XRP’s NVT ratio spiked to a five-year high, signaling overvaluation and potential correction risks ahead. Despite a 22% rally recently, this surge is largely driven by hype rather than solid
CoinOtag 2025-04-25 14:35
BlackRock, the world's largest asset manager overseeing approximately $11 trillion in assets, has indicated that central banks are exploring diversification into Bitcoin. Jay Jacobs, BlackRock's US Head of Equity ETFs, stated that Bitcoin tends to thrive amid uncertainty and highlighted that the cryptocurrency has become decoupled from tech stocks over the long term. This shift reflects a growing interest from central banks in Bitcoin as a potential asset for diversification during periods of market uncertainty. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The Defiant 2025-04-25 14:35
In a fresh twist on a familiar scam, the Lazarus Group, a North Korea–linked hacking collective, has been preying on would-be crypto developers via freelancer platforms and GitHub job listings. The activity can be traced back to at least November 2023, when Palo Alto Networks Unit 42, a cybersecurity research company, first wrote about it, dubbing the activity CL-STA-240 Contagious Interview campaign. The latest report on the matter comes from Silent Push . According to the Virginia-based cyber-intelligence firm, Lazarus has set up three shell consulting companies – BlockNovas, Angeloper Agency, and SoftGlide – to lure candidates into downloading malware. Attackers pose as legitimate crypto consultancies, publishing job ads that promise high pay and remote flexibility. Applicants are invited to record a short introduction video. When candidates hit “record,” an innocuous “error” message pops up with a simple copy-and-paste fix, which quietly installs one of three malicious strains – BeaverTail, InvisibleFerret, or OtterCookie – on the victim’s device. Malpedia describes the first of the three as “a JavaScript malware primarily distributed through NPM packages (...) designed for information theft and to load further stages of malware, specifically a multi-stage Python-based backdoor known as InvisibleFerret.” The database doesn’t provide further clarification on the two other strains. The fake companies aim to boost their credibility by showcasing dozens of AI-generated “team member” profiles – some slightly tweaked from real photos – to populate fake LinkedIn and freelancer accounts. Two of the shell firms are legally registered in the US, and, as per SilentPush, they have been actively conducting the scam since 2024. The FBI has already seized the BlockNovas domain, although SoftGlide and Angeloper Agency remain live. Silent Push has identified two developers who fell prey to the scam. The first victim, nicknamed “topninja,” detailed in a post on Dev.to how they were led to compromise their MetaMask Wallet after accepting a new project on Freelancer.com. Topninja also shared the malicious code containing a request to lianxinxiao[.].com – a BeaverTail distributing domain. In March, at least three crypto founders foiled fake Zoom calls aimed at stealing private keys. Cybersecurity experts urge job seekers to verify company credentials, double-check URLs, and think twice before hitting “copy-paste” on unexpected prompts.
Coinpaper 2025-04-25 14:34
The post Senator McCormick Invests $1M in Bitcoin ETF Just Before Trump’s Strategic Reserve Plan appeared first on Coinpedia Fintech News The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto sentiments , but it was too little, too late. Now, with Trump back in power, the intersection of crypto and politics is more prominent than ever. Senator Dave McCormick Holds $1M in Bitcoin ETFs According to U.S. Senate Financial Disclosure data , Senator Dave McCormick of Pennsylvania—formerly the CEO of Bridgewater Associates—is the largest Bitcoin investor in Congress. In total, he has invested over $1 million in the Bitwise Spot Bitcoin ETF, with significant purchases in both February and March 2025. One notable investment of $65,000–$150,000 came just days before Trump announced plans to establish a Strategic Bitcoin Reserve . The Bitwise ETF, currently trading at $50.96 with a 24-hour volume of $57.92 million, ranks as the sixth-largest Bitcoin ETF by assets under management (AUM), valued at $3.65 billion. Coinbase CEO Supports McCormick’s Crypto Stance McCormick’s pro-crypto position was not only a campaign highlight but a strategic advantage. His optimistic views earned endorsements from industry leaders like Coinbase CEO Brian Armstrong Brian Armstrong Brian Armstrong is the CEO of Coinbase Global, the biggest bitcoin exchange in the US. He is a former software developer for Airbnb. In 