For years, meme coins dominated crypto’s speculative landscape. Tokens like Dogecoin and PEPE showed that community enthusiasm alone could create billions in market value.
But the market is evolving.
A growing number of investors are shifting attention toward AI agent projects that do more than depend on social momentum. These platforms combine community engagement with automation, real utility, and autonomous systems that actively participate in blockchain ecosystems.
As this trend accelerates, projects like MemeToro ($MT) are emerging at the center of the transition.
The Problem With Traditional Meme Coins Meme coins were built on attention.
Their value often depended on viral marketing, social media trends, celebrity mentions, and community enthusiasm. When momentum was strong, prices could rise rapidly. When attention faded, many projects struggled to maintain relevance.
This created a recurring cycle.
Communities would form around a narrative, liquidity would arrive, speculation would increase, and eventually attention would move elsewhere. In many cases, the token itself offered little functionality beyond ownership and trading.
Investors are becoming more aware of this limitation.
As crypto matures, many participants want ecosystems that provide ongoing activity rather than relying entirely on market sentiment.
That shift is helping create demand for AI-powered alternatives.
AI Agents Bring Utility to the Meme Economy The biggest difference between traditional meme coins and AI agent projects is functionality.
Modern AI ecosystems are not built around static tokens. They are built around autonomous software systems capable of performing tasks, processing information, and interacting with users continuously.
These agents operate around the clock. They can analyze social sentiment, monitor blockchain activity, track emerging narratives, and identify market opportunities without requiring constant human involvement.
This creates a fundamentally different model.
Instead of relying exclusively on speculation, AI-powered ecosystems generate engagement through active participation and continuous execution. Many investors view this as the next evolution of crypto communities.
Why AI Agents Are Attracting Capital The migration toward AI projects is not happening by accident.
Investors are increasingly searching for ecosystems capable of combining cultural relevance with practical utility. AI agents help bridge that gap by introducing functionality into sectors that were previously driven primarily by attention.
These systems can perform tasks that traditional meme coins cannot.
They can monitor market trends, identify changes in sentiment, analyze on-chain activity, and interact with users in real time. Some platforms are even developing agents capable of helping automate trading decisions and community growth initiatives.
This creates a stronger participation model.
Users engage with a platform because of what it does, not simply because of what it represents.
That distinction is becoming increasingly important throughout crypto markets.
What MemeToro Brings to the AI Agent Movement MemeToro is a SocialFi ecosystem built on BNB Chain that combines meme culture with autonomous AI functionality.
At the center of the platform sits the MemeToro AI Agent, designed to monitor real-time social trends, cultural developments, market narratives, and global news events. The objective is to identify emerging opportunities before they become widely recognized across crypto markets.
The platform then turns those insights into ecosystem activity.
Users can create and trade memecoins through an automated no-code deployment system. Every bonded memecoin automatically lists on PancakeSwap and is supported by BNB liquidity infrastructure.
This removes many of the traditional barriers that prevent non-technical users from participating in token creation.
The MemeToro Ecosystem Goes Beyond Token Creation The native $MT token powers a broader ecosystem designed around active engagement.
Users gain access to a centralized crypto news portal that helps track emerging market narratives. The platform also includes staking functionality, allowing participants to earn rewards while supporting ecosystem liquidity.
Another major component is the prediction market infrastructure.
Users can utilize both $MT and BNB within peer-to-peer forecasting markets that allow participants to monetize insights on crypto trends, major events, and broader narratives.
The ecosystem creates multiple participation layers.
Instead of simply holding a token and hoping for appreciation, users can actively engage across several products inside the platform.
Stage 2 Continues Momentum as MemeToro Crosses $71K Raised MemeToro’s Stage 2 presale is live with $71,000 already raised toward the $78,590.46 round target. The current $MT entry price is $0.00139, and the next price tier moves up to $0.00154 once Stage 2 closes. Buyers entering now lock in the lower rate before the step-up kicks in.
Payment options keep things flexible. Crypto buyers can transact directly through their wallets, while card payments work through Visa, Mastercard, Apple Pay, and Google Pay. That dual structure makes the presale accessible to crypto natives and newcomers, both of whom benefit from the same entry pricing.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets.
Cryptocurrency mining profitability remains under pressure across major proof-of-work networks, according to new data shared by Alphractal, which shows the sector is experiencing stagnation and reduced returns.
The analytics platform said that while miners continue to play an important role in maintaining network security and decentralization, the data suggests that profitability remains difficult across major proof-of-work networks.
Growing Pressure on Miners Alphractal’s Mining Equilibrium Index compares miners’ average revenue per hash over 30 days against the 365-day average. Readings above 1.0 signal above-average profitability, while values below 0.5 point to stressed conditions for miners.
Among the four largest proof-of-work assets tracked by the index, Bitcoin posted the highest reading at 0.75, which makes it the strongest performer in terms of mining profitability.
Bitcoin Cash (BCH) followed at 0.66, which suggests relatively better conditions than the rest of the group. The OG meme coin, Dogecoin (DOGE), registered a score of 0.60, as mining profitability declined significantly over the years. Litecoin (LTC), on the other hand, recorded the lowest reading at 0.58, making it the weakest performer among the four assets.
However, Bitcoin’s position at the top of the list does not necessarily point to favorable conditions for miners. As recently reported by CryptoPotato, Bitcoin mining difficulty fell by more than 10%, in one of the largest downward adjustments of the year, and demonstrated that fewer miners are participating in the network. At the same time, the Bitcoin hash rate has continued to decline.
The figure briefly dropped below 790 EH/s this month from record levels above 1.2 ZH/s reached last year.
You may also like: Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control Analyst Warns: Strategy Will Have to Sell Over 50,000 BTC by 2028 Alphractal also acknowledged that the current environment has made crypto mining increasingly dependent on access to capital, operational efficiency, and patience.
BTC Sales By Mining Companies Several publicly listed Bitcoin miners have been selling their BTC holdings at the fastest pace since the previous crypto bear market. Back in April, The Energy Mag published a report that revealed that major mining companies such as MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer collectively sold more than 32,000 BTC during the first quarter of 2026.
The amount of Bitcoin sold surpassed the combined net sales recorded throughout all four quarters of 2025. The figure also set a new industry record as it exceeded the roughly 20,000 BTC liquidated by public miners during the second quarter of 2022, when the market was shaken by the collapse of the Terra-Luna ecosystem.
In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump's reelection. Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoin’s price to its lowest point in 21 months.
The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko. The performance echoed signs of pressure on Wall Street and put Bitcoin on track for its third straight daily decline.
As the original cryptocurrency plunged, so too did various altcoins, with Ethereum showing a 3.1% decline to $1,610. XRP and Solana also wavered, falling 3.1% to $1.07 and 2.6% to $67, respectively. Dogecoin dropped 4.6% to 7.5 cents over the same period.
For XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump’s 2024 reelection win. For Dogecoin, the fall earlier Wednesday thrust the first meme coin to its lowest levels since late 2023.
“Days like today are undoubtedly painful,” Juan Leon, senior investment strategist at crypto asset manager Bitwise, told Decrypt. “But step back. We’ve seen this movie before.”
Leon noted that pronounced drawdowns in crypto prices have felt thesis-breaking in the moment, but the technology continues to be adopted as a modern form of market plumbing.
He said that a risk-off move hitting AI and semiconductor stocks was affecting a market for digital assets that’s already depressed, adding, “This bear market shall pass, and crypto will come out stronger on the other side.”
The weakness preceded a refresh of the Federal Reserve’s preferred inflation measure, with economists anticipating the Personal Consumption Expenditures index to show a 4.1% annual increase in consumer prices on Thursday, accelerating for a third consecutive month.
Following hawkish remarks from Fed Chair Kevin Warsh a week ago, analysts say investors are digesting expectations of tighter monetary policy, which typically weighs on risk assets. The Fed was projected to raise rates at its meeting in September, per CME Watch.
Amid lackluster price action, it appears some traders have grown less engaged, according to a note shared by Jasper De Maere, an OTC trader at crypto trading firm Wintermute.
“Flows are suggesting traders have started going into summer recess,” he wrote. “It’s possible we’ll consolidate at these levels, at the mercy of the equity market which has the potential to pull crypto down alongside it in case of a further risk-off rotation.”
Although a 0.4% decline in the Nasdaq was led by Micron Technology before the firm announced earnings, the chipmaker’s losses were outpaced by crypto-native firms.
Bitcoin treasury giant Strategy plunged 9% to $94.43 after bouncing off a 27-month low of $92.28, a move that intensified scrutiny on its flagship preferred stock, Stretch (STRC), which notched new lows Wednesday following a record drop last Thursday. Coinbase’s stock price fell 5% to $150.11, while Robinhood shares slid 5.8% to $97.21 apiece.
BitMine, the largest corporate holder of Ethereum, saw shares plunge 7.4% to $14.01, hitting their lowest level since the firm dedicated itself to accumulating the digital asset a year ago. (Disclosure: BitMine Chairman Tom Lee is an investor in Dastan, Decrypt’s parent company.)
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In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump's reelection. Investors continued to dump digital assets on Wednesday, aggravating a sell-off that pushed Bitcoin’s price to its lowest point in 21 months.
The leading digital asset by market cap fell as low as $59,2175 before firming to $60,700, a 2.7% decrease over the past 24 hours, according to CoinGecko. The performance echoed signs of pressure on Wall Street and put Bitcoin on track for its third straight daily decline.
As the original cryptocurrency plunged, so too did various altcoins, with Ethereum showing a 3.1% decline to $1,610. XRP and Solana also wavered, falling 3.1% to $1.07 and 2.6% to $67, respectively. Dogecoin dropped 4.6% to 7.5 cents over the same period.
For XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump’s 2024 reelection win. For Dogecoin, the fall earlier Wednesday thrust the first meme coin to its lowest levels since late 2023.
“Days like today are undoubtedly painful,” Juan Leon, senior investment strategist at crypto asset manager Bitwise, told Decrypt. “But step back. We’ve seen this movie before.”
Leon noted that pronounced drawdowns in crypto prices have felt thesis-breaking in the moment, but the technology continues to be adopted as a modern form of market plumbing.
He said that a risk-off move hitting AI and semiconductor stocks was affecting a market for digital assets that’s already depressed, adding, “This bear market shall pass, and crypto will come out stronger on the other side.”
The weakness preceded a refresh of the Federal Reserve’s preferred inflation measure, with economists anticipating the Personal Consumption Expenditures index to show a 4.1% annual increase in consumer prices on Thursday, accelerating for a third consecutive month.
Following hawkish remarks from Fed Chair Kevin Warsh a week ago, analysts say investors are digesting expectations of tighter monetary policy, which typically weighs on risk assets. The Fed was projected to raise rates at its meeting in September, per CME Watch.
Amid lackluster price action, it appears some traders have grown less engaged, according to a note shared by Jasper De Maere, an OTC trader at crypto trading firm Wintermute.
“Flows are suggesting traders have started going into summer recess,” he wrote. “It’s possible we’ll consolidate at these levels, at the mercy of the equity market which has the potential to pull crypto down alongside it in case of a further risk-off rotation.”
Although a 0.4% decline in the Nasdaq was led by Micron Technology before the firm announced earnings, the chipmaker’s losses were outpaced by crypto-native firms.
Bitcoin treasury giant Strategy plunged 9% to $94.43 after bouncing off a 27-month low of $92.28, a move that intensified scrutiny on its flagship preferred stock, Stretch (STRC), which notched new lows Wednesday following a record drop last Thursday. Coinbase’s stock price fell 5% to $150.11, while Robinhood shares slid 5.8% to $97.21 apiece.
BitMine, the largest corporate holder of Ethereum, saw shares plunge 7.4% to $14.01, hitting their lowest level since the firm dedicated itself to accumulating the digital asset a year ago. (Disclosure: BitMine Chairman Tom Lee is an investor in Dastan, Decrypt’s parent company.)
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Bitcoin dropped below $60,000 on Wednesday before a slight recovery amid a sell-off in semiconductor shares.
Notable Statistics:
Coinglass data shows 107,733 traders were liquidated in the past 24 hours for $433.38 million. SoSoValue data shows net outflows of $113.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $82.4 million. In the past 24 hours, top losers include Audiera, Venice Token and Pump.fun. Notable Developments:
Trader Notes:
Crypto trader Altcoin Sherpa remains uncertain about Bitcoin’s next move but warns that losing the current support level could open the door to a decline toward $54,000.
Trader KillaXBT admits the bullish thesis may be failing but notes that market bottoms are typically marked by volatile, liquidity-hunting price action that shakes out traders. He suggests focusing on long-term Bitcoin accumulation and ignoring short-term noise.
Technically, $59,000 remains the key level. A break below that wick low would require a strong reclaim to restore a bullish outlook.
CoinBureau founder Nic Puckrin warns that Bitcoin is losing a major technical support zone after falling below its 200-week SMA and nearing the $60,000 level.
A weekly close below this area could signal further weakness and open the door to a decline toward $57,900, marking it to be a new cycle low.
Image: Shutterstock
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Kalshi is reportedly revisiting a new capital raise that would value the company at some $40 billion. This move hinges on the swift growth of the regulated event-contract trading space in the United States.
Kalshi Looks To Raise Funds At $40 Billion Valuation The New York-based company is in talks to raise additional funds from investors and may raise new money as soon as the third quarter of 2026, according to a Financial Times report. Negotiations are still underway, and the exact amount of the valuation or fundraising has not been made public.
The fundraising effort follows a huge investment round that had Kalshi valued at $22 billion with an investment of $1 billion just weeks ago. This valuation was an even larger jump from $11 billion that was reported in late 2025 and around $5 billion earlier this year. The latest reports come amid Kalshi debuting perpetual futures tied to Near, Zcash, Shiba Inu, and Dogecoin.
