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Who is James Wynn crypto? Wynn has carved out a strange kind of fame in crypto circles—part trader, part spectacle. His massive wins, even bigger losses, and relentless need to raise funds have put him under a microscope. And now, Wynn is back opening another leveraged long! (X) The problem with talking to the crowd in the arena is that the market moves by when the mass man’s spirit is broken: that’s when it will move, after he has been liquidated repeatedly and gives up on the idea. There are many such cases, but maybe it’ll work out for Wynn this time! Here’s his address if you want to watch the fun. Who Is James Wynn Crypto? Betting Big with $100 Million BTC Long at 40X Leverage After vowing to walk away, James Wynn did the opposite. On Monday, he dropped $20,000 in donations into Hyperliquid to tweak his $100 million Bitcoin long, moving his liquidation price by a sliver. At 40X leverage, every tick matters. Wynn’s rise was pure crypto legend: $7,000 in, $25 million out. But the comeback tour has been brutal. His unrealized gains have evaporated, millions vanished, and his account showed just $16 at one point. He’s still trading—now with other people’s money. The general idea in investing, or at least what I learned in school, is that you reduce risk as your capital increases. Wynn is the anomaly that does the opposite. GOATED. Hyperliquid’s HYPE Token Hits New Highs In May, Wynn aligned himself with Andrew Tate to promote Moonpig, a memecoin already weighed down by controversy. The collaboration blurred the line between bad judgment and deliberate provocation. Whether Wynn is running cover for a scheme or just addicted to the spotlight remains an open question. Hyperliquid, the venue for most of his trades, hasn’t missed a beat. It’s HYPE token broke records last month, and the exchange cleared $244 billion in volume. Wynn may be the court jester, but the kingdom he plays in is booming. Crypto platform Moonpay quipped, “Wake me up when there’s a better main character.” Lessons from Wynn’s Chaos Wynn’s latest position leaves him perilously close to liquidation, with Bitcoin’s recent movements teetering between $103,613 and $105,000. Whether he emerges from this chaos as a winner or a cautionary tale, one thing is clear—James Wynn has solidified his place as one of the most unpredictable characters in crypto. DISCOVER: Best Meme Coin ICOs to Invest in 2025 EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Who is James Wynn crypto? Wynn has carved out a strange kind of fame in crypto circles—part trader, part spectacle. Wynn’s latest position leaves him perilously close to liquidation, with Bitcoin’s recent movements teetering between $103,613 and $105,000. The post Who Is James Wynn Crypto? Wynn Opens Another Leveraged Long appeared first on 99Bitcoins.

XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones. Legal overhang, mixed market signals, and a fragile macro backdrop have traders on edge, waiting to see which way this thing breaks. (XRPTUSDT) XRP Crypto Slips with Bearish Indicators in Focus XRP slid nearly 1% on Monday, trading at $2.1540 and drawing attention to its long-held $1.76 support. The technicals aren’t friendly—RSI is trending lower at 39, and the MACD is bleeding red below the neutral line. A continued slide could force an 18% drop back to that key level. Still, the $2 zone isn’t giving up easily. Weekend gains of $2.08 offered a brief bounce, reinforcing the idea that this range may be the line between panic and patience for XRP holders. https://twitter.com/xatdabeach/status/1928667715184492893 Ripple’s ongoing legal battle with the SEC looms over XRP’s price action. A recent filing questioning interpretations of the Howey Test has added new dimensions to the case, amplifying concerns over regulatory clarity. Meanwhile, Bitcoin’s continued consolidation has created a risk-off market sentiment, which is evident in the $28 million outflows from XRP investment products last week. Could a Breakout Above $2.56 Be on the Horizon For XRP Crypto? Despite bearish overtones, some analysts see a glimmer of hope for XRP bulls. A new wave count analysis combining Elliott Wave Theory and Wyckoff reaccumulation principles suggests an upcoming bullish breakout. According to ‘Charting Prodigy,’ a crypto analyst on X, XRP has completed its corrective Wave 2 and is entering a powerful sub-wave 3. The key trigger level to watch is $2.56. “A breakout above $2.56 could launch XRP into a rapid markup phase, targeting $2.9 to $3.4,” the analyst explained. The bullish thesis is further strengthened by the emergence of Wyckoff accumulation structures and a bullish divergence forming on the MACD. What to Watch for Next XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal. A loss of these supports could lead to steep declines, while a convincing breakout above $2.56 could mark the beginning of a significant rally. DISCOVER: Best Meme Coin ICOs to Invest in 2025 EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones. XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal. The post Experts Say XRP Crypto Is About to Dump to Below $2: Here’s Why XRP Price Will Top Blast appeared first on 99Bitcoins.

According to a recent video by angel investor and crypto influencer Armando Pantoja, many XRP holders feel stuck as rival coins keep climbing. He pointed out that focusing only on getting XRP to $10,000 misses the point. Instead, he urged people to look at returns and real uses. This shift in perspective could change how investors see the token’s potential. Emphasis On ROI Based on reports, Pantoja noted that wanting XRP at $10,000 is unrealistic. He said you can get the same gains without waiting for that sky-high price. For example, Bitcoin would need to hit over $300,000 to triple your stake if you bought it at today’s levels. But XRP only needs to reach about $8 from its current trading price near $2.30 to yield the same ROI. That’s a big gap. If you bought XRP at $2.30, a move to $8 feels more achievable—for some, at least. While Bitcoin’s market cap towers over others, XRP’s total value is around 7% of that of Bitcoin’s. This smaller size means it could swing more on positive news. Comparing Market Caps And Gains Bitcoin recently touched a new all-time high near $112,000. Meanwhile, XRP held around $2.30 in value. Investors pointed to this gap as proof that XRP had no momentum. But Pantoja reminded his audience that XRP climbed over 300% over the past year, while Bitcoin rose by 50% over the same period. Those figures show that past performance for XRP has outpaced Bitcoin’s in percentage terms. This is based on reports that track prices from June last year to now. Still, the wider market’s focus tends to follow Bitcoin’s chart. When BTC booms, altcoins often run too. But sometimes they trail behind or fall back harder. XRP’s Payment Use Case Based on reports around its network, XRP stands out for speed and cost. It can settle a payment in a matter of seconds and handle up to 1,500 transactions per second. That’s fast, especially when compared to the SWIFT network used by banks. Fees are low enough that moving funds across borders can cost mere pennies. Pantoja said this real-world utility is more valuable than hype. He urged investors to think about banks or money-service companies adopting XRP for cross-border transfers. Such adoption could drive demand more than price rumors ever will. Investor Perspective And Risks Meanwhile, investors shouldn’t ignore risks. XRP still faces a legal fight with the US Securities and Exchange Commission. That uncertainty has made many traders wary. Bigger players in finance tend to wait until the case wraps up before making big moves. Featured image from Unsplash, chart from TradingView

Ecuador-focused SolGold (LON, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange, effective at the close of trading on June 18. The miner will maintain its listing on the London Stock Exchange while it also considers a secondary listing in the Australian Stock Exchange. Originally founded in Australia and now headquartered in London, SolGold recently appointed Dan Vujcic as its new chief executive. The former investment banker at Morgan Stanley and Citigroup, and most recently CFO of MAC Copper (ASX: MAC), called the ASX a “natural home” for the company’s copper and gold portfolio in an interview with MINING.COM earlier this year. The firm, backed by some of the biggest names in the industry including BHP (ASX: BHP) and Newmont (NYSE: NEM), is advancing plans to accelerate development at its flagship Cascabel copper-gold project in northern Ecuador. It’s among to begin production as early as 2028, three to four years ahead of the previous timeline. The updated strategy would start with open-pit mining before moving underground. SolGold believes the scale of Cascabel positions it as a potential multi-generational asset, with the size to rank among the 20 largest copper-gold mines in South America. Strategic overhaul The accelerated plan is part of a broader realignment that includes the creation of a subsidiary to hold SolGold’s exploration assets. These are 89 licenses across more than 3,000 km² of highly prospective copper-gold targets. The move comes as the global copper market tightens, with demand rising due to the metal’s critical role in electrification and new discoveries becoming increasingly scarce. SolGold expects the structural shift and accelerated development timeline will better position it with investors, especially amid rising geopolitical uncertainty and tariff-driven shifts in global supply chains.

