Category: News

The US Securities and Exchange Commission (SEC) has charged Ramil Palafox, a dual US-Philippine national, with orchestrating a $198 million crypto scam.

From January 2020 to October 2021, Palafox ran a Ponzi-style scheme through his company, PGI Global, defrauding many investors.

SEC Cracks Down on Massive Crypto Scam 

According to the press release, the regulator claims that Palafox raised about $198 million from investors globally. He promised them substantial returns from crypto and foreign exchange trading.

Nonetheless, the SEC alleges that Palafox misused over $57 million of the funds for personal purchases.

“As alleged in our complaint, Palafox attracted investors with the allure of guaranteed profits from sophisticated crypto asset and foreign exchange trading, but instead of trading, Palafox bought himself and his family cars, watches, and homes using millions of dollars of investor funds,” Associate Director of the SEC’s Philadelphia Regional Office Scott Thompson stated.

Furthermore, the company operated with a multi-level marketing (MLM) structure. Palafox attracted investors by claiming expertise in the crypto sector and offering an artificial intelligence (AI)-driven trading platform. Yet, both of these claims proved to be fraudulent.

The scheme eventually collapsed in 2021, resulting in significant financial losses for investors.

“The SEC’s complaint, filed in the US District Court for the Eastern District of Virginia, charges Palafox with violating the anti-fraud and registration provisions of the federal securities laws,” the press release detailed.

The SEC demands that Palafox return ill-gotten gains and pay civil penalties. The regulator has also asked for a permanent injunction to prevent Palafox from engaging in similar activities in the future. Additionally, the US Attorney’s Office has filed criminal charges.

Iranian National Charged for Running Dark Web Marketplace

Meanwhile, in a separate case, a federal jury indicted Iranian national Behrouz Parsarad for founding and operating a dark web marketplace. According to the US Office of Public Affairs, the Nemesis market facilitated the illegal sale of drugs, including fentanyl and other controlled substances. The marketplace was also involved in criminal activities like stealing financial data and distributing malware. 

Between 2021 and 2024, Nemesis processed over 400,000 orders. In addition to drug trafficking, Parsarad is also charged with money laundering for using crypto to conceal the proceeds of illegal activities.

“Nemesis users were not allowed to conduct transactions in official, government-backed currencies,” the press release read.

The accused now faces a mandatory minimum sentence of 10 years in federal prison, with a maximum penalty of life if convicted.

Previously, BeInCrypto highlighted that the FBI arrested Anurag Pramod Murarka for laundering over $24 million using the dark web. The cases highlight the US government’s intensified focus on regulating the cryptocurrency sector and combating cybercrime.

The post Crypto Scam Fallout: SEC Charges Ramil Palafox with $198 Million Fraud appeared first on BeInCrypto.

The saying “A rising tide lifts all boats” perfectly captures the current state of the crypto market, as Bitcoin’s rise has propelled altcoins higher. Among the beneficiaries are the crypto tokens within the SUI network.

BeInCrypto has analyzed three such SUI ecosystem tokens to watch this week and their potential for further gains.

Walrus (WAL)

WAL has experienced a notable 22% increase over the last 24 hours, now trading at $0.504. This surge is a result of heightened market volatility throughout the month.

WAL is attempting to break through the $0.505 barrier for the second time this month. If successful, it could continue its bullish momentum.

If WAL manages to break and sustain above $0.505, it could push toward the $0.547 resistance level. However, for a continued rise, investor confidence and stable market conditions will be crucial. A sustained rise beyond $0.547 could propel the SUI ecosystem token toward $0.600, further supporting bullish sentiment for the token.

However, if WAL fails to breach $0.505, it may fall back to $0.447. This would challenge the altcoin’s recent momentum and could potentially invalidate the bullish outlook. If the decline continues and the price slips below $0.447, WAL could drop further to $0.389, marking a significant setback.

DeepBook (DEEP)

DEEP has seen impressive growth, skyrocketing by 116% over the last 24 hours, now trading at $0.194. This surge makes DEEP the best-performing token in the SUI ecosystem. The altcoin is showing strong potential, targeting a break above $0.230 in the near future, suggesting a bullish outlook.

