Crypto World
Trump Just Confirmed He Will Speak at the TRUMP Memecoin Gala: Will His Words Move the Crypto Market?
Trump has confirmed. The speech is happening. And the crypto market is watching every word. The broader market holds its breath ahead of Saturday’s Mar-a-Lago gala, the most politically charged crypto event of the year.
What the president actually says could swing sentiment fast in either direction.
The White House confirmed via Reuters that Trump will deliver a keynote address at the exclusive TRUMP crypto memecoin holder gala luncheon at Mar-a-Lago on April 25.
Only the top 297 TRUMP token holders qualify to attend, the top 29 get a private reception with the president directly. Earlier this month, attendance wasn’t even guaranteed; the event terms explicitly noted Trump “may not be able to attend.”
That uncertainty is now resolved. What remains open: the substance of the remarks.
Lawmakers have flagged the event as a potential conflict of interest, given Trump’s direct financial stake in the TRUMP memecoin ecosystem. That political friction, layered over growing US government involvement in crypto infrastructure, makes this speech a genuine market catalyst — not just a media moment.
Can Bitcoin Price Break Out of Its Consolidation Range This Week?
Bitcoin is compressing just under resistance, and this kind of tight range with fading volume usually does not last; it resolves with a move, not more sideways.
Right now, the setup is neutral. Moving averages are flattening, momentum is weak on both sides, and support is holding, but without strong conviction.
The upcoming speech could be a trigger.

If it delivers real substance, something concrete on regulation or adoption, that is where BTC can break above $78K with volume and pull the market higher.
More likely, it is positive but vague, which leads to a quick pop and then back into the same range.
The risk is if sentiment flips negative around it, because with positioning already cautious, that can push price down fast and test support levels.
Is Bitcoin Hyper Going to Be The Highest Gainer Among Crypto Market Post Trump Speech?
The issue with chasing a Bitcoin breakout here is simple: the higher it goes, the harder it is to get outsized returns. By the time momentum is obvious, most of the move is already priced in.
That is why capital starts rotating earlier, especially into infrastructure plays tied to Bitcoin itself, where the upside is not fully captured yet.
Bitcoin Hyper is trying to position right in that gap, building a Layer 2 on Bitcoin with SVM integration to bring faster execution and smart contracts without leaving the Bitcoin ecosystem. The idea is to combine Bitcoin’s security with the kind of speed and flexibility usually seen elsewhere.
The presale is already showing strong traction, with over $32.5M raised and a current price around $0.013679, which points to steady accumulation rather than a one-off spike.
Early incentives like staking and the bridge design are aimed at making the ecosystem usable, not just speculative.
That said, it is still a presale, and that comes with real uncertainty around execution and liquidity once it launches.
So the setup is clear, Bitcoin is consolidating with limited upside in the short term, while projects building around it offer higher potential, but with higher risk.
The post Trump Just Confirmed He Will Speak at the TRUMP Memecoin Gala: Will His Words Move the Crypto Market? appeared first on Cryptonews.
Crypto World
South Africa Unveils Sweeping Treasury Bill to Control Cryptocurrency Movement
Key Highlights
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Treasury bill introduces comprehensive framework for digital asset oversight
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Mandatory declaration requirements for cryptocurrency holders above threshold
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Border enforcement powers expanded to include digital asset searches
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Penalties reach one million rand and five-year imprisonment for violations
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Capital flow framework extended to encompass cryptocurrency transactions
The National Treasury of South Africa has released draft legislation designed to bring cryptocurrency under comprehensive regulatory oversight. The proposed bill establishes mandatory reporting requirements and introduces enhanced enforcement mechanisms for digital assets. This legislative move represents a fundamental transformation in the country’s approach to cryptocurrency governance and financial monitoring.
Treasury Bill Integrates Digital Assets Into Capital Controls
The National Treasury has unveiled draft regulations that position cryptocurrency within South Africa’s existing capital flow management system. Under these proposed rules, individuals holding digital assets exceeding specified limits must formally declare their holdings to authorities. The framework also requires specific transactions to be processed through approved intermediaries or obtain regulatory clearance beforehand.
According to the draft provisions, asset holders will have a 30-day period to comply with declaration obligations once the threshold is met. The legislation further stipulates that digital assets purchased for designated purposes must be liquidated if those objectives are not fulfilled. This mechanism creates a direct connection between cryptocurrency ownership and stated financial objectives.
The legislative initiative seeks to modernize regulations by replacing the Exchange Control Regulations established in 1961. This proposal demonstrates increasing governmental focus on capital mobility and financial transparency. Furthermore, the framework integrates digital currencies into established financial disclosure protocols.
Enhanced Border Security and Compliance Mechanisms
The proposed legislation significantly expands crypto regulation enforcement capabilities at border crossings and throughout the financial infrastructure. Customs officials would receive authorization to conduct searches for undeclared cryptocurrency holdings when individuals cross international boundaries. Travelers may be required to provide access information related to their digital asset portfolios.
