Market
Linea’s Blockchain Halt Ignites Decentralization Debate

The recent halt of Linea’s blockchain has ignited discussions about its commitment to decentralization as an Ethereum Layer-2 (L2) solution.
Significant security concerns drove the decision, and industry experts weighed in on the implications for the project’s decentralized future.
Linea’s Effort in Balancing Decentralization and Security
Following Linea’s decision to halt block production, Alex Gluchowski, CEO of Matter Labs, emphasized the importance of decentralization in L2 projects. He noted that central control could undermine the principles that Ethereum L2 projects aim to uphold.
“Decentralizing the sequencer isn’t optional. Every serious L2 stack must race to do first,” he said.
Responding to Gluchowski’s statement, Declan Fox, the Product Lead at Linea, asserted their commitment to decentralizing all aspects of their network. Fox expressed confidence in their progress despite being a newer project compared to others.
Read more: Layer-2 Crypto Projects for 2024: The Top Picks
“Agree that decentralization is not an option. Linea is on a solid path to decentralizing all aspects of the network in a very aggressive time window. Given that many Rollup frameworks more than 2 years older than us are no further ahead, I’m pretty delighted with our pace,” Fox stated.
The Linea team also affirmed its commitment to decentralize its network, including the sequencer. They highlighted that achieving a decentralized, censorship-resistant environment would prevent them from halting block production or censoring addresses in the future.
“Linea’s goal is to decentralize our network—including the sequencer. When our network matures to a decentralized, censorship-resistant environment, Linea’s team will no longer have the ability to halt block production and censor addresses—this is a primary goal of our network. Most L2s, including Linea, still rely on centralized technical operations, which can be leveraged to protect ecosystem participants. Linea’s core value is a permissionless, censorship-resistant environment, so it was not a decision we took lightly,” the team wrote.
Linea stopped its blockchain activities after a security breach occurred on Velocore, a decentralized exchange (DEX) that operates on its network. The breach led to the unauthorized transfer of $2.6 million from the Linea network via an undisclosed bridge service.
Linea suspended its sequencer to prevent the attacker from illegally moving more assets, as they could not reach the Velocore exchange team in time. Additionally, Linea blocked the hacker’s addresses to minimize the impact on its users.
Linea defended its actions, stating that the hacker was starting to sell a significant amount of tokens for ETH. This could have led to additional user problems beyond the liquidity pool-draining exploit.
Despite the controversy, Yu Xian, founder of cybersecurity firm SlowMist, defended the suspension. He argued that it was plausible considering the project’s early stage. Furthermore, Xian stressed the importance of ensuring robust security before achieving full decentralization.
“Choosing to suspend itself and blacklist the L2 of the relevant address to stop the loss of an ecological project being hacked is understandable in the early stage, but it will become more and more impossible as time goes by. The challenges of security and trust are so great,” Xian opined.
Read more: Crypto Project Security: A Guide to Early Threat Detection
Throughout history, there have been cases where developers have temporarily stopped their blockchain operations in response to major security breaches. For instance, in 2022, Binance’s BNB Chain was halted in response to a debilitating bridge hack worth $566 million. Despite the debate, many regard these measures as essential to safeguard the network’s integrity and user security.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Strategic Move for Trump Family in Crypto

