Crypto News
Solana Surges 4.5% as Canada Launches First Spot ETFs
Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives. Solana token's price rose more than 4% on Thursday, while the broader market gauge, CoinDesk 20, rose about 3%. The $125-$127 range for SOL has emerged as a critical support zone that successfully rejected multiple downside attempts, while the $133.50-$133.60 area represents significant resistance, according to CoinDesk Research's technical analysis model. Blockchain data shows over 32 million SOL (more than 5% of the total supply) accumulated at the $129.79 level, establishing it as a crucial pivot point for future price action.Technical Analysis HighlightsSOL established a well-defined support zone between $125-127, which successfully rejected multiple downside attempts.The...
Quantum Challenge Offers a Single Bitcoin to Crack the Protocol’s Defense Mechanism
Luring quantum tinkerers, Project Eleven is dangling a one‑bitcoin bounty to whoever first demonstrates Bitcoin’s cryptographic Achilles’ heel using a quantum computer. Will a Single Bitcoin Tempt Hackers to Break Bitcoin’s Armor? Branded the “Q‑Day Prize,” the challenge asks entrants worldwide to crack a toy version of Bitcoin’s elliptic curve cryptography with Shor’s algorithm runningSource link
Ledn Eyes California Expansion as TradFi Prepares to ‘Deploy Big Dollars at Scale’: CEO
Ledn’s CEO said the centralized crypto lender now has $1.5 billion worth of assets on its platform.Source link
Bitcoin ETFs Plunge Back Into Red With $170 Million Exit
Bitcoin exchange-traded funds (ETFs) saw their recovery come to a sharp halt on Wednesday, April 16, logging a $170 million net outflow led by major withdrawals from Fidelity and Ark 21shares. Ether ETFs stayed firmly in the red, recording their seventh straight day of outflows. Bitcoin ETFs Retreat After Brief Rebound as Ether ETFs ExtendSource link
Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds
Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors' funds.According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim "fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated millions of dollars in those investors’ funds."The FBI said Kim lost "nearly all" of the $7 million he raised from investors and charged him with securities fraud and wire fraud. According to court records, Kim posted a secured bond of $250,000 and put up $100,000 in "cash or real property" to secure it.CoinDesk was first to report on the Zero Edge incident in July of last...