The DeFi Education Fund, a prominent lobbying group, and Beba, a Texas-based 
apparel company, have dropped a lawsuit against the US Securities and Exchange 
Commission. The lawsuit was filed back in 2024 as a pre-enforcement challenge, 
where the plaintiffs argued…

DeFi Education Fund and Beba drop airdrop lawsuit against U.S. SEC

Despite still having a market cap in the billions, Avalanche (AVAX) has 
struggled significantly over the last few years. The coin had seen its shine 
back in the DeFi summer of 2021-2022, but since then, it has essentially been 
downhill from there, save for a few recoveries over the years. Now, though, as 
the market enters what seems to be another accumulation trend, coins like AVAX 
are beginning to swim back to the fore, raising the question of whether there 
is still hope for them. Why AVAX Could Crash Further Crypto analyst RLinda 
shed more light on the current AVAX price movements and the bearish pressure 
that has engulfed it. Even while there has been an attempt on the altcoin’s 
part to actually recover, it has still fallen back to the bears, and declines 
continue to be the order of the day. Related Reading: Ethereum Foundation 
Sells ETH To BitMine As Whale Accumulation Intensifies The most recent 
recovery effort occurred last week as the digital asset pushed above $10 
again. However, with the AVAX price falling back down, it showed that the 
altcoin was trapped within a broader bearish trend. The sell-off also showed 
that sentiment was still leaning well toward the negative, and investors are 
taking any opportunity to offload and get out of the coin. After testing 
resistance at $10, it has now marked a significant level for bulls to beat if 
there is to be a continuation rally. As the crypto analyst explained, there 
are currently mixed signals with the AVAX price, given the current resistance 
and support levels. For now, the first major resistance has lain around $9.75, 
a level where a rejection has been the order of the day in the past. Once 
broken, though, it doesn’t mean that the cryptocurrency is out of the woods. 
For one, there are still the $9.820 and $10.28 resistance levels, both of 
which will have to be surmounted or AVAX risk further crash. Related Reading: 
Bitcoin Crash Far From Over? Analyst Shares How Painful Bear Markets Can Get 
If the bulls are rejected at these resistance zones and a local short squeeze 
is followed by the AVAX price trending below $9.75, then the analyst predicts 
that it would lead to further weakness. In this case, triggering a drop to the 
$8.7-$9.0 level. In the event of a drop, then the first support level is 
placed at $9.48. Then it is followed by the budding support at $9.06, before 
moving toward $8.71, where the last stand is expected to be made by the bulls. 
Featured image from Dall.E, chart from TradingView.com

Can Avalanche’s AVAX Rise From The Dead? The Zone That Could Change Everything

Spot Bitcoin exchange-traded funds in the US have now logged their longest 
streak of inflows since October last year, extending to six consecutive days 
as Bitcoin climbed over 12% during the same period. According to data from 
Farside Investors, Bitcoin…

Bitcoin ETFs log longest inflow run since October as institutional demand returns

Bitcoin price briefly surged to a six-week high of $75,937 on Tuesday, as over 
$330 million in short positions were liquidated in the past 24 hours. 
According to data from crypto.news, Bitcoin (BTC) price touched an intraday 
high of $75,937…

Bitcoin price hits six-week high driven by short liquidations and ETF inflows

The group of local individuals that handled the Onecoin scheme in Cordoba, 
Argentina, received jail sentences of up to 9 years and agreed to provide 
compensation to the plaintiffs. Another case involving bank employees linked 
to the crypto scheme is also being processed. Argentine Arm of Onecoin 
Sentenced to 71+ Years in Prison While Onecoin, […]

Cryptocurrency price in SAR