2012, Brian teamed up with Fred Ehrsam and launched Coinbase in San Francisco. Even though co-founder Fred Ehrsam left the company in 2017, he remains a board member and owns 6% of the business.On April 14, 2021, Coinbase went public through a direct offering on the Nasdaq. Soon it momentarily hit $100 billion in market capitalization. About 19% of company shares are owned by Armstrong.Quick FactsFull nameBrian ArmstrongBirthJanuary 25, 1983 in San Jose, California, U.S.EducationBachelor of Arts/Economics, Master of Arts/Science, Rice UniversityNationalityAmericanMartial StatusMarriedNet Worth$11.9B (Refer for real-time)He supports the need for clear regulations and policies for cryptocurrency trading and decentralized transactions. Brian has collaborated with diplomats to formulate the policies. He continues to contribute to the crypto community and blockchain technology.Brian Armstrong: Timeline of events2010: Discovered Bitcoin – Read the Bitcoin whitepaper and became interested in decentralized finance.2012: Co-Founded Coinbase – Launched Coinbase with Fred Ehrsam to simplify Bitcoin buying and selling.2015: Expanded Coinbase Services – Introduced Coinbase Exchange and support for multiple cryptocurrencies.2017: Led Coinbase Through Crypto Boom – Scaled operations as Bitcoin surged to $20,000, making Coinbase a top exchange.2021: Coinbase IPO on NASDAQ – Took Coinbase public (COIN) at a $86B valuation, marking a major crypto milestone.2022: Advocated for Crypto Regulation – Engaged with lawmakers to promote clear crypto regulations in the U.S.2023: Launched Coinbase’s Layer-2 ‘Base’ – Introduced Base, a Layer-2 blockchain to improve Ethereum scalability.2024: Pushing for Global Crypto Adoption, Married to Angela Meng.YearAward/Notable WorkDetails2012Co-Founded CoinbaseBuilt one of the world’s largest cryptocurrency exchanges.2017Fortune 40 Under 40 – TechnologyRecognized for leadership in the crypto industry.2021Coinbase IPO on NASDAQTook Coinbase public with an $86B valuation, a first for a major crypto company.2021Time 100 Most Influential PeopleListed for his impact on mainstream crypto adoption.2023Launched Coinbase’s Layer-2 ‘Base’Introduced a Layer-2 blockchain to enhance Ethereum scalability.Useful Links to Connect With Brian ArmstrongPlatformLinkX (formerly Twitter)https://twitter.com/brian_armstrongLinkedInhttps://www.linkedin.com/in/brianarmstrongCoinbase Official Websitehttps://www.coinbase.comBrian Armstrong’s Personal Bloghttps://brianarmstrong.com Entrepreneur Investor Developer/Programmer Crypto and Blockchain Expert helping him secure a narrow election victory. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : “Bitcoin Jesus” Pays $600K to Donald Trump Ally to Fight Crypto Charges , At a Senate hearing in February 2025, McCormick declared that “2025 will be the year for digital assets,” underlining his belief that crypto and blockchain can drive innovation, strengthen national security, and support economic growth. Other Lawmakers Join the Crypto Bandwagon McCormick isn’t alone. Rep. Marjorie Taylor Greene also revealed investments in the iShares Bitcoin Trust ETF. Meanwhile, Senator Steve Daines previously held shares in multiple crypto-related ETFs but has since liquidated his positions. As political support for digital assets grows, it’s becoming clear that crypto is no longer a fringe issue—it’s now part of the U.S. legislative mainstream. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var templateId = '6'; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: '57069acd88', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs Why is Senator Dave McCormick investing so heavily in the Bitwise Bitcoin ETF? McCormick believes digital assets are the future of innovation and the U.S. economy. His investment reflects strong confidence in Bitcoin’s long-term value, especially amid growing political support. How much did Trump’s pro-crypto stance influence his re-election victory? Trump’s early and vocal support for the crypto industry earned him overwhelming backing from the digital asset community, giving him a crucial edge in a closely contested race. How will Trump’s administration shape U.S. crypto regulations in the coming months? Expect a more favorable environment for crypto innovation—reduced regulatory pressure, strategic reserves like Bitcoin holdings, and increased institutional adoption encouraged by pro-crypto policies. Why did Senator Steve Daines sell all his crypto ETF holdings—was it due to regulation or profit-taking? While not publicly confirmed, it’s likely a mix of profit-taking and precaution ahead of shifting regulatory scrutiny during the transition period before Trump’s win.
