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Three Florida teenagers are facing charges of kidnapping, robbery, and extortion after allegedly abducting a man at gunpoint and stealing $4 million in crypto and non-fungible tokens. According to local media , two of the suspects, both 16 years old from Pasco County, Florida, are being tried as adults, with one held on $4 million bail and the other placed under house arrest with electronic monitoring. A third teen reportedly fled the country and remains at large. The trio allegedly ambushed the victim in November after he was returning home from hosting a crypto event in Downtown Las Vegas, before driving him more than 70 miles out to a remote desert area near White Hills, Arizona. There, the victim was threatened and told that if he didn’t cooperate, he wouldn’t “live to see another day.” He was also warned that his father would be killed if he resisted. Under pressure, he handed over passwords to his crypto accounts, giving the attackers access to millions in digital assets, including NFTs. After draining his accounts, the teens allegedly dumped him in the desert, leaving him to walk five miles to a gas station where he managed to call a friend for help. Investigators believe a fourth person may have been involved remotely. According to police reports, the victim overheard a phone call on speaker during the ordeal, suggesting someone was directing the teenagers or communicating with them in real time. Authorities have not yet identified this individual, but suspect they played a key role in orchestrating the attack. The FBI is also assisting local law enforcement in the investigation, and a preliminary hearing for the two teens in custody is scheduled for June. The incident adds to a rising number of violent crimes linked to digital assets, as crypto holders become increasingly targeted by kidnappers and extortionists. As previously covered on crypto.news, earlier this year, Ledger co-founder David Balland was kidnapped from his home in France, with the abductors reportedly demanding a cryptocurrency ransom. He was rescued two days later in a police operation described by authorities as “ultra-sensitive.” A few months earlier, Malaysian authorities arrested 14 individuals in connection with the kidnapping of two victims in Cyberjaya. The attackers received a $1.2 million ransom in crypto before releasing the hostages. Four suspects remain at large. According to a GitHub list maintained by Casa co-founder Jameson Lopp, there have been 21 offline crypto robberies reported so far in 2025, following 28 incidents in 2024.

The XRP price today is trading near $2.37 after a sharp breakout earlier this week that pushed it above the long-standing descending trendline. This breakout came following multiple rejections around the $2.15–$2.20 area and was accompanied by a surge in volume—indicating strong buyer conviction. A clean bullish flag structure has emerged on the 4-hour chart, with price now hovering near the midline of the channel and attempting to form higher lows above $2.34. On the daily chart, XRP broke above its April trendline and re-entered the $2.35–$2.45 consolidation zone. This level previously served as both support and resistance during multiple testing phases earlier in Q1. The breakout candle on May 9 was aggressive, with price jumping nearly 15% in a single session and setting off the latest XRP price spikes. However, price action has turned cautious near $2.47 as bears defended the upper boundary of the flag. A rejection from that level has led to minor retracement—but XRP price volatility remains elevated, keeping traders focused on short-term support zones. The 4-hour Bollinger Bands remain wide, and XRP is currently attempting to hold above the 20-EMA near $2.34. Price also rests between the 50-EMA ($2.27) and the psychological $2.30 handle. A breakdown below $2.30 would expose downside risk toward $2.15, but if bulls maintain momentum above the current region, XRP could challenge the $2.47–$2.50 resistance again. Looking at indicators, the RSI on the 30-minute chart has cooled to 41.8 after nearing overbought territory during the breakout. This shows a pause in bullish strength but no sharp reversal yet. Meanwhile, MACD on the same timeframe shows weakening bullish momentum, with the signal line slightly crossing above the MACD line. These signals suggest that the immediate uptrend is pausing, and a minor consolidation or retest could unfold before another push. The broader XRP price update shows a favorable trend on higher timeframes. On the weekly chart, XRP is holding comfortably above the 0.5 Fibonacci retracement ($1.91) and approaching the 0.382 level at $2.26. A weekly close above $2.30 would be a strong bullish confirmation and may open the path toward $2.69, which is the 0.236 Fib resistance and a major long-term barrier. While XRP price briefly slipped from $2.47 to $2.34 in the past 24 hours, this drop is more likely a healthy retracement within a bullish