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DOJ opens a formal compensation claims portal for OneCoin victims

  • The US DOJ opens claims process for OneCoin victims.
  • Over $40 million in seized funds are available for distribution.
  • Deadline for filing claims set for June 30, 2026.

The US Department of Justice has launched a formal compensation claims portal for victims of the OneCoin scheme, marking a new phase in one of the largest crypto-related fraud cases ever uncovered.

The move comes years after the collapse of OneCoin, a project that attracted millions of investors worldwide with promises of high returns from a digital currency that was later exposed as fraudulent.

Many people from different countries were left with significant financial losses after the scheme unravelled, leading to extensive criminal investigations and asset seizures across multiple jurisdictions.

Now, with a dedicated compensation process in place, the focus has shifted toward distributing recovered funds back to those who were harmed.

The scale of the OneCoin fraud and how it unfolded

OneCoin operated between 2014 and 2019, presenting itself as a revolutionary cryptocurrency investment opportunity.

It was heavily promoted through aggressive marketing campaigns and a wide network of recruiters who encouraged individuals to buy into what was described as a fast-growing digital asset.

However, authorities later determined that OneCoin did not function like a real cryptocurrency. Instead of operating on a transparent blockchain network, it relied on centralised systems controlled by the people behind the project.

Despite this, it continued to attract investors globally, but it ultimately crashed in 2019, leading to losses believed to reach into the billions of dollars.

Estimates of total losses vary, but the figure is commonly placed at around $4 billion, with some assessments suggesting even higher exposure when accounting for global investor participation.

The scale of the fraud made it one of the most significant financial fraud investigations tied to the digital asset space.

Over time, law enforcement agencies were able to trace and seize assets linked to individuals involved in the scheme, and these recovered funds form the basis of the compensation program announced by the US Department of Justice.

How the compensation claims process will work

The newly launched claims portal is designed to allow victims of OneCoin to formally submit requests for compensation.

The process is structured as a remission program, which means that money recovered from seized assets will be redistributed to eligible victims based on verified losses.

To qualify, individuals must show that they invested in OneCoin during the operational period between 2014 and 2019. They must also demonstrate a net financial loss.

This means that any funds previously withdrawn or recovered will be deducted from the total amount claimed to determine eligibility.

Notably, the total pool of available funds for distribution currently stands at over $40 million.

While this is a significant amount, it represents only a small fraction of the overall losses suffered by investors globally.

As a result, any payouts are expected to be partial and distributed proportionally among approved claimants.

The deadline for submitting claims has been set for June 30, 2026. After this date, no new applications will be accepted, and the distribution process will move forward based on verified submissions.

For many affected investors, the opening of a claims process offers a long-awaited opportunity to recover at least part of their lost funds.

Although the available compensation is limited compared to total losses, it represents a formal acknowledgement of harm and an effort to return seized assets to their rightful owners.

The post DOJ opens a formal compensation claims portal for OneCoin victims appeared first on CoinJournal.

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Cardano price forecast: ADA eyes $0.30 as bulls tap Bitcoin momentum

  • Cardano traded around $0.24 as bulls looked to bounce higher.
  • Bitcoin’s uptick could boost ADA price to above $0.30.
  • ADA trends with bearish bias and entrenched bears could plunge prices to new lows.

Cardano (ADA) price is up nearly 3% on Tuesday morning, trading around $0.24 as bulls struggle to mirror broader market gains.

While Bitcoin and Ethereum have climbed above $74,700 and $2,300 respectively, to hit multi-week highs, ADA is hovering at a key supply zone following a recent sharp pullback.

However, could ADA shed the bearish bias and ride a broader upside momentum? Or are bears so entrenched to leave Cardano facing deeper losses?

Cardano price today

ADA has gained about 3% over the past 24 hours, reaching $0.24 amid selective altcoin strength.

In comparison, Bitcoin surged over 5% to $74,552, Ethereum hovered near $2,194 after a minor dip, and Solana traded around $80 with limited upside.

Cardano derivatives data points to a slight bullish shift, with funding rates flipping positive in recent sessions and open interest climbing to roughly $436 million from $405 million on April 6.

This uptick in open interest reflects growing trader interest, though volumes remain cautious below recent peaks.

Bulls are defending the $0.24 zone, but failure here could trigger profit-taking aligned with broader market volatility.

ADA technical outlook

Cardano’s price action shows resilience at current levels, testing the upper trendline of a descending channel on the daily chart.

