Robert Kiyosaki hails bitcoin as the easiest way to get rich today, urging urgent action as hyperinflation looms and BTC’s explosive, scarce network gains unstoppable momentum. Robert Kiyosaki Reveals How Insanely Easy Bitcoin Has Made Getting Rich Today Robert Kiyosaki, author of the best-selling personal finance classic Rich Dad Poor Dad, has once again underscored
Despite the ongoing correction from its recent all-time high, Bitcoin’s dominance over the rest of the market has continued to hold steady in recent days. Notably, Bitcoin’s dominance in the crypto market has increased steadily in recent days, recently surpassing a significant threshold of 64% and exerting pressure on altcoins across the board. Although Bitcoin itself recently lost the $105,000 support level in the past 24 hours, the altcoin market witnessed dips throughout last week. However, this period of imbalance between Bitcoin and altcoins may not last much longer, especially as technical analysis suggests the dominance reaching 64% might be a turning point. Bitcoin Dominance Taps Resistance: Exhaustion Ahead? Crypto trader Astronomer shared an analysis on X, highlighting the 64% region as a crucial turning point for BTC.D. His chart, which outlines a possible path for Bitcoin dominance, shows that the metric has now entered a wide resistance block between 64.00% and 64.40%. This is important because this is a level that has rejected previous upside attempts throughout the past month. Even with Bitcoin being the only cryptocurrency to print a new all-time high in recent times, the Bitcoin dominance has found it hard to break above 64% in May, which shows that the trend might be becoming exhausted. Notably, after bouncing just above 63.5% on May 28, Bitcoin’s dominance printed a lower high. The current price behavior mirrors those earlier moves, lacking the bullish strength needed to break higher. If the projected path in the chart below plays out, the dominance could range slightly before beginning a rollover that takes it into the lower 63% zone and beyond. The trajectory on the chart suggests the decline could steepen in early June and finally open up the door for altcoins to thrive. Altcoin Momentum Soon With Fading Bitcoin Dominance? The chart outlook indicates that the Bitcoin dominance rally is nearing exhaustion. Despite recent losses across many altcoins, the projection structure suggests an imminent shift and a potential decline in Bitcoin dominance to 63.45%. From here, the next step will depend on how Bitcoin reacts at this level. As it begins to unwind, this decline in Bitcoin dominance will likely coincide with an increase in the price of major altcoins, particularly in large market-cap altcoins like Ethereum , Solana, and Dogecoin. As such, this moment of topping out could finally be the early stages of a broader altcoin season. At the time of writing, data from CoinMarketCap shows that Bitcoin’s dominance is currently at 63.5%, just above the crucial 63.45% point. A breakdown of Bitcoin’s dominance at this point could cascade into an altcoin season. Ethereum, on the other hand, has seen its dominance increase by 2.01% in the past 24 hours to 9.4% at the time of writing. However, the notion of a close altcoin season could crumble if Bitcoin dominance manages to make a monthly close above 64%.
China’s Ministry of Industry and Information Technology (MIIT) has issued a warning to automakers involved in aggressive price wars. The ministry vowed to crack down on what it describes as “involution-style” competition threatening the country’s fast-growing electric vehicle (EV) and auto sectors. The statement, issued on Saturday, comes shortly after the China Association of Automobile Manufacturers (CAAM) launched an industry-wide initiative urging auto companies to preserve fair competition and avoid practices that could destabilize the market. The MIIT said it will step up regulatory oversight and intervene where necessary to restore order to the market. Escalating concerns over China’s EV price wars At the core of MIIT’s warning is the escalating discount frenzy that has swept across China’s EV landscape . Over the past year, automakers, from EV leader BYD, to traditional players like Geely and Chery have slashed prices on dozens of models to hold or grow market share. BYD , for instance, cut prices across more than 20 models in late May, setting off a new wave of markdowns throughout the industry. The MIIT’s intervention is a deviation from the norm for how China manages its production sector. The regulatory approach for the auto market appears to have gone from fostering growth at any cost to ensuring long-term sustainability and quality across its strategic industries, including new energy vehicles (NEVs), which now account for over 40% of new car sales in the country. The CAAM echoed the ministry’s concerns in a statement last week. While it acknowledged the impressive growth of the NEV sector, the association said profitability is declining due to the rise of destructive pricing tactics. While competitive pricing is legal and expected, the group cautioned that it should not come at the expense of industry fundamentals. Tu Le, managing director of Sino Auto Insights, provided insights into the ongoing price wars, stating that the current pricing strategies could lead to a “bloodbath” later this year, particularly affecting weaker players like Neta and Polestar. Industry analysts say the MIIT’s intervention is timely, though the effectiveness of its new regulatory push remains to be seen. Some fear that without enforceable penalties or an overhaul of pricing policies, companies may continue prioritizing volume over value. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The South African government has drawn heavy criticism for its proposal to loosen its Black Economic Empowerment (BEE) laws to accommodate Elon Musk’s Starlink. Elon Musk exited the White House and immediately got himself caught up in more political drama, this time in his home country of South Africa. The South African government is reportedly in the process of loosening its empowerment laws to accommodate Starlink , a feat that the South African telecom company, Vodacom failed to achieve. Backlash over Starlink deal The South African government has proposed to loosen its Black Economic Empowerment (BEE) laws to accommodate Elon Musk’s Starlink. This proposal has sparked public outrage and caused opposition parties to accuse the acting government of striking a “backdoor deal” to give the US tech giant preferential treatment. Under existing regulations, telecom companies are required to sell at least 30% of their local equity to historically disadvantaged South Africans to operate in the country. The government intends to loosen the laws just enough to allow telecom companies to bypass that strict 30% Black ownership requirement by investing in alternative empowerment initiatives. The government has been under pressure to improve internet access and modernize telecommunications, and argues that the law change is part of its economic reform strategy. Critics have warned that the government’s decision sets a dangerous precedent by prioritizing foreign capital over domestic equity. Opposition parties like Build One South Africa (BOSA) and the Economic Freedom Fighters (EFF) are leading the growing backlash against the government’s proposal. The BOSA deputy leader, Nobuntu Hlazo-Webster, said that the party has formally requested a public record of the decision from parliament to ensure transparency. “The message being sent is that if you are a powerful foreign billionaire, you can sidestep South Africa’s laws, while our local businesses are forced to jump through hoops,” she said. “We cannot build an economy based on exceptions. Our laws must apply equally to all—foreign or domestic, rich or poor.” Roger Solomons, a BOSA spokesperson, described the move as “impulsive” and accused the government of rewriting long-standing transformation rules to make Starlink’s market entry “favorable to them, and not the country.” The EFF’s Julius Malema warned that he would oppose the decision in parliament. “We cannot be dictated to by business,” he said. South Africa’s BEE laws The loosening of rules in the telecom sector has inspired other industries to seek similar treatment. In the mining sector, the Minerals Council South Africa has urged the government to exclude exploration companies from proposed Black ownership requirements. A new mining bill seeks to enshrine into law a 30% Black ownership target for mining companies. Allan Seccombe, the communications director at the Minerals Council, said: “Prospecting is extremely high risk. There’s no guarantee they’re going to find something that’s economically viable. Every cent they raise should ideally go towards drilling out or finding a resource.” The Democratic Alliance (DA), the second-largest party in the ANC-led coalition government, is currently challenging the BEE laws in court. James Lorimer, a DA Member of Parliament, said that the proposed mining legislation will “effectively end the already tottering case for foreign investment in South African mining.” He added that the bill “seeks to double down on racial transformation and brings back a legion of bad ideas.” Despite mounting pressure, President Cyril Ramaphosa has remained firm in his defense of the BEE laws. In a parliamentary session this week, he rejected claims that the empowerment policies were stifling economic growth. “I find it very worrying that we continue to have this notion that BEE is the one that’s holding our economy back,” he said. “It is the partial and exclusive ownership of the means of production in our country that is holding this economy from growing.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin crushes shorts, locks demand; altcoins bleed longs, killing altseason.
The XRP price is attempting a modest recovery after suffering a sharp drawdown earlier this week. At the time of writing, XRP is trading near $2.15, up approximately 0.7% in the last 24 hours. While the broader market remains in consolidation mode, XRP price action shows early signs of stabilization after bouncing off a critical weekly Fibonacci level. Traders are watching closely as the token tests key moving averages and momentum indicators begin to flatten, offering a potential springboard for short-term upside. What’s Happening With XRP’s Price? XRP price forecast (Source: TradingView) Over the past week, XRP price corrected from the $2.60 zone, shedding nearly 18% and briefly dipping toward $2.08 before stabilizing. The correction found footing near the 0.382 Fibonacci retracement level on the weekly chart, a zone that has historically served as strong demand. This bounce comes amid growing interest from retail traders and renewed speculative activity around potential ETF approvals for XRP in mid-2025. XRP price forecast (Source: TradingView) On the 4-hour chart, XRP price action has reclaimed the $2.14–$2.15 region after a failed breakdown. This zo… The post XRP Price Prediction For 1st June, 2025: Bulls Reclaim Ground As Reversal Signs Emerge Near Fib Support appeared first on Coin Edition .
