The post XRP Price Prediction For June 3 appeared first on Coinpedia Fintech News XRP’s price has been under pressure lately, with the token stuck in a bearish trend. The price recently broke below an important support zone, and while it found temporary support between $2.10 and $2.20, the overall momentum remains weak. Short-Term Bounce Attempt In the short term, XRP is attempting a small bounce from this support area. If the price manages to climb, it will first face resistance around $2.30 to $2.34. A stronger resistance level sits higher at $2.44, with major resistance between $2.55 and $2.62. But so far, no clear signs of a strong recovery have appeared on the charts. Potential Bearish Pattern Forming There’s also a risk of a head and shoulders pattern forming, a classic bearish signal that could push the price lower if it completes. For now, this pattern hasn’t been confirmed yet — but traders should watch for it over the next few days. Key Support Levels to Watch Looking at the downside, if XRP fails to hold above $2.10, the next support would be near $2.05, and then at $2.00. A decisive drop below $2.00 could send the price tumbling towards $1.80, a crucial support level. What Needs to Happen for a Bullish Shift? The overall market mood is still cautious. While XRP is showing short-term signs of trying to stabilize, the trend remains bearish unless it can break above the $2.21 to $2.28 resistance zone. If that happens, it would be the first hint that bulls are attempting a comeback.
Recent analysis by COINOTAG on June 3rd highlights pivotal levels for Bitcoin. According to Coinglass data, a breakthrough at **$108,000** could unleash a staggering **$822 million** in cumulative short liquidations
Robinhood Markets, Inc. has officially completed its $200 million all-cash acquisition of Bitstamp, a cryptocurrency exchange based in…
BitcoinWorld Interest Rates: Why Goolsbee Sees Hope Despite Tariff Uncertainty In the ever-watchful world of finance and economics, every word from a central banker carries weight. Recently, Chicago Federal Reserve Bank (Fed) President Austan Goolsbee offered a glimpse into his thinking on the future path of U.S. interest rates , a topic of intense interest for investors, businesses, and everyday consumers alike. His comments, initially reported by Walter Bloomberg on X, suggest a potential shift on the horizon, one that might arrive sooner than some anticipate, even as clouds of tariff uncertainty linger. What Did Goolsbee Say About Interest Rates? According to the report, President Goolsbee expressed a view that interest rates could potentially begin to decrease within the next 12 to 18 months. This is a significant timeframe for market participants trying to gauge the direction of monetary policy. After a period of aggressive rate hikes by the Federal Reserve to combat inflation, the focus has firmly shifted to when and how quickly those rates might come back down. For context, higher interest rates make borrowing more expensive, which can slow down economic activity by reducing spending and investment. Conversely, lower rates stimulate the economy. Goolsbee’s projection offers a potential timeline for this pivot, suggesting that within roughly one to one-and-a-half years, the economic conditions might warrant a less restrictive stance from the central bank. Understanding the Federal Reserve’s Role The Federal Reserve , often referred to simply as ‘the Fed’, is the central banking system of the United States. Its primary mandates from Congress are to promote maximum employment, stable prices (control inflation), and moderate long-term interest rates. The Federal Open Market Committee (FOMC), which includes the Board of Governors and five Reserve Bank presidents (including the New York Fed president permanently and others on a rotating basis), is responsible for setting monetary policy, primarily by adjusting the target range for the federal funds rate. When the Fed raises the federal funds rate, it influences other interest rates throughout the economy, from mortgages and car loans to corporate bonds. When it lowers the rate, the opposite happens. Goolsbee, as a voting member of the FOMC on a rotating basis or simply a key voice in the discussion, provides valuable insight into the diverse perspectives within the committee regarding the appropriate path for monetary policy . Navigating the Waters of Tariff Uncertainty One of the most intriguing aspects of Goolsbee’s comment is that he believes rate cuts are possible despite ongoing tariff uncertainty . Tariffs are taxes imposed on imported goods. They can be used for various reasons, such as protecting domestic industries or as a tool in trade negotiations. However, they can also complicate the economic outlook . How does tariff uncertainty factor into the economic picture? Here are a few ways: Increased Costs: Tariffs directly increase the cost of imported goods for businesses and consumers, potentially contributing to inflation or reducing purchasing power. Supply Chain Disruptions: Uncertainty about future tariffs can make businesses hesitant to make long-term sourcing or investment decisions, potentially disrupting supply chains. Reduced Trade: Tariffs can lead to retaliatory tariffs from other countries, reducing export markets for domestic businesses. Business Investment Hesitation: Companies facing unpredictable trade costs may delay expansion or investment plans, impacting economic growth. Typically, increased costs from tariffs could be seen as inflationary, potentially arguing against rate cuts. Reduced trade and investment could slow growth, potentially arguing for rate cuts. The ‘uncertainty’ itself adds another layer of complexity, making it harder for businesses and the Fed to forecast economic conditions accurately. Goolsbee’s view suggests