Alexander Gurevich, a dual Russian-Israeli citizen, was arrested at Israel’s Ben-Gurion Airport on May 1 while attempting to flee to Russia under a new name. The 47-year-old is accused of participating in the 2022 hack of US-based Nomad, a crypto…

Israeli-Russian man faces extradition to US over $190m Nomad crypto hack

After enduring months of aggressive selling pressure, Ethereum is finally 
showing signs of life. As bullish momentum slowly builds, hopes for a recovery 
rally are beginning to resurface. While ETH continues to trade below the key 
$2,000 mark, bulls are actively defending critical demand zones in an effort 
to reclaim lost ground and reestablish a bullish structure. Related Reading: 
Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price 
Targets The market has been under stress for much of 2025, with Ethereum 
suffering extended drawdowns and repeated rejections at resistance. However, 
sentiment is shifting. Top analyst Ted Pillows recently shared a technical 
analysis noting that Ethereum has officially broken out of its downtrend for 
the first time since December 2024—an early sign that conditions could be 
improving. This breakout marks a key shift in structure and comes as trading 
volume starts to recover. Traders and investors are now watching closely to 
see if ETH can sustain its recent strength and push back above $2,000, which 
remains a major psychological and technical barrier. The next few days may 
prove critical, as Ethereum tests its newfound momentum in a still-uncertain 
macro environment. If bulls succeed, a broader altcoin rally could follow. 
Ethereum Consolidates As Bullish Momentum Begins to Build Ethereum is 
currently trading around the $1,800 level, consolidating in a narrow range 
after a prolonged period of downside pressure. While the broader market begins 
to heat up, ETH still lacks a clear directional move and remains over 55% 
below its December 2024 highs. Despite this, subtle shifts in structure 
suggest a potential trend change, especially in the lower time frames where 
early bullish patterns are beginning to emerge. The price action reflects a 
critical inflection point. Ethereum is hovering near major support zones, and 
bulls must now build enough momentum to break above key resistance levels if 
they want to regain control. So far, the consolidation has provided a base, 
but a definitive move has yet to materialize. The next leg—whether up or 
down—will likely be decisive for ETH’s near-term trend. Pillows recently 
shared a notable technical development: Ethereum has finally broken out of its 
downtrend for the first time since December 2024. Previous breakout attempts 
were rejected, but this time the breakout appears stronger and more sustained, 
supported by improving market sentiment and structure. Pillows believes it’s 
time for Ethereum to catch up to the broader market. While Bitcoin pushes 
toward new highs, ETH has lagged behind. If the current breakout holds, 
Ethereum could accelerate quickly and potentially retest key psychological 
levels above $2,000. The next few trading sessions will be critical for 
confirming this breakout’s validity and determining whether Ethereum is ready 
to lead the next phase of the crypto bull cycle. For now, all eyes remain on 
whether bulls can maintain momentum and turn this early strength into a 
sustained rally. Related Reading: Ethereum Tests Critical Range: Breakout Or 
Breakdown? Technical View: Bulls Struggle To Reclaim $2,000 Level Ethereum 
(ETH) is currently trading at $1,807.99, consolidating in a tight range after 
a sharp recovery from its April lows. The 4-hour chart shows ETH holding above 
both the 200-period simple moving average (SMA) at $1,700.49 and the 
200-period exponential moving average (EMA) at $1,783.99—two key dynamic 
support levels that are now being retested as the asset tries to build bullish 
structure. While price action remains choppy, ETH appears to be forming a base 
above the $1,780 zone. The recent breakout above the downtrend line that 
defined price action since December 2024 is still intact, suggesting that 
Ethereum may be preparing for a larger move. Volume has decreased slightly 
during this consolidation phase, typical of a market waiting for a trigger. 
Related Reading: Cardano Whales Accumulated 410 Million ADA In April – 
Breakout Coming? Ethereum continues to trade well below the psychological 
$2,000 resistance, but short-term momentum is slowly favoring the bulls. A 
break above the $1,860–$1,880 range could clear the way for a push to retest 
$2,000. However, failure to hold the 200 EMA could send ETH back toward the 
$1,740–$1,700 demand zone. Featured image from Dall-E, chart from TradingView

Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?

