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28 Apr 2026, 21:25

Eric Trump Slams Forbes Report on ABTC as a ‘Disgrace to Journalism’ Amid Crypto Losses

BitcoinWorld Eric Trump Slams Forbes Report on ABTC as a ‘Disgrace to Journalism’ Amid Crypto Losses Eric Trump, the second son of President Donald Trump, has publicly condemned a Forbes report on Bitcoin miner American Bitcoin (ABTC) as a “disgrace to journalism.” This strong reaction follows an article that described ABTC as an arbitrage vehicle targeting investors who support the MAGA movement. The Forbes report highlighted a dramatic 92% drop in ABTC’s market capitalization, from $13.2 billion to $1.24 billion, causing an estimated $500 million in losses for retail investors. In a detailed response, Eric Trump defended the company, citing strong fourth-quarter revenue and significant Bitcoin holdings. This clash underscores growing tensions between media outlets and crypto industry figures. Eric Trump vs. Forbes: The ABTC Controversy The dispute began when Forbes published an investigative report on American Bitcoin (ABTC), a publicly traded Bitcoin mining company. The report claimed ABTC operated as an arbitrage vehicle, primarily attracting investors aligned with the MAGA movement. Forbes alleged that the company’s market capitalization collapsed by approximately 92%, wiping out roughly $500 million in retail investor value. Eric Trump quickly responded on social media, calling the article “propaganda” and accusing Forbes of political bias. He argued that the report misrepresented ABTC’s financial health and ignored its operational successes. For context, ABTC went public in 2021 during a crypto bull run. Its peak valuation of $13.2 billion reflected market optimism about Bitcoin mining. However, the 2022 crypto winter and rising energy costs hit miners hard. ABTC’s stock price fell sharply, mirroring broader industry trends. Forbes framed this decline as a failure of the company’s business model. Eric Trump countered by emphasizing ABTC’s fourth-quarter revenue of $78.3 million, a 22% increase from the previous quarter. He also noted that ABTC holds over 7,000 Bitcoin, ranking it as the 16th largest publicly traded corporate holder of the asset. Key data points from the dispute include: Market cap peak: $13.2 billion Current market cap: $1.24 billion Estimated retail losses: $500 million Q4 revenue: $78.3 million (up 22% quarter-over-quarter) Bitcoin holdings: Over 7,000 BTC Corporate ranking: 16th largest publicly traded Bitcoin holder Understanding the Forbes Report’s Allegations Forbes described ABTC as an arbitrage vehicle, meaning it profited from price differences between Bitcoin and its mining costs. The report suggested that the company marketed itself to MAGA-supporting investors, leveraging political affiliation to attract capital. This claim sparked Eric Trump’s accusation of propaganda. He stated that Forbes was “spreading lies for political reasons.” The report also highlighted the massive losses suffered by retail investors, who bought ABTC shares at inflated prices during the crypto boom. Industry experts note that many Bitcoin mining stocks experienced similar declines during the 2022 bear market. For example, Marathon Digital Holdings saw its stock drop over 80% from its peak. However, ABTC’s decline was steeper, raising questions about its specific business practices. Forbes interviewed former employees and analysts who claimed the company prioritized marketing over operational efficiency. Eric Trump dismissed these claims, pointing to the revenue growth and Bitcoin accumulation as evidence of a solid business. The Role of Media in Crypto Reporting This incident highlights a broader debate about media coverage of the cryptocurrency industry. Critics argue that outlets like Forbes often focus on negative stories, creating a biased narrative. Supporters of the report counter that journalists have a duty to investigate potential fraud and investor harm. The ABTC case involves high-profile political connections, which may amplify media scrutiny. Eric Trump’s involvement adds a layer of political tension, as the Trump family has embraced cryptocurrency in recent years. In 2024, Donald Trump launched a crypto-themed NFT collection and accepted campaign donations in digital assets. This alignment makes ABTC a target for both financial and political criticism. Eric Trump’s defense of the company may be seen as protecting the family brand. However, his use of specific financial data suggests a genuine effort to correct what he views as