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Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday swings, reflecting growing tension between bullish momentum and cautious sentiment. Analysts are now calling for a decisive move, with some expecting a breakout toward higher levels, while others warn of a possible correction if key demand zones fail to hold. On one hand, ETH has shown strength by holding above its short-term support range, suggesting that buyers are stepping in with confidence. Bullish momentum appears to be building, especially as macro sentiment around risk assets begins to recover. On the other hand, opposing views point to weakening volume and lingering macroeconomic risks, which could trigger a deeper retracement if Ethereum fails to sustain current levels. Adding weight to the bullish case is fresh data from CryptoQuant, which highlights a strong accumulation pattern among long-term ETH holders. According to the data, significant buying pressure emerged during the recent consolidation phase, with hodlers steadily increasing their positions. This divergence between price action and accumulation behavior suggests that foundational support for Ethereum remains intact, even as traders await the next major move. Ethereum Accumulation Builds And Market Awaits Breakout Ethereum is struggling to reclaim the $2,500 level, but its ability to hold steady amid ongoing market uncertainty is a sign of underlying strength. For weeks, ETH has traded within a well-defined range between $2,200 and $2,800, with neither bulls nor bears able to take decisive control. This prolonged consolidation has delayed the long-anticipated altseason, which many believe will only begin once Ethereum breaks above key resistance and pushes into higher territory. Despite the lack of clear direction, the macro setup is becoming increasingly interesting. Global markets remain volatile, with shifting interest rate expectations, geopolitical risk, and unpredictable liquidity conditions creating mixed signals across risk assets. Yet Ethereum continues to hold firm, supported not just by technical structure but also by significant long-term holder activity. According to insights from CryptoQuant, a strong accumulation pattern has been detected among Ethereum holders. During the June consolidation phase, long-term investors steadily increased their positions, even as price action remained choppy. This divergence between price and accumulation volume signals growing confidence under the surface. When price consolidates while demand builds, the result is often explosive. With ETH holding key support levels and long-term accumulation rising, the stage may be set for a major move. If Ethereum can push through $2,500 and reclaim higher ground, it could serve as the ignition point for a broader altcoin rally. Until then, the market remains in a state of quiet buildup. Something big is coming—and Ethereum is at the center of it. ETH Struggles With Resistance Amid Mixed Signals Ethereum is currently trading at $2,470 after failing to hold intraday gains above the $2,500 level. The 12-hour chart shows ETH consolidating within a broader range, with $2,200 acting as strong support and $2,800 as key resistance. Despite several bullish attempts, Ethereum has struggled to reclaim higher ground, and the rejection near the 100-period SMA (green line at $2,537) signals persistent selling pressure near resistance. The price is currently trading above the 200 SMA ($2,170) and just under the 50 SMA ($2,507), which now acts as a short-term resistance. This tight positioning of moving averages suggests ETH is at a decision point—either it breaks through $2,500 to target $2,600 and higher, or it risks rolling over if bulls fail to hold momentum. Volume remains relatively flat, indicating indecision. The overall structure still favors a neutral-to-bullish bias, especially if price continues to close above the 200 SMA. However, a breakdown below $2,400 would increase the risk of a retest of the $2,200 support zone. Featured image from Dall-E, chart from TradingView

A seasoned crypto analyst has warned that the recent Bitcoin (BTC) price action may be setting the stage for major liquidity traps, echoing patterns seen in past cycles. As the leading cryptocurrency aims for new all-time highs, the pundit suggests that market makers could be deliberately engineering conditions for bear traps before triggering a powerful breakout. Bitcoin Path To ATH Riddled With Liquidity Traps Crypto market expert Luca has shared intriguing insights into Bitcoin’s latest price behavior, arguing that the market may be entering a classic liquidity trap phase allegedly orchestrated by market makers. The analyst stated in an X (formerly Twitter) post that Bitcoin’s price action since topping out in late May 2025 has followed a suspicious pattern. He noted that despite experiencing several price rallies, not a single local high has been swept in the past few weeks. Luca suggests that this rare price structure could be a deliberate setup, giving the illusion of stability and offering false conviction in bearish positions. The analyst warns that market makers have possibly influenced this market behavior by baiting shorts into entering or holding positions with the assumption that Bitcoin could continue to be capped below resistance. Ideally, this underpins the theory that bear traps are potentially being set as BTC gears up for its next bullish rally. Notably, multiple key resistance levels are now stacked tightly between $109,000 and $112,000, as highlighted on the analyst’s 4-hour Bitcoin chart. While BTC has been consolidating just below these levels, forming what appears to be a potential base, Luca argues that this price behavior is not a coincidence. Rather than market weakness, he believes the subdued price action reflects a calculated effort by market makers to encourage bearish complacency. The pundit interprets the deliberate avoidance of liquidity above these resistance lines as a signal that deeper bear traps are possibly being laid. Luca has revealed that this setup could be laying the groundwork for a sudden short squeeze, potentially igniting a sharp move toward a new all-time high for Bitcoin. Analyst Says BTC 2024 Breakout Back In Play Adding historical context to his analysis, Luca compares the current market structure to a prolonged consolidation phase observed throughout 2024. On the second 8-hour chart, a clear trendline of resistance can be seen capping Bitcoin’s upside for most of the previous year. The chart shows that price action consistently failed to break above the descending barrier, with multiple attempts being rejected between March and October. Each rejection was marked by unswept highs—similar to the current market setup and suggesting that shorts were systematically being protected. This compression finally resolved in November 2024, when Bitcoin erupted through the resistance and launched a parabolic move to new highs. That breakout was fueled by the exact mechanism Luca now believes is in motion. With historical patterns now resurfacing, the analyst maintains that Bitcoin’s ongoing suppression and untouched highs are part of a blueprint that indicates a possible bullish move toward uncharted price territory.

