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Binance, the world’s largest crypto exchange, officially opened its platform to users in Syria. The move comes a month after the US and the European Union (EU) lifted a long-standing economic sanctions on the Syria. Now Syria is no longer classified as a prohibited country for Binance. Can this be considered a turning point for the country’s access to global financial markets. According to a 12 June 2025 Bloomberg report, Binance Chief Executive Officer Richard Teng said in a statement, “After years of exclusion, Syrians now have the chance to build, invest, and connect.” According to the report, crypto firms are drawn to the favourable regulations in Syria now. https://twitter.com/DrCrypto__X/status/1933084398393397516 However, in compliance with applicable sanctions, platforms like Binance previously did not serve users in Syria. “Even as crypto became a lifeline for people facing inflation or relying on cross-border remittances, access remained out of reach. That changes today,” Binance added. Binance CEO Richard Teng took to X to say, “Welcome, Syria! You can now join Binance and be part of our global crypto community.” DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales Key Takeaways Binance’s entry into Syria is not a limited or experimental launch. Instead, the exchange is offering full access to its entire suite of products and services for Syrian residents. Binance CEO Richard Teng took to X to say, “Welcome, Syria! You can now join Binance and be part of our global crypto community.” The post Binance Opens Trading In Syria After US, EU Lift Sanctions appeared first on 99Bitcoins.

The second edition of our Rare Earths series breaks down global extraction at the mine level, country by country. It then regroups those nations into five geopolitical spheres of control: the American Sphere, Chinese Sphere, Russian Sphere, Coalition of the Willing, and the Undrafted. While the first graphic showed the American Sphere holding 25% of global reserves and the Chinese Sphere 53%, this update shows a stark imbalance in actual output. The Chinese Sphere dominates mine-level extraction, generating a staggering 77% of the world’s rare earth production. Watch: In this 18-minute presentation at the CentralMinEX conference in Newfoundland, TNM Group President Anthony Vaccaro examines how the world is fracturing into competing spheres of control. (By Anthony Vaccaro; Files from: Ali Ravaghi; Creative: James Alafriz)

The XRP price is reportedly positioning for a potential breakout as it forms a textbook Falling Wedge pattern, which a crypto analyst calls a perfect bullish setup. After a successful retest of a keg buy zone, technical indicators suggest that XRP is preparing for a powerful move toward the $3.7 level soon. Falling Wedge Setup Signal XRP Price Breakout XRP is currently entering what Robert Mercer, a TradingView crypto analyst, describes as the perfect breakout setup following a prolonged period of consolidation. This technical structure suggests that XRP could potentially experience a sharp rally from its current price of $2.25 to the $3.70 level. Notably, on the 2-day XRP price chart, Mercer noted that the cryptocurrency has been consolidating within a Falling Wedge pattern since late December 2024. Since establishing a local bottom at $2.11 in the same timeframe, the altcoin has repeatedly tested this bottom level without breaking below it in a sustained manner. The $2.11 price zone has also acted as a reliable horizontal support level throughout the six-month Falling Wedge formation. Meanwhile, XRP’s price action has been gradually compressing within the wedge pattern, indicating reduced volatility and increasing pressure near the wedge apex. Looking at the TradingView analyst’s chart, it appears that XRP is now approaching the Falling Wedge resistance at the upper boundary, which coincides with the $2.45 level, where a buy retest has occurred. This convergence is viewed as a potential confirmation zone. If buying momentum continues and XRP closes decisively above $2.45, the breakout would confirm the end of the Falling Wedge and potentially initiate the cryptocurrency’s next upward move. Mercer highlights that XRP’s current bullish structure is a simple yet perfect setup. And based on this setup, price targets above the wedge are projected in several stages, with $2.98, $3.36 and $3.71 serving as resistance levels based on historical price action and technical extensions. If the breakout holds and buying interest persists, the TradingView expert predicts that XRP may reach the $3.5 – $4 region over the next three to five months, aligning with past performances following similar wedge breakouts in the market. $1.40 Breakdown Still In Play If Resistance Fails While XRP’s current structure supports a bullish outlook, Mercer‘s price chart shows that a failed breakout remains a possibility. If XRP is rejected again at the $2.45 resistance level, it could resume its consolidation within the Falling Wedge pattern. This would place downward pressure on the price and may lead to a retest of lower support zones. The most critical support level in this bearish scenario is located around $1.4. While this price level has not been tested directly in recent months, it marks the lower boundary of the Falling Wedge pattern. A breakdown below this level could invalidate the XRP’s wedge and bullish setup. It may also indicate a possible shift in market structure from consolidation to bearish continuation, which could result in further downside.

On 10 June 2025, Ukraine introduced a draft law amending the Law “On the National Bank of Ukraine” regarding the inclusion of virtual assets in the gold and foreign exchange reserves. To put it simply, the proposed amendments will allow digital assets like Bitcoin to be included in the country’s gold and financial reserves. Notably, the country is moving rather quickly to establish its crypto reseve. The move comes just days after Yaroslav Zhelezniak, a Ukrainian lawmaker who helps oversee the country’s finance and tax policy, announced the intention of a crypto reserve on Telegram. “We, as members of parliament, believe this step will help integrate Ukraine into global financial innovation,” said Zhelezniak. Proper management of crypto reserves could strengthen macroeconomic stability and unlock new opportunities for digital economic growth.” DISCOVER: Top 20 Crypto to Buy in June 2025 Ukraine Has Been Raising Crypto Donations Since War With Russia Started Helping out behind the scenes is Binance, the crypto exchange that seems to have a backchannel to every government on the planet. They’re advising on how to shape the legislation so it makes sense and won’t blow up in anyone’s face later. Binance has done similar work in other countries, so they’re kind of the usual suspect when it comes to crypto policy consulting. Explore: Ukraine Plans to Add Bitcoin to National Reserves If Ukraine’s idea of a crypto reserve feels sudden, it’s not. Since the war with Russia started, Ukraine has become one of the most crypto-native countries out there. They’ve raised over $100 million in crypto donations to help fund everything from defense to humanitarian aid. That real-world use case likely helped shift some mindsets in government, from “What is this magic internet money?” to “Maybe we should take this seriously.” DISCOVER: 20+ Next Crypto to Explode in 2025 Key Takeaways Ukraine’s proposed amendments will allow digital assets like Bitcoin to be included in the country’s gold and financial reserves. Since the war with Russia started, Ukraine has become one of the most crypto-native countries out there. They’ve raised over $100 million in crypto donations to help fund everything from defense to humanitarian aid. The post Ukraine Proposes Amendments To Law To Include Digital Assets In National Strategic Reserve appeared first on 99Bitcoins.

