Ethereum is looking ready to break above $5,000 after surging more than 200% from its $1,385 low recorded four months ago. At the time of writing, ETH is trading at $4,680 after touching $4,715. It currently sits merely 2% below its 2021 peak. Market participants anticipate a break above $5,000 this weekend, particularly as the key SMA30 (30-day Simple Moving Average) indicator has shown considerable strength in recent weeks. SMA30 Reveals 40,000 Daily ETH Outflows Keep Bulls in Control Data from CryptoQuant reveals that as of August 12, the ETH SMA30 registers -40,000 ETH, with an average daily outflow of 40,000 throughout the past month. To understand this metric properly, positive net inflow values typically indicate potential selling pressure, while negative values, representing ETH outflows, mean buying pressure is taking control. Ethereum’s Netflow SMA30 Hits -40K ETH: Buying Pressure Strengthens “As long as SMA30 stays in negative territory, the uptrend in Ethereum is likely to continue.” – By @burak_kesmeci pic.twitter.com/vRVR6FVDDs — CryptoQuant.com (@cryptoquant_com) August 13, 2025 Retail investors tend to sell during these periods while institutional players accumulate positions. For example, Arthur Hayes liquidated 2,373 ETH (valued at $8.32 million) one week ago when ETH traded around $3,507, only to repurchase at higher levels. Meanwhile, ETFs purchased $1 billion worth of Ethereum in a single trading session. ETFS JUST BOUGHT $1 BILLION USD OF ETHEREUM BLACKROCK BOUGHT $640M $ETH FIDELITY BOUGHT $270M $ETH GRAYSCALE BOUGHT $80M $ETH THE INSTITUTIONS ARE COMING FOR $ETH pic.twitter.com/lFt0dmINvj — Arkham (@arkham) August 12, 2025 The ETF influence is generating buying pressure and driving prices upward. CryptoQuant analyst “burakkesmeci” maintains that as long as the SMA30 remains in negative territory, Ethereum’s upward trajectory is expected to persist. “Unless we witness a reversal into positive territory, this rally’s momentum could stay intact in the near term,” the analyst said. The buying volume and pressure show no signs of diminishing anytime soon. Ethereum has now exceeded a $567 billion market capitalization for the first time in four years, with daily trading volume surpassing $60 billion. Source: TradingView Yesterday, ETH treasury companies prepared to acquire $27 billion worth of ETH, equivalent to 40% of all ETH currently available on exchanges. Five Ethereum treasury companies presently hold approximately 2,400,000 ETH combined (valued at $5 billion). Tom Lee’s BitMine alone accumulated over $2.9 billion worth of ETH (5% of the Ethereum supply). Why ETH Could Break $5,000 This Weekend The substantial dry capital positioned to bid on Ethereum would likely push it into price discovery territory, potentially establishing new highs above $5,000. Consider that ETH reached $4,868 in 2021 without several current catalysts. For instance, back in 2021, neither ETFs nor treasury companies were purchasing billions in ETH weekly. The U.S. President wasn’t supporting cryptocurrency (let alone holding $500M+ in Ethereum as President Trump does), and OTC desks weren’t experiencing ETH supply shortages. These catalysts, combined with increasing altcoin market dominance, suggest that Ethereum is positioned to continue outperforming the broader market. Crypto investor LordofAlts believes Ethereum can achieve $5,000 by this weekend. His analysis suggests Ethereum is following a familiar pattern of breakout, fake-out, reclaim, and subsequent pump. $ETH playing the same pattern which i shared you earlier. Everything is pretty clear till $4,500 then we will check if this pattern is continuing or we are getting something else. Lock in till then. After a long pullback, we saw a strong reclaim and a big pump everytime. One… https://t.co/5gBqT2wWja pic.twitter.com/dSEcKXjBrb — Henry (@LordOfAlts) August 9, 2025 “ETH is flipping the entire market script and running strong. Now that shorts have been perfectly liquidated, you know what’s coming next. One piece of news, and this movement will become explosive.” Fellow crypto investor TedPillows also pointed out that ETH is preparing to break out of its four-year sideways trading range. He projects a $10,000 target for Ethereum near the cycle peak. Ethereum Technical Analysis: Elliott Wave 5 Points to $5,013 From a technical perspective, the 4-hour ETH/USD chart displays a clear Elliott Wave pattern and appears to be progressing through wave five of the current bullish cycle. Price recently reached $4,699 during wave three, experienced a corrective decline in wave four, and is now advancing toward the projected $5,013 target, with broader resistance extending toward $5,216. Source: TradingView The RSI currently sits at an elevated 76, suggesting overbought conditions that could trigger a short-term pullback before the next upward movement. Price action remains well above the 9-period SMA, demonstrating robust upward momentum. Should the current rally lose steam, a retreat toward the $4,492–$4,410 support zone is possible before continuing. Overall, momentum and wave structure indicate a near-term push higher, though short-term consolidation or correction appears likely before a decisive move toward the $5,000 level. The post ETH To $5000 By This Weekend? Elliott Wave 5 Targets $5,013 As Shorts Get Wrecked appeared first on Cryptonews .