If DEEP successfully breaches $0.230, it would mark a two-and-a-half-month high, further solidifying its upward momentum. The altcoin could test $0.170 as support before pushing toward $0.304. This would indicate a sustained rally, with continued bullish sentiment and the potential to unlock further growth within the SUI ecosystem.

However, if market sentiment shifts and investors decide to take profits, DEEP could lose its support at $0.170. A drop below this level would open the door for a decline to $0.128. This would invalidate the current bullish thesis, potentially signaling the end of the rally and a substantial setback for the token.

Cetus Protocol (CETUS)

CETUS price surged by 38% over the past 24 hours, reaching a two-and-a-half-month high of $0.142. This substantial rise indicates strong momentum for the altcoin. At this point, CETUS aims to hold above $0.142, establishing it as a reliable support level for potential further gains.

The next major resistance level for CETUS is $0.150, a crucial barrier for the altcoin’s continued upward trajectory. Successfully breaking this resistance will solidify the SUI ecosystem token’s bullish outlook and help the token secure its recent gains. Positive market sentiment and sustained demand will play key roles in this potential breakout.

However, if CETUS fails to maintain the $0.142 support level, the altcoin could face a decline toward $0.131. Further losses may push the price down to $0.120, invalidating the current bullish scenario.

The post 3 SUI Ecosystem Tokens To Watch in the Forth Week of April 2025 appeared first on BeInCrypto.

Bitcoin (BTC) price is trading with a bullish bias, confronting the resistance at $94,000 with prospects for more gains. However, a renowned analyst says to temper Bitcoin rally hopes, citing a crucial indicator.

For a sustained rally, capital needs to enter the market consistently, as this provides the liquidity needed for further upside.

Lagging Stablecoin Indicator Threatens Bitcoin’s $100,000 Target

The Bitcoin price outlook was bullish on Wednesday during the early hours of the Asian session. Bullish technical formations, including the falling wedge pattern, hinted at further upside for the pioneer crypto.

As of this writing, Bitcoin was trading for $93,714, with up to 9% of a 20% potential rally still in the cards. The falling wedge pattern’s target objective is the 20% climb, determined by measuring the longest height of the wedge and superimposing it at the breakout point.

This bullish reversal is already in action after Bitcoin price flipped the critical resistance at $85,000 into support and converted the support zone into a bullish breaker.

Based on the daily chart above for the BTC/USDT trading pair, a daily candlestick close above $91,575 could set the tone for Bitcoin’s price to move further upside.

Increased buying pressure beyond the immediate resistance at $94,000 could see Bitcoin price eye $100,000 next. BTC could extend to the $102,239 target objective in a highly bullish case.

Technical indicators align with this outlook. The Relative Strength Index (RSI) is rising, recording higher highs, suggesting growing momentum. Its position below 70 indicates there was still more room upward before BTC was overbought and at risk of correction.

Similarly, the Awesome Oscillator (AO) histograms flashed green, indicating bullish control. Their position above the midline (in positive territory) adds credence to the bullish thesis.

However, 10x Research’s head of research, Markus Thielen, urges caution, citing the lagging stablecoin minting indicator.

“Given that our stablecoin minting indicator has yet to return to high-activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” Thielen wrote in the latest 10X research.

The stablecoin minting indicator refers to the issuance or creation of new stablecoins, such as Tether (USDT) or USD Coin (USDC). Stablecoin minting often signals capital entering the crypto market, and it can have several implications for Bitcoin’s price.

Among them are increased liquidity and confidence in the market as investors anticipate profitable opportunities. Both of these are signs of potential bullish pressure.

According to the analyst, the absence of strong stablecoin inflows “raises questions about follow-through.” Bitcoin’s rally to the $100,000 psychological level remains under threat.

It is worth noting that stablecoins are less significant as a leading indicator for Bitcoin’s price. Analysts cite other factors like institutional inflows via ETFs (exchange-traded funds) or Strategy (MSTR) purchases.

Nevertheless, if profit-taking commences, a candlestick close below the midline of the bullish breaker at $86,562 could reverse the trend. This could plunge Bitcoin back into consolidation below the crucial level of $85,000.

The post Analyst Says To Temper Bitcoin Rally Hopes As Stablecoin Minting Indicator Lags appeared first on BeInCrypto.

