Privacy group urges Ireland to drop work on encryption ‘backdoor law’
Privacy group urges Ireland to drop work on encryption ‘backdoor law’
The Irish Communications Interception and Lawful Access Bill is still in development, with drafting yet to occur, but the Global Encryption Coalition wants it scrapped now.
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- NEWSBTC
Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown
AB Token plunged nearly 99% in a matter of minutes on Binance Alpha, then staged a partial bounce that left traders shaken. According to market trackers, the token fell from about $0.0083 to $0.0000051 in roughly two minutes, wiping out almost all of its value at the low point. Related Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead Trade data shows a rebound afterward, with prices climbing back toward $0.00151, though that still left the token more than 80% lower for the day. Binance Token Sudden Crash Shows Market Fragility Based on reports, the bloodbath unfolded very quickly. Trading volume spiked as roughly 573,000 AB tokens changed hands during the volatility, which pushed the 24-hour volume past $5 million. Liquidity numbers were thin by comparison: the token’s liquidity pool was reported at about $2.17 million. That gap between volume and liquidity can make markets vulnerable when large orders hit. According to Binance market data, the Binance Alpha token AB plunged from $0.0083 to $0.0000051 within two minutes — a drop of about 99% — before rebounding to $0.00151, still down more than 80% on the day. pic.twitter.com/mH8Y98MzES — Wu Blockchain (@WuBlockchain) October 9, 2025 The Likely Culprit Observers pointed to concentrated ownership as a likely amplifier. Reports have disclosed that the top 10 wallets controlled more than 97% of the circulating supply, which is listed at about 81 billion AB tokens with a total supply around 98 billion. Where so much of a token sits in a few hands, a single large sell order can push the price through multiple levels with little resistance. On-chain reports showed two large sales around the event: one for 192 million AB and another for 500 million AB, moves that coincided with heavy downward pressure. Theories On What Triggered The Plunge Market watchers suggested a number of possible triggers. A big wallet dump, a market maker pulling liquidity, or algorithmic trading that amplified price swings were among the ideas floated. Because the token trades on several venues, including Bitget and Gate, contagion between platforms can happen fast. No official explanation has been released by Binance or the AB project team, and that lack of comment has left traders relying on public trades and exchange charts to piece the timeline together. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout On Recovery & Damage The price later retraced some losses, and some reports said it nearly reached prior levels at times. However, that bounce did not erase the hit to confidence. Many retail traders who were hit by the flash crash reported losses, and sentiment turned strongly negative in the short term. Featured image from Pixabay, chart from TradingView
Crypto Could Tip The Scales — 64% Of Voters Say It Guides Their Vote
According to a new poll released this week, 64% of voters said a candidate’s stance on cryptocurrency is a “very important” factor when choosing who to support. Related Reading: Bitcoin Is The Standard Now: Outperform It, Or Get Left Behind – CEO The survey, conducted by McLaughlin & Associates for The Digital Chamber, reached 800 […]
Ethereum Foundation Expands Privacy Commitments Across Blockchain Ecosystem
The Ethereum Foundation has announced an expanded privacy initiative aimed at making user protection, institutional compliance, and cryptographic innovation central to the Ethereum ecosystem. Building Trust Through Privacy The Ethereum Foundation (EF) reaffirmed that privacy is essential to maintaining digital trust at scale, describing it as “the freedom to choose what you share, when you […]
- NEWSBTC
Dogecoin (DOGE) Tries To Bounce – But Resistance Barrier Keeps Rally In Check
Dogecoin started a fresh decline below the $0.2550 zone against the US Dollar. DOGE is now correcting some losses and might face hurdles near $0.2550. DOGE price started a fresh decline below the $0.250 level. The price is trading below the $0.2540 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2540 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.2550 and $0.260. Dogecoin Price Attempts Recovery Dogecoin price started a fresh decline after it closed below $0.260, like Bitcoin and Ethereum. DOGE declined below the $0.2550 and $0.2540 support levels. The price even traded below $0.2420. A low was formed near $0.2413, and the price recently attempted a recovery wave. There was a move above the 50% Fib retracement level of the downward move from the $0.2609 swing high to the $0.213 low. However, the bears were active near the $0.2550 resistance and the Fib retracement level of the downward move from the $0.2609 swing high to the $0.213 low. Besides, there is a bearish trend line forming with resistance at $0.2540 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.2550 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.2540 level. The first major resistance for the bulls could be near the $0.2550 level. The next major resistance is near the $0.260 level. A close above the $0.260 resistance might send the price toward the $0.2780 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.2920. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2540 level, it could continue to move down. Initial support on the downside is near the $0.2475 level. The next major support is near the $0.240 level. The main support sits at $0.2320. If there is a downside break below the $0.2320 support, the price could decline further. In the stated case, the price might slide toward the $0.2120 level or even $0.2050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2475 and $0.2400. Major Resistance Levels – $0.2540 and $0.2600.