🔔 Foco no Fed: Jerome Powell discursará nesta terça-feira (1º de julho) às 10h30 (Brasília GMT -3) e pode direcionar mercados Por Igor Pereira, Analista de Mercado Financeiro – ExpertFX School O presidente do Federal Reserve, Jerome Powell, participará de um painel de discussão de política monetária nesta terça-feira, 1º de julho, às 9h30 (horário de Nova York / 10h30 no Brasil). O evento ocorre em um momento de expectativa crescente por cortes de juros ainda em 2025, com o mercado já precificando quase 20% de chance de corte em julho e corte como praticamente certo para setembro, segundo dados da CME FedWatch Tool. 🧭 O que esperar do discurso de Powell Embora o evento não seja uma audiência formal no Congresso ou uma coletiva do FOMC, qualquer nuance no tom ou termos utilizados por Powell pode afetar diretamente ativos de risco, especialmente diante da proximidade do Payroll de junho (quinta-feira) e da recente queda dos rendimentos dos Treasuries. Ponto-chave: Powell poderá comentar sobre: Perspectiva de cortes diante de sinais de desaceleração no mercado de trabalho; Impacto das tarifas comerciais de Trump na inflação e cadeia global; Reação do Fed frente à fragilidade nos dados de consumo; Possibilidade de antecipação do ciclo de cortes para julho. 📊 Impacto nos mercados financeiros ▶️ Dólar (DXY) Se Powell soar mais dovish, o dólar poderá ceder frente a moedas G10 e emergentes, reforçando fluxo para ativos de risco. ▶️ Ouro (XAU/USD) Um tom brando por parte do Fed tende a ser altista para o ouro, sobretudo após o recente teste da média de 50 dias e o suporte em US$ 3.240. Traders institucionais estão montando posições defensivas via opções, conforme análise recente do Goldman Sachs. ▶️ Ações e índices (S&P500, Nasdaq) Expectativas de cortes acelerados tendem a favorecer ações de tecnologia, consumo e setores alavancados, mas qualquer ambiguidade pode gerar volatilidade intradiária. ▶️ Treasuries (10Y e 2Y) O mercado já antecipou parte da flexibilização monetária. Powell mais dovish pode levar os yields a caírem ainda mais, com foco na faixa dos 4,10% a 4,20% para o 10Y. 🧠 Opinião do analista Igor Pereira Com o Fed caminhando em direção a um ciclo de afrouxamento, o mercado buscará qualquer pista concreta sobre o “timing” do primeiro corte. Powell tem sido cauteloso, mas os dados do mercado de trabalho e a política fiscal de Trump estão criando pressão crescente para antecipar estímulos. A fala desta terça pode ser o último evento relevante antes do Payroll de junho (quinta-feira), portanto, traders devem ajustar suas posições e exposição à volatilidade a partir das 9h de terça (horário NY). Sugiro especial atenção a operações em XAU/USD, EUR/USD, S&P500 e pares ligados ao iene (USD/JPY), que tradicionalmente reagem com força às falas do presidente do Fed.

Log in to today’s North American session Recap for June 30, 2025 Month-end flows notably influenced the session, leading to another instance of US Dollar underperformance. Equity markets, while ending the month on a positive note, experienced significant volatility into the close, as major participants leveraged the typically higher liquidity around monthly settlement prices for portfolio rebalancing. Global indices are now closing above their early 2025 highs, completing what has been a volatile yet ultimately successful month of June. Commodities observed a mixed performance today. Oil and other energy products saw declines, while Gold staged a notable rally throughout the session, closing just above the key $3,300 mark. The broader macroeconomic landscape remained relatively calm. However, renewed tensions have emerged in Iran, and we will provide further analysis should the situation escalate. Read More: Seasonal Flows for the month of July close For all Market moving events, check the MarketPulse Economic Calendar For all Market moving events, check the MarketPulse Economic Calendar The overnight/tomorrow session will see more economic data releases, mostly with the US PMIs giving more clarity on the current economic picture for the US. The ISM Manufacturing PMI is releasing tomorrow at 10:00 A.M. ET, expected at 48.8. The less market moving Chicago PMI came at a fairly big downward surprise with 40.3 vs 43 expected, markets may be preparing for some surprise in tomorrow's release. Elsewhere, markets are awaiting for the Caixin PMI release from China tonight 21:45 (exp 49), which could be market moving particularly for APAC Currencies and Equity markets around the globe that have been performing quite dominantly in the past month. For Euro traders, get ready for the Eurozone Inflation data release at 5:00 in the overnight session – We will have more clarity if the ECB has more work to do on their Monetary Policy or if the pause gets confirmed further. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin rompe os US$ 100 mil e aciona nova fase de euforia: número de carteiras milionárias dispara Por Igor Pereira, Analista de Mercado Financeiro – ExpertFX School O preço do Bitcoin (BTC) ultrapassou nesta segunda-feira a marca dos US$ 107.623,70, consolidando um dos rompimentos mais fortes dos últimos dois anos. O movimento confirma uma nova fase do ciclo de alta, sustentado por fundamentos técnicos sólidos e dados on-chain que revelam um crescimento explosivo no número de carteiras com saldo acima de US$ 1 milhão, conforme apontam Glassnode e Coinbase Institutional. 💼 Expansão institucional em andamento Segundo os dados das últimas semanas: O número de carteiras com mais de US$ 1 milhão cresceu mais de 36% no acumulado do último mês; Endereços com mais de 100 BTC também aumentaram, apontando para acúmulo por fundos, escritórios de investimento e tesourarias corporativas; A queda na oferta de BTC em corretoras atingiu mínima histórica, reforçando a tese de retenção e iliquidez de oferta. 🧠 Leitura institucional: o que está por trás da alta O movimento atual combina três fatores decisivos: 1. Rompimento técnico de múltiplas resistências Superação dos US$ 100.000 validou uma estrutura de alta de longo prazo; Volume ascendente e candle semanal de força confirmam quebra de topo histórico com forte convicção; Alvo técnico imediato projetado entre US$ 117.000 e US$ 132.000. 2. Demanda global ancorada na desconfiança sobre moedas fiduciárias Países emergentes com inflação elevada continuam pressionando demanda local por BTC como hedge (dados recentes mostram alta de 134,5% do BTC em bolívares venezuelanos – VES, e 44,6% em pesos argentinos – ARS); O BTC se torna uma alternativa real à poupança em moedas frágeis, sobretudo diante de crises fiscais e monetárias. 3. Fluxo institucional acelerado após estabilização regulatória O projeto de lei S899 foi arquivado nos EUA, o que aliviou as pressões sobre o mercado; ETFs de Bitcoin spot estão absorvendo liquidez recorde; Grandes gestoras, incluindo BlackRock, Fidelity, e VanEck, estão ampliando exposição no balanço patrimonial. 📉 Oportunidade para o trader: onde estão os próximos níveis Com base nos modelos de análise técnica e comportamento histórico pós-topo, os níveis-chave agora são: Nível técnico Interpretação US$ 100.000 Suporte psicológico validado US$ 107.000 Preço atual, início de expansão vertical US$ 117.000 – 118.500 Primeiro alvo de extensão US$ 132.000 – 135.000 Alvo de euforia total caso o fluxo continue 📊 Impacto no mercado geral Mercado de altcoins começa a reagir, mas ainda em fase atrasada; Ouro (XAU/USD) perdeu tração temporária com migração de liquidez para o BTC; Treasuries e dólar (DXY) seguem estáveis, indicando que a alta é endógena ao criptoativo, sem correlação momentânea com aversão ao risco. 🧠 Opinião do analista Igor Pereira A quebra da barreira dos US$ 100.000 marca a transição do Bitcoin para uma nova era: ele deixa de ser apenas um "hedge alternativo" e assume um papel central como ativo de reserva global digital. A leitura institucional é clara: acumulação continua em ritmo acelerado, e a demanda de longo prazo por escassez digital está apenas começando. O número de carteiras com mais de US$ 1 milhão não apenas reflete essa confiança — ele antecipa nova fase de distribuição de riqueza no ecossistema cripto, onde o capital institucional dita o ritmo.