Recent developments in the Coinbase crypto scam case suggest that the crypto exchange knew about the data leak for a while. According to an article published on 3 May 2025 by Reuters, Coinbase had known about the data leak since January. TaskUs, an outsourcing firm, is connected to this breach that might cost Coinbase up to $400 million in damages. According to a 14 May 2025 SEC filing, an Indian employee at the company took pictures of her work computer using her private phone, contributing to the breach. The Indian employee, along with her accomplice, was allegedly stealing Coinbase customer data and selling it to hackers for monetary gain. Once caught, Coinbase was immediately notified of this matter. More than 200 TaskUs employees were then let go of their positions after Coinbase was notified of this incident. TaskUs, in their statement, said, “We believe these two individuals were recruited by a much broader, coordinated criminal campaign against this client that also impacted several other providers servicing this client.” Plaintiffs had previously filed a class action lawsuit in a Manhattan court to establish a link between TaskUs and the data breach last week. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Coinbase Crypto Scam Explained It all came to a head on 11 May 2025 when Coinbase received an anonymous email claiming to have stolen customer data. The investigation revealed that hackers had bribed several employees to obtain access to internal communication, data, and tools. The hackers then proceeded to impersonate Coinbase staff and trick the users on the platform to hand over their crypto. Furthermore, they then demanded that Coinbase pay a ransom of $20 million to prevent the release of the stolen data. Coinbase played hardball instead and went public with the incident. They promised to reimburse those affected and have also set up a $20 million fund for those who can help the company bring the perpetrators to justice. The crypto exchange has reminded its users that asking for passwords is not an operating procedure that the company follows and has urged users to remain vigilant in this matter. The $400 million damage that Coinbase faces includes costs involving reimbursing users, fixing the breach and legal resources that the company might take. Interestingly, this is not the first time that TaskUs has faced accusations of a data breach. Ledger, a crypto wallet maker, accused the company of leaking sensitive information along with Shopify in 2022. According to the lawsuit, TaskUs and Shopify knew about the data leak for over a week before notifying their customers. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Hackers are Now Targeting Bigger Exchanges According to a Chainalysis report, hackers stole approximately $2.2 billion worth of crypto from crypto platforms in 2024. Hackers are now getting more creative and going after bigger exchanges. Similar to hackers impersonating Coinbase representatives, hackers in Australia were impersonating Binance representatives to gain access to crypto wallets. The modus operandi was somewhat similar, leading to the Australian authorities launching Operation Firestorm in collaboration with international law agencies to nab the culprits. Explore: Top Solana Meme Coins to Buy in June 2025 Key Takeaways An Indian employee at the outsourcing firm TaskUs took pictures of her work computer using her private phone, contributing to the breach Leder, a crypto wallet maker, has previously accused TaskUs of a data breach Hackers are now going after bigger exchanges like Binance and Coinbase The post Coinbase Crypto Scam Linked to Customer Data Leak in India appeared first on 99Bitcoins.

Overview: The US dollar is firmer against all the G10 currencies, but its gains have been muted, and "consolidation" better characterizes the price action. What were seen as dovish central bank minutes has dragged the Australian dollar down the most among the major currencies, and it is off a little more than 0.5%. The Canadian dollar is down the least (less than 0.10%). Additional dollar gains in early North America look likely. Emerging market currencies are more mixed. Central European currencies the laggards today, while the Russian ruble, Malaysian Ringgit, and Chinese yuan lead the advancers. The market took news of the collapse of the Dutch government in stride. The euro is heavier, off around 0.25%, which is a middling performance today, while Dutch 10-year yields re slightly lower but within the range of European yields today, which are mostly 1-2 bp lower. The strong reception at the UK long-bond auction lent support to the 10-year Gilt, whose yield is off about six basis points today. The 10-year US Treasury yield is off almost three basis points to 4.41%. Japan's 30-year yield drifted lower for the third consecutive session, while the 40-year edged higher for the first time in four sessions today. Equity markets were mixed. The large bourses but Tokyo and India were higher in the Asia Pacific. Europe's Stoxx 600 is off (~0.25%) for the second consecutive session and US index futures are around 0.35% lower. Gold was sold after it reached a four-week high near $3392. It is now below $3360. After yesterday's 2.8% rally, July WTI is consolidating in the upper end of yesterday's range (it reached almost $63.90) and is near $62.75 now having settled near $62.50. USD: The Dollar Index slipped briefly through yesterday's lows earlier today before it stabilized and turned higher. The low was slightly below 98.60 and it recovered to almost 99.00. The April low, which was also a three-year low, was closer to 97.90. The focus is on the breakdown of US-China's truce, the doubling of US steel and aluminum tariffs (as of tomorrow), and speculation that Russia will retaliate for the Ukraine's bold drone strike. The OECD's updated forecasts cut this year's growth projection for the US to 1.6% from 2.8% anticipated in March (2.9% for the world, down from 3.3%). Moreover, it warned of the inflationary impact of the tariffs. Most of the news in today's factory orders was already contained in the poor preliminary durable goods orders report that was weighed down by the precipitous drop in Boeing orders, but weakness was seen in the core orders (excluding aircraft and defense). The JOLTS report has lost some of its market appeal. In any event, the median forecast in Bloomberg's survey is for job openings to have fallen to 7.1 mln in April, which would be the lowest since the end of 2020. May auto sales will be reported through the day, but a slower pace is expected. In fact, it could be the first back-to-back decline since Oct/Nov 2023. Auto sales jumped to 17.77 mln seasonally adjusted annual pace in March as businesses and households tried to get ahead of the tariffs. It was the highest since October 2017. Recall that consumption was revised lower in the Q1 GDP figures (1.2% vs. 1.8%). Retail sales were sluggish in April and a decline in auto sales will underscore the weaker demand for consumer durables. EURO: The euro reached a six-week high near $1.1450 in North American turnover, a little before the European session ended. It pulled back toward the $1.1415 in the North American afternoon but recovered to approach session highs in late dealings. It reached a new high near $1.1455 before being pushed back to $1.1400. The fall of the Dutch government after Wilders' Freedom Party left the coalition in a dispute about immigrations seemed to have little impact. A move, and especially a settlement below $1.1385, weakens the technical tone. Ahead of Thursday's ECB meeting, the preliminary eurozone May CPI was reported. The flat month-over-month reading allowed the year-over-year rate to ease to 1.9% from 2.2%. The core rate eased to 2.3% from 2.7%. Both were a little softer than expected. The base effect, in this case, the low readings in Q3 24, warns of upside risks after this month. That reinforces the case for the ECB to pause after this week's cut, and ahead of what ECB President Lagarde suggests is the neutral rate (1.75%). Switzerland reported its May CPI. Its national measure saw the year-over-year rate slip below zero for the first time since March 2021 (-0.1%) while the EU harmonized measure fell to -0.2% from 0.3% year-over-year. The Swiss National Bank meets on June 19, and the lowly inflation risks a return to negative policy rate, which currently stands at 0.25%. The swaps market has 33 bp of cuts discounted at this month's meeting. In a close call, we lean toward a quarter-point cut. CNY: Even though the dollar fell against most currencies yesterday, the offshore yuan was one of the exceptions. The dollar eked out a small gain. It rose to a nine-session high near CNH7.2240 but was trading near the middle of the session’s range (~CNH7.2010-CNH7.2240) in late turnover. Despite the greenback's firmer tone today, it has been sold against the yuan. The dollar returned to the CNH7.1855 area. Last Friday's low was nearCNH7.1815. The PBOC set the dollar's reference rate slightly higher (CNY7.1869 vs. CNY7.1848 yesterday). The Caixin's manufacturing PMI runs a little stronger than the China Federation of Logistics & Purchasing version and May stands out as an exception. The Caixin iteration fell to 48.3 from 50.4. The median forecast in Bloomberg's survey was for a small gain to 50.7. It was below 50 twice last year (July and September). The "official" one rose to 49.5 and 49.0. It was above 50 in February and March. JPY: The doubling of US steel and aluminum tariffs would seem to make trade talks between the US and Japan more difficult. Prime Minister Ishiba was quoted on the news wires declaring that Japan has no intention on compromising on US tariffs. The dollar has been sold to a five-day low today near JPY142.40. It traded below the trendline that held yesterday, drawn of the April and May lows, near JPY142.50 today. It recovered to around JPY143.25 before consolidating. The intraday momentum indicators suggest it can challenge the session highs in North America. GBP: Sterling reached $1.3560 yesterday as it approached last week's three-year high near $1.3595. It trended lower in the North American afternoon and fell to around $1.3515, which was below the low set in Europe (~slightly under $1.3520). Yesterday's high has held today, and sterling was sold back to almost $1.3500. Support is seen in the $1.3480 area and a break of could target last week's low by $1.3415. CAD: The US dollar recovered after having been sold to a marginal new low for the year near CAD1.3675. It has held above CAD1.3700 today. Last week's low was around CAD1.3685. Nearby resistance is seen near CAD1.3750. Canada's economy is soft but underlying inflation rose. This puts the Bank of Canada in a difficult position when it meets tomorrow. The swaps market is discounting about a 1-in-5 chance of a cut. Before the inflation data, there was around a 2-in-3 chance of a cut discounted. The newest responses in Bloomberg's survey were sufficient to push the median from a rate cut to standing pat. The swaps market has almost 43 bp of cuts between now and the end of the year. May 1 was the last time the swaps market was fully discounting two cuts this year. AUD: The Australian dollar approached support in the second half of last week near $0.6400, and the broad US dollar weakness saw it test the $0.6500 area yesterday. Despite several intraday violations last month, the Aussie has not been able to close above there. The What was seen as confirmation of a dovish bias in the minutes from the recent central bank meeting that resulted in a quarter-point cut though a half-point move was considered, sent the Aussie back to around $0.6450 today. Australia's Q1 inventories (up 0.8%, more than expected)) and net exports (f-0.1% as a percentage of GDP) will help economists make last minute revisions to Q1 GDP, which is due on Thursday. Growth in Q1 looks to be round 0.4% after 0.6% growth in Q4 24. The futures market favors another rate cut next month (~80% chance, up from a 50% chance in the middle of last week). MXN: The peso again displayed remarkable resilience. Ahead of the weekend judicial vote, the peso had softened. The dollar set new highs for the week ahead of the weekend a little below MXN19.44. It also settled above the 20-day moving average for the first time since mid-April. Nevertheless, the peso came back strongly yesterday. In fact, it was the strongest among emerging market currencies yesterday, with around a 1.15% gain. It was the largest gain since early April. The greenback recorded the low for the year last week around MXN19.1830. The dollar recorded a bearish outside down day yesterday by trading on both sides of the previous session's range and settling below its low. The dollar is pinned near yesterday's lows in quiet turnover. Today's range so far is about MXN19.2030-MXN19.2435). Assuming it is pushed through last week's low we target the 200-day moving average initially that is near MXN19.0460. For the better part of the past six weeks, the dollar has been chopping in a range between BRL5.60 and BRL5.75 with a few exceptions. Before the weekend Moody's cut the outlook for its Baa1 rating to stable from positive. The local currency 10-year yield eased by a single basis point but other sovereign yields in the region rose. Disclaimer

In case you’ve been living under a rock, Trump’s been making TACOs recently. The acronym, for Trump Always Chickens Out, has become a major talking point when analyzing Trump’s ongoing trade war. Could it explain why most cryptos are trading sideways at the moment? Given the market uncertainty due to Trump’s constantly changing trade wars, Bitcoin is losing some of its shine, and people are asking, What are the best altcoins to buy now? Time for a closer look. Trump, Master of Unpredictability, Continues His Work What’s the single biggest factor limiting crypto growth right now? It’s not the US regulatory environment, which is increasingly pro-crypto. Indeed, right now Congress is in session debating a landmark stablecoin bill. It’s not even the US economy, which has proven surprisingly resilient. It’s Trump’s approach to the trade wars he himself initiated. On key geopolitical issues, like the war in Ukraine, Trump shows signs of changing his tune. And on tariffs and direct trade-related matters, he’s again demonstrating his trademark indecision, with a surprise increase in steel and aluminum tariffs (mostly targeted at China) the latest development. The cryptocurrency market has had to grapple with the fallout, as President Trump’s erratic economic strategies cast a shadow over investor confidence and stall the momentum of digital assets. That was clear in $BTC ETF outflows following Trump’s latest announcements. A net $430M outflow on Friday and another $130M on Monday highlight how rattled investors are. Adding to the risk potential is the approaching end to the 90-day ‘pause’ in tariffs Trump placed on most US trading partners. We’re well over halfway through the pause period, and sky-high tariffs could resume as early as July unless something changes. And yet, TACO uncertainty hasn’t caused widespread losses, but rather a curious mixture of gains, sideways trading, and localized losses. Market Stability Hides Crypto Gains and Falls For one thing, Bitcoin has remained remarkably stable, mainly trading sideways around $105K. There’s not a lot of movement lately, with $BTC down around 0.2% over the past 24 hours. Despite this, market sentiment remains pro-Bitcoin, with news of more companies moving to purchase Bitcoin. Beyond Bitcoin, the rest of the crypto market is a mixed bag. Solana ($SOL) – down 9.4% over the past week, as questions remain about proposed $SOL ETFs Dogecoin ($DOGE) – down 15% over seven days, even as Elon Musk leaves the US Department of Government Efficiency (DOGE) XRP ($XRP) – down 5.34% over the week, even while trading volume remains high Cardano ($ADA) – down 10.33% in a week, but up 3.16% daily, fighting to break through a key $0.70 price barrier It can’t all be blamed on Trump; $XRP and $ADA’s trials could be down to their waiting on the SEC for long-running ETF applications. But, as far as uncertainty goes, even SEC Commissioner Caroline Crenshaw says the SEC needs to do more to provide clarity. While Trump and the SEC decide what to do next, crypto presses on. Here are three of the best altcoins poised to quietly make big gains despite the uncertainty. BTC Bull Token ($BTCBULL) – Free Bitcoin Airdrops for $BTCBULL Holders What’s one way to profit from crypto? Build a project around the most profitable crypto, Bitcoin itself. BTC Bull ($BTCBULL) does just that. Buy $BTCBULL, hold it on your Best Wallet app, and you could earn free $BTC when Bitcoin’s price reaches $150K and $200K. You can also look forward to a mega $BTCBULL airdrop when Bitcoin reaches $250K. It’s one of the easiest ways to diversify your exposure to Bitcoin. With $BTCBULL, you have four ways to earn: Presale $BTCBULL staking $BTCBULL price increase post-launch $BTC airdrop for token holders using Best Wallet app $BTCBULL airdrop when Bitcoin hits $250K On the other hand, token burns for $BTCBULL are programmed for when $BTC hits $125K, $175K, and $225K, reducing supply and driving up the price of $BTCBULL. This Yin and Yang structure of alternate airdrops and token burns keeps $BTCBULL moving in tandem with $BTC, though at a far, far lower price. $BTCBULL currently costs just $0.002545, but our price prediction shows the token could increase 230% to reach $0.0084 by year’s end. Remember to hold your tokens in the Best Wallet app and stay tuned to the $BTCBULL X channel to ensure you get your share of those airdrops. When the requirements are posted, act fast to secure your free Bitcoin. Visit BTC Bull Token presale page. Cardano ($ADA) – Will Growing Adoption Power $ADA Past Resistance? Cardano has an interesting story. Only a few years ago, it was touted as one of the legendary ‘Ethereum killers,’ heir to Ethereum’s spot as the number 2 crypto behind Bitcoin. Cardano and XRP, among others, were tipped to break through with faster transaction speeds and lower fees, stealing Ethereum’s crown as the leading DeFi protocol. These days, though, Ethereum seems safer than ever in second place. So, rather than try to replace Ethereum, chains like Cardano have evolved alongside it. The Cardano network recently passed 110M transactions, indicating broad adoption and support. And yet, the token’s price hasn’t been able to break through the $0.70 resistance mark, held back by futures volatility and ETF uncertainty. If it does push through, could Cardano make big gains and return to its recent highs above $1.20? Best Wallet Token ($BEST) – Top Utility for Next-Generation Crypto Wallet Best Wallet Token ($BEST) is the native token of a top Web3 wallet, Best Wallet. Aside from being non-custodial, no-KYC, multi-chain, and highly secure, the Best Wallet app is the only crypto wallet focusing on presales. It offers a built-in ‘Upcoming Tokens’ section that gathers the top crypto presales in one place, letting investors research and purchase tokens long before they reach the open market. The $BEST token dials wallet functionality up to 11, adding: Early access to the best new crypto projects Higher staking rewards Reduced transaction fees $BEST holders can also participate in community governance and make their voice heard on the direction of the project. The Best Wallet app is easy to use without compromising security. Best Wallet users can also look forward to the arrival of Best Card, which will let them use crypto to pay for goods and services offline as easily as using a credit card. The Wallet + Card +Token combo could push $BEST to $0.035215– up 40% from its current $0.025125, as our price prediction shows. Learn how to buy Best Wallet token, and join a presale already past the $12.9M mark. Visit Best Wallet Token. Will Trump TACOs Deliver Good Deals? The big question with TACO is this; is Trump shooting from the hip, or orchestrating a masterful deal? If uncertainty continues, Bitcoin and the best altcoins could continue to muddle along without significant gains or losses. But if Trump demonstrates his art of the deal one more time, it could send Bitcoin – and $BTCBULL, $ADA, and $BEST – rocketing upwards. Remember, though – always do your own research. This is not financial advice.

