The embattled cryptocurrency fell to $103K early Friday before clawing its way back to $106K in the afternoon. Jamie Dimon’s ‘Cockroach’ Remark Deepens Bitcoin Sell-Off An offhanded quip by Jamie Dimon, CEO of JPMorgan Chase (JPM) on Tuesday, may have tanked stocks as fears of a bank credit crunch triggered a multi-day sell-off. But while […] Original
According to chart work shared by market analyst Mikybull, XRP is sitting inside what he calls a tight bullish structure that could lead to a sharp rise. Reports have disclosed the setup on a three-week chart and suggested the corrective phase may be ending. The analyst flagged several price levels that traders are now watching closely. Related Reading Technical Setup And Key Levels Mikybull pointed to an ABC correction pattern that looks close to finishing. He showed XRP hovering around $2.50 and sitting just above a long-term moving average, a…
Key Notes ENA outperformed major cryptocurrencies during Friday’s market downturn, recovering from previous de-peg concerns. Binance’s $400 million reimbursement fund helped restore investor confidence in Ethena’s stablecoin ecosystem. The platform expanded its stablecoin infrastructure to Conduit, reaching over 60 Ethereum networks with $4 billion TVL. Ethena ENA $0.44 24h volatility: 8.6% Market cap: $3.14 B Vol. 24h: $640.89 M price rose 8% to $0.44 on October 17, making it one of the few digital assets trading in green amid a widespread crypto market crash. ENA’s performance stood out as cascading…
Maelstrom, the family office connected to BitMEX co-founder Arthur Hayes, is reportedly looking to raise $250 million for a private equity fund aimed at acquiring crypto companies. According to a Bloomberg report on Friday, the fund plans to use $40 million to $75 million for each acquisition of as many as six crypto companies, with funding expected to be completed by September 2026. Maelstrom will reportedly focus on companies offering trading infrastructure and analytics platforms. Maelstrom co-founder and managing partner Akshat Vaidya reportedly said investors in the fund “want exposure…
Key takeaways: ETH futures premium shows traders are staying cautious and avoiding heavy leverage even as banking stocks rebound from recent credit concerns. Ether whale activity near $3,700 suggests limited bearish conviction, though confidence in a swift recovery toward $4,500 remains subdued. Ether (ETH) dropped 9.5% on Friday, retesting the $3,700 level and triggering $232 million in leveraged long liquidations within 48 hours. The unexpected correction came amid a broader risk-off move fueled by credit concerns after two US regional banks announced write-offs on bad loans. Ether derivatives data shows…
Key Notes A dormant wallet allegedly linked to Russian national Alexander Bilyuchenko moved its entire 6,500 BTC balance to two new addresses. Bilyuchenko remains on the U.S. Secret Service’s most-wanted list for his role in operating BTC-e, a platform accused of laundering billions. The transfer coincides with Bitcoin dropping to $105,000 amid over $1 billion in crypto liquidations across the market. A Bitcoin BTC $106 856 24h volatility: 1.3% Market cap: $2.13 T Vol. 24h: $99.27 B wallet that had been dormant for three years transferred its entire balance of…
Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement.…
Key Notes Gespa determined FIFA Collect’s random draw system for NFT distribution constitutes illegal gambling under Swiss Federal Act without proper licensing. The platform generated $52 million in total volume across 2.2 million minted NFTs, peaking at $9.6 million in September during Ballon d’Or festivities. Legal proceedings now move to Swiss prosecutors while the NFT marketplace remains operational and has not issued a public response. The Swiss Gambling Supervisory Authority (Gespa) has lodged a criminal complaint against FIFA Collect, an NFT platform affiliated with the FIFA World Cup, after concluding…
Key Notes Former Huobi chief Li Lin partners with early Ethereum backers from Fenbushi, HashKey, and Meitu to create regulated Ether vehicle. The trust has already secured $700 million in commitments and explores using a Nasdaq-listed shell company for structure. ETH consolidates below its 50-day moving average at $3,875, though institutional demand could support long-term price appreciation toward $7,000. A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum ETH $3 845 24h volatility: 1.2% Market cap: $462.96 B Vol. 24h:…
North Korean hackers have adopted a method of deploying malware designed to steal crypto and sensitive information by embedding malicious code into smart contracts on public blockchain networks, according to Google’s Threat Intelligence Group. The technique, called “EtherHiding,” emerged in 2023 and is typically used in conjunction with social engineering techniques, such as reaching out to victims with fake employment offers and high-profile interviews, directing users to malicious websites or links, according to Google. Hackers will take control of a legitimate website address through a Loader Script and embed JavaScript…