misinformation. Impact on ABTC Investors and the Market The Forbes report has immediate consequences for ABTC’s stock price. Following the article’s publication, ABTC shares fell an additional 5% in after-hours trading. Retail investors who bought at the peak face significant losses. Many are now questioning the company’s long-term viability. Eric Trump’s response may reassure some investors, but the damage to confidence could persist. Bitcoin mining companies face ongoing challenges, including high energy costs, regulatory uncertainty, and Bitcoin price volatility. ABTC’s strategy of holding large Bitcoin reserves provides a buffer, but it also exposes the company to market swings. The 7,000 BTC holdings are worth approximately $350 million at current prices, offering some financial stability. However, the company’s debt and operational costs remain concerns. A timeline of key events: 2021: ABTC goes public during crypto bull market 2022: Crypto winter begins; ABTC stock declines 2023: Company reports mixed financial results 2024: Forbes publishes investigative report 2025: Eric Trump responds publicly Expert Analysis and Industry Reactions Financial analysts have weighed in on the dispute. Some support Forbes’s findings, noting that ABTC’s business model relied heavily on retail investor enthusiasm. Others argue that the report overlooked the company’s operational improvements. A crypto analyst from a major investment firm stated, “ABTC’s revenue growth is real, but the market cap decline reflects broader industry trends. The Forbes report may have overstated the company’s problems.” Legal experts also note that Eric Trump’s public defense could have implications. If the Forbes report contains inaccuracies, ABTC could pursue legal action for defamation. However, proving malicious intent is difficult. The First Amendment protects media outlets from many defamation claims, especially when reporting on public figures. Eric Trump’s status as a public figure raises the legal bar for proving libel. Comparing ABTC to Other Bitcoin Miners To provide context, here is a comparison of ABTC with other major Bitcoin mining companies: Company Market Cap (Peak) Current Market Cap Bitcoin Holdings ABTC $13.2B $1.24B 7,000 BTC Marathon Digital $8.5B $2.1B 15,000 BTC Riot Platforms $6.2B $1.8B 8,000 BTC This table shows that ABTC’s decline is steeper than its peers, but its Bitcoin holdings are also smaller. The company’s focus on retail investors may have amplified the sell-off during the bear market. Conclusion Eric Trump’s condemnation of the Forbes report on ABTC highlights the ongoing clash between media scrutiny and crypto industry defenders. The report’s allegations of an arbitrage vehicle targeting MAGA investors have sparked a heated debate. While Forbes presents evidence of significant retail losses, Eric Trump counters with data on revenue growth and Bitcoin holdings. This controversy underscores the need for balanced reporting in the crypto space. Investors should carefully evaluate both sides before making decisions. The ABTC case serves as a reminder of the risks and rewards in the volatile cryptocurrency market. FAQs Q1: What did Eric Trump say about the Forbes report on ABTC? Eric Trump called the Forbes report a “disgrace to journalism” and accused the publication of spreading propaganda for political reasons. He defended ABTC by highlighting its Q4 revenue growth and Bitcoin holdings. Q2: What were the main allegations in the Forbes report? Forbes alleged that ABTC operated as an arbitrage vehicle targeting MAGA-supporting investors. The report claimed the company’s market cap dropped 92%, causing $500 million in retail investor losses. Q3: How did ABTC’s financial performance compare to its peers? ABTC’s Q4 revenue reached $78.3 million, a 22% increase quarter-over-quarter. It holds over 7,000 BTC, ranking 16th among publicly traded corporate Bitcoin holders. However, its market cap decline was steeper than competitors like Marathon Digital. Q4: What impact did the Forbes report have on ABTC’s stock? Following the report’s publication, ABTC shares fell an additional 5% in after-hours trading. The controversy may further erode investor confidence in the company. Q5: Could Eric Trump take legal action against Forbes? Legal action is possible, but proving defamation is difficult for public figures. The First Amendment protects media outlets from many claims unless malicious intent is proven. This post Eric Trump Slams Forbes Report on ABTC as a ‘Disgrace to Journalism’ Amid Crypto Losses first appeared on BitcoinWorld .