BitcoinWorld Solana ETF: SEC Acknowledges Invesco Galaxy’s Pivotal Spot Filing The world of digital assets is buzzing with exciting news! The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing for a spot Solana ETF from a powerful duo: Invesco and Galaxy Digital. This isn’t just a procedural step; it’s a significant moment for the broader cryptocurrency market, potentially opening new avenues for investors and solidifying Solana’s place in mainstream finance. What Does SEC Acknowledgment Mean for a Spot Solana ETF? When the SEC issues an SEC acknowledgement of a filing, it essentially confirms that they have received the application and the formal review process has begun. This is the very first step in what can be a lengthy journey toward approval for any new financial product, especially a groundbreaking spot Solana ETF . Initial Phase: The acknowledgment starts the clock for the SEC to review the proposal. They will meticulously examine every detail, from the fund’s structure to its custody arrangements and market surveillance. This rigorous process aims to ensure investor protection. Joint Effort: Invesco and Galaxy Digital are the joint proposers of this innovative fund. Invesco is a global investment management firm with vast experience in traditional finance, while Galaxy Digital is a leading financial services and investment management firm specializing in the digital asset sector. Their combined expertise brings significant weight and credibility to this application. This development follows a noticeable trend where major financial institutions are increasingly exploring ways to offer exposure to cryptocurrencies through regulated investment vehicles. It clearly signals growing institutional interest in assets beyond just Bitcoin and Ethereum, showcasing the expanding acceptance of the crypto space. The Significance of Invesco Galaxy’s Bold Move The strategic move by Invesco Galaxy to file for a spot Solana ETF is particularly noteworthy for several reasons. Solana (SOL) is a high-performance blockchain, widely recognized for its impressive speed, low transaction costs, and remarkable scalability. These attributes have made it a prominent and crucial player in both the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems. A spot ETF would allow traditional investors to gain exposure to SOL’s real-time price movements without the complexities of directly purchasing, storing, or securing the cryptocurrency themselves. This simplifies access significantly. Historically, the SEC has shown hesitation in approving spot crypto ETFs, primarily due to concerns around potential market manipulation and ensuring robust investor protection. However, the recent approvals of spot Bitcoin ETFs earlier this year, and more recently spot Ethereum ETFs, have undeniably set a powerful precedent. This suggests a potential, albeit cautious, shift in the regulatory stance, making a Solana ETF a more tangible and realistic possibility than ever before. For everyday investors, a spot Solana ETF could offer several compelling advantages: Ease of Access: Investors could easily trade shares of the ETF through their existing traditional brokerage accounts, just like stocks or other ETFs. Regulatory Clarity: The ETF would operate within a well-defined and regulated framework, potentially alleviating some concerns about the unregulated nature of direct crypto holdings. Portfolio Diversification: It provides a straightforward way to add another major digital asset to a traditional investment portfolio, offering exposure to the high-growth potential of the Solana ecosystem. Navigating the Regulatory Landscape for a Solana ETF The SEC acknowledgement is merely the initial step in a comprehensive and often lengthy regulatory review process for a Solana ETF . The U.S. Securities and Exchange Commission has a fundamental mandate to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Their review process for a new financial product like a spot digital asset ETF involves several critical stages, including public comment periods, detailed staff reviews, and often, multiple rounds of amendments and potential delays. The SEC will meticulously scrutinize various aspects of the proposed fund to ensure it meets stringent regulatory standards. Key areas of focus typically include: Market Surveillance Agreements: How will the ETF ensure that the underlying Solana spot market, which is largely unregulated, is not susceptible to fraudulent activities or manipulation? This often involves agreements with regulated exchanges. Robust Custody Solutions: How will the actual Solana tokens held by the fund be securely stored and protected from theft or loss? Secure, institutional-grade custody is paramount. Comprehensive Investor Protection: What specific safeguards are in place to protect investors from risks associated with cryptocurrency volatility and the nascent nature of the digital asset