Crypto World
KuCoin criticized for helping ‘launder’ $9.5M from fake Ledger app
Blockchain investigator ZachXBT has linked a fake Ledger Live app to over 50 victims, who have lost a total of $9.5 million worth of crypto between them.
He traced stolen funds to KuCoin deposit addresses and called out the crypto exchange via Telegram and X.
Over 150 addresses tied to a known money laundering service were reportedly used to deposit stolen funds to the exchange.
App Store honeypot
Garrett Dutton of the band G. Love & Special Sauce initially drew attention to the fake wallet app, previously available on Apple’s App Store, when he took to X on Saturday to lament losing his retirement fund “in an instant.”
Dutton’s thread explains that he lost 5.9 bitcoin (BTC),worth approximately $440,000, after being “tricked” into entering his seed phrase into the app.
Read more: Thai police want Interpol to track alleged KuCoin money launderer
Around 12 hours after Dutton’s post, ZachXBT flagged nine transaction IDs which the sleuth claims show Dutton’s BTC being “laundered” via crypto exchange KuCoin.
Two days later, ZachXBT published a follow-up community alert to his Investigations Telegram group. It linked the fake app to “$9.5M stolen from 50+ suspected victims between April 7–13 across Bitcoin, EVM, Tron, Solana, & Ripple.”
The top three victims reportedly lost a combined total of $7.25 million in various cryptocurrencies.
KuCoin under fire
ZachXBT’s Telegram post also tied over 150 KuCoin deposit addresses to money laundering service AudiA6.
He also called out KuCoin on X, where he highlighted both these fake Ledger Live app-linked thefts and the recent Bitcoin Depot loss, accusing the exchange of allowing money launderers to “operate freely.”
Read more: Bitcoin Depot didn’t spot 50 BTC hack for three days, report
The exchange eventually replied to ZachXBT’s list of theft addresses in the Dutton case, 48 hours after it was posted. Other on-chain investigators have flagged addresses allegedly linked to scams who have deposited significant sums to KuCoin over recent weeks.
Just over two years ago, KuCoin and two of its founders were charged with flouting U.S. anti-money laundering laws.
Protos reached out to KuCoin, but it did not respond immediately, we will update this piece if we hear back.
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Market analysts say Bitcoin (BTC) is showing “renewed bullish momentum” after its 5% rally above $76,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving network activity.
Bitcoin price hits a 70-day high
Data from TradingView shows the BTC/USD pair rose over 5% on Tuesday to an intraday high of $76,120, levels last seen on Feb. 6.
The surge saw Bitcoin’s price reclaim key support levels, including the $75,000 zone where the 100-day exponential and simple moving averages converge.
“#Bitcoin surged above the $76,000 level, breaking above its March highs and signaling renewed bullish momentum,” analyst CryptoBlockto said in an X post on Tuesday.
The analyst pointed out that the next crucial resistance zone is $76,000 and that clearing it would confirm “a trend reversal and sustained upside momentum.”
From a technical perspective, Bitcoin is validating an ascending triangle after breaking above its upper trend line at $73,000 on Monday.
A daily candlestick close above the moving averages at $75,000 would confirm the breakout, with the next line of resistance being the psychological level at $80,000.
Above that, bulls could push the BTC price toward the triangle’s measured target of $89,050, 18% above the current price.
The daily relative strength index has increased to 63 from oversold conditions at 15 reached on Feb. 6, suggesting increasing bullish momentum.
“#Bitcoin is #trading within the horizontal supply zone of an ascending triangle pattern. The 100MA is also acting as a resistance barrier above the current price action,” analyst CryptOpus said in a recent X post, adding:
“A strong breakout above both the #pattern and the 100MA would confirm a #bullish rally in the market.”
As Cointelegraph reported, a close above $76,000 would complete a bullish ascending triangle pattern, clearing the path for a potential rally to $84,000.
Bitcoin’s transaction activity hits 17-month highs
The strength in BTC price is reflected in onchain activity, with Bitcoin’s daily transaction count rising by 62% in 2026 to 765,130 million on April 5.
