The Bybit hacker has laundered $1.04 billion in stolen funds in just 10 days, but security firms believe some assets may still be recoverable through blockchain tracing.
On March 4th, COINOTAG News reported a significant downturn in the cryptocurrency market, which has seen a drastic correction of over 14.7% within a 24-hour period, leading to a total
The post Time to Sell Solana (SOL)? Whales Unstake Millions Amid Price Drop appeared first on Coinpedia Fintech News SOL, the native token of the Solana blockchain, appears to be attracting considerable attention from crypto enthusiasts following its recent decline. According to Coinmarketcap data, SOL has seen a significant price drop of over 20% in the past 24 hours and is currently trading near $137. Whale Unstaked $10.40 Million Worth SOL Following this bearish price momentum, a crypto whale who has been holding SOL since it was trading at $43 has unstaked 79,530 SOL tokens worth $10.39 million, according to on-chain analytics firm EyeOnChain on X (formerly Twitter). The post also noted that this whale had previously withdrawn nearly 200,000 SOL tokens worth $8 million from Binance and staked them. However, as the price continues to decline, he now appears to be dumping and partially booking profits. Another whale is saying goodbye to $SOL . 3 hours ago, a whale #unstaked 79,530 SOL ($10.86M). Back on Nov 8, 2023, they withdrew 200K SOL ($8.6M) from Binance and staked it when SOL was just $43. pic.twitter.com/keIsChVaof — EyeOnChain (@EyeOnChain) March 4, 2025 However, this potential profit booking occurred after the Crypto Strategic Reserve announcement, in which pro-crypto U.S. President Donald Trump mentioned SOL in the reserve. Considering the current market sentiment and recent whale activity, it appears that whales may be saying goodbye to Solana. Will the SOL Price Fall to $100? Besides this, another crypto trader appears bearish on SOL, having deposited 2 million USDC to long the token. However, the bearish signal comes from the fact that he has placed a limit order between $100 and $131.82 to accumulate tokens. This suggests that SOL could drop to the $100 level in the coming days. Time to sell $SOL ? Here’s why: A whale deposited 2M USDC to long SOL 4 hours ago. They’ve placed multiple limit orders between $100 and $131.82, aiming to accumulate. This suggests #sol could hit $100 soon. pic.twitter.com/IbWhwTtiU4 — EyeOnChain (@EyeOnChain) March 4, 2025 Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL is currently at a crucial support level near $130. This level has historically acted as a strong price reversal zone, often witnessing significant buying pressure. Based on recent price action and historical momentum, if SOL holds this level, there is a strong possibility it could soar by 30% to reach $137 in the coming days. Source: Trading View With the ongoing market uncertainty, investors and long-term holders have been accumulating the token, according to on-chain analytics firm Coinglass . Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $180 million worth of SOL tokens in the past 48 hours. Source: Coinglass When combining this outflow data with technical analysis, SOL appears bullish in the long term, whereas in the short term, the asset seems to be struggling to gain momentum.
