A naukri.com initiative
Cryptography News
Coindoo
1M
439
Image Credit: Coindoo
Tether Acquires 31.9% Stake in Canadian Gold Mining Firm
- Tether has acquired a 31.9% stake in a Canadian gold mining firm, Elemental.
- The acquisition includes 78.4 million common shares from La Mancha Investments S.à.r.l.
- Tether also has the option to acquire an additional 34.4 million shares through the Alpha 1 Option Agreement.
- The investment aligns with Tether's strategy of financial resilience with holdings in Bitcoin and physical gold.
- Tether aims to build a transparent financial system for the future.
- The acquisition supports Tether's ecosystem of asset-backed financial products like Tether Gold and Bitcoin.
- Tether now owns nearly 80 tons of physical gold as part of its asset reserves.
- The investment in Elemental indicates Tether's belief in durable digital value backed by Bitcoin and gold.
- The transaction complies with Canada's takeover bid regulations.
- Tether might seek further involvement in Elemental's governance and strategy.
- The deal signifies Tether's expansion into real-asset financial infrastructure.
- Tether focuses on resilience, transparency, and long-term utility with its investments.
- The article covers Tether's acquisition of a stake in a Canadian gold mining firm.
- The post was originally published on Coindoo.
- The article is eligible for web story generation.
Read Full Article
26 Likes
Coindoo
1M
35
Image Credit: Coindoo
BlockDAG’s $298M Run and Rumored NBA Deal Steal Spotlight as Dogecoin Targets $2.28 and Ethena Stalls
- Dogecoin (DOGE) shows potential for a bullish breakout based on Fibonacci sequence, targeting $2.28. Ethena (ENA) struggles with mixed technicals despite offering 37% APY. BlockDAG (BDAG) gains momentum with $298M raised, NBA rumors, and upcoming GO LIVE reveal.
- DOGE's current setup aligns with historical Fibonacci extensions, hinting at a significant move upwards to $2.28. Analysts are watching for a breakout as DOGE remains a top asset.
- ENA experienced a price surge after joining Coinbase's asset roadmap, but faces resistance at $0.35–$0.36 with uncertain technical trends. ENA holders must balance high returns against market uncertainties.
- BlockDAG continues to surge, raising over $298 million with a $0.0018 frozen price and 1.5 million users on the X1 miner app. NBA partnership rumors and GO LIVE event add to BlockDAG's growing momentum.
- BlockDAG projects a 2,678% gain once it reaches its launch price of $0.05. Strong community support, CertiK audit completion, and widespread adoption signify positive growth for the project.
- Compared to DOGE and ENA, BlockDAG appears well-prepared with significant funds raised, user base, and upcoming developments.
- Investors can participate in the BlockDAG presale at https://purchase.blockdag.network and learn more about the project on their website, Telegram, and Discord channels.
Read Full Article
2 Likes
Coindoo
1M
46
Image Credit: Coindoo
BTC Funding Rate Reverses from Negative Territory — Is Another Bounce Underway?
- Bitcoin's funding rate has reversed from negative territory, displaying a familiar trend observed throughout the year.
- Technical analysis suggests this shift could signal the start of a recovery phase, supported by a recognizable signal pattern and favorable market positioning.
- The 72-hour moving average has bounced from oversold levels, coinciding with a yellow-blue-black signal pattern known to precede significant upside movements in BTC's price.
- The funding rate, which gauges leveraged positions' costs in the futures market, remains below the overheated level, indicating that derivatives market sentiment is not excessively bullish.
- This scenario may allow for further upside potential as short positions unwind and traders re-enter long positions.
- Historically, similar conditions have paved the way for sharp price rebounds, with Bitcoin demonstrating notable recoveries each time the signal pattern emerged from deeply negative funding zones.
- The data suggests that another sentiment-driven rally could be brewing, especially if derivative traders continue to close over-leveraged short positions.
- If this trend persists, Bitcoin might be preparing for another upward movement in the days ahead.
Read Full Article
2 Likes
Coinjournal
1M
412
Image Credit: Coinjournal
Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector
- The US stablecoins market represents 96% of the global $247 billion market.
- The GENIUS Act cleared a key hurdle after passing a cloture vote in the US Senate.
- Treasury Secretary Scott Bessent predicts the US stablecoin market could exceed $2 trillion by 2028.
- Regulations under the GENIUS Act aim to introduce strict guardrails for stablecoin issuers.
- The legislation mandates full backing by US dollars or similarly liquid assets for stablecoin issuers.
- The bill also requires annual audits for issuers with market capitalization over $50 billion.