28 Apr 2026, 21:16

XRP Records Strongest Monthly ETF Inflow Surge Since December 2025

XRP ETFs Extend Green Streak as Institutional Demand Builds Toward $1.1B Milestone XRP spot ETFs are gaining steady momentum again, with the latest weekly figures showing investor demand not just returning, but holding firm at elevated levels. Market analyst X Finance Bull reports that XRP spot ETFs have logged another green week, continuing a steady trend closely tracked by institutional investors. Last week saw $15.74M in net inflows, pushing total net assets to about $1.10B, modest on paper, but the real signal is the consistency of inflows holding firm week after week. Zooming out, the picture looks even clearer. April has already pulled in $81.63 million in net inflows, marking a strong rebound from March’s $31.16 million outflow. This reversal makes April the most robust month for XRP ETF inflows since December 2025, signaling a notable shift in momentum. While this doesn’t guarantee immediate price action for XRP, it points to something more structural taking shape. The steady accumulation suggests growing demand for regulated exposure, with investors increasingly favoring ETF structures over direct spot holdings. In other words, capital is still coming into XRP, but it’s doing so through more compliant, packaged channels rather than outright market buying. XRP ETFs Cross $1.08B as Steady Inflows Signal Quiet but Persistent Accumulation Bitwise continues to stand out in the ETF space, recently pulling in $6.44 million in a single day. While modest on its own, this steady flow of inflows reinforces its position as one of the most active players in the sector. Over time, these consistent daily gains add up, strengthening overall assets under management and helping sustain momentum even during quieter market periods. Earlier this month, XRP ETFs surpassed $1.08 billion in total assets, a milestone that points to more than short-term hype. It reflects a stickier pool of capital, money that has stayed put through volatility instead of cycling in and out. Overall, the trend is steady rather than explosive. XRP ETF flows look like gradual accumulation rather than speculative spikes. Whether that eventually feeds into stronger price action is still unclear, but demand for regulated XRP exposure remains active and continues to build rather than fade.

28 Apr 2026, 21:12

Solana Price Prediction: Bearish Pressure Persists Unless SOL Reclaims $120

Solana faces renewed downside pressure as analysts point to weakening structure and rising bearish risks. The asset trades near $83 after losing momentum from higher levels. Price action now reflects hesitation from buyers and increasing control from sellers. Moreover, repeated failures near resistance zones continue to limit bullish recovery attempts. Consequently, market participants are watching key levels closely as volatility builds. The current structure suggests that a decisive move could define Solana’s next major trend direction. Bearish Structure Builds Below Resistance Crypto Tony, recent analysis highlights a fragile short-term structure, with Solana struggling below the $85–$88 resistance range. Lower highs continue to form, which signals fading bullish strength. Additionally, rejection near $90 reinforced the presence of strong selling pressure. Price now hovers just above the critical $80 support level. A breakdown below this zone could accelerate losses toward $75 and possibly $70. Besides, market behavior suggests that bulls have delayed their response at crucial levels. This hesitation increases the likelihood of sharper downside expansion. Momentum indicators also align with a continuation of the bearish phase. Unless buyers reclaim $88 quickly, the path of least resistance remains downward. Key Retest Zone Defines Trend Direction Mister Crypto shifts attention to a broader technical structure on higher timeframes. He identifies a clear head and shoulders pattern, which often signals trend reversals. The neckline, positioned between $110 and $120, previously served as strong support. Source: X However, price has already broken below this level, confirming a bearish shift. A retest of this zone may occur, but resistance likely emerges there. Consequently, rejection at this level could push price lower again. Downside targets include $80 and possibly $60 if weakness continues. On the other hand, a strong reclaim above $120 would invalidate this bearish outlook. Such a move would shift sentiment and restore bullish momentum. Until then, the neckline remains the defining level for trend direction. Long-Term Accumulation Still in Play Despite near-term weakness, Crypto Patel offers a broader perspective, focusing on long-term accumulation potential. He notes that Solana has transitioned from a downtrend into a wide consolidation range. Price recently lost strength near the $120 to $140 resistance zone. It now compresses below $100, with that level acting as immediate resistance. Significantly, the $80 region aligns with a key Fibonacci support level. Deeper demand zones sit between $70 and $50, which may attract long-term buyers. A move into this range could represent a liquidity sweep before a larger expansion. Additionally, sustained accumulation within these zones could support future upside targets. Some projections place long-term potential as high as $500 or even $1,000. However, price must first reclaim and hold above $100 to confirm strength.

28 Apr 2026, 21:10

Robinhood Crypto Revenue Drops 34% in Q1 2025, Shocking Investors as HOOD Stock Tumbles

