More
    Home Blog Page 2

    Evan Tangeman Gets 70 Months for $263M Crypto Theft Role

    0


    Felix Pinkston
    Apr 25, 2026 22:11

    Evan Tangeman sentenced to 70 months for laundering $263M in stolen crypto. DOJ cracks down on social engineering scams targeting crypto users.





    Evan Tangeman, a 22-year-old California man, has been sentenced to 70 months in prison for his role in laundering $263 million stolen by a sophisticated criminal group targeting cryptocurrency users. The sentencing, handed down on April 25, 2026, also includes three years of supervised release, according to the U.S. Department of Justice (DOJ).

    As a key member of the so-called “Social Engineering Enterprise” (SE Enterprise), Tangeman admitted to converting stolen crypto into fiat, managing luxury rentals for the group, and attempting to destroy evidence after co-conspirators were arrested. The group employed social engineering tactics—such as impersonating exchange staff—and even physical burglaries to steal funds, including a single heist in August 2024 that netted over 4,100 Bitcoin from a victim in Washington, D.C.

    Jeanine Pirro, the U.S. Attorney for the District of Columbia, described the scheme as “brazen greed” and criticized Tangeman’s efforts to cover up the enterprise’s crimes. “This office and the court have treated that accordingly,” Pirro said.

    The sentencing highlights the growing sophistication of crypto-related crime. Losses from scams and hacks reached $482 million in Q1 2026, according to industry estimates. Social engineering remains a favored method for attackers, with incidents ranging from domain hijacks to violent home invasions targeting crypto holders.

    Wider Implications for the Crypto Sector

    The Tangeman case underscores the risks crypto investors face beyond digital vulnerabilities. Criminal enterprises targeting users often exploit weak personal security measures, such as poor password hygiene or reliance on easily accessible recovery methods.

    The DOJ’s crackdown on SE Enterprise reflects increased enforcement against crypto crimes, but the sector remains a target for both cyber and physical threats. Notably, France has seen a sharp rise in violent “wrench attacks,” with 41 kidnappings of crypto holders reported in Q1 2026 alone. Pavel Durov, co-founder of Telegram, attributed these attacks to leaked tax data exposing crypto investors’ identities.

    In response, governments like France are rolling out preventative measures, but systemic risks remain high. For traders and investors, the Tangeman case is a reminder to prioritize both digital and physical security. Keeping funds in cold wallets, avoiding public disclosures of holdings, and using multi-factor authentication are crucial steps to mitigate risks.

    With crypto-related scams and attacks escalating—both online and offline—investors must stay vigilant. The DOJ’s actions may offer a deterrent, but as long as crypto remains highly lucrative, it will remain a prime target for bad actors.

    Image source: Shutterstock


    Source link

    CFTC Sues New York Over bid to Apply Gambling Laws to Prediction Markets

    0

    The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated prediction market platforms, escalating a growing clash over who has authority to oversee these products.

    In a complaint lodged in the US District Court for the Southern District of New York, the CFTC argued that federal law gives it exclusive authority over these markets, asking the court for a declaratory judgment and a permanent injunction against New York’s enforcement actions.

    “CFTC-registered exchanges have faced an onslaught of state lawsuits seeking to limit Americans’ access to event contracts and undermine the CFTC’s sole regulatory jurisdiction over prediction markets,” CFTC Chair Michael Selig said.

    Earlier this week, New York filed suits against Coinbase and Gemini, claiming their offerings violated state gambling rules. The state had also previously targeted Kalshi, ordering it to halt parts of its sports-related contracts.

    Related: Kalshi, Polymarket among 27 prediction platforms banned in Brazil

    States say federal law doesn’t legalize sports betting

    On Friday, a coalition of 37 states and Washington, D.C. filed an amicus brief supporting Massachusetts in its case against Kalshi, urging Massachusetts’ highest court to reject Kalshi’s argument that federal law allows it to offer sports betting nationwide without following state rules.

