TRUMP ADMINISTRATION APPEALS FEDERAL COURT DECISION BLOCKING TARIFFS: RTRS
Market's resolution point has been reached ahead of potential cross and retrace
A crypto strategist thinks that altcoins are about to upstage Bitcoin ( BTC ) after years of languishing in the background. Analyst Michaël van de Poppe tells his 789,100 followers on the social media platform X that he thinks the period of altcoin underperformance against Bitcoin is almost over based on the Bitcoin Dominance (BTC.D) chart. The BTC.D chart tracks how much of the crypto market cap belongs to BTC. A bearish BTC.D indicates that altcoins are outperforming Bitcoin. According to Van de Poppe, altcoins are now poised to outpace Bitcoin as the BTC.D chart is flashing a bearish reversal signal on the weekly chart. “The end of the bear market (yes, a bear market on altcoins underperforming Bitcoin) is still here. Strong bearish divergence on the Bitcoin dominance, implying we’re about to reverse and altcoins about to shine. Nothing has changed.” Source: Michaël van de Poppe/X At time of writing, BTC.D is hovering at 63.89%. Looking at Bitcoin, the trader thinks BTC will retest a key psychological area as support before rallying to fresh record-high levels. “I’m monitoring the current price action and I won’t be surprised if we’re seeing a slight correction happening on Bitcoin. Probably macro-driven or whatever reason, but I wouldn’t be surprised to build some more stamina before we continue the rally to $120,000-$130,000.” Source: Michaël van de Poppe/X At time of writing, Bitcoin is worth $109,112. As for Ethereum ( ETH ), the analyst says a correction toward the $2,000 price level would present a solid opportunity for long-term investors. “Similarly, I think it’s vital that, if ETH drops beneath $2,400, that will give a tremendous opportunity. Ethereum rallied from $1,800 to $2,700 in a few days. If there’s a 10-20% correction, pretty normal, great opportunity to get yourself positioned into it.” Source: Michaël van de Poppe/X At time of writing, ETH is worth $2,663. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘End of Bear Market’ – Analyst Says Altcoins About To Shine, Updates Forecast on Bitcoin and Ethereum appeared first on The Daily Hodl .
This big bet revives institutional momentum as BTC eyes thinly traded zones.
BitcoinWorld Exciting Move: Bergen County Puts Property Deeds on Avalanche Blockchain Get ready for a significant shift in how property records are managed! Bergen County, the most populous county in New Jersey, is making waves by embracing blockchain technology . This isn’t just a small pilot; it’s a major initiative set to transform how hundreds of thousands of property deeds are stored and accessed. What Exactly is Happening with Bergen County Blockchain? Bergen County has partnered with Balcony, a firm specializing in land records on the blockchain. The ambitious plan is to migrate 370,000 property deeds onto the Avalanche blockchain network. To put that into perspective, these deeds represent a staggering $240 billion worth of real estate. This move, as reported by CoinDesk, positions Bergen County as a potential leader in integrating distributed ledger technology into government functions. This project aims to take traditional paper or centralized digital records and place them onto an immutable, transparent, and secure ledger. It’s a step that could have far-reaching implications for property ownership and management in the region. Why Move Property Deeds to the Blockchain? The traditional system for managing property deeds and land records can be complex, slow, and prone to errors or potential fraud. Think about the lengthy process of buying or selling a home, involving title searches, escrow, and significant paperwork. By moving property deeds blockchain , Bergen County is looking to leverage the inherent advantages of this technology: Enhanced Security: Blockchain records are cryptographically secured and extremely difficult to alter once entered. This provides a high level of integrity for official documents like property deeds. Increased Transparency: While specific personal data might be kept off-chain or encrypted, the transaction history and the existence of a deed can be publicly verifiable on the blockchain ledger (depending on the specific implementation). Improved Efficiency: Automating certain processes related to record-keeping and verification could significantly speed up transactions and reduce administrative overhead for the county and residents. Reduced Fraud: The immutable nature of blockchain makes it much harder to forge or tamper with property records. This initiative represents a forward-thinking approach to modernizing essential government services and potentially setting a precedent for other municipalities. How Does Real Estate Blockchain Work in Practice? Putting real estate blockchain isn’t about owning your house with an NFT (at least, not yet!). In this context, it’s about using the blockchain as a secure, shared database for official records. Here’s a simplified view: When a property transaction occurs (sale, transfer, mortgage), the official deed information is digitized. This digital record (or a unique identifier/hash of the record) is then securely anchored onto the blockchain ledger via Balcony’s platform. Each entry is timestamped and linked to the previous one, creating an unbroken, verifiable chain. Anyone with access to the network can verify the existence and history of the record without needing to trust a single central authority (though the county remains the official source). The choice of the Avalanche blockchain is also notable. Avalanche is known for its speed, scalability, and relatively low transaction costs compared to some other networks, making it a suitable choice for handling a large volume of records and potential future activity. What Are the Potential Benefits for Residents and the County? This move isn’t just a technical upgrade; it has practical benefits: For Residents: Potentially faster and more transparent property transactions. Increased confidence in the security and accuracy of official property records. For Bergen County: Streamlined administrative processes, reduced costs associated with managing physical or legacy digital records, enhanced security against data breaches or