Redator

Perth-based cybersecurity specialist Matt Breuillac of Cyber Node Perth-based ethical hacker – or ‘white hat’ – is warning that some miners, mining contractors and energy companies and their service providers are currently easy to hack and they should be testing their protections against cyber-attack more rigorously. Originally from France, Breuillac has worked as a chemical engineer in the nuclear industry as well as supervised the emergency procedures for uranium mines in Kazakhstan. “Some mining companies (particularly tier two and tier three miners in Australia) are woefully unprepared in their cyber-security protections and many are a decade behind Europe,” Breuillac said in a news release. “Cyber-attackers, as we know, can potentially cause havoc in operations of mining and energy companies,” Breuillac said. Attackers can interrupt communications in remote locations, which could result in failures to accurately monitor correct supplies of fuel or other mine inputs. “Remote vehicles and moving components of processing plants, including water supply, could also potentially be hacked and interrupted,” Breuillac said. “Basically, anything that is connected on a computer system can be interfered with by hackers. Hackers could be based in Australia or overseas.” Hackers could be private individuals looking for ransom money or even acting on behalf of overseas countries such as China, North Korea or the US, Breuillac noted. Cyber-attacks on mining companies are growing and costing the mining and energy industries millions of dollars. In 2023, Rio Tinto was hit by a large-scale leak of employee details on the dark web and Alamos Gold also experienced leaks of confidential documents. In 2022, the Copper Mountain Mining Corporation was forced to shut its mill after a ransomware attack. In 2024, in Western Australia, rare earths producer Iluka Resources announced threat actors attempted to disrupt its external website through a denial of service (DoS) attack but they didn’t gain access to company data. Also in 2024, Northern Minerals announced it was subject to a ransomware attack by the Bian Lian ransomware gang. The gang listed Northern Minerals’ stolen documents on its dark web site. In 2025, an Edith Cowan University professor in Western Australia told Australia’s Mining Monthly that if a cyber-criminal was to take out WA’s mining sector, then Australia’s annual revenue could be cut in half. Breuillac says solid preparation now can, potentially, prevent millions of dollars being lost in future. “We also know that cyber-attacks can impact your company’s bottom line as well as its stable growth, and social licence,” he said. “If you are slack with your cybersecurity hygiene – customers, investors and other important stakeholders – may desert your service or products. Over the long-term, cybersecurity preparedness builds trust and reputation.” Watch Horizon Power case study here.

Ethereum has experienced a sharp pullback, retracing over 10% since yesterday as the broader crypto market faced a wave of volatility. Despite the decline, bulls are showing resilience. ETH failed to break below the critical $2,300 mark and is now holding firm above $2,400, a sign that demand remains strong at current levels. Investors are watching closely as Ethereum consolidates and attempts to recover lost ground. Top analyst M-Log1 shared a technical update indicating that ETH is currently sitting around the 200-period moving average on the 4-hour chart. This level often acts as a major trend indicator, and reclaiming it could spark renewed bullish momentum. According to M-Log1, Ethereum’s price action suggests a potential recovery toward the $2,600 zone, especially if bulls manage to push above the 50 and 100 MAs. This renewed interest in ETH comes at a pivotal moment for altcoins. Many market participants are now evaluating whether this consolidation phase marks the beginning of a larger move for Ethereum and related assets. For now, all eyes remain on key technical levels as the market awaits confirmation of direction. Ethereum Eyes Recovery After Market Shake-Up Ethereum is showing signs of strength amid heightened market volatility sparked by rising tensions between Elon Musk and US President Donald Trump. The sharp war of words between the two high-profile figures triggered a wave of uncertainty in financial markets, prompting swift reactions across the cryptocurrency sector. While Bitcoin remains stable above the $100K level, altcoins have experienced significant pullbacks—ETH included. However, the coming weeks are shaping up to be decisive, with many investors closely watching for signs of recovery. ETH has retraced over 10% in recent sessions but is now bouncing from the lows. Bulls appear confident as Ethereum holds above the $2,400 level and attempts to reclaim key moving averages on the 4-hour chart. According to M-Log1, ETH currently sits near the 200MA, a crucial technical level that often signals trend reversals. He notes that Ethereum is bouncing exactly as expected following last week’s broader altcoin correction. M-Log1’s analysis points to the $2,600 level as the next target. A successful push toward that zone, along with reclaiming the 50 and 100 moving averages, could set the stage for a strong rally throughout June. If ETH manages to build momentum and maintain support, the altcoin market could experience renewed bullish energy. Despite ongoing macroeconomic uncertainty and political risk, Ethereum’s resilience is notable. With technical support holding and confidence slowly returning, the setup remains constructive, assuming bulls continue to defend key levels. As the market digests recent events, ETH’s price action over the next few days will offer critical insight into whether a new altseason can take off or whether further downside is still in play. ETH Weekly Chart: Key Levels Hold Ethereum is currently trading around $2,475 on the weekly chart, showing signs of hesitation as it faces strong resistance near the 200-week simple moving average (SMA) at $2,450. Although ETH managed to surge above this level briefly, the candle is showing rejection near the $2,680 area, which coincides with both historical resistance and the upper end of the 34-week EMA ($2,499). This confluence of resistance levels is proving to be a critical zone for bulls to reclaim. Despite the recent bounce from April lows, ETH is still struggling to gain bullish momentum on the higher timeframes. The last few candles reflect indecision, with long wicks and narrowing body size, suggesting that while buyers are defending downside levels, sellers remain active near resistance. If ETH fails to close the week above the 200-week SMA, a pullback toward the $2,300–$2,250 range is likely, which aligns with the 50-week and 100-week moving averages. On the upside, a strong weekly close above $2,700 would be a major breakout signal, potentially triggering a broader altseason. For now, Ethereum’s weekly structure remains neutral-to-bullish, with consolidation above the 200-week SMA acting as a key battleground for trend confirmation. Featured image from Dall-E, chart from TradingView

There has been much talk about the rupture of one of the most surprising relationships between the world’s richest man, Elon Musk, and US President Donald J. Trump. This story’s beginning comes from a significant surprise - Elon Musk, who shared and endorsed mostly Democratic ideas, made a U-turn in his approach and decided to ride the Republican Horse during Trump’s presidential campaign. From politics to taxes and power, discover how Elon Musk switched his stance, became Trump’s best friend, what led to yesterday’s surprising beef on X, and the effect it had on Tesla's stock prices. 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.