    Kalshi argues its betting products are “swaps” regulated by a federal agency under a 2010 financial law. The states say that law was never meant to legalize or control sports betting and does not clearly override state authority, which has historically governed gambling.

    37 states back Massachusetts in amicus brief. Source: New York Gov

    37 states back Massachusetts in amicus brief. Source: New York Gov

    The states also argue that removing state oversight would weaken protections. State laws currently handle licensing, age limits, fraud prevention, and gambling addiction, which are areas not covered by federal financial regulation.

    Related: US appeals court upholds preventing New Jersey enforcement against Kalshi

    States ramp up crackdown on prediction markets

    State officials have taken a more aggressive stance against prediction markets in recent months, issuing cease-and-desist letters and pursuing legal action against firms offering prediction contracts.

    States like Arizona, Connecticut and Illinois are seeking to enforce gambling laws against prediction platforms. Earlier this month, a Nevada judge extended a ban preventing Kalshi from offering event-based contracts in the state, siding with regulators who argue the products amount to unlicensed gambling.

    Magazine: How to fix suspected insider trading on Polymarket and Kalshi

    Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

    Source link

    Bitcoin traders eye $73K next as weekly trend line holds price hostage

    0

    Bitcoin market participants favored a short-term return to $73,000 as resistance stayed in place, with some analysis seeing even lower levels.

    Source link

    AAVE Price Prediction: $102 Target Within 14 Days as Smart Money Goes Long

    0


    James Ding
    Apr 25, 2026 10:56

    AAVE sits in technical limbo at $96 with whales loading up 58.3% long positions despite aggressive selling pressure. The convergence of support levels and oversold moving averages sets up a probabl…





    AAVE’s Technical Reality Check

    AAVE is caught in a classic consolidation squeeze at $96.15, trading smack in the middle of its Bollinger Bands with momentum indicators painting a mixed but increasingly constructive picture. The RSI sitting at 47.25 shows neither overbought exhaustion nor oversold capitulation – this is textbook accumulation territory where smart money typically builds positions.

    The MACD histogram flatlined at zero signals the end of the recent bearish momentum that dragged AAVE down from its 200-day moving average at $154. While the price remains below both the 20-day ($97.06) and 50-day ($102.66) moving averages, the 7-day SMA at $93.08 is providing solid support underneath current levels. This technical sandwich between $93-97 is compressing volatility ahead of the next directional move.

    Volume & Price Alignment

    The derivatives market is telling a compelling story that contradicts surface-level selling pressure. While the taker buy/sell ratio shows aggressive selling at 0.72 (meaning sellers are hitting bids harder than buyers are lifting offers), the smart money positioning tells the opposite story. Top traders maintain a bullish 1.40 long/short ratio with 58.3% positioned long – these aren’t retail panic sellers but sophisticated players accumulating on weakness.

    Daily volume of $16.7 million on Binance spot remains below average, suggesting this consolidation phase lacks the conviction needed for a major breakdown. The funding rate at 0.0077% stays neutral, indicating no excessive leverage building in either direction. Open interest dropped 1.1% to $60.4 million, likely from weak hands getting shaken out rather than institutional position reduction.

    Expert Outlook Context

    The analysts at Blockchain.news note the absence of fresh fundamental catalysts in the near term, with no major KOL predictions surfacing in recent sessions. This news vacuum actually works in AAVE’s favor – it removes headline risk while allowing technical factors to drive price discovery. The DeFi lending protocol continues operating without major protocol updates or governance drama, maintaining its position as a blue-chip DeFi play.

    Without external noise, AAVE’s price action will likely follow pure technical patterns and institutional flow, which currently favors the bulls based on smart money positioning.

    Forward Price Path

    The setup screams for a 7-14 day rally targeting the 50-day moving average at $102.66. The probability matrix breaks down to 65% chance of testing $102-105 resistance cluster within two weeks, 25% chance of grinding sideways in the $93-98 range, and only 10% probability of breaking below the $91.79 strong support level.