With the valuation of the company increasing, so has the interest of investors in it. The previous rounds saw investment from leading companies such as Sequoia Capital, Andreessen Horowitz, Coatue Management and Morgan Stanley.
However, Kalshi has yet to comment on the latest fundraising talks.
Surge In Trading Volume Despite Competition Since prediction markets have grown beyond the realm of politics, Kalshi has registered massive growth in user activity. Contests can be based on real-world outcomes like the performance of the economy, the weather, a sporting event or the financial markets.
Kalshi’s trading volume has skyrocketed since last year. The report quoted data indicating that the volume has hit above $17 billion per month. It marks a major increase from the figure of less than $5 billion a year ago. The platform’s primary business is sports betting and multi-event wagering is a growing preference among its users.
However, due to the growing market share, the company has also faced competition from existing financial market players due to its growth. For context, derivatives giant CME Group lost its bid to become the first U.S. exchange to launch crypto-related perpetual futures last month.
Thereafter, CME Group filed a lawsuit against the U.S. Commodity Futures Trading Commission over its approval of Kalshi’s products. At the time, the prediction market platform had launched Bitcoin, Ethereum, XRP, and Solana perps. The contracts are similar and are meant to compete with products that are already available in traditional futures markets, CME says.
For those looking for new crypto launches, visit our page on Crypto ICOs.
Leading cryptocurrencies retreated further on Wednesday as investors awaited the crucial inflation report for guidance on the direction of interest rate cuts.
Crypto Bloodbath ContinuesBitcoin fell below $60,000 for the first time since October 24, as trading volume popped 40% over the last 24 hours. The apex cryptocurrency is now down more than 51% from its record highs.
Ethereum fell to an intraday low of $1,550 before paring some of its losses overnight. XRP and Dogecoin also traded in the red.
Nearly $1 billion was liquidated from the cryptocurrency market in the last 24 hours, with $800 million in bullish long positions alone wiped out, according to Coinglass data
Bitcoin’s open interest rose 0.37 over the last 24 hours. An increase in open interest, alongside a drop in spot price, typically signals that new short sellers are entering the market, hoping for the decline to continue.
"Extreme Fear" sentiment intensified, returning to levels seen earlier this month, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.09 trillion, representing a 2.74% decline over the last 24 hours.
Stocks Fall AlongsideStocks extended their slide on Wednesday. The S&P 500 fell 0.10% to end at 7,358.22, while the tech-heavy Nasdaq Composite dipped 0.43% to settle at 25,476.6. The Dow Jones Industrial Average was the outlier, rallying 182.06 points, or 0.35%, to end at 51,848.90.
Investors will closely watch Thursday’s Personal Consumption Expenditures price index report, considered the Federal Reserve’s preferred measure of inflation, for guidance on the central bank’s interest rate policy.
The CME Group’s FedWatch tool showed markets pricing a 50% likelihood of the Fed increasing rates during the September meeting.
Why This Level Is A ‘Battleground’ For BTCRekt Capital, a widely followed cryptocurrency analyst and trader, warned that Bitcoin’s daily close below the red-shaded band, around $60,000, and a subsequent bearish retest could confirm further downside.
On-chain analytics firm CryptoQuant highlighted that Bitcoin’s drop below $60,000 triggered a “new wave of panic” among some investors, prompting them to move their BTC back to exchanges, representing “persistent” short-term selling pressure.
“The $60,000 level has gradually become a genuine battleground, where the confrontation between weak hands and strong hands is at its most intense,” the firm added.
Photo: Sodel Vladyslav / Shutterstock
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What defines the top crypto picks 2025? For some investors, it’s the reliability of a proven chain like Ethereum Classic ($ETC). For others, it’s the speed and scalability promised by platforms such as Avalanche ($AVAX). Builders may look to Chainlink ($LINK) for its oracle dominance, while visionaries inspired by decentralization and inclusivity might gravitate toward World Liberty Financial ($WLF). Each of these projects has strengths, communities, and market niches, but the one commanding the loudest attention right now is BlockchainFX ($BFX).
Unlike the others, BlockchainFX isn’t just carving out a niche; it’s attempting to rewrite the playbook entirely. As the first true crypto trading super app, it bridges DeFi and TradFi by providing seamless access to over 500 assets in one place. Already raising $7.24M+ from over 9,000 participants, the BlockchainFX presale is nearing completion, with early investors securing tokens at $0.023 before the price doubles to $0.05 at launch. Alongside established names like Ethereum Classic, Avalanche, Chainlink, and ambitious newcomers like World Liberty Financial, BlockchainFX stands out not just as a token but as a trading ecosystem designed to unify the markets.
1. BlockchainFX ($BFX): The First True Crypto Trading Super App Table of Contents
1. BlockchainFX ($BFX): The First True Crypto Trading Super AppFirst True Crypto Trading Super App – Trade 500+ Assets Seamlessly2. Ethereum Classic ($ETC): The Original Ethereum Chain That Preserves Immutability3. Avalanche ($AVAX): High-Speed Layer 1 Competing for DeFi and Enterprise Adoption4. Chainlink ($LINK): The Oracle Powering Smart Contracts With Real-World Data5. World Liberty Financial ($WLF): A Newcomer Aiming for Global Financial InclusivityTop Crypto Picks 2025 SummarisedFind Out More Information Here:Frequently Asked QuestionsCan BlockchainFX replace multiple trading apps?How do BlockchainFX staking rewards compare to DeFi protocols?What makes the BlockchainFX Visa card unique?What happens after the presale ends?Why do some believe BFX could reach $1? BlockchainFX is positioning itself as the world’s first crypto-native super app that merges DeFi and TradFi. It enables users to trade 500+ assets across crypto, stocks, ETFs, forex, commodities, futures, options, and bonds, all through a single, seamless interface. For investors, this isn’t just convenience; it’s a structural transformation. Instead of spreading capital across several platforms, users can act instantly when opportunities arise in fast-moving global markets.
The platform also delivers rewards that matter. Up to 70% of trading fees are redistributed daily to the community in both BFX and USDT, creating a steady stream of passive income. Unlike traditional staking programs that only return native tokens, BlockchainFX adds stability by paying in USDT alongside BFX. Accessibility is another cornerstone: the presale accepts ETH, BTC, BNB, SOL, USDT, and more, ensuring that investors across regions can easily participate.
Beyond trading, BlockchainFX emphasizes real-world adoption. Its upcoming global VISA card will allow users to spend rewards and tokens at millions of merchants worldwide. Presale buyers also receive Advanced NFT rewards, boosting the value of early participation. With $7.24M raised from 9,000+ participants, BlockchainFX has already proven strong demand and community confidence.
First True Crypto Trading Super App – Trade 500+ Assets Seamlessly One of BlockchainFX’s most powerful features is its ability to enable instant swaps across asset classes. Imagine selling meme coins during market turbulence, reallocating into gold or oil, and diversifying into ETFs, all in seconds, without leaving the platform. For active traders, this eliminates costly inefficiencies; for long-term investors, it ensures that portfolios remain optimized in real-time.
And the upside potential is striking. With a presale entry at $0.023 and a mapped launch price of $0.05, early buyers already secure a 117% return at listing. But the story doesn’t end there. Analysts and community sentiment suggest that $1 could be reached in the near term, representing more than a 40x opportunity from current presale pricing. Add the BLOCK30 bonus code, which gives investors 30% more tokens, and BlockchainFX cements itself as the most compelling option among the top crypto picks 2025.
2. Ethereum Classic ($ETC): The Original Ethereum Chain That Preserves Immutability Ethereum Classic holds its place as the original Ethereum blockchain, committed to the principle of immutability. It continues to support smart contracts and decentralized applications, appealing to developers and investors who prefer a consistent, unaltered framework. ETC benefits from its legacy and proof-of-work security, giving it a stable presence in the market.
However, Ethereum Classic’s adoption lags behind Ethereum itself. Developer activity is lower, and its ecosystem has not grown at the same pace as newer competitors. Still, ETC serves as a lower-cost alternative and a symbolic reminder of blockchain’s early ideals, which gives it a dedicated, if niche, community of supporters.
3. Avalanche ($AVAX): High-Speed Layer 1 Competing for DeFi and Enterprise Adoption Avalanche has earned attention for its speed and scalability. Its consensus mechanism enables near-instant finality with low transaction costs, making it highly attractive for DeFi platforms, NFT marketplaces, and enterprise applications. The network’s interoperability with Ethereum through the Avalanche Bridge further enhances its appeal.
Yet Avalanche operates in a crowded field, competing directly with Solana, Cardano, and other Layer 1 networks. While AVAX has established a loyal user base, its long-term outlook depends on whether it can sustain momentum and attract developers at scale. For investors, Avalanche represents a strong technical play, though not one with the multi-market integration that defines BlockchainFX.
4. Chainlink ($LINK): The Oracle Powering Smart Contracts With Real-World Data Chainlink stands as the leading decentralized oracle network, delivering secure off-chain data to smart contracts. It underpins much of the DeFi ecosystem, providing reliable feeds for prices, weather, and other real-world inputs. Without Chainlink, many decentralized applications would lack the essential data needed to operate effectively.
As the adoption of smart contracts accelerates, Chainlink’s importance will only increase. Its dominance in the oracle space provides LINK with long-term staying power. However, it remains a specialized project rather than a full-spectrum trading solution. BlockchainFX, by contrast, goes beyond infrastructure to deliver direct financial rewards and multi-asset trading access.
5. World Liberty Financial ($WLF): A Newcomer Aiming for Global Financial Inclusivity World Liberty Financial is an ambitious new entrant focused on financial inclusivity. Its goal is to extend blockchain-based financial tools to underserved regions, lowering barriers to access and empowering communities. By promoting decentralization and equality, WLF appeals to investors who want exposure to projects with a social impact mission.
However, as a young project, WLF carries significant risk. Its ability to deliver depends on adoption, partnerships, and effective scaling beyond crypto-native audiences. While it has promise, it’s still in its early stages. For investors seeking immediate traction, BlockchainFX offers a clearer roadmap with proven presale results.
Top Crypto Picks 2025 Summarised Ethereum Classic, Avalanche, Chainlink, and World Liberty Financial each provide unique contributions to the crypto ecosystem. They represent blockchain’s diversity, immutability, scalability, oracle reliability, and inclusivity. For investors, each may fit a different portfolio strategy, depending on appetite for risk and vision for the future.
But when viewed side by side, BlockchainFX ($BFX) delivers the strongest case. With $7.24M raised from over 9,000 participants, it combines a powerful trading platform, daily staking rewards, NFT incentives, and Visa card integration. At a $0.023 presale price with a launch set at $0.05, and credible potential to climb toward $1, BFX provides investors with both near-term upside and long-term growth. It is not just one of the top crypto picks for 2025; it may become the standard by which others are measured.
Join the BlockchainFX presale today at just $0.023 per token before the price doubles at launch. Use code BLOCK30 to get 30% more tokens, available only for a limited time.
Find Out More Information Here: Website: https://blockchainfx.com/
X: https://x.com/BlockchainFX.com
Telegram Chat: https://t.me/blockchainfx_chat
Frequently Asked Questions Can BlockchainFX replace multiple trading apps? Yes. It allows users to trade 500+ assets across crypto, forex, stocks, commodities, and more, all in one place.
How do BlockchainFX staking rewards compare to DeFi protocols? BlockchainFX redistributes up to 70% of fees daily in BFX and USDT, combining stability with upside.
What makes the BlockchainFX Visa card unique? It links directly to the BlockchainFX ecosystem, enabling users to spend rewards and tokens at any location where Visa is accepted.
What happens after the presale ends? Tokens remain claimable, and the roadmap includes exchange listings, Visa rollout, and governance features.
Why do some believe BFX could reach $1? Because of its rapid presale adoption, unified cross-asset platform, and clear demand for integrated crypto-traditional finance trading.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Ethereum Classic (ETC) price trades in green above $20 at the time of writing on Friday, breaking above the falling wedge pattern, signalling a potential bullish move ahead. The positive move is further supported by rising trading volume, increasing bullish bets, and higher Open Interest (OI), which induces growing investor interest in ETC. Adding to this, the technical analysis suggests further gains if ETC confirms a successful breakout from the falling wedge pattern.
On-chain and derivatives data show bullish biasEthereum Classic ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) rose from 78.39 million on Saturday to 228.72 million on Friday, the highest volume since mid-September, according to Santiment data. This volume rise indicates a surge in traders’ interest and liquidity in the ETC chain, boosting its bullish outlook.
ETC trading volume chart. Source: Santiment
On the derivatives side, Futures’ Open Interest (OI) in Ethereum Classic at exchanges currently reads $70.22 million, as of Friday, and has been consistently rising since early October. Rising OI represents new or additional money entering the market and new buying, which could fuel the current ETC price rally.
CoinGlass’s ETC long-to-short ratio stands at 1.04 on Friday, the highest level over a month. This ratio, above one, reflects bullish sentiment in the markets, as more traders are betting on the asset price to rise.
ETC long-to-short ratio chart. Source: Coinglass
Ethereum Classic Price Forecast: ETC breaking above the falling wedge patternEthereum Classic price is breaking above the falling wedge pattern (drawn by joining multiple highs and lows since early August) on Friday, trading above $20. A successful breakout of this formation favors the bulls.
If ETC breaks above this pattern and closes above the 200-day Exponential Moving Average (EMA) at $20.03, could extend the rally toward the daily resistance level at $21.38. A successful close above the latter would extend gains toward the September 13 high of $22.52.
The Relative Strength Index (RSI) read 54 on the daily chart, moving above the neutral level of 50, indicating bullish momentum gaining traction. The Moving Average Convergence Divergence (MACD) indicators also showed a bullish crossover last week, which remains in effect, supporting the bullish view.
