Societe Generale-FORGE plans to launch its new stablecoin, the USD CoinVertible, on both Ethereum and Solana blockchains. Trading for USDCV is scheduled to start in early July 2025. According to a recent press release, SG-FORGE, the integrated subsidiary of Societe…

Societe Generale-FORGE to launch new USD CoinVertible stablecoin on Ethereum and Solana

While authorizing the National Bank of Ukraine to allocate crypto assets like 
Bitcoin as part of state reserves, the draft bill does not oblige the 
authority to do so.

Crypto asset reserve bill lands in Ukraine’s parliament

Ethereum (ETH), the second-largest cryptocurrency by market cap, may finally 
be awakening from its slumber. It recently flashed a bullish golden cross on 
the daily chart &#8211; a signal that has many crypto analysts forecasting a 
potential new all-time high (ATH) in the near future. Ethereum Flashes Bullish 
Golden Cross In an X post published today, crypto analyst Titan of Crypto 
noted that ETH has formed a golden cross on its daily chart. He shared the 
following chart and remarked that bullish momentum appears to be building for 
Ethereum. To explain, a golden cross is a bullish technical pattern that 
occurs when a short-term moving average (MA) &#8211; typically the 50-day &#8211; crosses 
above a long-term MA like the 200-day. It signals a potential shift in 
momentum and is often seen as an indicator of a sustained upward trend. 
Related Reading: Ethereum Market Shows Signs Of Overheating Near $2,500 – Is A 
Short-Term Pullback Coming? Meanwhile, seasoned crypto analyst Ali Martinez 
commented on ETH’s recent price action. He noted that Ethereum has broken 
resistance on the 4-hour chart and could be setting up for a move as high as 
$2,920 in the coming days. Fellow market commentator Ted Pillows echoed a 
similar view. He stated that ETH is currently trading at a local range high, 
pushing against a key resistance level at $2,800. Pillows suggested that the 
digital asset might reach $4,000 later this month. Multiple technical 
indicators and market structure patterns are also hinting at near-term upside 
for ETH. For instance, crypto trader Merlijn The Trader observed a hidden 
bullish divergence on the 12-hour chart. A hidden bullish divergence occurs 
when price forms a higher low, while a momentum indicator &#8211; such as RSI or 
MACD &#8211; forms a lower low. This setup suggests that although momentum appears 
weak, the underlying trend remains intact, and a price continuation to the 
upside is likely. In a similar vein, digital assets analyst Crypto Caesar 
pointed out that Ethereum’s Wyckoff Accumulation pattern is “still playing out 
perfectly.” He shared a chart predicting that ETH may hit a new all-time high 
by August 2025. All Indicators Point To Further Upside Beyond the technical 
patterns, other on-chain and market indicators continue to support the bullish 
thesis. For instance, even after gaining over 11% in the past two weeks, 
Ethereum’s funding rates remain relatively neutral &#8211; a sign that the rally may 
still have room to grow. Related Reading: Ethereum Stuck Between Retail Sell- 
Off And Whale Accumulation, Analyst Explains Additionally, ETH is eyeing a 
potential breakout to $3,500, with its price projected to surge above the 
crucial 50-day exponential moving average (EMA). At press time, ETH trades at 
$2,740, up 6.8% in the past 24 hours. Featured image from Unsplash, charts 
from X and TradingView.com

Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach?

Cryptocurrency exchange Bullish has filed for an initial public offering (IPO) 
in the United States, seeking to capitalize on increasing investor interest in 
digital assets during the Trump administration, according to the Financial 
Times. The company has submitted confidential paperwork to the Securities and 
Exchange Commission, allowing it to advance its listing plans while delaying 
[…]

Report: Bullish Exchange Files for US IPO Amid Rising Demand for Crypto Stocks

Online trading platform eToro reported solid financial results for the first 
quarter of 2025, reflecting strong user engagement and increased trading 
activity. The earnings report, which was published on June 10th, shows that 
the company&#8217;s core business areas, from investing…

eToro reports $60M in Q1 net income as trading activity and user base grows

Republican Representative William Timmons has asked US Securities and Exchange 
Commission Chair Paul Atkins for documents on the agency’s historical approach 
to Ether.