ZKsync’s official X (formerly Twitter) account was briefly compromised to promote a fake ZK token airdrop.
The fraudulent post claimed that every follower was eligible to claim a share of the initial token supply. It directed users to a suspicious link: “distribution-zksync.io.”
The post remained live for approximately 15 minutes before being deleted. As of now, ZKsync has not issued any public statement confirming the breach.
Despite the hack, there has been no significant immediate impact on the ZK token price, yet. However, further fallout could still materialize if user trust erodes.
Security experts warn users to remain cautious and avoid interacting with any unverified links related to token distributions.
This incident highlights the growing frequency of social media breaches targeting major crypto projects.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and watch this space. Analysts say the next big move for Bitcoin (BTC) may be closer than it looks. With technical signals flashing and macro forces shifting, analysts are starting to lean bullish.
Crypto News of the Day: Bollinger Eyes Breakout as Macro Tailwinds Gather
Bitcoin is drawing renewed attention from analysts, with John Bollinger, the inventor of the Bollinger Bands indicator, sounding the alarm for a potential breakout.
Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going.
Bollinger’s post suggests technical momentum is building, with macro and political developments aligning with bullish setups.
Nic Puckrin, founder of The Coin Bureau, believes the US Senate’s passage of Trump’s $3.3 trillion Big Beautiful Bill has set the stage for long-term Bitcoin gains despite markets not reacting immediately.
“Trump’s ‘Big Beautiful Bill’ has passed in the US Senate, but has failed to immediately ignite a significant crypto rally…But while markets are still digesting its implications, the long-term impact is clearly nothing but positive for Bitcoin,” Puckrin told BeInCrypto.
According to Puckrin, the bill will add trillions to the US debt load, which, as BeInCrypto reported in a recent US Crypto News publication, positions Bitcoin as a life raft. Puckrin says this could accelerate the decline of the US dollar.
“A depreciating dollar creates the perfect environment for Bitcoin,” he added.
In a recent US Crypto News publication, BeInCrypto reported that the dollar index (DXY) posted a multi-year low. This came amid its worst start to a year since 1973, with interest rate cuts back on the table.
Puckrin sees the environment shifting decisively in Bitcoin’s favor, acknowledging that once the liquidity floodgates open, even $107,000 per BTC would feel like a deep discount.
Bitcoin Price Resistance Holds, But Market Eyes $110,500 Break
Despite the growing bullish sentiment, Bitcoin remains locked in a tight trading range between $107,000 and $110,000. The pioneer crypto faces immediate resistance at $109,500.
However, that move quickly lost steam as the market’s momentum remained muted. While Bitcoin’s long-term bullish setup is intact, spot demand continues to lag.
The pioneer crypto’s price action reflects this tension between strong fundamentals and macroeconomic uncertainty.
“Spot demand has been waning in recent times… weighing heavily on market sentiment…Bitcoin’s broader technical and bullish market position has remained structurally intact,” said Shawn Young, Chief Analyst at MEXC Research, in a statement to BeInCrypto.
The upcoming US tariff deadline and the colloquial “Crypto Week” in Congress, where digital asset bills are set for debate, could inject volatility and act as breakout triggers.
According to MEXC, a clean move above $110,500, backed by volume, would “validate the bullish setup and pave the way for a potential push to make new highs.
If macro conditions align, the analyst predicts a play to $125,000 in Q3 for Bitcoin and even $140,000 by year-end. This is modest compared to what Standard Chartered predicted in a previous US Crypto News publication.
“These developments [Bitcoin ETF flows, corporate treasury buying, a potential announcement by President Trump of Fed Chair Powell’s early replacement, and passage of the US stablecoin bill] along with further evidence of broader sovereign interest, should push Bitcoin to a new all-time high of around $135,000 in and $200,000 in Q4,” Standard Chartered Head of Digital Assets Research Geoff Kendrick said in a statement to BeInCrypto.
Chart of the Day
The chart below shows the BTC/USDT trading pair in the one-day timeframe. With Bitcoin between the middle and upper Bollinger band ($111,019), this indicates a potential continuation of an uptrend.
A break above the upper band could see Bitcoin test the $111,800 all-time high (ATH), potentially establishing a new peak.
Technical indicators align with the 50-day Simple Moving Average (SMA), providing initial support at $106,584 (yellow strand).
Meanwhile, the volume profile (yellow bars on the side) suggests significant bullish momentum, with traders waiting to interact with the BTC price upon any drop, potentially as low as $100,000.
The Relative Strength Index (RSI) at 54.34 adds credence to the bullish thesis, showing more room for the upside before BTC is considered overbought.
Conversely, if Bitcoin drops below the midline of the Bollinger band ($106,456), it would signal a trend reversal, with a breakdown below the lower band ($101,893) likely exacerbating the downtrend.
However, BTC must drop below the 100-day SMA at $99,026 to confirm a trend reversal from the prevailing uptrend.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Registration is now open for one of the most exhilarating crypto trading tournaments
Bitget, the world’s leading crypto exchange and Web3 company, has officially opened registration for KCGI 2025, the most anticipated trading competition of the year, featuring a massive 6 million USDT prize pool, brand-new segments, and early-bird rewards that make joining early a winning move.
From team battles to bot duels, KCGI 2025 isn’t just a tournament — it’s a spectacle. This year’s edition takes competition to the next level with enhanced challenge modes, region-based leaderboards, and incentives for everyone from strategic captains to high-velocity newcomers. Whether you’re a pro with a polished strategy or a rookie with something to prove, the game is on. There is a spot with your name on it.
“Every year during KCGI we witness traders across the globe strategize, synchronize and innovate,” said Gracy Chen, CEO at Bitget. “There’s a lot of community and teamwork involved, KCGI is our way of showing gratitude to our top traders. That said, we’re excited to kick off this year’s competition with 6 million USDT up for grabs and a range of dynamic challenges ahead. We’re inviting our community to lead, win, and shape the future of trading.”
6 Million USDT Promotion Pool
This year’s 6 million USDT promotion pool is packed with surprises. Top-performing participants may unlock VIP experiences with Bitget partners. Those partners include LALIGA matchday access, MotoGP circuit passes, and other premium rewards that go beyond the charts. It’s not just about who trades best. It’s also about who dares to play big, lead boldly, and win in style.
KCGI 2025 introduces four high-stakes categories:
Team Battle – Form alliances, build your squad, and rise through the ranks together.
Copy Trading Showdown – Let your strategy do the talking, or ride with the best.
Bot Trading Competition – Code it. Launch it. Dominate the charts.
On-chain Arena – The ultimate test of decentralized skill and chain-savvy moves.
Early registrants unlock exclusive perks like trading bonuses, entry into mystery prize draws, and first dibs on team captaincy slots. Participants from over 100 countries are expected to join. Thus, it has not only become the largest KCGI yet but also the most global, collaborative, and competitive.
The official Team Battle segment begins July 24, but the smart money moves early. Traders who register now not only secure their seat, but they also set the tone for the event.
Get in early. Build your team. Shape the leaderboard.
KCGI 2025: This isn’t just trading, it’s a full-on battle with rewards.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.
Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
(@pseudotheos) May 12, 2025
