π¨ Massive Bitcoin Theft Spikes Monero Price!
Around 3,520 BTC (~$330M) were suspiciously moved from a potential victimβs wallet, according to blockchain sleuth ZachXBT. π΅οΈββοΈ
The funds were split across six exchanges and heavily swapped for Monero (XMR) to obscure the trail, triggering a 50% surge in XMR price due to overwhelming demand and low liquidity. π
Full story: suspected theft + laundering frenzy fueled the sudden rally. π
Around 3,520 BTC (~$330M) were suspiciously moved from a potential victimβs wallet, according to blockchain sleuth ZachXBT. π΅οΈββοΈ
The funds were split across six exchanges and heavily swapped for Monero (XMR) to obscure the trail, triggering a 50% surge in XMR price due to overwhelming demand and low liquidity. π
Full story: suspected theft + laundering frenzy fueled the sudden rally. π
π6
π₯ Last week, the total net inflow into spot Bitcoin ETFs surpassed $3 billion β massive numbers comparable to the Bitcoin ETF buying frenzy after Trump's election victory! πΊπΈπ
Meanwhile, spot Ethereum ETFs saw a net inflow of $157 million over the same period. ETH interest is growing, but BTC remains the clear favorite among institutional investors! π
Meanwhile, spot Ethereum ETFs saw a net inflow of $157 million over the same period. ETH interest is growing, but BTC remains the clear favorite among institutional investors! π
π4
π Nike Faces $5M Lawsuit Over RTFKT NFT Shutdown π₯
Nike is in hot water! A class action lawsuit has been filed after the company shut down its NFT platform, RTFKT, causing its Nike-themed NFTs to lose significant value. π±
Buyers of these NFTs are accusing Nike of a "rug pull" and selling unregistered securities. The lawsuit claims Nike hyped the NFTs using its brand and marketing power, only for the platform to close, leaving investors with worthless assets. π
RTFKT, which Nike acquired in 2021, announced in December that it would wind down by January. The plaintiffs argue they never wouldβve bought the NFTs had they known the platform was shutting down.
The lawsuit is seeking over $5 million in damages, citing violations of consumer protection laws. βοΈ
Looks like Nike's NFT game just kicked a penalty! π
Nike is in hot water! A class action lawsuit has been filed after the company shut down its NFT platform, RTFKT, causing its Nike-themed NFTs to lose significant value. π±
Buyers of these NFTs are accusing Nike of a "rug pull" and selling unregistered securities. The lawsuit claims Nike hyped the NFTs using its brand and marketing power, only for the platform to close, leaving investors with worthless assets. π
RTFKT, which Nike acquired in 2021, announced in December that it would wind down by January. The plaintiffs argue they never wouldβve bought the NFTs had they known the platform was shutting down.
The lawsuit is seeking over $5 million in damages, citing violations of consumer protection laws. βοΈ
Looks like Nike's NFT game just kicked a penalty! π
π±5β€1
π Standard Chartered: Bitcoin's Headed to the Moon π in Q2!
Big banks are bullish! Standard Chartered says Bitcoin could hit $120,000 this quarter and skyrocket to $200,000 by end of 2025. π
Why? π
βͺοΈ Smart money fleeing U.S. assets
βͺοΈ Whales stacking sats π
βͺοΈ Massive inflows into Bitcoin ETFs π°
With U.S. markets wobbling, inflation heating up, and ETF capital shifting from gold to BTC, investors are saying: "In Bitcoin We Trust." π₯
Geoffrey Kendrick from the bank says the breakout is βimminent,β and past patterns suggest when BTC movesβit moves fast. β‘οΈ
Hold onto your wallets. The bull might be back in town. π
Big banks are bullish! Standard Chartered says Bitcoin could hit $120,000 this quarter and skyrocket to $200,000 by end of 2025. π
Why? π
βͺοΈ Smart money fleeing U.S. assets
βͺοΈ Whales stacking sats π
βͺοΈ Massive inflows into Bitcoin ETFs π°
With U.S. markets wobbling, inflation heating up, and ETF capital shifting from gold to BTC, investors are saying: "In Bitcoin We Trust." π₯
Geoffrey Kendrick from the bank says the breakout is βimminent,β and past patterns suggest when BTC movesβit moves fast. β‘οΈ
Hold onto your wallets. The bull might be back in town. π
β€1π1π₯1
πΌ MicroStrategy Just Can't Stop Buying Bitcoin! π§Ύ
Michael Saylorβs shopping spree continues:
πΈ Another 15,355 BTC scooped up for $1.42B at an average of $92,737 per coin! π³
As of April 27:
