Ethereum's tokenized economy, valued at approximately $200 billion, is prompting analysts to suggest that ETH is currently undervalued. This substantial backing, combined with a decrease in exchange supply and Ethereum's growing presence in traditional finance, indicates potential upward price movement for ETH. As the market continues to evolve, the fundamentals supporting Ethereum's valuation could lead to significant price appreciation. Analysts are closely monitoring these developments, suggesting that a breakout above current resistance levels could be imminent.
Coinbase has officially abandoned its plans to acquire UK-based stablecoin firm BVNK, a deal that was valued at around $2 billion. The decision came after both parties mutually agreed not to proceed following advanced negotiations and due diligence, which had placed the deal in exclusivity. This development raises questions about Coinbase's strategic direction in the stablecoin sector, especially as it seeks to expand its product offerings. The collapse of this acquisition could impact Coinbase's competitive positioning in the rapidly evolving crypto payments landscape.
Bitcoin's price has recently dipped below $104,000, facing significant resistance around the $110,000 mark. Analysts note that if selling pressure continues, the next support levels could be between $86,000 and $82,000, indicating a potential bearish trend if these thresholds are breached. Additionally, the total crypto market cap has seen a decline of over $100 billion in the last 24 hours, reflecting a broader market downturn. This volatility is further compounded by geopolitical tensions and regulatory uncertainties, which are contributing to a cautious sentiment among traders.
Despite a broader market decline, Solana ETFs have attracted significant inflows, totaling $6.8 million recently. This contrasts sharply with Bitcoin and Ethereum ETFs, which have seen substantial outflows, indicating a shift in institutional interest towards Solana. The positive sentiment surrounding Solana is bolstered by its recent ETF launches, which are drawing attention from yield-focused investors. As institutional capital flows into Solana, this could signal a potential bullish trend for the asset moving forward.
Turbo Energy, a company based in Spain, is set to pilot a tokenized financing initiative aimed at supporting renewable energy projects, specifically solar and battery installations. This initiative will be executed in collaboration with Taurus and the Stellar Development Foundation, marking a significant step in integrating blockchain technology with sustainable energy financing. The project will leverage the Stellar blockchain to tokenize debt financing, potentially streamlining investment processes and enhancing transparency in funding renewable energy projects.
The move towards tokenized financing in the renewable energy sector could have broader implications for both the crypto market and the energy landscape. By utilizing blockchain technology, Turbo Energy aims to attract a new class of investors interested in sustainable projects, potentially increasing capital flow into the renewable sector. This approach not only enhances liquidity but also provides a model that could be replicated by other companies looking to finance similar initiatives, thereby fostering growth in the green energy market.
Injective has introduced native Ethereum Virtual Machine (EVM) support on its Cosmos-based blockchain, marking a significant advancement in its MultiVM roadmap. This initiative aims to create a unified and composable environment that accommodates both WebAssembly (WASM) and EVM applications, enhancing the platform's versatility for developers.
The integration of EVM support is expected to improve interoperability between different blockchain ecosystems, allowing for seamless interaction between EVM-compatible applications and those built on Injective's infrastructure. This move could potentially attract a broader range of developers and projects to the Injective network, fostering growth and innovation within its ecosystem.
China's cybersecurity agency has accused the United States of orchestrating the theft of 127,000 Bitcoins, valued at approximately $13 billion, in a state-sponsored operation disguised as law enforcement. This allegation highlights ongoing tensions between the two nations regarding cybersecurity and digital asset management.
Publicly traded financial services firm SoFi has launched SoFi Crypto, allowing users to trade Bitcoin, Ethereum, Solana, and other cryptocurrencies. This marks SoFi's reentry into the crypto market after discontinuing its crypto services in 2023, indicating a renewed interest in integrating crypto trading with traditional banking services.
The UK's Financial Conduct Authority (FCA) has granted ClearToken approval to operate a settlement platform for cryptocurrencies and tokenized assets. This approval allows ClearToken to function as an Authorized Payment Institution, facilitating trades in cryptocurrencies and fiat currencies under regulatory oversight, which is part of the UK's broader strategy to modernize its financial infrastructure and strengthen digital asset regulation.
Zhimin Qian has been sentenced to 11 years and eight months in prison for orchestrating a pyramid scheme that led to the UK's largest Bitcoin seizure, involving 61,000 BTC worth approximately $6.4 billion. Additionally, New York prosecutors are seeking a new trial for two brothers accused of a $25 million Ethereum fraud after the initial case ended in a mistrial, reflecting ongoing legal scrutiny in the crypto space.
John Deaton, a lawyer known for his pro-XRP stance, has announced his candidacy for the U.S. Senate in 2026, aiming to advocate for crypto interests. His previous campaign received significant funding from the crypto community, and he is expected to face off against incumbent Senator Ed Markey, who has previously introduced legislation targeting crypto energy consumption.
The People's Bank of China (PBOC) is reconsidering its rate-cut strategy, as Goldman Sachs anticipates a longer pause in easing monetary policy. This shift may influence the broader economic landscape, including the crypto market, as changes in interest rates can affect investment flows into digital assets.
China has accused the United States of covert involvement in a $4 billion hack dating back to 2020, which is considered one of the largest Bitcoin thefts in history. The hack affected the LuBian mining pool, which suffered a major breach on December 29, 2020, losing 127,272 BTC, then valued at roughly $3.5 billion. The coins, owned by Chen Zhi of Cambodia’s Prince Group, remained dormant for nearly four years until the U.S. Department of Justice (DOJ) announced in October 2025 that it had seized 127,000 BTC and charged Chen.
Open-source crypto market intelligence delivered everyday.