Key takeaways: ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed…
Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point,…
Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point,…
Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year. Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company’s earnings report, published May 9. Cost of revenue rose…
Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…
Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…
Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…
Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards…
Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. On a shorter timeframe, global liquidity follows a cyclical pattern, with Michael Howell projecting…
Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted. But…
