Google and Apple pulled apps, including KuCoin and MEXC, after authorities flagged them for operating without proper registration.
The Financial Services Commission said that 14 crypto apps, including KuCoin and MEXC, have been removed from Apple's domestic App Store.
Decentralized exchange KiloEX has confirmed it has suspended usage of its platform and is tracing stolen funds after suffering a $7.5 million exploit. The exploit has been contained, with use of the platform suspended and an investigation underway, the KiloEX team said in an April 14 statement to X.“The team has immediately suspended platform usage and is working with security partners to trace the flow of funds,” KiloEX said. “We are analyzing the attack vector and affected assets. We are collaborating with ecosystem partners to trace and recover funds where possible.” Source: KiloEXA bounty program and a full report on how the exploit occurred is also in the works, according to KiloEX. In an update, the KiloEX team said it was collaborating with BNB Chain, Manta Network, and cybersecurity firms Seal-911, SlowMist and Sherlock in an effort spanning “multiple ecosystems.” “Our investigation has confirmed that the stolen assets are currently being routed through zkBridge and Meson,” KiloEX said. “We are urgently attempting to engage with both protocols to halt ongoing transactions and prevent additional losses.” KiloEX attacker exploited price oracle issue, say analysts Cybersecurity firm PeckShield said in an April 14 post to X the exploiter looted $7.5 million in total, $3.3 million Base, $3.1m opBNB and $1m BSC. The firm has speculated the exploit is likely a “price oracle issue,” where the information used by a smart contract to determine the price of an asset is manipulated or inaccurate, leading to the exploit. “Our initial analysis on one transaction exploit indicates a price oracle issue,” PeckShield said. Source: PeckShield“The hacker exploits it to create a new position with initial given ETH/USD price of 100 and then immediately close the position with inflated ETH/USD price of 10000, netting the $3.12m profit in one single transaction.” Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, also weighed in, speculating the exploit was likely due to a price oracle issue.“Anyone can change the Kilo’s price oracle. They did verify that the caller shall be a trusted forwarder, though, but didn’t verify the forwarded caller,” Shou said. Shou added it was a “very simple vulnerability” when a user asked about the complexity of the exploit. Source: Chaofan ShouThe news has sent the KiloEX’s native token, Kilo, plunging over 27% to trade at $0.03596, according to CoinGecko. It’s still down over 78% from its all-time high of $0.1648, which it hit on March 27.Related: Mantra CEO says OM token recovery ‘primary concern’ but in early stagesKiloEx was established in 2023 and is backed by Binance Labs, which is a lead investor and strategic partner. This exploit comes just days after the exchange announced a partnership with Dubai-based Web3 venture capitalist firm DWF Labs on April 13, which promised to expand KiloEx's market presence and accelerate growth. On March 25, DWF Labs launched a $250 million Liquid Fund to accelerate the growth of mid- and large-cap blockchain projects and drive real-world adoption of Web3 technologies.Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6–12
Dimon's share sale may signal caution amid market uncertainty, impacting investor confidence and hinting at potential leadership transition.
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Bitcoin price started a fresh increase above the $83,500 zone. BTC is now consolidating gains and might attempt to clear the $85,500 resistance. Bitcoin started a fresh increase above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,500 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase above the $82,500 zone. BTC formed a base and gained pace for a move above the $83,000 and $83,500 resistance levels. The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,000 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. However, the bulls were active near the $83,000 zone and the price recovered losses. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $85,500 level. The next key resistance could be $86,200. A close above the $86,200 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $88,000 level. Another Rejection In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could start another decline. Immediate support on the downside is near the $84,200 level and the trend line. The first major support is near the $83,200 level. The next support is now near the $82,200 zone and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $84,200, followed by $83,500. Major Resistance Levels – $85,500 and $85,850.
After weeks of downward price action, Bitcoin (BTC) is finally showing signs of a bullish reversal. The leading cryptocurrency’s weekly Relative Strength Index (RSI) has recently broken its trendline, fueling optimism for a potential major breakout. Bitcoin Weekly RSI Turns Bullish Bitcoin has struggled under the weight of escalating global tariff wars, with the flagship digital asset losing more than 10% over the past three months. However, it appears to have found some stability in the low $80,000 range after dipping as low as $74,508 on April 6. Related Reading: Bitcoin Boom Still In Play? Analyst Predicts Final Leg Up In an X post published earlier today, crypto analyst Titan of Crypto suggested that BTC may be on the cusp of a “major breakout.” The analyst highlighted BTC’s weekly RSI breaking above its long-standing trendline – a technical development that often precedes significant momentum shifts in price action. For the uninitiated, BTC’s weekly RSI is a momentum indicator that measures the speed and change of the digital asset’s price movements over a one-week timeframe. It helps identify whether BTC is overbought – typically above 70 – or oversold – typically below 30 – signaling potential trend reversals or continuations. In the chart shared by Titan of Crypto, BTC’s weekly RSI can be seen breaking a downtrend for the third time since September 2024. Interestingly, the previous two breakouts in weekly RSI were followed by major rallies that pushed Bitcoin’s price significantly higher in the weeks that followed. Using a price fractal pattern – highlighted in yellow – Titan of Crypto suggested that if BTC mirrors previous price behavior following RSI breakouts, it could climb to as high as $130,000. Such a move would mark a new all-time high (ATH) for the asset