The post Bitcoin Price Prediction 2025: Can BTC Hit $150K Despite Market Turmoil? appeared first on Coinpedia Fintech News Bitcoin has had a rough start to 2025 due to economic uncertainty and a broader risk-off sentiment in global markets. Amid fresh trade tariffs and macroeconomic shifts, investors are moving toward safer assets like gold. However, Fundstrat’s Tom Lee remains optimistic, predicting that markets are close to bottoming out and that Bitcoin could still reach $150,000 by year-end. Market Uncertainty Hits Bitcoin Hard The recent downturn in Bitcoin isn’t happening in isolation. The U.S. has confirmed new trade tariffs against Canada and Mexico, rattling financial markets. Stocks have taken a hit, with the S&P 500 and Nasdaq dropping sharply. Bitcoin followed suit, and BTC fell to $83K from $95K, dropping 10% in a single day and wiping out its recent gains . Analysts from The Kobeissi Letter note that this “global move” away from risky assets has made Bitcoin vulnerable. Gold, on the other hand, has performed well, trading near all-time highs. Gold went up by 10% while Bitcoin has fallen by the same percentage since January—suggesting that investors no longer see Bitcoin as a safe haven. Adding more selling pressure on BTC. Tom Lee: Bottom in Sight, BTC Still on Track for $150K Despite the pullback, Tom Lee believes this is just part of Bitcoin’s natural market cycle. He suggests that markets are currently in a bottoming phase and could stabilize by the end of the week. His focus is on Friday’s job data, which he sees as a major trigger for the next market move. Speaking to CNBC, he reveals several factors behind this catastrophic bloodbath, he directly blames the government’s complex measures under the Department of Government Expenditure (DOGE) program, which has reduced public spending. On top of this, his new tariff policies have created uncertainty for businesses and investors. He further adds that if job numbers come in worse than expected, there could be an initial wave of panic. However, Lee argues that poor data might push the Federal Reserve to cut interest rates faster, which could provide a strong tailwind for Bitcoin and stocks. Futures markets are already pricing in 75 basis points of cuts by the end of the year, on top of the 100 basis points already implemented. The Bigger Picture for Bitcoin Lee isn’t overly concerned about Bitcoin’s short-term weakness. He attributes the decline to broader market cycles rather than any fundamental weakness in crypto. While he acknowledges that Bitcoin could briefly drop to $62,000, he remains confident that it will stage a strong comeback, potentially breaking past $150,000 before the year is over. According to trader Daan Crypto Trades, Bitcoin is retesting its 200-day moving average , a crucial support level in bull markets. He sees this as a rare and important moment, highlighting the need for bulls to hold this level to maintain the uptrend. $BTC Re-testing the Daily 200MA again. Important area to watch as you rarely get these tests during a big high timeframe run. Also a key level to hold for the bulls. pic.twitter.com/MAljckjRAb — Daan Crypto Trades (@DaanCrypto) March 4, 2025 For now, all eyes are on economic data and the Fed’s next move. If conditions align, Lee’s bullish outlook might just play out.
Bitcoin’s rally past $94,000 was short-lived as the asset dumped just as quickly and slumped below $84,000, thus erasing all the gains from Sunday’s surge. The altcoins have suffered even more, with the likes of SOL, DOGE, ADA, LINK, and many others posting double-digit price declines over the past 24 hours. BTC Rejected Violently Probably very few people might have expected the massive volatility bitcoin and the entire crypto market will have to go through once Donald Trump took office. Let’s leave the months heading to his inauguration aside and even the crash from last week, which was mostly blamed on his tariffs and other geopolitical decisions. Let’s focus only on the events that transpired in the past 48 hours or so. Recall that on Sunday afternoon, the US president confirmed plans that his administration will work on a crypto reserve. This resulted in immediate price surges from most digital assets, especially those that he namedropped. A day later, BTC’s price had peaked at $95,000 as it had added ten grand in 12 hours. However, that’s where the rejection came in, as Trump’s tariffs were right around the corner (starting today). Bitcoin was quickly pushed down from the $95,000 level to under $90,000. It kept losing value as Trump paused the military funding to Ukraine. The culmination came hours ago when BTC dumped to $82,500. Although it has recovered over a grand since then, it’s still nearly 10% down on the day . Its market cap has slumped to $1.660 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts Bleed Out The entire field is covered with red today, as many altcoins have posted losses of over 10%. Ethereum is down to $2,100 after an 11.5% drop, XRP has slumped to $2.35 after losing 12% in a day, and SOL has dumped beneath $140 after a 16% decline. Similar or even more painful decreases come from DOGE, ADA, LINK, LTC, AVAX, SUI, XLM, SHIB, and many, many others. The total crypto market cap erased all the gains from the Sunday pump and is down by over $300 billion to under $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Altcoins Suffer Double-Digit Losses as BTC Dumps Below $84K (Market Watch) appeared first on CryptoPotato .
