Category: Business

The crypto market is approaching several key technical turning points as major assets move within tightening structures that could soon trigger larger price swings. While some coins are struggling with resistance during recovery attempts, others appear to be stabilizing after prolonged declines, setting up potential breakout scenarios.

$XRP haven’t locked in enough

At the moment, $XRP is stuck in a tightening range that restricts its price movement and makes it impossible for it to move in a clear direction. A rising support trendline from recent lows, and the declining 26-day exponential moving average serving as resistance, are two crucial levels that the asset is consolidating between.

The next breakout could decide the market’s short-term course, because this compression has essentially locked $XRP into a small range.

After recovering from a steep decline earlier in February that brought the price close to the $1.25-$1.30 range, $XRP is currently trading around $1.40. Buyers reacted strongly to that selloff, creating a sequence of higher lows and the ascending trendline that is currently visible on the chart.

Key trendline invalidated

Since then, despite the overall bearish structure, this trendline has served as a short-term support level, keeping the price from falling further.

The upside is still limited, though. $XRP’s attempts to move higher have been repeatedly rejected by the 26 EMA, which is still sloping downward. Sellers intervene each time the asset gets close to this moving average, driving the price back toward support. Bulls must get past this dynamic’s obvious technical barrier in order to start a recovery.

This structure effectively squeezes $XRP between these two levels. The available trading range shrinks as the trendline rises and the moving average progressively falls.

When one side of the structure eventually breaks, these compression patterns usually end abruptly with an increase in volatility.

Reclaiming and holding above the 26 EMA is crucial for $XRP to start a significant recovery. The price may move toward the next resistance zones, which are located around $1.45 and possibly $1.60, where more moving averages and earlier price clusters are found, if a breakout is successful.

Bitcoin finally tried itself

One of the strongest recovery moves since the market recovered from the February lows near $63,000, Bitcoin recently attempted a significant breakout that momentarily lifted the asset above the $74,000 mark.

The rally was short-lived, though. Sellers are still actively defending the upper boundary of the current recovery structure, as evidenced by Bitcoin’s swift retreat back toward the $72,000 zone after reaching the higher range.

At first, the move above $74,000 appeared to be the start of a stronger bullish breakout. Bitcoin developed a tightening consolidation pattern that indicated an impending volatility expansion after weeks of pressure and a sharp decline earlier in the year. Eventually, buyers forced the price through that structure’s upper boundary, creating a surge of short-term momentum and a rise in trading volume.

The market was unable to sustain the higher levels in spite of the breakout attempt. The $74,000-$75,000 range is currently functioning as the first significant resistance barrier during the current recovery phase, according to the swift rejection.

This level is crucial from both a technical and psychological standpoint, because traders typically lock in profits close to significant round-number zones.

Bitcoin is currently maintaining a higher low structure in comparison to the February bottom, while holding just below that resistance area. This indicates that even though the market has not yet confirmed a sustained breakout, the larger recovery effort is still ongoing.

Bitcoin may enter a new momentum phase that drives the price toward higher resistance clusters in the mid-$70,000 region if buyers are able to recover and hold above the upper range on significant volume.

However, the market may enter another period of consolidation, or briefly retreat toward the mid-$60,000 range, if repeated attempts to break this level are unsuccessful.

Shiba Inu’s turning point in close

After months of relentless selling pressure, Shiba Inu may finally be nearing a turning point.

For the majority of the past year, the meme asset has been in a consistent downward trend, breaking through several consolidation structures and continuously printing lower highs. On the other hand, recent price activity indicates that $SHIB might be stabilizing close to a possible bottoming zone.

$SHIB is currently trading at $0.0000056, which is slightly above the most recent local support area. Due to its ability to absorb several waves of selling over the previous few sessions, this region has grown in importance. After the protracted decline, buyers may be gradually stepping in, as each attempt to drive the price lower has been met with a swift recovery.

Technically speaking, $SHIB previously broke away from a number of descending triangle patterns that emerged during the decline. The asset declined steadily as a result of those breakdowns, but the most recent move seems to be losing steam. Rather than another violent collapse, the recent price action indicates a tight consolidation forming close to the current support zone.

$SHIB‘s dynamic is unstable

Additionally, volume dynamics lend credence to the stabilization possibility. The sharp spikes that accompanied previous breakdowns are starting to fade, even though selling activity is still present. This frequently happens close to the conclusion of protracted bearish cycles, when longer-term players start building positions and weaker holders leave the market.

The separation between $SHIB and its key moving averages is another crucial component. The asset is still below important trend indicators like the 50 and 200-day averages, but as the downward momentum slows, the difference between the price and those levels has begun to close. The beginning of a reversal structure may be indicated if the market starts making higher lows.

$SHIB needs to maintain the $0.0000055–$0.0000050 support range in order for a recovery scenario to emerge. By staying in this region, the asset would be able to establish a foundation before trying to recover adjacent resistance levels at $0.0000062 and $0.0000067.

A crypto analyst’s Elliott Wave chart suggests $XRP could be on the verge of one of its most explosive moves yet, but the real fireworks depend on where exactly we are in the cycle.

