Ethena's rapid fee generation and Coinbase Ventures' investment highlight its potential but also risk dependency on a single platform's strategy.
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Trump's stance against rate hikes could challenge Fed independence, impacting financial markets and potentially increasing crypto volatility.
The post Trump criticizes potential Fed interest rate hikes, praises new chair Kevin Warsh appeared first on Crypto Briefing.
Ethereum’s crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst’s roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone. Ethereum Enters Panic Zone As Price Revisits $1,500 Ethereum’s weekend drop has brought ETH close to $1,500, extending a painful correction that has already erased a large part of the gains since its August 2025 ATH. Recent market data from TradingView shows ETH briefly touched $1,505 on Saturday, June 6, during a crypto market-wide selloff, a move that has increased panic among traders, as evidenced by various posts on social media platforms. Related Reading: Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story Crypto Patel’s reaction to the decline was that panic selling is not the answer. Technical analysis of the 2-week candlestick timeframe chart shows that Ethereum is now trading close to a zone where long-term investors should begin thinking in terms of staged accumulation, not emotional exits. Patel placed his preferred ETH/USDT accumulation range between $1,550 and $1,000, noting that the bottom could be in this zone, but no one can accurately call the exact bottom. The chart attached to his outlook, which was posted on the social media platform X, shows Ethereum trading on top of a green accumulation zone above the $1,000 support area. Ethereum 2-Week Price Chart. Source: @CryptoPatel On X This range is the strong support, and any downside from the current price levels will be limited to $1,000. However, a break below $1,000, if it happens, will only last a few days as a final liquidation move to force weaker holders out. Long-Term Roadmap To $16,000 Ethereum’s full price history, viewed through an Elliott Wave structure, shows the 2017 and 2021 peaks as major cycle tops within two separate cycles. The current price action is classified as a Wave 4 correction in a five-impulse wave count that started after the 2021 top. Wave 4 is a correction to a major accumulation point before a projected Wave 5 expansion phase into 2026 and 2027. Related Reading: Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend Patel’s roadmap places $3,945 as a major resistance level, which is close to the zone that capped several rallies after the 2021 peak. A breakout recovery above that price level would likely be the first confirmation that Ethereum has moved out of the accumulation structure and back into a larger bullish Wave 5 phase. The projected Wave 5 extension targets $16,000, timed to a cycle top between 2026 and 2027. Patel also stated that ETH above $10,000, and possibly even $20,000, are possible over the long term. Featured image created with Dall.E, chart from Tradingview.com
Increased tensions may hinder peace prospects, potentially leading to prolonged conflict and instability in the region, affecting global markets.
The post Israel warns of retaliation against Hezbollah stronghold if attacked appeared first on Crypto Briefing.
TON Strategy made approximately $5.6 million in staking rewards for May and is staking nearly all of its over 227 million tokens.
Sam Bankman-Fried is pressing ahead with his bid for a presidential pardon, even after President Trump said he has no plans to grant clemency.
Lavrov's stance suggests prolonged conflict, impacting global stability and economic markets, as diplomatic solutions remain unlikely.
The post Lavrov says soldiers will decide Russia-Ukraine war outcome, not talks appeared first on Crypto Briefing.
Despite frequent mentions of oil prices, S&P 500 firms' stable forecasts suggest resilience and strategic hedging against cost fluctuations.
The post S&P 500 companies are talking about oil prices constantly but barely changing their forecasts appeared first on Crypto Briefing.
Trump's stance against Fed rate hikes highlights tensions between economic growth and inflation control, impacting market stability and investor strategies.
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The main driver behind bitcoin's weakness was ETF selling after red-hot April U.S. inflation data, 10x's Markus Thielen argued. The bounce may hinge on Wednesday's CPI data, he said.
US aims to lead global crypto markets with modernized regulations and a focus on fraud prevention.
The post Michael Selig: The US aims to be the global crypto capital through clear regulations, a shift to policing major fraud, and modernization of outdated frameworks | Empire appeared first on Crypto Briefing.
Bankman-Fried's clemency plea highlights ongoing debates over presidential pardon powers and their impact on justice for financial crimes.
The post Sam Bankman-Fried formally asks Trump for clemency over multi-billion dollar crypto fraud conviction appeared first on Crypto Briefing.
Ethereum (ETH) price remains under pressure, trading near $1,685 after extending its recent downtrend and losing nearly 45% from its highs above $3,000. The latest decline has pushed the token toward a crucial long-term support zone around $1500, raising concerns over whether bulls can prevent a deeper correction. However, derivatives data suggest the market may …
The potential Iran nuclear deal could stabilize geopolitical tensions, impacting global oil markets and crypto dynamics amid ongoing sanctions.
The post Trump says US is close to Iran nuclear deal, warns military action remains on the table appeared first on Crypto Briefing.
AI-driven job cuts in banking highlight a shift towards tech-centric operations, potentially reshaping industry roles and competitive dynamics.
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France's Arcadia AI system could enhance European digital sovereignty, reduce reliance on US tech, and boost local defense industries.
The post France tests Arcadia AI system as European alternative to Palantir appeared first on Crypto Briefing.
A June 9 Ways and Means hearing pushes crypto policy into the tax code, where small payments, stablecoin use, network fees, mining, staking, and donations all face the same usability test.