    The key trigger will be a decisive break above $97.32 immediate resistance, which would activate stops from short sellers and draw in momentum buyers. Target $102 represents a clean 6% upside with manageable 4% downside risk to support at $93. Risk management suggests entering on any dip below $95 with stops under $91.50.

    Blockchain.news Crypto Market

    Image source: Shutterstock


    Source link

    Brazil Bans 27 Prediction Platforms, Including Kalshi and Polymarket

    0

    Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket.

    The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore operate illegally.

    “We have been monitoring the evolution of this sector in Brazil, which suffered a period of anarchy because there were no rules, no oversight, from 2018 to 2022,” Finance Ministry executive secretary Dario Durigan reportedly said during a press conference at the Palácio do Planalto.

    The crackdown follows Resolution 5.298 issued by Brazil’s National Monetary Council (CMN) on Friday, which takes effect in early May and sharply limits what prediction market platforms can offer. Under the new rules, contracts tied to sports, politics, entertainment, or social events are banned, as authorities consider them closer to gambling than financial investments.

    Only contracts linked to economic indicators, such as inflation, interest rates, exchange rates, or commodity prices, will remain allowed and fall under financial market oversight.

    Related: Kalshi bans 3 US politicians for betting on their own election races

    Brazil flags prediction platforms as debt risk

    Durigan claimed that prediction markets could deepen household debt and expose users to financial harm. “At a time when we are working to reduce debt levels among families, small businesses, and students, we must also prevent new forms of harmful indebtedness,” he said.

    The blocked platforms include a mix of international and Brazil-focused services, with major names including Kalshi, Polymarket, PredictIt, Robinhood (via its forecasting feature) and Fanatics Markets.

    Banned prediction markets in Brazil. Source: Agência Brasil

    Banned prediction markets in Brazil. Source: Agência Brasil

    Other affected platforms include ProphetX, Hedgehog Markets, Novig, Polyswipe, PRED Exchange and Stride, alongside several Brazil-focused services such as Palpita, Cravei, Previsao, and MercadoPred.

    Related: Prediction market battle gets closer to Supreme Court

    More countries ban prediction markets

    A growing number of jurisdictions have moved to ban prediction markets, often folding them into gambling or financial regulations. Several European nations, including France, Belgium and the Netherlands, have blocked or penalized platforms operating without authorization.

    In the United States, the situation is more fragmented, with an ongoing tug-of-war between federal regulators and individual states over prediction markets.

    Magazine: How to fix suspected insider trading on Polymarket and Kalshi

    Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

    Source link

    XRP Eyes 30% Gains as Exchange Outflows Hit 35M Tokens in a Day

    0

    XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead.

    XRP/USD daily chart. Source: TradingView

    Key takeaways:

    • Exchange outflows, positive whale flows and strong ETF demand raise XRP’s bullish outlook.
    • A wedge setup sees the price rising roughly 30% by June.

    Nearly 35 million XRP in exchange outflows boost upside case

    As of Saturday, XRP Ledger (XRPL) had recorded nearly 35 million XRP in exchange outflows in the last 24 hours, logging its sixth-largest daily outflow of the year, according to Santiment.

    Large exchange outflows typically suggest investors are moving tokens into private wallets or custody, reducing the amount of XRP immediately available for sale. Earlier this year, these spikes preceded modest rallies in the XRP price.

    XRP Ledger exchange outflows versus XRP price. Source: Santiment

    In March, a similar spike in exchange outflows preceded a roughly 20% rebound in XRP. February’s outflow surge was followed by an even stronger move, with XRP rising about 48&–50%.

    Those precedents strengthen the view that the latest withdrawal spike may lead to higher XRP prices in May.

    Also, US-based spot XRP ETFs have witnessed three consecutive weeks of net inflows, totaling about $82.88 million as of Saturday, according to SoSoValue data. The streak pushed the total assets under management to $1.1 billion.

    XRP ETF weekly net flows. Source: SoSoValue

    This indicates an increased institutional appetite for XRP products.

