ETH eyes $4,200 after bouncing back from recent low


Ethereum Forecast: Can ETH hit $5K before October? Whales load ETH tokens

Key takeaways

  • Ether is down 2% in the last 24 hours and is now trading below $4k.
  • The bearish performance comes after Wednesday’s FOMC.

Ether drops below $4k on FOMC news

Ether, the second-largest cryptocurrency by market cap, has turned bearish after losing 2% of its value in the last 24 hours. The bearish performance saw Ether temporarily drop to the $3,800 mark, but it is now approaching $4k.

Yesterday’s sell pressure came after the FOMC meeting, with the Federal Reserve cutting interest rates by 25 basis points. However, Fed Chair Jerome Powell revealed that the apex bank will end quantitative tightening on December 1st. 

This means that the Fed will reduce the financial assets it holds on its balance sheet by selling them into the financial markets, which decreases asset prices and raises interest rates. With this, it is highly unlikely that the Fed will cut interest rates in its next FOMC meeting in December.

Ethereum’s Fusaka upgrade, slated to bring increased scalability and security improvements, successfully debuted on Hoodi on Tuesday, the third and final testnet before mainnet launch. This launch didn’t push ETH’s price higher in the near term due to the broader crypto market volatility. 

ETH could bounce back above $4,200 soon

The ETH/USD 4-hour chart remains bearish and efficient as Ether is down 2% in the last 24 hours. It is now trading at $3,939 per coin and could rally higher in the near term. 

 

The technical indicators remain bearish but are showing signs of recovery following the recent dip. The RSI of 46 shows that the bearish trend is fading, with the bulls set to push its price higher over the next few hours and days. The MACD lines are also within the negative territory after flashing a sell signal on Wednesday.  

If the recovery continues, ETH could reclaim the resistance level at $4,232 over the next few hours or days. An extended rally would allow ETH to hit the 4-hour ILQ at $4,409. However, failure to climb above $4,200 in the near term could see ETH retest the $3,800 low in the coming hours or days.



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How a Bangkok arrest cracked open the $31 million FINTOCH crypto fraud


Thai police arrest a Chinese national in Bangkok for a $31 million FINTOCH crypto scam, exposing cross-border DeFi fraud challenges.
  • The FINTOCH platform falsely claimed ties to Morgan Stanley and promised 1% daily returns.
  • Investigators found $31.6 million in USDT moved across Binance Smart Chain, Tron, and Ethereum.
  • Liang lived alone in a luxury Bangkok home, where police found an illegal firearm.

Thai and Chinese authorities have arrested a Chinese national in Bangkok linked to one of the largest decentralised finance scams of 2023.

The suspect, identified as Liang Ai-Bing, was detained over his alleged role in a cryptocurrency Ponzi scheme that defrauded nearly 100 investors of more than $31 million.

The case, involving the FINTOCH platform, as per a BeInCrypto report, exposes how cross-border coordination and blockchain analysis are reshaping global efforts to combat crypto-related crimes.

Inside the FINTOCH scam

Liang Ai-Bing was arrested on Wednesday in an upscale Bangkok neighbourhood after a coordinated intelligence operation between Thai and Chinese authorities.

The FINTOCH platform, also known as Morgan DF Fintoch, operated between December 2022 and May 2023, falsely marketing itself as a legitimate decentralised finance project.

It claimed to be affiliated with global investment bank Morgan Stanley — an association that Morgan Stanley publicly denied in 2023.

The fraudulent platform promised investors daily returns of 1% and presented a fictional chief executive named Bob Lambert, whose photo turned out to be that of an American actor, Mike Provenzano.

The Monetary Authority of Singapore had already issued a warning about the platform in early May 2023, weeks before it vanished with millions in investor funds.

Investigators later revealed the scam was orchestrated by five individuals, including Liang.

The other suspects were identified as Ai Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun.

While Zuo was detained in China and later released on bail, the remaining suspects fled across borders after the exit scam in May 2023.

Blockchain trail and digital evidence

On-chain investigator ZachXBT first exposed the scam in May 2023, tracking suspicious fund movements across multiple blockchains.

His research found that the FINTOCH team withdrew $31.6 million in USDT from Binance Smart Chain and later transferred it through the Tron and Ethereum networks.

