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Ethereum price started a fresh increase from the $2,470 zone. ETH is now facing resistance near the $2,650 and $2,660 levels. Ethereum started a fresh increase above the $2,500 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it trades below the $2,545 support zone in the near term. Ethereum Price Faces Resistance Ethereum price started a decent recovery wave from the $2,470 zone, beating Bitcoin. ETH price was able to climb above the $2,500 and $2,540 resistance levels. The price cleared the 50% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. However, the bears seem to be active below the $2,660 resistance zone. The price is again moving lower below the $2,600 level. There was a break below a short-term rising channel with support at $2,580 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,540 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,660 level. It is near the 61.8% Fib retracement level of the downward move from the $2,788 swing high to the $2,470 low. A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone or even $2,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,545 level. The first major support sits near the $2,500 zone. A clear move below the $2,500 support might push the price toward the $2,470 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $2,545 Major Resistance Level – $2,660

Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and facing hurdles near the $107,000 zone. 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 connecting bullish trend line forming with support at $104,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $107,000 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price started a fresh decline and traded below the $105,500 support zone. BTC even traded below the $105,500 level and tested the next support at $103,200. A low was formed at $103,200 and the price is attempting a recovery wave. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. The price even cleared the $105,000 resistance. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $104,050 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $106,850 level. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. The first key resistance is near the $107,000 level. The next key resistance could be $107,800. A close above the $107,800 resistance might send the price further higher. In the stated case, the price could rise and test the $109,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,000 level and the trend line. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $105,000, followed by $104,000. Major Resistance Levels – $107,000 and $107,800.

Dogecoin is probing its most-contested price shelf of 2025, and two respected technicians— Cantonese Cat (@cantonmeow) and ANBESSA (@Anbessa100)—have reached the rare point where their short-term and high-time-frame road maps overlap almost perfectly. Dogecoin Just Hit Its Make-Or-Break Zone Cantonese Cat’s daily chart, published late on June 2, highlights a turquoise demand band stretching from $0.1850 to $0.1950. That ribbon has flipped roles repeatedly since February: first cushioning the price action in late-February, and then capping March and April’s rebounds. After last week’s four-day decline, three successive bodies have closed inside the rectangle while intraday wicks penetrated its floor—forming what the analyst dubbed a “trident bottom”. As Cantonese Cat put it: “It’s not a tweezer bottom; it’s a trident bottom to test demand. Now let’s see if $DOGE forks it all up from here.” A daily close above the upper edge would re-expose the early-May breakdown gap at $0.1950–0.2150; a decisive slip beneath $0.1850 would bring the April low near $0.13 back into contention. Parabolic Curve Continues To Predict All-Time High ANBESSA’s one-day schema—also dated June 2—places the same price action in a fifteen-month context. The chart begins with the September 2024 spot entry at roughly $0.09 and follows an explosive rally that carried Dogecoin 413% higher, a move annotated as 0.3892 on the graph. What followed was a three-wave retracement that unwound 73% of that advance, then a counter-trend rally of 70.22% to $0.2597. From ANBESSA’s perspective, the current sell-off is a textbook correction to the 0.382 Fibonacci retracement of the entire move at $0.1412, intersecting both the rising parabolic guide-curve and the 99-day moving average (red). “Still perfectly in sync with my projection… a clean 80 % bounce, followed by a textbook throwback to the 0.5 fib and 99 MA Daily (parabola retest), exactly as projected. In a bull market, dips are made for buying,” the analyst wrote, adding the reminder to keep “HTF risk-management below POC.” Volume-profile bars on the right side of ANBESSA’s chart emphasise why both traders care so much about the twenty-cent neighbourhood: the point of control (POC) sits just above $0.20, framing the single deepest pocket of historical trading interest since 2024. Above that pivot, the next Fibonacci magnet is the 0.618 level at $0.2686, immediately followed by an ascending trendline near $0.28. Notably, this region is dense with resistance as another descending trend-line drawn from the December-January highs sits around $0.29-$0.30. A successful break of this zone would project to the heavy‐volume shelf at $0.3498 and, further out, the 0.786 retracement at $0.4245. Conversely, failure at the current confluence would expose the 0.382 retracement at $0.1412, with an intermediate control zone flagged on ANBESSA’s chart at $0.1625. Momentum is neutral for now: the Triple-MA ribbon (7-, 21-, 99-day) on ANBESSA’s chart has compressed, and daily RSI (not shown) hovers in the mid-40s. In other words, price alone will settle the debate. Cantonese Cat’s microstructure “trident” and ANBESSA’s macro-structure “throw-back” both place the battleground inside the same cent band. Whether Dogecoin has in fact printed its correction low will be revealed by what traders do— and just as crucially, where the next daily candle closes—in that $0.1850–$0.1950 corridor. At press time, DOGE traded at $0.196.