Asian Session Market Wrap Markets failed to hold onto late US session gains as markets were hoping for positive news regarding a potential Trump-Xi meeting. US Equity Futures are down in the Asian session with the S&P 500 down around approximately 0.6%. In Asia, a key measure of regional stocks went up by 0.1%, breaking a three-day losing streak. Chinese stocks in Hong Kong rose as investors hoped for more government support after factory activity unexpectedly dropped in May. The US Dollar is on the up this morning, with the greenback gaining against the majority of its G10 counterparts. Power Currency Balance close Source: TradingView.com (click to enlarge) /media/images/DE30EUR_2025-06-03_10-58-31.width-1400.png Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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.

Ethereum is changing hands near $2,600 in midday European trading on 3 June, trimming minor overnight gains but still holding a six-week up-trend that began in late April. In a new video analysis, technical strategist Kevin (@Kev_Capital_TA) argues that the price plateau masks a structural shift now visible on every major Ethereum chart. “I’m seeing things that are so historical that I had to make a video about it—it just cannot be ignored,” he told viewers at the outset. Ethereum Flashes Bullish Setup Not Seen Since 2020 On the monthly ETH-USD chart, Kevin begins by zooming out to the monthly ETH-USD chart. The price, he reminds viewers, has “done nothing but trade in a massive range” ever since April 2021, masking the kind of compression that often precedes violent expansion. The tell-tale turn, in his view, came this April when Ethereum wicked into the $1,400 area only to reverse and close with a candle he labels a “massive demand candle.” That pattern, he notes, has appeared only twice before on a monthly ETH chart—each time after a major correction and each time followed by sustained upside. The May candle delivered confirmation: a 41% body that lifted price back above the long-term super-trend, an area many technicians had already written off as “guaranteed to break.” What makes the structure “so historical,” Kevin argues, is the alignment of high-momentum indicators that rarely fire together. The monthly stochastic RSI is about to execute what he calls a “V-shaped cross” out of oversold territory; the last clean cross marked the 2020 macro bottom. The MACD histogram, meanwhile, has been compressing into what he likens to a symmetrical triangle that has taken four years to complete, signalling “coiled energy” that can only resolve in a large directional move. Even on-chain money-flow readings, he says, are “tied for the lowest level in history—but already reversing,” implying that deep-pocketed holders have begun to accumulate while retail sentiment remains subdued. Kevin then pivots to the dominance metrics that, in his framework, dictate whether a move in Ethereum can spill over into the broader altcoin market. On Ethereum-dominance he pulls up Heikin-Ashi candles to show the first green print in more than a year exactly at the zone that formed the 2019–20 base. “We’re at the same spot ETH dominance bottomed in 2019,” he says, pointing to a series of demand candles that mirror the pre-bull-run pattern of the last cycle. A Market Cipher buy signal has just appeared, the VWAP has crossed the zero line, and money flow is curling up from all-time-low depths. In Kevin’s view, the implication is clear: “Whales are starting to accumulate, and nobody is paying attention.” The ETH/BTC ratio completes the trifecta. Here Kevin shows the pair tagging the 0.5 Fibonacci retracement of the entire 2020-21 advance, printing its own demand candles and flipping green on the Heikin-Ashi readout. More striking to him is the monthly stochastic RSI, which has spent 1,066 days—almost three full years—below the 20 threshold that traditionally marks bear-market exhaustion. “It’s game time,” he declares. “This thing is getting ready to cross back up, and the negativity on ETH is happening right under everyone’s nose.” Underlying the technical case is a macro backdrop Kevin believes is becoming incrementally supportive. “You don’t actually need the Fed to cut,” he tells viewers. “We just need guidance—looser policy on the horizon, decent inflation prints—and Ethereum will do the rest.” Historically, he argues, a decisive rotation in ETH has been the trigger for what he calls “durable altcoin outperformance,” because it signals that risk capital is migrating down the market-cap spectrum. In that sense, a true Ethereum breakout is less a single-asset story than a signal for an entire sector. Sceptics will note that Ethereum still faces heavy resistance in the $2,800–3,000 zone and that previous rallies have stalled at that ceiling. Kevin concedes the level is critical but insists the weight of monthly signals makes a sustained breach increasingly likely. “These are monthly timeframes,” he cautions. “They don’t play out overnight, but the evidence says the multi-year bear market in ETH-BTC is ending.” At press time, ETH traded at $2,607.

There are growing signs the U.S. economy has entered a slow patch in the first half of the year. From a negative growth reading in the first quarter to a sharp increase in Americans collecting unemployment checks, uncertainty about what lies ahead is showing up in the data. In the midst of it all, gold is the top-performing asset of the year with a 22% year-to-date gain. The case for gold ownership remains strong, and in a late May report, Goldman Sachs urged investors to buy gold and oil to reduce portfolio risk. “Following the recent failure of U.S. bonds to protect against equity downside and the rapid rise in U.S. borrowing costs, investors seek protection for equity-bond portfolios. During any 12 months when real returns were negative for both stocks and bonds, either oil or gold have delivered positive real returns,” Goldman said. Let’s dive into the economic picture. Gross Domestic Product (GDP) Growth In the first quarter of 2025, the U.S. economy went into reverse. After growing in 2024, economic growth turned negative in the first three months of 2025, shrinking by 0.2%, the Bureau of Economic Analysis said in its revision to the government data. Slowing consumer spending, a downturn in government spending, and an 11.3% decline in corporate profits were to blame. With profits slowing, there is probably little incentive for businesses to boost hiring. Americans Collecting Unemployment Checks Hit 3 1/2 Year High The number of Americans filing new applications for jobless benefits increased more than expected in late May. Initial claims for state unemployment benefits rose 14,000 to 240,000 for the week ended May 24, the Labor Department said. The number of Americans collecting unemployment checks in mid-May hit the largest number in 3 1/2 years. This raises the risk that the overall unemployment rate could tick up to 4.3% in the May employment report, from 4.2% in April. Spring Home Sales on Ice Just as the spring home-selling season is supposed to be kicking into high gear, pending home sales dropped by 6.3% in April, the National Association of Realtors reported. Pending home sales fell in all four U.S. regions, NAR said. “At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun. Despite an increase in housing inventory, we are not seeing higher home sales. Lower mortgage rates are essential to bring home buyers back into the housing market.” As of May 29, interest rates for a 30-year fixed-rate mortgage stood at 6.89%, the third weekly increase, according to Freddie Mac. Next Stop: Gold at $4,000 Amid the signs of economic weakness, investors are turning to the safety of gold. For those investors wondering if it’s too late to buy gold given the big jump already this year, the short answer is no. Gold is in a strong bull market, and precious metals continue to climb. Goldman Sachs targets additional gains in gold prices to the $4,000 area by 2026, but the firm said that even a small move away from the U.S. bond market could drive gold far beyond the $4,000 level. Don’t wait to increase your allocation to gold; make your move today. Photo by Aidan Tottori on Unsplash The post Economic Data Shows Cracks in Growth Picture. Gold Up 22% YTD appeared first on Blanchard and Company.

There are growing signs the U.S. economy has entered a slow patch in the first half of the year. From a negative growth reading in the first quarter to a sharp increase in Americans collecting unemployment checks, uncertainty about what lies ahead is showing up in the data. In the midst of it all, gold is the top-performing asset of the year with a 22% year-to-date gain. The case for gold ownership remains strong, and in a late May report, Goldman Sachs urged investors to buy gold and oil to reduce portfolio risk. “Following the recent failure of U.S. bonds to protect against equity downside and the rapid rise in U.S. borrowing costs, investors seek protection for equity-bond portfolios. During any 12 months when real returns were negative for both stocks and bonds, either oil or gold have delivered positive real returns,” Goldman said. Let’s dive into the economic picture. Gross Domestic Product (GDP) Growth In the first quarter of 2025, the U.S. economy went into reverse. After growing in 2024, economic growth turned negative in the first three months of 2025, shrinking by 0.2%, the Bureau of Economic Analysis said in its revision to the government data. Slowing consumer spending, a downturn in government spending, and an 11.3% decline in corporate profits were to blame. With profits slowing, there is probably little incentive for businesses to boost hiring. Americans Collecting Unemployment Checks Hit 3 1/2 Year High The number of Americans filing new applications for jobless benefits increased more than expected in late May. Initial claims for state unemployment benefits rose 14,000 to 240,000 for the week ended May 24, the Labor Department said. The number of Americans collecting unemployment checks in mid-May hit the largest number in 3 1/2 years. This raises the risk that the overall unemployment rate could tick up to 4.3% in the May employment report, from 4.2% in April. Spring Home Sales on Ice Just as the spring home-selling season is supposed to be kicking into high gear, pending home sales dropped by 6.3% in April, the National Association of Realtors reported. Pending home sales fell in all four U.S. regions, NAR said. “At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun. Despite an increase in housing inventory, we are not seeing higher home sales. Lower mortgage rates are essential to bring home buyers back into the housing market.” As of May 29, interest rates for a 30-year fixed-rate mortgage stood at 6.89%, the third weekly increase, according to Freddie Mac. Next Stop: Gold at $4,000 Amid the signs of economic weakness, investors are turning to the safety of gold. For those investors wondering if it’s too late to buy gold given the big jump already this year, the short answer is no. Gold is in a strong bull market, and precious metals continue to climb. Goldman Sachs targets additional gains in gold prices to the $4,000 area by 2026, but the firm said that even a small move away from the U.S. bond market could drive gold far beyond the $4,000 level. Don’t wait to increase your allocation to gold; make your move today. Photo by Aidan Tottori on Unsplash The post Economic Data Shows Cracks in Growth Picture. Gold Up 22% YTD appeared first on Blanchard and Company.