BitcoinWorld Robinhood Crypto Revenue Drops 34% in Q1 2025, Shocking Investors as HOOD Stock Tumbles Robinhood (HOOD) announced its cryptocurrency revenue for the first quarter of 2025 totaled $134 million. This figure represents a sharp 34% decline from the $221 million reported in the previous quarter. In after-hours trading, HOOD stock dropped 6% to $82, reflecting immediate investor concern. This development arrives from Menlo Park, California, on April 16, 2025, as the company releases its preliminary Q1 earnings. Robinhood Crypto Revenue: A Closer Look at the 34% Decline The $134 million in Robinhood crypto revenue marks a significant reversal from the strong performance seen in late 2024. The previous quarter’s $221 million had been driven by a surge in retail trading activity, fueled by Bitcoin’s rally past $100,000 and increased interest in altcoins. However, the first quarter of 2025 brought a cooler market environment. Several factors contributed to this drop. First, overall cryptocurrency trading volumes on major exchanges fell by approximately 25% in Q1 2025, according to data from CoinMarketCap. Second, Robinhood faced increased competition from decentralized exchanges (DEXs) and traditional brokers expanding their crypto offerings. Third, regulatory uncertainty around staking and certain tokens dampened retail enthusiasm. The 34% sequential decline is notable but not unprecedented. Robinhood’s crypto revenue has historically been volatile, tied closely to Bitcoin’s price movements and retail trading sentiment. For context, the company reported $43 million in crypto revenue in Q2 2023 during a bear market low, followed by a recovery to $128 million in Q4 2023. HOOD Stock After-Hours Reaction: What It Signals HOOD stock fell 6% in after-hours trading to $82. This move indicates that the market had priced in a more modest decline, perhaps around 15-20%. The actual 34% drop exceeded analyst expectations. Wall Street had projected Q1 crypto revenue in the range of $180-200 million, according to consensus estimates from FactSet. Investors are now questioning the sustainability of Robinhood’s crypto business model. The platform generates revenue primarily through order flow rebates from market makers and transaction fees. When trading volumes decline, revenue drops disproportionately because fixed costs remain constant. Key metrics to watch include monthly active users (MAUs) for crypto, average revenue per user (ARPU), and the mix between Bitcoin, Ethereum, and other assets. Robinhood has not yet released full Q1 earnings, but these details will be critical when the company files its 10-Q with the SEC. Comparing Robinhood Crypto Revenue to Industry Trends Robinhood’s decline mirrors broader industry trends. Coinbase, the largest U.S. crypto exchange, reported a 20% drop in trading volumes for Q1 2025. However, Coinbase’s revenue mix is more diversified, including staking, custody, and subscription services. Robinhood remains heavily reliant on transaction-based revenue. A brief comparison of key metrics: Robinhood Q4 2024 crypto revenue: $221 million Robinhood Q1 2025 crypto revenue: $134 million (down 34%) Coinbase Q1 2025 estimated trading volume: Down 20% Bitcoin average price Q1 2025: $85,000 (down 15% from Q4 peak) Retail trading volume overall: Down 30% in Q1 2025 These figures show that Robinhood’s decline is steeper than the industry average. This suggests company-specific factors, such as its user base being more sensitive to market downturns or its product features being less sticky. Impact on Robinhood’s Overall Business Strategy Crypto revenue has become a significant portion of Robinhood’s total revenue. In Q4 2024, crypto contributed approximately 38% of the company’s total net revenue of $581 million. A 34% drop in this segment will pressure overall top-line growth. Robinhood has been diversifying its revenue streams. The company launched a credit card, expanded its retirement account offerings, and introduced a cash management product. However, these initiatives are still in early stages and have not yet generated substantial revenue. CEO Vlad Tenev has emphasized the company’s commitment to crypto, including plans to offer a crypto wallet and support for more tokens. The Q1 revenue decline may accelerate these product launches as the company seeks to stabilize its crypto business. Regulatory Environment and Its Effect on Robinhood Crypto Revenue The regulatory landscape for cryptocurrency in the United States remains uncertain. The SEC has continued its enforcement actions against several exchanges, including Coinbase and Binance. While Robinhood has not been directly targeted, the broader regulatory cloud discourages retail participation. In Q1 2025, the SEC proposed new rules for crypto trading platforms that would require them to register as broker-dealers. This could increase compliance costs for Robinhood and potentially limit the tokens it can offer. The company has stated it is working with regulators to ensure compliance. Internationally, Robinhood has not yet expanded its crypto services beyond the U.S. and the U.K. This limits its exposure to faster-growing markets in Asia and the Middle East, where crypto adoption is accelerating. What This Means for Crypto Investors and Traders For retail investors, the decline in Robinhood crypto revenue signals a cooling market. The euphoria of late 2024, driven by Bitcoin ETF approvals and a Federal Reserve pivot, has given way to caution. Trading volumes are down, and many traders are sitting on the sidelines. However, the decline may present opportunities. Lower trading volumes often lead to tighter spreads and better execution prices for those who continue to trade. Robinhood’s zero-commission model remains attractive for small traders. Long-term investors should watch for signs of a recovery. If Bitcoin stabilizes above $80,000 and the regulatory environment becomes clearer, trading volumes could rebound in Q2 or Q3 2025. Robinhood’s crypto revenue could then recover to $150-180 million per quarter. Conclusion Robinhood’s Q1 2025 crypto revenue of $134 million represents a 34% decline from the previous quarter, driven by lower trading volumes, increased competition, and regulatory uncertainty. HOOD stock fell 6% in after-hours trading as investors reacted to the disappointing figure. The company’s heavy reliance on transaction-based revenue makes it vulnerable to market cycles. However, Robinhood’s diversification efforts and potential for a market recovery provide some optimism. Investors should monitor the full Q1 earnings release for more details on user metrics and future guidance. FAQs Q1: Why did Robinhood crypto revenue drop in Q1 2025? The drop is primarily due to lower cryptocurrency trading volumes across the industry, increased competition from other platforms, and ongoing regulatory uncertainty that dampened retail investor enthusiasm. Q2: How much did HOOD stock fall after the news? HOOD stock fell 6% in after-hours trading to $82, indicating that the market was surprised by the magnitude of the revenue decline. Q3: Is Robinhood still profitable without crypto revenue? Robinhood’s profitability depends on multiple revenue streams, including options trading, equities, and cash management. A 34% drop in crypto revenue will pressure overall profitability, but the company may still report a net profit if other segments perform well. Q4: What is Robinhood doing to boost its crypto revenue? Robinhood is expanding its crypto product offerings, including a non-custodial wallet, support for more tokens, and international expansion. The company is also working to comply with evolving regulations to attract more users. Q5: Should I sell my HOOD stock after this news? This article does not provide financial advice. Investors should consider their own risk tolerance and consult a financial advisor. The revenue decline is significant, but Robinhood has a strong balance sheet and diversified business model. This post Robinhood Crypto Revenue Drops 34% in Q1 2025, Shocking Investors as HOOD Stock Tumbles first appeared on BitcoinWorld .

