Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the … Read more

Market Turbulence Hits Smart Traders: Whale Suffers $15.7M Loss

A whale who had previously excelled in Ethereum trades, earning a staggering $38M (+26.7%) from November 2022 to May 2024, has now suffered a significant loss. The whale deposited 8,825 $ETH ($24.1M) to Binance, leaving behind 10,619 $ETH ($28.5M) with an estimated total loss of $15.7M (-23%) from their ongoing third Ethereum trade. Market turbulence … Read more

Cybercapital Founder Justin Bons: L2s Are ‘Parasitic’ to Ethereum

Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital … Read more

Ethereum Soars Past $3,800: A Breakout With A Twist

Ethereum’s price has burst out of its channel, surging above $3,800 in a remarkable move. However, a closer look reveals a intriguing development. The Ethereum Foundation, the organization behind the cryptocurrency, has transferred 35,000 ETH (worth $94.07 million) to Kraken Deposit, sparking speculation about its intentions. According to Arkham, Ethereum Foundation (0xde0) transferred 35,000 ETH … Read more