market? While the path to final approval for a digital asset ETF is certainly not guaranteed and could face significant hurdles, the fact that the SEC is formally reviewing a Solana ETF application demonstrates the increasing maturity and mainstream acceptance of the digital asset space. This ongoing dialogue and integration between traditional finance and the innovative crypto sector are absolutely crucial for sustained innovation and healthy market growth. What’s Next for Digital Asset ETFs? The acknowledgment of the Invesco Galaxy spot Solana ETF filing adds another layer of anticipation and excitement to the rapidly evolving landscape of digital asset ETFs . If this particular ETF receives final approval, it would mark Solana as only the third cryptocurrency, following Bitcoin and Ethereum, to have a spot ETF available to U.S. investors. This achievement would be a significant milestone for the Solana ecosystem. Furthermore, such an approval could potentially pave the way for other altcoin ETFs, significantly broadening the investment horizons for traditional investors who are looking to diversify their exposure to the crypto market. The market is now closely watching how the SEC proceeds with this application. Each step in this regulatory journey contributes to establishing clearer guidelines and a more robust framework for the seamless integration of cryptocurrencies into mainstream financial products. This could unlock substantial institutional capital, bringing greater liquidity, stability, and broader adoption to the Solana network and the wider crypto industry. The acknowledgment of Invesco Galaxy’s spot Solana ETF filing by the SEC is more than just a procedural update; it’s a powerful signal of the increasing institutional embrace of cryptocurrencies beyond Bitcoin and Ethereum. This development could fundamentally reshape how investors access the vibrant world of digital assets, making regulated exposure to Solana a tangible reality. As the regulatory process unfolds, the entire crypto community will be watching closely, anticipating the potential for new investment opportunities and further mainstream adoption. Frequently Asked Questions (FAQs) Q1: What is a spot Solana ETF? A spot Solana ETF is an exchange-traded fund that directly holds Solana (SOL) tokens. It allows investors to gain exposure to Solana’s price movements through traditional brokerage accounts without needing to buy and store the cryptocurrency themselves. Q2: Who filed the spot Solana ETF application? The application for the spot Solana ETF was jointly filed by Invesco and Galaxy Digital, two prominent firms in traditional finance and digital asset management, respectively. Q3: What does the SEC’s acknowledgment mean for the Solana ETF? The SEC’s acknowledgment signifies that they have received the filing and have formally begun their review process. It is the initial step in a multi-stage regulatory journey that could eventually lead to approval. Q4: How does this differ from Bitcoin or Ethereum ETFs? Similar to the recently approved spot Bitcoin and Ethereum ETFs, a spot Solana ETF would directly hold the underlying asset. The key difference is the specific cryptocurrency being tracked, expanding the range of regulated crypto investment products. Q5: What are the potential benefits of a Solana ETF for investors? A Solana ETF could offer investors easier access to Solana’s price action through traditional investment channels, provide regulatory clarity, and allow for better portfolio diversification within a regulated framework. Q6: What are the next steps after the SEC acknowledgment? Following acknowledgment, the SEC will conduct a thorough review, which includes public comment periods. The process can involve multiple rounds of feedback and amendments before a final decision on approval or disapproval is made. Did you find this update on the potential Solana ETF insightful? Share this article with your friends, family, and fellow crypto enthusiasts on social media to spread the word about this exciting development in the digital asset space! To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset ETFs institutional adoption. This post Solana ETF: SEC Acknowledges Invesco Galaxy’s Pivotal Spot Filing first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Shocking USDC Transfer: 500 Million Moves from Treasury to Unknown Wallet A recent USDC transfer has sent ripples through the cryptocurrency community, sparking considerable speculation. Whale Alert, the renowned blockchain tracker, reported a staggering movement of 500,000,000 USDC from the official USDC Treasury to an unidentified wallet. This monumental sum, valued at approximately $500 million, represents a significant crypto whale transaction that demands closer examination. What could be the reason behind such a substantial and sudden massive crypto movement ? Understanding the Enormous USDC Treasury Funds Movement On [Insert Date if available, otherwise keep general], Whale Alert brought to light a substantial transaction that quickly captured attention. A total of 500 million USDC, a stablecoin pegged to the US dollar, was moved from a wallet identified as the USDC Treasury funds . The destination? An “unknown wallet.” This detail is crucial because while blockchain transactions are transparent in terms of addresses and amounts, the identities behind these addresses often remain anonymous. Such a large-scale USDC transfer naturally raises questions. Is it a routine operational adjustment, a strategic move by a large institution, or something else entirely? The sheer volume of this massive crypto movement makes it noteworthy, regardless of the underlying purpose. It truly stands out as a significant event in the digital asset space. Why Do Massive Crypto Movements Matter in the Digital Economy? When half a billion dollars in stablecoin shifts, it’s more than just a number; it can signify potential market shifts or strategic maneuvers. Large transfers, often dubbed “whale movements,” are closely watched by analysts and investors alike for several reasons: Market Impact: While USDC is a stablecoin, a large transfer could precede significant buying or selling activity on exchanges, potentially impacting other crypto assets. Liquidity Management: Centralized entities like Circle (issuers of USDC) routinely manage large sums for various operational needs, including minting, burning, and liquidity provision. Institutional Activity: Such transfers often hint at significant institutional involvement, perhaps an over-the-counter (OTC) trade, a large investment, or rebalancing of portfolios. This particular massive crypto movement highlights the dynamic nature of the digital asset landscape and the continuous flow of capital within it. It underscores the critical role of understanding every crypto whale transaction for market watchers. Decoding Blockchain Transparency and the “Unknown Wallet” One of the core tenets of blockchain technology is its transparency. Every transaction is recorded on a public ledger, visible to anyone. So, how can a wallet be “unknown”? This question brings us to the nuances of blockchain transparency . Pseudonymity: Blockchain addresses are pseudonymous. While you can see the address, you don’t inherently know who owns it unless that owner chooses to reveal their identity (e.g., an exchange, a known treasury). Off-Exchange Movements: Many large transactions occur between private wallets or over-the-counter (OTC) desks, which don’t have publicly disclosed identities. Custodial Services: Large institutions often use custodial services, which manage funds on behalf of clients. The custodial wallet might appear as “unknown” but represents many clients’ aggregated funds. The incident underscores the dual nature of blockchain transparency : while the transaction itself is open, the identities behind the addresses can remain private, adding an element of intrigue to large transfers like this USDC transfer from the USDC Treasury funds . Potential Scenarios Behind This Significant Crypto Whale Transaction While the exact reason remains unconfirmed, several plausible scenarios could explain this substantial crypto whale transaction : Operational Rebalancing: The USDC Treasury might be moving funds between different cold storage or hot wallet addresses for security or liquidity purposes, optimizing their USDC Treasury funds management. Over-the-Counter (OTC) Deal: A large institutional investor might have purchased a significant amount of USDC directly from Circle or another large entity, bypassing public exchanges to avoid slippage. Exchange Deposit/Withdrawal: The funds could be moving to or from a major cryptocurrency exchange for liquidity provision or a large user’s withdrawal/deposit, though Whale Alert usually identifies exchange wallets, indicating this might be a more private massive crypto movement . Strategic Investment: A large entity might be preparing to deploy this capital into other decentralized finance (DeFi) protocols, new investments, or even traditional markets, leveraging the benefits of blockchain transparency . Understanding these possibilities helps contextualize the movement, even without definitive answers. Each scenario highlights the complex strategies behind such a significant USDC transfer . What Does This Mean for the Crypto Community? This significant USDC transfer serves as a reminder of the scale and velocity of capital flows within the digital asset ecosystem. It highlights the constant activity by major players and the underlying robustness of stablecoins like USDC, which facilitate such large transactions smoothly. While the specific purpose of this transfer remains a mystery for now, it reinforces the importance of monitoring on-chain data for insights into market dynamics and potential future developments. The crypto world