18 May 2025, 17:30

Fartcoin starts to stink as smart money exits, bearish reversal signs emerge

The Fartcoin price has pulled back from its highest point this month and is at risk of further downside as smart money investors sell and exchange balances rise. At last check Sunday, Fartcoin ( FARTCOIN ) traded at $1.20, down 14.35% from its highest point this month. Nansen data shows that the number of savvy money investors holding the Fartcoin token dropped to 37 on Sunday, down from this month’s high of 44. These investors collectively have 727 million tokens, much lower than last month’s high of 740 million. Smart money investors are closely followed because they are often seen as more experienced and sophisticated. These investors can be institutions, funds, or individuals who have demonstrated profitable on-chain behavior. Smart money investors are likely selling Fartcoin tokens to take profits after the coin surged by almost 500% from its lowest point in April. They may also exit because they expect the token to reverse in the coming weeks. Smart money is dumping Fartcoin | Source: Nansen Another red flag for the Fartcoin token is that the number of tokens on exchanges has continued to rise in the past few days. There were 174.29 million tokens on centralized and decentralized exchanges like Raydium, Kraken, and KuCoin, a 9.48% increase from last week. Rising exchange balances are usually a bearish sign since they signal that investors are moving their tokens from their cold wallets to exchanges to sell them. Fartcoin price technical analysis Fartcoin price chart | Source: crypto.news The daily chart shows that the Fartcoin price surged from a low of $0.20 in March to $1.4677 earlier this month. This rally helped to spark the recent surge in Solana ( SOL ) memecoins, which helped to turn their market cap from $6 billion to $15 billion today. On the positive side, Fartcoin price remains above the 61.8% Fibonacci Retracement level and the 50-day moving average. However, it has also formed a rising wedge pattern, a popular bearish reversal sign in technical analysis. Therefore, the outlook is bearish if it is below the resistance point at $1.4677. A move above that level will point to more gains to $2. However, there is also a risk that the Fatcoin price will drop below $1. Read more: Crypto VC funding: Gnosis, HQ lead with $14.95m acquisition; Perpl raises $9.25m

18 May 2025, 17:01

Kraken Moves Over 265 Million XRP Here’s The Destination

In a recent development that has captured the attention of the cryptocurrency community, Kraken, a prominent crypto exchange, executed a substantial transfer of XRP . According to a post by Xaif on X, Kraken moved a staggering 265,582,341.90 XRP, equivalent to approximately $622.8 million, to one of its internal wallets. The transaction has raised numerous speculations about the motive behind such a large movement. BREAKING: Kraken just transferred 265,582,341.90 $XRP (~$622.8M) to one of its wallets! What’s going on here? Massive move! pic.twitter.com/1z9289fUqv — 𝕏aif | (@Xaif_Crypto) May 18, 2025 Details of the Transaction The transaction summary, as depicted in the uploaded image, confirms that the transfer was successful, with the ledger index recorded at 96,181,521 and the transaction sequence numbered 62,158,857. The transaction fee was a nominal 0.006 XRP, highlighting the efficiency of the XRP Ledger. The transfer destination was identified as an internal Kraken wallet, tagged with the destination tag (DT) 5824. The successful delivery of the exact amount—265,582,341.902137 XRP—further affirms the transaction’s validity. Possible Motives and Market Implications The scale of this transaction naturally sparks speculation among market analysts and XRP enthusiasts. Several hypotheses can be drawn from such a significant transfer: Internal Liquidity Management: Crypto exchanges often move large sums internally to balance liquidity across various trading pairs and to maintain sufficient reserves. Security Measures: Kraken might have transferred the XRP to a more secure wallet or a cold storage solution to safeguard the assets. Strategic Market Positioning: The timing and scale could indicate a strategic decision related to market movements or upcoming developments. However, without an official statement from Kraken, the precise rationale remains speculative. Such a large transfer can potentially affect market sentiment, especially among retail investors who may interpret it as a precursor to significant trading activity. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Kraken’s Role in the Crypto Ecosystem Kraken is one of the largest and most reputable cryptocurrency exchanges, known for its robust security measures and transparency. Handling billions in trading volume, the platform is a key player in the crypto market, and any substantial movement of assets, particularly XRP, draws considerable attention. Community Reactions The crypto community on X has been actively discussing the transfer, with some users suggesting that Kraken might be preparing for a significant announcement, while others speculate about potential institutional involvement. Regardless, the lack of an official explanation leaves room for diverse interpretations. While the reasons behind Kraken’s massive XRP transfer remain unclear, the crypto space is buzzing with speculation. Such large-scale movements often ignite curiosity and sometimes anxiety among traders and investors. As Kraken remains silent on the matter, the community continues to watch closely for any further developments that could shed light on the situation. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Kraken Moves Over 265 Million XRP Here’s The Destination appeared first on Times Tabloid .