Oil prices surged yesterday ending the day with a 5.4% gain on heightened geopolitical risk from the Middle East. A decision by the US to lighten embassy staff in Iraq and move personnel in the Middle East ahead of Nuclear talks with Iran raised eyebrows. close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum finally pushed above the long-watched $2,800 mark, signaling renewed strength and triggering a wave of optimism across the market. However, the breakout was met with heavy volatility, as the price quickly pulled back into the previous resistance zone. Despite the rejection, ETH continues to trade near the top of its range, and analysts remain bullish on the broader altcoin outlook. With Bitcoin stabilizing near all-time highs and ETH attempting to reclaim momentum, many are calling for the start of a new altseason. Ethereum’s performance is viewed as a critical signal for the broader altcoin market — and for now, the structure remains intact. Bulls are watching closely to see if ETH can bounce and retest the breakout zone with strength. Top analyst M-log1 shared a technical update, noting that ETH is currently sitting at key support levels. He emphasized the importance of a clean bounce and a breakout from the current ascending channel. While M-log1 isn’t calling for a breakdown yet, he highlighted the need for caution and patience as price action unfolds. For now, Ethereum holds support, but the next move will be crucial. Ethereum Leads With Strength But Volatility Keeps Market On Edge Ethereum is currently leading the crypto market, showing relative strength as it holds above key price levels despite a backdrop of volatility and global uncertainty. Trading above $2,750, ETH has become a focal point for investors who see it as the leading indicator for a potential altcoin rally. However, recent price swings have introduced a wave of caution, as traders weigh the risk of a pullback against the promise of a breakout. Macroeconomic headwinds remain a critical factor. Global tensions, rising US Treasury yields, and uncertain trade negotiations between the US and major economies continue to drive investor sentiment. These external pressures have kept volatility high and market conviction relatively fragile, even as Ethereum maintains its structure above support. M-log1 shared a technical breakdown, noting that ETH is now sitting at a key support zone near $2,750. According to him, Ethereum “needs to bounce and break out of the current ascending channel” to reignite upside momentum. If that fails, the structure may tilt bearish, with a potential revisit of the lower end of the channel. He added that while he remains optimistic, probabilities shift quickly in this environment, and the next few sessions will be critical. Still, Ethereum’s relative strength amid macro noise suggests underlying confidence. If ETH can reclaim the $2,800–$2,830 region and flip it into support, it could pave the way for a run toward $3,000 and set the tone for altseason. Until then, price action remains compressed, and the market watches closely as Ethereum teeters at a technical and psychological pivot point. Ethereum Holds Key Levels As Price Tests Critical Moving Averages Ethereum is trading at $2,753 on the 3-day chart, showing strength after pushing above the 200-day simple moving average (SMA) at $2,768.62. While ETH briefly reached a high of $2,785, the candle currently reflects a slight pullback from that level. This rejection is not yet a bearish signal, but it does mark the $2,770–$2,785 range as a short-term resistance zone. ETH remains well-positioned technically, holding above the 50-day ($2,325), 100-day ($2,647), and 200-day ($2,768) SMAs — all critical levels that have historically guided mid- to long-term price direction. The strong rally from April lows around $1,500 to current levels has reset the trend in Ethereum’s favor, but now a clean breakout above $2,800 is needed to confirm continuation. Volume remains steady, with no major signs of distribution. A strong close above the 200 SMA on this 3-day candle could act as a bullish confirmation and set the stage for a push toward the $3,000 mark. On the downside, if ETH fails to hold $2,700, a retest of the $2,600–$2,650 support zone is likely. Featured image from Dall-E, chart from TradingView

Producer Price Index (PPI) ex. Food & Energy (Core) (YoY): 3.0% vs 3.1% expected, miss of -0.1%Producer Price Index (PPI) ex. Food & Energy (Core) (MoM): 0.1% vs 0.3% expected, miss of -0.2%Producer Price Index (PPI) (YoY): 2.6% vs 2.6% expected, meets consensusProducer Price Index (PPI) (MoM): 0.1% vs 0.2% expected, miss of -0.1% US Producer Price Index Report (May 2025): close Producer Price Index YoY, Bureau of Labor Statistics (BLS), 12/06/2025 Producer Price Index YoY, Bureau of Labor Statistics (BLS), 12/06/2025 Breaking: US core PPI falls to 3.0% YoY in May, up 0.1% MoM. The report misses expectations, with markets predicting a higher rate of 3.1% YoY. As part of the same release, non-core PPI rose to 2.6% YoY, up 0.1% MoM. Key takeaway: Core US producer inflation is falling faster than previously expected. Market Reaction In the minutes following the release, EUR/USD rose by 0.18%, partially recovering daily losses, while the Dow Jones /fell by 0.10%. In the minutes that followed the release, EUR/USD rose by 0.18%, extending daily gains, while the Dow Jones also rose by 0.05%. Gold (XAU/USD) also trades higher, up/down 0.05% since the release. Updates to follow Read yesterday’s coverage on the Consumer Price Index (CPI) release 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.

Producer Price Index (PPI) ex. Food & Energy (Core) (YoY): 3.0% vs 3.1% expected, miss of -0.1%Producer Price Index (PPI) ex. Food & Energy (Core) (MoM): 0.1% vs 0.3% expected, miss of -0.2%Producer Price Index (PPI) (YoY): 2.6% vs 2.6% expected, meets consensusProducer Price Index (PPI) (MoM): 0.1% vs 0.2% expected, miss of -0.1% close Producer Price Index YoY (red non-core, blue core), Bureau of Labor Statistics (BLS), 12/06/2025 Producer Price Index YoY (red non-core, blue core), Bureau of Labor Statistics (BLS), 12/06/2025 Breaking: US core PPI falls to 3.0% YoY in May, up 0.1% MoM. The report misses expectations, with markets predicting a higher rate of 3.1% YoY. As part of the same release, non-core PPI rose to 2.6% YoY, up 0.1% MoM. Key takeaway: Core US producer inflation is falling faster than previously expected. Market Reaction In the minutes that followed the release, EUR/USD rose by 0.18%, extending daily gains, while the Dow Jones rose by 0.20%. Gold (XAU/USD) also trades higher, up 0.12%. Updates to follow Read yesterday’s coverage on the Consumer Price Index (CPI) release 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.

Producer Price Index (PPI) ex. Food & Energy (Core) (YoY): 3.0% vs 3.1% expected, miss of -0.1%Producer Price Index (PPI) ex. Food & Energy (Core) (MoM): 0.1% vs 0.3% expected, miss of -0.2%Producer Price Index (PPI) (YoY): 2.6% vs 2.6% expected, meets consensusProducer Price Index (PPI) (MoM): 0.1% vs 0.2% expected, miss of -0.1% Read yesterday’s coverage on the Consumer Price Index (CPI) release 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.

