17 Aug 2025, 23:30

Ethereum Faces $4,800 Wall, Liquidity Zone Meets Bearish Retracement Calls

Ethereum is about to enter into a new week, coming off of a week of interesting price action that saw it trading at its highest price levels since 2021. On one hand, the Spot Ethereum ETFs that had driven billions in inflows have just recorded their first daily outflow in over a week. On the other hand, order-book data shows a towering sell wall at $4,800 that could be described as Ethereum’s “final boss,” the level that could unlock a parabolic run if broken. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results ETF Inflows Break: Sentiment Cooling Down? The optimism around Ethereum’s rally cooled just as the week came to a close. Notably, US-based Spot ETH ETFs reported net outflows of $59.34 million on August 15, effectively ending an eight-day streak that had added $3.7 billion in inflows. The reversal came just as Ethereum failed to clear $4,788, a level within 3% of its all-time high of $4,878, before slipping back to about $4,450. Although BlackRock’s ETHA stood out with $338.09 million in daily inflows, Grayscale’s ETHE and Fidelity’s FETH registered notable withdrawals of $101.74 million and $272.23 million. Total Ethereum Spot ETF Net Inflow: SoSoValue Speaking of Ethereum failing to clear $4,788, on-chain data shows a huge cluster of liquidity around this level. Particularly, Merlijn The Trader described the $4,800 as the “final boss” for ETH, pointing to billions in sell orders stacked at that level on Binance’s ETH/USDT pair. A liquidity heatmap shows a massive concentration of asks in this zone. According to the analyst, breaking above this level could unleash open skies for Ethereum. As long as this level is filled with more asks, there’s a possibility of it acting as a resistance for any upward move. However, clearing this fortress with enough buy volume would not just be a technical breakout but a psychological one, with the potential to push its price to new all-time highs. Image From X: Merlijn The Trader Bearish Retracement Scenario Although the liquidity narrative is currently leaning more towards a bullish breakout than bearish, another analysis from TradingView paints a more cautious picture. The analysis, which is based on the 4-hour candlestick timeframe chart, also identifies the $4,700 to $4,800 region as a supply-heavy resistance where Ethereum has already shown signs of exhaustion after an aggressive rally from early August. However, multiple technical alignments, such as Break of Structure signals, fair value gaps (FVG), and Fibonacci retracements, show that Ethereum may be due for a retracement. The trade plan outlined anticipates an entry around $4,440, with a stop loss above $4,790 and a downside target of $3,375 at a strong support area. This would imply a corrective move of over 20% if the bearish projection plays out. Chart Image From TradingView Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details At the time of writing, Ethereum was trading at $4,465. Featured image from Unsplash, chart from TradingView

17 Aug 2025, 23:30

South Korea’s Jeju Wraps Crypto Probe of Almost 3,000 Tax Evaders, Seizes Coins

Jeju City, in the South Korean island province of Jeju, has completed a crypto-themed investigation of almost 3,000 residents with unpaid tax bills, seizing Bitcoin (BTC) and other coins from dozens of individuals. The South Korean media outlet Newsis reported that tax delinquents in the city have been “lining their pockets with cryptoassets.” Jeju Crypto Crackdown on Tax Evaders Jeju City authorities announced on August 16 that tax officials have completed a “comprehensive investigation.” Tax officials wanted to determine if 2,962 individuals in the city had crypto holdings. South Korean law allows national and local tax bodies to require domestic crypto exchanges to hand over data on customers they suspect of tax evasion. The individuals in question all owed the city more than 1 million won (over $719) in unpaid tax levies and fines. Jeju City Hall. (Source: Jjw [CC BY-SA 4.0]) In total, the individuals’ outstanding tax bills amounted to 19.7 billion won ($14,171,845) in arrears. The investigation saw tax officials comb through data handed over by the country’s four biggest crypto exchanges: Bithumb, Dunamu’s Upbit, Coinone, and Korbit. The number of households in Korea living in rented homes is nearing 10 million, with more than half concentrated in the greater Seoul area. Seoul is the only one of the country’s 17 major regions in which more than half of all households don't own a home. https://t.co/xdxcxUcyd9 — The Korea JoongAng Daily (@JoongAngDaily) August 17, 2025 City Starts Seizing Coins The investigators confirmed that 49 of the individuals held coins in crypto wallets on the exchanges. The total value of this crypto was 230 million won ($165,458), the city added. The city has since used its power to designated the exchanges as third-party debtors and has “begun procedures to freeze and seize their assets.” Jeju officials are likely to then present the individuals with an ultimatum, telling them that if they do not immediately settle their bills, the city will move to liquidate the coins. The authorities also revealed that they used AI-powered tools to help them identify tax evaders and “hidden” cryptoassets. Jeju City’s tax chief Hwang Tae-hoon said: “We will continue to bolster our response to tax evasion to uncover hidden assets like crypto. We will do our best to track down assets belonging to high-value tax delinquents. We will use AI-based information analysis. This will help us boost tax revenues and foster a culture of honest tax payment.” A similar drive in Seoul’s affluent Gangnam District has seen tax officials recoup over $144,000 so far this year. The post South Korea’s Jeju Wraps Crypto Probe of Almost 3,000 Tax Evaders, Seizes Coins appeared first on Cryptonews .

