Crypto

The nonbinding resolution said the disgraced FTX founder should 'under no circumstances' receive clemency.

Ethereum has recorded $478 million in net exchange outflows over the last 7 days, a pace running roughly five times above average and the kind of supply-side move traders typically read as accumulation, according to Nansen. Nansen's data complicates that reading, as top-PnL wallets sold a net $64 million over the past seven days, and […] The post Ethereum is flashing a $478 million buy signal but top traders still expect it to fail appeared first on CryptoSlate.

Tether reportedly invested $20 million into Ualá, as part of the Argentine neobank’s $197 million funding round announced earlier in March. Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America. The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment. Cointelegraph contacted Tether for confirmation but had not received a response by publication. Read more

Bitcoin realized losses appeared to be copying a reversal structure that marked previous bear-market bottoms, with $69,000 a new BTC price battleground. Bitcoin (BTC) “cycle peak buyers” could already be pointing the way to the next bear-market bottom. Key points: Read more

Trump's $1B crypto exposure fuels an ethics standoff over the Clarity Act, with a Senate floor vote and August recess deadline looming. The post Clarity Act Stalls on Ethics Rules Curbing Trump’s Business Interests appeared first on Cryptonews.

Vlad.fun suspended its platform after discovering a “serious internal integrity issue” involving members of its team, without disclosing the nature of the alleged misconduct. Robinhood Chain memecoin launchpad Vlad.fun has suspended operations after discovering what it described as a “serious internal integrity issue” involving members of its own team. The project said Wednesday that it took the platform offline while it investigates the incident and consults legal counsel on potential action against those responsible. Vlad.fun did not disclose the nature of the alleged misconduct. Hours before announcing the shutdown, Vlad.fun warned users that a token bearing the platform’s name circulating on its leaderboard was not official, reminding traders that anyone could create tokens on the permissionless launchpad. The project did not indicate whether the two incidents were related. Read more

The deal gives Hyperion an equity stake in Skew and a share of listing-service revenue as it expands the utility of its HYPE treasury assets. Nasdaq-listed Hyperion DeFi said it entered an agreement with Skew Technologies to deploy 500,000 Hyperliquid (HYPE) tokens to support institutional perpetual futures markets on Hyperliquid’s HIP-3 permissionless listings. Under the agreement, Hyperion will receive an equity stake in Skew and a share of listing-service revenue generated from the platform, according to a Wednesday press release. The companies said the service is designed to help institutional clients launch custom perpetual futures markets on Hyperliquid. Read more

Blockchain investigator ZachXBT came down heavily on hardware wallets. BTC traded steady near $65,000 after South Korea's rate hike.

Meanwhile, newly emerged whales have gone on a substantial ETH accumulation spree.

The nonbinding resolution passed without objection after Bankman-Fried asked for clemency, months after Trump pardoned other major crypto figures, including Changpeng Zhao and Ross Ulbricht.

The native token's rebound yesterday turned out to be a classic dead-cat bounce.

The coins went to a fresh address rather than an exchange, so nothing has been sold yet.

Ether prices have reached their highest level since early June as analysts eye its next move. 

This is not a broad rally as bitcoin is up 4% over the same stretch, and solana, TRON and hyperliquid are all lower.

US President Donald Trump is set to meet with several senators on Thursday as negotiators race to get the CLARITY Act across the line before the Senate’s August recess. US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill.  According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success.” Senator Cynthia Lummis will also attend, according to a Senate Republican aide. “We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” said Moreno. “He’s the one who’s really driven the innovation that I think will pay dividends.”  Read more

Bitcoin surges toward $65,000 on softer-than-expected inflation data, but on-chain signals show two key investor groups selling into the bounce.

Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move.

Base creator Jesse Pollak is stepping back from leadership of the Base App after admitting he was “definitively wrong” to bet on social experiences driving crypto adoption. Base creator Jesse Pollak says he is stepping back from leading the Base App after admitting he made a “wrong bet” on social, leaving the chain to fall behind on prediction markets and perpetual futures.  In a post to X on Wednesday, Pollak said he had bet that creator, content and messaging apps would drive adoption, but instead the market “disintegrated completely.”  “We realized how our focus on social had meant that base had fallen behind in key areas that were now increasingly critical — we had perps (shoutout avantis!) and prediction markets (shoutout limitless!), but both were well behind scaled competitors.” Read more

Armstrong's poll shows how uncertain traders are, with the Bitcoin community offering no clear consensus on whether the bottom is in or not.

William Blair slashed earnings estimates by 34% and held its Outperform call. But analysts think Bitcoin's chart may already be answering the bigger question.