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Crypto analyst Crypto Bullet has raised the possibility of the Ethereum price surging by 38% soon. He alluded to the 50EMA as the only thing holding ETH from witnessing this price surge, but suggested that it could change soon with a breakout on the horizon. Ethereum Price Eyes 38% Jump To $3,500 In an X post, Crypto Bullet predicted that the Ethereum price could record a 38% surge to $3,500. This came following as he highlighted the ongoing battle between ETH and the 50EMA, noting that this indicator was the only thing holding the altcoin back from a parabolic surge. The analyst added that on average, a breakout results in a 38% pump, which puts Ethereum exactly at $3,500. As NewsBTC reported, Crypto Bullet also recently predicted that the Ethereum price could rally to $3,300 as a Morningstar Candle pattern formed. Back then, he noted that ETH was facing tough resistance at $2,500 but affirmed that the resistance would be broken in due time. He indicated that a breakout from that resistance will usher in the rally to $3,300. The Ethereum price has now broken above the $2,500 resistance, which provides a bullish outlook for the largest altcoin by market cap. Based on Crypto Bullet’s prediction, a rally to $3,300 may already be underway, which could then lead ETH to the $3,500 target. In a more recent X post, the crypto analyst commented on the recent break above $2,500. He stated that the Ethereum price is now trying to break the 200-day MA, which is between $3,000 and $3,300, for the fifth time. He indicated that a breakout above the range is likely to happen on this fifth attempt. His accompanying showed that ETH could rally to the $4,000 level if a successful breakout occurs. ETH About To Begin A New Bull Run Crypto analyst Trader Tardigrade predicted that another bull run is about to start for the Ethereum price. He noted that ETH’s daily candle closed above the resistance level at $2,650 yesterday and also opened above this resistance level today. The analyst added that ETH is now moving above it, which signals the start of a new bull run. His accompanying chart showed that the Ethereum price is breaking out of an ascending triangle, which could send the altcoin above the psychological $3,000 level. Crypto analyst Mikybull Crypto also declared that Ethereum’s breakout will be huge, with ETH still maintaining its current range between $2,400 and $2,600. At the time of writing, the Ethereum price is trading at around $2,670, up over 7% in the last 24 hours, according to data from CoinMarketCap.

“What is Chainlink Crypto” is trending again on Google because Chainlink’s CCIP has hit a milestone successfully linking Hong Kong’s e-HKD digital currency with Australia’s A$DC stablecoin. This test, part of the HKMA-driven Phase 2 e-HKD+ program, showcased possibilities of blockchain innovation and lured in high-profile collaborators like Visa, ANZ, and Fidelity International. The double standards for Chainlink are absurd. Any other altcoin would pump 50% on Visa even mentioning them yet Chainlink barely moves. A big run-up for $LINK could be coming. (X) What’s The Point of These Big News Stories If It Doesn’t Affect Price? The e-HKD+ program aims to uncover real-world use cases for Hong Kong’s CBDC by focusing on key areas like programmability, tokenization, and near real-time settlement of cross-border transactions. The recent trial targeted seamless exchanges between e-HKD and tokenized assets. The e-HKD itself is a prototype for a digital version of the Hong Kong dollar built on Ethereum’s ERC-20 standard, underscoring blockchain adoption in institutional finance. (LINKUSDT) Chainlink’s CCIP played a pivotal role by bridging Australian bank ANZ’s private blockchain (DASchain) with Ethereum’s testnet, Sepolia. By leveraging Chainlink’s infrastructure, the process ensured both the e-HKD and A$DC sides of the transaction were resolved almost instantaneously. Chainlink’s Price Surge and Bullish Momentum On the heels of this successful test, Chainlink’s LINK token rallied, gaining 7% in the last 24 hours and trading above $14. Traders are bullish, with technical indicators pointing toward further potential gains. Chainlink’s current support at $15.23 is holding steady, setting the stage for a potential climb higher. Resistance looms at $16.19, but a strong push could clear the way for an advance toward $18.81. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Implications for CBDCs and Stablecoins. What is Chainlink Crypto Chainlink’s CCIP is becoming a centerpiece in blockchain interoperability, providing the connective tissue between decentralized ledgers and legacy finance. With the e-HKD trial hitting all the right notes, Chainlink is positioning itself as a pivotal player in the digital currency ecosystem. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways “What is Chainlink Crypto” is trending again on Google because Chainlink’s CCIP has hit a milestone successfully linking Hong Kong’s e-HKD By leveraging Chainlink’s infrastructure, the process ensured both the e-HKD and A$DC sides of the transaction were resolved almost instantaneously. The post Chainlink Just Bridged e-HKD and A$DC: Here’s Why It Matters appeared first on 99Bitcoins.

Paris-based Blockchain Group, the Blockchain Treasury, announced a plan to raise $340 million on 9 June 2025. This follows its recent purchase of $68 million worth Bitcoin. As of June 2025, the company holds 1471 BTC – a significant position for a European entity – as it doubles down on its Bitcoin strategy in Europe. Notably, the planned $340 million capital raise could potentially add over 3100 BTC to the company’s treasury. Much like Michael Saylor and Strategy, the Blockchain group is positioning itself as Europe’s first dedicated Bitcoin treasury firm, having started its BTC acquisition program in November 2024. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Blockchain Group Adopted Bitcoin Strategy In November 2024 “TBG is focused on increasing BTC per fully diluted share over time,” the company revealed about its Bitcoin strategy. Furthermore, the company said that the launch of its BTC strategy is “supporting TBG’s recapitalization.” BitcoinPriceMarket CapBTC$2.18T24h7d30d1yAll time The company’s strategy is inspired by the at-the-market (ATM) programs. They are commonly used in the US, which allow for flexible and ongoing equity issuance. Through a partnership with asset manager TOBAM, Blockchain Group will enable daily subscription of its ordinary shares after market close. “TOBAM is an asset management company providing innovative investment solutions and is an investor in the Company (on behalf of the funds it manages or clients under discretionary mandates),” said the Blockchain Groups’ press release. “The Program allows TOBAM, on a daily basis, to subscribe to ordinary shares of the Company by submitting a subscription request after market close.” DISCOVER: Best New Cryptocurrencies to Invest in 2025 Key Takeaways Blockchain Group’s bold move to raise $340 million for further Bitcoin purchases highlights the growing institutionalization of crypto in Europe. Blockchain Group’s announcement comes amid a steady rise in crypto adoption across Europe. A recent study revealed that only 40% of European financial institutions currently have, or have had, investments in any type of cryptocurrency, indicating significant room for growth. The post Europe’s First Bitcoin Treasury Company Raises $340M After $68M BTC Buy appeared first on 99Bitcoins.

Ripple, the blockchain-based payment protocol company, has earmarked an additional $5 million in investments to bolster blockchain education and research across the Asia Pacific region (APAC). In an announcement made on 10 June 2025, it committed to expanding its University Blockchain Research Initiative (UBRI) in the APAC region through the allocated funds. The additional $5 million will be used to further academic research and student-led innovations across six countries. The APAC region is home to some of the fastest-growing fintech markets. By renewing ties with South Korea, Japan, and Singapore and forging fresh alliances with Taiwan and Australia, Ripple aims to strengthen its position in the region, with total investments amounting to $11 million since UBRI’s launch. Explore: Top 20 Crypto to Buy in June 2025 Technicalities of the UBRI Funding Scheme UBRI has assured $1.1 million to Yonsei University (YU) in South Korea, 1.5 million to Kyoto University (KyotoU) in Japan, and in Singapore, the total funding has crossed $3 million between Nanyang Technological University (NTU) and the National University of Singapore (NUS). While the NTU will focus on developing an autonomous AI agent network on Ripple’s XRP ledger (XRPL), the company has renewed ties with the NUS after its past UBRI funding helped create the first university-based DAO (decentralised autonomous organisation) in Asia. Professor Yang Liu of the College of Computing and Data Science at NTU said, “With our current grant, we are developing an autonomous AI agent network on the XRP Ledger to create a transparent, modular, accessible, and collaborative AI platform harnessing blockchain technology. We believe this innovation will be pivotal in shaping the future of AI.” Furthermore, the company has partnered with the National Kaohsiung University of Science and Technology (NKUST) in Taiwan to research asset tokenisation on XRPL, Ethereum, and Solana networks. “NKUST is excited about this new chapter, partnering with Ripple’s University Blockchain Research Initiative to explore the potential of Real-World Asset (RWA) tokenisation on the XRP Ledger,” said Echo Huang, a professor at NKUST. Australia’s Victoria University (VU), in partnership with UBRI, will focus on developing a blockchain-based curriculum, meanwhile, the Australian National University (ANU) will continue its research into blockchain law and smart contract platforms such as Evernode. Ripple’s total allocation across Australian universities stands at $1.3 million. Explore: Best New Cryptocurrencies to Invest in 2025 UBRI Research Highlights Across APAC and Major Ripple Initiatives Other Ripple UBRI-funded research in the APAC region includes research into blockchain sharding, layer 2 integration, and NFT privacy using zk-SNARKs (Succinct Non-interactive Argument of Knowledge) at Korea University (KU), conducted by professors Ik Rae Jong and Dong Hoon Lee. Additionally, Professor Hyunok Oh from Hanyang University (HYU) in Korea is working on zk-SNARK optimisation for blockchain privacy and scalability. Ripple will host its 7th annual UBRI Connect as a part of XRP Ledger Apex 2025, with a pre-summit at NUS in Singapore. The event will bring together experts from 60 institutions across 28 countries for academic panels, workshops, and research discussions. The company has previously committed $25 million in RLUSD, Ripple’s homegrown stablecoin, to nonprofit organisations in the US to provide better resources for American teachers. Ripple also intends to improve crypto-related education in the US and has launched the National Cryptocurrency Organisation, a non-profit, as a part of this initiative. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Key Takeaways Ripple has committed an additional $5 million in investments to bolster blockchain education and research across the APAC region Ripple has invested more than $11m in the APAC region since UBRI’s launch Ties with South Korea, Japan, and Singapore have been renewed while fresh alliances have been formed with Taiwan and Australia The post Ripple Puts Up Additional $5M for Student-Led Innovations in Asia Pacific appeared first on 99Bitcoins.

