An investor who shorted Ethereum (CRYPTO: ETH) with massive leverage is now sitting on tens of millions in unrealized profit as the market plunged following President Donald Trump's tariff announcement. What Happened: The trader took a 50x leverage bet on ETH's decline on Monday, according to on-chain tracker Lookonchain.
Ethereum is faring far worse than the rest of the crypto market today as it falls below previous levels of support.
North Korea's Lazarus Group has reportedly laundered all the 499,000 ETH, roughly $1.39 billion, stolen from the Bybit hack in just 10 days. According to a Mar.
Bitcoin and other major cryptocurrencies fell on Tuesday as optimism around the proposed US Crypto Strategic Reserve faded. The drop also coincided with rising trade tensions, as President Trump confirmed that tariffs on Canada, Mexico, and China would go into effect in hours.
Ethereum bulls are accumulating assets following the crypto market dip, igniting similar demand in altcoins. The asset has recorded increased daily volumes this week, signalling a possible turnaround for most traders currently in the red zone.
Trump's tariffs on Canadian, Mexican and Chinese imports, taking effect Tuesday, have 'further fueled risk-off sentiment,' says an analyst.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump's announcement regarding a crypto reserve.
Ethereum has fallen below $2,100, hitting its lowest level since December 2023 as Trump tariff concerns rattle markets. The cryptocurrency is down 15% in the past 24 hours, trading at $2,063, according to crypto.news price data.
Every last 499,000 ETH—worth $1.39 billion—stolen from Bybit by the notorious Lazarus Group has been fully laundered, and it took them only 10 days for the stolen crypto to disappear into the blockchain, according to EmberCN on X.
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term.
$165 million in long ETH positions have been liquidated in the last 12 hours.
This comes as President Trump excludes ETH from his crypto policy plans.
Ethereum saw a sharp decline on Monday, dropping 10.29% to $2,220.06 by 13:27 (18:27 GMT) on the Investing.com Index. This marks its steepest one-day percentage loss since March 3, pushing its market cap down to $271.46 billion, representing 9.24% of the total cryptocurrency market.
CoinShares, a major European digital asset manager, recently published a significant report detailing the largest weekly outflows of crypto asset investment products on record. The data reveals that over $2.9 billion was withdrawn within the past week, pushing the three-week outflow total to $3.8 billion.
Ethereum (ETH) is gearing up for a major upgrade, known as the Pectra Upgrade, set for release on March 5, 2025. This update is expected to bring significant improvements to Ethereum's network, enhancing scalability, security, and overall performance.
Despite the significant liquidation volume, major lending platforms have demonstrated resilience, continuing to function as designed even under stress.
Zora, a multi-chain NFT and tokenization protocol, has revealed plans to launch its own token on Ethereum layer-2 Base with an airdrop.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
A crypto trader made $6.8M in 24 hours after executing 50x leveraged BTC and ETH trades.
Market funding rates have dropped since the infamous Bybit hack, which drained over $1.4 billion. This follows low sentiments amid creeping interest from bulls and large holders.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
Ethereum (ETH) has been making headlines as the crypto market experiences a positive start to March. Legendary trader Peter Brandt has shared his analysis of Ethereum's price action, highlighting a key chart pattern that could point to a significant price movement in the near future.
TRON DAO's active engagement at ETH Denver 2025 highlights its strategic role in advancing Web3 innovation and fostering blockchain talent. The post Tron DAO fuels Web3 growth at ETH Denver 2025, Golden Sponsor of Cube Summit appeared first on Crypto Briefing.
Crypto markets are pulling back after a strong Sunday as digital asset investment products saw their third consecutive week of outflows, with Bitcoin taking the biggest hit—$2.6 billion in outflows. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $85,736.90 -8.8% Ethereum (CRYPTO: ETH) $2,119.28 -15.5% Solana (CRYPTO: SOL) $144.10 -17% XRP (CRYPTO: XRP) $2.40 -16.3% Dogecoin (CRYPTO: DOGE) $0.1994 -14.8% Shiba Inu (CRYPTO: SHIB) $0.00001290 -14% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 25% and daily active addresses falling by 16.8%.