The bill criminalizes unauthorized international transfers of cryptocurrency under the broadened regulatory framework. It establishes mandatory disclosure requirements for digital assets when entering or exiting South African territory. These provisions enable authorities to maintain closer surveillance over both incoming and outgoing asset movements.
Non-compliance with the regulatory framework carries substantial consequences, including monetary penalties reaching one million rand and potential incarceration for up to five years. These sanctions specifically address violations and unauthorized asset transfers. Consequently, enforcement mechanisms constitute a fundamental component of this policy transformation.
Regulatory Evolution and Strategic Considerations
South Africa has previously established legal recognition for digital assets within its financial regulations, forming the foundation for current policy developments. The Financial Sector Conduct Authority designated cryptocurrency as a financial product in 2022. The newly proposed legislation expands regulatory reach from service providers to individual asset holders themselves.
This initiative emerges amid increasing cryptocurrency adoption throughout the African continent and growing concerns regarding financial system stability. It also addresses potential risks associated with stablecoins and capital flight scenarios. The Treasury aims to strengthen regulatory frameworks to preserve monetary policy effectiveness.
The public consultation process continues, though submission deadlines appear inconsistent across official documents. Stakeholder input during this comment period will shape the final regulatory structure. Ultimately, the finalized provisions will determine the extent to which authorities incorporate digital assets into national financial supervision frameworks.
Crypto World
Ethereum draft EIP-8182 aims to make private transfers a native feature
EIP‑8182 would add a shared shielded pool and ZK precompile to make private ETH and ERC‑20 transfers a native Ethereum feature, aligned with its 2026 privacy roadmap.
Summary
- Ethereum developer Tom Lehman has published a draft of EIP‑8182, a proposal to introduce shared privacy pools, a fixed-address system contract, and zero‑knowledge (ZK) verification precompiles directly into the Ethereum protocol.
- The design would be activated via hard fork, with no admin keys, governance tokens, or on‑chain upgrade hooks, in a bid to unify privacy under Ethereum’s own trust model instead of fragmented app‑level solutions.
- If adopted, users could send private ETH and ERC‑20 transfers to any Ethereum address or ENS name from existing wallets, including atomic “de‑sensitization → interaction → re‑privatization” flows.
Ethereum (ETH) is finally putting protocol‑level privacy on the table. Tom Lehman has released draft EIP‑8182, “Private ETH and ERC‑20 Transfers,” which would embed a shared shielded pool and ZK proof verification into the base chain so that private transfers become a first‑class feature rather than an opt‑in dApp add‑on. Lehman argues that Ethereum itself should “provide a shared privacy layer” to break the current impasse of small, siloed anonymity sets and incompatible trust assumptions across privacy apps.
At the core of EIP‑8182 is a protocol‑managed system contract deployed at a fixed address, in the style of EIP‑4788. This contract would hold all state for a global shielded pool — including the note‑commitment tree, nullifier set, user and delivery‑key registries, and an authorization policy registry — and would have no proxy, no admin function, and no on‑chain upgrade mechanism, meaning it can only change through Ethereum hard forks. In parallel, the proposal adds a ZK proof‑verification precompile so clients can efficiently verify private transfer proofs at the protocol layer.
Lehman’s design tries to reconcile privacy with Ethereum’s existing UX. Users still identify recipients by standard Ethereum address or ENS name, but the actual “notes” inside the shielded pool bind to hidden owner identifiers fetched from a registry for those addresses. That allows wallets to integrate once and let users send private payments to any address, instead of picking between incompatible privacy pools that each bootstrap their own anonymity set. The EIP also specifies support for atomic flows — deposit into the shielded pool, interact with a public contract, and re‑shield the result — enabling what the draft calls “de‑sensitization → interaction → re‑privatization” in a single sequence.
Crucially, the proposal is explicit about what it does not solve. End‑to‑end privacy still requires mempool encryption, network‑layer anonymity, and wallet‑side UX changes, all of which sit outside EIP‑8182’s scope. But the move aligns with Ethereum’s broader 2026 roadmap, which AmbCrypto reports puts “institutional privacy front and center” ahead of an expected tokenization boom, with Foundation leaders naming faster finality and compliant privacy as key priorities.
If EIP‑8182 advances, it will also intersect directly with regulatory debates sparked by protocols like Privacy Pools, which use ZK proofs to separate clean funds from tainted ones without revealing full transaction histories. A protocol‑native privacy layer built around shared pools and provable provenance could give both DeFi and future real‑world‑asset platforms a way to offer credible privacy guarantees while still satisfying compliance and audit requirements — a balance that will matter more as institutional capital and AI‑driven agents increasingly transact on Ethereum.