π Total holdings = 553,555 BTC
π° Total spent = $37.9B
π Avg. price per BTC = $68,459
When others dollar-cost average into coffee, Saylor DCAβs into digital gold. βοΈβ‘οΈπͺ
At this point, MicroStrategy isnβt a software company β itβs a Bitcoin ETF in disguise. π
Michael Saylorβs shopping spree continues:
πΈ Another 15,355 BTC scooped up for $1.42B at an average of $92,737 per coin! π³
As of April 27:
π Total holdings = 553,555 BTC
π° Total spent = $37.9B
π Avg. price per BTC = $68,459
When others dollar-cost average into coffee, Saylor DCAβs into digital gold. βοΈβ‘οΈπͺ
At this point, MicroStrategy isnβt a software company β itβs a Bitcoin ETF in disguise. π
π7β€1
Crypto soothsayer
πΌ MicroStrategy Just Can't Stop Buying Bitcoin! π§Ύ Michael Saylorβs shopping spree continues: πΈ Another 15,355 BTC scooped up for $1.42B at an average of $92,737 per coin! π³ As of April 27: π Total holdings = 553,555 BTC π° Total spent = $37.9B π Avg. priceβ¦
π Bitcoin Titans: Strategy vs. BlackRock
After yesterdayβs BTC shopping spree, Strategy now holds 553,555 BTC β just 20,000 BTC shy of overtaking BlackRock with its 573,869 BTC stash. π°
The Bitcoin heavyweight race is heating up! π₯
Will Strategy flip the king of asset managers next? Stay tuned... ππ₯
After yesterdayβs BTC shopping spree, Strategy now holds 553,555 BTC β just 20,000 BTC shy of overtaking BlackRock with its 573,869 BTC stash. π°
The Bitcoin heavyweight race is heating up! π₯
Will Strategy flip the king of asset managers next? Stay tuned... ππ₯
π2
π Pi Cycle Top Signals Potential BTC Peak at $155,400
According to the Pi Cycle Top indicator, a historically reliable on-chain metric, Bitcoin could reach a cycle peak of $155,400, provided it maintains a price above $91,400. π
This scenario assumes continued bullish momentum and stability above key support levels. With BTC currently hovering near this threshold, market watchers are closely monitoring for confirmation. π
While nothing is guaranteed, the indicator has successfully identified previous market tops β and investors are taking note. π°
According to the Pi Cycle Top indicator, a historically reliable on-chain metric, Bitcoin could reach a cycle peak of $155,400, provided it maintains a price above $91,400. π
This scenario assumes continued bullish momentum and stability above key support levels. With BTC currently hovering near this threshold, market watchers are closely monitoring for confirmation. π
While nothing is guaranteed, the indicator has successfully identified previous market tops β and investors are taking note. π°
π5π1
π Bitcoin Nearing the βDanger Zoneβ?
Historically, when over 90% of BTC holders are in profit, market euphoria kicks in β often right before major corrections.
Right now, 86.8% of coins are in profit β creeping closer to that emotional peak. π
Reminder: the last ATH at $109K came when FOMO buyers rushed in... even after ignoring BTC at $90K.
Caution: Euphoria may be closer than it looks. π¬
Historically, when over 90% of BTC holders are in profit, market euphoria kicks in β often right before major corrections.
Right now, 86.8% of coins are in profit β creeping closer to that emotional peak. π
Reminder: the last ATH at $109K came when FOMO buyers rushed in... even after ignoring BTC at $90K.
Caution: Euphoria may be closer than it looks. π¬
π3πΎ1
π’ Tether Confirms Gold-Backed XAUT Reserves Totaling 7.7 Tonnes
Tether has officially verified that its gold-backed stablecoin, XAUT, is fully collateralized by 7.7 tonnes of physical gold, corresponding to a market cap of $770 million as of Q1 2025. π°
π Each XAUT token is backed by 1 troy ounce of gold stored in secure vaults in Switzerland. Amid rising gold prices (+8% in the past month), XAUT reached a new all-time high of $3423. π
Tether emphasizes XAUT's position as the leading institutional-grade tokenized gold product in the market.
Tether has officially verified that its gold-backed stablecoin, XAUT, is fully collateralized by 7.7 tonnes of physical gold, corresponding to a market cap of $770 million as of Q1 2025. π°
π Each XAUT token is backed by 1 troy ounce of gold stored in secure vaults in Switzerland. Amid rising gold prices (+8% in the past month), XAUT reached a new all-time high of $3423. π
Tether emphasizes XAUT's position as the leading institutional-grade tokenized gold product in the market.
