Cookie crypto price crumbling? Support holding firm at key level

Cookie is currently retesting a pivotal support level with strong technical confluence. Despite declining volume, the bullish structure remains intact—raising the odds of a potential rally toward $0.30. Cookie ( COOKIE ) is trading at a decisive technical level that could determine its next major move. What was once firm resistance has now flipped into support, providing a potential foundation for bullish continuation. This zone aligns with both the 200 moving average and the 0.618 Fibonacci retracement, making it a critical test of market strength. Key technical points: Support Flip: Previous resistance has now flipped to support, showing early signs of validation. Technical Confluence: The 200 moving average and the 0.618 Fibonacci level align with this support zone. Bullish Market Structure: Cookie maintains a series of higher highs and higher lows. Volume Decline: The recent pullback came on decreasing volume, indicating a potential correction rather than trend reversal. Upside Target: A successful reversal could see price reach high time frame resistance at $0.30. CookieUSDT (4H) Chart, Source: TradingView Price action on Cookie is now testing a former resistance zone that had repeatedly capped upward moves. Following the latest pullback, this area has turned into support, creating a compelling case for a bullish retest. The fact that it coincides with both the 200 MA and the 0.618 Fibonacci level adds significant technical weight. You might also like: Top 3 reasons why the crypto market is down today Importantly, the overall trend remains bullish. Despite recent corrective movement, Cookie has maintained its pattern of higher highs and higher lows. The pullback itself occurred on declining volume, behavior that often characterizes healthy retracements within broader uptrends. This suggests the current move is more likely a pause than a breakdown. For the bullish scenario to unfold, a rise in volume will be crucial. Volume confirmation would indicate renewed demand and could serve as the catalyst for a breakout. The next major target sits at $0.30, a high time frame resistance level that may act as a magnet if momentum builds. What to expect in the coming price action If Cookie holds this key support and volume begins to rise, it sets the stage for a push toward $0.30. Traders should monitor volume closely, its behavior will likely determine the strength of any upside move. Read more: Ethereum forecast suggests rally to $10k, new DeFi coin poised to soar alongside Tron

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Gemini Exchange Files for IPO Following Circle’s NYSE Debut Amid Bitcoin Value Speculations

Gemini Exchange, founded by the Winklevoss twins, has confidentially filed for an IPO, marking a significant milestone in the crypto exchange landscape following Circle’s recent NYSE debut. The filing signals

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UK’s FCA Proposes Lifting Ban on Crypto ETNs for Retail Investors

The UK’s Financial Conduct Authority (FCA) has proposed unwinding its ban on cryptocurrency exchange-traded notes (ETNs) to retail investors, reflecting a more relaxed attitude towards digital assets. The FCA made it clear in a June 6 press release that retail investors would be able to access crypto ETNs if they are traded on an investment exchange that is approved by the FCA. This is a major policy shift since ETNs have not been accessible to retail consumers since 2021 due to risk perceptions. FCA’s payment and digital assets executive director David Geale said the move reflects a balanced approach: “Lifting the prohibition would allow people to make up their own minds whether such a high-risk investment is best for them, with a chance to lose all their possessions.” In Alignment with the UK’s Broader Crypto Goals Regulatory experts see the step as being in line with the UK’s strategic objectives in the crypto sector. Clifford Chance partner Diego Ballon Ossio called it a sign that the UK is set to “position itself as a sophisticated jurisdiction in the crypto space.” He pointed out that lifting the retail ban on ETNs could offer fresh avenues for investor access and indicate that the UK is becoming more crypto-friendly. Regulatory Momentum Dominates This comes following the FCA’s rapid acceleration of its crypto-regulatory push. In May, the regulator issued a call for public comments on fresh stablecoin and crypto custody service rules. UK Chancellor Rachel Reeves pledged further recently to offer a “comprehensive regulatory regime” to allow the country to be at the forefront of digital asset innovation. According to reports, the UK is witnessing a sharp growth in crypto holdings, even surpassing adoption rates in the US. Crypto Donations Galvanize Political Row There was another row on June 5, in which UK parliamentarians expressed dismay at the growing application of crypto to political donations. Cabinet Office Minister Pat McFadden stressed that fresh guidelines were required that offer transparency in election expenditure. MP Sarah Olney criticized parties accepting crypto, warning of potential loopholes in donation transparency. Her comments followed Nigel Farage’s June 4 announcement that Reform UK would accept Bitcoin and other cryptocurrencies from eligible donors. “We are the first political party in Britain to accept donations in Bitcoin,” said Farage. “We’re catching up with America.” Conclusion The FCA’s proposal to reintroduce crypto ETNs to retail investors can reshape the UK’s digital asset landscape, demonstrating enhanced interest and regulatory recognition of crypto’s mass appeal.