coinpedia 2025-04-25 14:34
Key takeaways: SUI is up 23% in the past 24 hours and 73% weekly, outperforming top-cap cryptocurrencies. The launch of the Grayscale SUI Trust and the xPortal/xMoney Mastercard partnership boosted investor confidence. SUI’s TVL is up 40%, and daily DEX volumes surge by 177%, signaling strong ecosystem trust and utility. Sui ( SUI ) price is up 23% in one day, to trade at $3.67 on April 25. This is part of a prevailing rebound that began on April 21 and has seen Sui rise more than 73% over the last seven days. Data from Cointelegraph Markets Pro and TradingView shows SUI rose from a low of $2.11 on April 21, climbing as much as 77% to an intraday high of $3.71 on April 25. SUI/USD daily chart. Source: Cointelegraph/ TradingView SUI’s performance over the last seven days made it the biggest gainer among the top 100 cryptocurrencies by market cap. Top gainers April 25. Source: CoinMarketCap SUI price buoyed by positive fundamentals SUI’s gains are primarily fueled by increasing investor confidence following the Grayscale SUI Trust launch and SUI's strategic partnership with xPortal and xMoney to issue a virtual Mastercard across Europe. “SUI’s officially out of stealth mode,” said pseudonymous analyst Kyledoops in an April 24 post on X. “Grayscale just launched a trust, social chatter is exploding, and it’s [SUI] now sitting above AVAX and LINK in market cap,” Kyledoops expressed, adding: “This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating.” On April 23, Grayscale officially launched the Grayscale SUI Trust, which enables investors to gain exposure to SUI. The trust is now open to all eligible accredited investors. Source: Grayscale Adding to the tailwinds is SUI's latest partnership with xPortal and xMone, which introduced a virtual Mastercard, enabling 2.5 million European users to spend the token at over 20,000 merchants via Apple Pay and Google Pay. Source: Sui Network Sui’s growing DeFi ecosystem Sui remains among the top 10 layer-1 blockchains, with over $1.65 billion in total value locked (TVL) on the network. The chart below shows that the SUI’s TVL has increased approximately 40% over the last seven days. Sui network: TVL and daily DEX volumes. Source: DefiLlama Compared to other top-layer networks, SUI is well ahead of its rivals in terms of TVL gains on the daily, weekly, and monthly time frames, as shown in the chart below. Comparison of TVL performance on top layer-1 blockchains. Source: DefiLlama SUI’s daily DEX volumes have risen by more than 177% over the last week, to $599 million. This is significantly higher than the 68% and 67% increases on BNB Chain and Solana, respectively. Related: Price predictions 4/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUI Although Ethereum remains the undisputed leader at $10.58 billion, this has declined by more than 14% over the last seven days. Are new all-time highs coming for SUI? From a technical perspective, SUI price gained momentum after breaking out of a falling wedge pattern, as shown on the daily chart below. After breaching a multimonth resistance trendline near $2.20, SUI reached the wedge's technical target at $3.30. Bulls are now focused on all-time highs of $5.35, reached on Jan. 6. SUI/USD daily chart. Source: Cointelegraph/ TradingView The relative strength index (RSI) has increased from 45 to 78 since April 20, reinforcing the strength of the bullish momentum. However, to sustain the ongoing recovery, SUI price has to first overcome the resistance between $4.50 and $5.10, before going into price discovery. Based on Elliott Wave analysis of the weekly chart, pseudonymous analyst Bitcoinsensus set a “massive” price target of $11.5 for SUI. Source: Bitcoinsensus This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
CoinTelegraph 2025-04-25 14:32
Cathie Wood-led asset manager ARK Invest has revised its Bitcoin price targets for 2030, boosting its “bull case” to $2.4 million from $1.5 million. The “bear” and “base” case scenarios were also raised to $500,000 and $1.2 million, respectively, according to a report by ARK’s David Puell on April 24. These adjustments follow an earlier revision in February when the predictions were set at $300,000 and $710,000. 