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Ethereum has been one of the top-performing crypto assets since early April, rallying more than 100% from its cycle lows near $1,600 to a recent high above $2,700. This sharp recovery positioned ETH as a leader in the broader market’s bullish trend, even sparking renewed discussions around a potential altseason. However, momentum now appears to be fading. Over the past week, ETH has struggled to break above key resistance levels, and selling pressure is beginning to mount as global macroeconomic conditions grow increasingly uncertain. Despite these headwinds, one key on-chain signal suggests long-term confidence remains strong: data from Glassnode reveals that Ethereum’s supply on centralized exchanges has dropped to its lowest level in seven years. This trend, typically interpreted as a sign of reduced selling pressure, indicates that investors may be increasingly moving ETH to self-custody wallets, possibly in anticipation of further upside. As ETH flirts with critical support levels, this deep reduction in exchange supply could act as a stabilizing force, reinforcing the asset’s long-term bullish case amid short-term uncertainty. Ethereum Faces Key Breakout Test As Supply On Exchanges Plunges Ethereum is currently trading at a critical juncture, consolidating around the $2,500 mark after a strong rally that began in early April. Many investors believe this consolidation phase could be the calm before a breakout, potentially pushing ETH into new highs and setting the stage for a broader altseason. The recent pullback has been orderly so far, with price action respecting major support zones, and market participants remain cautiously optimistic. Despite persistent global tensions—including rising US Treasury yields and continued trade uncertainty between the US and China—Ethereum’s fundamentals appear to be strengthening. One of the most bullish signals comes from top analyst Quinten Francois, who highlighted on-chain data showing that Ethereum’s supply on centralized exchanges has now fallen to its lowest level in seven years. This development is critical because it signals a deep reduction in potential sell-side pressure. When fewer coins are available on exchanges, it typically indicates that investors are moving their holdings to long-term cold storage rather than preparing to sell. In the past, such shifts have often preceded major price surges. If demand increases while supply remains limited, the market could face a supply shock, fueling a rapid move to the upside. This setup has led analysts and traders to watch Ethereum closely, as it continues to form a base just below key resistance around $2,700. A confirmed breakout above this level, paired with the shrinking supply on exchanges, could trigger aggressive buying and potentially kick off a new phase of bullish momentum. With confidence building and long-term fundamentals improving, Ethereum’s current consolidation might just be the final pause before a major leg higher. ETH Holds Crucial Support Amid Market Pullback Ethereum (ETH) is currently trading around $2,484, showing signs of consolidation after several attempts to break through the $2,700 resistance zone. On the 4-hour chart, price action reveals a gradual decline from recent highs, with lower highs forming and ETH slipping below the 34 EMA ($2,557). This breakdown below the short-term moving averages suggests weakening momentum, while the price now hovers just above the 100 SMA ($2,559), a level that has acted as dynamic support in previous retracements. Volume has also decreased slightly during this pullback, indicating that the recent selling may lack strong conviction. However, if ETH fails to reclaim $2,550 in the next few sessions, bearish momentum could accelerate toward the 200 SMA at approximately $2,358. On the bullish side, this consolidation above $2,450 continues to show resilience, especially given the macroeconomic backdrop and market-wide volatility. If Ethereum can hold this range and reclaim the 34 EMA with strong volume, it could stage a rebound and retest the $2,650–$2,700 zone, a critical level for a breakout. Featured image from Dall-E, chart from TradingView

Gold has been rallying consequently since the Sunday open after the Trump Administration decided to appeal the US Federal Court decision to block the Tariffs on Imports. The precious metal is at the highs of the day following an ISM Manufacturing report that wahttps://www.oanda.com/kingfisher/pages/21768/unpublish/s not the best. You can read more on the Data Release here. XAU/USD is breaking out to the upside and the buying candles are strong, we are now up 2.52% on the session. Take a peek at a Gold Technical Analysis from the Daily to the Hourly timeframe. close Gold 1H Chart, June 2, 2025. Source: TradingView /media/images/Screenshot_2025-06-02_at_12.08.56PM.width-1400.png Gold 1H Chart, June 2, 2025. Source: TradingView Gold is facing the current Resistance Zone R1 mentioned on the 4H Timeframe analysis. A Inverse Head & Shoulders pattern materialized in the breakout and is pointing to a continuation of today's price action. If it the Inverse H&S completes, the Measured Move points at 3,415 to 3,420. Gold prices gapped up on the Sunday open and have mostly been in a Tight bull channel since: Almost only green candles with the few red candles not subjecting a pullback. Prices are broadly unchanged in the past two hours, momentum tends to calm after a volatile session. A rejection of the Resistance 1 Zone points at the MA 20, currently at $3,336. A continuation of the move from this morning aims at $3,415. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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 pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run. Ethereum Price To Rally To $8,000 In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also stated that his targets for ETH in this cycle are between $8,000 and $10,000. In a recent analysis, Mikybull Crypto revealed that the current Ethereum price was showing a similar price action to the 2017 market cycle. Based on this similarity, he remarked that ETH might pull a higher price target to at least $8,000. Despite the altcoin’s underperformance in this cycle, the analyst has been one of those who have been confident that it will still record a parabolic rally in this bull run. In the short term, Mikybull Crypto predicts that the Ethereum price can rally above $3,000. In an X post, he stated that ETH is still coiling up within the ascending triangle. He added that the target is $3,200 on this potential breakout. He again reaffirmed this prediction in another X analysis. The analyst claimed that the same formation is playing out in a different scenario and remarked that market participants should prepare for a “melt-up.” His accompanying chart showed that the Ethereum price could even rally above $3,600 on this run-up. This would put ETH close to the psychological $4,000 price, which could pave the way for the run to a new all-time high (ATH). ETH Eyes $3,800 As Bull Flag Forms In an X post, crypto analyst Titan of Crypto predicted that the Ethereum price could rally to $3,800 as a bull flag forms. He stated that ETH just broke out and that this bullish pattern is playing out. If confirmed, the analyst remarked that the next target sits around $3,800. This is just an intermediate target as Titan of Crypto expects Ethereum to rally higher in the long run. Like Crypto GEM and Mikybull Crypto, the analyst also believes that the Ethereum price can reach $8,000 at some point. In an X post, Titan of Crypto highlighted Ethereum’s market structure and potential targets. The first target for ETH is just above $5,000, the second is just above $7,000, and the third target is $8,500. At the time of writing, the Ethereum price is trading at around $2,500, down in the last 24 hours, according to data from CoinMarketCap.

