Track market-moving stories before they get noisy

Ethereum Price Eyes Mid-Week Bounce as Selling Pressure Craters 85%

Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades into another corrective wave. 

Solana Corrective Recovery Scenario Begins To Take Shape Focusing on the 1-hour timeframe, Elliott Waves Academy identifies a potential short-term recovery for Solana. This corrective move is modeled as wave (2)/(B), likely taking the shape of a complex double zigzag structure as the market attempts to stabilize after recent downward momentum.

To confirm this recovery path, a decisive breakout above the upper boundary of the current diagonal pattern is key. Additionally, clearing the key resistance level tied to the previous bearish wave would significantly bolster the case for this upward correction, which is expected to evolve within the defined price channel shown on the chart.

Source: Chart from Elliott Waves Academy on X The primary target for this relief rally resides within the 50% to 61.8% retracement zone of the preceding decline, with potential for an extension up to the 78.6% level. Ultimately, the structural outlook depends on how the price interacts with this resistance zone. 

If the recovery gives way to renewed selling, the area will likely act as a focal point for seller concentration. However, should the market establish higher lows and follow up with a series of impulsive waves, the trend would shift toward sustained upside potential.

Solana Remains Stuck Inside Broad Range Structure MCO Global DE noted that Solana continues to trade sideways within the same broad range structure that has controlled price action for several months. According to the analysts, the market still lacks a convincing breakout signal, while recent movement on the lower timeframes is dominated by short-term noise.

The expert explained that the leading scenario remains largely unchanged, with several important support zones continuing to hold. Immediate support is seen around $81.28, while significant support regions remain between $71.92 and $77.96. MCO Global DE added that another short-term dip cannot be ruled out before Solana attempts a renewed recovery within the larger B-wave structure.

At the same time, the analysts warned that the market remains vulnerable to deeper corrective movement as long as the key resistance around the $96 level remains intact. Overall, MCO Global DE believes Solana is still trapped inside a large range-bound structure, with no clear confirmation of a larger bullish breakout at this stage. Until buyers successfully overcome the major resistance levels, particularly near $96 and eventually $110, the broader market outlook is expected to remain cautious and neutral.

SOL trading at $87 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pxfuel, chart from Tradingview.com

Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries. 

Solana Records An Unprecedented Eight Consecutive Red Months In a recent market analysis, Crypto Patel highlighted a remarkable development in Solana’s price history. SOL has now posted eight consecutive red monthly candles, marking the first time such a streak has occurred since the cryptocurrency was launched. This rare event could provide valuable clues about where the market stands within its broader cycle.

Drawing comparisons to the previous bear market, the analyst recalled Solana’s dramatic decline from its 2021 all-time high near $260 to a low of approximately $8. During the downturn, SOL produced 9 monthly red candles in total, but they were not consecutive. Notably, the 9th red candle marked the cycle bottom, after which SOL embarked on a powerful recovery that ultimately pushed the asset to a new all-time high around $295.

Source: Chart from Crypto Patel on X Patel pointed out that the current setup shares some similarities with that of the earlier period, but with notable differences. Solana has already fallen from roughly $253 to $67 while recording 8 straight months of losses, with the 9th monthly candle currently taking shape.

While cautioning that it is still too early to draw firm conclusions, the analyst suggested that a repeat of the previous cycle’s behavior could signal the emergence of a macro accumulation zone at the $50–$80 range. A repetition of this pattern raises the possibility of SOL surging to higher levels between $500 and $1,000 during the next major market expansion.

Ending Diagonal Pattern Hints At A Potential Trend Reversal On the 4-hour timeframe, Elliott Waves Academy has identified that Solana is currently forming an ending diagonal pattern. This structure represents the wave 5 of a bearish impulse, which is nested within a larger-degree impulse sequence, suggesting the asset is nearing the conclusion of its immediate downward trajectory.

The recovery outlook will be confirmed once this pattern is finalized, specifically through a clean breakout of a key level and the upper boundary of the pattern. Once established, this confirms the beginning of an upward corrective wave. Based on the length of the preceding wave, the price is ideally projected to target the ratios outlined on the chart as it attempts to stabilize.

While the initial targets are clear, the upward movement is likely to extend further depending on evolving market developments. If the price breaks decisively above the wave peak, it would significantly strengthen the bullish scenario, paving the way for a more substantial recovery.

Other technical factors bolstering this bullish outlook are a clear five-wave impulse structure representing wave (1)/(A), alongside a strong reversal pattern forming near the diagonal’s lower boundary. Furthermore, the internal corrective movements observed are consistent with the formation of the expected diagonal.

SOL trading at $79 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pixel Plex, chart from Tradingview.com

XRPL Commons, an organisation focused on nurturing a strong and vibrant XRPL ecosystem, has launched "Make Waves on XRPL," a 90-day competition offering 50,000 $XRP to developers who ship live applications on the XRP Ledger mainnet. The contest runs from June 22 to September 21, 2026.

How the Competition WorksThe format deliberately differs from a classic hackathon. Participants are expected to deploy real applications on the XRPL mainnet. No prototypes are accepted. Products must demonstrate real users and measurable on-chain volume. Weekly webinars and office hours run on Wednesdays and Fridays throughout the programme, while a weekly leaderboard evaluates user growth and blockchain activity on an ongoing basis. Target categories include payments, DeFi, developer tools, and consumer apps.

