Hong Kong’s securities regulator has announced that professional traders can now trade crypto derivatives, allowing a select few to access virtual derivatives markets and advancing professional crypto adoption in Asia. Hong Kong has recently made many efforts to adopt reasonable crypto regulations, enabling the Asian country to lead in blockchain innovation. Christopher Hui Ching-yu, secretary for financial services, said that the move aligned with Hong Kong’s competitiveness in the global digital assets market. The Securities and Futures Commission (SFC) said the new derivatives market will be rolled out securely and transparently. The derivatives market is much larger than the spot market. Many traders prefer derivatives because they can use advanced tools to manage their portfolios and minimise risk. Hong Kong crypto traders can now enjoy further freedom when investing in cryptocurrencies. The new rollout, however, will be limited due to the SFC taking a cautious approach to enabling crypto trades. The SFC will monitor the situation unfolding, presumably allowing more crypto technologies if the problem is favorable. Derivatives traders were waiting for new regulations to be drawn up, removing uncertainty when trading crypto derivatives. In May, Hong Kong approved legislation relating to stablecoin adoption. Stablecoins are digital currencies that are pegged to traditional currencies such as USD. Hong Kong’s regulators also released a licensing scheme so traders could have confidence in the stablecoin market. Approval of stablecoins will inevitably allow Hong Kong to enable DeFi platforms to build sophisticated financial tools. Hong Kong seems to be taking a deliberate approach so that regulators can identify any shocks in the crypto market and roll back the approvals accordingly. The exciting news will include further tax concessions for crypto investors, including a possible concession for single-family-owned businesses. The forward-thinking nature of Hong Kong, often dubbed the New York of Asia, may attract crypto investors worldwide. The end goal of regulators may be to attract high-end investors to the local market. The government also plans to streamline services such as tax, licensing, and compliance, thus making crypto investing hassle-free. The SFC will make another announcement later in 2025, releasing information regarding web3 technologies and building blockchain infrastructure projects. There is still much more work on risk disclosures and custodial responsibilities. The future-bound announcement will address these concerns and much more. In September 2024, Hong Kong regulators promised to implement a crypto derivatives framework. They specifically wanted to build off a European standard that was widely accepted, such as one authored by the European Securities and Markets Authority (ESMA). Hong Kong, meanwhile, has gathered steam while pushing for crypto adoption across the local business district. Hong Kong was responsible for releasing Asia’s first spot in the ETF market. There are over 1,000 FinTech companies across the country. Christopher Hui Ching-yu, secretary for financial services, announced that Hong Kong was reforming its tax system to attract foreign investors. The tax department will soon treat digital assets preferentially. Hong Kong has been promoting its financial services sector within its administrative borders and throughout China. Hong Kong aims to incentivize digital trading, competing with other countries on the global stage. Ching-yu acknowledged that Hong Kong was home to 8 digital asset banks.
Bitcoin made a new all-time high on May 22 when it crossed $112K. Although it dipped below $100K soon after, it’s now showing signs of recovery and a potential run upwards. Carlo Pruscino from CMC Markets believes that a Fed rate cut might drive $BTC back to $112K and potentially even beyond. Keep reading to find out Trump’s stance on a potential Fed rate cut, when we can expect one, and what the best altcoins to buy are to make the most of this pro-crypto situation. Trump Wants a Rate Cut Now Trump took to Truth Social to criticize the Fed on delayed rate cuts . He said that Europe has already had 10 rate cuts while the US is lagging behind. He also pointed out there’s no inflation anymore – in case that’s what is holding back the Fed. He said that if inflation were to come back, the Fed could simply raise the interest rate again. As of now, though, Trump believes that the US is paying a lot more in borrowing costs than it should. It’s worth noting that the Federal Reserve has been mulling over rate cuts for quite some time. However, Trump’s ongoing trade tariff war and uncertain trade policies have held it from making a decisive move. The current borrowing rate is 4.25%–4.50%. As per CME Group’s data , 97.5% of market participants believe that this will remain unchanged in the upcoming Fed meeting on June 18. More than 51% of people believe that a rate cut might come around mid-September, where rates may be slashed by 25 basis points. If we see a rate cut earlier than expected, $BTC may be the first major asset to react. When…further rate cuts come, if they’re coming a lot sooner than expected, that will then impact heavily on the future price moves or crypto on Bitcoin and some other cryptos as well. – Carlo Pruscino, a CMC Markets analyst To help you make the most out of upcoming policy changes, we’ve handpicked the best cryptos to invest in . 