Bill Barhydt, the founder and chief executive of crypto-banking platform Abra, set Crypto-X alight over the weekend by reposting a collage of global M2-versus-Bitcoin charts first popularised by macro investor Raoul Pal and researcher Julien Bittel. “I’ve seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart – I’ve attached several here. Credit @RaoulGMI and his colleague @BittelJulien for discovering the trend,” he wrote. “Most of these charts predict a dip over the coming days to around $100 k and then a move to new ATH of $130 k in August/September … Or this could all be horseshit. Whatever.” Will Bitcoin Follow M2? Expanding on the macro backdrop, Barhydt argued that “global liquidity needs to rise significantly in the coming months. Bitcoin remains the mother of all liquidity (re: debasement) sponges.” He framed the asset’s reflexivity in stark terms: as fiat supply grows, Bitcoin absorbs the monetary excess, and the resulting gains “will most likely spill over into other L1 platforms and then ultimately speculative alts – the proverbial alt season.” Even so, he cautioned traders against complacency. “Watch your leverage, touch grass and please please be civil,” Barhydt advised, noting that the anticipated pull-back could be a gentle pause or a swift capitulation toward $95,000 before any summer rally materialises. When a follower fretted that the model might already be overcrowded, Barhydt dismissed the idea that positioning had reached critical mass: “I’ve thought about that but we’re talking about trillions of dollars and billions of people. There might be thousands of people focused on this but not more. Even then retail writ large isn’t focused on crypto right now.” A second critic complained that the liquidity data “is not collected on a timeframe that would predict daily moves.” Barhydt concurred, replying: “I completely agree. Hence the ‘whatever’ reference. It’s macro directional on a weekly scale at best. But in that regard it’s been a very good tool.” The liquidity-first thesis still has heavyweight backers. Pal recently told Real Vision subscribers that “liquidity is the single most important driver of all asset prices,” estimating that rising world-money supply accounts for up to 90% of Bitcoin price action, while Bittel’s latest update pegs global M2 near a record $111 trillion – a level he says leaves Bitcoin “still going higher.” Whether those macro tailwinds propel Bitcoin to the $130,000 target or prove, in Barhydt’s own words, to be “horseshit” will depend on how briskly central banks resume balance-sheet expansion and how aggressively traders deploy leverage in the weeks ahead. For now, Barhydt’s call serves as both roadmap and reality check: the next swing could be explosive, but the model is only as good as the liquidity it tracks. At press time, BTC traded at $104,625.

Ivanhoe Mines (TSX: IVN) has laid out plans to dewater the Kakula copper mine in the Democratic Republic of the Congo that could result in a return to operations as early as this month. Its shares rebounded on the update. The underground mine, part of the larger Kamoa-Kakula copper complex in the DRC, was temporarily suspended on May 18 following seismic activity that resulted in severe flooding. The complex is Africa’s largest copper-producing operation, with majority ownership split between Ivanhoe and China’s Zijin Mining (39.6%) at 39.6% each, while the DRC government holds a 20% stake. Despite conflicted reports over the potential damage by the joint venture partners, mining analysts have said the mine should be able to resume once the necessary dewatering and remediation efforts are completed. In a press release issued Monday, Ivanhoe said its engineering team is working on a dewatering plan that would see the western side of the mine, which remains dry, to return to operations later this month. The eastern side, where the initial seismic activity occurred, will restart once the entire dewatering process is complete, the Canadian miner added. The dewatering plan comprises two stages: 1) installation of temporary underground pumping infrastructure to stabilize and maintain current water levels; and 2) installation of high-capacity, surface-mounted pumps and new permanent infrastructure to fully dewater the underground mine. Ivanhoe said its team has already completed Stage 1, resulting in a pumping capacity of 4,400 litres per second, enough to manage water inflows. Stage 2 is currently underway, with four surface pumps ordered to add 650 litres per second of capacity each. Delivery and installation of these pumps are expected within 90 days, the company said. Ivanhoe Mines’ shares rose as much as 7.5% to C$11.56 on the update, the highest since the week it announced the mine suspension. The rally sent the miner’s market capitalization back above C$15 billion. Meanwhile, the near- and long-term plans to resume operations at Kakula are currently being updated, according to Ivanhoe. The management team and joint venture partners are conducting a geotechnical assessment, the results of which are anticipated next week. Operation status Also in its press release, Ivanhoe said its Phase 1 and 2 concentrators are still processing surface stockpiles at half of their combined capacity, and ore from the western side of the Kakula mine will be fed into these concentrators once underground operations restart. Since mining operations began at Kakula in 2021, crews have completed over 18 months’ worth of underground development ahead of the mine plan. This extensive advance development provides significant operational flexibility, allowing access to multiple production areas as they are deemed safe for re-entry, Ivanhoe noted. Operations at the Kamoa underground mine and the adjacent Phase 3 concentrator remain unaffected and continue as normal, it added.

A Malian court has, for the third time, postponed a hearing on whether to place Barrick Gold’s (TSX: ABX; NYSE: GOLD) Loulo-Gounkoto gold complex under provisional administration, Reuters reported on Monday. The decision has been delayed until June 5, according to Issa Aguibou Diallo, a judge at Bamako’s Tribunal de Commerce, who made the announcement during proceedings without providing a reason. Shares of Barrick rose 5.8% to C$27.84 on the Toronto Stock Exchange on Monday, giving the company a market capitalization of approximately C$47.85 billion ($34.89 billion). The Canadian mining giant has been embroiled in a legal dispute with the West African nation over taxes and ownership following the suspension of operations at the complex in January. Operations were halted after the government seized approximately three tonnes of gold, accusing Barrick of failing to meet its tax obligations. Since early November, authorities have blocked the company’s gold exports. Barrick has stated it will only resume operations once the Malian government lifts restrictions on exports. In May, the government—which holds a stake in the complex—requested that the Bamako Commercial Court appoint a provisional administrator to take control of the mines amid ongoing negotiations. A major point of contention remains Mali’s demand that Barrick transition to the country’s 2023 mining code. The government has already renegotiated agreements with other multinational miners under the new legislation, according to two sources cited by Reuters. Tensions escalated further after four Barrick employees were detained in November 2024, and an arrest warrant was issued for CEO Mark Bristow in December. While Barrick has publicly rejected the charges, it has not detailed them. A court document reviewed by Reuters lists alleged offenses including money laundering and the financing of terrorism. Barrick is currently spending about $15 million per month on maintenance and salaries while losing an estimated $1.24 billion annually in revenue due to the suspension. The company, which described the shutdown as “reluctant,” has removed the Loulo-Gounkoto complex from its production forecasts until at least 2028. (With files from Bloomberg and Reuters)

Listen, I don’t care if you’re 22 or 62—if you’re not thinking about diversifying into gold right now, you’re not playing the retirement game to win. And guess what? Smart doesn’t matter if you’ve lost all your money. Let’s break a gold ira down. Macro Reality Check: The Dollar Is a Liar We’ve printed so much money it’s a joke. Literally. Go on eBay right now—you can buy a $100 trillion Zimbabwe bill for five bucks. Why? Because paper is only worth what people believe it’s worth. Belief changes. Reality doesn’t. Now let’s talk about Gold. It’s been valuable since people were fighting with spears. Pharaohs wanted it. Spanish explorers died for it. Central banks hoard it. It doesn’t rust. It doesn’t vanish in a stock market crash. It doesn’t care about inflation. It’s the tortoise that always wins the race. Inflation is the Silent Killer—and Gold Punches It in the Mouth Everyone’s freaking out about gas prices, rent, food costs—and yet they’re still hoarding cash in savings accounts earning 0.0000002% APY. STOP. DOING. THAT. Inflation is compounding against you. Gold is one of the few things that actually moves in the opposite direction. It’s like financial jiu-jitsu: when the dollar gets choked out, gold flips it and stands over it, arms crossed. The System is Rigged—Gold Isn’t You think your retirement fund is safe? Think again. You’re investing in corporations that could be tanked by one bad earnings call or some TMZ scandal. But gold? No boardroom scandals. No CEO meltdowns. No quarterly BS. Just a rock-solid asset that says, “Hold me and I’ll protect you.” Let me say this as clear as I can: gold doesn’t need hype because gold is the asset. Gold is Not Old-School—It’s Smart-School You think you’re “too modern” for gold? Like crypto is the only play? Cool. But ask yourself this: when Bitcoin tanked 60%, what held steady? Gold. Don’t get me wrong—I love innovation. But I also love not losing 80% of my net worth overnight. It’s about balance. Be bullish on the future—but hedge with what’s always worked. So Why Aren’t You Buying Gold? You’ve got Apple Pay on your phone but can’t name one inflation hedge in your portfolio. You hustle 80 hours a week but have zero protection if the market tanks. That’s insanity. You know what’s smart? Getting serious about your financial security. You know what’s secure? Gold. You know when you should start? Yesterday. But today will do. Final Advise: Be Offense AND Defense I’m all about offense. Build brands. Launch projects. Scale. But gold? Gold is defense. Gold is the backup generator when the lights go out. You need both. This isn’t about paranoia—it’s about practicality. Stop listening to broke friends. Start listening to history. You don’t have to go all in—just get in the game with gold bars, gold coins or a Gold IRA by calling American Bullion. The post Stop Sleeping on Gold first appeared on American Bullion.

