Significant – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 09 Sep 2025 06:45:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Significant – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ethereum sees significant outflows as Solana and XRP shine amid $352M outflow https://earlybirdsinvest.com/ethereum-sees-significant-outflows-as-solana-and-xrp-shine-amid-352m-outflow/ https://earlybirdsinvest.com/ethereum-sees-significant-outflows-as-solana-and-xrp-shine-amid-352m-outflow/#respond Tue, 09 Sep 2025 06:45:36 +0000 https://earlybirdsinvest.com/ethereum-sees-significant-outflows-as-solana-and-xrp-shine-amid-352m-outflow/

Investment activity in crypto funds slowed sharply for the week ending Sept. 6, with total outflows reaching $352 million despite US economic indicators pointing toward conditions that usually encourage risk-taking, according to CoinShares‘ latest report.

James Butterfill, head of research at CoinShares, said weaker employment numbers and growing expectations for a Federal Reserve rate cut in September should have acted as tailwinds.

Instead, they coincided with a 27% drop in weekly trading volumes, signaling that investors were less willing to commit new capital to digital assets. Despite the downturn, longer-term market sentiment remains positive.

According to CoinShares, year-to-date inflows stand at $35.2 billion on an annualized basis, putting the market 4.2% ahead of last year’s full-year total of $48.5 billion.

Ethereum outflows dominate

While Bitcoin products managed to pull in $524 million last week, the overall market picture was dominated by Ethereum’s struggles.

According to CoinShares, investors removed $912 million from ETH-linked products, extending a pattern of daily withdrawals across multiple issuers for seven consecutive days.

This setback reflects the slowing sentiment surrounding the digital asset, even as its inflows for the year remain robust at $11.2 billion.

Crypto Assets Weekly Flow
Crypto Assets Weekly Flow for Week Ending Sept. 6 (Source: CoinShares)

In contrast, other major altcoins, such as XRP and Solana, continued to attract steady interest, showing that institutional investors’ appetite remains large for these products.

During the reporting period, Solana logged $16.1 million in weekly inflows, marking its 21st straight positive week and bringing the year’s total to $1.16 billion. Conversely, XRP-focused funds added $14.7 million in fresh capital, pushing their 2025 inflows to $1.22 billion.

Analysts link this consistent activity to speculation surrounding the eventual approval of spot ETFs tied to both assets. Notably, Bloomberg analysts have assigned an over 90% chance of this happening.

US investors lead market redemption

Across the regions, capital movements varied as US investors led redemptions in the market.

According to CoinShares, the US led global outflows with $440 million, while Sweden and Switzerland posted $13.5 million and $2.7 million in redemptions.

At the same time, Germany topped the inflow chart with $85.1 million, followed by Hong Kong with $8.1 million. Investors in Canada, Brazil, and Australia also added modest contributions of $4.1 million, $3.5 million, and $2.1 million, respectively.

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]]> https://earlybirdsinvest.com/ethereum-sees-significant-outflows-as-solana-and-xrp-shine-amid-352m-outflow/feed/ 0 57511 Bitcoin whale holdings dwindle to lowest levels since 2018 amid significant profit-taking https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/ https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/#respond Thu, 04 Sep 2025 08:57:48 +0000 https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/

Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally.

Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018.

Bitcoin Supply Per Whales
Bitcoin Supply Per Whales (Source: Glassnode)

According to the firm, this decline marks a continuation of a trend that began in November 2024.

The shrinking balances coincide with renewed activity from dormant wallets, suggesting whales are realizing gains as prices top $100,000.

Checkonchain data shows that long-term Bitcoin holders realized between $3 billion and $4 billion during the market highs in January and July this year.

Bitcoon Realized Value by Age
Bitcoon Realized Value by Age (Source: CheckOnChain)

These sales show that this cohort aggressively converted their paper gains into realized profits, which directly contributed to the fall in average whale holdings.

