Earlier this week, Coinbase revealed a significant cyberattack and data breach. Being a leading crypto exchange, the breach has put the personal data of influential figures at risk. As per the latest reports, Sequoia Capital’s Managing Partner, Roelof Botha, is also among the high-profile victims, with hackers accessing sensitive information, including phone numbers and addresses. Reports also suggest that exchanges like Binance and Kraken have also faced similar incidents. Concerns are now being raised about potential security vulnerabilities and the exposure of other prominent individuals’ data. Coinbase Hack Exposes Sequoia Capital Botha’s Info According to a Bloomberg report on the Coinbase hack, critical data belonging to high-profile executives like Sequoia Capital’s Roelof Botha is now in the hands of perpetrators. The hack has raised concerns about the safety of prominent crypto industry leaders. Notably, Roelof Botha is a prominent South African-American venture capitalist who joined Sequoia Capital in 2003. He… Read More at Coingape.com
Bitcoin (BTC) price recently surged to a new all-time high (ATH) at $123,218 but faced a slight dip, trading at $117,500 today. The decline is likely owing to the anticipation surrounding the upcoming inflation data, as US CPI is expected to rise 2.7% Year-on-Year (YOY) in June.
Nevertheless, current investor behavior reflects ongoing optimism, but market conditions exhibit concern about a potential pullback.
Bitcoin Is Observing Support From the Spot Market
The spot volume has surged by 50% since July 9, indicating a strong interest in Bitcoin purchases. This increase is a sign that the rally isn’t solely driven by derivatives, as futures volume rose by 31.9%. These numbers point to a growing interest from spot investors, although both volumes remain below the 2025 year-to-date (YTD) averages.
The spot volume stands 23.4% under the YTD average, while futures are 21.9% under, showing that market participation is improving but remains relatively cautious compared to earlier this year.
Despite the positive uptick, investors are still hesitant. The slower volume growth, particularly in futures, shows a degree of caution from institutional and retail traders alike.
Looking at the macro momentum of Bitcoin, the IOMAP (In/Out of the Money Around Price) data reveals an important demand zone between $114,000 and $117,500. In this range, more than 189,590 BTC were bought, equating to over $22.3 billion.
This accumulation means that many holders bought at these levels and are unlikely to sell at a loss. This demand zone is crucial as it creates a cushion for Bitcoin’s price, making it less likely for the cryptocurrency to dip below this range. If the price approaches this level, it could trigger buying activity, reinforcing Bitcoin’s upward momentum and providing confidence to traders.
Bitcoin is currently trading at $117,209, down from its recent all-time high of $123,218. Despite this, the cryptocurrency has risen by about 9% since the start of the month.
The above-mentioned factors suggest that Bitcoin could rebound in the coming days. However, it may first drop to $115,000 before bouncing off this support level and pushing toward the $120,000 mark. This movement will likely follow the established market patterns.
However, market concerns are growing ahead of the upcoming U.S. inflation report, with expectations that the Consumer Price Index (CPI) will rise to 2.7% YoY in June, up from 2.4% YoY in May. This potential inflation increase could trigger monetary tightening, which may negatively impact risk assets like cryptocurrencies, leading to a possible dip.
As a result, Bitcoin could drop below $115,000 and even fall to $110,000. Such a decline would invalidate the current bullish thesis, suggesting a deeper market correction.
There’s been some confusion in the crypto world about whether the U.S. Securities and Exchange Commission (SEC) dropped its appeal against Ripple in March 2025. Let’s clear things up.
In a video from March, called Crypto in a Minute, Ripple’s Chief Legal Officer, Stuart Alderoty, spoke about the case. He said, “I feel good,” as he reflected on the years of legal battles condensed into 60 seconds.
Alderoty claimed that not only did the SEC drop its appeal against Ripple, but it also dropped all its enforcement actions against crypto companies in the U.S. He explained that the SEC finally admitted what Ripple and others had argued for years, that you can’t enforce laws without first clearly defining them.
“We never had clear laws or regulations for crypto in this country,” Alderoty said. “Now, we’re going to clean up the mess, leave the courtrooms behind, and work with Congress to build smart rules that protect consumers and allow innovation to grow.”
But Here’s What a Former SEC Lawyer Says
However, former SEC attorney James Farrell shared a different view on social media. He wrote, “The SEC still has not dropped its appeal. Both parties’ appeals are still alive (although stayed) today..”
What’s Really Happening?
To be clear, while the SEC’s appeal has been stayed (put on hold), it hasn’t been officially withdrawn. Both Ripple and the SEC still have active appeals in court.
