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24 Mar 2026, 00:07
$440M Crypto Ponzi TradeAI case dodges dismissal bid
The lawsuit tied to the alleged $440 million TradeAI/Stakx scheme will stay and move ahead. Crypto-focused firm Burwick Law announced that a US court has denied a motion to dismiss the case. This ruling came from Lewis Kaplan in the Southern District of New York. In the fresh proceedings, the court rejected all key arguments raised by the defense. This included jurisdiction, venue, and service-related objections. The crucial case was filed back in 2024. However, the fight is still on. It accuses several individuals of running an alleged Ponzi-style operation around NFTs. The complaint also mentioned crypto investment pools. Judge slams defense tactics As per the complaint, investors were pushed into so-called “pods” or “syndicates.” The suspected scheme promised high yields through crypto strategies. Meanwhile, plaintiffs say those returns were unrealistic. They suggest that losses linked to the case are estimated at more than $20 million so far. Judge Kaplan in his order made one thing clear that the case is not going away at this stage. In the ruling, the court said the motion to dismiss is denied. However, it also took notice of an ongoing issue around service of process. Defendant Cyrus Abraham had argued he was not properly served. The court did not fully accept that claim but noted technical issues around how the service was carried out. Our lawsuit alleging a $440M Ponzi scheme (TradeAI/Stakx) just survived a motion to dismiss before Judge Kaplan in SDNY. The Court rejected every challenge and ordered the defendant to disclose his current address to our firm by March 31. pic.twitter.com/LkLhu7PgqF — Burwick Law (@BurwickLaw) March 23, 2026 Service of process highlighted that the court said it is not “a game of hide-and-seek.” It stated that Abraham had known about the lawsuit. Hence, he cannot use technicalities to delay it indefinitely. The ruling asked Abraham to disclose his current residential address to the plaintiffs. Failure to do so could lead to a default judgment. It could include further sanctions against him. The judge has extended the deadline for formal service until April 22. This will now move the case closer to the discovery phase. Earlier this month, the court allowed alternative methods of serving defendants. That includes sending legal notices through Ethereum wallets, emails, and even social media messages. The move signals the challenge of dealing with defendants who are difficult to locate or operating across jurisdictions. The law firm has argued that such methods are appropriate. The alleged scheme itself relied heavily on online promotion and NFT -based interactions. Dubai link emerges in TradeAI case ElizaOS founder Shaw took over the social media to criticize the law firm. He claimed Burwick failed to help victims recover funds. Shaw mentioned that this is why he never promises utility for coins. The law firm replied that these are false statements. They warned him for using inappropriate language. It highlighted Shaw’s deleted tweet of a threat to sue them. The case shows how some defendants have remained hard to reach. One of them is Peter McInnes. He has been linked to activities in Dubai. This includes real estate and art ventures. However, the legal focus remains on the core question. Whether the structure behind TradeAI/Stakx qualifies as a fraudulent investment scheme under US securities law. This crucial court order comes in when the global crypto market is under selling pressure. After a sudden dip, the digital assets market hopped on a minor recovery rally. Its cumulative cap surged by more than 3% over the last 24 hours. It now stands at around $2.43 trillion. NFTPriceFloor data shows that the NFT market cap hovers around $2.226 billion. CryptoPunks collection is still the biggest series with a market cap of 284,800 ETH (approx worth $612 million). Ether price surged by more than 5% in the last 24 hours. ETH is trading at an average price of $2,150 at the press time. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
24 Mar 2026, 00:01
Ethereum Buyers Target Key Resistance as Price Consolidates
Ethereum holds steady between $2,150 and $2,160 after recent volatility. On-chain data points to accumulation despite short-term price hesitation. Continue Reading: Ethereum Buyers Target Key Resistance as Price Consolidates The post Ethereum Buyers Target Key Resistance as Price Consolidates appeared first on COINTURK NEWS .
24 Mar 2026, 00:01
XRP's Key Support Got Violated, Is Cardano's $0.25 Level Unbreakable? 3 Failed Shiba Inu Breakouts Ends Bullish Narrative: Crypto Market Review
Market is certainly in a spot where comfortable price growth is possible, as multiple support violations is not the best news.
24 Mar 2026, 00:00
Bitcoin, Gold tested in West Asia crisis: ‘We’re in for a choppy week!’
If Gold is no longer the first choice in a crisis, is Bitcoin stepping into a role no one anticipated?
