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  • Celestia price outlook: Here’s why TIA risks further losses

    Celestia price outlook: Here’s why TIA risks further losses

    Celestia Price Bearish

    • Celestia (TIA) trades at $1.81, down 13% in the past week.
    • The altcoin is paring gains seen following a bounce from lows of $1.32.
    • Celestia Foundation has announced it bought all remaining TIA from Polychain Capital.

    Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024.

    As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could Celestia Foundation’s latest move catalyze a fresh recovery?

    Celestia Foundation buys back TIA from Polychain Capital

    As TIA price fell over the past year, most analysts pointed the finger towards the aggressive dumping by Polychain Capital.

    Celestia moved from being one of the most attractive coins at its mainnet launch, to lagging the market. Underperformance in the past year has pushed it further off its peak.

    An analyst on X called it one of the “most predatory VC tokens out there.”

    The Celestia Foundation has moved to flip the picture, announcing it acquired Polychain Capital’s remaining TIA holdings. It is a move that concludes a long-standing partnership with the VC that acquired coins under or at $1.

    Now after dumping tokens, Polychain has agreed to sell its 43,451,616.09 TIA tokens back to the Celestia Foundation for $62.5 million. Polychain is set to undelegate its staked assets to facilitate the deal.

    Why is TIA largely bearish?

    Despite the Celestia Foundation’s move, TIA’s price trajectory remains largely bearish.

    Token unlocks, which will gradually release the redistributed tokens into circulation, remains. This controlled release has the design of a strategy eyeing no sudden supply surge. New investors receiving the coins must therefore not adopt a sell-off strategy similar to Polychain Capital’s earlier actions.

    Otherwise, with a potentially aggressive divestment feature and rewards loophole, bears may yet take further hold.

    Recently, commenting on TIA price, crypto analyst zeroknowledge posted on X:

    “The structural selling pressure is not a side effect, it’s literally the primary feature of the tokenomics design.”

    Explaining further, the analyst added:

    “The most damning example is Polychain Capital, which invested approximately $20 million across Series A and B rounds. Through the staking rewards loophole (see screenshot below), Polychain already sold over $82 million worth of TIA (achieving a 4x return on investment) before a single one of their primary tokens has unlocked.”

    Is this changing? Market participants have pointed to Celestia restructuring its tokenomics and governance model.

    As Chaos Labs notes in the above post, Celestia will not just reallocate the Polychain stash, but has a proposal to cut inflation rate. But will this stem the selling?

    Celestia price technical outlook

    The token traded around $1.81 at the time of writing, with open interest down to $197 million.

    Technical indicators -the RSI and MACD on the daily chart give sellers the upper hand. Notably, the RSI is downsloping below 50 while the MACD is signaling a bearish crossover.
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  • Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    Crypto ATM scams in Australia cause over AUD 3.1 million in losses

    • Over 150 unique scam reports filed with ReportCyber during the period.
    • Average loss per victim exceeded AUD 20,000.
    • Crypto ATMs in Australia surged from 40 in 2022 to over 1,800 by 2025.

    Australia is facing a fresh wave of crypto-related scams, this time involving the rapid expansion of cryptocurrency ATMs across the country.

    New data from ReportCyber shows that Australians lost over AUD 3.1 million to scams involving crypto ATMs between January 2024 and January 2025.

    The Australian Federal Police (AFP) has now issued a warning, urging greater public awareness as these frauds increasingly target vulnerable demographics, particularly those aged over 50.

    With more than 1,600 crypto ATMs now operating in the country—up from just 23 in 2019—the risk of exploitation is growing in parallel with accessibility.

    Over 150 reports filed, average loss tops AUD 20,000

    Between January 1, 2024, and January 1, 2025, Australia’s national cybercrime reporting platform, ReportCyber, received 150 reports specifically related to crypto ATM scams. This equates to roughly one report every two and a half days.

    The total estimated losses stood at AUD 3,107,600, with an average loss of more than AUD 20,000 per incident, according to the AFP.

    Authorities suggest that these numbers may only represent a fraction of the real impact. Many victims do not report their cases due to embarrassment, unawareness, or difficulty navigating the reporting process.

