Nauru has become the first Pacific nation to establish a dedicated regulatory authority for virtual assets. The Pacific nation of Nauru passed legislation on June 17 to create the Command Ridge Virtual Asset Authority, an autonomous body that will oversee…

Nauru becomes first Pacific nation to establish dedicated crypto regulator

OpenAI is dropping Scale AI from its data labeling suppliers days after the 
startup’s acquisition by Meta.

OpenAI cuts ties with Scale AI amid data labeler’s new Meta deal — Report

After attaining a peak of 946 exahash per second (EH/s), Bitcoin’s 
computational power has since receded beneath the 900 EH/s threshold, with 
corresponding mining profitability exhibiting a similar decline. Mining 
Pressure Mounts: Hashrate Drops, Earnings Grow Thinner By early afternoon 
Thursday, the valuation of bitcoin (BTC) hovered just above the $104,000 
threshold. Merely days prior, […]

Bitcoin’s Hashrate Nosedives After Weekend High—Miners Feel the Squeeze

Hedera Hashgraph token crashed and formed a death cross pattern, signaling 
more downside in the near term. Hedera Hashgraph (HBAR) price tumbled to a low 
of $0.1450, its lowest level since April 9, and 35% below its highest level 
in…

HBAR price at risk as key Hedera Hashgraph metric crashes 82%

Momentum, a decentralized finance protocol built on Sui, is teaming up with 
Wormhole and OKX Wallet to boost cross-chain liquidity on the Sui network. The 
collaboration will see the Sui (SUI) blockchain benefit from an influx of 
billions of dollars…

Momentum, Wormhole & OKX partner to boost Sui network liquidity

Ethereum is currently facing a pivotal moment as it continues to consolidate 
below the $3,000 level. Bulls are targeting a breakout above this key 
resistance zone, which could trigger a major upward move. However, broader 
market conditions remain fragile. Geopolitical tensions—particularly the 
ongoing conflict between Israel and Iran—continue to create a high-risk 
macroeconomic environment, leading to increased volatility and intermittent 
selling pressure across risk assets. Related Reading: Tron Shows Real Growth: 
Transaction Volume Soars While Success Rate Stays Above 96% Despite these 
challenges, ETH has shown resilience by holding above the $2,500 support zone. 
The price has remained locked in a narrow trading range for weeks, reflecting 
market indecision and caution among participants. According to a technical 
analysis shared by top analyst Daan, Ethereum continues to trade within this 
very tight range, with price wicks on both sides consistently getting 
absorbed. This type of price action signals growing compression, often a 
precursor to a strong directional move once one side gives in. Traders are now 
closely monitoring the structure for a higher timeframe close above $2,800, 
which could validate bullish momentum and open the path toward $3,000 and 
beyond. Until then, the market appears balanced, and any shift in geopolitical 
developments may quickly tilt sentiment in either direction. Ethereum Prepares 
For Breakout as Market Awaits Confirmation Ethereum remains over 60% below its 
2024 high of $4,100, but the asset is showing signs of recovery after months 
of downward pressure and indecision. Bulls have struggled to regain control 
throughout the year, but recent price action indicates the start of a 
potential rally. This recovery, however, remains tentative and will require 
confirmation through a higher timeframe close above critical resistance 
levels, particularly the $2,800–$3,000 range. The broader environment 
continues to weigh heavily on sentiment. Escalating geopolitical tensions in 
the Middle East, coupled with macroeconomic uncertainty—including rising U.S. 
Treasury yields and concerns about inflation—are creating headwinds for risk 
assets, Ethereum included. Despite this, ETH has managed to hold key support 
above the $2,500 level, a sign that bulls are defending their ground. 
According to technical analysis shared by analyst Daan, Ethereum is currently 
trading within a very tight range, with price wicks on both sides being 
consistently absorbed. This type of compression typically signals an incoming 
surge in volatility. Daan notes that once one side gives in, the resulting 
move often becomes explosive and sustained. The current range-bound action 
reflects equilibrium between buyers and sellers, but that balance won’t last 
forever. Traders are watching closely for a decisive higher timeframe close 
above resistance—or below support—as confirmation of the next trend direction. 
With ETH positioned near major technical zones, a breakout could lead to 
significant momentum, potentially bringing Ethereum closer to reclaiming the 
psychological $3,000 mark and reigniting a push toward cycle highs. Until 
then, the market remains in a wait-and-see mode. Related Reading: Bitcoin 
Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet 
Ethereum Continues Range-Bound Trading As Key Support Holds Ethereum (ETH) 
remains locked in a tight range between approximately $2,500 and $2,800, 
showing little directional clarity over the past several weeks. The chart 
above (12-hour timeframe) reflects persistent consolidation with multiple 
wicks on both ends of the candles, indicating absorption of both bullish and 
bearish momentum. This suggests that neither buyers nor sellers have taken 
firm control. ETH currently trades near $2,540 and is holding above the 
100-period simple moving average (SMA), which is acting as short-term support. 
The 50 SMA has flattened, further reinforcing the sideways nature of the price 
action. Volume has also tapered off, typical in compression phases that often 
precede strong breakouts or breakdowns. If ETH fails to reclaim the 
$2,675–$2,800 resistance zone, the 200 SMA near $2,117 may become relevant as 
a deeper support target. However, as long as ETH maintains price action above 
$2,500, bulls are still in play. Related Reading: Bitcoin Holds Strong Despite 
Israel-Iran Tensions – Weekly Resistance Begins To Crack The structure 
suggests that Ethereum is building energy for a decisive move. A higher 
timeframe close above $2,800 could trigger a new leg up toward $3,000 and 
beyond. Conversely, a break below $2,500 could lead to renewed bearish 
pressure. For now, traders are watching for breakout confirmation. Featured 
image from Dall-E, chart from TradingView