Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
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The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
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Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
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Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
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Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
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Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
TRON founder Justin Sun has offered a hypothetical plan for Ethereum and the Ethereum Foundation (EF) under his leadership. His remarks come amid controversy over EF’s leadership transformation.
In a series of posts on X (formerly Twitter), Ethereum co-founder Vitalik Buterin outlined the reforms’ goals and progress. He highlighted improvements in technical expertise, ecosystem engagement, and operational efficiency.
Justin Sun Outlines Blueprint for Ethereum LeadershipThe TRON executive shared ambitious remarks on how he would lead the Ethereum Foundation if given the opportunity. Sun’s vision, shared on X, outlined a four-point plan to radically restructure EF operations, optimize Ethereum’s economic model, and drive the price of ETH to $10,000.
“If EF and Ethereum were under my leadership, ETH would hit $10,000,” Sun claimed.
Sun proposed an immediate halt to ETH sales for three years to stabilize supply and boost market confidence. He suggested covering EF’s operational costs through DeFi protocols like Aave, staking yields, and stablecoin borrowing, aligning with Ethereum’s deflationary goals.
A key component of his plan involves imposing significant taxes on Layer 2 (L2) solutions, aiming to generate $5 billion annually. The collected taxes would go toward exclusively repurchasing and burning ETH, further enhancing its scarcity and value.
Sun also called for a drastic downsizing of EF staff, retaining only top performers and offering them significant salary increases. This merit-based approach, he argued, would streamline operations and improve efficiency.
Finally, Sun emphasized adjusting node rewards and increasing fee burns to reinforce Ethereum’s deflationary narrative. He proposed redirecting all resources toward Ethereum’s core L1 development, focusing on scalability, security, and adoption. Justin Sun’s plan sparked a mixed response, with some applauding the bold vision.
“These are all very practical suggestions. Please pay attention to them and refer to them, Vitalik Buterin,” core developer 0xSea.eth posed.
Meanwhile, others challenged Sun to focus on TRON and explore bringing decentralized finance (DeFi) to its ecosystem.
“Maybe start with how to make DeFi great on TRON – you should ask your exec team (and yourself), “Why is DeFi nonexistent on TRON despite it being the chain with the most stable coins on it?” If you answer this, maybe TRON can beat eth one day,” ZIGChain co-founder Abdul Rafay Gadit remarked.
Vitalik Buterin Defends Leadership Amid CriticismSun’s proposed solution aligns with Vitalik Buterin’s recent post discussing ongoing changes over the past year, some of which have already been implemented. Buterin emphasized goals such as strengthening the EF’s technical leadership and improving collaboration with ecosystem participants. He also addressed concerns, rejecting the notion that the EF might adopt centralized or politically motivated roles.
“…these things aren’t what EF does and this isn’t going to change. People seeking a different vision are welcome to start their orgs,” Buterin articulated.
Aya Miyaguchi, an EF executive, confirmed the ongoing efforts, expressing excitement about forthcoming announcements. She noted that the reforms aim to solidify Ethereum’s position as a global neutral platform while embracing decentralized and privacy-preserving technologies.
The announcement has stirred controversy within the crypto community. Critics argue that the current leadership has failed to manage Ethereum effectively.
“Respectfully, just let new blood take over. You guys can’t even make a simple Twitter account work—how can you be trusted to lead the second biggest blockchain,” Wazz posed.
Another user, Coinmamba, suggested that pressuring Miyaguchi to resign could result in Ethereum reaching new all-time high. Buterin strongly condemned these comments, defending Miyaguchi and calling out the toxicity of such social media rhetoric.
“No. This is not how this game works,” Buterin retorted. “The person deciding the new EF leadership team is me. If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent. YOU ARE MAKING MY JOB HARDER,” the Ethereum co-founder lamented.
Buterin also refuted specific claims against Miyaguchi, pointing out inaccuracies in translations and misinterpretations of her statements. He reiterated the need for a “proper board” within EF to enhance governance.
ETH Price Performance. Source: BeInCryptoEthereum’s ETH token was trading at $3,305 as of this writing, representing a modest 0.2% surge since Wednesday’s session opened.
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
11 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
11 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
11 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
11 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
11 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
Ripple’s RLUSD stablecoin is now available in the Cardano ecosystem through an integration by the cross-chain bridge Wanchain. This development comes amid the Cardano ecosystem’s plans to integrate more stablecoins on the network, while Ripple is also eyeing expansion of its stablecoin beyond the XRP Ledger (XRPL) and Ethereum.
Ripple’s RLUSD Now Available On The Cardano Network In an X post, Wanchain revealed that its cross-chain bridge now supports the RLUSD stablecoin. With the integration, users will be able to bridge the stablecoin directly from the XRPL network to the Cardano network. Furthermore, they can bridge the stablecoin from Ethereum to Cardano.
Additionally, users can bridge Ripple’s RLUSD stablecoin on XRPL or Ethereum to Wanchain and then route it from the bridge to the Cardano network. The bridge also enables bridging from the XRPL to the top Layer-1 network, Ethereum.
It is worth noting that RLUSD is currently issued natively only on the XRPL and Ethereum networks. However, Ripple announced plans last year to expand the stablecoin to Ethereum layer-2 networks, including Base, Optimism, Unichain, and Ink. The firm also noted that testing on these chains will begin in partnership with Wormhole.
RLUSD currently ranks as the 8th largest stablecoin, with a market cap of $1.5 billion. Most of the stablecoin’s supply currently sits on the Ethereum network, while 382 million tokens are in circulation on the XRP Ledger.
Boost For Cardano’s Ecosystem Ripple’s RLUSD becomes the second tier-1 stablecoin available to Cardano users, following USDC’s launch on the network earlier this year. It is worth noting that Cardano’s stablecoin market cap has climbed to $50 million following the launch of USDC.
The network’s DeFi TVL had also climbed when USDC launched on the network and could rise again, with network users now able to access RLUSD through the cross-chain bridge. Interestingly, Cardano’s founder, Charles Hoskinson, has long teased plans to integrate RLUSD natively into the network, though that has yet to happen.
Meanwhile, amid RLUSD gaining access to the Cardano ecosystem, Cardano stakeholder Input Output has put nine proposals forward in a bid to scale the network. Notably, none of them focuses on stablecoin integrations, with the highlight being the Leios upgrade, which developers aim to use to scale the network to 27 million monthly transactions by 2030.
Ripple’s US dollar-pegged stablecoin, RLUSD, can now move seamlessly across new networks following its integration with Wanchain’s bridge infrastructure. Users are now able to transfer RLUSD between the XRP Ledger, Ethereum, Cardano, and Wanchain networks, greatly improving cross-chain mobility. This marks a pivotal shift for Ripple, taking its stablecoin beyond the confines of its native platforms.
RLUSD gains momentum with Wanchain’s cross-chain bridgeAccording to an official statement from Wanchain, RLUSD is now transferable across multiple major blockchains via their bridge protocol. While RLUSD is minted natively on the XRP Ledger, the new integration enables its movement to Cardano, Ethereum, and Wanchain networks. Similarly, the Ethereum-based RLUSD can now traverse to Cardano and Wanchain using this infrastructure.
Currently, RLUSD is issued directly only on the XRP Ledger and Ethereum. However, the recent bridge integration lets users shift liquidity between blockchains without relying on centralized intermediaries. As stablecoins continue to gain traction in payments, trading, and decentralized finance (DeFi), such cross-chain compatibility becomes increasingly vital for users.
With this new support, RLUSD holders can move their assets from the XRP Ledger to Cardano through Wanchain’s infrastructure. RLUSD minted on Ethereum can also be integrated into the Cardano ecosystem via the same bridge. In addition, RLUSD available on the Wanchain network can now flow in both directions with Cardano.
Rising appeal of cross-chain bridgesWanchain has been focusing on interoperability and bridge solutions between blockchains for some time. The inclusion of RLUSD in its system brings Ripple’s stablecoin to a broader audience. Notably, Cardano has recently taken significant steps to expand access to dollar-backed assets within its ecosystem.
This bridge infrastructure also allows direct transfers between RLUSD on the XRP Ledger and Ethereum. For users managing liquidity across multiple blockchains, this reduces the hassle of executing additional swaps when navigating between various DeFi platforms and blockchain applications.
Ripple’s multi-chain stablecoin ambitionsThe integration supports Ripple’s multi-chain rollout strategy for RLUSD. Ripple previously disclosed plans to expand RLUSD over time to additional Ethereum-compatible layer-2 networks such as Base, Optimism, Unichain, and Ink. These deployments are currently being tested through a collaboration with Wormhole.
RLUSD has also made its way into the exchange landscape. Since early April, it has been tradeable on Coinone, allowing South Korean investors direct access to the stablecoin with Korean won. This move signaled Ripple’s entry into regulated stablecoin markets in Asia.
Beyond transfers, RLUSD has found new use cases in various applications. On the Bitrue exchange, it can now be used as collateral in futures markets, offering users a stable asset for leveraged trading and wider participation in derivative products.
Mastercard, meanwhile, is exploring options with RLUSD as part of its initiative to implement stablecoins into blockchain-based payment systems. While no formal launch has occurred yet, this reflects interest from major corporate players in utilizing Ripple’s stablecoin for institutional partnerships, beyond traditional token transfers.
Currently, RLUSD has achieved a market capitalization of roughly $1.5 billion, making it the eighth largest stablecoin in existence. While most tokens circulate on Ethereum, there are 382 million RLUSD in supply on the XRP Ledger. The Wanchain bridge integration has considerably broadened RLUSD’s access across multiple blockchains.
In its statement, Wanchain highlighted that by adding RLUSD to its bridges, it enables users to easily transition between important blockchains, aiming to increase RLUSD’s footprint within more diverse ecosystems.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: RLUSD now moves across XRPL, Ethereum, and Cardano using Wanchain bridge infrastructure European banks plan a euro stablecoin using Ripple tech, expanding institutional blockchain use Ripple upgraded custody services with compliance tools and staking for institutional clients RLUSD adoption grows through pilots in payments, settlements, and multi-chain DeFi access Ripple’s RLUSD stablecoin continues to expand its reach as new infrastructure and institutional developments reshape its role in digital finance.
Recent updates show progress in cross-chain access, banking collaborations, and custody services, positioning RLUSD within evolving global payment networks.
Cross-chain expansion strengthens RLUSD accessibility RLUSD’s latest development centers on its integration with Wanchain’s bridge infrastructure. This upgrade allows
transfers between the XRP Ledger, Ethereum, Cardano, and Wanchain. As a result, users can move RLUSD without relying on centralized exchanges.
A recent tweet from CoinDesk reported that Wanchain added support for Ripple’s RLUSD stablecoin. The post noted that the bridge enables transfers across major blockchain networks. This update confirms RLUSD’s growing presence in multi-chain environments.
The bridge supports two-way transfers, which improves liquidity movement between networks. Users can send RLUSD from the XRP Ledger to Cardano or from Ethereum to Cardano. They can also reverse these transactions with minimal friction.
