Crypto News

Dogecoin DOGE fell as much as 4.3% over the past 24 hours, dropping from $0.196 to $0.189 as profit-taking continues across majors. The meme-inspired token broke below key support at $0.194 during heavy selling between 11:00-14:00, establishing a new resistance zone while finding a temporary bottom at $0.187. News Background Price-Action According to CoinDesk Research’s technical analysis model, DOGE’s price action now consolidates between $0.188 and $0.190, with some technical indicators suggesting potential exhaustion of sellers after the high-volume flush at the $0.187 level. Analysts are watching the descending triangle pattern forming on the charts, as its resolution could dictate DOGE’s next move. While some traders have...

Profit-taking continued to weigh down crypto markets Thursday as Dogecoin (DOGE) and Cardano’s ADA led declines among major tokens, with Bitcoin (BTC) remaining little-changed over the past 24 hours. XRP, Solana’s SOL, and BNB Chain’s BNB shed 1.5%, while Tron’s TRX was the only major token in the green with a 1.9% bump. “Recent macro and policy conditions have created uncertainty in risk-on assets, which is reflected in the current Bitcoin price,” said the CEO of HashKey Tokenization in a message. “While we believe there will likely be volatilities in Bitcoin and cryptocurrencies, we remain positive on BTC as a strategic asset for investors in the longer term,” they added, noting that recent inflows into BTC and ETH ETFs show...

Hong Kong Set to Allow Crypto Derivatives Trading The Securities and Futures Commission, Hong Kong’s securities regulator, is planning to allow professional investors to trade crypto derivatives, marking a significant expansion of the territory’s virtual asset market offerings, according to a report from China Daily. Crypto derivatives are a considerably larger market than spot trading. Data from TokenInsight shows that the crypto derivatives market pushed through $21 trillion in volume for the first quarter of the year, compared to $4.6 trillion in spot volume. Stakeholders in the industry have long called for Hong Kong to license crypto derivatives trading. Speaking to the South China Morning Post earlier this year, Jean-David...

(CoinDesk) Macro Events and Vitalik's Bold Plan to 10x Ethereum Layer 1 Could Propel ETH Past $3000: OKX's Lennix Lai ETH traders are eying $2600 as Asia begins its business day, but OKX's Chief Commercial Officer Lennix Lai sees an easy path for the token to hit $3000 if Vitalik Buterin can get rid of Ethereum's reliance on Layer-2s. Layer 1 refers to the main blockchain infrastructure, such as Ethereum itself, while Layer 2 solutions are secondary systems built on top of Layer 1 to enhance scalability and speed up transactions. "Vitalik’s pivot to scale Ethereum Layer 1 by 10x will be a game-changer, shifting focus away from heavy reliance on Layer 2 solutions like sharding," Lai said, referring to recent comments Buterin made...

Imagine a world where your solar panel, GPS tracker, or flight monitor earns passive income 24/7 — feeding valuable data to AI giants and global businesses. That’s the world IoTeX is building. Co-founder Jing Sun says their platform is at the center of a new machine economy — where real-world devices plug into Decentralized Physical Infrastructure Networks (DePINs) and start generating real yield. From Silicon Valley VC to crypto builder Jing Sun started in venture capital, backing deep-tech startups across AI, data, and IoT. But things changed in 2017. “We saw a huge vision,” she said. Inspired by the Ethereum whitepaper, she co-founded IoTeX, a Layer 1 blockchain designed to connect device data with AI models and traditional...

Pi (PI) trades at $0.6537 after breaking out of a narrow range, but remains below key resistance as MACD signals weak bullish momentum. Pi Coin Breaks Out of the Range But Faces Resistance Pi (PI) is a native token of Pi Network, a cryptocurrency project that aims to make crypto and blockchain technology more accessible to the masses. Pi/USDT reached resistance at the upper trading range of $0.648 to $0.656 between June 2 and June 4 and continued above on increased volume to test a down Bullish cross over in the Ichimoku cloud, also supporting momentum, while Stochastic RSI above 80 indicated overbought territory. MACD signals are mixed, trading around the zero level with a slightly negative histogram, suggesting that bulls are...

