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Dubai witnessed a historic growth spurt in its real estate market in May this year, with an all-time high sales volume, as well as record-breaking transaction values, reflecting a higher investor confidence in the city’s realty. As per data provided by a publication on 8 May 2025, Dubai’s property market hit a milestone of 18,700 transactions, valued at approximately 66.8 billion dirhams (equivalent to $18.2 billion). The data further suggests that the market recorded a 44% YOY growth in the value of transactions and a 6% growth in total sales volume. Both primary as well as secondary sales figures contributed to this uptick, with primary sales growing in value by 314% compared to 2024. Meanwhile, secondary sales grew by 21%. This increased performance can be attributed to the tokenisation push within the real estate sector in Dubai. The introduction of tokenisation in the real estate market has made it possible for investors to buy fractional shares in property, making ownership more accessible. This has also resulted in the traditional dynamics of the sector being rethought and altered. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Dubai Real Estate Market’s Current Transaction Volume is an Ideal Launchpad for Tokenisation Industry experts have taken this growth spurt as a sign of the city’s evolution in real estate innovation. Scott Theil, for instance, the co-founder and CEO of Tokinvest, a real-world asset (RWA) tokenisation platform, believes that the market’s liquidity is ideal for the tokenisation of real estate to take centre stage. He said, “Dubai is proving itself to be one of the world’s most active and attractive real estate markets. When you see over 60 billion dirhams in transactions within a single month, it’s a strong signal that the market is prepared for innovative financial models.” Theil further explained that tokenisation of real estate is no longer just theoretical but an active development that is rapidly gaining more traction. He added that the market’s current transaction volume is an ideal launchpad for fractionalised property investments that can cater to both international and local demands. “Tokenisation won’t just follow this growth—it will help drive it,” he concluded. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Regulatory Support for Dubai’s Tokenised Real Estate The boom in Dubai’s real estate sector coincides with certain regulatory decisions undertaken by the authorities to revamp and modernise property transactions. Just last month, on 1 May 2025, Dubai’s MultiBank Group, real estate giant MAG, and blockchain service provider Mavryk entered into a partnership worth $3 billion to bring online MAG’s luxury properties. The deal aims to list MAG’s properties on a regulated RWA marketplace powered by blockchain technology. Later, on 19 May 2025, Dubai’s Virtual Asset Regulatory Authority (VARA) updated its guidelines to include provisions for real-world asset tokenisation. The guidelines provided much-needed clarity for issuers and exchanges involved in the trade of tokenised properties. Additionally, on 25 May 2025, the Dubai Land Department (DLD), the UAE’s Central Bank and the Dubai Future Foundation revealed Prypco Mint, a tokenised real estate platform. The pilot project will allow individuals holding valid Emirates IDs to invest in fractional shares of ready-to-own properties across Dubai, starting from Dh 2000 (approximately $545). Explore: Best Meme Coin ICOs to Invest in June 2025 Key Takeaways The UAE property market recorded 18,700 transactions in May with a total value of approximately $18.2 billion Primary sales grew by 321% while secondary sales grew by 21% The market recorded a 44% YOY growth in the value of transactions and a 6% growth in total sales volume The post Tokenisation Catapults Dubai’s Real Estate Market to $18B in May 2025 appeared first on 99Bitcoins.

Africa-focused Petra Diamonds (LON: PDL) has scrapped regular diamond tenders in favour of opportunistic sales as the market for rough stones continues to slump. The miner reported $53 million in sales from its fifth and sixth tenders of the year, covering production from its two South African mines. Petra will now report sales on a quarterly basis instead of following a fixed tender schedule. “In response to fluctuations in diamond prices and demand, the company no longer follows regular tender cycles and may postpone portions of tenders or sell goods as run-of-mine,” it said. The strategic pivot mirrors De Beers’ reported off-market sales of discounted diamonds to selected clients. The move aimed to reduce inventory without officially slashing prices. Petra said it sold 613,747 carats in the two tenders, a 29% increase from its fourth tender in February. The average price was $86 per carat, about 4% higher than February’s auction. On a like-for-like basis, prices were down 16% compared to the first six tenders of 2024, largely due to lower-value goods. Year-to-date, the company has sold 2.39 million carats for $239 million, down from $329 million over the six first tenders of its 2024 financial year. Petra delayed its April and May tenders due to a weaker product mix at its flagship Cullinan mine. The Finsch mine, meanwhile, saw improved pricing thanks to better ore access. The company expects an improved product mix as it ramps up production from the CC1E and the western side of the C-Cut block. Petra also drew an additional $33 million in debt, bringing its consolidated net debt to $258 million by the end of March. It attributed this to working capital requirements. “The continuing challenges in the diamond market and the weaker sales do not bode well given the ongoing negotiations to refinance Petra’s debt obligations,” Raj Ray, an analyst at BMO Capital Markets, wrote on Monday. Petra has been restructuring to cut costs, including the sale of its stake in Koffiefontein in October and the recent $16 million sale of the Williamson mine in Tanzania. Shares in Petra fell almost 3.5% on the news to 19.5 pence each, putting its market cap at about £38 million ($51 million).

Investors have poured a whopping $3.69 billion in net inflows into crypto ETFs. This marks the first month of positive net inflows in 2025. Furthermore, cumulative net inflows for 2025 reached $5.99 billion by the end of April, the second-highest on record. This figure only trails the record-breaking $42.33 billion seen in 2024, surpassing the $2.69 billion recorded in 2021. DISCOVER: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways The cumulative net inflows for 2025 reached $5.99 billion by the end of April, the second-highest on record. Global assets under management (AuM) in crypto ETFs stood at $146.27 billion at the end of April, the fourth-highest level ever. The post Crypto ETFs Attract $3.69 Billion Net Inflows In April 2025 appeared first on 99Bitcoins.

The XRP price is holding strongly above $2, maintaining its momentum as technical indicators show signs of a bullish trend. Notably, a distinct Falling Channel on the XRP price chart suggests that a breakout could be brewing, with a potential rally toward $3.8 in sight. XRP Price Holds Steady As Bulls Target $3.8 A technical analysis by Rose Premium Signals reveals that XRP is currently flashing strong bullish signals following a breakout from a long-term Falling Channel. Earlier in January, XRP broke past $3 but experienced a strong correction that has kept its price down ever since. Despite the ongoing downtrend, XRP has been firmly holding above the $2 threshold as it prepares for new all-time highs. Previously, XRP traded within a descending range for several months, forming lower highs and lower lows. However, recent price action has seemingly invalidated this downtrend structure with a decisive breakout above the upper boundary of the Falling Channel, indicating a potential trend reversal and the beginning of a bullish continuation. The chart shared by Rose Premium Signals on X (formerly Twitter) shows that after the breakout, XRP has been consolidating above the former resistance-turned-support zone, around the $2 level. The analyst confidently states that XRP’s outlook remains inherently bullish despite past downtrends, suggesting that the recent consolidation pattern indicates that bulls are still in control. Notably, the breakout above the Falling Channel is significant, as it typically implies a strong upside move, especially on higher time frames. Projected price targets based on technical formation are positioned at $2.9520, $3.3967, and $3.8767. Interestingly, the highest projected target exceeds XRP’s all-time high of $3.84 and reflects a 73.54% increase from current price levels. It’s important to note that these bullish targets forecasted by Rose Premium Signals align with historical resistance zones and measured moves from the Falling Channel breakout. If momentum sustains and market conditions remain favorable, XRP could rally toward these targets over the coming weeks, potentially offering significant upside for long-term holders and traders. Analyst Says Buy The Dip, With Ideal Entry At $1.85 While forecasting several optimistic targets for XRP, Rose Premium Signals emphasized a strategy of buying the altcoin during dips. This method aims to capitalize on low price points to maximize potential gains as XRP rebounds. The analyst‘s chart highlights the $1.85 support level with a clear “Buy Here” label, suggesting that this level is considered an ideal entry point should the price revisit it. Currently, XRP is trading at $2.23, meaning a drop to $1.85 would represent a 17.04% decrease. According to the analysis, this support level also marks the base of the recent Falling Channel breakout, providing a favorable risk-reward setup for those looking to enter or expand their positions.

