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On Thursday, Bitcoin (BTC) prices dipped to below $101,000 as fallout between US President Donald Trump and world’s wealthiest man Elon Musk rocked the US financial markets. However, in the past 48 hours, the maiden cryptocurrency has registered a rebound climbing to above $105,000 before slipping into a sideways movement. Amidst these developments, a popular crypto analyst with X pseudonym KillaXBT has outlined multiple scenarios for Bitcoin’s next price action.

Behind Bitcoin’s Rebound From $100,000

In an X post on June 7, KillaXBT provides a profound technical analysis of the Bitcoin market discussing the recent price rebound and potential developments moving forward. After reaching a new all-time high near $112,000 on May 22, BTC entered a corrective phase falling by an estimated 10% into the $100,000 price range, before it’s recent rebound in the past two days. KillaXBT explains this rebound is not random and was driven by a combination of technical and market factors. These factors include the daily FVG and volume imbalances which are price filled inefficiencies left behind on the chart.

Furthermore, there was a liquidity sweep as Bitcoin’s steady decline pushed prices below the previous weekly lows triggering many stop-losses from long positions. This development created a flush of liquidity for big players which served as a fuel in driving a market rebound. Finally, KillaXBT talks on a short squeeze setup whereby the Bitcoin market turned short heavy when traders expected a further downside following the initial price bounce from $100,000. When prices started going up, these short traders had to buy back to cover their losses, adding more fuel to the rally.

What Next For BTC?

Looking to the future, KillaXBT has highlighted three potential scenarios for BTC. Presently, the analysts states the premier cryptocurrency is retesting a resistance zone between $104,800-$106,000 which aligns with the 0.5-0.618 Fibonacci retracement levels of the recent price drop. For the first scenario, KillaXBT foresees a bullish continuation only if Bitcoin breaks and holds above this resistance region. Such a move could trap short sellers once again, potentially fueling further upside momentum. However, if Bitcoin faces rejection at this specified resistance area, the second scenario comes into play, in which the price is likely to decline and retest the $100,000 support level. The third, final and worst case scenario includes a price break below the $100,000 leading Bitcoin to retest support zones around the $97,000 price region. Interestingly, KillaXBT’s personal projection expects market makers to continue driving Bitcoin’s price higher, capitalizing on the recent sharp rebound that caught many short traders off guard. With no clear “safe” long entry yet available, the analyst suggests that pushing prices further would trap more short sellers while forcing sidelined bulls to chase the rally At press time, BTC continues to trade at $105,600 reflecting a 1.16% gain in the past day.

The crypto world is bustling with momentum.

Japan just revamped its Payment Services Act to be ‘crypto-friendly,’ opening the door for more institutional and mainstream adoption across Asia.

In Dubai, tokenized real estate pushed sales past $18B in May – proof that on‑chain ownership of physical assets is no longer science fiction.

Meanwhile, Bitcoin is staging another bull run, and altcoin investors are itching to catch the next wave.

Let’s look at the three of the best altcoins in presale right now – each uniquely positioned to benefit from crypto-friendly regulation in Asia and real-world tokenization trends.

Why Now is a Golden Moment

Crypto is having a global moment – and it’s not just about price charts anymore.

In Asia, Japan just revised its Payment Services Act, tightening oversight while making space for crypto firms to register and operate more easily.

It’s a clear sign that regulators are shifting from resistance to integration. This move could unlock a wave of institutional adoption across Asia, one of the largest and fastest-growing crypto markets in the world.

Meanwhile, in the Middle East, Dubai is setting records. The city saw over $18B in real estate sales in May alone, fueled in part by the rapid rise of tokenized property.

Instead of paperwork and middlemen, buyers can now invest using blockchain-based tokens – secure, traceable, and fast.

These two trends, regulatory clarity and real-world use cases, are no longer hypothetical. They’re happening now. And they’re fueling demand for presale projects that don’t just promise innovation – they’re built for it.

1. Solaxy ($SOLX) – Terraforming Solana with Layer‑2 Power

With the world turning to scalable crypto infrastructure, Solaxy ($SOLX) is stepping up as the first-ever Layer‑2 built on Solana, aiming to lead the next phase of blockchain evolution.

Designed to neutralize Solana’s most pressing issues like network congestion, failed transactions, and scaling headaches, Solaxy also amplifies everything Solana does best. Including lightning speed and rock-bottom fees.

It’s not just a patch – it’s a performance upgrade.

But Solaxy doesn’t stop at Solana. With its native token $SOLX set to go multichain on both Ethereum and Solana, it bridges two of the biggest blockchain ecosystems.

That means access to Ethereum’s deep DeFi liquidity and Solana’s meme-coin explosion – all from one token.

It’s no wonder the presale has already raised over $45.4M. But right now, you can still buy $SOLX for just $0.001748 per token.

Solaxy also democratizes high-frequency meme coin trading, giving regular users tools once reserved for sniper bots.

With only 8 days left in the presale, this is the final boarding call for what could be one of the best altcoins of the year.

2. SUBBD Token ($SUBBD) – Real‑World Creator Economy Tokenization

As real-world tokenization gains ground, SUBBD Token ($SUBBD) is stepping into the spotlight as the first AI agent for content creation and premium Web3 platform.

Designed for influencers, creators, and their fans, SUBBD transforms the traditional creator economy by removing middlemen and putting monetization directly into the hands of its users.

At the time of writing, $SUBBD is in presale at $0.0556 and has already raised over $625K.

