The post ETH sell off Surge! Who is Selling Ethereum? appeared first on Coinpedia Fintech News Ethereum is currently trading at $2442.32, down over 4% in the past day. In the last 24 hours, Ethereum has moved between $2389.71 and $2556.98. Bearish Pressure Grows as Dormant Wallets Turn Active ETH’s Liveliness has hit a record high of 0.69, according to Glassnode, indicating that long-term holders are moving their coins and are likely to sell. This rise shows dormant accounts are becoming active amid weak demand and a sluggish market, adding to the growing bearish pressure on Ethereum. Data from Defilama shows that the Ethereum chain has experienced a significant drop over the past few weeks. It has dropped from 27.99 million ETH on the 6th of May to around $25 million. Besides, weak buying interest and falling capital inflows are adding to the pressure. If selling continues, it could fall to $2,185 or even to its May low. However, a bounce in demand could flip the trend and shift momentum back to the upside. ETF Outflows Add to Short-Term Price Risks On June 20, Ethereum ETFs saw a net outflow of $11.3 million, according to Farside Investors. The biggest withdrawal came from ETHA with $19.7 million, while ETH and ETHV saw modest inflows of $6.6M and $1.8M. Other ETFs reported no activity. Ether Sees Huge Liquidations Ethereum has seen $170 million liquidations in the last 24 hours, with $157 million in long positions. Santiment data shows that ETH is flowing into centralized exchanges at an unusually high rate, significantly more than outflows. Unless buying picks up, ETH could face more short-term downside. ETH Stuck Below $2.5K Ethereum’s moving averages also show a mostly bearish picture. Short-term indicators like the 10-day to 30-day EMAs and SMAs are all signaling sell, with prices below key resistance levels around $2,500. If Ethereum breaks above the $2,800–$2,850 resistance zone in the next 30 days, it could climb toward $3,000. This move may be backed by strong fundamentals and new inflows from ETH ETFs. But the current trend is weak, so a real breakout will need stronger buying momentum to hold. But if macro conditions worsen, it risks dropping to $2,280.
The Internet Watch Foundation found that cryptocurrencies are the most commonly offered method of payment on child abuse websites.
BitcoinWorld Animoca Brands Powers Up Cross the Ages Partnership, Boosts CTA Token Holdings Big news is shaking up the Web3 gaming world! Animoca Brands , a major player in the digital entertainment, blockchain, and gamification sectors, has just announced a significant move that underscores its commitment to the future of interactive digital experiences. This latest development involves a strategic partnership and investment in a promising project, signaling continued growth and confidence in the space. Animoca Brands Joins Forces with Cross the Ages In a move that has caught the attention of the blockchain community, Animoca Brands has officially partnered with Cross the Ages . This collaboration, announced via a press release on June 20, brings together Animoca Brands’ extensive experience in building and investing in Web3 ecosystems with Cross the Ages’ innovative transmedia project. Cross the Ages is more than just a game; it’s a sci-fi themed universe built on blockchain technology , encompassing novels, digital and physical trading cards, and now, a new multiplayer RPG. This partnership is poised to accelerate the development and reach of the Cross the Ages ecosystem. What Does This Partnership Entail? The agreement between the two entities is multifaceted, focusing on mutual growth and ecosystem expansion. Key aspects of the partnership include: Support for Arise Launch: Animoca Brands will lend its expertise and resources to support the upcoming launch of Arise, a multiplayer action RPG being developed by Cross the Ages. This is a crucial step for bringing the Cross the Ages universe to life in a new, immersive format. Ecosystem Growth Contribution: Beyond the game launch, Animoca Brands is committed to contributing to the overall growth and expansion of the broader Cross the Ages ecosystem. This could involve marketing, technical support, or strategic guidance. Investment and Token Acquisition: A