South Korea’s Financial Supervisory Service (FSS) has escalated scrutiny of major cryptocurrency exchange Bithumb following an unprecedented operational mistake in which the firm accidentally credited customers with tens of billions of dollars’ worth of Bitcoin. Summary South Korea’s Financial Supervisory Service (FSS) has launched a full-scale investigation into Bithumb following a massive $43 billion Bitcoin…
The crypto market cap fell 2% on Tuesday as fears of an impending U.S. government shutdown continued to rattle investors. Summary The crypto market remained shaky on Tuesday amid fears of a partial U.S. government shutdown slated to begin later this week. Expectations of further delays in a key crypto market structure bill and a…
Crypto security nonprofit Security Alliance has received a sponsorship from the Ethereum Foundation as it ramps up efforts to curb crypto drainers and other attack vectors targeting Ethereum users. Summary The Ethereum Foundation is sponsoring a SEAL security engineer to track and neutralize crypto drainers targeting Ethereum users. Drainer-related thefts fell to $84 million in…
Bitcoin price slipped again on Feb. 10 after failing to stay above the $70,000 level, an area that had supported the market through much of the recent consolidation. Summary Bitcoin is under pressure as capital inflows fail to translate into price expansion. On-chain data shows rising whale exchange deposits and steady ETF outflows. Technical structure…
XRP price is further depressing into a loss-driven phase as selling picks up speed in both the spot and derivatives markets. Summary XRP has entered a stop-loss phase as on-chain profitability turns negative. Recent selling pressure is driven mainly by smaller holders, not whales. Technical structure continues to favor downside despite rising trading activity. XRP…
Bitmine Immersion Technologies has pushed its Ethereum treasury to new highs, with total ETH holdings now standing at 4.326 million tokens, as the firm continued aggressive accumulation despite ongoing volatility in the crypto market. Summary Bitmine Immersion Technologies’ Ethereum holdings have reached 4.326 million ETH, representing about 3.6% of ETH’s circulating supply. On-chain data shows…
The BMNR stock price hovered at the crucial support level of $20 as BitMine continued to accumulate Ethereum, and its fundamentals improved. Summary BitMine’s stock price has formed a falling wedge pattern, pointing to a rebound. Data shows that Ethereum’s transactions and network fees have soared recently. The supply of ETH tokens in exchanges has…
The crypto market remained on edge on Monday, Feb. 9, as the recent recovery faltered, and after China continued to decouple from the U.S. Summary The crypto market remained under pressure on Monday as US government bond yields rose. China asked banks and other financial services in the country to reduce their exposure to U.S….
Michael Saylor continued his dollar-cost averaging last week, even as Bitcoin tumbled to its lowest level since 2024 and losses soared. Summary Strategy continued its Bitcoin accumulation as its unrealized losses rose. The company bought 1,142 coins last week, bringing its total holdings to 714,644. Wall Street analysts are highly bullish on the MSTR stock….
Bitcoin’s price has bounced from key support near $60,000, but declining volume and rising overhead resistance are raising concerns that the move may be a bull trap rather than a sustainable recovery. Summary $60,000 support sparked the bounce, but demand remains weak Low volume and VWAP/Fibonacci rejection, signal fragile upside Acceptance below the point of…