This setup reduces dependency on wrapped assets and intermediaries. Instead, RLUSD operates across ecosystems in a more direct manner. As liquidity moves freely, trading and decentralized finance activity may become more efficient.
Wanchain acts as a central hub connecting these blockchains. Through this role, it simplifies how assets move between networks. Therefore, RLUSD becomes easier to access for users operating on different chains.
The stablecoin currently holds a market capitalization of about $1.5 billion. Around 382 million tokens circulate on the XRP Ledger. Meanwhile, a larger share remains active on Ethereum, supporting its broader use.
Institutional adoption and infrastructure upgrades progress Beyond technical integration, RLUSD is gaining traction among financial institutions. European banks are preparing to launch a euro-backed stablecoin using Ripple’s technology. ING, UniCredit, and BNP Paribas plan to release it in late 2026.
This initiative focuses on regulated digital payments within the eurozone. It also introduces competition to dollar-based stablecoins. Ripple’s infrastructure will support settlement and transaction processing for the project.
At the same time, Ripple has upgraded its custody platform. The update includes real-time compliance monitoring and cloud-based security systems. These features aim to meet institutional requirements for digital asset management.
The platform also introduces staking capabilities. This addition provides institutions with more flexibility when managing digital assets. As a result, RLUSD becomes easier to integrate into treasury operations.
Institutional use cases are already being tested in real-world scenarios. RLUSD is part of pilot programs for real-time settlements with partners like Kyobo Life Insurance. It is also being explored for credit card settlement processes with Mastercard.
These developments align with Ripple’s broader multichain strategy. RLUSD is also undergoing testing on Ethereum Layer-2 networks such as Base, Optimism, and Ink. These efforts expand its potential use across scaling solutions.
As RLUSD moves across networks and gains institutional support, its role in payments and finance continues to evolve. Its presence across multiple chains and systems reflects ongoing efforts to increase utility and access.
Wanchain has integrated Ripple stablecoin, RLUSD, into its cross-chain bridge, expanding connectivity beyond the XRP Ledger (XRPL) and Ethereum.
Specifically, Wanchain now enables RLUSD to move seamlessly across additional networks, including Cardano. This upgrade strengthens the stablecoin’s utility and positions it as a more versatile asset within the multi-chain landscape.
Key Points Wanchain integrates RLUSD into its cross-chain bridge, expanding its reach beyond XRPL and Ethereum. The integration allows RLUSD to move across XRPL, Cardano, Ethereum, Wanchain, and several other routes. Ripple is currently making moves to expand RLUSD access to more networks, with mainnet deployment on Ethereum L2 networks like Optimism expected this year. RLUSD currently holds a $1.6 billion market cap, with trading volume surging over 91% in 24 hours to $80.45 million. Wanchain Expands RLUSD Availability Beyond XRPL and Ethereum In a tweet, Wanchain announced adding RLUSD to its bridge infrastructure, enabling smooth two-way transfers across multiple blockchains.
Consequently, users can now move RLUSD between the XRP Ledger and Cardano, XRPL and Wanchain, Ethereum and Cardano, Ethereum and Wanchain, Wanchain and Cardano, as well as XRPL and Ethereum. This expanded routing significantly enhances the token’s cross-chain accessibility.
Moreover, the integration highlights ongoing efforts toward a multi-chain financial system. Instead of operating in the Ethereum and XRPL ecosystems alone, RLUSD now circulates across interconnected platforms, improving liquidity flow and user flexibility.
Ripple Plans RLUSD Debut on Multiple Blockchains Meanwhile, the move aligns with Ripple’s strategy to extend RLUSD’s reach beyond its native ecosystems. That vision gained traction in December when Ripple partnered with Wormhole, leveraging its NTT token standard to expand the stablecoin to Ethereum Layer-2 networks, including Optimism and Base.
While testing remains ongoing, Ripple plans a full mainnet rollout once it secures the necessary regulatory approvals. Now, with Wanchain’s integration, RLUSD’s accessibility has widened further to include Cardano and Wanchain’s own network.
RLUSD Volume Spikes 91% Since its launch in December 2024, RLUSD has rapidly gained traction in the crypto market. It has secured listings on major exchanges, including Binance, Bitget, Kraken, HashKey, and Coinone.
Currently, RLUSD has a market cap of $1.6 billion, ranking it as the 44th-largest token globally and the eighth-largest stablecoin. In addition, its trading activity has surged, with volume jumping over 91% in the past 24 hours to reach $80.45 million—an indication of rising demand and market engagement.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update.
ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close in preparation for the migration to FET.
Additionally, the delisting process from crypto exchanges would begin for the two tokens. Meanwhile, FET would continue to trade as usual, with spot and perpetual trading continuing under the same tricker.
The initial phase of the merger aims to “onboard exchanges and data aggregators for a smooth transition.” Fetch.AI saw a rebrand across platforms. The project took the Artificial Superintelligence Alliance name and logo but kept its ticker.
Moreover, the ASI alliance opened a migration platform on the SingularityDAO dApp to help users migrate their tokens. Some crypto exchanges, including Kraken and Coinbase, revealed they would not support customers on the ASI token merger.
Kraken announced that the trading of OCEAN and FET will continue to be supported on the platform until further notice. The exchange also noted that users must withdraw their tokens to a self-custodial wallet to migrate them.
Similarly, Coinbase informed its users that it chose to “not execute the migration of these assets on behalf of users.” Both exchanges also clarified they would not support the eventual migration from FET to ASI.
FET Retraces Following Rebrand After updating the token’s name, supply, and market capitalization, FET flipped Render (RNDR) in the AI tokens sector. According to CoinMarketCap data, the token is now the 27th largest cryptocurrency by market cap, with $3.38 billion.
Following the rebrand, FET’s price dropped similarly to when the token merger delay news was released. At the time, the merging tokens saw an 8-10% price decline following the rescheduling of the merger. The delay was attributed to logistical and technical issues.
FET fell from the $1.4 support zone on Monday to $1.27, a 9.7% drop in 12 hours. However, the AI token has recovered the $1.3 mark, currently trading at $1.33, representing a 3.6% decline in the last 24 hours.
Some market watchers found this performance disappointing. Some investors believe it might be best not to get involved until the merger is completed. Sjuul Follings, crypto trader and founder of Alt Crypto Games expressed his disappointment with the token’s recent fakeout.
Per the trader, he was optimistic about the late June price action, believing the token was about to break out and expand ahead of the ASI alliance. Nonetheless, FET could not reclaim the $1.8 support zone and retraced to the $1.4 support level over the weekend.
Despite the bearish trend, investors remain optimistic about the token’s future as the merger’s phase 1 is only starting. Some investors forecast a short-term price target of $5 for ASI and a long-term goal of $13.
FET is trading at $1.33 in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back. Market Wrap As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over $250 billion again.
Yet again Bitcoin pushed just above $7,900 for an intraday high before pulling back. It subsequently dropped below $7,500 again hitting support for a double bottom. At the time of writing BTC is back to $7,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below $250. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to $113. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed $7 billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to $1.36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization has picked up marginally, adding $3 billion to reach $253 billion. Volume is at $70 billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets falling back on Monday; BSV, XRP, and Tron dropping back, Litecoin and NEO stay afloat. Market Wrap Crypto markets are seeing red as we begin another trading week. Most of the majors are in decline following Bitcoin’s failure to hold gains and break $8,000. Total market capitalization has dropped below $250 billion and is poised to fall further as the selloff accelerates.
Bitcoin has dumped 2.5 percent on the day falling from just under $8k down to support at $7,500. BTC recovered a little during early Asian trading but is still down on the day trading at around $7,700. A big bearish signal was given by the weekly candle which was biggest drop since December at almost 11 percent.
As expected Ethereum is faring no better with a slide of over 3 percent down to $235. There is strong support around the $210 area and it could soon be there if analysts are correct.
The rest of the top ten is in the red as crypto declines increase. Bitcoin SV has dropped the most at over 6 percent falling back to $183. XRP is not far behind with over 4 percent lost as the Ripple token falls below $0.40 again. Bitcoin Cash, Binance Coin and Stellar are not doing much better. Litecoin has remained steady as halving fomo continues to drive LTC higher.
Top twenty losses are marginally greater with Tron dumping the most at over 5 percent. IOTA, Cosmos and Ethereum Classic are all losing around 3 percent and NEO is the only altcoin in the green adding 2 percent to remain over $12.
FOMO: Nebulas Skyrockets A massive dose of fomo has hit NAS today as it shoots up 45 percent. The autonomous smart asset platform does not appear to have anything fundamentally driving it aside from yesterday’s Nebulas Council Election Assistance Campaign launch;
Also getting a pump today is GXChain which has surged 36 percent and NULS up almost 20 percent. At the messy end of the crypto top one hundred is HyperCash dumping 13 percent while Ravencoin gets hit 9 percent on the day.
Total market cap 24 hours. Coinmarketcap.com Total crypto market capitalization has declined $5 billion since this time yesterday. It is now at $247 billion with a daily volume of $62 billion. Over the week markets are down 8.5 percent as over $20 billion has left the space. With Bitcoin poised to fall further the pain is likely to continue this week.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Want to steal some Bitcoin? All you need to do is find your victim’s 16-character public key and calculate their private key by solving something called an “elliptic curve discrete logarithm problem.” No sweat! With a regular computer, that’ll take you around 50 million times the amount of time the universe itself has left—around 0.65 billion billion years.
Ah, but with the right quantum computer, able to process information at speeds exponentially faster than today’s supercomputers? Suddenly, what seems uncrackable becomes child’s play, able to be broken in under 10 minutes.
The quantum-computing problem is nothing new to crypto, and many experts believe we have at least a decade or more to come up with quantum-resistant cryptography. However, some observers say that recent and unexpectedly fast advances are causing the time horizon to dramatically shrink. The most aggressive estimate says that bitcoin will be hackable by 2027, according to Fact Based Insights.
“We moved the state of the art more in the last two years than it has progressed in the last 15 or 20,” says Stewart Allen, Chief Operating Officer at IonQ, a company that claims to make some of the most powerful quantum computers in the world, in an interview with Decrypt.
On Thursday, top cryptographers will meet in Santa Barbara at the University of California for the National Institute of Standards and Technology (NIST) Post Quantum Cryptography semi finals. The finalists of the NIST competition will be announced in the months after the conference, though it might take years before the winner is annointed. Cryptographers say the standards that result represent blockchain’s best hope for resisting the rapidly encroaching power of quantum computers.
”If someone cracked your key, they could do anything they wanted,” Rob Campbell, President at Baltimore,Maryland-based Med Cybersecurity, told Decrypt. Anyone with sensitive information on the blockchain—cash, personal data, medical records—is at risk. With that sort of information, quantum hackers could “forge your name, take your assets,” and, if there’s medical data to be found, maliciously “triple your dose,” said Campbell. “It’s an open door.”