18 May 2025, 16:19

Bitcoin Futures Open Interest Surges 5.73% to $69.8 Billion, Led by CME and Binance

On May 19th, COINOTAG reported a significant update in the cryptocurrency landscape as per data from Coinglass. The total **open interest** in Bitcoin futures contracts across various exchanges soared to

18 May 2025, 15:50

Best Crypto to Buy Now? Coinbase Reveals $400M Cost of Data Hack

Coinbase faces a critical security breach just days before its S&P 500 listing. Hackers reportedly bribed insiders to bypass protocols, accessed sensitive customer data, and exposed vulnerabilities ahead of its market debut. While Coinbase has pledged full reimbursement and is collaborating with the FBI, trust has eroded—its stock COIN fell over 4% following the incident. The incident highlights broader risks for crypto: as adoption grows, bad actors are increasingly targeting internal vulnerabilities. Amid the uncertainty, investors are prioritizing projects emphasizing decentralization, community-driven security, and transparent innovation. For those evaluating where to navigate this environment, the best crypto to buy now may be those addressing systemic security challenges while advancing blockchain’s core principles. Crypto’s Trust Crisis: Coinbase Hit by $400M Hack with Insider Help Coinbase just got sucker-punched by hackers—and it’s messy. The crypto giant dropped a bombshell blog post today: attackers allegedly bribed employees and contractors to swipe customer data, potentially costing the firm a jaw-dropping $400 million. How? By impersonating Coinbase support and tricking users into coughing up their crypto. “Less than 1%” of customer data was stolen, and the criminals demanded $20 million to keep quiet. Coinbase told them to pound sand. Instead of paying up, Coinbase vowed to refund every victim, even as its stock nosedived 4.1% ahead of its S&P 500 debut. Talk about bad timing. “This isn’t just a Coinbase problem—it’s crypto’s dumpster fire,” said Nick Jones, founder of Zumo. He’s right: Chainalysis reports crypto firms lost $2.2 billion to hackers last year alone. To fight back, Coinbase fired the rogue staff, slapped a $20 million bounty on the hackers’ heads, and teamed up with the FBI. “We’re coming for these clowns,” a company rep growled. But here’s the scary part: this isn’t some lone wolf attack. As crypto goes mainstream, hackers are weaponizing insider access like never before. Remember the $600M Poly Network heist? Or the Axie Infinity disaster? Coinbase is now urging users to double-check every email and enable two-factor authentication—because even the “safest” platforms aren’t bulletproof. “We’ll fix this,” they promised, but trust is crumbling faster than a stale cookie. Bottom line? Crypto’s gold rush is a hacker’s playground, and until companies lock down their teams, we’re all just sitting ducks. Best Crypto To Buy Now As Coinbase scrambles to clean up a $400 million mess, it’s clear that trust in crypto is changing. This breach wasn’t about weak passwords; it was insiders flipping for cash. With the “safest” crypto firm burned, the industry must brace for more. But amidst the chaos, certain tokens are rising, built with solid security and utility-first ecosystems. These projects aren’t just hype—they’re hope. The best crypto to buy now as Coinbase’s fall reshapes trust in the market. Bitcoin As Coinbase stumbles, Bitcoin stands tall—battle-hardened, borderless, and immune to insider bribes. In a world where platforms get hacked, BTC reminds us: be your own bank, or risk losing everything. The price of Bitcoin soaring above $100K once again, leading many to speculate that Satoshi Nakamoto, the creator of Bitcoin, may have surpassed Microsoft co-founder Bill Gates in wealth. According to blockchain analytics firm Arkham, Satoshi’s crypto wallet is estimated to hold around $113.8 billion in Bitcoin, as reported by Benzinga—while Bill Gates' net worth is estimated at $112.9 billion by Forbes. Undoubtedly, Bitcoin is poised to reach even greater heights, with experts like Arthur Hayes and JP Morgan predicting that its saturation point is still a long way off. In technical terms, it is currently trading at around $104K with a market cap of $2.06 trillion, securing its position in 1st place. It