Week in review: Trade Uncertainty Lingers, US Data Positive… For Now Wall Street's main indexes were set to end the week on a high note, after a better-than-expected jobs report calmed worries about the economy, while Tesla rebounded from a sharp plunge a day earlier and technology stocks continued to rise. For a full breakdown of the US Jobs and NFP report, read Breaking News: US Job Growth Cools but Beats Estimates, Dow Jones Spikes Stocks bounced back earlier in the week, following concerns around a deterioration in the US China relationship as well as the US economy. However, decent data out of the US and a much anticipated phone call between US President Donald Trump and China's Xi Jinping has seen some of the risk premium dissipate ahead of the weekend. The S&P 500 hit its highest in over three months on Friday and remains nearly 2.4% below record highs touched in February. The Dow index also rose to a three-month high close Source: TradingView.Com (click to enlarge) /media/images/DXY_2025-06-06_20-25-37.width-1400.png Source: TradingView.Com (click to enlarge) 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. 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.

Grayhoood, a crypto trader, said on X that Litecoin is currently experiencing a bearish trend, emphasizing the ongoing weakness in price action. Over the past 24 hours, LTC has decreased by 2.8%, and the candlestick charts reflect a noticeable downward movement. As shown in the chart he referenced, LTC started the day around $89.00 but faced a sharp decline, dropping to $87.00 before managing a brief recovery to $88.50. However, the price has since fallen again to $84, indicating sustained selling pressure in the short term. Momentum Fades: RSI Drifts Toward Oversold Territory According to Grayhoood, current technical indicators suggest that Litecoin may face further downside, with multiple metrics aligning to support a bearish short-term outlook. One of the primary indicators in focus is the Relative Strength Index (RSI), which appears to be drifting toward oversold territory. While such a move could hint at a potential bounce, Grayhoood cautions that it also signals bearish sentiment in the market. Beyond the RSI, momentum oscillators such as the Stochastic indicator and the Commodity Channel Index (CCI) are also painting a gloomy picture. These tools are typically used to gauge market reversals and the strength of ongoing trends. In this case, both are tilting toward further downward momentum if no strong bullish catalyst appears, especially as prices struggle to hold above the $87 support level. Short-Term Declines Contrast with Yearly Gains in LTC’s Moving Averages The analyst further highlighted a mixed outlook from Litecoin’s moving averages, suggesting a market caught between short-term weakness and long-term potential. In the near term, shorter-duration averages are flashing strong sell signals. These are driven by LTC’s recent negative performance, with a -9.0% drop over the past week and a -12.5% decline over the last two weeks, painting a clear picture of growing bearish momentum and sustained selling pressure. However, the longer-term moving averages tell a different story. Despite recent setbacks, Litecoin has posted a 2.3% gain over the past year, which keeps the long-term trend technically bullish. This divergence suggests that while short-term traders may be responding to immediate price volatility and weakness, long-term investors could still see value in the asset, especially if broader market conditions stabilize or improve. That said, the broader market sentiment currently leans bearish, weighed down by Litecoin’s inability to maintain key support levels amid recent price volatility. Even with long-term growth providing a degree of optimism, the prevailing trend is defined by downward pressure and uncertainty. Until short-term indicators begin to align with the long-term bullish structure, Litecoin may continue to face a challenging environment.

Dogecoin’s daily time-frame has reached a critical point that leaves virtually no margin for error. Price settled last night at $0.17551, clinging to a slender cushion just above the confluence of two of the chart’s most important guide rails: the former down-trend resistance that runs from late February and the 78.6 percent Fibonacci retracement of 2024’s late advance to $0.48440. Dogecoin Enters Danger Zone The structural landscape is defined by a six-month descending channel that has corralled every impulse since Dogecoin topped at $0.48440 on 8 December. The median of that channel—slicing through the field at roughly $0.1800—functioned as durable support until Thursday, when an 11% slide in sympathy with Bitcoin split it cleanly. A failure-retest of a channel mid-line is seldom trivial; until DOGE can reclaim $0.1800 on a closing basis, the chart message remains one of trend continuity. Beneath the market, the black trendline that first rejected rallies on 26 March, 26 April and 2 May reclaimed centre-stage after price vaulted it on 8 May, ran to the channel ceiling at $0.2540, and was twice rebuffed—the first rejection on 11 May, the second on 23 May. The trendline is now retested as support where it intersects the 0.786 Fib at $0.16700, producing a high-stakes cross-point. If that level fractures, the only historical scaffolding is the multi-year ascending trendline (drawn from May 2021’s all-time high) that merges with a proven demand band spanning $0.14500 to $0.13500. That rectangle arrested the early-April shake-out and would represent the bulls’ final trench; surrendering it would invalidate the long-term series of higher lows and almost certainly inaugurate a broader bear phase with potential gravitational pull back to the January pivot at $0.12990. Oscillators and overlays do little to contradict the bearish drift. The fourteen-day Relative Strength Index sits at 34.70, hovering just above oversold territory but still tracking below its own moving average at 45.22, underscoring persistent negative momentum. Price Targets Overhead, resistance layers are stacked like dominoes. Immediate priority for the bulls is a daily close back above the channel midline at $0.1800; failing that, any attempt at recovery is suspect. The next ceiling is the compressing exponential moving average cluster: the 20-day EMA at $0.20120, the 50-day at $0.20091, the 100-day at $0.20677 and the 200-day at $0.21550. With all four averages declining and bunched inside a three-cent band, they act as a single reinforced lid near the psychological $0.20 handle. Clearing that barricade would deliver price to the channel’s upper rail, now descending through $0.22. A weekly close outside that boundary would finally neutralise the half-year downtrend and force shorts to cover into the next Fibonacci checkpoints derived from the November high: the 61.8 percent retracement at $0.23484, the 50 percent at $0.28249, the 38.2 percent at $0.33014 and the 23.6 percent at $0.38910. Until then, however, the blunt arithmetic favours the bears. A floor at $0.16700 backed by a multi-touch trendline is slim protection when sentiment is fragile and macro flows are unhelpful. If that shelf cracks, the market’s inertia points toward $0.14500–$0.13500, Dogecoin’s last defensible plateau. Should that red demand zone capitulate, the technical map turns blank down to the January base at $0.12990 and, beyond that into deep bearish territory, especially the August 2024 low at $0.08.

