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Financial research and analysis firm Fundstrat has tipped Ether to likely “bottom out” over the next two days before heading back higher, with an eventual rally to $5,500. “I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat Global Advisors Managing Director Mark Newton.His commentary was shared by Bitmine chairman and Fundstrat adviser Tom Lee on Thursday. Newton also noted that there has been a “minor three-wave pullback,” which he said was expected to end over the weekend.Newton said that Ether (ETH) has…

Multichain DEX aggregator Shapeshift announced support for shielded (private) transactions with the Zcash privacy cryptocurrency.According to a Thursday announcement shared with Cointelegraph, ShapeShift’s self-custodial decentralized exchange (DEX) aggregator and self-custodial wallet now support Zcash (ZEC) shielded transactions. The announcement comes as Zcash Community Grants allotted $50,000 to support ShapeShift’s technical and marketing investments.According to the announcement, with this move, the organization aims to “offer true privacy on-chain for its users.”This follows ShapeShift’s delisting of anoncoins, also known as privacy coins, in 2020 amid regulatory pressure. Still, this was back when ShapeShift operated as a centralized instant exchange, before it transitioned…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.ANALYSISPolymarket’s potential launch of the POLY token may mark the end of UMA’s reign over prediction markets and the beginning of an era where truth itself is governed in-house.So far, the token has only been teased. Nothing is known about the tokenomics or utility of the token, but given complaints from the community, it’s possible to speculate on…

Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X post on Thursday.“Once-free countries are introducing dystopian measures,” said Durov, referencing the European Union’s Chat Control proposal, digital IDs in the UK and new rules requiring online age checks to access social media in Australia.“What was once the promise of the free exchange of information is…

Key takeaways:Ethereum’s onchain activity is structurally higher, signaling durable growth.Institutional inflows and RWA tokenization are major catalysts for ETH demand.Technicals suggest a potential bottom near $4,100 to $4,250.Ether’s (ETH) onchain activity has entered what analysts termed a “new normal,” with sustained network engagement and rising institutional flows providing the clearest fundamental catalyst yet for a bull market continuity. Data from CryptoQuant shows Ethereum’s Internal Contract Calls, a metric tracking complex network interactions such as DeFi and real-world asset (RWA) tokenization, has undergone a structural shift since mid-July. The daily average has climbed to over 9.5 million from 7 million, signaling a…

Despite previously supporting a crypto market structure bill, several Democratic US senators have reportedly introduced a counter-proposal that could see decentralized finance protocols placed on a “restricted list” if deemed too risky. This move, among others they proposed, could “kill DeFi” or move it offshore from the US, according to critics. The Senate Banking Committee Democrats sent a proposal to the committee’s Republicans on Thursday seeking to impose Know Your Customer rules on the frontends of crypto apps — including non-custodial wallets — and to strip protections from crypto developers, Punchbowl News reported on Thursday.Crypto lawyer Jake Chervinsky said the counter-proposal could kill…

Securing a job in the crypto industry could be challenging for less-experienced candidates this year, with only one in 10 crypto roles at the entry level, according to a new survey from venture capital firm Dragonfly Capital.Crypto recruitment executives say the trend may be linked to a surge in failed crypto projects in recent times.“Crypto was hard to break into; less than 10% of roles were entry-level,” Dragonfly Capital said in a report published on Thursday, citing data collected from 85 crypto companies in late 2024 and Q1 2025, along with approximately 3,400 employee and candidate data points. Meanwhile, senior and…

The growth is being driven by rising liquidity on DeFi protocols like Suilend and Momentum.Sui, a layer 1 (L1) blockchain, reached a new all-time high in total value locked (TVL) of $2.6 billion on Thursday, according to data from DeFiLlama. The figure marks a 37% increase from one month ago and a 160% jump from a year earlier, when TVL stood at around $1 billion. Sui recently surpassed $156 billion in decentralized exchange (DEX) volume, and is the sixth-largest chain by 24-hour trading volume, per CoinGecko Meanwhile, the blockchain’s native token is changing hands at $3.39 with a market capitalization…

Ethereum price started a fresh decline below $4,600 and $4,500. ETH is now moving lower and might extend losses below $4,250 in the short term. Ethereum started a downside correction below $4,550 and $4,500. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,250. Ethereum Price Dips Further Ethereum price failed to stay above $4,550 and started a fresh decline, like Bitcoin. ETH price…

Privacy blockchain Monero has rolled out a new client update to provide users with greater security against “spy nodes” on the network. The “Fluorine Fermi” software update was announced via X on Thursday, with the team stating it is “a highly recommended release.”Fluorine Fermi is the name given to v0.18.4.3 of the Monero software: Monero The term “spy nodes” is part of the vernacular used in the Monero community. It refers to malicious nodes, groups of nodes, or botnets that have the potential to calculate and match IP addresses to transactions conducted on the network. The changes focus on using an…