Latest Crypto News & Market Updates

Ethereum Foundation Transfers 10K ETH to BitMine

Ethereum Foundations BitMine ETH Transfers　　The Ethereum Foundation transferred 10,000 ETH to BitMine Immersion Technologies for the second consecutive week, drawing attention on the market radar. The sale, executed at an average price of 2,292 dollars per unit, totaled 22.9 million dollars. The ETH price climbed to 2,297 dollars, up 1.62% in the last 24 hours according to CoinGecko data. The Foundation announced that it took this step to fund protocol development, ecosystem initiatives, and community grants. Treasury giants like BitMine are becoming the Foundations regular sales partner. Click for detailed ETH analysis.　　Last Friday, the Foundation had also transferred a similar volume of ETH to the same firm at 2,387 dollars; at the beginning of March, it made its first such transaction. The Foundations sales directed to competitors like Sharplink in July were part of a chain catching the upward trend in ETH treasuries. BitMine holds a massive portfolio of 5.078 million ETH worth 11.7 billion dollars, suffering a 6.3 billion dollar loss from the price decline. The firm also strengthened its position this week with an additional purchase worth 235 million dollars. Although prices have shown a significant decline since the ETH peak of 4,946 dollars, BitMine stock (BMNR) gained

05-02Ethereum

Ethereum Hack Hits 500 Long-Dormant Wallets, $800K Lost

The post Ethereum Hack Hits 500 Long-Dormant Wallets, $800K Lost appeared first on Coinpedia Fintech News　　A new security incident has shaken the crypto space after more than 500 long-dormant Ethereum wallets were suddenly drained, resulting in losses of nearly $800,000. The attack, first flagged by analyst WazzCrypto, is raising deeper concerns about old wallet vulnerabilities and long-forgotten private key exposure.　　Old Ethereum Wallets Become New Targets　　The affected wallets had been inactive for years, with many untouched for four to eight years. Despite their inactivity, attackers managed to move over 260 ETH, worth around $600,000, into a single address labeled Fake_Phishing2831105 on Etherscan.　　From there, funds were further routed, including a transfer of 324.741 ETH to THORChain Router v4.1.1, suggesting attempts to obscure or redistribute the stolen assets.　　What makes this case unusual is that these were not active wallets or recent phishing victims. Instead, they were quiet, long-held accounts, indicating the vulnerability may have existed for years before being exploited.　　What Caused the Breach？　　The exact cause is still unclear, but several possible reasons are being discussed.　　Possible causes include:Stolen seed phrasesWeak private key creation in older wallet toolsExposure through outdated wallet softwareLeaked details from password managersUnsafe storage of recovery phrases　　Some users also pointed to older

05-02Ethereum

1inch Built Emergency Routing to Solve Aave’s ETH Withdrawal Freeze in Under Six Hours

Earlier this month, ETH withdrawals on Aave froze. Liquidation risk kept building. There was no exit available for users trying to unwind positions. Fluid reached out to 1inch on April 19 at 21:39. By 03:10 the next morning, emergency routing was live in production. The whole response took under six hours from initial request to working solution.　　Earlier this month, ETH withdrawals on Aave froze and liquidation risk kept building with no exit available.@0xfluid reached out to 1inch on April 19 at 21:39. By 03:10 the next morning, emergency routing was live.　　— 1inch (@1inch) May 1, 2026　　On April 18, the ETH utilization in Aave rose to 100 percent, effectively freezing withdrawals to thousands of users. As the lenders could not exert positions, they were still accumulating exposure to liquidation, which posed a scenario of high risk on the platform.　　Exploit Rooted in Cross-Chain Vulnerability　　The Aave attack was based on an advanced attack on LayerZero infrastructure. It is claimed that attackers breached internal RPC nodes and flooded external nodes, causing the decentralized verification network (DVN) of the system to use distorted data.　　This enables the attacker to spoof that rsETH has been burned along a chain of sources. According to this false authentication, the

