TronWeekly

Crypto World News

You are here: Home / Archives for Monero (XMR)

Monero (XMR)

Monero (XMR) Soars 52% to $347 Amid Suspicious $330M BTC Transfer

by

  • Monero (XMR) jumped 52% to touch $347, its highest level since May 2021.
  • 3,520 BTC worth $330.7 million was suspiciously moved, later funneled into Monero via exchanges.
  • After hitting its peak, XMR declined by 20%, now trading between $265 and $275.

Monero (XMR) witnessed a dramatic price increase of 52% on Monday, marking a four-year peak. It surged sharply from the $220-$230 range, which it had recently reclaimed, and raced towards the $340 resistance, touching $347 early in the morning. This movement set off major discussions across the crypto world.

At the center of this sudden surge, blockchain investigator ZachXBT pointed to a “suspicious transfer” linked to a possible social engineering attack. He revealed that 3,520 BTC, valued at about $330.7 million, was moved on Sunday night under strange circumstances. This transfer, followed closely by the Monero rally, immediately caught the eye of the online crypto community.

Not long after the transfer, the stolen funds were funneled through more than six instant exchanges and converted into Monero. According to timing analysis, this conversion appeared almost directly tied to XMR’s massive price move. Speculation grew as some users suggested that the Bitcoins might be connected to the infamous Bitstamp hack of 2014.

Suspicious Transfer Patterns Signal Theft

ZachXBT, however, dismissed that theory and said that the funds likely belonged to an original Bitcoin adopter. He pointed out that the victim’s wallet had been dormant for years and showed signs of being linked to platforms like Gemini, River, and Coinbase. This long-standing history supported the idea that it was not an exchange wallet but a personal holding.

Additional doubts surfaced over whether the wallet owner made the transactions voluntarily. The investigator detailed several clues that pointed towards theft. Among them was the strange pattern of moving large sums in small batches to instant exchanges, creating hundreds of transactions. Such a move would cost millions in fees, something an ordinary user would not normally do.

Furthermore, ZachXBT ruled out a connection to the North Korean hacking collective Lazarus Group. This group had recently made headlines for stealing $1.5 billion worth of Ethereum from Bybit, but the details of this Bitcoin case pointed elsewhere.

Monero Retreats After Hitting $347 Peak

The Monero price rally, fueled by these events, was not sustainable at its highest point. After touching $347, XMR retraced nearly 20%, settling between $265 and $275. This correction followed a broader upward trend that began after Monero hit lows of $165 on April 7. Crossing above the 50-day and 200-day moving averages at $198 and $215, XMR broke free from a range it had been stuck in since December 2024.

Monero’s breakout also meant reaching price levels unseen since May 2021, showing that the recent surge was not a simple spike but a powerful reversal of a long-standing pattern. Following this rally, Monero became the 25th largest cryptocurrency by market cap, now valued at around $5.11 billion.

XMRUSD 2025 04 29 11 56 28
Source: TradingView

Technical signals suggest that although bullish sentiment is high, risks remain. The Relative Strength Index (RSI) climbed to 83.59, a reading that generally signals overbought conditions. This could suggest that a pullback is likely in the near term as investors look to lock in profits.

Meanwhile, the MACD indicator showed a bullish crossover and expanding histogram bars. If it can maintain support above $270, the next major resistance could appear around $300. However, if the price fails to hold, a correction toward the $240 support level could unfold.

Read More | Dogecoin (DOGE) Forecasts Soar to $6 but Market Buzz Centers on Promising XRP Alternative

Monero (XMR) Price Soars as $330M Bitcoin Theft Sparks Launders Across Six Exchanges

by

  • A suspected Bitcoin theft worth 3,520 BTC ($330.7 million) led to laundering across six exchanges, with the stolen funds converted into Monero (XMR), causing the price to surge by 51% before retracing.
  • Monero (XMR) experienced sharp price volatility due to large swaps and thin liquidity, with trading volume rising by 55% within two hours.

Monero saw a major surge in its price after Bitcoin worth approximately $330.7 million, (3,520 BTC), was suspiciously transferred from a suspected victim’s wallet to an unknown address. On-chain investigator ZachXBT reported that the event, which happened on Sunday, appears to be a theft.

The details of the theft were covered by on-chain investigator ZachXBT. Shortly after, the funds moved through more than six exchanges and were swapped into Monero (XMR), causing the price of XMR to increase by 51% to $347.72 within seven hours before retracing.