Ethereum pushed above the $2,600 mark yesterday, signaling renewed momentum, but the rally lost steam as broader market uncertainty capped further gains. Despite this, ETH remains resilient, holding above critical demand levels that have supported its recent uptrend. Investors and analysts alike are watching closely, as Ethereum’s strength could be the catalyst that kicks off the long-anticipated altseason. The broader crypto market remains in a cautious state due to macroeconomic volatility and shifting investor sentiment, but Ethereum’s ability to stay above $2,500 has helped maintain bullish conviction. Many are now eyeing the $2,650 level, which has historically acted as a barrier for upward moves. Top analyst Daan shared a technical analysis noting that ETH is currently pushing into a key resistance area around $2,650. If Ethereum can flip this zone into support, it could open the door for a more aggressive breakout and broader altcoin rally. While risks remain, the overall setup is increasingly favorable for Ethereum bulls, especially if Bitcoin stabilizes and global conditions don’t deteriorate further. The coming days may be pivotal in determining whether ETH can overcome this resistance and lead the next phase of the market cycle. Ethereum Faces Make-Or-Break Level As Speculation Builds Ethereum is once again trading at a pivotal level as the market eyes a potential breakout that could ignite an altseason. After months of underperformance marked by heavy selling pressure and limited upside, ETH has begun to show renewed strength. Bulls have defended key demand zones, and the recent consolidation around the $2,500–$2,600 range is now viewed as a launchpad for higher prices. Despite persistent global tensions, particularly US-China trade friction and rising Treasury yields, ETH has shown signs of resilience. Investors remain optimistic that Ethereum could soon outperform, especially as Bitcoin dominance shows signs of peaking. The long-anticipated shift in capital from BTC into altcoins may be near, and Ethereum is positioned to lead the charge. Daan highlighted Ethereum’s 4-hour chart, pointing to resistance around the $2,650 level as a crucial short-term hurdle. The chart reveals ETH grinding higher but unable, so far, to reclaim the level decisively. Should Ethereum successfully flip $2,650 into support, it would open the path toward $2,700 and potentially spark a bullish continuation. For now, bulls remain in control, but Ethereum needs to break through overhead supply to confirm the start of a new leg up. A decisive move above $2,700 could serve as the catalyst for both ETH and the broader altcoin market, marking a major sentiment shift across the crypto landscape. ETH Price Analysis: Rebound Gains Traction Ethereum is currently trading at $2,604 on the 4-hour chart after rebounding from a local low near $2,500. This recovery places ETH back above its 34-period EMA ($2,566) and all major short-term SMAs (50, 100, and 200), which suggests short-term bullish momentum is returning. However, price is still facing heavy supply just below the $2,650 resistance area, a level that has repeatedly rejected upward moves throughout the past month. The chart shows a clear horizontal range forming between approximately $2,500 and $2,700, with ETH unable to break either end decisively. Volume has remained relatively stable, indicating no strong conviction from bulls or bears yet. The recent bounce, though, marks a higher low, which could hint at a potential trend shift if followed by a higher high. As ETH approaches the upper bound of this range again, traders should monitor for a breakout above $2,650, which would confirm bullish continuation. Failing to clear this resistance could lead to another rejection back to $2,500 or the 200 SMA near $2,380. For now, Ethereum remains in consolidation mode, but price action is tilting slightly in favor of the bulls as long as support holds. Featured image from Dall-E, chart from TradingView

Log in to today's North American session recap - June 3, 2025 The North-American session closes on a positive tone, with the Forex picture looking like a mirror of yesterday's session - the US Dollar is on top of majors today. Indices in the US close green with the Russell 2000 up over 1.60% followed by the Nasdaq (+ 0.70%). Decent data got released today with as JOLTS beat expectations with a 7.391M report (vs 7.200 Expected) adding 191,000 new job openings. The S&P 500 is also closing less than 30 points from the 6,000 Milestone, which may be achieved before the NFP release if the risk-on tone is maintained. This is only one of the themes of the current action in markets as the Trump Taco is being priced in - Tariffs on Chinese imports got pushed back again 2 days ago until the 31st of August, with indices throughout the globe rallying on the news. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

The Ethereum price action is raising red flags among analysts, with technical indicators pointing toward a potential crash to the $2,000 level. Despite experiencing a significant uptick recently following Bitcoin’s price surge, concerns continue to grow that a deeper correction may be unfolding. Ethereum Price Crash To $2,000 Imminent Based on a new report by Master Ananda, a TradingView crypto analyst, the Ethereum market is flashing warning signs as its price struggles below the critical resistance zone. At press time, Ethereum is trading at approximately $2,605 after being rejected from a local high of around $2,788. Ethereum’s 4-hour chart presented by Master Ananda shows that the top altcoin has likely completed a short-term top, and now a corrective move is in play. The analysis hints at a looming price crash, with technical forecasts suggesting a retracement toward the $2,000 level or lower before the next bullish impulse. The analyst’s bearish continuation thesis appears to be a high-probability setup, with Ethereum expected to revisit lower Fibonacci retracement levels. Notably, the chart reveals a subtle bearish divergence forming as the price pushed slightly higher in May but with diminishing momentum. This, in turn, created a rising resistance line while volume and price action failed to confirm new highs. Noticeably, Ethereum’s price has since broken below the 0.230 Fibonacci level, signaling the possible start of a broader correction phase. The next probable support areas lie at $2,280 (0.382 Fib), $2,085 (0.5 Fib), and most significantly, the $1,900 price point at the 0.618 Fib Retracement level. The highlighted green zones in Master Ananda’s chart represent potential support and buying areas, which point to the $1,900 to $1,735 (0.618-0.786 Fib) range as the most likely zone for a higher low to form. The previous major low occurred on April 7, and the expectation is that this correction will end above that level. Until then, a short-term correction remains the most likely scenario, and traders are warned to take caution as the chart further highlights a possibly more resounding crash to $1,385. ETH Trade Strategy: Buy The Dip And Go Long While sharing his bearish thesis for Ethereum, Master Ananda also provided a clear strategy for investors and traders. He advised long-term holders to wait patiently for the projected drop and assess the support reaction before looking for clear reversal signals. Buying into support zones like $1,900 or even as low as $1,736 could provide optimal entry points for long-term positions. While bears may still attempt to short the market, Master Ananda assures that the downside remains limited. The analyst emphasizes the importance of planning and avoiding impulsive trading by creating ideal entry and exit points while respecting the prevailing market trend. With Ethereum’s bullish outlook still intact, this projected price crash could become an opportunity for many traders instead of a threat.

