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Coinbase Rep Scam: Brooklyn DA Charges Man In $16M Fraud Case – Details

A Brooklyn man, Ronald Spektor, has been indicted for allegedly orchestrating a $16 million phishing scam by posing as a Coinbase representative. From April 2023 to December 2024, he contacted users, falsely claiming their assets were at risk, and directed them to transfer funds to a wallet he controlled. Approximately 100 victims were identified across the U.S., with individual losses reaching up to $1 million. Spektor laundered the stolen crypto through mixers and gambling sites. He faces 31 counts, including grand larceny and money laundering, and is being held on $2.5 million bail. Authorities have seized $505,000 in assets so far. Coinbase collaborated in the investigation, aiding in identifying the perpetrator and assisting law enforcement. The Brooklyn DA emphasized a continued commitment to combating cryptocurrency fraud.

bitcoinist12/21 17:03

‘Too chaotic to predict’ – Can Bitcoin really survive 2026 volatility?

There is no consensus among analysts regarding Bitcoin's price outlook for 2026. Fundstrat warned of potential short-term downside toward $60K–$65K due to ETF inflow exhaustion and miner selling, contradicting their own head of research’s $200K prediction. Galaxy’s Alex Thorn described 2026 as “too chaotic to predict,” citing high uncertainty around elections, though he remained confident in a $250K target by 2027. In contrast, Bitwise and Grayscale projected new all-time highs in the first half of 2026. Near-term, Bitcoin is expected to remain range-bound between $85K–$90K until December 26, when $23 billion in options expire—a event that could trigger significant volatility. Recent ETF outflows of $500 million and tepid demand since October may further suppress prices.

ambcrypto12/21 17:01

Bitcoin traders split between $70K crash and BTC price rebound within days

Bitcoin (BTC) is trading around $88,000 as the market anticipates increased volatility. Traders are divided on short-term price direction, with some predicting a rebound toward $98,000–$100,000 or even new all-time highs up to $150,000. Others warn of a potential drop to the $70,000–$72,000 support zone due to bearish technical signals and large BTC inflows into Binance. Analysts highlight key indicators like RSI divergences and moving average crossovers as critical factors influencing Bitcoin’s next major move.

cointelegraph12/21 16:14

Lighter Shifts 25% of LIT Supply as Traders Anticipate Possible Airdrop

Lighter, a decentralized perpetual exchange on Solana, transferred 250 million LIT tokens (25% of total supply), sparking speculation of a potential airdrop to users ahead of the token generation event by December 31. Analysts estimate the airdrop could distribute roughly 20.8 tokens per point based on the platform’s 12 million points awarded during two trading seasons. Market projections value each point between $58 and $104. A network upgrade is scheduled for December 21, with Polymarket bets leaning toward a December 29 airdrop. Trading volume has grown significantly throughout 2025, with daily peaks reaching $18–20 billion. The move has generated both excitement and caution within the community.

TheNewsCrypto12/21 16:11

$1.5B flows into tokenized gold – Are investors abandoning Bitcoin?

Investors are shifting towards tokenized gold, with its supply reaching $1.5 billion, signaling a flight to safety amid market uncertainty. While gold prices surge, Bitcoin lags behind, raising questions about whether capital is temporarily favoring safer assets or exiting crypto. Tokenized gold offers advantages like easier access and 24/7 trading. Analysts note that Bitcoin's current underperformance may be relative rather than absolute, with historical patterns suggesting potential rebounds. The debate continues between gold's traditional safety and Bitcoin's long-term store-of-value proposition, hinging on how investors perceive safety in a digital economy.

ambcrypto12/21 15:02

Crypto User Loses $50M USDT In Address Poisoning Attack – Details

A crypto user lost $50 million USDT in an address poisoning attack, marking one of the largest individual on-chain losses in 2025. The scam involved the attacker sending a small "dust" transaction from a wallet address that closely resembled the victim's, tricking them into copying the fraudulent address from their transaction history. Despite sending a test transaction to the correct address, the victim later mistakenly sent the full amount to the poisoned address, which shared the same first and last few characters as the legitimate one. The stolen funds were quickly converted to ETH and distributed across multiple wallets, with some routed through Tornado Cash. The victim has since filed a criminal complaint and is monitoring all addresses involved. They have also sent an on-chain message offering the attackers a deal: return 98% of the funds within 48 hours and keep $1 million as a "bug bounty." If the offer is refused, the victim will escalate the matter to international law enforcement and pursue legal action.

bitcoinist12/21 15:01

Chainlink holds $12.5 amid fear – Can LINK avoid a deeper slide?

Amidst a fearful crypto market, Chainlink (LINK) consolidated near the $12.5 support level. Despite muted price action and bearish momentum signals like a MACD death cross, underlying on-chain data showed strength. The Total Value Secured (TVS) grew to $46.03B, and significant whale withdrawals from exchanges, reminiscent of past accumulation phases, suggested strategic positioning rather than panic selling. The $12-$12.5 zone is critical; holding it could mean the consolidation is a staging ground for future moves, while a break below risks a slide toward $9-$10. Major upside resistance remains at $27.

ambcrypto12/21 14:02

Canton Network explodes 36% after DTCC green light: Is a new trend born?

ambcrypto12/21 13:02

Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions

The Blockchain Association, along with over 125 crypto and fintech groups, is urging Senate Banking leaders to oppose efforts to expand a ban on stablecoin yields beyond what is explicitly stated in the GENIUS Act. The law prohibits stablecoin issuers from paying yields directly to holders but allows third-party platforms to offer rewards. The association argues that broadening the ban would harm competition and innovation, favoring larger financial firms. In contrast, banking groups, led by the American Bankers Association, are pushing for the ban to extend to partners and affiliates, warning that stablecoin rewards could circumvent the law and drain trillions from traditional bank deposits. The debate centers on consumer protection, financial stability, and the future competitive landscape of digital payments. Senate Banking staff are reviewing both sides as they consider potential legislative clarifications.

bitcoinist12/21 13:01

Klarna partners with Coinbase to accept stablecoin funding from institutions

Klarna, a Swedish fintech company, has partnered with Coinbase to enable institutional funding through USDC stablecoins. This new initiative allows Klarna to raise short-term capital from a new class of institutional investors using Coinbase's crypto services, complementing its traditional funding sources like deposits and commercial paper. The company's CFO highlighted the potential for diversification. This institutional effort is separate from Klarna's future consumer-facing crypto plans, which may include wallets and are targeted for 2026. Klarna also recently launched its own dollar-pegged stablecoin, KlarnaUSD, on the Tempo testnet, with a mainnet launch planned for 2026.

cointelegraph12/21 12:30