Category: Crypto News
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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 of $1,560. Total proceeds from the sales reached approximately $52.5 million. The transactions resulted in an estimated realized…
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Bitcoin Rebounds Off Yearly Lows But US Stocks Flash Warning Sign
Key takeaways: Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand. Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds. Bitcoin (BTC) traded down 9% in three days, hitting its lowest level since September 2024. The $58,000 retest triggered over $1 billion in liquidations…
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Does Botanix’s Failure Prove Bitcoiners Don’t Care About DeFi?
For the past two cycles, Bitcoin DeFi has lived more as a promise than a category. Programmable Bitcoin has remained a vision held by a certain breed of Bitcoin maxi who believes that the world’s largest cryptocurrency can become productive without losing its security or sound money qualities. Yet the closure of Bitcoin scaling platform…
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Bitcoin Slides Nearly 20% in June as $715M in Crypto Long Bets Collapse
Key Takeaways Bitcoin erased its plunge to a 2026 low of $58,035 on Thursday morning, staging a rapid relief rally. Forced liquidations across the crypto market topped $1 billion, wiping out $484 million in bitcoin bets. Boris Alergant of Babylon Labs warns that AI competition may pressure bitcoin prices through the summer. Volatility Grips Bitcoin…
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Spark Brings $150M Stablecoin Liquidity to Uniswap v4
Decentralized finance (DeFi) protocol Spark has deployed approximately $150 million in stablecoin liquidity across two Uniswap v4 pools on Ethereum as part of a collaboration aimed at creating shared liquidity and exchange infrastructure for stablecoin issuers. A Spark spokesperson told Cointelegraph that the initial deployment is live in two pools pairing USDS with PayPal USD…
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Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH
Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets. Cryptocurrency mining profitability remains under pressure across major proof-of-work networks, according to new data shared by Alphractal, which shows the sector is experiencing stagnation and reduced returns. The analytics platform said that while miners continue to play an…
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Hormuz ship hit lifts risk as Polymarket normal-traffic odds jump to 55%
Ted Hisokawa Jun 25, 2026 16:21 A maritime agency said a vessel was hit by an unknown projectile in the Strait of Hormuz, underscoring ongoing security risks in the vital shipping corridor. Hormuz ship hit lifts risk as Polymarket normal-traffic odds jump to 55% Strait of Hormuz…
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Ethereum’s Staking Tax May Already Be Obsolete Due To EthLabs
Ethereum is running out of money, according to former insiders. The warning has sparked one of the fiercest Ethereum governance debates in months: should the network fund developers by taxing staking rewards, or just rely on wealthy Ether holders to bankroll its ecosystem? At the center of the debate is a controversial proposal from Kleros…
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Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst
Bitcoin could fall further and faster if a large stack of long positions gets liquidated just below current prices, warns one analyst. Analyst ‘Reflection’ warned of a brutal Bitcoin liquidation cascade below $59,000, claiming over $1.6 billion in long leverage is stacked in one zone around $58,000 based on CoinGlass data. “In all my…
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Emergency Action as Magic Internet Money (MIM) Depegs 50%
Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic Internet Money (MIM), fell 50% below its $1 peg. “We’re acutely aware of the MIM depeg and are taking emergency actions to remedy the situation,” the team said on Wednesday. It said effective immediately, it will begin gradually “increasing…
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