Take the Bitcoin blockchain: an unencrypted public key is sent along with every bitcoin transaction, and left unencrypted during the time it takes for the network to confirm the block, around ten minutes. That’s theoretically more than enough time for a quantum-equipped hacker to calculate a private key from the public key and replace the recipient’s address with his own.
Que Quantum?
Transistors in conventional computers capture data in terms of 1s and 0s. Is the sky blue today? If it is, 1. If not, 0. Computing is essentially combinations of these calculations: have enough transistors, you can compute almost anything.
With quantum computers, it’s possible for the same input, called a qubit, to represent both 0 and 1 at the same time, a non-binary state known as “quantum superposition”—think Schrödinger's dead-and-alive cat. This makes quantum computers exponentially more powerful; one lone, superpositioned qubit can handle the processing load of at least two full-sized transistors on a regular computer.
Using modified versions of “Shor’s algorithm,” a quantum algorithm that rapidly turns large numbers into prime factors, hackers could reverse the process that makes private keys so difficult to crack.
But at the moment, the best quantum computer is probably Google's Bristlecone quantum computer, which has 72 qubits. Miruna Rosca, a PhD student in post-quantum cryptography, tells Decrypt you’d probably need around 4000 qubits to break current cryptographic algorithms.
So how long do we have?
IonQ’s Allan, who creates quantum computers for a living, speculates it’ll take about a decade for post-quantum cryptography to become an issue. By then, he reckons, someone will probably have developed a quantum-resistant blockchain. Danny Ryan, a core researcher at Ethereum, thinks the same: “This isn't really a meaningful problem in the next 10 years and likely not for 20 to 30. That said, we tend to be bad at estimating things like this so we should be ready to transition sooner rather than later.”
But others say the problem requires immediate attention, and that—beyond the threat to Bitcoin—quantum computing could pose a major cybersecurity threat. Med Cybersecurity’s Rob Campbell says that a government armed with quantum decryption software could read all the world’s secrets.
A U.S. Navy signal officer by training, Campbell’s time in the classified research and development world has taught him that secret government technologies often outpace commercially available technology. “We were decades ahead of the commercial world,” he said. “We didn’t want any potential adversaries to know what our capabilities are.”
Even if Campbell’s claims seem ambitious, he points out that if an enemy security agency scrape all of your encrypted data today—which they certainly could—they’ll be able to decrypt all that data once they’ve built a powerful enough quantum computer. That’s enough to make developing quantum-resistant cryptographic techniques an issue of national security.
In any case, the arms race for quantum supremacy is well underway: China just spent $10 billion on a research center for quantum computers, and the U.S. has pumped hundreds of millions of dollars into the field.
Quantum-resistant techniques
Quantum computing can be just as effective for cryptographers as it is for hackers. Unobserved, superpositioned particles exist in multiple states, but when detected, they “collapse” to one point in space-time. Quantum cryptography has the same properties; because the protons that make up an encoded transaction shift upon observation, a successful attacker would have to break the laws of physics to intercept it.
This makes information encoded at the quantum level resistant to, among other things, so-called “man in the middle attacks,” where attackers intercept the transmission itself without having to decrypt the key.
A few blockchains claim to apply quantum-resistant techniques to ensure signatures and hashes remain encrypted, including QRL, IOTA, HyperCash, and Starkware. But with quantum computing still in its formative years, it’s difficult to determine the strength of these claims.
Until a quantum-resistant algorithm is tested and accepted by the wider academic community, there’s no assurance that any of these blockchains will be resilient enough against quantum computers. Scientists like Campbell are waiting on the results of next week’s NIST competition at UCAL-Santa Barbara; the final winners might not be announced for a few years, however. NIST tentatively expects drafts for standardisation will be completed around 2022.
“These winners are considered to be the best candidates on Earth and will likely go on to be standard cryptography and will be used by most of the planet,” says Campbell.
But developing the algorithm might not be the difficult part for large blockchains like Ethereum or Bitcoin. Whereas owners of centralized protocols can update the system as they please, blockchains, democratic by nature, require broad consensus among many thousands of miners to pass an upgrade.
In the case of an upgrade, all wallets that aren’t quantum-resistant become vulnerable to attack. That includes the 1 million bitcoins mined by Bitcoin’s pseudonymous inventor, Satoshi Nakamoto—if those aren’t migrated to a new, quantum-resistant wallet, they’re treasure for the first person with a powerful enough quantum computer.
“If high powered quantum computers appeared tomorrow,” said Ethereum’s Ryan, “we'd have many more problems than just the security of our blockchains.”
A 2019 National Academy of Sciences report concludes that, even if quantum computing is about a decade off, prioritising research is necessary to minimize “the chance of a potential security and privacy disaster.” Best get cracking, then.
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Back in 2009, Satoshi Nakamoto probably wasn’t overly concerned about advancements in quantum computing when he developed Bitcoin’s key encryption. Even now, quantum computing is still quite far off adoption levels that could be classed as mainstream, with only a handful of companies possessing the technology. But developments do mean that the threat that quantum computing poses to blockchains is starting to become real.
Currently, the key encryption used by blockchains such as Bitcoin and Ethereum is what keeps funds safe. Key encryption relies on a mathematical principle known as prime number factorization, which links the public and private key. The private key is based on prime numbers that are multiplied together to form the public key. Beyond numbers of a certain size, it becomes near-impossible to work out which prime numbers were multiplied together to generate the public key.
Current encryption standards use a length of 309 digits. This number is based on research that took place in 2009, where a single computer was used to try and factor a prime number 232 digits long. It took the equivalent of 2,000 years, which, believe it or not, was deemed too risky. So, the 309 standard prevailed.
Quantum computers can conduct many more thousands of calculations per second than current machines can handle, even considering the network effect of blockchains. The scary thing is that the pace of development now means that it’s likely that quantum computers could soon break the 309 digit encryption that’s used across many modern systems today - including many blockchains.
So Why Is This a Blockchain Problem? In terms of the quantum risk, blockchains are in a uniquely dangerous position due to the fact they’re decentralized. Any centralized entity can upgrade its encryption standards to a quantum-resistant level. But upgrading all of the active wallet addresses in a blockchain network is a more challenging effort.
Because it is an evolving technology, in the future we will need more and more powerful CPUs in order to speed up some of the core functions like the Bitcoin Hash and to make transaction faster and safer, in particular because every day more new people want to buy and invest in cryptocurrency.
Consider that currently, on any given day, the Bitcoin blockchain alone averages around 300-400k transactions. Each time a transaction is sent, the public key is exposed for the duration between the sending and the block confirmation. In this time, which averages 10 minutes, a quantum computer could have the opportunity to brute-force the private keys for all the transactions in each block. If they succeed, they could swipe the funds the second they reach the recipient address.
But it’s not all doom and gloom. Several projects are currently developing quantum-resistant blockchains that are more likely to be future-proof, should the quantum threat come to fruition. All of them have done away with prime number factorization in favor of post-quantum cryptographic methods.
QRLQuantum Resistant Ledger (QRL) was the first blockchain project to set out to become quantum-resistant. It has a singular vision - to ensure quantum resistance. QRL uses Extended Merkle Signature Schemes (XMSS) in place of prime number factorization for the generation of key signatures. This involves generating key pairs using cryptographic hashing. It’s a similar idea to block hashing in a blockchain.
QRL key pairs are single-use and are tied together in a Merkle tree - again, a similar method to what Bitcoin uses to group transactions. By using hash-based cryptography, QRL signatures are more resistant to quantum attacks.
Currently, QRL only operates as a cryptocurrency; however, future upgrades are planned that will introduce smart contract functionality.
QANIn contrast to QRL, QAN is developing a full-featured quantum-resistant smart contract platform straight off the bat. It’s also using a different variant of post-quantum cryptography called lattice-based cryptography, which is believed to provide some of the strongest quantum-resistance.
The underlying theory and calculations demonstrate this robustness and have been in development by mathematicians for over a decade now. So far, QAN is the only platform that has developed this work into a practical solution. QAN has also baked this quantum-resistance into its smart contract transactions, by requiring the lattice-based signatures for every single transaction on the network.
Other features include fixed transaction prices in fiat currency, designed to make the platform more attractive to enterprises. The fact that QAN is a permissioned ledger will also help its enterprise appeal. Furthermore, it offers multi-language programming support, meaning developers can write applications in languages already familiar to them.
HyperCashHyperCash, also known as HCash, also uses lattice-based signatures. They’re of a different variant to QAN, but with the same goal of achieving quantum resistance.
HyperCash aims to become an interoperability solution, enabling the transfer of cryptocurrencies and other digital assets between blockchains. It achieves this by operating two chains, one main chain called HyperCash, and a second chain called HyperExchange, which focuses on the interoperability.
HyperCash is firmly targeted towards the crypto purists, operating a decentralized autonomous governance model, and using the same zk-SNARKs protocols as privacy coin zCash.
Despite that the quantum threat could still be years off, it’s critical that today’s blockchain solutions are starting to future-proof themselves. As it gets closer, there’s every chance that crypto users will start clamoring for quantum-proof solutions. Therefore, it’s reassuring to know that at least some projects are taking this seriously. If Bitcoin really is under threat, then it may only be a matter of time before individuals and institutions start a mass exodus towards its quantum-resistant cousins.
Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price.
Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure.
The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident.
ZEC's price trends to the upside over the past 48 hours, as seen on the daily chart. Source: ZECUSD on Tradingview How The Zcash Bug Was Found — And What It Was The vulnerability was discovered on May 29, 2026 by security researcher Taylor Hornby during a protocol audit commissioned by Shielded Labs. Hornby identified a “soundness” flaw in Zcash’s Orchard zero-knowledge proof circuit — specifically an under-constrained element in the Orchard Action circuit that could allow invalid state transitions, creating a theoretical double-spending risk within the shielded pool.
The discovery was made using Anthropic’s Claude Opus 4.8 AI model alongside a custom analysis suite, per Shielded Labs’ official disclosure. Hornby and the AI developed a working proof-of-concept that successfully generated unlimited, completely undetectable counterfeit ZEC in a local test environment — described by one independent analyst as “about the worst kind of bug a cryptocurrency can have,” per Yahoo Finance’s reporting of the disclosure.
Critically, the flaw did not permit inflation of the total ZEC supply on the live network. Zcash’s internal turnstile accounting mechanism — which tracks the total value moving into and out of the shielded pool — confirmed no unauthorized value creation occurred while the flaw was active, per Shielded Labs’ official statement.
However, the organization acknowledged directly that due to the privacy properties of Orchard and the nature of the bug, there is no definitive cryptographic way to determine whether exploitation occurred — a limitation inherent to the shielded pool’s design that became its own source of market concern. The vulnerability had been present since Orchard’s activation in May 2022 — four years — without detection.
The Emergency Response Zcash’s development ecosystem responded with unusual speed. The first phase was an emergency soft fork deployed through Zebra 4.5.3, activated at block 3,363,426 on June 2, which temporarily disabled all Orchard transactions to remove the attack path while developers prepared the permanent fix.
