<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85MjNlM2NiZDU4OGUyZjFhZWI4YTM5MzI3ZWJhNjc5Ny5qcGc=.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85MjNlM2NiZDU4OGUyZjFhZWI4YTM5MzI3ZWJhNjc5Ny5qcGc=.jpg" alt="Google subpoena scam: What it looks like and how to avoid it"><div data-ct-widget="explained-block" id="explained-block-189220-5"> <h2 data-ct-widget="explained-block-title"> What is a Google subpoena scam? </h2> The Google subpoena scam is a type of phishing attack where fraudsters impersonate Google to create a false sense of urgency and fear.&nbsp;Typically, you will receive an email that appears to come from no-reply@google.com, claiming to inform you of a subpoena, a formal legal request. The email will often have a subject line like &ldquo;Security Alert&rdquo; or &ldquo;Notice of Subpoena,&rdquo; making it seem urgent and legitimate. These scammers prey on your natural concern about legal matters and data privacy, hoping to trigger a reaction.Inside the email, the <a href="https://cointelegraph.com/news/latest-crypto-phishing-scam-fake-subpoena-alert-from-google">scammers falsely claim</a> that Google has been served with a subpoena requiring the company to turn over your account data, such as emails, documents or search history. The email will then urge you to click on a link to view your &ldquo;case materials.&rdquo; This link typically leads to a fraudulent website, often hosted on Google Sites, which is designed to look like a genuine Google support page. This added layer of legitimacy can easily trick users into believing the request is real.<img alt="The fake subpoena appears to be from a Google no-reply domain" src="https://s3.cointelegraph.com/storage/uploads/view/3fd1c1c31a5eb5ecf67dd059504370ae.jpg" title="The fake subpoena appears to be from a Google no-reply domain">The most concerning part of this scam is that attackers are skilled at <a href="https://cointelegraph.com/news/coinbase-gemini-wallet-phishing-scam-targeting-crypto-users">spoofing</a> Google&rsquo;s email addresses and mimicking the company&rsquo;s official content. By doing so, they can bypass common security checks, such as DomainKeys Identified Mail (DKIM), which normally verifies the authenticity of an email. With this approach, the scam appears convincingly legitimate, making it easy for unsuspecting users to act impulsively &mdash; potentially exposing sensitive data or inadvertently installing malware.Did you know? DomainKeys Identified Mail (DKIM) is an email security standard that verifies whether a message really comes from the domain it claims to be from. It uses cryptographic signatures to protect against email spoofing and phishing attacks &mdash; making your inbox just a little safer every day. <div data-ct-widget="explained-block" id="explained-block-189220-4"> <h2 data-ct-widget="explained-block-title"> How the Google subpoena scam works </h2> Software firm EasyDMARC <a href="https://easydmarc.com/blog/google-spoofed-via-dkim-replay-attack-a-technical-breakdown/" rel="noopener noreferrer nofollow" target="_blank">explained</a> that attackers exploited legitimate Google services to bypass traditional spam filters. They used &ldquo;OAuth&rdquo; applications combined with DKIM workarounds to create emails that could fool even careful users.A DKIM replay attack exploits the way email authentication works, specifically using DomainKeys Identified Mail, which adds a digital signature to an email to verify its authenticity.Steps of the attack:<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeXkCPpt9y4tji7CB5xfuL22FhdIDMnWeYdFSGjR5qhnnEeXRcqxhb7v_rw7NzwosNWHXGqETjnHPMc4SixS9Jg3t4B2lhBHZGQozvwACTjRdX9EVNu7IsUKInCpO6FZkFf8cIi6A?key=kkVdT3yJzmrySI-V2NAM8pGs" alt="Google subpoena scam: What it looks like and how to avoid it"><ol><li>Attacker receives a legitimate Google email: The attacker intercepts a legitimate email from Google that has a valid DKIM signature, which proves it came from Google.</li><li>Preparing the replay: The attacker saves this email, keeping the DKIM signature intact, and replays it. Since DKIM checks only the email headers and body (if unchanged), the attacker can forward the exact email with its signature intact without modification.</li><li>Sending the spoofed email: The attacker then sends this saved email from a different account (e.g., Outlook), making it look like it&rsquo;s from the original sender (Google).</li><li>Relaying through other servers: The email goes through multiple servers, each adding their own DKIM signature, but the original Google DKIM signature remains untouched and valid.</li><li>Final delivery: The email reaches the victim&rsquo;s inbox, appearing legitimate. Despite being relayed through several servers, the email passes SPF, DKIM and DMARC checks, which makes it look like a valid Google email.