- NEWSBTC
Bitcoin’s Rally Still Looks Intact, CryptoQuant Says: Here’s Why
On-chain analytics firm CryptoQuant has explained how there aren’t any signs of a Bitcoin price peak yet, based on this indicator. Bitcoin Net Realized Profit/Loss Is Still At Moderate Levels In a new post on X, CryptoQuant has shared the latest trend in the Bitcoin Net Realized Profit/Loss. This indicator tells us about whether the Bitcoin investors are selling their coins at a net profit or loss. The metric works by going through the transaction history of each token being spent to see what price it was moved at before this. If this previous selling price for any coin was less than the spot price it’s now being transacted at, then the token’s sale is assumed to be leading to the realization of some net profit. Related Reading: XRP Could Retest Triangle Support At $2.72, Analyst Warns The degree of profit realized is naturally equal to the difference between the two prices. In tokens of the opposite case (that is, the last price is higher than the latest spot BTC value), the sale realizes a loss instead. In the context of the current discussion, the version of the Net Realized/Profit Loss that’s of interest is specifically the 1-year sum, denominated in BTC. Below is the chart for the metric that shows how its value has fluctuated over the past few years. From the graph, it’s visible that the Bitcoin Net Realized Profit/Loss witnessed an uptrend in 2024 and reached a high of 5.1 million BTC in January 2025. This suggests that the market took part in a significant amount of profit-taking that year. After the January peak, however, the metric reversed course and started going down instead. This decline in profit realization was a result of the bearish price action that the cryptocurrency faced in the first few months of the year. After bullish winds returned for the cryptocurrency, though, the Net Realized Profit/Loss once again began to move up. This upward trajectory has naturally continued alongside BTC’s latest rally to a new all-time high (ATH) and the indicator has reached the 4.4 million BTC mark. Though this value is significant, it’s clearly lower than the January 2025 top. This earlier peak itself was still lower than the 7.7 million October 2021 high from the previous cycle. Related Reading: Bitcoin & Altcoin OI Forming Same Warning Setup As Dec 2024, Analyst Says “Bitcoin’s rally still looks intact,” notes CryptoQuant based on the trend. “No signs yet of a price peak.” It now remains to be seen how BTC’s price action will look in the near future and whether the Net Realized Profit/Loss will observe any shift. BTC Price Bitcoin has been down since setting its ATH above $126,000, as its price currently floats around $122,700. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Solana Treasury Helius Targets 5% Of SOL, Eyes Hong Kong Listing
Helius is looking to expand its Solana treasury to at least 5% of the cryptocurrency’s supply and considering a second listing in Hong Kong. Solana Digital Asset Treasury Firm Helius Aiming For At Least 5% Of SOL As reported by Wu Blockchain, NASDAQ-listed Helius Medical Technologies is planning on acquiring at least 5% of the […]