Ethereum has so far underperformed in this market cycle but looks ready to mount a parabolic rally based on analysts’ predictions. Crypto analyst Crypto Bullet recently highlighted a bullish pattern on ETH’s chart, which provides a bullish outlook for the altcoin. Ethereum Eyes $3,300 As Morningstar Candle Pattern Forms In an X post, Crypto Bullet predicted that Ethereum could rally to $3,300 as a Morningstar Candle pattern forms for the largest altcoin by market cap. This came as he highlighted the bullish monthly close for ETH and alluded to the monthly chart printing this bullish pattern. With this, the analyst expects a significant rally from Ethereum. Crypto Bullet noted that Ethereum is now facing tough resistance, but he believes that the $2,500 resistance will be broken. The analyst added that his next target is $3,300. Meanwhile, crypto analyst Ash Crypto also provided a bullish analysis for ETH, in which he declared that the Wyckoff accumulation was still in play. He remarked that the first major level to reclaim is $3,100, which will be followed by a small correction. Following that, Ash Crypto is confident that ETH will then surge to $4,000, which will initiate an explosive rally. The analyst affirmed that $10,000 is programmed for ETH in this cycle. As NewsBTC reported, crypto analyst Crypto GEM recently predicted that Ethereum could rally to $8,000 by next year. Crypto analyst Titan of Crypto also highlighted $5,000, $7,000, and $8,500 as the targets for ETH’s market structure. Meanwhile, just like Ash Crypto, crypto analyst Mikybull Crypto is also confident that the altcoin can reach as high as $10,000 in this market cycle. He highlighted a similarity between Ethereum’s current price action and that of the 2017 market cycle. Ongoing V-Shape Recovery For ETH In an X post, crypto analyst Titan of Crypto highlighted an ongoing V-shape recovery for Ethereum. He noted that ETH has kicked off a sharp reversal, forming a classic V-shape structure on the weekly chart. His accompanying chart showed that ETH could rally to as high as $7,600 on this run-up. Crypto analyst Mikybull Crypto stated that Ethereum is flirting with a breakout. The analyst further noted that the Relative Strength Index (RSI) is already breaking out. His accompanying chart showed that ETH could rally to as high as $3,600 on this breakout. He also declared that the fifth time of ETH’s move to the MA20 will be a thrust through. The altcoin is expected to break the $2,600 resistance on this move. At the time of writing, the Ethereum price is trading at around $2,450, down almost 6% in the last 24 hours, according to data from CoinMarketCap.

Generation Mining (TSX: GENM) shares soared to a two-year high on Friday as it spotlighted the strong support given to its Marathon copper-palladium project by the Ontario government. Located 300 km east of Thunder Bay, northwestern Ontario, Marathon represents Canada’s next shovel-ready critical minerals project after receiving its final construction permit last month. Once in operation, it would be one of North America’s few palladium producers and a key producer of copper. Both metals are essential ingredients in the manufacturing of hybrid and electric vehicles. Shortly after the permitting milestone, Generation received a letter from an unnamed Canadian financial institution stating its interest in lending up to C$200 million for the Marathon project’s construction. On Friday, several ministers from the Ontario government gave further endorsement by issuing an open letter to Canada’s Minister of Energy and Natural Resources, Tim Hodgson, for federal support for what would be a minerals project “critical to building a secure, domestic supply chain.” Generation Mining surged on the news, rising over 22% to C$0.44 apiece to trade at its highest since July 2023. The company’s market capitalization is estimated at C$99.2 million. Billion-dollar project According to a feasibility study released in March 2025, the Marathon mine is expected to produce 168,000 oz. of palladium and 42 million lb. of copper, plus 38,000 oz. of platinum, 12,000 oz. of gold and 240,000 oz. of silver, on an annual basis over a 13-year span. Based on the improved output projections over prior studies, the project would have an after-tax net present value of more than C$1 billion, an internal rate of return of 28% and a 1.9-year payback period, the report showed. “Now that we are fully permitted for construction, the last hurdle is bringing together the necessary funding to build our mine and commence production,” Generation Mining CEO Jamie Levy stated in Friday’s press release. As calculated in the feasibility study, the project’s construction is expected to cost around $990 million. The company currently has access to C$200 million in financing through a metals streaming agreement with Wheaton Precious Metals (TSX: WPM).

Tim Draper, a Silicon Valley venture capitalist, has doubled down on his call for Bitcoin to hit $250,000 by the end of 2025. He shared this on X, renewing a prediction he first made in 2018 when he set his sights on reaching that mark by 2022. Back then, the crypto market took a sharp downturn in 2022—thanks in part to FTX’s collapse—and the timeline slipped. Still, Draper believes today’s drivers are strong enough to push prices higher. He even suggested that the US dollar might vanish in a decade as Bitcoin takes its place. Tim Draper’s Bold Timeline According to Draper, the $250,000 target isn’t just wishful thinking. In 2018, he said Bitcoin would reach that level by 2022. It didn’t happen—2022 saw many digital assets tumble in value. This year, though, he repeated his forecast after seeing a “recent surge” in the crypto. He also claimed Bitcoin could become “infinite against the dollar,” arguing that in 10 years the US dollar wouldn’t exist. His confident tone suggests he’s sticking with the same numbers—$250,000 by December 31, 2025. Political And Regulatory Drivers Based on reports, Draper points to politics as a big catalyst. He highlighted moves by US President Donald Trump, who is working on new trade deals. One sign of this push is the Media & Technology Group’s filing on June 5, 2025, for a Truth Social Bitcoin ETF. That application is headed to the NYSE Arca, with Crypto.com lined up as custodian, and it aims to bring more mainstream money into Bitcoin. On the regulatory front, the US Senate voted 66–32 on May 19 to advance the GENIUS Act, which would set rules for stablecoins. Plus, the Digital Asset Market Clarity Act of 2025 is under debate. It has bipartisan support and is meant to spell out clear rules for crypto. Financial Institutions And Adoption Draper also sees banks and big companies stepping in. He mentioned that JP Morgan plans to let its clients buy Bitcoin and use spot-BTC ETFs—like BlackRock’s IBIT—as collateral. That shift could open doors to a flood of institutional cash. Meanwhile, according to Bitcoin Treasuries data, Michael Saylor’s Strategy leads the pack, holding over 580,000 BTC. At current prices, that stash is worth about $61 billion. These moves, Draper argues, point to people treating Bitcoin more like gold than a risky token. Technological Advances On Bitcoin In his view, the tech upgrades on Bitcoin matter too. He talked about Web3 apps built on Bitcoin and said “Layer 2 solutions give Bitcoin the flexibility of Ethereum.” Right now, Lightning Network handles many Bitcoin transactions, making payments faster and cheaper. Featured image from Imagen, chart from TradingView

Gold had been climbing steadily despite the overall risk-on sentiment this week. However, this morning’s stronger-than-expected Non-Farm Payrolls report failed to give the safe-haven asset any additional lift. The rejection at higher levels suggests a lower likelihood of a retest of the all-time highs, which remain at $3,500 - although with this year's volatility, everything is possible. The Bullion, which was up 3% at its weekly highs is now up only 1.26% - Let's dive into a technical analysis as we stand on the current pivot. Gold Technical Analysis from Daily to Hourly charts 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.