    Positive whale flows reinforce upside sentiment

    XRP whale flows have also flipped positive, according to CryptoQuant data, suggesting larger wallets are now accumulating rather than distributing.

    The 90-day moving average of XRPL whale flows has moved back above zero after spending much of early 2026 in negative territory.

    XRP whale flow 30DMA. Source: CryptoQuant

    Historically, positive whale-flow regimes have preceded stronger XRP price trends, including the May–July 2025 rally.

    The shift supports the broader accumulation narrative already visible in exchange outflows and ETF inflows.

    XRP wedge setup hints at 30% rally next

    XRP’s technical structure supports the upside case.

    The XRP/USD pair has spent the past two years inside a falling wedge, defined by two downward-sloping, converging trend lines. Its April rebound from the lower trend line support now raises the odds of a move toward the upper boundary.

    XRP/USD weekly chart. Source: TradingView

    That target zone aligns with the 50-week EMA and the 0.5 Fibonacci retracement near $1.87–$1.89, about 30% above current levels, by June.

    Related: XRP holders back in profit as price eyes potential 55% breakout

    Conversely, a decisive break below the wedge’s lower trend line risks invalidating the bullish narrative altogether.

    It may instead raise the odds of the price declining toward the $0.98 mark, aligning with the wedge’s apex point and the 0.786 Fib line.

    Source link

    Hyperliquid Whale Shorts Bitcoin, Is A $75K Retest Incoming

    0

    Key takeaways:

    • A whale linked to asset manager Fasanara Capital holds a $38 million crypto short position, but will it impact Bitcoin’s price?
    • Negative futures funding rates at Binance and Bybit point to unusual demand for bearish positioning despite BTC’s recent price gains.

    Bitcoin (BTC) struggled to trade above $78,000 on Friday, but the overall setup remains bullish. BTC gained 29% since the $60,100 yearly low on Feb. 6, and many analysts believe it is on the verge of a longer-term breakout. At the same time, a bearish Bitcoin whale on Hyperliquid exchange has maintained a large short position. The whale has made $159 million in profits over the past seven months. Does its positioning provide any signal that the market should pay attention to? 

    Hyperliquid whale profit and loss data. Source: CoinGlass

    The entity behind address 0x7fda…c517d1 (also known as BobbyBigSize) on Hyperliquid exchange excelled during the market crash between October to November 2025 by placing leveraged short bets on Ether (ETH), Hyperliquid (HYPE), Avalanche (AVAX), and Fartcoin, among others. The account has failed to sustain its gains, resulting in a $561,000 loss over the past 30 days.

    The whale is bullish on ETH, but bearish on BTC and altcoins

    Using algorithmic trading, the whale opened short-duration long positions in Bitcoin and Solana (SOL) in the past, resulting in a staggering $11 billion in trades on Hyperliquid exchange. BobbyBigSize currently holds $19.4 million in assets deposited on the platform. 63% of its trades result in positive outcomes, which is considered highly successful.

    BobbyBigSize’s current positions, USD. Source: Hyperdash

    Currently, BobbyBigSize holds a $38 million short position in BTC and multiple altcoins. The trader also opened a $21 million leveraged long ETH position last week, indicating short-term confidence. Generally, the portfolio positioning is bearish, suggesting an expectation of a short-term correction.

    Related: Critical Bitcoin trend change in works, but analysts say daily close above $80K required

    The average trade duration for BobbyBigSize has been slightly longer than two weeks, while the median position has lasted for less than four days, according to Hyperdash data. Arkham data previously linked this address to Fasanara Capital, a London-based institutional asset manager. The company reportedly manages over $5 billion in assets.

    Source: X/Arkham

    According to Fasanara Digital’s website, it launched in 2018 and manages $400 million across market-neutral strategies and venture investments. In parallel, a quantitative multi-manager approach in various liquid markets manages $150 million. However, the strategy behind the fund’s approach to cryptocurrency was not clearly specified.