Bitcoin continues to maintain its upward trajectory following a minor correction, now trading at $107,251, reflecting a 2.3% increase over the past week. Although still trailing its May all-time high of $111,000 by around 4%, the asset’s price action signals a notable return of momentum. The crypto market, led by Bitcoin, has seen renewed trading activity in recent weeks as investor sentiment oscillates between bullish optimism and profit-taking behavior. According to new on-chain data analyzed by CryptoQuant contributor Amr Taha, Bitcoin may be approaching a critical phase that demands greater attention from market participants. Open Interest Spikes Signal Potential Profit-Taking Zones In his analysis titled “Binance Open Interest Spikes and Long-Term Holder De-risking: Bitcoin is Approaching a Turning Point”, Taha highlights two developing trends: repeated spikes in open interest on Binance and a significant drawdown in long-term holders’ exposure. Both indicators, he suggests, reflect changing market dynamics that could influence Bitcoin’s short-term trajectory. One of the key observations from Taha’s analysis is the behavior of Binance’s 24-hour open interest (OI), which has exceeded 6% for the third time in two months. Historical patterns indicate that previous occurrences on May 26 and June 10 were followed by short-term price corrections or periods of consolidation. These spikes often indicate an increase in leveraged trading positions, which tend to precede short-term profit-taking as traders seek to lock in gains. This trend may suggest that Bitcoin is entering another phase of heightened volatility where rapid shifts in market sentiment could influence price direction. The presence of leveraged positions, particularly at elevated price levels, increases the likelihood of sudden liquidations or pullbacks. While this does not confirm an imminent reversal, it marks a zone where caution may be warranted, especially for short-term traders. Such spikes in open interest often act as precursors to more conservative positioning or brief market cooling periods. Bitcoin Long-Term Holders Reduce Risk Exposure In addition to rising speculative activity, a separate trend tracked by Taha focuses on the behavior of long-term holders (LTHs). Data shows that the LTH Net Position Realized Cap, a measure of the realized value of Bitcoin held by these investors, has declined sharply, falling from over $57 billion to just $3.5 billion. This reduction points to active profit-taking among more strategic investors, possibly in response to macroeconomic developments or uncertainty surrounding the current market cycle. While this shift in behavior does not automatically imply a bearish outlook, it suggests that experienced investors are trimming exposure after a notable price rally. Historically, long-term holders have exhibited a higher degree of market foresight, making this activity worth noting. Combined with elevated open interest and a potential cooling-off period, these developments highlight the possibility of increased short-term volatility without fundamentally altering the long-term bullish structure of Bitcoin’s market. Featured image created with DALL-E, Chart from TradingView

Mt Carbine tungsten project in Queensland, Australia. Image: EQ Resources. EQ Resources Limited (ASX: EQR) announced Friday that it has received a Letter of Interest to support the Mt Carbine tungsten expansion project from the Export-Import Bank of the United States (EXIM). The historic Mt Carbine tungsten mine is located in Far North Queensland — it was discovered at the end of the 19th century and was a major tungsten producer in the 1970s and 80s. The deposit is still relatively unexplored, and according to EQ Resources’ website, there is considerable exploration potential for new tungsten mineralisation in the mining leases and surrounding exploration tenements. Under EXIM’s new Supply Chain Resiliency Initiative (SCRI), the Letter of Interest states that EXIM is considering a 10-year debt facility of up to $34 million for the capital expansion and further development of the mine. EQ Resources, formerly Speciality Metals International, announced plans to double production capacity at its Mt Carbine operation as soon as funding has been secured. The company also holds 100% ownership of Saloro’s Barruecopardo tungsten mine in Spain. Long-lead items and key equipment for the planned processing plant expansion have been delivered to site, the company said, adding that the capacity expansion provides economies-of-scale and allows the operation to expand the throughput of low-grade ore from the historic low-grade stockpile (>10Mt) as supplement feed to the tungsten ore mined from the open pit and potential future underground. The 2022 Mt Carbine underground scoping study details a development plan for the long-term exploitation of the Mt Carbine tungsten deposit, noting that only 19% of the In-Situ Mt Carbine Mineral Resources are categorised as Ore Reserves and only those were modelled in the current open cut mining schedule. The SCRI seeks to finance overseas mines to develop sources of critical minerals, reducing the United States reliance on China for critical minerals, reducing risk of supply chain disruption from China’s export bans, which sent tungsten prices on the European spot market to the highest level in 12 years last month. Several countries classify tungsten as a critical mineral including the United States, the European Union and Australia. Tungsten is the material of choice for a key defense application – what the military calls penetrators – high-density, armour-piercing projectiles. Its also required in US Department of Defence (DoD) contracts. “We are pleased to work with US EXIM and our US customer base to strengthen resilience in a critical defence- and energy-related supply chain,” EQR executive chairman Oliver Kleinhempel said in a news release. “With two operating mines in Australia and Spain, EQR has positioned itself as a reliable and ambitious partner,” Kleinhempel said. “Recent geopolitical events and aggressive trade policies have contributed to a severe shortage of supply in the tungsten market. EQ Resources is positioned well with its Mt Carbine expansion plans to meet the demand of US customers.”

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices, reinforcing the key resistance just below its all-time high. This rejection has left the market in a state of caution, with investors expecting increased volatility in the coming sessions. As BTC continues to hover below the $109,300 mark, traders are watching closely for signs of either a confirmed breakout or a potential pullback. Adding a new layer to the current setup, top analyst Ted Pillows shared a notable development in Bitcoin dominance. According to Pillows, the Bitcoin Dominance chart is now showing a daily bearish divergence—a classic signal that often precedes a shift in momentum from Bitcoin to altcoins. This divergence occurs when BTC dominance trends higher while momentum indicators begin to weaken, suggesting that Bitcoin’s relative strength may be peaking. For altcoin investors, this could be an early signal of a shift. Historically, bearish divergences in dominance have lead to strong altcoin rallies, as capital begins flowing from BTC into higher-beta assets. While Bitcoin consolidates near resistance, attention may soon shift toward altcoins, setting the stage for a possible altseason. Bitcoin Consolidates As Charts Signal Altcoin Rotation Following the resolution of global tensions between the US, Israel, and Iran, Bitcoin surged above the $105,000 level, signaling renewed confidence across global risk markets. The move marked a key recovery from previous uncertainty, with BTC taking back critical support and shifting focus back toward the $110,000 resistance zone. However, despite the initial breakout, Bitcoin has struggled to push into uncharted territory. Price action remains choppy and directionless, with the market hesitating ahead of what many believe could be a decisive move. Analysts continue to call for a breakout, citing strong accumulation trends, improving macroeconomic conditions, and a bullish long-term structure. Yet the inability to break above the $109,300–$110,000 range raises concerns about weakening momentum. The longer Bitcoin remains capped below resistance, the more likely it is that capital may begin to rotate into other parts of the market. Top analyst Ted Pillows recently shared key insights supporting that thesis. According to Pillows, Bitcoin dominance is showing a daily bearish divergence—a classic sign of impending trend reversal. As BTC dominance climbs but momentum weakens, it suggests that Bitcoin’s recent strength may be fading, and a shift toward altcoins could be underway. Historically, bearish divergences in BTC dominance have often preceded sharp corrections in Bitcoin and explosive rallies across the altcoin market. As Bitcoin consolidates and its dominance loses strength, conditions may be forming for the next big altseason. While nothing is guaranteed, the combination of geopolitical relief, market indecision, and technical signals suggests that a sharp rotation could be close. Traders are now watching both BTC price and dominance levels closely, knowing that once momentum shifts, the move could be swift and powerful. ETH/BTC Chart Shows Signs Of Reversal The ETH/BTC weekly chart reveals a prolonged downtrend that has persisted since late 2022, with Ethereum consistently underperforming against Bitcoin. Since peaking above 0.085 BTC in late 2022, the pair has steadily declined, now trading around 0.0228 BTC—a level not seen since 2020. This confirms that Bitcoin has been the clear market leader for nearly two years, adding most of the capital inflow during bullish phases while altcoins, including Ethereum, lagged behind. However, current price action shows early signs that this trend may be nearing its end. ETH/BTC appears to have found a local bottom, just above the 0.02 BTC zone, after a steep drop. Although the pair remains well below the 50 (weekly), 100, and 200 moving averages, the selling momentum has clearly slowed, and volume has begun to stabilize. This phase suggests that a swing could be forming. If Ethereum can reclaim higher support levels and Bitcoin dominance continues to show bearish divergence—as noted in recent market analyses—the ETH/BTC ratio could start trending higher once again. A rotation from Bitcoin into Ethereum and other altcoins may soon follow, potentially marking the beginning of a new phase in the crypto cycle where altcoins start to outperform. Featured image from Dall-E, chart from TradingView