Transparent and Sapling transactions continued operating normally throughout, per the Zcash Foundation’s official announcement on X. The second phase arrived on June 3 through the NU6.2 hard fork — activated at block 3,364,600 via Zebra 5.0.0 — which introduced a corrected circuit and a new verifying key, patching the flaw and re-enabling Orchard transactions, per the Foundation.
The market’s initial reaction to the hard fork was positive. ZEC rose from $544 on June 2 to $603 on June 3, continuing to $624 on June 4 — its highest level since the rally began. Then Arthur Hayes publicly disclosed he had exited his entire ZEC position intraday on June 4 — the same day as the peak — citing five macro factors including higher energy prices and upcoming AI IPOs, per his X post covered in prior reporting. The combination of Hayes’ exit and lingering uncertainty about whether exploitation had occurred before the patch sent ZEC to $309 on June 5.
The Recovery And What It Means Swihart’s June 7 X post — reassuring the community that total ZEC supply remained intact throughout and that the network had passed through the emergency without confirmed exploitation — appears to have been the catalyst for the recovery now underway. The swift two-phase response, combined with the Foundation’s transparent disclosure and Swihart’s direct communication, provided the confidence signal the market needed.
This development marks a pivotal and genuinely uncomfortable moment for Zcash’s long-term positioning in the nascent sector. A four-year-old vulnerability in the Orchard pool — the very component that defines ZEC’s core privacy value proposition — has been fixed cleanly and without confirmed exploitation.
But the structural irony that the privacy properties that make Zcash valuable also make it impossible to confirm the vulnerability was never used will remain a question mark the community will need to address as the recovery continues.
As of this writing, ZEC trades at around $430, recovering from its June 5 lows as confidence in the network’s security response gradually rebuilds.
Cover image from Grok, ZECUSD Chart from Tradingview
A crypto wallet that may belong to BitMEX co-founder Arthur Hayes has purchased 3,000 ETH worth roughly $5.42 million just after a US-Iran peace deal lifted sentiment across digital asset markets.
Hayes-Linked Wallet Received 3,000 ETH According to Lookonchain, the wallet possibly tied to Hayes received the 3,000 ETH from market maker Flowdesk on June 15. “A wallet possibly linked to Arthur Hayes received 3,000 ETH ($5.42M) from Flowdesk an hour ago,” the on-chain tracker wrote on X.
The purchase stands out given Hayes’s recent posture. Over the past two weeks, the Maelstrom chief investment officer had been cutting risk aggressively.
In his “Reality Test” essay published June 8, he liquidated his Hyperliquid, Near Protocol and Worldcoin holdings and exited Zcash, calling the moves defensive. He framed the selling as macro de-risking rather than a loss of faith in the projects, and kept Bitcoin and Ether as core holdings.
Even while trimming altcoins, Hayes has stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum’s role as the collateral layer for DeFi.
The timing also comes amid a shift in the macro backdrop. On Sunday, President Trump declared the Iran deal complete, authorizing the reopening of the Strait of Hormuz and the removal of the US naval blockade, with a formal signing ceremony set for June 19 in Switzerland.
Bitcoin Tops $66.5K as Trump Says Hormuz Shipping Resumes As reported, Bitcoin surged past $66,500 on Monday after Donald Trump posted on Truth Social that maritime traffic through the Strait of Hormuz had resumed more freely. He wrote that ships, many loaded with oil, were moving out of the strait along a southern route he described as safe and secure.
The remarks signaled improving shipping flows through a critical chokepoint for global crude, sparking a risk-on mood that pushed BTC up 3.5% to $66,570 at press time, leading gains across major cryptocurrencies.
Crude oil prices, meanwhile, dropped 5.13% to $80.53 per barrel. The inverse relationship matters. When oil spiked above $100 during the height of the conflict, Bitcoin had crashed below $60,000 as capital fled risk assets. With supply fears now easing, some analysts believe the strait’s reopening could have a lasting positive effect on Bitcoin and the wider crypto market.
Still, the broader market reaction has been guarded. Traders remain skeptical of a lasting turnaround, with more than $4.8 billion having exited US Bitcoin ETF products since May, and previous Middle East ceasefires this year collapsed before holding.
Ethereum has surged nearly 6% and attracted fresh whale buying after a reported U.S.-Iran peace agreement improved risk sentiment across global markets.
Summary
A wallet reportedly linked to Arthur Hayes received 3,000 ETH worth $5.42 million as Ethereum rallied following news of a U.S.-Iran peace agreement. Ethereum climbed nearly 6%, while another whale, geministar.eth, accumulated 21,136 ETH worth about $37 million from Binance. Technical indicators show ETH breaking above a multi-week downtrend, with analysts eyeing the $1,850-$1,860 resistance zone. According to on-chain tracker Lookonchain, a wallet possibly linked to BitMEX co-founder Arthur Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk on June 15. The transfer came as Ethereum rallied alongside other cryptocurrencies following signs that tensions in the Middle East may be easing.
The purchase follows a period in which Hayes had been reducing exposure to several altcoins. In his June 8 essay titled Reality Test, the Maelstrom chief investment officer disclosed that he had sold positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash.
Hayes described the moves as a defensive response to macroeconomic risks rather than a rejection of those projects, while noting that Bitcoin and Ethereum remained among his core holdings.
Ethereum extends gains as risk appetite returns Support for risk assets strengthened after U.S. President Donald Trump announced that a peace deal with Iran had been completed. Trump said shipping traffic through the Strait of Hormuz had resumed and that vessels carrying oil were once again moving through what he described as a secure route.
The development triggered a sharp decline in energy prices. Crude oil fell more than 5% to around $80.53 per barrel, easing concerns that disruptions in one of the world’s most important energy corridors could fuel inflation and weigh on financial markets.
Ethereum responded strongly to the change in sentiment. At press time, ETH traded near $1,828 after climbing almost 6% over the previous 24 hours. The move pushed the asset to its highest level in more than a week and helped it outperform several major cryptocurrencies during Monday’s session.
Large investors appeared to be adding exposure during the rally. Separate data shared by Lookonchain showed that wallet address geministar.eth purchased 21,136 ETH worth roughly $37.05 million from Binance through a series of transactions on June 15.
Technical indicators point toward $1,850 test Price action has also improved from a technical perspective. On the daily chart, Ethereum has broken above a descending trendline that had capped rallies since late April. The move places ETH above the upper boundary of a bearish flag structure that had formed during the decline from roughly $2,400.
Ethereum daily price chart — June 15 | Source: crypto.news Momentum indicators have started to recover as well. The daily MACD has produced a bullish crossover, while the Chaikin Money Flow indicator has been moving higher, signaling that selling pressure is fading.
Additional upside could depend on whether Ethereum clears a key resistance zone near the 0.618 Fibonacci retracement level around $1,858. A successful move above that area would strengthen the argument that the recent breakout is invalidating the bearish flag pattern rather than confirming it.
Meanwhile, crypto analyst Ali Martinez pointed to a potential ascending triangle breakout on Ethereum’s four-hour chart. According to Martinez, confirmation of the pattern projects a move toward $1,850, placing the target almost directly in line with the resistance area currently being tested.
Even before the latest purchase, Hayes had maintained an optimistic outlook on Ethereum. In a June market thesis, he projected that ETH could reach between $10,000 and $20,000 before the current market cycle ends, citing expected liquidity growth and Ethereum’s position within decentralized finance.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
TLDR:Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC TransferEthereum Trading Activity Picks Up as ETH Gains Momentum Arthur Hayes received 3,000 ETH worth about $5.42 million through a Flowdesk OTC transaction. On-chain records linked the transfer to a wallet previously associated with the BitMEX co-founder. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure. Ethereum’s recent price strength has increased attention on large wallet accumulation activity. Arthur Hayes has added 3,000 ETH to a wallet linked to him, according to newly surfaced on-chain data. The transaction carried an estimated value of $5.42 million at the time of transfer.
Data shows the Ethereum was routed through Flowdesk’s over-the-counter trading desk rather than a public exchange. The move arrives as ETH records a strong daily gain and renewed activity across crypto trading markets.
Arthur Hayes ETH Purchase Emerges Through Flowdesk OTC Transfer Blockchain tracking data shared by Hupzy and sourced from Lookonchain showed a wallet associated with the BitMEX co-founder receiving 3,000 ETH.
📈 𝗔𝗿𝘁𝗵𝘂𝗿 𝗛𝗮𝘆𝗲𝘀 has purchased 𝟯,𝟬𝟬𝟬 𝗘𝗧𝗛 (~$𝟱.𝟰𝟮𝗠) via Flowdesk OTC, according to on-chain data. A wallet linked to the BitMEX co-founder received the ETH roughly an hour ago.https://t.co/xU3uC6VXE8
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Hayes has a track record of large,… pic.twitter.com/XeA3xEQPCM
— Hupzy (Spot On Chain) (@hupzy_agent) June 15, 2026
The transfer occurred roughly one hour before the transaction was highlighted on social media. On-chain records indicate the assets were delivered through Flowdesk’s OTC infrastructure.
Unlike exchange-based purchases, OTC transactions allow large buyers to acquire assets without placing sizable orders on public order books.
That approach can help reduce market impact during execution. It also limits visible buying pressure that often accompanies large spot purchases.
The wallet identified in the transaction has been linked to Hayes through previous blockchain activity. The transfer therefore attracted attention across crypto trading communities.
According to the data shared by Hupzy, the transaction was valued at approximately $5.42 million based on prevailing Ethereum prices.
The purchase follows a period of heightened volatility for ETH, which posted a double-digit gain over the previous 24 hours.
Hayes has previously made large directional Ethereum bets, making his wallet activity closely watched by market participants.
Ethereum Trading Activity Picks Up as ETH Gains Momentum The OTC route used for the transaction stood out because it avoided immediate interaction with exchange liquidity.
Market participants often use OTC desks when executing large orders that could otherwise create price slippage.
Hupzy noted that the Flowdesk transaction structure reduced the likelihood of moving the market during execution.
Because the trade occurred away from public order books, no additional spot selling pressure emerged from the transaction itself.
Ethereum continued trading above recent consolidation levels following the transfer. Recent market action placed attention on the $2,450 to $2,500 range identified in the shared market commentary.
While the transaction represents a notable purchase, the data reflects activity from a single wallet rather than a broader market trend.
Lookonchain’s tracking data and Arkham-linked wallet records remain the primary sources confirming the transfer.
The development adds another closely watched Ethereum transaction to a market already seeing increased trading activity and renewed attention toward large on-chain movements.
A wallet associated with Arthur Hayes purchased about $5.4 million worth of Ethereum following positive changes in geopolitics. This happened after weeks of portfolio risk reduction, during which Hayes sold off some altcoins while retaining faith in Ethereum. BitMEX co-founder Arthur Hayes has been indulging in Ethereum accumulation, drawing the attention of institutional investors. According to Lookonchain, a wallet linked to Hayes received 3,000 ETH worth around $5.4 million from market maker Flowdesk. This transaction was seen to have occurred after optimistic geopolitical developments. Also, this move has lifted the market sentiment across worldwide financial and digital asset markets.