Ethereum is trading just below the $2,500 mark, struggling to reclaim higher ground as bearish momentum picks up across the broader crypto market. After repeated failed attempts to break past resistance, ETH now sits under heavy selling pressure, raising concerns about a deeper correction. Bulls appear to be losing control as overall market sentiment weakens amid global economic uncertainty and the persistent weight of rising US Treasury yields. Some market participants are now bracing for a significant downturn if Ethereum fails to hold above key demand zones. However, not everyone is turning bearish. Some prominent analysts maintain a highly bullish long-term view, arguing that Ethereum still has significant upside this cycle. According to Ted Pillows, Ethereum could reach $10,000 before the cycle ends. From his perspective, current price action represents a temporary dip rather than a trend reversal, and accumulating during weakness is the smarter move for long-term investors. While short-term uncertainty dominates headlines, long-term conviction remains strong among Ethereum supporters who point to rising institutional interest, declining exchange supply, and the overall maturing of the Ethereum ecosystem as reasons to stay optimistic. For now, ETH’s position just under $2,500 sets the stage for a critical test in the days ahead. Ethereum Analysts Eye Breakout Potential Ethereum is currently testing a crucial support level at $2,500 after repeatedly reaching the $2,700 resistance over the past few weeks. This zone has proven difficult to break, but bulls are still holding the line. If ETH manages to reclaim the upper range and close above it, analysts believe it could ignite the altseason the market has been waiting for. Despite Ethereum’s underperformance over the past year, marked by a lack of sustained momentum and significant selling pressure, the recent price action suggests a shift. Over the past few weeks, ETH has entered a more bullish phase, supported by increasing on-chain activity and stronger demand. Some analysts remain firmly bullish. Ted Pillows, for example, has projected that Ethereum is headed above $10,000 this cycle. While short-term volatility may cause concern, long-term conviction remains strong. For many investors, the message is clear: embrace the dips, accumulate strategically, and avoid panic selling. Technical sentiment across the board is turning cautiously optimistic. Market watchers point to Ethereum’s resilience at the $2,500 level as a sign of building strength. If this support holds and bulls step in with volume, the breakout above $2,700 could be swift and aggressive. ETH Tests Key Support As Bulls Defend $2,500 Ethereum is currently trading around $2,488 after a 2% daily drop, showing continued weakness below the crucial $2,700 resistance zone. The chart highlights a clear consolidation range forming since early May, with ETH repeatedly failing to close above the 200-day SMA, currently around $2,680. This long-term moving average is acting as a significant barrier, preventing any breakout momentum from gaining traction. Support remains at the lower boundary of the range near $2,470–$2,500, where buyers have consistently stepped in to absorb selling pressure. This area coincides with the 34-day EMA at $2,386 and the 100-day SMA just below current levels, forming a dense cluster of technical support. However, volume has been declining, suggesting that neither bulls nor bears have clear control. If Ethereum loses the $2,470 level decisively, the next key area to watch lies near $2,300, where the 50-day SMA could act as a cushion. Conversely, reclaiming $2,700 with strength could signal the beginning of a larger move to the upside. Until then, ETH remains stuck in a range, and traders will be watching closely for a decisive break—up or down to define Ethereum’s next major trend. Featured image from Dall-E, chart from TradingView

Gold prices rallied to a near one-month high on Monday, as a combination of geopolitical risks and economic uncertainty fuelled investor demand for safe-haven assets. Spot gold surged 2.6% to about $3,377 an ounce by 11:00 a.m. ET, its highest since the first week of May. US gold futures also gained 2.6%, trading at just above $3,400 an ounce in New York. Meanwhile, the US dollar fell about 0.6% against other currencies, making bullion less expensive to buyers. Stocks also fell as renewed Sino-American trade conflicts bubbled and investors braced for a packed week of economic and political cross-currents, including a critical US jobs report. “The latest tariff threats on Friday, including plans to double steel and aluminum tariffs to 50% along with Ukraine’s weekend attacks deep into Russia, have heightened geopolitical risks and are fuelling risk-off sentiment,” said Peter Grant, vice president and senior metals strategist at Zanier Metals. Tensions between Washington and Beijing returned to the fore after US President Donald Trump accused China of violating their trade truce. China, however, denied those claims and hit back with accusations of its own. US Treasury Secretary Scott Bessent on Sunday signalled a possible call soon between Trump and China’s President Xi Jinping to sort out the trade issues. Investors are also closely watching for comments from Fed Chair Jerome Powell and other policymakers this week for clues on the US rate path. Between fresh trade war fears, fiscal uncertainty and US debt ceiling concerns, the backdrop is ripe for volatility, Fawad Razaqzada, market analyst at City Index and FOREX.com, said in a note. “For the gold forecast, this backdrop of risk aversion and fiscal uncertainty couldn’t be more favourable,” he said. Elsewhere, silver — gold’s sister metal — rallied by more than 4% on rising investor demand for safe havens.

Trading in the region of ~0.81694, a decisive move in this morning’s trading sees USD/CHF surpass monthly lows and break previously held consolidation to the downside. Amidst an increase in general safe-haven demand, trade tariff uncertainty, mixed US economic data, and a dovish stance from the SNB weighs on dollar-franc price action. USD/CHF: Key Takeaways Breaking down in this morning’s trading, USD/CHF trades 0.71% lower, facing further selling pressure amid an increase in demand for safe-haven assetsUS trade policy, especially regarding uncertainty on future inflation and economic growth, is adding to USD/CHF selling pressureWhile the Federal Reserve remains committed to a ‘wait-and-see’ approach to monetary policy, the SNB has openly discussed negative rates to combat deflationary pressures, potentially limiting franc upside close A chart showing the recent price action of USDCHF. OANDA,TradingView, 02/06/2025 /media/images/USD-CHF-1-02.06.2025.width-1400.png A chart showing the recent price action of USDCHF. OANDA,TradingView, 02/06/2025 USD/CHF: Technical analysis In today’s session, USD/CHF has broken previously held consolidation to the downside and trades at 40-day lows. If bearish momentum continues, bears will likely target ~0.81326, then ~0.81000 before an attempt on yearly lowsShould today’s daily candle maintain or close lower in price than current levels, the 12-26 period MACD will become decisively bearish, suggesting short-term price movement is returning to the long-term downtrend Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Copper prices surged nearly 6% on Monday, supported by a weaker dollar and investor concerns over potential US tariffs on copper imports. On the COMEX, copper for July delivery rose 5.8% to $4.949 per pound ($10,887 per tonne). The rally followed President Trump’s announcement late Friday that the US will double tariffs on steel and aluminum to 50%, starting this Wednesday. Benchmark three-month copper on the London Metal Exchange (LME) was up 0.7% at $9,572 per metric ton as of 07:06 GMT. China’s commodity markets were closed on Monday for the Dragon Boat Festival holiday. The dollar edged lower, paring gains from last week, as markets assessed the potential growth and inflation risks stemming from President Trump’s latest tariff policy. China’s manufacturing activity contracted in May for a second consecutive month, according to an official survey released Saturday, fueling expectations of further stimulus to support the economy amid a protracted trade war with the United States. (With files from Reuters) Copper and the new resource spheres of control MINING.COM and The Northern Miner mapped global copper production through a geopolitical lens, dividing the world into five “spheres of control”: American, Chinese, Russian, Coalition of the Willing, and Undrafted. These groupings reflect geographic, social, cultural, and economic ties—as well as potential alignments in an increasingly polarized world. Explore the full infographic:

