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Metals investor Cobalt Holdings has dropped plans of an initial public offering on the London Stock Exchange, dashing investor hopes of what would’ve been the biggest mining IPO since 2022. The company previously aimed to raise as much as $230 million through the offering and use most of the funds to buy 6,000 tonnes of physical cobalt from Glencore (LON: GLEN) at a discount. The IPO launch represents Cobalt Holding’s strategic play to capitalize on a struggling market that has been in three consecutive years over oversupply despite healthy demand, which drove the metal’s price down by 75% over the past three years. The company, headed by mining entrepreneur Jake Greenberg, is betting the cobalt market to turn around, and believes the purchase of physical cobalt offers investors direct exposure to the battery metal without the risks associated with mining operations. According to Benchmark Mineral Intelligence, the volume from the Glencore purchase would represent about a third of the projected global cobalt surplus in 2025, and one-sixth of the previous year’s. “We believe now is the right time to build a strategic stockpile of cobalt,” Greenberg said in a filing ahead of the planned IPO. As part of the cobalt purchase arrangement, Glencore had agreed to buy about 10% of the shares to be offered in the IPO. Investment firm Anchorage Capital was expected to acquire a 9.5% stake, committing to supply up to 1,500 tonnes of cobalt in 2031. No reason cited On Wednesday, Cobalt Holdings did not give reasons for the U-turn after pricing its shares at $2.56 each last week. The IPO would have been the largest on the London exchange since Ithaca Energy’s (LON: ITH) $300 million raise in late 2022. As of April 2025, Glencore holds the record for the largest all-time IPO on the London Stock Exchange. It debuted in May 2011 with an opening price of £36.34 billion. Other notable IPOs in London include Kazatomprom’s (LON: KAP), the world’s largest uranium producer, which debuted in November 2018. Around the same time, another uranium producer, Yellow Cake (LON: YCA) — also founded Greenberg — was listed in London.

Ethereum is showing impressive resilience as it continues to hold above critical levels despite ongoing market volatility. While Bitcoin struggles to break past its all-time highs, ETH remains stable, maintaining bullish structure and fueling hopes for a broader altcoin rally. Analysts across the market are eyeing a potential altseason, with Ethereum expected to lead the charge once it clears major supply zones. However, the spotlight is shifting to a less discussed but highly significant chart—ETHBTC. According to top analyst Daan, the ETHBTC pair has been consolidating in a tight range between 0.022 and 0.026 since the last squeeze. This consolidation suggests a period of accumulation and reduced volatility, but it also acts as a crucial signal for altcoin momentum. If ETHBTC breaks above the 0.026 resistance level, Daan suggests it could trigger a temporary but powerful rally in ALT/BTC pairs. Sectors closely tied to Ethereum—such as DeFi protocols, ETH-based memecoins, and Layer 2 ecosystems—could benefit most from such a move. Until then, investors are closely monitoring ETH’s performance relative to BTC, as it remains one of the most reliable indicators of capital rotation within the crypto market. ETHBTC Chart Becomes Key to Altseason Outlook Ethereum is currently trading at a pivotal range, with investors closely watching for a breakout that could lead to new highs and potentially ignite the long-anticipated altseason. Despite global tensions and continued macroeconomic uncertainty—particularly surrounding the aggressive and unstable Bond market—ETH has remained relatively strong. Bulls are optimistic, viewing the current consolidation as a healthy pause before the next leg up. One of the most important signals for altcoin momentum is not found on the USD chart, but in the ETHBTC pair. Daan points out that Ethereum’s price relative to Bitcoin has been consolidating between the 0.022 and 0.026 BTC range since the recent squeeze. This range now acts as a pressure point for the market. A breakout above 0.026 would likely catalyze a surge in altcoin strength, especially among Ethereum-related assets like DeFi protocols, ETH-based memecoins, and Layer 2 solutions. However, Daan warns that if ETHBTC drops below 0.0224, it could signal weakness for alts relative to BTC. It’s important to remember that ALT/BTC pairs can fall even if altcoin USD prices rise, particularly during aggressive BTC rallies. The same applies in reverse. For now, ETH’s position in this range remains one of the most telling signs of where the broader crypto market might head next. Ethereum Faces Resistance As Bulls Attempt Breakout Ethereum (ETH) is currently trading around $2,640, showing signs of strength after holding its ground above the $2,500 mark. On the daily chart, ETH is forming a clear consolidation pattern just below a key resistance zone defined by the 200-day moving average (currently at $2,676). This level has repeatedly capped price action over the past few weeks, signaling strong supply pressure in this area. Despite the lack of a decisive breakout, Ethereum is maintaining a bullish structure with higher lows and consistent volume support. The 34-day EMA has turned upward and currently sits at $2,418, providing dynamic support and reinforcing the short-term uptrend. If ETH can reclaim the 200-day SMA and push above $2,700, a broader rally could follow, potentially opening the path toward $3,000 and beyond. On the downside, if price fails to break this resistance and sellers take control, immediate support lies near $2,500, followed by stronger demand around $2,350–$2,400 where the 50- and 100-day SMAs converge. For now, Ethereum remains in a balanced state, showing resilience, but still needs a strong catalyst to overcome the technical ceiling that continues to stall upward momentum. Featured image from Dall-E, chart from TradingView

Hudbay Minerals (TSX, NYSE: HBM) said on Wednesday it has temporarily suspended operations in Manitoba due to surging wildfires throughout parts of the province. The suspension follows a precautionary early evacuation notice issued for the town of Snow Lake, where the Canadian miner operates an underground polymetallic mine with over 1,100 employees. According to Hudbay, the early evacuation positions the company well for a safe return to full operations once conditions permit. Only essential personnel, authorized by emergency services, will remain in Snow Lake to assist with emergency activities, it added. In addition to assisting the firefighting efforts, the company has also committed C$1 million in financial relief for its employees and set up a donation fund in support of the affected communities. “We will continue to monitor the situation, ensuring a safe return to full operations as soon as it is advisable,” Rob Carter, Hudbay’s senior vice president, Canada, said in a statement. Last week, the company removed its non-essential staff from the Flin Flon region, where it still conducts care and maintenance work to support the Snow Lake mine operation. In its press release Wednesday, Hudbay said it believes its infrastructure and facilities in both Snow Lake and Flin Flon are “well-protected from the wildfires and have a low risk of being damaged.” Despite the temporary halt, Hudbay management still expects to achieve its 2025 annual guidance for its Manitoba operations, citing strong performances to date. Last year, Snow Lake produced 214,225 oz. of gold, 12,536 tonnes of copper, 33,339 tonnes of zinc and nearly 1 million oz. of silver. Shares of Hudbay Minerals gained 1.2% at C$12.98 apiece by midday Wednesday, giving the Toronto-based miner a market capitalization of C$5.1 billion. Spreading wildfire The wildfire, which was first detected on May 27, has yet to be contained and is threatening other communities including Big Island Lake, Schist Lake and Bakers Narrows. The event has caused suspensions at other mine operations in Manitoba, including Alamos Gold’ (TSX, NYSE: AGI) Lynn Lake project and Sinomine’s Tanco mine, one of Canada’s two producing lithium mines. Separately, wildfires in the neighbouring province of Alberta have also prompted the temporary shutdown of some oil and gas production.

