The UK’s Serious Fraud Office (SFO) has launched its first major investigation into the Basis Markets cryptocurrency fraud, a scheme that defrauded investors of around $28 million through NFT sales and fundraising in 2021. Raids in London and West Yorkshire led to two arrests on suspicion of fraud and money laundering. SFO’s inaugural crypto fraud [.] Source:.
https://bitcoinethereumnews.com/crypto/uk-sfo-investigates-potential-28m-fraud-in-basis-markets-crypto-scheme/
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The post Ethereum : Old Ethereum Holders Sell Fastest Since 2021: What’s Driving the Exodus? appeared com. Old Ethereum is selling at the quickest rate since 2021, and 45K ETH daily is leaving the veteran wallets with bear market and profit-taking as market conditions. The outflow of ancient Ethereum addresses is increasing at a rapid pace, which has not been observed in more than two years. Statistics show that an average of 45, 000 ETH is being sold by early investors per day, which indicates high levels of market turnover by the 3-10 years 10-year-old group. Analysis by the Cryptopolitan. com marks this occurrence as a strategic change as the whales search for profit-taking exploits to prevent entrapment in new bear cycles. The selling pressure has elicited ETH price dips such as the recent fall to $3,152. 17, made worse by liquidations that reduced open interest to $17 billion. In the meantime, even with this selling wave, a plethora of accumulation wallets, staking contracts, and smart vaults indicates continuous ETH holding and belief in the asset over the long term. Profit-Taking Amid High Unrealized Gains Ethereum and its wallets continue to record significant unrealized profits, reflecting a high market value to realized value (MVRV) ratio of 2. 1, which is the highest in 2025. This means that the majority of holders are in profit, but not all whales are eager to gain profits and enhance their average cost basis. MVRV has not gone negative in the market, which is traditionally associated with capitulation in bull markets, indicating that, even despite the volatility, Ethereum bears are solid. Distribution began in August, but it piles on more quickly as sentiment has gone bad and the liquidation spike in October, the Cryptopolitan source notes. The current sentiment of Ethereum is at the low segment of the fear and greed index, indicating a wary trader. Whale Activity Spurs Market Movements Notable groups of whales, especially.
“It’s Been Heartbreaking To See What’s Happening Politically”: 18 Famous People Who Shared Their Reasons For Moving Out Of The US
Sophie Turner returned to London after her divorce. She said, “The gun violence, Roe v. Wade being overturned. Everything just kind of piled on. After the Uvalde [school] shooting, I knew it was time to get the f*** out of there. I’m so happy to be back. I never feel like myself when I’m not in London.”View Entire Post ›.
Pi Coin Could Face Major Price Corrections, Here’s Why
The post Pi Coin Could Face Major Price Corrections, Here’s Why appeared on BitcoinEthereumNews.com. Pi Coin’s recent upward momentum has started to cool, with the altcoin facing a 5% pullback in the past 24 hours. The rise in price earlier this week has now met short-term resistance as inflows show signs of saturation. This shift suggests that the strong buying activity supporting the rally may slow in the near term. Sponsored Pi Coin Faces Slight Bearishness The Chaikin Money Flow is slipping after touching the 0.15 level, signaling weakening capital inflows. CMF tracks money entering and exiting an asset, and while 0.20 is typically viewed as a saturation point, Pi Coin’s threshold appears lower. Historically, a move above 0.15 has often led to both price reversals and netflow declines. This pattern may repeat, as Pi Coin has struggled to maintain inflows once CMF breaks above this zone. A renewed drop in capital could pull the price lower in the coming sessions, creating short-term bearish pressure. Want more token insights like this? Sign upa for Editor Harsh Notariya’s Daily Crypto Newsletter here. Sponsored Pi Coin CMF. Source: TradingView Despite the slip in sentiment, macro indicators still show pockets of strength. The Relative Strength Index remains in bullish territory above the neutral line. This means Pi Coin is managing to sustain buying interest even as broader market sentiment trends bearish. Strong RSI readings often imply underlying resilience. One contributing factor is Pi Coin’s negative correlation with Bitcoin. Sponsored As BTC weakens, Pi Coin has avoided following the typical market trend, allowing it to maintain upward movement independently. This divergence continues to support the asset, even with inflows softening. Pi Coin RSI. Source: TradingView Pi Coin is trading at $0.241, sitting just below the $0.246 resistance level. The altcoin’s 5% drop yesterday reflects short-term bearish pressure. This has eased but not disappeared entirely. Price action suggests a cautious environment as traders…