Crypto exchange Gemini is planning to go public, the company revealed in a June 6 press release. Gemini Files to Go Public According to the new press release, the New York-based crypto company has confidentially submitted a draft registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC) . JUST IN: Crypto firm Gemini confidentially files for U.S. IPO. pic.twitter.com/wOW2bGAVTS — Whale Insider (@WhaleInsider) June 6, 2025 “The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined,” the statement reads. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.” The decision comes just one day after Circle began trading on the New York Stock Exchange after it filed to go public in April. “We are not just building financial products. We are building the money layer of the internet,” Circle said in a June 5 statement. “To everyone who has contributed to this moment, thank you.” Editor’s note: This is a developing story. More details will be added as they are made available to the public. The post Crypto Firm Gemini Files Confidentially for IPO in the US – Here’s What We Know appeared first on Cryptonews .
The recent decline in US recession odds to 26% has sparked renewed optimism in the Bitcoin market, signaling potential recovery ahead. Despite increased trading volumes, the crypto market remains volatile,
California has taken a pioneering step by passing AB 1052, a bill that integrates dormant cryptocurrency assets into the state’s unclaimed property laws, signaling a new era for digital asset
The Ethereum ecosystem is emerging as a potential safe haven for institutional investors amid Bitcoin’s recent volatility and ETF outflows. While Bitcoin ETFs have experienced significant outflows due to geopolitical
A solo miner just scooped up another huge Bitcoin reward by processing a block alone. According to data from Bitcoin explorer mempool, the miner bagged a big reward of 3.151 BTC after solving block 899,826 with a solo-mining setup from CKpool. At today’s Bitcoin price of $103,694 per coin, that’s a more than $326,739 payday. But just how realistic is such a feat? BTC Hash rate calculates the total computational power miners deploy on the Bitcoin network. The miner operated with a weekly hash rate of 6.11 PH/s, but boosted their compute power to as high as 261 PH/s to mine the BTC block. This, according to Con Kolivas, a software engineer and administrator of the Solo.ckpool, suggests that the solo miner likely rented additional hash rate — likely from a cloud or marketplace service — to better their odds of earning the block reward. “This hashrate was almost certainly a rental based on there being only one worker, though the account has been mining for a while with a much lower hashrate,” Kolivas posited . Bitcoin miners work to process blocks on the flagship crypto’s network. Blocks are full of transaction data and are part of the Bitcoin blockchain. Since last year’s halving event , miners now receive a 3.125 BTC fixed reward, along with the transaction fees paid by those using the payment system during that specific block window. As the network has evolved, mining operations have become harder and more energy-intensive, and therefore require more resources. Most blocks mined daily are done through massive industrial operations; warehouses full of machines operated by companies — the majority of which are publicly traded on U.S. stock exchanges. Individual Mining Wins On The Rise? Though this is the 300th block solved with CKpool and the standalone miner obviously rented extra hashpower, it’s no small accomplishment for a miner to solve a Bitcoin block alone. At Bitcoin’s total network hash rate of 796 EH/s as of June 5, the solo miner had a 0.03 % chance of success — or approximately 1 in 3,050. While rare, it’s also not the first time a similar case has occurred, although it’s rare. On March 22, a solo Bitcoin miner earned 3.157 BTC (worth $266,000 at the time) for solving block 888,737. Likewise, in February, a single miner successfully mined block 883,181 , earning a reward of 3.158 BTC (including fees), worth over $307,547 at the time. With Bitcoin mining difficulty recently hitting a new all-time high , such solo wins could become even rarer.
Is the Ethereum ecosystem becoming Wall Street's safe haven as Bitcoin tumbles?
