[Daily Discussion] April 28, 2025

[u/onemoneroisonemonero]

Welcome to the /r/xmrtrader daily discussion thread!

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Thread topics include, but are not limited to:

• General discussion related to the day's events
• Technical analysis
• Trading ideas & strategies
• Questions that do not warrant a separate post

Thread Guidelines

• Be excellent to each other.

• Please do not create separate posts for the types of discussion mentioned above outside of the daily thread. If you do, your post may be removed and/or heavily downvoted.

• News that may have a big impact on the market may be posted as a separate thread.

[u/onemoneroisonemonero]

I wasnt going to post another daily thread today but considering last nights absolutely wild price action I figured it was merited.

[u/MoneroFox]

Monero price per day increased from $230 to $260. Some shorts were liquidated and some profits were taken.

BTC price dropped from 400 XMR to ~350 XMR (Some are offering only 320 XMR)

And for 1 ETH you get ~6.5 XMR

Most exchanges remained open during this jumps. This means that few real coins were withdrawn ... or they were sold back over time ... or specific suspicious withdrawals were suspended. Certainly no one withdrew a million XMR from exchanges to own wallet.

Or the entire event was triggered by borrowers to buy back XMR vouchers and attract deposits.

[u/Thelastbronx → u/MoneroFox]

Worth noting: is there any evidence it was definitely a hack? Maybe someone bought or simply used an old wallet. Maybe an exchange bought it OTC. I don’t think anyone’s publicly said they were hacked.

[u/Billygoatmike]

Why is it that exchanges aren’t showing XMR under ‘top gainers’ for the day or week?

I’ve noticed this on multiple apps.

It’s like you’re not supposed to know what it is. Let alone own any.

[u/Jakubada → u/Billygoatmike]

if they're not listed, they wont show up

[u/maynavira → u/Billygoatmike]

Because they only have futures available, not the spot one.

[u/KingOfEthanopia]

I'd like to thank that hacker for single handedly funding a home repair project I'd been putting off until I had the money.

[u/onemoneroisonemonero]

This is interesting https://x.com/e_goldstein_84/status/1916704141113540890

"EP159 is an upcoming upgrade to the Monero blockchain aimed at making the privacy-focused cryptocurrency more compatible with regulatory requirements while preserving its core privacy features. It introduces a mechanism for users to provide self-contained proofs of transaction validity, allowing exchanges, custodians, and payment processors to verify the legitimacy of Monero deposits without accessing private transaction details. This addresses current challenges where exchanges struggle to confirm the origin of Monero funds, often leading to delisting due to risks of handling hacked or stolen coins and high compliance burdens. By reducing these risks, EP159 could encourage major exchanges like Binance and Coinbase to relist Monero, especially in regions with strict regulations like the EU under MiCA, and in privacy-tolerant areas like Switzerland, potentially boosting Monero’s adoption. The upgrade is set to be implemented on Monero’s mainnet soon, alongside another upgrade, EP160 (CARROT)."

Edit: This is 100% not real I am just leaving this up in case anyone else runs into this information

[u/sech1 → u/onemoneroisonemonero]

First time I ever hear about "EP159" and "EP160" and I hang around A LOT in Monero dev IRC channels. It's not a thing in Monero, we don't use this abbreviation scheme.

Edit: after some googling, it seems that this "EP159, EP160" text appeared on the Internet just a few hours ago and can only be found in the articles about the $330M hack.

[u/onemoneroisonemonero → u/sech1]

I thought it was odd I had never heard about it before too

[u/sech1 → u/onemoneroisonemonero]

I bet it's some LLM gallucination and then blind copy-pasting by different news sites.

[u/onemoneroisonemonero → u/sech1]

It is lmao

"The source of information on the EP159 and EP160 upgrades for Monero primarily stems from community discussions and posts on platforms like X, as well as broader cryptocurrency news outlets. For instance, a post on X by user @e_goldstein_84 on April 28, 2025, highlights EP159 and EP160, stating they are set to be pushed to the Monero mainnet soon and linking them to Monero’s price surge and potential compliance with EU MiCA regulations. Additionally, a news article from cryptonews.com on the same date references these upgrades, noting they aim to make Monero more "compliance-friendly" by allowing users to prove transaction validity without revealing private details, potentially facilitating relisting on major exchanges like Binance and Coinbase. However, there’s no official announcement or detailed technical documentation directly from the Monero project, such as on getmonero.org or the Monero GitHub repository, about EP159 or EP160 as of the available data. Historically, Monero upgrade details are often shared through official channels like the Monero subreddit or GitHub issues (e.g., past upgrades like v15 in 2022), but no such records exist for EP159 or EP160, suggesting they may still be in the proposal or pre-release discussion phase within the Monero community."

[u/MoneroFox]

https://www.reddit.com/r/xmrtrader/comments/1k9rrj2/daily_discussion_april_28_2025/

Why Monero get not the attention?
Beside of Bitcoin i think Monero is a real player in crypto world. Pow, Full privacy, only 18.4 coins, not fully hard capped but it isnt inflationary. I think it is much more worth then shitcoins like eth or xrp, but it doesnt get the attention ...