Despite the renewed selling pressure, Bitcoin continues to trade near $110,000, showing that market demand remains strong enough to absorb the whales profit-taking.

]]> https://earlybirdsinvest.com/bitcoin-whale-holdings-dwindle-to-lowest-levels-since-2018-amid-significant-profit-taking/feed/ 0 56689 Memecoin (MEME) jumps 29% amid significant volume spike https://earlybirdsinvest.com/memecoin-meme-jumps-29-amid-significant-volume-spike/ https://earlybirdsinvest.com/memecoin-meme-jumps-29-amid-significant-volume-spike/#respond Fri, 01 Aug 2025 02:11:21 +0000 https://earlybirdsinvest.com/memecoin-meme-jumps-29-amid-significant-volume-spike/
  • Memecoin price rose 29% in 24 hours to hit highs above $0.0023.
  • Daily volume spiked 600% as MEME jumped amid a technical breakout.
  • Altcoins are bullish and an anlyst says MEME price could surge 690%.

Memecoin (MEME), a meme token of the Memeland platform, has surged by 29% in the past 24 hours.

This sudden price surge, which has come amid a notable spike in trading volume, has MEME trading at levels that might see bulls take further control.

While profit taking remains a potential setback, bullish momentum is largely in place as the broader cryptocurrency market gets a boost from institutional demand and regulatory support.

Memecoin’s surge is also not isolated in the meme token ecosystem.

Pepecoin, DOGS and Pump.fun are among those seeing a significant upside amid a backdrop of bullish projects for altcoins.

Dogecoin, Shiba Inu and TRUMP have also signaled resilience.

Volume spikes as MEME token surges 29%?

MEME’s price jump follows a technical breakout and overall flip in memecoins.

With a 29% spike in 24 hours, this token’s value is back at $0.0023 levels seen in May.

The gains also mean the price has increased 75% from lows of $0.0012 seen in June.

Daily volume has also jumped 600% to over $170 million, notable activity as the token benefits from speculative buying on launchpad sentiment.

In recent months, tokens such as PUMP and RAY have exploded on launchpad anticipation and adoption.

Memecoin price rose amid a technical breakout

However, the MEME price remains well over 95% down since reaching its all-time highs of $0.081 in November 2023.

What’s next for Memecoin price?

Crypto analysts point to Memecoin’s uptick amid a breakout from a large falling wedge pattern.

In the market, a falling wedge breakout is a technical formation that usually suggests a reversal from a downtrend.

The token is showing a regular bull divergence, to signal bullish strength.

According to analyst Javon Marks, MEME could be poised for a significant upward movement.

The forecast aligns with the analyst’s earlier predictions from July 12, 2025, when Marks identified a falling wedge breakout.

“MEME (Memecoin) is currently showing MAJOR STRENGTH and with prices still being broken out of a large Falling Wedge as well as coming off of a huge Regular Bull Divergence, there can be significantly more bullish action coming!,” noted crypto analyst Javon Marks.

According to the analyst, MEME prices are likely to skyrocket if bulls take control.

The memecoin’s price could target $0.018, a level that would represent a staggering 690% upside.

Conversely, a failure to maintain momentum might see prices retreat, testing lower support levels. Likely, these will be at $0.0016 and $0.0014.

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]]> https://earlybirdsinvest.com/memecoin-meme-jumps-29-amid-significant-volume-spike/feed/ 0 50797 JPMorgan Chase Says ‘Significant Leap Forward’ Underway for Tokenized Money Market Funds Amid Goldman and BNY Partnership: Report https://earlybirdsinvest.com/jpmorgan-chase-says-significant-leap-forward-underway-for-tokenized-money-market-funds-amid-goldman-and-bny-partnership-report/ https://earlybirdsinvest.com/jpmorgan-chase-says-significant-leap-forward-underway-for-tokenized-money-market-funds-amid-goldman-and-bny-partnership-report/#respond Tue, 29 Jul 2025 21:43:26 +0000 https://earlybirdsinvest.com/jpmorgan-chase-says-significant-leap-forward-underway-for-tokenized-money-market-funds-amid-goldman-and-bny-partnership-report/

Analysts at the financial giant JPMorgan Chase think Goldman Sachs’ new partnership with BNY is a “significant leap forward” for tokenized money market funds, according to a new Bloomberg report.