There’s much ado about Bitcoin these days. After notching a new all-time of $111.9K on May 22, 2025, $BTC has been trading back and forth below that mark, never falling below $100K. But usually holding sideways between $105K-$110K. But Bitcoin sentiment is beginning to build again. Will it lead to a new push for the market? If so, then the aptly-named Bitcoin Hyper ($HYPER) presale could gain the most as Bitcoin’s first Layer-2 implementing the Solana Virtual Machine. Long-Time HODLers Selling at $100K One reason for the recent selling pressure might be long-term Bitcoin hodlers finally choosing to sell. Early investors who bought Bitcoin when the price was a few thousand (Bitcoin was below $10K only a few years ago, on July 1, 2020) might be finally ready to cash out now that $BTC has gone 10x or more from their original investment. Is that a bad sign for Bitcoin investors? Not necessarily. A potential tightening of Bitcoin’s supply will likely offset the increased selling pressure. On-chain data supports that conclusion, as the amount of exchange-held Bitcoins has steadily fallen, even as Bitcoin’s price rises. In fact, only weakening demand may have kept $BTC’s price down so far. And that’s not likely to continue forever. Bitwise CEO: ‘No One Is Going To Sell’ Once Bitcoin Breaks Through Bitwise CEO Hunter Horsley thinks that tightening supply will only worsen once Bitcoin breaks through $130K-$150K. At that point, the HODLers will return, diamond hands and everything. If he’s correct, then the issue of tightening supply will kick in harder than ever. And the first and perhaps only immutable law of economics – supply and demand – could supercharge Bitcoin’s price. Institutional investors being more bullish than ever also helps the narrative, even as retail investors go back-and-forth with Bitcoin. Take GameStop, which recently purchased 4.7K Bitcoin and plans to offer $1.75B of convertible notes to potentially fund more purchases. A recent Santiment report shows that Bitcoin positivity is returning in the community, with positive comments outweighing the negative by more than 2-1. Growing Bitcoin hype means at least one thing: $BTC-centric presales like Bitcoin Hyper could grow big – fast. Bitcoin Hyper ($HYPER) – Unlock Fast, Cheap Bitcoin Transactions with First Bitcoin Layer 2 More than a store of value; with Bitcoin Hyper ($HYPER), Bitcoin can finally be everything it was meant to be – the home of crypto payments, meme coins, dApps, and smart contracts. The technical framework for Bitcoin Hyper is straightforward; with the Bitcoin Relay Program, any $BTC deposited to a specific Bitcoin address can be minted on the Bitcoin Hyper Layer 2. That Layer 2 leverages the Solana Virtual Machine (SVM) for better throughput and increased scalability, and sets $HYPER up to be one of the strongest crypto presales so far in 2025. The end result is a Zero-Knowledge (ZK) equipped Layer 2, trustless but fully synced to the Bitcoin Layer 1 blockchain. $HYPER, the native token for the Bitcoin Layer 2, provides a number of benefits for $HYPER chain users. Those benefits include: Low gas fees, paid in $HYPER Staking rewards, currently 647% APY Participation incentives Developer bounties Bitcoin Hyper’s presale rocketed out of the gate, passing $1M raised in a matter of days. Token currently cost $0.01185, with $1.13M raised so far. That price could reach $0.02595 by the end of 2025 (for a 118% increase), according to our price prediction. Buy into the $HYPER, and join a community of visionaries who want to transform Bitcoin’s position in the dApp industry. Bullish Outlook Means Growing Demand for Bitcoin and Bitcoin Hyper As $BTC supply tightens, demand will only increase. That should fuel a further increase for both $BTC and related projects, like a groundbreaking Bitcoin Layer 2. And if you consider $HYPER’s utility is all about making Bitcoin more prepared for the adoption ahead, the project’s potential in the market becomes beyond clear. Remember, always do your own research; this isn’t financial advice.

The Bitcoin price is slipping into a critical area following a decline in the previous buying pressure. Many traders and investors in the crypto market wonder if the top crypto will recover as confidence in a new Bull Market barely show signs of a recovery. Top Bitcoin Pundit: Watch Out For This Level According to Daan Crypto, a senior crypto analyst, the Bitcoin price has weakened due to changes in the macroeconomic arena. In that sense, the analyst believes bull must hold the levels above $99,000 or they risk a bigger decline into the monthly lows sitting at around $90,000, as seen in the chart below. Some of the elements affecting the Bitcoin price on the macro side include a good Consumer Price Index (CPI) print from the US, and a ‘good deal’ between this country and Chinese representatives. These news indicate decline in inflation and potentially an end to trade war between the two giants, respectively. However, the analysis noted: At this point I’m fairly certain that if price breaks either the current monthly high or low, that it will keep trending that direction for the rest of June (and possible beyond). Eyes on those levels. Still quite a volatile and headline driven market currently(…). So markets down on good news is always something to note. Just one day for now but good to be aware of. James Wynn Makes Key Warning – Manipulation in the Bitcoin Price? On similar news, James Wynn, a crypto trader that recently gained notoriety by leveraging millions of dollars to bet on the Bitcoin price, believes the selling pressure will rise on the short timeframe. Wynn has been alerting its X followers on the alleged manipulation of the crypto market by big players. These massive investors, according to the crypto trader, target key levels and push Bitcoin towards them to hunt for liquidity in detriment of retail users. This time Wynn claims ‘Market Makers’ might push the Bitcoin price down to the $106,000 area. However, the trader believes the downtrend will be short advising his followers of an imminent rebound. Wynn stated via X: Hold onto your seats fellas. The MM’s are gonna try and push $BTC to around $106.8k to take out some over leveraged longs (not me). I learned the hard way. Buy the dip or sit on your hands. It’ll be over quick. Time is ticking. New ATHs around the corner. Don’t be shaken. Whether the downtrend will persist or if prices recover in the short term remains to be seen, but current price action suggests an imminent spike in volatility. Cover image by ChatGPT, BTC/USDT chart from Tradingview

Talga Group (ASX: TLG) has cleared the final regulatory hurdle to develop its Nunasvaara South graphite mine in northern Sweden, after the country’s government dismissed all outstanding appeals against the company’s exploitation concession. This decision ends a protracted regulatory journey for Talga, stretching over several years and involving multiple environmental and governmental authorities. The company can now move ahead with its integrated Vittangi anode project, which combines the newly approved Nunasvaara South mine with the already permitted Luleå anode refinery. Founder and managing director Mark Thompson said the milestone “validates years of dedication” and positions the company to accelerate its European graphite ambitions. “Sweden has unique opportunities to be and remain a strong player in global mineral politics,” Sweden’s Energy, Business and Industry Minister Ebba Busch said. “The graphite that Talga is planning to produce is a key material in battery manufacturing and the green transition to a fossil-fuel free society.” The news triggered a positive market response, with Talga shares jumping 20% on Thursday to A48 cents, boosting its market cap to A$216 million (approximately $140 million). Rocky road The final permit follows a turbulent approval process. Talga secured its environmental and Natura 2000 permits in April 2023, only to face immediate backlash from environmental groups. Though Sweden’s Land and Environment Court of Appeal rejected those appeals by August 2023, opponents escalated the case to the Supreme Court. It wasn’t until October 2024 that the high court declined to hear the appeals, effectively upholding Talga’s position. A fresh challenge targeting the exploitation permit emerged in December 2024, sending the issue to the Ministry of Climate and Enterprise. That appeal was officially dismissed this week. Talga’s project has received key backing at the European Union level. It has secured a €70 million ($197m) grant from the EU Innovation Fund and earned strategic designation under both the Critical Raw Materials Act and the Net-Zero Industry Act. Its environmental permits entered into legal force late last year. Right on cue The project arrives at a crucial time for Europe’s battery industry. As regional gigafactory capacity scales up, demand for graphite anodes is projected to exceed 500,000 tonnes annually by 2030, up from just 30,000 tonnes in 2023. China currently dominates global graphite processing, controlling about 84% of capacity. Without domestic alternatives like Talga, Europe would remain heavily reliant on imports. Each 10,000 tonnes of European-produced graphite is estimated to reduce the EU’s dependency on foreign critical minerals by 7%, making Talga’s project not just a commercial win, but a geopolitical one as well.

