Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian…

Norwegian mining firm Green Minerals plans to raise $1.2b to establish Bitcoin Treasury

The DeFi vault platform has received funding from several VCs, including 
CoinFund, Coinbase Ventures and Animoca Ventures.

CoinFund-backed Veda raises $18M as stablecoin yield becomes ‘inevitable’

Bitcoin’s June price action during the Israel–Iran conflict shows that it 
remains a macro asset, albeit one increasingly shaped by global instability.

Missiles fly, yet Bitcoin holds, revealing BTC’s strength in global chaos

Ethereum has dropped 17% since Friday, breaking down from the long-standing 
range that held firm since early May. The sharp sell-off came after news broke 
of US airstrikes targeting Iranian nuclear facilities, sending shockwaves 
across global markets and sparking panic selling in risk assets. ETH was no 
exception, plunging below multiple support zones before finding a temporary 
floor at $2,100. Related Reading: Solana Cracks Below Key Structure – Head And 
Shoulders Breakdown Points To $106 This level served as a critical demand 
area, and Ethereum has since managed to bounce, offering bulls a glimmer of 
hope in an otherwise uncertain market. However, the breakdown of the previous 
trading range indicates that momentum has clearly shifted in favor of the 
bears. According to top analyst Ted Pillows, Ethereum must reclaim the top of 
the former range to signal that the downside move was a deviation rather than 
a full breakdown. As investors digest the growing geopolitical risk and 
continue to react to macroeconomic pressures such as persistent inflation and 
hawkish Federal Reserve policy, Ethereum’s path forward remains uncertain. 
Still, the bounce from $2,100 provides a chance for bulls to reestablish 
control—if they can push the price back above key resistance levels in the 
sessions ahead. Ethereum Holds Support But Bears Still in Control Recent price 
action has taken a heavy toll on altcoins, with Ethereum leading the downturn 
as most assets fall to lower demand levels. Since reaching its early June 
high, Ethereum has shed over 26% of its value, now trading under intense 
bearish pressure. Despite the decline, bulls have managed to defend the 
critical $2,100 support level, providing a temporary floor in an otherwise 
fragile environment. Geopolitical instability—particularly the escalating 
conflict between the US, Israel, and Iran—continues to add volatility and risk 
aversion to the market. Investors remain cautious, with the broader 
macroeconomic backdrop dominated by high US Treasury yields, stubborn 
inflation, and a hawkish Federal Reserve. These factors have put additional 
weight on the crypto sector, especially on Ethereum, which is widely seen as 
the main catalyst for a potential altseason that has yet to materialize. Ted 
Pillows notes that Ethereum recently tested the $2,100 support and 
successfully bounced. However, he emphasizes that the price must reclaim the 
top of its previous range to regain bullish momentum. If ETH fails to break 
and hold above the $2,350 range low, it risks a deeper move toward the start 
of the previous impulse leg—or worse. The coming days will be critical for 
Ethereum. Reclaiming lost levels would indicate strength and possibly kick off 
the long-awaited altcoin rotation. But continued rejection could signal more 
downside ahead, with sentiment already fragile and demand still lacking. Until 
clarity returns, Ethereum remains in a decisive phase where every candle 
matters. Related Reading: Ethereum Weekly Chart Nears Tower Top Formation As 
US Launches Attack On Iran – Details ETH Price Analysis: Breakdown Below Key 
Structure Ethereum (ETH) has sharply declined, with the price now sitting 
around $2,248. This move marks a confirmed breakdown from the key range 
between $2,320 and $2,850, which had been holding since early May. The 
rejection from the upper resistance zone near $2,850, combined with high- 
volume selling, indicates clear bearish momentum. The current candle structure 
on the 3-day timeframe shows strong downward pressure, especially as ETH 
failed to hold above the 100-day and 200-day moving averages (currently at 
$2,638 and $2,776, respectively). These levels now act as dynamic resistance, 
adding more weight against any short-term bullish reversal attempts. ETH is 
also trading well below the 50-day moving average at $2,265, a level that has 
historically acted as a short-term directional signal. Unless price reclaims 
and consolidates above that zone, the bearish trend could continue toward the 
$2,000–$2,100 support cluster—an area that previously sparked buying interest 
during March&#8217;s recovery. Related Reading: Tron Energy Usage Surges 108% – 
Smart Contract Activity Accelerates Volume has spiked significantly on this 
drop, suggesting panic selling rather than a controlled correction. For bulls 
to regain control, ETH must reclaim the range low at $2,320 quickly. 
Otherwise, downside pressure could continue to dominate in the near term. 
Featured image from Dall-E, chart from TradingView

Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move

Crypto media personality Anthony Pompliano raised $750 million for his Bitcoin 
treasuries firm.

Pompliano unveils ProCap Financial, eyes $1b BTC play via SPAC

On June 1st, 2025, WEMIX hit rock bottom at $0.195 — its lowest price in a 
year. But just a few days later, by June 5th, it had already bounced back to 
$0.454 before dipping slightly again. So, what caused…