🚫 Court Dismisses $750K Crypto Fraud Lawsuit Against Santander

⚖️ The Massachusetts Appeals Court recently upheld a decision to dismiss a lawsuit filed by Lourenco Garcia against Santander Bank, regarding over $750,000 lost in a cryptocurrency scam. The court ruled that Santander had no legal obligation to intervene in authorized transactions, despite Garcia's claims.

🗓 On April 18, the court affirmed a November 2023 Superior Court ruling which stated that Garcia's amended complaint did not present a valid legal claim under Massachusetts Rule of Civil Procedure 12(b)(6). Garcia alleged that Santander failed to act when he authorized several large transactions linked to a fraudulent crypto platform, Coinegg.

💳 Between December 13, 2021, and January 4, 2022, Garcia made two online purchases through Crypto and initiated seven wire transfers at Santander branches, totaling $751,500. These funds were transferred to an account at Metropolitan Commercial Bank of New York for cryptocurrency purchases, which were then sent to Coinegg. After discovering that Coinegg was a scam, Garcia sought to recover his funds, citing Santander's Personal Deposit Account Agreement that stated:

If we see any transactions that follow patterns fraudsters typically use, we will text you or email you to ask whether or not you authorized the transactions.

➡️ However, the Appeals Court determined that this statement did not create a duty for Santander to stop or question the transactions. The court noted:

The Agreement states that Santander ‘may decline or prevent any or all transactions,’ but does not obligate Santander to do so.

📝 The judges pointed out that Garcia had authorized all transactions himself and did not identify any breached contract terms or legal duties by the bank. They also found that the language on Santander's website did not constitute an enforceable promise, and Garcia failed to demonstrate any false or deceptive conduct necessary to support claims of negligent misrepresentation or violations of Massachusetts General Laws Chapter 93A.

📢 John Deaton Expresses Surprise At Ripple’s Exclusion As Crypto Firms Look To Apply For Bank Licenses 🚨

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💰 Bitcoin Surges Past $94,000 Amid Positive Market Sentiment

📈 Bitcoin (BTC) has surged past the $94,000 mark, experiencing a 6.2% increase in the last 24 hours and a 12.9% rise over the past week. This upward movement signifies a shift in market sentiment as investors increasingly view the leading cryptocurrency as "digital gold." The recent price fluctuations highlight Bitcoin's attractiveness despite volatility in other markets and its potential for substantial short-term profits.

🔼 Ethereum (ETH) has also seen significant gains, climbing to $1,790 with a 10.2% increase in the last 24 hours and a 14.5% rise over the past week. This further suggests a bullish trend in the cryptocurrency market.

💰 Semler Scientific Expands Bitcoin Holdings with $10 Million Acquisition

📈 Semler Scientific, a medical technology company, recently announced the acquisition of 111 bitcoins for $10 million between February 14 and April 24, 2025. This purchase increased the company's total bitcoin holdings to 3,303 bitcoins, which were acquired at an average price of $87,929 per bitcoin.

💵 The latest acquisition was funded through proceeds from its at-the-market (ATM) offering program and available cash. As of April 24, 2025, the market value of Semler Scientific's bitcoin holdings stood at $309.1 million.

➡️ This update on bitcoin holdings follows the company's recent filing for a $500 million mixed-securities offering aimed at financing further bitcoin acquisitions. The filing permits Semler Scientific to sell various securities and use the proceeds primarily for additional bitcoin purchases.

♾ To facilitate its bitcoin acquisitions, Semler Scientific has entered into a new Controlled Equity Offering Sales Agreement. Under an initial agreement with Cantor Fitzgerald, the company raised approximately $126 million by issuing and selling over 2.4 million shares. After launching a new ATM equity offering program on April 22, 2025, the company stopped selling shares under the previous agreement.

📊 The new agreement with Barclays Capital, Cantor Fitzgerald, Canaccord Genuity LLC, and other firms allows Semler Scientific to issue and sell up to $500 million in common stock. As of April 24, the company had sold over 57,000 shares under this agreement, generating about $2 million in net proceeds.