    AUSTRAC, the national financial intelligence agency, revealed that around AUD 275 million flows through cryptocurrency ATMs annually in Australia.

    A significant portion of that volume is linked to fraudulent activity, although the exact figure remains unquantified.

    Lack of regulation, rising usage worsen risk

    Crypto ATMs, often situated in easily accessible places such as convenience stores or next to children’s vending machines, offer convenience at the cost of security.

    Bitcoin’s irreversible nature and the low identification requirements of many machines make them ideal tools for scammers.

    Unlike traditional bank transactions, once crypto is sent via an ATM, there is virtually no way to recover the funds.

    The problem is not isolated to Australia. In the US, the Michigan Attorney General’s Consumer Protection Division has raised similar alarms about Bitcoin ATM scams targeting older adults.

    In Canada, authorities have previously flagged these machines as potential conduits for money laundering. The UK prosecuted an individual last year for operating an illegal Bitcoin ATM.

    Despite global efforts to crack down on misuse, regulations governing these machines remain patchy.

    Without mandatory Know-Your-Customer (KYC) procedures, scammers can exploit the anonymity and speed of crypto transfers to move illicit funds quickly and invisibly.

    Scammers prey on urgency, fake officials, and emotional manipulation

    Crypto ATM scams often follow well-established social engineering techniques.

    The AFP highlights that scammers typically contact victims posing as government officials, bank staff, or tech support agents.

    Some victims are lured through romance scams, investment promises, or job offers, often involving intense emotional manipulation and pressure to act urgently.

    The victim is then instructed to withdraw cash and deposit it into a crypto ATM, often while on a live call with the scammer.

    Fraudsters sometimes claim the transaction is necessary to “secure accounts” or prevent legal action.

    These tactics exploit both digital illiteracy and psychological vulnerability, especially among seniors.

    To combat these scams, the AFP and AUSTRAC recommend heightened public awareness and better education about cryptocurrency basics.

    As Bitcoin’s value continues to rise and ATM numbers grow, experts warn that the issue could worsen without coordinated regulatory intervention.
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  • Crypto market decline accelerates in Q1 with $633.5B in losses

    Crypto market decline accelerates in Q1 with $633.5B in losses

    • Bitcoin’s market share rose to 59.1% despite falling 11.8%.
    • Ethereum’s 2024 gains wiped out in Q1 2025.
    • DeFi TVL fell 27.5% across multichain platforms.

    The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a strong rally across meme coins.

    But those hopes have since been dashed. According to CoinGecko’s latest quarterly report, crypto’s total market capitalisation fell 18.6% in Q1 2025, wiping out $633.5 billion in value.

    Trading volumes also took a hit. The report shows that average daily trading volume fell 27.3% compared to the previous quarter. Spot trading on centralised exchanges declined 16.3%, a drop that was partly attributed to the Bybit hack earlier this year.

    Despite signs of strength in early January, recession concerns and fragmented investor interest led to a broad sell-off across digital assets.

    Bitcoin outperforms altcoins but still falls 11.8%

    Bitcoin retained its dominance over the broader market in Q1, accounting for 59.1% of the total crypto market cap — its highest level since 2021.

    This shift highlights how investors have treated Bitcoin as a relatively more stable asset compared to altcoins during uncertain periods.

    However, Bitcoin itself was not immune to losses. It declined 11.8% during the quarter and underperformed traditional safe havens like gold and US Treasury bonds.

    The report also noted that Trump’s newly imposed tariffs triggered volatility in the bond market, impacting yields — a key metric closely linked to digital asset flows.

    Ethereum saw an even sharper reversal. It gave up all of its 2024 gains, returning to levels last seen before its Shanghai upgrade. The report attributed this trend to declining decentralised finance (DeFi) activity and persistent concerns around gas fees and scalability.

    DeFi TVL and Solana activity decline sharply

    Multichain DeFi protocols suffered significantly, with total value locked (TVL) falling 27.5% over the three-month period.

    Solana, which led the decentralised exchange (DEX) trading space during the meme coin frenzy in January, saw its own TVL drop by more than 20%.