Goldman and BNY recently announced a joint venture to launch tokenized money market fund services using a blockchain developed by Goldman.

BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments and Goldman Sachs Asset Management all plan to participate in the launch of the new service.

Teresa Ho, a managing director at JPMorgan, tells Bloomberg the partnership could expand the use cases for money market funds.

“The true takeaway from this is beyond the typical way we see money funds being used as a cash management asset class — they can now use it as collateral. Instead of posting cash, or posting Treasuries, you can post money-market shares and not lose interest along the way. It speaks to the versatility of money funds.”

Ho also notes that numerous other financial firms see the potential benefit of tokenization amid blossoming regulatory clarity.

“This is true across banks, asset managers, and payment processors. We wouldn’t be surprised to continue to see more developments with respect to stablecoins being more integrated with the traditional financial system, as well as more tokenization of real-world assets.”

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]]> https://earlybirdsinvest.com/jpmorgan-chase-says-significant-leap-forward-underway-for-tokenized-money-market-funds-amid-goldman-and-bny-partnership-report/feed/ 0 50380 Bitcoin Price Holds Above $115,000 — Here’s Why This Level Is Significant https://earlybirdsinvest.com/bitcoin-price-holds-above-115000-heres-why-this-level-is-significant/ https://earlybirdsinvest.com/bitcoin-price-holds-above-115000-heres-why-this-level-is-significant/#respond Sun, 27 Jul 2025 04:29:47 +0000 https://earlybirdsinvest.com/bitcoin-price-holds-above-115000-heres-why-this-level-is-significant/

After surging to a record high around $123,000 in the second week of July, the Bitcoin price action for the rest of the month has been largely choppy. However, the flagship cryptocurrency dropped to a level just above $115,000 on Friday, July 25. This abrupt decline came with the expected question in the market: Is the rally over? 

Here’s How $115,000 Could Be Critical To BTC’s Price

In a recent post on the social media platform X, crypto pundit Burak Tamaç highlighted the relevance of the region below the $115,000 level for the price of BTC. This on-chain observation, which is based on the BTC Supply Distribution URPD, showed how the Bitcoin price could play out in the near future.

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The Supply Distribution URPD metric tracks the amount of Bitcoin supply last moved or transferred at particular price levels. This metric is specifically useful in identifying potential support (demand) and resistance (supply) zones.

Tamaç pointed out on X that there is a significant void in Bitcoin’s Unspent Transaction Output (UTXO) distribution just around the $110,000 and $115,000 bracket. What this means is that there have been relatively fewer significant transactions around this price region in the recent past.

Bitcoin Price
Source: @burak_tamac on X

However, this UTXO gap sits above a price region ($90,000 to $110,000) thick with significant investor activity. Considering the level of activity within this zone, there is an increased likelihood of the premier cryptocurrency finding a support cushion just within the UTXO gap.

In this context, the support is to be above the $110,000 price level. As mentioned earlier, after Bitcoin reached a new all-time-high price, the premier cryptocurrency entered a consolidatory phase, where it has moved mostly sideways in the second half of July. During this period of indecisive price action, it can be observed that the Bitcoin price has not gone below the $115,000 price. 

What this means is that the $110,000 and $115,000 zone is likely where a new UTXO support has been established. If Bitcoin prevails above this price level, we can expect to see continued bullish momentum. On the flip side, if the $110,000 — 115,000 support zone fails, the flagship cryptocurrency might experience a severe sell-off.

Bitcoin Price At A Glance

As of this writing, Bitcoin is valued at about $118,050, reflecting an almost 2% jump in the past 24 hours. 

