Redator

Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE). Circle’s IPO Exceeds Expectations Circle’s stock opened at $69, well above its IPO pricing of $31. Throughout the day, the shares reached a peak of $103.75, showcasing strong investor enthusiasm. The IPO was priced late Wednesday, exceeding the anticipated range of $27 to $28, and substantially outpacing an earlier range of $24 to $26. This pricing strategy valued the company at approximately $6.8 billion before trading commenced. By the end of the trading session, Circle’s trading volume reached about 46 million shares, far surpassing the number of freely floating shares available. This impressive performance positions Circle alongside other cryptocurrency firms like Coinbase, Mara Holdings, and Riot Platforms as a notable player in the US market. CEO Jeremy Allaire emphasized the importance of building relationships with governments and policymakers, stating, “To realize our vision, we needed to forge relationships with governments… it’s got to work in mainstream society and you need to have those rules of the road.” Allaire highlighted Circle’s commitment to compliance and transparency, which he believes has contributed to the company’s success in a challenging regulatory environment. Could Higher Prices Follow For Future Listings? The strong debut of Circle’s IPO could signal a shift in how institutional investors approach upcoming listings, potentially leading to higher initial public offering prices for future offerings. Notable companies preparing for IPOs include Omada Health, which is pricing on Thursday, and Klarna, a fintech firm set to list next week. While Circle’s IPO share price initially set its market value at $6.1 billion—below its last private market valuation of $7.7 billion from 2021—Thursday’s trading surge adjusted that figure. By the close of trading, Circle’s market capitalization, excluding employee options, stood at an impressive $16.7 billion. The company successfully raised approximately $1.1 billion through the offering. Circle’s journey to this point has been marked by challenges, including its previous attempt to go public. Circle’s previous attempt to go public via a merger was with a special purpose acquisition company (SPAC), which collapsed in late 2022 due to regulatory hurdles. The company’s largest outside shareholders include General Catalyst and IDG Capital, holding approximately 8.9% and 8.8% of all stock, respectively. Other significant backers such as Accel, Breyer Capital, and Oak Investment Partners continue to support Circle’s vision in the evolving crypto marketplace. Featured image from DALL-E, chart from TradingView.com

Uber is now exploring stablecoins as a way to streamline its global payment system. That might sound surprising coming from a rideshare company, but when you’re dealing with money flowing through dozens of countries, faster and cheaper matters a lot. CEO Flags Stablecoins as a Potential Game-Changer At a recent Bloomberg tech summit, Uber CEO Dara Khosrowshahi said the company is actively looking into stablecoins. Not Bitcoin. Not Ethereum. Just the boring, practical kind that are tied to real-world currencies. His reasoning is simple. When a company like Uber operates across 70-plus countries, every international payment comes with currency conversion fees, delays, and administrative overhead. That adds up. Stablecoins could help Uber skip the traditional banking maze and get payments where they need to go instantly. A Simple Solution to a Global Headache Stablecoins like USDC and USDT are designed to track the value of something like the US dollar. They don’t jump up and down in price every time Elon tweets. They work like digital dollars you can send anywhere. Uber could, in theory, pay drivers using stablecoins. Instead of waiting days for a transfer to clear or losing money on exchange rates, drivers in countries like Mexico or India could get paid nearly instantly. That’s good for drivers and suitable for Uber’s balance sheet. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Don’t Expect a Crypto Pivot Khosrowshahi quickly clarified that Uber isn’t jumping into crypto trading or launching its token. This isn’t about investment. It’s about solving a specific business problem using a tool that might be better than they’ve used before. He even joked that while Uber won’t be buying Bitcoin, they do think there’s value in blockchain tools that help with efficiency. That kind of mindset is becoming more common in corporate boardrooms. Legal Questions Still Loom Of course, nothing in crypto is ever simple. The stablecoin market is still under scrutiny. Lawmakers in the US are debating how to regulate them, who gets to issue them, and whether reserves need to be audited or insured. Uber is playing it safe here. They’re watching closely, not acting rashly. That’s probably smart, since stablecoins sit in a legal gray area in many places, and one wrong move could create a mess they don’t need. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Big Tech Is Already Testing the Waters Uber’s not alone in eyeing stablecoins for real-world use. Visa has been running pilot programs. PayPal launched its own USD-backed stablecoin. Shopify is experimenting with blockchain-based payments. Everyone’s trying to solve the same problem: international payments are too slow and expensive. Quiet Innovation With Big Potential Uber’s stablecoin interest isn’t about jumping on a trend. It’s about making payments easier for people around the world. If they pull it off, this might be one of those quiet tech upgrades that make a huge difference without most people noticing. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Uber is exploring the use of stablecoins like USDC and USDT to streamline international payments across its 70+ operating countries. CEO Dara Khosrowshahi says stablecoins offer practical advantages for global transactions, such as speed, reduced fees, and fewer banking delays. The company has no plans to invest in crypto or issue its own token, but sees value in using blockchain for efficiency, not speculation. Regulatory uncertainty remains a concern, with Uber carefully monitoring legal developments around stablecoin issuance and reserve requirements. Other tech giants like Visa, PayPal, and Shopify are also testing stablecoin integrations, highlighting a broader industry shift toward blockchain payments. The post Uber May Use Stablecoins to Cut Costs on Global Transfers appeared first on 99Bitcoins.

