Know Labs, a publicly traded healthtech company, is set to acquire 1,000 Bitcoin under the leadership of fintech investor Greg Kidd, signaling a strategic shift towards cryptocurrency investment. This move
A short-lived golden cross could invalidate a long-brewing bullish move, with a death cross during Thursday trading dampening the near-term Cardano price outlook . A 10% weekly drop has caused the mid-term trend to dip below the long-term average—a technical shift that challenges ADA’s standing as one of the best cryptos to buy in June . The altcoin market has broadly softened amid U.S. trade uncertainty, a cooling labor market, and Elon Musk’s warnings of a potential tariff-driven recession later this year. According to Santiment data , this may just be a shakeout of weak hands as the Mean Coin Age (MCA) continues to rise—long-term holders are holding their bags. Cardano Mean Coin Age (MCA). Source: Santiment. Cardano’s most committed holders continue to resist selling in the face of short-term volatility, strengthening support levels against the bearish trend. Cardano Price Analysis: Are Long-Term Holders Right to Hold? While the recent death cross between the 200EMA and 50EMA confirms that mid-term price action has weakened relative to the longer-term average, it may not be damning just yet. SOL / USDT 1-day chart, falling wedge breakout. Source: TradingView, Binance. A sharp green daily candle has preserved the broader falling wedge structure forming since late 2024, flipping its upper boundary from resistance to support despite the prevailing bearish trend. With it, momentum indicators now show signs of recovery. The RSI has sharply reversed from oversold territory at 30 to 40, suggesting recent selling pressure may be exhausted. More so, the MACD line has begun to flatten, leaving room for trend reversal into a bullish crossover above the signal line—a potential early bull signal. Immediate resistance at $0.68 will be critical. Surpassing it would continue the falling wedge and fuel a move toward its $1.40 technical target—an upside of 110% from current levels. Failure to break resistance would put pressure on a key support zone at $0.60. A drop below that level could force another wedge retest—losing it would invalidate the structure entirely. In this case, the next key support lies 22% below current prices at $0.50. The Solana Ecosystem Could Soon Take the Spotlight Those who jumped to Cardano over alternative Layer-1s may be forced to reconsider as the Solana ecosystem finally addresses its biggest limitation: scalability. The narrative has shifted with the arrival of Solaxy ($SOLX) , Solana’s first-ever Layer-2 scaling solution. Solana has long lacked this capability, limiting its DeFi and cross-chain use case—until now. By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains. With almost $45 million in its ongoing presale , investors are already rallying behind the project. When demand for altcoins returns, it could be the one to reap fresh Solana ecosystem liquidity. There are just under 10 days before this phase ends, unlocking the untapped demand of exchanges. You can keep up with Solaxy on X and Telegram , or join the presale on the Solaxy website . The post Cardano Price Prediction: Analysts Predict Big Crash as Golden Cross Starts to Close appeared first on Cryptonews .