2030 Bitcoin Bull Case The latest forecasts are based on assumptions regarding total addressable markets (TAMs) and Bitcoin adoption. According to the report , institutional investment plays the largest role in ARK’s bull case, with Bitcoin potentially capturing 6.5% of a projected $200 trillion global investment portfolio market by 2030. This estimate is nearly double gold’s current 3.6% portfolio share. In more conservative scenarios, ARK assumes 1% to 2.5% adoption, suggesting that the cryptocurrency’s long-term outlook remains strong even with modest institutional interest. The report highlights the “digital gold” narrative as a key driver of adoption, assuming BTC will compete with gold’s market value without factoring in further growth for the yellow metal. Bitcoin’s Multi-Faceted Growth Path In emerging markets, ARK said it sees a significant opportunity for Bitcoin to serve as a hedge against inflation and currency devaluation, thanks to its accessibility for populations with internet access. Nation-state adoption, currently led by countries like El Salvador and Bhutan , could accelerate, especially with policy endorsements such as US President Donald Trump’s March 2024 executive order supporting a US Bitcoin reserve . On the corporate side, ARK noted a rising number of publicly traded firms holding the cryptocurrency, inspired by American business intelligence firm Strategy’s well-known investment game plan. As of late 2024, 74 companies had accumulated roughly $55 billion in Bitcoin. Finally, ARK even went on to point to on-chain financial services, such as the Lightning Network and wrapped Bitcoin applications, as a fast-growing sector that could further boost BTC’s capital appeal. The post ARK Invest Explains How Bitcoin (BTC) Could Shoot Up to $1.5 Million by 2030 appeared first on CryptoPotato .
Crypto Potato 2025-04-25 14:32
The Fed's decision removes permission requirements for banks on crypto transactions. Ripple's RLUSD may gain traction, boosting investor interest in XRP. Continue Reading: Fed’s New Policy Sparks Excitement for XRP and Ripple’s RLUSD The post Fed’s New Policy Sparks Excitement for XRP and Ripple’s RLUSD appeared first on COINTURK NEWS .
CoinTurk News 2025-04-25 14:31
SUI is leading the crypto market with a 56% surge over the past seven days, reigniting bullish sentiment toward the token. Amid its price recovery, some analysts suggested that the cryptocurrency is about to start a massive rally toward new highs. Related Reading: ‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection SUI Reclaims $3 Amid Breakout On Thursday, SUI, one of the leading cryptos of this cycle, saw an 11% daily jump to break above a crucial barrier. The token has been in a multi-month downtrend since hitting its all-time high (ATH) of $5.35 four months ago. Throughout the 2025 corrections, the cryptocurrency has lost key support levels, retracing over 68% from its January high. However, it attempted to reclaim the $2.70-$2.80 resistance level last month after trying to break out from its multi-month falling wedge structure. In March, the token surged to this key region following the news of institutional adoption, including Canary Capital’s filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Ultimately, it failed to confirm the breakout and turn this level into support, dropping to pre-US election breakout levels in the following weeks. Nonetheless, SUI’s 56% weekly breakout has sent the cryptocurrency back above the $3.00 and $3.20 levels, lost in March. Moreover, SUI has broken out of its falling wedge pattern again, which could propel the token to new highs if the breakout is confirmed. Notably, the altcoin has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which drove the cryptocurrency to new ATHs in the coming months. Price Sitting At Key Level After Today’s surge to the $3.39 mark, the token has retraced toward the $3.25-$3.30 levels, with market watcher Hov noting that SUI sits at a key resistance zone between the $3.30-$3.70 price range. To the analyst, the cryptocurrency must “carry through this level and get a HTF close above 3.72ish” for bullish confirmation. After this, he suggested that SUI would likely “see a retest of resistance turned support.” This would put the $4.00 resistance and new ATH “on the menu” if it holds. On the contrary, failing to reclaim this key zone could halt the bullish momentum and send the cryptocurrency to retest the recently reclaimed $2.70-$2.80 as support, and risk a drop to the re-accumulation zone between the $2.00-$2.30 range. Related Reading: Cardano Breakout Eyes $0.80 Resistance – Is ADA Repeating Its ATH Playbook? Meanwhile, Rekt capital noted that the token also looks good “on the fundamental side of things, Grayscale opened a SUI trust today, showing institutional growth.” The analyst highlighted that SUI has rallied 50% since breaking its downtrend, which made the token flip Avalanche (AVAX) and Chainlink (LINK), making it the 11th cryptocurrency by market capitalization. As of this writing, SUI trades at $3.28, a 34% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
NewsBTC 2025-04-25 14:30
