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Abu Dhabi’s International Resources Holding (IRH) is acquiring a majority stake in Alphamin Resources (TSX-V: AFM), in a move that would grant it access to the Bisie tin mine, one of the world’s largest and highest-grade deposits of the metal. IRH, which has been eying Alphamin since November, will buy nearly 719 million common shares of the Canadian mining company, representing a 56% interest, from a unit of private equity firm Denham Capital. The transaction is valued at about C$503 million ($366 million), or C$0.70 per share. Alphamin’s flagship asset is the Bisie tin complex in the Democratic Republic of Congo (DRC), which supplies around 6% of global tin annually. The mine also contains significant quantities of tantalum, tungsten and coltan, which are minerals critical to electronics and green technologies. IRH said the acquisition strengthens its position in the global industrial metals sector by adding “one of the world’s largest and highest-grade tin producers” to its portfolio. Global demand for tin, used in solder for electronics, renewable energy and semiconductors, is projected to rise more than 20% to 450,000 tonnes by 2035. Bisie’s output is ramping up to meet that demand, but the region’s long-running instability continues to pose risks. Alphamin temporarily halted operations at Bisie earlier this year after the M23 rebel group advanced toward the mine, seizing the strategic town of Walikale and issuing direct threats. The group, allegedly supported by the Rwandan government, had previously taken key parts of eastern Congo, including Goma, a major mining logistics hub. Operations resumed in late April Congolese and Rwandan officials signed a “declaration of principles” in Washington, committing to work on a peace agreement. Since production began in 2019, Bisie has steadily increased output. The mine produced more than 17,000 tonnes of tin in 2023, and Alphamin plans to boost that to over 20,000 tonnes.

Securities and Exchange Commission Chair Paul Atkins has declared “a new day” for the SEC, as he pledged to reshape the agency’s approach to crypto assets through transparent, participatory rulemaking with a focus on investor protection. Atkins insisted that he has seen first-hand how ambiguous or nonexistent regulations in the digital asset space create uncertainty and inhibit innovation. While giving a testimony before the US Senate Appropriations Subcommittee on Financial Services and General Government on 3 June 2025, Atkins said, “How we implement regulations at the SEC is crucial; it is one thing to write a regulation, quite another for it to achieve its intended goal.” “A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law,” said Atkins. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Clear Departure From Enforcement-Heavy Tactics Furthermore, Atkins insisted that under his leadership the SEC will prioritize “notice and comment” rulemaking – a process that invites public feedback before finalizing new regulations- rather than governing the crypto sector through lawsuits and legal settlements. The SEC’s pivot away from “regulation by enforcement” comes after years of criticism from the crypto industry. Giving credit to the newly established Crypto Task Force, Commissioner Mark Uyeda and Commissioner Hester Peirce, Atkins said that “For too long, the Commission has been hindered by policymaking silos. The Crypto Task Force exemplifies how our policy divisions can come together to expeditiously provide long-needed clarity and certainty to the American public.” DISCOVER: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis So Far, SEC Crypto Task Force Has Held Four Roundtables The Crypto task Force, tasked with developing a workable regulatory framework for digital assets, has already held multiple roundtables on critical topics such as what constitutes a security, how to regulate crypto trading and custody and tokenization. The next focus is on decentralized finance (DeFi), with further public feedback expected in the coming months. “Entrepreneurs across the United States and around the world are harnessing blockchain technology to modernize aspects of our financial system,” said Atkins. “I anticipate benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation.” Explore: Best NFT Wallets in 2025 for Safe and Easy Storage Key Takeaways By prioritizing rulemaking over enforcement, fostering innovation, and focusing on investor protection, the agency is positioning itself as a constructive partner to the crypto industry. The SEC’s pivot away from “regulation by enforcement” comes after years of criticism from the crypto industry. The post “It is a new day at the SEC,” Says Paul Atkins, Insists on Rational Regulatory Framework For Crypto Asset Markets appeared first on 99Bitcoins.

XRP’s weekly structure has seldom looked as compressed as it does in the chart published this morning by independent analyst Maelius. The view pulls data from the BITSTAMP feed and applies a 50-period exponential moving average (EMA) in blue, currently tracking at roughly $1.78. This XRP Chart Screams 2017 Price is perched above that dynamic support zone at $2.25, adding 3.33% so far in the present weekly candle, and has spent the past four months knitting out what the analyst calls a “giga bull flag.” The flag is defined by a sequence of progressively lower weekly highs that stop just short of the $3.40 line and higher swing-lows that bottom near $1.61, creating a converging wedge whose lower edge and the rising EMA50 now coincide. Maelius overlays the 2017 XRP advance—scaled to the current log axis—to illustrate why the pattern matters. In the previous cycle the token erupted vertically once the flag was resolved, blasting from sub-dollar prices to a peak above $3.00 in a matter of weeks. The black schematic sketched on the right-hand margin recreates that move and projects it forward: once consolidation ends, the fractal implies a breakout first through the $4 shelf and ultimately into the double-digit territory. The label “XRP 2017” is pinned to the $19 mark, the level where the composite trace tops out on this overlay. Momentum data beneath the chart reinforce the comparison. The weekly Relative Strength Index (RSI) printed two pronounced peaks in the 2017 run, separated by a flat plateau; Maelius has marked those crests “1” and “2” on both the historical section and the current range. The first modern-cycle surge sent RSI briefly into the high-80s earlier this year and has since cooled back toward the mid-40s, a zone the analyst shades “FLAT.” An arrow then extends toward the mid-90s, signalling that Maelius expects at least one more momentum pulse before the structure is exhausted. From a purely technical perspective the most immediate levels to watch are the upper flag boundary near $2.50 and the EMA-anchored support around $1.80. A weekly close above the former would complete the flag and open the way to the $4.40 and $6.00 horizontals visible on the price scale, while a decisive break below $1.80 would invalidate the pattern and leave the market leaning on the $1.30 cluster where the EMA turned higher last year. Crucially, the analyst frames his outlook in risk-aware terms: even the “worst-case” scenario he sketches still includes one final impulse wave. “Worst case is there is only 1 impulse left. Bearish, right?!” he writes. As always, traders will be looking for confirmation from volume and broader market sentiment before treating the fractal as more than an instructive historical rhyme, but the chart makes clear that a single weekly candle settling above the $2.50 handle could be all it takes to remind participants of how quickly XRP has moved in the past. At press time, XRP traded at $2.23.

