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Ethereum price started a fresh decline below the $2,620 zone. ETH is now consolidating losses and remains at risk of more losses below $2,500. Ethereum started a fresh decline below the $2,600 level. The price is trading below $2,540 and the 100-hourly Simple Moving Average. There is a rising channel forming with support at $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,565 resistance zone in the near term. Ethereum Price Faces Resistance Ethereum price started a fresh decline below the $2,620 pivot level, like Bitcoin. ETH price declined below the $2,600 and $2,550 levels. The bears even pushed the price below the $2,500 level. The pair tested the $2,450 zone and started a consolidation phase. There was a minor move above the $2,500 level. The price climbed above the 23.6% Fib retracement level of the downward wave from the $2,680 swing high to the $2,455 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. Besides, there is a rising channel forming with support at $2,480 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,540 level. The next key resistance is near the $2,565 level. It is close to the 50% Fib retracement level of the downward wave from the $2,680 swing high to the $2,455 low. The first major resistance is near the $2,625 level. A clear move above the $2,625 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,540 resistance, it could start a fresh decline. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,240 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,450 Major Resistance Level – $2,540

A few altcoins have diverged from the market with sharp rallies. Here’s whether they can sustain the momentum, according to social media data. Social Media Has Started Paying Attention To These Altcoins In a new insight post, the analytics firm Santiment has talked about some altcoins that have recently diverged from the rest of the market with notable price surges. Here are the coins in question and how their monthly returns have looked: As is visible above, these altcoins have managed to deliver sizeable profits during a period where the major assets have printed losses. Bitcoin (BTC), for instance, is down around 2% on this timeframe. Among the listed alts, two are particularly prominent in terms of market cap size: Hyperliquid (HYPE) and WhiteBIT Token (WBT). The former has seen a rise of 51.6% and the latter 59.2%. Now, can these coins sustain their runs? One hint can come from social media data. Santiment has shared two indicators related to social media: Social Dominance and Positive/Negative Sentiment. The first metric, the Social Dominance, tells us about what part of social media discussions related to the top 100 assets a particular cryptocurrency is responsible for. The indicator determines this by comparing the asset’s Social Volume, a count of the posts/messages/threads on social media containing unique mentions of the coin, with the combined Social Volume of the top 100 cryptocurrencies. The other metric of interest, the Positive/Negative Sentiment, basically measures the ratio between the positive and negative sentiments present among the social media users. To determine this, the indicator runs the Social Volume of an asset through a machine-learning model to distinguish between bullish and bearish comments. It then takes the ratio of the two to find the net situation on these platforms. First, here is a chart that shows the trend in both of these metrics for Hyperliquid: As displayed in the above graph, the Social Dominance of HYPE peaked at 1.5% in May, but has gone down since then, despite the price continuing its surge. Nonetheless, the indicator has remained at 1.25%, which is still a notable level. Alongside this high attention, the Positive/Negative Sentiment has stayed at around 3.75, which suggests social media users have been making almost 4 times as many bullish comments related to the altcoin as bearish ones. Historically, altcoins have tended to move against the crowd’s expectations, so an excessive sentiment in either direction has often proven to be a reversal signal. This means that an overly bullish mood can actually lead to a top for an asset. Considering this, HYPE may not be in the best position for continuing its surge, at least from the perspective of sentiment. While Hyperliquid has seen a bit of a cooldown in Social Dominance, WhiteBIT Token has just seen a huge surge. That said, WBT’s Positive/Negative Sentiment hasn’t budged alongside this Social Dominance explosion, although it remains at a notable level of 3.07. Based on the trend, the analytics firm thinks, “we likely will see its price make a second run after its local top that just occurred on June 15th unless FOMO begins to make an appearance.” HYPE Price Hyperliquid has seen a sharp decline since its peak on Monday as its price has come down to $39, a potential sign that the social media hype may already be biting back.

Bitcoin price started a fresh decline below the $106,200 zone. BTC is now consolidating and facing resistance near the $105,500 zone. Bitcoin started a fresh decline below the $106,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $105,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,500 zone. Bitcoin Price Starts Consolidation Bitcoin price started a fresh decline below the $108,000 zone. BTC gained pace and dipped below the $107,000 and $106,000 levels. There was a clear move below the $105,500 support level. Finally, the price tested the $103,500 zone. A low was formed at $103,400 and the price started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $108,924 swing high to the $103,400 low. However, the bears were active below the $105,500 zone. Bitcoin is now trading below $105,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $105,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,200 level. The first key resistance is near the $105,500 level. The next key resistance could be $106,150. It is near the 50% Fib retracement level of the downward move from the $108,924 swing high to the $103,400 low. A close above the $106,150 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another decline. Immediate support is near the $104,200 level. The first major support is near the $103,500 level. The next support is now near the $102,650 zone. Any more losses might send the price toward the $101,200 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $104,200, followed by $103,500. Major Resistance Levels – $105,500 and $106,200.

