In the last week, significant happenings have occurred in Ethereum’s (ETH) whale segment, with hands changing over 530,000 ETH. This inordinate amount of whale action points to a market under pressure, with long-term holders apparently capitulating. If this development sent a chill up your spine, freeze it. Ethereum remains a fine accumulation candidate, with an impending 2.0 upgrade allowing it to usurp the market share of Bitcoin (BTC) and potentially everyone else. Whales have moved over 530,000 #Ethereum $ETH in the past week! pic.twitter.com/ecIDbvcSEi — Ali (@ali_charts) April 9, 2025 Right now, the Ethereum market seems to be moving toward a key price area—one that, in the past, has indicated the market was nearing a bottom and has provided strong buying opportunities. When you look at this recent price action and the fact that large holders are taking profits and/or adjusting positions, you have to ask: does this situation spell impending bottom for the Ethereum market? Or is it more likely that we are going to see further price weakness in the near future? Ethereum OG Sells 10,702 ETH After Two Years of Dormancy A recent development that is worth talking about came from a person who is considered to be one of the original Ethereum investors. This individual sold 10,702 ETH—which was worth about $16.86 million at around $1,576—just a few days ago. This is a significant development not just because of who it is, but also because this individual held this Ethereum for a very long time. Supposedly, this person held the Ethereum since 2016, when it was worth just $8. This sale’s timing is interesting. Even though Ethereum hit over $4,000 during the 2021 bull market, this investor did not choose to sell then. Instead, the dip that is now signaling a bear market saw this investor finally executing their option to sell. Why would an attractive asset holder sell at what seems to be a low point? This action seems to fly in the face of conventional market wisdom. An Ethereum OG dumped 10,702 $ETH ($16.86M) at $1,576 again after 2 years of dormancy. He received the $ETH as early as 2016, when the price was just $8. Interestingly, he never sold when $ETH was above $4,000 — but always chose to sell during major dips.… pic.twitter.com/YZrLWT5exF — Lookonchain (@lookonchain) April 10, 2025 Ethereum’s durability through extended slumps implies that numerous holders are maintaining a long-term perspective on the asset, looking for greater valuations. Nonetheless, this most recent broad-based liquidation seems to suggest that a number of investors might be shifting their outlooks, potentially in response to worries about more pronounced downside risks developing in the near term. Ethereum ETFs Face Continued Outflows Amid Market Uncertainty The market sentiment surrounding Ethereum appears to be under pressure. On April 9, a total net outflow of $11.19 million left Ethereum spot ETFs, marking yet another day that they did not enjoy any inflows. Of the nine Ethereum ETFs, none experienced net inflows, which could indicate a lack of institutional confidence in the current Ethereum marketplace. On April 9, Bitcoin spot ETFs saw a total net outflow of $127 million, marking the fifth consecutive day of net outflows. Ethereum spot ETFs recorded a total net outflow of $11.1873 million, with none of the nine ETFs experiencing any net inflows. https://t.co/Hj2Gs49bWa — Wu Blockchain (@WuBlockchain) April 10, 2025 The consistent outflows from Ethereum ETFs could be a sign of institutional interest that is not as strong as it once was—or possibly of market conditions that make institutional interest less likely. The sentiment expressed by ETF investors is being tested by a number of external factors, including regulatory uncertainty, that are affecting the whole market—Bitcoin, for instance, is not doing any better, and is also seeing outflows from its own ETF. Despite this, I’m still kind of optimistic about Ethereum. Currently, these outflows cast a spotlight on the deliberate and prudent path taken by institutional investors. They do not appear to be running back into the arms of the crypto markets yet. And in contrast to retail investors, institutional investors take a lot of time to make decisions. Yet, in their defense, institutional investors command a lot of capital. So their re-entry and exit can make waves in the crypto market. Is This the Right Time to Accumulate Ethereum? As Ethereum nears a support zone that many analysts regard as crucial, the