has shown a 0.52% growth in the past 24 hours, suggesting that the saturation point is still far off, creating an opportunity for potential buyers to capitalize on upcoming opportunities. Bitcoin's influence extends beyond finance, often referred to as "digital gold." It also holds political weight—recently, Eric Trump remarked, "Everyone in the world is trying to hoard Bitcoin right now. Mind of Pepe Coinbase got tricked, highlighting the need for simpler and more secure alternatives. With its unique and innovative roots, it’s fair to say that Mind of Pepe mocks the mess. This meme-fueled thinker thrives on irony, weaving chaos into creativity. In a world of hacks and heists, Pepe’s mind games focus on delivering sharp market insights—many of which are likely to emphasize the importance of security. Mind of Pepe combines the comedic themes of memes with the advantages of an AI-driven ecosystem. Developed by Elvora Labs, Mind of Pepe features an AI agent that learns from the crypto ecosystem and provides sharp insights in the form of posts on X, while also engaging with the broader cryptocurrency community. Among the many tools developed by the Mind of Pepe team, the focus is on crypto insights, trading alpha calls, and the ability to create and deploy tokens. These factors have helped it raise close to $10 million to date, with its presale set to end by the end of May. Solana Coinbase crumbles from within—but Solana’s chain races ahead, unbothered. With lightning-fast speeds and a builder army, it’s not just scaling—it’s surviving the trust collapse. While others patch holes, SOL rewrites the infrastructure. It’s not just hype—it’s horsepower. In a study by CoinMarketCap, it was revealed that the top seven performing ecosystem tokens are meme coins or meme coin-related projects. This underscores the growing importance of Solana in crypto space. As one of the leading blockchains, Solana’s major demand stems from meme coin trading, thanks to its seamless user experience. According to Messari’s State of Solana Q1 2025 report , Pump.fun, a platform on the Solana blockchain that enables users to quickly create and trade meme coins, emerged as the top revenue generator for Solana apps in Q1 2025. SendAI integrations now tending to look like the @solana Ecosystem Map :)We’re turning Solana into the SDK chain.It’s now time for a GOD Mode! pic.twitter.com/5YLYqVJDYH — Yash (@yashhsm) May 17, 2025 Often referred to as the "Ethereum killer," Solana—named after a small coastal city in Southern California—was launched in March 2020 by Anatoly Yakovenko. BTC BULL While insiders sell out and exchanges implode, BTC Bull charges forward. Built to thrive in chaos, this bull doesn’t flinch when giants fall—it feeds on the panic. High-energy, low-trust markets are its arena. No gloves, no breaks—BTC Bull is charging full throttle toward its new target of raising $6M in its presale. With a powerful tokenomics structure built on a dual system of token burns and airdrops, BTC BULL is making waves in crypto space. The platform rewards users with real Bitcoin when key milestones are reached, such as $150K, $200K, and $250K in Bitcoin’s value. One of the famous crypto YouTubers, ClayBro , has predicted that there could be a massive rise in the price of Bitcoin. Additionally, with high staking rewards, BTC BULL offers users a chance to earn passively—whether one is a beginner or an experienced trader—while benefiting from the strength and longevity of Bitcoin, the oldest and most established cryptocurrency. Conclusion Coinbase may recover and address the breach, but the impact extends beyond stolen data or temporary stock declines—it challenges trust, which rebuilds slowly. In an industry where future breaches remain a risk, resilience depends on vigilance. The best crypto to buy now includes projects designed with decentralized frameworks and community-driven security, reducing reliance on centralized weak points. While established platforms address vulnerabilities, strategic investors are shifting focus to protocols that emphasize transparency, robust infrastructure, and long-term viability. That’s why half of the investor picks listed in this article are innovative crypto ICOs. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

