Author: John Smith
Bitcoin holds firm above $105,000 global markets brace for turbulence amid renewed cross-border tensions. Geopolitical trends often ripple strongly throughout the financial markets, not sparing assets from bloodbaths or rallies depending on the nature of the headlines. The renewed US-China tariff standoff is beginning to weigh on equity markets, with traders bracing for a potential spike in volatility as the stock markets slide. Despite the pressure, the crypto sector has held firm, led by Bitcoin (BTC) in a modest uptick in recent hours. BTC briefly climbed above $106,000 before settling to trade at its current $105,425 at the time of…
Zebec Network token has pulled back, erasing some of the gains made last week when it surged to a record high. Zebec Network (ZBCN) price dropped to a low of $0.0041 on Tuesday, down 42% from its highest point this month. It remains 640% above the lowest point this year. Data released by the company showed that its business is performing well in 2025. Wagelink, its payroll solution, is serving 11,000 employees across 227 companies, processing over $41 million monthly. The service simplifies how workers are paid by leveraging blockchain technology to reduce costs for companies. Zebec Cards are also…
After a strong debut rally to $0.11, SOPH price has retraced nearly 50%, with technicals signaling further downside. Launched on 28 May, Sophon (SOPH) price rallied hard on the launch day, surging from $0.030 to $0.1108. However, it has since retraced almost 50% from that peak, currently trading at $0.056, with 24-hour volume at $415 million, down 40% in the past 24 hours. On the 1-hour chart, SOPH price broke below the 20 EMA yesterday and has since lost the previous local support at $0.60, the same area where the token broke out yesterday following the Bithumb listing announcement. It…
The China-based Webus International company is advancing its XRP treasury strategy with its latest filing to the Securities and Exchange Commission. A June 3 document shared by XRP lawyer Bill Morgan has revealed a form 6-K filing by the Chinese AI-powered mobility company, Webus International, outlining its plans to launch a dedicated XRP treasury. The filing comes on the heels of the firm’s May 29 announcement of an initiative to raise $300 million through non-equity financing for a strategic XRP reserve, aimed at supporting its cross-border payments infrastructure. Webus has filed its form 6-K with the SEC after signing the previous…
The struggling coffee chain hopes to reinvigorate its stock price by pivoting to a Bitcoin-first strategy. Bitcoin (BTC) is becoming increasingly attractive to companies looking to revitalize their businesses. One such company is Spanish coffee chain Vanadi, which on Wednesday, announced plans to invest $1.1 billion in Bitcoin. Vanadi Coffee SA Board Chairman Salvador Martí stated that the publicly traded company would completely reorient its strategy from coffee to Bitcoin. Martí plans to seek board approval at the next meeting, scheduled for June 29. “I ask the board for authorization to implement the Bitcoin accumulation strategy with a maximum of…
Hedera Hashgraph token is at risk of a 27% crash as the supply of stablecoins in its ecosystem plummets. Hedera (HBAR) has already declined by more than 57% from its highest point this year, mirroring the broader weakness across the cryptocurrency market. Third-party data shows that the network’s stablecoin supply saw a sharp reversal this week, dropping to $50 million on Tuesday, down from a monthly high of $214 million. A falling stablecoin supply is often viewed as a red flag for a layer-1 or layer-2 network, as it signals waning user activity. It also implies lower transaction fee revenue.…
The new SEC Chairman Paul Atkins has outlined fresh goals for the crypto industry under his leadership. In his testimony before the United States Senate Appropriations Subcommittee on June 3, 2025, the newly appointed chairman of the Securities and Exchange Commission (SEC) laid out his intention to establish a clear and comprehensive regulatory framework for the crypto sector. Atkins noted that ambiguous and nonexistent rules have inhibited industry advancement, emphasizing that his tenure will address the gap to promote innovation while protecting investors. “A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset…
Swedish crypto asset manager Virtune becomes the first entity to launch an ETP on Xetra that tracks the Coinbase 50 Europe Index, providing exposure for up to 50 crypto assets. According to a press release sent to crypto.news, Virtune’s latest ETP is now trading on Deutsche Börse Xetra, one of the most prominent trading venues in the European market. Traders can access the product on Xetra marked under the ticker VRTC and VCOIN50 on Bloomberg. The exchange-traded product is 100% physically backed and offers traders exposure to 21 crypto assets upon launch, becoming the first ETP to track the Coinbase…
Binance has reprimanded on-chain traders who use bots to obtain Alpha Points illegally, warning that they would revoke Alpha Points of accounts caught violating the rule. In a recent notice, the crypto exchange has taken a firm stand against traders who deploy bots in order to gain points in its Alpha rewards program. After detecting a number of bot-related activities, the team has decided to ban the use of trading bots on its platform for the sake of fairness. “Any use of bots — including but not limited to scripts, automation tools, or other non-manual methods — will be treated…
Ethena’s native token has remained unfazed by its recent 40 million token unlock, with bullish technicals now pointing to a potential rally toward $1 in the coming months. According to data from crypto.news, Ethena (ENA) was trading at $0.34 on Wednesday, June 4, afternoon Asian time, holding on to gains of over 36% from its year-to-date low. Its market cap was seated at nearly $2 billion with a daily trading volume of $273 million as of press time. While the token still trades about 77% below its all-time high, several upcoming developments suggest Ethena could be poised for a strong…