📈 According to the company's statement, Semler Scientific reported a 23.5% year-to-date bitcoin yield through April 24, 2025. This yield is used as a key performance indicator (KPI) to assess the effectiveness of its bitcoin acquisition strategy and its impact on shareholders. The company believes this KPI is valuable for investors to understand its decision-making process regarding funding bitcoin purchases through the issuance of additional shares.

🟢 Tether Gold (XAUT) Fully Backed by Physical Gold: Q1 2025 Attestation Released

📊 Tether Holdings has published its first-quarter 2025 attestation for Tether Gold (XAUT), confirming that over 7.7 tons of physical gold fully back the circulating tokens. The report, conducted by BDO Italia S.p.A., verified that as of March 31, 2025, 246,524.33 fine troy ounces of gold were held in custody. Each XAUT token is backed 1:1 by an equivalent ounce of gold stored in Swiss vaults.

💰 The attestation revealed that the cumulative market value of Tether Gold (XAUT) at the end of Q1 was $770 million, with each token priced at $3,123.57. It also confirmed the sale of 180,777.07 XAUT tokens and noted that 65,747.26 tokens remain available for purchase.

➡️ Following its relocation from the British Virgin Islands in January, TG Commodities S.A. de C.V., the issuer of XAUT, is now regulated under El Salvador’s Digital Asset Issuance Law. The company is registered as a Money Services Business with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network.

🔍 The report emphasized that Tether's gold reserves consist of London Bullion Market Association (LBMA) certified bars and undergo periodic quality testing by independent third parties. Tether's management policies state that the gold is valued at fair market price under a going-concern assumption.

📈 Tether also pointed out macroeconomic trends affecting gold's role as a store of value (SoV), including increased central bank gold purchases and rising inflationary pressures. In 2024, central banks added over 1,044 metric tons to their reserves, according to data from the World Gold Council.

🔗 The independent report underscores that Tether Gold (XAUT) offers users a digital asset backed by verifiable physical gold, setting it apart from non-compliant tokenized products that depend on paper gold or face regulatory uncertainties.

🚨 Nasdaq Files S-1 For 21Shares Dogecoin ETF With SEC 🏛

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Daily View

1️⃣ Bitcoin Stats
$BTC is experiencing a modest rebound with speculative funds returning to the market, amid analysis focusing on key price support levels.

2️⃣ Token to Watch

$HOSICO $0.0365 +53.20%
$HOUSE $0.0895 +48.23%

3️⃣ Daily Focus
- Institutional interest remains evident, with large inflows into Bitcoin and Ethereum spot ETFs occurring recently.
- On the macro front, uncertainty persists as tariffs and economic conditions raise questions about near-term growth, while Federal Reserve policies and inflation data continue to influence market sentiment.

CoinEx: Your Crypto Trading Expert

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📉 April's Revenue Decline for Bitcoin Miners

📉 Bitcoin miners experienced a revenue drop of $40 million in April, continuing a four-month trend of decreasing earnings since December. Total revenue for April was $1.18 billion, which included $15.65 million from transaction fees. In contrast, March revenues were $1.22 billion.

📈 Interestingly, transaction fees increased slightly in April compared to March, which had $15.11 million in on-chain fees. Despite the rise in BTC prices and hashprice—the expected daily yield for 1 petahash per second of SHA256 processing power—overall revenue declined. On April 1, the hashprice was $46.88 but rose to $50.26 by May 1. However, miners faced significant challenges due to network difficulty, which reached a record 123.23 trillion. The next difficulty adjustment is scheduled for May 4, 2025, and is expected to reduce strain by about 5.47%.

💪 Despite the decline in monthly earnings, price appreciation remains a positive factor for miners. While they navigate thinning margins and increasing operational challenges, the market suggests a potential shift in equilibrium. Efficiency has become crucial for survival in this evolving landscape.

📈 Bitcoin Market Analysis: May 4, 2025

💰 On May 4, 2025, Bitcoin was valued at $95,426 with a market cap of $1.895 trillion. It experienced a trading volume of $13.546 billion and fluctuated between $95,415 and $96,493 throughout the day.

📊 The daily chart indicates a continuation of a broader uptrend following a significant rally from a recent low of $74,434. However, there are signs of local exhaustion, with three consecutive red candles near the resistance level of $97,938. This suggests short-term hesitation as trading volume declines, indicating waning bullish momentum. The recommended strategy is a buy-the-dip approach in the $92,000 to $94,000 range, aiming for profit near $97,000 to $98,000 unless a high-volume breakout occurs.