Monero (XMR) currently trades at $281.55 and has a high of 23.4% in the last 24 hours and 31.0% on the 7-day chart.

Screenshot 20250428 132224 Chrome
Monero (XMR) Price Soars as $330M Bitcoin Theft Sparks Launders Across Six Exchanges 3

source: coingecko.com

ZachXBT noted that the high transaction fees and the users’ suspicious movements suggest that it is a case of theft, although he believes there’s a high probability that North Korea was not involved. He also pointed out that the victim had been a longtime Bitcoin holder.

Monera (XMR) Volatility and Price Surge Due to Bitcoin Theft

Due to large swaps and thin liquidity, XMR experienced sharp price movements, and traders have been warned to expect increased volatility and greater regulatory attention. From a trading view, the theft and laundering created new risks and chances across several cryptocurrency pairs.

For instance, XMR’s price jumped 8.2% within two hours, suggesting that there has been an overbuy for XMR/USDT and XMR/BTC watchers. On Binance, XMR/USDT volume rose to $42.3 million between 15:30 and 17:30 UTC on April 28, 2025, marking a 55% rise compared to the earlier 24-hour average of $27.2 million.

Monero’s Privacy Features

Monero is the largest privacy-related token with a $5.3 trillion market cap and the 27th biggest cryptocurrency by value. Unlike other blockchain tokens and networks like Bitcoin and Ethereum, where everyone can see all transactions and track funds across wallets, Monero uses special technologies to hide wallet addresses and activities.

Read More: Best Payout Online Casinos Australia 2025– Highest Paying Australian Casinos

Monero’s Privacy Myth Busted By Leaked Video

by

Controversial crypto platform Monero [XMR] is facing renewed scrutiny over a leaked video of Chainalysis that claimed, “its transactions may be traceable.” Sparking concerns, the development highlights the ongoing struggle between privacy advocates and those seeking greater financial transparency.

The privacy-centric blockchain has been known for its untraceable transactions. However, an anonymous Reddit user, dubbed u/lt, shared screenshots allegedly from a leaked Chainalysis video. The leaked video supposedly shares information that detailed their tracking methods, including running “malicious” or rogue nodes spread across the globe. These nodes gather IP addresses and timestamps, allowing them to break through Monero’s privacy shield. This data, combined with “decoy” inputs, might compromise anonymity, according to u/lt.

Monero
Monero's Privacy Myth Busted By Leaked Video 5

Notably, after posting the sensational video detailing their tracking methods, the user quickly removed it. According to an insider, the Chainalysis researchers have been monitoring Monero since 2021. The Monero community, however, remains divided. 

Reacting to the news is security researcher Adam Cochran, who seemed unfazed. He believed that the initial Monero hype and Zcash criticism were orchestrated by a federal agency to promote the more traceable Zcash. He emphasizes that the privacy blockchain can offer superior security under specific conditions, but its privacy is situation-dependent and might not guarantee absolute anonymity.

If used perfectly correctly, in common balance amounts, with rounded numbers, at times of lots of tx, then XMR offers *more* security than a standard crypto. But it’s threat model dependent, and it is more about obscured privacy than actual dependable security.

Monero Community Responds

While some find the leak concerning and even question the true effectiveness of Chainalysis’ methods, others argue that the latter is simply doing its job of improving blockchain security. Monero transactions are viewed as probabilistically traceable by some experts, and AML [anti-money laundering] tools have existed for some time with this capability.

Having said that, the leak comes as the privacy chain faces increasing government scrutiny and crackdowns. XMR, the platform’s native token, suffered delisting from prominent crypto exchanges like Binance and Kraken.

Monero XMR’s Big Moment: Privacy Coin Controversy Explodes

by

Following the decision to sunset LocalMonero, a leading platform for trading Monero, XMR is back in the spotlight. Known for its focus on privacy, it has been experiencing a surge in discussions amid increasing government scrutiny and crackdowns on privacy-focused assets. This has raised concerns among the cryptocurrency community, sparking debates about the future of privacy-focused cryptocurrencies and their place in the ever-evolving landscape of digital assets.

In April, crypto exchange Kraken delisted XMR for users in Ireland and Belgium due to EU regulations against privacy-focused tokens. As per the then-official notice, trading and deposits will cease on May 10, with a complete delisting on June 10. At the moment, the remaining XMR will be auto-converted to Bitcoin. Ironically, this comes two months after Kraken tweeted, “Privacy is not a crime.”

