Author: John Smith

Stocks rose on Friday as the U.S. economy added 139,000 jobs in May, despite uncertainty around tariffs. The Dow Jones Industrial Average gained more than 500 points higher at the open as investors also weighed the cooling of the public spat between President Donald Trump and Elon Musk. The benchmark S&P 500 rose 1.1% to touch 6,000, while the Nasdaq Composite edged 1.3% higher. Wall Street was in an upbeat mood following the U.S. Department of Labor’s Bureau of Labor Statistics report. According to details in the release, the U.S. economy showed resilience with an additional 139,000 nonfarm payrolls in…

Quant price is on the verge of a 47% surge to its December high as the supply on exchanges falls and those held by top addresses jump.  Quant (QNT) rose to a high of $116 on Wednesday, up by 95% from its lowest level in April this year. It is hovering near its highest point since January.  QNT has some solid fundamentals as the real-world asset tokenization industry grows. RWA data shows that over $23 billion of assets have been tokenized, while the number of asset holders has jumped by 13% in the last 30 days to 113,794.  Quant plays…

Are the Epstein files now a market variable, and if so, does that help answer why crypto is down when no macro trigger seems obvious? Elon Musk vs Trump saga turns ugly Tensions between tech entrepreneur Elon Musk and U.S. President Donald Trump has escalated into a public and increasingly personal dispute with clear political and financial dimensions. Musk, who briefly served in the Trump administration as head of the Department of Government Efficiency, has emerged as a vocal critic of the president’s signature tax and spending package, the “One Big Beautiful Bill.” Shortly after resigning from his role, Musk…

Circle stock price continued its uptrend in pre-market trading, cementing its position as one of the best-performing initial public offerings of the year. CRCL jumped 170% on its first trading day and climbed another 16% in the pre-market session. This surge pushed its market capitalization above $20 billion, roughly a third of USD Coin’s (USDC) market cap.  The rally was fueled by strong retail and institutional demand for shares in the second-largest stablecoin issuer. Notably, BlackRock acquired a 10% stake in the company, while Ark Invest invested $150 million. Investors and analysts believe stablecoins will be the next big thing…

Retail investors may soon be able to buy crypto ETNs, as the country’s top financial regulator weighs investor protections with innovation. UK regulators are taking steps to boost growth in the country’s crypto industry. On Friday, June 6, the UK’s Financial Conduct Authority proposed lifting a ban on crypto exchange-traded notes for retail customers. However, these notes will have to be issued by FCA-approved exchanges. David Geale, executive director of payments and digital finance at the FCA, explained that the agency wants to promote the UK crypto industry while also ensuring investor protections. “This consultation demonstrates our commitment to supporting…

Switzerland’s Federal Council recently green lit a bill that allows for the automatic exchange of crypto information with 74 other countries, excluding the U.S, Saudi Arabia and China. In a press release issued on June 6, Switzerland’s Federal Council has adopted a bill that would enable the automatic exchange of information related to crypto assets with dozens of countries around the world. The bill would come into effect starting from January 2026, with the first exchange of information scheduled to take place some time in 2027. This means that Switzerland will automatically share data related to its crypto assets with…

The latest portfolio activity of the Cathie Wood-led investment firm Ark Invest has revealed a major investment into the recently listed Circle shares. Following the debut of CRCL, the long-awaited initial public offering of stablecoin issuer Circle on the New York Stock Exchange, Wood’s Ark Invest poured an estimated $373 million into the stock, acquiring a total of 4.5 million. The purchases were spread across three of Ark funds actively managed ETFs, ARKK, ARKW, ARKF, into parts of 3,025,089 CRCL, 927,318 CRCL, and 524,153 CRCL, respectively. Circle’s stock opened trading on the NYSE on June 5, 2025, launched at $31…

Total crypto liquidations hit $972.22 million in 24 hours, with Ethereum, XRP, Dogecoin, and Solana among the most impacted Long traders were caught off guard in the largest liquidation event since February, following a public split between U.S. President Donald Trump and a former close ally and supporter Elon Musk. On June 6, a wave of liquidations totaling $972.22 million swept the market, according to data from CoinGlass. Over the last 48 hours, nearly $3 billion in long and short positions were liquidated. 24-hour liquidations heat map on June 6 | Source: CoinGlass Bitcoin and Ethereum led in total liquidation…

Bitcoin is facing a tough battle at a critical resistance zone following a sharp correction. With weakening volume and a bearish retest in play, lower prices could be on the horizon. In the past 24 hours, Bitcoin (BTC) has seen a notable correction that has shifted the local market structure. After breaking below key levels, BTC has bounced back into a strong resistance cluster, but is now struggling to reclaim it. The confluence of several technical factors at this zone suggests that this could be a bearish retest, signaling a potential continuation to the downside unless bulls step in with…

XRP price has been under pressure this year, dropping by over 37% from its highest point in November.  Ripple (XRP) was trading at $2.15 on Friday, a notable price as it matches the level seen on January 1. The coin has formed a distinct bearish pattern, signaling a potential 75% crash to $0.52. On-chain metrics suggest that the network is struggling. Active addresses have plunged from 612,000 in March to just 16,000 today. Similarly, there are signs of whale capitulation. Addresses holding between 10 million and 100 million coins now hold 7.53 billion XRP, down from 7.8 billion last week.…