Crypto News

Bitcoin Faces Risk of Pullback to $100K as Momentum Indicator Diverges Bearishly: Technical Analysis Bitcoin's bull run has stalled, with emerging technical signals pointing to a possible price pullback. The leading cryptocurrency by market value traded near $108,000 at press time, probing the bullish trendline, characterizing the sharp rise from $75K to record highs over $110K. There has been little bullish action in the past 24 hours despite reports that the Trump family media company plans to raise $3 billion to buy cryptocurrencies such as bitcoin. A key momentum indicator called the 30-day rate of change (ROC), which measures the percentage increase or decrease in bitcoin's price over the past month, has chalked out a "bearish...

(CoinDesk Data) Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. Uniswap's UNI token surged from $6.00 to $6.65 over the past 24 hours, pushing the token up 5%, while the broader market gauge CoinDesk20 Index fell 1.8% in the last 24 hours. This momentum coincides with Uniswap recording its highest monthly transaction volume since February, processing over $73 billion in trades and generating more than $380 million in revenue this year, as institutional interest grows and a notable whale re-entered the market by acquiring nearly $4 million worth of UNI. SCB10X’s New CEO Sees US-Asia Crypto...

Bitlayer, a Bitcoin Layer 2 built on the BitVM paradigm, has partnered with three of the world’s largest bitcoin mining pools — Antpool, F2Pool, and SpiderPool — in a first-of-its-kind collaboration to accelerate the real-world adoption of BitVM, a breakthrough technology focused on enabling Bitcoin-native DeFi. Bitcoin’s ecosystem has lagged behind other Layer 1s like Ethereum for years due to technical limitations — especially its lack of support for Turing-complete smart contracts. Bitlayer’s BitVM paradigm addresses this by offering Bitcoin-equivalent security and Turing completeness without altering Bitcoin’s core protocol or compromising its foundational design. But turning that vision into reality requires the cooperation of...

Whale transactions over $1M surged in mid-May, just before Bitcoin’s breakout past $109K. Bitcoin's rapid surge past $109,000 this week shows telltale signs of "smart money" whale behaviour—precisely what hedge fund mogul Paul Tudor Jones describes as early-mover signaling at market turning points. Hedge fund manager Paul Tudor Jones, the founder of Tudor Investment Corporation and the trader who famously "called" the 1987 crash, argues that "smart money" (i.e., the significant, widely informed capital supplied by institutions and whales) serves to identify market turning points. On-chain data indicates transaction sizes above $1 million spiked to multi-month highs in mid-May, several days before the surge. This uptick in whale...

Bitcoin short-term holder cost basis (Bitcoin Magazine Pro/Bitfinex) After softly rising over the weekend, bitcoin BTC slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day. The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week. Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins, and exchange coins — the day’s big winner is decentralized exchange Uniswap UNI, which saw its token rise 6.6%. Tokens for Chainlink LINK and Avalanche AVAX also gained 3.3% and 3.4% respectively. The gains happened overnight, spurred...

Markets surge on Trump's latest tariff decision The crypto market reacted positively to the European Union deciding to expedite trade negotiations with the United States. The total crypto market cap grew 2.67% within 24 hours to $3.45 trillion at the time of writing. As per Kraken's price feed, Bitcoin was quoting at $110,019 at press time, up 2.85% in a day. Ethereum was trading at $2,566.62 at press time, up 2.20% in a day. Other altcoins have also soared following the announcement. XRP was trading at $2.32, up 2.08% in a day. SOL was trading at $176.78, up 4.13% in a day. The leading meme coin, DOGE, was trading at $0.2260, up 3.96% in a day. On May 26, both U.S. President Donald Trump and European Commission President Ursula...

Trump Media stock jumps 4.64% to $25.72 after reports of a $3B crypto investment plan emerge. Trump Media is reportedly planning a major move into crypto, raising $3 billion to invest in digital assets, focusing on Bitcoin. The capital raise will consist of $2 billion of equity and $1 billion of convertible bonds. An announcement is reportedly to take place during a high-profile cryptocurrency event soon to be held in Las Vegas. Vice President JD Vance, Donald Trump Jr., Eric Trump, and David Sacks, the administration's unofficial crypto czar, will attend the event. On Monday, the company's share price was $25.72, with a value of almost $6 billion. The shares will likely be issued at the market price (ATM) terms. This planned...

Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, is planning to raise $3 billion to buy crypto assets, the Financial Times reported on Monday. The capital raise, which is said to combine an equity raise and convertible bond offering, could be announced at this week's Bitcoin 2025 event held in Las Vegas, according to the report. The news comes as a growing roster of public firms are adding cryptocurrencies, predominantly bitcoin BTC, to their balance sheets, taking a page from Michael Saylor-helmed Strategy's (MSTR) increasingly popular playbook. The software firm has become the world's largest corporate holder of the leading crypto asset, accumulating over $62 billion in BTC in its...

The Dubai Land Department (DLD), a government agency for the real estate industry, has launched its first tokenized real estate platform as part of a government-backed effort that could see $16 billion worth of real estate digitized by 2033. The platform, called Prypco Mint and developed in partnership with real estate fintech firm Prypco, allows investors to purchase fractional ownership in Dubai properties using local currency starting at 2,000 dirhams, or about $540, according to a Sunday press release by the agency. In the initial phase, the platform only supports dirham transactions and is available to United Arab Emirates ID cardholders, but the agency said it plans to expand access globally in the near future and integrate more...

Legendary trader Peter Brandt — best known for nailing past moves in the S&P 500 — has a latest market projection that is worth paying heed to. Brandt shared a technical analysis of the Bitcoin price chart on May 21 — the day Bitcoin broke record to hit a new all-time high (ATH) of $109,487.23. Brandt said while the recent Bitcoin ATH was "wonderful," it isn't technically significant. ATHs are common during a bull market; in fact, it is "the definition of a bull market," he added. As per his technical analysis, Bitcoin is "maybe" on the way to top $125,000-$150,000 by end of August, the veteran trader projected. Bitcoin hit its previous ATH of $109,241 on Jan. 20, ahead of Donald Trump's presidential inauguration. So far, the...

Zacks Investment Research BioSig Technologies, Inc. (BSGM) recently entered into a definitive share exchange agreement with Streamex Exchange Corporation (Streamex), a private company focused on the tokenization of real-world assets. This strategic move marks BioSig’s entry into the rapidly growing blockchain and digital asset sector, with an emphasis on bringing commodity markets on-chain. With this agreement, BioSig is positioning itself to tap into the growing global commodities market through innovative blockchain solutions. This merger not only diversifies BioSig’s business model but also aligns it with the future of decentralized finance, unlocking new opportunities for growth and market relevance in the digital age. Likely...

Crypto-focused fintechs have gained momentum in the backdrop of easing regulatory control to accelerate crypto adoption (including institutional) as well as integrating artificial intelligence (AI) and blockchain technology. In this context, let’s find out which of these two companies is better poised, Coinbase COIN or Block Inc. XYZ. Stablecoins, which bridge the gap between traditional finance and the crypto space, are gaining importance in shaping the digital financial system. In fact, major banks are also exploring their own stablecoin initiatives. Also, major players are pursuing mergers and acquisitions to consolidate their market positions. There were reports about Stablecoin issuer Circle mulling over a sale either to COIN or...

Strategy, previously known as MicroStrategy, has just announced that it raised $427 million in one week by selling corporate shares through ATM offerings to buy 4,020 additional Bitcoins. Now, MicroStrategy holds 580,250 BTC. MicroStrategy uses an approach known as "at-the-market" (ATM) offerings to sell company stock directly to investors. MSTR is their common stock, while STRK and STRF are preferred stock that pay annual interest at 8% and 10%, respectively. This approach allows MicroStrategy to raise cash by selling shares without taking on traditional debt, using the funds to purchase Bitcoin, which they view as a better long-term investment than cash. MicroStrategy issued its first preferred stock, STRK, in early 2025, which...