This metric was last at these levels in November 2024, when the hype around the 2024 US Presidential Election pushed Bitcoin price above $100,000 for the first time in history.
“$BTC daily transaction count is higher than when $BTC was $120K,” analyst CW8900 said in an X post on Tuesday, adding:
“The network is showing bull market behavior.”
Bitcoin’s total fee volume has also climbed, increasing by 4% over the last week to $153,700, indicating “heightened onchain demand,” Glassnode said in its latest Market Pulse report, adding:
“This increase implies an uptick in network activity, potentially signalling a shift in user willingness to pay for transaction priority.”
Bitcoin’s increasing transaction count and fees mean that more users are interacting with the network. It suggests high network activity, which is often correlated with increased interest and market confidence.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Someone built a money-losing Polymarket bot that only spends money on “No” trades, i.e. bets that events won’t occur.
It is a little-known fact that approximately three-quarters of all Polymarket bets resolve to a No outcome.
Artist and former Apple researcher Sterling Crispin turned that statistic into a trading bot and open-sourced its code. He published the bot, dubbed Nothing Ever Happens, on April 12, warning his followers to watch the journey, but not to expect profits.
The announcement went viral.
“Why predict the future when 73.4% of all Polymarkets resolve as No?” Crispin wrote. “Stop over thinking it. Nothing Ever Happens.”
That number is pretty close. Polymarket’s own accuracy page put the resolution split at 73.3% No and 26.7% Yes across all resolved markets. In other words, the thesis does come straight from the platform, in a way.
Read more: Assassination markets are legal now but Trump doesn’t have to worry
Probabilities do not guarantee profits
However, knowing that three-quarters of outcomes resolve to No doesn’t necessarily produce a profitable strategy on its own.
Polymarket event contracts open for trading with built-in Yes and No contract prices, adjusted for other odds of an idiosyncratic event occurring.
Consider a No opening for trading at $0.75, for example, which return $1 on a win. That 2,500 basis point profit barely covers the 26.7% of the time the bet is likely to lose entirely.
Crispin appears to understand this. After the original post went viral, he acknowledged “this has to buy below $0.73 long term, the bot has a configurable ceiling set at $0.65 and checks for new markets buying closer to $0.50.”
A ceiling of $0.65 means the bot only buys when No is priced on Polymarket at or below 65%. It hunts for markets where the crowd hasn’t yet priced in the base rate likelihood of a No resolution.
The GitHub repository carries a disclaimer in bold italic: For entertainment only, use at your own risk.
A dashboard screenshot attached to the original post showed a portfolio of $2,859 mostly for demonstration purposes. The code repository has attracted over 400 stars and ships under a public domain copyright license.
Yet another bot losing money on Polymarket
On-chain analysis of 2.5 million wallets by researcher Andrey Sergeenkov found that 84.1% of wallets that have traded on Polymarket have lost money. Only 0.033% have earned more than $100,000.
The simplest possible strategy — to bet on No and walk away — outperforms most of the platform’s users.
Polymarket has leaned into the premise for media attention. Incredibly, the platform hosts a “Nothing Ever Happens” series of parlay markets.
These parlays bundle unlikely events (China invades Taiwan,bitcoin hits $1 million, Trump acquires Greenland) and let traders bet that none of them occur.
A 2026 annual edition carries $489,000 in volume with “Nothing” priced at 56%.
Unsurprisingly, the parlays haven’t paid off. The Jerome Powell Edition resolved to “No,” meaning something did happen. So did the US Strike Edition, after US military action met one of its trigger conditions.
Crispin isn’t a typical crypto trader. He describes himself as a conceptual artist and software engineer and previously spent years at Apple contributing to neurotechnology patents for the Vision Pro headset.
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Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital to scale Amplify, a modular platform designed to bring crypto yield, lending, and stablecoin issuance into a single, developer-friendly integration. The Amplify stack comprises three modules—Earn, Borrow, and Mint—built to help platforms convert idle digital-asset balances into revenue-generating financial services while offering a unified path for onboarding and deployment. In the project’s public announcement, Paxos described Amplify as a single SDK with configurable controls, with Paxos handling liquidity provisioning, counterparty vetting, and backend operations, and sharing a portion of generated revenue with integrating partners.
