Cryptocurrency - Page 58 of 151

Ethereum Holds Steady at $1,801 Amid Renewed Institutional Interest

Ethereum (ETH) is currently trading at $1,801, reflecting a modest decline of 0.93% over the past 24 hours. Despite this slight dip, the cryptocurrency maintains a strong position, bolstered by significant institutional investments and ETF inflows.

Institutional Investments and ETF Inflows Support Ethereum’s Stability

Recent reports indicate that major financial institutions, including BlackRock and Fidelity, have made substantial investments in ETH. BlackRock’s purchase of $54 million and Fidelity’s acquisition of $35.9 million worth of ETH underscore a growing institutional confidence in the asset.

Additionally, ETH ETFs have experienced significant inflows, with nearly 57,900 ETH valued at approximately $104.1 million being purchased without any outflows. These developments suggest a positive outlook for ETH’s long-term value.

Technical analysis reveals that Ethereum is currently testing key resistance levels around $1,800. The cryptocurrency’s ability to maintain its position above this threshold, despite recent market fluctuations, indicates a resilient support base.

As the broader cryptocurrency market continues to evolve, Ethereum’s stability and the renewed interest from institutional investors may play a crucial role in its future performance.

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New York Man Jailed for $12M Crypto Scam, Faces 18 Years Behind Bars

Crypto Scam: Eugene William Austin Jr., better known as “Hugh Austin,” has been sentenced to 18 years in federal prison for orchestrating a multi-million dollar crypto fraud scheme that scammed more than two dozen victims out of $12 million.

New York Man Misled Investors with Fake Deals leading a Crypto Scam

The Justice Department also confirmed that his son, Brandon Austin, received a four-year prison sentence earlier in connection to the same crypto scam.

According to U.S. Attorney Jay Clayton, Austin deceived entrepreneurs and investors with fake promises of profitable cryptocurrency investments, short-term trading deals, and bogus brokerage services. He also falsely claimed access to funding from wealthy investors that never existed.

Instead of investing the victims’ money, Austin used the funds for personal indulgences, including luxury hotels, flights, restaurants, and other high-end expenses.

A federal jury convicted Austin in September 2024 on multiple charges including conspiracy to commit wire fraud, money laundering, and transporting stolen property across state lines. The sentencing was carried out by U.S. District Judge P. Kevin Castel.

Austin, 62, of Port Jefferson, New York, will also serve three years of supervised release, forfeit over $6 million in assets, and pay $12.6 million in restitution to the victims.

“This Office will continue to pursue those who exploit trust and use cryptocurrency as a cover for fraud,” said Clayton, praising the efforts of Homeland Security Investigations and the Complex Frauds and Cybercrime Unit.

The case was prosecuted by Assistant U.S. Attorneys Olga Zverovich, Matthew Weinberg, and Andrew Chan.

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INIT Token Skyrockets 325% After Launch — Hyperliquid Trader Makes $654K in Hours

Someone Just Cashed Out $654K in Hours on INIT — Insider or Genius Trader?

Crypto Twitter is low-key melting down after a Hyperliquid trader pulled off what looks like the cleanest snipe of the year. The trader went long on it , the native token of the Initia blockchain, just after it launched — and now they’re sitting on a $654K profit. Yeah… in just 15 hours.

The Setup

INIT dropped on April 24, launching on multiple crypto exchanges and instantly becoming the move. A post from Lookonchain spilled the alpha:

The trader went long on Hyperliquid with 2X leverage
Entry price was $0.638
It is now trading at around $0.8494 (+30.82% in 24 hours)
The trade made a $654,000 profit, per Hypurrscan

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Insider Alpha or Just Luck?

Crypto sleuths are calling foul play, speculating that the trader might be tied to the Initia team. The timing is just too perfect — the position was opened minutes after the token started trading, right before the massive pump.

Whether it’s insider info or sharp instinct, the streets are watching. 🕵️‍♂️

INIT Token Stats (at press time):

Price: $0.8494
Volume: ~$1B in 24 hours
Market Cap: $126.35M
Rank: #304 on CoinMarketCap
From Binance Launch Price: $0.2 ➡️ $0.85 = +325%

It is clearly making waves across both centralized and decentralized exchanges — and it’s only been live for a day.