</li></ol>The result: The victim is tricked into thinking it&rsquo;s a legitimate message, potentially leading to harmful actions like clicking malicious links or providing sensitive information. This type of attack plays on the trust people place in email authentication methods and shows how attackers can exploit them.Here&rsquo;s how fake Google emails and DKIM replay attacks trick you:<ul><li>Spoofed Google support pages: Clicking the link in the email takes you to a fake Google support page, often hosted on Google Sites, adding another layer of false credibility. The website will urge you to log in to view your &ldquo;case materials.&rdquo;</li><li>Phishing for credentials: If you proceed, you&rsquo;re asked to enter your Google username and password. Once entered, the attackers can gain full access to your account.</li><li>Psychological tricks: Scammers use <a href="https://cointelegraph.com/news/what-is-a-bear-raid-and-how-do-whales-use-them-in-crypto-trading">fear-based tactics</a> &mdash; mentioning lawsuits, law enforcement involvement or threats of account suspension. The urgency they create is designed to make you bypass your usual caution.</li></ul><img alt="How Google subpoena scam works" src="https://s3.cointelegraph.com/storage/uploads/view/9702be889f3711a17ee09cbcb2f2492b.jpg" title="How Google subpoena scam works">Did you know? Google Sites lets anyone with a Google account create websites under the trusted &ldquo;sites.google.com&rdquo; domain. Attackers exploit this by crafting fake login pages and phishing forms, using Google&rsquo;s SSL and brand reputation to deceive users into revealing sensitive information. </div><div data-ct-widget="explained-block" id="explained-block-189220-3"> <h2 data-ct-widget="explained-block-title"> Key signs you&rsquo;re facing a Google subpoena scam </h2> Even though the Google subpoena scam is highly sophisticated, there are still clear red flags you can look for if you know what to watch out for.&nbsp;By recognizing these signs, you can protect yourself from falling victim to <a href="https://cointelegraph.com/learn/articles/what-is-a-phishing-attack-in-crypto-and-how-to-prevent-it">phishing attacks</a>:<ul><li>Fake or spoofed sender addresses: The first thing you should do is examine the sender&rsquo;s email address carefully. Even though these scams may appear to come from a legitimate Google address, small differences in the sender&rsquo;s domain or name can indicate that the email is a spoof. For instance, a Google email may have slight alterations, such as &ldquo;goog1e.com&rdquo; instead of &ldquo;google.com,&rdquo; which are often overlooked by unsuspecting users.</li><li>Urgent language and threats: Scammers will often try to pressure you into acting quickly by using urgent language and threats of legal action. They may claim that your account is at risk of being suspended or that you must act immediately to avoid severe consequences. Google does not use scare tactics like this in emails.</li><li>Requests for sensitive information: One of the biggest signs of a phishing attempt is a request for sensitive information, such as your Google account password, <a href="https://cointelegraph.com/learn/articles/what-is-two-factor-authentication-2fa">two-factor authentication (2FA)</a> code or personal financial details. Google will never ask for this information via email.</li><li>Poor grammar or formatting: While scammers have gotten better at mimicking official communication, many still make mistakes. Look for inconsistent wording, odd phrasing or formatting errors. These can often reveal a scam.</li><li>Suspicious links: Before clicking any link in an email, hover over it with your mouse to preview the URL. If the link looks suspicious or unfamiliar, don&rsquo;t click on it. Often, scammers use disguised URLs that lead to fake websites.</li><li>Lack of proper legal process: Real subpoenas are issued through proper legal channels. They are never delivered via an email that asks for personal information or a quick action.</li></ul> </div><div data-ct-widget="explained-block" id="explained-block-189220-2"> <h2 data-ct-widget="explained-block-title"> Received a Google subpoena email? Here&rsquo;s how to stay safe </h2> If you receive an email that claims to be from Google about a legal subpoena or any other suspicious notification, it&rsquo;s important to remain calm and avoid reacting hastily.&nbsp;Phishing attacks, like the Google subpoena scam, often rely on creating a sense of urgency to trick users into making mistakes. Here&rsquo;s <a href="https://cointelegraph.com/explained/victim-of-a-crypto-scam-heres-what-to-do-next">what you should do immediately</a> to protect your personal information and accounts:<ul><li>Do not click any links: Avoid interacting with the email. Don&rsquo;t open attachments, click links or reply.</li><li>Verify the request: Visit Google&rsquo;s support site directly (not through any link in the email) and check if there are any notifications related to your account.</li><li>Report the scam: In the UK, forward the suspicious email to report@phishing.gov.uk or Google&rsquo;s own reporting channels, and in the US, notify the Federal Trade Commission (FTC) at reportfraud.ftc.gov or forward to spam@uce.gov.