Early adopters include Aleo, Hyperbeat, and Toku, with Hyperbeat reporting more than $510,000 in assets under management since its April 9 launch. The funding round also featured participation from Robot Ventures, Maelstrom, and Uniswap. Paxos Labs operates as an incubated unit within Paxos, a firm that has processed more than $180 billion in tokenization volume for institutional clients, according to the company.
The Amplify initiative is aimed at platforms that already offer crypto custody or trading, seeking to turn passive digital-asset holdings into active, revenue-generating financial products through a streamlined, turnkey integration.
Key takeaways
- Amplify bundles Earn, Borrow, and Mint into a single developer SDK, enabling yield generation, crypto-backed lending, and branded stablecoins without multiple disparate integrations.
- The $12 million strategic round signals investor confidence in modular on-chain financial primitives, with Blockchain Capital leading and backers including Robot Ventures, Maelstrom, and Uniswap.
- Early traction from partners like Hyperbeat, which has accumulated over half a million dollars in AUM since its launch, suggests real-world demand for integrated yield and lending capabilities on user-held assets.
- The move sits within a broader industry push toward yield-bearing crypto products and a shifting regulatory backdrop that debates how such offerings should be overseen in the United States.
Amplify’s modular toolkit and how it works
Earn, Borrow, and Mint form a cohesive suite intended to unlock additional value from digital assets. Earn enables platforms to generate yield on user-held tokens, Borrow provides crypto-backed lending facilities, and Mint allows for the issuance of branded stablecoins. Paxos commits to liquidity management, counterparty vetting, and backend operations, while sharing a portion of the proceeds with integrating partners. The approach is designed to reduce integration complexity for exchanges, wallets, and other crypto service providers that want to augment their offerings without building each component from scratch.
According to the official announcement, Amplify delivers a single, configurable SDK that can be embedded into a platform’s existing stack. Paxos’ role as a liquidity and operational partner aims to streamline onboarding and improve risk controls, enabling tighter integration and faster time-to-market for new financial products tied to digital assets.
Backers, traction, and what it signals for the market
The round’s backers underscore strategic interest in enabling on-chain financial services through interoperable primitives. Blockchain Capital led the fundraising, with participation from Robot Ventures, Maelstrom, and Uniswap, highlighting a mix of traditional crypto-focused investors and prominent DeFi players recognizing Amplify’s potential to scale revenue opportunities tied to user-held digital assets.
Hyperbeat’s reported AUM of over $510,000 since its April 9 launch provides a tangible early signal of demand for yield- and lending-enabled products across partner platforms. Paxos’ longstanding activity in the asset-tokenization space—more than $180 billion in tokenization volume for institutional clients—underpins the credibility of a platform designed to connect custody, trading, and on-chain finance through a unified interface.
Industry context: yield, lending, and regulatory chatter
The Amplify announcement arrives amid a broader wave of platforms expanding beyond custody and trading into yield generation and lending for user-held assets. Notable moves include Kraken’s March integration of a structured products platform from STS Digital to offer options-based strategies on BTC and ETH, and Coinbase’s launch of a tokenized Bitcoin Yield Fund on its Base network to give institutions on-chain access to yield-bearing crypto exposure. In addition, both exchanges have begun offering yield on stablecoins, often by linking to on-chain lending markets.
Institutional-focused providers have also advanced lending against assets held in custody. For example, Anchorage Digital announced a collaboration with Kamino and Solana Company to enable institutions to borrow against staked SOL without moving assets, while Lombard and Bitwise Asset Management teamed up to offer yield and borrowing on Bitcoin through on-chain lending infrastructure.
Beyond product development, policy discussions remain active. The Digital Asset Market Clarity Act has grown as a framework proposal to regulate digital assets in the U.S., with industry observers weighing potential implications for yield-bearing products. The American Bankers Association has argued that permitting stablecoin yields could accelerate deposit outflows from smaller banks and raise funding costs, a tension that lawmakers and market participants continue to watch closely.