When Barrick Gold took over Randgold in 2019, its marketing dropped Gold from the name to reflect wider interests like copper and appeal to new investors. But it didn’t bother to change its registered moniker. Gradually, the Gold crept back in. Now, the Gold has been guillotined, like a statement Barrick Mining (TSX: ABX; NYSE: B) means business this time. “Most of the gold companies sort of have grasped at the opportunity to talk about copper,” CEO Mark Bristow said in an interview with MINING.COM‘s sister publication, The Northern Miner in May. “But we actually pointedly said, ‘if you really want to be a big player in the gold business, it makes a whole lot of sense to focus on these big assets.’” And so it is. Barrick is developing the $9-billion (C$12.5-billion) Reko Diq gold-copper project over two stages in Pakistan for 2028 output and spending $2-billion to double the Lumwana copper mine production in Zambia. Projects that aren’t big enough may face the chopping block, like part of its name. Selling the Tongon mine in Cote d’Ivoire is well advanced, the CEO said. Another candidate, despite the company’s surging interest in the red metal, is Barrick’s stake in the Zaldívar copper mine in Chile. The 50-50 joint venture with Antofagasta (LSE: ANTO) that produced 80,000 tonnes of cathodes last year is said to be for sale, according to Bloomberg. Like Hemlo Officials approved Zaldívar’s environmental impact assessment early this year, extending the mine’s life to 2051. Bristow sidestepped a question on whether Zaldívar is for sale, only saying the team is focused on achieving a new mining licence. But the work at Zaldívar resembles how Barrick prepped the Hemlo mine in Ontario before putting a “For Sale” sign on it in May. Upgrades and drilling over the last three years expanded Hemlo’s pit and gave it a 10-year mine life, though its production remains short of Barrick’s tier one hurdle, the CEO said. “It’s one of those assets that, if you work hard at it, it continues to deliver,” he told a May conference call. “But it’s at a stage where we can defend its viability, and it will be an attractive asset for a mid-sized mining company.” Hemlo is Barrick’s last mine in Canada. And the company has mulled about moving its primary stock listing to New York from Toronto. Bristow says he’s aware of how these issues tug at sentiments about industry legend Peter Munk founding Barrick in Canada 40-odd years ago, all amid an “elbows up” attitude now among Canadians eager to defend their country. “The last thing we want to do is offend anyone and remember, these things are moments in time,” he said in the interview, referring to frosty U.S.-Canada relations. “We’ve participated as a major Canadian player in the economy.” Barrick CEO Mark Bristow at the company’s Toronto headquarters in May. (Credit: Colin McClelland) Norris drilling The sale “has no bearing on our commitment to Canada,” Bristow told the conference call. The company has started a “significant” drill program at the Norris project in the southern Abitibi region in Ontario. It’s assembling property and drill permits for the Sturgeon Lake project 270 km northwest of Thunder Bay near the historical volcanogenic massive sulphide Mattabi and Lyon Lake mines. “We’re exploring some of the gaps between known deposits, but situated on the same big trans-crustal faults, both linked to the big historical gold deposits,” Bristow said in the interview at Barrick’s headquarters in Toronto. “The problem in Canada is that it’s been largely prospected,” he said. “To do really big exploration, like we do in other parts of the world, you need big land packages, and that’s really hard to get.” Challenges are more acute in Mali where the junta is trying to get local court approval to take over the Loulo-Gounkoto mine. Barrick suspended operations in January at a cost of $15 million a month in upkeep and $1.24 billion a year in lost revenue after the government seized $245 million in gold and four local employees. There appeared to be a $440-million deal, but talks are stymied by the regime’s lack of mining expertise, Bristow said. Back in North America, Barrick is focused on advancing the now feasibility-stage Fourmile project in Nevada with 16 drill rigs and baseline studies for permitting. Eventually it is to join the joint venture with Newmont (TSX: NGT; NYSE: NEM), Nevada Gold Mines, on Barrick’s list of tier one assets. Donlin sale In Alaska, Barrick sold its half-stake in the Donlin mine – a non-core asset that the CEO said couldn’t compete with Fourmile for capital spending – to hedge fund billionaire John Paulson and Novagold Resources (TSX: NG) for $1 billion in April. Bristow said Barrick would use the money to strengthen its balance sheet, buy back shares and boost the dividend. The CEO sees the Trump administration helping mining by shortening timelines so projects can avoid litigation, and he appreciates similar efforts in Canada to consolidate approvals among different provincial and First Nations criteria. “There’s a real effort to streamline that process because it attracts capital easier,” he said. “You’ve got the flow-through shares on juniors, but when you’re attracting big capital, it’s nice to be able to be more clear about the actual permitting growth.” Attracting capital also concerns the name change. It’s about broadening the type of investor that buys gold company stock from specialists or short-term holders, Bristow said. “The real gap that we’ve got in our industry is a lack of generalist investors and we want to attract those,” he said. “As you lengthen your life of mine, generalists start looking at it because you can look at a business that goes past what most investors are comfortable with.” Financial markets Yet the worrisome scenarios of high inflation and tariffs gripping most investors in financial markets these days are of less concern to Bristow. The company doesn’t need the market, he says. Barrick hasn’t had to use financial markets to raise money because it’s watched its balance sheet, sold non-core assets like Hemlo and Donlin, invested in tier one assets and lengthened their mine lives. “We are not beholden on the market to make us more profitable or less profitable. It’s all in our hands,” he said. “The copper price is intriguing, because if you look at the market now, it’s not the perfect storm for a copper price rise, but the copper price is showing strength.” The red metal has rebounded from a fall after April 2 – President Trump’s “Liberation Day” – jumping this week on new tariff threats to $4.84 a pound. While gold is trading well above its historical incentive price, copper remains just over the economic threshold, with current prices only recently clearing the bar for many new projects. Reserves replenished But Bristow isn’t looking for new projects. He says the company has added 111 million gold-equivalent oz. of reserves since 2019 at a cost of $10 per gold-equivalent oz. compared to mining M&A deals averaging over $440 per ounce. While gold was the initial exploration target at Reko Diq, the company soon realized the potential of a large copper-gold porphyry system. The project has proven and probable reserves of 8 billion tonnes grading 0.9 gram gold per tonne for 81 million contained ounces; and 3.9 billion tonnes grading 0.46% copper for 18 million tonnes contained metal. Reko Diq turned out to be one of the world’s largest undeveloped copper-gold deposits. The scale and grade of the copper-gold system were greater than originally expected, which was a fortunate outcome. “The one good thing about any business is luck,” Bristow said. “You can’t claim good luck as good business, but you can benefit from it. The real screw up is when you have good luck as a business and you can’t capitalize on it.”

MTM Critical Metals (ASX: MTM; OTCQB: MTMCF) announced Tuesday it has achieved 98% recovery of antimony from US electronic waste, extracting 3.13% Sb from printed circuit board feedstock. The Australian company, whose US, Houston-based subsidiary Flash Metals USA, is commercializing its proprietary Flash Joule Heating (FJH) technology to recover critical metals and gold from E-waste. Last month, MTM secured a pre-permitted site in the US Golf Coast petrochemical corridor in Chambers County, Texas, as its first facility. The tested feedstock — the same urban waste material from which MTM previously reported ultra-high-grade gold, silver, and copper recoveries — highlights the untapped value of complex e-waste streams, MTM said. The tested material — sourced from U.S.-origin printed circuit boards — had undergone upstream thermal processing to remove plastics and volatiles, yielding a concentrated, metal-rich carbonaceous residue. This “urban ore” contained 3.13% antimony, a grade more than three times higher than some of the world’s largest primary deposits, including China’s Xikuangshan, and significantly above the global mined ore range of 0.1–1.0% Sb, MTM said. These results, the company said, directly support US efforts to re-establish domestic refining capacity. MTM said it has already secured over 1,100 tonnes per year of e-waste feedstock under long-term agreements with U.S. suppliers, which provide a strong foundation for commercial deployment. “This result demonstrates the strong technical and commercial potential of our FJH process for recovering strategic metals from e-waste,” MTM CEO Michael Walshe said in a news release. “Achieving 98% recovery of antimony at over 3% grade, from domestic urban feedstock, is particularly significant given the U.S. currently has no meaningful domestic Sb production,” Walshe said. “With antimony designated as a critical metal by both the DoD and DoE, these outcomes reinforce MTM’s ability to contribute to onshore supply solutions for high-priority metals.” Walshe also said the company is engaging with US government agencies, including the DoD and DoE, regarding potential funding to support domestic critical metal recovery.

