The company holds about 8,285 bitcoin in Coinbase Prime custody, a stake now worth roughly $545 million after a $235 million decline in value over the past three months.
Ethereum bounced back after a sharp dip, shifting trader focus to nearby resistance levels. Analysts on X pointed to $2,100 and a $2,125 sell wall as the next major tests for the rebound. Ethereum Rebounds Toward $2,000 as Traders Eye $2,100 Reclaim Ethereum traded near the $2,000 level after recovering from a sharp selloff, with market commentator Ted Pillows saying the token had “fully recovered from yesterday's dump.” On the daily Binance chart shared on X, ETH rebounded from a recent low near the mid $1,800 range and climbed back toward the $2,000 mark. The move erased most of the prior session’s losses and brought price back into a key horizontal zone that previously acted as support and resistance. Ethereum/TetherUS Daily Chart. Source: Ted Pillows on X (@TedPillows) The chart highlights $2,100 as the next level traders are watching. According to Ted, Ethereum needs to reclaim that area to strengthen the short term structure. The $2,100 zone aligns with a red resistance band on the chart, while $2,400 stands above as the next major supply area. Earlier breakdowns show ETH losing the $2,400 region before accelerating lower, which turned that level into overhead resistance. At the same time, the chart outlines lower support bands near $1,720 and $1,540. These areas marked prior demand during past consolidations. For now, Ethereum holds above the upper green support zone, while testing the lower edge of the $2,100 resistance region. A sustained move above that barrier could open the path toward $2,400, while failure to reclaim it would keep price inside the broader consolidation range. Ethereum Faces $2,125 Sell Wall as Traders Watch for Breakout Ethereum is approaching a sell wall near $2,125, a level that market commentator CW8900 said could act as resistance. In a post on X, he stated that $ETH will soon reach the $2,125 zone, describing it as a barrier that sellers may defend. The four hour Binance chart shared by the analyst shows a red resistance block positioned just above recent swing highs. Ethereum/TetherUS 4 Hour Chart. Source: CW8900 on X (@CW8900) The chart outlines a broader downtrend from late January, followed by a period of consolidation. After a sharp drop, Ethereum formed a base and then staged a rebound toward the highlighted resistance area. The $2,125 zone aligns with prior breakdown levels, where price previously failed to sustain upward momentum. According to CW8900, a breakout above $2,125 is essential for further upward movement. If buyers push through that resistance and hold above it, the next supply region sits higher near the mid $2,400 area. However, if the sell wall holds, Ethereum could face renewed pressure and remain inside the broader range marked by lower support zones.
Shiba Inu saw a massive injection of capital during the weekend, but luckily it turned around pretty quickly.
SYRUP volume has risen to 14.56 million dollars in the last 24 hours, confirming the 13% price increase and giving accumulation signals. As market participation increases, divergence within the dow...
A federal judge in Manhattan denied Binance’s motion to compel arbitration in a class action. The lawsuit alleges the exchange sold unregistered digital tokens to U.S. investors. The decision allows the case to proceed in open court rather than private arbitration. Judge Andrew L. Carter Jr. ruled that Binance failed to properly notify users about changes to its Terms of Use. The exchange added an arbitration clause and class action waiver in February 2019. However, the plaintiffs created their accounts between September 2017 and April 2018. The court found that posting updated terms online without direct notice was insufficient. The ruling cited precedent that users are not required to check for unilateral contract changes. As a result, the arbitration clause cannot apply to earlier claims. The class action traces back to lawsuits filed in April 2020. The case was dismissed in 2022 but revived in 2024 by the Second Circuit. The appellate court held that U.S. securities laws could apply to Binance. The Supreme Court declined to review that ruling in January 2025. Court Rejects Arbitration and Class Action Waiver Binance argued that its 2019 terms governed all disputes. However, the court rejected that position. It stated that unilateral modifications silent on accrued claims face limits under California law. The judge also addressed the class action waiver. Although a section referenced a “CLASS ACTION WAIVER,” the body did not define its terms. The court described the language as ambiguous. It interpreted the adhesion contract against Binance as the drafter. The plaintiffs voluntarily dismissed claims arising after February 2019. This narrowed the case to conduct before the arbitration clause existed. Therefore, the dispute now focuses on earlier token sales. The ruling comes amid changes in Binance’s regulatory landscape. The SEC moved to dismiss its enforcement action last May. Meanwhile, the private class action continues. Concurrently, Binance is also facing renewed political scrutiny in Washington. U.S. Senator Richard Blumenthal raised concerns about alleged exposure to $1.7 billion in transactions linked to Iran. However, as we reported, the crypto exchange has denied the claims and said it will share findings from an internal review with the U.S. Department of Justice. BNB Price Prediction and Technical Outlook Following the court decision, attention turned to the BNB price prediction. Market analysts note that BNB trades nearly 60% below its all time high within four months. The asset maintains a lower high and lower low structure. Crypto analyst Crypto Patel stated that BNB remains inside a bearish flag channel. He noted that $570 acts as key support. If the price breaks below that level, he expects another decline toward $450. He identified a breakdown target between $445 and $450. According to his analysis, no bullish divergence has appeared on major timeframes. Therefore, the bearish bias remains until the structure shifts. Source: X BNB price currently faces both legal and technical pressure. The court decision may not directly affect exchange operations. However, prolonged litigation could weigh on investor sentiment. Traders now monitor whether support levels hold. A sustained move below $570 could confirm the bearish setup. Conversely, a structural shift would require higher highs and renewed demand. However, despite the challenges faced by Binance, the token has been in the green zone despite the current bearish trend in the market. At press time, the BNB price was trading at $617.27, a 1.07% surge from the 24 hour low.