Coinbase has found itself in hot water again, but this time it has nothing to do with market volatility or regulators. A data breach affecting tens of thousands of customers has been linked to one of its third-party support vendors in India, according to sources familiar with the matter. No money was stolen in the Coinbase data breach, but the leaked data could be used in phishing scams or identity theft. The Inside Job That Set It Off The breach allegedly began when a support agent working for TaskUs, a global outsourcing company contracted by Coinbase, snapped photos of internal customer service tools. These tools gave the agent access to user data, including names, email addresses, and possibly even transaction histories. That data didn’t stay internal for long. Reports claim it was passed on to external actors, possibly in exchange for money. This wasn’t a one-off incident either. A second agent is suspected to be involved, raising red flags about how widespread the internal abuse may have been. Investigators believe the leak was orchestrated and deliberate, intending to profit off the compromised information. DISCOVER: Top 20 Crypto to Buy in May 2025 Coinbase Responds to the Fallout Once Coinbase became aware of the breach, it terminated its relationship with TaskUs and began taking drastic steps to tighten its customer support operations. The company said it cut off access to several third-party vendors and is now investing in building a fully US-based support team. The breach has impacted around 70,000 users, as disclosed in Coinbase’s filing with the SEC. In a particularly tense twist, the bad actors demanded a $20 million ransom not to leak or sell the data. Coinbase refused, opting instead to cooperate with law enforcement and offer a bounty for information leading to those responsible. How Bad Is It? So far, there’s no public evidence of funds being stolen. But that doesn’t mean the damage is minor. With enough personal information exposed, scammers can run phishing attacks, impersonate Coinbase, or attempt identity theft. Internally, Coinbase estimates the financial cost of the incident could land between $180 million and $400 million. That is a massive hit for any company, let alone one that is already juggling increased regulatory pressure and fluctuating market conditions. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 A Larger Problem for the Crypto Industry Outsourcing isn’t new, especially for companies that operate globally and need customer support around the clock. But incidents like this show the risks of relying on third-party contractors with access to sensitive tools and data. Even one bad actor can unravel a lot when your brand’s entire promise is built around trust and financial security. Coinbase is now being looked at more closely by regulators and users who expect better safeguards. It has promised greater oversight, transparency, and a stronger internal security culture. The Takeaway This breach reminds us that security lapses don’t always come from hackers in hoodies. Sometimes, the threat is sitting behind a customer support dashboard. In an industry built on digital trust, that’s a risk no company can afford to overlook. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways A Coinbase data breach affected 70,000 users after a support contractor in India allegedly leaked sensitive customer data. The breach involved TaskUs employees who reportedly accessed internal tools and shared user data with external parties. Coinbase ended its partnership with TaskUs and is now shifting toward a fully US-based customer support operation. The attackers demanded a $20 million ransom, which Coinbase refused, choosing instead to cooperate with law enforcement. Though no funds were stolen, exposed data may lead to phishing, identity theft, and major financial fallout for Coinbase. The post Coinbase Data Leak Tied to India-Based Contractor, 70,000 Users Affected appeared first on 99Bitcoins.

Thousands of tokens launch every day. Most crash quickly, becoming worthless in time (or all but worthless). So why do people keep investing? Because every now and then, a Lagrange ($LA) comes along. The utility token for the Lagrange Foundation, which aims to support a verifiable AI ecosystem, $LA climbed 560%+ in a few hours after securing listings across major exchanges. The move pushed the token’s market cap over $287M. What went right for $LA, and what does it say about other upcoming projects? Stars Aligned for $LA Launch Lagrange had a few things going for it: Foundational ecosystem: $LA fuels the base layer for an ambitious but detailed technical project (the ZK Prover Network). Strong early interest: Lagrange attracted major early development from the likes of Peter Thiel’s Founders Fund, which provided $13.2M in seed funding. Detailed project design: Tokenomics, fee generation, staking – Lagrange clearly defined how each element worked in the $LA ecosystem. Broad DEX/CEX listing: After the TGE (Token Generation Event), $LA went live on a number of major exchanges, including Coinbase, KuCoin, Bitget, and more. It was a combination of factors, rather than any one thing, that helped push the project up. Crucially, investors seem confident in the long-term outlook for the Lagrange Foundation. When some investors took profits off the initial surge, causing the token to dip, others bought the dip, pushing $LA back up. No two crypto projects are identical, and this goes for their future potential, as well. But we can take some of the basic principles from $LA’s success and apply them to other projects to get a better idea of their chances. And one project – Solaxy ($SOLX) – shows promising similarities to $LA. Solaxy ($SOLX) – Meme-Focused Multichain Token for Groundbreaking Solana Layer-2 Solaxy ($SOLX) might seem like your average Solana meme coin, at least at first glance. But under the surface, Solaxy isn’t just a meme coin – it’s the foundation of the first ever Solana Layer-2, designed to be the foundation of a whole generation of faster-than-ever Solana tokens. It might even become one of the best meme coins in 2025 and beyond. A closer look at the project shows how $SOLX and $LA share some critical features: $LA raised $13.2M in seed funding; $SOLX raised $44.5M in its crypto presale (set to end in 10 days). $LA provided detailed information about technical developments; $SOLX has already launched the Solaxy block explorer and bridge, with full operational status in June 2025. $LA serves to support key ZK products and features; $SOLX offers a blazing-fast blockchain to add to the $56B meme coin market Both $LA and $SOLX are multi-chain tokens; $LA supports Ethereum, Base, Arbitrum, Solana, Optimism, and Polygon, and $SOLX supports Solana and Ethereum Solaxy is working fast, rolling out key features in the techmap to push full deployment of the Layer-2 as soon as possible. There’s only ten days left for investors to get in during the presale. If $SOLX imitates $LA’s climb, this is the lowest the price will ever be, so learn how to buy Solaxy with our guide, and don’t delay. The current token price is $0.001746. Our price prediction shows that it could climb to $0.032 by the end of the year, passing even $LA’s success and delivering 1,735% returns to investors who get in now. Visit the Solaxy presale page. Factors for $LA’s Success Bode Well for $SOLX That 500% price increase was pretty sweet for early Lagrange investors, and who knows how far the $LA token will go? Some of the same factors that contributed to $LA’s big wins look promising for $SOLX as well. Will it be the next 5x token? Never invest in anything without doing your own research; this is not financial advice.

Data shows the 14-day Bitcoin Relative Strength Index (RSI) has dropped into the oversold region. Here’s what this could mean for the asset. Bitcoin RSI Has Breached Below The 30 Mark In a new post on X, analyst Axel Adler Jr has talked about the latest trend in the RSI of Bitcoin. The “RSI” refers to an indicator from technical analysis (TA) that measures the speed and magnitude of changes occurring in any given asset’s price over a specific period. In the current case, the period is 14 days. This metric is generally used for spotting oversold or overbought conditions for the asset. When the RSI is greater than 70, it can be a sign that the price is heating up and may be due a correction to the downside. On the other hand, it being under 30 can imply the asset is becoming underbought. Now, here is the chart shared by the analyst that shows the trend in the 14-day Bitcoin RSI over the last couple of years: As displayed in the above graph, the 14-day Bitcoin RSI has plummeted recently and is now below the 30 threshold. This naturally suggests the cryptocurrency is becoming oversold, at least from the perspective of this indicator. “Other metrics are also showing alerts,” notes Adler Jr. “I think now all conditions are in place to start testing the ATH.” Though, while bullish developments may have occurred on the RSI and other indicators, BTC has actually declined during the past day. On-chain data may provide hints about where the next potential support zone could be located for the asset. As the analytics firm Glassnode has revealed in its latest weekly report, the average cost basis of the short-term holders is located at $97,100. The short-term holders (STHs) refer to the Bitcoin investors who purchased their coins during the past 155 days. The cost basis of this group has often been a relevant level for the cryptocurrency, taking turns as support and resistance. In the chart, the analytics firm has also shown two other levels: the +1 and -1 standard deviation bands. Currently, the latter is situated at $83,200, so it’s possible that if BTC’s bearish momentum lasts for long enough to push it under the STH cost basis, this value could prove significant. However, before this level, there is another on-chain level that could be important. The level in question is part of the Spent Supply Distribution (SSD) Quantiles model, which basically tells us which price levels the investors selling their coins right now initially purchased them. The 0.85 quantile is located at $95,600, which is quite close to the STH cost basis, so a retest of the zone could be a particularly vital one for Bitcoin. BTC Price At the time of writing, Bitcoin is floating around $101,000, down almost 5% in the last seven days.

