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Ethereum Foundation Clarification: ETH Was Not Sold Today, Actual Seller Was Non-Profit Development Organization Argot Collective
BlockBeats News: On July 11, Ethereum Foundation's Co-Executive Director, Hsiao-Wei Wang, clarified in a post that today's news about "Ethereum Foundation selling 1210 ETH" is not true. The actual seller is Ethereum Foundation's spin-off entity, Argot Collective (a non-profit development group).
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From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
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From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
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