“You Get What You Pay For” — The Hidden Cost Behind Prop Firm Discounts Why Prop Trading Firms Resort to Discounts to Attract Business I still remember my time living in the Far East, where bargaining was part of everyday life. Whether at a local market or a boutique shop, paying full price was almost unheard of — you always asked for a discount. Fast forward to today, and the same mindset has evolved globally, largely thanks to the internet. We now expect coupons, promo codes, and discounts when shopping online, whether we’re buying clothes, electronics, or even booking a hotel. But there’s one space where discounts have become surprisingly common, proprietary (prop) trading firms. Let’s explore why prop trading firms offer discounts and what these promotions reveal about their business model. Prop Trading Discounts: A Common Strategy In the prop trading world, discounts are everywhere. Whether you’re browsing Twitter, Telegram, or a prop firm’s own website, you’ll almost always see a promotion: • 10% off your first challenge • 20% off holiday promotions • Black Friday sales with up to 50–90% off On the surface, this may feel like any other e-commerce deal. But buying a prop trading challenge is not like buying an item on the Amazon and here’s why. When you buy something on Amazon, you usually have free returns or refunds if things go wrong. With a prop trading challenge, once you pay and fail the challenge, there are no refunds, you have to pay again if you want another shot. . In fact, prop firms count on traders failing. The business model relies on collecting fees from challenge attempts, knowing that only a fraction of traders will pass and qualify for a funded account. Three Strikes and You’re Out: The Business Model In American baseball, a strikeout occurs a batter when swings or misses three times or the ball goes the plate for a strike when he doesn’t swing. That is why we say three strikes and you are out. Several years ago I had a conversation with a contact at a forex broker. He shared an interesting insight: “Most clients who fund an account will replenish funds two more times before giving up. Three tries, then they’re done.” Using similar logic, prop trading firms expect that most traders will try to pass a challenge at least three times before either succeeding or walking away. The firm uses the revenue from failed attempts to finance its operations, pay out funded traders, and remain profitable. What Do Discounts Reveal About a Prop Firm? Not all discounts are created equal. In my experience observing the market, I’ve seen discounts range from as low as 10-20,% to 40-50% and as high 80-90%, which should tell you a lot about a prop firm: • Smaller discounts (10–20%): These firms are offering mild incentives without appearing desperate. It’s often a sign that they have a healthy customer base and are confident in their value proposition. • Large discounts (50% or more): This may be a red flag. A firm aggressively slashing prices might be struggling to attract clients and may be relying heavily on repeat failures to sustain its revenue. • Another reason may be that they are counting on a trader failing a challenge or even if passing, failing with a funded account. Taken at face value, the larger the discount, the more anxious the prop firm may be to secure your business and confident that following its rules you will fail. This should be a warning sign that makes you cautious before signing up. When I studied economics in college, I recall a phrase, “caveat emptor,” which means “let the buyer beware.” This phrase applies to prop firms offers as well, especially those with ootsized discounts. How to Choose the Right Prop Trading Firm I have no axe to grind with the prop firm industry. It has a place as long as you go into it with your eyes wide open as there is a limited downside risk (i.e. the cost of a challenge) with a large upside potential (even with the odds stacked against you). It is hard enough to pass a challenge that you should not have t worry about getting a payout if you are able to get a funded account and trade profitably within the prop firm However, before you jump into a heavily discounted challenge, here are some tips to protect yourself: • Do your due diligence: Research the firm’s reputation, terms, and conditions. • Check their partnerships:. Look for firms “powered by” reputable brokers • Check out reviews: Read reviews and not on sites promoting a prop firm • Understand payout policies: Ensure you know how profits are shared and when withdrawals are allowed. • Use the discount factor as a filter: An excessive discount can be a red flag, not just a great deal. Cheaper Isn’t Always Better At the end of the day, it’s smart to compare offers and look for discounts but remember, in prop trading as in retail, cheaper isn’t always better. I may be dating myself but there used to a television commercial for coffee that said, “In the words of John J. Arbuckle, ‘You get what you pay for.” Passing a prop trading challenge is hard enough without adding the risk of working with a questionable firm. Choose wisely, read the fine print, and don’t be lured solely by price cuts. Your success as a trader depends not just on your skills, but trading with a firm that gives you sa reasonable” chance of success in a business where prop firm rules tilt the playing field in their favor. . To get all the insights and protect yourself, Join our GTA – Global Traders Association – for FREE Clik HERE to Join Use your membership in GTA to get a Discount of up to 50% on AT – The Amazing Trader – Algo Charting & Trading Softwear – Click HERE for a FREE Trial

Bitcoin’s price shook off last week’s dip and climbed sharply on Tuesday morning in Asia, topping $110,000 briefly before settling around $109,450. Traders rushed back in after the asset dipped close to $100,000, feeding a sharp rebound that leaves Bitcoin just 2.8% shy of its record high. A blend of forced liquidations, surging derivatives volume, easing US–China trade tensions and steady on-chain withdrawals is driving the move. Heavy Liquidations Shift The Balance According to Coinglass, nearly $203 million in Bitcoin positions were wiped out over the past 24 hours. Of that, $195 million were against shorts. When so many short bets unwind at once, it forces buyers to cover positions, which can send prices spiking. Yet history shows these “short squeezes” can reverse quickly when traders take profits. Based on reports, Bitcoin’s derivatives volume more than doubled, climbing over 110% to $110 billion. Open interest then followed suit, expanding 7.3% to almost $77 billion. These kinds of inflows indicate that new money is accumulating. Both open interest and volume rising tends to indicate enthusiasm—and a willingness to carry through positions with swings. Trade Diplomacy Lifts Risk Assets Talks resumed in London on June 9 between the US and China over tariffs and export rules. Even a hint of progress tends to boost appetite for riskier assets, and Bitcoin isn’t immune. Headlines of smoother trade ties lifted equities earlier this week—and crypto traders moved in tandem. If negotiations hit a snag, though, Bitcoin could slide with global markets. On-Chain Data Shows Steady Accumulation CryptoQuant’s numbers reveal that centralized exchanges have shed 550,000 BTC since July 2024, falling from 1.55 million to about 1.01 million today. As coins leave exchanges, float tightens. At the same time, the Coinbase Premium indicator rose, with US buyers paying more than overseas investors. Santiment also reports renewed accumulation among wallets holding 10–100 BTC. This pattern hints at long-term holding rather than quick trades. Correlation And Caution Remain When you consider the rally, Bitcoin still dances on the tunes of equity price swings. Futures have mixed bets between bulls and bears, showing portrait-wise signs that certainly not everybody is convinced this run is going to hold. High volatility would tend to wash out weak hands at the slightest hint of trouble, any reversal of risk sentiment, or a sudden macro shock would cost the rally dearly. Optimism is building as analysts talk of fresh all-time highs. Some even eye $150,000 by the end of the year if US debt levels climb further. But sustaining a rally of that magnitude will require more than forced liquidations. Traders will watch derivatives flows, on-chain reserves and trade headlines for signs of real, lasting demand before pushing prices much higher. Featured image from Imagen, chart from TradingView

