Ethereum (ETH) experienced a sharp decline on Friday, briefly falling below the critical $2,500 level amid growing fears of large-scale institutional sell-offs. The volatility came as global macro pressures intensified and on-chain data signaled heavy exchange inflows, adding to speculation of whale-driven distribution. ETH Plunges on High-Volume Sell-Off, Then Recovers According to CoinDesk Research, ETH dropped from $2,551.09 to $2,499.09, a 1.95% intraday range, before recovering slightly to trade near $2,506. The most dramatic move occurred within a two-minute window between 01:53 and 01:54, when Ethereum plummeted from $2,521.35 to $2,499.09 on more than 48,000 ETH in combined volume. This…
Author: Blockto Team
The crypto industry saw a significant drop in hack-related losses in May 2025, with attackers stealing $244.1 million, according to blockchain security firm PeckShield. This marks a 39.29% decrease compared to April’s total. Cetus DEX Exploit Accounts for 90% of May’s Losses The largest incident of the month occurred on May 22, when Cetus decentralized exchange suffered a devastating hack. The attackers exploited a flaw in the MSB (most significant bits) check, allowing them to manipulate liquidity parameters and quickly open large positions. The breach led to approximately $223 million in user losses within 24 hours. Despite the scale, a…
An online auction featuring personal belongings of Silk Road founder Ross Ulbricht has raised more than $1.8 million in Bitcoin, marking a significant event for collectors of crypto history. Crypto Collectors Flock to Own Pieces of History Ulbricht, who was recently pardoned by former U.S. President Donald Trump, listed the items on the Bitcoin-only auction platform Scarce City. The auction featured a wide range of personal memorabilia, including: “It’s time to travel. That means downsizing and turning the page,” Ulbricht wrote on the auction page. “I don’t need the reminders and I’m sure some of you will love to have…
Solana (SOL) is showing early signs of a potential rebound after retesting critical support levels near $150, according to a recent analysis by a leading market analyst. The token is currently trading near $157, reflecting cautious optimism after weeks of downward pressure. Technical Analyst Highlights “Promising” Setup A prominent market analyst noted that Solana “took the lows” and is now attempting to reclaim previously lost ground. The current setup, while still developing, appears technically favorable for bullish continuation if key levels are reclaimed. “The price action looks very promising. A successful reclaim here could drive strong upside momentum,” the analyst…
Shiba Inu (SHIB) is facing renewed selling pressure, with price action suggesting a potential 18% drop if critical support levels fail to hold. Despite the bearish outlook, large holders—or whales—are actively buying the dip, raising questions about what they might know that retail traders don’t. Price Drops Over 7.5% Amid Market Volatility At the time of writing, SHIB trades near $0.00001240, having declined more than 7.5% in 24 hours. This drop has occurred in the context of increased volatility, leaving the memecoin vulnerable to further downside if current support breaks. Technical analysts warn that a daily candle close below $0.00001240…
Bitcoin Cash (BCH) staged a sharp rebound following recent market turbulence, rising 6.4% over the past 24 hours. The altcoin found strong buying interest after dipping to critical support levels, reflecting broader resilience in the crypto market despite intensifying global trade tensions. BCH Finds Strong Support at $391 After Steep Drop Over a 24-hour trading period, Bitcoin Cash experienced a price range of $25.07, falling to a low of $391.65 before rallying back above $416.95. The price formed a classic V-shaped recovery pattern, signaling robust demand and technical support. The bounce was fueled by high volume accumulation between 01:00 and…
Michael Saylor, the co-founder of Strategy and one of Bitcoin’s most prominent advocates, has publicly expressed interest in appearing on The Joe Rogan Experience, one of the world’s most listened-to podcasts. The move has sparked enthusiasm within the crypto community, with many predicting the episode would have a major cultural impact. Saylor’s Invitation Ignites Bitcoin Community Excitement In a direct message posted on X (formerly Twitter), Saylor tagged Joe Rogan and said, “Let’s talk about Bitcoin,” responding to a question about potential future guests on Rogan’s podcast. The suggestion gained immediate traction among crypto enthusiasts. Many believe a Saylor-Rogan discussion…
Uniswap’s native token (UNI) experienced a sharp 10.9% intraday swing, driven by escalating U.S.-China trade tensions and heightened institutional repositioning. The volatile session highlights how macroeconomic uncertainty continues to weigh heavily on crypto market sentiment. Key Highlights 📉 Technical Analysis Snapshot Macro Context: Trade Tensions Driving Risk Sentiment The intensifying U.S.-China trade conflict is having ripple effects across risk assets, with crypto tokens like UNI exhibiting heightened sensitivity to global headlines. Institutional investors are reassessing digital asset allocations, leading to increased volatility, especially in DeFi-linked assets. Investor Takeaway
Bitcoin maximalist Max Keiser is sounding the alarm on the surge of corporate treasuries allocating to Bitcoin (BTC), arguing that many of the newer entrants lack the conviction needed to endure a prolonged market downturn. Key Points Background: Bitcoin Treasury Boom Inspired by Michael Saylor’s Strategy Inc., dozens of firms are now adopting Bitcoin as a strategic reserve asset, aiming to hedge against inflation and boost stock premiums. Notable entrants include: Keiser’s Criticism: “Premiums Are Unsustainable” Keiser warns that many of these new treasury firms: “It is foolish to think the new Bitcoin treasury clones will have the same discipline,”…
The U.S. Securities and Exchange Commission (SEC) has raised concerns over the eligibility of REX Financial and Osprey Funds’ staked Ethereum (ETH) and Solana (SOL) exchange-traded funds (ETFs), suggesting the funds may not comply with the Investment Company Act or meet the criteria under the 6C-11 ETF rule. Key Points What’s the Issue? The 6C-11 rule, also known as the “ETF rule,” standardizes the types of corporate structures that qualify for exchange-traded funds. According to a May 30 letter from the SEC: “Commission staff continues to have unresolved questions about whether the Funds, if structured and operated as proposed, would…