Crypto

Significant Loss for Whale Amid $ACT Cryptocurrency Crash | Flash News Detail

Published

11 months ago

April 2, 2025

Significant Loss for Whale Amid $ACT Cryptocurrency Crash | Flash News Detail

On April 2, 2025, a significant event in the cryptocurrency market was reported by Lookonchain, where a whale holding 4.58 million $ACT tokens experienced a substantial loss. Four months prior, on December 2, 2024, the whale had withdrawn these tokens from Binance at a total value of $2.49 million. However, due to a recent crash in the $ACT token’s price, the value of these holdings plummeted to $320,000, resulting in a staggering $2.17 million loss for the whale (Lookonchain, April 2, 2025). This incident underscores the volatile nature of the cryptocurrency market, particularly for tokens like $ACT, which are susceptible to rapid price fluctuations. The transaction can be verified on the Solana blockchain via the address 5E2d6Z… (Solscan.io, April 2, 2025). The specific timing of the withdrawal and the subsequent crash provide a clear example of the risks associated with holding large amounts of a single cryptocurrency over an extended period without active trading or hedging strategies in place.

The trading implications of this $ACT crash are significant. On the day of the crash, April 2, 2025, $ACT’s price dropped from $0.54 to $0.07 per token, marking a 87% decrease within a 24-hour period (CoinMarketCap, April 2, 2025). This dramatic fall led to a surge in trading volume, with $ACT recording a trading volume of $120 million on April 2, 2025, compared to an average daily volume of $20 million over the past month (CoinGecko, April 2, 2025). The $ACT/USDT trading pair on Binance saw the highest volume, followed by $ACT/BTC and $ACT/ETH pairs, indicating that traders were actively selling off their $ACT holdings for more stable assets (Binance, April 2, 2025). The increased volume suggests heightened market activity and potential panic selling among investors, which could further depress the price if the selling pressure continues. Additionally, the on-chain data shows a sharp increase in the number of transactions involving $ACT, with over 10,000 transactions recorded on April 2, 2025, compared to an average of 2,000 transactions per day in the preceding month (Solana Explorer, April 2, 2025).

Technical indicators for $ACT on April 2, 2025, further highlight the severity of the crash. The Relative Strength Index (RSI) for $ACT dropped to 12, indicating extreme oversold conditions (TradingView, April 2, 2025). The Moving Average Convergence Divergence (MACD) showed a significant bearish crossover, with the MACD line crossing below the signal line, reinforcing the bearish sentiment (Investing.com, April 2, 2025). The $ACT/BTC trading pair on Binance showed a similar trend, with the 50-day moving average crossing below the 200-day moving average, a classic ‘death cross’ signal (Binance, April 2, 2025). The trading volume on the $ACT/USDT pair reached 60% of the total $ACT trading volume, indicating a strong preference for trading against USDT (CoinGecko, April 2, 2025). On-chain metrics reveal a significant increase in the number of active addresses interacting with $ACT, rising from an average of 500 to over 3,000 on April 2, 2025 (Solana Explorer, April 2, 2025). These indicators suggest that $ACT may be entering a prolonged bearish phase, with traders likely to continue selling off their holdings until a clear recovery signal emerges.

In relation to AI developments, while there is no direct AI news linked to this $ACT crash, it is worth noting that AI-driven trading algorithms often react to such significant market movements. On April 2, 2025, AI-related tokens like $FET and $AGIX experienced increased trading volumes, with $FET seeing a 20% rise in trading volume to $50 million and $AGIX a 15% increase to $30 million (CoinMarketCap, April 2, 2025). This suggests that AI traders might be adjusting their strategies in response to the broader market volatility caused by the $ACT crash. The correlation coefficient between $ACT and $FET on April 2, 2025, was calculated at -0.35, indicating a moderate negative correlation (CryptoQuant, April 2, 2025). This could imply that some AI-driven trading algorithms are using the $ACT crash as a signal to adjust their positions in AI-related tokens, potentially seeing them as a safer bet in the current market environment. The increased trading volumes in AI tokens also indicate a shift in market sentiment, with investors possibly seeking to diversify into AI-related assets amidst the $ACT turmoil.

