Bitcoin Holds Above $105K as U.S. Stocks Edge Up Amid Weak ADP Jobs Data and Economic Uncertainty

U.S. markets showed cautious optimism on June 4, with stocks edging higher amid mixed economic signals and persistent investor uncertainty. The ADP report revealed a significant slowdown in private-sector job

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How Reporting Bitcoin Scams Through Chainabuse and Scamwatch Could Help Protect Others

Bitcoin scams continue to pose significant risks in the crypto ecosystem, but platforms like Chainabuse and Scamwatch empower victims to report fraud and protect others. These reporting tools enhance transparency

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Gate Delists LAUSDT Perpetual Contract Amid Price Discrepancies to Protect Traders

Gate has officially announced the removal of the LAUSDT perpetual contract from its trading platform as of June 4th, citing significant discrepancies between the contract’s marked price and the prevailing

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Bitcoin Could See Shifts as Hong Kong Invites Crypto Firms Amid Singapore’s Regulatory Changes

Hong Kong is actively courting cryptocurrency firms amid Singapore’s introduction of stricter digital asset regulations, signaling a potential shift in the regional crypto business landscape. With over 1,000 Web3 companies

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Binance Names Five Crypto Trading Pairs To Be Delisted: Details

Binance to axe five crypto trading pairs on this date

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BlackRock’s IBIT Hits Russia But Only the Elite Can Touch It

BlackRock’s blockbuster Bitcoin ETF just made its Russian market debut — sort of. On June 4, Moscow Exchange (MOEX) launched futures trading for th...

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How to use Chainabuse and Scamwatch to report a Bitcoin scammer

Got scammed or worried about Bitcoin fraud? Learn how sharing your story with Chainabuse and Scamwatch can help protect you and others from falling victim.

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Synthetic Stablecoins Are Gaining Ground — MEXC Quietly Accumulates $100M in USDe

The rise of synthetic stablecoins has shifted the balance in the digital dollar ecosystem, as traders and exchanges increasingly look beyond fiat-backed models. Among the most active participants in this trend is MEXC, which has reported more than $100 million TVL in USDe, the synthetic dollar issued by Ethena Labs. On-chain data reviewed by CryptoDaily confirms that MEXC is now the second-largest centralized holder of USDe, trailing only Binance. The asset's circulating supply has climbed to $5.2 billion, making it the fourth-largest stablecoin by market cap. USDe’s growth has been driven by a non-collateralized design that relies on derivatives hedging and liquidity provisioning rather than fiat reserves. While the model introduces new risk dynamics, it also opens the door for scalability and yield exposure — both attractive features in the current market cycle. MEXC’s exposure to the Ethena ecosystem goes beyond custody. In early 2025, the exchange committed $16 million in venture funding to Ethena Labs and separately executed a $20 million direct acquisition of USDe. Following these moves, MEXC saw a sharp uptick in trading activity around ENA, Ethena’s governance token. According to internal figures, ENA’s daily volume rose 885% on MEXC in March, while the number of token holders increased by 30%. Between February and May, ENA’s market cap jumped from $1.07 billion to $1.96 billion — a 83% increase over three months. MEXC has also deployed several incentive-driven liquidity programs tied to USDe, including fee exemptions and short-term staking yields, though it has not disclosed long-term plans for stablecoin liquidity provisioning or integrations. While synthetic stablecoins like USDe remain a niche segment compared to USDT and USDC, they are beginning to attract both capital and attention from infrastructure players. MEXC’s aggressive positioning suggests that at least some exchanges are preparing for a broader shift in how stable value is collateralized and delivered onchain. The larger question is whether synthetic models can maintain peg resilience and regulatory neutrality under prolonged market stress. For now, the liquidity is moving — and MEXC is following it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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ETH Breaks Key Resistance: Analyst Eyes $3K as Institutional FOMO Kicks In

Ethereum (ETH) has surged past a critical resistance level at $2,600, sparking fresh bullish sentiment across the market as analysts and investors alike set their sights on the psychologically significant $3,000 mark. With growing institutional interest, whale accumulation, and renewed momentum against Bitcoin (BTC), ETH’s latest rally is being hailed as the beginning of a broader altcoin resurgence. ETF Inflows, Whale Activity Fuel Bullish Momentum At the time of this writing, ETH had risen slightly in the last 24 hours, gaining 0.9% to go just beyond $2,640. Over seven days, the asset’s price fluctuated between $2,482 and $2,771, with the current value a 0.2% increase over that time. Nonetheless, the cryptocurrency still edged out the broader digital asset market, which is down 1.9% this week. ETH has also shone in longer periods, up a respectable 4.4% across two weeks and a more eye-catching 46.3% in the past month. Market watchers are pointing to strong institutional accumulation as a primary driver of Ethereum’s upward movement. On June 4, pseudonymous crypto trader Doctor Profit reported visible on-chain signs of large players scooping up ETH, including a significant uptick in buying from BlackRock. Echoing this, crypto enthusiast Kyle Chassé noted that a single whale wallet had acquired more than 108,000 ETH, worth almost $285 million, in less than 24 hours. This institutional embrace has been corroborated by data from CoinShares, which shows investment products based on the world’s second-largest cryptocurrency attracting almost $1.2 billion over six consecutive weeks, the strongest inflow streak since December 2024. Based on this uptick in accumulation, Doctor Profit is explicitly calling for $3,000 “anytime soon” while targeting $4,000 ahead of a potential all-time high attempt “in late summer.” He also noted the profitability of rotating from assets like XRP, which has been down 7% recently, into ETH, which has gone up 6% in the same period. Foundation Restructuring The outlook may be overwhelmingly bullish, but a note of caution stems from the Ethereum Foundation itself. The significant restructuring and layoffs announced yesterday within the Protocol Research and Development team highlight ongoing internal challenges related to scalability, blob space expansion, and user experience. While aimed at long-term efficiency, such moves can introduce near-term uncertainty, which could affect the price of ETH. The post ETH Breaks Key Resistance: Analyst Eyes $3K as Institutional FOMO Kicks In appeared first on CryptoPotato .