Bitcoin (BTC) reclaimed the $93,000 threshold during the early hours of the Asian session on Wednesday. The show of strength came after President Trump articulated his position about Federal Reserve (Fed) chair Jerome Powell’s replacement talks.

Over the past several months, the pioneer crypto has demonstrated increased correlation with broader economic and political issues. This suggests that macroeconomics is growing in influence on Bitcoin.

Trump Has No Intention To Fire Fed’s Powell

Barely a week ago, BeInCrypto reported that a Fed chair change was imminent. This was amid the economic strain caused by Trump’s Tariffs.

The report followed Treasury Secretary Scott Bessent’s announcement that the Trump administration was planning to interview candidates to replace Jerome Powell.

Reports of opposing views between Trump and Powell concerning interest rate cuts exacerbated the idea. On the one hand, Trump wants the Fed to cut interest rates to cushion Americans from the effects of the trade wars.

“The Fed would be much better off cutting rates as US Tariffs start to transition (ease!) their way into the economy. Do the right thing,” Trump wrote on Truth Social.

On the other hand, Powell insists on a cautious approach to monetary policy decisions, rejecting further interest rate cuts. The Fed also made significant downward revisions to its 2025 economic projections.

These opposing views fanned speculation that Jerome Powell’s job as Fed chair was at risk. In a recent development, however, Trump stated that he has no plans to fire Powell.

“I have no intention of firing him…I would like to see him be a little more active in terms of his idea to lower interest rates,” Reuters reported, citing Trump telling reporters in the Oval Office on Tuesday.

In the immediate aftermath, Bitcoin shattered past the $93,000 threshold. As of this writing, BTC was trading for $93,136, representing a surge of almost 6% in the last 24 hours.

Notably, there are about 13 months left in Jerome Powell’s tenure as chair of the Federal Reserve.

Bitcoin Benefits From Eroded Trust in Government

BitMEX founder and former CEO Arthur Hayes commented on the swift reaction to this topic on the Bitcoin price chart.

“Trump says he wants to fire JAYPOW – dollar dips, BTC rips Trump says he has no intention of firing JAYPOW – dollar rips, BTC rips some more,” Hayes quipped.

This comment highlights market sensitivity to political uncertainty in 2025. In hindsight, the US Dollar Index (DXY) recently dropped to a 3-year low, fueled by President Trump’s push to oust the Fed chair.

In tandem, Bitcoin rallied as investors viewed it as a potential hedge against a weakening dollar and inflationary pressures.

As Trump’s stances cause market volatility, fluctuations in the dollar are bullish for Bitcoin, reflecting its appeal as a hedge against traditional financial (TradFi) instability.

BeInCrypto reported this status in a recent US Crypto News publication, citing Geoff Kendrick, the Head of Digital Asset Research at Standard Chartered.

According to Kendrick, Bitcoin is increasingly seen as a hedge against TradFi and US Treasuries risks.

“I think Bitcoin is a hedge against both TradFi and US Treasury risks. The threat to remove US Federal Reserve Chair Jerome Powell falls into Treasury risk—so the hedge is on,” Kendrick told BeInCrypto.

Meanwhile, Nate Geraci, the president of the ETF Store, says Bitcoin is benefiting from the erosion of trust in governments and politicians, which is pushing people towards alternatives.

“Bitcoin is one of the biggest winners from events over the past several weeks IMO, at least from a philosophical standpoint. Further erosion of trust in governments and politicians will push people towards alternatives. Not saying that is good or bad, but think logically,” Geraci remarked.

The post Bitcoin Reclaims $93,000 After Trump Quells Fed Chair Jerome Powell Firing Talks appeared first on BeInCrypto.

Yesterday, Bitcoin exchange-traded funds (ETFs) saw significant inflows, marking the third consecutive day of net positive flows. 

With BTC now trading back above the $90,000 mark, signs point to renewed institutional interest, as major players appear to be piling back into the market after weeks of caution.

BTC ETF Inflows Jump 146% in a Day

On Wednesday, net inflows into US-based spot Bitcoin ETFs surged to $936.43 million, a 146% jump from the $381.40 million recorded the previous day. 

This also represented the largest single-day inflow since January 17, signaling a notable resurgence in institutional demand for BTC exposure.

Ark Invest and 21Shares’ ETF ARKB led the inflow charge, recording the highest daily net inflow of $267.10 million, bringing its total cumulative net inflows to $2.87 billion.

