Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Heilpern loves Bitcoin, hates bullshit… was a China state media journo: Hall of Flame

Author of Undressing Bitcoin: A Revealing Guide to the World’s Most Revolutionary Asset and host of The Layah Heilpern Show.

Author, podcaster and crypto influencer Layah Heilpern’s unapologetic and sometimes controversial tweets have amassed her an impressive 606,900 Twitter followers.

She tells Hall of Flame she fearlessly “speaks the truth about things” and admires others who do likewise. 

Unlike many influencers represented by fancy talent agencies, Heilpern decided to keep it all in the family by hiring her brother Gideon as her manager.

“There’s no one I trust more in this world than my brother. I can rely on him 100%,” Heilpern says.

Laylah 1
Continue reading

Bitcoin OG keeps faith in bull market as BTC price bounces 8%

Bitcoin (BTC) swiftly erased its month-to-date losses into June 7 as volatility returned to ultimately favor the bulls. 

BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

BTC price cancels Binance, Coinbase dip

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,388 on Bitstamp — almost a new June high.

The pair continued a rebound which had begun the day prior, with markets shaking off initial nerves from United States legal action over Binance and Coinbase.

In so doing, Bitcoin recovered all of its lost ground, returning to its previous trading range focused just below $27,000.

“Back to $27K. Great bounce from the 200-Week MA. Time to start the new uptrend to $38-42K on Bitcoin,” Michaël van de Poppe, founder and CEO of trading firm Eight, responded.

Continue reading

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.

Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off in April, with regulatory concerns and a lack of liquidity promoting risk-off tendencies among traders.

The report stated that while it might appear that memecoins caused a surge in Uniswap’s trading volume, a closer look at Uniswap’s pools reveals that the majority of volume was for top cryptocurrencies in Wrapped BTC, Ether (ETH) and stablecoins.

Moreover, sandwich attacks and bot trading accounted for a significant amount of this trading activity. The report read:

“If we take into account that many bots engage in arbitrage or sandwich attacks, the degree of ‘organic’ trading volume on Uniswap may well account for over two-thirds of all DEX activity.”

Continue reading

Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.

BTC/USD 1-day candle chart on Bitstamp. Source: TradingView

Analyst sees Coinbase news marking BTC price low

Data from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached $26,250 on Bitstamp.

The pair had dipped to nearly three-month lows of $25,350 earlier in the day amid news that the U.S. Securities and Exchange Commission was suing exchange Coinbase.

An accompanying press release referred to acting as an unregistered broker “engaging in an unregistered securities offering through its staking-as-a-service program” beginning in 2019.

The move followed legal proceedings against the U.S. arm of the largest crypto exchange, Binance, the day prior, this having a much more pronounced impact on crypto markets.

Continue reading

Tornado Cash 2.0: The race to build safe and legal coin mixers

When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret.

Tornado Cash is what is known as a “mixer,” a “coin anonymizer” that breaks the identifying links in blockchain transactions, providing a certain degree of anonymity for users.

The reasons people use coin anonymizers vary from criminality to ideology. Bad actors can use Tornado Cash to hide their naughty deeds, effectively laundering the proceeds of crime and preventing stolen crypto from being traced to them on the blockchain. That’s why the United States Department of the Treasury’s Office of Foreign Assets Control sanctioned the protocol last year. 

But there are legitimate reasons for not wanting your every transaction tracked, and supporters argue that Tornado Cash provides important privacy infrastructure. But is it possible to build a privacy-preserving protocol that provides regulators with just enough information to know users are staying on the right side of the law? 

Various developers are experimenting with redesigned mixers using ZK-proofs and believe there’s a way to make it happen.

Continue reading

Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance

Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over the largest exchange, Binance, lingered.

BTC/USD 1-day candle chart on Bitstamp. Source: TradingView

BTC price risks losing multimonth range

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows.

The weakness came from a knee-jerk market reaction to the news that the United States Securities and Exchange Commission (SEC) was suing Binance and its CEO, Changpeng “CZ” Zhao, over “a variety of securities law violations.”

“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” SEC Chair Gary Gensler stated in part of a press release.

While sparks continued to fly between the exchange and the SEC — even on social media — Bitcoin traders looked to what a recovery might look like.