24 Mar 2026, 00:00
Ethereum Breakdown Incoming? RSI Trendline Snaps As Double Confirmation Looms
Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT pair suggests weakening strength, while the ETH/BTC pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling an initial shift in momentum. The ETH/BTC pair is expected to follow suit shortly, making a new lower low a matter of when, not if. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure This pattern mirrors a sequence recently observed with Solana. In that instance, the USDT pair’s RSI trendline fractured first while the BTC pair initially appeared to maintain its strength. Ethereum is now replicating this exact behavior, setting the stage for a similar recursive breakdown. While the ETH/BTC pair is currently holding its levels, the analysis suggests this resilience is temporary. However, once the BTC pair loses its footing, the lack of support across both denominations will likely trigger a sharp move to the downside. This alignment represents the most volatile and high-risk version of a market breakdown for Ethereum. Resilience Under Pressure, But At What Cost? The analyst went on to emphasize that both Bitcoin and Ethereum have shown notable strength throughout the intensity of the broader macro battle. That resilience is undeniable, but it hasn’t come without a cost. Rather than forming a solid base, the market has effectively been running on borrowed time, and the fatigue now visible on the charts suggests that the cost of that strength is beginning to surface. From this point, a move toward a lower low should not come as a surprise. Related Reading: Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500 A major catalyst is adding to the current tension. Over $2.1 billion in BTC and ETH options is set to expire today, alongside Wall Street’s massive $5.7 trillion Triple Witching event. While such large expiries don’t directly trigger market direction, they tend to magnify existing momentum. In this case, the underlying structure already points to the downside, meaning any move could be accelerated under these conditions. The breakdown sequence is also becoming increasingly clear. The USDT pair was the first to show weakness, losing its key structure and signaling the initial shift in momentum. Now, attention turns to confirmation from the ETH/BTC pair. When this alignment occurs, it typically leads to a more decisive and aggressive move lower as bearish pressure takes full control. Featured image from Pexels, chart from Tradingview.com
24 Mar 2026, 00:00
Analyst: If Bitcoin Drops to $53,000 or Below and XRP to $0.73-$0.78 Next…
Crypto analyst CryptoBull has raised doubts about widely held expectations regarding the next potential price moves for Bitcoin and XRP . In a recent tweet, the analyst addressed the growing sentiment among market participants who want a major Bitcoin and XRP price correction before any meaningful recovery. CryptoBull stated that if Bitcoin declines to $53,000 or below and XRP falls to $0.73 to $0.78, it would align with most traders’ expectations. However, the analyst is skeptical of that scenario. He added that markets do not typically behave in ways that satisfy the consensus. The statement directly challenges a common pattern in market psychology where traders attempt to predict price movements based on prevailing sentiment. CryptoBull’s position suggests that if a majority of participants are aligned on a specific outcome, the market may move in the opposite direction or deviate from those expectations. If Bitcoin drops to $53,000 or below and #XRP to $0.73-$0.78 next, the vast majority expectations of what’s next would be correct. I don’t think markets work that way. — CryptoBull (@CryptoBull2020) March 21, 2026 Community Responses Reflect Divided Expectations Following the post, several users responded with their own interpretations of market behavior, reinforcing the broader discussion around crowd sentiment and price direction. A user identified as jayDubW noted market cycles involving Bitcoin. The commenter recalled a period when Bitcoin traded near its all-time highs, during which many expected the price to reach $150,000 to $200,000. According to the user, the expectation did not materialize, implying that most sentiment could be inaccurate. The same user also noted that Bitcoin dropping below $50,000 could be inaccurate. Another user, Eve Cruz, agreed with the underlying premise, stating that markets often move in ways that contradict the dominant narrative. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 A third response from a user named KC focused on personal positioning rather than broader market theory. The commenter desires XRP to fall below $1, stating that such a move would provide an opportunity to accumulate more holdings. KC added that acquiring XRP at current levels has been challenging and slow, and indicated a willingness to increase income efforts for lower prices if they occur. Market Sentiment Remains a Key Factor The discussion highlights the ongoing tension between collective expectations and actual market outcomes. CryptoBull’s comments emphasize that widely anticipated price levels may not always be reached, particularly when a large portion of the market is positioned for the same scenario. While no definitive price direction has been confirmed, the exchange reflects how traders continue to evaluate sentiment as a key indicator. 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 Analyst: If Bitcoin Drops to $53,000 or Below and XRP to $0.73-$0.78 Next… appeared first on Times Tabloid .