28 Apr 2026, 21:02

Top Analyst Reveals XRP Final Hurdle Before a Bullish Breakout

XRP is approaching what one analyst calls a “final hurdle” before any meaningful bullish market structure shift can take hold. Crypto analyst ChartNerd (@ChartNerdTA) posted a detailed technical breakdown on the two-week time frame, outlining a scenario where multiple structural factors converge at a single zone. When it comes to $XRP 's macro structure, a critical convergence point that could possibly mark the "final hurdle" before a bullish market structure shift awaits ahead as we lean deeper into 2026. Enjoy XRP family. pic.twitter.com/hHHobfVCMC — ChartNerd (@ChartNerdTA) April 26, 2026 What the Charts Are Saying ChartNerd points to three converging technical elements. The first is an ascending support level that has held for nearly six years. The second is a descending resistance line that has not been back-tested since the breakout in late 2024. The third is a falling wedge structure . All three tie into one specific zone he calls “the sweet spot.” XRP currently trades at $1.41, down roughly 61% from its recent peak. ChartNerd places that squarely in bear market territory. He notes that prior XRP bear markets produced corrections of 96% and 85% respectively. Using that as a guide, he projects a potential correction of around 76%, which would place XRP between $0.7 and $0.9 . However, this dip will build a foundation for a bigger move. The Gaussian Channel Signal A key indicator in ChartNerd’s analysis is the Gaussian channel on the two-week time frame. He points out that in every prior bear market, XRP has returned to the lower regression band of this channel. That band currently sits at $0.96. The signal he is watching for is a bearish trend flip within the channel, which has historically marked cycle lows. That flip has not happened yet in this cycle, which leads him to believe the low is still ahead. He also notes the possibility of relief rallies before any final drop. “There’s a potential to rally up to $1.8 to $2,” he says, while also warning that such a rally does not rule out a further 60% to 70% decline afterward. He points to the prior bear market as a direct example, where a 168% rally was followed by a 78% drop. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Path Forward ChartNerd does not view this as a reason for pessimism. He describes bear markets as the periods where foundations get built and opportunities open up. His longer-term outlook extends well beyond 2026, with expectations of an expansion phase pushing into 2030. He acknowledges that his approach puts him at odds with parts of the XRP community who believe XRP can easily reach $1,000 . He calls that outlook highly unrealistic. He does not expect XRP to break its all-time high in 2026. He does confirm he has much higher targets for XRP, but insists the current structure must be respected first. 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 Top Analyst Reveals XRP Final Hurdle Before a Bullish Breakout appeared first on Times Tabloid .

28 Apr 2026, 21:00

Can Pi Network extend 6% rally and reclaim $0.30 next? Examining…

The current PI rally measured over 6% in the past 24 hours and can extend another 3.5% to 8.5% higher.