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Europol has led a major international operation to take down a sprawling cryptocurrency fraud network responsible for laundering over €700 million. The criminal organization used fake investment platforms and sophisticated marketing, including deepfakes, to lure victims before laundering the proceeds across numerous exchanges.

The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.

In the latest AltCryptoCast episode, hosts admit to selling mistakes but share an optimistic outlook for recovery with new strategies and positions.

Several crypto exchanges, including Bitvavo, experienced a brief outage this morning due to a larger issue with internet infrastructure provider Cloudflare. The problem was resolved within 16 minutes.

Despite extreme fear in the crypto market, analyst Michaël van de Poppe argues that the current panic is unjustified. With the Federal Reserve injecting liquidity and key macro indicators turning positive, he believes a major bull run could be imminent.

Dutch exchange Bitvavo has added TOSHI, a memecoin built on Coinbase’s Base layer-2 network. The token, named after Brian Armstrong’s cat, is part of a larger ecosystem including NFTs and a launchpad, and has seen a recent 98% price increase.

Bitcoin’s supply on exchanges has fallen to its lowest level in five years, with over 23,000 BTC withdrawn in the past week. This reduction in selling pressure could set the stage for a price recovery, despite the market’s current bearish sentiment.

Bitcoin is trading sideways, struggling to break $94,000 resistance, while altcoins like XRP and Solana see sharper losses ahead of the crucial U.S. PCE inflation report.

A large batch of Bitcoin options worth $3.4 billion is set to expire today, potentially causing market volatility as traders close or adjust their positions.

Zcash (ZEC) is experiencing a massive price surge, driven by renewed interest in privacy, corporate adoption, potential ETF approval, and new exchange listings on Bitget and OKX.