tampering, and improved public access to non-sensitive record information. For the Real Estate Industry: Could pave the way for faster title searches, more efficient closing processes, and potentially new ways of managing property-related data. This project serves as a tangible example of how blockchain technology can move beyond cryptocurrency speculation and be applied to real-world governmental and administrative functions. Are There Challenges to Implementing Property Deeds on Blockchain? While the benefits are clear, transitioning to a property deeds blockchain system isn’t without its hurdles: Legal Framework: Does state law recognize a blockchain record as the official, legal deed? This often requires updates to existing statutes. Integration Complexity: Connecting the new blockchain system with existing county databases and workflows can be technically challenging. Data Privacy: Ensuring sensitive personal information is handled according to privacy regulations while still leveraging the transparency of blockchain. Adoption and Education: County staff, real estate professionals, and the public need to understand how the new system works. Long-term Maintenance: Ensuring the blockchain infrastructure remains secure and accessible for decades to come. Bergen County and Balcony will need to navigate these challenges carefully to ensure a successful and compliant implementation. What Does This Mean for the Future of Real Estate and Government Records? The Bergen County initiative could be a significant case study. If successful, it could inspire other counties and states to explore similar applications of real estate blockchain . Imagine a future where property records across the country are easily verifiable and securely stored on distributed ledgers, drastically simplifying interstate transactions and reducing administrative burdens. This project highlights a growing trend: governments exploring blockchain for various uses, from supply chain tracking to digital identity and now, land records. The choice of the Avalanche blockchain for such a large-scale governmental use case also underscores the increasing maturity and adoption of specific blockchain networks for enterprise and public sector applications. Conclusion: A Bold Step Forward Bergen County’s decision to place 370,000 property deeds representing $240 billion onto the Avalanche blockchain is a bold and potentially transformative step. It demonstrates a willingness to embrace innovative blockchain technology to improve efficiency, security, and transparency in a critical government function. While challenges remain, the potential benefits for residents, the county, and the broader real estate sector are substantial. This project is a compelling example of how blockchain can move from theoretical potential to practical application in the public sector, setting a precedent for the future of digital record-keeping. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain technology institutional adoption. This post Exciting Move: Bergen County Puts Property Deeds on Avalanche Blockchain first appeared on BitcoinWorld and is written by Editorial Team
Scientists are exploring whether quantum mechanics can confirm the existence of free will, a concept deeply embedded in Western philosophy.
This week's crypto highlights showcase rising momentum as key digital currencies face pivotal moments. Injective enters a critical juncture close to a challenging point, while Pyth Network garners increasing support. Meanwhile, AAVE stages an impressive recovery. Discover which coins are showing strong potential and could be poised for significant gains. Injective Price Rally: Key Resistance and Support Levels in Focus Last month INJ saw a sharp surge with a 56.24% gain and a one-week jump of 24.62%, contrasting with a challenging half-year decline of 48.58%. The coin experienced significant volatility with rapid gains emerging after an extended period of price weakness. Recent performance highlights a quick rebound even as past trends displayed deep losses, marking a transition from bearish long-term sentiment to renewed short-term enthusiasm. The current price trades between $7.15 and $11.35, with key levels forming around $13.05 as resistance and $4.64 as support. Bulls show strength in the rising momentum, while an RSI reading of 68.18 hints at caution. Trading within these levels by buying near support and aiming for resistance could present a balanced approach. Upward Momentum Amid Recent Volatility in Pyth Network PYTH weekly gains of 9.79% contrast with a monthly drop of 8.61% and a steep 70.70% decline over the past six months, indicating a choppy ride. Price fluctuations between 11 and 18 cents highlight the coin’s volatile performance during this period. Current price boundaries suggest that recent gains may be short-lived compared to longer-term downward pressure. Price now trades between $0.11 and $0.18 with immediate resistance at $0.20 and support at $0.08. Bears hold sway as key indicators show negative momentum and oscillators, while a slight weekly uplift hints at brief bullish patches. Trading within these levels may offer opportunities for short-term reversals before testing higher resistance or deeper support levels. Aave Shows Steady Momentum and Potential for Further Gains Past month AAVE growth of 63.30% and a six-month gain of 35.87% show steady strength and positive moves. The rising momentum reflects consistent value, with manageable corrections indicating strong interest from investors. These positive trends suggest a growing confidence in Aave's market position over recent weeks. The price trades near a range from $125.84 to $191.06, with support at $87.37 and resistance at $217.80. Bulls have pushed the coin upward, though caution is suggested as indicators point to overbought conditions. Trading strategies might involve watching for a clear break of key levels while considering entry points on minor pullbacks. Conclusion INJ is nearing resistance levels, showing potential for bullish momentum. PYTH is gaining traction and strengthening its position. AAVE has experienced a sharp rebound, indicating a possible upward trend. Each of these coins displays distinct movements, highlighting the dynamic nature of the crypto market. 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.