SUI, one of the leading altcoins of this cycle, has recorded an impressive price recovery over the past two months. However, as the cryptocurrency fails to hold some key levels, some analysts warn of a potential drop below the $3.00 support. SUI Rally Risks Massive Price Drop Since hitting its four-month high of $4.29, SUI’s price has been moving sideways, hovering between $3.40-$4.00 throughout most of May. Amid last week’s market retrace, the altcoin recorded a 14.2% price drop, losing its range and hitting the $3.00 support over the weekend. At the start of this week, SUI saw a mild recovery alongside the rest of the market, surging to the $3.20 area. Nonetheless, the cryptocurrency has failed to hold this level over the past 24 hours and dropped to the $3.10-$3.15 area on Thursday morning. Crypto analyst Carl Runefelt warned that the cryptocurrency’s rally could be in danger as it risks breaking down of a descending triangle pattern. Per the post, the altcoin has been trading within this formation for the past month, also displaying a potential Head & Shoulders setup forming inside of the triangle, and the pattern’s baseline sitting around the $3.10 support. To the analyst, “if it breaks out of this triangle to the downside, then the fall can be very hard,” forecasting a nearly 35% retrace toward the $2.00 mark. On the contrary, a breakout to the upside could propel SUI’s price toward the $4.20 resistance. Analyst Crypto Bullet recently highlighted a “humongous” rising wedge pattern in the cryptocurrency’s chart, which eyes the $8-$10 area as the next major target. According to the chart, SUI has been moving within this pattern since early 2024, hovering between the upper and lower boundaries for over a year. Notably, the cryptocurrency hit the support trendline one more time during the April low, bouncing from this level. Based on this, the analyst considers that the current dip could be “the last opportunity to add to your bags before SUI makes a new ATH.” Can It Repeat Its Late 2024 Playbook? Analyst Rekt Capital noted that SUI was positioned for a bullish Monthly Candle Close in May, aiming to replicate its late 2024 performance. Last year, the cryptocurrency retested the $3.39 level and turned it into support, which acted as a springboard toward its January 2025 all-time high (ATH) of $5.35. This time, May closed below this crucial level, failing to confirm it as support and losing the recent price range. SUI is now “showcasing very early signs of upside wicking into said level to turn it into new resistance.” The analyst warned that June could see the cryptocurrency reject from this level “if things don’t change over the course of this month.” SUI is currently located inside the $2.33-$3.39 price range and is trying to position itself for a reclaim of the Range High to facilitate a breakout. However, it has unsuccessfully attempted to surge to that level, which could send the price toward lower levels if it “continues to float here without covering additional ground.” Therefore, SUI risks dropping 10% toward the $2.81 mid-range area, which acted as support and weak resistance earlier this year, and falling 30% to the $2.33 range low if the previous level doesn’t hold. “If SUI fails to show signs of reclaiming $3.39 as support (at least on the Daily timeframe via Daily Closes above $3.39), then sub-$3 regions could be on the cards,” the analyst concluded. As of this writing, SUI trades at $3.08, a 2.3% decline in the daily timeframe.

TRON (TRX) has experienced relatively stable price movement over the past week, fluctuating within a narrow range between $0.276 and $0.272. At the time of writing, the token is trading at $0.2729, reflecting a weekly decline of approximately 1.5%. However, zooming out reveals a broader uptrend, with TRX gaining nearly 12% over the past month, indicating growing market interest amid a backdrop of increased on-chain activity. An assessment of TRON’s network-level data suggests the blockchain is experiencing a surge in usage. According to a recent analysis published on CryptoQuant’s QuickTake platform by contributor Darkfost, daily transaction volume on the TRON network has crossed the 8 million mark, a notable increase from earlier this year. This growth in network transactions is considered a critical indicator of underlying demand and user engagement, which could influence market sentiment around the asset. Transaction Volume and Address Activity Show Strong Network Engagement Darkfost noted that TRON’s monthly average for daily transactions has seen consistent growth, with recent data showing a roughly 2 million increase in average daily transactions since February. The network is now processing over 8 million transactions per day, marking a more than 30% rise over the past four months. Importantly, a large share of these transactions is occurring outside centralized exchanges, pointing to the growing utility of the blockchain for peer-to-peer transfers and decentralized application (dApp) usage. This shift away from centralized platforms may reflect increased interest in TRON’s native ecosystem services and its competitive yield offerings. As more users interact directly with the network, transaction-based liquidity grows, which can contribute to stronger economic activity across the TRON protocol. Darkfost emphasized that this trend of non-exchange transactions is a positive signal for the blockchain’s real-world usage and investor adoption. TRON Active Address Metrics Reach New Highs In a separate update, CryptoQuant analyst Cryptoonchain highlighted that both the 50-day and 100-day moving averages for active addresses on the TRON network have hit their highest levels to date. This sustained rise in active wallet participation suggests a growing user base that is consistently interacting with the blockchain. While TRX’s price has not fully kept pace with the uptick in address activity, historical trends suggest that increased user engagement often precedes upward price movement. The correlation between active address growth and price performance continues to be an area of interest. With momentum building across multiple on-chain indicators, there is a likelihood that TRON may be positioned for further gains if current trends hold. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has barely moved in the last week, but other signs point to growing activity on the network. On June 5, Bitcoin traded around $104,300, down 0.50% in 24 hours and off 2.5% over the past seven days. Yet data shows more people are joining the network, and more coins are being passed around. Wallet Creation Jump According to Santiment, on May 29 nearly 557,000 new wallets appeared. That was the highest number since December 2023. It means thousands of people are opening wallets even though price has stayed just under $105,000. People normally open new wallets to send and receive bitcoins but they somehow come across the idea through new sources, increased talks among friends or create simple curiosity. In any case, an increased wallet holding indeed indicates a much wider usage. Increased Token Movement On June 2, over 241,360 BTC changed hands. This was deemed the busiest day since December 2024. Reports from Santiment suggest that high coin turnover usually coincides with increased traffic. Traders might be moving coins in and out of exchanges, or investors could be shifting wallets. Big swings in daily token movement can point to a shift in sentiment—people either getting ready to buy or sell. Right now, it mostly looks like more users are sending coins to each other, which keeps the network busy even when price sits still. Big Holders Step In Data from IntoTheBlock shows that large holders—often called “whales”—are stocking up. Their coin inflows jumped by 145% over the last seven days, and by 214% over the past 30 days. When big players load up, it can tighten supply on exchanges. That makes it tougher for new buyers to get in without driving price higher. If whales keep buying at this rate, it could lead to more upward pressure on price once everyday investors step in again. Mid Tier Investors Buy It’s not just the really big holders adding coins. Wallets holding between 10 and 10,000 BTC added more than 79,000 BTC in just one week. That means these mid-tier holders picked up around 11,320 BTC per day on average. As of June 2, they held over 13 million BTC in total. When both big whales and these mid-level holders keep stacking, it further cuts down the number of coins floating on exchanges. Fewer coins available often mean any shift in demand could move price more. Featured image from Imagen, chart from TradingView

