The crypto market fell 3.16% in 24h, aligning with a Nasdaq sell-off and leveraged long liquidations. More… 1. SUI token unlock – $210M in SUI hit markets, amplifying supply pressure.
The crypto market rose 0.66% in the past 24h, aligning with a +16.58% gain over 30 days. Key drivers include Ethereum’s institutional momentum, Binance Ecosystem activity, and crypto’s tight correlation with tech stocks (Nasdaq-100: +0.89%).
1. Ethereum’s 10-year rally – ETH up 6.72% weekly, driven by BlackRock’s $153M OTC buy.
$ENA News 🚨 StablecoinX Inc has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation
Equity markets will now have direct access and exposure to the most important emerging trend in all of finance:
The growth of digital dollars and stablecoins.
To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation.
Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders.
🤯🔥Corporate Demand Grows, Revenue Record Breaks: What's Happening at Ethena❓🚀🤯
📊 1. Current Price and Market Volume According to the latest data, the $ENA price is approximately $0.489, up 23% in the last 24 hours. The last 7-day performance is approximately +48% The market capitalization is around $3 billion, and the 24-hour trading volume is approaching $2 billion. According to CoinGecko data, the FDV/TVL ratio is 1.21, with a 78% bullish community opinion. 🔍 2. Key & On-Chain Indicators Protocol revenues: Ethena's total revenues reached $290 million, surpassing Tether and Circle, indicating growing institutional interest. Exchange listing developments: The addition of #ENA pairs to major exchanges like Upbit has led to pumps exceeding 20%. 📈 3. Technical Analysis Trend and signals: According to Investing.com, the ENA is signaling "Strong Buy" across various timeframes; the overall outlook is "Strong Buy" across daily, weekly, and monthly periods. Price Action: The 4-hour chart is showing a strong uptrend, showing ascending bottoms and tops; the 30-EMA ($0.39) is above the support level; the breakout of $0.42 supports short-term momentum. RSI – Overbought: The RSI is at high values around 82; this suggests a short-term correction, but supports the trend's strength. 🎯 4. Support & Resistance Levels Short-term support: The $0.42 area is strong support; the 30-EMA is also strengthening this level. Resistance Zones: The current resistance line is around $0.495–$0.50. Targets can then be placed at $0.55 and $0.60. Pivot levels: According to Investing.com's technical data, the classic levels of R1 ≈$0.499, R2 ≈$0.5096, and R3 ≈$0.5264 stand out as critical resistance levels. 🚀 5. Short-, Medium-, and Long-Term Expectations Short-term (1-2 weeks): The trend is strong, and momentum continues. However, the overbought RSI and Fear & Greed index (~72) indicate the possibility of a slight pullback. Medium-term (1-3 months): According to CoinCodex, although a surmountable decline is possible, a strong rally could continue based on technical and fundamental data. Some analysts, such as Phemex, even predict that the #ethena could reach $3–$5 by 2027, but these scenarios are quite long-term and speculative. Long-term (6 months–2 years): The potential is high with DeFi and stablecoin dominance; a $3–$12 range is possible between 2027 and 2030. However, regulation and competition will be decisive. ⚠️ 6. Risks and Warnings RSI-driven pullback: Overbought signals pose a short-term correction risk. Volatility is high: According to CoinCodex data, the relationship with assets like Bitcoin is fragile; the market may experience volatility. Regulation & Competition: DeFi regulatory risks and stablecoin competition (Tether, Circle, etc.) may impact the ENA. Token distribution and unlocks: High supply circulation or early unlocks can put pressure on the price. 🛠️ 7. Strategy Recommendations Entry Points: The support zone around $0.42 is suitable for dip buying. Short-term target: $0.50–$0.55; if momentum is maintained, it can be increased. Medium-term target: $0.70–$1.00 if technical breakouts continue. Risk Management: Setting a stop-loss level around $0.39–$0.40 may be prudent. ✔️ Summary Table Term Outlook Summary Expectation Short-term: Strong uptrend continues; RSI signals correction Medium-term: Positive potential: If support at $0.42 holds, a move between $0.5–$1 is possible. Long-term: Large potential + High risk: Gradual increases such as $3–$5 (2027), $7–$12 (2030) are possible. 🧾 How to Monitor? Monitor price movements on daily and 4-hour charts. Monitor overbought/oversold conditions with oscillators like the RSI. Follow fundamental developments such as on-chain revenue, protocol growth, exchange listings, and stablecoin growth. Implement a stop-loss and a gradual buy-sell strategy. 🎯 Conclusion Ethena is currently in a strong uptrend. Both technical indicators and fundamental data (protocol revenue, listings, on-chain growth) support this rally, while overbought signals suggest the possibility of a short-term correction. The potential is high in the medium and long term; however, high volatility and regulatory risk should not be ignored. A gradual buy, stop-loss, and follow-the-development strategy would be wise.
