hodler

20 Apr 2026, 11:45

Trader turns $575 into $1 million in 2 days trading this crypto

A cryptocurrency investor’s well-timed trade in a meme coin has returned a massive 1,700-fold gain within 48 hours despite ongoing market volatility. Details of the trade indicate that the investor turned $575 into over $1 million in roughly two days by trading Asteroid Shiba (ASTEROID). On April 17, the trader spent $575 to purchase approximately 2.79 billion ASTEROID tokens. By April 19, the position had grown to a value exceeding $1 million, with on-chain data showing an unrealized profit of around $1 million on the 2.78 billion tokens still held, according to the latest data from Lookonchain . The rapid gains occurred amid a massive surge in the token’s price. ASTEROID’s market capitalization rose from under $50,000 to peaks between $160 million and $188 million within days. Notably, the token posted gains exceeding 68,000% over one week and more than 900% in shorter intervals, while trading volume climbed into the tens of millions of dollars. By press time, ASTEROID was trading at $0.0003734, having rallied over 66,000% in the past seven days. ASTEROID one-week price chart. Source: CoinGecko Why ASTEROID is rallying The catalyst was a viral story involving a Shiba Inu plush toy named Asteroid, designed by 15-year-old Liv Perrotto, a space enthusiast who died in January 2026 after battling cancer. To this end, the plush had flown as the zero-gravity indicator on SpaceX’s Polaris Dawn mission in September 2024. Following a social media post detailing Liv’s wish for Asteroid to become SpaceX’s official mascot, Elon Musk replied with “Will answer shortly” and later added “Ok,” which traders interpreted as positive confirmation. The Uniswap chart for ASTEROID/WETH shows a prolonged period of low volatility and flat trading with minimal volume. This was followed by a sudden parabolic breakout, with a steep vertical rise in price over a short timeframe on April 18–19, driven by surging buying pressure stemming from the social media hype. ASTEROID price chart. Source: Dexscreener Meanwhile, other traders also profited from the token’s massive surge . For instance, one trader reportedly turned about 1 ETH (roughly $2,500) into nearly $500,000 in hours. Long-term holders who accumulated near launch saw substantial unrealized gains after months of inactivity. Overall, ASTEROID is facing high volatility and notable price pullbacks after the initial surge. The token has no utility beyond its meme narrative, which includes a charitable element through merchandise proceeds supporting St. Jude Children’s Research Hospital. The post Trader turns $575 into $1 million in 2 days trading this crypto appeared first on Finbold .

20 Apr 2026, 11:40

Record Exodus: Public Bitcoin Miners Dump 32,000 BTC in Q1 2025 to Fuel AI Ambitions