that while tariff uncertainty is a factor, he may see other economic forces as more dominant in determining the appropriate path for interest rates over the next 12-18 months. This could imply that he believes inflationary pressures will continue to ease, or that other aspects of the economic outlook , such as labor market conditions or domestic demand, will evolve in a way that supports lower rates. Goolsbee’s Economic Outlook: What Factors Might He Be Weighing? While the brief report doesn’t detail Goolsbee’s full reasoning, his economic outlook likely considers a range of data points that the Federal Reserve closely monitors. These typically include: Inflation Data: Primarily the Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge. A sustained move towards the Fed’s 2% target is crucial. Labor Market Indicators: Unemployment rate, job growth numbers, wage growth. A strong but not overheating labor market is key. GDP Growth: Measures of overall economic activity. The Fed aims for sustainable growth. Consumer Spending and Business Investment: Gauges of demand in the economy. Global Economic Conditions: Events outside the U.S. can impact the domestic economy. Goolsbee’s projection suggests he might be seeing a path where inflation continues to moderate towards the target without a significant rise in unemployment, often referred to as a “soft landing.” This scenario would provide the Federal Reserve with the flexibility to begin easing monetary policy . Monetary Policy and the Balancing Act The Federal Reserve ‘s monetary policy is a complex balancing act. They must weigh the risks of keeping rates too high for too long (potentially causing an unnecessary recession) against the risks of cutting rates too soon (potentially allowing inflation to reaccelerate). Factors like tariff uncertainty add to this complexity, as their economic impact can be difficult to predict and can affect both inflation and growth. Goolsbee’s comments highlight that while external factors like trade policy are part of the equation, the Fed’s decisions on interest rates are primarily driven by its core mandates related to domestic price stability and employment. His view implies that, within his forecast horizon, the trajectory of inflation and the labor market will likely be the dominant forces guiding the FOMC’s hand, potentially overriding the uncertainty introduced by tariffs. Challenges and What Could Change the Outlook While Goolsbee’s view offers a potential timeline for rate cuts, it’s crucial to remember that economic forecasts are subject to change. Several factors could alter this economic outlook : Inflation Rebound: Unexpectedly persistent or rising inflation could force the Fed to keep rates higher for longer. Worsening Tariff Disputes: A significant escalation in trade conflicts could have a more severe negative impact on the economy than currently anticipated. Unexpected Economic Shocks: Geopolitical events, financial market instability, or other unforeseen circumstances could derail the current trajectory. Changes in Fed Consensus: Goolsbee’s view is one perspective; other Fed officials may have different timelines or conditions for considering rate cuts. Therefore, while the 12-18 month window provides a hopeful target, the actual path of monetary policy will depend heavily on incoming economic data and how the FOMC collectively interprets it. Actionable Insights for the Reader What does this mean for you, especially if you’re following the markets, including cryptocurrencies? Stay Informed on Fed Speak: Pay attention to speeches and statements from Fed officials, particularly FOMC members. These provide clues about their thinking. Monitor Key Economic Data: Keep an eye on major inflation reports (CPI, PCE), jobs reports, and GDP data. These are the primary drivers of Fed decisions on interest rates . Understand Market Reactions: Financial markets, including crypto, often react significantly to changes in the expected path of monetary policy . Lower expected interest rates are generally seen as positive for risk assets. Diversify and Plan Long-Term: Economic forecasts can change. Maintain a diversified investment approach and focus on your long-term financial goals rather than trying to time market movements based on short-term predictions. Conclusion: A Glimmer of Hope Amidst Uncertainty Chicago Fed President Goolsbee’s recent comments offer a notable perspective: that despite the ongoing challenges posed by tariff uncertainty , the path towards lower interest rates within the next 12 to 18 months remains a plausible outcome in his economic outlook . This view suggests confidence that other economic forces, likely related to the disinflationary trend and the state of the labor market, may create room for the Federal Reserve to ease its restrictive monetary policy stance. While not a guarantee, Goolsbee’s timeline provides a glimmer of hope for those anticipating a shift from the current high-rate environment. However, the path forward is not without its potential pitfalls, and the Fed’s decisions will ultimately be data-dependent. Keeping a close watch on economic indicators and statements from the Federal Reserve will be crucial for understanding how this complex picture evolves. To learn more about the latest economic outlook and interest rates trends, explore our article on key developments shaping monetary policy and market expectations. This post Interest Rates: Why Goolsbee Sees Hope Despite Tariff Uncertainty first appeared on BitcoinWorld and is written by Editorial Team
On June 3rd, OSL Group (00863) announced a strategic acquisition aimed at expanding its footprint in the digital asset market. Their subsidiary, OSL Midaspay Limited, entered into a share purchase
Ai16Z surged by 15.49% as demand for the memecoin recovered across the board.