For most emerging crypto projects, recognition doesn’t come easy. In a space dominated by giants like Bitcoin and XRP , carving out relevance requires more than flashy marketing—it requires results. And now, MAGACOINFINANCE has crossed a line few early-stage tokens reach: it’s starting to earn comparisons to the industry’s most established names. This milestone isn’t about price. It’s about momentum—visible, verifiable growth in wallet count, community engagement, and strategic positioning. While legacy projects continue to lead, MAGACOINFINANCE is proving it belongs in the broader conversation about where crypto is headed in 2025. MAGACOINFINANCE Isn’t Just Gaining Exposure—It’s Gaining Trust Unlike many tokens that burn bright and fade fast, MAGACOINFINANCE is moving with patience and precision. The recent milestone reflects more than just capital raised—it signals that early believers are becoming long-term holders. It signals that the project isn’t just surviving in this market—it’s thriving within it. This moment isn’t happening by accident. A roadmap grounded in transparency, a growing network of informed participants, and developer activity continuing at a consistent pace all point to the same conclusion: MAGACOINFINANCE is here to build, not just ride the wave. And in an environment increasingly skeptical of quick wins, that long-term discipline is beginning to stand out. The Mainstays: Ethereum, Solana, Hedera Hashgraph, and Stellar Ethereum continues to anchor the decentralized economy. Whether it’s Decentralized finance , NFTs, or Layer-2 scaling, Ethereum’s influence remains the backbone of Web3 innovation. Solana is climbing again with one of the fastest ecosystems in crypto. From high-speed apps to NFT platforms and developer tools, its performance-first approach has attracted both builders and capital. Hedera Hashgraph thrives outside retail hype cycles. It’s quietly become the go-to for enterprise blockchain solutions, with real-world partners that include governments and corporations. Stellar is staying focused on cross-border payments and global remittance tools. It’s a veteran in crypto’s infrastructure layer—one that continues to provide real-world access, particularly in underserved economies. These are proven networks with established track records. But they’re no longer unexpected. MAGACOINFINANCE , by contrast, still holds the surprise factor—and it’s deploying it wisely. Final Perspective Bitcoin and XRP will always carry weight in the crypto conversation. They’re trusted, time-tested, and backed by years of development and adoption. But 2025 is also shaping up to be a year of transitions—and transitions create space for new names. MAGACOINFINANCE is one of those names. No longer a whisper in early investor chats, it’s now being spoken about next to the icons—and for good reason. To learn more about MAGACOINFINANCE , please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: MAGACOINFINANCE Achieves Milestone—Now Standing Alongside XRP and Bitcoin (BTC)
BitcoinSistemi 2025-04-25 14:30
The world of cryptocurrencies, while offering exciting opportunities, also unfortunately attracts malicious actors. A recent case in the legal system of South Korea serves as a stark reminder of the severe consequences faced by those who exploit public trust through deceptive schemes. This particular instance of Crypto Fraud South Korea involves a significant prison sentence handed down by an appeals court. Understanding the Scale of the Investment Scam At the heart of this case is a large-scale Investment Scam orchestrated by an individual identified as Hahm, in collaboration with a company executive. The scheme managed to illicitly raise a staggering 446.7 billion won, which translates to approximately $311 million USD at the time of the report. This was collected through a massive 140,000 individual transactions over a relatively short period, between February and July of 2023. The modus operandi involved nationwide investment seminars. These weren’t just casual meetups; they were carefully crafted events designed to build trust and persuade potential investors. The key promises made were highly enticing, yet ultimately fraudulent: Guaranteed Principal Protection: Investors were assured that their initial investment was safe and would be returned. High Daily Returns: Promises of daily returns ranging from 1% to 1.38% were made, figures far exceeding realistic, legitimate investment yields. To facilitate the scheme, investors were directed to use a custom payment application. This added a layer of technical legitimacy while centralizing the flow of funds into the scam’s control. The investments were tied to a specific cryptocurrency promoted by the perpetrators, adding a layer of complexity and perceived innovation to the traditional Ponzi-like structure. How Does This Relate to Illegal Deposit Taking? Under South Korean Crypto Regulation and broader financial statutes, raising funds from the general public requires specific authorization and registration. This is a crucial legal safeguard designed to protect citizens from unregulated and potentially fraudulent financial activities. The actions of Hahm and his accomplice directly violated these regulations, falling under the category of Illegal Deposit Taking . Illegal deposit