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Bitcoin price
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

 

Featured image from iStock, chart from TradingView

]]> https://earlybirdsinvest.com/bitcoin-price-holds-above-115000-heres-why-this-level-is-significant/feed/ 0 49900 JD Vance at Bitcoin 2025: Light on Substance, But a Significant Moment https://earlybirdsinvest.com/jd-vance-at-bitcoin-2025-light-on-substance-but-a-significant-moment/ https://earlybirdsinvest.com/jd-vance-at-bitcoin-2025-light-on-substance-but-a-significant-moment/#respond Thu, 29 May 2025 15:28:19 +0000 https://earlybirdsinvest.com/jd-vance-at-bitcoin-2025-light-on-substance-but-a-significant-moment/

Features writer

Connor Sephton

Features writer

Connor Sephton

About Author

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences…


Fact Checked by

Elena Bozhkova

Features Lead

Elena Bozhkova

About Author

Elena is the Features Lead at Cryptonews.com. With a Master’s degree in science journalism from City University, London, she is passionate about exploring complex topics in the world of technology.

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BTC’s price didn’t really flinch during JD Vance’s speech to the Bitcoin 2025 conference in Las Vegas — primarily because it didn’t deliver that “rabbit out of the hat” moment that the markets had been hoping for.

But make no mistake, this was a significant moment. Addressing the crowd in front of a lectern bearing the vice presidential seal, his speech attracted widespread media attention across countless television networks.

The free publicity for Bitcoin will unhelpfully aid his prediction that 100 million Americans will one day invest in digital assets — doubling from current levels.

Vance began by attempting a few jokes. One about shilling his own meme coin didn’t really land, but there were ripples of laughter when he said his Secret Service detail was nervous because Bitcoiners “really like guns.”

He went to great lengths to assert his own credentials as a Bitcoiner — and praised how crypto has “expanded banking access for many,” with “ground-breaking” uses continually emerging for blockchain technology.

The Vice President argued that crypto is a “hedge against bad policymaking from Washington, no matter what party is in control,” but some of those who saw their portfolios take a beating during the Trump tariff debacle may disagree here.

Vance also won round the crowd by declaring “there’s a new sheriff in town” — and Donald Trump’s return means “crypto finally has a champion and an ally in the White House.”

“After four years of mistreatment and hostility led by Demorat regulators, lawmakers in this country have a choice: will we lead our country into a future of financial sovereignty and prosperity?”

A substantial chunk of this speech was spent looking back, rather than looking forward. Vance lashed out at “unelected bureaucrats” who stymied the digital assets space during the Biden era, namely Gary Gensler — and vowed that “Operation Chokepoint 2.0 is dead and not coming back.”

“We’ve got to clean up the wreckage that the last administration left us — and since day one that’s what we’ve been trying to do.”

While Bitcoin conference organizers like to insist that the discussion is focused on all BTC, all the time, Vance dedicated a chunk of his speech to stablecoins — and the GENIUS Act that’s currently working its way through Congress.

“In this administration, we do not think stablecoins threaten the integrity of the U.S. dollar — quite the opposite. We view them as a force multiplier of our economic might.”

He also stressed that Bitcoin, as well as stablecoins, are here to stay — and are now welcome in the mainstream economy.

“Right now, in this Congress and with this administration, we have a once-in-a-generation opportunity to unleash innovation and improve the lives of countless American citizens. But if we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendlier jurisdiction, and President Trump is going to fight to make sure that does not happen.”

Vance added that he wants to ensure that “Democrats never wage another war on the crypto community.”

But perhaps the most interesting part of his speech came towards the end, when he offered a few bits of advice for the Bitcoiners assembled in the room. While he praised the industry’s organization during the 2024 election, Vance suggested there had been inadequate pushback during Gensler’s time at the SEC — and the crypto industry doesn’t have time to rest on its laurels.

Stressing that “every victory that we win is only a provisional victory,” he said:

“There’s a lesson to take — unless you guys get involved in politics, politics is going to ignore this industry.”

