Wrapped stETH (wstETH) is a currency that combines the flexibility of decentralized finance (DeFi) with the advantages of Ethereum staking. In this article we’ll discuss what is Wrapped stETH, how it works, what it is used for, and price history…

What is Wrapped stETH? Ethereum derivative explained

A Senate vote to advance a bill regulating stablecoins is being hailed as a 
pivotal moment for the cryptocurrency industry. Bitwise’s Matt Hougan Says 
GENIUS Act Lays Groundwork for Institutional Adoption Hougan’s latest analysis 
explained that the U.S. Senate voted 66–32 on Monday to move the Guaranteed 
Essential Neutral and Interoperable Uniform Stablecoins (GENIUS) Act […]

Bitwise CIO: Stablecoin Bill May Spark Multi-Year Crypto Bull Run

Shiba Inu (SHIB) printed a textbook-grade inverted head-and-shoulders on the 
daily chart this spring, and Tuesday’s session shows the pattern has now gone 
through the full breakout-and-retest sequence flagged by independent analyst 
Cantonese Cat (@cantonmeow). Shiba Inu Completes iH&amp;S Pattern The structure 
took shape over three distinct troughs: a left shoulder that bottomed just 
above $0.00001082 in mid-March, a head that wicked to about $0.00001030 in 
early-April, and a right shoulder that found support near $0.00001230 in the 
opening days of May. That sequence carved out an arc lasting more than two 
months, culminating in a decisive surge from May 8 that vaulted price through 
the neckline with a long, full-bodied green candle. Momentum on that breakout 
carried SHIB as high as the $0.00001765 region—its loftiest print since early- 
February—before profit-taking invited a classic “throwback.” Over the past 
sessions the token has slid back into the neckline zone, where bid interest 
has so far absorbed supply, validating the level as a fresh support zone 
between $0.00001400 and $0.00001470. The successful retest is the final 
criterion many technicians require before calling the pattern complete. 
Related Reading: Shiba Inu Marks Major Milestone Amid Market Rebound Toward 
$0.00002 Measured from the head’s extreme to the midpoint of the neckline, the 
vertical depth of the formation is roughly $0.0000037. Applying that distance 
to the breakout area confirms the local top at $0.00001765. Cantonese Cat 
summarised the setup succinctly: “SHIB daily – inverted H&amp;S brokeback pattern 
completed. Favors bullish continuation.” With the neckline now acting as a 
springboard, price action over the next few sessions will determine whether 
bulls can translate the technical victory into fresh upside follow-through or 
whether bears manage to drag the token back into the former trading range. 
Related Reading: Shiba Inu Could Erupt 500%—Analyst Sounds The Alarm SHIB 
Price Targets Upside targets can be found with the help of Fibonacci 
retracement levels. Anchoring the grid to last summer’s $0.00004569 high and 
the March swing low at $0.00001030 produces a 23.6 percent retracement at 
$0.00001865 which forms the second technical waypoint, only after the 200-day 
EMA at $0.00001603. Should buyers reclaim both lines on a closing basis, the 
roadmap points toward $0.00002382 (38.2 percent) and the midpoint level at 
$0.00002799, an area that also coincides with the lower margin of last 
December’s congestion zone. Beyond it, the golden-ratio mark at $0.00003217 
and the 78.6 percent retracement at $0.00003811 frame the penultimate 
obstacles before any renewed challenge of the macro peak. Conversely, failure 
to defend the neckline shelf near $0.00001430 would invalidate the bullish 
script and shift short-term risk back to the 50-day EMA around $0.00001399 and 
ultimately to the cycle floor at $0.00001030. Until that downside failsafe is 
breached, the Fibonacci grid argues that momentum remains skewed in favor of 
buyers pressing for a return into the high-teens and, potentially, the low- 
twenties in the weeks to follow. Featured image created with DALL.E, chart 
from TradingView.com

Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets

Dogecoin rose 8% on broader market momentum, as well as whale accumulation.

Why was Dogecoin up 8% on Wednesday?

Bitcoin&#8217;s rise amid fiscal instability highlights its growing role as a safe- 
haven asset, potentially reshaping global financial strategies.
The post Bitcoin inches closer to $110K amid global debt concerns and gold 
price surge appeared first on Crypto Briefing.

Bitcoin inches closer to $110K amid global debt concerns and gold price surge

Cardano is trading at $0.76 today, up 2.16%, as investor sentiment improves on 
the back of positive technical signals and as Bitcoin surges to all-time 
highs. After breaking through key resistance levels at $0.725 and $0.732, 
Cardano (ADA) is now…