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Cryptography News
Cryptopotato
1w
321
Image Credit: Cryptopotato
Everstake Brings Ethereum Experts Together to Explore Post-Pectra and Institutional Adoption
- Everstake hosted an AMA session with Ethereum experts to discuss post-Pectra world and institutional adoption.
- The discussion focused on institutional staking and Ethereum's readiness for enterprise-grade participation.
- Speakers highlighted Ethereum's evolving infrastructure to accommodate institutional needs without compromising decentralization.
- The full discussion on institutional staking is available on Everstake’s blog.
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Cryptopotato
1w
342
Image Credit: Cryptopotato
This Trader Was Liquidated 8 Times in a Week, Losing Millions
- A trader operating as 'qwatio' faced significant losses, with 8,000 ETH and 280 BTC partially liquidated in a week, totaling millions of dollars.
- The trader's high-risk, high-leverage positions on Hyperliquid led to substantial profits but also liquidations, prompting the platform to cap ETH leverage at x25 to prevent further losses.
- Despite recovering from previous losses and making significant profits in different wallets, the trader faced a series of six liquidations within days, resulting in a total loss of around $10 million.
- This trader's risky trading behavior mirrors that of another high-stakes player, James Wynn, who also experienced substantial gains followed by significant losses in a short period.
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Coindoo
1w
351
Image Credit: Coindoo
XRP Ledger Expands with Launch of Ethereum-Compatible Sidechain
- Ripple, in partnership with Peersyst and Axelar, has launched the new XRPL EVM Sidechain, enabling developers to build or migrate Ethereum-based dApps into the XRP ecosystem.
- The sidechain leverages Evmos software for full EVM support, allowing applications like lending, tokenization, and payments with low fees and high-speed transactions on the XRP ledger.
- Axelar's bridge connects the sidechain to XRPL's mainnet, facilitating cross-chain transfers including wrapped XRP as the gas token for the EVM chain.
- The launch is seen as a step towards full interoperability, with DeFi players like Band Protocol and upcoming dApps expected to go live on the XRPL EVM Sidechain, positioning it as a major hub in the multichain DeFi landscape.
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Coindoo
1w
115
Image Credit: Coindoo
Pi Coin Slides, But Signals Hint at Potential Rebound
- Pi Coin's recent drop in price has traders' attention as volume surged by 11% to $90 million following ecosystem updates during Pi Day 2 event.
- Technical analysts suggest Pi might be poised for a reversal with a possible double-bottom formation near $0.40, hinting at a move towards $1 and potentially higher levels.
- Bullish signals include a falling wedge pattern, shrinking volatility indicators, and ecosystem expansions like Pi AI Studio, Directory Staking model, and a $100 million fund for app development.
- Amid hopes for a potential rally, caution exists as a drop below $0.4047 could negate bullish scenarios and increase the risk of further downside.
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Coindoo
1w
248
Image Credit: Coindoo
Bitcoin Could Reach $150K as Corporate Demand Builds, Says Analyst
- An analyst suggests that Bitcoin could reach $150K as corporate demand builds.
- BTC has been trading between $100K and $110K, but signs indicate momentum shifting in favor of the bulls.
- Companies like MicroStrategy, Tesla, and Semler Scientific are accumulating, potentially driving the price up.
- While macroeconomic shifts could impact this trajectory, under current conditions, the analyst expects Bitcoin to move towards $140K-$150K.
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Bitcoinmagazine
1w
402
Kazakhstan Plans To Establish Bitcoin and Crypto Reserve
- Kazakhstan's National Bank plans to establish a state Bitcoin and crypto reserve, signaling a shift in the country's approach to Bitcoin amid growing institutional adoption.
- The bank is developing a framework for the formation and management of Bitcoin and crypto reserves through a specialized subsidiary focused on alternative investments, as per National Bank Chair Timur Suleimenov.
- The initiative aims to diversify Kazakhstan's financial reserves and reduce reliance on traditional currencies, potentially including confiscated Bitcoin, crypto-assets, and state-mined crypto.
- Kazakhstan's move aligns with global trends of institutional interest in Bitcoin, with efforts underway to establish legal frameworks for the reserve and regulate the country's crypto market.
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Coinjournal
1w
801
Image Credit: Coinjournal
PYTH price surges as Pyth Network records 200% increase in volume
- PYTH price surged 30% from its June all-time low of $0.08, with trading volume increasing by 200%.
- Technical indicators and rising open interest indicate bullish potential for the Pyth Network's altcoin.
- Despite recent volatility, Pyth Network's oracle protocol is strengthening its market position.
- PYTH is up 6% in 24 hours and 30% from its recent low, showing a growing bullish sentiment.
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Coindoo
1w
21
Image Credit: Coindoo
Iran’s Top Crypto Exchange Struggles Back After $100M Hack
- Iran’s top crypto exchange, Nobitex, is recovering after a $100M hack claimed by a pro-Israel hacker group.
- Nobitex is cautiously resuming operations by allowing verified users access to wallets, warning against depositing to old addresses to prevent asset loss.
- Withdrawal functions on Nobitex are set to resume on June 30, with other services like deposits and trading to follow at a later date.