Bitcoin (BTC) has seen a moderate price correction since June 11, falling from around $111,000 to just above $104,000 at the time of writing. While rising geopolitical tensions in the Middle East may be weighing on the asset, several analysts maintain that BTC’s long-term bullish trajectory remains intact. Bitcoin To Top At $205,000? In a recent CryptoQuant Quicktake post, contributor Carmelo Aleman pointed to the Bitcoin Yearly Percentage Trend as a signal of strong potential growth in BTC’s price through the rest of 2025. For the uninitiated, the Bitcoin Yearly Percentage Trend tracks BTC’s annual price performance since 2011, revealing a recurring pattern of three bullish years followed by one year of consolidation. This trend aligns closely with Bitcoin’s four-year halving cycle, helping investors identify long-term market phases beyond short-term volatility. Aleman shared the following chart to support his outlook for 2025. If BTC maintains the growth pace typically seen in the third year of this cycle, it could climb 120% in 2025. Such a surge would take BTC from $93,226 at the beginning of the year to as high as $205,097 – potentially marking the cycle top for this year. If realized, this would make 2025 the third consecutive year of gains and complete another full bullish cycle. This scenario suggests that BTC is currently in the final phase of its ongoing cycle, giving investors limited time to adjust their strategies to align with the market’s growth trajectory. Supporting this outlook, other cyclical metrics – such as Realized Cap – continue to post new all-time highs in 2025. Aleman concluded: The Bitcoin Yearly Percentage Trend is a tool that allows us to filter out daily market noise and reconnect with Bitcoin’s true cyclical nature. It reminds us that beyond micro metrics and short-term candles, Bitcoin adheres to a structural rhythm that repeats with striking consistency: three years of expansion followed by one of compression. On-Chain Indicators Suggest More Upside Beyond the Yearly Percentage Trend, several on-chain metrics continue to support a bullish case for BTC. Notably, both whale and retail BTC inflows to Binance have dropped to cycle-lows – often a sign that investors are holding in anticipation of further gains. Whales also appear to be accumulating ahead of a potential breakout. According to CryptoQuant analyst Amr Taha, Bitcoin whales withdrew 4,500 BTC from Binance on June 16 – a move historically associated with price rallies. Still, caution remains warranted. On-chain data indicates that short-term holders have been selling into the recent dip, which could temporarily suppress price momentum. At press time, BTC trades at $104,079, down 1.6% over the past 24 hours.

Dogecoin’s price is back at a crucial line. It’s testing the $0.168 area for a second time since mid‑April. A clear break could send the meme coin spinning lower. Bulls and bears are watching every tick. Key Support Under Scrutiny According to crypto expert Ali Charts, Dogecoin fell roughly 30% from its mid‑May high. That slide brought it down to the same $0.168 mark that held as support last April. If prices drop below that level on a weekly close, there are hardly any bids to slow the fall. Below $0.168 lies what traders call a “gap area,” where past buying activity was sparse. That could open the door to steeper losses and fast moves. Cup And Handle Pattern Based on reports, the current chart forms part of a four‑year cup‑and‑handle setup. The lower boundary of a symmetrical triangle sits right where the handle meets its cup. A clean break above the triangle’s upper trendline would point to a target near $0.75. That projection comes from the 1.618 Fibonacci extension of the cup’s depth. Hitting $0.75 would mean a 350% gain from today’s levels. Momentum Indicators Signal Weakness Momentum readings have lost much of their shine. After a brief golden cross in May, the 50‑day moving average slipped under the 200‑day in early June. The MACD line is widening beneath its signal, hinting at longer‑term selling pressure. The RSI sits at 42, under the neutral 50 mark, and drifting lower. Under 50 on the RSI often points to more sellers than buyers. With those readings turning sour, bulls need a strong bounce around $0.168 to stay alive. ETF Decision Could Swing Sentiment All eyes now turn to June 15, when US regulators may rule on a spot Dogecoin ETF. Approval would let traditional money flow in from big funds. A thumbs‑down or a delay, on the other hand, could spark fresh sell‑offs. That decision could make or break the next leg of Dogecoin’s move. According to CoinCodex data, Dogecoin has recorded 13 out of 30 green days over the past month, with price swings of about 10.57% on average. Their forecast pegs DOGE at $ 0.20 by July 18, a 17% rise from current levels. Market sentiment sits in the neutral zone, and on‑chain signals aren’t flashing clear buy or sell warnings. This week’s action around $0.168 will tell us if Dogecoin can steady itself. Holders and traders should watch volume, weekly closes, and that looming ETF call. If support holds, we may see a rebound. If it breaks, lower levels could come into view fast. Either way, Dogecoin is at a make‑or‑break moment—and everyone will be listening for the next big clue. Featured image from Unsplash, chart from TradingView

Bitcoin is navigating a highly volatile environment, as escalating Middle East conflicts and intensifying macroeconomic risks dominate global headlines. Despite mounting uncertainty, BTC continues to hold firm above the $104K level, signaling strong buyer interest at key support zones. Bulls remain in control for now, but hawkish macro conditions—such as elevated US Treasury yields, persistent inflation concerns, and geopolitical turmoil—pose serious risks that could drive BTC below the critical $100K mark. The market is divided on what comes next. Some analysts point to strong fundamentals and institutional adoption as fuel for a massive bull run, while others warn of a deeper correction before any upward continuation. Top analyst Darkfost emphasized the importance of monitoring on-chain behavior during such periods of uncertainty. According to CryptoQuant data, realized profits on Bitcoin (7-day moving average) show no major warning signs. Current profit-taking activity remains below $1 billion—similar to levels seen following the October 2024 correction—indicating that investors are neither panicking nor overly euphoric. This muted profit realization could be a sign that long-term holders are still confident in the broader trend, setting the stage for an eventual breakout once macro conditions stabilize. On-Chain Metrics Signal Calm Bitcoin Consolidates As the conflict between Israel and Iran escalates, fears of a broader war—and the possibility of US intervention—continue to weigh heavily on global markets. Investors remain on edge, with rising oil prices and weakening economic confidence feeding into macro uncertainty. Yet, Bitcoin seems largely unfazed. Despite the heightened geopolitical tension, BTC continues to consolidate just below its all-time high, showing resilience that has both bulls and bears second-guessing their next move. Fundamentally, Bitcoin remains strong. Institutional adoption is steadily increasing, and exchange supply continues to decline, reflecting a trend toward long-term holding and off-exchange accumulation. In many ways, BTC appears to thrive in this environment of volatility and uncertainty. According to on-chain data shared by Darkfost, realized profits on Bitcoin—measured by the 7-day moving average (7DMA)—show no major warning signs. Current profit levels remain under $1 billion, a range not seen since the end of the October 2024 correction. Even during the recent ATH surge, realized profits stayed well below the January 2025 peak. This lack of aggressive profit-taking suggests that most investors are still holding strong, neither panicking nor rushing to sell. That restrained behavior is playing a key role in Bitcoin’s ongoing consolidation. Without a wave of profit realization, there’s little pressure to force the market down—yet no catalyst strong enough to push it decisively higher either. Monitoring these on-chain signals will be critical in the coming days. If realized profits spike or exchange inflows surge, it may mark the beginning of a new phase. BTC Technical Analysis: Key Support Being Tested The 12-hour chart of Bitcoin (BTC/USD) shows the asset currently trading at $104,292, just above a crucial support level at $103,600. This area, which corresponds to the previous all-time high set in late 2024, has become a key battleground for bulls and bears. BTC has repeatedly bounced from this level in recent weeks, and its ability to hold could determine the direction of the next major move. BTC failed to break through the $109,300 resistance, forming a series of lower highs since tapping the $112,000 level. This suggests a weakening bullish momentum and highlights the importance of current price action around the 50-period SMA, which is now acting as short-term dynamic resistance. Volume has remained relatively stable but showed slight upticks during recent pullbacks, hinting at cautious selling rather than full-blown capitulation. The 100-period and 200-period SMAs, currently sitting at $104,065 and $94,617, respectively, offer additional support beneath the current range, with the 100-SMA now directly aligned with the horizontal $103,600 level. If BTC breaks and closes below this demand zone with volume confirmation, it could trigger a move toward the $100K psychological support. Conversely, a strong bounce from here would reinforce the ongoing consolidation and keep the path open for another test of $109,300. Featured image from Dall-E, chart from TradingView

