China has long been the world’s toughest critic of crypto. Over the past decade, Beijing has banned exchanges, outlawed ICOs, and in 2021 went as far as declaring all crypto trading illegal. Now, the script is shifting. A Hangzhou-based electric vehicle firm has taken a step that could signal a new chapter in China’s relationship …
Whale movements can make prices plummet, a fact that manifests unmistakably after large sell-offs. Such volatility shakes investor sentiment and troubles the cryptocurrency market, often prompting retail investors to panic sell. The psychological repercussions of whale transactions can initiate a feedback loop, fueling uncertainty and fear that, in turn, drives further decline. Augmenting the unfortunate …
Ethereum has slipped to its lowest level in nearly two months, marking a sharp reversal after weeks of steady accumulation and new all-time highs. According to CryptoSlate data, ETH briefly fell to $3,993 on Sept. 25 before recovering slightly to trade around $4,030 at press time. The decline reflects a 4% daily drop and caps […]
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Mechanism Capital co-founder Andrew Kang escalated his critique of Tom Lee’s latest Ethereum investment case with an unusually blunt tirade on X, interlacing his rebuttal with a series of sharply worded assertions and data-driven claims. “Tom Lee’s ETH thesis is one of the most retarded combinations of financially illiterate arguments I’ve seen from a well known analyst in a while,” Kang wrote, before listing five pillars he says underpin Lee’s view: “(1) Stablecoin & RWA adoption; (2) Digital oil comparison; (3) Institutions will buy and stake ETH; (4) ETH will be equal to all financial infrastructure companies; (5) Technical analysis.” Is Tom Lee’s Ethereum Thesis Retarded? Kang’s central attack targets the idea that rising tokenization and stablecoin activity should translate into outsized fee capture for Ethereum. “Since 2020, tokenized asset value and stablecoin transaction volumes have increased 100–1000x… [but] fees are practically at the same level as in 2020,” he argued. He attributed the disconnect to “Ethereum network upgrades making tx’s more efficient,” activity moving “to other chains,” and the reality that “tokenizing low-velocity assets doesn’t drive much fees.” He distilled the point with a stark comparison: “Someone could tokenize a $100m bond and if it trades once every 2 years… A single USDT would generate more fees.” Related Reading: Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts The Mechanism Capital partner pushed the competitive angle further. “Most of the fees will be captured by other blockchains with stronger business development teams,” he wrote, naming “Solana, Arbitrum, and Tempo” as seeing “most of the early big wins,” and adding that “Tether is supporting two new Tether chains, Plasma and Stable,” explicitly intended to route USDT volume to Tether-controlled rails. Kang also dismissed Lee’s “digital oil” framing as analytically hollow. “Oil is a commodity… real oil prices adjusted for inflation have been trading in the same range for over a century with periodic spikes that revert… I agree ETH could be viewed as a commodity, but that’s not bullish,” he wrote. He extended the range analogy directly to Ether’s chart: “Looking at this chart objectively, the strongest observation is that Ethereum is in a multi-year range… we recently tapped the top of the range, failing to break resistance… I would not discount the possibility of a much longer $1,000–$4,800 range.” On relative performance, he added: “Long-term ETH/BTC is indeed in a multi-year range, but the last few years have mostly been dictated by a downtrend… The ethereum narrative is saturated and fundamentals do not justify valuation growth.” Related Reading: The ‘Once A Decade’ Bitcoin Moment No One Sees Coming On institutions, Kang argued that Lee’s premise—that banks and large corporates will accumulate and stake ETH to secure tokenization networks or as operating capital—misunderstands treasury behavior and value accrual. “Have large banks… bought ETH on their balance sheet yet? No. Have any of them announced plans to? Also