17 Aug 2025, 23:25

Qubic 51% Attack: Alarming New Threat to Dogecoin Security

BitcoinWorld Qubic 51% Attack: Alarming New Threat to Dogecoin Security Recent news has sent ripples through the cryptocurrency community: the Qubic project, an AI-focused layer-1 blockchain, has openly declared its intention to target Dogecoin (DOGE) with a planned Qubic 51% attack . This development raises significant questions about network safety and the future of decentralized assets. According to reports, the decision came from a community poll initiated by Qubic founder Sergey Ivancheglo. Dogecoin emerged as the overwhelming choice, garnering over 300 votes and surpassing other contenders like Kaspa (KAS) and Zcash (ZEC) combined. This move follows Qubic’s earlier claim of achieving 51% control over Monero’s hashrate, indicating a serious approach to their stated objectives. Understanding the Threat: What is a 51% Attack Crypto ? A 51% attack occurs when a single entity or group gains control of more than half of a blockchain network’s total computing power, or ‘hashrate’. This dominance allows them to manipulate the network in several ways, posing a severe threat to its integrity. Double Spending: Attackers can reverse transactions, effectively spending the same cryptocurrency twice. Blocking Transactions: They can prevent legitimate transactions from being confirmed. Preventing Mining: Attackers can halt other miners from adding new blocks to the chain. Such an event highlights a critical blockchain vulnerability , demonstrating how a concentrated power can undermine the very principles of decentralization and trust. The Vote’s Impact: What Does This Mean for Dogecoin Security ? The Qubic community’s explicit targeting of Dogecoin puts its network security directly in the spotlight. Dogecoin, a popular meme coin, relies on a proof-of-work (PoW) consensus mechanism, making it theoretically susceptible to a 51% attack if an entity accumulates enough mining power. While Dogecoin has a large and active community, the threat of a coordinated attack from a project like Qubic, which claims prior success against Monero, cannot be ignored. A successful attack could severely impact Dogecoin’s reputation, price, and overall usability. Investors and users of DOGE are now more vigilant, watching how this situation unfolds and what countermeasures, if any, the Dogecoin community or developers might implement. Broader Implications: Addressing Cryptocurrency Threats This situation with Qubic and Dogecoin is not an isolated incident. It serves as a stark reminder of the ongoing cryptocurrency threats that exist in the digital asset space. While blockchains are designed to be secure, their security often depends on the distribution of hashrate and the economic incentives of miners. Events like these underscore the importance of: Decentralization: A truly decentralized network with a wide distribution of mining power is more resilient. Community Vigilance: Active communities can help identify and respond to potential threats. Developer Innovation: Continuous efforts to enhance network security and introduce robust protocols are essential. The crypto world must continually adapt and strengthen its defenses against malicious actors seeking to exploit network weaknesses. Safeguarding Your Assets Against a Potential Qubic 51% Attack While the immediate impact of Qubic’s declaration on Dogecoin remains to be seen, it’s a good time for all crypto users to review their security practices. Staying informed about potential vulnerabilities and understanding the risks associated with different cryptocurrencies is crucial. For those holding Dogecoin or other PoW assets, monitoring network activity and official announcements from development teams is advisable. The best defense against a potential Qubic 51% attack or any other significant threat is knowledge and proactive security measures. Conclusion: A Wake-Up Call for Crypto Security The Qubic community’s vote to target Dogecoin serves as a powerful reminder that the cryptocurrency landscape, while innovative, is not without its perils. The threat of a 51% attack is a serious concern, highlighting the fundamental importance of robust network security and true decentralization. This unfolding situation demands attention from the entire crypto community. It underscores the continuous need for vigilance, technological advancements, and collective action to safeguard the integrity and trustworthiness of blockchain networks against evolving threats. Frequently Asked Questions (FAQs) Q1: What exactly is a 51% attack in cryptocurrency? A 51% attack occurs when a single entity or group controls over half of a blockchain network’s mining power, allowing them to potentially manipulate transactions, block confirmations, or even double-spend coins. Q2: Why did the Qubic community choose Dogecoin as their target? In a poll launched by Qubic’s founder, Sergey Ivancheglo, Dogecoin received the most votes from the community, indicating their collective decision to target DOGE. Q3: Has Qubic successfully launched a 51% attack before? Qubic previously claimed to have gained 51% control of Monero’s hashrate in a prior effort, suggesting a history of attempting such network manipulations. Q4: What are the potential risks if a 51% attack on Dogecoin succeeds? If a 51% attack on Dogecoin were successful, it could lead to double-spending, transaction censorship, network instability, and a significant loss of trust and value for DOGE. Q5: How can crypto users protect themselves from such threats? Users can protect themselves by staying informed about network developments, using reputable exchanges and wallets, diversifying their portfolios, and understanding the security mechanisms of the cryptocurrencies they hold. If you found this article insightful, please share it with your network! Help us spread awareness about critical developments in blockchain security and cryptocurrency threats. Your share can make a difference! To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain technology institutional adoption. This post Qubic 51% Attack: Alarming New Threat to Dogecoin Security first appeared on BitcoinWorld and is written by Editorial Team