Crypto analyst Wise Crypto recently turned the spotlight on BNB, noting in a post on X that the asset is approaching a critical technical juncture. According to his analysis, the weekly chart is coiling up with increasing pressure against the key resistance zone around $670, a level that has historically acted as a formidable ceiling. This repeated test of resistance has drawn heightened attention from traders, watching for a potential breakout. The BNB Breakout Blueprint According to Wise Crypto, BNB is currently hovering just below the long-standing resistance zone near $670. He noted that market activity is intensifying, with volume beginning to rise, a signal that momentum may be building behind the scenes. As price continues to coil beneath this significant barrier, pressure is mounting, and a decisive breakout could catalyze a powerful upward move. Wise Crypto outlined several potential targets for BNB if it manages to break above the key resistance zone. The initial target is approximately $710, representing the next significant resistance level that will test the durability of the rally. This price point may act as a stepping stone for further gains, providing early confirmation that the breakout is gaining traction. If buying momentum remains strong, the second target of $742 comes into focus. Beyond that, Wise Crypto highlights a possible retest of BNB’s all-time high around $800 as the ultimate goal. While ambitious, this target could be within reach if the breakout is backed by robust trading volume and continued bullish enthusiasm from the market. Confirmation Signals To Watch In conclusion, the analyst stressed that this is not merely a random price surge but a move supported by strong technicals and fundamentals. Binance’s sustained dominance in the crypto space, along with BNB’s key role in its ecosystem and increasing real-world utility, all point toward a lasting and meaningful upside for the token. A weekly close above the $670 resistance zone would act as a major confirmation that bullish momentum is taking hold. Such a close would suggest that BNB is ready to break free from historical ceilings and open the door for further gains. Volume trends will also play a crucial role. A breakout accompanied by a strong increase in trading volume would provide the “rocket fuel” needed to propel BNB higher. Lastly, holding above the $710 mark is essential, as this level represents an acceleration zone where buying pressure could intensify and push BNB toward even higher targets. These factors combined will be key indicators for traders looking to capitalize on the next move.

US Indices, which have started the day mixed, have appreciated this morning’s JOLTS report. The data came out better than expected, with 7,391M Job Openings vs 7,200 Expected, a rise of 191,000 on the month. This data set is still proving the strength of US Data amid geopolitical uncertainties. Sentiment is positive throughout markets as gold did not maintain yesterday’s momentum, and indices are green all around. Let’s look at the S&P 500 intra-day charts, as prices are less than 30 points from the 6,000 level. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Boasting a remarkable gain of 5.38% yesterday, silver prices have retraced somewhat in today’s session, owing to natural profit-taking and better-than-expected US labor data. XAG/USD currently trades around ~34.55350 per troy ounce, down -0.60% for the day. XAG/USD: Key Takeaways Failing to find support around ~99.131, a weaker U.S. dollar (DXY) made way for massive silver gains in yesterday’s session, representing the metal’s best daily performance since October of last year Silver has retraced from its highs in today’s session as markets look to secure profits alongside a positive JOLTS report, beating consensus by 290,000 million job openings XAG/USD: Technical analysis As of June 3rd, silver has had its best year-to-date performance in over five years, aside from 2024. If it can break previous yearly highs around ~34.86900, silver will trade at its highest level since 2011 during the height of the Euro sovereign debt crisis If price remains above 33.02574, we can expect silver to stage a move higher. Bulls will first aim to take out previous highs, then aim towards $36 per troy ounce, representing the next level of daily resistance Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Tom Lee, Fundstrat’s head of research, says Bitcoin could climb to $250,000 by the end of 2025. According to an interview on CNBC’s Squawk Box today, Lee pointed out that Bitcoin recently dipped from its all-time high of $111,970 down to about $104,000. He still thinks that the market is holding up around that level. Lee’s Short-Term Outlook Lee told Squawk Box’s host Joe Kernen that 95% of all Bitcoin—about 19.80 million coins—has already been mined out of a maximum of 21 million. That leaves roughly 1.13 million coins waiting to be produced. He sees that as a tight supply setup. He also noted that while nearly all Bitcoin exists, 95% of the global population does not own any. Based on reports, that gap between supply and potential buyers could push prices higher in the months ahead. To reach $250,000 from around $104,000 now, Bitcoin would need to jump about 140%. Lee still believes it can hit $150,000 by December and could even stretch toward $200,000 to $250,000 if demand heats up. Supply And Demand Gap Lee highlighted the fact that most people in the world have not bought any Bitcoin. He said this creates an imbalance. On one side you have a nearly fixed supply. On the other, there may be millions of new buyers in the next 10 years. He explained that if even a fraction of those people decide to buy Bitcoin, the price could move a lot higher. Right now, only about 5% of all coins remain to be mined. That means new supply is slowing down fast. At the same time, more wallets, apps, and easy ways to buy could bring in fresh money. Lee thinks this mismatch is a big part of why Bitcoin could keep climbing. Long-Term Valuation Targets When asked about Bitcoin’s terminal value—meaning its price when all coins are mined by 2140—Lee said he expects it to match gold’s roughly $23 trillion market cap. That works out to at least $1.15 million per Bitcoin if there are 20 million coins in circulation. He chose 20 million instead of 21 million because assumed losses (lost keys, forgotten wallets) mean not every coin will ever be spent. Lee went further, saying he sees room for Bitcoin to hit $2 million or $3 million per coin. That would put his average “bull case” at $2.5 million, which is roughly a 2,300% rise from today’s levels. Other Analyst Projections VanEck’s head of digital asset research, Matthew Sigel, also has a long-range prediction. Based on what Sigel told investors, VanEck sees Bitcoin hitting $3 million by 2050. That forecast lines up with Lee’s idea of Bitcoin matching or even beating gold over time. Both calls assume steady growth in demand, plus wider use by big institutions like hedge funds or pension plans. Featured image from Gemini, chart from TradingView