Fidelity’s ETF FBTC followed with a net inflow of $253.82 million. The ETF’s total historical net inflows now stand at $11.62 billion.

BTC’s Price Pumps, But Derivatives Traders Bet on a Fall

On the derivatives side, open interest in BTC futures has also climbed, reflecting the increased trading activity and speculative positioning as the coin attempts to stabilize above $90,000. 

BTC trades at $93,548 at press time, noting a 6% price surge over the past day. During the same period, its futures open interest has also risen by 16%. As of this writing, it stands at $67.19 billion, its highest level since January 24. 

When an asset’s price and open interest rise simultaneously, it signals strong conviction behind the move. It means more capital is entering the market to support the uptrend.

However, not all indicators point to bullish sentiment.

Despite BTC’s price surge over the past day,  the funding rate remains negative, suggesting that traders are paying a premium to short the coin in the futures markets. The coin’s funding rate is currently at -0.01%.

BTC’s negative funding rate means that shorts are paying longs to keep their positions open. This indicates that more traders are betting against BTC’s current rally and are anticipating a bearish reversal. 

Additionally, the put-to-call ratio leans bearish. This confirms waning investor confidence and expectations of downward price movement among BTC options traders.

With BTC hovering above a key psychological level and institutional inflows rising, the coming days could reveal whether this momentum holds.

The post Bitcoin ETF Inflows Hit 3-Day Streak: Smart Money or Bull Trap? | ETF News appeared first on BeInCrypto.

According to the latest reports from the Financial Times, Cantor Fitzgerald, a financial services company led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether, and Bitfinex to form a Bitcoin (BTC) investment vehicle with a scale of over $3 billion.

This initiative comes amid a recovery rally in BTC, which has seen notable gains over the past day.

Is Cantor Fitzgerald Trying to Replicate Strategy’s Bitcoin Success?

Financial Times, citing sources close to the matter, revealed that Lutnick’s special purpose acquisition company (SPAC), Cantor Equity Partner, raised $200 million in January. The money will fund the creation of a new firm named 21 Capital.

The cryptocurrency companies involved in the initiative are contributing large sums of Bitcoin to 21 Capital. Stablecoin giant Tether will contribute $1.5 billion worth of BTC. Meanwhile, the Bitfinex exchange will contribute $600 million, and SoftBank, the Japanese multinational investment firm, will provide $900 million. 

This brings the total Bitcoin contribution from the partners to $3 billion. Furthermore, the move also highlights SoftBank’s increased interest in the cryptocurrency space. 

“Masayoshi Son’s biggest Bitcoin bet yet,” VanEck’s Matthew Sigel noted on X.

The cryptocurrency investments will be converted into shares of 21 Capital at $10 per share, with Bitcoin valued at $85,000 per coin. In addition to the partner contributions, the SPAC plans to raise further funds through a $350 million convertible bond and a $200 million private equity placement to acquire additional Bitcoin.

“While the deal was likely to be announced in the coming weeks, it could still fail to materialise, and the numbers could change, the people cautioned,” FT wrote.

The initiative aims to emulate the success of the largest corporate holder of BTC, Strategy (formerly MicroStrategy). The firm has been acquiring BTC since 2020, amassing a total of 538,200 coins worth $50.14 billion at press time, according to SaylorTracker. The company holds an unrealized profit of approximately 39.8%.

Meanwhile, Bitcoin, the initiative’s centerpiece, has seen a significant recovery recently. As BeInCrypto reported earlier, the largest cryptocurrency surged past the $90,000 mark for the first time in seven weeks. Over the past day, it rose by 5.3% to trade at $92,862.

“You start to think that Bitcoin is rallying as a sound money store of value inflation hedge but the market gods have a sick sense of humor and it turns out it was just a cantor/softbank/tether MSTR 2.0 all along,” an analyst posted on X.

As the consortium moves forward, its success will likely depend on Bitcoin’s long-term performance and the broader regulatory outlook for cryptocurrencies.

The post US Commerce Secretary’s Son Leads $3 Billion Bitcoin Venture with SoftBank, Tether, and Bitfinex appeared first on BeInCrypto.

GoMining has introduced a competitive gaming league that ties real-world Bitcoin mining to clan-based competition. 