Here’s how it works: creators can use AI tools to automate chats, upsell premium content, and even delegate video editing.

Fans can buy tokens to unlock gated content, tip creators, or even interact with AI-generated avatars approved by the original influencers themselves.

With over 250M followers across the platform and its affiliated brands, $SUBBD already has the reach to take off fast.

Price forecasts suggest $SUBBD could reach between $0.08 and $0.30 in 2025 – making it a standout among the new crypto projects with real-world use and upside.

3. Qubetics ($TICS) – Tokenizing Real-World Assets at Scale

Qubetics ($TICS) enters the scene as a full-fledged Layer‑1 blockchain built around real-world asset tokenization.

It enables individuals, institutions, and businesses to digitize high-value assets, like real estate, fine art, and private equity, and trade them seamlessly on-chain through a decentralized, non‑custodial marketplace.

The platform connects Bitcoin, Ethereum, and Solana ecosystems, offering cross-chain access, transparency, and global reach – all while complying with local regulations.

The crypto presale is already turning heads: $TICS is currently trading at $0.33709673, and over $17.8M has been raised so far – proof there’s serious institutional and retail interest.

With 38.5 % of the total supply allocated for presale, the launch is both well-funded and structured.

Qubetics stands out by reducing friction in real-world asset trading: instant settlements, low fees, and regulatory compliance make it easy to fractionalize expensive assets.

In a world where tokenization is moving from theory to practice, Qubetics offers a bridge between traditional assets and decentralized finance.

Global Shifts, Local Gains: 3 Crypto Presales to Watch

From Japan’s crypto-friendly reforms to Dubai’s tokenized real estate surge, adoption is accelerating.

Projects like Solaxy, SUBBD Token, and Qubetics are built for this moment – bridging regulation, utility, and innovation. Whether you’re into utility or opportunity, these could be your best altcoins yet.

Before investing in crypto, remember to do your own research (DYOR). This article is for informational purposes only and doesn’t constitute financial advice.

Антикоррупционное управление Аргентины (OA) завершило расследование этичности поведения президента Хавьера Милея (Javier Milei), рекламировавшего рухнувший токен Libra.

Bitcoin appears to be walking a well-worn path, one that gold traced out not long ago. According to an analysis shared by crypto analyst Ted Pillows on the social media platform X, the current price structure of the leading cryptocurrency is closely imitating gold’s trajectory from its accumulation phase through distribution and a breakout rally.

The observation, backed by a side-by-side comparative chart, suggests that Bitcoin’s correction after hitting its new all-time high earlier this year is not only healthy but also part of a large alignment with gold’s recent bull run.

Distribution, Reaccumulation, And Setup For Next Breakout

Technical analysis of Bitcoin’s price chart shows that the leading cryptocurrency is tracing out a path laid out by fold, albeit across different timeframes. Although Bitcoin’s formation is developing on the mid-range 2W timeframe, gold’s similar structure played out on the larger monthly candlestick chart. Despite the difference in scale, the resemblance in structure is significant for what lies ahead.

As shown in the chart comparison below, gold’s historical pattern begins with an initial distribution zone that spanned from 2011 to 2013, followed by a long accumulation period up until mid-2019. Once that base was built, gold transitioned into a re-accumulation phase that lasted until 2023. This accumulation phase was the stage for gold’s price explosion, which culminated in recent highs above $3,300.

Pillows illustrates how Bitcoin is now going through a similar progression. After its euphoric rally to $69,000 in late 2021, Bitcoin entered a distribution phase that lasted throughout 2022. What followed was a textbook accumulation structure in 2023. Bitcoin then broke above $45,000 and entered a reaccumulation phase in late 2024, almost a mirror image of gold’s price development just before its breakout.

In the case of Bitcoin, its vertical rally began in late 2024 and continued until the recent price action. The chart below clearly marks this current BTC phase, with the analyst projecting a continued move to new all-time highs.

Chart Image From X: TedPillows

Bitcoin Will Break Out By Q3 2025

Interestingly, gold also underwent a similar pullback in its rally phase shortly after initially reaching a new peak just above $2,750. This correction occurred over the space of two monthly candlesticks before it resumed its powerful rally. “Gold also had a correction after hitting the new ATH, and the same happened with BTC,” Pillows remarked. 

The implication here is that Bitcoin’s current price behavior isn’t a sign of weakness but rather part of a consolidation phase before the next leg up. Just as gold surged vertically after exiting its final reaccumulation box, Bitcoin may follow suit very soon. 

Based on this fractal similarity and the broader trend behavior, Pillows projects that Bitcoin will reach a cycle peak somewhere between $125,000 and $130,000 in the third quarter of 2025. At the time of writing, Bitcoin is trading at approximately $105,600,

Featured image from Unsplash, chart from TradingView

Основатель платформы Curve Finance Михаил Егоров заявил, что децентрализованные проекты столкнулись с новой волной угроз — спланированными атаками наемных групп хакеров.

Ethereum has remained resilient over the past few weeks, holding firmly above key support levels despite a broader market pullback. While many altcoins have struggled to find direction, ETH continues to trade above the $2,500 zone — a level that has repeatedly served as a strong foundation during times of uncertainty. Now, all eyes are on the $2,800 mark, which stands as the critical resistance level that bulls must reclaim to confirm a breakout and reignite bullish momentum.

The overall market remains in a wait-and-see mode, with volatility rising and macroeconomic risks clouding short-term confidence. But Ethereum’s structure remains intact, and price action continues to favor accumulation rather than breakdown.