XRP has slipped above the descending trendline that had repelled every rally since February, yet derivatives positioning suggests the apparent breakout may still end with a shake-out, according to independent market technician CasiTrades. The four-hour Binance chart shows the token gravitating around $2.32, fractionally north of the wedge’s upper boundary, but only a heartbeat away from surrendering that gain if leverage forces unwind. XRP Crash Imminent? Casi frames the set-up in Elliott-wave terms, maintaining that the January–June advance completed a wave (1) at roughly $2.70 and then corrected to $2.02 at the 1.236 Fibonacci extension, thereby sketching wave (2) against the wedge’s base. The technician argues that the new thrust above resistance could mark the birth of wave (3), although funding dynamics cloud that bullish reading. “We’re just days away from the apex of XRP’s macro consolidation and price is hovering above support, while funding quietly climbs,” she wrote on X. “That’s a dangerous combo.” Eight-hour funding rates have already reached 0.01 percent. Casi insists that if they expand to 0.02 percent without a decisive price march, algorithms will hunt the liquidity pooling beneath 2.25 dollars. “As of this morning, funding rates are ticking up to 0.01 %/8h without any meaningful breakout attempt,” she explained. “If we start to reach 0.02 % or higher with no move, it signals a high probability of a liquidity sweep to the downside.” The technician warns that such a flush would drag XRP through the reclaimed breakout level and expose $2.01, $1.90 dollars and potentially $1.55. “That puts 2.01, 1.90 and even 1.55 in play if 2.25 fails,” she cautioned, adding that the capitulation itself “would likely generate the exact momentum needed for a powerful wave 3 breakout.” The momentum backdrop remains ambivalent. The fourteen-period RSI on the same chart hovers near 62.5 yet registers lower peaks while price edges upward, hinting at a bearish divergence that often accompanies volatility spikes. Still, the break above the black trendline cannot be ignored: if sellers fail to reclaim that line swiftly, Casi’s projection of wave (3) targets $3.77 via the classic 1.618 external Fibonacci extension, with a still larger-degree objective above $4.40 dollars later this summer. Casi summarises the juncture bluntly: “Volatility is nearly inevitable. Whether it’s one last dip or a significant breakout, the next move is likely to define the rest of the summer.” Traders therefore face a binary path. Either rising funding catalyses a liquidity sweep toward $1.55 dollars before catapulting XRP higher, or the token consolidates above $2.25 and turns the nascent breakout into a springboard toward $2.69 dollars, the barrier near $3.04 and, eventually, the 3.77-dollar wave (3) objective. At press time, XRP traded at $2.25.

