Coindesk

Tokyo-listed investment firm Metaplanet has purchased another 1,004 bitcoin (BTC) for approximately $104.3 million, bringing its total holdings to 7,800 BTC.The average purchase price for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure.The company’s total bitcoin position, acquired at an average price of $91,300 per BTC, is now valued at just over $806 million based on current market prices. The move is part of Metaplanet’s long-term goal to reach 10,000 BTC by the end of 2025.It began acquiring bitcoin in April 2024 and has since leaned heavily into a treasury strategy modeled after firms like Strategy (MSTR).The latest purchase comes as bitcoin continues to hover just below its all-time high, trading around $103,343 at the time...

Binance and Kraken, two of the world’s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase.Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, Bloomberg reports citing people familiar with the matter. Both exchanges managed to block the attempts without losing any customer data.The exchanges faced tactics mirroring those used against Coinbase (COIN), which earlier this week revealed it expects to pay $180 million to $400 million in remediation costs and customer reimbursements after attackers gained access to their personal information.That breach led to a $20 million ransom demand after the attackers managed to bribe Coinbase’s...

Bitcoin's BTC price chart is echoing a bullish pattern that foreshadowed the late 2024 price surge from $70,000 to $100,000 amid mounting concerns over the sustainability of the U.S. debt.The leading cryptocurrency by market value appears on track to confirm a "golden cross" in the coming days, according to charting platform TradingView. The pattern occurs when the 50-day simple moving average (SMA) of prices crosses above the 200-day SMA to suggest that the short-term trend is outperforming the broader trend, with the potential to evolve into a major bull run.The moving average-based golden cross has a mixed record of predicting price trends. The impending one, however, is worth noting because it's about to occur weeks after its ominous-sounding opposite, the...

Global economic tensions and regulatory developments continue to influence XRP's price action, with the digital asset showing remarkable resilience despite recent volatility. After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels. Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.Technical Analysis HighlightsPrice experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.Asset established upward trajectory, forming higher lows...

Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850. The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.Technical Analysis HighlightsSUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents...