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Ethereum’s drawdown deepens, but compressed leverage and negative funding raise odds of volatility before true capitulation.Ethereum is nearing a rare technical threshold, with price action pointing toward a sixth consecutive monthly red candle. According to market commentators, such an outcome would place the current drawdown just one month away from matching the 2018 seven-month losing streak, the longest in its history. Open Interest Collapse Signals Major Leverage Flush in ETHAs per Coinglass data, January closed down 17.52%, followed by a 19.81% decline in February. March has attempted stabilization but remains vulnerable. Should it close negative, Ethereum would enter statistically uncommon territory.…

Why it matters: Ryan VanGrack, Coinbase’s VP of legal and global head of litigation, is sharpening Coinbase’s challenge to state regulators, saying they are trying to rewrite Congress’ authority over derivatives.Coinbase has filed lawsuits in Connecticut, Illinois, Michigan and Nevada after launching prediction markets in partnership with Kalshi.Some of those states issued cease-and-desist letters or public warnings, arguing sports event contracts amount to illegal gambling.VanGrack said those actions left customers facing “real and imminent” threats that forced Coinbase to seek clarity in federal court.The argument: VanGrack says states are framing the issue incorrectly.Illinois officials argued in court that without state…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has reacted as expected to the conflict between the United States and Iran, continuing a pattern that has always appeared during previous geopolitical escalations. Crypto prices are digesting the latest developments, and analysts are comparing the current price structure to similar moments in 2022 and 2023, when Bitcoin initially sold off before staging strong recoveries. War Headlines And The 20%-40% Rally Pattern Recent geopolitical tensions are coming at an already fragile period for the crypto market. Bitcoin is already down 48% from its all-time high and…

WildMeta adds Aster DEX integration, enabling traders to access deeper cross-chain liquidity and discover decentralized trading strategies across multiple blockchains.WildMeta announced a strategic integration with Aster DEX to expand its Web3 trading discovery platform. As a result, the partnership enables users to access decentralized perpetual markets through a single gateway. As a result, traders now have access to deeper liquidity and advanced trading strategies between multiple blockchain networks.WildMeta Integrates Aster DEX, Unlocking $1B Daily Liquidity for Crypto TradersWildMeta revealed that Aster DEX will soon operate within its Execution Gateway. The gateway serves as a visualization interface between people and decentralized…

Democrats in the U.S. Senate continue to pile onto Binance, asking the Treasury and Justice departments to investigate its sanctions compliance and protections against illicit finance following reports of potential terrorism funding.Nine senators, including a few that have been instrumental in negotiations over the crypto industry legislation known as the Digital Asset Market Clarity Act, sent a letter Friday to the chiefs of the federal agencies, requesting they probe the exchange after news reports on possible breaches, which also claimed the company had fired some of the compliance personnel involved in discovering the transactions.The latest move from Democrats follows an…

Ripple’s $550M XRPL Expansion Could Drive XRP Demand Through DAO Governance and Institutional FinTech Growth.Ripple’s $550M XRPL expansion could drive XRP demand as it shifts toward decentralized funding and stronger institutional engagement. After investing over $550 million since 2017, Ripple is restructuring its capital strategy to reduce centralized control. The new framework introduces the XAO DAO, regional hubs, and an expanded FinTech Builder Program to support ecosystem growth.Decentralized Governance Through XAO DAORipple is introducing the XAO DAO to distribute decision-making power across the XRPL community. The structure allows members to vote on grant proposals and funding allocations. This approach shifts…

Bitcoin’s attempt to reclaim $70,000 earlier in the week lasted about 48 hours.The largest cryptocurrency slid to $65,735 in early Asian hours on Saturday, down 3% over the past day and 2.8% on the week. Wednesday’s rally, which came within touching distance of $70,000, has now given back more than half its gains as broader risk sentiment deteriorated through Thursday and Friday’s U.S. sessions.Altcoins took a harder hit. Solana dropped 6.7%, ether fell 6.2%, dogecoin shed 5.1%, and XRP lost 4%. The losses pushed most major tokens into the red on a weekly basis, erasing the altcoin outperformance that had…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Throughout February, the Bitcoin price barely showed real hopes of a trend shift from its stark bearish structure. However, in the last day, the flagship cryptocurrency has witnessed a modest amount of buying momentum, which might suggest an incoming short-term rebound, despite the ongoing conflict between the US and Iran. However, data from a recent on-chain analysis has revealed a contrary perspective to this speculation. Illiquid Supply Dominates Bitcoin Market In their latest Quicktake post on CryptoQuant, the analytics group, Arab Chain, highlights that the liquid supply…

ETH funding turns positive as $262M ETF inflows end 35-day outflow streak; price trades at $2,004 after $220M short liquidations.Ethereum funding rates have turned positive after weeks of bearish pressure, as $262 million in ETF inflows ended a 35-day outflow streak. The shift comes as short positions were cleared and options expiry removed near-term supply pressure. At the time of writing, Ethereum was trading at $2,004.Funding Rates Reverse as Shorts Exit PositionsEthereum perpetual funding rates across major exchanges have moved back into positive territory. This means long traders are paying a premium to hold positions. The change follows weeks of…

Bitcoin briefly reclaimed $65,000 before pulling back to $64,700 as the Iran conflict continued to escalate through Saturday.Iranian state media reported at least 70 killed in its Hormozgan province, per Aljazeera, including a strike on an elementary school. Israel activated air raid alerts after detecting fresh missile launches from Iran.Trump told the Washington Post that “all I want is freedom for the people.” NATO said it was “closely following” developments, China urged an immediate ceasefire, and Turkey offered to mediate.Bitcoin’s inability to hold $65,000 on the bounce suggests sellers remain in control, but the relative stability given the severity of…