</li><li>Update your security settings: Immediately change your Google account password and enable 2FA or <a href="https://cointelegraph.com/learn/articles/multi-factor-authentication-mfa-in-cryptocurrency">passkeys for an extra layer of protection</a>.</li><li>Contact your bank: If you shared any financial details (e.g., credit card numbers, bank account information or payment credentials), act quickly. Call your bank or financial institution using the official number on the back of your card or its verified website. Inform them of the potential scam and any compromised information. Request to monitor your account for suspicious activity, freeze or cancel affected cards, or issue new ones if necessary. Review recent transactions for unauthorized charges and dispute any fraudulent activity promptly.</li><li>Report to authorities: If you believe you have fallen victim, report the incident to Action Fraud or call 101 if you&rsquo;re based in the UK. File a complaint with the FTC at<a href="http://www.ftc.gov/complaint" rel="noopener noreferrer nofollow" target="_blank"> www.ftc.gov/complaint</a> or report to the Federal Bureau of Investigation&rsquo;s Internet Crime Complaint Center (IC3) at<a href="http://www.ic3.gov" rel="noopener noreferrer nofollow" target="_blank"> www.ic3.gov</a> if you are based in the US.</li></ul> </div><div data-ct-widget="explained-block" id="explained-block-189220-1"> <h2 data-ct-widget="explained-block-title"> How Google notifies users about legal requests </h2> When it comes to legal requests such as subpoenas, court orders or search warrants, Google takes privacy and security seriously. The company has a strict procedure in place to ensure that requests for user data are valid, lawful and processed through proper channels.&nbsp;Unlike the tactics employed by scammers, Google&rsquo;s approach is both transparent and secure. Here&rsquo;s how the real process works when it comes to legal requests for your data:<ul><li>Google checks the request carefully: If law enforcement (e.g., police or court) requests your data, Google thoroughly reviews the request to ensure it&rsquo;s valid and lawful.</li><li>Google may notify you: Unless they&rsquo;re not allowed (e.g., due to a court order), Google will let you know before sharing your information. This notice won&rsquo;t come in a random email asking for your password.</li><li>Official notifications only: If there&rsquo;s a real legal issue, you&rsquo;ll see a message in your Google Account dashboard (like in the &ldquo;Security&rdquo; section when you log in) or through an official Google email from a verified address, not a suspicious or random one.</li></ul><img src="https://s3.cointelegraph.com/storage/uploads/view/5f7aa5fa6b1ccda3d40dfdfe84de2038.jpg" alt="Google subpoena scam: What it looks like and how to avoid it">Did you know? Government agencies worldwide request user data from Google, but each request is carefully reviewed to ensure it complies with the law. Google shares details of these requests in its <a href="https://transparencyreport.google.com/?hl=en_US" rel="noopener noreferrer nofollow" target="_blank">Transparency Report</a>, and how they respond <a href="https://policies.google.com/terms?hl=en-US" rel="noopener noreferrer nofollow" target="_blank">depends</a> on whether your service provider is Google LLC (US) or Google Ireland Limited (Ireland). </div><div data-ct-widget="explained-block" id="explained-block-189220-0"> <h2 data-ct-widget="explained-block-title"> How to avoid falling victim to Google subpoena scams </h2> To avoid falling victim to Google subpoena scams, stay calm, avoid clicking any links or attachments, and verify any legal claims directly through Google&rsquo;s official support channels.Phishing scams are constantly evolving, but you can significantly reduce your risk by following some best practices, including:<ul><li>Stay skeptical: Always question unexpected emails, especially those involving legal action or urgent threats.</li><li>Inspect carefully: Click the dropdown next to the sender&rsquo;s name to see the full email address and domain.</li><li>Hover before clicking: Hover your cursor over any links to preview the URL without actually clicking.</li><li>Enable 2FA: Adding an extra layer of security to your Google account can stop scammers even if they steal your password.</li><li>Use advanced spam filters: Tools like spam blockers, domain verification tools (like Who.is) and secure email gateways can help flag suspicious emails.</li><li>Regular security audits: Periodically review your Google Account&rsquo;s security settings and connected third-party apps.</li><li>Stay updated: Subscribe to trusted cybersecurity newsletters or Google&rsquo;s security updates to stay informed about new threats.</li><li>Educate yourself and others: Sharing knowledge about scams with friends, family and coworkers can help build a collective defense.</li></ul> </div></div>