What to watch next for Amplify and the broader market
Amplify’s success will likely hinge on how quickly more platforms adopt the toolkit and scale deployments across custody and trading ecosystems. The combination of a streamlined SDK, managed liquidity, and revenue-sharing could lower barriers to offering on-chain yield and lending, potentially turning idle balances into recurring revenue streams for a broader slice of the crypto economy. Investors will be watching partner sign-ups, actual yield performance, and how regulatory developments shape the feasibility and design of these products as the market seeks to balance innovation with risk controls.
As platforms experiment with asset-backed lending, yield-bearing stablecoins, and branded on-chain instruments, the market will also assess counterparty risk, liquidity depth, and the sustainability of revenue-sharing models. The coming quarters should reveal whether Amplify’s modular approach translates into broader adoption and meaningful revenue uplift for platforms and their users.
Readers should keep an eye on announcements from Paxos Labs for new partner integrations, updates on liquidity arrangements, and any shifts in regulatory guidance that could impact the deployment of yield and lending features across the crypto ecosystem.
This article was originally published as error code: 524 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Bitcoin shot to a one-month high above $75,000 in early U.S. trading hours on Tuesday, now up 6% over the past 24 hours at $75,300.
The move is drawing increased attention from analysts, who told CoinDesk the level could mark a key shift in the market’s current rangebound structure.
“A clean break above $75,000 wouldn’t just be another move higher; it would represent a structural breakout from consolidation and likely shift the market into a new upward trend,” said Mati Greenspan, founder of Quantum Economics and a former senior market analyst at eToro.
Greenspan said the significance of going beyond the $75,000 level lies less in a brief move about it and more in whether bitcoin can sustain those gains.
“The key question isn’t whether we briefly trade above $75,000, but whether we can hold it,” Greenspan said, noting that acceptance above that threshold would signal strength and draw in new capital.
A downside would be limited anyway
However, he said, a failure to hold would risk turning the move into a bull trap, though the broader market structure remains strong. He also believes that even in a negative scenario, the downside would likely be limited because of existing established support. “If it doesn’t hold, then we still have strong support at $65,000.”
Kevin Murcko, a crypto analyst and founder and CEO at crypto exchange Coinmetro, said round-number levels like $75,000 can act as focal points for market participants and could create supply as investors who recently entered positions look to take profit.
“Traders, especially those that aren’t that experienced, generally trade around round numbers,” Murcko said, adding that levels such as $25,000, $50,000 and $75,000 tend to draw in buying and selling interest.
Whether bitcoin can move decisively beyond that level will depend on the broader backdrop at the time, including the news flow driving markets, Murcko said.
“In most cases, if we see news pushing price to around $75,000, that same momentum can push it past,” Murcko said, emphasizing that price levels alone are less important than the balance between supply and demand and the strength of buying pressure.
BTC could rise to $85,000
Han Tan, chief market analyst at Bybit Learn, said bitcoin is now re-entering a key battleground between bulls and bears, with the $75,000 region acting as a strong resistance in recent weeks.
He believes a meaningful break above that level would draw sidelined buyers back into the market and potentially clear the path upward to the mid-$80,000 level. However, Tan said such gains would likely depend on a supportive macro backdrop, including easing geopolitical tensions and continued ETF inflows.
Other analysts, however, believe $75,000 may be more of a psychological milestone than a genuine structural pivot.
Dessislava Ianeva, an analyst at Nexo Dispatch, said that while a move above $75,000 could draw in momentum buyers, stronger confirmation would come at higher levels.
She said, “$75,000 is psychologically significant, but $79,000 is the level that matters structurally,” pointing to the 100-day moving average and a prior rejection zone. Ianeva also said a sustained move above roughly $74,000 on a daily closing basis would provide an early signal that the breakout has “structural legs.”
