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The post Ethereum Price Faces $2,800 Wall Again — Are Whales Selling or Accumulating ETH? appeared first on Coinpedia Fintech News Ethereum price is hitting the same $2,800 hurdle again, but the latest on-chain signals...
A New York federal judge dismissed with prejudice a proposed class action over LIBRA and M3M3, rejecting the investors’ RICO continuity allegations and other claims. The court also blocked amendments adding MELANIA, ENRON and TRUST, closing this recovery route.
The SEC’s proposed crypto custody fallback could expand adviser access to digital assets, but an estimated $433,833 in annual costs—excluding major technology expenses—may leave smaller firms at a disadvantage. Safeguards, independent reviews and custodian availability would determine how widely the option is used.
Blast is shutting down its Ethereum layer-2 network after saying maintenance costs exceed revenue. Users should withdraw through the normal interface by Oct. 26, while a roughly one-week Lido unwind will temporarily pause withdrawals before they reopen with a 24-hour delay.
The IMF approved a $139 million disbursement for El Salvador while urging the country to reduce state involvement in Bitcoin. The fund cited stronger-than-expected economic activity but said Bitcoin accumulation requirements had not been met, granting waivers tied to corrective measures.
Stablecoin issuers have added about $200 billion in US Treasuries and repurchase agreements over five years, replacing more than 40% of China’s reduced holdings. The shift strengthens short-term Treasury demand, while differing maturities mean stablecoins cannot fully replace China as a buyer of longer-term US debt.
The Independent Community Bankers of America sued the OCC, arguing that national trust charters are allowing crypto firms into the U.S. banking system without the same capital, liquidity, supervision and insurance obligations imposed on traditional community banks.
California Attorney General Rob Bonta’s office has subpoenaed OpenAI for information about cybersecurity incidents involving its AI models, including the Hugging Face intrusion. The action adds to growing scrutiny from other state attorneys general and federal regulators over model safety and cyber risks.
Bitpanda co-CEO Christian Trummer says EU crypto users have greater confidence in regulated platforms since MiCA took effect. He also wants tougher enforcement against firms serving European customers without authorization, arguing that noncompliant providers disadvantage companies following the rules.
Bitcoin broke through an $85,000 sell wall and reached $87,000 as accumulation indicators improved and options traders focused on $90,000-$100,000. Cost-basis resistance, returning breakeven sellers and rebuilding leverage now frame the cryptocurrency’s next major test.
Circle has asked the European Union to preserve multi-issuance for stablecoins and replace MiCA’s bank-deposit mandates with more flexible liquidity rules. The company says only three of the 25 largest stablecoins are currently regulated under the bloc’s framework.
A Cornell survey of 25,880 people across 25 countries found that El Salvador, Venezuela and Nigeria had the highest shares of respondents who had ever owned bitcoin, with adoption linked to currency instability and limited banking access.
A flaw in the third-party FlashLoopAdapter used with Aave v3 enabled an attacker to drain about 114 ETH from two Safe multisig wallets. Aave’s core contracts were not affected, while investigators assess whether other wallets used the vulnerable module.
Tavus says its Griffin-Lite AI persuaded 26 of 54 participants that they were speaking with a human during one-minute video calls. The company’s own study and benchmark results point to more natural real-time interaction, but access remains limited while safety measures are developed.
Anchorage Digital has reportedly cut 17% of its workforce, or about 68 jobs based on its earlier headcount, despite expanding into institutional crypto services, stablecoin issuance and a partnership backed by Tether.
Blast is shutting down its Ethereum layer-2 network after operating costs exceeded revenue. Users can withdraw through Blast until Oct. 26, after which they must use bridge contracts directly on Ethereum to access their assets.
Absa is reportedly preparing to become Africa’s first bank to custody bitcoin, initially serving institutional clients and potentially adding other digital assets. The move reflects wider bank interest in crypto custody and South Africa’s relatively institutional digital-asset market.
