Bessent&#8217;s potential Fed chair candidacy highlights a shift towards integrating cryptocurrency perspectives in U.S. monetary policy. The post Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair appeared first on Crypto Briefing.

Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair

A long-running Australian multi-agency investigation has dismantled a 
sophisticated money laundering scheme in Queensland, charging four individuals 
and freezing $13.7 million. At the heart of the alleged operation was a 
security company that reportedly converted $124 million in cash into 
cryptocurrency to conceal illicit funds. Masterminds Convert Cash to Crypto in 
Bid to Hide Funds […]

$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four

Pudgy Penguins, one of the few NFT projects still gaining attention, has 
announced a new partnership with NASCAR in another step towards reaching 
mainstream audiences. The partnership was announced on June 11 via a brief 
post on X, where the…

Pudgy Penguins partners with NASCAR to reach new audience

As Ethereum (ETH) attempts to reclaim its January 2025 price range, the 
cryptocurrency has been holding a recently recovered level, leading some 
analysts to suggest another 10% surge before new highs. Related Reading: 
Bitcoin Eyes New Highs As Price Retests $109,000, But Analyst Warns Of 
Potential Pullback Ethereum Breakout Eyes $3,100 Ethereum has reclaimed the 
key $2,800 barrier for the first time since February, nearing the $2,900 level 
on Wednesday morning. The King of Altcoins had been trading between the 
$2,475-$2,680 range since its May breakout, unable to turn the range’s upper 
boundary into support. During last week’s retracement, ETH dropped to the 
$2,400 support before bouncing over the weekend. The crypto market’s recovery 
saw Ethereum surge toward the key resistance, finally breaking past it at the 
start of the week and hitting a three-month high of $2,879 today. Following 
this performance, Analyst Carl Runefelt from The Moon Show noted that the 
cryptocurrency had broken out of an ascending triangle formation and now 
targets the $3,100 resistance. The analyst previously highlighted ETH’s 
triangle pattern, which began forming at the start of last month’s recovery 
rally. During that period, the price compressed between the support and 
resistance lines, with the latter situated around the $2,700 mark. He 
forecasted a 15% surge toward the $3,100 level if the altcoin reclaimed the 
crucial resistance level. Based on this, Ethereum could climb another 10.7% if 
it holds its current range. Runefelt also pointed out another bullish 
formation in ETH’s trading pair against Bitcoin (BTC). According to the 
ETH/BTC chart, Ethereum also formed a bullish pennant pattern during the May 
rally. Amid this week’s recovery, the cryptocurrency has broken out of the 
formation’s upper boundary, eyeing a 30% surge toward the 0.03300 mark. ETH To 
Repeat History? Market Watcher Kaleo highlighted the resemblance between ETH’s 
performance between 2020 and 2025. According to the analyst, there are “a lot 
of similarities on the chart to where we are now vs. where we were in 2020.” 
As he explained, in the Spring of 2020, Ethereum experienced a major sell-off, 
fueled by the COVID-19 crash, which sent its price below a key higher 
timeframe (HFT) support. However, once the ascending trendline was reclaimed 
as support, ETH was “up only for the next 20 months.” Kaleo detailed the 
recent sell-off, caused by the Trump Tariffs scare, sent the altcoin below its 
multi-year ascending support trendline, adding that “ETH is currently on the 
verge of reclaiming that line.” Related Reading: Solana Triangle Formation 
Breakout Targets Rally To $164 – Is A Recovery Around The Corner? The analyst 
suggested that if history repeats, investors could see “another great ETH bull 
run and accompanying alt season.” Meanwhile, analyst DonAlt affirmed that 
ETH’s chart looks “pretty good” amid its HTF range reclaim. To him, a new all- 
time high (ATH) is likely if the $3,800 resistance is reclaimed, while the 
rally’s invalidation level is a close below the $2,200 mark. As of this 
writing, ETH trades at $2,803, a 6.7% increase in the daily timeframe. 
Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead?

Ukrainian lawmakers are taking the next step toward bringing crypto into the 
nation’s financial reserves with a newly proposed bill. A group of lawmakers 
submitted a draft bill on June 10, 2025, proposing amendments to the Law on 
the National…

Ukraine advances crypto reserve mission with strategic bill

Singaporean financial authorities have issued a final warning to crypto 
exchanges operating in the region without a license. Exchanges are expected to 
cease operations by June 30 at the latest. According to a recent report by 
Bloomberg, the Monetary Authority…