Allied Gold (TSX: AAUC) is set to begin trading on the New York Stock Exchange starting Monday, June 9, after obtaining all regulatory approval. The stock will trade under the ticker symbol “AAUC” — same as its Toronto-listed shares. In a press release issued Tuesday, Allied said the NYSE listing approval “represents a significant milestone” that reflects the continued growth of its business. The Canadian gold miner currently operates three producing assets and development projects located in Côte d’Ivoire, Mali and Ethiopia. Together, they hold approximately 11 million oz. in reserves. In preparation for the NYSE listing, the company announced last month that it will consolidate its issued shares on a three-for-one basis. As of midday Tuesday, the TSX-listed shares traded at C$20.64 each for a market capitalization of C$7.1 billion. Once listed on the NYSE, Allied’s shares on the OTC market will cease trading.

First Quantum Minerals (TSX: FM) will spend approximately $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan. Roderick Gutiérrez, president of the Panamanian Mining Chamber, said the cost would be covered by selling copper concentrate stored at the site. The company currently has 121,000 tonnes of concentrate, though some has deteriorated after nearly two years of inactivity. Reprocessing the degraded material may not be economically feasible, Gutiérrez noted in an interview with local media. The care mine plan includes updated environmental and legal protocols and is expected to take six to twelve months to implement, depending on equipment conditions. Oversight will involve ten government agencies, including Panama’s Ministry of the Environment. Cobre Panamá, a $10-billion open-pit operation, was shuttered by presidential decree in late 2023. Before its closure, the mine accounted for roughly 5% of Panama’s GDP and generated about 40% of First Quantum’s annual revenue. Its shutdown has severely impacted both the company and the national economy. Current President José Raúl Mulino has expressed interest in renegotiating the mine’s future under a model that prioritizes national ownership. “Let’s be smart and get the most benefit as Panamanians from a mine we already have,” Mulino said in May. The President warned that fully closing the mine could take up to 15 years due to its scale and economic significance. The operation had supported tens of thousands of direct and indirect jobs. Before the forced halt of operations, Cobre Panamá produced more than 330,000 tonnes of copper and was on track to reach an annual throughput of 100 million tonnes by the end of 2024, placing it near the top of the world’s copper throughput ranking.

XRP’s price is now looking to break above $2.20 again after inching a few moves upwards in the past 24 hours. Notably, the cryptocurrency’s price action has seen a volatile movement over the past week. After briefly rallying above $2.65 earlier in May, XRP failed to sustain its momentum, instead trending downwards until it rebounded at $2.10 on the last day of May. Amid this backdrop of price action, there have been discussions around the timing for the next major price movement for XRP. A fresh outlook by a crypto analyst suggests XRP investors should pay attention to June 3 to June 6. Crypto Analyst Predicts Timeline For XRP Bottom And Breakout A crypto analyst known pseudonymously as WatersAbove has drawn attention to specific calendar dates that could play important roles in XRP’s short-term and long-term price trajectories. Taking to the social media platform X to share his outlook, the analyst suggested that June 4th to 6th could mark the bottom for XRP before there is any significant upside. However, aside from this bottom, what’s more important is the potential price manipulation that could take place within this period. According to the crypto analyst, this particular window between June 3 and June 6 will likely be characterized by market manipulation, as larger players may be attempting to shake out weak hands ahead of a more decisive rally. “In the meantime, watch out for this week ahead,” the analyst said. Although WatersAbove did not accompany the prediction with any technical chart, the confidence in his tone resonates among XRP investors who are closely watching these dates for signals of a bottom, as shown in the post’s comments. Straight Line Breakout To $10 For XRP What made the analyst’s prediction even more interesting was the projected price target and timing after the manipulation is over. According to the analyst, XRP could be on a straight-line trajectory to $10 by late July or early August, nearly a 5x move from current levels. This kind of breakout, if it occurs, would mirror XRP’s explosive run in Q4 2024 and also back in 2018. However, this time would require much more inflows that can be gotten from institutional backing. Interestingly, the analyst’s prediction is that the rally will start sometime around June 18 in a straight-line breakout manner. Although the prediction is bold, it’s not the first time such a target has been floated by long-time XRP supporters. According to a similar analysis by EGRAG CRYPTO, XRP is on the verge of a breakout to double digits in the coming months. Crypto analyst Dark Defender also highlighted a new wave structure that could send the XRP price towards the $18.22 to $23.20 price range in the short term. On the other hand, crypto analysts like Dr Cat (@DoctorCatX) are less bullish. Notably, the analyst’s technical analysis suggests that any bull run for XRP might be delayed until November 2025. At the time of writing, XRP is trading at $2.20, up by 1.63% in the past 24 hours. A surge to the analyst’s $10 price target would translate to a 350% increase from the current price.

