Latest Crypto News & Market Updates

Ethereum Foundation Sells Another 10K ETH to BitMine for $22.9M

Just one week before to this sale, at $2,387 per coin, a transaction involving 10,000 ETH was finalized.The Foundations ETH sales have been the subject of criticism in the past, and the organization even announced plans to cap them last year.　　In its third round of over-the-counter (OTC) sales to BitMine Immersion Technologies, the Ethereum Foundation has sold 10,000 ETH for an additional $22.9 million, or an average price of $2,292 per coin.　　In a post on X published on Friday, the Ethereum Foundation said that the proceeds from this sale would go toward supporting the organizations fundamental purposes, including protocol research and development, ecosystem development, community grant financing, and more.　　Just one week before to this sale, at $2,387 per coin, a transaction involving 10,000 ETH was finalized. In March, the Foundation sold 5,000 ETH to BitMine for about $2,043. This was the first sale to BitMine. Combined, BitMine has purchased ETH from the Foundation valued at almost $47 million in the last seven days.　　Rising Criticism Over Sales　　This comes after last week, the foundation reportedly abandoned its declared aim of having 70,000 staked ETH and instead unstaked 17,035 ETH, valued at almost $40 million. The Foundations ETH sales have been the subject

05-03Ethereum

Ethereum (ETH) Price Prediction: ETH Holds Near $2,300 as Bulls Eye $2,340 and CME Gap Zone

Ethereum (ETH) is trading near a key breakout zone, with bulls watching the $2,340 resistance as a potential trigger for a move towards the $2,400–$2,650 CME gap region.　　Ethereum price is trading near a key decision area as ETH continues to hold around the $2,300 region. The latest setup shows a market that is no longer falling aggressively, but still needs a clean breakout to confirm stronger upside.　　According to Brave New Coin, Ethereum is trading around $2,307, nearly flat over the last 24 hours, with 24-hour volume above $7.26 billion.　　Ethereum (ETH) was trading at around $2,307, down 0.05% in the last 24 hours. Source: Brave New Coin　　Bullish Divergence Keeps $2,340 in Focus　　The short-term technical picture has improved after Ethereum reacted from support. Trader Symba highlighted that ETH showed a bullish divergence near the $2,265–$2,275 zone, where price made a lower move while RSI started to recover.　　That reaction pushed ETH higher and brought price close to the $2,340 resistance area. This level is now the first major upside test. A clean move above $2,340 would show that buyers are gaining control and could open a push towards $2,400.　　ETH reacted from the $2,265–$2,275 support zone after bullish divergence appeared, with $2,340 now acting

05-03Ethereum

Iran expands military strikes, heightening instability and leadership change odds

## Market Snapshot　　Reza Pahlavis potential entry into Iran by June 30 is currently priced at 4.5% YES, down from 6% a week ago. The likelihood of an Iran leadership change by December 31 is priced at 33.5% YES, slightly decreasing from 36% in the past 24 hours.　　## Key Takeaways　　– The expansion of Iranian strikes suggests increased instability, impacting the likelihood of a leadership change in Iran. – Market pricing indicates that the ongoing conflict may influence Iran‘s leadership status by the end of 2026. – Prolonged conflict and broader regional involvement suggest potential shifts in Iran’s political landscape.　　## Article Body　　The Iran conflict, which began with Operation Epic Fury led by the US and Israel, has now escalated into a broader regional war. Iran‘s military actions, initially defensive, have expanded to target key energy infrastructures and allied bases, extending into Turkey and other NATO territories. The conflict’s duration has surpassed initial expectations, with ongoing negotiations for a ceasefire amid continued military activity. The situation suggests a complex geopolitical landscape, with Iran asserting control over strategic regions like the Strait of Hormuz and maintaining significant enriched uranium reserves. This escalation could have substantial implications for regional stability and Irans internal political dynamics.　　##