ETC/USDT daily chart
However, if ETC fails to break above the upper trendline boundary of the falling wedge pattern and corrects, it could extend the decline toward the September 25 low of $17.56.
In a report published last year, the well-known American magazine Forbes described 20 altcoins as zombies, including XRP, Cardano (ADA), Litecoin (LTC) and Ethereum Classic (ETC).
Forbes claimed that these altcoins failed to meet traditional metrics of success, exhibiting minimal utility and user adoption.
XRP and Ripple Experienced Major Changes! Ripple and XRP topped Forbes' list of “zombie blockchain” projects despite having billion-dollar valuations in early 2024. Forbes claimed that Ripple and XRP had little real-world use.
However, Forbes has undergone a major shift. At this point, Forbes has significantly shifted its stance on XRP and Ripple.
Forbes recently called Ripple's transformation a “$180 billion reinvention” driven by acquisitions, regulatory clarity, and growing institutional interest in XRP.
“Ripple, a blockchain payments company that hasn't really done much business for a long time, is finally on its way to a legitimate, multi-billion dollar crypto empire after escaping an SEC lawsuit,” the report said.
According to Forbes, Ripple has now become part of the rapidly growing digital asset treasury trend, as several top companies have recently announced treasury plans for XRP.
The most notable of these companies was Evernorth, which aims to raise more than $1 billion in funding.
Forbes also noted that XRP has gained 366% in value over the past year, bringing its market capitalization to over $150 billion. It also noted that the renewed demand for XRP isn't solely due to speculation.
Forbes attributed the transformation of XRP and Ripple to regulatory clarity, institutional adoption, and a $125 million SEC settlement. It also described Ripple as a consolidated financial services conglomerate, rather than a struggling payment token issuer.
*This is not investment advice.
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Ethereum Classic (CRYPTO: ETC) is falling Tuesday afternoon, swept up in a market-wide crypto correction. Here’s what investors need to know.
$ETC is sinking Tuesday. See the full story here. The crypto-specific catalyst was Bitcoin (CRYPTO: BTC) sinking over 5% to $101,000, triggering a cascade of over $1 billion in liquidations. This directly impacted Ethereum (CRYPTO: ETH), which fell around 6% Tuesday afternoon following a near 8% drop Monday.
Ethereum Classic's decline is directly tied to this. As the original 2016 hard fork of Ethereum, Ethereum Classic’s price is highly correlated with it. When the market-leading Ethereum faces massive liquidations, the selling pressure and panic cascade to related, smaller-cap assets such as Ethereum Classic, which investors deem a riskier, higher-beta play on the same ecosystem.
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Ethereum Classic (ETC) has been volatile for a cryptocurrency based on immutable ledger history. Ali Martinez recently issued a modest long-term projection for ETC, predicting that the asset may go up to $5. ETC, currently trading in the mid-teens, is under significant scrutiny due to this prediction. Technical signs and the project’s fundamentals reveal the difficult truth behind this unfavorable projection.
Reality of the Technical Downtrend Martinez’s forecast, which is often based on cyclical analysis and historical data, calls for ETC to be trapped in a multi-year bearish move. Based on an accompanying chart analysis, the $5 mark is not an arbitrary figure, but a crucial misunderstanding of good firm, long-term support levels going back several cycles. The predicted move indicates that ETC’s relief rallies have flatly failed to form higher highs, which is characteristic of a deepening bear market structure
This is a very technical outlook, implying that the path of least resistance to ETC is down due to persistent selling pressure and a lack of new capital inflows to break out of its long-term resistance. If key support levels for the psychological support of the currency, such as those recently tested, fail, then a snowball effect could be quite rapid and cause the decline to reach the $5 target. For traders, this level is a massive historical opportunity zone, but to current holders it is a lengthy, prolonged period of repression.
Proof of Work and Essential Fundamentals Ethereum classic’s original position as the legacy proof of Work (PoW) smart contract platform is both its trademark and its failure. Following the successful ‘Merge’ by Ethereum to Proof-of-Stake (PoS), ETC became the residence of the PoW miners and purists who support the ‘Code Is Law’ philosophy. This conviction offers an intrinsic value, yet it has a difficult time competing with the ecosystem innovation visible on PoS chains.
ETC’s network and ecosystem growth is far behind its competitors. GaFin’s relationship with Undead Blocks to improve Web3 gaming via integrated rewards network shows how Web3 is quickly going into gaming and real-world assets. ETC does not produce engagement of developers and dApp deployments. The coin has a supply cap (210.7 million coins) and the reward will drop periodically in the blocks, but the coin lacks value except for speculative trading and PoW mining’s contribution to the coin; this causes it to be more sensitive to unfavorable market cycles.
Understanding the Broader Crypto Market Weakness The prevailing macro environment is the key element driving a significant drop in prices. The crypto market has been reliant on massive corrections all year. As of mid-November 2025, a large selloff of cryptocurrencies has caused more than $1 trillion to be wiped off the global market cap with Bitcoin and Ethereum continuing their sharp losses in the face of “extreme fear” sentiment.
Altcoins with limited utility or institutional support have the highest likelihood of falling during risk aversion. ETC is prone to market contagion due to its market structure and lack of liquidity compared to top-tier assets. As recently reported on the huge market losses this month, as investors rush to stable assets or run from loss, smaller cap tokens such as ETC face capitulation selling and a sub $10 price goal appear to be alarmingly realistic.
Conclusion The movement is unable to believe that Ethereum Classic will reach $5 again, but it is not hyperbole. This anticipated prognosis is based on both technical limitations, but also the most fundamental issues of having a pure PoW legacy chain in a rapidly evolving and PoS-dominated world. Long-term believers may consider $5 to be the holy grail of accumulation, but the journey to $5 is a difficult and painful one. Technical indicators are pointing to the abysmal future for ETC: the historical price floor may get reached.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Cardano (ADA) is getting the “2020 blastoff” treatment again — at least if you ask Quantum Ascend, a technical analyst on X who says the chart is starting to rhyme with the setup that preceded ADA’s last major run.
In a Dec. 13 video shared on X, Quantum Ascend (@quantum_ascend) told followers he’s been working through a longer-term weekly count and thinks the market may be grinding toward the end of a drawn-out corrective structure. The punchline: a “conservative” target zone around $4.88–$5.50, and a “primary” bull-run target of $10.40.
“Cardano Mirroring 2020 Blastoff Moment,” his post read, before laying out the two tiers: “Conservative: $4.88-$5.50” and “Primary: $10.40.”
The Framework Behind The Cardano Price Prediction The framework he’s leaning on isn’t a clean five-wave impulse, he said. Instead, he framed it as something slower and messier — “more of like a large time-based macro correction here on the D-wave,” he said, describing what he believes is a triangle structure developing on the weekly chart.
Cardano price analysis | Source: X @quantum_ascend “We’re creating a triangle structure,” he said. “So I am going to be looking for the E-wave. That’s what ends up coming next.”
A big part of the argument is confluence. Quantum Ascend walked through multiple measurements and trendlines, pointing to price zones where different tools cluster. One reference point was a prior A-to-B drawdown range that, in his view, still hasn’t been fully “closed out,” with a key level “up there at the $5.50 mark.”
Then he zoomed out to the bigger structure, highlighting how an upper trendline from a C-to-D drawdown “converges with the 3.618 [Fibonacci extension] up here,” which he suggested adds weight to the $10 area. “So some confluence for that $10 area,” he said, pointing at the chart level he called out around $10.62.
He also reached for a relative-performance comparison — not to Ethereum itself, but to Ethereum Classic.
“I have another video from the past that compares Ethereum Classic to ADA,” he said. “And if it ends up doing a similar move to Ethereum Classic, that also puts us up into the $10 range.”
Still, the near-term “safe” target he kept circling back to was the $5 region. After walking through a more recent drawdown “going back to the top of the Trump pump to where we’re at now,” he said a “full extension gets us pretty close… around $4.88,” adding that the $5 zone shows “a lot of different signs of confluence.”
“For me, I’m going to say my conservative estimate for ADA is going to be that $5 range,” he said. Then he went straight to the headline number: “I think ADA gets up there around 10 bucks during this bull run.”
To make the comparison feel less abstract, Quantum Ascend argued the current chop looks structurally similar to a prior period before ADA’s last breakout — a fractal-style read. “You guys notice the similarities here?” he asked, describing how both moves get “stopped out a little bit above the 0.5,” roll over, then revisit the lower trendline before pushing back to the top of the range.
And then he widened the lens beyond Cardano, tossing in a fairly aggressive macro view that sits underneath the bullish alt targets. “I honestly, guys, across the board right now, I believe that these corrections are coming to an end,” he said. “I think we have a blow off top in stock markets, in crypto and all of that coming.”
But he also stressed he’s not married to a long-duration “supercycle” narrative. “I am not a long-term bull,” he said. “I am not [predicting a] Bitcoin super cycle to $400K.” His current bitcoin top, he added, is $155,000 — and he expects alts to “severely outperform” in the final leg before “it’s all over.”
On the math side, Quantum Ascend framed $10.40 as big, but not absurd in a market that has already produced outsized multiples. “If we were to get that 1040, 25X, right?” he said, comparing it to prior cycles where ADA saw moves he pegged at “168X” and “75X.”
“So we’re just talking about a 25er,” he added. “Not that crazy when you put it into perspective.”
At press time, ADA traded at $0.4022.
ADA trades below key resistance, 1-week chart | Source: ADAUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The crypto market is mainly red on the last day of the week, according to CoinStats.
ETC chart by CoinStatsETC/USDThe rate of Ethereum Classic (ETC) has risen by 3.15% over the last day.
Image by TradingViewOn the hourly chart, the price of ETC keeps looking bullish. If bulls' pressure continues and the daily bar closes near the resistance, the growth may continue to the $13 area.
Image by TradingViewOn the bigger time frame, the rate of ETC is also controlled by buyers. If the candle closes around the current prices or above, traders may witness a test of the $13-$13.50 range next week.
Image by TradingViewFrom the midterm point of view, the price of the altcoin has once again bounced off the support at $11.47.
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If the weekly bar closes far from that mark, there is a chance to see a local rise to the $13-$14 zone by the end of the month.
Ethereum Classic is trading at $12.84 at press time.
TLDR: Prosecutors identified £4,012.21 in Ethereum Classic cryptocurrency linked to drug trafficking. Craig Costello generated £1.6m in illegal profits from international cocaine distribution ring. Five-bedroom property sold and vehicles liquidated as part of proceeds of crime application. Confiscation order delayed due to ongoing divorce settlement over £107,722.80 property equity. Craig Costello, a convicted drug trafficker from Teesside, awaits the final seizure of his assets following his involvement in a global cocaine distribution network.
Prosecutors have identified £137,577 in available cash and assets for confiscation. The seizure includes cryptocurrency holdings, property proceeds, and bank deposits accumulated during his criminal activities between 2015 and 2016.
Criminal Operation and Conviction Costello operated alongside three business partners in managing the Teesside branch of an international drugs ring.
John Watson, Steven Beazley, and Dave Wright formed the local team under Stockton drugs baron Jon Moorby. The operation functioned under the direction of Merseyside gangster Lance Kennedy, who orchestrated approximately £17m in cocaine imports.
The criminal enterprise utilized chartered helicopters to transport class A drugs across the Channel. Couriers then moved the cocaine from Kent to Merseyside before distributing it across the north east.
Cleveland police conducted extensive surveillance operations to gather evidence against the group during the two-year period.
All four members received convictions for conspiracy to supply class A drugs in 2021. Costello fled to the Middle East before the jury delivered its verdict.
Authorities apprehended him in Amsterdam while driving and returned him to the UK. He subsequently served a nine-year-seven-month sentence at HMP Kirklevington before his release in August under the 40% scheme.
Asset Recovery and Financial Investigation Financial investigators determined Costello generated £1.6m in illegal profits through his trafficking activities.
The proceeds of crime application has identified specific transactions linked to drug sales. Prosecutors traced a £16,815 payment into his bank account alongside an additional £3,175 deposit.
Authorities discovered £4,012.21 worth of Ethereum Classic cryptocurrency registered in Costello’s name. Court documents confirm this digital currency originated from drug trafficking proceeds.
His five-bedroom property on Chesterfield Drive in Marton was sold while he remained incarcerated. Several quad bikes and vehicles were also confiscated and liquidated.
The final confiscation amount remains unsettled due to ongoing property settlement disputes. Victoria Costello initiated divorce proceedings after her husband’s imprisonment.
She claims entitlement to a portion of the house equity, totaling £107,722.80. The Crown Prosecution Service has suspended divorce proceedings until financial matters reach resolution.
Durham Crown Court will issue the confiscation order next year. Costello’s former associates paid back less than £300,000 from £4m in combined profits.
Ethereum Classic declined sharply over the past 24 hours, closing with a loss of nearly 9%. The drop reflects growing downside pressure, with market positioning skewed heavily in favor of bearish traders.
The recent cascade followed a noticeable contraction in liquidity.
Roughly 9% of liquidity exited the Ethereum Classic [ETC] perpetual market, leaving open interest at approximately $90.12 million. When weighed against Funding Rate data, the remaining capital appears largely aligned with short sellers.
At the time of writing, the Open Interest–Weighted Funding Rate has turned negative, printing -0.0282—one of its steepest negative readings since October 2025, a period that also coincided with a comparable price decline.
Source: CoinGlass A negative funding rate indicates that short traders are paying long traders, signaling dominant bearish sentiment and a willingness by shorts to maintain their positions.
Liquidation data further underscores this imbalance. Long positions have absorbed the bulk of recent liquidations, while short sellers remain comparatively insulated. This disparity highlights the strength of bearish conviction and suggests that price action currently tilts in favor of sellers.
Market structure sends mixed signals Despite the bearish derivatives backdrop, the price structure presents a more nuanced picture across timeframes.
