Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K

Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400. Key takeaways: Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying. Ether’s ascending triangle projects an ETH price rally to $3,315. Ethereum accumulators add…

Crypto-Backed Republican Candidate Wins Indiana Congressional Primary

A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys. Representative James Baird won Tuesday’s Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others. Beginning with his first…

Zcash Eyes Another 40% Price Jump as US Hedge Fund Reveals ‘Significant Position’ in ZEC

Zcash (ZEC) has outperformed the broader crypto market over the past month, rising by over 125% compared to an average 15% gain for most coins. ZEC/USD versus TOTAL crypto market cap 3o-day performance chart. Source: TradingView The privacy-focused cryptocurrency may rally further in the coming weeks as a mix of bullish technical and fundamental catalysts…

Iran Peace Deal Talk Costs Bitcoin a Trip to $83,000 After New 13-Week Highs

Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Bitcoin stops short of tapping $83,000 as momentum becomes guided by geopolitical developments. Oil sees flash volatility around rumors of the Strait of Hormuz opening. Bitcoin trader sees a price reset to a…

Samsung SDS To Build KSD Tokenized Securities Platform

Samsung SDS, Samsung’s information technology services subsidiary, will reportedly build a token securities platform for the Korea Securities Depository (KSD), moving South Korea’s central securities depository closer to operating blockchain-based securities infrastructure as the country prepares a legal framework for tokenized assets.  Samsung SDS won a contract to build and operate the platform for KSD,…

Linea Moves ZK Rollup Stack Under Linux Foundation Governance

Linea Consortium has joined Linux Foundation Decentralized Trust (LFDT) as a premier member and contributed the open-source zero-knowledge (ZK) rollup stack powering Linea as a new code project called Lineth. The contribution places Linea’s core layer-2 technology under LFDT’s open-source governance framework, rather than the control of any single company, Linea Consortium said in a…

CoinDesk 20 performance update: Index jumps 2.5%, continuing higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2210.86, up 2.5% (+53.36) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+16.0%) and ICP (+10.4%). Laggards: BTC (+0.9%) and ETH (+1.5%). The…

Coinbase Sued for Withholding Frozen Crypto From $55M Defi Saver Exploit

Cryptocurrency exchange Coinbase was sued in California federal court over frozen crypto allegedly tied to a $55 million DAI phishing theft from August 2024. The complaint, filed Monday in a San Francisco federal court, alleges that after laundering the proceeds through crypto mixer Tornado Cash, the attacker deposited part of the “traceable stolen funds” into…

Colombian President Proposes Building a Bitcoin Mining Hub

Colombia’s President Gustavo Petro said the nation’s Caribbean coast has the potential to become a Bitcoin mining hub, leveraging its surplus renewable energy to attract foreign investment and spur economic development. In a post on X on Tuesday, Petro said the Caribbean cities of Barranquilla, Santa Marta and Riohacha could host Bitcoin (BTC) mining facilities…

Telegram To Become TON’s Largest Validator, Durov Says

Telegram founder Pavel Durov said Telegram will replace the TON Foundation as the main driving force behind The Open Network (TON) and become its largest validator, signaling a deeper operational role for the messaging platform in the blockchain ecosystem. In a Monday Telegram post, Durov said TON fees had dropped sixfold to “nearly zero” and…