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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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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

XRP price started a fresh increase above the $2.265 zone. The price is now consolidating and might aim for an upward move above the $2.30 resistance. XRP price started a decent upward move above the $2.250 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.30 resistance zone. XRP Price Consolidates Gains XRP price formed a base and started a fresh increase from the $2.10 zone, like Bitcoin and Ethereum. There was a move above the $2.150 and $2.20 resistance levels. The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.320 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. Downside Break? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level and the trend line. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.2750 and $2.250. Major Resistance Levels – $2.30 and $2.320.

In his latest macro-technical analysis, crypto strategist Kevin (@Kev_Capital_TA) has flagged a potentially pivotal moment for Ethereum (ETH), arguing that a confluence of rare monthly chart signals—some not seen in years—could be laying the groundwork for durable altcoin outperformance. Speaking in a video posted June 9, the analyst described the current Ethereum setup across multiple timeframes as “something we’ve never seen before,” drawing comparisons to historical signals that preceded major rallies in 2016, 2018, and 2020. Ethereum Primed For Macro Breakout Kevin emphasized that Ethereum now exhibits strong bullish momentum across its USD pair, dominance chart, and ETH/BTC ratio, pointing to a simultaneous alignment of several high-time frame indicators. “These are things that just don’t pop up every day,” he said. “Matter of fact, these are things that have almost never popped up in such confluence throughout history for Ethereum.” The core of Kevin’s thesis hinges on what he calls a “monthly demand candle”—a large, typically green candlestick that emerges after a protracted correction. Ethereum printed such a candle in May 2025 following nearly a year of sideways chop and five months of drawdown. Historically, these demand candles have marked the start of significant uptrends. Kevin cited analogous structures in 2016, 2018, and during the COVID-19 crash in 2020, all of which preceded multi-month rallies. “This may be the most textbook demand candle we’ve ever had,” he noted, adding that “the last time we saw something like this was before ETH ran for nearly a year with barely any major correction.” Supporting the candle analysis is a synchronized bullish turn in several technical indicators. The Market Cipher momentum wave has clipped into the oversold zone and printed a confirmed green dot buy signal. Simultaneously, the VWAP—volume-weighted average price—has crossed above the zero line, and money flow has started to trend upward. Kevin was explicit about the importance of this configuration: “Let me tell you something: this is a big deal.” The monthly RSI, currently sitting at 51, has not yet broken the crucial 70-level that historically marks the onset of parabolic price action. According to Kevin, “ETH has never even broken 70 this cycle. You haven’t seen what’s possible yet for Ethereum—or for altcoins in general. You’ve seen nothing yet.” He also highlighted the return of whale accumulation, measured through a proprietary “whale money flow” indicator. After exiting ETH positions for over a year—from March 2024 to May 2025—whale flows have shown a V-shaped bottom and are now turning up. “We are now starting to see accumulation durably here,” Kevin said. “You keep hearing that BlackRock’s buying ETH, and I don’t know if that’s reflected in this indicator, but we are definitely seeing whale activity occur on the monthly time frame.” The analyst went further, showing that Ethereum’s stock RSI on the monthly timeframe has not only bottomed out but is now rebounding sharply—a pattern that historically precedes long-duration uptrends. “This is aggressive movement,” he explained, noting that for confirmation, the RSI still needs to cross the 20-level, but emphasized that the current shape of the rebound is stronger than in previous cycles. Ethereum Shows Relative Strength Another key piece of the puzzle is Ethereum’s dominance chart, which tracks ETH’s market cap relative to the rest of the crypto space excluding Bitcoin. Kevin pointed to a potential double bottom on the monthly chart and a newly confirmed MACD momentum shift, the first in over two years. “That’s two years and one month of downtrend finally reversing,” he said. Related Reading: Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June Finally, the ETH/BTC pair is showing a near-identical structure to Ethereum’s dominance chart. Kevin believes this confluence is key. “Look at that—wow, that’s funny—it looks the same. You find your major low right where you found it in 2020. The monthly indicators are all curling up.” Still, he remained measured in his optimism, noting that macroeconomic conditions—particularly monetary policy—remain essential for confirming the bullish case. “It’s going to take some monetary policy shifting. We still need inflation to come in line. But the market is living four to six months ahead. If the market starts to sniff out that easing is coming, we’ll see that reflected in asset prices before it happens.” Referencing cycle theory and historical post-halving performance, Kevin argued that ETH’s recent relative strength fits both narratives. “Typically, ETH and altcoins start to outperform Bitcoin in the post-halving year. We’re halfway through that window—and it looks like it’s finally starting.” Looking ahead, he sees Ethereum as the “major key” that unlocks broad altcoin outperformance. “ETH opens the door to soaking up market cap, which will then leak down into mid-caps and small-caps. Everything starts with ETH.” While reiterating that patience is crucial, Kevin concluded with conviction: “The monthly timeframe indicators have never been more historically on our side. I think we’re on the verge of something really big.” At press time, ETH traded at $2,739.