On the daily chart, ETC trades within a descending channel, defined by diagonal resistance and support trendlines. While descending channels often carry bearish implications, they can also precede bullish breakouts if price closes decisively above the upper resistance boundary.
Source: TradingView At press time, the price hovered near the midpoint of the channel. A sustained move above the $9.94 resistance level would strengthen the case for a short-term recovery.
However, the broader monthly timeframe paints a more cautious outlook.
Over the long term, ETC continues to trend lower. The structure resembles a large consolidation pattern defined by horizontal support and descending resistance.
Typically, such formations resolve with a breakout near the confluence of support and resistance.
In this instance, price has already broken below key support and now approaches a lower structural level. A breakdown beneath this zone would push ETC to a new all-time low on its Binance monthly chart.
Conversely, if the lower support holds, a rebound scenario remains viable.
Source: TradingView Short-term bounce possible? Momentum indicators suggest the possibility of temporary relief.
The Moving Average Convergence Divergence (MACD) showed the blue MACD line trending upward toward the orange signal line. The histogram has also begun printing green bars with increasing intensity, signaling strengthening bullish momentum in the short term.
Similarly, the Aroon Indicator reflects improving upside pressure. The Aroon Up (orange) remains above the Aroon Down (blue), aligning with the constructive signals seen on the MACD.
If momentum continued to build, ETC could experience a short-term rebound in the coming sessions.
However, unless price reclaims and sustains levels above $9.94, the broader bearish structure remains intact.
Source: TradingView In summary, derivatives positioning heavily favors bears, and long-term structure still leans bearish.
While technical indicators point to the possibility of a near-term bounce, the broader trend suggests that investors should remain cautious, as downside risks have not yet fully dissipated.
Final Summary Ethereum Classic (ETC) dropped nearly 9% – as Open Interest fell to $90.12M, Funding Rate turned negative at -0.0282. A move above $9.94 may decide whether ETC stabilizes.
Ethereum Classic has joined the list of cryptocurrencies posting double-digit gains, pushing its price to about $9.03 at press time.
The asset’s renewed momentum has drawn fresh market attention and redirected capital allocation toward the altcoin. Broader market analysis suggests the upside trend may persist, although its continuation depends on whether investor demand and capital inflows remain strong.
For now, sentiment across several indicators suggests that traders remain optimistic as the rally unfolds.
Investor appetite strengthens Investor appetite for Ethereum Classic [ETC] has increased sharply, according to sentiment data from CoinMarketCap.
The indicator, which aggregates community votes to track whether traders are bullish or bearish, showed that 100% of roughly 4.3 million participants expected further upside for ETC.
Google search data also pointed to a gradual rise in public interest.
Source: CoinMarketCap Data from Google Trends showed that search interest for Ethereum Classic’s ticker has increased by 10 points, rising from 32 on the 15th of March, which marked the lowest level recorded this year.
Although the increase remained modest, sustained growth in search activity could translate into broader market attention. Higher visibility often precedes stronger capital allocation as more traders begin to track and participate in the asset’s movement.
Breakout places higher levels in focus AMBCrypto’s analysis suggested that the rally may still have room to extend if current momentum holds. Based on the chart structure ETC recently exited, an additional 11% to 30% price expansion remains possible.
The formation resembles a bullish consolidation pattern, where price trades within a tightening range defined by a horizontal support level and a descending resistance line.
Such structures typically reflect a period of accumulation before price breaks out and attempts to reclaim the start of the pattern.
Source: TradingView The distance between ETC’s current price and the beginning of that structure represents roughly 11% additional upside.
If the asset manages to clear the next resistance zone around $11.66, the rally could extend further, potentially reaching 30% above current levels, according to the chart projection.
However, failure to sustain the breakout could invalidate the move. In that scenario, ETC may return to the channel and resume trading within the previous range, especially if broader market sentiment weakens.
Indicators show strengthening momentum Several technical indicators also suggest that the market is preparing for further movement.
The Moving Average Convergence Divergence (MACD) indicator, which measures momentum shifts, shows strengthening bullish pressure through a series of rising histogram bars on the chart.
If the MACD line (blue) crosses decisively above the signal line (orange) in positive territory, it would confirm that momentum is accelerating and could support a stronger upward move.
Source: TradingView Meanwhile, the Money Flow Index (MFI), which tracks capital inflows and outflows, has continued to trend higher. The indicator, however, remains below the 50 threshold, a level typically used to confirm stronger buying pressure.
A break above this level would indicate that investors are increasing capital allocations into Ethereum Classic and could reinforce the asset’s ongoing rally.
For now, ETC’s upside momentum remains intact, but the sustainability of the move will depend largely on whether capital inflows and bullish sentiment continue to build.
Final Summary ETC jumps sharply as investor confidence strengthens across social platforms. Further upside now depends largely on sustained momentum and continued capital inflows.
Bullish ETC price prediction for 2026 is $10.11 to $14.68. Ethereum Classic (ETC) price might reach $70 soon. Bearish ETC price prediction for 2026 is $4.29. In this Ethereum Classic (ETC)price prediction 2026, 2027-2030, we will analyze the price patterns of ETC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Ethereum Classic (ETC) Current Market StatusWhat is Ethereum Classic (ETC)?Ethereum Classic (ETC) 24H TechnicalsETHEREUM CLASSIC (ETC) PRICE PREDICTION 2026
Ethereum Classic (ETC) Support and Resistance LevelsEthereum Classic (ETC) Price Prediction 2026 — RVOL, MA, and RSIEthereum Classic (ETC) Price Prediction 2026 — ADX, RVIComparison of ETC with BTC, ETHETHEREUM CLASSIC (ETC) PRICE PREDICTION 2027, 2028-2030CONCLUSIONFAQ Ethereum Classic (ETC) Current Market Status Current Price $7.53 24 – Hour Price Change 5.65% Up 24 – Hour Trading Volume $63.91M Market Cap $1.18B Circulating Supply 157.17M ETC All – Time High $176.16 (May 07, 2021) All – Time Low $0.4524 (On Jul 25, 2016) ETC Current Market Status (Source: CoinMarketCap) What is Ethereum Classic (ETC) TICKERETCBLOCKCHAINEthereum ClassicCATEGORYBlockchain-based distributed computing platformLAUNCHED ONJuly 2015UTILITIESGovernance, security, gas fees & rewards Ethereum Classic (ETC) is the native cryptocurrency that exists on the Ethereum Classic blockchain. Ethereum Classic is an open-source smart contracts-based platform that holds onto the original Ethereum blockchain. This sister chain of Ethereum was launched as a result of a controversial hard fork of Ethereum in July 2016.
Ethereum Classic secures its blockchain through the proof-of-work (PoW) consensus mechanism. It is merely the continuation of the pioneer Ethereum Chain. It allows developers and users to create dApps through lucrative smart contracts.
Ethereum Classic 24H Technicals Ethereum Classic (ETC) ranks 51st on CoinMarketCap in terms of its market capitalization. The overview of the Ethereum Classic price prediction for 2026 is explained below with a daily time frame.
ETC/USDT Ascending Triangle Pattern (Source: TradingView) In the above chart, Ethereum Classic (ETC) laid out a Ascending Triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure.
As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move.
At the time of analysis, the price of Ethereum Classic (ETC) was recorded at $7.53. If the pattern trend continues, then the price of ETC might reach the resistance levels of $7.86, and $9.52. If the trend reverses, then the price of ETC may fall to the support of $6.95 and $6.45.
Ethereum Classic (ETC) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Ethereum Classic (ETC) in 2026.
ETC/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Ethereum Classic (ETC) for 2026.
Ethereum Classic (ETC) Price Prediction 2026 — RVOL, MA, and RSI The technical analysis indicators, such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Ethereum Classic (ETC) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Ethereum Classic (ETC) market in 2026.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $8.31Price = $7.57
(50MA > Price)Bearish/DowntrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions47.91
<30 = Oversold
50-70 = Neutral>70 = OverboughtNearly OversoldRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume Ethereum Classic (ETC) Price Prediction 2026 — ADX, RVI In the below chart, we analyze the strength and volatility of Ethereum Classic (ETC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ethereum Classic (ETC).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum28.65Strong trendRelative Volatility Index (RVI)Volatility over a specific period32.71<50 = Low
>50 = High
Low Volatility Comparison of ETC with BTC, ETH Let us now compare the price movements of Ethereum Classic (ETC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ETC Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ETC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ETC also increases or decreases, respectively.
Ethereum Classic (ETC) Price Prediction 2027, 2028 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ethereum Classic (ETC) between 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish PriceEthereum Classic (ETC) Price Prediction 2027$72$4Ethereum Classic (ETC) Price Prediction 2028$74$3Ethereum Classic (ETC) Price Prediction 2029$76$2Ethereum Classic (ETC) Price Prediction 2030$78$1 Conclusion If Ethereum Classic (ETC) establishes itself as a good investment in 2026, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ethereum Classic (ETC) price prediction for 2026 is $14.68. Comparatively, the bearish Ethereum Classic (ETC) price prediction for 2026 is $4.29.
If there is a positive elevation in the market momentum and investors’ sentiment, then Ethereum Classic (ETC) might hit $70. Furthermore, with future upgrades and advancements in the Ethereum Classic ecosystem, ETC might surpass its current all-time high (ATH) of $176.16 and mark its new ATH.
FAQ 1. What is Ethereum Classic (ETC)? Ethereum Classic (ETC) is the native cryptocurrency of the Ethereum Classic blockchain. Ethereum Classic is an open-source smart contracts-based network that is built based on the original Ethereum blockchain.
2. Where can you buy Ethereum Classic (ETC)? Ethereum Classic (ETC) has been listed on many crypto exchanges which include Binance, OKEx and Huobi Global.
3. Will Ethereum Classic (ETC) record a new ATH soon? With the ongoing developments and upgrades within the Ethereum Classic platform, Ethereum Classic (ETC) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ethereum Classic (ETC)? Ethereum Classic (ETC) hit its current all-time high (ATH) of $176.16 on May 07, 2021.
5. What is the lowest price of Ethereum Classic (ETC)? According to CoinMarketCap, ETC hit its all-time low (ATL) of $0.4524 on Jul 25, 2016.
6. Will Ethereum Classic (ETC) hit $70? If Ethereum Classic (ETC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $70 soon.
7. What will be the Ethereum Classic (ETC) price by 2027? Ethereum Classic (ETC) price might reach $72 by 2027.
8. What will be the Ethereum Classic (ETC) price by 2028? Ethereum Classic (ETC) price might reach $74 by 2028.
9. What will be the Ethereum Classic (ETC) price by 2029? Ethereum Classic (ETC) price might reach $76 by 2029.
10. What will be the Ethereum Classic (ETC) price by 2030? Ethereum Classic (ETC) price might reach $78 by 2030.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Quick Answer: Ethereum Classic (ETC) is trading near $8.27–$8.82 as of May 2026, ranking approximately #51 by global market cap. Analyst forecasts for 2026 range from $5.00 (Cryptopolitan bear case) to $34.10 (PricePrediction bull case), with DigitalCoinPrice’s base model placing year-end between $14.90 and $22.62. For 2030, projections span from $10.53 (Coinbase linear model) to $78 (Cryptopolitan bull). The key drivers are Bitcoin halving cycle effects, ETC’s positioning as a pure proof-of-work smart contract chain in an increasingly proof-of-stake ecosystem, and whether mining economics remain viable.
Key Takeaways:
ETC is trading ~95% below its November 2021 ATH of $176.16, near 10-year support levels seen last in July 2016 Proof-of-work positioning is a niche differentiator but also limits DeFi ecosystem growth vs Ethereum DigitalCoinPrice projects year-end 2026 between $14.90–$22.62; PricePrediction targets $26.46–$34.10 2030 base case consensus sits at $30–$57 across major platforms in moderate bull scenarios Analyst Ali Martinez issued a long-term bear case of $5 in November 2025; DigitalCoinPrice projects $34.55 by end of 2027 What Is Ethereum Classic (ETC)? Ethereum Classic is a proof-of-work blockchain and the original Ethereum chain, created in July 2016 following the controversial hard fork that divided the Ethereum community after the DAO hack. When the Ethereum Foundation chose to roll back the blockchain to refund $60 million stolen in the 2016 DAO exploit, a minority of developers and miners refused — arguing that “code is law” and that blockchains should be immutable. They continued the original, unmodified chain, calling it Ethereum Classic.
ETC shares Ethereum’s original codebase and supports smart contracts and decentralized applications. However, while Ethereum transitioned to proof-of-stake (PoS) in September 2022 (The Merge), Ethereum Classic has maintained proof-of-work (PoW) mining. This makes ETC one of the largest PoW smart contract platforms in existence — a niche positioning that attracts both Bitcoin-ideology miners and developers who prefer censorship-resistant, immutable infrastructure.
ETC has a capped supply of approximately 210.7 million coins — a deflationary model inspired by Bitcoin — with block rewards decreasing by 20% every 5 million blocks (roughly every 2.5 years). According to CoinMarketCap, ETC has a circulating supply of approximately 148.5 million tokens and a market capitalization near $1.3 billion as of May 2026.
How Does Ethereum Classic Compare to Similar Chains? ETC occupies a unique position: a PoW smart contract chain competing with PoS alternatives while maintaining philosophical alignment with Bitcoin-era values.
FeatureEthereum Classic (ETC)Ethereum (ETH)Litecoin (LTC)Bitcoin (BTC)ConsensusProof-of-WorkProof-of-StakeProof-of-WorkProof-of-WorkSmart contractsYesYesNoLimited (Ordinals)Capped supply~210.7MNo cap84M21MMarket cap~$1.3B~$290B~$8B~$2TDeFi ecosystemMinimalDominantMinimalGrowingBlock time~13 sec~12 sec~2.5 min~10 minOrigin2016 DAO fork201520112009 ETC’s advantage over Litecoin is smart contract support. Its disadvantage versus Ethereum is essentially everything else: smaller ecosystem, lower liquidity, far fewer developers, and no institutional DeFi adoption. Its ideological positioning as the “immutable Ethereum” has a loyal following but a limited addressable market.
