Every so often, Ethereum’s biggest story is not a product launch or a governance clash. It is math. Vitalik Buterin’s latest writing on Plonk falls squarely into that category, drilling into the kind of cryptographic opt
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
The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com.
Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market. Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position. According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees. Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining. Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing.
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 […]
The post Vitalik Buterin Warns EU Chat Control Threatens Cybersecurity for Everyone appeared on BitcoinEthereumNews.com.
Ethereum co-founder Vitalik Buterin has warned that the EU’s revived Chat Control plan threatens cybersecurity for everyone, after European lawmakers voted Tuesday to fast-track the message-scanning bill back for a decision. Parliament will now hold a real vote on Thursday on whether to bring the scanning rule back, and opponents need 361 votes to stop it, a higher bar than usual because this counts as a second attempt at the same proposal. Tuesday’s vote itself was procedural. MEPs (Members of the European Parliament) approved the move to reopen the issue by 331 votes to 304, with 11 abstentions. It didn’t restore scanning on its own, it just cleared the way for Thursday’s substantive vote. Parliament Forces a New EU Chat Control Vote EU privacy rules normally bar companies from reading private messages. A contested exemption lets platforms such as Meta and Google s
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 USDT for Payments, USDC for DeFi: Two Stablecoin Markets appeared on BitcoinEthereumNews.com.
You can feel it on-chain. Stablecoins aren’t one big pool anymore. They’re splitting into two clear jobs. USDT is becoming the everyday money rail for cross-border payments and P2P commerce, especially where banking is expensive or unreliable. USDC is increasingly the pipe that DeFi runs on across Ethereum and the newer L2s. Same dollar intent, different routes, different frictions. If you’re building, trading, or paying salaries, this split changes how you move money, where you source liquidity, and which risks you accept.
Point
Details
USDT leads in payments
Low fees and wide P2P access on Tron pull remittances and merchant flows into USDT. Tether’s transparency shows most USDT supply lives on Tron.
USDC anchors DeFi
Major DeFi pairs, collateral standards, and L2 ecosystems lean USDC first, especially on Ethereum, Arbitrum, Optimism, and Base.
Two l
