Ethereum trades near $1,649 as Binance and Coinbase whales place sell walls at $1,750 and $1,655, keeping ETH under pressure. Ethereum is facing fresh selling pressure as large holders continue to block its recovery. ETH was trading near $1,649 after falling about 2.40% on the daily chart. Binance whales are forming a sell wall near
Ethereum traded near $1,616 on June 11, down 3.14% in 24 hours, according to crypto.news price data. Summary Ethereum traded near $1,616 as selling pressure kept ETH down over 13% this week. Santiment data shows Ethereum is approaching 200m non-empty wallets despite weak market sentiment across crypto. Binance ETH open interest and perp-spot imbalance point
What the data confirmed In last week’s Bitfinex Alpha Intelligence Update, The Floor That Broke, we highlighted the ‘air gap’ present below $72,000, a thin band of realised-price distribution that offered no historical support, and which has become the key market feature behind BTC’s current velocity. That gap has now closed in full. As BTC
Delaware and New Jersey have advanced bills that would ban crypto ATMs as lawmakers respond to rising scam complaints tied to the machines. Summary Delaware and New Jersey advanced crypto ATM ban bills after lawmakers cited rising fraud complaints. FBI data showed 13,460 crypto kiosk complaints and over $388.9m in reported 2025 losses nationwide. Regulatory
In Hyperliquid news today, the Hyperliquid Policy Center and venture capital firm Paradigm filed a joint letter to the US Treasury on Tuesday urging a revision of the proposed anti-money-laundering rule tied to the GENIUS Act, warning that the current draft could force US-regulated stablecoins entirely out of DeFi by January 2027. Hyperliquid’s HYPE token
Pennsylvania Gov. Josh Shapiro has unveiled standards for large data center projects seeking state support. Summary Pennsylvania’s GRID Standards require data center developers to secure certification before receiving state incentives, fast permits, or tax benefits. The rules require developers to pay for new power generation and disclose project size, water use, and efficiency details. Separate
Iran’s main military command has closed the Strait of Hormuz to all vessels after fresh US attacks. Summary Iran’s Khatam al-Anbiya command said the Strait of Hormuz is closed to all vessels until further notice. Iranian media reported that Revolutionary Guards forces hit two ships attempting to pass through the waterway. US Central Command said
For years, privacy in transacting was one of crypto’s most ambitious promises. Then it took a back seat as other trends took off. As developers focused on scaling blockchains and regulators scrutinized privacy tools such as Tornado Cash, much of the industry’s attention shifted elsewhere. But a new Ethereum proposal and a growing number of
Nigeria’s Senate has advanced a bill that could create formal rules for crypto firms and virtual asset operators. Summary Nigeria’s Senate passed the Virtual Asset Service Providers Regulation Bill, 2026, for second reading. The bill would require crypto exchanges and other virtual asset service providers to obtain licenses. The proposal now moves to committee review
Strategy Inc. CEO Phong Le somewhat pushed back Tuesday against the wave of criticism that followed the company’s first Bitcoin sale since 2022, telling CNBC’s Power Lunch that the move was a deliberate, limited exercise designed to signal operational flexibility — not a philosophical reversal. “We wanted to inoculate the market and we wanted to
