Ethereum's price has dropped to around $1,740, falling below the whale realized price near $1,900, indicating many large holders are facing unrealized losses. The price is also trading below a significant long-term benchmark on Binance, a rare occurrence that signals weakening market confidence. Recent liquidations of over 21,540 ETH worth $34.1 million have added selling pressure, with nearly $547 million in leveraged positions still at risk. While retail buyers are active near $1,550-$1,600, large holders continue selling, creating a fragile balance that prevents a strong recovery. Ethereum's stabilization depends on stronger buyer conviction to absorb supply and reclaim key price levels.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $62,782, slightly down by 0.5%. Ethereum and Binance Coin also show minor declines. Meanwhile, tokens like OKB and SHIB experience notable gains of 5.4% and 4.1%, respec...
Morgan Stanley increased its holdings in BlackRock's spot Bitcoin ETF by 23% to about 16.5 million shares during Q2, despite Bitcoin's price decline lowering the position's value to $549 million. The bank also expanded its exposure to Ether and Solan...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading near $63,138, slightly down by 0.5%, and Ethereum showing a small gain of 0.2%. Several altcoins like OKB and SHIB have notable increases, while others such as UNI and INJ face declin...
Ethereum has decided to stop using its custom Poseidon hash function after eight years and significant investment, returning to conventional cryptographic standards like SHA and BLAKE2s. This shift is supported by Bitcoin pioneer Adam Back, who favor...
Binance will stop all deposits and withdrawals involving HTX and ten other platforms starting August 23, 2026, due to sanctions related to HTX's founder Justin Sun and ties to Russia. This move has already reduced liquidity in HTX's ETH trading book,...
