This move could enhance crypto market accessibility and legitimacy, potentially influencing broader adoption and regulatory perspectives.
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Solana (SOL) breached key support after large inflows to exchanges triggered high-volume selling despite continued strength in network usage.
The recent growth speaks to the mounting institutional conviction that Bitcoin serves as a store of value amid economic uncertainty.
Dogecoin’s open interest is in focus, with this crucial metric highlighting the amount of interest that the top meme coin is getting at the moment. This comes as DOGE continues to struggle below the psychological $0.2 level, providing a bearish outlook for the meme coin. Dogecoin Open Interest Averages $2 Billion In June Coinglass data shows that Dogecoin open interest (OI) has been hovering around $2 billion since the start of this month. This represents a drop from the open interest recorded in May. DOGE’s OI had climbed to as high as $3.07 billion on May 11 as the meme coin’s price surged to $0.25. Related Reading: Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself This drop in Dogecoin open interest can be attributed to the drop in DOGE’s price since then. The meme coin began the month below the psychological $0.2 level, which has sparked bearish sentiments. Open interest refers to the amount of interest in the derivatives market for a particular asset. As such, a drop in this metric is usually bearish. However, it is worth mentioning that the Dogecoin open interest is still above the monthly average recorded in March and April, during the period when the Trump tariffs caused crypto assets to tumble. Back then, DOGE dropped to as low as $0.14 and was at risk of losing its bull market structure. Crypto analyst BitMonty expects DOGE to bounce back amid this drop in the Dogecoin open interest. In an X post, he said the meme coin is testing the 0.618 Fib retracement and the lower boundary of a falling wedge. He added that this is a high confluence bounce zone, and reversal signs could spark a breakout move soon. BitMonty predicts that DOGE could rally to as high as $0.26420 on this bounce. DOGE Setting Up For A Bullish Reversal In an X post, crypto analyst Trader Tardigrade indicated that the Dogecoin price may be setting up for a bullish reversal. He revealed that DOGE is returning to the previous swing low, while the RSI shows a higher low. The analyst noted that this could lead to a bullish divergence, indicating weakened selling momentum and early signs of a potential reversal to the upside. Related Reading: Dogecoin Price Expected To Reach $3 By EOY As 2021 Cycle Trend Returns In another X post, Trader Tardigrade stated that Dogecoin is expected to experience a significant surge before entering a prolonged falling wedge pullback. Interestingly, his accompanying chart showed that the meme coin could rally to as high as $30. However, this price surge isn’t expected to happen in just this market cycle alone, with the chart highlighting 2029 as the target year to reach this price level. At the time of writing, the Dogecoin price is trading at around $0.18, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun.
“You don’t see that often,” Bitwise’s Juan Leon remarked.
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million […]
The post Circle stock price skyrockets 234% in less than 30 minutes causing multiple trading halts appeared first on CryptoSlate.
Wyoming Senator Cynthia Lummis was one of the few voices in Congress tying Michelle Bowman’s confirmation to a win for cryptocurrency policies.
Momentum indicators point to continued weakness with further downside potential toward the $2.48-$2.45 range.
Solana is pulling back into key support levels, as the selling volume is causing the price to head towards the crucial support close to $140. The SOL price action shows a correction following a rejected top and may now be approaching the base of the prior demand. The drop below $151 support, which is a …
AI based on large language models poses risks to Web3 principles. Enter NeuroSymbolic AI, which offers greater auditability and less misinformation, say Ramesh Ramadoss and John deVadoss.
The cease-and-desist highlights potential legal and reputational risks in unauthorized use of high-profile names in crypto ventures.
The post Trump’s sons send cease-and-desist to his meme coin team over Trump-branded crypto wallet appeared first on Crypto Briefing.
Anthropic CEO Dario Amodei urged US lawmakers to write transparency rules for artificial intelligence companies instead of granting a decade-long freeze on state regulation proposed in President Donald Trump’s technology bill. In a June 5 guest essay in The New York Times, Amodei described an internal evaluation in which Anthropic’s newest model threatened to expose […]
The post Anthropic CEO calls for AI transparency, argues against Trump bill’s decade-long state regulatory freeze appeared first on CryptoSlate.