A Path Into the Aquarium IncubatorThe competition also serves as a pipeline into a longer-term programme. Teams with particularly strong projects may subsequently be admitted to the Aquarium, XRPL Commons' incubator. Since 2023, XRPL Commons has hosted the Aquarium, a unique incubator programme based in Paris, France, supporting startup projects building within the XRPL ecosystem. The organisation supports builders through training and active collaboration, with a focus on innovative XRPL projects.

The competition's emphasis on live, production-grade applications reflects a broader push across the XRPL ecosystem to move beyond theoretical development. Since 2021, ecosystem efforts have included hackathons, builder bounties, XRPL Grants, and the XRPL Accelerator, supporting nearly 200 projects worldwide across developer infrastructure, payments, DeFi, tokenization, AI, gaming, and enterprise financial applications.

Sources:
XRPL Commons – Official Website
The Aquarium Incubator – XRPL Commons
Supporting Innovation on the XRP Ledger – Ripple

Posted: April 6, 2020

Steem [STEEM]:

Undeterred by the centralization conflicts that had engulfed the Steem ecosystem and Tron Foundation’s Justin Sun, for the most part, STEEM has continued with its upward trajectory. However, the current indices tell a different picture.

At press time, it was priced at $0.179 after a drop of 3.93 over the past 24-hours. STEEM further registered a market cap of $65.9 million and a 24-hour trading volume of $9.30 million.

Resistance: $0.297

Support: $0.110

MACD: The MACD line moving above the signal line depicted a bullish trend for STEEM in the near term.

CMF: The CMF lying the bearish territory indicated the outflow of capital from the STEEM market.

Huobi Token [HT]:

Despite this year’s expansion plans of the crypto exchange, Huobi, its native token – HT, has, so far, failed to reciprocate positively. However, there could be trend reversal in the offing.

HT registered a market cap of  $837.2 million and a 24-hour trading volume of $150.3 million, at press time It was valued at $3.71 after a surge of 4.68% over the past 24-hours.

Resistance: $4.103, $5.041

Support: $2.394

Parabolic SAR: The dotted markers were below the price candles which indicated a bullish phase for the Huobi Token

Awesome Oscillator: The closing green bars of the AO also aligned with the bulls.

Enjin Coin [ENJ]:

At press time, Enjin Coin [ENJ] was priced at $0.096 after a surge of whopping 7.27% over the last 24-hours. It registered a market cap of $78.93 million and a 24-hour  trading volume of $7.11 million.

Resistance: $0.146

Support: $0.043

Klinger Oscillator: The KO pictured bears weighing in on the coin’s price in the near-term.

RSI: The RSI, however, was well above the 50-median neutral zone depicting a bullish sentiment among the investors in the ENJ market.

Steem Soft Forks Might Impound 17.6M Tokens Owned by Former Witnesses

Posted: April 7, 2020

Several altcoins that were off to a good start in January experienced massive fluctuations as they entered February and March and given the recent market crash, all cryptocurrencies incurred huge amounts of losses. However, altcoins like Stellar and Nano are currently aiming at an upward trend while Steem continues the bearish run.

Stellar

Stellar that has been trending upwards since the start of 2020. The price fell down by 47% after the March 12th crash. However, a 25.3% rise was recorded on April 1; the coin has been maintaining the support at $0.03 since then. CMF indicator which rests at 0.10 hints at a continued upward breakout.

Resistance: $0.052, $0.06, $0.07, $0.08
Support: $0.042, $0.035, $0.031

At press time

Price: $0.04
Market Cap: $894,454,087
24-hour Trading Volume: $345,268,028

Nano

Nano, the 53rd coin as per CoinmarketCap has been trending upwards since March 16, and the coin has recorded an increase breaching all major supports. With the recent price increase by 56%, the coin has continued to maintain support at $0.57. Awesome oscillator indicator which rests above the zero level indicates a possible upward breakout. Additionally, Bollinger Bands seem to contract, which signals lower volatility in the coming days.

Resistance: $0.52, $0.577, $0.66
Support: $0.43, $0.39, $0.31

At press time

Price: $0.60
Market Cap: $80,053,761
24-hour Trading Volume: $5,936,943

Steem

Steem was off to a good start at the beginning of 2020, however, the market crash on March 12, pushed the price down by 50%.  However, on April 3, the coin rose up by 36% only to start another downward run. The descending triangle pattern formed indicates another downward breakout. Additionally, MACD indicator confirms the downward breakout.

Resistance: $0.19, $0.21, $37
Support: $0.16, $0.13, $0.11

At price time

Price: $0.17
Market Cap: $63,173,982
24-hour Trading Volume: $4,716,986

Posted: April 9, 2020

Over a week into April, most altcoins are continuing to perform favorably. In fact, recovering from the price crash in March, altcoins such as Bitcoin Cash, Dogecoin, and Steem were among the ones to post gains this past week. However, in the case of Steem, the price hasn’t been as lucky as the rest.

Bitcoin Cash [BCH]

Bitcoin Cash underwent its block reward halving over 24 hours ago. Over the past week, BCH’s price surged by over 18 percent, with its trading price at press time recorded to be $264. At the same time, BCH had a market cap of $4.8 billion and a 24-hour trading volume of $4.6 billion.