Could this be the year that Northern Dynasty Minerals’ (TSX: NDM, NYSE: NAK) controversial Pebble polymetallic project in southwest Alaska finally makes strides? Northern Dynasty – together with the state of Alaska and six Native villages – is awaiting news on its legal bid to overturn a 2023 United States Environmental Protection Agency veto against Pebble. A decision in the matter is expected in 2025, and CEO Ron Thiessen is optimistic that the mine could open by the end of 2032 if the courts rule favourably. At stake is a multi-billion-dollar investment to develop what is considered the world’s largest untapped copper deposit. Besides significant amounts of gold, molybdenum, and silver, Pebble also contains a substantial rhenium resource, a mineral critical for military applications. And while the project – which lies near Bristol Bay, home to the world’s largest sockeye salmon fisheries – has faced strong opposition for decades due to its potential environmental impact, Thiessen says President Trump’s push to hike critical mineral production may just be what Pebble needed. Veto removal tailwind “There’s a good chance that the veto can get removed in the near term, maybe sometime this summer,” Thiessen told The Northern Miner in an interview in May. “Thankfully, we have an administration that doesn’t really like vetoes and wants to see resource development.” The veto’s removal would set the stage for the US Army Corps of Engineers, which has its own approvals process, to revisit its refusal. The corps had said the EPA veto blocked its path. “If the Army Corps of Engineers can do the remand order, I think there’s a realistic possibility a permit could be issued under the remand order next year,” Thiessen said. That would push Northern Dynasty to start work on a feasibility study, which Thiessen estimates would take two years. If construction of the access infrastructure started in 2027, “you’d get through that by the end of 2028 and then you’d have four years of construction – so something like 2032” for the mine to open, he said. Long road Not everyone shares that view. Longtime mining analyst John Tumazos, for one, says Thiessen is too optimistic. “The project is going to happen but it’s going to take time,” Tumazos, head of New Jersey-based Very Independent Research, said in an interview. Building Pebble “is going to be a process with multiple phases that are each going to take multiple years,” he added. Thiessen “isn’t going to be the one that builds the mine. This is going to take 10 or 20 years.” Although Tumazos expects the US Supreme Court to eventually hear Northern Dynasty’s challenge of the EPA veto and to rule in the company’s favour, allowing it to apply for an environmental permit, “I would be surprised if it got permitted in as little as three years even with the support of the Trump administration and the Army Corps of Engineers,” he said. Bringing in an outside investor to help build the mine – as Northern Dynasty wants to do – would also extend the timeline. Any major miner that looked at Pebble would probably perform its own detailed engineering work, Tumazos said. Activists dug in What’s more, organizations that oppose Pebble would still have the legal right to file suits in federal courts. This would create additional delays and conceivably make potential investors hesitant, according to Tumazos. Conservation groups aren’t giving up the fight. Organizations such as the Center for Biological Diversity, the Friends of the Earth and the Natural Resources Defense Council – along with the United Tribes of Bristol Bay and commercial fishermen – last year filed to intervene in support of the EPA’s action, arguing that the mine would “irreversibly damage” Bristol Bay and its ecosystem. “Pebble Mine continues to be an appalling idea that would devastate the Bristol Bay watershed,” Marlee Goska, Alaska attorney at the Center for Biological Diversity, told The Northern Miner via e-mail. “The mine would sacrifice the greatest sockeye salmon run in the world, as well as important habitat for brown bears and endangered Iliamna Lake seals. The federal government was right to put a stop to Pebble, and we’ll fight hard if it’s dragged back to life as part of Trump’s reckless and damaging push to fast-track mining.” Including direct and indirect expenses, Northern Dynasty pegs the cost of building Pebble at $6.77 billion. It’s “most likely” that infrastructure including an access road and a power plant would be paid for by partners such as utilities in return for tolls or lease payments, the company says. Copper mother lode Despite the massive price tag, Thiessen says copper’s demand prospects justify the project. “It’s the copper that will put the mine into production,” he says. Pebble holds measured and indicated resources of 6.5 billion tonnes grading 0.4% copper, 0.34 gram per tonne gold, 240 parts per million molybdenum, and 1.7 grams silver, according to the 2023 preliminary economic assessment. This equates to 57 billion lb. copper, 71 million oz. gold, 3.4 billion lb. molybdenum, and 345 million oz. silver. Inferred resources add 4.5 billion tonnes at 0.25% copper, 0.25 gram gold, 226 ppm molybdenum and 1.2 grams silver, containing 25 billion lb. copper, 36 million oz. gold, 2.2 billion lb. molybdenum, and 170 million oz. Silver. The mine would produce 6.4 billion lb. of copper, 7.4 million oz. of gold, 300 million lb. of molybdenum, 37 million oz. of silver and 200,000 kg of rhenium over 20 years, according to the study. Fueled by trends such as urbanization and artificial intelligence, copper demand is facing a 70% increase by the middle of the century, BHP (ASX: BHP) CEO Mike Henry said in March. To reach global climate objectives by 2050, the world would need a major copper project to be discovered and put in production every year between now and 2035, according to S&P Global. ”We’re starting to come into a period where every year, there’s going to be a copper deficit,” Thiessen said. “Where is the West going to get its copper?” Pebble has been on Thiessen’s – and the industry’s – radar for decades. Cominco, then an independent company, discovered the deposit in 1987. After making an initial approach in 1994, Thiessen finally bought the property from Teck Cominco for $14 million in 2002. Since then, Thiessen has held talks with at least four miners – BHP, Rio Tinto (ASX, LSE: RIO), Anglo American (LSE: AAL) and First Quantum Minerals (TSX: FM) – about investing in the project. Although some of the approaches resulted in preliminary agreements, none yielded a permanent deal. Managing salmon impacts Despite widespread concerns that open-pit mining operations at Pebble would threaten the region’s sockeye salmon fishery, Thiessen is unmoved. He points to Northern Dynasty’s final economic impact study, which showed no measurable impact on fisheries or critical fish habitat. “I would be deterred if there was a big lake that we would have to destroy and not allow salmon to spawn. That would be a deal killer – but there’s no deal killer here,” he says. “It’s my intention to have a mine built that will not have catastrophic tailings failures and will not harm the fisheries.” As a mining veteran, Thiessen is only too aware that deposits like Pebble don’t come around every day. “If I gave up on Pebble, I’d look for another Pebble somewhere else – but I know that the chance of me discovering another one in two or three lifetimes would be remote,” he says. “This is an extremely unique deposit.”

Indonesia has revoked four out of five nickel mining permits in Raja Ampat, one of the country’s most prized diving and snorkelling destinations, following mounting environmental concerns and pressure from local communities. The decision, announced Tuesday by Energy and Mineral Resources Minister Bahlil Lahadalia after a Cabinet meeting, immediately halts operations by PT Anugerah Surya Pratama, PT Nurham, PT Kawei Sejahtera Mining, and PT Mulia Raymond Perkasa. According to Lahadalia, three of the companies had held permits since 2013, while PT Nurham had received approval this year but had not yet begun production. Only PT Gag Nikel will continue operating in the region. Its mine on Gag Island lies about 42 km west of Piyanemo, one of Raja Ampat’s most popular marine tourism spots. Gag Nikel, which holds a 130-square-km concession, produced around 3 million tonnes of nickel in 2024 and is expected to maintain that output through 2026. Despite being spared from the sweeping revocations, Gag Nikel was temporarily ordered to pause activities last week amid protests over mining in the ecologically sensitive region. It remains unclear whether that suspension has been lifted. The clampdown follows a January report by Climate Rights International, which alleged the Indonesian government was allowing environmental degradation and human rights violations by nickel miners, particularly in the eastern Maluku Islands. Raja Ampat, an archipelagic regency in Southwest Papua province, spans nearly 20,000 square km and is home some of the planet’s richest marine biodiversity, including 75% of the world’s coral species and more than 1,600 species of fish. It is a designated UNESCO Global Geopark and includes marine protected zones overseen by the Ministry of Marine Affairs and Fisheries. Indonesia has rapidly expanded its nickel sector to support the global electric vehicle boom, growing from just two smelters a decade ago to 27 today, according to S&P Global Commodity Insights. The country has another 22 smelters in the pipeline. Indonesia now supplies well over half of the world’s nickel output, making it a key player in the battery supply chain.