17 Aug 2025, 23:17

Coinbase Research Predicts Possible Shift to Altcoin Season Amid Decreasing Bitcoin Dominance and Rising Ethereum Interest

Coinbase’s experts predict an upcoming altcoin season as Bitcoin’s dominance declines. Favorable liquidity and institutional interest are expected to push altcoins upward by September, with Ethereum leading the charge. Bitcoin’s

17 Aug 2025, 23:10

Unleashing MicroStrategy Bitcoin: Michael Saylor Hints at Massive New BTC Acquisitions

BitcoinWorld Unleashing MicroStrategy Bitcoin: Michael Saylor Hints at Massive New BTC Acquisitions The world of cryptocurrency is always buzzing, and few figures command as much attention as Michael Saylor, co-founder of MicroStrategy. His firm’s relentless accumulation of Bitcoin (BTC) has made headlines repeatedly. Recently, Saylor hinted at further significant moves, fueling excitement among those watching the powerful MicroStrategy Bitcoin strategy closely. What’s Behind MicroStrategy’s Massive Bitcoin Holdings? Michael Saylor recently shared a compelling update on X (formerly Twitter), revealing that MicroStrategy now holds an astonishing 628,946 BTC. This massive hoard is currently valued at approximately $74.5 billion. It truly highlights the company’s unwavering commitment to its digital asset strategy, making their Bitcoin holdings a benchmark for corporate adoption. Saylor accompanied this announcement with a chart showcasing the sheer scale of MicroStrategy’s Bitcoin holdings . What truly caught the eye, however, was his cryptic yet telling phrase: “Insufficient Orange.” This statement strongly suggests a desire for even more acquisitions, indicating that the firm’s appetite for BTC remains insatiable. This commitment is central to the MicroStrategy Bitcoin narrative. Are More BTC Acquisitions on the Horizon? Historically, when Michael Saylor has made such public pronouncements, new BTC acquisitions have often followed shortly after. This pattern has become a reliable indicator for market observers. Saylor’s latest hint has naturally sparked widespread speculation that MicroStrategy is gearing up for another significant purchase of the leading cryptocurrency. The company has consistently leveraged various financial strategies, including convertible notes, to fund its aggressive Bitcoin accumulation. This approach has allowed MicroStrategy to become the largest corporate holder of Bitcoin, solidifying its unique position in the crypto investment landscape. Their strategy has proven successful, attracting both praise and scrutiny. Michael Saylor’s Unwavering Vision for Bitcoin Michael Saylor is not just a corporate executive; he is a fervent advocate for Bitcoin. He views Bitcoin as a superior store of value and a foundational asset for the future. His unwavering belief has driven MicroStrategy’s bold strategy, transforming a business intelligence company into a de facto Bitcoin ETF for many investors. The sheer volume of MicroStrategy’s Bitcoin holdings gives them significant influence in the market. Each acquisition, no matter the size, sends a clear signal of confidence. This confidence can often inspire other institutional and retail investors to consider increasing their own exposure to the digital asset. It reinforces the long-term viability of Bitcoin. What Does This Mean for Your Crypto