Category: Other Crypto News

Ethereum Saw Its Strongest Buy Pressure Since 2022 Bear Market

boss

Ethereum has posted its strongest buy-side pressure on derivatives markets since the 2022 bear market, according to CryptoQuant analyst Darkfost, a shift that could matter after months of persistent sell-side dominance across this cycle. The change does not, on its own, confirm a full trend reversal. But it does mark a notable break from the pattern that has weighed on ETH during key upside attempts. Ethereum Flashes Early Recovery Signal In a post shared on X on April 18, Darkfost argued that Ethereum has spent most of the cycle fighting…

Analyst Says Ethereum Just Confirmed A ‘Turtle Soup’, Here’s What It Means

boss

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Saylor Hints at New BTC Buy, Strategy Eyes Semi-Monthly Dividends

boss

Strategy co-founder Michael Saylor has hinted at another large Bitcoin purchase, just a week after the company disclosed that it bought around $1 billion of Bitcoin in the second week of April.  Strategy disclosed last Monday that it acquired 13,927 Bitcoin for $1 billion between April 6 and 12, at an average price of $71,902 per coin, posting “Think ₿igger” the day before the filing.  However, Saylor posted “Think Even ₿igger” on X on Sunday along with a chart of Strategy’s purchase history, something he has historically done to hint…

Coinbase Introduces Two AI Agents to Assist Workers

boss

Coinbase CEO Brian Armstrong said the company has started testing AI agents on Slack and email to assist employees with work tasks, continuing the company’s efforts to embed AI into its workflows.  In a post to X on Saturday, Armstrong said the company has already deployed two AI agents, modeled after two former executives, speculating that AI agents could eventually outnumber human employees at the crypto exchange. “Soon, it will be easy for any employee to spin up a new agent for themselves or their team. I suspect we will…

Vercel Confirms Limited Hack of Customer Information

boss

Vercel, a cloud hosting provider popular among crypto projects, has confirmed that it suffered a security breach that allowed hackers to make off with a “limited” subset of customer credentials. Vercel said in a blog post on Sunday that it “identified a security incident that involved unauthorized access to certain internal Vercel systems” and was investigating the breach. “Initially we identified a limited subset of customers whose Vercel credentials were compromised,” it added. “We reached out to that subset and recommended an immediate rotation of credentials.” Vercel’s confirmation came after…

Two Different Approaches to Quantum Threats

boss

The quantum divide between Bitcoin and Ethereum Quantum computing has long been viewed as a distant, largely theoretical threat to blockchain systems. However, that perspective is now starting to change. With major technology companies such as Google establishing timelines for post-quantum cryptography, and crypto researchers re-examining long-held assumptions, the discussion is shifting from abstract theory to concrete planning. However, Bitcoin and Ethereum, two major blockchain networks, are addressing the quantum computing threat in different ways. Both networks depend on cryptographic systems that could, in principle, be compromised by sufficiently powerful…

Polymarket Looks to Raise $400M at $15B valuation: Report

boss

Prediction market platform Polymarket is reportedly in talks with investors to raise another $400 million in fresh capital, The Information reported Monday. The $400 million raise would be made at a $15 billion valuation, The Information said, citing two people familiar with the matter.  The raise would add to a wave of institutional capital flowing into the predictions market space in recent months. New York Stock Exchange parent Intercontinental Exchange (ICE) invested $600 million into Polymarket in late March, while competitor platform Kalshi’s valuation was marked at about $22 billion…

Friday’s eth.limo Hijack Caused by Social Engineering on EasyDNS

boss

Ethereum Name Service gateway eth.limo has revealed that the domain hijacking on Friday was caused by a social engineering attack directed against EasyDNS, its domain name service provider.  According to a postmortem published by eth.limo on Saturday, an attacker impersonated one of its team members to initiate an account recovery process with easyDNS, granting access to the eth.limo account and allowing them to alter domain settings. “The NS records were changed and directed to Cloudflare… Once we understood that a DNS hijack had taken place, we immediately notified the community…

XRP Price Revisits $1.40 Level, Recovery Hopes Hang In Balance

boss

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Aave’s TVL Falls $8B After $293M Kelp DAO Hack

boss

Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals. Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to $18.6 billion by Sunday, losing the top spot as the largest DeFi protocol.  Aave v3’s lending pools for USDt (USDT) and USDC (USDC) are now at 100% utilization, meaning that more than $5.1 billion worth…