continues to evolve rapidly, and events like this massive USDC transfer are a testament to its growing maturity and the substantial capital now flowing through decentralized networks. Keeping an eye on these significant blockchain transparency movements provides valuable context for understanding the broader market trends and the implications of every major crypto whale transaction . Frequently Asked Questions (FAQs) Q1: What is USDC? A1: USDC (USD Coin) is a stablecoin pegged to the US dollar, meaning its value is designed to remain stable at $1.00. It is fully backed by reserves of cash and short-dated U.S. government obligations. Q2: What is the USDC Treasury? A2: The USDC Treasury refers to the official wallets or addresses controlled by Circle, the issuer of USDC. These wallets hold the reserves and manage the minting and burning of USDC tokens. Q3: Why are “unknown wallets” a thing on transparent blockchains? A3: Blockchains are transparent in recording transactions and addresses, but they are pseudonymous. This means while you can see an address and its activity, the real-world identity of the owner is not publicly disclosed unless they choose to reveal it, making the wallet “unknown” in terms of ownership. Q4: Does this transfer affect USDC’s peg to the dollar? A4: No, a large transfer of existing USDC tokens from the Treasury to another wallet does not directly affect USDC’s peg. The peg is maintained by Circle’s commitment to redeem USDC for $1 and its backing by reserves, not by the movement of tokens between wallets. Q5: How do analysts track such large transfers? A5: Analysts use blockchain explorers and services like Whale Alert, which monitor large transactions on various blockchains. These tools allow them to see the source, destination, amount, and timestamp of transactions, providing insights into significant on-chain activity. Did you find this analysis of the recent USDC transfer insightful? Share this article on your social media to help others understand the fascinating world of crypto whale transactions and blockchain movements! To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin price action and institutional adoption. This post Shocking USDC Transfer: 500 Million Moves from Treasury to Unknown Wallet first appeared on BitcoinWorld and is written by Editorial Team
U.S. GOVERNMENT’S ANNOUNCEMENT ON PHARMA SECTOR PROBE AND TARIFFS UNLIKELY FOR A FEW WEEKS, SOURCES SAY
Useless Coin experienced a significant price surge following Coinbase's roadmap announcement. This meme coin on the Solana network saw a 40% increase and high trading volume. Continue Reading: Useless Coin Sparks Intrigue as Price Soars 40% Post-Announcement The post Useless Coin Sparks Intrigue as Price Soars 40% Post-Announcement appeared first on COINTURK NEWS .
BitcoinWorld Bitcoin Price Soars Past $122,000: What’s Driving This Incredible BTC Rally? The cryptocurrency world is buzzing with excitement! We’ve just witnessed a truly remarkable event as the Bitcoin price has surged past the significant $122,000 mark. This impressive movement, monitored by platforms like Bitcoin World, highlights a powerful shift in the market. Indeed, on the Binance USDT market, BTC is actively trading around $122,000, signaling a robust BTC rally that has captured global attention. What’s Fueling This Incredible Bitcoin Price Surge? Many factors contribute to Bitcoin’s remarkable ascent. One primary driver is the growing institutional interest. Major financial players are increasingly allocating capital into Bitcoin, viewing it as a legitimate asset class and a hedge against inflation. This influx of institutional funds provides substantial buying pressure, directly impacting the Bitcoin price . Moreover, anticipation around the upcoming Bitcoin halving events often creates positive market sentiment. Historically, halvings have been followed by significant price appreciation due to a reduction in new supply. While not immediate, the narrative builds confidence. Increased Adoption: More businesses and individuals are embracing Bitcoin for transactions and investments. Macroeconomic Climate: Global economic uncertainties often push investors towards decentralized assets like Bitcoin. Technological Advancements: Continuous improvements in the Bitcoin network enhance its security and scalability. Navigating the Volatility: A Prudent Approach to Bitcoin Value While the current momentum is exhilarating, understanding the inherent volatility of digital assets is crucial. The Bitcoin value can fluctuate significantly, and market corrections are a natural part of its journey. It’s essential for investors to conduct thorough research and consider their risk tolerance before making investment decisions. Remember, past performance does not guarantee future results. Diversifying your portfolio and investing only what you can afford to lose are fundamental principles in the crypto space. This disciplined