Category: Other Crypto News

Bitcoin Rally May Be A Trap As Whales Sell Into Strength

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Bitcoin’s rebound from the February 6 low at $60,000 is showing early signs of structural improvement, but the move still looks more like a bear market rally than a confirmed breakout, according to CryptoQuant analyst Maartun. In an April 20 video, the analyst argued that while long-term holders are accumulating and strategic capital is entering the market, persistent selling from short-term holders and whales is still capping upside. Maartun framed the current setup as a question of market character rather than raw price performance. Bitcoin is trading around $75,000, roughly…

$1.4 Billion Pours Into Crypto — What’s Driving The Surge?

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Coin Center Says Crypto Developers’ Code Protected Under First Amendment

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Crypto lobby Coin Center has expanded on its argument that software code is free speech and should be protected under the First Amendment of the US Constitution, amid continued uncertainty over whether crypto developers could be liable for how their inventions are used. In a report published Monday, Coin Center Executive Director Peter Van Valkenburgh and Director of Research Lizandro Pieper said writing and publishing crypto software code is the same as writing a book or publishing a recipe. The pair argued that the First Amendment, which protects individuals’ freedom…

Bitcoin Recovery Still Looks Like A Bear Market Rally, Analyst Says

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Aave Pitches Two Solutions to Resolve Kelp DAO Hack Dilemma

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Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact the ecosystem, depending on how the losses are allocated. The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth $293 million from Kelp DAO’s LayerZero-powered bridge and used them as collateral on Aave V3 to borrow wrapped Ether (wETH). On Monday, LlamaRisk modeled two possible scenarios for how this “bad debt” could materialize on Aave, noting that the final…

Ethereum Price Rebound At Risk, Failure Signals Could Emerge Soon

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Ethereum price started a recovery wave from the $2,250 zone. ETH is now consolidating and might fail to extend gains above the $2,360 resistance. Ethereum started a recovery wave from the $2,250 zone. The price is trading below $2,340 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,360 zone. Ethereum Price Faces Resistance Ethereum price tested the…

Bitcoin Price Eyes Fresh Upside, Traders Watch For Breakout Move

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Bitcoin price started a recovery wave from the $73,650 zone. BTC is consolidating and might struggle to clear the $76,500 resistance zone. Bitcoin managed to form a base above $74,000 and started a recovery wave. The price is trading above $75,000 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $76,500 zone. Bitcoin Price Aims Higher…

Here Is What That Means For Users

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Aave has shed more than 23% of its value since Friday, and the protocol that bills itself as DeFi’s most trusted lender is now managing the fallout from one of the most disruptive exploits in its history — even though its own code was never touched. Related Reading The attack unfolded through a bridge vulnerability rather than a flaw in Aave itself. Attackers exploited Kelp’s bridge to obtain $292 million in stolen rsETH, then used it as collateral on Aave V3. Because Aave had accepted rsETH as a legitimate collateral…

This Surge Above $78,000 Should Not Be Trusted

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The latest Bitcoin (BTC) price rebound above $78,000 has sparked renewed optimism across the market, as investor sentiment has flipped bullish. However, not all market watchers are convinced that the momentum will last. Crypto analyst Marmot is warning that the recent price surge may be masking deeper weakness underneath, urging investors and traders not to trust it. As bullish forecasts continue to spread across the market, Marmot believes traders may overlook signals that often precede sharp reversals and major shifts in market direction.  Why Bitcoin’s Rally Above $78,000 Could Be…

50M NEO tokens could be ‘given back’, 53 DeFi projects infiltrated: Asia Express

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Everything that happened in crypto news in Asia over the past seven days: Asia Express. In this edition Neo co-founder floats $461 million governance reset Over 50 projects flagged in DPRK infiltration sweep Pakistan lifts crypto banking ban under strict regulatory limits Ledger device that drains funds sold in Chinese marketplace South Korea trials tokenized deposits for controlled public spending Naver moves to fold Upbit operator into fintech arm ahead of IPO Tokyo funds yen stablecoin use cases to boost global finance push SBI Remit taps Ripple tech to expand…