What is a Google subpoena scam?            
            
                
The Google subpoena scam is a type of phishing attack where fraudsters impersonate Google to create a false sense of urgency and fear. 
Typically, you will receive an email that appears to come from no-reply@google.com, claiming to inform you of a subpoena, a formal legal request. The email will often have a subject line like “Security Alert” or “Notice of Subpoena,” making it seem urgent and legitimate. These scammers prey on your natural concern about legal matters and data privacy, hoping to trigger a reaction.
Inside the email, the scammers falsely claim that Google has been served with a subpoena requiring the company to turn over your account data, such as emails, documents or search history. The email will then urge you to click on a link to view your “case materials.” This link typically leads to a fraudulent website, often hosted on Google Sites, which is designed to look like a genuine Google support page. This added layer of legitimacy can easily trick users into believing the request is real.

The most concerning part of this scam is that attackers are skilled at spoofing Google’s email addresses and mimicking the company’s official content. By doing so, they can bypass common security checks, such as DomainKeys Identified Mail (DKIM), which normally verifies the authenticity of an email. With this approach, the scam appears convincingly legitimate, making it easy for unsuspecting users to act impulsively — potentially exposing sensitive data or inadvertently installing malware.
Did you know? DomainKeys Identified Mail (DKIM) is an email security standard that verifies whether a message really comes from the domain it claims to be from. It uses cryptographic signatures to protect against email spoofing and phishing attacks — making your inbox just a little safer every day.
                    
            
                How the Google subpoena scam works            
            
                
Software firm EasyDMARC explained that attackers exploited legitimate Google services to bypass traditional spam filters. They used “OAuth” applications combined with DKIM workarounds to create emails that could fool even careful users.
A DKIM replay attack exploits the way email authentication works, specifically using DomainKeys Identified Mail, which adds a digital signature to an email to verify its authenticity.
Steps of the attack:


Attacker receives a legitimate Google email: The attacker intercepts a legitimate email from Google that has a valid DKIM signature, which proves it came from Google.
Preparing the replay: The attacker saves this email, keeping the DKIM signature intact, and replays it. Since DKIM checks only the email headers and body (if unchanged), the attacker can forward the exact email with its signature intact without modification.
Sending the spoofed email: The attacker then sends this saved email from a different account (e.g., Outlook), making it look like it’s from the original sender (Google).
Relaying through other servers: The email goes through multiple servers, each adding their own DKIM signature, but the original Google DKIM signature remains untouched and valid.
Final delivery: The email reaches the victim’s inbox, appearing legitimate. Despite being relayed through several servers, the email passes SPF, DKIM and DMARC checks, which makes it look like a valid Google email.

