Crypto Chronicles:More Normal News

1-Coinbase warns of short-term weakness and anticipates a floor establishing no earlier than late Q2.

According to the experts at Coinbase, the short-term cryptocurrency market is exhibiting a more cautious position, and it is anticipated that the floor may not be seen until the latter half of the second quarter.

In a study paper that was produced in collaboration with the blockchain analytics company Glassnode, experts from Coinbase emphasized the fact that even though long-term Bitcoin investors are progressively acquiring more coins, the exchange still anticipates continuing decline before any possible comeback takes place.

The business claims that both Bitcoin and the COIN50 index, which monitors the performance of the fifty most valuable cryptocurrencies based on market capitalization, have just broken below their respective 200-day moving averages, which indicates that negative trends are developing between the two.

Coinbase made a prediction about the future and said that if the Federal Reserve were to stop its quantitative tightening, it would increase global liquidity and strengthen cryptocurrency markets. On the other hand, the experts noted that persisting concerns, particularly those concerning global trade and liquidity, would continue to have a negative impact on morale.

2-SUI stock rises 18%, aiming for $5 objective as Sui Network's TVL jumps 8% in only one day.

The price of Sui continues to rise, it has increased by 18% in the last twenty-four hours and is presently trading at $3.57.

The surge that occurred today is an extension of the rally that started on April 21. At that time, SUI began printing successive green daily candles from a starting price of $2.10, and it was accompanied by an increase in transaction volume. Around $2.80 was the point at which the price of SUI broke out of a bullish double bottom pattern and penetrated the neckline. This occurred on April 22. As of right moment, it has gained almost 67% since the beginning of the rise.

At the moment, the price is centered around important short-term and long-term moving averages, such as the 20 exponential moving average, the 50 simple moving average, the 100 simple moving average, and the 200 simple moving average.

With a bullish crossing on the MACD and a growing gap, momentum indicators provide support to the bullish thesis presented here. A probable short-term drop is indicated by the fact that the RSI is now in the overbought zone. On the other hand, volume is increasing in tandem with price, which indicates that there is strong buy-side confidence rather than weak momentum or a possible false breakout.

3-To trick cryptocurrency developers, Lazarus Group spies create U.S. shell corporations.

According to a story that was published by Reuters not so long ago, the United States-based cybersecurity firm Silent Push has discovered two shell businesses that may be linked back to the North Korean hacking organization. The two organizations, Blocknovas LLC and Softglide LLC, were allegedly established in New Mexico and New York, respectively, under fictitious personalities and addresses, according to the findings of the researchers.

After doing more research, Reuters discovered that the location that was posted for Blocknovas in Warrenville, South Carolina showed on Google Maps as a vacant lot without any buildings. At the same time, a modest tax office was located at the address of Softglide, which was located in Buffalo, New York. Furthermore, it was not possible to locate the many contact individuals who were mentioned under the businesses.

Kasey Best, who is the director of threat intelligence at Silent Push, described it as a "rare example of North Korean hackers actually managing to set up legal corporate entities in the United States." He described how the hackers working for the Lazarus Group would attempt to infect individuals by means of phony job applications with at least three strains of malware that have been connected to North Korean cyber activities.

The harmful cyber assaults would make use of bogus aliases in order to offer job interviews to potential web3 or cryptocurrency developers. This would provide the hackers the ability to implant sophisticated malware that is meant to corrupt the cryptocurrency wallets of developers.

According to Best, "They also target the passwords and credentials of the developers, which could be used to further attacks on legitimate businesses."

References

https://crypto.news/lazarus-group-spies-set-up-u-s-shell-companies-to-dupe-crypto-developers-report/

https://crypto.news/sui-price-rallies-18-eyeing-5-target-as-sui-networks-tvl-surges-8-in-just-one-day/

https://crypto.news/coinbase-sees-floor-forming-not-sooner-than-late-q2-warns-of-short-term-weakness/