Ethereum price started a fresh increase above the $2,650 zone. ETH is now consolidating and eyes more gains above the $2,850 resistance. Ethereum started a fresh increase above the $2,750 level. The price is trading above $2,700 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if it clears the $2,850 zone in the near term. Ethereum Price Rises Further Ethereum price started a fresh increase after it found support near the $2,500 level, beating Bitcoin. ETH price was able to clear the $2,600 and $2,650 resistance levels. The bulls pushed the price above $2,750. ETH even spiked above $2,800. A high was formed at $2,832 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,483 swing low to the $2,832 high. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,750 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,820 level. The next key resistance is near the $2,850 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,920 resistance. An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,120 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $2,850 resistance, it could start a fresh decline. Initial support on the downside is near the $2,750 level. The first major support sits near the $2,650 zone and the 50% Fib retracement level of the upward move from the $2,483 swing low to the $2,832 high. A clear move below the $2,650 support might push the price toward the $2,600 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,750 Major Resistance Level – $2,850

An analyst has pointed out how Toncoin (TON) is currently trading inside a Triangle pattern that could potentially set the stage up for a 40% move. Toncoin Has Been Stuck Inside A Triangle On The Daily Timeframe In a new post on X, analyst Ali Martinez has talked about a pattern that Toncoin has recently been moving inside. The pattern in question is a Triangle from technical analysis (TA), which forms when an asset’s price observes consolidation between two converging trendlines. The upper line of the pattern is likely to be a source of resistance in the future, while the lower one is that of support. A breakout of either of these lines can imply a continuation of the trend in that direction. There are a few different types of Triangles in TA. Three popular ones include the Ascending, Descending, and Symmetrical variations. The orientation of the trendlines relative to each other defines which type a particular triangular channel falls under. In an Ascending Triangle, the upper trendline is parallel to the time-axis. This means that as the price travels inside the pattern, its consolidation shrinks toward a net upside. The Descending Triangle involves just the opposite case; the upper line is sloped downward while the lower one is flat. The third variation, the Symmetrical Triangle, has its trendlines at a roughly equal and opposite slope. In this pattern, the price’s range tightens to a point in a sideways manner. Now, here is the chart shared by the analyst that shows the Triangle pattern that Toncoin has seemingly been trapped within during the past few months: From the graph, it’s visible that the Triangle that the 1-day price of Toncoin has been following looks similar to a Symmetrical Triangle, but it’s not a perfect one; there is a slight bias to the downside. The cryptocurrency most recently found support at the lower line and has since climbed toward the midway point between the trendlines. The coin’s price is now not too far from the apex of the pattern. Generally, breakouts become more likely as consolidation becomes tighter, so it’s possible that TON may be approaching one. According to the analyst, a breakout, if it happens, could potentially end up leading to a 40% move for Toncoin. As for which direction a breakout might take the asset in, Symmetrical Triangles usually have both sides at equal probability. Since the Triangle in the current case is slightly angled down, however, an exit below the lower line may be a bit more likely. It now remains to be seen how Toncoin’s price will develop in the coming days and if the pattern will play any role. TON Price At the time of writing, Toncoin is trading around $3.3, up over 2% in the last seven days.