longer-term forecast for the asset remains unclear. Whales have been on the move, transferring large swaths of E T H to various new addresses. The signals from these big holders, however, are far from straightforward. One key long-term holder has recently sold a sizable amount of E T H, dumping it during a market dip instead of at what many would call a more favorable price point near the recent top. Long-term holders throwing in the towel seems to be a potentially ideal situation for contrarian investors to start accumulating. We’ve historically seen that when the widespread fear and uncertainty of a market bottom leads to a sharp recovery, it’s because attractive buying opportunities present themselves at risk-reward ratios that make sense. And right now, if you’re a contrarian investor, the setup seems to be ideal. Long-term #Ethereum $ETH holders have entered "capitulation" mode. For contrarians, this could signal a prime accumulation zone from a risk-reward standpoint. Go to @SimpleFXcom , claim the deposit bonus here: https://t.co/ChoFIwIw4v , and buy the dip! pic.twitter.com/1O2ZpqikWS — Ali (@ali_charts) April 9, 2025 If you’re planning to get into Ethereum but want to do so at a lower price, now might be an opportune moment. The token has been bouncing around a well-defined support level and has offered significantly better returns than the overall crypto space since the middle of June. Still, ample warning signs and indicators suggest that these bounces—and any potential gains realized by retail investors—are likely to be sold into by Ethereum’s large and deep investor base. In the end, the next couple of weeks will be very important in deciding whether Ethereum holds the currently critical support levels or whether a continuing price slide tests the faith of even the most loyal holders. From the perspective of anyone looking at this market over the long haul, the appearance of Ethereum’s cryptographic money in our world is hard to see as anything but a net positive. Its foundational strength, in both the architecture of its underlying blockchain and the well-nigh irresistible decentralized finance (DeFi) applications built upon that blockchain, seems to make it a good bet. At the very least, it should be a doubly good bet when it is available at a price reduced from its previous highs. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Digital asset managers Grayscale Investments and Osprey Funds have come to a settlement after a legal dispute regarding marketing practices, highlighting key issues in the cryptocurrency sector. This development signifies
A Connecticut court filing reveals the pair have agreed to settle. Now they have 45 days or less to figure out how to go about it.
The past few months have seen Bitcoin’s price shifts trigger a really big shift in the pattern of realized losses that affect us all. And what is that pattern? We now have a pretty solid transition from younger to older coins when it comes to shelling out and accepting realized losses. You used to be able to count on the fact that if someone was going to go out and realize a loss on their Bitcoin, it was likely going to be someone who had just acquired it. But not anymore. Seems like a lot more people are giving up. So, who exactly is giving up? Our main suspects are people who have held their coins for three to six months. The change in loss realization is quite pronounced, showing that even mid-term holders—who usually have a long-term outlook and can tolerate some amount of market volatility—are now bailing on their positions. This could be read as a sign of market weakness and an intensifying sense of uncertainty that has even experienced holders selling at a loss. The Evolution of Loss Realization Throughout 2025 In the early part of the year, the realized losses from Bitcoin sell-offs were largely coming from the younger coins. Most of these losses were coming from people who had recently bought their Bitcoin (either last month or three months ago). By February 27, for instance, when the price dropped to $86.7k, the total realized losses hit $51 million. The groups that were mostly selling were the ones that had held their Bitcoin for either one week to one month or one month to three months. They accounted for over 50% of these losses. Meanwhile, the next group up (three months to six months) was hardly selling at all and only accounted for 0.8% of those losses. This is how the losses were shared on February 27: – Price of Bitcoin: $86.7K – Total realized losses: $51M – 1 week–1 month cohort: $13.1M (25.7%) – 1 month–3 months cohort: $14.4M (28.2%) – 3 months–6 months cohort: $0.4M (0.8%) By then, it was evident that the losses were occurring among coins that had been recently bought. This indicated that newer holders were the ones reacting to price dips that were clearly short-term in nature. The reason for this part of the selling seemed to be the same as for the earlier part: fear, and possibly panic. The Shift Begins: Older Holders React to Market Pressure By the next day, February 28, 2023, (in 2023, beginnings are visible) a change compositionwise in the losses taken was already visible. While the price of Bitcoin had slipped a little to $83.7k, the losses being borne by the cohort of holders aged 3 to 6 months had surged nearly fivefold from the previous day. This was potentially the first sign of something worth noticing in all of this: older holders, who in most cases seem to be enduring price swings in the expectation of long-term gains, started to take some action in response to a downturn. On the 28th of February, the following losses were realized: – Price of Bitcoin: $83.7k – Overall losses taken: $51.1M – Losses from the 1w–1m cohort: $16.9M (33.1%) – Losses from the 1m–3m cohort: $12.3M (24.0%) – Losses from the 3m–6m cohort: $1.9M (3.8%) Here, the 1w-1m cohort’s share of losses surged to 33.1%, signaling that some short-term holders were still under pressure, while the 3m-6m cohort’s share grew to 3.8%. This shift in the loss composition suggested that the pain was spreading beyond the more recent investors, with mid-term holders starting to feel the strain. Broadening Capitulation: April 2025 Data Shows Even Split April 7 generated what are hopefully the final data to show how even the losses on Bitcoin are becoming. With the price of Bitcoin at $78.9k, total realized losses dropped to a low of $34.4 million. Yet, the composition of those losses is pretty interesting. Just about as many mid-term holders (holding for 1 month to 1 year) are cashing out and taking losses as are short-term holders (holding for 1 week to 1 month). Additionally, even more long-term holders (holding for 3 to 6 months) seem to be taking losses. This last point is particularly serious. It indicates that more and more people who bought Bitcoin last fall are shaking it off. Also, this seems to be a shift from the typical As of April 7, the losses were broken down as follows: – Bitcoin price: $78.9k – Total realized losses: $34.4M – 1w–1m cohort: $8.2M (23.8%) – 1m–3m cohort: $6.5M (18.9%) – 3m–6m cohort: $6.7M (19.4%) An even split between short-term and mid-term holders, with the 3m–6m cohort now accounting for 19.4% of total realized losses, suggests that the market is seeing a broadening of capitulation. This is often a precursor to a market bottom. The increase in losses from older cohorts indicates that more holders are choosing to sell and lock in their losses rather than wait for a market recovery. They seem to be acting on what is now a fairly consensus opinion among traders that the near-term price outlook is pretty dismal. In comparison to previous large #Bitcoin sell-offs YTD, losses are now spreading to older coins – especially in the 3m–6m group, whose share in loss realization jumped from 0.8% to 19.4% of total losses since Feb 27: pic.twitter.com/cShuvGCuLz — glassnode (@glassnode) April 9, 2025 What Does This Mean for Bitcoin’s Price Outlook? The market is receiving a very important signal from the change in loss acceptance from younger Bitcoin holders to older Bitcoin holders. This is such a clear and compelling signal that I believe it deserves a section of its own to discuss what it might imply for the price of Bitcoin going forward. The first thing to understand is that the kind of signal this loss acceptance shift is broadcasting is very similar to the type of signal that is often seen at the tail end of a market correction: This data may provide a possible buying chance for investors keeping an eye on the market, particularly if they think the present sell-off is approaching its conclusion. Otherwise, if things keep getting worse in the broader market, there’s definite downside risk for any buying we’re doing at this point. Moving deeper into 2025, it is vital to keep an eye on whether this surrender trend goes on and how it could influence the price of Bitcoin in the long run. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