The token sits near its 50-day exponential moving average around $0.26, a pivotal level for any sustained recovery.

Holding above $0.24 keeps short-term hopes alive, bolstered by improving derivatives sentiment.

Yet, the broader technical picture leans bearish on higher timeframes, with RSI lingering below 50 and signaling potential for deeper pullbacks.

Cardano Price Chart
Cardano price chart by TradingView

Cardano price forecast: Can ADA jump to $0.30?

Cardano may be struggling, but ADA has continued to attract dip-buying.

An example is wallets with at least 10 million ADA tokens, which have recently jumped to a 4-month high.

Santiment pointed to a 5.2% rise in 9 weeks, significantly up since prices bottomed on February 5, 2026.

Whale activity suggests a push to $0.30 remains plausible.

If ADA taps Bitcoin’s momentum, targeting the 100-day EMA as key overhead resistance.

Bulls have retested the level on four occasions since early February, with price consolidating at current levels over the past week.

Breaking the 50-day EMA at $0.26 first would validate the above outlook, potentially drawing in fresh longs amid rising open interest.

At the moment, positive funding rates further support the scenario, with further strength likely if shorts continue to pay longs.

On the flip side, entrenched bears could dominate if $0.24 gives way, eyeing notable support near $0.22. This will align the altcoin with channel downside projections.

The post Cardano price forecast: ADA eyes $0.30 as bulls tap Bitcoin momentum appeared first on CoinJournal.

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Chainlink price analysis: can bulls push LINK above $10 amid crypto gains?

  • Chainlink price rose to highs of $9.42 as LINK mirrored broader gains.
  • Bitcoin’s surge to $74,500 could embolden LINK bulls to challenge resistance around $10.
  • The supply zone has capped upside for months.

Chainlink (LINK) price is once again pressing into the robust supply zone near $10, with intraday gains to $9.42 outlining bulls’ intentions.

Despite sentiment around most altcoins being cautiously optimistic, largely due to what happens next after Bitcoin’s upswing to $74,500, gains for LINK above $9.50 could see buyers target $12.

In this case, the 80% jump in daily volume may indicate an upbeat outlook, particularly if the bellwether asset BTC pumps further.

​Chainlink tests resistance amid broader market gains

​The Chainlink price is up nearly 6% in the past 24 hours, joining the rest of the market in riding the upside momentum in BTC.

However, LINK has notably underperformed the wider market over the past months, repeatedly failing to secure a sustained break above the $9.40-$10 area.

​The underperformance has held despite the project’s steady stream of ecosystem milestones and integrations.

Amid this outlook is the token’s rebound from a nearby demand zone, but it continues to face heavy pressure as bulls pare gains seen as prices rose to $9.42.

The region thus remains key to sellers who have consistently faded rallies and defended prior breakdown levels.

​At the same time, analysts view $10 as a decisive short‑term line in the sand: bulls need a clean daily close above this level.

If this is backed by strong volume, it could flip market structure from defensive to constructive and open a path toward the $11.5-$12 region.

Until that happens, the prevailing pattern of lower highs since November keeps bulls on the back foot and allows bears to reassert control on every test of resistance.

​Chainlink price: Technical analysis

​On the technical front, Chainlink is trading near a key inflection zone, with several indicators hinting that downside momentum is waning even as resistance remains firm.

Lower time‑frame charts show prices attempting to build a base above recent demand.

​LINK’s Bollinger Bands setup indicates the bands have compressed significantly, a classic precursor to a reversal.

​Meanwhile, higher time frames highlight constructive setups, including a golden cross pattern.

The MACD continues to hover around or slightly above the zero line, a posture that typically accompanies early trend reversals rather than deep distribution.

Chainlink Price Chart
Chainlink price chart by TradingView

For the immediate outlook, traders are likely to watch immediate resistance at $9.50-$10.

The area marks the region where repeated rejections have formed a tight supply wall.

Near-term support lies around the $8 zone, which may be revisited if a broader pullback hits crypto.

The post Chainlink price analysis: can bulls push LINK above $10 amid crypto gains? appeared first on CoinJournal.

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Hyperliquid (HYPE) price continues to surge, targeting $50 Mark


Key takeaways

  • Hyperliquid is up 8% in the last 24 hours, maintaining its position in the top 10.
  • The coin could rally towards the $50 psychological level if the bullish sentiment persists.