18 May 2025, 15:26

Bitcoin Hitting $250,000 In 2025 Is ‘Totally Possible’, According To Popular Crypto Pundit

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up to skyrocket to $250,000 this year. In a recent interview , crypto analyst Scott Melker, also known as the Wolf of All Streets, highlighted increasing institutional interest and waning volatility as key catalysts that could propel the price of the premier crypto higher. “$250K this year, totally possible,” Melker posited, noting that Bitcoin’s volatility has dropped drastically in recent years. “It used to be about three times as volatile as the S&P. Now it’s less than two times.” Melker mentioned increasing participation from pension funds and exchange-traded fund issuers as evidence of a more mature and stable market. According to the analyst, the reduced volatility mirrors a wider trend of institutional adoption. “The more institutional money, the more Wall Street money, the more long-term holders get involved, the less volatility there’s going to be,” the Wolf of All Streets explained. “Extremely Bullish Backdrop” The crypto market has been on a tear so far this year. Bitcoin has recently rebounded above the $105,000 mark, while Ethereum (ETH) jumped back above $2,500. Coinbase’s inclusion in the broad-market S&P 500 stock index is a significant milestone for the crypto industry, providing millions of average investors and model portfolios with exposure to a crypto-focused company. The S&P 500 tracks 500 of the biggest publicly traded companies in the United States across different sectors, including tech, healthcare, finance, etc. Notable names in the index include Apple, Microsoft, Amazon, and Google. Melker observed that Coinbase is not just joining the index, but is becoming one of the top 50 companies by market cap, indicating how entrenched some crypto firms have become. Moreover, other crypto-centric companies like Galaxy Digital and eToro are going public, a sign of growing confidence in the regulatory atmosphere under the Trump regime. The pundit believes that this environment, buoyed by dismissed Securities and Exchange Commission (SEC) lawsuits and pro-crypto executive orders, has created what he deems “an extremely bullish” backdrop for the industry. Despite being optimistic, Melker still noted that most analysts are generally predicting cycle peaks between $120,000 and $150,000. Nevertheless, he stressed that parabolic rallies are not uncommon in the crypto world. “From the 2020 lows to the last bull market, Bitcoin went from $3,000 to $69,000. A 2.5x from here wouldn’t be a big deal.”

18 May 2025, 15:04

Russian authorities detain Blum co-founder in criminal fraud case: report

The Zamoskvoretsky Court of Moscow initiated the arrest of a former Binance executive and co-founder of the Blum tap-to-earn app, Vladimir Smerkis, on fraud charges. According to Russian news site TASS, citing law enforcement agencies, the Zamoskvoretsky District Court granted an investigator’s request to detain Smerkis for alleged fraud. Details regarding the charges remain unclear. The agency’s interlocutor cited Article 159 of the Criminal Code of the Russian Federation. News of the arrest comes one day after Blum posted on social media that Smerkis has stepped down from his role as CMO. You might also like: Base Chain transactions surge as DEX volume nears $400b milestone Smerkis “is no longer involved in the development of the project or in any co-founder capacity,” the company said on X. In a separate post, Blum thanked Smerkis “for his contribution to the project,” adding that day-to-day operations will continue as usual. What is Blum? Blum is a Telegram-based tap-to-earn (T2E) crypto mini-app that combines gamified earning with a hybrid decentralized exchange (DEX) platform. Launched by a team including former Binance executives, Blum aims to make crypto accessible and engaging for both newcomers and seasoned traders. Smerkis was previously in charge of the Binance CIS segment. Read more: Bitcoin stalls, but chart watchers eye $300,000 peak: Here’s when