This move gained traction as Hayes had previously decreased his exposure to several high-risk cryptos. He had made such moves in the preceding weeks with Hyperliquid, Near Protocol, Worldcoin, and Zcash, due to macroeconomic factors. He stated that these moves were made purely as a defensive play rather than a lack of confidence in crypto markets.
According to market observers, the current Ethereum purchase is quite different from what Hayes has been doing lately, which involves risk aversion. Moreover, the purchase was made against a backdrop of positive sentiment in the markets due to the conflict settlement surrounding Iran.
Ethereum Buys Amidst Positive Risk Sentiment The recent purchase of Ethereum came amidst the uptick in crypto assets. And, among the positive indications of smoother shipment in the Strait of Hormuz region. Also, the price of oil decreased, further improving risk appetite for investors. It is important to note that prices of energy commodities usually play a big role in inflation expectations.
While making some changes to their investment portfolio recently, Hayes continues to see a bright future for Ethereum. His view of Ethereum was associated with its function as a part of decentralized finance and blockchain technologies.
Traders keep analyzing whether positive economic factors could bring recovery to the cryptocurrency market. Monetary policy decisions, geopolitics, and other similar factors are taken into account when investors assess how favorable the situation regarding market liquidity is. As a consequence, new purchases of ETH made by Hayes are also a very significant signal for the digital asset market.
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Hayes Keeps Adding to His ETH PositionBitMEX co-founder Arthur Hayes (@CryptoHayes) has purchased another 1,500 $ETH worth roughly $2.63 million, according to Arkham data. The buy is the latest in a series of on-chain moves that have made Hayes one of the most closely watched accumulators in the Ethereum market this month.
The purchase adds to a broader pattern flagged by on-chain trackers throughout June. Lookonchain reported that a wallet associated with Hayes bought another 1,400 ETH worth around $2.51 million, adding to a steady accumulation streak in line with a pattern where Hayes-linked addresses scooped up about $5.4 million in ether following signs of easing tensions in the Middle East.
That earlier tranche came on June 15, when a wallet possibly linked to Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk, according to on-chain tracker Lookonchain. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure.
A Deliberate Reset, With ETH as the Core HoldingThe renewed buying comes after a period in which Hayes trimmed his broader crypto exposure. In his June 8 essay "Reality Test," the Maelstrom CIO disclosed selling positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash, framing those exits as defensive responses to macro uncertainty rather than thesis changes. Bitcoin and Ethereum remained explicit core holdings throughout that rotation, making the Flowdesk-sourced ETH purchase a re-loading of a position he never fully abandoned.
Hayes has been consistently bullish on Ethereum's longer-term trajectory. Even while trimming altcoins, Hayes stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected $ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum's role as the collateral layer for DeFi.
The accumulation is not happening in isolation. On-chain data shows accumulation addresses bought over 1.11 million ETH in a single week, the highest accumulation rate recorded so far in 2026. Whether the weight of those inflows can establish a durable price floor for $ETH remains to be seen, but the direction of large-wallet activity is clear.
Sources:
Arthur Hayes scoops up $5.4M in Ethereum after Iran deal (Crypto.news)
Ethereum Whales Load Up: Arthur Hayes-Linked Wallet and Geministar Scoop up Tens of Millions in ETH (Bitcoin.com News)
Ethereum Accumulation Hits 2026 High as Arthur Hayes-Linked Wallet Buys $5.4M (CoinCentral)
Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, has reportedly purchased Ethereum (ETH). According to information shared by the on-chain data platform Onchain Lens, a wallet address allegedly linked to Hayes purchased a total of 1,500 ETH through market maker and liquidity provider Cumberland.
The transaction, reportedly worth approximately $2.63 million, has attracted attention within the cryptocurrency community. Given the recent focus on Ethereum’s price performance and the interest from institutional investors, this transaction by a wallet allegedly linked to Hayes is seen as an indicator of positive expectations for the market’s future.
Arthur Hayes stands out as one of the most influential figures in the cryptocurrency sector, thanks to his past market analyses and bold price predictions. In recent years, his assessments of Bitcoin and Ethereum, in particular, have been closely followed by investors, and his transactions are considered important signals regarding market sentiment.
Analysts note that the continued accumulation of Ethereum by large investors and high-capital wallets indicates sustained long-term confidence in the asset. However, experts emphasize that a single transaction is not enough to determine market direction, and investors should also monitor broader indicators such as macroeconomic developments, network activity, and institutional demand.
Ethereum maintains its leading position in decentralized finance (DeFi), tokenization, and smart contract applications, and large-scale purchases indicate continued market interest. The latest transaction from a wallet reportedly linked to Arthur Hayes is considered a new example of this interest.
*This is not investment advice.
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BitMEX co-founder Arthur Hayes is once again in the limelight, but this time due to his latest Ethereum movement. According to the latest market data, Hayes has offloaded a hefty amount of ETH, that he has purchased over the past few days at a loss.
Notably, he is known for buying tokens at a lower price and selling them at a higher price. Having said that, his latest move has sparked speculations while also triggering doubts over his long-term confidence in the Ethereum price.
Arthur Hayes Dumps Ethereum But Whales Remain Bullish The ETH price has struggled to break through the $1,700 support amid a gloomy sentiment recorded in the broader crypto market. At the same time, the latest move from Arthur Hayes has further weighed on the investors’ sentiment.
According to Lookonchain, Arthur Hayes has accumulated 5,900 ETH, valued at $10.58 million, over the past few days. The accumulation was done at an average price of $1,793 per Ethereum.
However, today, Hayes has dumped 6,000 ETH at $1,690 per coin, the report showed. In other words, he has sold 6,000 Ethereum at $10.14 million, resulting in a loss of $606k. This has fueled concerns, as Arthur Hayes is usually known for buying low and selling at higher prices.
Despite that, it seems that not everyone is bearish on the second-largest crypto by market cap. For context, another Lookonchain report showed that “whales are accumulating ETH.”
As per the report, K3 Capital bagged 10,000 ETH, worth $16.92 million, from Binance today. Simultaneously, Chun Wang-related wallet has scooped up 7,650 Ethereum, valued at $12.93 million, recently.
Source: Lookonchain ETH Price Struggles Near $1,700 Ethereum price has continued to stay in the negative territory, and rested near the $1,700 mark today. The crypto has touched a low of $1,670 in the last 24 hours, which highlights the immense selling pressure in the market.
Amid this, analyst Ted Pillows has sparked discussions about whether the ETH price can move towards the $1,900 mark ahead or not. Simultaneously, if selling pressure worsens, he suggested that the crypto might slip to $1,500 support next.
Meanwhile, these mixed signals, alongside Hayes’s latest Ethereum move, have fueled concerns among traders. It’s worth noting that Arthur Hayes has also dumped Worldcoin this month, ahead of the blockbuster SpaceX IPO.
In addition, he has also dumped his entire Hyperliquid (HYPE) holdings as well as NEAR tokens, which has further fueled concerns among traders. So, the investors are keeping close track of the Ethereum price movements now, before putting their bets into the asset.
Arthur Hayes, co-founder of BitMEX and a notable figure in the cryptocurrency industry, has closed a recent Ethereum position with significant losses. According to on-chain analytics platform Lookonchain, Hayes sold 6,000 ETH at an average price of $1,690 each, despite acquiring around 5,900 ETH at an average of $1,793 just days earlier. This resulted in an estimated $606,000 loss for Hayes, with the total sale value amounting to approximately $10.14 million.
Hayes exits, major wallets buy inLookonchain’s data suggests Hayes has taken a more cautious approach in the short term, a departure from his well-documented strategy of buying during dips and selling into market rallies. Hayes’ decision to exit at a loss has drawn considerable attention from market participants, as he is often regarded as an indicator of broader sentiment on Ethereum price direction.
Lookonchain reported that Arthur Hayes accumulated 5,900 ETH at an average of $1,793 over the past four days and then sold 6,000 ETH at $1,690, realizing a loss of approximately $606,000.
During the same period, other large investors moved in the opposite direction. K3 Capital withdrew 10,000 ETH from Binance, while a wallet associated with Chun Wang accumulated an additional 7,650 ETH. Altogether, these transactions saw 17,650 ETH accumulated by large players, signaling that some institutional investors viewed the current price levels as a buying opportunity.
Glossary: Lookonchain is an on-chain data platform tracking wallet movements across blockchains, highlighting major transfers and trading activity.
PartyActionAmountPrice/ValueArthur HayesSell6,000 ETH$1,690, $10.14 millionK3 CapitalWithdrawal10,000 ETH$16.9 millionChun Wang linked walletBuy/withdrawal7,650 ETH$12.9 millionEthereum holds key levels near $1,700Ethereum has lately been trading around the $1,700 mark. This level is significantly below the April peak, which topped $2,400, but sits above the June low of $1,507. Technical charts indicate the 78.6% Fibonacci retracement zone near $1,703 has become a focal point for traders monitoring potential support.
Technical indicators continue to show downside pressure. The Relative Strength Index (RSI) remains below the neutral 50 level, while the MACD oscillator persists in negative territory. Analysts note that these conditions suggest downward momentum for Ethereum has yet to abate.
The team at LAMBO observed a clear trading range for Ethereum between $1,500 and $1,800, emphasizing that a breakout from this band will likely dictate the direction of the next major move.
Support and resistance levels definedCoinGlass data shows that liquidity is concentrated between $1,780 and $1,820, with $1,800 in particular emerging as a significant resistance area due to strong order depth. If Ethereum can sustain a move above this zone, the $1,856 level is likely to come into play as the next possible target.
Conversely, analysts caution that losing support at $1,700 could see the market focus first on $1,620, then on the June low of $1,507. On the four-hour charts, Ethereum remains below a descending trend line that has capped upward attempts since early May, highlighting continued technical weakness.
The report also noted that Hayes has recently sold positions in other assets, including Worldcoin, Hyperliquid, and NEAR Protocol. These moves reinforce the view that Hayes has shifted to a more defensive stance across his portfolio in the current market environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
QANplatform, Ethereum Virtual Machine (EVM) compatible, launched the world’s first quantum-resistant blockchain test network, enabling the development of quantum-resistant smart contracts. According to an announcement shared by QANplatform, the new test network will allow developers to write smart contracts using any programming language. Speaking about the process, QANplatform co-founder and CTO Johann Polecsak indicated that this points to the first EVM-compatible test network with quantum-resistant cybersecurity.
What to Expect in the Quantum Field?Since the release of IBM Condor, the second-largest quantum processor with 1,121 qubits in December 2023, post-quantum security has become an urgent concern. Polecsak explained that due to their inherently decentralized nature, most of the top blockchain networks like Bitcoin, Ethereum, or Solana could not adopt quantum-resistant security measures without significant negative impact:
“Blockchain networks will backfire in the post-quantum transition because it will be impossible to say whether legitimate owners transferred funds and data or hackers stole it all. In such cases, billions of dollars worth of data could instantly devalue the affected blockchain networks as it begins to be transferred on behalf of the real owners by hackers.”
