Major asset managers reported $3.4 billion in cryptocurrency inflows last week. Bitcoin investment products dominated the inflow with $3.2 billion globally. Continue Reading: Massive Inflows in Cryptocurrency Investment Products Capture Attention The post Massive Inflows in Cryptocurrency Investment Products Capture Attention appeared first on COINTURK NEWS .
Get ready for a significant shift in South Korea’s digital payment landscape! A major collaboration has just been announced that promises to streamline and expand prepaid electronic payment options across the nation. This move involves two key players in the South Korean financial technology (fintech) sector: Danal, a prominent integrated payment solutions provider, and BC Card, one of the country’s leading credit card processing companies. Their strategic partnership is set to integrate critical payment infrastructure , paving the way for enhanced services and wider adoption of prepaid solutions. Understanding the South Korea Payments Landscape South Korea has long been at the forefront of digital payments and technological adoption. The country boasts high internet penetration and a population eager to embrace convenient, cashless transactions. Mobile payments, credit cards, and various digital wallets are widely used, creating a dynamic and competitive environment for financial service providers. Companies like Danal have played a crucial role in this ecosystem, offering diverse payment methods and venturing into innovative areas like blockchain-based payments with initiatives like Paycoin. Meanwhile, BC Card holds a strong position in the traditional card processing market, serving a vast network of merchants and financial institutions. Their robust infrastructure is a backbone for countless transactions daily. The convergence of a forward-thinking payment integrator like Danal and a traditional giant like BC Card signals a strategic move to bridge the gap between established payment systems and emerging digital models, particularly in the prepaid sector. What Does This Fintech Partnership Entail? The core of this announced collaboration is the full integration of BC Card’s extensive payment processing infrastructure into Danal’s existing prepaid electronic payment model. This isn’t just a simple handshake; it’s a technical and operational merging designed to leverage the strengths of both entities. Announced on April 28, this partnership aims to significantly boost Danal’s integrated prepaid business. Here’s a breakdown of what this integration likely means: Expanded Merchant Network: Danal’s prepaid solutions could gain access to BC Card’s vast network of affiliated merchants, dramatically increasing the places where users can spend their prepaid balances. Improved Processing Efficiency: Utilizing BC Card’s established and high-capacity infrastructure can lead to faster, more reliable transaction processing for Danal’s prepaid users. Enhanced Security Features: Integration with a major card processor often brings enhanced security protocols and fraud prevention measures. Potential for New Services: The combined capabilities could enable the development of new prepaid products or features, potentially linking traditional card benefits with digital prepaid flexibility. This strategic alignment is a clear indicator of how companies are seeking to create seamless payment experiences for consumers in South Korea payments , combining the reach and reliability of traditional systems with the innovation of fintech solutions. Why is This Development Significant for Danal and BC Card? For Danal , this partnership represents a significant scaling opportunity. Access to BC Card’s infrastructure immediately expands their potential reach and operational capacity for prepaid services without needing to build the entire network from scratch. It allows them to focus on product development and user acquisition while relying on a proven processing backbone. This could solidify their position in the competitive prepaid market. For BC Card , collaborating with Danal allows them to tap into the growing digital prepaid segment and potentially integrate with Danal’s other innovative services, including those related to digital assets or unique payment methods. It’s a way for a traditional financial giant to stay relevant and engaged with the evolving digital payment landscape and participate directly in the growth of prepaid solutions. The broader impact of this fintech partnership lies in its potential to accelerate the shift towards digital transactions in South Korea. By making prepaid options more accessible and widely accepted, it encourages more consumers and businesses to adopt cashless methods. This contributes to the overall advancement of the digital economy. Potential Benefits and Challenges The benefits for users are clear: more places to use prepaid balances, potentially smoother transactions, and perhaps more integrated financial management tools. For businesses, it means potentially accepting another popular payment method via their existing BC Card terminals or integrations. However, challenges exist. Integrating complex systems requires careful planning and execution. Ensuring interoperability, maintaining security across platforms, and navigating regulatory considerations in the South Korea payments market are crucial tasks. Both companies will need to work closely to ensure a smooth transition and rollout of integrated services. Looking Ahead: The Future of Payment Infrastructure in South Korea This collaboration between Danal and BC Card is more than just a business deal; it’s a signal about the future direction of payment infrastructure . We are likely to see more such partnerships where fintech innovators team up with established financial institutions to create hybrid models that offer the best of both worlds: innovation, speed, and reach combined with stability, trust, and extensive networks. As digital assets and other new payment forms continue to emerge, the underlying infrastructure needs to be flexible and robust enough to support them. This partnership is a step towards building that future-ready foundation in South Korea. Summary: A Powerful Alliance for Digital Payments In conclusion, the strategic partnership between Danal and BC Card marks a significant development in the South Korean fintech scene. By integrating BC Card’s extensive payment processing infrastructure with Danal’s prepaid electronic payment model, the alliance is set to enhance the reach, efficiency, and usability of prepaid solutions across the country. This move benefits both companies by expanding their market presence and capabilities, while also promising a more seamless and widely accepted digital payment experience for consumers and businesses in South Korea. It underscores the growing trend of collaboration between traditional finance and innovative fintech firms to shape the future of payments. To learn more about the latest South Korea payments trends, explore our articles on key developments shaping fintech and digital adoption in the region.
