Is Bitcoin price rally to $150K possible by year’s end?

Key takeaways: A 2021-style bearish divergence on the weekly chart points to a potential 50%+ correction toward $64,000. Peter Brandt warns Bitcoin must reclaim its parabolic trendline soon or risk ending its bull cycle before reaching the $150,000 target. Bitcoin’s (BTC) surge to a record $112,000 sparked renewed hopes for a $150,000 target by year-end,…

NFT artist relives ‘crypto tax nightmare’ in new song

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…

Singapore Kicking Out Unlicensed Firms is Part of Global Trend

Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry. The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out. To some in the industry,…

Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Files With SEC For Planned IPO

Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), signaling its intent to…

Singapore Kicking Out Unlicensed Firms is Part of Global Trend

Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry. The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out. To some in the industry,…

Spot Ether ETFs ongoing inflow streak has hit $812.2M inflows

US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow…

Singapore Kicking Out Unlicensed Firms is Part of Global Trend

Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry. The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out. To some in the industry,…

Solana rally capped by SOL token unlock and memecoin decline

Key takeaways: Solana’s native token, SOL (SOL), dropped 10% following a sharp rejection at the $185 level on May 23. The current $167 mark is the lowest in over a week, leading traders to question the reasons behind the recent decline and whether SOL might revisit the $142 support level. Despite the price drop, SOL…

Eric Trump says WLF will acquire a ‘substantial position’ in Trump coin

Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump memecoin following his endorsement of the token. Some users in the crypto community were surprised that Official Trump (TRUMP) didn’t see a stronger price reaction. “I am proud…

Bitcoiners say Elon Musk should buy Bitcoin to win Trump feud

The Bitcoin community is calling on Tesla CEO Elon Musk to stack Bitcoin as a way to gain the upper hand in his ongoing public feud with US President Donald Trump. “The best way for Elon to get back at Trump is by full porting Bitcoin,” crypto trader and analyst Will Clemente said in a…