Top crypto news today

Bitcoin drops to $58K on high US PCE inflation as trader sees 'manipulation'

Bitcoin fell to 21-month lows as stock market volatility accompanied three-year highs in US PCE inflation, leading to $600 million in hourly crypto liquidations.

CryptoQuant warns on Strategy's dividend coverage as cash reserve falls 38%

Strategy's cash reserves are now enough to pay only 14 months of dividends from the previous seven-year level. CryptoQuant said the company should pause Bitcoin purchases and rebuild its reserves.

Ethereum Foundation sacks 20% of workforce amid strategic restructuring

The Ethereum Foundation fired 54 employees and unveiled a new organizational structure as Vitalik Buterin said the group plans to reduce its budget by roughly 40%.

Abracadabra takes emergency action as MIM stablecoin depeg worsens

The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.

Spark migrates $150M in stablecoin to Uniswap to advance shared liquidity

Spark deployed approximately $150 million across two Uniswap v4 pools on Ethereum, while its DualPool hook and Shared Liquidity Layer are planned for later phases.

South Korean authorities fine Bithumb $136K over sharing user information overseas

The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data.