The post Miss Bitcoin’s Early Days? Bitcoin Solaris Offers Second Chance at Crypto Wealth on Solana’s Lightning-Fast Network appeared first on Coinpedia Fintech News Back in 2010, buying Bitcoin for a few cents seemed silly. By 2017, it made early buyers millionaires. If you missed that boat, you’re not alone. But now, a new opportunity is catching attention. It’s called Bitcoin Solaris (BTC-S) — a powerful, next-generation cryptocurrency that could offer a second chance at crypto wealth. And this time, it runs on Solana’s lightning-fast network, making it easier, faster, and more accessible than ever. Bitcoin’s Legacy, Solana’s Speed Bitcoin laid the foundation for decentralized finance. Its fixed supply and security model created digital scarcity, turning it into a store of value like gold. But as Bitcoin grew, so did its issues. Transactions became slow, expensive, and energy-hungry. It wasn’t built for speed or scale. On the other hand, Solana became known for its blazing-fast transaction speeds (up to 65,000 TPS) and low fees. It brought blockchain to games, finance, and apps, but sacrificed some decentralization to do so. Bitcoin Solaris brings the best of both: Bitcoin’s trust and scarcity + Solana’s speed and modern design. Introducing Bitcoin Solaris: Built for the Future Bitcoin Solaris isn’t just a new coin — it’s a full ecosystem that fixes crypto’s biggest problems. Here’s what makes it stand out: Fixed Supply: Just like Bitcoin, BTC-S has a hard cap of 21 million tokens. No more will ever be created. Solana-Powered Speed: BTC-S handles up to 10,000 transactions per second, with confirmations in 2 seconds. Energy Efficiency: Uses 99.95% less energy than Bitcoin mining, thanks to a smarter dual-consensus design. Hybrid Architecture: Combines Proof-of-Work (PoW) for security and Delegated Proof-of-Stake (DPoS) for performance. Smart Contract Ready: Full DeFi support through the Helios system, which powers lending, yield farming, DEXs, and cross-chain apps. BTC-S Isn’t Just Another Coin—It’s a New Chapter in Bitcoin This tech combo makes BTC-S a strong candidate for real-world use, not just something to hold and hope. Mining and Staking for Everyone Forget the old days of mining with huge rigs and massive electricity bills. With Bitcoin Solaris, anyone can mine — even with a phone. Solaris Nova App: Downloadable on Android, iOS, and desktop. Lets users mine BTC-S using their device’s full or partial power. Smart Optimization: The app adjusts based on your device, saving battery and preventing overheating. Cross-Platform: Works on phones, laptops, mining rigs — even web browsers. And for those who want passive income: Liquid Staking: Stake your BTC-S and get sBTC-S tokens (1:1), which can be traded, held, or used in DeFi — all while still earning rewards. No Lockups: You stay liquid. Your money stays usable. This makes BTC-S incredibly beginner-friendly and perfect for everyday users. Security, Audits, and Long-Term Vision Unlike many new projects, Bitcoin Solaris doesn’t skip on safety. It has: Ongoing smart contract audits Bug bounty programs to spot issues early Strict validator criteria for staking security On-chain governance, letting users vote on upgrades and protocol changes Join the Presale: Get In Early Bitcoin Solaris is currently in its presale phase, open to early believers who want to get in before full exchange listings and market hype. Start Date: April 28, 2025 Platform: Solana Round 1 Supply: 323,076 BTC-S tokens Bonus: 15% for early participants Redemption: 1:1 swap for native tokens once the BTC-S blockchain is live New Token, Familiar Strength—Meet BTC-S Today It’s the kind of moment crypto history is built on. A small step now could turn into major rewards later. Conclusion Bitcoin changed the world once, but not everyone caught it in time. Bitcoin Solaris gives you that rare second chance. With its powerful mix of Solana’s speed, mobile mining, flexible staking, and long-term vision, BTC-S is more than a token — it’s an ecosystem ready to grow. If you’ve been watching from the sidelines, wondering when the next big thing will come, this could be it. The tools are ready, the tech is solid, and the entry point is wide open. Don’t just watch the next Bitcoin happen — be part of it. For more information on Bitcoin Solaris: Website: https://www.bitcoinsolaris.com/ Telegram: https://t.me/Bitcoinsolaris X: https://x.com/BitcoinSolaris
A recent Deloitte report forecasts that the global tokenized real estate market will grow from $0.3 trillion in 2024 to $4 trillion by 2035, with a 27% Compound Annual Growth Rate (CAGR), driven by blockchain-enabled fractional ownership and enhanced operational efficiency. The report projects growth in tokenized private real estate funds ($1 trillion), tokenized loans