On June 3rd, **COINOTAG News** reported that the **U.S. Securities and Exchange Commission (SEC)** is actively soliciting public feedback regarding potential amendments to the rules governing the **WisdomTree Bitcoin Fund**.
BitcoinWorld Strategic Morph Leadership Transition Underway In the fast-evolving world of blockchain technology and cryptocurrency, strategic shifts in leadership can signal new directions and priorities for prominent projects. A significant announcement has recently come from Morph , the ambitious Ethereum Layer-2 solution backed by major crypto platform Bitget . The project has revealed a key Crypto Leadership Change at the very top. Morph’s Strategic Leadership Shift: What It Means The core of the recent news centers on the transition of leadership at Morph . Cecilia Hsueh, who served as the project’s CEO, has stepped down from her role. Taking the helm is Colin Goltra, who previously held the position of Chief Growth Officer (CGO) at Morph. This internal promotion suggests a potential emphasis on growth and expansion as the project moves forward. Goltra’s background in driving growth initiatives could be a strong indicator of Morph’s strategic focus under his leadership. As a relatively new Blockchain Project , having launched its mainnet in October 2024, establishing and scaling its user base and ecosystem is paramount. Key facts about the leadership change: Former CEO: Cecilia Hsueh New CEO: Colin Goltra Goltra’s Previous Role: Chief Growth Officer (CGO) Project Context: Morph , an Ethereum Layer-2 Backing: Supported by Bitget Mainnet Launch: October 2024 Navigating the Competitive Ethereum Layer-2 Landscape Understanding Morph ‘s position requires a look at the broader Ethereum Layer-2 ecosystem. Layer-2 solutions are crucial for scaling Ethereum, aiming to provide faster transactions and lower fees than the mainnet (Layer-1) while inheriting its security. This space is highly competitive, with numerous projects utilizing various technologies like rollups (optimistic and zero-knowledge) to achieve scalability. Morph aims to carve out its niche within this landscape. The leadership change occurs at a critical juncture, shortly after the mainnet launch, where the focus shifts from development to adoption and network effect. A CEO with a strong growth background like Goltra might be seen as a strategic choice to accelerate user acquisition and developer engagement on the platform. The success of any Ethereum Layer-2 depends heavily on: Technological robustness and security Developer tooling and ease of building User experience and accessibility Ecosystem development (dApps, wallets, infrastructure) Market positioning and adoption strategy Goltra’s transition from CGO to CEO could signify that Morph is prioritizing the last point – aggressive market positioning and driving adoption – as key levers for success in the crowded L2 space. Bitget’s Vision for Morph: Backing the Growth The connection to Bitget is a vital aspect of Morph ‘s identity and potential. As a prominent cryptocurrency exchange and Web3 technology company, Bitget’s backing provides significant resources, potential user synergies, and strategic guidance to the Blockchain Project . Bitget’s investment in and support for Morph underscore its belief in the importance of Layer-2 scaling for the future of decentralized applications and the broader crypto industry. A Crypto Leadership Change within a Bitget-backed project like Morph is likely aligned with Bitget’s overall strategic vision. Bringing in a leader focused on growth suggests Bitget and the Morph team are keen to see rapid expansion and adoption following the mainnet’s successful launch. This could involve leveraging Bitget’s existing user base and network to bootstrap activity on Morph. The partnership between Bitget and Morph highlights a growing trend of centralized entities supporting decentralized infrastructure, aiming to bridge the gap between CEX users and the broader DeFi/Web3 ecosystem on scalable Layer-2 networks. Understanding the Impact of Crypto Leadership Change Leadership transitions in the crypto industry, as seen with the Crypto Leadership Change at Morph , can have profound effects on a project’s direction, culture, and market perception. A new CEO brings a fresh perspective, potentially different strategic priorities, and a new management style. For a Blockchain Project like Morph that has recently gone live, the CEO plays a critical role in steering development, fostering the ecosystem, securing partnerships, and communicating the project’s