JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Analyst Forecasts Silver Shortage, Price Increases As Consumers Tap Dwindling Secondary Inventories

Peter Krauth, a silver market analyst and author of “The Great Silver Bull,” has predicted an upcoming silver shortage produced by the increased demand for the precious metal for different applications. Krauth states that demand for silver has outpaced supply, and there are probably 12 to 24 months of silver available before inventories run out. […] Source CryptoX Portal

Fairlead’s Katie Stockton says equities and Bitcoin still in bull market cycle

Katie Stockton, founder and managing partner at Fairlead Strategies, believes the broader equities market and Bitcoin (BTC) are still in a bull market cycle. Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday. Highlighting the current market outlook compared to three weeks ago, she said: “We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is…

here’s why BEER token is sinking

Beercoin, the highly popular Solana meme coin, has slumped hard in the past few days. After peaking at $0.00057 this month, it has slumped by over 68% to trade at $0.00018. This crash has brought its market cap to over $100 million, down from its peak of $282 million.  Beercoin’s token crash is in line with the ongoing downtrend in the crypto industry. Bitcoin traded below $66,000 on Monday while most altcoins were down by over 10% over the past 24 hours. A likely reason for the sell-off is last…

Ethiopian Airlines Partners With Blockchain-Based Loyalty Rewards Firm Loyyal

Ethiopian Airlines Group has partnered with Loyyal to leverage the latter’s blockchain infrastructure for its customer loyalty program. The partnership, which is earmarked for Ethiopian Airlines’ Shebamiles members, enables them to earn rewards daily, driving further engagement and loyalty. Three-Way Partnership One of the leading African airlines, Ethiopian Airlines Group, has appointed blockchain-based loyalty rewards […] Source CryptoX Portal

Binance lists Zksync (ZK) with token giveaway amid airdrop controversy

Crypto exchange Binance announced the listing of Zksync (ZK) trading pairs and a token distribution program aimed to alleviate community concerns about the token airdrop. Starting at 10:00 (UTC) on Jun. 17, the ZK token will be available for spot trading on Binance in pairs against Bitcoin (BTC), Tether (USDT), First Digital USD (FDUSD), and the Turkish Lira (TRY). The exchange encouraged users to deposit ZK for trading, with withdrawals becoming available the following day. Additionally, Binance revealed plans for a token giveaway program, intending to allocate 10.5 million tokens…

Crypto liquidations rally 78% with ETH leading the charts

Cryptocurrency liquidations have seen a sudden increase over the past day. Ethereum (ETH) is still leading the charts. According to data provided by Coinglass, the total crypto liquidations surged by 78.8% in the past 24 hours, surpassing the $75 million mark. The increase in liquidations came while the total cryptocurrency open interest recorded a 0.35% decline in the same timeframe — currently hovering at $66 million. Crypto liquidations map – June 17 | Source: Coinglass Per a report on Jun. 16, the number of crypto liquidations plunged by 80%…

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […] Source CryptoX Portal