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Ethereum recently rejected from a key confluence zone, including the 0.618 Fibonacci level. With price back under the point of control, traders are watching closely for signs of a deeper move or a trap.Ethereum’s (ETH) price action has stalled at a technically significant region, the 0.618 Fibonacci retracement level, drawn from the most recent pivot high to low. This area is also reinforced by daily horizontal resistance and a descending VWAP, adding to its weight as a decision zone. After several failed attempts to push higher, ETH has now begun to roll over, trading back under the point of control…

While securing a non-fungible token (NFT) might sound like a good idea, doing so comes with cybersecurity risks for buyers. Anyone getting into this alternative investment type should understand the cyberthreats they’re up against. 1. Reentrancy Attack A reentrancy attack exploits a vulnerability to force smart contracts into infinite loops. Since these self-executing agreements execute imperatively — meaning each line of code must finish executing before moving on to the next one — they effectively unquestioningly hand over control when making external calls. If the called contract is malicious, it can make recursive callbacks. Since the caller must pause its…

Smart money participants in the market have halved their positions in PENGU, potentially due to weak fundamentals. Spot and derivative traders have followed suit. However, the possibility of a rally remains strong. Pudgy Penguins’s [PENGU] momentum has continued to weaken following its 135% rally in the past month. Its 24-hour movement, a 1.94% price increase, clearly indicates a lack of sufficient market sentiment. As analysts try to determine whether the rally will be sustained or if PENGU will drop further, AMBCrypto’s analysis shows that PENGU exhibits two-way price movement on the chart. Smart money reduces exposure to PENGU Smart money investors…

Corporate treasuries are poised to unleash a $330 billion bitcoin buying spree by 2029, signaling explosive adoption of crypto as a mainstream balance sheet asset. Bernstein Forecasts $330B Corporate-Treasury Led Bitcoin Inflows by 2029 Global research and brokerage firm Bernstein has issued a new forecast suggesting that corporate treasuries may direct approximately $330 billion into […]

A group of arts professionals called on the International Council of Museums (ICOM), a non-governmental organization that sets industry standards for participating museums, to eject Russia for violating the organization’s code of ethics. In an open letter published Monday in Le Monde, the group said it intended to take ICOM to court in France, where the nonprofit is headquartered, if it failed to oust Russia. “Because ICOM is an NGO subject to French legislation,” Christian Castagna, advocacy manager for non-profit For Ukraine, Their Freedom, and Ours! told ARTnews, “if it does not follow what is written in its statutes, its…

Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval.The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May 6 registration statement shows.Bitwise named Coinbase Custody as the proposed custodian of the Bitwise NEAR ETF. The management fee, ticker and stock exchange it seeks to list on weren’t named yet. Source: CointelegraphBitwise must also file a 19b-4 filing with the SEC to kickstart the regulator’s approval…

Key Takeaways:The US Federal Reserve Open Market Committee (FOMC) interest rate decision on May 7 will be a defining moment for risk-on assets, including cryptocurrencies. While the consensus points to no change in interest rates, Bitcoin (BTC) and altcoins could see gains if the US Treasury is compelled to inject liquidity to stave off an economic recession.A more accommodative monetary policy could stimulate activity, but the Federal Reserve (Fed) is also contending with a weakening US dollar. Some analysts argue that a US interest rate cut may fail to stimulate growth as recession risks persist, potentially creating an ideal environment…

Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious. Many seasoned professionals in finance, wealth management and economics often question blockchain’s relevance, asking, How exactly is blockchain supposed to fit into what we already do?This question reflects a few key ongoing skepticisms about blockchain within finance.Uncertainty about practical applicationsBlockchain offers some big promises: faster settlements, stronger security and better transparency. But actually applying those promises across banking, accounting and operations is still complicated.A 2021 APQC survey identified the main hurdles: a lack of industry-wide…

We are thrilled to announce the first-ever Devconnect Scholars Program! The Devconnect Scholars Program will provide talented and values-aligned individuals from communities currently geographically and demographically underrepresented in Ethereum with financial support to attend Devconnect in Istanbul this November. Apply to the program here by July 23rd, 2023. Why The Program Exists & Program Details For Ethereum to be a resilient and thriving protocol for human coordination – in the long term and for all humans – we believe there is a need for more diverse perspectives representing various geographies and demographics. Scholars are expected to bring their unique viewpoints…

The world’s top crypto exchange by trading volume is listing two new decentralized finance (DeFi) altcoins. According to a new announcement, Binance is listing Maple Finance (SYRUP) and Kamino Finance (KMNO) with a seed tag applied. “Binance will list Maple Finance (SYRUP) and Kamino Finance (KMNO) and open trading for the following spot trading pairs at 2025-05-06 15:00 (UTC). New Spot Trading Pairs: SYRUP/USDT, SYRUP/USDC, KMNO/USDT, and KMNO/USDC.” Binance’s seed tag is a classification for cryptocurrencies that are in their early development stages and may not yet have a fully established product or user base. Said tokens tend to be…