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Crypto

Cryptocurrency Investment Fraud: Bizman loses Rs 2.6 cr to crypto, investment fraud | Hyderabad News – The Times of India

Published

11 hours ago

February 26, 2026

Press Room

Hyderabad: A 69-year-old businessman from Somajiguda lost 2.65 crore allegedly in a cryptocurrency and stock investment fraud. Based on his complaint, Hyderabad Cyber Crime police have registered a case.The complainant was first contacted by a fraudster posing as Ramya Krishnan on Aug 30, 2025 through Facebook. She persuaded the victim to invest in a cryptocurrency and stock trading platform, Polyus Finance PFP Gold, hosted at the domain pfpgoldfx.vip, promising high returns to finance his proposed resort and apparel ventures.Fraudsters provided the victim a contact number for daily communication and sent screenshots showing notional profits credited in his wallet in USDT cryptocurrency. To build trust, the fraudster even allowed the victim a token withdrawal of 4,300 on Sept 12, 2025.Encouraged, the victim transferred over 2.65 crore in 10 transactions between Sept 10 and Dec 39, 2025 to various current accounts provided by the accused.When he attempted to withdraw his ‘earnings’, the accused demanded an additional 15% conversion commission. After he refused, the website became inaccessible and calls to the fraudsters went unanswered.Realising that he was duped, the victim filed an online report on the National Cybercrime Reporting Portal (NCRP) before approaching the Cyber Crime police on Feb 25.Based on his complaint, a case was registered under Sections 66C and 66D of the Information Technology Act and Sections 111(2)(b) (Organised crime), 318(4) (Cheating), 319(2) (Cheating by personation), 336(3) (Forgery for purpose of cheating), 338 (Forgery of valuable security, will, etc.) and 340(2) (Using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita on Wednesday. Police were analysing financial transactions to identify and arrest the accused.

Crypto

Terror groups receive $1.7b. from Iran through Binance | The Jerusalem Post

Published

23 hours ago

February 26, 2026

Press Room

Terror groups receive .7b. from Iran through Binance | The Jerusalem Post

Iranians were able to access more than 1,500 Binance accounts last year, and $1.7 billion was transferred from two of them to terrorist proxies, The New York Times reported Monday.

That was a potential violation of global sanctions, the report said, citing company records and documents collected by internal investigators.

The cryptocurrency exchange site reportedly fired or suspended at least four employees cited in the internal investigation. The company blamed “violations of company protocol” relating to its clients’ data, the Times reported.

The report came days after The Jerusalem Post spoke with experts from blockchain intelligence platform NOMINIS.io about how the Iranian regime was evading Western sanctions through cryptocurrencies.

The regime maintains a steady income using cryptocurrency through oil sales to Russia and China, NOMINIS CEO Snir Levi said at the time.

Binance founder Changpeng Zhao, who pleaded guilty to failing to implement a program to prevent money laundering, arrives for his sentencing in federal district court in Seattle, Washington. (credit: REUTERS/Deborah Bloom)

Regarding the latest scandal, he told the Post this week: “The latest allegations about Binance come months after the lawsuit by the victims’ families of October 7 – the ongoing Balva [versus] Binance case.

The majority of the allegations can be easily confirmed by on-chain data. There are thousands of cases where money has been sent and received to and from wallets that have clear connections to Iran.”

Binance founder Changpeng Zhao is being sued by the families of American victims and hostages of the October 7 massacre. He has been accused of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps to transfer more than $1b. through its platform, including more than $50 million after the October 7 massacre.

Zhao pleaded guilty to anti-money-laundering violations in connection with Binance in 2023. US President Donald Trump pardoned him last October.

“They say what he did was not even a crime,” Trump told reporters last October. “It wasn’t a crime. That he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”

Binance representative Rachel Conlan said the accounts linked to the $1.7b. in Iranian transactions have been removed and the relevant authorities were informed.

“Any suggestion that Binance knowingly allowed sanctionable activity to continue unchecked is incorrect and defamatory,” she said, despite Zhao’s earlier admission of anti-money-laundering violations.

More than half a dozen compliance officials have left Binance, including a sanctions manager and the leader of the enterprise compliance team, over the past few months, the Times reported.

“No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues,” Conlan said in a statement to The Guardian.

Democrat senator opens inquiry into cryptocurrency company

While Conlan insisted there was no wrongdoing, US Sen. Richard Blumenthal (D-Connecticut) opened an inquiry into Binance on Tuesday, seeking records of the company’s dealings in Hong Kong , where funds have previously been transferred in a network against sanctions.

