Consumer Financial Protection Bureau acting enforcement director Cara Petersen has quit, saying that she has never “seen the ability to perform our core mission so under attack.”

CFPB’s top enforcer exits with scathing email on Trump: Report

Bitcoin has dominated headlines for years, smashing price records and 
cementing itself as a leading global asset. Yet barely anyone seems to be 
Googling it anymore. According to recent Google Trends data, global search 
interest for “Bitcoin” (BTC) has dropped…

Bitcoin nears all-time highs, but Google search interest is near a 5-year low. Why?

Ant International is accelerating its global pivot with plans to apply for 
stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Ant International 
— the global arm of Jack Ma-backed Ant Group Co., an affiliate of Alibaba 
Group and operator of…

Ant International seeks stablecoin licenses in Hong Kong, Singapore, and Luxembourg

Tether Investments recently acquired 31.9% of Elemental shares from La Mancha 
investments in a private deal. Elemental is a gold mining firm listed in 
Canada. According to a recent press release, the investment arm of the 
stablecoin issuer acquired a…

Tether acquires a 31.9% stake in Canadian gold mining firm Elemental

On June 11, 2025, the May Consumer Price Index was released. Inflation is 2.4% 
(up 0.1%), which is below the predicted rate of 2.5%. Again, the U.S. 
officials are calling for interstate rates to be cut. How realistic is that…

Inflation is up but below expectations. Will the Fed cut rates, and what does this mean for the crypto market?

Ethereum finally pushed above the long-watched $2,800 mark, signaling renewed 
strength and triggering a wave of optimism across the market. However, the 
breakout was met with heavy volatility, as the price quickly pulled back into 
the previous resistance zone. Despite the rejection, ETH continues to trade 
near the top of its range, and analysts remain bullish on the broader altcoin 
outlook. Related Reading: Ethereum Price Tests Ascending Channel Resistance – 
Breakout Or Breakdown? With Bitcoin stabilizing near all-time highs and ETH 
attempting to reclaim momentum, many are calling for the start of a new 
altseason. Ethereum’s performance is viewed as a critical signal for the 
broader altcoin market — and for now, the structure remains intact. Bulls are 
watching closely to see if ETH can bounce and retest the breakout zone with 
strength. Top analyst M-log1 shared a technical update, noting that ETH is 
currently sitting at key support levels. He emphasized the importance of a 
clean bounce and a breakout from the current ascending channel. While M-log1 
isn’t calling for a breakdown yet, he highlighted the need for caution and 
patience as price action unfolds. For now, Ethereum holds support, but the 
next move will be crucial. Ethereum Leads With Strength But Volatility Keeps 
Market On Edge Ethereum is currently leading the crypto market, showing 
relative strength as it holds above key price levels despite a backdrop of 
volatility and global uncertainty. Trading above $2,750, ETH has become a 
focal point for investors who see it as the leading indicator for a potential 
altcoin rally. However, recent price swings have introduced a wave of caution, 
as traders weigh the risk of a pullback against the promise of a breakout. 
Macroeconomic headwinds remain a critical factor. Global tensions, rising US 
Treasury yields, and uncertain trade negotiations between the US and major 
economies continue to drive investor sentiment. These external pressures have 
kept volatility high and market conviction relatively fragile, even as 
Ethereum maintains its structure above support. M-log1 shared a technical 
breakdown, noting that ETH is now sitting at a key support zone near $2,750. 
According to him, Ethereum “needs to bounce and break out of the current 
ascending channel” to reignite upside momentum. If that fails, the structure 
may tilt bearish, with a potential revisit of the lower end of the channel. He 
added that while he remains optimistic, probabilities shift quickly in this 
environment, and the next few sessions will be critical. Still, Ethereum’s 
relative strength amid macro noise suggests underlying confidence. If ETH can 
reclaim the $2,800–$2,830 region and flip it into support, it could pave the 
way for a run toward $3,000 and set the tone for altseason. Until then, price 
action remains compressed, and the market watches closely as Ethereum teeters 
at a technical and psychological pivot point. Related Reading: Solana Forms 
Higher Low: Charging Toward Range Highs? Ethereum Holds Key Levels As Price 
Tests Critical Moving Averages Ethereum is trading at $2,753 on the 3-day 
chart, showing strength after pushing above the 200-day simple moving average 
(SMA) at $2,768.62. While ETH briefly reached a high of $2,785, the candle 
currently reflects a slight pullback from that level. This rejection is not 
yet a bearish signal, but it does mark the $2,770–$2,785 range as a short-term 
resistance zone. ETH remains well-positioned technically, holding above the 
50-day ($2,325), 100-day ($2,647), and 200-day ($2,768) SMAs — all critical 
levels that have historically guided mid- to long-term price direction. The 
strong rally from April lows around $1,500 to current levels has reset the 
trend in Ethereum’s favor, but now a clean breakout above $2,800 is needed to 
confirm continuation. Related Reading: Ethereum Approaches Decisive Level – 
Trading Around 200 DMA Resistance Volume remains steady, with no major signs 
of distribution. A strong close above the 200 SMA on this 3-day candle could 
act as a bullish confirmation and set the stage for a push toward the $3,000 
mark. On the downside, if ETH fails to hold $2,700, a retest of the 
$2,600–$2,650 support zone is likely. Featured image from Dall-E, chart from 
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