Coindesk
Crypto News Source: coindesk.com
Ethereum Surges After Holding $2,477, Fueled by Very Heavy Trading Volume
Global economic tensions and trade disputes continue to influence cryptocurrency markets, with ETH showing resilience despite broader market uncertainty.The second-largest cryptocurrency is currently navigating a critical technical zone between $2,500-$2,530, which analysts identify as immediate resistance that must be overcome for continued upward movement. Institutional interest remains strong, with spot Ethereum ETFs recording consecutive days of positive inflows, signaling growing confidence from larger investors despite the recent volatility.Technical Analysis Highlights24-hour ETH price action revealed a substantial 3.5% range ($99.85).Sharp sell-off during midnight hour saw price plummet to $2,477.40, establishing a key support zone.Extraordinary volume (291,395 units, nearly 3x average) confirmed the significance of the support level.Buyers stepped in at the $2,467-$2,480 support band, confirmed by high-volume accumulation during the 08:00-09:00...
Chart of the Week: Bitcoin Soars, But ‘Wen Lambo’ Crowd Is Missing From the Rally
What happens when retail logs off from crypto and Wall Street tunes in? Looking at bitcoin's BTC recent all-time-high, one would say it feels bullish and the industry is maturing. That might as well be the case, but we might not be there yet. So before we floor our Lambos, let's look under the hood. First things first, retail investors have basically ghosted this rally. A quick search on Google Trends using the keyword "bitcoin" shows that the surge that was seen back in 2021's bull market is non-existent. Back then, everyone and their grandmothers were Googling bitcoin, aping into altcoins and flooding the social media with rocket emojis. In 2025? It's a ghost town in retail-land. There was a...
Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit
The cryptocurrency market faces renewed pressure as Solana (SOL) dropped below its stable $177 trading range, reflecting broader concerns about global economic stability.The correction coincides with increasing geopolitical tensions that have rattled financial markets worldwide, forcing investors to reassess risk exposure across digital assets. Despite the pullback, Solana's ecosystem continues to expand with R3's strategic pivot to integrate with its blockchain, signaling growing institutional interest in the platform's capabilities for tokenizing real-world assets.Technical Analysis HighlightsSOL price dropped from stable $177 range to find support at $170.41, representing a 4.5% correction.Dramatic volume spike to 1.26M occurred during midnight hour when prices fell below $172.Support levels established at $170.67-$171.66 have held thus far. Price attempted recovery toward $174 level before facing resistance....
Judge Overturns Convictions in Mango Markets Exploiter’s Crypto Fraud Case
A U.S. judge has overturned the fraud and market manipulation convictions of Avraham Eisenberg, the crypto trader accused of draining $110 million from the now-defunct decentralized finance protocol Mango Markets.On Friday, U.S. District Judge Arun Subramanian ruled that prosecutors failed to prove Eisenberg made false representations to the platform.He also moved to acquit Eisenberg of wire fraud charges. The investor manipulated the price of Mango’s native token MNGO with massive trades by more than 1,000% in 20 minutes before getting the protocol to allow him to borrow and withdraw $110 million in various cryptocurrencies, backed by the inflated collateral.Eisenberg’s defense argued that the platform, which operated through smart contracts, allowed anyone to transact freely and that he simply exploited a...
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury.The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release.The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC.In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years.While companies...