Talks between the US and Canada appear to have resumed in the latest episode of “TACO” Trump trade drama. During a Friday news conference, Trump announced he was stepping away from negotiations with Canada. In response, the Land of Maple Syrup dropped its plans to implement a Digital Services Tax—one that would have directly impacted many American service-exporting firms. The proposed tax now appears to have been more of a negotiation tactic from Canada aimed at its increasingly unpredictable neighbor. Markets initially reacted sharply to Trump’s announcement on Truth Social, sparking a 900-pip rally. However, the move quickly faded as participants recognized a familiar pattern—these announcements often act as leverage for the US to push for more favorable trade terms. Read More: Seasonal flows for the month of July close USDCAD 1H Chart, June 30, 2025 – Source: TradingView USDCAD 1H Chart, June 30, 2025 – Source: TradingView The latest move in the currency pair has formed an Hourly Descending Channel (HDC) which may be used as a guide for momentum identification. Any break below current levels will accelerate bearish strength to retest last week lows, with a further falloff finding potential support at 1.35 (Psycholigical Level + Upper bound of May Daily descending channel) Holding above last week lows points at the upper bound of the HDC around 1.3680 in the Pivot Zone seen in the 4H Chart. Watch for lower volumes in this week (except for Thursday with the NFP release) and for more headlines regarding US-Canada trade talks. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

American Battery Technology Company (NASDAQ: ABAT) soared on Monday after its Tonopah Flats lithium project (TFLP) in Nevada was given “transparency priority” status by the US Federal Permitting Council. With the designation, the Tonopah Flats lithium project is now featured on the FAST-41 permitting dashboard, which ABAT says underscores the project’s role in supporting US-based critical mineral production and energy independence. “We are excited by this selection of our Tonopah Flats lithium project as a FAST-41 critical mineral transparency project,” stated ABAT chief executive officer Ryan Melsert in a press release. The Permitting Council, established in 2015 by Title 41 of the Fixing America’s Surface Transportation Act (FAST-41), oversees and streamlines federal environmental reviews for critical infrastructure projects. While FAST-41 covered projects receive coordinated project plans and expert support, transparency projects only gain public visibility on the dashboard without additional FAST-41 benefits. “As we are currently working through permitting efforts with multiple federal agencies for the construction of this domestic critical mineral project, the support to coordinate and fast-track these efforts is greatly appreciated,” Melsert added. Shares of American Battery Technology surged 13.4% to $1.66 on the NASDAQ by midday, giving the Reno-based company a market capitalization of $152 million. “This is an exciting time as we work with our colleagues across the federal government to unleash America’s vast energy and mineral resources,” Emily Domenech, Permitting Council executive director, stated. “The Permitting Council stands ready to bring the transparency of our program to these projects, speeding the production of the critical minerals needed for our national and economic security.” Tonopah Flats represents one of three new projects that the Trump administration has added to the FAST-41 permitting dashboard. Large claystone deposit ABAT says this distinction marks a significant milestone in the development of what it considers to be one of the largest identified claystone resource deposits in the country. The project is situated within Nevada’s Big Smoky Valley, an area known for its unique lithium-rich sedimentary claystone. According to an initial SEC S-K 1300 assessment in 2024, the project has in excess of 6 billion tonnes in resources grading 574 ppm lithium. Total amount of claystone processed over life of mine is estimated at 597 million tonnes, averaging 4,111 ppm LHM (lithium hydroxide monohydrate). Based on a 10% discount rate, has a net present value of $4.67 billion. To tap into the Tonopah Flats claystone resource, ABAT has developed an in-house extraction and purification technology that it believes represents a lower-cost, lower-impact solution in contrast to conventional lithium extraction methods. In January 2021, ABAT received a grant from the US Department of Energy to fund the demonstration and scaling of its extraction technologies into a multi-tonne-per-day field demonstration system. It later received an additional grant of $57 million to build, commission and operate a $115 million commercial-scale facility to produce lithium hydroxide monohydrate. Funding access Now with the designation as a transparency priority project, the company said this would be especially beneficial as it is currently engaged with multiple federal agencies for project permitting, noting that Tonopah Flats is situated on land managed by the US Department of Interior. In late April, ABAT received a letter from the Export-Import Bank of the United States (EXIM) expressing interest in providing a $900 million loan to support the subsequent expansion of its commercial-scale lithium mine and refinery. In late 2024, the battery metals developer also received $144 million from the Department of Energy to build a new commercial-scale lithium-ion battery recycling facility.

