The Ethereum Foundation has overhauled its leadership to better separate management and board responsibilities. The announcement was made in an Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. They…

Ethereum Foundation restructures its leadership to sharpen focus

Ethereum has faced an 8% correction since Monday, cooling off from its recent 
rally and slipping below the key $3,850 level. This move suggests that the 
bullish momentum that carried ETH higher in July is beginning to fade, with 
price now entering a critical consolidation phase. Bulls are still holding key 
support levels, but the threat of a deeper correction is growing as selling 
pressure intensifies. Related Reading: Bitcoin New Investor Dominance Rises – 
No Signs of Mass Profit-Taking Yet On-chain data shows signs of profit-taking 
from large investors, adding to short-term volatility and uncertainty. Heavy 
selling volume over the past two days has sparked speculation across the 
market, especially as Ethereum remains below recent local highs. Analysts are 
split in their outlook—some argue that this is a healthy pullback within a 
broader uptrend, while others warn of a potential slide toward the 
$3,400–$3,500 range if sentiment worsens. Despite the recent drop, Ethereum’s 
long-term structure remains intact, with fundamentals like growing DeFi usage 
and Layer 2 adoption continuing to support the narrative. However, the next 
few days will be critical. If bulls can defend current levels and regain 
momentum, ETH could attempt another move toward $4,000. If not, the market may 
see extended downside pressure before a clearer recovery emerges. Ethereum 
Sees Massive Sell-Off In Two Minutes According to top analyst Maartunn, 
Ethereum experienced a dramatic spike in taker sell volume, reaching $335 
million in just two minutes. This massive wave of sell orders signals a key 
moment in the market, one that could mark either the peak of profit-taking or 
the end of panic-driven capitulation. While some interpret the event as large 
investors securing gains after the recent rally, others believe this could 
reflect emotional selling from retail traders spooked by short-term 
volatility. Despite the heavy selling pressure, Ethereum’s long-term bullish 
narrative remains intact. Large players continue to accumulate, taking 
advantage of dips and buying from weaker hands. This activity suggests 
strategic positioning ahead of expected growth in adoption, especially as 
Ethereum cements its dominance in decentralized finance (DeFi) and real-world 
asset (RWA) tokenization. ETH spent months in a downtrend earlier this year, 
weighed down by macro uncertainty and regulatory fears. Yet, while the broader 
market showed weakness, sophisticated investors appeared to accumulate. Now, 
with sentiment shifting and the price structure strengthening, Ethereum seems 
well-positioned for the months ahead. The $335 million sell-off highlights 
market vulnerability—but also shows that whales are stepping in. If price 
holds current levels and sentiment stabilizes, Ethereum could see a renewed 
push toward the $4,000 mark as confidence returns. Related Reading: Whale Buys 
$153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big ETH 
Tests Support After Breakdown Ethereum (ETH) has officially broken below its 
critical resistance zone near $3,860, signaling increased selling pressure and 
short-term weakness. After maintaining a steady range for nearly two weeks, 
the price has dropped to $3,619 on the 4-hour chart, finding temporary support 
just above the 100-period SMA (green line), currently near $3,670. This 
breakdown comes amid an uptick in bearish volume, suggesting momentum may 
favor sellers in the short term. The 50-period SMA (blue line), located around 
$3,762, has now turned into near-term resistance, capping any immediate 
recovery attempts. If bulls fail to reclaim the $3,760–$3,800 zone, Ethereum 
could risk deeper downside toward the next key support around $3,175 (200 SMA, 
red line) or even $2,852, which served as a base in early July. Related 
Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Despite 
this weakness, the broader trend remains structurally bullish as long as price 
stays above the 200 SMA. However, bulls must reclaim the $3,860 level and 
build momentum above it to regain strength. Until then, volatility is 
expected, especially as profit-taking and macro uncertainty weigh on 
sentiment. Featured image from Dall-E, chart from TradingView

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

The roundtables, scheduled to be held in 10 cities, will focus on crypto 
startups less than two years old and with 10 or fewer employees.

SEC’s crypto task force to hit the road with 10 roundtables across the US

Qubic has released a detailed mining report just two days before its expected 
51% dominance attempt on the Monero network, laying out earnings, network 
influence, and strategic intent. Qubic Lays out 51% Plan In the Epoch 171 
mining recap titled “Warming Up the Engines,” written by “retrodrive,” Qubic 
revealed it earned $180,250 by selling 459 […]

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero

Polkadot (DOT) is building momentum and pressing against key resistance, with 
bullish signals flashing on the 4-hour chart. Rising volume and a tightening 
range hint at an imminent breakout, with a $4.75 target in sight. DOT isn’t 
done yet—bigger gains could be just ahead. Breakout Confirmation Hinges on Key 
Closing Level Polkadot could be gearing up for a significant breakout, 
according to a recent post from crypto analyst GodstarPL on the X (formerly 
Twitter) platform. The analyst emphasized that key bullish signals are now 
emerging on the 4-hour Heikin Ashi chart, hinting at a potential shift in 
momentum that could favor the bulls in the near term. Related Reading: 
Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge One of 
the most compelling signals comes from the price action itself, as DOT is 
currently pressing up against a major resistance level. This resistance is 
being tested alongside a noticeable uptick in trading volume, suggesting that 
market participants are increasingly interested and possibly positioning for a 
larger move. The combination of volume growth and price compression typically 
indicates that a breakout could be imminent. GodstarPL highlighted that the 
breakout target lies at $4.75, which would represent a 25% increase from 
current levels. For this move to gain traction, the analyst noted that 
confirmation is crucial. Specifically, DOT needs to secure a close above the 
$3.80 mark to validate the bullish breakout scenario and invite further buying 
pressure. On the downside, strong support has been identified around $3.55. 
This level is acting as a safety net for bulls, and a failure to hold above it 
could temporarily delay any upward movement. However, as long as this support 
holds, the setup remains favorable for an upside breakout. In summary, 
Polkadot is in a tight squeeze between support and resistance, with bullish 
reversal signals flashing on key timeframes. A breakout above $3.80 could pave 
the way for a strong rally toward $4.75, while the $3.55 level will be 
critical in maintaining bullish momentum. Thriving Not Surviving: Polkadot’s 
Breakout Potential Unfolds GodstarPL concluded that if current support levels 
continue to hold, the price of Polkadot could be poised for a powerful move 
into the $5 zone in the near future. The technical setup suggests that DOT 
isn&#8217;t merely consolidating, it&#8217;s building strength for what could be a 
substantial breakout. Related Reading: Polkadot Price Caught In A 5-Year 
Channel – Can It Finally Break Free? In the analyst’s view, DOT is not just 
weathering market conditions; it&#8217;s positioning itself for significant upside. 
With bullish signals aligning and momentum improving, DOT appears ready to 
shift from survival mode to a phase of growth and potential outperformance. As 
of the time of writing, DOT is trading at around $3.62, with a market 
capitalization exceeding $5.8 billion and a 24-hour trading volume of over 
$382 million. Featured image from Getty Images, chart from Tradingview.com

Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s 
new regulatory transition, but experts say it&#8217;s a healthy correction.