Author: driver789
Ethereum bulls pushed its price to nearly $2,200 on Thursday amid a market-wide recovery. Summary Ethereum price rebounded to a 4-week high on Friday amid increased demand from institutional traders and a surge in short liquidations. ETH has formed a double bottom pattern on the daily chart. According to data from crypto.news, Ethereum (ETH) price rallied over 11% to a 4-week high of $2,192. Ethereum price rallied amid a broader market recovery led by Bitcoin. The bellwether reclaimed the $73,000 mark for the first time since early February as reports emerged that the U.S. and Iran could be negotiating a…
US spot Bitcoin exchange-traded funds increased inflows on Wednesday, with gains distributed across most issuers, as BTC briefly surged past $73,000.Spot Bitcoin (BTC) ETFs posted $462 million in net inflows, marking the third consecutive day of inflows and bringing the weekly total to $1.1 billion, according to Farside data.The new gains bring year-to-date flows to about $700 million, a modest amount after the ETFs shed $3.8 billion during a five-week outflow streak.Ether (ETH) funds shared the sentiment, drawing $169 million in inflows after seeing minor outflows of $11 million on Tuesday.The flows highlight a potential market reversal, with analysts observing…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is attempting to regain the $2,000 level as the broader crypto market shows early signs of relief after weeks of persistent volatility. The recent stabilization in price action has helped ease short-term selling pressure, allowing ETH to approach a key psychological and technical threshold that could influence market sentiment in the coming weeks. While the recovery remains tentative, on-chain data suggests that structural changes in supply dynamics may be developing beneath the surface. According to data from CryptoQuant, the total amount of Ethereum withdrawn from exchanges…
Bitcoin BTC$72,554.23 is surging again and is nearing a key make-or-break level, demanding attention from traders.The cryptocurrency’s spot price has jumped a full 10% to trade above $72,000 this week, briefly popping above $73,900 on Wednesday, according to CoinDesk data. This impressive bounce, backed by ETF inflows, has fueled hopes of a renewed bull run, but the rally is now confronting a monumental challenge.Prices are approaching a zone that has historically acted as a pivotal turning point, shaping the market’s direction over the past two years. It is a level where both uptrends and downtrends have previously run their course,…
As demand for digital assets continues to accelerate, scaling solutions have become one of the most important challenges facing Ethereum. In a recent discussion, Robinhood’s Head of Crypto outlined the company’s ambitious strategy to tackle this problem by building its own ETH Layer-2 network to serve mainstream users. Rather than merely participating in the broader ecosystem, Robinhood aims to solve core usability barriers that have hindered mass adoption. Why Ethereum Needs To Scale For Mass Adoption Robinhood’s head of crypto explains why they’re building an Ethereum layer-2. According to a video that was reported on X by Etherealize, Robinhood stated…
The XRP price returned to a technical level that, historically, has defined some of its most explosive rallies. After enduring a sharp 62% correction that culminated in a drop toward $1.10 on February 6, the token is once again testing its long-term ascending support trendline. Amid this, the broader crypto market has shown signs of recovery this week, offering some relief. On Wednesday, the XRP price rebounded roughly 6%, while Bitcoin (BTC) climbed back above the critical $70,000 level, restoring a measure of optimism across risk assets despite ongoing global tensions. Historic XRP Price Support In a Wednesday report, market…
Bitwise Asset Management announced its second annual donation to Bitcoin open-source developers, contributing $233,000 to support the programmers who maintain and secure the Bitcoin network. The gift comes as part of Bitwise’s pledge to allocate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support the ecosystem. The funds will be distributed to three non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. Each organization was selected for its track record in funding critical Bitcoin open-source projects and advancing the technology’s long-term development. “Developers are the unsung heroes of the Bitcoin network,” said…
TLDR: Crossover Markets closed a $31M Series B round at a $200M valuation, led by Tradeweb Markets. Tradeweb will route institutional spot crypto orders to CROSSx using algorithmic order-routing tech. CROSSx has matched over $50 billion in notional volume across 12 million trades since its launch. Investors include Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and DRW Venture Capital. Crossover Markets has closed a $31 million Series B funding round at a $200 million valuation. Tradeweb Markets led the round, joined by DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets. The investment strengthens CROSSx, an…
An international law enforcement operation involving the US Federal Bureau of Investigation, Europol and other agencies has taken down one of the internet’s most notorious cybercrime forums, LeakBase. The forum was a place for hackers to buy and sell stolen data and cybercrime tools, amassing more than 142,000 members and over 215,000 messages.“The FBI, Europol, and law enforcement agencies from around the world executed a takedown of LeakBase, one of the largest online cybercriminal platforms, seizing users’ accounts, posts, credit details, private messages, and IP logs for evidentiary purposes,” the FBI cyber division assistant director Brett Leatherman said in a statement…
Crypto experts are pushing back after billionaire hedge fund manager Ray Dalio renewed his skepticism about bitcoin BTC$72,432.16, arguing that the largest and oldest cryptocurrency lacks the qualities that make gold a reliable store of value.Speaking on the All-In Podcast, the Bridgewater Associates founder said bitcoin should not be compared to gold because it lacks central bank backing, offers limited privacy and could face an existential threat from future advances in quantum computing. Dalio also pointed to the asset’s public ledger, suggesting transactions can be monitored and potentially controlled.Dalio, who said last year that he has about a 1% allocation…