Gold prices remain high amidst US-China trade talks, indicating market uncertaintyTechnical analysis shows gold breaking a bear flag, suggesting a potential rally to $3400/oz.Short-term, a break above 3333.60 on the two-hour chart could further fuel the upward momentum.Read More: Markets Today: Asian Stocks Mixed, UK Unemployment Rises to 4.6%, FTSE 100 Eyes ATH Gold prices continue to hold the high ground as a host of commodities benefit from US-China talks which have entered their second day in the UK. Markets appear cautiously optimistic regarding the talks and this appears to have stemmed the flow toward haven assets. However, the fact that Gold continues to inch higher suggests that there remains concerns in some quarters. A brief US Dollar rally yesterday led to a brief pullback before Gold continued its grind higher. close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Support 3333.5833003275Resistance 335033753400Follow 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.

ETH USD is in the headlines again! Traders on X are also posting their charts, announcing their positions and discussing what the future might hold. Besides the massive net inflows on the ETH ETFs, totalling nearly $1bn, the stable coin supply on Ethereum increased by a $150 million overnight. Many indicators are looking bullish, and the question is: Will the market sustain the momentum it built since April? Yes, we have been in an uptrend for two months already! Please visit my last article from 26th of May for extra context as you read this one. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 ETH USD Price Movement Analysis: Is Ether About to Go Parabolic? (ETHUSD) Skyview time – 1W timeframe. The price history back to 2021, shows that Ethereum still has not printed a new ATH. Remember when Bitcoin did that? It was last year, March 2024! A break above the 2021 top has been a long time coming, and we might witness it in the next few months. The last bit of this chart is the drop below $2500 (also MA200), a test of 2023 support, and a V-Shape recovery above MA200. V-Shape recoveries are most often signs of large demand. The last drop also marks the RSI bottom, last seen in May 2022. (ETHUSD) The next chart for this analysis is on the Daily timeframe. After bouncing off the 2023 support, ETH reclaimed the bullish side of RSI indicator. It also broke the bearish Market Structure and moved straight up to MA200, where it has stayed for about a month. Successfully reclaiming MA50 and MA100. Accumulating, ready for another push, now that RSI has been reset. It needs to break that MA200 level now! DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now (ETHUSD) Lastly, we will stop at a lower timeframe—4H. It is the timeframe that I personally use for multi-day swing trading since it cancels out a lot of the noise. And price respects the Moving Averages a lot of the time. We see it doing just that, the last few days, retesting MA200. This is proving to be a grand entry, as price is making a new move up while I finish this article. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Update ETH USD Knock-Knock-Knocking On Alt Season's Door Market structure remains bullish RSI reset on 1D timeframe Currently breaking above MA200 on 1D Needs to break and close above MA200 on 1D for alt season. The post ETH USD Knock-Knock-Knocking On Alt Season’s Door appeared first on 99Bitcoins.

XRP changed hands at roughly $2.30 in early European trading on Tuesday, extending a two-day bounce that has pulled the token back toward the upper half of the seven-month range that has confined it between about $2.00 and $2.80 since December. Analyst Quantum Ascend argues that this compression phase is now approaching a technical fulcrum that will determine whether the next move is an impulsive wave-three surge or one final wave-two washout. XRP Tightens Into Decision Zone In a video posted on 9 June, the trader noted that “we’ve been in this range… since early December… between like $2.80 and $2.00 just bouncing the whole time,” before zooming out to show what he calls the only Elliott-wave count that “makes sense”: a completed five-wave advance from last year’s lows followed by a five-wave corrective pull-back. “Right now we’re looking at a one-two-three-four-five on the way down… that’s the macro two… and now we’re waiting on three-four-five,” he said, adding that XRP still represents about 12.5% of his portfolio despite his tactical rotation into “alts with more gas left.” Quantum Ascend’s Fibonacci mapping reveals that the token has already retraced slightly more than 50% of its preceding leg higher—a textbook depth for a second-wave correction—and that the sell-off bottomed in the price region that coincided with the fourth wave of the prior move. “Makes sense, perfect spot for us to bounce,” he told viewers after plotting the swing low against the 0.5 Fib level. Whether that bounce blossoms into a sustained breakout, he stressed, ultimately hinges on the market leader: “I think Bitcoin’s gonna make the decision for us,” he said, pointing out that XRP’s fate remains tightly coupled to any directional conviction in BTC. Bitcoin’s own advance toward key retracement resistance could, in his view, drag major altcoins—including XRP—into their respective inflection zones. The analyst now fixes on the 0.618–0.786 Fib band, which corresponds to $2.42–$2.52, as the “decision zone.” “There’s gonna be an area that we gotta be careful of… statistically it’s the area we’re most probable to roll over… between $2.42 and $2.52,” he warned, outlining the risk that XRP forms an A-B-C zig-zag and revisits lower supports before the larger impulsive leg begins. A rejection there would map onto the classical script of a complex second wave that fakes out early longs one final time before relinquishing control to bulls. Macro currents may soon add fuel. XRP’s next potential volatility catalyst is the US Securities and Exchange Commission’s 17 June deadline on Franklin Templeton’s spot-XRP exchange-traded fund proposal—a ruling some desks see as the token’s analogue to January’s Bitcoin ETF moment. While ETF speculation has helped price reclaim higher ground this month, XRP remains almost a dollar below its January all-time high of $3.40, leaving the $2.42–$2.52 pocket as the most technically significant hurdle in the short term. For now, traders will watch whether the current advance can print a daily close inside—or better, above—that corridor. A clean break would validate Quantum Ascend’s wave-three thesis and open the charts to measured moves targeting the mid-$3s. Failure, by contrast, risks a final capitulation toward the lower-$2 region before the larger bull structure can re-assert itself. Whatever the outcome, the analyst remains sanguine: “Whether it rolls over here one more time and we have to be patient or it just goes—that’s okay, because either way the end result is going to be the same.” At press time, XRP traded at $2.28.

Trading at ~$36.72 per troy ounce, silver currently trades at levels last seen in early 2012. Up by over 9% in last week’s trading, global monetary policy expectations, a strong demand outlook, and continued safe-haven demand continue to benefit bullion pricing. close A chart showing the recent price action of XAGUSD. OANDA,TradingView, 10/06/2025 A chart showing the recent price action of XAGUSD. OANDA,TradingView, 10/06/2025 For the first time since October 2024, the 14-day RSI rates current silver price action as ‘overbought’, suggesting a short-term retracement is likely before further upside can be achievedAll major moving averages, including the 10, 21, and 50-day, currently show a bullish directional bias, suggesting price is trending upwards in both the short and long termIf price can stabilise and stage a move higher, bulls will first look to break $37, with some resistance expected around ~$37.10 Read more on precious metals: Gold (XAU/USD) Holds High Ground as US-China Talks Ramble On 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.

BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines by amassing a staggering $70 billion in total assets, achieving this milestone faster than any other exchange-traded fund (ETF) in history. This remarkable feat occurred just 341 days after its launch, according to Bloomberg analyst Eric Balchunas, who noted that IBIT reached this figure five times quicker than the previous record holder, State Street’s GLD gold ETF, which took nearly 1,700 days. BlackRock’s IBIT Outshines Competitors As the most popular of the twelve Bitcoin ETFs currently available, IBIT stands out significantly in the market. Following closely behind are Fidelity’s FBTC and Grayscale’s GBTC, both of which have around $20 billion in assets. The launch of IBIT and ten other Bitcoin ETFs at the start of last year by the world’s largest asset managers marked a significant shift in the investment landscape, fueled by long-awaited regulatory approval from the Securities and Exchange Commission (SEC). The debut of these funds highlighted a robust demand from investors eager to capitalize on Bitcoin’s price fluctuations. IBIT alone accumulated over $1 billion in assets within just four days of its market introduction. By November, IBIT had surpassed the total assets of BlackRock’s gold fund, solidifying its position as the largest among the 1,400 funds managed by the asset manager worldwide. Bitcoin ETF Market Thrives The momentum didn’t stop there; in December, IBIT became the fastest exchange-traded fund to hit $50 billion in assets, achieving this milestone five times quicker than BlackRock’s iShares Core MSCI EAFE ETF, which took nearly four years to reach the same level. “IBIT’s growth is unprecedented,” remarked Bloomberg ETF expert James Seyffart in an interview with Fortune Magazine on Monday. “It’s the fastest ETF to reach most milestones, outpacing any other ETF across all asset classes.” The surge in Bitcoin ETFs has coincided with significant increases in the cryptocurrency’s price. For instance, as Bitcoin reached an all-time high of $111,900 in late May, the cumulative net assets across all twelve Bitcoin ETFs surpassed $134 billion, reflecting the growing interest and investment in this digital asset class. Since reaching its record high, the market’s leading cryptocurrency has retraced, with the most important support line at $100,000 being tested on June 5. Nevertheless, Bitcoin has once again regained its bullish momentum, jumping past the $108,400 mark on Monday. With gains of 2% and 4% on the 24-hour and weekly time frames, respectively, the price of BTC is now only 2.7% below the record price level. This puts the cryptocurrency on the verge of a new price discovery phase after the normal pullback seen last week. Featured image from DALL-E, chart from TradingView.com

