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Two High Schoolers Charged in Arizona Home Invasion Targeting $66M in Crypto

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Two High Schoolers Charged in Arizona Home Invasion Targeting $66M in Crypto

Two teenagers from California are facing serious felony charges after authorities say they traveled hundreds of miles to carry out a violent home invasion in Scottsdale, Arizona, in a bid to obtain cryptocurrency believed to be worth $66 million.

Key Takeaways:

  • Two California teens allegedly traveled over 600 miles to carry out a violent home invasion targeting $66 million in cryptocurrency.
  • Police arrested the suspects shortly after they fled the scene and recovered restraints and a 3D-printed firearm.
  • Investigators say unknown contacts on an encrypted messaging app directed the plot and funded supplies.

According to court records cited by local media, the 16- and 17-year-old suspects drove more than 600 miles from San Luis Obispo County and arrived at a residence in the Sweetwater Ranch neighborhood on the morning of Jan. 31 wearing delivery-style uniforms resembling those used by shipping carriers.

Investigators say they forced entry into the home, restrained two adults with duct tape and demanded access to digital assets.

One victim denied holding cryptocurrency, after which the confrontation escalated into physical assault.

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Police Stop Suspects After Violent Home Invasion Attempt

Police were alerted when an adult son elsewhere in the house called emergency services. Officers arriving at the property found a struggle underway and one victim screaming.

The suspects fled in a blue Subaru but were stopped at a dead end shortly afterward.

Authorities recovered zip ties, duct tape, stolen license plates and a 3D-printed firearm without ammunition. It remains unclear whether the weapon was functional.

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Both teens were initially placed in juvenile detention but prosecutors intend to try them as adults. Each faces eight counts including kidnapping, aggravated assault and burglary, while the older suspect also faces an unlawful flight charge.

They were later released on $50,000 bail and fitted with electronic monitoring devices.

Investigators say the younger suspect told police the pair had recently met and were directed by unknown individuals communicating through the encrypted messaging platform Signal.

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The contacts, identified only as “Red” and “8,” allegedly supplied the address and sent $1,000 for disguises and equipment purchased at retail stores.

The suspect also claimed he had been pressured into participating after being invited on a trip to “tie people up” for access to cryptocurrency.

Wrench Attacks on Crypto Holders Rise Sharply in 2025

The case reflects a broader rise in so-called wrench attacks, physical assaults aimed at forcing crypto holders to hand over private keys.

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Security researcher Jameson Lopp’s public database lists roughly 70 such incidents in 2025, a sharp increase from the previous year.

The Scottsdale attack is the first recorded US case of 2026, though many incidents are believed to go unreported.

Security analysts say criminals are increasingly using leaked personal data to identify targets and recruiting young perpetrators online to reduce traceability.

A recent industry breach involving customer identity information has been cited by investigators as a factor increasing exposure risks.

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Authorities have not linked the incident to separate cryptocurrency ransom demands reported the same day in Tucson, about two hours away.

The post Two High Schoolers Charged in Arizona Home Invasion Targeting $66M in Crypto appeared first on Cryptonews.

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SOL Perp Traders Increase Leverage As HFDX Execution Improves

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

SOL perp traders are increasing leverage as execution quality improves across decentralized perpetual markets, with HFDX emerging as a key venue for on-chain activity. The current price of Solana is $92.25, having declined by 4.82% over the last 24 hours, but its derivatives volume is still increasing.

With a $52.32 billion market capitalization and a daily volume of $8.13 billion, which has grown by over 32%, it is clear that capital is not leaving but rather rotating. For SOL perp traders, this environment favors speed, liquidity depth, and reliable execution.

As centralized exchanges remain a point of concern for many market participants, on-chain perpetual futures are becoming the preferred tool for managing volatility. This shift is helping platforms like HFDX gain traction as execution infrastructure improves and liquidity scales.

Market Volatility Puts SOL Perp Traders Back in Control

For SOL perp traders, short-term drawdowns often unlock opportunity. Rather than selling spot positions, traders are increasingly using perpetual futures to hedge exposure, deploy short strategies, or trade momentum using leverage. This approach allows capital efficiency while keeping assets on-chain and fully self-custodied.