The XRP Ledger (XRPL) is witnessing increased network activity, which is bullish for its native token’s price. On-chain data also shows that whales are actively accumulating XRP, with the addresses holding one million coins recently reaching a new high. XRP Ledger Records Massive Growth In Past Week In an X post, on-chain analytics platform Santiment revealed that the XRP Ledger is showing signs of growth, from both a usage and key stakeholder perspective. The platform revealed that there are now over 2,700 whale and shark wallets holding at least 1 million XRP for the first time in the token’s 12-year history. Additionally, Santiment stated that the number of active XRP addresses has averaged over 295,000 daily over the past week. This is notable as the normal daily average over the past three months was between 35,000 and 40,000. It is worth mentioning that the XRPL recorded some major developments last week. One is the launch of Circle’s USDC stablecoin on the XRP Ledger. This is expected to boost network activity given the increasing demand for stablecoins. Crypto analyst Moon Lambo predicted that this would increase the total value locked (TVL) on the network. He also noted how this was bullish for the XRP price, since users will need the token for every USDC transaction. Furthermore, Ondo Finance launched its tokenized US treasury fund (OUSG) on the XRP Ledger last week, which could have also contributed to the surge in network activity. The BlackRock-backed fund will be mintable and redeemable using the RLUSD stablecoin. Meanwhile, Guggenheim also recently partnered with Ripple to launch the first Digital Commercial Paper on the XRPL. Expert Predicts Price Rally Above $4 Amid the surge in network activity on the XRPL, crypto analyst Javon Marks has predicted that the XRP price could rally above $4 and even reach as high as $8. He stated that the altcoin is holding a clear breakout and is getting ready for a major bullish continuation. Marks added that the targets are at $4.80 and $8, marking new all-time highs (ATHs) for XRP. Crypto analyst Dark Defender recently alluded to a previous analysis in which he stated that the XRP price could make a decision within two weeks. The analyst is confident that the altcoin could rally to as high as $6 on this Wave 5 impulsive move to the upside. He has also previously predicted that XRP would reach double digits in this market cycle. On the other hand, it is worth mentioning that the XRP price has again dropped below the $2.25 level. Crypto analyst CasiTrades had warned that the support levels at $2.01, $1.90, and $1.55 could be in play if the $2.25 level holds as resistance. At the time of writing, the XRP price is trading at around $2.16, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Karelian Diamond Resources (AIM: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. According to the diamond miner, the licence covers an area with documented historical mining activity and geological indicators that it believes to be favourable for copper mineralization. The copper target was identified following initial desk-based studies and reconnaissance work on the area, which highlighted the site of the historic Cappagh copper mine as a potential exploration focus. The potential copper discovery, says Karelian, would complement the nickel-copper-PGE (platinum group elements) already identified across the company’s broader licence holdings in the region. “The identification of the historic Cappagh copper mine within the recently granted KDR4 licence area is a very exciting development,” said Maureen Jones, managing director of Karelian. Detailed exploration programs, including geological mapping and geochemical sampling, are now being planned to fully assess the potential of the Cappagh copper mine and the adjacent area. Earlier this week, Karelian announced it successfully registered the Lahtojoki mining concession in Finland, a pivotal step in the company’s plan to develop what could be the European Union’s first diamond mine.