Overview: The dollar was better bid yesterday in North America after the better-than-expected JOLTS report, but it has come back offered today. Still, the general tone is one of consolidation. The greenback is a little softer against the most G10 currencies and all but a handful of emerging market currencies. Meanwhile, most of the final May PMI readings have been revised up from the flash weakness after the April US tariff drag. The Bank of Canada may stand pat today after firmer core CPI and Q1 GDP readings, but its easing cycle does not appear over. ECB meets tomorrow and there is little doubt that it will deliver another quarter point cut. A pause is likely as the neutral rate is approached and the past easing still needs to work its way through the economy. The gains in US equities yesterday are appearing to help lift global equities today. Most Asia Pacific bourses were higher, led by a 2% advance in Taiwan and South Korea. The Stoxx 600 in Europe is up around 0.50%, which if sustained, would be the largest rally since early last week. US index futures are firm (~ 0.10%-0.20%). Benchmark 10-year yields have edged higher. While the 10-year JGB is up a little more than one basis point the 40-year bond yield is up three basis points to a new five-day high (~3.14%). European 10-year rates are mostly 1-3 bp higher. The benchmark US Treasury yield is edging 1-2 bp higher to hover near 4.46%. Gold is trading firmly but within yesterday's range. After reaching almost $63.90 yesterday, July WTI has been confined to about a 50-cent range above $63.05 so far today. USD: The Dollar Index recovered from a six-week low slightly below 98.60 yesterday seen in the early Asia Pacific activity on Tuesday morning to a session high a little below 99.35. It was recorded shortly after the expected increase in job openings. Other parts of the April JOLTS report were as encouraging. The layoffs increased more than expected and the quit level fell. It stopped short of Monday's high (~99.40) and held below it today though drew slightly closer. It is probing support near 99.00 in Europe. Given the Fed's reaction function, survey data is not given as much weight as one might expect, and officials have been clear. This probably means only a passing interest in the ISM services and final PMI. It puts the Beige Book, which will also be released today, in a difficult position. Fed Chair Powell has often emphasized it even though it is anecdotal. Given the focus on the labor market this week, which leaves the ADP private sector jobs estimate. Through April, the ADP estimate has on average undershot the BLS estimate by about 11k a month. But, over the past 12 months, the ADP has overshot the official estimate by almost 20k a month. EURO: The euro was turned back from $1.1455 yesterday and fell to about $1.1365, meeting the (38.2%) retracement of the gains from the May 29 low near $1.1210. It has struggled to re-establish a foothold above $1.14. Note that options for 1.3 bln euros struck at $1.1450 expire today. The ECB appears to place more weight on the PMI survey than the Federal Reserve. Still, the final services and composite reading today were revised higher from the preliminary reading. The services PMI rose to 49.7, up from 48.9 of the flash estimate and but still below the 50 boom/bust level for the first time this year. Initially, it looked like the composite fell below 50 to 49.5, but the final reading put it at 50.2 from 50.4 in April. It was the second monthly decline, but it has not been below 50 this year. Still, it may add little to the ECB's information set ahead of tomorrow’s meeting. The staff is expected to shave this year’s growth and inflation forecasts, clearing the deck for the ECB to deliver another quarter-point rate cut. Shortly before the ECB meeting, Germany will report April factory orders. After the 3.6% surge in March, which may be boosted by activity ahead of the US tariffs, factory orders are seen falling back around 1.5%. This may translate into weaker industrial output figures and a smaller April trade surplus, both of which will be reported at the end of the week. CNY: The dollar approached the 200-day moving average (CNH7.2265) on Monday, and despite the disappointing decline in the Caixin manufacturing PMI, and its broader gains, the dollar fell CNH7.1855 against the offshore yuan yesterday. It slipped a little further today (~CNH7.1830) before recovering to about CNH7.1955 A break of the CNH7.18 area leaves little in the way of a retest on last week's six-month low near CNH7.1615. The PBOC set the dollar's reference rate at CNY7.1886 (CNY7.1869 yesterday). Caixin's services and composite PMI will be released tomorrow, and like the manufacturing PMI, they are expected to tick up. Still, with container shipments to the US making new lows and the trade strains resurfacing, the upticks may prove temporary. We continue to be concerned that without more stimulus the Chinese economy will struggle to meet the 5% growth target. JPY: The dollar recovered smartly yesterday from a five-day low slightly below JPY142.40 and raced back to around JPY144.10 before running out of steam. It was unable to take out Mondays high (~JPY144.15) but it did so today, rising to nearly JPY144.40. Yet, it was not able to sustain the momentum. It is finding support in Europe near JPY143.80. A break now back below the JPY143.25-50 area could reinforce the sense of consolidation rather than a corrective phase. The market hardly responds to Japan's preliminary PMI and the same goes for the final reading, still both the service and composite PMI were revised higher. For the record, the final services PMI was 51.0 (50.8 flash reading and 52.4 in April). The initial May composite PMI was estimated at 49.8 and was revised to 50.2. It finished last year at 50.5 and was at 52.6 last May. Tomorrow, Japan reports April labor earnings. Nominal earnings are expected to accelerate to 2.6% year-over-year (from 2.3%) and real earnings continue to fall (-1.5% vs. -18% in March). GBP: Sterling was confined to Monday's trading range yesterday. The session low was a little below $1.3500, seen in early North American turnover. It is trading inside yesterday's range today in what appears to be constructive consolidation and is slightly below $1.3550 in late European morning turnover. The final UK's May PMI does not change anything. The services PMI was revised to 50.9 from 50.2 initially and 49.0 in April, which was its lowest level since January 2023. This, coupled with the upward revision to the manufacturing PMI, saw the composite rise to 50.3 from the 49.4 flash estimate and 48.5 in April. Last May, it was at 53.0. The swaps market sees practically no chance of a rate cut at the June 19 Bank of England meeting and does not have the next cut fully discounted until November. CAD: Canada will be adversely affected by the doubling of the US steel and aluminum tariffs. Even before it was announced, economists (surveyed by Bloomberg) expected the Canadian economy to contract this quarter and next. Given the lag of monetary policy, there is little that the Bank of Canada can do to avoid the contraction. But it did front load rate cuts last year. Through the easing cycle that began last June, the central bank cut the overnight lending rate by 225 bp to 2.75%. The full effect of the cumulative easing has likely not run its complete course yet. The higher core April inflation readings and the somewhat stronger than expected Q1 GDP (2.2% vs. 1.7% median in Bloomberg's survey) may allow the Bank of Canada to pause today. In recent days, economists (surveyed by Bloomberg) have come around to the judgement of the swaps market that the Bank of Canada will standpat today. The US dollar recorded a seven-month low against the Canadian dollar on Monday (~CAD1.3675) and recovered but was unable to rise above Monday's high (~CAD1.3745). It is trading quietly inside yesterday's range, holding above CAD1.3700 but unable to rise much above CAD!.3730. Options for $960 mln at CAD1.3750 expire today. AUD: The $0.6500 area is proving to be formidable resistance for the Australian dollar since early last month. The upper Bollinger Band is found there too now. With a few exceptions, it has remained on the $0.6400-hande since early May. The session low today was recorded after the disappointing Q1 GDPO report. It held barely above $0.6450 where A$625 mln options at $0.6450 expire today. Australia saw its final services and composite PMI, but the real interest was with the Q1 GDP estimate. The economy expanded by 0.2% in Q1 25, half of the pace that the median forecast in Bloomberg's survey anticipated. The economy expanded by 0.6% in Q4 24. The PMI is consistent with a gradually slowing of growth. The composite averaged 50.8 in April and May, down slightly from the 51.1 average in Q1 25. Tomorrow, Australia reports April's trade balance (smaller surplus is expected) and household spending (may recover from a 0.3% decline in March). MXN: The dollar consolidated near its recent trough against the peso yesterday. It recorded the low in early European turnover near MXN19.2025. The broad dollar gains helped lift it to session highs of nearly MXN19.2850. Still, the peso's resilience remained evident. The dollar settled below MXN19.24 and slipped through yesterday's low to almost MXN19.2015. It is hovering near its low in late European morning turnover. Mexico reports last month's domestic vehicle sales. Recall that in the last two months of 2024, vehicle sales rose to their best level in seven years (~146k-148k). A slowdown in sales has taken place this year, but through April, they have averaged about 118k a month, which is a little better than the average in the first four months of 2024 (almost 116k). Mexico's vehicle is also little changed in Jan-Apr period at about 324k a month on average compared with 321k average for the same 2024 period. Exports (mostly to the US) have slowed to a monthly average this year of about 258k. In the first four months of 2025, they averaged almost 279k a month. Disclaimer