Dogecoin started a fresh decline from the $0.20 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.180. DOGE price started a fresh decline below the $0.1880 and $0.180 levels. The price is trading below the $0.1850 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1880 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh decline if it declines below the $0.1680 zone. Dogecoin Price Dips Below Support Dogecoin price started a fresh decline after it failed to clear the $0.20 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1920 and $0.1880 levels. The bears even pushed the price below the $0.1750 level. A low was formed at $0.1687 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.2005 swing high to the $0.1687 low. Dogecoin price is now trading below the $0.1850 level and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.1880 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1760 level. The first major resistance for the bulls could be near the $0.1840 level. It is close to the 50% Fib retracement level of the downward move from the $0.2005 swing high to the $0.1687 low. The next major resistance is near the $0.1880 level. A close above the $0.1880 resistance might send the price toward the $0.20 resistance. Any more gains might send the price toward the $0.2050 level. The next major stop for the bulls might be $0.2120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1850 level, it could start another decline. Initial support on the downside is near the $0.1685 level and the trend line. The next major support is near the $0.1650 level. The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1350 level or even $0.1320 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1680 and $0.1650. Major Resistance Levels – $0.1760 and $0.1880.

A provocative claim by crypto researcher “Darkhorse” has reignited debate over whether Ripple Labs is quietly sidestepping a federal court injunction through a newly disclosed $300 million XRP treasury vehicle involving Asia-based mobility firm Webus International Ltd. “This new treasury setup allows @Ripple to bypass the injunction legally and cleanly,” Darkhorse declared in a post on X dated June 4. He contends that Ripple has found “the only route left by the Judge” by using an institutional structure that moves XRP through regulated intermediaries instead of selling it directly to investors. “It’s not just clever,” he wrote. “It’s compliant by design.” The setup in question was revealed in a recent Form 6-K filing by Webus, which outlined the creation of an XRP Treasury to be managed by Samara Alpha, an SEC-registered investment adviser. The program delegates full control of up to $300 million in XRP to Samara under a phased, regulated structure. While the filing stops short of stating where the XRP will come from, Darkhorse argues the intent is clear: Ripple can legally sell XRP to an SEC-facing intermediary like Samara, which then allocates it to a corporate client like Webus — all without violating the standing injunction. “Ripple is enjoined from direct institutional sales without SEC clearance,” Darkhorse explained. “The workaround? Sell to regulated intermediaries (like Samara on behalf of Webus) with treasury agreements that are SEC-transparent and non-retail facing. It’s structured — not casual.” Is Ripple Bypassing The XRP Injunction? Veteran XRP commentator Jay Nisbett pushed back. “I just don’t see any of this as clever or bypassing anything — it’s just adoption,” he replied. Nisbett asserted that Ripple and Webus are not partners, that Webus is simply acquiring XRP like any other participant on the secondary market, and that the asset itself “has been ruled to be not a security in this context.” He added that holding XRP on a balance sheet isn’t the same as triggering a securities transaction. Darkhorse issued a sharp rebuttal. “You’re missing the mechanism,” he told Nisbett, laying out his argument in four parts. First, he emphasized that Webus did not just announce an intent to buy on the open market. “Webus filed via Form 6-K to publicly document a $300M XRP Treasury but not to simply buy on open markets. They delegated management to ‘Samara Alpha,’ an SEC-registered investment adviser, under a phased, regulated structure.” Second, he argued that the core issue is Ripple’s inability to sell directly to institutions, which is where the intermediary comes in. “This structure is about creating compliant distance,” he wrote. “It’s not Ripple handing XRP to an investor — it’s routing via an SEC-registered manager who takes custody and executes under regulatory supervision.” Third, Darkhorse disputed Nisbett’s assertion that there’s no relationship between Ripple and Webus. “Check RippleNet corridors and prior Asia-Pacific mobility pilot cases,” he wrote. “Their ties to Ripple’s network and XRPL liquidity routes go back years. Just because it wasn’t front-page news doesn’t mean it didn’t happen.” Finally, he challenged the notion that Webus’s XRP holdings are merely passive. “ ‘Just holding on balance sheet’ is not automatic exemption,” he argued. “This is treasury deployment, not idle custody. The fact that Webus structured this through a delegated SEC-facing manager says they do consider XRP institutional risk a legal factor.” He concluded bluntly: “This isn’t Ripple dumping tokens on exchanges. It’s creating institutional conduits that comply while navigating around the injunction bottleneck.” Despite the detailed structure and SEC-facing components, Nisbett remained unmoved. “No I get what you’re saying… I just disagree in that mechanism being an unexpected event,” he wrote. “It’s just a natural maturation of the market and the market reacting to legislation hurdles as the market always has and will.” With Ripple still bound by Judge Torres’s 2024 permanent injunction — which prohibits direct institutional XRP sales unless registered — the debate hinges on whether the Webus structure constitutes indirect circumvention or lawful evolution. The SEC has yet to comment, and the court recently denied the parties’ request to vacate the injunction, calling it “procedurally improper.” At press time, XRP traded at $2.1989.