Tired of watching your Bitcoin or Ethereum sit idle while others earn yield? Figment, the world’s largest independent staking provider, is making it effortless to put your crypto to work — securely, at scale, and with full institutional backing. Whether you’re holding a few million in Solana or running a fund, staking is the new way to earn, and Figment is quietly powering that revolution behind the scenes. “Figment is the world’s largest independent staking provider,” said co-founder Florian Gable. With a team of 150 people across New York, Singapore, London, Japan, South America, and headquartered in Toronto, Figment works with everyone from VC funds and ETFs to family offices and TradFi giants. Their job? Helping clients stake...

California State Considers Seizing Unclaimed Assets The California State Assembly has passed Assembly Bill (AB) 1052 with a 69-0 vote that mandates the state to seize Bitcoin and other cryptocurrencies left unclaimed for 3 years. Now, the Senate will vote on the bill. Introduced by Democrat member Avelino Valencia, the bill includes digital assets, including virtual currencies, cryptocurrencies, or other digital-only assets in the existing list of traditional assets such as bank accounts and safe deposits within the legal framework. To put it simply, the bill, once passed, allows the state of California to seize cryptocurrencies left unclaimed on exchanges for 3 years, which can then be claimed by their owners. Notably, the bill...

Image source: Getty Images. Why Applied Digital Stock Skyrocketed Again Today Key Points Applied Digital (NASDAQ: APLD) stock closed out Wednesday's trading with another day of explosive gains. The company's share price was up 29.6% at the end of the daily session. Applied Digital stock rocketed higher today after B. Riley published new coverage on the company and dramatically increased its one-year valuation forecast. Investors are feeling bullish after the data-center specialist announced a major new deal with CoreWeave. Applied Digital stock is now up roughly 78% over the last week of trading. Applied Digital stock soars on new analyst note Before the market opened this morning, B. Riley reiterated a buy rating on Applied...

Stablecoin Firm Circle’s IPO Raises $1.1 Billion in Upsized Deal Circle Internet Group Inc. and some of its shareholders raised nearly $1.1 billion in an upsized initial public offering that was priced above a marketed range, in a sign that stablecoin issuers are winning greater acceptance. The firm and backers including co-founder and Chief Executive Officer Jeremy Allaire sold 34 million shares Wednesday for $31 each, according to a statement confirming an earlier Bloomberg News report. The pricing gives Circle a market value of $6.9 billion based on the outstanding shares listed in its filings. Accounting for employee stock options, restricted share units and warrants, the company would have a fully diluted valuation of about $8.1...

Eric Trump and Donald Trump Jr. said they knew nothing about an official Trump-branded crypto wallet announced Tuesday. - Chip Somodevilla/Getty Images Trump’s sons deny involvement in ‘official’ Trump memecoin wallet The Trump family is quickly learning what happens when you get into business with one of the internet’s most bizarre sideshows. As a quick catch-up: On Tuesday, crypto researcher Molly White dropped a scoop that said the president was about to launch a Trump-branded cryptocurrency wallet to encourage people to trade his $TRUMP memecoin — yet another product expanding the Trump family’s reach in digital assets. (For the uninitiated, a crypto wallet is a kind of personal online vault for storing digital assets like...

CoreDAO brings 5% yield to Bitcoin without giving up self-custody At the Bitcoin 2025 conference, Rich Rines of CoreDAO spoke about a self-custodial alternative for Bitcoin holders, ensuring they no longer have to choose between security and yield. Founded in 2022, CoreDAO offers self-custodial Bitcoin staking that allows users to earn up to 5% yield without giving up their keys. Secured by 75% of Bitcoin’s hash rate, CoreDAO's sidechain unlocks access to over 150 DeFi apps while maintaining Bitcoin-level security. Bitcoin is currently trading at $105,133, reflecting a 0.76% drop in the past 24 hours and a 1.99% decrease on the week. The cryptocurrency stands 5.8% below its all-time high from May 22. A new way to stake Bitcoin...

Robinhood Is a ‘Prime Candidate’ for S&P 500 Addition, BofA Says (Bloomberg) -- Robinhood Markets Inc. is a “prime candidate” to enter the S&P 500 Index in the rebalancing set to be announced Friday, a milestone that would spur passive funds to snap up shares of the online brokerage, according to Bank of America Corp. Most Read from Bloomberg The stock was in focus among investors at a meeting about potential index changes for financial stocks, analysts led by Craig Siegenthaler wrote in a note. Robinhood’s stock has surged as both equity and cryptocurrency markets rally, and on Tuesday, it closed at its first record high in nearly four years. The shares were 0.3% higher on Wednesday afternoon after swinging between gains and...