    CoinGecko’s data indicates that market excitement around Trump-themed tokens, particularly the TRUMP coin on Solana, sparked a temporary spike in transaction volumes. However, this activity failed to sustain investor interest beyond January.

    The LIBRA scandal, which emerged shortly after, added further pressure on altcoin sentiment and liquidity.

    Despite these setbacks, Bitcoin exchange-traded funds (ETFs) recorded $1 billion in fresh inflows in Q1.

    But the total assets under management (AUM) across these ETFs still fell by nearly $9 billion due to declining prices, highlighting the gap between investment inflows and market returns.

    Structural concerns deepen

    While some data points suggested limited resilience, nearly every positive trend in the report was accompanied by a downside risk.

    The report shows that centralised exchanges, stablecoin volumes, and DeFi applications all registered lower activity in February and March. Many projects lost traction as macroeconomic concerns mounted and investor caution grew.

    CoinGecko noted that the first quarter of 2025 represents one of the most challenging periods for crypto since the FTX collapse in late 2022.

    The report reflects broader market concerns that the crypto sector, despite structural improvements in infrastructure and compliance, remains deeply vulnerable to global economic shocks.

    As recession fears take hold and regulatory uncertainties continue to loom in major markets, the path forward for crypto in the coming months remains highly uncertain.

    Although Bitcoin’s rising market share signals a flight to perceived safety, the broader market may need more than optimism and meme coin rallies to recover from this quarter’s losses.

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  • Will traders suffer more losses

    Will traders suffer more losses

    Key takeaways

    • Bitcoin dropped below the $26k level on Thursday, with traders losing nearly $1 billion in the process.

    • Chancer’s stage two presale is now closing in on the $1.5 million mark.

    The cryptocurrency market has been extremely bearish since the start of the week. The prices of most cryptocurrencies are down by more than 5% over the last seven days.

    Despite the bearish sentiment, Chancer’s presale is set to hit another benchmark as stage two is approaching the $1.5 million mark.

    Bitcoin drops to the $25k zone

    Bitcoin, the world’s leading cryptocurrency by market cap, has been extremely bearish over the past 24 hours. BTC lost nearly 10% of its value and dropped to the $25,300 level late on Thursday.

    The bearish trend saw long traders lose nearly $1 billion. However, the market is starting to recover, with Bitcoin and others setting new support levels. At press time, the price of Bitcoin stands at $26,543. 

    What does this mean for Chancer?

    The bearish performance could see some investors take advantage of the discount price to invest in more cryptocurrency projects. Investors could be looking to purchase more bitcoins and other cryptocurrencies ahead of a likely bullish cycle.

    As more investors look for projects to invest in, Chancer could be one of the projects they might consider. 

    Chancer is one of the exciting and new projects currently in the cryptocurrency space. With stage two presale set to hit an important milestone, it is clear Chancer is gathering momentum amongst retail investors. 

    The Chancer team is currently developing a unique Web3 peer-to-peer (P2P) custom betting platform that would make it possible for users to live-stream betting events. 

    Chancer wants to decentralise the betting industry and is leveraging blockchain technology to achieve its objectives. 

    With Chancer, there are no restrictions to betting opportunities for users. This implies that users can bet on a wide range of events, beyond traditional sports and casino bets. 

    The Chancer presale is in its second stage and has raised nearly $1.5 million of the $2 million required. In the second presale, CHANCER is selling for $0.011 USDT but will be increased to $0.012 in the third stage. 

    Funds raised from the multiple presale events will be geared towards building Chancer’s decentralised P2P betting platform. 

    The developers will use the funds raised from the various funding rounds to build a P2P betting platform. 

    According to their whitepaper, Chancer users will have access to a wide range of features, including, betting markets in real-time and based on user interests, social media connections, and expertise. 

    Furthermore, with Chancer, users will no longer have to deal with the problems associated with using bookmakers when betting as they would be allowed to set up their custom P2P betting markets. 

    An important feature of Chancer is that users can bet on various activities. Users can bet on important sporting or political events or trivial ones like the first to complete a task amongst friends. 

