News

Two South Korean police officers, including a chief, have been arrested for accepting bribes from an illegal crypto exchange involved in a €175 million money laundering scheme, highlighting growing concerns about corruption in the digital asset sector.

A new NIBUD study reveals that Dutch students’ pocket money has increased by 29% since 2020, outpacing inflation. The report details average amounts by age and notes shifts in saving habits and part-time work.

Ethereum has dropped over 32% in three months, and despite a recent bounce, key indicators like the RSI show bearish divergence. Long-term holders are also offloading hundreds of thousands of ETH, suggesting the recovery may be weak and further downside is possible.

Ethereum is hovering around $3,000, and an analyst predicts a potential rise to $3,200, driven by unusually low stablecoin yields on lending platforms, indicating the market hasn’t peaked yet.

Bitcoin faces potential downward pressure as significant inflows to exchanges suggest traders may be preparing to sell, despite recent price stabilization and improving market sentiment.

The crypto market is emerging from extreme fear, with multiple indicators suggesting Bitcoin could be poised for a relief rally and potentially new all-time highs. Technical and sentiment analysis point to bullish momentum.

Following a significant market crash, analysts suggest Bitcoin’s market structure is improving. Mid-sized investors are accumulating BTC while risky leverage positions are being flushed out, potentially setting the stage for a healthier market.

A malicious Chrome extension named ‘Crypto Copilot’ has been discovered stealing small fractions of SOL from users trading on the Solana-based exchange Raydium. The extension, active since June, adds hidden transaction instructions to divert funds to a scammer’s wallet.

A cooling U.S. labor market is creating downward pressure on Bitcoin’s price as investors become more risk-averse. While weak jobs data can initially hurt crypto, it also raises expectations for Federal Reserve rate cuts, which could benefit the market later.

Arthur Hayes, BitMEX co-founder, warns that the newly launched Monad token could see a 99% price drop due to its ‘VC coin’ structure, despite its initial surge.