Energy infrastructure platform Hut 8 Corp has partnered with US President Donald Trump’s sons, Eric Trump and Donald Trump Jr., to launch American Bitcoin Corp.
The company is dedicated to industrial-scale Bitcoin mining and developing a strategic reserve.
All You Need to Know about American Bitcoin
American Bitcoin’s leadership team includes Mike Ho as executive chair, Matt Prusak as CEO, and Eric Trump as CSO. The Board of Directors comprises Mike Ho, Asher Genoot (also Hut 8 CEO), Justin Mateen, and Michael Broukhim.
According to the announcement, Hut 8 holds an 80% ownership stake in American Bitcoin. This follows the contribution of its ASIC miners to American Data Centers Inc., a company formed by investors including the Trump brothers.
Subsequently, they renamed and relaunched the entity as American Bitcoin. As a new subsidiary focused on industrial-scale Bitcoin mining, this move aims for an efficiency of 50+ EH/s (exahashes per second). Meanwhile, Hut 8 remains the key infrastructure partner, consolidating financials under its brand.
Eric Trump, co-founder and chief strategy officer of American Bitcoin, expressed enthusiasm about the collaboration. He also emphasized the synergy between Hut 8’s operational excellence and shared passion for decentralized finance (DeFi) as a foundation for significant future growth.
“…By combining Hut 8’s proven operational excellence in data centers with our shared passion for Bitcoin and decentralized finance, we are poised to strengthen our foundation and drive significant future growth,” an excerpt in the announcement read, citing Eric Trump.
Donald Trump Jr. highlighted their longstanding commitment to Bitcoin, noting their conviction in Bitcoin personally and through their businesses. He reiterated the opportunity presented by mining Bitcoin under favorable economics and the potential for investors to participate in Bitcoin’s growth through this new platform.
Similarly, Genoot described the launch of American Bitcoin as a pivotal evolution in their platform strategy. By establishing a standalone entity for mining operations, Hut 8 aims to align each business segment with its respective cost of capital. Specifically, they would create two focused yet complementary companies.
Meanwhile, this venture is part of the Trump family’s broader engagement in the crypto industry. World Liberty Financial, the crypto venture linked to the Trump family, recently launched USD1. US treasuries, dollars, and cash equivalents back the stablecoin. The venture aims to facilitate secure cross-border transactions for investors and institutions.
Furthermore, reports indicate that the Trump family is discussing acquiring a stake in Binance.US. This is the American arm of the world’s largest cryptocurrency exchange, Binance. Given the family’s growing involvement in the sector, such an investment could significantly influence the crypto market.
These initiatives reflect the Trump family’s commitment to positioning the US at the forefront of the crypto industry. It also aligns with President Donald Trump’s ambition to establish the US as a global leader in digital assets.
“While people are worrying about the daily price action, President Trump and Eric Trump are building the infrastructure to take crypto to the next level,” crypto investor Gordon noted.

BeInCrypto data shows BTC was trading for $82,199 as of this writing. It is down by over 1.13% in the last 24 hours, unmoved by news of American Bitcoin. However, this could change once US markets open.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Don’t Fall for These Common Crypto Scams

ZachXBT, a well-known blockchain investigator, recently shared two key “minimum checks” on Telegram to avoid crypto scams.
He emphasized that users must accept full financial responsibility if they take risks in these situations and added that recovering lost funds would be extremely difficult.
Evaluating a Project’s Credibility is Crucial
ZachXBT highlighted two critical scenarios: depositing funds into forked DeFi protocols on newly launched EVM chains and getting scammed by projects with few smart followers on Kaito.
“If you make either of these decisions, it is your own personal choice to risk funds, and I will NOT help you,” ZachXBT stressed.
Many newly launched DeFi protocols on EVM chains are replicas of existing ones. Their teams often do not create original code but instead, fork from established protocols. This process requires minimal technical skills yet introduces significant security risks.
A recent incident highlighted the risks in the DeFi space. The DeFi protocol SIR.trading was reportedly hacked, leading to an estimated loss of $350,000. Despite the project’s documentation promoting it as a “new DeFi protocol for safer leveraged trading,” it acknowledged the risks related to smart contract vulnerabilities.
This case illustrates how new DeFi protocols often become targets for hackers. Additionally, in late March, the DeFi lending protocol Abracadabra suffered a loss of approximately $13 million due to an exploit involving collateralized tokens.
The second situation ZachXBT warned about involves getting “rugged” (falling victim to a rug pull) by projects with few smart followers on Kaito. Kaito is an AI-powered analysis tool that measures real community interest. He advised that checking followers’ numbers and quality is a basic step to avoid falling for projects that use fake engagement or empty marketing hype.
Investor Xero agreed with ZachXBT, stating that Kaito can be a credibility assessment tool.
“Kaito has become an amazing security and reputation tool that I value over others. It can help you identify an impersonator or a new rug project fast. If a 40k+ follower project isn’t connecting with real smart followers, it’s not legit,” Investor Xero commented.
Other Emerging Crypto Scams
In addition to ZachXBT’s warnings, several new scam tactics have recently been flagged.
Investor Jerome warned about a scheme that exploits browsers’ automatic download function to trick users into downloading malicious software.
Another method involves scammers creating and sending small transactions. They would be often as little as 0.001 tokens—using fake wallet addresses that closely resemble legitimate ones. Their goal is to deceive users into copying and pasting the fraudulent address when making future transactions.
Additionally, Microsoft has identified StilachiRAT, a new remote access trojan specifically designed to target cryptocurrency wallets and login credentials.
According to a Chainalysis report, from 2021 to 2024, decentralized finance (DeFi) platforms have been the primary targets of crypto hacks.