If the bullish momentum were to continue for BCH, the coin would soon test the resistance at $281. However, if a reversal were to take place, there will be two points of support at $251 and $233, supports that can stabilize the price of the coin.

The MACD indicator looked bearish for BCH, after having undergone a bearish crossover with the signal line going past the MACD line. The RSI indicator echoed a similar sentiment, with the indicator heading towards the oversold zone.

Dogecoin [DOGE]

Not many memes turn into cryptocurrencies, let alone a fairly popular one. Over the past week, Dogecoin gained by 14 percent, bringing its trading price to $0.0020. At the time of writing, Dogecoin had a market cap of $250 million and a 24-hour trading volume of $111 million.

After its massive price drop in March, the coin was observed to be continuing on its recovery run. If upward momentum persists, Dogecoin may soon try and breach the resistance at $0.00197. In case things don’t go so favorably, there will be two points of support at $0.00193 and $0.0018.

The Bollinger Bands were expanding on the charts, showing increasing levels of volatility for the coin, with the moving average acting as support for the price. The CMF indicator, however, continued to be in the neutral zone after having indicated selling pressure in the past.

Steem [STEEM]

The fortunes of the other two altcoins haven’t spilled over to Steem. After having registered a significant surge at the start of April, Steem has continued to move sideways. Over the past week, the price of Steem rose by a small margin only – over 2 percent, bringing its trading price to $0.172, close to testing its support at $171, at the time of writing.

There was also another support at $0.161 if the price were to begin a downtrend. Taking precedent into account, the next point of resistance for Steem was at $0.196.

The EMA ribbon for the coin was offering support for the press time price of Steem. The MACD indicator, on the other hand, continued to indicate further price drops as it had undergone a bearish crossover on the charts.

Dan Hensley, a major stakeholder in Steem has just recently levied accusations against Justin Sun.  According to a write-up published last week, the CEO had actually bribed his way to the top of the Steem hierarchy through money and power. Dan Hensley, a major stakeholder in Steem has just recently levied heavy accusations against the founder and CEO of Tron, Justin Sun. According to a write-up published last week on the 8th of April, the CEO had actually bribed his way to the top of the Steem hierarchy through money and power.

The platform was actually subject to a takeover by the Tron founder at the start of March this year. Many uses saw this as a hostile takeover. The allegations from the stakeholder give new information on how the CEO allegedly influenced big users on the platform into doing his bidding. No one from Tron has yet commented on the story as of yet.

Just as this starts to sound like something out of a science fiction film, Hensley talked about Sun’s intentions in order to circumvent an established community and their voting rules. 

He further said the following:

“Justin was losing the voting war halfway through and started offering people $2,500 each month to run a witness node for him on Steem. I own a dApp called 3speak that was on Steem, he offered us money, power and users.”

He further said that the founder of Tron looked to cut up the decentralized sorting model on the platform by paying its users to vote for witnesses that he had himself, set up. Essentially, he was accusing him of bribery.

“He said all we had to do was get people to stop voting for the community witnesses and vote for his witnesses. We refused. He also was bribing users in Discord saying anything they wanted to hear for votes.”

For more news on this, the TRX price and other crypto updates, keep it with CryptoDaily!

Tagged:

editor-in-chief

Posted: April 16, 2020

The cryptocurrency market is one that has a host of altcoins existing under its umbrella. However, not every crypto in the market reports movements independent of each other. In fact, a majority of them remain significantly under the influence of Bitcoin, the world’s largest cryptocurrency, which is why many such altcoins often record similar market trends. The cases of Cardano, IOTA, and Steem are very much the same.

Cardano [ADA]

Cardano, the 15th ranked crypto on CoinmarketCap, has not always lit the community on fire with its rapid price movements. Cardano has, however, revealed a host of developments recently, all of which have been received very well by Cardano’s very vocal community. In fact, just recently, IOHK’s Charles Hoskinson’s announcement revealing that the Byron reboot went ahead without any issues was greeted very well by many. At the time of writing, Cardano was trading at a price of $0.03, having recorded a fall of over 10% in the last 10 days.

However, surprisingly, the fall in value took its own sweet time being reflected on the MACD indicator, with a bearish crossover yet to come. Further, the uniformity of the Bollinger Bands would suggest that volatility is going to be low over the next few days for ADA.

IOTA 

IOTA, once a regular entry in the top 10 of the cryptocurrency charts, was languishing at 25th on CoinMarketCap’s charts. At the time of writing, IOTA was being traded at a price of $0.152, with the token having fallen by over 11% over the last 7 days.

Here, it is interesting to note that IOTA’s aforementioned fall followed a period of relative growth that followed the Crypto Ratings Council, a self-governing body committed to a framework for digital asset adoption in the United States, giving IOTA a score of 2.0. At the time, IOTA had welcomed the same, claiming,

“This is a strong score for the IOTA technology, community, and ecosystem, as it shows our commitment, since day one, of positioning the IOTA token as a real-world value transfer mechanism between humans and devices in the machine economy.”

That being said, the technical indicators for IOTA weren’t so skeptical. While the Parabolic SAR remained bullish, the Awesome Oscillator suggested the lack of momentum in the market.