Hyperliquid (HYPE) continues its upward momentum, trading above $44 as of Tuesday after an 8% surge on the previous day. With strengthening on-chain data, favorable derivatives metrics, and technical analysis pointing to further gains, the outlook for HYPE remains bullish, with a target of $50 in sight.

Bullish Sentiment Backed by On-Chain and Derivatives Metrics

On-chain data from CryptoQuant suggests a strong buy-side dominance in both Hyperliquid’s spot and futures markets, with cooling conditions indicating a favorable environment for a potential price rise. The market shows mostly neutral conditions across other metrics, reinforcing the possibility of an upside move.

On the derivatives front, CoinGlass data reveals that HYPE’s futures Open Interest (OI) has surged to $1.96 billion on Tuesday, up from $1.5 billion on April 3. This steady rise in OI points to new capital entering the market, which could propel HYPE’s price higher. This is the highest level of futures OI seen since early November.

Moreover, CoinGlass’ long-to-short ratio for HYPE stands at 1.04, signaling a predominantly bullish sentiment in the market, as more traders expect the price to rally.

Price Forecast: HYPE bulls target $50

The HYPE/USD 4-hour chart is extremely bullish and efficient. HYPE’s price has extended its gains, surpassing the March high of $43.75 and reaching above $44 on Tuesday. If the upward trend continues, HYPE could target the October 30 high of $50.15.

The Relative Strength Index (RSI) on the daily chart is currently at 69, indicating strong bullish momentum as it moves toward overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) indicator recently showed a bullish crossover on April 10, further supporting a positive outlook for HYPE.

Should HYPE experience a pullback, it could find support near the psychological $40 level. However, the prevailing market conditions suggest a strong potential for further upside, with $50 being the next major resistance.

The post Hyperliquid (HYPE) price continues to surge, targeting $50 Mark appeared first on CoinJournal.

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Bitcoin holds steady above $74K as US blocks hormuz amid Iran talks


Key takeaways

  • BTC is approaching $75,000 after adding nearly 5% to its value since Monday.
  • The rally comes despite the ongoing crisis in the Middle East.

Bitcoin (BTC) has stabilized above $74,000 as of Tuesday’s press time, following a 5% rally the previous day. This price surge comes as the US enforces a blockade on the Strait of Hormuz during ongoing peace talks with Iran. US Vice President JD Vance hints at a grand deal in the works, demanding an end to Iran’s nuclear ambitions.

Market sentiment recovers with $500M in liquidations

The broader cryptocurrency market is seeing a recovery, with over $500 million in liquidations across the last 24 hours, primarily driven by short squeezes. Aave (AAVE), Algorand (ALGO), and Ethereum (ETH) are leading the charge in the market’s upward momentum.

As negotiations between the US and Iran progress, the US military has started blocking the Strait of Hormuz, halting the movement of transiting ships. Vice President JD Vance emphasized that the situation is now in Iran’s hands, with the primary focus of US talks being Iran’s nuclear material exit and halting uranium enrichment. Former President Donald Trump also commented that “the other side” has approached him for a deal.

The peace talks appear to be fueling a “risk-on” sentiment, especially in the cryptocurrency market. According to CoinGlass data, the last 24 hours saw $531 million in liquidations, with $426 million attributed to short liquidations. This massive short squeeze indicates a major bearish wipeout.

Bitcoin is approaching key resistance levels

The BTC/USD 4-hour chart remains bearish and efficient despite the recent rally. Bitcoin remains in a neutral-to-bullish trend, holding above its 50-day Exponential Moving Average (EMA) at $71,019. However, it is still capped below the 100-day EMA at $75,309.

Immediate resistance lies near the 100-day EMA and the 23.6% Fibonacci retracement level at $75,623, from a previous downtrend spanning $126,199 to $60,000. A daily close above this range would signal potential upward movement, with the next target being the 200-day EMA at $82,936, followed by the 50% Fibonacci retracement at $93,099.

BTC/USD 4H Chart

Market momentum is favoring the bulls, with the Relative Strength Index (RSI) at around 62 and the Moving Average Convergence Divergence (MACD) in positive territory, both suggesting upward pressure is gaining traction.

On the downside, Bitcoin’s initial support is found at the 50-day EMA around $71,019. A break below this support could weaken the current bullish momentum and push the price lower, potentially testing the Fibonacci support level near $60,000.

The post Bitcoin holds steady above $74K as US blocks hormuz amid Iran talks appeared first on CoinJournal.