Tron has captured renewed attention following a major development: its planned entry into public markets. Justin Sun, Tron’s founder, has reached a deal with Nasdaq-listed SRM Entertainment (SRM.O), under which SRM will acquire Tron-related tokens, rebrand as Tron Inc., and appoint Sun as an adviser. This move marks a significant step in bridging the gap between blockchain projects and traditional finance, potentially making Tron one of the first major public blockchain entities. Meanwhile, rising geopolitical tensions in the Middle East have sparked volatility across the broader crypto market, including Tron. Despite this uncertain macro environment, Tron’s on-chain fundamentals remain strong. Top analyst Darkfost shared data showing that Tron’s daily transaction volume has surged from 2.5 million in 2021 to over 9 million today. This exponential growth underscores a sharp rise in user activity and developer engagement across the network. The sustained increase in transaction volume also reflects growing confidence in Tron’s infrastructure as a scalable and reliable alternative to other high-throughput blockchains. With both institutional exposure via SRM and strong on-chain growth, Tron finds itself at a pivotal moment in its evolution—one that could reshape its trajectory in the months ahead. Tron Retraces After Public Listing Surge: Network Fundamentals Remain Strong Tron is currently trading around key demand levels after a sharp retrace from Monday’s breakout rally. The surge—triggered by the announcement that Tron would go public via a deal with Nasdaq-listed SRM Entertainment—briefly sent TRX up over 9%, generating widespread attention. However, escalating tensions between Israel and Iran have weighed on market sentiment, dragging the price back to pre-announcement levels. Despite short-term volatility, Tron’s fundamentals continue to paint a bullish picture. According to Darkfost, the Tron blockchain has demonstrated strong and consistent growth since 2021. Daily transaction volumes have risen from 2.5 million to over 9 million, reflecting increasing adoption and sustained demand for its infrastructure. This activity surge signals heightened investor interest and developer confidence in the network. Yet, high volume alone doesn’t guarantee quality. What sets Tron apart is its impressive transaction success rate, which has remained above 96% throughout this growth phase. This reliability counters criticisms often aimed at other high-throughput chains like Solana, where failed or spammy transactions can inflate metrics. Additionally, Tron’s block production has remained stable and linear, showcasing its operational consistency. Even amid rising global transaction fees, Tron continues to attract usage, suggesting that users still view it as a cost-effective, scalable solution. This blend of high performance, strong demand, and network resilience positions Tron as one of the most technically mature blockchains in the current market cycle. If macro conditions stabilize, Tron’s public listing and robust on-chain metrics could reignite bullish momentum. TRX Price Analysis: Key Support Levels Hold Tron (TRX) is currently trading at approximately $0.273, consolidating just above the 50-day simple moving average (SMA), which sits around $0.268. After a sharp spike on Monday that pushed the price toward $0.30 following the announcement of Tron going public, the price retraced back to pre-announcement levels amid escalating geopolitical tensions in the Middle East. Despite this pullback, TRX remains in a bullish structure on the daily chart. The 100-day and 200-day SMAs, currently around $0.252 and $0.253, respectively, continue to trend upward and act as solid dynamic support, confirming that the medium- to long-term trend remains intact. Volume surged on the breakout but has since cooled, which is expected during periods of consolidation. Technically, TRX is forming a higher low structure while staying within a broader uptrend that began in late March. As long as the price holds above the $0.268 support level, bulls may attempt another push toward $0.285 and potentially retest the recent high near $0.30. A break below $0.268 could invalidate the bullish momentum and trigger a move toward the $0.252–$0.255 zone. For now, price action remains constructive as TRX holds above all major moving averages and key structural support. Featured image from Dall-E, chart from TradingView

Interest is building among XRP investors after Crypto Beast, a well‑known analyst, put forward a bold forecast. He sees a minimum breakout level of $8 on the horizon. With the US Securities and Exchange Commission no longer posing a roadblock, Crypto Beast believes XRP has a clear path ahead. His view rests on the idea that the market still hasn’t fully priced in XRP’s cleared status with regulators. Short‑term traders and long‑term holders alike are tuning in. Regulatory Milestone And Market Reaction According to court records, XRP won a key victory in July 2023 when Judge Analisa Torres ruled that it’s not a security under US law. That moment sent XRP from about $0.48 to $0.93 very fast. But prices slipped back over the next few weeks, bringing it down to the $0.50 area again. Then, after US President Donald Trump won re‑election and signaled a shake‑up at the SEC, XRP marched into a new range around $2.00. Despite that climb, Crypto Beast argues the legal win hasn’t been fully valued by the wider market. Technical Pattern Points To Upside Crypto Beast pointed to a bull flag chart pattern that starts with a rally from $0.40 up to $3.40. A flag pattern formed when XRP pulled back into the $2.00–$3.00 zone. He marked the breakout level at $3.37. By measuring the height of that $3.00 pole and adding it to the low of the flag, he arrived at a target near $10.69. In another post, he set a more conservative floor of $8.80, a roughly 4x gain from today’s price around $2.20. That kind of move would push XRP’s market cap above $500 billion, putting it in league with big firms like Oracle, Netflix and Mastercard. Broader Crypto Trends And Correlation Based on reports from his channel, Crypto Beast isn’t just upbeat on XRP price about to “explode”. He’s looking for a 3x rise in Solana, a 2x pop in Ethereum and a 5x run in SUI. Even more, he’s penciled in potential 40x gains for select smaller tokens. Still, these forecasts rest on a growing crypto mood—mostly led by Bitcoin. When BTC stalls or dips, large altcoins often follow suit. So any rally in XRP may need fresh money flowing into the whole market. Risks And Exit Strategy Crypto Beast says he’ll flag when it’s time to sell. He reminded followers that patterns do fail and charts alone can’t guarantee gains. A sudden market shift or a change in macro sentiment could spoil the setup. He advises setting stop‑loss levels and watching BTC for hints. His trust in XRP’s future is strong, but he wants traders to be ready for any twist. Featured image from Pexels, chart from TradingView

Log in to today’s North American session Recap for June 18 Today's session was filled with headlines surrounding the ongoing Iran-Israel conflict, but markets have shown limited reaction—at least for now. One potential trigger for broader risk-off sentiment remains the possibility of direct U.S. involvement, which appears increasingly likely. President Trump, true to form, has remained characteristically vague on the matter. On the sidenote, markets have been cut short from their volatility despite a well-anticipated FED Meeting and the release of the Summary of Economic Projections. Only cryptocurrencies have corrected amid some continuation of profit-taking. Oil prices have been volatile, trading within a $73–$75 range and experiencing a sharp pullback after briefly touching new weekly highs at $75.70. Equity indices are sending mixed signals. Major U.S. indices ended the day flat, with the exception of the Russell 2000, which closed up 0.55%. In contrast, European markets mirrored that move in reverse, finishing down by roughly the same margin. Japan’s Nikkei stood out with a 1.08% rally. Read More: US Dollar finds a bottom as Fed Funds stay unchanged 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.