05-02Ethereum

Ethereum Price Prediction: ETH Eyes $3,200 Breakout

Ethereum price is sitting near a major decision area, with charts showing resistance at $2,413 and deeper support near $1,725. A clean breakout from the current trendline zone could shift focus toward $3,200, while rejection would keep ETH inside its wider range.　　ETH Price Stalls Between $2,413 Resistance and $1,725 Support　　ETH remains trapped inside a wide decision zone, according to the 2 day ETH/USDT chart shared by EliZ. Price trades near $2,261, while the main resistance sits at $2,413 and the lower support stands near $1,725.　　ETH Macro Range Chart. Source:　　The chart shows ETH pressing against a descending trendline after recovering from the lower range. However, price has not confirmed a breakout yet. That keeps ETH inside a messy structure between the red support zone, the trendlines, and the two marked horizontal levels.　　A clean move above $2,413 would give buyers a stronger signal and could open the way toward higher resistance. However, a rejection from the current area could send ETH back toward the red box and then the $1,725 support zone. For now, the chart shows a range market, not a confirmed trend.　　ETH Chart Points to Breakout Setup Toward $3,200 Resistance　　ETH trades near $2,266 while holding above a rising support line,

05-02Ethereum

Bithumb Court Victory: Business Suspension Penalty Postponed

The Seoul Administrative Court has changed the fate of Bithumb, one of South Korea‘s leading crypto exchanges. According to reports in local media, the court postponed the exchange’s six-month partial business suspension penalty with an emergency measure on Thursday. Judge Gong Hye-on-jin justified the decision by emphasizing that restricting core functions would cause irreparable damage to the exchange. This step protected in-exchange trading and won conversions while rescuing critical operations like inter-exchange transfers. The penalty was set to take effect at the end of March, and Bithumbs objection was resolved just in time.　　Details of Bithumbs Partial Business Suspension Penalty　　The Financial Intelligence Unit (FIU) had imposed the sanction after detecting 6,65 million money laundering rule violations. Reasons for the penalty included failure to verify customer identities and not preventing restricted transactions. Regulators also proposed a 36,8 billion won fine; executives like CEO Lee Jae-won were subjected to disciplinary processes. Established in 2014, Bithumb operates under FIU supervision and maintains its giant position among won-based exchanges.　　FIU Violations and AML Regulation Pressure　　The exchange applied to the court against the penalty on March 23 and had been in tension with authorities for a long time. AML rule violations are a reflection of South Korea‘s

05-02Industry

Why XRP is set for a 26% move as key buying zone emerges

As XRP continues to face increased consolidation, technical indicators suggest that the asset is approaching a critical setup that could trigger a sharp price move.　　In this context, the consolidation is occurring within a symmetrical triangle pattern that shows XRP compressing between descending resistance around $1.45 and rising support near $1.35.　　According to insights shared by prominent analyst Ali Martinez in an X post on May 2, XRPs narrowing price action suggests volatility is tightening as the token approaches the apex of a symmetrical triangle formation, a setup that often precedes a decisive breakout.　　Based on the triangles height, the analyst projects a potential 26% move in either direction.　　Martinez noted that a daily close above the $1.45 resistance level could push XRP toward $1.82, while a breakdown below the $1.35 support zone may trigger a decline toward $1.　　The analyst also highlighted the $1.35 to $1.45 range as a key consolidation zone where traders risk getting caught in false breakouts.　　XRP price testing long-term support　　A similar outlook was shared by pseudonymous analyst , who said XRP is testing a long-standing ascending support trendline that has held since early February.　　The analyst identified the $1.36 region as a make-or-break zone, with a rebound potentially driving the token

05-02Industry

Coinbase Backs CLARITY Act Compromise Banning Passive Stablecoin Yield

Odds of Clarity Act Signing Into Law in 2026. 　　Coinbase Chief Legal Officer Paul Grewal said the months of meetings produced text that should not derail the broader bill, arguing public debate had overstated the actual risks.　　“This outcome preserves activity-based rewards tied to real participation on crypto platforms and networks, which is what the bank lobby said they wanted,” he wrote in a post.　　Faryar Shirzad, Coinbases chief policy officer, separately credited progress on token classification, DeFi safe harbors, and tokenization in the broader deal.　　The final rewards text in the CLARITY Act is now public.　　Weve been clear throughout this process: much of this debate was based on imagined risks, not real evidence, nor was it based on a real understanding of how crypto actually works.　　With yield resolved, attention shifts to jurisdictional clarity between the SEC and CFTC, staking protections, and capital formation rules.　　These provisions holding through floor consideration will shape the timeline into summer.　　The post Coinbase Backs CLARITY Act Compromise Banning Passive Stablecoin Yield appeared first on BeInCrypto.