The Mosaic Company (NYSE: MOS) has lowered its full-year 2025 phosphate production guidance as the fertilizer giant navigates a series of operational challenges across key U.S. facilities. The revision weighed on its stock, which slipped more than 3% in Friday trading. Mosaic now expects to produce between 7.0 million and 7.3 million tonnes of phosphate this year, down from its previous guidance of 7.2 million to 7.6 million tonnes. Second-quarter phosphate sales volumes have also been scaled back to 1.5–1.6 million tonnes, compared to the earlier forecast of 1.7–1.9 million tonnes. Despite the production setback, Mosaic raised its pricing outlook for diammonium phosphate (DAP) to $650–$670 per tonne, citing strong market conditions. This marks an increase from the prior forecast of $635–$655 per tonne. The company said its Bartow phosphate facility in Florida is operating at its target rate and is expected to deliver over 500,000 tonnes in Q2, consistent with an annual run rate exceeding 2 million tonnes. However, at its New Wales facility, commissioning delays for new gypsum handling systems continue to limit output. Although production at New Wales is set to rise more than 20% from the first quarter, Mosaic noted that ramp-up of the first of three new systems took longer than planned. Installation of the remaining systems is expected to wrap up by early July, potentially boosting the site’s run rate to 3 million tonnes annually. Elsewhere, the Riverview facility underperformed due to extended downtime aimed at resolving bottlenecks. Mosaic anticipates the plant will reach a run rate equivalent to 1.6 million tonnes annually in the third quarter. In Louisiana, routine maintenance revealed additional repair needs, resulting in prolonged outages and lost output. In the third quarter, Louisiana is expected to perform at its target annual run rate of 1.4 million tonnes. Mosaic’s potash business remains on track, with no changes to its guidance. The company continues to target second-quarter sales of 2.3–2.5 million tonnes and full-year production of 9.0–9.4 million tonnes.

Gold prices fell by nearly 1% on Friday as a stronger-than-expected US jobs report alleviated some economic concerns despite lingering geopolitical uncertainty. Spot gold traded 0.8% lower at just under $3,330 an ounce as of 10:40 a.m. ET, after hitting as high as $3,375.37 earlier in the day. Gold futures also dropped 0.9% to $3,344.10 an ounce in New York. The decline follows new US data that showed a largely stable labour market for the month of May. Non-farm payrolls increased by 139,000 compared with the 130,000 forecast in a Reuters poll, while the unemployment rate stood in line with estimates at 4.2%. Data came in line with estimates, which is a negative for gold as the data suggests that the Fed is going to stay on hold for a little while, said Marex analyst Edward Meir. Federal Reserve policymakers are seen as waiting until September to cut rates, with just one more cut in view by December, based on trading in short-term interest-rate futures. A rate cut would bode well for gold, as it yields no interest. On the trade policy front, there was little clarity after the highly anticipated call between US President Donald Trump and Chinese leader Xi Jinping on Thursday. “These are very difficult negotiations and they’re not going to be solved just on the phone. If the tariff headlines become negative, that’s bullish for gold,” Meir added. So far this year, bullion has gained nearly 25% as investors rushed to the safe-haven metal amid heightened global tensions. In April, it set an all-time high of $3,500.05 an ounce. Elsewhere, silver extended its rally to hit $36.35 an ounce, setting a new 13-year high, before paring gains. Gains in silver “looks like it was driven by speculative flows seeing it way too cheap versus gold, the break above the $35/oz. mark amplified the move,” said Giovanni Staunovo, UBS analyst. (With files from Reuters)

The Ethereum (ETH) price experienced a significant decline on Thursday, falling over 7% and approaching the $2,400 mark. However, expert analysis suggests that a new bullish trend may soon emerge for the second-largest cryptocurrency. Key Metrics Indicate Accumulation By Larger Investors Market analyst Lark Davis took to social media platform X (formerly Twitter) to share insights on Ethereum’s potential. He noted that various on-chain metrics and market behaviors indicate an impending breakout for the ETH price. Notably, Ethereum has been outperforming Bitcoin (BTC) in the second quarter of the year, suggesting growing investor confidence. The recent Pectra upgrade has improved Ethereum’s scalability and reduced its inflation rate, making it more attractive to investors. Additionally, the expert highlights that with exchange balances hitting seven-year lows and substantial inflows into Ethereum exchange-traded funds (ETFs), it appears that larger investors are accumulating ETH for the long term. Despite these bullish indicators, Davis cautioned that not all market participants share this optimistic outlook. Betting markets on Polymarket currently assign only a 27% chance that Ethereum will reach a new all-time high by 2025. Critical Support For Ethereum Amid Political Disputes The broader cryptocurrency market also faced challenges on Thursday, with total market capitalization dropping from $3.30 trillion to approximately $3.12 trillion. Bitcoin, XRP, and Solana (SOL) were among the notable cryptocurrencies experiencing losses, retracing by 3%, 5%, and 6%, respectively. In a separate but related development, tensions between US President Donald Trump and his former adviser Elon Musk have surfaced, adding to the day’s market volatility. Trump expressed disappointment over Musk’s criticism of a key tax and spending bill from his administration, suggesting that their “great relationship” may be nearing its end. Musk retaliated by accusing Trump of ingratitude, claiming his support was instrumental in Trump’s election victory. This public dispute has drawn attention to the intersection of US politics and cryptocurrency, a dynamic that market analyst Income Sharks noted in a recent post on Elon Musk’s social media site, X. The analyst remarked on the swift impact of political conflicts on crypto markets, emphasizing that the Ethereum price has not yet lost critical support levels. Income Sharks, in his analysis, identified the $2,390 mark as a crucial support point for the altcoin in the immediate term, which could determine the next upward targets of $3,000 and $4,000. While trading at $2,406 when writing, Ethereum finds itself well below its all-time high reached during the market’s last bullish cycle in 2021. As of now, the altcoin stands 50% below its record of $4,878, according to CoinGecko data. Featured image from DALL-E, chart from TradingView.com

Following a better-than-expected NFP report, both the dollar and US equities are trading higher. Since the release, the Dow Jones is up ~0.84%, the Nasdaq-100 by ~0.64%, and the S&P 500 by ~0.73%, respectively. 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.