and signal renewed market enthusiasm. Similarly, fellow crypto analyst RookieXBT pointed out that BTC is currently trading inside a falling wedge pattern on the 12-hour chart. Falling wedge formations typically resolve to the upside, and RookieXBT suggests that a breakout could drive BTC’s price to around $140,575. BTC Could Be Showing A False Bullish Momentum However, not all analysts share the same bullish outlook. Seasoned crypto analyst Ali Martinez offered a contrasting view, warning that BTC may be forming a rising wedge pattern – a bearish technical signal that could lead to downside pressure. If this pattern plays out, Martinez believes BTC could fall back to the critical support level at $79,000. In addition to chart patterns, macroeconomic tensions continue to loom large. The ongoing tariff disputes are putting pressure on risk assets, including BTC. Related Reading: Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details Adding to the concerns, Bitcoin recently formed a “death cross” – a bearish technical signal where the 50-day moving average crosses below the 200-day moving average – which may result in further losses. At press time, BTC trades at $85,577, up 1.9% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com
Stablecoin issuer Tether has announced it intends to deploy its existing and future Bitcoin hashrate to OCEAN’s Bitcoin mining pool in an effort to strengthen the network’s decentralization.“Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” Tether’s CEO Paolo Ardoino said in an April 15 statement.Source: OCEAN MiningWhile Bitcoin hashrate is decentralized, the block-building process conducted by mining pools is mostly centralized by a few dominant actors — most notably Foundry USA, AntPool and ViaBTC.The OCEAN protocol attempts to decentralize this process by empowering miners to build their own block templates using their open-source DATUM protocol, reducing dependency on centralized intermediaries and enhancing censorship resistance, Tether said.Tether’s deployment would leverage OCEAN’s DATUM software across all of its mining operations worldwide, including in rural areas in Africa. “By enabling on-site generation of unique block templates and aggregating thousands of rig connections with low-latency performance, DATUM ensures global competitiveness while promoting geographic and operational diversity,” Tether said.Related: Inside the Trump-backed Bitcoin mining mega-deal with Hut 8Tether currently deploys Bitcoin hashrate at sites in Uruguay, Paraguay and El Salvador, where the $144 billion stablecoin issuer is also headquartered.Those initiatives emerged around the time Tether announced it would invest $500 million into Bitcoin mining in late 2023.OCEAN was created by Bitcoin core developer Luke Dashjr in 2023 and has been backed by the likes of Block CEO Jack Dorsey. OCEAN also relocated its headquarters to El Salvador in May 2024.Dashjr sparked controversy in December 2023 when he slammed Bitcoin Ordinals users for clogging the network with “spam.” However, he refuted claims that OCEAN censored the non-fungible token-like transactions.OCEAN still has a lot of market share to captureThe OCEAN protocol currently mines between 0.2% to 1% of Bitcoin blocks, according to mempool.space data.It has mined nine blocks over the last week, including two in a row at 892342 and 892343 on April 14.However, OCEAN’s output remains a fraction of that seen by Foundry USA, AntPool and ViaBTC, which have mined 331, 199 and 161 Bitcoin blocks, respectively, over the same timeframe — accounting for over 66% of all blocks.The Tether partnership would likely provide a much-needed boost to OCEAN’s hashrate, which has amounted to 18.3 exahashes per second (EH/s) over the last 24 hours.OCEAN protocol’s Bitcoin mining statistics. Source: mempool.spaceBy comparison, Foundry USA’s hashrate over the same timeframe has exceeded 298 EH/s, leveraging hashrate from the likes of Bitcoin mining firms Hut 8, Bitdeer and Bitfarms.Magazine: Financial nihilism in crypto is over — It’s time to dream big again
A UC San Diego study utilizing the Turing Test has shown ChatGPT-4.5 mimics human conversation better than any model to date.
Following Bitcoin’s correction dropping to as low as $74,000 earlier this month amid the recent global tariff war, the asset has now begun to see steady recovery with its price hovering above $85,000 after a 10% surge in the past week as President Trump’s 90-day tariff pause affecting all countries except China. The announcement helped ease market concerns, contributing to renewed momentum in both equity and digital asset markets. Related Reading: Bitcoin Holds Above 365-Day Moving Average, But Market Sentiment Remains Subdued Bitcoin Whales Show Restraint as Market Climbs As Bitcoin finds its footing in upward momentum, a new analysis from CryptoQuant analyst Darkfost suggests that large holders on Binance—one of the most active crypto exchanges—are responding to macroeconomic uncertainty with a cautious, but notably non-reactive, approach. The insights were detailed in a post titled “How Are Binance Whales Reacting to Market Uncertainty?” which examined key on-chain metrics. According to Darkfost, two primary indicators reveal the evolving behavior of Binance whales. The first, the Exchange Whale Ratio (EWR), compares the top 10 inflows to total inflows on Binance to gauge whale involvement. A rising 365-day moving average (DMA) for the EWR reflects a growing concentration of inflows from large holders over time, indicating their stronger influence during long-term trends. However, a recent decline in the 30DMA points to reduced short-term activity. This suggests that whales may be taking a step back from active trading, neither selling aggressively nor showing signs of panic. The second metric, Whale to Exchange Flow, analyzes the value of whale inflows to Binance over a 30-day period. Here too, the trend is down—falling over $3 billion, mirroring similar drawdowns observed during past corrections in 2024. Combined, these signals suggest that Binance whales are opting to hold their positions rather than sell into current market conditions, potentially signaling confidence in longer-term prospects despite ongoing uncertainty. Buying Strength Persists Despite Uncertain Outlook In a related CryptoQuant post, analyst Mignolet highlighted a continued pattern of buying strength on Binance. According to the analyst, the market buy ratio—an indicator tracking the volume of market buy orders—has not only remained intact but has recently surpassed previous highs. This trend highlights persistent demand despite recent market corrections and volatility. The recurring nature of this pattern suggests that there is underlying buyer strength even as external macroeconomic forces, such as trade policies and regulatory shifts, continue to influence sentiment. Related Reading: Bitcoin Price Rises Steadily—But Can the Rally Hold This Time?? Historically, a sustained increase in the buy ratio has preceded medium-term rallies, although confirmation of a new trend will require follow-through in both price action and volume metrics. Featured image created with DALL-E, Chart from TradingView