The case was originally filed in January of 2025, and it accused Nova Labs of issuing unregistered securities through its HNT token. Now, its dismissal with prejudice confirms the SEC cannot revisit the charges. Meanwhile, the SEC recently issued new guidance to provide some more clarity on crypto disclosures, but it stopped short of defining what constitutes a security. While the lawsuits against other crypto companies were dropped, Jack Dorsey’s Block Inc. settled with New York regulators for $40 million over Cash App compliance failures. SEC Ends Legal Battle With Helium The US Securities and Exchange Commission (SEC) officially dropped its lawsuit against Nova Labs, the company behind the decentralized wireless network Helium. This is according to a blog post that was published by Helium on April 10. The suit was originally filed in January of 2025, and it alleged that Nova Labs issued unregistered securities when it launched its native token, Helium (HNT), in 2019. However, the SEC’s dismissal of the case “with prejudice” means the agency cannot pursue similar charges against the company again. This was one of the last enforcement actions that was initiated under former SEC Chair Gary Gensler, who resigned after the inauguration of President Donald Trump on Jan. 20. The agency's decision to drop the case coincided with Paul Atkins, a Trump nominee and known crypto-friendly policymaker, officially taking over as SEC Chair. Helium stated that the outcome of the case confirms the legality of its operations, particularly the distribution of HNT, IOT, and MOBILE tokens, as well as the sale of Helium-compatible Hotspots. The company believes that the SEC's decision affirms these tokens are not securities and that hardware distribution for network expansion does not automatically fall under securities law. HNT’s market cap since launch (Source: CoinMarkletCap ) The Helium network enables people to build and operate decentralized wireless infrastructure, and currently hosts around 375,000 active hotspots. While HNT’s market capitalization sits near $506 million, it is still far from its all-time high of over $5 billion from November of 2021. The SEC’s retreat from aggressive crypto enforcement signals a sharp pivot in regulatory policy since Trump assumed office. Under Gensler, the agency launched more than 100 enforcement actions targeting crypto firms. But since January, the SEC dropped cases against several high-profile entities including Coinbase, Kraken, Ripple, and Uniswap. Trump made his pro-crypto stance very clear, and vowed to turn the US into a global crypto hub. Despite this shift, not all industry participants are optimistic. Some executives worry that Trump’s other policies, like newly announced tariffs on US imports, could ultimately hinder the industry’s growth despite the new regulatory relief. SEC Staff Offers Crypto Firms Clarity The SEC’s Division of Corporation Finance recently issued a staff statement offering some guidance on how federal securities laws might apply to the crypto industry. While the statement holds no legal force, it was made to clarify disclosure expectations for companies issuing or dealing with digital assets that could be considered securities. The Division clarified that its views are based on observations from past disclosures and feedback from market participants. Part of the SEC’s staff statement (Source: SEC ) According to the SEC staff, crypto firms have typically shared various details about their operations, like the nature of their business, the functionality of their tokens, and how they plan to generate revenue. The guidance suggests that companies should also disclose whether they intend to stay active in a blockchain network or application after its launch and identify any successors who may assume operational responsibilities. The staff further recommended that disclosures should include technical specifics about the underlying blockchain, including whether it uses proof-of-work or proof-of-stake, block size, transaction speed, incentive structures, network security features, and whether the code is open-source. These elements help paint a clearer picture of the project for regulators and investors. While the guidance reiterated that tokens not classified as securities or part of an investment contract are not subject to registration requirements, it did not provide concrete criteria for determining what qualifies as a security. Despite this omission, legal experts like Joe Carlasare welcomed the statement as a