Continue reading

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are still digesting the potential impacts of the regulatory action, which also involves Binance CEO Changpeng “CZ” Zhao.

According to digital asset investment firm Arca CEO Jeff Dorman, the direct impact of an eventual shutdown of Binance operations in the U.S. is irrelevant. Furthermore, non-criminal charges from the past should not destabilize Binance’s present international structures. Still, Arca’s CEO expects negative market sentiment to prevail as the crypto community cheers for CZ and Binance.

Binance is not the only pressing concern

Even if the SEC charges against Binance have little to no impact in the medium term, there’s additional uncertainty coming from Digital Currency Group (DCG) and its subsidiary Genesis Capital, which filed for Chapter 11 bankruptcy on Jan. 19.

According to Jon Reiter, CEO of Data Finnovation and ChainArgos, DCG CEO Barry Silbert pulled $1 billion out of his personal holdings just as cryptocurrency hedge fund Three Arrows Capital defaulted. While this could have been a coincidence, it certainly draws even more attention to the intercompany loans and deals inside DCG.

Traders now question whether Bitcoin (BTC) will test the $25,000 resistance, a level unseen since March 17. Considering that the U.S. debt ceiling crisis has been averted, the odds for a surprise Bitcoin price rally seem even more unlikely in the short term.

Continue reading

Bitcoin price will get 'another test' of 200-week trend line — analyst

Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges.

BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

Van de Poppe: Trend line failure could mean "bottom isn't in yet"

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking to $26,640 on Bitstamp.

Down nearly 3% versus the weekend’s highs, the pair looked weak as key support lines inched closer.

Among these was the 200-week moving average (MA), now at $26,400, which had weathered repeated tests to stay as support since mid-March.

“Bitcoin is going to get another retest of support at the 200-Week MA (purple),” Keith Alan, co-founder of monitoring resource Material Indicators, warned in commentary on the weekly chart.

Continue reading

‘$31K was not the end’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say.

After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts.

It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback.

There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do in the short term.

The on-chain analysis provides other interesting insights, reinforcing the idea that for Bitcoin currently, the only “boring” part is the spot price.

Continue reading

Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020.

In addition to the above, the expectation that the Federal Reserve will be in a pause mode during its next meeting may have acted as a catalyst for the rally. CME’s FedWatch Tool is showing a 75% probability of a pause, with the remaining 25% expecting a 25 basis points hike at the June 14 meeting.

Crypto market data daily view. Source: Coin360

Rallies in the equities markets failed to trigger a similar performance in Bitcoin (BTC) and the altcoins. However, a minor positive is that several major cryptocurrencies have stopped falling and are trying to start a recovery.

Could bulls maintain the momentum and surmount the respective overhead resistance levels? If they do, which are the top five cryptocurrencies that may lead the rally?

Bitcoin price analysis

Bitcoin has been trading close to the 20-day exponential moving average ($27,233) for the past three days. This suggests that the bulls are buying the dip near $26,500.

Continue reading

Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review

Grand Theft Auto VI crypto rumors

Rumors that the upcoming Grand Theft Auto VI will incorporate cryptocurrency and nonfungible tokens (NFTs) have once again surfaced, sparking speculation among fans.

Posts shared on Twitter suggest that GTA 6 will be a play-to-earn game and that in-game items such as cars and weapons will be NFTs.

GTA creator Rockstar Games are yet to weigh in on whether there’s any truth to these claims, but there seems to be little solid evidence backing the rumors.

The company cracked down on the use of crypto in GTA in November last year and sent cease and desist letters to companies running public servers with blockchain integrations — a blow to several game makers that had built their games on the platform.

A Lambo from GTA 5. (Steam/Rockstar Games)

Given that GTA 5, released in 2015, has sold over 180 million copies and generated a staggering $8 billion in revenue, it seems unlikely that Rockstar would drastically alter the successful formula of the franchise, the latest installment of which is expected next year or in 2025.

A lambo from GTA 5
Continue reading

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Ether’s (ETH) decentralized finance (DeFi) activity has declined in the bear market, and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens, which could revive Ethereum’s network activity.

The percentage of gas consumed by DeFi protocols has dropped from 34% in 2020 to between 8% and 16% presently, with nonfungible tokens (NFTs) commanding the maximum share of 25–30%, according to a recent report from Glassnode.

