Author: boss

Samourai Wallet Developer Appeals for Help With $2 Million Legal Debt

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Keonne Rodriguez, one of the developers behind the crypto-mixing protocol Samourai Wallet, is appealing to the crypto community for donations to help cover legal bills and fines tied to his trial over money laundering. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison, respectively, on charges stemming from their involvement in the protocol. Rodriguez said in an X post on Wednesday that he desperately needs help after being “financially wiped out,” accruing $2 million in debt from legal fees…

President Trump sons’ Bitcoin miner stumbles with $82M Q1 loss

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American Bitcoin reported an $81.7 million first-quarter loss as revenue came in below analyst expectations.  Summary American Bitcoin reported an $81.7 million Q1 loss as revenue missed analyst forecasts by 17%. The miner produced a record 817 Bitcoin while cutting mining costs to $36,200 per BTC. Shares slipped as results showed pressure from lower Bitcoin prices and tighter mining margins industrywide. The Bitcoin mining company is linked to U.S. President Donald Trump’s sons, Eric Trump and Donald Trump Jr. The company posted $62.1 million in revenue for the quarter ended…

Solana Eyes New Leg Up After Triangle Breakout – $96 Next?

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As Solana (SOL) breaks out of a multi‑week pattern, some market observers suggest a retest of a key resistance level could be on the horizon. Nonetheless, they also warned that the next leg up could be short‑lived if momentum fails to hold. Related Reading Solana Breakout Targets Key Resistance On Wednesday, Solana jumped 4.2% on the daily timeframe, retesting the $90 area for the first time in nearly a month before retracing. The cryptocurrency has been in the $75 to $96 price range since the early February market crash, failing…

Network Activity Down, Spot Demand Negative—What’s Next?

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On Wednesday, Bitcoin reached its highest level since January, crossing above the $82,000 threshold. However, one analyst has warned that the latest upswing may not be driven by genuine demand.  Instead, he describes it as a so-called “speculative trap” and points to signals suggesting there may be little underlying momentum before the market potentially retraces sharply. $83,000 Condition For Bitcoin In a post on X (formerly Twitter), market analyst OxPepesso argued that BTC is moving in a way that looks similar to the “S&P 500 AI bubble,” implying that Bitcoin…

Aave Liquidates Kelp DAO Hacker’s rsETH Positions

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Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and compensating affected users.  This marks a “critical step” in the “DeFi United” recovery plan, Aave posted on X on Wednesday. It added that the liquidated collateral tied to the $293 million exploit on April 18 was transferred to Recovery Guardian, a multisignature wallet managed by DeFi United.  DeFi United is now only about 10% short of the Ether (ETH) needed to restore the Kelp DAO…

Solana Sees Rising Social Hype, Yet Network Activity Is Falling

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Data shows social media sentiment around Solana has been rising recently, but network utility has actually followed the opposite path. Solana Active Addresses Have Been On The Decline In a new post on X, analytics firm Santiment has talked about how a couple of key metrics related to Solana have changed recently. The indicators in question are the Positive/Negative Sentiment and Daily Active Addresses. First, the Positive/Negative Sentiment compares the bullish and bearish sentiments related to a given asset that are currently present on the major social media platforms. The…

Ethereum Price Struggles To Hold Strength, Downside Risks Build

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Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300. Ethereum started a downside correction from the $2,420 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,365 zone. Ethereum Price Trims Gains Ethereum price managed to…

Stablecoins to Scale if Tech Giants Continue Adoption: Bitwise

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Stablecoins are more likely to go mainstream if adopted by major technology companies, a shift Bitwise says could help push the market closer to a projected $4 trillion by the end of the decade. Bitwise chief investment officer Matt Hougan said on Tuesday that DoorDash and Meta’s recent use of stablecoins for payments in limited projects is likely “the real killer app of stablecoins.”  “On a relative basis, these are not a big deal. Both are pilot projects and the dollar amounts are small,” Hougan wrote. “But they’ve answered a…

Here The Post-Crisis Market Structure

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Aave entered April 2026 as DeFi’s most trusted lending protocol. It is ending the month navigating the most damaging crisis in its history — one that did not require a single line of its own code to be broken. Related Reading The attack began at Kelp DAO, where an attacker exploited a vulnerability in the rsETH bridge to drain approximately $292 million in stolen tokens. What followed was not an isolated protocol incident. The attacker deposited the stolen rsETH as collateral on Aave V3 and borrowed against it. Using fraudulent…

XRP Nears Triangle Apex—Will A Breakout To $1.80 Follow?

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A cryptocurrency analyst has pointed out how XRP could see a breakout from a Symmetrical Triangle if it manages to close above $1.45. XRP Has Potentially Been Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has discussed a pattern that’s possibly forming in the daily chart of XRP. The pattern in question is a Symmetrical Triangle from technical analysis (TA), which is a type of triangular consolidation channel. It involves two converging trendlines: an upper resistance barrier and a lower support cushion. The main…