The Curve DAO Token (CRV) was among the top intraday performers in the cryptocurrency market, rising more than 10% over the past 24 hours.

The token climbed above $0.24 during early Asian trading hours, supported by a brief market rebound following a bounce in Bitcoin, which helped lift sentiment across altcoins.

Some market participants are now looking at potential further gains toward the $0.40 level.

However, with Bitcoin continuing to struggle below $70,000, downside risks remain. This has kept broader market sentiment cautious, limiting the upside potential for tokens such as CRV.

Why Curve DAO Token faces selling pressure

Curve DAO Token (CRV) has rebounded from recent lows near $0.21, but, like most altcoins, remains well below the highs recorded in 2025.

The broader downtrend remains intact, keeping the token under sustained downward pressure.

While some buyers may look to extend gains, weakening on-chain activity and negative market sentiment suggest that downside risks remain elevated in the short term.

Despite the price increase over the past 24 hours, social media sentiment around CRV has stayed largely cautious, raising the possibility of further price erosion.

Perpetual futures data also points to continued trader scepticism, with funding rates remaining in negative territory.

In recent sessions, short positions have been paying longs, highlighting persistent selling pressure and increasing the risk of a retest of recent lows.

At the same time, macroeconomic and geopolitical uncertainties continue to weigh on investor confidence across risk assets.

Bitcoin trading below $70,000 has added to the cautious tone, overshadowing positive fundamentals such as network growth.

Without a meaningful improvement in macro conditions, sentiment is likely to limit CRV’s recovery.

There is also a risk that short-term gains may prompt some investors to take profits, potentially leading to a brief and fragile rebound.

CRV price technical setup

Overall, CRV’s price outlook offers mixed technical indicators.

Despite climbing 10% intraday to hover near $0.24, the token remains pinned beneath its 50-day and 100-day exponential moving averages (EMAs).

The moving averages are sloping from above $0.30 and provide a formidable overhead barrier, with a horizontal hurdle at the $0.40-$0.45 zone.

However, the daily chart shows the Relative Strength Index (RSI) has ticked up from oversold territory to around 40.

This suggests bulls need momentum for a sustained reversal.

Curve Token’s daily chart also has the MACD indicator holding onto its bullish signals.

But the histogram is showing contracting bars, hinting at near-term consolidation rather than an outright breakout.

Buyers must get a decisive close above $0.24 to allow for a probe of the initial resistance at $0.26, followed by the 50-day EMA currently at $0.29.

Yet, broader market headwinds and bearish derivatives data temper such optimism.

If prices follow current downside trends, immediate support aligns at $0.22, coinciding with the demand reload zone from November 2025.

A drop below this could accelerate toward $0.20, where stronger volume clusters might intervene.

The post Curve DAO Token price bounces 10%, but here’s why bearish outlook persists appeared first on CoinJournal.

Curve DAO Token price bounces 10%, but here’s why bearish outlook persists

Source: https://coinjournal.net/news/curve-dao-token-price-bounces-10-but-heres-why-bearish-outlook-persists/

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Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market

Source: https://coinjournal.net/news/bitcoin-tests-116k-resistance-ahead-of-fed-decision-new-token-launches-stir-market/

Late on May 12, Curve Finance warned in an X post that its “curve.fi” domain might be hijacked, and users were urged to avoid the site altogether.

Seems like https://t.co/vOeMYOTq0l DNS might be hijacked. Don’t interact!

— Curve Finance (@CurveFinance) May 12, 2025

According to an update issued by Curve Finance on X, the attackers rerouted the official Curve website’s DNS entries to a front-end clone designed to drain wallets through a deceptively simple drainer link embedded in the page.

While the platform’s smart contracts remain unaffected and secure, the compromised domain now points to an IP address controlled by malicious actors.

Wallet providers such as Phantom swiftly responded by blocking the “curve.fi” address and displaying prominent warnings to users attempting to connect.

Following the attack, Curve Finance has opened a full investigation, engaging security partners and its domain registrar to recover control and restore the genuine site.

Curve DAO (CRV) token price dips

In the wake of the DNS attack, CRV’s price has slipped to around $0.7231 on the CoinMarketCap live chart, marking a 7.7% decline over the past 24 hours as panic spread among investors.

As the price drops, trading volume has surged to over $188 million as holders raced to exit positions amidst the unfolding security crisis.

In addition, the token’s market capitalisation has fallen to roughly $973.1 million, underscoring the tangible impact of off-chain vulnerabilities on on-chain assets.

Although Bitcoin’s own retreat from $105,000 to $102,000 contributed to some downward pressure, analysts agree that the DNS incident served as the primary catalyst for the Curve DAO (CRV) sell-off.

Technical indicators show CRV revisiting price ranges last seen prior to the recent China-US trade deal, reflecting heightened volatility and investor concern.

It’s the second time Curve Finance is facing a DNS attack

The May 13 attack marks Curve Finance’s second front-end DNS breach, following a similar incident in July 2023 when around $61 million was siphoned before containment.

On that occasion, Binance froze more than $450,000 after the culprit attempted to launder funds through its exchange, while Fixed Float recovered about 112 ETH.

Curve subsequently changed DNS providers and advised users to revoke all approvals tied to the compromised domain, but front-end risk remained unaddressed.

The protocol’s social media channels have also been targeted, with its X account briefly hijacked on May 5 to post phishing links before being reclaimed on May 6.

Yesterday, the official @CurveFinance X account was compromised. As you already know, access has been fully restored.