On 2 June 2025, Robinhood announced acquiring the 2011-founded global cryptocurrency exchange Bitstamp. The acquisition is mainly part of Robinhood’s efforts to expand its crypto services worldwide. Importantly, the $200 million deal will give Robinhood the edge it sought as it introduces its first institutional crypto business. “The acquisition of Bitstamp is a major step in growing our crypto business,” said Johann Kerbrat, General Manager of Robinhood Crypto. “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.” JB Graftieaux, CEO of Bitstamp, commented on the deal as well. He said, “Bringing Bitstamp’s platform and expertise into Robinhood’s ecosystem will give users an enhanced trading experience with a continuing commitment to compliance, security, and customer-centricity.” DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Bitstamp Has Customer Base Across EU, UK, US, Asia Bitstamp – the world’s oldest crypto exchange – offers its robust product offering that can significantly enhance Robinhood’s crypto product for customers across the globe. Furthermore, Robinhood assured that customers can expect the same level of service, security and reliability “they’ve come to expect from both companies.” “Bitstamp’s highly trusted and long standing global exchange has shown resilience through market cycles,” added Kerbrat. “By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.” “As the world’s longest-running cryptocurrency exchange, Bitstamp is known as one of the most-trusted and transparent crypto platforms worldwide,” added Graftieaux. DISCOVER: 10+ Crypto Tokens That Can Hit 1000x in 2025 Explore Best Crypto To Buy! After a multi-month presale that secured an impressive $12.5m in funding, MIND of Pepe is finally launching in less than six hours. Investors have until 2 pm UTC today (June 3) to gain exposure to one of the most exciting AI Agent projects. The official MIND X account said that although the presale is over, investors can still secure the MIND token at the initial listing price. This means its the last chance to jump in before the open market decides just how high MIND will go. Claiming MIND tokens purchased during presale will take place today at 2pm UTC. It is the same time that MIND goes live on the Uniswap DEX. There are also rumors of a possible CEX listing for MIND. This has created murmurings within the community that it will be the next Binance listing. To secure MIND tokens at the initial listing price before the token lists on exchanges later today, head to the MIND of Pepe website, connect your wallet (Best Wallet is recommended), and purchase using ETH. You can download Best Wallet on Google Play or the Apple App Store. Join the MIND of Pepe community on Telegram and X for launch updates, token claim walkthroughs, and any surprise announcements from the team. Visit MIND of Pepe DISCOVER: Best New Cryptocurrencies To Invest In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Robinhood has acquired Bitstamp – the world’s oldest crypto exchange – to expand to the EU, UK, and Asia. Will the deal bring Robinhood at par with Binance, Coinbase and more? The post Robinhood Acquires Bitstamp For $200M To Expand To EU, UK, US, Asia: Explore Best Crypto To Buy! appeared first on 99Bitcoins.

Crypto is not just an asset in South Korea; it is a way of life. With over 18 million people trading digital assets, volumes surpass those of the nation’s two major stock markets, the Kospi and Kosdaq. Crypto has become a political force. And with South Korea standing in front of election week, there’s one guaranteed winner – crypto. 24h7d30d1yAll time Election Outcome? Doesn’t Matter, Crypto Wins Either Way Both presidential candidates, liberal Lee Jae-myung and conservative Kim Moon-soo, have gone full pro-crypto with their election policies. We are talking about less regulation and more access, and even proposing to legalize spot crypto ETFs. Currently, South Koreans are holding over $74.5 billion in crypto. Which, by any measure it is not a small market. Overall, South Korea is becoming a crypto powerhouse. Approaching with caution but also calculated, Korea will definitely win more crypto enthusiasts. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways South Korea’s $884 billion pension fund is about to enter crypto. Korea’s presidential candidates are pro-crypto. How Asia responds to Trump? The post South Korea Crypto Scene Is About To Pop Regardless Who Wins the Election appeared first on 99Bitcoins.

Crypto analyst Doctor Profit has risen in fame for making multiple near-perfect calls for the Bitcoin price. He had predicted the Bitcoin decline from $109,000 back down and then called a bottom at $77,000, predicting the BTC price would bounce to new all-time highs, which it did. Now, with the Bitcoin price recoiling from hitting a new all-time high above $111,000, the crypto analyst is back with next steps and where the cryptocurrency could be headed from here. Why The Bitcoin Price Golden Cross Matters In his X post, Doctor Profit starts out by explaining the psychology of the current market, calling out those who continue to call out for a bear market. He refers to these people as ‘exit liquidity’ for the real players, hinting that they’re wrong for their stance. Rather, he points out an important formation in the Bitcoin price chart and that is the Golden Cross, which appeared last week. The analyst calls the appearance of this Golden Cross “a macro-level signal with historic accuracy.” He explains that since this signal is so rare, but has been right every time, there is no reason to deviate from it. Also, he further explains that the Golden Cross has always been a long-game signal. Hence, results are not expected to start showing so early. The Golden Cross pattern had appeared on the weekly chart, and the crypto analyst highlights its historical accuracy. Each time that the Bitcoin price has formed this Golden Cross, it has usually led to a multi-month rally. If this is the case this cycle, then it suggests that the Bitcoin bull run is far from over. Don’t Worry About The Bears After the Golden Cross pattern appeared, another concerning development had taken place on the Bitcoin price chart and that is a bearish divergence on the weekly timeframe. Normally, this means an end to the rally and that the price could start to plummet. However, the crypto analyst seems unfazed by this. He refers to a similar bearish divergence appearing when the Bitcoin price was trading at $80,000 and nothing happened. Since the cryptocurrency had continued its bullish run at that point, the analyst takes this as a hint that the bearish divergence is lagging and only appeared due to Donald Trump’s tariff announcement last week. “No actionable value here,” Doctor Profit said. Things To Watch Out For So far, Doctor Profit attributes the drawdown in the Bitcoin price to “standard cycle behavior.” This includes profit-taking from short-term holders who bought in the last six months, while long-term holders remain unmoved. Another bullish factor includes the fact that BlackRock’s outflows remain low despite Trump’s renewed tariff war. Formations on the Bitcoin price chart that show bullish tendencies include a Cup and Handle pattern on the daily chart that puts the breakout zone between $113,000 and $115,000. Also, the Bitcoin price has been recording higher highs and higher lows after recording its bottom at $74,000, which shows trend support remains strong. The Bitcoin price is also trading above all major moving averages (MAs), including the 20-day, 50-day, and 200-day moving averages. Last but not least, Doctor Profit also pointed out that the MACD line has crossed above the signal line on the weekly chart. This means that momentum remains in favor of the bulls. Given this, the analyst believes “there is no reason to be scared at all.”

