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  1. After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level. Technical analysis of the Bitcoin price indicates that the breakout above $107,000 has given bulls back control. Particularly, technical analysis from crypto analyst Michaël van de Poppe suggests that Bitcoin’s price will accelerate for the rest of the week. $106,500 Confirms Strength, Analyst Eye Accelerated Move Over the past few days, Bitcoin’s price structure has been forming a rounded base with higher lows, gradually coiling under a support turned resistance. Now that the breakout has occurred, bulls seem to be back in control. According to Michaël van de Poppe, a widely-followed crypto analyst on the social media platform X, the decisive moment came after Bitcoin cleared the $106,500 resistance, a level he previously mentioned he’s looking at. In his post, he noted that as long as Bitcoin maintains support above this zone, momentum will continue to shift in favor of buyers. Specifically, he pointed out that day traders are likely to pile in with new long positions, while short sellers are either closing their positions or getting squeezed out entirely. Both of these actions will continue to generate buying pressure, at least in the short term. This shift in market structure has already begun to play out. As the chart below shows, the previous resistance zone around $107,000, which was a strong support during the earlier ATH moves in May, has now flipped. This zone had repeatedly rejected price advances, acting as a price ceiling since May 30. Now, with the breakout confirmed and volume increasing, the analyst expects a swift rally toward $108,900 and beyond for the rest of the week. Bulls Prepare For New Bitcoin All-Time High The timing of this breakout also coincides with the start of the trading week, which Van de Poppe describes as a great start to the week and a continued upside for the remainder of the week. More often than not in this cycle, Bitcoin has exhibited sentiment surges early in the week that persisted throughout the week. If Bitcoin can consolidate above the $107,000 to $108,000 range without falling back into the previous structure, it could enter a new price zone as soon as the $111,000 barrier is breached. With increasing interest due to ETF inflows, it could serve as the launchpad for Bitcoin’s next major leg up, carrying it toward new all-time highs before the end of June. At the time of writing, Bitcoin is trading at $109,455, having recently reached an intraday high of $110,237. The leading cryptocurrency is currently only about 2.5% away from setting a new all-time high.
  2. Gold mine output in Australia fell 7% quarter-over-quarter as more miners used lower-grade stockpiled material to blend into their mill feed, a new report says. Australia, the world’s largest gold producer after China, produced 73 tonnes of the yellow metal in the first three months of 2025 compared with 79 in the previous quarter, Melbourne-based mining consultants Surbiton Associates said in a statement dated Sunday. Production in the first quarter of 2024 was 70 tonnes. The rising price of gold, which hit a historic high of $3,500 per oz. in April, is making previously unprofitable lower-grade ore economic, pushing miners to use more lower-quality material into their feed. Reclaimed stockpiled material now represents about 15% of the total ore being treated in Australia, up from about 1% a year ago, Surbiton says. “Effectively the recent decline in Australian gold production was largely the result of higher gold prices,” Sandra Close, a director of Surbiton Associates, said in the statement. Higher gold prices “mean that it is economic to reclaim more low-grade material from stockpiles to feed into the treatment plants, so the weighted average head grade of ore being treated declines,” Close added. “Although lower head grades result in less gold being produced and means cash costs and all-in sustaining costs per ounce increase, the value of each ounce of gold is higher.” 38% price rise London Bullion Market Association gold prices averaged $2,859.60 an oz. in the first quarter of 2025, a 7.4% rise over 2024’s final quarter, World Gold Council data show. Compared with a year ago, first-quarter prices jumped 38%. While higher gold prices could be expected to boost output by encouraging the startup of new projects and the re-commissioning of past-producing mines, many existing treatment plants are running close to their limit, Close said. This has caused a shortage of immediate treatment capacity for emerging small miners that want to sell parcels of ore or to have their ore toll-treated. Mixed bag for output Even so, “many gold producers are experiencing high margins and are doing very well,” Close said. AngloGold Ashanti’s (NYSE: AU) and Regis Resources’ (ASX: RRL) Tropicana mine, Gold Fields’ (NYSE, JSE: GFI) St Ives and Newmont’s (TSX: NGT; NYSE: NEM) Tanami were among the Australian operations that saw production drop during the first quarter. Tropicana produced 57,000 fewer ounces, while output at Tanami fell by 46,000 oz. and that of St Ives fell by 40,500 ounces. Among the operations that produced more gold were Newmont’s Cadia mine, up 25,000 oz.; Bellevue Gold Mines’ (ASX: BGL) Bellevue, up 22,000 oz.; and Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Fosterville property, up 7,000 ounces.
  3. Across the American West, thousands of abandoned hardrock mines continue to leach acidic, metal-laden water into rivers and streams. These sites, many over a century old, still scar landscapes and burden ecosystems. The US Bureau of Land Management estimates there are more than 500,000 mine “features” across the country — a broad category that includes exploratory shafts, tunnels, and waste piles. Not all are hazardous, but many are. State agencies, Tribal governments, and conservation nonprofits have long tried to address the damage. But under federal laws including the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and the Clean Water Act (CWA), even well-intentioned efforts can expose the cleaner to open-ended legal responsibility. That risk has kept many would-be partners in clean-up on the sidelines. Now, after decades of legal gridlock, a new law offers a path forward. The Good Samaritan Remediation of Abandoned Hardrock Mines Act of 2024 gives the Environmental Protection Agency authority to issue up to 15 pilot permits that allow qualified third parties to clean up legacy mine pollution without assuming legal liability for contamination they did not cause. It also sets a seven-year window for the program to demonstrate results. This program is a test: can a narrow liability exemption create a credible, functional model for abandoned mine remediation? If so, it could help unlock broader legislation. If not, the window to act may close for another generation. The next few months are critical. EPA has until summer 2025 to release interim implementation guidance. That guidance must be specific enough to provide confidence, but flexible enough to accommodate the complex, site-specific nature of mine cleanup. The agency has been actively soliciting input, including at an April 2025 kickoff summit hosted by the Colorado School of Mines Responsible Critical Minerals Team and Trout Unlimited. The event brought together 92 stakeholders—including EPA officials, Tribal representatives, state regulators, mining companies, remediation technology firms, and conservation organizations—to exchange perspectives on how the law should be implemented in practice. Several themes emerged. First, the program needs early proof-of-concept projects. Successful cleanups that show the permitting model can function on the ground will give confidence to regulators, funders, and future applicants. Second, the pilot should include a range of project types to show broader applicability and address different dimensions of the abandoned mine problem. The meeting attendees considered three general categories of eligible projects: point source, non-point source, and mineral recovery-supported. Point-source cleanups refer to sites with clearly identifiable discharge points, such as drainage pipes. Non-point sources have more diffuse pollution, from eroded slopes, waste piles, or contaminated surface runoff. Regarding the last category, the statute centers squarely on remediation—not resource extraction as it is not intended to be a “backdoor” for new mining opportunities. However, it recognizes that in some cases, carefully managed recovery of critical minerals from mine waste could support the financial sustainability of long-term cleanup. Further, it acknowledges a changing landscape: materials like copper, zinc, cobalt, and tellurium are deemed critical minerals to national defense, clean energy, and advanced manufacturing. The extent to which these metals remain recoverable at abandoned sites is still uncertain, and economic viability will vary. But the potential for even modest returns, paired with the environmental gains of cleanup, creates space to test a more integrated model—one that links restoration and resilience without compromising either. In general, these stakeholders felt that the initial 15 projects should include a mix of all three, noting that there can be overlap and that some sites can offer a form of “progressive” opportunity, i.e., for multiple projects with increasing complexity and cost, but also for environmental impact. At the same time, several voices stressed the importance of geographic diversity among selected pilots. Testing the program across a variety of ecosystems, mine types, and state and Tribal jurisdictions will be essential to assessing its broader applicability. The law represents an unusual convergence of political and institutional interests. It garnered bipartisan support and brought together groups with historically divergent priorities—environmental advocates, state agencies, mining companies, and Tribal representatives. That coalition reflects a shared recognition that the status quo has failed and that this program, while modest, offers a credible path forward. The statute is intentionally narrow and pragmatic: a limited test to see whether targeted liability relief can unlock real remediation at sites long written off as too risky to touch. Ultimately, success won’t be measured by how many permits are issued. It will depend on whether the program delivers cleaner water, manageable permitting, and genuine opportunities for smaller actors—like Tribes, conservation nonprofits, or rural counties—to participate without unacceptable legal or financial risk. The Good Samaritan Act is not a silver bullet. But it offers a structured chance to move past the stalemate that has defined abandoned mine cleanup for decades. Getting this right could lay the foundation for a smarter, more collaborative model of environmental restoration—one rooted in practical results and broader participation. (By Molly Morgan, PhD candidate in Geology at the Colorado School of Mines; Brad Handler, head of the Payne Institute’s Energy Finance Lab; and Elizabeth Holley, Associate Professor of Mining Engineering at Colorado School of Mines.)
