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Ethereum News
Livebitcoinnews
3w
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Altcoins Trigger $1B Crypto Crash Amid Rising Tensions
- Altcoins spearheaded a significant crypto market crash, with geopolitical tensions leading to over $1 billion in liquidations.
- Bitcoin faced a modest decline to $103.2K but recovered slightly to $105,015.36, marking a 0.65% gain.
- Ethereum dropped 7.8% to $2,458 post-attack, currently at $2,531.37 with a 0.54% increase in the last week.
- The Israeli airstrike on Iran caused panic selling, impacting altcoins like Solana and XRP with substantial losses.
- Geopolitical turmoil prompted a shift to safe-haven assets like gold and the US dollar, benefiting stablecoins.
- Bitcoin's resilience compared to altcoins during the crisis hints at its potential as a safe haven asset.
- The total crypto market cap declined by 3.7% to $3.26 trillion amidst broader risk-off sentiment.
- Investors eye Bitcoin's technical support at around $101,000, with uncertainties surrounding potential further dips.
- Recovery prospects remain uncertain as markets await Iran's response to the Israeli attack, with some seeing the crash as a buying opportunity.
- Whales reportedly bought 30,000 Bitcoin worth approximately $3 billion during the crash, signaling confidence in a potential rebound.
- The situation in the Middle East must de-escalate for long-term market stability and recovery.
- The market's sensitivity to global events highlights the liquidity challenges faced by cryptocurrencies during crises.
- Bitcoin's price held up relatively well, declining by 2.2% compared to significant losses witnessed by altcoins.
- Altcoins like Solana and XRP experienced substantial drops, reflecting heightened market volatility.
- Investors are closely monitoring geopolitical developments as they impact the crypto market and overall investment landscape.
- The crypto market reaction underscores the importance of global events in influencing digital asset valuations.
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Bitcoinist
3w
106
Image Credit: Bitcoinist
Analyst Drops Bearish Bombshell: Bitcoin To $93,500, Ethereum To $2,100, XRP To $1.6
- Bitcoin has been trading around $105,000 for the past 24 hours, with Ethereum trying to maintain above $2,500 and XRP above $2.10.
- Analysts have mixed views on the market sentiment, with some expecting bullish momentum and others like Warren MUPPET predicting a significant downside correction for Bitcoin and other major cryptocurrencies.
- Warren MUPPET shared a forecast of a crash scenario for Bitcoin to $93,500, Ethereum to $2,100, and XRP to $1.6, among others, indicating a bearish outlook.
- The market is currently in a consolidation phase, with the Fear & Greed Index at a neutral 52, leaving the sentiment open for a swing in either direction.
- The possibility of a sharp correction is hinted with projections pointing to significant price drops for various cryptocurrencies, potentially driven by negative sentiment in the market.
- Bitcoin, Ethereum, and XRP had reached these projected price levels just two months ago in April, lending credibility to the warning of a possible market downturn.
- Past data indicates that bearish trends often follow extended consolidation periods in high price ranges, signaling a potential market crash if Bitcoin falls under $100,000, impacting other cryptocurrencies as well.
- The future market direction hinges on Bitcoin's ability to stay above $100,000, as a weakening sentiment could lead to the realization of the analyst's price projections.
- Current prices show Bitcoin trading at $105,096, Ethereum at $2,540, XRP at $2.16, and Hype at $42.
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Livebitcoinnews
3w
84
Image Credit: Livebitcoinnews
Spot ETHer ETFs See Outflow After Record Inflow Streak
- After 19 consecutive days of inflows, spot Ethereum ETFs experienced a net outflow of $2.1 million on June 13, following a streak that totaled $1.37 billion.
- The outflow represents a pause in institutional interest despite recent strong inflows, led by BlackRock's ETHA fund.
- ETH's price was $2,538.04 on June 14, down 0.21%, with a market cap of $306.39 billion.
- BlackRock's ETHA fund garnered $972 million, contributing 70% of the total 19-day inflow streak.
- Market dynamics show a slightly decreased ETH price from the previous month, yet there are talks of including staking features by mid-October.
- Bitcoin ETFs experienced inflows while ETH ETFs saw outflows, reflecting diverse investor sentiments.
- The network activity and decentralized exchange volume of ETH remain significant, despite high base-layer fees.
- Institutional demand in the crypto market is maturing, as indicated by recent ETF performance.
- The market is heavily concentrated around BlackRock, Grayscale, and Fidelity-run funds.
- Regulatory news and potential changes in ETF features may affect investor demand for ETH ETFs.
- The recent outflow could signify a temporary pause rather than a reversal in institutional participation.
- In summary, ETH ETFs saw a record inflow streak followed by a notable outflow, reflecting evolving investor sentiments in the crypto market.