According to crypto entrepreneur Edoardo Farina, most individual XRP holders could find themselves shut out as inflation and tight budgets squeeze their options. He argues that owning more than 10,000 XRP – which costs about $23,100 at a price of $2.31 per token – has become a barrier for anyone living paycheck to paycheck. Rich List Data Reveals Concentration Based on reports, there are about 6.55 million XRP wallet addresses in existence. Less than 4% of those wallets contain at least 10,000 XRP. A clear majority, over 5 million addresses, hold 500 XRP or fewer. That gap shows how stacked the system is. More than 166,250 wallets sit in the 10,000–25,000 XRP range. Another 159,566 wallets carry between 5,000 and 10,000 XRP. These figures point to a small group with deep pockets, while the rest trail far behind. Inflation Pressures Hit Small Holders Farina warns that rising inflation is forcing ordinary holders to sell just to cover daily needs. He notes, “We’re already seeing people around the world selling their XRP just to buy groceries.” When basic goods cost more each month, people feel they have no choice but to cash out their crypto. It’s a harsh reality. Owning large amounts of XRP has morphed from a luxury into a struggle for survival. Threshold Debate Heats Up He first said 95% of XRP holders risk being priced out. Now he’s raised that warning to 99%. That jump has sparked debate. Some worry it feeds a fear of missing out on a “10,000-XRP club,” while others see it as a wake-up call. Farina questions whether Bitcoin’s rally to about $112,000 really reflects growth, or simply the dollar losing its value. He frames the issue as a tug-of-war between crypto gains and fiat losses. Calls For New Income Streams Instead of selling crypto, Farina urges holders to find extra income. He suggests side hustles or online work as ways to avoid cutting into holdings. “If you truly believe XRP has long-term value, selling it now for groceries is exactly what they want you to do,” he said. His advice pushes people to rethink how they earn and where they live. Crypto markets can move on legal news and product launches, not only inflation. Ripple’s ongoing court case and ETF filings could change XRP’s path. Still, Farina’s message taps into a broader concern: the gap between small and large holders may widen as prices climb. Retail investors can still join in. They just need to pace their buys and stay aware of both crypto trends and everyday costs. Featured image from Imagen, chart from TradingView

CERRO DE PASCO, PERU — Standing on a hilltop over central Peru’s Cerro De Pasco at 4,300 metres above sea level, two sites are visible that show the mining city’s past and potential future. On the left is a gaping open pit where silver, gold, copper and zinc have been mined since the 17th century and around which the city grew. On the right, and further away, is a lake and hill where Quebec-based Cerro de Pasco Resources (TSXV: CDPR) might mine historic tailings while restoring the environment at its El Metalurgista project. The city is located in the central Andes, 250 km northeast of the capital Lima. “We’re not only doing business here in Peru but also cleaning the environment,” Manuel Rodriguez, Pasco’s executive director and president, told The Northern Miner during a June site visit. “It’s a large liability. It’s a very contaminated city, a very poor city where the communities expect this mining [to continue].” Watch a video of the site visit Local communities expect and rely on responsible mining activities not only to drive economic opportunity, but also to ensure a cleaner, more sustainable future for the region, the company says. Last August, the Peru government granted Eric Sprott-backed Pasco a permit to explore and mine tailings there – the first time in Peru that the government has classified a tailings site as an exploration project. Pasco’s potential mining of the site would continue the city’s circular mining economy and take it in a greener direction. Pasco shares rose 8.5% to close at C$0.44 apiece in Toronto, for a market capitalization of C$228.25 million. Earlier the stock hit an almost-five-year high of C$0.45 in intraday trading. Decades of tailings El Metalurgista comprises two sites just southwest of the city. Its Excelsior stockpile hosts more than 70 million tonnes, of which 30.1 million tonnes sits inside the El Metalurgista concession, according to an initial resource from 2020. The stockpile grades at 44 grams silver per tonne, 1.5% zinc and 0.6% lead for 42.9 million oz. contained silver, 437,000 tonnes zinc and 184,000 tonnes lead. After a lunch of local trout and giant cobs of corn that provided needed energy for walking around the site amid the low-oxygen air, Pasco’s senior project manager Alfonso Palacio Castilla gestured at a grassy hill. The 679,200-sq.