notable part of the agreement involves financial commitment. Animoca Brands has begun acquiring more CTA token , the native utility token of the Cross the Ages platform, from the open market. Why Acquire the CTA Token? The decision by Animoca Brands to purchase CTA token from the open market is a strong signal of confidence. Acquiring utility tokens is a common strategy for investors and partners in the blockchain gaming space for several reasons: Alignment of Interests: Holding the native token aligns Animoca Brands’ success directly with the success and growth of the Cross the Ages ecosystem. Participation in the Economy: The CTA token likely plays a crucial role within the Cross the Ages universe, potentially used for in-game transactions, governance, staking, or accessing exclusive content. Holding tokens allows Animoca Brands to actively participate in this economy. Long-Term Investment: Open market purchases suggest a belief in the long-term value and potential of the CTA token and the Cross the Ages project as a whole. This acquisition provides liquidity and stability for the CTA token and demonstrates tangible support from a respected industry leader like Animoca Brands. The Growing Landscape of Web3 Gaming This partnership is another example of the increasing maturity and collaboration within the Web3 gaming sector. As blockchain technology evolves, developers and investors are finding new ways to integrate digital ownership, player-driven economies, and unique gameplay experiences. Partnerships like the one between Animoca Brands and Cross the Ages are vital for several reasons: They combine different strengths and expertise. They help projects like Cross the Ages gain visibility and access to larger networks. They attract more players and investors to the blockchain gaming space. The launch of Arise, with Animoca Brands’ backing, will be a key test for the potential of action RPGs within the Web3 framework. Understanding the Cross the Ages Ecosystem and CTA Token Utility For those new to the project, Cross the Ages is building a rich universe. The CTA token is designed to be central to this experience. While specific utilities can evolve, typical functions in such ecosystems include: In-game currency for items, upgrades, or access. Staking for rewards or passive income. Governance rights, allowing holders to vote on project decisions. Access to exclusive content, events, or NFTs. Animoca Brands’ investment in the CTA token reinforces its importance within the ecosystem and signals potential future integrations or expanded utility as the partnership develops. What Does This Mean for Gamers and Investors? For gamers interested in the Cross the Ages universe, this partnership suggests a stronger, better-supported launch for Arise and potentially more robust development for the entire project. Animoca Brands’ involvement often brings a higher level of polish and marketing reach. For investors interested in the CTA token or the broader blockchain gaming market, Animoca Brands’ acquisition is a positive indicator. It suggests institutional confidence and potential future growth catalysts stemming from the partnership’s initiatives. Conclusion: A Powerful Alliance in Web3 Gaming The partnership between Animoca Brands and Cross the Ages , coupled with Animoca Brands’ strategic acquisition of CTA token , marks a significant development in the Web3 gaming landscape. It highlights the increasing collaboration between established industry leaders and innovative new projects. By supporting the launch of Arise and contributing to the ecosystem, Animoca Brands is not just investing; it’s actively participating in building the future of interactive entertainment on the blockchain. This alliance is poised to bring new experiences to gamers and potentially create significant value within the Cross the Ages universe. To learn more about the latest Web3 gaming trends, explore our article on key developments shaping blockchain gaming institutional adoption. This post Animoca Brands Powers Up Cross the Ages Partnership, Boosts CTA Token Holdings first appeared on BitcoinWorld and is written by Editorial Team
Solana’s whale activity, strong fundamentals, and rising attention point to a stealth accumulation phase.