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TronWeekly
3w
115
Image Credit: TronWeekly
Crypto Crime Surge: Germany Sees 8.2% Rise in AML Reports
- Germany's Financial Intelligence Unit (FIU) reported an 8.2% increase in anti-money laundering reports related to cryptocurrencies in 2024.
- Banks filed over 6,000 suspicious activity reports linked to fraudulent crypto transactions in various online platforms.
- FIU emphasized the need for AI tools to combat complex money laundering methods associated with digital assets.
- A significant number of reports involved Bitcoin, Ethereum, XRP, Tether, and Litecoin transactions on digital asset platforms, mixers, and online gambling sites.
- Investigators uncovered a network involving 44 bank accounts and eight crypto trading accounts, showcasing criminal groups' use of both traditional and digital financial systems.
- Authorities highlight the challenge of tracking decentralized crypto systems with traditional detection models, calling for advanced monitoring techniques.
- Financial crime experts globally observe a rise in crypto-related reports, emphasizing the difficulty faced by institutions in keeping pace with technological advancements in digital asset abuse.
- Experts anticipate that the MiCA framework could enhance Know Your Customer (KYC) standards in Europe, improving identification and tracking systems to combat digital asset misuse.
- Tobias Schweiger, an anti-financial crime expert, suggests that AI-based tools will bolster real-time surveillance on platforms, aiding in the detection and prevention of suspicious flows.
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Zycrypto
3w
265
Image Credit: Zycrypto
Cardano’s Hoskinson Declares Second Half of 2025 Will Be Explosive for XRP, Ether, DOGE, Solana, Shiba Inu
- Cardano's Charles Hoskinson predicts a bullish second half of 2025 for altcoins like XRP, Ether, DOGE, Solana, and Shiba Inu amidst the ongoing debate on altcoin season in the crypto community.
- Hoskinson expressed optimism during a recent YouTube AMA session, suggesting that altcoins could see a significant price increase in July and the following months.
- Bitcoin is showing signs of recovery after struggling to stay above $110,000, with renewed buying pressure possibly indicating further gains.
- While Bitcoin may continue to outperform, altcoins like Ether, SOL, and DOGE have outpaced Bitcoin in the past week, with gains of 7.94%, 6.10%, and 5.65% respectively.
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Bitcoinist
3w
225
Image Credit: Bitcoinist
Can Ethereum Price Return To $4,000? Analyst Says ETH Needs To Hold Above This Support
- Ethereum price surged above $2,800 but fell towards $2,500 due to tensions in the crypto market.
- Analyst Rekt Capital sees $2,500 as a crucial support level for Ethereum's price stability.
- Historical data suggests that holding above $2,500 could lead Ethereum price back to $4,000.
- Previous rallies to $4,000 following support at $2,500 were highlighted by Rekt Capital.
- Ethereum's price last reached $4,000 in December 2024, potentially signaling a new altcoin season.
- Current ETH price is around $2,577 with a 3% decline in the last 24 hours.
- Ethereum Dominance has reached a five-year high, hitting 10% market dominance for the first time since 2020.
- Improving Ethereum Dominance could lead to an extended upside run for the altcoin and a possible altseason.
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Bitcoinist
3w
110
Image Credit: Bitcoinist
Ethereum Wins Big In ETF Race As Institutional Cash Pours In
- US spot Ethereum ETFs received a surge of 154,000 ETH in the past week, significantly more than Bitcoin funds, which managed 7,800 BTC in the same period.
- The considerable inflow into Ethereum ETFs reflects growing interest in its versatile applications, including DeFi and staking rewards.
- Ethereum experienced a record day on June 11, with 77,000 ETH inflows, hinting at increasing institutional attention as its price approaches $3,000.
- There is a rising appeal for Ethereum due to staking opportunities, with rumors suggesting some ETFs may soon offer staking‑enabled shares, making them more attractive than Bitcoin funds.
- Second‑layer solutions like Optimism and Arbitrum are enhancing Ethereum's usability by reducing fees and speeding up transactions, attracting more developers and users.
- While Bitcoin still leads in total ETF assets, its recent inflows have been relatively flat, with 7,800 BTC added this week, showing some volatility compared to Ethereum.
- Investors are seeking assets with real‑world applications and growth potential, leading to Ethereum's popularity due to its role in DeFi, NFTs, and smart contracts.
- Ethereum's broad utility compared to Bitcoin's primarily store-of-value proposition could drive further investment if ETF momentum continues in its favor.
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Newsbtc
3w
216
Image Credit: Newsbtc
Investors Are Fleeing Ethereum, On‑Chain Numbers Reveal
- Ethereum faced a setback in crossing the $3,000 mark after global tensions escalated due to Israel's airstrike against Iran.
- The cryptocurrency market, including Ethereum, experienced a fresh wave of downward pressure following the geopolitical tensions.