- There are provisions in the bill to oversee activities of foreign-issued stablecoins in the US.
- President Donald Trump reportedly supports the bill and aims to have it signed into law before summer recess.
- The Treasury sees stablecoins as a new mechanism to reinforce the US dollar's global position in finance.
- Treasury Secretary Bessent believes wider institutional adoption and trust could drive the $2 trillion forecast for stablecoins.
- Stablecoins backed by US treasuries are seen as strengthening the dollar's role as a reserve currency.
- Bessent warns of challenges to the dollar's dominance from Chinese CBDCs and tokenised alternatives.
- The Treasury emphasizes the need for quick action from lawmakers to lead in shaping the emerging stablecoin market.
Read Full Article
24 Likes
Cryptopotato
1M
224
Image Credit: Cryptopotato
XRP Price Suffers Again but Can June 16 Change Everything for Ripple?
- Ripple's native token, XRP, experienced a 3% daily decline to $2.25, in line with the broader crypto market trend.
- The XRP Army remains positive about the token's future price performance, anticipating a significant change on June 16 in the legal battle between Ripple and the SEC.
- June 16 marks a crucial date for updates on the potential resolution between Ripple and the SEC, with the SEC required to file a status update by then.
- Market experts suggest that while June 16 holds legal significance, it may not have a substantial positive impact on XRP's price, as investors have likely already factored in the potential resolution.
- The XRP Army, however, remains optimistic about the token's future price trajectory, focusing on utility as a driver of price.
- XRP's price is currently struggling at $2.25 after a 3% daily drop, but enthusiasts continue to set high price targets.
- The looming June 16 date is seen as an important procedural update deadline rather than a definitive settlement date for the Ripple-SEC legal case.
- A potential settlement would still require final approval from Judge Torres.
- Although a positive resolution could boost market sentiment, a further extension of the legal case might lead to more price volatility for XRP.
- The XRP community eagerly awaits updates on June 16, hoping for regulatory clarity for the token.
- Despite current price struggles, XRP supporters emphasize utility as the key factor driving price growth for the token.
- The XRP Army expresses bullish sentiment on social media, highlighting ambitious price targets based on utility-driven value.
- Investors are advised to assess potential price movements cautiously, considering both legal developments and market reactions.
- The hype surrounding a possible resolution in the Ripple-SEC case has faded, but market participants remain watchful of any official updates.
- While June 16 poses legal significance, it may not lead to an immediate price surge for XRP, as investors have likely priced in expectations.
- The XRP community continues to advocate for utility-driven value growth, emphasizing XRP's potential based on real-world problem-solving capabilities and customer adoption.
Read Full Article
13 Likes
Coindoo
1M
331
Image Credit: Coindoo
Rate Cuts Probability Hits 99.9% — Here’s How Bitcoin Might React
- Bitcoin's price may experience a significant surge due to a 99.9% chance of a U.S. Federal Reserve rate cut later this month.
- Historical data suggests that rate cuts inject liquidity into risk assets, including cryptocurrencies, sparking high-cap crypto pumps and altseasons.
- If the rate cut occurs, it could potentially drive Bitcoin towards $130,000, supported by global liquidity improvements.
- Lower interest rates make non-yielding assets like Bitcoin more attractive, leading investors to seek higher returns in alternative stores of value.
- The move resembles previous cycles where monetary easing triggered sustained rallies in Bitcoin and the broader digital asset market.
- Traders are closely monitoring the potential Fed rate cut as it could impact both traditional and crypto markets significantly.
Read Full Article
19 Likes
Coinjournal
1M
17
Image Credit: Coinjournal
Best crypto presales to buy as GameStop may be planning another massive BTC purchase
- Investors are turning towards early-stage tokens like Bitcoin Pepe, with its presale raising over $14.1 million.
- Bitcoin price remains steady above $107,000, while major tokens like XRP, BNB, Solana, and Cardano see slight declines.
- Ether retreats to $2,754.34 after surpassing $2,800, with traders locking in gains as tokens hover near resistance levels.
- Despite a pullback, positive sentiment prevails in the market, driven by institutional adoption and growing interest in digital assets.
- Top-tier cryptocurrencies are losing appeal to investors seeking high returns, leading to increased interest in riskier assets like Bitcoin Pepe.
- GameStop plans to raise $2 billion through a debt offering following underwhelming financial performance.
- The company's recent purchase of 4,710 Bitcoins has sparked speculation about further cryptocurrency-related moves.
- Bitcoin Pepe aims to merge Bitcoin's security with Solana's scalability, attracting significant attention with a planned listing announcement in June.