Grayhoood, a crypto trader, said on X that Litecoin is currently experiencing a bearish trend, emphasizing the ongoing weakness in price action. Over the past 24 hours, LTC has decreased by 2.8%, and the candlestick charts reflect a noticeable downward movement. As shown in the chart he referenced, LTC started the day around $89.00 but faced a sharp decline, dropping to $87.00 before managing a brief recovery to $88.50. However, the price has since fallen again to $84, indicating sustained selling pressure in the short term. Momentum Fades: RSI Drifts Toward Oversold Territory According to Grayhoood, current technical indicators suggest that Litecoin may face further downside, with multiple metrics aligning to support a bearish short-term outlook. One of the primary indicators in focus is the Relative Strength Index (RSI), which appears to be drifting toward oversold territory. Related Reading: Indecisive Close For Litecoin, But The Real Story Lies In BTC.D’s Next Move While such a move could hint at a potential bounce, Grayhoood cautions that it also signals bearish sentiment in the market. Beyond the RSI, momentum oscillators such as the Stochastic indicator and the Commodity Channel Index (CCI) are also painting a gloomy picture. These tools are typically used to gauge market reversals and the strength of ongoing trends. In this case, both are tilting toward further downward momentum if no strong bullish catalyst appears, especially as prices struggle to hold above the $87 support level. Short-Term Declines Contrast with Yearly Gains in LTC’s Moving Averages The analyst further highlighted a mixed outlook from Litecoin’s moving averages, suggesting a market caught between short-term weakness and long-term potential. In the near term, shorter-duration averages are flashing strong sell signals. These are driven by LTC’s recent negative performance, with a -9.0% drop over the past week and a -12.5% decline over the last two weeks, painting a clear picture of growing bearish momentum and sustained selling pressure. Related Reading: Market Expert Projects ‘Undervalued’ Litecoin To Soar At Least 1,000% — Here’s How However, the longer-term moving averages tell a different story. Despite recent setbacks, Litecoin has posted a 2.3% gain over the past year, which keeps the long-term trend technically bullish. This divergence suggests that while short-term traders may be responding to immediate price volatility and weakness, long-term investors could still see value in the asset, especially if broader market conditions stabilize or improve. That said, the broader market sentiment currently leans bearish, weighed down by Litecoin’s inability to maintain key support levels amid recent price volatility. Even with long-term growth providing a degree of optimism, the prevailing trend is defined by downward pressure and uncertainty. Until short-term indicators begin to align with the long-term bullish structure, Litecoin may continue to face a challenging environment. Featured image from Adobe Stock, chart from Tradingview.com
Asset-backed digital currencies could pose risks to bedrock of global financial system
Key takeaways: Our Avalanche price prediction anticipates a high of $33.36 in 2025. In 2027, it will range between $59.93 and $71.39, with an average price of $61.59. In 2031, it will range between $267.69 and $326.17, with an average price of $277.23. AVAX exhibited wild price swings in 2024. This record came as the crypto market valuation peaked. It later reversed, shedding some of the profits in 2025. While the Avalanche ecosystem has been making strides, the AVAX price has left investors particularly questioning its trajectory. Will AVAX go up? Is AVAX a good investment? Let’s explore these and more in our Cryptopolitan price prediction from 2025 to 2031. Overview Cryptocurrency Avalanche Symbol AVAX Current price $19.63 Market cap $8.26B Trading volume $456.02M Circulating supply 421.74M All-time high $146.22 on Nov 21, 2021 All-time low $2.79 on Dec 31, 2020 24-hour high $19.93 24-hour low $18.49 Avalanche price prediction: Technical analysis Metric Value Volatility (30-day variation) 7.08% 50-day SMA $22.24 200-day SMA $24.92 Sentiment Bearish Green days 15/30 (50%) Avalanche price analysis: AVAX remains bearish As of June 6, AVAX’s price dropped by 1.48% in 24 hours and rose 2.64% in the last 30 days. Its trading volume rose by 29.53% in 24 hours. AVAX/USD 1-day chart analysis AVAX/USD 1-day chart AVAX was in an ascending channel in the last quarter of 2024. The trend reversed in December, after reaching a high of $55.41 on Christmas Eve. The drop continued into 2025 and is yet to