The Securities and Exchange Commission accused PGI Global&#8217;s CEO of orchestrating an international scheme that raised $198 million under false crypto exchange claims. The Securities and Exchange Commission has charged Ramil Palafox, CEO of PGI Global, with orchestrating a $198…

SEC charges CEO with nearly $200m crypto fraud scheme

MYEG, a Malaysian e-government and digital services provider, has signed a 
Memorandum of Understanding (MoU) with Sgtradex, Singapore’s national digital 
infrastructure for trade data exchange, to facilitate seamless blockchain- 
powered trade between Malaysia and Singapore. The agreement, signed at the 
ASEAN-GCC-China CEO Roundtable, aims to enhance digital connectivity in the 
ASEAN region by enabling interoperable, cross-border […]

Partnership Signed to Enhance Blockchain-Powered Trade Between Malaysia and Singapore

Solana co-founder Raj Gokal&#8217;s personal information was leaked on a series of 
Instagram posts uploaded on U.S. hip-hop group Migos’ Instagram page in an 
apparent hack. On May 27, an Instagram account belonging to American rap trio, 
Migos, was reportedly…

Solana co-founder doxxed on hacked rap group Migos’ Instagram account

Former U.S. Commodity Futures Trading Commission Chairman Christopher 
Giancarlo has joined Swiss crypto bank Sygnum as a senior policy advisor. 
Giancarlo, who led the CFTC from 2017 to 2019, will be advising Sygnum on 
global regulatory developments and strategic partnerships,…

Crypto bank Sygnum appoints former CFTC Chair Christopher Giancarlo to advisory council

Ethereum has maintained a position above $2,500 following a mild retracement 
from its recent high above $2,700 last week. At the time of writing, the asset 
trades at $2,564, reflecting a 2.4% increase in the past 24 hours. While the 
broader crypto market remains in a bullish structure, largely driven by 
Bitcoin’s sharp upward movement, Ethereum’s relative momentum appears more 
tempered, raising questions among traders and analysts about its current 
positioning. Related Reading: Ethereum Price Finds Its Footing: Bulls Prepare 
for Another Push Retail Quiet, Institutions Watchful Despite the price 
remaining above key levels, some analysts believe Ethereum has yet to fully 
capture the broader market’s enthusiasm. One such observation was presented by 
CryptoQuant’s analyst Burak Kesmeci, who noted that retail activity around 
Ethereum remains low compared to previous cycles. This could suggest that 
Ethereum’s rally is still in its early stages, with potential upside left 
unpriced by the market. The absence of retail enthusiasm, which historically 
coincided with local tops, may signal that Ethereum has not yet reached a peak 
for this cycle. Kesmeci’s analysis highlighted a notable shift in retail 
engagement around Ethereum. Drawing comparisons to the 2021 bull run, the 
analyst pointed out that earlier rallies were often accompanied by sharp 
spikes in retail trading frequency. However, during the current cycle, retail 
interest has been largely muted, even as Bitcoin surged from $16,000 to over 
$111,000. While ETH saw a brief uptick in retail activity in December 2024, 
that momentum faded quickly amid broader market reactions to geopolitical 
developments, including renewed tariff tensions. The analyst concluded that 
the market may still be in a phase of accumulation, as the typical retail- 
driven euphoria has yet to materialize. In this scenario, Ethereum could 
benefit from increased participation in the coming months, particularly if 
macroeconomic sentiment stabilizes. The potential for delayed retail entry 
suggests that Ethereum’s current rally might only be at its midpoint rather 
than nearing a local top. Ethereum Technical Setups Suggest Bullish 
Continuation On the technical front, several market analysts continue to hold 
a positive outlook for ETH. A pseudonymous analyst known as Crypto Busy posted 
on X that the asset’s monthly chart remains structurally intact, referencing a 
previous key resistance level near $1,410. Related Reading: Ethereum Climbs 
Back To $2,700 – Bulls Ready For A Breakout? According to the post, Ethereum’s 
breakout above this long-standing barrier has turned it into support, 
replicating a setup that historically preceded major rallies. Further 
reinforcing this perspective, analyst Michaël van de Poppe emphasized the 
importance of Ethereum’s price action near the $2,400 level. He noted that 
this zone offered a strong buying opportunity and believes that if Ethereum 
can successfully retest and hold above this threshold, a move toward $3,000 
could follow. According to van de Poppe, such a breakout would signal the 
beginning of a new bullish phase for ETH. Featured image created with DALL-E, 
Chart from TradingView

Ethereum Above $2,500: Here’s Why Analysts Think $3,000 May Be Next

QNT is showing early signs of a bullish reversal, with a potential inverse 
head and shoulders pattern forming on the chart. According to data from 
crypto.news, Quant (QNT) jumped over 10% in the past 24 hours, reaching an 
intraday high…