Ethereum Classic (ETC) Price Today and Market Overview MetricValue (May 2026)Price~$8.27–$8.82Market Cap~$1.3B24h Volume~$40.6MCMC Rank~#51ATH$176.16 (Aug 2021)ATH Drop~95%Circulating Supply~148.5M ETCMax Supply~210.7M ETC As of May 28, 2026, ETC is trading near $8.27–$8.82, sitting below both its 50-day and 200-day moving averages. DigitalCoinPrice’s current data shows ETC trading down on 17 of the past 30 days, with an RSI near 52.85 (neutral territory). The Fear & Greed Index is at approximately 23 (Fear), reflecting broad altcoin market caution.
A technically significant note: in the first week of May 2026, ETC briefly touched $28.99 before correcting sharply to current levels — a drop below $23.34 that represented a level not seen since July 2016 on a closing basis. This illustrates ETC’s extreme volatility: a 3x swing within a single month is characteristic of the token’s thin liquidity relative to its market cap rank.
ETC’s January 2026 context was constructive: analysts forecast ETC could trade between $30 and $80 in 2026 based on crypto market recovery trends and ETC’s PoW positioning. The subsequent price decline to $8 range has reset those expectations significantly.
ETC Price History Snapshot YearKey Price Level2016Launch after DAO fork ~$2.08; dipped below $1Late 2017Surged above $40 during crypto bubble2018Crashed back below $52020Range $5–$13Aug 2021ATH of $176.162022Crashed to $15–$35 range2023–2024Range $15–$40Early 2025Rally to $25.28Aug 2025Surge to $25.52 (+24% in one session)Nov 2025Analyst bear case: $5 targetMay 2026 low~$8.27 (near July 2016 levels) ETC’s price history mirrors Bitcoin cycles closely but with greater volatility and lower floors. Its August 2021 ATH of $176.16 came during peak altcoin mania, driven partly by Ethereum’s own price surge and speculation about ETC inheriting ETH miners after The Merge. That thesis partially materialized — ETH miners did migrate to ETC post-Merge — but the resulting hash rate increase did not translate into sustained price appreciation.
ETC Price Prediction 2026 2026 forecasts for ETC span an extraordinary range, reflecting genuine uncertainty about whether the current price near $8 represents a floor or continued deterioration.
SourceLowHighNotesCoinbase (linear 5%)—$8.66Flat growth model; minimal assumptionsDigitalCoinPrice$7.02$22.62Monthly range; strong Dec rally possibleStealthEx$7.02$34.10Avg ~$15 in base; high end $34 requires bull marketPricePrediction$26.46$34.10Bull case; requires full altcoin recoveryCryptopolitan$5.00$30.00Avg $15; wide range based on macroAMBCrypto/CoinCodex$15.69$29.31Recovery rally scenario DigitalCoinPrice’s monthly model provides the most granular 2026 view: ETC could trade $7.02–$9.29 through April-May (consistent with current prices), recover toward $9.00–$9.42 by June, and potentially reach $14.90–$22.62 by December if broader crypto markets recover in H2. Coinbase’s linear 5% growth model ($8.66) represents the absolute floor scenario where nothing changes.
PricePrediction’s $26.46–$34.10 year-end 2026 range requires ETC to broadly recover toward 2025 levels — plausible if Bitcoin enters a sustained rally that lifts mid-cap PoW chains. Cryptopolitan’s bear case of $5.00 aligns with analyst Ali Martinez’s long-term warning, though this would imply a new all-time low below even ETC’s 2016 launch prices — an extreme scenario requiring catastrophic market conditions.
For planning purposes, the realistic 2026 range is $8–$22, with the $14–$22 zone achievable if macro conditions improve in H2.
ETC Price Prediction 2027 2027 sits in the typical 12–18 month post-halving altcoin rally window. If historical patterns repeat, this is when smaller PoW chains tend to see their strongest recoveries.
SourceLowHighCoinbase—$9.09DigitalCoinPrice—$34.55 (+182% from current)Cryptopolitan$30.00$50.00AMBCrypto—~$28.06Changelly—~$26.74 DigitalCoinPrice’s 2027 projection of $34.55 (a +182% gain from current prices) reflects a significant recovery scenario tied to halving cycle momentum. This would return ETC to early 2025 levels — a meaningful but not extraordinary outcome given ETC’s history of cycle-driven rallies. Cryptopolitan’s $30–$50 range is broadly consistent with this moderate bull case. Coinbase’s flat $9.09 represents the zero-catalyst scenario.
ETC Price Prediction 2028 2028 is the next Bitcoin halving year — ETC has historically seen its strongest gains in the 6–18 months following a Bitcoin halving.
SourceLowHighDigitalCoinPrice—~$45–$55 (est.)Cryptopolitan$43.00$78.00PricePrediction~$35~$55 Cryptopolitan’s $43–$78 range for 2028 treats ETC as a halving-cycle beneficiary, projecting recovery toward pre-ATH levels in the $40–$80 range. DigitalCoinPrice’s model similarly converges toward the $45–$55 zone for 2028 based on cyclical appreciation. For ETC to reach $50+ by 2028, Bitcoin would need to initiate a strong bull cycle in 2027 with capital rotating into mid-cap PoW assets.
ETC Price Prediction 2029 SourceLowHighCryptopolitan$55.00$90.00DigitalCoinPrice~$50~$80 2029 is typically the late-cycle continuation phase following the halving. Cryptopolitan’s $55–$90 range reflects a bull scenario where ETC has recaptured a significant portion of its 2021 peak during the halving cycle. DigitalCoinPrice’s model converges in a similar range. Reaching $90 would require ETC to approach its 2021–2022 trading range but remain well below its $176.16 ATH — a recovery but not a new peak.
ETC Price Prediction 2030 2030 is the most widely cited long-term horizon for ETC investors.
SourceLowHighCoinbase (5% model)—$10.53DigitalCoinPrice$215.10$215.10 (avg)Cryptopolitan$43.00$78.00StealthEx$26.13$39.20AMBCrypto—~$32.67Changelly (bear)~$8–$9— The 2030 range is extremely wide. Coinbase’s flat 5% growth model places ETC at $10.53 — barely above current prices. StealthEx and AMBCrypto cluster in the $26–$40 zone, consistent with gradual appreciation through two halving cycles. Cryptopolitan’s $43–$78 is the moderate bull scenario — ETC returning to 2022 trading levels. DigitalCoinPrice’s $215.10 average is the most aggressive and requires extraordinary adoption, treating ETC as a major PoW infrastructure chain by 2030.
A realistic 2030 range for planning purposes, weighing the most credible mid-tier forecasts, is $25–$78, with the lower end achievable through normal cycle appreciation and the upper end requiring a full market recovery plus ETC-specific adoption catalysts.
What Drives the Ethereum Classic (ETC) Price? Bitcoin halving cycles. ETC moves in strong correlation with Bitcoin. Its largest price spikes have all come during Bitcoin bull markets, and its deepest declines follow Bitcoin bear phases. The 2028 halving is the next major macro trigger. ETC historically amplifies Bitcoin’s percentage moves — both upward and downward.
Post-Merge miner migration. When Ethereum switched to proof-of-stake in September 2022, billions of dollars worth of GPU mining rigs needed somewhere to go. Many miners switched to Ethereum Classic, dramatically increasing ETC’s hash rate and network security. This improved security profile was a structural positive that the market underpriced at the time.
Proof-of-work narrative. In a crypto ecosystem increasingly dominated by proof-of-stake networks, ETC occupies a genuine niche as the only major PoW smart contract chain. If PoW experiences a philosophical or regulatory revival — driven by concerns about PoS centralization or validator concentration — ETC is the primary beneficiary among smart contract platforms.
Deflationary supply model. With a capped supply of ~210.7 million coins and declining block rewards, ETC shares Bitcoin’s deflationary economics. As mining rewards decrease over successive epochs, supply issuance falls — creating gradually tightening supply dynamics in bull markets.
Network security and 51% attack history. ETC suffered multiple 51% attacks between 2019 and 2020 when its hash rate was low. The post-Merge influx of mining hardware dramatically increased hash rate and reduced 51% attack risk — but the historical vulnerability remains a concern for institutional adoption and exchange support.
Developer activity. ETC’s developer activity is modest compared to Ethereum and most major Layer 1s. The ecosystem has a small but committed core development team. Limited new application development constrains organic demand growth beyond speculative trading and mining.
Is Ethereum Classic (ETC) a Good Investment? ETC at $8–$9 is trading near a decade-low price level in nominal terms — the same range as July 2016, just months after the DAO fork that created the chain. Whether this represents a floor or a warning depends heavily on one’s view of PoW smart contract chains in a PoS-dominated future.
The case for ETC: its supply model is deflationary, its network security improved significantly post-Merge, it has survived 10 years including multiple 51% attacks, and its Bitcoin correlation means it will benefit from any Bitcoin bull cycle. At a $1.3B market cap, even a partial recovery toward 2024 levels ($25–$40) represents a 3–5x gain.
The case against: as analyst Ali Martinez noted in November 2025, ETC’s technical indicators were pointing to further downside, with a $5 target identified as a possibility if support levels failed. The developer ecosystem is thin, DeFi TVL is negligible compared to Ethereum, and ETC’s ideological differentiation is most compelling to a niche audience rather than the mainstream crypto market.
For investors who believe in PoW’s long-term role and want smart contract exposure with Bitcoin-style supply economics, ETC at current levels offers speculative value. For investors who prioritize active ecosystems, DeFi depth, and developer activity, Ethereum itself and other more active chains present stronger fundamental cases.
Nothing in this article constitutes financial advice. Cryptocurrency investments carry substantial risk.
Where to Buy Ethereum Classic (ETC) Centralized exchanges (CEX):
Binance — ETC/USDT and ETC/BTC; highest global liquidity Coinbase — ETC/USD for US users; one of ETC’s primary listing venues Kraken — ETC/USD and ETC/EUR with strong regulatory compliance KuCoin — ETC/USDT with competitive fees Gate.io — ETC/USDT available globally OKX — ETC/USDT spot and margin trading Decentralized options: ETC is a standalone Layer 1 chain, not an ERC-20 token — DEX trading for ETC requires wrapped versions (WETC) on Ethereum-compatible platforms. For pure ETC spot trading, centralized exchanges are the practical venue.
Mining: ETC can be mined using GPU rigs (Ethash algorithm) — a unique acquisition method not available for most cryptocurrencies. Mining profitability varies with ETC price, network difficulty, and electricity costs.
Self-custody: ETC is supported by hardware wallets including Ledger and Trezor. Electrum Classic and the official Emerald Wallet are the most widely used software wallets for ETC self-custody.
Frequently Asked Questions What is the ETC price prediction? For 2026, forecasts range from $5.00 (Cryptopolitan bear case) to $34.10 (PricePrediction/StealthEx bull case). DigitalCoinPrice's base model targets $14.90–$22.62 by December 2026 if markets recover in H2. Coinbase's flat 5% model projects $8.66. The base case consensus is $8–$22 for 2026, with above-base scenarios requiring a Bitcoin-driven altcoin recovery.
How high can ETC go? In a moderate bull scenario by 2030, Cryptopolitan projects $43–$78. DigitalCoinPrice's model is more aggressive at $215 for 2030. StealthEx and AMBCrypto cluster in the $26–$40 range. Most models agree that ETC returning to its 2022–2024 trading range ($25–$50) is the realistic bull target through two halving cycles, representing a 3–6x from current prices.
Will ETC reach $100 again? ETC traded above $100 briefly in August 2021 ($176.16 ATH) but has never sustained that level. Reaching $100 from current prices would require approximately a 12x gain. Cryptopolitan's most aggressive 2030 scenario reaches $78 — below $100. Most models do not project ETC reclaiming $100 before 2032 at the earliest. A return to $100 requires extraordinary conditions: strong Bitcoin bull cycle, major PoW narrative shift, and increased DeFi adoption on ETC.
What is the Ethereum Classic price prediction for 2030? Forecasts for 2030 range from $10.53 (Coinbase flat model) to $215 (DigitalCoinPrice aggressive model). StealthEx estimates $26–$39. Cryptopolitan projects $43–$78. AMBCrypto targets ~$32. The most widely cited realistic range for 2030 planning is $25–$78, depending on two halving cycle outcomes and whether PoW smart contracts gain or lose market share relative to PoS alternatives.
What is the difference between Ethereum and Ethereum Classic? Ethereum Classic is the original Ethereum blockchain, maintained by those who refused the 2016 hard fork that reversed the DAO hack. Ethereum (ETH) is the forked version that rolled back the hack to refund stolen funds. Today, Ethereum uses proof-of-stake and has the world's largest smart contract ecosystem. Ethereum Classic uses proof-of-work, has a capped supply of ~210.7 million ETC, and maintains a smaller but ideologically committed community focused on immutability.
Is Ethereum Classic a good investment? ETC at ~$8 is near its lowest price since 2016 — both a potential long-term accumulation opportunity and a warning that the market assigns diminishing value to PoW smart contracts in a PoS-dominated ecosystem. Its case rests on Bitcoin cycle correlation, deflationary supply, and improved network security post-Merge. Its risks include thin developer activity, negligible DeFi ecosystem, and a narrow ideological appeal. It is a speculative position, not a portfolio anchor.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
SecondFi, the Cardano ecosystem wallet application formerly known as Yoroi, reported a critical security breach on June 23. The incident involved a vulnerability in the platform’s online wallet generation system, which may have exposed the private keys of some users.
