Author: News Room

Cookie is currently retesting a pivotal support level with strong technical confluence. Despite declining volume, the bullish structure remains intact—raising the odds of a potential rally toward $0.30. Cookie (COOKIE) is trading at a decisive technical level that could determine its next major move. What was once firm resistance has now flipped into support, providing a potential foundation for bullish continuation. This zone aligns with both the 200 moving average and the 0.618 Fibonacci retracement, making it a critical test of market strength. Key technical points: Support Flip: Previous resistance has now flipped to support, showing early signs of validation.Technical…

China has announced plans to sell seized digital assets through licensed exchanges in Hong Kong. The initiative is in collaboration with the China Beijing Equity Exchange (CBEX) to manage digital assets seized in criminal cases. In line with this, CBEX will engage third-party agencies to help sell the assets on regulated exchanges. According to reports, the digital assets seized from criminal proceeds will be converted into yuan and deposited into designated accounts. This is the first time a mainland Chinese agency will be carrying out a process to dispose of seized digital assets. This development is possible because Hong Kong…

US President Donald Trump has reignited discussions about replacing Federal Reserve (Fed) Chair Jerome Powell. This has sparked waves across traditional and crypto markets, with Bitcoin poised to reclaim $105,000. The implications are significant, extending beyond monetary policy to the trajectory of Bitcoin, altcoins, and macro risk sentiment globally. Trump’s Phantom Fed Chair Plan Shakes Markets On June 6, Trump stated that his pick for the next Fed Chair is “coming out very soon,” even though Powell’s term does not officially end until May 2026. The move would amount to a political earthquake in monetary policy circles, with Trump preparing…

Key points:Bitcoin (BTC) passed $104,000 at the June 6 Wall Street open as strong US labor market data contrasted with fresh calls for interest-rate cuts.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin edges higher as Trump moves to FedData from Cointelegraph Markets Pro and TradingView showed BTC/USD up 2.5% on the day.Having recovered from snap losses over the ongoing spat between US President Donald Trump and SpaceX CEO Elon Musk, markets digested fresh inflation cues as Trump turned his attention to the Federal Reserve.Source: Truth Social“‘Too Late’ at the Fed is a disaster!” he wrote in part of the day’s posts on Truth…

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 […] Read the full article here

Highlights Bitcoin price fell 5.2% to a low of $100,345 yesterday due to leveraged trade liquidations and geopolitical tensions. Whale James Wynn had long positions worth $16.14 million liquidated, closing all running positions. Despite the downturn, on June 6th, Bitcoin showed a 3% rise, as trade talks between the U.S. and China are set to resume. The crypto market crash gained steam overnight as its top crypto, “Bitcoin price,” fell 5.2% to a low of $100,345. This fall was seen due to the liquidation of leveraged trades, geopolitics, and the Elon Musk-Donald Trump feud. Keep reading, as this article will…

The Shiba Inu team has released a new upgrade for both Puppynet (Shibarium’s testnet) and Shibarium mainnet nodes. The alert, shared by Shiba Inu-focused X community account “Shibarium updates,” urges node operators to take urgent action by following official documentation and implementing the new updates. 🚨 Update Alert 🚨Both Puppynet and Shibarium nodes have been updated.If you’re running a node, please follow the official documentation and apply the necessary updates as soon as possible.Thank you for your continued support! — Shibarium Updates 📢 (@Shibizens) June 6, 2025 In May, it was made known that MetaMask Support would roll out a…

Binance Research highlighted several major developments that suggest that crypto is breaking into mainstream finance. Crypto is no longer on the fringes of the financial world. On Friday, June 6, Binance Research released its weekly report, emphasizing that crypto is becoming increasingly integrated with traditional finance. Still, it noted that crypto was among the hardest-hit market segments last week, largely due to political turmoil. Both Bitcoin (BTC) and Ethereum (ETH) entered negative territory this week, weighed down by the public split between Donald Trump and Elon Musk. Their public arguments have significant implications for crypto, as Musk has been a…

Solana (SOL) recently experienced a sharp decline, dropping from $176 to $141 in just eight days. After this significant downturn, many traders hoped for a recovery.  However, the altcoin’s path to regaining lost ground now faces challenges, mainly due to a shift in investor behavior that could slow down or prevent further price gains. Solana Investors Are Selling Long-Term Holders (LTHs) have shifted from being staunch buyers to becoming sellers. Outflows from LTH wallets have recently surged to a two-month high, a move that hasn’t been seen in the past month. This change in behavior signals a significant shift in…

Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale. In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed during the Terra ecosystem collapse. “This is the story of how I made three million dollars and lost it,” Mann sings. “And how I owed the IRS more money than I made in 10 previous years.” Source: Jonathan MannMusician owed $1.1 million in taxes on NFT salesMann…