Author: Benjamin Lee

Short squeezes and $11 million liquidations fueled the rapid Audiera (BEAT) price spike. Weekly burns and $2.9 million revenue added strong narrative support. $7.50 support is key, break below risks move toward $6 or lower. Audiera (BEAT) has become one of the most talked-about tokens in the digital asset market after recording an explosive move that pushed its price from below $1 levels earlier in the month to a recent high near $9.2053 on MEXC. At its current trading range around $9.0708, the token is up more than 61% in a single day and has gained over 1,400% across the…

The $54 support level is critical for the Hyperliquid price. HYPE futures open interest has fallen to $5.86B, triggering a leveraged unwind. Crypto Fear and Greed Index hit 15 as Bitcoin ETF outflows drove risk-off selling. The Hyperliquid price has dropped 11% in 24 hours to $55.35, making it one of the hardest-hit assets in an already rough day for crypto. While the broader crypto market is down, with Bitcoin falling 3.1% toward the $62,000 zone, HYPE’s losses were nearly four times larger; a pattern that tends to show up when a high-beta asset catches a deleveraging wave at the…

Zcash’s Orchard pool bug, undetected since 2022, sent ZEC crashing 52% to $303. The proposed Ironwood upgrade lets anyone verify ZEC’s 21 million coin supply cap. Analyst Yashu Gola warns of a rising wedge pattern, with $314 as the key support. Zcash (ZEC) suffered one of its worst weeks in recent memory last week. The privacy-focused cryptocurrency plunged from around $635 to a low of roughly $303 in a matter of days after Shielded Labs, a nonprofit developer on the Zcash network, disclosed a critical bug in its Orchard shielded pool, the part of the system responsible for hiding transaction…

The CEO of financial services titan JPMorgan Chase says banks will fight back against the CLARITY Act, the landmark crypto bill that seeks to establish a regulatory framework for cryptocurrencies and digital assets in the US.  In a new interview, Jamie Dimon takes aim at the proposed legislation saying that it lacks adequate guardrails to protect investors. He says the bill also fails to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions. “It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it…

Institutional investors just sold an overall total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the third consecutive negative week and the second-largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion. Bitcoin led the selling with $1.438 billion pulled out, which is its biggest weekly outflow this year. Ethereum witnessed $257 million in outflows. US products accounted for most of the redemptions at $1.63 billion. Germany recorded $25.7 million, Sweden $6.6 million and Hong Kong $4.5 million in outflows. Assets under…

DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain. Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation. Technical support sits at $15, while bulls could target $24 or higher next. DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges. The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside. DeXe price rises 11% amid volume spike…

The world’s largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves.  In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S. Securities and Exchange Commission (SEC), will likely drive use cases such as tokenized assets and decentralized finance (DeFi). The firm says the development will likely benefit the leading chains for tokenized assets and DeFi, namely the leading smart contract platform Ethereum (ETH), the high-performance network Solana (SOL), the Web3-focused decentralized blockchain…

Institutional investors just bought an overall total of $619 million in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows came despite significant late-week outflows. Crypto products saw $1.44 billion in inflows during the first three days, then $829 million flowed out on Thursday and Friday amid market volatility tied to rising oil prices. Bitcoin led the gains with $521 million in inflows, while Ethereum drew $88.5 million. Solana added $14.6 million. Smaller inflows went to Uniswap and Chainlink at $1.4 million each. XRP was the outlier, with $30.3 million in outflows. Short-Bitcoin…

The world’s second largest insurance broker is teaming up with the crypto exchange Coinbase and the Paypal USD (PYUSD) issuer Paxos to support stablecoin payments for insurance premiums. Aon plc says that it successfully demonstrated a proof of concept for insurance premium payment using dollar-backed stablecoins. The firm says it worked with Coinbase and Paxos to settle premium payments for their respective insurance programs. The transactions were executed across several blockchain networks including USDC on Ethereum and PYUSD on Solana.  Aon’s financial services group CEO Tim Fletcher says the insurance giant is the first mover in accepting stablecoins to settle…

Avalanche’s network has reached a new record high in distributed RWA value. Data shows over $1.16 billion on-chain, boosted by BlackRock. AVAX price looks to hold $9.00 support amid this ecosystem growth. Avalanche price hovered $9.25 on Wednesday as bulls attempted to solidify the uptick from intraday lows of $9.10. The declines had put AVAX price down about 4% in the past 24 hours amid wider market weakness, with most altcoins shedding gains after Bitcoin briefly slipped below $75,000. While the pullback in BTC could continue to pressure altcoins, could AVAX bounce to above $10.00 as the project hits a…