approach helps in navigating the dynamic landscape of the market. Consider these actionable insights: Always research before investing in any cryptocurrency. Understand the technology and use case behind the asset. Implement a clear investment strategy, whether short-term or long-term. Broader Crypto Market Update: Beyond Bitcoin’s Ascent Bitcoin’s performance often sets the tone for the entire digital asset ecosystem. This recent surge has certainly injected optimism across the board, leading to a broader crypto market update that shows positive trends for many altcoins. When Bitcoin demonstrates strength, it frequently pulls other cryptocurrencies upward, benefiting the overall market capitalization. However, it’s also important to observe how different sectors within crypto are performing. Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and various Layer-1 solutions might react differently to Bitcoin’s movements. Staying informed about these nuances provides a more comprehensive view of the market’s health. The Road Ahead: What’s Next for the BTC Rally? The question on everyone’s mind is, “How much further can this BTC rally go?” While no one can predict the future with certainty, analysts are closely watching key resistance levels and market indicators. Continued institutional inflows and positive regulatory developments could provide further impetus for upward movement. Conversely, unexpected global events or significant regulatory crackdowns could introduce headwinds. The market remains responsive to a variety of internal and external factors. Long-term holders often focus on Bitcoin’s fundamental value proposition as a scarce, decentralized digital gold, rather than short-term price swings. Understanding the Cryptocurrency Surge: Key Takeaways This latest cryptocurrency surge underscores the growing maturity and acceptance of digital assets. It highlights Bitcoin’s role as a leading indicator and a significant store of value in the modern financial landscape. The journey of cryptocurrencies is marked by both incredible opportunities and inherent risks. To truly benefit from this evolving space, continuous learning and adaptation are key. Engage with reliable sources, understand market cycles, and always prioritize security in your digital asset holdings. The future of finance is undoubtedly being shaped by these groundbreaking technologies. In conclusion, Bitcoin’s impressive rise above $122,000 is a testament to its enduring strength and growing appeal. It signals a vibrant period for the crypto market, inviting both seasoned investors and newcomers to observe its fascinating dynamics with informed caution and strategic foresight. Frequently Asked Questions (FAQs) Q1: What does Bitcoin trading at $122,000 signify? A1: Bitcoin trading at $122,000 signifies a strong bullish sentiment and increased investor confidence in the cryptocurrency. It indicates significant buying pressure pushing its value upward, potentially reaching new all-time highs. Q2: What are the main reasons behind the recent Bitcoin price surge? A2: The recent Bitcoin price surge is primarily driven by growing institutional adoption, anticipation surrounding the Bitcoin halving, positive macroeconomic trends, and increased overall adoption of cryptocurrencies by individuals and businesses. Q3: Is now a good time to invest in Bitcoin given its current price? A3: Investing in Bitcoin always carries risks due to its volatility. While the current momentum is strong, it’s crucial to conduct your own research, understand market dynamics, and invest only what you can afford to lose. Consulting a financial advisor is always recommended. Q4: How does Bitcoin’s performance affect the broader crypto market? A4: Bitcoin’s performance often acts as a bellwether for the entire crypto market. A strong Bitcoin rally typically boosts investor confidence across the board, leading to positive movements in altcoins and increasing the overall market capitalization. Conversely, a Bitcoin downturn can lead to a broader market correction. Q5: What are the risks associated with Bitcoin’s high volatility? A5: The high volatility of Bitcoin means its price can experience rapid and unpredictable swings. Risks include potential for significant losses, market manipulation, regulatory changes, and technical vulnerabilities. Investors should be prepared for these fluctuations and consider long-term strategies. Did you find this update on Bitcoin’s incredible rally insightful? Share this article with your friends and fellow crypto enthusiasts on social media to spread awareness about the latest market trends! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Soars Past $122,000: What’s Driving This Incredible BTC Rally? first appeared on BitcoinWorld and is written by Editorial Team
So far this month, Ethereum ETFs have pulled in as much ETH as the network has issued since the so-called merge in September 2022.