Coinbase CEO Brian Armstrong has acknowledged that the unexpected freezing of user accounts has been a major issue for the cryptocurrency exchange. In a recent announcement on X, Armstrong stated that the company has successfully reduced these unnecessary account restrictions by 82% and is committed to further improvements. The progress comes after significant investment in upgrading the platform’s machine learning models and infrastructure, according to Dor Levi, a product team member at Coinbase. The enhancements have improved the precision of the Coinbase security systems, leading to fewer legitimate accounts being mistakenly flagged and frozen. Despite these advancements, Armstrong and Levi confirmed that Coinbase will continue to comply with court orders and legal sanctions requiring account restrictions. The Custodial Dilemma: When Your Crypto Isn’t Yours Despite the platform’s efforts, the announcement has been met with continued frustration from many customers. Some users on social media reported being unable to access funds for months, and in some cases, over two years, leading many to abandon the platform. Compounding the issue are complaints made on X about the difficulty of reaching a human customer service representative to resolve matters. The situation is a stark reminder of the inherent risks associated with custodial wallets, where a third party, like Coinbase, holds the user’s private keys and thus has ultimate control over their funds. Given these challenges, the principle of ‘not your keys, not your crypto’ has never been more relevant. The only way to guarantee immunity from third-party freezes, breaches, or restrictions is by using a non-custodial wallet like Best Wallet, where you retain complete control of your private keys and digital assets. Best Wallet: Security You Control, Freedom You Deserve If you’re looking to escape these custodial risks, Best Wallet offers a powerful solution built on the principle of true ownership. As a leading non-custodial wallet, it ensures your private keys are stored directly on your device, not a central server. This eliminates the risk of a third party freezing your account, as users have experienced with Coinbase. Beyond its security, Best Wallet is a feature-rich powerhouse. You can seamlessly manage a diverse portfolio with its multi-chain support and display your prized digital collectibles in the integrated NFT gallery. Forget complex exchanges; the built-in swap feature allows you to trade assets instantly and securely right within the wallet. With Best Wallet, you are your own bank, empowered with true financial sovereignty and the cutting-edge tools to navigate the world of digital assets. It’s more than just security; it’s the freedom to manage, trade, and display your entire portfolio on your terms. Best Wallet Token ($BEST): Rewarding Your Financial Freedom At the heart of this user-centric ecosystem is the Best Wallet Token ($BEST), a key that unlocks the ecosystem’s full potential. $BEST is more than just a digital asset; it’s a utility token designed to reward its holders. By owning $BEST, you unlock instant access to premium features and valuable financial benefits within the Best Wallet ecosystem. Enjoy significantly reduced fees on in-app swaps and transactions, maximizing the value of every trade. $BEST is also your ticket to higher yields, granting you access to boosted staking rewards on various assets. One of the most appealing benefits of holding $BEST is its early access to the best new crypto presale tokens from up-and-coming projects, allowing you to invest before they hit the market. Beyond personal gain, holding $BEST gives you a voice. It grants you governance rights, allowing you to vote on key proposals and help shape the future development of the Best Wallet platform. $BEST is available in presale for $0.025155, but we predict it could reach $0.035215 by the end of 2025, an impressive 39.99% gain if you invest now. $BEST isn’t just an asset; it’s your all-access pass to a more powerful, rewarding, and community-driven crypto experience. Ready to join? Our step-by-step guide on how to buy Best Wallet Token will walk you through the process. As non-custodial wallets like Best Wallet and its native token $BEST could unlock many impressive features and overcome issues that custodial wallets face, you must remember to research before making any investments.

Many crypto traders still manually wade through hundreds of token profiles, candlestick charts, and market cap pages each day. Sure, everyone has their favorite analytics website and their tried-and-tested metrics to simplify their work. But it’s still a lot of data for any individual investor to parse. Fortunately, trading could soon be changing. Imagine: Personalized search engines to find and highlight tokens with trading patterns that perfectly fit your preferred strategies, Bots to crawl specific platforms and detect emerging 5x, 10x, and 100x opportunities, Automated trading with built-in risk management. This is the new era of crypto trading, led by projects like TrueNorth and the Snorter Bot, which promise a streamlined approach that could revolutionize the crypto landscape. TrueNorth Announces Crypto-AI Discovery Engine Still spending ages looking around for the best crypto fits for your investment strategy? What if AI could do that for you? TrueNorth is pioneering so-called ‘agentic workflows for AI-native investing,’ a solution to harness AI’s power for market research, insights, and strategizing. An early group of 500 beta investors – dubbed ‘Truthsayers’ – are already testing this new technology. The Singapore-based company just launched an angel round to kick-start its early growth, raising $1M for advanced testing in the process. Once the project goes live, it will bring high-level trading strategies and advanced analytics to crypto traders of all levels. In fact, by combining the AI agent with reinforcement learning and a generative UI/UX, TrueNorth wants to deliver not just an AI trading tool, but a fully fledged AI assistant. It’s an attempt to create a hyper-personal trading AI that thinks and trades like you do, vastly expanding any individual trader’s toolbox. And TrueNorth isn’t the only one trying to bring crypto trading to the masses. Snorter Token ($SNORT): Sniff Out 100x Meme Coins with Snorter Bot Thousands of meme coins launch on Solana every day – and some of the big winners won’t ever make it to your local CEX. This is where projects like $SNORT come in. The Snorter Token ($SNORT) powers the Telegram-based Snorter Bot, an advanced crypto trading algorithm designed to find the best meme coin opportunities in real-time. The Snorter Bot then lets you bag and profit off of these opportunities through features like: Automatic sniping through sub-second swaps, Stop loss/take profit orders, Honeypot detection, Rugpull detection, Copy trading. Speed and automation tools like sniping and limit orders protect your investment strategy. Avoiding honeypots (scam tokens that can’t be sold) and rugpulls (tokens held by a small number of investors and dumped on the market) is critical to staying safe when looking for new low-cap coins. Beyond Solana, the Snorter trading bot will soon expand to cover several other chains, including Ethereum, BNB, Polygon, and Base. The $SNORT token will give you exclusive access to this bot. You can also currently stake the coin for 504% dynamic APY. You can read more about the staking and claiming processes in the Snorter Token whitepaper. $SNORT tokens currently cost $0.0949, and the presale has raised more than $628K in a few weeks. Visit the official Snorter Token presale page. AI, Bots, and Crypto – A New Trading Future? The future of crypto trading doesn’t have to be manual, tedious, and boring. Rather than delving deep into endless charts and metrics, TrueNorth lets you leverage AI analysis to automatically guide your investment strategy. And in the wild and woolly world of crypto meme coins, Snorter Bot will sniff out under-the-radar cryptos with 1000x potential, supercharging your meme coin portfolio while filtering out scams. This isn’t financial advice – crypto is always volatile, so do your own research.

