What’s Dragging Ethereum Down? BitMine’s Tom Lee Has an Answer

Ethereum (ETH) has erased all its May gains, dropping nearly 10% in the past week.  The second-largest cryptocurrency hit an intraday low of $2,097 on Binance on Sunday, its lowest level since April 7. At press time, the asset traded at $2,116.82, down 2.88% over the past day. Follow us on X to get the […]

Ethereum Options OI Slips to $6.61B as Near-Term Calls Dominate Activity

Ethereum (ETH) options positioning eased slightly over the past day, with total open interest slipping to $6.61 billion even as traders concentrated fresh activity in near-dated upside bets—most notably a $2,400 call that led 24-hour turnover. The mix suggests a market that remains broadly constructive on ETH, while tactically trading short-term moves and volatility around […]

China Confirms Participation in ‘First of Its Kind’ Anti-Pig Butchering Operation

China confirmed its involvement in the operation that resulted in the arrest of 276 suspects and the closure of nine crime-focused facilities. The initiative might mark a new era of international cooperation to tackle and end pig-butchering scams. China Collaborated in the Largest International Anti-Pig Butchering Scam Operation While criminals are leveraging cryptocurrency and digital […]