President Donald Trump sought to counter an emerging criticism of his on-again, off-again tariff threats, which has been dismissively described as the “TACO trade.” Based on his argument, the tariffs were applied as a wise negotiation approach. TACO trade , which stands for “Trump Always Chickens Out,” refers to a pattern in which the president announces the imposition of heavy new tariffs, the markets then suffer a significant decline in a short time, and, later, he pauses the tariffs or makes them less severe, causing the market to recover after declining. Reporters asked Trump about the term at the White House. In response, he denied ever backing down, adding that his actions had put the US in a better position in trading discussions. Trump claims the EU accused him of backing down after making a “reasonable” deal with them The European Union is an example of those subjected to Trump’s tariff. EU had just been hit with a 50% US tariff before Trump highlighted two days later that he was hitting a delay button on his new levy. In his comments, the president credited the threat of a 50% tariff as a smart strategy for moving trade talks between the US and the EU. This was after he claimed that after he did what he did, the EU said that they would meet anytime he wanted. Afterward, the president asked, “Do you really think that’s backing down?” “It’s actually called negotiation,” he added after labeling the question “mean.” Trump further stated that it was unfortunate that they said he was backing down when he finally made a more “reasonable” deal with them. He remarked, “That’s just unbelievable.” To demonstrate the TACO trade effect on the EU market, stocks dropped after Trump suggested that the US should impose a high tariff on the EU starting June 1. Later, he announced he would push that deadline back to July 9 at the request of European Commission President Ursula von der Leyen. Following the pause on the tariffs policy, stocks bounced back across major indexes when trade resumed. Trump’s Cabinet members describe his tariffs as a wise negotiation approach Trump’s Cabinet members have greatly supported his tariff policy. Last month, Trump administration officials defended the president’s wide-ranging tariffs that have created chaos on the stock market and fears of a recession, arguing that the import taxes were already forcing dozens of countries to negotiate. They told Americans not to panic as conservatives and liberals raised questions and criticism of tariffs with increasing vigor. Based on Agriculture Secretary Brooke Rollins’s claims, fifty countries contacted the White House to talk with the President due to the trade tariffs. Furthermore, White House senior counselor Peter Navarro urged everyone not to worry, and Treasury Secretary Scott Bessent rejected forecasts from economists and banks that suggested a recession was coming. The full-court press from cabinet members and advisers came as the administration faced intense pressure to walk back the tariffs, which prompted the largest loss in American stock market wealth since the panicked sell-off as COVID-19 spread in March 2020. Despite the strong support from his Cabinet members, several conservatives are increasingly vocal in opposing Trump’s actions, including an influential legal nonprofit backed by conservatives that is suing Trump over the tariffs, and some Republicans in both the House and the Senate are planning to try to stop the tariffs via legislation. KEY Difference Wire helps crypto brands break through and dominate headlines fast
The cryptocurrency landscape is poised for significant insights as the U.S. Securities and Exchange Commission (SEC) gears up for its **June 9 roundtable**, entitled **”DeFi and the American Spirit.”** This
BitcoinWorld Controversial Claims: Sunil Kavuri Alleges James Wynn’s Trading Mirrors Alameda Research In the ever-evolving and often dramatic world of cryptocurrency, allegations and scrutiny are never far away, especially in the wake of major industry events like the collapse of FTX. Recently, a significant claim has emerged from Sunil Kavuri , a prominent representative for FTX creditors, drawing a potentially controversial parallel between the trading activities of a well-known Crypto Whale and the infamous strategies of Alameda Research. What Are the Allegations Against James Wynn? The core of the recent stir comes from Sunil Kavuri , who took to the social media platform X (formerly Twitter) to voice his observations. Kavuri specifically pointed towards the trading behavior of James Wynn , a figure recognized within the crypto community, particularly on platforms like Hyperliquid, for executing large trades. Kavuri’s assertion is that Wynn’s trading patterns bear a striking resemblance to the methods employed by Alameda Research , the sister company to the now-defunct FTX exchange. This comparison is highly significant because Alameda Research was at the heart of the FTX collapse, known for its aggressive trading strategies, privileged access to FTX resources, and accusations of market manipulation. The allegations are not just based on observed trading style. Kavuri’s claims are bolstered by past reports suggesting a direct financial link between Wynn and Alameda. According to previous reporting, James Wynn reportedly received payments from Alameda Research as far back as December 2020. While the nature or purpose of these