- With institutional adoption of Bitcoin growing, market focus is shifting to speculative coins like Bitcoin Pepe, backed by detailed technical roadmap and partnerships.
- Bitcoin Pepe's unique concept and infrastructure-driven approach position it as a notable player in the ongoing crypto wave.
Read Full Article
1 Like
Cryptoticker
1M
58
Image Credit: Cryptoticker
IOTA Price Prediction: Will IOTA Crash or Rebound From $0.18?
- IOTA price is currently at $0.1861 on the daily and $0.1846 on the hourly charts, raising concerns of a potential crash or rebound.
- On the daily chart, IOTA faces a strong support cluster between $0.184 and $0.180, with SMAs indicating bearish control. A failure to create a higher high after a May rally confirms a downtrend.
- Key levels on the daily chart include $0.182 and $0.162, with a recent bounce at $0.1849, making it a crucial level to watch for further price movements.
- The hourly chart shows a mini-consolidation phase near the $0.20 resistance, with SMAs converging at $0.1875–$0.1907. A break above $0.190 could lead to targets at $0.198 and $0.205.
- IOTA price nearing oversold territory based on RSI indicators, with a potential mean reversion bounce expected if current support holds.
- A break below $0.1849 could lead to a drop to the next support near $0.162, marking a 12.9% potential decline.
- Short-term outlook suggests a bounce to $0.197–$0.200 is possible if IOTA maintains support. However, daily structure remains bearish, requiring confirmation from volume for a sustainable trend reversal.
- Traders are advised to closely monitor the $0.1849 level as a break above could lead to a 6% bounce, while a breakdown could result in a 13% drop.
- The next 48 hours are critical in determining the future trajectory of IOTA's price for the remainder of June.
Read Full Article
3 Likes
Coindoo
1M
264
Image Credit: Coindoo
Brazil Moves Closer to Holding Bitcoin in National Reserves: Strategic Reserve Bill Passes First Committee in Chamber
- Brazil's Strategic Bitcoin Reserve Bill has passed the Economic Development Committee in the Chamber of Deputies.
- The bill aims to create a 'Sovereign Strategic Bitcoin Reserve' for the federal government.
- This move positions Brazil among nations considering BTC as a hedge or strategic asset in national reserves.
- Approval in committee is a significant step for the initiative in Brazil's legislative process.
- The bill proposes reserve accumulation, custody guidelines, and regulatory oversight aligned with national interests.
- Global trend of countries re-evaluating monetary strategies under inflationary and geopolitical pressures.
- If enacted, Brazil would be the first major Latin American economy to hold Bitcoin in its treasury.
- Institutional recognition growing for Bitcoin's role in national financial systems.
- Bitcoin's price target of $120,000 and altcoins signaling historic breakout potential.
- The news was originally reported by Coindoo.
Read Full Article
15 Likes
Coindoo
1M
327
Image Credit: Coindoo
Bitcoin Struggles Near $110K as Analysts Warn of Soft Reversal
- Bitcoin is struggling near $110,000 as analysts warn of a potential soft reversal due to weakening momentum and rising short pressure.
- Michaël van de Poppe suggests a likely correction after Bitcoin's failure to break cleanly above $110K, attributing it to geopolitical uncertainty.
- Van de Poppe remains cautiously optimistic, highlighting $106,000 as a critical short-term support level.
- Axel Adler Jr. points to declining open interest and aggressive short volume as signs of a potential soft reversal, with Bitcoin facing consolidation below $108,000.
- Key levels to watch include immediate resistance at $110,000 and key support at $106,000 to avoid deeper correction.
- Futures sentiment suggests a potential cooldown phase or broader repositioning as open interest drops and short positions rise.
- Analysts advise caution in the short term as volatility increases and BTC consolidates within a tightening range.
- Bitcoin continues to target $120,000 while altcoins signal historic breakout potential.
- The article emphasizes the importance of staying cautious amidst the current market conditions.
Read Full Article
19 Likes
Coindoo
1M
439
Image Credit: Coindoo
Ethereum Futures Open Interest Hits Record $20B as Leverage Builds
- Ethereum futures open interest hits a record high of $20 billion, signaling a surge in leveraged trading activity.
- Despite Ethereum's spot price being below $2,800, there is a strong increase in leveraged trading.
- Traders are using stablecoins to gain exposure to Ethereum through futures contracts, showcasing a burgeoning risk appetite.
- Open interest in Ethereum futures has seen a significant and sustained increase since early 2025, surpassing previous bull market peaks.
- The current leverage buildup is happening in a more stable price environment, with cash collateral favored over crypto-based margins.
