Author: John Smith
Jill Gunter, co-founder of Espresso, reported Thursday that her crypto wallet was drained due to a vulnerability in a Thirdweb contract, according to statements posted on social media. Summary Crypto veteran Jill Gunter reported the theft of over $30,000 in USDC from her wallet, which was drained on Dec. 9 and routed through Railgun. The vulnerability stemmed from a legacy Thirdweb contract that allowed access to funds with unlimited token approvals. The incident followed a separate 2023 open-source library flaw that affected more than 500 token contracts and was exploited at least 25 times, according to ScamSniffer. Gunter, described as…
Carl Erik Rinsch, known for directing the movie “47 Ronin,” was convicted of wire fraud and money laundering for misappropriating funds provided by Netflix for a science-fiction series, the U.S. Attorney’s Office in New York announced. Summary Hollywood director Carl Erik Rinsch was convicted of wire fraud and money laundering for misusing Netflix funds. Prosecutors said Rinsch diverted the money into personal accounts and speculative trades—including Dogecoin—and luxury items. Rinsch faces up to 20 years per fraud and laundering count. Rinsch was found guilty of one count of wire fraud and one count of money laundering, each carrying a maximum…
Chinese artificial intelligence platform DeepSeek has released price projections for three major cryptocurrencies through the end of 2025, forecasting heightened volatility for Ripple’s XRP token, Solana, and Dogecoin. Summary DeepSeek has released end-2025 price projections. For XRP, the model outlines a bearish collapse scenario versus a bullish case tied to a final SEC lawsuit resolution in August. Solana’s outlook hinges on ecosystem growth and potential ETF-driven institutional adoption, while failure to break resistance could trigger a pullback. Dogecoin faces declining memecoin dominance, with upside dependent on broader payment adoption, while weaker sentiment could lead to further retracement despite holding key…
Bitcoin price retreated below $90,000 today, Dec. 12, as a senior executive at Vanguard warned that it was a ‘digital Labubu’ and as an alarming pattern formed. Summary Bitcoin price dropped below the important support at $90,000. A senior Vanguard expert called it a digital Labubu. The coin has formed a bearish flag pattern on the daily chart. Bitcoin (BTC) was trading at $89,700 at press time, down sharply from the year-to-date high of $126,300. Its pullback coincided with the significant drop in American equities, with the Nasdaq 100 and S&P 500 indices falling by over 1% as artificial intelligence…
XRP price continued its recent downtrend even after the Office of the Comptroller of the Currency granted Ripple Labs a conditional approval for a banking charter, and ETF inflows continued. Summary XRP price is stuck in a technical bear market after falling by ~45% from the year-to-date high. OCC granted Ripple Labs a national banking charter. The charter allows the company to offer custody services. Ripple (XRP) token dropped to a low of $1.980, continuing a downtrend that started in July when it peaked at $3.6600. SEC grants Ripple Labs a banking license The XRP price has dropped despite having…
Ethereum price trades within a rising wedge at $3,200, a bearish pattern signaling weakening momentum and raising the likelihood of a breakdown toward lower support regions. Summary ETH forms a bearish rising wedge as price approaches the $3,200 region. Loss of the Value Area High and weak volume indicate structural weakness. Breakdown below the wedge and POC could accelerate a move toward $2,500 support. Ethereum’s (ETH) price has recovered modestly from recent lows, but the structure of this rebound is flashing warning signs. The asset has rallied into a bearish rising wedge, a technical formation that often appears during corrective moves…
Cardano’s price remained in a bear market after plunging by nearly 60% from its highest point in September, despite several announcements. Summary Cardano price has slumped by nearly 60% from its August highs. It recently announced a partnership with Pyth Network, a top oracle platform. The token has formed bearish patterns, indicating further downside. Cardano integrates with Pyth Network after Midnight launch Cardano (ADA) token dropped to $0.4255 today, Dec. 12, even after the network received its first major oracle partnership. In a statement, Cardano said that it had integrated with Pyth Network, one of the biggest oracles in the…
Pi Network’s first Open Network hackathon crowned Blind_Lounge and other utility-focused Mainnet apps, highlighting growth but with clear risk disclaimers for users. Summary Pi Network’s Core Team picked Blind_Lounge as the top Mainnet app, with Starmax and RUN FOR PI taking second and third in a 215-submission hackathon. Honorable mentions like Kindrek, Workflet For Pi, PallyPay, SimpleJoy, and Agora Pulse show a push toward payments, work tools, and social use cases. The Core Team stressed these are independent projects, warning users to expect bugs and use all third-party Pi apps at their own risk. Pi Network’s Core Team announced the…
Ethereum price is trading below key moving averages as rising futures open interest and flat price action flag liquidation risk and heightened two-way volatility. Summary Ethereum price briefly broke a descending trendline and tested resistance before rejection, staying capped under its 100-day and 200-day moving averages. RSI has cooled from overbought while a nearby bullish order block and prior resistance turned support define the key zone to watch for a bounce or breakdown. Futures open interest is elevated despite modest price recovery, a structure that has historically preceded sharp liquidations when speculative positioning unwinds. Ethereum price is up roughly 1–1.5%…
Bitcoin extends weakness after the Fed’s third rate cut as on-chain data show realized losses at -18%, still far from the -37% capitulation zone seen at past bottoms. Summary The Fed delivered a third straight 25 bps cut to 3.5%–3.75%, with one Trump-appointed official pushing for a deeper 50 bps move. On-chain data from Ali Charts show Bitcoin trader realized losses near -18%, still well above the -37% level that has marked major cycle lows. Short-term holders are selling into weakness while long-term holders accumulate, keeping BTC pinned near support despite looser monetary policy. Bitcoin (BTC) may experience additional price…