    CHANCER to go for $0.012 in the third presale stage

    Chancer’s second presale stage will be completed soon and the team will move to the next phase. In this current stage, the CHANCER token is going for $0.011 USDT

    However, the team will increase the token price to $0.012 in the third presale round. Funds generated from the presale will be used to develop Chancer’s suite of products. There would be 12 presale events, with an accumulated target of $15 million. 

    The CHANCER token will power numerous activities within the ecosystem. Token holders can create and invest in markets within the Chancer ecosystem. Furthermore, token holders can also create, participate in, and profit from their very own predictive markets. 

    The CHANCER token can be purchased using numerous wallets, including, Trust Wallet, MetaMask, Coinbase Wallet, and Rainbow. 

    Visit the Chancer website to get more information about the presale. 

    Should you invest in Chancer now?

    The recent bearish trend in the market could see more investors troop into the market as they look for buying opportunities. 

    Investors could be looking to invest in projects in their early stages and Chancer could be one of the projects to consider due to its unique native. 

    By decentralising the betting ecosystem, Chancer could gain massive adoption within the Web3 space and beyond. The adoption of the Chancer platform could result in a rally by its native CHANCER token. 

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  • 73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022

    73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022

    Key Takeaways

    • Cryptocurrency industry was valued close to $3 trillion entering 2022, now it is $800 billion 
    • There are 73% less Bitcoin millionaires after 2022
    • Bitcoin has pulled back 75% from its all-time high fo close to $69,000
    • 25% of the bitcoin supply was in a loss entering the year, now it is over 50%
    • Number of investors holding greater than 1 BTC jumped 20% as the hurdle became much more attainable

        

    Once upon a time, the cryptocurrency market was valued at $3 trillion. To be precise, this was in November 2021, when Bitcoin traded at its all-time high of close to $69,000.

    But then along came 2022. Inflation sparked as a result of the COVID money printing, war in Ukraine and supply chain issues, meaning central banks worldwide were forced to hike rates to curtail a spiralling cost-of-living crisis.

    With the cheap liquidity pulled out from under markets, Bitcoin – and crypto as a whole – felt the pinch. We have seen top 10 cryptocurrencies collapse, one of the top exchanges revealed to be a house of cards and numerous other bankruptcies and scandals. 

    The loss has been greater than $2 trillion, with Bitcoin shedding three-quarters of its value as at the time of writing, trading at $16,800.

    Bitcoin millionaires

    Looking at on-chain data from bitinfocharts.com, Bitcoin millionaires have dropped like flies. Entering 2022, there were 90,000 addresses containing over a million dollars worth of Bitcoin. Today, it is 24,000 – that amounts to a fall of 73%.

    “The on-chain data sums up what is glaringly obvious from looking at a Bitcoin price chart – that the party is over and investors are no longer dreaming of retirement off their Bitcoin holdings, in the near future at least! Nearly three-quarters of Bitcoin millionaires losing that status is perhaps the best piece of data of all to summarise how ugly 2022 was for investors” said Max Coupland, Director at CoinJournal. 

    Percent in supply in loss doubles in 2022

    Bitcoin’s returns before 2022 were astonishing. As a result, the bulk of the supply was in profit, with only 25% of the supply loss-making entering the year. By year-end, this had doubled to over 50% – another stunning statistic when considering that Bitcoin was the best-performing asset class in the world over the prior decade. 

    Addresses holding greater than 1 BTC

    On the flipside, with Bitcoin being so cheap compared to last year, the number of addresses containing one Bitcoin or greater – “whole coiners”, as they are known – is at all-time high, even if the dollar value contained in those addresses is way down. 

    Entering 2022, there were over 814,000 addresses holding more than 1 BTC. By the end of the year, this number was over 978,000 – that is a rise of 20%.

    As can be seen when zooming in on 2022 on the below chart, there were significant jumps when Bitcoin plunged off the back of the three major scandals of 2022 – Luna’s death spiral, Celsius’ insolvency and the revelations of fraud at FTX. 

    Dropping sentiment matching falling prices

    Perhaps the biggest problem emerging from 2022 is related to these scandals. The reputation of crypto has taken a hammer blow, most notably with the shocking downfall of FTX and disgraced former CEO Sam Bankman-Fried. 

    According to a CNBC survey as of November 2022, only 8% of Americans now have a positive view of cryptocurrency. 