The combination of Equinox Gold (TSX, NYSE-A: EQX) and Calibre Mining (TSX: CXB) should move the new company up to the fourth largest gold producer in Canada even as it looks to trim its portfolio of non-core assets. The C$2.56 billion ($1.83 billion) all-stock deal, set to close this month, will bring to nine the number of producing mines under Equinox from the current seven, as well as Calibre’s Valentine project in Newfoundland that’s currently under construction. Calibre operates one mine in Nevada, and its three sites in Nicaragua are counted as one under the company’s hub and spoke model. Equinox will have gold reserves of about 24 million ounces. “It makes sense where one and one is what becomes three,” Equinox board chair Ross Beaty told The Northern Miner in an early May phone interview. “We should graduate to a subset of gold producers that are very large, as opposed to mid-cap. To the extent that we end up producing more than 1 million oz. [of gold] a year, we expect to trade at a higher multiple as a result of getting bigger. We also have the effect of having many operational synergies to drive our costs down.” The combination, approved by shareholders on May 1 will create the newest large Canadian producer. It will also bring two low-cost assets under the same umbrella – Equinox’s Greenstone open-pit mine in northern Ontario, which achieved commercial production last November; and Valentine, where the first gold pour is expected at the end of the third quarter. The move gives Equinox exposure to Canada’s east coast and further expands its reach into Latin America. The deal follows a series of other gold sector transactions over the past 18 months, including Gold Fields’ (NYSE, JSE: GFI) purchase of Osisko Mining, Newmont’s (TSX: NGT; NYSE: NEM) Newcrest purchase and AngloGold Ashanti’s (NYSE: AU) acquisition of Centamin. Rise to fourth place With targeted annual output of more than 1 million oz., the new Equinox could end up in fourth place among Canadian gold producers – between Kinross Gold (TSX: K; NYSE: KGC) in the third spot and B2Gold (TSX: BTO; NYSE-A: BTG; NSX: B2G) in fifth. Kinross produced 2.13 million oz. last year, compared with B2Gold’s 804,778 ounces. Equinox booked 621,893 oz. in 2024 and Calibre logged 242,487 ounces. At a hypothetical market cap of C$5 billion to C$7 billion, and if analysts re-rate Equinox at a higher valuation due to better profitability or less risk, it would again rank fourth between Kinross and B2Gold. Equinox is currently valued at just over C$4 billion, and Calibre at C$2.64 billion. The integration of the Calibre assets will be key to achieving a re-rate, Canaccord Genuity analyst Jeremy Hoy said in a note. “The combined company provides investors with increased exposure to tier-one Canada, a larger and more diversified platform with a coherent focus on the Americas, enhanced capital markets profile, and a strengthened team,” he said in April. Projects pending Producing more than 1 million oz. a year will “certainly” happen within the next five years, Beaty said. Equinox is awaiting permits on a few projects, such as Castle Mountain in California, where a second stage expansion will add 200,000 oz. to production. Equinox had planned a growth project at its Los Filos mine in southwest Mexico that would have extended the mine life by four years and raised production to 280,000 oz. per year, a 64% increase from its current capacity. However, the company suspended the mine in April after it managed to reach land use agreements with only two out of three local communities. “We’re [waiting] for one of the communities to agree with a revised agreement that we’ve put in front of them,” Beaty said. A March letter signed by almost 100 community and human rights groups from Mexico, Canada and internationally alleges various threats against the local Carrizalillo community. The letter, addressed to Equinox CEO Greg Smith, claims the community has lost agricultural lands and water sources to the mine, and it decried the company’s alleged inflexible stance in negotiations for an agreement. Another factor likely to impact its ranking is streamlining of operations. “We’ll end up with nine or 10 mines,” Beaty said. “We’ve built bought and sold mines. We’ll do that again in the next while once we complete the Calibre merger. I won’t say what they’ll be, but they’ll improve our cost structure, and we’ll use the proceeds to retire our debt even more than quickly. We’ll make a call on which operations to look at over the next six or nine months.” Gold rally As the yellow metal has risen 27% this year, touching an historic high of $3,500 per oz. on April 22, the shares of Canada’s top producers have gained at least 20%. Equinox has gained by 22% and Calibre rose by 42%. “The rise in the gold price is nothing but positive for the entire gold space,” Beaty said. “It’s particularly good for the larger producers, because the larger production you have, the more leverage you have to higher gold prices. I don’t think it’s over. I can’t predict how high it’s going to go and when it’s going to peak out, but it is on a glorious run right now.” Goldilocks zone move While Equinox is taking on some political risk by acquiring the Nicaragua assets, the merger differs from much of the M&A activity during the gold super cycle of 2001-2011. At C$2.56 billion, the Equinox merger is smaller than the super cycle deals, includes low-cost producing mines and being all-stock it reduces balance sheet risk. Beaty said he’s not leery about the rising price of gold pushing up the costs of M&A for producers. “The gold price normally would bid up all companies but not this time because of the disconnect between the gold price and the equities,” he said, pointing to the under-valuing of both junior explorers and major producers over the last two and a half years amid rising gold prices. Meantime, Beaty believes gold’s current bull run could be set to benefit all players in the metal’s exploration and production space. “As cash flows are generated and returned to shareholders, you’re going to see a significant market pickup amongst the big gold producers, followed by the intermediate gold producers, followed by the junior explorers,” he said. “That is what has always happened, and when that happens, I expect you’re going to see quite a significant bump in the valuations being afforded to the junior explorers in Canada and internationally.”

North-American currencies are leading majors this morning with the employment data beating expectations in the US and Canada. US Non-Farm Payrolls Came at 139K vs 130K expected - but it seems like the market is extrapolating the info even more as ADP missed in the beginning of the week: The greenback is rallying strongly and risk assets are enjoying from the tone. With Canadian data coming in at +8.8K vs -15K expected, the employment data from the Canuck has been surprising to the upside for a few months now. 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.

What are the current Bitcoin price trends? To find that out, we have to look at the macro, and it ain’t looking great. Bitcoin is holding just above $103,000 as investors parse a wave of murky economic signals. The U.S. Dollar Index sits at 98.80, weighed down by soft labor numbers and underwhelming services data. The Fed, offering little in the way of clarity, has left both traditional and crypto markets in a holding pattern. 24h7d30d1yAll time DISCOVER: 20+ Next Crypto to Explode in 2025 Labor Market Weakness Weighs on the Dollar Jobless claims hit 247,000 last week. That’s two straight weeks of increases and the highest since October. ADP numbers came in cold, too, with just 37,000 new jobs in May. With NFP estimates now slashed to 130,000, down from last month’s 177,000, the labor market appears to be losing steam. Fed policymakers aren’t budging. Neel Kashkari made clear the Fed won’t rush to cut rates, keeping investors in limbo. The ISM Services PMI didn’t help. A dip to 52.0 suggests the service sector is starting to slow, raising fresh doubts about the strength of the recovery. Between labor jitters and trade uncertainty, the case for a rate cut is building—but slowly. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Bitcoin Price Trends Maintain Stability Bitcoin hovered near $103,000 Friday morning, slipping 1.11% in 24 hours but holding its ground within a tight range. The price action reflects a broader market pause, with BTC acting more like a macro sentiment gauge than a speculative outlier. With the U.S. Dollar Index drifting and no clear market driver, Bitcoin’s recent consolidation between $100,000 and $105,000 tracks closely with technical levels. A real breakout may hinge on a softening Fed or a geopolitical cool-down. How DXY Movements and Bitcoin Price Trends Intersect Dollar bulls are stuck. Bitcoin isn’t exactly flying, but it’s holding firm. As the U.S. Dollar Index hovers below its 50-day EMA and Bitcoin grinds sideways above $100K, both markets are circling the same question: What comes next? That answer may arrive with Friday’s NFP report. A strong print could send the dollar toward resistance, while Bitcoin might finally feel some tailwinds. A weak report, though, and the whole picture shifts. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways What are the current Bitcoin price trends? To find that out, we have to look at the macro data. Dollar bulls are stuck. Bitcoin isn’t exactly flying either, but it’s holding firm. The post Bitcoin Price Trends: U.S. Dollar Index Wobbles on Mixed Economic Signals while BTC Seeks Stability appeared first on 99Bitcoins.

