Ethereum Holds Near $1,600 as Whale Activity and Stablecoin Data Hint at a Potential Trend Reversal
TLDR:
Ethereum is trading near $1,600, approximately 21% below its 30-day peak amid sustained market weakness.
Two whale wallets withdrew $58.83M in ETH from Kraken and Bitgo, matching prior Bitmine purchase patterns.
Binance…
India’s USDT premium surges above 8.5% as regulatory pressure tightens supply
India’s USDT premium is in the news after it climbed above 8.5% due to a contraction in the availability of stablecoins domestically. As it stands, capital flows into the country are being discouraged by regulators through both…
Can AI drain DeFi? Separating Claude Mythos hype from reality
Claude Mythos and DeFi: Real threat or overblown fear?When Anthropic introduced Claude Mythos-class models as its most advanced AI system for cybersecurity, it drew the usual mix of reactions from crypto communities. The lineup included…
Ripple CTO Emeritus Unveils Plan to Tackle XRPL DEX Front-Running
The proposal aims to give XRPL users guaranteed execution priority if they pay a reservation fee before a ledger closes.
David Schwartz, who co-founded the XRP Ledger,…
Metaplanet Stock Down 88% in a Year While BTC Holdings Grow
Analysts argue that investors are effectively buying the company's Bitcoin holdings at a discount to their estimated value.
Metaplanet shares on the OTC market closed…
Ether Treasury Sharplink Buys $62.4M of ETH in 3 Days
Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $62.4 million worth of Ether since Thursday. Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on…
Stablecoins and Public Ledgers Flawed, Report Says
The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate…
Polymarket Third-Party Vendor Compromise Drains $2.9M from Users
A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket's frontend, affecting multiple users.Blockchain analyst Specter said the malicious script appeared to facilitate a phishing…
Bitcoin Trader Says ‘It’s 2022 Again’ As RSI Offers A Classic Bull Signal
Bitcoin (BTC) continued its battle to reclaim $60,000 into the weekend as chart cues fueled hopes of a recovery. Key points:Bitcoin RSI signals spark comparisons to the end of the 2022 bear market as a bullish divergence filters…
Ethereum Whales Sell After 8 Years, Secure $27M Profit
TLDR
Four dormant Ethereum wallets were reactivated after nearly eight years of inactivity.
The wallets originally received 37,602 ETH in 2018 at about $830 per coin.
They sold 33,623 ETH within four hours at an average price…