In a post on X, crypto analyst HovWaves said his macro primary expectation is still the same, adding that he has been looking for a $15-$20 price target for $XRP and that the destination does not change even if the current structure turns out to be a different corrective leg than first assumed.

The $15-$20 Target That Hasn’t Changed

$XRP’s price action since the start of the year has hardly resembled that of an asset preparing for an explosive move into double-digit territory. Even so, the lack of strong upward price momentum has not discouraged many bullish proponents from maintaining extremely optimistic projections based on technical and fundamental analyses.

One such analyst is HovWaves, who has been consistent in his projections. In a recent post on X, the analyst wrote: “Macro primary expectation remains the same for $XRP. Been looking for that 15-20 macro target.”

The basis of HovWaves’ prediction is that the Elliott Wave label on the $XRP price chart can change, but the larger price objective of double digits stays on the table. He looked at the current $XRP structure as a choice between a smaller-degree pullback and a deeper corrective phase, stating that the price action could either be a 4th on the immediate degree or a deeper Wave 2.

That matters because Wave 2 and Wave 4 corrections can look similar in real time, but they usually imply different upsides once the correction ends. HovWaves also added a key condition: if the market is actually carving a Wave 2, then the final target will likely be much higher. This is interesting because it means that the $15 to $20 bracket could be a waypoint if the bigger impulse thesis plays out.

Bi-Weekly Elliott Wave Count Points To Final Impulse

The chart features an Elliott Wave count stretching all the way back to 2013. In it, HovWaves shows a completed five-wave impulse structure from $XRP’s earliest days through its 2018 peak at $3.4, followed by a lengthy corrective phase. This was a sprawling ABC correction that bottomed out in 2020 before a new impulse began taking shape.

The wave structure currently in focus is a five-wave advance from that 2020 low. Waves 1 and 2 look complete, and Wave 3 culminated in the July 2025 all-time high at $3.65. According to the chart, $XRP is now working through a Wave 4 consolidation with a downtrend and intermediate choppy phases before what would be the final fifth wave launch to a peak between $15 and $20.

At the time of writing, $XRP is trading at $1.43, and traders are anticipating a break above $1.50.

Featured image from Adobe Stock, chart from Tradingview.com

A U.S. federal judge has issued a temporary restraining order (TRO) against crypto lender BlockFills in a lawsuit brought by Dominion Capital, temporarily freezing assets tied to the dispute, according to a filing seen by CoinDesk.

In a complaint dated February 27, Dominion alleged that BlockFills misappropriated and unlawfully retained millions of dollars’ worth of customer crypto assets, commingled client assets and concealed heavy losses.

Dominion claimed BlockFills concealed the misuse of customer funds and refused to return the company’s assets after suspending withdrawals in February. As part of the complaint, the investment firm sought an asset freeze to protect its crypto trapped on Blockfills’ platform, which was granted by the court.

In an order filed March 3 in the U.S. District Court for the Southern District of New York, federal Judge Mary Kay Vyskocil barred the firm from transferring or disposing of 70.6 bitcoin BTC$70,867.63 allegedly belonging to Dominion, or moving assets outside the United States while the case proceeds.

The court also ordered Blockfills, which is backed by trading giant Susquehanna, to account for and segregate customer funds, including Dominion’s bitcoin, pending a hearing on a possible preliminary injunction.

CoinDesk reported last month that the crypto lender had incurred losses of around $75 million during the recent market downturn, and was looking for a buyer or emergency funding

BlockFills is a Chicago-based crypto trading and lending firm that provides liquidity, financing and risk-management services to institutional clients. Its platform facilitates crypto lending and borrowing, derivatives trading and over-the-counter (OTC) execution for hedge funds, asset managers, market makers and mining companies.

A Blockfills spokesperson said as a matter of policy the firm does not comment on pending litigation. Dominion Capital declined to comment.

A temporary restraining order in the U.S. is an emergency court order that temporarily stops someone from taking a specific action until the court can hold a full hearing. It’s commonly used in legal disputes involving money, assets or financial activity to prevent immediate harm.

The TRO was issued without notice to BlockFills, with the court citing a risk of “immediate and irreparable injury,” noting the firm had suspended client withdrawals and that insolvency could be imminent.

BlockFills must respond by March 17, when the temporary order is set to expire unless extended by the court.

Dominion Capital is a New York-based private investment firm and family office that invests across private equity, structured finance and digital assets, including backing bitcoin mining companies such as Bitfarms (BITF).

Tough times

Blockfills said it was halting customer withdrawals and deposits on Feb. 11 due to recent market and financial conditions.

The firm said at the time that it was working with investors and clients to reach a swift resolution and restore liquidity to the platform. CoinDesk subsequently learned that the crypto lender had incurred losses of around $75 million in the recent market downturn and was seeking a buyer or emergency funding.

CoinDesk also reported that Nicholas Hammer, co-founder and CEO of Blockfills, has stepped down from his leadership role. The firm’s website now lists Joseph Perry as the interim CEO.

