Force, a cross-chain bridge on Nervos Network, has lost about $3 million in ETH, stablecoins, and wrapped BTC in an apparent DeFi hack.
Analysts attributed the growth momentum to regulatory clarity on stablecoins and increased adoption of DeFi.
Elon Musk says X's new direct messaging feature will have “Bitcoin-style encryption,” which Bitcoiners were quick to correct and explain the technicalities.
BitMEX says it foiled a Lazarus phishing attempt posing as an NFT collab, citing sloppy tradecraft and reused tactics.
A summary of all the biggest job movements in the crypto industry during May, including hires and advisory positions.
Metaplanet has strengthened its Bitcoin position with a fresh purchase of 1,088 BTC worth $117.3 million. This latest move brings the company’s total Bitcoin holdings to 8,888 BTC. The investment highlights Metaplanet’s growing confidence in Bitcoin as a long-term asset. As more companies add Bitcoin to their balance sheets, Metaplanet continues to stand out with …
The crypto market is getting ready for its next big bull run in 2025, and artificial intelligence (AI) projects are showing strength. After the recent craze around meme coins and popular tokens, several AI-powered crypto projects are showing early signs of growth. An analyst has listed altcoins that will surge and hit new highs: Virtuals …
South Korea’s leading presidential candidates have both promised to legalize spot crypto ETFs, ease current regulations and launch a won-backed stablecoin.
ZachXBT said there were suspicious outflows from hot wallets on multiple networks including Tron, Ethereum, Solana and Polygon.
Rumors are doing rounds on the internet that Fed Chair Jerome Powell is set to resign today (June 1, 2025), and rate cuts are on the way. However, many X Users have dismissed these claims as baseless, as there is no official evidence to back them. Massive Market Crash To Follow? Some experts believe that …
Tech experts question the new offering's claims of having Bitcoin-style encryption.
Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level. SOL price started a fresh decline from the $172 resistance zone against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $160 resistance zone. Solana Price Dips Again Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level. The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low. Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low. The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. Another Decline in SOL? If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level. A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $152. Major Resistance Levels – $160 and $162.
The long-running legal battle between the SEC and Ripple just took another dramatic turn. Judge Analisa Torres, who has been overseeing the case, has rejected a joint request from both Ripple and the SEC that aimed to wrap up the lawsuit once and for all. This latest move means the fight isn’t over yet. The …
“EagleEye” will be the first headset Meta will make in partnership with defence contractor Anduril, says the firm’s co-founder, Palmer Luckey.
Wintermute has created code that warns of malicious code in Ethereum delegate contracts to protect users from a new wallet-draining tactic.
XRP price started a fresh decline below the $2.220 zone. The price is now correcting losses and might aim for a move above the $2.20 resistance. XRP price started a fresh decline below the $2.220 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.2180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it fails to clear the $2.220 level. XRP Price Dips Again XRP price failed to clear the $0.3250 resistance and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.2800 and $0.2620 support levels. The price even dipped below the $0.20 support level. A low was formed at $0.2081 and the price is now consolidating losses. There was a minor move above the $0.2120 level. The price cleared the 23.6% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. The price is now trading below $2.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.220 level. There is also a key bearish trend line forming with resistance at $2.2180 on the hourly chart of the XRP/USD pair. It is near the 50% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. The next resistance is $2.250. A clear move above the $2.250 resistance might send the price toward the $2.280 resistance. Any more gains might send the price toward the $2.30 resistance or even $2.3250 in the near term. The next major hurdle for the bulls might be $2.40. Another Drop? If XRP fails to clear the $2.220 resistance zone, it could start another decline. Initial support on the downside is near the $2.1250 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.080. Major Resistance Levels – $2.20 and $2.220.
The integration of advanced encryption in XChat could significantly enhance user privacy, potentially setting new standards for secure messaging.
The post Elon Musk reveals new XChat adopts Bitcoin-style encryption appeared first on Crypto Briefing.
Ethereum price started a fresh decline from the $2,620 resistance zone. ETH is now trading below $2,580 and might continue to move down. Ethereum started a downside correction below the $2,600 level. The price is trading below $2,600 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it trades below the $2,470 support zone in the near term. Ethereum Price Dips Again Ethereum price started a fresh decline from the $2,650 support zone, like Bitcoin. ETH price failed to recover losses and extended its decline below the $2,600 level. The price even declined below the $2,550 level. A low was formed at $2,470 and the price is now consolidating losses. There was a move above the $2,500 level. Besides, there was a break above a key bearish trend line with resistance at $2,500 on the hourly chart of ETH/USD. The price tested the 23.6% Fib retracement level of the downward move from the $2,787 swing high to the $2,470 low. Ethereum price is now trading below $2,600 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,550 level. The next key resistance is near the $2,600 level. The first major resistance is near the $2,620 level. It is near the 50% Fib retracement level of the downward move from the $2,787 swing high to the $2,470 low. A clear move above the $2,620 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone or even $2,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,500 level. The first major support sits near the $2,470 zone. A clear move below the $2,470 support might push the price toward the $2,420 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,470 Major Resistance Level – $2,600
The world of cryptocurrency never stays quiet for long, and Pi Network is proving that right now. Recently, Pi Network has become the talk of the crypto space after getting listed on MEXC, one of the popular crypto exchanges. But while the listing was big news, the coin’s price has been on a wild roller …
The world of cryptocurrency never stays quiet for long, and Pi Network is proving that right now. Recently, Pi Network has become the talk of the crypto space after getting listed on MEXC, one of the popular crypto exchanges. But while the listing was big news, the coin’s price has been on a wild roller …
The founder of the darknet marketplace Silk Road, Ross Ulbricht, received 300 BTC, worth around $31.4 million, in a single donation from an unknown wallet, data from Arkham Intelligence shows. Ulbricht, who was sentenced to life in prison, received a full and unconditional pardon from U.S. President Donald Trump on January 21. He was released […]
The post Silk Road founder receives $31.4M BTC donation after bagging $1.8M in auction appeared first on CryptoSlate.
The price of XRP has been under pressure lately, and traders are closely watching some key levels on the charts. After recently hitting a high near $2.47, XRP has struggled to hold steady and has been stuck in a downtrend. At the time of writing, XRP is trading at around $2.17, slightly recovering after dipping …
Metaplanet steps closer to its previously announced year-end target of holding 10,000 BTC in its corporate treasury.
Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now consolidating and might aim for a recovery wave above $106,000. Bitcoin started a fresh decline below the $106,500 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $105,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started a fresh decline and traded below the $106,500 support zone. BTC even traded below the $105,500 level and tested the next support at $103,200. A low was formed at $103,200 and the price is now consolidating losses. There was a move above the $104,200 level and the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $105,550 level. There is also a key bearish trend line forming with resistance at $105,550 on the hourly chart of the BTC/USD pair. The first key resistance is near the $106,000 level. The next key resistance could be $106,800. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $105,000, followed by $104,200. Major Resistance Levels – $106,000 and $106,800.
Bitcoin still looks bullish, but some metrics are pointing to an overheated market, says CryptoQuant
Simon Kim, CEO of crypto venture capital Hashed, predicted that DEXs will overtake CEXs in trade volume in 2028.
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing […]
The post Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees appeared first on CryptoSlate.
Traders are maximizing short-term profit strategies as the long-term economic outlook becomes increasingly unclear, Arrash Yasavolian said.
One analyst said the longer-term outlook remains optimistic, with a possibility for a renewed push towards $115,000.
In a phased rollout, South Korea plans to allow publicly listed firms to trade crypto in the second half of this year.