empowers them with AI tools, community governance, and real ownership. The post Is XRP About to Break Out? MACD Flip Sparks Fresh Bullish Speculation appeared first on Cryptonews .
In a surprising turn of events, the hacker behind the $7.5 million exploit of decentralized exchange KiloEx has returned the entire sum just four days after the initial attack. On April 14, KiloEx suspended its perpetual futures trading platform following a severe security breach that resulted in attackers draining $7.5 million worth of cryptocurrency assets across the Base, opBNB, and BNB Chain networks. The exploit was traced to a flaw in KiloEx’s price oracle system, which allowed the attacker to manipulate the ETH/USD price feed. This enabled the attacker to open positions at absurdly low prices and close them at vastly inflated values, profiting millions in single transactions. Approximately $3.3 million was drained from Base, $3.1 million from opBNB, and $1 million from BSC. The breach prompted an immediate shutdown of the platform and an urgent call to arms. KiloEx mobilized a broad coalition of cybersecurity experts and blockchain partners, including SlowMist, BlockSec, SEAL 911, Manta Network, BNB Chain, and many others. They began forensic investigations to trace the stolen funds and identify the attacker. In the days following the attack, PeckShield identified associated wallet addresses, and on-chain activity showed that portions of the funds, approximately $5.5 million, were being returned, suggesting that negotiations were underway. #PeckShieldAlert #KiloEx exploiter -labeled addresses have returned ~$5.5M worth of cryptos to #KiloEx pic.twitter.com/snvitWs7ia — PeckShieldAlert (@PeckShieldAlert) April 18, 2025 The Ultimatum That Changed the Course KiloEx’s swift response and aggressive public strategy likely played a crucial role in the resolution. Just hours after confirming the exploit, the platform issued a stern ultimatum to the attacker via X (formerly Twitter) , presenting a choice: return 90% of the funds within 72 hours and receive a 10% white-hat bounty, or face relentless legal and forensic pursuit. The DEX revealed that it had already identified blockchain addresses linked to the attacker and placed them under constant surveillance. These could be frozen at any moment, KiloEx warned, as they were actively working with exchanges and security partners. The hacker was offered safe passage if they complied, and KiloEx pledged not to pursue further legal action. Should they fail to respond, the matter would escalate into a full-blown criminal case, backed by law enforcement, cybersecurity firms, and international exchange networks. Apparently, the attacker decided the risk wasn’t worth the reward. By April 18, the full $7.5 million had been returned. KiloEx issued a statement expressing relief and gratitude, confirming that the matter was resolved. Dear Community, We are pleased to announce that we have successful recovery of all stolen funds related to the recent security incident. This outcome underscores our commitment to protecting user assets and fostering a secure ecosystem. 1. Case Resolution Progress – The legal… — KiloEx (@KiloEx_perp) April 18, 2025 They also upheld their offer and awarded the attacker a 10% white-hat bounty of $750,000, thereby turning an exploiter into a contributor in a gesture of ethical closure. Recurring Oracle Exploits and White Hat Resolutions The KiloEx saga is the latest in a growing pattern of DeFi platforms falling victim to oracle-based price manipulation exploits. These attacks target the very system that delivers real-world data to smart contracts, and their manipulation can have devastating consequences. Similarly to this KiloEx incident, on October 25 last year, a hacker returned $6.1 million to a U.S. government wallet after initially stealing over $20 million in various cryptocurrencies. $6.1M in stolen crypto is back in a US government wallet. What’s the significance of this recovery? @OnchainLens dives into the details. #CryptoHack #BlockchainSecurity https://t.co/p8JOmwUq4p — Cryptonews.com (@cryptonews) October 25, 2024 That breach, although different in scale and nature, similarly concluded with the attacker voluntarily returning assets, likely under external pressure. In the case of KiloEx, the collaborative response from blockchain partners, law enforcement, and cybersecurity professionals helped ensure a swift outcome. The platform publicly acknowledged a long list of contributors, including SlowMist, SEAL 911, Binance, Sherlock, and dozens of others. With user funds fully restored, KiloEx now turns its attention to rebuilding community trust. The platform has pledged transparency and will share updates on the legal withdrawal process as it winds down the incident. Legal proceedings are being finalized with the support of judicial authorities and third-party experts. The post KiloEx Hacker Returns Entire $7.5M Four Days After Exploit appeared first on Cryptonews .