- On-chain analyst Amr Taha highlighted a decline in Ethereum Open Interest (OI) on Binance, signaling a bearish sentiment.
- The drop in OI suggests panic-induced selling as investors exited long positions amidst fear of deeper losses.
- The decrease in Ethereum OI coincided with a significant Bitcoin outflow from Coinbase, indicating potential strategic repositioning by large investors.
- The outflow of Bitcoin from exchanges suggests a shift in capital from Ethereum back to Bitcoin, impacting the ETH price negatively.
- Ethereum's price currently stands at around $2,546, reflecting a nearly 4% decline in the past 24 hours.
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Bitcoinist
3w
416
Image Credit: Bitcoinist
Ethereum Foundation Donates $500,000 To Tornado Cash Co-Founder’s Legal Defense
- The Ethereum Foundation has pledged a $500,000 donation for the legal defense of Tornado Cash co-founder Roman Storm facing multiple charges related to operating a crypto mixer.
- The foundation also plans to match up to an additional $750,000 in donations from the crypto community for Storm's defense.
- Storm is set to stand trial in New York facing charges including conspiracy to commit money laundering, conspiracy to violate US sanctions, and conspiracy to operate an unlicensed money-transmitting business.
- If found guilty, Storm could face up to 45 years in prison.
- The Ethereum Foundation emphasized that 'privacy is normal, and writing code is not a crime' in a statement regarding its support for Storm.
- Storm has been trying to have the charges dismissed, but the trial is scheduled to commence on July 14.
- The Tornado Cash co-founder aims to raise about $2 million for his legal defense.
- Storm reached out to the crypto community on social media, expressing the weight of the legal battle and its potential impact on decentralized finance.
- He highlighted the importance of privacy and the right to code in his message.
- Storm thanked the Ethereum Foundation for its donation, emphasizing the significance of standing up for privacy and coding rights in his legal defense.
- The crypto community is rallying support for Storm amidst the upcoming trial.
- Storm's arrest in 2023 has sparked discussions around privacy in the crypto space.
- Despite prosecutors intending to drop one charge, Storm maintains his innocence.
- The trial outcome could have implications for decentralized finance.
- Storm's plea for support underscored the broader significance of the case and its potential impact on the community.
- The $500,000 donation from the Ethereum Foundation is a significant step towards Storm's legal defense fund.
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Coindoo
3w
101
Image Credit: Coindoo
Short Squeeze on Binance Triggers Market Shock Amid Rising Derivatives Activity
- A short squeeze on Binance led to a market shock as late sellers were forced to exit trades at a loss.
- The liquidation cascade was driven by overcrowded leveraged short positions on Ethereum.
- Late short sellers were caught off guard as Ethereum prices began to rise, triggering forced closures and market buy orders.
- Positive funding rates indicated a shift toward bullish momentum in the derivatives market.
- There was a significant increase in Ethereum transfers to derivative exchanges starting June 13, suggesting a strategic capital influx.
- The ETH deposits could be for hedging existing spot exposure or establishing new short positions after the squeeze.
- The evolving interplay between liquidations, funding rates, and exchange flows will influence Ethereum's next moves.
- A short-term correction might reset overheated funding rates, with increasing ETH balances on exchanges hinting at potential market volatility.
- The response of derivatives traders in upcoming sessions will determine whether the market sees further upside or bearish positioning.
- Traders are advised to monitor funding rate shifts and ETH netflows for insights into Ethereum's near-term price trajectory.
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TechBullion
3w
22
Image Credit: TechBullion
BlockDAG Hits $304M Without VC Funding: Is This the Most Trusted Crypto of 2025?
- BlockDAG raises $304 million in its 29th public presale batch without VC funding or private deals, emphasizing community participation in its success.
- Unlike Ethereum and Solana, which relied on private access and institutional backing, BlockDAG's community-powered model is gaining traction.
- BlockDAG's strength lies in its transparent public contribution approach, avoiding advantages given to insiders seen in other crypto projects.
- Over $304 million raised from everyday contributors showcases public interest can rival VC-driven momentum.
- BlockDAG's distinctiveness stems from equal opportunities for all participants, contrasting with projects favoring early insiders.
- The project eliminates early-stage advantages by starting everyone equally, fostering community-driven growth and engagement.
- With over 22.6 billion BDAG coins sold, BlockDAG's success can be attributed to its public chats, active communities, and the X1 miner app with over 2 million users.
- The X1 app democratizes mining by allowing anyone to participate directly, emphasizing person-to-person engagement over institutional adoption.
- BlockDAG's approach focuses on grassroots, people-first strategies without corporate hierarchy, promoting real-time engagement and user-driven progress.
- The project stands out from traditional crypto launches with no high fees, hidden governance, or unfair early access, prioritizing openness and real-time engagement.
