Senin, 28 April 2025

BTC $100K on thin ice, Riot scores $100M from Coinbase


BTC faces heavy resistance at $95K, Riot secures fresh capital, and the crypto headlines keep rolling.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Bitcoin $100K on Thin Ice, Riot Gets $100M Loan from Coinbase, & Other News

Apr. 20 - 26

#1

Riot Platforms secures $100M 'Bitcoin-backed' loan from Coinbase

Riot Platforms has used its massive Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase as the cryptocurrency miner eyes continued expansion.

The $100 million loan from Coinbase's credit arm marks Riot's "first Bitcoin-backed facility," CEO Jason Les said in an April 23 statement.

Les said the credit line will be used to fund general corporate operations and support the company's "strategic growth initiatives."

The credit line is scheduled to mature in one year's time, but could be extended for an additional year. The loan carries an annual interest payment of at least 9%, based on the current upper limit of the federal funds rate plus 4.5%.

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#2

New SEC chair 'will be good for Bitcoin' — Michael Saylor

Michael Saylor, the CEO of top corporate Bitcoin holder Strategy (formerly MicroStrategy), expressed support for new US Securities and Exchange Commission (SEC) Chair Paul Atkins.

In an April 23 X post, Saylor wrote that "SEC Chairman Paul Atkins will be good for Bitcoin." The statement follows Atkins' swearing-in as the 34th chairman of the SEC on April 21.

Blue Macellari, head of digital assets at investment firm T. Rowe Price, also commented on Atkins in a recent Bloomberg interview. She seemed hopeful and recognized a change in how the SEC has acted under the new administration, particularly with crypto-related information, including "close to six or seven roundtables" with industry professionals.

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#3

Shaquille O'Neal reaches settlement in FTX lawsuit, terms remain secret

Shaquille O'Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.

The settlement amount remains confidential, with terms expected to be disclosed after investors formally request preliminary court approval, according to court documents.

O'Neal and other celebrities and athletes were accused of promoting FTX and allegedly contributing to investor losses by endorsing the now-bankrupt exchange.

Prediction of the Week

Bitcoin spikes to 7-week highs as analyst doubts chances of $100K rebound

Bitcoin headed into key resistance after the April 25 Wall Street open as doubts over the BTC price breakout persisted.

Keith Alan, cofounder of trading resource Material Indicators, likewise doubted whether BTC/USD could sustain a trip above $95,000.

Alan noted declining volume as price moved higher, repeated wicks below the yearly open and a "down" signal on one of Material Indicators' proprietary trading tools.

"For me, a pump above $95k would invalidate the new signal, but I'd probably consider such a move to be a short squeeze unless we have a catalyst with some substance behind it," he summarized.

FUD of the week

North Korean hackers set up 3 shell companies to scam crypto devs

A subgroup of the North Korea-linked hacker organization Lazarus set up three shell companies, two in the United States, to deliver malware to unsuspecting users.

The three sham crypto consulting firms — BlockNovas, Angeloper Agency and SoftGlide — are being used by Contagious Interview, a sub-group of Lazarus, to distribute malware through fake job interviews, Silent Push threat analysts said in an April 24 report.

Silent Push senior threat analyst Zach Edwards said in an April 24 statement to X that two shell companies are registered as legitimate businesses in the US.

"These websites and a huge network of accounts on hiring / recruiting websites are being used to trick people into applying for jobs," he said.