Tesla shares (TSLA.O) recovered from big losses after tensions between CEO Elon Musk and U.S. President Donald Trump seemed to calm down, reducing investor concerns about potential political issues for the electric car company. close Source: TradingView.com /media/images/TL0_2025-06-06_14-21-16.width-1400.png Source: TradingView.com 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. 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’s majestic 2024-25 ascent may have stalled at the very moment many traders expected an early-summer melt-up, according to crypto analyst Dr Cat (@DoctorCatX). In an extended thread published today, the Ichimoku-focused technician argues that the market printed a “valid cycle high” on the weekly chart and has now slipped into neutral territory—potentially postponing the next decisive breakout until mid-July or, failing that, as late as the first quarter of 2026. Bitcoin Bottom Not In? “I warned multiple times that we can’t be bullish on the weekly before the 9th of June,” Dr Cat reminded followers. The Chiko Span (CS) “entered the candles” last week, he noted, stripping the weekly timeframe of its bullish bias even though the long-term monthly structure remains intact. “Because the monthly chart is bullish, things are still long-term bullish,” he conceded, yet the immediate path higher has narrowed to two clear windows. The first window opens in the week beginning 16 June. If Bitcoin starts that week above $99,881 and closes with CS breaking cleanly above the candle range, Dr Cat believes “the moonshot, potentially to $270,000,” could ignite. Should price open below that threshold, a textbook CS tracing pattern would already be underway, pushing the next breakout target to the week commencing 14 July (or the one immediately after). “Simply because these are the places where CS can make a clear breakout above the candles terminating a CS tracing,” he explained. Below $93,200—the current position of the weekly Kijun Sen—the bullish countdown is voided. “If the Kijun Sen at 93.2K is lost, we consider much later breakout,” Dr Cat warned, pointing traders to a broad monthly window between November 2025 and April 2026 when the Kijun Sen itself is expected to slope upward again. Until then, he is “not confident that the bottom is in,” flagging $97–98 K as a short-term confluence zone in which the daily Kumo cloud, the weekly Tenkan Sen and the two-day Kijun Sen intersect. The analysis comes at a delicate moment for sentiment. Bitcoin’s April all-time high above $111,999 has so far resisted several retests, and funding rates on major derivatives venues have eased from euphoric to merely positive. For Dr Cat, such moderation is consistent with Ichimoku’s Kihon Suchi 17-period rhythm: “Time cycles … give a valid cycle high on the weekly. I think at this point it obviously printed,” he wrote, implying that a fresh consolidation phase is statistically favored. Altcoin Season Even Further Delayed Altcoins face an even steeper uphill battle. In a companion post dissecting the TOTAL3 index (the market capitalization of all crypto assets excluding Bitcoin and Ethereum), Dr Cat argued that “altcoins are not ready to pump on the weekly and need minimum 1-2 months for that in the most bullish scenario.” He cited four overlapping bearish ingredients: price below the weekly Kijun Sen, a negative Tenkan–Kijun cross, a Chiko Span trapped beneath the candle “forest,” and a Kijun Sen poised to turn down next week. “The chance for a bullish altcoins explosion in June is around 5 %,” he concluded, assigning a roughly equal probability that Bitcoin alone could rally while “dominance destroys alts.” That dour appraisal extends to Ethereum and other large caps. In Dr Cat’s view, “blindness … applies to anyone expecting a parabolic bull run above ATH in June for TOTAL3.” The first legitimate “window of opportunity for altcoin bulls,” he adds, does not open until August, when the weekly CS will encounter a thinner overhang of historic candles. Market implications hinge on whether Bitcoin can defend its higher-timeframe pivots long enough to align with those temporal windows. So far, the $93.200 Kijun Sen serves as the demarcation line between an orderly pause and a deeper retracement. A weekly close beneath it would “activate” the November-to-April contingency track—effectively pushing any move toward Dr Cat’s headline $270,000 projection into the next halving cycle. At press time, BTC traded at $103,072.

In May 2025, the U.S. added 139,000 jobs, slightly less than April's revised 147,000 but above the expected 130,000. Job growth was strong in health care (62,000 new jobs), especially in hospitals (30,000) and outpatient services (29,000). Leisure and hospitality added 48,000 jobs, mostly in restaurants and bars (30,000), while social assistance grew by 16,000 jobs. However, the federal government lost 22,000 jobs in May and has cut 59,000 jobs since January. Manufacturing also saw a small decline, losing 8,000 jobs. Additionally, job numbers for March and April were revised down, showing 95,000 fewer jobs than previously reported. Overall, the labor market is slowing but still strong. However, recent policy changes from the Trump administration could lead to fewer jobs in the coming months. After the data rate futures traders see 2 Fed rate cuts this year, in September and December. Implications of the Data The initial market reaction was mixed but the Dow Jones did rally near 200 points as market participants digested the data. Updates to follow 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.

Recently, the US Department of Justice (DoJ) filed a complaint in a US District Court in Columbia to forfeit over $7.74 million in crypto linked to North Korean laundering activities. In a press release published on 5 June 2025, the DoJ threw light on a broader scheme in which North Korean IT workers obtained illegal employment in the US or other international companies by providing fraudulent identification documents. The DOJ’s action in this instance stems from a particular case from 2023. In this case Sim Hyon Sop, a representative of North Korea’s Foreign Trade Bank, facilitated the transfer of millions of dollars raised by illegal North Korean IT workers. Subsequently, the US authorities were able to jump in and salvage the situation by freezing and then seizing the funds when North Korean operatives tried to launder the amount. Matthew R Galeotti, the head of the Justice Department’s Criminal Division, said, “This forfeiture action highlights, once again, the North Korean government’s exploitation of the cryptocurrency ecosystem to fund its illicit priorities.” “The department will use every legal tool at its disposal to safeguard the cryptocurrency ecosystem and deny North Korea its ill-gotten gains in violation of US sanctions,” he added. Explore: Best New Cryptocurrencies to Invest in 2025 Technicalities of the North Korean Crypto Laundering Operations According to the complaint filed by the DoJ, the North Korean IT workers concealed their location. They sidestepped security protocols followed by various companies by using illegally obtained identification documents. Furthermore, these workers received their compensation in stablecoins pegged to the USD and transferred them back to North Korea through various techniques. They created an account using a fake identity, transfer funds in small amounts, convert the funds into different cryptocurrencies, and buy NFTs to conceal their assets, among other methods. Additionally, these North Korean IT scammers also employed individuals such as North Korea’s Foreign Trade Bank representative Sop and the US-sanctioned Kim Sang Man, the Chief Operating Officer of Chinyong IT Cooperation Company, allegedly a front for Pyongyang’s Ministry of Defence. The DoJ launched its DPRK (The Democratic People’s Republic of Korea) RevGen initiative in 2024. The DoJ made multiple arrests, indictments, and seizures in connection with North Korean perpetrators raising funds for the country’s military projects, leading to the forfeiture complaint. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Washington’s Renewed Crackdown on Money Laundering The complaint filed by the DoJ signifies a renewed vigour in the US authorities to sanction North Korean money laundering activities. US Attorney Jeanine Ferris Pirro for the District of Columbia said, “Crime may pay in other countries, but that’s not how it works here. Sanctions are in place against North Korea for a reason, and we will diligently investigate and prosecute anyone who tries to evade them.” North Korean hackers have recently begun to integrate AI into their operating procedures to craft more sophisticated schemes, leading Google and OpenAI to remove North Korean-linked accounts. Allegedly, the North Korean scammers automated resume creation, job applications and researching the establishment of laptop farms in coordination with intermediaries to facilitate their remote jobs. On 5 June 2025, OpenAI reconfirmed its plans to ban accounts suspected of deceptive employment schemes by crafting fake profiles and personas with fake employment histories. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways North Korean Illegal IT workers hid their identity using fake identification documents to secure remote employment in the US North Korean hackers have incorporated AI in their operating procedures to secure remote US employment Open AI and Google have removed accounts linked to North Korean IT work clusters The post US DoJ Moves to Seize $7.7M Linked to North Korean Crypto Laundering Case appeared first on 99Bitcoins.