Renowned blockchain investigator ZachXBT has exposed an elaborate scheme involving five North Korean IT workers who created more than 30 fake identities. These operatives used government-issued ID cards and purchased professional accounts on Upwork and LinkedIn to get jobs with cryptocurrency projects as developers. Anonymous Source Compromises North Korean IT Workers’ Devices to Reveal Operation Details According to on-chain intelligence published on August 13, an unidentified informant successfully breached a Democratic People’s Republic of Korea (DPRK) IT worker’s device, providing insight into how this five-person team executed their employment fraud operation. The compromised data included exports from Google Drive, Chrome browser profiles, and device screenshots. 3/ Another spreadsheet shows weekly reports for team members from 2025 which provides insight into how they operate and what they think about. “I can't understand job requirement, and don't know what I need to do” “Solution / fix: Put enough efforts in heart” pic.twitter.com/rYkDC3jESf — ZachXBT (@zachxbt) August 13, 2025 All communications were conducted in English. Financial documentation obtained from the breach shows the technology job syndicate’s systematic approach to acquiring the necessary tools for their deception. Their expense spreadsheet details purchases of Social Security numbers, professional (LinkedIn and Upwork) accounts, phone numbers, artificial-intelligence subscriptions, computer rental services, and VPN/proxy networks. All of these were designed to meet blockchain industry employment requirements and facilitate access to internal systems and codebases. ZachXBT’s investigation revealed documentation outlining meeting schedules for targeted cryptocurrency projects, alongside detailed scripts for maintaining the fraudulent identity “Henry Zhang.” The operatives utilized AnyDesk software to access convenient VPN services, allowing them to appear as if they were located in regions they falsely claimed as their residence to employers. The leaked materials included Telegram conversations where team members discussed successful job placements and payment arrangements. In these exchanges, they shared ERC-20 wallet addresses designated for salary deposits. The investigation took a major turn when ZachXBT traced one frequently used ERC-20 wallet address (0x78e1) back to the recent $680,000 Favrr exploit that occurred in June 2025 . This incident involved the project’s chief technology officer and additional developers who were later identified as DPRK IT workers operating with fraudulent credentials. 8/ The 0x78e1 address is closely tied onchain to the recent $680K Favrr exploit from June 2025 where their CTO and other devs turned out to be DPRK ITWs with fraudulent documents. Additional DPRK ITWs were identified at projects from the 0x78e1 address. https://t.co/BPZmFo8n5d pic.twitter.com/DcQnvNetxY — ZachXBT (@zachxbt) August 13, 2025 This revelation prompted several cryptocurrency projects to conduct internal investigations, discovering that some of their development teams and decision-makers were North Korean operatives using false identities. Evidence Confirms North Korean Workers’ Origin Despite Skepticism When community members questioned the operatives’ North Korean origins, ZachXBT pointed to compelling evidence within the leaked materials. Beyond the fraudulent documentation, browser history data showed extensive Google Translate usage with Korean language translations, all originating from Russian IP addresses. 10/ Still one of the more common questions is “how do you know they are North Korean?” Well besides all of the fraudulent documents detailed above their search history showed frequent Google Translate usage with translations to Korean with a Russian IP. pic.twitter.com/wtTgzaiNcy — ZachXBT (@zachxbt) August 13, 2025 The cryptocurrency community’s reaction has been mixed, with many pointing to hiring negligence among teams that become defensive when alerted to potential security threats. Some community members emphasized the depth of the fake identity and account creation ecosystem, suggesting that numerous crypto projects may be unaware of who actually has access to their GitHub repositories and sensitive code. “It’s an operational hazard for the industry,” explained Shaun Potts, founder of crypto-focused recruiting firm Plexus, who told Cryptonews in a related situation in July. “It’s an ongoing challenge, similar to how hacking persists in technology. While you cannot eliminate it entirely, you can minimize associated risks.” The crypto industry has shown varying success rates in identifying these threats. For example, cryptocurrency exchange Kraken successfully identified a potential North Korean threat actor masquerading as a job candidate in May. However, others have fallen victim to these sophisticated operations. In January, these technologically adept scammers allegedly stole $2.2 million worth of cryptocurrency from New York residents through text message campaigns claiming to offer remote job assistance. DPRK-linked perpetrators landed in remote IT jobs using fake and stolen identities and exploited their company’s trust to steal and launder over $900,000 in crypto. #DPRK #NorthKoreaCrypto #CryptoScam https://t.co/6UvXug5OZp — Cryptonews.com (@cryptonews) July 1, 2025 The scheme involved requesting job-seekers to deposit Tether (USDT) and USD Coin (USDC) stablecoins into designated cryptocurrency accounts. Similarly, in June, U.S. authorities seized more than $7.7 million in cryptocurrency allegedly earned through a covert network of North Korean IT workers who posed as foreign freelancers while channeling their income back to the North Korean government. The post ZachXBT Exposes 5 North Korean Workers Running 30+ Fake Identities to Target Crypto Projects appeared first on Cryptonews .