Let me make this very clear: savers are losers… when they’re saving paper money. Why? Because the dollar is fake. It’s no longer backed by anything real. Since 1971, when Nixon took us off the gold standard, our money has been based on nothing but government promises. And guess what? Promises don’t pay the bills during a stock market crash. But gold? Gold is real money. If you want to think like the rich and break free from the rat race, you need to stop trusting the system that was built to keep you poor—and start investing in assets the wealthy have used for centuries. The Government Prints Money. Gold Holds Value. Look at the Federal Reserve. They’ve printed more money in the past five years than in the last hundred. That’s not economics—that’s insanity. Meanwhile, gold has retained its purchasing power for over 5,000 years. While paper money loses value every time the Fed hits CTRL + P, gold stands still—and that’s the point. Gold doesn’t make promises. It makes sense. The Rich Don’t Save Cash. They Save Assets. My mentor taught me this early on: The middle class works for money. The rich work for assets. And gold is an asset. It’s portable, private, liquid, and it can’t be inflated away like fiat currency. When banks fail and markets crash, gold doesn’t panic—it holds. That’s why central banks hold thousands of tons of it. They know something you don’t—or at least, they hope you don’t. But I’m telling you: it’s time you knew. In a Crash, Gold Often Gets Stronger When the markets are up, everyone’s a genius. But when the system crashes—and it will—you’ll wish you had gold. It’s happened before. It’ll happen again. The economy moves in cycles. And the people who hold real assets—gold, silver, oil, real estate—they don’t just survive crashes. They buy more during them. Gold Is Freedom The most important thing gold gives you isn’t just wealth—it’s freedom. Gold is not someone else’s liability. Gold is not tied to Wall Street. Gold is not a promise from politicians. It’s independent. Just like you should be. You want to be rich? Then stop doing what poor people do. Stop trusting a broken system. Stop playing defense with your money. Start thinking like the rich. Start playing offense. Start buying gold. Gold Isn’t a Trend. It’s a Strategy. Gold isn’t about fear. It’s about freedom. It’s not about getting rich quick. It’s about staying rich forever. The people who win in this life are the ones who prepare before the storm. Gold is that preparation. It’s the safety net and the power move. Stop saving dollars. Start owning gold. Contact American Bullion to learn more. The post Why the Rich Buy Gold (and Why You Should Too) first appeared on American Bullion.

Bitcoin’s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin’s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around the 64% level in recent weeks. This stalling behavior drew attention from a certified market analyst, especially in light of many altcoins struggling to gain momentum in an environment dominated by Bitcoin’s inflow. BTC Dominance Hits Resistance, Candlestick Flash Warnings According to certified Level III CMT analyst Tony “The Bull” Severino, the 64% region on the Bitcoin Dominance (BTC.D) chart could mark a meaningful reversal point. Sharing his insights alongside a technical chart of Bitcoin’s market cap dominance on the monthly timeframe, Severino pointed out that the latest monthly candlestick formed a Doji right at the bottom of a previous Falling Window. In Japanese candlestick theory, such “windows” are not just gaps to be filled but serve as critical zones of support or resistance. The fact that BTC.D formed a Doji candle precisely at this window, according to Severino, is a textbook reaction suggesting the dominance rally may be losing strength. This candlestick structure brings the focus onto how the current monthly candlestick plays out. If the current monthly candle becomes an Evening Star candlestick and closes below 62%, the odds of Bitcoin dominance rolling over increase significantly. Altcoin Season Not Quite There Yet As noted by Tony, if Bitcoin’s dominance candlestick this month forms an Evening Star pattern and closes below 62%, it has a high possibility of marking the end of the cryptocurrency’s current dominance. However, the analyst added a key caveat: the BTC.D Relative Strength Index (RSI) closed the previous month above 70, still suggesting strong momentum and keeping the larger trend in flux. Despite these early signals, Severino warned against jumping the gun. Although the technical evidence points to a possible short-term reversal in dominance, he clarified that it does not necessarily guarantee a full-fledged altcoin season. In his words, “I am still not of the mindset that we will get a typical altcoin season, but I am seeing some of the first signs that BTC.D might reverse here.” For now, Bitcoin continues to hold steady above $105,000, and until BTC.D breaks convincingly below 62%, the cryptocurrency is in dominance. Nonetheless, the altcoin market could soon be looking at its first real window of opportunity in months. At the time of writing, Bitcoin is trading at $105,500, down by 0.1% in the past 24 hours. Bitcoin dominance is currently at 63.1%, down by 0.57% in the past 24 hours. Ethereum, on the other hand, increased its market share by 2.13% to 9.6%.

The European Union has selected 13 new strategic raw materials projects outside its borders as part of its push to secure critical mineral supplies, with sites in Canada, Greenland, Ukraine and other countries. The initiative comes as the bloc seeks to reduce its reliance on China, which tightened export controls on rare earth magnets in April. “We must reduce our dependencies on all countries, particularly on a number of countries like China,” European Commissioner for Industry, Thierry Breton, said during the announcement. “The export bans increase our will to diversify.” The new projects are backed by the EU’s Critical Raw Materials Act, adopted in 2023, which sets ambitious targets for sourcing key materials by 2030. The bloc aims to mine at least 10%, process 40%, and recycle 25% of its annual needs domestically or through strategic partnerships. The 13 projects are expected to mobilize a combined €5.5 billion (US$6.3 billion) in capital investments. Ten of them focus on materials essential to battery technologies such as lithium, cobalt, manganese, and graphite while two others target rare earth element production. Canada’s Dumont nickel project in Quebec is among the selected sites. Located about 25 kilometres west of Amos, in the municipalities of Launay and Trécesson, Dumont holds more than 1 billion tonnes of mineral reserves and is considered one of the world’s largest undeveloped nickel sulphide deposits. The project is fully permitted and backed by a feasibility study. Other key additions include Rio Tinto’s Jadar lithium project in Serbia, which has faced ongoing opposition from environmental groups. The Serbian government revoked its license in 2022, but a local court reinstated Rio Tinto’s rights last year. If developed, Jadar could supply up to 90% of Europe’s lithium demand, according to the EU. Graphite extraction projects in Ukraine and Greenland also made the list. Greenland has drawn geopolitical attention in recent years after President Trump expressed interest in purchasing the Danish autonomous territory. The full list of new projects spans 13 countries: Canada, Greenland, Kazakhstan, Norway, Serbia, Ukraine, Zambia, New Caledonia, Brazil, Madagascar, Malawi, South Africa, and the United Kingdom. These additions bring the EU’s global network of strategic raw material initiatives to 60, following the bloc’s March announcement of 47 approved projects within its member states. (With files from Reuters)