Bottom Line:

Whether you believe the trader is an insider or just cracked the code, this launch is the latest reminder that new token launches = wild opportunities (and even wilder drama).

Keep your eyes on this one. The blockchain is watching.

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PENGU Price Soars 40%, Breaks Key Resistance with $0.015 in Sight

PENGU, the memecoin inspired by the popular Pudgy Penguins NFT collection, has surged over 40% in the past 24 hours, breaking free from a weeks-long consolidation phase. The price is currently testing resistance at the $0.008–$0.010 range, which was a significant breakdown point back in early March.

Memecoin PENGU blasts out of weeks-long sideways trading, backed by bullish indicators and ETF approval rumors.

After trading between $0.004 and $0.006 for nearly two months, the breakout came on strong trading volume and bullish technical indicators. The Relative Strength Index (RSI) has crossed above 70, showing strong buying momentum, while the MACD has flipped bullish with a clean crossover — both MACD and signal lines trending sharply upward.

Importantly, PENGU has now closed above its 20-day EMA and 50-day SMA for three consecutive days — something not seen in months — suggesting a potential shift in trend. Volatility has returned, as seen by the Average True Range (ATR) ticking up since April 21.

Should PENGU break through the current $0.010 resistance zone and hold above it with convincing volume, the next price target is $0.015. This psychological barrier last acted as a resistance back in January. Beyond that, a more aggressive target of $0.022 emerges — a level where previous horizontal support formed before the market correction.

A major bullish catalyst on the horizon is the potential approval of a PENGU ETF reportedly filed by Canary Capital. While details are limited, speculation around the ETF has already begun fueling market excitement.

As interest in memecoins grows and retail traders return to the market, PENGU could be on track for a notable run — if it clears these technical and psychological hurdles.

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Celsius Ex-CEO Alex Mashinsky Faces Sentencing May 8 — Jail Time Likely After Fraud Plea

t’s official — Alex Mashinsky, the former CEO of Celsius, is about to find out how many years he’s spending behind bars. His sentencing is locked in for May 8, 2025, after he pled guilty to a laundry list of fraud charges that shook the crypto world.

What’s He Being Charged With?

Mashinsky copped to a series of major crimes:

Securities fraud
Commodities fraud
Wire fraud
Straight-up market manipulation

Basically, Alex Mashinsky cooked the books, pumped CEL token artificially, and lied to investors about how Celsius was making money. Spoiler: it wasn’t.

Victim Voices Are Loud

Prosecutors dropped a massive file of 200+ victim statements, and the vibes are furious. Most people want the maximum sentence possible, with some even saying Alex Mashinsky should spend the rest of his life behind bars.

A few investors went soft and asked for mercy, but they’re clearly in the minority.

The Celsius Meltdown

At its peak in 2021, Celsius was managing a wild $25 billion. But that came crashing down once the truth hit. Turns out, Mashinsky:

Lied about the company’s financial health
Secretly sold his own stash of CEL tokens after inflating their value
Misled customers about investment strategies

Now, he’s agreed to return just $48 million, which barely scratches the surface of the damage done.

Legal Drama Continues

Mashinsky’s legal team was granted extra time to present “new evidence” — but let’s be real, it might be too little too late. This sentencing is set to become a major precedent for how crypto crimes get punished in court.

As the feds tighten their grip on crypto, Mashinsky’s case could be the blueprint for future crackdowns.

So yeah — May 8? Mark it. Crypto’s courtroom moment is coming.

Also Read: Pump and Dump Scam :UK Drug Gang Launches Memecoin to Launder Cash in

XRP Price Could 3x to $6.5 as Bullish Signals Flash — May 10 Breakout Incoming?

XRP Is Gearing Up to Moon — Could Hit $6.5 if May 10 Goes Right

If you’ve been sleeping on XRP, now might be the time to wake up — hard. Analysts are eyeing a major breakout that could send Ripple’s token flying to $6.5, marking a nearly 200% surge from where it’s chillin’ now.

Triangle Breakout Incoming?

