6h Crypto Recap Bitcoin, Ethereum, FTX, HongKong, Web3Wallet — Big moves

#HongKong regulators outlined a framework to govern crypto margin trading and perpetual derivatives. The move signals tighter oversight for leveraged products. 🧾

#SamBankmanFried asked for a new trial tied to claims about #FTX’s financial position in 2022. The filing keeps the collapse and its accounting disputes in the spotlight. ⚖️

#NorthKorea-linked hackers were linked to deepfake-driven tactics aimed at compromising crypto firms. The reports highlight social engineering as a rising operational risk. 🕵️

#SafeMoon’s former CEO received an 8-year sentence tied to fraud charges. The case reinforces ongoing enforcement pressure around meme-era projects. ⚖️

#Web3Wallet products were framed as entering a more mature phase with more integrated user experiences. Keyless or simplified access models were highlighted as a major design direction. 🔐

#LayerZero was linked to plans for a “Zero” Layer-1 narrative that drew attention due to prominent backers and infrastructure partners. The announcement intensified debate around new base-layer launches.

Most discussed tokens: #Bitcoin and #Ethereum.

Future Predictions & Token Movements

#Bitcoin commentary focused on a recovery after a dip toward the $60,000 area. Some technical takes also framed a potential bearish continuation after a key level test. 📉

#Ethereum was described as drifting lower in near-term trading. Analysts tied the softness to broader market hesitation rather than a single catalyst. 📉

#PEPE was highlighted as seeing whale accumulation during a recovery attempt. The narrative centered on whether large holders can sustain momentum. 🐋

#Bitcoin on-chain watchers flagged an old holder moving coins after a long dormancy. The event was treated as a potential supply-overhang signal if more dormant coins follow. ⚠️

Most important tokens by movement and forecasts: #Bitcoin, #Ethereum, and #PEPE.

Hyped tokens:

  • #Bitcoin — repeated focus on recovery, technical calls, and dormant-holder activity. 📉
  • #Ethereum — trend talk plus roadmap discussions kept it central. 🧠
  • #PEPE — whale accumulation narrative drove attention. 🐋
  • #XRP — mentioned in institutional positioning chatter despite limited exposure claims. ⚠️

Best Tokens to Watch

  • #Bitcoin — heavy coverage and clear technical levels are driving near-term setups. 🔎
  • #PEPE — whale activity is a direct catalyst traders are tracking. 🐋
  • #Ethereum — roadmap and ecosystem narratives can quickly shift positioning. 🧠

Tokens to Avoid

  • #SafeMoon — legal fallout and fraud-linked headlines add extreme uncertainty. ⚠️
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Eric Martinez

Eric Martinez

DeFi & Web3 Correspondent

Eric is at the forefront of decentralized finance and Web3 innovation. Through interviews with founders and hands-on experimentation with emerging platforms, Eric explores how blockchain technology is reshaping finance, governance, and digital ownership. His investigative reporting has uncovered both promising projects and potential pitfalls in the rapidly evolving DeFi space.