Category: Other Crypto News

Ex-Celsius CEO Files Motion to Vacate Sentence after Lawyers Withdraw

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Alex Mashinsky, the former CEO of defunct cryptocurrency lending platform Celsius, has filed a motion in a New York court to vacate his 12-year sentence for fraud and market manipulation.  In a Tuesday filing in the US District Court for the Southern District of New York, Mashinsky filed a motion to vacate his 144-month sentence, set by Judge John Koeltl in May 2025. The former Celsius CEO filed the paperwork without additional counsel, having announced on May 5 that he would be proceeding pro se in his case. Although Mashinsky…

Ethereum Price Structure ‘Weakening’ as Traders Focus on $1.8K Support

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Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800.  Key takeaways: Ether faces downside pressure as elevated leverage and positive funding rates amid falling prices signal fragile market conditions. Analysts say ETH must hold the $1,800-$1,750 support zone to avoid a deeper correction. Ether price metrics suggest downside risks remain Analysts have highlighted several reasons for Ether’s potential to drop lower, including an elevated estimated leveraged ratio and positive funding rates amid a “weakening…

Can Ethereum Reclaim Its 2021 Highs Against Bitcoin As Fundamentals Strengthen?

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As the crypto market matures, the relative strength between Ethereum and Bitcoin is becoming one of the most discussed narratives. The ETH ecosystem is entering a new phase of growth, fueled by scaling solutions, rising staking participation, and a more efficient supply structure. These improvements are steadily reinforcing the ETH fundamentals and long-term utility within decentralized finance and beyond. Ethereum, Bitcoin Recovery Depends On Adoption And Market Rotation The debate around whether Ethereum can reclaim its 2021 highs against Bitcoin is gaining renewed momentum as institutional voices turn increasingly optimistic.…

Bitcoin ETFs Post Record Nine-Day Outflow Streak

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US-listed spot Bitcoin exchange-traded funds (ETFs) posted their longest outflow streak since launch, extending withdrawals as institutional demand for Bitcoin exposure weakened. Spot Bitcoin ETFs recorded another $223 million in net outflows on Thursday, marking the record nine-day outflow streak since the funds launched in 2024, according to data from Farside Investors. The latest streak surpassed the previous record eight-session outflow run recorded in February 2025, though its roughly $2.84 billion in cumulative withdrawals remains below the $3.2 billion lost during the earlier selloff. US spot Bitcoin ETF outflows in…

Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level

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Bitcoin has hit what one analyst describes as a major ceiling after losing the support level that held the market together for months. Following a failed push toward $83,000, the analyst now believes buying Bitcoin at current prices carries more risk than opportunity. Instead, he points to a much lower target, a level where buyers may finally step back into the market with conviction. Bitcoin’s Former Support Has Turned Into Resistance The analyst’s outlook centers on the collapse of the $80,500 area, a level that previously acted as the backbone…

Why is Stellar’s XLM up by Over 50% This Week?

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Stellar’s native token, XLM, has rallied more than 50% this week, outperforming the broader crypto market, which has declined by nearly 5% in the same period. Key takeaways: US financial giant DTCC announced it would integrate its tokenized securities platform with the Stellar Network. XLM rallied by over 50% after the announcement, but risks a sharp downside in the coming weeks. DTCC partnership fuels XLM rally XLM’s price surged after a major institutional partnership announcement by the Depository Trust & Clearing Corporation (DTCC), a US financial giant that clears and…

NYSE Parent ICE Seeks ‘Level Playing Field’ for 24/7 Onchain Perps

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Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is urging regulators to allow regulated exchanges to offer 24/7 onchain perpetual futures trading, according to ICE CEO Jeffrey Sprecher. Speaking at a Bernstein conference on Wednesday, Sprecher said that he was urging regulators to create a “level playing field” for launching 24/7 onchain perps contracts, arguing that regulators are “prohibiting us from doing this when it’s already happening.”  The CEO said that ICE had multiple exploratory discussions with decentralized exchange Hyperliquid about the synergies between the crypto…

The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst

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Crypto analyst The Short Bear has addressed investors who are currently capitulating on Ethereum and offloading their coins. He cited a mistake these investors are currently making that could cost them money when the bull thesis for ETH eventually plays out.  Analyst Reveals Misconception Investors Have About Ethereum In an X post, the Short Bear said that many people are mistaken in treating Ethereum like an end-stage Amazon as if the main question is already about mature margins, fees, and cash flows. He explained that, in reality, the layer-1 network…

Bitcoin Loses Global Top 10 Asset Spot as Market Cap Falls to $1.48T

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Bitcoin’s (BTC) latest drawdown to $72,000 has coincided with a sharp drop in its market capitalization, pushing it out of the global top 10 assets by market cap. Key takeaways: Bitcoin fell to 13th place among global assets after its market cap dropped below $1.5 trillion. Gold, silver and AI stocks outperformed Bitcoin after investors rotated. Bitcoin’s pending realized price death cross could signal further downside risk for BTC price. Bitcoin’s market cap drops below $1.5 trillion Bitcoin’s price has dropped sharply from around $83,000 in early May to as…

Strategy Preferred Stock Risk ‘Out Of Hand,’ Arca CIO Says

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Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion in preferred stocks carrying around $1.5 billion in annual dividend obligations. Dorman warned that the structure may become increasingly difficult to manage if market conditions remain volatile, with Bitcoin (BTC) trading about 16% lower year-to-date…