BTC’s rising wedge points to a possible drop toward $70,000 as Strategy pauses 
buying and inflation cools Fed rate-cut hopes.

Bitcoin price may dip toward $70K as Fed estimates hotter inflation print

The incident exacerbates geopolitical tensions, impacting global oil prices 
and crypto markets, while increasing scrutiny on crypto transactions.
The post Iran strikes tanker off Doha as Qatari ship breaks Hormuz blockade, 
triggering crypto scam wave and oil price surge appeared first on Crypto 
Briefing.

Iran strikes tanker off Doha as Qatari ship breaks Hormuz blockade, triggering crypto scam wave and oil price surge

Bitcoin&#8217;s vulnerability to inflation and rate hikes highlights broader 
economic uncertainties, potentially affecting investor confidence and market 
stability.
The post Bitcoin faces pressure as Fed forecasts hotter inflation, potential 
rate hikes appeared first on Crypto Briefing.

Bitcoin faces pressure as Fed forecasts hotter inflation, potential rate hikes

South Korean crypto holdings fell from $83 billion to $41 billion in just over 
a year as investors shifted to stocks.

South Korea crypto holdings halve in a year as investors turn to stock market

UFC&#8217;s strategic embrace of reality TV and technology transformed it from near 
bankruptcy to a global powerhouse.
The post Dana White: Reality TV transformed UFC&#8217;s public image, authenticity builds a loyal fanbase, and cost management drives revenue growth | David Senra appeared first on Crypto Briefing.

Dana White: Reality TV transformed UFC’s public image, authenticity builds a loyal fanbase, and cost management drives revenue growth | David Senra

The opening days in May have been accompanied by a rise in Ethereum on-chain 
activity. In a recent post on X, a pseudonymous analyst Darkfost dives into 
the intricacies of this activity and its impact on price. Related Reading: 
Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows 
Binance Records Massive Ethereum Inflow According to Darkfost, the resurgence 
of activity on the Ethereum network corresponds with the sideways movement of 
the second-largest cryptocurrency, trading between $2,250 and $2,450. Further 
details of this recent activity surge show that Binance has seen multiple 
large hourly ETH inflow spikes since the beginning of May. The three largest 
of these Ethereum transfers to Binance were reported as follows: on May 6, 
about 216,152 ETH, worth approximately $511 million, was transferred to 
Binance. Although smaller in comparison, on May 8, 98,552 ETH valued at $224 
million also entered Binance. A larger number of transfers was also observed 
on May 9, totaling approximately $288 million. Interestingly, many of these 
inflows into Binance occurred while Ethereum was entering corrective phases. 
So, rather than reflecting calculative profit-taking among Ethereum’s 
investors, this suggests that Ethereum users are driven more by emotion. 
Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From 
Central Bank Rising Ether Reserves Could Signal Continued Consolidation In 
addition to its rising inflows, Ethereum’s reserves on Binance have also 
increased. Darkfost points out that about 3.62 million ETH are now held in 
reserves at the world’s largest exchange by trading volume; this figure 
accounts for approximately 24.6% of total Ethereum reserves across exchanges. 
Typically, growing reserves are viewed as a bearish or neutral signal because 
they imply more coins are available for potential selling. In contrast, 
declining reserves typically suggest that investors are withdrawing assets 
into private wallets for longer-term holding. Hence, the increase in Binance- 
held ETH may explain why Ethereum has remained trapped in a consolidation 
pattern despite periodic attempts at bullish momentum. Darkfost explains that 
this could be a sign of short-term instability among Ethereum’s large holders, 
which has played a major role in limiting its attempts to establish higher 
price grounds over the past weeks. Looking at the broader picture, Ethereum 
shows no real intent to break out of this consolidation. If reserve growth 
begins to dwindle and price strength improves, bullish sentiment around 
Ethereum could be restored. As of this writing, Ethereum is worth 
approximately $2,329, recording a measly 0.6% growth since the past 24 hours. 
Featured image from Freepik, chart from Tradingview

Bitcoin price may dip toward $70K as Fed estimates hotter inflation print

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