USD/CHF is down ~0.63% in today’s session, currently trading around the ~0.79378 level. Crucially remaining under the key level of 0.8000, the Swiss franc remains on pace for its best three-monthly performance versus the dollar since 2008 amid the latest wave of dollar weakness. USD/CHF: Key takeaways from today’s session With the DXY falling to three-year lows today shortly after the New York open, dollar-franc has predictably followed suit, falling to levels last seen in 2011~ Recent commentary from the Swiss National Bank, suggesting that both negative rates and currency interventions remain a possibility, might limit USD/CHF downside in the short term close USD/CHF, OANDA, TradingView, 30/06/2025 USD/CHF, OANDA, TradingView, 30/06/2025 Falling over 2.34% in last week’s trading, USD/CHF remains bearish. With price at 14-year lows, little structure exists below current price action, which could otherwise offer support Both the daily RSI and Stochastics currently rate USD/CHF price action as ‘oversold’, suggesting that a retracement is likely before a further move to the downside is possible If price is able to break down below current levels, bears will likely target ~0.78496 in the medium term Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Crypto analyst Stockmoney Lizards has provided an update on the current Bitcoin price action, predicting that the flagship crypto could reach as high $145,000 later this year. The analyst alluded to a doji pattern, which supports this bullish prediction. Analyst Predicts Bitcoin Price Rally To $145,000 In an X post, Stockmoney Lizards stated that his mid-term target for the Bitcoin price is between $135,000 and $145,000. He expects BTC to reach these targets between September and October later this year. The analyst also touched on the current price action and why he believes the flagship crypto will reach such lofty heights. Stockmoney noted that the Bitcoin price is trading at the upper level of the corrective channel, forming some dojis at this level. He admitted that he doesn’t know how many bounces market participants will see from BTC and what levels the crypto will test. He raised the possibility that the local bottom may be in and also that BTC could retest the $90,000 to $94,000 range. The analyst stated that if he had to bet, he would probably predict that the Bitcoin price taps the high of the $90,000 range again. BTC had dropped to as low as $98,000 last week amid the escalated tensions between Israel and Iran. Bitcoin has since recovered following the ceasefire between both countries. Stockmoney affirmed that the latest Bitcoin price action is a bullish formation as the flagship crypto has had an impulsive move up. He added that the current price action is not the usual money rotation with old traders selling and new traders loading up at range lows. The analyst also indicated that BTC’s rally isn’t driven by the derivatives market either. BTC To At Least Reach $135,000 Crypto analyst Titan of Crypto has echoed Stockmoney’s prediction that the Bitcoin price could at least reach $135,000. In an X post, the analyst declared that BTC’s path to this price target remains intact. He stated that Bitcoin is now challenging the first Fibonacci extension at $107,000 after breaking out and retesting key levels. Once the Bitcoin price clears this Fibonacci extension, Titan of Crypto believes that the next stop is $135,000. He revealed that the market structure supports this move, but it remains to be seen if momentum will follow. His accompanying chart showed that BTC could reach this Fibonacci extension at $135,000 by September, aligning with Stockmoney’s prediction. The chart also suggested that BTC could still rally to as high as $150,000 at some point. At the time of writing, the Bitcoin price is trading at around $108,200, up in the last 24 hours, according to data from CoinMarketCap.

Arizona Metals (TSX: AMC; OTCQX: AZMCF) shares plunged to their lowest level in more than four years after a long-awaited initial resource estimate for the company’s Kay polymetallic project revealed a smaller-than-expected scale. The resource outlines 9.28 million indicated tonnes grading 1.39 grams per tonne gold, 27.6 grams silver, 0.97% copper, 0.33% lead and 2.39% zinc, Arizona Metals said in a statement Monday. Contained metal totals 415,000 oz. gold, 8.25 million oz. silver, 197.9 million lb. copper, 67.3 million lb. lead and 490.1 million lb. of zinc. Kay is located in central Arizona. “Relative to our expectations, grades were slightly better than anticipated, though tonnage disappointed, and more than offset,” BMO Capital Markets mining analyst Rene Cartier said in a note. Investor expectations relative to the project’s size were “likely associated with the higher end, or potentially even more, particularly given the prior historical resource as a base,” he added. Cartier was expecting Kay’s tonnage to range from 14 million to 18 million tonnes. Following the resource’s release, he cut his target price on Arizona Metals to C$2 a share from C$2.75 previously. He rates the stock “outperform.” Located about 70 km north of Phoenix, on a site that has been mined on and off since being discovered in the 19th century, Kay lies amid scores of current and past-producing mines in the leading U.S. copper-producing state. Operators including Black Canyon Copper, Shattuck-Denn Mining and Republic Metals produced about 2,730 tonnes between 1949 and 1956, when a cave-in closed the mine. No one has mined Kay since. Arizona Metals dropped 29% to C$1 in early afternoon trading Monday in Toronto, the stock’s lowest level since December 2020. That gave the company a market capitalization of about C$137 million ($100m). Second-half PEA Toronto-based Arizona Metals is conducting additional metallurgical test work at Kay with a view to releasing a preliminary economic assessment in the second half of the year. The deposit remains open for expansion beyond this initial estimate both along strike and at depth, the company said. Kay’s current timeline “suggests first production in the 2030s,” Cartier said in a note published May 30. In the inferred category, the company’s new estimate calculates 860,000 tonnes grading 1.06 grams per tonne gold, 15.4 grams silver, 0.87% copper, 0.2% lead and 1.68% zinc at a base-case cut-off grade of 1% copper equivalents. This would amount to 29,000 oz. gold of contained metal, 423,000 oz. silver, 16.4 million lb. copper 3.8 million lb. lead and 31.8 million lb. zinc. ‘Expansion potential’ The resource has “clear potential” to expand between existing drill holes within the deposit and to upgrade the inferred resource, Arizona Metals said. The estimate “marks a major milestone for Arizona Metals and validates not only the scale, but more importantly, the quality of the Kay project,” CEO Duncan Middlemiss said in the statement. “With over 650 million pounds of copper equivalent in the indicated category alone — and with the deposit remaining open in multiple directions — we see significant opportunity for expansion through continued drilling. We believe this resource represents just the beginning.” The resource is based on 14,006 metres of drilling from 234 diamond drill holes completed between 2020 and May 2025. Arizona Metals is aiming to complete about 10,000 metres of exploration drilling in the second half of 2025 at several new targets with holes as deep as 900 metres. The planned work is funded through the end of the year.

Markets are already positioning for a new month after a notably volatile June – Discover the Monthly Seasonal trends for July. As a reminder, Seasonals look at the average monthly performance for different trading assets depending on which time of the year they do best or worse. While investors had begun to turn the page on US tariffs—with the past month marked by "TACO Trump" headlines and a revival of trade talks with China—the Israel-Iran conflict brought fresh volatility. Oil prices spiked, risk-off flows intensified, and ironically, these developments helped propel stock indices to new all-time highs once the conflict de-escalated. More recently, Trump reignited tariff discussions—this time targeting Canada and Europe—as negotiations hit friction over more aggressive US demands. The US-Canada trade talks were briefly called off after Canada prepared to implement a Digital Services Tax, which was ultimately rescinded. Talks have since resumed, but trade policy is once again becoming a market-moving theme – Get ready for the End-Session Month-End rebalancing flows! Read More: What levels to watch for the US dollar as markets head into July July Seasonal Flows Equities & US Bonds So much for the adage Sell in May and Go Away: US Indices have performed decently well in July throughout the past 10 years, with the Dow up 3%, S&P 500 averaging 3.44%, Nasdaq with +4.64% on average. Other Indices around the world are also up on average in July, however less than US Indices. The Italian FTSE MIB leads with 2.80%, followed by the French CAC 40 with 2.30%, and the Canadian TSX with +2.12%. A sidenote for US Treasuries which tend to flatten (buy more long-end than short-end), with the 30-Year having its best month in the year (+1.30% on average in the past 10 Years) Major Forex Currencies July tends to see a fairly muted performance in Forex – Volatility tends to abate with less Central Bank meetings during the month and some traders going on vacation (at least those who had a successful first half). The Japanese Yen leads in Seasonality, followed by the Euro, GBP and CHF. The US Dollar, Aussie and Kiwi tend to be laggers in this month and the Loonie is seen mostly unchanged. Commodities and Cryptocurrencies Metals tend to be good performers in July with both Gold and Silver commonly up. The latter usually sees its best performing month, with +4.68% in the past 10 years. Oil on the other hand tends to correct, down -2.30% since 2015 in July, Travelling companies tend to secure their contracts for the active season during spring which leads to some calm in the Summer – There is still potential for out-of-the-usual flows in the upcoming month in the scenario of renewed conflicts in the Middle East. Finally, July tends to be giving strong flows to Cryptocurrencies, with both Bitcoin and ETH performing above 10% on average in the past 10 years – one thing to consider however is that growth for Crypto assets has been exponential, leading to statistical incoherences. It will be challenging to predict the reliability of past performances as these digital assets are starting to be traded by more participants. Safe and Successful Trades for the month ahead! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

