ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves

Nearly 10% of Bitcoin supply is ‘structurally unsafe’ from quantum breakthrough: Glassnode

Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” from a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode.

Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post.

Bitcoin creator Satoshi Nakamoto’s coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses.

Ethereum traders say bears ‘in control’ after ETH price drop to $2K

Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis.

Data from TradingView shows ETH price trading at $2,131, down 12% below its local high of $2,420 reached on May 6. On Sunday, ETH/USD hit $2,090 on Bitstamp, its lowest level since April 17.

The bearish sentiment could be returning to Ether’s market as a key metric from Binance, the largest crypto exchange by trading volume, shows that sellers are starting to dominate the platform’s volumes.

The Binance taker buy volume, which measures the total dollar amount of aggressive sell orders placed by traders on Binance futures, climbed above $1.1 billion within an hour on Sunday as ETH moved toward levels below $2,100.

Ether pullback was ‘attractive opportunity’ for 71,672 ETH buy: Bitmine’s Lee

Bitmine Immersion Technologies chairman Tom Lee said the crypto treasury company took advantage of a recent Ether price drop under $2,200 to scoop up another 71,672 Ether for its stockpile.

“Over the past week, we acquired 71,672 ETH. We view the recent pullback of ETH to below $2,200 as an attractive opportunity. Bitmine is expected to reach the alchemy of 5% sometime in 2026,” Lee said on Monday.

Bitmine is the largest Ether treasury company and has consistently bought the token, even during market downturns, in a business model similar to Michael Saylor’s Bitcoin treasury firm, Strategy.

XRP price may explode to $15 amid ‘quiet accumulation,’ analyst claims

XRP (XRP) may go on a 10x–15x rally from its “quiet accumulation” zone, according to analyst Crypto Patel, who said that the muted price action resembles the calm before its major breakout in late 2024.

In his Sunday post, Patel highlighted the $1.00–$0.70 range as a potential long-term accumulation zone, arguing that XRP’s muted sentiment and lack of retail hype could precede a larger upside move.

His chart showed XRP pulling back after failing to break the $3.20–$3.50 resistance area, with price now drifting toward a green demand zone that he views as a potential “massive opportunity.”

The analyst projected upside targets at $5, $10, and $15, implying roughly 10x–15x potential from the lower end of the accumulation range if XRP repeats its 2022–2024 cycle-style expansion.

That comparison is central to Patel’s bullish case.

Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to potential launch

Asset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF. 

Grayscale filed its second amendment, while VanEck submitted its fifth on Friday. S-1s are one of the main filings that ETF issuers must submit to the SEC for approval, detailing everything from the ETF’s structure and strategy to management fees and risks.

“Another amended S-1 from [Grayscale] on the BNB ETF… have to guess they are going off feedback from SEC and trying to launch in near future? Could be the next crypto asset to get a spot ETF in the US,” said Bloomberg ETF analyst James Seyffart.

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Ciaran Lyons

Ciaran Lyons is a Cointelegraph staff writer covering cryptocurrency markets and conducting interviews within the digital asset industry. He has a background in mainstream media and has previously worked in Australian broadcast journalism, including roles in national radio and television. Prior to joining Cointelegraph, Lyons was involved in media projects across news, documentary, and entertainment formats. He holds Solana, Ski Mask Dog, and AI Rig Complex above Cointelegraph’s disclosure threshold of $1,000.