Strategy (previously MicroStrategy), the Bitcoin (BTC) proxy firm led by Michael Saylor, has made headlines again with its latest acquisition of the market’s leading cryptocurrency. In a Monday filing with the US Securities and Exchange Commission (SEC), the company revealed that it purchased an additional 705 BTC between May 26 and June 1, bringing its total holdings to 580,955 coins. Strategy Continues Bitcoin Buying Spree This recent acquisition was made at an aggregate cost of $75.1 million, translating to approximately $106,495 per Bitcoin. Overall, Strategy’s Bitcoin investments now amount to around $40.68 billion, averaging about $70,023 for each token. Following the announcement, Strategy’s stock, MSTR, rose 0.9% to $372.72, while the broader market showed mixed results, with the S&P 500 and the tech-heavy Nasdaq Composite gaining 0.4% and 0.7%, respectively. Though the latest purchase is significant, it is not among the largest on record for the company, which has typically acquired thousands of Bitcoin in a single transaction. The smallest acquisition to date occurred in March, when MicroStrategy purchased just 130 tokens as the price of BTC remained below $85,000. Strategy’s recent buying spree comes amid ongoing macroeconomic uncertainties that have affected cryptocurrency prices. Despite Bitcoin reaching a new all-time high of $111,8000 last week, the cryptocurrency has retraced nearly 6% from its record. Nevertheless, the company has consistently taken advantage of the cryptocurrency’s price dips, marking its eighth consecutive week of Bitcoin purchases, ignoring any price fluctuation. Arkham Tracks 97% Of Saylor’s Holdings In a social media update on Sunday, Saylor hinted at the impending announcement, and on Monday, he shared details about the latest acquisition, stating that Strategy has achieved a Bitcoin yield of 16.9% year-to-date as of June 1, 2025. However, according to blockchain analysis platform Arkham Intelligence, Strategy’s holdings may be even larger than reported, estimating them at nearly 625,000 BTC, valued at approximately $59.92 billion. This estimate includes 70,816 BTC identified by Arkham, which highlights the significant assets held by the company. Arkham noted that it has tracked 97% of Saylor’s Bitcoin holdings, emphasizing that this is the first public acknowledgment of such substantial assets. They clarified that 87.5% of Strategy’s reported holdings consist of Bitcoin, with a portion held in Fidelity Digital’s omnibus custody. Previously, the firm identified about 107,000 BTC that were sent to Fidelity deposits, which are not listed under the Strategy entity due to Fidelity’s custody practices. In total, more than 327,000 BTC are held by Saylor’s Bitcoin proxy firm in segregated custody within the Strategy entity, further solidifying the company’s position as a significant player in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com

An analyst has explained how Bitcoin has been tracking Gold for a while now, which could provide hints about what may be next for BTC. Bitcoin Has Been Following In Gold’s Footsteps on 2-Day Timeframe Last year, Capriole Investments founder Charles Edwards shared in an X post how Bitcoin was following the same structure as the Gold all-time high (ATH). Below is the chart that the analyst posted back then. From the graph, it’s visible that BTC was consolidating at its 2021 ATH in a manner similar to Gold’s movement around the 1980 ATH. The latter’s consolidation ended with it breaking out and rallying to a point two times higher. In a new post, Edwards has shared a late update on how things ended up playing out for Bitcoin. As the consolidation around the respective ATHs already hinted, there indeed ended up being some similarity between the breakouts for the prices of the two assets as well. But this is all in the past, where does the latest Bitcoin price action stack up against Gold? Here is another chart posted by the analyst, highlighting the point BTC is currently at: As Edwards has highlighted in the graph, BTC’s breakout since the consolidation phase around the ATH has continued to resemble Gold’s, except for the fact that BTC’s volatility has been roughly twice as high, in terms of both upward and downward moves. That said, the cryptocurrency’s latest close has looked less promising than what the precious metal displayed at a similar stage in its structure. It’s possible that the two could diverge from here, but in the case that they don’t, Gold’s path may provide a glimpse into what could lie ahead for the coin. As is apparent from the chart, the traditional safe-haven asset saw a significant surge from this point. Based on this, the analyst has noted, “close back above $110K and this will probably go bananas.” It now remains to be seen how things would play out for Bitcoin in the near future. In some other news, the institutional DeFi solutions provider Sentora has shared data related to how the cryptocurrency’s supply is currently distributed among the various segments of the sector. It would appear the individual investors control around 69.4% of the total potential Bitcoin supply. The ETFs and other funds own around 6.1%, while businesses about 4.4%. About 7.5% of all BTC that there ever will be has already been lost due to missing keys and/or being forgotten. BTC Price At the time of writing, Bitcoin is trading around $104,200, down more than 4% in the last week.

The U.S. Securities and Exchange Commission is once again putting the brakes on new crypto ETF proposals. This time, it’s calling out two funds tied to Ethereum and Solana ETFs that were set to offer investors access to staking rewards. The products come from REX Shares and Osprey Funds, and while the ideas sound innovative on paper, the SEC isn’t convinced they’re playing by the rules. The Core Problem: Are These Funds Even Investment Companies? At the heart of the issue is whether these funds meet the legal definition of an investment company under U.S. law. The SEC has a strict view on what qualifies. It wants to know if these funds actually invest in securities as their main activity. If not, they can’t use the usual registration process that most mutual funds or ETFs follow. The regulator is also worried that the language used in the filings might give investors the wrong idea. If the funds don’t technically meet the criteria to be considered investment companies, the SEC doesn’t want them acting like they do. Cayman Islands and Creative Structuring Another thing raising eyebrows is how these funds are structured. Instead of following a straightforward model, they use layers of corporate entities, including C-corporations and offshore subsidiaries in places like the Cayman Islands. That’s not unheard of in the finance world, but it does complicate things. - Price Market Cap - - - 24h 7d 30d 1y All Time Log The SEC says these setups might not comply with Rule 6c-11, which governs how ETFs can be listed and traded in the U.S. If they don’t check all the right boxes, the agency can delay or block their launch. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now The Staking Factor A big selling point of these funds is that they promise exposure to staking rewards. That’s when crypto holders lock up their assets to help run blockchain networks and, in return, earn extra tokens. Staking has become a key part of how networks like Ethereum and Solana function since both now use proof-of-stake models. - Price Market Cap - - - 24h 7d 30d 1y All Time Log The SEC hasn’t banned staking, but it’s been slow to approve products that rely on it. The agency has warned about the risks, like the lack of clear protections for investors and the possibility of returns being misunderstood. It’s also unclear how staking fits into the legal definitions used in traditional finance. What Happens Next? The ETFs technically became effective on May 30, but that doesn’t mean they’re ready to launch. So far, they haven’t been listed on any exchanges, and both REX and Osprey have said they won’t move forward until everything is cleared up. The SEC has hinted that it may take further steps if the concerns aren’t resolved. For now, both companies are trying to work with regulators to sort it out. Whether they succeed could shape the future for other staking-based crypto funds. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 A Bigger Test for Crypto ETFs This is more than just a one-off dispute. The SEC’s reaction here shows how tricky it still is to bring crypto into the ETF world, especially when you start adding newer features like staking. While spot Bitcoin ETFs made it through the regulatory gauntlet earlier this year, anything more complex still faces an uphill climb. How the SEC handles this case will likely set the tone for Ethereum, Solana, and any other staking-linked ETFs that come next. The crypto industry is watching closely. If approved, Ethereum and Solana staking ETFs could offer a new gateway for institutions to tap into proof-of-stake networks legally. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The SEC is delaying Ethereum and Solana staking ETF plans from REX and Osprey due to legal and structural concerns. At issue is whether these funds meet the definition of a U.S. investment company under existing financial laws. The SEC flagged concerns over complex fund structures involving offshore entities like Cayman-based subsidiaries. Staking rewards are a core feature of these ETFs, but the SEC remains cautious about approving such mechanisms for public products. These delays highlight how crypto ETFs with newer features still face steep regulatory hurdles in the U.S. The post SEC Puts Ethereum and Solana ETF Plans on Hold Over Compliance Worries appeared first on 99Bitcoins.