📉 The 4-hour chart shows a clear short-term downtrend after a failed attempt to push above $97,000. The market structure has shifted to lower highs and lower lows, with $92,846 identified as a key support level. Bearish volume dominates, reinforcing downward pressure. Short-term traders might consider an aggressive short entry near $96,000 to $96,500, with stop-loss orders above $97,500. A more conservative long position could be justified if a bullish pattern forms near $92,800 to $93,000.

📉 On the 1-hour chart, Bitcoin shows a firm downward trajectory with recent support at $95,330 and resistance at $97,938. The prevailing downtrend is supported by low-volume bullish attempts. Scalp traders may find short opportunities if the price fails at the $96,000 to $96,300 level. However, a bullish engulfing candle with strong volume near $95,000 to $95,300 could present a quick long scalp opportunity.

📊 Momentum indicators present a mixed outlook. The relative strength index (RSI) is at 65, while the Stochastic is at 86, indicating neutral conditions. Momentum signals a sell, contrasting with a buy signal from the moving average convergence divergence (MACD) at 3,036. This reflects a market in consolidation, awaiting a decisive move.

🏛 SEC To Host Crypto Roundtable With BlackRock, Fidelity, & Nasdaq 📢

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Daily View

1️⃣ Bitcoin Stats

$BTC is testing critical resistance near $93,000, with analysts warning that a failure to hold above this level could trigger significant technical and psychological setbacks.

2️⃣ Token to Watch

$PARTI $0.2817 +24.03%
$CHILLGUY $0.0534 +20.59%

3️⃣ Daily Focus

The Federal Reserve's May meeting is imminent, and expectations for a rate cut have diminished to only 2.7%, contributing to cautious sentiment. Meanwhile, broader regulatory developments and shifting institutional strategies also influence market dynamics.

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➡️ Cryptocurrency Market Rises to $3.01 Trillion, Driven by Altcoins

📈 The global cryptocurrency market has increased by 2.79% in the last 24 hours, reaching a total valuation of $3.01 trillion. This growth is attributed to strong performances from altcoins and steady gains from Bitcoin and Ethereum.

Bitcoin (BTC), which maintains a dominant 64.4% share of the crypto market today, rose 3.25% coasting along at $97,302 apiece, reflecting continued institutional confidence.

Ethereum (ETH), with 7.4% market dominance, gained 3.20% to trade at $1,827 on Wednesday, showing resilience despite minor hourly pullbacks.

🚀 Among altcoins, Stacks (STX) and EOS led the way with impressive 24-hour gains of 15.4% and 13.6% respectively. STX is now priced at $0.8794, securing the third spot on the day’s top gainers list, while EOS follows closely at $0.778. Other notable risers included Convex Finance (CVX) up 13.13%, Brett (BRETT) up 11.24%, and Popcat (POPCAT), which jumped 10.8%.

The day’s top gainer was kaito (KAITO), rocketing 48.06% to $1.262475, bolstered by renewed interest.

However, not all tokens shared in the bullish sentiment. Movement (MOVE) fell sharply by 10.29% to $0.1613, leading the day’s losers. Fartcoin (FARTCOIN) and Virtual Protocol (VIRTUAL) also tumbled, down 10.25% and 8% respectively.

📊 Despite some losses, the overall trend for today remains decisively positive with broader momentum favoring altcoins over major caps.

Market Update: Crypto Resurgence in April 2025

- Bitcoin bounced back big time, breaking $90K thanks to a U.S. tariff pause & renewed market optimism. Now $BTC has skyrocketed to over $100k!

- Innovations in Bitcoin staking and high-speed blockchains like Monad added depth to the ecosystem.

- Stablecoin inflows remained strong, though growth slowed, hinting at potential consolidation before the next major move.

Looking ahead, May will be crucial. Watch for regulatory shifts, economic data, and key technological developments to guide the market's direction.

CoinEx: Your Crypto Trading Expert

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🚀 XRP Emerges as 2025's Leading Cryptocurrency

📈 XRP has surged ahead in 2025, becoming the top-performing cryptocurrency due to significant ETF inflows, regulatory advancements, and Ripple's $1.25 billion acquisition that has strengthened its institutional position. Ripple Labs recently released its XRP Markets Report for Q1 2025, which highlights XRP's exceptional market performance and growing institutional adoption. This report marks the end of its current format due to previous misuse by the U.S. Securities and Exchange Commission (SEC) leadership; future updates will be shared publicly on Ripple's website.

💪 The report presents an optimistic view of XRP's market behavior in Q1, emphasizing its resilience amidst broader crypto volatility. Ripple stated,

Despite the volatility, XRP stood out as a top performer, showing resilience amid a volatile market and outperforming nearly every major crypto.

It further noted that XRP outperformed major assets like BTC and ETH, even climbing nearly 50% in early February while BTC remained stable and ETH and SOL declined.

📊 Institutional support for XRP has increased significantly due to a surge in exchange-traded fund (ETF) activities. XRP-based investment products have outperformed those linked to bitcoin and ethereum, recording $37.7 million in inflows this year. Noteworthy developments include Franklin Templeton's filing for a spot XRP ETF in the U.S., CME's plans to launch XRP futures, and Brazil’s approval of a dedicated XRP ETF.

➡️ Ripple's recent $1.25 billion acquisition of Hidden Road highlights its expanding institutional presence. The company stated,

Over time, Hidden Road will leverage the XRP Ledger to streamline parts of its post-trade operations, including FX, swaps, and repo markets, to reduce operational expenses and increase efficiency.

This acquisition will also integrate Ripple's stablecoin, RLUSD, as collateral across Hidden Road's products.

🚨 Breaking: 🇺🇸🇨🇳 US-China Tariff Tensions Ease, Bitcoin Jumps Past $105k 📊

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📈 Bitcoin ETFs Maintain Inflow Streak; Ether ETFs Experience Outflows

📊 Bitcoin ETFs have marked their fourth consecutive day of inflows, achieving a net gain of $5 million primarily driven by Blackrock’s IBIT, which attracted $69.41 million in new capital. Despite this positive momentum, other ETFs faced challenges; Grayscale’s GBTC experienced the largest outflow of $32.93 million, followed by Bitwise’s BITB with $17.73 million, Fidelity’s FBTC with $11.11 million, and Invesco’s BTCO with $2.54 million. Overall trading activity remained robust at $3.42 billion, bringing total net assets for all bitcoin ETFs to $119.67 billion.

📉 In contrast, ether ETFs returned to a negative position with $17.6 million in net outflows. This decline was primarily due to Grayscale’s ETHE, which lost $9.61 million, and Fidelity’s FETH, which saw $7.98 million exit. No inflows were reported across the nine ether ETFs, although trading volume was solid at $678.24 million, with total net assets closing at $8.46 billion.

🔄 As bitcoin ETFs cautiously continue their upward trend, ether funds are feeling renewed pressure. The future of this divergence remains uncertain, but for now, bitcoin ETFs maintain their streak.

🟢 XRP Market Analysis: Current Trends and Future Outlook

📉 XRP is currently trading between $2.54 and $2.57 with a market capitalization of $150.38 billion. Over the past 24 hours, it has seen a trading volume of $5.6 billion and an intraday price range between $2.52 and $2.63.

📊 On the 1-hour chart, XRP’s bullish momentum shows signs of exhaustion. After peaking at $2.651, the price action has been marked by consecutive red candlesticks and declining volume, indicating a potential short-term retracement. A bearish divergence suggests a cooling phase. Traders should watch support around $2.55–$2.57; however, a break below $2.54 may lead to a rapid test of the $2.50 level.

📈 The 4-hour chart presents a sustained uptrend but shows early signs of waning momentum. Price action following a large bullish candle has transitioned into a series of indecisive candlesticks. A notable upper wick rejection at $2.656 illustrates heightened selling pressure near that resistance. As long as XRP holds above $2.50, the medium-term bullish structure remains intact.

➡️ The daily chart analysis highlights a strong bullish breakout that recently propelled XRP past former resistance levels around $2.30. Key support levels now lie at $2.30 and $2.10. A strategic entry point for swing or position traders would be on dips toward the $2.30–$2.40 range; especially if volume confirms a bounce.

