hodler

1 May 2026, 09:30

Bitcoin Miner Riot Platforms Offloads Another 500 BTC to NYDIG, Extending Sell Streak

Bitcoin miner Riot Platforms has deposited another 500 BTC, worth $38.24 million, to institutional custodian NYDIG, extending one of the most consistent miner-selling patterns of 2026. Key Takeaways: Riot deposited 500 BTC worth $38.24M to NYDIG, extending its sustained 2026 sell streak. The move adds persistent supply pressure from one of the largest publicly listed

1 May 2026, 09:30

23 Billion+ XRP Already Quantum Safe, According To New Wallet Analysis

Ripple’s escrow accounts are among the wallets that may not be as protected as they appear. A new breakdown of every account on the XRP Ledger found that multi-signature wallets — including those tied to Ripple — hold 36.60 billion XRP, or over 36% of the total supply, but are not automatically shielded from future quantum threats without proper key management. Related Reading: Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst What The Numbers Show The analysis was conducted by XRPL validator Vet, who reviewed all 7,810,364 accounts on the XRP Ledger. Based on that review, 23.16 billion XRP currently sits in wallets considered safe from quantum attack. That works out to 27% of all accounts — roughly 2.13 million wallets. Two factors account for their safety: either the wallets have never signed a transaction, meaning the public key has never been exposed, or the account holders rotated their keys and disabled master keys as an extra security step. The first group covers over 24% of accounts. The second, more deliberate group accounts for 2.65%. The logic is straightforward. When a wallet signs a transaction, its public key becomes visible on the ledger. A sufficiently advanced quantum computer could theoretically use that public key to work backward and derive the private key. Wallets that have never signed anything don’t have that exposure. Did a Full History deep dive on all 7.8M XRP Accounts for Quantum Threat exposure targeting dormant accounts. Genesis XRP accounts, the Satoshi Era equivalent, is 0.02% of all XRP supply that is dormant and exposed. Exposed supply increases as dormancy thresholds are lowered.… https://t.co/AxINT1RaXV pic.twitter.com/QvZD8zBCNg — Vet (@Vet_X0) April 29, 2026 Dormant Accounts Raise Hard Questions On the other side of the ledger, 76.82 billion XRP spread across 5.6 million accounts is considered exposed. But Vet noted that 96% of that amount belongs to users who are still active — people who, when the time comes, can move their funds to safer addresses. The harder problem is dormant accounts. Wallets that have been inactive for five or more years hold 2.94% of the total XRP supply, which amounts to 3.83% of all exposed XRP. At the far end, accounts with no activity since before 2014 represent just 0.02% of total supply. Reports indicate that group includes only 14,710 accounts, compared to 1.33 million in the five-year inactive category. For context, Vet pointed to Bitcoin, where holdings tied to Satoshi Nakamoto make up roughly 5% of total supply — much of which may never be moved. Nobody knows why dormant wallets were abandoned. Lost keys, forgotten accounts, and personal circumstances all come into play. That uncertainty makes them the most difficult part of the quantum exposure problem. A 2028 Deadline Already In Motion The XRP Ledger currently uses Ed25519 and secp256k1 cryptographic standards. Both remain secure today, but could become vulnerable as quantum computing advances. Related Reading: WLFI Selloff Deepens After Controversial Governance Vote Goes Live Ripple has laid out a four-phase roadmap aimed at making the network fully quantum-resistant by 2028. Early testing of new systems is already underway, with updates to the main network planned for later phases. The long-term fix for exposed wallets is expected to involve quantum-resistant encryption that lets users migrate funds to better-protected addresses. That works for people who still have access. For those who don’t — whether due to lost credentials or other circumstances — the exposure may be permanent. Featured image from ForkLog, chart from TradingView

1 May 2026, 09:30

Japanese Yen Rallies Sharply on Reported Intervention Amid Surging US-Iran Tensions: Forex Today Analysis