Researchers have discovered a malicious software package uploaded to npm that secretly alters locally installed versions of crypto wallets and allows attackers to intercept and reroute digital currency transactions, ReversingLabs revealed in a recent report. The campaign injected trojanized code into locally installed Atomic and Exodus wallet software and hijacked crypto transfers. The attack centered […]
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Marine biologists can now use Google's DolphinGemma to analyze clicks and whistles, potentially bridging the gap between species
US President Donald Trump hosted El Salvador’s President Nayib Bukele at the White House on April 14, with talks centered on trade and immigration, excluding Bitcoin from the public agenda.Pressing issues of migration and bilateral security cooperation set the tone of Bukele's first official meeting at the White House during Trump's second term. According to a livestream shared by Bukele’s office on X, Trump raised the possibility of transferring US citizens convicted of crimes to prisons in El Salvador, urging Bukele to expand the country’s prison system to house more prisoners. “I said homegrowns are next, the homegrowns. You gotta build about five more places.” Source: Nayib BukeleSince taking office, the Trump administration has deported hundreds of alleged foreign criminal individuals to El Salvador under a $6 million deal between the countries.Trump also addressed the ongoing trade war unleashed by his administration on April 2, suggesting a potential temporary exemption for automakers aimed at easing the transition of their supply chains.“I’m looking at something to help some of the car companies with it,” Trump told reporters present at the meeting, adding that the US auto industry “need[s] a little bit of time” to relocate production to the country. The meeting did not touch on digital assets and Bitcoin (BTC) policy — a flagship initiative of both presidents’ administrations. El Salvador adopted Bitcoin as legal tender in 2021, pioneering the Bitcoin strategic reserve approach later followed by Trump. The US president positioned himself as a pro-crypto candidate during the 2024 election. On March 6, Trump signed an executive order to create a Bitcoin strategic reserve and digital asset stockpile in the United States. The US holds nearly 198,000 BTC, valued at over $17 billion as of March. The reserve is primarily formed of Bitcoin seized in criminal and civil cases, including significant amounts from the Silk Road and Bitfinex hack cases.Related: How much Bitcoin does the US hold, and where did it come from?El Salvador's BTC plans face IMF oppositionEl Salvador signed off in December a $1.4 billion loan agreement with the International Monetary Fund (IMF), which included commitments to unwind Bitcoin-related initiatives and reduce public sector involvement with digital assets.While the Salvadoran Congress amended its Bitcoin laws in January to comply with the deal, the government has continued its daily purchases of BTC. The country’s National Bitcoin Office’s tracker shows it currently holds 6,147.18 BTC, worth about $520.7 million at this writing. Related: Tether will relocate HQ to El Salvador after securing license
A recent Galaxy report highlighted that despite Tether leading the crypto lending market with two other companies, decentralized applications posted nearly double the amount in outstanding loans at the end of 2024. According to the report, the crypto lending market stood at roughly $30 billion on Dec. 31, excluding collateralized debt position (CDP) stablecoins. This […]
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A crypto analyst has presented a compelling case, suggesting that the XRP price may be closely mirroring Bitcoin’s historical macro action. By comparing its multi-year chart patterns and market behaviour, the analyst argues that XRP may be gearing up for a significant price rally to $71 and beyond. XRP Price Traces Bitcoin Path To Reach $71 TradingView crypto analyst RizeSenpai has forecasted that XRP could surge explosively to $71. At its current market price, this would represent a staggering 3,281% increase. Related Reading: XRP Price Nears ABC Correction With Clear Targets For Buying The TradingView expert conducted a detailed comparative analysis, drawing striking similarities between Bitcoin’s breakout from its multi-year accumulation range in 2015-2017 and XRP’s current price structure. He points out that XRP’s movements since it was listed on Poloniex in 2014 have closely mirrored Bitcoin’s macro price action but at a slower rate, estimated at 65%. For emphasis, the price chart shows that Bitcoin experienced a sharp surge of 5,424% after consolidating between 2013 and 2016 and finally breaking out in 2017. Similarly, XRP had a big rise in 2017 but has since been stuck trading within a large multi-year range for nearly six years as of the end of 2022. Recently, XRP broke out of its long-term price range and has been consolidating above its old all-time high resistance for several months. Considering its current price action, the analyst assumes that the asset may be attempting to move toward new breakout levels. The TradingView analyst has highlighted the potential for XRP to surge toward a more realistic target of $27 – $30, near the 1.618 Fibonacci Extension level. For reference, he shared a chart comparing Bitcoin’s past bull market breakout and performance with XRP’s current breakout and future price action. The chart reveals that when BTC broke out, it surged toward the 1.618 Fibonacci level at $61,800 before initiating a secondary run that topped at the 1.902 HOP level. As a result, RizeSenpai predicts that if XRP can completely mirror Bitcoin’s performance, it could skyrocket to $27, potentially reaching as high as $71, where the 1.902 HOP level lies. The Token To Surge Above $71 To $120 As mentioned earlier, XRP is still trading within a multi-year range breakout similar to Bitcoin’s in its past cycle. As of writing, XRP’s price sits at $2.13, having declined by more than 11% over the last month. Related Reading: This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets Notably, if the altcoin replicates the breakout momentum previously seen in Bitcoin, RizeSenpai predicts an explosive 5,400% increase, pushing its price to a very ambitious target of $120.94. This suggests that the TradingView analyst believes that XRP could exceed its previously projected target of $71 and climb past $120. Adding to the weight of this bullish forecast is the presence of a monthly Moving Average Convergence Divergence (MACD) Hidden Bullish Divergence. This technical indicator is often associated with an uptrend continuation and potential upside momentum. Featured image from Adobe Stock, chart from Tradingview.com
