Author: Kryptonews

IntroductionEthereum (ETH), the world’s second-largest cryptocurrency by market capitalization, continues to demonstrate remarkable resilience through the first half of 2024. Despite ongoing macroeconomic headwinds, persistent inflationary fears, and increased regulatory scrutiny around digital assets, ETH has consistently maintained a strong floor above the $3,000 level. This psychologically and technically significant support range has withstood multiple retests, suggesting that Ethereum may be poised for a sustained bullish breakout. While traditional and retail investors remain cautious amid mixed market signals, contrarian investors are beginning to view ETH’s resilience as a compelling signal of long-term upside potential.Key Support Levels AnalysisTechnical chart patterns and…

Hong Kong Finance Secretary Paul Chan defended the city’s “same activity, same risk, same regulation” framework for digital assets while speaking at the World Economic Forum in Davos, according to the South China Morning Post.Speaking at a closed-door workshop in Switzerland on Tuesday, Chan said finance and technology were increasingly intertwined but required a balanced regulatory approach. He said:Digital assets should serve the real economy. But we must also build strong guardrails to address risks to financial stability, market integrity and investor protection.Chan pointed to the city’s “same activity, same risk, same regulation” principle for digital assets, which he said…

The British Museum announced today that 2024 was a record year for archeological discoveries made in the UK by members of the public, with 79,616 finds recorded. Of those, 1540 were “treasure” as defined by the UK’s 1996 Treasure Act, the highest number ever recorded for a single year. The announcement was first reported by the Independent. According to the British Museum, 2024 was the third consecutive record-breaking year, with numbers steadily increasing each year. Ninety-four percent of the discoveries were made by metal detectorists, reflecting the hobby’s increasing popularity in the UK. Related Articles The figures come from the…

DeFi protocol MakinaFi lost 1,299 ETH (~$4.1m) in a breach tied to MEV-style execution, with stolen funds split across two wallets now monitored by analysts. Summary MakinaFi suffered a breach that drained 1,299 ETH, worth around $4.1 million, with funds routed out via a series of suspicious Ethereum transactions.​ PeckShieldAlert traced the loot to two main wallets and flagged links to an MEV builder address, suggesting preemptive, transaction-order–based exploitation.​​ MakinaFi has yet to issue a detailed technical post-mortem or compensation plan as on-chain sleuths watch for moves toward mixers or centralized exchanges. Decentralized finance platform MakinaFi has been hit by…

Michael Selig named two people as senior advisers, one of whom helped with a law firm‘s letter that led to an SEC no-action letter on crypto custodians.Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced the appointment of a senior adviser with experience in litigating crypto and blockchain cases. In a Tuesday notice, Selig said Michael Passalacqua, a former associate at international law firm Simpson Thacher & Bartlett, would join the CFTC as a senior adviser. Selig cited Passalacqua’s experience with “financial regulatory matters involving crypto assets and blockchain technologies.” “Earlier in his career, [Passalacqua] served as assistant general…

Coinbase just updated its official asset listing roadmap to include two digital assets from the Solana (SOL) ecosystem that the exchange says may be listed in the near future. According to an update, the assets newly added to the Coinbase roadmap include Seeker (SKR) and FIGHT (FIGHT). Coinbase says asset transfers and trading for the listed assets are not supported until an official trading announcement is made. The exchange also warns that depositing these assets into a Coinbase account before support is live may result in permanent loss of funds. Seeker is a Solana-based utility and governance token tied to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In the current market structure, the Ethereum price continues to move in a separate direction from its network’s performance and fundamentals. While ETH’s price struggles to initiate a major rally, the network is performing at a remarkable pace, breaking past prior all-time highs in most aspects of the blockchain, such as staking. More Ethereum Getting Locked Away Even in the ongoing crypto volatile landscape, the supply dynamics of Ethereum, the second-largest cryptocurrency asset, are undergoing a quiet but meaningful shift. Currently, ETH staking is experiencing exponential growth,…

Philip Leider, the founding editor of Artforum, died at his home in Berkeley, California, on January 11 at 96. Artforum announced his death over the weekend, but did not state a cause. Leider’s career arc was an unusual one. He helped turn Artforum into a go-to source for serious, no-nonsense art criticism, serving as its editor starting in 1962. (Since 2022, Artforum has been owned by Penske Media Corporation, ARTnews’s parent company.) “It’s no exaggeration to say that Artforum in the 1960s was Phil Leider,” wrote art historian Michael Fried, a good friend of Leider, in a 1993 reflection. Related Articles Then, in 1971,…

ETH sold off at the weekly open, but its net taker volume metric turned positive for the first time in years. Will bulls take notice of the signal and attempt to press Ether price higher?Ether (ETH) derivatives data has begun to highlight a structural shift. After nearly three years of sell-side dominance, ETH’s net taker volume has turned positive, possibly pointing to renewed interest from futures traders.Key takeaways:ETH Net Taker volume reached $390 million since Jan. 6, the largest buy imbalance since January 2023.Since 2023, positive taker volume has aligned with range bottoms and the continuation of uptrends.ETH holds above…

Solana (SOL) price dropped below $130 for the first time since Jan. 2 as onchain data suggested that a strong recovery could be in the cards for the top-10 altcoin.Key takeaways:SOL dips below $130 amid marketwide pullback, but whales remain confident as they load up more tokens. SOL exchange supply falls to two-year lows, signaling a reduction in sell pressure.Recovery in network activity boosting onchain demand for SOL.SOL’s accumulation trend strengthensSOL whales remain confident about the prospects of a further rally, using the pullback to $120 seen at the end of 2025 to accumulate more tokens. Data from Glassnode reveals that whale…