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Crypto

Crypto firms face wave of closures as bear market cuts trading and investment

A prolonged downturn in the crypto market is driving restructurings and business closures, with at least five firms this week announcing service shutdowns or bankruptcy steps. FantasyTop, Everclear and Zero Network outlined plans to halt operations, while Syndicate Labs said it would close and Bitcoin Depot entered U.S. bankruptcy proceedings. The moves have highlighted worsening liquidity and profitability pressures, even as investor interest concentrates in a few areas.

Crypto

Bitcoin rebound enters 90th day as $90,000 level comes into focus

Bitcoin has extended a rising trend for 90 days after falling below $60,000, marking the longest upswing within a bear-market phase in its price history. Trader and analyst Matthew Hyland said the move resembles a bull-market rally rather than a bear-market bounce, citing a break above $77,000 and holding gains. Analyst Philbphilb said a weekly Supertrend level near $90,000 is key, with about $88,000 a threshold to regain.

Crypto

Former Ethereum researcher says ETH needs new $1 billion organisation to revive ecosystem

Former Ethereum researcher Dankrad Feist (단크라드 페이스트) said Ethereum needs a new organisation that secures at least $1 billion to help the ecosystem rebound. He said Ethereum lacks an accountable body that shares economic interests with the network. He argued the Ethereum Foundation holds less than 0.1% of total supply and lacks stable cash flow. The proposal comes amid rising community criticism over transparency and governance.