Gold prices held above the $3,350-an-ounce level Wednesday as unresolved trade tensions, coupled with new US data, kept safe-haven demand elevated. Spot gold advanced 0.6% to $3,372.70 per ounce by 10:30 a.m. ET, approaching the one-month high seen earlier this week. In New York, the most-traded futures contract rose 0.5% at $3,395.10 per ounce. Meanwhile, the US dollar index fell about 0.4%, making bullion more attractive to buyers. These moves came after fresh US data showed the worst monthly private sector jobs growth in years, fueling concerns about an economy that is still bracing for the impacts of tariffs. Following the data release, President Donald Trump piled pressure on the Federal Reserve, urging its Chairman Jerome Powell to start cutting interest rates. In addition, rising tensions between the US and China are still keeping risks — and thus gold prices — high, with Trump stating late on Tuesday that Chinese President Xi Jinping is tough and “extremely hard to make a deal with.” The focus now shifts to Friday’s US non-farm payrolls data for more cues on the Fed’s policy path. The bank’s officials have been taking a cautious stance, citing risks from trade tensions and economic uncertainty. “If the data is stronger than expected, interest rate cut expectations are likely to wane, which would weigh on the gold price,” said Commerzbank analyst Carsten Fritsch, in a Reuters note. “We see gold trading in a range between $3,300 and $3,400 per troy ounce in the short term,” he added. For the year, gold is up around 28% this year, just roughly $150 below an all-time high reached in April, as investors avoid assets exposed to the tariff war. (With files from Reuters)

A resource update for Nevada King Gold’s (TSXV: NKG) Atlanta project more than doubles contained gold in the measured and indicated categories to just over 1 million oz., representing 91% of the entire resource. The Atlanta gold mine project’s overall tonnage in those categories now totals 27.7 million tonnes grading 1.14 grams gold per tonne, a 122% increase over the resource from 2020, Nevada King reported Wednesday. The past-producing open pit project sits on the Battle Mountain trend, about 264 km northeast of Las Vegas. “The results mark a major milestone at Atlanta, confirming a high-grade and high-confidence oxide gold system in one of the most sought-after jurisdictions in the world,” Nevada King CEO Collin Kettell said in a release. “We are pleased to exceed the 1-million oz. threshold in the measured and indicated category while maintaining the grade of oxide mineralization well above 1 gram per tonne.” Nevada King shares fell 22% to C$0.16 apiece on Wednesday morning in Toronto, for a market capitalization of C$67.8 million. Investors may have been expecting better numbers in the update after Atlanta produced 110,000 oz. of gold and 800,000 oz. of silver from 1975 to 1985 for Standard Slag. Companies including Gold Fields (NYSE: GFI), Kinross Gold (TSX: K; NYSE: KGC) and Meadow Bay Gold drilled more than 40,000 metres there since the 1990s. Kettell helped start New Found Gold (TSXV: NFG; NYSE-A: NFGC) in Newfoundland and Labrador, which also suffered a dramatic share price fall after publishing a resource. In April, the CEO funded half of an C$11 million capital raising for Atlanta, showing “conviction” to the project, he said. Nevada King’s update follows months of strong drill results at Atlanta, where the capacity of its stage three drill program was increased to 30,000 metres in April. The resource update incorporated results from the stage one and two definition drill programs. High-grade core The measured and indicated resources also include a high-grade core of 524,000 oz. gold grading 3.99 grams gold at a 2 grams gold-equivalent cut-off grade, Nevada King said. That core contains more ounces than in the 2020 resource and at more than triple the average grade. Measured and indicated silver also more than doubled in the update and now totals 8.6 million oz. grading 9.75 grams silver. Inferred resources come to 3.6 million tonnes at 0.84 gram gold for 98,500 oz., about one-third less than in the 2020 report. Inferred silver decreased by 75% to 299,500 tonnes grading 2.56 grams silver. Expansion potential The update incorporates much more high-grade ore than was discovered in the initial resource, Nevada King exploration manager Cal Herron said. “[It’s] largely the result of thicker, higher-grade intercepts within the West Atlanta Graben Zone,” he said. “We see clear potential for expansion of this zone to the south, north and west with the possibility of finding additional elevated high-grade zones.” The company envisions that about half of the open pit oxide resources can be processed at a mill and half by heap leaching.

Solana (SOL) continues to face resistance at the $160 level, failing to reclaim it despite multiple attempts over the past several days. As market momentum weakens and volatility rises, investors are growing cautious. Bitcoin and Ethereum—typically leading indicators—are also showing signs of exhaustion, unable to break past their recent highs. This has triggered concerns that a broader market retrace could follow. Still, not all analysts are turning bearish. Prominent trader Kaleo shared a bullish technical outlook, suggesting that Solana remains one of the most promising altcoins if the crypto market regains strength. According to Kaleo, if momentum returns and the market heats up in the coming months, SOL could rally sharply and tag the $300 level—a move that would nearly double its current price. However, such a scenario would likely require broader participation and renewed appetite for risk across digital assets. For now, SOL trades in a tight range, with its short-term outlook hinging on the behavior of Bitcoin and Ethereum. If leading assets stabilize and bulls step back in, Solana could be primed for a breakout. Otherwise, further downside cannot be ruled out as uncertainty weighs on sentiment. Solana Faces Uncertainty But Eyes Explosive Breakout Above Multi-Year Resistance Solana (SOL) is currently struggling to find strong demand as market conditions cool following an intense rally earlier this year. While trading has slowed and bullish momentum appears to be fading, optimism persists among long-term investors. Many expect that once broader market strength returns, SOL could initiate a powerful move into higher supply zones and potentially reach new all-time highs. This cautious optimism comes amid growing global tensions. The ongoing tariff conflict between the United States and China continues to unsettle financial markets, and stress signals in the US bond market are raising alarms about systemic risks. Should these macroeconomic pressures intensify, altcoins like Solana may face renewed headwinds as investors rotate into safer assets. However, despite the current uncertainty, Kaleo maintains a bullish long-term outlook for SOL. According to his analysis, once Solana reaches the $300 level—a key historical resistance—it could break into price discovery. This would mark the end of a multi-year consolidation phase and potentially unleash a parabolic rally. Such a breakout would not only validate the strength of Solana’s fundamentals and ecosystem but also signal broader confidence returning to the altcoin sector. Until then, patience and strategic positioning remain crucial. Key Support Holding But Momentum Remains Weak Solana (SOL) is trading at $157.46 after bouncing slightly from recent lows around $154, showing modest signs of stability. The price is testing the 34-day EMA near $162, which has acted as a dynamic resistance in recent sessions. SOL remains trapped below its 200-day SMA at $178.88, suggesting the broader trend remains under pressure. A reclaim of that level is crucial for bulls to regain confidence. Volume remains relatively muted, indicating a lack of strong conviction from either side. If SOL manages to push above the $162–$165 range, it could open the door for a retest of the $180 resistance zone. However, failure to break above the 34-day EMA soon may result in another leg down toward the 100-day SMA support near $144. The chart shows lower highs forming since mid-May, adding pressure to the bullish structure. However, the fact that SOL continues to hold above the $150 zone shows that buyers are still defending key demand. A decisive break and close above $165 on strong volume could confirm a short-term reversal. Until then, SOL remains range-bound with a neutral-to-bearish bias unless momentum accelerates to the upside. Featured image from Dall-E, chart from TradingView