taking typically involves soliciting funds from an unspecified number of people under the promise of future repayment with interest or other forms of return, without holding the necessary licenses from financial authorities. In this case, the promises of guaranteed principal and high daily returns fit this definition perfectly, regardless of whether the funds were collected in traditional currency or digital assets. The Evolving Interpretation of Cryptocurrency Law One of the most significant aspects of this case is the appellate court’s ruling regarding the nature of the assets involved. Initially, a lower court had acquitted Hahm of charges specifically related to receiving Bitcoin and Ethereum. This earlier decision seemingly drew a distinction between traditional money and virtual assets under existing laws, which were arguably not fully updated to address the nuances of cryptocurrencies. However, the appeals court overturned this part of the decision. It delivered a crucial clarification on Cryptocurrency Law , stating that transactions involving virtual assets can indeed constitute illegal deposit-taking activities, just as transactions involving traditional currency can. This ruling sets an important precedent, indicating that South Korean courts are increasingly applying existing financial regulations to the crypto space, closing potential loopholes that fraudsters might try to exploit by operating with digital assets. The appellate court’s perspective highlights the principle that the underlying nature of the activity (unlicensed fund-raising with promises of returns) is what matters, not just the specific form of currency or asset used in the transaction. What Are the Challenges and Actionable Insights for Investors? This case underscores several challenges within the crypto landscape: Identifying Legitimate Opportunities: The promise of high, guaranteed returns is a classic red flag for an Investment Scam . Legitimate investments, especially in volatile markets like crypto, inherently involve risk and rarely offer guaranteed daily returns. Complex Legal Landscape: As seen with the differing court rulings, the application of existing laws to new technologies like crypto can be complex and subject to interpretation, although courts are becoming clearer. Sophistication of Scams: Using custom apps and investment seminars adds a layer of apparent legitimacy that can deceive unsuspecting individuals. For potential investors, the actionable insights are clear: Due Diligence is Paramount: Verify Legitimacy: Check if the company or individual is registered with relevant financial authorities in South Korea or your local jurisdiction. Be Skeptical of High Returns: If an investment promises returns that seem too good to be true, they almost certainly are. Understand the Investment: Don’t invest in something you don’t fully understand. Research the underlying technology, the project team, and the market. Seek Independent Advice: Consult with a trusted financial advisor who is knowledgeable about cryptocurrencies before making significant investments. The Impact of South Korean Crypto Regulation The increased sentence from five to seven years reflects the severity with which the appellate court viewed this crime and its impact on 140,000 victims. It also signals a strengthening stance under South Korean Crypto Regulation against fraudulent activities. Regulatory bodies globally are grappling with how to effectively oversee the rapidly evolving crypto market while fostering innovation. Cases like this demonstrate the need for clear legal frameworks that protect investors while ensuring accountability for those who abuse the system. The ruling on Illegal Deposit Taking involving virtual assets is a key development, providing greater clarity for future cases and reinforcing the idea that crypto operations are not above the law. This stricter enforcement contributes to building a more secure environment for legitimate crypto activities in South Korea. Conclusion: A Warning Against Crypto Fraud South Korea The sentencing of Hahm to seven years in prison for orchestrating a massive Crypto Fraud South Korea serves as a powerful warning to potential fraudsters and a cautionary tale for investors. The case highlights the significant financial and human cost of such schemes and demonstrates the increasing willingness of courts to apply stringent financial laws, including those pertaining to Illegal Deposit Taking , to the cryptocurrency space. As Cryptocurrency Law continues to evolve, robust enforcement and investor education remain critical tools in combating sophisticated Investment Scam operations and strengthening South Korean Crypto Regulation . To learn more about the latest crypto market trends and regulatory developments, explore our articles on key developments shaping cryptocurrency law and South Korean crypto regulation .
