Ethereum Whales May Be Engaging in a Second Round of Profit-Taking, Suggesting Cautious Market Outlook

Ethereum whales have initiated a second wave of profit-taking, signaling a cautious stance among large holders amid recent price fluctuations. Data from CryptoQuant reveals that accounts holding over 100,000 ETH are actively reducing their positions, which may temper expectations for immediate price rallies. According to COINOTAG, “ETH whales have now completed 2 profit-taking events,” underscoring … Read more

Ethereum Staking Surges Past 35 Million ETH, Reaching New All-Time High with 28.3% of Total Supply

According to recent data from Cryptorank, the total amount of ETH staked has surpassed 35 million ETH, marking a significant milestone in the Ethereum ecosystem. This figure represents approximately 28.3% of the total ETH supply currently locked in staking contracts, underscoring growing investor confidence in Ethereum’s proof-of-stake consensus mechanism. The surge in staking activity reflects … Read more

Saylor’s Strategy Premium Not ‘Unreasonable’

Blockstream CEO Adam Back says Michael Saylor’s Strategy (MSTR) stock premium is within reason, considering how fast the firm’s market net asset value (mNAV) has historically reduced risk exposure for investors. “It turns out in the case of MicroStrategy it’s been 16 months, 18 months,” he told Bitcoin podcaster Stephan Livera at BTC Prague on … Read more

Bitcoin RSI Falls Below 40 as $100K Support Weakens

Bitcoin faces critical support at $100K, with $96K as the next target if breakdown occurs. Skew and Altcoin Sherpa highlight weak weekend liquidity and a low-volume gap below current levels. RSI at 39.5 reflects declining momentum and potential for further downside. Bitcoin entered the weekend under selling pressure, testing major technical levels amid declining momentum … Read more

Binance Alpha Trading Volume Drops to $6.12 Billion, Hits New Low Since May 14th

According to data from the @pandajackson42 dashboard, Binance Alpha recorded a trading volume of $6.12 billion on June 21st. This figure marks a continued decline in daily volumes, reaching the lowest point since May 14th. Notably, the BR token dominated with a trading volume of $3.13 billion, while AB and KOGE followed with $85.68 million … Read more

The World Needs Crypto: Coinbase CEO Says Bitcoin Could Become Global Reserve Currency

Amid spiraling global debt and inflation, Coinbase’s CEO champions cryptocurrency as essential for financial freedom, with bitcoin poised to become the world’s next reserve currency. Economic Turmoil Fuels the Rise of Cryptocurrency as a Global Solution Mounting concerns over global economic instability are putting renewed focus on cryptocurrencies as potential solutions to systemic financial issues. … Read more

Wyoming Selects Solana and Aptos for State-Backed Stablecoin, Suggesting Possible Boost in Digital Currency Adoption

Wyoming’s Stable Token Commission has officially selected Aptos and Solana as the foundational blockchains for its innovative state-backed stablecoin initiative, signaling a significant step in U.S. digital currency adoption. This fiat-backed stablecoin project integrates LayerZero technology, enhancing scalability and cross-chain interoperability, which could redefine public finance operations within the state. According to Aptos Labs, “The … Read more