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Circle Stock Climbs: CRCL Quadruples IPO Price as Bitcoin Regains

USDC issuer Circle's share price is still climbing on its second trading day as it came within pennies of quadrupling its $31 IPO price.

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Circle’s 288% Spike Shocks Wall Street as CRCL Continues to Rally After IPO Debut

Since its debut on the New York Stock Exchange (NYSE), stablecoin issuer Circle Internet Financial’s stock, CRCL, has appreciated by more than 288%. CRCL Skyrockets on NYSE, Crypto Social Media Chimes In Circle Internet Financial (NYSE: CRCL) has drawn substantial investor interest, with its value climbing swiftly. Notably, Ark Invest acquired 4.48 million CRCL shares

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Is This Cheap Crypto the Next Ethereum (ETH)?

In the ever-changing market of digital assets, investors are constantly on the lookout for the best cheap crypto to buy now with the potential to deliver exponential gains. Mutuum Finance (MUTM) , a promising new crypto coin in presale, is quickly drawing comparisons to Ethereum (ETH), thanks to its innovative DeFi ecosystem and scalable solutions. The official presale of Mutuum Finance has priced the token at $0.03 in Phase 5, closer to a Phase 6 price of $0.035 per MUTM. Already having achieved a 200% growth from when it was first launched in presale, MUTM will officially go live at $0.06, giving current customers a minimum 100% return on investment (2x ROI). While ETH remains a cornerstone of the top cryptocurrencies by market cap and real-world adoption, MUTM aims to carve out its own niche as a more accessible, high-growth alternative for investors exploring what crypto to buy today. As the market looks for the next big cryptocurrency, MUTM’s blend of affordability and technological promise positions it as a must-watch contender in 2025. Presale Picks Up Speed: Mutuum Finance Takes the Lead Mutuum Finance continues to gather momentum as Phase 4 of its presale has sold out ahead of schedule. In Phase 5 currently, tokens are set at $0.03, giving investors a 16.67% return right off the bat once the price increases in the next round. The presale has already raised over $10 million and attracted more than 11,700 investors. With demand on the rise and sound fundamentals, most are hoping for even greater returns after launch, as MUTM makes a case for itself as among the top altcoins to invest in 2025. Innovative Buy-and-Distribute Model Drives Long-Term Growth Unlike traditional speculative token models, Mutuum Finance is different for relying on a Buy-and-Distribute mechanism. It regularly buys MUTM tokens on the open market and rewards stakers with them which keeps tokens out of circulation, encourages long-term investing and helps maintain a healthy growth of the token price. People are encouraged to participate and keep the demand high through the mechanism. Early Investors Reward With greater growth Mutuum Finance doesn’t forget its early supporters and continues rewarding them. From the investors 10 will be chosen to share $100,000 giveaway each getting $10,000 worth of MUTM tokens for cheering the project in the beginning. Stablecoin Launch & Certik Audit Build Investor Trust Mutuum Finance is releasing a dollar-pegged stablecoin on Ethereum. Compared to unbacked algorithmic stablecoins, Mutuum’s stablecoin is properly collateralized, so it maintains a constant price and user trust. The smart contracts of the platform have been extensively audited by Certik, a name as renowned in blockchain security as it gets. This finished audit further strengthens the platform’s preference for transparency, security, and long-term sustainability. The Buy-and-Distribute system, robust security of its coin and recognized audit credentials all make Mutuum Finance an interesting combination of progress, proven safety and active community involvement. For bold investors, it allows them to support a DeFi project as it is starting out in the field. As Ethereum (ETH) continues to lead in blockchain innovation, emerging projects like Mutuum Finance (MUTM) are capturing the spotlight with similar long-term potential—at a fraction of the cost. With over $10 million raised, 11,700+ investors, and a presale price of $0.03, MUTM is already up 200% since launch and set to deliver a 100% ROI when it lists at $0.06. Its audited smart contracts, stablecoin launch, and unique Buy-and-Distribute mechanism make it more than just hype—it’s a well-structured DeFi ecosystem. If you’re looking for the next high-upside altcoin, now’s the time to join the presale and be early to a project aiming to follow Ethereum’s success path. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