Australian space exploration company Fleet Space Technologies announced Wednesday a series of partnerships with innovators mDetect, Nomad Atomics, and DeteQt. The collaborations aim to expand the technology frontier of the mining industry by developing the next generation of sensors needed to fuel the growth of AI-powered mineral exploration, the company said. mDetect specializes in muon tomography, a passive imaging technique that utilizes naturally occurring particles from space known as muons to create 3D density maps of the subsurface. Nomad Atomics is developing high-precision quantum gravimeters and accelerometers while DeteQt produces patented ‘diamond-on-chip ‘ quantum magnetometers, portable sensors that detect vector magnetic fields. Fleet Space said it will advance the acquisition and processing speed of geophysical datasets and build an innovation path for muon tomography to become input for enhancing the geological predictions of modern AI systems. As part of its expansion of its ExoSphere platform, the company is advancing exploration technology development with Stanford’s Mineral-X and MIT’s Space Exploration Initiative. Last year, Barrick tapped Fleet Space’s technology to advance copper exploration at its Reko Diq project in Pakistan, and this year inked a deal with Saudi state miner Ma’aden to deploy ExoSphere across 12,000 km^2 of the Arabian Shield. “We must build the deep technologies and infrastructure that integrate breakthrough sensing modalities into a unified system,” Fleet Space CEO Flavia Tata Nardini said in a news release. “With our ExoSphere platform, Fleet Space has created the next-generation of satellite-connected geophysical methods while also investing in the development of frontier technologies like quantum gravimetry and muon tomography to enhance the predictive power of AI in exploration on a planetary scale.”

The Ethereum price action is showing remarkable similarities to its 2017 market cycle, with analysts pointing to a near-identical technical setup and market behaviour. Crypto analyst Merlijn the Trader, who shared a side-by-side weekly chart comparison of 2025 and 2017 on X (formerly Twitter), suggests that Ethereum is now following the same breakout pattern that once led to a historic rally. This time, however, the analyst believes that the move could be even more significant. Ethereum Price Mirrors Historic Breakout Pattern In the current 2025 chart, Ethereum has reportedly claimed the 50-week Moving Average (MA) after months of downward pressure and range-bound movement. Following a decisive breakout from support levels near $2,250, the price of the cryptocurrency is now consolidating below the 50 MA, forming a tight sideways pattern. According to Merlijn the Trader, this structure is visually and technically similar to price movements that occurred in late 2016 and early 2017, just before Ethereum began a powerful upward surge. The analyst’s 2017 Ethereum chart shows the altcoin breaking above the 50 MA, followed by a brief period of sideways action under resistance. Once momentum was built, the price launched into a parabolic rally that marked the beginning of its major bull cycle. Notably, the 2025 chart situated on the right panel displays an almost identical playbook to the 2017 setup, with Ethereum moving out of a prolonged accumulation phase and into a zone of consolidation beneath key resistance levels. However, this time, market conditions are significantly different. The analyst notes that the crypto space is far more developed, with increased institutional involvement, broader retail adoption, and growing infrastructure supporting Ethereum’s ecosystem. While the technical patterns align closely with the 2017 breakout, the scale and context suggest that the potential upside could even be greater. The similarities between Ethereum’s 2017 and 2025 price action lie in the timing of the 50 MA reclaim and the tight range of consolidation that follows. If ETH can maintain this trajectory and break above the current resistance zone, it could mark the beginning of a fresh macro rally, which the analyst predicts will not just repeat history but possibly amplify it. Ethereum Eyes $4,000 As 2017 Pattern Repeats Based on Merlijn The Trader’s comparable chart analysis, Ethereum may be on the verge of a major breakout, with technical patterns pointing to a potential price target above $4,000. In the 2017 setup, Ethereum skyrocketed past $28 from a low between $6 and $7.5 after reclaiming the 50 MA. If history is any guide, Ethereum’s next move could propel it from its current price of $2,541 to $4,000, which aligns with the upper red horizontal line on the 2025 price chart or above the line to fresh all-time highs, with no ceiling in sight, according to the analyst.

The weekly opened had seen the US Dollar retreat but one ongoing theme is of an overdone USD selling – With war headlines coming out by the minute, the Dollar Index has failed to break new lows and is making its way to the 99.00 pivot zone. Jerome Powell is currently speaking at the FOMC Rate Decision Press Conference. This nice chart offered by Bank of America in their latest Global Funds Manager Survey shows how positioning is changing – Reminder that it's more an opinion from the Funds Managers than numbers, as global exposure to USD assets is still massive. 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.

BNB finds itself at a pivotal moment as price action tightens between two critical technical zones. After a period of consolidation, the cryptocurrency is testing resistance near the 200-period moving average, hovering around the $653 mark. Meanwhile, support around the $640 level continues to hold firm, acting as a safety net for bulls trying to defend the current structure. 200 MA Acts As A Ceiling Against BNB Uptrend According to Thomas Anderson in a recent X post, the M15 BNB chart reveals that the price is currently testing resistance around the $651.50 level, marked by a horizontal yellow line. This move follows a recent bounce off the ascending white trendline support, indicating that buyers are still defending the short-term uptrend. However, price action remains just beneath the 200-period moving average (red line), which is acting as a dynamic resistance zone near the $653 mark. Momentum indicators are offering mixed signals at the moment. The MACD continues to print negative values, showing that bearish pressure hasn’t fully dissipated, while the RSI has started recovering from previously oversold conditions. This combination suggests the potential for a short-term bounce within the ascending channel. M30 And H1 Charts Are Aligning In an updated post, the analyst also went further to examine the BNB M30 chart, where price is currently trading at $650.10 and appears to be consolidating just below the 200-period moving average (red line) situated around the $653 level. This area is acting as a key short-term resistance zone, and price action has shown hesitation around it, reflecting a battle between buyers and sellers. Interestingly, the H1 chart mirrors this behavior, showing a broader ascending channel structure that suggests an underlying bullish bias, though still unconfirmed. The immediate resistance to watch remains near the $653 mark, aligned with the 200 MA on both the M30 and H1 timeframes. If bulls can muster enough strength to break and sustain above this level, it could trigger a fresh wave of upward momentum for BNB toward the next resistance at $657. This would represent a potential continuation of the ascending channel’s structure and hint at growing bullish control in the short term. On the flip side, if price fails to push above the $653 resistance, consolidation may begin to lose steam. In such a scenario, a retreat toward the previous swing low near the $640 level becomes likely. This support area has already proven its strength and could be the next level of defense if bearish pressure increases. Traders are watching closely, as these levels may determine BNB’s next directional move.

