Crypto Industry News & Market Trends

Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows

Ethereum　　Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows　　Ethereum has lost ground below $2,300 as the market cools after weeks of cautious recovery. The price is retreating — but a CryptoQuant report tracking Binance derivatives activity has identified a dynamic beneath the surface that complicates the bearish reading considerably.　　The data shows that derivatives traders on Binance have been aggressively betting against Ethereum throughout the recent rebound — and they are still adding to those positions even as the price pulls back. Cumulative net taker volume has dropped to approximately -$585 million, its deepest negative reading since March 27, when the metric reached around -$340 million. In the weeks between those two readings, the short-selling pressure has not only persisted — it has intensified.　　That intensification is happening simultaneously with rising open interest on Binance, which has climbed from approximately $2.46 billion to $2.9 billion during the first week of May. Rising open interest alongside deeply negative taker volume describes a specific market structure: traders are not simply reducing long positions. They are actively building new short exposure into a market that has been recovering.　　The significance of that setup is counterintuitive. Heavy short positioning during a recovery

05-09Ethereum

Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market?

Ethereum　　Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market？　　The post Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market？ appeared first on Coinpedia Fintech News　　Ethereum, the second-largest cryptocurrency by market cap, has seen its dominance in the DeFi market fall to around 54%, down from 63.5% earlier this year, as competing blockchains continue capturing a larger share of the crypto ecosystem.　　Now the big question is Ethereum losing its grip on DeFi dominance？ While ETH price has recovered to nearly $2,314.　　Ethereum Dominance in DeFi Falls to 54%　　According to DeFiLlama data, Ethereum‘s share of total DeFi TVL dropped from 63.5% at the start of 2025 to roughly 54% this month, marking one of the network’s weakest dominance levels in years.　　DeFiLlama currently values Ethereums total value locked at approximately $45.4 billion, far ahead of most competing blockchains.　　However, other networks are rapidly absorbing market share by focusing on specialized use cases across the crypto ecosystem. Current DeFi TVL market share now stands at:Solana: 6.66%BNB: 6.60%Bitcoin ecosystem: 6.35%TRON: 6.17%Base: 5.44%Hyperliquid ecosystem: 1.81%　　This shift suggests DeFi is evolving from a single Ethereum-centered ecosystem into a multi-chain market where each blockchain focuses on specific sectors like stablecoins,

05-09Ethereum

Ethereum Price Prediction: Bulls Face $2.4K Wall as $4.9K Setup Builds

Ethereum　　Ethereum Price Prediction: Bulls Face $2.4K Wall as $4.9K Setup Builds　　Ethereum is still stuck below the $2,400 area, but higher time frame charts show a wider bullish setup forming. ETH now needs to clear moving average resistance before the $4,900 target comes back into focus.　　Ethereum Struggles Below $2.4K as ETH Range Stays in Play　　Ethereum remained below the $2,400 area on the weekly chart as price struggled to break above a major moving average zone, according to a TradingView chart shared by Daan Crypto Trades on X.　　The chart shows ETH trading inside a wider range between about $2,100 and $2,800. Price has recovered from its earlier low near the $1,750 area, but it has not cleared the upper moving average resistance.　　ETH Weekly 200MA and 200EMA Range. Source:　　The weekly 200MA and weekly 200EMA sit above the current ETH price zone. These moving averages remain important because they often act as resistance when price trades below them.　　However, ETH still holds above the lower part of the marked range. The $2,100 to $2,166 area acts as near term support, while the $2,815 to $2,851 area marks the upper resistance zone.　　For now, Ethereum remains range bound. A move above the $2,400 area would put the