NexMetals Mining (TSXV: NEXM), fresh off its name change from Premium Resources, reported drill results as high as 13.5 metres grading 1.13% copper and 1.25% nickel at its Selebi North deposit in eastern Botswana. Shares surged. That result, from 772.6 metres depth, included 4.95 metres at 1.76% copper and 1.85% nickel in hole SNUG-25-184 in the South Limb of mineralization, NexMetals reported Monday. Another highlight, hole SNUG-25-185, cut 5.95 metres grading 2.87% copper and 0.62% nickel in the N2 limb. SNUG-25-184 and SNUG-25-185 are the first two resource expansion holes to be drilled this year at the project, which is located about 410 km north of the nation’s capital, Gaborone. “The results from drill holes 184 and 185 continue to demonstrate the impressive step-out success and the broader scale of mineralization beyond the boundaries of the current resource,” NexMetals CEO Morgan Lekstrom said in a release. “Drilling has further extended the deposit intercepting mineralization roughly 315 metres down-plunge, well past its modeled limits.” The drill results come almost one month after NexMetals changed its name from Premium Resources to reflect its focus on critical minerals at the past-producing Selebi project in Botswana. The company received a boost in February after putting together a C$36 million financing led by mining entrepreneur Frank Giustra and his Fiore Group. Cymbria, an affiliate of wealth management firm EdgePoint Investment Group, also agreed to settle Premium’s C$20.8 million term loan debt. NexMetals shares gained 12.2% to C$11.45 apiece on Monday morning in Toronto, for a market capitalization of C$245.59 million. The stock has traded in a 12-month range of C$4.90 to C$20.60. Prospective limbs Hole SNUG-25-184 also pierced the N2 limb and returned a highlight result of 6.25 metres at 0.62% copper and 0.75% nickel from 882.75 metres depth. The mineralized zones were historically mined and later named N2 limb, N3 limb and South limb to delineate their location on the folded mineralized horizon, NexMetals said. Ongoing drilling is aimed at stepping out and testing the strike extent of mineralization. Initial resource Almost one year ago, NexMetals released an initial resource for Selebi, outlining 18.9 million inferred tonnes at 0.88% nickel and 1.69% copper for 165,000 tonnes of nickel and 319,000 tonnes of copper in the Main deposit. The North deposit, about 6 km away from the main one, hosts 3 million indicated tonnes grading 0.98% nickel and 0.9% copper for 29,500 tonnes contained nickel and 27,100 tonnes copper. It also holds 5.8 million inferred tonnes at 1.07% nickel and 0.9% copper for 62,400 tonnes of nickel and 52,500 tonnes of copper. The Selebi North underground mine produced 13.9 million tonnes grading 0.74% nickel and 0.66% copper from 1990 to 2016. Selebi Main was in operation from 1980 until 2016, when it was suspended due to a failure in the processing facility.

Kazakhstan is preparing to launch a state-run crypto reserve as the National Bank of Kazakhstan confirmed plans to create a national crypto reserve. The fund will likely be made of seized digital assets and government-linked mining operations. The announcement came from the government news agency Kazinform on 25 June 2025. National Bank Chairman Timur Suleimenov acknowledged the internet volatility and risks associated with crypto. However, he argued that placing the crypto reserve under the control of a centralized institution would ensure proper oversight and mitigate potential dangers. Importantly, Kazakhstan’s crypto reserve is expected to be managed by a subsidiary of the National Bank specializing in alternative investments. Furthermore, according to official reports, the crypto reserve will likely be funded through two main channels. Seized digital assets is the first source as authorities plan to use expropriated crypto. The other is through government-linked mining operations. Kazakhstan is known to have a growing crypto mining sector. Explore: Top 20 Crypto to Buy in July 2025 President Kassym-Jomart Tokayev Pushes For Urgent Expansion Of Crypto Infrastructure Kazakhstan President Kassym-Jomart Tokayev called for an urgent expansion of the country’s crypto infrastructure during a government meeting. “The turn towards the widespread use of cryptocurrencies and other digital assets has emerged in the financial sector,” President Tokayev said on 28 January 2025. “The development of artificial intelligence is becoming a fundamental factor, and competition between leading technological powers is intensifying in this area,” he added. “In such conditions, we need to have a clear strategy of action aimed at overcoming the serious challenges of the new era.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways Kazakhstan is establishing a state-run crypto reserve, likely funded by seized assets and government mining. Kazakhstan is not alone in exploring the potential of national crypto reserves. Around the world, governments are considering crypto reserves, often focusing on Bitcoin as the primary asset. The post Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets appeared first on 99Bitcoins.

Kinterra Capital has made an improved offer to buy Australia’s New World Resources (ASX: NWC) as it looks to beat London-listed Central Asia Metals (LSE: CAML) in the takeover battle. On Monday, Kinterra lifted its offer from A$0.057 to A$0.062 a share, the same price CAML offered in its off-market bid last week. CAML’s previous best offer was A$0.055 before Kinterra came into the fold. At market close in Australia, New World’s shares traded at A$0.065 apiece for a market capitalization of A$215.7 million ($141.8 million). ‘Superior offer’ While its offer, on a per-share basis, is the same as CAML, Kinterra argues that its revised bid is “superior” in many aspects, including fewer conditions and a quicker timeline. In its statement, the Canadian private equity firm noted that its proposal is subject only to no “prescribed occurrences” occurring before the offer period ends. In contrast, CAML’s offer is subject to many conditions, including regulatory (i.e. CFIUS and North Macedonia), court and shareholder approvals. In addition, Kinterra said its offer is scheduled to open by no later than July 10, while CAML’s won’t be voted on until mid-September, which even if successful, may not be implemented until October. Kinterra’s offer avoids the execution risk and timing implications arising from this conditionality under the CAML proposal, the firm stated. Shareholder power Moreover, Kinterra said it will not vote in favour of CAML’s proposal, noting that as New World’s largest shareholder with a 19.3% stake, it has “the ability to materially influence the outcome of any shareholder vote on any competing offer.” With respect to CAML’s proposed A$10 million funding to New World for obligations related to the Antler copper project in Arizona, Kinterra said it is willing to engage in talks on interim funding, with the expectation that New World will terminate its agreement with CAML due to Kinterra’s competing offer. Located 15 km east of Yucca in northwestern Arizona, New World’s Antler project is host to a high-grade, polymetallic deposit with a resource of 11.4 million tonnes grading 4.1% copper equivalent per tonne. A 2024 prefeasibility study outlined a 12-year mine capable of producing 341,100 tonnes of copper equivalent.