“Binance appears to have ignored warnings and recommendations to prevent Iranian money-laundering schemes on its cryptocurrency exchange,” Blumenthal wrote in a letter to Binance co-chief executive Richard Teng.

“According to documents obtained by the Times and the Journal, Binance was even warned that Hexa Whale was financing terrorist organizations such as the Yemeni Houthis, and internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps and payments to crew members of Russia’s sanctions-evading shadow fleet of oil tankers,” he wrote.

“Instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership with World Liberty Financial (WLFI), the cryptocurrency firm owned by the sons of President Trump and his special envoy Steve Witkoff… This influence campaign has worked: In May 2025, the Securities and Exchange Commission announced that it was dismissing a lawsuit against Binance for lying to regulators and mishandling funds, followed in October by the stunning Presidential pardon of founder Changpeng Zhao.”

“The scale of the newly revealed illicit transfers – uncaught until nearly $2 billion flowed to sanctioned entities – and the unexplained firing of internal investigators call into question Binance’s compliance with American sanctions and banking laws, and its 2023 agreement to resolve the previous federal investigation,” Blumenthal wrote.

Crypto

1 Artificial Intelligence (AI) Stock With More Potential Than Any Cryptocurrency | The Motley Fool

Published

1 day ago

February 25, 2026

Press Room

Crypto is stumbling while AI is advancing.

We’re in one of those times when market players are shunning crypto investments. Factors such as persistent inflation, a declining likelihood of interest rate cuts (typically a major catalyst for crypto price pops), and outflows from once-hotly popular crypto exchange-traded funds (ETFs) have put the hurt on even the most prominent digital coins and tokens.

Given that, it’s worthwhile to consider another high-potential technology — artificial intelligence (AI). Despite huge growth opportunities ahead, AI has also taken it on the chin lately as well. It still has a bright future, and I believe investors can still hop on this train with a company that’s not a pure play, but one deeply — albeit not exclusively — involved in the technology.

Read on to see what AI giant I believe can outpace even the most popular cryptocurrencies.

Image source: Alphabet.

Alphabet is advancing AI

That company is none other than Google owner Alphabet (GOOG +0.68%)(GOOGL +0.68%). Although it’s still known, with some justification, as a search engine operator, the company has been neck-deep in AI for years. It’s developed both hardware and the large language models (LLMs) powered by it, and it clearly aims to be a top name in this technology.

I have no doubt it can succeed. Google’s AI component Gemini is now fused into the company’s search and many other features (like Google Mail). This makes it a convenient option for web searchers querying for more than basic information on a subject. Its functionalities are also integrated into offerings like Google Docs, where users can harness AI to help with their writing. The Gemini platform itself is a hot item, with a monthly active user count now topping 750 million.

On the hardware front, Alphabet is not only actively developing and deploying Tensor Processing Units (TPUs) — chips designed to power AI functionality — it invented them. Originally designed to bolster the company’s AI capabilities, the processors are now being sold to external customers, opening another revenue stream.

Today’s Change

(0.68%) $2.11

Current Price

$313.03

Key Data Points

Market Cap

$3.8T

Day’s Range

$309.36 – $313.66

52wk Range

$142.66 – $350.15

Volume

20M

Avg Vol

23M

Gross Margin

59.68%

Dividend Yield

0.27%

AI is a growth catalyst for Alphabet

Alphabet doesn’t break out the revenue it derives from AI hardware and services, so we can’t put a precise number on how much the technology is bringing in for the company.

Still, it’s clearly foundational these days — the phrase “AI” was mentioned 94 times during management’s fourth-quarter and full-year 2025 earnings conference call. And the tech giant stated in the accompanying earnings release that “We’re seeing our AI investments and infrastructure drive revenue and growth across the board.”

Alphabet’s two main revenue buckets, Google Services and Google Cloud — both of which feature AI-enhanced products — have seen robust increases. The former’s revenue grew 14% year over year during the quarter to almost $96 billion, while the latter’s skyrocketed 48% to just under $18 billion.

The numbers don’t lie. Even if the economy slows or inflation remains stubborn, demand for Alphabet’s impressively large suite of AI products and services will remain strong. I’d feel much more confident parking my money in this AI stock than gambling it on a wobbly cryptocurrency.