Vance said Bitcoin’s future “has to be a two-way conversation” — with investors and executives who have intricate knowledge of this digital asset taking a leading role in showing how it “can play a positive role in the strategic future of this country.”

“We don’t want to wake up in a country 10 years from now that is less wealthy and less prosperous because we made bad decisions today. We’re going to make the right decisions but that depends on you being part of the conversation.”

He also ended on a rather cryptic remark that was left explained — and claimed that, in broad terms, a political divide exists between new technologies. Vance said that while those on the right tend to gravitate towards Bitcoin, AI is more favored by the left.

From the podium, the Vice President predicted that “AI is going to affect in good and bad ways what happens to Bitcoin” — without explaining how.

“Make sure you’re keeping tabs on and staying involved in what’s happening with AI — I don’t want Bitcoin to be negatively affected by what happens in AI.”

Vance’s speech to Bitcoin 2025 wasn’t one of substance, but it was one of visibility.


]]> https://earlybirdsinvest.com/jd-vance-at-bitcoin-2025-light-on-substance-but-a-significant-moment/feed/ 0 38985 Billionaire Steve Cohen Issues Recession Warning, Expects Fed To Keep Rates Steady Amid ‘Significant Slowing Growth’: Report https://earlybirdsinvest.com/billionaire-steve-cohen-issues-recession-warning-expects-fed-to-keep-rates-steady-amid-significant-slowing-growth-report/ https://earlybirdsinvest.com/billionaire-steve-cohen-issues-recession-warning-expects-fed-to-keep-rates-steady-amid-significant-slowing-growth-report/#respond Mon, 19 May 2025 10:14:02 +0000 https://earlybirdsinvest.com/billionaire-steve-cohen-issues-recession-warning-expects-fed-to-keep-rates-steady-amid-significant-slowing-growth-report/

Billionaire and hedge fund legend Steve Cohen reportedly believes that the US economy is not yet over the hump despite positive developments over the last few weeks.

At the Sohn Investment Conference in New York, the head of Point72 Asset Management says there’s a 45% chance that the US will enter a period of economic contraction, reports Bloomberg.

“We aren’t in a recession yet, but we have significant slowing growth.”

Cohen predicts that the US economy will grow by 1.5% in 2026, noting that the figure is “OK but not phenomenal.”

Data from Trading Economics shows that the US GDP has grown 3.2% on average from 1947 until 2025.

Turning to the S&P 500, Cohen notes that the stock market’s abrupt reversal after falling to a low of 4,835 points in April is “unusual,” comparing the move to the rallies witnessed after the March 2020 Covid-induced collapse.

For now, the billionaire says it is within the realm of possibility for the S&P 500 to retrace by as much as 15% or just move sideways in the coming months.

“Markets don’t have to go up every year. Markets can go sideways and that’s perfectly normal.” 

As for the Federal Reserve, Cohen thinks that Chair Jerome Powell will keep interest rates steady to cushion the economy against tariff-induced shocks.

“They are going to be worried about inflation from tariffs.”

Cohen is not the only one to sound the alarm about the possibility of the US entering an economic recession. Last week, JPMorgan Chase CEO Jamie Dimon said that a US economic downturn is something he wouldn’t take off the table at this point, even after the White House signed a trade truce with China last week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/billionaire-steve-cohen-issues-recession-warning-expects-fed-to-keep-rates-steady-amid-significant-slowing-growth-report/feed/ 0 37080 IMF Warns Negative Supply Shock Incoming, Forecasts ‘Significant Slowdown’ of Global Economy https://earlybirdsinvest.com/imf-warns-negative-supply-shock-incoming-forecasts-significant-slowdown-of-global-economy/ https://earlybirdsinvest.com/imf-warns-negative-supply-shock-incoming-forecasts-significant-slowdown-of-global-economy/#respond Sun, 27 Apr 2025 17:35:32 +0000 https://earlybirdsinvest.com/imf-warns-negative-supply-shock-incoming-forecasts-significant-slowdown-of-global-economy/

The International Monetary Fund (IMF) is forecasting a downturn for the global economy, largely driven by tariff-induced uncertainties.