XRP price started a fresh decline below the $2.20 zone. The price is now consolidating and might aim for a recovery wave above the $2.120 resistance. XRP price started a fresh decline below the $2.20 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.120 resistance zone. XRP Price Dips To Support XRP price failed to gain pace for a move above the $2.220 level and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.2150 and $0.2120 levels. Besides, there was a break below a key bullish trend line with support at $2.192 on the hourly chart of the XRP/USD pair. Finally, the price tested the $2.050 zone. It is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.150 level. The next resistance is $2.1750. It is near the 50% Fib retracement level of the downward move from the $2.281 swing high to the $2.056 low. A clear move above the $2.1750 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.2420 in the near term. The next major hurdle for the bulls might be $2.250. More Losses? If XRP fails to clear the $2.15 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.020 level. If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.050 and $2.020. Major Resistance Levels – $2.120 and $2.150.

On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the “Coin Days Destroyed” (CDD) indicator for Solana. A ‘coin day’ is a quantity that one token of the asset accumulates after having stayed dormant (that is, not being involved in any transaction activity) for one day. When a token carrying some number of coin days is moved, its coin days counter resets back to zero, and the coin days that it was carrying are said to be ‘destroyed.’ The CDD measures the total number of coin days being reset in this manner across the network. When the value of this indicator registers a spike, it means dormant coins are potentially on the move. Generally, this kind of trend is a sign of transaction activity from the long-term holders (LTHs). The LTHs are resolute entities who tend to hold for long periods, so they naturally hold a large number of coin days. As such, transfers from them usually result in the destruction of a significant number of coin days. Now, here is the chart for the Solana CDD shared by the analytics firm that shows the trend in its value during the past few months: As displayed in the above graph, the Solana CDD has observed a large spike recently, suggesting the LTHs have made some transactions. In total, this spike involved the destruction of a massive 3.55 billion coin days. From the chart, it’s visible that the indicator has seen only two spikes of a greater scale in 2025 so far. February 26th recorded a CDD value of 5.53 billion, while March 3rd saw a value of 4.64 billion. The LTHs usually only break their silence when they want to participate in selling, so movements from them can sometimes spell trouble for the cryptocurrency’s price. Large spikes like these can especially be worth taking note of, as they can point toward a possible shift in holder conviction . The aforementioned two larger spikes occurred one after the other, with a third, slightly smaller-scale spike following later in March. Therefore, it’s possible that more than a couple of diamond hands lost their belief during that period. It now remains to be seen whether the latest Solana CDD spike would also be followed up by another, or if this was just a one-off event. SOL Price At the time of writing, Solana is trading around $153.9, down more than 10% in the last week.

Ethereum price started a fresh decline below the $2,550 zone. ETH is now showing a few bearish signs below the $2,500 pivot level. Ethereum started a fresh decline below the $2,550 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break below a key rising channel with support at $2,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it trades below the $2,400 support zone in the near term. Ethereum Price Consolidates Losses Ethereum price started a fresh decline after it failed to surpass $2,650, like Bitcoin. ETH price declined below the $2,565 and $2,550 support levels. Besides, there was a break below a key rising channel with support at $2,610 on the hourly chart of ETH/USD. The pair even dipped below the $2,500 support level. A low was formed at $2,394 and the price is now consolidating losses. Ethereum price is now trading below $2,500 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,460 level. It is close to the 23.6% Fib retracement level of the downward move from the $2,680 swing high to the $2,394 low. The next key resistance is near the $2,500 level. The first major resistance is near the $2,540 level. It is close to the 50% Fib retracement level of the downward move from the $2,680 swing high to the $2,394 low. A clear move above the $2,540 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,650 resistance zone or even $2,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh decline. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,380 zone. A clear move below the $2,380 support might push the price toward the $2,350 support. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,500

Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level. Bitcoin started a fresh decline below the $104,000 zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it breaks the $100,500 support zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline and traded below the $104,500 support zone. BTC even settled below the $104,200 level to enter a short-term bearish zone. Besides, there was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair. Finally, the pair tested the $100,500 support zone. A low was formed at $100,400 and the price is now consolidating losses. There was a move above the $101,500 level. BTC tested the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low. Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,200 level. The next key resistance could be $103,600. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low. A close above the $103,600 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance level. Any more gains might send the price toward the $105,000 level. More Losses In BTC? If Bitcoin fails to rise above the $103,200 resistance zone, it could start another decline. Immediate support is near the $101,200 level and the trend line. The first major support is near the $100,500 level. The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,500 support in the near term. The main support sits at $97,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $101,200, followed by $100,500. Major Resistance Levels – $102,000 and $103,600.

Russia’s main exchange. the Moscow Exchange, has started offering Bitcoin futures contracts. This is one of the biggest moves yet in the country’s slow but steady opening to cryptocurrencies. According to market insiders, these new contracts track the price of the BlackRock Bitcoin ETF, which has gathered over $72 billion in assets. Trades will be priced in US dollars per lot, while settlements will happen in Russian rubles. This setup lets local traders tap into Bitcoin’s price swings without touching foreign crypto platforms. Quarterly Contracts Linked To IBIT These Bitcoin futures will come out every three months, with the first batch due to expire in September 2025. Based on reports, only qualified investors will be allowed to trade on the MOEX. That means big banks, funds, and other approved financial groups can take part. Ordinary investors won’t get in on these deals. The Bank of Russia gave the green light in May 2025 for such products, but it still warns most firms to steer clear of direct crypto deals. The idea seems to be to let big players handle the risk in a controlled way. Local Settlements Keep Risk In Rubles Moscow Exchange decided to price the contracts in US dollars. However, when it’s time to settle, everything happens in rubles. This approach protects Russia from sudden swings in foreign markets. A trader can lock in a deal based on Bitcoin’s value in dollars, yet get paid in their home currency. It’s a setup that keeps money inside Russia even as it ties to a global crypto product. Some analysts see this as a smart middle ground. It lets Russia join the international cryptocurrency scene but without depending on overseas platforms. Bank Of Russia’s Cautious Stance Behind the scenes, the central bank is still cautious. It approved crypto-linked derivatives for qualified investors, but it hasn’t opened the door for everyone. Most banks and investment firms are told not to put their clients into direct Bitcoin trades. Instead, they can offer tools like these futures if they qualify. This reflects a watchful stance on digital assets. Authorities acknowledge the lure of big profits, but they also want to avoid big losses. By keeping access limited, they hope to keep any trouble contained. Sberbank’s New Bitcoin-Linked Bonds Meanwhile, Sberbank, the country’s biggest bank, is working on its own crypto-based product. Soon, select clients will be able to buy structured bonds tied to Bitcoin’s price. These bonds will also trade in rubles and won’t require a crypto wallet. That way, people can bet on Bitcoin without opening accounts on foreign sites. Featured image from Lonely Planet, chart from TradingView

