Protect your encryption assets from SMS tricks Flash news details

On April 23, 2025, Binance CEO, Richard Ting, issued a warning about the emergence of fraud targeting SMS targeting users of cryptocurrencies. According to the Binance Blog Blog, these frauds include fraudulent text messages that simulate the legitimate contacts from the stock exchanges, with the aim of extracting sensitive information from reassuring victims (Binance, April 23, 2025). The alert was shared via Twitter at 10:30 am UTC, which immediately led to a major reaction to the encryption market. At 10:45 am UTC, Bitcoin (BTC) witnessed a 2 % brief decline to $ 64.230, reflecting the increasing investor (Coinmarketcap, 23 2025). ETHEREUM (ETH) followed its example, and decreased by 1.8 % to $ 3,210 in the same time frame (Coingecko, April 23, 2025). The trading volumes of BTC and ETH increased by 15 % and 12 %, respectively, indicating an increase in market activity as traders amended their positions in response to the news (CryptocCOCOMPare, April 23, 2025). Binance (BNB) also witnessed a 3 % decrease to $ 580, with trading volumes increased by 18 % (Binance, April 23, 2025). This event emphasizes the importance of security awareness in the encryption community and its direct impact on market dynamics.

The commercial effects of this security alert were clear through multiple commercial pairs. At 11:00 am World time, BTC/USDT pair on Binance showed an increase in sales orders, with a 20 % increase in the request book as traders sought to mitigate the potential risks (Binance, April 23, 2025). Likewise, the ETH/USDT pair witnessed a 15 % increase in sales orders, reflecting a wider trend of risk hate among investors (Coinbase, April 23, 2025). The BNB/USDT pair witnessed a 25 % increase in trading volume within an hour of the announcement, as traders benefited from fluctuations to enter and exit (Binance, April 23, 2025). Market morale decreased, as measured by the Crypto Fear & Greed index, from 62 (greed) to 55 (neutral) during the same period, indicating a shift towards the most cautious trading behavior (alternative. M., April 23, 2025). This increased awareness and subsequent market movements highlight the interconnection of security alerts and trading dynamics in the ecosystem of the encrypted currency.

Technical indicators and size data show the market response to alert the deceptive SMS. At 11:15 am UTC, the RSI ROC index (RSI) decreased on the graph for an hour from 70 to 62, indicating a shift from excessive purchase conditions to a more neutral position (Tradingvief, April 23, 2025). ETH’s MACD is a declining intersection, with the MACD line crossing the signal line at 11:30 am UTC, indicating a potential declining momentum (Coinigy, April 23, 2025). The scales on the chain also reflected the market reaction, with the number of bitcoin addresses active by 5 % within an hour of the announcement, indicating a decrease in network activity (Glassnode, April 23, 2025). The total closed value (TVL) in decentral financing protocols (Defi) witnessed a 3 % decrease, as investors transferred money to the safest central stock exchanges (Defi Pulse, April 23, 2025). These technical indicators and the series of merchants provide valuable visions of market morale and possible trading opportunities after security -related events.

Related questions:
What are the deceptive short messages in the context of encrypted currency fraud? The deception of short messages includes fraudsters who send fraudulent text messages that appear to come from legitimate sources, such as the exchange of cryptocurrencies, to deceive users to detect sensitive information. How was the market reaction with Binance CEO warning on April 23, 2025? The market has witnessed declines in instant prices in major cryptocurrencies such as BTC, ETH and BNB, with increased trading volumes and transformations in technical indicators that reflect the increase in caution among traders. What are some of the main technical indicators that surveillance dealers must after safety alert? Traders should see RSI, MACD and On-Shain measures such as active addresses and TVL in Defi to measure market morale and potential trading opportunities.