Ethereum (CRYPTO: ETH) is down 5% over the past 24 hours, extending its monthly decline to around 38%.

CryptocurrencyTickerPriceMarket Cap7-Day TrendEthereum(CRYPTO: ETH)$1,819.76$219.7 billion-8.3%Bitcoin(CRYPTO: BTC)$62,905.46$1.25 trillion-7.7%XRP(CRYPTO: XRP)$1.33$81.3 billion-8.6%

Trader Notes: Crypto trader Don Wedge said Ethereum is sitting at a major support zone with two likely paths: either a bounce from current levels or a sweep of key support before reversing higher.

In both scenarios, he expects an eventual shift into an uptrend, though timing the exact bottom remains difficult.

He added that Ethereum often feels slow and uneventful before sharp rallies, historically catching…

Read more on Benzinga

Terraform Labs’ bankruptcy administrator on Monday sued market making firm Jane Street for alleged insider trading during the 2022 Terra-Luna collapse, claiming the firm used a private group chat titled “Bryce’s Secret” to obtain non-public information and front-run the $40 billion implosion.

The 10-Minute Window

The lawsuit centers on May 7, 2022, when Terraform quietly withdrew 150 million TerraUSD from Curve’s 3pool without announcing it, the Wall Street Journal reported on Monday.

Less than 10 minutes later, a wallet allegedly linked to Jane Street withdrew 85 million TerraUSD from the same pool—at the time, the largest transaction ever recorded there.

The combined removal of…

Read more on Benzinga

Taylor Lindman, former executive at blockchain platform Chainlink (CRYPTO: LINK), began his role as Chief Counsel for the SEC’s Crypto Task Force on Monday.

‘Great Things’ To Come, Says Crypto Task Force Head

Hester Peirce, SEC Commissioner and head of the Task Force, welcomed Lindman, predicting “great things” from his appointment.

Chainlink expressed gratitude for Lindman’s contributions as Deputy General Counsel for the decentralized oracle platform, and looked forward to working with him to take the U.S. financial system to the “next level of development and rapid growth.”

SEC Wants US To Be World’s Crypto Capital

The regulator later launched an initiative called…

Read more on Benzinga

Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao said that Wall Street should worry more about artificial intelligence than cryptocurrency after shares of International Business Machines Corp (NYSE:IBM) plunged Monday on Anthropic’s claims about its AI advancements.

CZ’s Jibe At TradFi

CZ wrote in a sarcastic X post,, “Wall Street was worried about crypto… when they should be worried about AI.”

The cryptocurrency billionaire poked fun at some traditional finance companies that have long feared or criticized the sector’s volatility and risks.

AI Growth Spooks Wall Street

CZ’s remarks came after IBM shares tumbled more than 13% in Monday’s regular trading on AI…

Read more on Benzinga

Strategy Inc. (NASDAQ:MSTR) Executive Chair Michael Saylor shared his thoughts Monday on the “strongest argument” against Bitcoin (CRYPTO: BTC) and why he rejects it.

Saylor Claims Investors Wary Of BTC’s Novelty

Speaking to Bitcoin influencer Natalie Brunell, Saylor argued that the strongest opposition to Bitcoin stems from its novelty.

“It’s new, and as new it’s not [worth it]. It’s only been around for a number of years and maybe I want to before I trust my entire life to it. I want to see it around longer,” the Bitcoin bull said, explaining how hesitant investors think.

‘Profound Innovations’ Take Time, Says Saylot

Saylor drew a parallel between Bitcoin and the…

Read more on Benzinga

Leading cryptocurrencies bled alongside stocks on Monday, as new global tariffs and AI disruption fears sparked jitters.

Crypto Woes Drag On

Bitcoin slipped below $64,000 as sell-off intensifies and leveraged liquidations jump. The apex cryptocurrency has now fallen nearly 50% from its all-time highs set in October.

Ethereum dropped to an intraday low of $1,813, as trading volume soared 86% in the last 24 hours. XRP and Dogecoin moved sideways.

Over $466 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for the majority. Bitcoin alone recorded $233 million in liquidations.

Bitcoin’s open interest fell 0.94% over the past…

Read more on Benzinga