Wednesday, June 24

Crypto

What Will Stop ETH Price Crash?

Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.Key takeaways:Ether drops 12% after rejection at $2,400 as bears regain control.Binance sell pressure…

Bitcoin Drops to K as Fresh US-Iran Tensions Resurface

Bitcoin (BTC) dropped to $76,000 during the early Asian trading hours on Monday as US-Iran tensions resurfaced. Key takeawaysBitcoin falls to $76,500 as bearish momentum becomes increasingly tied to geopolitical developments.Over $607 million in long positions have been liquidated in the…

Verus Ethereum Bridge Reportedly Exploited for .58 Million

Verus Protocol’s Ethereum bridge was reportedly exploited on Monday through a fake cross-chain transfer message that allowed a hacker to fraudulently transfer out at least $11.58 million in cryptocurrency.Onchain security platform Blockaid said in an X post on Monday that…

Kraken Cuts 150 Staff, Citing Rising AI Use

Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year.The company, whose corporate name is Payward, laid off about 150 workers…

Tom Lee Says Oil Prices Are Ethereum’s Biggest Headwind

Rising oil prices since the US-Israeli war have been a consistent weight on the price of Ether for the last three months, according to Fundstrat co-founder Tom Lee. “If one is wondering why Ethereum has been under selling pressure … to…

Senate Crypto Bill Might Pass as Late as August: NYDIG

The US Senate’s crypto market structure bill could take until August to pass and risks not advancing at all if lawmakers cannot pass it before the midterms, said Greg Cipolaro, head of research at financial services firm NYDIG.Patrick Witt, a…

Bitcoin Analysts Debate ‘Sell in May’ Pattern

Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years. In May 2018, Bitcoin crashed from nearly $10,000 to about…

Grayscale, VanEck Amend BNB ETF Applications

Asset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF. Grayscale filed its second amendment, while VanEck submitted its…

Bernstein Sees Figure Q1 Proves Uniqueness of Blockchain Marketplaces

Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces.Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA,…

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