Day: June 2, 2025

Why XRP and Bitcoin are PUMPING! | Crypto Market Explodes

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Bitcoin structurally strong despite major pullback: Bitfinex analysts

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Bitcoin has seen a major pullback from its all-time high of $111,880, as a macroeconomic reversal wipes out futures traders. Bitcoin (BTC) remains strong after a pullback from a major rally, states a report by Bitfinex analysts, released on Monday, June 2. After reaching its all-time high of $111,880 with a 50% rally in just 45 days, the asset has encountered significant macroeconomic pressure. Notably, reinstated tariffs resulted in a sharp spike in Treasury yields, with 30-year Treasury yields rising above 5 percent. These factors are fueling risk-off sentiment, which…

Pundit Predicts Parabolic Run For ETH

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his…

SEC faces criticism on crypto staking guidance

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The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services.  On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration requirements under the Securities Act. However, the SEC’s fresh interpretation may diverge from several federal court rulings, according to former SEC chief of Internet Enforcement, John Reed Stark. In a statement on X, Stark argued…

Is the crypto bull run still alive? A Bitcoin price technical analysis deep dive

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Bitcoin’s recent pullback has sparked debate: is the bullish trend still intact, or is a deeper correction on the horizon? With price currently trading above a key channel low and the 200-day moving average, this zone may represent the foundation for the next leg higher—toward $116,000. After tapping a new all-time high around $111,900, Bitcoin (BTC) entered a corrective phase, pulling back toward high-timeframe support at $104,300. This zone marks the bottom boundary of the bullish channel that has contained price action for months. Rejections from the channel high often…

Tether expands Gold token reach with omnichain stablecoin

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Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt (XAUT) on The Open Network (TON), in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s Omnichain Fungible Token standard, which allows tokens to be transferred through blockchains without wrapping or middlechains. XAUt, the token’s non-omnichain version, is the largest gold stablecoin by market capitalization, with over $832 million, according to CoinGecko. It is closely followed by Paxos’s Pax Gold (PAXG), which holds a market…