Bitcoin’s recent trading patterns raise concerns about potential pullbacks as short-term holders exhibit signs of selling pressure. Analysts suggest that the crossover in UTXO Realized Price bands indicates new investors
Bullish sentiment is returning to the crypto market – at least that's what a key metric related to major crypto exchange Binance indicates. The metric shows that buyers are beginning to dominate transaction volumes on the platform. We are talking about the so-called Taker Buy Sell Ratio, i.e. the ratio of buys and sells on Binance, which calculates the ratio of buyers and sellers of BTC. According to a CryptoQuant analyst under the nickname DarkFost, the indicator ”has returned to the neutral zone, which indicates a new balance in trading.” When will cryptocurrencies start to rise again? Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Today, Bitcoin is trading around 83.8 thousand dollars. Thus over the past 7 days, the value of the major cryptocurrency has risen by 8.5 percent, which does hint at the beginnings of positivity among investors. Here is DarkFrost's comment on the situation. Over the past few days, the ratio has been mostly positive, indicating a return of bullish sentiment in derivatives trading on Binance. According to CoinGlass, if Bitcoin passes the $85,000 mark, short positions of nearly $637 million will be at risk of liquidation. In turn, these funds will become ”fuel” for the continuation of the bullrun wave. When a short position is liquidated, it is forcibly closed by the exchange, and the trader's pledged funds are used to purchase assets, which exerts buying pressure and affects the value accordingly. According to Cointelegraph sources, the positive news so far is exclusive to Bitcoin. Still, the so-called altcoin season index from CoinMarketCap is now at 15 out of 100 points, indicating a lack of major interest in other digital assets. Meanwhile, market share for BTC capitalization has increased by nearly 10 percent since the beginning of the year. In general, the market is still in a negative mood. The Fear and Greed Index from Alternative portal analysts has dropped to a level of 29 out of 100 points, indicating ”fear” among traders. This means that Bitcoin fans are in no hurry to open new positions, as they are surely counting on further clarification of the situation with Donald Trump's tariffs and the economy. So far, experts disagree on the future direction of Bitcoin price movement. For example, Real Vision's chief crypto analyst Jamie Cootes admits the prospect of a sharp recovery of the former positions of coins. He said: The market may be underestimating how fast Bitcoin is able to grow – perhaps to new all-time highs as early as the end of the second quarter. But Rob Hamilton, head of AnchorWatch, noted on Twitter the reason for the rather low volatility of BTC at the moment. Still, the cryptocurrency has somehow been in a fairly narrow price channel for several weeks now. ”Bitcoin's price is staying put because there is an epic battle going on right now between those who sell BTC to pay taxes and those who use tax refunds to buy the cryptocurrency.” he said. The deadline for filing tax returns in the US is April 15, 2025. The market is likely to get more upside stimulus after this season is over as investors can get back to work. Why China is selling crypto Meanwhile, local authorities in China are looking for ways to dispose of previously confiscated cryptocurrencies amid a total ban on digital assets in the country. The lack of clear rules on how to handle seized crypto has led to ”uncoordinated and non-transparent approaches.” According to lawyers , this may contribute to corruption. Officials use private companies to sell seized cryptocurrencies on offshore platforms in exchange for cash to supplement government budgets. It is reported that by the end of 2023, local governments owned approximately 15,000 BTC worth $1.4 billion, and coin sales have become an important source of revenue for budgets. In total, China owns about 194 thousand BTC worth about 16 billion dollars. It is the second largest holder of BTC after the United States. Chen Shi, a professor at Zhongnan University of Economics and Law, said the government does not have a clear understanding of how to capitalize on the volume of confiscated cryptocurrencies. Selling for cash is only a ”temporary solution.” In addition, such transactions do not fully comply with China's current ban on crypto trading. Compounding the problem is the rise of cryptocurrency-related crimes in China, from online fraud to money laundering and illegal gambling. In particular, in 2024, the state filed lawsuits against more than 3,000 people involved in money laundering through cryptocurrency. According to lawyer Guo Zhihao, the central bank is better suited to manage seized digital assets and should either sell them overseas or set up a corresponding crypto reserve. Ru Haiyan, co-CEO of Hong Kong-based crypto exchange HashKey, supported the idea, adding that China should probably replicate the implementation of US President Donald's Trump idea with a national reserve. Against the backdrop of general market instability, Bitcoin is showing signs of revival: a positive shift in indicators on Binance, a rise in value and investor interest point to a possible continuation of the bullrun. If the selling pressure subsides after the tax season ends, BTC will have a real chance to enter a new round of growth. At the same time, pulling the rest of the market with it.