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Solana’s high-throughput ecosystem continues to attract active traders, arbitrageurs, and DeFi-native funds. As volatility expands, perpetual markets typically see higher open interest and funding activity. That pattern is already playing out as SOL perp traders seek platforms that can handle rapid execution without slippage or opaque pricing.

The broader shift toward decentralized derivatives also reflects changing risk preferences. Traders want transparency, predictable liquidation logic, and verifiable smart contract execution, especially during fast market moves.

Liquidity Rotation Across DeFi Strengthens On-Chain Perps

Outside of Solana, DeFi liquidity is shifting towards protocols that can generate actual revenue from trading fees and borrowing demand. This is changing the nature of leverage markets across a variety of assets, including SOL perpetual futures.

For SOL perp traders, more liquidity will mean tighter spreads, more stable funding, and fewer liquidations during volatility events. When passive capital can generate revenue from actual use cases, leverage markets are more stable.

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Structured DeFi strategies are also playing a growing role. Rather than chasing emissions, liquidity providers are increasingly allocating capital to systems where returns are tied to actual trading activity. This alignment between traders and liquidity is becoming a defining feature of next-generation perpetual DEXs.

HFDX Execution Gains Draw Attention From SOL Perp Traders

HFDX is benefiting directly from these shifts. Built as a non-custodial, on-chain perpetual futures protocol, HFDX is designed to support active trading without relying on centralized order books or market makers. Trades are executed against shared liquidity pools using decentralized price oracles, improving transparency and fairness.

Execution has become a key differentiator. HFDX has already processed more than 500,000 trades, delivering execution speeds under 2 milliseconds. For SOL perp traders operating in fast-moving markets, this performance reduces latency risk and improves entry and exit precision.

HFDX also integrates advanced charting and analytics powered by TradingView. This gives traders access to real-time price data, technical indicators, economic calendars, and broader market context—all within a decentralized trading environment.

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In addition to perpetual futures, HFDX offers Liquidity Loan Note (LLN) strategies. These allow participants to allocate capital to protocol liquidity for fixed terms, with returns sourced from real trading and borrowing fees. This model supports execution quality while maintaining a risk-aware framework.

Why HFDX Is Resonating With SOL Perp Traders

  • Ultra-fast on-chain execution built for volatile markets
  • Non-custodial leverage with transparent smart contract settlement
  • Shared liquidity pools that deepen SOL perpetual markets
  • Oracle-based pricing without centralized intermediaries
  • Structured liquidity strategies backed by real protocol activity
  • Professional-grade charting and market analysis tools

These factors collectively make HFDX a compelling option for SOL perp traders seeking reliable decentralized infrastructure.

Where SOL Perp Traders and HFDX Align

As Solana derivatives markets grow further, SOL perp traders are increasingly discerning about their leverage allocations. Speed, liquidity, and transparency are no longer nice-to-haves – they are essential.

HFDX is capitalizing on this trend with its focus on infrastructure over speculation. With improving execution, sustainable liquidity, and full on-chain nature, HFDX is an embodiment of what decentralized perpetuals are becoming. All forms of levered derivatives carry risks, but HFDX provides an environment designed for serious players.

For traders and liquidity participants looking to engage early with next-generation DeFi derivatives infrastructure, HFDX represents a platform worth exploring as on-chain perpetual markets continue to mature.

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Make Your Money Work Smarter And Unlock A Wealth Of Opportunities With HFDX Today!

Website: https://hfdx.xyz/

Telegram: https://t.me/HFDXTrading

X: https://x.com/HfdxProtocol

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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.

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Arthur Hayes Says This Is What Actually Crashed Bitcoin

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Arthur Hayes Says This Is What Actually Crashed Bitcoin

Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.

In a February 7 post on X, Hayes pointed to structured financial products linked to BlackRock’s iShares Bitcoin Trust (IBIT).

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Hayes Flags Hidden Risks in Bitcoin ETF Notes

He argued that falling Bitcoin prices force financial institutions that issue these notes to sell the underlying asset to manage their risk exposure. Finance professionals refer to this process as delta hedging.

Hayes explained that these structured notes are often issued by major banks to provide institutional clients with exposure to Bitcoin. The products include specific risk-management features, such as principal-protection levels.

