Crypto News

Latest news from Crypto market.


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Could Ethereum slip below $2,200 if crypto correction deepens?

Ethereum has dropped to the $2,300 region after briefly reclaiming $2,400 on Thursday. The top altcoin has been facing pressure near $2,380, which aligns with a key technical resistance, closing the daily candle below this psychological level. The key resistance level is stuck between the cost basis of two cohorts, wallets with a balance of 10K-100K ETH and 1K-10K ETH at $2,324 and $2,436. Ethereum faces selling pressure around $2,400 Ethereum is down by 1.5% in the last 24 hours and is now trading below $2,400. The price rejection comes as whales are starting to book profits following Ether's recent rally.

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Solana network activity explodes past $1.1T in Q1, but SOL is yet to catch up

Whale-sized on-chain flows are rising too.

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Ethereum Exchange Supply Is Back to 2021 Levels: Learn What Happens When Demand Returns

Ethereum is pushing against resistance just below $2,400, trying to extend a recovery that has brought it back from the lows near $1,750 set during February's sharp capitulation. The market remains uncertain, and every attempt at higher levels has been met with selling pressure that reflects the broader caution defining crypto right now.

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Spot SOL And XRP ETFs See Consecutive Days Of Multi-Million Dollar Inflows

Market sentiment around major altcoins finally seems to be improving after several rough weeks.

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Circle faces lawsuit over $230M USDC transfers tied to Drift hack

Legal pressure mounts on Circle as Drift hack fallout puts USDC controls under scrutiny.

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Circle Faces Lawsuit After $280M Drift Protocol Exploit

Circle is facing a class action lawsuit after Drift Protocol investors claimed the company failed to stop the movement of funds during an exploit that caused about $280 million in losses.

...keep reeding on coinpaper.com

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Circle Sued Over $230M Drift Protocol Hack: Did the Stablecoin Giant Fail Its Users?

Class action lawsuit targets Circle for allowing stolen USDC to move unchecked across blockchains.

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North Korean hackers target crypto entities after Drift Protocol breach

The attacks highlight vulnerabilities in crypto ecosystems, posing systemic risks and dampening market confidence in Solana's recovery. North Korean hackers target crypto entities after Drift Protocol breach.

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Hyperbridge Confirms Bridged Polkadot Exploit Was 10x Worse Than First Reported

Hyperbridge has revised losses from its April 13 exploit to roughly $2.5 million. That is about 10 times the original estimate of $237,000.

...keep reeding on beincrypto.com

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Is XRP's 2% rally the beginning of a much bigger breakout move?

The cryptocurrency market has been trading sideways over the past few hours, but some leading coins have been bullish. Solana (SOL) and Ripple (XRP) are the best performers among the top 10 cryptocurrencies by market cap. XRP maintains a neutral-to-bullish tone, trading above $1.43 at the time of writing on Friday, supported by renewed institutional and retail interest. It briefly hit the $1.46 level before retracing to now trade around $1.433. A steady price increase could accelerate XRP toward the next resistance levels at $1.50 and $1.55. XRP could rally higher on growing institutional and retail interest XRP is up by nearly 2% in the last 24 hours as institutional investors are showing renewed interest in digital investment products.

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NYSE Welcomes Morgan Stanley's MSBT Launch as First Spot Bitcoin ETF Issued by a Major US Bank

Bank-backed bitcoin ETFs are accelerating institutional adoption and strengthening market credibility. The NYSE marked a new milestone as Morgan Stanley Investment Management rang the closing bell and celebrated the launch of MSBT, which the NYSE described as the first spot bitcoin ETF by a major U.S. bank.

...keep reeding on news.bitcoin.com

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CRCL Stock Price Falls as Investors Sue Circle Over $280M Drift Protocol Hack

Circle is facing a class-action lawsuit over its failure to freeze USDC in the $280 million Drift Protocol hack. As a result, CRCL stock price fell and erased almost all gains on Thursday after market hours.

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Ethereum Foundation-funded program exposes 100 DPRK workers in crypto

The Ketman Project, funded by an Ethereum Foundation stipend, identified 100 North Korean IT workers and alerted about 53 projects employing DPRK operatives.

...keep reeding on cointelegraph.com

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Bitcoin Correlation Nasdaq Breaks Down as BTC Price Signals Potential Shift

Bitcoin correlation Nasdaq weakens as BTC decouples from equities and shows historic breakdown

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Bitcoin Correlation to Nasdaq Breaks Down as BTC Price Signals Potential Shift

Bitcoin correlation Nasdaq weakens as BTC decouples from equities and shows historic breakdown

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Dogecoin (DOGE) Reattempts Breakout, Bulls Eye Strong Rally Move

Dogecoin started a decent increase above $0.0950 against the US Dollar. DOGE is now consolidating and might aim for an upside break above $0.10.

...keep reeding on newsbtc.com

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At least a dozen crypto entities attacked since Drift Protocol hack

Rhea Finance and the Russia-linked Grinex exchange were hacked for a combined $21 million over the past two days.

...keep reeding on cointelegraph.com

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The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase

Bitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.

...keep reeding on coindesk.com

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Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project's vaults two weeks ago.

...keep reeding on newsbtc.com

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‘A yuan-backed stablecoin in the next 3-5 years,' predicts Circle CEO

In this fiercely competitive stablecoin market, why does Circle's CEO predict the launch of a stablecoin in China?

...keep reeding on ambcrypto.com