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Ethereum has lost ground below $2,300 as the market cools after weeks of cautious recovery. The price is retreating — but a CryptoQuant report tracking Binance derivatives activity has identified a dynamic beneath the surface that complicates the bearish reading considerably. Related Reading The data shows that derivatives traders on Binance have been aggressively betting against Ethereum throughout the recent rebound — and they are still adding to those positions even as the price pulls back. Cumulative net taker volume has dropped to approximately -$585 million, its deepest negative reading since March 27, when the metric reached around -$340 million.…
Make CryptoSlate preferred on Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion.The catalyst was Pavel Durov’s announcement that Telegram would replace the TON Foundation as the network’s primary driving force and become its largest validator within two to three weeks.Alongside that, ton.org was updated to state that the domain is “controlled by MTONGA.” Traders took the combination as confirmation that TON had, in substance, become Telegram’s chain. This means being directed by the same company whose 1 billion users would determine its…
A 65,900% price surge. That’s what followed the last time XRP touched the trendline it’s sitting on right now — back in 2017, when the token was trading at less than a penny. Related Reading Pattern Repeats At Key Support Market analyst Mikkybull flagged the development this week, pointing to a multi-year ascending parallel channel that has shaped XRP’s price movement since its early days. The channel has three trendlines running in parallel — lower, middle, and upper. XRP has now dropped to the lower trendline for only the third time in its history, a level Mikkybull describes as critical…
Binance founder Changpeng Zhao said crypto may be entering a new phase shaped by AI agents, tokenized real-world assets, stablecoin competition and a more favorable regulatory backdrop in the United States. Speaking on ARK Invest’s FYI podcast with Cathie Wood and Lorenzo Valente, CZ argued that the industry is moving faster than many traditional financial firms may be prepared for. CZ said some parts of crypto have developed differently than he expected. Payments, in his view, have been slower to reach mainstream use, even as crypto cards have made digital assets easier to spend indirectly. By contrast, institutional participation in…
In brief Zcash will roll out quantum-recoverable wallets within a month, targeting enhanced security against future quantum computing threats. The privacy coin plans to achieve full post-quantum status within 12 to 18 months, positioning itself ahead of major cryptocurrencies in quantum resistance. ZEC has surged over the past month following Multicoin Capital’s disclosure of a “significant” position in the privacy coin. Privacy coin Zcash is the latest cryptocurrency preparing to address the mounting threat of quantum attacks.Speaking during a Thursday address at Consensus Miami’s Privacy track, Zcash Open Development Lab founder and CEO Josh Swihart said that quantum-recoverable wallets for…
In brief Bitcoin briefly displayed a price of $0.019 on Revolut overnight—a 99.99% drop from its actual trading level near $79,000. The glitch didn’t last long, but push notifications to users helped amplify the alarm. Revolut attributed the error to a third-party service disruption and said it is still evaluating what happened. Trading platform Revolut briefly showed a Bitcoin price near zero overnight, with push notifications of the apparent drop sparking confusion among users—but it was only a glitch, which the firm says is now fixed.Some Revolut users received notifications claiming Bitcoin had reached a 52-week low at $0.02 Thursday…
The heaviest resistance sitting above Bitcoin’s current price isn’t a round number or a chart pattern — it’s the break-even point of millions of holders who bought in during the past year and are still underwater. Related Reading One Level Controls The Narrative A CryptoQuant market expert says the “bottom is in” crowd is getting ahead of the data. According to the analyst, Bitcoin must reclaim $88,880 and hold it before any bottom call can be treated as credible. Simply touching that level won’t cut it. The price needs to close above it and stay there — otherwise, the rally…
In brief Andreessen Horowitz partner David George argues fears of AI-driven mass unemployment are historically unfounded. George says AI will reorganize labor markets and create new industries rather than permanently eliminate human work. Economists and developers remain divided over how disruptive AI could become for white-collar jobs. As fears grow that artificial intelligence could wipe out white-collar jobs, Andreessen Horowitz general partner David George argues the technology could instead fuel a new wave of economic growth, higher productivity, and new industries.In a blog post published on Wednesday, George argued that fears of an AI “job apocalypse” rely on what economists…
The Hyperliquid Policy Center (HPC) praised Securities and Exchange Commission (SEC) Chair Paul Atkins on Friday for what it described as an ambitious effort to improve clarity for on-chain markets. SEC’s On-Chain Guidance Agenda Atkins’ remarks centered on four key areas where he said the Commission should provide more guidance on how regulatory principles translate into the context of on-chain activity. He said that participants should have a clear sense of how on-chain trading systems can function within the regulatory perimeter. Looking ahead, he noted that while the SEC may consider a limited “innovation pathway” soon, he also argued the…
In brief Coinbase users reported widespread issues with trading, fund transfers, and the mobile app on Thursday night. The exchange said AWS failures in the US-EAST-1 region affected multiple availability zones and disrupted core trading services. Downdetector data showed reports spiking around 6 p.m. ET. Coinbase users faced hours of service disruptions late Thursday and into early Friday after failures tied to Amazon Web Services infrastructure disrupted core trading systems, the cryptocurrency exchange said.In a post on X Friday morning, Coinbase said the outage began around 8 p.m. ET on Thursday afternoon, after its systems detected elevated error rates across…