The post Congress is weighing whether crypto tax relief should stop at stablecoins appeared first on CryptoSlate.
South Korean lawmaker Kim Byung-gi faces probe over alleged nepotism tied to his son’s crypto jobs as police raid Bithumb's offices.
Nvidia's valuation surge underscores the strategic importance of semiconductors in global tech dominance and geopolitical dynamics.
The post Nvidia market cap surpasses $5T, solidifying tech dominance appeared first on Crypto Briefing.
SpaceX's IPO could redefine market dynamics, setting new benchmarks for investor expectations and influencing future aerospace investments.
The post SpaceX IPO poised to be largest in history, buyers anticipate first-day surge appeared first on Crypto Briefing.
The escalation may hinder peace efforts, increase regional instability, and affect market perceptions of future conflict dynamics.
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OPEC+'s symbolic quota hike highlights geopolitical tensions' impact on oil logistics, underscoring the fragility of global energy supply chains.
The post OPEC+ plans small oil output quota hike for July, but the Strait of Hormuz makes it mostly symbolic appeared first on Crypto Briefing.
Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades near 30% below its April highs.
Redirecting Iranian assets to Gulf allies could escalate regional tensions, complicate diplomatic relations, and impact global financial stability.
The post US weighs redirecting $24 billion in frozen Iranian assets to Gulf allies for war damage appeared first on Crypto Briefing.
Nvidia's reliance on SK Hynix for memory chips highlights potential supply chain vulnerabilities, impacting AI hardware stability and investor confidence.
The post Nvidia’s Jensen Huang confirms Vera CPUs will use SK Hynix memory chips appeared first on Crypto Briefing.
Strategy resumed Bitcoin buying by purchasing 1,550 BTC for $101.3 million, bringing its total holdings to 845,256 BTC after last week’s controversial sale.
Strategy, led by well-known Bitcoin supporter Michael Saylor, has purchased another 1,550 Bitcoin for approximately $101 million. The latest acquisition was made between June 1 and June 7 at an average price of $65,332 per BTC Following the announcement, Bitcoin climbed 3.5%, helping improve market sentiment after BTC briefly fell below $59,500. Strategy Adds More …
MetaMask's AI wallet innovation could redefine asset management, enhancing security and autonomy in DeFi, potentially boosting user confidence.
The post MetaMask debuts AI agent wallet with up to $10K in transaction protection coverage appeared first on Crypto Briefing.
Following Bitcoin’s rebound from last week’s dip below $59,000, the market is now weighing whether the recent price crash has finally run its course or if a deeper correction is still ahead. While the recovery has provided some relief across the crypto market, analysts warn that Bitcoin remains in a fragile position as weak demand, cautious investor sentiment, and broader market uncertainty continue to weigh on the price action. According to market experts, Bitcoin’s outlook remains largely bearish despite the short-term bounce. However, analysts also point to a potential silver lining in the current downturn that may benefit long-term investors. Bitcoin Price Set For Massive Crash This Summer Crypto market expert Aralez has issued a fresh bearish forecast for Bitcoin, suggesting that the ongoing downtrend has not yet ended. In an X post on June 6, the analyst said Bitcoin’s decline has just begun, indicating that the recent drop below $60,000 was only the early stage of the bear market. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When Aralez noted that since May 2026, he has consistently predicted a decline below $60,000, believing that Bitcoin would eventually take out local lows as bearish pressure mounts. As he forecasted, the $60,000 to $63,000 BTC price range has now been decisively lost. With this key support broken, the analyst warned that the next downside move could be really aggressive. Using a detailed chart to support his outlook, Aralez outlined a bearish roadmap for Bitcoin’s price this summer. The chart shows that Bitcoin traded within an ascending channel between April and May but ultimately broke below the lower boundary, triggering a prolonged downtrend through late May and early June. Notably, Aralez projected that Bitcoin’s next move will likely be a short-term bounce toward the $71,000 support zone. After Bitcoin retests this zone, he said a major distribution phase is likely to begin. During this stage, the cryptocurrency could see an impulsive sell-off toward $46,000 to $48,000, representing a 25% to 28% drop from current levels above $62,000. Aralez noted that a decline to this lower range will lead to a slow bottom formation, officially resetting the broader market cycle. He cautioned investors not to assume that the bottom is already in, emphasizing that current market data and conditions suggest otherwise. The analyst also confirmed that Bitcoin’s bear market is still ongoing. He urged investors and traders to prepare ahead and avoid major mistakes now more than ever. Analyst Sees Accumulation Before Next Bitcoin Rally In his X post, Aralez outlined a silver lining to his bearish outlook, noting that once Bitcoin reaches a bottom, a significant accumulation phase is likely to follow. He said this stage could present a strong long-term opportunity for investors, as valuations stabilize and selling pressure gradually fades. Related Reading: Analyst Predicts When Bitcoin Price Will Reach $100,000 In 2026 Based on historical price movements, an accumulation phase after a cycle bottom often sets the foundation for the next major trend reversal. Building on this, Aralez noted that after the accumulation phase, an explosive expansion could follow. This would signal a return of strong bullish momentum, with prices potentially accelerating sharply while investors who had bought at the bottom could see major gains. Featured image from Freepik, chart from Tradingview.com
The prolonged Hormuz closure could lead to sustained global economic strain, influencing energy policies and geopolitical alliances.
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