Maelius (@MaeliusCrypto) has published a fresh weekly chart of DOGE/USDT from Binance and—despite the meme-coin’s recent pull-back—sees the groundwork for a textbook Elliott-wave extension that could catapult prices toward the psychological $1.00 mark. Can Dogecoin Hit $1? The chart tracks every weekly candle since early-2021 and puts the current market at $0.1843 after a four-week slide from the March high near $0.26. That decline has carried price straight back into a broad green “demand” band that now stretches roughly from $0.12 up to $0.17. The zone once acted as heavy overhead resistance during 2022-23; Maelius notes that, after last year’s breakout, it has switched polarity and is behaving as a base of demand. Two moving averages frame the structure. The 50-week exponential average (EMA 50, blue) is curling higher and sits at about $0.205, while the 200-week EMA (red) is printed at $0.1415. Price is currently wedged between the two, a configuration that often precedes a decisive expansion in volatility. Notably, a rising red trend-line—drawn beneath successive higher lows since late-2023—now coincides almost exactly with the 200-week EMA, reinforcing the $0.15 area as technical support. Maelius’ count assigns the March 2024 spike to $0.23 as the primary wave 1, and the subsequent retreat to the October 2024 low near $0.12 as the primary wave 2. From that inflection point the analyst sees the opening stages of a third wave unfolding, but—crucially—he marks a smaller-degree wave 1 of that larger wave 1 peaking just above $0.48 in early December last year, followed by the present pull-back that he labels the smaller-degree wave 2. In other words, the chart shows a classic “1-2, 1-2” nesting: a big 1-2 at primary degree, immediately followed by a smaller 1-2 that kicks off the presumed third-of-third advance. Such a configuration is typically regarded by Elliott technicians as the most explosive setup in the entire impulse hierarchy because the next leg is the wave 3 of wave 3, a segment that can extend with the steepest slope and often delivers the bulk of a trend’s price appreciation. A dashed projection ray extrapolates that third wave to the $1.10 region, before wave 4 is pencilled in as a shallow retrace to roughly $0.65 and wave 5 completes somewhere in the $1.50–$1.80 range. Maelius tempers the roadmap in his accompanying post, stating he is “not a fan of hard targets” but believes “this one goes towards $1 in the next impulse.” Under the price pane Maelius plots the weekly WaveTrend Oscillator (WTO). Both the fast (black) and slow (red) curves bottomed inside the highlighted oversold band in April and have since hooked sharply higher. That turn has been accompanied by a steady contraction in the crimson histogram bars; over the last two candles the histogram has in fact flipped back to light-grey on the positive side of the midline, signalling that bearish momentum is losing its grip and that a fresh bullish impulse may be brewing. DOGE is now hovering exactly at the upper rim of the demand box. A weekly close above the EMA 50 at $0.205 would signal renewed bullish dominance and open the way to $0.26—the May swing high—and the mid-$0.40s cluster that halted price during the December 2024 rally. Conversely, a decisive break under $0.14 would violate the two-year ascending trend-line and postpone the Elliott count. At press time, DOGE traded at $0.18.

This is a follow-up analysis of our prior report, “Hang Seng Index Technical Outlook: At risk of multi-week corrective decline within major bullish trend” dated 27 March 2025. close Fig 3: Hong Kong 33 CFD Index major & medium-term trends as of 9 June 2025 (Source: TradingView) Fig 3: Hong Kong 33 CFD Index major & medium-term trends as of 9 June 2025 (Source: TradingView) Key technical elements suggest the start of a potential new medium-term (multi-week) uptrend phase within its major uptrend cyclical phase that is still intact since the 22 January 2024 low for the Hong Kong 33 CFD Index. Price actions have shaped a” V-shaped” movement after a retest of its 50-day moving average on last Monday, 2 June. The daily RSI momentum indicator has continued to flash out bullish momentum conditions as it shaped a series of “higher lows” above the 50 level and has not reached its overbought region (70 and above). Watch the 22,690 key medium-term pivotal support with the next medium-term resistances coming in at 25,080 and 26,200 (also the upper boundary of the major ascending channel from 22 January 2024 low) (see Fig 3). However, failure to hold at the 22,690 key support invalidates the bullish scenario to kickstart another corrective decline sequence to expose the next medium-term support at 21,225 (also the key 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.

Galantas Gold (TSX-V, AIM: GAL) has inked a joint venture agreement with Ocean Partners UK to restart underground operations at its Omagh gold project in Northern Ireland, aiming to resume production amid rising gold prices. The Canada-based junior called the deal a “turning point” for the high-grade project, which operated as an open-pit mine until 2013. Under the binding term sheet, Ocean Partners will convert about $14 million in existing debt into an 80% stake in Galantas subsidiaries Flintridge Resources and Omagh Minerals, which jointly hold the Omagh asset. Galantas will retain a 20% interest, with the option to convert it into a royalty. Ocean Partners will also invest an initial $3 million to fund exploration, restart planning and cover administrative costs over a one-year term. Galantas will be free-carried during this phase but may choose to participate pro rata in future funding, including a potential second-phase investment of $5 million. The agreement allows Ocean Partners to convert an additional $1 million in remaining debt into a 0.001% interest in Flintridge once mining resumes. “This transaction enables Galantas to benefit from renewed production at Omagh while strengthening the company’s balance sheet,” chief executive officer Mario Stifano said. He added that Galantas would receive gold production once operations resume, while also advancing its Gairloch gold-copper VMS project in Scotland. The joint venture plans to launch a drill program targeting high-grade zones such as the Joshua Vein and testing the northern extension of the Kearney Vein. From Ireland to Scotland The transaction requires shareholder approval and constitutes a “fundamental change of business” under market rules, as Galantas is effectively transferring control of its main operational assets. The company said that, despite the shift, it will remain listed on the London Stock Exchange’s Alternative Investment Market (AIM) and will not be classified as a cash shell. If approved, Galantas will shift its primary focus to the Gairloch project in Scotland, where it plans to initiate a maiden resource estimate and begin drilling. Galantas has a one-year option to convert its 20% stake in the Omagh entities into a 3% net smelter return (NSR) royalty. Ocean Partners holds a buyback right for half of that royalty at $8 million. If Galantas doesn’t exercise the option and its stake falls below 10%, its interest will automatically convert to a 1.5% NSR royalty, half of which Ocean Partners can repurchase for $4 million. Ocean Partners chief executive officer, Brent Omland, is also a Galantas director and a shareholder and director of Ocean Partners’ parent company, making Ocean Partners a closely associated entity under EU market abuse regulations. Omagh’s underground development was paused in 2017 until local police (PSNI) were able to increase availability of anti-terrorism cover. Blasting activities were halted again in the late 2019 mainly because of limitations imposed by the PSNI. Ore production was then suspended in 2020 due to insufficient funds and the impact of the global pandemic. Gold mining companies operating in Northern Ireland secured an agreement with the government in 2021, granting them free policing linked to the handling of explosives. The move allowed them to speed up sampling and project development.

