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Tether has announced the appointment of Bo Hines as its Strategic Advisor for Digital Assets and U.S. Strategy. This is the company’s latest bid to strengthen its grip in the US market after President Donald Trump signed the first federal crypto law into effect. Tether Brings on Bo Hines to Lead U.S. Expansion In a
The post Breaking: Tether Appoints Bo Hines as Strategic Advisor in Bid to Strengthen U.S. Compliance appeared first on CoinGape.
Ethereum (ETH) has surged to its highest level in nearly four years, sitting just 13.5% below its all-time high.
The renewed momentum has sparked mixed activity among crypto whales, with some accumulating in anticipation of further gains while others lock in profits as the market edges toward record territory.
Yesterday, BeInCrypto reported that ETH broke past $4,000 after 8 months. Since this milestone, the uptrend has continued to accelerate.
The second-largest cryptocurrency reached $4,331 during early Asian trading hours today, a level last seen in December 2021. At press time, the price had adjusted to $4,229.45, representing an appreciation of 1.45% over the past day.
With the price only $648 shy of the November 2021 record peak of $4,878, Ethereum whales are adjusting their positions. On-chain data indicates a mixed response among whales.
In an X (formerly Twitter) post, Lookonchain highlighted that some big players are moving large amounts of capital into Ethereum.
A whale with wallet address 0xF436 withdrew 17,655 ETH worth $72.7 million from exchanges. The blockchain analytics firm added that the whale might be acting on behalf of SharpLink Gaming.
Another whale, wallet 0x3684, spent 34 million Tether (USDT) to buy 8,109 ETH at $4,193 each. What’s noteworthy is that Ethereum’s latest rally has drawn back players who had previously sold their holdings, prompting them to switch sides.
Lookonchain noted that in early August, Arthur Hayes, Maelstrom’s Chief Investment Officer (CIO), sold 2,373 ETH worth $8.32 million. At the time, ETH was priced around $3,507.
Yesterday, he transferred 10.5 million USDC (USDC) to repurchase ETH, this time at a higher price.
“Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I’ll never take profit again,” Hayes said.
Hayes isn’t alone. An unidentified whale sold 38,582 ETH during the price dip to $3,548, only to buy back at $4,010.
“That’s a loss of over $17 million just from selling low and buying higher. Market swings can trigger fear, but history shows that strong hands often win in Crypto,” a crypto market watcher wrote.
This whale panic sold $19,810,000 $ETH after the drop.
Today, he bought back $12,580,000 Ethereum after the bounce.
pic.twitter.com/ESOrsmJj6G
— Ted (@TedPillows) August 8, 2025
Nonetheless, the whale’s behavior has not been uniformly optimistic. According to Lookonchain, Erik Voorhees, an early Bitcoin advocate and founder of ShapeShift, sold 6,581 ETH worth $27.38 million at a price of $4,161.
Despite the recent transaction, he still retains 556.68 ETH, worth approximately $2.3 million.
“We were founded before Ethereum existed. Still bullish ETH,” ShapeShift posted.
Another notable move came from Ethereum co-founder Jeffrey Wilcke. He recently deposited 9,840 ETH (about $9.22 million) into Kraken.
Just three months ago, Wilcke transferred 105,737 ETH to eight newly created wallets. He now holds 95,897 ETH, valued at around $401 million.
In a separate case, OnChain Lens observed that a long-dormant whale moved funds after five years of inactivity. The crypto whale deposited 5,000 ETH worth $21.14 million into Binance. The move netted a profit of roughly $45.38 million.
“The whale initially received 55,001 ETH worth $6.73 million from BitZ, 7 years ago. The whale still holds 5,001 ETH worth $21.07 million,” OnChain Lens added.
The contrasting moves, from large-scale accumulation to substantial profit-taking, reveal a split in sentiment among major ETH holders.
The post How Crypto Whales are Reacting to Ethereum’s Rally and All-Time High Optimism appeared first on BeInCrypto.
The recent bearish market forces caused Pi Network price to decrease by 30% during the past month. The price of Pi Network dropped below $1 while it tests the $0.9 support level after other altcoins along with Bitcoin showed a slight market recovery. The market trends and uncertain developments combine to worsen the existing value decrease experienced by Pi Network. The question remains as to how low will the PI price go as bear pressure mounts.
After its launch in February, the Pi Network price experienced a rapid increase, yet it is now facing a notable downward movement. The currency attained its highest value point at $2.98 before experiencing a quick market downfall. The mainnet launch failed to meet expectations by driving up the PI price since its launch coincided with a price decline.