XRP’s price action is currently exhibiting a back-and-forth pattern around $2.20, but an interesting technical analysis suggests it may soon leave this price level. A chart analysis posted by a crypto analyst on the social media platform X has given an interesting projection about XRP’s next move. By overlaying XRP’s current weekly chart with its explosive 2017 fractal, the analyst hints that the altcoin might be on the verge of a repeat performance that sends it far beyond its current price range. 2017 XRP Fractal Overlaid Technical analysis of XRP price action on the weekly timeframe reveals an interesting pattern that has been unfolding over multiple weeks. This interesting pattern began with the intense XRP price rally in Q4 2024, which eventually ended in a consolidation around $2, as seen in the current price action. This, in turn, has led to the formation of a flag pattern that is still playing out. The core of the analyst’s technical analysis lies in the uncanny resemblance between XRP’s present market structure and the bullish pattern that preceded the historic 2017 rally. As such, the analyst overlaid the 2017 fractal onto the current price action, revealing a formation that mirrors a giant bull flag, which is often interpreted as a technical continuation pattern. The analysis also places into focus XRP’s ongoing interaction with the 50-week exponential moving average (EMA) on the weekly candlestick timeframe. Back in 2017, this level acted as a support base for XRP’s vertical breakout. Now, the current pattern shows the cryptocurrency is once again consolidating directly above this moving average, which the analyst describes as the foundation of a giga bull flag. The resemblance doesn’t stop at price structure. The analyst also draws attention to the RSI behavior. Back in 2017, the RSI entered a flat compressed zone between two spikes on the weekly timeframe, a pattern that appears to be repeating today. The first RSI peak has already formed, and the current flattening phase suggests a possible second spike may soon follow, which could correlate with a breakout in price if the fractal stays valid. What To Expect If 2017 Fractal Plays Out Again? The implications are exciting if XRP follows the same trajectory as it did in 2017. The overlay suggests a price rally beyond $20, which would represent the biggest rally so far in XRP’s price history. The projected move would take XRP far beyond its 2018 all-time high of $3.40 and establish a new price floor above double digits for the cryptocurrency. This projection aligns with other projections in similar technical analyses from other cryptocurrency analysts. At the time of writing, XRP is trading at $2.2, down by 2,3% in the past 24 hours. Whether or not XRP follows the 2017 pattern exactly remains to be seen, but the similarities in price behavior, RSI compression, and EMA support are difficult to dismiss.

Bitcoin’s price continues to show signs of consolidation following its all-time high of over $111,000 recorded in May. At the time of writing, the asset is trading at $104,851, down 0.3% in the past 24 hours and roughly 6.3% below its recent peak. This period of relative price stability comes amid cautious sentiment across the broader crypto market, as analysts examine whether the current bull cycle is beginning to shift gears or simply experiencing a temporary pause. CryptoQuant contributor Crypto Dan has released a comparative analysis of current and past market cycles, noting several distinct behaviors in Bitcoin’s recent price action. Drawing parallels to the bull runs of 2017 and 2021, Dan suggests that while similarities exist, the current cycle has developed unique characteristics. These changes could signal a different structure in how the market plays out, particularly in terms of timing and investor participation. Comparing Bitcoin Cycles: 2024–2025 Diverges from Historical Patterns According to Dan, previous cycles saw more predictable corrections and rallies. In 2017, Bitcoin experienced relatively short corrections before entering a prolonged rally that concluded in late December of that year. The 2021 cycle, affected early on by the COVID-19 pandemic, featured a longer initial correction before a strong upward surge. In both cases, once Bitcoin gained momentum, corrections became less frequent and shorter in duration. The current cycle, spanning 2024–2025, has so far been marked by alternating strong rallies and sudden declines, often occurring over short timeframes. These patterns have dampened broader market sentiment, particularly during periods when altcoins significantly underperformed Bitcoin. Dan posits that these repeated pullbacks may not be purely organic. Instead, they could indicate intentional suppression by large players aiming to extend the cycle’s duration and prevent overheating. If this interpretation holds, the bull cycle could end not with a gradual fade, but a sharp spike driven by euphoric buying behavior. Retail Activity Declines as Institutions Drive Market Structure A separate analysis by CryptoQuant’s Burak Kesmeci focuses on the behavior of retail investors since Bitcoin hit its $111,000 high in late May. Data shows that retail transfer volumes, transactions valued between $0 and $10,000, have decreased from $423 million to $408 million. Additionally, the 30-day change in retail demand has slipped into negative territory, shifting from +5 points to -0.11 points. This reduction in retail activity suggests that smaller investors remain sensitive to short-term volatility, stepping back in response to recent price corrections. Kesmeci argues that for the bull cycle to sustain momentum, consistent participation from retail segments is crucial. At present, institutional interest appears to be the primary source of demand. The divergence between these two investor classes may shape how the next leg of Bitcoin’s market cycle develops. Featured image created with DALL-E, Chart from TradingView

Namib Minerals will make its debut on the Nasdaq exchange this Friday, June 6, following the completion of its merger with US-based blank check company Hennessy Capital Investment Corp. VI. (HCVI). As previously disclosed, it will trade under the ticker symbol “NAMM”. In June 2024, HCVI announced its plans to acquire Namib and create an established gold producer based in Africa. The purchase consideration comprised 50 million Namib ordinary shares, with a pre-money enterprise value of $500 million. An additional 30 million shares valued at $300 million are issuable once certain milestones are achieved. With an implied pro forma combined enterprise value of $609 million, the proposed transaction represents the largest SPAC (special purpose acquisition company) deal involving an African company. The deal has since received all necessary approvals, including those by shareholders of HCVI as well as Greenstone Corp., an affiliate of Namib and its co-registrant with the SEC. Moving forward, Namib’s management team will lead the combined business, which has three gold mining assets located along the Bulawayo greenstone belt of southern Zimbabwe. The How mine is currently the only one in operation. According to the company, How represents a high-grade, cash-generating gold asset that has been in production since the early 1940s. Proceeds of the transaction are expected to fund upgrades at the mine, as well as the proposed restart of the Mazowe and Redwing mines. In addition to the Zimbabwe mine assets, the company also holds exploration permits in the Democratic Republic of Congo, targeting copper and cobalt resources.

Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash Ribbons indicator is now flashing a fresh buy signal, suggesting that the top cryptocurrency may be gearing up for its next upward move. Bitcoin Hash Ribbons Flash Buy Signal According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin’s Hash Ribbons are signalling a potential prime buying opportunity for the leading digital asset. This signal coincides with Bitcoin’s hashrate reaching new all-time highs (ATH). For the uninitiated, Bitcoin Hash Ribbons is an on-chain indicator that analyzes miner stress by comparing the 30-day and 60-day moving averages of Bitcoin’s hashrate. When the short-term average crosses above the long-term average after a period of decline, it signals that miner capitulation is ending – often marking a strong long-term buying opportunity. Such signals can emerge when mining becomes unprofitable for certain miners, forcing them to sell their BTC holdings to stay afloat. These sell-offs may temporarily pressure the price, but historically they have created attractive long-term buying opportunities. In their analysis, Darkfost notes that while the current signal is bullish from a long-term perspective, it could lead to a short-term pullback in BTC price. However, he emphasizes that any dip should be viewed as a chance to accumulate. Darkfost also pointed out that the Hash Ribbons indicator has historically been reliable, with the exception of 2021 during the China mining ban. They shared the following chart illustrating how the indicator is currently showing a strong buy signal. Is BTC Headed For A Crash? While the Hash Ribbons suggest a favorable long-term setup, some analysts warn that the short-term correction could be deeper than expected. For instance, crypto analyst Xanrox used the Fibonacci levels to forecast that BTC may tumble as low as $98,000. Similarly, analyst Jelle noted that Bitcoin may face “one last speed bump” before launching a major rally to $140,000. Meanwhile, more pessimistic voices continue to warn of a dramatic crash, with some speculating that BTC could fall below $10,000 – a view seen as increasingly unlikely by most market participants. Despite the varying predictions, fresh on-chain data points to a healthy BTC market in the near to medium term. For instance, CryptoQuant contributor Amr Taha recently highlighted that the derivatives market has undergone a reset, with funding rates stabilizing around neutral levels. Similarly, Fundstrat’s Head of Research, Tom Lee foresees BTC surging to as high as $250,000 by the end of the year. At press time, BTC trades at $105,367, up 0.5% in the past 24 hours.

Maxus Mining (CSE: MAXM | FRA: R7V), announced Thursday it has entered into a Property Option Agreement to acquire a 100% interest in one tungsten & three antimony exploration properties in British Columbia which cover 4,122 hectares. The antimony projects, Quarry, Hurley and Altura cover approximately 3,700 hectares of terrain and the Lotto tungsten project covers 422 hectares. The Quarry property is exposed in a limestone rock quarry located on the north side of Osilinka River, about 46 kilometres northwest of the community of Germansen Landing. The Quarry showing is exposed in a limestone rock quarry and consists of the minerals sphalerite, galena, cerussite, chalcopyrite, boulangerite, malachite, azurite, and stibnite. One sample in 1991 assayed 20% Sb, 0.89 gram/tonne Ag, 3.8% Cu, 42.5% lPb, and 0.65 gram/tonne Au. Grab samples retrieved in 1954 yielded assays which averaged 83.5% Pb and 1576 g/t Ag. The site offers reliable, year-round access providing support for ongoing exploration initiatives, the company said. The Lotto tungsten project lies within the Kootenay region and Trail Creek Mining Division of British Columbia, a prolific mineral district known for its resource potential and well-developed infrastructure that support sustained exploration activity. Lotto contains the Lotto 3 showing which consists of scheelite (tungsten mineral) mineralization within a 9-meter-wide quartz vein exposed along a highway roadcut. A selected grab sample taken in 1980 from a quartz vein with scheelite assayed 10.97% Wo3, according to the company. The Hurley antimony project is 10 kilometres east of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold, Maxus said. The adjacent Reliance gold project reported intervals that include 19.2% Sb and 2.16 g/t Au over 0.5m encountered during the 2024 drilling campaign. The Altura antimony project is positioned on the western area of Dolly Varden Mountain, roughly 29 kilometres northeast of New Denver, British Columbia – an area recognized for its strong antimony mineral potential. The property consists of a persistent quartz vein carrying disseminated pyrite and argentiferous tetrahedrite and minor stibnite and chalcopyrite. “By diversifying our portfolio to include minerals essential for emerging technologies and the future of energy, we are uniquely positioned to capitalize on these evolving markets,” CEO Scott Walters said in a news release.

Log in to today's North American session recap - June 5, 2025 Today's session was marked by volatile reactions from the Trump and Xi Jinping discussions as stock indices went from green to red. The Nasdaq which was leading on the way up (+0.76% around 11:00) is now leading on the way down - the index is down 1.10%, with Equity markets selling the news. It seems that traders expected more from the anticipated Trump-Xi call, as the positive mood built up towards these headlines. There was also some much expected profit taking before tomorrow's key data releases. The European Central Bank also cut rates by 25 bps to 2% on their Deposit Rate, with Christine Lagarde implying that the ECB's cut cycle is close to its end. For Economic Data release, US Jobless Claims are above expectations for the second straight week coming at 245K vs 235K expected - something to keep in check for the upcoming weeks. 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.