Blockchain intelligence firm TRM Labs has reported that eight crypto addresses linked to the Yemen-based Houthi group have moved over $900 million in cryptocurrencies to high-risk entities. According to the firm, the funds were likely spent on weapons and other military equipment. TRM Labs disclosed this in its recent report, which analyzed the Houthis’ crypto activity and their efforts to evade the US sanctions. Per the report, these eight addresses are the ones that the US Treasury’s Office of Foreign Assets Control (OFAC) added to its Specially Designated Nationals and Blocked Persons (SDN) List on April 2. Transaction flow for Houthis sanctioned addresses (Source: TRM Labs) In its analysis of transaction flows from the addresses, TRM discovered over $900 million in outflows to various sources, including addresses associated with OFAC-sanctioned Iran-based financier Sa’id al-Jamal. The addresses also sent money to a Russian broker with ties to a Chinese manufacturer of unmanned aerial vehicles and anti-UAV equipment. Based on these transactions and the improvement in the Houthis’ UAV and anti-UAV capabilities in recent years, the blockchain intelligence firm concluded that the group has been using crypto to buy drones and other military equipment. Houthis are increasingly using crypto to evade sanctions The Houthis are a political and armed group governing most of Yemen since 2014. However, the group has reached international prominence in recent years for targeting commercial ships in the Red Sea as retaliation against Israel’s actions in Gaza. In response to the group’s actions, the US has designated it as a Foreign Terrorist Organization (FTO) while deploying economic sanctions and military warfare against the group. With its financial infrastructure now facing pressure from sanctions, the Houthis appear to have increased their reliance on crypto. This move is not surprising given how several US-sanctioned groups have turned to crypto in the past. North Korea is a notable example, with the country sponsoring sophisticated crypto heists to fund its nuclear weapon program. OFAC had also highlighted how Iran-backed entities, including Hamas and Hezbollah, rely on crypto to bypass sanctions. It appears the Houthis have also developed an extensive network of facilitators and brokers using crypto and decentralized technologies. Interestingly, the group is not just using crypto to fund its operations. It has been mining crypto to generate more revenue, with available evidence showing that it has been doing so since 2017. However, its mining activity has required limited infrastructure because it relied on crypto mining services such as the now-defunct Coinhive. This allowed it to mine crypto using Yemen’s internet service provider, YemenNet. Crypto adoption grows in Yemen Meanwhile, the growing sanctions against the Houthis and state-backed financial institutions such as the International Bank of Yemen have boosted crypto adoption in the country. According to TRM Labs , many Yemenis are now turning to DeFi protocols and peer-to-peer services to move funds and for cross-border remittances. An analysis of website traffic shows that 63% of observed crypto activity among Yemen residents is from DeFi platforms, while global centralized exchanges account for only 18%. TRM Labs said: “The interest in DeFi services may reflect the appeal of systems that allow users to transact without intermediaries, particularly where local banking institutions are inaccessible or unreliable.” Nevertheless, the country faces several challenges, such as poor internet infrastructure, limited knowledge about digital assets, and a lack of regulations on crypto, among others. All of which has not prevented adoption. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The cryptocurrency market faced significant losses in early 2025. Bitcoin's dominance increased, while altcoins struggled to retain value. Continue Reading: Market Forces Shake Up Cryptocurrency Landscape in Early 2025 The post Market Forces Shake Up Cryptocurrency Landscape in Early 2025 appeared first on COINTURK NEWS .
Over the past six days, Galaxy Digital has deposited a total of 62,181 Ethereum (ETH) tokens, valued at approximately $99.46 million, into cryptocurrency exchanges Binance and Coinbase. This includes a recent deposit of 12,500 ETH worth $20 million to Binance alone. Concurrently, Galaxy Digital has been withdrawing Solana (SOL) tokens from exchanges, with total withdrawals reaching $58 million since April 14 across Binance, Coinbase, and OKX. The firm has withdrawn an additional 150,221 SOL valued at nearly $20 million recently. Reports indicate that Galaxy Digital is selling over $50 million worth of ETH to acquire SOL. Additionally, Galaxy Digital has floated an inflation proposal amid these movements in their cryptocurrency holdings. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The post Crypto Exchange eXch Shuts Down Amid North Korea Laundering Allegations appeared first on Coinpedia Fintech News Crypto exchange eXch has announced it will shut down on May 1 after being linked to North Korea’s Lazarus Group. The group is accused of laundering around $35 million tied to the $1.4 billion Bybit hack. eXch admitted to handling a small portion of the funds from the February exploit. The closure follows rising pressure and scrutiny over its alleged involvement, marking another major development in crypto-related cybercrime investigations.
Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments proposed by the Conference of State Bank Supervisors to the GENIUS and STABLE Acts. In his letter to the Senate Banking and House Financial Services Committees, Soto-Wright emphasized the need for a dual federal-state framework, cautioning that current drafts of the legislation favor federally regulated issuers and risk marginalizing state-licensed players. Stablecoin rules shouldn’t play favorites. I’ve just sent a letter to Congress backing @CSBSNews ’s push to keep state-regulated issuers in the game. The GENIUS & STABLE Acts should support fair competition, consumer protection, and innovation. My full letter:… pic.twitter.com/NxSnwj5NYt — Ivan Soto-Wright (@ivanhodl) April 18, 2025 MoonPay, which holds 46 state money transmitter licenses and serves over 30 million customers , argued that state pathways should remain viable for permitted stablecoin issuers. “Without these amendments, MoonPay fears that legislation may inadvertently result in undue burden and outsized authority by federal regulators,” Soto-Wright wrote. You might also like: WhiteBIT reveals first participants for crypto trading tournament ICTC 2025 CSBS recommendations He specifically endorsed CSBS recommendations to ensure “genuine parity” between state and federal PSIs. These include removing provisions that subject state-regulated PSIs to stricter rules in other states, eliminating redundant Treasury recertification requirements, and narrowing federal preemption powers that could let the OCC override state consumer protections. The GENIUS and STABLE Acts aim to provide a regulatory framework for stablecoins, which Soto-Wright called a tool for U.S. dollar dominance in the digital economy. He warned that unless amended, the legislation could stifle competition, reduce innovation, and undermine consumer safeguards already in place at the state level. MoonPay recently acquired Helio and Iron.xyz to expand its stablecoin infrastructure and stands ready to work with lawmakers to finalize the bills. You might also like: Singapore should treat crypto as infrastructure, not just risk: Coinbase
Following the latest market dip, crypto analysts are eyeing high-conviction entry points—and three names keep surfacing: Ethereum (ETH) , Bitcoin (BTC) , and XRP . Each has a proven track record of rebounding fast after corrections and delivering long-term value in every major cycle. BTC continues to lead institutional sentiment and macro cycles. ETH retains its hold on the smart contract ecosystem, and XRP remains poised for wider use as clarity builds around its future integrations. Together, these assets are seen as safer entries with room for substantial upside. STAGE 6 SOLD OUT — STAGE 7 LIVE NOW MAGACOINFINANCE – The Pre-Listing Play With Built-In Power Current Price: $0.0002908 Listing Target: $0.007 25x ROI Opportunity 50% Token Bonus via MAGA50X 12,500+ Holders Already Positioned While legacy names set up for modest 10x–20x upside, MAGACOINFINANCE is sitting on a confirmed setup offering 25x returns—and that’s just based on the public numbers. Currently priced at $0.0002908 , with a listing target of $0.007 , MAGACOINFINANCE offers a clean 2,308% ROI. Investors using the MAGA50X bonus unlock even more—up to 3,645% ROI , turning early entries into life-changing positions. This isn’t just a token—it’s become a focal point of early conviction plays for 2025. The presale stage is closing fast, and analysts agree: waiting until it lists may mean missing the most strategic entry entirely. ACT NOW — STAGE 6 SOLD OUT ADA, HBAR, and LINK Stay on Track While attention shifts to emerging plays, foundational projects continue building: Cardano (ADA) is expanding its smart contract features with new development tools. Hedera (HBAR) pushes forward in enterprise adoption across global industries. Chainlink (LINK) remains the most trusted source for bridging real-world data into on-chain execution. All three are advancing—but the excitement belongs to those jumping in earlier. 50% EXTRA BONUS LIVE — USE CO-DE MAGA50X BEFORE IT’S GONE ! Conclusion Ethereum , BTC , and XRP remain buy-the-dip classics for serious investors. But in a market looking for leverage, MAGACOINFINANCE stands out with its unmatched ROI window and growing community strength. The setup is there—and the window is still open. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum, BTC, XRP Seen as Top Buy-the-Dip Plays With 20x Upside