Making a move towards global tax transparency, Switzerland has adopted a landmark bill enabling the automatic exchange of crypto-related information with 74 partner countries. Switzerland has long been known for its financial discretion. However, with crypto tax info sharing bill, netizens are wondering if Switzerland just killed its crypto privacy. On 6 June 2025, the Federal Council said, “In the bill adopted today, the Federal Council is proposing 74 countries relevant to the crypto market with which Switzerland should automatically exchange information concerning crypto assets from 2026. These include all EU member states, the UK and most G20 countries (except the USA and Saudi Arabia).” “An exchange should only take place if the partner states are interested in exchanging information with Switzerland and if they fulfil the requirements of the Crypto-Asset Reporting Framework developed by the Organisation for Economic Co-operation and Development (OECD),” said the Federal Council. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now New Framework On Crypto Assets Set To Take Effect From January 2026 The new framework for the automatic exchange of infor (AEOI) on crypto assets is set to take effect on 1 January 2026. In fact, the first exchange of data is scheduled for 2027. Hence, starting 2026, Swiss crypto service providers must collect and report client data – including names, addresses, tax IDs, and crypto balances – to Swiss tax authorities. The data will then be shared with partner countries. While the data will be shared with 74 jurisdictions, including all 27 EU member states, it is important to note that the data sharing will only occur with countries that demonstrate mutual interest and comply with CARF. DISCOVER: 20+ Next Crypto to Explode in 2025 Bitpanda Survey Says Switzerland Is Leading Crypto-Friendly Nation A 2024 survey by Bitpanda shows that a significant 23% of the Swiss population owns crypto. In partnership with YouGov Deutschland GmbH, Bitpanda surveyed more than 6,000 Europeans from Germany, France, Switzerland, Austria and Italy to study crypto trends. Switzerland has emerged as one of the most crypto-friendly nations globally, with a substantial portion of its population actively participating in the digital currency ecosystem. “In our research, we wanted to better understand how these factors are changing,” said Bitpanda. “Switzerland was the most crypto-friendly country, with almost a quarter (23%) of the total population already owning cryptocurrencies.” Will Switzerland be considered “the most crypto-friendly nation” after it implements the landmark bill enabling the automatic exchange of crypto-related information with 74 partner countries? Explore: 10 Best Solana Meme Coins to Buy in 2025 Key Takeaways Starting 2026, Swiss crypto service providers must collect and report client data – including names, addresses, tax IDs, and crypto balances – to Swiss tax authorities. Switzerland has long been known for its financial discretion. However, with crypto tax info sharing bill, netizens are wondering if Switzerland just killed its crypto privacy. The post Switzerland Adopts Landmark Bill For Crypto Tax Information Sharing With 74 Countries appeared first on 99Bitcoins.

Overview: Despite the US jobs report, which was considerably better than the fears induced by the ADP estimate and the gradually rising jobless claims, and apparent resumption of China's rare earth exports to US (and European) auto makers, Asia and European participants sold into the dollar's gains they inherited. The greenback has largely unwound its pre-weekend gains. The US-China trade talks are being held in London today. China's export control of critical metals and magnets was a shot across the bow. As the US dominates chip technology, and therefore the supply chain, China demonstrated it does the same more or less in the rare earths space. Separately, China reported slower exports last month and a decline in exports to the US, but a larger trade surplus overall. Japan had previously reported Q1 GDP contracted but upward revisions to consumption and inventories despite a downward adjusted to business investment, saw the economy stagnate rather than shrink. The dollar is weaker against the G10 currencies and most emerging market currencies. Asia Pacific equities rallied today, led by more than 1% gains in Hong Kong, the mainland shares that trade there, and South Korea's Kospi. Note that Australian markets were closed for the King's Birthday. Europe's Stoxx 600 is snapping a four-day advance, and US index futures are little changed. European 10-year yields are 4-5 bp lower and the 10-year US Treasury yield is around 2-3 basis points lower near 4.48%. It has risen 11 bp before the weekend. Gold fell 1.25% before the weekend and extended its losses today to around $3293 before recovering to around $3328 before consolidating in Europe. July WTI edged a bit closer to $65 to reach two-month high. It was sold to around $64.20 before finding a new bid in Europe. USD: The Dollar Index traded firmly ahead of the weekend after a poor German industrial output report and a better US jobs report than the dismal ADP estimate suggested. It nearly met the (50%) retracement of the decline from the late May high (~100.50). There has been no follow-through buying today, and the Dollar Index is confined so far to last Friday's range. The low was around 98.65, and it is holding above 98.80 but it looks vulnerable. Last week's low was closer to 98.35. The weekend unrest in Los Angeles, the use of the national guard and threat of Marines are unsettling but the link to the capital markets is not clear. Today's wholesale inventories and NY Fed's inflation survey are not typically market-movers. The data highlight of the week is Wednesday's CPI, where the median in Bloomberg's survey is looking for a small increase in the year-over-year pace. Surveys are one way to track inflation expectations. Market-based measures are another. The former are elevated compared with the latter. Consider the Fed's survey for the one-year outlook. It was 3.63% in the April survey. The one-year breakeven was at 3.15% at the end of April and has been holding below 3% since May 12, and settled last week slightly above 2.75%. After the jobs data, the Fed funds futures pushed the next cut into Q4 and is now the least sure that the Fed will cut twice this year in more than three months. EURO: The euro was under pressure ahead of the weekend after the poor German industrial output figures (-1.4% in April and the March gain was revised to 2.3% from 3.0%) and largest decline in exports in six months (-1.7% in April). The better-than-feared US jobs report pushed on the open door. Within an hour of the data, the low was in place slightly ahead of $1.1370. In the North American afternoon, it hovered near but mostly below $1.1400. It has held above $1.1390 today and is extending gains in Europe to almost $1.1445. The pre-weekend high was near $1.1460 and last week's high was closer to $1.15. CNY: The broader gains in the dollar dovetails with the corrective/consolidative phase we anticipated against the yuan. Last week it held the year's low (~CNH7.1615) in late May and recovered to almost CNH7.1940 ahead of the weekend. In the context of today's softer tone, it has been pushed back to around CNH7.1825 today. The PBOC set the dollar's fix higher (CNY7.1855 vs CNY7.1845) for the first time in three sessions. Deflationary forces continue to grip China, but earlier claims of it exporting it to the US seems wide of the mark. Producer prices fell 3.3% year-over-year in May, the most since July 2023. The weakness in producer prices seems to support for the arguments that China suffers more from over-investment than under-consumption. It is true that consumer prices are also deflating. They fell by 0.1% year-over-year in May. While consumer inflation is low, it is the weakness in food prices that pushes it over the edge. Food prices fell by 0.4%, twice the April's prices, while non-food prices were flat. The core rate, excluding food and energy, was up 0.6%, matching the year's high. Separately, China reported May trade figures, and although exports to the US fell, overall exports rose 4.8% (down from 8.1%) and imports fell 3.4% after 0.2% slippage in April. The net result was a $103.22 bln monthly trade surplus ($96.2 bln in April). JPY: The dollar based in the JPY142.40-60 area last week and briefly poked above JPY145.00 after the US jobs report, which saw a sharp jump in US rates. The greenback settled above its 20-day moving average for the first time since May 19. The dollar has been turned back today to straddle JPY144 in the European morning. Last Friday's low was near JPY143.45. Japan revised the Q1 GDP contraction way. Rather than fall by 0.2% that was previously reported, Japan's economy stagnated. Consumption was revised to 0.1% from flat, but the inventories contribution was twice what was initially estimated (0.6% vs. 0.3%) while net export subtracted 0.8%. Business investment was revised to 1.1% from 1.4%. The GDP deflator was left unchanged, up 3.3% year-over-year, the highest since the end of 2023. Separately, Japan reported April's current account, which true to form, deteriorated in April. It has done so in 19 of 20 years. The surplus fell to JPY2.26 trillion from JPY3.68 trillion. The trade balance itself fell back into deficit (~JPY33 bln from JPY516.5 bln surplus) for the first time since January. GBP: Sterling stalled at the end of last week after setting a new three-year high (~$1.3615). The stronger dollar ahead of the weekend saw sterling approach $1.3500. Sterling is trading firmly inside last Friday's range (~$1.3510-$1.3585) and may probe the $1.3600 area in North America. The UK economic calendar begins off quietly but features the employment report tomorrow and April GDP on Thursday. Still, given the recent comments by Bank of England officials, there is practically no chance of a rate cut at next week's Monetary Policy Committee meeting. The swaps market has almost 2/3 of a chance of a cut at the following meeting in August, but the next cut is not fully discounted until November. CAD: The US dollar recovered from CAD1.3635, a new low for the year, last Thursday and reached slightly through CAD1.3700 ahead of the weekend. First, the US data overshadows the Canadian report. Second, underneath the optics, which showed a nearly 58k increase in full-time posts, the most in five months, there were weakness. These went beyond the increase in the unemployment rate to a new cyclical high of 7% (6.3% in May 2024) and includes a decline in aggregate hours worked and job losses in manufacturing and logistics (transportation and warehousing). Still, the greenback trades heavily today and is near the pre-weekend low (~CAD1.3660). AUD: The high for the year was set last Thursday slightly below $0.6540. The pullback ahead of the weekend extended to about $0.6480. It has returned bid today and is around $0.6530-5 in Europe. The $0.6550 is a retracement target we have been anticipating. Australia sees a couple of bank surveys on consumer and business confidence tomorrow, but they tend not to be drivers of the exchange rate. The central bank meets next on July 8, and the futures market is discounting a little more than an 85% of a cut. MXN: The dollar finished last week at its lowest level against the Mexican peso since September and has fallen further today to reach about MXN19.0650. It appears to be drawing gradually toward the MXN19.00 area. The peso rose by about 1.7% last week, its largest gain since late January. Latam currencies made up three of the four best performing emerging market currencies last week (BRL +2.9%, KRW +2.0%, MXN + 1.7%, and CLP +1.2%). Some link the strength of Latam currencies to rising commodity prices and/or carry trades, while the honeymoon after the Korean election appears to have been a factor for the won. Mexico will report May CPI shortly. Price pressures have accelerated as last month progressed and both the headline and core measures are expected to rise above 4%, the top of the 3% +/- 1% band. The central bank's chief concern is about the weaker growth profile and not on the firmer CPI readings. The swaps market continues to favor another 50 bp cut when the central bank meets again (June 26). Separately, Mexico will report its May vehicle production and exports. Output fell almost 4% in April to about 326k vehicles and was about 9% lower year-over year. Mexico exported almost 257k vehicles or about 21% of its output. In April 2024, Mexico exported nearly 290k vehicles, or almost 20% of its output. Disclaimer

