Ethereum news: ETH falling below $1,800 leaves Tom Lee’s Bitmine (BMNR) with $8.9 billion paper loss

Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether (ETH), is staring at nearly $9 billion in losses as the token’s slide below $1,800 drags down the value of its massive treasury. Shares of the Tom Lee-chaired company fell another 5.9% Wednesday, slipping below $17 and extending their decline to 28% since early May….

Hyperliquid Bear Flips Bullish After Losing Over $46M Betting on HYPE Price to Drop

A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing. Key takeaways: Trader has opened fresh long positions in Arthur Hayes’ trinity coins: HYPE, ZEC, and NEAR. HYPE has extended its bull pennant breakout and is now eyeing a rally above $100. Whale reverses…

Bitcoin Faces a ‘Likely’ Breakdown From a 50-Month Trend Line

Bitcoin (BTC) hovered near two-month lows on Wednesday as 2022 bear-market comparisons returned. Key points: Bitcoin traders bring back the 2022 bear market to assess where BTC price action might go next. History shows a new lower high followed by a breakdown of a key 50-month trend line. That trend line has held throughout 2026…

Zcash Fixes Privacy Pool Bug After Explorer Confusion

Zcash developers temporarily suspended Orchard transactions after discovering a critical vulnerability in the privacy-focused blockchain’s latest shielded pool, then restored functionality through an emergency network upgrade. On Wednesday, the Zcash Foundation said the vulnerability affected Orchard’s zero-knowledge proof circuit and could have allowed invalid state transitions within the pool. However, the Foundation said there was…

EU MiCA Deadline Forces Crypto Firms to Secure Licenses or Exit Market

The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU clients. A spokesperson from the European Securities and Markets Authority (ESMA) told Cointelegraph that from…

Toncoin to Rebrand to Original Name Gram

The Open Network says it is planning to rebrand its Toncoin (TON) token to Gram (GRAM), the original name of the network’s cryptocurrency in its first white paper. “Gram was the original name of TON’s currency in the first white paper,” Telegram and TON founder Pavel Durov posted to Telegram on Monday. “We’re returning to…

Bitcoin Price Crash to $65K Sparks $1.8B Crypto Liquidation Bloodbath

Bitcoin (BTC) has dropped 8% to a nine-week low of $65,360 from Tuesday’s high of $71,300 amid increasing geopolitical risks surrounding the US-Iran war. Key takeaways: Bitcoin slipped to $65,000 on Wednesday in a market-wide correction, liquidating $774 million in longs. Traders say Bitcoin needs to hold $60,000 as support to avoid a deeper correction…

Mastercard Adds Stablecoin Settlement for Card Transactions

Mastercard announced its plans to expand its settlement capabilities to let issuers and acquirers settle some card transactions using regulated stablecoins.  On Wednesday, Mastercard said the new capabilities will include intraday, weekend and holiday card settlement, supporting both fiat currencies and onchain settlement through regulated stablecoins. The company said the new options are designed to…

Coinbase said to be looking into participating new stablecoin platform backed by Stripe, Visa, Mastercard

Global payment networks Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to three people familiar with the plans. U.S.-listed cryptocurrency exchange Coinbase (COIN) is also looking into the possibility of participating in the stablecoin platform, one of the people said. Coinbase, Stripe and Visa declined to comment. Mastercard had not…

US Treasury Sanctions Iran’s Nobitex Crypto Exchange

The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system. The Treasury said on Tuesday that it added crypto exchanges Wallex, Bitpin and Ramzinex to the Office of Foreign Assets Control’s…