-metre Excelsior stockpile, now remediated and covered in a geo-membrane, topsoil and vegetation, comprises ore mined from 1952 to 1996. “[But] the material buried under the cover is still…generating acid mining drainage, so this cover isn’t the ideal closure plan,” Castilla said. “The plan is to reprocess this material, muck it out with heavy machinery and take it to the plant.” Next to Excelsior is the 1.15-sq.-km Quiulacocha site, which comprises tailings deposited from the early 1900s to 1992. About two-thirds of it looks like grey mud, and the rest is a lake, turned brownish-red from tailings leaching. Quiulacocha hosts more than 70 million tonnes of tailings grading 1.6% copper, 1.3% lead, 1.2 grams gold and 57.9 grams silver for estimated contained metal of 1.25 million tonnes zinc, 632,000 tonnes gold, 115 million oz. silver, 262,000 tonnes of copper and 770,000 tonnes lead, according to an historic resource. High-grade tailings Pasco is conducting a two-stage drill program to support a resource for Quiulacocha. Between August and November last year, crews completed the first stage of 927 metres across 40 holes. Highlight hole SPT1_4 cut 25 metres from surface grading 53 grams silver, 1.46% zinc, 1.22% lead and 92 grams gallium – an important energy transition metal for its use in semiconductors, LED lights and solar panels. SPT1_5 cut the same width at 54.06 grams silver, 1.65% zinc, 1.23% lead and 79.81 grams gallium from surface. The first eight metres of both holes returned 141 grams gallium and 115 grams gallium, respectively, the company said. The second, 80-hole stage of more than 3,000 metres is to start imminently. Like the first stage, it will use sonic drills, better suited for penetrating tailings slurry and down to hard rock than rotary or diamond drilling. The Quiulacocha resource is targeted for release in the second half of 2026, to be incorporated into a pre-feasibility study, with a feasibility study to follow in about two years, Rodriguez said. Though production would be further down the road, Pasco plans to start producing first at Quiulacocha before determining a timeline for Excelsior’s development. The company is funded for its activities through to the PFS. Eric Sprott, who invested C$5 million in Pasco last November, holds 16.6% of its shares. Mining the slurry Pasco envisions recovering tailings from Quiulacocha using a pump mounted under a floating barge which will suck up the slurry and deliver it to a processing plant through a pipeline. That approach removes the need to use heavy machinery, haul trucks, explosives and roads to move tailings, reducing environmental impacts. The associated costs of such an operation are much lower than at a conventional mine, Rodriguez explained. “When you look at an economic evaluation, if you have $130 per tonne for net smelter return, you will have $40 to $50 mining costs in dollars per tonne. In this case, you have $1 or $2 [because] the mining has already been done.” But he noted that recoveries are also low, since Quiulacocha isn’t a primary ore site. The company is working to increase recoveries through ongoing metallurgical testing that will be part of the PFS. And while mining the tailings looks straightforward on paper, with manageable costs, the scale of the cleanup task given to Pasco by the Peruvian government is large, Rodriguez said. “Shareholders and the market are really looking forward [to developing] this,” he said. “It’s been such a long time and it took so many years and challenges. And in August, we finally got a permit, and so that was really game changing.”

