Canadian investment fund manager 3iQ has teamed up with Abu Dhabi-based alternative investments firm AltNovel to launch the first multi-strategy digital assets fund in the Middle East. 3iQ and AltNovel, a platform regulated by the Financial Services Regulatory Authority, announced…

3iQ and AltNovel launch the Middle East’s first multi-strategy digital assets fund

EOS rallied as much as 22% today, ahead of its official rebranding to Vaulta, 
with several bullish signals showing up on its charts. EOS (EOS) rose for the 
second straight day, reaching an intraday high of $0.84 on May 8,…

EOS rallies over 20% ahead of official Vaulta rebranding

Korea&#8217;s crypto outflows hit nearly 57 trillion won in Q1, with stablecoins 
making up almost half as users move funds to overseas exchanges. Almost half 
of the cryptocurrencies sent abroad from South Korea&#8217;s major crypto exchanges 
in Q1 were dollar-based…

Stablecoins account for nearly 50% of South Korea’s crypto outflows in Q1, officials say

Stablecoin inflows to Binance surged sharply this week, signaling a potential 
bullish breakout across the crypto market. In a May 8 post on X, CryptoQuant 
contributor Darkfost reported that Binance stablecoin inflows have been 
steadily increasing over the last three…

Binance stablecoin inflows surge, hinting at possible crypto market breakout

Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the 
institution is currently consulting with international organizations regarding 
the design of a currency referred to as the &#8220;virtual boliviano,&#8221; which would 
facilitate international settlements. Central Bank of Bolivia to Launch 
Digital Currency With International Settlements in Mind Bolivia, which 
initially banned the […]

De-Dollarization Watch: Bolivia to Launch Digital Currency to Tackle Cross-Border Payments

As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial 
level, which could kickstart a breakout toward the $2,100 resistance. However, 
some analysts suggest that bulls need to take action or a 15% drop could be in 
the horizon. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest 
– Is A Bullish Reversal Ahead? Ethereum Eyes Breakout To $2,100 After 
successfully holding the $1,750 level as support, Ethereum has reclaimed the 
key $1,800 resistance. The cryptocurrency has recovered nearly 20% over the 
past two weeks, hitting a one-month high of $1,873 at the start of May. ETH 
currently registers a 1.92% increase from its monthly opening following its 
negative 1.95% April. Notably, the King of Altcoins could end a five-month red 
streak if it continues trading above the $1,807 mark in the coming weeks. Amid 
the Tuesday correction, Ethereum retested the $1,750 level before jumping back 
above the $1,800 mark. Analyst Michaël van de Poppe noted that ETH is holding 
the recently reclaimed resistance and starting to bounce to confirm as support 
again, indicating buying pressure. As a result, the analyst considers that 
investors are “about to witness a big breakout” to the $2,100 barrier in the 
coming 1-2 weeks. Reclaiming this level is key for Ethereum, as it was a key 
resistance ahead of its Q4 2023 breakout and served as a key support zone 
during the 2024 and early 2025 rally. Analyst World of Charts highlighted that 
ETH has been moving sideways between the $1,750-$1,870 price range after 
breaking out from its downtrend in late-April. And it “seems like building up 
for solid breakout” from its consolidation zone. Per the post, a breakout from 
this range and confirmation of the level as support could send the 
cryptocurrency toward the $2,500 level, lost in February. ETH’s Price Risks 
Another Correction Market watcher Daan Crypto Trades pointed out that “bulls 
would want to get a move going soon,” despite ETH’s price holding above the 
$1,750 support. The trader suggested that the altcoin could not stand another 
retest of this range, and if the level doesn’t hold, a 15% drop could be 
likely. “if that level gives in, it can be pretty easy to see how it just 
&#8220;Bart moves&#8221; back down to the $1500s,” Daan detailed, warning that ETH could 
risk a new low if it falls below this level. Related Reading: SUI Breakout To 
$4 Imminent? Analyst Says A Correction To This Level Could Come First 
Nonetheless, he concluded that it is “still fine as long as it trades where it 
does but be careful if we&#8217;d see a move &amp; close below $1750.” Crypto Amsterdam 
also suggested that ETH could dive toward the $1,500 mark. According to the 
chart, if Ethereum is rejected again from the current levels, it could retrace 
toward the mid-April levels, between $1,550-$1,650, before bouncing toward its 
range high above the $1,900 mark. As of this writing, Ethereum trades at 
$1,811, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, 
Chart from TradingView.com