The market intelligence research analyst noted that current market positioning appears relatively stable, reducing the likelihood of a sharp reversal. Funding rates remain muted, and bitcoin has absorbed recent selling pressure, including exchange-traded fund (ETF) outflows, without breaking lower, a behaviour that is not typical of a market on the verge of a major pullback.
U.S. Spot bitcoin ETFs did not see inflows until March, when these investment instruments recorded $1.32 billion in net inflows, ending a four-month outflow streak.
Altering how bitcoin behaves
Broader structural changes in the market may also be altering how bitcoin behaves during the current cycle, according to Jason Fernandes, a market analyst and AdLunam co-founder.
“Bitcoin isn’t trading like a purely retail-driven cycle,” Fernandes said, citing persistent ETF inflows, reduced free float and stronger holder cohorts.
Fernandes said that while BTC can still see sharp downside moves during liquidity shocks, it tends to recover based on expectations around central bank policy and liquidity conditions, often ahead of traditional risk assets.
“Rising oil prices and geopolitical stress keep inflation expectations elevated and delay policy easing,” he said. “That tightens financial conditions in the short term, but once real yields roll over or liquidity stabilizes, crypto tends to reprice quickly and generally ahead of traditional risk assets.”
The XRP Ledger added native support for zero-knowledge (ZK) proof verification by integrating with Boundless, a ZK proving network, in what the company claims is the first deployment of its kind on the ledger.
The move is designed to let financial institutions transact privately on the public blockchain while meeting regulatory requirements.
It addresses a specific barrier to institutional adoption that has persisted across every public blockchain. Transaction flows, treasury positions, and counterparty relationships are visible by default on public ledgers. For a bank settling cross-border payments or a fund managing OTC positions, that transparency creates competitive risk.
Zero-knowledge proofs solve this by allowing one party to prove a statement is true without revealing the underlying data. It’s like passing a credit check, where the bank confirms an individual qualifies for a loan without telling the lender specifics about income, debts or account balance.
In practice on XRPL, this means a payment can be verified as valid, correctly funded, and compliant without exposing the amount, the sender, or the receiver to the public ledger.
XRPL already has institutional traction that most layer-1 blockchains do not. SBI Holdings in Japan, Zand Bank in the UAE, Archax in the U.K. and Guggenheim Treasury Services in the U.S. all use the network.
More than $550 million has been deployed into XRPL ecosystem initiatives. The connection to Boundless gives those institutional users a path to privacy they did not previously have on the ledger.
The timing is notable given the broader conversation around blockchain cryptography this month.
Google’s quantum computing paper forced every major chain to evaluate its cryptographic assumptions. ZK proofs are built on different mathematical foundations than the elliptic curve cryptography that quantum threatens, and several ZK proof systems are already considered quantum-resistant or can be upgraded to post-quantum constructions more easily than traditional signature schemes.
Adding ZK infrastructure now positions XRPL to build on cryptographic foundations that may age better than the ones the quantum debate is focused on.
The payments-focused blockchain plans to expand its validator set with additional partners as it progresses toward fully permissionless validation.
Payments-focused blockchain Tempo has added Visa, Stripe and Zodia Custody by Standard Chartered as its first external validators, the network announced on Tuesday.
The trio collectively process trillions of dollars in payments each year across nearly every country. Their validator nodes are responsible for verifying, sequencing and finalizing transactions on the network, bolstering operational resilience for stablecoin-based settlements.
Visa’s node was configured and managed entirely in-house following six months of collaboration with Tempo’s engineering team, according to a press release from the payments giant. The company is serving as an “anchor validator” during this initial phase.
“We’ve spent years building our expertise in blockchain, and now we’re expanding that work by running critical blockchain infrastructure ourselves,” said Cuy Sheffield, Visa’s head of crypto.
Validators on Tempo are rewarded in stablecoins for serving as “lead validators” who package transactions into blocks. Visa also serves as a Super Validator on the Canton Network, making it one of the very few traditional payments firms running blockchain infrastructure across multiple chains.
Tempo said it plans to continue expanding the validator set with additional partners as it progresses toward fully permissionless validation.
