MEXC chief operating officer Tracy Jin said the fraud was primarily caused by social engineering scams targeting new, uneducated users.

MEXC exchange detects 200% surge in fraudulent activity in Q1

Although the past 24 hours have been characterized by heavy selloffs, Bitcoin 
is still currently holding above the $100,000 level, trading around $103,700 
as of the time of writing. Notably, signs of exhaustion are also beginning to 
surface for Bitcoin, especially in the past 48 hours. While long-term 
indicators suggest a bullish continuation for the Bitcoin price, short-term 
models indicate a breakdown of bullish strength, particularly as the 
cryptocurrency approaches the critical $100,000 support zone. Related Reading: 
$10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare This 
sentiment is relayed by popular crypto analyst Willy Woo, who shared the good 
and bad news based on Bitcoin&#8217;s current technicals. Good News: A Bullish Long- 
Term Signal Still Intact According to Woo, one of the strongest long-term 
signals, the Bitcoin Risk Signal, is currently trending downwards. This drop 
indicates that buy-side liquidity is currently dominant in the long-term 
environment, setting the stage for another strong leg upward. The lower the 
risk reading, the safer it is to hold or accumulate Bitcoin, and this signal’s 
current decline shows a relatively low-risk environment for long-term 
investors. Woo noted that this long-term setup is intact, and with Bitcoin 
trading well above the psychological six-figure mark, the momentum is still in 
favor of the bulls in the long term. At the time of writing, the local risk 
model, as shown in the chart below, is currently in the mid-range, having 
declined from peak levels in early 2025, and is expected to continue trending 
downwards. In another analysis, Willy Woo noted the next significant move 
could push it above $114,000 and trigger liquidations of short positions. Bad 
News For Bitcoin Price Although the long-term picture is still favorable, the 
short-term models, including the Speculation and SOPR (Spent Output Profit 
Ratio) metrics, are flashing caution. Using this indicator, Woo noted that the 
strength of the rally from $75,000 to $112,000 has started to weaken, 
especially with flat capital inflow in the past three days. Keeping this in 
mind, Bitcoin&#8217;s price action this week is critical. &#8220;If we do not get follow 
through, then we will be up for another consolidation period,&#8221; the analyst 
said. If spot buying fails to pick up strongly in the coming week, which is 
the first week of June, especially with U.S. markets reopening after a long 
weekend, there will be a chance for a bearish pivot. The good and bad news can 
be summed up as follows: if buying pressure opens up quickly, Bitcoin could 
break above $114,000 and head toward the next major liquidity zone between 
$118,000 and $120,000. Failure to push higher could confirm bearish 
divergences and set the stage for another round of consolidation. Related 
Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ At the time 
of writing, Bitcoin is trading at 103,700, down by 1.5% and 3.9% in the past 
24 hours and seven days, respectively. Featured image from Unsplash, chart 
from TradingView

Bitcoin Price Trend Above $100,000: The Good News And The Bad News

XRP futures just hit turbo mode as Coinbase unleashes nonstop U.S. trading, 
igniting unprecedented access, speed, and firepower for institutions racing 
into crypto derivatives. New Round-the-Clock XRP Futures Trading on Coinbase 
Coinbase Institutional announced on May 29 via social media platform X that it 
will soon provide continuous access to XRP and solana ( SOL) […]

XRP Futures Go 24/7—Coinbase Enables Nonstop Institutional Access

Robert Kiyosaki hails bitcoin as the easiest way to get rich today, urging 
urgent action as hyperinflation looms and BTC’s explosive, scarce network 
gains unstoppable momentum. Robert Kiyosaki Reveals How Insanely Easy Bitcoin 
Has Made Getting Rich Today Robert Kiyosaki, author of the best-selling 
personal finance classic Rich Dad Poor Dad, has once again underscored […]

Robert Kiyosaki: Even 0.01 Bitcoin Could Make You Very Rich

Amid ongoing economic negotiations, Pakistan’s unprecedented plan to integrate 
bitcoin into its national strategy has sparked concern from the International 
Monetary Fund, which was not consulted on the initiative. The country declared 
the establishment of a national bitcoin reserve and a digital asset authority 
during the Bitcoin Vegas 2025 conference, unveiling plans to allocate 2,000 
[…]

IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

US President Donald Trump’s brief post on Truth Social on May 29 sparked a 
quick burst of excitement among crypto traders. Based on reports, some users 
saw a hidden reference to the Pepe meme coin (PEPE). Related Reading: $400K 
Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ In the next few hours, 
PEPE shot up by 5% but then fell back by 15%. Traders are now watching to see 
if this social push can do what Elon Musk once did for Dogecoin. Pepe Price 
Moves According to market data, PEPE’s price hit its upper resistance after 
the Trump post. A short surge brought a 5% gain. Then profit-taking and wider 
market pressure drove an 18% correction. The flip in momentum shows how fast 
things can change in meme-coin land. A small tweet or post can send prices 
soaring, but it only takes a bit of selling to push them down again. 🚨 Wait, 
what Trump just dropped a $PEPE pic on Truth Social 🚨 Is this a secret crypto 
endorsement or just trolling the internet? Either way the $PEPE rocket might 
just have a new co-pilot. What’s next a $PEPE rally or a Twitter melt down 
Stay tuned👀 pic.twitter.com/cu8RF7D55b — Josh Mair (@WizzOfCrypto) May 29, 
2025 On Drama &amp; Speculation Trump’s message saying he’s “on a mission from 
God” makes him sound like he has a special purpose, not just a political goal. 
The dark street scene and the words “nothing can stop what is coming” hint 
that something big is coming, even if he doesn’t explain it. This kind of talk 
can fire up his most loyal supporters &#8211; especially PEPE aficionados &#8211; because 
it feels dramatic and urgent. Chart Patterns In Focus Based on reports from 
chart watchers, PEPE appears to be forming a cup-and-handle pattern that began 
about five months ago. If the coin breaks above the handle, some say it could 
reach $0.000026—double its current level. Right now, the MACD line sits below 
the signal line after a recent death cross, hinting at a near-term downtrend. 
The RSI has dipped toward 52 and may cross below it soon, which could keep 
sellers in control. The 0.618 Fibonacci retracement level sits at $0.00001 and 
could act as a bounce point. If that level gives way, traders will look at 
$0.000008 as the next support. Tariff Ruling Adds Pressure Based on US Court 
of International Trade filings, the court reversed Trump’s tariff suspensions 
right around the same time that PEPE spiked. That move seems to have dampened 
the market’s risk-on mood. For many traders, broader trade news can be a 
bigger factor than any single tweet. If traders worry about tariffs and slower 
growth, they often sell off riskier assets like meme coins. That mix of social 
hype and market worry helped push PEPE down after its brief rally. Looking 
Ahead For Traders Based on this mix of social buzz and chart signals, it’ll 
take more than a hint in a post to keep PEPE climbing. If the coin can break 
above its current resistance by mid-June, $0.000026 seems to be the main 
target. But a falling MACD and RSI point toward more selling pressure first. 
Traders should watch the 0.618 level at $0.00001 for signs of a bounce. If 
that level breaks, they’ll likely aim for $0.000008 next. Related Reading: No 
Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script 
Featured image from Inverse, chart from TradingView