Top angel investor Pomp reveals new ATH of chances that US Bitcoin Reserve will be built after all
The Solana blockchain is facing significant scrutiny with its newly proposed inflation reduction plan, aimed at lowering the annual inflation rate from 5.7% to 1.5%. This initiative has elicited a
A Lancashire man, James Parker, has been arrested in connection to a Bitcoin fraud ring that stole £28 million from an Australian cryptocurrency website. According to authorities, the scheme started in 2017 after Parker discovered a loophole that allowed him to steal money from the cryptocurrency trading website. He allegedly used the stolen funds to support his lavish lifestyle. Parker, alongside other co-conspirators, used the loophole to siphon money from the website, stealing funds worth £20 million in credits over the next three months. Authorities claimed that the funds from the illicit act were laundered by Parker’s corrupt financial advisor Stephen Boys, who worked with the Winster Court in Clayton-le-Moors. Parker, who discovered the glitch, went on to include others who were integral to the affairs of the gang. Lancashire police investigation uncovers Bitcoin fraud ring According to authorities , the Bitcoin fraud ring spent the money from its affairs lavishly. For instance, people in the streets were gifted £5,000 gift cards, and Parker, who is originally from Blackpool, gave new cars to people he met at the pub. During the investigations, the police recovered 445 BTC, worth £22 million at the time. Other than the BTC, the police also seized luxury watches, houses, exotic cars, and several designer goods, including a wine cooler worth £600 from the group. They also recovered more than £1 million in several bank accounts. Lancashire police said it worked with several international law enforcement, including authorities in Australia, Finland, and the Crown Prosecution Service (CPS) to apprehend the criminals. According to the police, Parker died in 2021 before prosecution, while his co-conspirators were sentenced in January 2023. During the trial, Parker’s financial advisor, Boys revealed that he took £1 million in a suitcase to purchase a villa from some Russians he met in the back office of an estate agent. Boys also said he had paid some corrupt officials funds totaling £60,000 to carry on his laundering activities. Boys was sent to prison for six years for money laundering. Bitcoin fraud ring members sentenced to jail Other members of the group were also sentenced for their role in the criminal operation. Jordan Robinson of Fleetwood was sentenced to eight and a half years in prison. He was guilty of three counts of conspiracy to commit fraud, acquisition of criminal property, and converting criminal property. Another member of the group, Kelly Caton of Blackpool, was also jailed for eight and half years on several counts. She was guilty of conspiracy to commit fraud, acquisition of criminal property, and converting criminal property. Meanwhile, James Austin-Beddoes of Lytham received a suspended sentence on the same charges. In the Proceeds of Crime Act hearing at Preston Crown Court on Friday, the police economic crime unit revealed that it seized assets worth £4 million from Robinson, £8 million from Caton, £1,100 from Austin-Beddoes, and £8 million from Parker. The victim lost about £24.5 million to the gang, and the police noted that they have been compensated in full. Due to the surge in the price of the stolen Bitcoins , the seized amount was more than the stolen amount by about £3 million. The proceeds will be split between the courts, Lancashire police, and the Home Office. DS Dave Wainwright of the economic crime unit highlighted the challenges of the investigation. “This has been an extremely challenging investigation which has tested our use of the Proceeds of Crime Act,” he said. He also expressed his happiness at compensating the victim in full, noting that the criminals were unable to benefit from their theft. “I would like to thank colleagues from across the police and CPS who contributed to this outstanding result,” he added. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin has gained 9.22% this week but dropped No data found for bitcoin on 10 minutes ago% in the past 24 hours after setting up a daily high of $105,784 on Friday. Why is BTC suddenly crashing today? This bearish development comes when the crypto market is confused about the recently launched TRUMP meme coin . Why is Bitcoin Price Crashing Today? Bitcoin price today trades at No data found for bitcoin on 10 minutes ago after dropping No data found for bitcoin on 10 minutes ago%. This short-term pullback comes after BTC registered a 19% gain since the January 13 low. Due to this sudden surge, investors who bought the dip are likely offloading or booking profits, which explains the small retracement. As a result of the recent uptrend drop, Ethereum (ETH) and Ripple (XRP) also registered No data found for ethereum on 10 minutes ago% and 17.83% gains, respectively. Solana (SOL), on the other hand, rose 10% today due to Trump’s meme coin. *bitcoin price updated as of No data found for bitcoin on 10 minutes ago Short-Term Holders Rush to Book Profits Santiment shows that the 7-day MVRV indicator hovers around the danger zone, which short-term investors often book profits. The 7-day Moving Average (MA) of this indicator drowns the noise and provides a good data point to identify where Bitcoin price could reverse. During consolidations, when the 7-day MA of this indicator reaches 3%, a reversal happens. Currently, BTC’s recent 18% rally has generated a similar top signal, hinting that BTC is primed for another correction. Bitcoin Price vs. 7-day MVRV chart During uptrends, these corrections are short-lived and are often reversed due to the buying pressure. Let’s take a look at the technical analysis and what it forecasts for BTC in the mid-to-long-term. BTC Price Analysis: What’s Next For Bitcoin? The four-hour chart shows Bitcoin has overcome the volume profile’s range high at $99.8K and set up a top at a key resistance level of $105.7K. Typically, when the price moves out of a range, it tends to trigger an impulsive move until it creates another consolidative range. Hence, Bitcoin price forecast notes that the recent breakout above $99.8K will lead to a leg up to a new all-time high. Due to the weekend, profit-taking might lead to a pullback into the buy zone, extending from $100.4K to $99.1K. If buyers defend this retracement, BTC’s value could inflate, targeting a new all-time high (ATH). BTC/USDT 4-hour chart Fibonacci Tool Forecasts Key Levels To Sell BTC In the past two months, Bitcoin created a high of $108,421 and a low of $89,100. Using the Fibonacci tool to these two swing points reveals a target of $120,362.3. However, investors should watch for a bounce around the $100K level for an impulsive move to the upside. The key levels to book profits or sell BTC are $100K, $115K & $120K. These areas are where investors should watch for strong reversals or exhaustion that leads to reversal. Conclusion In conclusion, Bitcoin’s sudden crash comes as no surprise, given the recent surge and short-term holders’ eagerness to book profits. While the 7-day MVRV indicator suggests a potential reversal, the Fibonacci tool forecast and technical analysis indicate a bullish outlook for Bitcoin in the mid-to-long term. As the market navigates the current volatility, investors should keep a close eye on key levels, including $100K, $115K, and $120K, to capitalize on potential reversals or impulsive moves to the upside. The post Bitcoin Price Down Today: Why Is BTC Crashing Suddenly? appeared first on CoinGape .
Frank Corva shares insights on Bitcoin investment strategies and risks. He emphasizes maintaining a cash reserve for financial flexibility. Continue Reading: Navigate Bitcoin Investments with Practical Advice from Expert Frank Corva The post Navigate Bitcoin Investments with Practical Advice from Expert Frank Corva appeared first on COINTURK NEWS .