The result: The victim is tricked into thinking it’s a legitimate message, potentially leading to harmful actions like clicking malicious links or providing sensitive information. This type of attack plays on the trust people place in email authentication methods and shows how attackers can exploit them.
Here’s how fake Google emails and DKIM replay attacks trick you:

Spoofed Google support pages: Clicking the link in the email takes you to a fake Google support page, often hosted on Google Sites, adding another layer of false credibility. The website will urge you to log in to view your “case materials.”
Phishing for credentials: If you proceed, you’re asked to enter your Google username and password. Once entered, the attackers can gain full access to your account.
Psychological tricks: Scammers use fear-based tactics — mentioning lawsuits, law enforcement involvement or threats of account suspension. The urgency they create is designed to make you bypass your usual caution.


Did you know? Google Sites lets anyone with a Google account create websites under the trusted “sites.google.com” domain. Attackers exploit this by crafting fake login pages and phishing forms, using Google’s SSL and brand reputation to deceive users into revealing sensitive information.
                    
            
                Key signs you’re facing a Google subpoena scam            
            
                
Even though the Google subpoena scam is highly sophisticated, there are still clear red flags you can look for if you know what to watch out for. 
By recognizing these signs, you can protect yourself from falling victim to phishing attacks:

Fake or spoofed sender addresses: The first thing you should do is examine the sender’s email address carefully. Even though these scams may appear to come from a legitimate Google address, small differences in the sender’s domain or name can indicate that the email is a spoof. For instance, a Google email may have slight alterations, such as “goog1e.com” instead of “google.com,” which are often overlooked by unsuspecting users.
Urgent language and threats: Scammers will often try to pressure you into acting quickly by using urgent language and threats of legal action. They may claim that your account is at risk of being suspended or that you must act immediately to avoid severe consequences. Google does not use scare tactics like this in emails.
Requests for sensitive information: One of the biggest signs of a phishing attempt is a request for sensitive information, such as your Google account password, two-factor authentication (2FA) code or personal financial details. Google will never ask for this information via email.
Poor grammar or formatting: While scammers have gotten better at mimicking official communication, many still make mistakes. Look for inconsistent wording, odd phrasing or formatting errors. These can often reveal a scam.
Suspicious links: Before clicking any link in an email, hover over it with your mouse to preview the URL. If the link looks suspicious or unfamiliar, don’t click on it. Often, scammers use disguised URLs that lead to fake websites.
Lack of proper legal process: Real subpoenas are issued through proper legal channels. They are never delivered via an email that asks for personal information or a quick action.
                    
            
                Received a Google subpoena email? Here’s how to stay safe            
            
                
If you receive an email that claims to be from Google about a legal subpoena or any other suspicious notification, it’s important to remain calm and avoid reacting hastily. 
Phishing attacks, like the Google subpoena scam, often rely on creating a sense of urgency to trick users into making mistakes. Here’s what you should do immediately to protect your personal information and accounts:

Do not click any links: Avoid interacting with the email. Don’t open attachments, click links or reply.
Verify the request: Visit Google’s support site directly (not through any link in the email) and check if there are any notifications related to your account.
Report the scam: In the UK, forward the suspicious email to report@phishing.gov.uk or Google’s own reporting channels, and in the US, notify the Federal Trade Commission (FTC) at reportfraud.ftc.gov or forward to spam@uce.gov.
Update your security settings: Immediately change your Google account password and enable 2FA or passkeys for an extra layer of protection.
Contact your bank: If you shared any financial details (e.g., credit card numbers, bank account information or payment credentials), act quickly. Call your bank or financial institution using the official number on the back of your card or its verified website. Inform them of the potential scam and any compromised information. Request to monitor your account for suspicious activity, freeze or cancel affected cards, or issue new ones if necessary. Review recent transactions for unauthorized charges and dispute any fraudulent activity promptly.
Report to authorities: If you believe you have fallen victim, report the incident to Action Fraud or call 101 if you’re based in the UK. File a complaint with the FTC at www.ftc.gov/complaint or report to the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) at www.ic3.gov if you are based in the US.
                    