reverse. Last month, the coin attempted a recovery which saw it rise from a low of $19.09 to as high as $26.84. The William Alligator trendlines now show that its volatility is rising. The relative strength index is at 45.43 in neutral territory, with the MACD histogram showing negative market momentum. It is considered oversold when the RSI value drops below 30. AVAX/USD 4-hour chart analysis AVAX/USD 4-hour chart The 4-hour chart highlights AVAX’s current run, which is recovering from the month’s low which it recorded earlier today at $18.43. Last month, it had risen to $26.84 before correcting. Like the daily chart, its RSI is in neutral territory at 36.38. The William Alligator trendlines show rising price volatility. Avalanche technical analysis: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 19.02 BUY SMA 5 20.43 SELL SMA 10 21.33 SELL SMA 21 22.28 SELL SMA 50 22.24 SELL SMA 100 21.15 SELL SMA 200 24.92 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 21.96 SELL EMA 5 21.57 SELL EMA 10 20.67 SELL EMA 21 20.11 SELL EMA 50 21.36 SELL EMA 100 24.72 SELL EMA 200 27.84 SELL What to expect from AVAX price analysis next? The combination of technical indicators and chart analysis suggests that Avalanche is bearish with rising volatility, particularly in the short term, as it attempts to correct from the month’s low. Recent news Filecoin Foundation and Avalanche have partnered to launch a new cross-chain data bridge. The bridge will allow developers to build on Avalanche’s C-Chain to store data on Filecoin’s decentralized network. Why is AVAX down? AVAX is correcting from its highest last year; the crypto market capitalization is also bearish. The drop in AVAX value could be attributed to the general market sentiment. Will AVAX reach $50? According to the Cryptopolitan price prediction, AVAX crossed the $50 mark in 2027. Will AVAX reach $100? According to the Cryptopolitan price prediction, AVAX will reach $100 in 2028, with a maximum price of $106.00 for the year. Can Avalanche reach $1,000? It remains highly unlikely that AVAX will cross the $1,000 mark before 2031. At that market capitalization, it could be more valuable than Ethereum. Can Avalanche reach $10,000? It remains highly unlikely that AVAX will cross the $10,000 mark before 2031. How much will Avalanche be worth in 2025? As the second half of 2025 unfolds, we anticipate it will trade between $19.06 and $33.36, with an average price of $29.46. Does Avalanche have a good long-term future? According to Cryptopolitan price predictions, AVAX will trade higher in the coming years. However, factors like market crashes or negative regulations could invalidate this bullish theory. Is Avalanche a good crypto to buy? Chart analysis suggests that Avalanche is recovering and currently gearing up for a closer move to $27 despite the overall bearish momentum. AVAX price prediction June 2025 For June, AVAX will trade between $14.56 and $21.05, with an average price of $18.83. Month Potential low ($) Potential average ($) Potential high ($) June 14.56 18.83 21.05 Avalanche price prediction 2025 As 2025 unfolds, its future price movements suggest it will trade between $14.56 and $33.36, with an average price of $23.46. Year Potential low ($) Potential average ($) Potential high ($) 2025 14.56 23.46 33.36 Avalanche price prediction 2026 – 2031 Year Potential low ($) Potential average ($) Potential high ($) 2026 40.10 41.57 48.79 2027 59.93 61.59 71.39 2028 84.70 87.78 106.00 2029 129.49 133.88 148.78 2030 185.44 190.79 222.81 2031 267.69 277.23 326.17 Avalanche price prediction 2026 The Avalanche price forecast shows it will range between $40.10 and $48.79, with an expected average trading price of $41.57. AVAX price prediction 2027 Avalanche price prediction climbs even higher into 2027. According to the predictions, it will range between $59.93 and $71.39, with an average trading price of $61.59. Avalanche crypto price prediction 2028 Our Avalanche price prediction indicates a further acceleration in the price. It will trade between $84.70 and $106.00 and have an average of $87.78. Avalanche price prediction 2029 According to the AVAX coin price prediction for 2029, the price of AVAX will range from a minimum price of $129.49 to a maximum price of $148.78. The average price will be $133.88. Avalanche prediction 2030 According to the Avalanche price prediction for 2030, we expect Avalanche to range from $185.44 to $222.81, with an average price of $190.79. Avalanche price prediction 2031 The Avalanche price forecast shows it will range between $267.69 and $326.17, with an average price of $277.23. Avalanche price prediction 2025 – 2031 