The alleged scammer behind the ZKasino rug pull has reportedly lost over $27 million in a high-risk Ethereum trade as crypto market turbulence continues to catch overleveraged traders. On April 7, blockchain analytics platform Onchain Lens revealed that the scammer had exited a 20x leveraged long position on ETH using the Hyperliquid trading platform.

An attacker who stole more than $40 million through fraudulent project ZKasino liquidated a long position in Ethereum (ETH) with 20x leverage on Hyperliquid.

Ethereum faced heightened selling pressure for a lengthy period due to the volatility in the broader crypto market, causing its price to undergo a sharp pullback close to the $1,400 mark.

Ethereum (ETH), the second-ranked cryptocurrency by market capitalization, has been facing bearish pressure as its price plummets. ETH crashed below the critical support levels of $1,700 and $1,600 as the market continued to experience pressure from the trade tariff fallout.

Traders rushed to protect leveraged bets on protocols like Sky as ether dropped to FTX-bear market levels and macro factors weighed heavy on crypto markets.

The global cryptocurrency market shed over the weekend $300 billion in value, plunging from $2.75 trillion to as low as $2.35 trillion following the announcement of President Donald Trump's sweeping global tariffs.

Eric Trump, son of the sitting United States president, made a relatively unexpected endorsement of Ethereum (ETH) back on February 3. The executive vice president of the Trump Organization did so by means of a post on X.

Whales seem to be moving away from the first altcoin as well.

A Hyperliquid whale places a bold $70.3M Ethereum long with 20x leverage amid market turmoil, defying widespread liquidations and showcasing high-stakes trading during Ethereum's steep price decline. The post Hyperliquid Crypto Whale Bets $70.3 Million on Ethereum Long Amid Market Slump appeared first on Cryptonews.

Ethereum has dropped by 15.2% in the past 24 hours and currently sits at $1,497 per token as President Donald Trump's tariff announcement triggered a dramatic sell-off across all asset classes.

As markets reel from the escalating trade war sparked by U.S. President Donald Trump's sweeping tariffs, crypto analysts and industry leaders are warning that the turbulence may reshape the digital asset landscape—well beyond the current sell-off. What Happened: More than $800 million in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) liquidations have occurred in just the past 24 hours, according to data cited by QCP Capital, as Bitcoin briefly dropped below $75,000 and volatility spiked.

“Black Monday” rocked the short-term Ethereum price outlook, but supply on exchanges has now fallen to its lowest since mid-2024, setting the stage for a potential supply squeeze.

The stock and crypto market continued selling off on Monday as fear spread globally. Bitcoin (BTC) price crashed to $75,000, while Ethereum (ETH) retested the crucial support at $1,500 for the first time since 2023.

Global stocks are crashing for the third day in a row with Japan's Nikkei and China's Shcomp down 8% today in one of the worst performance in global markets, perhaps in history.

Ethereum is facing renewed downward selling pressure, with the entire crypto market entering a fresh downtrend in the past 24 hours. This renewed selling pressure has seen the Ethereum price lose a strong support level at $1,800, causing it to fall by about 14.5% from its price 24 hours ago at the time of writing.

A cryptocurrency wallet tied to ZKasino, a decentralized gambling platform, has lost over $27 million after a risky trade was wiped out during a drop in Ethereum's ETH price.

Bitcoin (BTC) and the crypto markets plunged on Monday morning (Asia). The week started with a bloodbath as Donald Trump's tariffs decimated the global stock markets.

An account linked to ZKasino, a gambling platform that stole more than $30 million from its users in 2024, lost $27.1 million after closing a long position on Hyperliquid.

An Ethereum ETH holder lost a large amount of funds after a price drop triggered an automatic liquidation on the lending platform Sky.

An Ethereum whale has taken a massive financial hit, losing over $100 million after the cryptocurrency's price plunged by 14% on April 6.

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market's downturn, which was exacerbated by Donald Trump's Liberation Day.

The crypto market's downturn, exacerbated by global tariff concerns, highlights its vulnerability to geopolitical tensions and economic policies. The post Bitcoin struggles below $77K, Ether, XRP, and Solana deepen declines ahead of US market opening appeared first on Crypto Briefing.

Ethereum has faced a sharp decline, breaking below multiple key support levels. Market sentiment remains bearish, with further corrective consolidations likely to precede deeper declines.

A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether (ETH) to the platform. However, instead of returning the funds, ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance.