            
                How Google notifies users about legal requests            
            
                
When it comes to legal requests such as subpoenas, court orders or search warrants, Google takes privacy and security seriously. The company has a strict procedure in place to ensure that requests for user data are valid, lawful and processed through proper channels. 
Unlike the tactics employed by scammers, Google’s approach is both transparent and secure. Here’s how the real process works when it comes to legal requests for your data:

Google checks the request carefully: If law enforcement (e.g., police or court) requests your data, Google thoroughly reviews the request to ensure it’s valid and lawful.
Google may notify you: Unless they’re not allowed (e.g., due to a court order), Google will let you know before sharing your information. This notice won’t come in a random email asking for your password.
Official notifications only: If there’s a real legal issue, you’ll see a message in your Google Account dashboard (like in the “Security” section when you log in) or through an official Google email from a verified address, not a suspicious or random one.


Did you know? Government agencies worldwide request user data from Google, but each request is carefully reviewed to ensure it complies with the law. Google shares details of these requests in its Transparency Report, and how they respond depends on whether your service provider is Google LLC (US) or Google Ireland Limited (Ireland).
                    
            
                How to avoid falling victim to Google subpoena scams            
            
                
To avoid falling victim to Google subpoena scams, stay calm, avoid clicking any links or attachments, and verify any legal claims directly through Google’s official support channels.
Phishing scams are constantly evolving, but you can significantly reduce your risk by following some best practices, including:

Stay skeptical: Always question unexpected emails, especially those involving legal action or urgent threats.
Inspect carefully: Click the dropdown next to the sender’s name to see the full email address and domain.
Hover before clicking: Hover your cursor over any links to preview the URL without actually clicking.
Enable 2FA: Adding an extra layer of security to your Google account can stop scammers even if they steal your password.
Use advanced spam filters: Tools like spam blockers, domain verification tools (like Who.is) and secure email gateways can help flag suspicious emails.
Regular security audits: Periodically review your Google Account’s security settings and connected third-party apps.
Stay updated: Subscribe to trusted cybersecurity newsletters or Google’s security updates to stay informed about new threats.
Educate yourself and others: Sharing knowledge about scams with friends, family and coworkers can help build a collective defense.

The article explains the Google subpoena scam, a phishing attack where fraudsters impersonate Google to create urgency and fear through fake legal notices. Victims receive deceptive emails appearing to be from Google, often with alarming subject lines like "Security Alert" or "Notice of Subpoena," tricking them into taking harmful actions.  