Ethereum gas usage by transaction type. Source: Glassnode

Glassnode’s supply-weighted price index for DeFi, priced in United States dollars and ETH, recorded a 90% loss since early 2021.

The so-called DeFi “blue chips,” which represent a basket of governance tokens from well-known DeFi protocols like Uniswap (UNI), MakerDAO (MKR), Aave (AAVE), Compound (COMP), Balancer (BAL) and SushiSwap (SUSHI), have lost 88% of their market capitalization from all-time highs of $45 billion in May 2021.

ETH vs. DeFi tokens price performance. Source: Glassnode

DeFi blue chip tokens have underperformed against ETH during bullish market rallies and experienced a more severe drop than ETH “on the downside during the bear.” The analysts predict that since the staking of ETH now yields 4%, it will act as a “new hurdle rate over which token returns must jump.” This yield represents the benchmark rate for Ether investors.

Continue reading

Musk’s alleged price manipulation, the Satoshi AI chatbot and more: Hodler’s Digest, May 28 – June 3

Top Stories This Week

Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit

A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange Commission regulations. According to the complaint, Musk profited off DOGE trading at the expense of other investors by causing the price of the token to spike through actions including changing Twitter’s logo to the Dogecoin logo. As one of the world’s richest people, the Twitter CEO has made frequent statements about Dogecoin to his millions of followers since 2019, often causing the price of the token to surge.

Satoshi Nak-AI-moto: Bitcoin’s creator has become an AI chatbot

Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin creator. The model, essentially, is OpenAI’s ChatGPT trained on a limited data set, including Nakamoto’s public emails and forum posts, as well as other Bitcoin sources. In testing, the chatbot generates responses that are typically uncertain of the future of fiat currencies and hopeful about Bitcoin. Its goal is to show that AI tools could potentially be used in education, one of the creators said.

Buying a bank won’t solve crypto’s debanking issue — Binance CEO

Binance CEO Changpeng “CZ” Zhao has considered acquiring a bank amid the ongoing debanking of crypto firms across the globe. However, according to CZ, regulatory complexity and capital requirements make it unwise for Binance. “The reality is much more complex than the concept,” said the crypto executive. Binance has recently lost its fiat on-ramp and off-ramp partner in Australia — after difficulties finding a bank partner in the United States earlier this year. The company has been seeking a new payment provider in the country. has been granted a major payment institution license for digital payment token (DPT) services in Singapore. With the license, the crypto exchange is now authorized to offer its DPT services to customers in the country. The latest announcement adds to’s track record of securing regulatory licenses. The exchange has also been granted registration and/or licenses in France, the United Kingdom, Dubai, South Korea, Australia, Italy, Greece and Cyprus..

Web3 developer Magic raises $52M in funding led by PayPal Ventures

Wallet-as-a-service provider Magic raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone and Volt Capital, bringing Magic’s total funds raised to over $80 million. Magic’s software is currently used by brands in retail, music, fashion and gaming, including Mattel, Macy’s, Xsolla and Immutable. Founded in 2020, Magic has generated over 20 million unique wallets to date. 

Continue reading

Arbitrum price soars after DeFi whale address resumes ARB accumulation

On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.

Why is the ARB price up today?

The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25, beating the crypto market’s total overall gains of 1.5% in the same period.

ARB/USDT vs. total daily price chart. Source: TradingView

Arbitrum’s outperformance coincided with some strange buying activity associated with popular trader Andrew Kang’s crypto addresses.

Notably, on June 2, the Mechanism Capital co-founder deposited $1 million worth of stablecoins into Arbitrum pools and spent over 20% of it buying RDNT, the native token of decentralized finance lending platform Radiant Capital.

Andrew Kang's crypto activity snapped on June 2. Source: Lookonchain

Later, Kang exchanged his newly bought and existing RDNT reserves for $867,000 worth of ARB. Then, he deposited the proceeds to Radiant Capital to borrow Circle’s USD Coin (USDC), according to data resource Lookonchain.

Continue reading

Bitcoin ‘big move’ due in July after March $30K push — Latest analysis

Bitcoin “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns.

In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin  (BTC) and the largest altcoin, Ether (ETH).