While top altcoins have suffered major losses over the past week, ETH has remained relatively indecisive, trading sideways. However, it has charted a minor loss daily, but remains strong on a monthly scale. Starting the second quarter of the year on a strong note after crashing to a year-low in April, Ethereum recovered briefly above $1,800 and took a break due to a shrink in volatility, which later led to a 15-day squeeze. Following the second week’s surge, which saw the market through its biggest gain during the buying phase, ETH appears highly bullish again and tapped $2,750 as the price broke through a crucial resistance line. A rejection at this level cooled off the buying, and the market pulled back. Since then, the next market move has remained indecisive as the market continues to move sideways on the daily chart. Although it attempted to break higher on Thursday, but failed after rejecting the $2,788 level. It is currently down following a slight loss in the last 48 hours. Despite that, the asset remains in a buying range. A strong recovery above the $2,300 level could bring hope for more bullish rally on the daily chart. Otherwise, Ethereum may revisit $1,900 before regaining momentum. ETH’s Key Level To Watch Source: Tradingview Closing this month neutral-bullish, the key resistance level to watch for a break up is $2,788. A surge above it could rally us through $3,000 to retest the $3,213 level. The next buy target above this level is $3,744. If the price continues to decline, especially below the important $2,320 support, the lower discount price to keep in mind would be the $2,104 and $2,873 support levels, bringing a retest at the broken resistance line. Key Resistance Levels: $2,788, $3,213, $3,744 Key Support Levels: $2,320, $2,104, $1,873 Spot Price: $2,536 Trend: Bullish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
In its latest ecosystem news, NEAR Protocol, an innovative contract platform focused on scalability, revealed plans to hit one million transactions per second (TPS) by the end of 2025. Bowen Wang, who leads the team at NEAR One, shared this plan. It could make NEAR Protocol stand out from other blockchains that want to support new Web3 and AI services. Sharding Upgrade Set to Boost NEAR Protocol’s Performance In his recent post on X, Wang said that NEAR Protocol’s new sharding design, known as Nightshade 2.0, has shown it can handle high transaction volumes. Sharding divides the blockchain into interconnected sub-chains, or shards, which share the workload. This approach enables NEAR Protocol to process a large number of transactions efficiently. However, NEAR Protocol plans to take dynamic resharding a step further. This technology allows shards to split or merge automatically, depending on network demand. As a result, the blockchain can adapt to heavy traffic without sacrificing speed or performance. This capability is expected to be first rolled out on the testnet before being fully deployed on the main network. In line with the current development, we covered recently that Near Protocol (NEAR) is riding a 20% monthly gain as it tests the neckline of an inverse Head and Shoulders pattern. Zero-Knowledge Proofs Poised to Enhance Validation It is worth mentioning that NEAR Protocol is also exploring the integration of zero-knowledge proofs (ZK proofs) to strengthen its validation process. ZK proofs promise to replace the traditional Merkle proof-based state witness. It was stated that this provides faster and more secure transaction confirmations. More importantly, this shift could reduce overhead and improve scalability. This is especially necessary as AI and machine learning applications expand within Web3. Near Protocol has also started working on cross-chain bridges with Ethereum and other blockchain s. The aim is to improve how assets and data move between platforms. Community Reaction Remains Mixed Despite Progress It is essential to state that despite these ambitious plans, some community members have expressed doubts about the practical adoption of NEAR Protocol’s high TPS target. Concerns revolve around the number of users and the potential complexities introduced by cross-chain and cross-rollup interactions. Even with its new partnership with DWF Labs, NEAR Protocol still faces skepticism about whether these developments can attract a more extensive user base. Nevertheless, Wang remains confident that dynamic resharding and other improvements will make NEAR Protocol a leading platform in blockchain innovation. In other news, Rhea Finance and Intellex introduced the first vesting contract for Near Protocol. This offers a secure way for projects to manage token releases. The post NEAR Protocol Plans for 1M TPS Milestone by End of 2025 appeared first on TheCoinrise.com .
Bitcoin sets a Guinness World Record with 4,001 real-world payments in 8 hours—proving it's ready for mainstream use. I was there to see it happen! #Bitcoin
Amid ongoing economic negotiations, Pakistan’s unprecedented plan to integrate bitcoin into its national strategy has sparked concern from the International Monetary Fund, which was not consulted on the initiative. The country declared the establishment of a national bitcoin reserve and a digital asset authority during the Bitcoin Vegas 2025 conference, unveiling plans to allocate 2,000