Crypto World
Solana-based casino Luck.io paid $500K a month to influencers before folding
Luck.io, a casino running on Solana’s blockchain that spent 2025 paying crypto influencers up to $500,000 per month, announced today that it’s shutting down. The team asked players to please withdraw their funds.
In its glowing self-review and autobiographical eulogy, the project praised the growth that preceded its demise.
“What started as a concept soon became the largest and fastest growing on-chain casino,” a spokesperson beamed, concluding that “the concept works” somehow, and that its technology should “find a new home in the near future.”
A year ago, the enterprise ran one of the loudest marketing budgets for Solana wagering. DL News reported in June 2025 that Luck.io was paying key opinion leaders up to half a million dollars per month.
Ansem, FaZe Banks, and Sol Jakey were among the casino’s sponsors and spent the next year pitching it to their millions of followers.
Another Solana casino dies
Ansem posted his Luck.io promotion in May 2025. The casino, he promised, would “be the first product in the degen space,” even though it wasn’t, “where users maintain control of all their funds at all times, and all games are provably fair.”
Many other blockchain casinos have offered these features.
The casino’s homepage boasted of $1.2 billion wagered across 286 million lifetime bets before the shutdown began. The casino’s pitch was that every bet and payout would settle on Solana’s blockchain in full public view.
Those promises came with problems, however. Selvlabs founder Foobar publicly argued that Luck.io’s code was neither immutable nor publicly verifiable. Its audit allegedly ran over private email instead of GitHub.
Read more: Crypto gambling livestreams to be banned from Twitch after $200K scam
Another crypto influencer, Cobie, alleged Luck.io’s operators overlapped with Rollbit, a centralized crypto casino whose RLB token trades 75% below its November 2023 peak.
Although it had withheld that detail from its media tour, Luck.io eventually admitted its connection to Rollbit. Buried in a thread on X, it disclosed backers with shared experience at the older casino.
Rollbit, in the four months leading up to June 2025, saw daily revenue collapse 90% from its February peak above $3 million.
Unfortunately, Luck.io’s influencer bill of up to $500k/month had similar difficulty surviving the last few months of a crypto bear market.
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Crypto World
XRP ETFs Hit $1.53B With Goldman as Top Holder
Ripple’s latest market overview confirms that US spot XRP ETFs have accumulated $1.53 billion in assets under management and 773 million XRP in custody, with Goldman Sachs leading all institutional holders through a $153.8 million position spread across four separate funds.
Summary
- US spot XRP ETFs have reached $1.53 billion in AUM and 773 million XRP in custody less than six months after the first products launched in late 2025.
- Goldman Sachs disclosed a $153.8 million position across four XRP ETFs in its Q4 2025 13F filing, making it the largest known institutional holder and accounting for roughly 73% of the top 30 institutions’ combined exposure.
- Despite the Goldman milestone, 84% of US XRP ETF assets remain retail-held, compared to 48.8% institutional participation in Solana ETF products.
Ripple’s April 17 institutional insights report confirms that US spot XRP ETFs have accumulated $1.53 billion in assets under management and 773 million XRP tokens in custody, less than six months after the first product launched in November 2025. Yahoo Finance reported that Goldman Sachs disclosed a $153.8 million position across spot XRP ETFs through its Q4 2025 13F filing, distributed across Bitwise’s XRP ETF at approximately $40 million, Franklin Templeton’s XRPZ at $38.5 million, Grayscale’s GXRP at $38 million, and 21Shares’ TOXR at $36 million.
XRP ETF Institutional Holders Led by Goldman’s Deliberately Diversified Stake
Goldman did not concentrate its XRP ETF position in a single product. The allocation is spread across four different issuers, a construction that Ripple’s report describes as reflecting a deliberate, long-duration institutional strategy rather than a tactical trading position. Of the top 30 institutional holders collectively controlling just over $211 million in XRP ETF exposure, Goldman accounts for roughly 73% of that total. As crypto.news reported, Bloomberg analysts have noted that Goldman’s position likely reflects trading desk facilitation activity rather than a direct directional bet on XRP, a distinction that matters when assessing whether the disclosure signals genuine institutional conviction or structural product demand. The Q1 2026 13F filing, due in May, will reveal whether the bank held the position through XRP’s price decline from its January peak above $2.40 to the current range near $1.44.
The Retail Gap That Still Defines the XRP ETF Market
Despite the Goldman headline, Ripple’s own data shows that 84% of domestic XRP ETF assets are held by retail investors, a figure that stands in sharp contrast to Solana ETF products where institutional participation runs at 48.8%. As crypto.news documented, XRP ETFs pulled in $55.39 million in the strongest week of 2026, their best single-week performance on record, and the funds have not recorded a single outflow day since April 9. That retail-driven demand has sustained the inflow streak, but it also means the institutional adoption story is at an earlier stage than the Goldman headline alone suggests. A Coinbase and EY-Parthenon survey of 351 institutional investors found that 25% plan to add XRP to their portfolios in 2026, with 65% citing regulatory clarity as the condition holding them back.
