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Nearly five months after the US Treasury Department lifted sanctions against Tornado Cash, the federal agency has dropped its appeal against the crypto mixer. The latest play formally brings the long-drawn Tornado Cash lawsuit to a close, but key developer Roman Storm still faces a stiff legal battle. Coin Center And The Treasury End Tornado
The post Just In: US Government And Coin Center Agree To Drop Tornado Cash Lawsuit appeared first on CoinGape.
The post XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP? appeared first on Coinpedia Fintech News
XRP has regained market attention following the recent slash in Ripple’s penalty by the SEC. This has led to a rise in open interest for XRP, despite the overall market’s bearish sentiment. Several on-chain indicators have turned positive, suggesting that the current consolidation phase may be approaching its conclusion. Analysts anticipate a potential rebound in XRP’s price, led by increased accumulation around the $2 level.
XRP’s price has been struggling to confirm a clear direction, as buying and selling pressure intensifies around the $2 mark. This has led to a period of strong consolidation on the price chart. Data from Coinglass shows that XRP saw total liquidations of approximately $8.07 million over the past 24 hours, with buyers taking the bigger hit, facing $6.58 million in liquidations. While sellers closed around $1.49 million in short positions.
The accumulation rate is extending as analysts revealed that the accumulation phase for the XRP price has been longer than in previous cycles, indicating that the market may just be taking more time to develop. As XRP continues its consolidated momentum, whales are also increasing their holdings. This might create a strong upward push if XRP breaks above.
Also read: SEC vs Ripple Update: Motion to Temporarily Suspend Appeal Granted; What Next for XRP Price?
Additionally, recent positive developments regarding the SEC vs Ripple lawsuit have had a positive influence on XRP price. According to a Wednesday update from lawyer James Filan, Circuit Judge José Cabranes signed the court order on April 16, putting the appeal “in abeyance,” or on hold, by mutual agreement.
On the other hand, Brad Garlinghouse said Ripple might pay its settlement with the SEC using XRP and called the lower $50 million fine a big step forward. In an April 11 interview, he pointed out that crypto rules in the U.S. seem to be improving. Ripple had put aside $125 million for the case but will now keep most of that money.
As a result, the open interest jumped by 20% in five days, with the long/short ratio now at 1.1. This shows that 52% of traders expect XRP to rise.
XRP price has been hovering above the descending resistance line. However, buyers are struggling to send the price above EMA trend lines. As of writing, XRP price trades at $2.07, declining over 2.1% in the last 24 hours.
The 20-day EMA ($2.10) is flat, and the RSI is near neutral, signaling a balance between buyers and sellers. This hints that XRP price might continue to consolidate within a range-bound area. If the price falls below $2, bears may take control, potentially pushing XRP down to $1.62 or even $1.3.
On the upside, if buyers can move the price above the 50-day SMA and hold it there, XRP could climb toward the resistance line at $2.6. However, sellers are likely to defend that level strongly, as a breakout above it could indicate a trend reversal.
The post XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP? appeared first on Coinpedia Fintech News
XRP has regained market attention following the recent slash in Ripple’s penalty by the SEC. This has led to a rise in open interest for XRP, despite the overall market’s bearish sentiment. Several on-chain indicators have turned positive, suggesting that the current consolidation phase may be approaching its conclusion. Analysts anticipate a potential rebound in …
Crypto scams are surging as more people flock to digital currencies, with fraudsters exploiting the industry’s rapid growth to deceive investors.
Recently, numerous crypto users reported receiving fraudulent emails claiming that the Gemini exchange had filed for bankruptcy. Meanwhile, Coinbase Exchange has admitted that an employee illegally accessed user account information.
Multiple accounts highlighted the scam on social media, indicating that an email circulating falsely claims that Gemini has filed for bankruptcy. The email instructed users to withdraw to an Exodus wallet and provided a seed phrase.
These phishing emails, shared on April 1, urged recipients to withdraw their funds into a specified crypto wallet to protect their assets. This was an attempt to deceive users into transferring their cryptocurrencies to wallets controlled by scammers.
“Do not follow these directions. Please retweet to protect those that may have been doxxed and sent this email,” wrote Jason Williams, a contributor to Fox Business.
The deceptive emails alleged a substantial loss of $1.2 billion by Gemini Exchange. Understandably, some novice investors would heed this email and even move their assets to the address. After all, some victims of FTX Exchange contagion continue to pursue their funds even years after the incident.
“I got one also. It is better than your typical ‘Coin Base’ one, but still not quite there. Might fool a boomer though,” one X user remarked.
