Shaquille O’Neal to Pay $1.8M in Settlement Over FTX Promotion Lawsuit

Bybit, a major crypto exchange, is gearing up to launch a new decentralized exchange (DEX) called Byreal in the third quarter of this year. Built on Solana, Byreal aims to blend the best of both worlds: the deep liquidity of centralized exchanges with the transparency and user control of decentralized finance (DeFi).

Editor’s Note: This move signals Bybit's push into the competitive DEX space, leveraging Solana's speed and low fees to attract traders who want more flexibility without sacrificing liquidity. For crypto users, it could mean smoother trading with fewer middlemen—a win if it delivers on its promises.

Big players in the Ethereum market—known as "whales" and "sharks"—are gobbling up more ETH, while smaller retail investors are taking profits and selling off. According to crypto analytics firm Santiment, these large holders increased their stash by nearly 4% recently, signaling confidence (or at least a strategic play) in Ethereum's future.

Editor’s Note: This isn't just insider baseball for crypto nerds—it’s a peek into who’s betting on Ethereum’s next move. When whales buy while retail sells, it often hints at a divide in market sentiment. Are the big players seeing something small traders aren’t? Or is this just a temporary shuffle? Either way, it’s a reminder that crypto markets are still a playground for the well-funded, and retail investors might want to keep an eye on where the smart money’s flowing.

Ethereum's price took a dip recently, dropping below $2,750 and testing the $2,450 support level. But now, it’s showing signs of bouncing back—breaking past a key resistance at $2,550 and hovering around $2,575. If ETH can push past $2,620, we might see a fresh upward swing. Traders are watching closely to see if this recovery has legs.

Editor’s Note: For crypto investors, Ethereum’s price movements are always a big deal—it’s the second-largest cryptocurrency, after all. This latest tug-of-war between support and resistance levels could signal whether ETH is gearing up for a rally or just catching its breath before another drop. Either way, it’s a key moment for traders deciding whether to buy, sell, or hold.

Polyhedra Network’s ZKJ token nosedived by 83% in a single day, crashing to a record low of $0.30, after a wave of suspicious transactions and a liquidity drain tied to its sister token, KOGE. The sudden sell-off left investors reeling and raised eyebrows about the stability of the project’s ecosystem.

Editor’s Note: This isn’t just another crypto dip—it’s a red flag for investors. When a token loses most of its value overnight due to "abnormal" activity, it shakes confidence in the project’s safeguards (or lack thereof). For anyone holding ZKJ or watching the broader DeFi space, it’s a stark reminder of how quickly liquidity can vanish—and why due diligence matters.

The U.S. Department of Justice (DOJ) has clawed back $680,000 stolen in a cryptocurrency exploit and is returning the funds to the victim. The money was tied to a high-profile case involving SafeMoon, a crypto project that faced allegations of fraud and mismanagement. While the recovery is a win for the victim, it’s also a rare example of authorities successfully tracking and reclaiming stolen crypto—a notoriously tough feat.

Editor’s Note: Crypto hacks and scams are rampant, and victims often never see their money again. This case shows that law enforcement can intervene effectively—at least sometimes. For crypto users, it’s a glimmer of hope that stolen funds aren’t always gone for good. But it also highlights how risky the space remains, especially with projects like SafeMoon, which have faced serious legal scrutiny. If nothing else, it’s a reminder to DYOR (do your own research) before investing.