U.S. May jobs growth aligned with expectations, signaling steady Federal Reserve policy and influencing crypto market sentiment. Despite a slight slowdown in hiring, private sector strength and stable unemployment rates
The UK’s Financial Conduct Authority (FCA) has proposed lifting its ban on crypto exchange-traded notes (ETNs) for retail investors, according to a press release on June 6 . We’re proposing to lift the ban on offering crypto exchange traded notes (cETNs), to retail investors. Consumers would be informed of risks in the same way as when buying cryptoassets directly. https://t.co/myKza5dp9a #cryptoassets #CryptoETNs #CryptoRegulation #FCAGrowth pic.twitter.com/UbOXbhW2oc — Financial Conduct Authority (@TheFCA) June 6, 2025 If the plan goes ahead, retail investors in the UK would once again be able to buy crypto ETNs—something they haven’t been allowed to do since the 2021 ban . The FCA has put the change out for comment as part of a broader look at how to encourage digital-finance innovation while still protecting consumers. ETNs tied to cryptocurrencies like Bitcoin and Ether could then list on FCA-approved markets such as the London Stock Exchange, giving everyday investors the same access professionals already enjoy. A Shift From Past Caution to Measured Access When the FCA originally introduced the ban on crypto derivatives and ETNs for retail investors in 2021, it did so on the grounds of consumer protection. At the time, the regulator warned that cryptoassets were “ill-suited for retail consumers,” citing concerns about high volatility, market manipulation, and a lack of reliable valuation. However, in its latest statement, the FCA acknowledges that the market has evolved. “This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto industry,” said David Geale, executive director of payments and digital finance at the FCA. “We want to rebalance our approach to risk, and lifting the ban would allow people to make the choice on whether such a high-risk investment is right for them, given they could lose all their money.” The proposed changes would apply only to crypto ETNs traded on FCA-approved investment exchanges. The broader ban on crypto derivatives, such as options and futures, for retail customers will remain in place. Safeguards and Rules for Retail Access Should the FCA lift the ban, the sale of crypto ETNs to retail investors would still be subject to strict conditions. Only products listed on a recognised investment exchange (RIE) would be permitted, and all firms offering them would need to comply with financial promotion rules. The rules seek to ensure investors grasp the risks. They call for plain-language disclosures and ban gimmicky incentives or misleading ads, much like the safeguards that already cover direct crypto purchases. Crypto ETNs function as bank-issued debt notes that track digital-asset prices, letting investors follow the market without holding the coins themselves. They’re already traded in the EU and the US, where demand for regulated crypto products keeps rising. Boosting the UK’s Crypto Ambitions The FCA’s proposal supports the UK government’s broader ambition to become a global hub for cryptoasset technology and innovation. Prime Minister Rishi Sunak has repeatedly stated his commitment to fostering a more competitive regulatory environment for digital finance in the UK. Industry leaders have welcomed the FCA’s willingness to revisit earlier restrictions. “This is a step in the right direction for UK crypto policy,” said one digital asset fund manager. “It gives investors more choice and shows the FCA is willing to adapt to a changing market.” The consultation period will remain open until later this year, with a final decision expected in early 2026. If approved, crypto ETNs could return to the UK retail market soon after, opening new regulated investment pathways for everyday investors seeking exposure to digital assets. The post UK FCA Eyes Retail Access to Crypto ETNs, Ending Four-Year UK Freeze appeared first on Cryptonews .
Shiba Inu (SHIB) has gone down by 7.4% in the past week and currently sits at $0.00001237 as rising tensions between the United States and China on the trader front have managed to spook investors. The latest decline has managed to push this meme coin’s year-to-date losses to 41.5% again. Trading volumes in the past 24 hours have surged by nearly 78% as the sell-off intensified yesterday afternoon. On-chain data indicates that a significant amount of tokens are held by investors are held by investors with a cost basis ranging from $0.000012 to $0.000013. Hence, this may be a heavily defended price zone where trading volumes may skyrocket. This favors a bullish Shiba Inu price forecast in the near term as bulls will do their best to keep their positions afloat and in green territory to avoid a long squeeze. Shiba Inu Price Prediction: Can the #ShibArmy Keep the Price Above $0.00001200? The #ShibArmy, the community that backs this meme coin, is one of the strongest in the crypto space. Its social media accounts are followed by millions and more than 1.5 million accounts hold $SHIB at press time. In addition, the project recently launched the ShibaDAO – a decentralized governance entity that has effectively surrendered the project’s reins to the community. If the army closes ranks at this point, they could manage to keep the price up through a concerted effort. The daily chart shows that SHIB broke its trend line support in the past few days and has also dropped below its short-term exponential moving averages (EMAs). The price has found support at $0.00001200 for now and rose strongly during the Asian session as bulls seem determined to hold their ground at this level. SHIB could be pushed to retest its former trend line support from below. If it rejects it, we could draft a Shiba Inu price prediction of $0.00001050 as this is the nearest area where the token has found support after a bearish breakout below $0.00001200. This meme coin’s upside potential seems capped at the moment. However, Bitcoin’s path to new all-time highs has been paved lately. One meme coin stands to gain if BTC rises to $125,000 in the next few weeks. BTC Bull Token (BTCBULL) is the name of one of the hottest crypto presales of the year . Its innovative rewards system tied to the performance of the top crypto has attracted nearly $7 million from investors already. BTC Bull Token (BTCBULL) Hands Out Rewards Every Time Bitcoin Hits a Price Milestone BTC Bull Token (BTCBULL) is a fun and innovative way to profit from Bitcoin’s rally to new heights. The reward mechanism is quite simple. Starting at a baseline price of $100,000, a new reward will be unlocked for every additional $25,000 that BTC adds to its price. The first milestone is set at $125,000, at which point a portion of BTCBULL’s circulating supply will be burned. Next up, once the price rises to $150,000, token holders will receive a direct Bitcoin airdrop. To buy this meme coin and start generating passive income once Bitcoin reaches new milestones, head to the BTC Bull Token website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH for this token or use a bank card to invest. The post Shiba Inu Price Prediction: 39 Trillion SHIB Held at Crucial Level – SHIB Holders Should Watch Out appeared first on Cryptonews .