Asian Market Wrap Asian equities broke a four-day losing streak as markets drew some optimism from positive US labor data. The labor data appeared to soothe market concerns around a global slowdown, even if the move proves temporary it is a welcome one. close Source: TradingView.com (click to enlarge) /media/images/DE30EUR_2025-06-04_10-34-11.width-1400.png Source: TradingView.com (click to enlarge) 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.

Bitcoin (BTC) is attempting to reclaim a crucial level as support, which could propel its price to its local range high. A market watcher suggests that this week’s performance could set the tone for the rest of the month. Bitcoin Retest Eyes Massive Rally After losing the $106,800 level last week, Bitcoin has been trying to reclaim this crucial area as support. This recently lost level served as a key support for BTC following its rally to a new all-time high (ATH), with its price hovering between $106,800 and $109,700 before the market retracement. However, the flagship crypto dropped over 8% from its $111,980 high amid last week’s pullback, hitting a 10-day low near the $102,000 support over the weekend. This week, BTC has recovered the $105,000 range and surged above the $106,500 mark before being rejected from the crucial horizontal level on Tuesday morning. Despite the recent performance, Bitcoin recorded its highest monthly close in history, after ending May at $104,591, and remains within its local range between $103,000 and $110,000. Analyst Crypto Jelle noted that as the cryptocurrency tries to reclaim the $105,000-$106,000 area, the 1.618 Fibonacci level suggests the next target sits around the $130,000 barrier. Moreover, he highlighted Bitcoin’s performance this cycle, pointing out that it is displaying a similar performance to its Q4 2024 rally. Notably, the cryptocurrency recorded a trend breakout, followed by a “post-breakout chop” before surging to new highs. Jelle suggested that Bitcoin is in the second stage, after recently breaking out of its early 2025 downtrend line. He also affirmed that Bitcoin’s Power of 3 (Po3) setup is “still in play” despite the rally pause, targeting the $140,000-$150,000 level during the formation’s price expansion phase. Based on this formation, the cryptocurrency only has “one last speed bump,” reclaiming the previous ATH levels, before surging to a new high. BTC’s Direction To Be Determined Soon? Market watcher Daan Crypto Trades affirmed that the cryptocurrency will likely have an “interesting” week and month ahead, as its sideways move has allowed for “a ton of positions that have built up on both sides.” According to the trader, this suggests there will be “a lot of fuel when price starts trending and breaks out of this local consolidation.” Previously, he asserted that BTC tends to set the monthly high or low during the first week of the month, followed by a reversal in the other direction and a trend continuation until the new month. Based on this, he considers that if Bitcoin doesn’t hold the current levels in the coming days, it could drop below the $100,000 mark, near the $98,000 support zone, before bouncing. On the contrary, a significant price jump this week could indicate a price retest of the range lows during the rest of the month. As of this writing, Bitcoin trades at $105,889, a 1% increase in the daily timeframe.