no… Do banks stock up on barrels of gasoline because they continually pay for energy? No… Do banks buy stocks of asset custodians they use? No,” he wrote, calling the idea that staking demand from incumbents would underpin valuation a category error. Kang’s thread culminated in a withering assessment of Ethereum’s pricing dynamics: “Ethereum’s valuation comes primarily from financial illiteracy… [which] can create a decently large market cap… But the valuation that can be derived from financial illiteracy is not infinite… Unless there is major organizational change it is likely destined to indefinite underperformance.” Lee’s latest outlook, by contrast, has emphasized Ethereum’s suitability for Wall Street tokenization and its role as a “neutral chain,” with public targets clustered around $10,000–$12,000 by end-2025 and up to $62,500 in a favorable super-cycle. At publication time, ETH traded near $4,000. Featured image created with DALL.E, chart from TradingView.com
Ohio’s State Board of Deposit has approved a vendor to process cryptocurrency payments, including Bitcoin, for state fees and services. This decision follows months of effort led by Secretary of State Frank LaRose and Treasurer Robert Sprague. Ohio now becomes one of the first states to accept crypto for government transactions. LaRose highlighted growing demand …
The U.S. government is stepping up its focus on crypto regulation. In a latest update, the Senate Finance Committee has announced a hearing on crypto taxes. With experts from across the crypto and tax world set to testify, the session could be a key moment in shaping the future of crypto taxation in the U.S. …
On September 24, the US spot Bitcoin ETF saw a combined inflow of $241.00 million, while Ethereum ETFs continued their day 3 streak of outflow. It recorded a total net outflow of $79.36 million, as per the SoSoValue report. Bitcoin ETF Breakdown After two consecutive days of experiencing huge sell-offs, Bitcoin ETFs finally managed to …
M2 is backing the protocol’s bid to grow adoption of its synthetic dollar products across the Middle East.
Dogecoin (DOGE), the world’s biggest meme coin, is back in the spotlight as big whales just bought 2 billion tokens in just 48 hours. Surprisingly, despite this huge buying spree, DOGE slipped 4%, trading below $0.24. Perhaps, some experts say this could be a setup for a major move, with short-term targets around $0.78 and …
The sharper impact on bitcoin may be tied to significant selling from long-held coins, contributing to the deviation from the global M2 trend.
A new, hard-to-spot phishing campaign is hijacking crypto personalities’ X accounts by abusing X’s app authorization system to bypass passwords and 2FA.
Everyday shopping, travel and luxury purchases are going digital. Here’s where BTC, ETH and XRP are accepted in 2025.
A DAO member flagged risks and transparency issues, but Curve founder Michael Egorov said audits and safeguards address them.
Bitcoin slipped below $112,000 on Thursday despite $241 million in spot BTC inflows amid jitters over further Federal Reserve rate cuts.
Ethena, the fast-rising DeFi protocol behind the synthetic dollar USDe, has secured a $20 million investment from UAE-based M2 Capital. The move highlights the Middle East’s growing appetite for digital assets and its ambition to become a global hub for crypto finance. Exciting developments are happening around the globe! Read on. $20M Bet on Ethena’s …
Ethereum co-founder Vitalik Buterin has identified Peer Data Availability Sampling (PeerDAS) as a crucial tool for addressing the network’s growing blob storage demands. PeerDAS is a feature of the upcoming Fusaka upgrade. His remarks arrive as Ethereum records six blobs per block, a milestone that has intensified concerns about data bloat across the ecosystem. Blobs […]
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Turn social hype into smart signals with Grok 4: scan sentiment, summarize fundamentals and confirm onchain data before investing.
The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.
PeerDAS lets Ethereum nodes verify and reconstruct blocks without storing full data, paving the way for greater scalability.