QCP Capital: Bitcoin consolidation “played out perfectly”

Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action.

QCP Capital is among them, predicting a change of course as soon as the end of the month.

This, it argues, is thanks to the United States debt ceiling “sideshow” vanishing, leaving Bitcoin closely mimicking its consolidation and breakout phase from 2020.

Continue reading

Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.

BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

Traders bet on $27,500 BTC price ceiling

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close.

The pair showed little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility.

The collection of moving averages (MAs) and the short-term holder (STH) realized price near $26,000, thus staying untested on intraday timeframes.

Analyzing the current setup, popular trader Crypto Ed considered the potential for upside topping out at $27,500.

Continue reading

Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express

RMB stablecoin team allegedly arrested

On May 31, local news outlet PANewsLab reported that the developers for the offshore Chinese RMB and Hong Kong dollar stablecoin issuer CNHC had allegedly lost contact or had been taken away by law enforcement officials. A photo shows what appears to be an empty office building at CNHC’s Shanghai division with the following message posted:

“The building’s assets have been seized by law enforcement; vandalism is prohibited.”

In March, CNHC raised $10 million in its Series A, led by KuCoin Ventures, Circle, and IDG Capital. The team said back then that it planned to use the funds for “expansion in the Asia Pacific Region” and was in the process of moving its headquarters from the Cayman Islands to Hong Kong.

The reported move appears to be part of a wider crackdown on cryptocurrencies by Chinese authorities. On May 24, Asia Express reported that tokens of Singaporean inter-blockchain communications protocol Multichain had plunged 30% on a delayed backend upgrade and rumors of Chinese police arrest of its core developers.

Though Multichain says that it is still operational, it stated on June 1 that it is still “unable to contact CEO Zhaojun and obtain the necessary server access for maintenance,” and as a result, the protocol will need to suspend a number of affected cross-chain services.

Continue reading

Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

As the summer season arrives, an unexpected heatwave is gripping financial markets.

This heat is coming in the form of the U.S. Dollar Index (DXY), which has been on a remarkable uptrend since late April, reaching levels unseen since early March’s banking crisis when the dollar wrecking ball wreaked havoc on asset prices.

This surge in the dollar has raised concerns among market participants due to its high inverse relationship with Bitcoin (BTC), a topic many macro and crypto analysts have discussed repeatedly in 2023.

The implication of this inverse correlation means that when the dollar rises, BTC falls and vice versa. The chart below showing the year-to-date performances of DXY (blue line) and BTC (orange line) underscores this relationship a step further.

Notice how Bitcoin’s 2023’s performance has been propelled by a downward dollar. Not coincidentally, the DXY reached its year-to-date low near 100.80 on April 13, nearly the exact date BTC reached its year-to-date high of just over $31,000. Since then, however, both have been trending in opposite directions.

Continue reading

BitCulture: Fine art on Solana, AI music, podcast + book reviews

BitCulture explores arts, culture, music and media in blockchain and Web3.

Fine art on the blockchain head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on Solana’s fine art marketplace has broadened her tastes. head curator Haley Karren (Supplied)

“I have a new appreciation for pixel art, voxels and things that really are very much native to this space. It’s been fascinating to see the difference between what I was more interested in two years ago and what I’m interested in now.”

Formerly a curator at New York’s Museum of Modern Art and the Peggy Guggenheim Collection in Venice, Karren says her role has always been as a “conduit” between contemporary artists and the rest of the world. Even more so now that she’s connecting traditional artists to a space that utilizes blockchain, NFTs and artificial intelligence.

“Digital art and traditional art spaces are moving together more and more. That’s a big push for us at, but there is still a little bit of a divide,” she says.’s head curator Haley Karren
Continue reading

Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains

Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment.

BTC/USD 1-day candle chart on Bitstamp. Source: TradingView

BTC price “fills” latest CME futures gap

Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000.

The pair erased its entire uptick seen over the weekend, coming full circle to act in a familiar range on the day.

This centered on the area immediately below $27,000, Bitcoin frequently visiting since the middle of April.

CME Bitcoin futures 1-hour candle chart. Source: TradingView

In doing so this time around, however, BTC/USD “filled” a gap in CME futures outstanding since the weekend trip higher.

Continue reading