In a post on June 17, prominent crypto strategist Astronomer (@astronomer_zero) outlined his high-conviction roadmap for Bitcoin’s next major breakout, emphasizing that timing—not just price—is the most critical factor for those still on the sidelines. Despite projecting a continuation of the broader uptrend that began at $18,000 in 2023, Astronomer warned that jumping in prematurely could blunt the risk-reward ratio of the next leg. “Planning to buy now into BTC is expected to net you a move of over 70% in a short period of time,” he wrote. “But the closer we get to those 10 weeks, confirmed with price action, the closer BTC is to breaking out.” Buy Bitcoin Now? His primary thesis: Bitcoin’s breakout will not occur before June 30, and any significant move is statistically more likely after that date. This aligns with what he calls one of the “most ancient crypto mechanics”—Bitcoin moves first, and altcoins follow. Astronomer’s roadmap presents a tiered accumulation strategy rooted in probabilistic support zones. “Upon statistical analysis, the expected close before going up only is around $103k,” he wrote. “Probably a good level to start getting involved. […] The expected level to be reached based on all prior signals (lowest wick) is $96k. Probably a good level to buy heavy if given. […] And finally, the expected lowest close is $90k. Probably a good level to allocate (almost) all your dry powder.” But beyond the price levels, Astronomer places stronger emphasis on timing: “If the price doesn’t go as deep into the $90’s—which I don’t think is very likely—I expect June to close between $95-110k and not go much lower. Then I’d buy more and more the closer we get to those 10 weeks regardless of the price. Time is more important than price.” He also pointed to structural market dynamics supporting his thesis, including a bullish spot-to-perpetual rotation: “The order books start to rotate towards green into spot, red into perps (aggressive shorts, aggressive spot buys), simply visible with the increasing spot premiums.” Adding to the signal strength is a recent weekly hash ribbon print—“one that never failed,” he noted. Astronomer further offered guidance for navigating altcoins, advising traders to wait for the breakout rather than attempting to catch falling knives. “Buying alts when BTC breaks out […] is smarter than trying to knife catch them. To eliminate the drawdown and reap the upside rewards.” Summarizing his plan, he said, “If I was sidelined, I’d look to buy below $103k and as much as possible as close to $90k as possible. And the closer we get to those 10 weeks, confirmed with price action, the more confident I become.” Astronomer’s final message underscores that his bullish stance hasn’t changed since the flip at $18K: “No top being in yet, until we reach at least 170k+. That is the plan.” And for those still unsure? He offers a blunt reminder: “This post is indeed on the backbone of our overall bull market masterplan. Good information if you want to make money—even if you’re sidelined, holding, or want to top up your bags.” At press time, BTC traded at $105,094.

Get ready as there is less than an hour to the FOMC Rate Decision, broadly expected to stay unchanged. What will be more market moving are the Summary of Economic Projections (SEP), released in every Quarterly meetings. Both will release at 2:00 P.M. E.T. – We will update this page with the latest report as it gets released. Don't forget to tune in to FED Chair Powell's speech starting at 2:30 P.M. You can access the Powell livestream here. March Meeting (past) SEP 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 recent four-week rally in the EUR/AUD cross pair, from the 14 May 2025 low of 1.7254 to the 13 June 2025 high of 1.7884, may have reached an inflection point where the odds now favour the start of another potential medium-term (multi-week) corrective decline sequence. close Fig 1: EUR/AUD medium-term trend as of 19 June 2025 (Source: TradingView) Fig 1: EUR/AUD medium-term trend as of 19 June 2025 (Source: TradingView) Preferred trend bias (1-3 weeks) Bearish bias with key medium-term pivotal resistance at 1.7890, and a break below the 1.7625 near-term support (intersection area of the 20-day and 50-day moving averages) exposes the medium-term supports of 1.7475 and 1.7255. Key elements The upward move of the EUR/AUD from the 14 May 2025 low to the 13 June 2025 high has triggered a bearish reaction at the upper boundary of a medium-term descending channel that is still evolving from the 9 April 2025 medium-term swing high. The 20-day and 50-day moving averages have turned flat, which suggests that the prior minor uptrend phase from 14 May 2025 low to the 13 June 2025 high has ended. The 4-hour RSI momentum indicator has printed a series of “lower highs” and inched below the centreline without hitting the oversold region yet (below 30). These observations suggest bearish momentum has surfaced. Alternative trend bias (1 to 3 weeks) A clearance above 1.7890 swings the pendulum back to bulls for the start of another potential impulsive bullish up move sequence within its major uptrend phase to see the next medium-term resistances coming in at 1.7980 and 1.8150 in the first step. 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.