Top analyst Carl Runefelt recently shared a bullish outlook on Ethereum’s ETH/BTC pair, highlighting the formation of a textbook bullish pennant. According to his analysis, Ethereum is preparing for a parabolic move once it breaks out of this high-timeframe consolidation. A breakout on the ETH/BTC chart would likely signal altcoin strength across the board, with Ethereum leading the charge.

Ethereum Eyes Breakout After Holding Critical Support

Ethereum has seen a 14% retrace since the last week of May, but despite the pullback, it continues to hold firmly above the $2,400 support zone — a level that has acted as a floor during the recent correction. While market sentiment has been shaky, Ethereum’s ability to maintain this structure has analysts growing increasingly optimistic. The price action suggests consolidation rather than weakness, with bulls preparing for a potential breakout in the coming sessions.

ETH remains down significantly from its yearly highs, but a recovery could be underway. The $2,800 resistance is now the critical barrier for a bullish continuation. Reclaiming that level would confirm a breakout from the current range and open the door to retesting the $3,000–$3,200 region. Some analysts argue that this recovery could mark the start of Ethereum catching up with Bitcoin’s lead, especially if it starts gaining strength in the ETH/BTC pair.

Runefelt recently pointed to a bullish pennant forming on the ETH/BTC chart, suggesting that Ethereum may be on the verge of a parabolic move. The key level to watch is around 0.026 BTC. A confirmed breakout above this threshold could signal the start of altseason, as Ethereum tends to lead the way during major altcoin rotations.

For now, ETH is at a critical crossroads. Holding above $2,400 gives bulls a strong foundation, but follow-through is needed. A breakout in both USD and BTC pairs would validate the bullish case and likely trigger broader upside across the altcoin market. With momentum building and a technical setup aligning, Ethereum’s next move could shape the market direction well into the summer.

ETH Consolidates Below Resistance As Bulls Defend $2,430 Support

Ethereum is trading at $2,516 on the daily timeframe, consolidating just below key resistance at the 200-day simple moving average (SMA), currently at $2,663. After a strong rally in May, ETH has entered a sideways range and is now retesting the 34-day exponential moving average (EMA) at $2,431 — a critical level that previously acted as a springboard for the most recent push higher.

Despite several attempts, Ethereum has been unable to break above the $2,800 zone, forming a clear horizontal resistance capped by the 200-day SMA. This repeated rejection highlights growing selling pressure at the top of the range. However, the overall structure remains intact as long as ETH holds above $2,430. A daily close below this level could trigger further downside toward the 100-day SMA near $2,266.

Volume has declined during this consolidation, suggesting a lack of conviction from both bulls and bears — a setup that typically precedes a breakout. If bulls can reclaim the 200-day SMA, momentum may quickly return, with $2,800 as the next critical breakout level.

Featured image from Dall-E, chart from TradingView

Инвестиционный директор компании Bitwise Мэтт Хоуган (Matt Hougan) призвал инвесторов «не добавлять бездумно» первую криптовалюту в инвестиционный портфель и пересмотреть структуру вложений в пользу менее рисковых активов.

Генеральный директор Tether Паоло Ардоино (Paolo Ardoino) сообщил, что компания не планирует выход на фондовую биржу — несмотря на успешный листинг конкурента, компании Circle, на фондовой площадке NYSE.

US President Donald Trump has seen a massive boost to his fortune thanks to crypto. His net worth is now pegged at about $5.6 billion. In just nine months, he has pulled in roughly $1.2 billion from tokens and memecoins. Based on reports, that haul translates to about $935 million after taxes.

Crypto Gains In Nine Months

According to Forbes, Trump’s ventures kicked off right before the 2024 election and went full throttle through spring 2025. His crypto ventures added nearly $1 billion to his liquid assets, lifting that part of his wealth to about $900 million.

Those figures push his overall net worth to roughly $5.6 billion. The headline number—$1 billion in nine months—covers sales, memecoin launches, and token holdings.

Breakdown Of Token Sales

World Liberty Financial, a Trump-linked platform, sold native tokens that brought in about $390 million before taxes. That offer ran early last year and gave many investors a shot at those coins.

Donald Trump is cashing in on crypto. Over the last nine months, beginning slightly before the election, he has stirred up new ventures, new coins, new noise. All of it makes the president money, but how much? (Photo: Jamel Toppin for Forbes) https://t.co/eJWOWiwM8M pic.twitter.com/XsBFINCpa0

— Forbes (@Forbes) June 6, 2025

Then there’s the TRUMP memecoin, which yielded around $315 million in profit. Secondary trading of assorted memecoins added another $427 million. On top of that, Trump is sitting on as much as $60 million in the new USD1 stablecoin.

High Rollers Gather At Golf Club

Late in May 2025, Trump hosted 220 top holders of TRUMP at his golf club near Washington. Justin Sun, founder of Tron, was there too. His wallet once held $18 million of TRUMP, and Sun’s total investments in Trump-affiliated crypto hit about $75 million before climbing to $93 million.

Critics have waved red flags over possible foreign influence and questions about ethics when people pay big money to meet a sitting president.

Questions On Value And Oversight

Even with big numbers, experts warn that memecoins can swing wildly. A coin that’s worth $1 billion one day could drop by half the next. It’s also hard to sort out what part of the proceeds counts as Trump’s personal gain and what stays with his companies.