Pi Coin’s steep decline since May reflects waning hype and thinning liquidity following its mainnet launch, but technical patterns and upcoming events suggest a potential reversal. As volatility dries up and the price consolidates within a classic bullish wedge formation, momentum may return ahead of Pi Day 2 on June 28 and ongoing domain auction excitement. While risks remain, the stage is quietly being set for a possible rebound driven by both chart signals and fresh ecosystem developments. Technicals point to a Pi Network price comeback Yes, Pi Coin ( PI ) crashed into a deep bear market after plunging by over 60% from its highest point in May. It dropped to $0.5370 on Saturday, June 21, with its 24-hour volume falling to $74 million from a peak of $3 billion after its mainnet launch in February. The eight-hour chart shows that the Pi Coin price jumped to a high of $1.6675 in May. This surge happened as investors waited for the promised ecosystem news during the Consensus event in Toronto. It then plunged after the developers launched Pi Network Ventures , a $100 million fund to invest in startups. The chart shows that the MACD indicator has continued falling, a sign that it is not volatile. Similarly, the three lines of the Donchian Channels have narrowed, also a sign that they are not volatile. A period of low volatility is often a sign of accumulation among investors, which results in a bullish breakout. You might also like: Here’s why the Kaia price has gone parabolic Pi Network price has formed a falling wedge pattern, consisting of two descending and converging trendlines. A falling wedge is often a highly bullish reversal sign. The two lines of this wedge have narrowed, meaning that the coin may have a strong bullish breakout in the next few weeks. If this happens, the next potential target to watch will be $1, which is about 85% above the current level. The bullish Pi Coin price forecast will be invalidated if it drops below the key support at $0.3940, its lowest point this month. Pi Network price chart | Source: crypto.news Pi Day 2 could be a catalyst Pi Network has some potential catalysts that may push it higher in the longer term. For example, it could gain traction ahead of Pi Day 2 celebration on June 28. Also known as Tau Day, it is an alternative to the main Pi Day on March 14. This commemoration will happen on the same day that the .pi domain auction ends. Pi Domains had over 123,000 active bids and over 3 million bids during the auction. Another potential catalyst for Pi price is the ongoing ecosystem growth. In a note , the developers cited several applications that have launched on the network, including FruityPi, a fruit-matching game. Pi Network may also rebound as the odds of Federal Reserve cuts rise. In a statement on Friday, Christopher Waller, a Fed Governor, said that the bank may cut rates as early as July, which may benefit Bitcoin and other coins. Read more: Staked ETH eclipses 35m as crypto reserves fuel supply squeeze
While Bitcoin remains the crypto market’s anchor, the real action in the next bull run might come from the shadows. A fresh wave of altcoins is quietly positioning for major moves — and savvy investors are already watching closely. From DeFi leaders to real-world asset pioneers, these five projects could not only rival Bitcoin’s performance but potentially leave it in the dust. Let’s break down which altcoins are flashing early signals of breakout potential. Worldcoin (WLD): A Deep Discount with Massive Upside Potential Source: tradingview Worldcoin may be trading between $0.87 and $1.15, but this consolidation could be the calm before a breakout. With key resistance levels at $1.32 and $1.60, a reversal could offer gains of over 85%. The Relative Strength Index (RSI) dipping below 40 suggests the asset is oversold, potentially setting the stage for a strong rebound. As the project continues pushing forward with global digital identity infrastructure, it holds the kind of long-term vision that often gets rediscovered during bullish cycles. If sentiment shifts even slightly, WLD could catch fire quickly. Hedera (HBAR): Ready to Rebound from Oversold Conditions Source: tradingview Despite recent pullbacks, Hedera’s current zone between $0.14 and $0.18 puts it at a strategic accumulation level. The RSI hovering near oversold levels hints that bearish momentum may be fading. If HBAR climbs past the $0.20–$0.23 range, it could quickly unlock upside potential. With an expanding ecosystem, carbon-negative network credentials, and enterprise use cases across banking, supply chain, and sustainability, Hedera remains one of the most undervalued Layer-1s. The next market rally may finally reward its steady and institutional-grade growth. Ondo (ONDO): Undervalued with Strong RWA Narrative Source: tradingview Ondo’s price action around $0.72–$0.89 reflects a market in wait mode, but technicals show a setup for reversal. Its RSI below 40 highlights