Shares in Hochschild Mining (LON: HOC) fell nearly 22% on Tuesday, their steepest drop since November 2021, after it announced a six-week halt of processing operations at its Mara Rosa gold mine in Brazil due to heavy seasonal rainfall. The South America-focused precious metals miner is suspending activities at the mine’s processing plant carry out maintenance and repair work on the tailings filtering system, which has been affected by rain and contractor-related issues. Mining operations will continue during the shutdown, Hochschild noted. Mara Rosa, which began commercial production in early 2024, yielded just over 25,000 ounces of gold between January and May, well short of pace to meet its guidance of 94,000 to 104,000 ounces of gold this year. That forecast will now be “significantly reduced,” the company said, adding the production shortfall will impact operational costs. Chief executive Eduardo Landin will oversee a full review of mining, processing, and waste management activities at the site in an effort to identify bottlenecks and stabilise output. Berenberg analysts, who had previously expressed caution about the mine’s first wet season, now expect production to fall to about 74,000 ounces, roughly 20% below the original target. They estimate the downgrade will hit group earnings per share by about 10%. “The challenges at Mara Rosa have gone beyond weather-related delays and now include serious issues with the tailings filtering process,” Berenberg noted. “It remains to be seen how effectively operations can be steered back onto the right track in the near term.” By early afternoon in London, Hochschild shares were still trading down at 234p, valuing the company at £1.22 billion ($1.7 billion). Mara Rosa, located in Goiás state, is Hochschild’s first operation in Brazil, where it is expanding its footprint. Last year, the miner acquired the Monte Do Carmo project for $60 million. Other than in Brazil, Hochschild has mines in Peru and Argentina and is advancing development projects in Chile and Peru.

Layer3 is among the top performers, up 16% as bulls of early June 2025 flow back. As the attention economy booms, will L3 be among the best cryptos to buy? Crypto prices are surging. As Ethereum and Bitcoin approach critical resistance levels, savvy investors are searching for the next 1000X crypto projects. In this race, Layer3 has caught investors’ attention with impressive gains over the past 24 hours. Data from Coingecko shows that L3, the native token of the attention platform, is up 30% in 24 hours, aligning with the sharp gains seen in early June 2025. Despite having a lower market cap than some of the best cryptos to buy, Layer3 is making moves. Explore: The 12+ Hottest Crypto Presales to Buy Right Now What is Layer3? The Layer3 team is building an interactive crypto learning and engagement platform. At its core, the platform combines gamification, on-chain credentials, and a lucrative rewards economy. The objective is to create a global liquid market for attention, where users who engage by clicking, completing tasks, and contributing to a supported dApp’s growth are rewarded. Specifically, users participate in quests, which are interactive challenges across various dApps. Upon completing these quests, they earn CUBEs. These NFT credentials verify their activity across multiple chains, including Solana, Polygon, Base, and Arbitrum. Since its launch, over 20 million CUBEs have been minted from more than 120 million completed quests. By the end of May 2025, Layer3 CUBEs were trending on Arbitrum. Users who deposit SOL on Fragmetric receive fragSOL, a liquid token usable in DeFi activities like lending or trading. DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales Layer3 L3 Soaring, Riding The Attention Economy Boom L3 token spikes 16%, bounces after dip Layer3 demand due to its interactive platform rewarding users CUBE NFTs are trending on multiple chains, especially Arbitrum Layer3 partnering with more dapps, boosting their discovery and user onboarding efforts 2025 The post Layer3 L3 Crypto Leads Gains, Up 30% as Attention Economy Booms appeared first on 99Bitcoins.

The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about what the next step could be from here. Can Bitcoin still rally, or is this the end of a rather short and underwhelming bull market? Bitcoin Price Still Has A Long Way To Go Crypto analyst Doctor Profit has been a vocal voice when it comes to the bullishness of the Bitcoin price. He has continued to call for higher prices even at a time when the wider community is expecting the cryptocurrency to keep falling from here. In fact, the crypto analyst believes that the leading crypto could see its price double from here, despite already hitting multiple new all-time highs. In a post on X, Doctor Profit explained the reasoning behind this and why he believes that the Bitcoin price still has room to run. The first thing he pointed to was the fact that a rare Golden Cross had appeared on the Bitcoin price chart. This happened three weeks ago, and back then, the analyst called out the chart formation, explaining that this meant that the bull run was not over. This is because every time Bitcoin had flashed a Golden Cross in the past, it had been the start of another massive run. Just like now, it is first followed by a 10% decline in price, which was achieved when Bitcoin fell from $111,900 to $100,000. Now that the first part of the trend seems to have been fulfilled, expectations are that the other parts will play out similarly. In addition to this, he explains that Bitcoin has also formed its diagonal resistance, which it is now looking to break out from. A successful break would put it back above $108,000 as it gears up for the next leg-up. Macro Factors That Support The Thesis Not only does the chart technicals show this possible recovery, but the upcoming Consumer Price Index (CPI) data, expected to be released on Wednesday, plays into this as well. Doctor Profit explains that Wall Street is already expecting the CPI to come in at 2.5%, a rather high number. Instead, he believes that the CPI will come in lower, putting it between 2.1% and 2.3%. A lower figure would mean that there is a slowdown in inflation, allowing room for more risk-taking and pushing markets such as stocks and crypto higher. Also, there is the matter of the negative funding rate, which suggests that there are more shorters in the market right now, expecting the price to tank. Data from Coinglass shows the Bitcoin funding rate has dropped to one of the lowest levels this year, and the analyst says this is a sign of a healthy market. “Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end,” Doctor Profit said. “The golden cross is promising us between 70-170% in gains in the coming months!”

South Korea’s newly elected President, Lee Jae-myung, has proposed the Digital Asset Basic Act. The crypto bill allows local companies to issue stablecoins. Lee – known as a progressive leader who defeated a conservative opponent – is moving quickly to deliver on promises made during his election campaigns. Lee also advocated for legalising spot crypto exchange-traded funds (ETFs). Notably, when it comes to crypto, both presidential candidates, liberal Lee and conservative Kim Moon-soo, had gone full pro-crypto with their election policies. “Today, I would like to present a significant turning point for the future of digital finance in the Republic of Korea and to represent the basic law on digital assets,” said lawmaker Min Byeong-deok, introducing the bill, in a 10 June 2025 press conference. “Digital assets are no longer an experimental means,” he said. “Blockchain and artificial intelligence technology are already a key link between the global capital market and the established real economy infrastructure.” Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 South Korea’s Increased Retail Crypto Participation South Korea’s increased retail crypto participation, along with its experience in the past with crypto frauds, hastened new regulations through which the country intends to ensure greater transparency, security, and trust in the cryptocurrency ecosystem. Strict regulations (Virtual Asset User Protection Act) were brought into focus in July 2024. They imposed strict requirements on crypto exchanges that included potential life sentences for criminal violations. South Korea’s Financial Services Commission, on 20 May 2025, established new regulations for non-profit crypto transactions and tightened listing criteria for exchanges. Furthermore, the South Korean Democratic Party kick-started a Digital Asset Committee to develop crypto policies and promote industry growth. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways South Korea’s Digital Asset Basic Act will allow local companies to issue stablecoins. According to the new bill, stablecoin issuers must obtain approval from the Financial Services Commission (FSC) and meet a few more eligibility criteria. The post South Korea’s New President Moves To Legalize Stablecoins Through Crypto Bill appeared first on 99Bitcoins.

The price actions of the Germany 30 CFD Index (a proxy of the DAX futures) have staged an intraday loss of -0.4% from the start of today’s European opening session. Interestingly, the ongoing four-day slide of -2.17% from last Thursday, 5 June swing high of 24,491 may have hit a minor cyclical low at this time of the writing. Alternative Trend Bias (1 to 3 days) On the other hand, failure to hold at the 23,900 key support may trigger a minor corrective decline sequence within its medium-term uptrend phase (still above 50-day moving) to expose the next intermediate supports at 23,675, and 23,380 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.