BitcoinWorld Japanese Yen Rallies Sharply on Reported Intervention Amid Surging US-Iran Tensions: Forex Today Analysis The Japanese Yen staged a dramatic rally on Monday, with traders citing a reported intervention by Japanese authorities to stem the currency’s recent slide. This sharp move comes as geopolitical tensions between the United States and Iran escalate, driving a flight to safe-haven assets. For Forex Today, the Yen’s surge marks a critical inflection point, testing the resolve of both policymakers and market participants. Japanese Yen Rallies on Reported Intervention: A Closer Look The USD/JPY pair plunged over 2% in early Asian trading, breaking below the key 150.00 level. Market sources reported that the Bank of Japan (BoJ) conducted rate checks, a precursor to direct intervention. Japanese officials have remained tight-lipped, but the scale and speed of the move strongly suggest official action. This marks the first confirmed intervention since October 2022, when Tokyo spent nearly $60 billion to support the Yen. Finance Minister Shunichi Suzuki repeated his warning that authorities are watching currency moves with a high sense of urgency. He stated that speculative, disorderly moves are unacceptable. The intervention appears aimed at curbing volatility rather than targeting a specific level. However, traders question its long-term effectiveness. Historical data shows that unilateral interventions often provide only temporary relief. The BoJ’s ultra-loose monetary policy contrasts sharply with the Federal Reserve’s aggressive tightening. This policy divergence has been the primary driver of the Yen’s 12% decline against the dollar this year. The intervention, therefore, addresses a symptom, not the root cause. Market participants now watch for follow-up action to confirm Tokyo’s commitment. Timeline of the Yen’s Decline and Intervention The Yen has weakened steadily since March 2024. The currency breached 145, then 148, and finally 150 against the dollar. Each level prompted verbal warnings from Japanese officials. The move to 151.50 triggered the suspected intervention. The rapid reversal erased weeks of losses in a single session. This pattern mirrors the 2022 intervention cycle. Early 2024: Yen weakens past 130 as Fed hikes rates. Mid-2024: BoJ maintains negative rates; Yen falls to 145. October 2024: Yen breaches 150; verbal warnings intensify. November 2024: Suspected intervention at 151.50. US-Iran Tensions Remain High: Geopolitical Risk Fuels Safe-Haven Flows Simultaneously, escalating US-Iran tensions are amplifying demand for traditional safe havens. Reports of increased military posturing in the Strait of Hormuz have raised fears of supply disruptions. Oil prices surged over 3%, adding to inflationary pressures globally. The Yen, along with the Swiss Franc and gold, benefited from this risk-off sentiment. The US has imposed new sanctions on Iranian entities, while Iran has threatened to block key shipping lanes. The situation remains fluid, with diplomatic channels showing little progress. For Forex Today, this geopolitical overlay complicates the intervention calculus. A sustained risk-off environment could cap the Yen’s downside, but it also raises the cost of intervention for Japan. Analysts at Goldman Sachs note that geopolitical crises historically trigger short-lived Yen strength. The currency’s safe-haven status is often overshadowed by Japan’s current account dynamics. However, the combination of intervention and geopolitical risk creates a potent mix. Traders are now pricing in a higher probability of further Yen volatility. Impact on Global Currency Markets The Yen’s rally rippled through other currency pairs. The Australian Dollar and New Zealand Dollar fell against the greenback. Emerging market currencies also weakened as risk appetite deteriorated. The Euro remained range-bound, with traders focusing on ECB policy. The Dollar Index retreated from recent highs, reflecting the Yen’s outsized move. Market liquidity remains thin due to the Japanese holiday. This amplified the intervention’s impact. Some traders report stop-loss runs below 150.00, accelerating the move. The volatility index for currencies spiked to its highest level in three months. This suggests that market participants are bracing for further swings. Expert Analysis: What This Means for Forex Traders Veteran currency strategist Jane Foley from Rabobank argues that the intervention is a signal, not a solution. She points out that Japan’s trade deficit and yield differentials continue to pressure the Yen. The BoJ’s policy meeting next week will be crucial. Any hints of a policy shift could provide more durable support for the currency. Technical analysts note that the USD/JPY pair now faces resistance at 149.00 and 150.00. Support lies at 148.00 and 147.50. The break below the 200-day moving average is a bearish signal. However, a retracement towards 150.00 is possible if intervention fatigue sets in. Traders should watch for BoJ comments and US inflation data this week. From a fundamental perspective, the Yen remains undervalued on a purchasing power parity basis. The intervention may accelerate a mean reversion, but the timing is uncertain. The carry trade, which has been a dominant theme, is now under threat. A sustained Yen rally would unwind massive short positions, causing significant market dislocations. Key Levels to Watch in Forex Today The following levels are critical for USD/JPY in the coming sessions: Level Significance 152.00 Pre-intervention high; resistance 150.00 Psychological level; key pivot 148.50 200-day moving average 147.00 Major support; August low Conclusion The Japanese Yen’s rally on reported intervention, set against the backdrop of high US-Iran tensions, defines Forex Today. The move underscores the fragility of currency markets and the power of official action. However, sustainable Yen strength requires a shift in monetary policy or a resolution of geopolitical risks. Traders must remain vigilant, as volatility is likely to persist. The intervention may buy time, but it does not change the underlying economic realities. For now, the Yen stands as a stark reminder of how quickly market sentiment can change. FAQs Q1: What is a currency intervention? A: A currency intervention occurs when a central bank buys or sells its own currency in the foreign exchange market to influence its value. Japan’s Ministry of Finance typically directs the Bank of Japan to conduct these operations. Q2: Why did the Japanese Yen rally? A: The Yen rallied primarily due to a reported intervention by Japanese authorities. Additionally, escalating US-Iran tensions increased demand for safe-haven assets, further boosting the Yen. Q3: How do US-Iran tensions affect the Yen? A: Geopolitical tensions often trigger a flight to safety. The Yen, along with the Swiss Franc and gold, is a traditional safe-haven currency. Investors buy the Yen during uncertainty, pushing its value higher. Q4: Is the intervention likely to be successful? A: Historically, unilateral interventions provide only temporary relief. The Yen’s long-term value depends on fundamental factors like interest rate differentials and Japan’s trade balance. The intervention’s success hinges on follow-up action and policy changes. Q5: What should Forex traders watch next? A: Traders should monitor official statements from Japanese officials, the Bank of Japan’s policy meeting next week, and US inflation data. Key technical levels for USD/JPY include 150.00 and 148.50. This post Japanese Yen Rallies Sharply on Reported Intervention Amid Surging US-Iran Tensions: Forex Today Analysis first appeared on BitcoinWorld .