On-chain data shows the veteran investors of the Bitcoin market have shown exhaustion recently, but they still hold 11.9% of the supply. 3-5 Year Old Bitcoin Holders Have Slowed Down Their Selling In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Realized Cap of the 3 to 5 years old Bitcoin investors. The “Realized Cap” here refers to an indicator that measures BTC’s total value by assuming the ‘real’ value of any token in circulation is equal to the price at which it was last transacted on the blockchain. Since the previous transfer for any coin is likely to correspond to the last point at which it changed hands, the price at the time could be considered as its current cost basis. Thus, the Realized Cap is nothing, but the sum of the acquisition prices of all tokens part of the circulating supply. In other words, the indicator represents the total amount of capital that the investors as a whole used to purchase their coins. A modified version of the metric, known as the Realized Cap HODL Waves, keeps track of the same, except for just a particular segment of the sector. In the context of the current discussion, the investor cohort of interest is the 3 years to 5 years one. This group includes all the holders who have been keeping their coins dormant since between three and five years ago. Now, here is the chart for the Realized Cap of the cohort shared by the analytics firm that shows the trend in its value over the last couple of years: As displayed in the above graph, the Bitcoin Realized Cap controlled by the 3 years to 5 years investors hit an all-time high (ATH) share of 15.7% back in November. But soon after this peak formed, these investors started a sharp selloff, taking advantage of the profitable opportunity that the rally presented. Then in January, the group paused its selling, but resumed it again in April, suggesting some of these resolute hands took the exit door during the latest price rally. A zoomed in view of the chart reveals, however, that the selling may have most recently hit a state of exhaustion once more. That said, while the supply has shown the start of a potential sideways phase, it doesn’t mean that the 3 years to 5 years investors no longer pose a threat to Bitcoin. The cohort still holds 11.9% of the asset’s Realized Cap, which is quite significant. These diamond hands are likely waiting for higher prices, so it’s possible that this supply would start being distributed if the bull run continues, perhaps acting as a source of resistance. BTC Price At the time of writing, Bitcoin is trading around $105,800, down over 3% in the last seven days.

Rocket Pool RPL is surging, adding 30%. Strengthening Ethereum prices played a role, but the team is also shipping updates ahead of the Saturn upgrade. Rocket Pool TVL is up 43% in one month. Will RPL break $10? Yesterday, without any apparent reason or fundamental trigger, UNI, the governance token of the major DEX Uniswap, surged above $7 before cooling off. Meanwhile, top DeFi tokens like MKR, the governance token of the Sky Protocol (formerly Maker), also climbed, posting double-digit gains. As these leading DeFi tokens rose, attention shifted to another key Ethereum player critical to decentralizing the first smart contracts platform: Rocket Pool. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 RPL Crypto Surges 30% The native token powering Rocket Pool, RPL, soared nearly 30% in 24 hours, extending gains from early June and solidifying its position among the top 30 largest DeFi protocols by total value locked (TVL). According to Coingecko data, RPL gained against the greenback, ETH, BTC, and some of the best cryptos to buy. Technically, there is room for growth. With RPL adding nearly 30% yesterday, buyers are eyeing resistance levels at $7 and $10. If this psychological barrier is broken and RPL reaches new Q2 2025 highs, there is a high probability that the token could double to $20 in late H1 2025 or early H2 2025. 24h7d30d1yAll time DeFiLlama data shows that Rocket Pool is the 26th largest DeFi protocol, managing over $1.7 billion in assets on Ethereum. With rising prices, its TVL increased 1% in 24 hours. (Source) However, the surge in inflows over the past month stands out, with the Rocket Pool TVL rising by 45%, outpacing most protocols in the top 30. Raydium, the DEX powering Solana token swaps, saw a 42% TVL increase in the last month, signaling that traders may be returning to trade some of the best Solana meme coins. Meanwhile, Morpho, EigenLayer, and Pendle also drew massive inflows, pushing the total DeFi TVL to $113 billion. Will ETH Help Sustain Momentum? Interest in Ethereum staking may explain this revival. Notably, the spike in the Rocket Pool TVL coincided with a surge in ETH prices in May. The second most valuable crypto broke above $2,000 before accelerating to nearly $2,800. Although prices have stabilized above $2,400, there are hints that buyers are accumulating, and a breakout above $3,000 is inevitable. 24h7d30d1yAll time On June 3, institutions in the United States purchased over $109 million worth of spot Ethereum ETF shares, increasing their holdings to over $9.8 billion, representing roughly 3% of the Ethereum market cap. (Source) If Ethereum prices rise, Rocket Pool’s TVL will likely expand, boosting RPL demand. This momentum could be further fueled by positive ecosystem developments in recent weeks. After joining the Balancer Alliance Program, which unlocks revenue sharing for rETH/ETH, Rocket Pool also integrated with the Ronin Network, adopting Chainlink’s CCIP. DISCOVER: 15 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis Rocket Pool RPL Up 30%, Ethereum Steady: Are DeFi Tokens Back? RPL is up 30%; will the token push above $10? Rocket Pool DeFi TVL up over 45% in one month Developers shipping updates ahead of the Saturn upgrade Ethereum staking boom and rising ETH demand driving DeFi tokens The post Rocket Pool RPL Crypto Up 30%: Are DeFi Tokens Back? appeared first on 99Bitcoins.

