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Author: CryptoPress

Tom Lee

Tom Lee’s Bold Vision: Ethereum Poised for $250,000 as AI and Tokenization Transform Global Finance

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In the volatile world of cryptocurrencies, few voices carry as much weight from traditional finance as Tom Lee, Chairman of BitMine Immersion Technologies and co-founder of Fundstrat. His recent statements underscore a powerful narrative: Ethereum is not just surviving the current market conditions but is set to become the backbone of a new financial and technological era driven by artificial intelligence and real-world asset (RWA)...

AI, Ethereum, People in crypto, Real World Assets (RWA)

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Bitcoin Bounces Toward $64,000, Triggering Millions in Short Liquidations

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Bitcoin rallied sharply toward the $64,000 mark on Monday, recovering from a recent slide that briefly dragged the premier cryptocurrency below $60,000. The rapid upward movement caught bearish traders off guard, setting off a swift short squeeze that wiped out roughly $320 million in short positions within a 15-minute window. This rebound offers some relief to bulls after a highly volatile stretch that saw heavy liquidations across...

Breaking, News

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Weekly Snapshot  – Crypto Market Correction

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Bitcoin and Ethereum Face Severe Weekly Correction The crypto market endured one of its worst weeks in recent years, with Bitcoin declining approximately 17-20% and trading around $61,000-$63,000 as of early June 8, 2026. Ethereum followed suit with similar losses, pushing the total market capitalization lower by hundreds of billions. Key drivers include sustained outflows from U.S. spot Bitcoin ETFs (over $3 billion recently reported in...

Altcoins, Bitcoin, Crypto market, ETF, Ethereum

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MyBalance

MY BALANCE: The Global Crypto Solution Aiming to Turn USDT Into an Everyday Payment Tool

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The official website for MY BALANCE is https://mybalance.website, where the project presents its global crypto payment vision. MY BALANCE was created with a simple yet ambitious premise: to allow anyone, regardless of their country of residence, to use USDT and other stablecoins to pay merchants anywhere in the world, while the seller automatically receives the equivalent amount in local currency. The new solution is presented as a...

dApps, Featured, Press release, Wallets

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Crypto's Worst Week Since July 2024, Over .2 Billion in Positions Liquidated

Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated

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Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value. Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff. Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed...

Bitcoin, Ethereum, Front page, News

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