undervaluation, and a move past $0.99 could unlock a clean run toward $1.16 or higher—a potential 30% gain. As a leader in tokenized real-world assets (RWAs), Ondo’s strong fundamentals could drive renewed investor interest when market confidence returns. With increasing institutional attention toward on-chain treasuries and yield products, ONDO could be a strategic long play in a sector that’s just getting started. Uniswap (UNI): Set to Break Free with DeFi Momentum Source: tradingview Uniswap is holding steady between $6.03 and $8.49, with signs of building momentum after gaining 11% over the past month. Key support at $4.89 looks solid, and if bulls break the $9 mark, UNI could target $12—a potential 50% surge. As DeFi adoption accelerates, UNI remains one of the top platforms set to benefit from renewed market enthusiasm. Its dominance in decentralized exchange volume and the upcoming V4 upgrade could serve as major catalysts. With the right macro backdrop, Uniswap could once again lead the DeFi narrative. Ethena (ENA): A Comeback Story in the Making Source: tradingview Trading in the $0.26–$0.36 range, Ethena may seem quiet, but the chart paints a different picture. The $0.22 support is holding strong, and a breakout above $0.42 could lead to a rapid push toward $0.52—up to 44% higher. With interest in synthetic dollar solutions growing, ENA’s use case could make it a major gainer when the next wave of buyers enters the market. The project is still in its early growth phase, and volatility often comes before momentum in emerging narratives. Ethena may be one sharp breakout away from renewed attention. Conclusion In a market where Bitcoin often takes the spotlight, it's easy to overlook the hidden gems brewing just beneath the surface. But as history shows, bull markets are defined by unexpected winners. Whether it's the tokenization of real-world assets, decentralized finance innovation, or next-gen identity protocols — these five altcoins are armed with strong narratives and favorable technicals. If the bull run kicks off soon, they may not just follow the trend — they could lead it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BitcoinWorld AGM Group Triumphs: Crypto Mining Stock Avoids Nasdaq Delisting Threat In the often-volatile world of crypto mining stocks , companies listed on major exchanges like Nasdaq face constant scrutiny, particularly regarding listing standards. Recently, AGM Group Holdings, a key player in developing crypto mining hardware, found itself under pressure, facing the potential threat of Nasdaq Delisting . However, the company has successfully navigated this challenge, securing its position on the prominent U.S. exchange. What Led to the Nasdaq Delisting Warning for AGM Group ? AGM Group Holdings had previously received a formal warning from Nasdaq. The reason was straightforward: its share price had fallen below the required minimum bid price of $1. Listing on a major exchange like Nasdaq comes with specific criteria that companies must continuously meet to maintain their status. Falling below the minimum bid price is a common reason for companies to receive such warnings, triggering a compliance period during which they must rectify the situation. For AGM Group , this warning highlighted the pressures faced by companies in the cryptocurrency sector, which is often subject to significant market fluctuations that can impact stock valuations. The warning set a clear deadline for the company to bring its stock price back into compliance. How Did AGM Group Stock Bounce Back? According to a press release distributed via GlobeNewswire, AGM Group successfully met the conditions set by Nasdaq. The primary requirement was to lift its share price back above the $1 minimum threshold by the specified deadline, which was June 16. While the specific methods employed by AGM Group to achieve this compliance weren’t detailed in the brief announcement (companies might use strategies like market performance improvement, strategic announcements, or even a reverse stock split), the outcome is clear: they succeeded. On June 18, Nasdaq officially informed AGM Group that it had satisfied the necessary conditions to remain listed on the exchange. This confirmation brought a significant sigh of relief, removing the immediate threat of being removed from one of the world’s most prestigious stock markets. Why Does Staying Listed on the Stock Market Matter? Maintaining a listing on a major exchange like Nasdaq is crucial for several reasons, especially for companies in a rapidly evolving sector like crypto mining: Access to Capital: A listing provides easier access to capital markets, allowing companies to raise funds through stock offerings to finance operations, research, and expansion. Visibility and Credibility: Being listed enhances a company’s profile and legitimacy in the eyes of investors, partners, and customers globally. Liquidity: Major exchanges offer higher