The two companies would agree to merge, with CS Digital receiving $55 million 
in an all-share transaction, to combine Olenox’s energy expertise with CS 
Digital’s expertise in bitcoin mining. The combined company would seek to 
develop off-grid mining and AI data center initiatives close to generation 
sites. Key Takeaways: Olenox announced a possible $55M merger […]

Olenox Announces Merge With CS Digital to Develop Low Cost, Off-Grid Bitcoin Mining Opportunities

The interception highlights ongoing geopolitical tensions, potentially 
affecting global trade routes and market stability in the region.
The post US intercepts sanctioned vessel in Arabian Sea amid Iran enforcement 
operations appeared first on Crypto Briefing.

US intercepts sanctioned vessel in Arabian Sea amid Iran enforcement operations

A crypto analyst has identified a Golden Triangle, a rare structure that has 
been forming on the Ethereum (ETH) chart for almost nine years. According to 
the analyst, the Ethereum price has remained within this triangle during both 
bullish and bearish periods. However, he says the cryptocurrency is now 
approaching the apex of the triangle pattern, signaling an upcoming breakout 
either to the upside or downside. Depending on the direction of that breakout, 
the analyst has forecast ETH’s next move and possible price target. Related 
Reading: Bitcoin’s Big Players Are Accumulating — Is $80K Just The Start? 
Ethereum Golden Triangle Could Trigger A Surge To $10,000 A market analyst 
identified as ‘Merlijn The Trader’ on X has shared a new Ethereum price 
analysis, presenting both bullish and bearish scenarios. In a post shared on 
April 24, Merlijn said the Ethereum price is currently trading within a Golden 
Triangle pattern that has maintained its structure since 2017, two years after 
the cryptocurrency launched in 2015. According to the analyst, the pattern has 
withstood several major events that caused sharp price swings during all 
those. He pointed to the 2020 COVID crisis, when most cryptocurrencies 
suffered steep declines, including ETH, which also crashed significantly. Even 
so, he noted that Ethereum continued to hold within the Golden Triangle. The 
same pattern remained intact during the 2022 bear market, which followed ETH’s 
explosive surge to an all-time high above $4,800 in 2021. He added that even 
after reaching a peak in 2026 and undergoing another major correction, 
Ethereum remained within the triangle without breaking its structure. Because 
the structure has held firm through all these bullish and bearish events, 
Merlijn believes ETH could now be approaching a decisive breakout from the 
nine-year formation. Looking at his accompanying chart, he noted that ETH is 
moving closer to the apex, the highest point, of its Golden Triangle, where a 
breakout often occurs. Once the price reaches this apex, two outcomes are 
possible: Ethereum could either break upward or move lower through the bottom 
of the structure. In his bullish case, Merlijn believes an upside breakout 
could send ETH above $4,350 and push its price toward a measured target of 
around $10,000. Given how long the triangle has held, he expects Ethereum to 
continue trending higher, with occasional pullbacks, until eventually reaching 
an ambitious peak above $56,000. He placed this longer-term price target in 
2028, suggesting the rally could extend over the next two years. ETH Bear Case 
If Price Breaks Below Triangle For his bear case scenario, Merlijn The Trader 
noted that if Ethereum decides to go the opposite direction to break below the 
triangle, that move could trigger a decline toward $1,950. Currently, Ethereum 
is trading above $2,300, following its latest rally that saw it surge over 
36%. Related Reading: Stablecoins Go Institutional As Morgan Stanley Rolls Out 
New Portfolio If the cryptocurrency declines to $1,950, it would mark a more 
than 15% drop from current prices. Even so, despite outlining this downside 
risk, Merlijn remains confident that a breakout to the upside may be the 
likely scenario. Featured image from Unsplash, chart from TradingView

The Ethereum Golden Triangle That Has Predicted Every Move Shows Where Price Is Headed

Solana Foundation&#8217;s actions may enhance blockchain resilience and foster 
cross-chain collaboration, potentially boosting ecosystem trust and 
innovation.
The post Solana Foundation backs Aave recovery with first-ever USDT 
deployment, plans to bring AAVE to Solana appeared first on Crypto Briefing.

Solana Foundation backs Aave recovery with first-ever USDT deployment, plans to bring AAVE to Solana

The escalation risks destabilizing regional peace efforts and could lead to 
significant market volatility and geopolitical uncertainty.
The post Netanyahu orders IDF to intensify attacks on Hezbollah, ceasefire in 
doubt appeared first on Crypto Briefing.

Cryptocurrency price in SEK