Eric Council Jr., 26, of Athens, Alabama, has been sentenced to 14 months in federal prison for his involvement in a cybercrime conspiracy. The case involved the hacking of the U.S. Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account. Eric Council Jr Sentenced to 14 Months According to a statement from federal authorities, Eric Council Jr conspired with others to gain access to the US SEC’s X account by carrying out a SIM swap. On January 9, 2024, a false post was published from the account, falsely claiming the SEC had approved Bitcoin Exchange Traded Funds (ETFs). Bitcoin’s price rose quickly by more than $1,000 before falling after the SEC confirmed the post was not legitimate. Eric Council Jr pleaded guilty in February 2025 to conspiracy to commit aggravated identity theft. U.S. District Judge Amy Berman Jackson sentenced him to 14 months in prison, ordered the forfeiture of… Read More at Coingape.com
As the Pi Network team releases security instructions for the Pi Wallet, Pi coin users have shared their frustration, stating their wallets show no Pi tokens despite following all migration instructions issued by the core team. The users have been complaining about this issue for a while, and have asked the team members to take
Elon Musk has commented on the recent X outage. Social media users complained of ‘Twitter down’ following another uptime issue. The world’s richest man revealed the cause of this outage and has affirmed his commitment to fixing these issues. Twitter Down: Elon Musk Breaks Silence On X Outage In an X post, Elon Musk revealed that the recurrent X outage issues resulted from a failover redundancy that should have worked but did not. He noted that they need to make major operational improvements, which have become evident with the uptime issues that users faced this week. Musk mentioned that he must be “super focused” on X/xAI alongside his other ventures. The world’s richest man also remarked that he is “back to spending 24/7 at work and sleeping in conference/server/factory rooms,” indicating that he will be taking a step back from his role at DOGE and focusing on his businesses. As… Read More at Coingape.com
Solana (SOL) is at a critical point after recently breaking above $150 and surpassing a major milestone of 400 billion total transactions.
On-chain activity remains strong, but momentum indicators like RSI and narrowing EMA gaps suggest bullish strength has started to cool. SOL is now trading near an important support level at $145.59, with both downside risks and upside opportunities in play.
Solana Network Surpasses 400 Billion Transactions
Solana just shattered a major milestone, surpassing 400 billion total transactions. The achievement comes during renewed momentum for SOL, with the price recently pushing above $150 for the first time since early March before facing a modest pullback.
On-chain activity remains strong, with decentralized exchange (DEX) volume surging to $21 billion over the last seven days—a 44% increase that keeps Solana firmly at the top of the leaderboard.
Solana has also seen an ecosystem explosion in the last year. Pump alone has generated over $75 million in fees over the past month, while heavyweight protocols like Raydium, Meteora, Jupiter, and Jito continue to generate millions in monthly revenue.
Momentum Cools for SOL as RSI Falls Sharply From Recent Highs
The RSI, a widely used momentum indicator, measures how quickly and strongly prices move over a given period. Readings above 70 signal overbought conditions, and below 30 indicate oversold territory. A level around 50 typically reflects a neutral stance, where buying and selling forces are more balanced.
The market is at a key crossroads with Solana’s RSI now hovering near 50.
If bullish pressure picks up again, the RSI could rise back toward overbought levels, paving the way for another leg higher. On the other hand, a continued drift lower could confirm weakening momentum, opening the door for a broader price correction.
SOL’s Bullish Setup Faces Test: Support or Breakout Ahead?
Solana’s EMA lines still signal a bullish setup, with short-term averages above long-term ones. However, the gap between them has narrowed compared to a few days ago, reflecting a loss of momentum.
Solana price is currently hovering near a key support level at $145.59—an area traders are watching closely.