Call it the world’s weirdest breakup: Elon and Trump. So why is crypto crashing? This is the reason why. The love fest between the two men could be over. They were fighting the entire time, but it finally hit a breaking point. Both egos are too big. Knives are out and coins like Solana and Ethereum are wobbling but not spiraling. It’s bad, not catastrophic. (X) DISCOVER: 20+ Next Crypto to Explode in 2025 Why is Crypto Crashing? Ethereum Price Struggles to Break $2,820 We are in the funniest clown-like timeline. Trump can post about having the runs on TruthSocial, and 100b will be wiped from the markets. I’m starting to wonder if this is just a simulation to see how much a man can take before he reaches his tipping point? The market’s been jumpy since the Trump-Musk breakup. ETH can’t seem to break out with repeated stabs at the $2,820 line have gone nowhere, and confidence is fading. SOL is a different story. There’s movement, there’s volume, and some traders are eyeing it as the better bet for a short-term bounce. (X) DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Bearish Signals for Ethereum: Awesome Oscillator (AO): Initially flashing positive signs, the AO now shows red histogram bars, signaling weakening bullish momentum. MACD Crossover: On the 4-hour chart, ETH has formed a bearish MACD crossover, further undermining confidence in a bullish breakout. Supertrend Resistance: The red Supertrend line currently sits above ETH’s price, emphasizing bearish sentiment. Adding to the caution is Ethereum’s netflow data from Glassnode. Between May 30 and June 4, significant outflows suggested bullish sentiment. However, on June 6, inflows spiked to 93,484 ETH (~$230 million), indicating traders may be preparing to sell or lock profits. If Ethereum fails to hold support at $2,280, a drop below $2,000 becomes increasingly likely. On the flip side, if bulls can retest $2,428 resistance with a more favorable setup, there’s potential for renewed bullish optimism. Solana Recovers From Flash Crash Amid High-Volume Volatility Solana slid 8.1% on the day, dipping from $154.48 to a low of $141.75 before clawing back to $147.40. The bounce was enough to sketch an ascending trendline—tentative, but not without potential. Buyers stepped in hard around $142, marking that zone as a clear line of defense. On the upside, resistance remains firm at $150–$152. Volume spiked during the drop, suggesting traders haven’t abandoned ship, even with risk markets on edge. (CoinGecko) SOL’s flash crash at 01:20, which briefly dropped prices to $144.93 on significant volume, was quickly followed by strong recovery buying. This points to a robust demand zone near $142 and adds weight to the ascending trendline now forming in SOL’s technical structure. However, stabilization near $147.40 shows declining volume, signaling that bulls need more momentum to break through the upper resistance zone successfully. Long story short: American politics are a soap opera these days. European politics continue to be some mashup adaptation of Dante’s Inferno and 1984. Why is Crypto Crashing Right Now? New Solana Layer 2 SOLX Breaks $44m Raised Finally smashing through $44 million raised with $250,000 rolling in daily, the $SOLX presale shows no signs of slowing. The buzz suggests it could easily surpass that milestone as pro-Canadian crypto policies and Trump-era crypto strategies take shape. Elon-Trump feud be damned! For early adopters, $SOLX offers a shot at a platform engineered for cross-chain DeFi, rapid dApp deployment, and robust multi-chain compatibility. Solaxy’s cross-chain bridge with ETH is another draw for the presale. A new bridge links Ethereum’s deep liquidity with Solana’s breakneck speeds and lower costs. Meanwhile, the staking app is setting its own pace, boasting a staggering 322% APY. Over 3.48 billion SOLX tokens are locked away, bleeding supply and forcing some level of price stability into an otherwise chaotic market. Long-term investors might not find much flash here—but the predictability is hard to ignore. Visit SOLX Here Key Takeaways Call it the world’s weirdest breakup: Elon and Trump. So why is crypto crashing? This is the reason why. Solaxy’s cross-chain bridge with ETH is another draw for the presale. A new bridge links Ethereum’s deep liquidity with Solana’s breakneck speeds and lower costs. The post Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm appeared first on 99Bitcoins.