vision to the community and investors. Investors and users often watch these changes closely. They look for clues about the project’s future strategy, its stability, and its ability to execute on its roadmap. Goltra’s transition from CGO to CEO is often viewed positively in growth-stage companies, indicating a desire to double down on market penetration and adoption. Factors influenced by a leadership change include: Strategic direction and roadmap adjustments Team structure and hiring priorities Go-to-market strategy and partnerships Fundraising efforts (if applicable) Community engagement and communication For Morph , this change underpins the transition from a development-focused phase to a growth-focused one, essential for any Ethereum Layer-2 aiming for widespread adoption. What’s Next for This Blockchain Project? With the mainnet launched in October 2024, Morph is now in a crucial phase of attracting users, developers, and decentralized applications (dApps). The appointment of Colin Goltra as CEO, given his background as CGO, strongly suggests that the immediate future will be heavily focused on growth initiatives. This could include ecosystem grants, developer incentives, marketing campaigns, and strategic integrations to drive activity on the network. As a Blockchain Project operating in the competitive Ethereum Layer-2 space, success will be measured by metrics such as Total Value Locked (TVL), transaction volume, number of active users, and the diversity of dApps deployed on the platform. Under Goltra, we might expect to see aggressive targets set for these key performance indicators. For those interested in Morph or the broader L2 space, actionable insights include: Monitoring ecosystem announcements for new partnerships and dApp launches. Observing on-chain activity and growth metrics post-transition. Following official communications from the Morph team regarding their updated strategy. Assessing how Bitget integrates or promotes Morph within its ecosystem. The transition marks a new chapter for Morph as it aims to solidify its position and achieve significant scale within the vital Ethereum Layer-2 landscape. Summary: The recent Crypto Leadership Change at Morph sees Colin Goltra taking over as CEO from Cecilia Hsueh. This move, particularly given Goltra’s background as Chief Growth Officer, signals a likely strategic focus on expanding the reach and adoption of this Bitget -backed Ethereum Layer-2 project. With its mainnet live since October 2024, Morph is entering a critical growth phase, and the new leadership is poised to drive this Blockchain Project forward in the competitive L2 market. To learn more about the latest Ethereum Layer-2 trends, explore our article on key developments shaping Ethereum institutional adoption. This post Strategic Morph Leadership Transition Underway first appeared on BitcoinWorld and is written by Editorial Team
The post Pi Network Beats XRP for Top Spot in Latest Crypto Usage Poll Despite Price Crash appeared first on Coinpedia Fintech News Pi Network has outperformed XRP in a recent poll about cryptocurrency usage on Zypto VISA Cards, even as its market price continues to tumble. The poll, conducted online, asked crypto users to guess which digital currency was most used for topping up Zypto VISA Cards over the past week. The final results left many stunned, with Pi Network taking the top spot, followed closely by DASH. The newcomer USD1 secured third place, while XRP surprisingly finished last. So, your guess for which of these cryptocurrencies were used most over the last 7 days was: 1st: $Pi 2nd: $USD1 3rd: $XRP 4th: $DASH Well, you got 1 out of 4 right! $Pi was indeed the most used of the 4, but $DASH was VERY close in 2nd place. Other weeks it's actually been… https://t.co/HCiTpOaOSz — Zypto App (@ZyptoApp) June 1, 2025 Poll organizers later revealed that DASH, which came very close to beating Pi Network this week, has actually topped the list in other weeks. This time, however, Pi managed to claim the number one position, while XRP recorded lower-than-usual activity for card top-ups, marking a noticeable dip in its usage within the Zypto community. Pi Network Price Plunges Amid Market Sell-Off Interestingly, this positive usage milestone for Pi Network comes at a time when its market performance is struggling. As of May 31, 2025, the Pi token’s price has plummeted by 22% in just one week, falling to $0.65. This sharp decline happened alongside a massive market-wide sell-off, where the global cryptocurrency market saw over $170 billion wiped from its total