Quant rallied in May as demand for coins in the real-world asset tokenizing industry rose. It also jumped as the supply of tokens on exchanges fell.

Quant rallies as tokenized reality catches up to the hype

The Ethereum Foundation&#8217;s restructuring could enhance blockchain efficiency 
and user experience, potentially accelerating Ethereum&#8217;s adoption.
The post Ethereum Foundation overhauls core team to focus on L1 performance, 
blob efficiency, and UX appeared first on Crypto Briefing.

Ethereum Foundation overhauls core team to focus on L1 performance, blob efficiency, and UX

The Kurdistan Regional Government (KRG), the official executive body of the 
semi-autonomous Kurdistan Region in northern Iraq, has ordered the Ministry of 
Interior to create a special committee to shut down companies operating in the 
fields of electronic trading and digital currencies. The directive, issued by 
the Presidency of the Council of Ministers and dated […]

Kurdistan Orders Crypto Crackdown After $15M Fraud Case

Russia’s largest commercial bank, Sber, launched a Bitcoin-linked bond product 
that’s now trading on OTC markets and may soon be listed on the country&#8217;s top 
stock exchange.

Russia’s largest bank Sber offers up Bitcoin-linked bonds

Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the 
daily timeframe, reclaiming the $360 support for the first time in a week. 
Some analysts suggest that holding its current range could send the 
cryptocurrency to a another retest of its historical $420 resistance. Related 
Reading: Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, 
Certified Expert Says Monero Bounces From Range Lows Amid the crypto market 
pullback, Monero led the top 100 tokens by market capitalization list with a 
double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on 
Monday morning, breaking out of its seven-day downtrend. Notably, XMR has seen 
a 66% price increase over the past month and a half, jumping from the $220 
support zone to its current levels. The token registered a significant 55% 
daily increase at the end of April, touching the $340 mark before retracing. 
The surge was reportedly fueled by a “suspicious transfer” of 3,520 BTC, worth 
around $330.7 million, from a potential victim of social engineering. 
According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, 
leading cryptocurrency to retest a key horizontal level. Despite this, the 
privacy token continued its rally during the May market recovery, which 
propelled XMR to a four-year high a week ago, nearing the crucial $420 
resistance for the first time since 2021. Now, the market’s recent performance 
has sent Monero alongside the rest of the leading cryptocurrencies to retest 
key levels. The token retraced 21% in the past week, briefly losing its three- 
week price range on Saturday. However, XMR has bounced from this level over 
the past two days after reclaiming the $325 mark and nearing the $370 
resistance. XMR Rally Hangs On This Level Analyst Sjuul from AltCryptoGems 
affirmed that “Monero has an impressive chart and is likely one of the few 
‘dino’ coins not far from breaking its all-time high.” He highlighted that XMR 
is retesting the recently flipped support and resistance zone, which is key 
for a rally continuation. Losing the $310-$345 area could send the 
cryptocurrency toward the gap between this level and the next major support 
around the $220 mark. Similarly, analyst Rekt Capital previously noted Monero 
repeated its early 2021 playbook after breaking out of its multi-year 
accumulation range in Q4 2024, surging above the $286 resistance and hitting 
last cycle’s high levels. He recently pointed out that XMR has historically 
ended its bull market around the key $422 resistance, with “this sort of price 
action for XMR occurs once every four years,” and price rallies into the major 
resistance “often briefly upside wicking beyond there.” Related Reading: $3 
XRP Dream Delayed—No Bull Run Before November, Says Top Analyst Amid its 
recent rejection from the $419 cycle high, the analyst considers that Monero 
must hold its current range, “if price wants to go against the grain of 
history and break the $422 resistance over time.” If it fails to hold above 
the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial 
level, but added that historically, XMR’s retest post-rejection usually fails. 
As of this writing, Monero trades at $366, a 32.2% increase in the monthly 
timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance

21Shares US LLC announced a 3-for-1 share split for its flagship ARK 21Shares 
Bitcoin exchange-traded fund, ARKB, aiming to make the fund more accessible to 
retail investors. The move, announced in a company press release on June 2, 
will take…