XRP showed a powerful technical reaction after dipping precisely to the $2.07 Fib confluence zone, where multiple key levels aligned — including the golden .618 Fib retracement and wave-based extensions. The sharp bounce from this area signals a potential end to the recent correction and opens the door for further upside. The Perfect Bounce: XRP Finds Bottom At $2.07 Confluence CasiTrades, in a latest post on X, stated that on Friday, XRP dipped precisely to the $2.07 confluence zone, aligning with the golden .618 retracement, the 1:1 extension for wave C, and the .618 extension for subwave 5. She noted that a sharp reaction from that level would confirm the correction bottom, and the market did exactly that, snapping upward from the $2.07 mark. Since then, momentum has steadily increased, with bullish pressure building over time. Price action is now pressing into a critical resistance zone at $2.25, a level that represents the macro .382 Fibonacci retracement and has served as a significant technical barrier for months. Breaking and holding above this level could signal a shift from recovery to full-blown bullish continuation. Adding to the momentum, Ripple dropped its appeal, and the US SEC’s withdrawal could be the next trigger to price spikes. According to CasiTrades, the legal finish line is finally in sight, just as the price completes its correction structure, a timing she believes is no coincidence. This, she emphasized, is why technical analysis matters: it allows traders to identify key setups before the news breaks, positioning ahead of market-moving headlines. Key Short-Term Scenarios To Watch The analyst further explained that from this point, she is closely watching two key short-term scenarios unfold. In the first scenario, XRP makes a move up to around $2.30, followed by a pullback to retest $2.25 — this time as support, which CasiTrades considers an ideal and healthy move. The second scenario involves a stronger push straight through to the $2.45 zone, heading toward the larger resistance near $2.69. In this case, a minor pullback would likely occur just before the price interacts with the $2.69 resistance area. After that, the analyst anticipates a backtest of the $2.25 level. Either way, she emphasized that $2.25 remains the critical level to watch. Successfully flipping it sets the stage for a much larger breakout move. CasiTrades added that Friday’s bounce wasn’t just a random spike; it was a precise reaction to a completed structure. With wave 2 down, wave 3 is officially underway, and once these nearby resistance levels are cleared, it could all lead to a surge.

The euro is up for an eighth consecutive day and has gained 2.4% during that time. In the North American session, EUR/USD is trading at 1.1738, up 0.36% on the day. German inflation flatlines in June German data on Monday pointed to a weakening German economy. The CPI report indicated that the deflationary process slowly continues. The inflation rate for June came in at 0% m/m, down from 0.1% in May and below the consensus of 0.2%. Annually, inflation dropped to 2.0% from 2.1% and below the consensus of 2.1%. The eurozone releases its CPI report on Tuesday. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Gold prices inched higher on Monday as support from a weaker dollar overshadowed improved risk appetite, while investors await US jobs data due this week to gauge their next moves. Spot gold rose 0.4% at $3,287.10 per ounce by 10:45 a.m. ET, having fallen to a one-month low of $3,248.42 earlier in the session. US gold futures also registered a 0.4% gain, trading at $3,300.80 per ounce in New York. Meanwhile, the US dollar index hovered near its lowest level since March 2022, making bullion less expensive for holders of other currencies. “A weaker US dollar and the ongoing pressure of President (Donald) Trump on the US Federal Reserve to cut interest rates” are supporting gold, said Giovanni Staunovo, an analyst at UBS. For weeks, Trump has toyed with the idea of selecting a new Federal Reserve chair to replace incumbent Jerome Powell. Last Friday, the President said that he would not appoint anyone “who would not support lowering interest rates.” On the US data front, investors are waiting on the ADP employment and non-farm payrolls reports due later this week, which could provide insights into the Fed’s future path for interest rate cuts. The focus remains on whether the data suggests a further slowdown in economic activity, which would allow the US central bank to cut interest rates, Staunovo added. (With files from Reuters)

South Korea pressed pause on its central bank digital currency (CBDC) initiative, even as its new government pivoted toward promoting domestic stablecoins. Telling banks involved that introducing won-denominated stablecoins would be ‘desirable,’ South Korea’s central bank has slowed down on any progress towards a CBDC. In the meantime, Hong Kong is rolling out a regulatory framework for stablecoin issuance aimed at challenging U.S. dollar dominance and bolstering its own financial infrastructure. Both countries reinforce a common perception: crypto is here to stay, and you’ll need a top-notch crypto wallet like Best Wallet app to keep on top of everything. South Korea: Cold Feet on CBDC, but Full Speed Ahead on Stablecoins In a surprise move, the Bank of Korea halted the second phase of its CBDC pilot, planned for later this year, for further review. The advanced pilot, involving peer-to-peer transfers and merchant payments, takes a back seat amid rising concern over cost, commercialization ambiguity, and regulatory readiness. This policy change is strongly influenced by President Lee Jae‑myung’s administration, which won elections earlier in June based at least partly on crypto promises. The new administration also fostered a regulatory framework enabling firms with modest capital (₩500 million ~ US$370K) to issue stablecoins under the Digital Asset Basic Act. At a time when over a third of South Korea’s population – roughly 18M people – trade crypto, boosting stablecoins seems like a solid move. The decision to move away from a CBDC is a bit more surprising. Still, with so many investors trading crypto daily, there’s a real desire to build and strengthen frameworks like the ones for stablecoins. Other countries are making similar moves, though perhaps for more political reasons. Hong Kong: Regulating Stablecoins to Reduce U.S. Dollar Dependence Hong Kong is set to enforce its Stablecoins Ordinance starting August 1, 2025. Passed on May 21, the law mandates HKMA licensing for any fiat-referenced stablecoin issuer targeting the city’s residents. The rigorous licensing requirements cover reserve holdings, fund segregation, redemption rights, and anti-money-laundering protocols. Hong Kong Financial Secretary Paul Chan ties the initiative to China’s broader de‑dollarization strategy, highlighting stablecoins as pivotal for trade and cross-border payments in local currencies. In his words: ‘Fintech has great potential in the application of cross-border trade, and the goal is to solve the long-standing pain points of slow and high cost of cross-border payment, and better serve the real economy in the field of payment… stablecoins are a cost-effective alternative to the traditional financial system and have the potential to revolutionize payments and capital market activities, including cross-border payments. The stablecoin legislation will… encourage issuers to extend the application of stablecoins to different scenarios, and help solve the real pain points of enterprises in business and people’s lives.’ Hong Kong anticipates local issuers and regulated institutions taking the lead, with limited retail uptake initially, but significant promise for cross-border institutional use. And as retail interest grows, more and more investors are going to need a crypto wallet – the best kind of crypto wallet. Best Wallet Token ($BEST) – Supercharge the Leading Web3 Wallet for the World Crypto Economy Best Wallet Token ($BEST) takes two key ingredients for crypto wallet utility and creates something even more powerful. The first element is a simple, powerful web3 wallet – Best Wallet app. With MPC and biometric security, the ability to set up multiple wallets, and a unique upcoming tokens hub to research and purchase hot crypto presales, Best Wallet app gives new and experienced crypto users everything they need to succeed in today’s crypto economy. The $BEST token supercharges the entire ecosystem. Token holders gain: Reduced transaction fees Better staking returns Exclusive project access Governance rights The ongoing presale has raised $13.6M so far. $BEST tokens are on sale for $0.025255, but our price prediction shows they could reach $0.05106175 by the end of 2026, delivering 102% gains for presale participants. Learn how to buy Best Wallet Token to avoid missing out. Visit the Best Wallet token presale now. What These Moves Signal Both governments seek to balance private stablecoin innovation with preserving monetary policy control. South Korea’s pivot reflects a pragmatic approach: redirecting momentum from costly and uncertain CBDC deployment toward a more agile, regulated stablecoin model. Hong Kong’s strategy signifies a calculated expansion of its role in the global digital asset economy, linking stablecoin issuance to monetary liberalization and regional trade objectives, and supporting China’s broader political goals. In each case, the success of stablecoin ambitions hinges on the dirty details of regulation, institutional participation, and financial market dynamics. And success means that everyone, not just major institutions, will want their own Web3 wallet. As always, do your own research – this isn’t financial advice.