payments hasn’t been explicitly detailed in the recent claims, their existence raises questions about potential prior connections or arrangements. The focus on Wynn’s trading isn’t new. Data analysis firm Lookonchain previously highlighted Wynn’s remarkable, albeit volatile, performance. They reported that Wynn managed to accumulate over $87 million in profits within a concentrated period of just 70 days. However, this period of immense gains was followed by a precipitous decline, with Wynn reportedly losing nearly all of those profits within a mere five days. This kind of rapid, high-stakes profit and loss cycle is precisely the type of volatile trading often associated with the leveraged and aggressive strategies that characterized Alameda Research . For FTX Creditors , any potential link or resemblance to Alameda’s operations is a sensitive point. These creditors are still navigating the complex process of recovering funds lost in the FTX collapse, a collapse largely attributed to the intertwined and allegedly improper relationship between FTX and Alameda Research. Therefore, any suggestion that entities or individuals may have benefited from or mimicked Alameda’s potentially problematic strategies attracts significant attention and concern from those seeking restitution. Why Does an Alameda Research Comparison Matter? Understanding why the comparison to Alameda Research is so potent requires a look back at what Alameda was and how it operated. Alameda was not just a typical trading firm; it was intrinsically linked to FTX, the exchange founded by the same individual, Sam Bankman-Fried. This relationship allegedly afforded Alameda significant advantages, including: Preferential Execution: Some reports and legal filings suggest Alameda had faster access to market data and execution speeds on FTX compared to regular users. Unlimited Credit Line: Crucially, Alameda allegedly had access to a massive, unchecked line of credit from FTX customer funds, allowing it to take on enormous risks without facing margin calls like other traders. Market Making & Liquidity Provision: While providing a legitimate service, their position also gave them deep insight into order books and market dynamics on FTX. Aggressive & Leveraged Trading: Alameda was known for using high leverage, making large directional bets, and engaging in complex trading strategies across various assets. The collapse revealed that the lines between FTX customer funds and Alameda’s balance sheet were blurred, leading to a multi-billion dollar shortfall when Alameda’s risky bets went south. Therefore, when Sunil Kavuri or others suggest that a trader’s style resembles Alameda’s, it implicitly raises questions about: Whether similar high-risk, high-leverage strategies are being employed. Whether the trader might have had access to unique information or advantages. The potential impact of such large-scale, volatile trading on market stability. For FTX Creditors , it could also stir concerns about whether past activities involving Alameda and other parties contributed to the overall financial picture that led to the exchange’s downfall. Who is Sunil Kavuri and Why Are His Claims Significant? Sunil Kavuri is not just a casual observer; he is a vocal and active representative for the interests of FTX Creditors . As part of the official committee representing unsecured creditors in the FTX bankruptcy proceedings, Kavuri has been deeply involved in the process of understanding what happened, identifying assets, and advocating for the recovery of funds. His role gives his statements a certain weight, as they come from someone directly engaged in scrutinizing the aftermath of the FTX collapse. Kavuri has been particularly critical of various aspects of the bankruptcy process and has actively sought transparency and accountability regarding the handling of assets and the actions of parties involved with FTX and Alameda. His public statements often aim to shed light on potential issues or connections that he believes are relevant to the creditors’ ability to recover their losses. When Sunil Kavuri makes a claim connecting a current significant trader like James Wynn to the methods of Alameda Research , it’s significant because: It highlights the ongoing scrutiny of individuals and entities who may have had dealings with Alameda or FTX prior to the collapse. It suggests that the trading patterns observed by large players in the market are being watched and analyzed for potential red flags. It underscores the concerns of FTX Creditors that the full picture of Alameda’s activities and its relationships with other market participants has yet to be fully revealed. Kavuri’s position allows him access to information and a platform to raise concerns that resonate with the thousands of individuals and institutions who lost funds on FTX. Examining James Wynn’s Trading Activity: What Does the Data Show? The Lookonchain report provides a concrete example of the kind of volatile trading that has drawn attention to James Wynn . Earning $87 million in profits in 70 days is an extraordinary feat, indicative of highly successful, large-scale, and likely leveraged positions. However, losing nearly all of it in just five days is equally remarkable and speaks to the extreme risk involved. This boom-and-bust cycle, while possible for any high-leverage trader, aligns with the kind of outcomes that characterized