Steem

At the time of writing, the token was inching towards stabilizing its position in the market, with STEEM priced at $0.149. However, while some stability was found, the token was still dangerously close to its level of support that is placed at $0.109. Despite the token maintaining its level to some degree, it did register a fall of almost 14% over the past 7 days.

The aforementioned hint of stability was evidenced by the token’s technical indicators. While the Relative Strength Index had evened out on the charts, the Chaikin Money Flow had, at the time of writing, inched just above 0.

Base set for ‘material share’ of SocialFi activity: Franklin Templeton

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To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit

Binance Surpasses 200 Million Users, CEO Richard Teng Eyes 1 Billion Milestone

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Spartan Metals Corp. (TSXV: W) (OTCQB: SPRMF) (FSE: J03) ("Spartan" or the "Company") is pleased to announce assay results from recent sampling conducted at its past producing Antelope Mine within the Rees Claims at its 100% owned Eagle Project, Nevada (Figure 1).

Highlights:

Backpack core drill sample returned 688 g/t silver (Ag) over 0.3 meters (m), with 0.67% copper (Cu), 1,336 ppm arsenic (As), and 0.30% antimony (Sb) (Table 1)Surface rock sampling returned: Ag above 1,000 g/t (29.2 troy ounce/ton) including:1,510 g/t, 1,779 g/t, 1,927 g/t, 1,569 g/t, 1,674 g/t, and 1,234 g/tSb above 0.2% (2,000 ppm) including:0.67%, 0.61%, 0.58%, 0.21%, 0.21%, 0.23%, and 0.25%Cu above 1% including:1.64%, 1.46%, 1.48%, 1.83%, and 1.10%Surface sampling results defined an area approximately 1.3 kilometers (km) by 0.6 km which is significantly larger than the existing mine extent which produced along strike of approximately 50 meters (m)1.Brett Marsh, Spartan's President and CEO, stated, "The grades returned from both the backpack core drilling and surface sampling programs demonstrate the strength of the mineralizing system at Antelope and significantly expand our understanding of its potential scale. Particularly encouraging are the numerous silver values exceeding 1,000 g/t, accompanied by elevated antimony and copper, across a mineralized footprint measuring approximately 1.3 kilometres by 0.6 kilometres, which is substantially larger than the historically mined extent, which was limited to approximately 50 metres along strike."

Mr. Marsh continued, "The presence of silver, antimony, and copper across such a broad area highlights the opportunity for a larger mineralized system than previously recognized at Antelope. From a strategic perspective, the occurrence of antimony is especially noteworthy given its growing importance to U.S. critical mineral and national security initiatives. These results continue to support our exploration model for the Eagle Project and reinforce the potential for multiple mineralized systems across the Project. Moving forward, our focus will be on evaluating the continuity, controls, and broader extent of mineralization as we advance our understanding of the district-scale potential of the Eagle Project."

The backpack drill hole and surface samples were collected as part of the exploration program announced on May 21, 2026. The portable backpack diamond core drilled a 36.4-millimeter (mm) diameter core and rock chip/channel sampling. The backpack drill is intended to rapidly evaluate potential drill locations prior to mobilization of larger diamond core drills (Figure 2). Figure 3 shows the location of the backpack drillhole and rock chip/channel sample locations.

Hole STS-26-008 was collared within a surface exposure of the Antelope vein and was collared about 30 meters (m) away from the Antelope mine portal adjacent to a prospect pit (Figures 3 and 4). The drill hole was advanced approximately 0.3 m into the Antelope vein (Figure 5) before weather paused drilling. Continuation and/or follow up drilling at this location is planned. True thicknesses/widths of mineralization are unknown as further definition is required to define the mineralization orientations.

Sample An-2026-001 (Figure 6) was channel sampled from vein material at surface near the historic workings and returned exceptionally high silver values together with elevated antimony and copper concentrations that may be indicators of proximity to more extensive silver mineralization. The Ag-Sb-As mineral assemblage observed in both samples is consistent with mineralization described from historical production records1.

Additional rock chip samples taken in 2024 and 2025 field programs are shown in Figure 4 and illustrate significant Ag, Cu, Sb, and As vein mineralization over an area approximately 1.3 km by 0.6 km. Spartan is currently assessing expansion of its ongoing geophysics program to include the past producing Antelope Mine area to potentially further define the lateral and vertical extent of the Ag, Cu, Sb, and As mineralization.

Next Steps

Spartan will continue to execute its 2026 exploration program as discussed in the May 21, 2026, announcement including:

Continued surface sampling of soils and rocks - including continued backpack drilling - over claims acquired in November 2025 to potentially extend previously identified tungsten, silver, and rubidium soil anomalies at the Tungstonia.Continued rock sampling and backpack core drilling at the Rees Claims to cover the past producing Rees Tungsten and Antelope Mine areas.Evaluation of geophysics program for the Rees Claims.In Process: Ground geophysics surveys at the Tungstonia Claims to inform depths of existing 2+ km tungsten-silver veins and potential tungsten skarn mineralization that is coincident with tungsten-silver-rubidium soil anomalies and at Yellow Jacket.Early to mid-August: Approximately 3,000 meters (m) diamond core drilling at high priority targets identified through surface sampling and geophysics surveys at the Eagle Project.Table 1 Sample results from Antelope Mine (holes drilled vertically).