Although the trading platform did not disclose the reason for the action, market observers expect the delisting to be mandatory due to the MiCA regulation [Markets in Crypto Assets], which will likely lead Kraken to delist Monero in other EU countries shortly thereafter.

On the other hand, the XRPLedger and its native asset XRP have also been making headlines. The XRPLedger, which is known for its fast and low-cost transactions, has seen a surge in discussions due to the recent volatility in the price of XRP. This volatility has led to increased interest and speculation among traders and investors.

Monero and XRPLedger’s Battle Against Regulatory Uncertainty

Additionally, Ripple, the blockchain company affiliated with XRP, has been in the news for its plans to launch a stablecoin. However, these plans have hit a roadblock as the stablecoin has been labeled as an “unregistered crypto asset” by regulatory authorities. This development has raised questions about Ripple’s plans and its ability to navigate the regulatory landscape.

Monero is being discussed at an abnormally high rate due to the announcement that LocalMonero is sunsetting as governments continue cracking down on XMR and other privacy-focused assets. XRPLedger is also seeing a high rate of discussion due to XRP price volatility and Ripple’s planned stablecoin being labeled as an “unregistered crypto asset.

Overall, both Monero and XRPLedger are facing challenges and uncertainties in the current cryptocurrency environment. The sunsetting of LocalMonero and the regulatory hurdles faced by Ripple highlight the complexities and regulatory challenges faced by privacy-focused assets and the cryptocurrency industry as a whole.

Kraken Delists Monero After Defending Privacy

by

In another blow to Monero, crypto exchange Kraken delisted XMR for users in Ireland and Belgium due to EU regulations against privacy-focused tokens. As per the official notice, trading and deposits will cease on May 10, with a complete delisting on June 10. At the moment, the remaining XMR will be auto-converted to Bitcoin. Ironically, this comes two months after Kraken tweeted, “Privacy is not a crime.”

Although the trading platform did not disclose the reason for the action, market observers expect that the delisting will be mandatory due to the MiCA regulation [Markets in Crypto Assets], leading Kraken to delist Monero in other EU countries soon thereafter.

Monero
Kraken Delists Monero After Defending Privacy 7

The series of delisting decisions made by major crypto exchanges has disappointed privacy advocates, who see these actions as giving in to regulatory pressures. Nikita Zhavoronkov, the head developer of Blockchair, remains defiant by describing Kraken’s announcement as a victory for crypto. Previously, he referred to Binance’s choice to delist XMR as “the best Monero ad imaginable.”

Monero Supporters Cheer ‘DEXclusivity’

The move has led Monero supporters to jokingly call XMR a “DEXclusive coin.” Some have quipped that XMR can’t even enter CEX-es with a visitor visa. Others praised the decision, saying that the more Monero is delisted from CEXs, the less speculation it will face and the less it will rely on the traditional system. It’s a challenging but necessary step towards separating money from the state.

The more Monero gets delisted from CEXs, the less speculation it gets, and the less and less it will depend on the legacy system. It’s a hard path but inevitable for the separation of money from the State.

As earlier reported by TronWeekly, Binance in January opted to remove the token after months of deliberation. This decision follows a broader trend of regulatory scrutiny and concerns over the potential misuse of privacy coins, which are specifically designed to enhance anonymity by concealing transaction details, including involved parties and amounts.

Before that, OKX, another significant player in the cryptocurrency exchange arena, declared its intention to delist 20 spot trading pairs in the upcoming year. Notably, this delisting encompasses three of the largest privacy-focused cryptocurrencies: Monero’s XMR, Zcash [ZEC], and Dash [DASH].

Monero Fan Touts ‘Best Ad’ After Binance Delisting Move

by

The spotlight is now on the privacy-centric cryptocurrency Monero [XMR], as major crypto exchanges, including Binance, opt for delisting after months of deliberation. This decision follows a broader trend of regulatory scrutiny and concerns over the potential misuse of privacy coins, which are specifically designed to enhance anonymity by concealing transaction details, including involved parties and amounts.

Recently, OKX, another significant player in the cryptocurrency exchange arena, declared its intention to delist 20 spot trading pairs in the upcoming year. Notably, this delisting encompasses three of the largest privacy-focused cryptocurrencies: Monero’s XMR, Zcash [ZEC], and Dash [DASH]. OKX has already halted deposits for these assets, and trading is slated to cease on January 5.