Bitcoin World 2025-04-25 14:30
The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March. Central Bank of Russia: Digital Ruble to Be Launched in 2026 The irruption of central bank digital currencies (CBDC) in the lives of Russian citizens
Bitcoin.com 2025-04-25 14:30
As the broader crypto market shows early signs of building toward its next breakout cycle, investors are beginning to reposition. This time, the focus isn’t just on established names—it’s shifting toward new tokens with real functionality and a low entry cost. One project in particular is standing out: Mutuum Finance (MUTM). Still available for just $0.025, it’s quickly being named among the best cryptocurrencies to invest in ahead of the anticipated bull run. Mutuum Finance (MUTM) Mutuum Finance stands apart from tokens driven by speculation or short-lived hype. It’s a decentralized finance protocol in development, built to handle both lending and borrowing through a non-custodial system. What makes it attractive—especially at this early stage—is how accessible it still is. With its token priced well below $0.10 and a growing number of features confirmed for launch, MUTM presents a rare opportunity for early positioning in a crypto project that is structured around real-world use. What sets Mutuum apart from others in the DeFi space is its built-in structure for value circulation. Rather than flooding the market with supply, the protocol collects a portion of its platform earnings and uses those funds to buy back MUTM from the open market. These repurchased tokens are then sent to mtToken stakers—users who lock their tokens to support network stability. This model reinforces passive income potential, encourages long-term holding, and helps maintain a steady demand stream over time. One of the standout aspects of Mutuum Finance is its focus on yield tied to actual protocol usage—not arbitrary inflation or emissions. Users who deposit assets into the platform receive mtTokens, which are ERC-20 compliant and represent both their share of the liquidity pool and their accumulated earnings. These tokens offer versatility—they can be held, exchanged, or utilized across various cryptocurrency platforms. In addition to its deposit-based system, Mutuum is also working on a native stablecoin that maintains a peg to the U.S. dollar through algorithmic mechanisms. This stable asset will be generated directly from collateral provided by users within the platform. This mechanism allows users to unlock liquidity without selling off core holdings. It’s a practical solution for crypto users who want flexibility without compromising their long-term strategy—a feature many projects still lack. Timing has always played a big role in crypto investment, and right now, Mutuum is still in its presale phase. Over $7 million has already been raised, and nearly 9,000 holders have joined. Yet the token remains priced at just $0.025. As each presale phase passes—of which there are eleven—the price will increase, with the next step bringing it to $0.03. That’s a built-in 20% surge locked in for early buyers. Looking ahead, analysts project that the listing price could eventually climb to $0.06 or beyond, and some models point to a mid-term climb toward the $2–3 range based on projected usage, upcoming exchange listings, and active utility. Even a conservative scenario presents serious upside for anyone entering below $0.10. To put it into perspective: a $1,200 investment today at the current price would secure 48,000 MUTM tokens. When the price reaches $3, that portfolio would be worth $144,000—before even accounting for passive rewards earned from staking or yield features. Mutuum isn’t just theorizing these features—they’re already taking shape. The team has confirmed that a beta version of the platform will launch around the same time the token lists, giving early participants a chance to interact with the protocol right away. On top of that, a dashboard leaderboard tracks the top 50 holders, with bonuses available for those who maintain their spot. A $100,000 giveaway has also been launched, designed to reward long-term supporters as the ecosystem expands. For those asking what crypto to invest in before the market fully reactivates, MUTM is becoming a standout answer. With smart revenue alignment, decentralized design, and a price still under $0.10, Mutuum Finance isn’t just riding momentum—it’s building something meant to last. As larger-cap projects stabilize and the hunt for the next big cryptocurrency intensifies, MUTM offers what many don’t: a clear use case, organic community growth, and a favorable price point. For investors thinking ahead to 2025 and beyond, this could be the strategic early entry that makes a difference. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
Cryptopolitan 2025-04-25 14:30
SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch
