Category: News

Canadian Teen Scams $13M, Splurges on Lambos, BMWs

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A Canadian teen stole more than $13 million in crypto through social engineering scams to pay for an “exotic lifestyle” in Miami and Los Angeles, including buying luxury cars, jewelry and taking private jet trips, US prosecutors say. In May, US prosecutors charged then-19-year-old Trenton Richard Johnston for a scheme in which he and co-conspirators impersonated Google, Trezor and other crypto firm employees to gain access to victims’ crypto. On Tuesday, Johnston, now 20, pleaded guilty to conspiracy to commit money laundering, avoiding further charges that could have resulted in…

XRP Price Troubles Aren’t Over Yet As Downside Risks Mount

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Capitulation Signal Flashes As $12B Leaves The Network

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Bitcoin is showing renewed signs of on-chain capitulation, according to Axel Adler Jr.’s latest Adler AM Bitcoin Morning Brief, as realized capitalization contracts and loss-taking sales dominate market activity. The setup matters because two independent measures: Realized Cap Net Position 30D Change and adjusted SOPR are now pointing to the same stress regime. In the June 10 brief, Adler said Bitcoin’s Realized Cap has declined by roughly $12 billion from its mid-May peak, falling from about $1.087 trillion to $1.075 trillion. The 30-day percentage change in Realized Cap has dropped…

Bitcoin loses advisor spotlight as stablecoins and tokenization rise, Bitwise CIO says

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Bitwise Chief Investment Officer Matt Hougan said financial advisors are still interested in crypto, but their focus is moving beyond Bitcoin.  Summary Matt Hougan said advisors now discuss stablecoins and tokenization more than Bitcoin in recent calls. Bitwise survey data already showed advisors ranking stablecoins and tokenization among the top 2026 themes. Ethereum, Solana, Chainlink, Avalanche, Circle and Coinbase may benefit if advisor crypto inflows broaden next. His view came after eight sales calls with teams representing more than 40 advisors in one day. Hougan wrote in a June 10…

US Inflation Hits 3-Year High, Pressuring Bitcoin and Gold

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Market analysts have cautioned that Bitcoin and gold may face further headwinds this year following a 4.2% annual increase in the US Consumer Price Index (CPI) in May, according to figures released on Wednesday. The surge in the consumer price index, a broad gauge of goods and services costs across the US economy, deflated hopes that the central bank will reduce rates, with some analysts now expecting rate hikes later this year — bad news for riskier assets such as crypto. US inflation surges to a three-year high. Source: Trading…

Bitcoin Whales Bought The $60K Dip As Retail Capitulated – Over 11,000 BTC Leave Exchanges

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Bitcoin is struggling below $62,000 as selling pressure and fear continue to define the market environment. The uncertainty is real — but top analyst Woominkyu has published an on-chain analysis that reveals what was actually happening during the most intense phase of the decline. And the picture it paints looks considerably different from the panic narrative that dominated market commentary at the time. Related Reading The on-chain data tells a story in two distinct acts. The first act was the trigger. On June 2 and 3, older dormant wallets moved…

Ethereum Price Could Spark A Fresh Upswing While Above $1,550

Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher. Ethereum started a downside correction below the $1,650 zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,720 zone. Ethereum Price Holds Support Ethereum price failed to stay above the $1,680 zone and extended…

Bitcoin Treasuries Are Ticking Time Bombs as Leverage Hits Record Rates, Warns Capriole’s Charles Edwards

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Key Takeaways Charles Edwards says bitcoin treasuries are “levering up at record rates” on debt-fueled growth. He likens the two hundred bitcoin treasuries in the market today to the leveraged investment trusts of 1929. The warning lands as Strategy holds about 76% of corporate BTC and buying collapses elsewhere. A Year-Old Warning Resurfaces Bitcoin treasury companies are taking on debt at record rates to fund their bitcoin purchases, Capriole Investments founder Charles Edwards warned. He tied the trend back to a call he made in October 2025, arguing that the…

Crypto ATM Bans Advance in Delaware, New Jersey

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Delaware and New Jersey have both advanced legislation to ban cryptocurrency ATMs in what is becoming a growing trend across US states, with lawmakers concerned that the kiosks are overwhelmingly used for scams. The Delaware House Economic Committee on Tuesday passed House Bill 441 to the full chamber, which would ban owning, installing, or operating a cryptocurrency kiosk. It followed the New Jersey Senate Commerce Committee’s unanimous vote on Monday to send its bill banning crypto ATMs to the full chamber. At least three other US states — Indiana, Tennessee…

Bitcoin Price Hovers Above $60K As Traders Search For Direction

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Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $63,500 levels. Bitcoin Price Dips Toward Support…