The combined market capitalisation of all cryptocurrencies, excluding Bitcoin, is at the $1 trillion major support. Another $80 billion could be about to get erased from altcoins if this support fails. Total2 at critical support Source: TradingView These are scary times for those holding altcoins. We are supposed to be in the midst of a bull run, but the bleed-out in cryptocurrencies just does not appear to want to stop. Currently, the altcoin market cap is just at the conjunction of the 0.618 Fibonacci and the rising trendline. If this support fails, the next stop is the 0.786 Fibonacci at $919 billion. Of course, some may say that the 39% that the altcoins market cap has already fallen from the top can be considered quite normal for a bull market. In fact, the previous bull market saw a drop of 60% before a rally up and past the previous all-time high. A similar correction this time could see the altcoins market cap going nearly all the way back to the $620 billion absolute bottom support. Not a scenario that would inspire confidence for getting much above the current all-time high by the end of this bull market. $ETH on brink of disaster Source: TradingView Probably the canary in the coalmine for the health of the altcoins is Ethereum (ETH). If this one drops, there is a very big likelihood that the rest will follow. $ETH is once again sitting on the brink of disaster. The price is at the very lowest level of the band of major support, and is only just above the bull market trendline, which stretches all the way back to July 2020. If this fails, and the price consolidates below, we might have to say goodbye to this current bull market. Will the $SOL bull trendline confirm as failed? Source: TradingView Solana (SOL) is the major layer 1 smart contract competitor to Ethereum, and as can be seen in the chart above, the bull market trendline has already potentially failed. The price has come well down below it, and the current monthly candle is looking to confirm the breakdown. That said, there is still the rest of this month to go, and anything can still happen. Very strong horizontal support is just below the price, and the Stochastic RSI momentum indicator is approaching the bottom. If one looks back at the last time the Stochastic RSI was this low, it was at the beginning of the bull run for $SOL. There is a scenario where the price could still pierce through the support band and hit the $100 horizontal support level. If it didn’t turn back up from there the bull run for $SOL could be over. That said, If it did turn back up, and the monthly Stochastic RSI started to rise, who knows how far $SOL could eventually go. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The ongoing legal battle between Ripple and the SEC highlights a critical intersection of cryptocurrency regulation and government policy in the U.S. Despite a wave of dismissals from the SEC
Solana has faced significant volatility, dropping 19% recently. Major transactions have influenced Solana's price decline and liquidity issues. Continue Reading: Solid Start Turns Turbulent: Solana’s Price Struggles Uncovered The post Solid Start Turns Turbulent: Solana’s Price Struggles Uncovered appeared first on COINTURK NEWS .
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When people talk about zero-knowledge cryptography in 2024, they’re often referring to a privacy-focused use case that relies on a combination of blockchain technology, cryptocurrencies, digital wallets, and users with some degree of web3 knowledge. You might also like: Zero-knowledge modularity can help to scale web3 | Opinion Zero-knowledge proofs have existed since the 1980s, long before the advent of web3. So why limit their potential to blockchain applications? Traditional companies can—and should—adopt ZK technology without fully embracing web3 infrastructure. At a basic level, ZKPs unlock the ability to prove something is true without revealing the underlying data behind that statement. Ideally, a prover creates the proof, a verifier verifies it, and these two parties are completely isolated from each other in order to ensure fairness. That’s really it. There’s no reason this concept has to be trapped behind the learning curve of web3. Most organizations that could benefit from ZK technology aren’t using blockchains or are not even aware of web3. The industry is still young, with many just now familiarizing themselves with Bitcoin ( BTC ) and Ethereum ( ETH ), not to mention Layer 2s and 3s. Despite all that, ZKPs can already be applied to a variety of real-world use cases, and they don’t need to integrate fully web3 rails to do so. Do you trust your slot machine payout? With zero-knowledge proofs, you don’t have to trust a gaming operator. You can just enjoy playing and have peace of mind knowing that the game is designed fairly. Every digital gambling machine in the world should be designed with ZKPs; it just makes sense for the operators and the players. The best part is that players can enjoy the benefits without the words “web3” or “crypto” even