Ethereum price may have bottomed, but pro traders show little interest in buying ETH

Ether (ETH) price has risen 6.4% from its March 30 $1,768 low but the altcoin has struggled to regain the $2,000 level. Some traders believe that the downturn is partially connected to the deflating memecoin market, which, while not exclusive to the Ethereum network, significantly reduced activity across the decentralized applications (DApps) ecosystem and broader … Read more

Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

Bitcoin price caught an unexpected bid by rallying to a session high at $88,500, but will the price gains be capped at a multimonth overhead resistance that is aligned with the 50-day moving average?  Key points: Bitcoin extended its April. 1 gains as news that the Trump administration had not finalized its “Liberation Day” tariffs … Read more

West Virginia’s BTC reserve bill is ‘freedom’ from a CBDC — State Senator

West Virginia’s Bitcoin (BTC) strategic reserve bill would give the state more sovereignty from the federal government and freedom from a potential central bank digital currency (CBDC), State Senator Chris Rose told Cointelegraph in an exclusive interview. “You hear these rumors that there are people at the federal government that will want to have a … Read more

Conservative cable channel Newsmax shares plunge more than 70% after a dizzying 2-day surge

A Newsmax booth broadcasts as attendees try out the guns on display at the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 29, 2022.  Callaghan O’hare | Reuters Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived. … Read more

FDUSD stablecoin depegs following claims made by Justin Sun

First Digital Trust has denied Justin Sun’s claims of liquidity issues, saying it is part of “smear campaign.” News COINTELEGRAPH IN YOUR SOCIAL FEED The First Digital US-dollar pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, … Read more