  4. US Consumer Prices came in notably weaker than expected. Specifically, Core CPI, which was anticipated at +0.3% month-over-month, registered +0.1% month-over-month, bringing the year-over-year figure to 2.8%. Headline CPI also showed a softer reading, at 0.1% m/m against a 0.2% expectation. Markets had remained subdued at the beginning of the week in anticipation of this data, which provides further clarity on the Federal Reserve's dual mandate. As a reminder, last week's Non-Farm Payrolls report surprisingly beat expectations, coming in at 139K versus a 130K consensus. The market has reacted positively to this news. A strong employment backdrop coupled with easing price pressures presents an ideal scenario for the economy and significantly alleviates concerns about stagflation. Expect upcoming months' CPI reports to create similar reactions in terms of volatility! close Dollar Index 15m Chart, June 11, 2025 – Source: TradingView Dollar Index 15m Chart, June 11, 2025 – Source: TradingView The piece of data largely invalidates the Inverse Head & Shoulders that was building as more cuts get priced in. I still don't expect the FED to cut on June 18th and expect board members to say that they welcome the news but are waiting for the release of more data – In the meantime, markets are still euphoric all-around. Commodities and Cryptos are also rallying with WTI up 2% on the session. Safe Trades! 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.
  5. US Consumer Prices came in notably weaker than expected. Specifically, Core CPI, which was anticipated at +0.3% month-over-month, registered +0.1% month-over-month, bringing the year-over-year figure to 2.8%. Headline CPI also showed a softer reading, at 0.1% m/m against a 0.2% expectation. Markets had remained subdued at the beginning of the week in anticipation of this data, which provides further clarity on the Federal Reserve's dual mandate. As a reminder, last week's Non-Farm Payrolls report surprisingly beat expectations, coming in at 139K versus a 130K consensus. The market has reacted positively to this news. A strong employment backdrop coupled with easing price pressures presents an ideal scenario for the economy and significantly alleviates concerns about stagflation. Expect upcoming months' CPI reports to create similar reactions in terms of volatility! close Dollar Index 15m Chart, June 11, 2025 – Source: TradingView Dollar Index 15m Chart, June 11, 2025 – Source: TradingView The piece of data largely invalidates the Inverse Head & Shoulders that was building as more cuts get priced in. I still don't expect the FED to cut on June 18th and expect board members to say that they welcome the news but are waiting for the release of more data – In the meantime, markets are still euphoric all-around. Commodities and Cryptos are also rallying with WTI up 2% on the session. Safe Trades! 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.
  6. Bitcoin’s price outlook remains sky-high after Strategy founder Michael Saylor told Bloomberg on Tuesday that a market freeze won’t come back. He argued that growing demand and limited daily supply point straight to a rally toward $1 million. Supply And Demand Pressure According to Saylor, miners release only about 450 BTC each day. That adds up to roughly $50 million at today’s price of around $109,859. He said once that $50 million is snapped up by buyers, there’s no choice but for the price to climb. His view rests on the idea that active demand now matches or exceeds what miners sell. High Price Targets Based on reports, asset manager ARK Invest recently boosted its bull case for Bitcoin from $1.5 million to $2.4 million by the end of 2030. Saylor went even further. He said that as long as Bitcoin doesn’t head to zero, it’s bound for $1 million. His own firm has picked up 582,000 BTC since 2020. That stash is worth nearly $64 billion, according to Saylor Tracker data. Institutional And Political Support Saylor pointed to big names backing Bitcoin. He mentioned US President Donald Trump, US Treasury Secretary Scott Bessent and SEC chair Paul Atkins as signs that the asset has won its toughest battles. He also noted that banks are lining up to offer custody services. And he praised Bitcoin ETFs from BlackRock and others for buying coins daily. Volatility Warning Saylor didn’t shy away from a cautionary note. He suggested that if Bitcoin hits $500,000 or $1 million, a fall to about $200,000 could follow. That’s almost a 60% drop from the peak. His point was that big price swings are part of Bitcoin’s history—and likely its future. Beyond miner sales and whale wallets, analysts say wider market moves matter too. Spot and futures trading often top $10 billion a day, so $50 million of fresh buys might only nudge the price. Regulation could swing the other way if concerns over energy use or consumer protection grow. And rival cryptocurrencies keep popping up with new features. What Comes Next Reports disclose the real test will be whether steady new buyers can outpace both miner supply and selling by holders looking to bank profits. Saylor’s figures make a strong case for continued upside. But investors who build a plan around a $1 million Bitcoin should brace for big dips along the way. In the end, daily demand, political moves and how the rest of the financial world reacts will decide if those eye-popping targets really come to pass. Featured image from Getty Images, chart from TradingView
  7. eToro reported a net income of $60 million for Q1 2025 on 10 June 2025, posting robust financial results due to strong user engagement and a significant uptick in trading activity across its global markets. eToro’s net contribution for Q1 increased by 8%, reaching $217 million. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year eToro Launched Futures In Europe, Options In UK In Q1 The company said that it continues to expand and develop the range of assets and tools users need to trade the global markets. In the first quarter, eToro launched futures in Europe and options in the UK. In Q1, eToro was granted a MiCA permit by CySec, which enables EU wide services for the company. Furthermore, eToro added stocks from the Abu Dhabi and Hong Kong stock exchanges and now offers users the ability to invest in companies listed on more than 20 of the world’s leading exchanges. With the addition of 40 more tokens, eToro offers trading in over 130 crypto assets. The Company also extended trading hours by offering a number of stocks and ETFs for 24/5 trading. eToro’s Funded accounts increased 14% year on year to 3.58 million compared to 3.13 million in the first quarter of 2024. The company said that as of 31 May 2025 it had 3.61 million funded accounts and $16.9 billion in Assets under Administration. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Key Takeaways eToro reported robust financial results due to strong user engagement and a significant uptick in trading activity across its global markets. The company’s shares surged to a new all-time high on 10 June 2025. But the trend reversed quickly as the stock hit an intraday low. The post eToro Reports Strong Q1 on Back of Increased Trading Activity, But Shares Plunge by 12% appeared first on 99Bitcoins.
  8. Breaking: US CPI rises 0.1% MoM in May, below estimates of +0.3%. YoY CPI rose to 2.4%. Core CPI also rose 0.1% MoM, below estimates of 0.2%, now at 2.8% YoY. Key takeaway: Inflation is rising slower than expected. In the minutes that followed the release, the dollar (DXY) has fallen by 0.28%, while the Dow Jones has risen by 0.38%. 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.
  9. Breaking: US CPI rises 0.1% MoM in May, below estimates of +0.3%. YoY CPI rose to 2.4%. Core CPI (ex food and energy) also rose 0.1% MoM, below forecasts of +0.2%, now at 2.8% YoY. 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.