After hitting its $124,000 all-time high back in July, the Bitcoin price has now moved back into a phase of struggling and consolidation. While many have called this out as only a temporary stop, expecting the Bitcoin price to continue its ascent once the decline is over, crypto analyst EXCAVO has taken a more bearish outlook. According to the analyst, the current market trend actually points to the end of the bull market and the beginning of the next bear market. Why The Bitcoin Price Will Crash In the analysis, EXCAVO outlined why they believe that the Bitcoin bear market was actually over. These were given as the classic signs of a top of the market, and there were three in total. The first of these is what the analyst referred to as “Universal Optimism.” This universal optimism simply points to the fact that everyone seems to be bullish at this point, in addition to seemingly bullish developments. EXCAVO points to the fact that governments are now accepting crypto and creating reserve funds as the reason universal optimism is a sign of the top. Related Reading: These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over Next is that corporate buying has continued, especially for the likes of Bitcoin. Public companies such as Strategy have accumulated massive reserves of Bitcoin, with Ethereum treasuries not left out. These treasury companies have now bought tens of billions of dollars’ worth of Bitcoin and Ethereum. Last but not least, is that positive news around crypto is currently dominating the media. The analyst believes that with so much positive news and investors being reluctant to sell as they wait for higher prices, such as $200,000, $300,000, and $500,000, it is a signal that the Bitcoin price has topped. The Exit Strategy Playing into the idea that the Bitcoin price has topped and is headed into another bear market, the crypto analyst explained that they have sold everything. The plan is to wait until September 2026 before buying back in. According to the crypto analyst’s chart, they expect the Bitcoin price to fall below $61,000 at this time. Related Reading: XRP Burn Rate Suffers Drastic Crash To Near Zero, What’s Going On? The analyst also backs this up with the cycle theory, which says there are around 151 weeks of growth followed by 51 weeks of decline. Going by this, the growth phase is already completed, and between September 13 and October 6 is the beginning of the reversal zone that begins the bear market decline. Additionally, the crypto analyst also dismisses the idea of an altcoin season. Due to the large number of cryptocurrencies right now, sitting at over 1 million coins, EXCAVO says it is not possible for all coins to be pushed up at the same time, like it did in 2017. Rather, there will be selective pumps on altcoins that players are interested in. “I have not become a bear forever. I believe Bitcoin will hit $300,000. But not in the coming months,” the analyst stated. “It will be worth that in 2.5 years, after a healthy 50-60% correction from the peak.” Featured image from Dall.E, chart from TradingView.com
Bitcoin’s price action is capturing traders’ attention after dropping below the crucial $112,000 mark. This has led to the burning question: how low can Bitcoin go? So, giving a brief overview, in the past 24 hours, BTC price slipped 0.56% to $111,872.56, extending a week-long slide. Growing volatility, heavy liquidations, and macroeconomic jitters have put …
The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.
Nine European banks, including ING and UniCredit, have formed a consortium aimed to develop a euro-backed stablecoin.
A trader grew $125,000 into $43 million on Ethereum with leverage on Hyperliquid, then cashed out $6.86 million. Here’s what traders can learn.
Transaction reversibility may help stablecoins become an intrinsic part of the legacy financial system, according to the president of Circle.
The U.S. Securities and Exchange Commission (SEC) has approved an amendment to the Hashdex Nasdaq Crypto Index US ETF (NCIQ), allowing the fund to expand beyond Bitcoin and Ethereum under newly adopted generic listing standards. Finalized on September 24, 2025, the approval marks a key step in widening regulated exposure to digital assets. The updated …
Gate, a leading cryptocurrency exchange, is rolling out major initiatives to boost blockchain adoption and the GT ecosystem. The company unveiled Gate Layer, a high-performance Layer 2 network, alongside upgrades to the GT ecosystem. These moves aim to enhance scalability, reduce costs, and provide users and developers with a more seamless blockchain experience. Why Does …
Bitcoin and altcoins failed to follow gold and stocks to all-time highs this month, partly because of a lack of stablecoin liquidity on cryptocurrency exchanges.
The U.S. Senate Finance Committee has confirmed an Oct. 1 hearing to examine the taxation of crypto assets.
Aster is making headlines today as its price experiences a sharp pullback. This has sparked questions about whether this is a temporary correction or the start of a new bullish rally. The crypto market has seen heightened volatility recently. Altcoins like Aster are closely following broader market trends influenced by Bitcoin and Ethereum movements. Trading …