Ex-NRL Player Trent Merrin Detained for Suspected $140K Cryptocurrency Theft in Australia

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 05 2025

BNB-1.038%

BAL-2.35%

BERA-5.01%

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Trent Merrin's Arrest: Former Australian rugby star Trent Merrin has been arrested for allegedly stealing AUD $140,000 worth of cryptocurrency through deceptive means, following a year-long police investigation.
Police Action: Authorities seized multiple electronic devices from Merrin's residence during a raid, which are currently undergoing forensic examination to aid the ongoing inquiry.
Australia's Crypto Crackdown: Merrin's arrest coincides with Australia's intensified efforts to combat cryptocurrency-related crime, including stricter regulations and enforcement actions against digital asset service providers.
Regulatory Changes: The Australian government has introduced new measures to regulate crypto ATMs and mandated that digital asset platforms obtain an Australian Financial Services Licence, with significant penalties for non-compliance.

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Technical Analysis for BNB

Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

BNB (BNB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	266.236	418.148	557.026	708.938	847.816	999.728	1138.606
Fibonacci	418.148	529.23	597.856	708.938	820.02	888.646	999.728

About BNB

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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