Traders are leaning bullish on the gold futures price, with the GC00 curve steepening, according to Correlation Economics. Gold’s dip during the U.S.-China trade war earlier this year wasn’t a flight from safety—it was a byproduct of a stronger dollar and a broad risk rally that lifted the S&P 500 15% off its lows. “Gold actually has properties — you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.” — Peter Schiff, guy who would trade his wife for gold So what’s a better hedge against inflation: Bitcoin or gold? Truth be told, neither protect you from inflation. Everyone today is completely confused as to what inflation is. The problem is that if you don’t understand this simple point, then you’re not going to understand the long-term value of cryptocurrency, gold, or even stocks. Here’s what you should know: 24h7d30d1yAll time Crypto is NOT a Hedge Against Inflation Bitcoin and Ethereum aren’t insurance policies against inflation—they’re bets against fiat debasement. Inflation isn’t just about printing money. It’s what happens when supply chains fracture, wars break out, or demand outpaces production. The Federal Reserve printing dollars doesn’t automatically spike prices at the grocery store. What it does do is pump financial assets—stocks, crypto, housing—because that’s where the liquidity lands. (Source) Sure, you shouldn’t print too much money — like the Federal Reserve printing 1/4 of the total supply of dollars ever— but the main factor in inflation isn’t the printing of money, it’s the supply and demand of goods. They think that a rampant inflation crisis will cause the price of gold to go up. This isn’t the case. When it comes to out-of-control inflation, nothing can protect you. Gold Is Worth Slightly More Than It Was 40 Years Ago Bitcoin tends to move with tech stocks. So, for perspective, here’s how a $1 investment in different asset classes back in 1802 would’ve played out: Source Gold is acceptable as a complement to your stock portfolio. That’s it. The only excuse for making it your primary asset is by being schizophrenic with a hard-on for armageddon. It’s probably why Peter Schiff’s top videos are “Stock up this could get very ugly” or “We’ve never seen anything like this” or “We’re about to suffer much worse than I thought.” So what about Bitcoin and Ethereum? In a world where inflation eats wages and savings earn less than your local vending machine, crypto offers a counterweight. Not because it’s trendy, but because the top cryptocurrencies like Bitcoin, Ethereum, SOL, SUI, and others don’t bend to policy whims. Scarcity is built in. Supply is capped. And as more people find reasons actually to use these networks, the pressure only builds—this time in the right direction. Source In a world of unhinged economic uncertainty, including a Federal Reserve that controls the economy like a dictatorship and banks that promise you’ll own nothing by 2030, it’s good to have a store of value that can’t be debased. That’s what crypto is. And that’s why it’s stronger than ever in the summer of 2025. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Traders are leaning bullish on the gold futures price, with the GC00 curve steepening, according to Correlation Economics. In a world where inflation eats wages and savings earn less than your local vending machine, crypto offers a counterweight. The post Is Gold Futures Price A Better Investment Than Bitcoin Now? appeared first on 99Bitcoins.

Silver prices marched past the $34-an-ounce mark on Monday as market sentiment soured over the weekend in the wake of renewed US-China trade tensions. Spot silver traded as high as $34.31 per ounce during the session, for a gain of more than 4%. Comex silver futures also rose 4.5% to $34.51 an ounce. Driving the rally were heavy inflows into hard assets as the markets digested a potential re-escalation in Sino-American conflicts, which began last week when US President Donald Trump claimed China had violated their trade truce. Beijing later denied Trump’s accusations, stating it was Washington that provoked frictions between the world’s two superpowers by reneging on their previous agreement. The dragged-out trade dispute boosted the appeal for safe havens including silver, which has gained about 14% so far this year.

The US Dollar is beginning the week on a tough note as the White House appealed the Federal Court decision to block US tariffs - which has also dampened the risk-appetite on the week. All majors are higher with the Asian-Pacific currencies leading the charge - NZD and JPY are both up above 0.80% against the USD in the morning session. Gold is also much higher +2.40% on the day, with Bitcoin and Stock Indices down (though not by too much). Let's dive into a DXY Analysis starting from the Monthly timeframe. Read More: Markets Today: Sentiment Takes a Hit on Trump's Latest Tariffs Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Teck Resources (TSX: TECK.A; NYSE: TECK) said a mechanical issue at its Carmen de Andacollo open-pit mine in Chile will force production to be halted for about a month. The unplanned downtime – caused by a maintenance shutdown of the SAG mill – will have no material impact on 2025 output, Teck said Monday in a statement. Carmen de Andacollo will mitigate the effect of the interruption by rescheduling some plant maintenance work to coincide with the halt, Teck said. Teck said it expects Carmen de Andacollo, which accounts for about 10% of consolidated 2025 copper output, to produce 45,000 to 55,000 tonnes of the metal this year as forecast. One month of unplanned downtime could reduce 2025 earnings before interest, taxes, depreciation and amortization by less than C$20 million, National Bank Financial mining analyst Shane Nagle said in a note. Rescheduling the planned maintenance should help to make up the shortfall in the second half, he said. QB port Teck also announced an unrelated temporary outage of the shiploader at the Quebrada Blanca port facility in northern Chile. Repairs to the shiploader should also take about a month, Teck said. Operations at the Quebrada Blanca mine and plant continue normally, Teck said. Since the operation can ship via alternative ports, there should be no material sales impact from the outage, the company said. Teck has said it expects Quebrada Blanca to produce 230,000 to 270,000 tonnes in 2025. Overall, the company is aiming to produce between 490,000 and 565,000 tonnes of copper this year. “Demonstrating operational improvements at Quebrada Blanca throughout the second half is required to support a re-rating,” Nagle said. Teck’s Class B shares were little changed at C$50.93 apiece in morning trading Monday in Toronto. That gave the company a market capitalization of about C$25 billion.

