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Mellow Finance has selected Ethena [ENA] as its first altcoin investment, signaling strong institutional confidence in the project’s long-term potential. The decentralized asset management protocol executed a substantial transfer of 15.147 million ENA — worth approximately $4.48 million — from Bybit to its personal wallet, a clear indication of strategic positioning during a market downturn….
PEPE, one of the leading meme coins in the crypto market, has shown surprising short-term resilience, gaining 3.5% in the last 24 hours to trade at $0.00001110, according to CoinMarketCap. However, analysts warn that the bullish momentum could be short-lived, with several technical indicators flashing red and a major whale deposit suggesting profit-taking may be…
Roman Storm is scheduled to stand trial on July 14 in New York, facing multiple charges including conspiracy to operate an unlicensed money transmitter, money laundering, and conspiracy to violate U.S. sanctions. These charges stem from his involvement in Tornado Cash, a decentralized crypto mixing protocol that has been accused of enabling illicit transactions by…
Ethereum (ETH) has staged a notable comeback, reclaiming the $2,500 level after a sharp correction fueled by global geopolitical tensions. The bounce has ignited cautious optimism within the crypto market, with Ethereum outpacing Bitcoin (BTC) in terms of percentage recovery from recent lows. Despite the uncertainty that spooked traders just days earlier, the current technical…
The U.S. Securities and Exchange Commission’s (SEC) continued delay in approving a new wave of altcoin exchange-traded funds (ETFs) has ignited a fresh round of speculation within the cryptocurrency community. While uncertainty grows, some analysts and platforms like Polymarket suggest that optimism for ETF approvals—particularly for Solana [SOL]—remains resilient. Amid the regulatory limbo, major asset…
Polkadot [DOT] is weighing a significant treasury shift with a proposal to convert 500,000 DOT tokens—worth approximately $1.9 million—into Threshold Bitcoin (tBTC), a Bitcoin-backed ERC-20 token. The move aims to diversify the network’s financial reserves and reduce exposure to native token volatility using a year-long dollar-cost averaging (DCA) strategy. Introduced by a community member under…
Ethena (ENA) has posted a sharp 14% decline in the last 24 hours, significantly outpacing the broader cryptocurrency market, which saw a more modest drop of 2.77% in overall market capitalization. According to market analysts, this sharp downturn has been largely attributed to aggressive selling in the derivatives market. Despite this, data from CoinGlass and…
Bank of America is reportedly fast-tracking the development of its own U.S. dollar-backed stablecoin. Once hesitant, the banking behemoth now appears ready to compete head-on with blockchain-native platforms, marking a pivotal shift in the financial sector’s digital asset strategy. Speaking at a recent Morgan Stanley conference, Bank of America CEO Brian Moynihan highlighted the regulatory…
Aptos (APT) is gearing up for a scheduled token unlock on June 12, set to release 11.31 million APT—valued at approximately $59 million—into circulation. Despite a recent price rebound, APT continues to trade below its monthly highs, and traders are closely monitoring key support and resistance levels as market volatility looms. The unlock will allocate…
GameStop Corp (NYSE: GME), once a Wall Street darling during the 2021 meme-stock frenzy, is facing intense selling pressure this week, even as it accelerates its Bitcoin buying strategy. On June 11, GME stock dropped by 5.27% during regular trading hours and slumped an additional 11% in after-hours trading, falling to $25.34. The sharp correction…