North Korea’s Lazarus Group Was Behind the Bybit Hack
An on-chain investigation proved that the Bybit hack earlier today was carried out by the infamous North Korean Lazarus Group. As previous incidents showed, it will be nearly impossible to recover funds from these hackers.
Arkham Intelligence offered a bounty for strong evidence, which ZachXBT was able to provide. Apparently, Lazarus hackers used the same wallets today as in last month’s Phemex hack.
Bybit Becomes the Biggest Crypto Target for Lazarus
Bybit suffered a $1.5 billion security breach today, potentially the largest crypto hack of all time. Arkham Intelligence offered a bounty to uncover the actors behind this breach, and ZachXBT found significant evidence linking the attack to North Korea’s infamous Lazarus Group.
“At 19:09 UTC today, ZachXBT submitted definitive proof that this attack on Bybit was performed by the Lazarus Group. His submission included a detailed analysis of test transactions and connected wallets used ahead of the exploit, as well as multiple forensics graphs and timing analyses. The submission has been shared with the Bybit team,” Arkham claimed.
ZachXBT, one of the crypto community’s most famous investigators, has a lot of experience tracking the Lazarus Group. This North Korean hacker collective was responsible for nearly $1 billion worth of stolen funds last year.
Specifically, he claimed that wallets from the Bybit hack were connected to the Phemex breach in January.
At the time, this earlier breach was not clearly recognizable as Lazarus’ handiwork, but a more reliable paper trail has since been established. Now that a chain of proof exists, it must come as a relief to the community.
Immediately after the hack, some users baselessly accused Pi Network’s supporters of the crime because Bybit’s CEO criticized the project.
Bybit users have at least gotten some clarity, but it will be difficult to directly recover stolen funds from the hack. ZachXBT received Arkham tokens worth around $30,000 for this discovery. Since the attack is seemingly backed by North Korea’s nation-state actors, recovering the stolen funds would be extremely difficult.
However, Bybit hack victims at least get some peace of mind, which will hopefully prevent further false accusations from spreading.
The exchange’s CEO claims that all users will be reimbursed through existing reserves, but a solid plan hasn’t been released yet. For now, the wounds are still very fresh.
Why the crypto market is falling explained to 7 yr old kid:
- 🇺🇸 said AI is the future. - 🇺🇸 Companies started building AI giants like OpenAI. - 🇺🇸 gave a demo. People got scared. -🇺🇸 said it requires billions of dollars to build AI. -🇺🇸 Companies raised money by showing this fear. -🇺🇸 Companies stock in AI started pumping. -🇺🇸 NVIDIA Marketcap > the GDP of the UK, France
Then enters 🇨🇳
-🇨🇳 says what you are building in $100, we are building the better product in $5. - People used it and found it better. - People in the world are feeling "scammed" by American companies. -American companies are "overvalued".
They are selling US stocks, especially tech companies in AI. The panic is growing and spilling onto crypto, especially the AI sector, which has also gotten pumped recently due to the euphoria around AI.
Now, if you understand, go and hit the like button!
Why market is dumping is due to the DeepSeek app. 👇🏻
Ramalepe Kabelo
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WHY ARE BITCOIN AND CRYPTO DUMPING?
IN THE PAST FEW HOURS, BTC IS DOWN OVER 5%, WHILE LARGE CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE CRYPTO MARKET AND EVERYTHING TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING TODAY, AND IT'S JUST BECAUSE OF ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST < $10M TO DEVELOP, WHICH IS WAY LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT OVERTOOK CHATGPT TO BECOME THE #1 FREE APP ON THE APPLE APP STORE.
AS OF NOW, CHATGPT IS VALUED AT $157 BILLION, WHILE DEEPSEEK IS VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR CONCERN AMONG LARGE US INVESTORS AS THEY'RE THINKING THAT THE US STOCK MIGHT BE TOO OVERVALUED NOW, AND THEY'RE SELLING IT SINCE THE MARKET HAS OPENED.
I PERSONALLY THINK THERE'S NO NEED TO PANIC SELL YOUR CRYPTO AS THERE'S ALWAYS SOME FUD TO SCARE THE MARKET.
Kinda feel bad that crypto is all about memecoins now. First it was celebrities launching their cryptos for fun now the President and his wife launching her memecoin.
We have to accept it, Crypto is now becoming a joke.
Indirectly they're making fun of this market.
How some good projects will do something for this market when a joke will grab all the attention.