Overview: The combination of President Trump's renewed threat to send letters to announce the new bilateral tariff letters and the heightened tensions with Iran have spurred risk-off forces but they have not been expressed, as often is the case, with a stronger dollar and a surge in gold. The greenback is softer against nearly all the G10 currencies and most emerging markets currencies, though not the Mexican peso, which rose to its best level since last August yesterday. Outside of the sterling, whose upside has been limited by the larger than expected economic contraction in April and the dollar-bloc currencies, the other G10 currencies are up at least 0.50% ahead of the North American open. Demand for South Korean stocks, which extended their rally for the seventh consecutive session, has lifted the won by more than 1% to lead most market currencies higher. For its part, gold has edged higher, and while it recorded a new high for the week (almost $3378), it has pulled back toward $3339 by the European open before finding new demand. It is trading near $3360-2. Equities, outside of the continued rally in South Korea, are mostly lower today. In the Asia Pacific region, Hong Kong and mainland shares that trade there, led the losses with more than a 1% decline. Europe's Stoxx 600 is weaker for the fourth consecutive session, and US index futures are 0.3%-0.5% lower. Bonds are bid. European yields are off mostly 4-6 bp and the 10-year US Treasury yield is off nearly four basis points to around 4.38%. The US sells $22 bln 30-year bonds today amid some trepidation. It is currently yielding about 4.88%, a four-day low. May WTI spiked to a two-month high near $69.30 but has reversed lower and fell to almost $67.00 in Europe to approach the 200-day moving average. USD: The softer than expected CPI weighed on the dollar, but at the close yesterday, the Fed funds futures market was still not fully discounting two rate cuts this year. However, shortly after the markets closed yesterday, President Trump indicated he would send letters in the next two weeks telling trading partners their new tariffs around the same time as Treasury Secretary Bessent, who apparently is a candidate to replace Powell at the Fed, was assuring that Trump would likely extend the postponement of the so-called reciprocal tariffs. Also, reports indicate the US is evacuating non-essential personnel from numerous Middle East embassies. Rhetoric has turned more heated recently, and the International Atomic Energy Association as found Iran is no longer in compliance with its "nuclear safeguard obligations." May producer prices today. They are expected to have bounced back after falling in April. Headline prices are expected to rise by 0.2%, which would put the year-over-year rate at 2.6%, up from 2.4%. The core measure is seen rising by 0.3%, but due to the base effect, the year-over-year rate may be steady at 3.1%. With the PPI in hand, economists will solidify projections for the May PCE deflators. Weekly jobless claims are due and the four-week moving average is likely to rise further and may reach its highest level since August or October 2024. The labor market is slowing but sufficiently slowly to allow the Fed to remain cautious, given the uncertainty, while the restrictive monetary policy helps squeeze price pressures. There is a small gap between yesterday's low in the Dollar Index and today's high. It has been sold through last week's low (~98.35) and is approaching the three-year low set late April was near 97.90. We had thought there was more upside potential, but the 99.40 area proved a more formidable cap. On a break of the 97.90 area, nearby support is seen around 97.45. EURO: The euro to $1.15 yesterday, its best level since late April, and extended that to around $1.1565 today. The year's high was on April 21, when it reached nearly $1.1575, a level not seen since October 2021. The softer than expected US CPI cleared appeared to clear the way for the market to do what it wanted and that was sell the dollar and euro was the biggest beneficiary. On a break of $1.1575, there little chart resistance ahead of $1.1685-$1.1700. While the eurozone economic calendar is light today, it picks up tomorrow with the aggregate industrial production and trade figures. The national reports from Germany, France, and Spain warn of a large decline in April industrial output. Recall that April industrial production fell by 1.4% in Germany France. Spain's industrial output fell by 0.8%. Of the Big Four, Italy's was the best, rising 1%. The median forecast in Blomberg's survey calls for a 1.7% decline in the aggregate reading. If accurate, it would largest decline since July 2023. This is consistent with a dramatic narrowing of the eurozone trade surplus from almost 28 bln euros (seasonally adjusted). The median forecast in Bloomberg's survey is for an 18.3 bln trade surplus in April, down from 27.9 bln euro surplus in March. This would be a 35% narrowing, but still larger than any month last year, but January 2024. CNY: Despite the US dollar's broad weakness yesterday, it managed to rise to a six-day high against the offshore yuan briefly poked above CNH7.20. That nearly met the (61.8%) retracement objective of this month's decline. The dollar has been sold to almost the low for the week set Tuesday slightly below CNH7.1780. The year's low was set in late May near CNH7.1615. The PBOC set the dollar's reference rate at CNY7.1803, the third consecutive lower fix and the lowest since early April. It is still not clear what the US conceded in exchange for China's rare earths and magnets. Reports indicate the export licenses to US companies are for six months. Still, it seems clear that the US and China both control choke points in key supply chains. Yet, we continue to suspect that for semiconductor chips and fabrication and most feedstocks for petrochemicals, for example, that the US controls may be easier to find alternatives, even if higher price than it is for the US (and others) to find alternatives to China's processed rare earths and magnets. It may very well be the case that those sectors will require (more) state-assistance from the US, Europe, and Japan. JPY: The dollar recorded yesterday's session highs near JPY145.45, a nine-day high, shortly before the US CPI, which saw it tumble to around JPY144.35 quickly in response and slightly below Tuesday's low, It bounced to almost JPY145.20 where it was met with new sales. The dollar was sold to almost JPY143.65 and a break of the JPY143.45 could spur test on the JPY142.00-50 area. In the last week of May, Japanese investors sold JPY1.144 trillion of foreign equities, this was the third most since the end of 2022. In the first week this month, they sold another JPY149 bln. Foreign investors about JPY1.165 trillion of Japanese bonds in the last week of May, snapping a four-week liquidation phase. In the first week of June, they bought JPY220 bln. To round out the story, Japanese investors soldJPY459 bln of foreign bonds last week after selling JPY118 bln the previous week. For their part, offshore accounts bought JPY180 bln of Japanese stocks after buying JPY336 bln in the prior week. GBP: The soft US CPI trumped the UK's poor jobs data and helped lift sterling back above Monday's settlement (~1.3550) to reached nearly $1.3570. The best level since Q1 22 was recorded last week near $1.3615. Above there nearby resistance may be in the $1.3625-45 area. A break Tuesday and Wednesday's lows, in the $1.3455-65 could sour the tone again. After the poor jobs data on Tuesday, the UK followed it up with more weak economic news today. April GDP contracted. Output shrank by 0.3% (-0.1% expected) in a broad contraction, with the industrial sector and services output falling (-0.6% and -0.4%, respectively), and the trade deficit deteriorating. The only bright spot was the increase in construction (0.9%). The Bank of England may not be able to afford the patience that the market previously thought it could. At the end of last week, the swaps market was discounting slightly less than 39 bp of cuts this year and now it is a little more than 50 bp. The 10-year Gilt yield has fallen by about 12 bp over the same time. Market commentary and news reports have offered a narrative about the lack of demand for long-term bonds, and there is nary a word about shifting expectations for central bank policy. That seems incomplete and misleading. CAD: The broad decline in the greenback brought it to four-day low against the Canadian dollar near CAD1.3650, within spitting distance of the eight-month low set last week closer to CAD1.3635. It has drawn closer to it today with a low near CAD1.3645. The CAD1.3600 area may offer psychological support, and the lower Bollinger Band is near CAD1.3575. However, more important support is found in the CAD1.3400-25 area. AUD: Whereas the Canadian dollar managed to post minor upticks against the greenback, the antipodeans slipped by 10-15 ticks. It fell back toward $0.6500 in the NY afternoon. The losses were extended to almost $0.6475 today before the Aussie recovered by to the $0.6500 area. The dollar-bloc currencies are continuing to underperform today. MXN: The peso saw its best level since last August despite the soft April industrial production report. Output rose by 0.1%, in line with expectations but the contraction in March was revised to -1.2% from -0.9%. It was the strongest emerging market currency yesterday, pushing ahead of the Hungarian forint and Polish zloty, which were arguably helped by the euro's strength. That said, Poland's Prime Minister Tusk won a confidence vote called after the opposition's Law and Justice Party candidate won the presidency. Still, the market was already selling the greenback against the peso before the US CPI. The dollar did not catch a bid until around MXN18.8265 ahead of support in the MXN18.78-80 area. The dollar is consolidating so far today in in a range of roughly MXN18.8965-MXN18.98. The short-dollar long-peso seems more than a carry-trade (interest rate arbitrage). Afterall, the peso itself is up more than 10% against the US dollar here in H1, which is more than twice the yield pick-up. Disclaimer

RESOLV is steady, up 84% from all-time lows. The launch of the USR stablecoin is timely, following the Senate’s passing of the GENIUS Act. If the bill becomes law, DeFi projects could surge. Resolv is capturing crypto media attention as of June 12, and for good reasons. While its native token, RESOLV, is up 84% from June 10 lows, the project launched its core product, an algorithmic stablecoin, at an opportune time. This timely launch could propel RESOLV prices even higher in the coming sessions, given positive regulations and rising demand for stablecoins. The question remains: Is the current RESOLV dip an opportunity for smart investors to buy the token at a discount? Is RESOLV poised for a mega rally in the coming days and weeks? DISCOVER: 20+ Next Crypto to Explode in 2025 RESOLV Holds Firm After Strong Start Although the coin dipped slightly, like most altcoins, including some of the best cryptos to buy like Cardano and Solana, the uptrend set in motion by the June 10 bar remains intact. RESOLV prices are still within the bull bar of June 10, and notably, the current dip is with light volume. (RESOLVUSDT) Technically, this is bullish, and traders could find entry points on dips above the June 11 lows at around $0.28. On the upper end, a close above $0.42 with rising trading volume could propel RESOLV to new all-time highs. The lift-off stems from Resolv’s value proposition and its innovative offerings to the crypto and financial community. Behind the token is a project launching a yield-bearing, risk-neutral, USD-tracking stablecoin designed for DeFi. It features an automated, public, and on-chain dispute resolution mechanism, along with a liquidity-enhancing protocol. Will the Rally Continue? The listing on Binance Alpha boosted demand and prices once the token began trading on June 10. As of June 12, derivatives trading volume exceeded $3 billion. (Source) Meanwhile, open interest stood at $94 million, down 3%. Most of RESOLV’s open interest is on Binance, but demand is high on other exchanges, including Bitget and Hyperliquid. Momentum is also building up. As of June 11, over 1 million RESOLV tokens had been distributed to stakers, with another 1 million set aside for distribution in the next two weeks. Currently, stakers receive a 69% APR yield. Consequently, for USR to be accessible in the U.S., Resolv must obtain licensing from the strict regulator, which limits flexibility in DeFi integrations and increases costs. DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales RESOLV Crypto Rally Getting Started? Senate Passes GENIUS Act RESOLV price trending higher, up 84% from June 10 lows USR stablecoin is yield-bearing Resolv’s launch timely United States Senate passes GENIUS Act 2025 The post Is Resolv Rally Just Getting Started? US Senate Approves GENIUS Act appeared first on 99Bitcoins.