05-09Ethereum

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

A Manhattan federal judge has cleared the way for Aave‘s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims legal claim on the funds.　　In a two-page order published late Friday U.S. time, Judge Margaret Garnett modified a restraining notice previously served on Arbitrum DAO to allow an onchain governance vote transferring the immobilized ETH to a wallet controlled by Aave LLC.　　The order also shields participants from liability under the notice, stating that anyone who initiates, votes on or participates in the transfer would not violate the freeze.　　Judge Garnett‘s ruling follows an earlier off-chain Snapshot temperature check in which Arbitrum delegates overwhelmingly signaled support for returning the frozen ETH as part of Aave’s broader recovery plan. Any actual transfer, however, still requires a separate binding onchain governance vote.　　The ruling resolves an immediate standoff that had threatened to derail a coordinated DeFi recovery effort after attorney Charles Gerstein, representing families holding roughly $877 million in unpaid terrorism judgments against North Korea, argued the frozen ETH could be seized because the exploit has been widely attributed to Lazarus Group, which is supported

05-09Ethereum

Cloudflare stock plunges more than 20% as 1,100 job cuts overshadow Q1 earnings beat

Tech　　Cloudflare stock plunges more than 20% as 1,100 job cuts overshadow Q1 earnings beat　　Cloudflare shares plunged more than 20% Friday after the companys better than expected Q1 results were overshadowed by plans to cut about 1,100 employees as part of a broader shift toward an AI first operating model.　　The company reported $639.8 million in revenue for the first quarter, up 34% from a year earlier. Cloudflare posted a GAAP net loss of $22.9 million, or $0.07 per share, while non GAAP net income rose to $94 million, or $0.25 per diluted share.　　Cloudflare said the restructuring is designed to accelerate its move toward what it called an agentic AI first operating model. The company expects to reduce its current workforce by about 1,100 people and incur $140 million to $150 million in charges, mostly in the second quarter.　　The announcement rattled investors despite the earnings beat. Analysts had expected about $622 million in revenue and $0.23 in adjusted earnings per share, while Cloudflare reported $639.8 million in revenue and $0.25 in adjusted EPS.　　Cloudflare also issued Q2 guidance for revenue of $664 million to $665 million, with non GAAP income from operations of $90 million to $91 million. For full year 2026, the

05-09Industry

Understanding SkyAI’s 30% price correction and the next steps for traders

Tech　　Understanding SkyAIs 30% price correction and the next steps for traders　　SkyAI [SKYAI] shed 4.5% of its value in the last 24 hours after a stellar rally in recent weeks. In fact, the token was up 61% for the week, and around 780% over the past month. It has been trending higher since February, with its remarkable rally accelerating in April.　　After hitting an all-time high of $0.8569 on Wednesday, 06 May, SKYAI fell by around 30%. It was accompanied by a slowdown in speculative interest.　　Evidence for a bearish SKYAI move in the coming days　　AMBCrypto had previously reported that Binance traders were positioning themselves bearishly in the perpetual futures market.　　Momentum was also getting strained, the report read, and within hours, the token saw a pullback from its all-time highs.　　Source: Coinalyze　　Coinalyze data revealed a fall in Open Interest in the last 48 hours, with the funding rate also dropping towards zero. Both signs pointed towards weakness too.　　The falling OI hinted at increasingly sidelined speculators, with the falling funding rate showing that more and more participants were closing long positions and staying neutral – Sign that the long side was no longer overcrowded.　　The volatility reset and unwinding market resulted in the recent correction. The

05-09Industry

SEC chair Paul Atkins signals rule changes for onchain markets and AI-driven finance

SEC Chair Paul Atkins said Friday the agency is considering changes to how securities regulations apply to blockchain-based financial markets and AI-powered financial applications, as digital asset firms increasingly move trading and settlement activity onchain.　　Speaking at the AI+ Expo in Washington, Atkins said the SEC is considering formal rulemaking around onchain trading systems, blockchain settlement infrastructure, automated financial applications and crypto vaults that increasingly blur the lines between traditional players.　　Existing securities rules were designed around traditional market intermediaries such as brokers, exchanges and clearinghouses, he argued, while newer blockchain systems often combine those functions into a single software protocol. Atkins predecessor, Gary Gensler, had held a similar view, though he focused more on centralized exchanges that the SEC argued provided those different functions under one roof at the time, mostly through lawsuits.　　“A single protocol can execute a trade, manage collateral, route liquidity, execute trading strategies through vault structures and settle the transaction,” Atkins said.　　“We should remember that onchain market structures today are often hybrid in nature, combining elements of what are often referred to as ‘traditional’ and ‘decentralized’ finance,” he said. “We should clarify how the Commission views the spectrum of models that may implicate our statutes through notice and