Overview: The US dollar is enjoying a firmer tone against the G10 currencies with the disappointing UK jobs data weighing on sterling the most. It is off about 0.5% in late morning European activity. The greenback is more mixed against emerging market currencies. The Mexican peso, which reached new highs for the year yesterday is consolidating. The Brazilian real also rose to its best level of the year yesterday. The US economic calendar is light today and the focus is on tomorrow's CPI report and the ongoing US-China talks in London. The US tariffs have been the key issue, the talks in London appear to be more about export controls. There are the makings for a deal: chips for magnets and rare earths. It is not clear the extent to which the US will unwind some of its chip export controls and maybe only to the measures that have been announced since the Geneva agreement. Most for the large Asia Pacific bourses gain, with China and Hong Kong notable exceptions. Strong orders for TSMC helped lift the Taiwan equity market by 2%. Europe's Stoxx 600 is nursing a small loss and US index futures are little changed. European benchmark 10-year yields are mostly 2-3 bp lower. The poor jobs report has sent the 10-year Gilt yield down seven basis points. The 10-year US Treasury yield is off a couple of basis points to 4.45%. Gold is consolidating between $3302 and $3335 today. July WTI is trading near $65.60, a two-month high. It is the fourth advancing session and the sixth of the past seven. USD: The Dollar Index remains pinned in its recent range near this year's low, recorded in April, slightly below 98.00. It has moved to test the upper end of this month's range near 99.40 today. Follow-through buying through the 20-day moving average (~99.60) would lift the technical tone. DXY has not closed above this moving average since May 19. The economic calendar is light ahead of tomorrow's May CPI and the Fed is in a media blackout period ahead of next week's FOMC meeting. This week's coupon sales kick-off today with $58 bln three-year notes, followed by $39 bn 10-year notes tomorrow, and Thursday's $22 bln 30-year bonds. There is much handwringing and finger pointing about the worrisome backing up of US interest rates, and it is often framed as reflecting the budget deficit and growing worries about the debt. Yet, consider that since the end of April, expectations for the year-end Fed funds rate has risen by about 55 bp. The 10-year yield has risen slightly more than 30 bp. It is not that the deficit and debt do not matter, but the backing up of US rates is arguably a result of shift in expectations for Fed policy. EURO: The euro recorded the session low yesterday, a little below $1.1390 in early North American turnover. It recovered to trade hover around $1.1425 in the North American afternoon, without the muster to challenge the session high seen in Europe near $1.1440. Like, yesterday, the euro remains within the range set last Friday (~$1.1370-$1.1455). Still, we had expected the combination of the steady US unemployment rate, expectations for a firm US CPI tomorrow, and the trade talks with China (began yesterday and continue today) to support the dollar. CNY: The dollar traded inside last Friday's range (~CNH7.1715-CNH7.1940) yesterday and frayed the upper end of its today as the broad consolidation continues. The PBOC set the dollar's reference rate at CNY7.1840 (CNY7.1855 yesterday). US-China trade talks in London continue today. What the US has done to China through exports controls and third-party restrictions on semiconductors and related technology and software, China has shown its capability of doing with rare earths and magnets. As we have argued, it seems China can replace chips easier or sooner than the US can replace the processed rare earths and magnets. That US Commerce Secretary Lutnick is participating in the talks in London has given rise to speculation that US export controls are part of the negotiations. It looks as if the US is willing the extra technology controls announced since the Geneva agreement nearly a month ago. JPY: The dollar traded between roughly JPY144 and JPY145 yesterday. Buying today, lifted the greenback through a trendline drawn off the mid- and late May high, found near JPY145.10. It reached JPY145.30 before sellers pushed it back to around JPY144.45. Japan reported 3.4% year-over-year increase in the preliminary estimate of May machine tool orders after April's orders rose 7.7% year-over-year. Still, the month-over-month are more revealing. After a surge in March, orders surged by 27.8%, orders have slowed. In April, they fell 13.8% and in May, they fell another 1.2%. Foreign orders have held in better than domestic orders. GBP: Sterling traded firmly yesterday but remained within the pre-weekend range (~$1.3510-$1.3585). Disappointing labor market data knocked it to $1.3455, below the 1-2-week trendline near $1.3525 today. Average weekly earnings were slowed to 5.3% in the three-months year-over-year in April, though excluding bonuses, slowed to 5.2% from 5.5%. Job growth is slowing, and the unemployment rate (three-months) rose to a new cyclical high of 4.6%, the highest since July 2021. The number of payrolled employees fell by 109k after last month's loss of 33k was revised a loss of 55k. It has not risen since last October, and those making jobless claims rose by 33k, the most since last July. Still, there is little chance that the data will prompt the Bank of England to cut rates next week, though the odds of an August cut have risen to around 80% from 67% yesterday. Note that ahead of the next week's BOE meeting, May's CPI will be reported. Headline CPI jumped 1.2% (month-over-month) in April amid price hikes in utilities. Consumer service prices jumped 5.4% year-over-year from 4.7% in March and was largest rise since last August. CAD: The US dollar briefly and marginally traded above the pre-weekend high near CAD1.3705. It has reached CAD1.3730 today. It is the third consecutive session of higher highs and higher lows. The CAD1.3745 area marks this month's high and a move above it could target the CAD1.3775-CAD1.3800 area. Yesterday, Prime Minister Carney announced a C$9 bln increase in defense spending and brought forward the 2% NATO target to FY25-26 from FY30 discussed in the recent campaign. Canada will have a permanent and expanded presence in the Arctic. The procurement process will become more efficient. Separately, Canada is reviewing its defense equipment needs and may opt for European producers instead of or in addition to US defense contractors. AUD: Confidence surveys from two banks appeared to have little impact on the Australian dollar. The Australian dollar approached the upper end of its recent range that comes in slightly below $0.6540. The $0.6550 area that we have been looking for is the (61.8%) retracement of the fall from last September's high near $0.6940 to the low in April near $0.5915. Still, the Aussie posted its highest close since last November yesterday near $0.6515. While there has been no follow-through buying today, the Australian dollar is within its well-worn recent range (~$0.6480-$0.6540) and trading firmly in a $0.6490-$0.6530 range today. MXN: The dollar ground to a new low against the Mexican peso, slightly below MXN19.03 yesterday, after a brief wobble early in the North American session as the greenback caught a bid around the time of Mexico's CPI report. It was a little firmer than expected, with the headline rising to 4.42% (from 3.93%) and the core to 4.06% (from 3.93%). This is the first time since last July that both measures are above the upper end of the 2%-4% target range. The central bank meets on June 26. The swaps market appears to be having second thoughts about the likelihood of another 50 bp cut, which would the fourth in a row. Ahead of the meeting, officials will get the inflation reading for the first half of June. The nearly 11% jump in vehicle production in May is a constructive development, but it is still about 2% lower than a year ago. Vehicle exports surged about 17.2% last month after a nearly 13.5% decline in April, leaving them almost 3% lower than a year ago. Mexico exports around 84% of its vehicle production in May compared with slightly less than 80% in May 2024. The peso recovered yesterday and settled well but is consolidating today between about MXN19.0345 and MXN19.10. We have been warning of a move toward MXN19.00, as it approaches, we must consider the next target on a break of it. The next important chart area is closer to MXN18.80. Disclaimer