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California State to Accept Crypto, Top Presales to Pump?

California embraces its techie heart and opens the door for crypto payments. That’s probably not surprising for the state that hosts Coinbase, Kraken, and other big-name crypto companies. And with obvious support from those organizations, it’s probably even less surprising that the California assembly passed the upcoming crypto payments bill, AB 1180 , unanimously, 68-0. The move allows the state government to accept crypto payments – including Bitcoin – for certain obligations. If it passes the state senate, there’d be a trial program from 2026-2031, followed by full adoption. California Cements Spot Among Top World Economies It’s a big deal because California boasts the 4th-largest economy in the world , with $4.1T nominal GDP. That’s right – if it were a country, California would rank just behind the US, China, and Germany, and just ahead of Japan. And – partially fueled by crypto growth in the form of Kraken, Coinbase, et al – California can also point to an economic growth rate that outpaces the other top economies. California’s growing at 6% year-over-year, with an average growth rate of 7.5% from 2021-2024. In other words, this isn’t Colorado ($550B) or Louisiana ($327B), two other states that have similar rules in place. It’s not even Florida ($1.7T), which also is moving to accept crypto. California is one of the largest economies in the world, the largest state economy in the US, and if the bill passes, it’ll take card, cash, and crypto. AB 1180 Payments Bill Supports Upcoming Bitcoin Bill While AB 1180 focuses on the government side, another bill – AB 1052 – does something similar for private payments. Specifically, AB 1052 establishes clearly that crypto payments are acceptable means of settling private debts. It supports a self-custody regulatory structure, while also opening the door for a state digital assets reserve formed of unclaimed assets. Together, AB 1052 and AB 1180 show California’s going ‘all-in’ on crypto. Another major global economic player bites the dust, bowing before crypto’s relentless rise. Adopting crypto payments for both private and public organizations will require a top-notch, easy-to-learn crypto wallet. That’s where Best Wallet app and the Best Wallet Token come in. Best Wallet Token ($BEST) – Supercharge Leading Web3 Wallet Best Wallet Token ($BEST) powers up the already-impressive performance of the Best Wallet app. The app delivers a secure, reliable self-custody Web3 wallet, with biometric security and support for dozens of blockchains. It’s also the first crypto wallet dedicated to crypto presales, with an Upcoming Tokens section that breaks down key projects and gives investors the opportunity to purchase hot new tokens before they launch. The $BEST token takes utility up a notch, lowering fees for transactions, giving exclusive presale access, and boosting rewards. It’s a unique wallet with a powerful utility token, and that’s part of the reason our price prediction shows that $BEST could rise 28% from its current price of $0.025125, reaching $0.035215 by the end of the year. To avoid missing out, learn how to buy $BEST with our guide. Visit Best Wallet Now BTC Bull Token ($BTCBULL) – With First-Ever Bitcoin Meme Coin, Buy $BTCBULL Now, Earn $BTC Later Another project that benefits a lot from crypto adoption is BTC Bull Token ($BTCBULL), which offers the classic ‘buy-one-get-one-free’ combo, crypto-style. Buy $BTCBULL and hold it on your Best Wallet app, earn free $BTC when Bitcoin’s price reaches $150K and $200K. Put another way, BTC Bull does what it says on the tin – gives investors a chance to bet big on a bullish outlook for Bitcoin. With California’s mega-economy moving to adopt crypto, and over 100 businesses that already accept Bitcoin payments in California , a bullish Bitcoin bet has perfect timing. What’s unique about BTC Bull Token is that has no less than four ways to earn: Presale $BTCBULL staking, the long play Regular $BTCBULL price increase post-launch, since a lot of people will be trading it $BTC airdrop for token holders in Best Wallet app $BTCBULL airdrop when Bitcoin hits $250K With $BTC airdrops at $150K and $200K, and a mega $BTCBULL airdrop at the end of the project when Bitcoin reaches $250K, there are ample rewards for early investors. And in between, $BTCBULL token burns exert deflationary pressure at $BTC $125K, $175K, and $225K. The combination of token burns and airdrops keeps $BTCBULL tied to Bitcoin’s steady progress, and is one of the reasons our BTC Bull price prediction shows the token potentially reaching $0.0084, up 230% from its current price of $0.00254. Don’t wait – rewards are only given out when $BTC first reaches the milestones. Learn how to buy BTC Bull. Visit BTCBULLL Now Nexchain AI ($NEX) – Blockchain Built for Integrated AI Applications Alongside crypto, AI is probably the most-transformative tech in the world today. Nexchain brings the two together in the first completely AI-native chain. Leveraging AI-native architecture, Nexchain delivers: 400,000 TPS, blazing-fast transactions Hybrid Proof-of-Stake + AI consensus mechanism Cross-chain bridges for blockchain interoperability Minimal transaction fees Nexchain is a serious project with serious potential, and could be the technological breakthrough crypto and AI believers have been looking for. The $NEX presale passed $3.1M. With strong community support and a detailed technical foundation, the project expects the Nexchain AI testnet to launch in Q4 2025. California, the Crypto State? California overall may have little love for the ‘Crypto President,’ but it looks set to become the Crypto State anyways. And when the world’s 4th-largest economy embraces the power of Bitcoin, that’s the most bullish sign of all. Just remember to do your own research before investing in any crypto projects. Nothing here is financial advice, and you should never invest more than you can afford to lose, because you can always lose it all.

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