Escalating trade wars are rattling cryptocurrency markets — but they are also creating new use cases for blockchain networks, Truebit executives told Cointelegraph. On April 2, President Donald Trump announced plans to charge sweeping tariffs on US imports, prompting other nations to threaten retaliatory measures. Trump later paused the tariff rollout for certain countries — but the possibility of a global trade war still looms, especially after Trump reiterated his commitment to taxing Chinese goods. If high tariffs materialize, blockchain technology can play an important role in ensuring governments apply them fairly, according to the executives. Blockchain can “really help you prove provenance [...] proving the chain of custody,” Federico Kattan, Truebit’s chief technology officer, told Cointelegraph. Trump’s proposed tariffs would transform global trade. Source: StatistaFor example, a company might “assemble or do some packaging in a low-tariff country and then import into the US at 10% instead of 58%... [but] blockchain can help establish where the product actually came from,” Kattan said.Blockchain networks can enhance supply chain transparency by recording every transaction on an immutable public ledger, greatly limiting the scope for fraud across trillions of dollars worth of imported goods. Trump’s proposed tariffs would impact $2.4 trillion worth of imports, according to a report by the Tax Foundation. Retaliatory measures by other countries could add to that figure. Truebit is a blockchain network specializing in helping users add trustless verification to a wide variety of applications. It is already in talks with software vendors servicing the US government and has been working on a European Union-funded project exploring Web3’s potential role in global supply chains, the executives said. "We’re not yet talking directly to governments, but to the software vendors trying to interface with them — because that’s where we want to be,” Jason Teutsch, Truebit’s CEO, said.Truebit’s native token has struggled since launching in 2021. Source: CoinGeckoRelated: Trade tensions to speed institutional crypto adoption — ExecsTruebit was launched in 2017 and launched its TRU token in 2021. The token has a fully diluted market capitalization of $20 million, according to CoinGecko.Trade war risksHowever, several other crypto executives cautioned that tariffs pose serious risks to blockchain networks’ integrity and accessibility to users. Worsening trade wars threaten to disrupt networks’ physical infrastructure, fragment regulatory regimes, and censor users, they said. “Aggressive tariffs and retaliatory trade policies could create obstacles for node operators, validators, and other core participants in blockchain networks,” Nicholas Roberts-Huntley, CEO of Concrete & Glow Finance, told Cointelegraph.Magazine: Financial nihilism in crypto is over — It’s time to dream big again
XRP finds itself at a pivotal juncture following a move that touched the 0.382 Fibonacci retracement near the $2.24, as highlighted by crypto analyst Casie (@CasiTrades). Referring to this zone as “XRP Reaching C Top,” she pointed out that this level aligns precisely with the upper boundary of the latest three-wave ABC pattern. From her perspective, that tap near $2.24 has now triggered bearish signals on the RSI, suggesting a potential short-term reversal, indicating that a deeper correction may be around the corner. Where Is XRP Heading Next? “Either one of these major supports could be XRP’s next pivot,” Casie stated when describing two possible retracement zones at $1.90 and $1.55. She labeled $1.90 as the 0.5 Fibonacci retracement and “a critical backtest area,” while identifying $1.55 as “the golden .618 Fib retrace” and a prime candidate for what Elliott Wave theorists might see as a Wave 2 corrective low. Related Reading: XRP Outflows Cross $300 Million In April, Why The Price Could Crash Further On her chart, these price levels are marked as major supports that could each prompt an eventual pivot toward higher highs. According to Casie, the overarching bullish structure remains intact, with the short-term dip now needed for confirmation before any renewed push upward. In her follow-up commentary, Casie reiterated her bullish stance by saying, “Breakout to new highs in April! Remember, ANY wave 3 extension target is valid—6.50 USD, 9.50 USD, 13 USD, 26 USD.” This statement aligns with her broader Elliott Wave Theory approach, in which she sees the current corrective leg as a precursor to a potentially powerful third wave extension. Her chart, originally shared in mid-March under the heading “XRP Holding Strong, But Still in Waiting Mode!,” showed that the project was already holding above $2.26, a level she called “the key .382 retracement support,” while pinpointing higher upside targets at $2.70 and $3.05 once the market confirms another upward wave. Casie further mentioned that “XRP needs to break above $3.40 to confirm our new trend,” explaining that until that happens, the next big move remains in question. Traders who follow her work will note that the RSI divergence visible on multiple timeframes has added to short-term bearish concerns, but the medium- to long-term picture, in Casie’s view, still indicates scope for a new rally once price revisits and confirms support. Related Reading: XRP Targets $19 Or $45 In Possible Blow-Off Top, Analyst Predicts As of now, all eyes remain on whether XRP’s pullback finds support at one of Casie’s highlighted Fibonacci levels. The price briefly breached $2.20 but has since shown signs of faltering momentum, leaving traders to watch if $1.90 —or ultimately $1.55 —will emerge as a pivotal bounce zone. If XRP does stabilize at or above those areas, sentiment could shift once more toward fresh highs, especially if the broader market cooperates. Casie’s scenario of a wave 3 extension toward targets above $6 remains on the table, but the immediate question is how the asset handles this retracement phase. The structure still appears bullish overall, yet the coming sessions will be critical in determining whether XRP’s current pullback lays the foundation for a sustained next leg higher. At press time, XRP traded at $2.16. Featured image created with DALL.E, chart from TradingView.com