What the CLARITY Act Means for the Next Phase
The passage of the CLARITY Act would convert that stated institutional intent into actionable capital allocation. As crypto.news tracked, Goldman’s February 2026 disclosure was the first time the bank placed XRP alongside Bitcoin, Ethereum, and Solana in its structured product holdings, a threshold moment that Ripple described as cementing XRP’s position in the institutional allocation conversation. The SEC and CFTC jointly classified XRP as a digital commodity in March 2026, and if the CLARITY Act formalizes that classification into law, the 65% of institutional investors currently waiting for regulatory clarity would have the legal framework to move from intent to deployment.
Ripple noted that cumulative XRP ETF inflows crossed $1 billion by December 16, 2025 and surpassed $1.5 billion by early March 2026, a pace it described as among the fastest institutional adoption curves for any digital asset in regulated ETF history.
Crypto World
Casino Operators, Sportsbooks and Affiliates Get a Purpose-Built Media Distribution Service From Kooc Media
The online gambling ecosystem depends on three interconnected business types — casino operators who run the platforms, sportsbook brands who set the odds and gambling affiliates who connect players with both. Each one needs media visibility to succeed. Each one struggles to get it. Kooc Media, a PR distribution agency that has served the gambling and crypto industries since 2017, has launched a media distribution service that addresses all three at once.
The service gives casino brands, sportsbook operators and affiliate businesses guaranteed press coverage on established news publications, professional editorial support, global newswire distribution and transparent campaign reporting. It is the first time a single service has been designed to cover the full range of businesses that make the online gambling industry work.
A Shared Frustration Across the Industry
Spend enough time in online gambling marketing circles and a pattern becomes obvious. Whether someone runs an online casino, manages a sportsbook or owns an affiliate network, the frustration with PR is identical. They know press coverage would help their business. They have tried to get it. The results were either nonexistent or so poor that the entire exercise felt like a waste of money.
Casino operators have been told by agency after agency that gambling falls outside their acceptable client categories. Sportsbook brands have heard the same, sometimes with the added insult of being passed over during the exact sporting events when coverage would matter most. Affiliate businesses — despite producing editorial content as their core product — have found it almost impossible to secure press coverage that builds their own brand rather than the operators they promote.
The common denominator is an industry that generates enormous revenue but receives almost no attention from the mainstream media ecosystem. Publications that routinely cover fintech, gaming technology and digital entertainment draw a line at gambling. PR agencies that proudly serve controversial sectors in other industries refuse to touch betting or casino clients.
Kooc Media exists specifically because of this gap. The agency has provided gambling PR and crypto PR as core services since its founding and has built the distribution infrastructure needed to deliver results where other agencies consistently fail.
“Casino operators, sportsbooks and affiliates are three sides of the same industry,” said Michelle De Gouveia, spokesperson for Kooc Media. “They all need media distribution that actually works. We have built one service that handles all three.”
The Distribution Infrastructure
Kooc Media’s service runs on a combination of owned media and partner distribution that eliminates the uncertainty of traditional PR.
The agency owns and operates multiple established news websites including Blockonomi, CoinCentral, MoneyCheck, Parameter, Beanstalk and Computing. These publications have built strong domain authority and consistent readerships across finance, technology, cryptocurrency and iGaming through years of editorial output. Because Kooc Media controls these sites, every placement booked through the service is published. There is no editorial pitch. No third-party gatekeeper. No possibility of paying for coverage that never materialises.
Beyond the owned network, press releases are distributed through a partner system reaching hundreds of additional media outlets and thousands of syndication channels across multiple countries and content categories. Premium distribution packages extend reach to major international platforms including Business Insider, Bloomberg, Benzinga, MarketWatch and USA Today.
Content is produced by the agency’s in-house editorial team when clients need writing support. The writers understand the specific language, regulatory sensitivities and audience expectations of the casino, sportsbook and affiliate sectors. Clients who prefer to provide their own material can do so and use Kooc Media purely for placement and distribution.
The full cycle operates at the speed the gambling industry demands. Briefing to live publication can happen within a single day. After distribution completes, a detailed report containing live links to every published article is delivered to the client.
What Media Distribution Does for Casino Brands
The online casino market is saturated with operators competing for the same players through increasingly similar means. Bonus offers, game libraries, loyalty programmes and website designs have converged to a point where many casinos are virtually interchangeable from a player’s perspective.
Press coverage provides differentiation that product alone cannot. A casino brand covered by independent news publications carries a perception of legitimacy and establishment that uncovered competitors lack. Players searching for a new casino encounter that coverage during their research and factor it into their decision. The brand feels safer. The signup feels less risky. The deposit happens more readily.
