BitcoinEthereumNews·
The post AscendEX Withdrawal Crisis Deepens: ZachXBT Sets Minimum Threshold for Crypto Theft Cases appeared on BitcoinEthereumNews.com. The AscendEX situation is getting worse, and ZachXBT is making sure the public knows exactly how bad it is. The on-chain investigator has now confirmed that the exchange’s hot wallet is effectively empty, ETH, USDT, and SOL nearly completely depleted, while deposits continue to flow in and the official team has gone more than nine days without making a single public statement. Internal leaks have added an uglier layer to the story: four months of unpaid employee salaries, a co-founder allegedly running a “family business” dynamic to keep staff compliant, and fabricated relationships used to maintain control as the whole operation appears to have unraveled from the inside. ZachXBT has also gone a step further, publicly revealing co-founder George (Jing) Cao’s Venmo account and telling affected users to chase their funds themselves, a move that reflects
Read full articleXRP remains under pressure across both the USDT and BTC pairs, with sellers continuing to control the broader trend despite several short-lived recovery attempts. While the USDT chart shows buyers defending an important support area, the XRP/BTC pair continues to trade near multi-month lows, highlighting the token’s persistent relative weakness against the market leader. Ripple […]
The post Ethereum Price Analysis: Fresh Pullback Pushes ETH Further From $2K appeared on BitcoinEthereumNews.com. Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal. Ethereum Price Analysis: The Daily Chart The daily chart shows ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more. Despite the rebound, Ethereum remains below the long-term descending trendline that has capped it since last year. The recovery has also stalled beneath the resistance at $1.85K, which almost aligns with the trendline and represents the first major barrier buyers must overcome
Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal. Ethereum Price Analysis: The […]
Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question. The useful way
Solana’s ETF story keeps gaining weight. The latest Bitwise-linked filing puts SOL more firmly into the institutional product conversation, even if approval is still a separate and much harder question. The useful way
The post BitMine Adds $70M in Ethereum (ETH), Nears 5% of Total Supply appeared on BitcoinEthereumNews.com. Ethereum News Ethereum (ETH) treasury firm BitMine Immersion Technologies added roughly $70 million in ETH over a single 24-hour window, on-chain data shows, pushing its holdings toward a self-imposed target of 5% of the entire circulating supply. The purchase, tracked by wallet analysts, follows the company’s disclosure of 42,197 ETH bought the prior week and marks another step in an aggressive accumulation campaign led by chairman Tom Lee. BitMine now ranks among the largest corporate holders of the second-biggest cryptocurrency by market value, and the pace of buying has visibly accelerated as the firm closes in on its supply milestone. According to the company’s own investor-relations disclosure dated July 6, BitMine held 5,742,237 ETH as of July 5, alongside 206 bitcoin, a $180 million equity stake in Beast Industries, a $71 million position in Eightco Holdings, and $527 mil
The post Ethereum Price Eyes Breakout as Bitmine Builds Its ETH Stack appeared on BitcoinEthereumNews.com. Key Insights: Ethereum Price held support after rejection near resistance. ETF inflows returned as buyers tested momentum. Bitmine’s ETH treasury added an institutional demand context. Ethereum Price recovered in early July as buyers returned to the lower trading range. The move followed renewed exchange-traded fund (ETF) inflows, fresh treasury demand, and a technical test near resistance. The setup mattered because ETH crypto traders watched whether spot demand could absorb selling pressure. A clean daily close above the current barrier would shift focus toward a higher recovery zone. Ethereum Price Faces Resistance After Rebound TradingView data showed Ethereum traded near $1,779 on July 7 after sellers rejected the $1,820–$1,850 resistance zone. The chart also showed buyers defending the $1,750 area during the latest pullback. Ethereum price chart | Source: TradingView That re
The post Crypto Market at Risk as BTC, ETH, XRP, and SOL Longs Build appeared on BitcoinEthereumNews.com. Analyst Joao Wedson says unliquidated long positions are dominating BTC, ETH, XRP, and SOL. Alphractal charts show large, long-exposure buildings across major crypto assets, while weak upward movement has increased concerns over leveraged positions. XRP, ETH, and SOL show higher sensitivity due to heavier long accumulation. Bitcoin and major altcoins are facing increased leverage pressure as unliquidated long positions continue building across the market. Analyst Joao Wedson highlighted data from Alphractal showing that BTC, Ethereum, XRP, and Solana are carrying a large amount of open long exposure after a weak upward move. Notably, the charts shared by the analyst show concentrated long positions across multiple assets, creating a market structure where a sudden decline could force leveraged traders to close positions. Long Positions Increase Across Major Crypto Assets Alphracta
