Binance unleashes a legal battle against The Wall Street Journal over disputed 
reporting while the newspaper releases a new report on a U.S. investigation 
tied to the crypto exchange. Binance Sues WSJ as US Reportedly Probes Iran- 
Linked Crypto Activity A legal dispute between Binance and The Wall Street 
Journal intensified on March 11 after the […]

Legal Clash Deepens as Binance Files Defamation Suit While WSJ Reports DOJ Inquiry

Ethereum price started a recovery wave above the $2,020 zone. ETH is now 
struggling to clear $2,080 and remains at risk of another decline in the near 
term. Ethereum started a recovery wave above the $2,020 zone. The price is 
trading above $2,020 and the 100-hourly Simple Moving Average. There is a 
declining channel forming with support at $2,000 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,080 zone. Ethereum Price Faces Key Resistance Ethereum 
price extended its recovery wave after it cleared the $1,965 zone, like 
Bitcoin. ETH price was able to clear the $2,000 resistance zone. The bulls 
pushed the price above the 50% Fib retracement level of the downward move from 
the $2,200 swing high to the $1,912 low. The price even spiked above $2,050 
but faced sellers near $2,090. The bears protected more gains and pushed the 
price below $2,050. Ethereum price is now trading above $2,000 and the 
100-hourly Simple Moving Average. There is also a declining channel forming 
with support at $2,000 on the hourly chart of ETH/USD. If the bulls remain in 
action above $2,000, the price could attempt another increase. Immediate 
resistance is seen near the $2,055 level. The first key resistance is near the 
$2,080 level or the 61.8% Fib retracement level of the downward move from the 
$2,200 swing high to the $1,912 low. The next major resistance is near the 
$2,135 level. A clear move above the $2,135 resistance might send the price 
toward the $2,150 resistance. An upside break above the $2,150 region might 
call for more gains in the coming days. In the stated case, Ether could rise 
toward the $2,200 resistance zone or even $2,220 in the near term. Downside 
Continuation In ETH? If Ethereum fails to clear the $2,050 resistance, it 
could start a fresh decline. Initial support on the downside is near the 
$2,000 level. The first major support sits near the $1,980 zone. A clear move 
below the $1,980 support might push the price toward the $1,910 support. Any 
more losses might send the price toward the $1,880 region. The main support 
could be $1,840. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $1,980 Major Resistance Level – 
$2,080

Ethereum Price Struggles Near Highs — Reversal Risk Rising

Bitcoin price failed to extend its recovery wave above the $70,500 zone. BTC 
is now consolidating and might decline again below $68,500. Bitcoin started a 
decent recovery wave above the $68,500 zone. The price is trading above 
$68,650 and the 100 hourly simple moving average. There is a key declining 
channel or a possible bullish flag forming with support at $68,400 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip 
again if it trades below the $68,400 and $68,000 levels. Bitcoin Price Faces 
Key Resistance Bitcoin price remained elevated and extended its increase above 
the $68,800 level. BTC climbed above the $69,500 and $70,000 resistance 
levels. The bulls pushed the price above the 61.8% Fib retracement level of 
the downward move from the $74,062 swing high to the $65,645 low. However, the 
bears are still active near $71,200. The price failed to extend gains and 
started a bearish wave below $70,000. Bitcoin is now trading above $68,800 and 
the 100 hourly simple moving average. There is also a key declining channel or 
a possible bullish flag forming with support at $68,400 on the hourly chart of 
the BTC/USD pair. If the price remains stable above $68,400, it could attempt 
a fresh increase. Immediate resistance is near the $70,000 level. The first 
key resistance is near the $70,500 level. A close above the $70,500 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $71,200 resistance. Any more gains might send the price toward 
the $72,000 level or the 76.4% Fib retracement level of the downward move from 
the $74,062 swing high to the $65,646 low. The next barrier for the bulls 
could be $72,650. More Downside In BTC? If Bitcoin fails to rise above the 
$70,500 resistance zone, it could start another decline. Immediate support is 
near the $68,800 level. The first major support is near the $68,400 level. The 
next support is now near the $68,000 zone. Any more losses might send the 
price toward the $67,250 support in the near term. The main support now sits 
at $66,500, below which BTC might struggle to recover in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $68,400, followed by $68,000. 
Major Resistance Levels – $70,500 and $71,200.

Bitcoin Price Rally Fades, Market Braces for Possible Downside

Bybit blocked more than $300 million in unauthorized withdrawals during the 
final quarter of last year — a figure that puts February&#8217;s total crypto theft 
losses in sharp relief. Related Reading: Bitcoin Crosses 20 Million Coins 
Mined — And Only 1 In 20 Remains According to security firm Nominis, close to 
$50 million was stolen across the entire crypto industry last month, a 
fraction of what Bybit alone says it turned away in just three months. 
Attackers Home In On Human Error The drop from January&#8217;s $385 million in 
losses might look like progress, but security researchers say the more 
significant story is where the attacks are coming from. Social engineering — 
scams that trick people into handing over access — caused more cumulative 
damage in February than traditional software exploits did. Phishing campaigns 
climbed sharply during the month, with criminals sending fraudulent messages 
designed to get users to click malicious links or sign transactions they 
shouldn&#8217;t. The most common method was authorization abuse. Victims were 
manipulated into granting wallet permissions without realizing what they&#8217;d 
approved. Once those permissions were in place, attackers could move funds out 
freely. Private individuals bore the brunt of these attacks, not exchanges or 
large protocols. One Breach Drove Most Of The Damage A single incident 
accounted for most of February&#8217;s losses. Step Finance, a portfolio analytics 
platform built on Solana, was drained of approximately $30 million. Strip that 
one event out, and February would have been remarkably quiet by recent 
standards. The broader numbers back that up. Blockchain security company 
PeckShield put February losses at $26.5 million — the lowest monthly figure 
since March 2025. PeckShield credited stronger risk controls and better 
security practices across the industry for part of the decline. Big Losses 
Still Loom Over The Industry Even with a quieter month on the books, the 
industry&#8217;s annual toll remains staggering. Data from Chainalysis shows crypto 
hacks cost the industry $3.4 billion last year. That figure underscores how 
much ground still needs to be covered before theft can be called a contained 
problem. Related Reading: Bitcoin ETFs Break 5-Month Streak With 2nd 
Consecutive Week Of Inflows Bybit&#8217;s own numbers offer a window into how much 
active work that requires. The exchange said its fraud systems flagged roughly 
350 high-risk addresses and stopped around 8,000 users from falling into 
potential scams — all in a single quarter. Reports indicate that while large- 
scale protocol attacks appear to be easing, the rise in scams targeting 
everyday users signals that criminals are simply redirecting their efforts. 
Better smart contract audits and stronger on-chain monitoring may be closing 
one door. But as long as people can be deceived into approving the wrong 
transaction, another door stays open. Featured image from Trillium Mutual 
Insurance, chart from TradingView

Crypto Thieves Pivot To Phishing As Protocol Hacks Decline In February

Stephen Gregory, a former compliance executive at CEX.IO and Gemini, has taken 
over as CEO of Binance.US, a crypto exchange that was once a target of a long- 
running SEC lawsuit.

Cryptocurrency price in CNY