Tax rules for tokens can be tricky. Stablecoins carry their own risks around how they hold value. Lawmakers have started to eye these deals, probing whether they cross lines on emoluments or campaign rules.

Trump’s crypto story is still unfolding. His gains are clear on paper. How long they last and whether they draw deeper probes will shape how people view his crypto play. For now, he’s turned blockchain bets into a hefty windfall.

Featured image by Mario Tama / Getty, chart from TradingView

Индикатор Hash Ribbons, отражающий периоды стресса на рынке биткоин-майнинга, впервые после прошлогоднего халвинга указал на окончание так называемой «капитуляции майнеров», заявили эксперты платформы CryptoQuant.

Bitcoin is preparing for a decisive move as price action tightens near key resistance levels. After weeks of sideways movement and lower highs, bulls are now attempting to flip the script by reclaiming control and confirming the start of a new bullish phase. A successful breakout above short-term resistance could open the door for a rally back toward all-time highs, but the path forward remains uncertain.

The macroeconomic backdrop is still fragile. Rising interest rates, weakening consumer data, and global liquidity concerns continue to pressure risk assets. For Bitcoin, this means that even strong technical setups must be viewed with caution, as broader market instability could quickly derail bullish momentum.

Top analyst Rekt Capital recently pointed to a notable development on the Daily timeframe. According to his analysis, Bitcoin is showing early signs of breaking its two-week downtrend and has already retested that trendline as new support. This is often a key signal in trend reversals, but it still needs confirmation through a higher daily close and continued buying pressure.

Bitcoin Nears All-Time High As Macroeconomic Conditions Tighten

Bitcoin is now just 6% below its all-time high of $112,000, and all signs point to the next move being critical for the broader market trend. After surging over 50% from its April lows, BTC is showing clear strength, but the rally has paused just below a major resistance level. The $112K zone now acts as the final ceiling before price discovery resumes. If bulls manage to push through, it could trigger a wave of renewed momentum across the market.

However, the backdrop isn’t without risk. Bitcoin’s consolidation comes as global tensions escalate, particularly between the US and China. Trade conflicts, sanctions, and geopolitical uncertainty continue to feed systemic instability, and with US bond yields on the rise, investors are weighing the implications of a tighter financial environment. These macro pressures have historically impacted crypto liquidity and could still act as a headwind.

On the technical front, Rekt Capital notes a significant development: Bitcoin is breaking out of its two-week downtrend on the Daily timeframe — marked in light blue — and has already turned that level into support. This is a key signal of potential trend continuation.

Still, a daily close and successful retest around ~$106,600 (black horizontal level) would offer stronger confirmation for bulls. This level now represents an important pivot: reclaiming it could trigger a push toward ATH, while rejection might stall the rally or trigger another correction.

With momentum building and macro risks rising, Bitcoin stands at a pivotal crossroads. Whether it breaks out or pulls back, this next move could define the trend for weeks to come, not just for BTC, but for the entire crypto market.

BTC Weekly Chart Holds Firm, Approaching Key Resistance

Bitcoin continues to trade just below its all-time high, consolidating within a tight range between $103,600 and $109,300 as shown on the weekly chart. After a strong 50% rally from the April low, BTC is now pausing beneath the $112K record high, with bulls attempting to build momentum for a breakout. The price action remains constructive, with BTC holding well above key weekly moving averages — the 34-week EMA at $89,985 and the 50-week SMA at $82,452 — confirming strong underlying trend support.

The horizontal yellow zones at $103,600 and $109,300 now define the crucial breakout range. A clean weekly close above $109,300 could open the door for a push into price discovery. On the flip side, a break below $103,600 would weaken the bullish structure and signal that momentum is fading.

Volume remains consistent but hasn’t yet spiked, which suggests traders are waiting for confirmation before committing to the next directional move. Until then, Bitcoin remains in a holding pattern — but the proximity to ATH, the recent strength off support, and the clean technical structure all suggest that a breakout is more likely than a breakdown, especially if macro conditions don’t deteriorate further in the coming weeks.

Featured image from Dall-E, chart from TradingView

Dogecoin’s recent price movement has been characterized by a prolonged downtrend from $0.25 since late May. For most of the last seven days, Dogecoin hovered just above the $0.18 mark, unable to generate any meaningful upward movement. However, within the last 24 hours, the price dipped below this level, momentarily breaching support before rebounding off the $0.17 zone.

The $0.17 price point is significant for Dogecoin, as it serves as a daily support level within a descending channel that has been suppressing the meme coin’s price action since December 2024.

Channel Suppressing Dogecoin Price, But Not For Long

According to crypto analyst MMBTrader, Dogecoin’s price action has been confined to a descending channel that has consistently limited every upward attempt since the start of the year. The resistance along the upper boundary of this channel has repeatedly rejected Dogecoin’s rally attempts, forcing it back into a lower high each time. However, the analyst believes this pattern may be nearing its end. 

The chart shared by MMBTrader shows Dogecoin is now on the path to testing the upper resistance of the descending channel once again. If the memecoin succeeds in breaking this pattern this time, it could trigger a heavy pump toward higher price levels. However, the current price action indicates that Dogecoin must first hold above the support level around $0.17. 

Away from this support level, Dogecoin also needs to break above the immediate resistance at $0.205 with enough conviction. Beyond that, a push towards $0.23 will be enough to break above this descending channel.