A sudden slide in Bitcoin’s dollar value rattled traders this week after US President Donald Trump and Elon Musk tangled in public comments. The drop was sharp, and it raised questions about whether BTC can keep its upward momentum. According to market data, prices dipped quickly before finding a floor, leaving some investors on edge while others looked to on-chain figures for clues. Exchange Reserves Slip Based on reports from CryptoQuant, the amount of Bitcoin held on centralized exchanges fell from 2,435,600 BTC to 2,365,400 BTC over seven days. That’s a nearly 3% decline. When coins leave exchanges it often means people want to hold them in private wallets. Fewer coins available to sell can tighten supply. In turn, that may help prices recover. Realized Cap Hits New High According to the same data, Bitcoin’s Realized Capitalization recently hit $935 billion. It’s the highest level on record. Realized Cap tracks the value of all coins at the price when they last moved on-chain. A rising number shows fresh capital flowing into Bitcoin. It suggests both small traders and large institutions are still betting on BTC’s long-term value. Netflow Shows Accumulation Based on the flow of deposits and withdrawals, Bitcoin’s netflow has been negative. That means more coins have left exchanges than have been deposited. Withdrawals beat deposits in trading volume. In simple terms, holders aren’t looking to sell right now. It’s a classic sign that buyers outnumber sellers—at least in the on-chain arena. UTXO Bands Point To Holder Confidence CryptoQuant’s UTXO Value Bands also reveal growing activity across multiple coin-age groups. UTXO stands for Unspent Transaction Outputs. It measures the age and value of coins that haven’t moved. When you see more coins in older bands and steady movement in newer ones, it tells you a variety of investors—from long-term holders to recent buyers—are staying active. That pattern tends to shore up market support. Looking Ahead Even if Bitcoin’s price can swing wildly day to day, these on-chain signals hint at solid backing underneath. Less supply on exchanges, a record realized cap of $934.88 billion, ongoing negative netflow and rising UTXO activity all point toward patient investors holding their ground. Short-term dips may still occur, especially when big names trade barbs on social media. But for many in the market, the long-term story remains intact. Featured image from Unsplash, chart from TradingView

UMA crypto could surge 200% after the deal between Elon Musk’s X and Polymarket. The Optimistic Oracle provider could also attract more users and firms. Last week was both hot and cold for crypto. Just when many thought Bitcoin would crash below $100,000, the coin rebounded over the weekend, lifting above $106,000, boosting some of the best cryptos to buy. Among the altcoins that posted decent gains was the UMA Protocol, an OG crypto project that not only rejected lower lows but is already up over 20% over the weekend. DISCOVER: 20+ Next Crypto to Explode in 2025 UMA Crypto Rising: Will the Token Spike 200%? At this pace, UMA is highly likely to extend gains from last week, and the token could break above a key resistance level that capped gains in Q2 2025. On June 6, UMA crypto temporarily breached $1.418 before cooling off. However, momentum picked up over the weekend, and encouragingly, prices remain inside the bull bar of June 6, a positive signal. Technically, if bulls reject attempts to push prices lower, the uptrend remains intact. (UMAUSDT) Chartists are closely watching the resistance at $1.418 and support at $1.021. If bulls succeed and the Q4 2024 trend continues, UMA crypto could soar 200% to December 2024 highs in a welcome uptrend. In this way, UMA could easily outperform even some of the best Solana meme coins to buy in June. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Impact of the Polymarket and X Deal Multiple tailwinds may propel UMA to Q1 2025 highs. While the Bitcoin recovery can boost demand, the recent partnership between Polymarket and X could be a trigger. Polymarket is the world’s largest prediction market, processing millions daily. X, the social media platform owned by Elon Musk, is one of the most actively used networks, with millions of daily active users. The UMA Protocol, an optimistic oracle and competitor to Chainlink, secures Polymarket, among others. On June 6, Polymarket announced its partnership with X, effectively positioning itself as the platform’s exclusive prediction market partner. With this deal, the UMA Protocol gains more visibility, as Polymarket is indirectly integrated into the social fabric of one of the most influential social media platforms, with over 200 million daily active users. One observer said that with this deal, X would get “stronger political influence, a brand new revenue engine, and a gateway to crypto.” With Polymarket in the picture, the social media platform now ” converts the noise of debate into prices that reveal collective belief.” More Bets, More Revenue There will be greater news transparency since X users will now access real-time event predictions, such as election odds. Polymarket could benefit from increased real-time user engagement as millions seek to profit from the prediction market. The expected demand could lift UMA prices because UMA provides data verification services as middleware, ensuring Polymarket operates securely and transparently through its Optimistic Oracle service. With projected traffic increases after X integration, UMA could see revenue growth whenever a market is automatically resolved. The Optimistic Oracle is leveraged by EigenLayer, Jarvis Network, Across Protocol, and others. According to DeFiLlama, the UMA Protocol has over $228 million in total value locked (TVL), but this number could increase in the coming weeks. DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales UMA Crypto: Can Polymarket-X Deal Trigger 200% Rally? UMA crypto ticks higher and is likely to break above Q2 2025 resistance UMA bulls target a 200% rally to Q1 2025 highs X and Polymarket partners Will the UMA Protocol TVL increase? 2025 The post Is UMA Crypto Ready for a 200% Rally After Polymarket and X Deal? appeared first on 99Bitcoins.