Defense Metals (TSXV: DEFN) said Export Development Canada could lend up to $250 million to help the company develop and build its main Wicheeda rare earth project in British Columbia. The stock jumped. Canada’s export credit agency expressed its interest in participating as a mandated lead arranger for the financing package, Vancouver-based Defense Metals said Wednesday in a statement. EDC issued a letter of interest in response to a company request for potential financing support, Defense Metals said. A preliminary feasibility study, released in February, put Wicheeda’s initial capital cost at $1.4 billion. It gave the project an after-tax net present value of $1 billion and an after-tax internal rate of return of 19%, based on a discount rate of 8%. Reserves support a 15-year life of mine with an average annual output of 31,900 tonnes of total rare earth oxide in concentrate. “This is a strong endorsement of the strategic importance of the Wicheeda REE project and shows the key role that EDC might consider playing in its financing,” Guy de Selliers, Defense Metals’ executive chairman, said in the statement. Wicheeda would “contribute to a number of Canadian priorities including the clean energy transition and the security of supply of critical minerals.” Domestic investment Shares of Defense Metals rose 6.9% to C$0.155 apiece Wednesday morning in Toronto. That gave the company a market capitalization of about C$47 million ($34 million). News of the proposed financing comes amid calls in Canada for greater domestic investment in energy, power and mining infrastructure following the imposition of wide-ranging US tariffs by the Trump administration. Western countries such as Canada have been struggling to dent near-universal Chinese domination of critical minerals used in everything from electric vehicles to jet fighters. Newly elected Prime Minister Mark Carney pledged earlier this year to approve resource projects within two years and broaden exploration tax credits as part of a plan to make Canada both an “energy superpower” and “the global supplier of choice for critical minerals.” Due diligence EDC’s proposed financing remains subject to the completion of all due diligence, Defense Metals said. Over the last 25 years, the crown corporation has taken part in about 540 structured and project finance transactions worth more than $40 billion. “For such a strategically important and financially robust project as Wicheeda we are confident that financing will be available,” Defense Metals CEO Mark Tory said. “EDC’s prospective support can serve as an anchor to mobilize a comprehensive debt package.” Located about 80 km northeast of Prince George, Wicheeda is a 118-sq.-km property that’s located on the traditional territory of the McLeod Lake Indian Band. The site, which is accessible by a paved highway and all-weather gravel roads, sits close to infrastructure such as hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to Prince Rupert, the closest major North American port to Asia.

Consecutive misses on US data in the North-American Morning Session as the US Services PMI came in at 49.9 vs 52 expected. Equity markets which rallied back after the miss on ADP Data, gapped right back down as Services Data, which has been holding strong throughout Hike cycles and geopolitical certainty is now showing weakness. New Orders, deliveries, production and Employment are contracting while prices are increasing at the highest pace since November 2022. Markets are not pleased with this news as we start to see a shift in PMI data, tariffs are starting to have an impact. 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.

Gemfields (LON, JSE: GEM) has released its latest “G-Factor for Natural Resources’’ figures, revealing that over the the 2015–2024 period, its Kagem emerald mine in Zambia and Montepuez ruby mine in Mozambique returned 20% and 25% of revenue, respectively, to their host governments. The “G-Factor” is a transparency tool introduced by Gemfields in 2021 to disclose the proportion of a company’s revenue paid to the host country in primary and direct taxes, as well as dividends where applicable. It aims to offer a simple, consistent metric across the mining sectors, helping to improve transparency in the gemstones market. “[Our latest] figures highlight the contrasting contributions that a mining company can make to its host country depending on the prevailing operating and market conditions,” chief executive officer Sean Gilbertson said. Montepuez returned 24% of its revenue to the Mozambican government last year, thanks to a strong ruby market despite challenges related to political unrest triggered by the October general elections, a persistent conflict in Cabo Delgado, and a deteriorating economic situation in the country. The Kagem emerald mine in Zambia struggled with widely reported adverse market conditions in the second half of 2024. The mine posted losses, suspended operations by year-end, and saw its annual G-Factor drop sharply to just 9%. Gemfields resumed limited mining at Kagem in May. “Should the improving market conditions for Zambian emeralds continue, Kagem’s G-Factor should again return to its long-term average of circa 19%,” Gilbertson notded. Gemfields publishes its G-Factor annually as part of its commitment to greater transparency and accountability in the extraction industries.

Most Read: OPEC+ Oil Production and Brent Crude: Key Factors Driving Price Fluctuations The Bank of Canada kept its benchmark interest rate steady at 2.75% in its June 2025 decision, meeting the expectations of half the market. This marks the second time rates have been held steady after cutting them by 2.25 percentage points over seven straight decisions. Technical Analysis - USD/CAD 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.

Is it just a matter of time before the impact of tariffs hits data? The Tariff Lag: Waiting for the Data to Bite If I said on April 2, when President Trump announced reciprocal tariff details, that two months later stocks would be rallying, bonds consolidating, inflation data tame and employment holding up, you would have tossed me into a room, locked the door and threw away the key. Either markets are trading in a fantasy land or they see something I don’t see beyond the horizon or this is just the calm before a data storm surprise. A Delayed Tariff Impact Tariffs don’t hit overnight. What we’re likely seeing is a distortion of current economic data, influenced by businesses front-loading orders or shifting supply chains in anticipation of higher costs. So far, inflation hasn’t surged but that doesn’t mean it won’t. Consumer prices will rise, it’s just a matter of how much, and how fast. Will it be a one-off spike? Or the beginning of a sustained move higher? Either way, uncertainty is not just for investors, but for consumers, families, and businesses trying to make long-term decisions in an uncertain environment. Data Will Drive Markets More Than Ever We’re entering a phase where hard economic data will increasingly dictate the market narrative. If CPI and PCE figures start reflecting tariff-induced price hikes, consumer sentiment slips, or job growth softens, then the current market optimism could look dangerously misplaced. Markets can shrug off risk rhetoric but not reality. Non-Farm Payrolls 12-month percentage change, Consumer Price Index, selected categories What If Trump “Wins”? There is a scenario where Trump pulls off last-minute deals, reciprocal trade concessions, improved terms, or a politically acceptable truce. But if tariffs are ultimately seen as a revenue source, the likelihood of broad-based price increases is high, making the path of least resistance, in that case, higher prices. A False Sense of Security? Right now, we might be seeing a false sense of security. The equity rally could be fool’s gold, propped up by lagging data and policy hope rather than real fundamentals. What comes next will depend not on headlines, but on the incoming data. And that data will either validate the optimism or crush it. Visit our Economic Data Calendar for up-to-date consensus forecasts and actual data. Take a FREE Trial of The Amazing Trader – Click HERE