Over time, the SEO value compounds. Each article on a strong domain generates a backlink that improves the casino’s organic search positioning. For brands targeting terms like “best online casino,” “new casino sites,” “top casino bonuses” or “online slots,” those accumulated backlinks provide a lasting competitive advantage in search rankings.
What Media Distribution Does for Sportsbook Brands
Sportsbooks face a unique combination of pressure. They need to build long-term brand trust while simultaneously capitalising on short-term windows of opportunity around sporting events. A sportsbook that is invisible during a major football tournament or boxing event misses the exact moment when potential bettors are most actively searching for a platform.
Kooc Media’s same-day distribution capability allows sportsbook brands to time PR campaigns precisely around these events. A press release can go live on the morning of a major match day, putting the sportsbook’s name in front of audiences when interest is at its peak.
Beyond event-driven campaigns, sportsbooks accumulate the same trust and search benefits as casino brands. Bettors research operators before committing funds. Coverage on trusted publications reduces hesitation. Backlinks from those publications help sportsbooks compete for terms like “best sportsbook,” “sports betting sites,” “football betting platform,” “live betting odds” and “online betting offers.”
For sportsbooks entering newly regulated markets, press coverage provides immediate positioning. A brand that arrives with published coverage across recognised publications starts ahead of competitors who enter with no media presence at all.
What Media Distribution Does for Affiliate Brands
Gambling affiliates occupy a peculiar position in the industry. They are media businesses whose entire model depends on producing content and attracting audiences. Yet most affiliates invest nothing in promoting their own brand through external media channels.
The missed opportunity is significant. An affiliate brand with press coverage on established publications gains credibility with both players and operator partners. Players encountering an affiliate’s comparison site or review platform are more likely to trust its recommendations if they have seen the brand mentioned elsewhere in independent media. The affiliate stops being just another faceless review site and becomes a recognised name in the space.
Operator partnerships benefit too. Casino and sportsbook companies evaluating potential affiliate relationships assess the affiliate’s brand strength, traffic quality and public profile. An affiliate with documented media coverage across credible publications presents a stronger case for favourable commercial terms than one with no presence beyond its own website.
The SEO advantages are particularly relevant for affiliates. The gambling affiliate market is one of the most competitive organic search environments in existence. Hundreds of sites target the same high-value keywords. Backlinks from authoritative publications built through consistent PR campaigns strengthen domain authority in ways that internal content strategies alone struggle to match.
Packages That Fit Each Business Type
Kooc Media offers standard packages and custom campaigns to suit the different needs of casino operators, sportsbook brands and affiliate businesses.
Standard packages deliver guaranteed placements across the agency’s owned sites and partner network with optional content creation and comprehensive reporting. They work for casino brands maintaining steady promotional coverage, sportsbooks keeping their name visible throughout the sporting calendar and affiliates building brand authority through regular media output.
Custom campaigns address specific strategic moments. A casino launching a new brand or entering a new market needs coordinated multi-publication coverage. A sportsbook timing a campaign around a major sporting event needs rapid distribution with precise scheduling. An affiliate network expanding its portfolio or rebranding needs press that introduces the new identity to the industry. Any of these businesses integrating cryptocurrency features needs content bridging traditional gambling and crypto audiences.
Kooc Media manages every campaign from planning through content production, distribution and final reporting.
About Kooc Media
Kooc Media is a PR distribution agency founded in 2017, specialising in online gambling, crypto, fintech and technology. The company operates its own network of news publications and distributes content through a broad global partner network to guarantee media placements. Services include press release writing, sponsored articles, homepage features, newswire distribution and complete campaign management.
Kooc Media’s gambling PR packages are available now through the company’s website at https://kooc.co.uk.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
XRP Gears Up for Breakout as Cup and Handle Targets $1.70
XRP (XRP) is trading near $1.43 as multiple timeframes point to an imminent directional move, with a cup and handle on the 4-hour chart targeting $1.70 and a confirmed weekly golden cross backing a longer-term bullish thesis.
Daily volatility has compressed to near record lows while the Relative Strength Index (RSI) tightens inside a triangle stretching back to mid-2025. The setup resembles a classic accumulation phase before a powerful expansion.
XRP Weekly Channel and Golden Cross Build Macro Bullish Case
The weekly XRP chart shows the price on the lower boundary of an ascending parallel channel drawn on a logarithmic scale. The current bounce marks the third test of that support. Historically, prior tests in 2017 and mid-2024 preceded strong rallies.
A confirmed golden cross adds weight to the structure. Weekly golden crosses are rare and have marked sustained uptrends in past cycles. Crypto analyst XrpUdate expects XRP to run toward the channel midline, which currently sits in the $30 range.
Meanwhile, a clean loss of the channel support would invalidate the bullish case. Such a breakdown could open the door for a return to cycle lows.