However, the new QANplatform test network will allow testing of transition processes to a quantum-resistant alternative for EVM-compatible protocols without risking user funds on the main network. The announcement of the test network came about two months after the first European country adopted QANplatform’s quantum-resistant technology in March. The technology solution provides protection against quantum computing attacks aimed at government cybersecurity infrastructure.
Quantum-Resistant TechnologiesGovernments worldwide are already preparing for the post-quantum era, and the European Commission launched the Quantum Flagship research initiative in 2018 with a budget of at least 1 billion euros over a 10-year period. According to Polecsak from QANplatform, considering that quantum computing already poses a significant security threat to everyday internet users, these efforts are justified:
“Quantum-resistant technology is already important today due to the ‘store now, decrypt later’ cybersecurity threat, which involves attackers collecting encrypted data to decrypt later using more powerful computing methods like quantum computers.”
Major companies are also preparing for the post-quantum future. Apple, announced a new update in February aimed at making iMessages quantum-resistant, positioning Apple as a leader among quantum messaging providers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
QANplatform announced the launch of its quantum-resistant and Ethereum-compatible blockchain testnet. This launch gives developers room to code smart contracts in several programming languages.
Exploring New Features on Quantum-Resistant Blockchain The QAN Testnet is the latest version of QANplatform’s blockchain that allows users to test new features. This means that the team gets feedback from developers and users to improve these features. Before launching the testnet, the QANplatform had a few things going on. They implemented a quantum-resistant technology for a European Union member state.
The QAN testnet is a significant milestone in the QAN platform and Web3 technology. It displays QAN’s interest in helping developers in the blockchain industry. This means that developers can build smart contracts with any programming language. That’s pretty impressive, and that’s what QAN Testnet is about.
We are proud to announce that QANplatform has rolled out the world’s first quantum-resistant and EVM-compatible blockchain testnet, where developers can code smart contracts in any programming language.https://t.co/2Q9hQDrLxv pic.twitter.com/91x42i7ZQl
— QANplatform (@QANplatform) May 7, 2024
QAN Testnet stands out from other web3 platforms like EOSIO. It has unique features. These features include:
Quantum-Resistant Security The QAN Testnet is secure against potential attacks because of its quantum-resistant security.
Compatibility with Ethereum Although EOSIO and its virtual machine, the QAN testnet is compatible with EVM blockchains. This would lead to smooth transactions with the Ethereum-compatible blockchains.
Approves any Programming Language Many blockchains support certain programming languages for coding smart contracts. But the QAN Testnet is different. QAN Testnet accepts any programming language. So, as a developer, you can use the programming language you know to code smart contracts.
No-Code Smart Contract Studio QAN has a no-code smart contract studio. This feature makes it an exceptional platform. With this feature, you can code smart contacts with zero coding experience. You can use the no-code smart contract studio feature to achieve this in a few minutes.
Following the completion of the primary tests on the QAN TestNet, the #QANplatform team is currently finalizing the most comprehensive developer documentation we have ever released. After years of dedicated effort, on May 7th, we will proudly introduce the world's first…
— QANplatform (@QANplatform) April 24, 2024
More About QANPlatform The QANPlatform is compatible with PoS and PoW consensus algorithms. But, here’s something new: CRYSTALS-Dilithium. QANplatform uses CRYSTALS-Dilithium for its activities. Also, CRYSTALS-Dilithium helps secure transactions even against quantum computers. This means that It ensures that your data is secure.
6/#QANplatform comment: The QAN private blockchain will be the first Ethereum EVM-compatible, quantum-resistant #blockchain where developers can code smart contracts in ANY programming language.
It will use NIST primary recommended #PostQuantum algorithm, CRYSTALS-Dilithium.
— QANplatform (@QANplatform) July 17, 2023
QANplatform’s co-founder and CTO, Johann Polecsak, expressed thoughts about the testnet. He said that the team aims to handle current and future problems in the blockchain industry.
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
QANplatform announced the launch of its quantum-resistant and Ethereum-compatible blockchain testnet. This launch gives developers room to code smart contracts in several programming languages.
Exploring New Features on Quantum-Resistant Blockchain The QAN Testnet is the latest version of QANplatform’s blockchain that allows users to test new features. This means that the team gets feedback from developers and users to improve these features. Before launching the testnet, the QANplatform had a few things going on. They implemented a quantum-resistant technology for a European Union member state.
The QAN testnet is a significant milestone in the QAN platform and Web3 technology. It displays QAN’s interest in helping developers in the blockchain industry. This means that developers can build smart contracts with any programming language. That’s pretty impressive, and that’s what QAN Testnet is about.
We are proud to announce that QANplatform has rolled out the world’s first quantum-resistant and EVM-compatible blockchain testnet, where developers can code smart contracts in any programming language.https://t.co/2Q9hQDrLxv pic.twitter.com/91x42i7ZQl
— QANplatform (@QANplatform) May 7, 2024
QAN Testnet stands out from other web3 platforms like EOSIO. It has unique features. These features include:
Quantum-Resistant Security The QAN Testnet is secure against potential attacks because of its quantum-resistant security.
Compatibility with Ethereum Although EOSIO and its virtual machine, the QAN testnet is compatible with EVM blockchains. This would lead to smooth transactions with the Ethereum-compatible blockchains.
Approves any Programming Language Many blockchains support certain programming languages for coding smart contracts. But the QAN Testnet is different. QAN Testnet accepts any programming language. So, as a developer, you can use the programming language you know to code smart contracts.
No-Code Smart Contract Studio QAN has a no-code smart contract studio. This feature makes it an exceptional platform. With this feature, you can code smart contacts with zero coding experience. You can use the no-code smart contract studio feature to achieve this in a few minutes.
Following the completion of the primary tests on the QAN TestNet, the #QANplatform team is currently finalizing the most comprehensive developer documentation we have ever released. After years of dedicated effort, on May 7th, we will proudly introduce the world's first…
— QANplatform (@QANplatform) April 24, 2024
More About QANPlatform The QANPlatform is compatible with PoS and PoW consensus algorithms. But, here’s something new: CRYSTALS-Dilithium. QANplatform uses CRYSTALS-Dilithium for its activities. Also, CRYSTALS-Dilithium helps secure transactions even against quantum computers. This means that It ensures that your data is secure.
6/#QANplatform comment: The QAN private blockchain will be the first Ethereum EVM-compatible, quantum-resistant #blockchain where developers can code smart contracts in ANY programming language.
It will use NIST primary recommended #PostQuantum algorithm, CRYSTALS-Dilithium.
— QANplatform (@QANplatform) July 17, 2023
QANplatform’s co-founder and CTO, Johann Polecsak, expressed thoughts about the testnet. He said that the team aims to handle current and future problems in the blockchain industry.
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
TLDR UwU Lend, a DeFi lending protocol, suffered another hack, losing approximately $3.5 million to $3.7 million, just days after a previous $20 million exploit. The ongoing exploit targeted multiple asset pools, including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT, with the stolen funds being converted to Ethereum. The attack occurred during the reimbursement process for the previous hack victims, with UwU Lend having already repaid over $9.7 million in bad debt. The initial exploit was caused by price manipulation, while the latest exploit is a consequence of the attacker holding sUSDE tokens gained from the first attack. UwU Lend’s total losses from both hacks amount to around $23 million, causing a significant decline in the value of its governance token, UWU. UwU Lend, a decentralized finance (DeFi) lending and liquidity protocol, has fallen victim to yet another significant security breach, just days after suffering a $20 million exploit.
The latest attack, which occurred on June 13, 2024, has resulted in an additional loss of approximately $3.5 million to $3.7 million, bringing the total losses to around $23 million within a single week.
The ongoing exploit targeted multiple asset pools within the UwU Lend protocol, including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT.
The stolen funds, amounting to roughly $3.5 million, have been converted to Ethereum (ETH) and are currently held in the attacker’s wallet address, “0x841dDf093f5188989fA1524e7B893de64B421f47.”
????ALERT????@UwU_Lend has suffered another security breach by the same attacker!
Total loss: $3.7M
Affected pools: uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, uUSDT
All stolen assets have been converted to $ETH and are located at the attacker's address: https://t.co/9TvwLh18P1
To learn… https://t.co/AjcMS1Cdyl
— ???? Cyvers Alerts ???? (@CyversAlerts) June 13, 2024
The attack took place during the reimbursement process for victims of the previous $20 million exploit. UwU Lend had already repaid over $9.7 million in bad debt, including 481.36 wETH worth more than $1.7 million for the Wrapped Ether (wETH) market alone.
The initial exploit, which occurred on June 10, was caused by price manipulation. The attacker used a flash loan to swap USDe for other tokens, leading to a lower price of Ethena USDe (USDE) and Ethena Staked USDe (SUSDE).
By depositing the tokens to UwU Lend and lending more SUSDE than expected, the attacker drove the USDE price higher, ultimately stealing nearly $20 million in tokens.
According to CertiK, a crypto security firm, the latest exploit is not due to the same vulnerability but rather a consequence of the first attack. The attacker gained a significant number of sUSDE tokens from the initial exploit and, despite the protocol being paused, UwU Lend still considered sUSDE as legitimate collateral.
This oversight allowed the attackers to exploit the remaining sUSDE and drain the remaining pools.
The series of hacks has had a significant impact on UwU Lend’s governance token, UWU, which has shed 14.5% of its value over the past seven days and 81% in the past year, now holding a market cap of just $26 million.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Decentralized finance protocol UwU Lend has suffered another exploit from the same attacker, costing it $3.7 million worth of stolen funds.
UwU Lend, an Ethereum-based lending and liquidity protocol, has apparently suffered another hack from the same attacker, who exploited the protocol two days ago for nearly $20 million.
According to data from Cyvers Alerts, the hacker drained $3.7 million in liquidity from pools including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT. All stolen assets have been converted to ETH and are currently held at the attacker’s address, the firm added.
As noted by an X user under the alias @CryptoEvgen, the hacker used funds “stolen during the first hack for this new attack.” The cause of the latest incident remains unclear, and UwU Lend has yet to make a public statement on the matter.
The latest incident comes just two days after UwU Lend lost $20 million worth of crypto, what the protocol described as a “sophisticated attack.” As crypto.news reported, the attacker seemingly utilized Curve LlamaLend as the “exit liquidity” for the attack.
UwU Lend was founded by Michael Patryn, also known as Omar Dhanani or “0xSifu,” who is a co-founder of the ill-fated QuadrigaCX exchange. Based on the open-source AAVE v2 code, UwU Lend offers lending, borrowing, and staking services, and shares platform revenues with users through its native token, UwU.
Ethereum (ETH)-based decentralized finance (DeFi) protocol UwU Lend just suffered a security breach that siphoned $23 million worth of crypto from its platform.
