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Ethereum (ETH) rebounded above $2,200, gaining over 6% in 24 hours. Key indicators suggest a potential shift in momentum, with $3,000 in sight if bullish pressure continues.
Quick Take Argentine federal prosecutor Eduardo Taiano is seeking to freeze assets exceeding $110 million linked to the Libra memecoin scandal The scandal has drawn attention due to its alleged connection to President Javier Milei.
Quick Take RedStone has launched the RED token on Ethereum, with 10% of its total 1 billion supply allocated to the community through claim activities. Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC, RedStone co-founder and COO Marcin Kazmierczak told The Block.
Quick Take Although early details are scant, Sui Foundation said it plans to collaborate with the World Liberty Financial crypto project, backed by U.S. President Donald Trump. Besides exploring “product” opportunities, Sui also said World Liberty Financial will “include Sui assets in … its strategic token reserve.”
Quick Take Bitwise, the cryptocurrency index fund manager, has made its first DeFi allocation via onchain credit protocol Maple Finance, the company announced on Thursday.
Quick Take A senior Russian official stated that sanctions won’t fully prevent Russians from using the cryptocurrency market. The EU recently imposed sanctions on Russian crypto exchange Garantex, which has already been under U.S. sanctions since 2022.
- 01:12A whale shorts 11,241 ETH with 25x leverage, nominal value of $33.03 millionAccording to Jinse Finance, Ember monitoring has reported that a certain whale transferred 3.25 million USDC into Hyperliquid two hours ago to short 11,241 ETH with 25x leverage at an average price of $2,935, with a notional value of $33.03 million. The entry price was $2,935 (UTC+8), and the liquidation price is $3,135 (UTC+8).
- 01:08CoinDesk Analysis Model: ETH Faces Strong Resistance Around $3,000, Support Zone Forming Near $2,750According to Odaily Planet Daily, driven by the strengthening of its role in settlement and tokenization infrastructure, robust ETF capital inflows, and increased adoption of crypto asset reserves, the price of Ethereum (ETH) has surged to a nearly four-month high, breaking through $3,000 and setting a new cycle high. CoinDesk's analysis model indicates that ETH faces strong resistance around $3,000, while a support zone has formed near $2,750.
- 00:54A major whale deposited 4,500 ETH, worth approximately $13.08 million, to an exchange in the past 5 hoursAccording to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that whale 0x564...7dE7d deposited 4,500 ETH (approximately $13.08 million) to an exchange in the past 5 hours. This portion of ETH has been held for over a year, with an average acquisition cost of around $3,868 per ETH. If sold, it would result in a loss of $4.32 million. When ETH hit a short-term low of $1,385 in April this year, the unrealized loss at that time reached $11.17 million.