The XRP news to start this week is bleak. We have never seen the XRPL Volume this low in months. It’s ded; pack it up XRP’s latest uptick, up 2.18% to $2.18, feels more like a dead cat bounce than a turnaround. After tanking to $2.08 last week, the token managed to claw back a few cents by Monday. Whether it holds is anyone’s guess. However, while the price action appears promising, underlying market indicators paint a mixed picture. Here’s what you should know: 24h7d30d1yAll time XRP News Trading Volume Plummets, Raising Questions XRP volume is drying up fast, down nearly 49% since last week while resistance between $2.50 and $2.60 hasn’t even been scratched. For traders betting on the next leg higher, the real Hail Mary might be a Ripple spot ETF approval, not organic retail demand. (X) XRP’s chart is starting to look like a minefield. The token is trapped below its 50-day and 200-day moving averages, $2.26 and $2.34, while volume remains too soft to power through. A symmetrical triangle is taking shape, but without stronger participation, it’s more stalemate than setup. The kicker is a death cross just printed on the daily, with the 23-day slicing below the 50-day—a classic red flag for downside risk. DISCOVER: 20+ Next Crypto to Explode in 2025 Key Drivers Ahead XRP’s outlook is riding high on two headlines that may—or may not—hold up under closer scrutiny. Ripple got the green light from Dubai for its RLUSD stablecoin, and Webus International just bet $300 million on XRP as a corporate treasury asset. However, all eyes are on June 17, when a decision on Franklin Templeton’s proposed spot XRP ETF is expected. Approval could attract substantial institutional inflows, bolstering liquidity. Proceed With Caution While XRP has shown resilience, short-term traders are under pressure to strike the right balance. The current symmetrical triangle formation and death cross should be noted. A decisive break above $2.27 with strong volume could pave the way for a move toward $2.50-$2.60. Conversely, if resistance proves too robust, XRP may risk another pullback. For now, the market appears to be waiting for a trigger. Calm before the storm. We’re more excited to see what happens after 200 days of consolidation and the final blow-off top for the bull run. We can dream, can’t we? EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways The XRP news to start this week is bleak. We have never seen the XRPL Volume this low in months. Dollar bulls are stuck. Bitcoin isn’t exactly flying either, but it’s holding firm. The post Volumes Tumble Amid XRP News: Will Deathcross Kill XRP Price? appeared first on 99Bitcoins.

Asian Market Wrap In what is expected to be a slower week on the Economic data front, markets appear to be cautiously optimistic. Trade tensions eased between President Donald Trump and China’s Xi Jinping after they resolved a dispute over critical minerals, opening the door for more trade discussions. Top U.S. and Chinese officials will meet in London on Monday to try to ease the escalating trade dispute between the two countries. The conflict has grown beyond tariffs to include export controls on key goods and components affecting global supply chains. close Source: TradingView Source: TradingView 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.

Pseudonymous analyst CryptoInsightUK has warned that the next major move for XRP could be a trap. In a video published on June 8, the analyst outlined a scenario where XRP surges toward $2.30–$2.40 in the short term—only to reverse violently into a sharp liquidity flush before any sustainable breakout occurs. XRP Bull Trap Looming? “I think XRP goes to sub-$2.0. I really do,” he said, adding: “It could come and sweep the highs here… could come up to like what, $2.30, and then push us down. That would be more pain for everyone, ‘cause everyone’s going to think we’re going to the upside.” The setup he describes is based on market structure and liquidity dynamics, particularly the buildup of resting orders beneath XRP’s current range. “This here is a concern, a real concern for me,” he said, referring to the growing pool of liquidity below current prices. According to his internal models, such liquidity zones are statistically touched “80% of the time.” “Someone’s trying to trick someone here,” he warned. “I’m cautious.” Despite his near-total XRP allocation—he states he’s “95%+, probably more like 98%” positioned in XRP—CryptoInsightUK emphasized that he’s not rooting for a correction. “I don’t want it to come down,” he said. “I’m just showing you what I see.” The analyst proposed multiple structural paths: one in which XRP immediately breaks out, and another where it briefly rallies to sweep local highs before flushing downward to form a bullish divergence. “We’re in a range right now,” he said. “Do we come up, sweep the highs, then take the lows and go?” He elaborated on the bullish divergence pattern he is watching, where price forms a lower low while the RSI (Relative Strength Index) prints a higher low—a setup he uses to identify bottoming structures. “That’s what I would like to see,” he explained. Broader Macro Conditions Still Supportive Despite the bearish tactical setup, the video struck an upbeat macro tone. Will cited four near-term catalysts: the Genius Act on stablecoin oversight, the imminent filing deadline in the SEC’s remedies phase against Ripple, the July decision window for a spot-XRP ETF proposal, and a renewed expectation of accommodative fiscal policy sparked by last week’s televised Trump-Musk dialogue. “What this really tells us is there’s going to be money printing,” he argued. “Assets all over are going to explode to the upside and, for the other specific reasons, XRP probably does even better.” Turning to Bitcoin, the analyst observed an ongoing decline in trading volume, suggesting indecision or exhaustion. “There’s been no volume. There’s been nothing,” he said of recent BTC price action. He highlighted a CME futures gap around $92,000–$93,000 and added that fixed range volume analysis points to a possible pullback zone at $96,000–$97,000. “It’s probably coming imminently, maybe this week,” he said of a potential correction, projecting a scenario where BTC dips into this range before resuming its upward trajectory. “Does this mean we squeeze to the upside or come down and take this low and put in that bullish divergence structure?” he asked, noting a similar divergence setup at $75,000 earlier this year. XRP Spot Activity Raises Red Flags In the final hour before the video, XRP had “squeezed up with some volume,” but the analyst urged caution. While open interest had risen sharply, funding remained green—suggesting net long positioning—and aggregate premium had turned red. “This indicates to me that even though there are still some shorts coming in, more longs than shorts have entered,” he said. He warned that this imbalance could cause a sharp move lower if the market fails to hold current levels. “If we do now come down and lose this low, expect a more aggressive, faster move to the downside,” he said, pointing to the risk of liquidating leveraged positions. XRP’s relative performance against ETH and BTC also came under review. While it had begun testing resistance zones, neither the XRP/ETH nor the XRP/BTC charts had decisively broken out. “We could still be in this range chopping about,” he cautioned. “Could lose strength until we start to see some confirmations to the upside.” At press time, XRP traded at $2.23.

Over the last few weeks, the Bitcoin price has been on an upward trajectory, propelled forward mainly by institutional adoption and buying. This has seen the Bitcoin price rally to new all-time highs at $111,900, and has remained above $100,000 despite a turn in market sentiment toward the negative. However, this support has not bolstered confidence, with one analyst predicting that the leading cryptocurrency has seen the end of this bull cycle. Bitcoin Price Completes Elliot Wave Theory The Elliot Wave Theory is a chart pattern that has been widely used as Bitcoin has become more mainstream in an effort to predict where the price may be headed next. The theory consists of five full waves, at the end of which lies a bearish trend for the digital asset. So far, the Bitcoin price has been moving through different waves according to different analysts. But Sniper Academy on the TradingView platform has revealed that the five waves have been completed. Using the 1-month Bitcoin price chart, the crypto analyst shows that there have been five different waves completed. The latest all-time high peak above $111,900 is shown to have been the fifth and final wave, suggesting that this bullish impulse is complete. Given that the Bitcoin price has now completed this theory, the crypto analyst explains that this means that the cryptocurrency has now hit the upper boundary of a long-term ascending channel. Simply put, this is very bearish for the digital asset as this means an end to its upward trajectory. Right now, the analyst showed that the Bitcoin price is already forming divergence after the completion of the fifth wave. This has triggered a weakness in the momentum and has come as a result of resistance forming between $76,000 and $111,000. This trend shows that a potential double top has been created, and that means that there is nowhere for the Bitcoin price to go now but down. BTC Price Targets $31,000 Bottom Given the fact that the crypto analyst believes that the Elliot Wave Theory has played out and the five waves have been completed, the next expectation is a sharp drop in the Bitcoin price. The first move is expected toward $66,000, which would be an almost 50% decline in price from here. However, this is not the worst of it, as the crypto analyst sees the cryptocurrency still breaking down to $53,000. Then, if this level does fail to hold, then a fall all the way down to as low as $31,000, serving as the bottom of the channel. This also coincides with the 0.618 Fibonacci retracement. Once the Bitcoin price is back at $31,000, the crypto analyst believes that accumulation would begin at this key zone. This will then serve as the important level that will drive the start of the next major bull cycle.