Keeta crypto (KTA) has broken out overnight, surging +25% as the Base chain project continues its run as one of the strongest-performing tokens in 2025. With Bitcoin consolidating nicely at around $103k, altcoins are being given room to run, with KTA and GIZA being two of the best-looking plays right now. Another Base project, Giza (GIZA), has been showing signs of a Keeta-style breakout in recent weeks, with many wondering which of KTA or GIZA is the best Base Chain play. Giza (GIZA) is the latest utility play on Base chain, seemingly catching everyone’s attention. Unlike Keeta crypto, launched over three months ago, GIZA only went live on May 20, with disappointing price action right out of the gate. Due to 13.8 million GIZA tokens being airdropped to early protocol participants, heavy sell pressure resulted, and the price dropped from around $0.11 to $0.037 as airdrop recipients began taking profits. This is a common occurrence for any new crypto launch that coincides with an airdrop alongside its TGE (token generation event). GIZA was no different. However, 3 days later, on May 23, GIZA found its bottom and surged over 400% to $0.177 before a fresh dip to $0.08 as airdrop recipients began taking profits again. With sellers seemingly exhausted, GIZA has since formed a bullish structure on LTF and HTF and is now back trading at around $0.17. GIZA is an innovative concept on the Base chain, providing infrastructure to build and launch AI Agents to create DeFi trading strategies for users. During its early funding rounds, GIZA received investment from Coinbase, Arrington Capital, and the Base Ecosystem Fund, among many others. Over $8 million was raised during the pre-seed round in 2023. With GIZA’s market cap of just $11.5 million at current prices, many traders are eyeing it as the perfect beta play to Keeta. KTA has already experienced a parabolic run over the past month, leading many to believe it may have run out of juice, at least in the short term. If this proves to be true, new base-chain utility plays such as GIZA may attract a bid from KTA holders who are rotating profits into fresh plays. This can actually be proven when looking at some of the top GIZA holders. Many of the top wallets holding GIZA either hold KTA too or have rotated from Keeta crypto into GIZA. DISCOVER: Best New Cryptocurrencies To Invest In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Keeta Crypto Spikes +25% Overnight: Is KTA or GIZA The Best Base Chain Play Right Now? appeared first on 99Bitcoins.

Most Read: Markets Today: Sentiment Takes a Hit on Trump's Latest Tariffs, Gold Rises, DAX Slips The ISM Manufacturing PMI in the U.S. dropped to 48.5 in May 2025, down from 48.7 in April and below the expected 49.5. This marks the third straight month of decline in the manufacturing sector and the biggest drop since November 2024, showing growing economic uncertainty and ongoing cost pressures, partly due to unpredictable trade policies under the Trump administration. close Source: TradingView /media/images/US30USD_2025-06-02_15-44-07.width-1400.png Source: TradingView Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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’s bullish momentum has somewhat faded after reaching an all-time high of $111,000 on May 22, casting doubt on the sustainability of the rally. Bitcoin has pulled back slightly after its record-setting push, and analysts are split on what this means for its price action going forward. Interestingly, not everyone is convinced the recent all-time high reflects genuine strength. One of the most notable voices challenging this is certified crypto expert Tony “The Bull” Severino, who warned that Bitcoin’s move may not be as solid as it looks on the surface. In his assessment, Tony Severino argues that the breakout to $111,814 lacks the technical confirmation usually associated with a true bullish breakout. He noted that while BTCUSD did print a new high, other major trading pairs did not follow suit. Failed Breakout Indicates Weakness Rather Than Strength Particularly, Bitcoin failed to reach a new all-time high against currencies such as the Euro, British Pound, Japanese Yen, and the Swiss Franc. The same applies to BTC/XAU, Bitcoin’s price measured against gold, which currently lags far behind its former peak of 41 ounces per Bitcoin. At the time of writing, that pair is still hovering at 32 ounces, a significant difference that suggests the upward momentum is isolated to the US Dollar. This divergence leads Severino to argue that the move could be a byproduct of the USD’s weakness rather than Bitcoin’s strength. A true bullish breakout, he says, would have been evident across multiple currency pairs and asset benchmarks. His skepticism is further reinforced by the structure of the charts, as seen in the six comparative panels he shared on the social media platform X. Most of them show Bitcoin forming lower highs or simply failing to match the previous all-time level. For instance, Bitcoin priced in euros is still well below its peak of €105,890, currently trading around €93,229. Similarly, Bitcoin has failed to breach the 17 million mark against the Japanese Yen and now sits at ¥15.28 million. The same trend is repeated in the Swiss Franc and British Pound pairings, with BTC / Swiss Franc failing to cross 99,254 and BTCGBP forming a lower high at $78,228. These price actions make it difficult to argue that Bitcoin is in a universally strong position, particularly when measured in anything other than USD. Caution With Next Monthly Candle Open In conclusion, Tony Severino warns traders and investors not to be misled by the surface-level optimism that comes with a new all-time high in BTCUSD. A single breakout, especially one lacking confirmation from cross-pair strength and fundamental indicators, does not necessarily signal the start of a new wave five or a sustained bullish trend for the Bitcoin price. According to him, the May monthly candle close and the June monthly candle open will be important in determining the next direction. If the current indecision tilts bearish, technicals could teeter back bearish towards a larger correction. At the time of writing, Bitcoin is trading at $104,850 after reaching a 24-hour low of $103,832. This is a brief recovery from its June open of $104,646.

Key pitfalls that can derail your forex trading journey Trading strategies to safeguard your capital from day one 8 Rookie Mistakes Every New Forex Trader Should Avoid Entering the forex market can feel like striking gold—leverage promises big returns, and success stories abound. Yet without discipline, structure, and risk management, most new traders burn out before mastering the craft. Avoid these eight common rookie mistakes to fast-track your journey from demo accounts to consistent profitability. Mistake 1: Guessing Instead of Planning Why it hurts: “Punting” or making unplanned, random trades based on a hunch is gambling, not trading. Markets can reverse in seconds—one lucky guess won’t overcome repeated mistakes. How to fix it: • Develop a clear trading plan with defined entry, exit, and risk parameters. • Backtest your strategy on historical data before going live. • Treat each trade like a business decision, not a coin flip. Mistake 2: Lack of Consistency Why it hurts: If your results swing wildly—big wins one week, heavy losses the next—you can’t build capital or confidence. How to fix it: • Trade the same setup every day until you master it. • Keep position sizes uniform relative to your account. • Review your trading journal weekly to spot patterns and improve. Mistake 3: Trading With Emotion Why it hurts: Fear and greed drive impulsive entries and exits, chasing losses or holding winners too long. How to fix it: • Be disciplined with your stop loss and take-profit orders. • Use pre-trade checklists: only pull the trigger when all conditions are met. • Practice mindfulness techniques to stay calm under pressure. Mistake 4: NOT Treating Trading as a Business Why it hurts: Treating forex like a casino leads to short-term thinking, chase-and-basing trades on hope rather than a systematic approach. How to fix it: • Set monthly and quarterly goals for returns, drawdowns, and skill development. • Track expenses, commissions, and net profit—just like a P&L statement. • Continually invest in education: courses, books, and mentorship. • Use this article as a guide: How to Turn Your Trading Into a Business Mistake 5: Ignoring Experience and Starting Too Big Why it hurts: Jumping in with large capital or real money before you’re ready often leads to account blow-ups. How to fix it: • Begin with a demo account or micro-lots to learn platform mechanics. • Gradually scale your position size in line with your growing skill set. • Expect losses—view them as tuition in your trading education. Mistake 6: Overcomplicating Your System Why it hurts: Too many indicators, expert advisors, or conflicting signals can cause paralysis by analysis. How to fix it: • Embrace the K.I.S.S. (Keep It Simple, Stupid) principle. • Focus on 1–2 reliable indicators (e.g., moving average crossovers, RSI). • Build rules around price action and clear chart patterns. Mistake 7: Not Using Stop Losses Why it hurts: Trading without a stop loss exposes you to unlimited downside. One sudden spike up or down can turn a profit into a loss. . How to fix it: • Always set a stop loss based on technical levels (support/resistance, ATR). • Risk no more than 1–2% of your account on any single trade. • View stops as protection, not as “giving up” on a trade. Imagine trading on the wrong side without a stop? (USDJPY 1 hour chart) Mistake 8: Ignoring Larger Timeframes Why it hurts: Focusing exclusively on 5- or 15-minute charts can lead you to fight the dominant trend, resulting in frequent false breakouts. How to fix it: • First, analyze the daily or 4-hour chart to identify the primary trend. • Then, time your entries on shorter timeframes in alignment with that trend. • Be aware of chart levels that would continue or reverse the major trend. • Put short-term price action in perspective, whether it represents consolidation, retracement, trend or reversal/breakout of major trend Overcoming Rookie Trading Mistakes If this list resonates, you’re already on the path to improvement. Forex trading is not a shortcut to quick riches. It demands a methodical, business-like approach. Start small, keep your plan simple, manage every risk, and maintain emotional discipline. Over time, these habits build the foundation for consistent profitability with potential for long-term success in the world’s largest financial market. Take a FREE Trial of The Amazing Trader – Click HERE