Coinbase's April 2021 debut marked what was then an epic price top for bitcoin.
Yorkville America Digital, the same company through which the Trump Media & Technology Group and Crypto.com plan to debut a suite of “America first” funds, will manage the Bitcoin ETF.
Installing Bitcoin ATMs inside post office locations is part of a broader push to modernize Romania’s postal service with digital tech.
UNI tumbles after strong intraday rally fades, with sellers regaining control and critical support levels now under pressure.
“PEPE is showing strength after a clean breakout above the key resistance zone,” UniChartz shared in a recent post on X, highlighting a decisive shift in the meme coin’s short-term momentum. The breakout reflects renewed buying pressure as the price pushed beyond a major barrier that had previously capped upside moves. PEPE Finds Its Footing at Strong Confluence Zone The analyst further noted that PEPE is now “in the process of retesting that breakout level,” calling it “a classic bullish confirmation if the zone holds.” This retest phase is a critical moment; if bulls successfully defend the newly formed support zone, it could open the door for another leg higher. Overall, the price action suggests that bullish momentum is building, with the current consolidation acting as a potential launchpad for the next move upward. Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? According to UniChartz, PEPE’s price action continues to respect a well-established rising trendline, which has acted as reliable dynamic support over the past few months. This trendline has been tested on multiple occasions, each time resulting in a bullish reaction, a strong indication that buyers are stepping in during these retests. Furthermore, this diagonal support aligns closely with a key horizontal demand zone, forming a critical confluence that strengthens the overall bullish structure. As long as PEPE stays above these intersecting support levels, the market structure remains tilted in favor of the bulls. The price consolidating in this region suggests a potential accumulation phase, where market participants are preparing for the next move. Should PEPE bounce strongly from this confluence area, it could mark the beginning of a renewed upward leg, potentially attracting fresh buying interest and reinforcing positive sentiment. Such a move would confirm the trendline’s significance and validate PEPE’s ability to maintain its medium-term uptrend amid broader market uncertainty. Volume Supporting The Bullish Shift According to Whales_Crypto_Trading, PEPE has broken out of its descending channel with impressive volume, signaling a potential shift in momentum for the meme coin. PEPE’s breakout was backed by a notable surge in trading activity, indicating strong interest from market participants and potentially the involvement of larger players. Related Reading: PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally The analyst emphasized that if the current retest of the breakout zone holds, it may act as a launchpad for further upside in the upcoming weeks. This kind of technical retest, when supported by volume, often serves as a validation of trend reversal and reinforces bullish sentiment. Featured image from Medium, chart from Tradingview.com
Ethereum OG Ryan Berckmans explains Ethereum’s new strategy and what it could mean for ETH’s future price action.
The fallout may impact Tesla's market stability and influence future corporate-political alliances, highlighting risks of volatile partnerships.
The post Tesla shares tumble as Trump-Musk bromance collapses days after farewell appeared first on Crypto Briefing.
The fallout from Coinbase’s recent data breach has reached a troubling new phase as victims report receiving fraudulent physical letters in the mail, exploiting their exposed personal information to advance a credit protection scam. The Block founder Mike Dudas sounded the alarm in a social media post on June 5, warning that he received a […]
The post Coinbase data breach spills offline as victims get scam mail appeared first on CryptoSlate.
Institutional inflows and rising Ethereum transaction fees contrast with sluggish network activity and caution on the Ether futures market.
The XRP price is currently facing immense selling pressure, which has dragged the levels below $2.2 during the early trading hours. The token broke the key support levels and validated a continuation of a bearish pattern with the volume soaring above $2 billion, which suggests the traders could have jumped in to exit their positions. …
Trading of CRCL shares was almost immediately halted on NYSE as the stock tripled the company's IPO price.
The stablecoin issuer’s IPO arrives as investors brace for more market headwinds and regulatory change while stablecoin demand grows.
How we chose 50 women shaping the future of finance and the internet.