positive move toward more predictable and consistent regulation. He believes that following these guidelines could help firms position themselves more favorably with regulators. (Source: SEC ) The SEC also urged crypto companies to disclose all relevant risks, including price volatility, cybersecurity concerns, custody arrangements, and standard business and legal risks. The guidance stated that issuers should provide a “materially complete description” of any token considered a security. This includes how dividends or distributions are handled, voting rights, and who holds the authority to change smart contracts or protocol code. Firms should also disclose whether such smart contracts have undergone third-party security audits. Additionally, the Division recommended that firms specify whether a token has a fixed supply, how and when it was or will be issued, and who the key executives or major employees are. The SEC plans to build on this initiative by organizing a series of roundtables through its Crypto Task Force to engage with the industry on issues including crypto trading, custody, tokenization, and decentralized finance. Block Settles for $40M Over Cash App Violations While Helium is now off the hook with the SEC, Jack Dorsey’s Block Inc. recently agreed to a $40 million settlement with the New York Department of Financial Services over allegations related to compliance failures in its Cash App platform. According to Bloomberg , which reviewed the consent order, the settlement follows an investigation into Cash App’s anti-money laundering and crypto compliance practices. Regulators concluded that Block allegedly failed to meet consumer protection requirements, did not perform adequate due diligence on its customers, and was slow to report suspicious transactions involving high-risk Bitcoin activity. Although Block confirmed it worked with the NYDFS to resolve the matter, it did not admit to any wrongdoing. The company stated that the settlement primarily relates to legacy compliance issues. The agreement is the second major fine Block faced this year already, after an earlier $80 million settlement with multiple state regulators over similar AML concerns. Despite these regulatory setbacks, Block’s financial performance stayed very resilient through the end of 2024. The company reported a 4.5% increase in year-over-year revenue, reaching $6.03 billion, while earnings per share jumped by 51% to $0.71. Merchant gross payment volume also grew by 10%, totaling $61.95 billion. Cash App, which is the central driver of Block’s business, recorded $1.38 billion in gross profit during the fourth quarter and maintained a strong user base of over 57 million monthly transacting users in early 2024. Cash App has supported Bitcoin purchases since 2018 and has taken steps to improve its crypto functionality, including a 2023 integration with TaxBit to simplify crypto tax reporting for users.
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested a pause in their respective appeals to finalize a potential settlement, per a motion filed on Thursday. The filing signals a possible end to a high-profile dispute that has gripped the payments upstart industry since December 2020 for its sale of XRP tokens , which the SEC alleged were unregistered securities. The case has been a focal point for debates over the regulatory status of cryptocurrencies in the United States, with Ripple arguing that XRP is a currency, not a security, and thus outside the SEC’s jurisdiction. Ripple and the SEC have reached an “agreement in principle” to resolve all outstanding issues, per a post shared by attorney James Filan. This includes not only the SEC’s appeal of the district court’s final judgment but also Ripple’s cross-appeal and the claims against Ripple founders Brad Garlinghouse and Chris Larsen. The motion requests that the court hold the appeals process in abeyance — effectively pausing it — while the parties hammer out the final terms of the settlement, which still requires formal approval from the SEC’s commissioners. This follows a similar request from the SEC and Gemini in early April , where the two parties requested the court approve a two-month pause to finalize a deal to close their long-running legal dispute over Gemini's Earn program.
XRP’s recent price movement highlights the ongoing tension between bullish optimism and bearish caution. Despite a notable daily gain, fundamental and technical indicators suggest a potential struggle ahead for XRP.