Upside Targets Stretch Toward $0.3 And Beyond

The chart above shows a speculative trajectory outlined in green. This trajectory illustrates a breakout above $0.205 and $0.23, followed by a march toward the support-turned-resistance level of $0.3. However, the breakout scenario hinges on Dogecoin clearing both the channel resistance and holding above the significant support at $0.17. 

The current setup indicates that a successful breakout above the descending channel could signal the beginning of an intense momentum wave. If this breakout is successful, the analyst points toward bullish long-term targets of $0.75 and $1, should the price manage to close firmly above the $0.40 zone. 

In the meantime, Dogecoin’s journey to new all-time highs looks very weak. At the time of writing, Dogecoin is trading at $0.1852, up by 5.2% in the past 24 hours. Trading volume is approximately $1.01 billion, representing a 50% reduction within the same timeframe. This divergence between price recovery and volume contraction indicates that buying conviction is still weak.

Even so, Dogecoin’s support around $0.17 continues to hold firm. As long as Dogecoin is trading above this price level, a break above the descending channel is still in play.

Featured image from Unsplash, chart from TradingView

In a post shared on X by UniChartz, it was noted that Ethereum (ETH) has developed a well-defined bullish structure, characterized by a series of Higher Highs (HH) and Higher Lows (HL), a classic signal of upward momentum. However, after this upward move, ETH has now entered an accumulation phase just below a key resistance zone, suggesting that the market is consolidating before its next potential breakout.

EMA Confluence Zone Retest: Ethereum At Crucial Decision Point

According to UniChartz, Ethereum is currently navigating a crucial technical juncture as it retests the confluence zone of the 50 EMA and 100 EMA, a region that has historically served as a strong area of demand. This overlap of exponential moving averages often acts as dynamic support, and its relevance is further underscored by the Stochastic RSI rebounding from oversold territory, which may signal an incoming shift in momentum.

The analyst suggests that if ETH manages to hold this accumulation zone and support provided by the EMAs, it might open the door to another test of the overhead resistance zone, or potentially, a breakout beyond it. Traders will likely look for volume confirmation and continuation patterns to validate any such upside move.

On the other hand, a failure to sustain this zone may signal weakness and lead to a deeper pullback, possibly dragging Ethereum toward lower support levels that have previously acted as stabilization zones. This would mark a temporary shift in market structure and attract more selling pressure in the short term.

For now, UniChartz emphasizes that this area remains a critical decision point. The coming price action will be instrumental in shaping Ethereum’s next directional move, and traders should closely monitor whether bulls can defend the EMAs or bears regain control and force a breakdown.

Key Levels To Watch In Event Of An ETH Breakout

In the event of a confirmed breakout above the current accumulation zone and EMA confluence, Ethereum could be poised for a strong upward continuation. The first major level to monitor, which serves as the breakout trigger point, is the immediate $2,858 resistance zone that has capped recent advances.

Related Reading: Ethereum Flashes Bullish Morning Star Candlestick Pattern – Is ETH Rally Getting Started?

A clean move above this area, especially with rising volume, would signal strong bullish intent. Once that resistance is cleared, the next key price level to watch lies near the $3,360–$3,659 range, which previously acted as a short-term supply zone and could present minor friction.

 

Pushing beyond that could target the psychological zone around $4,100. If momentum accelerates, $4,863 may act as the next potential upside target.

Asset managers VanEck, 21Shares and Canary Capital have jointly approached the US Securities and Exchange Commission (SEC) seeking for a reinstatement of the first-to-file principle i.e. a regulatory approach that ensures exchange-traded products (ETP) applications are reviewed and approved in the order they are submitted. The trio of prominent investment firms claims that the Commission’s recent departure from this standard has stifled innovation and created an uneven playing field, among other negative consequences.

SEC’s Shift From ‘First-To-File’ Principle Signals Favoritism: ETF Issuers

In an email addressed to SEC Chairman Paul Atkins on June 5, CEOs of VanEck, 21Shares and Canary Capital in the persons of Jan van Eck, Duncan Moir, and Steven McClurg outlined a deep grievance with the Commission’s abandonment of its first-to-file principle and the adoption of simultaneous approval approach towards recent ETP applications. The letter explained that the “first-to-file” rule acted as a strong pillar of fairness which supported innovation, and a first-mover advantage. This approval model allegedly created a competitive market landscape as smaller asset managers were able to seize significant market shares of a particular product to increase their general standing. A statement from the letter explains:

…If multiple sponsors were working in parallel on similar ideas, those filing first were first in line to receive market approval. This has enabled the ETP industry to grow to $15.4 trillion in investor assets. Newer, innovative companies like Wisdomtree have been able to become industry leaders; it’s not necessarily established mutual fund companies that have gained high ETP market share.

However, the head executives at VanEck, 21Shares and Canary Capital explain that the SEC’s shift to a simultaneous approval method as seen with the Bitcoin spot ETFs and Ethereum spot ETFs in 2024 completely undermines the need for innovation in the ETP industry. They also strongly claim that this approach signals a favouritism towards bigger asset managers who are able to comfortably copy the products of other firms with an assurance of securing the same launch date from the Commission. While Van Eck, Moir and McClurg acknowledge the potential reasons for simultaneous approval such as reducing the work burden on the Commission’s staff, they maintain the  “first-to-file” is integral to upholding the regulatory integrity of the US ETP market. They urge a swift return to this governance standard which they claim will ensure financial innovation, creativity and competition.

