In Brief On-chain analysis reveals Iran’s Nobitex exchange used laundering-like methods—including peelchains and chip-off wallets—to routinely move funds months before the $90 million hack. A so-called “rescue wallet” had been active since October 2024, quietly collecting smaller BTC chunks from internal wallets long before the breach occurred. Post-hack fund movements followed the same pattern as…
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In Brief Invesco and Galaxy Digital file to launch a Solana ETF, seeking approval to trade on Cboe BZX exchange under ticker QSOL. This marks the ninth Solana ETF application, highlighting growing institutional interest in altcoins. Analysts predict high chances of SEC approval for Solana ETFs in 2025, with probability reaching 90% in prediction markets.…
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In Brief The total crypto market cap rises $28.5 billion to $3.26 trillion, aiming to breach $3.31 trillion; holding $3.21 trillion support is key to sustaining the uptrend. Bitcoin trades at $107,619, with a push to flip $107,724 into support; failure to hold $106,842 risks a drop to $104,643 and invalidates bullish momentum. Pi Network…
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In Brief New Bitcoin whales have realized over $228 million in losses since mid-June, driving volatility and panic selling. Key spikes on June 17 and 22 show newer investors exiting quickly under geopolitical pressure, especially near resistance levels like $110,000. Elevated Exchange Whale Ratio signals whales are preparing sell-offs, capping Bitcoin’s upside and sustaining market…
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In Brief SparkKitty malware targets crypto wallets by scanning users’ image data for seed phrases, posing a significant risk to mobile devices. Compromised apps, such as crypto price trackers and messengers, spread SparkKitty, with one app reaching over 10,000 downloads before removal. Kaspersky warns against storing seed phrases digitally, as malware like SparkKitty and similar…
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In Brief Chainlink and Mastercard are partnering to enable direct on-chain crypto purchases for billions of cardholders via decentralized exchanges. The collaboration includes firms like ZeroHash, Swapper Finance, and Uniswap to enhance liquidity and platform functionality. LINK price has suged nearly 8% today, benefiting from the overall market excitement surrounding the partnership. Chainlink announced today that…
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In Brief Solana has lost nearly 10% in a week, falling to $129 amid rising US-Iran tensions and broad market uncertainty. Key metrics like the Chaikin Money Flow (-0.13) and Elder-Ray Index (-20.74) show strong selling pressure and waning investor demand. If SOL fails to regain $130 support, it risks sliding further to $123. Bulls…
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In Brief On June 21, the team behind the Solana-based TRUMP meme coin transferred $32.8 million worth of the tokens to Binance. Lookonchain reported that this forms part of a broader pattern involving over $150 million in exchange deposits since April. These large, repeated transfers have raised market concerns and has contributed to a 90%…
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In Brief Pi Network’s token, PI, has dropped 10% in a week, continuing its steady decline from its $3 peak in February. The MACD indicator shows deepening bearish momentum, with PI’s MACD line below the signal line. Negative Balance of Power (BoP) indicates strong seller dominance, signaling further downward pressure on PI’s price. Pi Network’s…
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In Brief Crypto exchange Bybit is set to launch its first onchain trading platform, Byreal, on the Solana network. The decentralized exchange is designed to blend centralized exchange performance with DeFi transparency. The testnet for Byreal is scheduled to go live on June 30, with a mainnet launch expected later this year. Bybit, one of…
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