Ethereum price action confirms bull trap at $2,550: major support level lost

Amber International’s stock dropped nearly 7% after the company revealed plans to add Sui, XRP, and BNB to its $100 million crypto reserve, alongside existing holdings like Bitcoin and Ethereum. The move was funded by a $25.5 million private placement, but investors seem wary—possibly questioning the strategy or timing of expanding into these specific assets.

Editor’s Note: When a company bets big on crypto, markets don’t always cheer. Amber’s share slump suggests skepticism—maybe about the chosen tokens, the broader crypto volatility, or just the risk of doubling down in a shaky market. It’s a reminder that even institutional crypto moves can backfire in the short term, at least in the eyes of shareholders.

A crypto analyst predicts Bitcoin could skyrocket by 52% to $166,000 in the near future, citing strong institutional buying and bullish momentum. Prices have already climbed past $110,000, inching closer to its all-time high, fueled by heavy inflows into Bitcoin ETFs.

Editor’s Note: If this prediction holds, Bitcoin could be headed for another massive rally—good news for investors but also a sign of how volatile crypto markets can be. The surge in ETF investments suggests big money is betting on Bitcoin's long-term value, which could mean more stability (or bigger swings) ahead. Either way, it's a story worth watching.

Billionaire investor Peter Thiel and other high-profile figures are reportedly working on launching a new bank called Erebor, aiming to step into the gap left by Silicon Valley Bank's dramatic collapse. The focus? Catering to crypto firms and startups—two sectors that took a major hit when SVB went under.

Editor’s Note: SVB’s implosion left a lot of tech and crypto companies scrambling for financial stability. If Thiel’s venture takes off, it could signal a lifeline for those sectors—but it also raises questions about whether a new bank led by big-money players can avoid the same pitfalls. Either way, it’s a move worth watching.

DeFi Technologies, a Nasdaq-listed company specializing in decentralized finance, is expanding into Dubai to capitalize on the Middle East and North Africa's (MENA) surging interest in cryptocurrency. The move signals growing institutional confidence in the region's crypto market, which has been heating up thanks to favorable regulations and increasing adoption.

Editor’s Note: Dubai’s crypto-friendly policies and MENA’s booming digital asset scene are attracting big players—DeFi Technologies is just the latest to bet on the region. This isn’t just about setting up an office; it’s a sign that institutional money sees long-term potential here. For crypto enthusiasts, it’s more evidence that the industry is maturing beyond speculative trading into real infrastructure and adoption.

While most cryptocurrencies are taking a hit, Humanity's token (H) is bucking the trend with a jaw-dropping 40% surge in just one day. This decentralized platform, which focuses on biometric and identity data, is currently outperforming every other major coin in the top 500.

Editor’s Note: In a sea of red for altcoins, Humanity's sudden spike is turning heads. It suggests investors might be betting big on decentralized identity solutions—or that something specific is brewing behind the scenes. Either way, it’s a rare bright spot in a rough market, and worth watching to see if this is a flash in the pan or a sign of shifting priorities in crypto.