Crypto Market Overview

At the time of writing, the total crypto market cap is valued at $3.22 trillion following a 2.41% gain in the past day. Meanwhile, total trading volume currently stands at $109.06 billion.

Solana (SOL) is showing signs of a potential breakout on the 15-minute chart, as price action contracts into a tighter range. This volatility squeeze precedes a significant move, with market participants awaiting confirmation of direction. The consolidation phase has formed a recognizable breakout structure, with highs and lows converging, suggesting that pressure is building beneath the surface.

Breakout Structure Taking Shape On Lower Timeframe

According to Andrew Davis’s post on X, Solana experienced a sharp sell-off that briefly pushed the price below $142. However, the cryptocurrency quickly bounced back, demonstrating strong buying interest and resilience. 

SOL has climbed back above the $150 mark, showing signs of building strength and momentum. This recovery suggests that the market is absorbing selling pressure. If this upward momentum continues, SOL could be poised for further gains. 

Crypto analyst Gemxbt noted that Solana exhibits a descending triangle pattern on the 1-hour chart, which is typically regarded as a bearish continuation signal. A descending triangle pattern has formed as the price creates lower highs while holding a relatively flat support zone at $145, a key level that has been defended multiple times.

Despite the generally bearish structure, the chart has shown a bounce off this support, suggesting a temporary reversal. On the upside, resistance near $155 remains a crucial hurdle. 

For SOL to confirm a sustained reversal, it would need a breakout above this level, potentially signaling a shift in market sentiment. Further supporting the idea of a potential reversal, technical indicators are reflecting oversold conditions, which hint that the selling pressure may be exhausted, increasing the likelihood of a short-term recovery.

Giottus Crypto Exchange also shared insights on Solana price structure, identifying a bullish Shark harmonic pattern emerging on the 4-hour chart. He analyzes that Point D of the Shark pattern has aligned with the 1.618 BC Fibonacci extension, landing at the $147 level. 

This area is considered a potential reversal zone. The presence of this harmonic pattern at a critical extension, combined with price action, indicates that a bullish reversal could be underway. If the pattern holds, upside targets are projected in the $180 to $190 range.

Solana Tests Wedge Resistance As Bulls Eye Breakout

SOL’s anticipated upward move seems highly likely. Whales_Crypto_Trading also outlines that Solana is showing signs of a breakout as it approaches the upper boundary of a broadening wedge formation on the 4-hour chart. A pattern characterized by diverging trendlines often indicates increasing volatility and uncertainty, but also tends to precede explosive price action once a breakout occurs.

SOL is consolidating beneath the wedge’s resistance, with price action tightening and volume beginning to show signs of building, which could trigger a wave of bullish momentum toward targets at $215, $228, $243, and $265.

Bitcoin has returned above $104,000 following a rather turbulent trading week. As a matter over a GOP tax bill morphed into a major fallout between US President Donald Trump and the world’s richest man Elon Musk, the crypto market experienced significant levels of outflows with Bitcoin prices dipping as low as $101,000 on Thursday. While there has been a modest price rebound in the last 24 hours, the maiden cryptocurrency remains in danger of a price deeper correction.

Bitcoin Bulls Eye Support Near $103,700 And $95,600

In an X post on Friday, analytics company Glassnode shared a potentially impactful on-chain data insight on the BTC market amidst a price correction that has lasted over the past two weeks. During this time, Bitcoin prices have dipped from its current all-time high of $111,970 to its recent low of $100,516. Presently, Glassnode explains that BTC long-term holders are slowly offloading their holdings with the absence of a clear positive market catalyst indicating that the present price correction might persist for the short-term. In such a scenario, the analytics firm has identified two potential support zones using the Work of Cost (WOC) price model.

For context, the WOC price model by measures Bitcoin value on cost basis by tracking the acquisition price for currently circulating coins. The WOC displays BTC supply in Spendable Supply Distribution (SSD) or Cost Basis Distribution (CBD) quantiles which reflects the distribution of coin acquisition prices. If Bitcoin’ price correction persists, Glassnode’s WOC indicates the next major support lies at the $103,700 which aligns with the 0.95 SSD quantile i.e. the price at which 95% of circulating (spendable) bitcoin have a lower acquisition price meaning only 5% of Bitcoin supply was bought higher than this price point. If selling pressure proves overwhelming at this first support level, Bitcoin is expected to hit its next price floor at the 0.85 SSD quantile around the $96,500 indicating a potential price decline of 7.2% from current market prices and 13.8% from BTC’s market high. Interestingly, this projected price drawdown still falls within a healthy correction range within a broader bull rally. Nevertheless, the bull rally must soon discover a positive market rally rather in the form of marco quantitative easing, increased institutional investments or ETF inflows among others.

BTC Market Overview

At the time of writing, Bitcoin is trading at $104,418 reflecting a 2.98% price gain in the last 24 hours. Meanwhile, the asset’s daily trading volume has dipped by 20.02% and is valued at $51.67 billion.

The XRP price is currently dipping into a crucial $2 liquidation zone amid rising short pressure. As long positions get liquidated and shorts pile in, a subsequent surge in open interest hints at a looming short squeeze. A clean sweep of $2 has analysts believing that it may be the trigger XRP needs to ignite a fresh price rally. 

XRP Price Eyes $2 Sweep To Fuel Next Rally

A new technical analysis by Cryptoinsightuk on X (former Twitter) reveals that XRP has recently retraced into a key liquidity zone near the $2 mark. This move has raised speculation about a possible bullish reversal that could set the stage for a major price rally. 