Institutional Momentum
The validator additions cap a rapid buildup for the Ethereum-compatible Layer 1, which was first reported in August 2025 before Stripe and Paradigm officially unveiled the project the following month.
Tempo raised $500 million in a Series A led by Thrive Capital and Greenoaks in October 2025 at a $5 billion valuation, launched its public testnet in December with partners including UBS and Kalshi, and went live on mainnet in March alongside the Machine Payments Protocol, an open standard for AI agent-to-service payments co-authored with Stripe.
Still, Tempo faces skepticism from decentralization advocates who question whether a corporate-backed L1 can deliver on its permissionless promises. Whether onboarding institutional validators satisfies those concerns or reinforces them will depend on how quickly Tempo opens participation beyond its hand-picked partners.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Solana price is at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle formed on the daily chart over the past two months continues to compress price action toward its apex. A daily MACD bullish crossover has now printed inside the pattern, adding a momentum signal to a setup that traders and analysts are watching closely for directional resolution.
Summary
- Solana price is trading at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle forms on the daily chart with converging trendlines connecting the February highs near $110 and the February lows near $67.
- The daily MACD (12,26,9) has printed a bullish crossover with the histogram positive at 0.45, confirming improving momentum inside the triangle while both lines remain below zero.
- A triangle breakout above the SMA 50 at $85.61 opens a path toward $98.42; a daily close below $80 invalidates the bull case and exposes the lower trendline near $76.
Solana (SOL) price is trading at $83.37 on April 14 with 24-hour volume of $6.28 billion, as a symmetrical triangle tightens on the daily chart. The pattern has been compressing price since mid-February, with the upper descending trendline connecting the February highs and the lower ascending trendline running from the cycle lows. The MA ribbon sits entirely above price: SMA 20 at $82.74, SMA 50 at $85.61, SMA 100 at $98.42, and SMA 200 at $129.44, all acting as sequential overhead resistance. The MACD crossover inside the triangle narrows the window before a directional resolution is forced by the apex.
The symmetrical triangle on the daily chart is defined by two converging trendlines that reflect a standoff between sellers applying progressively lower resistance and buyers establishing a higher floor from the February lows. The pattern has been building since mid-February, with price oscillating inside the boundaries through the Iran-driven volatility in March and into April. Price is now within striking distance of the apex, where a breakout or breakdown is typically accelerated by the energy stored in the compression.
The MACD (12,26,9) has printed a bullish crossover inside the triangle, with the MACD line at -0.72 crossing above the signal at -1.16 and the histogram expanding to a positive 0.45. Both lines remain below zero, which limits the strength of the signal, but the expanding positive histogram confirms that sellers are losing control of momentum. Symmetrical triangles resolved with a MACD crossover in the direction of the breakout have historically carried higher follow-through rates than pattern breakouts occurring on flat momentum.
A CoinMarketCap markets update on April 14 noted that analysts see $108 as the next major target for SOL if momentum holds above $87, with bulls defending the $80 structural floor. The same update flagged Solana’s total economic activity reaching $1.1 trillion in Q1 2026, a 6,558% increase from the prior quarter, as evidence that the network fundamentals are decoupled from the current price structure.
Key Levels: Support, Resistance, and Price Targets
The SMA 20 at $82.74 is the immediate support and the level price must hold on a daily close basis to avoid slipping into the lower trendline near $80. A daily close below the lower trendline near $76 would break the ascending floor of the symmetrical triangle and shift the bias decisively bearish.
On the upside, the SMA 50 at $85.61 is the immediate resistance and the level a confirmed triangle breakout must clear on a daily close basis to attract follow-through buying. A close above $85.61 opens $98.42 as the next resistance, where the SMA 100 sits. The extended bull case, consistent with the symmetrical triangle measured target using the pattern’s widest point, points toward $108 to $110.
Invalidation: a daily close below $80.
On-Chain and Market Data Context
Solana open interest stands at $5.01 billion per Coinglass, with futures volume reaching $10.98 billion in the past 24 hours. The elevated futures volume relative to spot activity of $630 million confirms that derivatives participants are the dominant force at the current price level, and the symmetrical triangle breakout direction is likely to be amplified by a cascade of positions on the wrong side of the move. Approximately $8.1 million in Solana futures positions were liquidated in the same 24-hour window.