Russia’s biggest bank, Sberbank, just did something most people probably didn’t see coming. They launched a structured bond that links investor payouts directly to how well Bitcoin performs, along with the strength of the US dollar against the Russian ruble. It’s the kind of move that would have raised eyebrows a few years ago, but now it’s being rolled out under full regulatory approval. This is one of the first serious Bitcoin-linked financial products ever offered by a major Russian institution. And while it’s not open to everyday retail investors just yet, it shows that crypto is starting to creep into the heart of traditional finance, even in places where crypto used to be treated more like a problem than a possibility. How the Bond Actually Works The new bond isn’t your typical crypto investment. You won’t need a wallet, and you’re not buying Bitcoin directly. Instead, the bond is structured to reward investors based on two things: whether Bitcoin’s price goes up and whether the dollar strengthens against the ruble. This is being sold over-the-counter and only to qualified investors for now. That means it’s mostly for folks with a solid financial track record, not everyday traders. But it’s still a big deal. It allows people in Russia to get exposure to Bitcoin’s price movements without touching the asset directly. That’s important in a country where financial regulations around crypto have been strict and sometimes confusing. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Everything Stays Inside the System One of the most interesting parts? It’s all done in rubles. Investors don’t have to use international platforms or move money out of the country to get into the product. Everything happens within Russia’s own financial system, which keeps it legal under current rules. - Price Market Cap - - - 24h 7d 30d 1y All Time Log That’s a big shift in tone. For years, Russian regulators were wary of crypto, often calling it risky and speculative. Now, we’re seeing state-linked banks offering exposure to Bitcoin through financial tools people already understand. DISCOVER: Top 20 Crypto to Buy in May 2025 Futures Are Coming Too This isn’t just a one-off experiment. Sberbank states that it will introduce additional products like this on the Moscow Exchange soon. On June 4, the bank plans to launch a Bitcoin futures product on its SberInvestments platform. That’s another way for investors to bet on Bitcoin’s future price, and again, it stays within Russia’s financial system. These new moves are only possible because of a recent shift in policy from the Bank of Russia. The central bank now allows licensed financial institutions to offer Bitcoin-related investment products to qualified investors. That opens the door to more experimentation without throwing the gates wide open to the general public just yet. What This Could Mean Sberbank’s entry into the crypto space is a sign that the conversation around Bitcoin in Russia is shifting. This isn’t about wild speculation or meme coins. It’s about using traditional financial tools to get controlled, legal exposure to Bitcoin. It’s still early days, and for now, only a narrow group of investors can take part. But the writing’s on the wall. The lines between crypto and traditional finance are getting blurrier by the day, and not just in the West. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Sberbank, Russia’s largest bank, launched a structured bond linked to Bitcoin’s performance and USD/RUB exchange rates. This Bitcoin-linked bond is only available to qualified investors and is fully regulated under Russian financial law. The product offers indirect crypto exposure in rubles, without requiring investors to hold Bitcoin or use foreign platforms. Sberbank plans to follow up with Bitcoin futures on the Moscow Exchange, expanding crypto offerings within the Russian system. The launch signals a broader shift in Russia’s approach to crypto, blending digital assets with traditional finance tools. The post Sberbank Russia’s Largest Bank Launches Bitcoin-Linked Bonds appeared first on 99Bitcoins.

Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. Monero Bounces From Range Lows Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend. Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end of April, touching the $340 mark before retracing. The surge was reportedly fueled by a “suspicious transfer” of 3,520 BTC, worth around $330.7 million, from a potential victim of social engineering. According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, leading cryptocurrency to retest a key horizontal level. Despite this, the privacy token continued its rally during the May market recovery, which propelled XMR to a four-year high a week ago, nearing the crucial $420 resistance for the first time since 2021. Now, the market’s recent performance has sent Monero alongside the rest of the leading cryptocurrencies to retest key levels. The token retraced 21% in the past week, briefly losing its three-week price range on Saturday. However, XMR has bounced from this level over the past two days after reclaiming the $325 mark and nearing the $370 resistance. XMR Rally Hangs On This Level Analyst Sjuul from AltCryptoGems affirmed that “Monero has an impressive chart and is likely one of the few ‘dino’ coins not far from breaking its all-time high.” He highlighted that XMR is retesting the recently flipped support and resistance zone, which is key for a rally continuation. Losing the $310-$345 area could send the cryptocurrency toward the gap between this level and the next major support around the $220 mark. Similarly, analyst Rekt Capital previously noted Monero repeated its early 2021 playbook after breaking out of its multi-year accumulation range in Q4 2024, surging above the $286 resistance and hitting last cycle’s high levels. He recently pointed out that XMR has historically ended its bull market around the key $422 resistance, with “this sort of price action for XMR occurs once every four years,” and price rallies into the major resistance “often briefly upside wicking beyond there.” Amid its recent rejection from the $419 cycle high, the analyst considers that Monero must hold its current range, “if price wants to go against the grain of history and break the $422 resistance over time.” If it fails to hold above the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial level, but added that historically, XMR’s retest post-rejection usually fails. As of this writing, Monero trades at $366, a 32.2% increase in the monthly timeframe.

Bitcoin continues to showcase resilience in the current cryptocurrency market cycle, consistently setting new records while many altcoins remain below their previous peaks. Currently trading just above $104,000, Bitcoin has recently retraced from its all-time high above $111,000, set last month. Contrasting Bitcoin’s consistent growth, Ethereum and other prominent altcoins have yet to surpass historical highs that they reached several years ago, highlighting a notable divergence in market performance. This divergence has been a focal point among analysts, prompting a deeper examination of investor behavior and capital flows between Bitcoin and altcoins. Recent insights from CryptoQuant analyst Dan suggest that while Bitcoin remains dominant, the situation for altcoins might shift in the upcoming phase of the crypto market cycle. Bitcoin Investor Behavior Suggests Potential Shift Ahead CryptoQuant analyst Crypto Dan recently explored the broader implications of this Bitcoin-dominated cycle in his market commentary. According to Dan’s analysis, previous market cycles typically saw a gradual reduction in mid-to-long-term Bitcoin holdings as investor capital redistributed into altcoins. This shift traditionally drove altcoins significantly higher, usually marking the late stages of a bullish cycle. However, this cycle exhibits a different pattern. Frequent minor corrections in Bitcoin’s price are followed by more significant and sharp downturns for altcoins, demonstrating persistent weakness. Crypto Dan notes that currently, very few altcoin investors have realized meaningful profits, an unusual circumstance compared to prior cycles. Despite this ongoing difficulty for altcoin holders, the analyst maintains optimism, emphasizing that historical patterns suggest Bitcoin’s dominance typically declines towards the end of each cycle. If history repeats, altcoins might experience substantial upward movements as the cycle approaches its maturity. Thus, while altcoins currently underperform, investors are advised to maintain patience until Bitcoin’s momentum reaches its final bullish push, potentially signaling a turning point. Whale Activities Hint at Upcoming Altcoin Attention Complementing this perspective, another analyst from CryptoQuant, Maartunn, provided insights into stablecoin inflows to major exchanges. Specifically, Maartunn highlighted that over 75% of Tether (USDT) deposits to Binance, tracked via the TRC-20 network, originated from large wallets, commonly known as whales, since November 2023. This substantial concentration of whale activity suggests that major market participants prefer Binance for significant capital movements involving stablecoins. The notable whale-driven inflows to Binance could indicate preparation for substantial market activity, including potential purchasing of Bitcoin or an eventual shift towards altcoins. Historically, stablecoin deposits from large holders precede increased volatility and trading activity, as whales position themselves strategically in anticipation of market shifts. Featured image created with DALL-E, Chart from TradingView

An analyst has pointed out how Solana has recently formed a signal on the Tom Demark (TD) Sequential that could imply a potential reversal for the asset’s price. Solana Has Seen A TD Sequential Buy Signal On The 12-Hour Timeframe In a new post on X, analyst Ali Martinez has talked about a signal that has appeared on the 12-hour price chart of Solana. The signal in question is based on the Tom Demark (TD) Sequential, a technical analysis (TA) indicator commonly used to identify potential reversal points in an asset’s value. The indicator involves two phases: setup and countdown. During the first of these, the setup, candles of the same color are counted up to nine. These nine candles don’t necessarily have to be consecutive. Once they are in, the TD Sequential flashes a reversal signal for the asset. Naturally, if the candles were green (that is, an uptrend led into the signal), then the indicator suggests a bearish turnaround in the price. Similarly, red candles result in a bullish signal. As soon as the setup is complete, the second phase, the countdown, begins. This phase works in much the same way, except for the fact that candles here go on until thirteen. Following these thirteen candles, the asset could be considered to have arrived at another location of likely reversal. Now, here is the chart shared by the analyst that shows the TD Sequential signal that the 12-hour price of Solana has recently formed: As is visible in the above graph, the 12-hour Solana price has recently completed a TD Sequential phase of the first type. Clearly, the nine candles involved in the pattern have been red ones, meaning that the indicator has just given a buy signal for the cryptocurrency. This signal has arrived after the asset has gone through a drawdown of more than 13% over the past week. It now remains to be seen whether it would be enough to help the coin find a bullish reversal or not. While this bullish pattern has formed in TA, on-chain data may hint at a different outcome for Solana. According to cryptocurrency transaction tracker service Whale Alert, a SOL whale has just made a massive inflow to the Binance platform. In total, the investor moved about 2.86 million tokens of the asset ($441 million) to the exchange with this transaction. Generally, holders transfer their coins to these central entities whenever they want to make use of one of the services that they provide, which can include selling. Thus, if the motive behind this Binance deposit was distribution, then Solana can naturally see a bearish effect from the move, given its humongous scale. SOL Price Following its recent bearish trend, Solana has seen its price go down to $153.90.

