Bitcoin continues to maintain its upward trend ever since the token has bounced off above the $75,000 mark. The price is currently consolidating around $95,000, flashing a possibility of a breakout, which could lead to further growth, but there is still a risk of a short-term correction. The current trade setup suggests the price has been closely accumulating below a crucial range for more than a week, which has resulted in a huge price action in the recent past. Now that the volatility has dropped significantly, can the BTC price trigger a breakout beyond the pivotal resistance at $96,200?
The BTC price is heading towards the end of the consolidation period as the token continues to remain stuck within an ascending triangle in the short term. The token has held the lower support firmly, hinting towards a potential breakout. Meanwhile, the technicals are turning bearish in the long term, which raises concerns over the stability of the rally.
After breaking from the wedge, the BTC price has reached an important resistance zone and, despite a decent upward pressure, has remained within the zone. However, the price has failed to test the 0.618 FIB at $96,200, which has now become a threshold to achieve. On the other hand, MACD shows a drop in selling pressure, and the levels are heading towards a bearish crossover.
This may raise alarms, as a drop below the POC zone between $94,000 and $94,675 may bring back the levels close to 0.5 FIB at $92,062. As long as Bitcoin is below 0.618 FIB and the POC on the volume profile, Bitcoin continues to remain in a bear market. Moreover, a Fair Value Gap has been formed around $87,000, which could be filled in the coming days. Hence, the market participants need to be vigilant as the Bitcoin (BTC) price volatility is expected to kick off during the monthly close.
The state of security across the crypto and blockchain space has changed significantly in the past few months. Traditional smart contracts exploited or brute force attacks on blockchain networks are being superseded by crypto scams like rug pulls and pump-and-dump schemes.
BeInCrypto spoke with a spokesperson from security firm CertiK to understand how blockchain and security threats are evolving and how projects and users can safeguard against future exploits.
Social Media Hacks on the Rise
Over the past few months, the crypto community has seen a rise in social media-related hacks. This increasingly common tendency has pivoted away from the orchestration of more sophisticated blockchain attacks that have traditionally plagued headlines.
Whereas smart contract exploits or blockchain hacks require more knowledge, hackers have found an easier avenue by targeting social media accounts instead.
X (formerly Twitter) has quickly become the social media platform of choice among Web3 hackers.
Social Media is Now a Prime Target for Web3 Hackers
After US President Donald Trump launched his meme coin only two days before assuming office, hackers began to take advantage of the hype to hack high-profile X accounts and convince followers to invest in scam meme coins.
Last month, anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote MALAYSIA, a fake meme coin promoted as the country’s official cryptocurrency.
The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Russian Evil Corp and that they stole $1.7 million in this rug pull.
The MALAYSIA token scam happened only two weeks after hackers exploited former Brazilian President Jair Bolsonaro’s social media account. In that instance, scammers promoted the BRAZIL token, which rose over 10,000% in minutes, netting the scammers over $1.3 million.
These scams have also affected technological companies.
Attacks on Tech Companies
In December, AI research and development company Anthropic also saw its X account hacked. A fraudulent post claimed that a fake token called CLAUDE would incentivize AI and crypto projects and included a wallet address for investors.
Attackers managed to collect around $100,000 from speculative investors.
These situations also highlight a broader issue of weak account security on social media platforms. As a result, even prominent individuals are susceptible to security breaches that directly affect the crypto community.
TRUMP Meme Coin Launch Was a Catalyst For Crypto Scams
“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Buterin claimed.
Buterin highlighted the tokens’ role in enabling scams and political corruption in crypto and blamed a regulatory loophole former SEC Chair Gary Gensler created for allowing bad actors to exploit governance tokens.
However, these crypto scams extend beyond political themes.
Growth of Social Engineering Exploits
A week after Buterin cautioned against political meme coins, a Coinbase user lost $11.5 million after falling victim to a social engineering scam on Base.
Crypto sleuth ZackXBT uncovered the exploit, pointing out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He also estimates that crypto scams of this nature have drained at least $150 million from Coinbase customers.
“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.
In social engineering scams, attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.
For CertiK, these situations stipulate the need for stronger security measures.
Addressing these security challenges is crucial as new crypto projects increase exponentially.
Prioritizing Proactive Security in a Rapidly Growing Industry
The Web3 sector is experiencing consistent growth, marked by a surge in new crypto project launches. This innovative momentum is expected to continue, but it’s also fueling security concerns.
Notably, the increasing rate of scams and hacks in the first three months of 2025 makes it clear that security efforts are struggling to keep up with innovation.
A study by Precedence Research estimates the Web 3.0 market will expand from USD 4.62 billion in 2025 to approximately USD 99.75 billion by 2034, with a projected compound annual growth rate (CAGR) of 41.18% during that period.
Predicted market size of Web3 in the next ten years. Source: Precedence Research.
Yet, CertiK believes that project developers are pushing security considerations toward the end of the priority list.