BitcoinWorld Record Exodus: Public Bitcoin Miners Dump 32,000 BTC in Q1 2025 to Fuel AI Ambitions In a landmark shift for the cryptocurrency sector, publicly traded Bitcoin mining firms executed a record sell-off during the first quarter of 2025, liquidating approximately 32,000 BTC according to data from analytics firm Solid Intel. This unprecedented move, representing billions in value, signals a profound strategic realignment within the industry. Consequently, these companies are now channeling capital and resources toward establishing themselves as providers of high-performance computing infrastructure for artificial intelligence. This pivot reflects broader economic pressures and evolving technological opportunities reshaping the digital asset landscape. Public Bitcoin Miners Sell Record Holdings in Strategic Shift The first quarter of 2025 witnessed a seismic change in treasury management by major listed mining entities. Data indicates the 32,000 BTC sold marks a significant increase compared to previous quarters. For instance, sales in Q4 2024 totaled roughly 18,000 BTC. This surge represents a deliberate capital reallocation strategy rather than a reaction to short-term price volatility. Mining companies typically hold Bitcoin as a primary reserve asset, making such large-scale divestment a notable event. Furthermore, this activity directly impacts Bitcoin’s liquid supply on exchanges, potentially influencing market dynamics. The trend underscores a calculated move away from pure-play Bitcoin production. Several factors converged to drive this record quarterly sale. Firstly, the need to fund massive capital expenditures for new data center builds and advanced GPU procurement is paramount. Secondly, maintaining operational liquidity amid fluctuating Bitcoin prices and rising global energy costs remains critical. Additionally, shareholder pressure for diversified revenue streams and reduced cryptocurrency exposure has intensified. Companies like Core Scientific, Riot Platforms, and CleanSpark have publicly outlined plans to expand into AI cloud services. Therefore, selling Bitcoin reserves provides the necessary dry powder to execute these capital-intensive transitions without excessive debt. The Driving Force Behind the Mining Industry Pivot The strategic pivot from Bitcoin mining to AI infrastructure is not arbitrary. It is a response to converging economic and technological realities. AI model training and inference require immense, sustained computational power, creating soaring demand for data center capacity. Bitcoin mining operations already possess critical infrastructure: secure, scalable facilities with robust power contracts and cooling systems. Repurposing this infrastructure for AI workloads offers a potentially more stable and lucrative business model. The revenue from AI compute contracts is often denominated in fiat currency, providing a hedge against crypto market cycles. This transition mirrors earlier evolutions within the tech sector, where companies adapt core competencies to emerging high-demand markets. The move leverages existing expertise in large-scale, 24/7 data center management. However, the technological shift is substantial. Bitcoin mining uses specialized, single-purpose hardware (ASICs), while AI computing relies on versatile, high-performance GPUs. The retooling process requires significant investment and technical retraining. Nevertheless, the potential rewards are compelling. Analyst projections suggest the market for AI infrastructure could dwarf the current revenue potential of pure Bitcoin mining within a few years, justifying the strategic gamble. Expert Analysis on Market Impact and Future Trajectory Financial analysts and industry observers note the long-term implications of this capital migration. “We are witnessing a fundamental re-rating of public mining stocks,” stated a senior analyst at a major investment bank. “Valuations are increasingly being driven by projections for AI revenue, not just Bitcoin production and holdings.” This shift could decouple the stock performance of these firms from direct Bitcoin price movements over time. Moreover, the large BTC sales introduce a new source of sell-side pressure on the cryptocurrency market, a factor that traders and long-term holders must now consider in their models. The timeline of this transition is crucial. Most companies announced pilot projects and partnerships in late 2024, with major capital deployment scheduled throughout 2025 and 2026. The record Q1 BTC sales likely represent the initial funding wave for these plans. Market observers will closely monitor subsequent quarterly reports for metrics like: AI Revenue Percentage: The share of total income derived from non-mining operations. Hash Rate Stability: Whether Bitcoin mining operations are maintained, scaled down, or sold off. Capital Expenditure: Ongoing investment split between mining and AI infrastructure. This evolution also raises questions about network security. If a significant portion of publicly traded hash power is redirected or monetized to fund other ventures, the Bitcoin network’s mining decentralization could be affected. However, private and geographically dispersed miners may fill any potential gaps, ensuring network resilience. Conclusion The record sale of 32,000 BTC by public Bitcoin miners in Q1 2025 marks a definitive inflection point for the industry. This strategic divestment fuels a capital-intensive pivot toward becoming AI infrastructure providers, a move driven by the pursuit of more predictable revenues and alignment with a high-growth technological frontier. While this transition presents new risks and requires massive reinvestment, it fundamentally redefines the business model of listed mining companies. The coming quarters will reveal the success of this ambitious strategy and its lasting impact on both the cryptocurrency and artificial intelligence sectors. FAQs Q1: Why did Bitcoin miners sell so much BTC in Q1 2025? Public miners sold a record 32,000 BTC primarily to raise capital for a strategic shift. They are investing heavily to build data center infrastructure for artificial intelligence computing, which requires significant upfront funding for new hardware and facility upgrades. Q2: Does this mean Bitcoin mining is no longer profitable? Not necessarily. Mining profitability fluctuates with Bitcoin’s price and energy costs. The pivot to AI is a strategic diversification to build a more stable, dual-revenue stream business model that is less dependent on crypto market cycles alone. Q3: How does selling BTC affect the Bitcoin market? Large-scale sales by major holders increase the immediate selling pressure on Bitcoin, potentially impacting its price in the short term. It also reduces the BTC held in corporate treasuries, slightly increasing the circulating supply available on the market. Q4: What is AI infrastructure, and why is it attractive to miners? AI infrastructure refers to the data centers and high-performance computing hardware (like GPUs) needed to train and run artificial intelligence models. It’s attractive because it leverages miners’ existing skills in managing large-scale, power-intensive data centers and offers contracts often paid in stable fiat currency. Q5: Will public mining companies stop mining Bitcoin entirely? Most companies have not announced plans to cease Bitcoin mining completely. The likely scenario is a hybrid model where they continue mining but allocate an increasing share of resources and capital to AI operations, with Bitcoin potentially becoming one segment of a broader tech infrastructure business. This post Record Exodus: Public Bitcoin Miners Dump 32,000 BTC in Q1 2025 to Fuel AI Ambitions first appeared on BitcoinWorld .