05-02Industry

SEC schedules CLARITY Act roundtable in May

The US Securities and Exchange Commission has scheduled a CLARITY Act roundtable for May, bringing together SEC and CFTC officials with crypto industry representatives to debate digital asset market structure jurisdiction, one of the final regulatory steps before the Senate Banking Committees expected markup the week of May 11.The SEC roundtable on the CLARITY Act is set for May 2026 and will address the central jurisdictional question of whether specific digital assets are regulated by the SEC or the CFTC under the proposed market structure framework.Senator Tim Scott confirmed he has now secured Tillis and additional Republican votes for the markup, but Senator John Kennedy continues to withhold support, leaving the goal of 13 of 13 Republican votes unmet.Senator Thom Tillis separately raised a new hurdle: law enforcement groups oppose a DeFi provision in the bill that would protect developers from liability for users illicit activities on their platforms, adding a fresh unresolved issue to the calendar.　　The SEC roundtable follows the agency‘s March 17 joint taxonomy with the CFTC, which named 16 digital assets as commodities and provided the framework that the CLARITY Act would convert into permanent federal statute. CoinGape reported that the SEC plans to host the roundtable

05-02Industry

VET Technical Analysis May 2

VETs 24-hour trading volume is moving at low levels of 7.41 million dollars; this situation indicates that the price movement in the sideways trend is supported by weak market participation and carries potential accumulation signals. The decrease in volume may indicate that big players are quietly strengthening their positions, while volume confirmation is awaited for an upside breakout.　　Volume Profile and Market Participation　　VET‘s current volume profile shows quite low market participation with a 24-hour trading volume of 7.41 million dollars. This level is significantly below recent weekly averages and weakly confirms the price’s sideways movement around 0.01 dollars. Low volume indicates reduced interest from retail investors, while providing clues that large players at the institutional level (whales) are quietly managing their positions. In the volume profile, the price holding above EMA20 (0.01 dollars) is a healthy short-term signal, but since overall participation is low, the sustainability of this upside will be tested with volume increase.　　In terms of market participation, the 1.10% daily change upward occurred with low volume; this signals that buyers are not dominant and sellers are not panic-selling. Volume declines are observed even in down moves on volume bars, reflecting a healthy consolidation process. However, with RSI at 50.49

05-02Industry

BTC Holding at $78K: Technical Analysis

Bitcoin price (CoinDesk Data)BTC Price Movement and Market Dynamics　　Bitcoin is trading at $78.212 with a 1.35% increase according to the latest data and is holding the $75.000 support. It has gained 1.25% since midnight, but there is no convincing momentum across the market. Traders are countering rallies with short positions in BTC futures; negative funding rates confirm this trend. The CoinDesk 20 Index rose 0.7%, turning 14 of its members green. The price has been stuck in the $75.000-$80.000 range since April 19.　　BTC, recovering from the support test, made a bounce despite Wednesdays struggles. Futures open interest steady at $19 billion; speculative changes limited. Three-month annualized basis flat at 1.5%, institutions cautious. In options, call flows dominant, put/call 58% in favor of calls. Delta skew declined from 9.5% to 8.6%. Volatility contango: short-term 29% to 45% in March 2027. Liquidations $149 million, Binance $75.400 critical.　　CoinDesk Overnight Rate (CDOR)BTC Technical Outlook and Levels　　RSI at 60,79 neutral, trend sideways, Supertrend bearish. EMA 20: $76.021. Supports: S1 $71.926 (strong, 70% score), S2 $77.628 (strong, 66%). Resistances: R1 $79.422 (very strong, 94%), R2 $91.119 (medium). For detailed BTC analysis, futures data should be monitored. In altcoins, AXS and HYPE stand out; MORPHO and AAVE

05-02Industry

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