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Bitcoin, Ethereum going mainstream as JPMorgan, SEC open doors: Binance Research

Binance Research highlighted several major developments that suggest that crypto is breaking into mainstream finance. Crypto is no longer on the fringes of the financial world. On Friday, June 6, Binance Research released its weekly report , emphasizing that crypto is becoming increasingly integrated with traditional finance. Still, it noted that crypto was among the hardest-hit market segments last week, largely due to political turmoil. Both Bitcoin (BTC) and Ethereum (ETH) entered negative territory this week, weighed down by the public split between Donald Trump and Elon Musk. Their public arguments have significant implications for crypto, as Musk has been a major advocate for the industry. Weekly and YTD performance of major crypto and traditional assets | Source: Binance Research As a result, Bitcoin fell to a weekly low of $101,500, while Ethereum dropped to $2,388. Still, despite the temporary price shock, the long-term outlook for both assets remains positive. Notably, over the week ending June 2, there was a significant decrease in BTC and ETH held on exchanges. BTC and ETH balance on exchanges | Source: Binance Research Exchange outflows potentially indicate that traders are taking long-term positions and moving their assets into cold storage. You might also like: Binance celebrates SEC’s lawsuit dismissal as ‘big win for crypto’ Institutional adoption boosts BTC and ETH long-term Last week also saw several key developments in crypto’s integration with mainstream finance. JP Morgan announced that it would accept crypto ETF holdings as collateral for loans. The bank will also factor these funds into assessments of clients’ net worth. On the regulatory front, the Securities and Exchange Commission issued new guidance on proof-of-stake networks. According to the SEC under the Trump administration, staking is no longer considered a securities activity. This is significant for companies looking to launch Solana (SOL) and Ethereum staking ETFs. Finally, Circle went public on June 5 in a strong showing , with its stock gaining 120% on its first day of trading. The hot IPO signals continued strong interest in crypto firms within traditional markets. You might also like: Ethereum to hit $4,000 by Q3, Binance coin breakout, Unilabs see influx of investors

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Sacks says AI’s future is a ‘Rorschach test’ and people see what they want

Trump’s AI czar David Sacks said on June 4th that government UBI welfare was a post-economic order fantasy that was not happening. He pointed out that distributing free money to the public was ultimately unsustainable. Americans probably will not get a universal basic income as long as President Donald Trump’s AI czar has a say. However, UBI has edged its way into the national dialogue in recent months. Tech executives Elon Musk and Mark Zuckerberg voiced support for UBI in 2016 and 2017, respectively. Democratic candidate during the 2020 presidential campaign, Andrew Yang, a tech entrepreneur, proclaimed that his administration would provide a universal basic income of $1K a month for every adult if elected, a policy he called “The Freedom Dividend.” However, Joe Biden (then the vice president) said there was a better way forward than some guaranteed government check with no strings attached. Sacks says AI’s future is a ‘Rorschach test’ and people see what they want Very weird, and telling, tweet: Sacks says that the future of AI is a Rorschach test, and describes what he thinks the left sees, but then says nothing about what he, or other RWers, think an AI-dominated society should look like. pic.twitter.com/WsPbW0pqLD — James Surowiecki (@JamesSurowiecki) June 5, 2025 According to Sacks, the future of AI had become a Rorschach test where everyone saw what they wanted. He added that the Left envisioned a post-economic order in which people stopped working and instead received government benefits, putting millions of American citizens on welfare. Sacks previously said the political consensus in the U.S. was that able-bodied people who could find a job should work. He, however, added that moving off that consensus to indulge the elite ideology of UBI was not helpful in the long run. Yang emphasized that a government-backed UBI program was necessary to support American workers threatened by automation and inequality. However, many dismissed Yang’s predictions as a pipe dream at best and fear-mongering at worst, and his candidacy quickly faded. Republicans in Arizona also voted to ban basic income programs in the state last year, and similar opposition efforts have gained popularity in Iowa, Texas, and South Dakota. Lawmakers in several states argued that although AI could perform some roles, the checks increased reliance on the government and discouraged recipients from working. “AI should empower American workers to achieve more, not become an excuse for permanent handouts. The only “post-economic order” we need is one where Washington stops looting productivity through red tape and misguided priorities.” -DOGEai Klarna’s CEO, Sebastian Siemiatkowski, believes that although investing in the quality of human support was the way for his company’s future, he expected to reduce his workforce by at least 500 employees in the coming year when Klarna’s technology improved enough. He also predicted he could downsize even faster as AI tools improve, very likely within 12 months. Munyikwa confirms that companies are hiring fewer people for AI-doable tasks Revelio Labs economist Zanele Munyikwa observed that the share of AI-doable tasks in online job postings had declined by 19% in the past three years because companies were hiring fewer people in roles that AI could do. She also found that there had been a decline in job openings across the board, with the hiring downturn being steeper for high-exposure roles (31%) than for low-exposure roles (25%). A 2023 study also revealed that freelance writing jobs dropped by 2% on Upwork, and monthly earnings declined by 5.2% after the introduction of ChatGPT. The researchers also found that generative AI reduced the overall demand for knowledge workers in the short term. However, Google DeepMind CEO Demis Hassabis said AI will create very valuable jobs. He pointed out that today’s children will grow up “AI natives” in the way the previous generation did with the internet. Hassabis also acknowledged that he would experiment with new AI tools and systems to see the best way to utilize them. The fintech company Klarna boasted last year that its investment in AI had enabled it to freeze human hiring, adding that an AI assistant was doing the equivalent work of 700 full-time agents. However, it has changed its tune in recent months and has started hiring human agents again, acknowledging that its AI-driven cost-cutting push led to lower quality. KEY Difference Wire helps crypto brands break through and dominate headlines fast