On February 20, 2025, the lowest Pi price reached $0.6152 while experiencing an enormous 72.61% decline from its peak value. The market continues to show uncertainty because confidence levels are unstable despite some price recovery.
The Pi Network value has dropped significantly because more than 99.3 million Pi currency tokens will soon become available for unlocking. Out of the total $91 million valuation the tokens represent, they will enter daily circulation using a 3 million token release schedule for the next 30-day period.
The market will receive its biggest unlock of 6.8 million tokens when April 3 arrives. The upcoming large unlocks for May and June worry the market due to potential liquidity surges and increased sell-offs.
The price devaluation becomes apparent because Pi Network missed the opportunity to be listed among the leading cryptocurrency exchanges, such as Binance, Coinbase, and Upbit. Although users in South Korea find Pi Network very popular, many exchanges, including major platforms, have barred Pi from their platforms.
Holders continue to display concern about Pi project tokenomics because the Pi Foundation holds a large percentage of the total supply which leads to increased fears and panic selling events.
The price of PI has experienced major fluctuations during recent weeks. The price currently challenges $0.8304 support after losing ground from its initial $1.00 peak. The market value of PI Network currently exists within a consolidation pattern which presents an expected price region from $0.70 to $1.00.
The MACD indicator signals bearish characteristics because both its lines exist under the zero threshold. The current RSI value measures 32 which suggests that BTC approaches a condition where it could become oversold. A market reversal might come into play whenever buying pressure strengthens.
The PI price shows signs of continued resistance at present support areas. The value retaining its $0.70 value could enable a positional shift toward the higher zone of $1.00. A failure at current market support might push the token toward $0.50 in relation to wider market conditions.
The post How Low Can Pi Network Price Go As Bearish Pressure Mounts? appeared first on CoinGape.
Livepeer’s native token, LPT, has seen an impressive surge. In June, it jumped 150% to a four-month high of $14.20.
However, the price has now dropped 40% from that recent peak.
First, the rally gained momentum after LPT was listed on major platforms, including South Korea’s Upbit exchange and the decentralized exchange dYdX.
In addition, Grayscale included Livepeer in its newly created Crypto Artificial Intelligence (AI) sector. This inclusion signals recognition of Livepeer’s potential to disrupt traditional video infrastructure by integrating AI.
The listing news sent LPT’s daily trading volume soaring to over $4 billion on May 30—more than 10 times the previous average. This marked its highest daily volume so far this year.
At the time of writing, LPT’s trading volume still exceeds $1 billion. According to CoinMarketCap, it has surpassed Virtual Protocol to become the highest-volume AI token on the market, which indicates strong interest from traders.
However, LPT’s price has since dropped sharply, down 40% from its $14.30 peak to around $8.50. This suggests that the surge in volume, paired with the price drop, may reflect profit-taking activity.
It also implies that investor expectations could be short-term.
At press time, LPT was trading at $8.51, up over 10% in the past 24 hours.
Whales have taken advantage of increased liquidity and price gains to realize profits. On-chain data today shows that a whale withdrew 526,000 LPT (worth $4.81 million) from LPT’s PoS staking contract and transferred the funds to Binance.
Although selling pressure is mounting, some technical analysts believe the price could rebound from the $7 region.
“LPT eyes on this one, should hold the green zone for a potential bounce to yearly open 14.5$,” crypto analyst Muneeb predicted.
Livepeer has a clear mission: to revolutionize video infrastructure by leveraging AI. Its real-time video processing capabilities and a decentralized approach to GPU usage place it at the forefront of innovation.
Launched in 2021, Livepeer raised $51.8 million—well before the current AI boom. In 2025, the project is returning with renewed momentum, fueled by exchange listings and increasing attention from funds interested in AI technology.
“Livepeer is building the open video infrastructure for the AI era. Real-time AI video processing, decentralized GPUs, and a permissionless network powering new creative and technical frontiers,” the project states.
But this renewed spotlight also brings challenges. Despite the recent gains, LPT faces headwinds as the broader AI crypto sector has declined by over 45% year-to-date. This downturn highlights the volatile nature of the market and the risks associated with investing in AI-related cryptocurrencies.
Listing on exchanges and inclusion in key indices may bring short-term attention. However, Livepeer must overcome current market challenges and prove real-world use cases beyond the crypto ecosystem for sustainable growth.
The post AI Token Livepeer (LPT) Soars 150%, Then Drops 40% – What’s Driving the Volatility? appeared first on BeInCrypto.