  10. Dogecoin is changing hands near $0.198 on Wednesday afternoon in Europe, almost 20 % below its late-March high yet still clinging to an eleven-month up-trend that now converges with a formidable technical inflection, according to independent analyst “VisionPulsed.” Is This Dogecoin’s Summer Liftoff? Speaking in a 10 June video, the analyst told viewers he had been “making the case that the first two weeks of June should be when we start moving up—if we’re bullish. He conceded that “there is a chance the move has started” after Dogecoin closed a two-day candle back above the 0.618 Fibonacci retracement drawn from the December 2024 swing high. The backdrop VisionPulsed describes is notably risk-on. Bitcoin is hovering around $109,500, roughly 3% shy of its all-time high, while Ethereum has punched out a fresh twelve-month high above $2,790. In equities, the S&P Small-Cap 600—an index the analyst referenced when he quipped that “the S&P broke 600 yesterday”—posted its strongest five-day advance since March, a move the analyst interprets as validation of a global-liquidity gauge Global M2. Hash-ribbon signals on Bitcoin flipped positive two weeks ago, the analyst noted, historically an early marker of revived demand for risk assets. “Bitcoin at 110K says we should go up. Ethereum breaking out says we should go up. If we still don’t go up… just pick a different investment choice.” Central to VisionPulsed’s thesis is a 70-day cyclical window counted from Dogecoin’s April 1 local low. “We’re approaching that 70-day mark.… It is now the time for it to be bullish,” he said, warning that failure to rally before mid-June would all but invalidate the setup. Yet the analyst concedes that Dogecoin’s fate is tethered to the ETH/BTC pair and to Bitcoin dominance, which has remained stubbornly elevated: “When the ETH-BTC move does occur, that’s going to be when the dominance falls and we need the dominance to fall because that’s when Dogecoin goes to the moon.” Until that rotation happens, any up-ticks in DOGE may remain prone to stalling beneath long-term resistance. VisionPulsed identifies three price milestones that will decide sentiment. A daily close above $0.23 would constitute the first clear break of the descending trend-line in place since December, while $0.30—the 0.618 retracement of the entire 2021–2024 bear market—marks the level at which, he says, “people will start talking about Dogecoin at your summer camp… it’s going to be euphoric.” Should time drag on, he allows that the trigger could slide to $0.27, but the message is stark: “If we just shoot up, it’s still $0.30. If we take longer, it could be lower, but it’s the same concept.” With Bitcoin firm above six figures, Ethereum printing new local highs, and global liquidity gauges flashing green, the stage is set for an upside resolution. Whether Dogecoin can convert that macro tail-wind into a decisive break above $0.23—and ignite the $0.30 euphoria line—will become evident within the next fortnight. At press time, DOGE traded at $0.197.
  11. Germany’s Financial Intelligence Unit (FIU) has unveiled a record surge in crypto-related crimes since last year. They highlighted that although the overall Suspicious Activity Reports (SARs) have come down, crypto crimes are on the rise. In its recent 2024 annual report published on 10 June 2025 in Cologne, Germany’s FIU disclosed that 8711 suspicious crypto activity-related notifications were submitted in 2024. This indicates an increase of approximately 8.2% from the previous year (8,049 suspicious crypto activity-related notifications submitted in 2023). The increased crypto-related crimes occurred even though the reported SARs are on the decline after the issuance of new guidelines by the agency that filtered out irrelevant reports, as per an article published by Bloomberg. FIU’s report also mentions that the majority of the flagged fraudulent transactions involved Bitcoin, Ethereum, Tether, and Litecoin, linking them to mixing services, online gambling, and trading platforms. Furthermore, the agency has acknowledged the use of these tokens for transactions that obscured their origins to hide illegal funds, marking an increased role of digital assets in money laundering schemes. The FIU’s report on the rise of crypto crimes follows a similar report by the FBI, which revealed a significant increase in crypto-related crimes during 2024. Christopher Delzotto, the section chief of the Financial Crimes Section for the FBI, stated that the agency informed more than 5,400 people who fell victim to crypto scams from January 2024 to April of this year, many of whom were unaware that they had been targeted. Explore: Top Solana Meme Coins to Buy in June 2025 Crypto-Related Crimes on the Rise Globally Germany is not the only country witnessing an increased level of crypto-related criminal activity. Crypto crimes are rising globally, and so is concern regarding the use of digital assets to further nefarious interests. In the UK, for instance, the National Crime Agency (NCA) reported that the total SARs filings from the 2023 to 2024 period rose to slightly more than 872,000. The report further noted that more than 6.6% of the total SARs filed linked back to crypto exchanges. The region also saw an increase in counter-terrorism funding and an uptick in freezing suspicious accounts. Shifting focus to the US, the Financial Crimes Enforcement Network (FinCEN) reported receiving over 8600 SARs linked to crypto in 2023. This was after the issuance of an advisory in September 2024 that resulted in weekly filings surging over 1560, bringing the total number of SARs filed in 2023 to 4.6 million. A report published by Chainalysis suggests that the laundered crypto volume peaked in 2022 at $31.5 billion and came down to $22.2 billion in 2023. Though the 2023 numbers indicate a dip, these numbers are well above pre-2021 levels. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Europe to Ban Privacy-Enhancing Coins by 2027 In line with their anti-money laundering regulations, the European Union will ban the use of privacy-enhancing coins by 1 July 2027. Additionally, there is a blanket crackdown on anonymous wallets in particular. According to the new regulations, all crypto services in the EU will need to verify user identities. Furthermore, crypto transactions above €1000 will require a full KYC (Know Your Customer). Also, unhosted wallets that were used for privacy are set to become compliant with the new regulations. The new regulations introduce rules centred around making users more traceable to counter fraud as Europe grapples with ever-increasing crypto scams. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Key Takeaways Germany’s FIU submitted 8711 suspicious crypto activity-related notifications in 2024 While crypto transactions declined by 15% in 2023, the laundered crypto volume decreased by 30%. The total number of SARs filed in the US amounted to 4.6 million in 2023 The post Suspicious Transactions and Crypto Related Crimes Reach an All Time High in Germany appeared first on 99Bitcoins.