While AUDCAD isn’t among the highest-volume pairs in Forex, it’s often in the lesser-traded instruments that sharp traders find unique opportunities. Commodities heavily influence the Australian and Canadian dollars, as both nations are major exporters. The AUD tends to react more to moves in industrial metals—especially copper—while the CAD is tied to oil price fluctuations. Beyond commodities, the currencies are driven by their respective economic ties: Canada is closely linked to trends in the U.S., whereas Australia is more sensitive to developments in China. In the absence of fresh geopolitical shocks, traders are focusing on central bank policy divergence and incoming economic data. On that front, the Bank of Canada paused its rate-cutting cycle at its last meeting after starting in June 2024. Its next decision is due Wednesday, June 4, and markets widely expect another hold, as the BoC remains in wait-and-see mode following the latest U.S. tariff changes. Meanwhile, the Reserve Bank of Australia kicked off its own cutting cycle in May 2025 with a 25 bps cut and signaled more may follow. This gives the pair a bearish tilt, though sentiment remains cautious until the economic impact of tariffs becomes clearer. Let’s dive into the charts and examine AUDCAD across higher timeframes, starting from the weekly view to the 4-hour chart. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Let’s get one thing straight right off the bat: I’m here to help you think about money the right way—not through emotion, but with wisdom, patience, and a long-term plan. Now, I get this question all the time: “Should I invest in gold?” And my answer is: Yes – but only if you’re completely out of debt, you have a full emergency fund, and you already have over $10,000 in your 401(k) and Roth IRA. Let me explain. Gold Is a Hedge—Not a Get-Rich-Quick Scheme Gold isn’t magic. It doesn’t pay dividends. It won’t skyrocket overnight. And that’s okay. Because gold isn’t meant to make you rich—it’s meant to help you protect what you’ve already built. When inflation rises, when the dollar wobbles, when the market takes a hit—gold tends to hold steady. That’s what we call a hedge. It’s like putting a storm shelter in your financial backyard: you hope you never need it, but if things go sideways, you’ll be glad it’s there. When the Dollar Goes Down, Gold Typically Goes Up One of the biggest threats to your money is inflation. That’s just a fancy way of saying your dollars buy less over time. You feel it at the grocery store, at the gas pump—everywhere. Gold, on the other hand, has held its value for thousands of years. While paper currencies have come and gone, gold has remained valuable through every crash, war, and recession. That kind of historical track record isn’t hype—it’s just truth. How Should Gold Fit Into Your Plan? Here’s the deal: I never recommend putting all your money into one place. That’s just asking for trouble. Diversification is a key part of building long-term financial peace. If you’re investing 15% of your household income, a small portion of that can go into gold— once your retirement accounts are taken care of. The key is this: gold should be a supplement, not the foundation. Think of it like seasoning on your steak—not the whole meal. What to Watch Out For There are a lot of people out there trying to sell you fear. “Buy gold before the dollar crashes!” or “Gold is your only protection!” Let me be clear: Fear is not a financial strategy. You don’t build wealth by panicking. You build it with discipline, patience, and common sense. So if someone is trying to sell you gold like it’s a miracle cure—run the other way. Instead, work with a trusted, reputable company like American Bullion, and only invest in physical gold you can hold—not leveraged accounts or gold-backed crypto schemes. Final Thoughts: Use Gold Wisely Gold won’t make you rich overnight, and it shouldn’t be your first step toward financial peace. But once you’ve got a strong foundation—no debt, an emergency fund, and solid retirement investments—then adding gold to your portfolio can be a smart move. It’s not flashy. It’s not risky. And that’s exactly why it works. Remember: You can’t out-invest stupidity. Stay focused. Stay patient. Build wealth the right way with the trusted team at American Bullion. The post Why Gold Can Be a Smart, Steady Investment first appeared on American Bullion.

Italy’s Mount Etna, Europe’s tallest and most active volcano, erupted this week in a spectacular display, sending plumes of ash and gas high into the Sicilian sky and captivating onlookers with one of its most dramatic outbursts in years. The eruption originated from the volcano’s southeast crater, where a combination of a white ash plume and a grey cloud, resulting from a crater collapse and subsequent avalanche, produced a powerful pyroclastic flow. While pyroclastic flows are highly dangerous due to their heat and mobility, the event occurred in an uninhabited area. Boris Behncke from Italy’s National Institute of Geophysics and Volcanology, told The Times that the episode, though visually striking, was relatively normal. Regional officials confirmed that lava flows remained within natural containment zones and posed no threat to the public. Civil protection authorities warned tourists to stay away due to potential eruption developments. Some residents and visitors were unnerved, especially by black smoke that followed the initial plume. Marked by intensifying explosions, the eruption represents the most significant Mount Etna has had in since 2014. The timing during Italy’s national holiday, Festa della Repubblica, meant that many tourists were present on the volcano’s slopes. Dramatic images and videos showed visitors running down the slopes while others casually observed and took photographs from nearby vantage points. Hidden riches beneath While eruptions like Etna’s can be disruptive, they also reveal the rich mineral composition of the Earth’s interior. Volcanic activity brings to the surface materials from deep within the Earth, offering scientists a unique opportunity to study the planet’s inner workings. Mount Etna’s lava is particularly intriguing. Unlike many of Italy’s volcanoes, which are formed by the subduction of the Ionian Sea beneath the country, Etna’s origins are more complex. Geochemists have found that Etna’s lavas are rich in magnesium and iron, elements typically found deep in the mantle, as well as potassium, which is more common in the crust. This unique composition suggests that Etna taps into both deep mantle sources and crustal materials, making it a valuable site for studying the Earth’s geology. Volcanic regions like Etna are known to be rich in various minerals and elements. Mount Erebus, one of the world’s most active volcanoes, is estimated to spew around 80 grams of gold into the frigid air of Antarctica on a daily basis, according to studies. The McDermitt Caldera, a large volcanic crater measuring roughly 45 km long and 35 km wide in southeastern Oregon and northern Nevada, is said to contain the world’s largest lithium reservoir inside an ancient supervolcano. READ ALSO: Iron-rich volcanoes may hold vast rare earth reserves, study finds How a lake and a volcano produced a rare mineral on Mars Mining brines from dormant volcanoes could provide battery metals, gold ‘Bubbly’ magmas may lead exploration teams toward untapped copper deposits