California embraces its techie heart and opens the door for crypto payments. That’s probably not surprising for the state that hosts Coinbase, Kraken, and other big-name crypto companies. And with obvious support from those organizations, it’s probably even less surprising that the California assembly passed the upcoming crypto payments bill, AB 1180, unanimously, 68-0. The move allows the state government to accept crypto payments – including Bitcoin – for certain obligations. If it passes the state senate, there’d be a trial program from 2026-2031, followed by full adoption. California Cements Spot Among Top World Economies It’s a big deal because California boasts the 4th-largest economy in the world, with $4.1T nominal GDP. That’s right – if it were a country, California would rank just behind the US, China, and Germany, and just ahead of Japan. And – partially fueled by crypto growth in the form of Kraken, Coinbase, et al – California can also point to an economic growth rate that outpaces the other top economies. California’s growing at 6% year-over-year, with an average growth rate of 7.5% from 2021-2024. In other words, this isn’t Colorado ($550B) or Louisiana ($327B), two other states that have similar rules in place. It’s not even Florida ($1.7T), which also is moving to accept crypto. California is one of the largest economies in the world, the largest state economy in the US, and if the bill passes, it’ll take card, cash, and crypto. AB 1180 Payments Bill Supports Upcoming Bitcoin Bill While AB 1180 focuses on the government side, another bill – AB 1052 – does something similar for private payments. Specifically, AB 1052 establishes clearly that crypto payments are acceptable means of settling private debts. It supports a self-custody regulatory structure, while also opening the door for a state digital assets reserve formed of unclaimed assets. Together, AB 1052 and AB 1180 show California’s going ‘all-in’ on crypto. Another major global economic player bites the dust, bowing before crypto’s relentless rise. Adopting crypto payments for both private and public organizations will require a top-notch, easy-to-learn crypto wallet. That’s where Best Wallet app and the Best Wallet Token come in. Best Wallet Token ($BEST) – Supercharge Leading Web3 Wallet Best Wallet Token ($BEST) powers up the already-impressive performance of the Best Wallet app. The app delivers a secure, reliable self-custody Web3 wallet, with biometric security and support for dozens of blockchains. It’s also the first crypto wallet dedicated to crypto presales, with an Upcoming Tokens section that breaks down key projects and gives investors the opportunity to purchase hot new tokens before they launch. The $BEST token takes utility up a notch, lowering fees for transactions, giving exclusive presale access, and boosting rewards. It’s a unique wallet with a powerful utility token, and that’s part of the reason our price prediction shows that $BEST could rise 28% from its current price of $0.025125, reaching $0.035215 by the end of the year. To avoid missing out, learn how to buy $BEST with our guide. Visit Best Wallet Now BTC Bull Token ($BTCBULL) – With First-Ever Bitcoin Meme Coin, Buy $BTCBULL Now, Earn $BTC Later Another project that benefits a lot from crypto adoption is BTC Bull Token ($BTCBULL), which offers the classic ‘buy-one-get-one-free’ combo, crypto-style. Buy $BTCBULL and hold it on your Best Wallet app, earn free $BTC when Bitcoin’s price reaches $150K and $200K. Put another way, BTC Bull does what it says on the tin – gives investors a chance to bet big on a bullish outlook for Bitcoin. With California’s mega-economy moving to adopt crypto, and over 100 businesses that already accept Bitcoin payments in California, a bullish Bitcoin bet has perfect timing. What’s unique about BTC Bull Token is that has no less than four ways to earn: Presale $BTCBULL staking, the long play Regular $BTCBULL price increase post-launch, since a lot of people will be trading it $BTC airdrop for token holders in Best Wallet app $BTCBULL airdrop when Bitcoin hits $250K With $BTC airdrops at $150K and $200K, and a mega $BTCBULL airdrop at the end of the project when Bitcoin reaches $250K, there are ample rewards for early investors. And in between, $BTCBULL token burns exert deflationary pressure at $BTC $125K, $175K, and $225K. The combination of token burns and airdrops keeps $BTCBULL tied to Bitcoin’s steady progress, and is one of the reasons our BTC Bull price prediction shows the token potentially reaching $0.0084, up 230% from its current price of $0.00254. Don’t wait – rewards are only given out when $BTC first reaches the milestones. Learn how to buy BTC Bull. Visit BTCBULLL Now Nexchain AI ($NEX) – Blockchain Built for Integrated AI Applications Alongside crypto, AI is probably the most-transformative tech in the world today. Nexchain brings the two together in the first completely AI-native chain. Leveraging AI-native architecture, Nexchain delivers: 400,000 TPS, blazing-fast transactions Hybrid Proof-of-Stake + AI consensus mechanism Cross-chain bridges for blockchain interoperability Minimal transaction fees Nexchain is a serious project with serious potential, and could be the technological breakthrough crypto and AI believers have been looking for. The $NEX presale passed $3.1M. With strong community support and a detailed technical foundation, the project expects the Nexchain AI testnet to launch in Q4 2025. California, the Crypto State? California overall may have little love for the ‘Crypto President,’ but it looks set to become the Crypto State anyways. And when the world’s 4th-largest economy embraces the power of Bitcoin, that’s the most bullish sign of all. Just remember to do your own research before investing in any crypto projects. Nothing here is financial advice, and you should never invest more than you can afford to lose, because you can always lose it all.

Dogecoin is approaching a decisive inflection point, according to crypto-market commentator VisionPulsed. Throughout his latest analysis he argued that the coming fortnight must deliver an upside resolution—otherwise the meme-coin risks locking in a sequence of red monthly closes that would echo bear-market conditions. Dogecoin On The Brink Of 6-Month Meltdown The analyst anchored his outlook to several recurring signals on Dogecoin’s multi-time-frame charts. “We’re going to get a large move in June. It’s going to happen. The question is, is it up or down?” he began, pointing to the Bollinger Band Width Percentile (BBWP) squeezing toward levels that historically precede violent price expansion. In his view, the compression cannot last beyond the next two weekly candles: “BBWP is screaming that we’re about to get something … probably this week; if not this week, then next week.” VisionPulsed balanced that volatility warning against a newly triggered hash-ribbon buy signal—a metric generated when network hashrate recovers after miner capitulation. “We’ve been making the case that in this bull run, when we have gotten the weekly buy signals, the market actually went down and then it went up,” he explained. The fractal, observed twice since 2024, invited cautious optimism that the latest cross could again invert short-term weakness into a rally: “If history is going to repeat itself, we should go down, which we did … and I would make the case that we really should hopefully get a move up in June.” Yet momentum oscillators threaten that scenario. On his two-day chart the stock-RSI has curled lower for the first time since last year. “This may be the first time we print the overbought RSI and don’t go up,” he conceded, warning that a failure to rebound quickly would undermine the hash-ribbon signal and oblige traders “to get tucked in and go to sleep because it’s just always bearish.” Timing is equally unforgiving. VisionPulsed framed Dogecoin’s rallies inside a 70-to-80-day cycle measured from major swing lows; the current window expires in mid-June. “Technically 70 days would be the second week of June, which we’re in that box right now,” he said. “If we don’t actually go up in June, then it is worrisome,” because history suggests that a bearish June would bleed into July and August, while September is “always bearish,” producing what he dryly labels a “one-month bull run.” He added that macro cross-currents raise the stakes. “The S&P 500 is starting to get close to the all-time high,” he noted, suggesting that a decisive move in equities could tip crypto sentiment. At the same time Dogecoin continues to carve incrementally higher lows, a constructive but fragile pattern that now collides with the expiring cycle window: “If we’re actually bullish, we kind of got to go.” For traders the message is binary. A breakout to the upside in the next ten trading days would validate the hash-ribbon cross, keep the rising-lows structure intact, and reset sentiment after what the analyst counts as “six out of seven red months” in the making. Failure, on the other hand, risks cementing a “bearish spiral” that could dominate the rest of the summer and revive memories of genuine bear-market grind. As VisionPulsed put it while signing off: “We’re definitely at an inflection point. The potential energy is building up.” At press time, DOGE traded at $0.1958.