Cryptocurrency markets often operate with limited transparency. This makes it difficult to assess whether prices fully reflect genuine supply and demand. Grape (@RealGrapedrop), a validator on the XRP Ledger (XRPL), has recently presented data questioning the authenticity of the asset’s price movements. By running an active validator and analyzing transaction data directly from the ledger, Grape identified patterns of repeated large XRP transfers that suggest potential price manipulation. Tracking Large Transfers on the Ledger Since July 12, Grape has been operating one of approximately 150 to 170 active validators on the XRPL mainnet, out of about 1,000 nodes worldwide. Leveraging this position, Grape revealed that he created a Python-based system to flag all payments exceeding 10,000 XRP. The XRP ecosystem has seen notable whale activity in recent months. The results revealed multiple large transfers routinely occurring every few minutes, some ranging into the hundreds of thousands of XRP. According to Grape, these appear far too frequent and large to be typical retail trading. XRP Forensics: Price Manipulation in Plain Sight? If anyone has been following me you probably know I started running an XRPL Validator since July 12, 2025, and what I’m seeing is…shocking. This isn’t conspiracy talk — I have live transaction data that might prove how the… pic.twitter.com/la5QZglNVd — 𝐆𝐫𝐚𝐩𝐞 (@RealGrapedrop) August 12, 2025 Impact on Market Metrics and Evidence of Exchange Transfers Grape noted that this phenomenon matters because XRP price indexes and market caps rely on volume-weighted averages. Repeated large transactions moving XRP between exchange wallets without genuine trade (resembling wash trading) inflate volume metrics. While rapidly increasing trading volume is often a positive sign, wash trading can distort price indexes and market cap figures, creating a false sense of demand. According to the validator, such activity “can nudge price indexes” and mislead traders and algorithmic participants. Grape supported his findings with XRPL Console screenshots showing XRP payments to Bitget and Binance exchange wallets. These examples indicate flagged volume is mostly between exchange-controlled addresses rather than independent traders. The frequency and scale suggest a repeated, coordinated movement rather than genuine market activity . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Broader Market Effects and Ongoing Monitoring Wash trading is a widely used tactic for market manipulation , as it can create an illusion of demand, influencing sentiment and triggering bots reacting to volume spikes. This distorts price stability and misleads participants in largely unregulated crypto markets. Grape highlighted that while wash trading is banned in regulated markets, enforcement gaps in crypto allow such practices to persist, raising fairness concerns for XRP stakeholders. He plans to keep logging and analyzing large XRP transactions to expose potential manipulation. He stressed that “data doesn’t lie” and encouraged the community to monitor repeated transfers between exchange wallets that inflate volume. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRPL Validator Claims XRP Price Manipulation with Evidence appeared first on Times Tabloid .
Former Dallas Fed President and Goldman Sachs Vice Chairman Robert Kaplan said the Fed is likely to cut interest rates in September. Kaplan stated that weak employment data and slowing demand supported this decision. Kaplan argued that while the current unemployment rate appears strong on the surface, the labor market is actually weaker. “Employment growth has ground to a halt,” he said. “The headline unemployment rate appears low due to a lack of labor supply,” he said. He argued that weak demand, excess capacity in the goods market, and disinflationary pressures brought on by artificial intelligence (AI) developments also present strong arguments for a rate cut. Related News: BREAKING: Coinbase Announces Listing Amid Rally - Adds to Roadmap However, Kaplan stated that a potential rate cut in September might not be the start of a rate-cutting cycle, and that the Fed would proceed step by step, making new decisions at each meeting. “Markets are pricing in the possibility of two or three rate cuts, but it's not that clear,” he said. “A 25 basis point cut could occur in September, after which the Fed could reassess the situation.” Kaplan also noted that the impact of the tariff hikes has been lower than expected so far, noting that inflation in the US stems from the services sector, not goods prices. He added that the tariffs could have a one-time price impact over the next year and would not create lasting inflationary pressure. Kaplan stated that the FED has a total interest rate cut area of 75-100 basis points, adding that the current policy rate is in the range of 4.25-4.50%, and that this could be reduced to 3.25-3.50%. *This is not investment advice. Continue Reading: Goldman Sachs Vice President Reveals When He Thinks the Fed Will Cut Interest Rates