Bitcoin staged a sharp rebound over the weekend, ripping from lows near 63,000 USD back toward 67,000 USD after Iran confirmed that Supreme Leader Ayatollah Ali Khamenei had been killed in joint US-Israeli strikes. The move followed a violent sell‑off triggered by the initial bombing, which had briefly driven BTC below 63,100 USD as traders braced for an uncontrolled regional war and a prolonged risk‑off episode. Once confirmation of Khamenei’s death filtered through official and media channels, markets pivoted to a “regime‑change rally” narrative, betting that the conflict timeline could compress and the uncertainty premium weighing on risk assets might unwind faster than feared. Short Squeeze: Around $303M in Shorts Wiped Out Derivatives data show that the round‑trip move produced a sizable liquidation flush, with total crypto liquidations over 24 hours in the hundreds of millions of dollars and roughly 300 million USD of that tied to short positions as late bears were caught offsides by the reversal. One analytics summary cited more than 500 million USD in leveraged positions wiped out across a large number of traders as BTC swung from about 63,000 USD to 67,000 USD in roughly half a day. Within that, shorts bore the brunt of the pain, with an estimated 303 million USD in short liquidations acting as forced buy orders that accelerated the rebound once price broke back above the 65,000-66,000 USD zone. This short‑squeeze bid helped BTC push toward 67,000 USD even as headlines from the region remained highly fluid. War Risk, Succession Fears and the Outlook for BTC For now, the market is attempting to reprice the balance between war risk and the possibility of a faster resolution. Iran’s confirmation of Khamenei’s death, the declared mourning period, and the prospect of a succession struggle inject a new layer of political uncertainty, but traders are also speculating that the decapitation of Iran’s leadership could shorten the window for active hostilities. In that framework, Bitcoin’s recovery toward 67,000 USD is being read as a vote that the worst‑case scenario – an open‑ended, uncontrollable regional war is now seen as slightly less likely than it seemed when the first missiles hit Tehran. Looking ahead, key levels to watch are support around 63,000-64,000 USD and resistance in the 67,000-68,500 USD band. If geopolitical tensions stabilize and ETF flows stay constructive, BTC could retest recent highs, but with Middle East headlines still capable of flipping the risk narrative within hours, elevated volatility and sudden liquidation waves: both long and short are likely to remain a defining feature of price action.
Mahad Mohamed is a senior crypto tax and accounting specialist with over 25 years of experience in public accounting and tax advisory. His background includes work with Big Four firms and government tax authorities, giving him deep insight into regulatory review and enforcement. Mahad Mohamed is the CEO of Block3 Finance, a firm dedicated exclusively
TIA volume shows limited participation at 41.81M$, while the 7.61% rise gives an accumulation signal but unconfirmed. The low-volume rally carries fakeout risk in the downtrend; BTC correlation is ...
Ship traffic through the Strait of Hormuz has slowed dramatically this week after unverified broadcasts and operator warnings suggested the narrow waterway was “closed” to commercial vessels. Despite those messages, there is no confirmed, legally enforced full closure of the strait, which remains one of the world’s most important shipping chokepoints. The British UK Maritime Trade Operations (UKMTO) center reported multiple VHF Channel 16 messages claiming the strait was closed. However, UKMTO officials said they could not independently verify the broadcasts. They also cautioned that such radio statements do not carry legal authority under international maritime law, and advised mariners to stay alert, report suspicious activity and follow established safety procedures. Ship owners and insurers are watching closely as tensions rise in the region. In response to the uncertainty, many major shipping companies and traders chose to pause or reroute traffic. Satellite tracking showed tankers and cargo vessels idling near regional ports rather than transiting through Hormuz. Operators are erring on the side of caution to protect crews and assets, reflecting how perceived risk can alter global logistics even without a confirmed closure. Operators Halt Traffic, Supply Chains Feel Strain The risk perception around Hormuz has ripple effects far beyond the strait itself. Several global oil and gas majors, as well as independent trading firms, announced they were suspending shipments through the strait after the unverified broadcasts. Industry sources cited concern over potential conflict escalation, especially amid recent regional tensions between Iran and U.S.-aligned forces. According to maritime industry reporting, Japan’s leading shipping lines also halted or delayed operations around Hormuz. The companies said they would avoid new entries into the area until the security situation clarifies. These decisions illustrate how commercial operators are prioritizing safety and risk management amid unclear conditions and heightened military activity in the wider Middle East. Meanwhile, analysts warn that prolonged disruption, even without a formal closure, could affect energy markets and supply chains. About a fifth of the world’s crude oil flows through the strait under normal conditions, and even short pauses can tighten market balances. For now, vessels continue to operate on a case-by-case basis, weighing risk alerts against commercial imperatives. As of this writing, independent maritime authorities have not confirmed an official closure, and shipping advisories emphasize caution rather than prohibition. Mariners and global markets remain alert for developments that could solidify or ease the current pause in one of the world’s busiest sea lanes.
While US futures markets are closed, PAXG and XAUt are dominating the weekend gold price discovery. Market value grew 177% to 4.4 billion dollars. A rise was seen in geopolitical tensions. Current ...