Sample IDAg 
(g/t)Cu (%)As 
(ppm)Sb (%)Sample typeSTS-26-0086880.671,3360.30Core 0.3 m

An-2026-0011,5101.642,9300.67channel sample across veinAn-250011,7791.462,8660.61Rock chips/mine dumpTG-RK-GA-0011,9271.484,1760.58Rock chip/mine dumpTG-RK-GA-0048801.834,2100.12Rock chip/mine dumpTG-RK-GA-0052830.599450.05Rock chip/mine dumpTG-RK-GA-0086060.771,1870.21Rock chip/mine dumpTG-RK-GA-0091,5960.901,0150.21Rock chip/mine dumpTG-RK-GA-0101,6740.493940.14Rock chip/mine dumpTG-RK-GA-0111,2340.861,2590.23Rock chip/mine dumpTG-RK-GA-0148711.107920.25Rock chip/mine dump

Figure 1 Location map for the Eagle Project showing the Rees and Tungstonia claims

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12484/302730_spartan1.jpg

Figure 2 Spartan Metals' President and CEO, Brett Marsh drilling into Antelope Vein outlined in white. Malachite (green) and azurite (blue) visible in the face of a prospect pit above the Antelope Mine

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12484/302730_4e275c5aa49469de_002full.jpg

Figure 3 Rock chip and backpack core hole locations

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https://images.newsfilecorp.com/files/12484/302730_4e275c5aa49469de_003full.jpg

Figure 4 Antelope Mine with schematic of underground workings of the Antelope Mine2 overlain on imagery showing backpack drill and rock sample locations.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12484/302730_spartan4.jpg

Figure 5 Hole STS-26-008 Antelope vein showing malachite (green), azurite (blue), and tetrahedrite (black specks) minerals that bear the Cu, Ag, and Sb

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12484/302730_4e275c5aa49469de_005full.jpg

Figure 6 Portion of channel sample (An-2026-001) from near Antelope Mine portal showing malachite (green), azurite (blue), and tetrahedrite (black) minerals that bear the Ag, Cu, and Sb

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12484/302730_4e275c5aa49469de_006full.jpg

QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IO-4AB51 (51 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES plus IM-4ABEx ICP-MS for Rb. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan's QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company's Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

Investor Relations Agreement

Pursuant to our announcement on June 9, 2026 with the Howard Group, the agreement contained a recommendation for a media advertising package that requires a one-time set up cost of CAD $5,000 that has not been paid as of this release.

Qualified Person Statement

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

References

1 Gentry G., G., and Pampeyan E., H., 1955, DMEA 3654 Rees Mining Company Antelope Mining Claims, White Pine County, Nevada

2 Nevada Bureau of Mines and Geology, 1988, Bulletin 105 p213-217

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten ("W") and Rubidium ("Rb") districts in the United States. The Project consists of the past-producing (2) high-grade Tungstonia, Yellow Jacket, and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these mines totaled 8,379 units at grades between 0.6%-0.9% WO3

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims.

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan's high quality project portfolio includes an option to earn 100% of the Victorio Tungsten-Molybdenum Project in New Mexico and the 100% owned Eagle Tungsten-Silver-Rubidium Project in Nevada. Victorio hosts the largest tungsten resource in the United States and contains significant concentrations of beryllium and fluorspar, while the Eagle Project consists of the highest-grade historic tungsten resource in the USA which includes significant under-defined resources consisting of: high-grade silver; rubidium; antimony; bismuth; indium; as well as precious and base metals, and more information about Spartan Metals can be found at www.SpartanMetals.com

On behalf of the Board of Spartan
"Brett Marsh"
President, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release

Forward Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company's projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302730

Source: Spartan Metals Corp.

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Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." -------- More on Bloomberg Television and Markets Like this video?

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U.S. stock futures pointed higher after Micron Technology's expectation-thumping earnings reignited optimism in the AI boom.

Micron reported adjusted earnings of $25.11 per share, beating the analyst consensus estimate of $20.78, on revenue of $41.46 billion. Adjusted gross margin was 84.9%.

For the fiscal fourth quarter, the company forecast adjusted earnings of about $31 per share on revenue of approximately $50 billion.

CEO Sanjay Mehrotra said Micron’s multi-year strategic customer agreements are expected to improve the durability and predictability of the company’s financial performance.

Strong Guidance Reinforces Pricing PowerFollowing the earnings release, Susquehanna analyst Mehdi Hosseini told CNBC that Micron’s earnings beat and outlook underscore the premium customers are paying for DRAM and NAND used in AI server infrastructure.

Hosseini noted that Micron’s fourth-quarter earnings guidance of about $31 per share was well above the consensus estimate of roughly $25, reflecting continued pricing strength driven by what he described as the “memory wall.”

He said customers “have no choice but to pay a premium” and expects that trend to persist despite concerns the cycle may be nearing its peak.

Hosseini also said the current memory cycle differs from previous ones because Micron continues to generate positive free cash flow despite elevated capital expenditures.

He identified the expected transition from AI training to inference workloads in 2028 and the potential easing of restrictions on Chinese memory producers Yangtze Memory Technologies Co. Ltd. and ChangXin Memory Technologies as longer-term risks.