However, security experts advise users to always verify information through official channels, avoid clicking on unsolicited links, and refrain from sharing personal data. Gemini issued an official warning in response to the scam, acknowledging the threat against its users.
“We recently learned that some Gemini customers are being targeted with scam emails requesting users to transfer their crypto to outside wallets. Please be aware that Gemini will never request that you send crypto to outside wallets,” the exchange articulated.
Coinbase exchange acknowledged a privacy violation by one of its staff in a somewhat related development. Specifically, a customer service employee accessed user account information without authorization.
This breach has raised concerns about potential scams targeting Coinbase users. Mike Dudas, a crypto investor and co-founder at The Block, shared an email from Coinbase acknowledging the incident.
“That explains the fake Coinbase phishing emails and phone calls today,” he stated.
This breach coincides with reports of phishing attempts, as users have received fake emails and calls purporting to be from Coinbase. These incidents reflect a broader wave of crypto-related fraud.
Blockchain investigator ZachXBT reported that Coinbase users lost over $65 million to social engineering scams between December 2024 and January 2025.
“Coinbase did not detect it; I sent them the intel,” the blockchain investigated noted.
Additionally, crypto analyst Cobie suggested Kraken might be experiencing a similar issue. Per his post, a new attack may be budding, where attackers infiltrate customer service roles to exfiltrate data.
“Kraken also recently hit with this too. Maybe a new scheme from attackers (get a CS agent employee in, exfil data),” the analyst remarked.
Amidst these events, ZachXBT recently explained how to avoid crypto scams. He emphasizes the importance of conducting thorough research before engaging with new DeFi protocols, especially those forked from existing projects on newly launched EVM chains.
Additionally, he advises caution when dealing with projects with few credible followers, as these may indicate potential scams.
Therefore, it is imperative that users remain vigilant against sophisticated phishing scams and unauthorized data breaches.
The post Crypto Scams on the Rise: Gemini and Coinbase Customers Warned appeared first on BeInCrypto.
Trading activity has surged as the crypto market gears up for Friday’s White House Crypto Summit. Over the past 24 hours, the total crypto market cap has added $127 billion.
With renewed market interest, several altcoins are gaining investors’ attention today, including Ondo (ONDO), Toncoin (TON), and Bittensor (TAO).
RWA-token ONDO is one of today’s trending altcoins. It trades at $1.16 at press time, noting a 15% uptick over the past 24 hours.
On its daily chart, readings from its Elder-Ray Index reflect the bullis bias toward the altcoin. This indicator, which compares the strength of bulls against the bears, is above zero at 0.14.
When an asset’s Elder-Ray Index is positive, its bulls control the market. This indicates that buying pressure is stronger than selling pressure among ONDO holders. It also hints at a potential uptrend continuation as demand pushes the price higher.
If demand continues to soar, ONDO’s price could rally past its immediate resistance at $1.23 to trade at $1.57.
On the other hand, a resurgence in selloffs would invalidate this bullish projection. In that case, ONDO’s price could fall to $1.03.
Telegram-linked TON is another altcoin trending today. Interestingly, it has bucked the broader market uptrend to record a 0.14% price decline over the past day.
During this review period, its daily trading volume is also down 35%, reflecting the high selling pressure among TON holders. When an asset’s price and trading volume drop simultaneously, it suggests weakening market interest and reduced participation from buyers and sellers.
The trend indicates a loss of momentum in the TON market and hints at more price dips if demand continues to decline. In this scenario, the altcoin’s price could plummet to $2.82. If the bulls cannot defend this level, its price could drop to $2.18.
However, if sentiment becomes bullish and TON demand rockets, its price could reach $3.63.
The leading artificial intelligence-based token, TAO, is among today’s most searched altcoins. Amid the general market uptick, its value has also dropped by 1%.
At press time, TAO trades at $289.70, significantly below its Super Trend indicator, which forms dynamic resistance above its price at $414.10.
This indicator measures the direction and strength of an asset’s price trend. It appears as a line on the price chart, changing color based on the current market trend. When green, the market is in an uptrend, while red signals a downtrend.
As with TAO, when an asset’s price trades below the red line of its Super Trend indicator, it is in a bearish trend. This signals that selloffs outweigh buying activity among its market participants. If this continues, TAO’s price could fall to $234.
Conversely, if buyers regain market dominance, they could push TAO’s price toward $349.
The post Why These Altcoins Are Trending Today — March 6 appeared first on BeInCrypto.