Another crypto market crash has occurred, with Bitcoin, Ethereum, Dogecoin and the XRP price dropping significantly today. This development is due to several factors, including the CME gap which the flagship crypto needs to fill below $90,000.
The Ethereum (ETH) price has crashed back below $2,200 to levels that are actually below those before US President Donald Trump's strategic crypto reserve announcement, that he said would include Ethereum. The post Ethereum Price Crashes 13% Despite Trump Crypto Reserve Announcement – Why? appeared first on Cryptonews.
Blockchain tracking firm Lookonchain says one crypto trader generated astronomical returns by betting big on Bitcoin (BTC) and Ethereum (ETH) as President Trump announced a potential US crypto reserve.
Shiba Inu ecosystem's main pair of tokens SHIB & BONE could serve as gas fee payment options on Ethereum.
This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
One of ZKNox's goals is to make post-quantum cryptographic operations more efficient on Ethereum, securing the chain for a quantum computing future.
TL;DR ZKnox, backed by the Ethereum Foundation, aims to improve Ethereum's security and efficiency through advanced cryptography and post-quantum solutions. The implementation of the Number Theoretic Transform (NTT) in Yul optimizes cryptographic signature verification, significantly reducing gas costs on Ethereum.
The crypto markets witnessed huge volatility in the past couple of days, which increased the global market capitalization to above $3 trillion. Bitcoin's price surged above $95,000, which prevented the price from falling from an extended bearish trend.
Ethereum could soar by 8.5% to reach the $2,540 level if it holds the $2,300 level.
Ethereum has experienced a massive price surge, jumping from the $2,200 level to $2,500 in just a few hours. This comes after a period of extreme selling pressure that saw ETH drop as low as $2,080 on Friday, leading analysts to expect further declines.
The crypto industry has rallied behind Bybit after a hack in which North Korean hacker group Lazarus stole over $1.4 billion.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices started the week well after Donald Trump unveiled his plans for a crypto strategic reserve ahead of the upcoming summit on Friday. BTC price rose 2.85%, hitting $93,000, while ETH and XRP prices soared 2% and 5%, tagging $2,365 and $2.65, respectively.
The Trump pump may prove to be short-lived, as Bitcoin, Ethereum, and other major assets are cooling off following Sunday's surge.
Ethereum Foundation is making personnel changes, Bybit exchange is dealing with the aftermath of the hack, SEC continues to close investigations into cryptocurrency companies, and other events of the outgoing week.
Ethereum recently failed to breach the $2,500 resistance, leading to a pullback. The altcoin king has since fallen, now trading at $2,354.
Open Interest (OI) on Ether rises in astronomical levels: can the largest altocoin's price follow suit?
White House-appointed ‘Crypto Czar' David Sacks confirmed that he liquidated all his cryptocurrency holdings—including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL)—before joining the administration. What Happened: In an X post on Monday, Sacks cited a Financial Times report detailing his crypto holdings.
The rivalry between Ethereum and Solana has taken a new twist with the current outlook of the DEX metrics over the past month. According to data from DeFiLlama, Solana has retained the top spot per DEX volume in the past 24 hours.
As the crypto market kicks off March on a positive note, veteran trader Peter Brandt shared his perspective on Ethereum's price action. In a tweet, Brandt stated that the "Ethereum (ETH) chart can now be viewed as a potential 11-month rectangle.
Ethereum price declined on Monday as investors took profit following Sunday's double-digit rise. The crypto coin was at $2,366 and down by 6.2% on the daily chart at press time, subdued by underlying bearish sentiment tied to concerns over global trade tariff war.
Donald Trump's decision to include select cryptocurrencies in the U.S. Crypto Strategic Reserves has stirred intense debate in the crypto space. According to CryptoQuant CEO Ki Young Ju, the U.S. is now using the crypto market as a strategic tool, especially for its national interests.
The marker keeps growing today, according to CoinMarketCap.
Ethereum's price has recently experienced a massive drop, coming much earlier than expected, as ETH has failed to make a new all-time high like Bitcoin. Yet, the bull market for the second-biggest crypto might not have begun yet.