Bitcoin price started a recovery wave above the $105,000 zone. BTC is now consolidating and might attempt to clear the $106,500 resistance. Bitcoin started a recovery wave above the $105,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $105,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it breaks the $104,000 support zone. Bitcoin Price Restarts Increase Bitcoin price started a fresh decline and traded below the $102,500 support zone. BTC even traded close to the $100,000 zone before the bulls appeared. A low was formed and the price recovered above the $103,500 resistance. The bulls even pushed the price above the $105,000 resistance. A high was formed at $106,426 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $100,400 swing low to the $106,426 high. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $105,350 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $106,200 level. The first key resistance is near the $106,500 level. The next key resistance could be $107,600. A close above the $107,600 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $106,200 resistance zone, it could start another decline. Immediate support is near the $105,200 level and the trend line. The first major support is near the $103,500 level and the 50% Fib retracement level of the upward move from the $100,400 swing low to the $106,426 high. The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,500 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $105,200, followed by $103,500. Major Resistance Levels – $106,200 and $107,600.

Pi Network members are becoming increasingly agitated after they found zero balances of their tokens in their wallets. They went through KYC verifications and switched to mainnet as directed. However, numerous users find nothing in their accounts. The problem has caused a wave of complaints on the internet and a call for concrete explanations. Users Report Missing Pi Balances According to community reports, hundreds of posts show zero tokens even after following every step. Some users say they waited days. Others say they’ve waited weeks. All of them finished KYC and locked in their accounts on mainnet. Yet their wallets still read “0.00 Pi.” The lack of visible tokens has left many feeling shut out. Wallet Confusion Deepens Concern Based on reports, some accounts now link to more than one wallet address. That has users scratching their heads. One person found two wallets under the same profile. Another spotted three. It’s raising questions over how safe the system is. Users are worried they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi Coins Blockchain data shows that the Pi Foundation’s wallet ending in “ODM” transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the same address happened today. According to on-chain records, weekly withdrawals of large amounts have taken place from OKX exchange. The purpose of these moves remains unexplained by the Pi Core Team. Community Demands Clear Answers Community members note it’s been three months without a detailed update from the project’s leaders. They want dates, explanations, and plans. Some posts urge the team to post a public timeline. Others demand live Q&A sessions. The calls are loud enough to push the topic onto the trending list on social media. Team Issues Wallet Safety Tips Pi Network’s support channels recently posted a list of wallet safety tips. They discussed good practices for passwords and how to identify phishing. But they failed to address why tokens are concealed. The tips also failed to discuss the sudden emergence of numerous wallets per user. What Happens Next Based on user feedback, the project will likely face pressure in the coming days. Some community members say they will pause mining until they see their balances. Others say they’ll shift their attention to rival projects. Nothing has been confirmed by the Pi Core Team beyond the safety note. It remains unclear when users will see their Pi tokens or receive a full breakdown of those massive transfers. The situation will be one to watch as the network works to rebuild trust. Featured image from Unsplash, chart from TradingView

Over the past few weeks, the Ethereum price has struggled to maintain its bullish momentum from early May. The altcoin has been stuck within a consolidation range, jumping between the $2,500 and $2,700 region. While the Ethereum price sat mostly above the $2,600 level throughout the past week, a market-wide downturn saw the altcoin’s value fall toward $2,400 on Friday, June 6. While the price of ETH has not fully recovered yet, it has at least managed to reclaim the $2,500 level over this weekend. Binance Realized Price Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain analyst with the pseudonym Crazzyblockk revealed that the Ethereum price exhibited an interesting reaction around the $2,392 price level on Friday. The crypto pundit noted that this reaction is not random, as it occurred at a significant on-chain level — the realized price of Binance user deposit addresses. The relevant indicator behind this on-chain observation is the ETH Realized Price metric, which tracks the average cost basis of holders across different cohorts, including the Binance User Deposit Address, OKX User Deposit Address, Addresses Frequently Received From CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices across these cohorts, with that of the Binance User Deposit Address standing around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently Received from CEX at $2,532; and Highly Active Addresses with a realized price of $2,513. As seen during the latest dip, the $2,392 realized price represents a major on-chain support level, as it is the cost basis of several Binance user deposit addresses. “The market’s bounce from this level highlights the impact of Binance user behavior on ETH’s current price structure,” Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average realized price across all the highlighted cohorts, an important detail should not be overlooked — Binance’s influence on the general market. The crypto pundit explained that Binance holds the highest ETH reserves among all centralized exchanges and has strong dominance in ETH on-chain movement. For this reason, the analyst inferred that the realized price of Binance user deposit addresses ($2,392) is a crucial level to watch in ETH’s market structure. As a result, this level should be considered whenever financial decisions on Ethereum are about to be made. Finally, most investors would be in profit if Ethereum’s price stays above $2,500, thereby relieving the market of downward pressure, as investors are less likely to sell when in profit. On the flip side, a drop below $2,500 could result in a wave of unrealized losses for the altcoin’s holders, potentially triggering a sell-off and, consequently, an increase in downward pressure. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% jump in the past 24 hours.

Based on reports, a long-dormant Bitcoin whale made a surprise move this week, snapping up 250 BTC for about $26.37 million. It’s the first time this wallet has shown activity in two years. The purchase has stirred talk among traders and on-chain analysts alike. Some see it as a sign that big players are getting ready for more action in the weeks ahead. Whale Returns After Two Years According to Lookonchain data, the same whale pulled 500 BTC out of Gemini back in 2022 when Bitcoin was trading near $27,400, a move worth nearly $14 million at the time. Now, with BTC hovering around $105,000, the whale’s holdings sit on an unrealized gain of over $39 million. That kind of profit margin grabs attention. Other large holders often watch these moves closely. They wonder if this is the start of a wider trend or just one wallet’s play. Big Gains On Early Bet Early adopters have seen massive upside in Bitcoin over the years. This whale’s 2022 withdrawal came just before a multi-year price boom. Since then, Bitcoin has climbed nearly 300%. Not everyone can make moves like that. Small investors often feel left behind when a wallet this size shifts coins. Still, some traders say it can create a ripple of optimism. When big holders buy, retail traders sometimes pile in, chasing the same gains. Technical Indicators Show Mixed Signals On the charts, BTC seems to be shaping an inverse cup-and-handle pattern with a significant neckline at $100,800 serving as major support. The price has fallen into the handle stage, and a dip below $100,800 could propel Bitcoin to $91,000, which coincides with its 200-day exponential moving average (EMA). Bitcoin’s relative strength index (RSI) is 52, indicating the bullish momentum is fading. A fall below 50 could introduce additional selling pressure. For the bulls to regain control, BTC must recapture the 20-day EMA resistance, which is just above $105,000. Market Volatility And Liquidations There were some wild price movements last week fueled in part by social media battles between US President Donald Trump and billionaire Elon Musk. The price of bitcoin fell below $101,000 for a moment, causing close to $1 billion in liquidations across futures markets, before recovering to above $105,000 within hours. The miner capitulation signal was also detected by CryptoQuant’s Hash Ribbons indicator, pointing to near-term pain for worse-off miners, but some potential rallies ahead once they pulled through. Featured image from Unsplash, chart from TradingView

