Ether Profit Taking Ramps Up As ETH Hovers Near $4.3K

Ethereum holders are starting to take profits again as Ether has continued to hover around $4,300 and short positions suggest there’s some doubt of a continued rally. According to onchain analytics platform Glassnode, short-term Ether holders have been taking profit more aggressively than long-term holders, which could suggest short-term traders may be expecting a pullback…

Bitcoin Chart Signals Drop Below $117K Before Upside Continues

Bitcoin’s price chart indicates there could be further downside following a slight stumble on Monday with Bitcoin falling 2.6% over 24 hours, a crypto analyst says. “Quite ugly daily candle,” MN Trading Capital founder Michael van de Poppe said in an X post on Monday, after Bitcoin (BTC) fell 2.60% from $122,200 to approximately $119,000…

Ethereum Core Dev Safe And Free After Being Detained In Turkey

Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to an Ethereum privacy protocol.  “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I…

BTC’s Thin-Liquidity Bounce Raises Questions on Staying Power

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin staged a sharp recovery over the past week, rebounding from…

Crypto Helps Emerging Economies Bypass Legacy Financial Constraints

Opinion by: Andrei Grachev, managing partner at DWF Labs Bitcoin’s role in sovereign finance is no longer hypothetical.  As nation-states reassess reserve strategies amid inflation, sanctions and dollar volatility, crypto, particularly Bitcoin and stablecoins, is emerging as a neutral, programmable asset class with sovereign-grade utility. The properties that crypto can wield for retail users can…

Ethereum Core Dev Safe And Free After Being Detained In Turkey

Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to a Ethereum privacy protocol.  “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I…

Is XRP ‘way overvalued’ to buy right now?

XRP’s market cap is 2,200 times greater than its total value locked on XRPL, signaling heavy upside speculation among traders. Source link

Paxos seeks US national trust bank charter after 2023 application lapse

Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal charter, issued by the Office of the Comptroller of the Currency (OCC), would allow Paxos to…

Ethereum Price is the Highest Since 2021, But $5K Might Have to Wait for Now

Key takeaways: ETH rallied 41% in a month, but derivatives data shows traders remaining cautious, not bullish. Institutional inflows and corporate Ether reserves suggest strong demand, yet recession risks cloud the outlook. Ether (ETH) climbed to $4,349 on Monday, its highest price since December 2021. Despite outperforming the broader cryptocurrency market by more than 30%…

Bitcoin Needs to Hit $340,000 to Beat Last Cycle’s Gains

Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. BTC is already an outperformer among macro assets over the past five years….