178 wallets directly affected in initial findingsInitial investigations revealed that 178 wallets were directly impacted by the breach. Confirmed losses from the incident amounted to 16 million ADA, equivalent to approximately $2.4 million at current prices. In addition to ADA, various digital assets and NFTs were reportedly stolen during the exploit.
SecondFi stated that the root cause of the recent security incident lay in its Cardano wallet generation software. Following the discovery, the platform halted all transactions and urged users to transfer their assets to alternative wallets for safety.
Blockchain security firm SlowMist pointed to an even broader threat landscape, estimating that the total potential loss could exceed $20 million, with up to 129 million ADA at risk. The difference between the confirmed losses and the projected total risk suggests that additional compromised but as-yet untouched wallets may exist within the ecosystem.
Glossary: A private key is a secret code that grants full control over assets in a crypto wallet. If this information is leaked, funds can be transferred from the wallet without the owner’s consent.
IndicatorDisclosed dataDirectly affected wallets178Confirmed loss16 million ADAApproximate USD equivalent$2.4 millionSlowMist estimated risk129 million ADAPlatform suspended transactionsIn response to the breach, SecondFi froze account balances and placed its system in maintenance mode. The platform, which serves over one million users, also issued an urgent warning that all wallets created through the compromised system should now be considered at risk.
SecondFi has yet to share a timeline for compensating affected users. A comprehensive security audit is underway, but detailed results have not been published.
Legacy of Yoroi amplified the impactThe rebranding from Yoroi to SecondFi took place in April 2026. Previously, Yoroi had been recognized as a lightweight wallet developed by Emurgo, one of the three founding entities of the Cardano network. Yoroi was widely used by those seeking a lightweight custody solution for ADA without running a full node.
The incident’s impact is particularly significant because the breach occurred in a wallet with historic ties to the core Cardano ecosystem, not just in a third-party service. This background has raised additional concerns in the Cardano community.
According to SlowMist, total losses related to SecondFi could surpass $20 million, with more vulnerable wallets potentially still at risk of exploitation.
Warnings issued over secondary fraud attemptsSecurity researchers have warned of a second wave of threats following the breach. Malicious actors are impersonating official SecondFi channels, distributing fake recovery tools to steal users’ information and access their funds.
Experts recommend that anyone who has ever used SecondFi or the former Yoroi web wallet immediately generate new private keys and move their assets to secured wallets. However, SecondFi has not announced when normal operations will resume or when a full security report will be released.
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.
SecondFi has reported an exposure in the wallet generator software, which compromised private keys and put around 178 Cardano wallets at risk. Experts believe that losses might run up to over $20 million as the victims try to protect their crypto assets. A critical vulnerability reported by SecondFi had left the private keys of the users who have used their web wallet exposed. They had quickly suspended all services from June 23 and advised the users to move their funds somewhere else. The above-mentioned vulnerability had occurred in the wallet generator software of SecondFi. The hackers were able to gain access to the credentials of private wallets. Around 178 wallets have been found compromised.
SecondFi has confirmed losses amounting to $16 million in ADA, as well as other tokens and NFT items. According to recent valuations, the confirmed losses at the time of writing exceed $2.4 million. As a response, SecondFi has frozen all balances and entered maintenance mode while also sounding the alarms within the user base. All users of SecondFi who have wallets created using vulnerable software have been asked to generate new wallets right away.
At this stage, our current estimate of the total impact is approximately 16M ADA. We are continuing to work through the operational response and remain committed to supporting affected users.
To our community: we take this incident seriously and are working to make affected…
— SecondFi (@secondfiapp) June 23, 2026 Research Reveals Greater Financial Losses Security firm on blockchain called SlowMist has analyzed the breach independently and found greater exposure. According to research, attackers have access to up to 129 million ADA through vulnerable wallets.
SlowMist estimates that total losses could exceed $20 million if attackers drain assets from all affected wallets. SecondFi has not released a detailed security audit explaining the vulnerability, and the company has not outlined any reimbursement plan for affected users.
Security Risks Extend Well Beyond Primary Breach Before its rebranding, which took place in April 2026, SecondFi had operated under the brand name Yoroi. It was among the most popular light wallets of Cardano, and it had witnessed huge adoption rates. Security researchers have found that some other scams have taken place where fraudsters have tried to scam users who have fallen prey to breaches of wallet security. Impersonation of support personnel and offering recovery solutions through various media has been found to be another scam tactic.
The researcher advised users against providing any personal credentials and using unofficial recovery tools that claim to provide help with the matter. The issue has raised further concerns regarding the security and safety of users in the Cardano network and digital asset market.
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Cardano founder Charles Hoskinson has called on the community to rediscover the passion and optimism that once propelled the blockchain project to its greatest achievements.
Hoskinson delivered the message during his latest livestream while discussing Cardano’s future. During the broadcast, he said he is working to recapture the spark and magic that fueled Cardano’s early momentum and united the ecosystem behind a shared vision.
According to him, the Cardano community needs a cause to rally around once again if it hopes to reclaim past successes and compete for leadership in the blockchain industry.
“Cardano Needs to Get Back Its Mojo” Hoskinson stressed that Cardano already possesses all the necessary attributes required for long-term success. He argued that the ecosystem had made the right technological decisions, established a strong research foundation, and assembled world-class talent capable of solving some of the industry’s toughest challenges.
However, he believes the project has lost some of the confidence and momentum that once defined it.
“We just have to get our mojo back,” Hoskinson remarked, expressing confidence that the ecosystem can return to previous highs and continue growing. This implies that he expects the token to revisit its previous ATH of $3.10, which was recorded in September 2021.
Hoskinson Fears Seeing Cardano Fade Away The Cardano founder also revealed his deep personal attachment to the project, admitting that he does not want to see the network fail after dedicating years of his life to its development.
He explained that much of his professional career has centered on waking up each day to build something meaningful and successful. Given his commitment to the project, he said, “I don’t want to see Cardano die.”
Despite his continued commitment to Cardano, Hoskinson emphasized that the ecosystem’s future should not depend solely on him. Notably, he challenged critics and aspiring leaders within the community to present their own visions if they believe they can guide the network more effectively. In his view, leadership in decentralized ecosystems must be earned by convincing the community and attracting support behind a compelling strategy.
ADA Collapse Fuels Concerns Across the Ecosystem Hoskinson’s comments come amid growing concerns and weakening sentiment across the Cardano ecosystem following ADA’s dramatic price decline.
The cryptocurrency reached an all-time high of $3.10 in September 2021 but has since fallen by 95.12% to $0.1509. Macroeconomic pressures, broader market weakness, and internal ecosystem challenges all contributed to the decline.
In addition, the ecosystem has faced several setbacks, including public disputes, project shutdowns, and governance-related controversies. Governance tensions ultimately contributed to the cancellation of the Cardano Summit 2026, while several key entities announced their departure from the ecosystem.
Despite these challenges, Hoskinson remains bullish on Cardano. He has repeatedly dismissed claims that the project is dead and continues to argue that Cardano still has a viable path to success. With strong community backing, he even believes the network could eventually surpass Bitcoin.
Leios Testnet Goes Live Meanwhile, Hoskinson’s company, Input Output Global (IOG), has announced the launch of Musashi Dojo, a public testnet designed to accelerate Cardano’s upcoming Ouroboros Leios scaling upgrade.
The initiative, developed in collaboration with the Cardano Foundation, Intersect, and Blink Labs, represents an important milestone in testing the network’s next generation of performance improvements.
Leios introduces a new architecture that incorporates input endorsers and parallel transaction processing. The upgrade aims to significantly increase network throughput while preserving Cardano’s core principles of decentralization and security.
The Musashi Dojo testnet will advance through multiple development phases as engineers evaluate performance, stability, and consensus behavior under real-world conditions. If testing progresses successfully, developers expect the Leios upgrade to move toward a mainnet hard fork targeted for late 2026.
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.
The Cardano ecosystem is reeling from a major security breach, as over 16 million ADA were stolen from user wallets in a sweeping exploit. According to initial reports, the incident stemmed from compromised seed phrases in the widely used Cardano wallet, SecondFi. Security firm SlowMist has estimated that the total losses could reach as high as $20 million.
Source of the breachAt the center of the hack is SecondFi, formerly known as Yoroi. Developed by Emurgo Labs, the wallet served as a primary self-custody tool within the Cardano network. Its direct association with Emurgo—a founding entity of Cardano—had positioned SecondFi as a critical component in the ecosystem.
Information shared in the aftermath of the breach revealed that SecondFi completed its transition from Yoroi on June 12. The exploit, however, emerged just days later, raising concerns that the vulnerability might have been rooted not in a third-party service but in the infrastructure of one of Cardano’s core developers.
The SecondFi team announced that the incident occurred at the address level and that the risk was triggered when a transaction was signed. They stressed that simply transferring a seed phrase to another wallet would not resolve the issue and urged users to move their assets to a different type of wallet as quickly as possible.
Warnings issued to usersSecondFi confirmed efforts to isolate compromised addresses. Nevertheless, users were advised to uninstall both the wallet application and browser extensions, and, when possible, to transfer assets to a hardware wallet for greater security. So far, the company has only suspended activity on its own interface.
Researchers have noted that the vulnerability may not be limited to a small set of keys; analyses suggest that all private keys generated via SecondFi might be at risk. The company has also traced the exploit back to its own wallet creation software.
Glossary: A seed phrase is a series of words used to recover a crypto wallet. If this phrase is compromised, it can be used to regenerate the private keys and move assets without authorization.
Attacker’s methods and on-chain findingsUsers reported significant ADA losses, with data showing that the attacker’s address became active in the early hours of June 24. Though outflows appear to have ceased recently, investigations revealed that stolen Cardano NFTs are being stored in a separate wallet.
Blockchain researchers assessed that the intruder may have previously obtained access to a private key database. As a result, when a user initiated a recovery transaction, the attacker could identify the address and siphon funds before the legitimate user completed the process, leading some users to only notice the loss upon attempting a transaction.
Additional research indicated that the attacker’s initial funding originated from a Binance account—a fact that could aid efforts to track the perpetrator’s identity.
ADA price impact and compensation debateFollowing the security breach, ADA’s price fell 2.9% over the last 24 hours, touching $0.15. From its level of $0.42 at the start of 2026, ADA has lost more than 54% of its value year-to-date and has dropped out of the top 20 crypto assets by market capitalization.
With 352.4 million ADA reportedly still in the Cardano treasury, debate has emerged within the community over whether these reserves could be used to compensate affected wallet holders. However, there is currently no official decision on this matter.
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.
Cardano founder Charles Hoskinson (@IOHK_Charles) has responded to the exploit targeting SecondFi, a Cardano-native wallet platform, calling it "the unfortunate reality of crypto." Speaking after news of the breach broke, Hoskinson acknowledged that while the losses may appear modest relative to other high-profile hacks, that context offers no relief to those directly affected. "It hurts them whenever they lose anything," he said.
What Happened at SecondFi SecondFi, the Cardano wallet formerly known as Yoroi, disclosed a security vulnerability on June 23 that allowed attackers to siphon roughly 16 million $ADA from 178 user wallets, worth approximately $2.4 million, along with an undisclosed number of tokens and NFTs. The vulnerability originated in SecondFi's web wallet generation software, which is responsible for creating new wallets and their corresponding private keys. Critically, Cardano's base protocol was not the entry point.
Blockchain security firm SlowMist's Cos said on-chain analysis showed user losses from the hack could theoretically exceed $20 million, potentially involving as much as 129 million ADA and other tokens, with the exact amount to be disclosed after a technical audit is completed. SecondFi promptly suspended operations and entered maintenance mode following the discovery of the flaw, and a snapshot of user balances was taken, effectively freezing records of user holdings at the time of the breach.
SecondFi's history is grounded in its original branding as Yoroi, one of the earliest and most widely adopted light wallets in the Cardano ecosystem, designed by EMURGO, one of Cardano's founding entities. Yoroi served more than a million users and was a trusted option for ADA holders. In April 2026, EMURGO rebranded Yoroi into SecondFi, broadening its services to encompass a fully-fledged self-custody neofinance platform, which includes features for spending, trading, earning, and saving.
A Difficult Moment for the Cardano Ecosystem Hoskinson responded to the SecondFi incident, noting that while the losses may appear small relative to other crypto exploits, they offer no comfort to those affected. He stressed that some users may have lost their entire ADA holdings, describing it as an unfortunate reality of the industry.
SecondFi has enlisted a top-tier blockchain security firm to conduct an independent investigation into the issue and is collaborating with prominent figures in the Cardano ecosystem, including Input Output Global (IOG), the Cardano Foundation, IntersectMBO, and SundaeSwap, to address the consequences and assist affected users. SecondFi has not disclosed a reimbursement timeline or recovery plan.
The exploit surfaced just one day after Cardano launched the Leios Musashi Dojo testnet, and the breach may complicate efforts to attract new developers and liquidity to the network. Security researchers have also flagged a wave of secondary scams targeting affected users, with scammers impersonating SecondFi support channels and offering fake recovery tools. Users are advised to interact only with verified official channels and to migrate funds to a new wallet created through a separate, unaffected provider.
Sources:
BeInCrypto: Cardano Project SecondFi Hit by Major Exploit, Losses Could Top $20 Million
Crypto Briefing: SecondFi exploit drains over $20M from Cardano users as wallet key generation flaw exposed
Crypto Times: Cardano Project SecondFi Halts Services as Hack Estimates Hit $20M
In This Article What Broke And Why It's Worse Than a Typical ExploitCardano News: Two Loss Figures, One Growing ConcernSecondFi's History Makes This Hit HarderCardano Price Prediction: Three Scenarios SecondFi, the EMURGO-backed Cardano wallet platform, disclosed a critical security flaw in its native web wallet-generation software on June 23, 2026 – and the damage estimates are still climbing.
