Ripple’s stablecoin RLUSD has experienced a significant volume decline, dropping over 57% amid waning user demand and halted minting activities. This downturn raises questions about the broader impact on XRP,
Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment. According to Friday’s report, U.S. employers added 139,000 new jobs , lower than the revised April figure of 147,000 but still ahead of expectations. Meanwhile, the unemployment rate held steady at a relatively low 4.2%. Overall, the report signaled that the U.S. job market remains resilient despite ongoing concerns over the trade war. Nonfarm payrolls data is a key metric for the Federal Reserve, which maintains a dual mandate of supporting employment and keeping inflation low. The stronger-than-expected figures are likely to keep the Fed cautious about cutting interest rates, as inflation remains a concern. Following the positive news on the job market, U.S. President Donald Trump once again launched an attack on the Fed. Trump urged Fed Chairman Jerome Powell to lower interest rates to stimulate the economy. “Go for a full point, Rocket Fuel!” Trump stated on social media. You might also like: U.S. jobs report sends mixed signals, Bitcoin traders eye Fed’s next move Tesla somewhat recovers from the Musk-Trump feud Tesla shares recovered around 5% as traders viewed the sharp sell-off as a buying opportunity, following steep losses tied to the public feud between Elon Musk and Donald Trump. The tech CEO and former Trump ally had called for the president’s impeachment and claimed Trump was named in the Jeffrey Epstein files. This public feud resulted in Tesla shares losing 14% on Thursday, and Musk’s personal wealth dropping by $34 billion. Later, Elon Musk signalled he would cool tensions with President Donald Trump, which Trump rejected , claiming Musk has “lost his mind.” Read more: Musk dragging Trump into the Epstein files has nothing to do with the crypto market — and everything to do with it
Latin America’s crypto boom is the real deal, and in Brazil, it’s especially strong, but according to a new Q1 2025 report from Outset PR, the region’s crypto media landscape is collapsing just as adoption surges. From mid-2023 through mid-2024 this crypto-forward zone saw nearly $415 billion in crypto inflows, representing a 42.5% year-over-year increase . At this rate, LATAM ranks as the world’s second-fastest-growing market. Within Latin America, four countries rank among the world’s top 20 for crypto adoption, Brazil notably placing ninth. The country pairs strong user engagement with a regulatory environment that remains broadly constructive. While it’s often overshadowed by El Salvador – the world’s first nation to adopt Bitcoin as legal tender – Brazil distinguishes itself through a more measured, infrastructure-driven approach. Its focus on fintech collaboration, institutional readiness, and regulatory progress positions it as a long-term leader in crypto integration. Lawmakers recently introduced a bill ( PL 957/2025 ) to allow up to 50% of wages to be paid in Bitcoin with the rest in the country’s native reais. This would make Brazil one of the first countries to officially accommodate crypto payrolls. The central bank has signaled a more open stance toward stablecoin usage by reconsidering a prior ban that limits transfers of stablecoins to self-custody wallets. Mercado Bitcoin, Brazil’s largest crypto exchange, has inked major partnerships: it is Ripple’s first Brazilian client for a blockchain-based payment solution, and it just announced a deal to tokenize $40 million of Brazilian assets on the Plume Network. Even traditional banks are catching up. Brazil’s BTG Pactual has launched blockchain investing tools, and a pilot digital-real/CBDC program has pushed banks like Itaú into crypto services. But with all this momentum, why is Brazil, along with much of Latin America, still lacking consistent, in-depth media coverage of these shifts? As recently highlighted by Outset PR , the region’s crypto media landscape is thinning at the very moment it’s needed most. Outset PR report: Media isn’t keeping pace The media ecosystem communicating these developments is shrinking, despite a thriving crypto economy. Outset PR’s Q1 2025 media-audit report reveals a sharp disconnect: despite clear signs of strong user interest, Latin America’s crypto news outlets aren't performing well. In the first quarter, only a handful of crypto sites managed growth while 73% of active crypto media lost traffic. January’s Bitcoin rally brought a short-term boost in crypto coverage on mainstream finance outlets, but niche crypto news sites and blogs suffered as market momentum shifted. By February, only 12 crypto outlets saw traffic growth, while the majority lost visibility due to market downturns and early algorithmic shifts. Google’s March core update then shuffled rankings further. Only about half of