    Hyperliquid DEX annualized funding rates. Source: Hyperliquid.xyz

    Funding rates for BTC and ETH stood slightly positive on Hyperliquid, indicating moderate demand for leveraged long positions. Under neutral circumstances, longs pay 6% to 12% annualized rates to maintain their positions. Currently, funding rates are negative on Binance and Bybit, signaling unusually high demand for bearish leverage.

    Algorithmic traders are erratic and unpredictable, and losses by “BobbyBigSize” over the past couple of months evidence that no single trading strategy lasts indefinitely. However, this whale’s bearish positioning aligns with the increased demand for leveraged short positions; therefore, Bitcoin traders should not discard the possibility of a retest of the $75,000 level.

    Source link

    Nakamoto taps Bitwise and Kraken for Bitcoin options strategy to hedge risk

    0

    Nakamoto launched a Bitcoin derivatives program with Bitwise and Kraken, aiming to generate options premiums and hedge part of its BTC treasury exposure.

    Source link

    Strategy stock beats Bitcoin after rising 25% in a month: BTC bottom in?

    0

    Historically, MSTR’s outperformance signals traders are taking more risk, betting Bitcoin’s worst drawdown phase may be over.

    Source link

    AAVE Price Prediction: $105 Target Faces $80 Support Test – Critical 30-Day Crossroads

    0


    Ted Hisokawa
    Apr 24, 2026 10:41

    AAVE trades at a technical inflection point with derivatives data showing smart money positioning for upside despite neutral momentum indicators. The analysts at Blockchain.news identify a 35% prob…





    AAVE’s Technical Crossroads

    AAVE sits at $94.06 in a state of technical limbo that precedes major directional moves. The RSI at 44.94 occupies neutral territory while the MACD histogram flatlining at 0.0000 confirms momentum has completely stalled. Yet beneath this surface calm, the token managed a 2.72% daily gain, revealing underlying buying interest that contradicts the stagnant momentum readings.

    The Bollinger Band positioning at 0.40 places AAVE in the lower half of its trading channel, with the middle band at $96.94 providing immediate resistance and the lower band at $82.14 establishing critical support. This $14.80 range compression typically resolves with sharp breakouts as market participants choose direction.

    Institutional vs Retail Positioning

    The derivatives landscape reveals a tale of two markets. While $25.6 million in 24-hour spot volume indicates steady institutional participation, the real story emerges from futures positioning. Open interest contracted 2.72% to $58.7 million as the funding rate turned negative at -0.0007%, signaling long position liquidations and smart money rebalancing.

    The positioning data exposes a critical divergence: top traders maintain 59.1% long exposure with a 1.44 ratio, while retail sentiment remains balanced at 1.10. This gap between sophisticated and retail positioning historically precedes significant price moves. The taker buy/sell ratio at 0.987 shows minimal selling pressure despite technical weakness, suggesting accumulation continues at current levels.

    Market Structure Analysis

    AAVE faces a binary setup over the next 30 days based on its technical and derivatives structure. The upside path requires breaking above $96.87 immediate resistance, which would target the stronger resistance zone at $99.68 before potentially reaching $105. This scenario carries approximately 35% probability given current whale positioning and the potential for an oversold bounce.

    The downside path involves failure at $91.19 immediate support, triggering algorithmic stops toward $88.32 and potentially the lower Bollinger Band near $82.14. This outcome holds roughly 65% probability as the bearish MACD divergence and neutral RSI provide limited technical support for buyers.

    Volatility Window

    The 7-day outlook appears particularly volatile given AAVE’s $8.71 Average True Range, suggesting daily moves approaching 9% remain probable. Smart money positioning favors the upside breakout scenario, but sustained rallies above $100 require retail participation to follow institutional accumulation patterns.

    The absence of fresh fundamental catalysts means AAVE trades purely on technical levels and derivatives flows, potentially enabling cleaner price discovery without external narrative interference.

    Blockchain.news Crypto Market

    Image source: Shutterstock


    Source link