📊 The oscillator indicators provide a mixed outlook. The relative strength index (RSI) at 67.92130 and Stochastic at 84.12581 remain in neutral zones. The commodity channel index (CCI) at 180.06346 signals a potential sell. Meanwhile, the average directional index (ADX) at 21.30462 shows neutrality. Positive momentum is observed with the momentum reading at 0.41380 and the moving average convergence divergence (MACD) level at 0.09519.

📈 All moving averages continue to support a bullish stance. Both the exponential moving averages (EMA) and simple moving averages (SMA) for the 10, 20, 30, 50, 100, and 200 periods indicate bullish signals. This unified bullish consensus across moving averages underscores a robust trend continuation scenario.

XRP Lawyer Warns That Other Crypto Laws Unlikely To Pass If Stablecoin Bill Fails 🔍

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➡️ South Korea and EU Unite Against North Korea's Cryptocurrency Theft

⚡️ South Korea and the European Union have pledged to enhance their cooperation in combating global cyber threats, particularly focusing on North Korea's illegal cryptocurrency activities. This commitment was made during a cybersecurity policy dialogue in Seoul, where officials discussed the growing complexity of cyberattacks and the need for collaborative responses.

🗣 The talks were led by Youn Jong-kwon from South Korea's Foreign Ministry and Maciej Stadejek from the European External Action Service. They analyzed the increasing cyber threat landscape, specifically highlighting North Korea's cryptocurrency thefts, and agreed to strengthen their collaboration.

📌 The dialogue addressed strategies for improving cybercrime investigations, sharing intelligence across borders, and coordinating responses to attacks on financial infrastructure. Officials also talked about aligning their positions in international forums like the United Nations to support global cyber norms.

🌍 Both sides emphasized the importance of assisting developing countries in building their cyber defense capabilities and committed to maintaining an open and secure cyberspace.

🚨 The urgency of the issue has intensified due to ongoing attacks from North Korean-backed groups like Lazarus, which target crypto platforms. The parties involved stressed that their regular consultations on cyber policy would be crucial for addressing not only cryptocurrency theft but also a wider range of digital threats.

➡️ Recently, South Korean police arrested 25 individuals linked to a significant crypto scam that defrauded victims of approximately ₩734 million ($540,000) by impersonating crypto advisors. These groups operated fake call centers and crypto exchanges to deceive victims into making larger investments.

💰 Additionally, South Korean lawmaker Ha Tae-keung criticized the current administration's cybersecurity measures, claiming that North Korean hackers have stolen over $310 million in crypto assets from South Korean wallets since the UN reported $2 billion in cyber thefts in 2019. He called for a complete overhaul of the Korea Internet & Security Agency (KISA) and proposed making it a centralized agency under presidential control to strengthen national defenses against cyber threats.

With the bull market heating up, Sui is one to watch.

🚀 Explosive Growth: Market cap nears $15B; TVL passes $2B, thanks to scalability and low fees.

🧩 DeFi Momentum:
- Standout protocols include Suilend ($665M TVL), Navi ($500M), and Cetus ($200M).
- Native stablecoins (USDC, AUSD, etc.) enhance liquidity and capital efficiency.

🌍 Real-World Asset (RWA) Tokenization:
- Collaborations with Ant Digital and Franklin Templeton drive TradFi integration.
- Cboe and 21Shares explore SUI ETF products.

- ₿ BitcoinFi Potential:
- Supports BTC-based assets like LBTC and sBTC (10%+ of TVL).
- Up to 54% APR for Bitcoin yield strategies on Sui.

💳 Real-World Integration:
- Sui Mastercard launching via xPortal.
- Focused on real-world usability, not just on-chain metrics.

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➡️ Bspin: A Player-First Approach to Bitcoin Gaming

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📉 In contrast to traditional gaming platforms that penalize players during market fluctuations, Bspin offers Volatility Cashback. This feature provides built-in loss protection and up to 2x cashback for top-tier members during high-volatility periods, turning market chaos into a strategic advantage.

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🌐 Bspin is designed for players who value sovereignty and transparency in their gaming experience. With a focus on passive BTC rewards and volatility-based cashback, it provides a unique alternative to traditional online casinos. Players can start claiming free sats and explore BTC-only games at Bspin.