Weir Group announced Wednesday it has signed a binding agreement to acquire US-based engineering product maker Townley, as well as its foundry business, for an enterprise value of £111m ($150m). Weir says this acquisition will help strengthen the group’s market channels and manufacturing footprint in North America, including in the phosphate market, a key mineral in fertilizers. The deal will be financed from Weir’s existing debt facilities and has no impact on its previous debt guidance for fiscal years 2025 and 2026, the Glasgow-based firm said. The transaction is expected to be completed in the third quarter of 2025, subject to the customary US antitrust approvals. North American expansion Founded in 1963, Townley provides mining wear and abrasion solutions with a product range including slurry pumps, dredge pumps, cast foundry products, valves, urethane parts, hoses and rubber linings. Its operations are based in Ocala, within the phosphate mining region of north-central Florida. Townley’s strategic locations, according to Weir, will enhance the firm’s existing North American channels to market and provide access to new customers. The in-region manufacturing capabilities of Townley will also enable Weir to drive further localization and lead-time reduction within North America, it added. “The acquisition of Townley will significantly enhance our geographic presence in North America, enabling us to serve customers in the region more effectively and sustainably,” Weir CEO Jon Stanton Weir said in a statement. “It enhances our domestic manufacturing platform and strengthens Weir’s position in the attractive market for phosphate, an important mineral in the fertilizers that are needed to support population growth.” Post-completion, Townley’s business will be integrated into the North American region within Weir’s Minerals division. The deal is expected to be EPS accretive in the first full year of ownership, with return on invested capital expected to exceed weighted average cost of capital in 2028, Weir said.

Cryptocurrency markets are holding tight despite anxious and volatile conditions. Bitcoin is trading in a volatile range but still consolidating above the 100,000 Key mark, and Ethereum, which attempted a breakout last week, saw this attempt rejected and is now back to its initial range. New highs are tough to attain for risk-assets as the Market tone gets more pessimistic, however, one of the first uses for cryptocurrencies is a hedge against fiat currencies that get thrown around amid geopolitical turmoil – Something to keep in check if anything major materializes. The total market cap for cryptocurrencies is holding above $3 Trillion – Keep this in check to spot any major outflows. The Total market cap came shy of $3.5T as Bitcoin hit its last record highs of $112,000, but still hasn't broken the $3.70T record hit in December 2024. Read More: Markets Today: Oil Retreats, UK Inflation Falls, FTSE 100 Holds the High Ground Ahead of the FOMC Meeting Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin has continued to hover above the $100,000 mark over the past few days, and its price action has stabilized around $105,000 in the wake of recent market tensions and despite inflows into Spot Bitcoin ETFs. A new analysis shared by crypto market commentator Gert van Lagen suggests that this current phase is going to precede an explosive move similar to those seen in previous market cycles. Backing his prediction with historical data and Glassnode’s AVIV Ratio chart, the analyst noted that the current on-chain structure echoes moments before Bitcoin’s major rallies in past bull markets. AVIV Ratio Flashes Familiar Pattern Before Market Top Bitcoin’s price volatility has slightly cooled since the initial surge to a new all-time high above $111,800 in May, and the latest candlestick structure suggests it may be preparing for another leg higher. Taking to the social media platform X, Gert van Lagen revealed a Bitcoin price prediction that centers around the true market Deviation metric known as the AVIV Ratio. This orange-colored line on the chart tracks a specific deviation in Bitcoin’s market behavior and has always crossed a red line denoting +3 standard deviations at or just before cycle tops. The current AVIV behavior can be compared to previous price points before market tops in previous cycles. For instance, in 2013, the AVIV Ratio flagged a major rally when Bitcoin was trading near $200, shortly before the price pushed past $1,200. In 2017, the metric behaved similarly when Bitcoin was trading at $3,700 and later peaked near $20,000. The current AVIV Ratio can also be compared to when Bitcoin was priced at $13,000 in the 2021 bull market run, before its surge to an all-time high of $69,000. According to the analyst, today’s AVIV ratio level is closely aligned with those previous mid-cycle breakouts. The current ratio has not yet crossed the red +3σ line, which the analyst refers to as the cycle top trigger. As such, its current reading suggests Bitcoin may be in the early phase of a major bull market expansion. If history repeats itself, a 3x move from today’s levels would be a standard price move in line with previous price action. $300,000 Target Within Sight If AVIV Behavior Holds Crypto analyst van Lagen stops short of calling for an immediate top, but his analysis implies that Bitcoin could be preparing for a new parabolic surge to the upside. Using the AVIV model as a reference, a conservative 3x multiplier on the current Bitcoin price places a possible target around $300,000. At the time of writing, Bitcoin is trading at $104,997, having decreased by 1.4% in the past 24 hours. This decline has brought its price down from an intraday high of $106,795 back into its consolidation range around $105,000.

Fed day has arrived and in just a few hours we will hear from Federal Reserve President Jerome Powell as well as get information on the Feds economic projections. President Trump renewed his scathing assessment of the Federal Reserve and in particular Chair Jerome Powell. Trump said he’ll wait until Powell is out before thinking long-term. He also mentioned he doesn’t expect Powell to cut rates today, criticized his performance as poor, and stated that interest rates should be two percentage points lower. close Source: TradingView.com Source: TradingView.com Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6042, up 0.45% on the day. The New Zealand dollar sustained sharp losses a day earlier, declining 0.75%. New Zealand GDP expected to fall 0.8% The New Zealand economy is in recession and the markets are bracing for a contraction in first-quarter GDP of 0.8%. The economy declined in Q4 2024 by 1.1%. A weak GDP report would put pressure on the Reserve Bank of New Zealand to reduce interest rates at the next meeting on July 9. The Reserve Bank has been aggressive and lowered rates for a sixth straight time in May to 3.25%, for a total of 225 basis points. US retail sales take a hit Is the resilient US consumer showing cracks? US retail sales slumped in May, falling 0.9% m/m. This was well below the revised -0.1% reading in April and worse than the market estimate of -0.7%. Annually, retail sales fell to 3.3%, down sharply from a revised 5.0%. The monthly retail sales is particularly concerning because it marked a second straight decline. The pre-tariff spike in consumer spending has fizzled as the tariffs have taken effect. Consumers are wary that the tariffs will boost inflation and dampen consumer spending power and concerns about hiring have risen, prompting consumers to batten down the hatches in anticipation of tougher times ahead. If additional key US data heads lower, this will increase pressure on the Federal Reserve to lower interest rates. The markets have priced in a hold at Wednesday's meeting at practically 100%, with little chance of a rate cut before September. NZD/USD Technical NZD/USD is testing resistance at 0.6035. Above, there is resistance at 0.60600.5990 and 0.5965 and providing support close NZDUSD 1-Day Chart, June 18, 2025 NZDUSD 1-Day Chart, June 18, 2025 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.