TRON (TRX) is seeing a continued lift in price alongside broader gains across the crypto market. As of today, TRX is trading just above $0.27, marking a 1.2% increase over the past 24 hours. The move reflects a coordinated uptick in digital asset valuations, with the global cryptocurrency market capitalization climbing nearly 1% to a current total of approximately $3.47 trillion. This price action comes as on-chain data suggests increased user engagement on the TRON network. According to recent analysis shared on CryptoQuant’s QuickTake platform, a steady rise in daily active addresses is being observed, with both the 50-day and 100-day moving averages for this metric reaching all-time highs. The sustained increase in network activity points to a potentially supportive backdrop for TRX’s current momentum. User Engagement and Moving Averages Signal Strong Network Activity CryptoQuant contributor “CryptoOnchain” reported that the moving averages of daily active addresses on TRON have reached unprecedented levels. The 50-day and 100-day metrics, which smooth out short-term fluctuations to show longer-term engagement trends, are currently at their highest points since tracking began. Historically, sustained increases in this metric have preceded upward price movement in TRX, though the price growth has yet to fully reflect the spike in activity. The analyst also emphasized that while TRX has been rising, the network’s user participation appears to be outpacing the token’s market performance. This divergence suggests that underlying demand is building, potentially laying the groundwork for future gains if the trend continues. Meanwhile, traders often view network activity as a leading indicator of value in proof-of-stake chains like TRON, where user interaction can drive both sentiment and transaction volume. SunPump Token Activity Emerges as TRON Price Indicator In a separate CryptoQuant post, analyst “BorisVest” highlighted the role of SunPump tokens in shaping TRON’s price dynamics. SunPump is a tool used for creating tokens on the TRON network, and its activity appears to correlate with TRX market trends. According to the analysis, periods of intense token creation, often driven by hype, bots, or speculative launches, can signal short-term tops in TRX price, especially if the token’s value doesn’t keep pace with the burst in network activity. Conversely, when activity on SunPump slows down, TRX has historically drifted lower toward local bottoms, often indicating reduced selling pressure. More stable growth in token creation, when aligned with a gradual rise in TRX price, has been associated with healthier and more sustained rallies. BorisVest suggests that tracking these token dynamics can provide insights into TRON’s market rhythm, offering a potential framework for identifying accumulation zones or overheated conditions. Featured image created with DALL-E, Chart from TradingView

Yep, you read that right. Truth Social, the social media platform backed by Donald Trump, is diving into crypto, specifically, it wants its very own Bitcoin ETF. On June 3, NYSE Arca filed the paperwork with the Securities and Exchange Commission (SEC) to list what would officially be called the Truth Social Bitcoin ETF. It’s a bold move, and one that puts Trump’s media company squarely in the middle of the crypto investment craze. But this isn’t just another ETF filing. It’s coming with some political heat, a hint of branding flair, and an eye on a fast-growing market. What’s in the Filing? NYSE Arca’s submission is basically a request to change the rules so this new ETF can trade on its exchange. The fund itself would give people a way to invest in Bitcoin without actually owning or managing any of it. No wallets, no seed phrases, no sweaty palms every time Bitcoin dips. Just shares you can buy and sell like any other stock. These types of ETFs exploded in popularity in 2024, when the SEC finally gave the green light to companies like BlackRock, Fidelity, and Ark Invest. Those funds pulled in billions, fast. So it’s no surprise Trump’s camp wants a piece of the action. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Why Truth Social, Though? Here’s where things get interesting. Truth Social isn’t just a social media site anymore. Trump Media has been laying the groundwork for a bigger push into financial products, especially crypto. Earlier this year, they filed trademarks for several Bitcoin-focused funds. They even floated names like “Trump Digital” and “TMTG Digital World ETF.” This Bitcoin ETF would be the first actual product to come out of those plans. And let’s be honest, it would surely be the only ETF on the market with the Truth Social name on it. Politics, Timing, and the Bigger Play This isn’t happening in a vacuum. Trump is running for president again, and his messaging has leaned into crypto more than ever. He’s been talking about self-custody, bashing central bank digital currencies, and encouraging campaign donations in crypto. All of that makes this ETF move feel very on-brand. It’s also smart timing. Spot Bitcoin ETFs are one of the hottest products on Wall Street right now. Since January 2024, they’ve pulled in over $50 billion in assets. Investors like them because they make Bitcoin feel more familiar, more regulated, and honestly, a lot easier to deal with. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Will the SEC Go for It? That’s the big question. The SEC now has up to 240 days to respond to the filing, although it often rules sooner. There’s no guarantee the Truth Social ETF will make it through. The agency could raise concerns about custody, pricing, or even the branding. - Price Market Cap - - - 24h 7d 30d 1y All Time Log Still, Trump’s media company is clearly betting that its name, timing, and the growing popularity of crypto will give it a shot. What This All Means In short, Trump’s not just tweeting about Bitcoin anymore. His company wants to plant a flag in the investment world, and it’s using one of crypto’s most popular products to do it. Whether it’s politics, profits, or a bit of both, one thing’s clear: Bitcoin just got even more mainstream. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Truth Social has filed for a Bitcoin ETF through NYSE Arca, marking a major shift into crypto by Trump’s media company. The proposed ETF would let investors gain exposure to Bitcoin without directly holding the asset, mirroring other spot Bitcoin ETFs. This move aligns with Trump’s pro-crypto stance, reinforcing his 2024 campaign narrative of self-custody and anti-CBDC policies. Trump Media previously filed trademarks for other crypto products, but this ETF is the first concrete step toward launching one. The SEC now has up to 240 days to decide on approval, but political branding and regulatory scrutiny could affect the outcome. The post Trump-Backed Bitcoin ETF Seeks SEC Approval appeared first on 99Bitcoins.