ADA is trading at approximately $0.15 at press time, down nearly 3% in 24 hours, compounding losses after the token fell below $0.20 in June and sits near multi-year lows.
The central question this incident raises is whether the SecondFi crypto hack is contained at the application layer or whether the reputational fallout from a flagship Cardano wallet bleeds into a prolonged suppression of the ADA price?
Hoskinson Breaks Silence On SecondFi Exploit
Cardano founder Charles Hoskinson (@IOHK_Charles) called the Cardano project, SecondFi hack "the unfortunate reality of crypto."
He acknowledged the losses may seem small compared to other hacks. But he said that brings no comfort… https://t.co/2ru5d74Ics pic.twitter.com/hU30okXfQV
— BSCN (@BSCNews) June 24, 2026
What Broke And Why It’s Worse Than a Typical Exploit Most crypto security incidents trace to smart contract bugs or front-end phishing. The SecondFi breach is neither. The vulnerability sits inside the platform’s native Cardano web wallet-generation software – the system that creates wallets and derives the private keys that control funds.
Think of it like a locksmith whose key-cutting machine was secretly producing duplicate keys. Every lock made through that machine is compromised, regardless of how securely the customer stored their copy.
Blink Labs, a Cardano infrastructure firm, warned publicly that any wallet generated through the affected flow should be treated as unsafe and advised users to migrate to a different wallet immediately.
SecondFi said it has isolated the root cause. “We have isolated the root cause of the recent security incident. The issue was confined to our native Cardano web wallet generation software,” the project team said in its security update.
The platform paused all front-end activity, entered maintenance mode, and commissioned an independent technical review with a blockchain security firm.
Cardano News: Two Loss Figures, One Growing Concern Cardano's wallet SecondFi has been exploited for potentially $20,000,000.$ADA dropped to its lowest level since December 2020 after this. pic.twitter.com/LiXBrplnI9
— Ted (@TedPillows) June 24, 2026
SecondFi’s preliminary on-chain analysis puts the total affected at approximately 16 million ADA. That figure, at current prices, represents roughly $2.4M, serious, but arguably containable for a platform backed by EMURGO, the commercial arm of the Cardano ecosystem.
SlowMist, the blockchain security firm, tells a different story. Yu Xian (known publicly as Cos), founder of SlowMist, tracked two Cardano addresses he identified as suspected attacker wallets and said the picture is significantly larger.
“The users of this wallet have likely lost over $20M,” Cos said, noting the possible loss may involve more than 129 million ADA and other tokens.
He said on-chain transaction patterns suggested the attacker obtained a batch of mnemonic phrases or private keys and moved funds over many hours, draining larger wallets first before working down to smaller ones.
On-chain community trackers have identified around 178 affected wallets, with suspicious transactions concentrated in the June 21–22 window. No stolen funds have been recovered. SecondFi has not yet published a final technical report or a compensation framework.
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SecondFi’s History Makes This Hit Harder SecondFi is the direct successor to Yoroi, the self-custody Cardano wallet that EMURGO originally launched and positioned as the ecosystem’s primary retail entry point.
When EMURGO rebranded the product as SecondFi, expanding its mandate to spending, trading, earning, and saving, it was listed in Cardano’s official app catalog. This is not a fringe third-party tool. It is a flagship product with institutional backing.
That provenance matters for the broader Cardano crypto security narrative. Ecosystem damage from wallet-layer exploits on other chains has historically been more persistent when the compromised product carried official endorsement.
The Bo Shen $42M wallet hack, which SlowMist later linked to a compromised mnemonic seed phrase, showed how exposure of a seed phrase creates recovery problems that outlast the initial incident.
For context on how the Cardano network itself has evolved during this period of pressure, the recent Van Rossem hard fork mainnet decision signals that protocol-level development continues independently of the wallet-layer crisis.
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Cardano Price Prediction: Three Scenarios ADA’s technical position is fragile. The token has shed roughly 12% over the past seven days according to press-time data, and the $0.15 level represents territory last visited during the 2023 bear market trough. Here is how the path forward splits depending on how the SecondFi audit resolves:
Bull case: The independent audit confirms SecondFi’s lower estimate of 16 million ADA affected; a compensation plan is announced within weeks; and on-chain data show the suspected attacker addresses are not actively selling. ADA retests the $0.20 level as the narrative pivots to ‘contained app-layer incident, chain unaffected.’ The Cardano protocol itself has not been implicated in the flaw. Base case: The audit lands somewhere between the two estimates, SecondFi publishes a partial compensation framework, and ADA consolidates in the $0.13–$0.17 range for several weeks while the market waits for confirmation that attacker wallets are dormant. Recovery is slow but not blocked. Bear case: SlowMist’s 129 million ADA figure is validated, attacker addresses begin distributing funds to exchanges, and no credible compensation plan emerges from EMURGO or SecondFi. Combined with existing governance disputes and the lack of a broader market catalyst, ADA tests the $0.10 level. The reputational damage to the ecosystem’s flagship self-custody tool deters new retail inflows. The North Korea-linked crypto theft pattern documented at the G7 Evian summit illustrates how state-level actors exploit wallet-layer vulnerabilities across multiple chains, a reminder that wallet exploits carry contagion risk beyond any single ecosystem.
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Cardano (ADA) price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength. From a technical standpoint, ADA risks an extended bearish impulse move amid waning recovery momentum.
SecondFi exploit fuels bearish bets on CardanoSecondFi, a Cardano ecosystem project, revealed a security incident involving Cardano’s native web wallet generation software. Following a root cause and blast radius analysis, SecondFi has rolled out a patch for all unaffected wallets. The official data revealed four distinct draining events, resulting in a loss of approximately 16 million ADA across 374 addresses.
Notably, emergency rescue measures were triggered to secure the available 129 million ADA.
Although the situation is gradually returning to normal, retail sentiment remains broadly bearish toward Cardano. CoinGlass data shows the ADA futures Open Interest (OI) is up roughly 5% to $369.46 million over the last 24 hours, suggesting a positional buildup. However, the volume is down 16% to $414.25 million over the same period, while the funding rate is negative at -0.0155%. This indicates that trading activity has eased while the remaining buyers opt to hold short positions at a premium, anticipating deeper losses in the spot market.
ADA derivatives data. Source: CoinGlassCardano extends its bearish impulse moveCardano maintains a clear bearish bias, with price remaining well below the 50-day and 200-day Exponential Moving Averages (EMAs) at $0.2003 and $0.3063, respectively. From a technical perspective, ADA extends a downward trend after testing the midline of an inverse Fair Value Gap (FVG) between $0.2001 and $0.1798. The throwback breaks below the June 6 low at $0.1486, trading at levels last seen since December 2020.
That said, momentum indicators reaffirm the broader bearish bias, with the Moving Average Convergence Divergence (MACD) testing its signal line for a bearish crossover as the positive histograms contract. At the same time, the Relative Strength Index (RSI) around 27 slips back into the oversold territory, implying that immediate downside could slow but not yet suggesting a sustainable reversal.
On the downside, the next notable support aligns with the $0.1281 level last tested on December 23, followed by the prior horizontal floor near $0.1000. Any test near this psychological threshold is likely to attract bargain-hunting interest, although the prevailing trend still favors selling rallies while price trades below the key daily EMAs.
ADA/USDT daily price chart.On the topside, initial resistance is seen at the descending trendline break level at roughly $0.1850, between the FVG ranging from $0.2001 to $0.1798, forming a dense cap that bulls would need to reclaim to ease selling pressure.
(The technical analysis of this story was written with the help of an AI tool.)
A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses.
SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to address the issue.
The company also said it triggered emergency measures that secured roughly 129 million ADA, which is being transferred to an independent third-party custodian and held for affected users pending verification.
The platform on Tuesday estimated that around 16 million ADA, or $2.4 million, was affected across 374 addresses.
Cardano founder Charles Hoskinson said SecondFi is not an Input Output Global product and stressed that there is no ownership, control, or business relationship between the wallet and IOG.
SecondFi traces exploit to an address-level issueSecondFi has not released a comprehensive post-mortem as of publication, but has issued multiple statements confirming a security breach caused by a vulnerability in its Cardano web wallet generation software.
It said the root cause of the incident was an issue at the address level that affects users when they sign transactions.
Source: SecondFi
“SecondFi’s wallet software exposed the private keys it generated,” Mitchell Amador, CEO of security company Immunefi, told Cointelegraph.
Amador said that while the blockchain remained secure, the code that generates the keys is the “part nobody audits like a contract.” He added that attackers have increasingly shifted focus toward infrastructure that creates or stores crypto keys rather than blockchain protocols.
“Recovery to another platform or wallet does not mitigate the risk,” SecondFi said, advising users not to restore their recovery phrases into new Cardano wallets. The guidance differed from recommendations by some community members, who urged users to migrate affected wallets and move funds to newly created addresses.
“We didn’t write the code,” says HoskinsonSecondFi is a self-custodial platform built on Cardano that rebranded from the Yoroi wallet in April 2026. Yoroi was developed by Emurgo, which describes itself as the "for-profit arm of Cardano," and was launched as the first open-source light wallet for the Cardano blockchain.
Hoskinson said IOG’s incident response team has been in contact with SecondFi since Monday and that the platform requested an independent security audit.
Source: Charles Hoskinson
In a Tuesday video posted on X, Hoskinson stressed that IOG “is not Emurgo,” adding that the company has no influence over Emurgo and cannot speak on its behalf regarding the exploit.
“We didn’t write the code and we’re not connected to it,” he said.
Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses.
SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to address the issue.
The company also said it triggered emergency measures that secured roughly 129 million ADA, which is being transferred to an independent third-party custodian and held for affected users pending verification.
The platform on Tuesday estimated that around 16 million ADA, or $2.4 million, was affected across 374 addresses.
Cardano founder Charles Hoskinson said SecondFi is not an Input Output Global product and stressed that there is no ownership, control, or business relationship between the wallet and IOG.
SecondFi traces exploit to an address-level issueSecondFi has not released a comprehensive post-mortem as of publication, but has issued multiple statements confirming a security breach caused by a vulnerability in its Cardano web wallet generation software.
It said the root cause of the incident was an issue at the address level that affects users when they sign transactions.
Source: SecondFi
“SecondFi’s wallet software exposed the private keys it generated,” Mitchell Amador, CEO of security company Immunefi, told Cointelegraph.
Amador said that while the blockchain remained secure, the code that generates the keys is the “part nobody audits like a contract.” He added that attackers have increasingly shifted focus toward infrastructure that creates or stores crypto keys rather than blockchain protocols.
“Recovery to another platform or wallet does not mitigate the risk,” SecondFi said, advising users not to restore their recovery phrases into new Cardano wallets. The guidance differed from recommendations by some community members, who urged users to migrate affected wallets and move funds to newly created addresses.
“We didn’t write the code,” says HoskinsonSecondFi is a self-custodial platform built on Cardano that rebranded from the Yoroi wallet in April 2026. Yoroi was developed by Emurgo, which describes itself as the "for-profit arm of Cardano," and was launched as the first open-source light wallet for the Cardano blockchain.
Hoskinson said IOG’s incident response team has been in contact with SecondFi since Monday and that the platform requested an independent security audit.
Source: Charles Hoskinson
In a Tuesday video posted on X, Hoskinson stressed that IOG “is not Emurgo,” adding that the company has no influence over Emurgo and cannot speak on its behalf regarding the exploit.
“We didn’t write the code and we’re not connected to it,” he said.
Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Cardano (ADA) has dropped to its lowest price since December 2020, and the funding rate heatmap is now showing aggressive short positioning that may lead to a short squeeze if a falling wedge pattern plays out.
ADA value is down 3.8% today, June 24, to trade at $0.146 at the time of writing. Trading volumes had surged by 36% to $458 million per CoinMarketCap data.
Cardano Price Falls to Six-Year Low as Shorts Become Overcrowded A previous Cardano price analysis identified a demand zone near $0.16 that has failed to hold, and ADA is now at its lowest level since 2020. However, short sellers remain unconvinced that the downtrend is over.
The funding rate heatmap for Cardano on Coinglass shows the funding is at -12.65%, making Cardano one of the assets with the highest number of short positions.
But this is not the first time that ADA’s funding rate is falling to such an extreme negative funding because it occurred again on June 22, when the rate dropped to -20%.
Funding Rate Heatmap (Source: Coinglass) The extreme negative in this rate means that the shorts side is getting overcrowded and short-sellers are being forced to pay more to keep their positions open.
The open interest that has increased by 5.47% to $374 million despite the price dropping by nearly 4% also supports that short bets are increasing.
However, these short positions might close if the price of Cardano finds support at the six-year low of $0.145.
Short sellers close their positions by buying. That means that if the price does not drop as they expect it to, they will buy, and this will push Cardano price higher.
ADA Tests Support in Falling Wedge Pattern The price of Cardano is trading within a falling wedge pattern on the four-hour chart, but it is now testing the support at the lower boundary at $0.148.
Dropping below this support at $0.148 will make the bullish outlook that is usually portrayed in this wedge pattern invalid.
However, if Cardano can make three straight closes above $0.148 and then overcome the next obstacle of $0.15, the price might rise by 12% and reach $0.17. This 12% rise is the same as the height of the falling wedge pattern.
ADA/USDT Chart (Source: TradingView) The RSI reading of 29 suggests that the long-term Cardano price outlook is still bearish because sellers are in control.
This outlook will shift if ADA can overcome the obstacle at the 50-day EMA level of $0.16.
Cardano Active Addresses Surge After Exploit A project created on the Cardano network known as SecondFi lost $20 million in a hack, and this is increasing the number of Cardano active addresses.
Data from Santiment shows that the active addresses increased by 120% from 12,953 on June 22 to 28,545 on June 23.