Ethereum exchange-traded funds are in a profound moment. They’ve pulled in fresh capital for seven straight weeks, with nearly $300 million added to Ethereum ETF in the last week. That brings the total to around $1.5 billion in under two months. It’s the longest run of inflows Ethereum ETFs have seen since 2020, and the momentum doesn’t seem to be slowing down. Much of the recent Ethereum ETF inflows is coming from Europe, where crypto regulations are more clearly defined. What’s Driving All This Money? Let’s break it down. First, stablecoins are gaining mainstream traction. Big names like Visa and Stripe are now playing with tokenized dollar payments. That kind of adoption pushes Ethereum into the spotlight, since most stablecoins live on the Ethereum network. Then there’s staking. ETF giants like Invesco and Galaxy have filed to allow staking rewards inside spot Ethereum ETFs. The SEC hasn’t fully greenlit it yet, but a recent statement hinted that staking might not be considered security after all. That’s a big deal. Expect even more investors to pile in if these ETFs can earn passive income through staking. BlackRock and the U.S. Lead the Charge Most of the inflows are coming from U.S.-based spot Ethereum ETFs. BlackRock’s iShares Ethereum Trust (ETHA) leads the pack, pulling in nearly $281 million in one week. It has now seen positive inflows for 15 straight trading days. That’s a strong signal of confidence, especially with institutional money involved. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Wall Street Sees More Than Just Hype According to Bernstein analysts, institutions no longer consider Ethereum a speculative asset. They see its role in powering stablecoin transfers and network fees as a reason to hold it long-term. More activity on the network means more demand for ETH. That’s not just hype; that’s basic utility. EthereumPriceMarket CapETH$337.90B24h7d30d1yAll time Charts Are Heating Up Too ETH recently retested a key trendline after a few failed breakouts. At the same time, open interest in Ethereum futures has climbed to about $40.7 billion. Add in ETF inflows of $400 million over the past week, and you’ve got a recipe for a potential breakout toward the $3,000 mark. Still, some metrics remain lukewarm. Decentralized exchange activity is relatively quiet, meaning the average user isn’t back in full force yet. This rally is still driven mainly by institutions and ETF traders rather than grassroots adoption. DISCOVER: 20+ Next Crypto to Explode in 2025 Bitcoin Loses Steam as Ethereum Gains Fans While Ethereum ETFs are investing new money, Bitcoin funds are seeing the opposite. More than $600 million was pulled out of Bitcoin investment products last week. Some of that money will likely rotate into Ethereum, especially as ETH gains ground with narrative and utility. What to Watch in the Weeks Ahead All eyes are now on the SEC. If regulators officially approve staking for spot Ethereum ETFs, the floodgates might open even wider. Investors looking for income and upside could see ETH ETFs as a best-of-both-worlds play. At the same time, Ethereum’s developers keep building. The latest upgrade, called Pectra, improves scalability and performance. If network usage picks up, that strengthens the argument for ETH as financial infrastructure, not just a token. This Feels Like a Warm-Up Seven weeks of inflows tell us that Ethereum is winning back attention, not just from traders but from big institutions and asset managers. Between staking, network upgrades, and stablecoin adoption, ETH is shaping up to be more than a trade. It’s starting to look like a core piece of the next-generation financial system. The main event could be just around the corner if this is the pre-show. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ethereum ETFs have seen seven straight weeks of inflows, pulling in around $80 million and catching the attention of institutional investors. ETH’s rising momentum comes after ETF approval in the U.S., signaling growing legitimacy in traditional finance circles. Europe is leading the charge, with most Ethereum ETF inflows coming from markets with clearer crypto regulations. Ethereum’s utility across DeFi, NFTs, and stablecoins, along with its proof-of-stake model, makes it attractive to ESG-conscious investors. If inflows continue, ETH could gain ground on Bitcoin in investor portfolios as spot ETFs launch and regulatory clarity improves. The post Ethereum ETFs Keep Climbing: Seven Weeks of Inflows and Counting appeared first on 99Bitcoins.