1. BTC Bull Token ($BTCBULL) – Best Altcoin to Buy Right Now, Free $BTC Airdrops Bitcoin will almost certainly be one of the biggest beneficiaries of a rising crypto market. In fact, the ‘digital gold’ is what will pull the crypto market to new highs in the first place. As such, BTC Bull Token ($BTCBULL) , a Bitcoin-inspired meme coin, is the best crypto to buy if you’re bullish on $BTC and want to maximize your returns. Unlike other altcoins, $BTCBULL token holders will be rewarded with free $BTC. This will happen on two occasions: once when Bitcoin reaches $150K and another when it reaches $200K for the first time. Just make sure to store your $BTCBULL tokens in Best Wallet and participate in the airdrop events, which will take place on social media. In addition to having a genuine shot at grabbing real $BTC, you’ll also benefit from a monstrous rise in $BTCBULL’s price. According to our BTC Bull Token price prediction , the token can reach $0.0096 by 2026 – a 276% rise from current prices. Buy $BTCBULL now for just $0.00255 each. The project is in presale, where it has amassed nearly $7M. 2. Solaxy ($SOLX) – First-Ever Solana Layer-2, Insane $45M Presale Raise A rise in Bitcoin will likely lead to joyous times in the meme coin market as well, which is why we believe that Solaxy ($SOLX) could be one of the next cryptos to explode . Designed to strengthen the best blockchain for meme coins, $SOLX is being hyped as Solana’s prodigal son, and for good reason. After all, Solaxy will finally cure Solana of its congestion and scalability issues, which it has been facing ever since the success of $TRUMP and other viral meme coins overloaded it. Solaxy will build the first-ever Layer 2 scaling solution on Solana, which will offload transactions from the mainnet onto a sidechain. This will reduce the workload on Solana, thereby restoring its lightning-fast executions. Furthermore, this brand-new L2 will also process transactions in bulk, which will decrease the overall cost requirements on Solana. To participate in Solaxy’s one-of-a-kind mission and token growth – it’s predicted to rise by over 11,300% by 2030 – become an early investor in the project. It’s currently in presale, with over $45M raised, and you can get each token for just $0.001748. Here’s how to buy it . 3. PepeCoin ($PEP) – Pepe-Inspired Meme Coin Currently Among the Top Gainers Although you wouldn’t be wrong to think that PepeCoin ($PEP) borrows its popularity from the legendary $PEPE meme coin, it’s got a handful of unique features that have had a fair bit of say in it being one of the top trending cryptos. For instance, PepeCoin runs on its own blockchain, which is how it offers astonishingly low transaction fees and zero $ETH gas fees. Coming to its performance, $PEP is up over 3,000% since its inception in June 2024 . More recently, the token has recorded 28% gains over the past thirty days. According to price action analysis, $PEP is closing in on a major resistance level ($0.00024), a break of which could see the token soar to $0.00027 and beyond. The Best Altcoins to Benefit from a Rate Cut, but They’re Not Completely Dependent on It With a rate cut on the horizon, major cryptos like Bitcoin and Ethereum could finally start rallying – and the altcoin space will only get more bullish. While new cryptos, like BTC Bull Token ($BTCBULL) and Solaxy ($SOLX) , will indeed benefit from increased public borrowing and investment, their solid fundamentals and community hype will likely see them rising regardless. However, make sure you do your own research and due diligence before investing. Our articles aren’t financial advice, after all.
Meta unveils bold AR/VR plans for 2025, focusing on AI-powered wearables and a $100 billion investment to reshape immersive technology markets. The company’s Reality Labs division, led by CTO Andrew
US President Donald Trump has reignited speculation about replacing Federal Reserve Chair Jerome Powell, causing significant volatility in both traditional and cryptocurrency markets, with Bitcoin targeting a surge to $105,000.