  12. Solaxy ($SOLX), Solana’s newest and most faithful project yet, has come out with its latest update that could change the way Web3 apps and tokens interact across blockchains. The project announced its collaboration with Hyperlane, a Web3 infrastructure project, to make bridging faster, easier, and more seamless than it’s ever been. Keep reading to learn more about Solaxy’s Hyperlane announcement, what it means for Solana and altcoin enthusiasts, and why it could benefit the Solaxy presale and help it achieve the magical $50M mark. Solaxy Revolutionizes Cross-Chain Support with New Hyperlane Integration It’s worth noting that traditional bridging, which means transferring tokens from one blockchain to another, is a slow and complex process. That’s where Solaxy begs to differ, though. With Hyperlane’s cutting-edge modular and permissionless architecture, Solaxy will build an entirely new type of bridge that connects Solana, Solaxy, and Ethereum flawlessly. This will be a first-of-its-kind Layer 2 bridge experience for Solana users, providing low latency (better speeds), improved affordability, and enhanced user experience. For developers and users on Solana, transferring tokens between the two blockchains would be as easy as using a regular app. Solaxy Aims to Help Solana Grow Bigger and Better Solana’s development is Solaxy’s core mission. That’s what this new crypto with an Einstein-ified Pepe the Frog as its face card is all about, in fact. $SOLX’s Hyperlane integration will help Solana plug directly into Ethereum, a blockchain with deep liquidity and a vast dApp ecosystem, helping it grow beyond its limitations (solving issues like limited scalability and network congestion). The launch of the $TRUMP and $MELANIA tokens earlier this year brought in a flurry of new investors to Solana. But, despite being a meme coin-friendly blockchain, it wasn’t prepared for the sudden spike in transaction requests. Which led to numerous failed transactions and massive congestion. Solaxy plans to remedy that, however, by building the first-ever Layer 2 scaling protocol on Solana. It will bring back the network’s glory days by increasing its efficiency and scaling it to higher levels. The project will offload a significant number of transactions onto a sidechain (L2) through its roll-up technology, easing the pressure off Solana’s L1. The L2 will also implement batch processing, executing transactions in bulk, instead of one by one. This will reduce the cost per transaction, making Solana an ever more affordable blockchain for crypto and meme coin degens. By bridging to Ethereum and Solana using Hyperlane, Solaxy becomes more than just a scaling tool. It’s a full-blown interoperable hub, allowing seamless crypto transfers between the most popular blockchains in the world. One Multi-Chain Token, Several Use Cases Thanks to its compatibility with multiple chains (Solana and Ethereum), Solaxy’s scalability and speed can be used to power high-frequency dApps, too. These include: Gaming ecosystems looking for real-time interactions Meme coin and microtransaction platforms Custom-built financial applications that need low latency and improved affordability And consider the fact that Ethereum is the second-most popular blockchain for dApps after BNB, with over 5K dApps live right now (10x more than Solana). Which brings us to the kicker: Solaxy’s Hyperlane bridging between its blockchain, Solana, and Ethereum, could be much more impactful than at first glance. $SOLX, as Solaxy’s token, should receive much much of this boost and keep growing at an accelerated rate as a result. Solaxy’s Record-Breaking Presale Performance As Solaxy’s real-world application keeps growing, $SOLX investors should receive the lion’s share of the benefits. $SOLX is currently in presale, having already raised an eye-watering $47.1M in early investor funding. Each token is currently priced at just $0.001752, and given Solaxy’s wild future potential – it could explode 11,300% and reach $0.20 by 2026 – this is an almost unbelievably good deal you’re getting on Solaxy right now. If you’re interested in supporting the next big thing in DeFi, visit the official Solaxy website, connect your crypto wallet, punch in the number of tokens you want to buy, and confirm the transaction from your wallet. It’s all so simple! For further help, check out our full explainer on how to buy Solaxy. Disclaimer: A crypto token’s potential notwithstanding, kindly bear in mind that the market doesn’t guarantee any returns. This article isn’t financial advice, and we urge you to do your own research before investing.
  13. With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out the same way. Ethereum Looks Like Bitcoin Did In 2021 In the analysis posted on TradingView, crypto analyst TradingShot showed how this Ethereum cycle movement looked similar to Bitcoin’s 2021 cycle movement. The first of this was recovery from a major price crash that led to new cycle lows for the cryptocurrency, before staging a recovery that pushed it toward new highs. For Bitcoin, the crash happened when the COVID-19 lockdown was announced. Following this, the Bitcoin price had fallen more than 50% from above $9,000 to less than $4,000 in less than one month. However, after this, the Bitcoin price rebounded from the cycle lows, crossing the 1-week MA50, and then breaking the lower high trendline, and going on to reach new all-time highs. For Ethereum, the crypto analyst pointed to the price crash triggered by Donald Trump’s tariff wars as being similar to Bitcoin’s COVID crash. After Donald Trump announced tariffs on other countries, the Ethereum price also crashed by a large margin, going from above $2,400 to below $1,500 in less than a month. This has been dubbed the ‘Trade War Crash’, and the altcoin is still reeling from the decline. Currently, the Ethereum price is stuck at the point where it is still trying to break above the 1-week MA50, which is now the major level to beat to confirm this trend. Just like Bitcoin, it has also seen the formation of major resistance at the lower highs, and this sits right at the $4,200 level. This means the Ethereum price still has around a 50% rally to complete before it confirms a similar trend to Bitcoin. How High ETH Price Could Go If It Plays Out If Ethereum does reclaim the 1W 50MA and then breaks the lower highs at $4,200, confirming this trend, then the resulting rally could be exceptional. For example, after breaking the lower highs, the Bitcoin price went on to reach new all-time highs of $69,000 in 2021. This means that the price went from below $4,000 to $69,000 in the space of a year. A similar rally would mean that the Ethereum price would rise above $10,000. Taking the same timelines into position, it would put ETH at this price sometime in 2026, a year from when the Trade Wars crash had occurred. A closer parabolic rally and an imitation of Bitcoin’s 1,700% rally would mean a price tag above $15,000 for the second-largest cryptocurrency in the space.
  14. Australia’s Resolution Minerals (ASX: RML) is entering the critical minerals market in the United States with the acquisition of the Horse Heaven antimony-gold-tungsten project in central Idaho. Located in the historic Stibnite mining district, the brownfield project borders Perpetua Resources’ (NASDAQ: PPTA, TSX: PPTA) $2 billion Stibnite redevelopment, which is the only known antimony reserve in the US. Resolution will acquire Horse Heaven for $1 million in cash, along with 444.8 million shares and 222.4 million options exercisable at $0.018 each, expiring in July 2028. The project was previously held by Stallion Uranium (TSX-V: STUD). The planned acquisition gives Resolution control of two highly prospective mineralized corridors — the Antimony Ridge Fault Zone (ARFZ) and Golden Gate Fault Zone (GGFZ). Both of these corridors host known gold, silver, antimony and tungsten mineralization associated with sheared and hydrothermally altered granodiorite. The move is part of Resolution’s broader push into critical minerals, with a strategic focus on antimony and tungsten, both of which have reached record highs prices amid tightening export controls by China. According to the US Geological Survey, China accounted for 60% of global antimony production in 2024. The US currently imports all of its antimony, which is vital for manufacturing solar panels, flame retardants and defence materials. “As many governments around the world look to onshore their supply of critical minerals, such as antimony and tungsten, we have secured a commanding ground position with known antimony occurrences and next to what is likely to become the largest antimony producer in the US,” executive director Aharon Zaetz said. “The board considers that the acquisition of the Horse Heaven project has the potential to be a transformative event for RML,” he noted. Shares in Resolution jumped on the news, closing nearly 6% higher in Sydney at A$0.019 apiece. This leaves the company’s market capitalization at about A$9 million ($5.9 million). Resolution, which intends to start drilling this year, described Horse Heaven as a strategic complement to its existing Australian portfolio of antimony, gold and copper assets. Horse Heaven’s neighbouring Stibnite project is one of 20 US government-prioritized assets to be fast tracked under an executive order signed by President Donald Trump, aimed at boosting domestic critical mineral production. With an estimated 148 million pounds of antimony, Stibnite holds one of the largest reserves of the metal outside Chinese control.
  15. US-China Trade Deal Leaves a Lot of Questions Unanswered The US and China eased trade tensions by agreeing on a preliminary plan to carry out the consensus reached in Geneva, according to negotiators. While full details of the deal aren't yet available, US officials said they are confident that issues related to rare earth minerals and magnets will be resolved under this plan. 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.