According to cryptocurrency onchain data, there was an increase in whale activity for an altcoin after Binance listed it on futures. Onchain data has revealed that two different crypto whales began accumulating AVA (AVA) following Binance’s announcement. The first whale purchased 1.49 million AVA for $350,000, while the second whale purchased $318,000 worth of AVA after the announcement, for a total of $758,000 today. AVA, which has not yet been listed on any major cryptocurrency exchange other than KuCoin, stands out as a Solana-based memecoin. The altcoin, which was launched via the memecoin launch platform PumpFun, has a large market value of $223 million at the time of writing. Related News: Veteran Analyst Reveals the Scenario He Expects in Bitcoin This Weekend Additionally, AVA has been included in Binance’s pre-listing pool, Binance Alpha, and a spot market listing may also be possible in the future. However, memecoins, especially in the Solana ecosystem, are known for their high risk. Many altcoins released through PumpFun were actually revealed to be pump-dump schemes. *This is not investment advice. Continue Reading: Onchain Data Shows: Whales Focus on This Altcoin After Binance’s Announcement
Eric Trump revealed that his crypto portfolio includes Bitcoin, Ethereum, Solana, and SUI. Ben Armstrong predicts a market surge, citing Eric Trump’s SUI investment as a key catalyst. Trump’s family’s growing involvement in crypto aligns with the vision to make the U.S. a global leader in digital assets. A crypto analyst has predicted a wild market surge for SUI, following its inclusion in Eric Trump’s crypto portfolio. In a recent interview, Eric Trump, son of President-elect Donald Trump, shared details about his cryptocurrency portfolio. He revealed that he holds Bitcoin, Ethereum, Solana, and SUI — a move that has sparked excitement across the crypto community. Among these, SUI stood out, with analysts describing its potential as a key driver in the next market surge. SUI Price Analysis and Market Position Notably, SUI is the 13th biggest crypto asset in the market, with a market cap exceeding $14 billion. The token was one of the best-performing crypto assets of 2024, breaking multiple peaks alongside Bitcoin. Meanwhile, since the start of 2025, SUI bulls have yet to awaken. The token is down by 2% over the past day and 6% over the p… The post Eric Trump’s Crypto Portfolio Highlights SUI’s Market Potential appeared first on Coin Edition .
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BitMEX’s Arthur Hayes has once again caused a stir across the cryptocurrency landscape, primarily with his statements amid the new Donald Trump meme coin launch. Notably, the BitMEX co-founder spotlighted the TRUMP token launch, calling it the start of a “political memecoin market.” As a result, market participants are now thoroughly monitoring the newly launched token, as its remarkable growth promptly post-launch aided it in securing the 4th spot in terms of global meme coins’ market cap. BitMEX’s Arthur Hayes Sparks Buzz With “Political Memecoin Market” Comment In an X post dated January 18, Arthur Hayes reiterated the 47th U.S. president’s TRUMP token announcement, saying, “This is the launch of the political memecoin market.” Further, the American co-founder goes on to add, “any politician who isn’t afraid of knowing what the people think in real-time will launch their own memecoin.” These statements underscore the beginning of a new era and segment of cryptocurrencies, ‘political memecoin.’ However, Hayes says that “these tokenomics are fugazi,” hinting that these coins may be extremely unreliable. But, the chances of these coins hitting a $100 billion market cap prevail amid the current market trends, per the BitMEX co-founder. Overall, these statements amid the launch of a new meme token on Solana have gained significant traction across the crypto industry. TRUMP Token: Talk Of The Crypto Town In a riveting turn of events, President-elect Donald Trump recently announced the launch of TRUMP meme coin , a token on Solana. Promptly after its inception into the crypto realm, the token has claimed 4th rank, standing right after Pepe Coin in terms of market cap. Notably, CoinGape reported that the newly launched token even aided traders in making millions within a day of its launch. Also, accumulations for the same have been on a constant spike, indicating that further price gains for the token may be imminent. Moreover, in light of Donald Trump’s presidential inauguration, which is set to take place on January 20, market sentiments surrounding the new Solana meme crypto’s future action remain highly bullish. It’s also worth mentioning that Binance had to suspend SOL withdrawals amid the new token’s launch on the network, which further sparked market discussions over the coin’s rising popularity. At the time of reporting, the Official TRUMP crypto exchanged hands at $22.15, witnessing a staggering 241% uptick intraday. The cryptocurrency’s 24-hour low and high were $6.24 and $24.50, respectively. In conclusion, Arthur Hayes’ statements on a “political memecoin market’ may be true, as seen by the new Republican-backed coin’s recent rising dominance across the broader sector. The post Arthur Hayes Spotlights Political Memecoin Market Launch Amid TRUMP Token Saga appeared first on CoinGape .
The new Solana inflation proposal has attracted mixed reactions.