Month: June 2025

Ethereum Risks 25% Price Drop as “Massive Whale’”Moves $237m in ETH to Exchanges

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Key takeaways: Ethereum risks a 25% drop toward $1,600 after failing to break above a multi-year technical resistance. A whale moved over $237 million in ETH to exchanges, aligning with rising ETH inflows into Binance over five straight days. Wallet data suggests large ETH holders are redistributing or offloading, adding to bearish pressure. Ethereum’s native token, Ether (ETH), is showing signs of vulnerability after breaking below a key multi-year support level, just as a major whale appears to be dumping hundreds of millions of dollars worth of ETH. Technical breakdown…

Tokenized Stocks Mania: Two Mega Crypto Exchanges Enter the Space Nearly 2 Hours Apart

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In a sign of growing momentum behind tokenized finance, two major crypto exchanges, Kraken and Bybit, unveiled their listings of tokenized U.S. stocks just two hours apart. The coordinated launches mark a significant milestone in efforts to bring traditional equities onto blockchain rails and offer global investors access to Wall Street in crypto-native form. Kraken was first to make its move today (Monday), launching 60 tokenized equities under the xStocks brand, powered by Swiss issuer Backed. The offering includes prominent names like Apple, Tesla, and ETFs such as SPY. Two…

Solana Forms Bullish Flag On Daily Chart — Breakout Imminent?

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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. Solana is displaying signs of strength as it trades with a key chart pattern, which indicates that the altcoin is preparing for a solid move. The price has been holding steady, forming lower highs and higher…

BitMine Receives $250 Investment to Fund its Ether Treasury

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Bitcoin miner BitMine Immersion Technologies has secured a $250 million private placement to jumpstart its Ether treasury. BitMine signed a private placement for the purchase and sale of 55,555,556 shares of common stock for $4.50 per share, yielding gross proceeds of approximately $250 million before expenses, the company said in a Monday announcement. MOZAYYX led the raise, with participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. The transaction is expected to close on Thursday, provided that conditions, including…

$290B Financial Advisor Ric Edelman Boosts Crypto Allocation Recommendation

Prominent financial advisor Ric Edelman says investors should consider putting as much as 40% of their wealth into cryptocurrency, a bold recommendation that reflects how far digital assets have come in recent years. “Today I am saying 40%, that’s astonishing,” Edelman told CNBC’s Crypto World on Friday. “No one has ever said such a thing.” Edelman, founder of the Digital Assets Council of Financial Professionals, has been active in crypto for over a decade. He first urged investors to allocate part of their portfolios to bitcoin in 2018. In his…

Tokenized Stock Trading Launches on Kraken, ByBit and Solana

More than 60 tokenized stocks are now available on crypto exchanges Kraken and Bybit, as well as on Solana-based decentralized finance (DeFi) platforms. In a Monday announcement from Backed Finance, the company said its tokenized stocks product, xStocks, launched, with over 60 stocks becoming available on Bybit, Kraken and and several Solana DeFi protocols, offering users exposure to traditional stocks via blockchain infrastructure. The stock selection is focused on blue-chip giants and crypto firms, emerging and established alike. Supported stocks include Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla…

Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5

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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. Crypto analyst Egrag Crypto has provided a detailed breakdown of how the XRP price could reach between $9.5 and $37.5. He alluded to previous cycles as the rationale behind why the altcoin could reach such ambitious…

$100M Hack Hits Iran’s Nobitex — Services Back Online

Key Notes The platform has warned users against depositing funds into old wallet addresses due to a system migration. The cyberattack, linked to the pro-Israel group Gonjeshke Darande, involved the destruction of $90 million in assets. A Chainalysis report shows that Nobitex is vital to Iran’s crypto infrastructure as the largest exchange, handling $11 billion in inflows. Nobitex, the Iran crypto exchange that suffered a major hack, losing $100 million during the Iran-Israel war, has finally announced its decision to restore operations. The exchange announced that wallet access would be…