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Crypto Exchange Gemini Files to Go Public Following Circle's Smash IPO

New York-based cryptocurrency exchange Gemini said Friday that it had filed the paperwork with the SEC to go public.

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Otonomi Funding Secures Bright Future for Blockchain Freight Insurance

BitcoinWorld Otonomi Funding Secures Bright Future for Blockchain Freight Insurance In the rapidly evolving world where traditional industries are increasingly intersecting with cutting-edge technology, news of significant investment always sparks interest. The recent announcement regarding Otonomi funding is no exception. Otonomi, a company at the forefront of applying blockchain technology to the often-complex world of freight insurance, has successfully closed a substantial funding round, signaling strong investor confidence in their innovative approach. What is Otonomi and Why is Blockchain Insurance Gaining Traction? Otonomi is building a blockchain-based platform designed to revolutionize freight insurance. Traditionally, freight insurance claims can be a lengthy and cumbersome process, often involving significant paperwork, manual verification, and potential disputes. This is where the need for a more efficient, transparent, and automated system becomes clear. The integration of blockchain technology offers a compelling solution. Blockchain insurance leverages the core principles of distributed ledgers: immutability, transparency, and automation through smart contracts. For freight insurance, this means: Increased Transparency: All parties involved (shipper, carrier, insurer, broker) can potentially view the same real-time data regarding cargo movement and status. Enhanced Trust: The tamper-proof nature of the blockchain ensures data integrity. Automation: Smart contracts can automatically trigger payouts based on predefined, verifiable events (like a delay beyond a certain threshold). This move towards blockchain in insurance, particularly in niche areas like freight, represents a significant step forward for the broader insurtech landscape. How Does Otonomi’s Parametric Insurance Work? A key component of Otonomi’s offering is Parametric insurance . Unlike traditional indemnity insurance, which pays out based on the actual loss incurred (requiring extensive claims adjustment), parametric insurance pays out a predetermined amount based on the occurrence of a specific, measurable event. In Otonomi’s case, their focus is on parametric cargo delay insurance. Here’s a simplified look at how it works: Define the Trigger: The policy is set up with a clear, objective trigger event. For cargo delay, this might be ‘arrival exceeding scheduled time by X hours’ or ‘deviation from planned route exceeding Y miles’. Use External Data: Otonomi’s platform likely integrates with external data sources (oracles) that provide real-time, verifiable information about the cargo’s location and timing (e.g., GPS data, port timestamps). Automated Payout: When the external data confirms that the predefined trigger event has occurred, a smart contract automatically initiates the payout to the policyholder. This process dramatically reduces the time and effort involved in filing and processing claims, moving from potentially weeks or months down to days, or even hours, once the trigger is met and verified on the blockchain. The Significance of the Otonomi Funding Round The news that Otonomi has secured $3.4 million in funding is a strong indicator of investor confidence in their technology and business model. This round was led by ATX Ventures, a firm known for investing in promising technology companies. The participation of other notable investors, including GSR Ventures and Greenlight Re Innovations, further validates Otonomi’s potential within both the tech and insurance sectors. ATX Ventures leading the round suggests they see significant scalability and market potential in Otonomi’s solution for the freight industry. The involvement of Greenlight Re Innovations, the venture arm of a reinsurance company, is particularly noteworthy, indicating that established players in the insurance world are actively exploring and investing in blockchain-based solutions like Otonomi’s. This level of investment provides Otonomi with the necessary capital to accelerate its development and market penetration efforts. Fueling Growth: How the Funding Will Be Used According to reports, the primary use of the newly acquired funds will be to expand Otonomi’s platform. This expansion could