A TradingView analyst known as Cryptarch_ is calling it: XRP is forming a Descending Triangle, a classic chart pattern that usually snaps upward when it ends. Combine that with Bitcoin absolutely pumping? You’ve got breakout vibes.

The Trading Plan:

💸 Buy-in price: $2.10
🛑 Stop-loss: $2.00
💰 Target: $6.50 (maybe $6.82 if we go full rocket mode)

It’s a risk-managed setup — perfect for traders who want in on the moonshot without losing their whole bag if it goes south.

Key Resistance Levels to Watch:

The chart maps out several horizontal purple lines where it will likely test resistance:

$2.49
$3.00
$3.39

But $3 is the real boss level here — the token popped off at that mark back on March 2, 2025. If it flips that into solid support, this rally could go from hype to real fast.

Save the Date: May 10

May 10, 2025 is the big one — it could either smash past $3 and rally or fall back to $1.61. It’s like final boss battle energy for Ripple, and everyone’s watching.

Don’t Forget BTC

Bitcoin is already flexing at $91,872. If BTC holds above $89K, it could give XRP and the whole altcoin squad that much-needed push. The stars (and charts) are aligning for a full-blown altcoin szn.

So if you’re feeling brave and bullish — eyes on XRP, fingers on the trigger.

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Bitcoin Rally Continues With Price Surging Past $95K

Bitcoin (BTC) has surged to $95,045, marking a 1.88% increase in the past 24 hours. The world’s top cryptocurrency continues its rally after bouncing back from an early April low of around $76,000, showing renewed strength across the digital asset market.

Bitcoin Nears $95K as Bullish Momentum Pushes Crypto Market Higher

This upward trend is being driven by a mix of macroeconomic factors and strong investor confidence. Growing speculation around potential Federal Reserve interest rate cuts, combined with institutional adoption and a general bullish sentiment in crypto, has brought fresh energy to the market.

Investment firm ARK Invest recently reaffirmed its bullish stance on Bitcoin, predicting the asset could reach anywhere between $300,000 to $1.5 million by the end of the decade. This long-term optimism is encouraging many retail and institutional players to hold onto their positions or add more BTC to their portfolios.

On the technical side, Bitcoin has broken out of a four-month-long falling wedge pattern and has closed above its 200-day moving average. Analysts also point out that the Relative Strength Index (RSI) is holding above 50, indicating sustained bullish momentum.

But not everything is clear skies. Analysts are eyeing the key psychological resistance of $100,000. A clean breakout above that level could open the path to $107,000, while any pullback might find support around $85,000 or even $76,000.

For now, Bitcoin’s strong performance is bringing positive energy to the broader crypto market, with other digital assets like Ethereum and Solana also posting notable gains. As BTC edges closer to $100K, the crypto world is watching closely to see if it can break through and set new all-time highs in 2025.

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Trump’s $TRUMP Token Blasts 56% After Announcing VIP Dinner for Top Holders

Trump’s Hosting a VIP Dinner for $TRUMP Holders & The Token is Going Wild 🇺🇸

If you’re holding Donald Trump’s memecoin ($TRUMP), you might just score an invite to one of the most extra crypto events of the year. The former U.S. President is throwing a private dinner for the top 220 $TRUMP holders — and yes, people are going full ape.

Dinner Deets:

Set to go down on May 22 at the Trump National Golf Club in Washington, D.C., the event is invite-only and based on how much $TRUMP you’re holding between April 23 and May 12. A leaderboard is already live to track the top holders. Basically, the bigger your bag, the closer to Trump you get.

VIP Access Goals:

Top 220 holders = dinner invite
Top 25 = private reception w/ Trump + VIP White House tour
Top 15 = upgraded “YOUR FAVORITE PRESIDENT” moment, per the website

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And yeah, the vibes are 🔥. Since the announcement, $TRUMP spiked over 56%, jumping from around $9 to a peak of $13.13 with over $276M in trading volume in just 24 hours. The TRUMP/USDC pair alone has seen over 1,500 transactions today. That’s not a pump — it’s a rocket.