The crypto industry might finally get some long-overdue rules, but there’s one problem. House Democrats say the SEC is ghosting them on the details. And it’s not just frustrating, it could slow down one of the biggest crypto bills in years. What Is This Crypto Bill All About? It’s called the Digital Asset Market Structure Bill, better known as the CLARITY Act. The goal? To figure out who regulates what. Right now, the crypto space is a mess. One agency says a token is a security, another says it’s a commodity, and investors are left playing a guessing game. The bill aims to divide the job between the SEC and the Commodity Futures Trading Commission (CFTC). Under the proposal, the SEC would handle centralized crypto assets, while the CFTC would oversee decentralized ones, such as Bitcoin and Ethereum. It’s basically an attempt to bring some structure to the chaos. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Why Are Democrats Upset? Because they’re not getting the info they need, democratic staffers from the House Financial Services Committee say the SEC gave Republicans a detailed breakdown of how the bill would affect the market. But when Democrats asked for the same thing, they got nothing. According to committee insiders, the SEC had prepared a full technical analysis but chose not to share it with Democrats. That means lawmakers on one side of the aisle are flying blind while the other side might have a clearer view of how this bill plays out in the real world. DISCOVER: Top 20 Crypto to Buy in May 2025 SEC Says Everyone’s Welcome to Ask The SEC’s response? They say anyone can ask for help. A spokesperson told the press that they’re always open to providing technical support to lawmakers. But they didn’t say whether they’d give Democrats the same report Republicans received. That’s the part that’s rubbing people the wrong way. - Price Market Cap - - - 24h 7d 30d 1y All Time Log Representative Maxine Waters, the top Democrat on the committee, wants answers. She’s sent a letter to SEC Chair Gary Gensler asking for a full report on what the bill means for markets, for investors, and the SEC’s authority. So far, there’s been no public response. What Happens Next? The bill is heading for a markup session on June 12, which means lawmakers will start debating the fine print. It has strong support from Republicans and a few crypto-friendly Democrats, but this rift over missing information could complicate things. Some Democrats are worried that without the full picture, they could accidentally pass something that weakens existing securities laws or gives big finance firms an easy way to dodge oversight by calling themselves “blockchain-based.” Bottom Line This isn’t just about politics. It’s about making sure the people writing the rules actually know what those rules will do. If one side of Congress gets the data and the other side doesn’t, that’s not a level playing field. For a bill that could reshape how crypto is regulated in the U.S., that’s a pretty big deal. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The CLARITY Act is a major crypto bill aiming to split oversight between the SEC and CFTC. House Democrats accuse the SEC of withholding a detailed analysis they shared with Republicans. The SEC claims any lawmaker can request support, but hasn’t confirmed equal access to the report. Maxine Waters has demanded transparency from the SEC ahead of the bill’s June 12 markup session. This internal split could delay or reshape how crypto regulation unfolds across centralized and decentralized assets. The post House Democrats Say SEC Is Holding Back Crypto Bill Details appeared first on 99Bitcoins.

As Bitcoin (BTC) continues to hover near its all-time high (ATH) of $111,814, signs of a reset in the derivatives market are emerging. One such indicator is the Binance Liquidation Delta, which is showing a consistent pattern of large-scale long position liquidations. Bitcoin Late-Long Positions Get Wiped Out According to a recent CryptoQuant Quicktake post by analyst Amr Taha, Binance’s BTC derivatives market is currently experiencing a significant reset. The Binance Liquidation Delta reveals that liquidations of long positions, sometimes exceeding $40 million, are repeatedly disrupting the market. For the uninitiated, the Binance Liquidation Delta measures the difference between long and short liquidations on Binance’s futures market. A negative delta means more long positions are being forcibly closed, often indicating bearish pressure or a leverage reset. On the contrary, a positive delta suggests more short positions are getting liquidated, which can signal a bullish short squeeze. The following chart highlights repeated spikes in long liquidations – shown in green – occurring at hourly intervals. While some short liquidations are also present, they are far less significant in magnitude. Taha noted a key detail that despite the consistent flushing of long positions, funding rates on Binance remain neutral, hovering around zero. This indicates a lack of extreme sentiment – neither overly bullish nor bearish – implying that traders are cautiously reassessing their positions rather than panicking. In parallel, whale activity signals accumulation rather than capitulation. Most notably, Bitfinex saw its largest single-day BTC withdrawal since August 2019, as 20,000 BTC was pulled from the exchange. Taha commented: This transaction, valued at over $1.3 billion based on current prices, indicates that such large-scale withdrawals often reflect long-term holding strategies, thereby alleviating immediate selling pressure on exchanges. Considering the neutral funding environment, persistent long liquidations, and substantial whale outflows, the analyst suggested that Bitcoin may be positioning for another upward move – potentially to a new ATH. New ATH On The Horizon For BTC? At the time of writing, BTC is trading 5.8% below its ATH. However, several technical and on-chain indicators hint at further upside for the world’s largest digital asset by market cap. For instance, CryptoQuant contributor ibrahimcosar recently projected a price target of $112,000 following a bullish double bottom breakout. Additionally, Coinbase recently recorded a 7,883 BTC withdrawal, suggesting that institutional investors may be positioning for the next leg up. That said, some warning signs persist. For example, recent on-chain data shows that long-term BTC holders are reducing their exposure to the digital asset, likely in anticipation of a price correction. At press time, BTC trades at $105,308, up 1.4% in the past 24 hours.