Cardano Active Addresses The rise likely stems from sellers who panicked after the $20 million hack because the 4% drop seen on June 24 shows that demand is still weak.
SecondFi confirmed three external attacks drained 16 million ADA ($2.4 million) from 374 wallets via a flaw in its proprietary wallet generation software; a patch has been rolled out for unaffected users.The team rescued a further 129 million ADA before attackers could reach it, routing funds to a third-party custodian — but blockchain security firm SlowMist estimates total losses could still exceed $20 million pending an independent audit.Users cannot protect themselves by moving their seed phrase to another wallet; the vulnerability activates at the address level when a transaction is signed, and affected users must submit claims directly to SecondFi.SecondFi, the Cardano wallet formerly known as Yoroi, says it has patched a major exploit that drained roughly 16 million ADA, worth approximately $2.4 million, from 374 user wallets across three separate attacks.
The root cause was a flaw in SecondFi's proprietary wallet generation software. The vulnerability sits at the address level, meaning simply moving a seed phrase to another wallet offers no protection. "The security risk occurs when an affected user signs a transaction," the team said on X.
Before attackers could reach a further 129 million ADA, SecondFi said it triggered emergency rescue measures, routing the funds to an independent third-party custodian. An external accounting firm has been engaged to verify those holdings and affected users can submit claims to SecondFi.
Blockchain security firm SlowMist estimates total losses could exceed $20 million when accounting for the full range of compromised wallets and tokens, a figure that remains unconfirmed pending an independent audit.
Cardano founder Charles Hoskinson acknowledged the incident but noted the dollar amount was modest relative to other crypto hacks, though he stressed that offered little consolation to those affected. "It hurts them whenever they lose anything," he said. "This is the unfortunate reality of crypto."
ADA is currently trading around $0.15, its lowest level since 2020.
The American Arbitration Association (AAA), Integra Ledger, and a coalition of major technology, blockchain, and enterprise organizations have unveiled the Legal Context Protocol (LCP), a new open standard intended to bring legal certainty and dispute resolution capabilities to AI-driven transactions.
The founding coalition includes Google, IBM, Circle, Wayfair, Stellar Development Foundation, Ava Labs, UiPath, Cardano, Hedera, Aptos Foundation, Crossmint, Mysten Labs, Sei Labs, and other ecosystem participants. Supporters argue that as trillions of dollars in future business transactions become intermediated by AI agents, legal infrastructure will be necessary to ensure accountability and trust.
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The initiative comes as AI agents become increasingly capable of negotiating services, managing procurement, and executing payments autonomously.
While payment, identity, and coordination protocols for AI agents are rapidly developing, supporters of LCP argue that a critical legal layer remains missing. Transactions completed by AI agents often lack verifiable contractual terms, clearly defined governing law, and established mechanisms for resolving disputes.
LCP is designed to fill that gap by enabling AI-powered transactions to include discoverable and verifiable legal terms, consent records, jurisdictional information, and recourse procedures. The protocol complements existing agentic commerce infrastructure, including payment standards such as x402 and the Machine Payments Protocol, as well as agent coordination frameworks like A2A and Verifiable Intent.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In yet another rather concerning development for the already struggling Cardano (ADA) ecosystem, the DeFi project SecondFi has been the victim of a significant exploit. The security breach was traced back to a vulnerability in the project’s proprietary wallet generation software, which permitted unauthorized access to funds held in several user wallets.
This has led to varying estimates of the financial damage incurred. The incident highlights the vulnerabilities that can arise even in projects built on established and secure blockchains like Cardano.
According to analysis by the security firm SlowMist, the incident may have involved the movement of more than 129 million ADA tokens as well as other digital assets through attacker-controlled addresses.
With ADA trading at approximately $0.1502 and down 3% over the last 24 hours, this represents a value of roughly $19.4 million for the ADA portion.
SlowMist founder Yu Xian has stated that overall losses, factoring in the additional tokens, likely exceed $20 million.
SecondFi’s own estimate is lower, at about 16 million ADA, with the discrepancy expected to be resolved through an ongoing independent review.
The flaw was specific to SecondFi’s custom software and did not involve any weakness in Cardano’s base layer protocol.
The project has already completed an on-chain analysis to determine the extent of affected addresses and is engaging an independent blockchain security firm for a thorough technical assessment.
Such infrastructure-focused attacks have been on the rise in 2026.
Recent examples include private key breaches that caused sharp declines in token values and software-layer issues in bridge protocols.
These cases highlight that even audited projects can face risks from flaws in their built-on tooling.
This latest incident comes at a difficult time for Cardano. The ADA token continues to trade near its lowest levels seen in five years.
Charles Hoskinson has put forward a rescue plan involving governance reforms to help stabilize and grow the network, but many holders remain doubtful about its prospects.
In his response to the SecondFi exploit, Hoskinson acknowledged that the losses, while smaller than some other notable crypto hacks, are deeply troubling for those impacted.
He noted that some users could have lost their entire ADA positions, calling it an unfortunate reality of operating in this space.
The news broke just one day after the launch of Cardano’s Leios Musashi Dojo testnet.
Current on-chain data shows little evidence of a meaningful uptick in activity following the launch.
This security event may therefore make it harder to draw in new developers and liquidity providers to the ecosystem as it seeks to rebound.
With the independent review in progress, more precise information on the losses and any recovery plans is anticipated soon.
The situation emphasizes the vital need for comprehensive security practices in all aspects of blockchain-based projects and decentralized finance applications. It also serves as yet another cautionary and painful reminder for the broader crypto industry about the importance of ongoing security audits and robust development practices for protecting user assets.
Over the past decade, Ford Motor Company (F 1.14%) has seen some high highs and some low lows. It has won numerous awards for its lauded F-Series trucks and developed its Ford Pro commercial division into a consistent higher-margin business.
The company has also delivered highly successful new nameplates such as the Maverick, revived another successful model in the Bronco, and recently unveiled Ford Energy to focus on battery storage systems. It even recorded some of its most profitable years in history over the past decade.
What the company hasn't done is reward investors with a higher valuation or rising stock price. In fact, its roughly 7% increase over the past decade is downright abysmal. Despite that gloomy performance, the future should be brighter: Here are three forward-looking reasons Ford could still warrant a buy today.
1. A margin of safety One bright spot for most of Ford's history has been its often lucrative dividend. It currently sits at a robust 4.25%, well above the S&P 500 average, and has a couple of unique attributes.
One that some investors aren't aware of is that the Ford family has a special class of shares that receive the common dividend as well as special voting rights. The family generates much wealth from these dividend payouts, which align the interests of shareholders and ownership. Both would prefer the dividend to increase and only be cut in dire circumstances.
Another intriguing attribute is that in recent years, cash flow has been mostly strong, and when cash is aplenty, the company has at numerous times awarded a special dividend that can boost value returned to shareholders. To understand how valuable the dividend is to investors, especially when Ford's stock price is stuck in neutral, compare its share appreciation alone versus total returns over the long term.
F data by YCharts.
Including its dividend, Ford offered some margin of safety compared to its price appreciation alone. While it still lags the broader market returns, investors can still bank on the dividend to provide strong value.
2. A Model T moment Management has been busy hyping its upcoming Universal EV Platform as well as its new "assembly tree" production process that it will begin using next year. The new platform will be flexible enough to support multiple vehicle styles and will use techniques to drastically reduce the number of parts in production and costs.
The universal platform will debut on the company's next electric vehicle, a $30,000 midsize truck, aimed at an early 2027 release. Management has worked diligently to bring down other EV costs (including expensive batteries), and the universal platform and new production process mean that the vehicle is expected to be profitable early in its life cycle, even at such a low price point.
Today's Change
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-0.16
Current Price
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This is notable for two reasons. First, it enables Ford to take a giant step forward in reversing billions in EV losses annually, and prepares it for a future that will see increasing EV demand. Second, its innovation and cost efficiencies are preparing it to compete head-on with the advanced and affordable Chinese competition it will face around the world -- and perhaps eventually on its home turf.
The jury is still out on whether or not this is truly a Model T moment, but these developments will be crucial for the automaker to thrive as the universal platform underpins a long list of vehicles.
3. Enter Ford Energy Unless you've been hiding in a cave -- and some end-of-days scenarios might make you want to -- you know that artificial intelligence (AI) has swept the globe in performance improvements matched only by its growing hype. Powering this evolution in AI are huge data centers that need immense computing power and energy
A Ford battery storage system. Image source: Ford Motor Company.
They also need reliable battery storage systems to help mitigate costs during peak hours and provide backup power to prevent downtime. And that's where Ford Energy comes in, with its new battery energy storage system (BESS), which the automaker has discreetly developed over the past few years.
Management aims to deploy roughly 20 gigawatt-hours annually, with the first customer deliveries beginning late 2027. The announcement quickly sent Ford shares higher last month, and Wall Street was quick to support the strategic initiative. Analysts believe Ford Energy could generate $3 billion in incremental revenue and $500 million in operating profit by the end of this decade.
Turning the corner No, Ford has not been a great long-term investment over the past decade, and it has certainly disappointed investors despite its numerous accomplishments and highly profitable years.
That said, Ford has a real energy business in the works, one that makes sense and fits its manufacturing experience, and which can generate incremental bottom-line profits. It has also innovated its production process and developed a much more cost-efficient platform for the future of its EVs.
While investors wait for the stock price to gain traction and earn a higher valuation, the company's dividend offers a margin of safety that will continue to provide shareholder returns. For those reasons, the next decade should be much better for Ford investors.
Cardano’s (ADA) price dropped more than 4% in the last 24 hours, sliding toward $0.14. According to data from Brave New Coin, ADA is trading near its intraday lows, with a market capitalization of $5.34 billion and a 24-hour trading volume exceeding $558 million.
Short-term selling pressure intensifiesDuring intraday trading, ADA fluctuated within the $0.14 to $0.15 range but remained stuck at the lower end. This behavior signals a lack of buyer momentum in the short term, and suggests that bears continue to exert pressure on ADA’s price.
Market observers point out that the key support zone between $0.148 and $0.150 has been breached, turning it from a support into a near-term resistance area for ADA.
Analysis shared by BullifyX highlights that the $0.148 to $0.150 band is now being monitored as the first resistance zone. If ADA manages to reclaim and hold above this band, a recovery toward $0.155 and then $0.161 could be possible. However, as long as prices stay below $0.150, risks continue for further declines toward $0.136 and potentially $0.127.
Fibonacci levels point to new downside targetsTechnical analysis by Crypto CCK, based on a four-hour chart, indicates that ADA has slipped below the $0.1516 Fibonacci extension level. The next likely downside targets are $0.1369 and $0.1278, according to this analysis.
Glossary: Fibonacci extension levels use specific ratios in technical analysis to determine possible future support and resistance areas. These levels often help forecast potential target zones once price moves beyond previous extremes.
The same chart notes that regaining the $0.1619 level is a critical recovery threshold. Without a breakout above this mark, ADA’s short-term structure remains evidently weak, and further consolidation or sell-offs remain likely.
Broader trend remains bearishA monthly chart provided by Overkill Trading reveals that ADA continues its downward momentum in the broader time frame. The price is hovering near $0.140, with a clear pattern of lower highs and lower lows, indicating a sustained bearish trend.
Monthly technical indicators remain weak, and analysts stress that minor rebounds may not be sufficient to trigger a clear trend reversal. A more meaningful recovery for ADA would require the asset to surpass key resistance zones.
Further complicating sentiment, news of a security breach linked to SecondFi has amplified market concerns. This development has added to the already fragile technical landscape, creating additional downward pressure for ADA.
Key support and resistance levels in focusAccording to analysts, the most crucial near-term support cluster sits between $0.138 and $0.140. Preserving this region could allow ADA to attempt a return to the $0.148 to $0.150 resistance area. Should prices fall below $0.1369, the $0.1278 level becomes vital support. Failure to defend this zone could expose ADA to an extended risk of dropping toward $0.120—a much broader danger zone.
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.
PANews reported on January 28th that NEO founder Da Hongfei posted on the X platform that he had just concluded a 2.5-hour strategic meeting with the NGD team—clarifying misunderstandings, integrating community feedback, and strictly adjusting priorities. The task was simple: launch assets and build applications.
Assets (Fuel): Stablecoins and bridges define the development path; collaborations with top protocols such as LayerZero and Wormhole will be sought to provide liquidity for Neo N3 and Neo X. The near-term goal is to deploy emerging stablecoins such as USDT0 and USD1, paving the way for universal liquidity through USDT and USDC. Applications (Engine): By 2026, the adoption of blockchain will be driven by applications. NGD is targeting the untapped market of artificial intelligence. It will leverage Neo X and SpoonOS as its framework to strengthen its proxy infrastructure, enabling the delivery of viable, market-driven products. The debates were complex and varied, but the goal was clear. Ultimately, every action we took was aimed at empowering NEO and GAS.
Institutions: Micron’s long-term agreements reduce industry cyclical volatility.
Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.
1 seconds ago
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
1 seconds ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
1 seconds ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
1 seconds ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Institutions: Micron’s long-term agreements reduce industry cyclical volatility.
Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.
1 seconds ago
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
1 seconds ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
1 seconds ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
1 seconds ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
1 seconds ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Institutions: Micron’s long-term agreements reduce industry cyclical volatility.
Quilter Cheviot strategist Ben Barringer said that Micron Technology’s extremely strong earnings show that the traditionally cyclical memory chip market is becoming more reliable. This performance further confirms the fact that demand for memory chips far outstrips supply. More importantly, Micron’s shift toward signing long-term agreements with clients provides the group with more stable profitability and makes it less vulnerable to sharp demand fluctuations. These long-term agreements actually set price ceilings and floors, require clients to commit to taking supply, and smooth out the historically highly cyclical market.
1 seconds ago
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
1 seconds ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
1 seconds ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
1 seconds ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
1 seconds ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