But Not Everyone’s Buying the Hype:

Some crypto watchers are calling this a “distraction” or a strategic play to “farm exit liquidity” from loyal fans. Still, the excitement is off the charts, and Trump supporters are doubling down, hodling hard for that dinner plate.

FYI — Trump first launched the $TRUMP token earlier this year, shortly before his latest inauguration. Melania followed up with her own token too, so yeah — it’s a whole crypto couple thing. Trump’s also hosted pro-crypto summits and stacked his team with blockchain-friendly people, signaling this ain’t just a meme move.

No word from the White House yet — but the blockchain? It’s already RSVP’d.

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Pump and Dump Scam :UK Drug Gang Launches Memecoin to Launder Cash in

A UK-based drug gang has reportedly taken a bold new approach to laundering their illegal earnings—by creating a memecoin and using it for a classic pump and dump scheme.

British Drug Gang Launches Memecoin to Launder Money in Pump and Dump Scheme

According to an investigation reported by the Daily Mail, private investigator Gary Carroll, a drug crime specialist with a law enforcement background, uncovered the operation. The gang allegedly used proceeds from their drug business to hire developers and launch a fake cryptocurrency inspired by the notorious OneCoin scam.

Carroll stated that the coin’s value or technology wasn’t the point. The real plan was to drive hype online, lure unsuspecting buyers, and cash out fast. The gang paid to develop the token and then used the remaining funds to buy into it, planning to sell their holdings once the price rose due to social media buzz.

“They’re not interested in the tech. It’s about creating hype, getting people to buy in, and then dumping their supply for clean-looking money,” Carroll explained.

The operation was designed to make the drug money appear legitimate. If the coin price spiked—even briefly—the gang could dump their tokens and walk away with “clean” profits, leaving regular investors holding worthless coins.

This method, known as a pump and dump, is not new in financial scams, but Carroll emphasized that creating a brand-new memecoin for laundering purposes is a bold evolution in criminal tactics.

Historically, criminals have used major cryptocurrencies like Bitcoin for money laundering. However, due to stricter regulations and increased scrutiny, this route has become more difficult. In fact, in 2024, the UK’s National Crime Agency (NCA) cracked down on several international crypto laundering networks, including Moscow-based operations Smart and TGR.

This case highlights a growing trend where organized crime intersects with emerging technologies, pushing law enforcement to keep pace with increasingly creative financial crimes. This method of pump and dump has been done several times by influencers as well as celebrities and now criminals have also started using such method which is a sign for potential danger.

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Charles Hoskinson Drops Bomb on Ethereum – Says It Might Not Survive another 10 years

Charles Hoskinson Just Threw Major Shade at Ethereum

Ethereum’s got beef — and it’s coming from inside the house. Charles Hoskinson, OG co-founder of ETH and the mastermind behind Cardano, just dropped some savage takes in a recent AMA with Altcoin Daily. Spoiler: He’s not bullish on its future.

When someone asked him, “What would you have done differently if you were running the Ethereum Foundation?”, Charles didn’t hold back. He basically went full roast mode and called out:

Wrong protocols
Flawed accounting models
Problematic consensus models
Broken virtual machines
No proper on-chain governance
And a “parasitic” Layer-2 ecosystem

Yikes.

Ethereum = MySpace?

Charles literally said he doesn’t think it will survive another 10–15 years. Why? He believes Bitcoin’s DeFi game is leveling up fast and will start stealing the spotlight. Plus, its reliance on Layer-2s is apparently draining all its “alpha,” leaving the core chain to stagnate.

In his words:

“It’s like MySpace or BlackBerry — a victim of its own success.”

He also threw a little side-eye at Vitalik Buterin, suggesting it’s getting harder and harder for him to keep it together with just charisma and vibes.

Backstory moment: Hoskinson and Vitalik built the platform together in 2013, but Charles got booted the next year. His vision was to make it a for-profit company, while Vitalik was all about the nonprofit route. That drama still kinda lingers 👀

TL;DR:

Hoskinson thinks Ethereum’s got serious issues and might not make it to 2040. From bloated design to over-reliance on L2s and no real governance — it’s giving “end of an era” energy. And yeah, he thinks Bitcoin might just eat its lunch.

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