When market prices dip low enough to trigger these pre-determined levels, dealers must aggressively adjust their positions to remain risk-neutral.

While this mechanism is standard in traditional equity markets, Hayes noted that it creates a feedback loop in the crypto sector where selling begets further selling. This dynamic effectively accelerates the asset’s price collapse.

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“I will be compiling a complete list of all issued notes by the banks to better understand trigger points that could cause rapid price rises and falls,” Hayes wrote.

However, Hayes clarified that he does not believe there is a “secret plot” to crash the market.

He emphasized that these derivatives do not inherently instigate market movements but rather amplify volatility in both upward and downward directions.

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He added that the market should be grateful for the absence of bailouts, which would allow leverage to unwind naturally.

The commentary comes amidst a turbulent week for the cryptocurrency market. Bitcoin recently recorded its worst single-day performance since the collapse of the FTX exchange in November 2022.

Meanwhile, other market participants have attributed the decline to broader macroeconomic headwinds and even quantum computing security concerns.

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For context, Pantera Capital General Partner Franklin Bi pinned the volatility on a distressed non-crypto entity rather than a typical industry fund.

Bi posited that the seller was likely a large, Asia-based player. This entity reportedly evaded early detection by market watchers because it lacks deep ties to crypto-native counterparties.

According to Bi’s theory, the entity was likely engaged in leveraged market-making strategies on Binance, funded by the Japanese yen carry trade.

These two analysis underscores a fundamental shift in the digital asset sector.

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It shows that complex trading strategies, rather than retail sentiment alone, increasingly influence Bitcoin’s price action.

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Bitcoin Bear Market Comparison Sparks New $50,000 BTC Price Prediction

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Bitcoin Bear Market Comparison Sparks New $50,000 BTC Price Prediction

Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over.

Key points:

  • Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat.

  • Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus.

  • Analysis says that a carbon copy of 2022 is not a certainty.

Bitcoin capitulation “hasn’t happened yet”

Data from TradingView showed BTC/USD crossing $71,000, now up 20% versus Friday’s 15-month lows.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

As the weekly close neared, Bitcoin added characteristic volatility, while market participants remained highly skeptical that the rebound would last.

Uploading a chart to X which compared current BTC price action to the 2022 bear market, independent analyst Filbfilb had no good news for bulls.

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“Im not going to try to dress it up any way other than how it looks,” he commented alongside a chart showing spot price versus the 50-week exponential moving average (EMA) at $95,300.

BTC/USD one-week chart. Source: Filbfilb/X

Analyst Tony Severino held similar ideas, contributing multiple price indicators and concluding that new lows were all but guaranteed.

“$BTC final capitulation hasn’t happened yet,” trader BitBull agreed, like Filbfilb referencing 2022. 

“A real bottom will form below $50,000 level where most of the ETF buyers will be underwater.”

US spot Bitcoin ETF data. Source: Checkonchain

The US spot Bitcoin exchange-traded funds (ETFs) currently have an average buy-in cost of $82,000, per data from monitoring resource Checkonchain.

BTC price deja vu continues

Earlier, Cointelegraph reported on a key bear market feature for Bitcoin based on two other trend lines: the 200-week simple (SMA) and exponential moving averages. 

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Related: What crashed Bitcoin? Three theories behind BTC’s trip below $60K

Together, they form a “cloud” of support between $58,000 and $68,000.

In one of his latest market takes at the weekend, Caleb Franzen, creator of analytics resource Cubic Analytics, argued that here too, the ghost of 2022 was in play.

“In May 2022, Bitcoin retested its 200-week MA cloud. Bulls said ‘that’s it, we’ve retested the long-term moving average & can continue higher now.’ Price immediately rebounded on that zone, produced a long wick, & closed above the midpoint of the weekly range,” he summarized.

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“But then that rally faded… Price came back into the 200W MA cloud a few weeks later, failed to rebound, then sliced through the cloud in June 2022. What are we seeing right now? The first retest of the 200W MA cloud with a long wick.”

BTC/USD one-week chart with 200 SMA, 200 EMA. Source: Cointelegraph/TradingView

Franzen note that the market may not replicate the previous bear market “perfectly.”

“The reality is that no one knows what happens next,” he acknowledged.