The US Securities and Exchange Commission (SEC) has delayed decisions on two proposed amendments related to crypto exchange-traded funds (ETFs), extending review periods for both staking and in-kind redemption models into June 2025. The new timelines apply to Grayscale’s Ethereum (ETH) staking filing and VanEck filings for in-kind redemptions on Bitcoin (BTC) and Ether ETFs. […]
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South Korea is expanding a ban on digital asset firms’ applications servicing its citizens. On April 11, the country’s Financial Services Commission (FSC) announced that 14 crypto exchanges were blocked on the Apple store. Among the affected exchanges are KuCoin and MEXC.The report, which was made public on April 14, says the banned exchanges were allegedly operating as unregistered overseas virtual asset operators. The report also states that the Financial Information Analysis Institution (FIU) will continue to promote the blocking of the apps and internet sites of such operators to prevent money laundering and user damage.The request to block applications on the Apple Store comes after Google Play blocked access to several unregistered exchanges on March 26. KuCoin and MEXC were also targeted during the blocking of the Google Play apps. The FSC published a list of 22 unregistered platforms operating in the country, with 17 of them already blocked on Google's marketplace. The 17 crypto exchanges blocked on Google Play. Source: FSCAccording to the FSC report, users will not be able to download the apps on the Apple Store, while existing users will not be able to update the apps. The FSC notes that “unreported business activities are criminal punishment matters” with penalties of up to five years in prison and a fine of up to 50 million won ($35,200).FIU considers sanctions against unregistered VASPsOn March 21, South Korean publication Hankyung reported that the FIU and the FSC were considering sanctions against crypto exchanges operating in the country without registration with local regulators. The sanctions included blocking access to the companies’ apps.In South Korea, operators of crypto sales, brokerage, management, and storage must report to the FIU. Failure to comply with registration and reports is subject to penalties and sanctions.Related: South Korea reports first crypto ‘pump and dump’ case under new lawThe latest sanctions come as crypto is reaching a “saturation point” in South Korea. As of March 31, crypto exchange users in the country passed 16 million — equivalent to over 30% of the population. Industry officials predict that the number could surpass 20 million by the end of 2025.Over 20% of South Korean public officials hold cryptocurrencies, with the total amount reaching $9.8 million on March 27. The assets varied and included Bitcoin (BTC), Ether (ETH), XRP (XRP), and Dogecoin (DOGE).Magazine: Asia Express: Low users, sex predators kill Korean metaverses, 3AC sues Terra
Tech giant's newest AI models outperform predecessors, slash costs, and confuse everyone with their names
Tether announced on April 14 that it will begin deploying current and future Bitcoin (BTC) mining hashrate on OCEAN Mining as part of its African strategy. The decision marks a shift in the company’s operational mining infrastructure toward software that permits miners to construct block templates independently without reliance on centralized intermediaries. The deployment will […]
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Bitcoin (BTC) reclaimed the $84,500 level on April 14, and the recovery appears partially fueled by the announcement of partial import tariff relief by US President Donald Trump. However, traders’ optimism faded on April 13 when it became apparent that the relaxation was temporary and that tariffs on the electronics supply chain could be revisited.Uncertainty surrounding the ongoing trade tensions between the US and China impacted Bitcoin markets, causing traders to lose some of their regained confidence. This explains why Bitcoin’s price failed to break above $86,000 and why BTC derivatives showed limited short-term potential, potentially setting the tone for the next few days.Bitcoin 2-month futures annualized premium. Source: Laevitas.chThe premium on Bitcoin monthly futures contracts peaked at 6.5% on April 11 but has since dropped to 5%, which is near a neutral to bearish threshold. Sellers typically require a 5% to 10% annualized premium for longer settlement periods, so anything below this range indicates reduced interest from leveraged buyers.Bitcoin sentiment dims as stock market ties dent bullish momentumTraders’ brief excitement can be linked to President Trump’s April 13 announcement that tariffs on imported semiconductors would be reviewed during the week. This suggests that exemptions for smartphones and computers are not final, according to Yahoo Finance. Trump reportedly said: “We want to make our chips and semiconductors and other things in our country.”Bitcoin traders experienced emotional swings during this period of fluctuating expectations. The performance of broader markets, particularly large technology companies reliant on global trade, appears to have influenced Bitcoin sentiment. The strong intraday correlation between Bitcoin and stock markets has dampened bullish enthusiasm, leaving open questions about whether this effect is limited to BTC futures.S&P 500 futures (left) vs. Bitcoin/USD (right). Source: TradingView / CointelegraphTo determine whether Bitcoin traders’ sentiment is merely mirroring trends in the S&P 500, it is helpful to examine the BTC options markets. If professional traders anticipate a significant price drop, the 25% delta skew indicator will rise above 6%, as put (sell) options become more expensive than call (buy) options.Bitcoin 30-day options 25% delta skew (put-call) at Deribit. Source: Laevitas.chOn April 13, the Bitcoin options delta skew briefly dipped below 0%, signaling mild optimism. However, this momentum did not hold on April 14, reinforcing data from Bitcoin futures that show no significant