In its new World Economic Outlook Report, the IMF says that after enduring a “prolonged and unprecedented series of shocks,” the global economy appears to have stabilized.

However, the IMF says the world’s financial landscape now faces significant risks as “uncertainties have climbed to new highs” due to President Trump’s threat to impose historically high tariff rates.

Trump’s tariff agenda has prompted the IMF to revise “markedly” its forecasts for global growth compared to its last update in January.

“For this reason, we expect that the sharp increase on April 2 in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term. While this is our central scenario— or ‘reference forecast’ — many possible paths exist, reflecting the unpredictability surrounding future trade policy and the varied impact of tariffs across different countries through a diverse set of channels…

The common denominator, however, is that tariffs are a negative supply shock for the economy imposing them, as resources are reallocated toward the production of noncompetitive goods, with a resulting loss of aggregate productivity, lower activity, and higher production costs and prices. Moreover, in the medium term, by reducing competition, tariffs increase the market power of domestic producers, decrease incentives to innovate, and create multiple opportunities for rent seeking. For trading partners, tariffs constitute mostly a negative external demand shock, driving foreign customers away from their products, even if some countries could benefit from the rerouting of trade flows.”

In anticipation of potential disruptions, the IMF says it has revised down its projection for global trade growth by 1.5%, with a “slight recovery” forecasted for next year.

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]]> https://earlybirdsinvest.com/imf-warns-negative-supply-shock-incoming-forecasts-significant-slowdown-of-global-economy/feed/ 0 33121 Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable https://earlybirdsinvest.com/bybit-theft-update-ceo-confirms-significant-portion-of-stolen-1-4-billion-is-now-untraceable/ https://earlybirdsinvest.com/bybit-theft-update-ceo-confirms-significant-portion-of-stolen-1-4-billion-is-now-untraceable/#respond Tue, 22 Apr 2025 05:56:15 +0000 https://earlybirdsinvest.com/bybit-theft-update-ceo-confirms-significant-portion-of-stolen-1-4-billion-is-now-untraceable/

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In a staggering breach that rocked the crypto world, crypto exchange Bybit has reported significant developments following a major hack attributed to alleged North Korean hackers. 

The incident, part of a record-breaking $1.5 billion crypto heist, has seen hackers convert at least $300 million into unrecoverable funds. CEO Ben Zhou provided a detailed update on the situation through a post on social media platform X (formerly Twitter).

Bybit CEO Details Movement Of Stolen Assets

Zhou’s “4.21.25 Executive Summary on Hacked Funds” revealed that the total amount stolen amounts to approximately $1.4 billion, primarily comprising around 500,000 Ethereum (ETH). 

The breakdown of the hacked funds indicates that 68.57% remain traceable, suggesting that a significant portion of the stolen crypto can still be tracked through the blockchain. 

Conversely, 27.59% have gone dark, meaning these funds are no longer traceable and may be lost. Additionally, 3.84% of the funds have been frozen, potentially due to interventions from law enforcement or regulatory bodies.

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The untraceable funds largely flowed into mixers—services that obscure the origin of cryptocurrencies—before being moved through bridges to peer-to-peer (P2P) and over-the-counter (OTC) platforms. 

One of the mixers identified in the laundering of the stolen funds is Wasabi, linked to the Democratic People’s Republic of Korea (DPRK). According to Zhou, after a specific amount of Bitcoin (BTC) was processed through Wasabi, it subsequently entered other mixing services such as CryptoMixer, Tornado Cash, and Railgun. 

The hackers reportedly utilized various cross-chain and swap services, including Thorchain, eXch, Lombard, LiFi, Stargate, and SunSwap, to facilitate the movement of assets. 

