Crypto

Can Ethereum Sustain $2.2K After Major ETH Sell-off by WLFI and Genesis?

Ethereum's price faces pressure as Trump's World Liberty and Genesis Trading have sold nearly 10,000 ETH, valued at approximately $22.65 million. With such significant transactions unfolding, market observers are questioning whether Ethereum can maintain its current support level of $2,200. Traders are closely monitoring the situation, as large sell-offs often lead to increased volatility in the crypto markets. The impact of this sale on investor sentiment and liquidity in the ETH market will be crucial in the coming days. Overall, while Ethereum's fundamentals remain strong, the immediate future appears uncertain amidst these developments.

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RAVE Drops 10% Amid Rising Liquidations and Falling Open Interest

RAVE Drops 10% Amid Rising Liquidations and Falling Open Interest

RAVE has experienced a notable decline of 10%, signaling a bearish trend in the market. Long liquidations are increasing sharply, indicating that traders are facing mounting pressure. Additionally, a significant drop in Open Interest suggests that there is less overall market confidence. Analysts are closely watching these developments, as continued

Carrot Closes Operations Following Significant Losses from Drift Exploit

Carrot Closes Operations Following Significant Losses from Drift Exploit

Carrot has announced its decision to cease operations just weeks after suffering substantial losses due to the Drift exploit. This incident is seen as a stark example of the recent contagion impacting decentralized finance (DeFi) protocols. The exploit significantly diminished the value of Carrot, raising concerns over the vulnerabilities in

ZetaChain Faces Criticism Over Ignored Bug Report Amid $334K Exploit

ZetaChain Faces Criticism Over Ignored Bug Report Amid $334K Exploit

ZetaChain is under scrutiny as allegations arise that the platform neglected a critical bug report which could have mitigated a recent exploit totaling $334,000. This incident occurs amidst a troubling trend in decentralized finance (DeFi), with hacks reaching a staggering $629 million in losses for April alone, marking the