Bolivia’s plans to emerge as a major lithium producer have hit an impasse after a local court ordered the suspension of two major extraction deals signed last year valued at more than $2 billion, according to media reports. The contracts were signed in 2023 and 2024 respectively with China’s CBC consortium, which includes battery manufacturer CATL, and Russia’s Uranium One Group, a subsidiary of state nuclear firm Rosatom, as revealed by various publications including Bolivia-based El Deber. The deals aimed to establish direct lithium extraction (DLE) facilities in Salar de Uyuni in southwest Bolivia. The salar is host one of the world’s largest lithium reserves, and forms part of the larger Lithium Triangle shared with Chile and Argentina. The suspension order was issued last week by a mixed court of Colcha K, a village located in the Potosí region, after a legal complaint was filed by Indigenous groups arguing that the projects had violated their environmental rights and were allowed to proceed without formal consultation. Both projects have yet to receive legislative approvals but had already initiated preliminary activities on-site, which the local group claimed were conducted without proper authorization or environmental assessments. 35,000 tonnes Yacimientos de Litio Bolivianos (YLB), Bolivia’s state-owned lithium company, holds a 51% stake in the two ventures. Together, the proposed plants are expected to produce 35,000 tonnes of lithium carbonate a year, Omar Alarcon, head of YLB, said in a press conference last year. As reported by the Argentine paper Infobae, the court ruling will prohibit YLB as well as the Ministry of Hydrocarbons and Energy, from undertaking any administrative or operational steps related to the contracts until the judicial process is concluded. However, the Bolivian government has maintained that it has yet to be formally notified of the court ruling, and insists that until official communication is received, the legislative process surrounding the contracts will continue. Ministers’ response Álvaro Arnez, vice-minister of Alternative Energies, in a statement to El Periódico de la Energía, brushed aside allegations that unauthorized exploratory operations were already impacting local water availability. Meanwhile, Minister of Economy Marcelo Montenegro dismissed the ruling as a “politically motivated obstacle to regional development.” In addition to the environmental concerns, questions have also been raised regarding the financial and operational responsibilities assigned to the Bolivian state. For instance, the Uranium One contract obliges YLB to repay all construction and exploration costs, despite the Russian partner having no obligation to operate the plant, according to Fundación Milenio, a think tank. The court order underscores the ongoing political instability that continues to hinder Bolivia’s efforts to develop its vast lithium reserves, which the government estimated at 23 million tonnes in a study.

Elon Musk’s antics on X are there for everyone to see. While some may not be in favor of his ‘unserious’ online persona, crypto degens, for one, love every bit of it. After all, one tweet from the tech mogul can send any crypto’s price soaring. Something similar happened on Sunday night, when Musk took to X to post a 15-minute clip from the video game Path of Exile. Keep reading to learn more about Elon Musk’s Kekius Maximus obsession, his history of spiking meme coin prices, and discover a few legitimate/safe meme coins getting ample attention right now. Decoding the Kekius Maximus Episode Musk’s X post, captioned ‘Kekius Maximus pit level 117, hardcore rank 1,’ showed an in-game character named Kekius Maximus fighting off enemies and scoring points. Almost immediately after Musk’s tweet, several meme coins named after Kekius Maximus recorded significant spikes. For example, the Ethereum-based Kekius Maximus ($KEKIUS) shot up around 10%, whereas the Solana-based $KEKIUS rose by a chunky 9.5%. However, the most notable fact here is that Elon Musk isn’t personally affiliated with any of these cryptos, meaning they’re all ‘unofficial’ at best, if not ‘fake.’ This significantly increases the risk of them being rug pulls, cash grabs, or outright scams. Instances of traders not being able to sell their meme coin positions are, unfortunately, quite common. Musk’s History with Meme Coins Interestingly, Musk has a habit of tweaking his X username to show his support for a particular cryptocurrency. For instance, he changed his X bio to ‘CEO of Dogecoin,’ which led to a noticeable surge in $DOGE’s price. Speaking of $DOGE, Elon Musk was, in fact, one of the biggest catalysts behind its historic growth. Remember Musk’s famous SNL appearance back in 2021? He humorously referred to himself as the ‘Dogefather,’ hyping up the dog-themed meme coin like very few could. Floki Inu is another mainstream meme coin that jumped off Elon’s shoulders. Floki, in case you didn’t know, is the name of Musk’s real-life pet dog. Also, this is exactly what happened with CZ’s Broccoli. Soon after the crypto legend expressed his approval of meme coins and revealed his pet dog’s name (Broccoli), the crypto market saw a slew of $BROCCOLI tokens. Again, none of these were ‘official’ coins, even though a couple of them ended up with over 1,000% gains in less than a week. Sure, you can potentially make a fortune in one such wild celeb-fueled crypto rally. However, it makes little sense to gamble on such tokens when you can invest in legitimate, fundamentally strong cryptos like the ones below. These offer serious utility to encourage long-term holding. 1. MIND of Pepe ($MIND) – Best Meme Coin to Buy Right Now MIND of Pepe ($MIND), with an AI-infused Pepe the Frog as its mascot, is quite possibly the best crypto to buy right now. It’s an AI agent designed to always stay on top of online crypto chatter and real-time market activity, which is how it’s able to identify the next big crypto coin with decent accuracy. Here’s how $MIND works: It interacts with crypto influencers on online platforms like X, sparking thoughtful conversations with its context-aware tone and crypto lingo. After assessing the community’s biases, $MIND looks up live activity data, such as early investor funding, volume spikes, and token launches. Finally, the AI agent combines the two to point $MIND holders towards the best cryptos to invest in. Additionally, as a self-evolving AI agent, MIND of Pepe will also one day be able to create its own tokens. Needless to say, these new cryptos will be built around current market trends, which will put them in a great position to rocket to the moon. For access to MIND of Pepe’s actionable crypto investment advice as well as its handcrafted tokens, you’ll have to become a $MIND holder. The best part? You can buy $MIND now for just $0.0037515. That’s because the project is currently in presale, and it’s doing well, with over $12M raised. However, the presale ends in less than 24 hours, so hurry up! This is your last chance to grab $MIND at this price before it goes live on exchanges. 2. Solaxy ($SOLX) – First-Ever Solana Layer-2 with $43.2M in Presale Funding Solaxy ($SOLX) is another revolutionary crypto with Pepe the Frog as its face. Solaxy’s Pepe, however, features Einstein-like hair, signaling the project’s real-world application and importance. $SOLX aims to solve Solana’s long-standing problems of network congestion and scalability, which crept up soon after $TRUMP’s success flooded the blockchain with more investors than what Solana was equipped to handle. By building the first-ever Layer 2 solution on Solana, Solaxy will reduce the burden on the network’s mainnet. The new L2 will offload a bunch of transactions onto a sidechain. Moreover, Solana will also benefit from Solaxy in the form of increased affordability. That’s because $SOLX will process transactions in batches, which will reduce the cost per transaction. Given Solaxy’s one-of-a-kind mission, it’s hardly a surprise that it’s predicted to shoot up over 11,400% and reach $0.20 by 2030. It’s currently live, but the presale will be ending in less than 15 days. To make the most of Solaxy’s growth, become an early investor in the project — you can buy some $SOLX for just $0.001744. 3. Pepecoin ($PEP) – Pepe-Inspired Meme Coin Currently Breathing Fire Pepecoin ($PEP) looks and feels very similar to the OG $PEPE crypto, but it has a handful of unique features up its sleeves. For starters, unlike other popular meme coins, $PEP runs on its own blockchain. This allows it to not only offer low transaction fees but also completely eliminate Ethereum’s gas fees. Another unique Pepecoin feature is that it supports merged mining. This simply means that you can mine two or more crypto coins, like Dogecoin and Litecoin, simultaneously without using any additional computing resources. Also, $PEP’s commitment to decentralization is evident from the fact that all of the coins have only been distributed through mining – no pre-mine or team allocation. Since its launch in January 2024, $PEP is up nearly 3,300%. It’s also one of the top trending cryptos currently, with an over 34% gain over just the past seven days. Each coin is currently available for a low price of $0.0002690. Beware of Fake Meme Coins & Don’t Forget to DYOR With fake meme coins running riot through the crypto market, it’s important to be cautious of the tokens you select for investment purposes. That said, even with legitimate projects that show high potential and aren’t as reliant on a celebrity tweeting in their favor, like MIND of Pepe ($MIND) and Solaxy ($SOLX), they’re still dependent on the broader market sentiment. No crypto investment is free from risk. We advise you to do your own research before investing; this article is not financial advice.