continuation setup rather than a reversal. The sell-off found demand near the midline of the flag channel and above the 20-EMA, with no breach of prior breakout structure. Volume on the retracement is lower compared to the breakout candle, and the Bollinger Bands remain expanding. These are generally signs of ongoing strength. For now, the answer to why XRP price going down today is simple: profit-taking after a parabolic move. Until $2.30 breaks on high volume, the bullish case remains intact. That said, any sharp rejection from $2.47 again could trigger a retest of $2.20 and possibly $2.05. Conversely, a breakout above $2.47 will likely bring quick moves to $2.69–$2.75, aligning with upper channel resistance and the February swing high. Heading into May 12, traders will watch closely whether XRP consolidates above $2.34 and re-tests $2.47. Momentum remains with the bulls, especially if the market sentiment remains risk-on and Bitcoin holds its gains above $65,000. The technical structure favors continued upside unless XRP drops below $2.30. For earlier insights into this breakout structure, refer to our May 10 XRP forecast where we discussed the critical breakout zone at $2.20 and the trendline pivot. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Solana price today is trading near $173.65, following a sharp breakout that carried price from the $145 support zone toward a critical confluence resistance near $180. This recent rally has reignited bullish sentiment across the market, but with signs of exhaustion emerging on lower timeframes. After weeks of consolidation, Solana price broke decisively above a multi-month descending trendline on the daily chart, triggering a swift move from the $140–$145 zone to retest the $180 psychological barrier. This move aligns with the 0.5 Fibonacci retracement level ($156.23) from the November 2023 high to April 2025 low, which acted as a springboard for the breakout. On the weekly chart, Solana price action is pushing into the 0.382 retracement level near $189. This zone served as a major distribution point during Q4 2024 and could now pose heavy resistance unless bulls reclaim it with volume. The 4-hour chart reveals early signs of exhaustion. The Stochastic RSI has crossed back down from overbought levels and is now below 20, indicating weakening short-term momentum. Similarly, the RSI on the 30-minute chart has dipped below 50, and MACD has printed a bearish crossover with declining histogram bars. Price has also pulled back after failing to hold above $175. Strong resistance is seen near $179.75, and unless Solana can flip this level decisively, we may see a near-term retracement toward the $167–$170 support range, which aligns with the EMA-20 and 4-hour Bollinger mid-band. One of the more notable developments on the daily chart is the breakout from a classic cup and handle pattern, which had been forming over the last several weeks. The rounded base between March and April established a strong bullish foundation, and the handle’s downward-sloping consolidation was followed by a clean breakout in early May. This bullish continuation structure reinforces the strength behind the recent Solana price spikes, signaling that the current trend has technical backing beyond just short-term speculation. With price now holding above the neckline breakout near $156–$160, the measured move from this pattern gives Solana a theoretical upside projection toward the $190–$200 range, aligning closely with key Fibonacci resistance at $189. The Solana price update for May 12 will largely depend on how price behaves around the $171–$175 short-term zone. If this level holds, buyers may attempt another breakout above $180, targeting $189 and potentially $200, which aligns with the upper trendline of a large ascending channel. However, if price closes below $171, short-term bearish momentum could extend toward the $159–$161 support area. Below that, the 100 EMA at $152.78 serves as the next critical pivot. Despite the pullback, overall Solana price volatility remains bullishly tilted. The daily structure has flipped from lower highs to a potential breakout formation, and weekly candles show strength following the rejection wick in late April. Traders should monitor whether Solana price today holds above the $171–$173 area. A bullish defense here could open doors for a retest of $180 and beyond, while a breakdown might invite further cooling. The broader trend favors bulls, but Solana price action on May 12 will hinge on intraday support stability and broader crypto sentiment. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$BTC We need to clear all of the liquidity we have below and tap into 101,7k order block and demand area before continuation upwards Should also provide pullbacks for some good setups on alts

Massive bounce for $ETH, after everyone declared it dead! Prices back above the key support area, and reclaiming $2500 as well. Still lots of work to do, but rallying 80% in less than a month is a good start 🫡