According to the analyst’s 1-hour XRP chart, the altcoin’s drop into this liquidity zone was not random—it aligned perfectly with a dense liquidity cluster near the $2 level, as shown on the heatmap data. This zone acted as a magnet for price action, where a significant number of buy and sell orders were concentrated, suggesting that market participants have been targeting this area for some time.

As XRP entered this key liquidity zone, Cryptoinsightuk revealed that a large number of long positions were liquidated. This spike, displayed primarily on the liquidation indicator at the bottom of the chart, confirms that many traders were caught in overly aggressive long positions and forced out of the market as prices dropped. This led to severe sell pressure, allowing XRP to reach the targeted liquidity range more swiftly.

Simultaneously, XRP’s Open Interest (OI) metric began to rise. Rather than showing a decline, which would indicate traders exiting the market, Open Interest moved upward, suggesting that new positions were being opened despite the downturn. 

Typically, an increase in OI during a dip into a high-liquidity zone is seen as a warning sign for short sellers. If the price reverses from here, those short positions could be forced to close rapidly, triggering a short squeeze. Such a move could lead to a fast and aggressive price rally as shorts are liquidated and buy pressure intensifies. 

Overall, the $2 price point has become more than just a psychological barrier but a convergence of liquidation events, rising open interest, and concentrated liquidity. A clean sweep below this level could complete the liquidity hunt, shake out remaining weak hands, and potentially set the stage for a bullish reversal in the XRP price. 

Next Stop For XRP: Explosive Rise To $46?

While some analysts take a conservative stance on XRP’s near-term price, market experts like Egrag Crypto stand out with a bold forecast of a $46 all-time high by 29 September 2025. The analyst predicts that XRP’s bullish run could begin in July, projecting three ambitious short-term price targets before the end of the year. 

Once it breaks bearish barriers, XRP is expected to rally to an initial target of $12, marking a 500% increase from its price of $2.18 at the time of the analysis. Following this, Egrag Crypto predicts an average target of $24 for XRP before a potentially explosive rise to the $46 peak, which represents a whopping 2,500% surge from current levels. 

Featured image from Unsplash, chart from TradingView

The Dogecoin price has not quite been able to replicate its late-2024 form so far in 2025, trading below the $0.2 level for most parts of the year. After a somewhat rough start to the month of June, the meme coin appears to be recovering nicely, jumping above $0.18 on Friday, June 6.

Interestingly, the Dogecoin price seems to only be at the start of what is expected to be an extended upward rally. According to a blockchain firm CEO, the “king of meme coins” is about to witness a price explosion.

Four Reasons Why DOGE Price Is Ready To Take Off

In a June 6 post on the social media platform X, Alphractal CEO and founder Joao Wedson offered on-chain insights into why the Dogecoin price could be perfectly positioned to embark on a parabolic run. The crypto expert provided four reasons why investors should watch out for the DOGE token.

Firstly, the 500-day Aggregated Liquidation Level reveals that a large amount of liquidity ($350 million) was trapped around the $0.5 level the last time the DOGE price experienced a major correction. According to Wedson, the Dogecoin price tends to surge months after shorts pile up.

Wedson also highlighted that the price of Dogecoin against Bitcoin is closing in on a crucial technical level. As shown in the chart below, the DOGE/BTC is almost at a historical support — one which served as a bullish springboard to new highs in the 2021 cycle, with the meme token outperforming Bitcoin.

Furthermore, Wedson alluded to a broader catalyst for a potential performance of the Dogecoin price over the next few months. The crypto CEO mentioned that the Meme Index, containing 16 of the largest meme coins, is showing early recovery signs after a severe correction.

Finally, Wedson mentioned that the total meme coin market capitalization is far larger than in 2021, while the open interest is still at extremely low levels ($3.2 billion), and the daily volume is just around $12 billion. The low open interest suggests that the meme coin market condition is not overheated yet, with room for further upside growth.

Dogecoin Price At A Glance

As of this writing, the price of DOGE sits just beneath $0.18, reflecting a nearly 5% increase in the past 24 hours. This daily price action has done little to remedy the altcoin’s performance on the weekly timeframe. According to data from CoinGecko, the meme coin is down by more than 10% in the last seven days.

Market expert Joshua Dalton has given his opinion on what cryptocurrency the world’s richest man, Elon Musk, is likely to pick for his X payments. Dogecoin has, for a while now, been rumored to be the crypto that will get the nod, but Dalton has explained why Musk might choose XRP instead. 

Musk Could Choose XRP Over Dogecoin

In an X post, Dalton said he believes Elon Musk will do anything to make XRP a chosen one and use it, instead of Dogecoin, on X. The expert is confident that the world’s richest man will make this move, knowing that the Trump family will watch their crypto ventures and Bitcoin crash before their eyes. 

Dalton was alluding to the clash between Musk and Trump, in which the world’s richest man has openly criticized the US president over the ‘Big Beautiful Bill.’ The expert believes that Musk is likely to take a step further in his feud with Trump by choosing XRP, probably given the discord between the XRP and Bitcoin communities.  

The Trump family has shown their affinity for Bitcoin, with Eric Trump the co-founder of America Bitcoin, a BTC mining firm. The president’s company, Trump Media, recently raised $2.5 billion, which it intends to use to create a Bitcoin Treasury Reserve. Truth Social has also filed for a Bitcoin ETF. As such, Dalton predicts that Musk will choose to join the other side of the divide by picking XRP for his X payments rather than Bitcoin or Dogecoin. 