  16. Bitcoin (BTC) is trying to reclaim a crucial area amid its recent price recovery, which could propel the flagship crypto toward new highs. Some analysts suggested that BTC is preparing for the “final resistance,” while others warned that it still risks a potential pullback to lower levels. Bitcoin Rally Eyes Next Resistance Bitcoin has finally regained significant bullish momentum after printing a massive daily candle on Monday. The flagship crypto recently lost its post-all-time high (ATH) range of $106,800-$109,700, sparking concern among some investors. Amid the recent market pullbacks, which began in late May, the flagship crypto also registered some volatility, losing key levels as support and hitting a one-month low near the $100,000 level last week. However, BTC reclaimed the $105,000 mark over the weekend before surging above the $106,800 crucial resistance on Monday. Following this performance, analyst Rekt Capital stated that Bitcoin has successfully retested the $104,400 re-accumulation range high resistance as new support for four weeks. He highlighted that BTC was “rebounding from this new support base in an effort to transition into Price Discovery again.” Additionally, Bitcoin ended its two-week downtrend, recording a Daily Close around the $110,500 area. Per the analyst, BTC “has skipped through the $106,600-$109,443 Daily Range entirely,” and is “once again positioning itself like in late May for a retest” of the range’s high as support, which propelled the price to its ATH last month. A daily close above the $109,443 level would set up BTC for a revisit of the “final Daily resistance,” around the $111,723 mark, before a new ATH. The analyst also affirmed that reclaiming the “final weekly resistance” of $108,900 as support would also add to BTC’s momentum. BTC In A ‘Dangerous Area’? Analyst Crypto Jelle suggested that turning the $108,000 price area into support could send Bitcoin to the price discovery phase, potentially targeting the $120,000 mark. He noted that previous unsuccessful breakout attempts failed to reclaim this level, but that the cryptocurrency is currently holding this area. Based on a multi-month pattern, Jelle also reaffirmed its $140,000-$150,000 target for BTC’s cycle top. The analyst highlighted a major inverted Head and Shoulders pattern forming since the end of 2024. According to the post, the pattern is “nearing completion” after the recent price drop formed the right shoulder, while the neckline sits around the $111,000 mark. A breakout above this level could send Bitcoin to Jelle’s cycle top target. Altcoin Sherpa considers that BTC’s chart “looks pretty good” in the high-time timeframes, suggesting that he will be “bullish until shown otherwise.” However, he warned that Bitcoin is “still in a dangerous area” as it could drop to lower levels if it doesn’t reclaim the $110,000 level. To Sherpa, “it’s logical to assume some sort of pullback is going to come in the red supply zone,” which sits between the key resistance line and its ATH level. Meanwhile, Ali Martinez highlighted on X that BTC’s most important support area sits between the $102,770 and $106,090 levels, where 2.21 million addresses bought 1.39 million BTC. As of this writing, Bitcoin trades at $109,995, a 3.6% increase in the weekly timeframe.
  17. Overview: The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions but barely. US and Chinese negotiators have reportedly reached a joint understanding of the Geneva Agreement, but the impact on the foreign exchange market appears marginal at best. The dollar's consolidative tone against the major currencies seen in recent days remains intact. On the other hand, most emerging market currencies are firmer. Here the South Korean won is an exception. It is off 0.5% despite the sixth consecutive rally in the Kospi, which has lifted it to three-year highs. Indeed, the large Asia Pacific bourses rallied today with more than 1% gains in an index of mainland Chinese companies that trade in Hong Kong, South Korea, and Taiwan. Europe's Stoxx 600 is slightly firmer after posting small losses for the past two sessions. US index futures are slightly lower, ahead of the May CPI and the $39 bln sale of 10-year notes. Benchmark 10-year yields are 2-3 bp firmer in Europe, though the UK Gilt, which outperformed yesterday on disappointing labor market developments, is underperforming today, with a 6 bp increase today. That leaves it off about 4 bp since the end of last week. The 10-year Treasury yield is a couple of basis points firmer near 4.50%. Gold is firm but holding below yesterday's high near $3350. July WTI is little changed in a narrow range near $65. USD: There has been hardly a market reaction to the tentative deal worked out between the US and China in London over the past two days. The details are not known but appear likely to result in an unwinding of some US export restrictions. It already appears to have resulted in China granting six-month export approval for magnets to US automakers. The Dollar Index continues to trade quietly in the 98.35-99.40 range is dominating here in the first part of June. It is in a roughly 98.95-99.20 range today. The issue for short-to-medium term participants is if the consolidation is a bottoming pattern or a nesting pattern before the next leg lower. We are watching the 20-day moving average near 99.60 and the down trendline drawn off the January, February and May highs that comes in around 99.45 today. The US CPI is session's highlight, and arguably the most important high-frequency economic report of the week. Economists generally expect a small rise in the year-over-year headline and core rates to 2.4% and 2.9%, respectively, from 2.3% and 2.8%. Surveys find that many businesses have already raised prices due to the tariffs. A 0.2% month-over-month increase in May, would bring the annualized pace this year to about 2.4%. With a stable unemployment rate, there is practically no chance that the Federal Reserve will comply with the White House demand for an immediate rate cut. Indeed, it might not be appreciated in Washington, but a rate cut now would likely be seen as an erosion of the Fed's independence and lead to higher rather than lower medium and longer-term interest rate. Accepting that the president cannot fire the Federal Reserve chair for a disagreement over policy, the White House has indicated that the president will soon name Powell's successor. His term as Chair, ends next May. This would seem to be an unprecedented move, but it could backfire. Few Fed decisions have faced dissent from regional presidents or governors. The "shadow" chair could end up agreeing with the Fed decisions, or she/he could go out on the limb and favor the White House position, giving rise to fears of the politicalization of future Fed policy. Separately, May's budget balance is due. The deficit in the first four months of the calendar year was almost $338 bln. In the first four months of 2024, the deficit was slightly more $345 bln. In Q1 24, the budget deficit was about 5.8% of GDP. In Q1 25, was almost 7% of GDP. Stronger growth in Q2 will see the deficit as a percent of GDP retreat. Doge over-promised and under-delivered. EURO: The euro traded on both sides of Monday's range yesterday, but settlement was little changed, which neutralizes the potential technical signal. Moreover, the single currency remains in the range set last Friday (~$1.1370-$1.1455). So far today, it is holding above $1.1400 and set session highs near $1.1445 in late European morning turnover. Although we share with the consensus that the dollar will continue to trend lower, in the near-term we continue to suspect there is room for it to bounce and for the euro to come off. The US unemployment rate is steady, the best of eurozone growth this year is likely behind us, a hawkish hold from the Fed next week and the risk that the dot plot shows only one cut this year rather than two that was anticipated last December and again in March. The non-commercials (speculators) in the futures market have nearly the largest gross and net long euro position of the year, and the interest rate differential still pays one to be long dollars. CNY: The dollar continues to consolidate against the Chinese yuan. The dollar peaked against the offshore yuan two months ago slightly shy of CNH7.43. By late May, it had fallen to almost CNH7.16, despite the apparent consensus that China would devalue the yuan to minimize the impact of the US tariffs. The greenback is in a CNH7.11825-CNH7.1900 range today. We have been anticipating this consolidative phase that extends toward CNH7.2240-65 area. The PBOC set the dollar's reference rate at CNY7.1815 today (CNY7.1840 yesterday), its lowest fix in two months. China has demonstrated its leverage through rare earths and magnets. Many did not learn the lesson when China cut Japan off in late 2010, but the US (and Europe) seemed to have learned quickly this time. Some auto assembly lines in the US and Europe had to be halted due to the lack of magnets. In exchange, the US is likely to ease some of its recently announced export controls and may reduce the "fentanyl" tariff. We have consistently suggested that it would be easier for China to replace US demand and work around the chip bans than it is for the US to replace the goods (including rare earths and magnets) in the short- to medium-term, it gets from China. Beijing knows this as much as Zelensky knew of the pending drone attack on Russia from inside Russia as he was being dressed down in the Oval Office. JPY: The greenback did not settle above JPY145 yesterday, after straddling that area in NY afternoon to record the high for the month, so far. Still, the close was the highest since May 16. And for the fourth consecutive session today, the dollar is recording higher lower. It has approached resistance near JPY145.30. A close above it improves the technical tone and would likely coincide with the momentum indicators turning higher, too. Such