20 Apr 2026, 11:31

Cardano Creator: XRP Holders Have No Legal Ownership Ripple’s Other Assets

A recent statement from Charles Hoskinson, founder of Cardano, has drawn attention to the structural relationship between XRP and Ripple . In an X post highlighted by crypto enthusiast Diana, Hoskinson addressed a fundamental misunderstanding among XRP holders about ownership and rights of the ecosystem. In a broadcast with CryptoWendyO, Hoskinson argued that XRP holders have no legal ownership of assets acquired by Ripple. He stated directly, “XRP holders have no legal ownership of those assets,” emphasizing that any business expansions or acquisitions made by Ripple remain under the company’s control rather than extending to token holders. NEW: Cardano Founder Says XRP Holders Have “NO LEGAL OWNERSHIP” Of Ripple’s Other Assets — Claims Ripple Kept 70–80% Of Supply During a broadcast with @CryptoWendyO , @IOHK_Charles went DIRECTLY at the $XRP model — arguing that even if @Ripple keeps making big headlines… pic.twitter.com/NNcL4SAi85 — Diana (@InvestWithD) April 18, 2026 Claims About Supply Distribution and Business Model Hoskinson also revisited longstanding criticisms about XRP’s initial distribution. He claimed that Ripple retained approximately 70% to 80% of the total supply during the project’s early stages. Based on this premise, he described what he believes to be a recurring operational model in which Ripple generates attention through announcements, influences XRP’s market price, sells portions of its holdings, and uses the proceeds to acquire other assets. According to his remarks, these acquired assets belong exclusively to Ripple as a corporate entity. He stressed that XRP holders cannot redeem their tokens for equity, business interests, or cash flows associated with those acquisitions. Hoskinson added that even if Ripple develops new financial infrastructure or expands into additional ventures, the XRP token itself does not grant holders any claim over those developments. He concluded that the token “doesn’t really have much to say or do with that,” backing his position that XRP operates independently from the ownership structure of Ripple’s broader business activities. Community Responses Highlight Legal Distinctions The statements prompted responses from members of the XRP community. A user identified as Ron Adams responded that XRP is not designed to represent ownership in Ripple, stating that no informed holder expects it to function as company stock. He added that XRP’s value proposition is tied to its role within the broader financial network Ripple is building, suggesting that growth in that ecosystem could still influence the asset’s value. Another user, identified as “xrpholder,” expressed concern that Hoskinson appeared to conflate the difference between XRP and Ripple . Meanwhile, a commenter named Jay pointed out that if XRP had characteristics implying ownership in Ripple, it could have strengthened regulatory arguments classifying it as a security. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ongoing Debate Over XRP’s Role Hoskinson’s remarks, as reported in Diana’s X post, reflect an ongoing debate within the cryptocurrency sector about how digital assets relate to the entities that develop or promote them. His comments focus specifically on the absence of legal claims for XRP holders over Ripple’s assets, while responses from the community emphasize that this distinction is already understood and, in some cases, seen as necessary from a regulatory standpoint. The exchange highlights differing interpretations of XRP’s role, particularly regarding whether its value should be viewed independently of Ripple’s corporate activities or as indirectly influenced by them. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Cardano Creator: XRP Holders Have No Legal Ownership Ripple’s Other Assets appeared first on Times Tabloid .

20 Apr 2026, 11:30

XRP A Strong Buy Before 2027 Despite 27% Drop In 2026: Finance Advisory Firm

Ripple’s long legal battle with the US Securities and Exchange Commission is finally over — and one major financial firm says that resolution, combined with a battered token price, may be setting up a rare entry point for XRP investors. Related Reading: Strategy Raises $1.76B War Chest As Saylor Signals Bigger Bitcoin Buy Regulatory Wins Fuel Fresh Optimism The Motley Fool, a US-based financial advisory firm, says XRP could be worth buying before 2027, pointing to two developments it believes most investors are overlooking. The firm’s report comes as XRP trades around $1.41, down 20% so far this year and more than 60% from its peak of $3.60 reached last summer. Ripple’s case with the SEC — which started in December 2020 — was settled in May 2025. A court dismissed the remaining appeals in August 2025. That outcome cleared a cloud that had followed the token for years, making it a far less risky proposition for large financial institutions that had previously stayed on the sidelines. New legislation is also taking shape. The GENIUS Act was signed into law last year. The Digital Asset Market Clarity Act cleared the House in July 2025 and is still working its way through the Senate. Together, reports say these laws are beginning to lay out clearer rules for how digital assets are treated in the US. A Broader Bet Than Cross-Border Payments For years, Ripple’s main pitch to banks was straightforward: use XRP to move money across borders faster and cheaper than traditional networks like SWIFT, which has processed global transactions since 1973. That argument gained some traction but never broke through at scale. Banks, by nature, are slow to abandon systems they already trust. So Ripple changed course. Rather than staking everything on replacing one system, the company began building out a wider network of projects and partners. A key move came in June 2025 with the launch of XAO DAO, a community-run initiative designed to fund development within the XRP ecosystem. Related Reading: Bitcoin Pulls Back Below $74K As Iran Tensions Rise Again Reports indicate Ripple is also positioning its technology to support anti-fraud tools and to help move traditional financial products — like exchange-traded funds — onto blockchain networks. According to the Motley Fool, this wider approach could be exactly what large institutions need to feel comfortable getting involved. Price Drop Seen As A Window Institutional interest in XRP is growing. Data shows XRP-linked exchange-traded funds are on pace for record inflows in April 2026, pulling in $65 million so far this month alone. Featured image from Meta, chart from TradingView