We are getting mixed data from the US in the past couple of days, especially as it comes to Employment. US ADP Private Employment data came in at +37,000 jobs added vs 115,000 Expected - A relatively large miss which may scare markets going towards the NFP number. The previous release was at 60K, and the May report was the lowest in 2 years. The Private sector employment is getting hurt by interest rates that are still relatively high - the May 2024 report was showing an increase of 164,000 jobs. Jerome Powell tends to take a close look at the evolution of private companies economic activity in the FED's dual mandate of optimal Employment and inflation - let's see how this situation evolves next month towards the pricing of cuts. 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 Bitcoin price is still ping-ponging between support and resistance, but is still moving in favor of the bulls at this point. This is due to the fact that the price is still holding well above $100,000, and this is a psychological level that could be a determinant of a bull or bear move. Amid this, crypto analyst Xanrox believes that the Bitcoin price is headed down after hitting its new all-time high close to $112,000, and this downtrend would push altcoins down further. Why The Bitcoin Price Is Breaking Down The reason for the Bitcoin price decline, as outlined by the crypto analyst, is that the leading cryptocurrency is actually breaking down out of an ascending parallel channel that was formed while the price moved from $74,000 to $112,000. This was seen in the initial downtrend that sent Bitcoin from $111,000 down to $103,000, before the relief rally. In addition to the ascending channel, the crypto analyst also points out the formation of a symmetrical triangle inside the channel. This is also important to keep an eye on since symmetrical triangles are known for sweeping liquidity. While these liquidity sweeps are not one-sided, it is still notable as it can sweep liquidity above and below the triangle. Probabilities of the direction of the liquidity sweep increase in a direction depending on whether the bears or bulls are currently dominating. Xanrox also explains that the Bitcoin price has already completed the five full waves of the Elliot Wave theory, and as such, the next thing is a corrective ABC wave. In this case, it is expected to fall back to the 0.382, 0.500, and 0.618 Fibonacci levels again. Where To Start Buying With the expectation that the Fibonacci levels will fall to 0.382, then 0.500, and then 0.618, the first culprit for where the Bitcoin price is expected to fall to is just below $98,000. At this level, the crypto analyst believes that it is time to start buying. In addition to the chart formations, Xanrox also calls out an unfilled Fair Value Gap (FV) at this level, and once it fills, it is a great level to start buying before the next wave to the upside. If this decline does happen, then altcoins are expected to actually fall further from here. This would put them at great buy levels as well, especially as altcoins are sitting so close to all-time low levels. However, after the first FVG is filled and there isn’t strong momentum, the second Fibonacci level at 0.500 puts the Bitcoin price at $92,000. Meanwhile, the third and last Fibonacaill level at 0.618 puts it as low as $87,500. “Usually we want to look for a buying opportunity at the 0.382, 0.500, or 0.618 FIB levels,” the crypto analyst explained.

Japan is gearing up to innovate and introduce robust payment systems as its economy gradually becomes cashless. Bank of Japan’s (BOJ) Executive Director Kazushige Kamiyama said that while the country does not have any firm stance on CBDCs yet, it must develop other payment options as society becomes increasingly cashless. According to an article published on 4 June 2025 by Reuters, Kamiyama said that while banknotes are still in high circulation in Japan, physical currency could see a steep decline in use going forward as Japan rapidly digitalises. “As such, Japan must consider what steps it can take now to ensure its retail settlement system is convenient, efficient, and accessible universally while being safe and resilient,” he said. He further explained that the government and the parliament will decide the issuance of CBDCs, and that they have not made any decisions so far regarding this matter. However, the country’s central bank has conducted experiments and exchanged views with private firms on a Digital Yen, which could launch if the country decides to issue CBDCs. Explore: Best Meme Coin ICOs to Invest in June 2025 Asia Seems to be Leading the CBDC Charge The buzz around CBDCs seems to ebb and flow and was largely subdued after President Trump banned work on CBDCs in the US. However, they seem to be making a comeback in Asia, at least. Several Asian countries have had success in their CBDC tests and pilot projects. India’s CBDC pilot programme, for example, has had success in providing tenant farmers in the country with direct agricultural loans. Furthermore, the Reserve Bank of India (RBI) is considering a cross-border CBDC pilot as E-Rupee circulation has crossed Rs. 1016 crore (over $118 million) from Rs. 232 crore (approximately $27 million) in 2024. It is also considering entering into multilateral CBDC initiatives through the Bank of International Settlements (BIS) innovation hub. Moreover, the RBI is mulling expanding the use cases and scope of both e-rupee retail and e-rupee wholesale pilots. Plans are in place to improve the technical aspects of the aggregator framework to further enhance transparency, convenience and efficiency. Other Asian countries are warming up to CBDCs as well. South Korea, for instance, is test piloting two CBDC projects: Project Hangang for domestic tokenised deposits and Project Agorá for cross-border payments involving multiple banks and institutions. Interestingly, Bank of Korea’s Governor, Rhee Chang-yong, personally visited the nation’s six largest banks to advocate for the role of wholesale CBDCs after the bank’s announcement of plans to develop a joint stablecoin, highlighting a potential rivalry between public and private currency efforts. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Asia’s Cashless Payment Transition Driven by technological advancements, changing consumer behaviour and government initiatives, Asia is rapidly transitioning into a cashless society. The adoption of the Unified Payment System in India is underscored by the network processing over 131 billion transactions by the fiscal year 2023. China’s Alipay and WeChat Pay account for over 1 billion users. Furthermore, cash transactions in China are expected to fall to just 3% by 2027. Beyond these Asian giants, other Southeast Asian countries like Thailand and Singapore have embraced cashless payments. They have developed interoperable systems such as PromptPay and PayNow to enable cross-border transactions and reduce their dependence on Western credit card networks. Notably, the proliferation of smartphones has been a catalyst for this transformation, especially in regions with previously low banking penetration. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Key Takeaways Japan has not yet decided its stance on CBDC but has conducted experiments with a Digital Yen Asian countries like India and South Korea are leading the CBDC charge Asia is rapidly becoming a cashless payment society led by India and China The post Japan Pushes for Cashless Payment as it Tries to Catch up with the Rest of Asia appeared first on 99Bitcoins.