Crypto platforms Bitget and Term Finance are working to stabilize operations after facing unrelated incidents that caused significant losses. Bitget is pursuing legal action against eight accounts allegedly responsible for manipulating the market of a low-volume token, while Term Finance has managed to recover a substantial portion of user funds following an oracle misconfiguration that led to faulty liquidations. Bitget Pursues Legal Action After Suspected $20 Million VOXEL Market Manipulation On April 20, Bitget’s VOXEL market — which supports the native token of Polygon-based RPG game Voxie Tactics — experienced an unusual explosion in trading volume and price activity. The token’s price sharply increased, gaining more than fivefold compared to its levels just two days earlier. The sudden spike quickly triggered alarms inside Bitget, leading the exchange to suspend trading in the token and initiate a rollback of trades that occurred during the window of suspected manipulation. At the time, Bitget issued a statement noting the occurrence of ”abnormal trading activity” without providing full details. The investigation has since advanced, with Bitget identifying eight accounts suspected of being linked to what the exchange described as a ”professional arbitrage” operation. In a post on X, Bitget’s Head of Asia, Xie Jiayin, confirmed that the company will send legal letters to the accused parties — a move typically seen as a precursor to full-scale legal proceedings. “All funds that are recovered will be returned to platform users 100 percent, via an airdrop,” Xie added, according to a translated version of the post. “We will release a full incident report on the VOXEL matter as soon as possible to present the complete facts.” The $20 million VOXEL manipulation incident adds to a string of recent security and trading breaches plaguing the broader crypto sector. Just weeks prior, decentralized finance (DeFi) protocol Loopscale, operating on Solana, suffered a $5.8 million exploit only two weeks after its launch. Additionally, Infini, a stablecoin neobank, reported a $49 million loss following a sophisticated breach of its systems. Bitget’s Reputation and Response Strategy Bitget has generally positioned itself as a relatively proactive exchange when it comes to security measures, and its fast-moving response to the VOXEL incident may help limit reputational damage. Rolling back trades is a controversial move in crypto trading, but it is often seen as a necessary intervention when market fairness is at risk. Legal action also signals Bitget’s intent to deter future attempts at market manipulation by demonstrating a willingness to pursue bad actors across jurisdictions. However, enforcement in such cases is notoriously complex, particularly when potential perpetrators operate across international borders and use pseudonymous accounts. While Bitget has pledged to release a full post-mortem report, several critical questions remain unanswered. Chief among them are: What loopholes or vulnerabilities allowed the abnormal trading to happen? Was it an issue of low liquidity, poor market surveillance, or deeper systemic risk? Were any internal or third-party systems compromised? What new safeguards will be introduced to prevent similar incidents in the future? The answers to these questions will likely determine whether Bitget can reinforce confidence among its users — or whether this will spark further scrutiny over the platform's risk management protocols. As the crypto industry continues to mature, exchanges are facing growing expectations to adopt security and compliance standards comparable to those of traditional financial institutions. Moreover, the speed with which a small group of coordinated traders can allegedly move markets and extract massive profits shows the continuing need for better monitoring, automated alerts, and rapid incident response strategies across the industry. Term Finance Recovers $1 Million After Oracle Bug Causes $1.6 Million Loss in Treehouse Market Meanwhile, in a detailed update posted to X, the Term Finance team explained that 223.197 ETH (roughly $400,000) was captured internally, while another 333 ETH (approximately $600,000) was successfully recovered through negotiations with affected parties. The remaining loss stands at 362.03 ETH, a significant improvement from the initial impact of 918 ETH. “Of the original loss: 223.197 ETH was captured internally, 333 ETH was successfully negotiated for return,” Term stated. ”The total outstanding loss is now 362.03 ETH — significantly reduced from the original 918 ETH impact.” An Oracle Misconfiguration, Not a Hack While the crypto community initially raised alarms over another potential DeFi security breach, Term Finance was quick to clarify that the issue stemmed from an internal bug, not a malicious attack. The team attributed the losses to an error involving an updated Ethereum (ETH) price