The first half of 2025 is officially coming to an end as markets wrap up the rest of June. This first half has been defined by broad USD selling, driven by the unwinding of US-centric flows that had built up over the past 15 years. After a frantic six months under President Trump, market participants are increasingly looking to reduce exposure to the United States. The key themes pressuring the US Dollar have included doubts over the sustainability of ballooning deficits, lower tax revenues to fill up the federal piggy bank, and—perhaps most importantly—the unpredictability of Trump’s tariff policy. Read More: UK GDP impresses with 0.7% gain in Q1 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Solana is displaying signs of strength as it trades with a key chart pattern, which indicates that the altcoin is preparing for a solid move. The price has been holding steady, forming lower highs and higher lows within a narrowing range. This pause in momentum could be setting the stage for another breakout. Key Resistance Levels In Focus As Breakout Approaches Solana has developed a bullish flag pattern on the daily chart, signaling a continuation of its uptrend. According to Dynamite Trader’s post on X, this pattern often precedes strong breakouts, suggesting that momentum could soon accelerate. Currently, SOL’s price is holding above the midline of the flag, indicating underlying strength. However, it’s also testing the daily 100 moving average (MA100), which is acting as a dynamic resistance. SOL’s reaction to this level will be crucial in determining whether the bullish flag leads to a decisive breakout or a deeper consolidation. Another analyst, Henry, highlighted that Solana is gearing up for a big move after completing a clean Cup and Handle breakout on the 4-hour chart, a bullish pattern that signals continuation. The breakout saw SOL flip the $149 resistance into support, a key technical shift. If this level holds, Henry sees a rally toward the $168 to $174 zone, which aligns with previous resistance levels and bullish extension targets. He adds a warning that volatility is increasing, and high-leverage positions are at risk on both sides. Solana is setting up a clean wedge on the weekly chart. Currently trading at $150, SOL has been consistently bouncing between support and resistance levels, which is known for building pressure before delivering sharp moves. Talking about this, Top G emphasizes that if this plays out as expected, the next leg up could be significant, and $300 isn’t just speculation; it’s a realistic target based on the structure and behavior. Holding Above The Breakout Zone Could Accelerate The Move Upward Solana has broken above the downtrend line on the 4-hour chart. This move could mark a pivotal shift in short-term momentum, with potential bullish continuation if current levels hold. If SOL maintains its position above this trend line, crypto analyst Bens BTC noted that the price could climb toward the next resistance area at $165. The price action is forming a bullish structure, and momentum indicators may soon align with the breakout, further supporting the continuation of the upside. The asset had broken out with strong momentum and is now trading firmly within a long-term bullish channel, a structure that has supported uptrends. The price action looks clean, with higher highs and higher lows forming as SOL surges upward. Furthermore, analyst Persis10t revealed that momentum is picking up, and as long as the channel remains intact, the path forward could be explosive. If the structure holds and attracts volume, Persis10t projects a target of $700+ in the next run, pointing to the upper boundary of the bullish channel as a magnet for price.

IXM, a metals trading unit of CMOC Group (SHA: 603993), has declared force majeure on its cobalt supply contracts due to an ongoing export ban in the Democratic Republic of Congo (DRC). The ban, initially set for four months, has now been extended until September, halting cobalt shipments from key suppliers. Export ban extended The DRC government extended its cobalt export ban by another three months on June 21, citing a need to address market oversupply and stabilize prices. The measure, enforced by the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets (ARECOMS), began on February 22, 2025. It has disrupted shipments from major producers like Tenke Fungurume Mining and CMOC Kisanfu Mining, forcing IXM to suspend contract deliveries. The DRC accounts for over 80% of global cobalt output. The export halt could remove more than 100,000 tonnes of cobalt from the market over a seven-month period, fueling supply concerns. Glencore (LON: GLEN), the world’s second-largest cobalt producer, also declared force majeure following the initial suspension. Meanwhile, Cobalt Holdings shelved a planned $230 million IPO in London, which aimed to fund discounted cobalt purchases from Glencore.

Crypto analyst Egrag Crypto has provided a detailed breakdown of how the XRP price could reach between $9.5 and $37.5. He alluded to previous cycles as the rationale behind why the altcoin could reach such ambitious targets in this market cycle. Rationale Behind XRP Price Rally To $9.5 And $37.5 In an X post, Egrag Crypto stated that historical cycles show that the XRP price always rises above the Exponential Moving Average (EMA) and then retests it. He added that the final move from that retest point to the cycle’s top creates the blowoff peak. In Cycle 1, XRP recorded around a 2,000% gain while the altcoin surged 455% from the retest point in Cycle 2. Egrag Crypto then applied these percentages to the current cycle to show why the XRP price could reach $9.5 and $37.5. He noted that after the initial surge and retest in April 2025, the EMA will likely rise with the price, setting the stage for the next big move. Based on these historical blowoff phases, the analyst said that XRP could record another 2,000% increase and reach $37.5. On the other hand, the XRP price could mirror the second cycle and record a more conservative 455% rise, which puts the altcoin at $9.5. Egrag Crypto’s accompanying chart showed that XRP could reach either of these targets by September 1 later this year. Meanwhile, the analyst advised market participants to choose their targets wisely. He also told them to set their exit plans, avoid getting caught up in hype, stick to their strategy, and get prepared. Breakout In Progress For XRP In an X post, crypto analyst CasiTrades stated that the $2.25 level is loading for the XRP price following its reclaim of the $2.07 level. Based on this price action, she remarked that a breakout was in progress. This $2.25 also represents the macro .382, a key level which the analyst has been alluding to for months. CasiTrades declared that momentum is building for the XRP price and that Ripple’s decision to drop its cross-appeal against the SEC is further fueling this momentum. From the current level, she stated that she is watching two key scenarios in the short term. First, the altcoin could move into $2.30, then pull back to test $2.25 as support. The analyst remarked that this would be “ideal and healthy.” For the second scenario, CasiTrades predicts that the XRP price could push harder through to $2.45, which is closer to the $2.69 resistance. Then, the altcoin would witness a slight pullback before touching the $2.69 level with resistance. For this scenario, she believes that a retest of $2.25 later would be expected. At the time of writing, the XRP price is trading at around $2.19, up in the last 24 hours, according to data from CoinMarketCap.