U.S. Vice President J.D. Vance emphasized Bitcoin’s strategic role in U.S. policy and warned the crypto community to stay politically engaged or risk being ignored. Speaking at the Bitcoin 2025 conference in Las Vegas, Vice President J.D. Vance urged the…

Vance: Bitcoin needs political support to stay protected

The SEC’s Division of Corporation Finance has clarified that defined protocol 
staking on proof-of-stake networks does not constitute a securities offering 
under federal law. SEC Staff Clarifies Protocol Staking Not a Security for 
Covered Crypto Assets on PoS Network The U.S. Securities and Exchange 
Commission’s Division of Corporation Finance issued a detailed public 
statement on […]

SEC Staff: Some Staking Activities Are Not Securities

Ethereum price started a fresh decline from the $2,780 resistance zone. ETH is 
now trading below $2,650 and might continue to move down. Ethereum started a 
downside correction below the $2,700 level. The price is trading below $2,650 
and the 100-hourly Simple Moving Average. There was a break below a key 
bullish trend line forming with support at $2,625 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could extend losses if it trades 
below the $2,550 support zone in the near term. Ethereum Price Dips Again 
Ethereum price started a fresh increase from the $2,550 support zone, beating 
Bitcoin. ETH price was able to recover above the $2,650 and $2,750 resistance 
levels before the bears appeared. A high was formed at $2,787 and the price is 
now correcting gains. There was a move below the $2,700 support level. The 
price dipped below the 50% Fib retracement level of the upward move from the 
$2,463 swing low to the $2,787 high. Ethereum price is now trading below 
$2,650 and the 100-hourly Simple Moving Average. Besides, there was a break 
below a key bullish trend line forming with support at $2,625 on the hourly 
chart of ETH/USD. On the upside, the price could face resistance near the 
$2,625 level. The next key resistance is near the $2,650 level. The first 
major resistance is near the $2,720 level. A clear move above the $2,720 
resistance might send the price toward the $2,780 resistance. An upside break 
above the $2,780 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $2,880 resistance zone or even 
$2,950 in the near term. More Losses In ETH? If Ethereum fails to clear the 
$2,650 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,600 level. The first major support sits near the 
$2,550 zone. It is close to the 76.4% Fib retracement level of the upward move 
from the $2,463 swing low to the $2,787 high. A clear move below the $2,550 
support might push the price toward the $2,500 support. Any more losses might 
send the price toward the $2,440 support level in the near term. The next key 
support sits at $2,400. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now below the 50 zone. Major Support Level – $2,550 Major 
Resistance Level – $2,650

Ethereum Price Faces Mild Correction — Support Levels in Focus

Data shows the Toncoin (TON) Open Interest has registered a spike in the past 
day. Here&#8217;s what could happen next, according to historical trends. Toncoin 
Open Interest Has Hit Its Highest Since February In a new post on X, the on- 
chain analytics firm Glassnode has talked about the latest trend in the Open 
Interest for Toncoin. The &#8220;Open Interest&#8221; here refers to a metric that keeps 
track of the total amount of perpetual futures positions related to TON (in 
USD) that are currently open on all derivatives platforms. When the value of 
this metric rises, it means the investors are opening up more positions 
related to the asset on the market. Generally, the total leverage in the 
sector goes up when new positions appear, so this kind of trend can lead to 
higher volatility for the cryptocurrency&#8217;s price. Related Reading: Shiba Inu 
Trapped Inside Triangle: 17% Move Incoming? On the other hand, the indicator 
going down suggests that investors are closing their own positions voluntarily 
or being forcibly liquidated by their exchange. Either way, the asset can 
behave in a more stable manner following such a trend due to the drop in 
leverage. Now, here is the chart shared by the analytics firm that shows the 
trend in the Toncoin Open Interest over the last few months: As displayed in 
the above graph, the Toncoin Open Interest has just seen a very sharp spike, a 
sign that traders have opened up a large number of futures positions. More 
specifically, the metric&#8217;s value has gone up from $143 million to $190 million 
over the last 24 hours. From the chart, it&#8217;s visible that this quick 33% jump 
initially came as the coin&#8217;s price witnessed a rapid increase, but 
interestingly, it maintained its upward trajectory even as the asset saw a 
pullback. &#8220;Past spikes like this have often preceded corrections &#8211; worth 
watching closely,&#8221; notes Glassnode. The last time the Toncoin Open Interest 
formed this pattern was at the end of March/start of April. What followed back 
then was a price drawdown of about 32%. Related Reading: Ethereum May Be One 
Dip Away From Mass Losses—Data Warns TON isn&#8217;t the only digital asset that has 
seen an uptick in speculation recently. As the analytics firm has pointed out 
in its latest weekly report, Bitcoin has also been observing a major rise in 
its Open Interest. As is visible in the chart, the Bitcoin Open Interest fell 
to a low of $36.8 billion in April as the cryptocurrency&#8217;s price itself went 
down. Since then, however, the indicator has shot up by 51% alongside the bull 
rally, reaching the $55.6 billion mark. The report explains that this suggests 
&#8220;a build up of leverage is underway.&#8221; TON Price At the time of writing, 
Toncoin is trading around $3.34, up more than 11% in the last 24 hours. 
Featured image from iStock.com, Glassnode.com, chart from TradingView.com

Toncoin Open Interest Spikes 33%—Will History Repeat With A Pullback?

Coinbase&#8217;s expansion into 24/7 altcoin futures trading could significantly 
boost US market participation and reshape global crypto trading dynamics.
The post Coinbase to launch 24/7 XRP and Solana futures trading on June 13 as 
derivatives trade heats up appeared first on Crypto Briefing.

Coinbase to launch 24/7 XRP and Solana futures trading on June 13 as derivatives trade heats up

OFAC claims Funnull Technology purchased a code repository used by web 
developers and altered it to redirect legitimate websites to scam websites.