Bitcoin has faced a lot of resistance above $110,000, suggesting the bears are trying to keep the digital asset from reclaiming its all-time high levels. This has been obvious with multiple rejections above $110,000 over the last few days, while the bulls have held support above $108,000. This trend plays into an analysis published by crypto analyst TehThomas, who had forecasted the rejection from $110,000. But what’s more interesting is where Thomas sees the price going from here. Bitcoin Could Drop For Shallow Pullback In the analysis, Thomas explained what is happening with the Bitcoin price and why the pullback could happen. This begins with the breakout after falling toward $100,000 and then bouncing back again. The digital asset was able to quickly clear multiple fair value gaps on the 4-hour timeframes to claim its spot above $110,000. The crypto analyst explains that this move has triggered a shift in the sentiment toward the positive, and this has been followed by rising volumes, as well as impulsive candles. In all, this is quite bullish for the cryptocurrency. However, there is still a risk of a price decline from here. After filling multiple fair value gaps with strength, the crypto analyst believes this has set a precedent for the Bitcoin price. He expects the same pattern to play out for the cryptocurrency, which includes a rapid rise before a shallow pullback, and then a continuation from there. BTC Pullback Into $104,000 Territory The Bitcoin price recovery above $110,000 seems to have created a fair value gap below $107,000, which the crypto analyst believes will need to be filled. If this is the case, then it is possible that the price rally will not continue until this condition is fulfilled. Nevertheless, a pullback to the level would not be bearish, but rather provide a bounce-off point for the price recovery. Thomas referred to this trend as “a classic breakout-fill-continue sequence”, and the next thing in line is to fill the fair value gap. According to the shared chart, the crypto analyst sees the pullback taking the price back down below $105,000 and into the $104,000 territory before its next bounce. This would mean a 5% pullback, and going by the trends from this year so far, something that would be bad for altcoins. However, the conclusion remains that Bitcoin is still bullish from here. Once the fair value gap is filled, a strong push upward is expected, possibly toward new all-time highs. “I’m expecting a controlled retracement to fill the new 4H imbalance, after which price could continue pushing toward the major resistance area,” the analyst said. “The momentum is clean and structured—until that changes, continuation remains the more likely path.”

Markets are back on edge this morning thanks in part to rising tension between the US-Iran. Safe havens are once again experiencing inflows with Gold hitting an Asian session high around $3377/oz. For more, read Asia mid-session: Safe haven resurgence with Gold resuming bullish move close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt, looking to raise $1.75 billion in private funding. What it plans to do with the money is anyone’s guess, but the crypto crowd is already bracing for a BTC headline. It’s a long way from selling Xbox controllers but in 2025, so is everything else. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time DISCOVER: 20+ Next Crypto to Explode in 2025 GameStop Offering: A Familiar Playbook for Bitcoin Investment In April, GameStop locked in $1.5 billion through a bond sale. It didn’t take long to see where that cash might be going. Over the next few weeks, the company scooped up 4,710 Bitcoin, staking a serious claim in crypto and rewriting its treasury policy to include BTC. It’s a page ripped straight from MicroStrategy’s handbook. “GameStop is following a path carved out by MicroStrategy, emphasizing Bitcoin as an integral treasury asset,” noted a crypto market analyst. GameStop’s statement regarding the latest debt offering underscores its intention to stick to its updated investment policy. The funds could also be allocated toward “general corporate purposes” or potential acquisitions. Notably, GameStop ended its first quarter with $6.4 billion in cash, cash equivalents, and marketable securities, a stark rise from $1 billion in the same period a year ago. Market Reaction and Investor Concerns GameStop’s latest earnings report landed with a thud, missing forecasts and dragging its stock down 15% between the bell and after-hours. At the same time, rumors of another Bitcoin buy have reignited speculation about the company’s broader play. BTC sat near $109,000 late Wednesday, and another buy-in would nudge GameStop deeper into the playbook of long-horizon institutional investors Bitcoin’s Role in GME’s Strategy GameStop’s embrace of Bitcoin as a treasury asset marks a clear attempt to shed its old skin. 99Bitcoins analysts are already comparing the move to Strategy’s now-famous pivot into crypto, but the comparison has limits. Unlike a software firm, GameStop is still tethered to a retail model that’s yet to prove it can support, or even coexist with, a high-stakes digital asset strategy. If Bitcoin climbs, GameStop could ride that wave to relevance. If it stumbles, critics will point to the $1.75 billion debt raise as reckless. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt. In April, GameStop locked in $1.5 billion through a bond sale. It didn’t take long to see where that cash might be going. The post GME Stock Tumbles Amid GameStop Offering Debt FUD: Should You Buy The Dip? appeared first on 99Bitcoins.

The Bitcoin Options traders have been pricing in low implied volatility, but on-chain data shows a setup ripe for amplified price swings. Bitcoin Options ATM IV Has Been Trending Lower In its latest weekly report, the analytics firm Glassnode has talked about how the volatility risk associated with Bitcoin looks from the perspective of on-chain analysis. The indicator shared by Glassnode is the Realized Supply Density, which tells us about how concentrated the cryptocurrency’s supply is around the current spot price. When the value of this metric is high, it means the investors have participated in a large amount of buying at or near the asset’s latest price. “In such environments, even modest price fluctuations can affect a broad swath of investors, often amplifying market sensitivity and, in turn, volatility potential,” explains the analytics firm. Below is the chart for the indicator shared by in the report. As is visible in the graph, the Bitcoin Realized Supply Density has gone through an uplift during the past few weeks, which suggests accumulation has taken place around the current spot price. “This concentration raises the probability of outsized reactions to price movements, increasing volatility risk in the near term,” notes Glassnode. While on-chain data may hint that volatility could go up in the future, it would appear the traders on the Options market don’t quite think the same, as the At-The-Money Implied Volatility (ATM IV) has been going down. The IV is a metric that represents the traders’ expectations of how volatile Bitcoin will be over a given period, based on the pricing of Options contracts. The ATM version of the indicator specifically calculates this expectation based on Options closest to the latest spot price. Here is a chart that shows the trend in the Bitcoin Options ATM IV across different expiration timeframes: From the above graph, it’s apparent that the Bitcoin Options ATM IV has been going down for all major tenors, an indication that the traders don’t expect high volatility for the cryptocurrency in the near future. “Historically, such complacency in volatility pricing has often served as a counter-trend signal, preceding periods of heightened volatility,” says the analytics firm. With on-chain data suggesting increased volatility risk and this signal forming at the same time, it now remains to be seen how Bitcoin would develop in the coming days. BTC Price At the time of writing, Bitcoin is trading around $108,800, up more than 3.5% in the last week.