price action would target the JPY146.00-30 area next. As the market's reaction to President Trump's social media pronouncements, and the tariffs are off the top pages (export controls are the key now), the yen's exchange rate is becoming more sensitive to US 10-year rates again. The rolling 30-day correlation had fallen below 0.10 in May and is now back to almost 0.40. GBP: Sterling was sold to almost $1.3455 in response to the disappointing employment report and the swaps market bring forward the next rate cut. It recovered to about $1.3535 in the North American morning and hovered around $1.35 (mostly below) after European markets closed. Sterling is consolidating today between $1.3465 and $1.3510. A close below the 20-day moving average (~$1.3475), which it has not done in nearly a month, weakens the technical tone. More weak economic news is in the pipeline. The median forecast for tomorrow's April's GDP report is for a 0.1% contraction, which would be the first since the back-to-back decline in output last September and October. Recall that the UK economy was the strongest in the G7 in Q1 with a 0.7% quarter-over-quarter expansion. A contraction in April is a poor way to begin the quarter, for which the median forecast in Bloomberg's survey sees 0.2% growth in Q2 and Q3. CAD: The US dollar traded on both sides of Monday's range yesterday and the close was slightly above Monday's low. However, there has been no follow-through dollar selling today and it is trading near session highs (~CAD1.3685) in Europe. The greenback remains mired in the narrow consolidative range that has dominated this month (~CAD1.3635-CAD1.3745). Still our bias is to see CAD1.38 before CAD1.36. Beginning last November, Canada's building permits have alternated month between increases and declines. True to form after a 4.1% decline in April, economists project a modest gain in May (median forecast in Bloomberg's survey is for a 2.0% increase). AUD: The Australian dollar continues to gyrate near its best levels of the year, still shy of the retracement objective near $0.6550. For the third session, the Aussie is in a roughly $0.6490-$0.6535 range. The news is light, but the momentum indicators are constructive. Overcoming the $0.6550 area could signal an advance toward $0.6625 and then $0.6700. For its part, the New Zealand dollar is trading around its equivalent retracement as the $0.6550 area in the Aussie (~$0.6040). It is in about a $0.6025-$0.6060 range today. The Reserve Bank of New Zealand's monetary cycle is nearly over. The swaps market has one more cut discounted for later this year. Nevertheless, the Australian dollar looks poised to appreciate against the New Zealand dollar. MXN: The dollar traded quietly against the peso yesterday, holding above the nearly 10-month low seen Monday slightly below MXN19.03. However, dollar sellers emerged on the bounce to almost MXN19.10 and it settled little changed and near the middle of the session's range around MXN19.06. It is holding above MXN19.03 today. Reports suggest that Mexico and the US are near an agreement to reduce the 50% steel tariff and combine it with a quota, in a similar type of deal that was struck in Trump's first term. Today sees Mexico's April industrial output. A minor 0.1% gain is expected after a sharp 0.9% drop in March. It crystallizes the pressure on the central bank. The CPI reported earlier this week was firm with both the headline and core rates above 4% but the economy is weak. The economy expanded by 0.2% in Q1 after contracting by 0.6% in Q4 24 (quarter-over-quarter). The median forecast in Bloomberg's survey is for a flat performance in Q2. Disclaimer
  18. Grauber Contesoto, also known as the ‘Doge Coin Millionaire‘, announced last week that he is now a PEPE millionaire with his holdings exceeding $1.11 million. Contesoto made his name in the 2021 bull market after his DOGE investment hit 7-figures; however, the memecoin trader did not take profits, meaning his millionaire status washed away during the bear market. Doge Coin Millionaire Now A PEPE Millionaire After Swapping ETH Holdings For The Green Frog The former Doge Coin Millionaire stated that he holds PEPE across six separate wallets, amounting to more than $1 million. Contesoto still holds his DOGE coin stack, with his holdings amounting to 5 million DOGE, currently worth $990,000. Grauber decided to swap his Ethereum for PEPE in February of this year, following 11 months of awful price action that saw ETH go from $3,800 to $1,555. On his decision to go all in on PEPE, Contesoto said, “I think Pepe is probably one of the only other memes that are up there with Doge regarding how recognizable they are.” He also appreciates that the PEPE meme is more edgy than DOGE, saying it represents internet culture at its deepest and darkest. Contesoto admits that he made mistakes during the last cycle in not taking enough profits. He states that buying is easy and selling is the real challenge. The memecoin trader has made it clear that he will sell some DOGE in 2025, saying “By the end of 2025, at least half of the DOGE coins will be sold”. The newly minted PEPE millionaire is adopting a new strategy in 2025, spreading his risk between multiple large-cap memecoins. Contesoto has invested $100,000 each into leading Base memecoin Brett ($BRETT) and Floki ($FLOKI), with aims to become a millionaire across multiple meme coins. DISCOVER: Best AI Crypto To Buy In June 2025 How Is Contesoto’s Memecoin Portfolio Performing: DOGE, PEPE, BRETT & FLOKI All In The Green Today Maybe Grauber Contesoto will finally realize his millionaire status dream during this bull run after fumbling the bag in 2021 by not taking profits on his 7-figure DOGE stack. He has taken a more measured approach this time around, with over $1m of unrealized profits in PEPE and 5m DOGE tokens currently worth $990,000. On a smaller scale, the memecoin maxi has also put $100k into each of BRETT and FLOKI, hoping to see those holdings hit the million mark. It has been a solid start for Contesoto as DOGE, PEPE, BRETT & FLOKI are all in the green today, posting 4.6%, 2.1%, 1.9% and 6% respectively. Many believe that this bull run will finally see DOGE realize the community’s long-awaited dream of hitting $1, a 5x increase from its current price of $0.2. (COINGECKO) PEPE is 54% away from its December 2024 all-time high when it hit $11.1 billion in market cap, meaning a 2.2x return is on the cards to get back to that level. BRETT is the leading memecoin on Base chain and also hit its all-time high in December of last year, surpassing $2.1 billion in market cap before dropping nearly 90% to just over $200 million. It is recovering extremely well with its market cap currently sitting at $576 million. A near 4x return is needed just to get back to those December highs. On June 4, FLOKI posted a launch trailer for its upcoming Valhalla, an NFT play-to-earn metaverse game that will allow players to earn FLOKI while also being powered by the meme coin. Hype is building for the game, with FLOKI posting 9% gains in the past week after the release date for Valhalla was listed as June 30, 2025. EXPLORE: Top 20 Crypto to Buy in June 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post ‘Doge Coin Millionaire’ Who Fumbled 7-Figure DOGE Bag In 2021 Is Now A PEPE Millionaire appeared first on 99Bitcoins.
  19. On-chain data shows the veterans of the Bitcoin market are taking 89% less profits compared to the May peak, despite prices being similar now. Bitcoin Realized Profit For 1Y+ Hands Is Relatively Low Right Now In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit of the seasoned hands on the Bitcoin network. The “Realized Profit” refers to an indicator that measures, as its name implies, the amount of profit that the BTC investors are realizing through their selling. The metric works by going through the transfer history of each coin being transacted or ‘sold’ on the chain to see what price it was moved at prior to this. If the previous selling value is less than the current price for any token, then that particular token’s sale is contributing to profit realization. The amount of profit realized in the sale is naturally equal to the difference between the two prices. The Realized Profit sums up this value for all tokens being transferred to find the total for the network as a whole. In the context of the current topic, the Realized Profit of the entire userbase isn’t of interest, but just that of a specific part of it: the 1+ year holders. These are the investors who have been holding onto their coins since more than a year, without having involved them in a transaction even once. Statistically, the longer an investor holds onto their tokens, the less likely they become to sell them in the future. As such, this part of the userbase with its significant holding time would include the resolute diamond hands of the market. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Realized Profit for these HODLers over the last few months: As displayed in the above graph, the Bitcoin Realized Profit of the 1+ year investors observed a huge spike in late May. This sharp profit-taking spree from these seasoned hands came as BTC surged to $110,000 following its post all-time high (ATH) pullback. Shortly after the selloff from this cohort, BTC started on a decline. During the past day, though, the asset has appeared to have finally shoved off this bearish momentum, as it has once more returned above the $109,000 mark. This time, however, there hasn’t been any significant reaction from the diamond hands. Currently, the 24-hour simple moving average (SMA) of the group’s Realized Profit sits at $13.6 million, which is 89% down compared to the $126 million peak from last month. It’s possible that the veterans of the market think there is more to come in the latest Bitcoin rally, so they are choosing to HODL strong. BTC Price At the time of writing, Bitcoin is floating around $109,100, up more than 2% in the last seven days.