The cryptocurrency market experienced a staggering $1.42 billion in liquidations over the past 24 hours, driven by a sharp decline in major digital assets following President Donald Trump's tariff policies and a broader market sell-off. What Happened: Bitcoin (CRYPTO: BTC) fell 7.5%, currently trading at around $76,650, while Ethereum (CRYPTO: ETH) dropped 17%, XRP (CRYPTO: XRP) 15%, and Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) both shed 16%.

The notorious ‘Hyperliquid 50x whale' is back in action with a newly formed long position of 47,253 ETH leveraged at 20x. The trader has gained a profit of nearly $2 million.

An Ether whale loses $106M after liquidation on Sky protocol during a 14% market crash, highlighting the risks of DeFi collateralization amid Ethereum's steep price decline and broader crypto market turbulence. The post ETH Investor Faces $100M Loss After Sky DeFi Liquidation Amid Market Crash appeared first on Cryptonews.

As the bloodbath in stocks and crypto assets continues, the top layer 1 cryptocurrencies are coming down to critical support. Will this hold, or will the crash persist?

On a morning when the charts turned red before the coffee even cooled, Ethereum (ETH) found itself in territory not seen since the end of 2023, dipping below $1,500. The 16.3% drop over the past week puts the major altcoin behind the general crypto market's decline of 9.5%.

"The uncertainty dragged Solana and Ethereum into a steep downtrend," an expert told Decrypt, saying current trading "smells of profit-taking."

TL;DR Ethereum drops 15% to the $1,500 range: Market volatility intensifies as whales swing between panic selling and quick dip buying. Massive DeFi liquidations triggered: Over $1.1 billion in ETH faces forced sell-offs on various lending platforms.

A well-known whale that shorted Ethereum (ETH) on Hyperliquid is now returning with a 20X leveraged long position, betting on an ETH price recovery.

Ethereum has extended its downtrend, setting fresh lows around $1,400 — a level not seen since early 2023. The continuation of selling pressure has shaken market sentiment, with many investors fearing that the worst is still ahead.

Ethereum (ETH) dropped 19.43% in 24 hours, hitting $1,452. Market cap fell to $175.31B while volume surged 405% to $32.31B.

Ethereum has dropped about 20% over the past 24 hours, falling below $1,500 for the first time since March 2023. Ethereum (ETH) is trading at $1,476 at the time of press, having recorded a 24-hour high of $1799.

ETH whales have been diligent in topping up wallets, but a flash crash could rile the market.

7 Siblings whale purchased over $42 million worth of Ethereum in the last 12 hours. Whales are leveraging the market dip and accumulating Ethereum in unprecedented ways.

Over the past 24 hours, $XRP has taken a tremendous hit. It has dropped by over 22% from its $2.14 high to its current $1.65 level.

Ethereum, Solana, and other major altcoins took a beating on Monday as the entire crypto market dropped more than 13%, following a big selloff in Asian markets, leading to more than $1 billion in liquidations.

An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH — worth more than $14.5 million — and 3.54 million Dai (DAI) to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.

The crypto market is in a state of chaos as Ethereum takes a major hit. In the past 24 hours, ETH has dropped over 14%, currently trading around $1,547. This steep decline comes amid broader market turbulence triggered by U.S. tariff measures and other economic uncertainties.

Assessing altcoins' next move amid renewed Trump tariff fears and macro uncertainty.

Ethereum (ETH) faced more price pressure from a series of liquidations and panic sales. At the same time, long-term holders are still buying ETH to lower their average price, with the Seven Siblings wallet buying at around $1,700.

Ethereum price crashed 14% below $1,600, triggering a $106 million whale liquidation as the broader crypto market lost $160 billion.

The European market opened Monday, April 7, with a similar bearish trend as the Asian market. With a similar choppy trend expected later today after the New York stock exchanges open, the crypto market has fallen in line with a 12 percent decline in its total valuation to about $2.

ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.

The amount of Ethereum available on exchanges has just dropped to its lowest level since 2016. A strong signal, as on-chain movements trigger growing interest among analysts looking for leading indicators.

The ‘Black Monday' stock market crash has adversely impacted the crypto markets; while the Bitcoin price plunged below $75,000, Ethereum lost $1500 after holding for more than 24 months. The panicked investors trigger a massive sell-off while the big whales have begun to liquidate massive amounts of ETH.