As geopolitical tensions in the Middle East continue to impact cryptocurrency prices, with Bitcoin (BTC) recently dipping below the $105,000 mark, market analyst VirtualBacon has shared insights suggesting that altcoins are gearing up for a potentially robust summer. Emerging AI Memecoins In a recent update on social media platform X (formerly Twitter), he highlighted several promising developments within the altcoin space. VirtualBacon pointed to an emerging wave of AI-focused Layer-1 blockchain projects, many backed by prominent figures in both the cryptocurrency and traditional finance sectors. He mentioned several names to watch, including Sahara Labs, Sentient AGI, and Gaianet, among others. While these projects have yet to release tokens, many are expected to conduct airdrops or early access rounds, presenting opportunities for early investors. For those seeking “higher-risk, high-reward investments,” VirtualBacon noted the impressive performance of artificial intelligence (AI) agent memecoins. He cited the launch of IRIS, which skyrocketed from a $220,000 fully diluted valuation (FDV) to $120 million, representing a 600x return. Platforms such as Virtuals, CreatorBid, and SeedifyFund are turning user engagement into allocation opportunities, likening this phenomenon to a form of airdrop farming on steroids. In addition, VirtualBacon highlighted a relatively overlooked area: Bittensor subnet tokens. He mentioned that seasoned investors can now acquire early-stage subnets directly on Bittensor’s chain, with projects like SN65_TPN and inference_labs raising capital through token auctions at valuations below $4 million. Stablecoins Take Center Stage Turning to real-world assets (RWAs), VirtualBacon advised focusing on mid-cap infrastructure projects with tangible revenue streams. He pointed to CHEX and CPOOL, which has shown consistent upward movement, as examples of promising investments. Another emerging narrative is the merger and acquisition activity involving public companies and crypto projects. VirtualBacon noted that Tron is set to go public through a Nasdaq reverse merger, while Mixie has been acquired by Netcapital, which boasts a team that includes notable figures like Tim Draper and a co-founder of Helium. A particularly intriguing development is World Liberty Financial (WLF), co-founded by Eric and Donald Jr. Trump, which aims to become a major player in the decentralized finance (DeFi) space. With plans for its own stablecoin, USD1, and expected to launch in October, the token could have an estimated FDV of $10–15 billion, a conservative projection given its potential. VirtualBacon also pointed out that stablecoins are becoming central to macroeconomic strategies. Tether now ranks as the fifth-largest holder of US Treasuries, highlighting the increasing need for buyers in the market. The analyst urged investors to keep an eye on stablecoin projects that integrate artificial intelligence technology and yield generation, such as USD1, Circle’s USDC, and others. Liquidity Shifts To Altcoin Platforms In the gaming sector, liquidity is coalescing around BlackholeDex, a decentralized exchange (DEX) backed by the AVAX Foundation. With a fee-sharing model similar to Aerodrome and Shadow, BlackholeDex has launched veNFT staking, aligning long-term incentives for users. Lastly, in the Solana ecosystem, Saros DLMM is emerging as a strong competitor to existing platforms like Jupiter and Meteora, utilizing similar bucket-based liquidity pools but with lower fees. It also plans a RADY meme airdrop for SAROS stakers, which could attract early adopters and fuel rapid growth, thus closing the list of highlighted altcoins. As of this writing, Ethereum, the market’s leading altcoin, is trading at $2,521. It has consolidated above this level after dropping sharply from its two-week high of $2,878. Featured image from DALL-E, chart from TradingView.com

Troilus Gold (TSX: TLG) announced on Wednesday it has reached terms with Germany’s Aurubis AG for an offtake agreement on future production of concentrates from its copper-gold project in Quebec. The final agreement, says Troilus, is expected to be executed in connection with the project’s broader $700 million debt financing package announced in March 2025. The financing is being structured by a syndicate of global financial institutions, including Société Générale, KfW IPEX-Bank and Export Development Canada. This financing arrangement follows financial backings Troilus received last year from four global export credit agencies to support the project’s construction. Among those was Euler Hermes, which on behalf of the German Federal Ministry for Economic Affairs and Climate Action expressed its interest in providing a $500 million loan, contingent on an offtake agreement with Aurubis. Hamburg-based Aurubis is Europe’s largest producer of refined copper, with over 20 production and sales sites across the globe. “Reaching an agreement on indicative offtake terms with a world-class partner like Aurubis marks a key milestone as we advance toward construction of the Troilus mine,” Troilus CEO Justin Reid commented in a press release. “This agreement enhances both the technical and financial readiness of the project and reflects the quality of concentrate we expect to produce.” “The agreement with Troilus further strengthens our global raw material portfolio with high-quality concentrates and reinforces our competitive position in the international market,” Aurubis COO Tim Kurth stated. $1.1B project Situated in the Val-d’Or district of Quebec, Troilus’ flagship property is host to a former mine that produced nearly 70,000 tonnes of copper between 1996 and 2010. The company acquired the project in 2017 with a view of restarting the mine operation. As outlined in a feasibility study last May, the Troilus project would require an initial capital of $1.1 billion to build. Over an estimated 22-year mine life, it is expected to produce on average 135.4 million lb. in copper equivalent, or 75,000 wet metric tonnes in concentrate, annually. The mine project has an after-tax net present value (at 5% discount) of $884.5 million and an internal rate of return of 14% under the base case scenario. The payback period is estimated at 5.7 years.