Category: Other Crypto News

Bitcoin Price Climbs Into Resistance As Bears Defend Critical Levels

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Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $77,450 resistance zone. Bitcoin managed to form a base above $76,000 and started a recovery wave. The price is trading above $76,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,450 zone. Bitcoin Price…

Unsustainable Bond Yields Will Lead to Hyperbitcoinization: Analyst

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Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for one that cannot be inflated, according to Shang Wu, a senior research analyst at crypto exchange BitMEX. The yield on the 30-year US Treasury broke past 5.14% on Tuesday, while the Bank of Japan’s 10-year government bond yield touched 2.8%, Wu said. These yields are unsustainable in the long-term and will force governments to choose between debasing their currencies and a “sovereign debt collapse,” Wu said.…

Buterin Says Ethereum Foundation Is Not the ‘Center’ of Ethereum

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Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the organization to take a more active role in supporting token prices and marketing. Buterin said the Foundation will continue to focus on promoting censorship-resistance, open source software code, long-range research, cybersecurity, and decentralization of the Ethereum Protocol, as outlined in its mandate. He said: “EF is not a ‘center of Ethereum’, rather EF is ‘one node, with a defined purpose, alongside other nodes’. We have always…

Bitcoin Price Could Fall To $72.5K Before Next Rebound — Here’s Why

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After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel…

Former FTX Legal Advisor Fenwick & West Settles Lawsuit for $54M

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Fenwick & West LLP, the principal law firm that advised former cryptocurrency exchange FTX, agreed on Friday to pay $54 million to settle a 2023 class action lawsuit, filed by former customers of the defunct exchange. The plaintiffs allege that Fenwick “facilitated FTX’s fraud” by playing “a key and crucial role in the most important aspects of why and how the FTX fraud was accomplished,” according to the original complaint.  Plaintiffs argue that the Silicon Valley law firm helped the now-bankrupt FTX obscure the misuse of customer funds by creating…

Dogecoin Price Repeating 2024 Setup With Retest Of Fib Fan Before Possible Breakout Wave

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Dogecoin is at a technical area that will look very familiar to traders who followed its 2024 rally. The weekly chart shows Dogecoin is pressing into a long-term Fibonacci fan structure drawn from the 2021 peak, with the current retest coming near the 0.618 Fib fan after a similar 0.5 Fib fan retest preceded the large move in October 2024. This technical setup does not confirm a breakout on its own, but it places Dogecoin at one of its most important weekly decision points in months. Related Reading Dogecoin Returns…

Tom Lee’s Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps

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Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600. Key takeaways: Bitmine keeps buying ETH even as its losses mount amid the 57% price drawdown from the August 2025 high. ETH price technicals warn of a 25% drop, which would push Bitmine’s losses over $10 billion. Bitmine’s ETH treasury dashboard. Source: DropStab.COM Lee continues buying ETH despite mounting losses Ether has fallen more than 57% from its October…

Bitcoin LTH Supply Surge Does Not Reflect Real Demand — Here’s Why

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The price of Bitcoin seemed set for another round of pain over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin’s long-term investors was also observed on the day, although the signal might not be what it seems. Here’s Why BTC LTH Supply Data Is Skewed In a recent post on the X platform, pseudonymous analyst Darkfost revealed a…

XRP Price Structure Points To One Final Shakeout Before A Possible Surge

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XRP is in a compression phase, and technical analysis indicates that the price action may be approaching a point where patience turns into panic before direction finally becomes clear. XRP’s chart setup is filled with uncertainty, but there’s one critical support level that could decide XRP’s next move and another price level it needs to overcome for bullish confirmation.  Related Reading XRP’s Descending Broadening Wedge Pattern XRP’s price action has been on a downward path of lower highs since the beginning of the year, and this extends to a correction…

CFTC Officials Who Questioned Prediction Markets Were Suspended: NYT

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Senior officials at the Commodity Futures Trading Commission who raised concerns about prediction market companies were suspended, investigated and eventually pushed out of the agency. According to a New York Times investigation published Sunday, the officials had flagged concerns about Polymarket, Crypto.com and a Gemini affiliate, each with alleged business ties to the Trump family. Career staff worried that Crypto.com was not treating small bettors fairly, that Polymarket lacked adequate fraud protections and that Gemini’s affiliate had not completed the required regulatory review to operate. Despite those concerns, then-acting CFTC…