1 May 2026, 09:29

Bitcoin Price Prediction: Will BTC Break $77,279 Level?

Bitcoin is testing short-term resistance near $77,279 while traders also watch the monthly close above $74,434. A breakout could support another move toward $80,000, but a weak close would keep pressure on the downside. Bitcoin Tests Micro Resistance as BTC Watches $77,279 Breakout Level Bitcoin is trading near $76,513 on the 30-minute chart after bouncing from the short-term support area near $75,910. The chart shared by MCO Global DE shows a micro resistance zone for orange wave 4 between $76,673 and $77,279. This area matches the 38.2%, 50%, and 61.8% retracement levels marked on the chart. BTC 30-Minute Chart. Source: MCO Global DE on X MCO Global DE said wave C may be forming as a diagonal structure on the downside. That means wave 4 could still extend toward the 61.8% retracement at $77,279 before Bitcoin decides its next move. The lower support zone sits around $75,910 and $74,968, based on the 61.8% and 78.6% levels shown on the chart. Bitcoin already bounced from that area, which makes it the first zone to watch if sellers return. A strong breakout above the micro resistance zone could suggest that Bitcoin has already formed a local bottom. In that case, BTC would need follow-through above $77,279 to weaken the short-term bearish structure. However, failure near the resistance zone would keep pressure on the downside. If BTC rejects from $76,673–$77,279, the chart keeps focus on $75,910, then $74,968 as the next support levels. Bitcoin Monthly Close Puts $74,434 Level in Focus Bitcoin’s monthly chart is centered on the $74,434 level, which Ted Pillows marked as the key line bulls need to reclaim. The chart shows BTC trying to recover after a sharp pullback from the higher range. A monthly close above $74,434 would keep the bullish case alive and could open the way toward the $80,000 area, according to the post. BTC Monthly Chart. Source: Ted Pillows on X However, a monthly close below that level would weaken the recovery setup. In that case, Ted Pillows said the earlier move to $79,500 was likely the local top. The level matters because it sits near the middle of Bitcoin’s recent monthly structure. Holding above it would show that buyers still have control after the correction. A close below it would show weaker demand and keep pressure on the downside. Therefore, the monthly close becomes the main signal to watch.

1 May 2026, 09:28

Bitmine Expands Ethereum Staking As Dormant Wallet Exploit Raises Security Alarm Across Network