- The surge in cash-margined contracts indicates institutional and stablecoin-heavy retail engagement, solidifying Ethereum's status in the crypto derivatives space.
- Market participants are cautious about potential volatility if long positions become overcrowded or if prices reverse sharply.
- As Ethereum futures open interest reaches new highs, attention is on whether the increased leverage will drive further gains or trigger a swift unwinding.
Read Full Article
26 Likes
Coindoo
1M
143
Image Credit: Coindoo
Circle’s $24B IPO Sparks Ethereum Rally—But Cracks Are Forming
- Circle's $24B IPO has sparked an Ethereum rally, but concerns are raised about the rally's sustainability and ETH's current trajectory.
- Ethereum's recent price surge is attributed to leverage buildup and aggressive derivatives trading, rather than organic demand or protocol growth, according to 10x Research.
- Circle's IPO has added to the bullish sentiment around Ethereum-based tokens due to USDC's role in DeFi. However, structural issues like regulatory uncertainty and weak usage growth still persist.
- ETF inflows and SEC signals on DeFi oversight have caused temporary optimism, but questions remain about whether this marks a new bullish phase or sets the stage for a reversal.
- 10x Research suggests a shift towards selective, fundamental-based trading strategies amid rising leverage and headline-driven rallies.
Read Full Article
8 Likes
Coindoo
1M
363
Image Credit: Coindoo
4 Top Crypto Coins in 2025 That Could Lead the Next Bull Run: BlockDAG, XRP, LINK & TON!
- Selecting the top crypto coins in 2025 involves evaluating real progress, project fundamentals, and steady growth, beyond social media hype.
- BlockDAG, gaining recognition, has delivered 2,660% gains to early backers and features a fully functional mining app, X1 Miner.
- Chainlink's role in DeFi and asset tokenization, with services like Oracle, positions it as a top crypto coin supporting serious use cases.
- XRP, post-legal resolution with the SEC, focuses on cross-border payments and strengthening its utility and real-world purpose.
- Toncoin's link with Telegram's ecosystem, offering fast, low-cost transactions, makes it a top crypto coin with strong user engagement.
- The market cycle is likely to reward strong performance, with BlockDAG, Chainlink, XRP, and Toncoin showing potential as top crypto coins in 2025.
- BlockDAG, Chainlink, XRP, and Toncoin present unique traits that differentiate them in the crypto space, attracting attention for all the right reasons.
- This article is sponsored, and readers are advised to conduct their research before taking any cryptocurrency-related actions.
Read Full Article
21 Likes
Coindoo
1M
170
Image Credit: Coindoo
Bitwise CIO: Corporate Bitcoin Adoption Is Just Beginning
- Corporate interest in Bitcoin is increasing as traditional cash management strategies lose appeal.
- 79 publicly traded companies now hold around $57 billion in BTC as of March.
- Companies are moving away from traditional cash holdings such as U.S. Treasuries and bank deposits.
- Federal deficits and monetary expansion have decreased the attractiveness of traditional options.
- Companies seek alternative ways to protect their wealth, turning to Bitcoin as a hedge.
- Equity markets respond positively to companies adding Bitcoin to their balance sheets.
- Market incentives encourage corporate treasury departments to incorporate Bitcoin.
- Bitcoin gains credibility as a store of value due to market reactions.
- The trend reflects a broader movement towards considering Bitcoin as 'digital gold'.
- Institutional confidence in Bitcoin strengthens its role as a long-term hedge against monetary instability.
- Corporate Bitcoin adoption is described as being in its early stages, forming a 'megatrend'.
- This trend indicates a shift towards digital asset exposure among companies.
- The interview with Bitwise CIO suggests that corporate Bitcoin adoption is just beginning.
Read Full Article
10 Likes
Coindoo
1M
439
Image Credit: Coindoo
XRP Nears Major Cross: Will It Signal Breakout or Breakdown?
- An analyst suggests a major cross for XRP is imminent, potentially signaling a breakout or a pause in momentum.
- The chart outlines three long-term XRP price cycles dating back to 2014, with numbered patterns indicating sharp moves followed by consolidation and breakouts.
- Cycle 3 is currently underway, with anticipation building for the upcoming cross expected in September 2025.
- White circles historically precede price rallies, while red circles indicate consolidation or local tops.
- The community is eagerly awaiting to see whether a red or white signal will appear next, influencing XRP's direction.
- EGRAG plans to provide further insights on this prediction in an upcoming subscriber release, calling it the most insightful cross prediction in XRP history.
- This potential inflection point could offer valuable clues for XRP holders and technical traders to position themselves ahead of the next major move.
Read Full Article
26 Likes
For uninterrupted reading, download the app