Google subpoena scam: What it looks like and how to avoid it

XRP fell below $2.30 this week, wiping out all the gains registered in last week&#8217;s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday&#8217;s opening price and 7% from its weekly high of $2.36. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Market Expert Forecasts Potential 30% Fall To $1.55 A cryptocurrency analyst, Block Bull, forecasts that XRP might drop much deeper in the near future. From the analyst&#8217;s April 29 X post, XRP could not break the resistance level at the top of a bull flag pattern on the daily charts. This technical failure may push the price to $1.55, which would be &#8220;annoying as hell&#8221;, according to Block Bull &#8211; a 30% fall from the high of the pattern &#8211; and 28.6% from current levels. Block Bull informed followers this possible price fall would be brief and could prove to be the perfect entry point for investors. The analyst intimated big money players tend to use such downturns in markets to accumulate holdings at bargain rates. Likely $XRP is going to fall 30% along with $XLM that Ive just posted. bottom of bull flag and fib level will be a great entry $1.55 (annoying as hell) bleeding the average guy and this is why the rich get richer cos theyre the only ones able to afford to HODL pic.twitter.com/pG3h30Swks — 📈BLOCK BULL📈 (@TheBlockBull) April 29, 2025 XRP Not Alone As Bitcoin And Ethereum Also Struggle The decline pressure on XRP is in line with weaker trends in major cryptocurrencies overall. Bitcoin is struggling to remain above the $95,000 threshold while Ethereum has fallen below $1,800. That this is a market-wide correction and not a specific XRP problem is indicated. Competing Analysis Provides More Optimistic Forecast Not everyone who watches the market sees the dismal outlook. Others noted that while declining 6% in two days from $2.28 to $2.14, XRP has been able to remain above important support levels on shorter timeframes. They said that if XRP can hold support at $2.14, the price may bounce back to $2.24 or higher in short order. More positive predictions even indicate that XRP could hit $5 in a month, a new all-time high for the cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Liquidation Data Shows Market Imbalance Meanwhile, latest trading statistics by Coinglass indicate a shocking disparity in market positions. Within 24 hours, nearly $14 million of long positions (bets on the price going up) were liquidated, while just $1.48 million worth of short positions were sold. This almost 1000% gap indicates the majority of traders were placing bets on price rises when the market started going into decline. The sudden sell-off of such a large number of long positions had a cascade effect, dropping prices even quicker. Open interest also declined by 4%, indicating traders were closing out as uncertainty mounts. As of the most recent trading figures, XRP stands at $2.20, down 1.14% since the beginning of the day. Investors now have conflicting messages regarding whether to anticipate further declines or perhaps a possible rebound in the coming days. Featured image from Unsplash, chart from TradingView

XRP fell below $2.30 this week, wiping out all the gains registered in last week’s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday’s opening price and 7% from its weekly high of $2.36. Related Reading: Only XRP? Expert Claims That’s All You Need To Succeed Market Expert Forecasts Potential 30% Fall To $1.55 A cryptocurrency analyst, Block Bull, forecasts that XRP might drop much deeper in the near future. From the analyst’s April 29 X post, XRP could not break the resistance level at the top of a bull flag pattern on the daily charts. This technical failure may push the price to $1.55, which would be “annoying as hell”, according to Block Bull – a 30% fall from the high of the pattern – and 28.6% from current levels. Block Bull informed followers this possible price fall would be brief and could prove to be the perfect entry point for investors. The analyst intimated big money players tend to use such downturns in markets to accumulate holdings at bargain rates. Likely $XRP is going to fall 30% along with $XLM that Ive just posted. bottom of bull flag and fib level will be a great entry $1.55 (annoying as hell) bleeding the average guy and this is why the rich get richer cos theyre the only ones able to afford to HODL pic.twitter.com/pG3h30Swks — 📈BLOCK BULL📈 (@TheBlockBull) April 29, 2025 XRP Not Alone As Bitcoin And Ethereum Also Struggle The decline pressure on XRP is in line with weaker trends in major cryptocurrencies overall. Bitcoin is struggling to remain above the $95,000 threshold while Ethereum has fallen below $1,800. That this is a market-wide correction and not a specific XRP problem is indicated. Competing Analysis Provides More Optimistic Forecast Not everyone who watches the market sees the dismal outlook. Others noted that while declining 6% in two days from $2.28 to $2.14, XRP has been able to remain above important support levels on shorter timeframes. They said that if XRP can hold support at $2.14, the price may bounce back to $2.24 or higher in short order. More positive predictions even indicate that XRP could hit $5 in a month, a new all-time high for the cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Liquidation Data Shows Market Imbalance Meanwhile, latest trading statistics by Coinglass indicate a shocking disparity in market positions. Within 24 hours, nearly $14 million of long positions (bets on the price going up) were liquidated, while just $1.48 million worth of short positions were sold. This almost 1000% gap indicates the majority of traders were placing bets on price rises when the market started going into decline. The sudden sell-off of such a large number of long positions had a cascade effect, dropping prices even quicker. Open interest also declined by 4%, indicating traders were closing out as uncertainty mounts. As of the most recent trading figures, XRP stands at $2.20, down 1.14% since the beginning of the day. Investors now have conflicting messages regarding whether to anticipate further declines or perhaps a possible rebound in the coming days. Featured image from Unsplash, chart from TradingView

XRP has dropped below $2.30, erasing last week's gains, with a 3.5% decline since Monday and a 7% drop from its weekly high. Analyst Block Bull predicts a potential 30% crash to $1.55, casting doubt on XRP's near-term performance.  