Brian Quintenz is back in the spotlight. The former CFTC commissioner, now Trump’s pick to lead the agency again, has one thing that sets him apart from other candidates, a crypto-heavy resume. And that’s raising a few eyebrows in Washington. Supporters say Brian Quintenz understands blockchain tech and could help modernize the CFTC’s approach to digital assets. From Regulator to Crypto Insider (and Possibly Back Again) After leaving the CFTC in 2021, Quintenz didn’t just retire quietly. He jumped headfirst into crypto, joining Andreessen Horowitz’s crypto division (a16z) as its global head of policy. Not exactly a subtle move. Now, he’s been tapped to return to the CFTC, the very agency he once helped lead. His financial disclosure form is filled with crypto-related holdings. We’re talking millions in a16z-linked assets and board seats at crypto-adjacent firms like Kalshi and Next Level Derivatives. That’s a lot of skin in the game for someone who might soon be writing the rules again. Will He Step Back From It All? The obvious question is, can someone that close to the industry really be expected to regulate it fairly? Quintenz says yes. If confirmed, he’s promised to resign from his crypto roles, sell off related investments, and recuse himself from decisions tied to his former affiliations. He’s not the first person to move from industry to government, and probably won’t be the last. But the timing and volume of his crypto ties make this nomination particularly tricky. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What He Brings to the Table On the flip side, Quintenz is no rookie. He’s been in the trenches, pushing for more precise crypto regulation even before it was cool. He’s long argued that the CFTC should take on a stronger role in overseeing digital assets, especially with no clear securities angle. BitcoinPriceMarket CapBTC$2.18T24h7d30d1yAll time He’s also known for being fairly pragmatic. Instead of pushing flashy headlines, he tends to focus on workable policy. That’s won him support among crypto industry insiders, who see him as someone who “gets it.” DISCOVER: 20+ Next Crypto to Explode in 2025 Crypto Community Loves It, Critics Not So Much The crypto world is watching this one closely, and many are cheering. For them, Quintenz represents a regulator who actually understands blockchain tech and who might bring some sanity to the current patchwork of rules. But others see a big red flag. With many financial interests connected to the crypto space, even a well-intentioned regulator could face tough ethical landmines. And the perception of bias can be almost as damaging as the real thing. What Comes Next? The Senate still needs to weigh in. Hearings will cover his ethics promises, past crypto ties, and his vision for the CFTC’s future. If confirmed, Quintenz could shape how the U.S. handles crypto for years to come, possibly steering the CFTC toward a more central role in digital asset regulation. Why This Nomination Actually Matters This pick is more than just a personnel move. It’s a signal about where crypto oversight might be headed. Do lawmakers want someone who has hands-on experience with crypto? Or do they see that as getting too cozy with the industry? Either way, this could be a turning point. If Quintenz gets through the Senate, the CFTC may become the go-to agency for crypto. That could mean faster regulatory clarity, fewer turf wars with the SEC, and maybe, just maybe, smarter rules that actually reflect how crypto works in the real world. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Brian Quintenz, former CFTC commissioner and a16z crypto policy lead, has been nominated to return as head of the agency. His deep ties to the crypto industry, including investments and board seats, have raised conflict-of-interest concerns in Washington. If confirmed, Quintenz says he will sell off crypto-related assets, resign from current roles, and recuse himself from relevant decisions. Supporters see him as a practical policymaker who understands blockchain tech and has long pushed for CFTC leadership on crypto rules. His nomination could shape the future of crypto regulation, potentially making the CFTC a leading agency in digital asset oversight. The post Brian Quintenz Tapped for CFTC Return With Deep Crypto Ties appeared first on 99Bitcoins.