As the Web3 ecosystem evolves, a proactive and adaptive security approach is critical. Prioritizing both blockchain integrity and social media vigilance will be essential for safeguarding the growing Web3 ecosystem.
The battle against these exploits requires a future where security is not an afterthought but a foundational pillar of every Web3 project and user interaction.
Pi Network (PI) has been struggling to recover from recent losses. Despite attempts to push past the $0.71 resistance level, the altcoin is currently unable to gain significant upward momentum.
As of now, PI is sitting at $0.63, and its future movements remain uncertain. Investors are growing increasingly skeptical, with the recent mainnet migration roadmap failing to inspire enough confidence to stop outflows from the network.
PI Investors Pull Back
The Chaikin Money Flow (CMF) indicator has shown a sharp downtick in recent days, signaling that investor interest in Pi Network is waning. This negative sentiment is reflected in the substantial amount of money being pulled out of PI.
While the mainnet migration roadmap was expected to boost the altcoin’s appeal, it has not been enough to stop the ongoing outflows. The CMF reflects a broader trend of declining interest as investors pull their funds from the platform in anticipation of further price declines.
Pi Network’s investor sentiment has been notably negative over the past month. Many are questioning the value proposition of the token, particularly given its rapid loss of launch hype. This, combined with ongoing volatility and a lack of clear utility, has led to hesitancy in the market.
Investors are not seeing a compelling reason to hold onto their PI tokens, and this has fueled the continued sell-off.
Furthermore, with Pi Network’s price struggling to stay above the critical $0.61 support level, it is evident that market sentiment remains fragile. Without a significant catalyst, such as a strong use case or promising developments, Pi Network risks further price erosion. The absence of an optimistic outlook is pushing investors away.
Currently, Pi Network’s price stands at $0.63, holding just above the $0.61 support. However, the altcoin appears vulnerable, and there is a real possibility that it will fail to maintain this level. If outflows continue and PI falls below $0.61, it could experience a sharp drop to $0.51, erasing the gains made in April.
This potential drop would extend the losses for Pi Network, and the price may even approach $0.50. The rapid outflows and negative sentiment surrounding PI could lead to a prolonged downtrend if the altcoin cannot recover soon.
However, if Pi Network manages to hold above the $0.61 support, it could push toward the $0.71 resistance level. A breach of this level would signal a recovery and could help the altcoin recover some of its recent losses.
NFT News:- NFT market has seen significant downturn in Q1 2025. The total sales volume has dropped by 63% to approximately $1.5 billion.
As the NFT sales volumes keep sliding, a new partnership in the space is trying to bring something new for the users. The layer-2 blockchain, Mint, which connects global consumers with NFTs, has integrated data layer Noves.
For NFT builders, this means that NFT transactions would become human readable directly on-chain.
Noves is a leading blockchain data-layer provider which will now be integrated with Mint Blockchain—an Ethereum Layer-2 network.
The announcement was made via Noves’s official X account. The Noves-Mint partnership aims to elevate user clarity and safety by translating raw transaction data into plain English before execution.
What are the benefits of the Partnership for NFT Users
At the heart of this integration are three core features:
1. Human-readable NFT transactions. This will be done by converting opaque hexadecimal call data into succinct, understandable descriptions in plain english.
2. Pre-sign safety simulations: It will enable users to preview potential outcomes – including multicall and ERC-4337 wallet interactions -before committing gas.
3. Real-time on-chain pricing: This will provide up-to-the-second NFT valuations within transaction flows to prevent slippage and mispricing.
Instant clarity
Translate API turns raw calls into plain-English actions like “Minted [BC721 eNFT]” or “Claimed royalty,” so dashboards, wallets & explorers show meaning, not hex.
Technically, Noves’s Translate API serves as the translation engine. They parse blockchain events, function calls, and metadata URIs to generate human-friendly messages.
Mint Blockchain launched its mainnet in May 2024 and hosts over 100 dApps with 6 million+ wallets. It will embed these Noves tools natively into its SDKs and JSON-RPC endpoints.
Early adopters among Mint builders include emerging NFT marketplaces and DeFi dashboards. Many of these report that human-readable previews reduce transaction support inquiries by over 40% during internal testing.
First in the Market!
Wallets and block explorers have long offered post-hoc decoding. But this marks one of the first on-chain, protocol-level implementations of read-before-you-send clarity. Noves and Mint are embedding translation logic directly into transaction pipelines.
This will avoid reliance on third-party services—reducing attack surfaces and central points of failure.
With the declining market, this can come as a crucial step toward broader NFT adoption.
By demystifying transaction payloads, users can gain confidence in executing complex operations. This will be especially for those involving bundled calls, custom contracts, or layered DeFi protocols.
Declining NFT Market
Further, improved transparency is expected to boost Mint’s on-chain activity. It may also set a template for other Layer-2 networks seeking to differentiate via UX innovations.
The Noves–Mint partnership can also help in reducing user errors, curb phishing attacks, and foster trust in decentralized applications.
Thus, ass on-chain ecosystems grow ever more complex, bringing human readability to transaction flows can serve as a boost for the NFT market.