“$XRP JUST CONFIRMED A GOLDEN CROSS Years of consolidation → ready to expand. The structure is screaming continuation. This is where smart money loads…”
Daily Volatility Collapse and RSI Triangle Point to Expansion
The daily chart shows XRP pinned to the 0.236 Fibonacci retracement at $1.42. Support sits at $1.30, and resistance at $1.53. The Fibonacci grid is anchored to the January rally top at $2.42.
Beneath the price panel, the Bollinger Band Width Percentile (BBWP) reading has collapsed toward zero and is flashing blue. Volatility this compressed has historically preceded sharp directional moves in either direction.
Declining volume through April reinforces the accumulation thesis. Long-term holders tend to absorb supply quietly during these phases before retail catches on.
Confirming the setup, the daily RSI has formed a contracting triangle since July 2025. Resistance slopes down from the 88 print last summer. Support rises from the February 2026 low near 18.
The indicator currently sits around 55, almost dead-center inside the apex. A break above 60 would align with a bullish momentum shift. However, a drop under 45 would warn of further downside.
XRP Price Prediction and the $1.70 Cup and Handle Target
The 4-hour XRP/USDT chart on Binance shows a cup and handle formation taking shape. The cup stretches from the March low near $1.30 to the April peak at $1.50. The handle is forming right on the 0.236 Fibonacci line at $1.42.
A clean break above the $1.50 neckline measures to a target of $1.6933. That target sits between the 0.382 and 0.5 Fibonacci retracements of the recent leg down. It represents roughly 18% upside from current levels.
The 4-hour RSI sits near 50, matching the neutral momentum seen on higher timeframes. That reading aligns with a late-stage accumulation pattern rather than exhaustion.
If $1.30 gives way before the breakout, the cup and handle get invalidated. Hold the $1.30 floor, and the alignment across weekly, daily, and 4-hour charts favors a breakout.
The post XRP Gears Up for Breakout as Cup and Handle Targets $1.70 appeared first on BeInCrypto.
Crypto World
Researcher wins 1 bitcoin (BTC) for largest quantum attack on elliptic curve yet
The quantum attack Bitcoin has spent years treating as tomorrow’s problem just got a little less theoretical.
Quantum security startup Project Eleven said it awarded its 1 bitcoin Q-Day Prize to independent researcher Giancarlo Lelli on Friday after he broke a 15-bit elliptic curve key on publicly accessible quantum hardware, deriving a private encryption key from its public counterpart.
The bounty is worth roughly $78,000 at current prices. It is said to be the largest public demonstration of the attack class that could one day threaten bitcoin, ether (ETH) and most major blockchains.
Project Eleven Awards 1 BTC Q-Day Prize for Largest Quantum Attack on Elliptic Curve Cryptography to Date
Researcher breaks 15-bit ECC key on publicly accessible quantum hardware in a 512x jump from the previous public demonstration.
Project Eleven today awarded the Q-Day…
— Project Eleven (@projecteleven) April 24, 2026
Elliptic curve cryptography is the math that lets a crypto wallet prove it controls funds without revealing its private key. A public key can be visible to everyone, but deriving the corresponding private key is supposed to be impossible in practical terms.
Quantum computers running Shor’s algorithm, a quantum technique first proposed in 1994, challenge that assumption by attacking the underlying logic that secures those signatures.
Lelli’s result does not mean bitcoin is close to being cracked. Bitcoin uses 256-bit elliptic curve security. A 15-bit key has a search space of 32,767 possibilities, tiny by comparison. The prize was designed to measure whether quantum attacks on real cryptography-based products are moving from white papers into public hardware experiments.
The previous public break was a 6-bit demonstration by Steve Tippeconnic in September 2025 using IBM’s 133-qubit quantum computer. Lelli’s 15-bit result expanded that by a factor of 512 in seven months.
A bit is the smallest unit of information in a regular computer, a qubit is the quantum computing equivalent.
Read more: A simple explainer on what quantum computing actually is, and why it is terrifying for bitcoin
Theoretical resource estimates have dropped even faster. A Google Research paper last month put the cost of a full 256-bit attack below 500,000 physical qubits, down from earlier estimates in the millions.
“The resource requirements for this type of attack keep dropping, and the barrier to running it in practice is dropping with them,” Project Eleven CEO Alex Pruden said.
Pruden noted the winning submission came from an independent researcher working on cloud-accessible hardware, not a national laboratory or a private quantum chip.
The concern is sharpest for wallets whose public keys are already visible on-chain. Project Eleven estimates roughly 6.9 million bitcoin sit in such addresses, about one-third of total supply, including Satoshi Nakamoto’s estimated 1 million bitcoin untouched since the network’s earliest years. Any quantum computer capable of breaking 256-bit ECC could work through those wallets at leisure.
Bitcoin developers have proposed migration paths including BIP-360, a Bitcoin Improvement Proposal that would add quantum-safe address types. Ethereum, Tron, StarkWare, and Ripple have each published post-quantum transition plans.