the 55 monitored outlets recaptured traffic by March. Outset PR tracked a steep and uneven recovery, with many outlets failing to regain January traffic levels. Six sites dominate a shrinking ecosystem In practical terms, Outset PR highlights that Latin American crypto media are highly concentrated and exclusive. There are just six top publishers that accounted for around 69% of all visits to crypto-focused outlets in Q1. Despite such a large market share concentrated across a small handful of players, none of these niche sites averaged more than 1 million monthly visits. The rest of the field is fragmented: many crypto outlets in the region struggle to reach even 10,000 visits per month, with the lowest tier capturing just 8% of total traffic. Several previously recognized sites, such as bitcoinmexico.net and latamblockchain.com, are now defunct, dormant, or largely irrelevant, according to the report. Mainstream media overshadows crypto-native press Adoption is surging, but discoverability isn’t. In Brazil, most web users learn about crypto from large general-media brands (Ámbito Financiero, InfoMoney, iProfesional, El Diario, Valor Econômico, etc.) rather than pure-crypto outlets. These legacy outlets cover crypto on occasion and often gear content to market hype. Their editorial focus can spike PR impressions during bull runs, but they offer no guarantee of engaged crypto readers or evergreen visibility. Outset PR’s data suggest that relying on broad “LATAM” press packages without context can backfire. Budgets get spent on clicks that vanish once Google’s algorithm changes or interest drops. Strategy must evolve with the market For crypto brands in Brazil and Latin America, the takeaway is clear: do not equate adoption with media reach. Campaigns must target the right mix of outlets – the few niche sites that actually have crypto-savvy audiences, plus mainstream portals at critical moments, such as around big regulatory or price news. And they must continuously update their playbook: Outset PR stresses using real traffic and search analytics—not just clippings or old rankings. In short, while Brazil’s crypto narrative is vibrant on the ground, PR teams need data-driven media strategies to ensure the message doesn’t get lost in a crowded and volatile landscape. The region’s next challenge for the industry isn’t building a viable crypto ecosystem, it’s being seen.
Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales. Immutable ( IMX ) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million. The decline came even after developers announced that Legends of Elumia had migrated to the Immutable network from Ronin. This is notable, as Legends is a fast-growing title acquired by Triumph Games in April and boasts thousands of monthly active players. Legends of Elumia is now available on PC and Mobile. A fantasy MMORPG with hand-crafted Hero NFTs, an onchain economy, and more. @PlayElumia is powered by Immutable. pic.twitter.com/u9al46uC78 — Immutable (@Immutable) June 4, 2025 Meanwhile, Immutable’s NFT activity showed notable strength this week. Data indicates that Guild of Guardians Heroes generated $8.89 million in sales, a 61% increase from the same period last week. Guild of Guardians Avatars sales rose by 64% to $4.2 million. In total, Immutable processed $13.7 million in NFT sales this week, up 69% from the previous period. You might also like: U.S. jobs report sends mixed signals, Bitcoin traders eye Fed’s next move The next key catalyst for the IMX token is a major unlock scheduled for June 13. It will release 24.52 million tokens, valued at over $12.7 million. Fortunately for investors, IMX unlocks will conclude in October, transitioning the token into a deflationary asset. Immutable price technical analysis IMX price chart | Source: crypto.news The daily chart shows that the IMX price peaked at $0.8100 in May as most cryptocurrencies rallied. It then pulled back to $0.50, its lowest point since May 8. IMX has since dropped below its 50-day Exponential Moving Average, while both lines of the MACD have crossed below the zero line. The Relative Strength Index has also tilted downward and is approaching oversold territory. Given these signals, the token will likely continue falling as sellers target key support at $0.3458, its year-to-date low. A drop to this level would complete a double-bottom pattern, which could signal a rebound back to the neckline at $0.8100. However, a decisive move below that support would invalidate the bullish setup. You might also like: Top 3 reasons why the crypto market is down today
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
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
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.
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.
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
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