Category: Other Crypto News

Ethereum Price Rejected Above $2,400, Upside Momentum Starts To Fade

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Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,425. Ethereum started a steady increase above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,320 zone. Ethereum Price Corrects Recent Gains Ethereum price managed to…

Bitcoin Bulls Rebuild As Futures Metric Hits 4-Month High

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Bitcoin’s derivatives market is showing signs of a fresh bullish rebuild, according to a new morning brief from on-chain analyst Axel Adler Jr., who said a rising Bitcoin Positioning Index alongside a sharp increase in futures open interest points to new risk-taking rather than a short-covering bounce. For traders watching whether the recent recovery has structural backing, that distinction matters. In Adler’s framework, the key signal is the 30-day moving average of the Bitcoin Positioning Index, which has climbed to 4.5, its highest reading in four months. The daily index…

New York, Illinois Ban Officials From Prediction Markets

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New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier this week. “Getting rich by betting on inside information is corruption, plain and simple,” Hochul said on Wednesday, adding: “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment.” Hochul also slammed the Trump administration and congressional Republicans for allowing an “ethical Wild West” to take hold around prediction markets without implementing any “meaningful ethical standards” to…

Another $142M Staked – Bitmine Tightens Its Grip on Ethereum Supply

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Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Related Reading Data from Arkham Intelligence reveals that Bitmine staked another 61,232 ETH — approximately $142 million — just hours ago. Bitmine is not accumulating speculatively and waiting. It is locking its treasury into the network at a pace that has become one of the most…

Adam Back Addresses Satoshi Nakamoto Rumors at LONGITUDE Paris

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Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list that started it all.  Back was speaking in a fireside chat with Cointelegraph at the recent LONGITUDE event in Paris, co-hosted by crypto exchange OKX, with discussions centered on crypto regulation, market structure and the growth of stablecoins. Adam Back denies renewed suggestions that he invented Bitcoin “It is flattering in some sense…

Bitcoin Futures Data Show Traders Positioning For Rally Above $80K

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Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use.  A combined view of the market positioning metric and open interest shows new positions are being added, potentially influencing BTC’s push toward new highs. BTC positioning builds with rising leverage Bitcoin researcher Axel Adler Jr. said that the Bitcoin positioning index has turned higher, with its 30-day average rising to 4.5 from -10.9 in February.…

Discover What Happens When US Whales Are Long

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Ethereum is pushing back toward $2,400 as the market finds its footing after weeks of uncertainty, with buyers gradually reasserting control and the price beginning to build momentum from the consolidation range. The move higher is drawing attention — and a CryptoQuant analyst has identified a signal in the demand data that suggests the current strength may have more institutional backing than the price chart alone reveals. Related Reading The Coinbase Premium Index measures the price difference between Ethereum on Coinbase and Ethereum on Binance. When ETH trades at a…

Bitcoin, XRP Need Relief From Capital Drain: John Bollinger

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John Bollinger, the creator of Bollinger Bands, used a sharply worded post on X on April 21 to argue that Bitcoin, XRP and the broader crypto market need a break from what he sees as capital being pulled out of the sector by Washington. Bollinger did not cite a dataset or name a specific policy move, but his reference to the “current administration” landed in a market already primed to read that as a swipe at President Donald Trump’s orbit and the crypto ventures tied to it. “Can’t help but…

Ex-FTX CEO Withdraws Motion for a New Trial, Still Asks for New Judge

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Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro…

Shariah-Compliant PUSD Stablecoin Integrates With ADI Chain

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PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar.  It is already available on multiple blockchains, including Ethereum, BNB Chain, Solana and Tron, with ADI Chain marking its latest integration. The stablecoin is positioned to provide access…