π7β€1
π Bloomberg: Which Crypto ETFs Are Likely Next?
Bloomberg Intelligence has released its 2025 forecast for the approval chances of crypto ETFs β and some altcoins are looking strong:
πΉ 90%+ chance: Litecoin (LTC), Solana (SOL)
πΉ 85% chance: Ripple (XRP)
πΉ 80% chance: Dogecoin (DOGE), Hedera (HBAR)
πΉ 75% chance: Polkadot (DOT), Cardano (ADA), Avalanche (AVAX)
With Bitcoin and Ethereum ETFs paving the way, altcoin-based ETFs may be closer than ever.
Bloomberg Intelligence has released its 2025 forecast for the approval chances of crypto ETFs β and some altcoins are looking strong:
πΉ 90%+ chance: Litecoin (LTC), Solana (SOL)
πΉ 85% chance: Ripple (XRP)
πΉ 80% chance: Dogecoin (DOGE), Hedera (HBAR)
πΉ 75% chance: Polkadot (DOT), Cardano (ADA), Avalanche (AVAX)
With Bitcoin and Ethereum ETFs paving the way, altcoin-based ETFs may be closer than ever.
π5π€·ββ1
π Ethereum may be undervalued, says Fidelity Digital Assets
According to Fidelityβs Q1 2025 report, several on-chain metrics suggest ETH is trading below its fair value β possibly offering a strong entry point.
π Key signals:
βͺοΈBTC/ETH ratio dropped to mid-2020 levels (0.13)
βͺοΈRecord 13.6M active ETH addresses (+74% in a week)
βͺοΈMVRV Z-Score at -0.18 = deep undervaluation zone
βͺοΈNUPL at 0 β market likely in a capitulation phase
βͺοΈAverage ETH entry price = $2,020, above current price
π‘ While short-term holders are selling, long-term investors are holding firm β just like in 2022, right before the rebound.π€
According to Fidelityβs Q1 2025 report, several on-chain metrics suggest ETH is trading below its fair value β possibly offering a strong entry point.
π Key signals:
βͺοΈBTC/ETH ratio dropped to mid-2020 levels (0.13)
βͺοΈRecord 13.6M active ETH addresses (+74% in a week)
βͺοΈMVRV Z-Score at -0.18 = deep undervaluation zone
βͺοΈNUPL at 0 β market likely in a capitulation phase
βͺοΈAverage ETH entry price = $2,020, above current price
π‘ While short-term holders are selling, long-term investors are holding firm β just like in 2022, right before the rebound.π€
π3
πΊπΈ Trump Media to Launch Its Own Token
Trump Media & Technology Group, the company behind Truth Social, plans to roll out a utility token for its platform.
π² The token will be used within Truth+, a new subscription service, to pay for monthly fees and access future ecosystem features.
This move aligns with the platformβs push to expand monetization and user engagement. π§
Looks like scamming retail with the TRUMP token wasnβt enough for Trump β now heβs thinking about launching a new one π
Trump Media & Technology Group, the company behind Truth Social, plans to roll out a utility token for its platform.
π² The token will be used within Truth+, a new subscription service, to pay for monthly fees and access future ecosystem features.
This move aligns with the platformβs push to expand monetization and user engagement. π§
Looks like scamming retail with the TRUMP token wasnβt enough for Trump β now heβs thinking about launching a new one π
π€5π1
π³ BlackRock is launching a tokenized version of its $150B money market fund on blockchain!
Ownership data will now be managed via a distributed ledger (DLT), aiming to simplify record-keeping and boost transparency.
One more step toward TradFi embracing on-chain tech π
Ownership data will now be managed via a distributed ledger (DLT), aiming to simplify record-keeping and boost transparency.
One more step toward TradFi embracing on-chain tech π
π5
β οΈ Phishing alert for Ledger users!
Scammers are sending physical letters pretending to be from Ledger, urging users to complete a βcritical security update.β
π© The letters look legit β with Ledger branding, support numbers, and even a QR code.
βοΈInside, users are asked to enter their seed phrase under threat of account restriction.
π Ledger has confirmed this is a scam. They never ask for recovery phrases.
π¦ Likely linked to the 2020 data leak affecting 270K customers. Stay alert β your seed = your funds.