Sam Bankman-Fried, or "SBF," the disgraced founder and CEO of the bankrupt crypto exchange FTX, is expected to be released more than four years earlier than his original sentence of 25 years. SBF is now expected to be released on Dec. 14, 2044. Founded in 2019, FTX was the third-largest cryptocurrency exchange in terms of trading volume at its peak in July 2021. The exchange was committing financial fraud by channeling customer funds to the main executives themselves by pooling money with SBF's crypto hedge fund, Alameda Research. SBF's then-girlfriend Caroline Ellison acted as the CEO at the hedge fund. Once FTX depositors sensed a potential fraud, they immediately began withdrawing their funds from the exchange. FTX subsequently...

Strategy (MSTR) has acquired an additional 4,020 bitcoin BTC for roughly $427 million, pushing its total holdings to 580,250 BTC, the company said. The latest acquisition was funded through three ongoing at-the-market (ATM) equity programs, according to a press release. Between May 19 and May 25, Strategy sold 847,000 shares of its common stock (MSTR) for $348.7 million, 678,970 shares of STRK preferred stock for $67.9 million, and 104,423 shares of STRF preferred stock for $10.4 million. These offerings, with combined capacities of nearly $45 billion, are part of the company’s long-running bitcoin accumulation strategy. At an average purchase price of $106,237 per coin for the latest tranche, the firm’s total bitcoin investment now...

Pakistan has committed 2,000 megawatts of electricity to bitcoin mining and artificial intelligence data centers, the country’s finance ministry said. The committed energy is being directed from coal-fired power plants that are currently running at 15% capacity, in an initiative spearheaded by the Pakistan Crypto Council. By tapping surplus energy, the government hopes to turn a liability into an asset. Officials say the plan will create tech-related jobs and help attract overseas capital as the country works to stabilize its fragile economy, which came close to default in 2023. Pakistan is also laying the groundwork for a regulatory framework to support its estimated 15 to 20 million cryptocurrency users. This article has been...

Monero flips TON and LTC. (Coingecko) Monero's Market Cap Flips Litecoin and Toncoin as XMR Enters Top 25 Tokens Privacy-focused cryptocurrency monero (XMR) has overtaken litecoin (LTC) and toncoin (TON) to rank among the top 25 digital assets by market value. The so-called flippening is characterized by XMR's market capitalization topping $7.5 billion, racing ahead of TON's $7.48 billion and LTC's $7.35 billion, according to data source Coingecko. Monero (XMR) is a decentralized, peer-to-peer cryptocurrency with privacy-enhancing technologies to obscure transaction details. That makes traditional financial tracking and intercepting methods largely obsolete, which explains why criminals love cryptocurrency. Earlier this year, a...

Image source: Getty Images. Bitcoin Just Hit an All-Time High, but Is the Cryptocurrency a Buy? Key Points This year has been a rollercoaster for Bitcoin so far. The world's top cryptocurrency hit an all-time high of $109,000 in January, fell to as low as $75,000 in April, and has now set a new all-time high of $112,000 as of May 22. Many investors are uncertain about Bitcoin’s future trajectory. Questions arise whether it will continue escalating in value or if it's headed for another market correction. Is Bitcoin a tech stock or "digital gold"? Part of the confusion surrounding Bitcoin comes from its dual nature. It sometimes behaves like a high-risk, high-reward tech stock and boasts a market cap of $2.2 trillion, similar to...

One of the most closely watched crypto wallets in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC on the onchain trading platform Hyperliquid. The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The position is already up $500,000 as of European morning hours, with pepe up nearly 6% in the past few hours. Pseudonymous trader “James Wynn” — known as “moonpig” on decentralized exchange Hyperliquid — closed their $1.2 billion BTC long position with a $17.5 million loss on Monday. Wynn then opened a $1 billion short using 40x leverage, effectively wagering their entire $50...

"SHIB Surges 5% After Mid-Day Dip, Defying Economic Tensions" Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu's SHIB token demonstrating remarkable resilience amid broader economic uncertainty. After experiencing a significant mid-day sell-off, SHIB staged an impressive recovery during the 22:00 hour, surging 3.0% on nearly 900 billion in volume before establishing a new resistance level at $0.0000147. Technical Analysis Highlights This article has been published in yahoo.com via Yahoo News. https://finance.yahoo.com/news/shib-surges-5-mid-day-064104015.html