Kuaishou’s AI video tool – Kling – is now a top-earning AI video generation tool. In April and May of 2025 alone, it pulled in a hefty $14M. Given its high demand, Kling’s on track to hitting a whopping $100M in sales by February. This is proof that demand for AI-generated video content is exploding – a boon for AI crypto projects like SUBBD Token ($SUBBD). Kling Makes Pro-Quality AI Video Creation Affordable Since its June 2024 launch, Kling AI has rolled out over 20 updates. The changes were aimed at enhancing core model performance, refining image clarity, and introducing innovative features for video creators. By using the AI tool’s ‘inspiration credits,’ anyone, from solo creators to major brands, can tap into Kling’s powerful video creation capabilities. The model is extremely straightforward: Want sharper, high definition videos? Spend more credits. Want to save on budget? Lower the tool’s parameters. It’s super cost-effective, too. For just one dollar, you get 66 credits. Top-quality videos cost approximately 100 credits, whereas simpler versions cost just 20. By using Kling AI, creators now enjoy the freedom to scale their content based on budget, quality, and turnaround times. Tencent Holdings & Alibaba Capitalize on AI Video Hype The AI video space is heating up with growing competition. Hunyuan Video, launched by Tencent Holdings in December 2024, delivers high-quality cinematic video generation with advanced features. These features include dynamic camera movement, lifelike reflections, and seamless transitions between realistic and animated picture styles. Alibaba is also in on the trend, having released Wan 2.1 in February 2025 – a proprietary suite of open-source AI models. The models are designed for high-quality video generation based on text and image inputs. It’s also gearing up for a major upgrade, Wan 2.1-VACE, which will expand its functionality with advanced tools for reference-to-video generation and video-to-video editing. Let’s not forget OpenAI. The company is now developing Sora, a new tool for automated video generation. And then there’s Runway AI’s $3B valuation. Each of these developments signals a promising future for the SUBBD Token ($SUBBD), which goes a step further. This new crypto project delivers a full-suite of AI powered tools – not just video creation, but also online content management. SUBBD Leverages AI & Crypto to Reshape Creator Workflows $SUBBD powers a next-gen content creation platform that streamlines creators’ workflows and boosts community engagement through AI and Web3 technology. The digital content creation industry is booming, predicted to grow at a CAGR of 9.59% and reach $39.3B by 2032. Yet, despite the growth, creators still face serious challenges: High management and platform fees; Strict content policies on major platforms; Fragmented AI tools requiring multiple subscriptions; Outdated or slow payment systems. Thankfully, this is where the SUBBD ecosystem comes in, offering a seamless experience for AI-assisted content creation, editing, and monetization. The project achieves this through various AI tools, including a video generator, custom voice creator, and automatic live-streams. Meanwhile, fans get direct access to their favorite creators, and can enjoy personalized ecosystem fees and exclusive content – without having to rely on intermediaries. Influencers also benefit significantly thanks to a personal AI assistant. This tool is programmed to manage interactions and content schedules. Beyond content and engagement optimization, the personal assistant is an all-in-one tool that also boosts earnings by slashing third-party fees. Buying $SUBBD also ensures subscription discounts, staking rewards at a 20% APY, and XP multipliers for the platform’s raffles, games, and events. SUBBD to Soar as AI Video Craze Blows Up Kuaishou’s Kling AI is on track to reach $100M in sales. This, coupled with the success of similar providers, like Hunyuan Video, Wan 2.1, Sora, and Runway, demonstrates just how quickly AI-driven video content is scaling. As demand for streamlined, AI-powered content creation continues to rise, SUBBD stands out with its crypto-AI platform that unlocks additional monetization opportunities for creators (including automated live streams and token rewards). To get involved, all you need to do is buy $SUBBD on presale for as little as $0.0556. The presale has raised over $600M so far, and the price is going to increase again in two days. High-earning creators moving to the platform could further push the coin to $0.438 this year – a 687% gain, based on the current price. Before making any investment decisions, always do your own research first and never spend more than you’d be willing to lose.

The opening of the Western Range mine could be Stausholm’s last visit to the Pilbara as CEO. (Image courtesy of Jakob Stausholm’s LinkedIn.) Rio Tinto’s (LON: RIO) departing chief executive Jakob Stausholm insists there is no rift between him and chairman Dominic Barton, despite reports that have fuelled speculation about tensions within the board over strategic direction. Speaking publicly for the first time since the announcement of his departure two weeks ago, Stausholm addressed the rumours at the official opening of Rio’s $2-billion Western Range iron ore joint venture with China’s Baowu in Western Australia’s Pilbara region. The executive said the management team and board remained “absolutely aligned” on the company’s values, strategy, and performance assessment, downplaying any suggestion of internal division. He also said his successor could “very well be” an internal candidate. Stausholm, who joined Rio in 2018 and became CEO in 2021, stepped in after the company’s controversial destruction of 46,000-year-old Aboriginal rock shelters. The incident prompted the resignation of then-boss Jean-Sébastien Jacques following investor and Indigenous backlash. As chief executive, Stausholm pushed Rio beyond its traditional Pilbara iron ore base. He secured approvals for the long-delayed Simandou iron ore project in Guinea, expected to begin production later this year. Under his leadership, Rio also acquired Arcadium for $6.7 billion and launched a $900-million lithium joint venture with Chilean state-owned Codelco. But while Rio’s workforce has grown by 22% to roughly 60,000 employees since his appointment, annual revenue has declined by nearly $10 billion. Iron ore prices, for years Rio’s key profit driver, are projected to fall further, prompting the board to demand greater focus on cost discipline and operational efficiency. Stausholm, who saw himself as a strategic thinker, not a cost-cutter, ultimately agreed to step aside. He also faced mounting shareholder pressure, including a campaign led by Palliser Capital and over 100 investors to revisit the company’s dual listing in London and Sydney. Shareholders rejected the proposal earlier this month. Some investors questioned Rio’s aggressive expansion into lithium amid a slump in prices. While demand forecasts for the battery metal remain strong into the next decade, the payoff on Stausholm’s bet remains uncertain. The Western Range launch may be Stausholm’s final visit to the Pilbara as CEO. The new mine has a production capacity of up to 25 million tonnes of iron ore per year and is expected to sustain Rio Tinto’s Paraburdoo mining hub for roughly two decades. It also marks a milestone in cultural engagement, becoming the company’s first project to implement a co-designed Social, Cultural and Heritage Management Plan with the Yinhawangka traditional owners.

The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing trend in the XRP price chart. If this continues, then the future of XRP, at least in the short term, has become even more uncertain, with bears fighting for more control. 4 Green Daily Closes Fall to Nothing After suffering a crash along with the rest of the crypto market, the XRP price had faced a recovery that seemed to have put it right back on track to rally again. This saw the first green daily close on the last day of May and then carried on into the new month of June. The first three days also closed in the green, leading to four consecutive daily green closes, which is usually bullish for the price. However, there was just another part of the trend that was not completed to show that this was a bullish move, and it has to do with volume. As Master Ananda pointed out, a spike in volume was expected as the XRP price put in a higher low. This would mean there is the momentum needed to push the price back up. But this was not the case as the volume plummeted and remained muted. The absence of this expected volume suggests there is weakness surrounding the XRP price, and this played out as the next day saw a red close for the altcoin for the first time in June. If this lack of momentum continues, then the price could continue to plummet. So far, there is now resistance mounting at the 0.382 Fibonacci level, which is $2.2959. This resistance would need to be cleared with a spike in volume if there is to be a recovery in the XRP price. Otherwise, it risks a fall back down to the 0.236 Fibonacci level, meaning the first steps toward falling below $2. XRP Price Could Fall As Volumes Suffer Data from Coinglass shows how bad the XRP volume has been recently. So far in June, daily volume has remained well below $5 billion, reminiscent of the bear market figures whenever the price was falling. This also shows reduced participation from investors who are wary of entering the market during such conditions. Interestingly, though, open interest remains rather high, $3.94 billion, showing that crypto traders are actively betting on the XRP price. However, the majority are betting that the XRP price will continue to fall from here, with Coinglass data showing 52.75% of all positions being short compared to only 47.25% betting the price will increase.