trading volumes and liquidity, making it easier for investors to buy and sell shares. Employee Morale & Recruitment: Stock options and a publicly traded share price can be important tools for attracting and retaining talent. For AGM Group , retaining its Nasdaq listing means it can continue to leverage these benefits as it operates within the competitive crypto mining stocks landscape. What’s Next? The Road Ahead for AGM Group While the immediate threat of Nasdaq Delisting has passed, AGM Group isn’t entirely out of the woods yet. The Nasdaq notification stated that the company must continue to meet all other listing requirements through at least September 29, 2024. This means AGM Group must maintain compliance not just on the minimum bid price, but also other standards related to market capitalization, shareholder equity, and corporate governance. This ongoing requirement underscores the continuous effort needed for public companies to remain in good standing with exchange rules. The performance of AGM Group Stock and the company’s operational success will be key factors to watch in the coming months. Broader Implications for Crypto Mining Stocks AGM Group’s experience serves as a reminder of the unique challenges faced by companies whose fortunes are closely tied to the volatile cryptocurrency market. Fluctuations in Bitcoin prices, mining difficulty, and energy costs can all impact the profitability and, subsequently, the stock price of companies like AGM Group. The need to meet stringent Stock Market listing rules adds another layer of complexity. Despite these challenges, the fact that AGM Group was able to regain compliance demonstrates resilience. It highlights the importance of sound financial management and strategic maneuvering for companies operating in this high-growth, high-risk sector. Summary: A Victory for AGM Group In conclusion, AGM Group Holdings has successfully navigated a critical period, avoiding potential Nasdaq Delisting by bringing its stock price back into compliance with the exchange’s minimum requirements. This is a significant positive development for the company, allowing it to maintain its access to public markets and investor confidence. While challenges remain, including the need for continued compliance, this successful outcome is a testament to the company’s efforts to solidify its position within the crypto mining stocks market. To learn more about the latest crypto mining stocks trends, explore our articles on key developments shaping the Stock Market and the broader crypto sector. This post AGM Group Triumphs: Crypto Mining Stock Avoids Nasdaq Delisting Threat first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News reports that a notable Ethereum whale, active since 2016, recently transferred 5000 ETH to Coinbase, valued at approximately $12.11 million. This transaction, observed by cryptocurrency analyst AI Auntie
BitcoinWorld Texas Enacts Crucial Law Safeguarding Bitcoin Reserves The Lone Star State is making waves in the digital asset space! Texas Governor Greg Abbott has taken a significant step, signing legislation that directly impacts how the state handles potential Bitcoin reserves . This move highlights Texas’s growing interest in and support for the cryptocurrency sector. What Does HB 4488 Mean for Texas Bitcoin Holdings? Governor Greg Abbott recently enacted House Bill 4488, a piece of legislation that brings important protections for specific state funds. At its core, HB 4488 is designed to prevent designated state funds from being automatically transferred into general revenue. Why is this significant for digital assets? According to reports, this protection explicitly extends to any Bitcoin reserves or other digital asset holdings that might be established outside of the traditional state treasury framework. This provides a layer of security and stability for potential state-held digital assets, ensuring they aren’t subject to routine sweeps into the general state budget. Here are the key takeaways from HB 4488: Fund Protection: Prevents designated state funds from being swept into general revenue. Digital Asset Inclusion: Explicitly includes digital asset holdings, such as Texas Bitcoin reserves, established outside the main treasury. Increased Security: Offers a degree of stability and protection for these specific digital asset holdings. This legislative action signals a proactive approach from Texas in creating a framework that acknowledges and potentially accommodates digital assets within its financial structure. Will Texas Soon Be Buying Bitcoin? Exploring Senate Bill 21 While HB 4488 is now law, the fate of another crucial piece of legislation, Senate Bill 21 (SB 21), remains undecided by Governor Greg Abbott Bitcoin policy actions are being closely watched, and SB 21 could represent an even bolder step. SB 21 proposes permitting the state to purchase digital assets. However, it includes a significant condition: the