    Crypto investors have seen similar percentage declines before, of course, only for the market to bounce back. But this time, crypto is fighting against a pullback in the wider economy for the first time in its history. 

    Until now, it had been zero (or negative) interest rates and a warm money printer. Now, we have transitioned to a new environment, and crypto investors are feeling the pain. They will hope that 2023 can bring a return to prominence and start mending the reputation of the wounded asset class. 

    If you use our data, then we would appreciate a link back to https://coinjournal.net. Crediting our work with a link helps us to keep providing you with data analysis research. 

    Research Methodology

    Address data taken from on-chain. Price data from Yahoo Finance. 

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  • One of the original Bitcoin core developers losses all his BTC in hack

    One of the original Bitcoin core developers losses all his BTC in hack

    • Bitcoin OG and core developer, Dashjr, claimed virtually all his bitcoins were stolen.
    • The hackers accessed the developer’s PGP key.
    • On November 17, 2022, Dashjr, noted his server had been compromised.

    A Bitcoin OG and one of the original Bitcoin’s core developers, Luke Dashjr, has claimed that he virtually lost all his bitcoins after his Pretty Good Privacy (PGP) keys were compromised on December 31, 2022, just before the new year.

    PGP key is a common security method that uses two keys to gain access to encrypted information.

    In a post on Twitter on January 1, 2023, Dashjr was asking for help from the PSA:

    “PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please.”

    In a follow-up tweet, Dashjr appeared distressed asking why he could not reach anyone from the FBI or IC3 before following it up with a tweet containing a wallet address, which is believed to be one of the Bitcoin wallets where some of the stolen BTC was sent to.

    “What the heck @FBI @ic3  why can’t I reach anyone???

    Although Dashjr did not disclose how many bitcoins were stolen from his wallet, the wallet address that he shared showed four bitcoin transactions on December 31 that totalled to 216.93 BTC.

    Dashjr server compromised in November 2022

    Although the developer said that he had no idea as to how hackers gained access to his PGP key, some community members have drawn a possible connection to an earlier claim that Dashjr had made on November 17, 2022, that his server had been compromised by ““new malware/backdoors on the system.”

    Unfortunately, Dashjr, says that he learnt of the hack after getting emails from Kraken and Coinbase about login attempts.

    The hack also caught the attention of Binance CEO Changpeng Zhao (CZ) who consoled the developer on Twitter saying:

    “Sorry to see you lose so much. Informed our security team to monitor. If it comes our way, we will freeze it. If there is anything else we can help with, please let us know. We deal with these often, and have Law Enforcement (LE) relationships worldwide.”

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  • Bitcoin could slip below $16k as market losses nearly $40 billion

    Bitcoin could slip below $16k as market losses nearly $40 billion

    The cryptocurrency market has started the week in a negative manner, with prices of most coins down by more than 4% in the last 24 hours.

    Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. The price of Bitcoin is down by more than 3% in the last 24 hours and is now trading at around $16,071 per coin.

    The poor performance could see Bitcoin drop into the $15k region over the next few hours. There is no major catalyst behind Bitcoin’s poor performance as it coincides with that of the broader crypto market.

    The total crypto market cap has dropped below the $800 billion mark for the first time in months, after losing 4% of its value in the last 24 hours.

    Ether, the second-largest cryptocurrency by market cap, has lost 7% of its value today. The price of Ethereum is now trading at around $1,110 per coin.

    Key levels to watch

    The BTC/USD 4-hour chart is bearish as Bitcoin has been underperforming over the last 24 hours. The technical indicators show that the bears are in control.

    The MACD line has dropped into the negative zone, due to Bitcoin losing 3% of its value in the last 24 hours. The 14-day relative strength index of 32 also shows that Bitcoin could enter the oversold region soon if the bearish trend continues.

    If the bears remain in charge, Bitcoin could fall below the first major support level at $15,813 before the end of the day. In the event of an extended bearish performance, BTC could dip toward the $15,500 support level.

    However, the bulls could make a comeback and push Bitcoin toward the $16,535 resistance level over the next few hours. Unless there is a massive bullish run, BTC will find it hard to move past the $17k resistance level in the near term. 

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