Ethereum's price plunged 10% on June 5, leading a broad altcoin sell-off that pushed total altcoin market capitalization below $880 billion. Zcash fell over 40% after an AI-discovered security flaw in its Orchard shielded pool was revealed, causing panic and a loss of its top privacy coin status to Monero. The exploit highlighted potential weaknesses in zero-knowledge proof privacy tech, sparking debate about alternatives like fully homomorphic encryption. Despite a patch, the market remains shaken, with Ethereum down nearly 22% over the week and significant leveraged losses wiped out.
Abraxas Capital moved 618 BTC worth about $40 million onto Kraken, likely preparing to sell, while withdrawing 8,153 ETH valued at $15.3 million from Binance and Bybit, signaling a possible shift from Bitcoin to Ethereum. This $55 million transaction...
Ethereum is currently holding a critical long-term support zone around $1,500, which has historically been a base for recoveries. Analysts highlight that reclaiming resistance levels at $1,820, $2,463, and $2,874 could set the stage for a move toward...
Ethereum surged nearly 5% past the $1,850 resistance following softer-than-expected US inflation data, which eased fears of aggressive Federal Reserve rate hikes. This triggered a short squeeze, wiping out leveraged short positions and pushing the pr...
After the US June Consumer Price Index showed a surprising 0.4% monthly drop and a year-over-year decline to 3.5%, Ethereum futures buying exploded, especially on Binance which recorded $1.2 billion in taker buy volume within the first hour. This mas...
Recent whale wallet activity shows a shift toward accumulating Bitcoin rather than selling, supported by a 3.25% price increase to $64,514 and Ethereum's 5.04% gain. Reduced outflows from exchanges and steady miner behavior indicate holders are movin...