The report explains that DeFi platforms may be more vulnerable because developers prioritize rapid growth and launch over security measures. This lack of security focus makes them prime targets for hackers.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
This Is How Dogecoin Price Reacted To Elon Musk’s Comment

Dogecoin has faced a series of setbacks recently, including a failed breakout attempt that led to a decline in its price. This downward movement was further exacerbated by a recent comment from Elon Musk, which cast doubt on Dogecoin’s future.
However, despite these challenges, the altcoin is showing some signs of recovery, largely driven by long-term holders (LTHs) who accumulate more DOGE at current low prices.
Dogecoin Is Facing Mixed Signals
Dogecoin’s Network Value to Transaction (NVT) ratio has spiked significantly, reaching a three-month high. This suggests that the network’s value does not match the number of transactions, pointing to a possible lack of investor confidence.
Elon Musk’s recent comment regarding DOGE further fueled the discourse surrounding the cryptocurrency. He clarified that the US government does not intend to use Dogecoin in any form, which led to some negative sentiment. This statement dampened expectations for the coin, although it hasn’t completely derailed its market standing.

The macro momentum of Dogecoin shows signs of stabilizing, as evidenced by the recent spike in the HODLer Net Position Change. LTHs have been actively accumulating DOGE during the recent dip, which indicates strong conviction among these holders.
This accumulation provides a level of support, potentially helping the coin recover and preventing further price declines. The increased position change suggests that LTHs are confident in the long-term viability of Dogecoin despite recent market turbulence and Musk’s controversial comment.
This continued accumulation by LTHs could lead to a floor forming under Dogecoin’s price, providing a buffer against further bearish pressures. As the market stabilizes and sentiment shifts, these holders could become a driving force that will trigger the next upward movement.

DOGE Price Stumbles, But Can It Recover?
Dogecoin is currently trading at $0.163, with the price just below the support level of $0.164. Over the last five days, the coin has experienced a 16% decline following a failed attempt to break through the $0.198 resistance level. This failure to breach key resistance levels indicates that DOGE may not experience immediate price gains without external catalysts.
Given the current market conditions, it’s likely that Dogecoin will not experience significant declines in the near future. The coin may reclaim $0.164 as support and continue consolidating just below the $0.198 resistance. However, this consolidation could persist until stronger market cues emerge to push the price higher.

The only scenario in which this bullish-neutral outlook would be invalidated is if Musk’s comment causes further damage to DOGE’s price. In that case, the meme coin could dip to $0.147, extending its recent losses. A sustained downturn would signal more negative sentiment in the market and potentially halt Dogecoin’s recovery.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Ethereum24 hours ago
Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details
-
Ethereum23 hours ago
Whales Accumulate 470,000 Ethereum In One Week – Bullish Momentum Ahead?
-
Bitcoin24 hours ago
Gold Keeps Outperforming Bitcoin Amid Trump’s Trade War Chaos
-
Market22 hours ago
3 Token Unlocks for April: Parcl, deBridge, Scroll
-
Regulation20 hours ago
Japan Set To Classify Cryptocurrencies As Financial Products, Here’s All
-
Market19 hours ago
Top 3 Made in USA Coins to Watch This Week
-
Altcoin23 hours ago
Analyst Reveals Why The XRP Price Can Hit ATH In The Next 90 To 120 Days
-
Market18 hours ago
Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control