XRP price has dropped 3% over the last 24 hours to exchange hands at $2.18, yet a persistent accumulation pattern hints at imminent volatility. Over the past two weeks, XRP has stayed below the $2.20 threshold, trading within a narrow $2.14–$2.25 range. During this period, on-chain data shows daily transactions on the XRP Ledger hovering above two million, indicating steady network activity despite price stagnation. Amid this consolidation, market technician and longtime XRP bull EGRAG Crypto identified a final “go-go signal” at $2.65—a level he argues must be cleared for a bullish breakout. This signal comes as institutional adoption of XRP accelerates, positioning the token for a potential shift from sideways action to an extended rally. XRP Technical Analysis: The Mega Falling Wedge Since reclaiming the $3.00 mark in January 2025, XRP has entered a prolonged correction phase. On January 14, 2025, XRP peaked at $3.40—its highest level in seven years—before collapsing below $3.00. Subsequent price action formed a “mega falling wedge” on the 4-hour chart, characterized by lower highs and lower lows over four months. Source: Egrag Crypto X EGRAG’s analysis pinpoints five critical price hurdles. The first is $2.30, a level XRP that has not been cleared since May 29, 2025. Next is $2.35, followed closely by $2.36—the third target that, if conquered, would signal the wedge breakout. The fourth level stands at $2.45, representing a two-week high. Finally, EGRAG designates $2.65 as the “go-go signal,” suggesting that breaching this mark would confirm an end to the wedge pattern and trigger a strong upside move. Since mid-January, XRP has tested the wedge boundaries multiple times. A rally to $3.02 on March 17, 2025, stalled at the upper trend line, prompting a retest that returned the price to $2.75. Another attempt in early May saw XRP climb to $2.65 but fail to hold, instead dropping back into the wedge. These failed breaks highlight the importance of $2.65; it represents both a recent rejection point and EGRAG’s final trigger for a bullish phase. Institutional Adoption: ETFs, Futures, and Corporate Reserves Technical setups aside, XRP’s fundamentals are strengthening via institutional channels . On May 25, 2025, Brazil’s B3 exchange launched XRPH11, the world’s first Ripple-based ETF, allocating 95 percent of its assets to XRP. In parallel, CME Group introduced XRP futures on May 20, 2025, providing traders with new derivatives tools. Even more noteworthy, the U.S. Securities and Exchange Commission approved the first XRP futures ETF on April 30, 2025—marking a regulatory milestone. This approval follows months of uncertainty and positions XRP alongside other major digital assets as an institutional product. On-chain flows corroborate growing demand: over $200 million worth of XRP moved into institutional-grade addresses in late May 2025, according to WhaleAlert data. Corporate adoption is also on the rise. Renewable energy provider VivoPower announced on May 15, 2025, that it raised $121 million to establish an XRP-focused treasury reserve, becoming the first publicly traded firm. Similarly, Webus International filed for a $300 million fundraising effort earmarked to create a strategic XRP reserve . These moves underscore institutional conviction in XRP as a trading asset and treasury instrument. While EGRAG’s wedge analysis provides a clear technical roadmap, market participants must weigh these levels against evolving macro and institutional drivers. XRP’s daily simple moving average (SMA) on both the 50-day and 200-day timeframes currently sits at $2.25 and $2.30, respectively. Failure to reclaim these SMAs has maintained bearish momentum. Yet, rising ETF holdings and futures volume—up 35 percent month-over-month—signal that institutions eye XRP’s next move. What Next for XRP Price? Longer-term, EGRAG remains bullish beyond the $2.65 trigger. In prior analyses, he projected a $27 target for XRP—relying on a broader bull cycle in digital assets that began in late 2024. XRP/USDT Price Chart| Source: TradingView However, short-term focus must center on the falling wedge. If price holds above $2.36 after breaking the wedge, the next logical step is $2.45. Sustaining above $2.45 would set the stage for the “go-go signal” at $2.65. At current levels—XRP trading at $2.12 on June 5, 2025—liquidity remains thin at the $2.20–$2.30 band. Market depth is shallow, with aggregated bid orders totalling 1.2 million XRP at $2.20, versus 800,000 XRP at $2.30. This asymmetry suggests that even modest buying pressure could nudge the price toward the initial hurdle at $2.30. EGRAG’s call for a $2.65 breakout comes at a pivotal moment. Institutional networks—from ETFs to corporate reserves—are locked in XRP exposure. Simultaneously, on-chain activity remains robust with over two million daily transactions. Against this backdrop, technical clarity from the mega falling wedge pattern could catalyze a decisive move.