bullish sentiment despite prices recovering from the $74,440 lows.Weak spot Bitcoin ETF inflows also behind traders’ limited optimismAnother way to gauge market sentiment is by analyzing stablecoin demand in China. Strong retail interest in cryptocurrencies usually pushes stablecoins to trade at a premium of 2% or more above the official US dollar rate. In contrast, a premium below 0.5% often indicates fear as traders move away from crypto markets.Related: Crypto markets ‘relatively orderly’ despite Trump tariff chaos: NYDIGUSDT Tether (USDT/CNY) vs. US dollar/CNY. Source: OKXBetween April 6 and April 11, Tether (USDT) in China traded at a 1.2% premium, reflecting moderate enthusiasm. However, this trend reversed, with the premium now at just 0.5%, suggesting that the earlier excitement has dissipated. Hence, traders remain cautious and show little confidence in Bitcoin surpassing $90,000 in the near term.The announcement of Strategy’s $286 million Bitcoin acquisition at $82,618 failed to boost sentiment, as investors suspect that the recent temporary decoupling from stock market trends was largely driven by this purchase. Similarly, Bitcoin spot exchange-traded funds (ETFs) saw $277 million in outflows between April 9 and April 11, further weakening any potential improvement in trader confidence.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Spot Solana exchange-traded funds (ETFs) are set to launch in Canada on April 16, according to Bloomberg analyst Eric Balchunas. In an X post on April 14, the analyst shared a private client note from TD Bank, a Canadian financial institution, claiming the Ontario Securities Commission (OSC) greenlighted asset managers Purpose, Evolve, CI and 3iQ to issue ETFs holding Solana (SOL). The OSC did not immediately respond to Cointelegraph’s request for comment. Canada does not have a federal securities agency, with its territories and provinces applying their own securities laws. Toronto’s securities exchange is regulated by Ontario’s OSC. The ETFs are permitted to stake a portion of the SOL holdings for added yield, Balchunas said, adding that the upcoming listings are “our first look at the alt coin race.” Source: Eric BalchunasRelated: SEC approves options on spot Ether ETFsWaiting on US approvalThe US Securities and Exchange Commission (SEC) has acknowledged dozens of applications to list ETFs holding alternative cryptocurrencies, or “altcoins,” but so far has only approved funds holding spot Bitcoin (BTC) and Ether (ETH) for trading. Staking is still off limits for US crypto ETFs. Bloomberg analyst James Seyffart said Ether ETFs could be greenlighted to start staking as soon as May, but the process may take months longer. However, investors’ demand for altcoin ETFs may be weaker than for funds holding core cryptocurrencies, Katalin Tischhauser, crypto bank Sygnum’s research head, told Cointelegraph in August.“[T]here is all this frothy excitement in the market about these ETFs coming, and no one can point to where substantial demand is going to come from,” Tischhauser told Cointelegraph. Volatility Shares’ SOL futures ETF has roughly $5 million in net assets. Source: Volatility SharesIn March, asset manager Volatility Shares launched the first ETFs to track Solana’s performance using financial derivatives. Volatility Shares Solana ETF (SOLZ) has seen a lukewarm reception, attracting only around $5 million in net assets as of April 14, according to its website. “FWIW, the 2 solana ETFs in US (which track futures so not a perfect guinea pig) haven't done much. Very little in aum. The 2x XRP already has more aum than both the solana ETFs and it came out after,” Balchunas said. Balchunas added that he “[w]ouldn't read a ton into it” as a predictor for spot SOL ETFs. Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6–12
The US Department of Homeland Security's El Dorado Task Force has reportedly launched an investigation into Anchorage Digital Bank, a Wall Street-backed cryptocurrency firm. According to an April 14 Barron's report, members of the task force have contacted former employees of the company over the past weeks to examine its practices and policies. Citing unidentified sources, the report claims the probe looks at potential financial crimes within Anchorage. The reported Homeland task force probe hints at cross-national financial activities. Established in 1992, the El Dorado Task Force focuses on “transnational money laundering” activities and financial crimes carried out by organizations. Anchorage is co-founded by Portuguese-American entrepreneur Diogo Mónica and Nathan McCauley, according to its website. Along with its US businesses, Anchorage has operations in Singapore and Portugal. Its investors include Andreessen Horowitz, Goldman Sachs and Visa, among others. Anchorage Digital is the only federally chartered crypto bank in the United States. It received its national trust bank charter from the Office of the Comptroller of the Currency (OCC) in January 2021. Despite its advanced regulatory position, Anchorage Digital has faced regulatory challenges in the US. In April 2022, the OCC issued a consent order against the bank for deficiencies in its Bank Secrecy Act and Anti-Money Laundering compliance programs. At the time, the company was ordered to establish a committee to address the alleged issues under the oversight of the OCC.Cointelegraph reached out to Anchorage for comment but had not received a response at the time of publication. Anchorage's crypto footprintAnchorage was founded in 2017, and since then has been expanding its crypto footprint with services for institutional clients. The company is a custodian of BlackRock's Bitcoin exchange-traded funds (ETFs) alongside Coinbase and BitGo. BlackRock's BTC funds have attracted over $35.5 billion in cumulative inflows since its launch in January 2024. Another of Anchorage's clients is Cantor Fitzgerald. The company has offered custody and collateral management for Cantor's Bitcoin holdings since March 2025. Anchorage reported over $50 billion in assets under management in 2024. Among Anchorage's custody competitors are players such as Ripple, Kraken, Taurus and Fireblocks, but the storage of digital assets has also attracted traditional financial institutions to the crypto field. HSBC, Citi and BNY Mellon — America's oldest bank — are also competing to safeguard crypto assets for institutional clients. According to Fireblocks’ Adam Levine, senior vice president of corporate development, the US market lacks qualified custodians for digital assets. "[...] there are limited options for certain market participants to keep their digital assets in safe keeping via a qualified custodian,” Levine told Cointelegraph in a previous interview.A 2025 survey by EY reveals that 59% of institutional investors plan to allocate over 5% of their assets under management to cryptocurrencies, indicating a growing demand for institutional-grade custody services.Institutional investors are expected to increase crypto allocations in 2025. Source: EYMagazine: SEC’s U-turn on crypto leaves key questions unanswered