Environmental groups and some First Nations oppose Ontario’s Bill 5 to boost mining despite changes by Premier Doug Ford who calls it an opportunity of a lifetime. The proposed law, the Protect Ontario by Unleashing our Economy Act 2025, aims to accelerate mining development and create First Nations-led special economic zones such as for the Ring of Fire region north of Lake Superior, but Indigenous leaders are challenging it. “Bill 5 is a direct attack on our nations, our people, our treaties, and our future generations,” Grand Chief Alvin Fiddler of the Nishnawbe Aski Nation (NAN) said in a standing committee meeting at Queen’s Park this week, according to a release. NAN represents 49 First Nations in Ontario’s North. “Ontario is claiming they are fast-tracking this legislation and eliminating red tape to respond to tariffs and global economic instability. However, it is clear their goal is to fast-track development in our territories and eliminating red tape really means eliminating our rights.” Premier Doug Ford disagrees. “This is an opportunity of a lifetime that no provincial government has ever given the indigenous communities across the province,” Ford told reporters on Friday. “They will thrive, they will prosper and that’s what they want.” He said the opponents are a very small and vocal group. “Wouldn’t that be a disappointment? Do they think Ontarians and Canadians are going to be in favour when you block a railroad, block a road? That’s counterproductive.” Ford says he’s willing to have discussions with the opponents, and would allow some to decide not to take part in development. “There’s certain areas, they just don’t want to do anything. Fine. You don’t want to do anything? You’re left behind. We’re moving forward.” Ford said the province has set aside C$3 billion to help Indigenous communities become equity partners in mining projects, C$70 million in training and C$10 million for scholarships for Indigenous communities. Special economic zones The proposed special economic zones could exempt projects from other regulations and laws. Wyloo Metals plans to develop its Eagle’s Nest battery metals project in the Ring of Fire region, about 540 km northeast of Thunder Bay. The government has pledged that First Nations to be affected will be consulted and this week also said that Indigenous-led economic zones will be created, though it’s given few details. However, Indigenous leaders and environmental groups say the legislation and the potential First Nations-led zones ignore their rights and concerns. ‘Lawless zones’ “This bill contains no checks or balances of any kind,” Ecojustice lawyer Laura Bowman told a Queen’s Park committee meeting on Monday. “It is a blank slate allowing cabinet to create lawless zones for trusted proponents and special projects in secret, using secret criteria.” Provincial Indigenous Affairs Minister Greg Rickford and Energy and Mines Minister Stephen Lecce have said consultation with First Nations, especially the ones in the Ring of Fire region, is on their agenda for the summer. The premier said developing the Ring of Fire region would be the leading infrastructure project he’s pitching to Prime Minister Mark Carney at the premiers meeting in Saskatchewan next week. Slams Bill C-69 Ford also spoke out against the federal government for continuing to support Bill C-69, which was enacted in 2019 and is commonly known as the Impact Assessment Act, for delaying pipelines. Critics say the Act makes project approvals slower and more uncertain; supporters argue it leads to more responsible development. The provincial opposition NDP led filibustering against the bill this week in legislative committee meetings, which have delayed the bill’s passage. The government plans to pass the legislation before the summer recess begins on June 9. Groups including the Nishnawbe Aski Nation and Chief of Ontario have scheduled a protest rally against the bill at Queen’s Park on Monday. NAN and the Chiefs of Ontario, led by Abram Benedict, did not immediately respond to Northern Miner requests for comment.