value within days. The ongoing sell-off has triggered concerns about Pi Network’s future prospects. Several factors have contributed to this steep drop in price, including the absence of major updates or positive developments from the project’s team, and the fact that Pi Network still hasn’t secured listings on major crypto exchanges. This has kept liquidity low and discouraged institutional investors from getting involved. What’s Next For Pi Network Price? Analysts warn that if the selling pressure continues, Pi’s price could fall below its current support level of $0.55 and potentially touch a historic low of $0.40. While a strong buying response might push the price back up to $0.86, such a rebound appears unlikely unless the ongoing downtrend reverses. Despite its price slump, Pi Network’s strong performance in real-world use cases like Zypto VISA Card transactions shows that the project still holds appeal among everyday users. However, the widening gap between its growing utility and falling token price raises tough questions about the long-term trust and confidence investors place in the project.
Robinhood Markets, Inc. has formally concluded its acquisition of Bitstamp, one of the world’s oldest and most reputable cryptocurrency exchanges, in a $200M deal. The transaction , which was unveiled in June 2024, was finalized on May 2, 2025, and was 100% cash-financed . Bitstamp, headquartered in Luxembourg, has a significant international footprint and a sturdy client base. This purchase will be a major move in Robinhood’s ambition to expand its exposure in the worldwide crypto market. Bitstamp has a history of catering to institutional clients. It now serves over 5,000 institutional clients and some 50,000 retail customers. And it gets a lot of trading from its institutional base, a category Robinhood didn’t have until now. Through its acquisition of Bitstamp, Robinhood will soon have access to a reliable platform with more than a decade of experience, significant liquidity, and a proven security and compliance track record. Robinhood Crypto general manager Johann Kerbrat said the acquisition would enable the company to scale faster and expand its crypto offerings to more people in the US and globally. He told CNBC that Robinhood is not ruling out additional crypto acquisitions if they can help accelerate the company’s growth, adding that any opportunity to advance by 18 months or two years would be considered. The purchase also includes over 50 operational licenses and licenses-to-be in Europe, the UK, Asia, and the US, enabling Robinhood to do business in many new markets legally. Robinhood pushes into global markets Robinhood’s crypto business is largely limited in the United States. But Bitstamp is available in Luxembourg, the UK, Slovenia, Singapore, and the US. And just like that, Robinhood gets an immediate foothold across Europe and Asia . Robinhood said that it has already started to incorporate Bitstamp’s platform. It’s now connected to Robinhood Legend and its Smart Exchange Routing trading system for enhanced trade execution. Bitstamp reportedly made $95 million in revenue for the 12 months ending April 30, 2025. And that’s just in the first quarter of 2025: Robinhood’s crypto business raked in $252 million. Robinhood expects to spend an additional $65 million on Bitstamp-related expenses through the remainder of 2025, such as technology integration, marketing, and operations. Robinhood outlines future strategy and responds to market The Bitstamp deal isn’t Robinhood’s only move. On May 13, 2025, the company also said it would buy Canadian crypto platform WonderFi for $179 million to become a dominant player in the Canadian market. These acquisitions are part of a larger strategy to become a global crypto powerhouse — serving individual users and professional and institutional traders. Robinhood is also looking at the future of tokenization, where real-world assets can be tokenized into tradeable digital tokens. CEO Vladimir Tenev once called tokenization a “massive unlock” that could enable people to invest in assets like shares of private companies — so long as they’re giants like OpenAI or SpaceX — in minutes. He thinks this innovation could solve several of the biggest problems in secondary markets, particularly concerning private equity. On the market side, investors were reacting favorably to the Bitstamp news. Robinhood stock (HOOD) gained 2.77% to settle at $67.98 on Wednesday and added another 0.44% in the after-hours session. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More