Investors See Further UpsideRequisite Capital’s Bryn Talkington told CNBC that Micron’s improving fundamentals support additional upside following the earnings report.

She cited accelerating earnings growth, tight memory supply, sustained AI demand and increasing investor attention on capital spending and long-term customer agreements as key drivers.

Talkington also pointed to elevated options activity and higher call option premiums, saying they suggest investors are positioning for further gains rather than a period of consolidation.

Durability Of The Cycle Remains Key QuestionBefore the earnings release, Silvant Capital Chief Investment Officer Michael Sansoterra told CNBC that investors were focused on whether the current memory cycle represents a structural change or simply reflects short-term momentum.

Sansoterra said demand continues to outpace supply, supporting pricing, but the key question is how long that imbalance will persist as additional capacity comes online.

He added that Micron’s valuation will depend on its ability to maintain strong margins, particularly operating margins. While he expected a solid quarter and favorable guidance, he cautioned that lofty expectations following the stock’s strong rally could make it difficult to satisfy short-term investors.

Analysts Focus On Margins, AI DemandAhead of the results, Evercore ISI analyst Amit Daryanani told CNBC investors should closely watch Micron’s gross margins and updates on 2027 memory capacity allocations.

Daryanani said gross margins in the 40% to 80% range would indicate whether pricing remains healthy, while commentary on future capacity commitments could provide insight into the longevity of the AI-driven memory cycle.

According to Daryanani, investors are no longer debating whether the memory upcycle exists but rather how much of the long-term AI opportunity has already been priced into memory stocks.

He also said memory manufacturers must demonstrate they can sustain stronger earnings and build more durable business models beyond the current cycle.

MU Price Action: Micron Technology shares were up 17.50% at $1232.00 during premarket trading on Thursday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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In This Article GLM Price Analysis: Golem Crypto's HTF Range Reveals Predictable Short-Term GainBest AI Crypto to Buy? MIND of Pepe AI Agent Continues Massive Multi-Million Raise In Biggest AI ICO of Q1, 2025 What is Golem Crypto? GLM crypto, a seemingly dead crypto project, could be the next big CTO as its price erupts +40%. But what is the best AI Crypto to buy in 2025?

Once the start-boy of the AI crypto scene – named a ‘top 10 crypto’ by CoinTelegraph, Golem crypto has fallen from grace over the past six months and made enemies, from selling off ETH wholesale last summer to the seemingly dead project social media accounts; for a long time, it has seemed like GLM crypto could be finished.

Like Render (RNDR), Golem crypto aims to facilitate the peer-to-peer leasing of spare unused computer power for needs such as generative AI or 3D model rendering – which, in theory, should have positioned the cryptocurrency to become one of the biggest winners of the AI trend.

Yet, indeed, the Golem crypto Twitter account hasn’t made a single post since December 5, 2024 (lost your password dev?) – so it’s easy to understand where things have fallen apart.

The last Tweet from @golemproject was more than 2 months ago, on Dec 5 and People are pumping this abandoned Project's token $GLM pic.twitter.com/DHOKr27dnN

— HarshVardhan Singh | HVS Ventures (@theHVS_) February 16, 2025

Yet, amid heightened appetite for AI in light of Trump’s $500Bn Stargate.Ai funding package, community efforts to take over and revive the project from silent despair appear to be underway amid a +40% pump for the GLM price.

Some Golem crypto holders are speculating that the pump is actually being accumulated by insiders with exclusive information about an upcoming major announcement—although anything substantive remains to be seen.

GLM Price Analysis: Golem Crypto’s HTF Range Reveals Predictable Short-Term Gain As GLM Price dominates the top gainers, Golem crypto currently trades at a market price of $0.36 (representing a 24-hour change of +39.88%).

This comes as GLM price blasts out of a 28-day accumulation period in the buy zone (green box), following the loss of 200DMA support on January 19.

(GLMUSDT)

The dramatic upside move has seen Golum crypto slam topside resistance at the historical $0.44 price level, yet, despite the volatility, GLM appears to be stabilizing back above the 200DMA support level, suggesting that the price could successfully consolidate the reversal.

Looking at the RSI, Golum’s key momentum indicator, a period of consolidation and cooling-off seems increasingly likely after such a seismic pump. However, this would be healthy for technical structure and would poise GLM for further gains.

Such a move could see Golem crypto continue its well-established 12-month range pattern, in which case it would seem strategic to target the lower end of the distribution zone at $0.66 (a potential +84% move from here).

But while Golem crypto defies all expectations on the short-term, smart money investors know CTOs are short-lived, and real value is unlocked in the early-bird investor stage – and for that reason, it’s worth shining a spotlight on another project many AI crypto analysts are labeling as the best AI crypto to buy in 2025.

Best AI Crypto to Buy? MIND of Pepe AI Agent Continues Massive Multi-Million Raise In Biggest AI ICO of Q1, 2025

MIND of Pepe truly has a mind of its own – it is an online personality in its own right, able to deliver a competitive edge for $MIND token holders.

It has taken $MIND barely a month to amass $6.35 million from contributors who probably realize that crypto and AI are a match made in heaven. The ability to program a token on a decentralized platform to interact autonomously with a self-sovereign agent has profound ramifications.