The enduring story of the Lost Colony of Roanoke Island remains one of the biggest mysteries in American history. Established in the late 1500s on Roanoke Island, present-day North Carolina, the colony was England’s first attempt to establish a settlement in the New World. Yet, one day, the entire colony disappeared without a trace. The unsettling disappearance of the entire colony triggered centuries of speculation, theories, and many investigations. None of these ideas has ever borne fruit and explained what really happened to these 120 brave English souls who traveled to the New World, but then disappeared. A Coin to Remember It The mystery and intrigue surrounding the lost colony have turned the 1937 Roanoke silver half-dollar commemorative coin into one of the most popular commemorative coins in American numismatics. After all, it represents a foundational episode in our nation’s history. For those who haven’t heard the story before, here are some of the basic facts that we do know to be true. Setting Sail for the New World In the late 1500s, there was a fierce competition among European powers to establish overseas colonies. The Roanoke exploration and colony were primarily financed by Sir Walter Raleigh, an ambitious Englishman. In 1584, Queen Elizabeth I granted Raleigh the right to explore and colonize lands not already claimed by Christian monarchs. Raleigh invested heavily in this venture, seeking both personal gain and national glory. The initial 1584 reconnaissance voyage reported abundant natural resources and friendly native populations, fueling hopes for a prosperous settlement. In 1587, families including women and children joined the 1587 expedition to Roanoke Island led by John White, with the goal of building a permanent community in the New World. On August 18, 1587, White’s daughter Eleanor Dare gave birth to a daughter, Virginia Dare, who was the first English child born in a New World English colony. Her legacy endures today in American history. When John White returned to Roanoke in 1590 after a three-year absence, he found the entire colony gone. The only clues he could find were the word “CROATOAN” carved into a post and “CRO” on a tree. The fate of the roughly 120 colonists, including his granddaughter, remains unknown to this day. What Could Have Happened to the Roanoke Colonists? One of the most popular theories is that the British colonists sought refuge with friendly native peoples, such as the Croatan (now Hatteras) tribe. Perhaps they married into and assimilated into their native communities. Some believe the entire Roanoke colony perished due to food shortages, hostile conflicts with native tribes, or that disease spread and took the entire settlement out. Other historians have argued that the Roanoke colonists moved to another location, but no definitive archaeological evidence has been found. Another theory that has been put forth is that the Spanish forces destroyed the colony, since Spain and England were warring at that time. Despite many archeological digs, the fate of the Lost Colony remains a mystery today. What we do know is that the Colony of Roanoke Island is historically significant as it marked the first English effort to establish a permanent settlement in North America. And the brave souls who journeyed across the ocean gave their lives for a bigger cause. Honoring the Lost Colony: A Special Coin In 1937, to mark the 350th anniversary of the Roanoke Colony and the birth of Virginia Dare, the United States Mint issued a special silver commemorative half dollar. Congress authorized this coin to celebrate both the historical significance of the colony and the enduring mystery surrounding its fate. Why Collectors Prize the Roanoke Island commemorative half dollar This visually stunning coin commemorates a truly remarkable event in American colonial history, steeped in mystery and intrigue as well as historical significance. The artistry of this coin will never be forgotten once you have seen it. Experts agree that the detailed and symbolic imagery on the coin makes it a standout among commemorative issues. The obverse of the silver coin features Sir Walter Raleigh in period dress, shining a light on his role as the colony’s sponsor and visionary. The inscription includes “United States of America,” “Half Dollar,” and “Sir Walter Raleigh.” The reverse of the coin portrays a dramatic image of Eleanor Dare holding her baby daughter, Virginia Dare, against the backdrop of a coastal landscape. This scene pays tribute to the first English child born in America and the families who braved the unknown. In Memory… The Lost Colony of Roanoke Island remains an enigma, a story of adventure and adversity at the dawn of English America. Its legacy is preserved in the form of a beautiful silver commemorative coin. The coin is a tangible reminder of both the optimism, bravery, and tragedy of the Roanoke colonists and is a prized numismatic gem for collectors and historians alike. Curious? Blanchard has one of these historical gems on offer now. See it here. The post One of America’s Greatest Unsolved Mysteries: The Lost Colony of Roanoke Island appeared first on Blanchard and Company.

The enduring story of the Lost Colony of Roanoke Island remains one of the biggest mysteries in American history. Established in the late 1500s on Roanoke Island, present-day North Carolina, the colony was England’s first attempt to establish a settlement in the New World. Yet, one day, the entire colony disappeared without a trace. The unsettling disappearance of the entire colony triggered centuries of speculation, theories, and many investigations. None of these ideas has ever borne fruit and explained what really happened to these 120 brave English souls who traveled to the New World, but then disappeared. A Coin to Remember It The mystery and intrigue surrounding the lost colony have turned the 1937 Roanoke silver half-dollar commemorative coin into one of the most popular commemorative coins in American numismatics. After all, it represents a foundational episode in our nation’s history. For those who haven’t heard the story before, here are some of the basic facts that we do know to be true. Setting Sail for the New World In the late 1500s, there was a fierce competition among European powers to establish overseas colonies. The Roanoke exploration and colony were primarily financed by Sir Walter Raleigh, an ambitious Englishman. In 1584, Queen Elizabeth I granted Raleigh the right to explore and colonize lands not already claimed by Christian monarchs. Raleigh invested heavily in this venture, seeking both personal gain and national glory. The initial 1584 reconnaissance voyage reported abundant natural resources and friendly native populations, fueling hopes for a prosperous settlement. In 1587, families including women and children joined the 1587 expedition to Roanoke Island led by John White, with the goal of building a permanent community in the New World. On August 18, 1587, White’s daughter Eleanor Dare gave birth to a daughter, Virginia Dare, who was the first English child born in a New World English colony. Her legacy endures today in American history. When John White returned to Roanoke in 1590 after a three-year absence, he found the entire colony gone. The only clues he could find were the word “CROATOAN” carved into a post and “CRO” on a tree. The fate of the roughly 120 colonists, including his granddaughter, remains unknown to this day. What Could Have Happened to the Roanoke Colonists? One of the most popular theories is that the British colonists sought refuge with friendly native peoples, such as the Croatan (now Hatteras) tribe. Perhaps they married into and assimilated into their native communities. Some believe the entire Roanoke colony perished due to food shortages, hostile conflicts with native tribes, or that disease spread and took the entire settlement out. Other historians have argued that the Roanoke colonists moved to another location, but no definitive archaeological evidence has been found. Another theory that has been put forth is that the Spanish forces destroyed the colony, since Spain and England were warring at that time. Despite many archeological digs, the fate of the Lost Colony remains a mystery today. What we do know is that the Colony of Roanoke Island is historically significant as it marked the first English effort to establish a permanent settlement in North America. And the brave souls who journeyed across the ocean gave their lives for a bigger cause. Honoring the Lost Colony: A Special Coin In 1937, to mark the 350th anniversary of the Roanoke Colony and the birth of Virginia Dare, the United States Mint issued a special silver commemorative half dollar. Congress authorized this coin to celebrate both the historical significance of the colony and the enduring mystery surrounding its fate. Why Collectors Prize the Roanoke Island commemorative half dollar This visually stunning coin commemorates a truly remarkable event in American colonial history, steeped in mystery and intrigue as well as historical significance. The artistry of this coin will never be forgotten once you have seen it. Experts agree that the detailed and symbolic imagery on the coin makes it a standout among commemorative issues. The obverse of the silver coin features Sir Walter Raleigh in period dress, shining a light on his role as the colony’s sponsor and visionary. The inscription includes “United States of America,” “Half Dollar,” and “Sir Walter Raleigh.” The reverse of the coin portrays a dramatic image of Eleanor Dare holding her baby daughter, Virginia Dare, against the backdrop of a coastal landscape. This scene pays tribute to the first English child born in America and the families who braved the unknown. In Memory… The Lost Colony of Roanoke Island remains an enigma, a story of adventure and adversity at the dawn of English America. Its legacy is preserved in the form of a beautiful silver commemorative coin. The coin is a tangible reminder of both the optimism, bravery, and tragedy of the Roanoke colonists and is a prized numismatic gem for collectors and historians alike. Curious? Blanchard has one of these historical gems on offer now. See it here. The post One of America’s Greatest Unsolved Mysteries: The Lost Colony of Roanoke Island appeared first on Blanchard and Company.

Solana (SOL) has recovered from the recent market pullback after bouncing from its local bottom. Amid its recent breakout from a bullish formation, some market watchers suggest that the cryptocurrency could recover its start-of-year glory. Solana Breakout Eyes $164 Solana is recording a 2.45% surge in the weekly timeframe after recovering from its recent drop to the $140 area. The altcoin has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. However, SOL lost the $160 area amid the recent market corrections, dipping 11% in one week. Over the weekend, its price bounced nearly 10%, reclaiming the $150 level as support and forming an ascending triangle pattern. Crypto analyst Ali Martinez highlighted the 3-day formation in Solana’s chart, suggesting a potential 6% jump to its recently lost support level. According to the post, the cryptocurrency broke out of the triangle formation on Monday after reclaiming the $155 area. A retest and breakout confirmation could propel Solana to the $164 barrier, which has not been seen in two weeks. Analyst CW noted that if SOL breaks through the selling barrier around the $160 level, “the previous price will recover quickly,” as reclaiming this level could send the price straight to the $180 area. Notably, the altcoin’s next significant selling wall is around the $180 resistance, which it has been unable to reclaim despite touching a $187 three-month high during the recent market rally. Recovering this key barrier could also push SOL’s price toward the $200 mark, enabling a rally to new highs. However, failing to hold the current levels could send the cryptocurrency’s price back toward the $142 buying wall, which served as support last week, or even the $135 level, where the next buy wall sits. SOL Preparing To Climb Higher? Market watcher Jeremy pointed out that Solana is “finally breaking out from this downtrend consolidation.” Per the post, the cryptocurrency has been consolidating in a descending channel since late May, hovering between the $140-$187 price range. Throughout this period, SOL’s price moved from the $180 mark toward the $144 support. Nonetheless, it broke out of the two-week descending channel after reclaiming the $155 level. Jeremy suggested that Solana’s price could “actually climb higher” if global conflicts and political disputes, like the Trump-Musk online feud, don’t continue to affect the market, concluding that “1 SOL = $300 is just a matter of time.” Meanwhile, crypto trader Coinvo recently affirmed that SOL’s bottom “is finally in,” highlighting a potential bullish megaphone pattern in SOL’s chart. The 18-month pattern shows that the fourth wave bounced from the formation’s lower boundary during the April pullback. This could signal a potential surge to the upper boundary, around the all-time high (ATH) levels, during the fifth wave. A breakout above the pattern’s resistance line could propel Solana to new highs As of this writing, Solana trades at $156, a 1.88% increase in the daily timeframe.