A list of the most influential women in crypto and artificial intelligence, as chosen by CoinDesk, Proof of Talk and an external panel of judges.
Solana (SOL) is currently navigating a challenging environment as the broader crypto market experiences a cooldown. After an impressive run earlier this year, momentum has slowed significantly, and SOL is struggling to reclaim the $160 level with conviction. The lack of strong demand has been evident in recent sessions, as buying pressure fades and volume remains low across major altcoins. Related Reading: Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout Despite this cooling phase, many investors remain optimistic. A growing number of market participants believe Solana could lead the next altseason once conditions stabilize and liquidity returns to the market. Historically, SOL has shown the ability to recover rapidly and outperform in bullish phases, making it one of the top contenders for explosive upside when sentiment shifts. However, in the short term, caution prevails. Top analyst Carl Runefelt has highlighted a key technical development, noting that Solana might be on the verge of breaking a horizontal support zone. This event could trigger further downside in the near term. If this support fails, traders should prepare for increased volatility. Still, the broader consensus remains that SOL’s structural strength and ecosystem development position it well for long-term upside once macro conditions align. Solana Faces Bear Flag Breakdown Risk As Uncertainty Grows Solana has been locked in a tight range just below the $160 mark, struggling to reclaim key levels despite multiple attempts. For several days, momentum has faded, and with global markets under pressure, traders are bracing for increased volatility. The broader crypto market is losing steam as Bitcoin and Ethereum fail to sustain upward moves, which puts added pressure on altcoins like Solana. Geopolitical tensions between the U.S. and China continue to weigh on investor sentiment, with ongoing tariff disputes and rising bond yields fueling macroeconomic uncertainty. The US bond market, in particular, is flashing signs of stress, adding to the caution in risk-on assets. If these conditions persist, altcoins may face a challenging period as capital retreats to more stable assets like Bitcoin or exits the market altogether. Runefelt recently highlighted a key technical pattern on Solana’s chart—a bear flag forming around horizontal support. According to his analysis, this structure could break down any hour now, which would confirm the bearish setup and potentially send SOL down toward the $142 level. This target aligns with previous support zones and could act as a temporary bottom if the broader market stabilizes. Despite the short-term risks, long-term sentiment around Solana remains cautiously optimistic. The network’s continued development and strong DeFi presence could fuel a recovery once market conditions improve. For now, however, traders are closely watching the $160 resistance and the $150–$152 support area, which could determine the next directional move. A clean break below support would likely trigger a wave of selling, while a reclaim of the $160 level could invalidate the bearish setup and open the door for a bullish reversal. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? SOL Tests Key Support As Bearish Momentum Builds Solana (SOL) is currently trading at $152.62 on the 4-hour chart, testing a critical horizontal support zone as bearish momentum continues. The recent price action shows a clear downtrend, with lower highs and lower lows forming since the rejection from the $176–$180 area in late May. All key moving averages—34 EMA, 50 SMA, 100 SMA, and 200 SMA—are positioned above the current price, signaling short-term weakness and a lack of bullish momentum. Volume has picked up slightly as price nears support, suggesting increasing market interest at this level. However, the failure to break above the 34 EMA (currently at $157.70) reinforces the view that sellers are still in control. The flattening 200 SMA at $165.31 and declining 50 SMA around $159.82 indicate that SOL must reclaim the $160–$165 zone to regain strength. Related Reading: Ethereum Daily Chart Signals Strength Amid Market Uncertainty – Analyst If the $150–$152 support range fails to hold, Solana could break down and target the next key support area around $142, in line with the projected move of the bear flag pattern identified by analysts. For now, bulls must defend this level to prevent deeper losses and keep hopes of a recovery alive in the near term. Featured image from Dall-E, chart from TradingView
"Extraordinary things" could happen for the United States and El Salvador as a result of the meeting, said Salvadoran Bitcoin Office Director Stacy Herbert.
Paris Saint-Germain defeated Inter Milan to win the UEFA Champions League, but $PSG and $INTER saw steep declines before and after the match.