The price of Bitcoin has been in a good recovery form since succumbing to the bearish pressure from the ongoing feud between United States President Donald Trump and Elon Musk. The premier cryptocurrency climbed above the $105,000 mark in the early hours of Saturday, June 7. According to the latest on-chain data, the Bitcoin price looks set to continue its upward trajectory over the next few days. What Negative Leveraged Traders’ Sentiment Means For Price In a new post on the X platform, data analytics firm Alphractal shared fresh on-chain insights into the recent movement of the Bitcoin price. According to the market intelligence firm, the major catalyst of BTC’s latest recovery is the sudden shift in the market sentiment. This on-chain observation is based on the Leveraged Traders’ Sentiment, which tracks the outlook or positioning of leveraged traders in the market. It provides insight into the kind of bets (longs or shorts) that leveraged traders are placing in the crypto market and the funding rates of the derivatives market. Data from Alphractal shows a rising interest in opening short positions in the Bitcoin market, with most retail traders betting on a price decline. Ultimately, this on-chain trend suggests that the sentiment in the Bitcoin derivatives market is currently bearish. However, Alphractal noted that this kind of behavior might not be as straightforward as it looks, as the market historically tends to move in the crowd’s opposite direction. Hence, when several traders are betting on a Bitcoin price decline, the flagship cryptocurrency tends to witness a contrasting market bounce. Alphractal said: When sentiment becomes excessively bullish or bearish, the market tends to do the opposite. Therefore, this metric is not just a sentiment gauge — it’s also a warning signal for potential contrarian moves that often catch traders off guard. According to the analytics firm, this is exactly what is currently happening in the Bitcoin market, with the market leader bouncing back despite the negative traders’ sentiment. Interestingly, if these leveraged traders continue to bet against Bitcoin, the BTC price could potentially ride this fresh bullish momentum to a new all-time high. Bitcoin Price At A Glance As of this writing, BTC is valued at around $105,700, reflecting an almost 2% increase in the past 24 hours. Following the latest resurgence, the premier cryptocurrency is now up by more than 1% on the weekly timeframe.

A group of Republican lawmakers have introduced a bill to initiate the first comprehensive audit of US gold reserves since the 1950s, citing the need for greater transparency over the nation’s bullion holdings. The legislation, titled the Gold Reserve Transparency Act of 2025, was introduced Friday by US Congress member Thomas Massie (R-KY), alongside Troy Nehls (R-TX), Addison McDowell (R-NC) and Warren Davidson (R-OH) as co-sponsors. If passed, the bill would require the Government Accountability Office (GAO) to conduct a full physical assay and inventory of America’s gold holdings within one year. It also mandates disclosure of all gold-related transactions over the past 50 years, including loans, leases, swaps, encumbrances, purchases and sales. “The American people deserve to know whether the gold reserves are where they should be and whether they are being managed properly,” Massie said in a statement. The US currently holds more gold in its reserves than any other nation at approximately 8,133 metric tons, according to Treasury Department data. The largest portion—more than 147 million ounces—is stored in Fort Knox, Kentucky. The remainder are held at West Point, the Denver Mint and the Federal Reserve Bank of New York. Earlier this year, US President Donald Trump called for a visit to Fort Knox to verify that America’s gold reserves are still intact. The Treasury, meanwhile, has maintained that an annual audit is performed, and all gold is “present and accounted for.” ‘Full disclosure’ The Gold Reserve Transparency Act proposes that similar audits be repeated at least every five years to ensure ongoing transparency and prevent lapses in record-keeping. It would provide “the full disclosure President Trump seeks,” Massie wrote on his X account. The bill’s introduction comes a day after the viral social media clash between Trump and his former advisor Elon Musk, who first floated the idea of livestreaming a Fort Knox gold audit in February. Proponents of the measure contend that independent oversight will help restore confidence in US financial stability amid growing global demand for gold and persistent conspiracy theories questioning the integrity of Fort Knox. “The lack of proper audits of America’s gold is highly alarming and totally unacceptable — such shoddy procedures would never pass muster in the private sector,” stated Stefan Gleason, CEO of Money Metals Depository, in support of the bill. “It’s been literally decades since actual inventories and assays have been conducted with respect to US gold reserves, and the Department of the Treasury has lost records, as well as failed to account for many occasions when vault compartments were inexplicably opened and resealed without new audits,” Gleason added. Still, the proposal faces an uncertain future in the Senate, where Democrat backing would likely be required. If passed, the GAO would embark on its audit within a year and institutions would face recurring reviews thereafter.

The crypto project Conflux Network (CFX) is cooking again, and this time it does not look like some random pump. CFX is riding on recent burns, staking, and fresh collab news in Asia. Meanwhile, President Trump and President Xi had a phone call on the 5th of June. It was 90 minutes on, and it looks like a lot of alpha has been dropped. The market reacted bullish to what Trump said afterwards. CFX: China’s Crypto Blockchain is Back in the Game Conflux (CFX) is a Layer 1 blockchain known for its hybrid design. Both PoW and PoS and Tree-Graph consensus enable fast and scalable transactions. It is the leading regulated and approved chain in China, making it the most desirable through Chinese initiatives. It is EVM-compatible and cross-chain, growing through many Asian partnerships. CFX blends real-world use case with geopolitical narrative, giving it some serious potential. And with President Trump’s plans to make the U.S. the world’s crypto capital, we can clearly see how China can follow. When we stack everything, this can lead to some very serious fuel for the crypto market to explode. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways CFX crypto project consolidating for another push. Trump & Xi phone call moving markets. What is the future of crypto? The post Trump And Xi Drops Alpha: Why is Crypto CFX Pumping? appeared first on 99Bitcoins.

Bitcoin prices have returned above $105,000 in the past 24 hours following a sharp price decline on Thursday triggered by macroeconomic pressures. Notably, US President Donald Trump and former political ally Elon Musk had engaged in a public spat which spiked the volatility in a crypto market already undergoing a corrective phase. Amidst some level of renewed stability in the last two days, popular analytics firm Glassnode has now shared an important on-chain analysis highlighting the presently key price levels in the Bitcoin market. Bitcoin Ready For Breakout As Traders Eye $114K And $83K Levels In an X post on June 7, Glassnode provides an insight on potential Bitcoin price action using the Short-Term Holder (STH) cost basis model, derived from the Work of Cost (WOC) price framework. As the name implies, the STH cost basis represents the average purchased price of all coins belonging to short-term holders i.e. investors who acquired their Bitcoin within the last 155 days. The STH cost basis is an important market metric as it reflects the risk appetite of newer market participants who are typically the most reactive to price change. It is also a strong indicator of market sentiment with an ability to act as resistance or support depending on the price direction. According to the data by Glassnode, the current Bitcoin STH cost basis is estimated at $97,100. Using standard deviation bands in this WOC model, Glassnode has further identified the $114,800 price level as the +1STD level of this cost basis and a potentially heated market zone. Considering Bitcoin’s price, this $114,800 price zone represents the next major resistance, a break above which is expected to trigger a massive buying pressure and push the premier cryptocurrency further into uncharted price territory. Glassnode’s WOC model also identifies the -1STD level at $83,200 to represent a critical support zone in the present bullish structure. A decisive price fall below this level would signal market weakness and is likely to cause a cascade of liquidations and further price corrections. Bitcoin Price Overview At the time of writing, Bitcoin trades at $105,745 reflecting a 1.07% gain in the last 24 hours. Meanwhile, the asset’s daily trading volume is down by 34.27% and valued at $38.66 billion. Provided Bitcoin continues to consolidate above the STH cost basis at $97,100, there is a valid chance for a market bullish push towards resistance at $114,800. However, a loss of the critical support at $97,100 would points to a retest at $83,200 which holds strong potential bearish consequences.