Bitcoin’s price is still struggling to regain its upward momentum following the establishment of a new all-time high above $111,000 last week. Today, Bitcoin trades below $106,000 with a current trading price of $105,381, marking a 1.2% increase in the past day and a 5.8% decrease from its peak. The current movement suggests a cooling-off period as traders and analysts monitor for potential market reentry points. Despite the price retreat, the mood across the market remains relatively stable, with the Crypto Fear & Greed Index still hovering in the neutral zone. This suggests that the market is yet to enter the euphoric stage typically associated with aggressive buying sprees. While the immediate trend appears sideways, analysts are beginning to highlight certain technical and on-chain signals that may shape Bitcoin’s short-term trajectory. Bitcoin Short-Term Investors Watch $96.7K as Critical Support A recent assessment by an on-chain contributor to CryptoQuant’s QuickTake platform, known as abramchart, identifies $96,700 as a crucial level of interest. This figure aligns with the average acquisition price for short-term holders, making it a potential rebound zone if Bitcoin experiences a further dip. According to the analyst, this support may serve as a trigger point for renewed buying interest should a correction continue to unfold. Additionally, rising Bitcoin dominance is placing pressure on alternative cryptocurrencies, including Ethereum. The analyst notes that corrections in Bitcoin often redirect capital away from altcoins, potentially weakening their short-term performance. In this context, the broader crypto market may experience liquidity fragmentation until Bitcoin reestablishes directional clarity. Abrahchart wrote: If liquidity is available, it is advisable to wait and observe market movements, with the possibility of entering new positions after the anticipated correction completes. Accumulation Activity Suggests Institutional Involvement In a separate insight shared on CryptoQuant, another analyst, Mignolet, highlights a notable relationship between movements in Bitfinex’s Bitcoin reserves and price action. Historically, declining reserves on Bitfinex have often preceded upward trends in Bitcoin’s price, suggesting these outflows may signal increased accumulation. On the latest occasion, around 24,000 BTC were transferred to two wallets, one of which has been officially identified by Bitfinex and Tether CEO Paolo Ardoino as belonging to 21 Capital (XXI), a Tether-backed entity. The second wallet involved in receiving 14,000 BTC was not formally disclosed, but timing and transaction behavior suggest a similar purpose. Unlike earlier transactions often linked to cold storage adjustments, these movements appear to reflect strategic acquisitions. This level of accumulation, particularly by a known Tether-affiliated entity, adds another dimension to Bitcoin’s current price narrative. As institutional players position themselves, retail participants may find additional confirmation of long-term interest in the asset despite short-term fluctuations. Featured image created with DALL-E, Chart from TradingView

As Canada’s premiers tout a new national framework to speed up approvals for major resource and infrastructure projects, Calibre Mining chief financial officer Daniella Dimitrov says the mining sector remains unconvinced. Speaking to MINING.COM at THE Mining Investment Event in Quebec City, Dimitrov welcomed federal and provincial commitments to shorten permitting timelines, but said governments need to move from words to action. For Dimitrov, Canada’s fragmented approach and lack of detail are still major obstacles. “I feel sometimes we’ve got 13 countries, not one,” she said. “We need to lay out performance metrics and that we can hold governments accountable, and we need execution.” At a recent summit in Saskatoon, Prime Minister Mark Carney and all 13 premiers agreed to identify projects of “national interest” and streamline approval processes. Carney has promised legislation to reduce federal permitting from five years to two. Dimitrov highlighted that meeting ended without naming any specific projects and left the criteria to elect them unclear. “There were no projects announced following that meeting. The criteria has some ambiguity. I’m not sure exactly what it means to have to determine that a project can be successfully executed—whether that’s capital, whether that is certain economics, whether that’s having the appropriate supply chain.” She added that while Ontario and the federal government have announced steps to accelerate permitting, not all changes have been well received. “There is concern around the speed and the urgency that it might come at the risk of reducing consultation or not having appropriate consultation.” A lawyer by trade, Dimitrov stressed that meaningful engagement is key to building support for permitting reform. She also underscored the urgent need for clarity, especially as Canada aims to boost infrastructure investment in response to trade tensions with the United States. The mining industry, she said, needs assurance that policy ambitions will be matched by concrete timelines, and certainty for investors. “Capital is sitting on the sidelines and saying, well, how do I get the certainty that ultimately we can achieve the permitting and that we can achieve the consent agreements and the participation that’s needed in order for me to actually invest that capital?” Despite her concerns, Dimitrov remains optimistic about the industry’s future. Her own path reflects the sector’s evolving complexity and gives her a clear view of what’s at stake. She began her career as an investment banker at Sprott before transitioning into legal leadership as general counsel for the Dundee Group of companies. She later moved into operations, overseeing acquisitions as director of integration, and later entered the mining sector through roles in corporate development and regulatory governance.

Dogecoin started a fresh decline from the $0.2250 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.20. DOGE price started a fresh decline below the $0.220 and $0.20 levels. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.20 resistance zone. Dogecoin Price Holds Support Dogecoin price started a fresh decline after it failed to clear the $0.2450 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.220 and $0.20 levels. The bears even pushed the price below the $0.1920 level. A low was formed at $0.1855 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. Dogecoin price is now trading below the $0.20 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2060 level. It is close to the 50% Fib retracement level of the downward move from the $0.2279 swing high to the $0.1855 low. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2340 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.20 level, it could start another decline. Initial support on the downside is near the $0.1910 level and the trend line. The next major support is near the $0.1850 level. The main support sits at $0.1720. If there is a downside break below the $0.1720 support, the price could decline further. In the stated case, the price might decline toward the $0.1650 level or even $0.1550 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1910 and $0.1855. Major Resistance Levels – $0.2000 and $0.2060.