Interestingly, amid the Trump-Musk clash, Bitcoin maximalist Samson Mow has urged the world’s richest man to go all in on BTC rather than picking XRP or any other crypto asset. He further encouraged Musk to allow Tesla to begin receiving payments in BTC while SpaceX can offer discounts on payments made with the leading crypto.

Musk chose not to speak about XRP when he was asked about it during a Town Hall meeting last year. On the other hand, Musk once jokingly described ‘Bitcoin’ as his safe word, while Tesla holds over 11,000 BTC. Dogecoin is also in the mix for the X payments, given the world’s richest fondness for the meme coin.  

X Looking To Adopt Stablecoins Instead

While the debate continues over whether Musk will choose XRP, Bitcoin, or Dogecoin for X payments, a Fortune report has revealed that the social media platform is exploring the use of stablecoins. The report stated that the firm is already holding early talks with crypto firms, including payment processor Stripe, about integrating stablecoins. 

Specifically, Musk and his platform are discussing how to integrate stablecoins into the payments app ‘X Money.’ The social media platform is said to view stablecoin adoption as a means to lower transaction costs and optimize cross-border payments. This raises questions about whether Musk will enable support for other cryptos, such as XRP or Dogecoin.

The meme coin space is officially unhinged – and we’re here for it.

In one corner, you’ve got Donald Trump throwing shade at Elon Musk, calling him ‘all talk’ while reminding everyone who approved those juicy Tesla subsidies.

In the other corner, the Department of Government Efficiency (DOGE), once led by Elon Musk, just secured full access to U.S. Social Security data, stirring controversy and privacy debates.

Meanwhile, $520M worth of Trump’s own meme coin is about to unlock next month, which could either launch it to the moon or… flatten it like a pancake on hot asphalt.

In short: meme coins are back, weird as ever, and louder than ever. But while the top dogs brawl, a new pig is snorting through the mud – and it might just run away with the whole show.

Trump and Musk Drama: When Billionaires Break Up, Markets Cry

If you missed it, here’s the recap: Trump and Musk have gone from allies to rivals.

After what looked like a tech-politics bromance, Trump blasted Musk for being disloyal and too dependent on government handouts.

Musk hit back, calling Trump’s policies a ‘disgusting abomination,’ pushing for impeachment, and even suggesting he’s named in the Epstein files.

The internet exploded with memes – and markets reacted. Meme coins dipped, Tesla shares slid, and Trump-aligned ETFs showed volatility.

During all this, the U.S. Supreme Court granted the Department of Government Efficiency (DOGE) access to Social Security data – a decision that triggered major privacy concerns, with critics warning of surveillance risks and future abuse.

To top it off, 50M $TRUMP tokens worth over $520M are set to unlock on July 18, adding 25% more to the current circulating supply.

With over 735M tokens still locked, traders worry this release could flood the market – and if demand doesn’t keep pace, it might trigger another meme coin meltdown.

Snorter Token – Where Meme Chaos Meets Real Trading Power

While Trump and Musk dominate the headlines, Snorter Token ($SNORT) is quietly reshaping the meme coin landscape – not just with snorts and squeals, but with real trading power under the hood.

At first glance, Snorter Token is the internet’s favorite new crypto project. But dig a little deeper and you’ll find a full-blown Telegram-native multi-chain trading bot built for degens on Solana and Ethereum. The Snorter Bot turns Telegram into a high-speed, low-fee trading cockpit.

You can snipe token launches, auto-swap at sub-second speeds, set stop-losses, copy-trade whales, and track your portfolio – all without leaving chat.

It also features advanced MEV protection, cross-chain bridging via Portal Bridge, and upcoming staking rewards for early supporters.

Powered by the $SNORT token, the bot is part of a booming trend: Telegram bots for crypto trading.

As automated trading tools and Telegram bots take off in crypto, Snorter is positioning itself at the center of the action – blending meme-driven hype with the real utility of an AI agent built for fast, smart trading.

And as the meme wars rage on, from Trump’s token drama to DOGE’s legal win and a looming $520M unlock, $SNORT is seizing the moment, giving retail traders a powerful new tool.

Why You Need to $SNORT Now

Right now, you can buy $SNORT for just $0.0945.

The crypto presale has already pulled in over $569K – including a massive buy from Slovenia on June 6, where one buyer scooped up 166,297 tokens for 15,681 $USDT. That’s real money chasing real potential.

This is still early – before TikTok floods the feed, before YouTube screams ‘next Pepe,’ and before bots and whales front-run the presale.

Snorter Token isn’t just another meme coin riding the trend. It’s got a working bot, live on Telegram, plugged into real-time trading on Solana and Ethereum.

The memes bring the crowd, but the bot is what keeps them trading. If you’re done with bark-only meme coins, $SNORT might be your move.

Get in before the rest of the internet wakes up. Early snorters always get the goods.

Final Word: Time to Pay Attention

Trump and Musk might be hogging the headlines, but the real momentum could be building behind Snorter Token.

With meme coins stealing the spotlight again, $SNORT isn’t playing it quiet – it’s gearing up to be the next viral hit in the space.

In a market driven by memes, hype, and fast moves, sometimes the smartest play is the boldest one – especially when there’s real tech behind it. And let’s be honest: crypto could use a fresh meme project that actually delivers.

Remember that this article is not financial advice. Always do your own research (DYOR) before investing in cryptocurrency.