The presidential election in South Korea is shaping up to be bullish for crypto, with both leading candidates waving the pro-crypto flag. This is good news for cryptocurrencies and crypto wallets alike. It’s been six months of political turmoil since South Korea’s parliament voted to impeach former President Yoon Suk Yeol following his attempt to impose martial law in December last year. Just two weeks later, Yoon’s replacement – acting-President Han Duck-soo – was also impeached. Tomorrow, however, voters will head to the polls to decide whether frontrunner Lee Jae-myung (Democratic Party) or his main rival Kim Moon-soo (People Power Party) will be the next president of South Korea. Regardless of who’s voted into power, crypto wins. Rival Leaders Agree on One Thing Both Lee and Kim have pledged to expand the nation’s digital assets market and bridge the divide between crypto and traditional finance. This includes legalizing and promoting spot crypto ETFs to enable Bitcoin and other digital assets to be listed on South Korea’s stock market. Both also support the idea of a Korean won-backed stablecoin and easing regulations to curb reliance on foreign currencies and stabilize the financial system. Lee, meanwhile, is pushing for South Korea’s $884B national pension fund to be free to allocate part of its portfolio to crypto assets. Ripple Effects Of South Korea’s Growing Crypto Adoption According to local news agency Yonhap, 32% of South Koreans – 16M+ people – are active in the crypto market, with daily trading volumes on crypto exchanges sometimes exceeding the country’s major stock indexes. With institutional adoption, regulatory reform, and mainstream access on the cards, there will only be a greater demand for crypto wallets in South Korea, as around the world. Currently valued at $11.52B, the global crypto wallet market is forecast to grow at a CAGR of 23.5% to $32.8B by 2030. Growing crypto adoption worldwide will undoubtedly work in top hot wallets like Best Wallet’s favor. Best Wallet plans to dominate 40% of the global crypto wallet market by the end of next year, and to prime the pump, it’s launched its own native token – $BEST. Could $BEST Beat the Rest? The Best Wallet app is a free, mobile-first, user-friendly, anonymous crypto wallet. Armed with Fireblocks’ MPC-CMP technology, access to 50+ blockchains, and enabling seamless cross-chain swaps, Best Wallet is among the top software wallets on the market today. The Best Wallet Token ($BEST) drives the Best Wallet ecosystem and delivers exclusive perks for $BEST holders. These include lower transaction fees, higher staking rewards, and exclusive early access to the best presales. With nearly $13 million already raised during the Best Wallet Token presale, $BEST is on our list of the top new cryptocurrencies to invest in. Currently, $BEST costs $0.025115, which can be staked for 111% APY. As it’s a presale, though, its price will increase at regular intervals. Once the presale ends, $BEST plans to list on DEXs, followed by CEXs, which should drive up its price considerably. Check out our $BEST price prediction for what the future could hold for this new token. In short, if Best Wallet makes good on its goals, spurred on by growing crypto adoption in South Korea, the US, and the rest of the world, $BEST could easily do 10x. To get in at its current early-bird presale price, our full guide to buying $BEST has everything you need to know. A Vote for Crypto All eyes will be on South Korea tomorrow as voters head to the polls. However, whether Lee or Kim comes out on top, crypto is the big winner. And that’s exciting news for the entire crypto market, from Bitcoin to $BEST to some of the best crypto wallets. A reminder, though, knowledge is power when it comes to investing. Be sure to DYOR — We know a lot about crypto, but we’re not financial advisors.

The daily XRP chart has slipped back into a state of suspended animation just when bulls needed decisive follow-through, according to the Ichimoku-centric assessment shared by crypto strategist Dr Cat (@DoctorCatX). “I would be surprised to see $3, let alone ATH in June,” the analyst wrote after posting the chart, lamenting that “the window of opportunity was missed” for both the dollar and Bitcoin pairs. XRP Bulls Miss Their Shot The chart Dr Cat circulated shows XRP-USD grinding along the lower edge of the kumo around $2.14 after a failed attempt to reclaim the flat Kijun-sen that has flattened near $2.35. Price action pierced the cloud top in early May on robust volume, but follow-through stalled and the token has now printed two consecutive closes back inside the cloud. The Tenkan-sen has curled beneath the Kijun-sen, signalling waning short-term momentum, while the Chikou span (lagging line) is trapped in overlapping candles—classic signs of neutrality rather than outright weakness, yet miles away from the bullish alignment required for an explosive trend. Dr Cat argues that Ichimoku bull markets do not emerge spontaneously; they “take a lot of time and effort,” typically at least one full 26-period rotation, to rebuild after a failed attack. “If the window of opportunity is missed and these conditions are not utilized, it’s not a good sign,” he cautioned, adding that the most optimistic scenario now implies “at least 1 standard 26-candles cycle to retry.” On a daily chart that translates to roughly a month, leaving any breakout attempt realistically postponed to July or August and, if momentum continues to lag, potentially November. Lower-timeframe data paint a harsher picture. The analyst points to “consistent selling pressure on lower medium timeframes without any sign of strength,” noting that XRP/BTC has sunk to the 2041-satoshi monthly support and is failing to bounce. The 2041 level—the exact value where the cloud thins dramatically later in the year—has become the fulcrum for Dr Cat’s broader thesis: if it holds through summer, the token could launch a thinner-cloud break in November when “the XRPBTC kumo is very thin and easy to break.” The medium-term stakes are clear on the weekly template, where Dr Cat says “there is nothing bullish.” The weekly kumo is widening in front of price, while the Tenkan-Kijun bear cross remains unresolved. Because trend-following traders typically want to see candle bodies and the Chikou span clear both the cloud and historical price structure, the current setup offers few immediate catalysts. Even so, the monthly view retains a more constructive look on the USD pair—a reminder that secular strength is not altogether lost, merely dormant. In the near term, the analyst sees a real danger of cascading toward $1.89, a price zone that coincides with the flat bottom of April’s cloud twist and a visible shelf of historical volume accumulation. Should that level give way, the chart offers scant support until the $1.70 region where the March spike tail began. Despite the downbeat tone Dr Cat stops short of declaring a bear market. “The good news is that 3D is still NOT ready to trend bearish at all on the USD pair,” he wrote, underscoring that closing prices have not yet delivered a decisive shift below the three-day Kijun-sen. If the token can hold cloud support into July, another push toward the upper cloud boundary near $2.40 could materialise. Only a clean break above that level, accompanied by a bullish Tenkan-Kijun cross and a Chikou span that punches above historical price, would force a reassessment of the $3 ceiling before year-end. For now, however, the roadmap remains one of patience. “All in all, my most bullish case expectation for June is neutral price action below ATH,” Dr Cat reiterated, positioning November—when the cloud on the XRP/BTC pair narrows to its thinnest width in years—as the next credible launch window. Until then, traders eyeing a resurgence must watch that 2041-satoshi floor and be prepared for several more weeks of sideways drift—or a sudden downside probe toward $1.89—before the larger trend declares its verdict. At press time, XRP traded at $2.17.

AngloGold Ashanti (NYSE: AU) (JSE: ANG) is selling its stake in Mineração Serra Grande (MSG) gold mine in the Goiás State, central Brazil, to Latin America-focused Aura Minerals (TSX: ORA) for $76 million. The sale, part of a broader strategy to streamline operations and focus on high-return assets, ensures that Anglo further sharpens its focus on capital allocation, operating efficiencies and the optimization of its portfolio, AngloGold chief executive officer Alberto Calderón, said. “We’ve also worked hard to ensure that MSG and its excellent team joins an established company which will continue to be responsible stewards of this asset for the benefit of all stakeholders,” Calderón noted. As part of the deal, AngloGold will receive deferred payments equal to 3% of net smelter returns over the life of MSG’s current mineral resources and reserves, paid quarterly. AngloGold’s shares surged on the news, rising around 9% to $47.6 in New York trading, pushing the company’s market capitalization to nearly $24 billion. MSG, one of AngloGold’s smaller operations, produced 80,000 ounces of gold in 2024. The complex includes three underground mines, an open pit, and a dedicated metallurgical plant. The asset had recently been excluded from a list of tier-two operations AngloGold flagged for potential improvement during its first-quarter results. Recent efforts at MSG focused on operational stabilisation, including the decommissioning of an ageing tailings storage facility, a process now nearing completion, according to AngloGold. The company recently raised its output forecast for the year to between 2.9 million ounces and 3.2 million ounces from about 2.7 million ounces produced in 2024. AngloGold said the revised guidance was thanks to the addition of Centamin’s assets, which it acquired last year. Aura Minerals, a mid-tier gold and copper producer, already operates two mines and three development projects in Brazil. It also owns the Aranzazu mine in Mexico, operates mines in Honduras, and is advancing additional projects in Guatemala and Colombia.