Magic Eden, a non-fungible token (NFT) marketplace, has announced a partnership with the team behind President Donald Trump’s memecoin to create an official “TRUMP-branded cryptocurrency wallet.” This new product, aptly named the TRUMP Wallet, will not only feature Trump’s likeness and name but will also support trading of the TRUMP token alongside other digital assets, including Bitcoin (BTC). TRUMP Wallet Opens Waitlist Amid Controversy The waitlist for the TRUMP Wallet opened on Tuesday at TrumpWallet.com, with a broader launch expected later this summer, as confirmed by a spokesperson from Magic Eden. In a promotional push, the project is being marketed as “the first and only crypto wallet for true Trump fans,” enticing users with the opportunity to share in $1 million worth of the memecoin rewards. Those who sign up and refer friends will be able to enhance their position on the waitlist. Interestingly, Eric Trump, who has been involved in various cryptocurrency initiatives linked to his father, expressed surprise at the project. He took to social media platform X (formerly Twitter) to assert, “I run @Trump and I know nothing about this project!” In a follow up social media post, Eric further said: This project is not authorized by @Trump. @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization. KYC Details Still Unclear The announcement was shared by the official TrumpMeme account, but further details about the partnership, including terms of revenue-sharing and potential Know Your Customer (KYC) requirements for users, remain unclear. This initiative is part of a larger strategy to boost engagement in Trump-related cryptocurrency ventures, which have been gaining momentum in recent months. The Presidential family’s expanding crypto portfolio already encompasses a variety of digital assets, including non-fungible tokens, a stablecoin, a decentralized finance platform with its own virtual token, and memecoins named after both Donald Trump and the First Lady. Magic Eden’s CEO recently attended a fundraiser dinner hosted by Trump for previous winners of a TRUMP coin contest, further solidifying the ties between the two entities. It appears that the TRUMP Wallet will be built on the Slingshot Finance platform, a self-custodial trading application acquired by Magic Eden in April. Slingshot is known for featuring various meme tokens, such as Bonk Inu (BONK) and Fartcoin (FARTCOIN), and does not directly collect user identity information; instead, this is managed by MoonPay, the app’s fiat on-ramp provider. When writing, the official memecoin launched by the President’s team trades at $11, recording losses of 12% and 21% on the seven and fourteen days time frame respectively. Featured image from NBC, chart from TradingView.com

I had a privilege of joining Becky Quick on CNBC's Squawk Box to talk about the dollar. I suggested there may be scope for the Dollar Index to fall another 5% over the remainder of the year. I am not so focused on the dollar losing its reserve currency status but cyclical developments. The Fed may resume its easing just as several other central banks wind down their rate cuts, like the ECB, Bank of Canada, Sweden, and Norway. The markets often seem to ascribe structural and strategic forces at work initially to what ultimately proves to be cyclical and tactical. The US TIC data, which is only through March, showed foreign investors were larger net buyers of US assets in Q1 25 than Q1 24. It is not many not only be foreign investors selling dollars and US assets, but dollar-based investors also appear to be diversifying after being overweight the US. The decline in the dollar offers an important kicker for dollar-based investors. Consider that the DAX is up a bit more than 21% in euro terms and for dollar-based investors the return is almost 34%. Europe's Stoxx 600 has appreciated by 19% for dollar-based investors and almost 8.5% for euro investors. Check out the clip here. Disclaimer

Tether has invested in a Chilean crypto exchange in a bid to expand to Latin America’s $415 billion cryptocurrency market. According to Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and Argentina. On 3 June 2025, Tether announced investing in Orionx, one of the leading Chilean digital asset exchanges and a financial infrastructure company specializing in cross-border payments. Paolo Ardoino, CEO of Tether, said, “Orionx is expanding access to digital assets in LATAM and building meaningful pathways for individuals and businesses to engage with the global economy in a stable, transparent, and efficient way.” Currently, Orionx has operations across Chile, Peru, Colombia, and Mexico. Notably, this investment officially closes Orionx’s Series A funding round, led exclusively by Tether. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Tether on why LATAM has a growing interest in Stablecoins Tether noted that despite this progress in the digital asset space, LATAM still has the world’s second-highest proportion of unbanked adults. It is found that a significant share of the population remains underbanked or excluded from traditional financial services due to strict documentation requirements, limited access to financial institutions, distance, and high transaction fees. Furthermore, the rapid devaluation of local currencies, rising inflation, and growing public debt in economies like Argentina have driven retail and institutional users to seek stability in stablecoins. Brazil also witnessed a significant rise in institutional crypto activity, supported by maturing regulatory frameworks and rising demand for stablecoin-based B2B cross-border payments. “In this situation, stablecoins offer a vital alternative, allowing individuals and businesses to send and receive money instantly, securely, and affordably, without relying on conventional banking systems or navigating complex registration processes,” said Tether. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Explore Best Crypto To Buy! So we came up to our last pick, but with the highest possibility of return. It is the first-ever Layer 2 build on the Solana crypto. Since their presale launch on 13th of December 2024, SOLAXY has raised over $43 million. This is not only hype from the degens side but also from institutional investors. $SOLX is the native token of the project that is also used for staking and securing the network and fees. Right now, the APY is 93%, which can furthermore boost your gains. This means long-term holdings are staying within the project, which will help the chart price. SOLAXY is using a rollup approach to finalize transactions off-chain in order to be faster, more secure, and use fewer fees. That helps with no congestion and also no downtime. Combined with the meme vibes and excellent community, it is a perfect place to be. Already, big names are talking that this project could be the breakout Solana project of altcoin season. And if demand for scalable Solana infrastructure ramps up, this could go vertical. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Tether is investing in Orionx – a crypto exchange with operations across Chile, Peru, Colombia, and Mexico. According to Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and Argentina. The post Tether Expands in Latin America, Invests in Chilean Crypto Exchange: Explore Best Crypto to Buy! appeared first on 99Bitcoins.

After a month of steady Bitcoin buys, BlackRock crypto finally blinked. The firm sent 4,113 BTC—just over $429 million—to Coinbase Prime, its first sell since its ETF launched. Hours later, its IBIT fund clocked $430.8 million in outflows, the highest to date. The ripple spread quickly. Eleven spot Bitcoin ETFs posted combined net outflows of $616 million, marking a second straight day of retreat. So what’s BlackRock up to? And what are their grander crypto plans in the market? The Rise of Larry Fink And BlackRock Crypto BlackRock is the Orwellian Big Brother that has only recently become more mainstream. In 2008, BlackRock was the company the US government hired to fix the housing crisis. The whole US government was dependent on BlackRock CEO Larry Fink. This gave Fink power that other billionaires can only dream of. Fink didn’t inherit his empire; he began like any regular Joe. The difference was his mindset defied the ordinary. “Larry was obsessed with having control,” as described by those around him. BlackRock doesn’t technically own this Bitcoin; they manage it for their customers. You buy BTC from their ETF; it’s technically yours, not theirs. Sounds fair, right? The problem is that having this much BTC under control has given Larry Fink and BlackRock four distinct advantages that will tilt the scales of how Bitcoin operates going forward. Here’s how 1. Selling Your BTC to BlackRock doesn’t give it back. Even when the market had its reddest days over the summer and before Trump got in, BlackRock reported no ETF outflows. This means their customers strangely kept buying even though the entire market was selling. They were more likely to buy back BTC customers who sold. 2. Market Manipulation. It’s not like BlackRock is a benevolent Wall St. tyrant; they’ve been caught trying to manipulate the markets before. Market manipulation isn’t some nebulous cheat code; whoever has the most money can tilt the markets in their favor, as BlackRock has been caught doing things like price suppression and dumping only to re-buy. Final Thoughts on BlackRock Crypto In their Global Outlook report, BlackRock said three trends will define the new era of investing: 1) Aging populations will cause governments to increase debt and deficits, leading to higher inflation. 2) Fractured trust between global superpowers will lead to the proliferation of trade and currency wars, creating volatility. And 3) a digital economy, artificial intelligence, and automation will transform businesses, investments, and society in new, uncontrollable, and chaotic ways. It’s eerie to hear BlackRock talking like this. It seems more like an Alex Jones rant. But this is why BlackRock is more powerful than Vanguard They’ve woken up and smelled the coffee. They know where the world is heading and are 10 steps ahead of the competition. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Key Takeaways After a month of steady Bitcoin buys, BlackRock crypto finally blinked. The firm sent 4,113 BTC—just over $429 million—to Coinbase Prime. Across the globe, both sovereign states and corporations are ramping up their Bitcoin holdings, often in defiance of traditional financial institutions and regulatory bodies. The post BlackRock Crypto And Their Secret Agenda Exposed – What We Know appeared first on 99Bitcoins.

