Tom Lee says Ethereum is undervalued as ETH trades below $2K, driven by tokenization growth and rising on-chain adoption. Ethereum has dropped from almost $5,000 six months ago to below $2,000 today. The decline has renewed debate about ETH and its market value. Fundstrat’s Tom Lee discussed Ethereum during a...
Ondo Perps Opens 20x Trading as Tokenized Stocks Enter DeFi Collateral
Ondo Perps launches 20x equity perps, letting traders use tokenized stocks, ETFs, and stablecoins as collateral. Ondo Perps has opened with up to 20x leverage on equity perpetual markets. The platform also accepts tokenized stocks and ETFs as collateral. The launch covers equities, indices, and commodities for eligible traders in...
Ctrl Wallet Shuts Down After Exploit, Urges Users to Withdraw Funds
Ctrl Wallet will disable core services on August 3, leaving only recovery phrase exports available. Users should move funds or import recovery phrases into supported wallets before the shutdown date. Ctrl Wallet warned that migration rewards, airdrops, and CTRL token offers are all fraudulent scams. Ctrl Wallet will permanently shut...
Solana Breaks Year-Long BTC Downtrend as Bulls Target $100 Soon
Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking...
Naver Delays Dunamu Share Swap Again as Approval Wait Continues
Naver Financial and Dunamu delayed their share swap completion to Dec. 31. FTC review and shareholder approval processes remain the main hurdles. South Korea’s Digital Asset Basic Act could still affect the deal’s outcome. Naver Financial and Dunamu have postponed their planned share swap for a second time, extending the...
Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge
Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has...
Coinbase Bitcoin Premium Goes Negative for 50 Days as Demand Fears Rise
Coinbase Bitcoin Premium Index stays negative for 50 days as BTC trades near $64K-$65K resistance after rebounding from $58K. The Coinbase Bitcoin Premium Index has stayed negative for 50 days, according to Coinglass data. The streak began on May 19 and is now the longest on record. The latest reading...
Ripple Executive Urges Washington to Stop Ignoring 67M Crypto Holders
Stuart Alderoty says 67 million Americans make crypto a major national constituency. NCA data shows U.S. crypto ownership grew by 12 million people over the past year. Alderoty says the CLARITY Act would provide clear rules without endorsing crypto. Ripple Chief Legal Officer and National Cryptocurrency Association President Stuart Alderoty...
Crypto Exchange Coinbase Wins UK FCA Approval for Stocks and Derivatives
Crypto exchange Coinbase wins UK FCA approval to offer stocks and derivatives, expanding its regulated investment services for UK retail and institutional investors. Crypto exchange Coinbase has received a major regulatory approval in the United Kingdom. The approval will enable the company to provide stocks and derivatives as well as...
Ethereum to $20K? ETH Thesis Sparks Altcoin Market Reset Debate Across Crypto
Ethereum tests $1,796 resistance as traders watch $1,816, $1,844 and $2,245 levels for ETH breakout signals. Ethereum is again at the center of market debate as traders assess whether ETH can reclaim key technical levels. The discussion has also pulled wider altcoin sentiment into focus. A recent ETH market thesis...