state would only be allowed to acquire digital assets with a market capitalization of at least $500 billion. Currently, only Bitcoin consistently meets this substantial market cap requirement. If signed into law, SB 21 could pave the way for Texas to become a direct holder of Bitcoin, potentially adding it to state investment portfolios or reserves. This would be a landmark move, positioning Texas at the forefront of state-level digital asset adoption in the U.S. Comparing the two bills: HB 4488 (Signed): Focus: Protecting *existing or future* digital asset holdings (like Bitcoin reserves ) held *outside* the treasury from general fund sweeps. Action: Defensive/Protective measure for digital assets. Impact: Creates a safer environment for state entities considering or holding digital assets outside the traditional treasury. SB 21 (Pending): Focus: Enabling the state to *purchase* digital assets meeting a high market cap threshold ($500B+). Action: Offensive/Acquisition measure for digital assets (specifically Bitcoin, given the threshold). Impact: Could potentially make Texas a direct investor in Bitcoin. The decision on SB 21 is highly anticipated, as it could significantly alter the landscape for Texas crypto bill initiatives. Why is Texas Embracing Digital Assets? Texas has positioned itself as a friendly environment for the cryptocurrency industry, attracting miners, blockchain companies, and innovators. This legislative push, including HB 4488 and the consideration of SB 21, aligns with that broader strategy. Several factors likely contribute to this stance: Economic Development: Attracting crypto businesses creates jobs and stimulates economic activity. Innovation Hub: Aiming to be a leader in emerging technologies. Diversification: Exploring alternative assets for state funds (as potentially allowed by SB 21). Property Rights: Framing digital asset ownership within existing property rights frameworks. Governor Greg Abbott Bitcoin -related actions are seen by many in the crypto community as a positive signal, indicating governmental recognition and support for the asset class. Benefits and Implications of the Texas Crypto Bill The enactment of HB 4488 and the potential passage of SB 21 carry significant implications: Benefits: Increased Legitimacy: State-level action lends credibility to Bitcoin and other digital assets. Attracting Investment: A clear legal framework encourages more crypto businesses and investors to come to Texas. Potential State Asset Diversification: SB 21 could open doors for diversifying state holdings with an uncorrelated asset like Bitcoin. Setting a Precedent: Texas’s actions could influence other states to explore similar legislation regarding Bitcoin reserves and digital asset ownership. Potential Challenges/Considerations: Regulatory Uncertainty: While Texas is acting, the federal regulatory landscape remains complex. Market Volatility: Holding volatile assets like Bitcoin carries risks, which would need careful management if SB 21 passes. Custody and Security: Managing state-held digital assets requires robust security and custody solutions. The Texas crypto bill landscape is evolving rapidly, and these recent developments are key indicators of the state’s direction. Actionable Insights for Readers What does this mean for you, whether you’re a crypto holder, investor, or simply interested in the space? Stay Informed: Keep an eye on state-level legislative developments, not just federal ones. Texas is a significant player. Understand the Nuances: Differentiate between protective bills like HB 4488 (safeguarding existing/future holdings) and enabling bills like SB 21 (allowing purchase). Observe Trends: Texas’s actions are part of a broader trend of increasing institutional and governmental interest in digital assets. The actions taken by Greg Abbott Bitcoin and crypto-related legislation in Texas provide valuable insights into how traditional governance structures are beginning to interact with decentralized technologies. Conclusion: Texas Solidifies Its Pro-Crypto Stance Governor Greg Abbott’s signing of HB 4488 is a concrete step by Texas to provide a protective legal foundation for digital assets, including potential Bitcoin reserves held outside the traditional treasury. While the decision on SB 21, which could enable direct state investment in Bitcoin, is still pending, the direction is clear: Texas aims to be a leader in the digital asset space. This Texas crypto bill activity not only supports the state’s growing crypto industry but also signals to the broader market that digital assets are increasingly being considered within established financial and governmental frameworks. As the landscape continues to evolve, Texas’s legislative actions will remain a key area to watch. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Texas Enacts Crucial Law Safeguarding Bitcoin Reserves first appeared on BitcoinWorld and is written by Editorial Team