According to the project’s claims, Miner Wars now hosts more than 245,000 active Bitcoin miners and distributes a prize pool of 1 BTC every day. 

Gamifying Bitcoin Mining 

The new league builds on GoMining’s global infrastructure, which includes nine data centers and a combined capacity of 7.5 M TH/s. The game leverages established connections with leading US mining providers without relying on third-party facilities.

At its core, Miner Wars uses digital miners—tradeable NFTs that represent a share of GoMining’s industrial-scale hardware. 

Purchasing a digital miner allows users to commit terahashes to GoMining’s pools and receive proportional rewards when the network mines a new block. 

Those same NFTs serve as entry keys for Miner Wars rounds, which run 120–150 times daily. Each round mirrors Bitcoin’s block-creation protocol. When a new block appears on the blockchain, its hash determines the winning clan.

“Positioned at the intersection of digital mining and GameFi, Miner Wars has found a welcoming niche with a loyal and stable audience. It serves as a cross-platform gateway for the mining newcomers,” Mark Zalan, CEO of GoMining, told BeInCrypto. 

Clans that commit more terahashes have higher odds of securing the day’s Bitcoin reward, while in-game purchases and boosts add GOMINING token rewards and tactical variety. 

The GOMINING token was launched in 2022 as GMT, but later rebranded in 2023. After the new ‘clan league’ feature announcement today, GOMINING went up nearly 10%. Its daily trading volume also surged by nearly 35%, according to CoinMarketCap. 

Since its launch in September 2024, the game has attracted over 165,000 unique players and generated more than $58,000 in in-game purchases. 

Can Gamification Make Mining More Accessible? 

Crypto mining has always been a challenge for non-sophisticated and non-technical individuals. It’s always seen as a niche reserved for a specific community. 

However, gamifying Bitcoin mining transforms passive operations into interactive experiences that boost engagement and broaden participation.

Gamified platforms can decentralize mining by attracting diverse participants and encouraging broader hash-power distribution. They also serve educational purposes, teaching newcomers about mining economics and network dynamics through hands-on competition. 

As Web3 games are booming and attracting investor attention, gamification can democratize access to mining returns. 

The post GoMining is Turning Bitcoin Mining into League-based Competitive Gaming appeared first on BeInCrypto.

As CoinGecko celebrates its 11th anniversary, the company is marking the milestone with a fresh new look and an eye on the future. 

At Paris Blockchain Week, BeInCrypto sat down with Aimann Faiz, Head of Business Development at CoinGecko, to discuss the platform’s rebranding, evolving business model, and the state of the crypto market.

CoinGecko’s 2025 Rebranding 

April 7 marked the 11th anniversary of CoinGecko. It was 11 years ago that our co-founders TM Lee and Bobby Ong started CoinGecko as a side project. 

After 11 years, the market has grown a lot, and so have we, so we wanted to do our branding to reflect better who we are today and where we’re headed

The rebrand reflects our evolution as a company—we’ve introduced new products, expanded our reach, and felt it was the right time to rebrand as well as emphasize our core brand pillars: trustworthiness, ease of use, and empowerment. 

As part of the rebranding, we want to reinforce the key message to our users that CoinGecko is your crypto companion.

Moreover, I’ve been with the company for six years. The Gecko has also always scared me a little bit. So now it’s a lot friendlier.

We have two products: CoinGecko and GeckoTerminal. The two products also have their own mascots that are aligned with the two brands.

As for the rebranding, it’s more than just a refresh of our logos. If you look at it, it’s a bit sleeker now. We look a lot younger, more trendy, and… less geeky.  

It solidifies the fact that in 11 years, we’ve grown from what was a side project to something that’s trusted by millions of users

The rebranding doesn’t affect the business itself. The business remains the same. We focus on the marketing services that we extend to our clients and our API business.

All About CoinGecko’s Business Model

We attract many crypto enthusiasts to our website. Our business model is to capture the value from all visitors—we monetize this through banner ads, buttons, and content. 

We were inspired by BeInCrypto’s editorial content. At the same time, we also offer a crypto API service.

All the data, prices, and information about tokens on CoinGecko and GeckoTerminal are made available via the CoinGecko API. 

If you were attending Paris Blockchain Week, I dare say that our API powers 20-30% of the projects there. 