Investment Strategy? For individuals and institutions alike, MicroStrategy’s consistent buying provides a powerful case study in long-term Bitcoin conviction. While individual investment decisions should always align with personal financial goals and risk tolerance, observing such significant corporate moves offers valuable insights. Here are key takeaways for your crypto investment approach: Strategic Asset: Bitcoin can serve as a long-term strategic asset within a diversified portfolio. Institutional Acceptance: MicroStrategy’s actions signal growing corporate and institutional interest in cryptocurrencies. Market Influence: Large-scale corporate acquisitions can influence market sentiment and potentially drive price action. Conviction Pays: Saylor’s consistent accumulation demonstrates the potential rewards of a strong, long-term conviction in Bitcoin. The continued accumulation by a publicly traded company like MicroStrategy underscores a growing institutional acceptance of cryptocurrency. This trend could pave the way for broader adoption and increased stability in the market, shaping the future of crypto investment . In conclusion, Michael Saylor’s latest hint about “Insufficient Orange” strongly suggests that MicroStrategy’s impressive MicroStrategy Bitcoin holdings will continue to grow. This consistent strategy by a major corporate player reinforces the long-term bullish sentiment around Bitcoin and its role in the evolving financial landscape. Keep an eye on MicroStrategy; their next move could once again send ripples across the crypto world. Frequently Asked Questions (FAQs) Q1: How much Bitcoin does MicroStrategy currently hold? A1: MicroStrategy holds 628,946 BTC, valued at approximately $74.5 billion as of Michael Saylor’s recent update. Q2: Who is Michael Saylor? A2: Michael Saylor is the co-founder and executive chairman of MicroStrategy, known for his strong advocacy and aggressive accumulation of Bitcoin for his company. Q3: What does Michael Saylor’s phrase “Insufficient Orange” mean? A3: “Insufficient Orange” is Michael Saylor’s metaphorical way of saying that MicroStrategy does not have enough Bitcoin and intends to continue acquiring more. Q4: How does MicroStrategy fund its Bitcoin purchases? A4: MicroStrategy primarily funds its Bitcoin acquisitions through various financial strategies, including issuing convertible notes and leveraging its balance sheet. Q5: What is the significance of MicroStrategy’s Bitcoin strategy for the broader market? A5: MicroStrategy’s consistent and large-scale Bitcoin accumulation signals strong institutional confidence in Bitcoin, potentially influencing other corporate and institutional investors and contributing to broader market stability and adoption. Did Michael Saylor’s bold vision for Bitcoin inspire you? Share this article with your friends and fellow crypto enthusiasts on social media to spread the word about MicroStrategy’s incredible Bitcoin journey! To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Unleashing MicroStrategy Bitcoin: Michael Saylor Hints at Massive New BTC Acquisitions first appeared on BitcoinWorld and is written by Editorial Team

17 Aug 2025, 23:00

OKB’s correction ahead? A dip to $92.7 is possible if THIS happens

OKB surged 38% in 24 hours, hitting a local high of $131 amid rising Open Interest.