Three publicly traded companies are moving to hold XRP as part of their cash stash, putting real money behind their crypto bets. Webus International wants to set aside $300 million in XRP. VivoPower plans to use roughly $121 million. Wellgistics Health has earmarked $50 million. This marks a shift in how some firms think about keeping reserves, and it could change how they handle payments down the road. Webus International Plans Huge Reserve According to filings with the US Securities and Exchange Commission, Webus International aims to raise $300 million through non-equity funding. The company will tap its existing cash, credit lines backed by institutions, and support from shareholders. Once the money is in hand, Webus intends to buy XRP and hold it as part of its treasury. The plan comes with a partner: Samara Alpha Management. Webus says the altcoin will help the firm with global payment services. They think it can move value quickly across borders, and this treasury could back that. VivoPower’s XRP Ambition Based on reports, VivoPower is setting aside about $121 million to build its own XRP stash. The public announcement highlights a recent private placement led by Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia. Most of the $121 million raised will go straight into the coin. VivoPower even wants to rebrand itself as the world’s first company focused on XRP. That’s a bold goal for a firm listed on Nasdaq. If everything goes to plan, XRP would play a big role in how VivoPower manages money and transactions. Wellgistics Health Joins Trend Wellgistics Health, a healthcare company you might not expect to dive into cryptocurrency, has its own $50 million set aside for XRP. The cash came in last month and is meant for PX (purchase and hold XRP) and to use XRP for real-time payments. Wellgistics says it wants to cut out delays and fees that come with old‐school payment methods. By sending and receiving XRP, the company believes it can move money faster when it pays vendors or gets paid by customers. It’s a sign that even outside tech or finance, firms see value in holding crypto. Growing Interest Among Firms This trio isn’t alone. In December, Worksport said it would buy both XRP and Bitcoin, using 10% of its operating cash to build reserves. More recently, Ault Capital Group pledged $10 million to XRP this year to boost its move into financial services. On top of that, the US government mentioned XRP as one of the assets it might add to a digital asset stockpile. That’s a signal to private companies that holding XRP is worth a look. Featured image from Unsplash, chart from TradingView

Dogecoin’s open interest is in focus, with this crucial metric highlighting the amount of interest that the top meme coin is getting at the moment. This comes as DOGE continues to struggle below the psychological $0.2 level, providing a bearish outlook for the meme coin. Dogecoin Open Interest Averages $2 Billion In June Coinglass data shows that Dogecoin open interest (OI) has been hovering around $2 billion since the start of this month. This represents a drop from the open interest recorded in May. DOGE’s OI had climbed to as high as $3.07 billion on May 11 as the meme coin’s price surged to $0.25. This drop in Dogecoin open interest can be attributed to the drop in DOGE’s price since then. The meme coin began the month below the psychological $0.2 level, which has sparked bearish sentiments. Open interest refers to the amount of interest in the derivatives market for a particular asset. As such, a drop in this metric is usually bearish. However, it is worth mentioning that the Dogecoin open interest is still above the monthly average recorded in March and April, during the period when the Trump tariffs caused crypto assets to tumble. Back then, DOGE dropped to as low as $0.14 and was at risk of losing its bull market structure. Crypto analyst BitMonty expects DOGE to bounce back amid this drop in the Dogecoin open interest. In an X post, he said the meme coin is testing the 0.618 Fib retracement and the lower boundary of a falling wedge. He added that this is a high confluence bounce zone, and reversal signs could spark a breakout move soon. BitMonty predicts that DOGE could rally to as high as $0.26420 on this bounce. DOGE Setting Up For A Bullish Reversal In an X post, crypto analyst Trader Tardigrade indicated that the Dogecoin price may be setting up for a bullish reversal. He revealed that DOGE is returning to the previous swing low, while the RSI shows a higher low. The analyst noted that this could lead to a bullish divergence, indicating weakened selling momentum and early signs of a potential reversal to the upside. In another X post, Trader Tardigrade stated that Dogecoin is expected to experience a significant surge before entering a prolonged falling wedge pullback. Interestingly, his accompanying chart showed that the meme coin could rally to as high as $30. However, this price surge isn’t expected to happen in just this market cycle alone, with the chart highlighting 2029 as the target year to reach this price level. At the time of writing, the Dogecoin price is trading at around $0.18, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Ethereum had a rough beginning of 2025—failing to reach new all-time highs, while Bitcoin smashed through its own ATH multiple times. Solana, providing a cheaper alternative to ETH services, also held stronger than the Ether throughout the latter part of 2024 and beginning 2025. ETH performance is key to the overall crypto market performance; the past Altcoin cycles have always been led by ETH performance over BTC. ETH/BTC is a great cryptocurrency spread for a crypto trader to spot relative performance, provide a direction for which crypto to choose, and track the appetite for altcoins. Through this Crypto Market Update, you will see how ETH/BTC rising helped altcoin bull-runs in the past cycle, something that many crypto traders have been awaiting and is yet to materialize again. 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.

“PEPE is showing strength after a clean breakout above the key resistance zone,” UniChartz shared in a recent post on X, highlighting a decisive shift in the meme coin’s short-term momentum. The breakout reflects renewed buying pressure as the price pushed beyond a major barrier that had previously capped upside moves. PEPE Finds Its Footing at Strong Confluence Zone The analyst further noted that PEPE is now “in the process of retesting that breakout level,” calling it “a classic bullish confirmation if the zone holds.” This retest phase is a critical moment; if bulls successfully defend the newly formed support zone, it could open the door for another leg higher. Overall, the price action suggests that bullish momentum is building, with the current consolidation acting as a potential launchpad for the next move upward. According to UniChartz, PEPE’s price action continues to respect a well-established rising trendline, which has acted as reliable dynamic support over the past few months. This trendline has been tested on multiple occasions, each time resulting in a bullish reaction, a strong indication that buyers are stepping in during these retests. Furthermore, this diagonal support aligns closely with a key horizontal demand zone, forming a critical confluence that strengthens the overall bullish structure. As long as PEPE stays above these intersecting support levels, the market structure remains tilted in favor of the bulls. The price consolidating in this region suggests a potential accumulation phase, where market participants are preparing for the next move. Should PEPE bounce strongly from this confluence area, it could mark the beginning of a renewed upward leg, potentially attracting fresh buying interest and reinforcing positive sentiment. Such a move would confirm the trendline’s significance and validate PEPE’s ability to maintain its medium-term uptrend amid broader market uncertainty. Volume Supporting The Bullish Shift According to Whales_Crypto_Trading, PEPE has broken out of its descending channel with impressive volume, signaling a potential shift in momentum for the meme coin. PEPE’s breakout was backed by a notable surge in trading activity, indicating strong interest from market participants and potentially the involvement of larger players. The analyst emphasized that if the current retest of the breakout zone holds, it may act as a launchpad for further upside in the upcoming weeks. This kind of technical retest, when supported by volume, often serves as a validation of trend reversal and reinforces bullish sentiment.