In a post on social media platform X, the team behind UwU Lend says the protocol will be paused until the investigation of the exploit has concluded.
[adinserter block="1"]
“Yesterday UwU Lend was the target of an exploit involving a sophisticated attack. The team reacted swiftly and the protocol was paused within minutes. Rates for borrows and deposits have been set to 0% so users’ positions will not be affected by this pause.”
UwU Lend already made an offer to the hacker and is now awaiting a response. In an on-chain message, the lending and liquidity protocol says the exploiter will get a white hat bounty in exchange for returning the stolen assets.
“UwU Lend would like to discuss a bounty with any parties involved in the recent UwU Lend exploit. We are offering a 20% white hat bounty of any funds taken, which you may keep if you return the remaining 80% to uwulend.eth. You will face no risk of us pursuing this further and no risk of law enforcement issues.”
The exploiter has until 5 PM on June 12th to voluntarily return the assets. Otherwise, UwU Lend says it will offer the bounty to the public and reward 20 percent to anyone who can identify the hacker in a way that will lead to a conviction in court.
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DeFi lending protocol UwU Lend has suffered two attacks in the past three days. The second exploit occurred on Thursday during the protocol’s reimbursement process from the first hack. The ongoing saga has taken around $23 million from the protocol.
DeFi Protocol Hit With $20 Million Exploit On June 10, DeFi project UwU Lend was hit by a sophisticated attack that took $19.3 million. The attack seemingly involved the use of flash loans to exploit the protocol. The project quickly addressed the situation by pausing the protocol and assured users that most assets were safe.
UwU Lend acknowleges $20 million exploit. Source: UwU Lend on X Additionally, the team offered a $4 million white hat bounty for the return of the funds. The list of stolen assets included Wrapped Ethereum (wETH), Wrapped Bitcoin (wBTC), Curve DAO (CRV), Tether (USDT), Staked USDe (sUSDE), and others.
Blockchain security firm Beosin revealed that the attacker manipulated the price of USDe (USDE) by swapping it for other tokens through flash loans. Seemingly, this move lowered USDe and sUSDE’s price.
Following the price manipulation, the hacker deposited part of the tokens to UwU Lend and “lent more $sUSDe than expected,” driving USDe’s price higher. Similarly, the attacker deposited the sUSDE to the DeFi protocol and borrowed CRV.
On Wednesday, UwU Lend informed users that its team had identified the vulnerability. Per the post, it was a vulnerability unique to the sUSDE market oracle and had been resolved at the time of the report.
As a result, the protocol was unpaused, and the markets were slowly relaunched to return to their normal operations. The DeFi project also announced it would repay all its bad debt and that users’ funds had not been lost during the exploit, claiming that their funds “are safu at UwU Lend.”
Do You Get DéFì Vu? What seemed to be the end of the story turned out to be the first installment of a saga. On Thursday, reports of a second attack on UwU Lend appeared as the protocol carried out its reimbursement process.
According to the reports, the same attacker drained another $3.7 million from the DeFi protocol before converting the funds to ETH again. The affected pools included uDAI, uWETH, uLUSD, uFRAX, UCRVUSD, and uUSDT.
The crypto community expressed their concern about the second attack, with many questioning if their funds were indeed safe. Users started to joke that funds were not “safu” but were “with Sifu” instead.
Crypto community shares memes about the attack. Source: ZachXBT on X UwU Lend was founded by Michael Patryn, also known as Sifu. Patryn was the co-founder of the now-collapsed QuadrigaCX. As reported by Bitcoinist, Canadian authorities were pursuing an unexplained wealth order (UWO) against Sifu for his involvement in the exchange’s criminal activities.
The DeFi project has paused the protocol for the second time this week, and the situation is being investigated. However, online reports claim that the second exploit was caused by a vulnerability similar to the first attack.
MetaTrust Labs explained the hacker seemingly used 60 million uSUSDE obtained from Monday’s hack “as collateral to drain the pool.”
The news caused users to wonder whether the UwU Lend team was unaware of the tokens in the attacker’s wallet. Some also questioned why they didn’t stop supporting the sUSDE collateral.
At the time of writing, an official explanation for the second exploit has not been published.
ETH is trading at $3,447 on the three-day chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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A new Ethereum Research proposal is putting post-quantum wallet security back in focus, outlining a practical way to verify quantum-resistant signatures on the EVM without requiring a full protocol-level upgrade.
The proposal, published by Ethereum researcher nicocsgy, explores an EVM-optimized version of the SPHINCS+ stateless post-quantum signature scheme. The design aims to make quantum-resistant verification more practical for wallet use cases by adapting the scheme to Ethereum’s existing execution environment.
TL;DR An Ethereum Research proposal outlines a post-quantum signature verification approach for the EVM. The design is based on SPHINCS+ but optimized for Ethereum-style execution. The proposal uses KECCAK256 instead of SHAKE256 to better fit EVM costs. It could give wallets and smart accounts a practical migration path before quantum threats become urgent. Why Quantum Security Is Back In The Ethereum Conversation Quantum computing is not an immediate threat to Ethereum wallets today, but developers are already thinking about what a migration path could look like if cryptographic assumptions change.
Most blockchain wallets rely on public-key cryptography. If future quantum computers become powerful enough to break widely used signature systems, wallets and protocols will need alternative methods to prove ownership securely.
That does not mean Ethereum is facing a near-term crisis. It means the ecosystem needs credible upgrade paths before the risk becomes urgent.
The Ethereum Research proposal is interesting because it does not wait for a full base-layer redesign. Instead, it looks at whether post-quantum signature verification can be made practical inside the EVM itself.
How The SPHINCS-Based Design Works SPHINCS+ is a stateless post-quantum signature scheme standardized by NIST. The challenge is that post-quantum signatures can be large and expensive to verify on-chain, especially if the underlying design does not map neatly onto Ethereum’s cost model.
The proposal adapts the idea by replacing the standard SHAKE256 hash function with KECCAK256, which is native to the EVM. That matters because Ethereum already supports KECCAK256 efficiently, making it a more practical building block for on-chain verification.
The author also focuses the design around typical wallet behavior rather than trying to cover every theoretical use case. That trade-off is important. If the goal is to give users a realistic path to protect funds, the solution needs to be affordable enough to use, not just academically sound.
The report estimates verification in the range of roughly 127,000 to 150,000 gas. That is still more expensive than a normal signature verification flow, but it is low enough to be discussed as practical for high-value wallet protection and smart account designs.
What This Could Mean For Wallets The most useful part of the proposal is the idea of an upgrade-free path. If smart accounts or wallet contracts can verify post-quantum signatures at the application layer, users may not need to wait for Ethereum itself to change its signature system.
That could matter for long-term holders, custodians, and institutions. These users are less concerned with making every transaction as cheap as possible and more concerned with making sure large balances can be protected across long time horizons.
A practical route could involve smart accounts that support quantum-resistant recovery, migration, or spending conditions. Users could move funds into wallets that are harder to attack under future cryptographic assumptions while the broader Ethereum protocol continues to evolve.
Still Early, But Worth Watching This is still research, not a finished wallet standard. There are trade-offs around signature size, gas cost, implementation complexity, and user experience. Any production version would need serious review before large balances depended on it.
Even so, the direction is important. Crypto security cannot wait until quantum computers are powerful enough to create an emergency. The safer path is to test practical migration tools early, while there is still time to evaluate them calmly.
For Ethereum, post-quantum readiness will likely be a gradual process. Proposals like this show how the first steps may happen at the wallet and smart account layer rather than through one dramatic network-wide switch.
Glamsterdam has reached its final devnet stage, locking in ten EIPs including ePBS and Block-Level Access Lists. The bundle clears the path for a 200 million gas-limit floor and mainnet activation in H2 2026.
Ethereum's Glamsterdam hard fork reached its final devnet stage Tuesday, locking in the EIP bundle that core developers expect to carry the network through public testnets and on to mainnet activation in the second half of 2026. The release is being framed as the largest protocol change since the Merge.
The upgrade ships ten Ethereum Improvement Proposals tracked under the Glamsterdam Meta EIP-7773, with two headliners doing the structural heavy lifting: EIP-7732, which enshrines Proposer-Builder Separation (ePBS) directly in the protocol, and EIP-7928, which introduces Block-Level Access (BALs) Lists so validators can process unrelated transactions in parallel.
The combination clears the path for a 200 million gas-limit floor, roughly tripling current L1 capacity from the 60 million range and unlocking what proponents say is up to 10,000 TPS-equivalent throughput under realistic workloads.
The Full EIP BundleThe devnet-0 spec published by the EF's pandaops team lists the included proposals. Beyond ePBS and BALs, the package contains EIP-7708 (ETH transfers and burns emit a log), EIP-7778 (block gas accounting without refunds), EIP-7843 (a SLOTNUM opcode), EIP-7954 (raising the maximum contract size from roughly 24 KiB to 32 KiB), EIP-7975 (eth/70 partial block receipt lists), EIP-8024 (backward-compatible SWAPN, DUPN and EXCHANGE opcodes), EIP-8037 (state-creation gas-cost increase), and EIP-8159 (eth/71 Block Access List Exchange).
The bundle resolves a debate that ran through several All Core Devs calls this spring over whether ePBS and BALs were too ambitious to ship together. The May 2026 finalization of EIP-8037, which sets a fixed cost per state byte and dedicates a separate gas reservoir for state growth, was the final piece that gave client teams a sustainability ceiling under which a 200M gas limit could be raised without bloating the database past 120 GiB per year.
The Two HeadlinersePBS pulls block-building duties into the consensus layer, separating the validator that proposes a block from the builder that constructs the execution payload. The handoff is currently mediated by off-protocol relays like MEV-Boost, which the ethereum.org documentation notes will become optional rather than required once the protocol natively settles builder payments. The change also widens the data-propagation window from two seconds to roughly nine, which is what unlocks the higher gas limit without forcing validators to rush block validation.
Block-Level Access Lists give every block an upfront map of which accounts and storage slots its transactions will touch, plus the post-execution state values. That lets nodes prefetch data in parallel and process non-overlapping transactions concurrently, rather than replaying them serially. BALs also enable executionless sync, where new nodes can update their state from the access-list digest without replaying the full transaction history. The projected throughput gains were laid out in earlier coverage of the framework when the design first crystallized.
Changes for UsersFor end users, the most visible change is EIP-2780, which cuts the intrinsic transaction-gas floor and is projected to make standard ETH transfers between existing accounts up to 71% cheaper. EIP-7708 also makes ETH transfers emit a log, which exchanges and wallets have wanted for years because it removes the need for custom transaction tracing.
For validators, ePBS rewrites the builder-selection process and adds a Payload Timeliness Committee that attests separately to consensus blocks and execution-payload timeliness. Staking pools will need architectural updates to monitor the new flow trustlessly, but the user-facing exit process improves through EIP-8080, which lets standard exits borrow unused capacity in the consolidation queue at a three-for-two rate.