- BlockDAG's commitment to consistent delivery, public support, and genuine demand sets it apart from projects shaped by private rooms and exclusive deals.
- The project's emphasis on public access, engagement, and meaningful connections with users distinguishes it from other headline-grabbing crypto projects.
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Zycrypto
3w
150
Image Credit: Zycrypto
Tornado Cash Founder Roman Storm Stands Trial Next Month for Money Laundering Charges
- Roman Storm, co-founder of Tornado Cash, is facing trial on July 14 for money laundering and operating an unlicensed money transmitter.
- Tornado Cash is a cryptocurrency-mixing service allowing increased privacy but has been used by hackers to launder money.
- The Ethereum Foundation supports Storm, advocating for privacy and defending the role of developers in the DeFi market.
- US authorities allege Tornado Cash laundered over $1 billion in illicit funds, enabling criminals to disguise transactions.
- The case against Storm signifies a change in US crypto regulation, following a scaling back of regulatory activities.
- Storm's defence argues the case threatens open source innovation and could harm the DeFi market.
- The DOJ sought Storm to implement KYC procedures with Tornado Cash, which he believes would render the service obsolete.
- Storm faces challenges in presenting expert witnesses during his trial, with the DOJ dismissing their relevance to the case.
- The Ethereum Foundation donated funds for Storm's defence, stating their belief in his innocence and the importance of privacy technologies.
- A hacker who stole $23 million in crypto from Bittrue exchange in 2023 is laundering the funds through Tornado Cash, potentially complicating the case.
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Cryptoticker
3w
53
Image Credit: Cryptoticker
Ethereum to $10,000 in 2025? Why Institutions Are Betting Big on ETH
- Institutions like BlackRock have accumulated $240 million worth of Ethereum (ETH) in anticipation of the spot ETF launch.
- There is a focus on future SEC approval of staking-based ETFs, which could provide passive income opportunities through ETH staking.
- Ethereum's deflationary supply post-merge and tokenization of Real World Assets (RWA) on its network make it an attractive investment option for institutions.
- Retail investors are observing institutional movements towards ETH, indicating a potential shift in the market.
- The current Ethereum price is around $2,533, holding above the support level of $2,475, with resistance at $2,591 and $2,732.
- Chart analysis suggests ETH must surpass the 200 EMA at $2,591 to confirm bullish momentum and target a breakout above $2,732 towards $3,000+.
- Ethereum's price path to reach $10,000 involves factors like increasing institutional interest, upcoming ETFs, reducing supply due to staking and burning mechanisms, and its dominance in various crypto sectors.
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Coindoo
3w
450
Image Credit: Coindoo
Why Ethereum Is Headed to $10,000, According to Top Analyst
- Top Analyst predicts Ethereum could reach $10,000 by 2025.
- Interest in Ethereum not just due to spot ETH ETFs but also anticipation of SEC approval for staking-enabled ETH ETFs.
- Prediction based on factors like yield generation from staking, dominance in crypto tech, asset tokenization trends, deflationary supply post-merge, and passive income from staking-based ETFs.
- Institutional investors seen as strategically positioning themselves in Ethereum ahead of retail investors.
- Ethereum evolving from speculative asset to a yield-bearing platform with increased mainstream finance integration.
- Article source: Coindoo.
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TronWeekly
3w
66
Image Credit: TronWeekly
CEX Liquidations Soar to $1.16 Billion: How Geopolitical Tensions Are Shaping Crypto Volatility
- CEXs experienced $1.16 billion in liquidations following Israel's strike on Iran, leading to market disruptions.
- Binance and Bybit led in liquidations, contributing over 71% with a total of $834 million.
- Bitcoin, Ethereum, and other cryptocurrencies faced significant declines due to geopolitical tensions.
- Geo-political crisis linked to an Israeli military attack on Iran resulted in a substantial spike in liquidations on centralized exchanges.
- Binance led in liquidations with $458 million, followed by Bybit with $376 million.
- Market volatility intensified as other exchanges such as OKX and Gate.io suffered significant losses.
- Smaller exchanges like HTX and CoinEx also faced notable liquidations during the market crash.
- Bitcoin witnessed the highest liquidation of $448 million, followed by Ethereum with $304 million.
- Solana, Dogecoin, and Ripple also experienced substantial declines in liquidation volumes.
- Bitcoin price dropped to $105,920, while Ethereum decreased by 3.02% to $2,573.
- The high volatility in the cryptocurrency market, especially in Bitcoin and Ethereum, underlines the impact of geopolitical uncertainties.
- The increased liquidations emphasize the risks of trading cryptocurrencies with leverage and the importance of cautious trading practices.
- Analysts warn of potential future volatility due to ongoing geopolitical uncertainties in the Middle East.
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