  20. Oh boy, here we go again with the “Big Beautiful Bill” circus. No tax on overtime and tips, promised by President Donald Trump during his 2024 campaign, might be dead. Trump’s tax-free tip is a Molotov cocktail wrapped in dollar bills. Supporters call it a long-overdue break for America’s service class but detractors—including members of his own party—say it should be removed from the bill. Let’s break this down for you before the political spergs comment on it: (X) Big Beautiful BILL: The Good, Bad, and Ugly The proposal to scrap income taxes on tipped wages began as a campaign one-liner at a Trump rally in Las Vegas last summer. Within days, it morphed into a legitimate policy discussion, drawing endorsements from both sides of the aisle. Nevada Senators Catherine Cortez Masto and Jacky Rosen cited the state’s heavy reliance on tourism jobs, while GOP figures like Senator Ted Cruz praised the move as a “pro-worker” tax cut. No tax on TIPS or overtime is bullish for restaurant stocks, yet bearish for your sanity when you realize your bartender makes more than you after tips. All jokes aside, here’s the most important things inside Trump’s Big Beautiful Bill: No tax on overtime: Sounds great until you realize this just means employers will cut base pay and force you to work 60-hour weeks to survive. It reduces previously planned Medicaid spending to reduce the previously planned deficit It makes Trump’s 2017 tax cuts permanent, which is good (depending on how you look at it). It removes income tax only on cash tips, which is kind of a joke. Nobody pays taxes on cash tips already. This just makes it so all those people aren’t technically committing a crime aren’t anymore. It reduces income tax on seniors. Limits apply. It funds border security with over $45B for the wall (probably enough to cover the entire Southern border) and more ICE agents and Border Patrol. It adds a 3.5% tax on remittances (money transfers from USA to overseas) if you don’t provide proof of legal status. Basically a tax that only illegal immigrants will pay. There are other provisions in the bill like ending some “climate change” tax incentives and giving a tax incentive to buy American-made cars, but this is the major stuff. The Senate’s Surprise Vote Senate Budget Committee Chairman Lindsey Graham offered a lukewarm endorsement, suggesting the proposal might be better addressed in a separate bill rather than shoehorned into wider taxation and spending legislation. “There are some things the president wants, like no tax on tips and overtime, but it may be hard to fit that in completely,” Graham remarked. The idea of tax-free tips lands well with workers who live shift to shift, but the fine print tells another story. Eligibility for the policy is capped, payroll taxes will still be there, and exemptions are carved up in a way that could create more confusion than clarity. And come 2028, it all expires unless a future administration chooses to keep it alive. What’s Next? As the Big Beautiful Bill Act heads to the Senate, its fate hangs with the GOP. Even so, leadership seems determined to protect the flashiest part of the plan: no taxes on overtime and tips For millions of service workers, this proposal could represent meaningful financial relief, but it hinges on whether Congress can reconcile the competing priorities in Trump’s sweeping legislation. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Oh boy, here we go again with the “Big Beautiful Bill” circus. No tax on overtime and tips, promised by President Donald Trump during his 2024 campaign, might be dead. The post No Tax On Overtime or Tips Rejected By Senate: Thanks For Playing appeared first on 99Bitcoins.
  21. In a twist few expected, the SEC is warming up to DeFi crypto coins. There’s no PhD needed to make it in this market. Just stop being scared of clicking buttons and start learning decentralized finance. At a June 9 roundtable titled “DeFi and the American Spirit,” Chairman Paul Atkins didn’t call for crackdowns or stricter oversight. Instead, he talked about liberty, innovation, and the core American idea of owning your own financial future. The effect was immediate: Ethereum jumped, DeFi tokens rallied, and we might be looking at the first DeFi summer in five years. EthereumPriceMarket CapETH$337.90B24h7d30d1yAll time A Call for Innovation Exemptions Among DeFi Crypto Coins DeFi, put simply, is lateral distribution of surveillance. The financial cage in DeFi is digital and transparent, etched into the blockchain for computing eternity. Every node a watcher, every node a signal. For the first time in years, a top U.S. regulator is talking about cutting DeFi builders some slack. Chairman Atkins proposed offering “conditional exemptive relief” to projects navigating the gray zones of crypto law. “Many entrepreneurs are developing software applications that are designed to function without administration by any operator,” Atkins stated. Atkins also argued against holding engineers accountable merely for writing code that others may use for regulated activities. Instead, he supported self-custody and blockchain’s ability to enable trustless, P2P (peer-to-peer) transactions. “The right to self-custody one’s private property is a foundational American value,” he stressed. Market Responds to SEC’s Decentralized Focus The policy shift spurred a wave of positivity across the crypto market. Ethereum, often regarded as the backbone of DeFi, jumped 8% to $2,750. Meanwhile, top DeFi tokens also rallied—with Uniswap (UNI), Aave (AAVE), and SKY soaring 25%, 15%, and 16%, respectively. Experts attribute much of Ethereum’s strong performance to the SEC’s remarks. Paul Howard, Senior Director at Wincent, commented, “Positive sentiment from the SEC on DeFi has helped lift the market. Ethereum, in particular, has outperformed thanks to its pivotal role in this space.” (ETH) Broader market metrics echoed this enthusiasm. According to CoinGecko, the DeFi sector’s market capitalization grew by 10%, hitting $150 billion. Spot ETH ETFs saw net inflows of $53 million, while U.S. spot BTC ETFs attracted $386 million. Implications for DeFi and Crypto Regulation The SEC’s latest tone shift is a hard break from the previous regime’s crackdown-heavy posture. “No one expected the SEC to lean in this far,” said ‘Crypto Is Macro Now’ author Noelle Acheson. “It’s a stark departure from the old guard.” Still, not everyone’s buying the rebrand. Commissioner Hester Peirce warned that slapping “DeFi” on anything shouldn’t be a get-out-of-jail-free card. She highlighted the need to hold centralized entities accountable while continuing to protect innovators’ rights. “The SEC must not infringe on First Amendment rights by regulating someone who merely publishes code,” Peirce emphasized. By easing operational restrictions, the SEC is opening the door for the development of trustless, on-chain ecosystems. If Atkins’ proposed innovation exemptions gain traction, it could further solidify the U.S. as a hub for blockchain and DeFi innovation. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways In a twist few expected, the SEC is warming up to DeFi crypto coins. Chairman Atkins proposed offering “conditional exemptive relief” to projects navigating the gray zones of crypto law. The post SEC Roundtable Pumps DeFi Crypto Coins and AAVE Ahead of CPI News: What to Expect? appeared first on 99Bitcoins.