The picture for currencies today is the exact reverse of yesterday - with traders fading extremes and booking profits before events like the upcoming NFP. Safe-Haven majors like the CHF and JPY are lagging on the day with the USD leading, closely followed by the CAD - the Euro is right in the middle of the currency board down 0.55% on the day. The ECB Meeting is coming up on Thursday 5th of June with broad expectations of a 25 bps cut before pausing in the July meeting - taking the Deposit Rate from 2.25% to 2%. We will get the Rate Decision at 8:15. We got the overnight Eurozone Inflation report with the Headline CPI coming in just below 2% - the ECB will want to make sure to push these numbers up slightly, although the Central Bank probably has taken into account the lag for new inflationary boosts from Tariffs on exports to the US. Let’s take a look at the levels from Daily to Hourly charts to prepare for what’s next. close EURUSD 4H Chart, June 3, 2025. Source: TradingView /media/images/Screenshot_2025-06-03_at_11.04.32AM.width-1400.png EURUSD 4H Chart, June 3, 2025. Source: TradingView Prices just rejected the higher bound of the range and are now consolidating at the low of the upward channel. Broad USD strength seems to be more on a mean-reversal basis therefore I am not expecting to see much direction. Prices may try to test the MA 200 situated 300 pips from here therefore keep that one on your 1H charts. Momentum is close to oversold on the hourly timeframe - keep in mind that markets tend to fade extremes going into key data, and NFP will still be looming on Friday - keep a close eye on the language from the ECB on Thursday, the conference is at 8:45 A.M. on the 5th of June. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Graphite One (TSXV: GPH) surged on Tuesday after the company announced its mine project has been approved for listing on the US government’s FAST-41 dashboard, becoming the first critical minerals project in Alaska to obtain this status. FAST-41 is designed to streamline a project’s permitting process by improving federal agency coordination and timeliness of environmental reviews. The dashboard is set up to increase the transparency of procedures for agencies, thereby reducing the potential for delay and unpredictability in issuing permits. “The approval of Graphite Creek as FAST-41’s first Alaskan mining project is a major step for G1 and our complete US-based supply chain strategy,” said Anthony Huston, Graphite One’s CEO, in reference to the company’s large graphite deposit located in the Kigluaik Mountains of the Seward Peninsula. Shares of Graphite One soared 10.8% to C$0.92 apiece by 11:40 a.m. ET on the news, for a market capitalization of C$131.6 million. The approval follows Graphite One’s recent submission of a feasibility study (FS) on the project, which it completed 15 months ahead of schedule with support from the Department of Defense. The study outlined an annual production capacity of 175,000 tonnes in concentrate over 20 years for the Graphite Creek mine. This estimate is based on a three-hold increase in measured and indicated resources compared to the pre-feasibility study in 2022, at nearly 4.8 million tonnes of graphite, reinforcing its status as the largest graphite deposit in the US. Based on the improved resource, the FS projected a post-tax internal rate of return of 27%, using an 8% discount rate, with a net present value of over $5 billion and a payback period of 7.5 years. First production from Graphite Creek is anticipated in 2030. In support of Graphite One’s project, Alaska Governor Mike Dunleavy commented: “America’s dependency on foreign minerals and metals is a drag on our economy and a danger to our national security.” “As the largest natural graphite deposit in the nation, adding Graphite Creek to the FAST-41 permitting dashboard sends a strong signal that Alaska is key to US critical mineral development,” he added. The deposit is the first link in Graphite One’s planned vertically integrated operation to produce lithium-ion battery anode materials and other graphite products for the US market. The second link is an advanced manufacturing facility located in Ohio.

A surge of stablecoin transactions marked May as a standout month for the crypto sector. It moved beyond mere token swaps. Lots of people and services turned to dollar-pegged coins for moving value. Activity hit fresh highs, hinting that stablecoins are now the main channel for on-chain payments. Spike In Wallet Activity According to Artemis data, more than 33 million wallets sent or received stablecoins during May. That’s a big jump compared with earlier months. It shows more folks are leaning on these digital dollars than on native tokens. Many traders, DeFi users, and everyday people tapped stablecoins to keep their funds tied to the US dollar. This wave of usage also came as the wider market showed signs of life, with prices slowly rising and confidence climbing. Shift To Faster Networks Based on reports, BNB Smart Chain counted over 10 million active wallets for stablecoin moves early in May. TRON came very close, with a little over 9 million wallets during that same stretch. These two networks are cheap and quick. Folks want to dodge higher fees on older chains. By month’s end, both BNB Smart Chain and TRON could top those numbers again. That trend speaks to growing demand for fast, low-cost payments and DeFi deals. Ethereum simply can’t match these lower fees right now. Stablecoin Supply Growth Stablecoins also saw more tokens enter circulation. The total supply grew to $244 billion, up nearly 3% in just one month. But not all coins minted equally. Tether’s USDT remained the heavyweight champion. It added nearly $4 billion to its total supply in May alone. Most of that new USDT landed on TRON. Today, TRON holds nearly $78 billion in USDT, while Ethereum carries $73 billion. In sum, USDT’s overall supply now tops $153 billion and added tokens almost every day. USDC moved in the opposite direction. Its supply dipped slightly, thanks to outflows on Solana. Still, USDC keeps about $60 billion circulating across all its chains. Payments And Bridges Overtake Cards Stablecoins didn’t just grow in supply and usage. They carried huge volumes of payments. Over the past 30 days, those coins moved over $2 trillion worth of value. That level beats what many debit and credit cards handled in the same span. For example, Visa’s volumes were lower than what stablecoins saw. Plus, USDC’s cross-chain moves spiked. The CCTP bridge saw $7.7 billion flow through it, up 83% month-on-month. That rush of bridging means more people are shuttling dollars between networks for trades, lending, or simple transfers. Featured image from ETF Stream, chart from TradingView

Energy Fuels (NYSE: UUUU; TSX: EFR) shares rose more than 8% on Tuesday after the company reported its highest-ever monthly uranium production. In May, the company’s Pinyon Plain mine in Arizona produced nearly 260,000 pounds of uranium oxide (U₃O₈), a new monthly record. The strong output pushed Energy Fuels’ share price to C$7.23 ($5.27), up 8.23% on the Toronto Stock Exchange, giving the company a market cap of C$1.06 billion ($0.77). So far in 2025, Pinyon Plain has yielded 478,384 pounds of U₃O₈ from approximately 12,461 tons of ore, averaging a grade of 1.92% U₃O₈. That translates to a five-month production rate of about 96,000 pounds per month, with output surging to over 200,000 pounds per month in April and May. However, the company cautioned that such high production levels are unlikely to continue. Energy Fuels cited constraints including a shortage of ore haulage trucks, compliance requirements under its agreement with the Navajo Nation, stockpile limits, and the need for further underground development and exploration to access new ore zones. In addition to its production update, Energy Fuels released a new technical report for its Bullfrog Project in Utah. The report, dated May 2025, shows Indicated Resources of 10.5 million pounds of eU₃O₈ at an average grade of 0.30%, and Inferred Resources of 3.4 million pounds at 0.28%. Compared to the previous report from February 2022, this marks a 15% increase in Indicated Resources and a 70% jump in Inferred Resources. Bullfrog remains in the permitting stage. Energy Fuels also owns the White Mesa Mill, the only fully licensed and operating conventional uranium mill in the United States.

