Ethereum's price has stalled near $2,140 amid a sharp 41% decline in DeFi total value locked (TVL) from $106.7 billion in January to $63 billion in May. This decline in DeFi activity, combined with mid-term holders reducing their Ethereum supply from 18.63% to 12.73% over six weeks, signals weakening confidence. Technical analysis shows a bearish inverted cup and handle pattern, with a key support level at $2,087; breaking below this could lead to a 19% further drop to around $1,690. The ongoing DeFi erosion and holder behavior suggest Ethereum may continue to lag behind Bitcoin, which has risen 2% month-on-month.
South Korea's Public Officials Benefit Association (POBA), the country's seventh-largest pension relief firm, lost about $32.7 million on an Ethereum leveraged ETF investment. Leveraged ETFs amplify daily price movements using derivatives, increasing...
Institutional investors sold $1.07 billion in Bitcoin and other crypto assets in one week, marking the first outflow after seven weeks of inflows and the third-largest weekly outflow this year. Bitcoin led the sell-off with $982 million withdrawn, wh...
Bitmine Immersion Technologies acquired 71,672 ETH in a recent purchase, increasing its total Ethereum reserves to 5.278 million ETH, valued at about $11.05 billion. Chairman Tom Lee sees current ETH prices below $2,200 as a strong buying opportunity...
Bitcoin fell below $77,000 after four days of losses, pressured by Iran's new "Hormuz Safe" system requiring $2 million in Bitcoin for Strait of Hormuz passage and over $1 billion withdrawn from crypto funds last week. Rising oil prices and inflation...
Bitcoin fell modestly by 0.30% to $76,555.78 while Ethereum rose 0.29% to $2,121.10, reflecting a cautious yet active crypto market. Stablecoin trading volume surged 57.26% to $97.38 billion, and derivatives volume jumped 31.60% to $847.44 billion, i...