The MIND of Pepe AI agent interacts with decentralized applications (dApps), manages its own crypto wallet, and has intelligent bot accounts on X and Telegram. As a result of the advantages afforded by the deployment of next-generation Web3 technologies, it provides crypto market participants with actionable insights. 

While a trading bot must be programmed by a human, MIND of Pepe does not require this. 

MIND of Pepe will be able to develop its own trading strategies based on its analysis. It doesn’t just wait for certain pre-programmed conditions to appear to react. Instead, it can formulate what those conditions should be and respond accordingly. 

For instance, it could monitor certain social media accounts of politicians in the ‘MAGAverse’ to see which one might be hinting at launching a meme coin and quickly spin up a token to get its own out first. 

Two leading blockchain security firms, Coinsult and SolidProof, have rigorously audited the platform’s smart contract, providing investors with confidence against potential security threats.

Stay up-to-date with the vibrant MIND of Pepe community on X and Telegram.

Visit MIND of Pepe Here

EXPLORE: Solana Users to Claim a Massive $630 Million JUP Tokens in Jupiter Airdrop

Key Takeaways Golem Crypto Seemed Dead, With Golem X Account Inactive Since December 5. However, Rumors of a CTO or Inside Accumulation Have Seen GLM Price Blast Off From a 28 Day Accumulation Period. Analysts Call New AI Agent Crypto, MIND Of Pepe, Best AI Crypto to Buy After It Raised $6.3M In Skyrocketing Seed Round. #Presales

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Golem resurfaced with a 40% price surge, sparking speculation about its future. Is this a long-awaited comeback or another speculative rally? Golem [GLM], once a pioneer in decentralized computing, has resurfaced with a sudden 40% price surge, catapulting it back into the spotlight.

This revival has sparked speculation about its future—could this mark the start of a long-awaited comeback, or is it just another speculative rally?

AI crypto resurgence: Golem’s unexpected comeback Amid excitement in the AI crypto market, Golem, once hailed as a top AI cryptocurrency, has made an astonishing return with a 40% price surge.

This sudden revival has sparked debate. Is this a new chapter for Golem, or just another speculative pump driven by insider accumulation?

While Golem’s social media presence has been virtually non-existent since December 2024, recent community-driven efforts suggest the project might still have some fight left in it.

Golem crypto: Why was it left for dead? Golem was created to revolutionize computing by allowing users to lease unused processing power through a decentralized network, similar to Render [RNDR]. This positioned Golem as a promising player in AI and 3D rendering.

However, the development team offloaded large amounts of ETH last summer, and then they went silent in their communications. This shifted GLM’s trajectory.

The lack of updates and a stagnant roadmap led many to believe that Golem had met its end.

Speculation or sustainable growth? Golem’s next move is… Golem’s 40% price surge reignited excitement, but the sharp pullback that followed raises doubts about its sustainability. The RSI briefly hit overbought levels before cooling to 55.49, suggesting the surge may have been speculative.

Meanwhile, the OBV indicates a surge in trading volume, hinting at whale activity behind the price movement.

Source: TradingView Despite this surge, Golem faces significant competition from more established AI-focused projects like Render, Ocean Protocol (OCEAN), and Artificial Superintelligence Alliance Price Prediction’s [FET].

These projects boast stronger development and adoption. For Golem to regain relevance, it will need renewed innovation, communication, and community engagement.

Without clear updates from its team, the rally could be short-lived. Investors seeking long-term AI crypto opportunities may want to look elsewhere unless Golem can prove it’s staging a true comeback.

Analyst Spotlight: BitLemons ($BLEM) Presale Heats Up While GLM and ULTIMA Lead Market Recovery

Industry experts predict that the Strategic Ethereum Reserve (SER), which tracks entities holding Ethereum (ETH) in their treasuries, could surpass 10 million ETH by May 2026.

This would represent an increase of approximately 1,166.3% from the current holdings, reflecting a continued accumulation trend and growing confidence in Ethereum as a store of value.

Strategic Ethereum Reserve Poised to Hit 10 Million ETHAccording to the latest data from the SER website, the reserve currently holds 789,705 ETH, spread across 23 active participants, including major institutions and governments. It represents a collective effort by various entities to stockpile ETH over time. 

The Ethereum Foundation leads with 265,343 ETH, followed by Coinbase with 137,334 ETH. Other notable entities include Golem Foundation (100,765 ETH), Gnosis DAO (66,587 ETH), the US Government (59,965 ETH), and others. At current prices, the total holdings are valued at approximately $2.1 billion.

Notably, Anthony Sassano, founder of The Daily Gwei, expressed strong confidence in the SER’s growth trajectory. In a statement on X, Sassano predicted that the reserve could surpass 10 million ETH by May 2026. 

“Today, it’s under 1 million ETH in the reserve. In a years time, I bet it’s firmly over 10 million ETH in the reserve. The gold rush for ETH is going to be absolutely insane,” Sassano predicted.

Similarly, another analyst echoed this sentiment, labeling the SER a “black hole for ETH.”  He anticipates that protocols, decentralized autonomous organizations (DAOs), treasuries, and Layer 2 solutions will increasingly compete to stake, restake, and accumulate ETH, potentially locking up over 10 million ETH in the coming years. 

“This is how a monetary asset goes parabolic slowly, then all at once,” the analyst said.

Meanwhile, Ethereum proponent Shingen referenced a recent essay on SER. He noted that the reserve is still in its early stages with limited participation, but highlighted the essay’s narrative-building potential. 

“It’s just the beginning, the amount is small, and it’s just a definition of what was originally an individual movement, but when you read this article, it’s written in a very emotional way, and when you think about it, it’s quite important in terms of creating a narrative. It’s also good that it’s not centered around listed companies,” Shingen wrote.

In the essay, the author reflected on how the Strategic Ethereum Reserve impacts the Ethereum ecosystem. The author emphasized that SER strengthens security by increasing staked ETH, making attacks more costly, and stabilizing ETH’s price.

It also promotes decentralization in staking, reducing reliance on centralized services. Additionally, SER encourages DAOs to hold ETH long-term, fostering more stable financial strategies and a stronger Ethereum ecosystem.

Nonetheless, it also raises concerns about centralization, market instability from large holders, and regulatory challenges for corporate participants. According to the author, greater transparency, improved governance, and regulatory clarity are needed to ensure long-term success.

The growing momentum behind an Ethereum reserve comes as ETH continues its latest price rally. On May 13, the altcoin briefly surged past the $2,700 mark, marking highs last seen on February 24.

ETH Price Performance. Source: TradingViewBeInCrypto data showed that ETH’s value appreciated 43.1% over the past week. At the time of writing, it was trading at $2,636, representing daily gains of 7.3%.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Salad.com and Golem Network have partnered to test whether decentralized web3 compute infrastructure can reliably support and enhance Salad’s existing global GPU cloud workloads.

Salad.com, a GPU Cloud Platform powered by globally distributed infrastructure, and Golem Network, one of the first decentralized computing protocols, have announced a partnership. This collaboration will evaluate the feasibility of meeting Salad’s existing computational demand using Golem’s web3 infrastructure.

As part of an engineering test, Salad first intends to utilize Golem’s permissionless execution layer to ‘mirror’ and map a portion of its existing commercial activity, spanning the range of Salad’s cloud computing products and services. This partnership serves as a functional test designed to verify that DePIN protocols, in this case Golem, can support the breadth of customer and workload profiles currently utilizing Salad’s cloud infrastructure.

Today, Salad relies on a stack of centralized services for facilitating customer payments and the delivery of rewards to its network of infrastructure providers. With a global footprint of both customers and compute providers, Salad’s software stack of traditional payment processors, usage-based billing platforms and reward suppliers represents significant complexity and operational overhead. Crypto payments and a permissionless compute-execution layer, similar to that offered by Golem Network, may deliver significant efficiency gains for Salad’s products and services.

This collaboration seeks to validate how a traditional web2 business like Salad can integrate with a permissionless and decentralized protocol, such as the Golem Network. The test will evaluate core components, including the decentralized marketplace and settlement infrastructure, and how they could offer Salad a more cost-efficient and transparent platform for value exchange.

Salad and Golem Network share a similar goal of making accelerated computational power more widely accessible.  Both platforms support a range of workload profiles, from in silico drug-discovery simulations, AI inference, to 3D rendering.

This partnership aims to show how traditionally separate web2 and web3-based marketplaces can be integrated, enabling participants to benefit from complementary capabilities while laying the groundwork for future resource-sharing across currently siloed networks.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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.

13 minutes 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%

13 minutes 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).

13 minutes 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.

13 minutes ago

US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.

A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.

13 minutes ago

CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.

According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.

13 minutes ago

The KelpDAO exploit has rattled confidence in decentralized finance (DeFi) and sparked a capital exodus, dragging total value locked across the sector from $99.5 billion to $83.7 billion since April 18.

Aave is now spearheading a “DeFi United” effort, with support from major protocols, to restore the backing of rsETH, the liquid restaking token at the center of the crisis.

Stani Kulechov Pledges 5,000 ETH Personally as Aave’s DeFi United Takes ShapeOn April 18, attackers drained 116,500 rsETH, worth roughly $292 million, from KelpDAO’s cross-chain bridge. The stolen tokens were then deposited as collateral on Aave V3, where the hacker borrowed large volumes of Wrapped Ether (WETH) against them.

Because the rsETH became unbacked, the positions are effectively unliquidatable, leaving Aave with bad debt.

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Panic withdrawals followed. Aave’s total deposits dropped from $45.8 billion to $28.6 billion, marking a $17.2 billion decline. According to LayerZero, early data points to the Lazarus Group’s TraderTraitor as the likely party responsible for the biggest DeFi hack of 2026.

In an X post, Aave said several firm indicative commitments have been lined up from participants willing to help restore rsETH’s backing. Lido Finance has submitted a proposal to contribute up to 2,500 staked ether (stETH) to a dedicated relief vehicle. 

Mantle Treasury followed with its own proposal to lend up to 30,000 ETH to Aave DAO. Aave founder Stani Kulechov personally committed 5,000 ETH.

“Aave is my life’s work and we’re working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible,” Kulechov wrote.

EtherFi Foundation proposed another 5,000 ETH, and Golem contributed 1,000 ETH. The initiative has also received support from Ethena, LayerZero, Tydro, the Ink Foundation, Frax Finance, and more.

Aave also paused rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea to support recovery.

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