GeckoTerminal: Playground for Degens?

GeckoTerminal is our DEX aggregator, designed to serve a very different audience compared to CoinGecko. The tokens that you see on CoinGecko are curated. They go through an extensive evaluation and listing process.

On GeckoTerminal, we track data on-chain. While CoinGecko lists around 15,000 carefully curated tokens, GeckoTerminal dives straight into the on-chain world, currently tracking over 6 million tokens. 

It appeals to different types of users – GeckoTerminal is more for degens. Even the mascot reflects that energy—his name is Rex, and he proudly sports eyebags from too many late-night trading sessions.

The Future of Crypto and Mainstream Acceptance

We believe in a future where everything and anything will be tokenized.

The industry is now in very exciting times, especially with everything that’s happening in the United States, including Donald Trump coming into play and the US establishing a Strategic Bitcoin Reserve.

The industry always talked about mass adoption, and I personally think we’re at the cusp of that.

Also, I believe we’re on the right track towards onboarding the first billion crypto users. Sure, we’re going through a bit of a rough patch right now, but you have to go through the bad to get to the good. 

When I first entered the industry in 2019, Bitcoin was hovering around $8,000. Today, you’re looking at nearly a 1,000% return. That’s the beauty of it.

Funny story—when my family used to ask what I did, I’d hesitate to say I worked in crypto because of the negative stereotypes. It was always, ‘Oh, you’re in crypto? You must be some kind of scammer.’ But now, with more regulatory clarity coming in—whether that’s good or bad—it’s suddenly respectable. 

My family is like, ‘Oh, okay, you’re in crypto!’ Even my siblings, who once looked down on it, are now in the industry. 

I remember the first time they asked me to recommend a good hardware wallet – that was a proud moment, and I’ve actually got them Ledger wallets. 

It’s a real sign of the times, and I’m genuinely excited to see where things go in the next year—or the next five.

The Recent Market Turmoil

I’m a conservative investor, and I like it when things are red; it’s a signal that it’s time to buy. It’s the discount season. I was sharing with someone earlier that I think it’s all about your time horizons. If you’re looking at short-term gains, then yes, it can feel scary.

But I take the long view. Just look at how far we’ve come in the past six years—Bitcoin went from $8,000 to an all-time high of $107,000, Ethereum from around $150 to $4,800. 

The key thing is not to get greedy. Believe in the bigger picture and the future this industry is building.

Reflecting on Paris Blockchain Week 

This is our first time setting up a booth at a conference, so it’s very exciting and nerve-wracking. What makes it even more special is that it coincides with our anniversary and rebranding—so the timing couldn’t be better. 

It feels like the perfect moment to share our refreshed identity with the world.

More importantly, meeting our users, getting their feedback, and hearing what we can do better are incredibly valuable for us. We’re always building, but we want to make sure we’re building in the right direction. 

Many of the projects here are already our clients, but because Web3 allows us to work from anywhere, we often don’t get to meet in person. That makes events like this even more special. 

For instance, I just met Alena from BeInCrypto for the first time—even though we’ve worked together for six years! This is essentially about taking advantage of an opportunity to connect with our partners and friends. 

The post CoinGecko Turns 11: Aimann Faiz Talks Rebrand, Business Model, and Market Outlook appeared first on BeInCrypto.

Ripple has identified a critical supply chain attack on the XRP Ledger. This vulnerability doesn’t impact the entire Ledger, only DeFi wallets using the official xrpl.js package from NPM (Node Package Manager).

It’s unclear how much user money was compromised in this sophisticated attack, but Ripple claims that it deprecated the compromised packages. Several major DeFi wallets didn’t download this package, and no huge thefts have been reported yet.

Security Breach on the XRP Ledger

This XRPL breach was first identified by Aikido, a blockchain security firm. It found five suspicious updates to the xrpls.js package on Ripple’s NPM.

This is Ripple’s official software development kit, featuring more than 140,000 downloads weekly. Hackers installed a sophisticated backdoor into this package, enabling private key theft and wallet access.

A breach of this nature represents a dire threat to XRP, to the extent that Ripple CTO David Schwartz posted official warnings about it. Mayukha Vadari, a senior software engineer with the firm, also went into greater detail about the nature of this vulnerability.

