An affiliate of the crypto exchange Gemini received a designated contract 
market license and it now plans to offer prediction markets in the US.

Gemini nabs US license to offer prediction markets

Crypto markets look stable on the surface, but traders remain uneasy as the 
Federal Reserve and Bank of Japan (BOJ) line up back-to-back risk events. 
Crypto is quiet for now, though the stability feels temporary. Markets Steady 
as Traders Brace for FOMC and BOJ Some days feel too quiet, like the market is 
holding its […]

Crypto Holds Firm Ahead of Key Central Bank Decisions

The significant Ethereum investment by a Bitcoin veteran highlights growing 
confidence in Ethereum&#8217;s potential, impacting market dynamics and sentiment.
The post Bitcoin OG expands Ethereum long position to $392.5M on Hyperliquid 
appeared first on Crypto Briefing.

Bitcoin OG expands Ethereum long position to $392.5M on Hyperliquid

The Office of the Comptroller of the Currency said crypto was one of many 
industries that banks had denied services to, and it could refer its findings 
to the Justice Department.

Crypto among sectors ‘debanked’ by 9 major banks: US regulator

Ethereum is trading with renewed strength after breaking above the $3,300 
level and briefly pushing toward $3,400, signaling a potential shift in short- 
term momentum. However, despite this recovery, bullish conviction remains 
fragile. Many analysts continue to warn that the broader trend still leans 
bearish, emphasizing that Ethereum has yet to reclaim the structural levels 
needed to confirm a macro reversal. Related Reading: Bitcoin Exchange Reserves 
Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing 
Yet one signal has captured significant attention: according to fresh data 
from Lookonchain, a major whale known as BitcoinOG has doubled down on his 
Ethereum long position. This trader is widely recognized for being the whale 
who successfully shorted Bitcoin during the October 10 market crash, a move 
that earned him substantial profits and elevated his reputation across the on- 
chain analysis community. Rather than taking profits after ETH’s recent pump, 
he has expanded his long exposure—an unusually aggressive stance at a time 
when most traders remain cautious. His renewed commitment raises questions 
about whether smart money is quietly positioning for a larger upside move, 
even as broader sentiment remains skeptical. If momentum holds, Ethereum may 
be preparing for a far more significant move than the market currently 
expects. Whale Positioning and FOMC Impact According to Lookonchain, the whale 
known as BitcoinOG has now expanded his position to 85,001 ETH, valued at 
roughly $280 million, and is currently sitting on more than $16 million in 
unrealized profit. Such an aggressive accumulation during a period of 
widespread caution signals a notable divergence between retail sentiment and 
whale behavior. When a trader with a proven track record positions this 
heavily on the long side, it often reflects a strategic conviction that market 
conditions could soon shift in favor of higher prices. However, this 
positioning unfolds just as the market approaches a pivotal macro event: the 
FOMC meeting. The Federal Reserve’s decision on interest rates can 
dramatically influence liquidity, risk appetite, and short-term volatility 
across all risk assets, including Ethereum. A rate cut could inject optimism 
into the market by weakening the US dollar and improving overall liquidity 
conditions. Conversely, a hawkish tone or a smaller-than-expected policy 
adjustment could trigger a sell-the-news reaction, especially with ETH nearing 
resistance. For Ethereum, whale accumulation combined with macro uncertainty 
creates a high-stakes environment. If liquidity expands post-FOMC, ETH could 
gain momentum. If not, even strong whale positions may face short-term 
pressure. Related Reading: Ethereum Sees Largest Binance Inflow Since 2023 – 
Warning Sign? ETH Testing Breakout Strength Ahead of Key Resistance Ethereum’s 
4-hour chart shows a decisive shift in momentum, with ETH pushing firmly above 
the $3,300 level after a clean breakout from its multi-week downtrend. This 
move marks one of the strongest bullish impulses since early November, 
supported by rising volume and a clear reclaim of the 50 EMA and 100 EMA. The 
200 EMA (red), which previously acted as dynamic resistance throughout the 
decline, has now been tested and is beginning to flatten—often an early 
indication that bearish momentum is losing dominance. However, ETH is now 
hovering directly below a critical resistance zone around $3,380–$3,420, a 
level where sellers previously stepped in aggressively. The current 
consolidation just beneath this zone reveals an undecided market: bulls 
attempt to establish acceptance above $3,300, while bears defend the next 
resistance layer. Related Reading: Ethereum Loses Momentum While OI Holds 
Steady: Binance Data Shows A Market Reset If buyers manage to flip $3,320 into 
solid support, the path toward $3,500 becomes more achievable, especially if 
broader market sentiment improves. Conversely, a rejection from the $3,400 
area could trigger a short-term pullback toward $3,200–$3,250, where moving 
averages are now stacked as layered support. Featured image from ChatGPT, 
chart from TradingView.com

Cryptocurrency price in UAH