Ethereum Surges Toward $8000 Rally
Ethereum’s price structure mirrors past cycles, suggesting a potential rally to $8,000 as it breaks out from current compression. Current trading range is near $2,200.
Bitcoin Faces Resistance at $78,400
Bitcoin trades between $76,900 and $77,465 as momentum weakens with bearish signals; volume near $33B while traders eye $78.4K resistance. #Update #Crypto $BTC
Oil Inventories Plunge at Record Pace
Global oil inventories have dropped by over 250 million barrels since April due to Iran-related disruptions at the Strait of Hormuz, warns the International Energy Agency. #Update #Market
Bitcoin Depot Files Bankruptcy Amid Regulations
@BitcoinDepot, a major U.S. cryptocurrency ATM operator, has filed for voluntary bankruptcy due to regulatory pressures, planning asset sales and restructuring in Canada amid tightening compliance challenges. #Breaking #Crypto $BTC
XRP Validators Approve Major XRPL Upgrade
@Ripple has released a significant upgrade to the XRP Ledger (XRPL), enhancing NFTs, permissioned domains, vaults, and the Lending protocol for improved stability and security. #Update #Crypto $XRP
Ethereum Markets Normalize as Aave Recovers WETH
Aave has temporarily frozen WETH, rsETH, and wrsETH reserves as a precaution following the Kelp DAO exploit. Normal operations for WETH markets are resuming amid recovery efforts. #Update #Crypto $AAVE
Payments Network Launches Tokenization Revolution
The U.K. financial watchdog and central bank announced a roadmap for tokenization, promoting stablecoins for institutional settlements and a shift to 24/7 operations. #Update #Crypto
Bitcoin Crashes Under $77K Amid Sell-Off
Bitcoin fell below $77,000 as U.S. Treasury yields surged, causing $1 billion in ETF outflows and over $670 million in crypto liquidations. #Update #Crypto $BTC
XRP Ledger Surges 121% Overtaking Solana
The XRP Ledger saw a 120.97% rise in real-world asset value to $2.43B in 30 days, with CRX Digital Assets leading growth; active RWA holders increased by 26.32%. #Update #Crypto $XRP
BC.GAME Roobet Join Statto.com Revival
LuckyVerse Projects Ltd partners with @BCGAME and Roobet for Statto.com revival, enhancing development before FIFA World Cup relaunch. #Update #iGaming
JPMorgan Warns of Excess Market Exuberance
JPMorgan’s Jamie Dimon warns of excessive market exuberance amid all-time highs, citing risks from geopolitical tensions and inflation, while corporate profits and AI productivity drive investor optimism. #Update #Crypto $BTC (-5) ↘
Standard Chartered Acquires Zodia Custody Control
Standard Chartered to acquire Zodia Custody’s crypto operations, expanding digital asset services in the UK and Australia. Zodia Solutions to become independent SaaS firm. #Update #Crypto
Crypto Scheme Extradites Ukrainian in $340M Fraud
Elena Oblamska extradited to the U.S. from Thailand faces charges in a $340M crypto pyramid scheme, Forsage; three suspects remain at large. #Breaking #Legal $ETH
Kraken Cuts 150 Jobs Amid AI Push
@Kraken has laid off 150 employees as part of cost-cutting measures, potentially delaying its IPO to 2027 amid ongoing job cuts in the crypto sector. #Update #Crypto $BTC