The XRP Ledger itself is unaffected by this. The malware packages only affect services that use xrpl.js and upgraded to the malicious versions that were published less than 24 hours ago. Github remains safe, only npm was compromised.

Please avoid using any services that have… https://t.co/ySWcl50Pmf

— Mayukha Vadari (@msvadari) April 22, 2025

At first, this might seem like a small issue, as the breach didn’t directly harm the XRP Ledger (XRPL). However, this hack was propagated through Ripple’s official channels, exposing many users to harm.

To get a sense of the scale, DeFi wallets on XRPL currently hold about $80 million in user deposits. Accessing a tiny chunk of this sum would indeed be a huge theft.

NPM is the distribution system, and compromising a high-trust package in it creates a powerful attack vector—a supply chain attack targeting developers and infrastructure rather than end-users directly.

A compromised NPM package can affect thousands of apps. When an attacker injects malicious code, like a backdoor, into a popular NPM package, any application or developer that installs or updates that package unknowingly introduces the malware into its own environment.

The XRP Ledger Foundation confirmed that several major DeFi wallets were not exposed and further stated that it deprecated the compromised xrpl.js versions. It also plans to publish a full postmortem analysis.

Also, hackers managed to compromise the official library for DeFi protocols that wish to interact with XRP. A sophisticated operation like that could have consequences.

The post Hackers Target Ripple’s XRP Ledger in a Critical Supply Chain Attack appeared first on BeInCrypto.

Hedera (HBAR) is up more than 6% in the last 24 hours, showing renewed signs of strength across multiple technical indicators. Momentum is building, with the DMI suggesting buyers are starting to take control and the Ichimoku Cloud showing a clean bullish structure.

A potential golden cross on the EMA lines could further fuel the uptrend, opening the door for a breakout above $0.178 and possibly even $0.20. With sentiment improving and resistance levels in sight, HBAR is positioning itself for a key move after weeks of consolidation.

Hedera Signals a Potential Shift as Buyers Regain Momentum

Hedera’s Directional Movement Index (DMI) is showing early signs of momentum building, with its ADX rising to 16.27, up from 13.54 two days ago.

The ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong and sustained trend is forming.

With the ADX still under 20, HBAR isn’t trending strongly yet, but the recent increase points to a potential shift in momentum.

The +DI (positive directional indicator) is currently at 22.6 — up from 14.19 two days ago, though slightly down from 26.17 yesterday, and rebounding from 17.8 earlier today.

This shows buying pressure has picked up recently, even if there’s short-term fluctuation. Meanwhile, the -DI (negative directional indicator) has dropped to 13.24 from 17.54 yesterday, signaling weakening selling pressure.

Together, these movements suggest bulls are starting to take control, and if the ADX continues to rise above 20, it could confirm a strengthening uptrend for HBAR.

Hedera Maintains Bullish Momentum as Trend Structure Holds Firm

Hedera’s Ichimoku Cloud chart is currently flashing strong bullish signals. Price action is well above the Kumo (cloud), which indicates clear upward momentum.

The cloud has transitioned from red to green, signaling a shift in sentiment from bearish to bullish.

This transition often suggests that the current trend could sustain if no significant reversal emerges.

The Tenkan-sen (blue line) is positioned above the Kijun-sen (red line), reinforcing a short-term bullish bias. Additionally, the future cloud is sloping upward, hinting at continued strength ahead.

The Chikou Span (green lagging line) is also above the price candles and cloud, further confirming the alignment of all Ichimoku elements in favor of the bulls.

Unless the price breaks down below the Tenkan-sen or the cloud itself, the outlook remains positive.

Hedera Eyes $0.20 Breakout as Golden Cross Nears

Hedera’s EMA lines are showing signs of convergence, indicating that a golden cross could form soon — a classic bullish signal. If that happens, HBAR could break the resistance at $0.178, and if the uptrend continues, it may climb to test $0.20.

Should bullish momentum fully return, Hedera price could rise toward $0.258, marking its first move above $0.25 since early March.

On the downside, if HBAR fails to build momentum, it could retest support at $0.153.

A break below that level would weaken the structure and open the door to further losses, with $0.124 as the next major support.

The post Hedera (HBAR) Could Be Ready For A Rally According To These Indicators appeared first on BeInCrypto.