Fifteen bits is not 256 bits, but is the latest in a rapidly heating up point of interest for bitcoin developers and the broader community.
Crypto World
Trump’s DOJ drops probe that stood in way of president’s pick to run Federal Reserve
President Donald Trump’s command of U.S. financial and economic policy may have taken a step closer now that his Department of Justice has backed down from an investigation of Federal Reserve Chair Jerome Powell, meaning his nominee to replace Powell may now have an open path to confirmation.
Fed chair nominee Kevin Warsh, whose own considerable wealth includes some crypto-world assets, is awaiting a final vote from the Senate after appearing in a confirmation hearing this week. Trump, who has relentlessly blamed Powell for maintaining overly high U.S. interest rates, chose Warsh to remedy that, but Republican Senator Thom Tillis had promised to block the confirmation as long as the DOJ pressed an investigation against Powell for cost overruns in a Fed building project.
That criminal probe was dropped on Friday, and Attorney General Jeanine Pirro said the DOJ asked the Fed’s inspector general to look into the renovation situation and issue a report. When the news emerged, Kalshi’s prediction betting on Walsh’s confirmation before May 15 shot up from about 30% odds to more than 80%.
“I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas,” Pirro wrote in a post on social media site X. “Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”
Putting his own people atop the Federal Reserve not only equates with Trump’s greater influence over U.S. monetary policy, but it also leaves him with more allies on the Fed board as it makes decisions about financial policy — including implementing rules that govern the crypto industry and stablecoin issuers.
Because of Tillis’ threat, Warsh may have been in a holding pattern as long as the DOJ pursued its investigation, which could have left Powell in charge of the Fed indefinitely, well beyond the May 15 expiration of his term. Now, the Republican-majority Senate may be able to move more quickly toward confirmation of the nominee, who insisted during his hearing that he would act independently of White House direction.
Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee that’s considering his nomination, dismissed the move and noted the administration is still pursuing Fed Governor Lisa Cook in court.
“This is just an attempt to clear the path for Senate Republicans to install President Trump’s sock pocket Kevin Warsh as Fed chair,” Warren said in a statement. “Let’s be clear what the Justice Department announced today: They threatened to restart the bogus criminal investigation into Fed Chair Powell at any time while failing to drop their ridiculous criminal probe against Governor Lisa Cook.”
Tillis called Warsh a “great nominee.” In his own posting this week on X, the senator said he’d vote yes on Warsh once the DOJ backs off of Powell:
“I look forward to supporting him out of committee once the DOJ drops their bogus investigation into Chairman Powell that threatens the independence of the Fed.”
Crypto World
DeFi heavyweights press SEC for formal broker rules after ‘non-custodial UI’ guidance
DeFi heavyweights urge the SEC to turn its temporary “non‑custodial UI” safe harbor into binding broker rules that shield neutral infrastructure from creeping regulation.
Summary
- The DeFi Education Fund, Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz, and others have sent a joint letter urging the SEC to codify its recent “non‑custodial user interface” broker guidance into formal rules.
- The coalition backs the SEC staff’s view that neutral, self‑custodial front ends should not be treated as brokers, but warns that vague definitions risk sweeping in validators, RPC/API providers, oracles, and cloud services.
- With the CLARITY Act stalled in the Senate, the letter frames SEC rulemaking as the only near‑term path to legal certainty for DeFi infrastructure in the U.S.
A broad coalition of DeFi builders and investors is pressing the U.S. Securities and Exchange Commission to lock in its recent staff guidance on “non‑custodial user interfaces” through formal rulemaking, arguing that only clear, durable definitions of “broker” will prevent neutral infrastructure from being regulated out of existence. In a letter filed this week, the DeFi Education Fund, Aave Labs, Uniswap Labs, Paradigm, Andreessen Horowitz and other signatories responded to the SEC Division of Trading and Markets’ April 13 staff statement on when crypto asset front ends must register as brokers.
The coalition “strongly supports” the staff’s conclusion that a non‑custodial user interface “that merely converts user‑initiated instructions into blockchain‑legible commands” and leaves users in full control of their assets does not need broker‑dealer registration. They argue that such tools function as technical infrastructure rather than transaction intermediaries, aligning with Commissioner Hester Peirce’s call for a “more permanent regulatory approach” that reflects how DeFi actually works.
From interim guidance to binding rules
The April 13 statement carved out a five‑year no‑action framework for “Covered User Interface Providers,” allowing certain DeFi front ends and self‑custodial wallets to operate without broker registration so long as they meet 12 conditions, including strict limits on discretion, order handling, and recommendations. In a notable departure from traditional practice, the staff said it would not object if these providers receive transaction‑based fees, provided compensation is flat, objective, and agnostic to product or venue, while still banning payment for order flow.