Bloomberg Intelligence analyst James Seyffart noted in March that roughly 30 institutional investors had accumulated approximately $540 million in Solana ETF exposure, led by Electric Capital and Goldman Sachs, providing a structural demand floor at current levels even as price action remains technically compressed.
If Solana holds $82.74 on a daily close basis and the MACD histogram continues to expand, a test of the SMA 50 at $85.61 becomes the nearterm base case. A confirmed daily close above it would trigger the symmetrical triangle breakout and open $98.42 as the primary target, with $108 as the extended objective.
Avalanche is moving beyond finance and into outer space, with a new network designed to verify telescope data in real time.
SkyMapper has introduced a dedicated Avalanche-based network that cryptographically records observations from telescopes around the world, turning each data point into a secure, verifiable digital record.
The new network, SkyMapper L1, collects data from a wide range of telescopes and sensors around the world and turns each observation into a secure digital record. The company calls this a “Proof of Space Observation” (POSO) — essentially a way to prove that a specific event in the sky was actually seen, when it happened, and that the data hasn’t been altered. These verified records can then be used by scientists, businesses or government agencies that need reliable space data.
The SETI Institute, known for its search for extraterrestrial intelligence, is contributing live observational data, marking one of the first production-scale integrations of institutional science into a blockchain-based verification system.
SkyMapper’s pitch centers on a growing problem: the explosion of data from satellites, drones and space missions, and the difficulty of verifying that data hasn’t been altered or misattributed. The team argues that blockchain can help solve this by creating a permanent, tamper-resistant record of each observation that anyone can independently verify.
The system works by validating observations at the moment they are captured. When a telescope in the network records an event — such as a satellite pass or deep-space signal — the data is immediately cryptographically signed, effectively creating a unique fingerprint tied to that device. The observation is then time-stamped and transmitted through SkyMapper’s infrastructure.
Instead of keeping all the data in one central database, SkyMapper spreads it across a decentralized storage network. At the same time, it saves a kind of digital fingerprint of that data on the Avalanche blockchain. This fingerprint means anyone can later check it to confirm the data is real and hasn’t been changed.
The network uses smart contracts to check incoming data, organize it, and control who can access it. Some information — like sensitive government or defense data — can be kept private, while other data, such as scientific research, can be shared openly.
The result is a system where each observation can be independently verified: users can check when and where it was recorded, confirm it hasn’t been tampered with, and trace it back to its source.
“We’re building blockchain infrastructure for real-world impact,” said Emin Gün Sirer, founder and CEO of Ava Labs. “SkyMapper’s work anchoring observatory data on Avalanche shows how this technology can transform science, providing tamper-proof, verifiable telescope records.”
Read more: FIFA Teams Up With Avalanche to Build Its Own Blockchain, Expanding Web3 Ambition
World Liberty Financial’s WLFI token risks dipping 20% in April, according to a mix of convincing technical and fundamental indicators.
Key takeaways:
Bear pennant hints at WLFI dip in April
As of Tuesday, WLFI was consolidating inside a classic bear flag, a continuation pattern that typically forms after a sharp decline.
In technical analysis, a bear flag typically resolves when the price breaks below the lower trendline alongside rising trading volumes and falls by as much as the structure’s maximum height.
Applying this classic rule to WLFI’s chart brings its measured downside target to around $0.066 in April, down about 20% from the current price levels.
Conversely, a break below the upper trendline risks invalidating the bear flag setup, with the 20-day (green) and 50-day (red) exponential moving averages (EMAs) at around $0.081 and $0.085 serving as primary upside targets.
Insider activity, token unlock fears add pressure
Beyond technicals, WLFI faces mounting scrutiny that continues to weigh on sentiment.
On-chain data from Arkham Intelligence show wallets linked to the project deposited roughly 3–5 billion WLFI tokens—largely illiquid—as collateral on Dolomite to borrow about $75 million in stablecoins, including USD1 and USDC.