For Layer 2s, the wider propagation window means Ethereum can carry more blobs per block, expanding the data-availability budget that rollups draw from. That continues the Fusaka direction of decoupling rollup data costs from L1 execution congestion, alongside parallel research tracks like the post-quantum key registry laid out earlier this month.
No Mainnet DateA mainnet target slot is not on the table yet. Client teams use the public testnet phase, which follows successful devnet rotation, to set the activation date. Holesky and Hoodi will fork before mainnet, and only after multi-client stability holds for several epochs across those networks.
Past forks have run two to four months of public-testnet seasoning; on that cadence, mainnet would land between September and December 2026.
The 200 million gas limit is the design target for what Glamsterdam unblocks, not a value the fork itself enforces. Validators set the limit via standard gas-vote signaling, which they currently coordinate around the 60 million range, and would step the limit up only as nodes prove they can handle the larger blocks without degraded propagation.
Ethereum Glamsterdam Upgrade Moves Toward 200M Gas Limit Roadmap
TL;DR Ethereum’s Glamsterdam upgrade work is moving through devnet planning ahead of a projected H2 2026 mainnet window. EIP-7732, or enshrined proposer-builder separation, is one of the key pieces being tracked by developers. EIP-7928, covering block-level access lists, is another major component tied to parallel execution and higher throughput. The headline target is a path toward a much higher gas limit, but the exact mainnet package remains subject to Ethereum’s normal testing and governance process. Glamsterdam Moves Into Focus Ethereum’s next major upgrade cycle is now turning toward Glamsterdam, a protocol package expected to define the network’s post-Pectra scaling and block-production roadmap. The upgrade is being watched closely because it touches two of Ethereum’s biggest long-running constraints: who builds blocks, and how much execution capacity the base layer can safely support.
Developer materials and EIP discussions point to enshrined proposer-builder separation and block-level access lists as two of the most important items in the Glamsterdam conversation. Together, they help frame a longer-term path toward higher throughput without simply asking every node operator to absorb more load without structural changes.
What ePBS Tries To Fix EIP-7732, commonly described as enshrined proposer-builder separation, would move part of the current external block-building market into Ethereum’s protocol design. Today, block construction often depends on external relay infrastructure and specialized actors. That system has helped the network manage maximum extractable value, but it has also raised concerns about centralization and censorship pressure.
By bringing proposer-builder separation closer to the protocol layer, Ethereum developers are trying to reduce reliance on off-protocol arrangements and create a cleaner separation between validators proposing blocks and builders assembling them. It is a technical change, but it also speaks directly to Ethereum’s decentralization goals.
Why Block-Level Access Lists Matter EIP-7928, covering block-level access lists, is aimed at making execution more predictable by identifying state access patterns at the block level. In plain English, validators and clients could get better information about what a block needs to touch before processing it. That matters because parallel execution is difficult when the system does not know which transactions are likely to conflict.
If block-level access lists work as intended, they could help Ethereum process more activity without turning every block into a heavier, less predictable burden for nodes. That is why the proposal is often discussed alongside higher gas-limit targets and broader L1 scaling.
A 200M Gas Limit Is The Big Headline The most attention-grabbing part of the Glamsterdam narrative is the potential path toward a 200 million gas limit. That would be a major increase from today’s base-layer capacity and would represent a very different Ethereum L1 if it can be achieved safely. But the wording matters: this is a roadmap and testing target, not a guarantee that every detail is locked for mainnet exactly as discussed in current devnet materials.
Ethereum upgrades usually move through a long process of specification, client implementation, devnets, testnets and final coordination. That process is slow by design. Glamsterdam is important because it shows the network is still trying to scale the base layer itself, not only pushing activity to rollups. The risk is that aggressive capacity increases without careful client and node work could weaken the decentralization properties Ethereum is trying to protect.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum gas fees rank among the most discussed aspects of the network, yet users often misunderstand them. Network demand plays a major role, but several technical mechanisms work together to set the final cost of any transaction.
Gas fees exist because every action on Ethereum consumes computational resources. When a user sends ETH, swaps tokens on a decentralized exchange, mints an NFT, or interacts with a smart contract, validators must process and verify that activity. Gas fees compensate those validators for securing the network, and they deter spam and abuse.
Understanding what drives these costs means examining Ethereum’s fee structure, transaction complexity, block space demand, and the protocol upgrades of the past two years.
Ethereum’s Gas Model and the Base Fee Mechanism Gas measures the computational work required to execute an operation on Ethereum, and every transaction consumes a set amount depending on what it does. Since the EIP-1559 upgrade went live in August 2021, Ethereum has run a dual-fee system built on a base fee and a priority fee.
The protocol sets the base fee automatically, adjusting it according to network congestion, then burns it rather than paying it to validators. Burning the base fee removes ETH from circulation and makes fee estimation more predictable. The priority fee, or tip, goes directly to validators. Users raise this amount to encourage faster inclusion, especially when demand spikes.
The network calculates the total fee as gas used multiplied by the sum of the base fee and the priority fee. As blocks fill up, the protocol raises the base fee, and when demand falls, it lowers the base fee. This automatic adjustment lets Ethereum respond to changing conditions without forcing users to guess the right amount.
Competition for Block Space Drives Most Fee Spikes Competition for limited block space remains the single largest influence on Ethereum gas fees. Each block currently targets around 30 million gas and can expand toward a 60 million gas limit, a ceiling validators raised in late 2025 and one they can lift further through signaling. Because that capacity stays finite, users compete for inclusion whenever activity surges.
Demand tends to spike during major market rallies, large token launches, NFT mints, memecoin speculation, DeFi liquidation cascades, and heavy decentralized exchange trading. When thousands of users submit transactions at once, validators prioritize the ones offering higher fees. That bidding war pushes both priority fees and base fees upward.
A simple ETH transfer stays cheap during quiet periods, yet the same transfer can cost far more during intense activity as users raise their tips to jump the queue. Fees climb sharply even when the transaction type never changes.
Transaction Complexity Changes How Much Gas You Burn Ethereum transactions do not all consume the same amount of gas. A standard ETH transfer needs 21,000 gas units, one of the simplest operations on the network, while smart contract interactions demand far more computational work. Token swaps, lending and borrowing, yield farming, NFT minting, governance voting, and cross-chain bridge interactions all fall into the heavier category.
Every smart contract holds code that Ethereum Virtual Machine nodes must execute, and each instruction carries a predefined gas cost. A transaction that touches multiple contracts can trigger many calculations, storage updates, and state changes, and the more operations involved, the more gas it consumes. Two transactions sent at the same moment can therefore cost very different amounts. Even at an identical gas price, the transaction that burns more gas units carries the higher total fee, so application complexity often matters as much as congestion.
Layer 2 Activity, Blob Space, and Recent Scaling Upgrades Ethereum’s fee market has shifted as Layer 2 networks such as Arbitrum, Optimism, and Base have grown. These networks process transactions off-chain, then publish compressed data back to Ethereum, which turned them into major consumers of block space. The Dencun upgrade changed that dynamic in March 2024. It introduced proto-danksharding through EIP-4844 and created a new storage mechanism called blobs, a dedicated market for Layer 2 data that sits separate from execution gas. Blobs let rollups post data far more cheaply and pushed fees down across the scaling ecosystem.
Two further upgrades extended the trend. Pectra arrived in May 2025, doubling blob capacity and raising the gas limit. Fusaka followed in December 2025, introducing PeerDAS through EIP-7594 so validators verify blob data by sampling small portions rather than downloading every blob. Fusaka also lifted the gas limit toward 60 million and added blob-parameter-only forks that keep raising blob capacity without a full hard fork. These changes cut Layer 2 costs again, though blob demand still fluctuates, and competition for blob space may grow into a larger force in Ethereum’s fee economy as rollup activity climbs.
Conclusion A mix of factors sets Ethereum gas fees rather than any single variable. The base fee mechanism tracks congestion, priority fees let users accelerate inclusion, competition for block space drives the sharpest spikes, and transaction complexity decides how much gas each operation burns. EIP-1559, Dencun, Pectra, and Fusaka have made the fee market more efficient and predictable, while Layer 2 networks continue to lower costs for everyday users.
Frequently Asked Questions (FAQs) Why are Ethereum gas fees so high sometimes?
When many users compete for limited block space during rallies, token launches, or NFT mints, they bid up priority fees, and the protocol raises the base fee in response.
What is the difference between the base fee and the priority fee?
The base fee is a mandatory, protocol-set amount that Ethereum burns, while the priority fee is an optional tip paid directly to validators to speed up inclusion.
Why does an ETH transfer cost less than a token swap?
A transfer uses 21,000 gas, but a swap executes more smart contract code, consuming more gas and producing a higher total fee.
Did the Dencun and Fusaka upgrades lower gas fees?
They mainly reduced Layer 2 costs by creating and expanding blob space, while base-layer Ethereum fees still depend on execution demand.
Can I avoid high gas fees?
Transacting during quieter periods, moving activity onto Layer 2 networks, or setting a lower priority fee when speed is not urgent all reduce costs.
Automata Network is a decentralized service protocol that provides middleware-like privacy services for dApps on Ethereum $1,623 and Polkadot, enabling users to achieve privacy, high certainty, and seamless computation.
What is Automata (ATA)?Automata Network was founded by industry professionals and researchers with experience from Zilliqa, LongHash, and the National University of Singapore. Established in 2019, Automata Network received a Web3 Grant (2020) and participated in Web 3.0 Bootcamp (2020), Berkeley Blockchain Xcelerator (2021), and presented at Polkadot Decoding Mainstage (2021). Its investors include KR1, Alameda Research, IOSG Ventures, Divergence Capital, Genesis Block Ventures, and Jump Trading.
Automata Network acts as a decentralized service protocol that provides a privacy middleware layer for decentralized applications (dApps) running on various blockchains. It enables multiple privacy use cases, such as Anonymous Voting and Miner Extractable Value (MEV) reduction, using the latest cryptography, privacy-preserving techniques, and trusted execution environments.
Conveyor, an MEV method developed by Automata Network, aims to create a front-running free zone by taking transactions in a predetermined order and outputting them accordingly.
Proposals, platform upgrades, and network settings can all be created and voted on by ATA token holders. Miners, computation, and storage miners earn ATA tokens by running applications and processing transactions for network users. Additionally, users pay miners with ATA tokens for tasks like data storage and computation.
The platform’s storage solution, Witness, currently supported by Plasm, Clover Finance, Crust, Bounce Finance, MathWallet, and Celer Network, was launched in April 2021.
Where to Buy ATA Coin?Automata Coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. Automata Coin is available on Binance under the pairs ATA/BTC, ATA/USDT, ATA/BNB, and ATA/BUSD.
To purchase ATA, first register on the Binance exchange. After completing registration, transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is complete, you can purchase ATA Coin from any of the three pairs listed above. For purchasing with the ATA/USDT trading pair, go to this pair’s interface. In the interface, enter the desired amount in the limit section, and then confirm the purchase by placing a Buy ATA order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
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Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
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Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
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US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 minutes ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 minutes ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
