Author: CryptoHoppers
Key NotesIf the SEC fails to act, the Appeal and Cross-Appeal process will continue, requiring Ripple to submit additional briefing.Legal experts remain divided on the case’s outcome, with some speculating a settlement before the appeal progresses, early by June 13. XRP trades at $2.2, with technical indicators suggesting a potential 19% decline to $1.71 if the $2.13 support level breaks. The ongoing Ripple lawsuit with the US Securities and Exchange Commission (SEC) is approaching a critical deadline on June 16, wherein SEC’s 60-day window will expire to update the US Court of Appeals. Previously, the deadline was set in April,…
Key Takeaways Bluebird Mining Ventures Ltd. plans to convert gold revenues into Bitcoin, marking a new treasury management strategy. The company believes Bitcoin will reshape financial markets and is seeking a CEO with experience in digital assets. Share this article UK-listed gold mining company Bluebird has announced plans to convert gold revenues into Bitcoin as part of a new strategy to hold digital gold as a long-term treasury reserve asset.Shares of Bluebird soared 63% on Thursday after the company unveiled its Bitcoin treasury strategy, Yahoo Finance data shows. Year-to-date, the stock is still down around 14%.As detailed, BlueBird intends to…
Elon Musk warned that the government’s spending bill would bankrupt Americans and add $2.5 trillion in fiscal debt. Arthur Hayes, Brian Armstrong, and Robert Kiyosaki expected a BTC boom amid the U.S. fiscal crisis. The U.S. fiscal deficit debate resurfaced after Elon Musk slammed the government’s spending bill that would add $2.5 trillion to the debt burden in the next ten years. Musk decried that the bill would bankrupt Americans, reigniting calls for Bitcoin [BTC] as an alternative hedge. Musk went on and added, “It will massively increase the already gigantic budget deficit to $2.5 trillion and burden America citizens…
TLDR: FET trades between $0.7187 and $0.9256, forming a tight consolidation zone. Analysts say a break above $1.00 could open the path toward a $1.50 rally. Higher lows since April suggest increasing bullish strength in FET’s chart. Support between $0.70 and $0.72 has consistently held since May, boosting confidence. FET is nearing a critical point, with price action tightening between key support and resistance levels. Traders and analysts are watching closely as momentum builds. The current range-bound movement signals a potential for volatility ahead. Market participants are urged to wait for confirmation before committing to a direction. As price holds…
Key Takeaways Moscow Exchange launched Bitcoin futures tied to BlackRock’s IBIT, available for qualified investors. The futures contracts are settled in Russian rubles and expire in September 2025. Share this article Russia’s largest trading venue, the Moscow Exchange (MOEX), has introduced futures contracts on BlackRock’s iShares Bitcoin Trust (IBIT), offering regulated exposure to the world’s most prominent Bitcoin fund, the firm said in a June 4 press release.In accordance with Russian law, only qualified investors can trade the contracts, which are quoted in US dollars and settled in Russian rubles. Rather than offering direct exposure to IBIT shares, the contract…
Cryptocurrency analyst Benjamin Cowen is warning that altcoins may collapse in their Bitcoin (BTC) pairs any moment now. In a new strategy session, Cowen tells his 900,000 YouTube subscribers that the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins, remains in a downtrend against the flagship crypto asset and has yet to find a market bottom. “I don’t care how great you think your altcoin community is. I don’t care if your developers that you follow have not yet rugged you. Altcoins, in my opinion, are oscillators at best against…
Mintable is set to launch NFT collectibles as part of its interactive Eco Trail Treasure Hunt ahead of the country’s annual Youth4Climate Festival 2025, as part of the Singapore Sustainability Festival. The Singaporean NFT marketplace is preparing to launch five unique NFTs that visitors can collect by participating in a blockchain-based card game held at City Square Mall on Kitchener Road, Singapore. The Eco Adventure card game will run alongside the Singapore Sustainability Festival, scheduled from June 6 to June 8. During the festival’s run, participants will be able to collect digital badges that they can obtain by scanning eco-friendly…
Key Takeaways Ripple’s RLUSD stablecoin was approved by the DFSA for use in the DIFC. Stablecoin adoption in the UAE is rapidly increasing, with strong interest from businesses for cross-border payments and digital asset solutions. Share this article The Dubai Financial Services Authority, which oversees financial services within the Dubai International Financial Centre (DIFC), has officially accepted Ripple USD (RLUSD), Ripple’s flagship stablecoin, for use within the global financial hub.With this recognition, RLUSD joins a select group of stablecoins that got regulatory legitimacy in both New York, under the New York Department of Financial Services (NYDFS) charter, and Dubai, the…
The total stablecoin market capitalization recently surpassed $250 billion for the first time, signifying their burgeoning trust and adoption.”Crossing $250 billion marks a turning point,” said Hank Huang, CEO at Kronos Research. “Stablecoins are no longer experimental, they’re essential.”According to CoinGecko data, the figure currently stands at $250.3 billion, where $245.5 billion is owned by U.S. dollar-backed stablecoins. Among stablecoins, Tether’s USDT dominated with a market capitalization exceeding $153 billion, ahead of runner-up Circle USDC’s $60.9 billion.Key drivers of the stablecoin market cap are regulatory clarity and DeFi adoption, LVRG Research Director Nick Ruck told The Block. Endorsed by President Donald…
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