oracle, which incorrectly fed data to the platform's liquidation engine and triggered widespread liquidations of collateralized positions. ”This was not a hack. No smart contracts were exploited, and user funds were not directly targeted,” Term Finance emphasized in its statement. Despite the reassurances, Term has not yet provided full transparency regarding the negotiation process that led to the recovery of a portion of the lost funds. It remains unclear whether these negotiations involved settlements, incentives, or pressure from the community and industry partners. The Difficulty of Recovering Crypto Funds Recoveries following hacks and bugs vary dramatically in the crypto space. Even when attackers are identified or vulnerabilities are patched, retrieving stolen or lost funds remains a major challenge due to the decentralized and often anonymous nature of blockchain transactions. Ben Zhou, CEO of crypto exchange Bybit, recently highlighted this difficulty. Following a massive $1.4 billion exploit against Bybit in February — the industry’s largest attack to date — Zhou said only a fraction of the stolen assets had been recovered. Nearly 28% of the missing funds had ”gone dark,” becoming untraceable after being moved across blockchain mixers, peer-to-peer networks, and over-the-counter markets. Meanwhile, just 3.84% of Bybit’s lost assets had been frozen. Term Finance’s relative success in recovering more than $1 million offers a rare optimistic example, though it also serves as a reminder of the vulnerabilities even top DeFi protocols can face. As DeFi platforms continue to innovate at breakneck speed, incidents like the Treehouse oracle bug underscore the critical need for rigorous testing, third-party audits, and real-time monitoring tools for core infrastructure components such as price oracles. Term Finance has yet to outline any specific measures it will take to prevent similar incidents in the future. However, it is widely expected that the platform — and others across the DeFi sector — will re-evaluate their integration and upgrade processes for external data feeds and liquidation protocols. In the meantime, users across the crypto ecosystem are once again reminded of the inherent risks of interacting with decentralized platforms. Despite the vision of decentralized finance offering greater transparency and fairness, vulnerabilities — whether technical bugs or security exploits — continue to threaten user funds in a rapidly evolving market.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Decentralization is often idealized in crypto, but its real impact depends on how well it scales and solves real-world problems. It’s about empowering people, not just creating something that sounds good on paper. In decentralized physical infr astructure networks, decentralization encourages global participation and rewards real contributions. But the question remains, who takes responsibility when something breaks, when no single entity is in charge? You might also like: For AI that serves people, data curation DePINs hold the key | Opinion While decentralization promises financial freedom, today’s cryptocurrency markets remain anything but stable or decentralized. Amidst the supposed cryptocurrency ‘Bull Run’, the S&P 500 and Nasdaq have logged their worst quarterly performance since the 2020 COVID-19 pandemic—a volatility that extends to crypto as financial and governmental institutions become increasingly entangled. Fiat’s crisis of confidence is crypto’s opportunity This unstable market reminds me of what Satoshi Nakamoto warned about years ago, in the Bitcoin ( BTC ) whitepaper: “ The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust .” We’ve since then taken the core principle of decentralization and applied it far beyond—into self-sovereign IDs, DeFi, DAOs, DePIN, and DeSci. But while we’ve been quick to add “De-” to every industry, we haven’t always added the same rigor to questions of responsibility, reliability, and repair. The less glamorous but essential parts of building systems that actually work. Crypto can remove the need for trust, but can it handle responsibility Decentralization empowers, but it also raises a critical question: In a world without central authority, who is accountable? When no single entity is in control, holding individuals or groups responsible becomes significantly harder. If monetary policies go awry, there currently remains a clear centralised entity responsible for addressing the situation. How do we ensure the same accountability when a blockchain node goes awry or network decisions need to be made swiftly? The DAO incident of 2016 exemplifies this challenge. The DAO was one of the first major projects to focus on decentralized autonomy and was built on Ethereum, raising $150 million to function as a venture capital fund without centralized control. A