But the guidance is explicitly temporary and can be withdrawn in 2031 absent Commission action, a sunset the DeFi coalition says is not good enough for businesses making multi‑year infrastructure bets. Their letter urges the SEC to open a notice‑and‑comment rulemaking that would hard‑code a modern broker definition, explicitly excluding neutral software providers, validators, RPC/API operators, oracle networks, and cloud infrastructure that never take custody or exercise trading discretion.
“Absent clear, technology‑neutral rules, future staff or Commissions could reinterpret the broker definition in ways that chill innovation and push core U.S. infrastructure offshore,” the groups warn, echoing concerns that ad hoc guidance can be reversed as quickly as it is issued.
Regulatory vacuum as Congress stalls
The timing of the letter is not accidental. With the CLARITY Act — the main federal crypto market‑structure bill — stuck in the Senate Banking Committee and facing a hard end‑of‑May deadline set by Senator Bernie Moreno, industry groups increasingly see the SEC’s rulebook as the only near‑term lever for clarity. Legal memos from firms including Sidley, Jones Day, and Deloitte have already framed the April 13 statement as a “path” for DeFi interface providers but stressed that it only addresses broker‑dealer rules, not exchange registration, AML obligations, or anti‑fraud liability.
In its own weekly “DeFi Debrief,” the DeFi Education Fund called the staff move “a significant first step” but emphasized that “lasting regulatory certainty requires Commission‑level action,” not just staff statements. Until Congress acts or the SEC completes a full rulemaking, the coalition’s push underscores a broader reality: the fate of U.S. DeFi infrastructure still hinges on how a 90‑year‑old broker definition is applied to lines of code.
Crypto World
Chainlink data services go live on AWS Marketplace to bridge cloud and blockchain
AWS Marketplace now offers Chainlink’s oracle stack as a native service, letting banks and fintechs wire tokenization, stablecoins, and RWA apps into existing cloud workflows.
Summary
- AWS Marketplace has listed Chainlink services including Data Feeds, Data Streams, and Proof of Reserve, giving AWS developers direct access to oracle infrastructure inside their existing cloud workflows.
- Amazon says Chainlink’s oracle stack now provides a secure, two‑way connection between AWS resources and on-chain smart contracts, aimed at institutions building tokenization, stablecoin, and digital asset applications.
- The integration strengthens Chainlink’s role as a default oracle layer for capital markets, following earlier work with firms like Swift, Euroclear, and UBS on tokenized asset rails.
According to a report from The Block, AWS Marketplace has integrated multiple Chainlink data services, including its Data Feeds, low‑latency Data Streams, and Proof of Reserve products, into a single listing that any AWS customer can deploy. The move lets developers plug Chainlink oracles directly into AWS compute, storage, database, and API stacks, turning off‑chain enterprise systems into data sources and execution engines for on-chain smart contracts without leaving the AWS environment.
On its Marketplace page, Amazon describes the Chainlink Platform as an “all‑in‑one oracle solution” that brings tamper‑resistant price data, reserve attestations, and other external inputs onto blockchains, while also enabling secure callbacks from smart contracts to AWS workloads. Chainlink’s Proof of Reserve, for example, provides on-chain attestations on the collateralization of stablecoins, wrapped assets, and tokenized real‑world assets, helping issuers enforce 1:1 backing and implement “circuit breakers” that halt minting if reserves fall below supply.
AWS has been signaling this direction for some time. A previous Partner Solution showed enterprises how to run highly available Chainlink nodes on Amazon EKS to deliver external APIs, price data, and verifiable randomness to smart contracts, while a March 2026 AWS sample project walked through integrating AWS services with the Chainlink Runtime Environment (CRE) for tokenization use cases such as price feeds and reserve verification. In a separate announcement about CRE, Jane Ginsburg, AWS’s go‑to‑market head for capital markets and fintech, said the environment “enables customers to integrate AWS workloads with smart contracts, unlocking use cases such as custom price feeds, stablecoin reserve verification, and off‑chain computation within trusted execution environments.”
For Chainlink, the Marketplace listing deepens its pitch as the “industry‑standard oracle platform” for on‑chain capital markets. The company has highlighted adoption of its stack — including Data Feeds, Proof of Reserve, and cross‑chain interoperability protocol CCIP — by major financial institutions and Web3 protocols, and says CRE is being used by Swift, Euroclear, UBS, J.P. Morgan’s Kinexys, Mastercard, AWS itself, and others to tap into what it estimates as an $867 trillion tokenization opportunity.
By putting Chainlink’s services behind the familiar AWS Marketplace paywall and deployment model, Amazon is effectively telling banks, asset managers, and fintechs they can experiment with tokenized assets and smart contracts using the same procurement and security processes they already use for cloud. For developers, it compresses the distance between a traditional microservice running on AWS and a live on‑chain application, making it far easier to move real‑world data, reserves, and workflows into blockchain‑based systems without having to build custom oracle plumbing from scratch.
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