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DeFi platform KiloEx offers $750K bounty to hacker

Decentralized exchange (DEX) KiloEx has offered the hacker who exploited $7.5 million in crypto from its platform a 10% white hat bounty.

On April 15, KiloEx posted an offer directed to the hacker who stole millions from the DEX. KiloEx said it had worked with law enforcement, cybersecurity agencies and exchanges to uncover information about the hacker’s activities.

The DEX also shared wallet addresses linked to the hackers that the DeFi platform and other organizations are actively monitoring. KiloEx said they were prepared to freeze the stolen funds. However, the DEX offered the hacker $750,000 in exchange for returning 90% of the stolen assets.

KiloEx said that it would treat the incident as a white hat exploit if the hacker returned the funds.

Hacker stole $7.5 million from KiloEx

On April 14, cybersecurity companies reported that an exploiter looted the platform through a price oracle

Crypto’s debanking problem persists despite new regulations

The crypto industry’s inability to access banking services still concerns many industry observers despite recent policy victories.

In past years, financial services firms and banks concerned about fiduciary risk, reporting liabilities and reputational risk often would refuse to offer service to crypto firms — i.e., “debanking” them.

Legislative efforts in the United States and Australia are attempting to remove these barriers for the crypto industry. In the former, legislators repealed guidelines that made it difficult for banks to custody crypto assets, as well as those stating that crypto carried “reputational risk” for banks. In the latter, the Labor Party has introduced a bill to create a legal framework for crypto, giving banks the clarity they need to interact with the crypto industry.

Despite these tangible efforts, some crypto industry observers say that the crypto’s debanking problem is far from over.

US crypto execs say debanking is still an issue

The crypto industry has long decried

Is Bitcoin the new safe haven during trade wars?

Bitcoin joins the safe-haven debate as trade tensions rise

For decades, investors fled to gold and US Treasurys during crises, but in today’s digital, decentralized world, Bitcoin is starting to enter the safe-haven conversation. Despite its volatility, Bitcoin (BTC) has shown signs of resilience during global turbulence, including trade wars, prompting a fresh look at its role in preserving value.

Let’s rewind a bit to understand where this question comes from.

For decades, whenever uncertainty rattled the global economy, be it war, inflation, or sudden political shifts, investors did what they always do — run to the safest hills. Historically, those hills were made of gold or filled with US Treasury bonds. But things are changing.

In a world that’s more digital, decentralized, and volatile than ever, people are asking whether Bitcoin might now be part of the conversation as a modern safe-haven asset, especially

Read More at https://cointelegraph.com/explained/is-bitcoin-the-new-safe-haven-during-trade-wars?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Can you really buy anything with Pi coin? Find out here!

Key takeaways

Pi coin finally went live on open mainnet in February 2025, unlocking real-world use cases after years in closed beta.

You can spend Pi coin, but mostly within P2P communities and KYC-verified Pi apps — mainstream adoption is still in its early stages.

Pi is now tradable on several CEXs, such as OKX, Bitget and MEXC, but Binance still hasn’t listed it despite 2 million+ user voters lobbying for the listing.

Merchant adoption is growing slowly, with real goods and services being exchanged for Pi in localized markets and app-based ecosystems.

Often described as a crypto for the people, Pi is a decentralized project that runs without the need for GPUs or gas fees. But five years since its closed mainnet launch in 2021, the million-dollar question still hangs in the air: Can you actually buy anything with Pi coin in 2025?

Let’s dive into the Pi Network’s real-world usability and answer what every

Crypto ‘uninvestable’ if exchanges ignore manipulation: DeFiance CEO

A crypto investment executive said the biggest problem with digital asset markets is price manipulation, claiming that collusion between market makers and exchanges distorts token prices.

Arthur Cheong, founder of crypto investment firm DeFiance Capital, said in an X post that market makers and crypto projects work together to create artificial prices that can be sustained for long periods. Cheong wrote:

“You don’t know whether the price is a result of organic demand & supply or simply due to projects and market makers colluding to fix the price to achieve other objectives.”

He added that if the industry’s players don’t step up and improve the situation, a big part of the crypto market will remain “uninvestable for the foreseeable future.”