Avalanche market price prediction: Analysts’ AVAX price forecast Platform 2025 2026 2027 Digitalcoinprice $39.99 $48.82 $66.86 Coincodex $22.62 $20.08 $14.63 Gate.io $19.80 $22.86 $27.21 Cryptopolitan Avalanche price prediction Our predictions show that Avalanche will achieve a high level of $33.36 in 2025. In 2027, it will range between $59.93 and $71.39, with an average price of $61.59. In 2031, it will range between $267.69 and $326.17, with an average of $277.23. Note that the predictions are not investment advice. Seek independent consultation or do your research. Avalanche historic price sentiment Avalanche price history. Image source: CoinStats In July 2020, Avalanche completed its public sale, raising $42 million in less than $4.5 hours. The tokens were distributed after the mainnet launch in September. On Dec 31, 2020, it fell to an all-time low of $2.788. In September 2021, the Ava Labs Foundation received a $230 million investment from Polychain and Three Arrows Capital Group by purchasing the AVAX cryptocurrency. In November 2021, following an agreement with Deloitte to improve US disaster relief funding, AVAX moved to the top 10 cryptocurrencies by market capitalization. At that time, AVAX moved to its all-time high at $146.22. In Aug 2022, a whistleblower, ‘crypto leaks’, published a report accusing Ava Labs of secret deals with a law firm to destabilize its competitors. Ava Labs CEO Emin Gün Sirer denied any dirty deal with Roche Freedmen law firm. In 2023, AVAX maintained a bullish trend between January and May, after which bears overwhelmed the market. It resumed the positive momentum in October, rising to $49.96 In 2024, it crossed the $60 mark in March. The rise coincided with a record high in AVAX inscriptions, with over 100 million ASC-20 minted since their introduction in June 2023. The uptrend reversed in April 2024; by July, it had fallen to $24.40. In August, it was at $21, and in September and October, it was at $27. It turned bullish in November 2024, rising from as low as $23 to as high as $55 in December. It later corrected and traded at $42 into 2025. The drop continued into January; by June, it had fallen below $20.
The cryptocurrency industry has long been searching for an intermediary that would bring blockchain technology into the financial mainstream. It looks like that middleman could be stablecoins. Digital assets pegged to fiat currencies like the dollar have become a new payment tool that banks and fintech companies are quickly embracing. Now tech giants like Apple, X (formerly Twitter), Airbnb and Google are getting ready to enter the space. The companies are holding early-stage meetings with crypto firms to discuss stablecoin integration, sources told Fortune, adding that the companies are considering adopting stablecoins specifically to reduce transaction costs and optimize cross-border payments. These aren’t the only big tech companies showing interest in stablecoins. Meta has refocused on payments projects that it previously shelved due to regulatory hurdles. Uber CEO Dara Khosrowshahi recently said at a Bloomberg conference that stablecoins are “in the research phase” for global money transfers. Related News: BREAKING: X Announces Partnership with a Major Player in the Cryptocurrency World The X platform has reached out to crypto companies to integrate stablecoins into its payments app X Money. Part of Elon Musk’s “app for everything” vision, the initiative could enable peer-to-peer payments systems similar to Venmo between users. In January, X announced a partnership with Visa to develop a digital wallet. X also recently partnered with cryptocurrency prediction platform Polymarket. Apple has also been in talks with crypto companies about stablecoins since January. According to information obtained by Fortune, Apple’s talks included Matt Cavin, a senior director at Circle. Apple already has a strong presence in the payment system with Apple Pay. Airbnb, on the other hand, believes that accepting stablecoins as a payment method could reduce fees paid to payment processors such as Visa and Mastercard. The company is reportedly in talks with its payment partner Worldpay to this end. Worldpay announced last week that it would implement stablecoin payments in partnership with BNVK. The statement from Airbnb included the following statements: “While integrating crypto payments into the platform is not our priority at the moment, we are closely monitoring digital assets and their use cases to improve the payment experience.” *This is not investment advice. Continue Reading: Anonymous Source Shares Surprising Cryptocurrency Claim About Apple, X, and Airbnb