The ultimate destination for these funds appears to be OTC or P2P fiat currency exchange services, which allow for the conversion of cryptocurrencies into traditional currencies without the need for a centralized exchange.

Stolen Crypto Breakdown

The update also sheds light on the whereabouts of the stolen assets. A substantial portion of Ethereum has been transferred, with 432,748 ETH—approximately 84.45% of the total—valued at around $1.21 billion, converted from Ethereum to Bitcoin via Thorchain. 

Of this amount, 67.25% (342,975 ETH, valued at about $960.33 million) has been converted into 10,003 BTC, distributed across 35,772 wallets with an average of 0.28 BTC each. 

Related Reading

Meanwhile, 1.17% (5,991 ETH, approximately $16.77 million) remains on the Ethereum blockchain across 12,490 wallets, averaging 0.48 ETH each. In terms of Bitcoin, 944 BTC—about 6.34%, valued at $90.62 million—has been sent to the Wasabi Mixer, while 531 BTC (equivalent to 18,206 ETH, or 3.57%) has been transferred back from Bitcoin to Ethereum via Thorchain.

In light of the ongoing investigation, Bybit has received 5,443 bounty reports related to the hack over the past 60 days, with 70 of those deemed valid. Zhou emphasized the need for more community involvement, inviting bounty hunters to help decode mixers and assist in tracing the remaining stolen funds.

Bybit
The daily chart shows the total crypto market cap valuation at $2.7 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

]]> https://earlybirdsinvest.com/bybit-theft-update-ceo-confirms-significant-portion-of-stolen-1-4-billion-is-now-untraceable/feed/ 0 32163 XRP Price Coiled for a Significant Move as Key Volatility Indicator Mirrors 2024 Patterns https://earlybirdsinvest.com/xrp-price-coiled-for-a-significant-move-as-key-volatility-indicator-mirrors-2024-patterns/ https://earlybirdsinvest.com/xrp-price-coiled-for-a-significant-move-as-key-volatility-indicator-mirrors-2024-patterns/#respond Sun, 20 Apr 2025 16:39:14 +0000 https://earlybirdsinvest.com/xrp-price-coiled-for-a-significant-move-as-key-volatility-indicator-mirrors-2024-patterns/

The price action for XRP and bitcoin (BTC) resembles a tightly compressed spring on the verge of uncoiling with a sudden release of energy.

That’s the message from a key volatility indicator called Bollinger Bandwidth. Bollinger Bands are volatility bands set at plus two and minus two standard deviations above and below the 20-period moving average (SMA) of an asset’s market price. The bandwidth measures the space between these bands as a percentage of the 20-day moving average.

XRP and BTC with Bollinger bandwidth. (TradingView/CoinDesk)

XRP and BTC with Bollinger bandwidth. (TradingView/CoinDesk)

In the case of XRP, the Bollinger bandwidth has narrowed to its lowest level since October 2024 on the 4-hour chart, where each candle represents price action for a four-hour period. The 4-hour chart interval is quite popular in the 24/7 crypto market, allowing traders to analyze and predict short-term price movements. Bitcoin’s 4-hour chart mirrors the Bollinger band width pattern in XRP.

The long-held belief is that a tighter Bollinger band width, reflecting a quiet period in the market, is akin to a compressed spring ready for significant movement.

During these calm phases, the market accumulates energy that is eventually released once a clear direction is established, often leading to dramatic rallies or sharp price declines. Both XRP and bitcoin surged in November-December following an extended range-bound period that left their bandwidth at levels comparable to those observed today.

That said, tighter bands do not always indicate a bullish volatility explosion; they can also foreshadow a sell-off. For example, the bands tightened in October 2022, signaling a significant move ahead, which materialized on the downside after FTX went bust.

It remains to be seen whether this latest spring compression will trigger bullish volatility or lead both tokens into a tailspin. The recent hawkish comments from Federal Reserve’s Chairman Jerome Powell and selling by some whales favor the latter.

Stay alert!

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