05-03Industry

BARD Technical Analysis May 2

BARD is stuck in a narrow range at the $0.28 level ($0.28-$0.29) while the overall downtrend prevails, with RSI at 33.48 approaching the oversold region and MACD showing a positive histogram; this situation enables both bullish and bearish scenarios.　　Current Market Situation　　BARD is currently trading at the $0.28 price level and exhibiting a narrow consolidation in the $0.28-$0.29 range with a slight 0.50% increase over the last 24 hours. Volume remains at a moderate $8.65 million level, while the overall trend continues as a downtrend. Examining the technical indicators, RSI at 33.48 is positioned near the oversold region, potentially signaling a reaction buy, while MACD‘s positive histogram indicates bullish momentum. However, with the price remaining below EMA20 ($0.31), short-term bearish pressure prevails, and Supertrend’s bearish signal emphasizes the $0.36 resistance. Critical support stands at $0.2724 (strength score 87/100) and resistance at $0.2852 (60/100). In multi-timeframe (MTF) analysis, 2 strong levels were detected across 1D, 3D, and 1W timeframes: 1 support/1 resistance on 1D, with neutral structures on the others. This setup indicates that market participants are searching for direction, with clear triggers expected for both scenarios.　　Scenario 1: Bullish ScenarioHow Does This Scenario Occur？　　For the bullish scenario to unfold, the $0.2852 resistance

05-03Industry

FTC Seeks $4.7 Billion Restitution from Alex Mashinsky

The American Federal Trade Commission (FTC) has ruled that former Celsius Network CEO Alex Mashinsky must pay $4.7 billion in compensation for losses stemming from Celsius‘s 2022 collapse. The decision, announced on Tuesday in the U.S. District Court for the Southern District of New York, bans Mashinsky for life from the crypto and financial services industries. Most of the ruling is suspended; Mashinsky is currently only required to pay $10 million. If he lies in his asset declaration or hides significant assets, the full amount will be collected. This development marks the closure of one of the crypto industry’s largest fraud cases.　　Details of the FTCs $4.7 Billion Ruling Against Alex Mashinsky　　Celsius was a platform that allowed users to deposit and lend cryptocurrencies; however, its 2022 bankruptcy resulted in billions of dollars in losses. The FTC‘s complaint highlights that Mashinsky and other Celsius executives marketed these services misleadingly and deceived consumers. The ruling places the $4.7 billion liability remaining from Celsius’s bankruptcy directly on Mashinsky; it also imposes reporting and record-keeping requirements for up to 18 years. Mashinsky pleaded guilty in December 2024 to commodity fraud and manipulating the price of Celsiuss CEL token, receiving a 12-year prison sentence. Institutions such

05-03Industry

Crypto Billionaire Gifts Farage £5M: Tether Connection

Reform UK leader Nigel Farage received a personal gift of 5 million pounds (6,7 million dollars) from Christopher Harborne, one of the influential figures in the crypto sector, in 2024. Billionaire Harborne, who owns 12% of Tether, stated that he gave this money to cover Farages security expenses. Farage confirmed the development announced by The Guardian to The Daily Telegraph. The gift had not been officially disclosed according to British campaign finance rules. Harborne also made separate donations of 12 million pounds to the Reform UK party.　　Nigel Farages Parliamentary Candidacy and Timing　　Farage had not yet announced his parliamentary candidacy when he received the gift; shortly after, he entered parliament by winning the Clacton constituency. This timing strengthened claims that the gift was politically motivated. The UK government banned crypto assets as a means of political financing due to transparency concerns; this decision came after reviews of foreign interference. Reform UK was the only major party accepting crypto donations and received the countrys first crypto support in October 2025.　　Christopher Harbornes Tether Shares and Crypto Connection　　Harborne, living in Thailand, is a crypto giant owning 12% of Tether (USDT). Other crypto billionaires like Ben Delo, founder of Hong Kong-based BitMEX, also contributed to

05-03Industry

Arbitrum DAO Kelp Hacker Uses His ETH to Vote for DeFi United

Arbitrum DAO is voting to release the 30.766 ETH transferred by Kelp DAO‘s major attacker to the Arbitrum One address to the DeFi United initiative. The vote received strong yes support with 16.9 million ARB tokens in the first hour; no no votes yet, and the process will continue until May 7. This step aims to redirect the attacker’s frozen funds to rescue the DeFi ecosystem. The Security Council‘s quick intervention reflects the community’s urgent response. Suspicion that the attacker is from the North Korea-linked Lazarus Group makes the incident even more critical.　　Arbitrum Security Councils Quick ETH Locking Move　　On April 20, the Arbitrum Security Council locked approximately $71.1 million worth of ETH to limit the attack; the funds had been moved to the 0x0000000000000000000000000000000000000DA0 address and required DAO approval for release. The Council stated that it acted under the direction of law enforcement and protected the ecosystems integrity without affecting Arbitrum users. The Councils use of emergency powers with approval from 9 out of 12 members ignited centralization debates; some criticized it, while others defended the ecosystem mandate.　　Technical Details of the Kelp DAO Attack and Cross-Chain Exploit　　Days before the attack, hackers withdrew 18% of the protocol‘s rsETH, amounting to $292