The case isn’t over yet, but there’s growing hope that clearer crypto rules will soon be created in the U.S. Ripple’s legal team is staying involved in those conversations, aiming to help shape fair regulations for the industry.
The post Fact Check: Did The SEC Drop it’s Appeal Against Ripple? appeared first on Coinpedia Fintech News
There’s been some confusion in the crypto world about whether the U.S. Securities and Exchange Commission (SEC) dropped its appeal against Ripple in March 2025. Let’s clear things up. In a video from March, called Crypto in a Minute, Ripple’s Chief Legal Officer, Stuart Alderoty, spoke about the case. He said, “I feel good,” as …
XRP News : XRPL SDK Hit by Critical Backdoor Vulnerability
Aikido has flagged a critical vulnerability in XRPL’s JavaScript SDK (xrpl.js v4.2.1–4.2.4) that lets hackers steal private keys. Discovered on April 21, the compromised NPM packages had a hidden backdoor. The XRPL Foundation confirmed the breach and released version 4.2.5, urging all developers to upgrade immediately. The vulnerability doesn’t affect XRPL’s core codebase. Several projects like XRPScan and OpulenceX confirmed they’re unaffected. This is the latest in a string of supply chain attacks targeting the crypto industry, including failed attempts on Coinbase.
April 23, 2025 03:30:02 UTC
Bitcoin Dominance Today Hits 63.3%
Bitcoin dominance is currently at 64.38%, it’s near its highest since February but has been stuck below the key 64.34% weekly candle top for over 10 weeks. A breakout above 66% could trigger a massive altcoin flush, intensifying BTC’s lead. However, if dominance fails here, it might mark the beginning of altseason, with capital rotating into smaller-cap tokens. Altcoin Season Index remains low at 16/100, reinforcing the current “Bitcoin Season” narrative. Meanwhile, BTC trades at $92,007 with a $1.75T market cap.
Elon Musk recently shared a meme on X, warning people about crypto scams, joking that if a “hot girl” texts you about crypto, it’s likely a scam. His post, seen over 10.7 million times, highlights a common trick used by scammers—using fake profiles to lure victims. In 2023, crypto scams led to $3.9 billion in losses. Scammers often promise big profits and use fake websites or endorsements. Musk’s post is a reminder to stay alert and avoid shady crypto offers.
April 23, 2025 03:10:57 UTC
Elon Musk Tesla Earnings
Tesla reported a 71% drop in Q1 2025 profits, earning $409 million as revenue fell 9% to $19.3 billion. The company blamed weak demand on political backlash and global trade uncertainty. It pulled back its 2025 forecast and warned of near-term challenges. Despite this, Tesla confirmed plans to launch new, affordable models and a robotaxi by June. Analysts said the stale vehicle lineup and Musk’s political role have hurt the brand, with calls growing for him to refocus on Tesla.
April 23, 2025 02:25:13 UTC
Donald Trump Won’t Fire FED Chair Jerome Powell
Donald Trump said he won’t fire Fed Chair Jerome Powell, despite being frustrated over delayed rate cuts. Calling it the “perfect time” to slash rates, Trump urged Powell to act sooner rather than later. Though earlier he hinted at removing Powell, Trump clarified the controversy was overblown. The Fed has kept rates steady in 2025, prioritizing inflation control amid tariff-driven economic uncertainty.
April 23, 2025 02:25:13 UTC
Bitcoin Price Today In USD
Bitcoin Price today surged 5.61%, reaching $92,892.57 with a massive 24-hour volume of $56.38B, up 49.5%, and a market cap of $1.84T. Bulls pushed the price above the $92K resistance, with a sharp move testing the $94K zone and forming a high at $93,888. It’s now consolidating above the 23.6% Fib level from the $86,400 swing low. Interestingly, two wallets—likely a whale—shorted $74.5M in BTC at around $92.5K using 6x leverage, despite the bullish momentum.
The post Why Crypto Go Up Today? Shiba Inu Price, SUI Crypto, XRP News, Pudgy Penguins Crypto appeared first on Coinpedia Fintech News
April 23, 2025 03:38:55 UTC XRP News : XRPL SDK Hit by Critical Backdoor Vulnerability Aikido has flagged a critical vulnerability in XRPL’s JavaScript SDK (xrpl.js v4.2.1–4.2.4) that lets hackers steal private keys. Discovered on April 21, the compromised NPM packages had a hidden backdoor. The XRPL Foundation confirmed the breach and released version 4.2.5, …
