Author: dfmines

XRP is currently priced at $2.003 to $2.011 over the last hour, supported by a market capitalization of $117 billion and a 24-hour trading volume of $3.60 billion. Trading activity has remained concentrated within an intraday range of $1.93 to $2.03, as technical indicators across multiple timeframes show signs of possible reversal or continuation setups […]

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Even with the Ethereum price struggling amid the market downturn, there are still some who remain bullish on the second-largest cryptocurrency by market cap. One of those is pseudonymous crypto analyst NotWojak, who took to the TradingView website to share a rather bullish prediction for the Ethereum price that goes contrary to the current market sentiment. Bearish Ethereum Price Downtrend Coming To An End The Ethereum price is still stuck in an apparent downtrend. However, according to the crypto analyst, this could be ending anytime soon with two supply zones coming up. So far, there have been multiple liquidity sweeps across major levels, sending the Ethereum price towards lower lows. Nevertheless, this could turn bullish soon as they could suggest a reversal is coming for the cryptocurrency. Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast Currently, the two supply zones called out by the analyst are the $1,425 and $1,600 level. As they explain, the $1,425 level has already been mitigated during the latest retracement. So, this leaves only the $1,600 level unmitigated. As such, this could easily turn this level into resistance in the event of an uptrend. Despite sellers still dominating currently with high volumes pouring into the market, the crypto analyst puts the bottom before $1,350. In this case, this level could be potential support and the breakout could begin from here. The target for this major breakout has been placed 20% above the current level, with the analyst setting a high $1,835 target. This could lead to further upside, especially if resistances are easily cleared from here. ETH On-Chain Ethereum’s profitability has plummeted with the price decline as only 32% of all investors are seeing any profit on their positions. On the other side, 65% of all holders are in losses and only 2% are sitting at breakeven price, according to data from the on-chain data aggregation website, IntoTheBlock. Related Reading: XRP Price Forms Rounded Bottom Within Descending Channel, Target Set Above $3 Ethereum whales have also been very active during this time and this could mean that large investors have been behind the selling that has crashed the ETH price. Large transactions rose from $4.8 billion to $6.48 billion by April 9 as the Ethernet price dropped back below $1,500. Average transaction size also grew during the this time from $4,048 to $5,415. This suggests that investors are moving more coins at the time, which could explain the increased selling that has plagued the cryptocurrency. If this continues, then the ETH price could see further crashes from here. At the time of writing, the Ethereum price was trending at $1,544, down 4.56% in the last day. Featured image from Dall.E, chart from TradingView.com

A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.It would permit state agencies to accept payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the bill’s text.Source: Nysenate.govAccording to the bill, state offices could authorize crypto payments for “fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts,” as well as penalties, special assessments and interest.Related: Trump’s tariff escalation exposes ‘deeper fractures’ in global financial systemCryptocurrency legislation is becoming a focal point in New York, with Bill A7788 marking the state’s second crypto-focused legislation in a little over a month.In March, New York introduced Bill A06515, aiming to establish criminal penalties to prevent cryptocurrency fraud and protect investors from rug pulls.Crypto-focused legislation has gathered momentum since President Donald Trump took office on Jan. 20, with Trump signaling during his campaign that his administration intends to make crypto policy a national priority, as well as making the US a global hub for blockchain innovation.Related: Illinois Senate passes crypto bill to fight fraud and rug pullsNew York may mandate state “service fee” on crypto paymentsIf passed, the bill would mark a significant shift in how New York handles digital assets. It would allow state entities to integrate cryptocurrency into the payment infrastructure used for collecting public funds.The proposal also includes a clause allowing the state to impose a service fee on those choosing to pay with crypto. According to the text, the state may require “a service fee not exceeding costs incurred by the state in connection with the cryptocurrency payment transaction.” This could include transaction costs or fees owed to crypto issuers.Assembly Bill A7788 has been referred to the Assembly Committee for review and may advance to the state Senate as the next step.New York’s legislation comes shortly after the state of Illinois passed a crypto bill to fight fraud and rug pulls, after the recent wave of insider schemes related to memecoins, Cointelegraph reported on April 11.Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

Schiff stated that he was sending a letter to the White House to determine whether there was ongoing insider trading by individuals aware of the tariff pause measure enacted by the Trump Administration. He urged whistleblowers to come forward with any information on this matter. Senator Adam Schiff Opens Investigation Into Insider Trading Allegations Adam […]

BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management, reported $84 billion in total net inflows in the first quarter of 2025, marking a 3% annualized growth in assets under management.The firm’s strong performance was led by a record first quarter for iShares exchange-traded funds (ETFs) alongside continued strength in private markets and net inflows, according to BlackRock’s Q1 earnings released on April 11.Of the $107 billion in net inflows to iShares ETFs, $3 billion, or 2.8% of the total ETF inflows, was directed to digital asset products in Q1, BlackRock said.BlackRock’s net flow data in Q1 2025 (in billions of US dollars). Source: BlackRockAlternative investments also played a significant role in Q1, with private market inflows totaling $9.3 billion.Digital assets remain small segmentAs of March 31, 2025, digital assets accounted for $34 million in base fees or less than 1% of BlackRock’s long-term revenue.By the end of the first quarter, BlackRock’s total digital assets under management amounted to $50.3 billion, which represents about 0.5% of the firm’s $11.6 trillion in total assets under management.BlackRock’s business results in Q1 2025 (in millions of US dollars). Source: BlackRockBlackRock’s financial results suggest that digital assets still make up a modest share of the company’s business.Despite the modest share, BlackRock’s $3 billion in digital asset inflows is notable given widespread liquidations in the Bitcoin ETF market earlier this year. The company’s figures suggest that investor interest in crypto-backed ETFs remains steady.This is a developing story, and further information will be added as it becomes available.Magazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio is currently on a record streak against the metric for Ethereum. Bitcoin Has Continued To Dominate Ethereum In MVRV Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed about the divergence forming between Bitcoin and Ethereum. First, below is a chart that shows how the two cryptocurrencies have compared in terms of the Realized Cap growth since the start of the bull cycle. The “Realized Cap” here refers to an indicator that measures the total amount of capital that the investors of a given asset as a whole have invested into it. Changes in this metric, therefore, reflect the amount of capital going in/out of the cryptocurrency. Related Reading: Bitcoin Breakout Above This Level Could Set Stage For $208,550 Top, Analyst Says From the graph, it’s visible that Bitcoin has observed a massive increase of $468 billion in the Realized Cap since the bear market bottom back in November 2022. In this same window, Ethereum has seen inflows amounting to only $61 billion. As the analytics firm explains, This disparity in capital inflows between the two assets partly underscores why these assets have experienced diverging performance since 2023. Ethereum has experienced a relatively smaller inflow of demand and fresh capital this cycle, which has resulted in weaker price appreciation and a lack of a fresh ATH, despite Bitcoin prices reaching over $100k in December. Divergence between the assets has also formed in another metric: the MVRV Ratio. This indicator keeps track of the ratio between the Market Cap of an asset and its Realized Cap. Since the Market Cap represents the value the holders are carrying in the present, its comparison against the Realized Cap in the MVRV Ratio tells us about the profit-loss status of the investors as a whole. As is visible in the above graph, Bitcoin’s MVRV Ratio diverged from Ethereum’s around the start of the bull market. This implies that BTC investors have consistently enjoyed a higher amount of unrealized profits in this cycle. In the recent market downturn so far, ETH has taken a larger hit than BTC, so its MVRV Ratio has also declined at a faster rate. BTC investors as a whole are still in the green, but ETH holders are now underwater as the indicator for it has dipped under the 1 mark. Related Reading: 62.8% Of XRP Realized Cap Held By New Investors: Sign Of Fragility? To better showcase the disparity in the MVRV Ratio of the two coins, Glassnode has charted the difference between the two. As displayed in the graph, the difference between the Bitcoin and Ethereum MVRV Ratio has remained positive for 812 consecutive days now, which is the longest streak in history. BTC Price At the time of writing, Bitcoin is floating around $79,300, down over 3% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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An elderly crypto whale known as “HEX 19” lost nearly $4.5 million in a slow-moving hack that drained his staked HEX over multiple years. At first, it looked like a HEX whale was cashing out. But it wasn’t long before the community realized he didn’t voluntarily unstake his tokens — he had become a victim of a major exploit.The cyberattack started in November 2021, touched multiple phishing wallets and was traced back to an online entity known as “Konpyl,” a threat actor familiar to crypto investigators.The breach not only shook the token’s price but also exposed a web of fraudulent operations tied to Inferno Drainer and the $1.6 million fake Rabby wallet scam of February 2024.HEX token price sinks following the HEX19 hack. Source: CoinGeckoHEX hackers and the web of connectionsA blockchain investigator who spoke to Cointelegraph on condition of anonymity said, “There’s direct counterparty exposure with wallets used in the fake Rabby app scam as well as the HEX19 Victim’s funds flowing directly into wallets used to launder illicit Inferno Drainer phishing scam proceeds.” The first major batch of outflows from the victim’s wallet occurred in November 2021 and has continued over the years as assets locked away in decade-long stakes continued to unlock, some prematurely closed by the hacker with penalties. HEX19 wallet loses almost $4 million on Nov. 21. Source: Arkham IntelligenceRelated: THORChain at crossroads: Decentralization clashes with illicit activityThe deeper investigators dug into the wallets tied to the HEX19 hack, the more it became clear that this wasn’t a one-off for the hacker. The same addresses appeared again and again across phishing campaigns, wallet drainers and laundering trails.Wallets used by the HEX19 hacker, the fake Rabby wallet scam, and several schemes related to Inferno Drainer, share a common address: Konpyl.In an October 2024 investigation, Cointelegraph Magazine analyzed on- and offchain evidence gathered by an investigator and a US government agency which links Konpyl to Konstantin Pylinskiy, an executive of a Dubai-based investment firm who uses the nickname in his online activities. Pylinskiy has denied any involvement with scams.The investigator said the attack on HEX19 was possible because the victim had stored his seed phrases in the cloud. Transaction records show that the hackers use victim funds for initial transfers to their illicit accounts, a common trait of Konpyl-linked schemes. “The HEX19 hacker follows similar patterns from other scams by ‘Konpyl,’” they said.In a November 2024 report, Cointelegraph learned that Konpyl-linked wallets had a high number of interactions with scams connected to Inferno Drainer, a scam-as-a-service threat actor. Fantasy, a forensics specialist and investigations lead at crypto insurance firm Fairside Network, told Cointelegraph that Konpyl may possibly function less as a direct attacker and more as a laundering proxy.Inside the HEX hackThe first batch of funds started moving out from the wallet on Nov. 21, 2021, but blockchain records show that the wallet may have been compromised as early as Nov. 3, as the victim wallet (0x97E…7a7df) had an outflow to one of the hacker’s wallets.On Nov. 21, the HEX19 was drained nearly $4 million across nine separate transactions. The majority of the losses were in HEX tokens. The primary destination was address 0xcfe…8A11D, which we will call HEX Hacker 1 (HH1).That same day, HH1 began splitting the stolen funds. It sent $2.64 million (12.33 million HEX) to a second wallet 0xA30…2EA17, or HEX Hacker 2 (HH2).A follow-up transaction on Dec. 10, 2021, sent another 616,700 HEX (worth around $86,700 at the time) from HH1 to HH2.Then, on Feb. 18, 2022, HH1 transferred 5.2 million HEX (worth about $1 million at the time) and some Ether to yet another address: 0x719a…4Bd0c, where the funds remain parked to this day.The HH2 wallet appears central to laundering efforts.From December 2021 to March 2022, HH2 sent over $1 million to Tornado Cash, Ethereum’s best-known anonymizing protocol.HH2 also transferred $106,758 in DAI to an intermediary wallet, 0x837…2Ba9B, which was used to interact with DeFi platforms like 1inch to further obscure or swap funds.The intermediary interacts with 0x7BF…C4eAa, a wallet that received direct inflows from Konpyl (an online persona that has appeared in numerous phishing and draining operations).HH2’s laundering chain also intersects with a high-risk wallet — 0x909…e4371 — flagged for over 70 suspicious transactions.On May 16, 2024, a third wallet Hex Hacker (HH3) wallet 0xdCe…4f0d8 began withdrawing funds from the compromised HEX19 address.HH3 has received around $108,000 in HEX from the victim’s account. HH3 connects to 0x87B…53d92, an address previously Cointelegraph’s November investigation as part of an Inferno Drainer-linked scam. That same wallet shares a commingling address (0xF2F…6a608) with Konpyl, which connects a March 2024 Inferno-linked scam and the Rabby wallet phishing incident.Finally, a fourth wallet 0x7cc…59ee2 — HEX Hacker 4 (HH4) — enters the picture. Beginning on Jan. 12, 2024, HH4 began siphoning funds from the HEX19 wallet through March.Related: From Sony to Bybit: How Lazarus Group became crypto’s supervillainThis wallet interacts with  0x4E9…c71C2, which is a known address used by the fake Rabby wallet scammer.Lessons from the HEX19 HackHEX19, the retired tech veteran, has been through booms and busts before — just not ones that emptied millions of dollars from his digital wallet in a single day.He filed police reports, and exchanges couldn’t do much to help, he said. The remaining staked funds, including 10-year HEX locks, became ticking time bombs. He knew the hackers had access and were just waiting to extract more.Cointelegraph has found at least 180 suspicious transactions from November 2021 to October 2024, totaling over $4.5 million. The victim’s wallet still has nine active stakes remaining, though their values aren’t as significant as those prematurely closed and withdrawn by the thieves.The active stakes are not as valuable as those closed by hackers. Source: HEXscout“You have this feeling in the pit of your stomach and you say, ‘Oh my God.’ And then you say, ‘Oh, geez, I gotta tell my family that I’ve screwed up again,’” HEX19, purportedly a retiree in his 80s, said in an interview with HEX community member Mati Allin soon after the exploit. Cointelegraph attempted to get in touch with HEX19 but did not receive a response.Despite the loss, HEX19 maintains a surprising sense of calm: “We’re retired. We live without debt. We live very simply. We have a great family, awesome daughters, granddaughters,” he said in the 2021 community interview. “There’s more to life than money.”While he doesn’t expect to recover the funds, he does hope his experience helps others think twice before storing their seed phrases online.Magazine: Financial nihilism in crypto is over — It’s time to dream big again