An analyst has explained how Cardano is retesting the support line of a technical analysis (TA) pattern, losing which could spell a bearish outcome for the coin. Cardano Is Currently Trading Inside A Descending Channel In a new post on X, analyst Ali Martinez has talked about a pattern forming in the 3-day price of Cardano. The pattern in question is the Descending Channel from TA, which occurs when an asset observes consolidation toward a net downside between two parallel trendlines. The top line tracks successive lower highs in the price and the bottom one lower lows. When the cryptocurrency is inside the channel, it’s probable to encounter resistance at the former and support at the latter. Related Reading: Bitcoin Sharks & Whales Show Highest Growth Since Feb: Confidence Returning? In the scenario that either of these levels don’t hold up during a retest, the asset can witness a breakout in that direction. This means that a surge above the channel can be a bullish sign, while a fall under it a bearish one. Now, here is the chart shared by the analyst that shows the Descending Channel that the 3-day price of Cardano has been trading inside for the last few months: As is visible in the above graph, Cardano found a rebound near the bottom of the channel earlier in the month, although it didn’t actually go low enough to make a proper retest of it. Since the recovery, the 3-day price of the cryptocurrency has returned to the midway line of the channel, situated at around $0.63. During the last few months, the coin has interacted several times with this line, with the latest instance being last month. Back then, the asset initially found support at the level, but before long, the downtrend resumed and it fell below. With ADA once again retesting this line, it will be interesting to see what trend follows this time. Related Reading: Bitcoin Dominance: BTC’s MVRV Outpaces ETH’s For Record 812 Days If Cardano ends up losing the line and a decline takes place, then the asset’s next destination could be the $0.54 mark, according to Martinez. Such a drop would mean a decrease of almost 17% from the current spot price. Like the Descending Channel, there is also a pattern in TA known as the Ascending Channel. This one naturally occurs when the consolidation is toward the upside instead. As the analyst has pointed out in another X post, XRP has been trading inside such a channel in the short term. “XRP is trading within an ascending triangle, with key resistance at $2.22,” notes Martinez. “A breakout could spark a move toward $2.40.” ADA Price At the time of writing, Cardano is trading around $0.65, up around 20% in the last week. Featured image from Dall-E, Shutterstock.com, charts from TradingView.com
U.S. stocks, including Strategy (MSTR) and MARA Holdings, rose on possible progress on trade talks with the EU.
The US Treasury has injected $500 billion into financial markets since February by drawing liquidity from its Treasury General Account (TGA), funding government operations after a $36 trillion debt ceiling was hit on Jan. 2, 2025.Macroeconomic financial analyst Tomas said that this liquidity surge boosted the net Federal Reserve liquidity to $6.3 trillion, and it may support Bitcoin’s (BTC) price in the future, even though risk assets have reflected minimal growth so far. US Treasury General Account’s expected liquidity flow. Source: X.comThe TGA represents the government’s checking account at the Federal Reserve, holding capital for daily operations like paying bills or collecting taxes. A decrease in TGA capital means the balance has been deployed into the broader economy, boosting available cash in the markets. Tomas explained that The TGA drawdown commenced on Feb. 12, following the exhaustion of "extraordinary measures" after the debt ceiling was reached. The TGA balance has dropped from $842 to roughly $342 billion, releasing liquidity into the system, and the targeted liquidity is expected to rise up to $600 billion by the end of April. The analyst added that the current tax season will temporarily drain liquidity, but the drawdown is expected to resume in May. If debt ceiling talks extend to August, net liquidity could hit a multi-year high of $6.6 trillion, which could cause a bullish tailwind for Bitcoin. Bitcoin’s correlation with global liquidity. Source: Lynalden.comAccording to a study by financial analyst Lyn Alden, Bitcoin has historically moved 83% of the time in line with global liquidity in a given 12-month period. The research termed “Bitcoin a Global Liquidity Barometer” compared Bitcoin to other major asset classes such as SPX, gold and VT, and BTC topped the correlation index with respect to global liquidity. Past TGA drawdowns in 2022 and 2023 have fueled speculative assets like Bitcoin. Thus, a $600 billion boost, plus billions more added over Q2-Q3, could lift BTC’s value if market conditions remain stable. Related: Bitcoin traders target $90K as apparent tariff exemptions ease US Treasury yieldsBitcoin eyes $137,000 by Q2-Q3, says analystAnonymous crypto trader Titan of Crypto shared a bullish outlook for Bitcoin, predicting that BTC could surge to a new all-time high of $137,000 by July-August 2025. In a recent X post, the analyst pointed out a bullish pennant pattern on the daily chart, with the price potentially heading toward a positive breakout. Bitcoin bullish pennant by Titan of Crypto. Source: X.comHowever, before pushing chips into a long conviction play, BTC must break and retain a position above its 200-day exponential moving average (EMA). As illustrated in the chart, Bitcoin faces resistance from all three key EMAs, namely, the 50-day, 100-day and 200-day indicators. A collective reclaim above each moving average on a higher time frame chart could further strengthen the bullish case, allowing the crypto to retest its six-figure targets. Bitcoin 1-day chart analysis. Source: Cointelegraph/TradingViewRelated: Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yieldThis 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.
The regulator delayed two important decisions until June.