vulnerability in its smart contract was exploited, however, leading to a hack that drained about a third of its funds. Since The DAO was decentralized, there was no clear authority to step in and fix the issue swiftly. The Ethereum community had to debate for weeks on whether to intervene, eventually leading to a controversial hard fork that created Ethereum ( ETH ) and Ethereum Classic ( ETC ). This case highlights the decentralization accountability dilemma, especially in times of crisis. When there’s no central authority, collective action becomes slower and more complex, and thus must be paired with mechanisms for accountability. Null Island and the GPS data dilemma DePIN and AI systems struggle the most with accountability. They are fuelled by oceans of data, and the constant incentive is to gather more data—not ensure its authenticity. In many DePIN projects, the race to scale often puts data quantity ahead of quality. Since incentives are usually based on how much data is contributed, there’s little accountability for whether that data is actually useful or reliable. Over time, some networks end up rewarding noise over signal. For example, some DePIN projects have dozens of nodes off the coast of West Africa, at latitude and longitude 0°N 0°; An empty ocean that has been coined ‘ Null Island ’ since its prevalence, occurring when location data errors arise in geopositioning, instead replacing the coordinates with “null, null”. Even when GPS location data is used accurately, it has significant vulnerabilities that are often exploited, such as location spoofing and GPS drift. There’s even an entire subreddit on spoofing your Pokémon Go location to get the best Pikachu without the effort of walking. Location spoofing —malicious manipulation of GPS data into false location data. GPS drift —when a device’s recorded location is slightly off from the device’s actual position. It can also display as movement even when a device is at a standstill. It can be caused by factors such as signal interference, satellite positioning, or even atmospheric conditions. This isn’t just a hypothetical issue—faulty location data has real-world consequences. More value is flowing into location data, from tracking real-world assets to powering smart cities. As more physical assets get connected, the integrity of that data starts to matter more. What if it’s spoofed? Think of drones delivering packages, or vehicles navigating dense urban networks. What happens when that data is wrong, delayed, or manipulated? The cost isn’t always catastrophic, but it adds up—lost time, misrouted goods, inefficiencies, and more. These are the stakes when data is unverified. The need for data verification in decentralized networks Decentralized networks must do more than just eliminate trust in centralized entities; they must replace it with accountability in the form of verifiable, high-quality data. This is exactly where Proof-of-Location technology steps in, adding an essential layer of real-time verification. Data is not only generated but also validated, ensuring it reflects actual conditions rather than manipulated inputs. For DePINs to be reliable, accountability must be built into the system. If a service fails, the network shouldn’t collapse—it should adapt. This is where redundancy plays a crucial role. Smaller DePIN networks with limited nodes often struggle with this, but established projects have a different approach. With millions of nodes across 150+ countries and battle-tested slashing mechanisms, we ensure the integrity and continuity of geospatial data even when individual nodes fail. Bad data is an existential threat to DePINs. Without verification, networks become vulnerable to spoofing, fraud, and failure. The future of decentralization hinges not just on removing central authority, but on proving that the data we rely on is accurate and consistently accessible. Read more: Uniting idealists and earners through DePIN is a web3 growth hack | Opinion Author: Markus Levin Markus Levin is the co-founder of XYO, with over 15 years of experience in building, growing, and selling companies in high-growth industries worldwide. Throughout his career, Markus has been driven by a passion for leveraging data-driven solutions to solve complex problems and maximise institutional potential. His expertise spans multiple industries, with a particular focus on technology, blockchain, and innovation. Markus mined his first Bitcoin in 2013, igniting his fascination with blockchain technologies. Since then, he has dedicated himself to exploring new business models and cutting-edge technologies that empower people and organizations alike. Markus has been instrumental in navigating the intersection of traditional business models and emerging technologies, always with an eye on creating scalable, impactful solutions that benefit society.