As Bitcoin (BTC) retreats from its recent all-time high (ATH) of $111,814 – currently trading in the mid-$100,000 range – emerging on-chain data signals that the cryptocurrency’s strong momentum over the past month may be waning. Deeper Correction Ahead For Bitcoin? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, the Bitcoin market is undergoing several notable on-chain shifts. These include significant stablecoin outflows from Binance, a decline in long-term holder (LTH) participation, and diverging accumulation patterns among wallet cohorts. One of the most striking indicators is the net outflow of over $1 billion in stablecoins from Binance. This suggests traders are moving funds off the exchange and into private wallets, typically a sign of reduced risk appetite or diminished intent to buy crypto in the near term. Such large-scale stablecoin withdrawals often indicate declining buying power and can precede a loss of market momentum or a shift toward profit-taking and caution. If the trend continues, BTC may slip further, potentially losing the psychologically important $100,000 level. In parallel, long-term holders (LTH) have also pulled back. The Net Position Realized Cap for LTHs plummeted from $28 billion to just $2 billion by the end of May 2025 – signaling that these investors are no longer increasing their exposure despite the recent price surge. Further, 60-day wallet behavior trends point to a divergence in market sentiment. Large holders with 1,000 to 10,000 BTC have been gradually offloading their positions, while smaller retail cohorts holding 100 to 1,000 BTC have been aggressively accumulating, buying into the rally. Taha remarked: The combination of heavy stablecoin withdrawals, reduced LTH accumulation, and shifting cohort behaviors signals a market in transition. Whether this sets the stage for a cooling-off period, a healthy consolidation, or renewed momentum will depend on how new capital re-enters the system and whether retail buyers can sustain the current rally without institutional reinforcement. All Hope Is Not Lost While the aforementioned data points hint toward a potential looming price correction for the apex digital asset, other on-chain data shows that BTC is likely to continue its upward trajectory, potentially to new ATHs. CryptoQuant contributor Crypto Dan recently highlighted that the Bitcoin Net Realized Profit/Loss (NRPL) metric supports a continued upward trajectory, noting that current profit-taking levels are modest compared to previous cycle peaks. Additionally, BTC outflows from centralized exchanges are increasing, with a recent 7,883 BTC withdrawal from Coinbase. This could point to renewed institutional interest and accumulation in anticipation of another upward move. At press time, BTC trades at $103,854, down 0.2% in the past 24 hours.

The XRP price may be on the verge of a significant breakout, according to a new wave count analysis combining the Elliott Wave Theory and the Wyckoff reaccumulation principles. After months of sideways trading and corrective movement, analysts have pinpointed a critical price level that could serve as a trigger point for XRP’s next leg higher. XRP Price Primed For Major Lift-Off From This Level A new analysis published by crypto analyst the ‘Charting Prodigy’ on X (formerly Twitter) suggests that the XRP price is following a clear Elliott Wave structure that began forming after the April lows this year. The price has completed Wave 1 of a new impulse cycle, followed by a WXY corrective Wave 2. Recent price action also indicates that XRP is now entering sub-wave 3 of Macro Wave 5, which is typically the most powerful and extended wave in the cycle. The standout detail of Charting Prodigy’s analysis is the identified trigger level at $2.56. According to the expert’s analysis, a confirmed breakout above this critical trigger point could signal the start of a rapid markup phase, potentially propelling XRP toward the $2.9 to $3.4 range. The significance of this bullish target is supported by not only the Elliott Wave analysis but also the Wyckoff reaccumulation, Fibonacci extension targets, and the emergence of a bullish divergence forming on the Moving Average Convergence Divergence (MACD). Notably, the analyst points to a classic Wyckoff accumulation structure taking shape on the XRP price chart. He identified key phases such as Preliminary Support (PSY), Automatic Rally (AR), and Secondary Test (ST). The structure also included a “spring” phase and, most recently, a Last Point of Support (LPS). The emergence of these Wyckoff elements suggests that XRP has completed its reaccumulation and has entered the aforementioned markup phase, where price tends to go parabolic. The combination of these technical indicators and chart patterns also indicates that $2.65 is the level to watch as XRP makes its way up to price levels close to its former ATH. XRP Set For Double-Digit Target In 2 Weeks According to a new chart analysis by crypto analyst Egrag Crypto, XRP may be on the verge of a historic breakout. Presenting a 2-week price chart, the analyst highlights a macro bullish formation that could push XRP into double-digit territory—targeting $10, $18, $27, and even a whopping $55 in the months ahead. Egrag Crypto’s chart draws attention to a long-standing macro ascending channel that XRP has respected since 2016. Past breakouts from similar setups have historically delivered exponential gains for the cryptocurrency. The key trigger, according to the analysis, is a decisive move above the 21-week timeframe. This same signal preceded XRP’s explosive rally in 2017 when it surged from under 1 cent to an all-time high of $3.84. Notably, the analysis emphasizes the importance of remaining within this macro ascending channel, indicating that as long as the lower trendline holds and the 21 EMA is breached, XRP’s bullish case remains intact.

Bitcoin (BTC) has experienced a noticeable retracement after recently achieving a record high above $111,000 last month. Currently priced at $104,115, the cryptocurrency has declined approximately 5.2% in the past 7 days, marking roughly a 7% drop from its peak price. This sudden decrease has sparked considerable attention among market participants, who closely observe potential signals that might clarify Bitcoin’s next move. A recent analysis from CryptoQuant contributor Crazzyblockk has shed some light on the internal dynamics influencing this price action. Binance’s Dominance and Its Market Implications In his report, titled “Divergence of Binance Taker Buy/Sell Behavior From Other CEXs — Sellers Outnumber Buyers on the Market’s Main Venue,” the analyst provides detailed insights into recent trading behaviors observed across major cryptocurrency exchanges, with a particular emphasis on Binance. The analysis highlighted a divergence between Binance and other major centralized exchanges (CEXs). While a brief spike in overall buying activity was recorded across various exchanges, Binance, which accounts for around 60% of global Bitcoin spot trading volume, exhibited a contrasting scenario. Data revealed a significant tilt towards selling, with Binance’s Taker Buy/Sell ratio falling below 1.0. This indicates a clear preference among Binance traders to sell rather than purchase Bitcoin, in contrast to the net-buy behavior observed elsewhere. Given Binance’s considerable market share, this divergence is notable. Binance’s trading volume and futures open interest typically guide broader market sentiment and price discovery. Historical data support this correlation, as past events where Binance’s market behavior diverged from other exchanges, such as in February 2024 and August 2023, resulted in notable Bitcoin price corrections of between 5% and 10% shortly thereafter. Bitcoin Current Market Dynamics and Near-Term Expectations Notably, the latest metrics illustrate Binance’s Taker Buy/Sell ratio hovering around 0.98, representing approximately a 12% decline over the past week and a 25% decline over the past month. Despite a brief surge in overall market buying activity across exchanges, with the aggregate Taker Buy/Sell ratio peaking at about 1.35, Binance’s bearish stance has dampened this bullish signal, causing the broader indicator to revert downward rapidly. This scenario suggests the possibility of heightened market volatility in the short term. The dominance of Binance’s trading behaviors potentially amplifies the effects of this selling pressure through futures market funding rates, which can intensify market moves. In conclusion, the CryptoQuant analyst wrote: Because the largest liquidity pool is net-selling, today’s aggregate uptick risks turning into a bull trap. Unless Binance’s Taker Buy/Sell flips decisively above 1.05—and stays there—expect heightened volatility and a greater probability of a near-term price decline as broader sentiment realigns with the market leader’s flows. Featured image created with DALL-E, Chart from TradingView

Log in to today's North American session recap - June 2, 2025 Today’s story was about the US dollar's weakness. Between a risk-off morning with gold racing to 4-week highs and almost everything rallying against the USD, it’s a bad day for the greenback. US Equities began the session mixed but still finished up all-around, with the Nasdaq leading the charge again—up 0.80%. Other indices around the globe also closed in the green as the sentiment got more positive. The United States Trade Representative (USTR) has announced a three-month extension to some Chinese goods until August 31, 2025 - leaving more time for different parties to reach an agreement. In Forex, all majors rallied against the USD with the NZD on top of majors at +1.30% followed by the AUD and the JPY - respectively up 1.02% and 0.85%. Oil also rallied from the bottom of its range as battles between Russia and Ukraine dominated the announcement of more supply from OPEC+. The market was also expecting a bigger hike than what was announced. Anyhow, Oil is approaching the upper bound of its range around $64 - closing up 3.88% on the session. 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.