Victims soon discovered they could no longer access their accounts or withdraw funds.

Data from Immunefi, a crypto bug bounty platform, showed that the FINTOCH case contributed to a 63% rise in cryptocurrency-related losses in the second quarter of 2023 compared to the same period the previous year.

When Liang was arrested, authorities found he had been living alone in a rented three-storey property in Bangkok’s Wang Thonglang district since late 2023.

The monthly rent for the residence was approximately $4,645.

During the search, police also seized an illegal firearm, leading to additional charges for unlawful entry and possession of a weapon.

Cross-border enforcement and extradition

The FINTOCH investigation has highlighted the growing complexity of prosecuting cryptocurrency crimes that transcend national borders.

Thai police worked closely with Chinese authorities to trace Liang’s movements after he fled mainland China, frequently shifting locations to avoid capture.

Discussions are underway to extradite him to China, where he will face fraud charges.

The case has also renewed attention on regulatory gaps surrounding decentralised finance platforms.

Unlike traditional financial institutions, DeFi projects often operate across multiple jurisdictions without clear oversight.

This enables bad actors to exploit legal loopholes and evade accountability.

Authorities in other countries are also cracking down on similar scams.

In October 2025, US officials announced they were seeking to seize 127,271 BTC — valued at over $14.2 billion — from Chen Zhi, founder of Cambodia-based Prince Holding Group.

The case involved “pig butchering” scams, where victims were coerced into fraudulent crypto investments under threat or manipulation.

The FINTOCH case underscores both the potential and the limitations of blockchain transparency.

While transaction records helped investigators track stolen assets, the speed of execution and lack of immediate regulation continue to make recovery difficult.

The nearly two-year gap between the May 2023 scam and Liang’s October 2025 arrest illustrates how international cooperation and forensic blockchain analysis are becoming essential in tackling DeFi-related crimes.



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Binance Leads Bitcoin Spot Volume Rebound With $174 Billion in October


Key points:

  • Bitcoin spot market trading volume hits $300 billion in volatile October 2025.

  • Binance leads the pack with $174 billion traded, new research reveals.

  • Traders are exhibiting “highly constructive” behavior regarding future market stability.

Bitcoin (BTC) exchanges saw a giant $300 billion in spot trading volume during “Uptober” 2025.

New data from the onchain analytics platform CryptoQuant shows that despite BTC price lows, the market remains “healthy.”

Binance leads Bitcoin spot volume rebound

Bitcoin exchanges experienced no let-up in spot trading volume this month, despite the price dropping nearly 20% from its all-time high.

Gathering spot-market data from across global exchanges, CryptoQuant reveals that, so far in October, the total spot volume tally exceeds $300 billion.

“This October has seen a renewed surge of interest in the spot market, particularly on Binance,” contributor Darkfost wrote in one of its “Quicktake” blog posts. 

“Major exchanges recorded more than $300B in Bitcoin spot volume this month, with $174B coming from Binance alone, making it the second-highest month of the year.”

Bitcoin spot trading volume. Source: CryptoQuant

The figures are important for Bitcoin bulls, as a spot-driven market tends to become more resistant to short-term volatility than one where derivatives account for the majority of volume.

“This trend highlights growing participation from both retail traders and institutional players, who appear increasingly active on the spot side,” Darkfost added.

BTC spot volume trend “highly constructive”

As Cointelegraph reported, Bitcoin’s rapid descent from all-time highs earlier in the month wiped out a significant chunk of derivatives open interest (OI).

Related: Bitcoin vs. history: BTC price teases 7% gains as ‘golden week’ ends

Bitcoin futures open interest (screenshot). Source: CoinGlass

The event also liquidated a record $20 billion of long and short positions, with commentators suspecting that the actual total was far higher.

CryptoQuant now argues that traders have shifted back to spot markets as a result.

“This is a highly constructive signal,” the blog post concluded. 

“A market driven more by spot trading rather than derivatives is generally healthier, more stable, as it less vulnerable to extreme volatility driven by excessive open interest expansion. It also reflects stronger organic demand and greater overall market resilience.”

Since the dip, leveraged traders have variously won and lost big as a result of market fluctuations.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.