Cryptonews

Ethereum, once a beacon of hope, hath failed to hold her ground above $2,300, and like her sister Bitcoin, she hath embarked upon a fresh decline. Below $2,280 and $2,265 she hath plunged, a fall as swift as it is merciless. Even $2,250 could not stay her hand, and a low was formed at $2,233. Now she consolidates, a mere shadow of her former self, with but a minor upward move above the 23.6% Fib retracement level, a feeble gesture in the face of her woes.

Bitcoin’s price dropped below $80,500 and continued to fall, eventually dipping below $80,000 and then $79,500. This indicates a downward trend for BTC.

ForeDex, the Sherlock Holmes of the crypto world, spilled the beans on X (formerly known as Twitter, because why not add another layer of confusion?). Turns out, while Bitcoin enthusiasts were brimming with optimism, one whale moved a cool 30,000 BTC to exchanges over 10 days via Galaxy Digital. That’s right, 30,000. Not 30. Not 300. Thirty thousand. And most of us were too busy staring at candlestick charts to notice. Genius? Yes. Annoying? Absolutely.

Eleanor Terret, host of Crypto America, reports that banks are heavily lobbying Washington regarding stablecoin legislation. Since last Friday, members of the American Bankers Association have sent over 8,000 letters to senators, asking them to revise a specific part of the proposed bill. This effort is entirely focused on letter writing – the banking industry isn’t making phone calls, indicating they believe a high volume of letters alone will be effective.

The DeFi Education Fund released a report on Wednesday detailing 16 proposed changes to a crypto bill—called the CLARITY Act—that they believe would harm the decentralized finance (DeFi) space. This report was shared with the Senate Banking Committee before the committee is scheduled to debate and amend the bill on Thursday.

As a researcher, I’ve been tracking Ethereum closely, and it’s clear the recent price increase isn’t the whole story. We’re seeing strength throughout the entire Ethereum network – performance is up, and that’s actually driving even more positive movement in the market. It’s a really encouraging sign to see this broad-based improvement.

The investigation, a drama fit for the stages of Westminster, centers on the £5 million Farage received from Harborne in early 2024. Weeks later, with the timing of a seasoned actor, Farage reversed his public decision and declared his candidacy for the Clacton seat. Coincidence? The gods of politics laugh at such naivety.

NUVA, the brainchild of Animoca Brands and Nuva Labs, is now live on Ethereum. Finally, retail and institutional users can access real-world assets that were just chilling on the Provenance Blockchain. Groundbreaking.

So, this guy (let’s call him Captain Forgetful) posts on X (yes, that’s still a thing) under the handle @cprkrn, claiming he’s basically won the lottery after Claude AI rescued his long-lost Bitcoin. Apparently, he changed his password during a late-night ramen-fueled study session and then proceeded to forget it for over a decade. Classic.

Jupiter, a platform that combines multiple exchanges on the Solana blockchain, has partnered with Bitwise Asset Management, a leading investment firm. Together, they will create a special market on Jupiter Lend focused on lending and borrowing Ethena’s USDe cryptocurrency.