Strategy's Saylor sees $13 million Bitcoin by 2045 in epic new price prediction
Bitcoin’s recent volatility highlights growing market concerns over leverage risks, custodian transparency, and delays in strategic reserve implementation. Traders remain cautious amid economic recession fears and speculation about custodial re-hypothecation
The XRP price has dipped to $2.14 as tensions between Donald Trump and Elon Musk spill into the public eye , sending a chill through crypto markets and sparking fresh uncertainty around investor sentiment. XRP is now down by 2% in a week and by 12% in a fortnight, although the altcoin does hold on to a 300% increase in the last 12 months. This is a very healthy gain, and things may soon get even better for XRP in the medium- and long-term, with Chinese firm Webus officially filing with the SEC yesterday to establish a digital asset reserve. Previous releases from the company have revealed that this reserve will accumulate $300 million in XRP, something which, in addition to Ripple’s increasingly strong fundamentals, provides for a very strong long-term XRP price prediction. XRP Price Prediction: Chinese Company Files to Buy $300M XRP – $100 XRP Incoming? Webus is an AI-focused transportation company, yet in the past few weeks it has pivoted towards crypto, announcing at the end of May that it would be exploring the use of XRP as a strategic reserve and as a means of facilitating cross-border payments. The $300M XRP Treasury Play: Why Webus International May Have Just Triggered a Corporate Liquidity Revolution A little-known Chinese AI mobility company just filed with the SEC to build a $300M XRP treasury. It’s not just bold — it could be the start of a global on-chain… pic.twitter.com/t9CYkwN75u — Pumpius (@pumpius) June 4, 2025 Some crypto traders are now suggesting that Webus could be the first of many international firms to turn to XRP as a reserve asset and a means of cross-border payment. If this prediction is in any way accurate, it could be massive for the XRP price going forward. But today, the market hasn’t really responded to such a possibility, instead reacted negatively to yesterday’s spat between Donald Trump and Elon Musk. As we can see from XRP’s chart, the altcoin remains very much on a downwards curve, with its indicators suggesting that we may feel more pain over the weekend. After being hugely elevated since November, it now looks as though the coin’s 30-day average (orange) will soon drop below the 200-day (green). Source: TradingView This would amount to a death cross, signalling further losses as XRP retreats from medium-term highs. However, as we’ve written before, XRP had struggled so much prior to November of last year that the 30-day – and the XRP price – may not fall that much. Indeed, the coin’s relative strength index (purple) tells a different story, in that it has been below 50 more or less continuously since February. As such, XRP may actually still be in an oversold position, implying that a rebound could come soon. It could reach $2.50 by the end of this month, before hitting $3 shortly after. Diversification with New High-Potential Altcoins Yet it’s possible that XRP will need the Ripple-SEC to arrive at a final settlement before it can really take off, in which case, many traders may prefer to invest in alternatives. For those looking for quicker, market-beating gains, one possible strategy is to invest in presales, since these can result in rallies once the corresponding tokens list for the first time. One of the newest and most interesting presale coins is Snorter (SNORT), a Solana- and Ethereum-based token that launched its ICO a couple of weeks ago. Went outside. Touched grass. Immediately hated it. Back to the chaos. pic.twitter.com/XgGz1f7cCE — Snorter (@SnorterToken) May 19, 2025 Despite being very new, it has now raised in excess of $400,000, while its official X account has already amassed over 10,000 followers. This is an encouraging sign for the future, with investors excited about Snorter because of its plans to launch an advanced trading bot. As a trading bot, Snorter will be able to make sniping trades, swooping in on coins just as they’re about to take off. It will also come with various other features, including limit orders, atomic swaps (with MEV protection), copy trading, and rugpull and honeypot warnings. And because traders will need SNORT to pay for Snorter’s features, the coin could attract some serious demand. Investors can join its sale at the Snorter website , where it currently costs $0.0943. This will rise again tomorrow, so anyone wanting to lock in the lowest possible price – and biggest possible gains – should act quickly. The post XRP Price Prediction: Chinese Company Files to Buy $300M XRP – $100 XRP Incoming? appeared first on Cryptonews .
Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the Apecoin Decentralized Autonomous Organization (DAO), calling it
Tim Draper, a Silicon Valley venture capitalist, has doubled down on his call for Bitcoin to hit $250,000 by the end of 2025. He shared this on X, renewing a prediction he first made in 2018 when he set his sights on reaching that mark by 2022. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Back then, the crypto market took a sharp downturn in 2022—thanks in part to FTX’s collapse—and the timeline slipped. Still, Draper believes today’s drivers are strong enough to push prices higher. He even suggested that the US dollar might vanish in a decade as Bitcoin takes its place. Tim Draper’s Bold Timeline According to Draper, the $250,000 target isn’t just wishful thinking. In 2018, he said Bitcoin would reach that level by 2022. It didn’t happen—2022 saw many digital assets tumble in value. This year, though, he repeated his forecast after seeing a “recent surge” in the crypto. Bitcoin might go infinite against the dollar. On the heels of the recent surge, I’m still expecting Bitcoin to reach $250,000 this year. Whether Bitcoin will keep gaining ground that fast, who knows. But the main factors pushing it forward right now are: → General optimism… pic.twitter.com/EiD36iYbRy — Tim Draper (@TimDraper) June 4, 2025 He also claimed Bitcoin could become “infinite against the dollar,” arguing that in 10 years the US dollar wouldn’t exist. His confident tone suggests he’s sticking with the same numbers—$250,000 by December 31, 2025. Political And Regulatory Drivers Based on reports, Draper points to politics as a big catalyst. He highlighted moves by US President Donald Trump, who is working on new trade deals. One sign of this push is the Media & Technology Group’s filing on June 5, 2025, for a Truth Social Bitcoin ETF. That application is headed to the NYSE Arca, with Crypto.com lined up as custodian, and it aims to bring more mainstream money into Bitcoin. On the regulatory front, the US Senate voted 66–32 on May 19 to advance the GENIUS Act, which would set rules for stablecoins. Plus, the Digital Asset Market Clarity Act of 2025 is under debate. It has bipartisan support and is meant to spell out clear rules for crypto. Financial Institutions And Adoption Draper also sees banks and big companies stepping in. He mentioned that JP Morgan plans to let its clients buy Bitcoin and use spot-BTC ETFs—like BlackRock’s IBIT—as collateral. That shift could open doors to a flood of institutional cash. Meanwhile, according to Bitcoin Treasuries data, Michael Saylor’s Strategy leads the pack, holding over 580,000 BTC. At current prices, that stash is worth about $61 billion. These moves, Draper argues, point to people treating Bitcoin more like gold than a risky token. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data Technological Advances On Bitcoin In his view, the tech upgrades on Bitcoin matter too. He talked about Web3 apps built on Bitcoin and said “Layer 2 solutions give Bitcoin the flexibility of Ethereum.” Right now, Lightning Network handles many Bitcoin transactions, making payments faster and cheaper. Featured image from Imagen, chart from TradingView