Ethereum has seen strong buying interest recently after breaking through some key resistance levels. Its market dominance is growing, especially now that Bitcoin has bounced back above $85,000. On top of that, several on-chain indicators are showing positive signs, suggesting growing bullish momentum as Ethereum moves near a descending resistance line. However, a drop in …
Bitcoin (BTC) bulls are trying to start the week on a positive note by pushing the price above $85,000. Michael Saylor’s Strategy has used the recent dip to buy 3,459 Bitcoin for $285.5 million at an average price of $82,618. That boosts the total holding of the firm to 531,644 Bitcoin purchased at an average price of $67,556.However, not everyone is bullish in the near term. Several institutional investors seem to have trimmed their holdings. CoinShares reported on April 14 that digital asset exchange-traded products (ETPs) witnessed $795 million in outflows last week. The $7.2 billion in outflows since February have reversed nearly all year-to-date inflows, now at just $165 million.Daily cryptocurrency market performance. Source: Coin360Although Bitcoin seems to have bottomed out in the short term, a roaring bull market rally is unlikely to start in a hurry. The tariff headlines and the outcome of the tariff talks between the United States and other countries could dictate the price action.Could Bitcoin build upon the recovery, pulling altcoins higher? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index (SPX) witnessed a hugely volatile week, but a positive sign is that lower levels attracted solid buying by the bulls.SPX daily chart. Source: Cointelegraph/TradingViewAfter the massive volatility of the past few days, the index could enter a quieter phase. Sellers are likely to sell the rallies near 5,500, while the bulls are expected to buy the dips to the 5,119 support. That signals a possible range-bound action between 5,500 and 5,119 for some time.The next trending move is expected to begin after buyers push the price above 5,500 or sink below 4,950. If the 5,500 level gets taken out, the index could surge to 5,800.US Dollar Index price analysisThe US Dollar Index (DXY) has been in a freefall since turning down from the 20-day exponential moving average (102.81) on April 10.DXY daily chart. Source: Cointelegraph/TradingViewBuyers defended the 99.57 level on a closing basis on April 11, but the bears renewed their selling on April 14. If the price closes below 99.57, the index could tumble to 97.50 and, after that, to 95. The longer the price remains below 99.57, the greater the risk of starting a new downtrend.If buyers want to prevent a downward move, they will have to swiftly push the price back above 99.57. That could start a recovery to 101.Bitcoin price analysisBitcoin broke above the resistance line on April 12, and the bulls successfully held the retest of the breakout level on April 13.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($82,979) has flattened out, and the RSI is near the midpoint, suggesting that the selling pressure is reducing. The BTC/USDT pair could climb to $89,000, which is likely to act as a stiff resistance. If the price turns down sharply from $89,000 and breaks below the 20-day EMA, it will indicate a range formation. The pair may oscillate between $89,000 and $73,777 for a few days.If sellers want to trap the aggressive bulls and retain control, they will have to quickly pull the price back below the 20-day EMA. If they do that, the pair may descend to $78,500 and subsequently to the vital support at $73,777.Ether price analysisEther (ETH) is facing selling at the 20-day EMA ($1,722), as seen from the long wick on the April 14 candlestick.ETH/USDT daily chart. Source: Cointelegraph/TradingViewIf the price plummets below $1,546, the ETH/USDT pair could retest the $1,368 support. This is a crucial level for the bulls to defend because a break below $1,368 could start the next leg of the downtrend toward $1,150.Conversely, if buyers propel the price above the 20-day EMA, it signals that the bears are losing their grip. There is resistance at the 50-day SMA ($1,955), but it is likely to be crossed. The pair may then ascend to the solid resistance at $2,111.XRP price analysisXRP (XRP) turned down from the 50-day SMA ($2.24) on April 13, indicating that sellers are active at higher levels.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($2.10) has flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. A break below $2 will tilt the advantage in favor of the bears. The XRP/USDT pair could drop to $1.72 and later to $1.61.Buyers will gain the upper hand if they push and maintain the price above the 50-day SMA. If they can pull it off, the pair could rally to the resistance line. Sellers are expected to aggressively defend the resistance line because a break above it signals a potential trend change.BNB price analysisBNB (BNB) is facing resistance at the downtrend line, but a minor positive is that the bulls have not ceded much ground to the bears. BNB/USDT daily chart. Source: Cointelegraph/TradingViewThat increases the likelihood of a break above the downtrend line. If that happens, the BNB/USDT pair could ascend to $645. Sellers will try to guard the $645 level, but it is likely to be crossed.This positive view will be invalidated in the near term if the price turns down sharply from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for a while longer.Solana price analysisSellers are trying to defend the 50-day SMA ($130) in Solana (SOL), but the bulls have kept up the pressure.SOL/USDT daily chart. Source: Cointelegraph/TradingViewIf the price closes above the 50-day SMA, the SOL/USDT pair could rise to the $147 to $153 resistance zone. Sellers are expected to vigorously defend this zone, but if the bulls prevail, the pair could surge to $180.The first support on the downside is the 20-day EMA ($123). A bounce off the 20-day EMA will keep the positive momentum intact, while a break below it could sink the pair to $110 and eventually to $95.Related: Solana rallies 20% against Ethereum, but is $300 SOL price within reach?Dogecoin price analysisBuyers are trying to start a recovery in Dogecoin (DOGE) but are expected to face stiff resistance from the bears at the moving averages.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the moving averages, the bears will again attempt to sink the DOGE/USDT pair below $0.14. If they manage to do that, the selling could accelerate, and the pair may slump to $0.10.Contrarily, if buyers propel the price above the moving averages, the pair could rally to $0.20. This is an important near-term level to watch out for because a break above it will complete a double-bottom pattern. The pair could then climb toward the pattern target of $0.26.Cardano price analysisBuyers are struggling to push Cardano (ADA) above the 20-day EMA ($0.65), indicating that demand dries up at higher levels.ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the 20-day EMA, the next support on the downside is $0.58 and then $0.50. Buyers are expected to fiercely defend the $0.50 level because a break below it could sink the ADA/USDT pair to $0.40.On the upside, buyers will have to drive and maintain the price above the 50-day SMA ($0.71) to signal that the downtrend could be over. That could propel the pair to $0.83 and subsequently to $1.03.UNUS SED LEO price analysisBuyers are trying to push UNUS SED LEO (LEO) above the 20-day EMA ($9.39), but the bears are posing a substantial challenge.LEO/USD daily chart. Source: Cointelegraph/TradingViewThe flattening 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand. That could keep the LEO/USD pair stuck between $9.90 and $8.79 for a few days.The next trending move could begin on a break above $9.90 or below $8.79. If buyers kick the price above $9.90, the pair will complete a bullish ascending triangle pattern. This bullish setup has a target objective of $12.04.On the downside, a break below $8.70 could signal the start of a deeper correction toward $8.30.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.
The fastest growth was seen on the Ethereum, Solana and Base networks, data shows.