Alameda’s performance at times. Alameda was known for making massive, sometimes ill-fated, bets that could result in huge swings in their balance sheet. The sheer scale of Wynn’s reported profits and subsequent losses is what makes the comparison to Alameda’s trading style pertinent. Here’s a simplified look at the reported data: Trader Period Reported Profit/Loss Notes James Wynn 70 Days +$87,000,000+ Rapid accumulation of gains James Wynn Following 5 Days ~-$87,000,000 Near total loss of recent gains This table illustrates the extreme volatility. While we don’t have direct, detailed comparisons of specific trade types or strategies used by Wynn versus documented Alameda trades, the overall pattern of massive, rapid swings in capital is a shared characteristic that fuels the comparison made by Sunil Kavuri . It’s important to note that publicly available data on trading performance, like that provided by Lookonchain, often focuses on realized profits and losses on specific addresses or tracked entities. A complete picture of a trader’s strategy would require much more detailed information, including their use of leverage, specific instruments traded (perpetuals, options, spot), entry and exit points, and risk management techniques (or lack thereof). Are These Allegations Actionable? Challenges and Implications While Sunil Kavuri ‘s claims connecting James Wynn ‘s trading to Alameda Research methods are significant within the community, proving a direct, improper link or actionable wrongdoing based solely on trading style and past payments presents challenges. Here are some points to consider: Proving “Trading Style”: Trading styles can resemble each other without implying collusion or improper advantage. Many large traders use similar high-leverage, high-frequency techniques, especially in volatile markets. Nature of Past Payments: The reported payments from Alameda to Wynn in 2020 would need further investigation. Were they for services rendered (e.g., market making, consulting), investments, or something else? The context is crucial. Lack of Direct Evidence (Publicly): Kavuri’s statement is an observation and a claim. Proving it in a legal or regulatory sense would require concrete evidence of coordinated activity, shared information, or specific instances of market manipulation linked to the alleged connection. Regulatory Interest: Claims like these, especially involving large traders and comparisons to entities involved in a major collapse, could potentially attract the attention of regulatory bodies interested in market integrity and past dealings related to FTX and Alameda. Impact on FTX Creditors: For FTX Creditors , uncovering any assets or past transactions that could potentially be clawed back or that shed light on the collapse is paramount. If there were any improper dealings between Alameda and other parties, identifying them is key to the recovery process. The implications of these allegations extend beyond just Wynn and Alameda. They highlight the ongoing scrutiny of large players in the crypto market, the methods they employ, and their historical connections to now-collapsed entities. They also underscore the persistent efforts of FTX Creditors and their representatives like Sunil Kavuri to piece together the full story of the FTX/Alameda saga and maximize recovery. The crypto market is still grappling with the fallout from 2022, and transparency regarding the activities of major players and defunct firms remains a critical concern for restoring trust and ensuring market health. The allegations against James Wynn , while needing further substantiation, serve as a reminder that the past is still very much relevant to the present state and future regulation of the industry. Conclusion: The Ongoing Shadow of Alameda Research Sunil Kavuri ‘s claims linking James Wynn ‘s trading style to that of Alameda Research have injected a new point of discussion into the crypto community, particularly among those affected by the FTX collapse. The reported past payments from Alameda to Wynn and the documented volatility of Wynn’s trading performance, including rapid nine-figure swings, provide the basis for Kavuri’s comparison. While the resemblance in trading style and historical financial ties do not automatically prove improper conduct, they are sufficient to raise questions and warrant attention, especially from the perspective of FTX Creditors . The shadow of Alameda Research continues to loom large over the crypto space, and any suggestion of its methods or connections resurfacing or influencing current market dynamics is bound to be met with scrutiny. As the FTX bankruptcy proceedings continue and the market matures, transparency, data analysis, and the vigilance of representatives like Sunil Kavuri play a crucial role in understanding past events and potentially identifying ongoing risks or previously undisclosed relationships. The allegations against James Wynn are a stark reminder that the complex web of connections from the 2022 crypto downturn is still being untangled. To learn more about the latest developments concerning FTX creditors and the broader impact on crypto trading , explore our articles on key events shaping the future of the crypto market . This post Controversial Claims: Sunil Kavuri Alleges James Wynn’s Trading Mirrors Alameda Research first appeared on BitcoinWorld and is written by Editorial Team