JPMorgan Chase is reportedly gearing up to accept spot Bitcoin ETFs as collateral for loans — a move that could open the floodgates for more crypto-backed lending on Wall Street. According to a June 4 report by Bloomberg, the bank plans to roll out the program within its trading and wealth management divisions. The initial focus will be on BlackRock’s iShares Bitcoin Trust (IBIT), but sources say other spot Bitcoin ETFs will likely be included over time. JPMorgan's move comes as President Donald Trump has set a course to deregulate finance, and there are fewer obstacles to using crypto in banking and lending since his re-election. JPMorgan has previously accepted crypto ETF holdings as collateral on a case-by-case basis. But this new...

Pro-XRP lawyer John Deaton warns against using home equity to buy Bitcoin Pro-XRP lawyer John Deaton has sounded the alarm over the latest investment trends emerging in the Bitcoin community. There are multiple ways to trade Bitcoin in the U.S. One can directly trade in BTC over centralized or decentralized crypto exchanges, invest in stocks of Bitcoin-focused companies such as Strategy (Nasdaq: MSTR), or invest in exchange-traded funds (ETFs) tied to Bitcoin. There are even more innovative ways of Bitcoin investing that are gaining the attention of the trading community. One such way is using home equity to invest in Bitcoin. Recently, a technology company Horizon launched a program that lets a homeowner access a portion of their...

Eric Trump has a strong message for 'earliest believers' The Trump family is involved with several crypto projects, one of them being a decentralized finance (DeFi) venture called the World Liberty Financial. While President Donald Trump himself acts as the chief crypto advocate at the project, his sons Donald Jr., Eric, and Barron act as Web3 ambassadors there. The family holds a 60% stake in the project. The crypto project has also launched USD1. It is a stablecoin, a type of cryptocurrency that, unlike usually volatile cryptocurrencies such as Bitcoin, maintains a stable value. It is usually pegged to a fiat currency like the U.S. dollar or a commodity like gold. USD1, as the name suggests, is pegged 1:1 to the dollar. It says it...

Shares of Robinhood Markets, Inc. (HOOD) touched an all-time high of $72.72 during yesterday’s trading session after announcing the completion of the acquisition of global cryptocurrency exchange Bitstamp Ltd. Founded in 2011, Bitstamp has offices in Luxembourg, the U.K., Slovenia, Singapore, and the United States. With this acquisition, Robinhood will be able to significantly enhance its crypto offerings as Bitstamp features more than 85 tradable assets. Also, the deal introduces Robinhood’s first institutional crypto business. Johann Kerbrat, the general manager of Robinhood Crypto, said, “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and long-standing global exchange has shown...

3 Reasons Growth Investors Will Love UP Fintech Holding Limited (TIGR) Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. UP Fintech Holding...

Bitcoin mining remains fiercely competitive and often out of reach for most investors. A turnkey approach To meet growing demand from investors seeking direct mining exposure, Blockware operates eight data centers across seven states, securing industrial power rates that drastically lower operating expenses. Askew explains, “Every day you’re producing Bitcoin at a discount to the market price—if you’re mining at a block or site with the latest and greatest Bitcoin miner, your break-even cost is around $60,000 per Bitcoin.” Clients purchase ASIC miners and ship them directly to Blockware’s facilities. “They can run it at one of our facilities and get access to industrial power rates, allowing them to mine profitably and without doing...

If You’d Invested $100 in Trump’s Crypto in January, Here’s How Much You’d Have Today President Donald Trump launched a crypto coin just before his inauguration in January 2025. And if you saw the hype train coming from a mile away, you might have thrown some fun money into TRUMP coin. After a few months of insane volatility, here’s a breakdown of exactly how much you’d have now if you invested $100 in Official Trump coin back in January. Trump Coin Price History The Trump meme coin was launched on Jan. 17, 2025 — just three days before Trump was inaugurated as the 47th President of the United States of America. The coin launched quietly at first, being sold on the Solana blockchain. Traders wondered if the coin was a fake, but...