20 Apr 2026, 11:30

Bitcoin rebound stalls at $126,200 as $60K target looms

🚨 Bitcoin’s move above $126,200 could be a trap, warns MooninPapa. BTC targets lower: $60K, $49K, and $38,555 on the map. Continue Reading: Bitcoin rebound stalls at $126,200 as $60K target looms The post Bitcoin rebound stalls at $126,200 as $60K target looms appeared first on COINTURK NEWS .

20 Apr 2026, 11:29

DeFiLlama Co-Founder Suggests 3 Paths to Resolve $293M KelpDAO Hack Fallout

The $293 million KelpDAO hack on April 18 has left Aave, rsETH holders, and the wider DeFi ecosystem staring at a hole nobody quite knows how to fill. But on Sunday, DeFiLlama co-founder 0xngmi laid out three realistic options on the table and ran the numbers on each. Three Scenarios, None of Them Clean 0xngmi’s first option is to spread the pain. According to them, if KelpDAO socializes losses across all users, it would work out to an 18.5% haircut. There are some 666,000 rsETH sitting across Aave deployments, and most mainnet positions are looped close to the maximum loan-to-value ratio (LTV), so 0xngmi’s model assumes they are essentially at liquidation. Wiping out all equity in those positions leaves roughly $216 million in bad debt, and Aave’s Umbrella ETH coverage would absorb $55 million of that, while the protocol’s treasury could cover another $85 million, which would leave a gap of about $76 million. To close it, 0xngmi suggested that Aave could either take out a loan or liquidate its AAVE treasury tokens. That stash is currently worth around $51 million. Option two is much uglier, as it would mean “rugging” rsETH holders on layer 2 chains. This would leave Aave with $359 million of rsETH supply, and assuming it was all looped at maximum LTV, it would create $341 million of bad debt across lending markets. But since Umbrella covers none of it, 0xngmi said Aave would have to pick which markets to salvage and which to abandon, with Arbitrum, Mantle, and Base most likely to suffer the biggest losses. The third option, while most technically appealing, could be the hardest to pull off. It involves going back to a pre-hack snapshot and trying to make only the direct victims whole. This would mean paying back the $124 million the hacker is said to have taken from Aave and another $18 million from Arbitrum. But the problem is that, since the hack, the money has moved around a lot across pooled protocols, making it difficult to cleanly separate one depositor’s funds from another. OneKey founder Yishi also pushed for a fourth path that sits outside 0xngmi’s framework: negotiate with the hacker first, offering them a 10% to 15% bounty, and try to get most of the money back before any of the harder decisions need to be made. If that fails, Yishi argued that LayerZero’s ecosystem fund should carry most of the bill, given its resources and long-term interest in preserving the OFT ecosystem. How $293M Left in Two Transactions Cyvers founder Meir Dolev reconstructed the on-chain timeline for the KelpDAO attack , and it moves fast. The attacker’s wallet was funded through Tornado Cash about 10 hours before anything happened. Then, at 17:35 UTC on April 18, two transactions occurred: commitVerification on LayerZero’s ReceiveUIn302, followed 24 seconds later by IzReceive on EndpointV2. That second transaction drained 116,500 rsETH, valued at about $293.5 million, in one shot. KelpDAO’s multisig responded at 18:23 UTC by blacklisting the attacker’s recipient address on rsETH, and it worked. A second attempt, 3 minutes later, which would have taken another 40,000 rsETH worth around $100 million, hit the blacklist and reverted. According to Dolev, the root cause was quite simple: KelpDAO’s Unichain-to-Ethereum bridge required only one DVN attestation to release funds. Forging that one verification allowed the hacker to move $293 million. LayerZero also published its own statement attributing the attack to Lazarus Group’s TraderTraitor unit. The company said the protocol worked as designed and also pointed directly at KelpDAO’s 1-of-1 DVN configuration as the cause, noting it had previously recommended multi-DVN setups to all integration partners. Security researcher Andy was blunter, calling KelpDAO’s decision to run a single DVN while holding $1.5 billion in user funds “extremely irresponsible” and warning that dozens of other protocols are running the exact same setup right now. The post DeFiLlama Co-Founder Suggests 3 Paths to Resolve $293M KelpDAO Hack Fallout appeared first on CryptoPotato .