05-09Industry

Ethereum Faces Whale Pressure as Binance Deposits Hit $178 M

Ethereum　　Ethereum Faces Whale Pressure as Binance Deposits Hit $178 M　　Bitcoin Ethereum NewsOnchain Lens said that Garrett Jin deposited 78,077 ETH, worth about $177.92 million, into Binance.Crypto Rover called the latest Binance deposit bearish and cited the prior ETH drop.Lookonchain said a whale linked to Erik Voorhees bought 2,920 ETH for $6.67 million.　　Ethereum whale activity has intensified as ETH continues to struggle against Bitcoin, bringing fresh attention to large exchange deposits and private-wallet accumulation. On-chain data shared on X showed one OG whale sending 78,077 ETH, worth about $177.92 million, into Binance.　　The transfer added to a broader three-day flow from the same whale, while separate data showed another large wallet buying more ETH near $2,284. Meanwhile, traders are watching whether exchange inflows create near-term volatility as Ethereum tries to regain strength against BTC.　　OG Whale Sends ETH to Binance　　Onchain Lens reported that Garrett Jin, also known as the “Bitcoin OG 10/11,” deposited 78,077 ETH, worth $177.92 million, into Binance. The Arkham data showed the transfer landing in a Binance deposit wallet marked 0x326.　　Analyst Ai also tracked the same wallet and said the whale deposited another 78,076.87 ETH into Binance, worth about $178 million. According to that post, the wallet had already moved

05-09Ethereum

Google Chrome secretly installs 4GB AI model

Google Chrome has been silently installing a 4GB AI model called Gemini Nano on users devices without consent, a researcher found.Researcher Alexander Hanff documented Chrome secretly downloading a 4GB AI model called Gemini Nano to eligible devices without user notification or consent.The model reinstalls itself automatically if users delete it, and Chrome does not offer an opt-out prompt during installation.Hanff argues the practice likely violates the EUs ePrivacy Directive and GDPR, raising legal questions that have not yet been tested in court.　　Google Chrome is silently installing a 4GB AI model on users devices without consent, a researcher found. Privacy researcher and computer scientist Alexander Hanff documented the installation after discovering that a Chrome profile he created for automated privacy audits had accumulated 4GB of model files called weights.bin inside a folder named OptGuideOnDeviceModel, despite receiving zero human input at any point.　　The model is Google‘s Gemini Nano, a lightweight on-device large language model. Hanff’s evidence chain shows Chrome downloading the 4GB file in 14 minutes and 28 seconds on April 24, 2026, without a consent prompt, without a settings notification, and without a checkbox.　　The file reinstalls automatically when restarted after deletion, according to multiple independent reports across Windows, macOS, and Linux.　　What

05-09Industry

M3 DAO and REI Network Forge Alliance to Drive Zero-Fee Web3 Onboarding for 200,000 Members

The rapid rise of Decentralized Autonomous Organizations (DAO) has posed major challenges inhibiting widescale adoption of DAOs. High fees and poor user experience are the primary obstacles to adoption, currently hindering users ability to engage effectively with DAOs.　　M3 DAO has partnered with REI Network to build solutions to the challenges of operating within the present DAO ecosystem. By partnering with REI Networks, M3 DAO will be able to utilize their use of providing zero-cost, lightweight technologies that enable M3 DAO to enhance the onboarding experience for an estimated 200,000 current global users to the Web3 solution.　　Bridging the Gap with Zero-Fee Infrastructure　　The foundation of this alliance is built on the technical expertise and infrastructure capabilities of REI Network. The REI Network was created to address the scalability problems of Layer-1 blockchains with a zero-fee model that allows users to interact with dApps without costly and variable transaction fees. Zero gas fee model provides M3 DAO to an entire community with a chance to use dApps very differently than in the past.　　Through its EVM-based architecture built on the REI project, the M3 DAO provides a governance model, asset management, and community incentive opportunities to its members. This is achieved without burdening users

05-09Industry

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