Blockfills said it processed over $60 billion in trading volume in 2025, a 28% increase from the prior year, and is among the more active institutional crypto lending and borrowing desks. It serves about 2,000 institutional clients, including hedge funds, asset managers and mining firms.

“The company is now hurtling towards bankruptcy,” according to insolvency professional Thomas Braziel, founder of 117 Partners.

“After something like this, no serious institution is touching the platform,” Braziel said. “They are going to have to file for bankruptcy.”

The New York Law Journal first reported news of the Dominion complaint on Wednesday.

Read more: Blockfills co-founder and CEO Nicholas Hammer has stepped down

The quantum computing threat to Crypto assets has been a topic for discussion lately. As research accelerates, analysts are evaluating whether blockchain encryption could eventually be broken by powerful quantum machines. The real question may not be which network is secure today, but which one can adapt fast enough if quantum computers break modern encryption.

Now the question is who will lead the race?

According to information shared by Versan Aljarrah, no blockchain today is fully protected from this threat. Major networks like Bitcoin, Ethereum, and $XRP all rely on elliptic curve cryptography (ECC) to secure digital assets.

In simple terms, this system hides private keys while allowing public keys to be visible on the blockchain. But quantum computers running advanced algorithms could theoretically reverse-engineer those keys.

If that happens, the consequences could stretch beyond crypto. Global banking networks, military encryption, SWIFT systems, and large portions of the internet also rely on similar cryptographic foundations.

6.89 Million $BTC Potentially at Risk

The concern gained further attention after Ki Young Ju warned that around 6.89 million $BTC may eventually be exposed to quantum threats.

His analysis suggests 1.91 million $BTC are stored in early P2PK addresses where public keys are permanently visible. Another 4.98 million $BTC may have exposed keys due to previous transactions.

Ju also noted that roughly 3.4 million $BTC have remained dormant for more than a decade, including about 1 million $BTC linked to Satoshi Nakamoto.

“Coins that appear perfectly safe today could become spendable by an attacker tomorrow,” he warned.

• Also Read :
• Bitcoin Is Safe From Quantum Computing Attacks: Saylor
• ,

Bitcoin and Ethereum: Strong but Slow to Upgrade

Both Bitcoin and Ethereum remain among the most secure networks in crypto. However, their decentralized governance makes upgrades slower and politically complex.

Switching to quantum-resistant cryptography would likely require major protocol changes and broad community agreement. Past debates, like Bitcoin’s block size war, show how difficult reaching consensus can be.

As Ju explained, the biggest bottleneck may not be technology but social consensus.

$XRP’s Adaptability Argument

According to Aljarrah, the $XRP Ledger was designed with greater protocol-level flexibility.

Unlike more rigid systems, its validator-based governance could allow cryptographic upgrades through consensus without halting the network.

That does not make $XRP quantum-proof today. But proponents argue its architecture may allow faster adaptation if quantum computing ever threatens existing encryption.

As the technology evolves, the future of blockchain security may ultimately depend on which networks can evolve quickly enough to meet the challenge.

A major security breach has shocked the crypto community after a wallet linked to an early crypto participant and $NFT collector, sillytuna, lost roughly $24 million worth of aETHUSDC in what analysts believe to be an address poisoning attack.

But, sillytuna says that the theft process actually involved violence, weapons, kidnapping, and rape threats.

Lets Find it out!

How Sillytuna Loses $24M In Address Poisoning Attack

Blockchain security firm PeckShield first flagged suspicious activity after noticing a large token transfer from a wallet beginning with 0xd2e8…ca41, reportedly associated with a long-time crypto figure.

On-chain records show the wallet sent 23,596,293 aEthUSDC (worth roughly $23.5 million) in a single transfer to another wallet (0x6fef…a246032). PeckShield believes the attacker used an address-poisoning technique

Further, the attacker quickly converted $20 million of the stolen assets into $DAI and distributed the funds across two intermediary wallets.

• One wallet with an address (0xd0c…9dd3E) holding around $10 million in $DAI.
• Second wallet with address (0xcdCA…eC9C4) holding 9.979 million in $DAI.

Attacker Started Bridging Fund Towards Arbitrum

Blockchain monitoring also shows the attacker has started bridging small portions of the funds to the Arbitrum network.

One tracked transfer indicates a bridge transaction sending roughly 49.85 ETH, which resulted in over 106,000 USDC appearing on Arbitrum through a cross-chain bridge.

Security researchers believe the attacker may continue moving funds in smaller portions to avoid triggering alerts.

Victim Claims Physical Threats Were Involved

Shortly after the attack became public, sillytuna confirmed the compromised wallet was his personal address, revealing that the situation involved serious real-world threats.

According to his statement, the incident included violence, weapons, and kidnapping threats, adding that law enforcement authorities are now handling the investigation.

Shaken by the incident, the veteran crypto participant said he plans to leave the crypto industry completely.

Despite the loss, sillytuna said he was thankful the situation did not turn worse and that he managed to escape without serious physical harm.

Bounty Offered to Recover Stolen Funds

Following the incident, the $NFT collector publicly offered a 10% bounty for anyone able to help recover the stolen funds. The offer applies to individuals, investigators, or even parties involved in the incident who may return the assets.