DeFi Development Corp. announced Thursday it has secured $24 million through a private investment in public equity (PIPE) deal to scale its Solana accumulation strategy. The round attracted prominent investors including Galaxy Digital, Arrington Capital, Republic Digital, Borderless Capital, and…

DeFi Dev Corp plans $24m for Solana push, stock keeps surging

Strategy, the corporate bitcoin treasury firm formerly known as Microstrategy, 
revealed plans for a $21 billion at-the-market (ATM) common stock offering to 
acquire additional bitcoin ( BTC), even as it reported a first-quarter net 
loss of $4.2 billion, or $16.49 per diluted share. Strategy Wants More Bitcoin 
The company’s net loss included a $5.9 billion […]

Strategy Unveils $21B Stock Offering to Amplify Bitcoin Holdings Amid Q1 Loss

Dogecoin is currently trading in a tight range, consolidating above the $0.16 
support level and struggling to break above the $0.19–$0.20 resistance zone. 
This consolidation phase comes as the broader crypto market shows signs of 
strength and renewed momentum. Bulls are watching closely, hoping for a 
breakout that could mark the beginning of a recovery rally. Related Reading: 
Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit- 
Taking? Recent on-chain data from Santiment adds fuel to the bullish 
narrative. Over the past week, Dogecoin whales have accumulated approximately 
100 million DOGE, a move that signals rising confidence among large holders. 
Historically, such buying activity from major players has often preceded 
upward price movements, especially when it coincides with broader market 
recovery. As Bitcoin and other large-cap cryptocurrencies continue to test key 
levels, DOGE’s consolidation pattern and whale accumulation will be key 
indicators for its next move. The coming days could prove pivotal for the 
memecoin’s short-term trajectory. Whale Activity Signals Possible Breakout As 
Dogecoin Tests Resistance Dogecoin is currently trading around $0.17–$0.18, 
hovering near critical resistance while the broader crypto market shows signs 
of renewed momentum. Bulls are attempting to reclaim higher levels, especially 
the $0.20 zone, which has consistently acted as a strong barrier over the past 
few weeks. A successful break above this level could trigger a recovery rally, 
but until then, price action remains uncertain. Analysts are split on what 
comes next for DOGE. Some argue that failure to break out above $0.20—coupled 
with increasing lower highs—could signal a continuation of the broader 
downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the 
other hand, with Bitcoin holding strong above $90K and major altcoins 
beginning to rebound, others believe Dogecoin could follow suit. Adding to the 
optimism, top analyst Ali Martinez shared a chart on X revealing that whales 
have accumulated 100 million DOGE over the past week. This surge in whale 
activity typically precedes price rallies and supports the case for a 
potential breakout. As accumulation continues and market sentiment improves, 
DOGE could be preparing for a strong move. For now, all eyes are on the $0.20 
resistance. A clean break above it could validate the bullish outlook, while 
rejection might extend the current consolidation. Related Reading: Solana 
Monthly Candle Reclaims Key Levels – Is $240 The Next Target? DOGE Price 
Action Hinges On Breaking Price Range Dogecoin (DOGE) is currently trading at 
$0.176, continuing to consolidate in a tight range as bulls attempt to gain 
momentum. Despite holding above the $0.16 support, DOGE has struggled to make 
a higher high, and price action remains capped by local resistance. To confirm 
a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 
level — a key resistance zone that aligns with the 200-day exponential moving 
average (EMA). Reclaiming this level would signal strength and could trigger 
an upward move toward $0.25 and beyond, especially if overall market 
conditions remain favorable. However, the lack of follow-through and volume at 
current levels raises concern. If bulls fail to defend $0.16, the downside 
risk grows significantly. A breakdown below this support could open the door 
to a deeper correction, potentially driving DOGE down into the $0.13–$0.10 
region, where historical demand has previously stepped in. Related Reading: 
Chainlink Flashes Daily Buy Signal – Breakout Next? For now, DOGE remains 
range-bound with indecision dominating the short-term outlook. The next major 
move will depend on whether bulls can generate enough demand to break above 
the 200-day EMA or whether sellers regain control below the $0.16 threshold. 
Featured image from Dall-E, chart from TradingView

Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence

Kuwait initiated a major crackdown on crypto mining, citing growing strains on 
the electric grid.

Kuwait shuts down on crypto miners as nations struggles with blackouts

Avraham Eisenberg was sentenced to more than four years in prison on child 
pornography charges, unrelated to his role in the 2022 exploit that drained 
the decentralized exchange Mango Markets of roughly $100 million.
According to reporting from Inner City Press, a judge sentenced Eisenberg to 
52 months in prison at a May 1 hearing in the US District Court for the 
Southern District of New York. The case was filed in April 2024 after 
Eisenberg&#8217;s 2023 indictment on fraud for the Mango Markets exploit.
Eisenberg was initially scheduled to be sentenced in July 2024 following his 
guilty plea on the child porn charge. In May 2024, the judge suggested the 
sentencing for both cases would occur simultaneously in a consolidated 
proceeding. However, as of May 1, the fraud sentencing remains pending.
The prosecution in the Mango Markets case reflects the growing probability of 
apprehension for hackers and cybersecurity exploiters plaguing the crypto 
industry with malicious attacks on platforms and users.
_**Related:**__**SafeMoon boss cites DOJ &#8216;s nixed crypto unit in latest bid to 
toss suit**_
## The case of Avraham Eisenberg
Mango Markets, a former decentralized crypto exchange, was exploited in 
October 2022 through a price oracle manipulation, losing $100 million in user 
funds as a result.
The exchange&#8217;s native token, Mango (MNGO), also plummeted immediately 
following the hack, shedding 52% of its value within 24 hours and leading the 
Mango Markets team to suspend deposits.
Eisenberg defended the exploit, arguing that the $100 million heist was done 
through &#8220;legal open-market actions&#8221; and claimed that he negotiated a 
settlement for the return of user funds after the exchange&#8217;s insurance fund 
failed to cover the shortfall.
In December 2022, US federal law enforcement authorities arrested Eisenberg in 
Puerto Rico. FBI officials charged the hacker with one count of commodities 
fraud and one count of commodities manipulation.
A jury found Eisenberg guilty of wire fraud, commodities fraud, and 
commodities manipulation in April 2024. The defense argued that the exploit 
was not a cybercrime and represented a &#8220;successful and legal trading 
strategy.&#8221;
Following the conviction, the Mango Markets exploiter&#8217;s attorneys filed a 
motion for acquittal in September 2024, which was heavily opposed by US 
prosecutors, who argued that Eisenberg was correctly convicted through careful 
evaluation of a &#8220;mountain of evidence.&#8221;
_**Magazine:**__**Influencers shilling memecoin scams face severe legal 
consequences**_

Mango Markets exploiter sentenced to over 4 years on child porn charges

Strategy posted a $4.2B Q1 loss but plans to raise $21B through equity to keep 
expanding its Bitcoin holdings.
The post Strategy reports $4.2B loss but aims to raise $21B to buy more 
Bitcoin appeared first on Crypto Briefing.