Centralized exchanges turning a “blind eye”

Cheong said it was strange that centralized exchanges (CEXs) are “turning an absolute blind eye” to the issue. He described the altcoin market as

XRP price analysts project $10 next, ‘optimistic’ target of $20

XRP (XRP) price is up 15% over the past seven days from a low of $1.61. According to several technical analysts, a sustained recovery daily close above $2.20 will signal a strong trend reversal that could put double digits within reach.

XRP/USD daily chart. Source: Cointelegraph/TradingView

XRP price must reclaim $2.20

After the cryptocurrency market experienced a relief rally due to US President Donald Trump’s announcement of tariff exemptions for a range of tech products, traders are optimistic about the possibility of XRP price breaking into double digits.

Analyst DOM said XRP’s recent retest of the support at $1.96 saw it regain a key “value area” above $2.00, established in December 2024.

“$2.20 is now the only objective here,” the analyst said in an April 13 post on X, adding that a decisive

Only 11% of El Salvador’s registered Bitcoin firms operational

Only 20 of the 181 Bitcoin service providers registered with El Salvador’s central bank are operational, with the rest failing to meet the country’s requirements under its Bitcoin Law.

Local media outlet El Mundo cited data from the Central Reserve Bank of El Salvador, showing that 11% of the service providers are operational. According to the central bank’s database, the rest of the providers are classified as non-operational.

The data showed that at least 22 non-operational providers have failed to meet most of the country’s Bitcoin Law requirements, which mandate that providers implement stringent supervision of their financial systems.

Most of El Salvador’s Bitcoin service providers are non-operational

El Salvador’s Bitcoin Law requires providers to maintain an Anti-Money Laundering (AML) program, keep records that accurately reflect the company’s assets, liabilities and equity and have a tailored cybersecurity program depending on the nature of its

Bitcoin shows growing strength during market downturn — Wintermute

Bitcoin is showing growing resilience to macroeconomic headwinds compared with traditional financial markets, according to an April 14 report from crypto market maker Wintermute.

The report noted that Bitcoin (BTC) has held up relatively well during the ongoing market downturn, even as the S&P 500 and Nasdaq dropped to their lowest levels in a year and bond yields surged to highs that had not been seen since 2007.

“Bitcoin’s decline was comparatively modest, revisiting price levels from around the US election period,“ Wintermute wrote.

According to Wintermute, “This marks a notable shift from its historical behavior in crisis situations.” In the past, Bitcoin’s losses were considerably greater than those of traditional finance indexes. The shift highlights Bitcoin’s “apparent growing resilience amid macroeconomic turbulence.“

Founder of Obchakevich Research, Alex Obchakevich, told Cointelegraph that he expects this to be a temporary trend:

“As the trade war

Can 3-month Bitcoin RSI highs counter bearish BTC price 'seasonality?'

Bitcoin (BTC) demands a breakout as a key leading indicator reaches its highest levels since January.

Data from Cointelegraph Markets Pro and TradingView shows the relative strength index (RSI) hinting at more BTC price gains next.

Bitcoin RSI breakout has days to “full confirmation”

Bitcoin bull runs traditionally begin with telltale RSI signals, and on daily timeframes, conditions are ripe for a classic BTC price rebound.

As BTC/USD made lower lows over the past month, RSI began trending in the opposite direction, setting higher lows and attempting a type of bullish divergence.

More recently, the daily RSI broke above the 50 midpoint, only to successfully retest it as support from above before making new multimonth highs.

BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView

Among those monitoring the topic is popular

Binance, KuCoin, MEXC report service issues due to AWS network interruption

Binance, KuCoin, MEXC and other exchanges and wallet providers are experiencing service issues due to a significant network interruption by Amazon Web Services (AWS).

Centralized cryptocurrency exchanges (CEXs) have been hit by an AWS data center outage, which reported “connectivity issues” that affected at least 12 of its services on April 15.

AWS Service health. Source: Health.aws.amazon

“We are seeing initial signs of recovery but continue to monitor and work toward full recovery. Other AWS services are also impacted by this issue, and are also observing recovery. We will provide another update within the next 30-60 minutes,” according to an April 15 update from AWS.

Binance was among the first to report issues with its services.

“We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data