Category: Other Crypto News

Tom Lee says Ether Pullback was Chance for Bitmine to Buy 71K ETH

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Bitmine Immersion Technologies chairman Tom Lee says the crypto treasury company took advantage of a recent Ether price drop under $2,200 to scoop up another 71,672 Ether for its stockpile. Ether (ETH) has traded between $2,081 and $2,341 over the past seven days. It was trading at $2,128 as of Tuesday and was down 8.7% over the same period. “Over the past week, we acquired 71,672 ETH. We view the recent pullback of ETH to below $2,200 as an attractive opportunity. Bitmine is expected to reach the alchemy of 5%…

Hyperliquid Faces Solana Threat As Toly Backs New Perp DEX

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Hyperliquid’s lead in onchain perpetuals drew a fresh challenge from the Solana ecosystem after Solana co-founder Anatoly Yakovenko, known as Toly, argued that Solana needs its own atomically composable perp DEX inside the SVM. The debate comes as Hyperliquid is already trying to define its regulatory path in Washington during the advancement of the CLARITY Act. The exchange began with Hyperliquid co-founder Jeffrey Yan saying he had spent several days in Washington with the Hyperliquid Policy Center, meeting policymakers as the CLARITY Act advanced. According to him, the discussions focused…

Bitcoin Price Weakness Persists, Traders Brace For Possible $75K Test

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Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $76,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,000 and $77,500 levels. Bitcoin Price Dips Again Bitcoin price failed to stay…

Whale-Linked Wallet Adds $90M In Weeks

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HYPE has been one of the most compelling stories in crypto since its launch in November 2024. While the broader market has faced sustained selling pressure and most assets have struggled to hold meaningful levels, Hyperliquid’s native token has demonstrated a resilience that has drawn attention from participants well beyond the DeFi ecosystem that originally embraced it. Related Reading The project’s combination of genuine product traction, growing trading volume, and a token model that rewards network participation has made HYPE one of the few assets in this cycle that institutional…

Bitcoin Supply Shock? Binance Flags 500k BTC Leaving Exchange

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Binance Research said a cluster of Bitcoin on-chain indicators is pointing toward tighter available supply and reduced sell pressure, with exchange balances falling to a six-year low as roughly 500,000 BTC have left trading venues since the COVID-era peak. In a May 17 thread, the research arm of Binance argued that four metrics now point in the same direction: long-term holders remain dominant, speculative activity is subdued, exchange supply has declined, and short-term holders are only beginning to rebuild unrealized profits. The combined readout, according to Binance Research, suggests that…

Binance Retail Investor Bitcoin Inflows Drop By 73%, What’s Next for BTC?

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Bitcoin (BTC) retail investor activity on Binance has fallen to its lowest level in history. Retail BTC inflows on Binance now average near 314 BTC per month in 2026, down sharply from the 1,200 BTC range recorded in March 2024. Bitcoin’s recovery in May also slowed as spot inflows on Binance weakened, with the 30-day net demand growth falling 73% over the past three weeks. Bitcoin retail traders step back CryptoQuant analyst Darkfost said retail Bitcoin inflows to Binance remained near its historic lows. The metric tracks BTC deposits from…

Ethereum Whales Flood Binance With 225,000 ETH In Largest Inflow Since 2022

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Ethereum has lost the $2,150 level as selling pressure and market uncertainty combine to erase the recovery that had been building since the February lows. The decline is not gradual — it has the character of a market meeting supply that was positioned and waiting. CryptoOnchain data has identified the origin of that supply, and the picture it reveals is more alarming than a routine price correction. Related Reading In a single day, more than 225,000 ETH was deposited to Binance — the largest net inflow the exchange has recorded…

Odds against Interest Rate Cuts High as New US Fed Chair to be Sworn in

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Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation about whether he’ll do what US President Donald Trump hopes he does: Lower interest rates once in office. On Wednesday, the US Senate voted largely along party lines to confirm Warsh as the next Fed chair, succeeding Jerome Powell. While Trump nominated both Fed governors in different terms, the president repeatedly threatened to fire Powell in recent months, saying that the Fed chair “should be lowering…

Galaxy Wins New York BitLicense for Institutional Crypto Services

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Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS), allowing it to expand regulated digital asset services to institutional clients in the state. The company said Monday that the approvals were granted to its subsidiary, GalaxyOne Prime NY, which provides trading and financing services to institutional investors. The licenses extend Galaxy’s regulatory reach into New York, one of the most tightly regulated jurisdictions for cryptocurrency businesses in the United States.…

3 Factors May Send Bitcoin Price Back To $80K

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Key takeaways: Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations. Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets. A potential deal between the US and Iran could quickly restore traders’ risk appetite. Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A subsequent retest of the $76,000 level on Monday triggered $400 million in liquidations for bullish Bitcoin positions over a four-day period. While traders’ confidence took a hit from the…