It’s 2025, and Donald Trump, the U.S. President, has a crypto wallet that looks more like it belongs to a meme-loving teenager than one of the most powerful political figures in the world. According to data from Arkham Intelligence, Trump’s crypto wallet is a strange cocktail of meme coins (mostly airdropped tokens) and a few more serious coins clinging on for dear life. Let’s start with the star of the show: Official TRUMP. As of early June, the wallet holds about 579,000 TRUMP tokens, worth roughly $102,000. That might sound impressive, until you realize those same tokens were valued at over $1.6 million in January. An 88% drop later, and things aren’t looking quite so presidential. The coin itself once peaked at a staggering $45 billion market cap (fully diluted value, FDV), and now it’s around $11 billion FDV. Not even an exclusive private dinner with the Tycoon himself was enough to help this meme coin rise from the ashes. (TRUMPUSDT) The TRUMP token is trading around $11, down over 85% from its January peak. It’s stuck in a tight $10.39-$15.85 range with low momentum. Despite the special dinner with the top holders, price action remains weak. A breakdown could trigger further losses unless buying interest returns decisively. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Trump Crypto Wallet – His Biggest Holding Is A Frog-Themed Meme Coin Then there’s TROG, another meme token (yes, it’s frog-themed), which quietly makes up the bulk of the portfolio. Some estimates put its value close to $1 million. The catch? It was probably airdropped, like much of the rest of the portfolio, which means Trump didn’t actually buy it. But what if he tried to sell it? Given how illiquid these tokens are, that move could crash the entire TROG market. Ironically, even that might send the price higher in meme coin land. An example comes from Vitalik: every time he dumps his airdropped memes, they seem to pump shortly after. Not everything in Trump’s crypto wallet is a meme, just most of it. There are small holdings in Ethereum, USDC, TRON, and a few other coins like MATIC, TUA, and the patriotically named USACOIN (which sounds important, but isn’t worth much). Ethereum once played a bigger role, but after a mysterious 3,200 ETH transfer in late 2024, only six ETH remain, barely enough to buy a used golf cart. And while Trump hasn’t tweeted about his crypto investments recently, X remains divided. Is he really involved, or is this just another way to cash in on his image? Either way, one thing’s clear: Trump’s crypto wallet reflects what this market has become, a chaotic mix of devs and holders vying for attention while Trump is probably more focused on his next round of golf. At his age, who can blame him? DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now EXPLORE: Who Is James Wynn Crypto? Wynn Opens Another Leveraged Long Key Takeaways Trump holds around 579,000 TRUMP tokens, worth about $102,000 as of June 2025. TRUMP is down from $1.6 million in January, marking an 88% price drop. Most of the tokens in the wallet were likely airdropped, not bought. This raises doubts about Trump’s personal involvement. He may just be a marketing magnet for meme devs trying to ride his name. The wallet includes small amounts of more established assets like ETH, USDC, TRON and MATIC but they’re dwarfed by the memes. ETH once played a major role, but after a 3,200 ETH transfer in 2024, only 6 ETH remain. The Trump crypto wallet reflects today’s meme-fueled, hype-driven market- but his name may no longer carry the same weight. Where does the market go from here? The post What Does Trump Crypto Wallet Contain: Here’s TRUMP Crypto Strategy Laid Bare appeared first on 99Bitcoins.

As the Bitcoin (BTC) price stabilizes 5% below its all-time high of $111,800, which was reached last week, predictions of further price declines have emerged. More surprisingly, one expert claims that all of BTC’s history is a “staged illusion,” which could cause it to dip toward the $10,000 mark for the first time in nearly five years. Expert Alleges Bitcoin’s Rise As ‘Largest Bubble In History’ Jacob King, the CEO of the news aggregator Whale Whire, took to social media to assert that Bitcoin’s trajectory is a carefully constructed illusion, designed to convey a sense of institutional commitment and government endorsement, thereby fostering the illusion of a thriving market driven by authentic demand. King’s bold claim characterized Bitcoin’s current state as the “largest bubble in human history,” poised to unfold as a monumental financial scandal. Of course, this is only King’s opinion based on his analysis. The narrative King presented delves into the web of interconnected entities that allegedly manipulate the cryptocurrency market. Drawing attention to the case of El Salvador’s purported Bitcoin investment, King highlighted discrepancies in the narrative, alleging that a significant portion of the country’s Bitcoin reserves had not been acquired through legitimate means but rather transferred from Bitfinex and Tether. This alleged manipulation, according to King, extends to the very core of the industry, with entities like Tether orchestrating alleged schemes to bolster liquidity and fabricate a façade of institutional backing. Alleged Bitcoin Market Manipulations The unraveling of these alleged machinations, as per King’s assertions, casts doubt on the authenticity of Bitcoin’s growth and the legitimacy of the broader cryptocurrency ecosystem. King’s narrative underscores a network of “intertwined interests,” where figures like Michael Saylor, founder of the Bitcoin proxy firm Strategy (previously MicroStrategy), are depicted as integral players perpetuating a cycle of “leverage and speculation” rather than genuine investment in BTC. Furthermore, King’s reflections extend to the role of stablecoins like Tether’s USDT in propping up the Bitcoin market, creating a “fragile ecosystem” wherein the value of stablecoins could potentially surpass that of traditional fiat currencies. The intricate interplay between Tether’s activities and Bitcoin’s stability, according to King, forms a precarious foundation susceptible to collapse in the face of regulatory scrutiny and diminishing institutional interest. All around, King issued a stark warning about a potential nosedive in Bitcoin’s value, suggesting that the cryptocurrency might plunge towards the $10,000 threshold for the first time in almost half a decade. Expressing skepticism regarding the sustainability of Bitcoin’s current price levels, King portrayed a market on the verge of a substantial correction. If this ominous forecast materializes, it would signify a profound shift in Bitcoin’s valuation, departing from the lofty peaks it has recently scaled. As of this writing, the market’s leading cryptocurrency trades at $105,788, recording a 3% retrace in the weekly time frame. Still, Bitcoin holds to gains of over 52% in the year-to-date period. Featured image from DALL-E, chart from TradingView.com