Over $40 million was later moved to Coinbase Prime. The position pushed pool utilization to ~93%, restricting withdrawals and drawing criticism for “circular” liquidity extraction.
The structure is risky because it uses thinly traded internal tokens to borrow real liquidity, meaning any sharp WLFI price drop could trap depositors, trigger bad debt, and deepen selling pressure.
At the same time, markets are bracing for a proposed unlock of over 16 billion WLFI tied to still-locked public allocations, raising dilution risks.
Adding to the pressure, Tron founder Justin Sun, who reportedly invested ~$75 million and became an adviser, again accused WLFI of embedding a hidden backdoor blacklisting function in the smart contract.
Related: US President Trump faces renewed backlash as Trump-linked tokens crash
This allegedly allowed the team to unilaterally freeze his wallet/assets without notice or recourse, violating “decentralization” promises.
He called it a trap, denounced “token scandals,” claimed governance votes were rigged/non-transparent and demanded unlocks/transparency.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Crypto World
Ethereum Eyes $2,480 Breakout as Bullish Momentum Builds Alongside New $1M Security Audit Initiative
TLDR:
- Ethereum approaches $2,480 resistance as an ascending triangle pattern signals a potential breakout setup forming.
- TD Sequential sell signal reappears, echoing the previous rejection near $2,400 and raising caution among traders.
- ETH reclaims its 100-day SMA, suggesting buyers are regaining control despite resistance pressure.
- Ethereum Foundation launches a $1M audit subsidy program to improve smart contract security for developers.
Ethereum is trading near a key resistance zone, with price action tightening within a bullish structure. Traders are watching closely as technical signals present both strength and caution, leaving the market at a decisive point for the next move.
Ethereum Tests Key Resistance Amid Conflicting Technical Signals
A recent post by Ali Charts on X points to Ethereum approaching the upper boundary of an ascending triangle on the daily chart.
This pattern often forms during periods of steady accumulation and can precede strong directional moves.
The price has continued to form higher lows since February. This structure reflects a gradual recovery after previous declines. As a result, buyers appear to be maintaining short-term control while pushing price toward resistance.
However, the same analysis notes the appearance of a TD Sequential sell signal. This signal previously appeared when Ethereum tested the $2,400 level. At that time, the market experienced a pullback toward lower support zones.
This repeated signal introduces caution despite the current upward movement. While price strength remains visible, traders are weighing the risk of another short-term correction.
At the same time, Ethereum has reclaimed its 100-day simple moving average. This level often acts as a trend indicator. Holding above it suggests that momentum is shifting in favor of buyers.
Market attention is now centered on the $2,480 level. A confirmed daily close above this resistance could invalidate the sell signal. It may also confirm a breakout from the triangle pattern.
Until such a move occurs, the resistance remains active. Price reactions at this level are expected to guide short-term direction.
Ethereum Foundation Expands Security Efforts With Audit Subsidy Program
Alongside market developments, the Ethereum Foundation has introduced a new initiative aimed at strengthening network security. In a recent post, the organization announced the Ethereum Audit Subsidy Program.
The program is designed to reduce the cost of security audits for developers building on Ethereum. Audits are considered a best practice, yet they often require substantial financial resources.
Through this initiative, the foundation is working with established audit providers. The goal is to make high-quality security reviews more accessible to builders across the ecosystem.
The announcement also references collaboration with industry participants. These include Nethermind and Chainlink Labs, alongside the Trillion Dollar Security Initiative.
The joint effort brings a total of $1 million in audit subsidies. This funding is intended to support projects at various stages of development. It also aims to improve overall protocol safety.
By lowering the financial barrier, the program encourages more teams to adopt proper security measures. This approach supports long-term ecosystem growth while addressing known risks in smart contract development.
The initiative arrives at a time when network usage continues to expand. As more applications are deployed, the need for secure infrastructure becomes increasingly important.
Together, these developments place Ethereum at a critical moment. Price action is testing a major technical level, while ecosystem efforts focus on strengthening its foundation.
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