encompass several key areas vital for growth in the freight insurance market: Technology Development: Further enhancing the blockchain platform, improving smart contract capabilities, integrating with more data sources, and developing user interfaces. Product Expansion: Potentially adding more types of parametric triggers or expanding coverage beyond just delay to other verifiable events impacting freight. Market Reach: Investing in sales and marketing efforts to onboard more freight forwarders, shippers, and insurance partners onto the platform. Team Growth: Hiring talent across engineering, sales, operations, and support to manage the scaling business. Expanding the platform is crucial for Otonomi to handle increased volume, offer more sophisticated products, and integrate seamlessly with the complex logistics and insurance ecosystems. The Broader Impact: What This Means for Insurtech Funding and Adoption Otonomi’s successful funding round contributes to a growing trend of Insurtech funding , specifically within innovative areas like blockchain and parametric models. This investment landscape reflects a broader recognition that the insurance industry is ripe for technological disruption. Here’s why this is important: Validation for Blockchain: It demonstrates that investors see tangible, commercial applications for blockchain beyond cryptocurrencies, particularly in enterprise solutions that require trust and automation. Push for Efficiency: The demand for faster, more transparent, and less dispute-prone insurance processes is driving investment towards solutions like Otonomi’s. Industry Collaboration: The involvement of traditional insurance/reinsurance players in the funding round highlights a willingness within the established industry to collaborate with and invest in disruptive startups. This funding round is not just a win for Otonomi; it’s a positive signal for the entire insurtech sector, particularly those leveraging emerging technologies to solve real-world problems in traditional markets like freight logistics. Benefits of Otonomi’s Approach Otonomi’s blockchain-based parametric freight insurance offers compelling benefits for various stakeholders: For Shippers & Freight Forwarders: Faster claims payouts, greater certainty on policy terms and triggers, reduced administrative burden. For Insurers & Brokers: Reduced claims processing costs, minimized fraud risk due to verifiable data, ability to offer innovative products. For the Ecosystem: Increased transparency across the supply chain, fostering greater trust and efficiency. Potential Challenges Ahead Despite the promising funding and technology, Otonomi, like any innovator, will face challenges. These could include: Industry Adoption: Encouraging a traditionally conservative industry to fully embrace new technology and change established workflows. Regulatory Landscape: Navigating varying insurance regulations across different jurisdictions. Data Integration: Ensuring reliable and secure integration with diverse external data sources. Education: Helping potential clients and partners understand the nuances of blockchain and parametric insurance. Overcoming these hurdles will be key to Otonomi’s long-term success and widespread adoption. In Conclusion: A Bright Horizon for Blockchain in Freight Insurance The successful Otonomi funding round marks a significant milestone for the company and for the broader application of blockchain technology in the insurance sector. By focusing on parametric cargo delay insurance, Otonomi is addressing a specific pain point in the complex world of freight logistics with a solution that promises speed, transparency, and efficiency. Backed by notable investors, Otonomi is now well-positioned to expand its platform, enhance its technology, and increase its footprint in the market. This development is a positive indicator for the future of blockchain insurance and reinforces the potential of Insurtech funding to drive innovation in traditional industries. As Otonomi grows, it will be fascinating to watch how their success influences the adoption of similar technologies across the freight insurance landscape and beyond, potentially setting a new standard for claims processing in the digital age. To learn more about the latest Insurtech funding trends, explore our article on key developments shaping Blockchain insurance adoption. This post Otonomi Funding Secures Bright Future for Blockchain Freight Insurance first appeared on BitcoinWorld and is written by Editorial Team

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