According to recent data released by the Ministry of Finance of El Salvador, the country has acquired an additional 8 Bitcoins over the last week. This latest purchase increases El
After months of consolidation, XRP is once again approaching a decisive technical juncture. The asset’s recent movement within a long-standing falling wedge formation has placed it in a position where either a breakout or a renewed decline appears imminent. EGRAG CRYPTO (@egragcrypto), a well-respected analyst, shared this pattern with the XRP army on X, showing the conditions the asset must meet to confirm a bullish breakout on the 4-hour timeframe. #XRP – Short-Term Move: To have #Bullish break-out then #XRP has to close: 1⃣ $2.30 2⃣ $2.35 3⃣ $2.36 – break-out from MEGA falling wedge 4⃣ $2.45 5⃣ $2.65 Is Go-Go signal #XRPFamily STAY STEAD and STRONG , Together We Rise pic.twitter.com/3Z2TfmWxEV — EGRAG CRYPTO (@egragcrypto) June 5, 2025 XRP Key Levels to Watch At the time of EGRAG CRYPTO’s analysis, XRP was trading at $2.24, and traders are closely watching whether momentum will tilt upward or if further downside risk remains. The chart identifies a “mega falling wedge” pattern that has confined XRP’s price since its multi-year high of $3.39 in January. According to the analysis, several resistance levels must be broken before any meaningful upward continuation can be confirmed. These include $2.30, $2.35, and most crucially, $2.36, marked as the breakout point from the wedge. The analyst describes $2.65 as the “Go-Go signal,” suggesting a broader trend reversal if that target is reached. Notably, another well-known expert recently highlighted a similar falling wedge pattern , also suggesting that a massive rally of the asset will break out. XRP Support Zone Remains Critical While the asset is approaching resistance, a clear support box also stands out on the chart, ranging from around $1.77 to $2.05. EGRAG CRYPTO highlights this zone as one that needs to be retested and held if the bullish case is to remain intact. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP has shown remarkable strength this year and now faces the challenge of sustaining upward pressure without falling below key support lines. Failure to hold the lower levels could lead to a drop to $1.60 or even $1.47. The chart includes a direct warning that losing the bottom of the wedge at $1.47 could be catastrophic. Recent analysis shows a massive liquidity pool of around $2 . If the bears take control of the market, this area could help the digital asset rebound without dipping below that crucial support range. What to Expect from XRP To escape the downward pressure of the wedge, XRP must close above the critical resistance zone between $2.30 and $2.36. The $2.36 level, specifically, serves as the breakout point from the wedge. The asset is currently trading at $2.17, and a move above the outlined thresholds could set the stage for a rally toward $2.45 and $2.65. While EGRAG CRYPTO did not outline further targets, he recently predicted a move to $55 , and this could serve as a long-term target for XRP. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post For XRP Mega Breakout, Analyst States Key Levels to Watch appeared first on Times Tabloid .
Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions include cash deposit and withdrawal limits as well as mandatory scam warnings. ATM Scammers Target Senior Citizens Australia’s financial intelligence agency, AUSTRAC, is implementing stringent new measures for cryptocurrency ATM operators, including refusing to renew
Bitcoin is currently trading 7% below its all-time high of $112,000, facing increased selling pressure as the entire crypto market cools down. While some analysts believe further downside could follow, others point to shifting global dynamics that may soon favor Bitcoin. Rising US bond yields and persistent geopolitical tensions are reshaping risk sentiment across financial markets, potentially positioning BTC as a hedge in uncertain times. One key signal comes from whale activity. According to new data from Alphractal, the Whale vs. Retail Ratio has started rising again, suggesting large investors are taking on more risk while retail participants remain cautious. Historically, rising whale appetite has preceded major price rallies, as institutional players tend to act early during periods of uncertainty. This divergence between whales and retail traders may hint at an accumulation phase playing out beneath the surface, despite the current price pullback. The coming days will be critical. If Bitcoin holds above key support levels , the presence of strong hands could support a reversal or consolidation before another attempt at price discovery. For now, whale conviction is rising — and that could prove pivotal if sentiment shifts bullish again. Whale Activity Rises Amid Systemic Uncertainty Bitcoin continues to trade above the crucial $100,000 level, even as global markets remain rattled by systemic risk, rising inflation, and deteriorating macroeconomic indicators. While equities and commodities reflect increasing volatility, Bitcoin appears to be entering a phase of resilience, often seen when investors search for alternatives in times of uncertainty. Inflation remains persistent across developed economies, and bond yields continue to rise, placing pressure on traditional markets. Amid this backdrop, Bitcoin’s positioning as a hedge against monetary instability is gaining renewed attention. However, sentiment across the crypto market remains split, with many retail traders taking a cautious stance as volatility increases. According to fresh data from Alphractal , a notable divergence is forming between whale and retail behavior. The Whale vs. Retail Ratio, which measures the positioning of large investors compared to smaller ones, has started to climb. This signals that whales are going long once again, while retail participants remain risk-averse. Historically, spikes in this ratio have preceded major price rallies, as whales often accumulate ahead of broader market shifts. “Risk appetite is back,” Alphractal notes — a potentially bullish signal amid current bearish sentiment. This quiet accumulation from large players could lay the foundation for a strong move if macro conditions align and BTC holds key support. As the market looks for direction, whale confidence could be the catalyst that tips the scale. Bitcoin Consolidates Above Key Support Level Bitcoin (BTC) continues to consolidate just above the crucial $103,600 support level, after briefly dipping below this line during recent market volatility. The daily chart shows BTC currently trading at $104,341, forming a potential higher low structure that could support a recovery if demand sustains. Price action remains squeezed between the 34-day exponential moving average (EMA) at $103,256 and overhead resistance at $109,300, which marks the most recent local top. Holding above the 50-day simple moving average (SMA), currently at $101,026, is crucial for preserving the broader uptrend. Volume has decreased slightly, suggesting a cooldown in momentum following the sharp 5% pullback earlier in the week. This low-volume environment could open the door for larger players to accumulate before another breakout attempt. The market is now waiting to see if bulls can push BTC back toward the $108,000-$109,000 resistance zone to test for a possible retake of the all-time high. A breakdown below $103,600 would signal weakness and likely drive BTC toward the 100-day SMA near $92,600. For now, Bitcoin is holding strong, but any major macro developments or shifts in sentiment will determine whether the current consolidation becomes a launchpad or a reversal. Featured image from Dall-E, chart from TradingView
One of the reasons that the altcoin season seemed to not have begun until now is the fact that Bitcoin has dominated the market recovery, and thus, the BTC dominance remains very high. For the altcoin season to actually begin, past market performances show that there needs to be a major decline in the Bitcoin dominance. This is the ultimate trigger the market needs to confirm that altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall To 62% The Bitcoin dominance is still trending at a high 64%, and this continues to be a thorn in the side of altcoins. With the dominance this high, the Bitcoin price continues to dictate where the market goes and has seen altcoins suffer crashes as a result of even the tiniest movement triggering a decline in prices. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed out an interesting formation in the chart, which is a 7-wave crashing pattern. This pattern has been completed, and this signals a possible drop in the Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was when the dominance hit a peak of 64.6% before declining back down toward 64%. This pattern suggests that the Bitcoin dominance could possibly drop to 62%, which would be good news for those waiting for the altcoin season. The last time that the dominance was this low was back on May 14, and altcoins had rallied hard as a result. For this decline to be completed, the crypto analyst reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once this support is broken, a sharp drop toward 62% is expected from here. As the analyst explains, “real momentum kicks in under 62%,” and this is when altcoin season moves with full force. Altcoin Season Is Not Over The topic of a possible altcoin season is currently one of the most debated in the crypto community as market participants remain split on where it is in the cycle. Some have said there will be no altcoin season similar to what was seen in 2021, while others have maintained that it is still possible. Related Reading: Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2 One analyst on the X (formerly Twitter) platform has lent their voice, pushing the narrative that the altcoin season is far from over. For a 2021-style altcoin season to happen, though, the crypto analyst says the altcoin market, which excludes the top 10 cryptos by market cap, must break above the $470 billion resistance like it did in previous cycles. Once this happens, then they expect the altcoin season to begin. Featured image from Dall.E, chart from TradingView.com