According to reports, Classover Holdings Inc. (NASDAQ: KIDZ) has taken a bold turn. It just signed a deal with Solana Growth Ventures LLC that could bring up to $500 million in senior secured convertible notes. The deal kicks off with an $11 million investment once all conditions are met. What stands out is the plan to use as much as 80% of net proceeds to buy SOL tokens. Classover’s Big Crypto Bet Classover is aiming to build a Solana-based treasury reserve. That means most of its new money will end up in SOL tokens. Even though crypto is known for its ups and downs, the company seems set on this path. It had a 0.02 liquidity ratio before this deal, which shows how tight its cash flow was. Now, by putting money into SOL, Classover is hoping to steady things out. Based on reports, this move is part of a broader strategy to shift its financial focus toward blockchain assets. Convertible Notes And Share Impact The notes can be turned into Class B common stock. They’re set to convert at twice the closing share price before the deal closes. That gives early investors a chance for upside if the stock moves higher. It also cuts down on dilution risks for the current owners, at least for now. Chardan is the only placement agent and financial advisor on the deal. The new financing follows a $400 million equity raise that pushed their potential capital access to $900 million. Back-to-back moves like these point to a longer-term plan to overhaul Classover’s treasury setup with Solana at its center. Struggles In Education Business Classover launched in 2020, offering live online classes for K-12 students around the world. They even added AI tools to their platform. But revenues dropped by almost 100% year-over-year. That fall is a red flag for any company. With a market cap of about $60 million, Classover is in a spot where every dollar counts. Reports say the latest SEC filings show changes to executive pay. It looks like they want to keep their leadership team in place while they work through these money problems. Still, it’s hard to ignore those steep revenue losses and the worry around cash on hand. Solana’s Price Movements Solana itself has been under pressure lately. It tried to get back above $180 but failed. That led to a pullback in line with a wider market correction. Right now, SOL is trading around $162. That’s about a 6.2% rise in the last 24 hours. Its total market cap sits at $84.7 billion, and trading volume is around $3.70 billion. If demand doesn’t pick up soon, SOL could slip further before finding strong support. For Classover, any big drop in SOL’s price could hurt its new treasury plan. Featured image from Unsplash, chart from TradingView

XRP price started a fresh increase above the $2.20 resistance zone. The price is now consolidating and might aim for a move above $2.30 resistance. XRP price started a fresh increase above the $2.20 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it fails to clear the $2.30 level. XRP Price Eyes Fresh Gains XRP price remained stable above the $2.020 support and started a decent upward move, beating Bitcoin and Ethereum. There was a move above the $0.2120 and $0.220 levels. The bulls were able to clear the 50% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. Besides, there was a break above a key bearish trend line with resistance at $2.20 on the hourly chart of the XRP/USD pair. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.2850 level. It is near the 76.4% Fib retracement level of the downward wave from the $2.3540 swing high to the $2.2081 low. The first major resistance is near the $2.30 level. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.3650 resistance or even $2.3850 in the near term. The next major hurdle for the bulls might be $2.40. Another Drop? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.2850 and $2.30.

Ethereum continues to demonstrate strength, holding firm above key support levels and outperforming much of the crypto market despite growing macroeconomic uncertainty. Since its April lows, ETH has more than doubled in value, gaining over 100%, and shows no signs of slowing down. While many assets have faced heavy selling pressure amid volatility in global markets, Ethereum remains resilient, showing consistent buying interest and maintaining its upward trajectory. Top analyst Carl Runefelt shared a bullish perspective, noting that Ethereum price stays strong on the daily timeframe. According to Runefelt, if Bitcoin starts moving sideways, Ethereum could seize the opportunity to break out of its current consolidation triangle and lead the next phase of the market rally. His analysis highlights the unique positioning ETH holds at the moment—not only as the second-largest cryptocurrency but also as a potential driver of the next altseason. With ETH holding above $2,600 and approaching key resistance zones, market participants are watching closely. A decisive breakout could ignite widespread momentum across altcoins and mark the beginning of a new phase in the current bull cycle. Ethereum’s performance continues to solidify its role as the foundation of the broader digital asset space. Ethereum At A Pivotal Range: Bulls Eye Breakout Ethereum is currently trading within a tight consolidation range that many investors view as the staging ground for its next major move. After a significant rally that saw ETH gain over 100% since April, the asset is now testing key resistance levels, particularly around $2,650–$2,700. Despite recent macroeconomic tensions, including rising US Treasury yields and persistent geopolitical risks, Ethereum continues to show strength, with bulls holding the line above critical support. Runefelt recently emphasized that Ethereum “refuses to dump on the daily timeframe,” a signal of underlying bullish resilience. His analysis suggests that if Bitcoin begins to move sideways, Ethereum could break out of its consolidation triangle to the upside, potentially sparking the beginning of a long-awaited altseason. From a technical perspective, the consolidation appears constructive. The price has formed higher lows since April and remains above all major moving averages on key timeframes. The $2,300 level is emerging as a strong base, while the bullish target sits at $3,100 if resistance is cleared. Runefelt’s bullish and bearish scenarios—$3,100 on the upside and $2,300 on the downside—underline the importance of the current range. As trading volume compresses and volatility brews, Ethereum looks ready for a decisive move. Should the breakout occur, it could not only lead ETH to new cycle highs but also ignite broader confidence across the altcoin market. ETH Price Analysis – Daily Chart Overview Ethereum (ETH) is currently trading at $2,616, hovering just below the 200-day simple moving average (SMA), which sits around $2,679. This level has acted as a consistent resistance zone over the past few weeks, with ETH failing to close decisively above it. Despite several intraday moves above $2,650, the price has yet to confirm a breakout. Looking at the broader structure, ETH remains in a consolidation range between $2,480 and $2,700 after posting an impressive rally from its April lows near $1,800. The 34-day EMA ($2,406) and the cluster of shorter-term SMAs are trending upwards, indicating that medium-term momentum still favors the bulls. Volume has been relatively stable but unremarkable, suggesting a lack of strong conviction from either side. A clean daily close above $2,700 could confirm a breakout and potentially open the door for a move toward $3,000. On the downside, if ETH fails to hold the $2,480 support zone, we could see a pullback to retest the 100-day SMA near $2,065. Featured image from Dall-E, chart from TradingView

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.”