To clarify: the incident was limited strictly to the X account. No other Curve accounts were affected. No security issues were found on our side, no user funds… https://t.co/8bci75uZGr

— Curve Finance (@CurveFinance) May 6, 2025

While Curve Finance has reiterated that no user funds were impacted, the cumulative sequence of breaches has eroded user trust in the platform’s external infrastructure.

Users have voiced frustration at Curve’s inability to secure its public-facing layers despite robust on-chain protocols, with one commenter noting that “secure contracts don’t matter much when the domain itself is the weak link.”

Security experts emphasise that front-end vulnerabilities pose existential risks for DeFi, as wallet connections and transaction approvals are mediated through user interfaces.

Industry peers are monitoring Curve’s remediation efforts closely, understanding that a successful ENS migration could set a new standard for protocol security.

Meanwhile, investors are watching CRV’s performance for signs of recovery or further downside, with broader market conditions also playing a critical role.

Curve Finance to move from DNS to ENS

In response to the latest attack, Curve Finance confirmed plans to ditch traditional DNS in favour of the Ethereum Name Service (ENS) for its human-readable addresses.

Unlike DNS, ENS utilises smart contracts on Ethereum’s blockchain to manage naming, eliminating reliance on centralised registrars and hosting providers.

By transitioning to ENS, Curve aims to bolster front-end security and minimise the attack surface that allowed malicious actors to hijack its domain.

The switch to “curve.finance” under ENS governance represents a structural shift toward decentralisation beyond simply smart contracts.

As Curve Finance diligently works to restore its official website and complete its ENS transition, CRV’s price trajectory remains uncertain in the near term.

For now, CRV investors must navigate heightened volatility and evolving security measures as Curve Finance battles back from another front-end exploit.

The post Curve DAO (CRV) price drops as Curve Finance battles DNS attack appeared first on CoinJournal.

Curve DAO (CRV) price drops as Curve Finance battles DNS attack

Source: https://coinjournal.net/news/curve-dao-crv-price-drops-as-curve-finance-battles-dns-attack/

1: Understanding Litecoin (LTC)
1.1 The Origins of Litecoin
Litecoin was created by Charlie Lee, a former Google engineer, in October 2011. It was designed to complement Bitcoin by addressing some of its limitations, such as transaction speed and scalability. Lee aimed to create a “lite” version of Bitcoin that offered faster confirmation times and encouraged broader adoption.

1.2 Technical Features of Litecoin
Litecoin shares many similarities with Bitcoin but differs in a few key aspects. It utilizes the Scrypt proof-of-work algorithm, which requires less computational power compared to Bitcoin’s SHA-256 algorithm. This makes Litecoin more accessible to individual miners and helps maintain a decentralized network.

1.3 Transaction Speed and Scalability
One of Litecoin’s notable advantages is its faster block generation time, enabling quicker transaction confirmations. While Bitcoin takes around 10 minutes to generate a block, Litecoin achieves this in approximately 2.5 minutes. This makes Litecoin better suited for daily transactions and enhances its potential for mass adoption.

2: Technological Advancements in Litecoin
2.1 Segregated Witness (SegWit)
In May 2017, Litecoin implemented Segregated Witness (SegWit), a protocol upgrade that aimed to increase the block size limit and improve transaction malleability. SegWit allowed for more transactions to be included in each block, enhancing the overall scalability of the Litecoin network.

2.2 Lightning Network Integration
Litecoin has also integrated the Lightning Network, a layer-two scaling solution. This technology enables faster and cheaper off-chain transactions by establishing payment channels between users. With Lightning Network integration, Litecoin can potentially process a significantly higher number of transactions per second, improving its scalability.

3: Litecoin’s Market Performance
3.1 Market Capitalization and Price Analysis
Litecoin has consistently maintained a top position in terms of market capitalization. As of today’s date, its market capitalization stands at [[1](http://www.example.com/)]. The price of Litecoin has experienced volatility over the years, reaching an all-time high of [[2](http://www.example.com/)] in [YEAR] and undergoing fluctuations influenced by market dynamics and investor sentiment.

3.2 Litecoin’s Role in the Cryptocurrency Ecosystem
Litecoin has established itself as one of the leading cryptocurrencies, gaining recognition and adoption from various sectors. Its prominence as a digital asset has enabled it to be supported on numerous cryptocurrency exchanges, making it easily accessible for trading and investment purposes.

4: Investment Considerations
4.1 Litecoin’s Potential for Growth
Litecoin’s historical performance, technical advancements, and its positioning in the cryptocurrency market make it an asset worth considering for investment purposes. However, it’s crucial to conduct thorough research, analyze market trends, and evaluate personal risk tolerance before making any investment decisions.

4.2 Diversification Benefits
Including Litecoin in an investment portfolio can provide diversification benefits, as it offers unique characteristics compared to other cryptocurrencies. Its correlation with Bitcoin and other major digital assets should be considered when assessing its potential role in a diversified investment strategy.

4.3 Risks and Challenges
Like any investment, Litecoin carries its own set of risks and challenges. Volatility in the cryptocurrency market, regulatory uncertainties, and potential technological advancements in competing cryptocurrencies are factors that investors should be aware of before allocating capital to Litecoin.

Litecoin (LTC) has proven to be a resilient and influential cryptocurrency since its creation. With its faster transaction confirmations, technological advancements, and established market presence, Litecoin has attracted a significant user base and gained recognition from both individual users and institutional investors. While considering Litecoin as an investment, it is essential to conduct thorough research, analyze market trends, and consult with financial professionals to make informed decisions based on individual circumstances and risk tolerance.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should do their own research before making any investment decisions.