  22. Ethereum (ETH), the second-largest cryptocurrency by market cap, may finally be awakening from its slumber. It recently flashed a bullish golden cross on the daily chart – a signal that has many crypto analysts forecasting a potential new all-time high (ATH) in the near future. Ethereum Flashes Bullish Golden Cross In an X post published today, crypto analyst Titan of Crypto noted that ETH has formed a golden cross on its daily chart. He shared the following chart and remarked that bullish momentum appears to be building for Ethereum. To explain, a golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) – typically the 50-day – crosses above a long-term MA like the 200-day. It signals a potential shift in momentum and is often seen as an indicator of a sustained upward trend. Meanwhile, seasoned crypto analyst Ali Martinez commented on ETH’s recent price action. He noted that Ethereum has broken resistance on the 4-hour chart and could be setting up for a move as high as $2,920 in the coming days. Fellow market commentator Ted Pillows echoed a similar view. He stated that ETH is currently trading at a local range high, pushing against a key resistance level at $2,800. Pillows suggested that the digital asset might reach $4,000 later this month. Multiple technical indicators and market structure patterns are also hinting at near-term upside for ETH. For instance, crypto trader Merlijn The Trader observed a hidden bullish divergence on the 12-hour chart. A hidden bullish divergence occurs when price forms a higher low, while a momentum indicator – such as RSI or MACD – forms a lower low. This setup suggests that although momentum appears weak, the underlying trend remains intact, and a price continuation to the upside is likely. In a similar vein, digital assets analyst Crypto Caesar pointed out that Ethereum’s Wyckoff Accumulation pattern is “still playing out perfectly.” He shared a chart predicting that ETH may hit a new all-time high by August 2025. All Indicators Point To Further Upside Beyond the technical patterns, other on-chain and market indicators continue to support the bullish thesis. For instance, even after gaining over 11% in the past two weeks, Ethereum’s funding rates remain relatively neutral – a sign that the rally may still have room to grow. Additionally, ETH is eyeing a potential breakout to $3,500, with its price projected to surge above the crucial 50-day exponential moving average (EMA). At press time, ETH trades at $2,740, up 6.8% in the past 24 hours.
  23. Tron (TRX) has experienced positive price action recently, aligning with the upward trend seen across the broader cryptocurrency market. In the past 24 hours, TRX climbed approximately 3.9%, reaching a trading value of $0.294. Despite these recent gains, Tron remains significantly below its all-time high of $0.43, set in December 2024, representing roughly a 31.8% decrease from that peak. This upward trajectory coincides with notable stablecoin activity on the Tron network, particularly involving Tether’s USDT token. Recently, a substantial minting event involving USDT occurred, signaling increased liquidity and potential market demand. Significant USDT Minting Event on Tron Amr Taha, an analyst from CryptoQuant’s QuickTake Platform, highlighted a significant event occurring on the Tron blockchain involving Tether’s stablecoin, USDT. According to Taha’s report titled “Tether Treasury mints $1 billion USDT on TRON prior to Bitcoin reaching $110,000,” the Tether Treasury recently issued 1 billion new USDT tokens on the Tron blockchain on June 9, 2025. This mint represents the largest single issuance of USDT on Tron for the month so far, emphasizing the network’s increasing relevance for stablecoin transactions. Taha noted that two primary factors likely drove this sizable minting event. First, it points toward elevated market demand for stablecoins, particularly within Tron’s ecosystem, known for low transaction fees and high-speed transfers. Second, the minting could signal significant institutional activity or preparations for substantial over-the-counter (OTC) crypto trades. Historically, such minting events tend to precede increased trading activity as investors leverage newly injected liquidity into the markets. The introduction of additional stablecoin liquidity typically boosts overall cryptocurrency market conditions, potentially providing support during periods when traditional financial markets are less robust. Divergent Trends: Rising TRX Price and Declining TVL Meanwhile, separate on-chain analysis by CryptoQuant contributor Joao Wedson noted a sharp decrease of nearly $2 billion in the total value locked (TVL) within lending protocols on Tron. This recent drop in TVL contrasts notably with the rising price of TRX, marking a divergence that raises intriguing questions for investors. Wedson pointed out that historically, reduced TVL in lending platforms on Tron has correlated with upward price movements for TRX, as previously observed in early 2024. However, the current scenario, where TRX’s value continues to climb despite significant reductions in lending protocol engagement, may hint at underlying shifts in investor strategies or possible structural changes within the network’s financial ecosystem. Featured image created with dALL-E, Chart from TradingView
  24. US and Chinese officials have concluded two days of trade negotiations in London, reaching a preliminary agreement aimed at easing ongoing trade tensions. The agreement outlines a framework to implement consensus points from the previous round of talks held in Switzerland on 10–11 May. If ratified by both presidents, it could pave the way for a renewed flow of sensitive goods between the world’s two largest economies. Key components include improved US access to rare earth minerals and magnets, and resumed Chinese imports of semiconductors, chip design software, jet engine parts, chemicals, and nuclear materials. close Fig 1: EUR/GBP minor trend as of 11 June 2025 (Source: TradingView) Fig 1: EUR/GBP minor trend as of 11 June 2025 (Source: TradingView) Yesterday, 10 June, the price actions of the EUR/GBP have staged a bullish breakout from a bullish reversal “Inverse Head & Shoulders” configuration above its former neckline resistance at 0.8440, likely putting an end to its prior medium downtrend phase from 11 April 2025 to 29 May 2025. The hourly RSI momentum indicator has just exited from its overbought region, where it suggests the risk of EUR/GBP to stage a minor pull-back at this juncture before it may resume another leg of a bullish impulsive up move sequence. Watch the key short-term pivotal support at 0.8440 on the EUR/GBP with the next intermediate resistances coming in at 0.8490, 0.8510, and 0.8540. On the other hand, a break below 0.8440 invalidates the bullish breakout scenario to reignite a choppy corrective decline sequence to expose the next intermediate supports at 0.8410, and 0.8380/8360 (also the 200-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.
  25. Bitcoin has returned to an upward trajectory, with the asset posting a 1.7% gain in the last 24 hours to reach $109,505. This marks a 4% increase in the past week, placing the cryptocurrency less than 2% below its all-time high of $111,000 set last month. The move follows a period of subdued market activity, with recent gains occurring in a relatively quiet trading environment. Analysts have looked into on-chain indicators for signals of whether the current price action is sustainable or approaching overheated levels. Particularly, unlike previous rallies driven by sharp price spikes and speculative retail demand, the latest growth appears more measured. This has prompted the assessment of metrics such as Binary Coin Days Destroyed (CDD), MVRV ratio, and exchange premium indexes to gauge underlying investor behavior and sentiment. Bitcoin Long-Term Holders and US Demand Drive Quiet Accumulation According to an analysis published on CryptoQuant’s QuickTake platform by contributor Avocado Onchain, Bitcoin’s current rally is taking shape under relatively stable conditions. The analyst points to a declining 30-day moving average of Binary CDD, a metric that tracks the spending behavior of long-term holders. The decrease suggests that these holders are not yet exiting the market, indicating a continued confidence in the asset’s potential for further gains. Another notable indicator cited in the analysis is the Coinbase Premium Index, which measures the difference between Bitcoin prices on US-based Coinbase and other global exchanges. This premium is increasing and nearing levels observed during Bitcoin’s prior peaks in March and December 2024. While elevated premiums can be a warning sign of overheating, Avocado notes that the Korea Premium Index remains low, suggesting muted activity from retail traders in Asia. This balance implies that institutional buying pressure, particularly from US-based investors, could be driving the recent momentum. In addition, the MVRV ratio, a comparison of Bitcoin’s market value to its realized value, has been rising gradually without any sharp jumps. This suggests that the market has not entered an extreme greed phase, further reinforcing the idea that the current uptrend may have more room to run. Avocado wrote: In summary, rather than anticipating a correction, the current indicators suggest that Bitcoin may have further room to grow, and this could be a time to carefully monitor the potential for continued upside. Whale Activity and Institutional Inflows Signal Market Confidence In a separate post, another CryptoQuant contributor known as Crypto Dan highlighted consistent buying activity from larger market players. His report notes that the Coinbase Premium has been climbing steadily since April 21, indicating increased demand from US investors. This trend, combined with observations of whale accumulation, points to a strengthening market foundation despite the absence of exuberant price behavior. The analyst further noted that such patterns are characteristic of post-correction recovery phases in Bitcoin’s historical price cycles. So far, the combination of long-term holder conviction, institutional demand, and subdued retail activity suggests the rally may be advancing on more stable footing than prior surges. Featured image created with DALL-E, Chart from TradingView
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