- Iranian regulators are imposing stricter regulations on the crypto sector following the breach, with increased cyberattacks reported globally.
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Financemagnates
1w
304
Image Credit: Financemagnates
Iranian Crypto Exchange Nobitex Announces Partial Resumption of Operations After Security Breach
- Iranian crypto exchange Nobitex has partially resumed operations after a cyberattack that caused a loss of nearly $100 million.
- The exchange confirmed the partial restoration of operations, with trading and deposits still being suspended.
- Nobitex warned users against sending funds to old wallet addresses, as they are no longer valid due to a wallet system migration.
- The cyberattack by a pro-Israeli hacker group led to the movement of stolen funds using wallet addresses with anti-Iranian messages, impacting Iran's financial sector amid geopolitical tensions with Israel.
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Coindoo
1w
1.1k
Image Credit: Coindoo
The Ultimate Showdown: Ethereum vs. Solana – Which Goliath Will Seize Absolute Control of the Smart Contract Universe in 2025?
- Ethereum faced challenges in late 2024 and early 2025, including a 40% price drop, as Solana surged ahead, doubling its TVL with high-speed performance and increasing developer activity.
- Ethereum relies on Layer 2 solutions while Solana introduced Firedancer for high throughput, competing in scalability for retail dApps, gaming, and DePIN protocols.
- Ethereum leads in DeFi and NFTs with $50 billion TVL; Solana is catching up in sectors like DePIN and NFT gaming, offering a smoother user experience.
- Ethereum's fees have reduced with L2 adoption, but Solana maintains low fees and offers a simple user experience, attracting retail users and meme coin traders.
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Coindoo
1w
994
Image Credit: Coindoo
Investors Pour Billions Into Crypto for 11th Straight Week
- Investors have poured billions into crypto for the 11th consecutive week, totaling nearly $18 billion in 2025.
- Data from CoinShares shows that digital asset funds globally have reached $184.4 billion in assets under management, driven by escalating geopolitical tensions and central bank policy uncertainty.
- Bitcoin attracted $2.2 billion in inflows last week, while Ethereum-based products pulled in $429 million, marking their longest inflow streak since 2021.
- Crypto investment products are gaining popularity amidst economic instability, with U.S.-based funds dominating and regions like Europe and some Asian countries also participating in the trend.
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Coinjournal
1w
184
Image Credit: Coinjournal
Chainlink price analysis as exchanges see net outflows of 3.8M LINK
- Chainlink has experienced net outflows of 3.86 million LINK from exchanges since June 20, indicating long-term accumulation.
- LINK is trading above $13, up 12% in the past week following a recent partnership with Mastercard.
- Price targets for bullish investors include a rally to $25–$30, while bears may target lows of $10.
- The recent Mastercard partnership has fueled optimism around LINK's role in both traditional and decentralized finance, with the potential for a bullish breakout if it surpasses the $14 resistance level.
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Coindoo
1w
17
Image Credit: Coindoo
Michael Saylor’s Strategy Boosts Bitcoin Holdings to Nearly 600K BTC With New $531M Purchase
- MicroStrategy, led by Michael Saylor, purchased an additional $531 million worth of Bitcoin, bringing their total holdings to 597,325 BTC.
- The average price per coin for this latest purchase was around $106,801, contributing to an average holding value of $42.4 billion at an average cost of $70,982 per coin.
- Saylor reiterated the company's commitment to Bitcoin as a long-term asset and central treasury reserve, showcasing a 19.7% year-to-date return on their Bitcoin investments in 2025.
- Despite price fluctuations, MicroStrategy's continuous Bitcoin accumulation strategy solidifies its position as the largest corporate Bitcoin holder globally, emphasizing a bet on Bitcoin's long-term growth amid renewed market optimism.
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Coindoo
1w
248
Image Credit: Coindoo
Trader Loses $12.5M in a Week While High-Stakes Crypto Bets Backfire
- A trader faced significant losses of $12.5 million over a week due to multiple liquidations on high-stakes crypto bets.
- The trader's losses were incurred through liquidations on leveraged positions in Ethereum and Bitcoin, with new liquidation levels set dangerously close to current prices.
- Another trader, James Wynn, engaged in a 40x short on Bitcoin but reversed to a long position when Bitcoin prices dropped. Wynn has a history of high-risk trades with substantial losses.
- While some traders faced losses, an unknown trader managed to turn an initial $6,800 investment into $1.5 million by providing liquidity on a major exchange, showcasing the volatility and potential gains in the crypto market.
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Coindoo
1w
423
Image Credit: Coindoo
SEC to Rule on Grayscale Crypto Fund This Week
- This week, the SEC is expected to make a final decision on the Grayscale Digital Large Cap Fund (GDLC), an ETF comprising top cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano.
- ETF analyst Nate Geraci believes the fund has a strong chance of approval, potentially paving the way for individual altcoin ETFs.
- Standalone ETFs for assets like XRP, Solana, and Cardano are not anticipated until late 2025, with industry watchers monitoring the SEC's handling of the GDLC as it could indicate a shift in regulatory attitudes.
- The decision on GDLC could impact the future of altcoin ETFs in the U.S., with a possible broader shift in regulatory attitudes toward such investment products.
- The article is from Coindoo.
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