PreStocksFi has launched tokenized pre-IPO stocks on Jupiter, allowing traders 
to access and trade shares of top private companies like SpaceX, OpenAI, and 
Neuralink. Tokenized pre-IPO stocks from PreStocksFi are now live and 
available for trading 24/7 via Solana&#8217;s #1…

PreStocksFi launches tokenized pre-IPO stocks on Solana via Jupiter

The $4,000 level has remained elusive for Ethereum even after rallying 40%+ in 
the months of May and July. The fact that the altcoin has been unable to clear 
this level points to this being the resistance to beat if Ethereum is to 
continue its uptrend. It also shows that there are forces keeping the altcoin 
from breaking this $4,000, and one market expert has attributed this to hedge 
funds, who have a unique interest in holding the price below $4,000. What 
Ethereum Above $4,000 Means For Options Traders In an X post, trader and 
market analyst Glen Goodman unveiled another angle to the beatdown that the 
Ethereum price has continuously suffered at the $4,000 level. This elusive 
price tag remains the singular hindrance to the ETH price possibility breaking 
its $4,800 peak from 2021, and its continuous trading below this price tag 
could be intentional. Related Reading: Bitcoin Could See Another Crash To Fill 
This Imbalance Before Rally To $120,000 Goodman’s post focuses on options 
traders and the hedge funds which they are betting against. Basically, since 
the hedge funds are still short Ethereum at this point, they need to suppress 
the price and keep it from reclaiming $4,000 in order to keep their positions 
in a profit. These professional traders or hedge funds are the ‘sellers’ who 
write the options, and they get a premium for doing so. Then the options 
buyers are paying a premium to the sellers as they are betting on the price of 
Ethereum actually going up above $4,000. So, every time the Ethereum price 
does reach $4,000, it gets beaten down so hedge funds can continue to profit 
from the premiums being made from buyers. What Happens If ETH Clears $4,000? 
In the event that the Ethereum price does cross $4,000, it means that the 
hedge funds will start to lose money, and the options buyers will begin making 
money. As the crypto trader explains, the higher the ETH price goes, the more 
money the options buyers make and the more money the hedge funds lose. This is 
why there always seems to be a violent pullback every time Ethereum comes 
close to $4,000 as the hedge funds continue to short it. Related Reading: 
Dogecoin Price Crash Could End Soon With A Roadmap For $5 Goodman explained 
that the hedge funds have been able to use this strategy to keep the Ethereum 
price below $4,000 and remain in profit. However, with each time that the 
altcoin comes close to the $4,000 level, the probability of breaking above it 
becomes higher. Over the long term, Ethereum&#8217;s price breaking $4,000 is 
incredibly bullish. “Strong resistance kicks in at $4000, so the price could 
really fly if it beats all the resistance in the early 4000s,” Goodman 
explained. Featured image from Dall.E, chart from TradingView.com

Here’s Why The $4,000 Level Is Important For Ethereum From An Options Point Of View

A group of cryptocurrency threat actors dubbed “GreedyBear” has stolen over $1 
million in what researchers describe as an industrial-scale campaign spanning 
malicious browser extensions, malware, and scam websites. GreedyBear has 
“redefined industrial-scale crypto theft,” according to Koi Security 
researcher…

Crypto scam group GreedyBear steals over $1m using fake extensions and malware

Inside sources say Binance is working with Spanish bank BBVA to keep crypto 
assets off exchanges, allowing customers to store digital assets in the bank 
instead of the platform. According to a recent report by the Financial Times, 
the major…

Binance grants Spanish bank BBVA crypto custody rights to prevent ‘FTX 2.0’: report

ALGO, AVAX, and SUI are showing strong technical setups and could see 
potential gains as they approach key resistance levels. Here&#8217;s what to watch 
for in the coming week. ALGO Algorand (ALGO) price has recently broken out of 
a massive…

Cryptocurrency price in EUR