VICTORIA, Seychelles, April 28, 2025 /PRNewswire/ — MEXC , a global leader in cryptocurrency trading, has upgraded the feature for MEXC DEX+, enabling users to register and log in seamlessly using external Web3 wallets such as MetaMask, Phantom, Trust Wallet, and TronLink. By leveraging wallet addresses as account identifiers, this innovation eliminates email or phone verification, delivering instant access to a unified CEX-DEX trading experience. Combining the robust liquidity of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), MEXC is redefining Web3 trading, empowering users worldwide to embrace the future of finance. Wallet as Identity: Seamless Trading Redefined MEXC DEX+’s external wallet registration feature prioritizes user experience, transforming the ease and flexibility of crypto trading. Key highlights include: Sign Up and Trade in Seconds: Connect MetaMask, Phantom, Trust Wallet, or TronLink, sign, and create an MEXC account with a unique on-chain identity in just 3 seconds—no email or phone required. Unified CEX-DEX Experience: Link an external wallet to manage CEX and DEX assets effortlessly. Move wallet assets to CEX for trading with one click, with trading tiers and VIP benefits syncing seamlessly across platforms. Effortless Multi-Chain Trading: Support for SOL, BSC, Base, Tron, and more empowers users to capitalize on market opportunities across blockchains anytime, anywhere. Robust Security: Protecting Your Assets In the Web3 era, protecting users’ assets is critical. MEXC DEX+ delivers ironclad security through advanced, multi-layered defenses, ensuring users’ funds are safe and providing true peace of mind with a “wallet as identity” experience: Three-Factor Security: Withdrawals require bot detection, two-factor authentication (via SMS, email, or Google Authenticator, choose two), and an on-chain signature for bulletproof account security. Full Private Key Control: Users retain full control of their private keys, guaranteeing decentralized protection and complete account sovereignty. MEXC DEX+’s external wallet connection feature opens a decentralized trading gateway for all users, including crypto novices or seasoned traders. It seamlessly integrates centralized exchange (CEX) liquidity with decentralized exchange (DEX) flexibility, enabling efficient Web3 trading with enhanced account security and control. “This upgrade strengthens MEXC’s commitment to Web3,” said Tracy Jin, COO of MEXC, “By connecting CEX and DEX, we are fostering a secure, user-friendly trading environment to support the global growth of decentralized finance.” Start trading today. Visit MEXC DEX+ to link your MetaMask, Trust Wallet, or other supported wallets. Reminder: Always connect your wallet through MEXC’s official channels and never share your seed phrase or private key. About MEXC Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. For more information, visit: MEXC Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC
Bitcoin (BTC) had a good start to the week ahead of critical data releases, with the price rising above $94,000. While Ethereum and altcoins were also on this rise, there was a surprise jump in an altcoin. Privacy-focused altcoin Monero (XMR), which was delisted by Binance, made a surprise rise today and became a hot topic in the crypto market. Related News: There Was a Huge Jump in the Altcoin That Binance Controversially Delisted! What's the Reason? While analysts noted that there was no specific catalyst for the rise in XMR, blockchain security expert ZachXBT explained that the reason for the rise in XMR was a hacker. According to ZachXBT's post, a hacker converted the stolen $330.7 million worth of Bitcoin into XMR, and the XMR price jumped. ZachXBT noted that around nine hours ago, an address starting with “bc1qcr” was hacked and 3,520 BTC (worth $330.7 million) was stolen. The hacker then laundered the stolen funds across more than six exchanges and converted them into Monero (XMR), which caused a significant increase in XMR prices. “A hacker made a suspicious transfer of 3520 BTC (worth $330.7 million) from an address nine hours ago. Shortly thereafter, the stolen BTC funds began to be laundered through over 6 exchanges and exchanged for XMR, causing the XMR price to increase by 50%. XMR continues to trade at $285 at the time of writing. Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike… — ZachXBT (@zachxbt) April 28, 2025 *This is not investment advice. Continue Reading: The Reason for the Surprise Jump in Monero (XMR) Has Been Revealed! ZachXBT Explained: "Hacker!"
Recent data from a collaborative survey by ABC News, The Washington Post, and Ipsos Group has surfaced, indicating a notable decline in approval ratings for former President Trump. As of
Monero (XMR) surged 40% after a $330 million laundering transaction rapidly converted stolen BTC into XMR across exchanges. Trading volume for XMR skyrocketed by 360%, setting a 2025 daily record,