Bitmine, an associate of Tom Lee’s, is adding to its Ethereum hoard in a reflection of continuing confidence in the asset amid increasing price uncertainty. According to on-chain data by Lookonchain, Bitmine has staked another 162,088 $ETH worth approximately $366 million, at the time of purchase. This was a purposeful escalation of the firm’s stack and yield strategy. Following this latest deal, Bitmine has now staked a total of 4,194,029 ETH, over $9.48 billion worth of Ethereum to the network. It represents 82.59% of the entire investment portfolio of the company in Ethereum, thus highlighting dependence on staking as the main source of income. Tom Lee( @fundstrat )'s #Bitmine staked another 162,088 $ETH ($366M) 8 hours ago. In total, #Bitmine has staked 4,194,029 $ETH ($9.48B), 82.59% of its total holdings. https://t.co/P684j5YQaG pic.twitter.com/bPUyOrqgwG — Lookonchain (@lookonchain) May 1, 2026 Analysts in the market point out that such concentration of staking makes Bitmine one of the biggest institutional stakers of Ethereum, narrowing down the circulating supply and reinforcing validator participation in the network. Triple-Stacked Staking Exposure Hints at Long-Term AUM Building by Institutions The continual accumulation by Bitmine aligns with a broader institutional trend aimed at maximizing Ethereum yield in staking instead of simply holding spot crypto-assets. The firm locks up over four million ETH into staking contracts thereby committing a significant amount of capital to Ethereum’s proof-of-stake consensus process, decreasing liquid supply as they institutionalise their control over the network state. That’s being described as an aggressive staking strategy by experts who track this trend, specifically because it serves a twofold purpose: providing stable returns through the staking rewards and allowing for long term exposure to the continuously changing network fundamentals of Ethereum. It comes at a time when large funds’ participation in staking is growing, even as the market remains volatile. Put together, these trends make one thing abundantly evident: the biggest players are doubling down on Ethereum local exposure by integrating assets to staking infrastructure rather than divesting it. Dormant Ethereum Wallets Drained In Suspected Live Exploit While growth in institutional staking has grown somewhat, an onchain problem has been troubling. According to recent onchain discovery, hundreds of Ethereum wallets, many of which have been dormant for years, have been systematically drained, allegedly a series of connected activities ultimately tied back to an individual Ethereum address. In particular, numerous wallets had been out of operation for a decade+, with extremely alarming implications as to how this attacker could manage to gain entry into so long-disused accounts. Estimates suggest total losses are close to $800,000, but analysts warn that this sum is likely to rise as more compromised wallets are discovered. At the heart of the operation is a wallet displayed as Fake_Phishing2831105, with an address: 0xA707034429c8E4E01df056C0CbCf478F0FBeFAd7 Etherscan says that address is tagged “Phish / Hack”, and is related to compromise through phishing. This wallet’s recent activity includes: 591 transactions Remaining balance of about 0.0016 ETH Notable outbound transfer of 324.741 ETH to THORChain Router v4 1. 1 on April 30, 2026 At time of execution, that trade was worth around $733k. Ethereum Dormant Wallet Drain, April 30, 2026 A wallet labelled by Etherscan as Fake_Phishing2831105 has been receiving funds from many addresses and rapidly moving them through swaps and cross chain infrastructure. The address is: 0xA707034429c8E4E01df056C0CbCf478F0FBeFAd7… pic.twitter.com/CVqo9mwGAQ — MASTR (@MastrXYZ) April 30, 2026 Onchain Patterns Indicate Private Key Compromise vs Smart Contract Exploit This incident is noteworthy not only for its volume of funds, but also because of the operational structure of this attack. On-chain data suggests that this is not your traditional smart contract exploit, pseudo-freezable smart contracts, or a standard “approval drain”, in other words not just a case of users unwittingly approving malicious permissions after visiting nasty dApps. Alternatively, the pattern indicates a straightforward compromise of wallet credentials: There are steals from various unlinked wallets All assets flow into the same flagged address Funds are quickly routed through swapping/bridging protocols The attack seems to be signing transactions directly from compromised wallets, which heavily implies leaked private keys or seed phrases instead of freshly-interacted users. In this model: No new clearances are being sought There are no wallet connect prompts Transfer of funds requires no phishing confirmations The attacker already has complete signing authority. This approach raises the stakes, because the breach could lie comfortably dormant until someone attempts to transfer funds. The attacker has a pretty clear laundering path after they aggregate. Funds are: Aggregated from different hacked wallets Split into smaller intermediate transfers Routed through services to swap it out for MATIC and other Finally passed to THORChain Router v4 1. 1 THORChain transaction passed successfully and had a memo with the outbound Bitcoin destination to prove that his intention was to take money away from the Ethereum ecosystem. That’s a laundering pipeline, not an opportunistic heist. Security Warning And Implications For Holders Using Old Wallet There is no evidence of an exploit at the protocol level in Ethereum itself, but this underlying fact creates a core security problem : if the private key controlling the account is insecure, your assets have been stolen. Eth is still processing transactions as it is supposed to; private keys corresponding to older wallets could have been hacked long ago, and are only now being scraped through in bulk. As per community reports, many of the impacted wallets were: Dormant for extended periods Created in early time of Ethereum adoption Carrying small but nonzero balances That also indicates a persistent, low-frequency security risk: wallets left unattended are hacked in silence. The central message is pressing and conspicuous: lack of activity does not hold security. Users are strongly advised to: Audit of all legacy Ethereum wallets Do not reuse old seed phrases Segregate remaining funds to newly generated wallets which are safe Your old backups or wallets stored inside a device can be vulnerable As it stands, the network behaves according to specification, valid signatures are processed flawlessly. The real worry is that exposed keys would be used again after years of inactivity. This incident highlights the truism that in cryptocurrency security, time doesn’t heal all wounds, it often only delays their revelation, even as investigations continue. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

1 May 2026, 09:25

Bitcoin edges above $77,000, but institutional activity suggests downside hedging

BTC rises on steady volume and strong technical structure, but surging put interest and muted prediction market odds point to defensive positioning.