Bitcoin ETFs posted a $1.81 billion net inflow for the week ending May 2, 
marking their 3rd consecutive week in the green. Ether ETFs also saw another 
week of gains, pulling in $106.75 million and extending their rebound. Bitcoin 
ETFs Keep Winning Streak Alive As Ether ETFs Follow with $106 Million The 
streak continues for […]

Weekly ETF Recap: 3rd Straight Week of Gains as Bitcoin ETFs Attract $1.81 Billion

Riot Platforms sold 475 Bitcoin in April 2025, marking a major shift from its 
long-standing 100% Bitcoin holding strategy. The sale included all 463 BTC 
mined during the month and 12 Bitcoin (BTC) from its reserves, generating 
approximately $38.8 million…

100% HODL no more: Riot sells more Bitcoin than mined in April

Ethena’s USDe stablecoin is now live on Hyperliquid’s decentralized exchange 
and HyperEVM blockchain, enabling daily rewards for users and cross-chain DeFi 
integrations. Hyperliquid Users Earn Rewards via USDe Balances on Hypercore 
and HyperEVM The USDe stablecoin, developed by Ethena Labs, has launched on 
Hyperliquid’s exchange and HyperEVM network, marking its expansion within the 
Hyperliquid ecosystem. […]

Ethena’s USDe Stablecoin Launches on Hyperliquid Exchange and HyperEVM

Asset manager VanEck has asked US regulators for permission to list an 
exchange-traded fund (ETF) holding BNB, the native token of Binance&#8217;s BNB 
Chain, regulatory filings show.
The ETF is designed to accumulate spot BNB (BNB) tokens and &#8220;may, from time to 
time, stake a portion of the [fund&#8217;s] assets through one or more trusted 
staking providers,&#8221; according to the ETF&#8217;s S-1 prospectus. The filing marks 
the first time an asset manager has filed for a BNB ETF in the United States.
The BNB token has a market capitalization of roughly $84 billion, according to 
data from CoinMarketCap. As of May 5, BNB stakers earn a yield of 
approximately 2.5%, according to data from Stakingrewards.com.
Binance&#8217;s BNB Chain is among the most popular smart contract networks, with a 
total value locked (TVL) of nearly $6 billion, according to data from 
DefiLlama.
_BNB Chain is among the most popular blockchain networks. Source:__DeFILlama_
 _**Related:**__**Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan 
reserves**_
## Bitcoin&#8217;s &#8220;spillover&#8221; effect?
The filing comes days after Binance co-founder Changpeng &#8220;CZ&#8221; Zhao reportedly 
said he expects the popularity of Bitcoin (BTC) ETFs to eventually &#8220;spill 
over&#8221; into altcoins.
&#8220;This cycle so far has been the ETFs. And it&#8217;s almost all Bitcoin. Ether 
hasn&#8217;t had as much success but Bitcoin success will spill over to the others 
eventually,&#8221; CZ reportedly said during the Token2049 conference in Dubai.
Spot Bitcoin ETFs attracted net inflows of more than $40 billion since 
launching in January of 2024, according to data from Farside Investors.
_Cumulative inflows into spot BTC ETFs. Source:__Farside Investors_
VanEck&#8217;s filing is the newest in a flurry of filings seeking to list ETFs 
holding altcoins.
The US Securities and Exchange Commission (SEC) has acknowledged dozens of 
cryptocurrency ETF proposals since US President Donald Trump took office on 
Jan. 20.
They include plans for ETFs holding native layer-1 tokens such as Solana (SOL) 
as well as memecoins such as Dogecoin (DOGE).
VanEck has filed to list other cryptocurrency ETFs over the past few months, 
including funds holding Solana and Avalanche (AVAX).
_**Magazine: **__**ZK-proofs are bringing smart contracts to Bitcoin &#8212; 
BitcoinOS and Starknet**_