Scammers are sending physical letters pretending to be from Ledger, urging users to complete a βcritical security update.β
π© The letters look legit β with Ledger branding, support numbers, and even a QR code.
βοΈInside, users are asked to enter their seed phrase under threat of account restriction.
π Ledger has confirmed this is a scam. They never ask for recovery phrases.
π¦ Likely linked to the 2020 data leak affecting 270K customers. Stay alert β your seed = your funds.
πΎ5
π Over Half of Tokens Launched Since 2021 Are Dead β CoinGecko
According to CoinGecko, out of nearly 7 million tokens listed on GeckoTerminal since 2021, more than 3.6 million are now inactive β that's 52.7% of all tokens with at least one trade.
πͺ¦ The peak of βtoken deathsβ came in 2024 and Q1 2025, with 1.8M dead tokens in just 3 months β nearly half of all failed projects over the past 5 years.
π₯ The surge is linked to market instability post-Trumpβs inauguration and tools like pump(.)fun, which made launching memecoins almost effortless.
π Many of these were low-effort projects that never saw serious trading. In short: the easier it became to launch tokens, the easier they died.
According to CoinGecko, out of nearly 7 million tokens listed on GeckoTerminal since 2021, more than 3.6 million are now inactive β that's 52.7% of all tokens with at least one trade.
πͺ¦ The peak of βtoken deathsβ came in 2024 and Q1 2025, with 1.8M dead tokens in just 3 months β nearly half of all failed projects over the past 5 years.
π₯ The surge is linked to market instability post-Trumpβs inauguration and tools like pump(.)fun, which made launching memecoins almost effortless.
π Many of these were low-effort projects that never saw serious trading. In short: the easier it became to launch tokens, the easier they died.
π6β€2
π Arthur Hayes: βBitcoin to Hit $1M by 2028β
At Token2049 in Dubai, Maelstrom CIO Arthur Hayes repeated his ultra-bullish call β $1,000,000 BTC by 2028.
π¬ βItβs time to go long everything,β said Hayes, citing expected U.S. money printing and rising liquidity as key drivers.
He compared todayβs market fears (Trump tariffs, Fed inaction) to Q3 2022 β just before a massive $2.5T liquidity injection. Hayes believes a similar wave is coming, this time fueled by hedge funds buying U.S. debt. π΅
Bottom line: More dollars = more demand for hard assets like Bitcoin.
At Token2049 in Dubai, Maelstrom CIO Arthur Hayes repeated his ultra-bullish call β $1,000,000 BTC by 2028.
π¬ βItβs time to go long everything,β said Hayes, citing expected U.S. money printing and rising liquidity as key drivers.
He compared todayβs market fears (Trump tariffs, Fed inaction) to Q3 2022 β just before a massive $2.5T liquidity injection. Hayes believes a similar wave is coming, this time fueled by hedge funds buying U.S. debt. π΅
Bottom line: More dollars = more demand for hard assets like Bitcoin.
π7
π Corporate Bitcoin Demand Surges in April
According to a new Bitwise report, institutional interest in Bitcoin is heating up β over 80,000 BTC were acquired by companies in April alone. πΌ
Notably, 15 new firms added Bitcoin to their balance sheets last month, signaling growing confidence in BTC as a treasury asset. As corporate adoption rises, supply on the open market continues to shrink.
According to a new Bitwise report, institutional interest in Bitcoin is heating up β over 80,000 BTC were acquired by companies in April alone. πΌ
Notably, 15 new firms added Bitcoin to their balance sheets last month, signaling growing confidence in BTC as a treasury asset. As corporate adoption rises, supply on the open market continues to shrink.
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β‘οΈ How much does it cost to mine 1 BTC around the world?
π Big gap in electricity costs! In Ethiopia, mining 1 BTC would cost just $2,000 β but only if they had enough hashpower. Cuba and Sudan follow closely with costs under $4,000.
πΊπΈ Meanwhile, the U.S. β home to the largest share of global mining β sees costs skyrocket to $107,000 per BTC.
π Thatβs why the Bitcoin price likely wonβt stay below current levels for long: unprofitable miners will simply shut down their rigs.π§
π Big gap in electricity costs! In Ethiopia, mining 1 BTC would cost just $2,000 β but only if they had enough hashpower. Cuba and Sudan follow closely with costs under $4,000.
πΊπΈ Meanwhile, the U.S. β home to the largest share of global mining β sees costs skyrocket to $107,000 per BTC.
π Thatβs why the Bitcoin price likely wonβt stay below current levels for long: unprofitable miners will simply shut down their rigs.π§
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