05-03Ethereum

MegaETH MEGA Token Launch and ETH Impact

MegaETH MEGA Token Launch　　The Ethereum layer-2 network MegaETH, promising fast and cheap transactions for consumer-focused on-chain projects, launched its long-awaited native token MEGA on Thursday. MEGA, which was trading at the 0.156 dollar level at launch, has now reached a market cap of 176 million dollars and its fully diluted value points to 1.56 billion dollars. According to CoinGecko data, the token has declined about 30 percent since its morning opening; this is a common reaction in new token launches with limited initial liquidity. The project team is managing the token supply with an approach different from traditional vesting and has tied it to network performance.　　MegaETH tracks ecosystem growth through total value locked (TVL) and the circulating supply of its native dollar stablecoin USDm, while also monitoring factors like network speed and ETH detailed analysis. As these milestones are achieved, more of the total 10 billion supply will be released to the market; so far, only 1.129 billion has been made available for distribution. Contributors will earn rewards by staking their tokens, while long-term locks will provide higher returns. A significant portion of the total supply has been allocated to performance-based reward programs, while venture capital investors, team-advisors, token foundation,

05-03Ethereum

ETH Price Prediction: $2,450 Target Within 14 Days as Technical Breakout Aligns with Whale Accumulation

ETHs Current Technical Position　　Ethereum sits at $2,305, positioned above the 50-day moving average at $2,211 but trading 15% below the 200-day anchor at $2,727. The RSI reading of 53 provides room for expansion while the MACD histogram at zero marks a momentum inflection point where either bulls or bears will seize control.　　Bollinger Band positioning at 0.38 places ETH in the lower-middle section of its trading range, creating natural upside pressure toward the upper band at $2,407. This compression suggests energy building for a directional move rather than continued sideways action.　　Volume Dynamics Signal Strength　　The derivatives market reveals coordinated accumulation across multiple timeframes. Daily spot volume of $382 million combines with buy/sell ratios of 1.21 to show active demand at current levels. The funding rate sits neutral at -0.0004%, eliminating the over-leveraged positioning that precedes major corrections.　　Smart money positioning provides the clearest signal: top traders maintain a 1.28 long/short ratio while retail positions align at 1.60. When both institutional and retail flows move bullish without extreme positioning, sustained price advances follow. The $4.5 billion open interest confirms institutional conviction behind these levels.　　Analyst Consensus Points Higher　　Research teams at Blockchain.news have tracked increasing institutional confidence in Ethereum‘s 2026 outlook across major financial houses. The

05-03Ethereum

CryptoQuant warns Bitcoins April surge speculative, correction risk looms

Bitcoin　　CryptoQuant warns Bitcoins April surge speculative, correction risk looms　　Bitcoin price predictions for May 2 are currently priced at 0.1% YES, indicating low confidence in reaching $86,000. Ethereum price predictions for May 2 are at 99.9% YES for surpassing $1,900, showing high confidence in this outcome.　　## Key Takeaways　　– CryptoQuant‘s analysis suggests Bitcoin’s April price surge was driven by speculative activity rather than strong spot demand. – The warning of a potential correction appears to decrease market confidence in Bitcoin reaching high price targets imminently. – Ethereum market sentiment remains positive, with prices consistently predicted to remain above $1,900 on May 2.　　## Article Body　　CryptoQuant, a blockchain analytics firm, has characterized the recent surge in Bitcoin‘s price during April as “speculative” due to weak spot demand. This analysis raises concerns about the potential for a market correction. The report highlights a divergence between futures-driven price movements and the actual demand observed in spot markets. CryptoQuant’s insights come amid a backdrop of high volatility and speculative activity in the cryptocurrency market. The firm‘s warning adds to the narrative that Bitcoin’s recent price performance may not be sustainable without stronger underlying demand. As of now, market participants are closely monitoring these dynamics.　　## Market Interpretation　　The news

05-03Industry

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