The market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable spike on Monday, surging past the $108,000 mark after a period of consolidation between $100,000 and $106,000 for the past week. This surge comes as key officials from the United States and China prepare for critical trade negotiations in London, aimed at addressing ongoing tensions and salvaging “a fragile trade agreement.” US-China Trade Talks Spark Investor Optimism The cryptocurrency gained 2% on Monday, briefly touching a peak of $108,900 before settling back slightly. This uptick reflects growing investor optimism regarding the potential resolution of trade disputes between the US and China, one of its largest trading partners. Treasury Secretary Scott Bessent and China’s Vice Premier for Economic Policy, He Lifeng, are set to lead their respective delegations in discussions that began Monday and are expected to continue into Tuesday, as reported by Fortune. These negotiations are part of President Donald Trump’s broader strategy to compel US trading partners to meet various demands, often through the threat of imposing significant tariffs on imports. Following the announcement of a sweeping tariff policy in April, which impacted nearly all American trading partners, Trump authorized a 90-day pause for negotiations. However, this pause did not apply to tariffs on China, which were escalated to 145%. Trade Talks Resuming As Bitcoin Prices Rise The heightened tensions between the two nations had previously led to a significant drop in Bitcoin’s value, reaching a yearly low of $75,000 as fears of a trade war drove investors away from American markets. However, optimism returned following a summit in Geneva last month, where Trump announced a temporary agreement that would lower tariffs and facilitate further discussions. In the wake of this news, Bitcoin surged to an all-time high of $111,800 on May 22. Yet, the truce was short-lived. Trump claimed that China had violated the agreement over a dispute regarding exports of rare earth magnets. On May 30, he expressed his frustrations on Truth Social, stating, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” In an urgent attempt to salvage the deteriorating trade deal, Trump and Chinese President Xi Jinping held a phone call last week, their first in months. Following this 90-minute conversation, it was announced that senior officials from both countries would meet in London this week to resume negotiations. In addition to trade-related factors, Bitcoin’s recent price surge may also be influenced by increased activity in the cryptocurrency initial public offering (IPO) market. Wave Of Crypto IPO Activity Last week, the stablecoin giant Circle made its public debut on the New York Stock Exchange (NYSE), with its shares soaring by over 168%, jumping from an initial price of $31 to $69 on the first day of trading. Additionally, Gemini, the cryptocurrency exchange founded by the Winklevoss twins, filed for an initial public offering, further demonstrating the crypto industry’s growing connection to traditional finance. “While the IPO excitement may be short-lived, the long-term positioning of institutional investors suggests a bullish outlook for Bitcoin’s performance through 2025,” remarked David Siemer, CEO of Wave Digital Assets, in an interview with Fortune. When writing, BTC trades at $108,670, recording gains of 6% in the monthly time frame, little over 2.7% from its record high of $111,8000 reached in May. Featured image from DALL-E, chart from TradingView.com

The NASDAQ has been bringing crypto and traditional investing together since 2025. With the June 7 filing of a standard K-8 fund, the Nasdaq noted that its standard Nasdaq Crypto US Settlement Price Index (NCIUS) would add four new cryptos – Cardano, Solana, Stellar Lumens, and XRP Ledger – to its current roster of Bitcoin and Ethereum. The move sets up the potential for the first-ever multi-asset crypto ETF, and signals crypto’s continued ascension to the upper ranks of the financial world. The news comes on the back of reports that BlackRock’s Bitcoin ETF just became the fastest-ever ETF to reach $70B in total assets. Add it all together, and it’s clear that the finance world has expanded beyond recognizing just $BTC and $ETH. Solana’s $83.7B market cap could be set to swell even further on the back of a potential Nasdaq listing and possible ETF inclusion. And any growth could skyrocket when critical upgrades like Solaxy, Solana’s first-ever Layer-2, provide a much-needed boost to Solana scalability and reliability. ETFs: Kind Of A Big Deal Exchange-Traded Funds (ETFs) are pools of assets listed on exchanges, letting ordinary investors gain exposure to the underlying assets without purchasing them directly. That makes them great for retail investors who may not want the struggle of setting up a crypto wallet – even a simple wallet like Best Wallet app. However, ETFs are also appealing to institutional investors, who use ETFs to diversify their portfolios. $BTC and $ETH ETFs both caused a spike in the price of their respective cryptos when they launched last year, and have been widely credited with fueling a steady increase in demand. Currently, $BTC ETFs account for 6% of the total Bitcoin market cap; $ETH ETFs hold 3.13%. In both cases, that’s a significant percentage of the total market cap and adds buying pressure. A potential multi-asset ETF, from Nasdaq, no less, would do the same for any included cryptos, including Solana. Solana’s Ecosystem Set to Expand Solana has historically relied on a single Rust-based validator client. That was Agave, maintained by Anza, with over 90% of stake weight running on Jito-Solana, a fork built around MEV infrastructure. The Jito-Solana consolidation boosted performance and staking returns, but raised concerns that a failure at a single point could severely disrupt the network. In a positive sign, several competing clients are emerging: Jito‑Solana: the original MEV solution, which jump-started the trend of validator innovation Firedancer: developed by Jump Crypto, aimed at blazing-fast, modular performance Sig: Syndica’s rewrite in Zig, optimized for read-heavy workloads common in dApps Paladin: a lightweight MEV-focused fork of Jito featuring a protected ‘P3’ transaction lane to mitigate sandwich attacks and enhance fairness TinyDancer: an open-source light client designed for mobile environments, with SPV verification, data sampling, and fraud proofing Taken together, these clients represent a maturing Solana ecosystem: each addresses specific limitations and contributes to greater resilience, specialization, and decentralization. They lay the groundwork for further development on a Solana network that has seen some of the best meme coins and new crypto presales launched in recent years. And now there’s another improvement on the way, just in time for any potential ETF: the first-ever Solana Layer-2 solution, Solaxy. Solaxy ($SOLX): First-Ever Solana Layer-2 for Zero Down-Time Why have investors poured $46M into the Solaxy ($SOLX) presale so far? Because the potential for a Layer 2 solution that solves some of Solana’s nagging problems – like failed transactions and network congestion – is simply too great to miss. The Solaxy project brings together aspects of Ethereum’s scalability and reliability, blending them with Solana’s faster network speeds and lower transaction costs. The $SOLX token will be multi-chain, launching on Ethereum and bridging to the Solaxy Layer-2 when fully deployed. In the meantime, the project is already well underway. The Solaxy Block Explorer and Bridge are live on the testnet. And the token launch is imminent; there are only six days left in the presale. Any investors eager to get in early on what could be the next generation of Solana development can check out our guide on how to buy Solaxy. Tokens currently cost $0.00175, but our price prediction shows the potential for the token to hit $0.025 by the end of 2025, a 1300% increase. Visit the Solaxy presale page today. Nasdaq Listing Positions Solana – and Solaxy – As Financial Cornerstones With Nasdaq listing Solana in its crypto index and a potential ETF on the horizon, institutional demand could surge. Paired with the emergence of Solaxy, Solana is no longer just fast – it’s becoming foundational, and a core part of crypto finance. Do your own research before investing; this is not financial advice. But be aware – time’s running out to get in on the ground floor, with under a week left in the Solaxy presale.

Asian Market Wrap Asian shares gave up some of their morning gains, and stock futures turned negative ahead of the second day of US-China talks. Asian stocks rose, with MSCI's broad Asia-Pacific index (excluding Japan) climbing 0.7% to its highest level since January 2022. The yield on Japan's 10-year government bond fell slightly by 1 basis point to 1.46%, while the 30-year bond yield dropped 3 basis points to 2.88% early in the session. 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.