Sophon SOPH skyrockets 10X after launch and token listing on OKX and Binance. The Ethereum layer-2 wants to be the go-to platform for entertainment dapps and is simplifying onboarding. While everyone is watching Bitcoin, Solana, BNB, and some of the best cryptos to buy in June, Sophon is making remarkable moves. Coincidentally, the Sophon rally is when the total crypto market is down 1.3% to $3.4 trillion at press time, with meme coins like Dogecoin falling. DISCOVER: Top Solana Meme Coins to Buy in June 2025 SOPH Up 10X After Listing SOPH, the native token, is up nearly 10X at press time, outperforming even some of the best Solana meme coins. The rapid expansion seen on May 28 has yet to be confirmed. Currently, the token is moving sideways. Although bulls are optimistic, the local resistance is at $0.07. It must be decisively broken for buyers to confirm gains from late last month. 24h7d30d1yAll time On the lower end, primary support is at $0.048. For the upside to continue, Sophon bulls must defend this level. If not, prices could drop by over 50%, reversing the gains of May 28. DISCOVER: Best New Cryptocurrencies To Invest In 2025 What Is Sophon? It is an Ethereum layer-2 solution built using zkSync tech, adopting the Elastic Chain architecture. Its goal is to bridge web2 and web3 experiences while tapping into the vast Ethereum ecosystem. Every project building on it will receive a comprehensive AI security review before launch. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Sophon SOPH Up 10X: Why Is This Ethereum Layer-2 Rallying SOPH explodes 10X after launching SOPH trading on multiple exchanges, including OKX and Binance Sophon is an Ethereum layer-2 targeting entertainment dapps Will it attract developers? Partners with Octane Security for instant AI security review The post Sophon SOPH Surges After Launch and Listing: What’s Driving Prices? appeared first on 99Bitcoins.

CoinRoutes chief executive Dave Weisberger detonated a fresh round of anxiety in the XRP market on Monday when he asked, on Scott Melker’s podcast, whether Ripple Labs could finance a takeover of Circle “for $10 to $20 billion” without off-loading roughly $10 billion in XRP. “Who’s going to buy the $10 billion worth of XRP they would need to sell out of their treasury?” Weisberger said, warning that a sudden supply surge could overwhelm order books and “hammer the price.” Is A XRP Sell-Off Conceivable? Within hours, pro-XRP attorney Fred Rispoli fired back on X. “I love @daveweisberger1, but on this point he is mcgloning so hard,” he wrote, invoking Bloomberg strategist Mike McGlone’s reputation for bearish hyperbole. “Just based on what I’m getting offered for my Ripple shares on the secondary market, I don’t think Ripple would even have to sell one XRP to buy Circle.” Rispoli agreed that Ripple cannot raise $10 billion in pure cash, yet insisted the company could “easily afford the acquisition for a mix of cash and debt” and a heavy equity-swap. When Weisberger replied that Circle’s board would likely demand hard dollars unless it accepted Ripple equity or XRP “without a haircut,” Rispoli dug in. “No way to get $10B in cash—and $10B is too high anyway,” he wrote, citing late-2024 private-research valuations that placed Ripple at $15 billion excluding its ~36 billion escrowed XRP. If Circle’s price tag fell to $7–9 billion, he said, Ripple could close with “$1–3 billion cash on hand, a heavy stock exchange, and debt,” especially with “all that GCC money sloshing around crypto world right now.” Rispoli conceded it would be “a reach” but “doable without meaningfully selling XRP.” Weisberger acknowledged the math—“That’s a reasonable analysis,” he wrote—yet cautioned that any price at the upper end of Rispoli’s range “could be some short-term pain for us XRP holders.” Ripple’s tender-offer buyback in January 2024 valued the company at $11.3 billion, disclosing more than $1 billion in cash and about $25 billion in digital assets—mostly XRP—on its books. The firm still controls roughly 52 billion XRP (about 40 percent of supply), though 36 billion sit in timed escrow releases, limiting immediate access. At today’s $2.20 spot price, the spendable portion is worth a little under $35 billion, but moving even a fraction quickly would collide with thin venue depth—a point Weisberger hammered home. Ripple’s cash pile also shrank after its $1.25 billion purchase of prime broker Hidden Road in April, a deal settled with a blend of cash, equity and RLUSD stablecoins. That acquisition suggests the company prefers hybrid structures, bolstering Rispoli’s claim that Treasury XRP need not flood the market. Is Circle Even For Sale? The debate may be academic. Circle, issuer of USDC, has repeatedly declared it “not for sale” while marching toward a New York Stock Exchange listing that now targets a $7.2 billion valuation. Ripple’s rumored approach earlier this spring reportedly topped $5 billion, well below Weisberger’s stress case and within Rispoli’s “doable” band, but Circle rebuffed the talks and updated its S-1 two weeks later, enlarging the float rather than seeking a buyer. Strategically, Ripple already fields its own dollar-token RLUSD, launched in January and positioned by president Monica Long as “complementary to XRP, not a competitor.” Absorbing USDC’s issuer would instantly rocket Ripple towards the size of Tether. Even under Rispoli’s optimistic structure, Ripple might still need to liquidate several hundred million dollars’ worth of XRP for working capital and closing costs. At current volumes, unloading just 500 million XRP (≈ $1.1 billion) would equal half a week of global turnover—enough to distort price unless executed as private blocks. At press time, XRP traded at $2.19.

OPEC+ decided on a smaller-than-expected oil supply increase.Disagreements within OPEC+, particularly between Saudi Arabia and Russia, add uncertainty to oil policies.Despite a downgraded global growth forecast by the OECD, oil prices are supported by factors.Most Read: Markets Today: Euro Area Inflation Drops, OECD Downgrades Growth and Trump-Xi Meeting Oil prices surged yesterday ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Add to this rising tensions between Russia and Ukraine over the weekend and the perfect cocktail for gains materialized. Ukraine launched major drone attacks on several Russian airfields just before peace talks between the two countries this week. Meanwhile, some US senators are pushing for stricter sanctions on Russia, including a proposal for 500% tariffs on imports from nations that purchase Russian oil. This could in part explain yesterday's rally. close Source: TradingView (click to enlarge) /media/images/BCOUSD_2025-06-03_14-44-35.width-1400.png Source: TradingView (click to enlarge) Client Sentiment Data Looking at OANDA client sentiment data and market participants are long on WTI with 71% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are long means WTI prices could decline in the near-term. 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. 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.