‘Annoying As Hell’ – Analyst Predicts XRP Will Crash 30%

Former White House communications director Anthony Scaramucci called Trump’s first 100 days in office “the worst in modern history.” Despite several crypto-friendly actions, Trump’s early presidency has stirred up major controversy and uncertainty in both politics and the crypto world. [&#8230;]
The post <a href="https://www.coinbackyard.com/cryptocurrency/trump-first-100-days-crypto-impact/">Trump’s First 100 Days: Big Moves, Big Problems for Crypto</a> appeared first on <a href="https://www.coinbackyard.com">Coinbackyard</a>.

Former White House communications director Anthony Scaramucci called Trump’s first 100 days in office “the worst in modern history.” Despite several crypto-friendly actions, Trump’s early presidency has stirred up major controversy and uncertainty in both politics and the crypto world. […]
The post Trump’s First 100 Days: Big Moves, Big Problems for Crypto appeared first on Coinbackyard.

The article examines Donald Trump's first 100 days in office, highlighting mixed reactions to his crypto-friendly policies amid broader political controversies. While some actions were favorable to the cryptocurrency sector, his presidency has also generated significant uncertainty and criticism, particularly from former White House officials like Anthony Scaramucci.  

Trump’s First 100 Days: Big Moves, Big Problems for Crypto

Robinhood reported one of its strongest quarters yet, with Q1 revenue rising 50% year-over-year to $927 million and net income more than doubling to $336 million. Robinhood reported first quarter results after Wednesday&#8217;s closing bell. Earnings per share of 37&#8230;

Robinhood reported one of its strongest quarters yet, with Q1 revenue rising 50% year-over-year to $927 million and net income more than doubling to $336 million. Robinhood reported first quarter results after Wednesday’s closing bell. Earnings per share of 37…

Robinhood delivered a robust Q1 performance, with revenue surging 50% year-over-year to $927 million and net income more than doubling to $336 million, marking one of its strongest quarters. The earnings report has shifted perceptions, with analysts no longer dismissing the platform as a "joke for millennials."  

Robinhood crushes Q1 report, analyst declares it is no longer a ‘joke for millennials’

The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump. CoinMarketCap data shows that the total value of digital assets surpassed $3 trillion in early trading on May 1. Although this represents a significant rebound for the market, it still [&#8230;]
The post <a href="https://cryptoslate.com/insights/bitcoins-dominance-fuels-crypto-market-climb-to-3-trillion/">Bitcoin&#8217;s dominance fuels crypto market climb to $3 trillion</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump. CoinMarketCap data shows that the total value of digital assets surpassed $3 trillion in early trading on May 1. Although this represents a significant rebound for the market, it still […]
The post Bitcoin’s dominance fuels crypto market climb to $3 trillion appeared first on CryptoSlate.

The global cryptocurrency market has surged past $3 trillion, largely fueled by Bitcoin's dominance and renewed investor interest following US policy developments under President Donald Trump. The milestone, recorded on May 1, marks a significant rebound, though challenges remain.  

Bitcoin’s dominance fuels crypto market climb to $3 trillion

Bitcoin surged past the $97,000 mark on Wednesday, climbing to a high of $97,546 before pulling back slightly, as traders continue to test key resistance levels.&#160; The move came after days of tight price action between $93,000 and $96,000, with&#8230;

Bitcoin surged past the $97,000 mark on Wednesday, climbing to a high of $97,546 before pulling back slightly, as traders continue to test key resistance levels.  The move came after days of tight price action between $93,000 and $96,000, with…

Bitcoin broke through the $97,000 barrier, reaching a high of $97,546 before a minor retracement, as bullish traders pushed past previous resistance levels following days of consolidation between $93,000 and $96,000.  

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