As Ethereum (ETH) attempts to reclaim its January 2025 price range, the cryptocurrency has been holding a recently recovered level, leading some analysts to suggest another 10% surge before new highs. Ethereum Breakout Eyes $3,100 Ethereum has reclaimed the key $2,800 barrier for the first time since February, nearing the $2,900 level on Wednesday morning. The King of Altcoins had been trading between the $2,475-$2,680 range since its May breakout, unable to turn the range’s upper boundary into support. During last week’s retracement, ETH dropped to the $2,400 support before bouncing over the weekend. The crypto market’s recovery saw Ethereum surge toward the key resistance, finally breaking past it at the start of the week and hitting a three-month high of $2,879 today. Following this performance, Analyst Carl Runefelt from The Moon Show noted that the cryptocurrency had broken out of an ascending triangle formation and now targets the $3,100 resistance. The analyst previously highlighted ETH’s triangle pattern, which began forming at the start of last month’s recovery rally. During that period, the price compressed between the support and resistance lines, with the latter situated around the $2,700 mark. He forecasted a 15% surge toward the $3,100 level if the altcoin reclaimed the crucial resistance level. Based on this, Ethereum could climb another 10.7% if it holds its current range. Runefelt also pointed out another bullish formation in ETH’s trading pair against Bitcoin (BTC). According to the ETH/BTC chart, Ethereum also formed a bullish pennant pattern during the May rally. Amid this week’s recovery, the cryptocurrency has broken out of the formation’s upper boundary, eyeing a 30% surge toward the 0.03300 mark. ETH To Repeat History? Market Watcher Kaleo highlighted the resemblance between ETH’s performance between 2020 and 2025. According to the analyst, there are “a lot of similarities on the chart to where we are now vs. where we were in 2020.” As he explained, in the Spring of 2020, Ethereum experienced a major sell-off, fueled by the COVID-19 crash, which sent its price below a key higher timeframe (HFT) support. However, once the ascending trendline was reclaimed as support, ETH was “up only for the next 20 months.” Kaleo detailed the recent sell-off, caused by the Trump Tariffs scare, sent the altcoin below its multi-year ascending support trendline, adding that “ETH is currently on the verge of reclaiming that line.” The analyst suggested that if history repeats, investors could see “another great ETH bull run and accompanying alt season.” Meanwhile, analyst DonAlt affirmed that ETH’s chart looks “pretty good” amid its HTF range reclaim. To him, a new all-time high (ATH) is likely if the $3,800 resistance is reclaimed, while the rally’s invalidation level is a close below the $2,200 mark. As of this writing, ETH trades at $2,803, a 6.7% increase in the daily timeframe.

The US dollar extended its decline in today’s Asian session, with the US Dollar Index slipping -0.2% to 98.36—a five-day low—following a muted May CPI report. Core inflation came in at 2.8% y/y, below expectations of 2.9% and unchanged from April’s reading. close Fig 2: Gold (XAU/USD) minor trend as of 12 June 2025 (Source: TradingView) Fig 2: Gold (XAU/USD) minor trend as of 12 June 2025 (Source: TradingView) The price actions of Gold (XAU/USD) have managed to find support at the 20-day moving average since Monday, 9 June 2025, trimming intraday losses in the past three sessions. Yesterday, the yellow metal rallied by 1% and cleared above a key near-term resistance at US$3,346, which indicates the potential end of its recent minor corrective decline phase from the 5 June high to the 9 June low (see Fig 2). Watch the US$3,320 key short-term pivotal support (also the 20-day moving average), and a clearance above US$3,374 sees the next intermediate resistance zone coming in at US$3,417/3,435 (7/8 May swing high areas & Fibonacci extension level). However, a break below US$3,320 key support negates the bullish tone for a corrective decline sequence to resurface to expose the next intermediate support at US$3,296/3,277 (also the 50-day moving average). 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 continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly from large holders. CryptoQuant contributor Crypto Dan recently analyzed the current market structure and behavior of Bitcoin whales. Bitcoin Whale Behavior Suggests Further Upside In his latest analysis, Dan observed that despite Bitcoin hovering near record levels, there is little evidence of the profit-taking behavior typically observed during previous market tops. According to him, whales are not engaging in mass selloffs, suggesting that these investors expect the rally to continue. Dan emphasized that these large holders are likely waiting for more pronounced market euphoria and higher valuations before initiating substantial sell activity, a pattern often seen near the final stages of a bull market. Whale Exchange Activity Indicates Similar Move Further reinforcing the current sentiment, another CryptoQuant analyst, Darkfost, highlighted a significant trend in Binance whale behavior. According to Darkfost, historical data shows that when Bitcoin approaches or breaches its all-time high, there is typically a sharp rise in exchange inflows, driven by whales seeking to take profits. This pattern was visible during earlier cycle peaks, where inflows reached $5.3 billion in early 2024, and even higher levels of $8.45 billion and $7.24 billion in previous cycles. In contrast, recent inflows to Binance remain substantially lower. Darkfost reports current inflows hovering around $3 billion, and more importantly, on a declining trajectory. This divergence from historical patterns suggests that whales are refraining from selling at current levels. Their reduced activity implies an expectation that higher prices may lie ahead, and that they are positioning for potentially greater returns later in the cycle. This restraint from large holders is seen as an important signal, especially given the influence whale movements can have on market liquidity and price action. Featured image created with DALL-E, Chart from TradingView

Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645. High-Profile Stablecoin Launch Based on reports from World Liberty Financial Inc., the new USD1 stablecoin is now live on Tron. The issuer has ties to US President Donald Trump, and Justin Sun—Tron’s founder and the largest holder of the Trump Token meme coin—called the launch a “giant leap for stablecoins.” Sun also joined a White House dinner for top Trump Token holders. This link to big names has drawn fresh eyes to Tron’s ecosystem. On-Chain Growth Signals According to DeFiLlama, the total value locked on Tron reached over $5 billion. On June 6, the network saw 4.50 million returning user addresses. Those stats suggest people keep coming back to DeFi apps on Tron, but it’s worth watching whether those funds stay in place or chase higher yields on other chains. Bullish Bets in Derivatives Based on CoinGlass data, TRX derivatives open interest rose by 8.25% over the past 24 hours to $329 million. The weighted funding rate open interest rose to 0.0098%, indicative that bullish long positions are greater than shorts. Short liquidations in the past day were almost double that of longs, which settled a bearish bet wave. Technical analysis supports this positive perspective. The RSI on the daily chart is inching up to the overbought region, indicating heightened buying pressure. A recent MACD crossover drove histogram bars into positive territory, which means momentum has favored the buyers. Meanwhile, traders will keep a close eye on Bitcoin’s moves too. A pullback there could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout. Featured image from Getty Images, chart from TradingView

Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to rally beyond its current range and begin a new upward leg. Despite lingering global tensions, markets are responding positively to growing speculation that a trade deal between the US and China may soon be finalized, offering a temporary boost to risk assets across the board. Ethereum’s recent strength comes at a critical moment, as price approaches the upper boundary of its current ascending channel. Top analyst M-log1 shared a technical analysis highlighting this structure, stating that ETH needs to break out of this current channel. Until then, price action may remain contained within the structure, with limited upside unless a decisive breakout occurs. As Ethereum pushes toward resistance, all eyes are on volume and confirmation signals that could mark the start of a broader trend. For bulls, breaking above the ascending channel could signal the beginning of a strong move toward $3,000 and beyond. Until then, Ethereum remains at a key inflection point in its cycle. Ethereum Holds The Key To Altseason Ts Bulls Eye Breakout Ethereum is now at the center of the market’s attention, as its next move could determine whether a true altseason begins. While Bitcoin continues to lead, Ethereum’s ability to reclaim higher price levels—particularly above the $2,800 mark—will be critical in confirming the start of a broader altcoin rally. So far, positive sentiment and rising price action suggest momentum is building, with ETH pushing into resistance and forming a constructive setup. Bulls have regained control in recent sessions, but the challenge now lies in escaping the current structure. M-log1 highlighted that Ethereum remains trapped in an ascending channel, a pattern that often leads to slow grinding moves until a breakout or breakdown occurs. “If we want anything significant to happen,” he noted, “then ETH needs to leave this ascending channel.” Failing to do so increases the probability of a revisit to the lower end of the range, though M-log1 clarified that this isn’t a certainty—just a probability to keep in mind. On a positive note, Ethereum’s moving averages continue to trend upward and support price from below, providing a favorable technical backdrop. As long as these levels hold and bulls remain active, the breakout scenario remains the dominant outlook. If ETH can decisively flip $2,800 into support and break above the channel structure, it could unleash a wave of capital rotation into altcoins. Until then, Ethereum holds the spotlight—and its next move will likely shape the direction of the entire market heading into summer. Ethereum Breaks Above Resistance But Faces Retest At Key Level Ethereum is currently trading at $2,771 on the daily chart after briefly breaking above the critical $2,800 resistance zone. This level has capped price action multiple times since early May, making this breakout attempt a significant development. However, today’s rejection from a high of $2,834 suggests that ETH is not yet ready to confirm a clean breakout and may be entering a short-term retest phase. The $2,750–$2,800 zone, now acting as immediate resistance, aligns closely with the 200-day simple moving average (SMA) at $2,654.52 — a historically important level that often dictates medium-term trend direction. ETH’s recent surge above all major moving averages, including the 50-day ($2,333.32) and 100-day ($2,085.42) SMAs, reflects growing bullish momentum and a strong trend structure. If Ethereum holds above the 200-day SMA on a retest and reclaims $2,800 with follow-through, the path toward $3,000 becomes more realistic. On the other hand, failure to hold this area could result in a slide back toward the $2,600–$2,650 support zone. Volume has picked up, indicating interest, but confirmation will come from sustained price above resistance. For now, ETH remains in a promising position — but the next few candles will be key. Featured image from Dall-E, chart from TradingView

An extended technical review aired Tuesday on Sistine Research’s YouTube channel has placed XRP at the top of the current market hierarchy and mapped a price trajectory that—if historical analogues and present chart structure hold—could lift the token as high as $73 in a late-cycle blow-off. Speaking during the firm’s regular live-stream, analyst Forrest began by ranking assets that have rallied since the US election on 5 November 2024. “XRP is the number-one performing coin since the election, the strongest coin on my watch-list,” he said, displaying a four-hour relative-performance chart that compared crypto majors, select altcoins, metals and equities. The next-best performers—HBAR and XLM—were described as “beta” plays that historically accelerate only after XRP begins to trend. Can XRP Reach $73 This Cycle? Forrest’s thesis hinges on what he called a “seven-year flag and breakout” visible on XRP’s monthly time frame. The pattern comprises the long consolidation that followed the 2017 bull market and a second, five-month bull flag carved out this year. “Why would I not own a chart that looks like this?” he asked, noting the rarity of multi-cycle structures that break decisively to the upside without retracing the move. In his view, the next critical trigger sits above $3.00–3.30, where XRP’s prior all-time high was set in January 2018. Once breached, the analyst argues, momentum traders who “feel like they’ve missed it” will encounter a higher-time-frame market that is in fact just warming up: “Above three dollars I get even more bullish. The higher this goes, the more bullish it becomes—up to a point, of course.” Forrest offered a ladder of profit-taking zones: $7–10 — initial resistance where early longs may start trimming. $17–37 — an intermediate band calibrated from Fibonacci extensions and prior percentage moves. $73 — the “absolute” target, projected by measuring the full height of the 2017 breakout and extending it from the current flag’s pivot. He acknowledged that the $73 figure “sounds crazy” with XRP trading near $2.28 at the time of the stream but argued that similarly outsized moves materialised in past crypto supercycles. During the 2017 run, XRP advanced roughly 1,400% from its breakout flag; applying a comparable ratio to today’s structure yields Forrest’s upper bound. While the tone remained unambiguously bullish, the analyst did outline scenarios that would invalidate the thesis. A decisive breakdown below the present trading range—he cited the $1.80–1.90 area—could force a “round-trip” to the mid-$1 zone and delay the upward resolution. For now, however, he sees range-bound price action as constructive: “As long as we’re holding range, I’m not entertaining the deep retrace.” Forrest also distinguished between holding spot XRP—“a no-brainer”—and employing leverage, reminding viewers that structural targets are measured in months and that leveraged positions may not survive interim volatility. Sistine Research’s macro overlay remains resolutely pro-risk through the summer. The firm’s proprietary “Bitcoin Blueprint” identified the 7 June–21 June window as a historically bullish pocket. That seasonal tailwind, combined with the technical setup, underpins Forrest’s conviction that XRP will continue to outperform not only rival tokens but also traditional safe-haven assets such as gold and silver, which the firm nonetheless holds as portfolio hedges. Whether XRP can emulate its 2017 trajectory will depend on broader liquidity conditions, regulatory milestones in the ongoing SEC litigation, and the extent to which institutional flows diversify beyond Bitcoin and Ethereum. Yet the Sistine Research desk is positioned as though the heavy lifting is already under way: “It’s slowed down a little recently, but I expect this overall trend to continue.” At press time, XRP traded at $2.32.