The announcement, issued last week, does not explicitly specify the reasons for delisting beyond stating that it is “based on feedback from users” and that the tokens “do not fulfill our listing criteria.”

Monero
Monero Fan Touts 'Best Ad' After Binance Delisting Move 9

The sequence of delisting decisions by leading crypto exchanges has left privacy advocates disheartened, perceiving these actions as yielding to regulatory pressures. Nikita Zhavoronkov, the lead developer of Blockchair, took a defiant stance by characterizing Binance’s announcement of delisting XMR as “the best Monero ad imaginable.” Binance had asserted that privacy coins like XMR, which resist compliance, are likely candidates for delisting in the coming month.

Monero, Zcash Debate Intensify

Blockchains should either be transparent or fully private; there’s no in-between. Just like Bitcoin miners censor OFAC addresses, Zcash miners may decide to censor all shielded transfers and still be rewarded. Monero miners don’t have this option.

Zhavoronkov presented a clear perspective, emphasizing that blockchains should either offer full transparency or complete privacy, with no middle ground. Drawing parallels, he noted that while Bitcoin miners might censor OFAC addresses, Zcash miners could potentially censor all shielded transfers and still receive rewards. In contrast, Monero miners lack this option.

Responding to a user’s comment on Monero’s privacy not being entirely foolproof, Zhavoronkov acknowledged the theoretical aspect but defended Monero’s default privacy feature. He stated that while users could reveal transactions using a private view key, the default setting of the privacy coin is private, distinguishing it from other cryptocurrencies. The nuanced debate underscores the complex interplay between technology, user behavior, and the evolving landscape of privacy-focused cryptocurrencies.

Monero confirms hard fork not required; funds aren’t at risk of being stolen

by

A significant bug was found by the developers of the privacy-centric cryptocurrency Monero that has the potential of exposing the occurrence of an output transaction conducted immediately after receiving funds. The bug in the Decoy system was first discovered by software developer Justin Berman when he observed that transaction destination to be identified.

According to Berman’s overview of the decoy selection algorithm, the bug led to “next to 0 chance of selecting extremely recent outputs as decoys.” This essentially means that if the Monero [XMR] users spend their tokens within the time period of 20 minutes of receiving them, there is a strong possibility that their transaction would be detected as a real transaction among the many fake ones.

Monero confirms full network upgrade not required

Since its very inception, the privacy-focused crypto-asset has always been controversial. The crypto naysayers have always targeted the asset and associated it with dirty money that disappears without a trace. Hence, many community members were concerned about their privacy and being exposed to malicious entities.

However, Monero’s official Twitter handle explained that the bug in question does not disclose addresses or transaction amounts. More importantly, the user funds were never at risk of being stolen. It also notified that until a fix can be implemented in a future wallet software update, users can significantly reduce the risk to their privacy by waiting one hour or longer before spending their newly-received XMR token.

According to the Twitter thread, Monero Research Lab and Monero developers are investigating the bug and will provide an update when wallet fixes are available.

Previously, several financial regulators across the globe have attempted to break Monero’s privacy. In 2020, the US Internal Revenue Service offered a bounty of up to $625k o anyone who can “reliably produce useful results on a variety of real-world CI cryptocurrency investigations” involving the crypto-asset.

Monero [XMR] To Come Across A Blip Before Making Its Way To $300

by

Privacy coins like Monero [XMR], Dash [DASH], and many others were sidelined during this bull run, thanks to the stringent laws against these assets. Nevertheless, most of these assets exhibited a laudable performance. Just when the overall market cap of the cryptocurrency industry hit a high of $1.60 trillion all the other assets were seen underpinning this trend. After a long stay within the top fifteen, Monero found itself slipping below the 20th position. Justin Sun’s TRX was also seen mirroring a similar course. However, during the time of writing, XMR had climbed up back into the eighteenth position was its market cap was recorded at $4.66 billion.

Over the last seven days, XMR bagged in gains of over 44% pushing the price of the privacy coin up to a high of $275. However, the altcoin retraced back to $261.42, during press time. The coin was seen witnessing a surge of 4.19% in the last 24-hours.

Monero [XMR] One-Hour Price Chart

Monero
Monero [XMR] To Come Across A Blip Before Making Its Way To $300 12

The short-term price chart of privacy coin XMR was seen accomodating the bears. After quite a long journey to the hilltop, XMR seems to be taking a breather. The Parabolic SAR indicator set a barricade above the candlesticks in the XMR market to prevent any possible upward breakout. The Awesome Oscillator, on the other hand, revealed the strong presence of bears by laying out red closing bars. The Relative Strength Index indicator was exhibiting a neutral notion in the XMR market with no major buying or selling activity.

Monero [XMR] One-Day Price Chart

download 57
Monero [XMR] To Come Across A Blip Before Making Its Way To $300 13

The Bollinger Bands used in the one-day price chart of XMR suggested that the coin was in for a surge in volatility. The MACD indicator had persisted the bullish crossover it had undergone earlier this month. The Money Flow Index indicator was seen gliding towards 80 median which suggested that the altcoin was being overbought.

While the all-time high of XMR was $495.84, which was achieved by the coin about three years ago, the bulls in the XMR market revealed that $300 was attainable.

Monero [XMR] Tries To Fend Off Bears As Bulls Try To Enter Its Market Despite Bittrex Delisting

by

Bitcoin finally broke $30K. Several assets followed the trail of this unstoppable coin. However, it was a bad day for Monero [XMR] and other privacy coins. While XRP continued its journey downhill, Monero [XMR], Zcash [ZEC], and Dash [DASH] accompanied the asset. Prominent cryptocurrency exchange, Bittrex waved goodbye to the aforementioned assets which led to the plummet of these assets. Dash was dipping by over 12% while Zcash was nosediving by 10%. Dogecoin [DOGE] was seen catching up with Bitcoin as the asset was rising up by over 43%.

At the time of writing, privacy coin Monero [XMR] was trading for $138.75 with a 15.55% drop over the last 24-hours. Back in the day, XMR was one of the top ten coins, however, several coins prevailed and XMR was left trying to most past the tenth place. The market cap of XMR was at $2.6 billion which helped the asset retain a place as the sixteenth largest coin. 

Monero [XMR] One Hour Price Chart

Monero

The one-hour chart of XMR revealed that the altcoin was still dwelling in the bearish region. The volume during the recent downward breakout was seen notably high. The 50 daily moving average [blue] was above the 100 daily moving average [red] was is a bullish crossover. However, the 50 daily moving average was above the candlesticks which are considered a bearish sign.

Monero [XMR] Price Chart With Indicators

Monero

Certain indicators restored hope in the XMR market as the Bittrex announcement had caused great damage to the privacy coin. The Parabolic SAR indicator welcomed the bulls after laying out dotted lines below the candlesticks. These lines are bound to act as a barrier to any possible downward breakout. The Chaikin Money Flow indicator was seen swimming towards zero away from the bearish realm. The Awesome Oscillator yelled bulls by forming strong green closing bars. XMR could possibly reverse its downtrend and bag gains in the ongoing bull run.

Bittrex Says Sayonara To Monero And Other Prominent Privacy Coins

by

Bittrex made news earlier this week after it decided to suspend trading services for XRP. The crypto exchange is once again making news after it bid adieu to popular privacy coins. The cryptocurrency industry started out as a station free from any scrutiny from the government or any form of regulation. However, it seems like that’s all in the past now as regulations are getting more severe which has coerced several crypto exchanges to comply by the regulators. Bittrex seems to be getting on the good books of financial watchdogs with its latest act.

Bittrex Kicks Out XMR, ZEC As Well As DASH

Back in 2019, the FATF’s travel rule shook the crypto world. Prominent privacy coins like Monero [XMR], Zcash [ZEC] along Dash [DASH] was subject to immense unrest after the financial regulators categorized these assets as a medium for illicit activities. The hidden traction details posed as a huge drawback for these coins. While several exchanges were considering delisting privacy coins, irrespective of their popularity, Bittrex went ahead and announced the same.

In a recent tweet, Bittrex revealed that it intended to delist Monero, ZCash, and Dash on 15 January at 23:00 UTC. The tweet read,

The exchange’s blog post did not reveal the exact reason for the removal of these assets, it suggested that its regulatory standards, as well as compliance-related problems, could pave the way to the delisting of assets. On 15 January, all pairs that users were trading the aforementioned privacy coins would be nonexistent. The blog post further read,

“After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline.”

The crypto exchange affirmed that users could withdraw their tokens unless the exchange is subject to technical difficulties.

This announcement led to an array of downfall. Privacy coin Monero was seen dropping by over 17% at the time of writing, thanks to the Bittrex delisting news. At press time, the coin was priced at $136.80. DASH and Zcash were also following suit as these assets plummeted by 13.33% and 11.16% in the last 24-hours.