Author: Olivia Martinez
Whale loses $106M in Ethereum (ETH) liquidation on Sky due to a 14% price drop. Crypto market sees $1.36B in liquidations, affecting 441,856 traders. Trump’s tariffs and economic uncertainty drive market sell-offs. An Ethereum whale on the decentralized finance (DeFi) lending platform Sky, formerly Maker, has been liquidated following the crash of the price of Ethereum (ETH). This whale lost 67,570 ETH, valued at approximately $106 million, following the sharp decline in ETH’s market price as the crypto market melts down following President Donald Trump’s ‘Liberation Day’ tariffs. The Ethereum whale lost 67,570 ETH to liquidation The whale’s downfall came…
Crypto ETPs faced $240 million in outflows last week due to US tariffs. Bitcoin ETPs were the hardest hit, with $207 million in withdrawals. The US led the outflows, followed by Germany. Global cryptocurrency exchange-traded products (ETPs) experienced a sharp reversal of fortune last week, with outflows totaling $240 million as investors grew wary of the potential economic impact of new US trade tariffs. This marks a significant shift after two consecutive weeks of robust inflows, which had amounted to $870 million, according to a report in CoinMarketCap. According to a CoinShares report, Bitcoin-related ETPs were the hardest hit, suffering…
Economic uncertainties continue to keep buyers on the sidelines, causing most cryptos to record double-digit losses in recent months. While fear remains the key emotion within the crypto space, most tokens recorded a corrective rebound on Tuesday’s session as they strive to find their footing. Even so, projects transforming the meme crypto space have maintained an upward momentum. Bitcoin Pepe, one such project has particularly captured the attention of enthusiasts looking to get the best from Bitcoin’s network and the meme culture. By building “Solana on Bitcoin” and developing the meme layer-2 solution on the unrivaled network, Bitcoin Pepe is…
Ethereum leads fresh crypto selloff amid Trump’s trade war. Trump’s insistence on tariffs dims hopes of avoiding a trade conflict. Ethereum fell over 6% to its lowest level since March 2023. Ethereum (ETH-USD), the second-largest cryptocurrency by market capitalization, spearheaded a renewed wave of selling across the digital asset landscape on Wednesday. The downturn comes as US President Donald Trump doubled down on his trade war, insisting on enforcing 104% tariffs on numerous Chinese goods, further diminishing hopes that a prolonged and damaging trade conflict could be averted. Ethereum tumbled more than 6% to reach its lowest intra-day level since…
Ethereum (ETH) price is showing recovery after falling to a low of $1,415. Bullish patterns and DEX strength signal a potential ETH price rebound. The upcoming Pectra update may drive ETH to $2,140. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has endured a tough quarter, with its price recently dipping to $1,415, reflecting a steep 61% drop from its December peak. This significant decline has cast Ethereum as a notable underperformer in the crypto market, sparking unease among investors and analysts. However, after hitting a low of $1,415, the price has shown signs of recovery, climbing to around $1,623.42,…
The SEC said it would defer its decision on the Grayscale ETFs until June 1. A final ruling deadline is set for late October. Ether’s market performance has lagged relative to peers in the current bull market. The US Securities and Exchange Commission (SEC) has postponed its decision on whether to permit Ether staking within two of Grayscale’s Ethereum funds, further drawing out a process closely watched by crypto market participants and asset managers. In a notice dated April 14, the SEC said it would defer its decision on the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini…
Local law allows payment for taxes, tickets, and permits. City partners with banks to convert crypto to fiat. Panama bypasses national legislation through local ordinance. Panama City is set to become one of the first Latin American capitals to formally integrate crypto payments into its municipal system, allowing residents to pay for public services in Bitcoin, Ethereum, and stablecoins. This move, driven by the city’s administration and not national legislation, marks a notable shift in how governments are embracing digital assets. Panama City Mayor Mayer Mizrachi confirmed the development via a post on X (formerly Twitter) on Wednesday. He stated…
Bitcoin’s market share rose to 59.1% despite falling 11.8%. Ethereum’s 2024 gains wiped out in Q1 2025. DeFi TVL fell 27.5% across multichain platforms. The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a strong rally across meme coins. But those hopes have since been dashed. According to CoinGecko’s latest quarterly report, crypto’s total market capitalisation fell 18.6% in Q1 2025, wiping out $633.5 billion in value. Trading volumes also took a hit. The report shows that average daily trading volume fell 27.3% compared to the previous quarter. Spot…
Fear remains the key emotion in the cryptocurrency space; an aspect that has been weighing on most majors and meme coins. For instance, coupled with its internal challenges, the risk-off mood has Ethereum price still trading below the short and medium-term MAs. However, steady investor confidence has benefited Bitcoin and Solana. At the same time, savvy investors are looking for opportunities in new crypto projects. As the first Bitcoin meme ICO, Bitcoin Pepe is one of the new entrants that have captured investors’ attention. It seeks to bring the meme culture home to the stable Bitcoin network; assuring meme lovers…
TL;DR: We are excited to announce that the applications are now open for the sixth cohort of the Ethereum Protocol Fellowship (EPF6). The EPF provides a pathway for aspiring protocol developers to make meaningful contributions to Ethereum. In each cohort, a diverse group is assembled to work toward advancing Ethereum’s roadmap during the fellowship. This includes the development of client implementations, testing and specifications, and participating in the latest core protocol research. With an overarching goal to find eventual placement for fellows in R&D teams working on core protocol development, EPF provides fellows with a unique opportunity to collaborate with…