MEXC&#8217;s Tracy Jin says regulatory clarity and market maturity are powering a new era of crypto IPOs, with Circle and Gemini leading the charge.

Crypto isn’t ‘run from garages’ anymore: MEXC’s Tracy Jin on IPO boom

A top crypto lawyer predicts a 70% chance the court will approve Ripple and 
the SEC’s request to dissolve a key injunction and resolve financial 
penalties. Ripple and SEC Request Injunction Relief—Deaton Predicts 70% Chance 
Court Will Approve Attorney and crypto advocate John E. Deaton stated on June 
13 via social media platform X that […]

Ripple and SEC Seek to End XRP Dispute—Lawyer Sees 70% Chance Judge Will Approve Request

The recent escalation in tensions between Israel and Iran has added a new wave 
of anxiety in the global markets, causing investors to adopt a more cautious 
stance towards investing. At the same time, Bitcoin&#8217;s technical chart is 
sending mixed signals that could lead to a breakout in either direction. After 
a failed attempt to reclaim $110,000 earlier this week, the price has now 
slipped below the 21-day moving average, but still above support at the 50-day 
moving average. This confluence of moving averages, coupled with a clearly 
defined trendline resistance, has brought Bitcoin into a tightening price 
structure of a descending triangle pattern. Related Reading: Crypto Bloodbath: 
Over $1 Billion Liquidated As Iran-Israel Tensions Erupt Descending Triangle 
With Tightening Range And Bearish Pressure According to a crypto analyst on X, 
Bitcoin is forming a descending triangle pattern on the daily candlestick 
timeframe chart. Interestingly, technical analysis rules state that the 
descending triangle pattern setup is typically associated with bearish 
breakdowns. The chart image accompanying the post shows repeated rejection 
from a downward-sloping trendline that began when Bitcoin reached a new all- 
time high of $111,814 on May 22. The second rejection was a lower high around 
$110,000 earlier this week. On the other hand, the base of the triangle has 
remained constant with a support zone around $102,000. The analyst noted that 
the 21-day moving average (21MA), shown in blue, is exerting downward 
pressure, acting as resistance, while the 50-day moving average (50MA), in 
green, is acting as a temporary support floor. As price action continues to 
narrow within this triangle move, the market is on the projection for a 
decisive move in any direction. Whether it breaks above the resistance or 
falls through the support will likely dictate the next major trend. However, 
if the descending triangle pattern continues to play out with lower highs and 
steady support, the breakout will lean more towards a downside breakout. 
Israel-Iran Tensions May Push Breakout Or Breakdown The ongoing tensions 
between Israel and Iran could be the spark that forces Bitcoin out of its 
current range. Notably, a wave of liquidations hit the crypto market on Friday 
as reports of an Israeli airstrike on Iran made the news. During periods of 
geopolitical instability like this, Bitcoin often trades in unpredictable 
ways. There are two possible outcomes for the leading cryptocurrency from 
here. It could act as a haven, or it could be sold off for liquidity. If the 
fear in traditional markets continues to increase, Bitcoin could break below 
the $102,000 support in the coming trading sessions, confirming the descending 
triangle’s bearish implications. Related Reading: Billionaire Snaps Up $100 
Million Of Trump Coin – Details However, if bullish momentum returns, a break 
above the descending trendline could invalidate the bearish pattern and open 
the door for a retest of the $110,800 all-time high region. At the time of 
writing, Bitcoin is trading at $104,990. Featured image from Shutterstock, 
chart from TradingView

Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions

Gold and silver are exploding as Peter Schiff spotlights surging inflation, 
spiking oil, and vanishing Treasury appeal, igniting a powerful rush into 
precious metals. Peter Schiff Calls Bullish Breakout in Gold and Silver Amid 
Inflation Surge and Oil Spike Economist and gold advocate Peter Schiff shared 
a series of posts on social media platform X […]

Peter Schiff: Gold Bull Market Has Kicked Into a Higher Gear

In line with the crypto market, Ethereum prices briefly crashed below $2,500 
on Friday due to escalating geopolitical tensions between Israel and Iran. The 
prominent altcoin currently trades around $2,567 following a slight recovery 
but remains some distance off the week’s high of $2,871. Amidst all these 
recent developments, prominent blockchain analytics company Santiment has 
shared a positive report hinting at a bullish ETH future. ETH Whale Holdings 
Grow By 3.72% In 30 Days In an X post on June 14, Santiment provides valuable 
insights into Ethereum whales&#8217; behaviors. The credible analytics firm reports 
that all 6,392 of such investors holding between 1,000 and 100,000 ETH have 
significantly increased their holdings over the past month compared to retail 
investors. Related Reading: This Analyst Predicted The Dogecoin Price Crash – 
Here’s The Rest Of The Forecast In adding data to this claim, Santiment 
further shares that ETH whales have acquired 1.49 million ETH, worth $38.26 
million, in the past 30 days, boosting their total holdings by a significant 
3.72%. Generally, whale accumulations are bullish signals that indicate an 
asset’s strong potential for long-term price appreciation. Therefore, ETH&#8217;s 
recent whale activity is likely to encourage significant levels of retail 
investment that could incite a price rally. Interestingly, CoinMarketCap data 
shows the altcoin has recorded a 2.38% decline over the past month. The 
token’s price has largely oscillated within a range of $2,400 to $2,800, 
reflecting indecision in the market amidst external pressures and a lack of 
clear bullish catalysts. Ethereum whales have conducted this accumulation 
spree during a period of market uncertainty, indicating strong investor 
confidence regardless of the present market situation. Ethereum Price Overview 
At the time of writing, Ethereum trades at $2,536 following a price gain of 
1.18% in the past day. Meanwhile, the altcoin is up by 3.82% on its weekly 
chart after a notable brief price ascent above $2,800. According to data from 
CoinCodex, the general ETH market sentiment is bullish while the Greed &amp; Fear 
Index stands at 61 (Greed). This report is well reflected in the reported 
accumulation trend. Related Reading: Ethereum Faces Stress As Israel-Iran 
Conflict Shakes Sentiment – ETH/BTC Support In Focus The CoinCodex team 
predicts Ethereum will maintain its range-bound movement in the short term, as 
indicated by projections of $2,825.11 in five days and $2,767 in a month. 
Meanwhile, their long-term forecasts paint a strong bullish future of 
$4,269.40 in the next three months. With a market cap of $309.46, Ethereum 
continues to rank as the second-largest cryptocurrency with a market dominance 
of 9.4%. Featured image from Pexels, chart from Tradingview

Ethereum Whales Ramp Up Accumulation By 1.50 Million ETH — Incoming Price Boom?

Middle East tensions erupting between Israel and Iran have ignited global oil 
markets, with JPMorgan warning investors to prepare for volatility amid 
surging Brent crude prices. JPMorgan Links Israel-Iran Tensions to Oil Shock, 
Urges Investors to Brace for Volatility A fresh round of geopolitical unrest 
in the Middle East stirred financial markets, JPMorgan Private Bank’s […]