The post Ex-SEC Lawyer Explains Why Ripple and SEC Filed Motion to Pause Appeal appeared first on Coinpedia Fintech News After dragging on for more than four years, the Ripple vs. SEC case finally seems to be wrapping up. But interestingly, the news didn’t come from the SEC — it was Ripple CEO Brad Garlinghouse who confirmed that the long-running legal battle is nearing its end. That’s left many in the XRP community feeling frustrated and a bit skeptical, as they wait for something more official from the SEC. In the latest twist, both Ripple and the SEC have filed a joint motion asking the court to pause the appeal. This is based on their agreement to settle the case — although the settlement still needs to be formally approved by the SEC. Because of this, there won’t be a legal brief filed on April 16th as originally planned. Paul Atkins To Decide What’s Next? Former SEC attorney Marc Fagel weighed in, suggesting that the delay may have something to do with the recent leadership change at the Commission. “Presumably the SEC wanted Atkins at the helm for the vote,” he said, referring to the newly appointed commissioner. “Having him vote on his first day would’ve looked bad — not that his support for the settlement isn’t likely.” He also said that this move avoids any risk of Ripple pulling back from submitting a brief and potentially derailing the process. Attorney Bill Morgan also chimed in with a question that’s on a lot of minds: does the mention of an “indicative ruling” mean the judge is just finalizing the settlement? And does that include removing the injunction against Ripple, which hasn’t been mentioned yet? JUST IN: In a 52-44 vote, the Senate has confirmed Paul Atkins to be the next chair of the Securities and Exchange Commission. https://t.co/jNY1C66FE4 — Eleanor Terrett (@EleanorTerrett) April 9, 2025 Fagel responded, saying we’re in uncharted territory here. He interpreted the language to mean the settlement is contingent on Judge Torres revisiting the injunctive order. If she refuses to modify it, then the appeal — and possibly Ripple’s cross-appeal — could still move forward. All in all, while this case seems to be nearly over, a few key pieces still need to fall into place. Until the SEC signs off and the court weighs in, Ripple supporters will be watching closely — hoping this really is the end of one of crypto’s biggest legal battles.
US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say. President Donald Trump paused his administration's hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on most countries bar China, which had its rate hiked to 145%. Hashlabs CEO Jaran Mellerud told Cointelegraph that while the 10% levy is much lighter than the initial tariffs, US miners are still at a “clear disadvantage” when it comes to purchasing mining machines, compared to competitors abroad . He said the baseline US tariffs aren’t enough “to make mining in the US unprofitable, but it definitely raises capital expenditure and will impact the long-term viability of new investments.” “We expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,” Mellerud added. Source: Jaran Mellerud A price hike on crypto mining rigs is already happening, Luxor Technology’s chief operating officer Ethan Vera told Cointelegraph. “US miners are still looking to purchase machines ahead of the potential further increase in 90 days. In addition, US-landed machines have run up in price, as have contracts with onshore assembly.” On April 2, Trump’s hiked tariffs placed levies on Thailand, Indonesia and Malaysia — countries home to three of the largest mining rig manufactures — at respective rates of 36%, 32% and 24%. Tariff instability will stunt US Bitcoin mining growth Mellerud said in an April 8 report, before the pause on the hiked tariffs, that Trump’s levies could collapse US demand for mining rigs, to the benefit of non- US mining operations, as manufacturers will look outside the US to sell their surplus inventory for cheaper. He told Cointelegraph the now-lowered tariffs will offer some relief for US miners, but imposing the tariffs and then suddenly pausing them only added uncertainty to US Bitcoin mining firms looking to plan and scale. “What miners need is predictability and stable rules — not policy whiplash every few months.” Luxor’s Vera said that the policy changes “will certainly hurt growth” in the US. Related: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show Vera said Luxor has even been forced to rethink its strategy and consider expanding into international markets for future expansion. Trump pledged during his presidential campaign that he wanted all the remaining Bitcoin ( BTC ) to be “made in the USA.” Several members of Trump’s family have also partnered with Bitcoin mining firm Hut 8 to lead Bitcoin mining venture “American Bitcoin” late last month. The venture aims to build the world’s largest Bitcoin mining firm with strategic reserves. While the tariffs are broad in nature, the crypto mining industry simply isn’t a “high priority” for the Trump administration, Vera said. Trump’s tariffs have shaken up almost every market, including the crypto markets and Bitcoin, which is down 1.2% over the last 24 hours to $80,555, CoinGecko data shows. Bitcoin is now 26% off the $108,786 all-time high it set on Jan. 20 — the same day that Trump returned to the White House. Asia Express: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China
On April 11th, COINOTAG reported a significant milestone for the Binance Launchpool’s 67th project, WalletConnect (WCT). The project has successfully attracted nearly 18.254 million BNB, along with substantial contributions of