entering their minds. Recently, DraftKings and White Hat Gaming were fined $22,500 by the state of Connecticut for their online slot machine game, which failed to pay any winners over one week in August 2023—even though there were more than 20,600 spins that week. The game advertised that nearly 95 cents would be paid out for every $1 wagered, so the algorithm should have returned $19,570 to the players who wagered $20,600 in spins. Instead, players lost $20,600—all of which went to DraftKings. This is where zero-knowledge proofs can make a big difference. A ZKP could prove that a game paid out a certain amount of money over a given period and at a specific hit rate without revealing individual spins or player identities. This is great, but there is still the problem of verifying the proof. Someone needs to ensure that DraftKings, or any gaming operator, constructed the proofs correctly based on all the required data. It could be DraftKings themselves, but we shouldn’t trust them to handle their own verification. A regulator or auditor could do it, but this would likely cost DraftKings a lot of money, which would then be passed on to the customer. In this situation, the best option is a public and decentralized network built specifically to verify proofs in a quick and cost-effective manner. Instead of the user being asked to trust a centralized entity, they can trust a decentralized protocol that ensures nefarious actors (i.e., those who may try to verify an incorrect proof) are punished if they misbehave. AI output and trustworthiness AI’s potential for deception is well-established. However, there are ways we can harness AI’s creativity while still trusting its output. As artificial intelligence pervades every aspect of our lives, it becomes increasingly important that we know the models training the AIs we rely on are legitimate because if they aren’t, we could literally be changing history and not even realize it. With ZKML, or zero-knowledge machine learning, we avoid those potential pitfalls, and the benefits can still be harnessed by web2 projects that have zero interest in going onchain. Recently, the University of Southern California partnered with the Shoah Foundation to create something called IWitness, where users are able to speak or type directly to holograms of Holocaust survivors. This is an undeniably powerful use of machine learning. There’s something so strangely moving about interacting with a hologram of a Holocaust survivor and feeling like you’re having a real conversation. But with a subject this sensitive, it’s even more crucial that the algorithm underlying the hologram is generating factual information. Enter zero-knowledge proofs. If we were to reimagine this project, we might consider adding a “proof of algorithm output” where the user is able to see evidence that the responses they are seeing are based on a Natural Language Processing algorithm that was correctly trained on troves of historical transcripts and interviews with Holocaust survivors, ensuring that the information presented is accurate. ZKPs make it possible to get proof of this input data and AI training without revealing the underlying information. Fact-checking the Holocaust information would also require perusing vast amounts of data, potentially requiring the end user to download or access large data sets and then spend hours reading or watching interviews. ZKPs allow the user to forgo this tedious and resource-intensive process. In this case, we might trust USC to verify proofs for this particular project, but there are certainly more use cases with AI where the end user may not want to trust a centralized entity to both create and verify proof. When incentives to construct “fake” proofs and have them verified align, decentralized proof verification makes the most sense. ZK is a trustless, decentralized system for all We don’t need to trust companies or robots to tell us the truth because we have ZK. Many industries can level up with zero-knowledge blockchain solutions, even if they know nothing about the web3 space. By tapping into ZK proof verification, companies and institutions can essentially keep doing everything they have been infrastructure-wise. They just need to create a simple system for proof creation and then use a decentralized system like zkVerify to handle the proof verification. Even though a blockchain is used, the users don’t need to worry about that. The future of ZK will be massive, and organizations won’t have to change much to reap the benefits. They can just plug and play. Read more: Do androids dream of zero-knowledge? | Opinion Author: John Camardo John Camardo is the head of product management at Horizen Labs, where he focuses on applying zero-knowledge cryptography to solve real-world problems. He currently leads the product side of zkVerify, a chain-agnostic modular blockchain dedicated to efficiently verifying ZK proofs.
There are several reasons why the SEC and Ripple have yet to reach a settlement while other prominent crypto cases have found resolution.